Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 2,887.0 - - 2,887.0 Watchlist - 238.2 - 238.2 Non-performing - - 175.4 175.4 2,887.0 238.2 175.4 3,300.6 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 2,887.0 238.2 175.4 3,300.6 New assets originated or purchased 526.6 205.6 40.4 772.6 Assets derecognised or repaid (excluding write offs) (808.5) (147.2) (90.3) (1,046.0) Transfers to Stage 1 51.9 (52.5) 0.6 - Transfers to Stage 2 (618.2) 632.7 (14.5) - Transfers to Stage 3 (177.8) (119.8) 297.6 - Amounts written off - - (15.9) (15.9) At 30 September 2020 1,861.0 757.0 393.3 3,011.3 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 2,684.3 227.1 243.5 3,154.9 New assets originated or purchased 1,219.5 74.7 5.8 1,300.0 Assets derecognised or repaid (excluding write offs) (974.2) (87.8) (88.3) (1,150.3) Transfers to Stage 1 92.5 (70.6) (21.9) - Transfers to Stage 2 (104.8) 110.8 (6.0) - Transfers to Stage 3 (30.3) (16.0) 46.3 - Amounts written off - - (4.0) (4.0) At 30 September 2019 2,887.0 238.2 175.4 3,300.6 2020 GROUP Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 22.0 3.3 94.0 119.3 New assets originated or purchased 3.4 4.2 10.1 17.7 Assets derecognised or repaid (excluding write offs) (4.2) (0.1) (3.3) (7.6) Transfers to Stage 1 1.0 (0.7) (0.3) - Transfers to Stage 2 (6.0) 11.1 (5.1) - Transfers to Stage 3 (1.4) (1.8) 3.2 - Impact of impairment losses and year end ECL of exposures transferred between stages 0.7 15.8 73.0 89.5 Amounts written off - - (15.9) (15.9) At 30 September 2020 15.5 31.8 155.7 203.0 Gross carrying amount An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to finance leases is as follows: Expected credit loss 115