Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 2019 GROUP Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 21.0 2.4 106.1 129.5 New assets originated or purchased 9.2 2.3 7.0 18.5 Assets derecognised or repaid (excluding write offs) (8.2) (1.4) (26.2) (35.8) Transfers to Stage 1 5.5 (1.1) (4.4) - Transfers to Stage 2 (0.7) 1.8 (1.1) - Transfers to Stage 3 (0.3) (0.2) 0.5 - Transferred between stages (4.5) (0.5) 16.1 11.1 Amounts written off - - (4.0) (4.0) At 30 September 2019 22.0 3.3 94.0 119.3 2020 GROUP Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 4,680.3 617.9 643.4 5,941.6 New assets originated or purchased 2,698.0 683.0 425.0 3,806.0 Assets derecognised or repaid (excluding write offs) (2,661.4) (421.6) (411.1) (3,494.1) Transfers to Stage 1 129.7 (118.6) (11.1) - Transfers to Stage 2 (467.1) 472.3 (5.2) - Transfers to Stage 3 (351.1) (203.9) 555.0 - Amounts written off - - (76.0) (76.0) At 30 September 2020 4,028.4 1,029.1 1,120.0 6,177.5 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) Expected credit loss (cont’d) Other credit agreements The table below shows the credit quality and the maximum exposure to credit risk based on the Group’s internal credit rating system and year end stage classification. The amounts presented are gross of impairment allowances. Details of the Group’s internal grading system and policies on whether ECL allowances are calculated on an individual or collective basis are set out in Note 4.1(d). Gross carrying amount An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to finance leases and other credit agreements is as follows: 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 4,028.4 - - 4,028.4 Watchlist - 1,029.1 - 1,029.1 Non-performing - - 1,120.0 1,120.0 4,028.4 1,029.1 1,120.0 6,177.5 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 4,680.3 - - 4,680.3 Watchlist - 617.9 - 617.9 Non-performing - - 643.4 643.4 4,680.3 617.9 643.4 5,941.6 116