Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 3,891.0 487.9 522.8 4,901.7 New assets originated or purchased 3,560.4 418.1 182.4 4,160.9 Assets derecognised or repaid (excluding write offs) (2,569.1) (314.3) (166.5) (3,049.9) Transfers to Stage 1 69.8 (63.5) (6.3) - Transfers to Stage 2 (155.1) 160.1 (5.0) - Transfers to Stage 3 (116.7) (70.4) 187.1 - Amounts written off - - (71.1) (71.1) At 30 September 2019 4,680.3 617.9 643.4 5,941.6 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) Gross carrying amount (cont’d) Expected credit loss 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 At 1 October 2019 14.0 2.8 337.0 353.8 New assets originated or purchased 4.5 - 254.4 258.9 Assets derecognised or repaid (excluding write offs) (5.7) (0.8) (26.7) (33.2) Transfers to Stage 1 1.4 (0.6) (0.8) - Transfers to Stage 2 (1.5) 1.9 (0.4) - Transfers to Stage 3 (1.2) (1.0) 2.2 - Impact of impairment losses and year end ECL of exposures transferred between stages 9.8 27.3 71.0 108.1 Amounts written off - - (75.9) (75.9) At 30 September 2020 21.3 29.6 560.8 611.7 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 11.6 2.0 286.7 300.3 New assets originated or purchased 10.8 2.1 28.1 41.0 Assets derecognised or repaid (excluding write offs) (7.7) (1.4) (41.0) (50.1) Transfers to Stage 1 0.2 (0.2) - - Transfers to Stage 2 (0.5) 0.6 (0.1) - Transfers to Stage 3 (0.4) (0.3) 0.7 - Impact of impairment losses and year end ECL of exposures transferred between stages - - 133.7 133.7 Amounts written off - - (71.1) (71.1) At 30 September 2019 14.0 2.8 337.0 353.8 117