Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD GROUP COMPANY Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m Credit facilities (a) 4,755.5 3,080.1 - - Corporate credit facilities (b) 126.9 170.2 7,320.5 3,002.0 Factoring receivables (c) 219.4 281.6 - - Card receivables (d) 315.4 373.8 - - 5,417.2 3,905.7 7,320.5 3,002.0 Expected credit loss / allowance for credit impairment (314.0) (197.0) (26.1) (10.1) 5,103.2 3,708.7 7,294.4 2,991.9 Expected credit loss/allowance for credit impairment is analysed as follows: GROUP COMPANY Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m Credit facilities 229.0 127.9 - - Corporate credit facilities 17.6 11.8 26.1 10.1 Factoring receivables 17.2 22.6 - - Card receivables 50.2 34.7 - - 314.0 197.0 26.1 10.1 An amount of MUR26.1m has been recorded as impairment at Company level to cater for credit risks relating to intercompany loans. GROUP COMPANY Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m (a) Credit facilities (i) Credit facilities receivables breakdown before impairment: Within one year 1,604.1 1,155.6 - - After one year and before five years 3,144.3 1,917.8 - - After five years 7.1 6.7 - - 4,755.5 3,080.1 - - (ii) Credit quality – Credit facilities The table below shows the credit quality and the maximum exposure to credit risk based on the Company’s internal credit rating system and year end stage classification. The amounts presented are gross of impairment allowances. De- tails of the Company’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). Explanatory Notes 30 SEPTEMBER 2020 16. LOANS AND ADVANCES 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 3,320.2 - - 3,320.2 Watchlist - 849.7 - 849.7 Non-performing - - 585.6 585.6 3,320.2 849.7 585.6 4,755.5 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 2,588.4 - - 2,588.4 Watchlist - 254.8 - 254.8 Non-performing - - 236.9 236.9 2,588.4 254.8 236.9 3,080.1 118