Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 16. LOANS AND ADVANCES (CONT’D) 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 2,588.4 254.8 236.9 3,080.1 New assets originated 2,414.1 598.6 214.5 3,227.2 Assets derecognised or repaid (excluding write offs) (1,215.4) (152.7) (104.4) (1,472.5) Transfers to Stage 1 55.2 (49.6) (5.6) - Transfers to Stage 2 (327.9) 338.0 (10.1) - Transfers to Stage 3 (162.6) (119.7) 282.3 - Amounts written off (31.6) (19.7) (28.0) (79.3) At 30 September 2020 3,320.2 849.7 585.6 4,755.5 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 14.6 14.1 99.2 127.9 New assets originated 5.3 19.4 69.9 94.6 Assets derecognised or repaid (excluding write offs) (2.9) (0.1) (9.5) (12.5) Transfers to Stage 1 0.5 (0.2) (0.3) - Transfers to Stage 2 (1.2) 1.3 (0.1) - Transfers to Stage 3 (0.5) (0.9) 6.3 4.9 Impact of impairment losses and year end ECL of exposures transferred between stages 8.0 7.0 43.9 58.9 Amounts written off (4.3) (12.9) (27.6) (44.8) At 30 September 2020 19.5 27.7 181.8 229.0 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 1,753.9 136.4 196.3 2,086.6 New assets originated 1,685.9 139.4 59.7 1,885.0 Assets derecognised or repaid (excluding write offs) (766.0) (57.3) (55.9) (879.2) Transfers to Stage 1 45.3 (35.4) (9.9) - Transfers to Stage 2 (81.6) 94.9 (13.3) - Transfers to Stage 3 (49.1) (23.2) 71.6 (0.7) Amounts written off - - (11.6) (11.6) At 30 September 2019 2,588.4 254.8 236.9 3,080.1 (a) Credit facilities (cont’d) (iii) Gross carrying amount – Credit facilities An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to credit facilities is as follows: (iv) Expected credit loss – Credit facilities 119