Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 16. LOANS AND ADVANCES (CONT’D) (a) Credit facilities (cont’d) (iv) Expected credit loss – Credit facilities (cont’d) (b) Corporate Credit Facilities (i) Corporate loans receivables breakdown before impairment: 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 4.6 0.7 79.8 85.1 New assets originated 12.2 8.6 12.8 33.6 Assets derecognised or repaid (excluding write offs) (2.0) (0.4) (42.2) (44.6) Transfers to Stage 1 0.1 (0.1) - - Transfers to Stage 2 (0.2) 5.3 (5.1) - Transfers to Stage 3 (0.1) (0.1) 0.2 - Impact of impairment losses and year end ECL of exposures transferred between stages - 0.1 65.4 65.5 Amounts written off - - (11.7) (11.7) At 30 September 2019 14.6 14.1 99.2 127.9 GROUP COMPANY Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m Within one year 46.9 50.0 3,130.7 2,819.7 After one year and before five years 65.5 95.6 1,775.1 182.3 After five years 14.5 24.6 2,414.7 - 126.9 170.2 7,320.5 3,002.0 (ii) Credit quality – Corporate Credit facilities 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). 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 69.9 - - 69.9 Non-performing - - 57.0 57.0 69.9 - 57.0 126.9 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 112.6 - - 112.6 Non-performing - - 57.6 57.6 112.6 - 57.6 170.2 120