Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 16. LOANS AND ADVANCES (CONT’D) (b) Corporate credit facilities (cont’d) (iii) Gross carrying amount – Corporate credit facilities An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to Corporate Credit facilities is as follows: (iv) Expected credit loss – Corporate credit facilities 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 112.6 - 57.6 170.2 New assets originated - - - - Assets derecognised or repaid (excluding write offs) (42.7) - (0.6) (43.3) At 30 September 2020 69.9 - 57.0 126.9 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 0.1 - 11.7 11.8 New assets originated - - - - Assets derecognised or repaid (excluding write offs) (0.2) - (0.7) (0.9) Transfers to Stage 1 - - - - Transfers to Stage 2 - - - - Transfers to Stage 3 - - - - Impact of impairment losses and year end ECL of exposures transferred between stages 0.6 - 6.1 6.7 Amounts written off - - - - At 30 September 2020 0.5 - 17.1 17.6 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 0.3 0.3 0.1 0.7 New assets originated - - - - Assets derecognised or repaid (excluding write offs) (0.2) (0.2) - (0.4) Transfers to Stage 1 - - - - Transfers to Stage 2 - - - - Transfers to Stage 3 - (0.1) 0.1 - Impact of impairment losses and year end ECL of exposures transferred between stages - - 11.5 11.5 Amounts written off - - - - At 30 September 2019 0.1 - 11.7 11.8 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 152.8 54.5 62.2 269.5 New assets originated 4.0 - 2.0 6.0 Assets derecognised or repaid (excluding write offs) (44.2) (24.9) (36.2) (105.3) Transfers to Stage 1 - - - - Transfers to Stage 2 - - - - Transfers to Stage 3 - (29.6) 29.6 - Amounts written off - - - - At 30 September 2019 112.6 - 57.6 170.2 121