Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 16. LOANS AND ADVANCES (CONT’D) (d) Card receivables (cont’d) (ii) Gross carrying amount - Card receivables An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to Credit facilities is as follows: 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 231.1 76.7 66.0 373.8 New assets originated or purchased 43.1 10.8 19.9 73.8 Assets derecognised or repaid (excluding write offs) (85.7) (12.6) (12.9) (111.2) Transfers to Stage 1 42.2 (38.6) (3.6) - Transfers to Stage 2 (25.6) 26.2 (0.6) - Transfers to Stage 3 (12.5) (17.1) 29.6 - Amounts written off - - (21.0) (21.0) At 30 September 2020 192.6 45.4 77.4 315.4 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 251.6 106.4 67.8 425.8 New assets originated or purchased 29.7 3.4 4.1 37.2 Assets derecognised or repaid (excluding write offs) (44.6) (17.0) (13.8) (75.4) Transfers to Stage 1 39.4 (36.9) (2.5) - Transfers to Stage 2 (36.7) 40.1 (3.4) - Transfers to Stage 3 (8.3) (19.3) 27.6 - Amounts written off - - (13.8) (13.8) At 30 September 2019 231.1 76.7 66.0 373.8 2019 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2018 0.4 0.2 34.0 34.6 New assets originated or purchased 0.1 0.1 2.2 2.4 Assets derecognised or repaid (excluding write offs) - - - - Transfers to Stage 1 0.2 (0.1) (0.1) - Transfers to Stage 2 (0.1) 0.3 (0.2) - Transfers to Stage 3 - - - - Impact of impairment losses and year end ECL of exposures transferred between stages (0.2) (0.4) 12.1 11.5 Amounts written off - - (13.8) (13.8) At 30 September 2019 0.4 0.1 34.2 34.7 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 0.4 0.1 34.2 34.7 New assets originated or purchased 0.1 0.1 12.8 13.0 Assets derecognised or repaid (excluding write offs) (0.4) - - (0.4) Transfers to Stage 1 0.4 (0.1) (0.3) - Transfers to Stage 2 - - - - Transfers to Stage 3 - - - - Impact of impairment losses and year end ECL of exposures transferred between stages - 1.3 22.6 23.9 Amounts written off - - (21.0) (21.0) At 30 September 2020 0.5 1.4 48.3 50.2 (iii) Expected credit loss – Card receivables 124