140 C I M F I N A N C I A L S E R V I C E S L T D 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) Explanatory Notes 30 SEPTEMBER 2021 E x p l a n a t o r y N o t e s Net investment in leases Credit quality 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). GROUP AND COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 1,772.3 - - 1,772.3 Watchlist - 444.7 - 444.7 Non-performing - - 292.8 292.8 1,772.3 444.7 292.8 2,509.8 GROUP 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 1,861.0 - - 1,861.0 Watchlist - 757.0 - 757.0 Non-performing - - 393.3 393.3 1,861.0 757.0 393.3 3,011.3
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