CFSL Integrated Report 2021

141 I N T E G R A T E D R E P O R T 2 0 2 1 Explanatory Notes 30 SEPTEMBER 2021 E x p l a n a t o r y N o t e s 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 1,861.0 757.0 393.3 3,011.3 New assets originated or purchased 469.4 60.2 16.9 546.5 Assets derecognised or repaid (excluding write offs) (758.4) (158.3) (103.4) (1,020.1) Transfers to Stage 1 322.2 (277.8) (44.4) - Transfers to Stage 2 (93.4) 136.2 (42.8) - Transfers to Stage 3 (28.3) (72.5) 100.8 - Amounts written off (0.2) (0.1) (27.6) (27.9) At 30 September 2021 1,772.3 444.7 292.8 2,509.8 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 - - - - Amalgamation adjustment 1,861.0 757.0 393.3 3,011.3 New assets originated or purchased 469.4 60.2 16.9 546.5 Assets derecognised or repaid (excluding write offs) (758.4) (158.3) (103.4) (1,020.1) Transfers to Stage 1 322.2 (277.8) (44.4) - Transfers to Stage 2 (93.4) 136.2 (42.8) - Transfers to Stage 3 (28.3) (72.5) 100.8 - Amounts written off (0.2) (0.1) (27.6) (27.9) At 30 September 2021 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 At 1 October 2019 2,887.0 238.2 175.4 3,300.6 New assets originated or purchased 526.6 205.6 40.4 772.6 Assets derecognised or repaid (excluding write offs) (808.5) (147.2) (90.3) (1,046.0) Transfers to Stage 1 51.9 (51.9) - - Transfers to Stage 2 (618.2) 632.7 (14.5) - Transfers to Stage 3 (177.8) (120.4) 298.2 - Amounts written off - - (15.9) (15.9) At 30 September 2020 1,861.0 757.0 393.3 3,011.3 2021 GROUP Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 15.5 31.8 155.7 203.0 New assets originated or purchased 3.3 2.0 9.7 15.0 Assets derecognised or repaid (excluding write offs) (5.8) (3.6) (9.7) (19.1) Transfers to Stage 1 17.5 (6.8) (10.7) - Transfers to Stage 2 (0.7) 13.9 (13.2) - Transfers to Stage 3 (0.3) (2.6) 2.9 - Impact of year end ECL of exposures transferred between stages (11.5) (11.4) 17.7 (5.2) Changes to estimates and assumptions used for ECL calculations 8.9 3.9 26.0 38.8 Amounts written off (0.2) (0.1) (27.6) (27.9) At 30 September 2021 26.7 27.1 150.8 204.6 Gross carrying amount An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to finance leases is as follows: Expected credit loss

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