144 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) Gross carrying amount (cont’d) Expected credit loss GROUP 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 4,680.3 617.9 643.4 5,941.6 New assets originated or purchased 2,698.0 683.0 425.0 3,806.0 Assets derecognised or repaid (excluding write offs) (2,661.4) (421.6) (411.1) (3,494.1) Transfers to Stage 1 129.7 (118.6) (11.1) - Transfers to Stage 2 (467.1) 472.3 (5.2) - Transfers to Stage 3 (351.1) (203.9) 555.0 - Amounts written off - - (76.0) (76.0) At 30 September 2020 4,028.4 1,029.1 1,120.0 6,177.5 GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 21.3 29.6 560.8 611.7 New assets originated or purchased 20.2 2.3 95.0 117.5 Assets derecognised or repaid (excluding write offs) (11.4) (9.7) (121.0) (142.1) Transfers to Stage 1 17.3 (8.7) (8.6) - Transfers to Stage 2 (1.2) 4.0 (2.8) - Transfers to Stage 3 (1.1) (7.4) 8.5 - Impact of impairment losses and year end ECL of exposures transferred between stages (15.7) (2.8) 71.9 53.4 Changes to estimates and assumptions used for ECL calculations 16.7 24.7 109.1 150.5 Amounts written off - - (115.3) (115.3) At 30 September 2021 46.1 32.0 597.6 675.7 An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to finance leases and other credit agreements is as follows: Explanatory Notes 30 SEPTEMBER 2021 E x p l a n a t o r y N o t e s
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