148 C I M F I N A N C I A L S E R V I C E S L T D Explanatory Notes 30 SEPTEMBER 2021 E x p l a n a t o r y N o t e s 16. LOANS AND ADVANCES (CONT’D) GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 19.5 27.7 181.8 229.0 New assets originated 21.0 2.9 97.2 121.1 Assets derecognised or repaid (excluding write offs) (4.8) (13.3) (7.5) (25.6) Transfers to Stage 1 4.8 (3.0) (1.8) - Transfers to Stage 2 (1.2) 1.7 (0.5) - Transfers to Stage 3 (2.7) (3.4) 6.1 - Impact of impairment losses and year end ECL of exposures transferred between stages (3.1) - 89.1 86.0 Changes to estimates and assumptions used for ECL calculations 19.2 26.7 95.7 141.6 Transfer from Credit facilities (2.3) - (15.1) (17.4) Amounts written off - - (58.8) (58.8) At 30 September 2021 50.4 39.3 386.2 475.9 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 - - - - Amalgamation adjustment 15.9 25.2 158.9 200.0 New assets originated 18.9 1.1 94.1 114.1 Assets derecognised or repaid (excluding write offs) (3.1) (13.3) (7.5) (23.9) Transfers to Stage 1 4.8 (3.0) (1.8) - Transfers to Stage 2 (1.2) 1.7 (0.5) - Transfers to Stage 3 (1.0) (3.0) 4.0 - Impact of impairment losses and year end ECL of exposures transferred between stages (3.1) - 89.1 86.0 Changes to estimates and assumptions used for ECL calculations 19.2 26.7 95.7 141.6 Transfer from Credit facilities (2.3) - (15.1) (17.4) Amounts written off - - (35.6) (35.6) At 30 September 2021 48.1 35.4 381.3 464.8 GROUP 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 14.6 14.1 99.2 127.9 New assets originated 5.3 19.4 69.9 94.6 Assets derecognised or repaid (excluding write offs) (2.9) (0.1) (9.5) (12.5) Transfers to Stage 1 0.5 (0.2) (0.3) - Transfers to Stage 2 (1.2) 1.3 (0.1) - Transfers to Stage 3 (0.5) (0.9) 6.3 4.9 Impact of impairment losses and year end ECL of exposures transferred between stages 8.0 7.0 43.9 58.9 Amounts written off (4.3) (12.9) (27.6) (44.8) At 30 September 2020 19.5 27.7 181.8 229.0 (a) Credit facilities (cont’d) (iv) Expected credit loss – Credit facilities
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