153 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 (c) Factoring receivables (iii) Gross carrying amount – Factoring debtors (Cont’d) GROUP 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 - 261.1 20.5 281.6 New assets originated or purchased 62.5 6.2 - 68.7 Assets derecognised or repaid (excluding write offs) (86.3) (37.7) (2.2) (126.2) Transfers to Stage 3 - (2.5) 2.5 - Impact of impairment losses and year end ECL of exposures transferred between stages 220.2 (220.2) - - Amounts written off - - (4.7) (4.7) At 30 September 2020 196.4 6.9 16.1 219.4 (iv) Expected credit loss – Factoring receivables GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 1.0 - 16.2 17.2 New assets originated 1.0 - - 1.0 Assets derecognised or repaid (excluding write offs) (0.2) - - (0.2) Changes to estimates and assumptions 0.5 - - 0.5 Amounts written off - - (2.9) (2.9) At 30 September 2021 2.3 - 13.3 15.6 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 - - - - Amalgamation adjustment 1.0 - 16.2 17.2 New assets originated 1.0 - - 1.0 Assets derecognised or repaid (excluding write offs) (0.2) - - (0.2) Changes to estimates and assumptions 0.5 - - 0.5 Amounts written off - - (2.9) (2.9) At 30 September 2021 2.3 - 13.3 15.6
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