156 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 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 - - - - Amalgamation adjustment 0.5 1.4 48.3 50.2 New assets originated or purchased 0.2 (0.1) 3.3 3.4 Assets derecognised or repaid (excluding write offs) (0.3) (1.3) (28.0) (29.6) Transfers to Stage 1 1.1 - (1.1) - Transfers to Stage 2 - 0.6 (0.6) - Impact of impairment losses and year end ECL of exposures transferred between stages (1.0) (0.5) 4.9 3.4 Changes to estimates and assumptions 4.6 2.6 12.0 19.2 Amounts written off - - (5.3) (5.3) At 30 September 2021 5.1 2.7 33.5 41.3 GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 0.5 1.4 48.3 50.2 New assets originated or purchased 0.2 (0.1) 3.3 3.4 Assets derecognised or repaid (excluding write offs) (0.3) (1.3) (28.0) (29.6) Transfers to Stage 1 1.1 - (1.1) - Transfers to Stage 2 - 0.6 (0.6) - Transfers to Stage 3 - - - - Impact of impairment losses and year end ECL of exposures transferred between stages (1.0) (0.5) 4.9 3.4 Changes to estimates and assumptions 4.6 2.6 12.0 19.2 Amounts written off - - (5.3) (5.3) At 30 September 2021 5.1 2.7 33.5 41.3 GROUP 2020 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2019 0.4 0.1 34.2 34.7 New assets originated or purchased 0.1 0.1 12.8 13.0 Assets derecognised or repaid (excluding write offs) (0.4) - - (0.4) Transfers to Stage 1 0.4 (0.1) (0.3) - Impact of impairment losses and year end ECL of exposures transferred between stages - 1.3 22.6 23.9 Amounts written off - - (21.0) (21.0) At 30 September 2020 0.5 1.4 48.3 50.2 16. LOANS AND ADVANCES (CONT’D) (d) Card receivables (cont’d) (iii) Expected credit loss - Card receivables
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