CFSL Integrated Report 2022

CIM FINANCE. INTEGRATED REPORT 2022 | 151 EXPLANATORY NOTES 30 SEPTEMBER 2022 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) Net investment in leases (Cont’d) Gross carrying amount (Cont’d) Expected credit loss GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 As previously stated 1,861.0 757.0 393.3 3,011.3 Effect of prior year adjustment (note 39) (3.0) (1.2) (0.6) (4.8) As restated 1,858.0 755.8 392.7 3,006.5 New assets originated or purchased 466.9 60.0 16.6 543.5 Assets derecognised or repaid (excluding write offs) (758.4) (158.3) (72.3) (989.0) 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) (58.7) (59.0) At 30 September 2021 1,766.8 443.3 291.9 2,502.0 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 26.7 26.9 151.0 204.6 Effect of acquisition of subsidiary 19.3 3.2 26.1 48.6 New assets originated or purchased 3.7 3.2 5.2 12.1 Assets derecognised or repaid (excluding write offs) (10.6) (3.6) (27.7) (41.9) Transfers to Stage 1 21.2 (12.5) (8.7) - Transfers to Stage 2 (1.9) 20.2 (18.3) - Transfers to Stage 3 (0.5) (2.2) 2.7 - Impact of year end ECL of exposures transferred between stages (19.4) (14.7) 29.4 (4.7) Changes to estimates and assumptions used for ECL calculations (1.4) (2.0) (22.0) (25.4) Amounts written off - - (27.9) (27.9) At 30 September 2022 37.1 18.5 109.8 165.4 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 Effect of prior year adjustment (note 39) (3.0) (1.2) (0.6) (4.8) As restated 1,858.0 755.8 392.7 3,006.5 New assets originated or purchased 466.9 60.0 16.6 543.5 Assets derecognised or repaid (excluding write offs) (758.4) (158.3) (72.3) (989.0) 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) (58.7) (59.0) At 30 September 2021 1,766.8 443.3 291.9 2,502.0 COMPANY GROUP

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