CIM FINANCE. INTEGRATED REPORT 2022 | 153 EXPLANATORY NOTES 30 SEPTEMBER 2022 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) Other credit agreements The table below shows the credit quality and the maximum exposure to credit risk based on the Group’s internal credit rating system and year end stage classification. The amounts presented are gross of impairment allowances. Details of the Group’s internal grading system and policies on whether ECL allowances are calculated on an individual or collective basis are set out in Note 4.1(d). Gross carrying amount 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: GROUP AND COMPANY 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 5,116.0 - - 5,116.0 Watchlist - 460.9 - 460.9 Non-performing - - 1,032.2 1,032.2 5,116.0 460.9 1,032.2 6,609.1 GROUP AND COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 4,501.3 - - 4,501.3 Watchlist - 570.6 - 570.6 Non-performing - - 1,093.4 1,093.4 4,501.3 570.6 1,093.4 6,165.3 GROUP 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 As previously stated 4,598.7 582.9 1,117.1 6,298.7 Effect of prior year adjustment (note 39) (97.4) (12.3) (23.7) (133.4) As restated 4,501.3 570.6 1,093.4 6,165.3 New assets originated or purchased 3,597.0 285.0 327.0 4,209.0 Assets derecognised or repaid (excluding write offs) (2,786.8) (275.8) (511.2) (3,573.8) Transfers to Stage 1 214.6 (179.0) (35.6) - Transfers to Stage 2 (224.5) 232.6 (8.1) - Transfers to Stage 3 (184.2) (170.7) 354.9 - Amounts written off (1.4) (1.8) (188.2) (191.4) At 30 September 2022 5,116.0 460.9 1,032.2 6,609.1 COMPANY 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 As previously stated 4,598.7 582.9 1,117.1 6,298.7 Effect of prior year adjustment (note 39) (97.4) (12.3) (23.7) (133.4) As restated 4,501.3 570.6 1,093.4 6,165.3 New assets originated or purchased 3,597.0 285.0 327.0 4,209.0 Assets derecognised or repaid (excluding write offs) (2,786.8) (275.8) (511.2) (3,573.8) Transfers to Stage 1 214.6 (179.0) (35.6) - Transfers to Stage 2 (224.5) 232.6 (8.1) - Transfers to Stage 3 (184.2) (170.7) 354.9 - Amounts written off (1.4) (1.8) (188.2) (191.4) At 30 September 2022 5,116.0 460.9 1,032.2 6,609.1
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