| CIM FINANCE. INTEGRATED REPORT 2022 154 EXPLANATORY NOTES 30 SEPTEMBER 2022 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) Other credit agreements (Cont’d) Gross carrying amount (Cont’d) 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: Expected credit loss COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 Amalgamation adjustment 4,028.4 1,029.1 1,120.0 6,177.5 Effect of prior year adjustment (note 39) (82.4) (21.1) (22.9) (126.4) As restated 3,946.0 1,008.0 1,097.1 6,051.1 New assets originated or purchased 3,154.5 373.4 299.5 3,827.4 Assets derecognised or repaid (excluding write offs) (2,595.6) (441.8) (539.8) (3,577.2) Transfers to Stage 1 378.8 (320.5) (58.3) - Transfers to Stage 2 (206.2) 227.5 (21.3) - Transfers to Stage 3 (175.7) (275.4) 451.1 - Amounts written off (0.5) (0.6) (134.9) (136.0) At 30 September 2021 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 46.1 32.0 597.6 675.7 New assets originated or purchased 34.7 6.2 195.2 236.1 Assets derecognised or repaid (excluding write offs) (11.6) (1.8) (41.2) (54.6) Transfers to Stage 1 5.2 (2.1) (3.1) - Transfers to Stage 2 (1.6) 3.0 (1.4) - Transfers to Stage 3 (1.5) (2.6) 4.1 - Impact of year end ECL of exposures transferred between stages (3.8) (0.4) 90.6 86.4 Changes to estimates and assumptions used for ECL calculations 9.9 (14.4) 25.0 20.5 Amounts written off - - (185.6) (185.6) At 30 September 2022 77.4 19.9 681.2 778.5 GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 As previously stated 4,028.4 1,029.1 1,120.0 6,177.5 Effect of prior year adjustment (note 39) (82.4) (21.1) (22.9) (126.4) As restated 3,946.0 1,008.0 1,097.1 6,051.1 New assets originated or purchased 3,154.5 373.4 299.5 3,827.4 Assets derecognised or repaid (excluding write offs) (2,595.6) (441.8) (539.8) (3,577.2) Transfers to Stage 1 378.8 (320.5) (58.3) - Transfers to Stage 2 (206.2) 227.5 (21.3) - Transfers to Stage 3 (175.7) (275.4) 451.1 - Amounts written off (0.5) (0.6) (134.9) (136.0) At 30 September 2021 4,501.3 570.6 1,093.4 6,165.3
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