| CIM FINANCE. INTEGRATED REPORT 2022 156 EXPLANATORY NOTES 30 SEPTEMBER 2022 16. LOANS AND ADVANCES (ii) Credit quality - Credit facilities The table below shows the credit quality and the maximum exposure to credit risk based on the Company’s internal credit rating system and year end stage classification. The amounts presented are gross of impairment allowances. Details of the Company’s internal grading systemand policies onwhether ECL allowances are calculated on an individual or collective basis are set out in Note 4.1 (d). GROUP COMPANY Sep-22 MUR m Sep-21 MUR m Sep-22 MUR m Sep-21 MUR m Restated Restated Credit facilities (a) 7,343.2 6,313.3 7,266.9 6,264.2 Corporate credit facilities (b) 202.5 162.2 1,324.9 390.3 Factoring receivables (c) 98.0 139.0 98.0 139.0 Card receivables (d) 307.0 303.9 307.0 303.9 7,950.7 6,918.4 8,996.8 7,097.4 Expected credit loss (870.9) (580.1) (882.4) (595.1) 7,079.8 6,338.3 8,114.4 6,502.3 Expected credit loss is analysed as follows: GROUP COMPANY Sep-22 MUR m Sep-21 MUR m Sep-22 MUR m Sep-21 MUR m Restated Restated Credit facilities (a) 781.4 475.9 766.8 464.8 Corporate credit facilities (b) 56.2 47.3 82.3 73.4 Factoring receivables (c) 10.1 15.6 10.1 15.6 Card receivables (d) 23.2 41.3 23.2 41.3 870.9 580.1 882.4 595.1 GROUP COMPANY Sep-22 MUR m Sep-21 MUR m Sep-22 MUR m Sep-21 MUR m (a) Credit facilities (i) Credit facilities receivables breakdown before impairment: Within one year 2,769.8 2,184.4 2,693.5 2,140.8 After one year and before five years 4,573.4 4,125.8 4,573.4 4,120.3 After five years - 3.1 - 3.1 7,343.2 6,313.3 7,266.9 6,264.2 GROUP 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 5,564.6 - - 5,564.6 Watchlist - 523.5 - 523.5 Non-performing - - 1,255.1 1,255.1 5,564.6 523.5 1,255.1 7,343.2 COMPANY 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 5,526.5 - - 5,526.5 Watchlist - 515.7 - 515.7 Non-performing - - 1,224.7 1,224.7 5,526.5 515.7 1,224.7 7,266.9
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