CIM FINANCE. INTEGRATED REPORT 2022 | 157 EXPLANATORY NOTES 30 SEPTEMBER 2022 16. LOANS AND ADVANCES (CONT’D) (a) Credit facilities (Cont’d) (ii) Credit quality - Credit facilities (cont’d) (iii) Gross carrying amount - Credit facilities An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to credit facilities is as follows: GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 4,758.2 - - 4,758.2 Watchlist - 640.0 - 640.0 Non-performing - - 915.1 915.1 4,758.2 640.0 915.1 6,313.3 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 4,744.8 - - 4,744.8 Watchlist - 634.1 - 634.1 Non-performing - - 885.3 885.3 4,744.8 634.1 885.3 6,264.2 GROUP 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 As previously stated 4,823.4 648.7 927.2 6,399.3 Effect of prior year adjustment (note 39) (65.1) (8.7) (12.2) (86.0) As restated 4,758.3 640.0 915.0 6,313.3 New assets originated 3,028.7 252.4 329.7 3,610.8 Assets derecognised or repaid (excluding write offs) (1,944.8) (203.7) (370.3) (2,518.8) Transfers to Stage 1 258.8 (206.4) (52.4) - Transfers to Stage 2 (265.7) 273.6 (7.9) - Transfers to Stage 3 (269.2) (230.4) 499.6 - Amounts written off (1.5) (2.0) (58.6) (62.1) At 30 September 2022 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 At 1 October 2021 As previously stated 4,810.0 642.8 897.4 6,350.2 Effect of prior year adjustment (note 39) (65.1) (8.7) (12.2) (86.0) As restated 4,744.9 634.1 885.2 6,264.2 Amalgamation adjustment - - - - New assets originated 2,970.8 247.1 320.5 3,538.4 Assets derecognised or repaid (excluding write offs) (1,908.6) (205.1) (373.6) (2,487.3) Transfers to Stage 1 248.5 (203.7) (44.8) - Transfers to Stage 2 (265.0) 273.0 (8.0) - Transfers to Stage 3 (264.1) (229.7) 493.8 - Amounts written off - - (48.4) (48.4) At 30 September 2022 5,526.5 515.7 1,224.7 7,266.9
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