CIM FINANCE. INTEGRATED REPORT 2022 | 161 EXPLANATORY NOTES 30 SEPTEMBER 2022 16. LOANS AND ADVANCES (CONT’D) (iii) Gross carrying amount - Corporate credit facilities An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to Corporate Credit facilities is as follows: GROUP 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 74.0 0.3 87.9 162.2 On acquisition 28.5 - - 28.5 New assets originated 56.6 1.5 6.1 64.2 Assets derecognised or repaid (excluding write offs) (47.3) (0.5) (4.6) (52.4) Transfers to Stage 1 0.3 (0.3) - - Transfers to Stage 2 - 0.6 (0.6) - At 30 September 2022 112.1 1.6 88.8 202.5 COMPANY 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 302.0 0.3 88.0 390.3 New assets originated 978.3 2.3 6.4 987.0 Assets derecognised or repaid (excluding write offs) (47.3) (0.5) (4.6) (52.4) Transfers to Stage 1 0.3 (0.3) - - Transfers to Stage 2 - 0.6 (0.6) - At 30 September 2022 1,233.3 2.4 89.2 1,324.9 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 7,320.5 - - 7,320.5 Amalgamation adjustment (7,050.8) - 57.0 (6,993.8) New assets originated 31.6 - 3.7 35.3 Assets derecognised or repaid (excluding write offs) (42.2) - - (42.2) Transfer from Credit facilities 42.9 0.3 27.3 70.5 At 30 September 2021 302.0 0.3 88.0 390.3 GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 69.9 - 57.0 126.9 New assets originated 3.4 - 3.6 7.0 Assets derecognised or repaid (excluding write offs) (42.2) - - (42.2) Transfer from Credit facilities 42.9 0.3 27.3 70.5 At 30 September 2021 74.0 0.3 87.9 162.2
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