| CIM FINANCE. INTEGRATED REPORT 2022 162 EXPLANATORY NOTES 30 SEPTEMBER 2022 16. LOANS AND ADVANCES (CONT’D) (b) Corporate credit facilities (cont’d) (iv) Expected credit loss - Corporate credit facilities (cont’d) GROUP 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 3.0 0.1 44.2 47.3 New assets originated 5.1 0.1 - 5.2 Assets derecognised or repaid (excluding write offs) (1.0) - (2.8) (3.8) Transfers to Stage 2 - 0.6 (0.6) - Impact of impairment losses and year end ECL of exposures transferred between stages - (0.6) - (0.6) Changes to estimates and assumptions used for ECL calculations 1.5 0.4 6.2 8.1 At 30 September 2022 8.6 0.6 47.0 56.2 COMPANY COMPANY 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 29.3 0.1 44.0 73.4 New assets originated 5.1 0.1 - 5.2 Assets derecognised or repaid (excluding write offs) (1.0) - (2.8) (3.8) Transfers to Stage 2 - 0.6 (0.6) - Impact of impairment losses and year end ECL of exposures transferred between stages - (0.6) - (0.6) Changes to estimates and assumptions used for ECL calculations 1.5 0.4 6.2 8.1 At 30 September 2022 34.9 0.6 46.8 82.3 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 26.1 - - 26.1 Amalgamation adjustment 0.7 - 16.9 17.6 New assets originated - - 4.7 4.7 Assets derecognised or repaid (excluding write offs) (0.4) - - (0.4) Reclassification 2.3 - 15.1 17.4 Changes to estimates and assumptions used for ECL calculations 0.6 0.1 7.3 8.0 At 30 September 2021 29.3 0.1 44.0 73.4 GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 0.5 - 17.1 17.6 New assets originated - - 4.7 4.7 Assets derecognised or repaid (excluding write offs) (0.4) - - (0.4) Reclassification 2.3 - 15.1 17.4 Changes to estimates and assumptions used for ECL calculations 0.6 0.1 7.3 8.0 At 30 September 2021 3.0 0.1 44.2 47.3
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