CFSL Integrated Report 2022

CIM FINANCE. INTEGRATED REPORT 2022 | 163 EXPLANATORY NOTES 30 SEPTEMBER 2022 16. LOANS AND ADVANCES (CONT’D) (c) Factoring receivables (i) Factoring receivables breakdown before impairment: Fund of guarantee represents the portion of the receivables from customers for which the Company has not financed. (ii) Credit quality - Factoring receivables The table below shows the credit quality and themaximumexposure to credit risk based on the Group’s internal credit rating systemand year end stage classification. The amounts presented are gross of impairment allowances. Details of the Group’s internal grading systemand policies onwhether ECL allowances are calculated on an individual or collective basis are set out in Note 4.1 (d). (iii) Gross carrying amount - Factoring debtors An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to Credit facilities is as follows: GROUP & COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 123.7 - - 123.7 Watchlist - 2.0 - 2.0 Non-performing - - 13.3 13.3 123.7 2.0 13.3 139.0 GROUP 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 123.7 2.0 13.3 139.0 New assets originated or purchased 29.4 - 0.8 30.2 Assets derecognised or repaid (excluding write offs) (62.8) (1.8) (5.3) (69.9) Transfers to Stage 3 (0.2) (0.2) 0.4 - Amounts written off - - (1.3) (1.3) At 30 September 2022 90.1 - 7.9 98.0 GROUP & COMPANY 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m Performing 90.1 - - 90.1 Non-performing - - 7.9 7.9 90.1 - 7.9 98.0 GROUP COMPANY Sep-22 MUR m Sep-21 MUR m Sep-22 MUR m Sep-21 MUR m Receivable from customers 194.8 264.7 194.8 264.7 Fund of guarantee (96.8) (125.7) (96.8) (125.7) 98.0 139.0 98.0 139.0

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