| CIM FINANCE. INTEGRATED REPORT 2022 164 EXPLANATORY NOTES 30 SEPTEMBER 2022 16. LOANS AND ADVANCES (CONT’D) (c) Factoring receivables (cont’d) (iii) Gross carrying amount - Factoring debtors (cont’d) (iv) Expected credit loss - Factoring receivables COMPANY 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 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 - - - - Amalgamation adjustment 196.4 6.9 16.1 219.4 New assets originated or purchased 81.9 0.4 1.0 83.3 Assets derecognised or repaid (excluding write offs) (157.0) (3.8) - (160.8) Transfers to Stage 1 1.5 (1.5) - - Transfers to Stage 3 0.9 - (0.9) - Amounts written off - - (2.9) (2.9) At 30 September 2021 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 2.3 - 13.3 15.6 New assets originated 0.2 - 0.9 1.1 Assets derecognised or repaid (excluding write offs) (1.0) - (5.1) (6.1) Transfers to Stage 3 (0.1) - 0.1 - Changes to estimates and assumptions 0.7 - 0.1 0.8 Amounts written off - - (1.3) (1.3) At 30 September 2022 2.1 - 8.0 10.1 GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 196.4 6.9 16.1 219.4 New assets originated or purchased 81.9 0.4 1.0 83.3 Assets derecognised or repaid (excluding write offs) (157.0) (3.8) - (160.8) Transfers to Stage 1 1.5 (1.5) - - Transfers to Stage 3 0.9 - (0.9) - Amounts written off - - (2.9) (2.9) At 30 September 2021 123.7 2.0 13.3 139.0
RkJQdWJsaXNoZXIy MzQ3MjQ5