CIM FINANCE. INTEGRATED REPORT 2022 | 165 EXPLANATORY NOTES 30 SEPTEMBER 2022 16. LOANS AND ADVANCES (CONT’D) (c) Factoring receivables (iv) Expected credit loss - Factoring receivables (cont’d) GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 1.0 - 16.2 17.2 New assets originated 1.0 - - 1.0 Assets derecognised or repaid (excluding write offs) (0.2) - - (0.2) Changes to estimates and assumptions 0.5 - - 0.5 Amounts written off - - (2.9) (2.9) At 30 September 2021 2.3 - 13.3 15.6 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 - - - - Amalgamation adjustment 1.0 - 16.2 17.2 New assets originated 1.0 - - 1.0 Assets derecognised or repaid (excluding write offs) (0.2) - - (0.2) Changes to estimates and assumptions 0.5 - - 0.5 Amounts written off - - (2.9) (2.9) At 30 September 2021 2.3 - 13.3 15.6 COMPANY 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 - - 0.2 Assets derecognised or repaid (excluding write offs) (1.0) - (5.2) (6.2) Transfers to Stage 3 (0.1) - 0.1 - Impact of impairement losses and year end ECL of exposures transferred between stages - - 1.0 1.0 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
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