CIM FINANCE. INTEGRATED REPORT 2022 | 167 EXPLANATORY NOTES 30 SEPTEMBER 2022 (iii) Expected credit loss - Card receivables 16. LOANS AND ADVANCES (CONT’D) (d) Card receivables (Cont’d) (ii) Gross carrying amount - Card receivables (Cont’d) GROUP 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 192.6 45.4 77.4 315.4 New assets originated or purchased 66.9 14.0 12.9 93.8 Assets derecognised or repaid (excluding write offs) (66.8) (5.4) (27.8) (100.0) Transfers to Stage 1 37.6 (26.5) (11.1) - Transfers to Stage 2 (19.5) 24.6 (5.1) - Transfers to Stage 3 (5.2) (7.4) 12.6 - Amounts written off - - (5.3) (5.3) At 30 September 2021 205.6 44.7 53.6 303.9 COMPANY 2021 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2020 - - - - Amalgamation adjustment 192.6 45.4 77.4 315.4 New assets originated or purchased 66.9 14.0 12.9 93.8 Assets derecognised or repaid (excluding write offs) (66.8) (5.4) (27.8) (100.0) Transfers to Stage 1 37.6 (26.5) (11.1) - Transfers to Stage 2 (19.5) 24.6 (5.1) - Transfers to Stage 3 (5.2) (7.4) 12.6 - Amounts written off - - (5.3) (5.3) At 30 September 2021 205.6 44.7 53.6 303.9 GROUP 2022 Stage 1 Stage 2 Stage 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2021 5.1 2.7 33.5 41.3 New assets originated or purchased 0.5 - - 0.5 Assets derecognised or repaid (excluding write offs) (0.2) - (1.8) (2.0) Transfers to Stage 1 5.7 (0.1) (5.6) - Transfers to Stage 2 - 1.1 (1.1) - Impact of impairment losses and year end ECL of exposures transferred between stages (5.4) (1.1) 2.2 (4.3) Changes to estimates and assumptions - (1.9) (3.0) (4.9) Amounts written off - - (7.4) (7.4) At 30 September 2022 5.7 0.7 16.8 23.2
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