2023 Stage 1 Stage 2 Stage 3 Total COMPANY MUR m MUR m MUR m MUR m At 1 October 2022 22.4 16.2 82.1 120.7 Amalgamation adjustment 14.6 2.3 27.8 44.7 New assets originated or purchased 36.8 – – 36.8 Transfers on new assets originated or purchased (17.0) 0.5 16.5 – Assets derecognised or repaid (excluding write offs) (15.2) (4.3) (35.8) (55.3) Transfers to Stage 1 12.2 (2.9) (9.3) – Transfers to Stage 2 (0.8) 6.1 (5.3) – Transfers to Stage 3 (0.9) (1.8) 2.7 – Impact of year end ECL of exposures transferred between stages (11.8) (4.9) 35.6 18.9 Changes to estimates and assumptions used for ECL calculations (1.2) – – (1.2) Amounts written off (0.2) (0.1) (4.9) (5.2) At 30 September 2023 38.9 11.1 109.4 159.4 2022 Stage 1 Stage 2 Stage 3 Total GROUP MUR m MUR m MUR m MUR m At 1 October 2021 26.7 26.9 151.0 204.6 Acquisition of subsidiary 19.3 3.2 26.1 48.6 New assets originated or purchased 12.1 – – 12.1 Transfers on new assets originated or purchased (8.4) 3.2 5.2 – Assets derecognised or repaid (excluding write offs) (10.6) (3.6) (27.7) (41.9) Transfers to Stage 1 21.2 (12.5) (8.7) – Transfers to Stage 2 (1.9) 20.2 (18.3) – Transfers to Stage 3 (0.5) (2.2) 2.7 – Impact of year end ECL of exposures transferred between stages (19.4) (14.7) 29.4 (4.7) Changes to estimates and assumptions used for ECL calculations (1.4) (2.0) (22.0) (25.4) Amounts written off – – (27.9) (27.9) At 30 September 2022 37.1 18.5 109.8 165.4 2022 Stage 1 Stage 2 Stage 3 Total COMPANY MUR m MUR m MUR m MUR m At 1 October 2021 26.7 26.9 151.0 204.6 New assets originated or purchased 12.1 – – 12.1 Transfers on new assets originated or purchased (8.4) 3.2 5.2 – Assets derecognised or repaid (excluding write offs) (10.6) (3.6) (27.7) (41.9) Transfers to Stage 1 14.0 (10.9) (3.1) – Transfers to Stage 2 (1.0) 15.8 (14.8) – Transfers to Stage 3 (0.1) (1.3) 1.4 – Impact of year end ECL of exposures transferred between stages (12.5) (12.2) 19.2 (5.5) Changes to estimates and assumptions used for ECL calculations 2.2 (1.7) (21.2) (20.7) Amounts written off – – (27.9) (27.9) At 30 September 2022 22.4 16.2 82.1 120.7 Included in Finance leases an amount of repossessed assets of MUR 24.3m (2022: MUR 5.2m). During the year, a loss of MUR 1.3m (2022: MUR 0.7m) was received on sale of MUR 4.9m (2022: MUR 2.8m) of repossessed assets. 149 OUR YEAR AT A GLANCE OUR PEOPLE GOVERNANCE FINANCIAL STATEMENTS
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