16 LOANS AND ADVANCES Continued (b) Corporate credit facilities Continued (iii) Gross carrying amount - Corporate credit facilities Continued 2022 Stage 1 Stage 2 Stage 3 Total GROUP MUR m MUR m MUR m MUR m At 1 October 2021 74.0 0.3 87.9 162.2 Acquisition of subsidiary 28.5 – – 28.5 New assets originated 64.2 – – 64.2 Transfers on new assets originated (7.6) 1.5 6.1 – Assets derecognised or repaid (excluding write offs) (47.3) (0.5) (4.6) (52.4) Transfers to Stage 1 0.3 (0.3) – – Transfers to Stage 2 – 0.6 (0.6) – At 30 September 2022 112.1 1.6 88.8 202.5 2023 Stage 1 Stage 2 Stage 3 Total COMPANY MUR m MUR m MUR m MUR m At 1 October 2022 1,233.3 2.4 89.2 1,324.9 Amalgamation adjustment (886.2) – – (886.2) New assets originated 237.7 – – 237.7 Transfers on new assets originated (72.0) 2.0 70.0 – Assets derecognised or repaid (excluding write offs) (71.9) (1.1) (53.9) (126.9) Transfers to Stage 1 0.2 (0.2) – – Transfers to Stage 2 (2.9) 2.9 – – Transfers to Stage 3 (238.6) (1.6) 240.2 – Amounts written off – – (3.5) (3.5) At 30 September 2023 199.6 4.4 342.0 546.0 2022 Stage 1 Stage 2 Stage 3 Total COMPANY MUR m MUR m MUR m MUR m At 1 October 2021 302.0 0.3 88.0 390.3 New assets originated 987.0 – – 987.0 Transfers on new assets originated (8.7) 2.3 6.4 – Assets derecognised or repaid (excluding write offs) (47.3) (0.5) (4.6) (52.4) Transfers to Stage 1 0.3 (0.3) – – Transfers to Stage 2 – 0.6 (0.6) – At 30 September 2022 1,233.3 2.4 89.2 1,324.9 EXPLANATORY NOTES 30 SEPTEMBER 2023 158 CIM FINANCE ANNUAL REPORT
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