(iv) Expected credit loss - Credit facilities GROUP 2024 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m At 1 October 2023 150.9 40.7 673.1 864.7 New assets originated 146.9 27.6 233.7 408.2 Assets derecognised or repaid (excluding write offs) (50.4) (8.6) (89.8) (148.8) Transfers to Stage 1 51.5 (11.8) (39.7) – Transfers to Stage 2 (5.1) 26.9 (21.8) – Transfers to Stage 3 (4.6) (9.9) 14.5 – ECL Impact on transfer (45.7) (16.3) 107.9 45.9 Changes to estimates and assumptions used for ECL calculations (77.1) (10.0) (14.1) (101.2) Exchange difference 0.7 0.4 2.8 3.9 Amounts written off (0.2) (0.7) (174.9) (175.8) At 30 September 2024 166.9 38.3 691.7 896.9 COMPANY 2024 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m At 1 October 2023 147.5 36.6 662.6 846.7 New assets originated 142.8 22.5 224.8 390.1 Assets derecognised or repaid (excluding write offs) (47.9) (8.0) (88.4) (144.3) Transfers to Stage 1 51.4 (11.7) (39.7) – Transfers to Stage 2 (4.9) 26.6 (21.7) – Transfers to Stage 3 (3.9) (9.0) 12.9 – ECL impact on transfer (45.5) (16.8) 102.0 39.7 Changes to estimates and assumptions used for ECL calculations (77.1) (10.0) (14.1) (101.2) Amounts written off – (0.1) (165.3) (165.4) At 30 September 2024 162.4 30.1 673.1 865.6 Explanatory Notes 30 September 2024 16. LOANS AND ADVANCES continued 168
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