(iv) Expected credit loss - Factoring receivables GROUP AND COMPANY 2024 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m At 1 October 2023 1.5 – 7.2 8.7 New assets originated 0.9 – – 0.9 Assets derecognised or repaid (excluding write offs) – – (0.4) (0.4) ECL impact on transfer 0.3 – – 0.3 At 30 September 2024 2.7 – 6.8 9.5 GROUP AND COMPANY 2023 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m At 1 October 2022 2.1 – 8.0 10.1 New assets originated (0.1) – – (0.1) Assets derecognised or repaid (excluding write offs) (0.5) – (0.8) (1.3) At 30 September 2023 1.5 – 7.2 8.7 (d) Card receivables Card receivables are receivable within 3 months. (i) Credit quality - Card receivables before impairment The table below shows the credit quality and the maximum exposure to credit risk based on the Group’s internal credit rating system and year end stage classification. The amounts presented are gross of impairment allowances. Details of the Group’s internal grading system and policies on whether ECL allowances are calculated on an individual or collective basis are set out in Note 4.1 (d). GROUP AND COMPANY 2024 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m Performing 279.6 – – 279.6 Watchlist – 8.6 – 8.6 Non-performing – – 18.2 18.2 279.6 8.6 18.2 306.4 175 Introduction Group Overview Leadership Strategy & Performance Risk Management Corporate Governance Statutory Disclosures Financial
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