(d) Card receivables continued (i) Credit quality - Card receivables before impairment continued GROUP AND COMPANY 2023 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m Performing 288.7 – – 288.7 Watchlist – 8.7 – 8.7 Non-performing – – 23.9 23.9 288.7 8.7 23.9 321.3 (ii) Gross carrying amount - Card receivables An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to credit facilities is as follows: GROUP & COMPANY 2024 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m At 1 October 2023 288.7 8.7 23.9 321.3 New assets originated or purchased 86.4 3.3 6.4 96.1 Assets derecognised or repaid (excluding write offs) (96.5) (0.6) (3.4) (100.5) Transfers to Stage 1 12.1 (5.6) (6.5) – Transfers to Stage 2 (4.5) 5.7 (1.2) – Transfers to Stage 3 (5.6) (2.4) 8.0 – Amounts written off (1.0) (0.5) (9.0) (10.5) At 30 September 2024 279.6 8.6 18.2 306.4 GROUP & COMPANY 2023 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m At 1 October 2022 268.0 16.8 22.2 307.0 New assets originated or purchased 101.4 – – 101.4 Transfers on new assets originated or purchased (8.8) 2.4 6.4 – Assets derecognised or repaid (excluding write offs) (70.0) (0.8) (9.4) (80.2) Transfers to Stage 1 10.9 (9.7) (1.2) – Transfers to Stage 2 (5.2) 5.8 (0.6) – Transfers to Stage 3 (6.8) (5.6) 12.4 – Amounts written off (0.8) (0.2) (5.9) (6.9) At 30 September 2023 288.7 8.7 23.9 321.3 Explanatory Notes 30 September 2024 16. LOANS AND ADVANCES continued 176
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