(iii) Expected credit loss - Card receivables GROUP & COMPANY 2024 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m At 1 October 2023 6.8 3.1 15.6 25.5 New assets originated or purchased 0.2 (0.7) 0.1 (0.4) Assets derecognised or repaid (excluding write offs) (0.2) – 3.9 3.7 Transfers to Stage 1 4.0 (0.8) (3.2) – Transfers to Stage 2 – 0.5 (0.5) – Transfers to Stage 3 – (0.3) 0.3 – Impact of impairment losses and year end ECL of exposures transferred between stages (3.9) 0.1 3.4 (0.4) Amounts written off – (0.1) (9.0) (9.1) At 30 September 2024 6.9 1.8 10.6 19.3 GROUP & COMPANY 2023 Stage 1 MUR m Stage 2 MUR m Stage 3 MUR m Total MUR m At 1 October 2022 5.7 0.7 16.8 23.2 New assets originated or purchased (1.5) – – (1.5) Transfers on new assets originated or purchased 2.7 1.5 (4.2) – Assets derecognised or repaid (excluding write offs) (0.1) – 1.9 1.8 Transfers to Stage 1 0.4 – (0.4) – Impact of impairment losses and year end ECL of exposures transferred between stages (0.4) 0.6 7.4 7.6 Changes to estimates and assumptions – 0.3 – 0.3 Amounts written off – – (5.9) (5.9) At 30 September 2023 6.8 3.1 15.6 25.5 The contractual amount outstanding were written off and are still subject to enforcement activity amounted to MUR2.0m (2023: MUR6.6m). 177 Introduction Group Overview Leadership Strategy & Performance Risk Management Corporate Governance Statutory Disclosures Financial
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