CFSL Integrated Report 2025

177

Introduction

Group Overview

Leadership

Strategy & Performance

Explanatory Notes 30 September 2025 14. DEPOSITS WITH BANKS (CONTINUED) (a) Deposit with banks continued

GROUP & COMPANY

Gross carrying amount Stage 1 MUR m

ECL Stage 1 MUR m

491.1

0.4

At 1 October 2023

2,552.8

– –

Additions Recovered

(2,317.6)

–

0.2

Movement in ECL Exchange difference At 30 September 2024

1.3

–

727.6 0.6 The credit rating of the banks with which the Group and the Company have deposits are Ba3 for a total deposit of MUR414.6m (2024: MUR515.5m), Baa3 for a total deposit of MUR224.7 (2024: MUR212.1m). The Group Assets and Liabilities Commitee (ALCO) discuss the credit ratings of counterparties on a regular basis and at the reporting date does not expect any losses from non-performance by the counterparties. The above deposits carry interest rates ranging between 2.8% and 5.3% and have maturity dates ranging from November 2025 to November 2026. All the deposits are performing and classified under stage 1.

15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS

Finance leases

Other credit agreements

GROUP AND COMPANY 30 September 2025

Total

MUR m MUR m MUR m

Gross investment Within one year

1,353.1 1,214.9 1,070.2

5,493.3 3,522.4 1,401.8

6,846.4 4,737.3 2,472.0 1,023.9

After one year and before two years After two years and before three years After three years and before four years After four years and before five years

849.4 626.7 619.6

174.5

– –

626.7 619.6

After five years

5,733.9

10,592.0 (1,673.3)

16,325.9 (2,659.6) 13,666.3

(986.3)

Unearned future finance income

4,747.6

8,918.7

(126.5)

(750.1)

(876.6)

Expected credit loss

4,621.1

8,168.6

12,789.7

Present value of lease payments before impairment analysed as follows:

1,024.3

4,430.2 3,039.8 1,448.7

5,454.5 4,003.4 3,631.2

Within one year

963.6

After one year and before two years After two years and before five years

2,182.5

577.2

–

577.2

After five years

4,747.6

8,918.7

13,666.3

Representing: Current receivables

1,024.3 3,723.3 4,747.6

4,430.2 4,488.5 8,918.7 3,877.4 4,291.2 8,168.6

5,454.5 8,211.8

Non current receivables

13,666.3

Net Amount represented by: Current receivables

975.1

4,852.5 7,937.2

3,646.0 4,621.1

Non current receivables

12,789.7

The Group and Company have no unguaranteed residual value for finance leases as at 30 September 2025 (2024: Nil)