CFSL Integrated Report 2025

181

Introduction

Group Overview

Leadership

Strategy & Performance

Explanatory Notes 30 September 2025 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONTINUED) Gross carrying amount (continued) An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to other credit agreements is as follows: GROUP AND COMPANY 2024 STAGE 1 STAGE 2 STAGE 3 TOTAL MUR m MUR m MUR m MUR m At 1 October 2023 5,965.5 458.6 903.7 7,327.8 New assets originated or purchased 5,343.4 – – 5,343.4 Transfers on new assets originated or purchased (499.7) 244.6 255.1 – Assets derecognised or repaid (excluding write offs) (3,574.0) (228.7) (372.9) (4,175.6) Transfers to Stage 1 271.4 (162.2) (109.2) – Transfers to Stage 2 (213.1) 249.9 (36.8) – Transfers to Stage 3 (245.2) (137.2) 382.4 – Amounts written off (0.7) (1.6) (151.4) (153.7) At 30 September 2024 7,047.6 423.4 870.9 8,341.9

Expected credit loss GROUP AND COMPANY

2025

STAGE 1 TOTAL MUR m MUR m MUR m MUR m STAGE 2 STAGE 3

136.3 227.0

20.3

536.6

693.2 227.0

At 1 October 2024

–

–

New assets originated or purchased

(200.1) (32.8)

0.1

200.0

–

Transfers on new assets originated or purchased Assets derecognised or repaid (excluding write offs)

(2.9) (3.0)

(71.8) (25.5) (14.6)

(107.5)

28.5

– – –

Transfers to Stage 1 Transfers to Stage 2 Transfers to Stage 3

(2.4) (2.8)

17.0

(2.7)

5.5

(26.6)

(13.3)

101.8

61.9 19.9

Impact of year end ECL of exposures transferred between stages Changes to estimates and assumptions used for ECL calculations

29.7

25.2

(35.0) (173.4)

–

–

(173.4)

Amounts written off

156.8

40.7

523.6

721.1

–

–

29.0

29.0

Interest in suspense At 30 September 2025

156.8

40.7

552.6

750.1

GROUP AND COMPANY

2024

STAGE 1 TOTAL MUR m MUR m MUR m MUR m STAGE 2 STAGE 3

At 1 October 2023

149.4 310.0

25.6

560.2

735.2 310.0

–

–

New assets originated or purchased

(184.8)

17.6

167.2

–

Transfers on new assets originated or purchased Assets derecognised or repaid (excluding write offs)

(61.0)

(5.9) (8.3)

(87.1) (34.5) (11.8)

(154.0)

42.8

– – –

Transfers to Stage 1 Transfers to Stage 2 Transfers to Stage 3

(4.2) (4.8)

16.0

(6.1)

10.9 94.1

(39.0) (72.1)

(10.5)

44.6

Impact of year end ECL of exposures transferred between stages Changes to estimates and assumptions used for ECL calculations

(8.0) (0.1)

(14.1)

(94.2)

–

(148.3)

(148.4)

Amounts written off At 30 September 2024

136.3 693.2 The contractual amount outstanding which were written off for net investments in lease and other credit agreements and are still subject to enforcement activity amounted to MUR174.4m (2024: MUR40.4m). Interest income on the net investment in the lease is disclosed in Note 5(a). The changes in the loss allowance are explained mainly by review of ECL methodology accompanied by an increase in volume of transactions. 20.3 536.6