CFSL Integrated Report 2025

FINANCIAL

186

Risk Management

Corporate Governance

Statutory Disclosures

COMPANY

2024

STAGE 1 MUR m

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m

147.5 390.1

36.6

662.6

846.7 390.1

At 1 October 2023

–

–

New assets originated

(247.3) (47.9)

22.5

224.8

–

Transfers on new assets originated

(8.0)

(88.4) (39.7) (21.7)

(144.3)

Assets derecognised or repaid (excluding write offs)

51.4

(11.7)

– – –

Transfers to Stage 1 Transfers to Stage 2 Transfers to Stage 3 ECL Impact on transfer

(4.9) (3.9)

26.6

(9.0)

12.9

(45.5) (77.1)

(16.8) (10.0)

102.0

39.7

Changes to estimates and assumptions used for ECL calculations

(14.1)

(101.2) (165.4)

–

(0.1)

(165.3)

Amounts written off At 30 September 2024

162.4 865.6 The contractual amount outstanding were written off and are still subject to enforcement activity amounted to MUR173.7m (2024: MUR140.0m) (b) Corporate credit facilities (i) Corporate loans recievables breakdown before impairement GROUP COMPANY 30.1 673.1

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m 1,336.4

Sep-24 MUR m

240.9

289.3 402.1

587.5

Within one year

1,622.2

291.0

80.6

After one year and before five years

–

–

–

–

After five years

1,863.1

691.4

1,627.4

668.1

(ii) Credit quality - Corporate credit facilities 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

2025

STAGE 1 MUR m 1,628.2

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m 1,628.2

–

– –

Performing

– –

107.1

107.1 127.8

Watchlist

–

127.8 127.8

Non-performing

1,628.2

107.1

1,863.1

GROUP

2024

STAGE 1 MUR m 1,288.9

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m 1,288.9

–

– –

Performing

– –

169.3

169.3 169.2

Watchlist

–

169.2

Non-performing

1,288.9

169.3

169.2

1,627.4