CFSL Integrated Report 2025

FINANCIAL

190

Risk Management

Corporate Governance

Statutory Disclosures

Factoring receivables (i) Factoring receivables breakdown before impairment:

(c)

GROUP & COMPANY Sep-25 MUR m

Sep-24 MUR m

315.4

197.4

Receivable from customers

(256.3)

(69.8)

Fund of guarantee

59.1 127.6 Fund of guarantee represents the portion of the receivables from customers for which the Company has not financed. (ii) Credit quality - Factoring receivables 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 AND COMPANY

2025

STAGE 1 MUR m

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m

52.4

– – –

–

52.4

Performing

–

6.7 6.7

6.7

Non-performing

52.4

59.1

GROUP AND COMPANY

2024

STAGE 1 MUR m

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m

120.8

– – –

–

120.8

Performing

–

6.8 6.8

6.8

Non-performing

120.8

127.6

(iii) Gross carrying amount - Factoring debtors An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to credit facilities is as follows:

GROUP AND COMPANY

2025

STAGE 1 MUR m

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m

120.8

– – – – – – –

6.8

127.6

At 1 October 2024

4.4

–

4.4

New assets originated or purchased

(0.1)

0.1

–

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

(72.8)

(72.8)

0.1

(0.1) (0.1)

–

Transfers to Stage 1 Amounts written off

–

(0.1)

52.4

6.7

59.1

At 30 September 2025

GROUP AND COMPANY

2024

STAGE 1 MUR m

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m

73.8 68.5

– – –

7.2

81.0 68.5

At 1 October 2023

–

New assets originated or purchased

(21.5)

(0.4)

(21.9)

Assets derecognised or repaid (excluding write offs)

120.8

–

6.8

127.6

At 30 September 2024