CFSL Integrated Report 2025

191

Introduction

Group Overview

Leadership

Strategy & Performance

Explanatory Notes 30 September 2025 16. LOANS AND ADVANCES (CONTINUED) (c) Factoring receivables (continued) (iv) Expected credit loss - Factoring receivables

GROUP AND COMPANY

2025

STAGE 1 MUR m

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m

At 1 October 2024

2.7 0.1

– – – – –

6.8

9.5 0.1

New assets originated

– –

Assets derecognised or repaid (excluding write offs)

(0.3)

(0.3)

Transfers to Stage 1 Transfers to Stage 3

0.1

(0.1)

– –

(0.3)

0.3

Impact of impairment losses and year end ECL of exposures transferred between stages

(0.1)

–

–

(0.1)

Changes to estimates and assumptions

– – –

–

(0.3)

(0.3) (0.1)

Write off

–

(0.1)

1.9

6.9

8.8

At 30 September 2025

GROUP AND COMPANY

2024

STAGE 1 MUR m

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m

At 1 October 2023

1.5 0.9

– – – –

7.2

8.7 0.9

New assets originated

–

Assets derecognised or repaid (excluding write offs)

–

(0.4)

(0.4)

ECL Impact on transfer

0.3 2.7

–

0.3 9.5

6.8

At 30 September 2024

–

Card receivables Card receivables are receivable within 3 months. (i) Credit quality - Card receivables before impairment

(d)

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

307.7

–

– –

307.7

Performing

– –

15.2

15.2 22.6

Watchlist

–

22.6 22.6

Non-performing

307.7

15.2

345.5

GROUP AND COMPANY

2024

STAGE 1 MUR m

STAGE 2 MUR m

STAGE 3 MUR m

TOTAL MUR m

Performing

279.6

–

– –

279.6

Watchlist

– –

8.6

8.6

Non-performing

–

18.2 18.2

18.2

279.6

8.6

306.4