CFSL Integrated Report 2025

FINANCIAL

192

Risk Management

Corporate Governance

Statutory Disclosures

(ii) Gross carrying amount - Card receivables An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to card receivables are as follows: GROUP AND COMPANY 2025 STAGE 1 MUR m STAGE 2 MUR m STAGE 3 MUR m TOTAL MUR m At 1 October 2024 279.6 8.6 18.2 306.4 New assets originated or purchased 131.1 – – 131.1 Transfers on new assets originated or purchased (22.3) 7.1 15.2 – Assets derecognised or repaid (excluding write offs) (80.8) (1.4) – (82.2) Transfers to Stage 1 13.7 (6.0) (7.7) – Transfers to Stage 2 (7.5) 8.3 (0.8) – Transfers to Stage 3 (5.3) (1.0) 6.3 – Amounts written off (0.8) (0.4) (8.6) (9.8) At 30 September 2025 307.7 15.2 22.6 345.5 GROUP AND COMPANY 2024 STAGE 1 MUR m STAGE 2 MUR m STAGE 3 MUR m TOTAL MUR m At 1 October 2023 288.7 8.7 23.9 321.3 New assets originated or purchased 96.1 – – 96.1 Transfers on new assets originated or purchased (9.7) 3.3 6.4 – Assets derecognised or repaid (excluding write offs) (96.5) (0.6) (3.4) (100.5) Transfers to Stage 1 12.1 (5.6) (6.5) – Transfers to Stage 2 (4.5) 5.7 (1.2) – Transfers to Stage 3 (5.6) (2.4) 8.0 – Amounts written off (1.0) (0.5) (9.0) (10.5) At 30 September 2024 279.6 8.6 18.2 306.4 (iii) Expected credit loss - Card receivables GROUP AND COMPANY 2025 STAGE 1 MUR m STAGE 2 MUR m STAGE 3 MUR m TOTAL MUR m At 1 October 2024 6.8 1.8 10.7 19.3 New assets originated or purchased 9.0 – – 9.0 Transfers on new assets originated or purchased (8.7) 0.4 8.3 – Assets derecognised or repaid (excluding write offs) (0.1) – – (0.1) Transfers to Stage 1 5.0 (0.6) (4.4) – Transfers to Stage 2 – 0.3 (0.3) – Transfers to Stage 3 – (0.1) 0.1 – Impact of impairment losses and year end ECL of exposures transferred between stages (4.9) 0.7 3.5 (0.7) Changes to estimates and assumptions 13.5 0.9 (2.3) 12.1 Amounts written off – – (7.5) (7.5) At 30 September 2025 20.6 3.4 8.1 32.1 GROUP AND COMPANY 2024 STAGE 1 MUR m STAGE 2 MUR m STAGE 3 MUR m TOTAL MUR m At 1 October 2023 6.8 3.1 15.6 25.5 New assets originated or purchased 1.8 – – (0.4) Transfers on new assets originated or purchased (1.8) (0.2) 1.6 – Assets derecognised or repaid (excluding write offs) (0.2) – 3.9 3.7 Transfers to Stage 1 4.0 (0.8) (3.2) – Transfers to Stage 2 – 0.5 (0.5) – Transfers to Stage 3 – (0.3) 0.3 – Impact of impairment losses and year end ECL of exposures transferred between stages (3.9) 0.1 3.4 (0.4) Changes to estimates and assumptions 0.1 (0.9) (1.4) (2.2 ) Amounts written off – (0.1) (9.0) (9.1) At 30 September 2024 6.8 1.8 10.7 19.3 The contractual amount outstanding were written off and are still subject to enforcement activity amounted to MUR9.9m (2024: MUR2.0m). The changes in the loss allowance for loans and advances are explained mainly by review of ECL methodology accompanied by an increase in volume of transactions.