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  • CFSL - Abridged Audited Financial Statements - Year Ended 30 September 2022
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Abridged Audited Statements-Year Ended 30 September 2022

23 December 2022

For the year ended 30 September 2022, CIM Financial Services Ltd’s bottom line result amounted to MUR 601.3M. Whilst the Group continued to support its most affected customers with rescheduling options, progress on collection side remained steady for the year. The allowance for credit impairment on our financial assets were more or less at similar levels to prior year. The Group continues to leverage on its funding plan to maintain a sound and liquid position during these volatile times.

The Board has declared a final dividend of MUR 0.24 per share payable in respect of all the ordinary shares of the Company which will be payable to the shareholders of the Company registered at close of business on 12 January 2023. The payment of this dividend will take place on or about 27 January 2023.

The shares of the Company will be traded cum-dividend on the Stock Exchange up to the market date of 09 January 2023 and ex-dividend as from 10 January 2023.

Given the high inflationary pressures being felt both locally and abroad and the slow economic recovery, the Board will continue to exercise prudence in managing its assets and expects the performance of the Group for the next financial year to remain volatile.

By Order of the Board
Cim Administrators Ltd
Company Secretary
23 December 2022

The abridged audited financial statements of the Group for the year ended 30 September 2022 have been prepared using the same accounting policies as set out in the audited financial statements for the year ended 30 September 2022, except for the adoption of published standards that are now effective. The accounts of the financial years 2020 and 2021 have been restated due to deferred merchant discount, leasing and loan processing fees have been restated from IFRS15 Revenue from contract with customers to revenue falling under the scope of IFRS9, Financial instruments under the Effective Interest Rate (EIR). These abridged audited financial statements are issued pursuant to Mauritian Listing Rule 12.14 and the Mauritian Securities Act 2005.

Copies of the statement of direct and indirect interests of Officers pursuant to rule 8(2)(m) of the Mauritian Securities (Disclosure Obligations of Reporting Issuers) Rules 2007 and the financial statements are available free of charge upon request made to the Company Secretary at the
registered office of CIM Financial Services Ltd.

The Board of Directors of CIM Financial Services Ltd accepts full responsibility for the accuracy of the
information contained therein.

Click here to view abridged audited financial statements for the year ended 30 September 2022.