CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 16. LOANS AND ADVANCES (CONT’D) GROUP COMPANY Sep-18 Sep-17 Sep-18 Sep-17 MUR m MUR m MUR m MUR m (a) Credit facilities receivables breakdown: Within one year 762.4 502.6 - - After one year and before five years 1,324.1 1,041.2 - - After five years 0.1 - - - 2,086.6 1,543.8 - - (b) Corporate loans receivables breakdown: Within one year 85.1 55.5 1,036.4 1,626.5 After one year and before five years 147.0 173.6 69.1 668.1 After five years 37.4 38.4 - - 269.5 267.5 1,105.5 2,294.6 (c) Movements on the provision for impairment are as follows: GROUP Credit facilities Corporate loans Factoring receivables Card receivables Total At 1 October 2017 49.5 2.7 20.8 46.5 119.5 Charge for the year 52.2 - - 15.9 68.1 Amounts written off (3.3) - (0.2) (27.5) (31.0) At 30 September 2018 98.4 2.7 20.6 34.9 156.6 Made up of: Specific provision 71.4 - 18.4 24.7 114.5 Portfolio provision 27.0 2.7 2.2 10.2 42.1 98.4 2.7 20.6 34.9 156.6 At 1 October 2016 30.3 11.5 14.9 49.7 106.4 Charge for the year 19.3 (4.0) 16.5 17.6 49.4 Amounts written off - (4.8) (10.6) (20.8) (36.2) At 30 September 2017 49.6 2.7 20.8 46.5 119.6 Made up of: Specific provision 15.6 9.9 13.7 37.6 76.8 Portfolio provision 34.0 (7.2) 7.1 8.9 42.8 49.6 2.7 20.8 46.5 119.6 100 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018