CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 18. OTHER ASSETS GROUP COMPANY Sep-18 Sep-17 Sep-18 Sep-17 MUR m MUR m MUR m MUR m Trade receivables (a) 1.9 2.4 - - Less impairment (b) - - - - 1.9 2.4 - - Prepayments 67.4 58.7 - 9.5 Share application monies - - 575.0 - Other receivables 603.6 483.4 167.2 169.8 Consumer biological assets (c) 3.2 2.0 - - 676.1 546.5 742.2 179.3 Receivable from subsidiaries - - 44.8 85.1 Loan at call to subsidiaries - - 161.0 113.5 - - 205.8 198.6 676.1 546.5 948.0 377.9 The carrying amount of other assets approximate their fair values due to their short term nature. Receivables from subsidiary and related companies are unsecured and carry an interest rate ranging from 4.3% to 8.5%. The share application monies relate to contribution towards equity shares in subsidiaries which were not yet issued by the subsidiaries at the reporting date. The share application monies include MUR 102.5m of cash injection during the year and MUR 472.5m transferred from loans and advances. Other receivables include commission receivable, card clearing accounts and deferred consideration on disposal of the Global Business segment. These are unsecured, interest free and are receivable within 3 months. (a) Ageing of trade receivables GROUP Less than 3 months 3 to 6 months More than 6 months Total 2018 MUR m MUR m MUR m MUR m Trade receivables 1.3 - 0.6 1.9 Less impairment - - - - 1.3 - 0.6 1.9 2017 MUR m MUR m MUR m MUR m Trade receivables 1.0 1.1 0.3 2.4 Less impairment - - - - 1.0 1.1 0.3 2.4 (b) Impairment of trade receivables Sep-18 Sep-17 GROUP MUR m MUR m At 1 October - 15.7 Disposal of subsidiaries - (15.7) At 30 September - - 102 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018