CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 20. INVESTMENT IN SUBSIDIARIES (a) Details pertaining to the subsidiaries Proportion of direct ownership (%) Proportion of indirect ownership (%) Proportion ownership by non controlling interest (%) Name of subsidiaries Principal activity Sep-18 Sep-17 Sep-18 Sep-17 Sep-18 Sep-17 Finance Cim Finance Ltd Credit card business, factoring, consumer finance, leasing & deposit taking 100.0 100.0 - - - - Cim Forex Ltd Forex dealer 100.0 100.0 - - - - Cim Agencies Ltd Insurance agent 100.0 100.0 - - - - Cim Credit Kenya Ltd (note(iv)) Provide hire purchase services in Kenya - - 100.0 - - - Cim Insurance Agency Ltd (note(iv)) Insurance agent - - 100.0 - - - Mauritian Eagle Leasing Company Ltd (note (i)) Leasing & deposit taking 100.0 - - - - - Investments - - Cim International Holdings Ltd Investment holding 100.0 100.0 - - - - Cim Administrators Ltd Secretarial services 100.0 100.0 - - - - Cim Ethiopia Ltd Investment holding - - 100.0 100.0 - - Key Financial Services Ltd Investment holding - - 100.0 100.0 - - The Oceanic Trust Co. Ltd Corporate trustee - - 100.0 100.0 - - Property Lavastone Ltd ((note v)) Property 100.0 100.0 - - - - Lavastone Properties Ltd ((note vi)) Property - - 100.0 100.0 - - South West Safari Group Ltd ((noteii)) Property 1.3 1.3 52.3 52.3 46.4 46.4 Le Morne Development Corp Ltd Property 31.0 31.0 29.0 29.0 20.0 20.0 San Paolo Ltd Property 59.2 59.2 - - 40.8 40.8 SWTD Bis Ltd Property 100.0 100.0 - - - - Plato Holdings Ltd Property - - 100.0 100.0 - - Edith Cavell Properties Ltd Property 100.0 100.0 - - - - La Jetee Ltd Property - - 53.6 53.6 - - Pier9 Ltd Property - - 53.6 53.6 - - B59 Ltd Property - - 100.0 100.0 - - The Belle Mare SPV Ltd (note(iii)) Dormant - - 100.0 100.0 - - 104 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018