CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 20. INVESTMENT IN SUBSIDIARIES (CONT’D) (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 Others Cim Learning Centre Ltd Investment holding 100.0 100.0 - - - - Cim Management Services Ltd Management services 100.0 100.0 - - - - Cim Shared Services Ltd Support activities 100.0 100.0 - - - - Cim Kenya Ltd (note(iv)) Holding company 100.0 - - - - - The above subsidiaries are incorporated in Mauritius except for Cim Credit Kenya Ltd and Cim Insurance Agency Ltd which are is incorporated in Kenya. Note (i) - Subsidiary acquired during the year (refer to note 34) Note (ii) - South West Safari Group Ltd and CSBO2 Ltd were amalgamated during the year with South West Safari Group Ltd as the surviving entity Note (iii) - New Fashion Style and Design Ltd changed its name to The Belle Mare SPV Ltd during the year Note (iv) - New companies incorporated during the year Note (v) - Lavastone Ltd was previously known as Cim Property Development Ltd Note (vi) - Lavastone Properties Ltd was previously known as Cim Property Holdings Ltd 105 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018