CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 28. OTHER BORROWED FUNDS GROUP COMPANY Sep-18 Sep-17 Sep-18 Sep-17 MUR m MUR m MUR m MUR m (a) Non current Bank and other borrowings - Secured (e) 924.6 200.0 - 180.0 Bank and other borrowings - Unsecured 21.1 1,097.0 - - 945.7 1,297.0 - 180.0 Current Bank overdrafts (note 13) 203.4 126.3 - - Bank and other borrowings - Secured (e) 3,638.2 1,313.0 225.7 91.3 Bank and other borrowings - Unsecured 1,162.5 683.9 1,171.2 584.7 Medium term loan (d) - 764.0 - 764.0 5,004.1 2,887.2 1,396.9 1,440.0 Total 5,949.8 4,184.2 1,396.9 1,620.0 GROUP COMPANY Sep-18 Sep-17 Sep-18 Sep-17 (b) Non current borrowings analysed as follows: MUR m MUR m MUR m MUR m Repayable otherwise than by instalments: After one year and before two years Others 16.2 353.1 - - After two years and before three years Others 531.0 343.7 - - After three years and before five years Others 360.9 301.3 - - After five years 27.3 118.9 - - Repayable by instalments: After one year and before two years 4.6 90.0 - 90.0 After two years and before three years 2.5 90.0 - 90.0 After three years and before five years 3.2 - - - After five years - - - - 945.7 1,297.0 - 180.0 GROUP COMPANY Sep-18 Sep-17 Sep-18 Sep-17 % % % % (c) The effective interest rates at the end of the reporting period were as follows: Bank overdrafts 5.05- 6.95 5.05 - 8.25 - - Bank and other borrowings - Secured 3.20 - 6.75 3.60 - 5.85 5.55 - 5.85 5.55 - 5.85 Bank and other borrowings - Unsecured 0.75 - 4.25 0.75 - 4.20 3.55 - 4.20 3.55 - 4.20 124 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018