CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 45. FINANCIAL SUMMARY GROUP Sep-18 Sep-17 Sep-16 MUR m MUR m MUR m Statements of Profit or Loss and Other Comprehensive Income from continuing operations Interest income 1,189.2 1,042.4 833.2 Interest expense (382.0) (352.1) (303.5) Net interest income/(expense) 807.2 690.3 529.7 Fee and commission income 539.4 566.3 513.7 Other income 235.7 325.1 365.9 Net operating income 1,582.3 1,581.7 1,409.3 Operating expenses (931.5) (874.4) (866.0) Operating profit before impairment 650.8 707.3 543.3 Allowance for impairment (214.9) (186.9) (147.1) Gain on revaluation of investment properties - - - Share of results of associates (14.7) (5.6) 15.4 Foreign exchange loss (9.3) (117.0) (7.3) Share of result of joint venture - 0.7 Profit before non-recurring items 411.9 397.8 405.0 Non-recurring items: Gain on disposal of subsidiary company - 13.7 47.0 Net gain on business combination 29.5 - 21.3 Profit before taxation 441.4 411.5 473.3 Income tax expense (89.3) (107.3) (70.1) Profit for the year from continuing operations 352.1 304.2 403.2 Other comprehensive income for the year, net of tax (9.5) 56.4 23.6 Total comprehensive income from continuing for the year 342.6 360.6 426.8 Profit for the year from discontinued operations - 2,645.4 253.1 Profit for the year 342.6 3,006.0 679.9 Profit attributable to: Owners of the parent 351.4 2,956.2 664.4 Non controlling interests 0.7 (6.6) (8.1) 352.1 2,949.6 656.3 Total comprehensive income attributable to: Owners of the parent 338.2 3,001.6 688.0 Non controlling interests 4.4 4.4 (8.1) 342.6 3,006.0 679.9 Earnings per share 0.52 4.35 0.98 Earnings per share from continuing operations 0.52 0.46 0.60 Statements of Financial Position Assets 17,512.7 15,368.0 11,743.6 Stated capital 680.5 680.5 680.5 Retained earnings 4,999.9 5,171.6 2,395.6 Other reserves 646.1 592.1 451.8 Non controlling interests 319.4 315.0 384.5 Liabilities 10,866.8 8,608.8 7,831.2 17,512.7 15,368.0 11,743.6 Stated Capital Number of ordinary shares - issued and fully paid Units 680,522,310 680,522,310 680,522,310 139 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018