CFSL - Annual report 2018

STATEMENTS OF CASH FLOWS 30 SEPTEMBER 2018 NOTES GROUP COMPANY Sep-18 Sep-17 Sep-18 Sep-17 MUR m MUR m MUR m MUR m CASH FLOWS FROM OPERATING ACTIVITIES Cash (used in)/generated from operations 33 (799.2) (2,990.0) 891.0 (3,018.5) Income tax paid (88.4) (112.0) - - Net cash flow (used in)/generated from operating activities (887.6) (3,102.0) 891.0 (3,018.5) CASH FLOWS FROM INVESTING ACTIVITIES Dividends received - 1.7 65.0 448.9 Payment on share application monies - - (102.5) - Purchase of property, plant and equipment (114.5) (88.3) - - Proceeds from sale of property, plant and equipment 24.7 30.3 - - Purchase of intangible assets (58.9) (48.5) - - Purchase of investment properties (187.2) (38.1) - - Sale of investment properties 17.2 1.5 - - Disposal of subsidiary, net of cash disposed 35 - 2,840.2 - 3,250.4 Acquisition of subsidiary, net of cash acquired 34 (51.1) - - - Investment in subsidiaries 20 - - (121.5) (519.5) Acquisition of associates 21 - (118.8) - - Net cash flow (used in)/generated from investing activities (369.8) 2,580.0 (159.0) 3,179.8 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from other borrowed funds 12,097.7 9,097.1 1,751.9 148.0 Repayment of other borrowed funds (10,440.5) (8,459.7) (1,975.0) (218.9) Acquisition of non controlling interests 34 - (69.3) - - Dividends paid to shareholders of Company (455.9) (238.1) (455.9) (238.2) Net cash flow generated from/(used in) financing activities 1,201.3 330.0 (679.0) (309.1) Net (decrease)/increase in cash and cash equivalents (56.1) (192.0) 53.0 (147.8) Effect of exchange rate changes on cash and cash equivalents (0.3) (5.3) (11.1) (3.8) Cash and cash equivalents - opening 379.1 576.4 227.0 378.6 Cash and cash equivalents - closing 13 322.7 379.1 268.9 227.0 The explanatory notes on pages 62 to 139 form an integral part of these financial statements. Auditor’s report on pages 50 to 55. 61 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018