CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 12. OTHER COMPREHENSIVE INCOME (CONT’D) Actuarial Reserve COMPANY MUR m Year ended 30 September 2018 Items that will not be reclassified to profit or loss Remeasurement of post employment benefit (note 25) (4.5) (4.5) Year ended 30 September 2017 Items that may be reclassified subsequently to profit or loss Remeasurement of post employment benefit (note 25) 0.7 0.7 Translation reserve The translation reserve comprises all foreign currency differences arising from the translation of the financial statements. Actuarial reserve The actuarial reserve represents the cumulative remeasurement of defined benefit obligation recognised. 13. CASH AND CASH EQUIVALENTS GROUP COMPANY Sep-18 Sep-17 Sep-18 Sep-17 MUR m MUR m MUR m MUR m Cash and bank balances 526.1 505.4 107.9 113.5 Loans at call receivable (note 18) - - 161.0 113.5 Bank overdrafts (note 28) (203.4) (126.3) - - Cash and cash equivalents 322.7 379.1 268.9 227.0 The bank overdrafts are secured by floating charges on the assets of the borrowing companies. The rate of interest varies between 5.05% and 6.95% (2017: 5.05% and 8.25%). 14. DEPOSITS WITH BANKS GROUP COMPANY Sep-18 Sep-17 Sep-18 Sep-17 MUR m MUR m MUR m MUR m Deposit with banks 1,026.0 2,738.9 524.5 2,256.1 The deposit with banks are analysed as follows: Current 530.0 2,391.8 524.5 2,256.1 Non current 496.0 347.1 - - 1,026.0 2,738.9 524.5 2,256.1 The above deposits carry interest rates ranging between 2.30% and 5.70% and have maturity dates ranging from January 2019 to June 2023. 97 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018