CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS GROUP Finance leases Other credit agreements Total MUR m MUR m MUR m 30 September 2018 Gross investment Within one year 1,296.0 3,579.3 4,875.3 After one year and before five years 2,207.7 1,896.6 4,104.3 After five years 85.1 - 85.1 3,588.8 5,475.9 9,064.7 Unearned future finance income (433.9) (574.2) (1,008.1) 3,154.9 4,901.7 8,056.6 Less allowance for credit impairment Portfolio provision (29.6) (80.8) (110.4) Specific provision (82.3) (226.2) (308.5) 3,043.0 4,594.7 7,637.7 Present value of minimum lease payments analysed as follows Within one year 1,108.4 3,179.3 4,287.7 After one year and before five years 1,965.8 1,722.4 3,688.2 After five years 80.7 - 80.7 3,154.9 4,901.7 8,056.6 Allowance for credit impairment Portfolio provision At 1 October 2017 23.7 80.3 104.0 Net provision for credit impairment - 0.5 0.5 Acquisition of subsidiary 5.9 - 5.9 At 30 September 2018 29.6 80.8 110.4 Specific Provision At 1 October 2017 26.2 157.4 183.6 Opening balance on acquisition 61.8 - 61.8 Net provision for credit impairment (2.5) 152.9 150.4 Amounts written off (3.2) (84.1) (87.3) At 30 September 2018 82.3 226.2 308.5 98 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018