CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 15. NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS (CONT’D) GROUP Finance leases Other credit agreements Total MUR m MUR m MUR m 30 September 2017 Gross investment Within one year 926.5 3,398.3 4,324.8 After one year and before five years 1,844.8 1,479.6 3,324.4 After five years 52.6 - 52.6 2,823.9 4,877.9 7,701.8 Unearned future finance income (381.5) (423.0) (804.5) 2,442.4 4,454.9 6,897.3 Less allowance for credit impairment Portfolio provision (23.7) (80.3) (104.0) Specific provision (26.2) (157.4) (183.6) 2,392.5 4,217.2 6,609.7 Present value of minimum lease payments analysed as follows Within one year 763.6 3,061.8 3,825.4 After one year and before five years 1,629.1 1,393.1 3,022.2 After five years 49.7 - 49.7 2,442.4 4,454.9 6,897.3 Allowance for credit impairment Portfolio provision At 1 October 2016 22.3 51.2 73.5 Net provision for credit impairment 1.4 29.1 30.5 At 30 September 2017 23.7 80.3 104.0 Specific Provision At 1 October 2016 41.9 141.7 183.6 Net provision for credit impairment 16.5 97.4 113.9 Amounts written off (32.2) (81.7) (113.9) At 30 September 2017 26.2 157.4 183.6 16. LOANS AND ADVANCES GROUP COMPANY Sep-18 Sep-17 Sep-18 Sep-17 MUR m MUR m MUR m MUR m Credit facilities (a) 2,086.6 1,543.8 - - Corporate loans (b) 269.5 267.5 1,105.5 2,294.6 Factoring receivables 240.3 222.1 - - Card receivables 425.8 453.8 - - 3,022.2 2,487.2 1,105.5 2,294.6 Less allowance for credit impairment (c) (156.6) (119.6) - - 2,865.6 2,367.6 1,105.5 2,294.6 99 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018