Annual Report 2019

Explanatory Notes 30 SEPTEMBER 2019 6. FEE AND COMMISSION INCOME GROUP COMPANY Sep-19 Sep-18 Sep-19 Sep-18 MUR m MUR m MUR m MUR m Fees for services provided over time Fees relating to card activities and agency commission 206.4 197.0 - - Fees for services provided at a point in time Factoring fees 17.6 14.7 - - Other fees and commission Merchant and other commission 219.2 246.9 - - Other fees 97.9 80.8 - - 541.1 539.4 - - Merchant and other commission are recognised and released to profit and loss in accordance with note 2.6(d). Other fees include late payment fees, commitment fees, signing fees and fees related to other credit agreements. 7. OTHER OPERATING INCOME GROUP COMPANY Sep-19 Sep-18 Sep-19 Sep-18 MUR m MUR m MUR m MUR m Other income * 73.3 66.7 - - Operating lease income 129.5 35.9 - - Profit/loss on disposal of property, plant and equipment 3.8 (1.6) - - Change in fair value of foreign currency forward contracts - (32.0) - (33.3) Change in fair value of debt instruments 8.2 3.0 8.2 3.0 Change in fair value of equity instrument at FVTPL (0.4) - (0.4) - 214.4 72.0 7.8 (30.3) *Main components of other income include management fees, service charges and administration fees. 8. EMPLOYEE BENEFIT EXPENSES GROUP COMPANY Sep-19 Sep-18 Sep-19 Sep-18 MUR m MUR m MUR m MUR m Wages, salaries and related expenses 524.6 423.4 9.1 6.8 Pension and other retirement benefit costs 50.0 42.3 2.3 2.4 574.6 465.7 11.4 9.2 9. OTHER OPERATING EXPENSES GROUP COMPANY Sep-19 Sep-18 Sep-19 Sep-18 MUR m MUR m MUR m MUR m Administration 330.8 228.5 11.8 13.3 Professional fees 35.0 69.0 13.8 27.4 Advertising and marketing 34.6 20.9 - - 400.4 318.4 25.6 40.7 CIM FINANCIAL SERVICES LTD / ANNUAL REPORT 2019 108