Annual Report 2019

Explanatory Notes 30 SEPTEMBER 2019 18. OTHER ASSETS (CONT’D) (b) Consumable biological assets Sep-19 Sep-18 GROUP MUR m MUR m Livestock At 1 October 3.2 2.0 Additions - 1.8 Cost of sales - (1.1) Distribution of disposal group (3.2) - Gain arising from changes in fair value - 0.5 At 30 September - 3.2 (c) Receivable from subsidiaries Receivables from subsidiary and related companies are unsecured and carry an interest rate ranging from 4.3% to 8.5%. An analysis of the changes in the gross carrying amounts and the corresponding ECL allowance is as follows : Receivables from subsidiaries Gross carrying amount ECL Stage 1 Stage 1 MUR m MUR m At 1 October 2018 44.8 0.4 Additions 10.6 0.1 At 30 September 2019 55.4 0.5 Loan at call to subsidiaries Gross carrying amount ECL Stage 1 Stage 1 MUR m MUR m At 1 October 2018 161.0 0.5 Additions 24.5 0.2 Repayments (73.0) (0.2) At 30 September 2019 112.5 0.5 The share application monies relate to contribution towards equity shares in subsidiaries which were not yet issued by the subsidiaries at 30 September 2018. The shares were issued during the year. The share application monies include MUR 102.5m of cash injection during the year and MUR 472.5m transferred from loans and advances. 19. INVENTORIES Sep-19 Sep-18 GROUP MUR m MUR m Cost Consumables 3.7 5.6 20. INVESTMENT IN SUBSIDIARIES Sep-19 Sep-18 COMPANY MUR m MUR m At 1 October 1,922.8 1,786.5 Additions 978.5 205.8 Share buyback - (69.5) Impairment (49.9) - Distribution of investments (1,721.1) - At 30 September 1,130.3 1,922.8 Additions during the year include MUR 608.5M of non cash consideration. In December 2018, all the Companies held in the property segment were restructured under Lavastone Ltd and the shares held by the Company in Lavastone Ltd were distributed to the shareholders of the Company. Impairment charged during the year pertains to Cim International Holding Ltd which has been written down to its recoverable amount. CIM FINANCIAL SERVICES LTD / ANNUAL REPORT 2019 124