Annual Report 2019

Explanatory notes 30 SEPTEMBER 2019 43. FAIR VALUE OF FINANCIAL INSTRUMENTS Except for financial assets and liabilities at fair value through profit or loss, the Group does not measure its financial assets and financial liabilities at fair value. The table below shows, by class of financial instruments, the comparison of their carrying amounts with their fair values. These fair values are calculated for disclosure purposes only. Carrying amounts Fair value 30 September 2019 Level 1 Level 2 Level 3 Total MUR m MUR m MUR m MUR m MUR m Financial assets not measured at fair value Net investment in leases and other credit agreements 8,769.1 - - 8,905.5 8,905.5 Loans and advances Credit facilities 2,952.2 - - 2,957.8 2,957.8 Corporate credit facilities 158.4 - - 164.1 164.1 11,879.7 - - 12,027.4 12,027.4 Financial liabilities not measured at fair value Other borrowed funds 9,094.8 - - 9,094.8 9,094.8 9,094.8 - - 9,094.8 9,094.8 Financial instruments for which the fair value approximates the carrying amount Financial assets Cash at bank balances 444.5 Deposits with banks 507.0 Loans and advances Factoring receivables 259.0 Card receivables 339.1 Investment in financial assets 8.9 Other assets 376.6 Financial liabilities Other liabilities 1,670.8 CIM FINANCIAL SERVICES LTD / ANNUAL REPORT 2019 154