Annual Report 2019

Explanatory Notes 30 SEPTEMBER 2019 45. FINANCIAL SUMMARY GROUP Sep-19 Sep-18 Sep-17 MUR m MUR m MUR m Statements of Profit or Loss and Other Comprehensive Income from continuing operations Interest income 1,442.6 1,189.2 1,042.4 Interest expense (388.2) (381.3) (352.1) Net interest income/(expense) 1,054.4 807.9 690.3 Fee and commission income 541.1 539.4 566.3 Other income 214.4 72.0 325.1 Net operating income 1,809.9 1,419.3 1,581.7 Operating expenses (1,148.0) (863.8) (874.4) Operating profit before impairment 661.9 555.5 707.3 Allowance for impairment (180.9) (214.3) (186.9) Impairment of investment - (0.6) - Share of results of associates (32.3) (14.7) (5.6) Foreign exchange loss 4.4 (9.3) (117.0) Share of result of joint venture - - - Profit before non-recurring items 453.1 316.6 397.8 Non-recurring items: Gain on disposal of subsidiary company - - 13.7 Net gain on business combination - 29.5 - Profit before taxation 453.1 346.1 411.5 Income tax expense (86.2) (72.7) (107.3) Profit for the year from continuing operations 366.9 273.4 304.2 Other comprehensive income for the year, net of tax (4.1) (9.5) 56.4 Total comprehensive income from continuing for the year 362.8 263.9 360.6 Profit for the year from discontinued operations 15.8 78.7 2,645.4 Profit for the year 378.6 342.6 3,006.0 Profit attributable to: Owners of the parent 382.7 351.4 2,956.2 Non controlling interests - 0.7 (6.6) 382.7 352.1 2,949.6 Total comprehensive income attributable to: Owners of the parent 378.6 338.2 3,001.6 Non controlling interests - 4.4 4.4 378.6 342.6 3,006.0 Earnings per share 0.54 0.52 4.35 Earnings per share from continuing operations 0.56 0.40 0.46 Statements of Financial Position Assets 14,810.8 17,512.7 15,368.0 Stated capital 680.5 680.5 680.5 Retained earnings 2,983.7 4,999.9 5,171.6 Other reserves 511.3 646.1 592.1 Non controlling interests - 319.4 315.0 Liabilities 10,635.3 10,866.8 8,608.8 14,810.8 17,512.7 15,368.0 Stated Capital Number of ordinary shares - issued and fully paid Units 680,522,310 680,522,310 680,522,310 CIM FINANCIAL SERVICES LTD / ANNUAL REPORT 2019 157