Annual Report 2019

Statements of Cash Flows 30 SEPTEMBER 2019 GROUP COMPANY NOTES Sep-19 Sep-18 Sep-19 Sep-18 MUR m MUR m MUR m MUR m CASH FLOWS FROM OPERATING ACTIVITIES Cash (used in)/generated from operations 33 (2,414.9) (799.2) 264.4 891.0 Income tax paid (83.2) (88.4) - - Net cash flow (used in)/generated from operating activities (2,498.1) (887.6) 264.4 891.0 CASH FLOWS FROM INVESTING ACTIVITIES Dividends received 10.9 - 311.9 65.0 Proceeds from sale of financial assets 8.0 - - - Payment on share application monies - - - (102.5) Purchase of financial assets (8.1) - - - Purchase of property, plant and equipment (297.5) (114.5) - - Proceeds from sale of property, plant and equipment 33.8 24.7 - - Purchase of intangible assets (53.8) (58.9) - - Purchase of investment properties - (187.2) - - Sale of investment properties - 17.2 - - Acquisition of subsidiary, net of cash acquired 34 - (51.1) - - Investment in subsidiaries 20 - - (200.0) (121.5) Cash distributed from property segment 35 (269.9) - (170.0) - Net cash flow used in investing activities (576.6) (369.8) (58.1) (159.0) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from other borrowed funds 17,178.0 12,097.7 993.0 1,751.9 Repayment of other borrowed funds (13,842.3) (10,440.5) (1,186.6) (1,975.0) Dividends paid to shareholders of Company (156.5) (455.9) (156.5) (455.9) Net cash flow generated from/(used in) financing activities 3,179.2 1,201.3 (350.1) (679.0) Net increase/(decrease) in cash and cash equivalents 104.5 (56.1) (143.8) 53.0 Effect of exchange rate changes on cash and cash equivalents 0.8 (0.3) - (11.1) Cash and cash equivalents - opening 322.7 379.1 268.9 227.0 Cash and cash equivalents - closing 13 428.0 322.7 125.1 268.9 The explanatory notes on pages 72 to 157 form an integral part of these financial statements. Auditors’ report on pages 60 to 65. CIM FINANCIAL SERVICES LTD / ANNUAL REPORT 2019 71