Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 GROUP COMPANY (a) Interest income Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m Interest income using EIR method Credit facilities 823.9 391.7 - - Corporate credit facilities 8.7 13.5 199.5 87.8 Credit Cards 67.8 78.6 - - Factoring 16.5 16.0 - - Placements with financial institutions 16.4 50.0 - - 933.3 549.8 199.5 87.8 Other interest income Finance leases 216.1 210.1 - - Other credit agreements 565.3 682.7 - - Debt at FVTPL - - 0.3 30.8 781.4 892.8 0.3 30.8 1,714.7 1,442.6 199.8 118.6 GROUP Sep-20 MUR m Sep-19 MUR m Fees for services provided over time Fees relating to card activities and agency commission 176.8 206.4 Fees for services provided at a point in time Factoring fees 10.4 17.6 Other fees and commission Merchant and other commission 252.0 219.2 Other fees 130.0 97.9 569.2 541.1 Merchant and other commission are recognised and released to profit and loss in accordance with note 2.7(e). Other fees include late payment fees, commitment fees, signing fees and fees related to other credit agreements. GROUP COMPANY Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m Other income * 97.4 73.3 - - Operating lease income 129.7 129.5 - - Profit on disposal of property, plant and equipment 2.4 3.8 - - Change in fair value of debt instruments - 8.2 - 8.2 Change in fair value of equity instrument at FVTPL - (0.4) - (0.4) 229.5 214.4 - 7.8 *Main components of other income include management fees, service charges and administration fees. GROUP COMPANY (b) Interest expense Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m Bank overdrafts 3.3 1.6 - - Bank loans and other loans 417.0 386.6 138.8 39.3 Leases (note 23) 11.1 - - - 431.4 388.2 138.8 39.3 Net interest income 1,283.3 1,054.4 61.0 79.3 5. NET INTEREST INCOME 6. FEE AND COMMISSION INCOME 7. OTHER OPERATING INCOME 109