Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 13. CASH AND CASH EQUIVALENTS 14. DEPOSITS WITH BANKS GROUP COMPANY Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m Cash and bank balances 460.7 444.5 18.1 12.6 Loans at call receivable (note 18) - - 143.4 112.5 Bank overdrafts (note 27) - (16.5) - - Cash and cash equivalents 460.7 428.0 161.5 125.1 The bank overdrafts are secured by floating charges on the assets of the borrowing companies (note 27 (a)). The rate of interest varies between 3.45% and 12% (2019: 4.90% and 6.95%). GROUP COMPANY Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m Deposit with banks 510.8 507.6 - - Expected credit loss (0.6) (0.6) - - 510.2 507.0 - - The deposit with banks are analysed as follows: Current 310.6 9.0 - - Non current 199.6 498.0 - - 510.2 507.0 - - GROUP COMPANY Gross carrying amount ECL Gross carrying amount ECL Stage1 Stage1 Stage1 Stage1 MUR m MUR m MUR m MUR m At 1 October 2019 507.6 0.6 - - Additions 3.2 - - - At 30 September 2020 510.8 0.6 - - GROUP COMPANY Gross carrying amount ECL Gross carrying amount ECL Stage1 Stage1 Stage1 Stage1 MUR m MUR m MUR m MUR m At 1 October 2018 1,026.0 1.3 524.5 0.7 Additions 6.1 - - - Repayments (524.5) (0.7) (524.5) (0.7) At 30 September 2019 507.6 0.6 - - The above deposits carry interest rates ranging between 3.65% and 4.30% and have maturity dates ranging from February 2021 to June 2023. All the deposits are performing and classified under stage 1. 113