Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD GROUP COMPANY Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m Trade receivables 7.0 - - - Less impairment (1.8) - - - 5.2 - - - Prepayments 46.9 58.7 1.8 - Other receivables 308.0 376.6 - 33.5 360.1 435.3 1.8 33.5 Receivable from subsidiaries (a) - - 48.0 55.4 Loan at call to subsidiaries (a) (note 13) - - 143.4 112.5 Expected credit loss (a) - - (1.2) (1.0) - - 190.2 166.9 360.1 435.3 192.0 200.4 The carrying amount of other assets approximate their fair values due to their short term nature. (a) Receivable from subsidiaries Receivables from subsidiary and related companies are unsecured and carry an interest rate ranging from 4.3% to 8.5%. An analysis of the changes in the gross carrying amounts and the corresponding ECL allowance is as follows : Receivables from subsidiaries Gross carrying amount ECL Stage 1 Stage 1 MUR m MUR m At 1 October 2019 55.4 0.5 Repayments (7.4) - At 30 September 2020 48.0 0.5 Loan at call to subsidiaries Gross carrying amount ECL Stage 1 Stage 1 MUR m MUR m At 1 October 2019 112.5 0.5 Additions 162.9 0.5 Repayments (132.0) (0.3) At 30 September 2020 143.4 0.7 Explanatory Notes 30 SEPTEMBER 2020 18. OTHER ASSETS 19. INVENTORIES 20. INVESTMENTS IN SUBSIDIARIES GROUP Sep-20 MUR m Sep-19 MUR m Cost Consumables 2.0 3.7 COMPANY Sep-20 MUR m Sep-19 MUR m At 1 October 1,130.3 1,922.8 Additions - 978.5 Impairment (12.2) (49.9) Distribution of investments - (1,721.1) At 30 September 1,118.1 1,130.3 (a) Impairment of investments As at 30 September 2020, the Company assessed for impairment of its investments in subsidiaries, in accordance with IAS 36 – Impairment of Assets where a value in use approach has been used. Subsequently, an impairment charge of MUR 12.2M was recognised which pertains to Cim International Holding Ltd and Cim Learning Centre Ltd, both Investment holding companies written down to their recoverable amount. 126