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 Interest income and other income Subsidiaries - - 199.5 87.8 Associates 2.2 - - - Purchase of goods and services from Companies with common shareholders 9.3 8.0 - 0.2 Purchase of plant and equipment Companies with common shareholders 13.1 70.5 - - Dividend income Subsidiaries - - 140.0 301.0 Associates 2.5 10.9 - 10.9 Financial charges Subsidiaries - - 6.1 6.6 Loans payable to Subsidiaries - - 110.0 170.0 Loans and leases receivable from Companies with common shareholders 95.7 - - - Subsidiaries - - 7,294.5 2,991.9 Amount owed by Companies with common shareholders 96.0 120.6 - 33.5 Subsidiaries - - 190.2 166.9 Amount owed to Companies with common shareholders 39.3 63.6 - - Remuneration of key management personnel Short term employee benefit 132.1 179.7 6.8 6.2 Long term employee benefit 6.8 7.3 - - Post employment benefit 1.6 - - - Explanatory Notes 30 SEPTEMBER 2020 37. RELATED PARTY TRANSACTIONS During the year the Group transacted with related parties. Transactions which are not dealt with elsewhere in the financial statements are as follows: The above transactions have been made at arms’ length, on normal commercial terms and in the normal course of business. The Group has given guarantees to related companies as per Note 36. The Group has recorded impairment of loans and intercompany receivables relating to amounts owed by related parties. The impairment assessments of these companies were based on ECL. 146