Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Finance Investments Group elimination Total MUR m MUR m MUR m MUR m Year ended 30 September 2020 Gross operating income 2,480.2 463.8 (430.6) 2,513.4 Interest expense (487.1) (149.9) 205.6 (431.4) Net operating income 1,993.1 313.9 (225.0) 2,082.0 Operating expenses (1,051.7) (349.4) 225.0 (1,176.1) Operating profit/(loss) before impairment 941.4 (35.5) - 905.9 Allowance for credit impairment (599.2) (53.4) - (652.6) Operating profit/(loss) before impairment 342.2 (89.9) - 253.3 Foreign exchange gain/(loss) 1.2 (0.3) - 0.9 Profit from disposal of subsidiaries - 13.5 - 13.5 Profit from disposal of associates - 6.2 - 6.2 Share of results of associates - (5.7) - (5.7) Profit/(loss) before tax 343.4 (75.2) - 268.2 Income tax expense (37.6) (39.8) - (77.4) Profit/(loss) for the year 305.8 (115.0) - 190.8 Assets 16,210.8 7,923.9 (8,226.4) 15,908.3 Liabilities 13,877.8 6,072.4 (8,241.4) 11,708.8 Capital expenditure 140.3 29.3 - 169.6 Investments in associates - 24.9 - 24.9 Depreciation and amortisation 206.4 16.0 - 222.4 Explanatory Notes 30 SEPTEMBER 2020 38. BUSINESS SEGMENTS 147