Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 41. FAIR VALUE OF FINANCIAL INSTRUMENTS 30 September 2020 Carrying amounts Fair value Level 1 Level 2 Level 3 Total MUR m MUR m MUR m MUR m MUR m Financial assets not measured at fair value Net investment in leases and other credit agreements 8,374.1 - - 8,753.8 8,753.8 Loans and advances Credit facilities 4,526.5 - - 4,714.9 4,714.9 Corporate credit facilities 109.3 - - 119.0 119.0 13,009.9 - - 13,587.7 13,587.7 Financial liabilities not measured at fair value Other borrowed funds 9,836.6 - - 9,836.6 9,836.6 9,836.6 - - 9,836.6 9,836.6 Financial instruments for which the fair value approximates the carrying amount Financial assets Cash at bank balances 460.7 Deposits with banks 510.2 Loans and advances Factoring receivables 202.2 Card receivables 265.2 Investment in financial assets 28.9 Other assets 313.2 Financial liabilities Other liabilities 1,409.6 Except for financial assets and liabilities at fair value through profit or loss, the Group does not measure its financial assets and financial liabilities at fair value. The table below shows, by class of financial instruments, the comparison of their carrying amounts with their fair values. These fair values are calculated for disclosure purposes only. 150