Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Explanatory Notes 30 SEPTEMBER 2020 44. FINANCIAL SUMMARY Sep-20 MUR m Sep-19 MUR m Sep-18 MUR m Statements of Profit or Loss and Other Comprehensive Income from continuing operations Interest income 1,714.7 1,442.6 1,189.2 Interest expense (431.4) (388.2) (381.3) Net interest income 1,283.3 1,054.4 807.9 Fee and commission income 569.2 541.1 539.4 Other income 229.5 214.4 72.0 Net operating income 2,082.0 1,809.9 1,419.3 Operating expenses (1,176.1) (1,148.0) (863.8) Operating profit before impairment 905.9 661.9 555.5 Allowance for impairment (652.6) (180.9) (214.3) Impairment of investment - - (0.6) Share of results of associates (5.7) (32.3) (14.7) Foreign exchange gain/(loss) 0.9 4.4 (9.3) Profit before non-recurring items 248.5 453.1 316.6 Non-recurring items: Net gain on derecognition of subsidiaries 13.5 - - Net gain on share buy back of associate company 6.2 - 29.5 Profit before taxation 268.2 453.1 346.1 Income tax expense (77.4) (86.2) (72.7) Profit for the year from continuing operations 190.8 366.9 273.4 Other comprehensive income for the year, net of tax (39.1) (4.1) (9.5) Total comprehensive income from continuing for the year 151.7 362.8 263.9 Profit for the year from discontinued operations - 15.8 78.7 Profit for the year 151.7 378.6 342.6 Earnings per share 0.28 0.54 0.52 Earnings per share from continuing operations 0.28 0.56 0.40 Statements of Financial Position Assets 15,908.3 14,810.8 17,512.7 Stated capital 680.5 680.5 680.5 Retained earnings 3,053.7 2,983.7 4,999.9 Other reserves 465.3 511.3 646.1 Non controlling interests - - 319.4 Liabilities 11,708.8 10,635.3 10,866.8 15,908.3 14,810.8 17,512.7 Stated Capital Number of ordinary shares - issued and fully paid Units 680,522,310 680,522,310 680,522,310 155