Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Statements of Financial Position 30 SEPTEMBER 2020 GROUP COMPANY Notes Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m ASSETS Cash and bank balances 13 460.7 444.5 18.1 12.6 Deposits with banks 14 510.2 507.0 - - Net investment in leases and other credit agreements 15 8,374.1 8,769.1 - - Loans and advances 16 5,103.2 3,708.7 7,294.4 2,991.9 Investments in financial assets 17 28.9 8.9 20.8 0.8 Other assets 18 360.1 435.3 192.0 200.4 Inventories 19 2.0 3.7 - - Investments in subsidiaries 20 - - 1,118.1 1,130.3 Investments in associates 21 24.9 141.0 - 10.4 Equipment 22 556.3 638.9 - - Right-of-use assets 23(a) 189.3 - - - Income tax assets 11(b) - 18.3 - - Deferred tax assets 26 188.8 47.1 - - Intangible assets 24 109.8 88.3 - 0.1 Total assets 15,908.3 14,810.8 8,643.4 4,346.5 LIABILITIES Other borrowed funds 27 9,836.6 9,094.8 5,487.2 1,203.3 Other liabilities 28 1,372.0 1,438.7 5.9 3.8 Lease liabilities 23(b) 209.3 - - - Income tax liabilities 11(b) 115.6 6.1 4.6 2.7 Deferred tax liabilities 26 16.4 1.3 - - Post employment benefit liabilities 25 158.9 94.4 45.1 37.7 Total liabilities 11,708.8 10,635.3 5,542.8 1,247.5 EQUITY Stated capital 30 680.5 680.5 680.5 680.5 Retained earnings 30 3,053.7 2,983.7 2,434.3 2,422.6 Other reserves 30 465.3 511.3 (14.2) (4.1) Total equity 4,199.5 4,175.5 3,100.6 3,099.0 Total equity and liabilities 15,908.3 14,810.8 8,643.4 4,346.5 These financial statements have been approved for issue by the Board of Directors on 28 December 2020. Aisha Timol Mark van Beuningen Independent Director and Chairperson Executive Director and Group Chief Executive Officer The notes on pages 72 to 155 form an integral part of these financial statements. Auditor’s report on pages 62 to 65. 68