Integrated Report 2020

INTEGRATED REPORT 2020 CIM FINANCIAL SERVICES LTD Statements of Cash Flows 30 SEPTEMBER 2020 GROUP COMPANY Notes Sep-20 MUR m Sep-19 MUR m Sep-20 MUR m Sep-19 MUR m CASH FLOWS FROM OPERATING ACTIVITIES Cash (absorbed in)/generated from operations 32 (686.8) (2,411.7) (4,256.3) 226.0 Interest paid (322.4) (399.9) (77.6) (36.4) Interest received 603.0 466.6 122.9 78.1 Income tax paid 11 (44.1) (83.2) (6.4) - Net cash flow (used in)/generated from operating activities (450.3) (2,428.2) (4,217.4) 267.7 CASH FLOWS FROM INVESTING ACTIVITIES Dividends received - 10.9 140.0 311.9 Proceeds from sale of financial assets - 8.0 - - Purchase of financial assets (20.0) (8.1) - - Purchase of equipment 22 (115.4) (297.5) - - Proceeds from sale of equipment 43.2 33.8 - - Purchase of intangible assets 24 (54.2) (53.8) - - Proceeds from share buy back of associate company 33 118.4 - - - Derecognition of subsidiary, net of cash acquired 33 (2.1) - - - Investment in subsidiaries - - - (200.0) Cash distributed from property segment - (269.9) - (170.0) Net cash flow (used in)/generated from investing activities (30.1) (576.6) 140.0 (58.1) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from other borrowed funds 27 8,718.4 17,177.9 6,485.2 993.0 Repayment of other borrowed funds 27 (8,072.6) (13,912.1) (2,262.5) (1,189.9) Principal paid on lease liabilities (13.1) - - - Interest paid on lease liabilities 23 (11.1) - - - Dividends paid (108.9) (156.5) (108.9) (156.5) Net cash flow generated from/(used in) financing activities 512.7 3,109.3 4,113.8 (353.4) Net increase/(decrease) in cash and cash equivalents 32.3 104.5 36.4 (143.8) Cash and cash equivalents - opening 428.0 322.7 125.1 268.9 Effect of exchange rate changes on cash and cash equivalents 0.4 0.8 - - Cash and cash equivalents - closing 13 460.7 428.0 161.5 125.1 The notes on pages 72 to 155 form an integral part of these financial statements. Auditor’s report on pages 62 to 65. 71