CIM FINANCE. INTEGRATED REPORT 2022 | 147 EXPLANATORY NOTES 30 SEPTEMBER 2022 13. CASH AND CASH EQUIVALENTS GROUP COMPANY Sep-22 MUR m Sep-21 MUR m Sep-22 MUR m Sep-21 MUR m Cash and bank balances 681.8 341.8 593.3 280.7 Loans at call receivable (note 18) - - - 32.9 Bank overdrafts (72.7) (24.5) (5.3) (1.7) Cash and cash equivalents 609.1 317.3 588.0 311.9 The bank overdrafts are secured by floating charges on the assets of the borrowing companies. The rate of interest varies between 2.7% and 6.3% for the year 2021 for the loans. The rate of interest varies between 5.15% and 12% for 2022 (2021: 3.45% and 12%) for the bank overdrafts. 14.DEPOSITS WITH BANKS GROUP COMPANY Sep-22 MUR m Sep-21 MUR m Sep-22 MUR m Sep-21 MUR m Deposit with banks 483.3 426.7 483.3 426.7 Expected credit loss (0.4) (0.6) (0.4) (0.6) 482.9 426.1 482.9 426.1 The deposit with banks are analysed as follows: Current 131.0 125.2 131.0 125.2 Non current 351.9 300.9 351.9 300.9 482.9 426.1 482.9 426.1 GROUP COMPANY Gross carrying amount ECL Gross carrying amount ECL Stage1 Stage1 Stage1 Stage1 MUR m MUR m MUR m MUR m At 1 October 2021 426.7 0.6 426.7 0.6 Additions 188.0 (0.2) 188.0 (0.2) Recovered (131.2) - (131.2) - Movement in ECL (0.2) - (0.2) - At 30 September 2022 483.3 0.4 483.3 0.4 GROUP COMPANY Gross carrying amount ECL Gross carrying amount ECL Stage1 Stage1 Stage1 Stage1 MUR m MUR m MUR m MUR m At 1 October 2020 510.8 0.6 - - Amalgamation effect - - 510.8 0.6 Additions 102.1 - 102.1 - Transfer (48.2) - (48.2) - Recovered (138.0) - (138.0) - At 30 September 2021 426.7 0.6 426.7 0.6 The above deposits carry interest rates ranging between 1.25% and 3.05% and havematurity dates ranging from June 2023 to November 2026. All the deposits are performing and classified under stage 1.
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