CFSL Integrated Report 2022

| CIM FINANCE. INTEGRATED REPORT 2022 190 29. DIVIDENDS COMPANY Sep-22 MUR m Sep-21 MUR m Amounts recognised as distributions to equity holders in the year: Final dividend declared in December 2021 for year ended 30 September 2021 MUR 0.20 136.1 - Interim dividend declared in June 2022 MUR 0.11(2021: MUR 0.10) 74.8 68.0 210.9 68.0 COMPANY 2022 & 2021 No of shares Ordinary shares Million MUR m No par value shares 680.5 680.5 30. EQUITY Stated Capital The Company has authorised and issued 680,522,310 shares of no par value issued at the reporting date. All shares are fully paid and carry equal voting rights. The ordinary shares are classified as equity. Capital Reserves The capital reserves comprise mainly of the previous Statutory Reserve and General Banking Reserve that were set aside for unforeseeable losses under the Mauritian Banking Act for one subsidiary of the Group. As the subsidiary is no longer regulated by the Bank of Mauritius, these reserves are no longer legally required. Nonetheless, the board would prefer to maintain these reserves separately from retained earnings. These undistributable reserves are available to be freely transferred within equity if management chooses to do so. Otherwise, they are available for distribution on winding up. Retained Earnings Retained earnings arise from the accumulation of profits from the profit or loss less any dividends payable for the period. Actuarial Reserves Actuarial reserves arise on remeasurement of net defined benefit liability. Remeasurement of the net defined benefit liability, which comprises actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), is recognised immediately in other comprehensive income in the period in which they occur. Remeasurements recognised in other comprehensive income are not reclassified to profit or loss in subsequent periods. Amalgamation Reserves The amalgamation reserves comprise of an amount of MUR587.4m which occurred upon the amalgamation of entities of the Group which were under common control. The Company adopted accounting principles similar to the pooling-ofinterest method based on predecessor values and the amalgamation reserve arose as a result of the elimination of the share capital and the investments in the related companies. Other Reserves Reserves not dealt in above are accounted as other reserves and include mainly Foreign exchange reserves. The directors have proposed dividends of MUR 0.24 per share on 23 December 2022. These dividends have not been provided for in the statement of final position as at 30 September 2022. EXPLANATORY NOTES 30 SEPTEMBER 2022

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