| CIM FINANCE. INTEGRATED REPORT 2022 194 37. DISPOSAL OF SUBSIDIARY In July 2022, the Group disposed of one of its wholly owned subsidiary, Cim Forex Ltd to Swan General Ltd. This sale is in line with CFSL’s strategic intent to concentrate its resources on the growth of its core activities. The results of this disposal in the Group’s financial statements are as follows: GROUP MUR m Gain on disposal of subsidiary Cash consideration received 72.4 Deferred consideration receivable 5.0 Net assets disposed of (61.0) 16.4 Net cash inflow on disposal of subsidiary Consideration received in cash and cash equivalent 72.4 Less cash and cash equivalent disposed of (57.3) Net cash inflow 15.1 The results of this disposal in the Company's financial statements are as follows: COMPANY MUR m Gain on disposal of subsidiary Cash consideration received 72.4 Deferred consideration receivable 5.0 Cost of investment (20.0) 57.4 EXPLANATORY NOTES 30 SEPTEMBER 2022
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