CIM FINANCE. INTEGRATED REPORT 2022 | 195 38. EVENTS AFTER REPORTING DATE On 1 October 2022 ,Tsusho Capital(Mauritius) Ltd, a newly owned subsidiary, has been granted approval to amalgamate in and into CIM Financial Services Ltd in view of streamlining the structure of the Group. The amalgamated Company’s assets and liabilities had the amalgamation already done at 30 Sept 2022 would have been as follows : STATEMENT OF FINANCIAL POSITION 30 Sept 2022 MUR m ASSETS Cash and bank balances 651.8 Deposits with banks 482.9 Net investment in leases and other credit agreements 9,075.9 Loans and advances 8,208.1 Investments in financial assets 239.1 Other assets 120.4 Inventories 419.7 Investments in subsidiaries 3.0 Investments in associates 15.0 Equipment 417.1 Right-of-use assets 175.7 Deferred tax assets 281.3 Intangible assets 83.5 Total assets 20,173.5 LIABILITIES Bank overdraft 12,755.3 Other liabilities 1,682.9 Lease liabilities 207.7 Income tax liabilities 116.6 Deferred tax liabilities 24.5 Post employment benefit liabilities 152.9 Total liabilities 14,939.9 EQUITY Stated capital 680.5 Retained earnings 3,430.8 Other reserves 1,122.3 Total equity 5,233.6 Total equity and liabilities 20,173.5 EXPLANATORY NOTES 30 SEPTEMBER 2022
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