| CIM FINANCE. INTEGRATED REPORT 2022 98 GROUP COMPANY Notes Sep-22 MUR m Sep-21 MUR m Sep-22 MUR m Sep-21 MUR m Restated* Restated* Interest income 5(a) 2,502.3 2,172.3 2,450.5 2,159.6 Interest expense 5(b) (427.5) (396.1) (407.7) (395.5) Net interest income 2,074.8 1,776.2 2,042.8 1,764.1 Lending and agency related income 6 396.8 350.0 370.6 336.0 Other income 7 101.1 129.9 99.7 125.0 Non interest income 497.9 479.9 470.3 461.0 Net operating income 2,572.7 2,256.1 2,513.1 2,225.1 Operating expenses Employee benefit expenses 8 (645.5) (606.0) (591.8) (570.4) Depreciation 22/23 (159.4) (174.8) (156.3) (173.3) Amortisation 24 (38.2) (37.5) (35.7) (32.8) Other operating expenses 9 (449.6) (390.9) (409.1) (372.7) (1,292.7) (1,209.2) (1,192.9) (1,149.2) Profit before impairment 1,280.0 1,046.9 1,320.2 1,075.9 Net impairment losses on financial assets 10 (560.7) (540.0) (598.7) (534.8) Impairment of investment in subsidiary 20 - - (45.7) - (560.7) (540.0) (644.4) (534.8) Profit after impairment 719.3 506.9 675.8 541.1 Foreign exchange gain 1.6 5.4 0.4 7.0 Net gain on disposal of investment in subsidiary 20/37 16.4 - 57.4 - Share of results of associates 21 (2.5) (3.8) - - Profit before tax 734.8 508.5 733.6 548.1 Income tax expense 11(a) (133.5) (93.9) (113.6) (93.6) Profit for the year 601.3 414.6 620.0 454.5 Basic earnings per share (MUR) 31 0.88 0.61 *Refer to Note 39 Restatement and reclassifications. The notes on pages 104 to 213 form an integral part of these financial statements. Independent auditor’s report on pages 94 to 97. CONSOLIDATED AND SEPARATE STATEMENTS OF PROFIT OR LOSS 30 SEPTEMBER 2022
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