15 NET INVESTMENT IN LEASES AND OTHER CREDIT AGREEMENTS GROUP AND COMPANY Finance leases Other credit agreements Total MUR m MUR m MUR m 30 September 2023 Gross investment Within one year 1,203.4 4,520.0 5,723.4 After one year and before five years 2,701.2 4,110.4 6,811.6 After five years 366.7 – 366.7 4,271.3 8,630.4 12,901.7 Unearned future finance income (647.9) (1,302.6) (1,950.5) 3,623.4 7,327.8 10,951.2 Expected credit loss (159.4) (735.2) (894.6) 3,464.0 6,592.6 10,056.6 Present value of lease payments before impairment analysed as follows: Within one year 966.1 3,707.3 4,673.4 After one year and before five years 2,309.1 3,620.5 5,929.6 After five years 348.2 – 348.2 3,623.4 7,327.8 10,951.2 Representing: Current receivables 966.1 3,707.3 4,673.4 Non current receivables 2,657.3 3,620.5 6,277.8 3,623.4 7,327.8 10,951.2 Net Amount represented by: Current receivables 856.6 3,147.2 4,003.8 Non current receivables 2,607.4 3,445.4 6,052.8 3,464.0 6,592.6 10,056.6 The Group and Company have no unguaranteed residual value as at 30 September 2023 (2022: Nil) GROUP & COMPANY Guaranteed residual amount receivable under Finance lease agreements Sep-23 MUR m Sep-22 MUR m Year 1 13.4 11.2 Year 2 4.9 6.3 Year 3 to 5 25.4 12.8 Onwards 19.1 6.2 62.8 36.5 EXPLANATORY NOTES 30 SEPTEMBER 2023 144 CIM FINANCE ANNUAL REPORT
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