GROUP COMPANY NOTES Sep-23 MUR m Sep-22 MUR m Sep-23 MUR m Sep-22 MUR m (a) Cash generated from operations Profit before tax 1,127.2 734.8 930.0 733.6 Adjustments Depreciation of equipment 22 117.1 122.5 116.7 120.2 Depreciation of right of use asset 23 41.1 36.9 40.4 36.1 Amortisation 24 35.8 38.2 34.6 35.7 Interest income 5(a) (2,954.6) (2,502.3) (2,899.7) (2,450.5) Interest expense 5(b) 579.0 427.5 574.1 407.7 Impairment of subsidiary 20 – – – 45.7 Profit on disposal of subsidiary – (16.4) – (57.4) Net impairment losses on financial assets 10 328.2 560.7 509.4 598.7 Profit on disposal of equipment (1.2) (0.6) (1.2) (0.9) Foreign exchange gain (5.5) (1.6) (5.7) (0.4) Share of results of associates 21 3.2 2.5 – – Share-based payment expensed 9.1 – 9.1 – Gain on bargain purchase (18.5) – – – Fair value gain on investment securities (2.9) – – – Post employment benefit expense 25 (12.3) 13.1 (11.8) 12.1 (754.3) (584.7) (704.1) (519.4) (b) Changes in working capital Deposit with banks (7.8) (56.8) (7.8) (56.8) Inventories (0.4) – (0.4) – Net investment in finance leases and other credit agreements (1,267.7) (281.0) (1,282.2) (324.6) Loan and advances (1,096.2) (1,118.3) (1,145.5) (1,986.2) Other assets (121.5) (53.5) (209.4) (60.9) Other liabilities 351.0 214.9 527.8 199.9 Cash used in operations (2,896.9) (1,879.4) (2,821.6) (2,748.0) (c) Non Cash transactions During 2023, non cash transactions comprised of an amount of MUR 7.0m arising from additions of building under right-of-use. 33 NOTES TO THE STATEMENTS OF CASH FLOWS EXPLANATORY NOTES 30 SEPTEMBER 2023 190 CIM FINANCE ANNUAL REPORT
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