43 FAIR VALUE OF FINANCIAL INSTRUMENTS Continued Fair value hierarchy Continued Financial instruments for which the fair value approximates the carrying amount GROUP MUR m Financial assets Cash at bank balances 681.8 Deposits with banks 482.9 Loans and advances: Factoring receivables 87.9 Card receivables 283.8 Other assets* 375.3 1,911.7 Financial liabilities Bank overdrafts 72.7 Other liabilities 1,402.9 1,475.6 *Other assets exclude prepayment COMPANY Carrying amounts Fair value 30 September 2023 Level 1 Level 2 Level 3 Total MUR m MUR m MUR m MUR m MUR m Financial assets not measured at fair value Net investment in leases and other credit agreements 10,056.6 – – 11,091.7 11,091.7 Loans and advances: Credit facilities 7,297.0 – – 7,734.6 7,734.6 Corporate credit facilities 263.6 – – 157.0 157.0 Investment securities 119.6 – 120.5 – 120.5 17,736.8 – 120.5 18,983.3 19,103.8 Financial assets measured at fair value Investment securities 120.4 – – 120.4 120.4 Financial liabilities not measured at fair value Other borrowed funds 13,344.4 – – 13,344.4 13,344.4 13,344.4 – – 13,344.4 13,344.4 EXPLANATORY NOTES 30 SEPTEMBER 2023 202 CIM FINANCE ANNUAL REPORT
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