45 FINANCIAL SUMMARY Group Consolidated Statements of Profit or Loss and Other Comprehensive Income from continuing operations Sep-23 MUR m Sep-22 MUR m Sep-21 MUR m Interest income 2,954.6 2,502.3 2,172.3 Interest expense (579.0) (427.5) (396.1) Net interest income 2,375.6 2,074.8 1,776.2 Lending and agency related income 430.6 396.8 350.0 Other income 109.7 101.1 129.9 Net operating income 2,915.9 2,572.7 2,256.1 Operating expenses (1,484.2) (1,292.7) (1,209.2) Profit before impairment 1,431.7 1,280.0 1,046.9 Net impairment losses on financial assets (328.2) (560.7) (540.0) Net gain on disposal of investment in subsidiary – 16.4 – Share of results of associates (3.2) (2.5) (3.8) Foreign exchange gain 5.5 1.6 5.4 Profit before non-recurring items 1,105.8 734.8 508.5 Non-recurring items: Gain on bargain purchase 18.5 – – Fair value gain on investment securities 2.9 – – Profit before tax 1,127.2 734.8 508.5 Income tax expense (166.2) (133.5) (93.9) Profit for the year 961.0 601.3 414.6 Other comprehensive income for the year, net of tax (57.0) (2.1) 38.9 Total comprehensive income for the year, net of tax 904.0 599.2 453.5 Basic and diluted earnings per share (MUR) 1.41 0.88 0.61 Statements of Financial Position Assets 21,582.7 18,754.6 16,420.3 Stated capital 680.5 680.5 680.5 Retained earnings 4,460.7 3,786.6 3,396.2 Other reserves 458.3 502.1 504.2 Liabilities 15,766.9 13,785.4 11,839.4 21,366.4 18,754.6 16,420.3 Stated Capital Number of ordinary shares - issued and fully paid Units 680,522,310 680,522,310 680,522,310 EXPLANATORY NOTES 30 SEPTEMBER 2023 206 CIM FINANCE ANNUAL REPORT
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