88 Other Statutory Disclosures (Pursuant to Section 221 of the Mauritius Companies Act 2001) Activity of the Company The activities of CFSL are disclosed on pages 12 to 13. Group structure with activities of subsidiaries The Group structure of CFSL has been disclosed on pages 6 and 7. Directors’ remuneration The remuneration of directors who have held office as at 30 September 2023 has been disclosed on page 81. Moreover, the executive and non-executive directors had received remuneration for holding position as directors in subsidiary companies as per the details set out in the table below: 2023 2022 No of directors MUR m No of directors MUR m Directors of Subsidiary companies Executive 4 26.4 5 29.5 Non Executive 1 1.1 4 1.4 27.5 30.9 Directors’ interest in shares The interests of the directors in the shares of CFSL as at 30 September 2023 are listed on page 81. Particulars of entry in the interest register An Interest Register, which is updated on an annual basis, is maintained by the Company Secretary. Any disclosure of interest as required under the Mauritius Companies Act 2001 is recorded in the Interest Register, which is available for inspection during normal office hours upon written request made to the Company Secretary. Directors of Subsidiary companies The list of directorships of Subsidiary companies as at 30 September 2023 are listed on page 207. Audit fees as at 30 September 2023 For the year under review, the fees incurred for audit services by their respective auditors were as follows: 30 Sept 2023 MUR 000’ 30 Sept 2022 MUR 000’ Auditors Cim Financial Services Ltd 5,000 3,200 BDO & CO Cim Administrators Ltd 46 38 BDO & CO Cim Learning Centre Ltd 32 27 BDO & CO Key Financial Services Ltd 32 27 BDO & CO The Oceanic Trust Co Ltd 32 27 BDO & CO Cim Kenya Ltd 81 64 BDO & CO Cim International Holdings Ltd 81 64 BDO & CO Cim CSR Fund Ltd 46 38 BDO & CO Cim Credit Kenya Ltd 195 170 BDO & CO - KE Cim Insurance Agency Ltd 90 80 BDO & CO - KE Loinette Capital Ltd 736 N/A Pricewater houseCoopers The external auditors have not carried out non-audit activities for the Company and its subsidiaries during the year under review. Donations During the year under review, no political donations were made by CFSL and its subsidiaries. Moreover, as at 30 September 2023, only CFSL has contributed the following amount to CSR activities: Company Donations (MUR) CFSL MUR 11.6m Directors’ service contracts None of the directors of the Company and its subsidiaries have service contracts that need to be disclosed under Section 221 of the Mauritius Companies Act 2001. Major Transactions During the year under review, neither the Company nor its subsidiaries had carried out any major transaction under Section 130 (2) of the Mauritius Companies Act 2001. 88 CIM FINANCE ANNUAL REPORT
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