CONSOLIDATED AND SEPARATE STATEMENTS OF PROFIT OR LOSS 30 SEPTEMBER 2023 GROUP COMPANY NOTES Sep-23 MUR m Sep-22 MUR m Sep-23 MUR m Sep-22 MUR m 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) Net interest income 2,375.6 2,074.8 2,325.6 2,042.8 Lending and agency related income 6 430.6 396.8 416.5 370.6 Other income 7 109.7 101.1 103.5 99.7 Non interest income 540.3 497.9 520.0 470.3 Net operating income 2,915.9 2,572.7 2,845.6 2,513.1 Operating expenses Employee benefit expenses 8 (748.5) (645.5) (717.9) (591.8) Depreciation 22/23 (158.2) (159.4) (157.1) (156.3) Amortisation 24 (35.8) (38.2) (34.6) (35.7) Other operating expenses 9 (541.7) (449.6) (502.3) (409.1) (1,484.2) (1,292.7) (1,411.9) (1,192.9) Profit before impairment 1,431.7 1,280.0 1,433.7 1,320.2 Net impairment losses on financial assets 10 (328.2) (560.7) (509.4) (598.7) Impairment of investment in subsidiary 20 – – – (45.7) (328.2) (560.7) (509.4) (644.4) Profit after impairment 1,103.5 719.3 924.3 675.8 Foreign exchange gain 5.5 1.6 5.7 0.4 Gain on bargain purchase 36 18.5 – – – Net gain on disposal of investment in subsidiary 20(a) – 16.4 – 57.4 Fair value gain on investment securities 17 2.9 – – – Share of results of associates 21 (3.2) (2.5) – – Profit before tax 1,127.2 734.8 930.0 733.6 Income tax expense 11(a) (166.2) (133.5) (165.8) (113.6) Profit for the year 961.0 601.3 764.2 620.0 Attributable to: Equity owners of the parent Profit for the year 959.9 601.3 764.2 620.0 959.9 601.3 764.2 620.0 Non controlling interests Profit for the year 31 1.1 – – – 1.1 – – – 961.0 601.3 764.2 620.0 Basic and diluted earnings per share (MUR) 32 1.41 0.88 The notes on pages 104 to 206 form an integral part of these financial statements. Independent auditor’s report on pages 94 to 97. 98 CIM FINANCE ANNUAL REPORT
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