CFSL Integrated Report 2025

FINANCIAL

176

Risk Management

Corporate Governance

Statutory Disclosures

13. CASH AND CASH EQUIVALENTS

GROUP

COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

943.6

888.3

514.3

469.3

Cash and bank balances

(81.9)

(25.4)

(116.8)

(13.1)

Bank overdrafts

861.7

862.9

397.5

456.2

Cash and cash equivalents

Cash in bank held with banks having the following credit ratings:

GROUP

COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

429.4

383.3

263.0

225.8

A1

–

–

1.2

1.2

Aaa Ba1 Ba2 Ba3

49.2

40.7

27.4

27.4

–

–

1.8

1.8

115.0 252.2

115.0 252.2

–

–

162.9

155.1

Baa3 BBB+

–

–

5.1

5.1

95.9

95.9

51.7

51.7

Baa1-Baa3

941.7 468.1 The Assets and Liabilities Committee (ALCO) oversees the credit ratings of counterparties on a regular basis and at the reporting date does not expect any losses from non-performance by the counterparties. 513.1 887.1

The bank overdrafts are secured by floating charges on the assets of the borrowing companies. The rate of interest varies between 5.95% and 15.91% (2024: 4.8% and 20.7%) for the bank overdrafts. 14. DEPOSITS WITH BANKS (a) Deposit with banks

GROUP & COMPANY Sep-25 MUR m

Sep-24 MUR m

639.3

727.6

Deposit with banks Expected credit loss

(0.4)

(0.6)

638.9

727.0

The deposit with banks are analysed as follows: Current

589.0

505.6 221.4 727.0

49.9

Non current

638.9

GROUP & COMPANY

Gross carrying amount Stage 1 MUR m

ECL Stage 1 MUR m

727.6

0.6

At 1 October 2024

1,644.7

– –

Additions Recovered

(1,728.3)

–

(0.2)

Movement in ECL Exchange difference At 30 September 2025

(4.7)

–

639.3

0.4