| A | B | C | D | E | F | G | H | I | |
|---|---|---|---|---|---|---|---|---|---|
1 | |||||||||
2 | THE GROUP | THE BANK | |||||||
3 | 2020 | 2019 | 2018 | 2020 | 2019 | 2018 | |||
4 | Notes | MUR'000 | MUR'000 | MUR'000 | MUR'000 | MUR'000 | MUR'000 | ||
5 | OPERATING ACTIVITIES | ||||||||
6 | |||||||||
7 | Profit before tax | 1,690,310 | 1,866,798 | 910,977 | 1,668,326 | 1,824,002 | 907,678 | ||
8 | Adjustments for: | ||||||||
9 | Change in operating assets | 33(b) | (1,475,158) | (19,884,438) | (7,248,568) | (2,958,049) | (19,958,143) | (6,783,738) | |
10 | Change in operating liabilities | 33(c) | 18,377,664 | 18,806,966 | 20,260,095 | 19,886,380 | 18,926,158 | 19,683,975 | |
11 | Non-cash items included in profit before tax | 33(d) | 910,179 | 774,650 | 1,165,372 | 942,556 | 839,717 | 1,142,392 | |
12 | Payment of gratuity | 30 | (1,485) | - | - | (1,485) | - | - | |
13 | Tax paid | (328,641) | (99,738) | (234,267) | (328,641) | (96,253) | (230,459) | ||
14 | Net cash flows generated from operating activities | 19,172,869 | 1,464,238 | 14,853,609 | 19,209,087 | 1,535,481 | 14,719,848 | ||
15 | |||||||||
16 | INVESTING ACTIVITIES | ||||||||
17 | |||||||||
18 | Purchase of property and equipment | 19 | (23,891) | (33,821) | (45,121) | (23,891) | (33,491) | (44,470) | |
19 | Purchase of intangible assets | 20 | (67,523) | (33,692) | (122,809) | (67,439) | (33,692) | (122,809) | |
20 | Asset held for distribution | - | (57,210) | - | (38,277) | - | - | ||
21 | Dividend received | - | - | - | - | - | 22,000 | ||
22 | Proceeds from sale of property and equipment | 4,145 | - | 89 | 3,040 | - | 89 | ||
23 | Net cash flows used in investing activities | (87,269) | (124,723) | (167,841) | (126,567) | (67,183) | (145,190) | ||
24 | |||||||||
25 | FINANCING ACTIVITIES | ||||||||
26 | Issue of shares | 28 | - | - | 446,291 | - | - | 446,291 | |
27 | Indemnity paid on shares issued | 28 | - | - | (2,850) | - | - | (2,850) | |
28 | Payment of lease liabilities | 21 | (31,026) | - | - | (31,026) | - | - | |
29 | Repayment of subordinated debt | 25 | (170,556) | (385,033) | (682,475) | (170,556) | (385,033) | (682,475) | |
30 | Dividends paid | 12 | (576,684) | (333,508) | (300,159) | (576,684) | (333,508) | (300,159) | |
31 | Net cash flows used in financing activities | (778,266) | (718,541) | (539,193) | (778,266) | (718,541) | (539,193) | ||
32 | |||||||||
33 | Net cash flows for the year | 18,307,334 | 620,974 | 14,146,575 | 18,304,254 | 749,757 | 14,035,465 | ||
34 | |||||||||
35 | Movement in cash and cash equivalents | ||||||||
36 | Cash and cash equivalents at 1 July | 50,699,991 | 50,104,963 | 35,958,912 | 50,698,345 | 49,974,534 | 35,939,069 | ||
37 | Net increase in cash and cash equivalents | 18,307,334 | 620,974 | 14,146,575 | 18,304,254 | 749,757 | 14,035,465 | ||
38 | Effect of IFRS 9 impairment charge | 22,774 | (25,946) | - | 22,774 | (25,946) | - | ||
39 | Net foreign exchange difference | - | - | (524) | - | - | - | ||
40 | Cash and cash equivalents at 30 June | 33(a) | 69,030,099 | 50,699,991 | 50,104,963 | 69,025,373 | 50,698,345 | 49,974,534 | |
41 | |||||||||
42 | Operational cash flows from interest | ||||||||
43 | |||||||||
44 | Interest paid | (1,411,062) | (881,316) | (732,067) | (1,051,776) | (872,123) | (656,633) | ||
45 | |||||||||
46 | Interest received | 2,906,096 | 2,864,490 | 2,808,791 | 2,821,688 | 3,211,904 | 2,463,661 |