175 I N T E G R A T E D R E P O R T 2 0 2 1 27. OTHER BORROWED FUNDS (CONT’D) 28. OTHER LIABILITIES GROUP COMPANY Sep-21 MUR m Sep-20 MUR m Sep-21 MUR m Sep-20 MUR m MUR and others 9,805.0 9,831.2 9,803.5 5,487.2 KES 22.8 - - - EURO 3.5 4.8 3.5 - USD 0.4 0.6 124.5 - 9,831.7 9,836.6 9,931.5 5,487.2 GROUP COMPANY Sep-21 MUR m Sep-20 MUR m Sep-21 MUR m Sep-20 MUR m At 1 October 9,836.6 9,078.3 5,487.2 1,203.3 Amalgamation adjustment - - 4,349.4 - Proceeds 9,276.5 8,718.4 9,399.1 6,485.2 Repayments (9,411.7) (8,072.6) (9,411.7) (2,262.5) (135.2) 645.8 (12.6) 4,222.7 Interest movement 105.5 112.5 105.5 61.2 Foreign exchange difference 0.3 - 0.3 - 105.8 112.5 105.8 61.2 At 30 September 9,807.2 9,836.6 9,929.8 5,487.2 Bank overdrafts (note 13) 24.5 - 1.7 - 9,831.7 9,836.6 9,931.5 5,487.2 GROUP COMPANY Sep-21 MUR m Sep-20 MUR m Sep-21 MUR m Sep-20 MUR m Trade payables 470.3 389.9 468.0 - Accruals 101.3 105.8 130.1 4.8 Other payables* 799.0 683.9 758.3 1.1 Deferred income 219.4 192.4 219.4 - 1,590.0 1,372.0 1,575.8 5.9 (d) The secured bank and other borrowings are secured by floating charges over all the respective assets of the relevant companies of the Group. (e) The carrying amounts of the other borrowed funds are denominated in the following currencies: Reconciliation of liabilities arising from financing activities: The carrying amount of the payables is considered as a reasonable approximation of fair value due to their short termnature. Trade payables and other payables are secured by floating charge on all assets of the Group, interest free and payable within 3 months. Deferred income includes merchant discount which is recognised and released to profit or loss in accordance to note 2.8(e). * Other payables include Credit Agreement dealers and Leasing trade creditors Included in other payables is an amount of MUR 16.6m representing Government Wages Allowance Scheme unutilised as to date. Explanatory Notes 30 SEPTEMBER 2021 E x p l a n a t o r y N o t e s
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