| CIM FINANCE. INTEGRATED REPORT 2022 176 23. (a) RIGHT-OF-USE ASSETS GROUP COMPANY Buildings Buildings MUR m MUR m At 1 October 2020 189.3 - Amalgamation adjustment - 189.3 Additions 29.1 26.9 Depreciation (34.9) (34.4) Other adjustments 8.9 8.6 At 30 September 2021 192.4 190.4 Additions 18.1 18.1 Depreciation (36.9) (36.1) Variable payment adjustment 3.3 3.3 At 30 September 2022 176.9 175.7 GROUP COMPANY Buildings Buildings MUR m MUR m At 1 October 2020 209.3 - Amalgamation adjustment - 209.3 Additions 29.1 26.9 Interest expense (note 5(b)) 11.3 11.1 Lease payments (39.4) (39.0) Other adjustments 9.5 9.5 At 30 September 2021 219.8 217.8 Additions 18.1 18.1 Interest expense (note 5(b)) 10.9 10.6 Lease payments (42.5) (42.0) Foreign exchange difference (0.1) - Variable payment adjustment 3.2 3.2 At 30 September 2022 209.4 207.7 Current 34.2 33.8 Non current 175.2 173.9 209.4 207.7 GROUP Sensitivity Number of Lease Contracts Variable payments % Sep-22 Sep-21 Sep-22 Sep-21 Sep-22 Sep-21 MUR m MUR m Property leases with payments linked to inflation 9.8 10.6 16 16 93% 93% Property leases with periodic uplifts to market rentals 0.7 0.9 6 6 7% 7% 10.5 11.5 22 22 100% 100% Nature of leasing activities ( in the capacity of lessee) The Group leases 19 properties in Mauritius, 2 properties in Rodrigues and 1 property in Kenya. For 16 properties it is customary for the lease contracts to provide for payments to increase each year by inflation. For the remaining 6 properties the lease payments are reset periodically to market rates. Variable lease payments The percentages in the table below reflect the current proportions of lease payments that are either fixed or variable. The sensitivity reflects the impact on the carrying amount of lease liabilities and right-of-use assets if there was an uplift of 5% on the reporting date of lease payments that are variable. 23. (b) LEASE LIABILITIES EXPLANATORY NOTES 30 SEPTEMBER 2022
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