| CIM FINANCE. INTEGRATED REPORT 2022 192 33. COMMITMENTS 34. CONTINGENT LIABILITIES 35. NON CURRENT ASSETS CLASSIFIED AS HELD FOR SALE GROUP AND COMPANY Sep-22 MUR m Sep-21 MUR m Operating lease commitments - where the Group is the lessor The future undiscounted lease payments under operating leases are as follows: Within one year 79.2 102.3 After one year and before five years 148.6 143.6 Later than 5 years 14.9 6.5 242.7 252.4 GROUP COMPANY Sep-22 MUR m Sep-21 MUR m Sep-22 MUR m Sep-21 MUR m Financial guarantee 74.0 57.6 74.0 57.6 GROUP GROUP Sep-22 MUR m Sep-21 MUR m Disposal of associate - 14.4 At 30 September 2022, the Company had contingent liabilities in respect of guarantees from which it is anticipated that no material liabilities would arise. The Group and Company has given guarantee amounting to MUR74m (2021: MUR57.6m) on behalf of a subsidiary. In 2021, the Group entered into a buy back with iVeri Payment Technology Ltd to disinvest its 49 shares held for a consideration of USD 340,000 and the Group recognised an impairment of MUR22.0m. The consideration was fully recovered in November 2021. The Group has entered into operating leases for motor vehicles that include revenue-related rental payments that are contingent on future levels of revenue. These leases have terms ranging from 1 to 7 years. EXPLANATORY NOTES 30 SEPTEMBER 2022
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