18 OTHER ASSETS GROUP COMPANY Sep-23 MUR m Sep-22 MUR m Sep-23 MUR m Sep-22 MUR m Trade receivables – 0.9 – – Prepayments 115.5 56.8 109.7 57.7 Other receivables 509.9 374.4 494.0 345.0 625.4 432.1 603.7 402.7 Receivables from subsidiaries (a) – – 28.1 20.4 Loan at call to subsidiaries (b) – – 40.6 38.5 Expected credit loss (7.1) (0.6) (58.0) (53.1) (7.1) (0.6) 10.7 5.8 618.3 431.5 614.4 408.5 The carrying amount of other assets approximate their fair values due to their short term nature. Included in other receivables are card debtors, lease receivables and agency related income. Included in receivables from subsidiaries are current accounts for expenses paid on behalf of a subsidiary. (a) Receivables from subsidiaries Receivables from subsidiaries and related companies are unsecured and carry an interest rate of 4.8% (2022: 4.8%). An analysis of the changes in the gross carrying amounts and the corresponding ECL allowance is as follows : Gross carrying amount ECL Stage 3 MUR m MUR m At 1 October 2021 8.5 0.5 Additions 11.9 14.1 At 30 September 2022 20.4 14.6 Additions 7.7 2.8 At 30 September 2023 28.1 17.4 (b) Loan at call to subsidiaries Gross carrying amount ECL Stage 3 MUR m MUR m At 1 October 2021 32.9 0.7 Additions 5.6 37.8 At 30 September 2022 38.5 38.5 Additions 2.1 2.1 At 30 September 2023 40.6 40.6 As at 30 September 2023, the Company is applying the IFRS 9 general approach to measuring expected credit losses which uses a lifetime expected loss allowance for receivables from subsidiaries and thus the Company recognises a loss allowance based on a lifetime ECL at the end of the reporting period. The amount of impairment charged to profit or loss for 2023 is MUR 4.7m. (2022:MUR 51.9m). 165 OUR YEAR AT A GLANCE OUR PEOPLE GOVERNANCE FINANCIAL STATEMENTS
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