23 RIGHT-OF-USE ASSETS Continued (b) LEASE LIABILITIES Continued GROUP COMPANY Sep-23 MUR m Sep-22 MUR m Sep-23 MUR m Sep-22 MUR m Interest expense (included in finance cost) (note 5(b) ) 12.3 10.9 12.2 10.6 Expense relating to short-term leases (included in other operating expenses) 0.4 – 0.4 – 12.7 10.9 12.6 10.6 The total cash outflow for leases in Group in 2023 was MUR 45.9m (2022: MUR 42.5m); made of capital MUR 33.6m (2022: MUR 31.6m) and interest MUR 12.3m (2022: MUR 10.9m); and in Company was MUR 45.1m (2022: MUR 42m): made up of capital MUR 32.9m (2022: MUR 31.4m) and interest MUR 12.2m (2022:MUR 10.6m). 24 INTANGIBLE ASSETS (a) GROUP Customer portfolio Goodwill on acquisition Dealer relationship Software / others TOTAL COST MUR m MUR m MUR m MUR m MUR m At 1 October 2021 – – – 296.1 296.1 Acquisition of subsidiary 31.0 12.8 – – 43.8 Additions – – – 22.6 22.6 Forex adjustment – – – (1.4) (1.4) At 30 September 2022 31.0 12.8 – 317.3 361.1 Additions – – – 12.3 12.3 Acquisition of subsidiary (note 36) – – 48.5 – 48.5 Forex adjustment – – – (4.8) (4.8) At 30 September 2023 31.0 12.8 48.5 324.8 417.1 Amortisation/Impairment At 1 October 2021 – – – 198.2 198.2 Charge for the year 1.8 – – 36.4 38.2 Forex adjustments – – – (1.4) (1.4) At 30 September 2022 1.8 – – 233.2 235.0 Acquisition of subsidiary – – – – – Charge for the year 3.1 – 2.7 30.0 35.8 Forex adjustments – – – (4.8) (4.8) At 30 September 2023 4.9 – 2.7 258.4 266.0 Carrying value At 30 September 2023 26.1 12.8 45.8 66.4 151.1 At 30 September 2022 29.2 12.8 – 84.1 126.1 EXPLANATORY NOTES 30 SEPTEMBER 2023 174 CIM FINANCE ANNUAL REPORT
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