Up to 3 months MUR m 3 - 6 months MUR m 6 - 12 months MUR m 1 to 5 years MUR m Over 5 years MUR m Total MUR m COMPANY 30 September 2023 Assets Cash and bank balances 304.7 – – – – 304.7 Deposits with banks 136.7 – 130.4 220.0 – 487.1 Net investment in leases and other credit agreements 1,777.3 1,459.4 2,574.5 6,908.0 369.4 13,088.6 Loans and advances 1,872.2 969.9 1,858.3 6,739.7 4.8 11,444.9 Investment securities – – – 119.7 0.8 120.5 Other assets* 504.7 – – – – 504.7 Total assets 4,595.6 2,429.3 4,563.2 13,987.4 375.0 25,950.5 Liabilities Bank overdrafts 119.7 – – – – 119.7 Other borrowed funds 5,903.7 454.1 557.3 6,309.8 280.8 13,505.7 Other liabilities 891.4 50.0 14.2 228.2 – 1,183.8 Lease liabilities 11.7 11.6 22.6 188.7 2.6 237.2 Total liabilities 6,926.5 515.7 594.1 6,726.7 283.4 15,046.4 Net liquidity gap (2,330.9) 1,913.6 3,969.1 7,260.7 91.6 10,904.1 The Company manages the net negative liquidity gaps through its undrawn bank facilities. * Other assets exclude prepayments 4.2 Capital risk management The primary objective of the Group’s and the Company’s capital management is to maximise shareholders’ value. The Company aims at distributing an adequate dividend whilst ensuring that sufficient resources are maintained to continue as a going concern and for expansion. The Group and the Company manage their capital structure and make adjustments in the light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Group may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The ratio of net debt to equity is used to monitor capital and the ratio is kept at a reasonable level. For the purpose of capital management, net debt includes other borrowed funds net of cash and bank balances. Equity consists of stated capital, retained earnings and other reserves. The Group monitors its Capital Adequacy Ratio (CAR) on a regular basis and uses the latter as a key metric to assess its robustness to sustain economic shocks in the period under review, despite this significant increase in the impairment charges, the Capital Adequacy Ratio remained at a very reasonable level. The Company, being licenced by the regulatory authority as a payment service provider is exposed to externally imposed capital requirement. The Company is required to maintain at all times a minimum capital requirement of MUR5m after deducting its accumulated losses. As at reporting date, the Company is in adherence to the externally imposed capital requirement. Explanatory Notes 30 September 2024 4. FINANCIAL RISK MANAGEMENT continued 4.1 Financial risk factors continued (e) Liquidity risk continued 150
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