GROUP COMPANY Sep-24 MUR m Sep-23 MUR m Sep-24 MUR m Sep-23 MUR m Financial assets at FVTPL (a) 68.7 182.9 0.8 0.8 Financial assets at amortised cost (b) 119.8 119.6 119.8 119.6 188.5 302.5 120.6 120.4 (a) GROUP COMPANY MUR m MUR m MUR m MUR m Financial assets at FVTPL Level 3 TOTAL Level 3 TOTAL Non current At 1 October 2022 0.8 0.8 0.8 0.8 Acquisition of subsidiary 174.9 174.9 – – Additions 4.3 4.3 – – Fair value Adjustment 2.9 2.9 – – At 30 September 2023 182.9 182.9 0.8 0.8 Disposal (621.6) (621.6) – – Fair value gain 3.3 3.3 – – Additions 502.9 502.9 – – Forex adjustment 1.2 1.2 – – At 30 September 2024 68.7 68.7 0.8 0.8 The Company has an investment in a company based in India. Each year a fair value assessment of the investment is done using the net assets approach which as per management reflects as fair value. There has been no fair value movement in years 2024 and 2023. The Financial assets at FVTPL are classified as Level 3. The Net Assets Approach uses the following technique. The value of the investee is determined on the basis of the value of the assets and liabilities as disclosed in its financial statements as at the reporting date. The carrying amount is adjusted for the increase or decrease in the net asset value of the investee. The following table sets out the valuation techniques used in the determination of fair values within level 3 including the key unobservable inputs used and the relationship between unobservable inputs to fair value. Item Valuation approach Key unobservable inputs Relationship and sensitivity of unobservable inputs to fair value Unquoted shares Net Assets Value Net asset value per share of the investee company The expected fair value will increase/decrease by Rs 45m(2023: Rs 43m) if the Net asset value per share will be higher or lower by 5%. (b) GROUP COMPANY Sep-24 MUR m Sep-23 MUR m Sep-24 MUR m Sep-23 MUR m Financial assets at amortised cost At 1 October 119.6 119.6 119.6 119.6 Additions – 174.4 – 174.4 Maturity/Disposal – (174.4) – (174.4) Interest accrued 3.3 0.6 3.3 0.6 Interest received (3.1) (0.6) (3.1) (0.6) At 30 September 119.8 119.6 119.8 119.6 The financial assets at amortised cost comprise of Bank of Mauritius Bills amounting to MUR119.8m with a yield of 2.59% per annum. These assets are risk free and performing. As the bills carry stable ratings, management has determined that there is no significant increase in credit risk. Explanatory Notes 30 September 2024 17. INVESTMENT SECURITIES 178
RkJQdWJsaXNoZXIy MzQ3MjQ5