18. OTHER ASSETS GROUP COMPANY Sep-24 MUR m Sep-23 MUR m Sep-24 MUR m Sep-23 MUR m Prepayments 149.0 115.5 145.7 109.7 Other receivables 490.5 502.8 501.5 494.0 639.5 618.3 647.2 603.7 Receivables from subsidiaries (a) – – 48.1 28.1 Loan at call to subsidiaries (b) – – 42.3 40.6 Expected credit loss – – (69.6) (58.0) – – 20.8 10.7 639.5 618.3 668.0 614.4 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% (2023: 4.8%). An analysis of the changes in the gross carrying amounts and the corresponding ECL allowance is as follows : Gross carrying amount MUR m ECL Stage 3 MUR m At 1 October 2022 20.4 14.6 Additions 7.7 2.8 At 30 September 2023 28.1 17.4 Additions 20.0 11.6 At 30 September 2024 48.1 29.0 (b) Loan at call to subsidiaries Gross carrying amount MUR m ECL Stage 3 MUR m At 1 October 2022 38.5 38.5 Additions 2.1 2.1 At 30 September 2023 40.6 40.6 Additions 1.7 – At 30 September 2024 42.3 40.6 As at 30 September 2024, the Company is applying the IFRS9 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 2024 is MUR 11.6m (2023:MUR 4.9m). 179 Introduction Group Overview Leadership Strategy & Performance Risk Management Corporate Governance Statutory Disclosures Financial
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