GROUP & COMPANY Sep-24 MUR m Sep-23 MUR m Cost Consumables 3.4 3.4 20. INVESTMENT IN SUBSIDIARIES (a) COMPANY Sep-24 MUR m Sep-23 MUR m At 1 October 948.4 236.2 Addition – 859.4 Release of deferred consideration – 1.4 Amalgamation adjustment – (148.6) At 30 September 948.4 948.4 (i) Put option over non-controlling interest Included in addition are the put options in favour of Loinette Capital Limited. The non-controlling shareholders of the company have an option to offload their shareholding to the Company in accordance with the terms mentioned in the Share Purchase Agreement at fair value of shares on the date of Put for cash. Put option liability with non-controlling interest is accounted for at fair value. Subsequent changes to the put option liability are recognised in profit or loss. (ii) Impairment of investments In preparing the financial statements, the directors make an assessment regarding the recoverability of its investment in subsidiaries to determine if any impairment is required. In cases where the carrying amounts are greater than the recoverable amounts, the carrying amounts are reduced to their recoverable amounts. As at 30 September 2024, the Company assessed for impairment of its investments in subsidiaries, in accordance with IAS 36 - Impairment of Assets where a value in use approach has been used, with a pre-tax rate of 5.71% (2023: 5.3%). No impairment was recognised for the year ended 30 September 2024 and 2023. (b) Details pertaining to the subsidiaries Proportion of direct ownership (%) Proportion of indirect ownership (%) Name of subsidiaries Principal activity Stated Capital (MUR 000s) Sep-24 Sep-23 Sep-24 Sep-23 Year end Non Controlling Interest (%) Investments Cim International Holdings Ltd Investment holding 195,943 100.0 100.0 – – 30 September – Cim Kenya Ltd Holding company – 100.0 100.0 – – 30 September – Cim Credit Kenya Ltd Provision of retail credit 3 – – 100.0 100.0 30 September – Cim Insurance Agency Ltd Insurance agent 37 – – 100.0 100.0 30 September – Cim Administrators Ltd Secretarial services 25 100.0 100.0 – – 30 September – Explanatory Notes 30 September 2024 19. INVENTORIES 180
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