(c) The effective interest rates at the end of the reporting period were as follows: GROUP COMPANY Sep-24 % Sep-23 % Sep-24 % Sep-23 % Bank and other borrowings - Secured 2.50-8.26 0.50-8.26 2.50-8.26 0.50-8.26 Bank and other borrowings - Unsecured 3.85-5.80 2.95-5.80 3.85-5.80 2.95-5.80 (d) The secured bank and other borrowings are secured by floating charges over all the respective assets of the relevant companies of the Group. (e) The carrying amounts of the other borrowed funds are denominated in the following currencies: GROUP COMPANY Sep-24 MUR m Sep-23 MUR m Sep-24 MUR m Sep-23 MUR m MUR 15,178.5 12,822.6 15,175.9 12,820.2 EUR 102.9 0.5 – 0.5 USD 645.1 388.9 530.5 523.7 15,926.5 13,212.0 15,706.4 13,344.4 (f) Reconciliation of liabilities arising from financing activities: GROUP COMPANY Sep-24 MUR m Sep-23 MUR m Sep-24 MUR m Sep-23 MUR m At 1 October 13,212.0 11,735.1 13,344.4 11,863.5 Proceeds 18,572.4 16,232.7 18,219.0 16,232.7 Repayments (15,939.5) (14,760.0) (15,939.6) (14,757.6) 2,632.9 1,472.7 2,279.4 1,475.1 Interest movement 69.1 17.7 65.4 17.7 Foreign exchange difference 12.5 (13.5) 17.2 (11.9) 81.6 4.2 82.6 5.8 At 30 September 15,926.5 13,212.0 15,706.4 13,344.4 28. OTHER LIABILITIES GROUP COMPANY Sep-24 MUR m Sep-23 MUR m Sep-24 MUR m Sep-23 MUR m Trade payables 664.7 507.4 663.9 513.6 Accruals 176.5 185.4 171.2 182.4 Other payables* 1,453.8 1,112.3 1,639.9 1,279.0 2,295.0 1,805.1 2,475.0 1,975.0 The carrying amount of the payables is considered as a reasonable approximation of fair value due to their short term nature. Trade payables are secured by floating charge on all assets of the Group and Company, interest free and payable within 3 months. Accruals include mainly amounts for operational expenses such as audit fees, professional fees and employee benefit related expenses. * Other payables include mainly Credit Agreement dealer/Insurance unearned premium and the put option to the non-controlling interest holder. The put option may be exercised in 2 years time (note 20(a)(i)). 197 Introduction Group Overview Leadership Strategy & Performance Risk Management Corporate Governance Statutory Disclosures Financial
RkJQdWJsaXNoZXIy MzQ3MjQ5