Explanatory Notes 30 September 2024 33. NOTES TO THE STATEMENTS OF CASH FLOWS (a) Cash generated from operations GROUP COMPANY Sep-24 MUR m Sep-23 MUR m Sep-24 MUR m Sep-23 MUR m Profit before tax 1,310.0 1,127.2 1,271.7 930.0 Adjustments Depreciation of equipment 22 128.9 117.1 128.1 116.7 Depreciation of right of use asset 23 41.8 41.1 40.1 40.4 Amortisation 24 45.8 35.8 30.7 34.6 Interest income 5(a) (3,544.5) (2,954.6) (3,388.5) (2,899.7) Interest expense 5(b) 816.5 579.0 802.1 574.1 Net impairment losses on financial assets 10 270.4 328.2 303.2 509.4 Loss/(profit) on disposal of equipment 0.5 (1.2) 0.5 (1.2) Foreign exchange loss/(gain) 7.0 (5.5) 5.5 (5.7) Share of results of associates 21 2.0 3.2 – – Share-based payment expensed 1.4 9.1 1.4 9.1 Gain on bargain purchase – (18.5) – – Fair value gain on investment securities (3.3) (2.9) – – Post employment benefit expense 25 9.6 (12.3) 11.1 (11.8) (913.9) (754.3) (794.1) (704.1) Changes in working capital Deposit with banks (235.2) (7.8) (235.2) (7.8) Inventories – (0.4) – (0.4) Net investment in finance leases and other credit agreements (1,800.6) (1,267.7) (1,800.6) (1,282.2) Loan and advances (2,220.2) (1,096.2) (1,596.0) (1,145.5) Other assets (8.9) (121.5) (63.5) (209.4) Other liabilities 489.9 350.6 501.2 527.4 Cash used in operations (4,688.9) (2,897.3) (3,988.2) (2,822.0) (c) Non Cash transactions During 2024, non cash transactions comprised of an amount of MUR17.5m (2023:MUR7.0m) for the Group and for the Company MUR16.6m (2023:MUR7.0m) arising from additions of building under right-of-use. 34. COMMITMENTS GROUP COMPANY Sep-24 MUR m Sep-23 MUR m Sep-24 MUR m Sep-23 MUR m Operating lease commitments - where the Group is the lessor The future undiscounted lease payments under operating leases are as follows: Within 1 year 89.0 80.5 87.7 80.5 After one year and before two years 78.7 70.2 78.0 70.2 After two years and before three years 67.9 55.1 67.9 55.1 After three years and before four years 48.6 43.8 48.6 43.8 After four years and before five years 22.4 26.9 22.4 26.9 After 5 years 14.3 23.2 14.3 23.2 320.9 299.7 318.9 299.7 The Group has entered into operating leases for motor vehicles that include revenue-related rental payments that are contingent on future levels of revenue. These leases have terms ranging from 1 to 7 years. (b) 200
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