CFSL Integrated Report 2025

193

Introduction

Group Overview

Leadership

Strategy & Performance

Explanatory Notes 30 September 2025 17. INVESTMENT SECURITIES

GROUP

COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

1.7

0.8

68.7

0.8

Financial assets at FVTPL (a)

119.9 121.6

119.9 120.7

119.8 188.5

119.8 120.6

Financial assets at amortised cost (b)

GROUP

COMPANY

MUR m Level 3

MUR m Level 3

MUR m TOTAL

MUR m TOTAL

(a)

Financial assets at FVTPL

Non current At 1 October 2023

182.9

0.8

182.9

0.8

(621.6)

– – – – – – – –

(621.6)

– – – – – – – –

Disposal

3.3

3.3

Far value gain

502.9

502.9

Additions

1.2

1.2

Forex adjustment

68.7

0.8

68.7

0.8

At 30 September 2024

(835.0)

(835.0)

Disposal

2.7

2.7

Fair value gain

759.8

759.8

Additions

5.5 1.7

5.5 1.7

Forex adjustment

0.8

At 30 September 2025 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. The Financial assets at FVTPL are classified as Level 3. The Net Asset 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.

Relationship and sensitivity of unobservable inputs to fair value The expected fair value will increase/decrease by MUR0.1m (2024 : MUR3.4m) if the Net asset value per share will be higher or lower by 5%

ITEM

Valuation approach Key unobservable inputs

Unquoted shares Net Assets Value

Net asset value per share of the investee company

GROUP

COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

(b)

Financial assets at amortised cost

119.8

119.8

119.6

119.6

At 1 October

3.2

3.2

3.3

3.3

Interest accrued Interest received At 30 September

(3.1)

(3.1)

(3.1)

(3.1)

119.9 119.8 The financial assets at amortised cost comprise of Bank of Mauritius Bills amounting to MUR119.9m 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. 119.8 119.9