CFSL Integrated Report 2025

FINANCIAL

194

Risk Management

Corporate Governance

Statutory Disclosures

18. OTHER ASSETS

GROUP

COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

123.2 560.9 684.1

111.5 575.7 687.2

149.0 490.5 639.5

145.7 501.5 647.2

Prepayments

Other receivables

– – – –

64.1 44.0

– – – –

48.1 42.3

Receivables from subsidiaries (a) Loan at call to subsidiaries (b)

(78.3)

(69.6)

Expected credit loss

29.8

20.8

684.1

717.0

639.5

668.0

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% (2024: 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

28.1 20.0 48.1 16.0 64.1

17.4 11.6 29.0

At 1 October 2023

Additions

At 30 September 2024

8.7

Additions

37.7

At 30 September 2025

Loan at call to subsidiaries

(b)

Gross carrying amount MUR m

ECL Stage 3 MUR m

40.6

40.6

At 1 October 2023

1.7

–

Additions

42.3

40.6

At 30 September 2024

1.7

–

Additions

At 30 September 2025 40.6 As at 30 September 2025, 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 2025 is MUR8.7m (2024:MUR 11.6m). 44.0

19. INVENTORIES

GROUP & COMPANY Sep-25 MUR m

Sep-24 MUR m

Cost Consumables

5.5

3.4