CFSL Integrated Report 2025

201

Introduction

Group Overview

Leadership

Strategy & Performance

Explanatory Notes 30 September 2025 24. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (CONTINUED) (b) LEASE LIABILITIES continued Extension and termination options

Extension and termination options are included in a number of property leases across the Group. These are used to maximise operational flexibility in terms of managing the assets used in the Group’s operations. The majority of extension and termination options held are exercisable only by the Group and not by the respective lessor. Lease term In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. Extension options are only included in the lease term if the lease is reasonably certain to be extended. For leases of administrative buildings, the following factors are normally the most relevant: If there are significant penalties to terminate, the Group is typically reasonably certain not to terminate. If any leasehold improvements are expected to have a significant remaining value, the Group is typically reasonably certain to extend. Otherwise, the Group considers other factors including historical lease durations and the costs and business disruption required to replace the leased asset. As at 30 September 2025, no potential future cash outflows in respect of termination and extension of lease has been recognised. The lease term is reassessed if an option is actually exercised or the Group becomes obliged to exercise it. The assessment of reasonable certainty is only revised if a significant event or a significant change in circumstances occurs, which affects this assessment, and that is within the control of the lessee. GROUP COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

8.5

8.2

10.8

10.4

Interest expense (included in finance cost) (note 5(b)) Expense relating to short-term leases (included in other operating expenses)

0.8 9.3

0.8 9.0

1.0

1.0

11.8 11.4 The total cash outflow for leases in Group in 2025 was MUR55.2m (2024: MUR52.3m); made of capital MUR46.7m (2024: MUR41.5m) and interest MUR8.5m (2024: MUR10.8m); and in Company was MUR53.0m (2024: MUR50.4m); made up of capital MUR44.8m (2024: MUR40.0m) and interest MUR8.2m (2024: MUR10.4m).

25. INTANGIBLE ASSETS (a) GROUP

Customer portfolio

Goodwill on acquisition

Dealer relationship

Software/ others

TOTAL

MUR m MUR m MUR m MUR m MUR m

Cost

31.0

12.8

48.5

324.8

417.1

At 1 October 2023

– – –

– – –

– –

8.0

8.0

Additions

(0.1)

(0.1)

Scrapped assets Forex adjustment

1.5

5.0

6.5

31.0

12.8

50.0

337.7 105.5 443.2

431.5 105.5 537.0

At 30 September 2024

–

–

–

Additions

At 30 September 2025

31.0

12.8

50.0

Amortisation/Impairment At 1 October 2023 Charge for the year Forex adjustments At 30 September 2024 Charge for the year At 30 September 2025 Carrying value At 30 September 2025 At 30 September 2024

4.9 3.1

– – – – – –

2.7

258.4

266.0

14.9

27.8

45.8

–

–

5.0

5.0

8.0 3.1

17.6 11.0 28.6

291.2

316.8

28.9

43.0

11.1

320.1

359.8

19.9 23.0

12.8 12.8

21.4 32.4

123.1

177.2 114.7

46.5