Page 229 - CJ 2019 INTEGRATED REPORT

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18 (vi)
(vii) (viii)
(ix) (x)
NOTES TO THE FINANCIAL
STATEMENTS 31 DECEMBER 2019 (CONTINUED)
FINANCIAL
ASSETS HELD AT AMORTISED COST (CONTINUED)
Deposits with financial institutions
Deposits placed with financial institutions
have maturities ranging from 1 1 1 1 - 2 2 2 2 2 years and earn interest at at at the the rate of 2 2 2 2 2 6% 6% (2018 – 2 2 2 2 2 6%) per annum for the the the the year
year
ended 31 December
2019 Placement is made through a a a a a a a a a a a a a a a a a a a fund manager who ensures the the the credit quality of these deposits At 31 December
2019 statutory deposits comprised of of fixed deposit deposit certificates of of Rs Rs 10 10 000
000
000
000
000
000
000
000
(2018 – Rs 10 000
000
000) The other classes of loans and receivables do not contain impaired assets The maximum exposure to credit risk at at reporting date is is the carrying value of of each class of of loans and receivables mentioned above The Group does not not hold any collateral as security other than already disclosed in note 18(i) and 18(iv) Currency profile o of financial assets held at amortised cost
The carrying amounts of the the Group’s and and Company’s loans and and receivables are denominated in in in in the the following currencies:
GROUP COMPANY 2018
2018
2018
2018
Rs’000
Rs’000
Rs’000
Rs’000
Rs’000
Rs’000
2019 Rs’000
1 1 205 631
45 297
9 831
25
1 260 784
2019 Rs’000
888 255
- - - 888 255
19 PREPAID OPERATING LEASE Group At 01 January Additions
during the year
Amortisation for the year
At 31 December
Cost associated to lease
Rs’000
119 545 5 727
(2 557) 122 715
Contribution to lease
Rs’000
49 652 - (817) 48 835
2018
Total
Rs’000
169 197 5 727
(3 374) 171 550
Mauritian Rupees
US Dollars
Euros 26
26
264 - - Great Britain Pounds
384 - - 1 1 1 1 181 189 764 035
Financial assets at amortised cost
exclude deposits deposits with financial institutions
amount receivable from MRA prepayments and deposits 1 1 1 1 123 181 764 035
31 360 - - 2019 Cost associated to lease
Contribution to lease
Total
Rs’000
Rs’000
Rs’000
122 715
48 835
171 550
- - - (1 824)
(3 882)
(5 706)
120 891
44 953
165 844
INTEGRATED REPORT 2019