The directors have reviewed the carrying amount of the Group’s property and equipment and are of the opinion that no impairment is required at the reporting date (2019 and 2018: Nil).

For the year ended 30 June 2020, an amount of MUR 0.6M (2019: MUR 3.4M) with respect to certain categories of assets have been written off due to damage.

For the year ended 30 June 2018, an amount of MUR 12.4M with respect to certain categories of assets have been written off due to existing structure and partitions were dismantled following renovations made.

The directors have reviewed the carrying amount of the Bank’s property and equipment and are of the opinion that no impairment is required at the reporting date (2019 and 2018: Nil)