The directors have reviewed the carrying amount of the Group’s intangible assets and are of the opinion that no impairment is required at the reporting date.

For the year ended 30 June 2021, an amount of MUR 3.1m (2020: 0.6m and 2019: MUR 3.4m) with respect to certain categories of assets have been written off due to damage. Assets amounting to MUR 5.5m was given to a staff as benefits and has been written off during the year ended 30 June 2021.

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 (2020 and 2019: Nil)