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.

During the year ended 30 June 2021, intangibles assets in progress amounting to MUR 9.0m has been written off and MUR 1.2m has been disposed off since management decided not to proceed with the projects. The directors have reviewed the carrying amount of the Bank’s intangible assets and are of the opinion that no impairment is required at the reporting date (2020 and 2019: Nil).