Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 217

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 217
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28/29                            
  Figures in Rand thousands                                         2025                            
 ────────────────────────────────────────────────────────────────────────────────────────────────────
  Maturities analysis                                                                               
  – within one year                                                           357,780      325,848  
  – within two to four years                                                  121,514      115,801  
  – over four years                                                             5,445        5,501  
  Present value of amounts received in advance                                484,739      447,150  

F-37

18.
TRADE AND OTHER PAYABLES

                                      As of February 28/29                            
  Figures in Rand thousands                           2025                            
 ──────────────────────────────────────────────────────────────────────────────────────
  Trade payables                                                                      
  Amounts due to related parties                                  3,686       12,230  
  Trade payables                                                212,310      207,308  
  Accrued expenses                                              156,321      149,251  
                                                                372,317      368,789  
  Other payables                                                                      
  Sundry creditors                                               32,804       19,639  
  Other taxes                                                    55,790       48,131  
  Dividend payable to NCI                                         9,026        9,725  
                                                                 97,620       77,495  
                                                                469,937      446,284  

The amounts due to related parties
are unsecured, interest-free and repayable on demand. Trade payables are non-interest bearing and are normally settled on30to60days
term. The fair value of the financial instruments approximates their carrying amounts.

19.
REVENUE

The Group generates revenue by offering
a full-stack smart mobility technology SaaS platform for connected vehicles and other assets, vehicles sales and delivery services. In
the following table, revenue from contracts with customers is disaggregated by revenue streams, primary geographical markets and timing
of revenue recognition.

                                                            As of February 28/29                                               
  Figures in Rand thousands                                                 2025                                               
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue from contracts with customers                                                                                        
  Subscription revenue - Cartrack                                                     4,055,394      3,522,816      3,003,931  
  Subscription revenue - Karooooo Logistics                                              12,783         12,989          6,141