Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 209

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 209
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 Mozambique, Portugal, Spain, Karooooo Logistics and Other.

                                   Cartrack                                                                  
  Figures in Rand thousands      Mozambique                                                                  
  At March 1, 2023                   82,277       34,469       24,432      12,989      58,314       212,481  
  Acquisition of subsidiary               -            -            -       6,223      -              6,223  
  Translation adjustments             4,027        2,346        1,663         640      -              8,676  
  At February 29, 2024               86,304       36,815       26,095      19,852      58,314       227,380  
  Translation adjustments           ( 3,497      ( 2,705      ( 1,917       ( 704      -            ( 8,823  
  Impairment of goodwill           ( 43,600            -            -           -      -           ( 43,600  
  At February 28, 2025               39,207       34,110       24,178      19,148      58,314       174,957  

The "Other" component comprises
more than 10 CGUs, none of which are individually material.

As of February 28, 2025, the accumulated
impairment related to the Mozambique CGU amounted to ZAR43.6million (2024: NIL).

F-29

Impairment testing

The Group performs its annual impairment
test at the end of each financial year, or more frequently if there are indications that goodwill may be impaired.

The Group considers the relationship
between its market capitalization and its equity attributable to equity holders of the parent, among other factors, when performing the
annual test of impairment. At February 28, 2025, the market capitalization of the Group exceeded the value of equity by ZAR25.8billion
(2024: ZAR11.3billion).

The Group determines the recoverable
amount of each cash-generating units (CGU) based on the higher of its value in use calculations and fair value less costs of disposal.
The recoverable amounts of Mozambique, Portugal, Spain and Karooooo Logistics were calculated by using discounted cash flow valuation
technique, which requires the use of various estimates. Each of the cash flow