Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 108

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4A
Chunk 108
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 28, 2025. As the second largest contributor to the Group, we view Southeast Asia as the Group’s most compelling growth
opportunity in the medium to long term.

We have elected to omit discussion
of the earliest of the three years covered by our consolidated financial statements presented in this annual report because the disclosure
as at and for the financial year ended February 28, 2023 was included in our annual report on Form 20-F (File No. 001-40300), filed with
the SEC on June 13, 2024, under the section titled “ Item 5. Operating and Financial Review and Prospects.”

Recent Accounting Pronouncements

A discussion of new accounting
guidance that we have recently adopted, as well as accounting guidance that has been recently issued but not yet adopted by us, is included
below and in Note 3 - New standards and interpretations of our consolidated financial statements included elsewhere in this annual
report.

The new and amended standards
and interpretations that are issued, but not yet effective, up to the date of issuance of the Group’s financial statements which
could be relevant to the Group are disclosed below. The Group intends to adopt these new and amended standards and interpretations, when
they become effective. At the date of authorization of the financial statements, the Group continues to assess and evaluate the impact
to its financials on the initial adoption of these new accounting standards and interpretations and its related applicable period.

  Details of amendment                                                                                                          Annual periods beginning on/after  
  Amendments to IAS 21: Lack of Exchangeability                                                                                 January 1, 2025                    
  IFRS 7 and IFRS 9: Amendments to the Classification and Measurement of Financial Instruments                                  January 1, 2026                    
  Annual Improvements to IFRS Accounting Standards                                                                              January 1, 2026                    
  IFRS 18: Presentation and Disclosure in Financial Statements                                                                  January 1, 2027                    
  IFRS 19: Subsidiaries without Public Accountability: Disclosures                                                              January 1, 2027                    
  Amendments to IAS 28 and IFRS 10: Sale or Contribution of Assets between an Investors and its Associate or Joint Venture      To be determined                   

Emerging Growth Company

As a company with less than US$1.235
billion in revenue during our last financial year, we qualify as an “emerging growth company” as defined in the JOBS Act.
An emerging growth company