Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 205

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 205
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 or more uncertain future events not
wholly within the control of the Group.

Contingent liabilities and assets are not recognized on
the statement of financial position of the Group.

3.
STANDARDS ISSUED BUT NOT YET EFFECTIVE

The Group will apply for the first-time
certain standards and amendments, which are effective for annual periods beginning on or after March 1, 2025. The Group has not early
adopted any other standard, interpretation or amendment that has been issued but is not yet effective.

The Group is in the process of assessing
the impact of the new and amended standards on the Group’s consolidated financial statements.

  Details of amendments to SASB standards                                                                                      Annual periods      
  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 Investor and its Associate or Joint Venture      To be determined    

4. SEGMENT REPORTING

Operating segments are reported in a manner consistent with
the internal reporting provided to the Chief Operating Decision Maker (“ CODM”). The CODM, who is responsible for allocating
resources and assessing performance of the operating segments, has been identified as the Group Chief Executive Officer (“ CEO”),
who makes strategic decisions.

The Group organized its business units based on its products
and services into the following reportable segments:

  Cartrack is a provider of an on-the-ground operational Internet of Things (“ IoT”) Software-as-a-service                    

  Karooooo Logistics provides a software application enabling the management of last mile delivery and general operational logistics.             

  Carzuka was a physical and e-commerce vehicle buying and selling marketplace                                                                
  which allows customers to source, buy and sell vehicles efficiently and cost effectively. During the third quarter of the FY 2024, despite  
  the growth experienced by Carzuka in South Africa, a decision was made to cease buying second hand vehicles in South Africa. This follows   
  considerable interaction with