Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 226

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 226
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 at a rate of 3% p.a plus 12-month Euro                           
  Interbank Offered Rate (“ EURIBOR”). The reform of EURIBOR was completed and as a result it can continue to be used as a reference  
  rate. The term loan was fully repaid on January 18, 2024.                                                                           
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  During the financial year ended                                                                                                       
  February 2024, the Group utilized the term loan facility with Standard Bank of South Africa Limited and attracted interest at a rate  
  of 2.05% plus 3-month Johannesburg Interbank Average Rate (“ JIBAR”). The facility was repaid on February 26, 2024.                   
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

No financial instruments were entered
into to mitigate the risk of interest rate movements.

Interest rate sensitivity

The following table illustrates the effects on Group’s
earnings and equity, all other factors remaining constant. A factor of1% has been applied to the interest rates:

                                                  As of February 28/29                                    
  Figures in Rand thousands                                       2025                   2024             
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Effect on profit before tax ( 1% increase)                                ( 5,203                ( 479  
  Effect on profit before tax ( 1% decrease)                                  5,203                  479  

F-48

30.
ANALYSIS OF ASSETS AND LIABILITIES BY FINANCIAL INSTRUMENT CLASSIFICATION

The following table shows the carrying amounts and classification
of financial assets and financial liabilities. The carrying amounts approximate their fair values.

                                                                                 As of February 28/29                                
  Figures in Rand thousands                                                                      2025                                
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Financial assets (at amortized cost)                                                                                               
  Loan to a related party                                                12                                   28,700         28,200  
  Trade and other receivables (exclude prepayments and other taxes)      11                                  538,186        931,495  
  Cash and cash equivalents                                              13                                1,042,882        459,527  
                                                                                                           1,609,768      1,419,222  
  Financial liabilities