Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 227

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 227
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 (at amortized cost)                                                                                          
  Loan from a related party                                              12                                      138            924  
  Trade and other payables (exclude other taxes)                         18                                  414,147        398,153  
  Term loans                                                             15                                  314,953         48,179  
  Bank overdraft                                                         13                                  205,299         23,362  
                                                                                                             934,537        470,618  

F-49

31.
FAIR VALUE OF ASSETS AND LIABILITIES

Fair value hierarchy

The Group categorizes fair value measurement using a fair
value hierarchy that is dependent on the valuation inputs used as follows:

  Level 1:      Quoted prices (unadjusted) in active markets for identical                

  Level 2:      Inputs other than quoted prices included within Level 1 that                                                           

  Level 3:      Unobservable inputs for the asset or liability  

Fair value measurements that use inputs of different hierarchy
levels are categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to
the entire measurement.

Assets and liabilities not measured at fair value, for
which fair value is disclosed

As of February 28, 2025, the fair value of loan to a related
party as disclosed in the table below is based on significant unobservable inputs (Level 3) and have been calculated by discounting the
expected future cash flows using rates currently available for instruments on with similar terms, credit risk and remaining maturities.

                                 As of February 28, 2025                                                                           
  Figures in Rand thousands      Notes                                Carrying amount                  Aggregate fair              
                                                                                                       value                       
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Loan to a related party                                     12                           28,700                          28,700  

Fair value of financial instruments by classes that are
not carried at fair value and whose carrying amounts are reasonable approximation of fair value

Cash and cash equivalents (Note 13),
trade and other receivables (Note 11), trade and other payables (Note 18), term loans (Note 15), loan from a related party (Note 12),
and lease liabilities (Note 16). The carrying amounts of these financial assets and liabilities are reasonable approximation of fair values
as they are short term in nature, market interest rate instruments.

Fair value of financial instrument classes that are not
car