Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 214

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 19
Chunk 214
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  Beginning balance                                                        ( 165,240      ( 149,541  
  Allowance for expected credit losses, net                                ( 114,555      ( 109,422  
  Amounts utilized                                                            67,292         90,538  
  Translation adjustments                                                      1,597          3,185  
  Ending balance                                                           ( 210,906      ( 165,240  

12.
LOANS TO/(FROM) RELATED PARTIES

                                 As of February 28/29                          
  Figures in Rand thousands                      2025                          
 ───────────────────────────────────────────────────────────────────────────────
  Non-current assets                                                           
  Loan to a related party                                  28,700      28,200  
  Current liabilities                                                          
  Loan from a related party                                 ( 138       ( 924  

Related party loans are unsecured, bear no interest and
have no fixed terms of repayment. The fair value of these financial instruments approximates the carrying amount.

F-33

13.
CASH AND CASH EQUIVALENTS AND BANK OVERDRAFT

                                                                                     As of February 28/29                               
  Figures in Rand thousands                                                                          2025                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash on hand                                                                                                     4,054         1,965  
  Bank balances                                                                                                  208,971       457,366  
  Short-term deposits                                                                                            829,857           196  
  Cash and cash equivalents in the consolidated statement of financial position                                1,042,882       459,527  
  Bank overdrafts                                                                                              ( 205,299      ( 23,362  
  Cash and cash equivalents in the consolidated statement of cash flows                                          837,583       436,165  
  Current assets                                                                                               1,042,882       459,527  
  Current liabilities                                                                                          ( 205,299      ( 23,362  
                                                                                                                 837,583       436,165  

Information on cash flow management is included in Note
29.2 (b). Refer to Note 33 for information on the various facilities available to the Group.

14.
SHARE CAPITAL AND TREASURY SHARES

                                                                                           As of February 28/29                                          
  Figures in Rand thousands                                                                                2025                     2024                 
 ─────────────────────────────────────────────────────────────────────────