REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER THE GROUP THE COMPANY Collectively assessed Individually assessed Total Collectively assessed Individually assessed Total MUR ‘000 MUR '000 MUR ‘000 MUR '000 MUR ‘000 MUR ‘000 At 1 July 2020 14 286 111 011 125 297 10 450 57 188 67 638 (Reversal)/Charge for the year (3 440) (1 738) (5 178) (3 440) 3 097 (343) Write off – (310) (310) – (310) (310) Exchange differences 860 7 849 8 709 – – – At 30 June 2021 11 706 116 812 128 518 7 010 59 975 66 985 (d) The other classes within trade and other receivables do not contain impaired assets. The maximum exposure to credit risk at the reporting date is the fair value of each class of receivable mentioned above. The Group does not hold any collateral as security. The carrying amounts of trade and other receivables approximate their fair values. (e) Bank borrowings are secured by fixed and floating charges over the receivables of the Group and Company. 13. STATED CAPITAL THE GROUP AND THE COMPANY 2022 and 2021 Number of shares Ordinary shares MUR '000 Share premium MUR '000 Total MUR '000 Issued and fully paid At 1 July and at 30 June 16 447 000 164 470 202 492 366 962 The holders of the fully paid ordinary shares are entitled to one voting right per share, carry a right to dividends but no right to fixed income. The total number of ordinary shares issued is 16 447 000 (2021: 16 447 000) with a par value of MUR 10 per share (2021: MUR 10 per share). All issued shares are fully paid. 12. TRADE AND OTHER RECEIVABLES (continued) (c) The closing loss allowances for trade receivables as at 30 June 2022 and 2021 reconcile to the opening loss allowances as follows (continued): 14. OTHER RESERVES (a) The Group REVALUATION AND OTHER RESERVES Revaluation reserve MUR '000 Other reserves MUR '000 Translation reserve MUR '000 Fair value reserve MUR '000 Total MUR '000 2022 At 1 July 2021 1 050 285 5 350 172 674 (402) 1 227 907 Other comprehensive income: Other movements in associate – – – 35 35 Revaluation on land and buildings 402 354 – – – 402 354 Deferred tax on revaluation of buildings (45 264) – – – (45 264) Exchange differences – – (80 684) – (80 684) At 30 JUNE 2022 1 407 375 5 350 91 990 (367) 1 504 348 The Group REVALUATION AND OTHER RESERVES Revaluation reserve MUR '000 Other reserves MUR '000 Translation reserve MUR '000 Fair value reserve MUR '000 Total MUR '000 2021 At 1 July 2020 1 063 717 5 350 76 893 2 505 1 148 465 Other comprehensive income: Other movements in associate – – – (2 907) (2 907) Reversal of revaluation on land and buildings (13 064) – – – (13 064) Exchange differences – – 95 781 – 95 781 Transfer to retained earnings (368) – – – (368) At 30 JUNE 2021 1 050 285 5 350 172 674 (402) 1 227 907 NOTES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 1 79 1 78 Phoenix Beverages Limited Integrated Report 2022 Phoenix Beverages Limited Integrated Report 2022
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