| 2. | Accounting framework and significant judgements |
| 2.4 | Significant accounting judgements, estimates and assumptions |
| The preparation of financial statements requires the use of judgements, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Although these estimates and assumptions are based on management's best knowledge of current events and actions that the Group may undertake in the future, actual results may ultimately differ from those judgements, estimates and assumptions. | |
| The presentation of the results of operations, financial position and cash flows in the financial statements of the Group is dependent upon, and sensitive to, the accounting policies, assumptions and estimates that are used as a basis for the preparation of these financial statements. Management has made certain judgements in the process of applying the Group's accounting policies. These, together with the key judgements, estimates and assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date are as follows: |
| Significant accounting judgements, estimates and assumptions | Note reference | |
| Recognition and measurement of revenue | Note 3.2 | |
| Taxation | Note 8.1 | |
| Estimation of useful lives and residual values for property, plant and equipment | Note 5.1 | |
| Impairments of property, plant and equipment | Note 5.1 | |
| IFRS 16 (Leases) | Note 6.3 | |
| Estimation of useful lives and residual values for intangible assets | Note 5.2 | |
| Impairments of intangible assets | Note 5.2 | |
| CGU and goodwill impairment assessment | Note 5.3 | |
| Investment property | Note 5.4 | |
| Impairment of financial assets (expected credi losses) | Note 7.1.4 | |
| Deferred taxation asset | Note 8.2 | |
| Inventories | Note 4.2 | |
| Provisions | Note 6.5 | |
| Employee benefits | Note 10.1 | |
| Supply chain financing arrangements | Note 4.5 | |
| Contingent liabilities | Note 6.8 |
| 2.4.1 | Significant judgement in assessing if Swiftnet SOC Ltd ("Swiftnet") meets the IFRS 5 conditions to be classified as held for sale |
| In the current year, the Board gave in-principle approval to affirm and realise the value of its investment in Swiftnet. | |
| Management has been engaging with prospective buyers. Although the appropriate level of management is committed to the sale and there is an active project to identify a buyer, on 31 March 2023, Swiftnet was not classified as held for sale due to the significant uncertainty around whether the sale will be completed within one year, taking into consideration the required approvals and whether there will be significant changes to the plan to sell. Therefore, all of the criteria to be classified as held for sale in accordance with IFRS 5 (Non-current Assets Held For Sale and Discontinued Operations) were not met. |