GRAYSTON DRIVE AUTOS (RF) LIMITED - Availability of the Annual Financial Statements - Grayston Drive Autos (RF) Limited

Availability of the Annual Financial Statements - Grayston Drive Autos (RF) Limited

Grayston Drive Autos (RF) Limited
(Incorporated in the Republic of South Africa)
Registration No. 2018/315240/06
Debt Issuer code: GRDI

AVAILABILITY OF THE ANNUAL FINANCIAL STATEMENTS OF THE ISSUER

Noteholders are advised that the annual financial statements of the Issuer for the year ended 31 March
2024 (the "2024 AFS") are available for inspection at the Issuer's registered office.

The financial statements of the Issuer have also been made available on their website at:
https://www.investec.com/en_za/investec-for-institutions/fixed-income/structured-sales/grayston-drive-
autos.html

Noteholders are further advised that the audit report on the 2024 AFS of the Issuer was unqualified, with
no modifications applicable.

The presentation of the Statement of changes in equity was modified for the following:

The statement of changes in equity for the year ended 31 March 2023 previously presented cash flow
hedge reserve movements through other comprehensive income in the following two-line items: "Cash flow
hedges - effective portion of changes in fair value" and "Cash flow hedges - reclassified to profit or loss.
These two-line items have now been restated and presented as a single line item called "Release of cash
flow hedge reserve" on the face of the statement of changes in equity. Management believes that the
restated statement of changes in equity better reflect the circumstances resulting in the release of the
cashflow hedge reserve i.e. in April 2022, all the vehicle instalment loan assets were sold to Investec Bank
Limited resulting to the currency swap being terminated and the entire cashflow hedge reserve balance
released.

The presentation of the Statement of Cashflow was enhanced for the following:

The statement of cash flows for the year ended 31 March 2023 does not separately (as individual line items)
disclose interest received and interest paid as required under the IFRS Accounting Standards. The annual
financial statements of the Issuer for the year ended 31 March 2024 contain a footnote to include this
information on the face of the statement of cash flows.


31 July 2024

Debt Sponsor
Investec Bank Limited

Date: 31-07-2024 11:38:00
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