Constance Hotels, Resorts and Golf | Annual Report 2023
120
Corporate Governance
Constance Hotels Services Limited
Annual Report 2023
121
Corporate Governance
Constance Hotels Services Limited
Annual Report 2023
Statement of Directors’ Responsibilities In Respect of Financial Statements
Other Statutory Disclosures (Pursuant to section 221 of the Companies Act 2001)
Directors of Subsidiary Companies (as at 31 December 2023)
The Directors acknowledge their responsibilities for:
i. Adequate accounting records and maintenance of effective internal control systems; ii. The preparation of financial statements which fairly present the state of affairs of the Company as at the end of the financial year and the results of its operations and cash flows for that period and which comply with International Financial Reporting Standards (IFRS); iii. The selection of appropriate accounting policies supported by reasonable and prudent judgements.
The External Auditors are responsible for reporting on whether the financial statements are fairly presented. The Directors report that:
Directors
Ariatoll
Services Ltd
Beauport
Industries Limited
Constance Hospitality Management Limited
Constance Hospitality Training Centre Ltd
Constance Hotels International Services Limited Constance Hotels Investment Limited Constance
Industries Limited Halaveli
Development Ltd
Hotels Constance (UK) Ltd LRM
Company Ltd Moofushi
Development Ltd
Mourouk Ebony
Management Ltd White Sand
Paradise Ltd
The Waterfront Pvt Ltd
i. Adequate accounting records and an effective system of internal controls and risk management have been maintained; ii. Appropriate accounting policies supported by reasonable and prudent judgements and estimates have been used consistently; iii. International Financial Reporting Standards have been adhered to. Any departure in the interest of fair presentation has been disclosed, explained and quantified; iv. The Code of Corporate Governance has been adhered to in all material aspects and reasons provided for non-compliance.
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Jitendra BISSESSUR Kevin CHAN TOO
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Ganeshanlall CHEENEEBASH Vincent DE MARASSE ENOUF
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George J. DUMBELL
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Ezra S. JHUBOO
Jayeen S. Georges JHUBOO
Kian Serge S JHUBOO
Approved by the Board of Directors on and signed on its behalf by:
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Tangi LEGRAND
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Liong Kian LI KWOK CHEONG Tat Kien LI KWOK CHEONG
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Andrew MILTON Clément D. REY
George J. Dumbell (s) Chairman
Clément D. Rey (s) Executive Director Constance Group Chief Executive Officer
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Glenny SAVY
Rod THORRINGTON Jean-Jacques VALLET
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28 March 2024
DONATIONS There were no political donation made for both 2023 and 2022. For other disclosures on donations, please refer to page 55.
AUDITORS’ REMUNERATION The fees paid to the auditors (exclusive of VAT) were:
THE GROUP
THE HOLDING COMPANY
2023 MUR’000
2022 MUR’000
2023 MUR’000
2022 MUR’000
Audit fees paid to: Ernst & Young
6,192
1,750
5,925
1,750
895
-
Other firms
822
-
Fees for other services paid to: Ernst & Young
452 681
150
102
- -
-
Other firms
1,265
Fees for other services relate to accounting, consultancy and taxation services.
George J. Dumbell (s) Chairman
Clément D. Rey (s) Executive Director Constance Group Chief Executive Officer
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