Constance Hotels, Resorts and Golf | Annual Report 2023

132

Financial Statements

Constance Hotels Services Limited

Annual Report 2023

133

Financial Statements

Constance Hotels Services Limited

Annual Report 2023

Statement of Changes in Equity Year ended December 31, 2023

Statement of Profit or Loss and Other Comprehensive Income Year ended December 31, 2023

THE GROUP

THE COMPANY

Notes

2023

2023

2022

2022

MUR’000

MUR’000

MUR’000

MUR’000

Attributable to owners of the parent Actuarial Non- Stated Revaluation Translation loss Retained controlling Convertible Total THE GROUP Notes capital reserve reserve reserve earnings Total interests bonds equity MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000

Interest on convertible bonds - - - - (33,555) (33,555) (865) - (34,420) Acquisition of a subsdiary - - - - - - 8,000 - 8,000 Dividends - - - - - - (36,956) - (36,956)

THE COMPANY capital earnings Total MUR’000 MUR’000 MUR’000

Interest on convertible bonds - - - - (24,341) (24,341) (495) - (24,836) Dividends - - - - - - (35,242) - (35,242) At December 31, 2022 2,153,395 3,299,925 737,947 (238,373) (1,495,407) 4,457,487 (32,630) 961,715 5,386,572 Stated Retained

Total Comprehensive income - 232,800 (44,271) (67,296) 224,728 345,961 22,874 - 368,835 Issue of convertible bonds 20 - - - - - - - 314,735 314,735

At December 31, 2023 2,153,395 3,299,925 874,048 (188,612) (1,245,646) 4,893,110 (22,817) 961,715 5,832,008 At January 1, 2022 2,153,395 3,067,125 782,218 (171,077) (1,695,794) 4,135,867 (19,767) 646,980 4,763,080 Profit for the year - - - - 224,728 224,728 22,684 - 247,412 Other comprehensive income for the year 16 - 232,800 (44,271) (67,296) - 121,233 190 - 121,423

At January 1, 2023 2,153,395 3,299,925 737,947 (238,373) (1,495,407) 4,457,487 (32,630) 961,715 5,386,572 Profit for the year - - - - 283,316 283,316 37,687 - 321,003 Other comprehensive income for the year 16 - - 136,101 49,761 - 185,862 1,947 - 187,809 Total Comprehensive income - - 136,101 49,761 283,316 469,178 39,634 - 508,812

At December 31, 2023 2,153,395 (60,636) 2,092,759 At January 1, 2022 2,153,395 (457,032) 1,696,363 Loss for the year - (110,892) (110,892)

At January 1, 2023 2,153,395 (567,924) 1,585,471 Loss for the year - 507,288 507,288

321,003

507,288

Profit/(loss) for the year

247,412

(110,892)

At December 31, 2022 2,153,395 (567,924) 1,585,471 The notes on pages 135 to 194 form an integral part of these financial statements. Auditor’s report on pages 123 to 127.

Other comprehensive income: Items that will not be reclassified to profit or loss: Remeasurement of defined benefit obligations

61,144

- - -

18

(81,114) 232,800

- - -

-

Revaluation of land

5 9

1,103

Share of other comprehensive income of associates

1,825

Deferred tax relating to these items - defined benefit obligations

(10,394)

-

11

13,789

-

Items that may be reclassified subsequently to profit or loss: Currency translation differences Share of other comprehensive income of associates

33,393 102,563 187,809 508,812

- - -

4,729

- -

9

(50,606)

Other comprehensive income for the year

121,423

-

Total comprehensive income/(loss) for the year

507,288

368,835

(110,892)

Total comprehensive income/(loss) attributable to: Owners of the parent

469,178 39,634 508,812

507,288

345,961 22,874

(110,892)

-

Non-controlling interests

-

507,288

368,835

(110,892)

The notes on pages 135 to 194 form an integral part of these financial statements. Auditor’s report on pages 123 to 127.