Constance Hotels, Resorts and Golf | Annual Report 2023

162

Financial Statements

Constance Hotels Services Limited

Annual Report 2023

163

Financial Statements

Constance Hotels Services Limited

Annual Report 2023

Notes to the Financial Statements Year ended December 31, 2023

Notes to the Financial Statements Year ended December 31, 2023

5.

PROPERTY, PLANT AND EQUIPMENT (continued)

6.

RIGHT-OF-USE ASSETS

THE COMPANY

THE GROUP

(e)

Plant &

Motor Furniture &

Computer

Land and Leasehold land

Plant and machinery MUR’000

Motor

machinery

vehicles

fittings equipment

Total

building MUR’000

payments MUR’000

vehicles MUR’000

Total

MUR’000 MUR’000

MUR’000

MUR’000

MUR’000

MUR’000

COST At January 1, 2023

COST At January 1, 2023 Remeasurement (*)

1,735

10,779 (1,695)

5,544

26,446

44,504 (1,695)

4,206,230

1,217,774

58,524

52,185

5,534,713

-

-

-

4,132

- - - - -

- - - - - -

-

4,132

Disposals

259,105

21,437 (3,225)

280,542 (3,225) (58,524) 332,934

Additions (**)

At January 1, and December 31, 2023

1,735

9,084

5,544

26,446

42,809

- -

Disposal

(58,524)

- - -

Transfer to property, plant and equipment

DEPRECIATION At January 1, 2023 Charge for the year Disposal adjustment

332,934 28,345

Acquisition of subsidiary (Note 30)

1,548

10,779

5,426

26,446

44,199

10,454

38,799

Exchange differences

87

-

59

- -

146

-

(1,695)

-

(1,695)

At December 31, 2023

4,830,746

1,228,228

70,397

6,129,371

At December 31, 2023 NET BOOK VALUES At December 31, 2023

1,635

9,084

5,485

26,446

42,650

DEPRECIATION At January 1, 2023 Charge for the year

714,373 200,371

587,167 44,675

39,678

47,475

1,388,693

5,853

5,725

256,624 (3,225) (45,531)

100

-

59

-

159

- -

- - -

-

(3,225)

Disposal

(45,531)

- - -

Transfer to property, plant and equipment

4,561 5,957

- - -

4,561

Acquisition of subsidiary (Note 30)

THE COMPANY

(f)

5,239

11,196

Exchange differences

Plant &

Motor Furniture &

Computer

machinery

vehicles

fittings equipment

Total

At December 31, 2023 NET BOOK VALUES At December 31, 2023

925,262

637,081

49,975

1,612,318

MUR’000 MUR’000

MUR’000

MUR’000 MUR’000

COST At January 1, and December 31, 2022

3,905,484

591,147

-

20,422

4,517,053

1,735

10,779

5,544

26,446

44,504

DEPRECIATION At January 1, 2022 Charge for the year Disposal adjustment

THE GROUP

Leasehold

1,452

10,779

5,301

26,387

43,919

Land and building MUR’000

land

Plant and machinery MUR’000

Motor

96

- -

125

59

280

payments MUR’000

vehicles MUR’000

Total

-

-

-

-

MUR’000

At December 31, 2022

1,548

10,779

5,426

26,446

44,199

COST At January 1, 2022 Remeasurement (*)

NET BOOK VALUES At December 31, 2022

4,126,576

1,203,400

58,524

53,418

5,441,918

187

-

118

-

305

37,163

- - -

- - - -

- -

37,163

Additions Disposal

3,517

3,517

(g) Bank borrowings are secured by floating charges on the assets of the Group and Company including Land and Building (Note 17).

-

(1,233)

(1,233) 53,348

Exchange differences

38,974

14,374

-

At December 31, 2022

4,206,230

1,217,774

58,524

52,185

5,534,713

(h) Total depreciation charge for both the Group and the Company have been included in operating expenses.

DEPRECIATION At January 1, 2022 Charge for the year

514,919 193,084

536,297 44,208

33,825

44,591

1,129,632

5,853

4,117

247,262

Disposal

-

-

- -

(1,233)

(1,233) 13,032

Exchange differences

6,370

6,662

-

At December 31, 2022

714,373

587,167

39,678

47,475

1,388,693

NET BOOK VALUES At December 31, 2022

3,491,857

630,607

18,846

4,710

4,146,020