Constance Hotels, Resorts and Golf | Annual Report 2023
188
Financial Statements
Constance Hotels Services Limited
Annual Report 2023
189
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
23.
OPERATING PROFIT
23.
OPERATING PROFIT (continued)
THE GROUP
THE COMPANY
Other operating income
(c)
THE GROUP
THE COMPANY
2023
2023
2022
2022
MUR’000
MUR’000
MUR’000
MUR’000
2023
2023
2022
2022
MUR’000 143,727 32,959
MUR’000
MUR’000
MUR’000
The operating profit is arrived at: after crediting: Other operating income Net foreign exchange transaction gains
25,058 97,189
Net foreign exchange gains
92,252 32,403
19,526 91,602
32,959 143,727
97,189 25,058
32,403 92,252
91,602 19,526
Marketing recharge
1,647
617
Profit on disposal of property, plant and equipment
-
-
1,647
617
Profit on disposal of property, plant and equipment
-
-
178,333
122,864
124,655
111,128
after charging: Cost of sales Operating expenses
2,322,906
- - - -
2,032,647
- - - -
Employee benefits expense
(d)
707,142
558,423
THE GROUP
THE COMPANY
1,956
Loss on disposal of property, plant and equipment
2,951
(37,634)
2023
2023
Loss allowance recognised Administrative expenses
22,435
2022
2022
1,302,476
123,819
MUR’000
MUR’000
1,096,912
99,611
MUR’000
MUR’000
Included in employee benefits expense are: Wages and salaries
Cost of inventories expensed
(a)
1,066,498
21,955
914,832 48,184 96,928 156,717
19,994
THE GROUP
54,504 191,953 178,039
9,996
Social security costs
9,970 1,547 5,599
2023
12,326
2022
Pension and other retirement costs
MUR’000 879,694 298,645 1,178,339
5,987
MUR’000
Other employment benefits other than pensions
1,490,994
50,264
Food and beverages and room supplies
792,891 279,515
1,216,661
37,110
Others
1,072,406
24.
FINANCE COSTS
Others comprise spare parts, fabrics and garments.
THE GROUP
THE COMPANY
Administrative and operating expenses
2023
2023
(b)
2022
2022
MUR’000
MUR’000
MUR’000
MUR’000
THE GROUP
THE COMPANY
Interest expense: - Bank overdrafts
2023
2023
2022
2022
11,318 402,095 318,438
291
14,514 309,604 315,968
1,026
MUR’000
MUR’000
MUR’000
MUR’000
116,154
- Bank and other borrowings repayable by instalments
97,913
9
- Leases (Note 6) - Other interests
80
1,490,994
50,264
Employee benefits expense (Note 23 (d))
1,216,661
37,110 17,845
1,652
36,837
119
30,911
290,007 118,755 280,934 95,200 310,524 51,001 518,726
-
Marketing expenses
225,217 88,745 241,053 67,769 281,552 41,974 455,556
1,394
Repairs and maintenance Energy and other utilities
- - -
733,503
153,291
Total finance costs
640,205
129,930
668
3,409
Property costs
Other interests comprise mainly finance costs on intercompany loans.
36,894
Payment of services Levy and other taxes
25,833
-
-
31,190
Others
18,823
25.
EARNINGS/(LOSS) PER SHARE
3,156,141
123,819
2,618,527
99,611
THE GROUP
THE COMPANY
Others comprise stationery and professional fees.
2023
2023
2022
2022
283,316 109,653
507,288 109,653
Profit/(loss) attributable to owners’ interest
MUR’000
224,728
(110,892)
Number of ordinary shares in issue (thousands)
109,653
109,653
2.58
4.63
Earnings/(loss) per share (basic and diluted)
MUR
2.05
(1.01)
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