Constance Hotels, Resorts and Golf | Annual Report 2023

26

Strategic Insights

Constance Hotels Services Limited

Annual Report 2023

27

Strategic Insights

Constance Hotels Services Limited

Annual Report 2023

Group Financial Highlights

Value Added Statement

2023 MUR’000 5,727,053

2022 MUR’M 5,091,004

2023 MUR’M 17,073

2022 MUR’M

%

%

Statement of Financial Position

Revenue

Total assets Borrowings

16,411

658,363

Value Added Tax/Goods and Services Tax

521,066

4,770 4,893 5,832

5,160 4,457 5,387

Total Revenue

6,385,416 (2,502,222) 3,883,194

5,612,070 (2,661,027) 2,951,043

Owners' interest

Payment to suppliers for materials and services

Total equity

Value added by operations Other income/(charges)

176,686

124,655

2023 MUR’M

2022 MUR’M

Total wealth created

4,059,880

100%

3,075,698

100%

Statement of Cash Flow

1,275

Net cash generated from operating activities

1,290 (199) (510)

Distributed as follows: Employees Salaries and wages

(31)

Net cash used in investing activities Net cash used in financing activities

(1,209)

1,567,964 1,567,964

1,303,559 1,303,559

39%

42%

2023 MUR’M

2022 MUR’M

Government Value Added Tax/Goods and Services Tax

Statement of Profit or Loss

658,363 29,158 101,311

521,066 22,964 141,539

5,727 1,571

Revenue EBITDA

5,091 1,525

Environment fees Corporate tax

967

Operating profit

864

2,555

Licences, land leases and other local tax

1,909

(734)

Finance cost

(640)

42,541

Social security charges

37,527

422 321 283

Profit before taxation

389 247 225

833,928

21%

583,466

19%

Profit for the year

Reinvested to maintain/develop operations Depreciation and amortisation

Profit attributable to owners of the parent

641,169 283,316 924,485

638,064 224,728 862,792

Retained earnings

23%

28%

Financial Ratios

2023 44.62

2022 40.65

Providers of capital Interest on financial debt

NAV per share

MUR

733,503 733,503

18% 18%

325,881 325,881

11% 11%

0.82

Debt to equity ratio

0.96

27.00

Operating margin

% %

30.00

4,059,880

100%

Total wealth distributed

3,075,698

100%

5.50 1.27 2.58

Return on total equity Interest cover ratio Earnings per Share

4.59 1.37 2.05

MUR

18%

23%

11%

28%

Employees Government

2023

2022

Providers of Capital Reinvested to maintain/develop operations

42%

19%

21%

39%