Constance Hotels Services Limited | Annual Report 2025

197 ANNUAL REPORT 2025

Notes to the Financial Statements Year ended December 31, 2025

Notes to the Financial Statements Year ended December 31, 2025

11. DEFERRED INCOME TAX (CONT’D)

11. DEFERRED INCOME TAX (CONT’D)

(iii) Deferred tax assets

(d) The movement in deferred tax assets and liabilities during the year, without taking into consideration the offsetting of balances within the same fiscal authority of the same entity is as follows:

THE COMPANY

(i)

Deferred tax liabilities

Accelerated tax depreciation

Total

THE GROUP

MUR’000

MUR’000

Accelerated tax

Revaluation

Rights-of- use assets MUR’000

At January 1, 2025

3,464 (759) 2,705 4,125 (661) 3,464

3,464 (759) 2,705 4,125 (661) 3,464

depreciation

reserves MUR’000

Total

Charged to profit or loss At December 31, 2025

MUR’000 222,056

MUR’000 504,577

93,591

188,930 (5,575)

At January 1, 2025

53,160

-

47,585

Charged/(credited) to profit or loss Credited to other comprehensive income

At January 1, 2024

-

(919)

-

(919)

Charged to profit or loss At December 31, 2024

At December 31, 2025

275,216

92,672

183,355

551,243

At January 1, 2024

143,368 78,688

87,727

165,464 23,466

396,559 102,154

Charged to profit or loss

-

12. INVENTORIES

Charged to other comprehensive income

-

5,864

-

5,864

At December 31, 2024

222,056

93,591

188,930

504,577

THE GROUP 2025

2024

MUR’000

MUR’000

Included in the amount charged to profit and loss is MUR 7.2 million pertaining to deferred tax impact for fair share contribution. Refer to note 3 for judgement.

At Cost/net realisable value Food and Beverages

334,962 91,868 116,569 33,154 15,975 10,413 608,747 (3,250) 605,497 5,806

290,815 90,249 117,360 32,939 14,682

(ii)

Deferred tax assets

Operating supplies

Maintenance Sales products

THE GROUP

Impairment loss provisions

Tax losses carried forward

Retirement benefit obligations

Printing and stationeries Marketing and advertising

Lease liabilities

7,525 5,127

Total

Others

MUR’000 MUR’000

MUR’000 MUR’000 MUR’000

558,697 (4,101) 554,596

At January 1, 2025

114,408

6,910

16,151

236,971 (1,380)

374,440 24,211

Less provision for slow moving stock

Credited/(charged) to profit or loss Credited to other comprehensive income

8,558 6,288

17,434

(401)

-

-

-

6,288

At December 31, 2025

129,254

24,344

15,750

235,591

404,939

(a) Bank borrowings are secured by floating charges on the assets of the Group including inventories (see Note 17).

At January 1, 2024

84,574 12,858 16,976

40,556

14,138

204,360 32,611

343,628 13,836 16,976 374,440

(b) The cost of inventories recognised as expense amounted to MUR 1,220 million (2024: MUR 1,230 million) for the Group.

Credited/(charged) to profit or loss Credited to other comprehensive income

(33,646)

2,013

-

-

-

(c) Included under the category “Others” are items such as decorations, uniforms, medical supplies, small operating supplies and other similar items.

At December 31, 2024

114,408

6,910

16,151

236,971