Constance Hotels Services Limited | Annual Report 2025

213 ANNUAL REPORT 2025

Notes to the Financial Statements Year ended December 31, 2025

Notes to the Financial Statements Year ended December 31, 2025

23. OPERATING PROFIT (CONT’D)

23. OPERATING PROFIT (CONT’D)

(a) Cost of inventories expensed

(d) Employee benefits expense

THE GROUP 2025

THE GROUP

THE COMPANY

2024

2025

2024

2025

2024

MUR'000 903,156 317,159 1,220,315

MUR'000

MUR'000

MUR'000

MUR'000

MUR'000

Included in employee benefits expense are: Wages and salaries

Food and beverages and room supplies

918,222 311,849

1,283,719

24,603 11,918

Others

1,205,668

23,412 11,375

71,527 132,617 210,501

1,230,071

Social security costs

63,609 78,451 169,775 25,221

1,998 6,267

Pension and other retirement costs

1,637 6,839

* Other employment benefits other than pensions

Others comprise of spare parts, fabrics and garments.

5,450

-

Provision for Vacation leaves (Note 18)

-

1,703,814

44,786

1,542,724

43,263

(b) Administrative and operating expenses

* Comprise of employment related expenses such as travelling allowance, medical schemes for employees.

THE GROUP

THE COMPANY

2025

2024

2025

2024

MUR'000 1,703,814

MUR'000 1,542,724

MUR'000

MUR'000

24. FINANCE COSTS

44,786

Employee benefits expense (Note 23 (d))

43,263

337,380 122,901 257,082 100,091 426,898 62,680 616,857

Marketing expenses

325,528 120,223 271,469 87,564 366,213 54,243 544,560

-

THE GROUP

THE COMPANY

1,106

Repairs and maintenance Energy and other utilities

1,204

2025

2024

2025

2024

764

687

MUR'000

MUR'000

MUR'000

MUR'000

3,988

Property costs

3,548

Interest expense: - Bank overdrafts

48,177

Payment of services Levy and other taxes

38,729

26,169 412,044 275,488 30,967 744,668

647

25,044 441,337 299,570

910

-

-

83,377

- Bank and other borrowings repayable by instalments

99,606

40,385 139,206

Others

35,151 122,582

-

- Leases (Note 6) - Other interests Total finance costs

-

3,627,703

3,312,524

50,319 134,343

5,883

38,487 139,003

771,834

Others comprise mainly of stationary and professional fees.

Other interests comprise mainly of finance costs on intercompany loans.

(c)

THE GROUP

THE COMPANY

25. EARNINGS PER SHARE

2025

2024

2025

2024

MUR'000

MUR'000

MUR'000

MUR'000

THE GROUP

THE COMPANY

Other operating income Net foreign exchange gains

2025

2024

2025

2024

115,801 38,835

1,273

171,218 33,837

32,989 100,089

400,359

351,761

Profit attributable to owners’ interest

MUR’000

314,379

155,822

103,272

Marketing recharge

1,360

870

Profit on disposal of property, plant and equipment

1,996

1,561

109,653

109,653

Number of ordinary shares in issue

(thousands)

109,653

109,653

155,996

105,415

207,051

134,639

3.65

3.21

Earnings per share (basic and diluted)

MUR

2.87

1.42