Constance Hotels Services Limited | Annual Report 2025

215 ANNUAL REPORT 2025

Notes to the Financial Statements Year ended December 31, 2025

Notes to the Financial Statements Year ended December 31, 2025

26. NOTES TO THE STATEMENTS OF CASH FLOWS

26. NOTES TO THE STATEMENTS OF CASH FLOWS (CONT’D)

(a) Reconciliation of cashflow movements

(b) Cash and cash equivalents

THE GROUP

THE GROUP

THE COMPANY

Cash changes

Non-cash changes

2025

2024

2025

2024

MUR'000 421,839 (137,746) 284,093

MUR'000 375,013 (302,556)

MUR'000

MUR'000

Exchange differences

Cash inflows

Cash outflows

2025

2024

Other **

20,345

Cash in hand and at banks Bank overdrafts (Note 17)

18,469

MUR’000 5,066,759 3,619,045 8,685,804

MUR’000 2,323,404

MUR’000 MUR’000 MUR’000 MUR’000

(39,154) (18,809)

(34,650) (16,181)

(1,104,098) (396,892) (1,500,990) (970,975) (2,471,965)

42,257 362,974 405,231

(33,671) 6,294,651 (42,950) 3,542,177 (76,621) 9,836,828

Borrowings * Lease liabilities

72,457

-

2,323,404

Total liabilities from financing activities

While cash and cash equivalents are also subject to the impairment requirement of IFRS 9, the identified impairment loss was immaterial.

961,715

-

9,260

-

-

Convertible bonds

Total

9,647,519

2,323,404

414,491

(76,621) 9,836,828

(c) Non-cash transactions

The principal non-cash transactions for the Group are the acquisition and derecognition of the rights-of-use assets in 31 December 2024.

THE GROUP

Cash changes

Non-cash changes

Cash inflows

Cash outflows

Exchange differences

(d) At December 31, 2025, the Group had MUR 716 million (2024: MUR 250 million) of undrawn committed borrowing facilities while the Company did not have any undrawn committed borrowings for both 2025 and 2024.

2023

Other **

2024

MUR’000 4,583,076 4,500,015 9,083,091

MUR’000 1,048,800

MUR’000 MUR’000 MUR’000 MUR’000

Borrowings* Lease liabilities

(711,259) (398,149) (1,109,408)

480

145,662 183,133 328,795

5,066,759 3,619,045 8,685,804

27. COMMITMENTS

-

(665,954) (665,474)

Total liabilities from financing activities

1,048,800

THE GROUP 2025

Convertible bonds

961,715

-

-

-

-

961,715

2024

Total

10,044,806

1,048,800

(1,109,408)

(665,474)

328,795

9,647,519

MUR'000

MUR'000

Capital commitments Capital expenditure contracted for at the end of the reporting date but not recognised in the financial statements is as follows: - Property, plant and equipment

THE COMPANY

Cash changes

Non-cash changes

20,806

21,811

Cash inflows

Cash outflows MUR’000 (274,731) (274,731)

Exchange differences

2024

Others ** MUR’000

2025

MUR’000 1,217,545 1,217,545

MUR’000

MUR’000 MUR’000 (2,231) 1,011,177 (2,231) 1,011,177

28. BANK GUARANTEES

70,000 70,000

594 594

Borrowings *

Total

THE GROUP

THE COMPANY

2025

2024

2025

2024

THE COMPANY

MUR'000

MUR'000

MUR'000

MUR'000

Cash changes

Non-cash changes

1,080

1,060

Bank guarantees to third parties

1,080

1,060

Cash inflows

Cash outflows MUR’000 (343,102) (343,102)

Exchange differences

2023

Others ** MUR’000

2024

MUR’000 1,552,221 1,552,221

MUR’000

MUR’000 MUR’000

Borrowings *

- -

1,337 1,337

7,089 7,089

1,217,545 1,217,545

Total

* Borrowings exclude bank overdrafts as per below and include short term and long term borrowings. **Other is comprised of interests accrued on borrowings and lease liabilities (the payment of which is classified in finance costs paid as part of cash outflow), leases remeasured during the financial year and transaction costs expensed upon redemption of Convertible Bonds.