Constance Hotels Services Limited | Annual Report 2025

217 ANNUAL REPORT 2025

Notes to the Financial Statements Year ended December 31, 2025

Notes to the Financial Statements Year ended December 31, 2025

29. DIVIDEND

30. RELATED PARTY TRANSACTIONS (CONT’D)

The amounts receivable and payable in respect to related parties have maturity within one year.

THE GROUP AND THE COMPANY 2025

As part of our assessment of the recoverability of the intercompany balance receivables, the financial unencumbered performance and assets available of the related party are considered.

2024

MUR'000

MUR'000

Amounts recognised as distributions to equity holders: Final dividend of MUR 0.50 per share was declared and paid in 2024 Interim dividend of MUR 0.40 per share was declared and paid during the year Final dividend of MUR 0.50 per share was declared during the year

Loan from related party is unsecured, payable at call and bears interest at variable rate. The interest rate was between 6.09% and 6.51%.

-

54,827

43,861 54,827 98,688

- -

Related party transactions have been made in the normal course of business.

54,827

31. HOLDING COMPANY AND ULTIMATE HOLDING COMPANY

30. RELATED PARTY TRANSACTIONS

The Directors consider Hotelest Limited and BMH Ltd, whose registered offices are at La Maison 1794, Constance, Centre de Flacq as the Holding Company and Ultimate Holding Company respectively. The Companies are incorporated in Mauritius.

Dividend income/ (payable) Financial income/(charges)

32. SEGMENT REPORTING

Sales of goods and services

Purchase of goods and services

Management and other fees

Amount due (to)/from

(a) Primary segment-Business

2025 2024 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 2024 2025 2024 2025 2024 2025 2024 2025

The Group has no significant reporting segment separate from the hotel operations.

THE GROUP Ultimate holding company

Internal reports reviewed by the Chief Operating Decision Makers (i.e. the Directors) in order to allocate resources to the segments and to assess their performance, comprise the hotel segment and the non-hotel segment. The non-hotel segment remains insignificant (i.e. less than 10%) both in terms of revenue and trading results compared to the Group. The Directors therefore consider that there is no relevance in disclosing segmental information at this level.

-

-

(16,207)

-

- (650,007)

-

-

-

-

-

-

(50,331)

-

(27,962)

Holding company

-

-

(27,962)

-

-

(b) Secondary Segment-Geographical information

Enterprises with common shareholders

516

(40,271)

-

-

(2,820)

1,223

(49,842)

-

-

(144,746)

The Directors consider its most significant segments to be as per below i.e. Geographical due to the fact that the contribution of the hotels in Maldives exceeds 10% in terms of revenue and the following disclosures are made with respect to segmental reporting.

2,011

(73,500)

85,516

349,607

87,991

Associates

1,258

(70,500)

62,429

278,035

92,863

THE COMPANY Subsidiaries

THE GROUP

-

-

730,185

68,864

268,277

-

-

398,111

66,709

292,674

Mauritius MUR’000

Maldives MUR’000

Total

MUR’000

-

-

-

(3,944)

10,722

Associates

-

-

-

(6,123)

2,253

For the year ended December 31, 2025 Segment revenue from contract with customers

4,274,665

2,209,402

6,484,067

THE GROUP

THE COMPANY

858

-

858

Segment interest income Segment finance cost

2025

2024

2025

2024

(364,150) (275,093)

(380,625) (445,328)

(744,775) (720,421) 1,077,068 17,915,921 (12,419,677)

MUR'000

MUR'000

MUR'000

MUR'000

Segment depreciation and amortisation

Key management personnel compensation: Short term employee benefit

909,712

167,356

Segment operating profit

246,717

3,493

216,396

3,166

11,358,111 (6,201,037)

6,557,810 (6,218,640)

Segment assets Segment liabilities

9,401

-

Post-employment benefit

8,749

-

256,118

3,493

225,145

3,166