Constance Hotels Services Limited | Annual Report 2025

183 ANNUAL REPORT 2025

Notes to the Financial Statements Year ended December 31, 2025

Notes to the Financial Statements Year ended December 31, 2025

5. PROPERTY, PLANT AND EQUIPMENT (CONT’D)

5. PROPERTY, PLANT AND EQUIPMENT (CONT’D)

(d) THE COMPANY

Vessels and motor vehicles

Furniture, fittings & linen

Freehold

Computer equipment

Plant and machinery

Work in progress

(a)

THE GROUP

land Buildings Total MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000 MUR’000

Plant &

Motor

Furniture & fittings MUR’000

Computer equipment MUR’000

machinery MUR’000

vehicles

Total

COST/VALUATION At January 1, 2024

MUR’000

MUR’000

3,084,020 8,114,339

380,939 22,040 (2,066)

1,755,350

82,461 13,047 (9,607)

1,502,493

13,533 14,933,135

COST At January 1 and December 31, 2025

Additions Disposals Transfers Write off

- - - - -

69,814 (8,881) 32,067

108,858 (2,301)

52,595 (4,631) 53,585

118,003

384,357 (27,486)

1,735

6,340

5,544

26,446

40,065

-

39

- -

- -

(85,691)

-

DEPRECIATION At January 1, 2025 Charge for the year

-

-

-

(224) 1,863

(224)

1,708

6,340

5,526

26,446

40,020

Exchange differences

356,417

10,537

69,571

3,494

51,647

493,529

21

-

14

-

35

At December 31, 2024

3,084,020 8,563,756

411,489 1,931,478

89,395 1,655,689

47,484 15,783,311

At December 31, 2025

1,729

6,340

5,540

26,446

40,055

DEPRECIATION At January 1, 2024 Charge for the year Disposal adjustment Exchange differences

NET BOOK VALUES At December 31, 2025

- 3,689,821

313,371 23,599 (1,992)

1,459,281

64,772

1,066,580

- - - -

6,593,825 429,762 (23,561) 297,261

6

-

4

-

10

- - -

259,617 (5,587) 184,931

59,315 (2,271) 61,110

5,715

81,516 (4,602) 39,670

(9,109)

THE COMPANY

9,022

2,528

At December 31, 2024

- 4,128,782

344,000 1,577,435

63,906 1,183,164

- 7,297,287

Plant &

Motor Furniture & Computer

machinery MUR’000

vehicles

fittings

equipment MUR’000

Total

NET BOOK VALUES At December 31, 2024

MUR’000

MUR’000

MUR’000

3,084,020 4,434,974

67,489

354,043

25,489

472,525

47,484 8,486,024

COST At January 1, 2024

1,735

9,084

5,544

26,446

42,809 (2,744) 40,065

(b) The freehold land were revalued in November 2022 for the financial year 2022 by an independent professional valuer. The valuation was based on an open market value basis based on direct sales comparison taking into account recent transactions adjusted for any differences in the nature, location or condition of a specific property. The freehold land is classified as level 3 in terms of the fair value hierarchy. It is the Group’s policy to revalue land every 5 years. The significant unobservable valuation input is the price per square metre which ranges from MUR 330 - MUR 30,799.

Disposals

-

(2,744) 6,340

-

-

At December 31, 2024

1,735

5,544

26,446

DEPRECIATION At January 1, 2024 Charge for the year Disposal adjustment

1,635

9,084

5,485

26,446

42,650

Significant increases/decreases in the estimated price per square metre in isolation would result in significant higher/lower fair value.

73

-

41

- -

114

-

(2,744) 6,340

-

(2,744) 40,020

(c) If the freehold land were stated on the historical cost basis, the amounts would be as follows:

At December 31, 2024

1,708

5,526

26,446

THE GROUP 2025

NET BOOK VALUES At December 31, 2024

2024

27

-

18

-

45

MUR’000 147,426

MUR’000

Cost

147,426

(e) Bank borrowings are secured by floating charges on the assets of the Group and Company including Land and Building (Note 17).

(f) Total depreciation charge for both the Group and the Company have been included in operating expenses.