CFSL Integrated Report 2025

FINANCIAL

174

Risk Management

Corporate Governance

Statutory Disclosures

11. TAXATION (a)

Income tax expense

GROUP

COMPANY

NOTES

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

249.7

249.7

203.4

200.6

Current income tax at 15%-30% (2024:15%-30%) Corporate Social Responsibility tax at 2% (2024 : 2%) Corporate Climate Responsibility tax at 2% (2024: 2%)

33.3 33.3 20.7

33.3 33.3 20.7

27.1 26.7

26.7 26.7

–

–

Fair share Contribution at 5%(2024:n/a) Under provision in previous year

2.0

–

1.6

1.4

(33.2)

(28.9)

(55.8)

(53.8)

27

Deferred tax credit

Income tax expense 201.6 The tax charge shown in profit or loss differs from the tax charge that would apply if all profits had been charged at the Company’s statutory rate. A reconciliation between the tax expense and the accounting profit at 24% (2024 :19%) is as follows: GROUP COMPANY 305.8 203.0 308.1

Sep-25 MUR m 1,526.2

Sep-25 MUR m 1,513.5

Sep-24 MUR m 1,310.0

Sep-24 MUR m 1,271.7

Accounting profit before tax

228.9

227.0

196.5

190.8

Statutory income tax rate of 15% (2024: 15%) Corporate social responsibility tax at 2% (2024: 2%) Corporate Climate Responsibility tax at 2% (2024 : 2%)

33.3 33.3 20.7

33.3 33.3 20.7

27.1 26.7

26.7 26.7

–

–

Fair share Contribution at 5%(2024:n/a)

(28.9)

(28.9)

(53.8)

(53.8)

Deferred tax impact

2.0

–

1.6

1.4

Under provision in previous year

(12.3)

(6.1)

(18.0)

(3.1)

Income not subject to tax Non–deductible expenses

9.2

9.2

16.3

6.3 6.6

19.6

19.6

6.6

Other adjustments

305.8

308.1

203.0

201.6

Income tax expense

Main items of non-deductible expenses include mainly impairment on financial asset. Income not subject to tax includes mainly staff related benefits. (b) Income tax liabilities GROUP

COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

385.4

384.2

184.6

182.6

At 1 October

(66.8)

(59.1)

(65.5)

(61.3)

Paid during the year Refund for the year Charge for the year

–

–

7.5

7.5

337.0

337.0

257.2

254.0

2.0

–

1.6

1.4

Under provision in previous year

657.6

662.1

385.4

384.2