CFSL Integrated Report 2025

FINANCIAL

210

Risk Management

Corporate Governance

Statutory Disclosures

29. OTHER LIABILITIES

GROUP

COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

625.1 208.7

639.9 187.6

664.7 176.5

663.9 171.2

Trade payables

Accruals

1,890.3 2,724.1

2,089.3 2,916.8

1,453.8 2,295.0

1,639.9

Other payables*

2,475.0 The carrying amount of the payables is considered as a reasonable approximation of fair value due to their short term nature. Trade payables are secured by floating charge on all assets of the Group and Company, interest free and payable within 3 months. Accruals include mainly amounts for operational expenses such as audit fees, professional fees and employee benefit related expenses which are probable to be incurred and for which the amounts can be estimated reliably. * Other payables include mainly Credit Agreement dealer/Insurance unearned premium and the put option to the non-controlling interest holder. The put option may be exercised in 1 year’s time( financial year 2026) (note 20(a)(i)). 30. DIVIDENDS GROUP & COMPANY

Sep-25 MUR m

Sep-24 MUR m

Amounts recognised as distributions to equity holders in the year: Final dividend declared in December 2024 for the year ended 30 September 2024 MUR 0.52 (2023: MUR 0.38)

353.9 217.7 571.6

258.6 142.9 401.5

Interim dividend declared in June 2025 MUR 0.32 (2024: MUR 0.21)

Total dividend per share declared during the year (MUR)

0.84

0.59

31. EQUITY

GROUP 2025 & 2024

Ordinary shares MUR m

No of shares Million

No par value shares 680.5 The Company has authorised and issued 680,522,310 shares of no par value issued at the reporting date. All shares are fully paid and carry equal voting rights. The ordinary shares are classified as equity. Capital Reserves The capital reserves comprise mainly of the previous Statutory Reserve and General Banking Reserve that were set aside for unforeseeable losses under the Mauritian Banking Act for one subsidiary of the Group. As the subsidiary is no longer regulated by the Bank of Mauritius, these reserves are no longer legally required. Nonetheless, the board would prefer to maintain these reserves separately from retained earnings. These undistributable reserves are available to be freely transferred within equity if management chooses to do so. Otherwise, they are available for distribution on winding up. Retained Earnings Retained earnings arise from the accumulation of profits from the profit or loss less any dividends payable for the period. Actuarial Reserves Actuarial reserves arise on remeasurement of net defined benefit liability. Remeasurement of the net defined benefit liability, which comprises actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), is recognised immediately in other comprehensive income in the period in which they occur. Remeasurements recognised in other comprehensive income are not reclassified to profit or loss in subsequent periods. 680.5