CFSL Integrated Report 2025

213

Introduction

Group Overview

Leadership

Strategy & Performance

Explanatory Notes 30 September 2025 35. COMMITMENTS

GROUP

COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

Operating lease commitments - where the Group is the lessor The future undiscounted lease payments under operating leases

are as follows: Within 1 year

86.7 76.5 55.6 31.6 10.6

86.0 76.5 55.6 31.6 10.6

89.0 78.7 67.9 48.6 22.4 14.3

87.7 78.0 67.9 48.6 22.4 14.3

After one year and before two years After two years and before three years After three years and before four years After four years and before five years

8.6

8.6

After 5 years

269.6

268.9

320.9

318.9

The Group has entered into operating leases for motor vehicles that have terms ranging from 1 to 7 years.

36. CONTINGENT LIABILITIES AND FINANCIAL GUARANTEE CONTRACTS (a) CONTINGENT LIABILITIES The tax assessment raised in 2023 by the Mauritius Revenue Authority (MRA) and to which the Company has objected has been determined in 2024 by the Objections, Appeals Dispute Resolutions Department of the Mauritius Revenue Authority. As of 30 September 2025, the case had not been heard by the Assessment Review Committee and the outcome was still unknown. The claim from the MRA amounts to MUR159.1m. The Company maintains that the treatment it has adopted is consistent with the economic characteristics of its transactions and most importantly is consistent with the general accepted principles of tax policy on neutrality. (b) FINANCIAL GUARANTEE CONTRACTS GROUP COMPANY Financial guarantee 525.4 The Company has issued financial guarantees totaling MUR 515.4m (2024: MUR 525.4m) on behalf of its subsidiary companies in respect of long-term borrowings contracted by the latter. As per management’s assessment, these are from ordinary course of business from which it is anticipated that no material losses will arise except for an amount of MUR 45m (2024: Nil) accounted as fair value of obligation of the financial guarantee given. 37. EVENTS AFTER REPORTING DATE On 12 December 2025, the Board of Directors of CFSL has declared a final dividend of MUR 0.57 per share (total amounting to MUR 387.9 m) payable in respect of all ordinary shares of CFSL. 515.4 525.4 515.4 Sep-25 MUR m Sep-24 MUR m Sep-25 MUR m Sep-24 MUR m