CFSL Integrated Report 2025

FINANCIAL

216

Risk Management

Corporate Governance

Statutory Disclosures

39. RELATED PARTY TRANSACTIONS (a)

During the year the Group transacted with related parties. Transactions which are not dealt with elsewhere in the financial statements are as follows: GROUP

COMPANY

Sep-25 MUR m

Sep-25 MUR m

Sep-24 MUR m

Sep-24 MUR m

Interest income from loans Subsidiaries

–

17.3

–

11.9

0.1

0.1

0.2

0.2

Directors

Income related to merchant activities Companies with common shareholders Purchase of goods & services from Companies with common shareholders Sales of goods & services from Companies with common shareholders

21.4

21.4

20.0

20.0

16.1

15.9

14.8

14.8

1,405.6

1,403.8

1,429.2

1,427.5

Financial charges Subsidiaries Loans payable to Subsidiary

–

6.2

–

3.8

–

161.0

–

161.3

Loans and leases receivable from Companies with common shareholders

98.3

98.2 48.4 15.8

116.8

116.8

–

– –

– –

Subsidiaries Associates

15.8

–

–

3.2

3.2

Directors

Amount owed to Companies with common shareholders Right-of-use assets Companies with common shareholders Lease liabilities Companies with common shareholders

57.0

57.0

76.7

76.7

73.2

73.2

98.7

98.7

106.3

106.3

136.3

136.3

Remuneration of key management personnel Short term employee benefit

191.5

184.8

164.8

158.6

8.6

8.3

8.3

8.0

Post employment benefit

200.1

193.1

173.1

166.6

The Company has given guarantees to related companies as per Note 36. The Company has recorded impairment of loans of MUR51.0m (2024: MUR64.3m) and intercompany receivables of MUR11.5m (2024: MUR11.5m) relating to amounts owed by related parties. The impairment assessments of these companies were based on ECL. Leases receivable from companies with common shareholders are unsecured facilities bearing interest from 4.25% to 10.25%, repayable on demand. The loans receivable from subsidiaries refers to an unsecured loan given to a subsidiary which is repayable to the Lender when the Borrower starts making profits, which is not expected to be realised in the next 12 months. The loan bears interest at a rate of 4% p.a. Amount owed to companies with common shareholders relate to normal trade creditors which is generally repayable within 3 months. The loan payable to subsidiary refers to a loan at call bearing variable interest at deposit rate less 0.2% (fees and charges). The loan is unsecured and repayable on demand. Settlement of amounts oustanding as at September 2025 and 2024 occurs in cash. Investment in subsidiaries, associates and joint venture are disclosed under note 20, 21 and 22 respectively.