As per section 47 (1) of the Mauritian Workers Right Act 2019(WRA 2019), a worker, other than a migrant worker, who remains in continuous employment with the same employer for a period of at least 5 consecutive years shall be entitled to vacation leave of not more than 30 days, whether taken consecutively or otherwise, for every period of 5 consecutive years, to be spent abroad, locally or partly abroad and partly locally. As such, employers have a present obligation to pay entitled employees for absence (vacation leave). This entitlement to paid absences (vacation leave) is an accumulating one over a period of 5 years. The Group has recognised in the Statement of Profit or Loss the expected costs of the vacation leaves. The provision for vacation leave does not take into account any period of employment prior to 24 October 2019 to meet the requirement of the WRA 2019. 26. DEFERRED TAXATION The following amounts are shown in the Statement of Financial Position: GROUP COMPANY Sep-24 MUR m Sep-23 MUR m Sep-24 MUR m Sep-23 MUR m Deferred tax assets 449.0 395.7 448.8 397.5 Deferred tax liabilities (23.0) (24.2) (30.1) (31.3) 426.0 371.5 418.7 366.2 At the end of the 2024 and 2023, the Group had no unused tax losses. Deferred tax assets/(liabilities) GROUP Impairment allowance Post employment benefit Excess of lease liabilities over right-of-use assets Accelerated tax depreciation Share Based Options Total At 1 October 2022 310.5 26.0 5.3 (29.6) – 312.2 Credited/(charged) to profit or loss (note 11) 38.7 1.1 1.4 (1.5) 1.6 41.3 Acquisition of subsidiary 8.6 – – 7.3 – 15.9 Credited to other comprehensive income (note 12) – 2.1 – – – 2.1 At 30 September 2023 357.8 29.2 6.7 (23.8) 1.6 371.5 Effect of change in deferred tax rate 42.3 3.4 0.8 (3.7) 0.2 43.0 Credit to profit or loss (note 11) 5.6 2.1 – 4.9 0.2 12.8 Credited to other comprehensive income (note 12) – (1.3) – – – (1.3) At 30 September 2024 405.7 33.4 7.5 (22.6) 2.0 426.0 Deferred tax asset 405.7 33.4 7.9 – 2.0 449.0 Deferred tax liability – – (0.4) (22.6) – (23.0) 405.7 33.4 7.5 (22.6) 2.0 426.0 195 Introduction Group Overview Leadership Strategy & Performance Risk Management Corporate Governance Statutory Disclosures Financial
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