REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER Directors' remuneration and benefits The total remuneration and benefits received, or due and receivable, by the Directors from the Company and its subsidiaries are disclosed below: 2022 2021 Executive Directors NonExecutive Directors Executive Directors NonExecutive Directors MUR '000 MUR ‘000 MUR ‘000 MUR ‘000 The Company Phoenix Beverages Limited – 6 135 – 4 005 The Subsidiaries Edena S.A. – – – – Espace Solution Réunion S.A.S. – – – – Helping Hands Foundation – – – – MBL Offshore Ltd – – – – Phoenix Beverages Overseas Ltd – – – – Phoenix Camp Minerals Offshore Ltd – – – – Phoenix Distributors Ltd – – – – Phoenix Foundation – – – – Phoenix Réunion SARL – – – – SCI Edena The (Mauritius) Glass Gallery Ltd – – – – The Traditional Green Mill Ltd – – – – All the Executive Directors are engaged in full-time employment. The Executive Directors are employed and remunerated by Phoenix Management Company Ltd, a sister company of Phoenix Beverages Ltd. Management fees paid to Phoenix Management Ltd by Phoenix Beverages Ltd include the salaries of the two Executive Directors. The disclosure of emoluments paid to Directors on individual basis are set out under the “Remuneration Policy” Section of the Principle 4 of the Corporate Governance report Indemnity insurance During the year, the indemnity insurance cover was renewed in respect of the liability of the Directors and key officers of the Company and its subsidiaries. SHAREHOLDERS Substantial shareholders The following shareholders have direct interest of more than 5% of the ordinary share capital of the Company: Percentage interest Number of shares Camp Investment Company Limited 17.06% 2 805 428 Phoenix Investment Company Limited 31.02% 5 101 137 Except for the above, no shareholder has any material interest of 5% or more of the ordinary share capital of the Company. (Pursuant to Section 221 of the Mauritius Companies Act 2001 and Section 88 of The Securities Act 2005) STATUTORY STATUTORY DISCLOSURE - 30 JUNE 2022 Contract of significance with controlling shareholders The Company has a management contract with Phoenix Management Company Ltd, a subsidiary of Camp Investment Company Limited. The key management personnel of the Company is remunerated by Phoenix Management Company Ltd. DONATIONS 2022 MUR '000 2021 MUR '000 The Company Phoenix Beverages Limited - Corporate Social Responsibility 8 922 9 860 - Political – – - Others 921 418 The subsidiaries have not made any donation during the years 2021 and 2022. AUDITORS' REMUNERATION At the Annual Meeting held on 31 December 2021, shareholders approved the appointment of Deloitte as auditors for financial year ended 30 June 2022 in replacement of Ernst & Young. The fees payable to the auditors for audit and other services were: 2022 2021 Audit MUR '000 Other services MUR '000 Audit MUR '000 Other services MUR '000 DELOITTE ERNST & YOUNG The Company Phoenix Beverages Limited 1 800 144 1 902 124 The Subsidiaries Helping Hands Foundation – – 17 1 MBL Offshore Ltd 25 13 26 12 Phoenix Beverages Overseas Ltd 100 13 116 11 Phoenix Camp Minerals Offshore Ltd 25 13 25 11 Phoenix Distributors Ltd 25 4 7 1 Phoenix Foundation – – 17 1 The (Mauritius) Glass Gallery Ltd 185 23 202 19 2160 210 2 311 180 EXCO RÉUNION AUDIT EUR '000 EUR '000 EUR '000 EUR '000 Edena S.A. 26 – 21 – Phoenix Réunion SARL 31 – 31 – 57 – 52 – EXA EUR '000 EUR '000 EUR '000 EUR '000 Espace Solutions Reunion S.A.S. 7 – 6 – Other services relate to tax and consultancy services. 121 Phoenix Beverages Limited Integrated Report 2022 120 Phoenix Beverages Limited Integrated Report 2022
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