Financial Performance - For the first half of 2022, the company recorded a revenue decline of 59% to HKD 7,232,000, down from HKD 17,782,000 in the same period last year [12]. - The company reported a loss attributable to shareholders of HKD 24,252,000, compared to a profit of HKD 18,073,000 in the previous year [12]. - The group recorded a loss of HKD 12,282,000 (net of expected credit loss provisions) for the period, compared to a profit of HKD 16,050,000 for the same period last year [42]. - The group reported a loss before tax of HKD 24,252,000 for the period, compared to a profit of HKD 20,701,000 in the previous year [76]. - The overall performance resulted in a loss attributable to the company's owners of HKD 24,252,000 for the first half of 2022, compared to a profit of HKD 18,073,000 in the same period of 2021 [59]. - The group reported a net loss of HKD 25,277,000 in total comprehensive income for the period, compared to a total comprehensive income of HKD 15,469,000 in the previous year [76]. - The company’s basic loss per share was HKD 0.46 for the period, compared to earnings per share of HKD 0.34 in the previous year [76]. Investment Activities - The acquisition of Canadian oil assets was completed on July 16, 2022, with an initial consideration of CAD 22,500,000 (approximately HKD 138,375,000) [10]. - The company invested HKD 53,250,000 in solar power projects under the feed-in tariff scheme as part of its diversification strategy [11]. - The company aims to continue developing its oil exploration and production business, leveraging its experience in Argentina [10]. - The company plans to reflect the financial performance of the acquired Canadian oil assets in its consolidated financial statements for the second half of 2022 [10]. - The Canadian oil assets are expected to contribute to the group's revenue and EBITDA growth, with 32 operational oil wells as part of a four-year development plan [15]. - The group invested in six property companies' debt securities, with a total fair value of HKD 34,235,000 as of June 30, 2022 [56]. - The company made a prepayment of HKD 145,738,000 for the acquisition of non-current assets, a significant increase from HKD 9,874,000 in the previous year [79]. Revenue Sources - Revenue from electricity sales was HKD 2,629,000, while interest income from lending activities was HKD 2,193,000, both contributing to the overall revenue [93]. - Solar business contributed HKD 2,629,000 in revenue and HKD 656,000 in operating profit during the first half of 2022, compared to zero contributions in the same period of 2021 [17]. - The group generated income of HKD 2,410,000 from its debt instruments during the first half of 2022, compared to HKD 4,836,000 for the same period in 2021 [47]. - The total interest income from debt instruments was HKD 2,410,000, down from HKD 4,836,000 in the previous year [93]. Credit and Impairment Provisions - Anticipated credit loss provisions for debt instruments measured at fair value through other comprehensive income amounted to HKD 13,976,000, significantly higher than HKD 576,000 in the previous year [12]. - Expected credit loss provisions amounted to HKD 15,940,000, significantly impacting the overall performance [101]. - Expected credit loss provisions for loans increased to HKD 1,964,000, up from HKD 800,000 in the same period last year [22]. - The expected credit loss provision for debt instruments recognized through other comprehensive income amounted to HKD 13,976,000 for the first half of 2022, a significant increase from HKD 576,000 in the same period of 2021 [56]. - The company recognized a significant increase in overdue receivables, indicating potential credit risk [143]. Asset and Liability Management - The group recorded a total asset value of HKD 410,183,000 as of June 30, 2022, down from HKD 442,915,000 as of December 31, 2021 [61]. - The group’s current assets were HKD 212,545,000 as of June 30, 2022, a decrease from HKD 363,774,000 as of December 31, 2021 [60]. - The total liabilities decreased from HKD 14,105,000 to HKD 6,944,000, a reduction of 50.9% [79]. - The total equity decreased to HKD 400,713,000 from HKD 425,990,000, a decrease of 5.9% [81]. - The company’s total classified liabilities, excluding certain lease liabilities and other liabilities, amounted to HKD 4,940,000 as of June 30, 2022, compared to HKD 4,685,000 as of December 31, 2021 [109]. Operational Challenges - The oil exploration and production segment did not generate any revenue in the first half of 2022, compared to HKD 1,826,000 in the same period last year [14]. - The group’s performance in the lending segment showed a pre-provision profit of HKD 2,189,000, indicating a decline from the previous year [101]. - The overall financial results reflect challenges in the oil exploration and production sector, necessitating strategic adjustments moving forward [101]. - The group expects to manage its business prudently due to uncertainties arising from the COVID-19 pandemic and geopolitical tensions affecting oil and gas prices [73]. Employee and Management Costs - Employee costs decreased by HKD 1,495,000 to HKD 3,629,000, primarily due to a reduction in the number of employees in Argentina and mainland China [69]. - The remuneration for key management personnel for the six months ended June 30, 2022, was HKD 2,220,000, compared to HKD 3,251,000 for the same period in 2021 [157]. - The group has 21 employees as of June 30, 2022, down from 24 employees a year earlier [69]. Corporate Governance - The company has complied with all applicable corporate governance code provisions, except for the vacancy in the positions of Chairman and CEO [173]. - The audit committee reviewed the interim consolidated financial statements for the six months ended June 30, 2022, which were not audited but formally approved by the board [179]. - The company declared no interim dividend for the six months ended June 30, 2022, consistent with the previous year [161].

Financial Performance - The company recorded a revenue decline of 42% to HKD 24,820,000 in the fiscal year 2021, down from HKD 42,449,000 in 2020[12] - The company recorded a loss attributable to shareholders of HKD 29,371,000, compared to a profit of HKD 8,519,000 in 2020[12] - Basic loss per share was HKD 0.56, compared to basic earnings of HKD 0.16 per share in the previous year[12] - The oil exploration and production segment incurred a loss of HKD 4,112,000, compared to a loss of HKD 2,647,000 in the previous year[11] - The lending business reported a profit of HKD 17,440,000, down from HKD 29,518,000 in 2020[11] - The oil exploration and production segment experienced an 87% drop in revenue to HKD 1,847,000, down from HKD 14,097,000 in the previous year[24] - The company incurred a loss attributable to shareholders of HKD 29,371,000, compared to a profit of HKD 8,519,000 in 2020, primarily due to an expected credit loss provision of HKD 49,247,000[22] Investment and Business Development - The company invested over HKD 43,600,000 in solar power projects and committed to invest over HKD 34,300,000 in 2022[11] - The company aims to diversify its energy portfolio by investing in renewable energy projects, including solar power, under the Feed-in Tariff Scheme initiated by the Hong Kong government[15] - The company has established a cooperation framework agreement with a solar solutions provider to invest in solar power projects under the Feed-in Tariff Scheme[22] - The company is actively seeking to acquire Canadian oil field projects, with a conditional asset purchase agreement valued at CAD 22,500,000 (approximately HKD 138,375,000) already established[10] - The company has entered into a conditional asset purchase agreement to acquire oil assets in Alberta, Canada, for an initial consideration of CAD 22,500,000 (approximately HKD 138,375,000)[21] Credit and Risk Management - The company recorded an expected credit loss provision of HKD 49,247,000 for debt instruments held at year-end[12] - The expected credit loss measurement is based on default probability, loss given default, and exposure at default[31] - The group emphasizes the importance of thorough credit assessments and ongoing monitoring in its lending practices to mitigate risks[50] - The company maintained a cautious approach in granting new loans due to the current economic conditions in Hong Kong[34] - The credit risk of certain debt instruments has increased due to defaults on interest and principal payments, leading to a downgrade in credit ratings[101] Operational Challenges - The company plans to continue developing its oil and solar businesses despite uncertainties arising from the Omicron variant, geopolitical tensions, and fluctuations in international oil and gas prices[16] - The solar energy business faces inherent risks such as mechanical failures and adverse weather conditions, which could disrupt operations and negatively impact financial performance[122] - The competitive environment in the lending business has put pressure on revenue and profitability, prompting the group to focus on expanding market share and enhancing competitiveness[121] Corporate Governance - The company’s board of directors includes independent non-executive directors, ensuring corporate governance compliance[153] - The company has complied with all applicable provisions of the corporate governance code during the year, except for certain deviations due to the vacancy of the chairman and CEO positions[180] - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balance of skills and experience[186] - The Nomination Committee consists of three independent non-executive directors, with a focus on enhancing the management through the selection of potential directors based on their qualifications and experience[196] Financial Assets and Investments - The group recorded a net gain of HKD 7,870,000 from financial assets measured at fair value through profit or loss in the fiscal year 2021, compared to a loss of HKD 9,183,000 in 2020[54] - The group's debt instruments measured at fair value through other comprehensive income had a value of HKD 78,396,000 as of December 31, 2021, down from HKD 132,198,000 in 2020[100] - The total income from debt instruments measured at fair value through other comprehensive income was HKD 8,710,000 in 2021, compared to HKD 10,142,000 in 2020[100] - The group sold most of its equity securities investments during the fiscal year 2021, reflecting a cautious approach to market volatility[54] Employee and Operational Metrics - The group had a total of 21 employees as of December 31, 2021, down from 30 in 2020, with employee costs amounting to HKD 9,799,000, a decrease of HKD 4,415,000 compared to HKD 14,214,000 in 2020[118] - The company aims to provide loans to borrowers with good credit records and sufficient collateral[34] - The group’s financial resources are deemed sufficient to meet ongoing operational needs, supported by liquid assets[111] Revenue Sources and Customer Concentration - The company reported a total revenue from its top five customers accounting for approximately 43% of total revenue, with the largest customer contributing about 13%[151] - The company’s major suppliers accounted for 100% of total procurement, with the largest supplier representing 91%[151]

Financial Performance - For the first half of 2021, the company recorded a profit attributable to owners of HKD 18,073,000, a significant increase from HKD 2,217,000 in the same period of 2020[10]. - Revenue for the first half of 2021 decreased by 10% to HKD 17,782,000, down from HKD 19,861,000 in the previous year, primarily due to a decline in the oil exploration and production segment[10]. - The group reported a 44% decrease in revenue to HKD 1,317,082,000 for the fiscal year ending March 31, 2021, with a 75% reduction in annual loss to HKD 870,286,000[33]. - The group achieved a 65% increase in revenue to RMB 217,047,000 for the six months ending June 30, 2021, compared to the same period in 2020[29]. - The net profit for the period was HKD 18,454,000, significantly up from HKD 2,135,000 in the previous year, representing an increase of 765%[55]. - The total comprehensive income for the period was HKD 15,469,000, compared to a loss of HKD 787,000 in the same period last year[55]. - The company's total assets increased to HKD 490,649,000 as of June 30, 2021, up from HKD 475,763,000 at the end of 2020[45]. - The company’s equity attributable to shareholders increased to HKD 474,967,000, reflecting a rise from HKD 459,879,000 at the end of 2020[45]. - The company’s basic earnings per share rose to HKD 0.34 from HKD 0.04, marking an increase of 750%[55]. Revenue and Sales - The company reported a revenue of HKD 17,782,000 for oil sales, a decrease of 10.5% compared to HKD 19,861,000 in the same period last year[55]. - Oil sales revenue was HKD 1,826,000, down from HKD 5,669,000 in the previous year, reflecting a significant decline of 67.7%[71]. - Total revenue from external sales reached HKD 17,782,000 for the six months ended June 30, 2021, compared to HKD 19,861,000 for the same period in 2020, representing a decrease of approximately 10.5%[78]. Investment and Expansion - The company is actively pursuing investment opportunities in oil fields in Canada, having signed a memorandum of understanding for a potential acquisition of a target company engaged in upstream oil and gas operations[12]. - The company plans to expand its energy footprint by investing in renewable energy projects, including solar power, to capitalize on decarbonization opportunities[14]. - A framework agreement has been established with a solar solutions provider to invest in solar power systems, with generated electricity to be sold to two Hong Kong power companies under a feed-in tariff scheme[14]. - The anticipated solar projects are expected to provide a long-term stable income source and good financial returns for the company[14]. - The group entered into an agreement to acquire a solar power project portfolio for up to HKD 75,000,000 to expand its renewable energy business[15]. - The company is actively pursuing investments in renewable energy projects, including solar power, to diversify its energy business[52]. - The company plans to continue its oil exploration and production while expanding into renewable energy, indicating a strategic shift towards sustainable business practices[52]. Lending and Financial Assets - In the first half of 2021, the group's lending business revenue increased by 25% to HKD 11,048,000, and profit before expected credit loss provisions rose by 24% to HKD 10,984,000[16]. - As of June 30, 2021, the group's loan portfolio was valued at HKD 189,146,000, an increase from HKD 161,382,000 as of December 31, 2020[19]. - The expected credit loss provision was HKD 800,000, compared to a reversal of HKD 15,136,000 in the same period of 2020[19]. - The group's securities investments recorded income of HKD 4,908,000 and a profit of HKD 16,050,000, compared to a loss of HKD 7,342,000 in the same period of 2020[22]. - The fair value of financial assets measured at fair value through profit or loss was HKD 44,085,000, up from HKD 25,097,000 as of December 31, 2020[23]. - The net gain from financial assets measured at fair value through profit or loss was HKD 11,893,000, compared to a net loss of HKD 11,901,000 in the same period of 2020[23]. - The expected credit loss provisions totaled HKD 1,376,000 for the six months ended June 30, 2021, compared to a reversal of HKD 14,456,000 in the same period of 2020[81]. Cash Flow and Liquidity - The net cash used in operating activities for the six months ended June 30, 2021, was HKD (41,595,000), compared to a net cash inflow of HKD 31,798,000 in the same period of 2020[63]. - The total cash and cash equivalents at the end of the period was HKD 106,720,000, a decrease from HKD 113,550,000 at the end of June 2020[63]. - The company held liquid assets of HKD 150,805,000, including cash and cash equivalents, as of June 30, 2021[44]. - The company’s net current assets increased to HKD 406,888,000 from HKD 294,649,000, reflecting a growth of 37.9%[57]. - The company maintained a low debt-to-asset ratio of approximately 3% as of June 30, 2021, consistent with the previous year[45]. Employee and Management Costs - Employee costs decreased to HKD 5,124,000 from HKD 7,859,000, primarily due to a reduction in the number of employees in the China operations[51]. - Total employee costs for the six months ended June 30, 2021, amounted to HKD 5,124,000, down from HKD 7,859,000 in the same period of 2020, indicating a reduction of approximately 34.8%[96]. - The total remuneration for directors and key management personnel for the six months ended June 30, 2021, was HKD 3,251,000, down from HKD 3,572,000 in the same period of 2020[139]. Corporate Governance and Management - The company has complied with all applicable provisions of the corporate governance code during the six months ended June 30, 2021, except for the vacancy in the positions of Chairman and CEO[151]. - The company is currently seeking suitable candidates to fill the vacancies for the Chairman and CEO positions, with daily management responsibilities shared among executive directors[152]. - The company's interim financial statements for the six months ended June 30, 2021, were not audited but reviewed by the audit committee and formally approved by the board[157].

Annual Report 2020 年報 EPI (Holdings) Limited 長盈集團(控股)有限公司 EPi (Stock Code : 689) (Incorporated in Bermuda with limited liability) （股份代號 : 689） （於百慕達註冊成立之有限公司） 年 報 Annual Report 2020 2020 l 175 目錄 3 公司資料 4 董事會報告書 6 管理層討論及分析 18 董事及高級管理層履歷 21 董事會報告 28 企業管治報告 40 環境、社會及管治報告 58 獨立核數師報告 65 綜合損益及其他全面收益表 67 綜合財務狀況表 69 綜合權益變動表 70 綜合現金流量表 72 綜合財務報表附註 156 五年財務概要 簡稱 | --- | --- | --- | |--------------------------------------------------------|-------|--------------------------------------------------------| | | | | | 於本 ...

EPi Interim Report 2020 中期報告 （股份代號 : 689） （於百慕達註冊成立之有限公司） 中期報 告 2020 l 175 目錄 3 公司資料 4 管理層討論及展望 | --- | --- | |-------|------------------------------| | | | | 16 | 簡明綜合損益及其他全面收益表 | | 17 | 簡明綜合財務狀況表 | | 18 | 簡明綜合權益變動表 | | | | | 19 | 簡明綜合現金流量表 | | 20 | 簡明綜合財務報表附註 | | 39 | 其他資料 | 簡稱 | --- | --- | --- | |--------------------|-------|------------------------------------------------------------| | | | | | | | 於本中期報告內，除文義另有所指外，下列簡稱將具有以下涵義： | | 「阿根廷比索」 | 指 | 阿根廷比索 | | 「董事會」 | 指 | 本公司之董事會 | | 「本公司」 | 指 | 長盈集團（控股）有限公 ...

Financial Performance - The company reported a loss attributable to owners of HKD 138,099,000 for the year ended December 31, 2019, compared to a loss of HKD 115,227,000 in 2018, representing an increase of 19.8%[9] - Revenue decreased by 15% to HKD 60,560,000 in 2019, down from HKD 71,419,000 in 2018, primarily due to a decline in oil business revenue to HKD 24,171,000 from HKD 43,998,000[9] - The company recorded a basic loss per share of HKD 0.0264, which is an increase of 17% from HKD 0.0226 in the previous year[9] - The company reported a revenue decrease of 15% to HKD 60,560,000 for the year ended December 31, 2019, down from HKD 71,419,000 in 2018[17] - The company recorded a loss attributable to owners of HKD 138,099,000, compared to a loss of HKD 115,227,000 in 2018, primarily due to an impairment loss of HKD 42,333,000 related to its Argentine oil and gas assets[17] Oil Exploration and Production - The oil exploration and production segment incurred a loss of HKD 46,610,000, including an operating loss of HKD 4,233,000 and an impairment loss of HKD 42,377,000[10] - The oil exploration and production segment generated revenue of HKD 24,171,000, a decrease from HKD 43,998,000 in 2018, with an operating loss of HKD 4,233,000 compared to an operating profit of HKD 2,921,000 in the previous year[21] - The average selling price of crude oil offered by YPF S.A. dropped from USD 60.8 per barrel in the previous year to USD 50.7 per barrel, contributing to the revenue decline[21] - An impairment loss provision of HKD 42,333,000 was recognized for oil and gas assets, compared to HKD 3,383,000 in 2018, reflecting the challenging market conditions[25] - The overall loss for the oil exploration and production business was HKD 46,610,000, which includes an operating loss and impairment loss provisions[25] Lending Business - The lending business reported a loss of HKD 35,740,000, despite an operating profit of HKD 25,963,000, due to expected credit losses of HKD 61,703,000[10] - The group's lending business revenue increased by 54% to HKD 25,971,000 for the year ended December 31, 2019, compared to HKD 16,814,000 in 2018[27] - The group's lending business operating profit rose by 58% to HKD 25,963,000 for the year ended December 31, 2019, compared to HKD 16,406,000 in 2018[27] - As of December 31, 2019, the group's loan portfolio amounted to HKD 185,688,000, after deducting expected credit loss provisions of HKD 68,755,000[29] - The loan portfolio consisted of 85.42% secured loans and 14.58% unsecured loans[29] Investment Securities - The investment securities segment recorded a loss of HKD 21,460,000, primarily from realized and unrealized losses on securities investments[10] - The group's securities investments recorded an income of HKD 10,418,000 for the year ended December 31, 2019, compared to HKD 10,607,000 in 2018[33] - The group reported a net loss of HKD 32,736,000 from financial assets measured at fair value through profit or loss, compared to a net loss of HKD 80,636,000 in 2018[34] - The group's investment in financial assets measured at fair value through profit or loss was valued at HKD 37,059,000 as of December 31, 2019, down from HKD 71,816,000 in 2018[34] - The group’s securities investments included a debt instrument portfolio valued at HKD 141,826,000 as of December 31, 2019, compared to HKD 130,330,000 in 2018[33] Corporate Governance - The company has adhered to all applicable provisions of the corporate governance code, with noted deviations explained[135] - The company has adopted a standard code for securities trading by directors, confirming compliance for the year ended December 31, 2019[139] - The company’s board of directors includes both executive and independent non-executive members, with some members due for re-election at the upcoming annual general meeting[104] - The company has established a risk management and internal control system aimed at identifying, analyzing, and mitigating risks affecting operational efficiency[167] - The audit committee has reviewed the consolidated financial statements for the year ended December 31, 2019, which were formally approved by the board[130] Environmental and Social Responsibility - The company is committed to community contributions and environmental protection, encouraging employee participation in charitable activities[192] - The company has established a comprehensive and effective internal control system to ensure compliance with environmental regulations and responsibilities[192] - The company has a responsibility to comply with environmental protection, labor, and hydrocarbon regulations in its operations in Argentina[193] - The total greenhouse gas emissions for the reporting period amounted to 64.58 tons of CO2 equivalent, which includes 30.53 tons from Scope 1 and 34.05 tons from Scope 2 emissions[195] - The company implemented various energy-saving measures to reduce its carbon footprint, focusing on minimizing emissions from its business activities[195] Future Plans and Market Conditions - The company plans to submit a bid for the Chañares oil field concession in Argentina, viewing it as a valuable investment opportunity for advancing its oil exploration and production business[11] - The bidding process for the Chañares oil field was initially scheduled to start on April 1, 2020, but has been postponed due to COVID-19[11] - The company will provide updates to shareholders regarding the bidding process and related transactions at an appropriate time[11] - The company is adopting a cautious approach to manage its business in light of the uncertain macroeconomic environment due to COVID-19[17] - The company will consider participating in bidding processes based on current market conditions and other relevant factors[17]

Revenue Performance - For the six months ended June 30, 2019, the group recorded revenue of HKD 31,293,000, a decrease of 6% compared to HKD 33,131,000 in the same period last year[9]. - The revenue generated from the financial assets portfolio during the review period was HKD 306,000, compared to HKD 128,000 for the same period in 2018[27]. - The revenue from the mobile gaming sector decreased by 2% to RMB 525,129,000, while profit dropped by 46% to RMB 47,274,000 for the same period[51]. - The group's revenue for the six months ended June 30, 2019, was HKD 31,293,000, a decrease from HKD 33,131,000 in the same period of 2018, representing a decline of approximately 5.5%[190]. - Oil sales revenue was HKD 12,581,000, down 43.5% from HKD 22,135,000 in the previous year[190]. Oil Exploration and Production - The oil exploration and production segment generated revenue of HKD 12,581,000, down from HKD 22,135,000 in the previous year, resulting in an operating loss before impairment of HKD 3,865,000 compared to an operating profit of HKD 1,010,000 in the prior period[14]. - The average selling price of crude oil offered by YPF S.A. decreased from USD 63.7 per barrel in the previous year to USD 52.1 per barrel during the reporting period, contributing to the revenue decline[14]. - The group experienced a decline in crude oil production of approximately 30% due to maintenance work on two wells and natural production decline from wells that have been in operation for over eight years[14]. - The group recorded a 30% decline in oil well production during the interim period, leading to an impairment loss provision of HKD 14,126,000 for oil and gas assets[15]. - Overall, the business reported a loss of HKD 17,991,000, compared to a profit of HKD 1,010,000 for the same period last year[15]. Lending Activities - The lending business revenue increased by 135% to HKD 13,942,000, and operating profit rose by 140% to HKD 13,967,000, driven by higher average loan amounts granted[22]. - Expected credit loss provisions for receivables amounted to HKD 5,130,000, reflecting credit risk associated with certain loans[22]. - The group's loan portfolio stood at HKD 252,016,000, after accounting for expected credit loss provisions of HKD 12,182,000[22]. - The performance of the oil exploration and production segment showed a loss of HKD 17,991,000, while the lending segment reported a profit of HKD 8,837,000[190]. Financial Assets and Investments - As of June 30, 2019, the group's financial assets held at fair value through profit or loss amounted to HKD 49,172,000, a decrease from HKD 71,816,000 as of December 31, 2018[26]. - The net loss from financial assets at fair value through profit or loss was HKD 19,588,000, which included unrealized losses of HKD 19,232,000 and realized losses of HKD 356,000[27]. - The fair value of the debt instruments measured at fair value through other comprehensive income was HKD 139,972,000 as of June 30, 2019, up from HKD 130,330,000 at the end of 2018[111]. - The company invested HKD 13,840,000 in debt securities issued by a property company listed on the stock exchange during the period[112]. - The total cash inflow from bank interest received was HKD 163 thousand, a decrease from HKD 439 thousand in the previous year[142]. Market Conditions and Strategic Focus - The international oil price outlook remains uncertain due to ongoing trade disputes and higher-than-expected U.S. oil production[14]. - The group is actively managing its financial assets portfolio with a cautious and rigorous approach in light of market fluctuations[28]. - The group plans to seek investment opportunities in the energy sector to create new value for shareholders[132]. - The group aims to explore merger and acquisition opportunities to accelerate growth in the mobile gaming publishing sector[51]. - The group has entered into a limited partnership agreement to invest in projects within China's smart city big data industry, expecting attractive returns[132]. Financial Position and Cash Flow - As of June 30, 2019, the group's current assets amounted to HKD 388,331,000, a decrease from HKD 435,693,000 as of December 31, 2018[120]. - The group's net asset value decreased by 6% to HKD 542,932,000 as of June 30, 2019, down from HKD 575,053,000 as of December 31, 2018, primarily due to losses incurred during the period[121]. - The net cash used in operating activities for the six months ended June 30, 2019, was HKD (1,574) thousand, an improvement from HKD (7,174) thousand in the same period of 2018[142]. - The net cash used in investing activities was HKD (13,840) thousand, compared to HKD (23,435) thousand in the previous year, indicating a reduction in cash outflow[142]. - The cash and cash equivalents at the end of the period stood at HKD 79,613 thousand, down from HKD 278,588 thousand at the end of June 2018[142]. Accounting and Reporting Standards - The company applied the new Hong Kong Financial Reporting Standard 16 on leases, which may impact future financial reporting and asset management strategies[147]. - The initial application of HKFRS 16 resulted in changes to accounting policies, particularly regarding the recognition of right-of-use assets and lease liabilities[150]. - The company's financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring compliance and transparency in financial reporting[145]. - The company confirmed that the lease liabilities were discounted using the relevant incremental borrowing rates[176]. - The adjustments made to the balance sheet as of January 1, 2019, included an increase in non-current assets due to the recognition of right-of-use assets[180].

EPi EPl (Holdings) Limited 長盈集團(控股)有限公司 (於百慕達註冊成立之有限公司) (股份代號 : 689) 年報▼2018 | --- | --- | --- | --- | |-------|-------|-------|------------| | | | | | | | | | | | | | | | | | | | 目錄 | | | | 3 | 公司資料 | | | | 4 | 主席報告書 | | | | | | 6 管理層討論及分析 18 董事及高級管理層履歷 21 董事會報告 29 企業管治報告 40 環境、社會及管治報告 54 獨立核數師報告 60 綜合損益及其他全面收益表 61 綜合財務狀況表 63 綜合權益變動表 64 綜合現金流量表 66 綜合財務報表附註 144 五年財務概要 長 盈 集 團（控 股）有 限 公 司 年 報 2018 簡稱 | --- | --- | --- | |--------------------------------------------------------|-------|----------------------- ...