国际娱乐(一万)(01009) - 2023 - 年度财报

Board Diversity and Governance - The Board comprised five male Directors as of 30 June 2023, with male and female employees representing approximately 62.1% and 37.9% respectively[5] - The company plans to appoint at least one female director by 31 December 2024 to comply with Listing Rules and enhance gender diversity on the Board[5] - The Nomination Committee held one meeting during the year ended 30 June 2023 to review Board structure, diversity policy, and assess the qualifications of retiring Directors[22] - The Board Diversity Policy emphasizes diversity in gender, age, cultural/educational background, and professional experience to achieve strategic objectives[30] - The company will provide internal training to senior management and consider gender diversity in future senior management recruitment[5] - The company may engage recruitment agencies to identify potential Board successors and enhance gender diversity in the coming years[5] - The Group is committed to maintaining high standards of corporate governance and enhancing risk management and internal control systems[96] Financial Performance - The Group's revenue for the Year was approximately HK$207.2 million, representing an increase of approximately 142.3$85.5 million in the previous year[57] - The Group reported a gross profit of approximately HK$136.6 million for the Year, an increase of approximately 520.9$22.0 million in the previous year[57] - Total revenue for the year ended 30 June 2023 increased by 142.3% to approximately HK$207.2 million from HK$85.5 million in the previous year[74] - Gross profit for the year ended 30 June 2023 was approximately HK$136.6 million, with a gross profit margin of 65.9$22.0 million and 25.7% in the previous year[74] - Other income increased by 158.7% to approximately HK$11.9 million from HK$4.6 million in the previous year, mainly due to increased interest income[74] - The Group recorded a net foreign exchange gain of approximately HK$1.7 million, compared to a net loss of HK$18.0 million in the previous year[74] - Loss on change in fair value of financial assets decreased by 92.4% to approximately HK$3.1 million from HK$40.9 million in the previous year[74] - Loss on change in fair value of financial liabilities was approximately HK$4.3 million, compared to a gain of HK$3.2 million in the previous year[74] - The Group recorded a profit of approximately HK$18.3 million, compared to a loss of approximately HK$256.4 million in the previous year[98] - Earnings per share for the year amounted to approximately 1.34 HK cents, compared to a loss per share of approximately 18.73 HK cents in the previous year[98] - Net cash generated from operating activities for the year was approximately HK$6.7 million, compared to a net cash used of approximately HK$0.7 million in the previous year[107] - Net assets attributable to the owners of the Company increased by approximately 0.9% to HK$1,207.0 million as of 30 June 2023[107] Hotel Operations - Revenue from hotel operations for the Year was approximately HK$73.7 million, an increase of approximately 126.1% compared to HK$32.6 million in the previous year[64] - Hotel room revenue contributed approximately HK$49.7 million or 67.4% of total hotel revenue, compared to HK$24.3 million or 74.5$133.5 million compared to HK$52.9 million in the previous year[72] - The Group was granted a provisional license to establish and operate a casino and develop an integrated resort in Manila, Philippines[70] - The casino in the existing hotel is currently operated by PAGCOR, with MSPI participating in management through a cooperation agreement dated 9 August 2021[85][87] - The gaming and tourism industries in the Philippines are expected to sustain growth momentum and potentially surpass pre-pandemic levels in the near term[102] - The Group was granted a Provisional License to establish and operate a casino and develop an integrated resort in Manila, with the license effective until 11 July 2033[103] Environmental and Energy Performance - Total GHG emissions increased by 31.03$ revenue in 2023, compared to 102.61 MWh per million HK$revenue in 2022, driven by a significant increase in Group revenue[155][171] - Direct energy consumption, including diesel, gasoline, and LPG, amounted to 995.50 MWh, with LPG consumption being the highest at 835.98 MWh[176] - Indirect energy consumption, primarily from electricity usage in the Philippines and Hong Kong operations, totaled 11,082.85 MWh[176] - The Group began collecting data on diesel consumption for emergency power generators during the Reporting Period, ensuring comparability with previous years' data[176] Investment and Development Plans - The Group plans to consider different financing methods, such as bank borrowing and/or equity financing, for the future development of an integrated resort[89] - The net proceeds from the 2017 share placing, amounting to approximately HK$358.50 million, were intended for hotel renovation, land development, potential acquisitions, and general working capital[92] - The company plans to develop new hotel plots and acquire new hotel lands, with a total investment of 150.0 million and 100.0 million respectively[178][179] - The company will change the use of its properties from rental income to held for own use, reclassifying "investment properties" as "property, plant and equipment" with corresponding deferred tax liabilities derecognized[188] - The company's total investment in new hotel lands and general working capital amounts to 38.5 million[186] - Net proceeds of HKD 358.5 million from share placement allocated for hotel renovation (HKD 150M), new hotel development (HKD 100M), potential land acquisition (HKD 70M), and general working capital[126] Shareholder Information - Excite Opportunity Fund L.P. holds 260,000,000 shares, representing approximately 18.99% of the company's issued share capital[197] - Eriska Investment Fund Ltd holds 131,800,000 shares, representing approximately 9.63% of the company's issued share capital[197] Tourism and Market Outlook - The Philippines Department of Tourism aims to attract 5 million foreign visitors in 2023, with 1.3 million international tourist arrivals in the first quarter[89] - The Group remains cautiously optimistic about the outlook for the tourism and gaming industry in the Philippines, despite challenges such as inflation and geopolitical tensions[84][86] - PAGCOR recorded total income of PHP36.21 billion in the first half of 2023, a 35.6% increase from the same period last year[74] - Foreign tourist arrivals in the Philippines reached approximately 2.47 million in the first half of 2023, exceeding the 2 million for the entire year of 2022[74] Asset and Liability Management - The Group's net current assets as of 30 June 2023 amounted to approximately HK$132.4 million, compared to HK$97.0 million as of 30 June 2022[89] - Current assets as of 30 June 2023 totaled approximately HK$602.5 million, with bank balances and cash accounting for HK$492.5 million[89] - The Group's current liabilities as of 30 June 2023 amounted to approximately HK$470.1 million, with bank borrowings reduced to HK$Nil[107] - The Group's investment properties fair value gain for the year amounted to approximately HK$3.0 million, compared to a loss of approximately HK$120.7 million in the previous year[98] - General and administrative expenses increased by approximately 25.5% to HK$97.0 million, with staff costs and utilities expenses accounting for 33.2% and 17.4% respectively[98]