Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 91.85 million, an increase of about HKD 23.15 million or 33.70% compared to HKD 68.70 million for the previous year[6]. - The profit for the fiscal year ending March 31, 2024, was approximately HKD 8.25 million, a significant recovery from a loss of HKD 34.63 million in the previous year[6]. - Earnings per share for the fiscal year ending March 31, 2024, was approximately HKD 0.86, compared to a basic loss of HKD 3.61 per share for the previous year[8]. - The company reported a total comprehensive income of HKD 8.25 million for the fiscal year ending March 31, 2024, compared to a loss of HKD 34.45 million in the previous year[7]. - The group recorded a net income of approximately HKD 0.33 million for the year ended March 31, 2024, compared to a net loss of HKD 6.76 million for the year ended March 31, 2023, representing a decrease in loss of approximately HKD 7.09 million[67]. - The group reported a profit attributable to owners of the company of approximately HKD 8.25 million for the year ended March 31, 2024, compared to a loss of approximately HKD 34.63 million for the year ended March 31, 2023, mainly due to increased revenue from engineering operations[78]. Assets and Liabilities - Total non-current assets as of March 31, 2024, were valued at HKD 44.78 million, down from HKD 53.07 million in the previous year[10]. - Current assets decreased to HKD 24.93 million as of March 31, 2024, from HKD 32.16 million in the previous year[10]. - Total current liabilities decreased significantly to HKD 24.14 million from HKD 54.21 million in the previous year, indicating improved liquidity[10]. - The net asset value increased to HKD 34.44 million as of March 31, 2024, compared to HKD 14.17 million in the previous year[11]. - Total assets as of March 31, 2024, amounted to HKD 69,713,000, with the largest portion in cash and bank balances (HKD 8,530,000)[38]. - Total liabilities as of March 31, 2024, were HKD 35,269,000, with significant liabilities in trade and other payables (HKD 1,148,000)[38]. Revenue Breakdown - Revenue from restaurant operations for the year 2024 was HKD 48,728,000, a decline from HKD 60,415,000 in 2023[32]. - The revenue from aircraft engine frame maintenance and repair services surged to HKD 42,162,000, compared to HKD 2,814,000 in the previous year[32]. - Revenue from the "麻酸樂╱嫲孫樂" brand was approximately 18.80 million HKD, representing 20.47% of total revenue, a decrease of 14.31% compared to the previous year[59]. - Revenue from the "泰巷" brand was approximately 6.92 million HKD, accounting for 7.53% of total revenue, a decrease of 53.96% compared to the previous year[59]. - Revenue from the "峇峇娘惹" brand was approximately 23.01 million HKD, representing 25.05% of total revenue, a decrease of 1.88% compared to the previous year[60]. - Total revenue for the year 2024 reached HKD 91,852,000, up from HKD 68,702,000 in 2023[32]. Expenses and Costs - The company reported a significant increase in employee costs, totaling HKD 32,296,000 in 2024 compared to HKD 38,842,000 in 2023[44]. - Employee costs amounted to approximately HKD 32.30 million for the year ended March 31, 2024, a decrease of about 16.84% from HKD 38.84 million for the year ended March 31, 2023, primarily due to the absence of any share-based payments[68]. - Rental and related expenses were approximately HKD 1.37 million for the year ended March 31, 2024, a decrease of about 42.19% from HKD 2.37 million for the year ended March 31, 2023[71]. - Financing costs increased to approximately HKD 1.07 million for the year ended March 31, 2024, from HKD 0.79 million for the year ended March 31, 2023, mainly due to an increase in bank and other borrowing interest[77]. - Utility expenses totaled approximately HKD 2.97 million for the year ended March 31, 2024, compared to HKD 3.15 million for the year ended March 31, 2023, primarily due to tightened cost control[72]. - The company recorded a 15.10% increase in the cost of materials and consumables, totaling approximately 33.16 million HKD compared to 28.81 million HKD in the previous year[65]. Accounting Policies and Standards - The implementation of new and revised Hong Kong Financial Reporting Standards did not have a significant impact on the group's financial performance for the current and prior years[14]. - The amendments to HKAS 12 regarding deferred tax related to single transactions will affect the recognition of deferred tax assets and liabilities starting from the earliest comparative period[16]. - The group has made changes to its accounting policies to reflect the cancellation of the offsetting mechanism for mandatory provident fund contributions and long service payments[19]. - The group will apply the guidance from the Hong Kong Institute of Certified Public Accountants regarding the accounting impact of the cancellation of the offsetting mechanism starting from May 1, 2025[17]. - The company has not yet applied the newly issued but not yet effective Hong Kong Financial Reporting Standards, which may impact future financial performance[26]. Dividends - The board of directors did not recommend the payment of a final dividend for the fiscal year ending March 31, 2024, consistent with the previous year[6]. - The company did not declare any dividends for the year ended March 31, 2024, consistent with the previous year[48]. - The board of directors did not recommend the payment of any dividends for the year ended March 31, 2024, consistent with the previous year[79]. Company Operations - The company operates primarily in restaurant operations, food and beverage sales, and aircraft engine frame maintenance and repair services[13]. - The company plans to reduce restaurant staff to minimize labor costs and negotiate rent discounts with landlords as part of its future strategy[63].
倩碧控股(08367) - 2024 - 年度业绩