Financial Performance - Total revenue for the fiscal year ending March 31, 2024, was HKD 91,852,000, representing a 33.7% increase from HKD 68,702,000 in the previous year[11]. - The company reported a profit before tax of HKD 7,873,000, a significant recovery from a loss of HKD 37,040,000 in the prior year[11]. - Net profit attributable to shareholders was HKD 8,247,000, compared to a loss of HKD 34,451,000 in the previous year[11]. - The company recorded total revenue of approximately HKD 91.85 million for the fiscal year ending March 31, 2024, an increase of 33.7% compared to HKD 68.70 million in the previous fiscal year[24]. - Basic earnings per share increased to HKD 0.86 from a loss of HKD 3.61 per share in the previous year[197]. - The company recognized a fair value gain of HKD 13,380,000, contributing positively to the overall financial performance[197]. Assets and Liabilities - Total assets decreased to HKD 69,713,000 from HKD 85,227,000, while total liabilities also decreased to HKD 35,269,000 from HKD 71,053,000[11]. - Non-current assets decreased to HKD 44,783,000 from HKD 53,066,000, while current assets fell to HKD 24,930,000 from HKD 32,161,000[11]. - Current liabilities significantly decreased to HKD 24,140,000 from HKD 54,206,000, improving the company's liquidity position[198]. - Non-current liabilities decreased from HKD 16,847,000 to HKD 11,129,000, a reduction of approximately 34.5% year-over-year[200]. - The capital debt ratio decreased to 14.0% from 32.3% as of March 31, 2023, indicating a stronger equity position[130]. Equity and Shareholder Information - The company's total equity increased to HKD 34,444,000, up from HKD 14,174,000 in the previous year, indicating improved financial health[11]. - The total equity attributable to owners of the company increased from HKD 14,207,000 to HKD 34,477,000, reflecting a growth of about 143%[200]. - The company has approximately zero distributable reserves as of March 31, 2024, down from HKD 3.8 million as of March 31, 2023[136]. - The board did not recommend any dividend for the year ending March 31, 2024, consistent with the previous year[39]. Operational Focus and Future Outlook - The company is focusing on expanding its restaurant business, with multiple locations across Hong Kong, including new leases and operational strategies[16]. - Future outlook includes potential market expansion and new product development to enhance revenue streams[16]. - The company aims to enhance its market presence and explore new product development opportunities in the upcoming fiscal year[197]. - Future outlook includes a focus on improving operational efficiency and potential strategic acquisitions to drive growth[197]. Governance and Compliance - The company is committed to maintaining compliance with GEM listing rules and ensuring accurate financial reporting[3]. - The board consists of two executive directors and three independent non-executive directors, ensuring a diverse composition and sufficient independent elements[62]. - The company has adopted a board diversity policy, considering various factors such as gender, age, cultural background, and professional experience in selecting candidates[69]. - The independent non-executive directors play a crucial role in providing independent opinions and participating in various committees, enhancing governance standards[71]. - The company has maintained compliance with GEM Listing Rules regarding the appointment of independent non-executive directors, with at least one possessing appropriate professional qualifications[64]. Employee and Operational Costs - Employee costs decreased by approximately 16.84% to HKD 32.30 million, attributed to the absence of any share-based payments in the fiscal year[29]. - The total employee cost for the year ended March 31, 2024, was approximately HKD 32.3 million, a decrease from HKD 38.8 million in the previous year[166]. - The company has 116 full-time employees and 25 part-time employees, an increase from 98 full-time and 51 part-time employees in the previous year[166]. Audit and Financial Reporting - The independent auditor's report confirms that the consolidated financial statements fairly present the financial position of the group as of March 31, 2024, in accordance with Hong Kong Financial Reporting Standards[179]. - The Audit Committee believes that the consolidated financial statements for the fiscal year ending March 31, 2024, comply with applicable accounting standards and GEM listing rules[100]. - The independent auditor, Fan Chen & Co., received a total fee of HKD 680,000 for audit services for the year ending March 31, 2024[112]. Risk Management - The board of directors is responsible for establishing internal control measures and risk management systems to ensure the achievement of objectives and protection of assets[108]. - The company has identified impairment assessments of property, plant, and equipment, and right-of-use assets as a key audit matter due to the significant judgments and estimates involved[183]. - The impairment assessment of intangible assets and goodwill is also recognized as a key audit matter due to the importance of goodwill to the consolidated financial statements and the significant management judgments involved[185].
倩碧控股(08367) - 2024 - 年度财报