Expense Overview - The total other expenses for the year 2019 amounted to HKD 42,686,000, an increase from HKD 36,410,000 in 2018, representing a growth of approximately 7.4%[3] - Bank charges increased significantly to HKD 7,366,000 in 2019 from HKD 3,830,000 in 2018, reflecting an increase of about 92.5%[5] - Employee relationship costs rose to HKD 7,133,000 in 2019, compared to HKD 6,546,000 in 2018, marking an increase of approximately 9%[5] - The cost of non-recoverable VAT on gaming supplies was HKD 6,905,000 in 2019, up from HKD 4,994,000 in 2018, indicating a growth of around 38.2%[5] - Legal and professional fees were reported at HKD 2,912,000 in 2019, slightly up from HKD 2,708,000 in 2018, showing an increase of about 7.5%[5] - The total miscellaneous expenses decreased to HKD 7,784,000 in 2019 from HKD 9,316,000 in 2018, a decline of approximately 16.4%[5] Financial Reporting and Management - The company confirmed that the additional information provided does not affect the other data reported in the 2019 annual report[5] - The board of directors remains committed to transparency and accuracy in financial reporting, as evidenced by the detailed breakdown of expenses[6] - The company is focused on maintaining operational efficiency while managing costs effectively in the upcoming fiscal periods[6] - The financial data indicates a trend of increasing operational costs, which may impact future profitability if not managed properly[6]
凯升控股(00102) - 2019 - 年度财报