Financial Performance - For the fiscal year ending March 31, 2020, Nimble Holdings reported a revenue of HKD 240 million, representing an increase of approximately 95.1% compared to the previous year[8]. - The company recorded a loss of HKD 87 million for the year, compared to a profit of HKD 91 million in the previous year[8]. - The company reported a loss attributable to shareholders of HKD 87,000,000, compared to a profit of HKD 91,000,000 in the previous year[11]. - The company reported a net loss of HKD 108 million for the year, compared to a profit of HKD 73 million in 2019, reflecting a significant decline[146]. - Total comprehensive loss for the year was HKD 114 million, compared to a comprehensive income of HKD 73 million in the prior year[148]. Revenue Sources - The company's income from franchise and merchandise sales accounted for approximately 25.0% and 71.3% of total revenue, respectively, with franchise income increasing by 5.3%[8]. - The subsidiary Emerson generated revenue of HKD 48,000,000, down 28% from HKD 67,000,000 in the previous year, primarily due to the termination of a major microwave model and reduced sales of radio alarms[11]. - The company's licensing business generated revenue of HKD 58,000,000, an increase from HKD 50,000,000 in the previous year, with an operating profit of HKD 39,000,000 compared to HKD 32,000,000[12]. - The company’s home appliance trade in China generated revenue of HKD 123,000,000, a significant increase from HKD 1,000,000 in the previous year[13]. Assets and Liabilities - As of March 31, 2020, the group's current assets net value was HKD 642 million, with a current ratio of approximately 5.49[17]. - The group's cash and bank balance as of March 31, 2020, was HKD 447 million, an increase from HKD 424 million on March 31, 2019[17]. - The total liabilities of the company's subsidiaries and joint ventures amounted to HKD 127 million and HKD 27 million, respectively[8]. - Total liabilities increased from HKD 29 million in 2019 to HKD 143 million in 2020, marking a significant rise of 393.1%[149]. - The equity attributable to shareholders decreased from HKD 550 million in 2019 to HKD 457 million in 2020, a decline of 16.9%[151]. Strategic Initiatives - The company aims to strengthen its domestic home appliance, wire, and cable trading business while advancing its property development efforts in China to maximize shareholder value[9]. - The company plans to adjust its operational strategies in response to the ongoing global economic uncertainties and the impact of COVID-19[9]. - The group plans to focus on land acquisition to enhance the quality and quantity of land reserves for property development in China[17]. Corporate Governance - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a balanced governance structure[74]. - The company has established various board committees, including the remuneration committee, nomination committee, and audit committee, to assist the board in fulfilling its responsibilities[72]. - The board is committed to regularly reviewing the nomination policy to ensure it meets the company's needs and reflects current regulatory requirements[94]. - The company has adopted the corporate governance code as per the listing rules and confirms compliance with all principles and provisions, except for the separation of the roles of Chairman and CEO[71]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the integration of environmental, social, and governance (ESG) issues into its business operations to align stakeholder interests and promote long-term development[104]. - The group has identified 16 significant environmental, social, and governance (ESG) issues impacting its operations[113]. - The board is committed to implementing environmental policies to minimize the impact of its operations on the environment, including monitoring emissions and resource usage[116]. - The company has implemented waste management measures to reduce waste generation and its environmental impact[121]. Employee and Workforce Information - The number of employees increased from 53 to 82 between March 31, 2019, and March 31, 2020[24]. - The gender breakdown of employees includes 43 males and 39 females, with a significant increase in male employees from 26 in 2019 to 43 in 2020[127]. - The company conducted 100 hours of external training for employees, with 80% of participants being male, highlighting a commitment to employee development[128]. - The company has a commitment to equal employment opportunities, ensuring no discrimination based on personal characteristics[127]. Financial Reporting and Compliance - The Group adopted the new and revised Hong Kong Financial Reporting Standards, which had no significant impact on the financial performance and position for the year ended March 31, 2020[163]. - The company recognizes revenue upon the transfer of control of goods or services to customers, in accordance with HKFRS 15[179]. - The company has established agreements with independent licensors, allowing it to receive minimum annual payments, which are recognized at the start of each licensing period[183]. - The company assesses impairment of contract assets based on HKFRS 9[181].
敏捷控股(00186) - 2020 - 年度财报