亿仕登控股(01656) - 2019 - 年度财报

Company Overview Company Profile This company is an investment holding company registered in Singapore, primarily engaged in investment holding and actively seeking new investment opportunities to expand its business scope and revenue sources - The company is an investment holding company registered in Singapore[19] - Its main business is investment holding, actively seeking new investment opportunities[19][20] Board of Directors and Management The report lists the company's board members and their key roles, including Chairman, Executive Directors, and Independent Directors, reflecting the company's governance structure - Board members include the Chairman, Executive Directors, and Independent Directors[21] - The company's governance structure is jointly managed by the board members[21] Principal Subsidiaries and Investments The company holds a diverse portfolio of subsidiaries and investments across various sectors, including energy, automation, marine services, healthcare, and financial services, aiming for growth through diversification - The company operates in Singapore and has an extensive investment portfolio[33] - Investment areas include energy, automation, marine services, healthcare, and financial services[33][36][41] - The company continuously expands its business scope and market share through acquisitions and strategic investments[33][36][41] Management Discussion and Analysis Operating Performance Review The company faced challenges during the reporting period but maintained operational stability through strategic adjustments and cost control, actively seeking new growth points despite market impacts on revenue and gross profit - The company faced challenges during the reporting period but strived to maintain operational stability through strategic adjustments and cost control[26] - Revenue and gross profit were affected by market conditions, but the company actively sought new growth points[26] Financial Position Analysis The company enhanced its financial resilience by optimizing capital structure and strategic investments, remaining committed to improving asset quality and cash flow management amidst market volatility - The company enhanced its financial resilience by optimizing its capital structure and strategic investments[27] - Despite market volatility, the company remains committed to improving asset quality and cash flow management[27][28] Business Outlook and Strategy The company will continue to focus on core businesses, addressing challenges through technological innovation and market expansion, with future strategies including deepening existing markets, exploring emerging areas, and optimizing operational efficiency - The company will continue to focus on core businesses and address challenges through technological innovation and market expansion[28][29] - Future strategies include deepening existing markets, exploring emerging areas, and optimizing operational efficiency[28][29][30] Financial Statements Consolidated Statement of Financial Position The consolidated statement of financial position presents the company's assets, liabilities, and equity at the end of the reporting period, reflecting its financial health - The consolidated statement of financial position presents the company's assets, liabilities, and equity at the end of the reporting period[247] 2019 Consolidated Statement of Financial Position Summary | Metric | 2019 (Amount) | | :--- | :--- | | Assets (Amount) | 290,985 | | Liabilities (Amount) | 77,425 | | Equity (Amount) | 20,222 | Consolidated Statement of Profit or Loss The consolidated statement of profit or loss reflects the company's operating results for the reporting period, including revenue, costs, expenses, and net profit - The consolidated statement of profit or loss reflects the company's operating results for the reporting period[248][249][250][251][252][253] 2019 Consolidated Statement of Profit or Loss Summary | Metric | 2019 (Amount) | | :--- | :--- | | Revenue (Amount) | 290,985 | | Gross Profit (Amount) | 77,425 | | Net Profit (Amount) | 20,222 | Consolidated Statement of Changes in Equity The consolidated statement of changes in equity reflects the movements in each component of shareholders' equity during the reporting period, including share capital, reserves, and retained earnings - The consolidated statement of changes in equity reflects the movements in each component of shareholders' equity during the reporting period[256][257][258] Consolidated Statement of Cash Flows The consolidated statement of cash flows presents the cash flows generated from operating, investing, and financing activities during the reporting period, reflecting the company's cash flow position - The consolidated statement of cash flows presents the cash flows generated from operating, investing, and financing activities during the reporting period[260][261][262][263][264] 2019 Consolidated Statement of Cash Flows Summary | Metric | 2019 (Amount) | | :--- | :--- | | Net Cash Inflow from Operating Activities (Amount) | 31,168 | Notes to the Financial Statements General Information and Significant Accounting Policies This section provides the company's basic information, the basis of financial statement preparation, and significant accounting policies, covering consolidation, business combinations, financial instruments, and revenue recognition, forming the foundation for understanding the financial statements - Provides the company's basic information and the basis of financial statement preparation[19][72][73] - Details significant accounting policies for consolidation, business combinations, financial instruments, and revenue recognition[76][79][83][85][92] General Information The company was incorporated in 2019 as an investment holding company with its registered office in Singapore - The company was incorporated in 2019 as an investment holding company[19][72] - Its registered office is located in Singapore[19][72] Basis of Preparation The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) and on a historical cost basis, unless otherwise stated - The financial statements are prepared in accordance with International Financial Reporting Standards (IFRS)[73] - Based on historical cost, unless otherwise stated[73] Summary of Significant Accounting Policies This section outlines the company's significant accounting policies for consolidation, business combinations, financial instruments, revenue recognition, impairment of assets, leases, inventories, cash and cash equivalents, provisions, employee benefits, share-based payments, related party disclosures, and segment reporting - Outlines the company's accounting policies for consolidation, business combinations, financial instruments, and revenue recognition[76][79][83][85][92] - Covers impairment of assets, leases, inventories, cash and cash equivalents, provisions, employee benefits, share-based payments, related party disclosures, and segment reporting[115][123][132][138][143][146][148][151][152][155] Consolidation The company consolidates all entities it controls, including subsidiaries and structured entities, to fully reflect the group's financial position and operating results - The company consolidates all controlled entities, including subsidiaries and structured entities[76] Business Combinations Business combinations are accounted for using the acquisition method, with acquisition costs measured at fair value, and goodwill or bargain purchase gains recognized - Business combinations are accounted for using the acquisition method, with acquisition costs measured at fair value[76] - Goodwill or bargain purchase gains are recognized[76] Investments in Associates and Joint Ventures Investments in associates and joint ventures are accounted for using the equity method, with initial investments measured at cost and subsequently adjusted for changes in the investee's net assets - Investments in associates and joint ventures are accounted for using the equity method[79] - Initial investments are measured at cost, subsequently adjusted for changes in the investee's net assets[79] Financial Instruments Financial instruments are classified as financial assets and financial liabilities based on their nature and management intent, and measured using various methods, including amortized cost and fair value - Financial instruments are classified as financial assets and financial liabilities[83] - Measured using different methods such as amortized cost and fair value[83] Fair Value Measurement Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, disclosed using a three-level fair value hierarchy - Fair value is the price received to sell an asset or paid to transfer a liability in an orderly transaction between market participants[85] - Disclosed using a three-level fair value hierarchy[85] Revenue Recognition Revenue is recognized based on contracts with customers and measured at the amount of consideration expected in exchange for fulfilling performance obligations - Revenue is recognized based on contracts with customers[92] - Recognized at the expected consideration amount when performance obligations are fulfilled[92] Property, Plant and Equipment Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses, with depreciation recognized using the straight-line method over their estimated useful lives - Property, plant and equipment are measured at cost less accumulated depreciation and impairment losses[96] - Depreciation is recognized using the straight-line method over their estimated useful lives[96] Intangible Assets Intangible assets, including goodwill, concessions, and software, are measured at cost less accumulated amortization and impairment losses, and amortized based on their nature and useful lives - Intangible assets include goodwill, concessions, and software[107] - Measured at cost less accumulated amortization and impairment losses, and amortized based on their nature and useful lives[107][109] Impairment of Assets The company regularly assesses assets for impairment indicators, conducting impairment tests if present, and recognizing impairment losses based on recoverable amounts - The company regularly assesses assets for impairment indicators[115] - If present, impairment tests are conducted, and impairment losses are recognized based on recoverable amounts[115] Leases Leases are classified as finance or operating leases based on their terms and conditions, and accounted for using appropriate methods - Leases are classified as finance or operating leases based on their terms and conditions[123] - Accounted for using appropriate accounting methods[123] Inventories Inventories are measured at the lower of cost and net realizable value, with cost determined using the first-in, first-out (FIFO) or weighted average method - Inventories are measured at the lower of cost and net realizable value[132] - Cost is determined using the first-in, first-out or weighted average method[132] Cash and Cash Equivalents Cash and cash equivalents include cash on hand, bank balances, and highly liquid short-term investments, used for the preparation of the statement of cash flows - Cash and cash equivalents include cash on hand, bank balances, and highly liquid short-term investments[138] - Used for the preparation of the statement of cash flows[138] Provisions Provisions are recognized when the company has a present obligation and the amount can be reliably estimated, measured based on the best estimate - Provisions are recognized when the company has a present obligation and the amount can be reliably estimated[143] - Measured based on the best estimate[143] Employee Benefits Employee benefits include short-term, post-employment, and long-term employee benefits, recognized and measured according to relevant accounting standards - Employee benefits include short-term, post-employment, and long-term employee benefits[146][148] - Recognized and measured according to relevant accounting standards[146][148] Share-based Payments Share-based payment transactions are classified as equity-settled or cash-settled and measured at fair value - Share-based payment transactions are classified as equity-settled or cash-settled[151] - Measured at fair value[151] Related Party Disclosures The company discloses transactions with related parties, including their nature, amounts, and outstanding balances, to ensure transparency - The company discloses transactions with related parties[152] - Including the nature, amounts, and outstanding balances of transactions[152] Segment Reporting The company reports its performance based on operating segments to provide more detailed business performance information, helping investors understand the contribution of different business units - The company reports its performance based on operating segments[155] - Provides more detailed business performance information, helping investors understand the contribution of different business units[155] Detailed Notes This section provides detailed notes for each financial statement item, including financial instruments, revenue recognition, composition and changes in assets and liabilities, equity items, cash flows, related party transactions, contingencies, subsequent events, and capital management, offering in-depth data for financial analysis - Provides detailed notes for each financial statement item[265][266][267][268] - Covers financial instruments, revenue recognition, composition and changes in assets and liabilities, equity items, cash flows, related party transactions, contingencies, subsequent events, and capital management[265][266][267][268] Financial Instruments Detailed disclosures on the company's financial instruments, including their classification, measurement, fair value information, and related risk management strategies - Discloses the classification, measurement, and fair value information of the company's financial instruments[266][267][268] - Includes related risk management strategies[266][267][268] Revenue Recognition Detailed explanation of the timing and methods for recognizing the company's various revenues, including goods sales and service provision, with disclosures on contract liabilities and performance obligations - Explains the timing and methods for recognizing the company's various revenues[331] - Includes goods sales, service provision, and disclosures on contract liabilities and performance obligations[331][332] Property, Plant and Equipment Disclosures on the carrying amount, depreciation policy, and current depreciation expense of property, plant and equipment, as well as significant acquisitions and disposals - Discloses the carrying amount, depreciation policy, and current depreciation expense of property, plant and equipment[292][294] - Includes significant acquisitions and disposals[292][294] Investment Property Disclosures on the fair value of investment property, the impact of fair value changes on profit, and related rental income - Discloses the fair value of investment property and the impact of fair value changes on profit[295] - Includes related rental income[295] Inventories Disclosures on the ending balance of inventories, inventory write-downs, and current period inventory impairment losses recognized or reversed - Discloses the ending balance of inventories and inventory write-downs[298] - Includes current period inventory impairment losses recognized or reversed[298] Intangible Assets Disclosures on the carrying amount, amortization policy, and current amortization expense of intangible assets, as well as significant acquisitions and disposals - Discloses the carrying amount, amortization policy, and current amortization expense of intangible assets[298][299] - Includes significant acquisitions and disposals[298][299] Goodwill Disclosures on the initial recognition amount of goodwill, impairment test results, and recognition of impairment losses - Discloses the initial recognition amount of goodwill and impairment test results[299] - Includes the recognition of impairment losses[299] Investments in Associates and Joint Ventures Disclosures on the carrying amount of investments in associates and joint ventures, share of profit or loss under the equity method, and significant transactions - Discloses the carrying amount of investments in associates and joint ventures and the share of profit or loss under the equity method[300][301] - Includes significant transactions[300][301] Other Financial Assets Disclosures on the classification, measurement methods, and ending balances of other financial assets, including financial assets measured at fair value through profit or loss - Discloses the classification, measurement methods, and ending balances of other financial assets[305] - Includes financial assets measured at fair value through profit or loss[305] Other Financial Liabilities Disclosures on the classification, measurement methods, and ending balances of other financial liabilities, including financial liabilities measured at fair value through profit or loss - Discloses the classification, measurement methods, and ending balances of other financial liabilities[305][308][311][314][317] - Includes financial liabilities measured at fair value through profit or loss[305][308][311][314][317] Leases Disclosures on the carrying amount of lease liabilities, lease payments, and right-of-use asset information for leased assets - Discloses the carrying amount of lease liabilities and lease payments[320] - Includes right-of-use asset information for leased assets[320] Provisions Disclosures on the ending balances of various provisions, current period movements, and the nature and amount of estimated liabilities - Discloses the ending balances of various provisions and current period movements[320] - Includes the nature and amount of estimated liabilities[320] Share Capital Disclosures on the company's share capital structure, including the number and amount of issued and paid-up share capital, and changes in share capital - Discloses the company's share capital structure, including the number and amount of issued and paid-up share capital[321] Reserves Detailed explanation of the company's various reserves, including statutory reserves, capital reserves, and retained earnings, as well as their formation and utilization - Detailed explanation of the company's various reserves, including statutory reserves, capital reserves, and retained earnings[321] Borrowings Disclosures on the ending balances, interest rates, maturity dates, and collateral arrangements for the company's various borrowings - Discloses the ending balances, interest rates, and maturity dates for the company's various borrowings[536][540][543] - Includes collateral arrangements[536][540][543] Trade and Other Payables Disclosures on the ending balances of trade and other payables, aging analysis, and the nature of significant payables - Discloses the ending balances of trade and other payables and aging analysis[550][551] - Includes the nature of significant payables[550][551] Deferred Income Tax Disclosures on the ending balances and current period movements of deferred income tax assets and liabilities, and related deductible and taxable temporary differences - Discloses the ending balances and current period movements of deferred income tax assets and liabilities[347][349][351] - Includes related deductible and taxable temporary differences[347][349][351] Income Tax Expense Disclosures on the composition of current and deferred income tax expense, and a reconciliation of the effective tax rate to the statutory tax rate - Discloses the composition of current and deferred income tax expense[576] - Includes a reconciliation of the effective tax rate to the statutory tax rate[576](index=