Financial Performance - Total revenue for the year ended March 31, 2021, was HKD 122.85 million, a decrease of 52.8% compared to HKD 260.95 million in 2020[12]. - The company reported a loss attributable to owners of HKD 52.81 million for the year, compared to a loss of HKD 17.04 million in the previous year[12]. - The gross loss for the year ended March 31, 2021, was approximately HKD 16.9 million, compared to a gross profit of approximately HKD 22.3 million for the previous year[53]. - The pre-tax loss attributable to the owners of the company was approximately HKD 52.5 million for the year ended March 31, 2021, compared to approximately HKD 16.9 million for the year ended March 31, 2020[51]. - The company reported a revenue decrease of 52.9%, from approximately HKD 261.0 million for the year ended March 31, 2020, to approximately HKD 122.9 million for the year ended March 31, 2021[52]. - The company reported a loss of approximately HKD 4.1 million as of March 31, 2021, compared to a distributable reserve of HKD 69.5 million as of March 31, 2020[154]. Assets and Liabilities - Total assets as of March 31, 2021, were HKD 405.11 million, an increase from HKD 392.95 million in 2020[12]. - Total liabilities increased to HKD 313.23 million from HKD 267.98 million in the previous year[12]. - The net asset value decreased to HKD 91.88 million from HKD 124.97 million in 2020[12]. - As of March 31, 2021, the total interest-bearing borrowings amounted to approximately HKD 98.9 million, down from approximately HKD 108.1 million as of March 31, 2020[60]. - The current ratio improved to 1.6 as of March 31, 2021, compared to 1.4 as of March 31, 2020[62]. - The debt-to-capital ratio increased to 68% as of March 31, 2021, from 44% as of March 31, 2020[62]. Revenue Breakdown - Revenue from building construction services was HKD 10.49 million, a significant drop from HKD 84.83 million in 2020[12]. - Revenue from renovation, addition, and alteration works was HKD 95.33 million, down from HKD 240.10 million in the previous year[12]. - The construction services segment generated revenue of HKD 10.49 million, accounting for 8.5% of total revenue, compared to HKD 8.48 million (3.3%) in the previous year[27]. - The renovation and addition services segment saw a significant decline in revenue to HKD 95.33 million (77.6%) from HKD 240.10 million (92.0%) in the previous year[27]. - The maintenance and restoration of historical buildings segment reported revenue of HKD 16.38 million, representing 13.4% of total revenue, up from HKD 12.15 million (4.6%) in the previous year[27]. Strategic Focus and Future Outlook - The company is focusing on expanding its market presence and exploring new strategies for growth[16]. - Future outlook includes potential new product developments and technological advancements to enhance service offerings[16]. - The company aims to improve operational efficiency and reduce costs in response to the challenging market conditions[16]. - The company plans to focus on property development and investment, particularly in Hong Kong and Southeast Asia, to increase its business share in this segment[18]. - The company has identified opportunities for property development in Japan, despite the impact of COVID-19 on the tourism industry[18]. - The company is closely monitoring market developments in Hong Kong and Japan to seize business opportunities[22]. Corporate Governance - The company has adopted the corporate governance code principles and has complied with the relevant provisions, except for a deviation regarding the separation of roles of Chairman and CEO[91]. - The board consists of a balanced mix of executive and independent non-executive directors, ensuring diverse skills and experience[97]. - The company has established a clear understanding of the roles and responsibilities of directors under the listing rules and statutory requirements[103]. - The board of directors has established several committees, including the Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific areas of the company's affairs[105]. - The Audit Committee held two meetings to review the financial performance and reports for the year ending March 31, 2021, including significant matters related to financial reporting and internal controls[111]. Employee and Human Resources - The company reported a decrease in employee count to 98 as of March 31, 2021, down from 127 a year earlier, primarily due to project completions[72]. - Employee costs for the year amounted to approximately HKD 48.3 million, a decrease from HKD 61.0 million the previous year[72]. - The group provides attractive compensation packages to employees, including basic salary, bonuses, and other cash allowances[190]. - The group continuously evaluates its human resources to determine the need for additional personnel to support business development[193]. Compliance and Risk Management - The company has established internal control guidelines to ensure reliable financial reporting and operational efficiency[124]. - The board is responsible for maintaining adequate risk management and internal control systems to protect shareholder investments and group assets[124]. - The group has not experienced any significant issues or violations of applicable labor laws and regulations in Hong Kong during the year[190]. - Independent non-executive directors confirmed that related party transactions were fair and reasonable, aligning with the interests of the company and its shareholders[199]. Market and Customer Relations - The top five customers accounted for approximately 48.0% of the total revenue for the year ended March 31, 2021, down from 69.7% in the previous year[185]. - The largest customer represented about 15.5% of total revenue, compared to 27.7% in the previous year[185]. - The group maintained good relationships with suppliers and subcontractors, avoiding significant shortages or delays in construction materials[189]. Environmental Compliance - The total compliance cost related to environmental regulations for the year ending March 31, 2021, was approximately HKD 814,000, an increase from HKD 656,000 in the previous year[194]. - The group has achieved ISO 14001:2015 certification for its environmental management system, ensuring adherence to environmental protection regulations[194].
迪米生活控股(01667) - 2021 - 年度财报