Financial Performance - For the six months ended December 31, 2020, the Group's revenue was approximately HK$73.2 million, a decrease of approximately 45.4% compared to HK$134.0 million for the same period in 2019[6]. - The Group recorded a profit attributable to owners of the Company of approximately HK$71.9 million, a turnaround from a loss of approximately HK$64.8 million in the corresponding period last year, primarily due to profit from player transfer activities amounting to approximately HK$264.4 million[6]. - Basic earnings per share for the six months ended December 31, 2020, was approximately HK0.41 cent, compared to a basic loss per share of approximately HK0.37 cent for the same period last year[6]. - The company reported a loss from operations of HK$117,193,000 for the period, compared to a loss of HK$105,351,000 in the previous year[39]. - Total comprehensive income for the period was HK$97,610,000, compared to a loss of HK$55,257,000 in the previous year[39]. - The Group's profit before taxation for the period was HK$75,374,000, with a profit for the period amounting to HK$75,924,000[68]. - The Group's total revenue for the six months ended December 31, 2020, was HK$73,205,000, a decrease from HK$133,990,000 in the same period of 2019, representing a decline of approximately 45.5%[63]. Revenue Sources - Revenue from the Club for the same period was approximately HK$57.4 million, a decrease of approximately 52.8% from HK$121.5 million in 2019, primarily due to reduced match day receipts and commercial income caused by the Outbreak and lockdown in the UK[22]. - Revenue from investment properties for the six months ended December 31, 2020, was approximately HK$14.1 million, an increase from HK$10.7 million in 2019[22]. - Revenue from external customers in the UK was HK$57,404,000, down from HK$121,510,000 in the previous year[79]. - Revenue from the football club segment was HK$57,404,000, while investment in properties generated HK$14,090,000, and system service solutions contributed HK$1,711,000[68]. Expenses and Liabilities - Operating expenses for the six months ended December 31, 2020, were approximately HK$190.4 million, a decrease of approximately 20.4% from HK$239.3 million in the same period in 2019[23]. - Administrative and other expenses decreased by approximately 3.1% to approximately HK$27.7 million for the six months ended December 31, 2020 compared to the corresponding period in 2019[24]. - Total current liabilities increased to HK$784,742,000, up from HK$685,465,000 as of June 30, 2020[41]. - The Group incurred a loss of approximately HK$15.8 million due to changes in fair value of its investment properties during the same period[9]. - The Group's current ratio was approximately 28.9% as at December 31, 2020, up from approximately 16.3% as at 30 June 2020[26]. - The gearing ratio was approximately 45.1% as at December 31, 2020, down from approximately 59.9% as at 30 June 2020[26]. Investments and Acquisitions - The Group acquired a medical services business in Japan in July 2020, which has yet to make a material contribution to the Group's overall operation[14]. - The Group's acquisition of new players during the summer transfer window amounted to approximately HK$43,881,000, down from approximately HK$101,911,000 in the previous year[100]. - The Group's acquisition of Wangmei Online in 2019 was for a consideration of RMB20,000,000, equivalent to approximately HK$21,944,000, diversifying its revenue streams[125]. - The Group acquired property, plant, and equipment amounting to approximately HK$2,453,000 during the period, an increase from approximately HK$1,553,000 in the prior year[99]. Share Capital and Financing - The Company completed the placing of 516,400,000 ordinary shares at a price of HK$0.135 per share, raising net proceeds of approximately HK$68.5 million[30]. - The Group's issued capital as of December 31, 2020, was 18,226,422,508 shares, an increase from 17,710,022,508 shares as of June 30, 2020[33]. - The Group has secured loan facilities totaling approximately HK$529,788,000 from third-party lenders, along with an unsecured revolving loan facility of up to HK$250,000,000 from Trillion Trophy Asia Limited and HK$300,000,000 from Oriental Rainbow Investments Limited[55]. - The total carrying amount of borrowings under the mentioned facilities was approximately HK$224,660,000 as of December 31, 2020, with approximately HK$855,128,000 in undrawn borrowing facilities available[56]. Sustainability and Community Engagement - Birmingham Sports Holdings Limited is committed to sustainability initiatives, with plans to reduce carbon emissions by 25% over the next five years[3]. - The company is investing in new technology for fan engagement, with a budget allocation of approximately $2 million for the upcoming season[3]. - Future outlook suggests a targeted revenue growth of 15% for the next fiscal year, driven by enhanced marketing strategies and community engagement initiatives[3]. Corporate Governance - The Company has complied with all applicable provisions of the Corporate Governance Code throughout the six months ended 31 December 2020[173]. - The Audit Committee comprises three Independent Non-executive Directors, ensuring compliance with accounting policies and disclosure requirements[173]. - All Directors confirmed compliance with the Model Code regarding securities transactions during the six months ended 31 December 2020[172].
大象未来集团(02309) - 2021 - 中期财报