Financial Performance - The Group's revenue for the year ended June 30, 2021, was approximately HK$165.0 million, a decrease of approximately 28.7% compared to HK$231.5 million in 2020[6]. - The loss attributable to owners of the Company for the year ended June 30, 2021, was approximately HK$74.2 million, down from approximately HK$260.5 million in 2020[6]. - For the year ended June 30, 2021, the Group's revenue was approximately HK$165.0 million, a decrease of approximately 28.7% compared to HK$231.5 million for the year ended June 30, 2020[27]. - The Group recorded a loss attributable to owners of the Company of approximately HK$74.2 million, a decrease of approximately 71.5% compared to a loss of approximately HK$260.5 million for the year ended June 30, 2020[28]. - The Group's basic loss per share was approximately HK0.40 cent, down from approximately HK1.47 cents in 2020[29]. - The Group's financial results indicate a significant improvement in loss figures compared to the previous year, reflecting ongoing restructuring efforts[10]. Business Segments and Operations - The Group is engaged in four business segments: operation of a professional football club, investment in properties, provision of lottery system and online payment system service solutions, and healthcare-related business[7]. - The Group disposed of approximately 21.64% of the Club and all its interests in the football stadium, maintaining a 75% interest in the Club[8]. - The Group's strategic direction includes maintaining a strong interest in the football club while exploring opportunities in other business segments[11]. - The Group's focus will continue to be on consolidating resources to enhance the Club's performance[8]. - Future prospects will involve continued support for the Club and potential expansion in the other business segments[11]. Player Transfers and Revenue Sources - Profit from player transfer activities amounted to approximately HK$276.9 million for the year ended June 30, 2021, compared to approximately HK$115.5 million in 2020[28]. - Revenue from the Club was approximately HK$127.4 million, representing a decrease of approximately 37.7% from HK$204.4 million in 2020, primarily due to reduced match day receipts and commercial income[58]. - Revenue from investment properties increased to approximately HK$28.2 million from HK$24.8 million in 2020, reflecting a growth of approximately 17.3%[58]. Investment and Expansion - The Group acquired a medical service group in Japan, aiming to tap into the growing demand for high-end medical products and services due to China's aging population and increasing middle-class families[18]. - The Group continues to explore investment opportunities in properties, despite the adverse impact of COVID-19 on the real estate market in Phnom Penh, Cambodia[13]. - The Group's healthcare and medical-related business primarily serves overseas customers seeking medical services in Japan[52]. - The Group's revenue from the healthcare segment reflects a focus on international medical consultation and wellness services[52]. Financial Position and Capital Management - As of June 30, 2021, the Group had no significant capital commitments, consistent with the previous year[59]. - The Group's current ratio was approximately 51.2%, up from 16.3% in 2020[60]. - The gearing ratio decreased to approximately 35.4% in 2021 from 59.9% in 2020[60]. - Total borrowings as of June 30, 2021, were approximately HK$293.8 million, down from HK$487.4 million in 2020[60]. - The Group's bank balances and cash amounted to approximately HK$44.8 million as of June 30, 2021, compared to HK$38.8 million in 2020[60]. Risk Management and Compliance - The ongoing COVID-19 pandemic has led to travel restrictions and weakened consumer sentiment, creating uncertainties in the Group's operating environment[75]. - The Group is exposed to financial risks related to interest rates, foreign currency, credit, and liquidity, which could affect its financial condition[77]. - The Group's risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement or loss[164]. - The Board conducted an annual review of the effectiveness of the risk management and internal control systems for the year ended June 30, 2021, and found them to be effective and adequate[167]. Corporate Governance - The Company aims to achieve high standards of corporate governance to enhance efficiency and performance while safeguarding shareholder interests[133]. - The Board comprises a total of nine members, including five Executive Directors and three Independent Non-executive Directors, ensuring a balance of skills and experience appropriate for the company's business needs[134]. - The Company has complied with the relevant code provisions of the Corporate Governance Code relating to risk management and internal control[169]. - The Company recognizes the importance of high-caliber staff and continues to provide remuneration packages based on market practices and individual performance[155]. Shareholder Information - The Company does not recommend the payment of a final dividend for the year ended June 30, 2021, consistent with 2020[96]. - The Group's reserves available for distribution as of June 30, 2021, amounted to approximately HK$193,562,000, an increase from HK$127,240,000 in 2020[97]. - The Company has established a range of communication channels with shareholders, including annual general meetings and reports[184]. - Shareholders have the right to put enquiries to the Board in writing[182]. Employment and Staff Management - The Group employed an average of approximately 320 full-time employees and 60 temporary staff members during the year ended June 30, 2021, a decrease from approximately 340 full-time and 470 temporary staff in 2020[71]. - The Group recognizes the importance of high-caliber staff and provides remuneration packages based on industry practices and individual performance, along with benefits such as medical insurance and training subsidies[71]. Connected Transactions - The approved annual cap for the continuing connected transactions under the Master Lease Agreement for the year ended June 30, 2021, was US$3,613,000[125]. - The auditor issued an unqualified letter regarding the Group's continuing connected transactions, confirming compliance with the Board's approval and pricing policies[129]. - The financial assistance received from Trillion Trophy is fully exempt from reporting and independent shareholders' approval requirements as it is conducted on normal commercial terms[121].
大象未来集团(02309) - 2021 - 年度财报