Revenue and Profit - Revenue for the three months ended December 31, 2019, was HKD 43,724,000, representing a 16.4% increase from HKD 37,533,000 in the same period of 2018[6] - Revenue for the nine months ended December 31, 2019, was HKD 125,100,000, up 10.5% from HKD 113,586,000 in the previous year[6] - The company reported a profit before tax of HKD 3,555,000 for the three months ended December 31, 2019, compared to HKD 624,000 in the same period of 2018[6] - The net profit for the three months ended December 31, 2019, was HKD 3,001,000, significantly higher than HKD 391,000 in the previous year[6] - Basic and diluted earnings per share for the nine months ended December 31, 2019, were HKD 1.00, compared to HKD 0.52 in the same period of 2018[6] - Total comprehensive income for the nine months ended December 31, 2019, was HKD 9,818,000, an increase from HKD 5,393,000 in the previous year[6] Costs and Expenses - The company incurred financing costs of HKD 1,043,000 for the three months ended December 31, 2019, compared to HKD 7,000 in the same period of 2018[6] - Employee costs for the nine months ended December 31, 2019, were HKD 32,729,000, down from HKD 35,322,000 in the previous year[6] - For the nine months ended December 31, 2019, the group reported a decrease in profit of HKD 1,902,000 due to increased depreciation and financing costs[34] - The group’s financing costs for the nine months ended December 31, 2019, amounted to HKD 2,892,000, compared to HKD 23,000 in the previous year[41] - The group reported a decrease in property rental and related expenses by HKD 21,018,000 for the nine months ended December 31, 2019[34] - The group’s tax expense for the nine months ended December 31, 2019, was HKD 2,571,000, compared to HKD 1,597,000 in the previous year[42] Dividends - The company declared dividends totaling HKD 9,030,000 during the nine months ended December 31, 2019[8] - The group declared an interim dividend of HKD 0.55 per share for the six months ended September 30, 2019, totaling HKD 4,730,000, an increase from HKD 4,300,000 in the previous year[45] - The company has not declared an interim dividend for the nine months ended December 31, 2019[68] Financial Position - The company’s total equity attributable to owners as of December 31, 2019, was HKD 67,824,000, compared to HKD 65,238,000 as of April 1, 2018[8] - As of December 31, 2019, the company's cash and cash equivalents were HKD 17.1 million, while as of March 31, 2019, it increased to HKD 50.3 million[77] - The total bank borrowings amounted to approximately HKD 13.4 million as of December 31, 2019, compared to zero in 2018[80] - The company had an asset-to-equity ratio of 17.6% as of December 31, 2019, and 0% as of March 31, 2019[77] - As of December 31, 2019, the company has a bank loan facility of HKD 20,000,000 with no fixed term, subject to specific performance obligations[99] Operations and Expansion - The company operates a chain of bars under the "Pacific Bar" and "Pacific" brands in Hong Kong[1] - The company opened three new stores during the current period, bringing the total number of stores to 40 as of the report date[50] - The company plans to open three additional stores to further expand its network[51] - The company utilized approximately HKD 34.0 million of the planned HKD 35.5 million for brand expansion, with delays due to the lack of suitable locations[52] Financial Reporting and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and GEM listing rules[12] - The company has adopted new and revised Hong Kong Financial Reporting Standards, including HKFRS 16 on leases, effective from April 1, 2019[15] - The cumulative impact of the first-time application of HKFRS 16 was recognized on April 1, 2019, without restating comparative information[18] - The company will not reassess contracts identified as leases prior to the first application date of HKFRS 16[18] - The company recognizes right-of-use assets at the lease commencement date, measured at cost less accumulated depreciation and impairment losses[21] - Lease liabilities are recognized at the present value of lease payments not paid as of the lease commencement date[25] - The company will remeasure lease liabilities under certain conditions, such as changes in lease term or exercise of purchase options[27] - The financial statements have not been reviewed or audited by independent auditors but have been reviewed by the audit committee[14] - The audit committee consists of three independent non-executive directors and has reviewed the unaudited financial statements for the nine months ended December 31, 2019[103] Shareholder Information - Moment to Moment holds 431,543,700 shares, representing approximately 50.18% of the company's issued share capital as of December 31, 2019[89] - The company has a total of 860,000,000 shares issued as of December 31, 2019[21] - The company has not repurchased any of its listed securities during the reporting period[97] - The company has adopted a share option scheme since December 17, 2016, but no options have been granted or exercised as of December 31, 2019[98] Governance and Risk - The company confirms compliance with the corporate governance code as per GEM listing rules, except for the roles of chairman and CEO not being separated[93] - The company has not disclosed any interests or short positions in shares or related securities as of December 31, 2019[91] - The company has confirmed that there are no direct or indirect competitive businesses held by directors or major shareholders during the reporting period[92] - The company has no significant foreign exchange risk and has not implemented any foreign currency hedging policies[83] - The company believes it has sufficient financial resources to meet its business and operational needs as of the report date[77]
太平洋酒吧(08432) - 2020 Q3 - 季度财报