Environmental Impact - In the fiscal year 2022, the cement plant consumed 80,876 tons of coal and 61,894,648 kWh of electricity[9] - The total amount of physical hazardous waste processed in 2022 was 15,840 kg[7] - The cement plant's water consumption for mechanical cooling was approximately 106,755 m³ in 2022[11] - The company installed a real-time emission monitoring system (CEMS) in 2018, which measures various gas emissions every 5 minutes[6] - The company has not received any penalties from the Environmental Protection Agency during the reporting year[8] Production and Employment - The cement plant produced 7,749,211 bags of cement, each weighing 50 kg, in the fiscal year 2022[12] - As of December 31, 2022, the cement plant employed approximately 835 staff members, all of whom earn above the local minimum wage[18] - As of December 31, 2022, the total number of hotel employees was 75, comprising 28 males and 47 females[45] Financial Performance - The company's revenue for the year was HKD 492,875,000, a decrease of 4% compared to HKD 513,230,000 in the previous year[89] - Gross profit decreased to HKD 130,920,000, down from HKD 153,973,000, reflecting a decline of approximately 15%[89] - The net profit for the year was HKD 48,498,000, a significant decrease of 43% from HKD 84,592,000 in the previous year[89] - Pre-tax profit for the year was HKD 76,218,000, down from HKD 115,132,000, indicating a decline of approximately 33.87%[71] - The company reported a total comprehensive income of HKD 106,868,000 for the year, compared to HKD 84,669,000 in the previous year, an increase of about 26.24%[68] Assets and Liabilities - The total non-current assets amounted to HKD 2,371,122,000, a decrease from HKD 2,451,297,000 in the previous year[62] - Current assets totaled HKD 567,262,000, down from HKD 587,731,000 in the previous year[62] - The total liabilities for current liabilities were HKD 189,879,000, a decrease from HKD 256,083,000 in the previous year[62] - Total assets minus current liabilities decreased to HKD 2,748,505,000 from HKD 2,782,945,000, a decline of approximately 1.23%[65] - Non-current liabilities totalled HKD 238,826,000, down from HKD 250,310,000, representing a decrease of about 4.59%[65] Corporate Governance - The company is committed to high standards of corporate governance, emphasizing transparency and accountability[34] - The company has confirmed compliance with the corporate governance code and disclosed this in its corporate governance report[96] - The audit committee is confident that there are no deficiencies in the internal control system as of 2022, and it will continue to assess and manage significant risks faced by the group[101] - The company has adopted the standard code as per Appendix 10 of the listing rules and confirmed compliance for the year ending December 31, 2022[98] Corporate Social Responsibility - The company has established a corporate social responsibility policy focusing on community investment, particularly in poverty alleviation, children's education, and healthcare services[57] Cash Flow and Investments - Operating cash flow generated a net inflow of HKD 107,338,000, a significant improvement compared to a net outflow of HKD 89,839,000 in the previous year[71] - The company experienced a net cash outflow from investing activities of HKD 17,825,000, compared to HKD 1,975,000 in the previous year[73] - The financing activities resulted in a net cash outflow of HKD 81,837,000, contrasting with an inflow of HKD 84,065,000 in the previous year[73] Shareholder Information - The major shareholders include Luks Family (PTC) Limited with 54.29% and CC (Holdings) Limited with 7.34% of the issued share capital[122] - The company has disclosed that public shareholders hold at least 25% of the total issued share capital as of the report date[172] - An interim dividend of HKD 0.02 per share was distributed on October 20, 2022, and the board recommends a final dividend of HKD 0.02 per share to shareholders listed on the register on June 14, 2023[126] Audit and Compliance - The independent auditor's report confirms that there are no significant misstatements due to fraud or error in the consolidated financial statements[160] - The company has maintained the same auditor for the past three years[147] - The audit committee assists the company's directors in fulfilling their responsibilities and overseeing the financial reporting process[158] - The auditor's responsibilities include identifying and assessing risks of material misstatement in the financial statements[161] Investment Properties - The total fair value of investment properties held by the group in Vietnam, Hong Kong, and mainland China is HKD 1,196,000,000 as of December 31, 2022[177] - Management engaged external valuers to estimate the fair value of hotel properties, which is significant due to the net book value of the hotel properties[154] - The hotel business held a total value of approximately HKD 486 million before impairment as of December 31, 2022, with continuous losses leading to impairment indicators[154] Miscellaneous - The company operates primarily in the manufacturing and sales of cement[191] - The company is registered in Bermuda and has its main office located in Hong Kong[190] - The financial report is prepared in accordance with Hong Kong auditing standards, ensuring the appropriateness of accounting policies and estimates[188]
陆氏集团(越南)(00366) - 2022 - 年度财报