Financial Performance - The company reported a loss of approximately HKD 162,877,000 for the fiscal year 2022, primarily due to a net fair value decrease of financial assets of HKD 128,823,000 and a net fair value decrease of investment properties of HKD 21,600,000[31]. - The group's revenue decreased by 96% from HKD 253,977,000 in the fiscal year 2021 to HKD 11,131,000 in the fiscal year 2022[46]. - The group's annual loss for fiscal year 2022 was HKD 162,877,000, a significant increase of 170% from HKD 60,227,000 in 2021, largely due to a fair value loss on financial assets of HKD 128,823,000[73]. - The interest and dividend income from financial assets at fair value through profit or loss was HKD 2,020,000 in fiscal year 2022, down from HKD 4,405,000 in fiscal year 2021[40]. - The fair value decrease of financial assets at fair value through profit or loss increased by 199% to HKD 128,823,000 in fiscal year 2022 from HKD 43,244,000 in fiscal year 2021[48]. - Rental income from investment properties for the fiscal year 2022 was HKD 4,406,000, a decrease from HKD 6,245,000 in the previous year due to lower rental rates and occupancy[38]. - Administrative expenses rose by HKD 10,771,000 or 54% to HKD 30,675,000 in fiscal year 2022, driven by increased staffing for property development projects and legal costs for new investments[71]. - Financing costs decreased by HKD 462,000 or 8% to HKD 5,472,000 in fiscal year 2022, attributed to the repayment of certain bank loans[72]. Investment Properties - The fair value of the company's investment properties as of June 30, 2022, was HKD 295,100,000, down from HKD 316,700,000 a year earlier, reflecting a decrease of HKD 21,600,000 in fair value during the fiscal year 2022[38]. - The fair value decrease of investment properties for the fiscal year 2022 was HKD 21,600,000, compared to HKD 27,200,000 in 2021, reflecting ongoing impacts from the COVID-19 pandemic on the Hong Kong office market[55]. - The company recognized revenue of HKD 4,705,000 from property deliveries during the fiscal year 2022, with a gross margin of 17% after comprehensive adjustments[37]. Corporate Governance - The company has adopted the corporate governance code as its own governance code to enhance shareholder interests and group performance[153]. - The board of directors includes at least three independent non-executive directors, complying with listing rules after the appointment of a new independent director on May 3, 2022[164]. - The company aims for at least 1/3 of board members to be independent non-executive directors and at least 1 member with accounting or related financial management qualifications[176]. - The company emphasizes equal opportunities in all business aspects, ensuring no discrimination based on various factors[175]. - The company is focused on maintaining high standards of corporate governance and enhancing board diversity benefits[175]. Management and Strategy - The company plans to strengthen internal management and optimize business structure to address various challenges in the upcoming year[32]. - The company aims to identify new development trends and opportunities to enhance asset value amid unprecedented changes in the global landscape[32]. - The company is gradually improving its investment business framework while seeking promising investment opportunities[32]. - The group faced significant challenges in the domestic real estate sector during the fiscal year 2022, but it continued to advance its projects and address historical issues[32]. Shareholder Information - The company did not recommend the payment of a final dividend for the fiscal year 2022, consistent with the previous year[109]. - The company reported a total distributable reserve of approximately HKD 73,390,000 as of June 30, 2022, compared to HKD 61,012,000 in 2021, reflecting an increase of about 20%[121]. - The five largest suppliers accounted for 56% of procurement, while the largest supplier contributed 20% to the resort and property development segment[122]. - The five largest customers represented 32% of total revenue, with the largest customer accounting for 8%[122]. Legal and Compliance - The group initiated legal proceedings to appoint a liquidator for Green Asia Fund due to non-payment of redemption amounts totaling HKD 30,497,000[41]. - The company has not reported any significant legal disputes as of June 30, 2022[90]. - The company has not disclosed any related party transactions that require disclosure under the Listing Rules during the fiscal year 2022[138]. Employee and Operational Information - The group employed a total of 38 full-time employees as of June 30, 2022, compared to 28 in the previous year, with total employee costs amounting to HKD 10.78 million[91]. - The company has maintained a public float of at least 25% of its total issued share capital as of the report date[147]. - The company has not entered into any management contracts related to its business operations during the fiscal year 2022[146]. Audit and Financial Reporting - The audit committee reviewed the consolidated financial statements for the fiscal year 2022 before approval by the board[149]. - The consolidated financial statements for the fiscal year 2022 were audited by Zhongren Zhonghuan (Hong Kong) CPA Limited[150]. - The Board is responsible for presenting fair, clear, and understandable annual and interim reports, as well as other financial disclosures[195]. - The management provided necessary explanations and information to the Board for informed assessment of the financial statements presented for approval[196].
诺科达科技(00519) - 2022 - 年度财报