Financial Performance - For the six months ended September 30, 2022, the company reported a loss before tax of HKD 7,942,000, an improvement from a loss of HKD 10,858,000 in the same period last year, representing a decrease of approximately 26.5%[6] - The total comprehensive loss for the period was HKD 622,699,000, significantly higher than HKD 68,793,000 in the previous year, indicating an increase of approximately 804.5%[8] - The basic and diluted loss per share for the period was HKD 0.02, compared to HKD 0.05 in the same period last year, indicating an improvement of 60%[8] - The company recorded a basic loss attributable to owners of approximately HKD 4,379,000 for the six months ended September 30, 2022, compared to a loss of HKD 9,726,000 for the same period in 2021, representing a 55% improvement in losses year-over-year[50] - The group reported a total loss before tax of HKD (7,942) thousand for the six months ended September 30, 2022, compared to a loss of HKD (10,858) thousand in the same period of 2021[25] Income and Expenses - Other income increased to HKD 800,000 from HKD 428,000 year-on-year, reflecting a growth of approximately 86.9%[6] - The company reported a significant foreign exchange loss of HKD 614,757,000 during the period, compared to a loss of HKD 57,935,000 in the previous year, reflecting a substantial increase in foreign exchange impact[6] - The net cash used in operating activities for the six months ended September 30, 2022, was HKD (18,134) thousand, compared to HKD (15,210) thousand for the same period in 2021[17] - The net cash used in investing activities for the six months ended September 30, 2022, was HKD (3,103) thousand, a significant decrease from HKD 26,802 thousand in 2021[17] - The net cash used in financing activities for the six months ended September 30, 2022, was HKD (558) thousand, compared to HKD 1,795 thousand in the previous year[17] Assets and Liabilities - The company's non-current assets decreased to HKD 2,649,348,000 from HKD 3,263,383,000, a decline of about 18.8%[11] - The total equity attributable to the owners of the company decreased to HKD 2,249,238,000 from HKD 2,739,897,000, representing a decrease of approximately 17.9%[13] - The company’s total liabilities decreased to HKD 5,157,000 from HKD 7,841,000, a reduction of approximately 34.1%[11] - The company’s cash and cash equivalents as of September 30, 2022, were HKD 150,303,000, down from HKD 163,168,000 at the end of the previous reporting period, a decrease of approximately 7.9%[11] - The total cash and cash equivalents at the end of the period was HKD 150,303 thousand, down from HKD 176,702 thousand at the end of the same period in 2021[17] Project Developments - The Evander project has an estimated mineral resource of 19.64 million tons containing 4.29 million ounces of gold, with an average grade of 6.80 grams per ton[58] - The company invested approximately ZAR 2.02 million in the Evander project during the review period[58] - The Jeanette project has an estimated total gold extraction of 2.89 million ounces, with an initial capital cost of $523.5 million[74] - The project has a mine life of 22 years, with a payback period of 8.7 years[74] - The company focused on the Jeanette project due to its lower capital costs and quicker delivery time for initial production compared to the Evander project[84] Corporate Actions - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2022, consistent with the previous year[41] - The company decided not to proceed with the proposed acquisition and terminated the agreement, resulting in the return of HKD 30,000,000 as a deposit[80] - The company terminated the sale agreement for its 100% interest in HIL due to the potential buyer's inability to provide sufficient funding[93] - The remaining deposit of HKD 30,000,000 is to be returned by the seller by December 31, 2022[80] Governance and Compliance - The company has complied with the corporate governance code during the six months ending September 30, 2022, with minor deviations noted[108] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the six months ending September 30, 2022[112] - There were no purchases, sales, or redemptions of the company's shares or other listed securities during the reporting period[113] Employee and Shareholder Information - As of September 30, 2022, the total number of employees was 24, consistent with the previous quarter[94] - Goldborn Holdings Limited holds 2,001,362,075 shares, representing 11.03% of the total issued shares[102] - Mandra Materials Limited owns 777,434,722 shares, accounting for 4.28% of the total issued shares[102] - The company has no short positions in its shares or related securities as of September 30, 2022[107] - The new share option plan allows for the issuance of up to 1,815,147,198 shares, representing 10% of the issued share capital as of August 28, 2020[95] - The company has not granted or exercised any options under the new share option plan as of September 30, 2022[95]
坛金矿业(00621) - 2023 - 中期财报