Financial Performance - The Group's revenue for the year was approximately HK$85.5 million, representing an increase of approximately 31.7% compared to HK$64.9 million in the previous year[14]. - The Group reported a gross profit of approximately HK$22.0 million, reflecting an increase of approximately 388.9% from approximately HK$4.5 million in the previous year[14]. - Other income for the Year was approximately HK$4.6 million, a decrease of approximately 68.9% compared to HK$14.8 million in the Previous Year[24]. - The Group recorded a net foreign exchange loss of approximately HK$18.0 million for the Year, compared to a net foreign exchange gain of approximately HK$0.4 million in the Previous Year[24]. - The fair value loss for the Year amounted to approximately HK$120.7 million, compared to approximately HK$111.9 million for the Previous Year[24]. - The Group reported a loss of approximately HK$256.4 million for the Year, compared to a loss of approximately HK$242.0 million in the Previous Year[26]. - Loss per share for the Year was approximately 18.73 HK cents, compared to approximately 17.68 HK cents for the Previous Year[26]. Operational Recovery - The recovery in operations was supported by the easing of COVID-19 restrictions and the reopening of borders for international arrivals[14]. - Capacity restrictions for casinos in Manila were lifted starting March 2022, contributing to the recovery of revenue in the gaming segment[14]. - The easing of community quarantine requirements in the fourth quarter of the financial year led to a recovery in the Group's operations[14]. - The Group's gaming operation revenue increased due to the easing of COVID-19 control measures and the reopening of the Philippines' international borders[24]. - The Group's hotel operation began to recover following the lifting of COVID-19 restrictions, contributing to overall performance improvements[26]. - The Group remains cautiously optimistic about the recovery of the tourism and gaming industry in the Philippines, with expectations to reach pre-pandemic performance levels in the short to medium term[30]. Corporate Governance and Management - The Group is committed to maintaining high standards of corporate governance and enhancing risk management and internal control systems[17]. - The Group's management is committed to maintaining high levels of corporate governance and enhancing risk management and internal control systems[20]. - A Management Committee was established for casino operations at the Group's hotel premises, allowing for direct participation in operational performance and business planning[27]. Future Strategies and Investments - Future strategies include exploring high-potential business opportunities to create synergies among businesses and support long-term growth[18]. - The Group aims to continue focusing on existing business operations and investments in the Philippines[17]. - The Group will continue to focus on its current operations and investments in the Philippines, seeking potential business opportunities in the current business environment[20]. - The Group plans to utilize approximately HK$150.0 million for the renovation of a hotel in Manila City, with HK$123.3 million already utilized as of June 30, 2022[40]. - Approximately HK$100.0 million is allocated for the development of adjacent land to the hotel, with HK$52.6 million utilized as of June 30, 2022[40]. - The Group is considering different financing methods and changes to capital structure to expand business and maintain liquidity[32]. Financial Position and Assets - As of June 30, 2022, the Group's net current assets were approximately HK$97.0 million, a decrease of approximately 56.5% from HK$223.0 million as of June 30, 2021[36]. - Current liabilities increased to approximately HK$467.6 million as of June 30, 2022, compared to HK$436.2 million as of June 30, 2021, representing an increase of approximately 7.9%[36]. - Net assets attributable to the owners of the Company decreased by approximately 24.9% to HK$1,195.9 million as of June 30, 2022, down from HK$1,591.6 million as of June 30, 2021[38]. - The total working capital of the Group is reported at HK$385 million[100]. - The total assets of the Group are reported at HK$3,585 million[102]. Shareholder Information - Mr. Ho Wong Meng holds approximately 18.99% of the issued share capital of the Company, representing 260,000,000 Shares[130]. - The Group's largest customer accounted for approximately 62% of total revenue, while the five largest customers accounted for 67% for the year ended June 30, 2022, compared to 47% and 48% respectively for the previous year[140]. - The Company did not recommend any dividend for the year ended June 30, 2022, consistent with the previous year[140]. - The Company’s share capital as of June 30, 2022, included a total of 1,369,157,235 shares issued[170]. Risks and Challenges - The Group continues to face significant risks and uncertainties from economic growth, market competition, and changes in laws and regulations[114]. - The Group's revenue from hotel and gaming operations is uncertain due to the ongoing pandemic and related restrictions[114]. - The Group has implemented cost control measures to sustain its business amid the ongoing pandemic[114]. - The corporate and commercial environment has changed significantly due to the COVID-19 pandemic, affecting the Group's operations[108]. Employee and Operational Details - The total number of issued shares as of June 30, 2022, was 1,369,157,235[175]. - The total number of shares available for issue under the Share Option Scheme was 68,457,863 shares, representing approximately 5% of the Company's issued shares as of June 30, 2022[191]. - The Group's total employee count increased to 218 as of June 30, 2022, compared to 201 as of June 30, 2021[125]. - Staff costs for the year amounted to approximately HK$33.0 million, up from HK$31.3 million in the previous year, with HK$31.6 million included in general and administrative expenses[125].
国际娱乐(一万)(01009) - 2022 - 年度财报