Employee Demographics and Training - The Group employed a total of 42 employees as of the end of the Reporting Period, with 20 male and 22 female staff[36]. - The workforce age distribution includes 7 employees under 30, 20 between 30 to 39, 11 between 40 to 49, and 4 between 50 to 59[36]. - The Group's employee distribution by category includes 5 executives, 2 technical staff, and 35 administrative staff[36]. - The Group's employee count remained stable with 42 employees in FY2023, compared to 41 in FY2022[49]. - The Group provided an average of 1.12 training hours per employee in FY2023, with 100% of employees receiving training[80]. - Male employees received an average of 1.13 training hours, while female employees received 1.11 hours in FY2023[80]. - Employee training participation included 42 employees, with 12% being executives, 5% technical, and 83% administrative[102]. Environmental Impact and Sustainability - The Group's carbon footprint during the Reporting Period was 82.59 tons of CO2 equivalent, resulting in a carbon density of 1.97 tons per employee[18]. - Water consumption decreased to a total of 188 cubic meters during the Reporting Period, leading to a water intensity of 4.48 cubic meters per employee[27]. - The Group aims to maintain energy consumption intensity at the same level as FY2022 by the end of FY2027[24]. - The Group has set a target to maintain water discharge intensity at the same level as FY2022 by the end of FY2027[26]. - The Group encourages employees to use public transportation to reduce environmental impact[31]. - The Group's environmental policy emphasizes enhancing carbon emission disclosure and improving climate change risk management[35]. - The Group's operations are committed to integrating sustainability principles into event management to reduce waste[31]. - The Group prioritizes suppliers that promote efficient resource use and environmental protection, gradually incorporating eco-friendly elements into procurement processes[116]. - The Group has integrated environmental considerations into its procurement process, prioritizing suppliers that provide durable products with less packaging[140]. Financial Performance and Position - The Group's interest-bearing bank borrowings were approximately HK59.9 million in the previous year[44]. - The Group's cash and cash equivalents were approximately HK108.7 million as of March 31, 2022[47]. - The Group's gearing ratio indicated a net cash position as of March 31, 2023, consistent with the previous year[45]. - The Group has no material capital commitments or significant contingent liabilities as of March 31, 2023[46]. - As of March 31, 2023, there were no significant contingent liabilities reported by the Group[146]. - The Group's asset-liability ratio is calculated based on interest-bearing borrowings minus cash and cash equivalents divided by shareholders' equity, indicating a net cash position[182]. - The Group's treasury policy emphasizes risk control and transactions directly related to its principal business, with funds primarily in Japanese Yen and Hong Kong dollars[187]. - All borrowings were floating rate borrowings, secured by bank deposits of approximately HK$4.0 million during the Reporting Period[188]. Employee Turnover and Recruitment - The Group's employee turnover rate surged from 12% in FY2022 to 90% in FY2023, indicating significant restructuring impacts[64]. - The turnover rate for male employees reached 90%, while female employees experienced a turnover rate of 91% in FY2023[65]. - Among age groups, the turnover rate for employees under 30 years old was 100%, and for those aged 30-39, it was 105%[65]. - In Japan, the turnover rate was notably high at 129%, compared to 5% in FY2022[65]. - The Group's recruitment and promotion processes are conducted fairly and openly, ensuring no discrimination based on various factors[41]. - The Group's anti-discrimination policies ensure a diverse and inclusive workplace, promoting equal opportunities for all employees[68]. - The Group has dedicated resources to attract and retain talent, emphasizing on-the-job training programs for employee development[74]. Compliance and Risk Management - The Group's commitment to workplace safety resulted in no incidents of non-compliance with occupational health and safety laws during the reporting period[69]. - The Group has encountered no incidents of non-compliance with major applicable labor laws and regulations during the reporting period[85]. - The Group has integrated climate change risks into its business strategies and conducts annual enterprise risk assessments[54]. - The Group has implemented stringent internal control and risk management systems to authenticate and value artworks, ensuring all artwork sellers pass rigorous assessment procedures[113]. - The Group has integrated pandemic risks into its enterprise risk management mechanism and has utilized digital infrastructure for business continuity, conducting auctions on its online platform[114]. - The Group has not faced any significant product liability claims or major complaints regarding product quality during the Reporting Period[175]. Business Development and Market Position - The Group has diversified its business scope by venturing into contemporary artwork and fine & rare whisky and moutai[197]. - The Group aims to strengthen its market position and share in the Chinese and Japanese art auction markets, enhancing brand recognition[197]. - The Group is accelerating the development of its online auction platform to adapt to current market trends and provide a multi-scenario auction experience[198]. - The impact of the COVID-19 pandemic has created unpredictability in market demand and conditions for artworks, affecting the art auction market[198]. - The Group is targeting to expand its business footprint into other major Asian cities and the global market to enhance brand influence[197]. - The Group is focused on recruiting high-caliber managers and experts to support sustainable growth[197]. - The online trading and information platform development allows the Group to provide more flexibility in coping with economic uncertainty[198].
东京中央拍卖(01939) - 2023 - 年度财报