Financial Performance - For the six months ended December 31, 2021, the Group's revenue was approximately HK$111.4 million, representing an increase of approximately 52.1% compared to HK$73.2 million for the same period in 2020[9]. - The Group recorded a loss attributable to owners of the Company of approximately HK$10.3 million for the six months ended December 31, 2021, compared to a profit of approximately HK$71.9 million for the corresponding period last year[11]. - Basic loss per share for the six months ended December 31, 2021, was approximately HK$0.05, compared to basic earnings per share of approximately HK$0.41 for the same period last year[12]. - The significant decrease in profit was mainly due to a reduction in profit from player transfer activities and the absence of fair value gains on derivative financial instruments[11]. - The operating loss for the period was HK$126.3 million, compared to a loss of HK$117.2 million for the same period in 2020, indicating a deterioration in operational performance[48]. - The total comprehensive expense for the period amounted to HK$35.1 million, a significant decline from a comprehensive income of HK$97.6 million in the previous year[48]. - The company reported a total loss for the period of HK$40,144,000, compared to a profit of HK$75,924,000 in the same period last year, indicating a significant decline in overall profitability[76]. Revenue Streams - The Group operates Birmingham City Football Club, with revenue streams including match day receipts, broadcasting income, and commercial income[15]. - The increase in revenue is attributed to improved match day attendance and broadcasting arrangements[9]. - Revenue from the Club for the same period was approximately HK$96.6 million, reflecting a 68.3% increase from HK$57.4 million in the prior year, driven by growth in commercial income and match day receipts[29]. - Revenue from contracts with customers reached HK$88,646,000, up from HK$58,119,000 in the previous year, indicating a year-over-year increase of about 52%[72]. - The broadcasting segment generated HK$45,074,000 in revenue, showcasing the importance of media rights in the company's revenue structure[72]. - Revenue from other sources, including commercial income and rental income, totaled HK$22,729,000, compared to HK$15,086,000 in the previous year, marking an increase of approximately 51%[72]. Business Segments - The Group is engaged in three reportable business segments: operation of a professional football club, investment in properties, and healthcare-related business[13]. - The football club segment generated external sales of HK$96,591,000, while the healthcare business contributed HK$694,000, reflecting the diverse revenue streams of the company[76]. - The segment results for the football club showed a loss of HK$29,853,000, while the healthcare business reported a loss of HK$2,524,000, highlighting the challenges faced in these segments[76]. Operational Challenges - The global economic recovery is facing challenges due to uneven recovery and new COVID-19 variants, impacting the Group's business outlook[26]. - The lifting of COVID-19 restrictions allowed fans to attend matches, significantly improving match day receipts and commercial income[16]. - The management will adopt a cautious approach while seeking business opportunities to create value for shareholders[26]. Financial Position - As of December 31, 2021, the Group's current ratio was approximately 61.4%, an increase from 51.2% on June 30, 2021[39]. - The gearing ratio was approximately 32.4% as of December 31, 2021, down from 35.4% on June 30, 2021[39]. - Total liabilities to total assets ratio was approximately 72.9% as of December 31, 2021, compared to 71.7% on June 30, 2021[39]. - The Group had total borrowings of approximately HK$251.8 million as of December 31, 2021, down from HK$293.8 million on June 30, 2021[39]. - Current liabilities exceeded current assets by approximately HK$179.1 million as of December 31, 2021, compared to HK$267.0 million on June 30, 2021[41]. - The management is exploring opportunities for external financing and equity funding to improve liquidity and financial position[40]. Staff and Operational Costs - The company employed an average of approximately 270 full-time employees and 110 temporary staff, with total staff costs amounting to approximately HK$192.0 million, up from HK$170.6 million in the prior year[46]. - Administrative and other expenses decreased by approximately 38.9% to approximately HK$17.7 million compared to the same period in 2020[31]. - The remuneration of Directors for the six months ended December 31, 2021, was approximately HK$3,871,000, a decrease from approximately HK$4,312,000 in the same period of 2020, reflecting a reduction of about 10.2%[146]. Share Capital and Options - The total authorized share capital was 50,000,000,000 shares, amounting to HK$500,000,000[130]. - The total number of shares issued by the company as of December 31, 2021, is 19,288,998,508[162]. - The Company aims to enhance shareholder value through the Share Option Scheme by encouraging participants to work towards this goal[154]. - The total number of share options outstanding as of December 31, 2021, was 200,412,370, reflecting the Company's commitment to incentivizing its directors and employees[157]. Corporate Governance - The company complied with all applicable provisions of the Corporate Governance Code throughout the six months ended December 31, 2021[162]. - The company has adopted the Model Code for securities transactions by Directors, and all Directors confirmed compliance during the six months ended December 31, 2021[163]. - The audit committee consists of three independent non-executive directors, with Mr. Yeung Chi Tat as the chairman[167].
大象未来集团(02309) - 2022 - 中期财报