Financial Performance - The Group's revenue for the year ended June 30, 2022, was approximately HK$220.9 million, representing an increase of approximately 33.9% compared to HK$165.0 million in 2021[6]. - The loss attributable to owners of the Company for the year ended June 30, 2022, was approximately HK$40.7 million, a decrease from approximately HK$74.2 million in 2021[6]. - The basic loss per share was approximately HK0.21 cent, compared to approximately HK0.40 cent in the previous year[27]. - Revenue from the football club segment for the year ended June 30, 2022, was approximately HK$191.7 million, an increase of approximately 50.5% from HK$127.4 million in 2021, primarily due to growth in commercial income and match day receipts[44]. - Revenue from the healthcare business for the year ended June 30, 2022, was approximately HK$1.0 million, a decrease from approximately HK$5.9 million in 2021[46]. - Operating expenses for the year ended June 30, 2022, were approximately HK$465.6 million, representing an increase of approximately 9.0% from HK$427.1 million in 2021[47]. - Other income for the year ended June 30, 2022, was approximately HK$12.7 million, a decrease of approximately 22.1% from HK$16.3 million in 2021, mainly due to a decline in government subsidies[48]. - The Group recorded a net gain of approximately HK$6.7 million in other gains and losses for the year ended June 30, 2022, compared to a loss of approximately HK$3.7 million in 2021[49]. - The Group's current ratio improved to approximately 80.2% as of June 30, 2022, compared to approximately 51.2% in 2021[59]. - Total borrowings increased to approximately HK$349.1 million as of June 30, 2022, up from approximately HK$293.8 million in 2021[60]. - The Group's total liabilities to total assets ratio was approximately 78.1% as of June 30, 2022, compared to approximately 71.7% in 2021[59]. - The Group's bank balances and cash decreased to approximately HK$35.7 million as of June 30, 2022, down from approximately HK$44.8 million in 2021[60]. - The total staff costs for the Group amounted to approximately HK$377.0 million for the year ended June 30, 2022, compared to approximately HK$369.9 million in 2021[70]. Business Segments - The Group engaged in three reportable business segments: operation of a professional football club in the UK, investment in properties, and healthcare-related business[7]. - The Group operates Birmingham City Football Club, which generated revenue from match day receipts, broadcasting income, and commercial income[31]. - The Group is focused on expanding its healthcare business, capitalizing on the increasing demand for high-end medical products and services in China due to its aging population and growing middle class[15][17]. - The Group's investment in properties in Phnom Penh, Cambodia, is expected to provide a stable income stream[14][16]. Management and Strategy - The management is committed to improving the overall game performance of the football club and will provide full support for this goal[8]. - The management aims to improve the overall performance of Birmingham City Football Club to achieve a higher ranking in the league for the upcoming season[33]. - The management is optimistic about the recovery of the local economy in Cambodia, projecting a growth of 4.5% in 2022, which may enhance the value of the Group's investment properties[14][16]. - The management will continue to seek investment opportunities globally to expand the Group's business portfolio[21][23]. Corporate Governance - The Company aims to achieve high standards of corporate governance to safeguard shareholder interests[160]. - The Company has established several Board Committees, including the Audit Committee, Remuneration Committee, and Nomination Committee, to enhance Board functions[174]. - The Company has complied with all applicable provisions of the Corporate Governance Code for the year ended June 30, 2022, except for certain regular Board meetings held with less than 14 days' notice[160]. - The Board of Directors consists of eight members, including four Executive Directors and three Independent Non-executive Directors, ensuring a balance of skills and experience[161]. - The Company received written annual confirmation of independence from all existing Independent Non-executive Directors[161]. Risk Management - The Group is exposed to financial risks related to interest rates, foreign currency, credit, and liquidity, which could impact its financial performance[73]. - Liquidity risk exists as the Group may be unable to meet obligations under loan agreements, which could lead to events of default[74]. - The Group's operations could be adversely affected by outbreaks of contagious diseases, impacting economic demand and productivity[71]. - The Group's financial condition may be influenced by fluctuations in the global economy or specific markets, posing business risks[72]. - An independent consultant was engaged to review the risk management and internal control systems for the year ended June 30, 2022[194]. - The Board will implement appropriate measures to minimize identified risks and control them within acceptable levels[195]. - The risk management and internal control systems are designed to manage risks rather than eliminate them[193]. Shareholder Information - The Board does not recommend the payment of a final dividend for the year ended June 30, 2022, consistent with the previous year where no dividend was declared[118]. - The Company's distributable reserves as of June 30, 2022, amounted to approximately HK$148,212,000, a decrease from approximately HK$193,562,000 in 2021[121]. - Sales to the five largest customers accounted for less than 30% of total revenue for the year ended June 30, 2022[121]. - The total number of shares in issue as of June 30, 2022, was 19,288,998,508[124]. Employment and Staff - The Group employed an average of approximately 270 full-time employees and 110 temporary staff members during the year ended June 30, 2022, a decrease from approximately 320 full-time employees and 60 temporary staff members in 2021[70]. - The total remuneration of senior management (excluding Directors) for the year ended 30 June 2022 ranged from HK$500,000 to HK$3,000,000[181]. - The Company continues to provide remuneration packages to attract and retain high-caliber staff, including medical and retirement benefits[181]. Environmental and Social Responsibility - The Group's commitment to environmental sustainability is reflected in its operational practices[81]. - The Group strictly complies with local environmental laws and regulations to ensure long-term sustainability[81].
大象未来集团(02309) - 2022 - 年度财报