Financial Performance - The group's revenue for the six months ended September 30, 2022, was approximately HKD 20.9 million, a decrease of about 15.4% compared to the same period in 2021[9]. - The loss attributable to the owners of the company for the six months ended September 30, 2022, was approximately HKD 5.3 million, an increase of about 85.9% compared to the same period in 2021[9]. - The group incurred a pre-tax loss of HKD 5.24 million for the six months ended September 30, 2022, compared to a pre-tax loss of HKD 3.46 million for the same period in 2021[10]. - The company experienced a net loss of HKD 5,269,000 during the six-month period, which is an increase from a loss of HKD 2,834,000 in the previous year[15]. - Total revenue for the six months ended September 30, 2022, was HKD 20,893,000, down 15.5% from HKD 24,685,000 in the same period of 2021[23]. - Revenue from restaurant operations in Hong Kong was HKD 19,773,000 for the six months, a decrease of 10.5% from HKD 22,069,000 in the previous year[23]. - The company recorded a loss attributable to owners of approximately HKD 5.3 million for the six months ended September 30, 2022, compared to a loss of HKD 2.8 million in the previous year[58]. Assets and Liabilities - The total assets less current liabilities as of September 30, 2022, amounted to HKD 15.1 million, compared to HKD 8.8 million as of March 31, 2022[12]. - The net asset value as of September 30, 2022, was HKD 5.98 million, an increase from HKD 5.52 million as of March 31, 2022[12]. - The company's cash and cash equivalents as of September 30, 2022, were HKD 8.38 million, down from HKD 11.62 million as of March 31, 2022[12]. - The total equity attributable to the owners of the company as of September 30, 2022, was HKD 8.05 million, compared to HKD 7.49 million as of March 31, 2022[12]. - The company's total equity as of September 30, 2022, was HKD 5,977,000, a decrease from HKD 21,345,000 at the beginning of the period[13]. - Non-current assets as of September 30, 2022, were HKD 11,392,000, down from HKD 13,697,000 as of March 31, 2022[27]. Cash Flow - For the six months ended September 30, 2022, the company reported a net cash inflow from operating activities of HKD 2,211,000, compared to HKD 649,000 for the same period in 2021, representing a significant increase[15]. - The company incurred a net cash outflow from investing activities of HKD 490,000, an improvement from HKD 2,356,000 in the previous year[15]. - The company’s financing activities resulted in a cash outflow of HKD 4,958,000, slightly better than the HKD 5,430,000 outflow recorded in the same period last year[15]. - The company reported a decrease in cash and cash equivalents, ending the period with HKD 8,382,000, down from HKD 22,004,000 at the beginning of the period[16]. - The company's cash and bank balances were approximately HKD 22.0 million as of September 30, 2022, a decrease of about HKD 3.2 million from HKD 11.6 million on March 31, 2022[68]. Employee Costs - Total employee costs for the six months ended September 30, 2022, were HKD 10,421,000, slightly down from HKD 10,615,000 in 2021[32]. - The company’s short-term employee benefits for the six months ended September 30, 2022, were HKD 715,000, compared to HKD 3,578,000 for the same period in 2021[42]. - The company had a total of 78 employees as of September 30, 2022, down from 99 employees in 2021[86]. - Employee costs decreased by approximately 1.8% to HKD 10.4 million, with employee costs accounting for about 49.9% of revenue for the six months ended September 30, 2022, compared to 43.0% in the previous year[51]. Dividends and Shareholder Information - The board of directors did not recommend the payment of any dividends for the six months ended September 30, 2022 (2021: none)[9]. - The company has not reported any new product launches or significant market expansions during this period[17]. - The company has no plans to declare an interim dividend for the six months ended September 30, 2022[75]. - No major shareholders or individuals were identified as having interests that require disclosure under the Securities and Futures Ordinance as of September 30, 2022[93]. Corporate Governance - The company has adopted corporate governance practices in line with GEM Listing Rules, ensuring transparency and accountability to shareholders[98]. - The company deviated from the corporate governance code by having the same individual serve as both Chairman and CEO since February 1, 2022, which the board believes is in the company's best interest[99]. - The Audit Committee, consisting of independent non-executive directors, reviewed the financial reporting process and internal controls for the six-month period ending September 30, 2022[101].
赏之味(08096) - 2023 - 中期财报