Financial Performance - For the fiscal year ending March 31, 2022, the company reported unaudited revenue of HKD 6,463,000, a decrease of 75.7% compared to the audited revenue of HKD 26,594,000 for the previous year[6]. - The gross profit for the fiscal year was HKD 2,388,000, representing a slight increase of 1.2% from HKD 2,359,000 in the previous year[6]. - The company incurred a loss before tax of HKD 6,963,000, compared to a loss of HKD 28,935,000 in the previous year, indicating a reduction in losses by 75.8%[6]. - The total comprehensive loss for the year was HKD 6,963,000, compared to HKD 28,935,000 in the previous year, showing a significant improvement in financial performance[6]. - The company reported a total loss attributable to owners of HKD 6,963,000 for 2022, compared to a loss of HKD 28,935,000 in 2021[28]. - The company’s net loss decreased from approximately HKD 28,900,000 for the year ended March 31, 2021, to approximately HKD 6,960,000 for the year ended March 31, 2022, primarily due to significant revenue decline caused by COVID-19 disruptions[35]. - Total revenue decreased by approximately HKD 20,100,000 or 75.7%, from about HKD 26,600,000 for the year ended March 31, 2021, to approximately HKD 6,500,000 for the year ended March 31, 2022[40]. Expenses and Costs - Administrative expenses for the year were HKD 8,928,000, down from HKD 30,182,000 in the previous year, reflecting a decrease of 70.4%[6]. - Employee costs for the group were approximately HKD 6.6 million for the year ended March 31, 2022, down from HKD 10.4 million in 2021[65]. - The company incurred employee costs of HKD 6,636,000 in 2022, down 36.5% from HKD 10,382,000 in 2021[25]. - Financing costs decreased to HKD 544,000 in 2022 from HKD 2,628,000 in 2021, a reduction of 79.3%[24]. - Service costs decreased by approximately HKD 20,200,000 or 83.2%, from about HKD 24,200,000 for the year ended March 31, 2021, to approximately HKD 4,100,000 for the year ended March 31, 2022[43]. - Other income decreased from approximately HKD 1,500,000 for the year ended March 31, 2021, to approximately HKD 120,000 for the year ended March 31, 2022, due to the absence of government subsidies[45]. Assets and Liabilities - Current assets decreased to HKD 96,638,000 from HKD 114,560,000, a decline of 15.6% year-over-year[7]. - Current liabilities increased to HKD 57,216,000 from HKD 68,111,000, a decrease of 16.0% compared to the previous year[7]. - The company's net current assets were HKD 39,422,000, down from HKD 46,449,000, indicating a decline of 15.5%[7]. - The company's net asset value increased from HKD 40,535,000 in 2021 to HKD 47,498,000 in 2022, representing a growth of approximately 17.5%[9]. - Total equity decreased from HKD 47,498,000 in 2021 to HKD 40,535,000 in 2022, indicating a decline of about 14.6%[11]. - The company's capital and reserves showed a decrease from HKD 34,498,000 in 2021 to HKD 27,535,000 in 2022, reflecting a reduction of approximately 20.1%[9]. - The accumulated losses increased from HKD 29,808,000 in 2021 to HKD 36,771,000 in 2022, which is an increase of about 23.3%[11]. - As of March 31, 2022, the total assets of the group were approximately HKD 99.7 million, down from HKD 117.6 million in 2021[53]. - The group's total liabilities and equity were approximately HKD 59.2 million and HKD 40.5 million respectively as of March 31, 2022, compared to HKD 70.1 million and HKD 47.5 million in 2021[53]. - The group's bank borrowings decreased to approximately HKD 12.3 million as of March 31, 2022, from HKD 36.6 million in 2021[53]. - The asset-to-equity ratio improved from approximately 77.1% on March 31, 2021, to about 30.4% on March 31, 2022, due to a reduction in bank borrowings[56]. Corporate Governance and Compliance - The board of directors has confirmed that the unaudited financial information is accurate and complete, ensuring transparency for shareholders and the public[3]. - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited annual performance for the year ending March 31, 2022, and confirmed compliance with applicable accounting standards[81]. - The company has adhered to all applicable corporate governance code provisions during the reporting period[70]. - The company has established a code of conduct for directors regarding securities trading, with no violations reported during the reporting period[76]. - The company confirmed compliance with a non-competition agreement with Harmony Asia International for the fiscal year ending March 31, 2022[79]. - There were no significant changes in the company's performance, financial position, or outlook that were not communicated to the board[73]. Future Outlook and Plans - The company anticipates that the adoption of new and revised Hong Kong Financial Reporting Standards will not have a significant impact on its financial statements in the foreseeable future[19]. - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[18]. - The company aims to expand its business into the Greater Bay Area while actively participating in the tendering process for several construction or property development companies in Hong Kong[39]. - The company anticipates confirming revenue of over HKD 30,000,000 from four construction management projects within the next 18 to 24 months[39]. - The company has no plans for new product launches or market expansions mentioned in the conference call[34]. Shareholder Information - The company did not declare or recommend any dividends for the year ended March 31, 2022, consistent with 2021[30]. - The group did not declare or propose any dividends for the years ended March 31, 2022, and 2021[52]. - Shareholders and potential investors are advised to exercise caution when trading the company's securities as the financial data is unaudited and not approved by auditors[89].
浩柏国际(08431) - 2022 Q4 - 年度财报