Financial Performance - Total revenue for the year ended June 30, 2022, was SGD 11,961,710, a decrease of 15.4% from SGD 14,136,821 in the previous year[10] - The company reported a pre-tax loss of SGD (1,581,965), which is an improvement of 67.1% compared to SGD (4,815,227) in the prior year[10] - Net loss attributable to equity holders of the company was SGD (1,685,280), down 65.5% from SGD (4,883,965) year-on-year[10] - The group reported revenue of approximately SGD 12.0 million for the fiscal year ending June 30, 2022, down from SGD 14.1 million in 2021, with a loss of SGD 1.8 million compared to a loss of SGD 4.9 million in the previous year[14] - Total revenue for the year was approximately SGD 12.0 million, a decrease of about SGD 2.2 million or 15.4% compared to SGD 14.1 million for the year ended June 30, 2021[38] Assets and Liabilities - Total assets decreased by 37.4% to SGD 10,765,522 from SGD 17,195,016[10] - Total liabilities decreased by 31.8% to SGD 10,146,974 from SGD 14,868,877[10] - Net assets decreased by 73.4% to SGD 618,548 from SGD 2,326,139[10] - The group's net current liabilities increased to 3.4 million SGD as of June 30, 2022, compared to 2.4 million SGD in 2021[63] - Total borrowings decreased from approximately 0.9 million SGD as of June 30, 2021, to about 0.6 million SGD, a reduction of approximately 0.3 million SGD or 37.7%[65] Operational Adjustments - The company plans to adopt a cautious approach to adjust its business strategy to minimize losses and improve performance amid ongoing uncertainties[16] - A series of reforms and adjustments have been implemented to streamline operations, enhance product and service quality, reduce costs, and improve efficiency[16] - The company has reorganized affected restaurants and negotiated rent reductions with landlords to mitigate the impact of the pandemic[34] - The company has reduced the number of bakery outlets from 18 to 13, and the total number of outlets decreased from 28 to 24[38] Employee and Workforce Management - Employee benefits costs remained stable at approximately SGD 4.5 million, consistent with the previous fiscal year[48] - The group employed a total of 165 employees as of June 30, 2022, down from 169 in 2021[76] - Employee count increased from 162 in FY2021 to 165 in FY2022, indicating a growth in workforce[111] - The percentage of full-time employees rose from 58.6% in FY2021 to 67.9% in FY2022, indicating a shift towards more stable employment[154] - New employee count increased significantly from 16 in FY2021 to 39 in FY2022, a rise of 143.75%[154] Environmental and Sustainability Efforts - The company aims to deepen its sustainability efforts by monitoring environmental, social, and governance indicators and setting additional goals[89] - The company plans to reduce electricity and water consumption by 5% compared to the previous fiscal year[106] - The company aims to minimize waste generation, including waste from unsold products[106] - Greenhouse gas emissions decreased from 22 tons of CO2 equivalent in FY2021 to 15 tons in FY2022, representing a reduction of approximately 32%[111] - Total electricity consumption dropped by 58% from 1,671,176 kWh in FY2021 to 701,857 kWh in FY2022[121] Compliance and Governance - The company has a strong commitment to corporate governance and internal controls to maintain stakeholder trust and brand reputation[166] - The company has implemented a code of conduct and anti-corruption policies communicated to all new employees and directors[181] - The company adheres to relevant employment laws and regulations, ensuring compliance in its operations[191] - The company has not reported any significant violations of local labor laws in FY2022[145] Customer Relations and Brand Management - The company has a formal customer complaint management policy, addressing feedback through various channels and offering cash vouchers ranging from SGD 10 to SGD 50 to resolve issues[175] - The company has registered its brand logos and names as trademarks, with no reported cases of intellectual property infringement in the fiscal year 2022[176] - The company emphasizes responsible sourcing and evaluates suppliers based on food safety, product quality, and delivery performance[168] Community Engagement - The company actively participates in charitable activities to support local communities and prevent food waste by donating unsold products[182] - The focus areas for community contributions include education, environmental issues, labor needs, health, culture, and sports[199]
环球友饮智能(08496) - 2022 Q4 - 年度业绩