Financial Performance - Total revenue for the year ended June 30, 2022, was HKD 348,678,000, a decrease of 38.3% from HKD 564,600,000 in 2021[3] - The company reported a loss attributable to owners of HKD 465,994,000 for the year, compared to a profit of HKD 1,357,290,000 in the previous year[6] - Basic and diluted loss per share was HKD 36.95, down from earnings of HKD 111.35 per share in 2021[7] - Gross profit for the year was HKD 81,095,000, representing a decline of 21% from HKD 102,632,000 in the prior year[4] - The company recorded a consolidated loss before tax of HKD 446,061,000, indicating challenges in profitability[40] - The company reported a net loss of HKD 465,994,000 for the year 2022, compared to a profit of HKD 1,357,290,000 in 2021[77] Revenue Sources - The company reported total revenue of HKD 3,301,312,000 from resource investments, with a significant contribution from external customers[40] - The company’s resource trading segment generated revenue of HKD 315,355,000, contributing to its diversified income streams[40] - Total revenue from financial assets at fair value through profit or loss was HKD 288,078,000 in 2022, down from HKD 646,759,000 in 2021, representing a decrease of approximately 55.6%[62] - The total revenue from external customers for the year ended June 30, 2022, was HKD 564,600,000, with significant contributions from China (HKD 335,300,000) and Hong Kong (HKD 10,682,000) [59] Assets and Liabilities - The company's total assets decreased to HKD 4,471,917,000 from HKD 4,937,783,000, a decline of 9.4%[22] - Total liabilities increased to HKD 421,686,000 from HKD 114,190,000, a significant rise of 269%[21] - The total assets of the company amounted to HKD 4,471,917,000, with major investments and financial services accounting for HKD 368,031,000[42] - The total liabilities of the company were HKD 421,686,000, with significant obligations in trade and other payables[42] Expenses and Costs - Administrative expenses decreased to HKD 62,278,000 from HKD 111,267,000, a reduction of 44%[4] - Employee costs, including salaries and allowances, amounted to HKD 25,668,000 in 2022, down from HKD 80,703,000 in 2021, reflecting a decrease of approximately 68.2%[66] - The total cost of goods sold recognized as an expense was HKD 259,206,000 in 2022, down from HKD 459,983,000 in 2021, indicating a decrease of approximately 43.6%[66] Foreign Exchange and Impairment - The company reported a significant foreign exchange loss of HKD 144,157,000 compared to a gain of HKD 155,570,000 in the previous year[10] - The company reported a net foreign exchange loss of HKD 22,097,000 for the year [56] - The impairment loss recognized on interests in associates was HKD 465,369,000 in 2022, compared to an impairment gain of HKD 580,014,000 in 2021[79] - The company reported a fair value loss of HKD 37,668,000 on trade receivables in 2022, compared to a loss of HKD 3,498,000 in 2021[62] Investments and Acquisitions - The group completed the acquisition of 100% of the issued share capital of Allied Properties Resources Limited for approximately HKD 102,582,000, which holds a 25.83% stake in Dragon Resources Limited[141] - On March 18, 2022, the group completed the acquisition of 100% of the issued share capital of Baowen Limited for HKD 75,000,000, which holds a 45% stake in Huaneng Shouguang Wind Power Co., Ltd.[142] - The company holds a 46.3% interest in Tanami Gold, which has a cash balance of AUD 33,000,000[100] - The fair value of investments in Mount Gibson and Metals X decreased to HKD 956,057,000 and HKD 246,730,000 respectively, which may impact impairment losses for the year ending June 30, 2023[150] Strategic Outlook - The company plans to conduct flexible investments in selected commodities while continuing to seek long-term investment opportunities that can generate substantial returns[155] - The company maintains a cautious outlook on commodity and stock market prospects due to ongoing inflation control measures by the US Federal Reserve and China's dynamic zero-COVID policy[154] - The company has implemented measures to minimize risks related to COVID-19, ensuring business operations continue safely[148] Corporate Governance - The financial statements for the year ending June 30, 2022, have been reviewed by the audit committee[159] - The company fully complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules for the year ending June 30, 2022[158] - The board recommends adopting new bylaws to align with the core shareholder protection levels outlined in the listing rules appendix three[162]
亚太资源(01104) - 2022 Q4 - 年度业绩