Financial Performance - Total revenue for the year ending June 30, 2023, was HKD 431,937,000, an increase from HKD 348,678,000 in the previous year, representing a growth of approximately 24%[71] - The company reported a loss before tax of HKD 355,841,000 for the year ending June 30, 2023, compared to a loss of HKD 446,061,000 in the previous year, indicating an improvement of about 20%[71] - The net loss for the year was HKD 328,507,000, a decrease from HKD 465,994,000 in the previous year, reflecting a reduction of approximately 30%[71] - Basic and diluted loss per share for the year was HKD 24.46, an improvement from HKD 36.95 in the previous year[71] - Total comprehensive loss for the year was HKD 383,151,000, down from HKD 612,820,000 in the prior year, indicating a reduction of 37.5%[73] - The company reported a consolidated loss before tax of HKD 355,841,000 for the period[99] - The company reported a net loss attributable to shareholders of HKD 318,547,000 for the fiscal year ending June 30, 2023, compared to a net loss of HKD 465,994,000 for the previous fiscal year[142] Asset and Liability Management - Total assets decreased from HKD 4,471,917,000 in 2022 to HKD 3,902,190,000 in 2023, representing a decline of 12.8%[1] - Non-current assets decreased from HKD 2,386,729,000 in 2022 to HKD 2,025,899,000 in 2023, a reduction of 15.1%[1] - Current assets decreased from HKD 2,085,188,000 in 2022 to HKD 1,876,291,000 in 2023, reflecting a decrease of 10.0%[1] - The company's total assets less total liabilities amounted to HKD 3,585,288,000 as of June 30, 2023, down from HKD 4,050,231,000 in the previous year[66] - The company's equity attributable to owners decreased to HKD 3,545,239,000 from HKD 4,050,231,000, representing a decline of approximately 12%[66] - The group holds securities with a fair value of HKD 256,100,000 as collateral for bank financing, down from HKD 491,157,000 in the previous year[38] - The company's total liabilities for trade and other payables amounted to HKD 113,305,000, an increase from HKD 99,173,000 in the previous year[140] Investment and Segment Performance - The company recorded a net fair value loss of HKD 742,000 in the base metals segment, with copper prices down 0.4%, nickel down 13%, and zinc down 27%[26] - The energy segment generated a net fair value gain of HKD 8,206,000, with significant investments in National Atomic Company Kazatomprom JSC yielding a fair value gain of HKD 1,062,000[28] - Precious metals recorded a net fair value income of HKD 98,194,000, with Northern Star contributing HKD 45,544,000 to this figure[23] - The major investment and financial services segment reported a loss of HKD 17,635,000, compared to a profit of HKD 32,466,000 in the previous year[31] - The company's commodity business recorded a segment profit of HKD 3,470,000, down from HKD 53,649,000 in the previous fiscal year[30] - The segment performance showed a profit of HKD 78,636,000 from resource investments, while the financial services segment reported a loss of HKD 17,635,000, resulting in a total segment profit of HKD 58,955,000[99] Cash Flow and Liquidity - The company’s cash holdings averaged 30% throughout the year, reflecting a cautious approach due to a declining macroeconomic outlook[20] - The current ratio improved to 6.1 times as of June 30, 2023, up from 5.2 times on June 30, 2022, indicating better liquidity management[35] - The group faced a significant increase in employee count from 15 to 28 due to the acquisition of Prodigy Gold as a subsidiary since October 2022[39] Dividend and Shareholder Returns - The company declared an interim dividend of HKD 0.10 per share for the year ending June 30, 2023, consistent with the previous year's final dividend[56] - The total dividend declared for the year was HKD 130,249,000, down from HKD 260,425,000 in the previous year[128] - The company plans to implement a scrip dividend scheme, subject to approval from the Stock Exchange of Hong Kong[58] Economic Outlook and Strategic Plans - The company anticipates potential economic stimulus plans in China to support commodity development despite current consumer confidence issues[55] - The group will continue to seek investment opportunities to maximize shareholder value while regularly reviewing its investment strategies in response to market conditions[54] - The company plans to closely monitor foreign exchange risks, particularly as its assets are primarily denominated in AUD while liabilities are in USD and HKD[36] Impairment and Fair Value Adjustments - The company recognized a loss of HKD 276,851,000 from impairment of interests in associates[99] - The company recognized significant non-cash impairment losses of HKD 267,769,000 related to its investment in Mount Gibson[142] - The company recorded a fair value loss of HKD 129,409,000 in the precious commodities segment, with a carrying amount of HKD 324,588,000 as of June 30, 2023, down from HKD 552,081,000 a year earlier[79] - The company recognized a fair value loss of HKD 37,668,000 on trade receivables[126] - The impairment loss on interests in associates was HKD 742,220,000, compared to HKD 465,369,000 in the previous year[133] Market and Trading Performance - The company reported a significant increase in revenue from commodity trading, with iron ore sales reaching HKD 407,776,000, up from HKD 315,355,000[91] - Revenue from external customers in China reached HKD 427,519,000, a significant increase from the previous year[116] - The average Platts IODEX 62% CFR China index price for iron ore was USD 103 per dry ton in fiscal year 2023, with fluctuations between USD 73 and USD 127 during the year[147]
亚太资源(01104) - 2023 - 年度业绩