Financial Performance - For the six months ended December 31, 2023, total revenue from external customers was S$8,276,252, with contributions from the Engineering Business (S$7,593,283), FinTech Platform Business (S$306,107), and Trading and Asset Management Business (S$376,862) [8] - The consolidated loss after tax for the same period was S$6,812,255, with a consolidated loss before tax of S$6,760,605 [8] - The consolidated loss after tax for the six months ended 31 December 2023 was S$7,411,142, compared to a loss of S$7,294,021 in the previous period [21] - The loss before taxation for the six months ended December 31, 2023, was S$1,879,439, a decrease from S$2,180,575 in the same period of 2022, indicating a reduction of approximately 13.8% [171] - The company reported a loss attributable to owners of S$6,811,489 for the six months ended December 31, 2023, compared to a loss of S$7,410,525 in the same period of 2022, representing a decrease of approximately 8.1% [49] Revenue and Income - Total revenue for the six months ended 31 December 2023 was S$8,276,252, an increase from S$6,586,372 in the same period of 2022, representing a growth of approximately 25.7% [21] - Revenue from Singapore accounted for 92% of total revenue, down from 98% in 2022, indicating a diversification in geographical revenue sources [17] - Major customers included Customer A with revenue of S$985,238 and Customer B with S$3,259,910, contributing significantly to total revenue [14] - Other income increased to S$320,257 in 2023 from S$211,702 in 2022, primarily driven by interest income and government grants [26] Segment Performance - Segment results showed a loss of S$7,080,862, with the Engineering Business generating a profit of S$239,244, while the FinTech Platform Business incurred a loss of S$5,558,195 [8] - Segment assets totaled S$34,520,579, with the Engineering Business holding S$13,192,008, FinTech Platform Business S$4,892,577, and Trading and Asset Management Business S$4,714,186 [8] - Revenue from contracts with customers under IFRS 15 for integrated design and building services was S$7,114,902, showing a significant increase from S$6,087,677 in 2022 [21] Assets and Liabilities - The Group's total liabilities and equity as of 31 December 2023 are not explicitly stated but can be inferred to have increased alongside the growth in trade receivables and costs [106] - As of December 31, 2023, trade receivables increased to S$5,281,514 from S$3,744,126 as of 30 June 2023, representing a growth of approximately 41.2% [106] - The current portion of amounts due from brokers is S$4,046,815, significantly higher than S$472,056 in the previous period [128] - Trade payables increased to S$1,107,900 from S$585,428, indicating a rise in outstanding obligations [146] Depreciation and Expenses - Depreciation for property, plant, and equipment amounted to S$161,818, while depreciation for right-of-use assets was S$307,629 [8] - Depreciation for property, plant, and equipment was S$210,473, while right-of-use assets depreciation was S$287,887 for the reporting period [21] - The total staff costs increased to S$10,077,833 for the six months ended December 31, 2023, up from S$8,228,488 in 2022, reflecting a rise of about 22.5% [33] Acquisitions and Investments - The Group acquired 100% equity interests in Monmonkey Group Asset Management Limited and Quality Union Limited on August 24, 2023, expanding its operational segments [5] - The Group recognized goodwill of S$32,066 from the acquisition of Monmonkey Group Asset Management Limited on 22 December 2023, marking a new strategic investment in advisory and asset management services [110] - A gain on the disposal of a subsidiary was reported at S$253,476, with the disposal completed on December 22, 2023 [34] Share Capital and Management Compensation - The company issued 90,000,000 ordinary shares at a placing price of HK$1.05 per share on February 22, 2023, raising HK$900,000 (equivalent to S$154,444) for share capital and HK$92,655,000 (equivalent to S$15,899,947) for share premium [156] - Total compensation for key management personnel during the period was S$1,027,887, an increase of approximately 44.4% compared to S$712,076 in 2022 [172] - The company’s short-term benefits for key management increased to S$922,567 from S$605,948, reflecting a growth of approximately 52.2% [172] Financial Reporting and Standards - The Group is currently evaluating the impact of new and revised International Financial Reporting Standards that will come into effect after July 1, 2023 [1] - The company did not report any material inter-segment sales during the period [5] - The company has no intersegment sales for the reporting period, indicating a focus on external customer revenue generation [22] Other Financial Metrics - The company reported a fair value loss on cryptocurrencies of S$571 and an impairment loss of S$147 during the period [21] - The company recorded a fair value gain on cryptocurrencies of S$104,071 for the six months ended December 31, 2023, compared to a loss of S$571 in the same period of 2022 [33] - The company experienced foreign exchange losses of S$222,671 for the six months ended December 31, 2023, compared to gains of S$54,039 in the same period of 2022 [33]
HKE HOLDINGS(01726) - 2024 - 中期财报