Financial Performance - Total revenue for the year ended June 30, 2023, was HKD 217,097,000, a decrease of 1.3% from HKD 220,939,000 in 2022[2] - The operating loss narrowed to HKD 201,111,000 from HKD 244,613,000, showing an improvement of 17.7%[2] - The company reported a pre-tax loss of HKD 84,846,000 for 2023, an improvement from a loss of HKD 107,768,000 in 2022, representing a reduction of approximately 21.2%[16] - The company incurred a total comprehensive loss of HKD 96,295,000 in 2023, compared to HKD 82,001,000 in 2022, which is an increase of approximately 17.4%[16] - The net loss attributable to the owners of the company was approximately HKD 25,657,000 for the year ended June 30, 2023[11] - The company reported a loss attributable to shareholders of HKD 25,657,000 for 2023, a decrease from a loss of HKD 40,661,000 in 2022, indicating an improvement of approximately 37%[39] - The basic and diluted loss per share for the company was HKD 3.33, improved from HKD 5.27 in the previous year, indicating a reduction of about 36.8%[16] Revenue Breakdown - The company generated commercial revenue of HKD 21,396,000 from contracts with customers at a point in time, up from HKD 11,929,000 in 2022, reflecting an increase of approximately 79.5%[19] - Matchday revenue increased to HKD 16,060,000 in 2023 from HKD 15,557,000 in 2022, showing a growth of about 3.2%[19] - The company’s segment revenue from football clubs was HKD 186,587,000, while property investment generated HKD 28,179,000, and healthcare business contributed HKD 2,331,000, totaling HKD 217,097,000[26] - The total revenue from contracts with customers in the UK was HKD 186,206,000 for 2023, a slight decrease from HKD 190,891,000 in 2022[49] - The overall revenue from the football club segment for the year ended June 30, 2023, was approximately HKD 186,600,000, a decrease of about 2.7% from HKD 191,700,000 in 2022, primarily due to the depreciation of the British pound[127] Expenses and Costs - Operating expenses decreased to HKD 418,208,000 from HKD 465,552,000, reflecting a reduction of 10.1%[2] - The company reported employee costs of HKD 319,107,000 for 2023, down from HKD 377,001,000 in 2022, representing a reduction of about 15.4%[55] - Interest expenses decreased to HKD 22,022,000 in 2023 from HKD 25,361,000 in 2022, reflecting a reduction of about 13.5%[53] - Other income fell to HKD 7,942,000 from HKD 12,715,000, representing a decrease of 37.9%[2] - The group recorded other losses of approximately HKD 500,000 for the year ended June 30, 2023, compared to other income of approximately HKD 6,700,000 in 2022, primarily due to increased impairment losses on right-of-use assets and a lack of insurance compensation related to COVID-19[109] Assets and Liabilities - Current liabilities increased to HKD 642,414,000 from HKD 443,911,000, an increase of 45.0%[6] - The total non-current liabilities decreased significantly to HKD 115,721,000 from HKD 351,080,000, a reduction of 67.0%[8] - The company’s non-current assets totaled HKD 678,044,000 as of June 30, 2023, compared to HKD 661,937,000 in 2022, indicating a growth of approximately 2.4%[49] - The company’s total liabilities decreased from HKD 349,149,000 in 2022 to HKD 253,462,000 in 2023, reflecting improved financial stability[69] - The current ratio as of June 30, 2023, was approximately 43.8%, down from 80.2% in 2022, while the debt-to-equity ratio was approximately 32.8%, down from 41.7% in 2022[110] Financing and Loans - The company has secured up to HKD 250,000,000 in unsecured revolving loan financing from its major shareholder[12] - As of June 30, 2023, the company had available undrawn loan facilities of approximately HKD 473,871,000[14] - The company’s loans decreased to HKD 253,462,000 in 2023 from HKD 349,149,000 in 2022, with a significant reduction in bank loans secured[68] - Total loans as of June 30, 2023, were approximately HKD 253,500,000, a decrease from approximately HKD 349,100,000 in 2022, with about 76.0% of the loans denominated in HKD[111] Future Outlook and Strategic Direction - The management remains cautiously optimistic about the future despite ongoing economic challenges and uncertainties[106] - The group plans to explore new business opportunities in sports accessories, health products, and high-tech and environmentally friendly technologies to diversify its operations[126] - The board recommended changing the company name from "Birmingham Sports Holdings Limited" to "ZO Future Group" to better reflect the business direction and future development[166] Other Notable Points - The company completed the sale of its entire equity interest in Beijing Target Medical Technology Co., Ltd. for a consideration of HKD 0, with associated liabilities of approximately HKD 19,307,000 transferred to the buyer[55] - The group did not declare any dividends for the year ended June 30, 2023, consistent with the previous year[82][97] - The average number of full-time employees was approximately 280, compared to 270 in 2022[149] - The group recorded a revenue of approximately HKD 217.1 million for the year ended June 30, 2023, a decrease of about 1.7% from HKD 220.9 million in 2022[98][106]
大象未来集团(02309) - 2023 - 年度业绩