Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 87,860,000, a decrease of 3.7% compared to HKD 90,524,000 for the year ended December 31, 2022[4]. - The total comprehensive income attributable to owners of the company for the year was HKD 50,304,000, slightly down from HKD 50,959,000, a decrease of 1.3%[4]. - Basic earnings per share for the year was HKD 12.6, compared to HKD 12.7 for the previous year, reflecting a decline of 0.8%[4]. - The profit attributable to the company's owners for the year ended December 31, 2023, was HKD 50,304,000, a decrease from HKD 50,959,000 in 2022, resulting in basic earnings per share of 12.6 HKD cents compared to 12.7 HKD cents in the previous year[30][31]. - The group's profit and total comprehensive income for the fiscal year 2023 was HKD 50,300,000, a decrease of HKD 700,000 or 1.4% compared to HKD 51,000,000 in fiscal year 2022[69]. Income and Expenses - Other income increased significantly to HKD 1,756,000 from HKD 583,000, representing a growth of 201.4%[4]. - Administrative expenses decreased to HKD 22,714,000 from HKD 25,419,000, a reduction of 10.6%[4]. - The total finance costs for the year were HKD 422,000, significantly reduced from HKD 1,331,000 in 2022[26]. - The current tax expense for the year was HKD 9,268,000, a decrease from HKD 10,566,000 in 2022[28]. - Employee benefits expenses, including director remuneration, increased slightly to HKD 10,722,000 from HKD 10,519,000 in 2022[22]. - Advertising and marketing expenses decreased by HKD 900,000 or 18.0% from HKD 5.0 million in 2022 to HKD 4.1 million in 2023[61]. - The impairment loss provision for financial assets increased to HKD 4.7 million in 2023 from HKD 3.3 million in 2022, mainly due to an increase in overdue loans and a decrease in collateral value[63]. Assets and Liabilities - Total assets as of December 31, 2023, were HKD 930,740,000, a decrease from HKD 943,941,000 in 2022, representing a decline of 1.4%[5]. - Non-current assets decreased to HKD 390,797,000 from HKD 416,307,000, a drop of 6.1%[5]. - Current assets increased slightly to HKD 539,943,000 from HKD 527,634,000, an increase of 2.3%[5]. - As of December 31, 2023, the total loans receivable amounted to HKD 834,670,000, down from HKD 871,527,000 in 2022, with a provision for impairment of HKD 9,993,000[36]. - The company has a non-current portion of loans receivable amounting to HKD 369,334,000 as of December 31, 2023[36]. - The maximum credit risk faced by the company is represented by the carrying amount of loans and interest receivable[37][42]. Shareholder Information - The company proposed a final dividend of 5.0 HKD cents per share for the year ended December 31, 2023, totaling HKD 20,000,000[33]. - The board proposed a final dividend of HKD 0.05 per ordinary share, totaling HKD 20,000,000, to be paid on June 28, 2024, subject to approval at the annual general meeting[91]. - The company's annual general meeting is scheduled for June 4, 2024, where shareholders will have the opportunity to vote on the proposed dividend[96]. - The company's shareholder register will be closed from May 30, 2024, to June 4, 2024, to determine eligibility for voting at the annual general meeting[92]. - The company will also suspend the registration of share transfers from June 12, 2024, to June 14, 2024, to determine eligibility for the final dividend[93]. Compliance and Governance - The company confirmed compliance with the standards of the Securities Trading Code and the company's own guidelines for all directors for the year ending December 31, 2023[88]. - The audit committee, consisting of three independent non-executive directors, reviewed the consolidated financial statements for the year ending December 31, 2023, and recommended approval to the board[89]. - The board includes three executive directors and three independent non-executive directors as of the announcement date[98]. Future Outlook - The group is currently evaluating the impact of new accounting standards that will take effect in 2024 and 2025, with no significant impact expected on liabilities classification[18]. - The group plans to continue improving existing products and services to enhance customer experience, without any major investment or new product launches planned for the coming year[70].
环球信贷集团(01669) - 2023 - 年度业绩