Financial Performance - The company's total revenue for the year ended December 31, 2023, was HKD 739,438,000, representing a 21.7% increase from HKD 607,392,000 in 2022[3] - The total profit before tax for the year was a loss of HKD 185,960,000, an improvement from a loss of HKD 320,005,000 in the previous year, indicating a 42.0% reduction in losses[3] - The net loss for the year was HKD 184,764,000, compared to a net loss of HKD 316,522,000 in 2022, reflecting a 41.5% decrease in losses[3] - The company's basic and diluted loss per share was HKD 0.16, improved from HKD 0.30 in the previous year[3] - The company reported a pre-tax loss of HKD 185,960,000 for the year, compared to a loss in the previous year[27] - The company recorded a consolidated loss attributable to shareholders of HKD 146 million for the year, a decrease from a loss of HKD 278 million in 2022, primarily due to improved performance in the food business and fair value gains on financial instruments[55] Revenue Breakdown - Revenue from the food business segment amounted to HKD 687,261,000, with sales to a single customer contributing approximately HKD 114,667,000, up from HKD 91,801,000 in 2022[29] - Total revenue from customer contracts for the year ended December 31, 2023, was HKD 697,279,000, an increase from HKD 571,507,000 in 2022, representing a growth of approximately 22%[39] - Revenue from food manufacturing business reached HKD 324,523,000, while restaurant operations generated HKD 359,901,000 for the year ended December 31, 2023[39] - The food business segment generated revenue of HKD 687 million, a 22% increase from HKD 560 million in 2022, driven by retail and manufacturing[56] Assets and Liabilities - The total assets decreased to HKD 3,185,187,000 from HKD 3,293,787,000, a decline of 3.3%[7] - The total assets of the company as of December 31, 2023, were HKD 3,976,330,000, with total liabilities amounting to HKD 1,151,807,000[27] - The company’s total liabilities amounted to HKD 1,369,002,000, with allocated liabilities across various segments including property and healthcare[32] - Non-current liabilities increased to HKD 652,428,000 from HKD 450,592,000, representing a 44.7% increase[9] - The total capital commitments of the group amounted to HKD 88,000,000 as of December 31, 2023, a decrease from HKD 121,000,000 as of December 31, 2022[89] Cash Flow and Expenditures - The company’s cash and cash equivalents decreased to HKD 301,604,000 from HKD 652,761,000, a decline of 53.8%[7] - The company incurred capital expenditures of HKD 46,475,000 during the year, primarily in the food business segment[27] - Capital expenditure for the year was reported at HKD 37,126,000, with significant investments in the food business[32] Segment Performance - The healthcare services segment recorded a loss of HKD 2,708,000 for the year[27] - The investment property segment recorded total revenue of HKD 23 million, up from HKD 21 million in 2022, despite a fair value loss of HKD 26 million[60][67] Corporate Governance and Compliance - The board of directors is committed to high-quality corporate governance practices, ensuring compliance with local and international standards[96] - The independent auditor confirmed that the financial statements for the year ended December 31, 2023, are consistent with the group's financial report[101] Economic Context - Singapore's economy grew by 1.1% in 2023, a decrease from 3.8% in 2022, reflecting ongoing global economic challenges[54] - The company will continue to manage its business cautiously amid economic challenges, including local consumption and export growth slowdown, and tightening credit availability[91]
力宝华润(00156) - 2023 - 年度业绩