Financial Performance
Condensed Consolidated Interim Statement of Profit or Loss
For the year ended 31st March 2021
|
|
2021
HK$'000
|
2020
HK$'000
|
Revenue
|
456,369
|
461,245
|
Cost
of Sales
|
(346,516)
|
(358,614)
|
Gross
Profit
|
109,853
|
102,631
|
Other
income, gains and losses
|
11,398
|
3,969
|
Distribution
and selling expenses
|
(34,193)
|
(36,104)
|
General
and administrative expenses
|
(63,819)
|
(65,364)
|
Operating profit
|
23,239
|
5,132
|
Finance
costs
|
(2,700)
|
(3,567)
|
|
|
|
Profit before income tax
|
20,539
|
1,565
|
Income
tax expense
|
(1,950)
|
(4,814)
|
(Loss)/profit for the year
|
18,589
|
(3,249)
|
|
(Loss)/profit attributable to:
|
Equity
holders of the Company
|
12,151
|
(5,729)
|
Non-controlling
interests
|
6,438
|
2,480
|
|
18,589
|
(3,249)
|
|
Loss per share attributable to
the equity holders of the Company during the year
- Basic and diluted (HK cents)
|
6.08
|
(2.86)
|
|
Condensed Consolidated Interim Statement of Financial Position
As at 31st March 2021
|
|
2021
HK$'000
|
2020
HK$'000
|
Non-current
assets
|
Property,
plant and equipment
|
29,107
|
29,107
|
Right-of-use assets
|
6,937
|
11,755
|
Intangible assets
|
92
|
63
|
Investment properties
|
4,623
|
4,518
|
Goodwill
|
-
|
171
|
Other receivables
|
2,688
|
3,360
|
|
43,447
|
47,181
|
|
Current
assets
|
Inventories
|
186,590
|
166,032
|
Trade
receivables
|
56,868
|
51,227
|
Other
receivables and deposits
|
13,871
|
12,974
|
Current
Income tax recoverable
|
178
|
111
|
Cash and cash equivalents
|
33,525
|
28,830
|
|
291,032
|
259,174
|
|
Total
assets
|
334,479
|
306,355
|
|
Current
liabilities
|
Trade
payables
|
40,985
|
31,331
|
Other
payables and accruals
|
15,327
|
15,140
|
Contract liabilities
|
1,294
|
3,338
|
Loan from a shareholder
|
25,000
|
32,000
|
Lease liabilities
|
4,188
|
7,796
|
Short-term bank loans
|
69,937
|
67,586
|
Current income tax liabilities
|
102
|
1,192
|
|
|
156,833
|
158,383
|
|
Net
current assets
|
134,199
|
100,791
|
Total
assets less current liabilities
|
177,646
|
147,972
|
|
Net
assets
|
172,875
|
141,484
|
|
Capital
and reserves attributable to the equity holders of the Company
|
Share
Capital
|
20,000
|
20,000
|
Reserves
|
105,155
|
86,284
|
|
116,288
|
106,284
|
|
Non-controlling
interests
|
47,720
|
35,200
|
|
Total
equity
|
172,875
|
141,484
|
|
|
|