ANNUAL REPORT 2017/2018

Company: BAR PACIFIC (8432)
Year: 2017
Published: 2018-06-29
Status: Processed
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Extracted ESG KPIs

KPIs are organized by ESG aspects.

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2016/17 2017 2017/18 2018 Report Pages
Greenhouse gas emission intensity tonnes, tonnes/bar outlet 48 48 45 45 35, 42
Scope 2 Emissions from Electricity Consumption tonnes 1536 1554 42
Scope 3 Emissions from Water and Sewage Processing tonnes 9 10 42
Total greenhouse gas emissions tonnes 1549 1549 1566 1566 35, 42

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2017 2018 Report Pages
Scope 3 Emissions from Disposal of Paper Waste tonnes 5 3 42

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2017 2018 Report Pages
Non-hazardous paper waste produced kg 543 36
Paper Waste kilogram 1008 543 42
Paper Waste Intensity kilogram/employee 3.6 1.6 42
Paper waste produced per employee kg 1.6 36
Reduction in paper waste intensity 56% 36
Reduction in total paper wastes produced 46% 36

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2017 2018 Year ended 31 March 2018 Report Pages
Cost of computer equipment HK$'000 3609 66
Cost of furniture and fixtures HK$'000 25364 66
Cost of leasehold improvements HK$'000 26253 66
Cost of motor vehicles HK$'000 1577 66
Decrease in electricity consumption intensity compared to last year 7% 36
Electricity Consumption Intensity MWh/bar outlet 72 67 42
Electricity consumption intensity per bar outlet MWh per bar outlet 67 36
Total Electricity Consumption MWh 2310 2349 42
Total depreciation of property, plant and equipment HK$'000 3635 6347 61
Total energy consumption MWh 2349 36

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Indicator Unit 2017 2018 Year ended 31 March 2018 Report Pages
Increase in water consumption compared to last year 14% 36
Increase in water consumption intensity compared to last year 4% 36
Total water consumption m³ 18123 36
Water Consumption m³ 15920 18123 42
Water Consumption Intensity m³/bar outlet 498 518 42
Water consumption intensity per bar outlet m³ per bar outlet 518 36

Description of energy use efficiency target(s) set and steps taken to achieve them.

Indicator Unit 2018 Report Pages
Sheets of paper saved by e-clearing sheets 130000 36

Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.

Indicator Unit 2017 2018 Report Pages
Reserves HK$'000 44062 58524 78
Total non-current assets HK$'000 59499 66719 78

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Indicator Unit 2015 2016 2016/17 2017 2017/18 2018 Report Pages
Amount payable under finance leases in more than one year but not more than two years (minimum lease payments) HK$'000 388 327 68
Amount payable under finance leases in more than two years but not more than five years (minimum lease payments) HK$'000 820 494 68
Amount payable under finance leases within one year (minimum lease payments) HK$'000 449 327 68
Director's remuneration HK$'000 1090 1812 61
Employee headcount 350 37
Executive director emoluments - Chan Darren Chun-Yeung - Retirement benefits scheme contributions HK$'000 18 18 62
Executive director emoluments - Chan Darren Chun-Yeung - Salaries and other benefits HK$'000 616 756 62
Executive director emoluments - Chan Darren Chun-Yeung - Total HK$'000 634 774 62
Executive director emoluments - Ms. Tse - Fees HK$'000 223 62
Executive director emoluments - Ms. Tse - Retirement benefits scheme contributions HK$'000 5 62
Executive director emoluments - Ms. Tse - Salaries and other benefits HK$'000 147 62
Executive director emoluments - Ms. Tse - Total HK$'000 375 62
Executive director emoluments - Tse Ying Sin Eva - Retirement benefits scheme contributions HK$'000 18 62
Executive director emoluments - Tse Ying Sin Eva - Salaries and other benefits HK$'000 660 62
Executive director emoluments - Tse Ying Sin Eva - Total HK$'000 678 62
Independent non-executive director emoluments - Chin Chun Wing - Fees HK$'000 27 120 62
Independent non-executive director emoluments - Tang Wing Lam David - Fees HK$'000 27 120 62
Independent non-executive director emoluments - Yung Wai Kei - Fees HK$'000 27 120 62
Number of Annual General Meetings held 1 19
Number of Remuneration Committee Meetings held 1 19
Number of highest paid employees (excluding directors) with remuneration in band Nil to HK$1000000 Number of employees 3 3 63
Other staff's retirement benefits scheme contributions HK$'000 1607 1703 61
Other staff's salaries and other benefits HK$'000 34303 36910 61
Present value of lease obligations HK$'000 1548 1080 68
Present value of minimum lease payments in more than one year but not more than two years HK$'000 358 306 68
Present value of minimum lease payments in more than two years but not more than five years HK$'000 783 477 68
Present value of minimum lease payments within one year HK$'000 407 297 68
Retirement benefits scheme contributions for three highest paid employees (excluding directors and chief executive) HK$'000 54 54 63
Salaries, allowances and benefits in kind for three highest paid employees (excluding directors and chief executive) HK$'000 1223 1316 63
Salary payables HK$'000 1238 1444 68
Staff costs HK$ million, HK$'000 37 -37000 40.4 -40425 10, 47
Total accumulated depreciation of property, plant and equipment HK$'000 36691 66
Total actual approximate amount utilized up to 31 March 2018 HK$ million 16.3 9
Total assets HK$'000 28539 30713 80080 82469 79
Total directors' emoluments - Fees HK$'000 304 360 62
Total directors' emoluments - Retirement benefits scheme contributions HK$'000 23 36 62
Total directors' emoluments - Salaries and other benefits HK$'000 763 1416 62
Total directors' emoluments - Total HK$'000 1090 1812 62
Total liabilities HK$'000 -17109 -12372 -9153 -10653 79
Total operating lease commitments HK$'000 32946 34241 72
Total other income HK$'000 1000 2359 61
Total remuneration for three highest paid employees (excluding directors and chief executive) HK$'000 1363 1462 63
Total reserves HK$'000 44062 58524 78
Total staff costs HK$'000 37000 40425 61

Employee turnover rate by gender, age group and geographical region.

Indicator Unit 2017 2018 Report Pages
Operating lease commitments, after one year but within five years HK$'000 13894 14016 72
Operating lease commitments, over five years HK$'000 240 72
Operating lease commitments, within one year HK$'000 18812 20225 72
Operating lease payments HK$'000 22142 24915 61

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Indicator Unit 2017 2018 Report Pages
Performance related bonuses for three highest paid employees (excluding directors and chief executive) HK$'000 86 92 63

Number of suppliers by geographical region.

Indicator Unit 2015 2016 2017 2018 Report Pages
Accruals and other payables HK$'000 3310 4718 68
Accumulated depreciation of computer equipment HK$'000 1139 66
Accumulated depreciation of furniture and fixtures HK$'000 16635 66
Accumulated depreciation of leasehold improvements HK$'000 17340 66
Accumulated depreciation of motor vehicles HK$'000 1577 66
Acquisition of additional interests in subsidiaries HK$'000 -110 -143 50
Bank balances and cash HK$'000 108 405 78
Equity attributable to Non-controlling interests HK$'000 5767 7052 6765 6578 79
Equity attributable to Owners of the Company HK$'000 5663 11289 64162 65238 79
Future finance charges on finance leases HK$'000 -109 -68 68
Increase in trade and other payables HK$'000 65 1968 50
Increase in trade and other receivables and rental deposits HK$'000 -2622 -737 50
Investment in a subsidiary HK$'000 8483 8483 78
Number of new shops introduced shop, shops 2 1 5
Number of new shops opened in first quarter shops 1 7
Number of new shops opened in last quarter shops 2 7
Number of shops operated at street level in Hong Kong shops 35 7
Number of shops refurbished shops 16 5
Number of shops refurbished during the period from Listing Date to 31 March 2018 shops 16 7
Purchase of property, plant and equipment HK$'000 -4396 -17831 50
Share capital HK$'000 8600 8600 78
Total minimum lease payments under finance leases HK$'000 1657 1148 68
Total trade and other payables HK$'000 7605 9573 68

Number of products and service related complaints received and how they are dealt with.

Indicator Unit 2016/17 2017 2017/18 2018 Report Pages
Actual approximate amount utilized up to 31 March 2018 for expanding our brand HK$ million 10.8 9
Actual approximate amount utilized up to 31 March 2018 for promotion and marketing efforts HK$ million 2.1 9
Actual approximate amount utilized up to 31 March 2018 for upgrading shops’ facilities HK$ million 3.4 9
Cost of inventories sold HK$ million, HK$'000 27.8 -27750 32.1 -32058 10, 47
Increase in inventories HK$'000 -335 -183 50
Net (decrease) increase in cash and cash equivalents HK$'000 43390 -9806 50
Net assets HK$'000 52662 67124 78
Net cash (used in) from financing activities HK$'000 51997 -6158 50
Net cash from (used in) operating activities HK$'000 -4248 13992 50
Others (taxation) HK$'000 157 -431 64
Principal payments for obligations under finance leases HK$'000 -222 -468 50
Profit and total comprehensive income for the year HK$'000 19192 78
Profit and total comprehensive income for the year attributable to owners of the Company HK$'000 5698 49
Property rentals and related expenses HK$ million, HK$'000 23.5 -23532 26.5 -26537 10, 47
Real GDP growth in Hong Kong percent 3.8 3% to 4% 7
Reported revenue HKD 126212000 134251000 5
Retained profits attributable to owners of the Company HK$'000 1890 2858 49
Total number of shops operated in Hong Kong shops 35 5

Description of practices relating to observing and protecting intellectual property rights.

Indicator Unit 2017 2018 Report Pages
Approximate percentage of issued share capital in the Company (Harneys Trustees Limited) percentage 50.18% 27
Approximate percentage of issued share capital in the Company (Moment to Moment) percentage 50.18% 27
Approximate percentage of issued share capital in the Company (Ms. Chan Ching Mandy) percentage 50.18% 27
Approximate percentage of issued share capital in the Company (Ms. Chan Tsz Kiu Teresa) percentage 50.18% 27
Approximate percentage of issued share capital in the Company (Ms. Tse) percentage 50.18% 27
Proposed amount used up to 31 March 2018 for expanding our brand HK$ million 17.8 9
Proposed amount used up to 31 March 2018 for promotion and marketing efforts HK$ million 2.2 9
Share premium HK$'000 57060 57060 78

Description of quality assurance process and recall procedures.

Indicator Unit 2018 Report Pages
Proposed amount used up to 31 March 2018 for upgrading shops’ facilities HK$ million 2 9
Total cost of property, plant and equipment HK$'000 56803 66

Description of consumer data protection and privacy policies, and how they are implemented and monitored.

Indicator Unit 2017 Report Pages
Bank borrowing raised HK$'000 4500 50

Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases.

Indicator Unit 2017 2018 Previous Year Year Under Review Report Pages
Accumulated retained profits HK$'000 -12998 1464 78
Ceiling for tax reduction per subsidiary HK$ 20000 30000 64
Contingent rental recognised as expenses HK$ 45000 42000 72
Effective interest rates on finance lease as at 31 March 2017 per annum 2.50% to 3.75% 68
Effective interest rates on finance lease as at 31 March 2018 per annum 2.50% to 3.75% 68
Hong Kong Profits Tax - Current year HK$'000 1698 1228 64
Hong Kong Profits Tax - Under (over) provision in prior years HK$'000 -108 1 64
Hong Kong Profits Tax paid HK$'000 -3278 -1397 50
Hong Kong Profits Tax refunded HK$'000 88 248 50
Major non-cash transaction, finance lease arrangement value HK$ 1147000 72
Other operating expenses HK$'000, million HKD -24370 -23435 24.4 23.4 11, 47
Total taxation charge for the year HK$'000 1590 1229 64
Trade payables HK$'000 3057 3411 68
Trade payables aged 0 to 30 days HK$'000 2469 2854 68
Trade payables aged 31 to 60 days HK$'000 486 529 68
Trade payables aged 61 to 90 days HK$'000 19 68
Trade payables aged 91 to 120 days HK$'000 6 5 68
Trade payables aged over 120 days HK$'000 96 4 68
Under (over) provision in prior years HK$'000 -108 1 64
Unused tax losses available for offset against future profit HK$ 4904000 9832000 64
Utilisation of tax losses previously not recognised HK$'000 -164 -167 64
Weighted average number of ordinary shares for the purpose of calculating basic earnings (loss) per share 692123 860000 65

Description of preventive measures and whistle-blowing procedures, and how they are implemented and monitored.

Indicator Unit 2017 2017/18 2018 Nine months ended 31 December 2017 Report Pages
Auditor's remuneration HK$'000 950 950 61
Authorised share capital at 31 March 2018 HK$ 100000000 69
Interim dividend per ordinary share HKD cents 0.55 11
Mr. Chan Darren Chun-Yeung Annual General Meeting attendance 1/1 19
Mr. Chan Darren Chun-Yeung Board Meeting attendance 6/6 19
Mr. Chin Chun Wing Annual General Meeting attendance 1/1 19
Mr. Chin Chun Wing Audit Committee attendance 4/4 19
Mr. Chin Chun Wing Board Meeting attendance 6/6 19
Mr. Chin Chun Wing Nomination Committee attendance 1/1 19
Mr. Chin Chun Wing Remuneration Committee attendance 1/1 19
Mr. Tang Wing Lam David Annual General Meeting attendance 1/1 19
Mr. Tang Wing Lam David Audit Committee attendance 4/4 19
Mr. Tang Wing Lam David Board Meeting attendance 5/6 19
Mr. Yung Wai Kei Annual General Meeting attendance 1/1 19
Mr. Yung Wai Kei Audit Committee attendance 4/4 19
Mr. Yung Wai Kei Board Meeting attendance 6/6 19
Mr. Yung Wai Kei Nomination Committee attendance 1/1 19
Mr. Yung Wai Kei Remuneration Committee attendance 1/1 19
Ms. Tse Ying Sin Eva Annual General Meeting attendance 1/1 19
Ms. Tse Ying Sin Eva Board Meeting attendance 6/6 19
Ms. Tse Ying Sin Eva Nomination Committee attendance 1/1 19
Ms. Tse Ying Sin Eva Remuneration Committee attendance 1/1 19
Number of Audit Committee Meetings held 4 19
Number of Nomination Committee Meetings held 1 19

Description of anti-corruption training provided to directors and staff.

Indicator Unit 2017/18 Report Pages
Number of Board Meetings held 6 19

Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport).

Indicator Unit 2017 2018 Report Pages
Tax charge (credit) at the applicable income tax rate at 16.5% HK$'000 -295 1281 64
Tax effect of expenses not deductible for tax purposes HK$'000 2159 61 64
Tax effect of income not taxable for tax purposes HK$'000 -7 -34 64
Tax effect of tax losses not recognised HK$'000 297 980 64
Tax reduction HK$'000 -449 -462 64
Tax reduction entitlement percentage for subsidiaries 75% 75% 64

Resources contributed (e.g. money or time) to the focus area.

Indicator Unit 2015 2016 2016/17 2017 2017/18 2018 Previous Year Year Under Review Report Pages
Operating cash flows before movements in working capital HK$'000 1834 14093 50
Other income HK$ million, HK$'000 1 1000 2.4 2359 10, 47
Other income (Others) HK$'000 705 976 61
Proceeds from disposal of property, plant and equipment HK$'000 6 50
Proceeds from issue of shares HK$'000 62350 50
Repayment of bank borrowing HK$'000 -4500 50
Repayment to a director HK$'000 -3726 50
Revenue HK$ million, HK$'000 112373 126145 126.2 126212 134.3 134251 10, 47, 79
Sponsorship income HK$'000 258 1198 61
Taxation HK$'000, million HKD -2772 -2699 -1590 -1229 1.6 1.2 11, 47, 79
Total equity HK$'000 70927 71816 49
Total proposed amount used up to 31 March 2018 HK$ million 22 9

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2016/17 2017 2017/18 2018
Indirect Energy Emissions (Scope 2) tonnes 1536 1554
Total GHG Emissions tonnes 1549 1549 1566 1566
Total Other Indirect Energy Emissions (Scope 3) tonnes 9 10

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2017 2018
Paper Waste kilogram 1008 543
Total Non-Hazardous Waste Intensity (By Employee) kilogram/employee 3.6 1.6

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2017 2018
Total Energy Consumption MWh 2310 2349

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2017 2018
Water Consumption m³ 15920 18123

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Standard Indicator Unit 2018
Number of Total Employees 350

Resources contributed (e.g. money or time) to the focus area.

Standard Indicator Unit 2018
Total Social Investment HK$ million 22