2016/17 ANNUAL REPORT
Extracted ESG KPIs
KPIs are organized by ESG aspects.
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 | Report Pages |
|---|---|---|---|
| Cost of furniture, fixtures and equipment | HK$'000 | 3598 | 134 |
| Cost of motor vehicles | HK$'000 | 1559 | 134 |
| Total depreciation and impairment of property, plant and equipment | HK$'000 | 1541 | 134 |
Description of energy use efficiency target(s) set and steps taken to achieve them.
| Indicator | Unit | 2016 | 2017 | Report Pages |
|---|---|---|---|---|
| Capital commitments in respect of investment properties contracted for but not provided | HKD | 5241000 | 9842000 | 18 |
| Capital expenditure contracted for but not provided in the consolidated financial statements in respect of investment properties | HK$'000 | 5241 | 9842 | 184 |
| Capital expenditure on addition of investment properties | HKD | 214936000 | 14779000 | 18 |
| Capital expenditure on property, plant and equipment | HKD | 90000 | 3558000 | 18 |
Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.
| Indicator | Unit | 2015 | 2016 | 2017 | Report Pages |
|---|---|---|---|---|---|
| Aggregate sum of initial deposits paid to vendors for acquisition of properties in Hong Kong for redevelopment as at 31 March 2017 | HKD | 11303000 | 191 | ||
| Others | HK$'000 | -19 | -71 | 131 | |
| Term of convertible note issued to Madian Star Limited | years | 7 | 56 | ||
| Total carrying value of property, plant and equipment | HK$'000 | 531 | 3616 | 134 |
Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.
| Indicator | Unit | 2015 | 2016 | 2016/17 | 2017 | Report Pages |
|---|---|---|---|---|---|---|
| Administrative expenses | HK$'000, HKD | 30429000 | -32911 | 8, 9 | ||
| Annual director’s fees for all non-executive Directors | HKD per annum | 140000 | 50 | |||
| Attributable equity-settled share-based payment expense recognised in profit or loss | HKD | 648000 | 166 | |||
| Board meeting attendance rate for Executive Director Koon Ho Yan Candy | 5/5 | 29 | ||||
| Board meeting attendance rate for Executive Director Kwong Jimmy Cheung Tim | 5/5 | 29 | ||||
| Board meeting attendance rate for Executive Director Lui Yuk Chu | 5/5 | 29 | ||||
| Board meeting attendance rate for Independent Non-executive Director Foo Tak Ching | 5/5 | 29 | ||||
| Board meeting attendance rate for Independent Non-executive Director Kan Ka Hon | 5/5 | 29 | ||||
| Board meeting attendance rate for Independent Non-executive Director Lau Sin Ming | 5/5 | 29 | ||||
| Board meeting attendance rate for Independent Non-executive Director Wu Koon Kin Welly | 2/5 | 29 | ||||
| Board meeting attendance rate for Non-executive Director Lai Law Kau | 5/5 | 29 | ||||
| Board meeting attendance rate for Non-executive Director Tse Wing Chiu Ricky | 5/5 | 29 | ||||
| Contributions to retirement benefit schemes for key management personnel | HK$'000 | 92 | 94 | 165 | ||
| Contributions to retirement benefits schemes (directors' emoluments) | HK$'000 | 35 | 127 | |||
| Contributions to retirement benefits schemes for five highest paid individuals (excluding directors) | HK$'000 | 59 | 39 | 129 | ||
| Decrease in trading securities | % | -24.2 | 7 | |||
| Directors' emoluments - Contributions to retirement benefits schemes (Executive directors) | HK$'000 | 34 | 128 | |||
| Directors' emoluments - Contributions to retirement benefits schemes (Koon Ho Yan Candy) | HK$'000 | 16 | 128 | |||
| Directors' emoluments - Contributions to retirement benefits schemes (Lui Yuk Chu) | HK$'000 | 18 | 128 | |||
| Directors' emoluments - Fees (Independent non-executive directors) | HK$'000 | 130 | 128 | |||
| Directors' emoluments - Fees (Non-executive directors) | HK$'000 | 130 | 128 | |||
| Directors' emoluments - Fees (Total) | HK$'000 | 650 | 128 | |||
| Directors' emoluments - Salaries and other benefits (Executive directors) | HK$'000 | 2772 | 128 | |||
| Directors' emoluments - Salaries and other benefits (Koon Ho Yan Candy) | HK$'000 | 312 | 128 | |||
| Directors' emoluments - Salaries and other benefits (Kwong Jimmy Cheung Tim) | HK$'000 | 900 | 128 | |||
| Directors' emoluments - Salaries and other benefits (Lui Yuk Chu) | HK$'000 | 1560 | 128 | |||
| General meeting attendance rate for Executive Director Koon Ho Yan Candy | 0/4 | 29 | ||||
| General meeting attendance rate for Executive Director Kwong Jimmy Cheung Tim | 4/4 | 29 | ||||
| General meeting attendance rate for Executive Director Lui Yuk Chu | 4/4 | 29 | ||||
| General meeting attendance rate for Independent Non-executive Director Foo Tak Ching | 4/4 | 29 | ||||
| General meeting attendance rate for Independent Non-executive Director Kan Ka Hon | 4/4 | 29 | ||||
| General meeting attendance rate for Independent Non-executive Director Lau Sin Ming | 4/4 | 29 | ||||
| General meeting attendance rate for Independent Non-executive Director Wu Koon Kin Welly | 1/4 | 29 | ||||
| General meeting attendance rate for Non-executive Director Lai Law Kau | 4/4 | 29 | ||||
| General meeting attendance rate for Non-executive Director Tse Wing Chiu Ricky | 4/4 | 29 | ||||
| Group bank loans outstanding | HKD | 100087000 | 779700000 | 15 | ||
| Group revenue | HKD | 103439000 | 36518000 | 5 | ||
| Largest borrower share of Group's loans receivable | % | 13 | 19 | 175 | ||
| Mr. Koon Ho Yan – annual emoluments | HKD | 713000 | 50 | |||
| Mr. Kwong Jimmy Cheung Tim – annual emoluments | HKD | 1128000 | 50 | |||
| Mr. Lui Yuk Chu – annual emoluments | HKD | 2232000 | 50 | |||
| Number of Remuneration Committee meetings held | meetings | 2 | 2 | 29, 32 | ||
| Number of employees | 40 | 42 | 18 | |||
| Number of full-time employees (Group total) | employees | 42 | 45 | |||
| Number of full-time employees in Hong Kong | employees | 22 | 45 | |||
| Number of full-time employees in Mainland China | employees | 20 | 45 | |||
| Number of individuals with emoluments HK$1500001 to HK$2000000 | 1 | 129 | ||||
| Number of individuals with emoluments HK$2000001 to HK$2500000 | 1 | 129 | ||||
| Number of individuals with emoluments Nil to HK$1000000 | 2 | 1 | 129 | |||
| Number of property purchase agreements (FW Building, first acquisition) | agreements | 20 | 16 | |||
| Number of property purchase agreements (FW Building, second acquisition) | agreements | 5 | 16 | |||
| Other emoluments – Salaries and other benefits (directors' emoluments) | HK$'000 | 3390 | 127 | |||
| Other receivables | HK$'000 | 1534 | 3183 | 146 | ||
| Outstanding share options as at 31 March 2017 | 113000000 | 58 | ||||
| Remuneration of Mr. Koon Wing Yee as general manager | HKD | 1950000 | 1950000 | 166 | ||
| Salaries and other benefits for five highest paid individuals (excluding directors) | HK$'000 | 3302 | 2795 | 129 | ||
| Short-term employee benefits (Salaries and other benefits) for key management personnel | HK$'000 | 6073 | 6803 | 165 | ||
| Staff costs (including directors’ emoluments) | HKD | 16501000 | 15264000 | 18 | ||
| Total compensation of key management personnel | HK$'000 | 6165 | 7761 | 165 | ||
| Total directors' emoluments | HK$'000 | 3456 | 4808 | 127, 128 | ||
| Total emoluments for five highest paid individuals (excluding directors) | HK$'000 | 3361 | 3050 | 129 | ||
| Total reserves | HK$'000 | 1266570 | 2031545 | 2154904 | 193 |
The percentage of employees trained by gender and employee category (e.g. senior management, middle management).
| Indicator | Unit | 2017 | Report Pages |
|---|---|---|---|
| Equity-settled share-based payment expense (directors' emoluments) | HK$'000 | 648 | 127 |
| Equity-settled share-based payment expense for five highest paid individuals (excluding directors) | HK$'000 | 216 | 129 |
| Equity-settled share-based payment expense for key management personnel | HK$'000 | 864 | 165 |
Number of suppliers by geographical region.
| Indicator | Unit | 2015 | 2016 | 2017 | Report Pages |
|---|---|---|---|---|---|
| Additions of investment properties | HK$'000 | -214924 | -13778 | 82 | |
| Additions to completed investment properties (2015-2016) | HK$'000 | 206593 | 135 | ||
| Additions to investment properties under development (2015-2016) | HK$'000 | 8343 | 135 | ||
| Additions to investment properties under development (2016-2017) | HK$'000 | 14779 | 135 | ||
| Additions to total investment properties (2015-2016) | HK$'000 | 214936 | 135 | ||
| Additions to total investment properties (2016-2017) | HK$'000 | 14779 | 135 | ||
| Aggregate carrying amount of investment properties securing bank borrowings | HK$ | 208196000 | 785873000 | 156 | |
| Aggregate carrying amount of properties held for development for sale securing bank borrowings | HK$ | 597868000 | 156 | ||
| Aggregate cash consideration for acquisition of properties in Hong Kong for redevelopment | HKD | 226053000 | 191 | ||
| Capital reserve | HK$'000 | 53194 | 53194 | 53194 | 193 |
| Equity securities listed in Hong Kong, at market value | HK$'000 | 133034 | 158541 | 145 | |
| Further deposits paid to vendors for acquisition of properties in Hong Kong for redevelopment up to date of issuance of consolidated financial statements | HKD | 33908000 | 191 | ||
| Interest rate range above HIBOR for secured bank borrowings | 1.5%–2.35% | 156 | |||
| Interest receivable | HK$'000 | 1544 | 1398 | 146 | |
| Interest received | HK$'000 | 3459 | 6567 | 82 | |
| On acquisition of subsidiaries for completed investment properties (2015-2016) | HK$'000 | 232814 | 135 | ||
| On acquisition of subsidiaries for total investment properties (2015-2016) | HK$'000 | 232814 | 135 | ||
| Purchase of available-for-sale investments | HK$'000 | -55109 | -35900 | 82 | |
| Purchase of bonds | HK$'000 | -29125 | 82 | ||
| Purchase of financial assets designated as at fair value through profit and loss | HK$'000 | -80000 | 82 | ||
| Purchase of other finance assets | HK$'000 | -407638 | -375976 | 82 | |
| Purchase of property, plant and equipment | HK$'000 | -90 | -3558 | 82 | |
| Purchase of trading securities | HKD thousands | 935000 | 7 | ||
| Total secured bank borrowings carrying amount | HK$'000 | 100087 | 779700 | 156 | |
| Total share options granted | options | 113000000 | 59 | ||
| Total shares held - Goodco Development Limited (Beneficial owner) | shares | 364661475 | 54 | ||
| Total shares held - Koon Ho Yan Candy | shares | 469510973 | 52 | ||
| Total trade and other receivables | HK$'000 | 35982 | 40171 | 146 | |
| Total trade receivables past due but not impaired | HK$'000 | 758 | 173 | 147 |
Number of products and service related complaints received and how they are dealt with.
| Indicator | Unit | 2015-2017 | 2016 | 2017 | Report Pages |
|---|---|---|---|---|---|
| Annual cap for Premises at Block A, 7th Floor, Hong Kong Spinners Building | HKD | 2496000 | 60 | ||
| Decrease in revenue | HKD | 66921000 | 5 | ||
| Decrease in revenue (percentage) | 64.7% | 5 | |||
| Fees (directors' emoluments) | HK$'000 | 735 | 127 | ||
| Fixed-rate loans receivable | HK$'000 | 76000 | 264395 | 144 | |
| Gross profit | HK$'000, HKD | 36438000 | 36347000 | 8, 9 | |
| Increase (decrease) in fair value of completed investment properties recognised in profit or loss (2015-2016) | HK$'000 | -55698 | 135 | ||
| Increase (decrease) in fair value of completed investment properties recognised in profit or loss (2016-2017) | HK$'000 | -15219 | 135 | ||
| Increase (decrease) in fair value of investment properties under development recognised in profit or loss (2015-2016) | HK$'000 | 22299 | 135 | ||
| Increase (decrease) in fair value of investment properties under development recognised in profit or loss (2016-2017) | HK$'000 | 2427 | 135 | ||
| Increase (decrease) in fair value of total investment properties recognised in profit or loss (2015-2016) | HK$'000 | -33399 | 135 | ||
| Increase (decrease) in fair value of total investment properties recognised in profit or loss (2016-2017) | HK$'000 | -12972 | 135 | ||
| Net (decrease) increase in cash and cash equivalents | HK$'000 | 320631 | -53359 | 82 | |
| Net book value of investment properties pledged as security | HKD | 208196000 | 785873000 | 15 | |
| Net book value of properties held for development pledged as security | HKD | 597868000 | 15 | ||
| Number of units acquired (FW Building, first acquisition) | units | 20 | 16 | ||
| Number of units acquired (FW Building, second acquisition) | units | 5 | 16 | ||
| Percentage of loans receivable secured by marketable securities or properties | % | 42 | 175 | ||
| Principal amount of 2014 Convertible Note outstanding as at 31 March 2017 | HKD | 20000000 | 150 | ||
| Revenue concentration from one single customer | HKD | 67075000 | 174 | ||
| Revenue from external customers - Europe | HK$'000 | 1379 | 126 | ||
| Revenue from external customers - Hong Kong | HK$'000 | 14675 | 21831 | 126 | |
| Revenue from external customers - Mexico | HK$'000 | 96 | 126 | ||
| Revenue from external customers - PRC | HK$'000 | 10378 | 11406 | 126 | |
| Revenue from external customers - Singapore | HK$'000 | 3179 | 3086 | 126 | |
| Revenue from external customers - The United States of America | HK$'000 | 73732 | 195 | 126 | |
| Revenue from external customers - Total | HK$'000 | 103439 | 36518 | 126 | |
| Revenue from major customer A | HK$'000 | 67075 | 126 | ||
| Revenue from property investment segment | HKD | 23786000 | 29384000 | 6 | |
| Segment loss from trading securities | HKD | -11354000 | -14705000 | 7 | |
| Total number of issued ordinary shares | shares | 1116609837 | 1911832059 | 13 |
Description of practices relating to observing and protecting intellectual property rights.
| Indicator | Unit | 2014 | 2015 | 2016 | 2017 | Report Pages |
|---|---|---|---|---|---|---|
| Approximate Percentage of interest - Goodco Development Limited (Beneficial owner) | % | 19.07 | 54 | |||
| Approximate Percentage of interest - Koon Wing Yee (Interest of spouse) | % | 25.15 | 54 | |||
| Approximate Percentage of interest - Landmark Profits Limited (Beneficial owner) | % | 4.89 | 54 | |||
| Approximate percentage of interest - Koon Ho Yan Candy | % | 24.56 | 52 | |||
| Approximate percentage of interest - Lui Yuk Chu | % | 25.15 | 52 | |||
| Number of underlying shares held - Goodco Development Limited (Beneficial owner) | shares | 880281 | 54 | |||
| Number of underlying shares held - Koon Ho Yan Candy | shares | 12180281 | 52 | |||
| Number of underlying shares held - Koon Wing Yee (Interest of spouse) | shares | 23480281 | 54 | |||
| Number of underlying shares held - Lui Yuk Chu | shares | 231480281 | 52 | |||
| Reclassification for completed investment properties (2016-2017) | HK$'000 | 18221 | 135 | |||
| Reclassification for investment properties under development (2016-2017) | HK$'000 | -18221 | 135 | |||
| Reclassification of investment properties under development to completed investment properties (PRC) | RMB | 16000000 | 136 | |||
| Reclassification of investment properties under development to completed investment properties (PRC), equivalent in HKD | HKD | 18221000 | 136 | |||
| Rights shares allotted at HK$0.01 each at a subscription price of HK$0.48 per rights share | shares | 1063437940 | 159 | |||
| Rights shares allotted at HK$0.01 each at a subscription price of HK$0.65 per rights share | shares | 506399020 | 159 | |||
| Share options granted during the period | 113000000 | 58 | ||||
| Share options granted to Director Koon Ho Yan Candy | options | 11300000 | 59 | |||
| Share options granted to Director Kwong Jimmy Cheung Tim | options | 11300000 | 59 | |||
| Share options granted to Director Lui Yuk Chu | options | 11300000 | 59 | |||
| Share options granted to Directors during the year ended 31 March 2017 | 33900000 | 58 | ||||
| Share options granted to Employees (other than Directors) | options | 79100000 | 59 | |||
| Share options granted to employees during the year ended 31 March 2017 | 79100000 | 58 | ||||
| Share options reserve | HK$'000 | 2083 | 193 | |||
| Share premium | HK$'000 | 1063521 | 1882461 | 2019688 | 193 | |
| Total conversion shares issued | shares | 122869707 | 150 | |||
| Total number of share options granted to close relatives of Ms. Lui Yuk Chu | options | 33900000 | 166 | |||
| Total number of share options outstanding | options | 113000000 | 163 | |||
| Total shares held - Koon Wing Yee (Interest of spouse) | shares | 480810973 | 54 | |||
| Total shares held - Landmark Profits Limited (Beneficial owner) | shares | 93549498 | 54 | |||
| Total shares held - Lui Yuk Chu | shares | 480810973 | 52 |
Description of quality assurance process and recall procedures.
| Indicator | Unit | 2015 | 2016 | 2017 | Report Pages |
|---|---|---|---|---|---|
| Fair value of completed investment properties at 1 April 2015 | HK$'000 | 924510 | 135 | ||
| Fair value of completed investment properties at 31 March 2016 | HK$'000 | 1302977 | 135 | ||
| Fair value of completed investment properties at 31 March 2017 | HK$'000 | 1292354 | 135 | ||
| Fair value of investment properties under development at 31 March 2016 | HK$'000 | 30339 | 135 | ||
| Fair value of investment properties under development at 31 March 2017 | HK$'000 | 28015 | 135 | ||
| Fair value of options granted on 14 October 2016 | HK$ | 2083000 | 163 | ||
| Fair value of total investment properties at 1 April 2015 | HK$'000 | 924510 | 135 | ||
| Fair value of total investment properties at 31 March 2016 | HK$'000 | 1333316 | 135 | ||
| Fair value of total investment properties at 31 March 2017 | HK$'000 | 1320369 | 135 | ||
| Total cost of property, plant and equipment | HK$'000 | 5157 | 134 |
Description of consumer data protection and privacy policies, and how they are implemented and monitored.
| Indicator | Unit | 2016 | 2017 | Report Pages |
|---|---|---|---|---|
| Bank balances and cash denominated in USD | HKD'000 | 83457 | 60029 | 148 |
| Bank balances and cash, interest rate range | per annum | 0.001%–4.3% | 0.001%–3.48% | 148 |
| Bank borrowings raised | HK$'000 | 684595 | 82 | |
| Bank deposits with original maturity of more than three months (Hong Kong) | HKD, USD | 13351000 | 148 |
Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases.
| Indicator | Unit | 2014 | 2015 | 2016 | 2017 | Report Pages |
|---|---|---|---|---|---|---|
| Accumulated losses | HK$'000 | -119514 | -186417 | -202368 | 193 | |
| Aggregate net proceeds raised from placing of new shares and issuing of convertible note | HKD | 145200000 | 10 | |||
| Aggregate principal amount of 2014 Convertible Note issued | HKD | 100000000 | 150 | |||
| Aggregate principal amount of 2017 Convertible Note issued to Goodco | HKD | 16000000 | 189 | |||
| Aggregate principal amount of convertible note issued to Madian Star Limited | HKD | 86000000 | 56 | |||
| Conversion amount exercised for 2016 Convertible Note on 11 August 2016 | HKD | 4500000 | 154 | |||
| Conversion amount exercised for 2016 Convertible Note on 19 August 2016 | HKD | 6750000 | 154 | |||
| Conversion amount exercised for 2016 Convertible Note on 26 August 2016 | HKD | 4500000 | 154 | |||
| Conversion amount exercised for 2016 Convertible Note on 7 November 2016 | HKD | 34250000 | 154 | |||
| Conversion price of 2014 Convertible Note per share (after 18 June 2014 adjustment) | HKD/share | 0.66 | 150 | |||
| Conversion price of 2014 Convertible Note per share (after 22 August 2014 adjustment) | HKD/share | 0.642 | 150 | |||
| Conversion price of 2014 Convertible Note per share (after 25 October 2014 adjustment) | HKD/share | 2.498 | 150 | |||
| Conversion price of 2014 Convertible Note per share (after 31 March 2015 adjustment) | HKD/share | 10.65 | 150 | |||
| Conversion price of 2014 Convertible Note per share (after 9 October 2015 adjustment) | HKD/share | 22.72 | 150 | |||
| Conversion price of 2014 Convertible Note per share (initial) | HKD/share | 0.68 | 150 | |||
| Conversion price of convertible note issued to Madian Star Limited | HKD per share | 0.33 | 56 | |||
| Conversion shares issued on 29 August 2014 | HKD | 60000000 | 150 | |||
| Conversion shares issued on 3 April 2014 | HKD | 20000000 | 150 | |||
| Convertible note equity reserve | HK$'000 | 7343 | 21181 | 21181 | 193 | |
| Convertible notes, Non-derivative financial liabilities, Carrying amount, 2016 | HK$'000 | 87084 | 176 | |||
| Convertible notes, Non-derivative financial liabilities, Carrying amount, 2017 | HK$'000 | 95801 | 176 | |||
| Convertible notes, Non-derivative financial liabilities, Less than 3 months, 2016 | HK$'000 | 87720 | 176 | |||
| Convertible notes, Non-derivative financial liabilities, Less than 3 months, 2017 | HK$'000 | 87720 | 176 | |||
| Convertible notes, Non-derivative financial liabilities, Over undiscounted cash flows, 2016 | HK$'000 | 107120 | 176 | |||
| Convertible notes, Non-derivative financial liabilities, Over undiscounted cash flows, 2017 | HK$'000 | 108120 | 176 | |||
| Current portion of fixed-rate loans receivable | HK$'000 | 18500 | 220069 | 144 | ||
| Current ratio | 9.1 | 3.4 | 10 | |||
| Effective interest expense on convertible notes | HKD | 8290000 | 11050000 | 9 | ||
| Effective interest rate range for secured bank borrowings | per annum | 2.73%–2.75% | 1.96%–2.81% | 156 | ||
| Exchange adjustments for completed investment properties (2015-2016) | HK$'000 | -5242 | 135 | |||
| Exchange adjustments for completed investment properties (2016-2017) | HK$'000 | -13625 | 135 | |||
| Exchange adjustments for investment properties under development (2015-2016) | HK$'000 | -303 | 135 | |||
| Exchange adjustments for investment properties under development (2016-2017) | HK$'000 | -1309 | 135 | |||
| Exchange adjustments for total investment properties (2015-2016) | HK$'000 | -5545 | 135 | |||
| Exchange adjustments for total investment properties (2016-2017) | HK$'000 | -14934 | 135 | |||
| Hong Kong tax losses that can be carried forward indefinitely | HKD | 91116000 | 115557000 | 157 | ||
| Investment revaluation reserve decrease if listed equity securities classified as available-for-sale investments decrease by 10% (sensitivity analysis) | HKD | 13304000 | 15234000 | 174 | ||
| Investment revaluation reserve increase due to 10% price increase in available-for-sale listed equity securities | HKD | 13304000 | 15854000 | 173 | ||
| Material acquisitions or disposals of subsidiaries or associated companies | None | 17 | ||||
| New shares issued during the year | shares | 795222222 | 13 | |||
| New shares issued on 22 September 2016 | shares | 223000000 | 13 | |||
| New shares issued on 27 February 2017 | shares | 350000000 | 13 | |||
| Number of new ordinary shares to be allotted upon full conversion of 2017 Convertible Note | shares | 100000000 | 189 | |||
| Number of new ordinary shares upon full conversion at adjusted conversion price as at 31 March 2017 | shares | 880281 | 150 | |||
| Post-tax loss change due to 5% price change in listed equity securities held for trading | HKD | 248000 | 188000 | 173 | ||
| Post-tax loss increase if listed equity securities classified as available-for-sale investments decrease by 10% (sensitivity analysis) | HKD | 620000 | 174 | |||
| Refundable stamp duty | HK$'000 | 28463 | 28463 | 146 | ||
| Secured bank borrowings amount due after one year shown under non-current liabilities | HK$'000 | 95094 | 359300 | 156 | ||
| Secured bank borrowings amount due within one year shown under current liabilities | HK$'000 | -4993 | -420400 | 156 | ||
| Secured bank borrowings repayable within a period of more than five years | HK$'000 | 73708 | 66889 | 156 | ||
| Secured bank borrowings repayable within a period of more than one year but not exceeding two years | HK$'000 | 5131 | 5523 | 156 | ||
| Secured bank borrowings repayable within a period of more than two years but not exceeding five years | HK$'000 | 16255 | 286888 | 156 | ||
| Secured bank borrowings repayable within one year | HK$'000 | 4993 | 420400 | 156 | ||
| Secured bank borrowings, Non-derivative financial liabilities, 1–2 years, 2016 | HK$'000 | 7664 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, 1–2 years, 2017 | HK$'000 | 14010 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, 2–5 years, 2016 | HK$'000 | 22493 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, 2–5 years, 2017 | HK$'000 | 296325 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, Carrying amount, 2016 | HK$'000 | 100087 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, Carrying amount, 2017 | HK$'000 | 799700 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, Less than 3 months, 2016 | HK$'000 | 1916 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, Less than 3 months, 2017 | HK$'000 | 6369 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, More than 3 months but less than 1 year, 2016 | HK$'000 | 5748 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, More than 3 months but less than 1 year, 2017 | HK$'000 | 433168 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, Over 5 years, 2016 | HK$'000 | 85614 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, Over 5 years, 2017 | HK$'000 | 74024 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, Over undiscounted cash flows, 2016 | HK$'000 | 123303 | 176 | |||
| Secured bank borrowings, Non-derivative financial liabilities, Over undiscounted cash flows, 2017 | HK$'000 | 823496 | 176 | |||
| Settlement date of 2017 Convertible Note (years from issue date) | years | 5 | 189 | |||
| Settlement of debts assigned in acquisition of subsidiaries | HK$'000 | -82135 | 82 | |||
| Significant contingent liabilities | None | 17 | ||||
| Trade and other payables, Non-derivative financial liabilities, Carrying amount, 2016 | HK$'000 | 11980 | 176 | |||
| Trade and other payables, Non-derivative financial liabilities, Carrying amount, 2017 | HK$'000 | 22287 | 176 | |||
| Trade and other payables, Non-derivative financial liabilities, Less than 3 months, 2016 | HK$'000 | 11980 | 176 | |||
| Trade and other payables, Non-derivative financial liabilities, Less than 3 months, 2017 | HK$'000 | 22287 | 176 | |||
| Trade and other payables, Non-derivative financial liabilities, Over undiscounted cash flows, 2016 | HK$'000 | 11980 | 176 | |||
| Trade and other payables, Non-derivative financial liabilities, Over undiscounted cash flows, 2017 | HK$'000 | 22287 | 176 | |||
| Trade and other receivables denominated in USD | HK$'000 | 1342 | 223 | 147 | ||
| Trade receivables | HK$'000 | 3179 | 1950 | 146 | ||
| Trade receivables aged 0–60 days | HK$'000 | 2930 | 1946 | 146 | ||
| Trade receivables aged 61–90 days | HK$'000 | 170 | 4 | 146 | ||
| Trade receivables aged over 90 days | HK$'000 | 79 | 146 | |||
| Trade receivables balance concentration from five largest customers | HKD | 901000 | 1788000 | 174 | ||
| Trade receivables overdue by 1 to 60 days | HK$'000 | 509 | 169 | 147 | ||
| Trade receivables overdue by 61 to 90 days | HK$'000 | 170 | 4 | 147 | ||
| Trade receivables overdue by over 90 days | HK$'000 | 79 | 147 | |||
| Underprovision in prior years | HK$'000 | 198 | 131 | |||
| Unused tax losses available for offset against future profits | HKD | 111056000 | 121391000 | 157 | ||
| Weighted average exercise price of share options | HK$ | 0.176 | 163 | |||
| Weighted average number of ordinary shares for the purpose of basic and diluted loss per share | shares '000 | 481467 | 1368624 | 133 | ||
| Write-down of properties held for development for sale | HK$, HKD | 15511000 | 5, 145 |
Description of preventive measures and whistle-blowing procedures, and how they are implemented and monitored.
| Indicator | Unit | 2016 | 2016/17 | 2017 | Report Pages |
|---|---|---|---|---|---|
| Audit Committee meeting attendance rate for Independent Non-executive Director Foo Tak Ching | 1/2 | 29 | |||
| Audit Committee meeting attendance rate for Independent Non-executive Director Kan Ka Hon | 2/2 | 29 | |||
| Audit Committee meeting attendance rate for Independent Non-executive Director Lau Sin Ming | 2/2 | 29 | |||
| Audit Committee meeting attendance rate for Independent Non-executive Director Wu Koon Kin Welly | 0/2 | 29 | |||
| Audit service fees paid to Deloitte Touche Tohmatsu (external auditor) | HKD | 2080000 | 2366000 | 32 | |
| Authorised share capital at 31 March 2017 | HK$'000, Number of shares | 200000 | 158 | ||
| Nomination Committee meeting attendance rate for Independent Non-executive Director Foo Tak Ching | 2/2 | 29 | |||
| Nomination Committee meeting attendance rate for Independent Non-executive Director Kan Ka Hon | 2/2 | 29 | |||
| Nomination Committee meeting attendance rate for Independent Non-executive Director Lau Sin Ming | 2/2 | 29 | |||
| Nomination Committee meeting attendance rate for Independent Non-executive Director Wu Koon Kin Welly | 0/2 | 29 | |||
| Number of Audit Committee meetings held | meetings | 2 | 2 | 29, 31 | |
| Number of Nomination Committee meetings held | meetings | 2 | 29 | ||
| Number of conversion shares issued upon conversion of 2016 Convertible Note | shares | 222222222 | 154 | ||
| Remuneration Committee meeting attendance rate for Independent Non-executive Director Foo Tak Ching | 2/2 | 29 | |||
| Remuneration Committee meeting attendance rate for Independent Non-executive Director Kan Ka Hon | 2/2 | 29 | |||
| Remuneration Committee meeting attendance rate for Independent Non-executive Director Lau Sin Ming | 2/2 | 29 | |||
| Remuneration Committee meeting attendance rate for Independent Non-executive Director Wu Koon Kin Welly | 0/2 | 29 | |||
| Revised conversion price of convertible note issued to Madian Star Limited | HKD per share | 0.16 | 56 |
Description of anti-corruption training provided to directors and staff.
| Indicator | Unit | 2016 | 2016/17 | 2017 | Report Pages |
|---|---|---|---|---|---|
| 2016CB conversion price | HKD | 0.225 | 13 | ||
| 2016CB coupon interest rate | % per annum | 2 | 13 | ||
| 2016CB principal amount | HKD | 50000000 | 13 | ||
| 2016CB proceeds used for acquisition of property units of Fung Wah Factorial Building | HKD | 36600000 | 13 | ||
| 2016CB proceeds used for loan financing business | HKD | 10000000 | 13 | ||
| 2016CB proceeds used for operating expenses | HKD | 3400000 | 13 | ||
| 2016CB term | years | 3 | 13 | ||
| Exercise price per share option | HKD | 0.176 | 59 | ||
| Initial conversion price of 2017 Convertible Note | HKD per share | 0.16 | 189 | ||
| Nominal value per new ordinary share upon conversion of 2017 Convertible Note | HKD per share | 0.01 | 189 | ||
| Non-audit service fees paid to Deloitte Touche Tohmatsu (external auditor) | HKD | 724000 | 623000 | 32 | |
| Number of Board meetings held | meetings | 5 | 29 | ||
| Number of ordinary shares held (long position) - Goodco Development Limited (Beneficial owner) | shares | 363781194 | 54 | ||
| Number of ordinary shares held (long position) - Koon Ho Yan Candy | shares | 457330692 | 52 | ||
| Number of ordinary shares held (long position) - Koon Wing Yee (Interest of spouse) | shares | 457330692 | 54 | ||
| Number of ordinary shares held (long position) - Landmark Profits Limited (Beneficial owner) | shares | 93549498 | 54 | ||
| Number of ordinary shares held (long position) - Lui Yuk Chu | shares | 457330692 | 52 | ||
| Proportion of nominal value of issued share capital held by the Company - Chancemore Limited | % | 100 | 100 | 186 | |
| Proportion of nominal value of issued share capital held by the Company - Cherry Sky Investments Limited | % | 100 | 100 | 186 | |
| Proportion of nominal value of issued share capital held by the Company - City China International Limited | % | 100 | 100 | 186 | |
| Proportion of nominal value of issued share capital held by the Company - Clever Wise Holdings Limited | % | 100 | 100 | 186 | |
| Proportion of nominal value of issued share capital held by the Company - Daily Leader Limited | N/A | 100% (note) | 186 | ||
| Proportion of nominal value of issued share capital held by the Company - Easy Garment International Limited | % | 100 | 100 | 186 | |
| Proportion of nominal value of issued share capital held by the Company - Easyknit Enterprises (Huzhou) Co., Ltd. | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Easyknit Worldwide Company Limited | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Fanju Investments Limited | % | 100 | 100 | 186 | |
| Proportion of nominal value of issued share capital held by the Company - Gainever Corporation Limited | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Glory Link Investment Limited | % | 100 | 100 | 186 | |
| Proportion of nominal value of issued share capital held by the Company - Goldchamp International Limited | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Golden Top Properties Limited | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Grow Well Profits Limited | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Janson Properties Limited | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Land Bloom Holdings Limited | % | 100 | 100 | 186 | |
| Proportion of nominal value of issued share capital held by the Company - Main Lucky Enterprises Limited | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Top Channel Enterprises Limited | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Total Expect Limited | 100% | 100% | 187 | ||
| Proportion of nominal value of issued share capital held by the Company - Treasure Arts International Group Limited | 100% (note) | 187 |
Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport).
| Indicator | Unit | 2015-2017 | 2016 | 2016/17 | 2017 | Report Pages |
|---|---|---|---|---|---|---|
| Available unutilised bank loan facilities | HKD | 415000000 | 245000000 | 175 | ||
| Basic and diluted loss per share | HKD | 0.14 | (HK$0.02) | 5, 8, 10 | ||
| Increase in loan financing revenue | % | 56.1 | 7 | |||
| Loan financing revenue | HKD | 4445000 | 6939000 | 7 | ||
| Loans receivable from a few borrowers | HKD | 76000000 | 264395000 | 175 | ||
| Monthly rental for Premises at Block A, 7th Floor, Hong Kong Spinners Building | HKD | 208000 | 60 | |||
| Number of General meetings held | meetings | 4 | 29 | |||
| Number of share options exercisable at end of the year | options | 113000000 | 163 | |||
| Number of share options granted to Mr. Koon Chun Ting, a son of Ms. Lui Yuk Chu | options | 11300000 | 166 | |||
| Number of share options granted to Mr. Koon Wing Yee, the spouse of Ms. Lui Yuk Chu | options | 11300000 | 166 | |||
| Number of share options granted to Mr. Ku Wai Ming, a cousin of Ms. Lui Yuk Chu | options | 11300000 | 166 | |||
| Number of share options outstanding for Directors (granted 14.10.2016) | options | 33900000 | 163 | |||
| Number of share options outstanding for Employees (granted 14.10.2016) | options | 79100000 | 163 | |||
| Tax (credit) charge for the year | HK$'000 | 8030 | -2965 | 131 | ||
| Tax credit at the applicable rate of 16.5% | HK$'000 | -10104 | -4883 | 131 | ||
| Tax effect of expenses not deductible for tax purposes | HK$'000 | 11824 | 8971 | 131 | ||
| Tax effect of income not taxable for tax purposes | HK$'000 | -6551 | -11082 | 131 | ||
| Tax effect of tax losses not recognised | HK$'000 | 14973 | 4314 | 131 | ||
| Tax effect of utilisation of tax losses previously not recognised | HK$'000 | -5273 | -556 | 131 |
Resources contributed (e.g. money or time) to the focus area.
| Indicator | Unit | 2015 | 2016 | 2017 | Report Pages |
|---|---|---|---|---|---|
| 2015 Convertible Note adjusted conversion price | HKD per share | 0.33 | 152 | ||
| 2015 Convertible Note nominal value per share | HKD per share | 0.01 | 152 | ||
| 2015 Convertible Note number of new ordinary shares upon full conversion | shares | 260606060 | 152 | ||
| 2015 Convertible Note principal amount outstanding | HKD | 86000000 | 152 | ||
| Contributed surplus | HK$'000 | 261126 | 261126 | 261126 | 193 |
| Final dividend payment recommendation | nil | nil | 5 | ||
| Funds raised from rights issue | HKD | 327209000 | 159 | ||
| Placement of bank deposits with original maturity of more than three months | HK$'000 | -103606 | 82 | ||
| Proceeds from disposal of available-for-sale investments | HK$'000 | 23133 | 82 | ||
| Proceeds from disposal of bonds | HK$'000 | 26932 | 82 | ||
| Proceeds from disposal of other financial assets | HK$'000 | 465548 | 321767 | 82 | |
| Proceeds from disposal of property, plant and equipment | HK$'000 | 15 | 82 | ||
| Proceeds from issue of convertible note | HK$'000 | 86000 | 50000 | 82 | |
| Proceeds from issue of new shares | HK$'000 | 630544 | 96140 | 82 | |
| Range of interest rate on loans receivable | per annum | 4%–5% | 4%–8% | 144 | |
| Rental expense with wholly-owned subsidiaries of Easyknit International | HK$'000 | 2496 | 2496 | 165 | |
| Repayment of bank borrowings | HK$'000 | -193838 | -5027 | 82 | |
| Revenue | HK$'000 | 103439 | 36518 | 8 | |
| Taxation | HK$'000 | -8030 | 2965 | 8 | |
| Taxation charges | HKD | 8030000 | 10 | ||
| Taxation credit | HKD | 2965000 | 10 | ||
| Total bank balances and cash | HKD | 513490000 | 10 | ||
| Total bank borrowings | HKD | 1000870000 | 779700000 | 10 |
Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.
| Standard Indicator | Unit | 2016 | 2017 |
|---|---|---|---|
| Number of Employees in Hong Kong | employees | 22 | |
| Number of Employees in Hong Kong and Mainland China | employees | 42 | |
| Number of Employees in Mainland China | employees | 20 | |
| Number of Full-time Employees | employees | 42 | |
| Number of Total Employees | 40 | 42 |
The percentage of employees trained by gender and employee category (e.g. senior management, middle management).
| Standard Indicator | Unit | 2017 |
|---|---|---|
| Total Cost of Training | HK$'000 | 864 |
Number of suppliers by geographical region.
| Standard Indicator | Unit |
|---|---|
| Proportion of Spending on Local Suppliers | % |