Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
Sch 4, Part
1, Section
2(1)(a)
37 COMPANY-LEVEL STATEMENT OF FINANCIAL POSITION 292
HKAS 1.113
HKAS 1.51(e)
HKAS 1.60 & 66
HKAS 1.54(a)
HKAS 1.54(d)
Non-current assets
Property, plant and equipment
Investments in subsidiaries
Other financial assets
2023
$'000
2022
$'000
$'000
$'000
94,667
86,865
74,395
69,395
31,726
27,289
200,788
183,549
HKAS 1.60 & 66
HKAS 1.54(d)
Current assets
HKFRS 7.8(a)(ii)
HKAS 1.54(g)
Trading securities
58,331
58,020
Inventories
50,368
59,134
HKAS 1.54(h)
HKFRS 7.8(f)
HKAS 1.54(i)
Trade and other receivables
230,947
246,903
Cash and cash equivalents
55,185
32,451
394,831
396,508
HKAS 1.60 & 69
Current liabilities
HKAS 1.54(k)
Trade and other payables
76,062
103,369
HKAS 1.54(m)
HKFRS 7.8(g)
HKAS 1.54(m)
HKFRS 16.47(b)
HKAS 1.54(n)
Bank loans
19,441
17,208
Lease liabilities
21,329
15,271
Current taxation
2,475
2,440
119,307
138,288
HKAS 1.60 & 69
HKAS 1.54(m)
HKFRS 7.8(g)
HKAS 1.54(m)
HKFRS 16.47(b)
HKAS 1.54(o) & 56
Sch 4, Part
292
1, Section
2(1)(a), (3)
HKAS
1.113-114
Net current assets
Total assets less current liabilities
Non-current liabilities
Interest-bearing borrowings
Lease liabilities
Deferred tax liabilities
NET ASSETS
275,524
476,312
258,220
441,769
32,119
38,174
48,963
3,103
53,202
2,418
84,185
392,127
93,794
347,975
In accordance with Schedule 4 to the CO when a company prepares consolidated financial statements, a company-level statement of
financial position is required to be disclosed as a note to the consolidated financial statements. Schedule 4 specifically requires that the
company-level statement of financial position must be in the format in which that statement would have been prepared if the holding
company had not been required to prepare any annual consolidated financial statements for the financial year. This means that the
company should apply the general requirements of HKAS 1 to prepare the company-level statement of financial position as if the
statement were presented as a primary statement.
The CO is not explicit as to where in the notes the company-level statement of financial position should be placed. If the directors wish to
draw attention to this statement and yet comply with a literal interpretation of Schedule 4, they would be advised to include the
statement as note 1 or otherwise in a prominent position in the notes to the consolidated financial statements. In this illustration, the
company-level statement of financial position is disclosed as a separate note at the end of the notes relating to the financial year (i.e.
immediately before the note on non-adjusting events after the reporting period). However, the statement can be located in any place in
the notes to the consolidated financial statements which is considered sensible, in accordance with HKAS 1's general principle that notes
should be presented in a systematic manner.
193
© 2023 KPMG, a Hong Kong partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"),
a private English company limited by guarantee. All rights reserved.View entire presentation