Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
HKAS 8.29(c)
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The following table illustrates the amounts that would have been in the group's consolidated
statement of profit or loss for the year ended 31 December 2023 and the consolidated statement of
financial position as at that date, if the group had not changed its accounting policy as noted above
and had continued to apply the practical expedient in paragraph 93(b) of HKAS 1986.
As reported
Backing out effect of
adoption of the
HKICPA guidance
$'000
$'000
If accounting policy
had not been
changed
$'000
Consolidated statement of profit or
loss for year ended 31 December
2023:
Distribution costs
Administrative expenses
Profit from operations
Profit before taxation
Income tax
Profit for the year
Profit attributable to equity
shareholders of the company
Consolidated statement of profit or
loss and other comprehensive
income for the year ended 31
(62,919)
35
(62,884)
(86,689)
107
(86,582)
145,376
142
145,518
149,258
142
149,400
(24,475)
(23)
(24,498)
124,783
119
124,902
114,367
119
114,486
December 2023:
Remeasurement of defined benefit
plan obligations
(9)
5
(4)
Other comprehensive income for
the year
23,268
5
23,273
Total comprehensive income for
the year
148,051
124
148,175
Total comprehensive income
attributable to equity
shareholders of the company
137,782
124
137,906
Consolidated statement of financial
position as at 31 December 2023:
Deferred tax assets
2,539
(201)
2,338
Total non-current assets
483,029
(201)
482,828
Total assets less current liabilities
719,496
(201)
719,295
Defined benefit plan obligations
3,884
(1,220)
2,664
Total non-current liabilities
159,049
(1,220)
157,829
Net assets
560,447
1,019
561,466
Reserves
296,783
1,019
297,802
Total equity attributable to equity
shareholders of the company
478,183
1,019
479,202
Total equity
560,447
1,019
561,466
Reconciliation of profit before
taxation to cash generated from
operations for year ended 31
December 2023 (note 22(b))
Profit before taxation
149,258
142
149,400
Increase in defined benefit plan
obligations
665
(142)
523
An entity discloses information required by paragraph 29(c) of HKAS 8 when it changes in accounting policy voluntarily. This includes the
amounts of adjustments for each financial statement line item affected and, if HKAS 33 applies to the entity, adjustments for basic and
diluted earnings per share. Such disclosures cover not only each prior period presented but also the current period.
The financial effects of the voluntary change in accounting policy on the current period are determined by comparing the amounts as
reported after applying the HKICPA guidance with the hypothetical amounts that would have been recognised if the entity had
continued to apply the practical expedient in paragraph 93(b) of HKAS 19 to account for the amendments made to the LSP benefit
formula as a result of the Amendment Ordinance.
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