Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
HKFRS 8.33
HKFRS 15.114
Financial statements for the year ended 31 December 2023
130
(iii) Geographic information 13
The following table sets out information about the geographical location of (i) the group's revenue
from external customers and (ii) the group's investment property, property, plant and equipment,
intangible assets, goodwill and interests in associates and joint venture ("specified non-current
assets")131. The geographical location of customers is based on the location at which the services were
provided or the goods delivered 132. The geographical location of the specified non-current assets is
based on the physical location of the asset, in the case of property, plant and equipment, the location
of the operation to which they are allocated, in the case of intangible assets and goodwill, and the
location of operations, in the case of interests in associates and joint venture132
Revenues from external
customers114
2023
2022
Specified
non-current assets
2023
2022
$'000
$'000
$'000
$'000
Hong Kong (place of domicile)133
767,083
704,506
273,058
219,210
Chinese Mainland
1,750
1,220
72,765
50,095
United States
129,528
100,600
Singapore
43,468
22,174
30,478
36,472
Malaysia
32,592
15,730
42,366
39,307
Germany
France
Other countries
35,268
45,450
18,774
29,230
56,432
66,330
317,812
280,734
145,609
125,874
1,084,895
985,240
418,667
345,084
The analysis above includes property rental income from external customers in Hong Kong and in
Chinese Mainland of $7,795,000 (2022: $5,595,000) and $740,000 (2022: $616,000) respectively.
HKFRS 8.31-34
HKFRS 15.114
HKFRS 8.33
HKFRS 8.33
130 HKFRS 8 requires disclosure of information about an entity's products and services, geographical areas and major customers, regardless
of the entity's organisation (i.e. even if the entity has a single reportable segment). These minimum disclosures, referred to as "entity-
wide disclosures" in HKFRS 8, should be based on the financial information that is used to produce the entity's financial statements (i.e.
not based on the management approach) and are required if they are not provided as part of the reportable segment information
required by the standard. In HK Listco's financial statements, we have included the information relating to geographic location of
customers and non-current assets here in Note 3(b) "Segment reporting" and included the information on the entity's products and
services and major customers in Note 3(a) "Revenue". Other approaches to disclosing this information are also acceptable provided
they meet the basic disclosure requirement of paragraph 113 of HKAS 1, to present notes in a systematic manner.
Regardless of where disclosed, these entity-wide disclosures are also a form of disaggregated revenue disclosure that may contribute
towards satisfying paragraph 114 of HKFRS 15 (see footnote 115).
131 As part of the required entity-wide disclosures, HKFRS 8 requires the disclosure of certain geographic information, unless the necessary
information is not available and the cost to develop it would be excessive. The information required to be analysed geographically is (a)
revenue from external customers and (b) non-current assets other than financial instruments, deferred tax assets, post-employment
benefit assets and rights arising under insurance contracts. In respect of (b), in our view, users may find it helpful if the disclosure
identified which of the group's non-current assets are included in this disclosure, rather than simply repeating the words in HKFRS
8.33(b) concerning "non-current assets other than financial instruments, deferred tax ...". This description will therefore vary from one
entity to the next, depending on which non-current assets they carry.
132 HKFRS 8 requires the revenue and specified non-current assets to be "attributed" to countries. This is intended to allow flexibility to
entities, for example it allows them to decide for themselves how to attribute revenue to countries in situations where the goods are
shipped to one country but the invoices are sent to another country (see paragraph 106 of Appendix A to the Basis for conclusions to
HKFRS 8). Given this flexibility, entities are required to disclose the attribution basis used.
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