Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
4
OTHER INCOME¹14
2023
2022
$'000
$'000
HKFRS 7.20(b)
Interest income on financial assets measured at amortised cost
Dividend income
1,363
1,008
610
572
HKAS 20.39(b)
Government grants (note (i)) 134
205
2,800
Rentals receivable from operating leases, other than those relating to investment
property
450
500
Financial guarantee issued
2
2
HKFRS 7.24C(b)(ii)
A16(4)(1)(a)
HKFRS 7.20(a)(i)
Changes in fair value of interest rate swaps recognised as hedge ineffectiveness
Net loss on sale of property, plant and equipment 135
1
1
(83)
Net gain on trading securities 135
4,887
4,307
Net gain on investments not held for trading
3,684
11,119
9,190
HKAS 20.39(b)
(i)
HKAS 20.29
HKAS 1.34 & 35
135
HKFRS 7.20(a)(i)
In 2023, the group successfully applied for funding support from the Commercial Research and
Development Fund ("the Fund"), set up by the [•] Government. The purpose of the Fund is to
encourage innovation by granting financial assistance to commercial entities whose research and
development projects meet certain criteria.
In 2022, the group successfully applied for funding support from the Employment Support
Scheme under the Anti-epidemic Fund, set up by the [•] Government. The purpose of the
funding is to provide financial support to employers to retain their current employees or hire
more employees when the business revives. Under the terms of the grant, the group is required
to employ a sufficient number of employees with reference to its proposed employee
headcounts in each subsidy month.
134 According to paragraph 29 of HKAS 20, government grants relating to income may either be reported as income (as is shown here) or
deducted in reporting the related expense.
In accordance with HKAS 1, the results of transactions which are incidental to the main revenue generating activities are generally
presented on a net basis (for example, the net gain or loss arising from the disposal of a non-current asset). In addition, HKAS 1 states
that gains and losses arising from a group of similar transactions (for example, gains and losses arising on financial instruments held for
trading during the period) are reported together on a net basis, unless separately material. However, requirements of other more
specific HKFRSS may restrict the extent to which amounts may be aggregated. For example, HKFRS 7 requires net gains or losses on
financial instruments at fair value through profit or loss to be separately analysed between those arising on financial instruments
designated as such upon initial recognition and those arising on instruments which are mandatorily measured at FVPL in accordance
with HKFRS 9.
90
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