Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
2023
2022
$'000
$'000
(c)
Other items
HKAS 1.104
Amortisation cost of intangible assets" (note 12)
2,680
1,500
HKAS 1.104
Depreciation charge" (note 11)
- owned property, plant and equipment
right-of-use assets
10,858
10,042
20,590
16,133
31,448
26,175
Impairment losses on non-financial assets
plant and machinery (note 11(a))
goodwill (note 13)
1,200
184
1,384
HKAS 21.52(a)
Net foreign exchange loss/(gain)
1,250
(5,251)
Net (gain)/loss on forward foreign exchange contracts
HKFRS 7.24C(b)(iv)
HKFRS 7.20(a)(i)
- net gain on cash flow hedging instruments reclassified through OCI (note 9(b))
-net (gain)/loss on other forward foreign exchange contracts
(300)
(280)
(525)
3,580
425
(1,951)
CP
Auditors' remuneration 138
Sch 4, Part 2, Section 1
audit services 139
CP
tax services
CP
other services
1,062
885
200
188
100
80
1,362
1,153
HKAS 37.84(b)
Increase in provisions (note 31)
12,439
12,000
HKAS 40.75(f)
Rentals income from investment properties less direct outgoings of $1,375,000
(2022: $1,037,000) 140
(7,160)
(5,174)
HKAS 2.36(d)
Cost of inventories" (note 19(a))
786,042
719,370
#
A14, Part 1(1)
A16(34)
Sch 4, Part 2
HKAS 40.75(f)
CP
Cost of inventories includes $315,678,000 (2022: $281,865,000) relating to staff costs, depreciation and amortisation
expenses, which amount is also included in the respective total amounts disclosed separately above or in note 5(b) for
each of these types of expenses, and net gain on cash flow hedging instruments removed from equity to the initial
carrying amount of inventories. 141
138 In accordance with paragraph I under Part 1 of Appendix 14 to the MBLRS, a listed issuer is required to disclose an analysis of
auditors' remuneration in respect of both audit and non-audit services in the corporate governance report (CGR) included in its
annual report. The analysis must include, in respect of each significant non-audit service assignment, details of the nature of the
services and the fees paid. As compared to the requirement under CO to disclose the amount of the remuneration of the auditor
(see footnote 139), Appendix 14 to the MBLRS is more prescriptive and includes requirements on disclosures of:
• remuneration of non-audit services; and
•
remuneration of services provided by any entity that is under common control, ownership or management with the audit
firm or any entity that a reasonable and informed third party having knowledge of all relevant information would reasonably
conclude as part of the audit firm nationally or internationally.
When the amounts of auditors' remuneration disclosed in accordance with Appendix 14 to the MBLRs and the CO are different,
a reconciliation is recommended to facilitate an understanding of the nature of the difference.
Where a listed entity chooses to present such analysis in its annual financial statements, the issuer must make a clear and
unambiguous reference to its annual financial statements from the CGR. The CGR must not only contain a cross-reference
without any discussion of the matter.
139 Under the CO, companies are required to disclose, under a separate heading, the amount of the remuneration of the auditor. As
defined in the CO, "remuneration" includes any sums paid by the company in respect of the auditor's expenses. This disclosure
is required to be made in the financial statements.
140 Where the entity has investment properties which were vacant during the period, or otherwise not generating rental income,
the entity should analyse direct operating expenses (including repairs and maintenance) between that amount relating to
investment properties which generated rental income and that amount relating to investment properties that did not generate
rental income.
141 Although there is no requirement for such disclosure, it is best practice to show the extent of duplication in the disclosures made
in this note.
92
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