Consolidated Audited Assets, Liabilities and Equity (all in HK$'000)
At as 30 June
2023
2022
2021
2020 (Note)
2019 (Note)
Property, plant and equipment
1,240
1,818
2,402
1,980
2,431
Right-of-use assets
1,053
3,317
5,651
1,067
-
Investment properties
1,840,814
2,005,063
2,074,921
1,910,689
2,051,020
Interest in a joint venture
82,331
91,163
91,831
78,918
93,605
Amount due from a joint venture
-
235,768
242,129
220,448
215,712
Current assets
469,694
346,925
352,755
308,817
319,915
Other asset
1,301
1,403
1,441
1,313
1,364
Current liabilities
122,953
234,372
154,464
139,767
242,559
Net current assets
346,741
112,553
198,291
169,050
77,356
Total Assets less Current Liabilities
2,273,480
2,451,085
2,616,666
2,383,465
2,441,488
Non-controlling interests
39,218
41,642
43,265
37,287
36,862
Deferred tax liabilities
234,029
262,633
299,809
253,404
293,795
Bank loans - due after one year
-
-
91,833
95,667
-
Long-term rental deposits received
15,165
11,114
11,551
9,078
15,175
Lease liabilities
-
1,134
3,506
-
-
Equity attributable to owners of the Company
1,985,068
2,134,562
2,166,702
1,988,029
2,095,656
Note:
In 2019, the Group has applied HKFRS 15, HKFRS 9 and other new and amendments to HKFRSs for the first time in the year. Accordingly, certain comparative information for the years ended 30 June 2017 and 2018 may not be comparable to the year ended 30 June 2019, 2020 and 2021.
In 2020, the Group has applied HKFRS 16 and other new and amendments to HKFRSs for the first time in the year. Accordingly, certain comparative information for the years ended 30 June 2017, 2018 and 2019 may not be comparable to the year ended 30 June 2020 and 2021.
Accounting policies resulting from application of HKFRS 15, HKFRS 9 and HKFRS 16 are disclosed in note 3 to the consolidated financial statements of the Annual Report 2020-2021.
2021
2020
2019
2018
2017
Property, plant and equipment
2,402
1,980
2,431
1,859
2,214
Right-of-use assets
5,651
1,067
-
-
-
Investment properties
2,074,921
1,910,689
2,051,020
2,136,283
1,990,736
Interest in a joint venture
91,831
78,918
93,605
80,205
86,974
Amount due from a joint venture
242,129
220,448
215,712
238,283
218,549
Other asset
1,441
1,313
1,364
1,423
1,382
Current assets
352,755
308,817
319,915
343,286
314,882
Current liabilities
154,464
139,767
242,559
149,487
143,750
Net current assets (liabilities)
198,291
169,050
77,356
193,799
171,132
Total Assets less Current Liabilities
2,616,666
2,383,465
2,441,488
2,651,852
2,470,987
Non-controlling interests
43,265
37,287
36,862
38,186
34,731
Deferred tax liabilities
299,809
253,404
293,795
322,594
302,625
Break loans - due after one year
91,833
95,667
-
127,759
135,520
Long-term rental deposits received
11,551
9,078
15,175
14,315
20,033
Lease liabilities
3,506
-
-
-
-
Equity attributable to owners of the Company
2,166,702
1,988,029
2,095,656
2,148,998
1,978,078
2016
2015
2014
2013
2012
Property, plant and equipment
1,743
2,012
1,979
2,049
2,222
Investment properties
1,926,240
2,000,101
1,930,079
1,867,428
1,737,936
Property interest
-
-
-
-
-
Properties held for development
-
-
-
-
-
Properties under development
-
-
-
-
-
Deposit paid to acquire land use right
-
-
-
-
-
Goodwill
-
-
-
-
-
Interests in associates
-
-
-
-
-
Investments in securities
-
-
-
-
-
Interest in a joint venture
71,570
94,467
76,235
85,614
60,972
Amount due from a joint venture
235,184
239,924
252,355
236,927
246,393
Loan receivables
-
-
-
-
-
Net current assets (liabilities)
(16,068)
121,505
108,635
(117,112)
46,037
Non-controlling interests
34,154
36,572
34,466
32,851
29,626
Deferred tax liabilities
283,573
282,051
272,312
261,041
231,355
Long-term loans
-
164,592
191,192
-
205,718
Amount due to a related company - due after one year
-
-
-
-
-
Other payable - due after one year
-
-
-
-
-
Loan from a related company
-
-
-
-
-
Shareholders' funds
1,902,346
1,974,794
1,871,313
1,781,014
1,626,861
2011
2010
2009
2008
2007
Property, plant and equipment
2,447
2,911
3,568
14,672
13,431
Investment properties
1,645,704
1,535,437
1,517,816
1,603,217
1,410,772
Property interest
-
-
-
-
-
Properties held for development
-
-
-
255,712
235,874
Properties under development
-
-
-
-
-
Deposit paid to acquire land use right
-
-
-
-
-
Goodwill
-
-
-
-
-
Interests in associates
-
-
-
-
-
Investments in securities
-
-
-
-
-
Interest in a joint venture
65,759
55,457
49,335
-
-
-
Amount due from a joint venture
228,154
217,826
215,572
-
-
Other receivables
744
744
8,352
6,048
28,214
Loan receivables
-
-
-
-
-
Net current assets (liabilities)
(30,744)
(214,311)
(50,314)
7,167
(4,144)
Non-controlling interests/Minority interests
27,789
29,082
27,790
47,255
43,572
Deferred tax liabilities
212,026
94,669
92,855
106,390
90,561
Long-term loans
160,210
-
193,000
215,500
232,800
Amount due to a related company - due after one year
-
-
-
9,407
18,364
Other payable - due after one year
-
-
-
-
-
Loan from a related company
-
-
-
-
-
Shareholders' funds
1,511,295
1,474,313
1,430,684
1,508,264
1,298,850
2006
2005
2004
2003
2002
Property, plant and equipment
13,987
12,475
13,541
8,525
8,229
Investment properties
-
500,000
420,000
420,000
460,000
Property interest
455,432
-
-
-
-
Properties held for development
225,654
219,848
200,195
-
-
Properties under development
-
-
-
131,509
284,654
Deposit paid to acquire land use right
-
-
-
51,064
51,064
Goodwill
-
-
161
1,302
2,443
Interests in associates
-
-
-
-
421
Investments in securities
-
-
-
-
-
Interest in a joint venture
-
-
-
-
-
Amount due from a joint venture
-
-
-
-
-
Other receivables
27,220
18,442
15,062
-
-
Loan receivables
2,164
7,147
14,729
1,616
2,147
Net current assets (liabilities)
382,246
316,133
365,537
307,399
87,049
Minority interests
34,865
30,688
28,146
25,390
25,442
Deferred tax liabilities
27,721
19,613
7,955
5,750
-
Long-term loans
-
123,500
140,636
167,073
124,797
Amount due to a related company - due after one year
17,490
-
-
-
-
Other payable - due after one year
-
493
493
493
2,996
Loan from a related company
-
68,620
102,595
-
-
Shareholders' funds
1,026,627
831,131
749,400
722,709
742,772
2001
2000
1999
1998
1997
Property, plant and equipment
6,962
7,642
2,684
3,876
4,387
Investment properties
520,000
520,000
520,000
660,000
797,200
Property interest
-
-
-
-
-
Properties held for development
-
-
-
-
-
Properties under development
325,626
311,672
492,000
428,337
365,268
Deposit paid to acquire land use right
51,064
51,064
-
-
-
Goodwill
3,584
4,725
5,866
7,007
8,148
Interests in associates
421
421
35,019
35,206
34,164
Investments in securities
-
-
331
267
255
Interest in a joint venture
-
-
-
-
-
Amount due from a joint venture
-
-
-
-
-
Other receivables
-
-
-
-
-
Loan receivables
-
-
-
-
-
Net current assets (liabilities)
90,115
118,696
(206,460)
(41,772)
(18,558)
Minority interests
24,016
23,423
11,681
11,660
11,649
Deferred tax liabilities
-
-
-
-
-
Long-term loans
171,597
201,926
77,450
128,150
124,787
Amount due to a related company - due after one year
-
-
-
-
-
Other payable - due after one year
2,996
2,996
2,996
2,996
2,996
Loan from a related company
-
-
-
-
-
Shareholders' funds
799,163
785,875
757,313
950,115
1,051,432
1996
1995
1994
1993
1992
Property, plant and equipment
5,025
6,427
1,087
4,156
60,230
Investment properties
800,000
972,000
1,012,000
761,800
730,000
Property interest
-
-
-
-
-
Properties held for development
-
-
-
-
-
Properties under development
328,249
222,295
-
-
-
Deposit paid to acquire land use right
-
-
-
-
-
Goodwill
9,289
8,822
-
-
481
Interests in associates
16,088
15,982
12,780
11,229
16,727
Investments in securities
185
334
334
334
37,241
Interest in a joint venture
-
-
-
-
-
Amount due from a joint venture
-
-
-
-
-
Other receivables
-
-
-
-
-
Loan receivables
-
-
-
-
-
Net current assets (liabilities)
53,830
51,384
41,444
(173,057)
46,965
Non-controlling interests/Minority interests
11,573
80,345
-
-
-
Deferred tax liabilities
-
-
-
-
83
Long-term loans
163,014
222,869
83,006
896
451,070
Amount due to a related company - due after one year
Restatement for the years ended 30 June 2012 and 2011 in respect of the adoption of amendments to HKAS 12 "Deferred Tax: Recovery of Underlying Assets" has not been made for the year ended 30 June 2010.
Notes:
The above financial summary prior to 1 July 2002 has not been adjusted to take into account the effect on the adoption of SSAP 12 (Revised) "Income Taxes" issued by Hong Kong Institute of Certified Public Accountants as the Directors considered that it is not practicable to do so.
The above financial summary prior to 1 July 2004 has not been adjusted to take into account the effect on the adoption of new Hong Kong Financial Reporting Standards that are effective for accounting period beginning on or after 1 July 2005.
Note:
In 2019, the Group has applied HKFRS 15, HKFRS 9 and other new and amendments to HKFRSs for the first time in the year. Accordingly, certain comparative information for the years ended 30 June 2017 and 2018 may not be comparable to the year ended 30 June 2019, 2020 and 2021.
In 2020, the Group has applied HKFRS 16 and other new and amendments to HKFRSs for the first time in the year. Accordingly, certain comparative information for the years ended 30 June 2017, 2018 and 2019 may not be comparable to the year ended 30 June 2020 and 2021.
Accounting policies resulting from application of HKFRS 15, HKFRS 9 and HKFRS 16 are disclosed in note 3 to the consolidated financial statements of the Annual Report 2020-2021.
