Financial Highlights

RESULT

For the year ended 30 June
2020
HK$’000
2019
HK$’000
2018
HK$’000
2017
HK$’000
(Restated)
2016
HK$’000
(Restated)
Revenue 165,934 43,503 25,347 26,359 34,657
Cost of sales and services (121,281) (19,802) (9,642) (12,913) (12,255)
         
Gross profit 44,653 23,701 15,705 13,446 22,402
Other income 11,223 66,269 13,951 3,954 10,203
Selling and distribution expenses (4,791) (1,409) (6,837) (6,276)
Administrative and operating expenses (63,183) (57,815) (80,268) (84,388) (97,084)
Provision for doubtful receivables (2,628) (213) (8,797) (43,127) (46,465)
Impairment loss on assets (133,058) (67,930) - (53,776) (85,712)
Finance costs
(18,154) (11,950) (12,581) (13,316) (11,988)
Share of result of joint ventures
- - - (31) (490)
Share of profits of associates
558 - - - -
Loss before tax (165,380) (47,938) (73,399) (184,075) (215,410)
Income tax credit 1,390 2,312 1,814 2,835 1,568
Loss for the year (163,990) (45,626) (71,585) (181,240) (213,842)

Certain figures in respect of the years ended 30 June 2016 an 30 June 2017 have been restated to conform with the presentation of the consolidated results for the year ended 30 June 2020.

ASSETS AND LIABILITIES

30-6-2020
HK$’000
30-6-2019
HK$’000
30-6-2018
HK$’000
30-6-2017
HK$’000
30-6-2016
HK$’000
Total assets 188,173 228,668 175,497 134,063 259,311
Total liabilities (261,558) (191,429) (235,496) (123,470) (109,830)
         
Net assets/(liabilities) (73,385) 37,239 (59,999) 10,593 149,481
         
Equity/(capital deficiency) attributable
to equity holders of the Company
(73,080) 37,736 (59,392) (646) 136,341
Non-controlling interests (305) (497) (607) (11,239) 13,140
         
Total equity/(capital deficiency) (73,385) 37,239 (59,999) 10,593 149,481