ICO Group Limited — Annual Report 2015

Apr 22, 2016

2015 ANNUAL REPORT

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AMCO UNITED HOLDING LIMITED

(Incorporated in Bermuda with limited liability)

（於百慕達註冊成立之有限公司）

(Stock Code 股份代號 : 630)

Contents 目錄

FINANCIAL HIGHLIGHTS	財務摘要	2
CORPORATE INFORMATION	公司資料	4
CHAIRMAN’S STATEMENT	主席報告	6
MANAGEMENT DISCUSSION AND ANALYSIS	管理層討論及分析	8
PROFILE OF DIRECTORS AND SENIOR MANAGEMENT	董事及高級管理人員簡介	25
CORPORATE GOVERNANCE REPORT	企業管治報告	29
DIRECTORS’ REPORT	董事會報告	47
INDEPENDENT AUDITOR’S REPORT	獨立核數師報告	69
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND	綜合損益及其他全面收益表	72
OTHER COMPREHENSIVE INCOME
CONSOLIDATED STATEMENT OF FINANCIAL POSITION	綜合財務狀況表	73
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY	綜合權益變動表	75
CONSOLIDATED STATEMENT OF CASH FLOWS	綜合現金流量表	77
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS	綜合財務報表附註	79
FINANCIAL SUMMARY	財務概要	180

雋泰控股有限公司 2015 年報 1

Financial Highlights 財務摘要

REVENUE BY GEOGRAPHICAL MARKET FOR THE YEAR 年內按市場地區劃分之收入

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2015 2014
二零一五年 二零一四年
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PRC including Hong Kong 中國（包括香港） 1.93% PRC including Hong Kong 中國（包括香港） 0.30% Other regions in Asia Pacific 亞太其他地區 13.24% Other regions in Asia Pacific 亞太其他地區 37.66% Europe 歐洲 5.13% Europe 歐洲 22.07% North and South America 北美洲及南美洲 79.70% North and South America 北美洲及南美洲 39.97%

REVENUE BY PRINCIPAL ACTIVITIES FOR THE YEAR

年內按主要業務劃分之收入

2015 二零一五年 Manufacture and sale of medical devices products 製造及銷售醫療設備產品 75.11% Manufacture and sale of plastic moulding products 製造及銷售塑膠模具產品 22.98% Provision of public relations services 提供公共關係服務 1.21% Provision of human resources services 提供人力資源管理服務 0.70%

2014 二零一四年 Manufacture and sale of medical devices products 製造及銷售醫療設備產品 34.70% Manufacture and sale of plastic moulding products 製造及銷售塑膠模具產品 65.30%

AMCO UNITED HOLDING LIMITED Annual Report 2015

2

Financial Highlights 財務摘要

FINANCIAL AND OPERATING RESULTS HIGHLIGHTS

財務及經營業績摘要

The following table sets forth certain financial information of AMCO United Holding Limited (“Company”) and its subsidiaries (collectively, “Group”) as of the date for the years indicated:

下表載列雋泰控股有限公司（「本公司」）及其附 屬公司（統稱「本集團」）於列示年度日期之若干 財務資料：

OPERATING RESULTS (HK$’000) 經營業績（千港元）	2015 2014 二零一五年 二零一四年	2015 2014 二零一五年 二零一四年
Revenue 收入		76,470
	72,352
Loss for the year 年度虧損	(18,606)	(48,287)
FINANCIAL POSITION (HK$’000) 財務狀況（千港元）	2015 2014 二零一五年 二零一四年
Equityattributable to owners of the Company 本公司擁有人應佔權益		48,186
	243,770
Total assets 總資產	274,566	81,943
Net assets 資產淨值	243,770	48,186
Net assets value per share (HK cents) 每股資產淨值（港仙）	19.6	3.1
FINANCIAL STATISTICS 財務統計	2015 2014 二零一五年 二零一四年
Current ratio1 流動比率1		2.3
	6.5
Total debt to total assets ratio2 總債務與總資產比率2	0.1	0.4
Return on total assets (%)3 總資產回報率(%)3	(6.8)	(58.9)
Return on sales (%)4 銷售回報率(%)4	(25.7)	(63.1)
Loss per share from continuing and discontinued operations (HK cents) 來自持續及已終止經營業務之 每股虧損（港仙） Basic 基本 Diluted 攤薄		(restated) （經重列） (6.2) N/A不適用
	(1.5)
	N/A不適用

Notes:

附註：

1. Current ratio is calculated by dividing current assets by current liabilities.

2. 流動比率乃以流動資產除以流動負債計算。

3. Total debt to total assets ratio is calculated by dividing the total indebtedness by total assets.

4. 總債務與總資產比率乃以總債項除以總資產 計算。

5. Return on total assets is calculated by dividing the loss for the year by total assets.

6. 總資產回報率乃以年度虧損除以總資產計算。

7. Return on sales is calculated by dividing the loss for the year by Revenue.

8. 銷售回報率乃以年度虧損除以收入計算。

雋泰控股有限公司 2015 年報

3

Corporate Information 公司資料

DIRECTORS

Executive Directors

YIP Wai Lun, Alvin (Chairman and Managing Director) CHENG Kin Chor LEUNG Kelvin Ming Yuen

Independent Non-executive Directors

WONG Siu Ki CHAN Ngai Sang Kenny LI Kwok Fat

COMPANY SECRETARY

CHAN Kwong Leung, Eric

AUTHORISED REPRESENTATIVES

CHENG Kin Chor CHAN Kwong Leung, Eric

PRINCIPAL PLACE OF BUSINESS IN HONG KONG

9/F, Fung House 19-20 Connaught Road Central Hong Kong

REGISTERED OFFICE

Clarendon House 2 Church Street Hamilton HM11 Bermuda

董事

執行董事

葉偉倫（主席兼董事總經理） 鄭堅楚 梁明遠

獨立非執行董事

黃兆麒 陳毅生 李國發

公司秘書

陳鄺良

法定代表

鄭堅楚 陳鄺良

香港主要營業地點

香港 干諾道中19-20號 馮氏大廈9樓

註冊辦事處

Clarendon House 2 Church Street Hamilton HM11 Bermuda

AMCO UNITED HOLDING LIMITED 4 Annual Report 2015

Corporate Information 公司資料

PRINCIPAL BANKERS

主要往來銀行

Standard Chartered Bank (Hong Kong) Limited Fubon Bank (Hong Kong) Limited

渣打銀行（香港）有限公司 富邦銀行（香港）有限公司

AUDITOR

核數師

BDO Limited 25/F, Wing On Centre 111 Connaught Road Central Hong Kong

香港立信德豪會計師事務所有限公司 香港 干諾道中111號 永安中心25樓

PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE

主要股份過戶登記處

MUFG Fund Services (Bermuda) Limited MUFG Fund Services (Bermuda) Limited The Belvedere Building The Belvedere Building 69 Pitts Bay Road 69 Pitts Bay Road Pembroke HM08 Pembroke HM08 Bermuda Bermuda

HONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICE

香港股份過戶登記分處

Tricor Standard Limited 卓佳標準有限公司 Level 22, Hopewell Centre 香港 183 Queen’s Road East 皇后大道東183號 Hong Kong 合和中心22樓

WEBSITE

網址

www.amco-united.com

www.amco-united.com

雋泰控股有限公司 2015 年報 5

Chairman’s Statement 主席報告

The Year 2015 has marked the successful transformation of the Group’s business and the continuing evolution of strategies that we are deploying to drive value growth and performance. The overall performance of the Group has significantly improved with one of the existing business segments regained profitability while new businesses generated momentum of growth.

Confronting the challenges of losing low-cost advantages over labor and production in the People’s Republic of China (“China” or “PRC”) in the midst of global economic slowdown, the two manufacturing business segments have been undergoing a period of deep and profound transformation with a series of measures including outsourcing, business process streamlining and cost containment programs in the past few years. Despite the one-off expenses and temporary production inefficiency incurred in the past few years, the Group benefited from the long-term sustainable competitive advantages in 2015, with significantly reduced loss in manufacture and sale of plastic moulding products (“Plastic Moulding Business”), and turned loss into profit in the manufacture and sale of medical devices products (“Medical Devices Business”).

In order to maximise business performance and enhance corporate value, the board (“Board”) of directors (“Directors”) of the Company has employed a diversification strategy to its business this year. The Group is striving to penetrate into promising high growth markets of different business sectors to strengthen its income stream. During the year, the Group achieved anticipated results in its new business segment of public relations and human resource management. Given the Group’s business motto of maintaining stability and diversity in the portfolio of products and services, the Board believes that these new businesses will strengthen corporate growth and generate stable income as recurrent sources of revenue.

二零一五年標誌著本集團成功轉型及本集團致 力於全面推行持續改進之策略以提高價值及表 現。本集團之整體表現顯著提高，一個現有業務 分部恢復盈利，而新業務呈現增長勢頭。

過往數年，在中華人民共和國（「中國」）面臨喪 失勞工及低生產成本之優勢及全球經濟增速放 緩相關之多項挑戰之情況下，兩個製造業務分 部已進行深刻轉型，並採取一系列措施，包括外 判、簡化業務流程及成本控制計劃。儘管於過往 數年有關改革產生一次性開支及生產效率暫時 低下，惟本集團於二零一五年開始得益於長期可 持續優勢，製造及銷售塑膠模具產品（「塑膠模 具業務 」）之虧損顯著減少，而製造及銷售醫療 設備產品（「醫療設備業務」）則扭虧為盈。

今年，為進一步提高業務表現及增加企業價值， 本公司之董事（「董事」）會（「董事會」）已實施 策略轉型，從專注型企業轉變為多元化企業。本 集團正致力於進軍不同業務分部且前景廣闊之 高增長市場，從而鞏固其收入來源。年內，本集 團開始經營其新業務分部（公共關係及人力資源 管理），並取得預期業績。透過堅持多元化及平 衡產品和服務組合的經營理念，董事會相信新業 務將可令企業發展，並於不同業務分部產生穩定 收入作為經常性收入來源。

AMCO UNITED HOLDING LIMITED 6 Annual Report 2015

Chairman’s Statement 主席報告

PROSPECTS

In the coming years, the Board targets to become a diversified corporation through active portfolio management such as acquisitions and setting up new subsidiaries. The acquisition of entire interest in ACE Engineering Limited (“ACE Engineering”) on 5 January 2016 enabled the Group to expand its footprint into the field of building contract works and further diversify its portfolio of businesses. With all the favorable growing factors including the rising number of ageing building, increasing public awareness of property safety and supportive government policies on building maintenance in Hong Kong, the building contract works segment will become a new driving force for our future sustainable growth.

In the beginning of 2016, global economy has weakened amid increasing financial turbulence and falling asset prices, while strong national policies are expected to propel the global economy to a more prosperous path. Against this backdrop of global economic instability which contains both risks and opportunities, the Company will adhere to its core strategies of efficient capital allocation, consistent portfolio strategy and lean organization structure to build a diversified corporation. Appraisal and evaluation of profitable business segments will be conducted regularly in a constant and dynamic manner to ensure the efficiency of corporate resources allocation to create superior shareholders’ value.

Yip Wai Lun, Alvin

Chairman and Managing Director Hong Kong, 29 March 2016

前景

未來幾年，董事會之目標為透過以收購及設立新 附屬公司等方式進行積極組合管理打造多元化 企業。於二零一六年一月五日完成收購安迪工程 有限公司（「安迪工程」）之全部權益，令本集團 將其業務擴展至建造合約工程領域，並進一步豐 富其業務組合。憑藉包括香港老舊建築數目不斷 增加、日益提高之財產安全公眾意識及有關建築 維護之政府支持政策在內之一切不斷增加之有 利因素，建造合約工程分部將成為本集團未來可 持續發展之新動力。

二零一六年初，全球經濟疲軟，伴隨著金融動盪 持續增加及資產價值不斷下跌，惟強而有力之國 家政策預期將助推全球經濟步入更加繁榮之軌 道。在風險與機遇並存之全球經濟動盪之背景 下，本公司將秉承其高效資本配置、貫徹組合策 略及精簡組織架構之核心策略以打造多元化企 業。本集團將以持續及靈活方式定期對盈利業務 分部進行評估及測評，以確保企業資源分配之效 率，從而創造最高股東價值。

主席兼董事總經理

葉偉倫

香港，二零一六年三月二十九日

雋泰控股有限公司 2015 年報 7

Management Discussion and Analysis 管理層討論及分析

RESULTS

The total revenue of the Group decreased HK$4.1 million or 5.4%, from HK$76.5 million last year to HK$72.4 million for the year ended 31 December 2015 primarily due to the product mix fine-tuning towards higher contribution margin products. Such decrease was driven by the fade out of certain plastic moulding products with low profit margin, partially offset by the rebound in the revenue of the segment of manufacture and sale of medical devices products.

Gross profit of the Group was HK$10.3 million, representing an increase of 71.7% or HK$4.3 million as compared to HK$6.0 million in 2014. Gross profit margin for the year reached approximately 14.3% (2014: 7.8%), representing an elevation of 6.5 percentage points over the last financial year, as a result of the increase of sale of medical devices products, which contributed a higher gross profit margin.

Other income during the year under review recorded HK$3.5 million, an increase of 169.2% as compared to HK$1.3 million in the corresponding year of 2014, which was mainly due to the occurrence of a one-off income for the year.

With the implementation of stringent cost control and streamlining measures, the distribution cost and administrative expenses of the Group declined by HK$2.7 million and HK$1.8 million to HK$0.6 million and HK$31.7 million respectively (for the year ended 31 December 2014: HK$3.3 million and HK$33.5 million respectively), representing a reduction of 81.8% and 5.4% against 2014 respectively.

During the year under review, there were no impairment losses and write-offs and the recognition of loss in fair value upon the conversion of convertible notes through profit and loss, while the amounts recognised for the year of 2014 were HK$14.0 million and HK$4.0 million respectively.

業績

截至二零一五年十二月三十一日止年度，本集團 總收入由去年之76,500,000港元減少4,100,000 港元或5.4%至72,400,000港元，主要由於產品 組合調整為具更高利潤之產品。營業額總額之 減少原因在於減少低利潤率之若干塑膠模具產 品，被部份製造及銷售醫療設備產品分部收入之 反彈所抵銷。

本集團毛利為10,300,000港元，較二零一四年之 6,000,000港元增加71.7%或4,300,000港元。年 內毛利率約為14.3%（二零一四年：7.8% ），較 上一個財政年度提高6.5個百分點，此乃由於增 加銷售醫療設備產品而貢獻較高毛利率所致。

回顧年度之其他收益錄得3,500,000港元，較二 零一四年同期之1,300,000港元增加169.2%，主 要乃由於本年度產生一次性收入所致。

透過實施嚴格之成本控制及精簡措施，本集團 之分銷成本及行政開支分別較二零一四年減 少2,700,000港元及1,800,000港元至600,000 港元及31,700,000港元（截至二零一四年十二 月三十一日止年度：分別為3,300,000港元及 33,500,000港元），減幅分別為81.8%及5.4%。

於回顧年度，並無產生減值虧損及撇銷，亦無 因轉換可換股票據而確認計入損益之公允價 值虧損，而二零一四年則就有關項目分別確認 14,000,000港元及4,000,000港元。

AMCO UNITED HOLDING LIMITED 8 Annual Report 2015

Management Discussion and Analysis 管理層討論及分析

Finance costs decreased 99.3% from HK$0.8 million in 2014 to approximately HK$6,000 in 2015. This decrease is primarily due to the repayment of bank borrowings during the year.

財務費用由二零一四年之800,000港元減少 99.3%至二零一五年之約6,000港元。該減少主 要由於本年度償還銀行借貸所致。

As a result, the loss attributable to owners of the Company was HK$18.6 million, which shows an improvement of 61.5% as compared to HK$48.3 million loss in 2014.

因此，本公司擁有人應佔虧損為18,600,000港 元，較二零一四年虧損48,300,000港元改善了 61.5%。

BUSINESS REVIEW

Medical Devices Business

業務回顧

醫療設備業務

For the year ended 31 December 2015, the Medical Devices Business recorded revenue of HK$54.3 million, increased by 104.9% or HK$27.8 million as compared to that of HK$26.5 million in the previous year. This amount represented 75.1% of the Group’s total revenue for the year under review. This increase is caused by the continual recovery of demand after product recall and the steady growth of the United States of America (“America”) economy. The end-product of our key customer in America experienced a product recall and a subsequent relaunch in 2013, which has unlocked the potential of the product lifecycle and hence triggered a stronger market demand this year after the positive user experience in 2014.

截至二零一五年十二月三十一日止年度，醫療 設備業務錄得收入54,300,000港元，較去年之 26,500,000港元增加104.9%或27,800,000港 元。該金額佔本集團於回顧年度之總收入之 75.1%。該增加主要乃由於產品回收及美利堅合 眾國（「美國」）經濟穩定增長後需求持續恢復所 致。美國之主要客戶之終端產品於二零一三年被 回收及其後重新推出市場，已釋放產品使用週期 之潛力，因此，於二零一四年獲得良好之用戶體 驗後於本年度引發強勁市場需求。

The Group turned HK$4.7 million segment loss last year into a profit of HK$2.2 million this year, as a result of economies of scale in production driven by increased sales orders and effective utilization of resources. Revenue growth has also allowed to better leverage the fixed costs as indicated by the year-over-year decrease in distribution costs and administrative expenses as a percentage of revenues.

由於銷售訂單不斷增加帶動規模生產之經濟效 應及有效利用資源，本集團已由去年4,700,000 港元之分部虧損轉變為今年2,200,000港元之盈 利。收入增長亦令得以更好地控制固定成本，分 銷成本及行政開支佔收入百分比同比下降即為 明證。

雋泰控股有限公司 2015 年報 9

Management Discussion and Analysis 管理層討論及分析

Plastic Moulding Business

The revenue from Plastic Moulding Business decreased by HK$33.3 million, or 66.7%, from HK$49.9 million in 2014 to HK$16.6 million for the year under review, which accounts for 23.0% of the Group’s total revenue. Certain plastic moulding products suffered from declining sales orders as relevant customers’ end products have reached the end of their product life cycle. In the first half of 2015, the Group has ceased the production of the majority of the products, which had contributed a relatively low gross profit margin. However, the Group has been accepting production orders of mould fabrication and some products, which have a relatively higher gross profit margin.

The financial performance of this segment is considered to be bounced from the bottom in the financial year of 2014. Along with the improvement in profit margin of sales orders, the cost containment program including outsourcing of certain manufacturing processes and relocation of production plant also contributed to the enhanced financial performance of this segment. As the reduction of distribution costs and administrative expenses driven by the effect of cost savings and the upfront expenses of out-sourcing and plant relocation were mainly absorbed in last year, the segmental loss for the year 2015 hence decreased by 84.1% to HK$2.1 million, as compared to HK$13.2 million for the year 2014. Comparing to other business segments of the Group, the Plastic Moulding Business is considered to be an underperformer with less momentum to grow, and hence the assets and resources will be progressively shifted to other more profitable business units over time. The Group will closely monitor its on-going performance and continue the operation of the Plastic Moulding Business as long as it still contributes sufficiently to share appropriate portion of the administration and operation cost of the Group.

塑膠模具業務

於回顧年度，塑膠模具業務之收入由二零一四 年之49,900,000港元減少33,300,000港元或 66.7%至16,600,000港元，佔本集團總收入之 23.0%。由於有關客戶終端產品已達致其產品使 用週期年限，故若干塑膠模具產品之銷售訂單減 少。於二零一五年上半年，本集團已終止生產大 部份毛利率相對較低之產品，然而，本集團仍一 直承接毛利率相對較高之模具製造及若干產品 之生產訂單。

該分部之財務表現被認為從二零一四年財政年 度之底部反彈。除銷售訂單利潤率提升外，成本 控制計劃（包括外判若干製造工序及搬遷生產 廠房）亦有助提升此分部之財務表現。由於外判 及搬遷廠房令成本減省，加上所產生之開支已 主要計入去年賬目，分銷成本及行政費用得以 減少，因此，二零一五年之分部虧損較二零一四 年之13,200,000港元減少84.1%至2,100,000港 元。與本集團之其他業務分部相比，塑膠模具業 務增長勢頭較弱，表現欠佳，因此，資產及資源 將隨時間逐步轉移至其他更有利可圖之業務分 部。本集團將緊密監控其持續表現，且只要塑膠 模具業務仍能足以承擔本集團適宜部份攤分之 行政及經營成本，本集團會繼續經營該分部。

AMCO UNITED HOLDING LIMITED 10 Annual Report 2015

Management Discussion and Analysis 管理層討論及分析

Provision of public relations services (“PR Business”)

提供公共關係服務（「公關業務」）

The Group’s PR Business has commenced operation in the first quarter of 2015, which recorded a revenue and segmental loss of HK$0.9 million and HK$0.5 million, respectively. The public relations team has been offering public relations services such as image building, brand marketing and media relation management to corporate clients through a series of public relations activities. Profit margin of the PR Business was curtailed by the segment’s initial set-up expenses as the business was only in the start up phase of development, where specific sales and marketing activities had to be done to bolster customer base and market presence. Performance of the PR Business in 2015 was generally in line with management’s planning and expectations.

本集團之公關業務於二零一五年第一季度開始 營運，分別錄得收入及分部虧損900,000港元及 500,000港元。公共關係團隊透過一系列公共關 係活動而向企業客戶提供公共關係服務，包括企 業形象、品牌營銷及媒體關係管理。公關業務之 利潤率被該分部之初始成立開支削減，原因為該 業務僅處於開發起步階段，本集團須完成具體 銷售及市場推廣活動以加強客戶基礎及市場份 額。公關業務於二零一五年之表現基本符合管理 層之規劃及預期。

Provision of human resources management services (“HR Business”)

提供人力資源管理服務（「人力資源 業務」）

The Group’s HR Business was another new business segment that began to operate in the first quarter of 2015, where an experienced team of recruitment consultants (“HR Team”) was set up to deliver broad-based human resources solutions for general and investment banks and multi-national corporations. The revenue and segmental loss of HR Business for the year ended 31 December 2015 were HK$0.5 million and HK$1.5 million, respectively. The HR Team had spent several months to build the talent and job database for recruitment, selection, and various recruitment activities. The HR Team had also approached potential corporate clients and addressed their needs in human resources governance and recruiting talents. The HR Team had developed a set of detailed position descriptions, and conducted job interviews with potential candidates. Though the HR Team had successfully accomplished certain targets and objectives as per the Group’s business plan in the first few months, the HR Business was challenged by the unusual sentiment in the employment market in the fourth quarter of 2015, especially banking sector. Owing to surging compliance and regulatory costs, multibillion-dollar fines for compliance breaches and decreasing earnings, the management of many international and investment banks had made decisions of staff redundant, salary adjustment and were more conservative on hiring. The situation that multi-national and local corporations tightened recruitment budgets had curtailed the revenue growth of HR Business in the second half of 2015.

本集團之人力資源業務乃於二零一五年第一季度 開始營運之另一個新業務分部，本集團已建立經 驗豐富之招聘顧問團隊（「人力資源團隊」），以 為一般及投資銀行以及跨國企業提供廣泛之人 力資源解決方案。截至二零一五年十二月三十一 日止年度，人力資源業務之收入及分部虧損分別 為500,000港元及1,500,000港元。人力資源團隊 已耗時數月為招聘、選拔以及各項招聘活動建立 人才及職位數據庫。人力資源團隊亦接洽潛在企 業客戶，解決其人力資源管治及人才招聘需求。 人力資源團隊已制定大量的詳盡職位描述，同時 對潛在候選人進行工作面試。儘管人力資源團隊 於最初數月根據本集團業務計劃成功完成若干 目的及目標，惟人力資源業務於二零一五年第 四季度因就業市場特別不景氣面臨巨大挑戰， 銀行業尤為顯著。由於合規及監管成本、數十億 美元之合規性違規罰款及不斷減少盈利，令眾多 國際及投資銀行之管理層已決定裁員、薪金調整 事宜，對招聘更為保守。於二零一五年下半年， 跨國及本地企業收緊招聘預算之情況已削減人 力資源業務之收入增長。

雋泰控股有限公司 2015 年報 11

Management Discussion and Analysis 管理層討論及分析

ACQUISITION OF NEW BUSINESS

Acquisition of building contract works business (“Acquisition of ACE Engineering”)

On 21 May 2015, the Company entered into a memorandum of understanding (“ACEE MOU”) with two individuals (“Prospective Sellers”), the independent third parties of the Company, in relation to the possible acquisition of the entire issued equity interest of a company principally engaged in building construction, building maintenance and improvement works, project management, renovation and decoration works in Hong Kong. On 20 August 2015, the Company and the Prospective Sellers entered into an addendum to the ACEE MOU to extend the expiry date of the exclusivity period to 30 September 2015. On 14 September 2015, Best Reward Global Limited, a wholly-owned subsidiary of the Company, and the Prospective Sellers entered into the acquisition agreement in respect of the acquisition of the entire issued share capital of ACE Engineering, a company incorporated in Hong Kong with limited liability and is wholly-owned by the Prospective Sellers, at the cash consideration of HK$20.5 million.

The Board considers that it is beneficial for the Group to lessen its dependence on its existing manufacturing business segment by diversifying its existing business portfolio so as to broaden its revenue streams and generate stable and sustainable income. ACE Engineering has an operating history of over 15 years in its industry and is a registered general building contractor and a registered minor works contractor under the Buildings Ordinance. It has also been approved by the Hong Kong Housing Authority under the sub-category of Maintenance Works category of building work in Group M1 with the confirmed status and has been on the List of Building Contractors maintained by the Hong Kong Housing Authority. Therefore, the Board is of the view that the Acquisition of ACE Engineering represents an opportunity for the Group to take the initial step into such business and facilitate the Group with relevant construction specialty to enter into the field of building construction and building maintenance and improvement works. The Board anticipates this new business segment will contribute positive results to the Group since 2016.

收購新業務

收購樓宇承包工程業務（「收購安迪 工程」）

於二零一五年五月二十一日，本公司與兩名個 人（「潛在賣方」，獨立於本公司之第三方）就可 能收購一間主要於香港從事樓宇建造、樓宇維修 及改善工程、項目管理、裝修及裝飾工程之公司 之全部已發行股權訂立諒解備忘錄（「安迪諒解 備忘錄」）。於二零一五年八月二十日，本公司與 潛在賣方訂立一份安迪諒解備忘錄之附錄，以將 獨家期之屆滿日期延長至二零一五年九月三十 日。於二零一五年九月十四日，佳賞環球有限公 司（本公司之全資附屬公司）與潛在賣方就收購 安迪工程（一間於香港註冊成立之有限公司，並 由潛在賣方全資擁有）之全部已發行股本訂立收 購協議，現金代價為20,500,000港元。

董事會認為，透過多元化其現有業務組合，以擴 闊其收入流並產生穩定及可持續收入，以減輕其 對現有製造業務分部之依賴對本集團有利。安迪 工程於業內擁有逾15年之經營歷史，且安迪工 程為一間於建築物條例項下之註冊一般建築承 建商及註冊小型工程承建商。安迪工程亦為香港 房屋委員會批准之確認身份之維修保養工程類 別M1組建築承建商，並被收錄於香港房屋委員 會存置之建築承建商名冊。因此，董事會認為， 收購安迪工程為本集團進軍有關業務之機會， 並可有助本集團獲得可進入樓宇建造及樓宇維 修及改善工程領域之相關建造專長。董事會預計 此新業務分部將自二零一六年起為本集團帶來 正面業績貢獻。

AMCO UNITED HOLDING LIMITED 12 Annual Report 2015

Management Discussion and Analysis 管理層討論及分析

The resolution in relation to the Acquisition of ACE Engineering was passed by the shareholders of the Company (“Shareholders”) at the special general meeting (“SGM”) on 21 December 2015. The Acquisition of ACE Engineering was completed on 5 January 2016. Details of the Acquisition of ACE Engineering are set out in the Company’s announcements dated 21 May 2015, 20 August 2015, 14 September 2015, 21 December 2015 and 5 January 2016, and the Company’s circular dated 4 December 2015.

有關收購安迪工程之決議案已獲本公司股東 （「股東」）於二零一五年十二月二十一日之股東 特別大會（「股東特別大會」）上通過。收購安迪 工程於二零一六年一月五日完成。有關收購安迪 工程之詳情載於本公司日期為二零一五年五月 二十一日、二零一五年八月二十日、二零一五年 九月十四日、二零一五年十二月二十一日及二零 一六年一月五日之公告，以及本公司日期為二零 一五年十二月四日之通函。

Acquisition of a subsidiary

On 19 November 2015, Constant Gross Limited, a wholly-owned subsidiary of the Company, entered into an agreement with an independent third party to purchase the entire issued share capital of, and shareholder’s loan to, Zeed Asia Technology Limited (“Zeed Asia”), a company incorporated in Hong Kong with limited liability, at a cash consideration of HK$3.2 million and completion of the acquisition took place on the same date immediately after signing of the agreement. Zeed Asia is principally engaged in provision of information technology services.

收購附屬公司

於二零一五年十一月十九日，本公司全資附屬公 司康益有限公司與獨立第三方訂立協議以購買 創天亞洲科技有限公司（「創天亞洲」，一間於香 港註冊成立之有限公司）之全部已發行股本及向 其提供股東貸款，現金代價為3,200,000港元， 而有關收購事項於緊隨簽訂有關協議之當日完 成。創天亞洲主要從事提供資訊科技服務。

During the year under review, this newly acquired business recorded a post-acquisition loss of approximately HK$0.9 million.

於回顧年度，該新收購之業務錄得收購後虧損約 900,000港元。

雋泰控股有限公司 2015 年報 13

Management Discussion and Analysis 管理層討論及分析

Acquisition of asset through acquisition of a subsidiary

On 6 October 2015, the Company entered into the sale and purchase agreement with GET Holdings Limited (a company incorporated in the Cayman Islands and continued in Bermuda with limited liability, the shares of which are listed on Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (“Stock Exchange”) (Stock Code: 8100)) to acquire the entire issued share capital of Bonus First Group Limited (“BFG”), a company incorporated in the British Virgin Islands with limited liability, at a cash consideration of HK$62.0 million. The principal business of BFG is investment holding and its principal asset is a commercial property located at Office 503 (also known as Unit 503), 5th Floor, Wing On House, No. 71 Des Voeux Road Central, Hong Kong (“Property”), which was leased to and occupied as an office by an independent third party up to the end of February 2016. The resolution in relation to the acquisition of BFG was passed by the Shareholders at the SGM on 21 December 2015. The acquisition of BFG was completed on 29 December 2015. Details of the acquisition of BFG are set out in the Company’s announcements dated 6 October 2015, 21 December 2015 and 29 December 2015 and the Company’s circular dated 4 December 2015.

The Board considers that the acquisition of BFG enabled the Group to purchase a property which can be used by the Group for self-occupation upon termination of the existing lease and realise the Property for capital gain if there is an increase in the value of the Property in the future.

透過收購附屬公司收購資產

於二零一五年十月六日，本公司與智易控股有限 公司（一間於開曼群島註冊成立及於百慕達存續 之有限公司，其股份於香港聯合交易所有限公司 （「聯交所」）創業板上市（股份代號：8100））訂 立買賣協議，以收購利元集團有限公司（「利元 集團」，一間於英屬處女群島註冊成立之有限公 司）之全部已發行股本，現金代價為62,000,000 港元。利元集團之主要業務為投資控股及其主要 資產為位於香港德輔道中71號永安集團大廈5樓 503辦公室（亦稱為503室）之商業物業（「該物 業」），該物業出租予獨立第三方並由其佔用作 辦公室，直至二零一六年二月底為止。有關收購 利元集團之決議案已獲股東於二零一五年十二 月二十一日之股東特別大會上通過。收購利元集 團於二零一五年十二月二十九日完成。有關收購 利元集團之詳情載於本公司日期為二零一五年 十月六日、二零一五年十二月二十一日及二零 一五年十二月二十九日之公告，以及本公司日期 為二零一五年十二月四日之通函。

董事會認為，收購利元集團令本集團可購買本集 團於現有租賃終止後可作自用之物業，且於未來 倘該物業價值增加，則可變現該物業以獲取資本 收益。

AMCO UNITED HOLDING LIMITED 14 Annual Report 2015

Management Discussion and Analysis 管理層討論及分析

EVENTS AFTER THE REPORTING PERIOD

Possible acquisition of not more than 30% of issued share capital in a target company which is principally engaged in the provision of interior design and contracting services (“Possible Acquisition”)

報告期後事項

可能收購一間目標公司（主事從事提 供室內設計及承包服務業務）之不超 過30%之已發行股本（「可能收購事 項」）

On 5 January 2016, the Company entered into a memorandum of understanding with Alpha Generator Limited (“AG MOU”) and three individuals in relation to the Possible Acquisition. As at the date of this annual report, the parties to the AG MOU are still in discussion on the terms of the Possible Acquisition. Further announcement in relation to the AG MOU will be made by the Company as and when appropriate. Details of the AG MOU are set out in the Company’s announcement dated 5 January 2016.

於二零一六年一月五日，本公司與 A l p h a Generator Limited及三名獨立人士就可能收購事 項訂立諒解備忘錄（「AG諒解備忘錄」）。於本年 報日期，AG諒解備忘錄訂約各方仍在磋商可能 收購事項之條款。本公司將於適當時候另行發表 有關AG諒解備忘錄之公告。AG諒解備忘錄之詳 情載於本公司日期為二零一六年一月五日之公 告。

Acquisition of 40% of issued share capital in ultimate holding company of properties

As disclosed in the announcements of the Company dated 15 January 2016 and 22 January 2016, Praiseful Moment Limited (“Praiseful Moment”), a wholly-owned subsidiary of the Company, as the purchaser and Rosy Lane Investments Limited (“Rosy Lane”) as the vendor, entered into a sale and purchase agreement dated 15 January 2016, pursuant to which Praiseful Moment conditionally agreed to acquire, and Rosy Lane conditionally agreed to sell, 8 issued shares in the share capital of Ultimate Elite Investments Limited (“Ultimate Elite”), representing 40% of its issued share capital at completion, at an aggregate cash consideration of HK$50.0 million (“Ultimate Elite Acquisition”). Ultimate Elite is a company incorporated in the British Virgin Islands with limited liability and is principally engaged in investment holding. At completion of such acquisition, Praiseful Moment will hold 40% of the issued share capital of Ultimate Elite and will indirectly hold the properties located at Offices A-H, J-N & P on 21/F. (Whole Floor), No. 3 On Kwan Street, Sha Tin, New Territories, Hong Kong. As at the date of this annual report, completion of the Ultimate Elite Acquisition had not yet taken place.

收購物業之最終控股公司之40%已發 行股本

誠如本公司日期為二零一六年一月十五日及二 零一六年一月二十二日之公告所披露，本公司 之全資附屬公司順年有限公司（「順年」）（作為 買方）與Rosy Lane Investments Limited（「Rosy Lane 」）（作為賣方）訂立日期為二零一六年一 月十五日之買賣協議，據此，順年已有條件同意 收購，而Rosy Lane已有條件同意出售Ultimate Elite Investments Limited（「Ultimate Elite 」）股 本中8股已發行股份（相當於其於完成時之40% 已發行股本），總現金代價為50,000,000港元

（「Ultimate Elite收購事項」）。Ultimate Elite為 一間於英屬處女群島註冊成立之有限公司及主 要從事投資控股。於完成該收購事項後，順年 將持有Ultimate Elite 40%已發行股本及將間接 持有該等物業（即香港新界沙田安群街3號21樓 A-H、J-N及P號辦公室（全層））。於本年報日期， Ultimate Elite收購事項尚未完成。

雋泰控股有限公司 2015 年報 15

Management Discussion and Analysis 管理層討論及分析

Provision of money lending (“Money Lending Business”)

On 25 August 2015, the Presiding Member, Licening Court has granted the money lender license (“License”) to Ever Great Finance Limited (“Ever Great”), a wholly-owned subsidiary of the Company, and such Money Lending Business is expected to become a new growth driver for the Group’s revenue. For the year ended 31 December 2015, Ever Great has not conducted any transactions in relation to the Money Lending Business. On 7 January 2016, Ever Great entered into a loan agreement with a borrower, an independent third party, in respect of an unsecured loan in the principal amount of HK$20.0 million, which marked the commencement of the Money Lending Business. Details are set out in the Company’s announcement dated 7 January 2016.

FINANCIAL REVIEW

Capital structure

As of 31 December 2015, the Group’s consolidated net assets was approximately HK$243.8 million, representing an increase of approximately HK$195.6 million as compared to that of approximately HK$48.2 million in 2014, arising from the completion of share placing activities and capital reorganisation for the year.

As at 31 December 2015, the Company has 1,241,786,321 shares of HK$0.01 each in issue.

Capital reorganisation

On 28 April 2015, the Company effected the capital reorganisation, which included:

• (i) share consolidation of every five issued and unissued shares of par value of HK$0.01 each into one consolidated share of par value of HK$0.05 each. The total number of consolidated shares in the issued share capital of the Company immediately following the share consolidation was rounded down to a whole number by cancelling any fraction in the issued share capital of the Company which might arise from the share consolidation;

提供放貸（「放貸業務」）

於二零一五年八月二十五日，牌照法庭之庭長已 授予本公司之全資附屬公司恒昌財務有限公司 （「恒昌」）放債人牌照（「牌照」），而有關放貸業 務預期成為本集團收入之新增長動力。截至二零 一五年十二月三十一日止年度，恒昌並無進行有 關放貸業務之任何交易。於二零一六年一月七 日，恒昌與一名借款人（一名獨立第三方）就本 金額為20,000,000港元之無抵押貸款訂立貸款 協議，標誌著開始進行放貸業務。詳情載於本公 司日期為二零一六年一月七日之公告。

財務回顧

股本架構

於二零一五年十二月三十一日，本集團之綜合資 產淨值約為243,800,000港元，較二零一四年之 約48,200,000港元增加約195,600,000港元，此 乃來自本年度完成股份配售活動及資本重組。

於二零一五年十二月三十一日，本公司有 1,241,786,321股每股面值0.01港元之已發行股 份。

股本重組

於二零一五年四月二十八日，本公司進行股本重 組，包括：

• (i) 股份合併，將每5股每股面值0.01港元之已 發行及未發行股份合併為1股面值0.05港元 之合併股份。本公司於緊隨股份合併後之 已發行股本中之合併股份總數，透過註銷 本公司已發行股本中可能因股份合併而產 生之任何碎股下調至整數；

AMCO UNITED HOLDING LIMITED 16 Annual Report 2015

Management Discussion and Analysis 管理層討論及分析

• (ii) capital reduction of the par value of each issued consolidated share from HK$0.05 to HK$0.01 by cancellation of HK$0.04 of the paidup capital on each issued consolidated share;

• (ii) 股本削減，透過註銷每股已發行合併股份 之繳足股本0.04港元，將每股已發行合併股 份之面值由0.05港元削減至0.01港元；

• (iii) immediately following the capital reduction, each of the authorised but unissued consolidated shares of HK$0.05 each would be subdivided into 5 new shares of HK$0.01 each; and

• (iii) 緊隨股本削減後，每股面值0.05港元之每股 法定但未發行合併股份將拆細為5股每股面 值0.01港元之新股份；及

• (iv) the credits arising in the books of the Company from the capital reduction of approximately HK$12.3 million was credited to the contributed surplus account of the Company within the meaning of the Companies Act 1981 of Bermuda (“Companies Act”).

• (iv) 將因股本削減而於本公司賬目產生之進賬 約12,300,000港元計入百慕達一九八一年 公司法（「公司法」）所界定之本公司繳入盈 餘賬。

For details, please refer to the Company’s announcements dated 9 March 2015 and 27 April 2015, respectively and the Company’s circular dated 1 April 2015.

詳情請參閱本公司日期分別為二零一五年三月 九日及二零一五年四月二十七日之公告以及本 公司日期為二零一五年四月一日之通函。

Rights issue

供股

On 23 June 2015, the Company had entered into an underwriting agreement with an underwriter, in relation to proposed rights issue of 919,458,963 shares at HK$0.435 per rights share on the basis of three rights shares for every one share in issue (“Rights Issue”). It was considered that the proposed Right Issue would fulfill the financial needs for the business plan, which included (i) the business development of ACE Engineering; (ii) the development of the Group’s existing PR Business and HR Business; (iii) the development of Money Lending Business; (iv) purchase of commercial office in Hong Kong Island; and (v) provision of general working capital for the Group. The subscription price of HK$0.435 per rights share represented (i) a discount of approximately 41.22% to the closing price of HK$0.74 per share as quoted on the Stock Exchange on 23 June 2015; and (ii) a discount of approximately 39.58% to the average closing price of HK$0.72 per share for the five consecutive trading days prior to 23 June 2015.

於二零一五年六月二十三日，本公司與一名包 銷商訂立包銷協議，內容有關建議按每持有一 股已發行股份可獲發三股供股股份之基準進行 供股（「供股」），按每股供股股份0.435港元發行 919,458,963股股份。建議供股被認為將會滿足 業務計劃之財務需求，其中包括(i)安迪工程之業 務發展；(ii)本集團現有公關業務及人力資源業 務之發展；(iii)放貸業務之發展；(iv)於香港島購 置商業辦公室；及(v)提供本集團之一般營運資 金。認購價每股供股股份0.435港元較(i)股份於 二零一五年六月二十三日於聯交所所報之收市 價每股0.74港元折讓約41.22%；及(ii)股份於二 零一五年六月二十三日前五個連續交易日之平 均收市價每股0.72港元折讓約39.58%。

雋泰控股有限公司 2015 年報 17

Management Discussion and Analysis 管理層討論及分析

On 6 July 2015, the underwriting agreement was terminated as the parties did not come to any agreement on the revised structure of the proposed Rights Issue and in light of the market sentiment. Details of the proposed Rights Issue were disclosed in the Company’s announcements dated 23 June 2015 and 6 July 2015, respectively.

Placing of new shares under general mandate

On 14 July 2015, the Company and the placing agent (“Placing Agent”) entered into a placing agreement under general mandate (“GM Placing Agreement”), pursuant to which the Company has conditionally agreed to offer for subscription and the Placing Agent agreed to procure, failing which, the Placing Agent itself would subscribe for 61,200,000 placing shares (“GM Placing Shares”) to not less than six placees at a price of HK$0.328 (“GM Placing Price”) per GM Placing Share in order to broaden the shareholders’ base and the capital base of the Company (“GM Placing”). The GM Placing Price of HK$0.328 per GM Placing Share represented (i) a discount of approximately 18.0% to the closing price of HK$0.400 per share as quoted on the Stock Exchange on 14 July 2015, being the date of the GM Placing Agreement; and (ii) a discount of approximately 8.9% to the average closing price of HK$0.360 per share as quoted on the Stock Exchange for the five consecutive trading days of the Company’s shares immediately prior to the date of the GM Placing Agreement. On 24 July 2015, the GM Placing was completed and the total of 61,200,000 new shares with an aggregate nominal value of approximately HK$0.6 million had been issued upon the Stock Exchange granting the listing of, and permission to deal in, the GM Placing Shares allotted and issued to not less than six placees pursuant to the GM Placing Agreement.

The Company received the net proceeds of approximately HK$19.2 million from the GM Placing, representing a net issue price of HK$0.314 per GM Placing Share, of which (i) approximately HK$9.2 million was used as intended for general working capital of the Group; and (ii) approximately HK$10.0 million was used as intended for Money Lending Business.

於二零一五年七月六日，由於訂約方並無就建議 供股之經修訂架構達成任何協議及鑑於當前市 場氣氛，包銷協議已經終止。建議供股之詳情於 本公司日期分別為二零一五年六月二十三日及 二零一五年七月六日之公告披露。

根據一般授權配售新股份

於二零一五年七月十四日，本公司與配售代理 （「配售代理」）根據一般授權訂立配售協議（「一 般授權配售協議」），據此，本公司已有條件同 意提呈以供認購，而配售代理已同意促使不少 於六名承配人以每股一般授權配售股份（「一般 授權配售股份」）0.328港元之價格（「一般授權 配售價」）認購61,200,000股配售股份，以擴闊 股東基礎及本公司資本基礎（「一般授權配售事 項」），倘一般授權配售股份未獲認購，則由配售 代理本身認購。每股一般授權配售股份0.328港 元之一般授權配售價較(i)股份於二零一五年七 月十四日（即一般授權配售協議日期）在聯交所 所報之收市價每股0.400港元折讓約18.0%；及 (ii)本公司股份於緊接一般授權配售協議日期前 之五個連續交易日在聯交所所報之平均收市價 每股0.360港元折讓約8.9%。於二零一五年七月 二十四日，於聯交所批准上市及買賣根據一般授 權配售協議配發及發行予不少於六名承配人之 一般授權配售股份後，一般授權事項已告完成及 合共總面值約為600,000港元之61,200,000股新 股份已獲發行。

本公司由一般授權配售事項獲得之所得款淨額 約為19,200,000港元（相當於淨發行價每股一般 授權配售股份0.314港元），其中(i)約9,200,000 港元擬用作本集團之一般營運資金；及 (ii)約 10,000,000港元擬用於放貸業務。

AMCO UNITED HOLDING LIMITED 18 Annual Report 2015

Management Discussion and Analysis 管理層討論及分析

Placing of new shares under specific mandate

根據特別授權配售新股份

In order to strengthen the financial position of the Group and provide working capital to the Group to meet future development and obligations, the Company and the Placing Agent entered into placing agreement under specific mandate (“SM Placing Agreement”) on 14 July 2015, pursuant to which, the Company conditionally agreed to place through the Placing Agent on a best endeavour basis, up to 612,900,000 placing shares (“SM Placing Shares”) to not less than six placees at a placing price of HK$0.328 (“SM Placing Price”) per SM Placing Share by 30 September 2015 (“SM Long Stop Date”) or such other date as the parties may agree in writing. Taking into consideration that the trading price of the Company’s shares on 31 August 2015 closed at HK$0.290 per share, which was below the original placing price of HK$0.328 per SM Placing Share, the Company and the Placing Agent entered into a supplemental agreement to the SM Placing Agreement on the same date (“Supplemental SM Placing Agreement”), pursuant to which the Company and the Placing Agent agreed to amend the placing price for the SM Placing from HK$0.328 per SM Placing Share to HK$0.230 per SM Placing Share (“New SM Placing Price”) to maintain the attractiveness of the SM Placing to the potential investors on 31 August 2015. Given that the Company wishes to maintain the funds to be raised by the Company under the SM Placing, the number of the SM Placing Shares has also been revised from 612,900,000 Shares to 874,100,000 Shares (“New SM Placing Shares”). The Company and the Placing Agent also agreed to amend the SM Long Stop Date from 30 September 2015 (or such other date as the Company and the Placing Agent may agree in writing) to 31 October 2015 (or such other date as the parties hereto may agree in writing). On 27 October 2015, the Company and the Placing Agent signed a confirmation letter whereby the parties agreed to extend the SM Long Stop Date from 31 October 2015 (or such other date as the Company and the Placing Agent may agree in writing) to 30 November 2015 (or such other date as the Company and the Placing Agent may agree in writing). The New SM Placing Price represented (i) a discount of approximately 20.69% to the closing price of HK$0.290 per share as quoted on the Stock Exchange on 31 August 2015, being the date of the Supplemental SM Placing Agreement; (ii) a discount of approximately 19.86% to the average closing price of HK$0.287 per share as quoted on the Stock Exchange for the five consecutive trading

為鞏固本集團之財務狀況及為本集團提供營運 資金以應付未來發展及責任，本公司與配售代理 於二零一五年七月十四日根據特別授權訂立配 售協議（「特別授權配售協議」），據此，本公司 已有條件同意於二零一五年九月三十日（「特別 授權最後截止日期」）之前或訂約雙方可能書面 協定之其他日期，透過配售代理盡力以每股特 別授權配售股份（「特別授權配售股份」）0.328 港元之配售價（「特別授權配售價」）配售最多 612,900,000股配售股份予不少於六名承配人。 經考慮本公司股份於二零一五年八月三十一日 收市之成交價為每股0.290港元（低於原配售價 每股特別授權配售股份0.328港元），本公司與 配售代理於同日訂立特別授權配售協議之補充 協議（「特別授權配售補充協議」），據此，本公 司與配售代理於二零一五年八月三十一日同意 將特別授權配售事項之配售價由每股特別授權 配售股份0.328港元修訂為每股特別授權配售股 份0.230港元（「新特別授權配售價」），以維持特 別授權配售事項對潛在投資者之吸引力。鑒於 本公司有意維持本公司根據特別授權配售事項 將予籌集之資金，故特別授權配售股份之數目 亦已由612,900,000股股份修訂為874,100,000 股股份（「新特別授權配售股份」）。本公司與配 售代理亦同意將特別授權最後截止日期由二零 一五年九月三十日（或本公司與配售代理可能以 書面協定之有關其他日期）修訂為二零一五年十 月三十一日（或訂約方可能以書面協定之有關 其他日期）。於二零一五年十月二十七日，本公 司與配售代理簽署一份確認函，據此，訂約方同 意將特定授權最後截止日期由二零一五年十月 三十一日（或本公司與配售代理可能以書面協定 之有關其他日期）延長至二零一五年十一月三十 日（或本公司與配售代理可能以書面協定之有關 其他日期）。新特別授權配售價較(i)股份於二零 一五年八月三十一日（即特別授權配售補充協議 日期）在聯交所所報之收市價每股0.290港元折

雋泰控股有限公司 2015 年報 19

Management Discussion and Analysis 管理層討論及分析

days of the Company’s shares prior to the date of the Supplemental SM Placing Agreement; and (iii) a discount of approximately 48.31% to the closing price of HK$0.445 per share as quoted on the Stock Exchange on 28 October 2015, being the latest practicable date of the circular of the SM Placing dated 2 November 2015. Completion of the new SM Placing was conditional upon (i) the Stock Exchange granting the listing of, and permission to deal in, all of the New SM Placing Shares to be placed pursuant to the Supplemental SM Placing Agreement; and (ii) the specific mandate being obtained at the SGM.

On 25 November 2015, all of the conditions were fulfilled and completion took place on 30 November 2015 with a total of 874,100,000 new shares with an aggregate nominal value of approximately HK$8.7 million issued on the same date. The Company received the net proceeds of approximately HK$194.5 million after deducting commission and placing expenses, of which approximately HK$110.1 million was used as intended as to (i) approximately HK$1.2 million for the general working capital of ACE Engineering; (ii) approximately HK$58.9 million for funding the remaining consideration of the acquisition of BFG; (iii) approximately HK$5.0 million for funding the deposit of the acquisition of 40% of the issued capital of Ultimate Elite; and (iv) HK$45.0 million would be utilized for funding the remaining consideration of such acquisition. The remaining net proceeds of approximately HK$84.4 million allocated for the business development of ACE Engineering had not been utilized and remained in the bank account of the Company.

Details of the GM Placing and the SM Placing are set out in the Company’s announcements dated 14 July 2015, 24 July 2015, 31 August 2015, 27 October 2015, 18 November 2015, 30 November 2015 and 17 December 2015, respectively and the Company’s circular dated 2 November 2015.

讓約20.69%；(ii)本公司股份於特別授權配售補 充協議日期前之五個連續交易日在聯交所所報 之平均收市價每股0.287港元折讓約19.86%；及 (iii)股份於二零一五年十月二十八日（即日期為 二零一五年十一月二日之特別授權配售事項通 函之最後實際可行日期）在聯交所所報之收市價 每股0.445港元折讓約48.31%。新特別授權配售 事項須待(i)聯交所批准上市及買賣根據補充特 別授權配售協議予以配售之所有新特別授權配 售股份；及(ii)於股東特別大會獲得特別授權後方 告完成。

於二零一五年十一月二十五日，所有條件已獲 達成並於二零一五年十一月三十日完成，並 於同日發行總面值約為8,700,000港元之合共 874,100,000股新股份。經扣除佣金及配售費用 後，本公司取得所得款項淨額約為194,500,000 港元，其中約110,100,000港元擬定用途為(i)約 1,200,000港元用作安迪工程之一般營運資金； (ii)約58,900,000港元用於撥付收購利元集團之 餘下代價；(iii)約5,000,000港元用於撥付收購 Ultimate Elite之40%已發行股本之按金；及(iv) 45,000,000港元將用於撥付有關收購事項之餘 下代價。餘下所得款項淨額約84,400,000港元分 配用於安迪工程業務發展尚未動用，仍存於本公 司之銀行賬戶。

一般授權配售事項及特別授權配售事項詳情載 於本公司日期分別為二零一五年七月十四日、二 零一五年七月二十四日、二零一五年八月三十一 日、二零一五年十月二十七日、二零一五年十一 月十八日、二零一五年十一月三十日及二零一五 年十二月十七日之公告以及本公司日期為二零 一五年十一月二日之通函內。

AMCO UNITED HOLDING LIMITED 20 Annual Report 2015

Management Discussion and Analysis 管理層討論及分析

Open Offer

公開發售

On 20 January 2016, the Company announced its proposal to raise funds by way of an open offer of one offer share for every two shares held by the qualifying shareholders at a subscription price of HK$0.13 per offer share (“Open Offer”). It was considered that the Group’s long term growth would be financed by way of equity fund raising which would not only strengthen the Group’s capital base but also enhance its financial position without increasing finance costs. The subscription price of HK$0.13 per offer share represented (i) a discount of approximately 67.5% to the closing price of HK$0.40 per share as quoted on the Stock Exchange on 20 January 2016; (ii) a discount of approximately 66.9% to the average closing price of HK$0.393 per share quoted on the Stock Exchange for the five trading days before 20 January 2016; and (iii) a discount of approximately 63.4% to the closing price of HK$0.355 per share as quoted on the Stock Exchange on 19 February 2016, being the latest practicable date of the prospectus of the Open Offer dated 23 February 2016.

於二零一六年一月二十日，本公司宣佈其擬透過 以認購價每股發售股份0.13港元按合資格股東 每持有兩股股份獲發一股發售股份之基準進行 公開發售（「公開發售」）之方式集資。據估計， 本集團長期發展所需資金將透過股權融資方式 撥付，這不僅可加強本集團資本基礎，亦鞏固本 集團財務狀況，而不會增加融資成本。認購價每 股發售股份0.13港元較(i)股份於二零一六年一月 二十日在聯交所所報之收市價每股0.40港元折 讓約67.5%；(ii)股份於二零一六年一月二十日 前五個交易日在聯交所所報之平均收市價每股 0.393港元折讓約66.9%；及(iii)股份於二零一六 年二月十九日（即日期為二零一六年二月二十三 日之公開發售章程之最後實際可行日期）在聯交 所所報之收市價每股0.355港元折讓約63.4%。

The Open Offer was fully-underwritten by Ample Orient Capital Limited (“Underwriter”) pursuant to the underwriting agreement dated 20 January 2016 entered into by and between the Company and Underwriter and was completed on 17 March 2016 with a total of 620,893,160 new shares with an aggregate nominal value of approximately HK$6.2 million issued on the same date, on the basis of 1,241,786,321 shares in issue on 22 February 2016, being the record date of the Open Offer. The estimated net proceeds, after deducting relevant expenses payable in relation to the Open Offer, amounted to approximately HK$77.4 million. The Board intended to apply the net proceeds from the Open Offer to develop and operate the Group’s Money Lending Business. The net price per offer share after deducting the related expenses of the Open Offer was approximately HK$0.12. Details of the Open Offer are set out in the Company’s announcements dated 20 January 2016, 11 February 2016 and 16 March 2016 and the Company’s prospectus dated 23 February 2016.

公開發售獲豐盛東方資本有限公司（「包銷商」） 根據本公司與包銷商於二零一六年一月二十日 訂立之包銷協議悉數包銷，並於二零一六年三月 十七日完成，於同日按於二零一六年二月二十二 日（即公開發售之記錄日期）之1,241,786,321股 已發行股份之基準發行總面值約為6,200,000港 元之合共620,893,160股新股份。於扣除就公開 發售應付之有關開支後，估計所得款項淨額約為 77,400,000港元。董事會擬將公開發售所得款項 淨額用於發展及經營本集團之放貸業務。於扣除 公開發售之有關開支後每股發售股份之淨價約 為0.12港元。公開發售之詳情載於本公司日期為 二零一六年一月二十日、二零一六年二月十一日 及二零一六年三月十六日之公告以及本公司日 期為二零一六年二月二十三日之章程內。

雋泰控股有限公司 2015 年報 21

Management Discussion and Analysis 管理層討論及分析

While it is still the intention of the Board to apply the unutilised balance of the net proceeds of approximately HK$77.4 million to operate the Group’s Money Lending Business as at the date of this annual report in case the Money Lending Business unit cannot agree on the terms of lending with its potential customers or the demand from customers is not to a level as expected by the management, the Board may apply such unutilised balance, in whole or in part, to invest in company or companies which are principally engaged in money lending and/or related business in Hong Kong. In the event of any such change in use of proceeds, the Company will make an announcement in accordance with the requirements of the Rules Governing the Listing Securities (“Listing Rules”) on the Stock Exchange.

Use of proceeds from Placing of New Shares under Specific Mandate in 2014 (“2014 SM Placing”)

Pursuant to the placing agreement under specific mandate signed on 24 March 2014 (“2014 SM Placing Agreement”), the Company conditionally agreed to place 175,160,000 new shares (“2014 SM Placing Shares”) at a placing price of HK$0.239 (“2014 SM Placing Price”) per 2014 SM Placing Share on a best endeavour basis, to not less than six placees in order to allow the Group to raise new equity without the burden of interest payment and to broaden the shareholders’ base and the capital base of the Company. The 2014 SM Placing Price represented (i) a discount of approximately 9.81% to the closing price of HK$0.265 per share as quoted on the Stock Exchange on 21 March 2014, being the trading day immediately prior to the date of the 2014 SM Placing Agreement; (ii) a discount of approximately 3.32% to the average closing price of HK$0.2472 per share as quoted on the Stock Exchange for the five consecutive trading days of the Company’s shares immediately prior to the date of the 2014 SM Placing Agreement; and (iii) a discount of approximately 30.72% to the closing price of HK$0.345 per share as quoted on the Stock Exchange on 30 May 2014, being of the latest practicable date of the circular of the 2014 SM Placing dated 4 June 2014. Completion of the 2014 SM Placing was conditional upon (i) the Stock Exchange granting the listing of, and permission to deal in, all of the 2014 SM Placing Shares to be placed pursuant to the 2014 SM Placing Agreement; and (ii) the specific mandate being obtained at the SGM held on 20 June 2014.

儘管截至本年報日期董事會仍有意將所得款項 淨額之未動用餘額約77,400,000港元用作經營 本集團放貸業務，倘放貸業務單位未能與潛在客 戶就放債條款達成一致或客戶之要求並未符合 管理層所預期之水平，董事會或會將該未動用餘 額全部或部分用於投資主要從事放貸及╱或相 關業務之香港公司。倘所得款項之用途有任何變 動，本公司將根據聯交所證劵上市規則（「上市 規則」）規定刊發公告。

根據二零一四年特別授權配售新股份 （「二零一四年特別授權配售事項」）之所 得款項用途

根據於二零一四年三月二十四日簽立之特別授權 配售協議（「二零一四年特別授權配售協議」）， 本公司有條件同意盡力按配售價每股二零一四 年特別授權配售股份0.239港元（「二零一四年 特別授權配售價」）配售175,160,000股新股份 （「二零一四年特別授權配售股份」）予不少於六 名承配人，以令本集團於並無利息付款負擔下籌 集新股本及擴闊本公司股東基礎及資本基礎。二 零一四年特別授權配售價較(i)股份於二零一四 年三月二十一日（即緊接二零一四年特別授權 配售協議日期前之交易日）在聯交所所報之收市 價每股0.265港元折讓約9.81%；(ii)本公司股份 於緊接二零一四年特別授權配售協議日期前之 五個連續交易日在聯交所所報之平均收市價每 股0.2472港元折讓約3.32%；及(iii)股份於二零 一四年五月三十日（即日期為二零一四年六月 四日之二零一四年特別授權配售事項通函之最 後實際可行日期）在聯交所所報之收市價每股 0.345港元折讓約30.72%。二零一四年特別授權 配售事項須待(i)聯交所批准上市及買賣根據二 零一四年特別授權配售協議予以配售之所有二 零一四年特別授權配售股份；及(ii)於二零一四年 六月二十日舉行之股東特別大會上獲得特別授 權後方告完成。

AMCO UNITED HOLDING LIMITED 22 Annual Report 2015

Management Discussion and Analysis 管理層討論及分析

On 30 June 2014, all conditions set out in the 2014 SM Placing Agreement were fulfilled, and completion of the 2014 SM Placing took place. The Company received the net proceeds of approximately HK$40.1 million which had been used as intended as to (i) approximately HK$9.4 million for the research and development of medical and/or healthcare products and services; (ii) approximately HK$2.9 million for the launch of new medical and/or healthcare products and services; (iii) approximately HK$2.3 million for the set up and development of e-commerce platform; (iv) approximately HK$5.5 million for the PR Business and the HR Business; (v) approximately HK$10 million for facilitating the tender of potential construction projects of ACE Engineering; and (vi) approximately HK$10 million for Money Lending Business.

於二零一四年六月三十日，二零一四年特別授權 配售協議所載之全部條件已獲達成及二零一四 年特別授權配售事項完成。本公司取得所得款 項淨額約40,100,000港元按擬定用途為：(i)約 9,400,000港元用於研究及開發醫療及╱或保健 產品及服務；(ii)約2,900,000港元用於推出新醫 療及╱或保健產品及服務；(iii)約2,300,000港元 用於建立及開發電子商貿平台；(iv)約5,500,000 港元用於公關業務及人力資源業務； (v) 約 10,000,000港元用於參與安迪工程潛在建造項 目之招標；及(vi)約10,000,000港元用於放貸業 務。

Details of the 2014 SM Placing are set out in the Company’s announcements dated 24 March 2014, 30 June 2014, 12 January 2015, 23 June 2015 and 17 December 2015, respectively and the Company’s circular dated 4 June 2014.

二零一四年特別授權配售事項之詳情載於本公 司日期分別為二零一四年三月二十四日、二零 一四年六月三十日、二零一五年一月十二日、二 零一五年六月二十三日及二零一五年十二月十七 日之公告以及本公司日期為二零一四年六月四 日之通函。

Debt structure

債務架構

As at 31 December 2015, the Group’s total borrowings from financial institutions were zero (as at 31 December 2014: HK$2.2 million). The Group’s total cash and bank balances amounted to approximately HK$184.2 million as at 31 December 2015, which increased approximately HK$121.6 million as compared to that of 2014 (as at 31 December 2014: HK$62.6 million).

於二零一五年十二月三十一日，本集團來自 金融機構之總借貸為零（於二零一四年十二 月三十一日：2,200,000港元）。於二零一五年 十二月三十一日，本集團之現金及銀行結餘總 額約為184,200,000港元，較二零一四年增加約 121,600,000港元（二零一四年十二月三十一 日：62,600,000港元）。

Working capital and liquidity

As at 31 December 2015, both of the Group’s current ratio and quick ratio were 6.5 (31 December 2014: 2.3). Inventory turnover on sales decreased to 5 days (31 December 2014: 21 days). Receivable turnover was 53 days (31 December 2014: 49 days).

營運資金及流動資金

於二零一五年十二月三十一日，本集團之流動比 率及速動比率皆為6.5（二零一四年十二月三十一 日：2.3）。存貨銷售周轉期減至5天（二零一四年 十二月三十一日：21天）。應收款項周轉期為53 天（二零一四年十二月三十一日：49天）。

Contingent liabilities and charges

As at 31 December 2015, the Group had not pledged any assets (31 December 2014: HK$1.6 million) to secure bank facilities and finance lease obligations. The Group had no material contingent liabilities as at 31 December 2015 and 2014.

或然負債及抵押

於二零一五年十二月三十一日，本集團並無 抵押任何資產（二零一四年十二月三十一日： 1,600,000港元），作為銀行信貸及融資租賃承 擔之擔保。於二零一五年及二零一四年十二月 三十一日，本集團並無重大或然負債。

雋泰控股有限公司 2015 年報 23

Management Discussion and Analysis 管理層討論及分析

Foreign Currency Exposure

The Group’s monetary assets, liabilities and transactions are mainly denominated in United States dollars, Renminbi and Hong Kong dollars. Since Hong Kong dollars are pegged to United States dollars and the exchange rate of Renminbi to Hong Kong dollars was relatively stable during the year, the Group’s exposure to the potential foreign currency risk was relatively limited.

EMPLOYEES AND REMUNERATION POLICIES

As at 31 December 2015, the Group’s employees number was 38 (31 December 2014: 36). The Group’s employees are remunerated largely based on their performance and experience, alongside with the current industry practices. Remuneration packages of employees include salaries, insurance, mandatory provident fund and share option scheme. Other employee benefits include medical cover, housing allowance and discretionary bonuses.

外幣風險

本集團之貨幣資產、負債及交易主要以美元、人 民幣及港元計值。由於港元與美元掛鈎，而人民 幣兌港元之匯率於年內相對穩定，因此，本集團 之潛在外幣風險相對有限。

僱員及薪酬政策

於二零一五年十二月三十一日，本集團僱員人數 為38人（二零一四年十二月三十一日：36人）。 本集團給予僱員之薪酬大致上按彼等之表現及 經驗而定，並參考行內目前慣例。僱員薪酬待遇 包括薪金、保險、強制性公積金及購股權計劃。 其他僱員福利包括醫療保障、房屋津貼及酌情花 紅。

AMCO UNITED HOLDING LIMITED 24 Annual Report 2015

Profile of Directors and Senior Management 董事及高級管理人員簡介

DIRECTORS

Executive Directors

Mr. YIP Wai Lun, Alvin , aged 53, joined the Company as Executive Director on 31 July 2009 and was first re-designated as Deputy Chairman and Deputy Managing Director of the Company on 2 March 2010, and subsequently re-designated as Chairman and Managing Director of the Company on 29 October 2010. He was appointed as the chairman of Nomination Committee on 1 April 2012. Mr. Yip, assuming leadership role of the Board, is responsible for formulating strategic plans, directing business development and overseeing daily management of the Group. Mr. Yip has over 25 years of experience as entrepreneur and key management in a variety of business, ranging from manufacturing and technology to transportation. He has also led in the formation and management of a number of joint ventures and partnership arrangement with multinational companies.

董事

執行董事

葉偉倫先生 ，五十三歲，於二零零九年七月 三十一日加入本公司為執行董事。彼先於二零一 零年三月二日調任為本公司副主席兼副董事總 經理，隨後於二零一零年十月二十九日調任為本 公司主席兼董事總經理。彼於二零一二年四月一 日獲委任為提名委員會主席。葉先生擔任領導董 事會角色，負責制定策略規劃、指導業務發展及 監察本集團之日常管理。葉先生於多個行業（涵 蓋製造及科技以至運輸等行業）擁有逾二十五年 作為企業家及主要管理人員之經驗。彼亦曾領導 與跨國公司成立及管理多間合資企業及合夥安 排。

Mr. CHENG Kin Chor , aged 39, joined the Group as a general manager in June 2014 and was appointed as Executive Director on 1 October 2014. He was appointed as a member of the Nomination Committee on 30 June 2015 and a member of Remuneration Committee on 9 November 2015. He is also a director of certain subsidiaries of the Company. Mr. Cheng obtained his Bachelor of Arts with honours from The Chinese University of Hong Kong in December 1998. He has over 13 years of experience in mass media, corporate communication and public relation planning, as well as provision of related consultation services. Prior to joining the Group, Mr. Cheng worked as an account director in a private public relation company from October 2003 to May 2014, being responsible for overseeing the account servicing team. Prior to this, he served as an editor and reporter for local magazine and newspapers from March 2001 to July 2003.

鄭堅楚先生 ，三十九歲，於二零一四年六月加入 本集團為總經理，並於二零一四年十月一日獲委 任為執行董事。彼於二零一五年六月三十日獲委 任為提名委員會成員及於二零一五年十一月九 日獲委任為薪酬委員會成員。彼亦為本公司若干 附屬公司之董事。鄭先生於一九九八年十二月自 香港中文大學取得榮譽文學士學位。彼於大眾傳 媒、企業傳訊及公共關係規劃以及提供相關顧問 服務方面具有逾十三年經驗。於加入本集團前， 鄭先生於二零零三年十月至二零一四年五月擔 任一間私人公關公司之客戶總監，負責監管客戶 服務團隊。此前，彼於二零零一年三月至二零零 三年七月擔任本地雜誌及報章之編輯及記者。

Mr. LEUNG Kelvin Ming Yuen , aged 37, joined the Company as Executive Director on 1 May 2015. He obtained his Bachelor of Science with honours from the University of Toronto in June 2008. Mr. Leung worked in Convoy Financial Services Limited in April 2008 and he was later transferred to Convoy Asset Management Limited since April 2009 until March 2010 and his last position was senior officer in portfolio management and strategy. Mr. Leung also served as a portfolio manager in AMTD Financial Planning Limited from August 2010 to March 2013. Mr. Leung worked as the head of research team in Round Table Family Service Limited from 2013 to 2014. Mr. Leung is currently a licensed person to carry out type 1 regulated activity (dealing in securities) and type 4 regulated activity (advising on securities) under the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

梁明遠先生 ，三十七歲，於二零一五年五月一日 加入本公司為執行董事。彼於二零零八年六月自 多倫多大學取得榮譽理學學士學位。梁先生於二 零零八年四月任職於康宏理財服務有限公司及 之後自二零零九年四月起轉至康宏資產管理有 限公司直至二零一零年三月為止，而彼之最後職 務為組合管理及策略之高級負責人。梁先生亦曾 自二零一零年八月至二零一三年三月擔任尚乘 財富策劃有限公司之組合經理。梁先生曾自二零 一三年至二零一四年擔任圓桌家族服務有限公 司之研究團隊主管。梁先生現時為根據證券及期 貨條例（香港法例第571章）可從事第1類受規管 活動（證券買賣）及第4類受規管活動（就證券提 供意見）之持牌人士。

雋泰控股有限公司 2015 年報 25

Profile of Directors and Senior Management 董事及高級管理人員簡介

DIRECTORS (continued)

Independent Non-executive Directors

Mr. WONG Siu Ki , aged 39, joined the Company as Independent Nonexecutive Director on 1 May 2015. He was appointed as the chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee on 30 June 2015. Mr. Wong graduated from the Hong Kong Polytechnic University with a bachelor’s degree in Accountancy with First Class Honours in November 1998. He is a fellow member of the Association of Chartered Certified Accountants, an associate of the Institute of Chartered Accountants in England and Wales and a fellow member of the Hong Kong Institute of Certified Public Accountants. Mr. Wong has more than 17 years of solid working experiences in corporate management, capital markets and the financial sector in Hong Kong and the People’s Republic of China. From 1997 to 2003, Mr. Wong worked in an international accounting firm specialising in client’s initial public offerings. From 2004 to 2007, Mr. Wong was appointed as the chief financial officer and company secretary of Eagle Brand Holdings Limited, a company listed on the main board of the Stock Exchange of Singapore. From 2007 to 2010, Mr. Wong was appointed as the chief financial officer and company secretary of Xingfa Aluminum Holdings Limited (“Xingfa”), the shares of which are listed on the Main Board of the Stock Exchange (Stock code: 98). From 2010 to 2012, Mr. Wong was appointed as a non-executive director of Xingfa and since December 2012, Mr. Wong has been an alternate director and an alternate authorised representative under Rule 3.05 of the Listing Rules to an executive director and the chairman of the board of Xingfa. Mr. Wong has also been the chief investment officer of Xingfa since 27 April 2015. Since December 2013, Mr. Wong has been served as an independent non-executive director of Major Holdings Limited, whose shares are listed on the Main Board of the Stock Exchange (Stock code: 1389).

董事 （續）

獨立非執行董事

黃兆麒先生 ，三十九歲，於二零一五年五月一日 加入本公司為獨立非執行董事。彼於二零一五年 六月三十日獲委任為審核委員會主席及提名委 員會及薪酬委員會之成員。彼於一九九八年十一 月畢業於香港理工大學，獲會計學一級榮譽學士 學位。彼為英國特許公認會計師公會資深會員、 英格蘭及威爾斯特許會計師公會會員及香港會 計師公會資深會員。黃先生於香港及中華人民共 和國之企業管理、資本市場及金融領域擁有超過 十七年堅實工作經驗。黃先生於一九九七年至二 零零三年在一家國際會計師行工作，專門負責客 戶之上市工作。自二零零四年至二零零七年期 間，黃先生獲委任為鷹牌控股有限公司（一家於 新加坡證券交易所主板上市之公司）之財務總監 及公司秘書。自二零零七年至二零一零年期間， 黃先生獲委任為股份於聯交所主板上市之興發 鋁業控股有限公司（「興發」）（股份代號：98）之 財務總監兼公司秘書。自二零一零年至二零一二 年期間，黃先生獲委任為興發之非執行董事，而 自二零一二年十二月起，黃先生擔任興發執行董 事兼董事會主席之替任董事及替任授權代表（根 據上市規則第3.05條）。黃先生亦自二零一五年 四月二十七日起擔任興發之投資總監。自二零 一三年十二月起，黃先生擔任股份於聯交所主板 上市之美捷匯控股有限公司（股份代號：1389） 之獨立非執行董事。

AMCO UNITED HOLDING LIMITED 26 Annual Report 2015

Profile of Directors and Senior Management 董事及高級管理人員簡介

DIRECTORS (continued)

Independent Non-executive Directors (continued)

董事 （續）

獨立非執行董事 （續）

Mr. CHAN Ngai Sang Kenny , aged 51, joined the Company as an independent non-executive Director on 30 June 2015. He was appointed as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee on 30 June 2015. He is a partner and founder of Kenny Chan & Co., a firm of Certified Public Accountants (Practising). Mr. Chan has over 25 years of experience in accounting, taxation, auditing and corporate finance and was involved in several merger and acquisition and initial public offering projects. Mr. Chan holds a Bachelor of Commerce degree in Accounting and Finance from The University of New South Wales and is a fellow member of The Association of International Accountants, an Associate Chartered Accountant of the Institute of Chartered Accountants of New Zealand, a Certified Practising Accountant of CPA Australia, a fellow of the Hong Kong Institute of Certified Public Accountants and an Associate of the Taxation Institute of Hong Kong. Mr. Chan has served as the President of The Association of International Accountants Hong Kong Branch from July 2012 to June 2015 and has been accredited as an Authorised Supervisor of the Hong Kong Institute of Certified Public Accountants. He served as the District Governor of Lions Clubs International District 303 – Hong Kong & Macao, China in the year 2009/2010. Mr. Chan also serves as a panel member of the Mandatory Provident Fund Schemes Appeal Board, a committee member of the Tsuen Wan District Fight Crime Committee and a Honorary President of the Tsuen Wan District Junior Police Call. Mr. Chan is an independent non-executive director of each of TSC Group Holdings Limited (stock code: 206), a company listed on the Main Board of the Stock Exchange, Combest Holdings Limited (stock code: 8190), a company listed on the Growth Enterprise Market of the Stock Exchange, Convoy Financial Holdings Limited (stock code: 1019), a company listed on the Main Board of the Stock Exchange, and WLS Holdings Limited (stock code: 8021), a company listed on the Growth Enterprise Market of the Stock Exchange.

陳毅生先生 ，五十一歲，於二零一五年六月三十 日加入本公司擔任獨立非執行董事。彼於二零 一五年六月三十日獲委任為薪酬委員會主席及 審核委員會及提名委員會之成員。彼為註冊執業 會計師行陳毅生會計師事務所之合夥人兼創辦 人。陳先生於會計、稅務、審計及企業融資方面 擁有逾二十五年經驗，曾參與多項併購及首次公 開發售項目。陳先生持有新南威爾斯大學會計及 金融商學士學位，並為國際會計師公會資深會 員、紐西蘭特許會計師協會特許會計師、澳洲會 計師公會註冊執業會計師、香港會計師公會資深 會員及香港稅務學會會員。陳先生自二零一二年 七月至二零一五年六月出任國際會計師公會香 港分會會長，並獲認可為香港會計師公會認可監 督。彼曾任國際獅子總會中國港澳三零三區二零 零九╱二零一零年度總監。陳先生亦出任強制性 公積金計劃上訴委員會委員、荃灣區撲滅罪行委 員會委員及荃灣區少年警訊名譽會長。陳先生為 聯交所主板上市公司TSC集團控股有限公司（股 份代號：206）、聯交所創業板上市公司康佰控股 有限公司（股份代號：8190）、聯交所主板上市 公司康宏金融控股有限公司（股份代號：1019） 及聯交所創業板上市公司滙隆控股有限公司（股 份代號：8021）之獨立非執行董事。

雋泰控股有限公司 2015 年報 27

Profile of Directors and Senior Management 董事及高級管理人員簡介

DIRECTORS (continued)

Independent Non-executive Directors (continued)

Mr. LI Kwok Fat , aged 40, joined the Company as an independent nonexecutive Director on 30 June 2015. He was appointed as a member of each of the Audit Committee and the Nomination Committee on 30 June 2015. He obtained his Bachelor of Arts in Accountancy from The City University of Hong Kong in November 1998 and his Master of Finance (Investment Management) from The Hong Kong Polytechnic University in November 2010. Mr. Li worked as accountant in an audit firm from February 1999 to March 2001. He has over 15 years of experience in accounting, financial management and compliance gained through servicing several companies listed on the Main Board and the Growth Enterprise Market of Stock Exchange. Mr. Li is currently the company secretary and the chief financial controller of Code Agriculture (Holdings) Limited (stock code: 8153), a company listed on the Growth Enterprise Market of the Stock Exchange.

Mr. Li was admitted as a member of the Association of Chartered Certified Accountants in May 2003 and a member of the Hong Kong Institute of Certified Public Accountants in January 2005.

SENIOR MANAGEMENT

Ms. YAM Wai Wah Jenny , aged 45, is the financial controller of the Group. Ms. Yam is responsible for overseeing the financial reporting, financial management and internal control of the Group. Ms. Yam holds a bachelor’s degree of Accounting and Financial Analysis from the University of Warwick in United Kingdom. She is a fellow member of the Association of Chartered Certified Accountants and a Certified Public Accountant of the Hong Kong Institute of Certified Public Accountants. Ms. Yam has over 20 years of experience in accounting, auditing and financial management and previously worked in an auditing firm and several listed multinational corporations. She joined the Group in July 2012.

董事 （續）

獨立非執行董事 （續）

李國發先生 ，四十歲，於二零一五年六月三十日 加入本公司擔任獨立非執行董事。彼於二零一五 年六月三十日獲委任為審核委員會及提名委員 會之成員。彼於一九九八年十一月取得香港城市 大學會計學文學士學位，並於二零一零年十一月 獲得香港理工大學財務（投資管理）碩士學位。 李先生自一九九九年二月至二零零一年三月為 核數師行之會計師。彼曾於聯交所主板及創業板 上市之多間公司工作，在會計、財務管理及合規 方面擁有逾十五年經驗。李先生現時擔任聯交所 創業板上市公司科地農業控股有限公司（股份代 號：8153）之公司秘書及財務總監。

李先生於二零零三年五月成為英國特許公認會 計師公會會員，並於二零零五年一月成為香港會 計師公會會員。

高級管理人員

任慧華女士 ，四十五歲，為本集團之財務總監。 任女士負責監督本集團之財務報告、財務管理及 內部監控。任女士持有英國華威大學之會計及金 融分析學士學位。彼為英國特許公認會計師公會 資深會員及香港會計師公會會計師。任女士於 會計、審計及財務管理方面擁有逾二十年經驗， 且曾任職一間核數師事務所及多間跨國上市企 業。彼於二零一二年七月加入本集團。

AMCO UNITED HOLDING LIMITED 28 Annual Report 2015

Corporate Governance Report 企業管治報告

CORPORATE GOVERNANCE PRACTICES

The Board has always recognised the importance of shareholders’ accountability and transparency and is committed to maintaining high standards of corporate governance. The Company has complied with all code provisions of the Corporate Governance Code (“CG Code”) throughout the year ended 31 December 2015 as set out in Appendix 14 of the Listing Rules, except for certain deviations disclosed herein.

DIRECTORS’ SECURITIES TRANSACTIONS

The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers (“Model Code”) set out in Appendix 10 to the Listing Rules as the code of conduct regarding securities transactions by its Directors. Having made specific enquiry, all Directors have confirmed that they have fully complied with the required standard set out in the Model Code during the year ended 31 December 2015.

BOARD OF DIRECTORS

The Board is responsible for the leadership and control of the Group and oversees the Group’s businesses, strategic decisions and performance. The Board has delegated the day-to-day responsibility to the Executive Directors and senior management who perform their duties under the leadership of the Managing Director.

As at 31 December 2015, the Board comprised three Executive Directors, namely, Mr. Yip Wai Lun, Alvin (Chairman and Managing Director of the Company), Mr. Cheng Kin Chor and Mr. Leung Kelvin Ming Yuen; and three Independent Non-executive Directors, namely, Mr. Wong Siu Ki, Mr. Chan Ngai Sang Kenny and Mr. Li Kwok Fat.

企業管治常規

董事會肯定對股東之問責性及透明度之重要性， 並致力於維持高水準之企業管治。截至二零一五 年十二月三十一日止整個年度，本公司一直遵守 上市規則附錄十四所載之企業管治守則（「企業 管治守則」）之所有守則條文，惟本報告所披露 之若干偏離則除外。

董事之證券交易

本公司已採納上市規則附錄十所載之上市發行 人董事進行證券交易的標準守則（「標準守則」） 作為董事進行證券交易之行為守則。經作出特定 查詢後，全體董事已確認彼等於截至二零一五年 十二月三十一日止年度全面遵守標準守則規定 之標準。

董事會

董事會負責領導及管理本集團，並監督本集團之 業務、決策及表現。董事會已將日常責任授權執 行董事及高級管理人員處理，而彼等於董事總經 理領導下履行職責。

於二零一五年十二月三十一日，董事會由三名 執行董事葉偉倫先生（本公司主席兼董事總經 理）、鄭堅楚先生及梁明遠先生；及三名獨立非 執行董事黃兆麒先生、陳毅生先生及李國發先生 組成。

雋泰控股有限公司 2015 年報 29

Corporate Governance Report 企業管治報告

BOARD OF DIRECTORS (continued)

The Board schedules at least four regular meetings a year and also meets as and when required. During the year, the Board held twenty meetings. The Company Secretary assisted the Chairman and the Executive Directors in establishing the meeting agenda, and each Director was able to request inclusion of items in the agenda. All such meetings were convened in accordance with the Bye-laws of the Company. Under code provision A.1.3 of the CG Code, notice of at least 14 days should be given of a regular board meeting to give all directors an opportunity to attend. During the year, certain Board meetings were convened with less than 14 days’ notice to enable the Board members to react timely and make expeditious decisions in respect of urgent corporate transaction and general business update which was significant in nature. As a result, the Board meeting was held with a shorter notice period than required with the consent of the Directors. The Board will do its best endeavour to meet the requirement of code provision A.1.3 of the CG Code in the future. Adequate and appropriate information are circulated to the Directors normally three days in advance of Board meetings or such period accepted by them. In addition to regular Board meetings, the Chairman of the Board held a meeting with the Independent Nonexecutive Directors without the presence of the Executive Directors during the year.

Minutes of all Board and committee meetings are kept by the Company Secretary and are open for inspection by the Directors. Draft minutes of all Board and committee meetings are circulated to all Directors and committee members for comments within the period accepted by them after each meeting.

During the year, the Board at all times met the requirements under Rule 3.10 of the Listing Rules relating to the appointment of at least three Independent Non-executive Directors with at least one of them possessing appropriate professional qualifications, or accounting or related financial management expertise.

All Independent Non-executive Directors are appointed for specific term.

董事會 （續）

董事會計劃每年舉行至少四次定期會議並於有 需要時開會。年內，董事會舉行二十次會議。公 司秘書協助主席及執行董事編製會議議程，各董 事可要求於議程中加入項目。所有該等會議均根 據本公司之公司細則召開。根據企業管治守則之 守則條文第A.1.3條，召開董事會定期會議應發 出至少十四天通知，以讓所有董事皆有機會騰空 出席。年內，本公司召開若干董事會會議，通知 期少於十四天，以便董事會成員就性質重大之緊 急公司交易及一般業務最新發展及時作出回應 及迅速決策。因此，董事會會議於董事同意下以 較規定期間為短之通知期舉行。日後董事會將 盡力符合企業管治守則之守則條文第A.1.3條規 定。一般在董事會會議舉行前三天或董事接受之 期間向彼等傳閱充足及適用資料。除定期董事會 會議外，年內，董事會主席曾在執行董事避席之 情況下與獨立非執行董事舉行一次會議。

所有董事會及委員會會議之會議紀錄均由公司 秘書保存且可供董事查閱。所有董事會及委員會 會議之會議紀錄草擬本均於會每次會議結束後 全體董事及委員會成員接納之期間內寄發予彼 等作評論。

年內，董事會一直遵守上市規則第3.10條有關委 任至少三名獨立非執行董事之規定，其中至少一 名獨立非執行董事具備適合專業資格或會計或 相關財務管理專門技能。

所有獨立非執行董事均有指定任期。

AMCO UNITED HOLDING LIMITED 30 Annual Report 2015

Corporate Governance Report 企業管治報告

BOARD OF DIRECTORS (continued)

The Company has received annual confirmations of independence from Mr. Wong Siu Ki, Mr. Chan Ngai Sang Kenny and Mr. Li Kwok Fat pursuant to Rule 3.13 of the Listing Rules and considers them to be independent.

Given the nature and business objective of the Company, the Board has a balance of skill and experience appropriate for the requirements of the business of the Company. The list of current Directors and their respective biographies are set out on pages 25 to 28 of this annual report.

Pursuant to Bye-law 87 of the Bye-laws of the Company, one-third of the Directors shall retire by rotation at each annual general meeting (“AGM”) of the Company provided that every Director shall be subject to retirement at the AGM at least once every three years. All retiring Directors shall be eligible for re-election.

The Board members have no financial, business, family or other material/ relevant relationships with each other. Such balanced Board composition is formed to ensure strong independence exists across the Board and has more than one-third in number of its members comprising Independent Non-executive Directors.

All Directors have given sufficient time and attention to the affairs of the Group. Each Executive Director is suitably qualified for his/her position, and has sufficient experience to hold the position so as to carry out his/ her duties effectively and efficiently.

董事會 （續）

本公司已收到黃兆麒先生、陳毅生先生及李國發 先生根據上市規則第3.13條發出之年度獨立性 確認函，亦認同彼等具有獨立地位。

董事會已根據本公司性質及業務目標，維持適合 本公司業務需要之均衡技能及經驗。現任董事名 單及彼等各自之簡歷載於本年報第25頁至第28 頁。

根據本公司之公司細則第87條，三分之一之董 事須於本公司每屆股東週年大會（「股東週年大 會」）上輪值退任，惟每名董事須至少每三年於 股東週年大會上退任一次。所有退任董事均合資 格膺選連任。

董事會成員之間並無財務、業務、家族或其他重 大╱相關關係。董事會之均衡組成可確保整個董 事會具有高度獨立性，其超過三分之一成員由獨 立非執行董事組成。

所有董事均為本集團事務投入充足時間及精力。 各執行董事均具備合適資格及豐富經驗，能勝任 其職位並可有效及高效地履行其職責。

雋泰控股有限公司 2015 年報 31

Corporate Governance Report 企業管治報告

BOARD OF DIRECTORS (continued)

董事會 （續）

The attendance of each individual Director at the Board meetings, the AGM held on 30 June 2015 and the SGMs held on 27 April 2015, 18 November 2015 and 21 December 2015 respectively are as follow:

各個別董事出席董事會會議、於二零一五年六月 三十日舉行之股東週年大會及分別於二零一五 年四月二十七日、二零一五年十一月十八日及二 零一五年十二月二十一日舉行之股東特別大會 之情況如下：

			Attended/Eligible to attend	Attended/Eligible to attend
			出席╱合資格出席
		Board
		Meetings	AGM	SGMs
Executive Directors	執行董事	董事會會議	股東週年大會	股東特別大會
Mr. Yip Wai Lun, Alvin	葉偉倫先生	19/20	0/1	1/4
(Chairman and Managing Director)	（主席兼董事總經理）
Mr. Cheng Kin Chor	鄭堅楚先生	20/20	1/1	4/4
Mr. Leung Kelvin Ming Yuen (Note 1)	梁明遠先生（附註1）	17/17	1/1	3/3
Ms. Leung Mei Han (Note 2)	梁美嫻女士（附註2）	18/18	0/1	1/1
Independent Non-executive Directors	獨立非執行董事
Mr. Wong Siu Ki (Note 3)	黃兆麒先生（附註3）	17/17	1/1	1/3
Mr. Chan Ngai Sang Kenny (Note 4)	陳毅生先生（附註4）	10/14	0/0	1/3
Mr. Li Kwok Fat (Note 5)	李國發先生（附註5）	12/14	0/0	3/3
Mr. Leung Ka Kui, Johnny (Note 6)	梁家駒先生（附註6）	2/5	0/1	0/1
Mr. Chan Kam Kwan, Jason (Note 7)	陳錦坤先生（附註7）	5/5	0/1	1/1
Mr. Lau Man Tak (Note 8)	劉文德先生（附註8）	4/5	0/1	0/1

Notes:

附註：

1. Mr. Leung Kelvin Ming Yuen was appointed as an Executive Director on 1 May 2015 and there were 17 Board meetings held after his appointment.

2. 梁明遠先生於二零一五年五月一日獲委任為 執行董事及於其獲委任後曾舉行十七次董事 會會議。

3. Ms. Leung Mei Han resigned as an Executive Director on 9 November 2015.

4. 梁美嫻女士於二零一五年十一月九日辭任執 行董事。

5. Mr. Wong Siu Ki was appointed as an Independent Non-executive Director on 1 May 2015 and there were 17 Board meetings held after his appointment.

6. 黃兆麒先生於二零一五年五月一日獲委任為 獨立非執行董事及於其獲委任後曾舉行十七 次董事會會議。

AMCO UNITED HOLDING LIMITED 32 Annual Report 2015

Corporate Governance Report 企業管治報告

BOARD OF DIRECTORS (continued)

Notes: (continued)

1. Mr. Chan Ngai Sang Kenny was appointed as an Independent Non-executive Director on 30 June 2015 and there were 14 Board meetings held after his appointment.

2. Mr. Li Kwok Fat was appointed as an Independent Non-executive Director on 30 June 2015 and there were 14 Board meetings held after his appointment.

3. Mr. Leung Ka Kui, Johnny retired as an Independent Non-executive Director on 30 June 2015.

4. Mr. Chan Kam Kwan, Jason resigned as an Independent Non-executive Director on 30 June 2015.

5. Mr. Lau Man Tak retired as an Independent Non-executive Director on 30 June 2015.

According to the code provision E.1.2 of the CG Code, the chairman of the board should attend the annual general meeting. Mr. Yip Wai Lun, Alvin, the Chairman of the Company, was unable to attend the AGM and the SGMs held on 18 November 2015 and 21 December 2015 due to his other business engagements.

According to the code provision A.6.7 of the CG Code, all independent non-executive directors and non-executive directors should attend general meetings of listed issuers. Mr. Leung Ka Kui, Johnny and Mr. Lau Man Tak, the former Independent Non-executive Directors, were unable to attend the AGM and the SGM held on 27 April 2015 due to their other business engagements. Mr. Chan Kam Kwan, Jason, the former Independent Non-executive Director, was unable to attend the AGM due to his other business engagements. Mr. Chan Ngai Sang Kenny and Mr. Li Kwok Fat, the Independent Non-executive Directors, were unable to attend the SGMs held on 21 December 2015 due to their other business engagements.

董事會 （續）

附註：（續）

1. 陳毅生先生於二零一五年六月三十日獲委任為 獨立非執行董事及於其獲委任後曾舉行十四 次董事會會議。

2. 李國發先生於二零一五年六月三十日獲委任為 獨立非執行董事及於其獲委任後曾舉行十四 次董事會會議。

3. 梁家駒先生於二零一五年六月三十日退任獨 立非執行董事。

4. 陳錦坤先生於二零一五年六月三十日辭任獨 立非執行董事。

5. 劉文德先生於二零一五年六月三十日退任獨 立非執行董事。

根據企業管治守則之守則條文第E.1.2條，董事 會主席應出席股東週年大會。本公司主席葉偉 倫先生因另有業務安排而未能出席股東週年大 會及於二零一五年十一月十八日及二零一五年 十二月二十一日舉行之股東特別大會。

根據企業管治守則之守則條文第A.6.7條，所有 獨立非執行董事及非執行董事應出席上市發行 人之股東大會。前獨立非執行董事梁家駒先生及 劉文德先生因另有業務安排而未能出席股東週 年大會及於二零一五年四月二十七日舉行之股 東特別大會。前獨立非執行董事陳錦坤先生因其 另有業務安排未能出席股東週年大會。獨立非執 行董事陳毅生先生及李國發先生因彼等另有業 務安排未能出席於二零一五年十二月二十一日 舉行之股東特別大會。

雋泰控股有限公司 2015 年報 33

Corporate Governance Report 企業管治報告

BOARD OF DIRECTORS (continued)

Directors’ Training and Continuous Professional Development

During the year, the newly appointed Directors were given an induction after their appointment so as to ensure that they had appropriate understanding of the Group’s business and of their duties and responsibilities under the Listing Rules and the relevant statutory and regulatory requirements. The Company provides regular updates on the business performance of the Group to the Directors. The Directors are continually updated on the latest development regarding the Listing Rules and other applicable statutory requirements to ensure compliance and upkeeping of good corporate governance practices.

The Directors are encouraged to participate in continuing professional development to develop and refresh knowledge and skills. The Company has maintained a training record in order to assist the Directors to record the training that they have undertaken and they are asked to submit a training record to the Company on annual basis.

During the year, each of the individual Directors has attended training courses or workshops or read materials relevant to his/her professional and/or duties as Director.

董事會 （續）

董事培訓及持續專業發展

年內，新委任之董事將於彼等獲委任後獲安排入 職簡介，以確保彼等能根據上市規則以及相關法 定及監管規定適當掌握本集團之業務及彼等之 職責及責任。本公司定期向董事更新本集團之業 務表現資料。董事持續獲得有關上市規則及其他 適用法定規定之最新發展資料，以確保符合及維 持良好企業管治常規。

本公司鼓勵董事參與持續專業發展，以發展並更 新其知識及技能。本公司保存培訓記錄用以協助 董事記錄彼等所參與之培訓課程，並已要求董事 按年向本公司提交培訓記錄。

年內，各個別董事已參加與其專業及╱或身為董 事之職責相關之培訓課程或工作坊或閱讀相關 資料。

AMCO UNITED HOLDING LIMITED 34 Annual Report 2015

Corporate Governance Report 企業管治報告

BOARD OF DIRECTORS (continued)

Directors’ Training and Continuous Professional

董事會 （續）

董事培訓及持續專業發展 （續）

Development (continued)

The individual training record of each Director received for the year ended 31 December 2015 is summarised below:

已收到各董事截至二零一五年十二月三十一日 止年度之個別培訓記錄概述如下：

		Course/Seminar
		provided/
		accredited
		by Professional	Reading
		Body	materials
		專業機構提供╱
		認可之課程╱
Directors	董事	研討會	閱讀資料
Executive Directors	執行董事
Mr. Yip Wai Lun, Alvin	葉偉倫先生	–	✔
Mr. Cheng Kin Chor	鄭堅楚先生	✔	–
Mr. Leung Kelvin Ming Yuen	梁明遠先生（於二零一五年	✔	–
(appointed on 1 May 2015)	五月一日獲委任）
Ms. Leung Mei Han	梁美嫻女士（於二零一五年	✔	–
(resigned on 9 November 2015)	十一月九日辭任）
Independent Non-executive Directors	獨立非執行董事
Mr. Wong Siu Ki	黃兆麒先生（於二零一五年	✔	–
(appointed on 1 May 2015)	五月一日獲委任）
Mr. Chan Ngai Sang Kenny	陳毅生先生（於二零一五年	✔	–
(appointed on 30 June 2015)	六月三十日獲委任）
Mr. Li Kwok Fat	李國發先生（於二零一五年	✔	✔
(appointed on 30 June 2015)	六月三十日獲委任）
Mr. Leung Ka Kui, Johnny	梁家駒先生（於二零一五年	✔	–
(retired on 30 June 2015)	六月三十日退任）
Mr. Chan Kam Kwan, Jason	陳錦坤先生（於二零一五年	✔	–
(resigned on 30 June 2015)	六月三十日辭任）
Mr. Lau Man Tak	劉文德先生（於二零一五年	✔	–
(retired on 30 June 2015)	六月三十日退任）

All Directors also understand the importance of continuous professional development and they are committed to participating any suitable training to develop and refresh their knowledge and skills.

全體董事亦知悉持續專業發展之重要性，並致力 於參與任何合適培訓以發展並更新彼等之知識 及技能。

雋泰控股有限公司 2015 年報 35

Corporate Governance Report 企業管治報告

BOARD OF DIRECTORS (continued)

Corporate Governance Functions

The Board is also responsible for performing the corporate governance duties as set out below:

• (a) To develop and review the Company’s policies and practices on corporate governance;

• (b) To review and monitor the training and continuous professional development of Directors and senior management;

• (c) To review and monitor the Company’s policies and practices on compliance with legal and regulatory requirements;

• (d) To develop, review and monitor the code of conduct and compliance manual (if any) applicable to Directors and employees; and

• (e) To review the Company’s compliance with the CG Code and disclosure in the Corporate Governance Report.

Directors’ and Officers’ Liability Insurance and Indemnity

To indemnify Directors and officers of the Company against all costs, charges, losses, expenses and liabilities incurred by them in the execution of and discharge of their duties or in relation thereto, the Company has arranged insurance cover for this purpose.

董事會 （續）

企業管治職能

董事會亦負責履行以下所載之企業管治職責：

• (a) 制定及檢討本公司之企業管治政策及常 規；

• (b) 檢討及監察董事及高級管理人員之培訓及 持續專業發展；

• (c) 檢討及監察本公司在遵守法律及監管規定 方面之政策及常規；

• (d) 制定、檢討及監察適用於董事及僱員之行 為準則及合規手冊（如有）；及

• (e) 檢討本公司遵守企業管治守則之情況及於 企業管治報告所作之披露。

董事及高級職員之責任保險及彌償

為彌償董事及本公司高級職員因執行及履行彼 等之職責所產生或與之有關之所有費用、收費、 損失、開支及負債，本公司已就此安排投保。

AMCO UNITED HOLDING LIMITED 36 Annual Report 2015

Corporate Governance Report 企業管治報告

CHAIRMAN AND CHIEF EXECUTIVE

Under code provision A.2.1 of the CG Code, the roles of chairman and the chief executive should be separate and should not be performed by the same individual.

Mr. Yip Wai Lun, Alvin was the Chairman and Managing Director of the Company (the Company regards the role of its managing director to be the same as that of chief executive under the CG Code) during the year ended 31 December 2015. During the year under review, the Group has been streamlining its operations, including business development, operation efficiency and financial management. The Board considers that it would be in the best interest of the Shareholders that the roles of the Chairman and the Managing Director of the Company be combined to enable a strong and dedicated leadership to reposition the Company and implement effective measures to improve Shareholders’ value. In this light, the Company has maintained Mr. Yip Wai Lun, Alvin as the Chairman and the Managing Director of the Company. The Company will review the current structure when and as it becomes appropriate.

REMUNERATION COMMITTEE

The Remuneration Committee was established with a specific written terms of reference. The terms of reference of the Remuneration Committee are available on the websites of the Stock Exchange and the Company.

T h e R e m u n e r a t i o n C o m m i t t e e i s re s p o n s i b l e f o r m a k i n g recommendations to the Board on, among other things, the Company’s policy and structure for the remuneration of all Directors and senior management of the Company. No individual director is involved in decisions relating to his/her own remuneration. The Remuneration Committee has adopted the model under code provision B.1.2(c)(ii) of the CG Code to make recommendations to the Board on the remuneration packages of individual Executive Directors and senior management.

主席及行政總裁

根據企業管治守則之守則條文第A.2.1條，主席 及行政總裁之職責須分開，並不應由同一人士擔 任。

截至二零一五年十二月三十一日止年度，葉偉倫 先生同時擔任本公司主席兼董事總經理（本公 司視其董事總經理一職相當於企業管治守則所 指之行政總裁）。於回顧年度內，本集團一直精 簡業務，包括業務發展、營運效率及財務管理。 董事會認為本公司主席與董事總經理之職務合 併符合股東之最佳利益，此舉有助於通過強大及 貫徹的領導將本公司重新定位並實施有效措施 以提升股東價值。有鑑於此，本公司已由葉偉倫 先生繼續擔任本公司主席兼董事總經理。本公司 將於適當時候檢討目前架構。

薪酬委員會

本公司已設立薪酬委員會，並已訂立特定書面職 權範圍。薪酬委員會之職權範圍可於聯交所及本 公司網站查閱。

薪酬委員會負責向董事會提出有關（其中包括） 本公司所有董事及高級管理人員薪酬政策及架 構之建議。概無董事參與釐定其本身之薪酬。 薪酬委員會已採納企業管治守則之守則條文第 B.1.2(c)(ii)條所述之模式，就個別執行董事及高 級管理人員之薪酬待遇向董事會提出建議。

雋泰控股有限公司 2015 年報 37

Corporate Governance Report 企業管治報告

REMUNERATION COMMITTEE (continued)

薪酬委員會 （續）

The Remuneration Committee comprises three Directors, a majority of whom are Independent Non-executive Directors. During the year, the Remuneration Committee held three meetings.

薪酬委員會由三名董事組成，當中大多數為獨立 非執行董事。年內，薪酬委員會舉行三次會議。

The members of the Remuneration Committee and the attendance of each member during the year are as follows:

年內，薪酬委員會成員及各成員之出席情況如 下：

		Attended/
		Eligible to attend
Independent Non-executive Directors	獨立非執行董事	出席╱合資格出席
Mr. Chan Ngai Sang Kenny (Chairman)	陳毅生先生（主席）	1/3
(appointed as chairman on 30 June 2015)	（於二零一五年六月三十日獲委任為主席）
Mr. Wong Siu Ki	黃兆麒先生	3/3
(appointed as member on 30 June 2015)	（於二零一五年六月三十日獲委任為成員）
Mr. Leung Ka Kui, Johnny (Former Chairman)	梁家駒先生（前主席）	2/2
(ceased as chairman on 30 June 2015)	（於二零一五年六月三十日辭任主席職務）
Mr. Lau Man Tak	劉文德先生	1/2
(ceased as member on 30 June 2015)	（於二零一五年六月三十日辭任成員職務）
Executive Directors	執行董事
Mr. Cheng Kin Chor	鄭堅楚先生	2/2
(appointed as member on 9 November 2015)	（於二零一五年十一月九日獲委任為成員）
Ms. Leung Mei Han	梁美嫻女士	3/3
(ceased as member on 9 November 2015)	（於二零一五年十一月九日辭任成員職務）

During the year, the Remuneration Committee performed the following duties:

年內，薪酬委員會履行以下職責：

• (1) reviewed and recommended the remuneration packages of the Executive Directors and senior management for the year ended 31 December 2015 and the year ending 31 December 2016; and

• (1) 檢討及建議執行董事及高級管理人員截至 二零一五年十二月三十一日止年度及截至 二零一六年十二月三十一日止年度之薪酬 待遇；及

• (2) reviewed and recommended the remuneration packages of the newly appointed Directors for the year ended 31 December 2015.

• (2) 檢討及建議截至二零一五年十二月三十一 日止年度新委任董事之薪酬待遇。

AMCO UNITED HOLDING LIMITED 38 Annual Report 2015

Corporate Governance Report 企業管治報告

NOMINATION COMMITTEE

The Nomination Committee was established with a specific written terms of reference in compliance with the CG Code. The terms of reference of the Nomination Committee are available on the websites of the Stock Exchange and the Company.

提名委員會

本公司已設立提名委員會，並已遵照企業管治守 則訂立特定書面職權範圍。提名委員會之職權範 圍可於聯交所及本公司網站查閱。

The Company seeks to achieve Board diversity through the consideration of a number of aspects, including but not limited to gender, age, cultural and educational background, professional qualification, skills, knowledge and length of service. All Board appointments will be based on meritocracy, and candidates will be considered against objective criteria, having due regard for the benefits of diversity on the Board. The Company will also take into consideration factors based on its own business model and specific needs from time to time in determing the optimum composition of the Board.

本公司透過考慮若干因素，包括但不限於性別、 年齡、文化及教育背景、專業資格、技能、知識及 服務年資，達致董事會成員多元化。一切董事會 成員之任命將以用人唯才為依據，並會按客觀準 則，妥為考慮董事會成員多元化之裨益。本公司 亦考慮根據本身業務範疇及不時之特定需求而 決定董事會成員之最佳組合。

The Nomination Committee comprises three Directors, a majority of whom are Independent Non-executive Directors. During the year, the Nomination Committee held two meetings.

提名委員會由三名董事組成，當中大多數為獨立 非執行董事。年內，提名委員會舉行兩次會議。

The members of the Nomination Committee and the attendance of each member during the year are as follows:

年內，提名委員會成員及各成員之出席情況如 下：

Directors and number of attendance

董事及出席人數

		Attended/
		Eligible to attend
Executive Director	執行董事	出席╱合資格出席
Mr. Yip Wai Lun, Alvin (Chairman)	葉偉倫先生（主席）	4/4
Cheng Kin Chor	鄭堅楚先生	1/1
(appointed as member on 9 November 2015)	（於二零一五年十一月九日獲委任為成員）
Independent Non-executive Directors	獨立非執行董事
Wong Siu Ki	黃兆麒先生	1/1
(appointed as member on 30 June 2015)	（於二零一五年六月三十日獲委任為成員）
Chan Ngai Sang Kenny	陳毅生先生	1/1
(appointed as member on 30 June 2015)	（於二零一五年六月三十日獲委任為成員）
Li Kwok Fat	李國發先生	1/1
(appointed as member on 30 June 2015)	（於二零一五年六月三十日獲委任為成員）
Mr. Chan Kam Kwan, Jason	陳錦坤先生	3/3
(ceased as member on 30 June 2015)	（於二零一五年六月三十日辭任成員職務）
Mr. Lau Man Tak	劉文德先生	1/2
(ceased as member on 30 June 2015)	（於二零一五年六月三十日辭任成員職務）

雋泰控股有限公司 2015 年報

39

Corporate Governance Report 企業管治報告

NOMINATION COMMITTEE (continued)

Directors and number of attendance (continued)

During the year, the Nomination Committee performed the following duties:

• (a) reviewed the structure, size and compositions of the Board;

• (b) identified individual suitably qualified to become Board members and made recommendation to the Board on their appointments;

• (c) assessed the independence of the Independent Non-executive Directors; and

• (d) made recommendations to the Board on the retiring Directors for re-election at the AGM for 2015.

AUDIT COMMITTEE

The Audit Committee was established with a specific written terms of reference. In December 2015, on the recommendation of the Audit Committee, the Board has approved and adopted the revised terms of reference of the Audit Committee in light of the amendments of the CG Code, and the same published on the websites of the Stock Exchange and the Company.

The Audit Committee is responsible for reviewing and supervising the financial reporting process and internal control system of the Group and providing advice and comments to the Board.

The Audit Committee currently comprises three Independent Non-executive Directors, namely Mr. Wong Siu Ki (Chairman), Mr. Chan Ngai Sang Kenny and Mr. Li Kwok Fat. During the year, the Audit Committee held three meetings.

提名委員會 （續）

董事及出席人數 （續）

年內，提名委員會履行以下職責：

• (a) 檢討董事會之架構、人數及組成；

• (b) 物色個別合資格成為董事會成員之合適人 選，並就其任命向董事會提供建議；

• (c) 評估獨立非執行董事之獨立性；及

• (d) 就在二零一五年股東週年大會上參與重選 之退任董事向董事會提供建議。

審核委員會

本公司已設立審核委員會，並已訂立特定書面職 權範圍。於二零一五年十二月，經審核委員會推 薦，董事會已批准及採納根據企業管治守則修改 之經修訂審核委員會之職權範圍，其刊登於聯交 所及本公司網站。

審核委員會負責檢討及監察本集團之財務報告 程序及內部監控制度，並向董事會提供意見及評 議。

審核委員會現時由三名獨立非執行董事黃兆麒 先生（主席）、陳毅生先生及李國發先生組成。 年內，審核委員會舉行三次會議。

AMCO UNITED HOLDING LIMITED 40 Annual Report 2015

Corporate Governance Report 企業管治報告

AUDIT COMMITTEE (continued)

審核委員會 （續）

The members of the Audit Committee and the attendance of each member during the year are as follows:

年內，審核委員會成員及各成員之出席情況如 下：

		Attended/
		Eligible to attend
Independent Non-executive Directors	獨立非執行董事	出席╱合資格出席
Mr. Wong Siu Ki (Chairman)	黃兆麒先生（主席）	2/2
(appointed as chairman on 30 June 2015)	（於二零一五年六月三十日獲委任為主席）
Mr. Chan Ngai Sang Kenny	陳毅生先生	2/2
(appointed as member on 30 June 2015)	（於二零一五年六月三十日獲委任為成員）
Mr. Li Kwok Fat	李國發先生	2/2
(appointed as member on 30 June 2015)	（於二零一五年六月三十日獲委任為成員）
Mr. Leung Ka Kui, Johnny	梁家駒先生	0/1
(ceased as member on 30 June 2015)	（於二零一五年六月三十日辭任成員職務）
Mr. Chan Kam Kwan, Jason (Former Chairman)	陳錦坤先生（前主席）	1/1
(resigned as chairman on 30 June 2015)	（於二零一五年六月三十日辭任主席職務）
Mr. Lau Man Tak	劉文德先生	1/1
(ceased as member on 30 June 2015)	（於二零一五年六月三十日辭任成員職務）

During the year, the Audit Committee performed the following duties:

年內，審核委員會已履行以下職責：

• (a) reviewed with the auditor the audited financial statements for the year ended 31 December 2014 and reviewed the unaudited interim financial statements for the six months ended 30 June 2015, with recommendations to the Board for approval;

• (a) 與核數師共同審閱截至二零一四年十二月 三十一日止年度之經審核財務報表及截至 二零一五年六月三十日止六個月之未經審 核中期財務報表，並提出建議供董事會批 准；

• (b) reviewed report on internal control system covering financial, operational, procedural compliance and risk management functions;

• (b) 審閱有關財務、營運、程序合規及風險管理 職能之內部監控系統報告；

• (c) reviewed the compliance issues with the regulatory and statutory requirements;

• (c) 審閱有關監管及法定要求之合規事宜；

• (d) reviewed with the management of the Company the accounting principles and practices adopted by the Group;

• (d) 與本公司管理層共同審閱本集團所採納之 會計原則及慣例；

雋泰控股有限公司 2015 年報 41

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AUDIT COMMITTEE (continued)

審核委員會 （續）

• (e) reviewed and recommended to the Board the auditor’s re-appointment and remuneration; and

• (e) 審閱核數師之續聘及薪酬及就此向董事會 提供建議；及

• (f) recommended the Board on the adoption of the revised terms of reference of the Audit Committee.

• (f) 推薦董事採納經修訂審核委員會之職權範 圍。

All members of the Audit Committee possess relevant professional qualifications and financial management expertise and meet the requirements of Rule 3.21 of the Listing Rules.

所有審核委員會成員擁有相關專業資格及財務管 理專門技能，並符合上市規則第3.21條之規定。

AUDITOR’S REMUNERATION

核數師酬金

The Group incurred fees and charges by the auditor, BDO Limited, in respect of the following auditing and non-auditing services during the year:

年內，本集團就核數及非核數服務向核數師香港 立信德豪會計師事務所有限公司支付之費用及 支出如下：

		Fees paid/payable
		已付╱應付費用
		HK$’000
Services rendered	提供的服務	千港元
Audit services	核數服務	800
Non-audit services	非核數服務	290

ACCOUNTABILITY AND AUDIT

問責性及審核

The Directors are responsible for the preparation of the financial statements of the Group for the relevant accounting periods under applicable statutory and regulatory requirements which give a true and fair view of the state of affairs, the results of operations and cash flows of the Group. In preparing the financial statements for the six months ended 30 June 2015 and for the year ended 31 December 2015, the Directors have adopted suitable accounting policies and applied them consistently. The accounts for the reporting year have been prepared on a going concern basis, having regard to the financial supports and measures as more particularly described in Note 3(b) to the consolidated financial statements.

董事負責根據適用法定及監管規定編製相關會 計期間之本集團財務報表，以真實而公平地反映 本集團之財務狀況、經營業績及現金流量。董事 於編製截至二零一五年六月三十日止六個月及 截至二零一五年十二月三十一日止年度之財務 報表時，已採納適當會計政策並貫徹採用該等政 策。經考慮綜合財務報表附註3(b)內更為具體闡 述之財政支援及措施後，報告年度之賬目已根據 持續經營基準編製。

AMCO UNITED HOLDING LIMITED 42 Annual Report 2015

Corporate Governance Report 企業管治報告

ACCOUNTABILITY AND AUDIT (continued)

The responsibility of the auditor with respect to these financial statements are set out in the Independent Auditor’s Report on pages 69 to 71 of this annual report.

INTERNAL CONTROLS

The internal control system is designed to provide reasonable, but not absolute, assurance of no material misstatement or loss and to manage rather than eliminate risks of failure in operational systems and achievements of the Group’s objectives.

During the year, the Audit Committee reviewed and agreed that there are processes in place for identifying, evaluating and managing reasonably the material business risks faced by the Group. Such processes are incorporated in all businesses of the Group.

COMMUNICATION WITH SHAREHOLDERS

The Board recognises the importance of good communication with all Shareholders. The annual general meeting of the Company is a valuable avenue for the Board to enter into direct dialogue with Shareholders. The Chairman of the Board and the chairman of Board committees will attend the annual general meeting to answer any question. In addition, the Company convened four SGMs during the year to approve (i) the capital reorganisation involving the share consolidation, the capital reduction and the share subdivision; (ii) the placing of new shares under specific mandate; (iii) Acquisition of ACE Engineering; and (iv) acquisition of BFG, and the meetings were convened in accordance with the Listing Rules and the corporate governance procedures of the Company. These provided further opportunities for Shareholders to comment and vote on specific transactions.

The interim and annual reports of the Company are dispatched to Shareholders in a timely manner before the time limits laid by statutory and Listing Rules requirements to ensure effective communication with Shareholders.

問責性及審核 （續）

核數師對該等財務報表應負之責任載於本年報 第69頁至第71頁之獨立核數師報告內。

內部監控

內部監控制度之目的乃為合理（但非絕對）保證 概無重大錯誤陳述或損失，並管理（而非消除） 營運制度失效及未能達致本集團所訂目標之風 險。

年內，審核委員會已審閱及同意就合理識別、評 估及管理本集團所面對之重大業務風險所設有 之程序。該等程序均應用於本集團之所有業務 中。

與股東之溝通

董事會肯定與所有股東保持良好溝通之重要性。 本公司股東週年大會乃董事會與股東直接對話 之重要途徑。董事會主席及董事委員會成員將出 席股東週年大會並於會上回答任何提問。此外， 本公司已於年內召開四次股東特別大會以批准 (i)股本重組（涉及股份合併、股本削減及股份分 拆）；(ii)根據特別授權配售新股份；(iii)收購安迪 工程；及(iv)收購利元集團，而有關會議已根據上 市規則及本公司之企業管治程序召開。股東特別 大會為股東提供更多機會對特定交易提出意見 及投票。

本公司中期報告及年報均於法定及上市規則規 定之時限前及時寄發予股東，以確保與股東保持 有效之溝通。

雋泰控股有限公司 2015 年報 43

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COMMUNICATION WITH SHAREHOLDERS

與股東之溝通 （續）

(continued)

All the Shareholders are given at least 20 clear business days’ notice before the date of the annual general meetings and at least 10 clear business days’ notice for all other general meetings.

All the annual and interim reports, circulars, announcements and notices of Shareholders’ meetings as required under the Listing Rules will be available on the websites of the Company and the Stock Exchange.

The Company has also complied with the requirements concerning voting by poll under the Listing Rules. Details of the poll voting procedures and the rights of Shareholders to demand a poll are included in circulars to Shareholders dispatched by the Company and explained by the chairman of general meeting at the meeting. All resolutions proposed at general meeting are voted separately.

Procedures for convening a special general meeting

Shareholders shall have the right to request the Board to convene a SGM of the Company. Shareholders holding in aggregate of not less than onetenth of the paid up capital of the Company may send a written request to the Board to request for a SGM.

The written requisition, duly signed by the Shareholders concerned, must state the purposes of the meeting and must be deposited at the Company’s principal place of business in Hong Kong at 9/F, Fung House, 19-20 Connaught Road Central, Hong Kong or at the Company’s branch share registrar and transfer office in Hong Kong, Tricor Standard Limited, at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong.

The Company would take appropriate actions and make necessary arrangements, and the Shareholders concerned would be responsible for the expenses incurred in giving effect thereto in accordance with the requirements under Section 74 of the Companies Act once a valid requisition is received.

召開股東週年大會之通告須於大會舉行前至少 二十個完整營業日向全體股東發出，至於召開所 有其他股東大會之通告，則須於大會舉行前至少 十個完整營業日向全體股東發出。

誠如上市規則所規定，所有年報、中期報告、通 函、公告及股東大會通告將可於本公司及聯交所 網站查閱。

本公司亦已遵守上市規則有關以投票方式表決 之規定。有關投票表決程序以及股東要求投票表 決之權利之詳情載於本公司寄發予股東之通函 中，並由股東大會主席於大會上解釋。所有於股 東大會上提呈之決議案均分開投票。

召開股東特別大會之程序

股東有權要求董事會召開本公司之股東特別大 會。合共持有本公司不少於十分之一繳足股本之 股東可向董事會發出請求書，要求召開股東特別 大會。

經有關股東正式簽署之請求書須列明會議目的 並送交本公司之香港主要營業地點（地址為香港 干諾道中19-20號馮氏大廈9樓）或本公司之香港 股份過戶登記分處卓佳標準有限公司（地址為香 港皇后大道東183號合和中心22樓）。

本公司於接獲有效請求書時，將採取適當行動及 作出必要安排，而有關股東須根據公司法第74 條之規定負責支付作出該等行動及安排所產生 之開支。

AMCO UNITED HOLDING LIMITED 44 Annual Report 2015

Corporate Governance Report 企業管治報告

COMMUNICATION WITH SHAREHOLDERS

與股東之溝通 （續）

(continued)

Procedures for Shareholders to put forward proposals at general meetings

The following Shareholders are entitled to put forward a proposal (which may properly be put to the meeting) for consideration at a general meeting of the Company:

• (a) any number of members representing not less than one-twentieth of the total voting rights of the Company on the date of the requisition; or

• (b) not less than 100 members holding shares in the Company.

The requisition specifying the proposal, duly signed by the Shareholders concerned, together with a statement of not more than 1,000 words with respect to the matter referred to in the proposal must be deposited at the Company’s principal place of business in Hong Kong at 9/F, Fung House, 19-20 Connaught Road Central, Hong Kong or at the Company’s branch share registrar and transfer office in Hong Kong, Tricor Standard Limited, at Level 22, Hopewell Centre, 183 Queen’s Road East, Hong Kong. The Company would take appropriate actions and make necessary arrangements, and the Shareholders concerned would be responsible for the expenses incurred in giving effect thereto in accordance with the requirements under Sections 79 and 80 of the Companies Act once valid documents are received.

If a Shareholder wishes to propose a person other a retiring director for election as a director at a general meeting, the Shareholder should follow the “Procedures for Shareholders to propose a person for election as a Director”, which can be found on the website of the Company.

股東於股東大會上提呈建議之程序

以下股東有權於本公司股東大會提呈建議（可於 大會上正式提呈之建議）以供考慮：

• (a) 於請求日期佔本公司總投票權不少於二十 分之一之任何股東數目；或

(b) 不少於100位持有本公司股份之股東。

經有關股東正式簽署並載列建議之請求書連同 不多於1,000字有關建議內所述事宜之聲明，須 送交本公司之香港主要營業地點（地址為香港干 諾道中19-20號馮氏大廈9樓）或本公司之香港股 份過戶登記分處卓佳標準有限公司（地址為香 港皇后大道東183號合和中心22樓）。本公司於 接獲有效文件時，將採取適當行動及作出必要安 排，而有關股東須根據公司法第79及80條之規定 負責支付作出該等行動及安排所產生之開支。

如股東擬於股東大會上提名退任董事以外之人 士參選董事，有關股東須遵照本公司網站所載 「股東提名他人選舉為董事的程序」行事。

雋泰控股有限公司 2015 年報 45

Corporate Governance Report 企業管治報告

COMMUNICATION WITH SHAREHOLDERS

與股東之溝通 （續）

(continued)

Procedures for Directing Shareholders’ Enquiries to the Board

向董事會轉達股東查詢之程序

Shareholders may at any time send their enquires and concerns to the Board in writing via the following channel:

股東可隨時以書面方式透過以下渠道向董事會 提出查詢及提問：

The Board of Directors/Company Secretary 雋泰控股有限公司 AMCO United Holding Limited 香港 9/F, Fung House 干諾道中19-20號 19-20 Connaught Road Central 馮氏大廈9樓 Hong Kong 董事會╱公司秘書 E-mail: info@amco-united.com 電郵：info@amco-united.com Telephone: (852) 3580 6300 電話：(852) 3580 6300 Facsimile: (853) 3580 6322 傳真：(853) 3580 6322

Shareholders may also make enquiries with the Board at the general meetings of the Company.

股東亦可於本公司股東大會上向董事會作出查 詢。

COMPANY SECRETARY

公司秘書

The Company’s secretarial functions are outsourced to external service provider. Ms. Yam Wai Wah, Jenny, the Group Financial Controller of the Group, is the primary contact person of the Company with the external service provider.

本公司之秘書職能由外部服務供應商外包。本集 團之集團財務總監任慧華女士為本公司與外部 服務供應商之主要聯絡人。

According to Rule 3.29 of the Listing Rules, Mr. Chan Kwong Leung, Eric, the Company Secretary of the Company, has taken no less than 15 hours of relevant professional training during the year ended 31 December 2015.

根據上市規則第3.29條，本公司之公司秘書陳鄺 良先生於截至二零一五年十二月三十一日止年 度內已接受不少於15小時之相關專業培訓。

INVESTOR RELATIONS

投資者關係

There was no significant change in the Company’s constitutional documents during the year ended 31 December 2015.

截至二零一五年十二月三十一日止年度內，本公 司之憲章文件並無重大變動。

AMCO UNITED HOLDING LIMITED 46 Annual Report 2015

Directors’ Report 董事會報告

The Directors submit herewith their report together with the audited consolidated financial statements for the year ended 31 December 2015.

PRINCIPAL ACTIVITIES

The Company acts as an investment holding company. The principal activities of its principal subsidiaries are set out in Note 31 to the consolidated financial statements.

BUSINESS REVIEW

The business review of the Group for the year ended 31 December 2015 is set out in the “Chairman’s Statement” and “Management Discussion and Analysis” on pages 6 to 7 and pages 8 to 24 respectively of this annual report.

RESULTS AND APPROPRIATIONS

The results of the Group for the year ended 31 December 2015 are set out in the consolidated statement of profit or loss and other comprehensive income on page 72 of this annual report.

The directors do not recommend the payment of a dividend.

FINANCIAL SUMMARY

A summary of the results and of the assets and liabilities of the Group for the past five financial years is set out on page 180 of this annual report.

PROPERTY, PLANT AND EQUIPMENT

Details of movements during the year in the property, plant and equipment of the Group are set out in Note 16 to the consolidated financial statements.

SHARE CAPITAL

Details of these movements during the year in the share capital are set out in Note 26 to the consolidated financial statements.

董事謹此提呈截至二零一五年十二月三十一日 止年度之報告及經審核綜合財務報表。

主要業務

本公司為一間投資控股公司，其主要附屬公司之 主要業務載於綜合財務報表附註31。

業務回顧

本集團截至二零一五年十二月三十一日止年度 之業務回顧載列於6頁至7頁之「主席報告」及8 頁至24頁之「管理層討論及分析」。

業績及分配

本集團截至二零一五年十二月三十一日止年度 之業績載於本年報第72頁之綜合損益及其他全 面收益表內。

董事不建議派付股息。

財務概要

本集團過去五個財政年度之業績以及資產及負 債概要載於本年報第180頁。

物業、廠房及設備

本集團物業、廠房及設備於年內之變動詳情載於 綜合財務報表附註16內。

股本

本公司股本於年內之變動詳情載於綜合財務報 表附註26內。

雋泰控股有限公司 2015 年報 47

Directors’ Report 董事會報告

DISTRIBUTABLE RESERVES OF THE COMPANY

In the opinion of the Directors, there is no reserve of the Company which is available for distribution to shareholders at 31 December 2015 and 31 December 2014.

DIRECTORS

The Directors during the year and up to date of this report were:

Executive Directors

Mr. Yip Wai Lun, Alvin (Chairman and Managing Director) Mr. Cheng Kin Chor

Mr. Leung Kelvin Ming Yuen (appointed on 1 May 2015) Ms. Leung Mei Han (resigned on 9 November 2015)

Independent Non-executive Directors

Mr. Wong Siu Ki (appointed on 1 May 2015)

Mr. Chan Ngai Sang Kenny (appointed on 30 June 2015) Mr. Li Kwok Fat (appointed on 30 June 2015)

Mr. Leung Ka Kui, Johnny (retired on 30 June 2015)

Mr. Chan Kam Kwan, Jason (resigned on 30 June 2015) Mr. Lau Man Tak (retired on 30 June 2015)

Mr. Leung Ka Kui, Johnny and Mr. Lau Man Tak retired as Independent Non-executive Directors effective from the conclusion of the AGM held on 30 June 2015 as they would like to allocate more time to their respective business commitments. Mr. Chan Kam Kwan, Jason resigned as Independent Non-executive Director as he wished to allocate more time to his other business commitments. Ms. Leung Mei Han resigned as Executive Director as she wished to allocate more time to her own business commitments.

In accordance with the Bye-laws of the Company, the Directors retiring by rotation at the forthcoming annual general meeting will be Mr. Yip Wai Lun, Alvin and Mr. Cheng Kin Chor, who being eligible, will offer themselves for re-election.

本公司可供分派儲備

董事認為，於二零一五年十二月三十一日及二零 一四年十二月三十一日，本公司並無可供分派予 股東之儲備。

董事

於年內及截至本報告日期，董事如下：

執行董事

葉偉倫先生（主席兼董事總經理） 鄭堅楚先生 梁明遠先生（於二零一五年五月一日獲委任） 梁美嫻女士（於二零一五年十一月九日辭任）

獨立非執行董事

黃兆麒先生（於二零一五年五月一日獲委任） 陳毅生先生（於二零一五年六月三十日獲委任） 李國發先生（於二零一五年六月三十日獲委任） 梁家駒先生（於二零一五年六月三十日退任） 陳錦坤先生（於二零一五年六月三十日辭任） 劉文德先生（於二零一五年六月三十日退任）

梁家駒先生及劉文德先生因計劃投入更多時間 用於各自之業務事宜，自二零一五年六月三十日 舉行之股東週年大會結束起退任獨立非執行董 事。陳錦坤先生因計劃投入更多時間用於其其他 業務事宜，已辭任獨立非執行董事。梁美嫻女士 因計劃投入更多時間用於其業務事宜，已辭任執 行董事。

根據本公司之細則，於應屆股東週年大會上輪值 告退之董事將為葉偉倫先生及鄭堅楚先生；彼等 均合資格並願意膺選連任。

AMCO UNITED HOLDING LIMITED 48 Annual Report 2015

Directors’ Report 董事會報告

DIRECTORS (continued)

董事 （續）

The directors who have served on the boards of the subsidiaries of the Company during the year and up to the date of this report were:

年內及截至本報告日期已在本公司附屬公司董 事會擔任職務之董事如下：

Mr. Yip Wai Lun, Alvin 葉偉倫先生 Mr. Cheng Kin Chor 鄭堅楚先生 Mr. Leung Kelvin Ming Yuen 梁明遠先生 Ms. Yam Wai Wah, Jenny 任慧華女士 Ms. Yu Tsz Kwan 余紫君女士 Mr. Lee King Yi 李敬怡先生 Ms. Chung Wai Fong 鍾惠芳女士 Mr. Fong Kwok Wai 方國偉先生 Mr. Cheng Hei Wai, Leo 鄭希偉先生 Mr. Wan Shing Lung 溫誠龍先生

DIRECTORS’ SERVICE CONTRACTS

董事之服務合約

Mr. Yip Wai Lun, Alvin, an Executive Directors, has entered into a service contract with the Company for a term of three years commencing on 14 December 2015, which may be terminated by no less than six months’ notice in writing served by either party on the other.

執行董事葉偉倫先生已與本公司訂立服務合約， 自二零一五年十二月十四日起計為期三年，並可 透過其中一方向另一方發出不少於六個月書面 通知之方式而終止。

Mr. Cheng Kin Chor, an Executive Director, has entered into a service contract with the Company for a term of three years commencing on 1 October 2014, which may be terminated by no less than one month’s notice in writing served by either party on the other.

執行董事鄭堅楚先生已與本公司訂立服務合約， 自二零一四年十月一日起計為期三年，並可透過 其中一方向另一方發出不少於一個月書面通知 之方式而終止。

Mr. Leung Kelvin Ming Yuen, an Executive Director, has entered into a service contract with the Company for a term of three years commencing on 1 May 2015, which may be terminated by no less than one month’s notice in writing served by either party on the other.

執行董事梁明遠先生已與本公司訂立服務合約， 任期自二零一五年五月一日起計為期三年，可由 任何一方向另一方發出不少於一個月之書面通 知予以終止。

雋泰控股有限公司 2015 年報 49

Directors’ Report 董事會報告

UPDATED INFORMATION OF DIRECTORS

董事最新資料

The changes in the information of Directors are set out below pursuant to Rule 13.51B of the Listing Rules:

根據上市規則第13.51B條董事資料之變動載於 下文：

The emoluments of the Directors are determined by the Board having regard to the recommendation of the Remuneration Committee and with reference to the Directors’ contributions, experience and relevant duties and responsibilities within the Company.

董事酬金乃由董事會經計及薪酬委員會之推薦 意見並參考董事之貢獻、經驗及於本公司之相關 職責而釐定。

With effect from 1 January 2016, the Directors’ entitlement to director fee and emoluments (which will be pro-rata to the period of services in the year of their appointments) for the year ending 31 December 2016 are as follows:

自二零一六年一月一日起，董事於截至二零一六 年十二月三十一日止年度享有之董事袍金及酬 金（於其委任年度內將按其服務時間的比例計 算）如下所示：

Name of Directors	董事姓名	Emoluments
		酬金
		HK$
		港元
Mr. Cheng Kin Chor	鄭堅楚先生	728,280
Mr. Wong Siu Ki	黃兆麒先生	120,000
Mr. Chan Ngai Sang Kenny	陳毅生先生	120,000
Mr. Li Kwok Fat	李國發先生	120,000

Mr. Wong Siu Ki, an Independent Non-executive Director, has entered into a letter of appointment with the Company for a term of three years commencing from 1 May 2015, which may be terminated by one month’s notice in writing served by the Company on Mr. Wong or by instant notice in writing served by Mr. Wong on the Company.

獨立非執行董事黃兆麒先生已與本公司訂立委 任函，任期自二零一五年五月一日起計為期三 年，可由本公司向黃先生發出一個月之書面通知 或由黃先生向本公司發出即時書面通知予以終 止。

Mr. Chan Ngai Sang Kenny, an Independent Non-executive Director, has entered into a letter of appointment with the Company for a term of three years commencing from 30 June 2015, which may be terminated by one month’s notice in writing served by the Company on Mr. Chan or by instant notice in writing served by Mr. Chan on the Company.

獨立非執行董事陳毅生先生已與本公司訂立委 任函，任期自二零一五年六月三十日起計為期三 年，可由本公司向陳先生發出一個月之書面通知 或由陳先生向本公司發出即時書面通知予以終 止。

AMCO UNITED HOLDING LIMITED 50 Annual Report 2015

Directors’ Report 董事會報告

DIRECTORS’ SERVICE CONTRACTS (continued)

董事之服務合約 （續）

Mr. Li Kwok Fat, an Independent Non-executive Director, has entered into a letter of appointment with the Company for a term of three years commencing from 30 June 2015, which may be terminated by one month’s notice in writing served by the Company on Mr. Li or by instant notice in writing served by Mr. Li on the Company.

獨立非執行董事李國發生先生已與本公司訂立 委任函，任期自二零一五年六月三十日起計為期 三年，可由本公司向李先生發出一個月之書面通 知或由李先生向本公司發出即時書面通知予以 終止。

Apart from the foregoing, no Director proposed for re-election at the forthcoming annual general meeting has a service contract which is not determinable by the Group within one year without payment of compensation (other than statutory compensation).

除上文所述者外，擬於應屆股東週年大會上重選 連任之董事並無任何本集團不可於一年內無償 （法定補償除外）終止之服務合約。

DIRECTORS’ AND CHIEF EXECUTIVE’S

INTERESTS AND SHORT POSITIONS IN SHARES, UNDERLYING SHARES AND DEBENTURES OF THE COMPANY AND ASSOCIATED CORPORATIONS

董事及最高行政人員於本公司及 相聯法團股份、相關股份及債券之 權益及淡倉

As at 31 December 2015, the interests or short positions of the Directors and the chief executive of the Company in the shares, underlying shares and debentures of the Company or any of its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (“SFO”)) as recorded in the register required to be kept by the Company under Section 352 of the SFO, or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code, were as follows:

於二零一五年十二月三十一日，本公司董事及最 高行政人員於本公司或其任何相聯法團（定義見 證券及期貨條例（「證券及期貨條例」）第XV部） 之股份、相關股份及債券中擁有記入本公司根據 證券及期貨條例第352條須置存之登記冊內之權 益或淡倉，或根據標準守則須另行知會本公司及 聯交所之權益或淡倉如下：

Long positions

Shares and underlying shares of the Company

好倉

本公司之股份及相關股份

Name of Director Capacity 董事姓名 身份	Number of ordinary shares Number of underlying shares held under share option scheme Number of underlying shares held under performance incentive agreement Total Approximate percentage of the issued share capital of the Company Personal interests Corporate interests 普通股數目 根據購股權 計劃持有相關 股份數目 根據表現獎勵 協議持有相關 股份數目 總計 佔本公司 已發行股本之 概約百分比 個人權益 公司權益
Mr. Yip Wai Lun, Alvin 葉偉倫先生 Interest of controlled corporation 受控制公司之權益	– 35,025,346 (Note 1) （附註1） – 109,837,630 (Note 2) （附註2） 144,862,976 11.67%

雋泰控股有限公司 2015 年報 51

Directors’ Report 董事會報告

DIRECTORS’ AND CHIEF EXECUTIVE’S INTERESTS AND SHORT POSITIONS IN SHARES, UNDERLYING SHARES AND DEBENTURES OF THE COMPANY AND ASSOCIATED CORPORATIONS

董事及最高行政人員於本公司及 相聯法團股份、相關股份及債券之 權益及淡倉 （續）

(continued)

Long positions (continued)

Shares and underlying shares of the Company (continued)

Notes:

1. These shares were held by Almeco United Group Limited as to 34,899,346 and Titron Group Holdings Limited as to 126,000. Each of Almeco United Group Limited and Titron Group Holdings Limited was owned by Mr. Yip Wai Lun, Alvin as to 100% directly and 42.5% indirectly. Accordingly, Mr. Yip Wai Lun, Alvin was deemed to be interested in these 35,025,346 shares by virtue of the SFO.

2. Pursuant to the performance incentive agreement dated 4 March 2011 (“Performance Incentive Agreement”), a maximum number of 6,720,000,000 shares is potentially entitled by Atlas Medical Limited (“Atlas”), which was 50% owned by Mr. Yip Wai Lun, Alvin and 50% owned by Mr. Lye Khay Fong respectively. As at 1 January 2015, the outstanding number of shares issuable pursuant to the Performance Incentive Agreement was 600,000,000 shares. Out of these 600,000,000 shares, 140,000,000 shares lapsed on 26 March 2015 according to the terms of the Performance Incentive Agreement. On 28 April 2015, the Company effected the capital reorganisation, whereupon (among others) the number of shares issuable pursuant to the Performance Incentive Agreement was adjusted from 460,000,000 shares to 94,455,851 shares and the issue price was adjusted to HK$2.435 per share. On 18 November 2015, the placing of shares under specific mandate was completed, whereupon (among others) the number of shares issuable pursuant to the Performance Incentive Agreement was adjusted from 94,455,851 shares to 109,837,630 shares and the issue price was adjusted to HK$2.094 per share. Accordingly, Mr. Yip Wai Lun, Alvin was deemed to be interested in these 109,837,630 shares by virtue of the SFO.

好倉 （續）

本公司之股份及相關股份 （續）

附註：

1. 於該等股份當中， 34,899,346 股股份及 126,000股股份分別由雋美泰集團有限公 司及Titron Group Holdings Limited持有。雋 美泰集團有限公司及Titron Group Holdings Limited分別由葉偉倫先生直接及間接擁有 100%及42.5%權益。因此，根據證券及期貨 條例，葉偉倫先生被視為於該35,025,346股股 份中擁有權益。

2. 根據日期為二零一一年三月四日之表現獎勵協 議（「表現獎勵協議」），上限為6,720,000,000 股股份之潛在權益由Atlas Medical Limited

（「Atlas 」）擁有，而Atlas由葉偉倫先生及黎 其方先生各自擁有50%權益。於二零一五年 一月一日，根據表現獎勵協議可發行股份 之未行使數目為600,000,000股股份。在該 600,000,000股股份當中，140,000,000股 股份已於二零一五年三月二十六日根據表 現獎勵協議之條款失效。於二零一五年四月 二十八日，本公司進行股本重組，據此（其中 包括），根據表現獎勵協議可發行之股份數 目由460,000,000股股份調整為94,455,851股 股份及發行價調整至每股2.435港元。於二零 一五年十一月十八日，特別授權項下之股份 配售完成，據此（其中包括）根據表現獎勵協 議可發行之股份數目由94,455,851股股份調 整為109,837,630股股份及發行價調整至每股 2.094港元。故此，根據證券及期貨條例，葉偉 倫先生被視為於109,837,630股股份中擁有權 益。

AMCO UNITED HOLDING LIMITED 52 Annual Report 2015

Directors’ Report 董事會報告

SHARE OPTIONS

(a) 2004 Share Option Scheme

購股權

(a) 二零零四年購股權計劃

The Company had adopted a share option scheme on 12 June 2004 (“2004 Share Option Scheme”), which was expired on 11 June 2014.

• 本公司已於二零零四年六月十二日採納 一項購股權計劃（「二零零四年購股權計 劃」），該購股權計劃已於二零一四年六月 十一日屆滿。

Particulars of the 2004 Share Option Scheme are set out in Note 28 to the consolidated financial statements.

二零零四年購股權計劃資料載於綜合財務 報表附註28內。

The following table discloses movements in the Company’s share options during the year ended 31 December 2015:

下表披露本公司購股權於截至二零一五年 十二月三十一日止年度內之變動：

Name of participants Date of share option granted Share option scheme category (Notes 1 and 2) 參與者姓名 購股權授出日期 購股權計劃 類別 （附註1及2）	Outstanding at beginning of the year Granted during the year Exercised during the year Cancelled/ Lapsed during the year Outstanding at the end of the year Exercise price Exercise period HK$ 於年初 尚未行使 於年內授出 於年內行使 於年內 註銷╱失效 於年末 尚未行使 行使價 行使期 港元
Directors 董事 Mr. Leung Ka Kui, Johnny (retired on 30 June 2015) 梁家駒先生 （於二零一五年 六月三十日退任） 25.1.2005 2005 Mr. Chan Kam Kwan, Jason (resigned on 30 June 2015) 陳錦坤先生 （於二零一五年 六月三十日辭任） 25.1.2005 2005 Total 合計 Total under the 2004 Share Option Scheme 二零零四年購股權 計劃項下總數	149 – – (149) – 1.629 25.1.2005 – 24.1.2015 149 – – (149) – 1.629 25.1.2005 – 24.1.2015 298 – – (298) – Approximate percentage to total Company’s shares in issue at end of the year 佔本公司於年末已發行股份 總數之概約百分比 298 – – (298) – 0.00%

雋泰控股有限公司 2015 年報 53

Directors’ Report 董事會報告

SHARE OPTIONS (continued)

(a) 2004 Share Option Scheme (continued)

Notes:

1. The 2005 share options were granted under the 2004 Share Option Scheme.

2. The closing price of the Company’s shares immediately before 25 January 2005, the date of grant of 2005 share options, was HK$0.159.

As at 31 December 2015, there was no outstanding share options under the 2004 Share Option Scheme.

(b) 2015 Share Option Scheme

On 30 June 2015, the Company adopted a new share option scheme (“2015 Share Option Scheme”), which was approved by the Shareholders at the AGM held on the same date.

The purpose of the 2015 Share Option Scheme is to enable the Group to grant share options to the eligible participants as incentives or rewards for their contributions to the Group.

According the 2015 Share Option Scheme, the Board may grant share options to the eligible participants as defined in the 2015 Share Option Scheme to subscribe for such number of shares as the Board may determine. Share options granted should be accepted within 28 days from the date of the letter of grant. Upon acceptance of the share options, the grantee shall pay HK$1.00 to the Company by way of consideration for the grant. Subject to the terms of the 2015 Share Option Scheme and all applicable laws, the Board has the power to determine the period within which payments or calls must or may be made.

購股權 （續）

(a) 二零零四年購股權計劃 （續）

附註：

1. 二零零五年購股權乃根據二零零四年購 股權計劃授出。

2. 本公司股份於緊接二零零五年一月 二十五日（二零零五年購股權之授出日 期）前之收市價為0.159港元。

於二零一五年十二月三十一日，二零零四 年購股權計劃項下概無未行使購股權。

(b) 二零一五年購股權計劃

於二零一五年六月三十日，本公司採納一 項新購股權計劃（「二零一五年購股權計 劃」），並由股東於在同日舉行之股東週年 大會上批准。

二零一五年購股權計劃旨在使本集團可向 合資格參與者授出購股權，作為彼等對本 集團作出貢獻之獎勵或回報。

根據二零一五年購股權計劃，董事會可向二 零一五年購股權計劃所界定之合資格參與 者授出購股權，以認購董事會可能釐定數 目之股份。授出之購股權須於由授出函件 日期起計28日內接納。於接納購股權時，承 授人應就授出之購股權向本公司支付1.00 港元作為代價。在二零一五年購股權計劃條 款及所有適用法律之規限下，董事會有權 決定必須或可以繳付或催繳款項之期限。

AMCO UNITED HOLDING LIMITED 54 Annual Report 2015

Directors’ Report 董事會報告

SHARE OPTIONS (continued)

(b) 2015 Share Option Scheme (continued)

The exercise price of share options shall be determined by the Board, which shall be at least the highest of (i) the closing price of the shares as stated in the daily quotations sheet of the Stock Exchange on the date of the grant, which must be a business day; (ii) the average closing price of the shares as stated in the daily quotations sheets of the Stock Exchange for the five business days immediately preceding the date of the grant; and (iii) the nominal value of a share.

The maximum number of shares which may be issued upon the exercise of all share options to be granted under the 2015 Share Option Scheme and any other share option scheme(s) of the Company must not exceed 10% of the issued share capital of the Company on the date of approval and adoption of the 2015 Share Option Scheme provided that the Company may at any time seek approval from the Shareholders to refresh the limit to 10% of the shares in issue as at the date of approval by the Shareholders in general meeting where such limit is refreshed. Share options previously granted under any share option schemes of the Company (including those outstanding, cancelled, lapsed in accordance with such schemes or exercised options) will not be counted for the purpose of calculating the limit as refreshed.

購股權 （續）

(b) 二零一五年購股權計劃 （續）

購股權之行使價由董事會決定，惟不得少於 以下之最高者：(i)於授出日期（必須為營業 日）聯交所每日報價表所報之股份收市價； (ii)於緊接授出日期前五個營業日聯交所每 日報價表所報之股份平均收市價；及(iii)股 份面值。

因行使根據二零一五年購股權計劃及本公 司任何其他購股權計劃將予授出之所有購 股權而可予發行之股份數目上限，合共不 得超過於批准及採納二零一五年購股權計 劃當日本公司已發行股本之10%，惟本公 司可隨時徵求股東批准將上限更新至股東 於股東大會上批准更新上限當日已發行股 份之10%。就計算經更新上限而言，先前 根據本公司任何購股權計劃授出之購股權 （包括根據有關計劃尚未行使、已註銷、已 失效或已行使之購股權）均不予計算。

雋泰控股有限公司 2015 年報 55

Directors’ Report 董事會報告

SHARE OPTIONS (continued)

(b) 2015 Share Option Scheme (continued)

The total number of shares issued and may fall to be issued upon exercise of the share options granted under the 2015 Share Option Scheme and any other share option scheme(s) of the Company (including exercised, cancelled and outstanding options) to each eligible participant in any 12-month period up to and including the date of grant shall not exceed 1% of the shares in issue as at the date of grant unless such grant has been duly approved by ordinary resolution of the Shareholders in general meeting at which the relevant eligible participant and his associates abstained from voting. Share options granted to substantial Shareholders or Independent Non-executive Directors or any of their respective associates in any 12-month period in excess of 0.1% of the Company’s issued share capital on the date of grant and with a value in excess of HK$5 million must be approved in advance by the Shareholders.

The period during which a share option may be exercised will be determined by the Board at its absolute discretion, save that no share options can be exercised more than 10 years after it has been granted. There is no general requirement that a share options must be held for any minimum period before it can be exercised. The 2015 Share Option Scheme is valid and effective for a period of ten years and will expire at the close of business on 29 June 2025.

At the annual general meeting of the Company held on 30 June 2015, the Company was authorized to issue a maximum of 30,648,632 share options under the scheme mandate limit for the 2015 Share Option Scheme. Notwithstanding the forgoing, the shares which may be issued upon exercise of all outstanding options granted and yet to be exercised under the Scheme and any other share option schemes of the Company at any time shall not exceed 30% of the shares in issue from time to time.

購股權 （續）

(b) 二零一五年購股權計劃 （續）

截至授出日期（包括該日）止任何12個月 期間，因行使根據二零一五年購股權計劃 及本公司任何其他購股權計劃授出之購股 權（包括已行使、已註銷及尚未行使之購股 權）而已發行及可能須發行予各合資格參 與者之股份總數，不得超過授出當日已發 行股份之1%，惟授出有關購股權已於股東 大會上獲股東以普通決議案方式正式批准 則屬例外，而於有關股東大會上，相關合資 格參與者及其聯繫人須放棄投票。倘於任 何12個月期間向主要股東或獨立非執行董 事或彼等各自之任何聯繫人授出之購股權 多於授出日期本公司已發行股本0.1%，且 總值高於5,000,000港元，則必須事先經股 東批准。

購股權之行使期將由董事會全權酌情決 定，惟不得於授出起計10年後行使。並無行 使購股權前必須持有購股權之任何最短期 限之一般規定。二零一五年購股權計劃於 10年內有效及生效，並將於二零二五年六 月二十九日營業時間結束時屆滿。

於二零一五年六月三十日舉行之本公司 股東週年大會上，本公司獲授權根據二零 一五年購股權計劃之計劃授權上限發行最 多30,648,632股購股權。儘管上述者，因行 使所有根據該計劃及本公司任何其他購股 權計劃已授出但尚未行使並有待行使之購 股權而可能發行之股份於任何時候不得超 過不時已發行股份之30%。

AMCO UNITED HOLDING LIMITED 56 Annual Report 2015

Directors’ Report 董事會報告

SHARE OPTIONS (continued)

(b) 2015 Share Option Scheme (continued)

During the year ended 31 December 2015, no share options were granted under the 2015 Share Option Scheme since its adoption on 30 June 2015. Pursuant to the Shareholders’ approval for the adoption of the 2015 Share Option Scheme on 30 June 2015, the outstanding number of the shares available for issue under the 2015 Share Option Scheme is 30,648,632, representing approximately 1.65% of the issued share capital of the Company as at 29 March 2016 (i.e. 1,862,679,481 shares).

ARRANGEMENTS TO PURCHASE SHARES OR DEBENTURES

Other than the share option holdings disclosed above, at no time during the year was the Company or any of its subsidiaries, a part to any arrangements to enable the Directors to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate.

DIRECTORS’ INTERESTS IN CONTRACTS OF SIGNIFICANCE

Apart from the transactions disclosed under the heading “Related Party Transactions” as set out in Note 32 to the consolidated financial statements, there were no other contracts of significance in relation to the Group’s business, to which the Company, its holding company, any of its subsidiaries or fellow subsidiaries was a party and in which a Director had a material interest, whether directly or indirectly, subsisting at the end of the year or at anytime during the year.

購股權 （續）

(b) 二零一五年購股權計劃 （續）

於截至二零一五年十二月三十一日止年 度，本公司自二零一五年六月三十日採納二 零一五年購股權計劃以來，並無根據該計 劃授出任何購股權。根據於二零一五年六 月三十日採納二零一五年購股權計劃之股 東批准，二零一五年購股權計劃項下可供 發行而尚未發行之股份數目為30,648,632 股，相當於本公司於二零一六年三月二十九 日已發行股本（即1,862,679,481股股份） 約1.65%。

購買股份或債券之安排

除上文所披露之購股權持有情況外，本公司或其 任何附屬公司於年內概無訂立任何安排，致使董 事可藉購入本公司或任何其他法團之股份或債 券而獲益。

董事於重要合約之權益

除綜合財務報表附註32所載「關連人士交易」項 下所披露之交易外，概無有關本集團業務、而本 公司、其控股公司、其任何附屬公司或同系附屬 公司為訂約方及於年末或於年內任何時間仍然 存續，且董事於當中直接或間接擁有重大權益之 其他重大合約。

雋泰控股有限公司 2015 年報 57

Directors’ Report 董事會報告

MANAGEMENT CONTRACTS

Save for service contracts, no contracts concerning the management and administration of the whole or any substantial part of the business of the Company were entered into or subsisting during the year ended 31 December 2015.

CONTINUING CONNECTED TRANSACTIONS

Pursuant to Chapter 14A of the Listing Rules, the Company discloses the following continuing connected transaction incurred during the year.

On 4 March 2011, the Company, Energy Best Investments Limited (a wholly owned subsidiary of the Company) and Atlas, entered into the Performance Incentive Agreement (as amended and restated on 27 July 2011) with the approval of the Board, pursuant to which it was agreed between the parties that the Company would make payments to Atlas for services (“Services”, as described below) provided by Atlas thereunder during the service periods as referred to in the Performance Incentive Agreement. Atlas is an associate of Mr. Yip Wai Lun, Alvin, an Executive Director. More particulars of the Performance Incentive Agreement were disclosed in the announcements of the Company dated 25 January 2011, 21 June 2011, 27 July 2011, 7 October 2011, 25 March 2013, 28 March 2013 and 27 April 2015 respectively and the circular of the Company dated 12 August 2011.

管理合約

除服務合約外，於截至二零一五年十二月三十一 日止年度，概無訂立或存續有關本公司整體或任 何重大部分業務之管理及行政之合約。

持續關連交易

根據上市規則第十四A章，本公司披露下列於年 內進行之持續關連交易。

於二零一一年三月四日，經董事會批准，本公 司、Energy Best Investments Limited（本公司之 全資附屬公司）及Atlas訂立表現獎勵協議（於 二零一一年七月二十七日經修訂及重訂），據 此，訂約方協定，本公司將就Atlas於表現獎勵協 議所述服務期間內根據表現獎勵協議提供之服 務（「該等服務」，誠如下文所述）向Atlas付款。 Atlas為執行董事葉偉倫先生之聯繫人。有關表現 獎勵協議之更多詳情乃分別於本公司日期為二 零一一年一月二十五日、二零一一年六月二十一 日、二零一一年七月二十七日、二零一一年十月 七日、二零一三年三月二十五日、二零一三年三 月二十八日及二零一五年四月二十七日之公告 及本公司日期為二零一一年八月十二日之通函 內披露。

AMCO UNITED HOLDING LIMITED 58 Annual Report 2015

Directors’ Report 董事會報告

CONTINUING CONNECTED TRANSACTIONS

持續關連交易 （續）

(continued)

Where, “Services” mean the assistance provided by Atlas to the Company to further develop Medical Devices Business of Titron Group.

• (a) Service fee: HK$200,000 in cash per month

• (b) Performance bonus: The amount equal to 30% of excess of the pro forma combined profit before tax of the Titron Group over HK$10 million for each of the six financial years ending 31 December up to 31 December 2016.

• The performance bonus in each year shall be satisfied 50% in cash and 50% in performance incentive shares. The amount of performance bonus that can be paid in performance incentive shares is subject to a cap amount for each of the financial years ended 31 December 2011 to 31 December 2016.

The Company was obliged to pay Atlas for the Services for the year ended 31 December 2015 to the extent as described below:

• (a) Service fee: The amount of service fee for the year ended 31 December 2015 was HK$2,400,000, all of which was voluntarily waived by Atlas.

• (b) Performance bonus: No performance bonus or performance incentive shares were earned or payable for the year ended 31 December 2015.

當中，「該等服務」指 Atlas向本公司提供之援 助，以進一步發展德隆集團之醫療設備業務。

• (a) 服務費： 每月現金200,000港元

• (b) 表現花紅： 於截至二零一六年十二月 三十一日止六個財政年度 各年，等同於德隆集團之 備考合併除稅前溢利超出 10,000,000港元之部份30% 之金額。

• 各年之表現花紅須以現金 支付50%及以表現獎勵股份 支付50%。可以表現獎勵股 份支付之表現花紅金額須 受截至二零一一年十二月 三十一日至二零一六年十二 月三十一日止各財政年度之 上限數額所規限。

• 本公司須就截至二零一五年十二月三十一日止 年度之該等服務向Atlas付款，惟以下述者為限：

• (a) 服務費： 截至二零一五年十二月 三十一日止年度之服務費金 額為2,400,000港元，Atlas 已自願放棄收取全部款項。

• (b) 表現花紅： 截至二零一五年十二月 三十一日止年度，概無賺取 或應付表現花紅或表現獎勵 股份。

雋泰控股有限公司 2015 年報 59

Directors’ Report 董事會報告

CONTINUING CONNECTED TRANSACTIONS

持續關連交易 （續）

(continued)

Pursuant to the Listing Rules, the Independent Non-executive Directors had reviewed the above continuing connected transactions and confirmed that the transactions were entered into (i) in the ordinary and usual course of business of the Company; (ii) on normal commercial terms or on terms no less favorable to the Company than terms available from independent third parties; (iii) in accordance with each of the relevant agreements governing them on terms that are fair and reasonable and in the interests of the shareholders of the Company as a whole; and (iv) have not exceeded the relevant maximum amount capped in accordance with the announcements and circular of the Company as mentioned above.

The Company’s auditor was engaged to report on the Group’s continuing connected transactions, as set out on pages 58 to 60 of this annual report in accordance with Rule 14A.56 of the Listing Rules and Hong Kong Standard on Assurance Engagements 3000 (Revised), “Assurance Engagements Other Than Audits or Reviews of Historical Financial Information” and with reference to Practice Note 740, “Auditor’s Letter on Continuing Connected Transactions under the Hong Kong Listing Rules” issued by the Hong Kong Institute of Certified Public Accountants. The auditor has issued his unqualified letter containing his findings and conclusions in respect of the continuing connected transactions.

RELATED PARTY TRANSACTIONS

The significant related party transactions entered into by the Group during the year are set out in Note 32 to the consolidated financial statements and include transactions that constitute continuing connected transactions for which the disclosure requirements under the Listing Rules have been complied.

根據上市規則，獨立非執行董事已審閱上述持 續關連交易，並確認該等交易乃(i)於本公司日常 及一般業務過程中進行；(ii)按一般商務條款或 按不遜於本公司可自獨立第三方獲得之條款進 行；(iii)根據各相關規管協議按公平及合理之條 款進行，並符合本公司股東之整體利益；及(iv)並 無超過根據上文所述本公司之公告及通函所載 之相關最高上限數額。

本公司核數師已獲委聘，根據香港會計師公會頒 佈之香港核證工作準則第3000號經修訂「除審 核或審閱歷史財務信息以外的核證應聘工作」， 並參考應用指引第740號「核數師就香港上市規 則項下持續關連交易發出的函件」，就本集團已 根據上市規則第14A.56條於本年報第58頁至第 60頁載列之持續關連交易呈交報告。核數師已 發出無保留意見函件，當中載有其有關持續關連 交易之調查結果及結論。

關連人士交易

本集團於年內訂立的重大關連人士交易載於綜 合財務報表附註32，並包括構成持續關連交易 且已遵守上市規則披露規定之交易。

AMCO UNITED HOLDING LIMITED 60 Annual Report 2015

Directors’ Report 董事會報告

SUBSTANTIAL SHAREHOLDERS AND OTHER PERSONS’ INTERESTS AND SHORT POSITIONS IN SHARES AND UNDERLYING SHARES OF THE COMPANY

主要股東及其他人士於本公司股 份及相關股份之權益及淡倉

Interests and short positions of shareholders discloseable under the SFO

根據證券及期貨條例須予披露之股東 權益及淡倉

As at 31 December 2015, so far as are known to the Directors, the Shareholders (other than Directors or the chief executives of the Company), who had interests or short positions in the shares or underlying shares of the Company which would fall to be disclosed to the Company under the SFO, or which were recorded in the register required to be kept by the Company pursuant to Section 336 of the SFO, or had otherwise notified the Company were as follows:

於二零一五年十二月三十一日，據董事所知，以 下股東（本公司董事或最高行政人員除外）於本 公司股份或相關股份中，擁有須根據證券及期貨 條例向本公司披露，或已記入本公司根據證券及 期貨條例第336條須置存之登記冊內，或已另行 知會本公司之權益或淡倉：

Long positions

Shares and underlying shares of the Company

好倉

本公司股份及相關股份

				Approximate
				percentage of
		Number of	Number of	the issued
		issued ordinary	underlying	share capital
Name of shareholders	Capacity	shares held	shares held	of the Company
				(Note 1)
				佔本公司
		持有已發行		已發行股本之
股東名稱╱姓名	身份	普通股數目	持有相關股份數目	概約百分比
				（附註1）
Atlas Medical Limited	Beneficial owner	–	109,837,630	8.85%
			(Note 2)
Atlas Medical Limited	實益擁有人		（附註2）
Lye Khay Fong	Interest of controlled corporation	126,000	109,837,630	8.86%
		(Note 3)	(Note 4)
黎其方	受控制公司之權益	（附註3）	（附註4）

雋泰控股有限公司 2015 年報 61

Directors’ Report 董事會報告

SUBSTANTIAL SHAREHOLDERS AND OTHER PERSONS’ INTERESTS AND SHORT POSITIONS IN SHARES AND UNDERLYING SHARES OF THE COMPANY (continued)

Long positions (continued)

Shares and underlying shares of the Company (continued)

Notes:

1. The calculation of percentage figures is based on the relevant number of shares as a percentage of the number of shares of the Company in issue as at 31 December 2015 (i.e. 1,241,786,321).

2. These 109,837,630 underlying shares are the maximum number of shares potentially entitled by Atlas as at 31 December 2015, pursuant to the Performance Incentive Agreement.

3. These shares were held by Titron South China Limited as to 126,000 shares. Each of Titron South China Limited was owned by Mr. Lye Khay Fong as to 46.25% indirectly. Accordingly, Mr. Lye Khay Fong was deemed to be interested in these 126,000 shares by virtue of the SFO.

4. These 109,837,630 underlying shares refer to the same parcel of shares in Note 2 above. Atlas was 50% owned by Mr. Lye Khay Fong and 50% owned by Mr. Yip Wai Lun, Alvin respectively. Accordingly, Mr. Lye Khay Fong was deemed to be interested in these 109,837,630 underlying shares by virtue of the SFO.

Other than as disclosed above, the register of substantial shareholders maintained by the Company under Section 336 of the SFO showed that the Company had not been notified of any other interests or short positions in the shares and underlying shares of the Company as at 31 December 2015.

主要股東及其他人士於本公司股 份及相關股份之權益及淡倉 （續）

好倉 （續）

本公司股份及相關股份 （續）

附註：

1. 百分比數字乃根據有關股份數目所佔本公司 於二零一五年十二月三十一日之已發行股份 數目（即1,241,786,321）之百分比計算。

2. 根據表現獎勵協議，該等109,837,630股相關 股份為Atlas於二零一五年十二月三十一日可 能擁有之最大股份數目。

3. 該等股份由德隆華南有限公司擁有126,000 股。德隆華南有限公司由黎其方先生間接擁 有46.25%。因此，根據證券及期貨條例，黎其 方先生被視為於該等126,000股股份中擁有權 益。

4. 該等109,837,630股相關股份指上文附註2 所述之同一批股份。Atlas由黎其方先生及 葉偉倫先生各自擁有50%權益。因此，根據 證券及期貨條例，黎其方先生被視為於該等 109,837,630股相關股份中擁有權益。

除上文所披露者外，於二零一五年十二月三十一 日，按本公司根據證券及期貨條例第336條存置 之主要股東名冊所示，本公司並不知悉於本公司 股份及相關股份之任何其他權益或淡倉。

AMCO UNITED HOLDING LIMITED 62 Annual Report 2015

Directors’ Report 董事會報告

MAJOR CUSTOMERS AND SUPPLIERS

For the year ended 31 December 2015, sales attributable to the Group’s largest customer accounted for approximately 75% of the Group’s consolidated turnover and aggregate turnover attributable to the five largest customers of the Group accounted for approximately 95% of the Group’s consolidated turnover.

For the year ended 31 December 2015, purchases attributable to the Group’s largest supplier accounted for approximately 84% of the Group’s total purchases and aggregate purchases attributable to the five largest suppliers of the Group accounted for approximately 92% of the Group’s total purchases.

To the knowledge of the Directors, none of the Directors, or their respective associates, or Shareholders owning more than 5% of the Company’s issued share capital had any beneficial interests in any of the five largest customers or suppliers.

CONFIRMATION OF INDEPENDENT NONEXECUTIVE DIRECTORS

The Company has received, from each of the Independent Non-executive Directors, an annual confirmation of his independence pursuant to Rule 3.13 of the Listing Rules. The Company considers all of the Independent Non-executive Directors are independent.

EMOLUMENT POLICY

The emolument policy of the employees of the Group is set up by the Remuneration Committee on the basis of their merit, qualifications and competence.

The emoluments of the Directors are reviewed and recommended by the Remuneration Committee, having regard to the Company’s operating results, individual performance and comparable market statistics.

The Company has adopted a share option scheme as an incentive to Directors and eligible employees, details of the scheme is set out in Note 28 to the consolidated financial statements.

主要客戶及供應商

於截至二零一五年十二月三十一日止年度內， 本集團最大客戶應佔銷售額約佔本集團綜合營 業額75%，而本集團五大客戶應佔營業額合共約 佔本集團綜合營業額之95%。

於截至二零一五年十二月三十一日止年度內， 本集團最大供應商應佔採購額約佔本集團採購 總額之84%，而本集團五大供應商應佔採購額合 共約佔本集團採購總額之92%。

就董事所知，各董事或彼等各自之聯繫人或擁有 本公司已發行股本5%以上之股東並無於上述五 大客戶或供應商中擁有任何實益權益。

獨立非執行董事之確認

本公司已接獲各獨立非執行董事根據上市規則 第3.13條就其獨立性而發出之年度確認書。本公 司認為所有獨立非執行董事具有獨立性。

酬金政策

本集團僱員之酬金政策乃由薪酬委員會按彼等 之長處、資格及能力制定。

董事之酬金經由薪酬委員會參考本公司之經營 業績、個別董事之表現及可比較之市場資料後審 閱並提供建議。

本公司已採納購股權計劃作為對董事及合資格 僱員之獎勵，該計劃詳情載於綜合財務報表附註 28內。

雋泰控股有限公司 2015 年報 63

Directors’ Report 董事會報告

CORPORATE GOVERNANCE PRACTICES

Details of the Company’s corporate governance practices are set out in the Corporate Governance Report on pages 29 to 46 of this annual report.

ENVIRONMENTAL POLICIES

The Group is committed to reducing its carbon footprint and consumption of natural resources in all possible aspects of business operations. Our environmental strategy is to achieve a balance between the quality and efficiency of our services and the minimization of greenhouse gas emissions and environmental degradation. Accordingly, the Group has taken a proactive approach to effect internal and external communications by means of telephone, emails and conferences or such other communication means which are efficient yet environmentally friendly. Also, the Group are able to minimize physical travelling and printing.

RELATIONSHIPS WITH EMPLOYEES

The employees of the Group are one of the most important assets and stakeholders of the Group and their contribution and support are values at all times. The Group regularly reviews compensation and benefits policies accordingly to industry benchmark as well as the individual performance of employees. Other fringe benefits, mandatory provident fund and share options are provided to retain loyal employees with the aim to form a professional staff and management team that can bring the Group to different levels of success.

企業管治常規

本公司之企業管治常規詳情載於本年報第29頁 至第46頁之企業管治報告內。

環境政策

本集團致力於所有潛在業務營運方面減少其碳 排放量及自然資產消耗。本集團之環境策略為 於服務質量及效率與減少溫室氣體排放及環境 惡化之間達致平衡。因此，本集團已採取積極措 施，透過電話、電郵及會議或其他高效且環保之 通訊方式進行內部及外部交流。此外，本集團可 減少物質旅行及印刷。

僱員關係

本集團之僱員為本集團最重要資產及利益相關 者之一以及彼等之貢獻及支持一直屬至關重要。 本集團根據行業標準及僱員之個人表現定期檢 討報酬及福利政策。本集團亦提供其他附加福 利、強制性公積金及購股權以挽留忠誠僱員，旨 在形成可令本集團取得不同層面成功之專業僱 員及管理團隊。

AMCO UNITED HOLDING LIMITED 64 Annual Report 2015

Directors’ Report 董事會報告

RELATIONSHIP WITH CUSTOMERS AND SUPPLIERS

The Directors believe that maintaining good relationships with customers has been one of the critical reasons for the Group’s success. Our business model is to maintain and build on our strong relationships within our client base. Our mission is to provide the finest service to our customers and the Group is constantly looking ways to improve customer relations through enhanced services. Regarding the PR Business and HR Business, the Group has no major suppliers. Whereas regarding the other principal businesses, the Group has maintained good relationship with the suppliers to ensure their continued support to the Group in the foreseeable future.

PRINCIPAL RISKS AND UNCERTAINTIES

The principal risks and uncertainties facing the Group include strategic, operational and financial risks.

Strategic Risks

The Directors maintain a strategic plan based on the knowledge to the external environments. The Group will invest in projects and investments based on the strategic plan in order to cope with the market demand and expectation. Given the rapid change of unforeseeable external environments in the financial and equity markets, the Group is facing significant strategic risks on its investments when changing the strategic plans to adopt the unexpected changes of external environments.

Operational Risks

Management regularly reviews the Group’s operations to ensure that the Group’s risk of losses, whether financial or otherwise, resulting from fraud, errors, omissions and other operational and compliance matters, are adequately managed.

Financial Risks

The principal financial risks are set out in Note 38 to the consolidated financial statements headed “FINANCIAL RISK MANAGEMENT”.

客戶及供應商關係

董事認為，本集團與客戶維持良好關係為其取得 成功之重要原因之一。本集團之業務模式為維持 及建立其與客戶基礎之強大關係。本集團之使命 為向客戶提供最出色之服務及本集團一直尋求 各種方式透過加強服務改善客戶關係。就公關業 務及人力資源業務而言，本集團並無主要供應 商。然而，就其他主要業務而言，本集團已與供 應商維持良好關係，藉以確保其於可預見未來對 本集團之持續支持。

主要風險及不確定性

本集團面臨之主要風險及不確定性包括策略、 營運及財務風險。

策略風險

董事根據其對外部環境之了解維持一項策略計 劃。本集團將根據策略計劃投資項目及投資，以 應付市場需求及預期。鑑於金融及股票市場之不 可預見外部環境迅速變化，倘本集團改變策略計 劃以適應外部環境之意外變化，則其投資將面臨 重大策略風險。

營運風險

管理層定期檢討本集團之營運，以確保本集團 可充分管理因欺詐、失誤、遺漏以及其他營運及 合規事宜引致之損失風險（不論財務或其他類 型）。

財務風險

主要財務風險載於綜合財務報表附註38「財務 風險管理」。

雋泰控股有限公司 2015 年報 65

Directors’ Report 董事會報告

EQUITY-LINKED AGREEMENTS

Save for disclosed in the section headed “FINANCIAL REVIEW” in the Management Discussion and Analysis on pages 16 to 23 of this annual report and the section headed “SHARE OPTIONS” on pages 53 to 57 of this report, the Company has not entered into any equity-linked agreements during the year.

PERMITTED INDEMNITY PROVISION

Pursuant to the Company’s Bye-laws, the Directors, secretary and other officers and every auditor for the time being of the Company shall be entitled to be indemnified and secured harmless out of the assets and profits of the Company from and against all actions, costs, charges, losses, damages and expenses which they or any of them, shall or may incur or sustain by or by reasons of any act done, concurred in or omitted in or about the execution of their duties in their respective offices or otherwise in relation thereto.

The Company has taken out insurance against all losses and liabilities associated with defending any proceedings which may be brought against Directors and other officers of the Company.

COMPLIANCE WITH LAWS AND REGULATIONS

During the year, the Company was not aware of any non-compliance with any relevant laws and regulations that had a significant impact on it.

MODEL CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS

The Company has adopted the Model Code as the code of conduct regarding securities transactions by its Directors. Having made specific enquiry, all Directors have confirmed that they have fully complied with the required standard set out in the Model Code during the year ended 31 December 2015.

股票掛鈎協議

除本年報第16頁至第23頁之管理層討論及分析 之「財務回顧」一節及本報告第53頁至第57頁之 「購股權」一節所披露者外，本公司於年內並無 訂立任何股票掛鈎協議。

許可彌償規定

根據本公司之公司細則，就於彼等各自之辦公室 或其他相關地點履行職務時因所完成、發生或 忽略或相關之任何行為而將或可能產生或遭受 之任何訴訟、成本、費用、損失、損害及開支，董 事、秘書及其他高級職員以及本公司目前之各核 數師均有權從本公司之資產及溢利中獲得彌償 及補償。

本公司已就本公司董事及其他高級職員可能招 致之訴訟辯護引致之所有相關損失及責任投保。

遵守法律及法規

年內，本公司概不知悉任何未有遵守任何相關法 律及法規而對本公司產生重大影響之情況。

董事進行證券交易的標準守則

本公司已採納標準守則作為董事進行證券交易 之行為守則。經作出特定查詢後，全體董事已確 認彼等於截至二零一五年十二月三十一日止年 度全面遵守標準守則規定之標準。

AMCO UNITED HOLDING LIMITED 66 Annual Report 2015

Directors’ Report 董事會報告

AUDIT COMMITTEE

The Audit Committee currently comprises three Independent Nonexecutive Directors, namely Mr. Wong Siu Ki (Chairman), Mr. Chan Ngai Sang Kenny and Mr. Li Kwok Fat. The Audit Committee has reviewed with the management the accounting principles and practices adopted by the Group, and discussed internal controls and financial reporting matters including the review of the audited results for the year ended 31 December 2015.

PURCHASE, SALE OR REDEMPTION OF THE COMPANY’S LISTED SECURITIES

During the year, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company’s listed securities.

PRE-EMPTIVE RIGHTS

There are no provisions for pre-emptive rights under the Company’s Byelaws, or the laws of Bermuda, which would oblige the Company to offer new shares on a pro-rata basis to existing Shareholders of the Company.

SUFFICIENCY OF PUBLIC FLOAT

The Company has maintained a sufficient public float throughout the year ended 31 December 2015.

EVENTS AFTER THE REPORTING PERIOD

Details of the significant events after 31 December 2015 of the Group are set out in Note 40 to the consolidated financial statements.

審核委員會

審核委員會現由三名獨立非執行董事黃兆麒先 生（主席）、陳毅生先生及李國發先生組成。審核 委員會已連同管理層審閱本集團所採納之會計 原則及慣例，並就內部監控及財務報告事宜（包 括審閱截至二零一五年十二月三十一日止年度 之經審核業績）進行討論。

購買、出售或贖回本公司上市證券

年內，本公司或其任何附屬公司概無購買、出售 或贖回本公司任何上市證券。

優先購買權

本公司之公司細則或百慕達法例均無任何有關 優先購買權之條文，規定本公司須按比例向本公 司現有股東發售新股份。

足夠公眾持股量

於截至二零一五年十二月三十一日止年度全年， 本公司一直維持足夠之公眾持股量。

報告期後事項

本集團於二零一五年十二月三十一日後之重大 事項詳情載於綜合財務報表附註40內。

雋泰控股有限公司 2015 年報 67

Directors’ Report 董事會報告

AUDITOR

The financial statements for the year ended 31 December 2015 were audited by BDO Limited.

A resolution will be submitted to the forthcoming annual general meeting to re-appoint BDO Limited as the auditor of the Company.

On behalf of the Board

Yip Wai Lun, Alvin

Chairman and Managing Director

Hong Kong, 29 March 2016

核數師

截至二零一五年十二月三十一日止年度之財務 報表已由香港立信德豪會計師事務所有限公司 審核。

本公司將於應屆股東週年大會上提呈決議案， 以續聘香港立信德豪會計師事務所有限公司為 本公司核數師。

代表董事會

主席兼董事總經理

葉偉倫

香港，二零一六年三月二十九日

AMCO UNITED HOLDING LIMITED Annual Report 2015

68

Independent Auditor’s Report 獨立核數師報告

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TO THE SHAREHOLDERS OF AMCO UNITED HOLDING LIMITED

(incorporated in Bermuda with limited liability)

致雋泰控股有限公司

（於百慕達註冊成立之有限公司）

股東

We have audited the consolidated financial statements of AMCO United Holding Limited (the “Company”) and its subsidiaries (together the “Group”) set out on pages 72 to 179, which comprise the consolidated statement of financial position as at 31 December 2015, and the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows, for the year then ended, and a summary of significant accounting policies and other explanatory information.

本核數師（以下簡稱「我們」）已審計刊載於第 72頁至第179頁雋泰控股有限公司（「貴公司」） 及其附屬公司（統稱為「貴集團」）的綜合財務報 表，當中包括於二零一五年十二月三十一日的綜 合財務狀況表與截至該日止年度的綜合損益及 其他全面收益表、綜合權益變動表和綜合現金流 量表，以及主要會計政策概要和其他附註解釋資 料。

DIRECTORS’ RESPONSIBILITY FOR THE CONSOLIDATED FINANCIAL STATEMENTS

董事就綜合財務報表須承擔的責 任

The directors of the Company are responsible for the preparation of consolidated financial statements that give a true and fair view in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants and the disclosure requirements of the Hong Kong Companies Ordinance, and for such internal control as the directors determine is necessary to enable the presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

貴公司董事須負責根據香港會計師公會頒佈的 香港財務報告準則及香港公司條例的披露規定 編製作出真實而公平的反映的綜合財務報表， 及落實其認為編製綜合財務報表所必要的內部 控制，以確保綜合財務報表不存在由於欺詐或錯 誤而導致的重大錯誤陳述。

雋泰控股有限公司 2015 年報 69

Independent Auditor’s Report 獨立核數師報告

AUDITOR’S RESPONSIBILITY

Our responsibility is to express an opinion on these consolidated financial statements based on our audit. This report is made solely to you, as a body, in accordance with Section 90 of the Companies Act 1981, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report.

We conducted our audit in accordance with Hong Kong Standards on Auditing issued by the Hong Kong Institute of Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal controls relevant to the entity’s preparation of the consolidated financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

核數師的責任

我們的責任是根據我們的審計對該等綜合財務 報表作出意見，並按照一九八一年公司法第90 條僅向整體股東作出報告，除此之外，本報告別 無其他目的。我們不會就本報告的內容向任何其 他人士負上或承擔責任。

我們已根據香港會計師公會頒佈的香港審計準 則進行審計。該等準則要求我們須遵守道德規 範，並規劃及執行審計，以合理確定綜合財務報 表是否不存在任何重大錯誤陳述。

審計涉及執行程序以獲取有關綜合財務報表所 載金額及披露資料的審計憑證。所選用的程序 取決於核數師的判斷，包括評估由於欺詐或錯 誤而導致綜合財務報表存在重大錯誤陳述的風 險。在評估該等風險時，核數師考慮與該公司編 製綜合財務報表以作出真實而公平的反映相關 的內部控制，以設計適當的審計程序，但目的並 非對公司的內部控制有效性發表意見。審計亦包 括評價董事所採用的會計政策的合適性及作出 的會計估計的合理性，以及評價綜合財務報表的 整體列報方式。

我們相信，我們所獲得的審計憑證充足和適當地 為我們的審計意見提供基礎。

AMCO UNITED HOLDING LIMITED 70 Annual Report 2015

Independent Auditor’s Report 獨立核數師報告

OPINION

In our opinion, the consolidated financial statements give a true and fair view of the financial position of the Group as at 31 December 2015, and of its financial performance and cash flows for the year then ended in accordance with Hong Kong Financial Reporting Standards and have been properly prepared in compliance with the disclosure requirements of the Hong Kong Companies Ordinance.

BDO Limited

Certified Public Accountants

Jonathan Russell Leong

Practising Certificate Number P03246 Hong Kong, 29 March 2016

意見

我們認為，該等綜合財務報表已根據香港財務報 告準則真實而公平地反映 貴集團於二零一五 年十二月三十一日的財務狀況及 貴集團截至 該日止年度的財務表現及現金流量，並已按照香 港公司條例的披露規定妥善編製。

香港立信德豪會計師事務所有限公司

執業會計師

梁兆基

執業證書編號P03246

香港，二零一六年三月二十九日

雋泰控股有限公司 2015 年報 71

Consolidated Statement of Profit or Loss and Other Comprehensive Income 綜合損益及其他全面收益表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes 附註	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Revenue 收入 6,7 Cost of sales 銷售成本 Gross profit 毛利 Other income 其他收益 8 Distribution costs 分銷成本 Administrative expenses 行政開支 Impairment losses and write offs 減值虧損及撇銷 9 Loss on change in fair value of convertible notes 可換股票據之公允價值 變動虧損 34 Finance costs 財務費用 10 Loss before income tax expense 除所得稅開支前虧損 11 Income tax expense 所得稅費用 12 Loss for the year 本年度虧損 Other comprehensive income 其他全面收入 Items that may be reclassified subsequently to profit or loss: 其後可重新分類至損益之項目： Exchange differences arising on translation of foreign operations 換算海外業務產生之匯兌差額 Reclassification adjustment for amounts transferred to profit or loss 重新分類調整之金額轉撥至損益 – release of translation reserve upon deregistration of a subsidiary －於附屬公司撤銷註冊後解 除匯兌儲備 Other comprehensive income for the year, net of tax 年內其他全面收入，扣除稅項 Total comprehensive income for the year 年內全面收入總額 Loss for the year attributable to owners of the Company 本公司擁有人應佔年度虧損 Total comprehensive income attributable to owners of the Company 本公司擁有人應佔全面收入總額 Loss per share 每股虧損 13 Basic 基本 Diluted 攤薄	72,352	76,470 (70,507)
	(62,006)
		5,963 1,316 (3,256) (33,489) (13,981) (4,005) (835)
	10,346
	3,500
	(559)
	(31,652)
	–
	–
	(6)
		(48,287) –
	(18,371)
	(235)
		(48,287) (214) (9)
	(18,606)
	–
	–
		(223)
	–
		(48,510)
	(18,606)
		(48,287)
	(18,606)
		(48,510)
	(18,606)
		(restated) （經重列） HK(6.19) cents 港仙 N/A不適用
	HK(1.51) cents 港仙
	N/A不適用

AMCO UNITED HOLDING LIMITED 72 Annual Report 2015

Consolidated Statement of Financial Position 綜合財務狀況表

As at 31 December 2015 於二零一五年十二月三十一日

Notes 附註	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
ASSETS AND LIABILITIES 資產及負債 Non-current assets 非流動資產 Property, plant and equipment 物業、廠房及設備 16 Goodwill 商譽 17 Intangible asset 無形資產 18 Deposits 按金 20 Current assets 流動資產 Inventories 存貨 19 Trade and other receivables 貿易及其他應收款項 20 Tax recoverable 可收回稅項 Pledged time deposits 已抵押定期存款 21 Cash and cash equivalents 現金及現金等價物 21 Current liabilities 流動負債 Trade and other payables 貿易及其他應付款項 22 Bank borrowings 銀行借貸 23 Obligation under a finance lease 融資租賃承擔 24 Net current assets 流動資產淨值 Total assets less current liabilities 總資產減流動負債		3,169 – – –
	65,703
	957
	2,584
	6,264
		3,169
	75,508
		1,798 12,675 175 1,546 62,580
	11
	14,812
	–
	–
	184,235
		78,774
	199,058
		31,572 2,169 16
	30,442
	–
	–
		33,757
	30,442
		45,017
	168,616
		48,186
	244,124

雋泰控股有限公司 2015 年報 73

Consolidated Statement of Financial Position 綜合財務狀況表

As at 31 December 2015 於二零一五年十二月三十一日

Notes 附註	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Non-current liabilities 非流動負債 Deferred tax liabilities 遞延稅項負債 25 Net assets 資產淨值 EQUITY 權益 Share capital 股本 26 Reserves 儲備 Total equity 權益總額		–
	354
		48,186
	243,770
		15,324 32,862
	12,418
	231,352
		48,186
	243,770

On behalf of the Board

代表董事會

Yip Wai Lun, Alvin Cheng Kin Chor 葉偉倫 鄭堅楚 Director Director 董事 董事

AMCO UNITED HOLDING LIMITED 74 Annual Report 2015

Consolidated Statement of Changes in Equity 綜合權益變動表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

		Share	Share	Capital	Translation	Accumulated
		capital	premium	reserve	reserve	losses	Total
		HK$’000	HK$’000	HK$’000	HK$’000	HK$’000	HK$’000
			(Notes a & c)	(Notes b & c)	(Note c)	(Note c)
		股本	股份溢價	資本儲備	匯兌儲備	累計虧損	總計
		千港元	千港元	千港元	千港元	千港元	千港元
			（附註a及c）	（附註b及c）	（附註c）	（附註c）
As at 1 January 2014	於二零一四年一月一日	8,758	–	1	1,814	(47,246)	(36,673)
Loss for the year	本年度虧損	–	–	–	–	(48,287)	(48,287)
Other comprehensive income	年內其他全面收入：
for the year:
Exchange differences arising	換算海外業務產生之
on translation of foreign	匯兌差額
operations		–	–	–	(214)	–	(214)
Reclassification adjustment	重新分類調整之金額轉撥
for amounts transferred to	至損益
profit or loss
Release of translation reserve	於附屬公司撤銷註冊後
upon deregistration of	解除匯兌儲備
a subsidiary		–	–	–	(9)	–	(9)
Total comprehensive income	年內全面收入總額
for the year		–	–	–	(223)	(48,287)	(48,510)
Issue of shares on conversion of	就兌換可換股票據
convertible notes	發行股份
(Note 26 (b) & Note 34)	（附註26(b)及附註34）	801	26,429	–	–	–	27,230
Issue of shares upon placing	於配售後發行股份
(Note 26 (a), (c)&(d))	（附註26(a)、(c)及(d)）	5,765	104,653	–	–	–	110,418
Shares issue expenses	發行股份開支
(Note 26 (a), (c)&(d))	（附註26(a)、(c)及(d)）	–	(4,279)	–	–	–	(4,279)
As at 31 December 2014	於二零一四年
	十二月三十一日	15,324	126,803	1	1,591	(95,533)	48,186

雋泰控股有限公司 2015 年報 75

Consolidated Statement of Changes in Equity 綜合權益變動表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

	Share capital Share premium Capital reserve Translation reserve Accumulated losses Total HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 (Notes a & c) (Notes b & c) (Note c) (Note c) 股本 股份溢價 資本儲備 匯兌儲備 累計虧損 總計 千港元 千港元 千港元 千港元 千港元 千港元 （附註a及c） （附註b及c） （附註c） （附註c）
As at 1 January 2015 於二零一五年一月一日 Loss for the year 本年度虧損 Total comprehensive income for the year 年內全面收入總額 Capital reorganisation (Note 26(e)) 股本重組（附註26(e)） Equity-settled share-based transactions 以股份為基礎權益 結算之交易 – lapse of options granted to employees －授予僱員之購股權 失效 Reversal of overprovision of the share issue expenses for 2014 placing of shares 撥回二零一四年配售 股份而發行股份開支 之撥備餘額 Issue of shares upon placing (Note 26(f)&(g)) 於配售後發行股份 （附註26(f)及(g)） Shares issue expenses (Note 26(f)&(g)) 發行股份開支 （附註26(f)及(g)） As at 31 December 2015 於二零一五年十二月 三十一日	15,324 126,803 1 1,591 (95,533) 48,186
	– – – – (18,606) (18,606)
	– – – – (18,606) (18,606)
	(12,259) – – – 12,259 –
	– – (1) – 1 –
	– 270 – – – 270
	9,353 211,764 – – – 221,117
	– (7,197) – – – (7,197)
	12,418 331,640 – 1,591 (101,879) 243,770

Notes:

附註：

• a) The application of share premium account is governed by Section 40 of the Bermuda Companies Act 1981.

• a) 股份溢價賬之應用受百慕達一九八一年公司 法第40條規管。

• b) At 31 December 2014, the capital reserve comprised the fair value of the actual or estimated number of unexercised share options granted to directors and employees of the Company recognised in accordance with the accounting policy adopted for share-based payments as further detailed in Note 4.14 to the consolidated financial statements.

• b) 於二零一四年十二月三十一日，資本儲備包括 根據就以股份為基礎付款而採納之會計政策

• （進一步詳情載列於綜合財務報表附註4.14） 確認授予本公司董事及僱員之未行使購股權 之實際或估計數目之公允價值。

• c) The total of these balances represents “Reserves” in the consolidated statement of financial position.

• c) 該等餘額之總和為綜合財務狀況表內之「儲 備」。

AMCO UNITED HOLDING LIMITED 76 Annual Report 2015

Consolidated Statement of Cash Flows 綜合現金流量表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes 附註	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Cash flows from operating activities 來自經營活動之現金流量 Loss before income tax expense 除所得稅開支前虧損 Adjustments for: 就下列項目作出之調整： Depreciation of property, plant and equipment 物業、廠房及設備折舊 16 Loss on change in fair value of convertible notes 可換股票據之公允價值變動虧損 34 Impairment loss on property, plant and equipment 物業、廠房及設備減值虧損 9 Impairment loss on goodwill 商譽減值虧損 9 Write-off of inventories 撇銷存貨 19 Impairment loss on and write-off of trade and other receivables 貿易及其他應收款項減值 虧損及撇銷 9 Interest income 利息收入 8 Interest expenses 利息開支 10 Finance charges on obligation under a finance lease 融資租賃承擔之財務費用 10 Gain on disposal of property, plant and equipment 出售物業、廠房及設備收益 8 Operating loss before working capital changes 營運資金變動前之經營虧損 Decrease in inventories 存貨減少 (Increase)/Decrease in trade and other receivables 貿易及其他應收款項 （增加）╱減少 (Decrease)/Increase in trade and other payables 貿易及其他應付款項 （減少）╱增加 Cash used in operations 經營活動動用之現金 Hong Kong and PRC tax refund 退回香港及中國稅項 Net cash used in operating activities 經營活動動用之現金淨額 Cash flows from investing activities 來自投資活動之現金流量 Proceeds from disposal of property, plant and Equipment 出售物業、廠房及設備所得款項 Decrease in pledged time deposits 已抵押定期存款減少 21 Interest received 已收利息 Acquisition of a subsidiary, net of cash acquired 收購附屬公司，已扣除 所收購現金 33(a) Acquisition of assets through acquisition of a subsidiary 透過收購附屬公司而購買資產 33(b) Payment for the purchase of property, plant and equipment 支付購買物業、廠房及 設備之款項 Deposit paid for acquisition of a subsidiary 就收購附屬公司已支付之按金 20 Net cash (used in)/generated from investing activities 投資活動（動用）╱產生之 現金淨額		(48,287) 2,715 4,005 2,069 11,836 1,247 76 (58) 816 19 (691)
	(18,371)
	2,030
	–
	–
	–
	–
	–
	(7)
	4
	2
	(797)
		(26,253) 3,376 936 76
	(17,139)
	1,787
	(1,806)
	(1,873)
		(21,865) 116
	(19,031)
	175
		(21,749)
	(18,856)
		1,332 1,823 58 – – (2,585) –
	822
	1,546
	7
	(3,194)
	(62,555)
	(1,694)
	(6,150)
		628
	(71,218)

雋泰控股有限公司 2015 年報

77

Consolidated Statement of Cash Flows 綜合現金流量表

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes 附註	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Cash flows from financing activities 來自融資活動之現金流量 Repayments of bank borrowings 償還銀行借貸 Repayments of obligation under a finance lease 償還融資租賃承擔 Interest paid 已付利息 Finance charges paid on obligation under a finance lease 就融資租賃承擔已付之財務費用 Advance from a director 來自董事之墊款 Repayments of amount due to a director 償還應付董事款項 Proceeds from placing of shares 配售股份所得款項 26(f)&(g) Expenses paid for placing shares 配售股份開支 26(f)&(g) Net cash generated from financing activities 融資活動產生之現金淨額 Net increase in cash and cash equivalents 現金及現金等價物增加淨額 Cash and cash equivalents at 1 January 於一月一日之現金及現金等價物 Effect of exchange rate changes on cash and cash equivalents 匯率變動對現金及現金等價物之 影響 Cash and cash equivalents at 31 December 於十二月三十一日之現金及 現金等價物 Represented by: 為： Cash and cash equivalents 現金及現金等價物 21		(13,329) (204) (816) (19) 3,650 (15,800) 110,418 (4,279)
	(2,169)
	(16)
	(4)
	(2)
	–
	–
	221,117
	(7,197)
		79,621
	211,729
		58,500 4,010 70
	121,655
	62,580
	–
		62,580
	184,235
		62,580
	184,235

AMCO UNITED HOLDING LIMITED 78 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

1. GENERAL INFORMATION

1. 一般資料

AMCO United Holding Limited (“Company”) was incorporated in Bermuda with limited liability on 19 August 1994 as an exempted company under the Companies Act 1981 of Bermuda with its shares listed on the Main Board of The Stock Exchange of Hong Kong Limited (“Stock Exchange”) since 28 November 1996. The addresses of registered office and principal place of business of the Company are disclosed in the “Corporate Information” section to the annual report.

雋泰控股有限公司（「本公司」）於一九九四 年八月十九日根據百慕達一九八一年公司 法在百慕達註冊成立為一間獲豁免有限公 司，其股份自一九九六年十一月二十八日 起於香港聯合交易所有限公司（「聯交所」） 主板上市。本公司之註冊辦事處及主要營 業地點乃於年報「公司資料」一節披露。

During the year, the Company and its subsidiaries (hereinafter collectively referred to as the “Group”) are principally engaged in (i) manufacture and sale of medical devices products; (ii) manufacture and sale of plastic moulding products; (iii) provision of public relations services; and (iv) provision of human resources management services.

年內，本公司及其附屬公司（以下統稱為 「本集團」）主要從事(i)製造及銷售醫療設備 產品；(ii)製造及銷售塑膠模具產品；(iii)提 供公共關係服務；及(iv)提供人力資源管理 服務。

1. ADOPTION OF HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”)

(a) Adoption of new and revised HKFRSs – effective 1 January 2015

1. 採納香港財務報告準則（「香港 財務報告準則」）

2. (a) 採納新訂及經修訂香港財務 報告準則－於二零一五年一 月一日生效

In the current year, the Group has applied for the first time the following new amendments and interpretation to HKFRSs (hereinafter collectively referred to as “new and revised HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”), which are relevant to and effective for the Group’s consolidated financial statements for the annual period beginning on 1 January 2015:

於本年度，本集團已於二零一五年一 月一日開始之年度期間首次應用以下 經香港會計師公會（「香港會計師公 會」）頒佈之香港財務報告準則新修訂 及詮釋（以下統稱為「新訂及經修訂香 港財務報告準則」）涉及並適用於本集 團之綜合財務報表：

HKFRSs (Amendments) Annual improvements 2010 – 2012 cycle HKFRSs (Amendments) Annual improvements 2011 – 2013 cycle

香港財務報告 二零一零年至二零一二年週 準則（修訂本） 期之年度改進 香港財務報告 二零一一年至二零一三年週 準則（修訂本） 期之年度改進

雋泰控股有限公司 2015 年報 79

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

1. ADOPTION OF HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”) (continued)

(a) Adoption of new and revised HKFRSs – effective 1 January 2015 (continued)

1. 採納香港財務報告準則（「香港 財務報告準則」） （續）

2. (a) 採納新訂及經修訂香港財務 報告準則－於二零一五年一 月一日生效 （續）

The application of the new and revised HKFRSs in the current year has no material effect on the Group’s financial performance and position for the current year or the disclosures set out in the consolidated financial statements.

於本年度應用新訂及經修訂香港財務 報告準則對本集團本年度之財務表現 及狀況或綜合財務報表所載披露事項 並無重大影響。

(b) Application of new and revised HKFRSs that have been issued but are not yet effective

The following new and revised HKFRSs, potentially relevant to the Group’s financial statements, have been issued, but are not yet effective and have not been early adopted by the Group.

(b) 應用已頒佈但尚未生效之新訂 及經修訂香港財務報告準則

以下可能與本集團之財務報表有關的 新訂及經修訂香港財務報告準則經已 頒佈，惟尚未生效，且本集團並未提早 採納。

Amendments to HKAS 1 Disclosure initiative[1] 香港會計準則 披露計劃[1] 第1號（修訂本） Amendments to Clarification of acceptable 香港會計準則 折舊及攤銷可接受方法的 HKAS 16 and HKAS 38 methods of depreciation and 第16號及香港 澄清[1] amortisation[1] 會計準則 第38號（修訂本） Amendments to Sale or contribution of assets 香港財務報告準則 投資者與其聯營或合營企 HKFRS 10 and HKAS 28 between an investor and its 第10號及香港 業之間的資產出售或注 associate or joint venture[1] 會計準則 入[1] 第28號（修訂本） Amendments to HKAS 27 Equity method in separate 香港會計準則 獨立財務報表的權益法[1] financial statements[1] 第27號（修訂本） HKFRSs (Amendments) Annual improvements 2012 – 香港財務報告準則 二零一二年至二零一四年 2014 cycle[1] （修訂本） 週期之年度改進[1] Amendments to HKFRS 10, Investment entities: applying the 香港財務報告準 投資實體：應用編製綜合報 HKFRS 12 and HKAS 28 consolidation exception[1] 則第10號、香港 表之例外情況[1] 財務報告準則 第12號及香港 會計準則 第28號（修訂本） HKFRS 9 Financial Instruments[2] 香港財務報告準則 財務工具[2] 第9號 HKFRS 15 Revenue from Contracts with 香港財務報告準則 來自客戶合約之收入[2] Customers[2] 第15號

AMCO UNITED HOLDING LIMITED Annual Report 2015

80

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

1. ADOPTION OF HONG KONG FINANCIAL

2. REPORTING STANDARDS (“HKFRSs”) (continued)

(b) Application of new and revised HKFRSs that have been issued but are not yet effective

(continued)

1. 採納香港財務報告準則（「香港 財務報告準則」） （續）

   • (b) 應用已頒佈但尚未生效之新 訂及經修訂香港財務報告準 則 （續）

2. 1 Effective for annual periods beginning on or after 1 January 2016

3. 2 Effective for annual periods beginning on or after 1 January 2018

4. 1 於二零一六年一月一日或之後開始 之年度期間生效

5. 2 於二零一八年一月一日或之後開始 之年度期間生效

Amendments to HKAS 16 and HKAS 38 – Clarification of Acceptable Methods of Depreciation and Amortisation

香港會計準則第 16 號及香港會 計準則第 38 號（修訂本）－折舊 及攤銷可接受方法的澄清

The amendments to HKAS 16 prohibit the use of a revenuebased depreciation method for items of property, plant and equipment. The amendments to HKAS 38 introduce a rebuttable presumption that amortisation based on revenue is not appropriate for intangible assets. This presumption can be rebutted if either the intangible asset is expressed as a measure of revenue or revenue and the consumption of the economic benefits of the intangible asset are highly correlated.

香港會計準則第16號（修訂本）禁止 就物業、廠房及設備項目使用以收入 為基礎之折舊方法。香港會計準則第 38號（修訂本）引進可推翻推定，即基 於收入之攤銷不適用於無形資產。倘 無形資產被表示為收入之計量或收入 及無形資產經濟利益之消耗乃高度相 關，則此推定可予以推翻。

Amendments to HKAS 27 – Equity Method in Separate Financial Statements

香港會計準則第 27 號（修訂 本）－獨立財務報表的權益法

The amendments allow an entity to apply the equity method in accounting for its investments in subsidiaries, joint ventures and associates in its separate financial statements.

有關修訂允許實體運用權益法於獨立 財務報表內列賬於其附屬公司、合營 企業及聯營公司之投資。

雋泰控股有限公司 2015 年報 81

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

1. ADOPTION OF HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”) (continued)

2. (b) Application of new and revised HKFRSs that have been issued but are not yet effective

(continued)

HKFRS 9 – Financial Instruments

HKFRS 9 introduces new requirements for the classification and measurement of financial assets. Debt instruments that are held within a business model whose objective is to hold assets in order to collect contractual cash flows (the business model test) and that have contractual terms that give rise to cash flows that are solely payments of principal and interest on the principal amount outstanding (the contractual cash flow characteristics test) are generally measured at amortised cost. Debt instruments that meet the contractual cash flow characteristics test are measured at fair value through other comprehensive income (“FVTOCI”) if the objective of the entity’s business model is both to hold and collect the contractual cash flows and to sell the financial assets. Entities may make an irrevocable election at initial recognition to measure equity instruments that are not held for trading at FVTOCI. All other debt and equity instruments are measured at fair value through profit and loss (“FVTPL”).

HKFRS 9 includes a new expected loss impairment model for all financial assets not measured at FVTPL replacing the incurred loss model in HKAS 39 and new general hedge accounting requirements to allow entities to better reflect their risk management activities in financial statements.

1. 採納香港財務報告準則（「香港 財務報告準則」） （續）

2. (b) 應用已頒佈但尚未生效之新 訂及經修訂香港財務報告準 則 （續）

香港財務報告準則第 9 號－財務 工具

• 香港財務報告準則第9號引入財務資產 分類及計量之新規定。按業務模型持 有而該模型之目的為收取合約現金流

• （業務模型測試）之債務工具以及合約 條款所產生現金流僅為支付本金及未 償還本金利息（合約現金流特徵測試） 之債務工具，一般按攤銷成本計量。 倘該實體業務模型之目的為持有及 收取合約現金流以及出售財務資產， 則符合合約現金流特徵測試之債務 工具乃透過其他全面收入按公允價值

• （「FVTOCI 」）計量。實體可於初步確認 時作出不可撤回之選擇，以FVTOCI計 量並非持作買賣之股本工具。所有其 他債務及股本工具乃透過損益按公允 價值（「FVTPL 」）計量。

香港財務報告準則第9號就並非以 FVTPL計量之所有財務資產納入新的 預期虧損減值模型（取代香港會計準 則第39號之已產生虧損模型）以及新 的一般對沖會計法規定，讓實體可於 財務報表內更好地反映其風險管理活 動。

AMCO UNITED HOLDING LIMITED 82 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

2. ADOPTION OF HONG KONG FINANCIAL

• REPORTING STANDARDS (“HKFRSs”) (continued)

(b) Application of new and revised HKFRSs that have been issued but are not yet effective

(continued)

HKFRS 9 – Financial Instruments (continued)

1. 採納香港財務報告準則（「香港 財務報告準則」） （續）

2. (b) 應用已頒佈但尚未生效之新 訂及經修訂香港財務報告準 則 （續）

香港財務報告準則第 9 號－財務 工具 （續）

HKFRS 9 carries forward the recognition, classification and measurement requirements for financial liabilities from HKAS 39, except for financial liabilities designated at FVTPL, where the amount of change in fair value attributable to change in credit risk of the liability is recognised in other comprehensive income unless that would create or enlarge an accounting mismatch. In addition, HKFRS 9 retains the requirements in HKAS 39 for derecognition of financial assets and financial liabilities.

香港財務報告準則第9號貫徹香港會 計準則第39號有關財務負債確認、分 類及計量之規定，惟指定為FVTPL之財 務負債除外，該負債信貸風險變動應 佔之公允價值變動金額於其他全面收 入確認，除非此舉會導致或擴大會計 錯配。此外，香港財務報告準則第9號 保留香港會計準則第39號有關終止確 認財務資產及財務負債之規定。

HKFRS 15 – Revenue from Contracts with Customers

香港財務報告準則第 15 號－來 自客戶合約之收入

The new standard establishes a single revenue recognition framework. The core principle of the framework is that an entity should recognise revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. HKFRS 15 supersedes existing revenue recognition guidance including HKAS 18 Revenue, HKAS 11 Construction Contracts and related interpretations.

該新訂準則設立單一收入確認框架。 框架之主要原則為實體應確認收入， 以說明實體乃根據向客戶轉讓所承諾 之貨品或服務以反映實體交換貨品及 服務預期所得代價之金額。香港財務 報告準則第15號取代現有收入確認 指引，包括香港會計準則第18號「收 入」、香港會計準則第11號「建築合 約」及相關詮釋。

雋泰控股有限公司 2015 年報 83

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

1. ADOPTION OF HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”) (continued)

(b) Application of new and revised HKFRSs that have been issued but are not yet effective

(continued)

HKFRS 15 – Revenue from Contracts with

Customers (continued)

HKFRS 15 requires the application of a 5-step approach to revenue recognition:

Step 1: Identify the contract(s) with a customer

Step 2: Identify the performance obligations in the contract

Step 3: Determine the transaction price

• Step 4: Allocate the transaction price to each performance obligation

• Step 5: Recognise revenue when each performance obligation is satisfied

HKFRS 15 includes specific guidance on particular revenue related topics that may change the current approach taken under HKFRS. The standard also significantly enhances the qualitative and quantitative disclosures related to revenue.

The Group is in the process of making an assessment of the potential impact of these pronouncements but is not yet in a position to state whether the application of these pronouncements would have a significant impact on the Group’s financial statements.

1. 採納香港財務報告準則（「香港 財務報告準則」） （續）

2. (b) 應用已頒佈但尚未生效之新 訂及經修訂香港財務報告準 則 （續）

香港財務報告準則第 15 號－來 自客戶合約之收入 （續）

香港財務報告準則第15號規定確認收 入所應用之五個步驟：

第1步： 識別與客戶所訂立之合約

第2步： 識別合約中之履約責任

• 第3步： 釐定交易價格

• 第4步： 分配交易價格至各履約責任

第5步： 於履行各履約責任時確認收 入

香港財務報告準則第15號包括對可能 改變目前根據香港財務報告準則的做 法之特定收入相關事宜之特定指引。 該準則亦顯著加強有關收入之定性及 定量披露。

本集團正評估該等公佈之潛在影響， 但尚未確定應用該等公佈會否對本集 團之財務報表造成重大影響。

AMCO UNITED HOLDING LIMITED 84 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

2. ADOPTION OF HONG KONG FINANCIAL

• REPORTING STANDARDS (“HKFRSs”) (continued)

(c) New Companies Ordinance provisions

relating to the preparation of financial statements

1. 採納香港財務報告準則（「香港 財務報告準則」） （續）

2. (c) 有關編製財務報表之新公司 條例條文

The disclosure requirements of the new Companies Ordinance, Cap. 622, in relation to the preparation of financial statements apply to the Company in this financial year.

第622章新公司條例有關編製財務報 表之披露規定於本財政年度適用於本 公司。

The directors of the Company (“Directors”) consider that there is no impact on the Group’s financial position or performance, however the new Companies Ordinance, Cap. 622, impacts on the presentation and disclosures in the consolidated financial statements. For example, the statement of financial position of the Company is now presented in the notes to the financial statements rather than as a primary statement and related notes to the statement of financial position of the Company are generally no longer presented.

本公司董事（「董事」）認為對本集團 財務狀況或表現並無造成任何影響， 但第622章新公司條例影響綜合財務 報表之呈列及披露。舉例而言，本公 司財務狀況表現時於財務報表附註呈 列，而非作為主要報表呈列，而本公司 財務狀況表之相關附註通常不再予以 呈列。

3. BASIS OF PREPARATION

(a) Statement of compliance

3. 編製基準

(a) 遵例聲明

The financial statements have been prepared in accordance with all applicable HKFRSs, which is a collective term for all individual HKFRSs, Hong Kong Accounting Standards (“HKASs”) and Interpretations and the disclosure requirements of the Hong Kong Companies Ordinance. In addition, the financial statements include applicable disclosures required by the Rules Governing the Listing of Securities on the Main Board of the Stock Exchange.

財務報表已根據所有適用之香港財務 報告準則（所有個別香港財務報告準 則、香港會計準則（「香港會計準則」） 及詮釋之統稱）及香港公司條例披露 規定編製。此外，財務報表包括聯交所 主板證券上市規則所規定之適用披露 資料。

雋泰控股有限公司 2015 年報 85

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. BASIS OF PREPARATION (continued)

(b) Basis of measurement and going concern assumption

The financial statements have been prepared under the historical cost basis. The measurement bases are fully explained in the accounting policies set out below.

The financial statements have been prepared on a going concern basis which assumes the realisation of assets and satisfaction of liabilities in the ordinary course of business notwithstanding that the Group has incurred a significant loss of HK$18,606,000 (2014: HK$48,287,000) for the year and the net cash outflow from operations of HK$19,031,000 (2014: HK$21,865,000).

Notwithstanding these conditions, the going concern basis has been adopted on the basis set out below:

• (i) The Group has strong cash position with cash and bank balances of HK$184,235,000 (2014: HK$62,580,000) and no bank borrowings as at 31 December 2015 (2014: HK$2,169,000). This is mainly attributable to the completion of two placings of shares during the year which raised net proceeds of HK$213,920,000 after share issue expenses. Accordingly, the Group does not have any immediate liquidity issue and will be able to finance its operations and meet its commitments and obligations with the existing funds on hand.

3. 編製基準 （續）

(b) 計量基準及持續經營假設

財務報表乃按歷史成本基準編製。計 量基準於下文所載之會計政策作出全 面解釋。

財務報表乃按持續經營基準編製，當 中假設即使本集團於本年度錄得重大 虧損18,606,000港元（二零一四年： 48,287,000港元）以及經營活動現金 流出淨額19,031,000港元（二零一四 年：21,865,000港元），資產及負債仍 會於一般業務過程中變現及償付。

儘管出現上述情況，基於下述原因， 本公司已採納持續經營基準：

• (i) 本集團於二零一五年十二月 三十一日之現金實力雄厚，現 金及銀行結餘為184,235,000港 元（二零一四年：62,580,000港 元），且並無銀行借貸（二零一四 年：2,169,000港元），主要源自 於年內完成兩項股份配售事項， 扣除發行股份開支後籌集所得 款項淨額213,920,000港元。因 此，本集團並無任何即時流動資 金問題，及可以現時手頭資金為 其營運融資，並履行其承諾及責 任。

AMCO UNITED HOLDING LIMITED 86 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. BASIS OF PREPARATION (continued)

(b) Basis of measurement and going concern

assumption (continued)

3. 編製基準 （續）

(b) 計量基準及持續經營假設

• （續）

• (ii) Looking forward, management plans to improve the Group’s financial performance by:

• (ii) 展望未來，管理層計劃透過以下 各項改善本集團之財務表現：

• (a) Taking steps to reduce discretionary expenses and administrative costs;

• (a) 採取措施減少非必要開支及 行政成本；

• (b) The improvements on the performance of the segment of manufacture and sale of plastic moulding products, which, currently, only accepts production orders of mould fabrication and certain products with a relatively higher gross profit margin than the major products used to be produced and sold in the past years. Along with the cost containment program implemented during the year, the loss from this segment decreased by HK$11,097,000, or 84.1% in the current year, to HK$2,098,000, as compared to HK$13,195,000 in 2014.

• (b) 製造及銷售塑膠模具產品之 分部表現好轉，目前僅接受 模具製造及若干較以往年度 生產及銷售之主要產品具有 相對較高毛利率之產品之生 產訂單。隨著於本年度實施 削減成本計劃，於本年度該 分部之虧損已較二零一四年 的13,195,000港元減少了 11,097,000港元，或84.1% 至2,098,000港元。

• (c) Continuous development of the new businesses set up during the year, i.e. the public relations and human resources management services.

• (c) 持續發展本年度成立之新業 務，即公共關係及人力資源 管理服務。

• (d) Exploring new businesses which will provide a growing and recurring source of income. Subsequent to the reporting date, the Group has completed the acquisition of ACE Engineering Limited (“ACE Engineering”), a company incorporated in Hong Kong with limited liability, which is principally engaged in building construction, building maintenance and improvement works, project management, renovation and decoration works in Hong Kong. Further details of this acquisition are set out in Note 40(a).

• (d) 開拓能提供持續增長及穩 定收入來源之新業務。於報 告日期後，本集團已完成收 購安迪工程有限公司（「安 迪工程」），一間於香港註冊 成立之有限公司，主要在香 港從事樓宇建造、樓宇維修 及改善工程、項目管理、裝 修及裝飾工程業務。是項收 購之進一步詳情載於附註 40(a)。

雋泰控股有限公司 2015 年報 87

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

3. BASIS OF PREPARATION (continued)

(b) Basis of measurement and going concern

assumption (continued)

The Directors are confident these measures will improve the financial performance of the Group, provide sufficient liquidity to enable the Group to meet its commitments and obligations as and when they fall due and add to shareholders’ value.

Accordingly, the financial statements have been prepared on a going concern basis.

(c) Functional and presentation currency

Other than those subsidiaries established in the People’s Republic of China (“PRC”) of which the functional currency is Renminbi (“RMB”), the functional currency of the Company and its subsidiaries is Hong Kong dollars (“HK$”). The consolidated financial statements are presented in HK$, which is the same as the functional currency of the Company.

4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

4.1 Basis of consolidation

The consolidated financial statements comprise the financial statements of the Company and its subsidiaries. Inter-company transactions and balances between group companies together with unrealised profits are eliminated in full in preparing the consolidated financial statements. Unrealised losses are also eliminated unless the transaction provides evidence of impairment on the asset transferred, in which case the loss is recognised in profit or loss.

3. 編製基準 （續）

(b) 計量基準及持續經營假設

（續）

董事有信心該等措施將可改善本集團 之財務表現，提供充足流動資金讓本 集團於到期時履行其承諾及責任，並 為股東增值。

因此，財務報表已按持續經營基準編 製。

(c) 功能及呈列貨幣

除於中華人民共和國（「中國」）成立 之附屬公司之功能貨幣為人民幣（「人 民幣」）外，本公司及其附屬公司之功 能貨幣為港元（「港元」）。綜合財務報 表以港元呈列，而港元亦為本公司之 功能貨幣。

4. 主要會計政策概要

4.1 綜合基準

綜合財務報表包括本公司及其附屬公 司之財務報表。集團內公司間之交易 及結餘，以及未變現溢利於編製綜合 財務報表時全數對銷。未變現虧損亦 會對銷，除非交易有證據顯示所轉讓 之資產經已減值，於該情況下，將於損 益中確認虧損。

AMCO UNITED HOLDING LIMITED 88 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.1 Basis of consolidation (continued)

The results of subsidiaries acquired or disposed of during the year are included in the consolidated statement of profit or loss and other comprehensive income from the dates of acquisition or up to the dates of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by other members of the Group.

Acquisition of businesses is accounted for using the acquisition method. The cost of an acquisition is measured at the aggregate of the acquisition-date fair value of assets transferred, liabilities incurred and equity interests issued by the Group, as the acquirer. The identifiable assets acquired and liabilities assumed are principally measured at acquisition-date fair value. Acquisition-related costs are expensed as incurred.

When the Group loses control of a subsidiary, the profit or loss on disposal is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling interest. Amounts previously recognised in other comprehensive income in relation to the subsidiary are accounted for in the same manner as would be required if the relevant assets or liabilities were disposed of.

4.1 綜合基準 （續）

於年內購入或出售之附屬公司之業績 乃由收購日期起或直至出售日期止 （視適用情況而定）列入綜合損益及其 他全面收益表內。如有必要，附屬公司 之財務報表會進行調整，以使其會計 政策與本集團其他成員公司所使用者 一致。

收購業務採用收購法入賬。收購成本 乃按所轉讓資產、所產生負債及本集 團（作為收購方）發行之股權於收購當 日之公允價值總額計量。所收購之可 識別資產及所承擔負債則主要按收購 當日之公允價值計量。收購相關成本 於產生時列支。

當本集團對一間附屬公司失去控制權 時，出售所產生之溢利或虧損按以下 兩者之差額計算：(i)已收代價之公允 價值與任何保留權益之公允價值之總 額；及(ii)該附屬公司之資產（包括商 譽）及負債與任何非控制性權益之過 往賬面值。以往與附屬公司有關之金 額於其他全面收入確認，入賬方式與 於相關資產或負債已經出售之情況下 規定之入賬方式相同。

雋泰控股有限公司 2015 年報 89

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

• POLICIES (continued)

4.2 Subsidiaries

A subsidiary is an investee over which the Company is able to exercise control. The Company controls an investee if all three of the following elements are present: power over the investee, exposure, or rights, to variable returns from the investee, and the ability to use its power to affect those variable returns. Control is reassessed whenever facts and circumstances indicate that there may be a change in any of these elements of control.

In the Company’s statement of financial position, investments in subsidiaries are stated at cost less accumulated impairment losses, if any. The results of subsidiaries are accounted for by the Company on the basis of dividends received and receivable.

4.3 Goodwill

Goodwill arising on an acquisition of a business is initially recognised at cost being the excess of the aggregate consideration transferred over the fair value of identifiable assets and liabilities acquired.

Goodwill is measured at cost less accumulated impairment losses. For the purpose of impairment testing, goodwill is allocated to each of the Group’s cash-generating units (“CGUs”), or groups of CGUs, that is expected to benefit from the synergies of the acquisition.

4.2 附屬公司

附屬公司為本公司可對其行使控制權 之被投資方。倘具備以下全部三個元 素，則本公司控制被投資方︰可對被 投資方行使權力；承擔或享受被投資 方可變回報風險或權利；及可運用其 權力影響該等可變回報。如有事實及 情況顯示任何該等控制權元素可能出 現變動，則會重新評估控制權。

於本公司之財務狀況表內，於附屬公 司之投資乃以成本扣除累計減值虧損 （如有）列賬。本公司按已收及應收股 息基準將附屬公司之業績入賬。

4.3 商譽

收購一項業務所產生之商譽初步按成 本（即所轉讓代價總額超過所收購之 可識別資產及負債之公允價值之部分） 確認。

商譽按成本扣除累計減值虧損計量。 就減值測試而言，商譽乃被分配到本 集團各個預期會從收購之協同效應中 受益之現金產生單位（「現金產生單 位」）或現金產生單位組別。

AMCO UNITED HOLDING LIMITED 90 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.3 Goodwill (continued)

A CGU is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. A CGU to which goodwill has been allocated is tested for impairment annually, by comparing its carrying amount with its recoverable amount (see Note 4.15) and whenever there is an indication that the unit may be impaired.

For goodwill arising on an acquisition in a financial year, the CGU to which goodwill has been allocated is tested for impairment before the end of that financial year. When the recoverable amount of the CGU is less than the carrying amount of the unit, the impairment loss is allocated to reduce the carrying amount of any goodwill allocated to the unit first, and then to the other assets of the unit pro-rata on the basis of the carrying amount to each asset in the unit. However, the loss allocated to each asset will not reduce the individual asset’s carrying amount to below its fair value less cost of disposal (if measurable) or its value in use (if determinable), whichever is the higher. Any impairment loss for goodwill is recognised in profit or loss and is not reversed in subsequent periods.

4.3 商譽 （續）

現金產生單位為一組最小可識別資產 組別，其產生之現金流很大程度上不 同於其他資產或資產組別所產生之現 金流。已分配商譽之現金產生單位每 年進行減值測試，將其賬面值與其可 回收金額進行比較（見附註4.15），並 於有跡象顯示該單位可能減值時進行 減值測試。

就於財政年度內進行收購所產生之 商譽而言，獲分配商譽之現金產生單 位會於該財政年度結束前進行減值測 試。當現金產生單位之可收回金額少 於該單位之賬面值時，減值虧損會首 先分配至減少該單位獲分配之任何商 譽賬面值，繼而以該單位內各資產之 賬面值為基準按比例分配至該單位內 其他資產。然而，分配至各資產之虧損 將不會減少個別資產之賬面值至其公 允價值減出售成本以下（倘可計量）或 其使用價值（倘可識別）之較高者。任 何商譽減值虧損於損益中確認及於其 後期間不可撥回。

雋泰控股有限公司 2015 年報 91

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.4 Property, plant and equipment

When a lease includes both land and building elements, the Group assesses the classification of each element as a finance or an operating lease separately based on the assessment as to whether substantially all the risks and rewards incidental to ownership of each element have been transferred to the Group, unless it is clear that both elements are operating leases in case the entire lease is classified as an operating lease.

The Group’s leasehold land and buildings are classified as finance leases and accounted for as property, plant and equipment.

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

The cost of property, plant and equipment includes its purchase price and the costs directly attributable to the acquisition of the items.

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognised. All other costs, such as repairs and maintenance, are recognised as an expense in profit or loss during the financial period in which they are incurred.

4.4 物業、廠房及設備

倘一項租賃同時包括土地及樓宇部 分，則本集團會分別依照各部分擁有 權相關之絕大部分風險及回報是否已 轉讓予本集團，評估各部分之融資或 經營租賃分類，除非確定兩部分均為 經營租賃，則於該情況下，整份租約乃 分類為經營租賃。

本集團之租賃土地及樓宇分類為融資 租賃，並列賬為物業、廠房及設備。

物業、廠房及設備乃按成本減累計折 舊及累計減值虧損列賬。

物業、廠房及設備之成本包括其購買 價及收購該等項目直接應佔之成本。

倘與資產項目有關之未來經濟利益可 能流入本集團，而該項目之成本能可 靠計量，方會將其後成本計入資產之 賬面值或確認為一項獨立資產（如適 用）。重置部份之賬面值會終止確認。 所有其他成本（如維修及保養）於產生 之財政期間內在損益確認為開支。

AMCO UNITED HOLDING LIMITED 92 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.4 Property, plant and equipment (continued)

Property, plant and equipment are depreciated so as to write off their cost net of expected residual value over their estimated useful lives on a straight-line basis. The useful lives, residual value and depreciation method are reviewed, and adjusted if appropriate, at the end of each reporting period. The useful lives are as follows:

Leasehold land and buildings	Shorter of remaining lease
	term or estimated useful life
Plant and machinery	5 – 10 years
Furniture, fixtures and equipment	5 years
Motor vehicles	3 – 5 years

Assets held under finance leases are depreciated over their expected useful lives on the same basis as owned assets, or where shorter, the term of the relevant lease.

The gain or loss on disposal of an item of property, plant and equipment is the difference between the net sale proceeds and its carrying amount, and is recognised in profit or loss on disposal.

4.5 Leasing

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to lessee. All other leases are classified as operating leases.

4.4 物業、廠房及設備 （續）

物業、廠房及設備於估計可使用年期 按直線法計提折舊以撇銷其成本（扣 除預期剩餘價值）。可使用年期、剩餘 價值及折舊方法均會於各報告期末檢 討，並在適當時作出調整。可使用年期 如下：

租賃土地及樓宇	剩餘租期或估計可
	使用年期
	（以較短者為準）
廠房及機器	5至10年
傢俬、裝置及設備	5年
汽車	3至5年

根據融資租賃持有之資產乃按與自置 資產相同之基準於其預計可使用年期 或相關租賃期（以較短者為準）內計算 折舊。

出售物業、廠房及設備項目之收益或 虧損為出售所得款項淨額與其賬面 值間之差額，並於出售時在損益中確 認。

4.5 租賃

每當租賃條款將絕大部份擁有權之風 險及回報轉移予承租人時，該租賃均 被分類為融資租賃。所有其他租賃均 分類為經營租賃。

雋泰控股有限公司 2015 年報 93

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.5 Leasing (continued)

The Group as lessee

Assets held under finance leases are initially recognised as assets at their fair value or, if lower, the present value of the minimum lease payments. The corresponding lease commitment is shown as a liability. Lease payments are analysed between capital and interest. The interest element is charged to profit or loss over the period of the lease and is calculated so that it represents a constant proportion of the lease liability. The capital element reduces the balance owed to the lessor.

The total rentals payable under the operating leases are recognised in profit or loss on a straight-line basis over the lease term. Lease incentives received are recognised as an integrated part of the total rental expense, over the term of the lease.

The Group as lessor

Rental income from operating leases is recognised in profit or loss on a straight-line basis over the term of the relevant lease. The aggregate cost of incentives is recognised as a reduction of rental income on a straight-line basis over the term of the relevant lease.

4.5 租賃 （續）

本集團為承租人

按融資租賃持有之資產以公允價值或 （如較低）最低租賃付款之現值初步確 認為資產。相應租賃承擔列作負債。 租賃付款分析為資本及利息。利息部 份於租期內在損益入賬，其計算是為 得出租賃負債的一個固定比例。資本 部份會扣減結欠出租人之結餘。

根據經營租賃應付之租金總額於租賃 年期內以直線法於損益確認。所收取 之租賃優惠會作為總租金開支不可分 割之一部份在租賃年期內確認。

本集團為出租人

經營租賃之租金收入於相關租賃年期 內以直線法於損益確認。租賃優惠之 總成本於租賃年期內以直線法確認以 減少租金收入。

AMCO UNITED HOLDING LIMITED 94 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.6 Intangible assets

(a) Acquired intangible assets

Intangible assets acquired separately are initially recognised at cost. The cost of intangible assets acquired in a business combination is fair value at the date of acquisition. Subsequently, intangible assets with finite useful lives are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation for intangible assets with finite useful lives is provided on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of the reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.

No amortisation is provided on intangible asset under development until it is completed and ready for its intended use.

(b) Internally generated intangible assets

Expenditure on internally developed products is capitalised if it can be demonstrated that:

• it is technically feasible to develop the product for it to be sold or used;

4.6 無形資產

(a) 收購之無形資產

所收購之各項無形資產按成本初 步確認。於業務合併中所收購無 形資產之成本為收購日期之公允 價值。其後，具有限可使用年期 之無形資產按成本減累計攤銷及 任何累計減值虧損列賬。

具有限可使用年期之無形資產以 直線法於其估計可使用年期內攤 銷。估計可使用年期及攤銷方法 於報告期末檢討，而任何估計變 動的影響均按未來基準入賬。

處開發階段之無形資產於其完工 並可按其擬定用途使用之前不予 攤銷。

• (b) 內部產生之無形資產

倘可以證明下列情況，則內部開 發產品之開支予以資本化：

• 開發產品以致其可供出售或 使用在技術上是可行的；

雋泰控股有限公司 2015 年報 95

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

• POLICIES (continued)

4.6 Intangible assets (continued)

(b) Internally generated intangible assets

4.6 無形資產 （續）

• (b) 內部產生之無形資產 （續）

(continued)

• adequate resources are available to complete the – 有足夠的資源完成開發； development;

• – there is an intention to complete and sell or use the – 有意完成及出售或使用該無 product; 形產品；

• the Group is able to sell or use the product;

• 本集團有能力銷售或使用該 產品；

• sale or use of the product will generate future economic benefits; and

• 出售或使用該產品將產生未 來經濟效益；及

• expenditure on the product can be measured reliably.

• 產品開支能可靠地計量。

Capitalised development costs are amortised over the periods the Group expects to benefit from selling or using the products developed.

已資本化之開發成本乃於本集團 預計受益於出售或使用開發產品 之期間內攤銷。

Development expenditure not satisfying the above criteria and expenditure on the research phase of internal projects are recognised in profit or loss as incurred.

不符合上述條件之開發成本及內 部項目處於研究階段所產生之開 支在產生時於損益確認。

AMCO UNITED HOLDING LIMITED 96 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.6 Intangible assets (continued)

(c) Impairment

Intangible assets with finite lives are tested for impairment when there is an indication that an asset may be impaired (see Note 4.15). Intangible assets not yet available for use are tested for impairment annually and whenever there is an indirection that the asset may be impaired by comparing their carrying amounts with their recoverable amounts (see Note 4.15). If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised as an expense immediately.

When an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount; however, the carrying amount should not be increased above the lower of its recoverable amount and the carrying amount that would have been resulted had no impairment loss been recognised for the asset in prior years.

4.6 無形資產 （續）

(c) 減值

具有限可使用年期之無形資產於 有跡象顯示資產可能減值時進行 減值測試（見附註4.15）。尚未可 供使用之無形資產乃透過比較其 賬面值與可收回金額每年進行 減值測試及在有跡象顯示資產可 能減值時進行減值測試（見附註 4.15）。倘估計資產之可收回金 額低於其賬面值，則資產賬面值 須減低至其可收回金額。減值虧 損會即時確認為開支。

倘減值虧損其後撥回，則資產賬 面值須增加至其經修訂之估計可 收回金額，惟賬面值不得增加至 超過其可回收金額及在過往年度 並無就資產確認任何減值虧損下 之原本賬面值兩者較低者。

雋泰控股有限公司 2015 年報 97

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.7 Financial instruments

Financial assets

The Group classifies its financial assets at initial recognition, depending on the purpose for which the asset was acquired. Loans and receivables are initially measured at fair value plus transaction costs that are directly attributable to the acquisition of the financial assets. Regular way purchases or sales of financial assets are recognised and derecognised on a trade date basis. A regular way purchase or sale is a purchase or sale of a financial asset under a contract whose terms require delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned.

Loans and receivables

These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They arise principally through the provision of goods and services to customers (trade debtors), and also incorporate other types of contractual monetary asset. Subsequent to initial recognition, they are carried at amortised cost using the effective interest method, less any identified impairment losses.

4.7 財務工具

財務資產

財務資產於初步確認時視乎資產收購 之目的分類。貸款及應收款項初步按 公允價值加收購財務資產直接應佔之 交易成本計量。從正規途徑購買或出 售財務資產按交易日基準確認及終止 確認。從正規途徑購買或出售為一項 合約下之金融資產購買或出售，其條 款規定須按相關市場規例或慣例普遍 訂立之時限內交付資產。

貸款及應收款項

該等資產為附有固定或可確定付款額 而並無在活躍市場上提供報價之非衍 生財務資產，主要透過向客戶提供貨 品及服務而產生（應收貿易賬款），亦 涵蓋其他類別之合約貨幣資產。於初 步確認後，該等資產使用實際利率法 按攤銷成本（扣減任何已識別減值虧 損）列賬。

AMCO UNITED HOLDING LIMITED 98 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.7 Financial instruments (continued)

Financial assets (continued)

4.7 財務工具 （續）

財務資產 （續）

Impairment for loans and receivables

貸款及應收款項之減值

The Group assesses, at the end of each reporting period, whether there is any objective evidence that loans and receivables are impaired. Loans and receivables are impaired if there is objective evidence of impairment as a result of one or more events that has occurred after the initial recognition of the assets and that event (or events) has an impact on the estimated future cash flows of the loans and receivables that can be reliably estimated. Evidence of impairment may include:

本集團於各報告期末評估是否有任何 客觀證據顯示貸款及應收款項出現減 值。倘有客觀證據顯示於初步確認資 產後發生一項或以上事件而導致減 值，有關事件對能夠可靠估計之貸款 及應收款項之估計未來現金流量構成 影響，則貸款及應收款項出現減值。 減值證據可能包括：

• significant financial difficulty of the debtor;

• 債務人出現嚴重財務困難；

• a breach of contract, such as a default or delinquency in interest or principal payments;

• 違約，如逾期或拖欠利息或本金 還款；

• granting concession to a debtor because of debtor’s financial difficulty; and

• 由於債務人出現財務困難而給予 債務人寬免還款；及

• it becoming probable that the debtor will enter bankruptcy or other financial reorganisation.

• 債務人有可能破產或進行其他財 務重組。

An impairment loss is recognised in profit or loss and directly reduces the carrying amount of loans and receivables when there is objective evidence that the asset is impaired, and is measured as the difference between the asset’s carrying amount and the present value of the estimated future cash flows discounted at the original effective interest rate.

當有客觀證據顯示資產已減值，則於 損益確認減值虧損及直接削減其貸款 及應收款項之賬面值，並按資產賬面 值與按原實際利率貼現之估計未來現 金流量現值之差額計量。

雋泰控股有限公司 2015 年報 99

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.7 Financial instruments (continued)

Financial assets (continued)

Impairment for loans and receivables (continued)

For certain categories of financial asset, such as trade and other receivables, the carrying amount of financial asset is reduced through the use of an allowance account. Changes in the carrying amount of the allowance account are recognised in profit or loss. When any part of financial asset is determined as uncollectible, it is written off against the allowance account for the relevant financial asset. Financial assets that are assessed not to be impaired individually are subsequently assessed for impairment on a collective basis. Objective evidence of impairment for a portfolio of receivables could include the Group’s past experience of collecting payments, an increase in the number of delayed payments in the portfolio past the average credit period of 30 to 90 days, and observable changes in national or local economic conditions that correlate with default on receivables.

Impairment losses are reversed in subsequent periods when an increase in the asset’s recoverable amount can be related objectively to an event occurring after the impairment was recognised, subject to a restriction that the carrying amount of the asset at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised.

4.7 財務工具 （續）

財務資產 （續）

貸款及應收款項之減值（續）

就若干類別財務資產（例如貿易及其 他應收款項）而言，財務資產之賬面值 乃透過使用撥備賬減少。撥備賬之賬 面值變動於損益確認。當財務資產之 任何部份釐定為不可收回時，其乃於 有關財務資產之撥備賬內撇銷。個別 評估並無減值之財務資產其後按整體 基準評估減值。應收款項組合減值之 客觀證據可包括本集團之過往收款經 驗、組合內延遲還款至超逾平均信貸 期30至90天之次數增加，以及與應收 款項逾期有關之國家或地方經濟狀況 明顯改變。

當減值確認後，有事件發生且可以客 觀地視為與資產之可收回金額增加 有關連時，減值虧損會於往後期間撥 回，惟該資產於撥回減值當日之賬面 值不得超出並無確認減值時原應有之 攤銷成本。

AMCO UNITED HOLDING LIMITED 100 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.7 Financial instruments (continued)

Financial liabilities

The Group classifies its financial liabilities, depending on the purpose for which the liabilities were incurred. Financial liabilities at fair value through profit or loss are initially measured at fair value and financial liabilities at amortised costs are initially measured at fair value, net of directly attributable costs incurred.

Where the Group issues its own equity instruments to a creditor to settle a financial liability in whole or in part as a result of renegotiating the terms of that liability, the equity instruments issued are the consideration paid and are recognised initially and measured at their fair value on the date the financial liability or part thereof is extinguished. If the fair value of the equity instruments issued cannot be reliably measured, the equity instruments are measured to reflect the fair value of the financial liability extinguished. The difference between the carrying amount of the financial liability or part thereof extinguished and the consideration paid is recognised in profit or loss for the year.

Financial liabilities at amortised cost

Financial liabilities at amortised cost including trade and other payables, bank borrowings and obligation under a finance lease are subsequently measured at amortised cost, using the effective interest method. The related interest expense is recognised in profit or loss.

Gains or losses are recognised in profit or loss when the liabilities are derecognised as well as through the amortisation process.

4.7 財務工具 （續）

財務負債

本集團根據產生負債之目的將其財務 負債分類。透過損益按公允價值列賬 之財務負債初步按公允價值計量，而 按攤銷成本列賬之財務負債初步按公 允價值扣除所產生之直接應佔成本計 量。

倘本集團於重新磋商財務負債之條款 後向債權人發行其本身之股本工具以 償付全部或部份該項負債，則所發行 之股本工具為已付代價，並按於抵銷 財務負債或其部份之日期以公允價值 初步確認及計量。倘所發行股本工具 之公允價值不能可靠計量，則計量股 本工具以反映所抵銷財務負債之公允 價值。所抵銷財務負債或其部份之賬 面值與已付代價之差額乃於年度損益 確認。

按攤銷成本列賬之財務負債

按攤銷成本列賬之財務負債（包括貿 易及其他應付款項、銀行借貸及融資 租賃承擔）其後採用實際利率法按攤 銷成本計量。相關利息開支於損益確 認。

倘負債透過攤銷過程而終止確認，其 收益或虧損於損益內確認。

雋泰控股有限公司 2015 年報 101

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.7 Financial instruments (continued)

Effective interest method

The effective interest method is a method of calculating the amortised cost of a financial asset or financial liability and of allocating interest income or interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts or payments through the expected life of the financial asset or liability, or where appropriate, a shorter period to the net carrying amount of the financial asset or liability.

Equity instruments

Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Derecognition

The Group derecognises a financial asset when the contractual rights to the future cash flows in relation to the financial asset expire or when the financial asset has been transferred and the transfer meets the criteria for derecognition in accordance with HKAS 39.

Financial liabilities are derecognised when the obligation specified in the relevant contract is discharged, cancelled or expires.

4.7 財務工具 （續）

實際利率法

實際利率法乃計算財務資產或財務負 債之攤銷成本，以及於相關期間攤分 利息收入或利息支出之方法。實際利 率乃指可於財務資產或負債之預計年 期或較短期間（如適用）將估計未來現 金收支準確貼現至金融資產或負債之 賬面淨值之利率。

股本工具

本公司所發行之股本工具按所收取之 所得款項扣除直接發行成本列賬。

終止確認

當有關財務資產的未來現金流量之合 約權利屆滿時，或當財務資產已轉讓 及該項轉讓符合香港會計準則第39號 之終止確認條件時，本集團會終止確 認該項財務資產。

當有關合約列明之責任獲解除、撤銷 或屆滿時，即終止確認有關財務負 債。

AMCO UNITED HOLDING LIMITED 102 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.8 Inventories

4.8 存貨

Inventories are initially recognised at cost, and subsequently at the lower of cost and net realisable value. Cost comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their designated location. Cost is calculated using the weighted average method. Net realisable value represents the estimated selling price in the ordinary course of business less the estimated costs necessary to make the sale.

存貨初步按成本確認，其後按成本及 可變現淨值兩者中之較低者入賬。成 本包括所有採購成本、轉換成本及將 存貨運至指定地點所產生之其他成 本。成本按加權平均法計算。可變現淨 值為日常業務過程中之估計售價減因 進行出售而必需之估計成本。

4.9 Cash and cash equivalents

4.9 現金及現金等價物

Cash and cash equivalents include cash at bank and in hand, demand deposits with banks and short term highly liquid investments with original maturities of three months or less that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value. For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash and short-term deposits as defined above, net of outstanding bank overdrafts.

現金及現金等價物包括銀行結餘、手 頭現金、銀行活期存款及原到期日為 三個月或以下並可輕易兌換為已知數 額現金且承受之價值變動風險不大之 短期高流通量投資。就綜合現金流量 表而言，現金及現金等價物包括如上 述界定之現金及短期存款（扣除尚未 償還之銀行透支）。

4.10 Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and rendering of services in the normal course of business, net of discounts.

4.10 收入確認

收入包括於一般業務過程中銷售貨品 及提供服務之已收或應收代價之公允 價值（扣除折扣）。

Revenue from sales of goods is recognised on transfer of risks and rewards of ownership, which is at the time of delivery and the title is passed to customer.

銷售貨品之收入於擁有權風險及回報 轉移時，即於交付及所有權轉移至客 戶時確認。

雋泰控股有限公司 2015 年報 103

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.10 Revenue recognition (continued)

Income from the provision of services is recognised upon the provision of the relevant services or on a time apportionment basis over the terms of the service contracts.

Rental income in respect of properties under operating leases is recognised on a straight-line basis over the respective lease term.

Interest income is accrued on a time basis on the principal outstanding at the applicable interest rate.

4.11 Income taxes

Income tax on the profit or loss for the year comprises current and deferred tax.

Current tax is based on the profit or loss from ordinary activities adjusted for items that are non-assessable or disallowable for income tax purposes and is calculated using tax rates that have been enacted or substantively enacted at the end of reporting period.

Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the end of the reporting period, and any adjustment to tax payable in respect of previous years.

4.10 收入確認 （續）

提供服務之收入於提供服務後或於服 務合約期內按已服務時間之比例確 認。

經營租賃物業之租金收入於租賃期內 以直線法確認。

利息收入乃依據未償還本金額按適用 利率以時間基準累計。

4.11 所得稅

本年度損益內之所得稅包括即期稅項 及遞延稅項。

即期稅項乃根據日常業務中之損益計 算，並根據就所得稅而言屬非課稅或 不獲減免項目而作出調整，以及使用 於報告期末已頒佈或實質已頒佈之稅 率計算。

即期稅項為就年度應課稅收益預期應 付之稅項（按報告期末已頒佈或實質 頒佈之稅率計算）以及就過往年度應 付稅項所作之任何調整。

AMCO UNITED HOLDING LIMITED 104 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.11 Income taxes (continued)

Deferred tax is recognised in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amount in the financial statements. Except for goodwill and recognised assets and liabilities that affect neither accounting nor taxable profits, deferred tax liabilities are recognised for all temporary differences. Deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Deferred tax is measured at the tax rates expected to apply in the period when the liability is settled or the asset is realised based on tax rates that have been enacted or substantively enacted at the end of reporting period.

Deferred tax liabilities are recognised for taxable temporary differences arising on investments in subsidiaries, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future.

Income taxes are recognised in profit or loss except when they relate to items recognised in other comprehensive income in which case the taxes are also recognised in other comprehensive income.

4.11 所得稅 （續）

遞延稅項乃就資產及負債的稅基與資 產和負債在財務報表的賬面值之差額 而產生的暫時性差異進行確認。除商 譽及對會計及應課稅溢利均不會造成 影響之已確認資產及負債外，則應就 所有暫時差異確認遞延稅項負債。遞 延稅項資產在可能有應課稅溢利以供 扣除暫時性差異之情況下予以確認。 遞延稅項乃根據於報告期末已頒佈或 實質已頒佈之稅率，預計於負債清償 或資產變現期內按適用之稅率計量。

除本集團可控制暫時性差異之撥回及 暫時性差異有可能在可預見未來不予 撥回之情況外，應就因於附屬公司之 投資而引致之應課稅暫時性差異確認 為遞延稅項負債。

所得稅乃於損益確認，惟所得稅與於 其他全面收入確認之項目有關則除 外，在此情況下，該等稅項亦於其他全 面收入確認。

雋泰控股有限公司 2015 年報 105

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

• POLICIES (continued)

4.12 Foreign currency

Transactions entered into by group entities in currencies other than the currency of the primary economic environment in which they operate (“functional currency”) are recorded at the rates ruling when the transactions occur. Foreign currency monetary assets and liabilities are translated at the rates ruling at the end of reporting period. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.

Exchange differences arising on the settlement of monetary items, and on the translation of monetary items, are recognised in profit or loss in the period in which they arise.

On consolidation, income and expense items of foreign operations are translated into the presentation currency of the Group (i.e. Hong Kong dollars) at the average exchange rates for the year, unless exchange rates fluctuate significantly during the period, in which case, the rates on the dates of transactions are used. All assets and liabilities of foreign operations are translated at the rate ruling at the end of reporting period. Exchange differences arising, if any, are recognised in other comprehensive income and accumulated in equity as translation reserve. Exchange differences recognised in profit or loss of group entities’ separate financial statements on the translation of long-term monetary items forming part of the Group’s net investment in the foreign operation concerned are reclassified to other comprehensive income and accumulated in equity as translation reserve.

4.12 外幣

集團實體以其經營所在主要經濟環境 貨幣（「功能貨幣」）以外之貨幣進行 之交易，按進行交易時之適用匯率入 賬。外幣貨幣資產及負債以報告期末 之適用匯率換算。以外幣歷史成本計 量之非貨幣項目不予重新換算。

因結算貨幣項目及換算貨幣項目而產 生之匯兌差額於產生期間在損益確 認。

綜合賬目時，海外業務之收支項目以 年內平均匯率換算為本集團之呈列貨 幣（即港元），除非期內匯率大幅波 動，則按交易日期之匯率換算。所有 海外業務之資產及負債均以報告期末 之適用匯率換算。所產生之匯兌差額 （如有）於其他全面收入確認，並於權 益內累計入賬為匯兌儲備。於換算構 成本集團於所涉及海外業務之部份投 資淨額的長期貨幣項目時，在集團實 體獨立財務報表的損益內確認之匯兌 差額會重新分類至其他全面收入，並 於權益內累計入賬為匯兌儲備。

AMCO UNITED HOLDING LIMITED 106 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.12 Foreign currency (continued)

On disposal of a foreign operation, the cumulative exchange differences recognised in the translation reserve relating to that operation up to the date of disposal are reclassified to profit or loss as part of the profit or loss on disposal.

4.12 外幣 （續）

出售海外業務時，匯兌儲備內確認該 業務截至出售日期止之累計匯兌差額 會重新分類至損益，作為出售損益之 一部份。

Goodwill and fair value adjustments on identifiable assets acquired arising on an acquisition of a foreign operation are treated as assets and liabilities of that foreign operation and translated at the rate of exchange prevailing at the end of reporting period. Exchange differences arising are recognised in the translation reserve.

商譽及於收購海外業務時所收購可識 別資產之公允價值調整乃作為該海外 業務之資產及負債處理，並按報告期 末之適用匯率換算。所產生之匯兌差 額乃於匯兌儲備確認。

4.13 Employee benefits

Short term employee benefits

4.13 僱員福利

短期僱員福利

Short term employee benefits are employee benefits (other than termination benefits) that are expected to be settled wholly before twelve months after the end of the annual reporting period in which the employees render the related service. Short term employee benefits are recognised in the year when the employees render the related service.

短期僱員福利為預期於僱員提供相關 服務之年度報告期末後十二個月之 前悉數結清之僱員福利（離職福利除 外）。短期僱員褔利於僱員提供相關服 務之年度內確認。

Defined contribution retirement plan

界定供款退休計劃

Contributions to defined contribution retirement plans are recognised as an expense in profit or loss when the services are rendered by the employees.

向界定供款退休計劃作出之供款乃於 僱員提供服務時在損益確認為開支。

雋泰控股有限公司 2015 年報 107

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

• POLICIES (continued)

4.14 Share-based payments

The fair value of share options granted to employees is recognised as an employee cost with a corresponding increase in capital reserve with equity. The fair value is measured at grant date using Black-Scholes model, taking into accounts the terms and conditions upon which the options were granted. Where the employees have to meet vesting conditions before becoming unconditionally entitled to the options, the total estimated fair value of the options is spread over the vesting period, taking into account the probability that the options will vest.

During the vesting period, the number of share options that is expected to vest is reviewed. Any resulting adjustment to cumulative fair value recognised in prior years is charged/ credited to the profit or loss for the year of the review, unless the original employee expenses quality for recognition as an asset, with a corresponding adjustment to capital reserve. On vesting date, the amount recognised as an expense is adjusted to reflect the actual number of options that vest (with a corresponding adjustment to the capital reserve) except where forfeiture is only due to not achieving vesting conditions that relate to the market price of the Company’s shares. The equity amount is recognised in the capital reserve until either the option is exercised (when it is transferred to the share premium account) or the option expires (when it is released directly to retained profits/accumulated losses).

4.14 以股份為基礎之付款

授予僱員之購股權之公允價值確認為 僱員成本，並相應於權益內增加資本 儲備。公允價值乃於授出日期按已授 出購股權之條款及條件後以柏力克－ 舒爾斯模型計量。倘僱員須符合歸屬 條件方能無條件取得購股權，經考慮 購股權歸屬之可能性後，購股權之估 計公允價值總額將於歸屬期間攤分。

於歸屬期內，本集團已審閱預期歸屬 之購股權數目。對過往年度確認之累 計公允價值所作出之任何調整，會於 進行審閱之年度之損益內計入╱扣 除，並於資本儲備中作相應調整，惟原 有僱員開支合資格確認為一項資產則 除外。於歸屬日期，已確認為開支之金 額已作出調整（並對資本儲備作出相 應調整），藉以反映實際歸屬之購股權 數目，惟倘沒收乃僅因未達致與本公 司股份市價相關之歸屬條件所引致者 除外。權益金額於資本儲備確認，直至 購股權獲行使（屆時轉撥至股份溢價 賬）或購股權屆滿（屆時直接撥至保留 溢利╱累計虧損中）為止。

AMCO UNITED HOLDING LIMITED Annual Report 2015

108

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.15 Impairment of other assets

At the end of each reporting period, the Group reviews the carrying amounts of the following assets to determine whether there is any indication that those assets have suffered an impairment loss or an impairment loss previously recognised no longer exists or may have decreased:

• property, plant and equipment;

• investments in subsidiaries; and

• intangible assets

If the recoverable amount (i.e. the greater of the fair value less costs to sell and value in use) of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

4.15 其他資產減值

於各報告期末時，本集團檢討以下資 產之賬面值，以釐定是否有跡象顯示 該等資產蒙受減值虧損或者先前確認 之減值虧損已不存在或者可能已減 少：

• 物業、廠房及設備；

• 於附屬公司之投資；及

• 無形資產

倘一項資產之可收回金額（即公允價 值（扣除銷售成本）與使用價值兩者中 之較高者）估計將低於其賬面值，則資 產賬面值將下調至其可收回金額。減 值虧損即時確認為開支。

倘其後撥回減值虧損，則資產之賬面 值將增至經修訂估計之可收回金額， 惟增加後之賬面值不會超過假設該資 產於過往年度並無確認減值虧損時釐 定之賬面值。減值虧損撥回會即時確 認為收入。

雋泰控股有限公司 2015 年報 109

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

• POLICIES (continued)

4.16 Borrowing costs

Borrowing costs attributable directly to the acquisition, construction or production of qualifying assets which require a substantial period of time to be ready for their intended use or sale, are capitalised as part of the cost of those assets. Income earned on temporary investments of specific borrowings pending their expenditure on those assets is deducted from borrowing costs capitalised. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

4.17 Provisions and contingent liabilities

Provisions are recognised for liabilities of uncertain timing or amount when the Group has a legal or constructive obligation arising as a result of a past event, which it is probable will result in an outflow of economic benefits that can be reasonably estimated.

Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic benefits is remote. Possible obligations, the existence of which will only be confirmed by the occurrence or non-occurrence of one or more future events, are also disclosed as contingent liabilities unless the probability of outflow of economic benefits is remote.

4.16 借貸成本

收購、建造或生產合資格資產（須耗 用相當長時間方可作擬定用途或銷售 之資產）直接產生之借貸成本均會資 本化並作為該等資產成本之一部份。 將有待用於該等資產之特定借貸作短 期投資所賺取之收入，會於資本化借 貸成本中扣除。所有其他借貸成本乃 於產生期間在損益確認。

4.17 撥備及或然負債

當本集團因過往事件所產生之法律或 推定責任而可能導致經濟利益流出， 且該經濟利益能夠合理估計時，會就 未能確定時間或金額之負債確認撥 備。

倘需要經濟利益流出之可能性不大或 金額不能可靠估計，有關責任會作為 或然負債披露，除非經濟利益流出之 可能性極低。可能之責任（其存在與否 將只可由一項或多項未來事件出現或 不出現確認）亦作為或然負債披露，除 非經濟利益流出之可能性極低。

AMCO UNITED HOLDING LIMITED 110 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

4.18 Related parties

4. 主要會計政策概要 （續）

4.18 關連人士

(a) A person or a close member of that person’s family is related to the Group if that person:

  - (a) 倘屬下列情況，則有關人士或該 名人士之近親家屬成員便與本集 團有關連：

• (i) has control or joint control over the Group; or (i) 對本集團有控制權或共同控 制權；或

• (ii) has significant influence over the Group; or (ii) 對本集團有重大影響力；或 (iii) is a member of key management personnel of the (iii) 為本集團或本公司母公司之 Group or the Company’s parent. 主要管理人員。

• (b) An entity is related to the Group if any of the following (b) 倘屬任何下列情況，有關實體便 conditions apply: 與本集團有關連： (i) The entity and the Group are members of the same (i) 該實體及本集團屬同一集團 group (which means that each parent, subsidiary and 之成員（即各母公司、附屬 fellow subsidiary is related to the others). 公司及同系附屬公司互有關 連）。

• (ii) One entity is an associate or joint venture of the (ii) 一個實體為另一實體之聯繫 other entity (or an associate or joint venture of a 人或合營企業（或為某一集 member of a group of which the other entity is a 團的成員之聯繫人或合營企 member). 業，而該另一實體為此集團 之成員）。

• (iii) Both entities are joint ventures of the same third (iii) 兩個實體皆為相同第三方之 party. 合營企業。

• (iv) One entity is a joint venture of a third entity and the (iv) 一個實體為一名第三方之合 other entity is an associate of the third entity. 營企業及另一實體為該第三 方之聯繫人。

雋泰控股有限公司 2015 年報 111

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

• POLICIES (continued)

4.18 Related parties (continued)

• (b) (continued)

• (v) The entity is a post-employment benefit plan for the benefit of the employees of the Group or an entity related to the Group.

• (vi) The entity is controlled or jointly controlled by a person identified in (a).

• (vii) A person identified in (a)(i) has significant influence over the entity or is a member of key management personnel of the entity (or of a parent of the entity).

• (viii) The entity, or any member of a group of which it is a part, provides key management personnel services to the Group or to the Company’s parent.

Close members of the family of a person are those family members who may be expected to influence, or be influenced by, that person in their dealings with the entity and include:

• (i) that person’s children and spouse or domestic partner;

• (ii) children of that person’s spouse or domestic partner; and

• (iii) dependents of that person or that person’s spouse or domestic partner.

4.18 關連人士 （續）

(b) （續）

• (v) 該實體乃為本集團或與本集 團有關連之實體的僱員福利 而設之離職後福利計劃。

• (vi) 該實體受(a)項所識別之人 士控制或共同控制。

• (vii) 於(a)(i)項所識別人士對實 體有重大影響力，或是實體

• （或實體之母公司）之高級 管理人員。

• (viii) 實體或實體為其一部份之集 團之任何成員公司向本集團 或本公司母公司提供高級管 理人員服務。

某一人士之近親家屬成員指預期可影 響該人士與實體進行買賣或於買賣時 受該人士影響之家屬成員，並包括：

• (i) 該人士之子女及配偶或同居伴 侶；

• (ii) 該人士之配偶或同居伴侶之子 女；及

• (iii) 該人士或其配偶或同居伴侶之受 養人。

AMCO UNITED HOLDING LIMITED Annual Report 2015

112

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

4. SUMMARY OF SIGNIFICANT ACCOUNTING

4. 主要會計政策概要 （續）

POLICIES (continued)

4.19 Segment reporting

Operating segments, and the amounts of each segment item reported in the financial statements, are identified from the financial information provided regularly to the chief operating decision-maker i.e. the most senior executive management for the purposes of allocating resources to, and assessing the performance of, the Group’s various lines of business and geographical locations.

4.19 分部報告

經營分部及財務報表所呈報各分部項 目之金額，乃從就本集團各項業務及 地理位置分配資源及評估表現而定期 向主要經營決策者（即最高行政管理 層）提供之財務資料中識別。

Individually material operating segments are not aggregated for financial reporting purposes unless the segments have similar economic characteristics and are similar in respect of the nature of products and services, the nature of production processes, the type or class of customers, the methods used to distribute the products or provide the services, and the nature of the regulatory environment. Operating segments which are not individually material may be aggregated if they share a majority of these criteria.

個別重大經營分部不會合計以供財 務報告之用，惟倘該等分部之經濟特 性以及產品及服務性質、生產工序性 質、客戶種類或類別、分銷產品或提供 服務之方法以及監管環境之性質等均 屬類似，則作別論。個別不重大經營分 部倘符合以上大部份條件，則可予以 合計。

5. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

5. 主要會計判斷及估計不確定因 素之主要來源

In the application of the Group’s accounting policies which are described in Note 4, the Directors are required to make estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

於採用本集團之會計政策（如附註4所述） 時，董事須就尚無法從其他來源得知之資 產及負債賬面值作出估計及假設。該等估 計與相關假設乃基於過往經驗和其他被認 為相關之各種因素作出。實際結果或與該 等估計不盡相同。

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

估計及相關假設按持續基準進行檢討。會計 估計之修訂乃於修訂估計期間內確認（倘 修訂僅影響該期間），或於修訂期間及日後 期間確認（倘修訂影響現時及日後期間）。

雋泰控股有限公司 2015 年報 113

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

5. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY (continued)

The following are the key assumptions concerning the future, and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Assessment of impairment of property, plant and equipment and intangible assets

The Group assesses impairment at each reporting date by evaluating conditions specific to the Group that may lead to impairment of assets. When an impairment trigger exists, the recoverable amount of the asset is determined. Value-in-use calculations performed in assessing recoverable amounts incorporate a number of key estimates and assumptions about future events, which are subject to uncertainty and might materially differ from the actual results. In making these key estimates and judgements, the Directors take into consideration assumptions that are mainly based on the market conditions existing at the reporting dates and appropriate market and discount rates.

These estimates are regularly compared to actual market data and actual transactions entered into by the Group.

Estimated useful lives of property, plant and equipment

The management of the Group determines the estimated useful lives and consequently the related depreciation charges for its property, plant and equipment. These estimates are based on the historical experience of the actual useful lives of property, plant and equipment. Management will increase the depreciation charges when useful lives are less than previously estimated lives, it will write off or write down technically obsolete or non-strategic assets that have been abandoned. Actual economic lives may differ from estimated useful lives. Periodic review may result in a change in useful lives and therefore the depreciation expenses in future years.

5. 主要會計判斷及估計不確定因 素之主要來源 （續）

以下為有關未來之主要假設及於報告期末 估計不確定因素之其他主要來源，該等假 設及估計均存有重大風險可能導致下一個 財政年度之資產及負債賬面值須作出重大 調整。

物業、廠房及設備以及無形資產 之減值評估

本集團於各報告日透過評估本集團可能導 致資產減值之特定情況評估減值。倘存在 觸發減值之情況，則會釐定資產之可收回 金額。於評估可收回金額時採用之使用價 值計算方法納入多項有關未來事件之主要 估計及假設，該等估計及假設涉及不確定 因素，並可能與實際結果極為不同。作出此 等主要估計及判斷時，董事會考慮主要基 於報告日之現行市況及適當市場及貼現率 之假設。

本集團會定期比較此等估計與實際市場數 據及本集團訂立之實際交易。

物業、廠房及設備之估計可使用 年期

本集團管理層釐定物業、廠房及設備之估 計可使用年期以及隨後相關折舊開支。該 等估計乃根據物業、廠房及設備之實際可 使用年期之過往經驗而作出。倘可使用年 期較先前所估計為短，則管理層將會提高 折舊開支，並會撇銷或撇減在技術上過時 或非策略性資產。實際經濟年期可能與所 估計可使用年期不同。定期檢討可導致可 使用年期出現變動，繼而引致未來年度折 舊開支出現變動。

AMCO UNITED HOLDING LIMITED 114 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

1. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY (continued)

Impairment of trade and other receivables

The policy for impairment of trade and other receivables of the Group is based on the evaluation of collectability and ageing analysis of the trade and other receivables and on management’s estimation. A considerable amount of estimation is required in assessing the ultimate realisation of these trade and other receivables. Factors considered include the current creditworthiness and the past collection history of each customer. If the financial conditions of customers of the Group were to deteriorate, resulting in impairment of their ability to make payments, additional impairment may be required.

1. 主要會計判斷及估計不確定因 素之主要來源 （續）

貿易及其他應收款項之減值

本集團貿易及其他應收款項之減值政策乃 以評估貿易及其他應收款項之可收回性及 賬齡分析及管理層之估計為基準。評估該 等貿易及其他應收款項之最終變現需要一 定程度之估計，所考慮之因素包括各客戶 目前之信譽及過往收回款項記錄。倘本集 團客戶之財務狀況惡化，導致其支付能力 受到損害，則可能須作出額外減值。

Impairment of goodwill

The Group tests annually whether goodwill has suffered any impairment in accordance with the accounting policy stated in Note 4.3. The recoverable amounts of CGUs have been determined based on value in use calculations. These calculations require the use of estimates about future cash flows, growth rates and discount rates. In the process of estimating expected future cash flows, management makes assumptions about future revenues and profits. These assumptions relate to future events and circumstances, the actual results may vary and may cause a material adjustment to the carrying amount of goodwill within the next financial year. Determining the appropriate discount rate involves estimating the appropriate adjustment for market risk and for asset specific risk factors.

商譽之減值

本集團每年根據附註4.3所載之會計政策測 試商譽是否遭受任何減值。現金產生單位 之可收回金額已根據使用價值計算方式釐 定。該等計算須使用有關未來現金流量、增 長率及貼現率之估計。於估計預期未來現 金流量之過程中，管理層作出有關未來收 入及溢利之假設。該等假設與未來事件及 情況有關，實際結果可能會有所不同並可 能會導致於下個財政年度內對商譽之賬面 值作出重大調整。釐定適當貼現率涉及估 計市場風險及資產特定風險因素之適當調 整。

雋泰控股有限公司 2015 年報 115

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

6. SEGMENT REPORTING

The Group determines its operating segments based on the reports reviewed by the chief operating decision-maker that are used to make strategic decisions.

The Group has four (2014: two) reportable segments. The segments are managed separately as each business offers different products and services and requires different business strategies. The following summary describes the operations in each of the Group’s reportable segments:

• (1) Manufacture and sale of medical devices products (“Medical Devices Business”);

• (2) Manufacture and sale of plastic moulding products (“Plastic Moulding Business”);

• (3) Provision of public relations services (“PR Business”); and

• (4) Provision of human resources management services (“HR Business”).

Inter-segment transactions, if any, are priced with reference to prices charged to external parties for similar products. Central revenue and expenses are not allocated to the operating segments as they are not included in the measure of the segments’ profit that is used by the chief operating decision-maker for assessment of segment performance.

The following is an analysis of the Group’s revenue and results by reportable segment:

6. 分部報告

本集團按主要經營決策者所審閱並賴以作 出戰略決策之報告釐定其經營分部。

本集團有四個（二零一四年：兩個）可報告 分部。由於各業務提供不同產品及服務及 所需之業務策略亦不盡相同，因此各分部 之管理工作乃獨立進行。以下為本集團各 可報告分部業務之概要：

• (1) 製造及銷售醫療設備產品（「醫療設備 業務」）；

• (2) 製造及銷售塑膠模具產品（「塑膠模具 業務」）；

• (3) 提供公共關係服務（「公關業務」）；及

• (4) 提供人力資源管理服務（「人力資源業 務」）。

分部間交易（如有）之價格乃參考就類似產 品向外部人士收取之價格釐定。由於中央 收入及開支並未計入主要經營決策者評估 分部表現時使用之分部溢利內，故並無分 配至各經營分部。

以下為本集團按可報告分部劃分之收入及 業績分析：

AMCO UNITED HOLDING LIMITED 116 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

1. SEGMENT REPORTING (continued)

(a) Business segments

For the year ended 31 December 2015

1. 分部報告 （續）

(a) 業務分部

截至二零一五年十二月三十一日止年 度

	Medical Devices Business Plastic Moulding Business PR Business HR Business Total HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 醫療設備業務 塑膠模具業務 公關業務 人力資源業務 總計 千港元 千港元 千港元 千港元 千港元
Revenue from external customers 來自外部客戶收入 Reportable segment revenue 可報告分部收入 Reportable segment profit/(loss) 可報告分部溢利╱（虧損） Interest income 利息收入 Depreciation 折舊 Gain on disposal of property, plant and equipment 出售物業、廠房及設備收益 Reportable segment assets 可報告分部資產 Additions to non-current assets 添置非流動資產 Reportable segment liabilities 可報告分部負債	54,340 16,627 878 507 72,352
	54,340 16,627 878 507 72,352
	2,151 (2,098) (510) (1,504) (1,961)
	1 – – – 1
	(387) (122) (10) (26) (545)
	– 797 – – 797
	13,782 750 219 199 14,950
	– 5 69 172 246
	(9,846) (4,794) (298) (193) (15,131)

雋泰控股有限公司 2015 年報 117

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

6. SEGMENT REPORTING (continued)

(a) Business segments (continued)

For the year ended 31 December 2014

6. 分部報告 （續）

(a) 業務分部 （續）

截至二零一四年十二月三十一日止年 度

	Medical Devices Business Plastic Moulding Business Total 醫療設備業務 塑膠模具業務 總計 HK$’000 HK$’000 HK$’000 千港元 千港元 千港元
Revenue from external customers 來自外部客戶收入 Reportable segment revenue 可報告分部收入 Reportable segment loss 可報告分部虧損 Interest income 利息收入 Depreciation 折舊 Gain on disposal of property, plant, and equipment 出售物業、廠房及 設備收益 Reportable segment assets 可報告分部資產 Additions to non-current assets 添置非流動資產 Reportable segment liabilities 可報告分部負債	26,537 49,933 76,470
	26,537 49,933 76,470
	(4,732) (13,195) (17,927)
	– 56 56 (1,208) (322) (1,530) 50 641 691 5,460 10,381 15,841 2,382 203 2,585 (5,483) (9,452) (14,935)

AMCO UNITED HOLDING LIMITED Annual Report 2015

118

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

1. SEGMENT REPORTING (continued)

2. (b) Reconciliation of reportable segment

revenue, profit or loss, assets and liabilities

1. 分部報告 （續）

2. (b) 可報告分部收入、損益、資產 及負債之對賬

	2015 HK$’000 二零一五年 千港元	2014 HK$’000 二零一四年 千港元
Revenue 收入 Reportable segment revenue 可報告分部收入 Loss before income tax expense 除所得稅開支前虧損 Reportable segment loss 可報告分部虧損 Loss on change in fair value of convertible notes 可換股票據之公允價值變動虧損 Impairment losses and write offs 減值虧損及撇銷 Finance costs 財務費用 Unallocated corporate income 未分配企業收入 Unallocated corporate expenses 未分配企業開支 Consolidated loss before income tax expense 除所得稅開支前綜合虧損 Assets 資產 Segment assets 分部資產 Leasehold land and buildings 租賃土地及樓宇 Intangible asset 無形資產 Goodwill 商譽 Pledged time deposits 已抵押定期存款 Cash and cash equivalents 現金及現金等價物 Unallocated corporate assets 未分配企業資產 Consolidated total assets 綜合總資產 Liabilities 負債 Segment liabilities 分部負債 Bank borrowings 銀行借貸 Amounts due to related parties 應付關連人士款項 Unallocated corporate liabilities 未分配企業負債 Consolidated total liabilities 綜合總負債		76,470
	72,352
		(17,927) (4,005) (13,981) (835) 2 (11,541)
	(1,961)
	–
	–
	(6)
	2,488
	(18,892)
		(48,287)
	(18,371)
		15,841 – – – 1,546 62,580 1,976
	14,950
	62,590
	2,584
	957
	–
	184,235
	9,250
		81,943
	274,566
		14,935 2,169 9,200 7,453
	15,131
	–
	9,200
	6,465
		33,757
	30,796

雋泰控股有限公司 2015 年報 119

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

6. SEGMENT REPORTING (continued)

(b) Reconciliation of reportable segment revenues, profit or loss, assets and liabilities

6. 分部報告 （續）

(b) 可報告分部收入、損益、資產 及負債之對賬 （續）

(continued)

Reportable segment loss represents the loss attributable to each segment without allocation of corporate administrative expenses, loss on changes in fair value of convertible notes, impairment losses and write offs, finance costs, corporate directors’ emoluments, corporate interest income and income tax expense. This is the measure reported to the chief operating decision-maker for the purposes of resource allocation and performance assessment.

All assets are allocated to reportable segments other than leasehold land and buildings, intangible asset, goodwill, pledged time deposits and cash and cash equivalents.

All liabilities are allocated to reportable segments other than bank borrowings and amounts due to related parties.

(c) Geographic information

The geographical location of customers is based on the location at which the goods delivered or service provided. The geographical location of the non-current assets is based on the physical and operating location of the assets.

The Group’s operations and workforce are mainly located in the PRC (country of domicile), including Hong Kong.

可報告分部虧損指各分部應佔之虧 損，當中並無就企業行政開支、可換股 票據公允價值變動虧損、減值虧損及 撇銷、財務費用、企業董事酬金、企業 利息收入及所得稅開支作出分配。此 乃向主要經營決策者報告以進行資源 分配及表現評估之方法。

所有資產均分配至可報告分部，惟並 不包括租賃土地及樓宇、無形資產、 商譽、已抵押定期存款以及現金及現 金等價物。

所有負債均分配至可報告分部，惟並 不包括銀行借貸以及應付關連人士款 項。

(c) 地區資料

客戶之地理位置乃根據交付貨品或提 供服務位置劃分。非流動資產之地理 位置乃根據資產之實際及經營位置劃 分。

本集團之業務及勞動力主要位於中國 （所在國家），包括香港。

AMCO UNITED HOLDING LIMITED 120 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

6. SEGMENT REPORTING (continued)

(c) Geographic information (continued)

6. 分部報告 （續）

• (c) 地區資料 （續）

The following table provides an analysis of the Group’s 下表載列本集團來自外部客戶之收入 revenue from external customers. 之分析。

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Asia 亞洲 – PRC including Hong Kong －中國（包括香港） – other region －其他地區 Europe 歐洲 North and South America 南北美洲		227 28,795 16,880 30,568
	1,396
	9,581
	3,710
	57,665
		76,470
	72,352
下表載列本集團非流動資產之分析。 The following table provides an analysis of the Group’s non- current assets. 2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Asia 亞洲 – PRC including Hong Kong －中國（包括香港）		3,169
	75,508

雋泰控股有限公司 2015 年報 121

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

6. SEGMENT REPORTING (continued)

(c) Geographic information (continued)

Information about major customers

6. 分部報告 （續）

(c) 地區資料 （續）

主要客戶資料

Revenue from customers contributing over 10% of the total sales of the Group are set out below:

來自貢獻本集團銷售總額超過10%之 客戶之收入載於下文：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Customer A – Medical Devices Business 客戶A－醫療設備業務 Customer B – Plastic Moulding Business 客戶B－塑膠模具業務 Customer C – Plastic Moulding Business 客戶C－塑膠模具業務 Customer D – Plastic Moulding Business 客戶D－塑膠模具業務	54,329	26,537 12,374 14,665 11,376
	8,634
	N/A (Note) 不適用（附註）
	N/A (Note) 不適用（附註）
主要客戶佔總收入之百分比載列如 下： The percentage of total revenue on major customers is set out below: 2015 2014 二零一五年 二零一四年
Customer A – Medical Devices Business 客戶A－醫療設備業務 Customer B – Plastic Moulding Business 客戶B－塑膠模具業務 Customer C – Plastic Moulding Business 客戶C－塑膠模具業務 Customer D – Plastic Moulding Business 客戶D－塑膠模具業務	75%	35% 16% 19% 15%
	12%
	N/A (Note) 不適用（附註）
	N/A (Note) 不適用（附註）

Note: The corresponding revenue did not contribute over 10% of the total sales of the Group.

附註： 相應的收入並未貢獻超過本集 團銷售總額的10%。

AMCO UNITED HOLDING LIMITED 122 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

7. REVENUE 7. 收入

Revenue represents the net invoiced value of goods sold or services provided, net of returns and trade discounts.

收入指已扣除退款及貿易折扣後之已售貨 品或提供服務之淨額。

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Sales of goods 銷售貨品 Provision of services 提供服務	70,967	76,470 –
	1,385
		76,470
	72,352

8. OTHER INCOME

8. 其他收益

Analysis of the Group’s other income recognised during the year is 於本年度內已確認本集團之其他收益分析 as follows: 如下：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Exchange gain, net 匯兌收益，淨額 Gain on disposal of property, plant and equipment 出售物業、廠房及設備收益 Interest income 利息收入 Rental income 租金收入 Others 其他	12	221 691 58 – 346
	797
	7
	5
	2,679
		1,316
	3,500

雋泰控股有限公司 2015 年報 123

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

9. IMPAIRMENT LOSSES AND WRITE OFFS

9. 減值虧損及撇銷

9.減值 IMPAIRMENT LOSSES AND WRITE OFFS	虧損及撇銷	虧損及撇銷
	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Impairment loss on property, plant and equipment (Note 16) 物業、廠房及設備之 減值虧損（附註16） Impairment loss on goodwill (Note 17) 商譽之減值虧損（附註17） Impairment loss on other deposits, prepayments and other receivables (Note 20) 其他按金、預付款項及 其他應收款項之減值虧損 （附註20） Other deposits, prepayments and other receivables written off (Note 20) 其他按金、預付款項及其他應收 款項撇銷（附註20）	–	2,069 11,836 4 72
	–
	–
	–
		13,981
	–

10. FINANCE COSTS

10. 財務費用

10.財務 FINANCE COSTS	費用	費用
	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Interest on bank borrowings wholly repayable within five years 須於五年內悉數償還之 銀行借貸之利息 Finance charge on obligation under finance leases 融資租賃承擔之財務費用	4	816 19
	2
		835
	6

AMCO UNITED HOLDING LIMITED 124 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

11. LOSS BEFORE INCOME TAX EXPENSE

11. 除所得稅開支前虧損

本集團之除所得稅開支前虧損已扣除下列 各項：

本集團之除所得稅開支前虧損已扣除下列 各項： The Group’s loss before income tax expense is arrived at after charging: 2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	本集團之除所得稅開支前虧損已扣除下列 各項： The Group’s loss before income tax expense is arrived at after charging: 2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	本集團之除所得稅開支前虧損已扣除下列 各項： The Group’s loss before income tax expense is arrived at after charging: 2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Employee costs (including Directors’ emoluments) 僱員成本（包括董事酬金） – Salaries, wages and other benefits －薪金、工資及其他福利 – Contribution to defined contribution retirement plan (Note 27) －界定供款退休計劃供款 （附註27） Depreciation of property, plant and equipment 物業、廠房及設備折舊 – Owned －自置 – Held under a finance lease －按融資租賃持有 Auditor’s remuneration 核數師酬金 Operating lease charges in respect of properties 有關物業之經營租賃費用 Write-off of inventories (Note 19) 撇銷存貨（附註19） Cost of inventories recognised as expenses 確認為開支之存貨成本 Cost of services 服務成本		21,370 652
	14,984
	414
		22,022
	15,398
		2,511 204 730 2,846 1,247 57,047 –
	1,699
	331
	800
	2,370
	–
	53,160
	1,724

• Included in “cost of sales” in the consolidated statement of profit or loss and other comprehensive income.

• 計入綜合損益及其他全面收益表中之

• 「銷售成本」內。

雋泰控股有限公司 2015 年報 125

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

12. INCOME TAX EXPENSES

12. 所得稅開支

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Deferred tax (Note 25) 遞延稅項（附註25）	235	–

Hong Kong Profits Tax is calculated at 16.5% of the estimated assessable profits for both years.

香港利得稅乃按該兩個年度之估計應課稅 溢利之16.5%計算。

No provision for Hong Kong Profits Tax had been made for the current year as the Group had sufficient tax losses brought forward to offset against the assessable profit for the year ended 31 December 2015. For the year ended 31 December 2014, no Hong Kong Profits Tax was provided as the Group did not derive any estimated assessable profits.

由於截至二零一五年十二月三十一日止年 度本集團已就足夠稅損承轉用作抵銷應課 稅溢利，故於本年度並無作出香港利得稅 撥備。由於截至二零一四年十二月三十一 日止年度，本集團並無任何估計應課稅溢 利，故並無作出香港利得稅撥備。

The income tax expense for the year can be reconciled to the loss before income tax expense per the consolidated statement of profit or loss and other comprehensive income as follows:

本年度所得稅費用與綜合損益及其他全面 收益表之除所得稅開支前虧損對賬如下：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Loss before income tax expense 除所得稅開支前虧損 Tax calculated at the rates applicable to the jurisdiction concerned 按有關司法權區之適用稅率 計算之稅項 Tax effect of expenses not deductible for tax purpose 不可扣稅開支之稅務影響 Tax effect of revenue not taxable for tax purpose 毋須課稅收入之稅務影響 Tax effect of tax losses not recognised 未確認稅項虧損之稅務影響 Tax effect of utilisation of tax losses previously not recognised 動用先前未確認稅項虧損之 稅務影響 Tax effect of temporary differences not recognised 未確認暫時性差異之稅務影響 Income tax expense 所得稅開支	(18,371)	(48,287)
		(8,591) 5,216 (172) 3,541 – 6
	(3,282)
	882
	(678)
	3,860
	(687)
	140
		–
	235

AMCO UNITED HOLDING LIMITED 126 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

13. LOSS PER SHARE

(a) Basic loss per share

The calculation of the basic loss per share is based on the loss attributable to the owners of the Company of HK$18,606,000 (2014: HK$48,287,000) and the weighted average of 1,234,046,809 (2014: 780,633,063 as restated) ordinary shares in issue during the year after the adjustment of the share consolidation, the bonus elements in the shares issued under the share placings as set out in Note 26 and the bonus elements in shares issued under the open offer completed subsequent to the reporting date but before the issuance of these financial statements, as set out in Note 40(e).

13. 每股虧損

(a) 每股基本虧損

每股基本虧損乃基於本公司擁有人 應佔虧損18,606,000港元（二零一四 年：48,287,000港元）及就附註26所 載之股份合併 、股份配售下發行股份 之分紅元素及就附註40(e)所載之於報 告日期後但於刊發該等財務報表前完 成之公開發售下發行股份之分紅元素 進行調整後之年內已發行之普通股加 權平均數1,234,046,809股（二零一四 年：780,633,063股，經重列）計算。

The comparative figures for the basic loss per share for the year ended 31 December 2014 are restated to take into account of the effect of the above share consolidation and the bonus elements arising from the placings completed during the year and open offer completed before the issuance of these financial statements retrospectively as if they had taken place since the beginning of the comparative period.

截至二零一四年十二月三十一日止年 度每股基本虧損之比較數字已重列， 以追溯計及股份合併及年內完成之配 售產生之分紅元素及刊發該等財務報 表前完成之公開發售之影響，猶如該 等事項自比較期間開始以來已進行。

(b) Diluted loss per share

(b) 每股攤薄虧損

No diluted loss per share has been presented because there was no potential dilutive ordinary share in issue for the years ended 31 December 2015 and 2014.

由於截至二零一五年及二零一四年 十二月三十一日止年度並無已發行之 潛在攤薄普通股，因此並無呈列每股 攤薄虧損。

The Company’s outstanding share options as at 31 December 2014 and the conversion of the convertible notes in 2014 were not taken into account as they had an anti-dilutive effect for the year ended 31 December 2014 which would result in a reduction in the loss per share. There were no outstanding share options as at 31 December 2015.

截至二零一四年十二月三十一日止 年度，本公司並無計及於二零一四年 十二月三十一日尚未行使之購股權及 於二零一四年轉換可換股票據，乃因 其具有反攤薄作用並導致每股虧損減 少。於二零一五年十二月三十一日， 並無尚未行使之購股權。

雋泰控股有限公司 2015 年報

127

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

14. DIRECTORS’ EMOLUMENTS

14. 董事酬金

The emoluments paid or payable to each of the six (2014: six) directors were as follows:

已付或應付六名（二零一四年：六名）董事 各自之酬金如下：

For the year ended 31 December 2015

截至二零一五年十二月三十一日止年度

	Directors’ fees HK$’000 董事袍金 千港元	Salaries, allowances and benefits in kind HK$’000 薪金、津貼及 實物利益 千港元	Retirement scheme contributions HK$’000 退休計劃供款 千港元	Total HK$’000 總計 千港元
Executive Directors 執行董事 Yip Wai Lun, Alvin 葉偉倫 Leung Mei Han (resigned on 9 November 2015) 梁美嫻（於二零一五年 十一月九日辭任） Cheng Kin Chor 鄭堅楚 Leung Kelvin Ming Yuen (appointed on 1 May 2015) 梁明遠（於二零一五年 五月一日獲委任） Independent Non-executive Directors 獨立非執行董事 Wong Siu Ki (appointed on 1 May 2015) 黃兆麒（於二零一五年 五月一日獲委任） Chan Ngai Sang Kenny (appointed on 30 June 2015) 陳毅生（於二零一五年 六月三十日獲委任） Li Kwok Fat (appointed on 30 June 2015) 李國發（於二零一五年 六月三十日獲委任） Leung Ka Kui, Johnny (retired on 30 June 2015) 梁家駒（於二零一五年 六月三十日退任） Chan Kam Kwan, Jason (resigned on 30 June 2015) 陳錦坤（於二零一五年 六月三十日辭任） Lau Man Tak (retired on 30 June 2015) 劉文德（於二零一五年 六月三十日退任） Total 總計
	–	2,555	33	2,588
	–	257	13	270
	–	754	18	772
	–	160	8	168
	67	–	–	67
	50	–	–	50
	50	–	–	50
	50	–	–	50
	50	–	–	50
	50	–	–	50
	317	3,726	72	4,115

AMCO UNITED HOLDING LIMITED 128 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

14. DIRECTORS’ EMOLUMENTS (continued)

14. 董事酬金 （續）

For the year ended 31 December 2014

截至二零一四年十二月三十一日止年度

	Directors’ fees Salaries, allowances and benefits in kind Retirement scheme contributions Total HK$’000 HK$’000 HK$’000 HK$’000 董事袍金 薪金、津貼及 實物利益 退休計劃供款 總計 千港元 千港元 千港元 千港元
Executive Directors 執行董事 Yip Wai Lun, Alvin 葉偉倫 Leung Mei Han 梁美嫻 Cheng Kin Chor (appointed on 1 October 2014) 鄭堅楚（於二零一四年 十月一日獲委任） Independent Non-executive Directors 獨立非執行董事 Leung Ka Kui, Johnny 梁家駒 Chan Kam Kwan, Jason 陳錦坤 Lau Man Tak 劉文德 Total 總計	– 3,625 32 3,657 – 300 15 315 – 168 4 172 100 – – 100 100 – – 100 100 – – 100
	300 4,093 51 4,444

During both years ended 31 December 2015 and 2014, no emoluments were paid by the Group to the Directors, as an inducement to join or upon joining the Group as compensation for loss of office.

於截至二零一五年及二零一四年十二月 三十一日止兩個年度內，本集團並無向董 事支付任何酬金，作為促使加入本集團或 於加入本集團時之獎勵或作為離職補償。

No Directors waived any emoluments in the year ended 31 December 2015 (2014: Nil).

於截至二零一五年十二月三十一日止年 度，概無董事放棄任何酬金（二零一四年： 無）。

雋泰控股有限公司 2015 年報 129

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

15. EMPLOYEES’ EMOLUMENTS

15. 僱員酬金

Of the five individuals with the highest emoluments in the Group, two (2014: one) were Directors whose emoluments are included in the disclosure in Note 14 above. The emoluments of the remaining three (2014: four) individuals were as follows:

本集團五名最高薪酬之人士中，包括兩名 （二零一四年：一名）董事，該等董事之酬 金於上文附註14披露。餘下三名人士（二零 一四年：四名人士）之酬金如下：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Salaries and other emoluments 薪金及其他酬金 Retirement scheme contributions 退休計劃供款	2,057	2,649 67
	54
		2,716
	2,111

Their emoluments were within the following band:

彼等之酬金界乎下列範圍內：

	2015 2014 Number of individuals Number of Individuals 二零一五年 二零一四年 人數 人數	2015 2014 Number of individuals Number of Individuals 二零一五年 二零一四年 人數 人數
Nil to HK$1,000,000 零至1,000,000港元	3	4

During both years ended 31 December 2015 and 2014, no emoluments were paid by the Group to the five highest paid individuals, including Directors, as an inducement to join or upon joining the Group as compensation for loss of office.

於截至二零一五年及二零一四年十二月 三十一日止兩個年度內，本集團並無支付 任何酬金予五名最高薪酬之人士（包括董 事），作為促使加入本集團或於加入本集團 時之獎勵或作為離職補償。

The remuneration of one (2014: two) senior management personnel has been disclosed in the above table of the five highest paid individuals.

除兩名薪酬介乎下列範圍之人士外，一名 （二零一四年：兩名）高級管理人員之薪酬 已於上述五名最高薪酬人士之列表內披 露。

AMCO UNITED HOLDING LIMITED 130 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

16. PROPERTY, PLANT AND EQUIPMENT

16. 物業、廠房及設備

	Leasehold land and buildings HK$’000 租賃土地 及樓宇 千港元	Plant and machinery HK$’000 廠房及 機器 千港元	Furniture, fixtures and office equipment HK$’000 傢俬、裝置及 辦公設備 千港元	Motor vehicles HK$’000 汽車 千港元	Total HK$’000 總計 千港元
Cost 成本 At 1 January 2014 於二零一四年一月一日 – Additions at cost 添置（按成本值） – Disposals 出售 – Written off 撇銷 – At 31 December 2014 and 1 January 2015 於二零一四年十二月三十一日 及二零一五年一月一日 – Additions at cost 添置（按成本值） – Acquisition of a subsidiary (Note 33(a)) 收購一間附屬公司（附註33(a)） – Acquisition of asset through acquisition of a subsidiary (Note 33(b)) 透過收購附屬公司購買資產 （附註33(b)） 62,590 Disposals 出售 – Written off 撇銷 – At 31 December 2015 於二零一五年十二月三十一日 62,590 Accumulated depreciation and impairment 累計折舊及減值 At 1 January 2014 於二零一四年一月一日 – Depreciation 折舊 – Impairment loss (Note 9) 減值虧損（附註9） – Disposals 出售 – Written off 撇銷 – At 31 December 2014 and 1 January 2015 於二零一四年十二月三十一日 及二零一五年一月一日 – Depreciation 折舊 – Disposals 出售 – Written off 撇銷 – At 31 December 2015 於二零一五年十二月三十一日 – Net book value 賬面淨值 At 31 December 2015 於二零一五年十二月三十一日 62,590 At 31 December 2014 於二零一四年十二月三十一日 –	– – – –	17,836 590 (7,078) –	3,018 64 (420) (177)	4,898 1,931 (985) –	25,752 2,585 (8,483) (177)
	–	11,348	2,485	5,844	19,677
	–	–	1,580	–	1,580
		–	419	–	419
	62,590	–	–	–	62,590
	–	(1,284)	(174)	(1,018)	(2,476)
	–	–	(1,124)	–	(1,124)
	62,590	10,064	3,186	4,826	80,666
	– – – – –	14,993 898 2,067 (6,610) –	2,492 317 2 (265) (177)	2,258 1,500 – (967) –	19,743 2,715 2,069 (7,842) (177)
	–	11,348	2,369	2,791	16,508
	–	–	391	1,639	2,030
	–	(1,284)	(149)	(1,018)	(2,451)
	–	–	(1,124)	–	(1,124)
	–	10,064	1,487	3,412	14,963
	62,590 –	– –	1,699 116	1,414 3,053	65,703 3,169

雋泰控股有限公司 2015 年報

131

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

16. PROPERTY, PLANT AND EQUIPMENT (continued)

16. 物業、廠房及設備 （續）

The net carrying value of a motor vehicle held under a finance lease of the Group was nil (2014: HK$102,000). The asset was pledged to secure the Group’s obligation under a finance lease as at 31 December 2014.

本集團根據融資租賃持有之汽車之賬面淨 值為零（二零一四年：102,000港元）。該資 產於二零一四年十二月三十一日已抵押以 擔保本集團之融資租賃承擔。

The building is situated on leasehold land in Hong Kong held under long term lease.

樓宇位於香港一幅租賃土地上，乃按長期 租約持有。

Impairment loss

For the year ended 31 December 2014, an impairment loss of HK$2,069,000 on property, plant and equipment that related to the segment of Medical Devices Business was recognised as a result of an impairment assessment made by the management as detailed in Note 17.

減值虧損

截至二零一四年十二月三十一日止年度， 管理層對醫療設備業務分部進行減值評估 （詳見附註17），據此，與此分部相關之物 業、廠房及設備確認2,069,000港元之減值 虧損。

17. GOODWILL

17. 商譽

Goodwill acquired in a business combination is allocated, at acquisition, to the CGU that is expected to benefit from that business combination. The carrying amount of goodwill of HK$957,000 as at 31 December 2015 related to a new business unit acquired during the year, as further explained below.

業務合併中收購之商譽於收購時分配至預 期在業務合併中受益之現金產生單位。商 譽於二零一五年十二月三十一日之賬面值 為957,000港元與本年度收購之新業務單位 有關，如下文所進一步闡述：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Cost 成本 Less: Accumulated impairment losses 減：累計減值虧損 Net book value 賬面淨值	68,319	67,362 (67,362)
	(67,362)
		–
	957

AMCO UNITED HOLDING LIMITED Annual Report 2015

132

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

17. GOODWILL (continued)

Provision for information technology services

At 31 December 2015, goodwill of HK$957,000 relates to the provision of information technology services business unit acquired as part of the acquisition of Zeed Asia Technology Limited (“Zeed Asia”) during the year as further explained in Note 33(a). At each reporting date, the goodwill relating to this CGU is subject to impairment testing.

17. 商譽 （續）

提供資訊技術服務

於二零一五年十二月三十一日，957,000港 元之商譽乃年內收購創天亞洲科技有限公 司（「創天亞洲」）作為收購有關提供資訊技 術服務業務單位之一部份（於附註33(a)進 一步闡述）。於各報告日期，與此現金產生 單位有關之商譽須進行減值測試。

The recoverable amount of the CGU has been determined using cash flow projections to calculate value in use based on estimates and financial budgets approved by the management. These projections cover a five-year period, and have been discounted using a pre-tax discount rate of 19.68%. The cash flows beyond that five-year period have been extrapolated using a growth rate of 3%.

現金產生單位之可收回金額已根據管理層 所批准之估計及財政預算利用現金流量預 測計算使用價值釐定。該等預測涵蓋五年 期間，已使用19.68%之稅前貼現率貼現。 超出五年期間之現金流量已使用3%增長率 推算。

All of the assumptions and estimations involved in the preparation of the cash flow projection including budgeted gross margin, discount rate and growth rate are determined by the management of the Group based on their experience and expectation for future market development.

編製現金流量預測涉及之所有假設及估計 （包括預算毛利率、貼現率及增長率）乃由 本集團管理層根據過往經驗及彼等對未來 市場發展之預期而釐定。

The Directors believe that any reasonably possible change in the key assumptions on which the recoverable amount is based would not cause the carrying amount of the unit to exceed the aggregate recoverable amount of the CGU.

董事認為，主要假設（可收回金額以之為基 準）之任何合理可能變動將不會導致單位 之賬面值超出現金產生單位之可收回金額 總額。

雋泰控股有限公司 2015 年報 133

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

17. GOODWILL (continued)

Medical Devices Business

At 31 December 2014, goodwill at cost of HK$67,362,000 related to the Medical Devices Business unit, which is also a CGU, acquired as part of the acquisition of the Titron Group in 2011 as mentioned in Notes 22 and 34. Owing to the significant and continuous losses incurred by this business unit, all of the goodwill of HK$67,362,000 was considered impaired as at 31 December 2014.

At 31 December 2014, the recoverable amount of the CGU was determined using cash flow projections to calculate value in use based on estimates and financial budgets approved by the management. These projections cover a five-year period, and were discounted using a pre-tax discount rate of 14.62%. The cash flows beyond that five-year period was extrapolated using a zero growth rate.

All of the assumptions and estimations involved in the preparation of the cash flow projection including budgeted gross margin, discount rate and growth rate were determined by the management of the Group based on past performance, experience and their expectation for future market development.

Based on the assessment in 2014, the recoverable amount of the CGU fell below zero, resulting in an impairment loss of HK$11,836,000 (Note 9) and HK$2,069,000 (Note 16) recognised on goodwill and property, plant and equipment respectively during the year ended 31 December 2014. Accordingly, goodwill related to the medical devices operations of the Group was written down to zero as at 31 December 2014.

17. 商譽 （續）

醫療設備業務

於二零一四年十二月三十一日，按成本 67,362,000港元計值之商譽乃於二零一一 年收購德隆集團作為收購有關醫療設備業 務單位（亦為現金產生單位）之一部份（如 附註22及34所述）。鑑於該業務單位持續錄 得巨額虧損，遂於二零一四年十二月三十一 日全部商譽67,362,000港元被視為出現減 值。

於二零一四年十二月三十一日，現金產生 單位之可收回金額已根據管理層所批准之 估計及財政預算利用現金流量預測計算使 用價值釐定。該等預測涵蓋五年期間，已使 用14.62%之稅前貼現率貼現。超出五年期 間之現金流量已使用零增長率推算。

編製現金流量預測涉及之所有假設及估計 （包括預算毛利率、貼現率及增長率）乃由 本集團管理層根據過往表現、經驗及彼等 對未來市場發展之預期而釐定。

根據二零一四年之評估，現金產生單位之 可收回金額下降至低於零，導致截至二零 一四年十二月三十一日止年度分別就商 譽以及物業、廠房及設備確認減值虧損 11,836,000港元（附註9）及2,069,000港 元（附註16）。因此，於二零一四年十二月 三十一日，有關本集團之醫療設備業務之 商譽已撇減至零。

AMCO UNITED HOLDING LIMITED 134 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

18. INTANGIBLE ASSET

18. 無形資產

	In-process research and development project HK$’000 進行中之研發項目 千港元
Cost and carrying value 成本及賬面值 At 1 January 2015 於二零一五年一月一日 Acquisition through a business combination (Note 33(a)) 透過業務合併收購（附註33(a)） Additions from development projects 從開發項目添置 At 31 December 2015 於二零一五年十二月三十一日	– 2,202 382
	2,584

The intangible asset of in-process research and development project (“in-process R&D”) represented the in-process development of an internet financial platform (“Platform”) by Zeed Asia, a whollyowned subsidiary of the Company newly acquired during the year, further details of which are set out in Note 33(a). The development of the Platform is at the final stage for testing and is expected to be completed within the next financial year.

進行中之研發項目（「進行中之研發項目」） 涉及的無形資產指本公司年內新收購之全 資附屬公司創天亞洲正在開發之互聯網金 融平台（「平台」），進一步詳情載於附註 33(a)。平台開發處於測試後期階段及預期 於下個財政年度內完成。

Since the Platform was under development and not ready for use, no amortisation has been recognised during the year ended 31 December 2015. It is tested for impairment annually until it is available for use. Upon completion of the development and successful test for implementation, the Platform will have a finite useful life and will be measured initially at cost and subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

由於平台正在開發中及尚未可投入使用， 故於截至二零一五年十二月三十一日止年 度內並無確認攤銷，但將會每年進行減值 測試，直至可供使用為止。平台於完成開發 階段及成功進行測試後將具有有限使用年 期，初步按成本值計量，隨後按成本減累計 攤銷及累計減值虧損計量。

Based on the impairment assessment performed by management, the Directors are of the opinion that no impairment on the inprocess R&D is considered necessary.

根據管理層進行之減值評估，董事認為毋 須就進行中之研發項目計提減值。

雋泰控股有限公司 2015 年報 135

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

19. INVENTORIES

19. 存貨

19.存貨 INVENTORIES
	2015 HK$’000 二零一五年 千港元	2014 HK$’000 二零一四年 千港元
Raw materials 原材料 Work in progress 在製品 Finished goods 製成品	–	634 170 994
	–
	11
		1,798
	11

During the year ended 31 December 2015, no write-off of inventories (2014: HK$1,247,000) was recognised in profit or loss (Note 11).

於截至二零一五年十二月三十一日止年度 並無就撇銷存貨於損益確認（二零一四年： 1,247,000港元）（附註11）。

20. TRADE AND OTHER RECEIVABLES

20. 貿易及其他應收款項

20.貿易 TRADE AND OTHER RECEIVABLES	及其他應收	款項
	2015 HK$’000 二零一五年 千港元	2014 HK$’000 二零一四年 千港元
Non-current 非即期 Deposit for acquisition of a subsidiary (Note) 收購一間附屬公司之按金（附註） Deposit for purchase of a property, plant and equipment 購買物業、廠房及設備之按金 Current 即期 Trade receivables 貿易應收款項 Other deposits, prepayments and other receivables 其他按金、預付款項及 其他應收款項 Less: Impairment loss recognised on other deposits, prepayments and other receivables (Note 9) 減：就其他按金、預付款項及 其他應收款項確認之 減值虧損（附註9） Total current portion 即期部分總額 Total trade and other receivables 貿易及其他應收款項總額		– –
	6,150
	114
		– 10,067 2,612 (4)
	6,264
	10,860
	3,952
	–
		2,608
	3,952
		12,675
	14,812
		12,675
	21,076

Note: The deposit paid for acquisition of a subsidiary under noncurrent assets represents deposit paid for the acquisition of a subsidiary, ACE Engineering, details of which are set out in Note 40(a).

附註： 非流動資產項下乃收購一間附屬公 司已付之按金指收購一間附屬公司 安迪工程已付之按金，詳情載於附註 40(a)。

AMCO UNITED HOLDING LIMITED Annual Report 2015

136

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

20. TRADE AND OTHER RECEIVABLES (continued)

20. 貿易及其他應收款項 （續）

The Group allows an average credit period of 30 to 90 days (2014: 30 to 90 days) to its trade customers. The following is an aged analysis of trade receivables (net of accumulated impairment losses) by invoice date as at the end of the reporting period.

本集團給予其貿易客戶之平均信貸期為30 至90天（二零一四年：30至90天）。於報告 期末貿易應收款項（扣除累計減值虧損）按 發票日期之賬齡分析如下。

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Current 即期 1 to 90 days 1至90天 91 to 180 days 91至180天 Over 180 days 181天以上 Trade receivables 貿易應收款項	2,156	81 9,895 67 24
	4,812
	3,798
	94
		10,067
	10,860

In respect of trade receivables, individual credit evaluations are performed on all customers requiring credit over a certain amount. These evaluations focus on the customers’ past history of making payments when due and current liability to pay, and take into account information specific to the customer as well as pertaining to the economic environment in which the customers operate. The Group does not hold any collateral over these balances. Receivables that were neither past due nor impaired constitute about 53% (2014: 80%) of total trade receivables, and relate to a wide range of customers for whom there was no recent history of default. The following is an aged analysis of trade receivables (net of accumulated impairment losses) by due date as at the end of the reporting period.

就貿易應收款項而言，所有要求超出信貸 限額之客戶均須進行個別信貸評估。此等 評估集中於客戶過往於到期時還款記錄， 以及現時還款之能力，並會考慮客戶特定 之賬戶資料及參考客戶經營所處之經濟環 境。本集團並未就該等結餘持有任何抵押。 未逾期亦未減值之應收款項佔貿易應收款 項總額約53%（二零一四年：80% ），且與 近期並無拖欠記錄之客戶有關。於報告期 末，貿易應收款項（扣除累計減值虧損）按 到期日之賬齡分析如下。

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Neither past due nor impaired 未逾期亦未減值 Less than 3 months past due 逾期少於三個月 3 to 6 months past due 逾期三至六個月 Over 6 months past due 逾期六個月以上 Trade receivables 貿易應收款項	5,730	8,066
		1,977 – 24
	1,346
	3,780
	4
		2,001
	5,130
		10,067
	10,860

雋泰控股有限公司 2015 年報

137

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

20. TRADE AND OTHER RECEIVABLES (continued)

20. 貿易及其他應收款項 （續）

Included in the Group’s trade receivables balance are debtors with aggregate carrying amount of approximately HK$5,130,000 (2014: HK$2,001,000) which are past due as at the reporting date for which the Group has not provided any impairment loss. The Group does not hold any collateral over these balances.

本集團之貿易應收款項結餘包括於報告日 期已逾期總賬面值約5,130,000港元（二零 一四年：2,001,000港元）之應收款項，而本 集團並未作出任何減值虧損撥備。本集團 並無就該等結餘持有任何抵押。

Receivables that were past due but not impaired relate to a number of independent customers that have a good repayment record with the Group. Based on past experience, management believes that no impairment allowance is necessary in respect of these balances as there has not been a significant change in credit quality and the balances are still considered fully recoverable.

已逾期但未減值之應收款項與本集團若干 還款記錄良好之獨立客戶有關。根據過往 經驗，管理層認為並無必要就該等結餘作 出減值撥備乃因信貸質素並無重大變動， 且該等結餘被視為仍可悉數收回。

Movement in the impairment losses of other deposits, prepayments and other receivables

其他按金、預付款項及其他應收 款項減值虧損變動

款項 deposits, prepayments and other receivables	減值虧損變動	減值虧損變動
	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
At 1 January 於一月一日 Written off 撇銷 Impairment loss recognised (Note 9) 已確認減值虧損（附註9） At 31 December 於十二月三十一日	4	5,287 (5,287) 4
	(4)
	–
		4
	–

AMCO UNITED HOLDING LIMITED 138 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

20. TRADE AND OTHER RECEIVABLES (continued)

Movement in the impairment losses of other deposits, prepayments and other receivables

20. 貿易及其他應收款項 （續）

其他按金、預付款項及其他應收 款項減值虧損變動 （續）

(continued)

As at 1 January 2014, included in other deposits, prepayments and other receivables were refundable earnest monies of approximately HK$5,359,000 paid to the potential vendors (“Potential Vendors”) for a possible acquisition of a company specialised in clinical studies in various areas of pathology in Germany (“Investment Project”). A non-legal binding memorandum of understanding was entered into by the Company and the Potential Vendors on 28 September 2012 as per the announcement made by the Company on 2 October 2012. No formal agreement was entered into by the Company and the Potential Vendors as at 31 December 2012. Provision of HK$4,230,000 was made in 2012 based on management’s assessment at that time of what they considered would be recovered. During 2013, the management decided to abandon the Investment Project as due diligence revealed that patents of the Potential Vendors had legal title issues. As a result, an additional allowance for impairment of HK$1,057,000 was recognised for the year ended 31 December 2013 based on an impairment assessment carried out by the management as at 31 December 2013. During the year ended 31 December 2014, the management considered the recovery of the earnest monies was remote and, accordingly, the receivable of HK$5,359,000 was written off entirely, of which HK$72,000 was written off directly to profit or loss for the year ended 31 December 2014 (Note 9) and HK$5,287,000 was written off against the provision brought forward.

於二零一四年一月一日，其他按金、預付款 項及其他應收款項包括就可能收購德國一 間專攻多個病理學臨床研究之公司（「投資 項目」），已向潛在賣方（「潛在賣方」）支付 之可退回誠意金約5,359,000港元。誠如本 公司於二零一二年十月二日刊發之公告所 載，本公司與潛在賣方已於二零一二年九月 二十八日訂立不具法律約束力之諒解備忘 錄。於二零一二年十二月三十一日，本公司 與潛在賣方並無訂立任何正式協議。於二 零一二年，按照管理層認為可予收回當時 評估作出撥備4,230,000港元。於二零一三 年，由於盡職審查中發現潛在賣方若干專利 存在合法擁有權問題，故管理層決定放棄 投資項目。因此，根據管理層於二零一三年 十二月三十一日所進行之減值評估，於截 至二零一三年十二月三十一日止年度額外 確認1,057,000港元之減值撥備。於截至二 零一四年十二月三十一日止年度，管理層 認為收回誠意金機會不大，因此，應收款項 5,359,000港元已全數撇銷，其中72,000港 元於截至二零一四年十二月三十一日止年 度直接於損益撇銷（附註9），而5,287,000 港元則於承前撥備撇銷。

雋泰控股有限公司 2015 年報 139

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

21. CASH AND CASH EQUIVALENTS AND PLEDGED TIME DEPOSITS

21. 現金及現金等價物以及已抵押 定期存款

定期 PLEDGED TIME DEPOSITS	存款
	2015 HK$’000 二零一五年 千港元	2014 HK$’000 二零一四年 千港元
Short-term bank deposits 短期銀行存款 Cash at banks and in hand 銀行及手頭現金 Less: Pledged time deposits 減：已抵押定期存款 Cash and cash equivalents 現金及現金等價物	–	1,546 62,580
	184,235
		(1,546)
	–
		62,580
	184,235

Cash and cash equivalents comprise bank balances and cash held by the Group and short-term bank deposits with maturity of three months or less. The bank balances carry interest at market rates which range from 0.01% to 0.25% (2014: 0.01% to 0.25%) per annum.

現金及現金等價物包括本集團持有之銀行 結餘及現金，以及期限為三個月或以下之 短期銀行存款。銀行結餘按市場年利率介 乎0.01厘至0.25厘（二零一四年：0.01厘至 0.25厘）計息。

There were no short-term bank deposits at 31 December 2015. As at 31 December 2014, included in the short-term bank deposits of HK$1,546,000 were pledged time deposits of RMB1,227,000 at an annual interest rate of 1.95% deposited as securities for certain banking facilities granted to the Group.

於二零一五年十二月三十一日，並無任何短 期銀行存款。於二零一四年十二月三十一 日，短期銀行存款1,546,000港元中包括已 抵押定期存款人民幣1,227,000元，按年利 率1.95厘計息，乃作為向本集團授予若干銀 行信貸之擔保而存入。

22. TRADE AND OTHER PAYABLES

22. 貿易及其他應付款項

	2015 HK$’000 二零一五年 千港元	2014 HK$’000 二零一四年 千港元
Trade payables 貿易應付款項 Accruals and other payables 應計款項及其他應付款項 Amounts due to related parties 應付關連人士款項	8,067	5,656 16,716
	13,175
		22,372
	21,242
		9,200
	9,200
		31,572
	30,442

AMCO UNITED HOLDING LIMITED 140 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

22. TRADE AND OTHER PAYABLES (continued)

22. 貿易及其他應付款項 （續）

As at 31 December 2015 and 2014, included in amounts due to related parties are an amount due to Titron Group Holdings Limited (“TGHL”), in the amount of HK$1,700,000 (2014: HK$1,700,000) and the cash consideration of HK$7,500,000 payable to the Vendors of Titron Group (as defined below) arising from the acquisition of Titron Group in 2011 (Note 34).

於二零一五年及二零一四年十二月三十一 日，應付關連人士款項包括一筆應付Titron Group Holdings Limited（「TGHL 」）之款項 1,700,000港元（二零一四年：1,700,000港 元）及於二零一一年收購德隆集團（附註 34）產生之應付德隆集團（定義見下文）賣 方之現金代價7,500,000港元。

TGHL was one of the Vendors in the acquisition of Apex Solution Group Limited, Titron Industries Limited, Titron International Limited, Titron Manufacturing Limited, Titron Precision Limited and its subsidiaries in the PRC (collectively referred to as “Titron Group”) in 2011 pursuant to the sales and purchase agreement as described in Note 34. Titron Group is principally engaged in the Medical Devices Business and the Plastic Moulding Business. One of the shareholders of TGHL, Yip Wai Lun, Alvin, the Chairman and Managing Director of the Company, owns shares in the Company.

根據附註34所述之買賣協議，TGHL為二零 一一年收購鴻略集團有限公司、德隆製造 有限公司、德隆環球有限公司、德隆國際企 業有限公司、德隆精密有限公司及其中國 附屬公司（統稱為「德隆集團」）中其中一位 賣方。德隆集團主要從事醫療設備業務及 塑膠模具業務。TGHL其中一位股東葉偉倫 先生（本公司主席兼董事總經理）擁有本公 司股份。

The amounts due to related parties as at 31 December 2015 and 2014 were unsecured, interest-free and repayable on demand.

於二零一五年及二零一四年十二月三十一 日，應付關連人士之款項為無抵押及免息， 並須按要求償還。

The following is an aged analysis of trade payables presented based on the invoice date at the end of the reporting period.

以下為於報告期末按發票日期呈列之貿易 應付款項之賬齡分析。

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Within 3 months 三個月內 Over 3 months but within 6 months 超過三個月但於六個月內 Over 6 months 超過六個月	7,946	5,623 29 4
	109
	12
		5,656
	8,067

The average credit period on purchases of goods is 30-90 days (2014: 30-90 days).

購買貨品之平均信貸期為30至90天（二零 一四年：30至90天）。

雋泰控股有限公司 2015 年報 141

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

23. BANK BORROWINGS

23. 銀行借貸

23.銀行 BANK BORROWINGS	借貸	借貸
	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Bank borrowings 銀行借貸 – trust receipt loans (secured) －信託收據貸款（有抵押）		2,169
	–

As at 31 December 2014, trust receipt loans borrowed from major banks situated in Hong Kong were secured by certain assets of the Group, and bore interest at 4.00% to 6.00% per annum.

於二零一四年十二月三十一日，自位於香 港之主要銀行借入之信託收據貸款乃以本 集團之若干資產作抵押，並按年利率4.00厘 至6.00厘計息。

As at 31 December 2014, total current bank borrowings which contain a repayment on demand clause and were scheduled to repay as follows:

於二零一四年十二月三十一日，載有按要 求償還條款之即期銀行借貸總額須如期償 還如下：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
On demand or within one year 按要求或於一年內	–	2,169

因各項利率變動對借貸產生之風險如下： The exposure of borrowings to various interest rates changes is as follows: 2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	因各項利率變動對借貸產生之風險如下： The exposure of borrowings to various interest rates changes is as follows: 2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	因各項利率變動對借貸產生之風險如下： The exposure of borrowings to various interest rates changes is as follows: 2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Variable-rate borrowings 可變利率借貸	–	2,169

AMCO UNITED HOLDING LIMITED 142 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

24. OBLIGATION UNDER A FINANCE LEASE

24. 融資租賃承擔

本集團租賃一輛汽車。由於租期為有關資產 之預計可使用經濟年期，而本集團一般可 於最短租期後支付象徵式金額徹底購買該 資產，因此，該資產一般分類為融資租賃。 租賃於年內全數償清，因此於二零一五年 十二月三十一日並無任何融資租賃承擔。

本集團租賃一輛汽車。由於租期為有關資產 之預計可使用經濟年期，而本集團一般可 於最短租期後支付象徵式金額徹底購買該 資產，因此，該資產一般分類為融資租賃。 租賃於年內全數償清，因此於二零一五年 十二月三十一日並無任何融資租賃承擔。 於二零一四年十二月三十一日，未來租賃 付款到期年限如下： The Group leased a motor vehicle. Such asset was generally classified as a finance lease as the rental period amounts to the estimated useful economic life of the asset concerned and often the Group had the right to purchase the asset outright at the end of the minimum lease term by paying a nominal amount. The lease was fully settled during the year and thus there was no obligation under finance lease as at 31 December 2015. Future lease payments as at 31 December 2014 were due as follows: Minimum lease payments Interest Present Value 2014 2014 2014 HK$’000 HK$’000 HK$’000 最低租賃付款 利息 現值 二零一四年 二零一四年 二零一四年 千港元 千港元 千港元	本集團租賃一輛汽車。由於租期為有關資產 之預計可使用經濟年期，而本集團一般可 於最短租期後支付象徵式金額徹底購買該 資產，因此，該資產一般分類為融資租賃。 租賃於年內全數償清，因此於二零一五年 十二月三十一日並無任何融資租賃承擔。 於二零一四年十二月三十一日，未來租賃 付款到期年限如下： The Group leased a motor vehicle. Such asset was generally classified as a finance lease as the rental period amounts to the estimated useful economic life of the asset concerned and often the Group had the right to purchase the asset outright at the end of the minimum lease term by paying a nominal amount. The lease was fully settled during the year and thus there was no obligation under finance lease as at 31 December 2015. Future lease payments as at 31 December 2014 were due as follows: Minimum lease payments Interest Present Value 2014 2014 2014 HK$’000 HK$’000 HK$’000 最低租賃付款 利息 現值 二零一四年 二零一四年 二零一四年 千港元 千港元 千港元	本集團租賃一輛汽車。由於租期為有關資產 之預計可使用經濟年期，而本集團一般可 於最短租期後支付象徵式金額徹底購買該 資產，因此，該資產一般分類為融資租賃。 租賃於年內全數償清，因此於二零一五年 十二月三十一日並無任何融資租賃承擔。 於二零一四年十二月三十一日，未來租賃 付款到期年限如下： The Group leased a motor vehicle. Such asset was generally classified as a finance lease as the rental period amounts to the estimated useful economic life of the asset concerned and often the Group had the right to purchase the asset outright at the end of the minimum lease term by paying a nominal amount. The lease was fully settled during the year and thus there was no obligation under finance lease as at 31 December 2015. Future lease payments as at 31 December 2014 were due as follows: Minimum lease payments Interest Present Value 2014 2014 2014 HK$’000 HK$’000 HK$’000 最低租賃付款 利息 現值 二零一四年 二零一四年 二零一四年 千港元 千港元 千港元
Not later than one year 一年內 Interest rate underlying the obligation under a finance lease respective contract date was as follows:	18 (2) 16
	融資租賃承擔之相關利率於各合約日期如 下： at 2014 二零一四年
Fixed-rate 固定利率 The present value of future lease payments was analysed as:	未來租賃付款之現值分析如下： 1.9% 2014 二零一四年	1.9%
本集團之融資租賃承擔乃以出租人之出租 資產押記作擔保。 Current liabilities 流動負債 16 The Group’s obligation under a finance lease was secured by the lessor’s charge over the leased asset.		16

雋泰控股有限公司 2015 年報 143

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

25. DEFERRED TAX

25. 遞延稅項

於二零一五年及二零一四年十二月三十一 日，本集團並無遞延稅項資產。遞延稅項負 債之詳情及變動如下：

As at 31 December 2015 and 2014,	the Group did not have any	於二零	一五年及二零一四年	十二月三十一
deferred tax assets. The details and	movement of deferred tax	日，本集團並無遞延稅項資產。遞延稅項負
liabilities are as follows:		債之詳情及變動如下：
			Fair value
		Accelerated tax	adjustment on
		depreciation	intangible asset	Total
		HK$’000	HK$’000	HK$’000
			無形資產之
		加速稅項折舊	公允價值調整	總計
		千港元	千港元	千港元
At 1 January 2015	於二零一五年一月一日	–	–	–
Charge to profit or loss for the year	扣除自年度損益（附註12）
(Note 12)		235	–	235
Acquisition of a subsidiary (Note 33(a))	收購一間附屬公司
	（附註33(a)）	–	119	119
At 31 December 2015	於二零一五年
	十二月三十一日	235	119	354

At the end of the reporting period, the Group has unused tax losses of approximately HK$257,797,000 (2014: HK$238,567,000). No deferred tax asset in respect of tax losses have been recognised during both years, as management consider it is unlikely that future taxable profits against which the losses can be utilised will be available in the foreseeable future with certainty in the relevant tax jurisdiction and entity.

於報告期末，本集團之未動用稅項虧損 約為 257,797,000 港元（二零一四年： 238,567,000港元）。由於管理層認為在有 關稅務司法權區及實體不大可能肯定有未 來應課稅溢利可供動用稅項虧損，故兩個 年度並無就該等虧損確認遞延稅項資產。

Tax losses of HK$63,000 (2014: HK$63,000) attributable to certain subsidiaries in the PRC have an expiry period of five years. The remaining tax losses of approximately HK$257,734,000 (2014: HK$238,504,000) will not expire under current tax legislation.

若干中國附屬公司應佔稅項虧損63,000 港元（二零一四年：63,000 港元）之屆 滿期為五年。根據現行稅法，餘下稅項 虧損約257,734,000港元（二零一四年： 238,504,000港元）不會屆滿。

AMCO UNITED HOLDING LIMITED 144 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

26. SHARE CAPITAL

26. 股本

26.股本 SHARE CAPITAL
	Number of shares Amount HK$’000 股份數目 金額 千港元
Authorised: 法定： Balance as at 31 December 2014 and 31 December 2015 於二零一四年十二月三十一日及 二零一五年十二月三十一日之 結餘 Issued and fully paid: 已發行及繳足： Balance as at 1 January 2014 於二零一四年一月一日之結餘 Issue of shares in April 2014 (a) 於二零一四年四月發行股份(a) Issue of shares on conversion of convertible notes (b) (Note 34) 就兌換可換股票據發行股份(b) （附註34） Issue of shares in June 2014 (c) 於二零一四年六月發行股份(c) Issue of shares in November 2014 (d) 於二零一四年十一月發行股份(d) Balance as at 31 December 2014 於二零一四年十二月三十一日之 結餘 Share consolidation of every five shares of par value of HK$0.01 each into one consolidated share of par value HK$0.05 each; and reduction in par value of each consolidated share from HK$0.05 to HK$0.01 (e) 將每五股每股面值0.01港元之 股份合併為一股面值0.05港元 之合併股份之股份合併；及 每股合併股份面值由0.05港元 削減至0.01港元(e) Issue of shares in July 2015 (f) 於二零一五年七月發行股份(f) Issue of shares in November 2015 (g) 於二零一五年十一月發行股份(g) Balance as at 31 December 2015 於二零一五年十二月三十一日之 結餘	40,000,000,000 400,000
	875,823,986 8,758 175,160,000 1,752 80,087,620 801 175,160,000 1,752 226,200,000 2,261
	1,532,431,606 15,324 (1,225,945,285) (12,259) 61,200,000 612 874,100,000 8,741
	1,241,786,321 12,418

雋泰控股有限公司 2015 年報 145

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

26. SHARE CAPITAL (continued)

Notes:

• (a) On 7 April 2014, 175,160,000 ordinary shares of HK$0.01 each were placed at a price of HK$0.239 per placing share, according to a placing agreement under the general mandate signed on 24 March 2014 (“2014 GM Placing Agreement I”). The closing price was HK$0.265 per share as quoted on the Stock Exchange on the last trading day immediately prior to the 2014 GM Placing Agreement I. A share premium of approximately HK$40,111,500 was credited to share premium account. The net proceeds of approximately HK$40,318,000, after deducting commission and placing expenses of approximately HK$1,545,000, were intended to be utilised as to general working capital of the Group. The net proceeds had been utilised as intended.

• (b) During the year ended 31 December 2014, convertible notes amounting to HK$40,043,810 were converted into 80,087,620 ordinary shares of HK$0.01 each at the fixed conversion price of HK$0.5 per share.

• (c) On 30 June 2014, 175,160,000 ordinary shares (“2014 SM Placing Shares”) of HK$0.01 each were placed at a price of HK$0.239 per placing share, according to a placing agreement under specific mandate signed on 24 March 2014 (“2014 SM Placing Agreement”). The closing price was HK$0.265 per share as quoted on the Stock Exchange on the last trading day immediately prior to the 2014 SM Placing Agreement. A share premium of approximately HK$40,111,500 was credited to share premium account. The net proceeds of approximately HK$40,292,000, after deducting commission and placing expenses of approximately HK$1,571,000, were intended to be utilised as to (i) research and development of new medical and/or healthcare products and services; (ii) launch of new medical and/or healthcare products and service; (iii) set up and development of e-commerce platform; (iv) establishment of new public relations and new human resources agencies; and (v) provision of financial assistance for ACE Engineering to facilitate the tender of potential construction projects; and (vi) Money Lending Business as set out in the announcements dated 23 June 2015 regarding proposed rights issue and change in use of proceeds and 17 December 2015 regarding the change in use of proceeds. The net proceeds had been utilised as intended.

26. 股本 （續）

附註：

• (a) 於二零一四年四月七日，本公司按照於 二零一四年三月二十四日根據一般授 權訂立之配售協議（「二零一四年一般 授權配售協議I 」）以每股配售股份0.239 港元之價格配售175,160,000股每股面 值0.01港元之普通股。股份於緊接二零 一四年一般授權配售協議I日期前之最後 一個交易日在聯交所所報之收市價為每 股0.265港元。約40,111,500港元之股份 溢價已計入股份溢價賬。經扣除佣金及 配售費用約1,545,000港元後，所得款項 淨額約為40,318,000港元，擬用作本集 團之一般營運資金。所得款項淨額已按 擬定用途動用。

• (b) 截至二零一四年十二月三十一日止年 度內，40,043,810港元之可換股票據按 每股股份0.5港元之固定兌換價兌換為 80,087,620股每股面值0.01港元之普通 股。

• (c) 於二零一四年六月三十日，本公司按照 於二零一四年三月二十四日根據特別授 權訂立之配售協議（「二零一四年特別 授權配售協議」）以每股配售股份0.239 港元之價格配售175,160,000股每股面 值0.01港元之普通股（「二零一四年特 別授權配售股份」）。股份於緊接二零 一四年特別授權配售協議前一個交易 日在聯交所所報之收市價為每股0.265 港元。約40,111,500港元之股份溢價已 計入股份溢價賬。經扣除佣金及配售費 用約1,571,000港元後，所得款項淨額約 為40,292,000港元，擬用於日期為二零 一五年六月二十三日有關建議供股及變 更所得款項用途及二零一五年十二月 十七日有關變更所得款項用途之公告所 載之(i)研究及開發新醫療及╱或保健產 品及服務；(ii)推出新醫療及╱或保健產 品及服務；(iii)建立及開發電子商貿平 台；(iv)成立新公關顧問公司及新人力資 源服務公司；及(v)為安迪工程提供財務 資助以便參與潛在建造項目之招標；及 (vi)放貸業務。所得款項淨額已按擬定用 途動用。

AMCO UNITED HOLDING LIMITED Annual Report 2015

146

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

26. SHARE CAPITAL (continued)

Notes: (continued)

26. 股本 （續）

附註：（續）

• (d) On 14 November 2014, 226,200,000 ordinary shares of HK$0.01 each were placed at a price of HK$0.118 per placing share, according to a placing agreement under the general mandate signed on 31 October 2014 (“2014 GM Placing Agreement II”). The closing price was HK$0.144 per share as quoted on the Stock Exchange on the date of the 2014 GM Placing Agreement II. A share premium of approximately HK$24,430,000 was credited to share premium account. The net proceed of approximately HK$25,529,000, after deducting commission and placing expenses of approximately HK$1,163,000, were intended to be utilised as to (i) general working capital of the Group; and (ii) funding for the acquisition of ACE Engineering as set out in the announcement dated 23 June 2015 regarding proposed rights issue and change in use of proceeds. The net proceeds had been utilised as intended.

• (d) 於二零一四年十一月十四日，本公司按 照於二零一四年十月三十一日根據一 般授權訂立之配售協議（「二零一四年 一般授權配售協議II 」）以每股配售股份 0.118港元之價格配售226,200,000股 每股面值0.01港元之普通股。股份於二 零一四年一般授權配售協議II日期在聯 交所所報之收市價為每股0.144港元。 約24,430,000港元之股份溢價已計入 股份溢價賬。經扣除佣金及配售費用 約1,163,000港元後，所得款項淨額約 為25,529,000港元，擬用作日期為二零 一五年六月二十三日有關建議供股及 變更所得款項用途之公告所載之(i)本集 團之一般營運資金；及(ii)收購安迪工程 之資金。所得款項淨額已按擬定用途動 用。

• (e) Save as disclosed in the Company’s circular dated 31 March 2015 in respect of a proposed capital reorganisation (“Capital Reorganisation”) which was approved by the shareholders of the company (“Shareholders”) in a special general meeting of the Company on 27 April 2015, the Capital Reorganisation had become effective on 28 April 2015 as details below:

• (e) 除本公司日期為二零一五年三月三十一 日有關建議股本重組（「股本重組」（經 本公司股東（「股東」）於二零一五年四月 二十七日舉行之本公司股東特別大會上 批准）之通函所披露者外，股本重組已於 二零一五年四月二十八日生效，詳情如 下：

• (i) every five existing shares of HK$0.01 each in the issued share capital of the Company were consolidated into one consolidated share of HK$0.05 each;

• (i) 本公司已發行股本中每五股每股面 值0.01港元之現有股份合併為一股 面值0.05港元之合併股份；

• (ii) the issued share capital was reduced by cancelling of HK$0.04 of the paid-up capital on each issued consolidated share so that the par value of each issued consolidated share be reduced from HK$0.05 to HK$0.01, and resulted in share capital being reduced by HK$12,259,000;

• (ii) 透過將每股已發行合併股份之繳足 股本註銷0.04港元而削減其已發行 股本，致使每股已發行合併股份之 面值由0.05港元削減至0.01港元， 導致股本削減12,259,000港元；

• (iii) the credits arising from the share capital account of the Company of HK$12,259,000 was transferred to the accumulated losses of the Company.

• (iii) 本公司股本賬所產生之進賬 12,259,000港元乃轉撥至本公司之 累計虧損。

雋泰控股有限公司 2015 年報 147

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

26. SHARE CAPITAL (continued)

Notes: (continued)

• (f) On 24 July 2015, 61,200,000 ordinary shares of HK$0.01 each were placed at a price of HK$0.328 per placing share, according to a placing agreement under general mandate signed on 14 July 2015 (“GM Placing Agreement”). The closing price was HK$0.400 per share as quoted on the Stock Exchange on the date of the GM Placing Agreement. A share premium of approximately HK$19,462,000 was credited to share premium account. The net proceeds of approximately HK$19,311,000, after deducting commission and placing expenses of approximately HK$763,000 were intended to be utilised as to (i) general working capital of the Group; and (ii) Money Lending Business as set out in the announcement dated 17 December 2015 regarding the change in use of proceeds. The net proceeds had been utilised as intended.

• (g) On 30 November 2015, 874,100,000 ordinary shares of HK$0.01 each were placed at a price of HK$0.23 per placing share (“SM Placing”), according to a placing agreement under specific mandate signed on 14 July 2015 (“SM Placing Agreement”) and the supplemental agreement to the SM Placing Agreement signed on 31 August 2015 (“Supplemental SM Placing Agreement”). The closing price was HK$0.290 per share as quoted on the Stock Exchange on the date of the Supplemental SM Placing Agreement. A share premium of approximately HK$192,302,000 was credited to share premium account. The net proceeds of approximately HK194,609,000, after deducting commission and placing expenses of approximately HK$6,434,000 were intended to be utilised as to (i) business development of ACE Engineering; and (ii) purchase of office premises in Hong Kong.

26. 股本 （續）

附註：（續）

• (f) 於二零一五年七月二十四日，本公司按 照於二零一五年七月十四日根據一般 授權訂立之配售協議（「一般授權配售 協議」）以每股配售股份0.328港元之價 格配售61,200,000股每股面值0.01港元 之普通股。股份於一般授權配售協議日 期在聯交所所報之收市價為每股0.400 港元。約19,462,000港元之股份溢價已 計入股份溢價賬。經扣除佣金及配售費 用約763,000港元後，所得款項淨額約 為19,311,000港元，擬用於日期為二零 一五年十二月十七日有關變更所得款項 用途之公告所載之(i)本集團之一般營運 資金；及(ii)放貸業務。所得款項淨額已 按擬定用途動用。

• (g) 於二零一五年十一月三十日，本公司按 照於二零一五年七月十四日根據特別授 權訂立之配售協議（「特別授權配售協 議」）及於二零一五年八月三十一日訂立 之特別授權配售協議之補充協議（「特 別授權配售補充協議」）以每股配售股 份0.23港元之價格配售874,100,000股 每股面值0.01港元之普通股（「特別授權 配售事項」）。股份於特別授權配售補充 協議日期在聯交所所報之收市價為每股 0.290港元。約192,302,000港元之股份 溢價已計入股份溢價賬。經扣除佣金及 配售費用約6,434,000港元後，所得款項 淨額約為194,609,000港元，擬用作(i)安 迪工程之業務發展；及(ii)購買位於香港 的辦公室物業。

AMCO UNITED HOLDING LIMITED Annual Report 2015

148

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

27. EMPLOYEE RETIREMENT BENEFITS

27. 僱員退休福利

The Group operates a Mandatory Provident Fund Scheme (“the MPF scheme”) under the Hong Kong Mandatory Provident Fund Schemes Ordinance for employees employed under the jurisdiction of the Hong Kong Employment Ordinance. The MPF scheme is a defined contribution retirement plan administered by independent trustees. Under the MPF scheme, the employer and its employees are each required to make contributions to the plan at 5% of the employees’ relevant income, subject to a cap of monthly relevant income of HK$30,000 since June 2014 (HK$25,000 prior to June 2014). Contributions to the plan vest immediately.

本集團根據香港強制性公積金計劃條例， 為在香港僱傭條例司法權區內受僱之僱員 營辦一項強制性公積金計劃（「強積金計 劃」）。強積金計劃乃由獨立信託人管理之 定額供款退休計劃。根據強積金計劃，自二 零一四年六月以來，僱主及其僱員各自須按 僱員之有關收入之5%向計劃作出供款，惟 以每月有關收入30,000港元（於二零一四 年六月前為25,000港元）為上限。向計劃作 出之供款即時歸屬。

Pursuant to the regulations of the relevant authorities in the PRC, the subsidiaries of the Group in the PRC participate in certain government retirement benefit schemes (“Schemes”) whereby the subsidiaries are required to contribute to the Schemes to fund the retirement benefits of their eligible employees. Contributions made to the Schemes are calculated based on certain percentages of the applicable payroll costs as stipulated under the relevant requirements in the PRC. The relevant authorities of the PRC are responsible for the entire pension obligations payable to the retired employees. The only obligation of the Group with respect to the Scheme is to pay the ongoing required contribution under the Schemes.

根據中國相關機構之法規，本集團在中國之 附屬公司參與若干政府退休福利計劃（「該 等計劃」），據此，附屬公司須為該等計劃 供款以資助其合資格僱員之退休福利。向 該等計劃作出之供款乃根據中國相關規定 所訂明適用薪資之若干百分比計算。中國 之相關機構乃負責應付予退休僱員之全部 退休金責任。本集團就該等計劃之唯一責 任為支付根據該等計劃持續規定作出之供 款。

During the year, the Group made retirement benefits scheme contributions totalling HK$414,000 (2014: HK$652,000) (Note 11). At the end of the reporting period, there are no forfeited contributions.

於年內，本集團作出退休福利計劃供款合共 414,000港元（二零一四年：652,000港元） （附註11）。於報告期末概無任何被沒收供 款。

雋泰控股有限公司 2015 年報 149

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

28. SHARE OPTION SCHEME

The Company had a share option scheme which was adopted on 12 June 2004 whereby the Directors were authorised, at their discretion, to invite employees of the Group, to take up options at nominal consideration to subscribe for shares of the Company, in which it was expired on 11 June 2014 (“Old Scheme”). On 30 June 2015, the Company adopted a new share option scheme (“New Scheme”), which was approved by the shareholders of the Company at the annual general meeting of the Company held on the same date.

The purpose of the New Scheme is to enable the Group to grant share options to the eligible participants as incentives or rewards for their contributions to the Group.

According to the New Scheme, the board of directors (“Board”) may grant share options to the eligible participants as defined in the New Scheme to subscribe for such number of shares as the Board may determine. Share options granted should be accepted within 28 days from the date of the letter of grant. Upon acceptance of the share options, the grantee shall pay HK$1.00 to the Company by way of consideration for the grant. Subject to the terms of the New Scheme and all applicable laws, the Board has the power to determine the period within which payments or calls must or may be made.

The exercise price of share options shall be determined by the Board, which shall be at least the highest of (i) the closing price of the shares as stated in the daily quotations sheet of the Stock Exchange on the date of the grant, which must be a business day; (ii) the average closing price of the shares as stated in the daily quotations sheets of the Stock Exchange for the five business days immediately preceding the date of the grant; and (iii) the nominal value of a share.

28. 購股權計劃

本公司已於二零零四年六月十二日採納一 項購股權計劃，據此，董事已獲授權可酌 情邀請本集團僱員以象徵式代價接納購股 權，從而認購本公司股份。該計劃於二零 一四年六月十一日屆滿（「舊計劃」）。於二 零一五年六月三十日，本公司採納一項新 購股權計劃（「新計劃」），並獲本公司股東 於當日舉行之股東週年大會上批准。

新計劃授權本集團向合資格參與者授出購 股權，作為彼等為本集團所作貢獻之激勵 或獎勵。

根據新計劃，董事會（「董事會」）可向新計 劃界定之合資格參與者授出購股權，認購 董事會釐定之有關數目之股份。所授出購 股權須於授出函日期起計28日內接納。接 納購股權時，承授人須向本公司支付1港元 作為獲授購股權之代價。根據新計劃之條 款及所有適用法律，董事會有權釐定支付 代價或作出支付要求之期間。

購股權之行使價須由董事會釐定，至少為 以下各項之最高者：(i)股份於授出日期（須 為營業日）於聯交所每日報價表所報之收市 價；(ii)股份於聯交所每日報價表所報之緊 接授出日期前五個營業日之平均收市價； 及(iii)股份面值。

AMCO UNITED HOLDING LIMITED 150 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

28. SHARE OPTION SCHEME (continued)

The maximum number of shares which may be issued upon the exercise of all share options to be granted under the New Scheme and any other share option scheme(s) of the Company must not exceed 10% of the issued share capital of the Company on the date of approval and adoption of the New Scheme provided that the Company may at any time seek approval from the Shareholders to refresh the limit to 10% of the shares in issue as at the date of approval by the Shareholders in general meeting where such limit is refreshed.

Share options previously granted under any share option schemes of the Company (including those outstanding, cancelled, lapsed in accordance with such schemes or exercised options) will not be counted for the purpose of calculating the limit as refreshed.

The total number of shares issued and may fall to be issued upon exercise of the share options granted under the New Scheme and any other share option scheme(s) of the Company (including exercised, cancelled and outstanding options) to each eligible participant in any 12-month period up to and including the date of grant shall not exceed 1% of the shares in issue as at the date of grant unless such grant has been duly approved by ordinary resolution of the Shareholders in general meeting at which the relevant eligible participant and his associates abstained from voting. Share options granted to substantial shareholders or independent non-executive Directors or any of their respective associates in any 12-month period in excess of 0.1% of the Company’s issued share capital on the date of grant and with a value in excess of HK$5 million must be approved in advance by the Shareholders.

The period during which a share option may be exercised will be determined by the Board at its absolute discretion, save that no share options can be exercised more than 10 years after it has been granted. There is no general requirement that a share option must be held for any minimum period before it can be exercised. The New Scheme is valid and effective for a period of ten years and will expire at the close of business on 29 June 2025.

28. 購股權計劃 （續）

行使新計劃及本公司任何其他購股權計劃 所授出之所有購股權時可予發行之最高股 份數目不得超過新計劃獲批准及採納日期 本公司已發行股本之10%，除非本公司隨 時於就更新上限舉行之股東大會上尋求股 東批准更新於批准日期已發行股份之10% 之上限。

於計算更新上限時將不會計算先前根據本 公司任何購股權計劃授出之購股權（包括 根據該等計劃尚未行使、已註銷、已失效者 或已行使購股權）。

於直至授出日期（包括當日）之12個月期間 內行使根據新計劃及任何其他購股權計劃 各合資格參與者所授出之購股權（包括行 使、已註銷及未行使購股權）時發行或可予 發行之股份數目總額不得超過授出日期當 日已發行股份之1%，除非有關授出已於股 東大會（相關合資格參與者及其聯繫人士 須於會上放棄投票）上以股東普通決議案 正式批准。於任何12個月期間授予主要股 東或獨立非執行董事或彼等各自聯繫人士 之購股權超過授出日期本公司已發行股本 之0.1%以及價值超過5,000,000港元，則須 獲股東事先批准。

可行使購股權之期間由董事會全權酌情釐 定，惟任何購股權不得於授出後超過10年 之後行使。並無一般規定購股權須持有最 低期間後方可行使。新計劃有效期為十年 及將於二零二五年六月二十九日營業時間 結束時屆滿。

雋泰控股有限公司 2015 年報

151

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

28. SHARE OPTION SCHEME (continued)

28. 購股權計劃 （續）

Details of specific categories of options under the Old Scheme were as follows:

舊計劃項下購股權具體類別之詳情如下：

Date of grant	Exercise period	Exercise price
授出日期	行使期間	行使價
25 January 2005	25 January 2005 – 24 January 2015	HK$1.629
二零零五年一月二十五日	二零零五年一月二十五日至	1.629港元
	二零一五年一月二十四日

The fair value of share options granted on 25 January 2005 under the Old Scheme was calculated using the Black-Scholes option pricing model. The inputs into the model were as follows:

於二零零五年一月二十五日根據舊計劃授 出之購股權之公允價值乃採用柏力克－舒 爾斯期權定價模型計算。模型之輸入數據 如下：

		2005
		二零零五年
Fair value at measurement date	於計量日期之公允價值	HK$0.096港元
Stock asset price	股票資產價格	HK$0.158港元
Exercise price	行使價	HK$0.158港元
Expected volatility	預期波幅	72.00%
Expected life	預期年期	5 years年
Risk-free rate	無風險利率	2.801%
Expected dividend yield	預期股息率	0%

The expected volatility was based on the historical volatility of the Company’s share price over the previous ten years. The expected life used in the model was adjusted, based on management’s best estimate, for the effects of non-transferability, exercise restrictions and behavioural consideration.

預期波幅乃根據本公司股價於過去十年間 之過往波動情況釐定。該模型所使用之預 計年期已根據管理層之最佳估計，就不可 轉讓性、行使限制及行為因素之影響予以 調整。

AMCO UNITED HOLDING LIMITED 152 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

28. SHARE OPTION SCHEME (continued)

28. 購股權計劃 （續）

The following table discloses movements of the Company’s share options held by Directors and employees under the Old Scheme during the year:

下表披露年內董事及僱員根據舊計劃持有 之本公司購股權之變動：

Date of grant 授出日期	Number of share options 購股權數目 Outstanding at 1 January 2015 Lapsed during the year Outstanding at 31 December 2015 於二零一五年 一月一日 尚未行使 年內失效 於二零一五年 十二月三十一日 尚未行使	Number of share options 購股權數目 Outstanding at 1 January 2015 Lapsed during the year Outstanding at 31 December 2015 於二零一五年 一月一日 尚未行使 年內失效 於二零一五年 十二月三十一日 尚未行使
25 January 2005 二零零五年一月二十五日 Weighted average exercise price: 加權平均行使價：	298 (298) –
	HK$1.629港元 HK$1.629港元
Date of grant 授出日期	Number of share options 購股權數目 Outstanding at 1 January 2014 Lapsed during the year Outstanding at 31 December 2014 於二零一四年 一月一日 尚未行使 年內失效 於二零一四年 十二月三十一日 尚未行使
25 January 2005 二零零五年一月二十五日 Exercisable at the end of the reporting period 於報告期末可行使 Weighted average exercise price: 加權平均行使價：	298 –	298
	HK$1.629港元	298
		HK$1.629港元

雋泰控股有限公司 2015 年報 153

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

28. SHARE OPTION SCHEME (continued)

28. 購股權計劃 （續）

No options under the Old Scheme were exercised during the years ended 31 December 2015 and 2014. The options outstanding under the Old Scheme as at 31 December 2014 had a weighted average exercise price of HK$1.629 and its remaining contractual life was about 0.07 year.

截至二零一五年及二零一四年十二月 三十一日止年度，概無根據舊計劃行使購股 權。於二零一四年十二月三十一日，舊計劃 項下尚未行使之購股權之加權平均行使價 為1.629港元，而其剩餘合約年期約為0.07 年。

Terms of unexpired and unexercised share options under the Old Scheme as at 31 December 2014 are as follows:

於二零一四年十二月三十一日舊計劃項下 未屆滿及未行使購股權之期限如下：

	Number of share options 購股權數目 Exercise price Number of share HK$ 行使價 股份數目 港元	Number of share options 購股權數目 Exercise price Number of share HK$ 行使價 股份數目 港元
Exercisable period 行使期 25 January 2005 to 24 January 2015 二零零五年一月二十五日至 二零一五年一月二十四日
	1.629	298

No expense was recognised for the years ended 31 December 2015 and 2014 in relation to share options under the Old Scheme granted by the Company.

截至二零一五年及二零一四年十二月 三十一日止年度並無就本公司根據舊計劃 授出之購股權確認開支。

No options were granted during the year or outstanding as at 31 December 2015 under the New Scheme since its adoption on 30 June 2015.

自二零一五年六月三十日採納起，新計劃項 下概無購股權於年內獲授出或於二零一五 年十二月三十一日未獲行使。

AMCO UNITED HOLDING LIMITED 154 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

29. STATEMENT OF FINANCIAL POSITION OF THE COMPANY

29. 本公司之財務狀況表

Notes 附註	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
ASSETS AND LIABILITIES 資產及負債 Non-current asset 非流動資產 Interests in subsidiaries 於附屬公司之權益 Current assets 流動資產 Other receivables 其他應收款項 Amounts due from subsidiaries 應收附屬公司款項 Cash and cash equivalents 現金及現金等價物 Current liabilities 流動負債 Other payables 其他應付款項 Net current assets 流動資產淨值 Net assets 資產淨值 EQUITY 權益 Share capital 股本 26 Reserves 儲備 30 Total equity 權益總額		1
	62,001
		595 28,857 29,653
	724
	44,521
	144,907
		59,105
	190,152
		7,545
	6,755
		51,560
	183,397
		51,561
	245,398
		15,324 36,237
	12,418
	232,980
		51,561
	245,398

On behalf of the Board

代表董事會

Yip Wai Lun, Alvin 葉偉倫 Director 董事

Cheng Kin Chor 鄭堅楚 Director 董事

雋泰控股有限公司 2015 年報 155

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

30. RESERVES – COMPANY

30. 儲備－本公司

		Share	Capital	Capital	Accumulated
		premium	reserve		losses	Total
		HK$’000	HK$’000		HK$’000	HK$’000
		(Note a)	(Note	b)
		股份溢價	資本儲備		累計虧損	總計
		千港元	千港元		千港元	千港元
		（附註a）	（附註b）
As at 1 January 2014	於二零一四年一月一日	–		1	(23,275)	(23,274)
Loss and total comprehensive	本年度虧損及
income for the year	全面收入總額	–		–	(67,292)	(67,292)
Issue of shares on conversion	就兌換可換股票據發行股份
of convertible notes	（附註26(b)及附註34）
(Note 26(b)&Note 34)		26,429		–	–	26,429
Issue of shares upon placing	就配售發行股份
(Note 26(a), (c)&(d))	（附註26(a)(c)及(d)）	104,653		–	–	104,653
Share issue expenses	股份發行開支
(Note 26(a), (c)&(d))	（附註26(a)(c)及(d)）	(4,279)		–	–	(4,279)
As at 31 December 2014 and	於二零一四年
1 January 2015	十二月三十一日及
	二零一五年一月一日	126,803		1	(90,567)	36,237
Loss and total comprehensive	本年度虧損及
income for the year	全面收入總額	–		–	(20,353)	(20,353)
Capital reorganisation (Note 26(e))	資本重組（附註26(e)）	–		–	12,259	12,259
Equity-settled share-based	權益結算股份形式支付交易
transactions
– lapse of options granted to	－授予僱員之購股權失效
employees		–		(1)	1	–
Reversal of overprovision of	撥回二零一四年配售
the share issue expenses	股份而發行股份開支之
for 2014 placing of shares	撥備餘額	270		–	–	270
Issue of shares upon placing	於配售後發行股份
(Note 26(f)&(g))	（附註26(f)及(g)）	211,764		–	–	211,764
Shares issue expenses	股份發行開支
(Note 26(f)&(g))	（附註26(f)及(g)）	(7,197)		–	–	(7,197)
As at 31 December 2015	於二零一五年
	十二月三十一日	331,640		–	(98,660)	232,980
Notes:			附註：

• (a) The application of share premium account is governed by Section 40 of the Bermuda Companies Act 1981.

• (a) 應用股份溢價賬受一九八一年百慕達公 司法第40條規管。

• (b) At 31 December 2014, the capital reserve represented fair value of the actual or estimated number of unexercised share options granted to directors and employees of the Company recognised in accordance with the accounting policy adopted for share-based payments as further detailed in Note 4.14 to the consolidated financial statements.

• (b) 於二零一四年十二月三十一日，資本儲 備指根據就以股份為基礎付款而採納之 會計政策（進一步詳情載列於綜合財務 報表附註4.14）確認授予本公司董事及 僱員之未行使購股權之實際或估計數目 之公允價值。

AMCO UNITED HOLDING LIMITED 156 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

31. INTERESTS IN SUBSIDIARIES

31. 於附屬公司之權益

Details of the Company’s principal subsidiaries are as follows:

本公司主要附屬公司之詳情如下：

		Issued and paid-up share/	Percentage of equity interest	Percentage of equity interest
Name of subsidiaries	Place of incorporation	registered capital	attributable to the Company		Principal activities
附屬公司名稱	註冊成立地點	已發行及繳足股本╱註冊資本	本公司應佔股權百分比		主要業務
			Directly	Indirectly
			直接	間接
AMCO HR Solutions Limited*	Hong Kong	1 ordinary share	–	100%	Provision of human
		totaling HK$1			resources
					management services
雋耀專才策劃有限公司*	香港	合共1港元之普通股1股			提供人力資源管理服務
AMCO United Holding Limited	British Virgin Islands	1 ordinary share of	100%	–	Investment holding
	(“BVI”)	US$1 each
AMCO United Holding Limited	英屬處女群島	每股面值1美元之普通股1股			投資控股
AMCO United Group Limited	Hong Kong	1 ordinary share	–	100%	Provision of sales and
		totaling HK$1			business development
					services to the Group
雋泰集團有限公司	香港	合共1港元之普通股1股			向本集團提供銷售及業務
					發展服務
AMCO United Management Services	Hong Kong	1 ordinary share	–	100%	Provision of
Limited		totaling HK$1			management services
					to the Group
雋泰管理服務有限公司	香港	合共1港元之普通股1股			向本集團提供管理服務
Best Reward Global Limited*	BVI	1 ordinary share of	100%	–	Investment holding
		US$1 each
佳賞環球有限公司*	英屬處女群島	每股面值1美元之普通股1股			投資控股
Bonus First Group Limited	BVI	200 ordinary shares of	100%	–	Investment holding
		US$1 each
利元集團有限公司	英屬處女群島	每股面值1美元之普通股200			投資控股
		股
Constant Gross Limited*	BVI	1 ordinary share of	100%	–	Investment holding
		US$1 each
康益有限公司*	英屬處女群島	每股1美元之普通股1股			投資控股
Energy Best Investments Limited	BVI	1 ordinary share of	100%	–	Investment holding
		US$1 each
Energy Best Investments Limited	英屬處女群島	每股1美元之普通股1股			投資控股
Ever Great Finance Limited	Hong Kong	1 ordinary share totaling	–	100%	Provision of money
		HK$1			lending services
恒昌財務有限公司	香港	合共1港元之普通股1股			提供放貸服務

雋泰控股有限公司 2015 年報 157

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

31. INTERESTS IN SUBSIDIARIES (continued)

31. 於附屬公司之權益 （續）

		Issued and paid-up share/	Percentage of equity interest	Percentage of equity interest
Name of subsidiaries	Place of incorporation	registered capital	attributable to the Company		Principal activities
附屬公司名稱	註冊成立地點	已發行及繳足股本╱註冊資本	本公司應佔股權百分比		主要業務
			Directly	Indirectly
			直接	間接
High Aim Corporation Limited	Hong Kong	1 ordinary share totaling	–	100%	Provision of
		HK$1			management services
					to the Group
培軒有限公司	香港	合共1港元之普通股1股			向本集團提供管理服務
Paragon Communications Limited*	Hong Kong	1 ordinary share totaling	–	100%	Provision of public
		HK$1			relations services
智盈傳訊有限公司*	香港	合共1港元之普通股1股			提供公共關係服務
Titron Industries Limited	Hong Kong	1,000 ordinary shares	–	100%	Sale of plastic moulding
		totaling HK$1,000			products
德隆製造有限公司	香港	合共1,000港元之普通股			銷售塑膠模具產品
		1,000股
Titron International Limited	Hong Kong	1,000 ordinary shares	–	100%	Sale of medical devices
		totaling HK$1,000			products
德隆環球有限公司	香港	合共1,000港元之普通股			銷售塑膠模具產品
		1,000股
Titron Manufacturing Limited	Hong Kong	1,000 ordinary shares	–	100%	Sale of plastic moulding
		totaling HK$1,000			products
德隆國際企業有限公司	香港	合共1,000港元之普通股			銷售塑膠模具產品
		1,000股
Titron Precision Limited	Hong Kong	1,000 ordinary shares	–	100%	Investment holding
		totaling HK$1,000
德隆精密有限公司	香港	合共1,000港元之普通股			投資控股
		1,000股
Unicorn Elite International Limited	BVI	50,000 ordinary shares of	100%	–	Investment holding
		US$1 each
傑麒國際有限公司	英屬處女群島	每股面值1美元之普通股			投資控股
		50,000股
Zeed Asia Technology Limited	Hong Kong	100 ordinary shares	–	100%	Provision of information
		totaling HK$100			technology services
創天亞洲科技有限公司	香港	合共100港元之普通股100股			提供資訊科技服務

AMCO UNITED HOLDING LIMITED Annual Report 2015

158

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

31. INTERESTS IN SUBSIDIARIES (continued)

31. 於附屬公司之權益 （續）

• These subsidiaries were incorporated during the year ended 31 December 2015.

• 該等附屬公司乃於截至二零一五年十二 月三十一日止年度註冊成立。

The above table lists out the subsidiaries of the Company as at 31 December 2015 which, in the opinion of the Directors, principally affected the Group’s results for the year or formed a substantial portion of the net assets of the Group. To give details of other subsidiaries would, in the opinion of the Directors, result in particulars of excessive length.

上表列載於二零一五年十二月三十一日董 事認為主要影響本集團本年度業績或構成 本集團資產淨值重大部份之本公司附屬公 司。董事認為，若列出其他附屬公司之詳情 將導致篇幅過於冗長。

None of the subsidiaries had issued any debt securities at the end of the year.

年末，概無附屬公司發行任何債務證券。

32. RELATED PARTY TRANSACTIONS

32. 關連人士交易

(a) In addition to the transactions and balances detailed elsewhere in the financial statements, the Group had the following transactions with related parties at agreed terms.

(a) 除於財務報表其他部份所詳述之交易 及結餘外，本集團與關連人士按協定 條款進行以下交易。

Notes 附註	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Service fee paid to a related company 已付予一間關連公司之 服務費 (i)	–	–

雋泰控股有限公司 2015 年報 159

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

32. RELATED PARTY TRANSACTIONS (continued)

(a) (continued)

Notes:

• (i) For the year ended 31 December 2015, Atlas Medical Limited (“Atlas”), a related company voluntarily waived its entitlement to a service fee of HK$2,400,000 (2014: HK$2,400,000). Yip Wai Lun, Alvin, a shareholder, Managing Director and Chairman of the Company is one of the beneficial owners of Atlas.

The service fee is associated with the acquisition of the Titron Group in 2011 as mentioned in Notes 22 and 34 for business development services provided by Atlas. A Performance Incentive Agreement was entered into by Atlas and the Company on 4 March 2011 (as amended and restated on 27 July 2011). In accordance with the Performance Incentive Agreement, Atlas will be paid a monthly fee of HK$200,000 and entitled to receive a performance bonus equal to 30% of excess of the pro forma combined profit before tax of Titron Group over HK$10 million for each of the six financial years ending 31 December up to 31 December 2016. No performance bonus and performance incentive share was earned or payable for the year ended 31 December 2015 or 2014. Details of the Performance Incentive Agreement were set out in the announcements of the Company dated 25 January 2011, 21 June 2011 and 27 July 2011 and the circular of the Company dated 12 August 2011.

Save as disclosed above, no contract of significance to which the Company or any of its subsidiary was a party, and in which a Director had a material interest, subsisted at the end of the year or at any time during the year.

32. 關連人士交易 （續）

(a) （續）

附註：

• (i) 截至二零一五年十二月三十一日止 年度，一間關連公司Atlas Medical Limited（「Atlas 」）自願放棄收取 服務費2,400,000港元（二零一四 年：2,400,000港元）之權利。本公 司股東、董事總經理兼主席葉偉倫 為Atlas其中一名實益擁有人。

該服務費與附註22及34所詳述就 Atlas提供之業務發展服務於二零 一一年收購德隆集團有關。於二零 一一年三月四日，Atlas與本公司訂 立表現獎勵協議（於二零一一年七 月二十七日修訂及重述）。根據表 現獎勵協議，Atlas將獲支付月費 200,000港元及表現獎金（相等於 德隆集團截至二零一六年十二月 三十一日止六個財政年度各年之合 併除稅前溢利超出10,000,000港元 之金額之30% ）。截至二零一五年 或二零一四年十二月三十一日止年 度，並無獲取或應付任何表現獎金 及表現獎勵股份。表現獎勵協議之 詳情已載於本公司日期為二零一一 年一月二十五日、二零一一年六月 二十一日及二零一一年七月二十七 日之公告及本公司日期為二零一一 年八月十二日之通函內。

除上文所披露者外，截至本年度末 或於本年度任何時間，並無存續任 何本公司或其任何附屬公司為其中 訂約方以及董事於其中擁有重大權 益之重大合約。

AMCO UNITED HOLDING LIMITED 160 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

32. RELATED PARTY TRANSACTIONS (continued)

(b) Compensation of key management personnel

32. 關連人士交易 （續）

(b) 主要管理人員之報酬

The remuneration of Directors and other members of key management during the year was as follows:

董事及其他主要管理層成員於年內之 薪酬如下：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Salaries and short-term employee benefits 薪金及短期僱員福利 Post-employment benefits 離職後福利	6,101	6,107 82
	126
		6,189
	6,227

33. ACQUISITION OF SUBSIDIARIES

(a) Business combination

33. 收購附屬公司

(a) 業務合併

On 19 November 2015, Constant Gross Limited, a whollyowned subsidiary of the Company, entered into an agreement with an independent third party to purchase 100% of the issued share capital of and shareholder’s loan to Zeed Asia at a cash consideration of HK$3,200,000 and the completion of the acquisition took place on the same date immediately after signing of the agreement. Zeed Asia is principally engaged in provision of information technology services.

於二零一五年十一月十九日，本公司 之一間全資附屬公司康益有限公司與 一名獨立第三方訂立協議，以購買創 天亞洲之全部已發行股本及提供予其 股東之貸款，代價為3,200,000港元， 而有關收購事項於緊隨簽訂有關協議 後之當日完成。創天亞洲主要從事提 供資訊科技服務。

雋泰控股有限公司 2015 年報 161

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

33. ACQUISITION OF SUBSIDIARIES (continued)

(a) Business combination (continued)

33. 收購附屬公司 （續）

(a) 業務合併 （續）

The fair value of identifiable assets and liabilities of the acquiree as at the date of acquisition were as follows:

於收購日期，被收購人可識別資產及 負債之公允價值載述如下：

HK$’000 千港元	HK$’000 千港元
Net asset acquired: 所收購資產淨值 Property, plant and equipment (Note 16) 物業、廠房及設備（附註16） 419 Intangible asset (Note 18) 無形資產（附註18） 2,202 Other deposits and prepayments 其他按金及預付款項 152 Cash and cash equivalents 現金及現金等價物 6 Other payables 其他應付款項 (417) Deferred tax liabilities recognised upon fair value adjustment (Note 25) 調整公允價值時確認之遞延稅項負債（附註25） (119) Shareholder’s loan 股東貸款 (4,792) (2,549) Shareholder’s loan acquired as part of the acquisition 為收購事項部份之已收購股東貸款 4,792 2,243 Cash consideration 現金代價 3,200 Less: Fair value of net assets acquired 減：所收購資產淨值之公允價值 (2,243) Goodwill (Note 17) 商譽（附註17） 957 HK$’000 千港元
	(2,549) 4,792
	2,243
	3,200 (2,243)
	957
	HK$’000 千港元
Net cash outflow arising on acquisition: 收購產生之現金流出淨額： Cash consideration paid 已付現金代價 Less: Cash and cash equivalents acquired 減：所收購之現金及現金等價物	3,200 (6)
	3,194

AMCO UNITED HOLDING LIMITED Annual Report 2015

162

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

33. ACQUISITION OF SUBSIDIARIES (continued)

(a) Business combination (continued)

33. 收購附屬公司 （續）

(a) 業務合併 （續）

The goodwill of HK$957,000 was attributable to the provision of information technology services business unit acquired and the benefit of synergies expected to arise after the Group’s acquisition. The Directors believe that additional business opportunities may arise to the Group as a result of the acquisition of Zeed Asia, and this will diversify the source of income and enhance the future development of the Group.

商譽957,000港元歸屬於所收購之提 供資訊技術服務業務單位，預期於本 集團收購後會產生協同效益。董事認 為，收購創天亞洲後，本集團可產生額 外商機，為本集團新增收入來源及促 進未來發展。

Since the acquisition date, Zeed Asia has contributed no revenue and a loss of HK$945,000 to the Group. If the acquisition had occurred on 1 January 2015, revenue and loss of Zeed Asia would have been nil and HK$4,085,000 respectively.

自收購日期起，創天亞洲並無為本集 團貢獻任何收入，及錄得虧損945,000 港元。倘收購於二零一五年一月一日 發生，創天亞洲之收入及虧損將分別 為零港元及4,085,000港元。

Acquisition-related costs of HK$107,000 have been charged to administrative expenses in the profit or loss for the year ended 31 December 2015.

收購相關成本107,000港元已於截至 二零一五年十二月三十一日止年度損 益項下之行政開支中入賬。

雋泰控股有限公司 2015 年報 163

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

33. ACQUISITION OF SUBSIDIARIES (continued)

(b) Acquisition of asset through acquisition of a subsidiary

On 6 October 2015, the Company entered into the sale and purchase agreement with GET Holdings Limited (a company incorporated in the Cayman Islands and continued in Bermuda with limited liability), the shares of which are listed on Growth Enterprise Market of the Stock Exchange (Stock Code: 8100)) to acquire 100% of the issued share capital of Bonus First Group Limited (“BFG”) at a cash consideration of HK$62,000,000. The acquisition-related direct costs were HK$555,000. The principal business of BFG is investment holding and its principal asset is a commercial property located at Office 503 (also known as Unit 503), 5th Floor, Wing On House, No. 71 Des Voeux Road Central, Hong Kong (“Property”), which was leased to and occupied as an office by an independent third party up to the end of February 2016. The acquisition has been accounted for as an acquisition of an asset and liabilities of BFG, as BFG has no operation or other businesses other than passively receiving rental income from the Property. As such this does not constitute a business and accordingly the acquisition of BFG has not been treated as a business combination for accounting purposes. The Board considered that the acquisition of BFG enabled the Group to purchase the Property which the Group intends to self-use as its office premises upon termination of the existing lease. Acquisition of BFG was completed on 29 December 2015.

33. 收購附屬公司 （續）

(b) 透過收購附屬公司收購資產

於二零一五年十月六日，本公司與智 易控股有限公司（一間於開曼群島註 冊成立及於百慕達存續之有限公司， 其股份於聯交所創業板上市（股份代 號：8100））訂立買賣協議，以收購利 元集團之全部已發行股本，現金代價 為62,000,000港元。收購直接相關成 本555,000港元。利元集團有限公司 （「利元集團」）之主要業務為投資控股 及其主要資產為位於香港德輔道中71 號永安集團大廈5樓503辦公室（亦稱 為503室）之商業物業（「該物業」）。 該物業已租賃予獨立第三方並由其佔 用作辦公室直至二零一六年二月底為 止。是項收購乃按收購利元集團之資 產及負債入賬處理，利元集團除被動 收取該物業之租金收入外，並無任何 營運或其他業務。因此，是項收購並非 構成一項業務，收購利元集團因此並 無按業務合併作會計處理。董事會認 為，收購利元集團令本集團可收購該 物業，在終止現有租約後將該物業留 作辦公室自用。利元集團收購事項已 於二零一五年十二月二十九日完成。

AMCO UNITED HOLDING LIMITED Annual Report 2015

164

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

33. 收購附屬公司 （續）

33. ACQUISITION OF SUBSIDIARIES (continued)

(b) 透過收購附屬公司收購資產

(b)	(b)透過收購附屬公司收購資產 （續） 於收購日期，所收購利元集團資產淨 值之公允價值載述如下： Acquisition of asset through acquisition of a subsidiary(continued) The fair value of net assets acquired of BFG as at the date of acquisition were as follows: HK$’000 千港元	(b)透過收購附屬公司收購資產 （續） 於收購日期，所收購利元集團資產淨 值之公允價值載述如下： Acquisition of asset through acquisition of a subsidiary(continued) The fair value of net assets acquired of BFG as at the date of acquisition were as follows: HK$’000 千港元
	Net assets acquired: 所收購資產淨值 Property, plant and equipment (Note 16) 物業、廠房及設備（附註16） Other deposit and other receivables 其他按金及應收款項 Other payables 其他應付款項	62,590 179 (214)
		62,555
		HK$’000 千港元
	Total consideration satisfied by: 以下列方式撥付總代價： Cash consideration 現金代價 Acquisition-related direct costs 收購直接相關成本	62,000 555
		62,555
		HK$’000 千港元
	Net cash outflow arising on acquisition: 收購產生之現金流出淨額： Cash consideration paid 已付現金代價	62,555

雋泰控股有限公司 2015 年報 165

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

34. CONVERTIBLE NOTES

On 23 January 2011, Energy Best Investments Limited (one of the subsidiary of the Group) and Lye Khay Fong, Yip Wai Lun, Alvin, TGHL and Chelin International Limited (“Vendors”) entered into the Sales and Purchases Agreement (“S&P”) in relation to the acquisition of the Titron Group for HK$120.0 million with HK$7.5 million to be paid in cash and the balance of HK$112.5 million by way of convertible notes (“Titron CN”). Titron CN could be converted into shares of the Company from the date of issue (i.e 10 October 2011) and ending 10 Business Days prior to the maturity date, which was 31 December 2015. The Titron Group formed the basis of the Group’s present medical devices and plastic moulding products operating segments set out in Note 6.

Under the S&P, there was a conversion restriction on HK$40 million of the Titron CN, which was to be retained by the Vendors for the purpose of satisfying any claims under the warranties pursuant to the S&P Agreement. The Vendors undertook to use all reasonable endeavours to otherwise exercise the conversion rights attaching to the balance of Titron CN as soon as practicable after the Completion. The warranty period expired on 30 June 2012. The Titron CN had a maturity date of 31 December 2015. If the Titron CN were not converted into shares of the Company by that date, they were to be redeemed at full face value at 31 December 2015.

The conversion feature in Titron CN meant these convertible notes constituted a hybrid contract, with a conversion option derivative embedded into the convertible notes. The terms of Titron CN contained certain anti-dilution clauses which breached the “fixed for fixed” rule in HKAS 32. The Group had opted to classify the entire Titron CN as a financial liability at fair value through profit or loss.

34. 可換股票據

於二零一一年一月二十三日，Energy Best Investments Limited（本集團其中一間附屬 公司）與黎其方、葉偉倫、TGHL及智永國際 有限公司（「賣方」）訂立買賣協議（「買賣 協議」），內容有關以120,000,000港元收購 德隆集團，當中7,500,000港元將以現金支 付，而餘款112,500,000港元以可換股票據 （「德隆可換股票據」）方式支付。德隆可換 股票據可於由發行日期（即二零一一年十 月十日）起至到期日（二零一五年十二月 三十一日）前十個營業日止期間內兌換為 本公司股份。誠如附註6所載列，德隆集團 已構成本集團現時醫療設備及塑膠模具產 品經營分部之基準。

根據買賣協議，德隆可換股票據設有兌換 限制，當中40,000,000港元之德隆可換股 票據須根據買賣協議就償還擔保項下之任 何申索目的而由賣方保留。賣方承諾會於 合理情況下竭盡全力，於完成後在實際可 行情況下儘快行使餘下德隆可換股票據所 附帶之兌換權。保證期已於二零一二年六 月三十日屆滿。德隆集團可換股票據之到 期日為二零一五年十二月三十一日。倘德 隆可換股票據至該日仍未兌換為本公司股 份，則將於二零一五年十二月三十一日按 全額面值予以贖回。

德隆可換股票據之兌換特徵意味此等可換 股票據構成混合合約，將兌換權衍生工具 嵌入可換股票據。德隆可換股票據之條款 包括已違反香港會計準則第32號「定額原 則」之若干反攤薄條款。本集團已選擇將全 部德隆可換股票據歸類為透過損益按公允 價值列賬之財務負債。

AMCO UNITED HOLDING LIMITED 166 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

34. CONVERTIBLE NOTES (continued)

34. 可換股票據 （續）

At the date of issue, Titron CN was valued by Ascent Partners Valuation Service Limited, an independent firm of professional valuers. The fair value of Titron CN was based on the available observable market data. The major inputs used in the models were as follows:

於發行日期，德隆可換股票據由獨立專業 估值師行艾升評值諮詢有限公司估值。德 隆可換股票據之公允價值乃依據可觀察市 場數據而釐定。模型中所用主要輸入數據 如下：

Principal amount (HK$’000) Coupon rate Risk free rate Closing price per share (at date of completion)

本金額（千港元）	112,500
票息率	0%
無風險利率	0.1899%
每股收市價格（於完成日期）	HK$0.041港元

On 30 December 2011, approximately HK$72,456,000 of Titron CN (at nominal principal value) was converted into 1,449,123,800 ordinary shares at the conversion rate of HK$0.05 per share pursuant to the S&P. The closing price of the Company’s shares was HK$0.033 per share at that date.

於二零一一年十二月三十日，為數約 72,456,000港元之德隆可換股票據（按本 金面值）已根據買賣協議按每股0.05港元 之兌換率兌換為1,449,123,800股普通股。 本公司股份於當日之收市價為每股0.033港 元。

On 26 May 2014 (“Conversion Date”), the remaining Titron CN of approximately HK$40,044,000 (at nominal principal value) were converted into 80,087,620 ordinary shares at the conversion rate of HK$0.50 per share pursuant to the S&P, resulting in an increase in share capital of HK$801,000 and share premium of HK$26,429,000. The number of ordinary shares and conversion price had been duly amended to reflect the Capital Reorganisation carried out by the Company on 26 March 2013 (10 for 1 share consolidation and reduction in par value/share). The closing price of the Company’s shares was HK$0.34 per share at the Conversion Date.

於二零一四年五月二十六日（「兌換日 期」），餘下為數約40,044,000港元之德 隆可換股票據（按本金面值）已根據買 賣協議按每股 0.50 港元之兌換率兌換 為80,087,620股普通股，導致增加股本 801,000港元及股份溢價26,429,000港元。 普通股數目及兌換價已妥為修訂，以反映 本公司於二零一三年三月二十六日進行之 股本重組（10合1股份合併及削減每股面 值）。本公司股份於兌換日期之收市價為每 股0.34港元。

雋泰控股有限公司 2015 年報 167

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

34. CONVERTIBLE NOTES (continued)

34. 可換股票據 （續）

34.可換股票據（續） CONVERTIBLE NOTES(continued)	34.可換股票據（續） CONVERTIBLE NOTES(continued)
截至二零一四年十二月三十一日止年度可 換股票據之變動載列如下： The movement of the convertible notes during the year ended 31 December 2014 is set out below: Total HK$’000 總計 千港元
At 1 January 2014 於二零一四年一月一日 Converted into ordinary shares 兌換為普通股 Loss on change in fair value 公允價值變動之虧損 At 31 December 2014 於二零一四年十二月三十一日	23,225 (27,230) 4,005
	–

35. COMMITMENTS

(a) Capital commitments

35. 承擔

(a) 資本承擔

The Group had the following outstanding capital commitments as at 31 December 2015.

於二零一五年十二月三十一日，本集 團擁有下列尚未償還資本承擔。

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Contracted but not provided for, in respect of: 有關下列者之已訂約但未撥備： – Acquisition of property, plant and equipment －收購物業、廠房及設備 – Acquisition of a subsidiary (Note 40(a)) －收購一間附屬公司 （附註40(a)）		– –
	266
	14,350
		–
	14,616

AMCO UNITED HOLDING LIMITED Annual Report 2015

168

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

35. COMMITMENTS (continued)

(b) Operating leases – lessee

The Group had total future minimum lease payments under non-cancellable operating leases in respect of leasehold buildings were as follows:

35. 承擔 （續）

(b) 經營租賃－承租人

本集團根據不可撤銷經營租賃就租賃 樓宇之未來最低租賃付款總額如下：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Not later than one year 一年內 Later than one year but not later than five years 一年後但五年內	2,798	3,418 2,481
	2,294
		5,899
	5,092

The leases run for an initial period of one to three years (2014: one to three years), with options to renew the leases and renegotiate the terms at the expiry dates as mutually agreed between the Group and respective lessors. None of the leases include contingent rentals.

租賃初步為期一至三年（二零一四 年：一至三年），經本集團與各出租人 互相協定，可選擇於屆滿日期續約及 重新磋商條款。該等租賃並不包括或 然租金。

Operating leases – lessor

As disclosed in Note 33(b), the Property acquired during the year had committed tenants up to the end of February 2016. At the end of the reporting period, the Group had total future minimum lease payments receivable under non-cancellable operating leases in respect of leasehold building was as follows:

經營租賃－出租人

誠如附註33(b)所披露，年內收購之該 物業租賃承擔直至二零一六年二月底 為止。於報告期末，本集團根據不可撤 銷經營租賃就租賃樓宇之未來最低租 賃付款總額如下：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Not later than one year 一年內	170	–

36. CONTINGENT LIABILITIES

36. 或然負債

The Group had no material contingent liabilities as at 31 December 2015 and 2014.

於二零一五年及二零一四年十二月三十一 日，本集團概無重大或然負債。

雋泰控股有限公司 2015 年報

169

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

37. SUMMARY OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES BY CATEGORY

37. 按類別劃分之財務資產及財務 負債概要

The following table shows the carrying amount and fair value of financial assets and liabilities as defined in Note 4.7:

下表列示附註4.7所界定之財務資產及財務 負債之賬面值及公允價值：

	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元	2015 2014 HK$’000 HK$’000 二零一五年 二零一四年 千港元 千港元
Financial assets 財務資產： Loans and receivables 貸款及應收款項 – Trade and other receivables －貿易及其他應收款項 – Pledged time deposits －已抵押定期存款 – Cash and cash equivalents －現金及現金等價物 Financial liabilities: 財務負債： Financial liabilities measured at amortised cost 按攤銷成本計量之財務負債 – Trade and other payables －貿易及其他應付款項 – Bank borrowings －銀行借貸 – Obligation under a finance lease －融資租賃承擔		11,874 1,546 62,580
	20,663
	–
	184,235
		76,000
	204,898
		31,572 2,169 16
	30,442
	–
	–
		33,757
	30,442

Financial instruments not measured at fair value

並非按公允價值計量之財務工具

All the financial instruments are not measured at their fair values, as they are short term in nature, it is considered that their costs or amortised costs approximate to their fair values.

由於所有財務工具均屬短期性質，故全部 均非按公允價值計量。其成本或攤銷成本 被視為與其公允價值相若。

As at 31 December 2015 and 2014, the Group did not have any financial assets or liabilities measured at fair value in the consolidated statement of financial position.

於二零一五年及二零一四年十二月三十一 日，本集團之綜合財務狀況表內並無按公 允價值計量之財務資產或負債。

AMCO UNITED HOLDING LIMITED 170 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. FINANCIAL RISK MANAGEMENT

38. 財務風險管理

Exposure to credit, liquidity, interest rate and currency risks arises in the normal course of the Group’s business. The Group is also exposed to equity price risk arising from movements in its own equity share price.

本集團承受之信貸、流動資金、利率及貨幣 風險乃於正常業務過程之中產生。本集團 亦承受因其本身之股價變動而產生之股價 風險。

The main risks arising from the Group’s financial instruments in the normal course of the Group’s business are credit risk, liquidity risk, interest rate risk and currency risk.

於本集團之正常業務過程中因財務工具而 產生之主要風險為信貸風險、流動資金風 險、利率風險及貨幣風險。

Financial risk management is coordinated at the Group’s headquarter, in close co-operation with the Board. The overall objectives in managing financial risks focus on securing the Group’s short to medium term cash flows by minimising its exposure to financial markets.

本集團總部與董事會密切合作，協調財務 風險管理工作。管理財務風險之整體目標 集中於透過儘量減低其於金融市場之風險 承擔，保障本集團之中短期現金流量。

These risks are limited by the Group’s financial management policies and practices described below.

該等風險乃受下文所載本集團之財務管理 政策及慣例限制。

(i) Credit risk

(i) 信貸風險

The Group’s credit risk is primarily attributable to its trade and other receivables. Management has a credit policy in place and the exposures to these credit risks are monitored on an ongoing basis.

本集團之信貸風險主要歸因於其貿易 及其他應收款項。管理層設有既定之 信貸政策，並持續監察所承受之信貸 風險。

In respect of trade and other receivables, individual credit evaluations are performed on all customers requiring credit over a certain amount. These evaluations focus on the customer’s past history of making payments when due and current ability to pay, and take into account information specific to the customers as well as pertaining to the economic environment in which the customers operate. Trade receivables are due within 30 days from the date of billing. Debtors with balances that are more than 6 months past due are requested to settle all outstanding balances before any further credit is granted. Normally, the Group does not obtain collateral from customers, except for new customers, where payment in advance is normally required.

就貿易及其他應收款項而言，所有要 求超出信貸限額之客戶均須進行個別 信貸評估。該等評估集中於客戶過往 於到期時還款之記錄，以及現時還款 之能力，並會考慮客戶特定之賬戶資 料及參考客戶經營所處之經濟環境。 貿易應收款項自發票日期起計30日內 到期。結餘逾期六個月以上之債務人 於獲授任何進一步信貸前須清償所有 尚未償還結餘。一般而言，本集團不會 向客戶收取抵押品，惟新客戶一般需 要預付款項。

雋泰控股有限公司 2015 年報

171

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. FINANCIAL RISK MANAGEMENT (continued)

(i) Credit risk (continued)

The Group’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The default risk of the industry and country in which customers operate also has an influence on credit risk but to a lesser extent. At the end of reporting period, the Group has a certain concentration of credit risk as 96% (2014: 35%) and 98% (2014: 78%) of the total trade receivables was due from the Group’s largest customer and the four largest customers respectively.

Further quantitative disclosures in respect of the Group’s exposure to credit risk arising from trade and other receivables are set out in Note 20.

(ii) Liquidity risk

The Group’s policy is to regularly monitor its liquidity requirements and its compliance with lending covenants, to ensure that it maintains sufficient reserves of cash and readily realisable marketable securities and adequate committed lines of funding from major financial institutions to meet its liquidity requirements in the short and longer term.

38. 財務風險管理 （續）

(i) 信貸風險 （續）

本集團所面臨之信貸風險主要受各客 戶個別特性所影響。客戶所經營行業 及經營所在國家之拖欠風險亦對信貸 風險有所影響，惟影響較小。於報告期 末，本集團有若干集中信貸風險，應收 本集團最大客戶及四大客戶之款項分 別佔貿易應收款項總額之96%（二零 一四年：35% ）及98%（二零一四年： 78% ）。

有關本集團承受因貿易及其他應收款 項而產生之信貸風險之進一步定量披 露資料載於附註20。

(ii) 流動資金風險

本集團之政策乃定期監察其流動資金 需求及其遵守放貸契約之情況，以確 保其維持充足之現金儲備及可隨時變 現之可銷售證券，以及自主要財務機 構獲得充足資金承諾，以應付其短期 及較長期流動資金需求。

AMCO UNITED HOLDING LIMITED 172 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. FINANCIAL RISK MANAGEMENT (continued)

(ii) Liquidity risk (continued)

The following tables show the remaining contractual maturities at the end of the reporting period of the Group’s financial liabilities, based on undiscounted cash flows (including interest payments computed using contractual rates or, if floating, based on current rates at the reporting date) and the earliest date the Group can be required to pay.

38. 財務風險管理 （續）

(ii) 流動資金風險 （續）

下表顯示於報告期末本集團之財務負 債之餘下合約到期日，乃根據未貼現 現金流量（包括採用合約利率計算之 利息付款，或倘為浮動利率，則根據於 報告日期之當前利率計算）及要求本 集團還款之最早日期而得出。

	As at 31 December 2015 於二零一五年十二月三十一日 Carrying amount Total contractual undiscounted cash flows Within 1 year or on demand HK$’000 HK$’000 HK$’000 賬面值 合約未貼現 現金流量總額 一年內或 按要求 千港元 千港元 千港元
Non-derivative financial liabilities 非衍生財務負債 Trade and other payables 貿易及其他應付款項
	30,442 30,442 30,442
	As at 31 December 2014 於二零一四年十二月三十一日 Carrying amount Total contractual undiscounted cash flows Within 1 year or on demand HK$’000 HK$’000 HK$’000 賬面值 合約未貼現 現金流量總額 一年內或 按要求 千港元 千港元 千港元
Non-derivative financial liabilities 非衍生財務負債 Trade and other payables 貿易及其他應付款項 Bank borrowings 銀行借貸 Obligation under a finance lease 融資租賃承擔	31,572 31,572 31,572 2,169 2,169 2,169 16 16 16
	33,757 33,757 33,757

雋泰控股有限公司 2015 年報 173

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. FINANCIAL RISK MANAGEMENT (continued)

(iii) Cash flow and fair value interest rate risk

38. 財務風險管理 （續）

(iii) 現金流量及公允價值利率風 險

Interest rate risk related to the risk that the fair value or cash flows of a financial instrument will fluctuate because of changes in market interest rate.

利率風險為財務工具之公允價值或現 金流因市場利率變動而波動之風險。

The Group’s exposure to interest rate risk mainly arises from bank deposits which earn interests at floating or fixed rates. At 31 December 2015, the Group did not have any interest bearing borrowings. The Group has not used any derivative contracts to hedge its exposure to interest rate risk. The Group has not formulated a policy to manage the interest rate risk. The Directors considered that the Group’s exposure to interest rate risk is not significant.

本集團承受之利率風險主要來自於按 浮息或定息賺取利息之銀行存款。於 二零一五年十二月三十一日，本集團 並無任何計息借貸。本集團並無使用 任何衍生工具合約對沖利率風險。本 集團並無制定管理利率風險之政策。 董事認為本集團承受之利率風險並不 重大。

(iv) Currency risk

The Group mainly operates in Hong Kong. The functional currency of the Company and most of its subsidiaries is HK$. The Group is exposed to currency risk primarily through sales that are denominated primarily in United States Dollars (“US$”) for the current year as opposed to sales and purchases that were primarily denominated in US$ and RMB, respectively, for the year ended 31 December 2014. Both US$ and RMB are currencies other than the functional currencies of the operations to which they related.

(iv) 貨幣風險

本集團主要於香港經營。本公司及其 大多數附屬公司之功能貨幣為港元。 本集團之貨幣風險主要來源於主要以 美元計值之銷售，而截至二零一四年 十二月三十一日止年度之買賣主要分 別以美元（「美元」）及人民幣計值。美 元及人民幣均為相關業務之功能貨幣 以外之貨幣。。

	US$ RMB 美元 人民幣 2015 2014 2015 2014 HK$’000 HK$’000 HK$’000 HK$’000 二零一五年 二零一四年 二零一五年 二零一四年 千港元 千港元 千港元 千港元	US$ RMB 美元 人民幣 2015 2014 2015 2014 HK$’000 HK$’000 HK$’000 HK$’000 二零一五年 二零一四年 二零一五年 二零一四年 千港元 千港元 千港元 千港元	US$ RMB 美元 人民幣 2015 2014 2015 2014 HK$’000 HK$’000 HK$’000 HK$’000 二零一五年 二零一四年 二零一五年 二零一四年 千港元 千港元 千港元 千港元	US$ RMB 美元 人民幣 2015 2014 2015 2014 HK$’000 HK$’000 HK$’000 HK$’000 二零一五年 二零一四年 二零一五年 二零一四年 千港元 千港元 千港元 千港元
Trade and other receivables 貿易及其他應收款項 Pledged time deposits 已抵押定期存款 Cash and cash equivalents 現金及現金等價物 Trade and other payables 貿易及其他應付款項 Overall net exposure 整體承擔風險淨額	9,617	9,785	–	674 1,546 33 (21)
	–	–	–
	2,715	3,199	235
	(64)	(2,093)	(24)
				2,232
	12,268	10,891	211

AMCO UNITED HOLDING LIMITED 174 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

38. FINANCIAL RISK MANAGEMENT (continued)

(iv) Currency risk (continued)

As HK$ is pegged to the US$, the Group does not have material exchange rate risk on such currency. As at 31 December 2015, the net exposure of assets and liabilities to RMB is considered as minimal due to the insignificance in amount. Accordingly, the Directors consider that no sensitivity analysis is required.

38. 財務風險管理 （續）

(iv) 貨幣風險 （續）

由於港元與美元掛鈎，因此本集團並 無承擔該貨幣之重大匯率風險。於二 零一五年十二月三十一日，與人民幣 相關之資產及負債風險淨額由於人民 幣數額不大而被視為微小。因此，董事 認為敏感度分析屬不必要。

39. CAPITAL RISK MANAGEMENT

39. 資本風險管理

The Group’s objective when managing capital is to safeguard the Group’s ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stakeholders.

本集團管理資本旨在保障本集團之持續經 營能力，從而能夠繼續為股東提供回報並 為其他利益相關者帶來利益。

The Group actively and regularly reviews and manages its capital structure to maintain a balance between the higher shareholder returns that might be possible with higher levels of borrowings and the advantages and security afforded by a sound capital position, and makes adjustments to the capital structure in light of changes in economic conditions.

本集團積極及定期檢討及管理其資本架 構，藉以在較高借貸水平可能帶來之較高 股東回報與取得充裕資金狀況所帶來之裨 益及保障之間維持平衡，並就經濟狀況之 轉變對資本架構進行調整。

Management regards total equity as capital. The amount of capital as at 31 December 2015 amounted to approximately HK$243,770,000 (2014: HK$48,186,000).

管理層將權益總額視為資本。於二零 一五年十二月三十一日之資本數額 約為 243,770,000 港元（二零一四年： 48,186,000港元）。

雋泰控股有限公司 2015 年報 175

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

40. EVENTS AFTER THE REPORTING DATE

• (a) Pursuant to an announcement made by the Company on 5 January 2016, Best Reward Global Limited (“Best Reward”), a wholly-owned subsidiary of the Company, completed the acquisition of ACE Engineering pursuant to the sale and purchase agreement dated 14 September 2015 entered into between Best Reward as the purchaser and two individuals as vendors to acquire 100% of the issued share capital of ACE Engineering at a cash consideration of HK$20,500,000. ACE Engineering is principally engaged in building construction, building maintenance and improvement works, project management, renovation and decoration works business in Hong Kong. Pursuant to the aforesaid agreement, a deposit of HK$6,150,000 (Note 20) was paid to the vendors on 14 September 2015.

As the financial information of ACE Engineering as at the completion date is still under preparation, the Group is unable to determine the fair value of the identifiable assets acquired and liabilities assumed at the completion date. Accordingly, the Directors consider that it is not practicable to disclose the financial information of ACE Engineering, including the fair value of its identifiable assets and liabilities and goodwill on acquisition (if any) as of the completion date at this stage. Details of the acquisition and historical financial information of ACE Engineering for the years ended 31 March 2013, 2014 and 2015 and the period ended 30 Jun 2015 are set out in the Company’s circular dated 4 December 2015.

40. 報告日期後事項

• (a) 根據本公司於二零一六年一月五日發 表之公告，本公司之全資附屬公司佳 賞環球有限公司（「佳賞」）已完成收 購安迪工程。根據於二零一五年九月 十四日訂立之收購協議，佳賞（作為買 方）與兩名個別人士（作為賣方）就以 現金代價20,500,000港元收購安迪工 程之全部已發行股本。安迪工程主要 於香港從事樓宇建造、樓宇維修及改 善工程、項目管理、裝修及裝飾工程。 根據上述協議，已於二零一五年九月 十四日向賣方支付按金6,150,000港元

• （附註20）。

由於仍在編製安迪工程於完成日期之 財務資料，本集團因而無法釐定所收 購可識別資產及所承擔負債於完成日 期之公允價值。因此，董事認為現階 段不宜披露安迪工程於完成日期之財 務資料，當中包括其於收購時之可識 別資產及負債以及商譽（如有）。有 關收購安迪工程之詳情以及安迪工程 截至二零一三年、二零一四年及二零 一五年三月三十一日止年度以及截至 二零一五年六月三十日止期間之過往 財務資料載於本公司日期為二零一五 年十二月四日之通函。

AMCO UNITED HOLDING LIMITED 176 Annual Report 2015

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

Notes to the Consolidated Financial Statements 綜合財務報表附註

40. EVENTS AFTER THE REPORTING DATE

40. 報告日期後事項 （續）

(continued)

• (b) Pursuant to an announcement made by the Company on 5 January 2016, the Company entered into a memorandum of understanding (“MOU“) with a prospective seller and three individuals in relation to the possible acquisition of not more than 30% of issued share capital of OPS Interior Design Consultant Limited (“OPS Interior”), a company with limited liability incorporated in Hong Kong and is principally engaged in the provision of interior design and contracting services. The MOU gives the Company the exclusivity period of six months to conduct the necessary due diligence on OPS Interior. No formal sales and purchase agreement was entered into up to the date of approval of the Group’s financial statements.

• (b) 根據本公司於二零一六年一月五日發 表之公告，本公司與潛在賣方及三名 個別人士就可能收購奧思室內設計顧 問有限公司（「奧思」）之不超過30% 已發行股本訂立諒解備忘錄（「諒解備 忘錄」）。奧思為一間於香港註冊成立 之有限公司，其主要從事提供室內設 計及承包服務。諒解備忘錄給予本公 司為期六個月之獨家期以對奧思作出 盡職審查。直至本集團財務報表獲批 准日期止，概無訂立正式買賣協議。

• (c) Pursuant to an announcement made by the Company on 7 January 2016, Ever Great Finance Limited, a wholly-owned subsidiary of the Company and a licensed money lender in Hong Kong under the Money Lenders Ordinance, entered into a loan agreement with a borrower, an independent third party which is a company incorporated in Hong Kong and is engaged in the provision of securities trading and corporate finance advisory services, pursuant to which the lender agreed to grant to the borrower, an unsecured loan in the principal amount of HK$20,000,000, which bears interest at a rate of 8% per annum for a period of six months.

• (c) 根據本公司於二零一六年一月七日 發表之公告，本公司之全資附屬公司 恒昌財務有限公司（為放債人條例項 下之香港持牌放債人）與借款人（為 獨立第三方，為於香港註冊成立之公 司及從事提供證券交易及企業財務諮 詢服務業務）訂立貸款協議，據此， 放債人同意向借款人授出本金額為 20,000,000港元之無抵押貸款，按年 利率8%計息，期限為六個月。

雋泰控股有限公司 2015 年報 177

Notes to the Consolidated Financial Statements 綜合財務報表附註 For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

40. EVENTS AFTER THE REPORTING DATE

40. 報告日期後事項 （續）

(continued)

• (d) Pursuant to an announcement made by the Company on 15 January 2016, Praiseful Moment Limited (“Praiseful Moment”), a wholly-owned subsidiary of the Company, entered into a sale and purchase agreement (“SP Agreement”) with Rosy Lane Investments Limited (“Rosy Lane”), a company incorporated in the BVI with limited liability and is wholly-owned by Hong Kong Education (Int’l) Investments Limited, a company incorporated in the Cayman Islands and continued in Bermuda with limited liability, the shares of which are listed on the Main Board of the Stock Exchange (Stock Code: 1082), in which Praiseful Moment has conditionally agreed to acquire, and Rosy Lane has conditionally agreed to sell, 40% of the issued share capital of Ultimate Elite Investments Limited (“Target”) at an aggregate cash consideration of HK$50,000,000.

The Target is principally engaged in investment holding, and directly holds 100% of the issued share capital of Vision Smart Limited (“Target Subsidiary”), a company incorporated in Hong Kong with limited liability and is principally engaged in property investment and investment holding. Prior to the signing of the SP Agreement, the Target Subsidiary has contracted to acquire the properties located at Offices A-H, J-N & P on 21/F. (Whole Floor), No. 3 On Kwan Street, Sha Tin, New Territories, Hong Kong (“Properties”). The completion of the acquisition of the Target is conditional upon, among other conditions, the completion of the acquisition of the Properties by the Target Subsidiary. Upon completion, the principal assets of the Target and the Target Subsidiary (collectively referred as “Target Group”) will be the Properties and a cash balance of not less than HK$5,000,000, and each member of the Target Group will become an associate of the Group. As at the date of this report, the acquisition of the Target has not yet completed.

• (d) 根據本公司於二零一六年一月十五日 發表之公告，本公司之全資附屬公司 順年有限公司（「順年」）與Rosy Lane Investments Limited（「Rosy Lane 」）， 乃一間於英屬處女群島註冊成立之 有限公司，並由香港教育（國際）投資 集團有限公司（一間於開曼群島註冊 成立及於百慕達存續之有限公司，其 股份於聯交所主板上市（股份代號： 1082））全資擁有）訂立買賣協議（「買 賣協議」），據此，順年已有條件同意 收購，而Rosy Lane已有條件同意出 售Ultimate Elite Investments Limited

• （「目標公司」）之40%已發行股本）， 總現金代價為50,000,000港元。

• 目標公司主要從事投資控股，及直接 持有Vision Smart Limited（「目標附屬 公司」）之全部已發行股本，其乃一間 於香港註冊成立之有限公司，主要從 事物業投資及投資控股。於簽署買賣 協議前，目標附屬公司已訂約收購位 於香港新界沙田安群街3號21樓A-H、 J-N及P號辦公室（全層）之物業（「該 等物業」）。完成收購目標公司須待

• （其中包括）目標附屬公司完成收購該 等物業後，方告完成。於完成後，目標 公司及目標附屬公司（統稱「目標集 團」）之主要資產將為該等物業及不少 於5,000,000港元之現金結餘，且目標 集團各成員公司將成為本公司之聯營 公司。於本報告日期，收購目標公司尚 未完成。

AMCO UNITED HOLDING LIMITED 178 Annual Report 2015

Notes to the Consolidated Financial Statements 綜合財務報表附註

For the year ended 31 December 2015 截至二零一五年十二月三十一日止年度

40. EVENTS AFTER THE REPORTING DATE

40. 報告日期後事項 （續）

(continued)

• (e) Pursuant to an announcement made by the Company on 20 January 2016, the Company proposed to raise not less than approximately HK$80,716,000 before expenses by issuing not less than 620,893,160 offer shares and not more than approximately HK$83,820,000 before expenses by issuing not more than 644,770,906 offer shares at the subscription price of HK$0.13 per offer share on the basis of one offer share for every two shares in issue on the record date (“Open Offer”).

• Pursuant to an underwriting agreement dated 20 January 2016 entered into between the Company and the underwriter (“Underwriting Agreement”), the Open Offer would be fully underwritten by the underwriter, on the terms and subject to the conditions in the Underwriting Agreement. The minimum net proceeds from the Open Offer, after deducting relevant expenses, are estimated to be approximately HK$77,416,000. The Company intends to apply the net proceeds from the Open Offer to develop and operate the Group’s Money Lending Business. For further details of the Open Offer, please refer to the prospectus dated 23 February 2016. On 17 March 2016, the Open Offer was completed and net proceeds of approximately HK$77,416,000 were raised.

41. APPROVAL OF FINANCIAL STATEMENTS

The financial statements were approved and authorised for issue by the Board of Directors on 29 March 2016.

• (e) 根據本公司於二零一六年一月二十 日發表之公告，本公司建議按照於記 錄日期每持有兩股已發行股份獲發 一股發售股份的基準，以認購價每股 發售股份0.13港元，透過發行不少於 620,893,160股發售股份籌集不少於 約80,716,000港元（扣除開支前）及 透過發行不多於644,770,906股發售 股份籌集不超過約83,820,000港元

• （扣除開支前）（「公開發售」）。

根據本公司與包銷商於二零一六年一 月二十日訂立之包銷協議（「包銷協 議」），公開發售將由包銷商按照包銷 協議的條款及在其條件規限下全數包 銷。公開發售的最低所得款項淨額（扣 除有關開支後）估計約為77,416,000 港元。本公司擬運用公開發售所得款 項淨額以發展及營運本集團之放貸業 務。有關公開發售之進一步詳情，敬請 參閱日期為二零一六年二月二十三日 之章程。公開發售已於二零一六年三 月十七日完成及籌集所得款項淨額約 為77,416,000港元。

41. 批准財務報表

本財務報表已於二零一六年三月二十九日 獲董事會批准及授權刊發。

雋泰控股有限公司 2015 年報 179

Financial Summary 財務概要

1. RESULTS

1. 業績

1. RESULTS	1.業績	1.業績
	For the year ended 31 December 截至十二月三十一日止年度
	2015 2014 2013 2012 2011 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 (Restated) 二零一五年 二零一四年 二零一三年 二零一二年 二零一一年 千港元 千港元 千港元 千港元 千港元 （重列）
Turnover 營業額 (Loss)/profit before taxation 除稅前（虧損）╱溢利 Income tax (expenses)/credit 所得稅（開支）╱抵免 Profit/(loss) for the year from discontinued operations 來自已終止經營業務 之年度溢利╱ （虧損） Loss for the year 年度虧損 Non-controlling interests 非控制性權益 Loss for the year attributable to owners of the Company 本公司擁有人 應佔年度虧損	72,352	76,470 89,006 157,855 125,955
		(48,287) (74,754) (55,783) 1,095 – 141 251 (197) – – 10,882 (82,384)
	(18,371)
	(235)
	–
		(48,287) (74,613) (44,650) (81,486) – – – 976
	(18,606)
	–
		(48,287) (74,613) (44,650) (80,510)
	(18,606)

2. ASSETS AND LIABILITIES

2. 資產及負債

2. ASSETS AND LIABILITIES	2.資產及負債	2.資產及負債
	At 31 December 於十二月三十一日
	2015 2014 2013 2012 2011 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 二零一五年 二零一四年 二零一三年 二零一二年 二零一一年 千港元 千港元 千港元 千港元 千港元
Assets 資產 Property, plant and equipment 物業、廠房及設備 Goodwill 商譽 Intangible asset 無形資產 Other assets 其他資產 Total assets 總資產 Liabilities 負債 Current liabilities 流動負債 Non-current liabilities 非流動負債 Total liabilities 總負債 Total assets less total liabilities 總資產減總負債 Non-controlling interests 非控制性權益 Equity/(capital deficiency) attributable to owners of the Company 本公司擁有人 應佔權益╱ （資本虧絀）		3,169 6,009 17,576 22,047 – 11,836 45,907 67,362 – – – – 78,774 28,654 49,373 113,381
	65,703
	957
	2,584
	205,322
		81,943 46,499 112,856 202,790
	274,566
		33,757 76,043 63,154 106,369 – 7,129 12,150 15,287
	30,442
	354
		33,757 83,172 75,304 121,656
	30,796
		48,186 (36,673) 37,552 81,134 – – – 1,519
	243,770
	–
		48,186 (36,673) 37,552 82,653
	243,770

AMCO UNITED HOLDING LIMITED Annual Report 2015

180

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