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Welife Technology Limited Interim / Quarterly Report 2022

Dec 6, 2021

50103_rns_2021-12-06_104ba827-3820-42db-a75a-6f0339825bb0.pdf

Interim / Quarterly Report

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(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock code 股份代號 : 1703

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Interim Report 中期報告

CORPORATE INFORMATION 公司資料

BOARD OF DIRECTORS

Executive Directors

Mr. Chan Shou Ming (Chairman) Ms. Chen Xiao Ping (Chief Executive Officer) Ms. Qian Chunlin

Independent Non-executive Directors

Mr. Lee Wai Man (appointed on 14 July 2021)

Mr. Ng Kwok Tung Mr. Tsang Hung Kei Mr. Chan Koon Yuen Windaus (resigned on 14 July 2021)

Company Secretary

Mr. Chan Yu Chi

Authorised Representatives

Ms. Chen Xiao Ping Mr. Chan Yu Chi

Audit Committee

Mr. Ng Kwok Tung (Chairman) Mr. Lee Wai Man (appointed on 14 July 2021)

Mr. Tsang Hung Kei Mr. Chan Koon Yuen Windaus (resigned on 14 July 2021)

Remuneration Committee

Mr. Lee Wai Man (Chairman) (appointed on 14 July 2021) Mr. Ng Kwok Tung Mr. Tsang Hung Kei Mr. Chan Koon Yuen Windaus (resigned on 14 July 2021)

董事會

執行董事 陳首銘先生（主席） 陳曉平女士（行政總裁） 錢春林女士

獨立非執行董事

李偉文先生 （於2021年7月14日獲委任） 伍國棟先生 曾鴻基先生 陳冠遠先生 （於2021年7月14日辭任）

公司秘書

陳如子先生

授權代表

陳曉平女士 陳如子先生

審核委員會

伍國棟先生（主席） 李偉文先生 （於2021年7月14日獲委任） 曾鴻基先生 陳冠遠先生 （於2021年7月14日辭任）

薪酬委員會

李偉文先生（主席） （於2021年7月14日獲委任） 伍國棟先生 曾鴻基先生 陳冠遠先生 （於2021年7月14日辭任）

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

1

CORPORATE INFORMATION 公司資料

Nomination Committee

Mr. Tsang Hung Kei (Chairman) Mr. Lee Wai Man (appointed on 14 July 2021)

Mr. Ng Kwok Tung Mr. Chan Koon Yuen Windaus (resigned on 14 July 2021)

Registered Office

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands

Head Office and Principal Place of Business of Hong Kong

Unit 2, 14/F., Win Century Centre No. 2A Mong Kok Road Kowloon Hong Kong

Principal Share Registrar and Transfer Office

Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands

Hong Kong Branch Share Registrar

Tricor Investor Services Limited Level 54, Hopewell Centre 183 Queen’s Road East Hong Kong

提名委員會

曾鴻基先生（主席） 李偉文先生 （於2021年7月14日獲委任） 伍國棟先生 陳冠遠先生 （於2021年7月14日辭任）

註冊辦事處

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands

總部及香港主要營業地點

香港 九龍 旺角道2A號 琪恒中心14樓2室

主要股份過戶登記處

Conyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands

香港股份過戶登記分處

卓佳證券登記有限公司 香港 皇后大道東183號 合和中心54樓

2

INTERIM REPORT 2021/2022 中期報告

CORPORATE INFORMATION 公司資料

Auditor

SHINEWING (HK) CPA Limited

Registered Public Interest Entity Auditor

Legal Advisers

As to Hong Kong Laws Ince & Co.

Principal Bankers

The Hongkong and Shanghai Banking Corporation Limited Bank of China (Hong Kong) Limited

Stock Code

The Stock Exchange of Hong Kong Limited 01703

Website

www.palace-rest.com.hk

核數師

信永中和（香港）會計師事務所有限 公司

註冊公眾利益實體核數師

法律顧問

有關香港法律 英士律師行

主要往來銀行

香港上海滙豐銀行有限公司

中國銀行（香港）有限公司

股份代號

香港聯合交易所有限公司 01703

網址

www.palace-rest.com.hk

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

3

FINANCIAL HIGHLIGHTS 財務摘要

For the six months ended 30 September 2021 (the “ Period ”),

  • revenue was approximately HK$156.0 million (six months ended 30 September 2 0 2 0 : a p p r o x i m a t e l y H K $ 1 0 5 . 1 million), representing an increase of approximately 48.4%.

  • gross profit margin was at approximately 74.5% (six months ended 30 September 2 0 2 0 : a p p r o x i m a t e l y 7 5 . 0 % ) , representing a decrease of approximately 0.5%.

  • loss and total comprehensive expenses for the period was approximately HK$18.7 million (six months ended 30 September 2020: approximately HK$57.3 million), representing a decrease of approximately 67.4%.

  • loss per share was approximately HK1.6 cents (six months ended 30 September 2020: approximately HK5.7 cents).

  • The board (the “ Board ”) of directors (the “ Directors ”) of Palace Banquet Holdings Limited (the “ Company ”) does not recommend the payment of any interim dividend for the Period.

  • 截至2021年9月30日止六個月（「 期 內 」），

  • 收益為約156.0百萬港元（截 至2020年9月30日止六個月： 約 105.1 百萬港元），增加約 48.4%。

  • 毛利率為約 7 4 . 5 %（截至 2020年9月30日止六個月：約 75.0% ），減少約0.5%。

  • 期內虧損及全面開支總額為約 18.7百萬港元（截至2020年9月 30日止六個月：約57.3百萬港 元），減少約67.4%。

  • 每股虧損為約1.6港仙（截至 2020年9月30日止六個月：約 5.7港仙）。

  • 首灃控股有限公司（「 本公司 」） 董事（「 董事 」）會（「 董事會 」） 並不建議於期內派付任何中期 股息。

4

INTERIM REPORT 2021/2022 中期報告

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

The Company and its subsidiaries (collectively refer to as the “ Group ”) is a full-service restaurant group in Hong Kong offering Cantonese dining service and banquet service including wedding banquet service.

BUSINESS REVIEW

The Group is a full-service restaurant group in Hong Kong offering Cantonese dining and banquet services including wedding banquet services.

During the Period, the COVID-19 Pandemic (the “ Pandemic ”) under control in Hong Kong and the Hong Kong Government had relaxed the social distancing measures. The launch of “Modes of Operation of Catering Business/Scheduled Premises” by the Hong Kong Government further allowed the Group to have a higher seating capacity and longer operating hours where the number of guests for dining and the number of banquet services were increased accordingly. For the Period, the turnover increased by approximately HK$50.9 million, or 48.4%, to approximately HK$156.0 million from approximately HK$105.1 million for the six months ended 30 September 2020.

As at 30 September 2021, the Group has nine Chinese full-service restaurants operating under the brand “Palace（煌府）”, one restaurant operating under the brand “Royal Courtyard （煌苑）” at Shek Mun, which possess outdoor garden for holding wedding ceremonies and one restaurant operating under the brand “Sea Moon Cuisine（海月宴會廳）” at China Hong Kong City.

本公司及其附屬公司（統稱「 本集 團 」）是香港一間全面服務式酒樓集 團，提供粵式餐飲服務及宴會服務， 包括婚宴服務。

業務回顧

本集團是香港一間全面服務式酒樓 集團，提供粵式餐飲及宴會服務，包 括婚宴服務。

於期內，香港的 COVID-19疫情（「 疫 情 」）已得到控制，且香港政府已放寬 社交距離措施。由香港政府推出的「餐 飲業╱表列處所的經營模式」進一步 提高了本集團的座位容量及延長了 營業時間，就餐人數及宴會服務數量 相應增加。期內，營業額由截至2020 年9月30日止六個月的約105.1百萬 港元增加約50.9百萬港元或48.4%至 約156.0百萬港元。

於2021年9月30日，本集團以「煌府」 品牌經營九間中式全面服務式酒樓， 一間於石門以「煌苑」品牌營運的酒 樓，其擁有舉辦婚宴的戶外花園及一 間於中港城以「海月宴會廳」品牌營 運的酒樓。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

5

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

The following table sets out the movement of the number of restaurants we operated during the Period:

下表載列我們於期內經營的酒樓數 量變動：

Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
11
18
–
(3)
11
15
Number of restaurants at
the beginning of the period
期初的酒樓數目
Number of closed restaurant(s)
during the period
期內關閉酒樓的
數目
Number of restaurants at
the end of the period
期末的酒樓數目		 11
–
11

FINANCIAL REVIEW

Revenue

T h e G r o u p ’ s r e v e n u e i n c r e a s e d b y approximately 48.4% from approximately HK$105.1 million for the six months ended 30 September 2020 to approximately HK$156.0 million for the Period. Such increase in revenue was mainly due to the relaxation of social distancing measures imposed by the Hong Kong Government during the first half of 2021. Therefore, the number of guests for dining and the banquet services increased in the fist half of 2021 when compared to corresponding period in last year.

財務回顧

收益

本集團的收益由截至2020年9月30日 止六個月的約105.1百萬港元增加約 48.4%，至期內的約156.0百萬港元。 收益增加主要由於香港政府於2021 年上半年放寬所實施的社交距離措 施。因此，就餐人數及宴會服務數量 於2021年上半年較去年同期有所增 加。

6

INTERIM REPORT 2021/2022 中期報告

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

OTHER INCOME

The Group’s other income decreased by approximately 88.1% from approximately HK$29.3 million for the six months ended 30 September 2020 to approximately HK$3.5 million for the Period. The decrease was mainly due to one-off government grants of approximately HK$22.9 million received during the six months ended 30 September 2020.

OTHER GAINS (LOSSES), NET

The Group’s other gains (losses), net for the six months ended 30 September 2021 represented gain on disposal of property, plant and equipment during the period. The Group’s other losses for the six months ended 30 September 2020 was HK$3.1 million, which included mainly impairments on right of use assets and property, plant and equipment and rent concession granted by the landlord.

COST OF INVENTORIES CONSUMED

The Group’s cost of inventories consumed increased by approximately 51.3%, from approximately HK$26.3 million for the six months ended 30 September 2020 to approximately HK$39.8 million for the Period, which was generally in line with the increase in revenue. The cost of inventories corsuned as a percentage of revenue remained relatively stable at 25.5% for the Period (six months ended 30 September 2020: 25.0%).

STAFF COSTS

T h e G ro u p ’ s s t a ff c o s t s i n c re a s e d b y approximately 22.3%, from approximately HK$44.0 million for the six months ended 30 September 2020 to approximately HK$53.8 million for the Period. Such increase was mainly due to the increase in number of headcount and employing more part-time employees upon the recovery of restaurant operations and banquet services as referred to above, and offset by the decrease in number of restaurants in operation when compared to corresponding period in last year.

其他收入

本集團的其他收入由截至2020年9月 30日止六個月的約29.3百萬港元減 少約88.1%，至期內的約3.5百萬港 元。該減幅乃主要由於截至2020年9 月30日止六個月收取約22.9百萬港 元的一次性政府補貼所致。

其他收益（虧損）淨額

本集團截至2021年9月30日止六個月 的其他收益（虧損）淨額為於期內出 售物業、廠房及設備的收益。本集團 截至2020年9月30日止六個月的其他 虧損為3.1百萬港元，主要包括使用 權資產及物業、廠房及設備減值以及 業主所授予的租金優惠。

所耗用存貨成本

本集團的所耗用存貨成本由截至 2020年9月30日止六個月的約26.3 百萬港元增加約51.3%，至期內的 約39.8百萬港元，與收益增加大致 相符。期內，所耗用存貨成本佔收益 的百分比保持相對穩定，為25.5% （截至 2020 年 9 月 30 日止六個月： 25.0%)。

員工成本

本集團的員工成本由截至2020年9月 30日止六個月的約44.0百萬港元增 加約22.3%，至期內的約53.8百萬港 元。員工成本增加乃主要由於上述酒 樓營運及宴會服務恢復後員工人數 增加及聘用更多兼職僱員，但被營運 酒樓數量較去年同期減少所抵銷。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

7

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

PROPERTY RENTALS AND RELATED EXPENSES

The Group’s property rentals and related expenses decreased by approximately 58.5%, from approximately HK$26.5 million for the six months ended 30 September 2020 to approximately HK$11.0 million for the Period. Such decrease was mainly due to decrease in number of restaurants in operation when compared to corresponding period in last year.

LOSS FOR THE PERIOD

Loss for the period decreased by approximately 67.4%, from approximately HK$57.3 million for the six months ended 30 September 2020 to approximately HK$18.7 million for the Period. Such decrease was mainly due to the combined effect of the factors discussed above.

LIQUIDITY, FINANCIAL RESOURCES AND CAPITAL STRUCTURE

The Group’s objectives in managing capital are to safeguard its ability to continue as a going concern.

The capital structure of the Group consists of net debts, which includes bank borrowings, net of bank balances and cash and equity attributable to owners of the Group, comprising issued share capital and reserves.

物業租金及相關開支

本集團的物業租金及相關開支由截 至2020年9月30日止六個月的約26.5 百萬港元減少約58.5%，至期內的約 11.0百萬港元。該減少乃主要由於營 運酒樓數量較去年同期減少所致。

期內虧損

期內虧損由截至2020年9月30日止 六個月的約 57.3 百萬港元減少約 67.4%，至期內的約18.7百萬港元。 該減少主要由於上文討論的因素的 綜合影響所致。

流動資金、財務資源及資本架構

本集團管理資本的目標是保障其持 續經營的能力。

本集團的資本架構包括淨債項，當中 包括銀行借款（扣除銀行結餘及現金 及本集團擁有人應佔權益，包括已發 行股本及儲備）。

8

INTERIM REPORT 2021/2022 中期報告

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

The Directors periodically review the capital structure of the Group and may take different measures, including adjusting the distribution of dividends to the shareholders, to issuing new shares or selling assets to reduce debt for maintaining the capital structure.

The Group’s liquidity requirements primarily relate to the working capital needs (mainly for procurement of food and beverages from suppliers, staff costs, property rents and various operating expenses), providing catering and banquet services and working capital needs for loss making period. The principal source of funding is mainly from working capital generated internally from the Group’s operation, bank borrowings and the net proceeds received from the listing of the Company’s issued shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) on 15 February 2019 (the “ Listing ”).

As at 30 September 2021, the Group’s cash and cash equivalents were approximately HK$150.6 million (31 March 2021: HK$147.5 million). As at 30 September 2021, the Group’s total current assets and current liabilities were approximately HK$192.2 million (31 March 2021: HK$199.1 million) and approximately HK$224.0 million (31 March 2021: HK$221.6 million), respectively, while the current ratio of the Group was approximately 0.86 times (31 March 2021: approximately 0.9 times).

董事定期審閱本集團資本架構及可 能採取不同措施，包括調整向股東作 出的股息分派、發行新股份或出售資 產以減低債務，藉此維持資本架構。

本集團的流動資金需求主要與營運 資金需求（主要為向供應商採購食品 及飲品、員工成本、物業租金及各項 營運開支）、提供餐飲及宴會服務以 及虧損期的營運資金需求有關。主要 資金來源主要來自本集團業務內部 產生的營運資金、銀行借款及自本公 司已發行股份於2019年2月15日在香 港聯合交易所有限公司（「 聯交所 」） 主板上市（「 上市 」）收取的所得款項 淨額。

於2021年9月30日，本集團的現金及 現金等價物為約150.6百萬港元（2021 年 3 月 31 日：147.5 百萬港元）。於 2021年9月30日，本集團的流動資產 及流動負債總額分別為約192.2百萬 港元（2021年3月31日：199.1百萬港 元）及約224.0百萬港元（2021年3月 31日：221.6百萬港元），而本集團的 流動比率為約0.86倍（2021年3月31 日：約0.9倍）。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

9

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

As at 30 September 2021, the Group’s total borrowings amounted to approximately HK$67.8 million (31 March 2021: HK$64.0 million). The borrowings were denominated in Hong Kong dollars and repayable on demand which carried floating interest rate of 1-month HIBOR plus 1% per annum, Hong Kong dollars best lending rate minus 2% per annum and fixed interest rate of 2.75% per annum.

As at 30 September 2021, the Group’s gearing ratio was approximately 211.2% (31 March 2021: 125.9%), which is calculated based on the interest-bearing debts divided by total equity attributable to owners of the Company as at 30 September 2021 and multiplied by 100%. The Directors, taking into account the nature and scale of operations and capital structure of the Group, considered that the gearing ratio as at 30 September 2021 was reasonable.

CAPITAL EXPENDITURE

The capital expenditure during the Period primarily related to expenditures on additions and renovation of property, plant and equipment for the Group’s new restaurants in Hong Kong, acquisition of restaurants in Guangzhou and Shenzhen and maintenance of existing restaurants.

FOREIGN EXCHANGE EXPOSURE

Most of the transactions of the Group are denominated in Hong Kong dollar and the Group is not exposed to any significant foreign exchange exposure.

於2021年9月30日，本集團的總借款 為約67.8百萬港元（2021年3月31日： 64.0百萬港元）。以港元計值的借款 須按要求償還及按1個月香港銀行同 業拆息加1%的浮動年利率及港元最 優惠貸款利率減2%的年利率及固定 年利率2.75%計息。

於2021年9月30日，本集團的資產負 債比率為約211.2%（2021年3月31 日：125.9%)，乃根據計息債務除以 於2021年9月30日本公司擁有人應佔 權益總額，再乘以100%計算。董事考 慮到本集團的經營性質及規模以及 資本架構後，認為於2021年9月30日 的資產負債比率屬合理。

資本開支

期內的資本開支主要與為本集團在 香港的新酒樓添置及翻新物業、廠 房及設備、收購位於廣州及深圳的酒 樓，以及維修保養現有酒樓的開支有 關。

外匯風險

本集團大部分交易以港元計值及本 集團並無承受任何重大外匯風險。

10

INTERIM REPORT 2021/2022 中期報告

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

CONTINGENT LIABILITIES

As at 30 September 2021, the Group did not have any material contingent liabilities.

HUMAN RESOURCES AND REMUNERATION POLICY

As at 30 September 2021, the Group had approximately 311 employees (as at 31 March 2021: 280 employees).

The Group offers competitive wages and other benefits to its restaurant employees, and carries out salary adjustments in response to the local labour market conditions. The staff costs primarily consisted of salaries, allowances, and other benefits, contributions to retirement benefits scheme and Directors’ emoluments.

CHARGES ON GROUP’S ASSETS

As at 30 September 2021, the deposit placed for a life insurance policy amounting to approximately HK$15.5 million (as at 31 March 2021: HK$15.5 million) was pledged to secure the Group’s bank borrowings.

SIGNIFICANT INVESTMENTS

As at 30 September 2021, the Group did not hold any significant investments.

MATERIAL ACQUISITIONS AND DISPOSAL OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES

During the Period, the Group had no material acquisition or disposal of subsidiaries, associates or joint ventures.

或然負債

於2021年9月30日，本集團並無任何 重大或然負債。

人力資源及薪酬政策

於2021年9月30日，本集團有約311 名僱員（於2021年3月31日：280名僱 員）。

本集團提供具競爭力的工資及其他 福利予酒樓僱員，並因應本地勞動市 場情況進行薪金調整。員工成本主要 包括薪金、津貼及其他福利、退休福 利計劃供款及董事薪酬。

本集團的資產質押

於2021年9月30日，投購人壽保單的 保費約15.5百萬港元（於2021年3月 31日：15.5百萬港元）已予抵押以擔 保本集團的銀行借款。

重大投資

於2021年9月30日，本集團並無持有 任何重大投資。

附屬公司、聯營公司及合資公司 重大收購及出售

於期內，本集團概無重大收購或出售 附屬公司、聯營公司或合資公司。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

11

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

EVENTS AFTER THE REPORTING PERIOD

No significant events affecting the Company occurred since 1 October 2021 and up to the date of this report.

SUFFICIENCY OF PUBLIC FLOAT

Based on the information that is publicly available to the Company and within the knowledge of the Directors, the Company has maintained a sufficient public float of at least 25% of the issued shares for the Period and up to the date of this report.

USE OF NET PROCEEDS FROM LISTING

The net proceeds from the Listing (after d e d u c t i n g u n d e r w r i t i n g f e e s a n d t h e listing expenses to be borne by the Group) (the “ Net Proceeds ”) was approximately HK$92,734,000.

On 6 October 2020, 150,000,000 shares were successfully placed at the placing price of HK$0.25 per share (the “ Placing ”) and net proceeds from the Placing of approximately HK$36.8 million was fully utilised as general capital to support the operation of the Group.

On 3 March 2021, the Board resolved to change the use of the unused Net Proceeds.

報告期後事項

自2021年10月1日起至本報告日期， 概無發生影響本公司的重大事項。

充足公眾持股量

根據本公司公開可得的資料及據董 事所知，於期內及直至本報告日期， 本公司已維持已發行股份最少25% 的充足公眾持股量。

上市所得款項淨額用途

上市所得款項淨額（經扣除包銷費及 將由本集團承擔的上市開支）（「 所 得款項淨額 」）為約92,734,000港元。

於2020年10月6日，150,000,000股股 份以每股0.25港元的配售價成功配售 （「 配售 」），而配售所得款項淨額約 36.8百萬港元已全數用作一般資本， 以支持本集團的營運。

於2021年3月3日，董事會決議更改未 動用所得款項淨額的用途。

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INTERIM REPORT 2021/2022 中期報告

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析

An analysis of the utilisation of the Net Proceeds as at 30 September 2021 is set out below:

於2021年9月30日，所得款項淨額的 使用情況分析載列如下：

Use of Net Proceeds
所得款項淨額用途		 Allocation of
Net Proceeds according
to the Prospectus
根據招股章程所得
款項淨額的分配情況
%
HK$’000
百分比
千港元		 Allocation of
Net Proceeds according
to the Prospectus
根據招股章程所得
款項淨額的分配情況
%
HK$’000
百分比
千港元		 Revised
allocation of
unused Net
Proceeds

經修訂未動用
所得款項淨額
的分配情況
HK$’000
千港元		 Amount
utilised as at
30 September
2021
於2021年
9月30日
動用金額
HK$’000
千港元		 Unused Net
Proceeds
Estimated timeline
for utilisation
of the unused
Net Proceeds
未動用所得
款項淨額
未動用
所得款項淨額
估計動用時間
HK$’000
千港元
Opening restaurants (Note)
開設酒樓（附註）
Renovation of existing
restaurants
翻新現有酒樓
Promoting brands
推廣品牌
Additional working capital,
strategic investment and
other general corporate
purposes
額外營運資金、
策略投資及其他
一般企業用途		 76.1%
14.1%
5.0%
4.8%
100.0%		 70,557
13,063
4,633
4,481
92,734		 22,655
–
1,843
30,000
54,498		 –
–
(1,134)
(11,340)
(12,474)		 22,655
31 March 2023
2023年3月31日
–
709
31 March 2022
2022年3月31日
18,660
31 March 2022
2022年3月31日
42,024

Note: The total number of opening restaurants was changed from eight to four after the revised allocation of unused Net Proceeds on 3 March 2021.

  • 附註： 於2021年3月3日未動用所得款項淨 額經修訂分配後，開設酒樓的總數 目由八間變更為四間。

The unused proceeds are placed into authorised financial institutions and/or licenced banks in Hong Kong. As at the date of this report, there was no change of the business plan from those disclosed in the Prospectus.

未動用的所得款項已存入香港認可 金融機構及╱或持牌銀行。於本報告 日期，招股章程所披露之業務計劃並 無變動。

DIVIDENDS

The Board does not recommend payment of an interim dividend for the Period (six months period ended 30 September 2020: Nil).

股息

董事會並不建議於期內派付中期股 息（截至2020年9月30日止六個月期 間：無）。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

13

OTHER INFORMATION 其他資料

CORPORATE GOVERNANCE PRACTICES

The Group is committed to maintaining high standards of corporate governance to safeguard the interests of the Shareholders and to enhance corporate value and accountability. The Company has adopted the Corporate Governance Code (the “ CG Code ”) contained in Appendix 14 to the Listing Rules as its own code of corporate governance.

During the Period, the Company has complied with all the code provisions of the CG Code.

MODEL CODE FOR SECURITIES TRANSACTIONS

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

PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES

Neither the Company nor its subsidiaries has purchased, sold or redeemed any of the Company’s listed securities during the Period.

企業管治常規

本集團致力維持高水準企業管治以 保障股東權益，以及提升企業價值 及問責。本公司已採納上市規則附錄 十四所載企業管治守則（「 企業管治 守則 」），作為其自身企業管治守則。

於期內，本公司已遵守企業管治守則 的全部守則條文。

證券交易的標準守則

本公司已採納上市規則附錄十所載 上市發行人董事進行證券交易的標 準守則（「 標準守則 」），作為有關董 事進行證券交易的自身操守守則。經 向董事作出具體查詢後，全體董事已 確認彼等於期內已遵守標準守則所 載的規定標準。

購買、出售或贖回上市證券

於期內，本公司或其附屬公司並無購 買、出售或贖回本公司的任何上市證 券。

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INTERIM REPORT 2021/2022 中期報告

OTHER INFORMATION 其他資料

AUDIT COMMITTEE

The Board has established an Audit Committee which comprises three independent nonexecutive Directors, namely Mr. Ng Kwok Tung (Chairman), Mr. Lee Wai Man and Mr. Tsang Hung Kei. The primary duties of the Audit Committee are to assist the Board by providing an independent view of the effectiveness of the financial reporting process, internal control and risk management system of our Group, to oversee the audit process, to develop and review our policies and to perform other duties and responsibilities as assigned by our Board.

T h e A u d i t C o m m i t t e e , t o g e t h e r w i t h management, has reviewed the unaudited condensed consolidated interim financial statements of the Group for the Period.

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

As at 30 September 2021, the interests and short positions of the Directors and the chief executive of the Company in the shares, underlying shares and debentures of the Company or its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (the “SFO”)), which had been notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests and short positions in which they

審核委員會

董事會已成立審核委員會，由三名獨 立非執行董事組成，即伍國棟先生（主 席）、李偉文先生及曾鴻基先生。審 核委員會的主要職責為透過提供有 關本集團的財務申報程序、內部控制 及風險管理系統效用的獨立意見協 助董事會監控審計程序、制定及檢討 我們的政策以及履行董事會指派的 其他職責及責任。

審核委員會連同管理層已審閱本集 團期內的未經審核簡明綜合中期財 務報表。

董事及主要行政人員於本公司 或任何相聯法團的股份、相關股 份及債券中的權益及淡倉

於2021年9月30日，董事及本公司主 要行政人員於本公司或其相聯法團 （定義見《證券及期貨條例》（「證券 及期貨條例」）第XV部）的股份、相關 股份及債券中擁有根據證券及期貨 條例第XV部第7及8分部的規定須知 會本公司及聯交所的權益及淡倉（包 括根據證券及期貨條例有關條文彼 等被視為或當作擁有的權益及淡倉）， 或記錄於本公司根據證券及期貨條

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

15

OTHER INFORMATION 其他資料

were deemed or taken to have under such provisions of the SFO), or as recorded in the register required to be kept by the Company pursuant to section 352 of the SFO, or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code as set out in the Listing Rules, were as follows:

例第352條須存置的登記冊內的權益 及淡倉，或根據載於上市規則之標準 守則另行知會本公司及聯交所的權 益及淡倉如下：

The Company/ Approximate
name of associated Capacity/nature Number of percentage of
Name of Director corporation of interest shares (Note 1) shareholding
本公司╱相聯 股份數目 概約
董事姓名 法團名稱 身份╱權益性質 （附註1） 持股百分比
Mr. Chan Shou Ming The Company Interest of corporation 662,500,000 (L) 57.61%
(Note 2) controlled by the director
陳首銘先生（附註2） 本公司 於受董事控制的法團的權益
Ms. Chen Xiao Ping The Company Interest of corporation 22,500,000 (L) 1.96%
(Note 3) controlled by the director
陳曉平女士（附註3） 本公司 於受董事控制的法團的權益

Notes:

附註︰

  1. The letter “L” denotes the person’s long position in the shares and underlying shares of the Company or the relevant associated corporation.

  2. 字母「L 」表示該人士於本公司或相 關相聯法團的股份及相關股份中的 好倉。

  3. Agile Valley Limited is 100% owned by Mr. Chan Shou Ming and he is deemed to be interested in all the Shares held by Agile Valley Limited under the SFO.

  4. 敏莊有限公司由陳首銘先生全權擁 有，故根據證券及期貨條例，彼被 視為於敏莊有限公司持有的所有股 份中擁有權益。

  5. Bright Firewood Limited is 100% owned by Ms. Chen Xiao Ping and she is deemed to be interested in all the Shares held by Bright Firewood Limited under the SFO.

  6. 錦薪有限公司由陳曉平女士全權擁 有，故根據證券及期貨條例，彼被 視為於錦薪有限公司持有的所有股 份中擁有權益。

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INTERIM REPORT 2021/2022 中期報告

OTHER INFORMATION 其他資料

Saved as disclosed above, as at 30 September 2021, none of the Directors or chief executive had any interest or short position in the shares, underlying shares and debentures of the Company or any associated corporations (within the meaning of Part XV of the SFO) as recorded in the register that was required to be kept pursuant to section 352 of the SFO, or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code.

At no time was the Company, or any of its holding companies or subsidiaries a party to any arrangements to enable any Director and chief executive of the Company (including their spouses and children under 18 years of age) to hold any interest or short positions in the shares or underlying shares in, or debentures of, the Company or its associated corporations (within the meaning of Part XV of the SFO).

除上文所披露者外，於2021年9月30 日，概無董事或主要行政人員於本公 司或任何相聯法團（定義見證券及期 貨條例第XV部）的股份、相關股份及 債券中擁有記錄於根據證券及期貨 條例第352條須存置的登記冊內或根 據標準守則另行知會本公司及聯交 所的任何權益或淡倉。

於任何時候，本公司或其任何控股公 司或附屬公司概無參與任何安排，致 使任何董事及本公司主要行政人員 （包括彼等的配偶及未滿十八歲子女） 可獲得本公司或其相聯法團（定義見 證券及期貨條例第XV部）股份或相關 股份或債券的任何權益或淡倉。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

17

OTHER INFORMATION 其他資料

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

As at 30 September 2021, so far as is known to any Director or chief executive of the Company, the interests or short positions of the persons, other than Directors or chief executive of the Company, in the shares and underlying shares of the Company, as recorded in the register required to be kept by the Company pursuant to section 336 of the SFO, were as follows:

主要股東於本公司股份及相關 股份中的權益及淡倉

於2021年9月30日，據任何董事或本 公司主要行政人員所悉，各人士（董 事或本公司主要行政人員除外）於本 公司股份及相關股份中擁有記錄於 本公司根據證券及期貨條例第336條 須存置的登記冊內的權益或淡倉如 下：

Approximate Name of Capacity/nature Number and percentage of shareholder of interest shares (Note 1) shareholding 股東名稱 身份╱權益性質 股份數目（附註1） 概約持股百分比 Agile Valley Limited Beneficial owner 662,500,000 (L) 57.61% (Note 2) 敏莊有限公司 實益擁有人（附註2）

Notes:

附註：

  1. The letter “L” denotes the person’s long position in the shares and underlying shares of the Company or the relevant associated corporation.

  2. 字母「L 」表示該人士於本公司或相 關相聯法團股份及相關股份中的好 倉。

  3. These shares were held by Agile Valley Limited. The entire issued shares of Agile Valley Limited are owned by Mr. Chan Shou Ming.

  4. 該等股份由敏莊有限公司持有。敏 莊有限公司的全部已發行股份由陳 首銘先生擁有。

Saved as disclosed above, as at 30 September 2021, no person had registered an interest or short position in the shares or underlying shares of the Company that was recorded in the register required to be kept pursuant to section 336 of the SFO.

除上文披露者外，於 2021 年 9 月 30 日，概無人士就於本公司股份或相關 股份中擁有記錄於根據證券及期貨 條例第336條須存置的登記冊內的權 益或淡倉作出登記。

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INTERIM REPORT 2021/2022 中期報告

OTHER INFORMATION 其他資料

SHARE OPTION SCHEME

The Company’s share option scheme (the “ Scheme ”) was adopted pursuant to the resolution passed on 25 January 2019 to give the eligible persons (as mentioned in the following paragraph) an opportunity to have a personal stake in our Company and help motivate them to optimise their future performance and efficiency to our Group and/ or to reward them for their past contributions, to attract and retain or otherwise maintain on-going relationships with such eligible persons who are significant to and/or whose contributions are or will be beneficial to the performance, growth or success of our Group, and additionally in case of executives, to enable our Group to attract and retain individuals with experience and ability and/or to reward them for their past contributions.

Eligible participants of the Scheme include (a) any executive director of, manager of, or other employee holding an executive, managerial, supervisory or similar position in any member of our Group, any full-time or part-time employee, or a person for the time being seconded to work full-time or part-time for any member of our Group; (b) a director or proposed director (including an independent non-executive director) of any member of our Group; (c) a direct or indirect shareholder of any member of our Group; (d) a supplier of goods or services to any member of our Group; (e) a customer, consultant, business or joint venture partner, franchisee, contractor, agent or representative of any member of our Group; (f) a person or entity that provides design, research, development or other support or any advisory, consultancy, professional or other

購股權計劃

本公司的購股權計劃（「 該計劃 」）根 據2019年1月25日通過的決議案採 納，旨在向合資格人士（如下段所述） 提供於本公司擁有個人股權的機會， 並有助於激勵彼等盡量提升其日後 對本集團的績效及效率及╱或就彼 等過往的貢獻給予獎勵，以吸引及挽 留或以其他方式與該等對本集團表 現、增長或成功而言乃屬重要及╱或 其貢獻有利於或將有利於本集團表 現、增長或成功的合資格人士維持持 續合作關係，且讓本集團吸引及挽留 具經驗及能力的行政人員及╱或就 彼等過往的貢獻給予獎勵。

該計劃的合資格參與人士包括(a)本 集團任何成員公司的任何執行董事、 經理或擔任行政、管理、監管或類似 職位的其他僱員、任何全職或兼職僱 員或借調至本集團任何成員公司擔 任全職或兼職工作的人士；(b)本集 團任何成員公司的董事或候選董事 （包括獨立非執行董事）；(c)本集團 任何成員公司的直接或間接股東；(d) 本集團任何成員公司的貨品或服務 供應商；(e)本集團任何成員公司的客 戶、顧問、業務或合營夥伴、加盟商、 承包商、代理人或代表；(f)向本集團 任何成員公司提供設計、研究、開發

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

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OTHER INFORMATION 其他資料

services to any member of our Group; (g) an associate of any of the persons referred to in paragraphs (a) to (c) above; and (h) any person involved in the business affairs of the Company whom the Board determines to be appropriate to participate in the share option scheme.

The maximum number of shares in respect of which options may be granted under the Scheme and any other schemes by the Company shall not, in aggregate, exceed 10% of the issued share capital of the Company as at the Listing Date unless shareholders’ approval has been obtained.

The maximum number of shares issuable under the share options to each eligible persons in the Scheme within any 12-month period is limited to 1% of the shares of the Company in issue at any time. Any further grant of share options in excess of this limit is subject to shareholders’ approval in advance in a general meeting.

Share options granted to a director, chief executive or substantial shareholder of the Company, or to any of their associates, are subject to approval in advance by the independent non-executive Directors. In addition, any share options granted to a substantial shareholder or an independent nonexecutive director of the Company, or to any of their associate, in excess of 0.1% of the shares of the Company in issue at any time or with an aggregate value (based on the closing price of the securities at the date of grant) in excess of HK$5 million, within any 12-month period, are subject to shareholders’ approval in advance in a general meeting.

或其他支援或任何建議、諮詢、專業 或其他服務的人士或實體；(g)上文(a) 至(c)段所述任何人士的聯繫人：及(h) 董事會釐定為適合參與購股權計劃 且參與本公司業務的任何人士。

根據該計劃及本公司任何其他計劃 可能授出的購股權相關股份的最高 數目合共不得超過於上市日期本公 司已發行股本的10%，惟已取得股東 批准者除外。

根據於任何12個月期間可向該計劃 的各合資格人士授出購股權而可予 發行股份的最高數目限於任何時間 本公司已發行股份的1%。若進一步 授出超出此限額的購股權，則須事先 於股東大會上經股東批准。

授予本公司董事、主要行政人員或主 要股東或任何彼等的聯繫人的購股 權須經獨立非執行董事事先批准。此 外，於任何12個月期間授予本公司主 要股東或獨立非執行董事或任何彼 等的聯繫人的任何購股權，若超過任 何時間本公司已發行股份的0.1%或 總價值（按於授出日期證券的收市價 計算）超逾5百萬港元，須事先於股東 大會上經股東批准。

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INTERIM REPORT 2021/2022 中期報告

OTHER INFORMATION 其他資料

The offer of a grant of share options may be accepted upon payment of a nominal consideration of HK$1 in total by the grantee. The exercise period of the share options granted is determinable by the Directors, and may commence from the date of the offer of the share options and ends on a date which is not later than 28 days from the date of the offer of the share options or the expiry dates of the Scheme, if earlier. The exercise price of the options is determined by the Board in its absolute discretion and shall not be less than whichever is the highest of:

  • (a) the nominal value of a share;

  • (b) the closing price of a share as stated in the Stock Exchange’s daily quotations sheets on the offer date; and

  • (c) the average closing price of a share as stated in the Stock Exchange’s daily quotation sheets for the five business days immediate preceding the offer date.

The Scheme shall be valid and effective for a period of 10 years from 15 February 2019, after which no further options will be granted or offered.

No share option has been granted since the effective date of the Scheme and there are no outstanding share options as at 30 September 2021.

授出購股權的要約可於承授人合共 支付1港元名義代價後接納。所授購 股權的行使期由董事釐定，並可自購 股權要約日期起開始，於自購股權 要約日期起不遲於28日當日或該計 劃屆滿日期（以較早者為準）結束。 購股權的行使價由董事會全權酌情 釐定，並不得低於以下三者中的最高 者：

  • (a) 股份的面值；

  • (b) 於要約日期股份在聯交所每日 報價表所載的收市價；及

  • (c) 緊隨要約日期前五個交易日， 股份在聯交所每日報價表所載 的平均收市價。

該計劃須由2019年2月15日起計10年 期間內有效及生效，其後不會進一步 授出或給予購股權。

自該計劃生效日期起概無授出購股 權及於2021年9月30日概無尚未行使 購股權。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

21

OTHER INFORMATION 其他資料

As at the date of this interim report, the total number of shares available for issue under the Scheme was 100,000,000 shares, which represented 8.70% of the Company’s issued share capital, and the remaining life of the Share Option Scheme was about 7 years and 3 months.

Apart from the foregoing, at no time during the Period was the Company, or any of its holding companies or subsidiaries a party to any arrangement which enables the directors of the Company to acquire benefits by means of acquisition of shares in or debentures of the Company or any other body corporate.

PUBLICATION OF THE INTERIM REPORT

The electronic version of this report is published on the websites of the Stock Exchange (www.hkexnews.hk) and the Company (www. palace-rest.com.hk).

APPRECIATION

The Board would like to express its sincere thanks to the management team and all staff of the Group for their dedication and contribution. The Board also takes this opportunity to show gratitude to our shareholders, customers, business partners and professional parties for their support to the Group throughout the Period.

By order of the Board Palace Banquet Holdings Limited Chan Shou Ming Chairman

Hong Kong, 29 November 2021

於中期報告日期，根據該計劃可 予出售可供發行的股份總數為 100,000,000股股份，相當於本公司 已發行股本的8.70%，購股權計劃的 餘下年期約7年零3個月。

除前述外，於期內任何時間，本公司、 其任何控股公司或附屬公司並無參 與任何安排，其使得本公司董事可藉 收購本公司或任何其他法團的股份 或債券而獲益。

刊發中期報告

本報告的電子版本將於聯交所網站 (www.hkexnews.hk)及本公司網站 (www.palace-rest.com.hk)刊發。

致謝

董事會謹此向本集團的管理團隊及 全體員工的付出及貢獻表示誠摯謝 意。董事會亦藉此機會感謝股東、客 戶、業務夥伴及專業人士於期內對本 集團的支持。

承董事會命 首灃控股有限公司 主席 陳首銘

香港，2021年11月29日

22

INTERIM REPORT 2021/2022 中期報告

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME 簡明綜合損益及其他全面收益表 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

Notes
附註		 Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
156,011
105,090
3,449
29,273
5,150
3,133
(39,760)
(26,321)
(53,831)
(43,992)
(11,048)
(26,503)
(11,758)
(10,212)
(8,364)
(13,856)
(37,115)
(43,557)
(16,976)
(22,551)
(4,442)
(7,703)
(18,684)
(57,199)
–
(96)
(18,684)
(57,295)
(1.62)
(5.73)		 Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
156,011
105,090
3,449
29,273
5,150
3,133
(39,760)
(26,321)
(53,831)
(43,992)
(11,048)
(26,503)
(11,758)
(10,212)
(8,364)
(13,856)
(37,115)
(43,557)
(16,976)
(22,551)
(4,442)
(7,703)
(18,684)
(57,199)
–
(96)
(18,684)
(57,295)
(1.62)
(5.73)
Revenue
收益
3
Other income
其他收入
7(a)
Other gains (losses), net
其他收益
（虧損）淨額
6
Cost of inventories
consumed
所耗用存貨成本
Staff costs
員工成本
7(b)
Property rentals and
related expenses
物業租金及
相關開支
Utilities expenses
公共設施開支
Depreciation of property,
plant and equipment
物業、廠房及
設備折舊
Depreciation of right-of-use
assets
使用權資產折舊
Other expenses
其他開支
7(c)
Finance costs
財務成本
4
Loss before tax
除稅前虧損
Income tax expenses
所得稅開支
5
Loss and total comprehensive
expenses for the period
attributable to owners of
the Company
本公司擁有人
應佔期內虧損
及全面開支
總額
7
Loss per share
每股虧損
– Basic and diluted
(HK cents)
－基本及攤薄
（港仙）
9
156,011
3,449
5,150
(39,760)
(53,831)
(11,048)
(11,758)
(8,364)
(37,115)
(16,976)
(4,442)
(18,684)
–
(18,684)
(1.62)

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

23

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 簡明綜合財務狀況表

AS AT 30 SEPTEMBER 2021 於2021年9月30日

30 September
2021
2021年
9月30日
NOTES
HK$’000
附註
千港元
(Unaudited)
（未經審核）		 30 September
2021
2021年
9月30日
NOTES
HK$’000
附註
千港元
(Unaudited)
（未經審核）		 31 March
2021
2021年
3月31日
HK$’000
千港元
(Audited)
（經審核）
45,106
238,123
15,488
38,139
80
336,936
4,503
31,172
13,000
2,898
147,501
199,074
20,293
52,372
63,957
84,326
650
221,598
(22,524)
314,412
Non-current assets
非流動資產
Property, plant and
equipment
物業、廠房及
設備
10
Right-of-use assets
使用權資產
11(a)
Deposit placed for a life
insurance policy
投購人壽保單
保費
Rental deposits
租金按金
Deferred tax assets
遞延稅項資產
Current assets
流動資產
Inventories
存貨
Trade and other receivables
貿易及其他
應收款項
12
Deposit paid for acquisition
of subsidiaries
就收購附屬公司
已付按金
Tax recoverable
可收回稅項
Bank balances and cash
銀行結餘及現金
13
Current liabilities
流動負債
Trade and other payables
貿易及其他
應付款項
14
Contract liabilities
合約負債
Bank borrowings
銀行借款
15
Lease liabilities
租賃負債
11(b)
Provision for reinstatement
costs
修復成本撥備
Net current liabilities
流動負債淨值
Total assets less
current liabilities
資產總值減
流動負債		 38,775
207,101
15,488
34,100
80
295,544
3,285
23,093
13,000
2,191
150,634
192,203
23,295
43,215
67,781
89,103
653
224,047
(31,844)
263,700

24

INTERIM REPORT 2021/2022 中期報告

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 簡明綜合財務狀況表 AS AT 30 SEPTEMBER 2021 於2021年9月30日

30 September
2021
2021年
9月30日
NOTES
HK$’000
附註
千港元
(Unaudited)
（未經審核）		 30 September
2021
2021年
9月30日
NOTES
HK$’000
附註
千港元
(Unaudited)
（未經審核）		 254,705
1,261
670
6,996
263,632
50,780
11,500
39,280
50,780
31 March
2021
2021年
3月31日
HK$’000
千港元
(Audited)
（經審核）
Non-current liabilities
非流動負債
Lease liabilities
租賃負債
11(b)
Other payables
其他應付款項
Contract liabilities
合約負債
Provision for reinstatement
costs
修復成本撥備
Net assets
資產淨值
Capital and reserves
資本及儲備
Share capital
股本
16
Reserves
儲備
Equity attributable to
owners of the Company
本公司擁有人
應佔權益		 223,065
714
815
7,010
231,604
32,096
11,500
20,596
32,096

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

25

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 簡明綜合權益變動表

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

Share
capital
股本
HK$’000
千港元		 Share
premium
股份溢價
HK$’000
千港元		 Other
reserves
Retained
profit/
(Accumulated
losses)
其他儲備
保留溢利╱
（累計虧損）
HK$’000
HK$’000
千港元
千港元
(Note)
（附註）		 Other
reserves
Retained
profit/
(Accumulated
losses)
其他儲備
保留溢利╱
（累計虧損）
HK$’000
HK$’000
千港元
千港元
(Note)
（附註）		 Total
總計
HK$’000
千港元
138,299
(57,295)
81,004
At 1 April 2020 (audited)
於2020年4月1日
（經審核）
Loss and total comprehensive
expenses for the period
期內虧損及全面
開支總額
At 30 September 2020
(unaudited)
於2020年9月30日
（未經審核）
At 1 April 2021 (audited)
於2021年4月1日
（經審核）
Loss and total comprehensive
expenses for the period
期內虧損及全面
開支總額
At 30 September 2021
(unaudited)
於2021年9月30日
（未經審核）		 10,000
–
10,000		 100,717
–
100,717		 24,470
–
24,470		 3,112
(57,295)
(54,183)
11,500 135,967 24,470 (121,157) 50,780
– – – (18,684) (18,684)
11,500 135,967 24,470 (139,841) 32,096

  • Note: Other reserves represented (i) the difference between the aggregate amount of issued and fully paid share capital of the subsidiaries acquired by the Company and the nominal amount of the shares issued by the Company in exchange for the entire equity interests in the subsidiaries as part of the group reorganisation, (ii) the difference between the consideration for the acquisition of a subsidiary and the fair value of the subsidiary acquired from the common shareholder of the Company and (iii) deemed contribution arising from the listing expenses borne by the controlling shareholder of the Company and waiver of the need to reinstate the premises for a restaurant rented from the controlling shareholder upon end of the lease term.

  • 附註： 其他儲備指(i)本公司收購附屬公司 的已發行及已繳足股本總額與本公 司為換取附屬公司全部股權（作為 集團重組的一部分）而發行的股份 面值之間的差額；(ii)收購一間附屬 公司的代價與從本公司普通股股東 收購的附屬公司的公平值之間的差 額；及(iii)由上市開支產生並由本公 司控股股東承擔的視作出資，以及 控股股東就一間租賃酒樓於租約期 滿後需要修復處所作出的豁免。

26

INTERIM REPORT 2021/2022 中期報告

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 簡明綜合現金流量表 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
32,865
13,518
707
(2,955)
33,572
10,563
–
384
(2,033)
(4,464)
5,150
2,000
–
20,000
3,117
17,920		 Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
32,865
13,518
707
(2,955)
33,572
10,563
–
384
(2,033)
(4,464)
5,150
2,000
–
20,000
3,117
17,920
2021
2021年
HK$’000
千港元
(Unaudited)
（未經審核）
Net cash from operating
activities
經營活動所得
現金淨額
Cash generated from
operations
經營產生的現金
Income taxes refunded/(paid)
已退回╱
（已付）所得稅
Net cash from investing
activities
投資活動所得
現金淨額
Interest received
已收利息
Purchase of property,
plant and equipment
購置物業、廠房
及設備
Proceeds from disposal of
property, plant and
equipment
出售物業、廠房
及設備所得
款項
Withdrawal of time deposits
with maturity over
three months
提取三個月以上
到期的定期
存款
32,865
707
33,572
–
(2,033)
5,150
–
3,117

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

27

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 簡明綜合現金流量表 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
–
50
(772)
(549)
(6,175)
(8,573)
10,000
–
(32,956)
(28,151)
(3,653)
(7,127)
(33,556)
(44,350)
3,133
(15,867)
147,501
119,012
–
7
150,634
103,152		 Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
–
50
(772)
(549)
(6,175)
(8,573)
10,000
–
(32,956)
(28,151)
(3,653)
(7,127)
(33,556)
(44,350)
3,133
(15,867)
147,501
119,012
–
7
150,634
103,152
2021
2021年
HK$’000
千港元
(Unaudited)
（未經審核）
Net cash used in financing
activities
融資活動所用
現金淨額
Proceeds from disposal of
a subsidiary
出售一間附屬
公司所得款項
Interest paid
已付利息
Repayments of bank
borrowings
償還銀行借款
New borrowings raised
籌得新借款
Repayments of principal
elements of lease liabilities
償還租賃負債的
本金部分
Repayments of interest
elements of lease liabilities
償還租賃負債的
利息部分
Net decrease in cash and
cash equivalents
現金及現金等價物
減少淨額
Cash and cash equivalents at
the beginning of the period
期初現金及現金等
價物
Effect of foreign exchange
rate changes
匯率變動的影響
Cash and cash equivalents at
the end of the period,
represented by bank
balances and cash
期末現金及現金等
價物（即銀行
結餘及現金）
–
(772)
(6,175)
10,000
(32,956)
(3,653)
(33,556)
3,133
147,501
–
150,634

28

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

1. GENERAL INFORMATION AND BASIS OF PREPARATION

The Company was incorporated in the Cayman Islands and is listed on the Main Board of The Stock Exchange of Hong Kong Limited (the " Stock Exchange "). The Company is an investment holding company and its subsidiaries are principally engaged in Chinese restaurant operation in Hong Kong.

1. 一般資料及編製基準

本公司於開曼群島註冊成立及 於香港聯合交易所有限公司 （「 聯交所 」）主板上市。本公司 為一間投資控股公司，其附屬 公司主要從事在香港經營中式 酒樓。

The address of the registered office and principal place of business of the Company are disclosed in the Company’s information section to the interim report.

本公司註冊辦事處及主要營業 地點的地址於中期報告的公司 資料一節披露。

The condensed consolidated financial s t a t e m e n t s o f C o m p a n y a n d i t s subsidiaries (collectively referred to as the “ Group ”) for the six months ended 30 September 2021 have been prepared in accordance with the applicable disclosure provisions of Appendix 16 to the Rules Governing the Listing of Securities on the Stock Exchange and with Hong Kong Accounting Standard ( “ H K A S ” ) 3 4 “ I n t e r i m F i n a n c i a l Reporting” issued by the Hong Kong Institute of Certified Public Accountants (the “ HKICPA ”) and presented in Hong Kong Dollars (“ HK$ ”), which is the functional currency of the Group.

本公司及其附屬公司（統稱「 本 集團 」）之截至2021年9月30日 止六個月的簡明綜合財務報表 乃根據聯交所證券上市規則附 錄十六的適用披露規定及香港 會計師公會（「 香港會計師公 會 」）頒佈的香港會計準則（「 香 港會計準則 」）第34號「中期財 務報告」而編製，並以本集團 的功能貨幣港元（「 港元 」）呈 列。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

29

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

1. GENERAL INFORMATION AND BASIS OF PREPARATION (Continued)

Going concern

As at 30 September 2021, the Group has net current liabilities of approximately HK$31,844,000 and incurred a net loss of approximately HK$18,684,000. The condensed consolidated financial statements have been prepared on a going concern basis as the current liabilities consisted of contract liabilities from customers of approximately HK$43,215,000, which are to be recognised as revenue upon rendering of the relevant banquet services in the next financial period; and amount of approximately HK$67,781,000 representing bank borrowings being classified as current due to the existence of the repayment on demand clause (Note 15) in the loan agreements. The directors of the Company (the “ Directors ”) believe that bank will probably not to exercise its discretionary rights to demand immediate repayment, the bank borrowing will be repaid in accordance with schedule.

1. 一般資料及編製基準（續）

持續經營

於2021年9月30日，本集團的 流動負債淨額約為31,844,000 港元及產生虧損淨額約 18,684,000 港元。簡明綜合 財務報表已按持續經營基 準編製，因流動負債包含約 43,215,000港元的客戶合約負 債，將於下一個財政期間提供 相關宴會服務後確認為收益； 以及約67,781,000港元的銀行 借款，其因貸款協議的按要求 償還條款（附註15）而分類為 流動。本公司董事（「 董事 」）相 信，銀行可能不會行使其酌情 權利要求立即還款，銀行借款 將按計劃償還。

Moreover, on 6 October 2020, the Group has placed a total of 150,000,000 placing shares of HK$0.25 per share for the purpose of enhanced capital with net proceeds (after deducting the placing commission and other related expenses and professional fees) amount to approximately HK$36.5 million.

此外，於2020年10月6日，本集 團就加固資本目的以每股0.25 港元配售合共150,000,000股 配售股份，所得款項淨額（扣 除配售佣金及其他相關開支及 專業費用後）約為36.5百萬港 元。

30

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

1. GENERAL INFORMATION AND BASIS OF PREPARATION (Continued)

The Directors consider that the Group will have sufficient working capital to finance its operations in the foreseeable future and accordingly are satisfied that it is appropriate to prepare the condensed consolidated financial statements on a going concern basis.

1. 一般資料及編製基準（續）

董事認為本集團將具備充足營 運資金，為其於可預見未來的 經營提供資金，故彼等相信， 按持續經營基準編製簡明綜合 財務報表實屬恰當。

2. PRINCIPAL ACCOUNTING POLICIES

The condensed consolidated financial statements have been prepared on the historical cost basis.

2. 主要會計政策 簡明綜合財務報表乃按歷史成 本基準編製。

The accounting policies used in the condensed consolidated financial statements are consistent with those followed in the preparation of the Group’s annual consolidated financial statements for the year ended 31 March 2021 except as described below.

除下文所述者外，簡明綜合財 務報表所採用的會計政策與編 製本集團截至2021年3月31日 止年度的年度綜合財務報表所 採用者一致。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

31

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

2. PRINCIPAL ACCOUNTING POLICIES (Continued)

D u r i n g t h e s i x m o n t h s e n d e d 3 0 S e p t e m b e r 2 0 2 1 , t h e G ro u p has applied, for the first time, the Amendments to References to the C o n c e p t u a l F r a m e w o r k i n H o n g Kong Financial Reporting Standards ( “ H K F R S s ” ) a n d t h e f o l l o w i n g amendments to HKFRSs issued by the HKICPA which are effective for the Group’s financial year beginning 1 April 2021:

2. 主要會計政策（續）

截至 2021 年 9 月 30 日止六個 月，本集團首次應用香港會計 師公會頒佈的香港財務報告準 則（「 香港財務報告準則 」）中 對概念框架的引用的修訂及以 下對香港財務報告準則的修 訂，該等修訂於本集團2021年 4月1日開始的財政年度生效：

Amendments to COVID-19 –
HKFRS 16 Related Rent
Concessions
Amendment to COVID-19 –
HKFRS 16 Related Rent
Concessions
beyond 30
June 2021
Amendments to Interest Rate
HKFRS 9, HKAS Benchmark
39, HKFRS 7, Reform –
HKFRS 4 and Phase 2
HKFRS 16

香港財務報告準則 COVID-19－相關 第16號的修訂 租金優惠 香港財務報告準則 2021年6月30日後 第16號的修訂 COVID-19－ 相關租金優惠

香港財務報告準則 利率基準改革－ 第9號、香港會計 第二階段 準則第39號、香港 財務報告準則 第7號、香港財務 報告準則第4號及 香港財務報告準則 第16號的修訂

The application of the amendments to HKFRSs in the current interim period has had no material effect on the Group’s financial performance and positions for the current and prior periods and/ or on the disclosures set out in these condensed consolidated financial statements.

於本中期期間應用香港財務報 告準則的修訂對本集團於本期 間及過往期間的財務表現及狀 況及╱或該等簡明綜合財務報 表所載的披露並無重大影響。

32

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

3. REVENUE AND SEGMENT INFORMATION

3. 收益及分部資料

Six months ended 30 September 截至9月30日止六個月

Revenue Chinese restaurant operations

收益 中式酒樓營運

2021 2020 2021年 2020年 HK$’000 HK$’000 千港元 千港元 (Unaudited) (Unaudited) （未經審核） （未經審核） 150,611 105,090

  • Note: R e v e n u e d e r i v e d f ro m C h i n e s e restaurant operations is from contract with customers and recognised at a point in time.

附註：從中式酒樓營運而產生的收 益是從與客戶的合約而來及 於某一個時點確認。

The transaction price allocated to the performance obligation that is unsatisfied, has not been disclosed, as substantially all of the Group’s contracts have a duration of one year or less.

分配至履約責任的交易價並不 理想，且尚未披露，乃由於本 集團絕大部分的合約期為一年 或以下。

The Group’s revenue represents amounts received and receivable from the provision of catering services and sales of goods, net of discount.

本集團的收益指提供餐飲服務 及銷售貨品已收及應收的金額 （扣除折扣）。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

33

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

3. REVENUE AND SEGMENT INFORMATION (Continued)

Information reported to the executive directors of the Group, being the chief operating decision maker, for the purpose of resources allocation and assessment of performance focuses on the operating results of the Group as a whole as the Group’s resources are integrated and no discrete operating segment financial information is available. Accordingly, no operating segment information is presented.

3. 收益及分部資料（續）

就資源分配及表現評估向本集 團執行董事（即主要經營決策 者）報告的資料側重於本集團 的整體經營業績，乃由於本集 團的資源綜合及並無個別經營 分部財務資料。因此，並無呈 列經營分部資料。

All of the Group’s operations are located in Hong Kong. The Group’s revenue from external customers and all of its noncurrent assets are located in Hong Kong based on geographical location of assets.

本集團的所有營運均位於香 港。本集團來自外來客戶的收 益及其所有非流動資產基於資 產的地理位置而言乃位於香 港。

No revenue from individual external customer contributed over 10% of total revenue of the Group for the six months ended 30 September 2021 and 2020.

於截至2021年及2020年9月30 日止六個月，概無來自個別外 來客戶的收益佔本集團總收益 10%以上。

34

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

4. FINANCE COSTS

4. 財務成本

4.
FINANCE COSTS		 財務成本
Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
3,653
7,127
772
549
17
27
4,442
7,703
Interest on lease liabilities
租賃負債利息
Interest on bank borrowings
銀行借款利息
Unwinding of discounting
on provision for
reinstatement costs
修復成本撥備
貼現撥回		 3,653
772
17
4,442

5. INCOME TAX EXPENSES

5. 所得稅開支

5.
INCOME TAX EXPENSES		 所得稅開支
Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
–
168
–
(72)
–
96
Current income tax
– Hong Kong:
即期所得稅
－香港：
Current period provision
本期間撥備
Deferred tax
遞延稅項		 –
–
–

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

35

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

5. INCOME TAX EXPENSES (Continued)

Hong Kong Profits Tax is calculated at 16.5% of the estimated assessable profits for both years. For the year of assessments 2020/21 and 2021/22, a two-tiered profits tax rates was introduced of which one subsidiary of the Group can elect 8.25% tax rate for its first assessable profits of HK$2,000,000.

5. 所得稅開支（續）

香港利得稅按兩個年度的估計 應課稅溢利的16.5%計算。於 2020/21及2021/22課稅年度， 本集團引入兩級利得稅稅率， 其中本集團的一間附屬公司可 就其首2,000,000港元應課稅 溢利按8.25%稅率繳稅。

Pursuant to the rules and regulations of the Cayman Islands and the British Virgin Islands (the “ BVI ”), the Group is not subject to any income tax in the Cayman Islands and the BVI.

根據開曼群島及英屬維爾京群 島（「 英屬維爾京群島 」）的規 則及規例，本集團毋須在開曼 群島及英屬維爾京群島繳納任 何所得稅。

36

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

6. 6.
OTHER GAINS (LOSSES), NET		 其他收益（虧損）淨額
Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
–
(15,058)
–
(3,979)
–
(227)
–
(7)
5,150
119
–
22,285
5,150
3,133
Impairment loss on
right-of-use assets
使用權資產
減值虧損
Impairment loss on
property, plant and
equipment
物業、廠房及
設備減值虧損
Loss on disposal of
a subsidiary
出售一間附屬
公司虧損
Foreign exchange loss
匯兌虧損
Gain on disposal of
property, plant and
equipment
出售物業、廠房
及設備收益
Gain on modification
on leases
租賃修訂收益		 –
–
–
–
5,150
–
5,150

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

37

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

7. LOSS FOR THE PERIOD

Loss for the period has been arrived at after charging (crediting):

7. 期內虧損

期內虧損已扣除（計入）下列 各項：

(a) Other income

(a) 其他收入

Six months ended 30 September 截至9月30日止六個月

2021
2021年
HK$’000
千港元
(Unaudited)
（未經審核）		 2020
2020年
HK$’000
千港元
(Unaudited)
（未經審核）
(22,919)
(1,893)
(1,440)
(946)
(859)
(566)
(376)
(274)
(29,273)
Government subsidy
(Note)
政府補貼
（附註）
Forfeiture of deposits
received
沒收已收按金
Sponsorship income
received from
utility companies
自公共設施
公司收取
的贊助收入
Sundry income
雜項收入
Waiver of the need
of reinstatement
obligation
豁免所需修復
責任
Imputed interest
income on
non-current rental
deposits
非即期租金
按金的名義
利息收入
Bank interest income
銀行利息收入
Interest income from
deposit placed for
a life insurance policy
投購人壽保單
保費的利息
收入		 –
(1,844)
(726)
(635)
–
(244)
–
–
(3,449)

38

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

7. LOSS FOR THE PERIOD (Continued)

(a) Other income (Continued)

Note: The amount primarily represents cash subsidy granted by The Government of the Hong Kong Special Administrative Region under the Anti-Epidemic Fund for relieving financial burdens of the businesses. Total amount received for the six months ended 30 September 2021 was HK$ Nil (2020: HK$22,919,000).

7. 期內虧損（續）

(a) 其他收入（續）

附註： 該款項主要指香港特 別行政區政府為緩解 企業的財務負擔而根 據防疫抗疫基金發 放的現金補貼。截至 2021年9月30日止六 個月已收款項總額 為零港元（2020年： 22,919,000港元）。

(b) Staff costs

(b) 員工成本

Six months ended 30 September 截至9月30日止六個月

2021 2020 2021年 2020年 HK$’000 HK$’000 千港元 千港元 (Unaudited) (Unaudited) （未經審核） （未經審核） Directors’ remuneration 董事薪酬 – Other emoluments －其他酬金 3,781 3,746 – Contributions to －退休福利 retirement benefits 計劃供款 scheme 27 31 3,808 3,777

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

39

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

7. LOSS FOR THE PERIOD (Continued)

  • (b) Staff costs (Continued)

7. 期內虧損（續）

(b) 員工成本（續）

7.
FOR THE PERIOD
tinued)
Staff costs (Continued)		 期內虧損（續）
(b)
員工成本（續）
Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
47,773
38,839
199
(47)
428
19
1,623
1,404
50,023
40,215
53,831
43,992
Salaries, allowances
and other benefits
(excluding Directors’
remuneration)
薪金、津貼及
其他福利
（不包括
董事薪酬）
Provision (reversal) of
long service payment
長期服務金
撥備（撥回）
Provision of unutilised
annual leave
未動用年假
撥備
Contributions to
retirement
benefits scheme
(excluding Directors’
remuneration)
退休福利
計劃供款
（不包括
董事薪酬）		 47,773
199
428
1,623
50,023
53,831

40

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

7. LOSS FOR THE PERIOD (Continued)

  • (c) Other expenses

7. 期內虧損（續）

  • (c) 其他開支
7.
FOR THE PERIOD
tinued)
Other expenses		 期內虧損（續）
(c)
其他開支
Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
4,846
3,861
1,761
3,449
1,758
2,795
1,232
2,053
1,278
1,925
–
1,587
1,719
1,320
1,530
1,007
1,618
890
421
780
–
126
813
2,758
16,976
22,551
Cleaning fee
清潔費
Handling charge
手續費
Legal and professional
fees
法律及專業
費用
Insurances
保險
Repairs and
maintenance
維修及保養
Security deposit
forfeited for early
termination of leases
因提前終止
租賃而被
沒收的
保證金
Advertising and
promotion
廣告及推廣
Consumables
消耗品
Bank charges
銀行收費
Auditor’s remuneration
核數師酬金
Premium and handling
charges on a life
insurance policy
人壽保單的
保費及
手續費
Others
其他		 4,846
1,761
1,758
1,232
1,278
–
1,719
1,530
1,618
421
–
813
16,976

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

41

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

8. DIVIDEND

The Board does not recommend the payment of interim dividend for the six months ended 30 September 2021 (30 September 2020: Nil).

8. 股息

董事會並不建議就截至2021年 9月30日止六個月派付中期股 息（2020年9月30日：無）。

9. LOSS PER SHARE

The calculation of the basic loss per share attributable to the owners of the Company is based on the following data:

9. 每股虧損

  • 本公司擁有人應佔每股基本虧 損乃根據以下數據計算：
Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
(18,684)
(57,295)
‘000
‘000
千股
千股
1,150,000
1,000,000
1.62
5.73
Loss for the period
attributable to owners of
the Company
本公司擁有人
應佔期內虧損		 (18,684)
‘000
千股
Weighted average number
of ordinary shares for
the purpose of basic loss
per share
普通股的加權
平均數，用於
計算每股基本
虧損
Basic loss per share
(HK cents)
每股基本虧損
（港仙）		 1,150,000
1.62

42

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

9. LOSS PER SHARE (Continued)

Diluted loss per share is the same as basic loss per share as there were no dilutive potential ordinary shares outstanding during the both periods.

9. 每股虧損（續）

  • 由於兩個期間並無任何發行在 外的攤薄潛在普通股，故每股 攤薄虧損與每股基本虧損相 同。

10. PROPERTY, PLANT AND EQUIPMENT

D u r i n g t h e s i x m o n t h s e n d e d 3 0 S e p t e m b e r 2 0 2 1 , t h e G ro u p acquired property, plant and equipment a m o u n t i n g t o a p p r o x i m a t e l y HK$2,033,000 (six months ended 30 September 2020: HK$5,102,000).

10. 物業、廠房及設備

於截至 2021 年 9 月 30 日止六 個月，本集團收購物業、廠房 及設備約2,033,000港元（截 至2020年9月30日止六個月： 5,102,000港元）。

Certain restaurants were making loss during the six months ended 3 0 S e p t e m b e r 2 0 2 1 d u e t o t h e COVID-19 Pandemic and the operation may continue to be affected by the uncertainties that brought by the COVID-19 Pandemic. The management reviewed the recoverable amounts of each restaurant cash generating units determined based on the higher of value-in-use calculation which uses cash flow projections based on financial budgets covering a period of the lease term approved by the Directors with a pre-tax discount rate of 12.28% (six months ended 30 September 2020: 15.2%). As a result of the review, no impairment loss was recognised on the property, plant and equipment for the six months ended 30 September 2021 (six months ended 30 September 2020: HK$3,979,000).

截至 2021 年 9 月 30 日止六個 月，由於 COVID-19疫情，若干 酒樓錄得虧損，及業務可能會 繼續受COVID-19疫情帶來的不 確定因素影響。管理層審閱各 間酒樓現金產生單位的可收回 金額，而可收回金額乃按使用 價值計算方法釐定，該方法採 用現金流量預測，按涵蓋董事 批准的租賃期並以除稅前貼現 率12.28%（截至2020年9月30 日止六個月：15.2% ）的財政 預算為基準。根據審閱結果， 截至 2021 年 9 月 30 日止六個 月，概無就物業、廠房及設備 確認減值虧損（截至2020年9 月30日止六個月：3,979,000港 元）。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

43

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

11. 租賃

11. LEASES

11.租賃
ES		 11.租賃
ES
(a)
使用權資產
Right-of-use assets
30 September
2021
31 March
2021
2021年9月30日
2021年3月31日
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Audited)
（未經審核）
（經審核）
Leased restaurants
租賃酒樓
205,626
236,009
Warehouses
倉庫
1,297
1,731
Motor vehicle
汽車
178
275
Advertising lightboxes
廣告燈箱
–
108
207,101
238,123
Leased restaurants
租賃酒樓
Warehouses
倉庫
Motor vehicle
汽車
Advertising lightboxes
廣告燈箱		 205,626
1,297
178
–
207,101

(a) Right-of-use assets

As at 30 September 2021, the Group has lease arrangements for leased restaurants, warehouses, motor vehicle. The lease terms are generally ranged from two to nine years.

於2021年9月30日、本集 團訂有租賃酒樓、倉庫、 汽車的租賃安排。租賃 期一般介乎兩至九年。

Extension options are included in certain leases of restaurants. C e r t a i n p e r i o d s c o v e re d b y extension options were included in the lease terms as the Group was reasonably certain to exercise the option.

若干酒樓租賃中包含延 長選擇權。由於本集團 合理確定行使該選擇權， 故延長選擇權涵蓋的若 干期間已納入該等租賃 期。

During the six months ended 30 September 2021, additions to the right-of-use assets including capitalised lease payments, initial direct costs and provision for reinstatement costs amounted to approximately HK$17,000 due to new/renewal of leases of restaurants.

截至 2021 年 9 月 30 日止 六個月，由於新訂╱重續 酒樓租約，故添置使用 權資產（包括資本化租 賃付款、初始直接成本 及修復成本撥備）約為 17,000港元。

44

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

截至2021年9月30日止六個月

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021

11. LEASES (Continued)

  • (a) Right-of-use assets (Continued) Certain restaurants were making loss during the period due to the COVID-19 Pandemic and the operation may continue to be affected by the uncertainties that brought by the COVID-19 Pandemic. The management reviewed the recoverable amounts of each restaurant cash generating units determined based on the higher of value-in-use calculation which uses cash flow projections b ased on financial budgets covering a period of the remaining lease term approved by the Directors with a pre-tax discount rate of 12.28% (six months ended 30 September 2020: 15.2%). As a result of the review, no impairment loss was recognised on the right-of-use assets for the six months ended 30 September 2021 (six months ended 30 September 2020: HK$15,058,000).

11. 租賃（續）

  • (a) 使用權資產（續）

由於 COVID-19 疫情爆 發，期內若干酒樓錄得 虧損，及業務可能會繼 續受COVID-19疫情帶來 的不確定因素影響。管 理層審閱各間酒樓現金 產生單位的可收回金額， 而可收回金額乃按使用 價值計算方法釐定，該 方法採用現金流量預測， 按涵蓋董事批准的餘下 租賃期並以除稅前貼現 率 12.28%（截至 2020 年 9 月 30 日止六個月： 15.2% ）的財政預算為 基準。根據審閱結果，截 至 2021 年 9 月 30 日止六 個月，概無就使用權資 產確認減值虧損（截至 2020年9月30日止六個 月：15,058,000港元）。

(b) Lease liabilities (b) 租賃負債 30 September 31 March 2021 2021 2021年9月30日 2021年3月31日 HK$’000 HK$’000 千港元 千港元 (Unaudited) (Audited) （未經審核） （經審核） Current 流動 89,103 84,326 Non-current 非流動 223,065 254,705 312,168 339,031

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

45

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

11. LEASES (Continued)

11. 租賃（續）

(b) (b)
租賃負債（續）
租賃負債項下的應付款
項
Lease liabilities (Continued)
Amounts payable under lease
liabilities
30 September
2021
31 March
2021
2021年9月30日
2021年3月31日
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Audited)
（未經審核）
（經審核）
Within one year
一年內
89,103
84,326
After one year but
within two years
一年以上，但
不超過兩年
110,482
89,004
After two years but
within five years
兩年以上，但
不超過五年
95,340
146,416
After five years
超過五年
17,243
19,285
312,168
339,031
Less: Amount due for
settlement within
12 months (shown
under current
liabilities)
減：12個月內
結算的
應付款項
（在流動
負債呈列）
(89,103)
(84,326)
Amount due for
settlement after
12 months
12個月後
結算的
應付款項
223,065
254,705		 (b)
租賃負債（續）
租賃負債項下的應付款
項
Lease liabilities (Continued)
Amounts payable under lease
liabilities
30 September
2021
31 March
2021
2021年9月30日
2021年3月31日
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Audited)
（未經審核）
（經審核）
Within one year
一年內
89,103
84,326
After one year but
within two years
一年以上，但
不超過兩年
110,482
89,004
After two years but
within five years
兩年以上，但
不超過五年
95,340
146,416
After five years
超過五年
17,243
19,285
312,168
339,031
Less: Amount due for
settlement within
12 months (shown
under current
liabilities)
減：12個月內
結算的
應付款項
（在流動
負債呈列）
(89,103)
(84,326)
Amount due for
settlement after
12 months
12個月後
結算的
應付款項
223,065
254,705
Within one year
一年內
After one year but
within two years
一年以上，但
不超過兩年
After two years but
within five years
兩年以上，但
不超過五年
After five years
超過五年
Less: Amount due for
settlement within
12 months (shown
under current
liabilities)
減：12個月內
結算的
應付款項
（在流動
負債呈列）
Amount due for
settlement after
12 months
12個月後
結算的
應付款項		 89,103
110,482
95,340
17,243
312,168
(89,103)
223,065

46

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

11. 租賃（續）

11. LEASES (Continued)

11.
ES (Continued)		 租賃（續）
Amounts recognised in profit
or loss		 (c)
於損益確認的款項
Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
36,584
42,774
434
381
–
172
97
230
37,115
43,557
3,653
7,127
–
4,727
–
1,065
Depreciation expense
on right-of-use assets
使用權資產的
折舊開支
– Leased restaurants
－租賃酒樓
– Warehouses
－倉庫
– Advertising lightboxes －廣告燈箱
– Office premises
－辦公室物業
Interest on lease
liabilities
租賃負債利息
Expense relating to
short-term leases
短期租賃開支
Expense relating
to contingent rent
not included in
the measurement
of the lease liabilities
(included in property
rentals and related
expenses)
不計入租賃
負債計量
的或然
租金開支
（計入物業
租金及相關
開支）		 36,584
434
–
97
37,115
3,653
–
–

(c) Amounts recognised in profit or loss

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

47

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

11. LEASES (Continued)

(d) Others

During the six months ended 30 September 2021, the total cash outflow for leases amount to approximately HK$36,589,000 (2020: HK$41,070,000).

11. 租賃（續）

(d) 其他

截至2021年9月30日止六 個月，租賃的現金流出 總額約為36,589,000港 元（2020年：41,070,000 港元）。

During the six months ended 30 September 2021, no rent concession arrangements were entered into between the Group and the landlords that no rightof-use assets and lease liabilities w e r e d e r e c o g n i s e d ( 2 0 2 0 : HK$63,469,000).

截至 2021 年 9 月 30 日止 六個月，本集團與業主 並無訂立租金優惠安排， 且並無終止確認使用權 資產及租賃負債（2020 年：63,469,000港元）。

During the six months ended 30 September 2021, no lease of restaurants and warehouse was early terminated and no right-of-use assets and lease liabilities were derecognized ( 2 0 2 0 : H K $ 3 5 , 9 4 7 , 0 0 0 a n d HK$58,232,000, respectively). No gain on termination of leases was recognised in the profit or loss for the six months ended 3 0 S e p t e m b e r 2 0 2 1 ( 2 0 2 0 : HK$22,285,000).

截至 2021 年 9 月 30 日止 六個月，並無提前終止 酒樓及倉庫租賃以及終 止確認使用權資產及 租賃負債（ 2020 年：分 別為35,947,000港元及 58,232,000港元）。截至 2021年9月30日止六個 月，並無於損益確認終 止租賃收益（ 2020 年： 22,285,000港元）。

The leases of restaurants contain variable lease payment terms that are based on sales generated from the relevant restaurants and minimum annual lease payment terms that are fixed. These payment terms are common in restaurants in Hong Kong where the Group operates.

酒樓租約載有根據有關 酒樓所產生的銷售額釐 定的浮動租賃付款條款 及固定的最低年度租賃 付款條款。該等付款條 款在香港（本集團經營 業務所在地）的酒樓中頗 為普遍。

48

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

12. TRADE AND OTHER RECEIVABLES

12. 貿易及其他應收款項

12.貿易及其他
TRADE AND OTHER RECEIVABLES		 12.貿易及其他
TRADE AND OTHER RECEIVABLES		 應收款項
30 September
2021
2021年9月30日
HK$’000
千港元
(Unaudited)
（未經審核）		 31 March
2021
2021年3月31日
HK$’000
千港元
(Audited)
（經審核）
271
HK$’000
千港元
(Unaudited)
（未經審核）
Trade receivables
貿易應收款項
523

The Group’s sales are mainly conducted in cash or by credit cards of which the settlement period is normally within 3 days from transaction date. The credit period granted by the Group to its corporate customers ranges 0 to 30 days.

本集團的銷售主要以現金或信 用卡進行，結算期通常為交易 日期起計3日內。本集團向其公 司客戶授出的信貸期介乎0至 30日。

These balances are mainly due from financial institutions in relation to the payment settled by credit cards and corporate customers and there is no recent history of default.

該等餘額主要是應收金融機構 以信用卡結算及企業客戶的付 款，近期沒有拖欠記錄。

No loss allowance of trade receivables was made as at 30 September 2021 and 31 March 2021.

於2021年9月30日及2021年3 月31日並無計提貿易應收款項 虧損撥備。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

49

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

13. BANK BALANCES AND CASH

Bank balances carry floating interest rate based on daily bank deposit rates as at 30 September 2021 and 31 March 2021.

13. 銀行結餘及現金

  • 於2021年9月30日及2021年3 月31日，銀行結餘按基於銀行 存款日利率的浮動利率計息。

14. TRADE AND OTHER PAYABLES

14. 貿易及其他應付款項

14.貿易及其他應付款項
TRADE AND OTHER PAYABLES		 14.貿易及其他應付款項
TRADE AND OTHER PAYABLES
30 September
2021
31 March
2021
2021年9月30日
2021年3月31日
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Audited)
（未經審核）
（經審核）
Trade payables
貿易應付款項
7,768
4,280
Trade payables
貿易應付款項		 7,768

Payment terms granted by suppliers are generally within 50 days from the relevant purchases are made. The Group has financial risk management policies in place to ensure that all payables are settled within the credit time-frame.

供應商授出的付款期一般為於 作出相關採購起50日內。本集 團設有財務風險管理政策，以 確保所有應付款項於信貸時限 內償付。

50

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

BANK BORROWINGS 15. 銀行借款
Carrying amount repayable (based on 應償還賬面值（按貸款協議所
schedule repayment dates set out in the 載計劃還款日期計算）：
loan agreements):
30 September 31 March
2021 2021
2021年9月30日 2021年3月31日
HK$’000 HK$’000
千港元 千港元
(Unaudited) (Audited)
（未經審核） （經審核）
Within one year 一年內 22,283 21,660
After one year but within 一年以上，但
two years 不超過兩年 13,397 12,297
After two years but within 兩年以上，但
five years 不超過五年 32,101 30,000
67,781 63,957
Carrying amount repayable (shown 應償還賬面值（於流動負債下
under current liabilities) contain a 列示）包含按要求償還條款：
repayment on demand clause:

15. BANK BORROWINGS

30 September
2021
31 March
2021
2021年9月30日
2021年3月31日
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Audited)
（未經審核）
（經審核）
Shown under current
liabilities
於流動負債
下列示
67,781
63,957		 30 September
2021
31 March
2021
2021年9月30日
2021年3月31日
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Audited)
（未經審核）
（經審核）
Shown under current
liabilities
於流動負債
下列示
67,781
63,957
Shown under current
liabilities
於流動負債
下列示		 67,781

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

51

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

15. BANK BORROWINGS (Continued)

As at 30 September 2021, the bank borrowings carried floating interest rate of 1 month HIBOR plus 1% per annum (31 March 2021: 1 month HIBOR plus 1% per annum), BLR minus 2% per annum (31 March 2021: BLR minus 2% per annum) and fixed interest rate of 2.75% (31 March 2021: 2.75%). The effective interest rate on the bank borrowings was 2.75% (30 September 2020: 2.62%) per annum during the period ended 30 September 2021.

15. 銀行借款（續）

於2021年9月30日，銀行借款 按1個月香港銀行同業拆息加 年息1%（2021年3月31日：1 個月香港銀行同業拆息加年息 1% ）及 最優惠利率減年息2% （2021年3月31 日：最優惠利率 減年息2% ）的浮動年利率及固 定利率2.75%（2021年3月31 日：2.75% ）計息。於截至2021 年9月30日止期間，銀行借款的 實際年利率為2.75%（2020年9 月30日：2.62%)。

As at 30 September 2021 and 31 March 2021, the bank borrowings and credit facilities available to the business cards are secured by the Group’s deposit placed for a life insurance policy amounting to approximately HK$15,488,000 (31 March 2021: HK$15,488,000).

於2021年9月30日及2021年3 月31日，銀行借款及商業卡可 取得信貸融資由本集團就人壽 保單投購的保費約15,488,000 港元（ 2 0 2 1 年 3 月 3 1 日： 15,488,000港元）抵押。

As at 30 September 2021, the bank has provided financial guarantee of HK$2,085,000 (31 March 2021: HK$2,085,000) and performance bond of HK$1,200,000 (31 March 2021: HK$1,200,000) to the landlords of the Group as deposits to secure the tenants’ due performance and observances of the terms and conditions contained in the tenancy agreements.

於2021年9月30日，銀行已為 本集團的業主提供2,085,000 港元（ 2 0 2 1 年 3 月 3 1 日： 2,085,000港元）的財務擔保及 1,200,000港元（2021年3月31 日：1,200,000港元）的履約保 證金，以作為保證租戶妥善履 行及遵守租賃協議所載的條款 及條件的按金。

52

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

16. 股本
16. 16.股本
SHARE CAPITAL
Number
of shares
股份數目		 Share
capital
股本
HK$ 港元
Ordinary shares of
HK$0.01 each
每股0.01港元的
普通股
Authorised:
法定：
As at 1 April 2020,
31 March 2021,
1 April 2021 and
30 September 2021
於2020年4月1日、
2021年3月31日、
2021年4月1日及
2021年9月30日
Issued and fully paid:
已發行及悉數繳足：
As at 1 April 2020
於2020年4月1日
Placing of new shares
配售新股份
As at 31 March 2021,
1 April 2021 and
30 September 2021
於2021年3月31日、
2021年4月1日
及2021年9月30日		 5,000,000,000
1,000,000,000
150,000,000
1,150,000,000		 50,000,000
10,000,000
1,500,000
11,500,000

All new shares rank pari passu with the existing shares in all respects.

所有新股份與現有股份在所有 方面均享有同等地位。

17. CAPITAL COMMITMENT

At 30 September 2021, the Group had capital commitment of approximately HK$Nil (31 March 2021: HK$1,500,000) in relation to the acquisition of plant and equipment and related assets for operation of restaurants.

17. 資本承擔

於2021年9月30日，本集團有 資本承擔約零港元（2021年3 月31日：1,500,000港元），涉 及收購廠房及設備以及酒樓營 運的相關資產。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

53

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

18. RELATED PARTY TRANSACTIONS

Save as disclosed elsewhere in the condensed consolidated financial statements, the Group entered into transaction with related parties as follows:

18. 關聯方交易

除簡明綜合財務報表另有披露 者外，本集團與關聯方訂立以 下交易：

(a) Transactions with related parties

(a) 與關聯方的交易

(a)
與
Transactions with related
parties		 關聯方的交易 關聯方的交易
Related party
Nature of transaction
Notes
關聯方
交易性質
附註		 Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
Able Cheer Development
Limited (“Able Cheer”)
Operating lease rental
(i)
雅悅發展有限公司
（「雅悅」）
經營租賃租金
Art Ocean Limited
(“Art Ocean”)
Operating lease rental
(i)
雅浩有限公司（「雅浩」）
經營租賃租金
Mr. Chan Shou Ming
Catering service income
(ii)
陳首銘先生
餐飲服務收入
Ms. Chen Xiao Ping
Catering service income
(ii)
陳曉平女士
餐飲服務收入
Ms. Qian Chunlin
Catering service income
(ii)
錢春林女士
餐飲服務收入
Mr. Chan’s son
Salaries
(iii)
陳先生的兒子
薪金
Mr. Chan’s wife
Salaries
(iii)
陳先生的妻子
薪金		 3,911
240
31
13
19
210
300		 4,380
324
29
2
18
175
315

54

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

18. RELATED PARTY TRANSACTIONS (Continued)

  • (a) Transactions with related parties (Continued)

Notes:

18. 關聯方交易（續）

  • (a) 與關聯方的交易（續）

附註：

  • (i) Operating lease rental was charged at terms mutually agreed by the parties.

  • (i) 經營租賃租金按訂約 雙方協定的條款收 取。

  • (ii) Catering services income was made at term mutually agreed by the parties.

  • (ii) 餐飲服務收入按訂約 雙方協定的條款獲 得。

  • (iii) Salaries were charged according to the terms entered into between the parties.

  • (iii) 薪金乃根據訂約方之 間訂立的條款收取。

The above related companies are companies of which a director of the Company is their beneficial shareholder and director.

上述關聯公司為本公司 一名董事為其實益股東 及董事的公司。

Certain directors and their close family member of the Company are the registered owner of restaurant licenses and liquor licenses which are provided to the Group at nil consideration during both periods.

本公司若干董事及其緊 密家庭成員為食肆牌照 及酒牌之登記持有人， 有關牌照於兩個期間無 償提供予本集團。

A d i re c t o r o f t h e C o m p a n y provided an office for the Group to use at nil consideration during both periods.

本公司一名董事於兩個 期間無償提供一間辦公 室予本集團使用。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

55

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

18. RELATED PARTY TRANSACTIONS (Continued)

(a) Transactions with related parties (Continued)

The Group entered into several tenancy agreements with related companies which a director of the Company is their beneficial shareholder and director, for leasing of properties as restaurant, office premises and carparking spaces. As at 30 September 2021, the rental deposits paid to related parties of approximately HK$1,391,400 (31 March 2021: HK$1,380,000) and HK$246,000 (31 March 2021: HK$246,000) have been recognised as noncurrent and current rental deposits respectively.

18. 關聯方交易（續）

(a) 與關聯方的交易（續）

本集團與關聯公司（本 公司一名董事為其實益 股東及董事）訂立多份 租賃協議，以租用物業 為酒樓、辦公室物業及 泊車位。於 2021 年 9 月 30日，向關聯方支付的 租金按金約 1,391,400 港元（ 2 0 2 1 年 3 月 3 1 日：1,380,000港元）及 246,000港元（2021年3 月31日：246,000港元） 已分別確認為非即期及 即期租金按金。

56

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註 FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

18. RELATED PARTY TRANSACTIONS (Continued)

(b) Compensation of key management personnel

D u r i n g t h e p e r i o d e n d e d 30 September 2021 and 2020, the remuneration of the Directors a n d o t h e r m e m b e r s o f k e y management are as follows:

18. 關聯方交易（續）

(b) 主要管理人員薪酬

於截至2021年及2020年 9月30日止期間，董事及 主要管理層其他成員的 薪酬如下：

董事及主要行政人員的
薪酬經參考兩個期間內
其表現及附屬公司的績
效及市場趨勢而釐定。
Six months ended
30 September
截至9月30日止六個月
2021
2020
2021年
2020年
HK$’000
HK$’000
千港元
千港元
(Unaudited)
(Unaudited)
（未經審核）
（未經審核）
4,286
4,562
47
56
4,333
4,618
Short-term benefits
短期福利
Post-employment
benefits
離職後福利
T h e r e m u n e r a t i o n o f t h e
Directors and key executives is
determined by having regard to his
performance and the subsidiaries’
performance and market trends
for the both periods.

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

57

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

19. SHARE OPTION SCHEME

The Company’s share option scheme was adopted pursuant to the resolution passed on 25 January 2019 to give the eligible persons (as mentioned in the following paragraph) an opportunity to have a personal stake in our Company and help motivate them to optimise their future performance and efficiency to our Group and/or to reward them for their past contributions, to attract and retain or otherwise maintain on-going relationships with such eligible persons who are significant to and/or whose contributions are or will be beneficial to the performance, growth or success of our Group, and additionally in the case of Executives (as defined below), to enable our Group to attract and retain individuals with experience and ability and/or to reward them for their past contributions.

19. 購股權計劃

本公司的購股權計劃根據2019 年1月25日通過的決議案採納， 旨在向合資格人士（如下段所 述）提供於本公司擁有個人股 權的機會，並有助於激勵彼等 盡量提升其日後對本集團的績 效及效率及╱或就彼等過往的 貢獻給予獎勵，以吸引及挽留 或以其他方式與該等對本集團 表現、增長或成功而言乃屬重 要及╱或其貢獻有利於或將有 利於本集團表現、增長或成功 的合資格人士維持持續合作關 係，且讓本集團吸引及挽留具 經驗及能力的行政人員（定義 見下文）及╱或就彼等過往的 貢獻給予獎勵。

58

INTERIM REPORT 2021/2022 中期報告

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

19. SHARE OPTION SCHEME (Continued)

Eligible participants of the share option scheme include (a) any executive director of, manager of, or other employee holding an executive, managerial, supervisory or similar position in any member of our Group, any full-time or part-time employee, or a person for the time being seconded to work fulltime or part-time for any member of our Group; (b) a director or proposed director (including an independent non-executive director) of any member of our Group; (c) a direct or indirect shareholder of any member of our Group; (d) a supplier of goods or services to any member of our Group; (e) a customer, consultant, business or joint venture partner, franchisee, contractor, agent or representative of any member of our Group; (f) a person or entity that provides design, research, development or other support or any advisory, consultancy, professional or other services to any member of our Group; (g) an associate of any of the persons referred to in paragraphs (a) to (c) above; and (h) any person involved in the business affairs of the Company whom our board determines to be appropriate to participate in the share option scheme.

19. 購股權計劃（續）

購股權計劃的合資格參與人士 包括 (a)本集團任何成員公司 的任何執行董事、經理或擔任 行政、管理、監管或類似職位 的其他僱員、任何全職或兼職 僱員或借調至本集團任何成員 公司擔任全職或兼職工作的人 士；(b)本集團任何成員公司的 董事或候選董事（包括獨立非 執行董事）；(c)本集團任何成 員公司的直接或間接股東；(d) 本集團任何成員公司的貨品或 服務供應商；(e)本集團任何成 員公司的客戶、顧問、業務或 合營夥伴、加盟商、承包商、代 理人或代表；(f)向本集團任何 成員公司提供設計、研究、開 發或其他支援或任何建議、諮 詢、專業或其他服務的人士或 實體；(g)上文(a)至(c)段所述任 何人士的聯繫人；及(h)董事會 釐定為適合參與購股權計劃且 參與本公司業務的任何人士。

No share options are granted since the adoption of the share option scheme and there are no share options outstanding as at 30 September 2021.

自採納購股權計劃以來，概無 授出購股權。於2021年9月30 日，均無購股權未獲行使。

PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司

59

NOTES TO THE FINANCIAL STATEMENTS 財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 截至2021年9月30日止六個月

20. FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS

The Directors consider that the carrying amounts of financial assets and financial liabilities recorded at amortised cost in the condensed consolidated financial statements approximate their fair value.

20. 財務工具之公平值計量

董事認為簡明綜合財務報表中 按攤銷成本入賬的金融資產及 金融負債的賬面值與其公平值 相若。

60

INTERIM REPORT 2021/2022 中期報告

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