达力集团2022/2023年报

Incorporated in Bermuda with limited liabilityStock Code29 CONTENTS 2Corporate and Investor Information4Chairman’s Statement15Profile of Management19Corporate Governance Report36Directors’ Report51Independent Auditor’s Report56Consolidated Statement of Profit or Loss andOther Comprehensive Income57Consolidated Statement of Financial Position59Consolidated Statement of Changes in Equity60Consolidated Statement of Cash Flows62Notes to the Consolidated Financial Statements151Five-Year Financial Summary152Analysis of Properties Held CORPORATE AND INVESTOR INFORMATION As at 27 September 2023 BOARD OF DIRECTORS Executive Directors TAN Lucio C.,ChairmanCHIU Siu Hung, Allan,Chief Executive OfficerTAN Carmen K.PASCUAL Ramon SyTAN Vivienne KhaoTAN Irene Khao TAN Irene Khao Independent Non-executive Directors GO Patrick LimNGU Angel CHONG Kim Chan, KennethGO Patrick LimNGU AngelMA Chiu Tak, Anthony AUDIT COMMITTEE GO Patrick Lim CHONG Kim Chan, Kenneth,ChairmanGO Patrick LimMA Chiu Tak, Anthony REMUNERATION COMMITTEE GO Patrick Lim CHONG Kim Chan, Kenneth,ChairmanGO Patrick LimMA Chiu Tak, Anthony NOMINATION COMMITTEE GO Patrick Lim GO Patrick Lim,ChairmanCHONG Kim Chan, KennethMA Chiu Tak, Anthony COMPANY SECRETARY WONG Oi Yee, Polly AUDITORS • Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditors LEGAL ADVISERS DeaconsMayer BrownApplebyLongan Law FirmShanghai Kai-Rong Law Firm PRINCIPAL BANKERS Hang Seng Bank LimitedIndustrial and Commercial Bank of China LimitedChina Merchants Bank Co., Ltd.Bank of China LimitedBank of Communications Co., Ltd. WEBSITES www.dynamic.hkwww.irasia.com/listco/hk/dynamic www.dynamic.hkwww.irasia.com/listco/hk/dynamic STOCK CODE 29 29 SHARE REGISTRAR Principal Share Registrar MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor NorthCedar House41 Cedar AvenueHamilton HM 12Bermuda Branch Share Registrar 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda 817 17th Floor, Eton Tower8 Hysan AvenueCauseway BayHong Kong REPRESENTATIVE OFFICE IN SHENZHEN 20081321 Unit 1321, Shenzhen Kerry Centre2008 Renminnan Road, ShenzhenThe People’s Republic of China BUILDINGWITH VISION 高 瞻 遠 築 Dr. TAN Lucio C.Chairman On behalf of the Board of Directors (the “Board” or “Directors”),I present to the shareholders the annual report of Dynamic HoldingsLimited (the “Company”) and its subsidiaries (the “Group”) for thefinancial year ended 30 June 2023. RESULTS 79,734,00086,892,00054,752,00061,927,0008%12%69%71% For the year ended 30 June 2023, the Group reported a total revenueof HK$79,734,000 (2022: HK$86,892,000) and a gross profit ofHK$54,752,000 (2022: HK$61,927,000), showing a drop of revenueand gross profit about 8% and 12%, respectively, as compared withthat of last year. The gross profit margin was about 69% (2022:71%). These results were primarily attributable to the reduced rentalrevenue from investment properties of the Group in mainland China asdenominated in renminbi yuan (“RMB”) as a result of depreciation ofRMB against HKD in the year as mentioned below. 17,346,00019,938,00019,189,00020,034,00010,408,0002,526,00022,664,00017,223,000 During the year under review, the Group accounted for other incomeof HK$17,346,000 (2022: HK$19,938,000), which mainly arose fromimputed and bank interest income in the sum of HK$19,189,000 (2022:HK$20,034,000) with net exchange loss of HK$10,408,000 (2022:HK$2,526,000) due to the depreciation of RMB against Hong Kongdollar (“HKD”) as mentioned below. In addition, the Group recordedan aggregate decrease of HK$22,664,000 (2022: HK$17,223,000)in the fair value of the investment properties of the Group under thesubdued market sentiment. 6,634,00031,152,0002.813.1 Taking into account the decrease in fair value of the investmentproperties together with the related effect of taxation in the year, theprofit for the year attributable to shareholders of the Company wasHK$6,634,000 (2022: HK$31,152,000), with basic earnings per shareof 2.8 Hong Kong cents (2022: 13.1 Hong Kong cents). 7.8%2.8%156,787,00060,881,000147,116,00028,574,000 In addition, due to exchange difference on currency translation topresentation currency in HKD from functional currency in RMB,which devalued against HKD by 7.8% (2022: 2.8%) in the year,the other comprehensive expense was HK$156,787,000 (2022:HK$60,881,000), and the total comprehensive expense attributable toshareholders of the Company amounted to HK$147,116,000 (2022:HK$28,574,000) in the year. CHAIRMAN’S STATEMENT(Continued) DIVIDENDS 0.50.50.51 The Board has resolved to recommend the payment of a final dividendof 0.5 Hong Kong cents (2022: 0.5 Hong Kong cents) per share to the