元亨燃气2024中期报告

the six months ended 30 September 2023 (the “Period”), togetherwith the comparative figures, as follows: Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Condensed Consolidated Statement of Financial Position NON-CURRENT ASSETSProperty, plant and equipmentRight-of-use assetsGoodwillInterests in associatesDerivative financial instrumentDeferred tax assets 4Condensed Consolidated Statement of Financial Position Condensed Consolidated Statement of Changes in Equity Condensed Consolidated Statement of Changes in Equity Notes: (a)(i)(ii)70,000,00055,595,000 INTERIM REPORT 2024(a)Other reserve of the Group mainly represents (i) the financial impactofadopting merger accounting for the acquisition of Union HonorLimited(“UHL”)and its subsidiaries;and(ii)a debit arising fromthedeemed distribution to shareholder which represents the cashconsideration of the acquisition of UHL of HK$70,000,000 (equivalenttoRMB55,595,000)paid to the vendor during the year ended 31March 2014. (b)10%50%25% YUAN HENG GAS HOLDINGS LIMITED(b)In accordance with the relevant laws and regulations of the People’sRepublicof China(the“PRC”)and the Articles of Association ofcertain subsidiaries of the Company, they are required to provide forPRC statutory reserves, by way of appropriations from their respectivestatutory net profit (based on their PRC statutory financial statements)but before dividend distributions. They are required to transfer 10%of the profit after taxation to the statutory reserves. The appropriationtothe statutory surplus reserve may cease if the balance of thestatutory surplus reserve has reached 50% of the registered capitalof the relevant companies. The statutory surplus reserve can be usedto make up prior year losses, if any, and can be applied in conversionintocapital by means of a capitalisation issue.However,whenconvertingthe statutory surplus reserve into capital,the remainingbalance of such reserve must not be less than 25% of the registeredcapital of the relevant companies. (c)Pursuantto the relevant PRC regulation,certain subsidiaries arerequired to transfer a certain percentage based on a progressive rateon revenue generated from manufacturing and transportation of gasor other dangerous chemical into a designated fund. The fund will beused for installation and repair and maintenance of safety facilities.The movement during the period represents the difference betweenthe amounts provided based on the relevant PRC regulation and theamount utilised during the period. Condensed Consolidated Statement of Cash Flows Notes to the Unaudited Condensed Consolidated Financial Statements 1. 1.BASIS OF PREPARATION 3416 Theunaudited condensed consolidated financialstatementshave been prepared in accordance withHong Kong Accounting Standard (the “HKAS”) No. 34“Interim Financial Reporting” issued by the Hong KongInstitute of Certified Public Accountants (the “HKICPA”)andthe applicable disclosure requirements set outinAppendix 16 to the Rules Governing the ListingofSecurities on The Stock Exchange of Hong KongLimited (the “Stock Exchange”). 28,358,00089,561,000911,910,0001,026,295,000 TheGroup reported a consolidated profit attributablet oo w n e r s o f t h e C o m p a n y o f a p p r o x i m a t e l yR M B 2 8 , 3 5 8 , 0 0 0f o r t h e s i x m o n t h s e n d e d 3 0September2023(for the six months ended 30September2022:RMB89,561,000)and as at 30September 2023 the Group had net current assets ofapproximately RMB911,910,000 (As at 31 March 2023:approximately RMB1,026,295,000). 2. 2.SIGNIFICANT ACCOUNTING POLICIES Thecondensed consolidated financial statements donot include all the information and disclosures requiredin the annual financial statements. The accounting policies adopted in the preparation ofthese condensed consolidated financial statements areconsistent with those followed in the preparation of theGroup’s annual financial statements for the year ended31 March 2023, except for the first time of the followingnewInterpretation and amendments to Hong KongFinancialReporting Standards(“HKFRSs”)issued bythe Hong Kong Institute of Certified Public Accountants(“HKICPA”) that are relevant for the preparation of theGroup’s condensed consolidated financial statements. Notes to the Unaudited Condensed Consolidated Financial Statements 2. 2.SIGNIFICANT ACCOUNTING POLICIES(Continued) 17171281212 HKFRS 17 (including the October2020 and February 2022Amendments to HKFRS 17)Insurance Contracts Amendments to HKAS 1and HKFRS PracticeStatement 2Amendments to HKAS 8 Disclosure of AccountingPolicies Definition of AccountingEstimatesDeferred Tax Related toAssets and Liabilitiesarising from a SingleTransactionInternational Tax Reform– Pillar Two Model Rules Amendments to HKAS 12 The application of the new and amendments to HKFRSsinthe current period has had no material impact ontheGroup’s financi