Capital Realm Financial released its financial highlights and corporate events for the fiscal year ending on March 31, 2024. The company reported no income during the reporting period, and the loss attributable to shareholders was HKD 28.727 million, increasing by 25.98% compared to the previous year. Comprehensive expenses were HKD 42.078 million, and the loss per share was HKD 4.27 (basic and diluted). In terms of assets and liabilities, non-current assets were HKD 0.159083 billion, current assets were HKD 0.361618 billion, current liabilities were HKD 0.142576 billion, net assets were HKD 0.378125 billion, and total equity was also HKD 0.378125 billion. Regarding financial policies, the company adopts acquisition accounting to process business combinations, sub-subsidiary investments are calculated based on cost less impairment, government subsidies are recognized as deferred income...Show More

Capital Realm Financial released its financial highlights and corporate events for the fiscal year ending on March 31, 2024. The company reported no income during the reporting period, and the loss attributable to shareholders was HKD 28.727 million, increasing by 25.98% compared to the previous year. Comprehensive expenses were HKD 42.078 million, and the loss per share was HKD 4.27 (basic and diluted). In terms of assets and liabilities, non-current assets were HKD 0.159083 billion, current assets were HKD 0.361618 billion, current liabilities were HKD 0.142576 billion, net assets were HKD 0.378125 billion, and total equity was also HKD 0.378125 billion. Regarding financial policies, the company adopts acquisition accounting to process business combinations, sub-subsidiary investments are calculated based on cost less impairment, government subsidies are recognized as deferred income, all lease capitalizations are recognized as right-of-use assets and lease liabilities, and financial instruments are classified based on the purpose of debt generation. The audit focuses on the fair value measurement of non-listed financial assets (FVTPL and FVTOCI) and the impairment assessment of financial assets measured on an amortized cost basis. In terms of corporate governance, the company complies with Hong Kong Financial Reporting Standards and Hong Kong Companies Ordinance, and the directors are responsible for financial statements and internal controls. They also adopt the model code for securities transactions of directors, set up procedures for shareholder nomination and election of directors and special shareholders' meetings, and communicate with shareholders through annual general meetings and annual reports. Estimated uncertainties include impairment of receivables and financial assets measured on an amortized cost basis, as well as the fair value measurement of non-listed equity securities (FVTPL and FVTOCI).