Fenbo Holdings Limited Ordinary Shares / "Tax" | Tables in SEC filings

FEBO Fenbo Holdings Limited Ordinary Shares

29 Apr 24

Annual report (foreign)

6:16am

	Note	2022		2023		2023
		For the year ended December 31,
	Note	2022		2023		2023
		HK$’000		HK$’000		US$’000
						(Note)
Revenues			119,728		119,110		15,249
Cost of sales			(100,892)		(97,004)		(12,419)
Gross profit			18,836		22,106		2,830

Operating expenses:
Selling and marketing expenses			(2,057)		(1,961)		(251)
General and administrative expenses			(19,239)		(20,535)		(2,629)
Total operating expenses			(21,296)		(22,496)		(2,880)

Income from operations			(2,460)		(390)		(50)

Other (expense) income:
Exchange (loss) gain, net			-		213		27
Gain (loss) on disposal of property, plant and equipment			12,458		(1)		-
Interest income			20		84		11
Interest expense			(1,581)		(1,708)		(219)
Government grant			-		205		26
Other income, net			528		266		34
Total other (expense) income			11,425		(941)		(121)

Income (expense) before tax expense			8,965		(1,331)		(171)
Income tax expense	12		(312)		(131)		(17)
Net income (loss)			8,653		(1,462)		(188)

Other comprehensive income
Foreign currency translation loss, net of taxes			(2,575)		(809)		(104)

Total comprehensive income (loss)			6,078		(2,271)		(292)

Net income (loss) per share attributable to ordinary shareholders
Basic and diluted (cents)	13, 14		86.53		(14.50)		(1.86)
Weighted average number of ordinary shares used in computing net income (loss) per share
Basic and diluted	13, 14		10,000,000		10,084,932		10,084,932

	For the years ended December 31,
	2021					2022					2023
	HK$’000		% of Revenue			HK$’000		% of Revenue			HK$’000		USD’000		% of Revenue
Revenues		140,685		100.0	%		119,728		100.0	%		119,110		15,249		100.0	%
Cost of sales		(117,474)		83.5	%		(100,892)		84.3	%		(97,004)		(12,419)		81.4	%
Gross profit		23,211		16.5	%		18,836		15.7	%		22,106		2,830		18.6	%

Selling and marketing expense		(3,011)		2.1	%		(2,057)		1.7	%		(1,961)		(251)		1.7	%
General and administrative expense		(16,883)		12.0	%		(19,239)		16.1	%		(20,535)		(2,629)		17.2	%

Income (loss) from operations		3,317		2.4	%		(2,460)		2.1	%		(390)		(50)		0.3	%

Other income (expense), net		1,906		1.4	%		13,006		10.9	%		767		98		0.6	%
Interest expense		(1,577)		1.1	%		(1,581)		1.3	%		(1,708)		(219)		1.4	%
Income (loss) before tax expense		3,646		2.6	%		8,965		7.5	%		(1,331)		(171)		1.1	%

Income tax expense		(2,822)		2.0	%		(312)		0.3	%		(131)		(17)		0.1	%
Net income (loss)		824		0.6	%		8,653		7.2	%		(1,462)		(188)		1.2	%

Other comprehensive income
Foreign currency translation gain (loss), net		1,001		0.7	%		(2,575)		2.2	%		(809)		(104)		0.7	%

Total comprehensive income (loss)		1,825		1.3	%		6,078		5.1	%		(2,271)		(292)		1.9	%

	Financial Year Ended December 31, 2022		Financial Year Ended December 31, 2023
Audit Fees	$	100,000	$	160,000
Audit Related Fees		-		-
Tax Fees		-		-
All Other Fees		-		-
Total	$	100,000	$	160,000

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