GREAT WALL TERROIR HOLDINGS LIMITED Great長城天Wall下控股Terroir有限公Holdings司 Limited
(Incorporated in Bermuda with limited liability)
(Stock Code: 524)
Interim Report
2022
CONTENTS
Corporate Information | 2 |
Condensed Consolidated Statement of Profit or Loss | 3 |
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | 4 |
Condensed Consolidated Statement of Financial Position | 5 |
Condensed Consolidated Statement of Changes in Equity | 6 |
Condensed Consolidated Statement of Cash Flows | 7 |
Notes to the Condensed Consolidated Financial Statements | 8 |
Business Review and Outlook | 21 |
Financial Review | 25 |
Additional Information | 27 |
Great Wall Terroir Holdings Limited Interim Report 2022 | 01 |
CORPORATE INFORMATION
BOARD OF DIRECTORS
EXECUTIVE DIRECTORS
Cheung Siu Fai (Chairman and Acting Chief Executive Officer) Hui Chun Wai Henry
INDEPENDENT NON-EXECUTIVE DIRECTORS
Fong Wai Ho
Chow Hiu Tung
Cheung Sze Ming
COMPANY SECRETARY
Leung Yung Yan
AUDITOR
Confucius International CPA Limited
Certified Public Accountants
LEGAL ADVISERS
Conyers Dill & Pearman (as to Bermuda laws)
Loeb & Loeb LLP (as to Hong Kong laws)
PRINCIPAL BANKERS
The Bank of East Asia, Limited
The Hongkong and Shanghai Banking Corporation Limited
REGISTERED OFFICE
Clarendon House
2 Church Street
Hamilton HM11
Bermuda
PRINCIPAL PLACE OF BUSINESS IN HONG KONG
Room 1005, 10/F.
Tower Two, Lippo Centre
No. 89 Queensway
Hong Kong
STOCK CODE
The Stock Exchange of Hong Kong Limited: 524
WEBSITE
www.gwt.hk
PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE
MUFG Fund Services (Bermuda) Limited 4th Floor North Cedar House
41 Cedar Avenue
Hamilton HM12 Bermuda
BRANCH SHARE REGISTRAR AND TRANSFER OFFICE IN HONG KONG
Tricor Secretaries Limited
17/F., Far East Finance Centre
16 Harcourt Road
Hong Kong
02 | Great Wall Terroir Holdings Limited Interim Report 2022 |
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the six months ended 30 June 2022
The board (the "Board") of directors (the "Director(s)") of Great Wall Terroir Holdings Limited (the "Company") herein presents the unaudited interim results (the "Interim Results") of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2022 (the "Period"), together with comparative figures for the corresponding period in 2021. The Interim Results are unaudited but have been reviewed by the audit committee (the "Audit Committee") of the Company.
Six months ended 30 June | |||
2022 | 2021 | ||
HK$'000 | HK$'000 | ||
Notes | (Unaudited) | (Unaudited) | |
Revenue | 3 | ||
- Contracts with customers | 43,906 | 68,380 | |
- Leases | 672 | - | |
Total revenue | 44,578 | 68,380 | |
Cost of services | (41,983) | (66,080) | |
Gross profit | 2,595 | 2,300 | |
Other income, gains and losses | 4 | (2,337) | 13,104 |
258 | 15,404 | ||
Selling and distribution expenses | (77) | (331) | |
Operation and administrative expenses | (10,892) | (17,739) | |
Loss from operations | (10,711) | (2,666) | |
(Loss allowances) reversal of loss allowances on | (128) | ||
- Trade receivables | (171) | ||
- Other receivables | (645) | 10 | |
Write-off of financial assets at fair value through profit or loss ("FVTPL") | - | (425) | |
Net unrealised loss on financial assets at FVTPL | - | (295) | |
Net realised gain on financial assets at FVTPL | 59 | - | |
Loss on disposal of a subsidiary | - | (5,962) | |
Finance costs | 5(a) | (97) | (948) |
Loss before taxation | 5 | (11,522) | (10,457) |
Income tax expense | 6 | (100) | - |
Loss for the period | (11,622) | (10,457) | |
Loss for the period attributable to: | (11,622) | ||
Owners of the Company | (10,457) | ||
Non-controlling interests | - | - | |
Loss for the period | (11,622) | (10,457) | |
HK cents | HK cents | ||
Loss per share | (restated) | ||
(0.7) | |||
Basic and diluted | 8 | (1.0) | |
Great Wall Terroir Holdings Limited Interim Report 2022 | 03 |
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Disclaimer
Great Wall Belt & Road Holdings Limited published this content on 02 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2022 09:29:01 UTC.
