XML 46 R38.htm IDEA: XBRL DOCUMENT
v3.22.4

SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended | 9 Months Ended
--- | --- | ---
Jun. 30, 2022 | Sep. 30, 2022
SIGNIFICANT ACCOUNTING POLICIES |  |
Schedule of consolidated financial statements with intercompany balances and transactions eliminated between the VIE and its subsidiary | ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, | ​ | As of June 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Total assets |  | 254,602 | ​ | 296,738
Total liabilities |  | 176,204 | ​ | 179,039
​
​ | ​ | ​ | ​ | ​
​ |  | Six months ended June 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Total operating revenue |  | 86,930 | ​ | 144,398
Net income |  | 22,456 | ​ | 37,236
​
​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Net cash (used in)/generated from operating activities | ​ | (3,204) | ​ | 26,055
Net cash generated from financing activities | ​ | — | ​ | 7,388
Net (decrease)/increase in cash and cash equivalents | ​ | (3,204) | ​ | 33,443
Cash and cash equivalents at beginning of the period | ​ | 3,738 | ​ | 2,751
Cash and cash equivalents at end of the period | ​ | 534 | ​ | 36,194
| ​
​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, | ​ | As of September 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Total assets |  | 254,602 |  | 293,717
Total liabilities |  | 176,204 |  | 168,791
​
​ | ​ | ​ | ​ | ​
​ |  | Nine months ended September 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Total operating revenue |  | 134,812 |  | 201,216
Net income |  | 24,520 |  | 48,110
​
​ | ​ | ​ | ​ | ​
​ |  | Nine months ended September 30,
​ |  | 2021 |  | 2022
​ |  | (HK$ in thousands)
Net cash generated from operating activities | ​ | 3,328 | ​ | 25,847
Net cash used in investing activities | ​ | (3,187) | ​ | —
Net cash generated from financing activities | ​ | — | ​ | 8,107
Net increase in cash and cash equivalents | ​ | 141 | ​ | 33,954
Cash and cash equivalents at beginning of the period | ​ | 3,738 | ​ | 2,751
Cash and cash equivalents at end of the period | ​ | 3,879 | ​ | 36,705
Schedule of property and equipment at the end of the estimated useful lives | ​
​ | ​ | ​ | ​ | ​ | ​
Category |  | Estimated useful lives |  | Residual rate | ​
Computers equipment |  | 3 - 5 years | ​ | 5 | %
Furniture and fixtures |  | 3 - 5 years | ​ | 5 | %
Office equipment |  | 3 - 5 years | ​ | 5 | %
Office building |  | 30 years | ​ | 5 | %
Vehicle | ​ | 5 years | ​ | 5 | %
| ​
​ | ​ | ​ | ​ | ​ | ​
Category |  | Estimated useful lives |  | Residual rate | ​
Computers equipment |  | 3 - 5 years | ​ | 5 | %
Furniture and fixtures |  | 3 - 5 years | ​ | 5 | %
Office equipment |  | 3 - 5 years | ​ | 5 | %
Office building |  | 30 years | ​ | 5 | %
Vehicle | ​ | 5 years | ​ | 5 | %
Summary of estimated useful lives | ​
​ | ​ | ​
Category |  | Estimated useful lives
Computer software | ​ | 5 years
Licenses (1) | ​ | 10 years
​
(1) | The income approach was used to measure the fair value of the licenses, and the period of expected cash flows used to measure the fair value of the licenses is considered by the Group in determining the useful lives of the related licenses. Based on historical performance, market prospects and other macroeconomic conditions, the Group estimates that the useful lives of the related licenses are 10 years.
| ​
​ | ​ | ​
Category |  | Estimated useful lives
Computer software | ​ | 5 years
Licenses(1) | ​ | 10 years
​
(1) | The income approach was used to measure the fair value of the licenses, and the period of expected cash flows used to measure the fair value of the licenses is considered by the Group in determining the useful lives of the related licenses. Based on historical performance, market prospects and other macroeconomic conditions, the Group estimates that the useful lives of the related licenses are 10 years.
Schedule of brokerage commission income related to the customer loyalty program | ​
​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Brokerage commission income, gross | ​ | 1,982,242 |  | 1,798,892
Less: revenue netted or deferred | ​ | (279,758) |  | (180,255)
Brokerage commission income, net | ​ | 1,702,484 |  | 1,618,637
| ​
​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended September 30,
​ |  | 2021 |  | 2022
​ | ​ | (HK$ in thousands)
Brokerage commission income, gross |  | 2,860,846 | ​ | 2,631,790
Less: revenue netted or deferred |  | (406,627) | ​ | (243,002)
Brokerage commission income, net |  | 2,454,219 | ​ | 2,388,788

X
- Definition Tabular disclosure of brokerage commission income related to incentive program. + References No definition available. + Details
Name: | futu_ScheduleOfBrokerageCommissionIncomeRelatedToIncentiveProgramTableTextBlock
Namespace Prefix: | futu_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the useful life of finite lived intangible assets. + References No definition available. + Details
Name: | futu_ScheduleOfFiniteLivedIntangibleAssetsUsefulLifeTableTextBlock
Namespace Prefix: | futu_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the useful life of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. + References No definition available. + Details
Name: | futu_ScheduleOfPropertyPlantAndEquipmentUsefulLifeTableTextBlock
Namespace Prefix: | futu_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=123419778&loc=SL6759159-111685 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=123419778&loc=d3e5747-111685 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=123419778&loc=SL6228884-111685 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=123419778&loc=d3e5710-111685 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=123419778&loc=d3e5728-111685 + Details
Name: | us-gaap_ScheduleOfVariableInterestEntitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration