XML 24 R11.htm IDEA: XBRL DOCUMENT
v3.23.1

Operating Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Disclosure of operating segments [abstract] |
Operating Segment Information |
4. | OPERATING SEGMENT INFORMATION
In the prior years, the Group had identified three operating segments, investment banking segment, asset management segment and strategic investment segment. As a result of the business acquisitions in 2022, the Group updated its internal organizational structure and the financial measures provided to the Group’s chief operating decision maker “CODM”. These changes in segment reporting align with the manner in which the Group’s CODM currently receives and uses financial information to allocate resources and evaluate the performance of operating segments. These changes in segment presentation do not affect consolidated statements of financial position, consolidated statements of profit or loss and other comprehensive income or consolidated statements of cash flows. The Group retrospectively revised prior period segment information, to conform to current period presentation. The Group now operates its businesses in four operating segments: capital market solutions segment, digital solutions and other services segment, fashion and luxury media advertising and marketing services segment and strategic investment segment. The following summary describes the operations in each of the Group’s reportable segment: The Group’s reportable and operating segments are therefore as follows:
| (a) | The capital market solutions segment assists customers in raising funds through equity and debt financing, private placements and debt issuances, providing financial advisory services (including but not limited to domestic and cross border advisory services for merger and acquisitions) and providing asset management products and services.
| (b) | The digital solutions and other services segment, which arises from the business combination of AMTD Digital under common control during the current period, provides its institutional and corporate clients with exclusive, paid access to enhance their investor communication, investor relations and corporate communication to potentially maximize their valuation, as well as provides digital financial solution services.
| (c) | The fashion and luxury media advertising and marketing services segment, which arises from the business acquisition of L’Officiel in current period, engages in the provision of print and digital advertising campaigns, licensing, and value-added marketing services including branded content, video production, social media activation, event creation, and experiential marketing, among other services.
| (d) | The strategic investment segment engages in proprietary investments and management of global investment portfolio (including listed and unlisted equity shares investments and movie income right investments).
Management monitors the results of the Group’s operating segments separately for the purpose of making decisions about resources allocation and performance assessment. Segment performance is evaluated based on reportable segment result, which is a measure of profit before tax from operations. The profit before tax from operations is measured after allocation of ECL, attributable costs of specialized staff, commission paid to asset management segment consistently with the Group’s profit before tax from operations. Net fair value change on derivative financial liability, other income, other gain and corporate expenses such as staff costs not directly attributable to segment s , office rental and administrative expenses are excluded from such measurement. Segment assets exclude property, plant and equipment, amounts due from immediate holding company, prepayments, deposits and other receivables, tax recoverable, cash and bank balances and other unallocated head office and corporate assets as these assets are managed on a group basis. Segment liabilities exclude tax payable, convertible bond, derivative financial liability, bank borrowings, deferred tax liabilities and other unallocated head office and corporate liabilities as these liabilities are managed on a group basis. Segment revenue and results The following tables present information by segment, with prior period segment information retrospectively recast to conform to current period presentation: For the year ended December 31, 2020
|  | Capital market solutions HK$ |  |  | Strategic investment HK$ |  |  | Total HK$ |
Segment revenue (Note 5) |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
—from contract with customers |  |  | 607,263,125 |  |  |  | — |  |  |  | 607,263,125 |
—others |  |  | — |  |  |  | 511,277,048 |  |  |  | 511,277,048 |
|  |  | 607,263,125 |  |  |  | 511,277,048 |  |  |  | 1,118,540,173 |
Segment results |  |  | 565,271,220 |  |  |  | 511,277,048 |  |  |  | 1,076,548,268 |
Unallocated other income |  |  |  |  |  |  |  |  |  |  | 111,867,468 |
Unallocated finance costs |  |  |  |  |  |  |  |  |  |  | (21,510,079 | )
Unallocated net changes in fair value on derivative financial liability |  |  |  |  |  |  |  |  |  |  | 7,765,148 |
Corporate and other unallocated expenses |  |  |  |  |  |  |  |  |  |  | (173,250,588 | )
Profit before tax |  |  |  |  |  |  |  |  |  |  | 1,001,420,217 |
Other segment information |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  |  |  |  |  |  |  |  |  | 30,374 |
Capital expenditure |  |  |  |  |  |  |  |  |  |  | 110,734 |
For the year ended December 31, 2021
|  | Capital market solutions |  |  | Strategic investment |  |  | Total |
|  | HK$ |  |  | HK$ |  |  | HK$ |
Segment revenue (Note 5) |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  |  |  |  |  |  |  |  |  |  |
—from contract with customers |  |  | 680,477,636 |  |  |  | — |  |  |  | 680,477,636 |
—others |  |  | — |  |  |  | 717,366,581 |  |  |  | 717,366,581 |
|  |  | 680,477,636 |  |  |  | 717,366,581 |  |  |  | 1,397,844,217 |
Segment results |  |  | 658,504,447 |  |  |  | 717,366,581 |  |  |  | 1,375,871,028 |
Unallocated other income |  |  |  |  |  |  |  |  |  |  | 125,538,171 |
Unallocated finance costs |  |  |  |  |  |  |  |  |  |  | (12,825,923 | )
Corporate and other unallocated expenses |  |  |  |  |  |  |  |  |  |  | (157,406,721 | )
Profit before tax |  |  |  |  |  |  |  |  |  |  | 1,331,176,555 |
Other segment information |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  |  |  |  |  |  |  |  |  | 44,226 |
For the year ended December 31, 2022
|  | Capital market solutions |  |  | Digital solutions and other services |  |  | Fashion and luxury media advertising and marketing services |  |  | Strategic investment |  |  | Total |
|  | HK$ |  |  | HK$ |  |  | HK$ |  |  | HK$ |  |  | HK$ |
Segment revenue (Note 5) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
—from contract with customers |  |  | 581,932,693 |  |  |  | 183,572,996 |  |  |  | 59,679,071 |  |  |  | — |  |  |  | 825,184,760 |
—others |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 546,696,252 |  |  |  | 546,696,252 |
|  |  | 581,932,693 |  |  |  | 183,572,996 |  |  |  | 59,679,071 |  |  |  | 546,696,252 |  |  |  | 1,371,881,012 |
Segment results |  |  | 564,982,684 |  |  |  | 166,805,327 |  |  |  | 21,337,768 |  |  |  | 546,696,252 |  |  |  | 1,299,822,031 |
Unallocated other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 141,461,546 |
Unallocated other gain |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 153,487,985 |
Unallocated finance costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,729,278 | )
Unallocated net changes in fair value on derivative financial liability |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13,347,266 |
Corporate and other unallocated expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (239,691,077 | )
Profit before tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,361,698,473 |
Other segment information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,784,258 |
Segment assets and liabilities
|  | December 31, 2021 |  |  | December 31, 2022 |
|  | HK$ |  |  | HK$ |
Segment assets |  |  |  |  |  |  |  |
Capital market solutions |  |  | 237,529,210 |  |  |  | 81,323,982 |
Digital solutions and other services |  |  | — |  |  |  | 184,735,467 |
Fashion and luxury media advertising and marketing services |  |  | — |  |  |  | 731,083,960 |
Strategic investment |  |  | 3,755,921,604 |  |  |  | 2,966,329,496 |
Total segment assets |  |  | 3,993,450,814 |  |  |  | 3,963,472,905 |
Unallocated corporate assets |  |  | 2,693,387,229 |  |  |  | 4,307,818,867 |
Total assets |  |  | 6,686,838,043 |  |  |  | 8,271,291,772 |
Segment liabilities |  |  |  |  |  |  |  |
Capital market solutions |  |  | 155,651,880 |  |  |  | — |
Digital solutions and other services |  |  | — |  |  |  | 18,117,399 |
Fashion and luxury media advertising and marketing services |  |  | — |  |  |  | 181,455,718 |
Total segment liabilities |  |  | 155,651,880 |  |  |  | 199,573,117 |
Unallocated corporate liabilities |  |  | 742,312,989 |  |  |  | 255,090,510 |
Total liabilities |  |  | 897,964,869 |  |  |  | 454,663,627 |
Geographical information The following table sets forth the Group’s revenue from contract with customers by geographical areas based on the location of the customers: For the year ended December 31, 2020
|  | Capital market solutions HK$ |
China (including Hong Kong) |  |  | 590,441,983 |
Others |  |  | 16,821,142 |
|  |  | 607,263,125 |
For the year ended December 31, 2021
|  | Capital market solutions HK$ |
China (including Hong Kong) |  |  | 676,711,632 |
Others |  |  | 3,766,004 |
|  |  | 680,477,636 |
For the year ended December 31, 2022
|  | Capital markets solutions |  |  | Digital solutions and other services |  |  | Fashion and luxury media advertising and marketing services |  |  | Total |
|  | HK$ |  |  | HK$ |  |  | HK$ |  |  | HK$ |
China (including Hong Kong) |  |  | 581,932,693 |  |  |  | 182,111,835 |  |  |  | 23,862,618 |  |  |  | 787,907,146 |
Europe |  |  | — |  |  |  | — |  |  |  | 18,030,423 |  |  |  | 18,030,423 |
America |  |  | — |  |  |  | — |  |  |  | 9,411,504 |  |  |  | 9,411,504 |
Others |  |  | — |  |  |  | 1,461,161 |  |  |  | 8,374,526 |  |  |  | 9,835,687 |
|  |  | 581,932,693 |  |  |  | 183,572,996 |  |  |  | 59,679,071 |  |  |  | 825,184,760 |
As of December 31, 2022, non-current assets other than financial instruments of HK$ 66,000 (2021:HK$ 15,238,000 ), HK$90,577,000 (2021:Nil) and HK $ 724,254,000 (2021: Nil ), for the purpose of geographical information were located in Hong Kong, Singapore and Europe, respectively.

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS08_g20-24__IFRS08_g20-24_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration