v3.25.4
Operating Lease Liabilities
 12 Months Ended
Sep. 30, 2025
Operating Lease Liabilities  
Operating Lease Liabilities

Note 7. Operating Lease Liabilities

 

As of September 30, 2024, and September 30, 2025, the Group has operating leases with third parties recorded in its balance sheets for office and shop spaces that expire on various dates through August 2027. When determining the lease term, at lease commence date, the Group considers options to extend or terminate the lease when it is reasonably certain that it will exercise or not exercise that option. The Group’s lease arrangements may contain both lease and non-lease components. The Group has separately accounted for lease and non-lease components based on their nature. Payments under the Group’s lease arrangement are fixed.

 

 

The following table shows ROU assets and operating lease liabilities, the Consolidated financial statement line items as of September 30:

 

   2024   2025   2025 
   HK$   HK$   US$ 
Assets               
Operating lease right-of-use assets, net   5,095,127    2,257,410    290,048 
                
Liabilities               
Operating lease liabilities, current   4,030,909    1,748,100    224,608 
Operating lease liabilities, non-current   1,645,751    781,701    100,438 
Total lease liabilities   5,676,660    2,529,801    325,046 
                
Weighted average remaining lease term (in years)   2.93    0.89    0.89 
Weighted average discount rate (%)   3.60%   3.60%   3.60%

 

Information relating to operating lease activities during the years ended September 30, 2025 and 2024 are as follows:

 

   2024   2025   2025 
   HK$   HK$   US$ 
Operating lease right-of-use assets, obtained in exchange for operating lease liabilities   312,160    1,023,732    131,536 
                
Operating lease expenses               
Amortization of right-of-use assets   5,929,064    3,861,449    495,331 
Interest of lease liabilities   313,065    144,066    18,480 
Total operating lease expenses   6,242,129    4,005,515    513,811 
Cash paid for operating leases   8,400,960    7,768,065    996,455 

 

Maturities of lease liabilities were as follows:

 

   2025   2025 
   HK$   US$ 
For the year ending September 30,          
2026   2,060,210    264,710 
2027   532,980    68,481 
Total lease payments   2,593,190    333,191 
Less: imputed interest   (63,389)   (8,145)
Total   2,529,801    325,046