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v3.25.1

Provision for reinstatement costs | 12 Months Ended
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Dec. 31, 2024
Provision For Reinstatement Costs |
Provision for reinstatement costs | 24. Provision for reinstatement costs Under the terms of operating leases in respect of properties entered into try by the Group, the Group is required to reinstate the properties to the original physical condition at the end of the respective leases. Provision is therefore made for the best estimate of the expected costs that related to the restoration of the alternations made to the properties. Schedule of provision for reinstatement costs
|  | 2024 |  |  | 2024 |  |  | 2023 |
|  | US$ |  |  | HK$ |  |  | HK$ |
At beginning of year |  |  | 691,324 |  |  |  | 5,370,000 |  |  |  | 4,800,000 |
Provision |  |  | 190,533 |  |  |  | 1,480,000 |  |  |  | 1,800,000 |
Utilisation for the year |  |  | (25,748 | ) |  |  | (200,000 | ) |  |  | - |
Write-off upon the expiration of leases |  |  | (173,797 | ) |  |  | (1,350,000 | ) |  |  | (700,000 | )
Transfer to liabilities classified as held for sale |  |  | - |  |  |  | - |  |  |  | (530,000 | )
At end of year |  |  | 682,312 |  |  |  | 5,300,000 |  |  |  | 5,370,000 |
Less: portion classified as current liabilities |  |  | (324,420 | ) |  |  | (2,520,000 | ) |  |  | (730,000 | )
|  |  | 357,892 |  |  |  | 2,780,000 |  |  |  | 4,640,000 |

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- Definition Disclosure of provision for reinstatement costs explanatory. + References No definition available. + Details
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- References No definition available. + Details
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Period Type: | duration