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Income tax (Tables)

12 Months Ended

Dec. 31, 2024

Notes and other explanatory information [abstract]

Details of income tax are as follows:-

Schedule of income tax

	2024			2024			2023			2022
	US$			HK$			HK$			HK$

Current tax – Hong Kong
- current year provision		968,491			7,522,946			6,407,506			6,113,619
- prior year (over)/under provision		(1,278	)		(9,923	)		(1,049	)		48,364
Current tax – Taiwan		743			5,775			-			29,431
Total current tax		967,956			7,518,798			6,406,457			6,191,414
Deferred tax (Note 14)		(618,598	)		(4,805,091	)		1,251,531			(1,811,065	)

Total tax expenses for the year		349,358			2,713,707			7,657,988			4,380,349

Schedule of income tax expense at the effective tax rates

A reconciliation of the tax expense applicable to profit/(loss) before tax at the statutory rates for the jurisdictions or countries in which the Group and the majority of its subsidiaries are domiciled to the tax expense at the effective tax rates is as follows:-

	2024			2024			2023			2022
	US$			HK$			HK$			HK$

Profit/(loss) before tax		4,584,903			35,614,151			(29,788,123	)		37,789,702

Tax at applicable rate		742,371			5,766,512			(5,018,726	)		6,126,766
Income not subject to tax		(1,434,439	)		(11,142,285	)		(177,009	)		(2,082,326	)
Non-deductible expenses		323,638			2,513,924			4,613,617			316,177
Income tax exemption and rebate		(1,351	)		(10,500	)		(30,000	)		(42,000	)
Tax effect of deductible temporary differences not recognized		171,424			1,331,573			4,213,670			512,372
Utilisation of previously unrecognised tax losses		(50,855	)		(395,030	)		(1,052,220	)		(936,952	)
(Over)/ under provision for previous year		(1,278	)		(9,923	)		(1,049	)		48,364
Difference in tax rate in different countries		743			5,775			-			5,176
Tax losses not recognised		599,105			4,653,661			5,146,140			431,755
Others		-			-			(36,435	)		1,017

Tax charge at the group’s effective rate		349,358			2,713,707			7,657,988			4,380,349