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v3.26.1

SEGMENT INFORMATION | 12 Months Ended
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Mar. 31, 2026
SEGMENT INFORMATION |
| 29. | SEGMENT INFORMATION
Schedule of segment information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the year ended March 31, 2024 |
|  | Security related service and asset management income |  |  | Trading of timepieces |  |  | Corporate |  |  | Eliminations |  |  | Total |
|  |  | HK$’000 |  |  |  | HK$’000 |  |  |  | HK$’000 |  |  |  | HK$’000 |  |  |  | HK$’000 |
Revenue |  |  | 19,560 |  |  |  | 13,288 |  |  |  | - |  |  |  | - |  |  |  | 32,848 |
Cost of revenue |  |  | (2,585 | ) |  |  | (12,493 | ) |  |  | - |  |  |  | - |  |  |  | (15,078 | )
Other income |  |  | 1 |  |  |  | - |  |  |  | 2,000 |  |  |  | (2,000 | ) |  |  | 1 |
Impairment loss on trade and other receivables, net of reversal |  |  | (830 | ) |  |  | (33 | ) |  |  | - |  |  |  | - |  |  |  | (863 | )
Administrative expenses |  |  | (5,278 | ) |  |  | (73 | ) |  |  | (1,622 | ) |  |  | 2,000 |  |  |  | (4,973 | )
Finance costs |  |  | 243 |  |  |  | 86 |  |  |  | (968 | ) |  |  | - |  |  |  | (639 | )
Profit/(loss) before tax |  |  | 11,111 |  |  |  | 775 |  |  |  | (590 | ) |  |  | - |  |  |  | 11,296 |
|  | For the year ended March 31, 2025 |
|  | Security related service and asset management income |  |  | Trading of timepieces |  |  | Corporate |  |  | Eliminations |  |  | Total |
|  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |
Revenue |  |  | 20,884 |  |  |  | 32,873 |  |  |  | - |  |  |  | - |  |  |  | 53,757 |
Cost of revenue |  |  | (1,947 | ) |  |  | (31,887 | ) |  |  | - |  |  |  | - |  |  |  | (33,834 | )
Other income |  |  | 167 |  |  |  | 332 |  |  |  | 25 |  |  |  | (498 | ) |  |  | 26 |
Impairment loss on trade and other receivables, net of reversal |  |  | 21,755 |  |  |  | (22,085 | ) |  |  | - |  |  |  | - |  |  |  | (330 | )
Administrative expenses |  |  | (2,810 | ) |  |  | (787 | ) |  |  | (2,948 | ) |  |  | 498 |  |  |  | (6,047 | )
Finance costs |  |  | 142 |  |  |  | 194 |  |  |  | (619 | ) |  |  | - |  |  |  | (283 | )
Profit/(loss) before tax |  |  | 38,191 |  |  |  | (21,360 | ) |  |  | (3,542 | ) |  |  | - |  |  |  | 13,289 |
Total assets |  |  | 144,622 |  |  |  | 48,138 |  |  |  | 47,642 |  |  |  | (128,122 | ) |  |  | 112,280 |
Total liabilities |  |  | (65,445 | ) |  |  | (71,939 | ) |  |  | (18,495 | ) |  |  | 82,102 |  |  |  | (73,777 | )
|  | For the year ended March 31, 2026 |
|  | Security related service and asset management income |  |  | Trading of timepieces |  |  | Corporate |  |  | Elimination |  |  | Total |
|  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |  |  | HK$’000 |
Revenue |  |  | 14,678 |  |  |  | 47,381 |  |  |  | - |  |  |  | - |  |  |  | 62,059 |
Cost of revenue |  |  | (1,509 | ) |  |  | (44,453 | ) |  |  | - |  |  |  | - |  |  |  | (45,962 | )
Other income |  |  | 1,096 |  |  |  | - |  |  |  | - |  |  |  | (1,096 | ) |  |  | - |
Other gains and losses |  |  | - |  |  |  | - |  |  |  | 9,721 |  |  |  | - |  |  |  | 9,721 |
Impairment loss on trade and other receivables, net of reversal |  |  | (3,492 | ) |  |  | (6,749 | ) |  |  | (44 | ) |  |  | - |  |  |  | (10,285 | )
Administrative expenses |  |  | (1,617 | ) |  |  | (1,960 | ) |  |  | (478 | ) |  |  | 1,096 |  |  |  | (2,959 | )
Finance costs |  |  | 155 |  |  |  | 268 |  |  |  | (630 | ) |  |  | - |  |  |  | (207 | )
Profit/(loss) before tax |  |  | 9,311 |  |  |  | (5,513 | ) |  |  | 8,569 |  |  |  | - |  |  |  | 12,367 |
Total assets |  |  | 44,017 |  |  |  | 30,597 |  |  |  | 67,212 |  |  |  | (42,806 | ) |  |  | 99,020 |
Total liabilities |  |  | (6,832 | ) |  |  | (4,669 | ) |  |  | (1,098 | ) |  |  | - |  |  |  | 12,599 |
The Group uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the management for making decisions, allocating resources and assessing performance. The Group has two reportable segments: (i) security related service and asset management; and (ii) trading of timepieces. Segments were identified based on the Group’s internal reporting and how the chief operating decision maker (“CODM”) assesses the performance of the business.
| - | The security related service and asset management segment generated (i) commission and handling income by offering securities dealing and brokerage services, securities underwriting and placing services, IPO subscription and other financing services; (ii) income when the advisory services were provided, or the relevant services have been rendered; and (iii) asset management fee by providing asset management services.
| - | The trading of timepieces segment generated income at the point the customers purchased the watches from the Group.
All assets of the Group are located in Hong Kong and all revenues are all generated in Hong Kong.

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- Definition The description of the entity's material accounting policy information for segment reporting. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 117 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_117&doctype=Standard -URIDate 2025-03-27 + Details
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