KK Culture Holdings Limited
(continued in Bermuda with limited liability 於百慕達繼續經營之有限公司)
(Stock Code 股份代號：550)
KK文化控股有限公司
Interim Report
2020
中期報告
二零二零年中期報告 KK 文化控股有限公司 1
Contents
目錄
Management Discussion and Analysis 管理層討論與分析 2
Condensed Consolidated Statement of Profit or Loss and 簡明綜合損益及其他全面收益表 9
Other Comprehensive Income
Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 11
Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表 13
Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表 15
Notes to the Condensed Consolidated Financial Statements 簡明綜合財務報表附註 16
Other Disclosures 其他披露 38
Corporate Information 公司資料 43
KK Culture Holdings Limited Interim Report 20202
Management Discussion and Analysis
管理層討論與分析
BUSINESS REVIEW
The first half year 2020 was an extremely difficult time for almost
all of the businesses in Hong Kong and even the whole world due
to the outbreak of the COVID-19. The event and the impact is
unprecedented due to its highly contagious characteristic and speedy
widespread, although the mortality rate is lower than SARS in 2003.
All physical businesses have been substantially disrupted to different
extents since early February. When confirmed cases began to subside
in the middle of the first half of the financial year, we organised
a job fair and received some positive feedback from some of our
customers by placing recruitment advertisement at our magazine.
While people considered the pandemic in Hong Kong was coming to
an end, the third wave of the pandemic has stroke Hong Kong again
shortly after the period end. Medical experts hold the common view
that this was the result of Hong Kong refusing a complete lockdown
which has further sent Hong Kong economy to a more disastrous
situation. Businesses are again forced to suspend which have created
grave pressure on Hong Kong’s labour market as evidenced by
enterprises having stopped recruiting or even downsizing, leading to
the unemployment rate in Hong Kong rose significantly from % in
January 2020 to a decade-high of % in June 2020 and the figure
keeps rising subsequently. Our previous efforts to boost revenue were
wiped out. The increasing tension between China and the United
States, however, has become less material. As a result, income from
the Group’s recruitment advertising business and the Group’s financial
results has been inevitably adversely affected. In order to cope with
the downside, the Company exercised stringent cost control measures
and tighten the operating expenses.
PROSPECT
With the lesson learnt from SARS in 2003, entrepreneurs in Hong
Kong are quick to respond to the pandemic. It is not clear when it will
end but we are optimistic that with the strong will to combat the virus
by Hong Kong people, the contagion will go down soon. By then, we
expect that there will be a rebound of Hong Kong economy not long
after and our Recruit business will recover some lost ground.
Also, as mentioned in our 2019 annual report, the Recruit business
has focused more on digital over print and develop our digital business
by adopting “offline to online” strategy to increase its efficiency and
marketing power while business-related cost can be reduced.
業務回顧
由於爆發2019冠狀病毒病，二零二零年上半年對
全香港（甚至是全世界）絕大部分企業來說，都是
極其艱難的時期。雖然死亡率較二零零三年的沙士
低，但病毒屬高度傳染性且傳播迅速，因此疫情與
其產生的影響都是前所未見。自二月初以來，所
有實體商業活動均受到重大影響，儘管程度有所
不同。在財政年度上半年中段確診個案數字開始
回落時，我們舉辦了一場招聘會，不少客戶反應良
好，繼而在我們雜誌上刊登招聘廣告。當市民以為
疫情已告一段落之際，第三波疫情於報告期後不久
再度襲港。醫學專家普遍認為，第三波疫情之所以
爆發，是香港拒絕全面封關所致，導致香港經濟陷
入更大困境。多類商業活動被迫再度暫停，對香港
的勞動市場造成重大壓力，當中不少企業暫停招聘
甚至裁員，令香港的失業率由二零二零年一月的
%飆升至二零二零年六月的%，是近十年新
高，而往後的數字仍不斷攀升。我們先前為增加收
益所作的努力因而付諸流水。不過，愈趨緊張的中
美關係造成的影響相對較少。因此，本集團來自招
聘廣告業務的收入及本集團的財務業績無可避免受
到影響。為應付各種不利因素，本集團已實施嚴格
的成本控制措施及收緊營運開支。
前景
經過二零零三年沙士一役，香港商家早已汲取教
訓，因此在今次疫情中快速應變。雖然疫情何時完
結仍屬未知之數，但我們有信心，只要香港人齊心
抗疫，疫情會很快消退。我們預期屆時香港經濟會
迅速反彈，而我們的招聘業務亦可收復失地。
另外，正如二零一九年年報所述，我們的招聘業務
已將重心從印刷轉為數碼化，採用「從線下至線上」
策略發展數碼化業務，從而加強效率與營銷力並降
低業務相關成本。
二零二零年中期報告 KK 文化控股有限公司 3
Management Discussion and Analysis
管理層討論與分析
Moreover, after the pandemic, we believe that Hong Kong people,
especially from middle to high net worth class, are more aware of their
health. Shortly after the reporting period, our Group has commenced
a new business in order to grasp this business opportunity. We provide
various services to the public including not only COVID-19 testing
but also hormone testing, genetic testing and sports testing. Follow-
up services are also provided by Hong Kong licenced doctors and
qualified dieticians to provide professional analysis and advice based
on the test results. The Company has earned more than HK$1 million
in around one month shortly after the business is commenced. Our
clienteles consist of sizable companies, listed and private, well known
enterprises from different industries as well as government-funded
institutes. We believe this new business is a viable long-term business
which can contribute significant revenue to the Group.
The Directors will continue to explore and/or make selective
investment whether the Group see the biggest structural opportunities
for growth. It is anticipated that apart from the healthcare industry,
the market for information technology solutions is driven primarily by
the rising incidence of COVID-19, the increasing use of big data and
the need to curtail escalating information technologies costs. Taking
this as an opportunity, the Directors are in the course of exploring the
possibility to commence business in this area by leveraging on the
Group’s technology knowhow, identifying new trends, opportunities
and building relationships with key players in the information
technology industry.
While it remains uncertain as to when the COVID-19 epidemic
will end and the Hong Kong economy can fully recover, the Board
will continue to monitor and assess the situation with respect to
COVID-19, and remain committed to mitigate any adverse risk
or impact COVID-19 may have on the operating and financial
performance of the Group.
The Group is also planning to engage business in China to diversify
the geographical risk. Appropriate disclosure will be made in due
course.
此外，我們相信在疫情過後，香港人（尤其是中產
及富裕階層）會更為注重健康。為把握這個商機，
本集團已於報告期後不久開展新業務。我們為市民
提供各種服務，除2019冠狀病毒病測試外，還包
括荷爾蒙測試、基因測試及運動測試。香港註冊醫
生及合資格營養師會提供跟進服務，根據測試結果
作出專業分析及建議。本公司於新業務開展後約一
個月，已從中賺取超過1,000,000港元。我們的客
戶包括大型上市及私人公司、各行各業的知名企業
以及政府資助機構。我們相信新業務屬大有可為的
長期業務，能為本集團帶來可觀收益。
當本集團看到有助增長的巨大結構性機會時，董事
將繼續探索並╱或作出選擇性投資。預期除醫療保
健行業外，資訊科技解決方案的市場亦受2019冠
狀病毒病個案持續上升、大數據使用量增加以及降
低不斷上升的資訊科技成本的需求所帶動。董事以
此為契機，正在利用本集團的技術知識發掘新趨勢
與機遇，並與資訊科技龍頭建立關係，從而探索在
這個領域開展業務的可能性。
疫情何時結束，香港經濟能否全面復蘇，仍屬未知
之數，但董事會將繼續監察與評估疫情，並致力減
低疫情可能對本集團經營及財務表現造成的任何不
利風險或影響。
本集團亦計劃在中國開展業務以分散地域風險。我
們會在適當時候進行適當披露。
KK Culture Holdings Limited Interim Report 20204
Management Discussion and Analysis
管理層討論與分析
財務回顧
於截至二零二零年六月三十日止六個月，本集
團錄得收益約為 8,400,000港元（二零一九年：
35,000,000港元），減少約 26,600,000港元或
%。營業額減少主要由於爆發COVID-19疫情
導致勞動市場持保守態度，以致客戶減少刊登招聘
廣告。
銷售及分銷成本由二零一九年上半年約11,300,000
港元減少至二零二零年上半年約7,400,000港元。
截至二零二零年六月三十日止六個月，本集團錄得
約12,200,000港元（二零一九年：31,200,000港元）
之行政開支，減少19,000,000港元或%。此
乃由於鐵路媒體業務已於二零一九年上半年出售，
故並無有關其他無形資產非現金攤銷開支所致。
截至二零一九年六月三十日止六個月，由於在二零
二零年並無出售鐵路媒體業務，本集團錄得出售的
一次性虧損約8,500,000港元。
所得稅抵免約為148,000港元（二零一九年：所得
稅開支628,000港元），主要由於期內對於集團內
公司所衍生之應課稅溢利減少所致。
FINANCIAL REVIEW
For the six months ended 30 June 2020, the Group recorded revenue
of approximately HK$ million (2019: HK$ million) representing
a decrease of approximately HK$ million or %. The decrease
in turnover was mainly due to the outbreak of the COVID-19
pandemic, driving labour market to be conservative which led to a fall
in customers placing recruitment advertisement.
Selling and distribution costs decreased from approximately HK$
million in the first half of 2019 to approximately HK$ million in the
first half of 2020.
For the six months ended 30 June 2020, the Group recorded
approximately HK$ mil l ion (2019: HK$ mil l ion) of
administrative expenses, representing a decrease of HK$
million or %. It is attributable to the absence of the non-cash
amortization expenses of other intangible assets relating to the train
media business which was disposed of in the first half of 2019.
For the six months ended 30 June 2019, the Group recorded a one-off
loss on disposal of approximately HK$ million due to the disposal
of the train media business which did not occur in 2020.
Income tax credit of approximately HK$148,000 (2019: income tax
expense of HK$628,000), was mainly attributable to the decrease in
taxable profit derived from the group companies during the period.
二零二零年中期報告 KK 文化控股有限公司 5
Management Discussion and Analysis
管理層討論與分析
As a result of the above, for the six months ended 30 June 2020,
the Group recorded a net loss of approximately HK$ million,
compared with a net loss of approximately HK$ million for the
same period last year.
LIQUIDITY AND FINANCIAL RESOURCES
As at 30 June 2020, the Group had net current assets of approximately
HK$ million (31 December 2019: HK$ million). The Group’s
current ratio was approximately (31 December 2019: ) while
the Group’s net assets was approximately HK$ million compared
with those of approximately HK$ million as at 31 December
2019. Total cash and bank deposits was approximately HK$
million (31 December 2019: HK$ million).
The Group generally finance its operations mainly with internally
generated cashflow. The Group’s gearing ratio as at 30 June 2020 was
(31 December 2019: ), which is calculated on the basis of
the Group’s total interest bearing debts over the total equity interest.
Total other borrowing as at both 30 June 2020 and 31 December
2019 was approximately HK$ million. There was no bank loan as
at 30 June 2020 and 31 December 2019.
The Group adopts centralised financing and treasury policies in order
to ensure the Group’s funding is utilised efficiently. Conservative
approach is adopted on monitoring foreign exchange exposure and
interest rate risk. Forward contracts were used to hedge the foreign
currency exposure in trading and capital expenditure when it was
considered appropriate.
因此，於截至二零二零年六月三十日止六個月，本
集團錄得虧損淨額約14,300,000港元，而去年同
期則錄得虧損淨額約20,600,000港元。
流動資金及財政資源
於二零二零年六月三十日，本集團之流動資產淨
額約為92,400,000港元（二零一九年十二月三十一
日：111,400,000港元）。本集團之流動比率約為
（二零一九年十二月三十一日：），本集團
的資產淨值約為149,800,000港元，而於二零一九
年十二月三十一日則約為173,400,000港元。現金
及銀行存款總額約為98,500,000港元（二零一九年
十二月三十一日：100,200,000港元）。
本集團一般主要以內部產生的現金流撥付其營運。
本集團於二零二零年六月三十日的資本負債比率
為（二零一九年十二月三十一日：），此
乃根據本集團之計息債務總額除以股東權益總額而
計算。於二零二零年六月三十日及二零一九年十二
月三十一日，其他借貸總額均為約5,800,000港
元。於二零二零年六月三十日及二零一九年十二月
三十一日，本集團概無銀行貸款。
本集團採納集中的融資及庫務政策，確保有效運用
本集團資金。本集團以穩健的態度監控外匯風險及
利率風險，並於適當時使用遠期合約對沖其於買賣
活動及資本開支中的外匯風險。
KK Culture Holdings Limited Interim Report 20206
Management Discussion and Analysis
管理層討論與分析
INVESTMENTS IN SECURITIES
As at 30 June 2020, the Company has invested in two securities. The
details of, the breakdown and the movement of which during the
period is summarised below:
% to the % to the
Group’s net Group’s total
Fair value assets as at assets as at
% of At 1 January changed At 30 June 30 June 30 June
Principal business No. of share shareholding 2020 during the year 2020 2020 2020
於二零二零年 於二零二零年
六月三十日 六月三十日
於二零二零年 年內之 於二零二零年 佔本集團 佔本集團
主要業務 股份數目 股權% 一月一日 公平價值變動 六月三十日 資產淨值％ 總資產％
HK$ HK$ HK$
港元 港元 港元
Listed equity securities –
Hong Kong
上市股本證券 – 香港
Kingkey Financial international (i) securities brokerage; 115,740,000 % 44,559,900 (9,259,200) 35,300,700 % %
(Holdings) Limited (HK: 1468) #* (ii) wealth management;
and (iii) other financial
services, mink farming and
trading of mink’s fur skin.
京基金融國際（控股）有限公司 (i) 證券經紀；
(HK:1468) #* (ii) 財富管理；及
(iii) 其他金融服務、
水貂養殖及買賣水貂
毛皮。
China Baoli Technology (i) mobile and multi-media 57,916,665 % 5,555,646 – 5,555,646 % %
(Holdings) Limited technologies; (ii) gamma
(HK: 0164) # ray radiation services;
(iii) tourism and hospitality
business; and (iv) train media.
中國寶力科技控股有限公司 (i) 手機及多媒體技術；
(HK: 0164) # (ii) 伽瑪射線照射服務；
(iii) 旅遊及消閒業務；及
(iv) 鐵路媒體。
Total
總值 50,115,546 (9,259,200) 40,856,346 % %
# Included in equity instruments at fair value through other
comprehensive income
* The above listed ordinary shares as a significant investment held by the
Group as at 30 June 2020. The aggregate costs of investment in the
above share was approximately HK$24,996,000.
證券投資
於二零二零年六月三十日，本公司已投資兩項證
券。其詳情、明細及期內變動概述如下：
# 計入按公平價值計入其他全面收益之股本工具
* 上述上市普通股於二零二零年六月三十日由本集
團持有作為重大投資。上述股份投資之總成本為
約24,996,000港元
二零二零年中期報告 KK 文化控股有限公司 7
Management Discussion and Analysis
管理層討論與分析
CAPITAL STRUCTURE
As at 30 June 2020, the total issued shares of the Company (“Shares”)
was 446,614,000 (31 December 2019: 446,614,000 Shares) at
HK$ each.
Fund Raising Activity
On 31 July 2018, the Company entered into a placing agreement
with BaoQiao Partners Capital Limited (“BaoQiao”, the “Placing
Agent”) pursuant to which the Company conditionally agreed to
place, through the Placing Agent, on a best-effort basis, a maximum
of 74,000,000 Shares under the general mandate granted by the
shareholders of the Company at the annual general meeting held on 8
June 2018 to placees who and whose ultimate beneficial owners were
third parties independent of and not connected with the Company
and its connected persons as defined in the Listing Rules at a price
of HK$ per share. The gross and net proceeds raised from the
placing of a total of 74,000,000 Shares were approximately HK$
million and HK$ million respectively where the intended use of
proceeds was for general working capital and future business and
investment opportunities. Set out below is the table summarising (i)
the net proceeds from the Placing; (ii) the intended use of proceeds
from the Placing; (iii) the actual use of proceeds from the Placing as at
30 June 2020; and (iv) the remaining net proceeds from the Placing as
at 30 June 2020.
Actual use of proceeds Remaining net proceeds
Net proceeds Intended use of proceeds from the Placing from the Placing
No. from the Placing from the Placing as at 30 June 2020 as at 30 June 2020
配售事項所得款項於 配售事項於
配售事項所得款項 二零二零年六月三十日 二零二零年六月三十日
號 配售事項所得款項淨額 之擬定用途 之實際用途 之餘下所得款項淨額
(i) Approximately HK$10 million For general working capital in Fully utilized by the Group for Fully utilized by the Group for
the daily operation of the Group general working capital in the general working capital in the
daily operation daily operation
(i) 約10,000,000港元 用於本集團日常營運中之 本集團已全數動用作日常營運中 本集團已全數動用作日常營運中
一般營運資金 之一般營運資金 之一般營運資金
(ii) Approximately HK$93 million For any potential investment Not yet utilized by the Group Approximately HK$93 million
opportunities as identified and is expected to be utilized
by the Group when a suitable investment
opportunity is identified by
the Group
(ii) 約93,000,000港元 用於本集團物色到之 本集團尚未動用 約93,000,000港元，預期於本集團
任何潛在投資機會 物色到合適投資機會時動用
Total Approximately
HK$103 million
總計 約103,000,000港元
資本架構
於二零二零年六月三十日，本公司之已發行股份
（「股份」）總數為446,614,000股（二零一九年十二
月三十一日：446,614,000股股份），每股面值為
港元。
集資活動
於二零一八年七月三十一日，本公司與寶橋融資有
限公司（「寶橋」，即「配售代理」）訂立配售協議，
據此，本公司已有條件同意，根據本公司股東於二
零一八年六月八日舉行之股東週年大會授出之一般
授權，透過配售代理以每股港元之價格按竭
盡所能基準向承配人配售最多74,000,000股股份。
該等承配人及其最終實益擁有人為獨立於本公司及
其關連人士（定義見上市規則）之第三方，且與彼
等概無關連。配售合共74,000,000股股份之所得
款項總額及所得款項淨額分別為約103,600,000港
元及103,000,000港元，該等所得款項之擬定用途
為一般營運資金及未來業務與投資機遇。下表概述
(i)配售事項所得款項淨額；(ii)配售事項所得款項之
擬定用途；(iii)配售事項所得款項於二零二零年六
月三十日之實際用途；及 (iv)配售事項於二零二零
年六月三十日之餘下所得款項淨額。
KK Culture Holdings Limited Interim Report 20208
Management Discussion and Analysis
管理層討論與分析
As at 30 June 2020, the Group has not identified any suitable
investment in line with the business strategies of the Group and it will
continue to identify any further potential investment opportunities.
Detailed schedule depends on the overall economic conditions, the
development of the Company and market situation.
There was no material change in the intended use of proceeds from
the Placing as at 30 June 2020.
Save as disclosed above, there was no fund raising activity taken place
during the six months ended 30 June 2020.
CAPITAL COMMITMENTS AND CONTINGENT
LIABILITY
As at 30 June 2020, the Group had no signif icant capital
commitments (31 December 2019: nil). The Group had no significant
contingent liabilities as at 30 June 2020 (31 December 2019: nil).
MATERIAL ACQUISITION AND DISPOSAL OF
SUBSIDIARIES
Save as disclosed, the Group did not have any material acquisition or
disposal of subsidiaries during the six months ended 30 June 2020.
FUTURE PLANS FOR MATERIAL INVESTMENTS IN
CAPITAL ASSETS
As at 30 June 2020, the Company had no plan for material
investments in capital assets.
CHARGE ON GROUP ASSETS
As at 30 June 2020, there was no charge on Group assets.
於二零二零年六月三十日，本集團尚無物色到任何
符合本集團商業策略之適合投資項目，本集團將繼
續物色任何其他潛在投資機會。詳細時間表視乎整
體經濟狀況、本公司之發展及市場狀況而定。
配售事項所得款項之擬定用途於二零二零年六月
三十日並無重大變動。
除上文所披露者外，截至二零二零年六月三十日止
六個月並無進行任何集資活動。
資本承擔及或然負債
於二零二零年六月三十日，本集團並無重大資本承
擔（二零一九年十二月三十一日：無）。本集團於二
零二零年六月三十日並無重大或然負債（二零一九
年十二月三十一日：無）。
有關附屬公司之重大收購及出售
除所披露者外，本集團於截至二零二零年六月三十
日止六個月並無進行任何有關附屬公司之重大收購
或出售。
資本資產之重大投資未來計劃
於二零二零年六月三十日，本公司並無任何資本資
產之重大投資計劃。
集團資產抵押
於二零二零年六月三十日，本集團概無資產抵押。
二零二零年中期報告 KK 文化控股有限公司 9
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income
簡明綜合損益及其他全面收益表
For the six months ended 30 June 2020
截至二零二零年六月三十日止六個月
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
Notes HK$’000 HK$’000
附註 千港元 千港元
(restated)
（重列）
Continuing operations 持續經營業務
Turnover 營業額 6 8,391 30,984
Direct operating costs 直接經營成本 (6,581) (7,207)
Gross profit 毛利 1,810 23,777
Other income 其他收入 3,865 4,552
Selling and distribution costs 銷售及分銷成本 (7,387) (11,280)
Administrative expenses 行政費用 (12,244) (21,762)
Reversal of impairment/(Impairment) 貿易及其他應收款項以及
on trade and other receivables and 應收貸款之減值
loan receivables, net 撥回╱（減值）淨額 104 (95)
Finance costs 財務費用 7 (550) (344)
Loss before income tax from 來自持續經營業務之
continuing operations 除所得稅前虧損 8 (14,402) (5,152)
Income tax credit/(expense) 所得稅抵免╱（開支） 9 148 (628)
Loss for the period from 來自持續經營業務之
continuing operations 本期間虧損 (14,254) (5,780)
Discontinued operations 已終止經營業務
Loss for the period from 來自已終止經營業務之
discontinued operations 本期間虧損 10 – (14,848)
Loss for the period 本期間虧損 (14,254) (20,628)
Other comprehensive income 其他全面收益
Item that will not be reclassified 將不會重新分類至損益之項目：
to profit or loss:
Fair value loss on equity instruments 按公平價值計入其他全面
at fair value through 收益之權益工具
other comprehensive income 之公平價值虧損 (9,259) (5,270)
Other comprehensive income 本期間其他全面收益，
for the period, net of tax 扣除稅項 (9,259) (5,270)
Total comprehensive income 本期間全面收益總額
for the period (23,513) (25,898)
KK Culture Holdings Limited Interim Report 202010
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Continued)
簡明綜合損益及其他全面收益表（續）
For the six months ended 30 June 2020
截至二零二零年六月三十日止六個月
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
Notes HK$’000 HK$’000
附註 千港元 千港元
(restated)
（重列）
Loss for the period attributable to: 以下人士應佔本期間虧損：
Equity shareholders of the Company 本公司權益股東
Loss for the period from continuing 來自持續經營業務
operations 之本期間虧損 (14,254) (5,780)
Loss for the period from discontinued 來自已終止經營業務
operations 之本期間虧損 – (12,322)
Loss for the period attributable to 本公司權益股東應佔
equity shareholders of the 之本期間虧損
Company (14,254) (18,102)
Non-controlling interests 非控股權益
Loss for the period from continuing 來自持續經營業務
operations 之本期間虧損 – –
Loss for the period from discontinued 來自已終止經營業務
operations 之本期間虧損 – (2,526)
Loss for the period attributable to 非控股權益應佔
non-controlling interests 之本期間虧損 – (2,526)
(14,254) (20,628)
Total comprehensive income 以下人士應佔全面收益總額：
attributable to:
Equity shareholders of the Company 本公司權益股東 (23,513) (23,372)
Non-controlling interests 非控股權益 – (2,526)
(23,513) (25,898)
Basic and diluted loss per share 每股基本及攤薄虧損
– from continuing operations – 來自持續經營業務 11(b) ( cents 港仙 ) ( cents 港仙 )
– from discontinued operations – 來自已終止經營業務 11(c) – ( cents 港仙 )
– from continuing and 來自持續經營業務及已
discontinued operations 終止經營業務 11(a) ( cents 港仙 ) ( cents 港仙 )
二零二零年中期報告 KK 文化控股有限公司 11
Condensed Consolidated Statement of Financial Position
簡明綜合財務狀況表
As at 30 June 2020
於二零二零年六月三十日
At 30 June At 31 December
2020 2019
於二零二零年 於二零一九年
六月三十日 十二月三十一日
(Unaudited) (Audited)
（未經審核） （經審核）
Notes HK$’000 HK$’000
附註 千港元 千港元
ASSETS AND LIABILITIES 資產與負債
Non-current assets 非流動資產
Property, plant and equipment 物業、廠房及設備 12 294 3,441
Right-of-use assets 使用權資產 5,654 10,712
Equity instruments at fair value through 按公平價值計入其他全面
other comprehensive income 收益之權益工具 40,856 50,115
Loan receivables 應收貸款 11,407 –
58,211 64,268
Current assets 流動資產
Trade receivables 貿易應收款項 13 1,945 4,254
Other receivables, deposits 其他應收款項、押金
and prepayments 及預付款 13 13,897 13,142
Tax recoverable 可收回稅項 692 813
Loan receivables 應收貸款 1,850 14,051
Cash and cash equivalents 現金及現金等值項目 98,484 100,177
116,868 132,437
Current liabilities 流動負債
Contract liabilities 合約負債 987 788
Other payables and accruals 其他應付款項及應計開支 14,730 6,661
Amounts due to a director 應付一名董事款項 1,093 1,093
Other borrowing 其他借貸 5,760 5,760
Current portion of lease liabilities 租賃負債之即期部份 1,933 6,592
Provision for taxation 稅項撥備 – 155
24,503 21,049
KK Culture Holdings Limited Interim Report 202012
Condensed Consolidated Statement of Financial Position (Continued)
簡明綜合財務狀況表（續）
As at 30 June 2020
於二零二零年六月三十日
At 30 June At 31 December
2020 2019
於二零二零年 於二零一九年
六月三十日 十二月三十一日
(Unaudited) (Audited)
（未經審核） （經審核）
Notes HK$’000 HK$’000
附註 千港元 千港元
Net current assets 流動資產淨值 92,365 111,388
Total assets less current liabilities 總資產減流動負債 150,576 175,656
Non-current liabilities 非流動負債
Non-current portion of lease liabilities 租賃負債之非即期部份 735 2,302
735 2,302
Net assets 資產淨值 149,841 173,354
EQUITY 權益
Share capital 股本 14 89,323 89,323
Reserves 儲備 60,518 84,031
Total equity 權益總額 149,841 173,354
二零二零年中期報告 KK 文化控股有限公司 13
Condensed Consolidated Statement of Cash Flows
簡明綜合現金流量表
For the six months ended 30 June 2020
截至二零二零年六月三十日止六個月
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(restated)
（重列）
Net cash used in operating activities 經營業務所用現金淨額 (128) (1,619)
Investing activities 投資業務
Interest received 已收利息 876 364
Proceed from disposal 出售投資物業之所得款項
of investment property – 10,896
Repayment of loan receivables 償還應收貸款 1,000 –
Net cash outflow on disposal 出售附屬公司之現金流出淨額
of subsidiaries – (107)
Payment of licenses fee payables 支付應付特許權費 – (14,910)
Net cash generated from/(used in) 投資業務所得╱（所用）現金淨額
investing activities 1,876 (3,757)
Financing activities 融資業務
Bank and other borrowings raised 籌集銀行及其他借貸 – 14,560
Interest on bank and 已付銀行及其他借貸利息
other borrowings paid (437) (346)
Repayment of principal portion 償還租賃負債之本金部份
of lease liabilities (2,891) (4,571)
Interest paid on lease liabilities 已付租賃負債利息 (113) (344)
Decrease in amounts 應付一名董事款項減少
due to a director – (2,500)
Net cash (used in)/generated 融資業務（所用）╱所得現金淨額
from financing activities (3,441) 6,799
KK Culture Holdings Limited Interim Report 202014
Condensed Consolidated Statement of Cash Flows (Continued)
簡明綜合現金流量表（續）
For the six months ended 30 June 2020
截至二零二零年六月三十日止六個月
(Unaudited)
（未經審核）
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
HK$’000 HK$’000
千港元 千港元
(Restated)
（重列）
Net (decrease)/increase in cash and 現金及現金等值項目（減少）╱
cash equivalents 增加淨額 (1,693) 1,423
Cash and cash equivalents 期初現金及現金等值項目
at the beginning of the period 100,177 109,500
Cash and cash equivalents 期末現金及現金等值項目
at the end of the period 98,484 110,923
Analysis of balances of cash and 現金及現金等值項目結餘分析
cash equivalents
Bank and cash balances 銀行及現金結餘 98,484 110,923
MAJOR NON-CASH TRANSACTION
For the six months ended 30 June 2019, the Group disposed its
entire interests in subsidiaries (note 18) by entering into the equity
sales and purchase agreement. The consideration of the disposal was
satisfied by the issuance of shares of the purchaser in three tranches.
The Group received the first tranche at fair value of approximately
HK$9,846,000 on 6 June 2019.
重大非現金交易
截至二零一九年六月三十日止六個月，本集團透過
訂立股權買賣協議將其於數間附屬公司的全部權益
出售（附註18）。出售代價以分三批發行買方股份
之方式支付。本集團於二零一九年六月六日收到第
一批股份，公平價值約為9,846,000港元。
二零二零年中期報告 KK 文化控股有限公司 15
Condensed Consolidated Statement of Changes in Equity
簡明綜合權益變動表
For the six months ended 30 June 2020
截至二零二零年六月三十日止六個月
Non-
controlling Total
Attributable to equity shareholders of the Company interests equity
歸屬於本公司權益股東 非控股權益 權益合計
Investment Employee
Share Share revaluation compensation Merger Contributed Accumulated
capital premium reserve reserve reserve surplus loss Total
股本 股份溢價 投資重估儲備 僱員賠償儲備 合併儲備 繳入盈餘 累計虧損 合計
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元
Balance at 1 January 2020 於二零二零年一月一日
(Audited) 之結餘（經審核） 89,323 162,310 15,273 – (43,897) 95,402 (145,057) 173,354 – 173,354
Loss for the period 本期間虧損 – – – – – – (14,254) (14,254) – (14,254)
Other comprehensive income: 其他全面收益：
Change in fair value on equity 按公平價值計入其他全面
instruments at fair value 收益之權益工具
through other comprehensive 之公平價值變動
income – – (9,259) – – – – (9,259) – (9,259)
Total comprehensive income 本期間全面收益總額
for the period – – (9,259) – – – (14,254) (23,513) – (23,513)
Balance at 30 June 2020 於二零二零年六月三十日
(Unaudited) 之結餘（未經審核） 89,323 162,310 6,014 – (43,897) 95,402 (159,311) 149,841 – 149,841
Non-
controlling Total
Attributable to equity shareholders of the Company interests equity
歸屬於本公司權益股東 非控股權益 權益合計
Investment Employee
Share Share revaluation compensation Merger Contributed Accumulated
capital premium reserve reserve reserve surplus loss Total
股本 股份溢價 投資重估儲備 僱員賠償儲備 合併儲備 繳入盈餘 累計虧損 合計
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元
Balance at 1 January 2019 於二零一九年一月一日
(Audited) 之結餘（經審核） 89,323 162,310 1,856 1,991 (43,897) 95,402 (113,271) 193,714 (21,821) 171,893
Lapsed of share options 購股權失效 – – – (1,991) – – 1,991 – – –
Disposal of subsidiaries 出售附屬公司 – – – – – – – – 24,347 24,347
Transactions with equity 與權益股東之交易
shareholders – – – (1,991) – – 1,991 – 24,347 24,347
Loss for the period 本期間虧損 – – – – – – (18,102) (18,102) (2,526) (20,628)
Other comprehensive income: 其他全面收益：
Change in fair value on equity 按公平價值計入其他全面
instruments at fair value 收益之權益工具
through other comprehensive 之公平價值變動
income – – (5,270) – – – – (5,270) – (5,270)
Total comprehensive income 本期間全面收益總額
for the period – – (5,270) – – – (18,102) (23,372) (2,526) (25,898)
Balance at 30 June 2019 於二零一九年六月三十日
(Unaudited) 之結餘（未經審核） 89,323 162,310 (3,414) – (43,897) 95,402 (129,382) 170,342 – 170,342
KK Culture Holdings Limited Interim Report 202016
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
1. BASIS OF PREPARATION
The Group’s unaudited condensed consolidated financial
statements for the six months ended 30 June 2020 have
been prepared in accordance with the applicable disclosure
requirements of Appendix 16 of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong
Limited (the “Listing Rules”) and with Hong Kong Accounting
Standard (“HKAS”) 34 “Interim Financial Reporting” issued by
the Hong Kong Institute of Certified Public Accountants (the
“HKICPA”).
The unaudited condensed consolidated interim financial
statements have been prepared under the historical cost
convention, except for equity instruments that are measured
at fair values. The condensed consolidated financial statements
are unaudited but have been reviewed by the Company’s audit
committee.
2. PRINCIPAL ACCOUNTING POLICIES
The accounting policies used in preparing the unaudited
condensed consolidated interim financial statements are
consistent with those used in the annual financial statements
for the year ended 31 December 2019 except for those that
relate to new standards or interpretations effective for the first
time for periods beginning on or after 1 January 2020. Details
of any changes in Hong Kong Financial Reporting Standards
(“HKFRS”) are set out in note 3.
The Group has not early adopted the new HKFRS that have
been issued but are not yet effective. The directors of the
Company are currently assessing the impact of these new
HKFRS but are not yet in a position to state whether they
would have material financial impact on the Group’s results of
operations and financial position.
1. 編製基準
本集團截至二零二零年六月三十日止六個
月之未經審核簡明綜合財務報表乃根據香
港聯合交易所有限公司證券上市規則（「上
市規則」）附錄十六之適用披露規定及香港
會計師公會（「香港會計師公會」）頒佈之香
港會計準則（「香港會計準則」）第34號「中
期財務報告」而編製。
未經審核之簡明綜合中期財務報表乃按照
歷史成本慣例編製，惟權益工具按公平價
值計量。簡明綜合財務報表未經審核，惟
已由本公司之審核委員會審閱。
2. 主要會計政策
除有關於二零二零年一月一日或之後開始
之期間首次生效之新訂立準則或詮釋之會
計政策外，編製未經審核簡明綜合中期財
務報表所採用之會計政策與截至二零一九
年十二月三十一日止年度之全年財務報表
所採用者一致。有關香港財務報告準則
（「香港財務報告準則」）之任何變動詳情載
於附註3。
本集團並無提早採納已頒佈但尚未生效之
新訂立香港財務報告準則。本公司董事現
正評估該等新訂立香港財務報告準則之影
響，惟尚未能斷定有關準則對本集團之營
運業績及財務狀況會否產生重大財務影響。
二零二零年中期報告 KK 文化控股有限公司 17
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
3. CHANGE IN HKFRSs
The HKICPA has issued a number of new or amended HKFRSs
that are first effective for the current accounting period of the
Group:
• Amendments to HKFRS 3: Definition of a Business
• Amendments to HKFRS 7, HKFRS 9 and HKAS 39:
Interest Rate Benchmark Reform
• Amendments to HKAS 1 and HKAS 8: Definition of
Material
• The Conceptual Framework for Financial Reporting
2018
The application of these new or amended HKFRSs did not
result in significant changes to the Group’s accounting policies,
presentation of the Group’s financial statements and amounts
reported for the current period and prior years.
4. USE OF JUDGEMENTS AND ESTIMATES
In preparing this unaudited condensed consolidated interim
financial statements, the significant judgements made by the
management in applying the Group’s accounting policies and
the key sources of estimation uncertainty were the same as
those that applied to 2019 annual financial statements.
3. 會計政策變動
香港會計師公會已頒佈多項於本集團本會
計期間首次生效之新訂立或經修訂香港財
務報告準則：
• 香港財務報告準則第3號之修訂：
「業務之定義」
• 香港財務報告準則第7號、香港財
務報告準則第9號及香港會計準則
第39號之修訂：「利率基準改革」
• 香港會計準則第1號及香港會計準
則第8號之修訂：「重大之定義」
• 二零一八年財務報告概念框架
應用該等新訂立或經修訂香港財務報告準
則並無導致本集團之會計政策、本集團財
務報表之呈列以及就本期間及過往年度呈
報之金額出現重大變動。
4. 運用判斷及估計
於編製本未經審核簡明綜合中期財務報表
時，管理層於應用本集團會計政策時所作
出之重大判斷及估計不確定因素之主要來
源與二零一九年全年財務報表所應用者相
同。
KK Culture Holdings Limited Interim Report 202018
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
5. SEGMENT INFORMATION
The executive director has identified the Group has only
one reportable segment, which the provision of advertising
services.
The Group’s revenue from external customers and its non-
current assets other than financial instruments are divided into
the following geographical areas.
Revenue from external customers
(Continuing operations)
Six months ended 30 June
來自外界客戶之收益
（持續經營業務） Non-current assets
截至六月三十日止六個月 非流動資產
30 June 31 December
2020 2019
2020 2019 二零二零年 二零一九年
二零二零年 二零一九年 六月三十日 十二月三十一日
(Unaudited) (Unaudited) (Unaudited) (Audited)
（未經審核） （未經審核） （未經審核） （經審核）
HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元
(restated)
（重列）
Hong Kong (domicile) 香港（主體所在地） 8,391 30,984 5,948 14,153
Sales by geographical markets are analysed based on the
location of customers and the geographical location of non-
current assets is based the physical location of the assets (for
property, plant and equipment, investment properties and
right-of-use assets).
5. 分部資料
執行董事已劃分本集團僅有一個可呈報分
部，而該唯一分部為提供廣告服務。
本集團來自外界客戶之收益及其非流動資
產（不包括財務工具）劃分為以下地區。
按地區市場劃分之銷售乃根據客戶所在地
而分析，非流動資產之地理位置方面，物
業、廠房及設備、投資物業及使用權資產
乃根據資產之實際所在地而釐定。
二零二零年中期報告 KK 文化控股有限公司 19
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
5. SEGMENT INFORMATION (Continued)
The totals presented for the Group’s operating segments
reconcile to the Group’s key financial figures as presented
in the unaudited condensed consolidated interim financial
statements as follows:
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
HK$’000 HK$’000
千港元 千港元
(restated)
（重列）
Continuing operations 持續經營業務
Reportable segment loss 可呈報分部虧損 (9,844) (1,321)
Unallocated corporate income 未分配企業收入 3,576 4,468
Unallocated corporate expenses* 未分配企業費用* (7,635) (8,128)
Finance costs 財務費用 (499) (171)
Loss before income tax 除所得稅前虧損 (14,402) (5,152)
* Unallocated corporate expenses included staff costs,
depreciation and legal and professional fee.
5. 分部資料（續）
本集團經營分部列示之總額與本集團於未
經審核簡明綜合中期財務報表列示之關鍵
財務數據對賬如下：
* 未分配企業費用包括員工成本、折舊以
及法律及專業費用。
KK Culture Holdings Limited Interim Report 202020
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
5. SEGMENT INFORMATION (Continued)
30 June 31 December
2020 2019
二零二零年 二零一九年
六月三十日 十二月三十一日
(Unaudited) (Audited)
（未經審核） （經審核）
HK$’000 HK$’000
千港元 千港元
Reportable segment assets 可呈報分部資產 22,541 26,470
Property, plant and equipment 物業、廠房及設備 – 3,398
Equity instrument at fair value 按公平價值計入其他全面
through other 收益之股本工具
comprehensive income 40,856 50,115
Right-of-use assets 使用權資產 3,950 5,328
Loan receivables 應收貸款 1,850 2,644
Other receivables, deposits 其他應收款項、押金及預付款
and prepayments 11,773 9,959
Cash and cash equivalents 現金及現金等值項目 93,865 98,674
Other corporate assets 其他企業資產 244 117
Group assets 集團資產 175,079 196,705
Reportable segment liabilities 可呈報分部負債 9,435 8,488
Amounts due to a director 應付一名董事款項 1,093 1,093
Other borrowing 其他借貸 5,760 5,760
Lease liabilities 租賃負債 875 3,400
Other payables and accruals 其他應付款項及應計開支 8,075 4,413
Other corporate liabilities 其他企業負債 – 197
Group liabilities 集團負債 25,238 23,351
5. 分部資料（續）
二零二零年中期報告 KK 文化控股有限公司 21
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
6. TURNOVER
The principal activities of the Group are the provision of
advertising services and property investment.
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
HK$’000 HK$’000
千港元 千港元
(restated)
（重列）
Continuing operations 持續經營業務
Revenue from contracts with 於香港財務報告準則第15號
customers within the scope 範圍內來自客戶合約
of HKFRS 15: 之收益：
Advertising income – Recruitment 廣告收入 – 招聘 8,391 30,823
Revenue from other sources: 來自其他來源之收益：
Rental income 租金收入 – 161
8,391 30,984
Discontinued operations 已終止經營業務
Revenue from contracts with 於香港財務報告準則第15號
customers within the scope 範圍內來自客戶合約
of HKFRS 15: 之收益：
Advertising income – Train media 廣告收入 – 鐵路媒體 – 4,036
8,391 35,020
6. 營業額
本集團之主要業務為提供廣告服務及物業
投資。
KK Culture Holdings Limited Interim Report 202022
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
6. TURNOVER (Continued)
In the following table, revenue is disaggregated by primary
geographical market, major products and service lines and
timing of revenue recognition.
Continuing operations Discontinued operations
持續經營業務 已終止經營業務
Advertising – Recruitment Property investment Total Advertising – Train media Total
Six months ended 30 June Six months ended 30 June Six months ended 30 June Six months ended 30 June Six months ended 30 June
廣告收入 – 招聘 物業投資 合計 廣告收入 – 鐵路媒體 合計
截至六月三十日止六個月 截至六月三十日止六個月 截至六月三十日止六個月 截至六月三十日止六個月 截至六月三十日止六個月
2020 2019 2020 2019 2020 2019 2020 2019 2020 2019
二零二零年 二零一九年 二零二零年 二零一九年 二零二零年 二零一九年 二零二零年 二零一九年 二零二零年 二零一九年
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
（未經審核） （未經審核） （未經審核） （未經審核） （未經審核） （未經審核） （未經審核） （未經審核） （未經審核） （未經審核）
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元 千港元
(restated) (restated) (restated) (restated) (restated)
（重列） （重列） （重列） （重列） （重列）
Primary geographical market 主要地區市場
Hong Kong 香港 8,391 30,823 – 161 8,391 30,984 – – 8,391 30,984
PRC 中國 – – – – – – – 4,036 – 4,036
8,391 30,823 – 161 8,391 30,984 – 4,036 8,391 35,020
Major products/services 主要產品╱服務
Provision of advertising services 提供廣告服務
– Recruitment – 招聘 8,391 30,823 – – 8,391 30,823 – – 8,391 30,823
– Train media – 鐵路媒體 – – – – – – – 4,036 – 4,036
8,391 30,823 – – 8,391 30,823 – 4,036 8,391 34,859
Property rentals 物業租金 – – – 161 – 161 – – – 161
8,391 30,823 – 161 8,391 30,984 – 4,036 8,391 35,020
Timing of revenue recognition 收益確認時間
Transferred over time 在一段時間轉讓 8,391 30,823 – 161 8,391 30,984 – 4,036 8,391 35,020
6. 營業額（續）
於下表，收益按主要地區市場、主要產品
及服務系列以及收益確認時間分拆。
二零二零年中期報告 KK 文化控股有限公司 23
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
7. FINANCE COSTS
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
HK$’000 HK$’000
千港元 千港元
(restated)
（重列）
Continuing operations 持續經營業務
Interest charges on 其他借貸之利息支出，
other borrowing 當中包含須按要求還款
with repayment 之條款
on demand clause 437 –
Interest on lease liabilities 租賃負債利息 113 344
550 344
7. 財務費用
KK Culture Holdings Limited Interim Report 202024
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
8. LOSS BEFORE INCOME TAX
Loss before income tax has been arrived at after charging/
(crediting):
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
HK$’000 HK$’000
千港元 千港元
(restated)
（重列）
Continuing operations 持續經營業務
Depreciation of property, plant 物業、廠房及設備以及
and equipment and 投資物業之折舊
investment properties 414 418
Depreciation of right-of-use 使用權資產之折舊
assets 1,723 4,709
Employee benefit expense 僱員福利開支 7,147 18,430
Exchange losses, net 匯兌虧損淨額 159 1
Gain on disposal of property, 出售物業、廠房及設備之收益
plant and equipment (177) –
Gain on disposal of investment 出售投資物業之收益
property – (1,398)
Short-term lease expenses 短期租賃開支 – 39
Low-value assets leases 低價值資產租賃開支
expenses 11 5
Interest income 利息收入 (939) (364)
Direct operating expenses 產生租金收入之投資物業
arising from investment 之直接經營開支
properties that generated
rental income – 14
8. 除所得稅前虧損
除所得稅前虧損已扣除╱（計入）下列各項：
二零二零年中期報告 KK 文化控股有限公司 25
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
9. INCOME TAX (CREDIT)/EXPENSE
The amount of income tax (credit)/charge to the unaudited
condensed consolidated statement of profit or loss and other
comprehensive income represents:
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
HK$’000 HK$’000
千港元 千港元
(restated)
（重列）
Continuing operations 持續經營業務
Hong Kong profits tax: 香港利得稅：
Current period 本期間 – 628
Over provision in respect 有關過往年度之超額撥備
of prior years (148) –
Income tax (credit)/expense 所得稅（抵免）╱開支 (148) 628
On 21 March 2018, Hong Kong Legislative Council passed
The Inland Revenue (Amendment) (No. 7) Bill 2017 (the “Bill”)
which introduced the two-tiered profits tax rates regime. The
Bill was effective on 28 March 2018. Under the two-tiered
profits tax rates regime, the first HK$2 million of profits of
qualifying corporations is taxed at %, and profits above
HK$2 million is taxed at %. The profits of group entities
in Hong Kong that are not qualifying for the two-tiered profits
tax rates regime continue to be taxed at a flat rate of %.
Accordingly, Hong Kong profits tax is levied at % on the
first HK$2 million of the estimated assessable profits and at
% on those above HK$2 million on a qualified entity
applied two-tiered profit tax rate regime.
8. 所得稅（抵免）╱開支
在未經審核簡明綜合損益及其他全面收益
表中計入之所得稅（抵免）╱開支金額指：
於二零一八年三月二十一日，香港立法會
通過二零一七年稅務（修訂）（第7號）條例
草案（「條例草案」，其引入兩級制利得稅率
制度）。條例草案於二零一八年三月二十八
日生效。根據兩級制利得稅率制度，合資
格公司首2,000,000港元之溢利按%之
稅率課稅，而超過2,000,000港元之溢利會
按%之稅率課稅。不符合兩級制利得
稅率制度資格之香港集團實體之溢利繼續
按%之劃一稅率課稅。
因此，合資格實體採用兩級制利得稅率
制度繳納香港利得稅，首2,000,000港元
之 估 計 應 課 稅 溢 利 按%繳 稅， 而 超
過2,000,000港元之估計應課稅溢利則按
%繳稅。
KK Culture Holdings Limited Interim Report 202026
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
10. DISCONTINUED OPERATIONS
On 29 March 2019, the Group entered into a sale agreement
to dispose of the entire interest in Fullmoon Global Limited and
its subsidiaries (the “Disposal Group”), which was engaged in
provision of advertising services. The disposal was completed
on 6 June 2019, the date on which the control of the Disposal
Group passed to the acquirer.
The operations of the Disposal Group represented the entire
business segment of provision of advertising services in the
People’s Republic of China (the “PRC”) of the Group and
therefore, they were presented as discontinued operations
in 2019 group accounts in accordance with HKFRS 5 “Non-
current Assets Held for Sale and Discontinued Operations”.
The comparative condensed consolidated statement of profit
or loss and other comprehensive income and the relevant
disclosure notes for profit or loss items have been re-presented
as if the operations discontinued had been discontinued at the
beginning of the comparative period.
10. 已終止經營業務
於二零一九年三月二十九日，本集團訂立
一 份 出 售 協 議， 出 售 於Fullmoon Global
Limited及其附屬公司（「出售集團」）之全部
權益，該公司從事廣告服務業務。出售事
項已於二零一九年六月六日完成，出售集
團之控制權已於當日轉交予收購方。
出售集團之業務為本集團在中華人民共和
國（「中國」）提供廣告服務之全部業務分
部，因此，根據香港財務報告準則第5號
「持作銷售之非流動資產及已終止經營業
務」，在二零一九年集團賬戶中列為已終止
經營業務。簡明綜合損益及其他全面收益
表之比較數據以及有關損益項目之相關披
露說明已重新呈列，猶如已終止經營業務
於比較期間之初已終止。
二零二零年中期報告 KK 文化控股有限公司 27
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
10. DISCONTINUED OPERATIONS (Continued)
An analysis of the results and cash flows of the discontinued
operations included in the condensed consolidated statement
of profit or loss and other comprehensive income and the
condensed consolidated statement of cash flows are as
follows:
Six months ended
30 June 2019
截至二零一九年
六月三十日
止六個月
(Unaudited)
（未經審核）
HK$’000
千港元
Turnover 營業額 4,036
Direct operating costs 直接經營成本 –
Gross profit 毛利 4,036
Administrative expenses 行政費用 (9,394)
Finance costs 財務費用 (957)
Loss before income tax from 已終止經營業務之除所得稅前虧損
discontinued operations (6,315)
Income tax expense 所得稅開支 –
Loss after income tax from 已終止經營業務之除所得稅後虧損
discontinued operations (6,315)
Loss on disposal of subsidiaries 出售附屬公司之虧損（附註18）
(Note 18) (8,533)
Loss for the period from 已終止經營業務之本期間虧損
discontinued operations (14,848)
10. 已終止經營業務（續）
對簡明綜合損益及其他全面收益表以及簡
明綜合現金流量表中已終止經營業務之業
績及現金流量之分析如下：
KK Culture Holdings Limited Interim Report 202028
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
10. DISCONTINUED OPERATIONS (Continued)
The net cash flows related to the Disposal Group are as
follows:
Six months ended
30 June 2019
截至二零一九年
六月三十日
止六個月
(Unaudited)
（未經審核）
HK$’000
千港元
Net cash inflows from operating activities 經營活動產生之現金流入淨額 13,800
Net cash outflows from investing activities 投資活動產生之現金流出淨額 (14,298)
Net cash outflow 現金流出淨額 (498)
11. LOSS PER SHARE
(a) For continuing and discontinued operations
The calculation of basic and diluted loss per share
attributable to equity shareholders of the Company is
based on the following data:
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
HK$’000 HK$’000
千港元 千港元
(restated)
（重列）
Loss for the period 本公司權益股東應佔之
attributable to equity 本期間虧損
shareholders of
the Company
Continuing operations 持續經營業務 (14,254) (5,780)
Discontinued operations 已終止經營業務 – (12,322)
(14,254) (18,102)
10. 已終止經營業務（續）
與出售集團相關之現金流量淨額如下：
11. 每股虧損
(a) 就持續經營及已終止經營業務
本公司權益股東應佔之每股基本及
攤薄虧損乃根據以下數據計算：
二零二零年中期報告 KK 文化控股有限公司 29
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
11. LOSS PER SHARE (Continued)
(a) For continuing and discontinued operations
(Continued)
Number of shares
股份數目
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
‘000 ‘000
千股 千股
Weighted average number of 用於計算每股基本虧損之
ordinary shares for the 普通股加權平均數
purpose of basic loss
per share 446,614 446,614
For the six months ended 30 June 2020, basic
and diluted loss per share attributable to equity
shareholders of the Company are the same as the
Company did not have any dilutive equity instruments
throughout the period.
For the six months ended 30 June 2019, diluted loss
per share attributable to equity shareholders of the
Company are the same as basic loss per share as
the impact of the exercise of share options was anti-
dilutive.
(b) For continuing operations
For the six months ended 30 June 2020, the calculation
of basic loss per share from continuing operations is
based on the loss attributable to equity shareholders
of the Company from continuing operations of
HK$14,254,000 (six months ended 30 June 2019:
HK$5,780,000) and the denominators used are the
same as those detailed above for both basic and
diluted earnings per share.
For the six months ended 30 June 2020, basic
and diluted loss per share attributable to equity
shareholders of the Company are the same as the
Company did not have any dilutive equity instruments
throughout the period.
11. 每股虧損（續）
(a) 就持續經營及已終止經營業務（續）
截至二零二零年六月三十日止六個
月，由於本公司於整個期間並無任
何攤薄權益工具，故本公司權益股
東應佔之每股基本及攤薄虧損相同。
截至二零一九年六月三十日止六個
月， 由 於 行 使 購 股 權 具 反 攤 薄 影
響，故本公司權益股東應佔之每股
攤薄虧損與每股基本虧損相同。
(b) 就持續經營業務
截至二零二零年六月三十日止六個
月，持續經營業務每股基本虧損乃
基於持續經營業務中本公司權益股
東應佔虧損14,254,000港元（截至
二零一九年六月三十日止六個月：
5,780,000港元）計算，所使用之分
母與上述每股基本及攤薄盈利所使
用者相同。
截至二零二零年六月三十日止六個
月，由於本公司於整個期間並無任
何攤薄權益工具，故本公司權益股
東應佔之每股基本及攤薄虧損相同。
KK Culture Holdings Limited Interim Report 202030
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
11. LOSS PER SHARE (Continued)
(b) For continuing operations (Continued)
For the six months ended 30 June 2019, diluted loss
per share from continuing operations attributable to
owners of the Company are the same as basic earnings
per share as the impact of the exercise of share options
was anti-dilutive.
(c) For discontinued operations
For the s ix months ended 30 June 2019, the
calculation of basic loss per share from discontinued
operations was based on the loss attributable to equity
shareholders of the Company from discontinued
operations of HK$12,322,000 and the denominators
used were the same as those detailed above for both
basic and diluted earnings per share.
For the six months ended 30 June 2019, diluted loss
per share from discontinued operations attributable to
equity shareholders of the Company are the same as
basic earnings per share as the impact of the exercise
of share options was anti-dilutive.
12. PROPERTY, PLANT AND EQUIPMENT
The movement during the period are:
Property,
plant and
equipment
物業、廠房及設備
HK$’000
千港元
Net book amount as at 1 January 2020 於二零二零年一月一日之賬面淨值
(Audited) （經審核） 3,441
Disposals 出售 (2,733)
Depreciation 折舊 (414)
Net book amount as at 30 June 2020 於二零二零年六月三十日之賬面淨值
(Unaudited) （未經審核） 294
11. 每股虧損（續）
(b) 就持續經營業務（續）
截至二零一九年六月三十日止六個
月， 由 於 行 使 購 股 權 具 反 攤 薄 影
響，本公司擁有人應佔之持續經營
業務每股攤薄虧損與每股基本盈利
相同。
(c) 就已終止經營業務
截至二零一九年六月三十日止六個
月，已終止經營業務每股基本虧損
乃基於已終止經營業務中本公司權
益股東應佔虧損12,322,000港元計
算，所使用之分母與上述每股基本
及攤薄盈利所使用者相同。
截至二零一九年六月三十日止六個
月， 由 於 行 使 購 股 權 具 反 攤 薄 影
響，本公司權益股東應佔之已終止
經營業務每股攤薄虧損與每股基本
盈利相同。
12. 物業、廠房及設備
於本期間之變動如下：
二零二零年中期報告 KK 文化控股有限公司 31
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
13. T R A D E A N D O T H E R R E C E I VA B L E S ,
DEPOSITS AND PREPAYMENTS
The Group allows a credit period from 7 days to 120 days (31
December 2019: 7 days to 120 days) to its trade customers.
Aging analysis of trade receivables as at 30 June 2020, based
on invoice date and net of provisions, is as follows:
30 June 31 December
2020 2019
二零二零年 二零一九年
六月三十日 十二月三十一日
(Unaudited) (Audited)
（未經審核） （經審核）
HK$’000 HK$’000
千港元 千港元
0 – 30 days 0至30天 1,918 3,941
31 – 60 days 31至60天 27 242
61 – 90 days 61至90天 – 37
91 – 120 days 91至120天 – 18
121 – 150 days 121至150天 – 12
Over 150 days 超過150天 – 4
Total trade receivables 貿易應收款項總額 1,945 4,254
Other receivables, deposits 其他應收款項、押金 13,897 13,142
and prepayments 及預付款
15,842 17,396
13. 貿易及其他應收款項、押金以及
預付款
本集團給予其貿易客戶7天至120天（二零
一九年十二月三十一日：7天至120天）之
信貸期。
於二零二零年六月三十日之貿易應收款項
按發票日期及扣除撥備後之賬齡分析如下：
KK Culture Holdings Limited Interim Report 202032
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
14. SHARE CAPITAL
No of shares
股份數目
’000 HK$’000
千股 千港元
Authorised: 法定：
Ordinary shares of HK$ each 每股面值港元之普通股
At 1 January 2019, 於二零一九年一月一日、
31 December 2019, 二零一九年十二月三十一日、
1 January 2020 and 二零二零年一月一日及
30 June 2020 二零二零年六月三十日 5,000,000 1,000,000
Issued and fully paid: 已發行及繳足：
At 1 January 2019, 於二零一九年一月一日、
31 December 2019, 二零一九年十二月三十一日、
1 January 2020 and 二零二零年一月一日及
30 June 2020 二零二零年六月三十日 446,614 89,323
15. DIVIDENDS
No interim dividend was declared in respect of the six months
ended 30 June 2020 and 2019.
16. CAPITAL COMMITMENTS
As at 30 June 2020, there were no capital commitment
contracted but not provided for in respect of the acquisition of
property, plant and equipment (31 December 2019: nil).
14. 股本
15. 股息
截至二零二零年及二零一九年六月三十日
止六個月並無宣派中期股息。
16. 資本承擔
於二零二零年六月三十日，本集團並無就
收購物業、廠房及設備擁有已訂約但未撥
備的資本承擔（二零一九年十二月三十一
日：無）。
二零二零年中期報告 KK 文化控股有限公司 33
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
17. RELATED PARTY TRANSACTIONS
a) Related party transactions
Transactions between the Company and its subsidiaries,
which are related parties of the Company, have been
eliminated on consolidation and are not disclosed in
this note. Save as disclosed elsewhere in the unaudited
condensed consolidated interim financial statements,
details of significant transactions between the Group
and other related parties for the six months ended 30
June 2020 are disclosed as follows:
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
Notes HK$’000 HK$’000
附註 千港元 千港元
Licenses fee income 已收一間有關連公司
received from 之特許權費收入
a related company (i) 2,610 2,750
Gain on disposal of 向一間有關連公司出售
property, plant and 物業、廠房及設備之收益
equipment to
a related company (ii) 177 –
17. 有關連人士交易
a) 有關連人士交易
本公司與屬本公司有關連人士之附
屬公司之交易已於綜合賬目時對
銷，且並無於本附註內披露。除未
經審核之簡明綜合中期財務報表其
他部份披露者外，本集團與其他有
關連人士於截至二零二零年六月
三十日止六個月進行之重大交易詳
情披露如下：
KK Culture Holdings Limited Interim Report 202034
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
17. RELATED PARTY TRANSACTIONS (Continued)
a) Related party transactions (Continued)
Notes:
(i) On 24 January 2019, the Company entered into a
licensing agreement (the “Licence Agreement”) with
Kingkey Enterprise Hong Kong Limited (“Kingkey
Enterprise”) (as Licensors) and UKF Management
Limited (currently Known as “Kingkey Management
Limited”) (“KKM”) (as Licensee), a wholly owned
subsidiary of UKF (Holdings) Limited (currently
known as “Kingkey Financial International (Holdings)
Limited”) (“KKFI”), the issued shares of which
are primary listed on the Main Board of the Stock
Exchange (Stock Code: 1468), where the Licensors
agreed to lease certain areas of the office premises
of 44/F, Office Tower, Convention Plaza, 1 Harbour
Road, Wan Chai, Hong Kong to Licensee for the
period from 24 January 2019 to 15 May 2020 (both
days inclusive), at a monthly rent HK$580,000. As
Kingkey Enterprise is wholly-owned by Mr. Chen
Jiajun, substantial shareholder of the Company,
holding % interest of the Company and
also a substantial shareholder of KKFI, therefore
Kingkey Enterprise and UKF are related parties of the
Company. Leasing income was charged at the market
rate at the date when the Licence Agreement was
entered.
(ii) During the six months ended 30 June 2020, the
Company disposed certain property, plant and
equipment to KKM, a wholly owned subsidiary of
KKFI with a consideration of HK$2,910,000. The
consideration was determined by an arms-length
negotiation with reference to the net book value of
the property, plant and equipment on the contract
date.
17. 有關連人士交易（續）
a) 有關連人士交易（續）
附註：
(i) 於二零一九年一月二十四日，本
公司與京基實業香港有限公司
（「京基實業」）（作為特許人）及英
裘企業管理有限公司（現稱「京
基企業管理有限公司」）（「京基企
業管理」）（作為獲特許人，英裘
（控股）有限公司，現稱「京基金
融國際（控股）有限公司」（「京基
金融國際」），其已發行股份於聯
交所主板第一上市（ 股份代號：
1468））之全資附屬公司）訂立特
許協議（「特許協議」），據此，
特許人同意於二零一九年一月
二十四日至二零二零年五月十五
日（包括首尾兩日）期間向獲特
許人租出香港灣仔港灣道1號會
展廣場辦公大樓44樓之辦公室
物業之若干面積，每月租金為
580,000港元。由於京基實業由
本公司主要股東陳家俊先生全資
擁有，彼持有本公司%之
權益，且為京基金融國際之主要
股東，故京基實業及英裘為本公
司之有關連人士。租賃收入乃按
訂立特許協議日期之市場資率支
收。
(ii) 截至二零二零年六月三十日止六
個月，本公司出售若干物業、廠
房及設備予京基企業管理（京基
金融國際之全資附屬公司），代
價為2,910,000港元。該代價乃
按公平原則磋商，並參考物業、
廠房及設備於合約日期之賬面淨
值而釐定。
二零二零年中期報告 KK 文化控股有限公司 35
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
17. RELATED PARTY TRANSACTIONS (Continued)
b) Amount due from a related party
At the end of the reporting period, the Group had the
following balance with a related party:
30 June 31 December
2020 2019
二零二零年 二零一九年
六月三十日 十二月三十一日
(Unaudited) (Audited)
（未經審核） （經審核）
HK$’000 HK$’000
千港元 千港元
Included in other 計入其他應收款項：
receivables:
Kingkey Management 京基企業管理
Limited (note) 有限公司（附註） 2,910 –
Note:
Amount due from a related party is unsecured, interest free
and expected to be recovered within one year.
17. 有關連人士交易（續）
b) 應收有關連人士款項
於報告期末，本集團與有關連人士
之結餘如下 ︰
附註：
應收有關連人士款項屬無抵押、免息及
預期將於一年內收回。
KK Culture Holdings Limited Interim Report 202036
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
17. RELATED PARTY TRANSACTIONS (Continued)
c) Compensation of key management personnel
The directors of the Company and the subsidiaries of
the Company were considered to be key management
personnel of the Group. The remuneration of
key management personnel is determined by the
remuneration committee having regard to the
performance of individuals and market trends.
Six months ended 30 June
截至六月三十日止六個月
2020 2019
二零二零年 二零一九年
(Unaudited) (Unaudited)
（未經審核） （未經審核）
HK$’000 HK$’000
千港元 千港元
Short-term employee 短期僱員福利
benefits 763 1,137
18. DISPOSAL OF MATERIAL SUBSIDIARIES
On 6 June 2019, the Group disposed its entire interests in
the Disposal Group, which was engaged in provision of
advertising services, to an independent third party at the
consideration of HK$34,750,000 that shall be satisfied by
the allotment and issue of the shares in three tranches at the
issue price of HK$ per share of the purchaser to the Group
or its designated nominees in accordance with the terms and
conditions of the sales and disposal agreement.
The first tranche consideration at fair value of approximately
HK$9,846,000 was received on 6 June 2019. The second
and third tranche considerations are regarded as contingent
consideration and will be receivable upon the condition, as
stated in the terms and conditions of the sales and disposal
agreement, are met.
17. 有關連人士交易（續）
c) 主要管理人員補償
本公司董事及本公司附屬公司為本
集團主要管理人員。主要管理人員
之酬金乃由薪酬委員會經考慮個別
人士之表現及市場趨勢後釐定。
18. 出售重大附屬公司
於二零一九年六月六日，本集團出售其
於出售集團之全部權益，出售集團從事
向 獨 立 第 三 方 提 供 廣 告 服 務， 代 價 為
34,750,000港元，支付方式將為根據銷售
及出售協議之條款及條件，按發行價每股
買方股份港元分三批向本集團或其指定
代理人配發及發行股份。
第一批代價於二零一九年六月六日收到，
公平價值約為9,846,000港元。第二批及第
三批代價被視為或然代價，待銷售及出售
協議之條款及條件所述之條件獲達成時收
取。
二零二零年中期報告 KK 文化控股有限公司 37
Notes to the Condensed Consolidated Financial Statements
簡明綜合財務報表附註
18. DISPOSAL OF MATERIAL SUBSIDIARIES
(Continued)
Net liabilities at the date of disposal were as follows:
HK$’000
千港元
Other intangible assets 其他無形資產 15,242
Trade receivables 貿易應收款項 5,094
Other receivables and deposits 其他應收款項及押金 24,080
Bank and cash balance 銀行及現金結餘 107
Other payables 其他應付款項 (1,528)
Amounts due to non-controlling interests 應付非控股權益款項 (12,563)
Licenses rights fee payables 應付特許權費 (27,600)
Other borrowings 其他借款 (8,800)
Shareholders’ loan 股東貸款 (99,165)
(105,133)
Non-controlling interests 非控股權益 24,347
Assignment of shareholders’ loan 轉讓股東貸款 99,165
Loss on disposal of subsidiaries 出售附屬公司之虧損 (8,533)
Total consideration 總代價 9,846
Total consideration consistent of: 總代價包含：
Issuance of shares 發行股份 9,846
Net cash outflow arising from the disposal: 因出售產生的現金流出淨額：
Bank and cash balance disposed of 已出售銀行及現金結餘 (107)
19. CONTINGENT LIABILITIES
As at 30 June 2020, the Group had no significant contingent
liabilities (31 December 2019: nil).
20. EVENT AFTER REPORTING DATE
This is no material subsequent event undertaken by the Group
after 30 June 2020.
18. 出售重大附屬公司（續）
於出售日期之負債淨值如下：
19. 或然負債
於二零二零年六月三十日，本集團並無重
大或然負債（二零一九年十二月三十一日：
無）。
20. 報告日後事項
本集團於二零二零年六月三十日後並無發
生任何重大其後事項。
KK Culture Holdings Limited Interim Report 202038
Other Disclosures
其他披露
DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS
IN SECURITIES
As at 30 June 2020, the interests and short positions of the directors
and chief executives of the Company in the shares, underlying
shares or debentures of the Company or any of its associated
corporations (within the meaning of Part XV of the Securities and
Futures Ordinance (the “SFO”)) as recorded in the register required
to be kept under Section 352 of the SFO or otherwise notified to the
Company and the Stock Exchange of Hong Kong Limited (the “Stock
Exchange”) pursuant to the Model Code for Securities Transactions
by Directors of Listed Issuers in Appendix 10 of the Listing Rules (the
“Model Code”), were as follows:
Long position in the shares of the Company
Approximate
Percentage in the
Issued Share Capital
Name Nature of Interest Number of Shares of the Company
佔本公司已發行
姓名 權益性質 股份數目 股本之概約百分比
Mr. YIU Yu Cheung Beneficial owner 3,330,000 %
姚宇翔先生 實益擁有人
Mr. TSANG Hing Bun Beneficial owner 500,000 %
曾慶贇先生 實益擁有人
Long position in underlying shares or equity derivatives
of the Company
As at 30 June 2020, neither of the Directors nor the chief executives
of the Company had interests or short positions in the shares,
underlying shares and debentures of the Company and its associated
corporations (within the meaning of Part XV of the SFO) which (i)
were required to be notified to the Company and the Stock Exchange
pursuant to Divisions 7 and 8 of Part XV of the SFO (including
interests and short positions which they are taken or deemed to have
under such provisions of the SFO); or (ii) were recorded in the register
required to be kept under section 352 of the SFO; or (iii) had to be
notified to the Company and the Stock Exchange pursuant to the
Model Code.
董事及最高行政人員於證券之權益
於二零二零年六月三十日，本公司董事及最高行政
人員於本公司或其任何相聯法團（定義見證券及期
貨條例（「證券及期貨條例」）第 XV部）之股份、相
關股份或債權證中擁有根據證券及期貨條例第352
條須予存置之登記冊所記錄之權益及淡倉，或根據
上市規則附錄十上市發行人董事進行證券交易的標
準守則（「標準守則」）須知會本公司及香港聯合交
易所有限公司（「聯交所」）之權益及淡倉如下：
於本公司股份之好倉
於本公司相關股份或權益衍生工具之好倉
於二零二零年六月三十日，概無董事或本公司最高
行政人員於本公司及其相聯法團（定義見證券及期
貨條例第XV部）之股份、相關股份及債權證中擁有
(i)根據證券及期貨條例第XV部第7及8分部須知會
本公司及聯交所之權益或淡倉（包括根據證券及期
貨條例之該等條文彼等被當作或視為擁有之權益及
淡倉）；或 (ii)已記錄於根據證券及期貨條例第352
條須予存置之登記冊之權益或淡倉；或 (iii)根據標
準守則須知會本公司及聯交所之權益或淡倉。
二零二零年中期報告 KK 文化控股有限公司 39
Other Disclosures
其他披露
SHARE OPTIONS
The Company has adopted a share option scheme approved by
a resolution passed by the shareholders of the Company on 29
December 2015, under which it may grant options to directors,
employees, any advisors and service providers of any member of the
Group to subscribe for shares in the Company.
As at 30 June 2020, no share options were outstanding and for the
six months ended 30 June 2020, no share options were granted,
exercised or cancelled.
SUBSTANTIAL SHAREHOLDERS
As at 30 June 2020, so far as was known to the directors and chief
executive of the Company the following persons (other than a
director or chief executive of the Company) had or were deemed to
have, interests or short positions in the shares or underlying shares
of the Company being 5% or more in the issued share capital of
the Company as recorded in the register required to be kept by the
Company under Section 336 of the SFO:
Long position in shares of the Company
Approximate
Percentage in the
Issued Share Capital
Name Nature of Interest Number of Shares of the Company
佔本公司已發行
名稱 權益性質 股份數目 股本之概約百分比
Upsky Global Limited (Note 1) Beneficial owner 95,037,657 %
立天環球有限公司（附註1） 實益擁有人
Champion Ease Group Limited (Note 2) Beneficial owner 74,000,000 %
冠逸集團有限公司（附註2） 實益擁有人
Polaris Investment Management Limited Beneficial owner 50,248,828 %
(Note 3)（附註3） 實益擁有人
Notes:
1. Upsky Global Limited is wholly and beneficially owned by Mr. Chen
Jiajun.
2. Champion Ease Group Limited is interested as to 50% by each of Ms.
Zhan Meiqing and Mr. Liu Guoliang.
3. Polaris Investment Management Limited is wholly and beneficially
owned by Mr. Liu Gary Wei.
購股權
本公司已採納本公司股東於二零一五年十二月
二十九日通過決議案批准之購股權計劃，據此，本
公司可向本集團任何成員公司之董事、僱員、任何
顧問及服務供應商授出購股權以認購本公司股份。
於二零二零年六月三十日，概無購股權尚未行使。
截至二零二零年六月三十日止六個月，概無購股權
授出、獲行使或註銷。
主要股東
於二零二零年六月三十日，就本公司董事及最高行
政人員所知，以下人士（不包括本公司之董事或最
高行政人員）於本公司之股份或相關股份中擁有或
被視為擁有本公司根據證券及期貨條例第336條須
予存置之登記冊所記錄佔本公司已發行股本5%或
以上之權益或淡倉：
於本公司股份之好倉
附註：
1. 立天環球有限公司由陳家俊先生全資實益擁有。
2. 冠逸集團有限公司由詹美清女士及劉國梁先生各
自擁有50%之權益。
3. Polaris Investment Management Limited由劉維先
生全資實益擁有。
KK Culture Holdings Limited Interim Report 202040
Other Disclosures
其他披露
Save as disclosed above, as at 30 June 2020, the Company had not
been notified of any other person (other than a director or chief
executive of the Company) who had an interest or short position in
the shares, underlying shares or debentures of the Company and
was required to be recorded in the register required to be kept by the
Company under Section 336 of the SFO.
CONTINUING CONNECTED TRANSACTIONS
On 24 January 2019, the Company entered into a licensing
agreement (the “Licence Agreement”) with Kingkey Enterprise
Hong Kong Limited (“Kingkey Enterprise”) (as Licensors) and UKF
Management Limited (currently known as “Kingkey Management
Limited”) (as Licensee), a wholly owned subsidiary of UKF (Holdings)
Limited (currently known as “Kingkey Financial International (Holdings)
Limited”) (“KKFI”), a company incorporated in the Cayman Islands
with limited liability, the issued shares of which are primary listed on
the Main Board of the Stock Exchange (Stock Code: 1468), where the
Licensors agreed to lease certain areas of the office premises of 44/F,
Officer Tower, Convention Plaza, 1 Harbour Road, Wan Chai, Hong
Kong To Licensee for the period from 24 January 2019 to 15 May
2020 (both days inclusive), at a monthly rent HK$580,000 (exclusive
of Government rates, management fee and air-conditioning charges).
The annual cap of the said leasing for the Company for the year
ended 31 December 2019 and year ending 31 December 2020 is
HK$6,600,000 and HK$2,700,000 respectively.
The terms of the Licence Agreement were negotiated on an arm’s
length basis and the rental chargeable under the Licence Agreement
was determined after taking into account the prevailing market
rental rates as advised by an independent surveyor engaged by the
Company. The Directors (including the independent non-executive
Directors) considered that the Licence Agreement was entered into
in the ordinary and usual course of business of the Company, and its
terms are on normal commercial terms and are fair and reasonable,
and are in the interests of the Company and the Shareholders as a
whole.
除上文所披露者外，於二零二零年六月三十日，本
公司並無獲知會任何其他人士（不包括本公司之董
事或最高行政人員）於本公司之股份、相關股份或
債權證中擁有須記錄於本公司根據證券及期貨條例
第336條須予存置之登記冊之權益或淡倉。
持續關連交易
於二零一九年一月二十四日，本公司與京基實業香
港有限公司（「京基實業」）（作為特許人）及英裘企
業管理有限公司（現稱「京基企業管理有限公司」）
（作為獲特許人，英裘（控股）有限公司（現稱「京
基金融國際（控股）有限公司」）（「京基金融國際」），
於開曼群島註冊成立之有限公司，其已發行股份
於聯交所主板第一上市（股份代號：1468））之全資
附屬公司）訂立特許協議（「特許協議」），據此，特
許人同意於二零一九年一月二十四日至二零二零
年五月十五日（包括首尾兩日）期間向獲特許人租
出香港灣仔港灣道1號會展廣場辦公大樓44樓之
辦公室物業之若干面積，每月租金為580,000港元
（不包括政府差餉、管理費及空調費）。截至二零
一九年十二月三十一日止年度及二零二零年十二月
三十一日止年度，本公司所述租賃的全年上限分別
為6,600,000港元及2,700,000港元。
特許協議之條款乃按公平基準磋商，且根據特許協
議收取之租金乃經考慮本公司委聘之獨立測量師所
告知的現行市場租金後而釐定。董事（包括獨立非
執行董事）認為，特許協議乃於本公司之日常及一
般業務過程中訂立，且其條款按正常商業條款達
成，屬公平合理，符合本公司及股東之整體利益。
二零二零年中期報告 KK 文化控股有限公司 41
Other Disclosures
其他披露
As Kingkey Enterprise is wholly-owned by Mr. Chen Jiajun, the
substantial Shareholder of the Company, holding % interest of
the Company and also a substantial shareholder of KKFI, therefore
Kingkey Enterprise and KKFI are connected persons of the Company.
Accordingly, the transaction contemplated thereby constitutes a
connected transaction for the Company under Chapter 14A of the
Listing Rules. As the highest applicable percentage ratio calculated
under the Listing Rules in respect of the proposed annual cap under
the Licence Agreement is more than 5% but less than 25% and the
proposed annual cap is less than HK$10,000,000, the transaction
contemplated under the Licence Agreement is subject to reporting,
annual review and announcement requirements but exempt from
circular (independent financial advice) and approval of the Company’s
shareholders requirements pursuant to Rule (2) of the Listing
Rules.
Save as disclosed above, during the six months ended 30 June
2020, the Group has not entered into any connected transactions or
continuing connected transaction for the year which are required to
disclose pursuant to Chapter 14A of the Listing Rules. Meanwhile, the
Company has the necessary internal controls in place to ensure that
the terms of all connected or continuing connected transactions, if
any, are fair and reasonable and in the interest of the Company and
Shareholders as a whole.
PURCHASE, SALE OR REDEMPTION OF SHARES
During the six months ended 30 June 2020, neither the Company
nor any of its subsidiaries has purchased, sold or redeemed any of the
Company’s shares.
C O D E O N C O R P O R AT E G O V E R N A N C E
PRACTICES
In the opinion of the Board, the Company has complied with the code
provisions set out in the Corporate Governance Code and Corporate
Governance Report (the “Code Provision”) contained in Appendix 14
of the Listing Rules throughout the six months ended 30 June 2020.
CODE OF CONDUCT REGARDING SECURITIES
TRANSACTIONS BY DIRECTORS
The Company has adopted the Model Code as its own code of
conduct regarding directors’ securities transactions. Having made
specific enquiry of all directors, the Company was not aware of any
non-compliance with the required standard set out in the Model Code
regarding securities transactions by the directors throughout the six
months ended 30 June 2020.
由於京基實業由本公司主要股東陳家俊先生全資擁
有，彼持有本公司%之權益，且為京基金融
國際之主要股東，故京基實業及京基金融國際為本
公司之關連人士。因此，根據上市規則第14A章，
據此擬進行之交易構成本公司之關連交易。由於根
據上市規則計算有關特許協議下建議全年上限之
最高適用百分比率超過5%但低於25%，而建議
全年上限少於10,000,000港元，故根據上市規則
第(2)條，特許協議項下擬進行之交易須遵
守申報、年度審閱及公佈規定，惟獲豁免遵守通函
（獨立財務意見）及本公司股東批准規定。
除上文所披露者外，於截至二零二零年六月三十日
止六個月，本集團於年內概無訂立任何須根據上市
規則第14A章披露之任何關連交易或持續關連交
易。與此同時，本公司已有必需之內部監控，確保
所有關連交易或持續關連交易（如有）之條款屬公
平合理，並符合本公司及股東之整體利益。
購買、出售或贖回股份
截至二零二零年六月三十日止六個月，本公司或其
任何附屬公司概無購買、出售或贖回本公司任何股
份。
企業管治常規守則
董事會認為，本公司於截至二零二零年六月三十日
止六個月內一直遵守上市規則附錄十四企業管治守
則及企業管治報告所載之守則條文（「守則條文」）。
董事進行證券交易之操守守則
本公司已採納標準守則作為本身董事進行證券交易
之操守守則。經向全體董事明確查詢後，本公司並
不知悉於截至二零二零年六月三十日止六個月內有
任何不遵守董事進行證券交易之標準守則所載規定
標準之情況。
KK Culture Holdings Limited Interim Report 202042
Other Disclosures
其他披露
EMPLOYEES AND EMOLUMENT POLICY
As at 30 June 2020, the Group had 28 full-time employees (30 June
2019: 53). The pay scale of the Group’s employees is maintained at
a competitive level and employees are rewarded on a performance
related basis within the general framework of the Group’s salary
and bonus system. Other employee benefits include provident fund,
insurance and medical cover. Share options was granted to certain
full-time employees and directors pursuant to the Company’s share
option scheme.
AUDIT COMMITTEE
The audit committee has four members comprising one Non-executive
Director, Mr. Yiu Yu Cheung and three independent Non-executive
Directors, namely, Mr. Chan Chiu Hung, Alex (Chairman), Mr. William
Keith Jacobsen and Dr. Leung Ka Kit, with terms of reference in
compliance with the Listing Rules. The audit committee review the
Group’s financial reporting, internal controls and make relevant
recommendations to the Board.
The audit committee have reviewed the Company’s interim report for
the six months ended 30 June 2020 and are in the opinion that report
has complied with the applicable accounting standards and adequate
disclosures have been made.
By Order of the Board
KK Culture Holdings Limited
Tsang Hing Bun
Executive Director
Hong Kong, 25 August 2020
僱員及酬金政策
於二零二零年六月三十日，本集團有28名全職僱
員（二零一九年六月三十日：53名）。本集團僱員
之薪級具競爭力，而僱員亦會根據本集團整體之薪
金及紅利制度架構，因應本身之表現獲得獎勵。其
他僱員福利包括公積金、保險及醫療保障。本集團
已根據本公司之購股權計劃向若干全職僱員及董事
授出購股權。
審核委員會
審核委員會由四名成員組成，包括一名非執行董事
姚宇翔先生以及三名獨立非執行董事陳釗洪先生
（主席）、葉偉其先生及梁迦傑博士，其職權範圍符
合上市規則之規定。審核委員會檢討本集團之財務
報告及內部監控，並向董事會作出有關推薦意見。
審核委員會已審閱本公司截至二零二零年六月三十
日止六個月之中期報告，認為該報告符合適用會計
準則，並已作出充份披露。
承董事會命
KK文化控股有限公司
執行董事
曾慶贇
香港，二零二零年八月二十五日
二零二零年中期報告 KK 文化控股有限公司 43
Corporate Information
公司資料
BOARD OF DIRECTORS
Executive Director
Mr. Tsang Hing Bun
Non-Executive Director
Mr. Yiu Yu Cheung
Independent Non-Executive Directors
Dr. Leung Ka Kit
Mr. William Keith Jacobsen
Mr. Chan Chiu Hung, Alex
COMPANY SECRETARY
Mr. Tsang Hing Bun CPA, ACIS, ACS, FRM
AUTHORISED REPRESENTATIVES
Mr. Tsang Hing Bun
Mr. Yiu Yu Cheung
AUDIT COMMITTEE
Mr. Chan Chiu Hung, Alex (Chairman)
Mr. William Keith Jacobsen
Dr. Leung Ka Kit
Mr. Yiu Yu Cheung
REMUNERATION COMMITTEE
Mr. William Keith Jacobsen (Chairman)
Dr. Leung Ka Kit
Mr. Chan Chiu Hung, Alex
Mr. Yiu Yu Cheung
NOMINATION COMMITTEE
Mr. Chan Chiu Hung, Alex (Chairman)
Dr. Leung Ka Kit
Mr. William Keith Jacobsen
Mr. Yiu Yu Cheung
WEBSITE
董事會
執行董事
曾慶贇先生
非執行董事
姚宇翔先生
獨立非執行董事
梁迦傑博士
葉偉其先生
陳釗洪先生
公司秘書
曾慶贇先生CPA, ACIS, ACS, FRM
獲授權代表
曾慶贇先生
姚宇翔先生
審核委員會
陳釗洪先生（主席）
葉偉其先生
梁迦傑博士
姚宇翔先生
薪酬委員會
葉偉其先生（主席）
梁迦傑博士
陳釗洪先生
姚宇翔先生
提名委員會
陳釗洪先生（主席）
梁迦傑博士
葉偉其先生
姚宇翔先生
網站
KK Culture Holdings Limited Interim Report 202044
Corporate Information
公司資料
核數師
香港立信德豪會計師事務所有限公司
執業會計師
香港
干諾道中111號
永安中心25樓
法律顧問
朱國熙、黃錦華律師事務所
香港中環
德輔道中68號
萬宜大廈2804-7室
主要往來銀行
中國工商銀行（亞洲）有限公司
香港中環
花園道3號中國工商銀行大廈33樓
股份過戶登記辦事處
主要股份過戶登記處
MUFG Fund Services (Bermuda) Limited
4th Floor North, Cedar House
41 Cedar Avenue
Hamilton HM 12
Bermuda
香港股份過戶登記分處
卓佳證券登記有限公司
香港
皇后大道東183號
合和中心54樓
註冊辦事處
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
總辦事處及主要營業地點
香港
灣仔港灣道1號
會展辦公大樓44樓
股份代號
550
AUDITOR
BDO Limited
Certified Public Accountants
25th Floor, Wing On Centre
111 Connaught Road Central
Hong Kong
LEGAL ADVISER
Patrick Chu, Conti Wong Lawyers LLP
Unit 2804-7, Man Yee Building
68 Des Voeux Road Central
Central, Hong Kong
PRINCIPAL BANKER
Industrial and Commercial Bank of China (Asia) Limited
33/F, ICBC Tower, 3 Garden Road,
Central, Hong Kong
SHARE REGISTRARS AND TRANSFER OFFICES
Principal Registrar
MUFG Fund Services (Bermuda) Limited
4th Floor North, Cedar House
41 Cedar Avenue
Hamilton HM 12
Bermuda
Hong Kong Branch Registrar
Tricor Investor Services Limited
Level 54, Hopewell Centre
183 Queen’s Road East
Hong Kong
REGISTERED OFFICE
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS
44/F, Officer Tower, Convention Plaza
1 Harbour Road, Wan Chai,
Hong Kong
STOCK CODE
550
KK
44/F, Of�ce Tower, Convention Plaza,
1 Harbour Road, Wan Chai, Hong Kong
香港灣仔港灣道1號會展廣場辦公大樓44樓
KK Culture Holdings Limited
文化控股有限公司
封面
目錄
管理層討論與分析
簡明綜合損益及其他全面收益表
簡明綜合財務狀況表
簡明綜合現金流量表
簡明綜合權益變動表
簡明綜合財務報表附註
其他披露
公司資料
封底
