Annual Report 2019

MANAGEMENT DISCUSSION AND ANALYSIS 管理層討論及分析 HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 10 CLARIFICATION TO PROFIT WARNING ANNOUNCEMENTS (Continued) The Board would like to emphasize that the information contained in the Profit Warning Announcements was based on the preliminary assessment by the Board of the Group’s unaudited consolidated management accounts for the year ended 31st December, 2019 and the latest information available to the Board up to the date of the Profit Warning Announcements. Due to the outbreak of coronavirus disease (COVID-19) since January 2020, more time had been required to gather the financial information of the Group’s subsidiaries in the People’s Republic of China (the “PRC”) subsidiaries (the “Subsidiaries”) by the Company. The operations of the Subsidiaries returned to normal in mid-March 2020. Subsequent to the issue of the Profit Warning Announcements and on 26th March, 2020, the Company noted that a deferred tax credit of approximately HK$21.5 million was recorded for the annual tax losses incurred by the Subsidiaries, release of withholding tax in relation to the undistributed earnings of the Subsidiaries and reversal of deferred tax expense. As a result of such deferred tax credit which was an information not available to the Board at the time of issuing the Profit Warning Announcements, there is a discrepancy between the expected loss attributable to owners of the Company stated in the Profit Warning Announcements and the actual loss attributable to owners of the Company. Without taking into account the deferred tax credit, the Group would record a loss after Hong Kong Profits Tax and PRC Enterprise Income Tax of approximately HK$22.9 million for the year ended 31st December, 2019. HUMAN RESOURCES As at 31st December, 2019, the Group employed a total workforce of around 1,000 full time staff (2018: 1,050). Competitive remuneration packages were offered to employees. The Group may also grant share options and discretionary bonuses to eligible employees based on the performance of the Group and individuals. 盈利警告公佈之澄清 （續） 董事會謹此強調，盈利警告公佈所載資料乃基於董 事會對本集團截至二零一九年十二月三十一日止年度 之未經審核綜合管理賬目之初步評估，以及直至盈 利警告公佈日期之董事會可用之最新資料。由於自 二零二零年一月以來爆發新型冠狀病毒（ COVID-19 ）， 本公司需要更多時間來收集本集團於中華人民共和國 （「中國」）之附屬公司（「附屬公司」）的財務資料。附屬 公司的業務已於二零二零年三月中旬恢復正常。於發 佈盈利警告公佈後以及在二零二零年三月二十六日， 本公司注意到附屬公司產生的年度稅項虧損、與中 國附屬公司未分配盈利有關的預扣稅之釋放及遞延 稅項開支之撥回錄得遞延稅項抵免約為 21,500,000 港元。由於該遞延稅項抵免乃發佈盈利警告公佈時 董事會無法獲得的信息，因此，發佈盈利警告公佈 中所述本公司擁有人預期應佔虧損與本公司擁有人 實際應佔虧損之間存在差異。 截至二零一九年十二月三十一日止年度，在未計及遞 延稅項抵免的情況下，本集團錄得香港利得稅及中 國企業所得稅後虧損 22,900,000 港元。 人力資源 於二零一九年十二月三十一日，本集團僱用總共約 1,000 名全職員工（二零一八年： 1,050 名）。本集團向 僱員提供具競爭力之薪酬方案。本集團可能亦會授 出購股權及酌情花紅予合資格僱員，授出之基準按 本集團及個人之表現而釐定。