Interim Report 2021

合豐集團控股有限公司 二零二一年中期報告 37 MANAGEMENT DISCUSSION AND ANALYSIS (continued) FINANCIAL REVIEW (continued) Liquidity, financial and capital resources (continued) In the first half of 2021, the Group spent HK$9.9 million on capital expenditure for property, plant and equipment in China and paid HK$5.5 million for deposit for acquisition of property, plant and equipment for the Philippines project in the first half of 2021. At 30th June, 2021, the average inventory, debtors and creditors turnover days were 92 days (31st December, 2020: 53 days), 79 days (31st December, 2020: 59 days) and 36 days (31st December, 2020: 32 days) respectively. The total bank borrowings were HK$262.9 million as at 30th June, 2021 (31st December, 2020: HK$282.6 million). Gearing ratio (total bank borrowings over total equity) fell from 17.4% as at 31st December, 2020 to 15.9% as at 30th June, 2021. Net loan (total bank borrowings less total bank balances and cash) of HK$83.2 million was recorded as at 30th June, 2021 (31st December, 2020: net cash HK$9.0 million). Net gearing ratio (total bank borrowings net of bank balances and cash over total equity) rose from -0.5% as at 31st December, 2020 to 5.0% as at 30th June 2021. The current bank borrowings fell HK$3.6 million and non-current bank borrowings fell HK$16.1 million. 管理層討論及分析 （續） 財務回顧 （續） 流動資金、財務及資本資源 （續） 於二零二一年上半年，本集團於中國之 資本開支為 9,900,000 港元，基本用於 物業、廠房及設備，並於二零二一年上 半年為菲律賓項目購置物業、廠房及設 備支付約 5,500,000 港元的訂金。 於二零二一年六月三十日，平均存貨、 應收賬款及應付賬款週轉日數分別為 92 日（二零二零年十二月三十一日： 53 日）、 79 日（二零二零年十二月三十一 日： 59 日）及 36 日（二零二零年十二月 三十一日： 32 日）。 於二零二一年六月三十日，銀行借貸總 額為 262,900,000 港元（二零二零年十二 月三十一日： 282,600,000 港元）。負 債比率（銀行借貸總額除以總權益）由 二零二零年十二月三十一日的 17.4% 跌 至二零二一年六月三十日的 15.9% 。於 二零二一年六月三十日，貸款淨額（銀 行借貸總額減銀行結餘與現金總額）錄 得 83,200,000 港元（二零二零年十二月 三十一日：現金淨額 9,000,000 港元）。 淨負債比率（銀行借貸總額扣除銀行結 餘及現金後，再除以總權益）由二零二 零年十二月三十一日的 -0.5% 升至二零 二一年六月三十日的 5.0% 。即期銀行 借貸減少 3,600,000 港元，而非即期銀 行借貸減少 16,100,000 港元。