Hanison Construction Holdings Limited

896 KYG428581030

Construction & Engineering

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16/04	Hanison Construction Unit to Potentially Sell Commercial Shops in Hong Kong for Nearly HK$149 Million	MT
2023	Hanison Construction Holdings Limited Announces Board and Committee Changes, Effective 14 November 2023	CI

Hanison Construction : Interim Report 2019/2020

November 29, 2019 at 01:18 pm IST

CONTENTS 目錄

Corporate Information	2
公司資料
Management Discussion and Analysis	4
管理層之討論及分析
Financial Review	19
財務回顧
Other Information	24
其他資料
Condensed Consolidated Statement of Profit or Loss	35
簡明綜合損益表
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income	37
簡明綜合損益及其他全面收益表
Condensed Consolidated Statement of Financial Position	38
簡明綜合財務狀況表
Condensed Consolidated Statement of Changes in Equity	40
簡明綜合權益變動表
Condensed Consolidated Statement of Cash Flows	41
簡明綜合現金流量表
Notes to the Condensed Consolidated Financial Statements	43
簡明綜合財務報表附註
Report on Review of Condensed Consolidated Financial Statements	120
簡明綜合財務報表審閱報告
Summary of Major Properties	122
主要物業摘要

2019/2020年中期報告興勝創建控股有限公司

CORPORATE INFORMATION 公司資料

BOARD OF DIRECTORS

Mr. Cha Mou Sing, Payson (Chairman) *

Mr. Wong Sue Toa, Stewart (Managing Director) Mr. Tai Sai Ho (General Manager)

Mr. Lo Kai Cheong

Mr. Cha Mou Daid, Johnson * Dr. Zhang Wei *

(also alternate director to Mr. Cha Mou Sing, Payson) Mr. Chan Pak Joe #

Dr. Lau Tze Yiu, Peter # Dr. Sun Tai Lun #

non-executivedirector

independent non-executive director

AUDIT COMMITTEE

Dr. Lau Tze Yiu, Peter (Chairman)

Mr. Chan Pak Joe

Dr. Sun Tai Lun

NOMINATION COMMITTEE

Mr. Chan Pak Joe (Chairman)

Mr. Wong Sue Toa, Stewart

Mr. Tai Sai Ho

Dr. Lau Tze Yiu, Peter

Dr. Sun Tai Lun

REMUNERATION COMMITTEE

Dr. Sun Tai Lun (Chairman)

Mr. Wong Sue Toa, Stewart

Mr. Tai Sai Ho

Mr. Chan Pak Joe

Dr. Lau Tze Yiu, Peter

COMPANY SECRETARY

Mr. Lo Kai Cheong

REGISTERED OFFICE

P.O. Box 309, Ugland House

Grand Cayman, KY1-1104

Cayman Islands

PRINCIPAL PLACE OF BUSINESS

22/F., Kings Wing Plaza 1

3 On Kwan Street

Shek Mun

Shatin, New Territories

Hong Kong

董事會

查懋聲先生（主席）*

王世濤先生（董事總經理）戴世豪先生（總經理）

老啟昌先生查懋德先生* 張煒博士*

（亦為查懋聲先生之替任董事）陳伯佐先生#

劉子耀博士# 孫大倫博士#

非執行董事

獨立非執行董事

審核委員會

劉子耀博士（主席）陳伯佐先生

孫大倫博士

提名委員會

陳伯佐先生（主席）王世濤先生

戴世豪先生劉子耀博士孫大倫博士

薪酬委員會

孫大倫博士（主席）王世濤先生

戴世豪先生陳伯佐先生劉子耀博士

公司秘書

老啟昌先生

註冊辦事處

P.O. Box 309, Ugland House

Grand Cayman, KY1-1104

Cayman Islands

主要營業地點

香港

新界沙田

石門

安群街3號

京瑞廣場一期22樓

2 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

CORPORATE INFORMATION 公司資料

AUDITOR	核數師
Deloitte Touche Tohmatsu	德勤 • 關黃陳方會計師行
PRINCIPAL BANKERS	主要往來銀行
• Bank of China (Hong Kong) Limited	• 中國銀行（香港）有限公司
• Hang Seng Bank Limited	• 恒生銀行有限公司
• Industrial and Commercial Bank of China (Asia) Limited	• 中國工商銀行（亞洲）有限公司
• Shanghai Commercial Bank Limited	• 上海商業銀行有限公司
• Standard Chartered Bank (Hong Kong) Limited	• 渣打銀行（香港）有限公司
• The Bank of East Asia, Limited	• 東亞銀行有限公司
• The Hongkong and Shanghai Banking Corporation	• 香港上海滙豐銀行有限公司
Limited
SHARE REGISTRARS	股份過戶登記處
• Hong Kong	• 香港
Computershare Hong Kong Investor Services Limited	香港中央證券登記有限公司
17M Floor, Hopewell Centre	香港灣仔
183 Queen's Road East	皇后大道東183號
Wanchai, Hong Kong	合和中心17M樓
• Cayman Islands	• 開曼群島
Maples Corporate Services Limited	Maples Corporate Services Limited
P.O. Box 309, Ugland House	P.O. Box 309, Ugland House
Grand Cayman, KY1-1104	Grand Cayman, KY1-1104
Cayman Islands	Cayman Islands
LEGAL ADVISERS	法律顧問
• Hong Kong Law	• 香港法律
King & Wood Mallesons	金杜律師事務所
Reed Smith Richards Butler	禮德齊伯禮律師行
• Cayman Islands Law	• 開曼群島法律
Maples and Calder	邁普達律師事務所
STOCK CODE	股份代號
896 (ordinary shares)	896（普通股股份）
WEBSITE	網址
www.hanison.com	www.hanison.com

2019/2020年中期報告興勝創建控股有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

INTERIM RESULTS	中期業績
For the six months ended 30 September 2019, Hanison	截至二零一九年九月三十日止六個月，
Construction Holdings Limited (the "Company") and	Hanison Construction Holdings Limited（興
its subsidiaries (collectively the "Group") recorded	勝創建控股有限公司）（「本公司」）及其附屬
the unaudited consolidated revenue from continuing	公司（統稱為「本集團」）錄得來自持續經營
operations of HK$383.8 million, representing a decline	業務之未經審核綜合收入為港幣383,800,000
of 65.4% from HK$1,107.9 million (restated) for the	元，較上一年度相應期間之港幣1,107,900,000
corresponding period last year which was mainly resulted	元（經重列）下降65.4%，主要是由於建築部、
from the decline in revenue from the Construction	裝飾及維修部以及建築材料部之收入下降所
Division, Interior and Renovation Division and Building	致。
Materials Division.
The unaudited consolidated profit attributable to	截至二零一九年九月三十日止六個月，本
owners of the Company for the six months ended 30	公司擁有人應佔未經審核綜合溢利為港幣
September 2019 was HK$141.4 million, representing a	141,400,000元，較二零一八年同期之港幣
decrease of 55.0%, as compared with that of HK$314.2	314,200,000元減少55.0%。有關減少主要是
million for the same period in 2018. The decline was	由於上一年度本集團出售自用物業產生之例
mainly attributable to the exceptionally large gain on	外巨額收益、截至二零一九年九月三十日止六
disposal of self-used properties of the Group in the	個月本集團之投資物業之公平值變動之收益
preceding year, a reduction of gain on change in fair	減少以及截至二零一九年九月三十日止六個
value of the investment properties of the Group for the	月建築部、裝飾及維修部及建築材料部之貢獻
six months ended 30 September 2019 and a reduction of	因收入下跌而減少。
contributions from the Construction Division, Interior and
Renovation Division and Building Materials Division as a
result of the drop in revenue for the six months ended 30
September 2019.
The basic earnings per share and diluted earnings per	截至二零一九年九月三十日止六個月，持續經
share for continuing and discontinued operations for the	營及已終止經營業務之每股基本盈利及每股
six months ended 30 September 2019 were HK13.0 cents,	攤薄盈利為港幣13.0仙，較去年相應期間港幣
representing decreases of 57.8% and 56.8% as compared	30.8仙及港幣30.1仙減少57.8%及56.8%。
to HK30.8 cents and HK30.1 cents for the corresponding
period last year.

4 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

DIVIDEND	股息
The board of directors of the Company (the "Board") has	本公司董事會（「董事會」）已議決向於二零
resolved to pay an interim dividend of HK2.5 cents per	一九年十二月六日名列本公司股東名冊之股東
share for the six months ended 30 September 2019 (for	派付截至二零一九年九月三十日止六個月之
the six months ended 30 September 2018: HK2.5 cents	中期股息每股港幣2.5仙（截至二零一八年九月
per share) to the shareholders whose names appear on	三十日止六個月：每股港幣2.5仙）。預期股息
the register of members of the Company on 6 December	將於二零一九年十二月十八日派付予股東。
2019. The dividend is expected to be paid to the
shareholders on 18 December 2019.
OPERATIONS REVIEW	業務回顧
Overview	回顧
For the six months ended 30 September 2019, the	截至二零一九年九月三十日止六個月，本集團
Group's unaudited consolidated revenue from continuing	來自持續經營業務之未經審核綜合收入為港幣
operations amounted to HK$383.8 million (for the six	383,800,000元（截至二零一八年九月三十日
months ended 30 September 2018: HK$1,107.9 million	止六個月：港幣1,107,900,000元（經重列））。
(restated)).
Construction Division	建築部
The revenue of the Construction Division for the six	截至二零一九年九月三十日止六個月，建築部
months ended 30 September 2019 was HK$248.0 million	之收入為港幣248,000,000元（截至二零一八
(for the six months ended 30 September 2018: HK$902.1	年九月三十日止六個月：港幣902,100,000
million).	元）。
Contracts on hand as at 30 September 2019 for the	於二零一九年九月三十日，建築部的手頭合約
Construction Division amounted to HK$2,145.6 million.	價值為港幣2,145,600,000元。
Major construction works completed during the period	於回顧期間完成的主要建築工程：
under review:
(1) Construction of 30-classroom secondary school at	(1) 興建九龍啟德發展區1A-2地盤之一所30
Site 1A-2, Kai Tak Development, Kowloon	班房中學
Major construction works undertaken during the period	於回顧期間承接的主要建築工程：
under review:
(1) Construction of public rental housing development	(1) 興建新界沙田碩門邨第二期之公共房屋
at Shek Mun Estate Phase 2, Shatin, New Territories	發展項目

2019/2020年中期報告興勝創建控股有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

(2)	Construction of public rental housing development	(2)	興建新界上水彩園路地盤3及4之公共房
	at Choi Yuen Road Sites 3 and 4, Sheung Shui, New		屋發展項目
	Territories
(3)	Construction of sports centre, community hall and	(3)	興建新界大埔第1區之體育館、社區會堂
	football pitches in Area 1, Tai Po, New Territories		及足球場
(4)	Construction of the proposed residential and	(4)	興建香港堅尼地城吉席街33至47號之建
	commercial development at 33-47 Catchick Street,		議住宅及商業發展項目
	Kennedy Town, Hong Kong
Interior and Renovation Division	裝飾及維修部
For the six months ended 30 September 2019, the	截至二零一九年九月三十日止六個月，裝飾及
revenue of the Interior and Renovation Division was	維修部之收入為港幣76,100,000元（截至二零
HK$76.1 million (for the six months ended 30 September	一八年九月三十日止六個月：港幣103,200,000
2018: HK$103.2 million).	元）。
Contracts on hand as at 30 September 2019 for the	於二零一九年九月三十日，裝飾及維修部的手
Interior and Renovation Division amounted to HK$319.2	頭合約價值為港幣319,200,000元。
million.
Major contract works completed during the period under	於回顧期間完成的主要合約工程：
review:
(1)	Full reinstatement at 24/F - 26/F of Exchange Square	(1)	香港中環交易廣場第三座24樓至26樓之
	3, Central, Hong Kong		全面復原工程
(2)	Proposed renovation works for Pentecostal Mission	(2)	九龍窩打老道71號港九五旬節會教堂之
	Hong Kong and Kowloon Church at 71 Waterloo		建議裝修工程
	Road, Kowloon
Major contract works undertaken during the period	於回顧期間承接的主要合約工程：
under review:
(1)	Building renovation works of Cavendish Heights	(1)	香港渣甸山白建時道33號嘉雲臺（1-7座）
	(Block 1-7) at 33 Perkins Road, Jardine's Lookout,		樓宇之裝修工程
	Hong Kong
(2)	Alteration and addition works for 99-101 Lai Chi	(2)	九龍荔枝角道第99號至101號之改建及加
	Kok Road, Kowloon		建工程

6 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

(3) Combined fitting out works for hotel and office	(3) 香港香葉道43號之建議酒店及辦公樓宇
packages for proposed hotel and office building at	綜合裝修工程
43 Heung Yip Road, Hong Kong
(4) 3-year general building maintenance term contract	(4) 香港城市大學三年（二零一九年至二零
(2019-2022) for the City University of Hong Kong	二二年）一般項目定期保養合約
(5) Proposed additions and alterations works at No.138	(5) 香港干諾道西138號之建議加建及改建工
Connaught Road West, Hong Kong	程
Award	獎項
In June 2019, our alteration and addition works for 99-	於二零一九年六月，興勝室內及維修有限公司
101 Lai Chi Kok Road project under Hanison Interior	旗下荔枝角道第99號至101號之改建及加建工
& Renovation Limited was awarded the "Silver Award	程項目獲得了勞工處及職業安全健康局共同
- Best Refurbishment and Maintenance Contractor in	舉辦的二零一九年建造業安全推廣活動的「最
Occupational Safety and Health" in the Construction	佳職安健維修及保養承建商─銀獎」。
Safety Promotional Campaign 2019, jointly organised
by the Labour Department and Occupational Safety and
Health Council.
Building Materials Division	建築材料部
The Building Materials Division recorded a revenue of	截至二零一九年九月三十日止六個月，建築材
HK$23.6 million for the six months ended 30 September	料部錄得收入為港幣23,600,000元（截至二零
2019 (for the six months ended 30 September 2018:	一八年九月三十日止六個月：港幣75,800,000
HK$75.8 million (restated)).	元（經重列））。
Contracts on hand as at 30 September 2019 for the	於二零一九年九月三十日，建築材料部的手頭
Building Materials Division amounted to HK$70.9 million.	合約價值為港幣70,900,000元。
Major contract works completed during the period under	於回顧期間完成的主要合約工程：
review:
(1) Construction of 30-classroom secondary school at	(1) 興建九龍啟德發展區1A-2地盤之一所30
Site 1A-2, Kai Tak Development, Kowloon - Design,	班房中學－設計、供應及安裝假天花系統
supply and installation of suspended ceiling system

2019/2020年中期報告興勝創建控股有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

(2)	Proposed residential development at Castle Peak	(2)	新界青山公路古洞段丈量約份第92約地
	Road, Kwu Tung, New Territories Lot No. 2640 in		段第2640號之建議住宅發展項目－供應
	D.D. 92 - Supply and installation of suspended		及安裝假天花系統
	ceiling system
(3)	Proposed residential redevelopment at No. 23	(3)	香港羅便臣道23號之建議住宅重建項目
	Robinson Road, Hong Kong at Carpark - Supply and		（停車場）－供應及安裝外部天花系統
	installation of external ceiling system
(4)	Proposed residential & commercial development	(4)	九龍鯉魚門鯉魚門徑1號油塘地段第42號
	at Yau Tong Lot No. 42, 1 Lei Yue Mun Path, Lei		之建議住宅及商業發展項目－供應及安
	Yue Mun, Kowloon - Supply and installation of		裝假天花系統、複合木地板及壁腳板
	suspended ceiling system, timber flooring and
	skirting
Major contract works undertaken during the period	於回顧期間承接的主要合約工程：
under review:
(1)	Proposed Site C1 Development at Area 86, TKOTL	(1)	新界將軍澳市地段第70號餘段日出康城
	70RP Tseung Kwan O, New Territories, Lohas		第7A及7B期86區建議地盤C1發展項目－
	Park Package 7A & B - Supply and installation of		供應及安裝假天花系統
	suspended ceiling system
(2)	Museum Plus (M+) at West Kowloon Cultural District	(2)	西九文化區Museum Plus (M+)－供應及
	- Supply and installation of metal ceiling system		安裝金屬天花系統
(3)	Proposed residential development at TMTL542,	(3)	新界屯門青山灣段第48區青山公路屯門
	Castle Peak Road, Castle Peak Bay Area 48,		市地段第542號之建議住宅發展項目－設
	Tuen Mun, New Territories - Design, supply and		計、供應及安裝假天花系統
	installation of suspended ceiling system
(4)	Proposed residential development at Site N of	(4)	新界將軍澳市地段第70號餘段日出康城
	TKOTL 70 RP, Lohas Park Package 6, New Territories		第六期地盤N之建議住宅發展項目－設
	- Design, supply and installation of suspended		計、供應及安裝假天花系統
	ceiling system

8 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

Major contract works awarded during the period under	於回顧期間獲授的主要合約工程：
review:
(1) MTR SCL Contract No. 1123 - Exhibition Station	(1) 港鐵沙中線項目合約編號1123－會展站
and Western Approach Tunnel - Design, supply and	及西面連接隧道－設計、供應及安裝假天
installation of suspended ceiling system	花系統
(2) Construction of the Hong Kong Palace Museum	(2) 西九文化區香港故宮文化博物館之建築
for The West Kowloon Cultural District Authority -	工程－設計、供應及安裝假天花系統
Design, supply and installation of suspended ceiling
system
(3) Construction of public rental housing development	(3) 皇后山一號地盤（第一期及第六期部分
at Queen's Hill Site 1, Phase 1 & Portion of Phase 6 -	地盤）公共房屋發展項目之建築工程－設
Design, supply and installation of suspended ceiling	計、供應及安裝假天花系統
system
Property Development Division	物業發展部
The Property Development Division recorded no revenue	截至二零一九年九月三十日止六個月，物業發
for the six months ended 30 September 2019 (for the six	展部並無錄得任何收入（截至二零一八年九月
months ended 30 September 2018: nil).	三十日止六個月：無）。
As for the joint venture project, Mount Vienna, the low-	就合營企業項目Mount Vienna（本集團擁有
density residential project in Fo Tan, New Territories in	25%權益之位於新界火炭之低密度住宅項目）
which the Group has 25% interest, the Group recorded	而言，於回顧期間內本集團錄得總共12個單位
the sale of 1 unit out of the total 12 units during the	中已售出1個的銷量。該溢利確認為分佔合營
period under review. The profit was recognised as share	企業溢利。餘下2個單位仍在售。
of profit of joint ventures. The remaining 2 units are
being offered for sales.
LUXÉAST, the Group's 49% interest in the parcel of	至於本集團佔49%權益之「尚東」，位於中華人
land situated at 中華人民共和國浙江省海寧市區文苑路	民共和國浙江省海寧市區文苑路西側、後富亭
西側、後富亭港南側 (West of Wenyuan Road and South	港南側的一幅土地（用作開發及興建辦公室、
of Houfutinggang, Haining, Zhejiang Province, the	店舖、停車位及其他相關發展），已於二零一五
People's Republic of China) for the development and	年三月獲發房屋所有權證。截至報告期末，總
construction of office, retail, car parking spaces and other	共簽訂了130份商品房買賣合同，其中126個單
development pertaining to the land. The respective 房	位已交付予客戶。
屋所有權證 (Building Ownership Certificates) have been
issued in March 2015. A total of 130 商品房買賣合同 (Sale
and Purchase Agreement for Commodity Flat) have been
signed up to the end of the reporting period in which
126 units had been delivered to customers.

2019/2020年中期報告興勝創建控股有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

In August 2019, a joint venture in which the Group has 50% interest entered into a sale and purchase agreement to dispose of 100% interest of Popular Castle Limited and its subsidiaries which held an industrial property, Central Industrial Building, located in Kwai Chung, New Territories. The disposal is expected to be completed in March 2020.

In September 2019, a joint venture in which the Group has 50% interest entered into a sale and purchase agreement to acquire 100% interest of Harbour Sky (BVI) Ltd. which directly held the whole block of industrial property, namely Johnson Place, located at No. 14-16 Lee Chung Street, Chai Wan, Hong Kong. The acquisition was completed in October 2019.

For a piece of land at No. 57A Nga Tsin Wai Road, Kowloon Tong, Kowloon with the objective of developing the property into a premium residential project, lease modification for redevelopment has been applied and is under processing.

For the pieces of agricultural land at Tong Yan San Tsuen in Yuen Long, a land exchange application for residential use was made in 2012 with the Lands Department. It is expected that the offer of land premium will be issued soon.

For the proposed residential development project with Sun Hung Kai Properties Limited at So Kwun Wat, Tuen Mun, planning application to the Town Planning Board was completed in the previous financial year. A land exchange application to convert the land to residential use is under processing.

於二零一九年八月，本集團擁有50%權益的合營企業訂立買賣協議，以出售Popular Castle Limited及其附屬公司（持有位於新界葵涌的工業物業中央工業大廈）之100%權益。出售預期將於二零二零年三月完成。

於二零一九年九月，本集團擁有50%權益的合營企業訂立買賣協議，以收購Harbour Sky (BVI) Ltd.之100%權益，其直接持有一整棟工業物業（即Johnson Place，位於香港柴灣利眾街14-16號）。收購於二零一九年十月完成。

位於九龍九龍塘衙前圍道第57A號之土地（旨在將該物業發展為一個優質住宅項目），已就重建項目申請契約修訂，而該申請正在處理中。

位於元朗唐人新村之農地，已於二零一二年向地政總署申請轉換為住宅用途。預期將快獲發補地價評估。

與新鴻基地產發展有限公司在屯門掃管笏合作發展之建議住宅發展項目，向城市規劃委員會的規劃申請已於先前之財政年度完成。將土地轉換為住宅用途的土地轉換申請正在處理中。

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Property Investment Division	物業投資部
The Property Investment Division recorded a revenue of	截至二零一九年九月三十日止六個月，物業
HK$24.0 million for the six months ended 30 September	投資部錄得收入港幣24,000,000元（截至二零
2019 (for the six months ended 30 September 2018:	一八年九月三十日止六個月：港幣19,100,000
HK$19.1 million (restated)).	元（經重列））。
To diversify its investment portfolio, the Group	為使投資組合多元化，本集團於二零一九年五
completed the acquisition of an industrial property,	月完成收購位於九龍觀塘大業街1號的工業物
Hay Nien Building at No. 1, Tai Yip Street, Kwun Tong,	業（即禧年大廈）。此外，本集團於二零一九
Kowloon in May 2019. In addition, the Group completed	年八月完成收購Storage Portfolio Holding
the acquisition of 100% interest of Storage Portfolio	II Ltd連同其全資附屬公司Storage Holding I
Holding II Ltd together with its wholly owned subsidiary,	Ltd（持有一整棟工業物業（即香港柴灣利眾
Storage Holding I Ltd which held the whole block of	街第18號美利倉大廈）以及柴灣中心工業大廈
industrial property, namely Minibox Tower at No. 18	及官塘工業中心的若干工業單位及停車位）之
Lee Chung Street, Chai Wan, Hong Kong and certain	100%權益。於二零一九年十月，本集團訂立買
industrial units and car parking spaces at Chaiwan	賣協議，以收購卓雄國際有限公司之100%權
Industrial Centre and Kwun Tong Industrial Centre in	益，其持有一整棟服務式住宅物業（即香港馨
August 2019. In October 2019, the Group has entered	樂庭尚圜公寓酒店，位於香港蘇杭街29號）。
into a sale and purchase agreement to acquire 100%	交易於二零一九年十一月八日完成。
interest of Excel Chinese International Limited holding
the whole block of serviced residence property, namely
Citadines Mercer Hong Kong, located at No. 29 Jervois
Street, Hong Kong. The transaction was completed on 8
November 2019.
As the Group considered that the market presented a	由於本集團認為市場呈現將物業價值變現的良
good opportunity to unlock the value of the properties,	機，故訂立若干買賣協議以出售其物業。於二
several sale and purchase agreements were entered	零一九年七月，本集團訂立買賣協議，以出售
into to dispose of its properties. In July 2019, the Group	廣誌控股有限公司連同其附屬公司茂中國際有
entered into a sale and purchase agreement to dispose	限公司（其持有服務式公寓One Eleven，位於
of 100% interest of General Mark Holdings Limited,	香港高街111號）之100%權益。交易已於二零
together with its wholly owned subsidiary, Masswell	一九年八月完成。此外，本集團於二零一九年
International Limited which held a serviced apartment,	七月與兩名獨立第三方訂立兩份買賣協議，以
One Eleven, located at No. 111 High Street, Hong Kong.	出售沙田工業中心的若干工作間及停車位。該
The transaction has been completed in August 2019. In	等交易分別於二零一九年八月及二零一九年
addition, the Group entered into two sale and purchase	九月完成。
agreements with two independent third parties in July
2019 to dispose of certain workshops and car parking
spaces of Shatin Industrial Centre. The transactions
were completed in August 2019 and September 2019
respectively.

2019/2020年中期報告興勝創建控股有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

Investment properties of the Group including various units at Shatin Industrial Centre, some units at Kings Wing Plaza 1 in Shek Mun, Hollywood Hill at No. 222 Hollywood Road, No. 31 Wing Wo Street in Sheung Wan, some units at Kin Wing Industrial Building in Tuen Mun, various land lots in D.D. 76 Ping Che in Fanling, retail shops of The Austine Place in Tsim Sha Tsui, PeakCastle in Cheung Sha Wan and Hoi Bun Godown in Tuen Mun in both of which the Group has 50% interest, all contributed satisfactory rental incomes to the Group during the period under review.

Properties including West Castle, West Park, The Edward and The Connaught of which the Group has 50% interest are now under renovation in order to improve the respective rental incomes and to enhance the property values.

本集團的投資物業包括沙田工業中心若干單位、石門京瑞廣場一期若干單位、位於荷李活道222號的Hollywood Hill、上環永和街31號、屯門建榮工業大廈若干單位、粉嶺坪輋丈量約份76號的若干地段、尖沙咀The Austine Place 的零售店舖、本集團擁有50%權益的長沙灣的 PeakCastle及屯門海濱貨倉，彼等於回顧期間內皆為本集團帶來滿意的租金收入。

包括West Castle、West Park、The Edward及本集團擁有50%權益的The Connaught在內的物業正在進行翻新，以提高有關租金收入及提升物業價值。

Property Agency and Management Division

物業代理及管理部

For the period under review, the revenue of the Property Agency and Management Division was HK$12.3 million (for the six months ended 30 September 2018: HK$18.1 million).

In Hong Kong, our Property Agency and Management Division acted as the marketing and project manager for The Grampian at No. 11 Grampian Road, Mount Vienna at Lok Lam Road, PeakCastle in Cheung Sha Wan, Central Industrial Building in Kwai Chung, The Connaught at No. 138 Connaught Road West, one of the Group's redevelopment project, The Austine Place at No. 38 Kwun Chung Street and Hay Nien Building at No. 1 Tai Yip Street. This Division also provided property management services to The Austine Place in Tsim Sha Tsui, The Bedford in Tai Kok Tsui, Eight College and One LaSalle in Kowloon Tong, One Eleven in Sai Ying Pun (terminated in August 2019), PeakCastle in Cheung Sha Wan, Mount Vienna at Lok Lam Road, The Connaught at No. 138 Connaught Road West, Hollywood Hill at No. 222 Hollywood Road and Hay Nien Building at No. 1 Tai Yip Street.

於回顧期間，物業代理及管理部的收入為港幣 12,300,000元（截至二零一八年九月三十日止六個月：港幣18,100,000元）。

在香港，物業代理及管理部擔任位於嘉林邊道 11號的The Grampian、位於樂林路的Mount Vienna、位於長沙灣的PeakCastle、位於葵涌的中央工業大廈、位於干諾道西138號的The Connaught、本集團一個重建項目－位於官涌街38號的The Austine Place及位於大業街 1號的禧年大廈的市場推廣及項目經理。本部門亦向尖沙咀的The Austine Place、大角咀的The Bedford、九龍塘的Eight College及 One LaSalle、西營盤的One Eleven（於二零一九年八月終止）、長沙灣的PeakCastle、位於樂林路的Mount Vienna、位於干諾道西138 號的The Connaught、位於荷李活道222號的 Hollywood Hill以及位於大業街1號的禧年大廈提供物業管理服務。

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MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

Other services of this Division included rental collection and leasing agency services to 8 Hart Avenue and The Cameron in Tsim Sha Tsui.

本部門的其他服務包括向位於尖沙咀的赫德道8號及The Cameron提供收租及租務代理服務。

Health Products Division	健康產品部
The Health Products Division recorded a revenue of	截至二零一九年九月三十日止六個月，健康
HK$25.7 million for the six months ended 30 September	產品部錄得收入港幣25,700,000元（截至二零
2019 (for the six months ended 30 September 2018:	一八年九月三十日止六個月：港幣29,100,000
HK$29.1 million).	元）。
Retailcorp Limited manages the Group's chain stores	零售企業有限公司以健怡坊作為商標名稱，經
under the trade name HealthPlus. Currently, there are 8	營本集團連鎖店，現時共營運8間零售店（包括
retail outlets (including a HealthPlus shop at St. Teresa's	聖德肋撒醫院內的健怡坊店）及1間服務中心。
Hospital) and 1 service centre in operation. During the	於回顧期間內，健怡坊參與了於二零一九年八
period under review, HealthPlus joined the Eugene	月二日至五日假座香港會議展覽中心舉辦之
Baby Fair 2019 from 2 to 5 August 2019 and Care &	二零一九年荷花嬰兒博覽，康而健則參與了於
Health Limited joined the Food Expo from 15 to 19	二零一九年八月十五日至十九日假座香港會
August 2019, both held at Hong Kong Convention and	議展覽中心舉辦之美食博覽。為加強我們的廣
Exhibition Centre. To enhance our advertising effort, the	告宣傳，本集團已聘請演員趙雅芝女士為我們
Group has appointed an actress Ms. Chiu Ngar Chi as a	的產品「學者靈芝」之明星代言人，以增加產
celebrity endorser for our product "Lingzhi Master" in	品的知名度及普及度。就電子商務業務而言，
order to increase the product's awareness and popularity.	本集團已建立不同的電子商務渠道以吸引不
In respect of the e-Commerce business, the Group has	同領域的顧客。
established different e-commercial channels to draw
customers from different regions.

2019/2020年中期報告興勝創建控股有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

OUTLOOK

The International Monetary Fund has lowered its growth forecasts yet again. Global GDP is projected to rise by just 3% this year (down from the 3.3% predicted in the spring) and by a still-sluggish 3.4% (down from 3.6%) in 2020. Although most indicative data suggest that recession is not likely in the near future, economic momentum is almost certain to fade.

In every part of the world, governments are busy over reforms that would make their economies more productive and robust. In many countries, not only the US, fiscal stimulus and persistent budget deficits have boosted ratios of public debt to national income. Although the measures might be necessary to keep the economy active, abundant quantitative easing and super- low interest rates have resulted in unreasonably inflated asset valuations and heightened credit risks on sovereign debts, bank and personal insolvency.

With risks mounting almost anywhere, the China-US trade war has conspired to make things worse. China has been adjusting its policies to address its financial imbalances, but the US trade war has made this harder. The impact of US tariffs and the need to control debt levels are likely to result in at least a modest deceleration in GDP for China in 2019 and the years ahead.

This trade war has already caused enormous economic damage, not least in the US, where monetary policy is all but exhausted too, with interest rates already close to their effective lower bound. As the trade war depresses trade, hammers confidence and dampens household consumption, many US businesses are feeling the heat of the conflict.

展望

國際貨幣基金組織迄今已再次下調增長預測。預測今年的全球本地生產總值將僅增長3% （較春季預測的3.3%下調），而於二零二零年仍將低迷，預測增速為3.4%（較3.6%下調）。儘管大部分指示性數據表明經濟衰退不太可能於近期發生，惟經濟發展勢頭減弱幾乎已成

定局。

全球各地政府均忙於改革，以提振其經濟生產力及活力。在眾多國家中（不僅美國），財政刺激措施及持續預算赤字已提高公共債務與國民收入的比率。儘管可能需要採取措施力保經濟活躍，惟過度的量化寬鬆政策及超低利率已導致不合理的資產估值膨脹，並已提高有關主權債務、銀行及個人破產的信貸風險。

隨著全球各地的風險日益遞增，中美貿易戰已令情況雪上加霜。中國一直在調整各項政策以解決金融失衡的問題，但美國貿易戰已使局面愈加難以扭轉。美國關稅的影響及控制債務水平的需求均可能會導致二零一九年及往後數年的中國本地生產總值增長至少適度減速。

是次貿易戰已造成巨大的經濟損失，尤其是在美國，美國的貨幣政策已黔驢技窮且利率已接近其有效下限。由於貿易戰打壓貿易、重創信心並削弱家庭消費，很多美國企業均切身體會到了衝突的殺傷力。

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MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

In the Eurozone, uncertainty relating to global trade tensions and Brexit will take a toll. Any further escalation of trade tensions and increase in policy uncertainty could prolong the current downturn in global trade, trigger a sharp shift in global risk sentiment and rapid tightening of global financial conditions. This will certainly affect the Eurozone economy. On the domestic side, the UK is still busy in pursuit for Brexit which remains a major source of risk in terms of trading relations between UK and the rest of the Eurozone countries.

In Hong Kong, both external and domestic demand contracted amidst softening global economic growth, continuing China-US trade war and Hong Kong's local civil unrest. Investors are on high alert for signs of large fund outflows and concern about a weak RMB eroding corporate earnings. Against these circumstances, the import/export trades, logistics, tourism, hotels and retail sales business sectors will continue to face a difficult environment, and there is little prospect of an immediate recovery.

In Hong Kong, the construction industry should benefit from the Hong Kong Government's ten major infrastructure projects launch in 2007 and continuous efforts in increasing public housing supply to resolve the basic need of the Hong Kong people. For the infrastructure work, two of the infrastructure projects, the Hong Kong-Zhuhai-Macau Bridge and the Guangzhou-Shenzhen-Hong Kong Express Rail Link have completed and opened for public use last year, and six more are under way. These mega infrastructure projects have created plenty of construction project works and helped to keep the construction industry busy. On the public housing supply, the Hong Kong Government's 10-year housing supply target is set at 450,000 flats, while the public-private flat ratio of 60:40 will be adjusted to 70:30. The housing supply target comprising 220,000 public rental housing units and Sale of Green Form Subsidised Home Ownership Scheme Flats, 95,000 subsidised-sale flats, and 135,000 private units. In the Policy Address 2019, emphases were aimed at increasing the number of transitional housing and youth hostel

在歐元區，與全球貿易緊張局勢及英國脫歐有關的不確定性將造成不利影響。任何貿易緊張局勢的進一步升級及政策不確定性的增加均可能會延長當前全球貿易的下行趨勢，引發全球風險情勢的急劇轉變及全球金融狀況的迅速收緊。這無疑將會影響歐元區經濟。至於仍埋首於尋求脫歐的英國，此舉仍是英國與歐元區餘下國家之間有關貿易關係的主要風險來源。

在香港，鑒於全球經濟增長放緩、中美貿易戰持續及香港本地內亂，境內外需求均在收縮。投資者均高度警惕資金大量外流的跡象，且擔憂人民幣疲弱會反噬企業收益。面對如此嚴峻的環境，進出口貿易、物流、旅遊、酒店及零售銷售業務行業將繼續面臨困境，而立即復甦的前景更是渺茫。

在香港，建築行業應受惠於香港政府於二零零七年啟動的十項大型基建項目及加大公共房屋供應以解決香港人民剛需的持續投入。就基建工程而言，港珠澳大橋與廣深港高速鐵路兩個基建項目去年已告落成並開放使用，且另有六個在建項目。該等大型基建項目已創造大量建設項目工程，有助於保持建築行業的暢旺。就公共房屋供應而言，香港政府的十年房屋供應目標定為450,000套房屋，而公私房屋的比率將由60:40調整為70:30。房屋供應目標包括 220,000套公共房屋單位及出售綠表置居計劃單位、95,000套資助出售房屋以及135,000套私人單位。在二零一九年施政報告中，重點旨在增加過渡性房屋及青年宿舍項目的數目，重建工廠大廈為公營房屋－主要用作公共房屋並用於加快居屋銷售。其他措施包括徵收空置稅以阻止發展商囤房及提升購房者可獲得的住房貸款（相等於房屋價值的90%，價值最高可達港幣8百萬元，高於過往的60% ）。全部有關的政府政策將有助於增加房屋供應，從而推動建築施工工程。然而，建築行業一直面臨的

2019/2020年中期報告興勝創建控股有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

projects, repurposing factory estates for public housing use - primarily for public rental housing and to accelerate the sales of Home Ownership Scheme. Other measures including the imposition of vacancy tax to discourage developers from flat hoarding, and increasing the homebuyers' availability of housing loans equalling 90 per cent of the value of flats worth up to HK$8 million, up from 60 per cent previously. All of these government policies will help to increase housing supply and hence the building construction works. However, the old problems facing the construction industry still remain. Shortage of skilled labour, ageing of workers, high construction costs, and increasingly severe competitions in tendering for building construction works are still bothering the industry. There is urgent need to look for solution as to how the industry can develop in a productive and sustainable manner.

Renovating properties have become a popular strategy for property owners and investors seeking to enhance or maintain their properties values. For this reason many Hong Kong home owners and property investors decide to carry out various renovation projects before putting up their properties for sale while others really just want to maintain or upgrade the condition of their homes to make them more comfortable and convenient to live in. Apart from that, the Hong Kong Government's Mandatory Building Inspection Scheme, Urban Renewal Strategy and Revitalization of Industrial Buildings Scheme have provided additional renovation work, helping to keep the interior and renovation business busy. Despite of the above favourable condition, competition in this market, especially the high-end residential property market, remains severe, and property owners' expectations for design and quality are ever- increasing. Meanwhile, labour and material costs are escalating, resulting in a very thin profit margin. Under such circumstance, a market player has to be very careful of its budget and ensure to deliver consistently quality renovation work to satisfy its customers' needs.

問題仍然存在。技術勞工短缺、工人老齡化、建築成本高昂以及建築施工工程招標方面的競爭日益激烈等陰霾仍籠罩著整個行業。亟待物色解決方案，以引導該行業能以更具生產力及可持續的方式發展。

翻新物業已成為時下尋求提升或維持其物業價值的業主及投資者的人氣策略。就此而言，許多香港業主及物業投資者決定在出售其物業之前進行各種翻新項目，而其他居民實際上僅欲維持或改善其房屋狀況，以使房屋更舒適更宜居。除此之外，香港政府的強制驗樓計劃、城市更新策略及活化工業大廈計劃已提供其他翻新工程，有助於保持室內及裝修業務的暢旺。儘管有上述有利條件加持，但該市場（尤其是高端住宅物業市場）的競爭仍然激烈，且業主對設計及質量的期望亦不斷提高。同時，勞工及材料成本不斷攀升，導致利潤率極低。在這種情況下，市場從業者必須審慎控制其預算，並確保始終如一地交付優質的翻新工程以滿足其客戶需求。

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MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

Our Building Material Division involves mainly in supplying ceiling and flooring materials to clients such as MTR stations, museums, residential properties, sport centres and community halls. Recently we have been experiencing delay in certain construction projects by some developers that leads to the postponement on delivery of our materials and therefore reduction of our turnover amount. This may be a temporary situation where developers have chosen to develop and sell their projects phase by phase to avoid developing the whole project and paying vacancy tax if the units are not selling quick enough. However, with the great demand for housing and MTR transport services, we consider that our building material business will be able to sustain growth.

After two consecutive months of declines, Hong Kong residential property market revitalized in October this year. Multiple favourable news, such as the interest rate cut, the Hong Kong government's relaxation of mortgage caps for first-time buyers, China-US trade talks retain a good atmosphere and the rising stock market, have spurred homebuyers to speed up purchases. For commercial property market, Hong Kong's role as a global financial center and gateway to mainland China will not change in the foreseeable future. It remains an ideal place for companies to seek financing. Therefore the demands for office buildings are still there. The property development market, however, is under the shadow of the Hong Kong government's imposition of the vacancy tax which is set at two times the rateable value of a property levied on all new units which have been left unsold one year after being issued with their occupation permits or have not been leased out for more than six months over the same period. Many developers are worrying about the impacts on passing this bill, especially when their property sales are slowing down recently. For Hanison, we will take every opportunity to realize the gains from our investment and development properties portfolio and move forward cautiously amidst these rapidly changing environments and uncertain market conditions.

我們的建築材料部主要從事為港鐵站、博物館、住宅物業、體育館及社區會堂等客戶供應天花及地板系統。現時，由於部分發展商若干建築項目遭受延誤，導致我們的材料交付推遲，從而導致營業額減少。這可能屬暫時情況，發展商已選擇分期開發及出售其項目，以避免開發整個項目而在單位銷售速度不夠快時須支付空置稅。然而，鑒於對房屋及港鐵運輸服務的巨大需求，我們認為我們的建築材料業務將能夠持續增長。

歷經連續兩個月的市場萎靡後，香港住宅物業市場在本年度十月復甦。降息、香港政府放寬對首次購房者的抵押貸款上限、中美貿易談判進展順暢及股市攀升等多項利好信號已刺激購房者加快購房步伐。就商業物業市場而言，在可預見的將來，香港作為環球金融中心及進駐中國內地的門戶的角色不會改變，其仍是公司尋求融資的理想之地。因此，對辦公樓的需求仍源源不斷。然而，懸在物業開發市場頭頂的香港政府徵收空置稅的陰霾尚未散去，空置稅釐定為對在連同佔用許可證一併發出後一年仍未售出或在同期內未出租超過六個月的所有新單位徵收的物業應課差餉租值的兩倍。許多發展商現時憂慮是項法案通過的影響，尤其是在近期物業銷售放緩的情勢下。就興勝創建而言，我們將利用一切機會從我們的投資及開發物業組合中攫取收益，並在風雲突變的環境及變化無常的市況中謹慎前行。

2019/2020年中期報告興勝創建控股有限公司

MANAGEMENT DISCUSSION AND ANALYSIS 管理層之討論及分析

Our Property Agency and Management Division mainly provides services for the Group's own properties or the properties built by it. It serves to complement to the Group's property development and property investment businesses by providing high quality and efficient property management, rental collection and leasing agency services.

Over the years, retail industry in Hong Kong has been suffering high rental costs for the retail outlets. Recently it is further clouded by the uncertain global economic condition, local social conflicts and drop in tourists especially those from the Mainland China. To a great extent, health product business is derived from retail outlets, so it will inevitably be affected. It is time to consider other effective marketing strategies implementing a variety of tactics to get the attention of customers to choose our products instead of the traditional retail outlets with long rows of shelves offering different kinds of healthcare products. To achieve this goal, we have established different e-commerce channels to promote our products and draw customers from different regions. If being operated effectively, it will reach a wide range of customers at relatively low cost, and could be a viable strategy for our health products business to survive in the long run.

我們的物業代理及管理部主要為本集團的自有物業或由本集團建造的物業提供服務。該部門力求通過提供優質且高效的物業管理、收租及租務代理服務以補充本集團的物業開發及物業投資業務。

數年來，香港的零售業一直承受著零售門店租金成本高昂的壓力。近期，在不確定的全球經濟狀況、本地社會衝突以及遊客（尤其是來自中國內地的遊客）人數銳減的迷霧籠罩下，香港零售業深陷泥潭。由於健康產品業務在很大程度上來自零售門店，因此不可避免地會受到影響。現時考慮採取其他有效營銷策略，實施各種戰術吸引客戶關注並選擇我們產品的時機已成熟，我們期待以此取替設有一排排滿載各類健康產品的貨架的傳統零售門店。為實現此目標，我們已建立不同的電子商務渠道用以推廣我們的產品及吸引來自不同地區的客戶。倘該等渠道有效運作，將能以相對較低的成本接觸廣泛的客戶，這可能是我們的健康產品業務謀求長遠生存的可行策略。

18 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

FINANCIAL REVIEW 財務回顧

GROUP LIQUIDITY AND FINANCIAL	集團流動資金及財務資源
RESOURCES
The Group's liquidity and financing requirements are	本集團定期審閱其流動資金及融資需求。
regularly reviewed.
The Group's financial position continued to be healthy.	本集團財務狀況維持穩健。於二零一九年九月
The total bank balances and cash had decreased from	三十日，本集團之銀行結餘及現金總額由二零
HK$869.5 million as at 31 March 2019 to HK$421.7	一九年三月三十一日之港幣869,500,000元減
million at 30 September 2019. As at the period end	少至港幣421,700,000元。於本期間結束日，流
date, the current ratio (current assets divided by current	動比率（流動資產除以流動負債）由二零一九
liabilities) decreased from 1.30 times as at 31 March 2019	年三月三十一日的1.30倍下降至0.85倍。
to 0.85 time.
For the purposes of maintaining flexibility in funding	為了保持融資及日常財務管理之靈活性，
and day-to-day financial management, the Group	於二零一九年九月三十日，本集團可動用
has accessed to facilities from banks and an insurance	之銀行及一間保險公司之融資總額為港幣
company with an aggregate amount of HK$2,282.0	2,282,000,000元（其中港幣942,000,000元乃
million (HK$942.0 million was secured by first charges	以本集團之若干租賃土地及樓宇以及投資物
over certain leasehold land and buildings and investment	業作第一抵押），當中港幣902,000,000元之銀
properties of the Group), of which HK$902.0 million	行貸款已被提取，而約港幣267,100,000元已被
bank loans have been drawn down and approximately	動用，主要用作發行信用狀及履約保證。該等
HK$267.1 million has been utilised mainly for the	銀行融資下之銀行貸款按現行市場利率計算
issuance of letters of credit and performance bonds as at	利息。
30 September 2019. The bank loans under these banking
facilities bear interest at prevailing market interest rates.
With its cash holdings and available facilities from banks	從手頭現金及可供動用來自銀行及一間保險
and an insurance company, the Group's liquidity position	公司之融資，本集團之流動資金狀況於來年將
will remain healthy in the coming year, with sufficient	維持穩健，具備充裕財務資源以應付其承擔、
financial resources to meet its obligations, operation and	營運及未來發展需要。
future development requirements.
TREASURY POLICIES	財資管理政策
In order to minimise the cost of funds and to achieve	為了減低資金成本及達至更佳的風險控制，本
better risk control, the treasury activities of the Group are	集團之財資事務集中由最高管理層監管。於本
centralised and scrutinised by the top management. The	公司之二零一八 ╱ 二零一九年報內刊載之本
Group's treasury policies remain unchanged from those	集團財資管理政策維持不變。
described in the Company's annual report 2018/2019.

2019/2020年中期報告興勝創建控股有限公司

FINANCIAL REVIEW 財務回顧

CAPITAL STRUCTURE	資本結構
It is the intention of the Group to keep a proper	本集團力求保持適當之股本及債務組合，以
combination of equity and debt to ensure an efficient	確保一直能維持一個有效之資本結構。於回
capital structure over time. During the period under	顧期間，本集團已獲得之港幣銀行貸款達港
review, the Group has borrowed Hong Kong dollar loans	幣902,000,000元（於二零一九年三月三十一
amounting to HK$902.0 million from banks (as at 31	日：港幣351,000,000元）。貸款已用於收購
March 2019: HK$351.0 million). The loans have been used	若干物業作投資及發展用途，以及用作一
for financing the acquisition of properties for investment	般營運資金。貸款分兩年攤還，第一年須償
and development purposes and as general working	還港幣739,100,000元及第二年須償還港幣
capital. The maturity profile of the lending spread over	162,900,000元。利息乃根據香港銀行同業拆息
a period of two years with HK$739.1 million repayable	附以吸引利率差幅計算。
within the first year and HK$162.9 million repayable
within the second year. Interest is based on Hong Kong
Interbank Offered Rate with a competitive margin.
As at 30 September 2019, the Group's gearing ratio,	於二零一九年九月三十日，本集團按本集團
calculated on the basis of the net borrowing of the	借貸淨額（銀行貸款總額減銀行結餘及現金
Group (total bank loans less total bank balances and	總額）除以股東資金計算之資產負債比率為
cash) over shareholders' funds, was 12.4% (as at 31	12.4%（於二零一九年三月三十一日：本集團
March 2019: the Group was in a net cash position,	根據其銀行結餘及現金總額減銀行貸款總額
calculated on the basis that total bank balances and cash	計算為淨現金之狀況）。
less total bank loans).
MAJOR ACQUISITION AND DISPOSALS	主要收購及出售
On 15 April 2019, an indirect wholly owned subsidiary	於二零一九年四月十五日，本公司之間接全
of the Company, Great Virtue Ventures Limited,	資附屬公司達德創投有限公司與獨立第三方
entered into a sale and purchase agreement with an	訂立買賣協議，以收購位於香港九龍觀塘大
independent third party to purchase a property, namely	業街1號的物業（即禧年大廈），代價為港幣
Hay Nien Building located at No.1 Tai Yip Street, Kwun	489,000,000元。交易已於二零一九年五月八日
Tong, Kowloon, Hong Kong, at a consideration of	完成。
HK$489,000,000. The transaction was completed on 8
May 2019.

20 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

FINANCIAL REVIEW 財務回顧

On 15 July 2019, an indirect wholly owned subsidiary of the Company, Shangzhi Limited, entered into a sale and purchase agreement with an independent third party to dispose of its entire interests in General Mark Holdings Limited, together with its wholly owned subsidiary, Masswell International Limited ("Masswell"), at a consideration of approximately HK$421,529,000. Masswell is engaged in property investment. The major asset of Masswell represented a serviced apartment named "One Eleven" situated at No. 111 High Street, Hong Kong. The disposal was completed on 15 August 2019.

On 16 July 2019, an indirect wholly owned subsidiary of the Company, Excellent Sincere Limited, entered into a sale and purchase agreement with an independent third party to acquire the entire issued and paid up share capital and shareholder loan of Storage Portfolio Holding

Ltd, together with its wholly owned subsidiaries, (i) Storage Holding I Ltd; and (ii) Storage Management Ltd, together with its wholly owned subsidiaries, Minibox Asia Limited and New Empire Properties Limited ("Storage Management Group"), at a consideration of approximately HK$737,884,000. The acquisition was completed on 30 August 2019. Storage Portfolio Holding II Ltd was principally engaged in the self-storage business through Storage Management Group and holds various industrial properties portfolio located at Chai Wan and Kwun Tong, Hong Kong through Storage Holding I Ltd. Immediate after the completion of the acquisition on 30 August 2019, Storage Portfolio Holding II Ltd entered into a sale and purchase agreement on the same day with an independent third party to dispose the entire interest in Storage Management Group at a consideration of approximately HK$16,194,000. The disposal was completed on the same day. After the disposal of Storage Management Group, the major asset of Storage Portfolio Holding II Ltd together with its wholly owned subsidiary, Storage Holding I Ltd represented the industrial properties located at Chai Wan and Kwun Tong.

於二零一九年七月十五日，本公司之間接全資附屬公司尚志有限公司與獨立第三方訂立買賣協議，以出售廣誌控股有限公司，連同其全資附屬公司茂中國際有限公司（「茂中」）之全部權益，代價約為港幣421,529,000元。茂中從事物業投資。茂中的主要資產為位於香港高街 111號的服務式住宅「One Eleven 」。出售已於二零一九年八月十五日完成。

於二零一九年七月十六日，本公司之間接全資附屬公司卓誠有限公司與獨立第三方訂立買賣協議，以收購Storage Portfolio Holding II Ltd以及其全資附屬公司(i) Storage Holding

Ltd；及(ii) Storage Management Ltd，連同其全資附屬公司美利倉亞洲有限公司及

鴻恩地產有限公司（「Storage Management Group 」）之全部已發行及繳足股本及股東貸款，代價約為港幣 737,884,000元。收購已於二零一九年八月三十日完成。Storage Portfolio Holding II Ltd主要透過 Storage Management Group從事迷你倉業務及透過 Storage Holding I Ltd持有位於香港柴灣及觀塘各項工業物業組合。緊隨於二零一九年八月三十日收購完成後，Storage Portfolio Holding II Ltd與獨立第三方於同日訂立買賣協議以出售Storage Management Group之全部權益，代價約為港幣16,194,000元。出售已於同日完成。出售 Storage Management Group之後，Storage Portfolio Holding II Ltd，連同其全資附屬公司Storage Holding

Ltd的主要資產為位於柴灣及觀塘的工業物業。

2019/2020年中期報告興勝創建控股有限公司

FINANCIAL REVIEW 財務回顧

On 16 August 2019, a joint venture in which the Group	於二零一九年八月十六日，本集團擁有50%權
has 50% interest entered into a sale and purchase	益之合營企業與獨立第三方訂立買賣協議，以
agreement with an independent third party to dispose	出售Popular Castle Limited連同其全資附屬
the entire issued share capital and shareholder's loan to	公司（其間接持有位於新界葵涌打磚坪街57至
Popular Castle Limited together with its wholly owned	61號之中央工業大廈）之全部已發行股本及股
subsidiaries which indirectly held Central Industrial	東貸款，代價約為港幣1,080,000,000元（可予
Building, located at 57-61 Ta Chuen Ping Street,	調整）。出售預期於二零二零年三月完成。
Kwai Chung, New Territories at a consideration of
approximately HK$1,080,000,000 (subject to adjustment).
The disposal is expected to be completed in March 2020.
On 27 September 2019, a joint venture in which the	於二零一九年九月二十七日，本集團擁有50%
Group has 50% interest entered into a sale and purchase	權益之合營企業與獨立第三方訂立買賣協議，
agreement with an independent third party to acquire	以收購Harbour Sky (BVI) Ltd.其直接持有位
the entire issued share capital and shareholder's loan	於香港柴灣利眾街14至16號的一整棟物業（即
to Harbour Sky (BVI) Ltd. which directly held the whole	Johnson Place ））之全部已發行股本及股東貸
block of property, namely Johnson Place, located at	款，代價約為港幣948,025,000元。收購已於二
No. 14-16 Lee Chung Street, Chai Wan, Hong Kong at	零一九年十月二十三日完成。
a consideration of approximately HK$948,025,000. The
acquisition was completed on 23 October 2019.
On 11 October 2019, an indirect wholly owned	於二零一九年十月十一日，本公司之間接全資
subsidiary of the Company entered into a sale and	附屬公司與獨立第三方訂立買賣協議，以收購
purchase agreement with an independent third party to	卓雄國際有限公司（其以「香港馨樂庭尚圜公
acquire the entire issued and paid up share capital and	寓酒店」之名在該物業持有服務式住宅及經營
shareholder loan of Excel Chinese International Limited,	酒店業務）之全部已發行及繳足股本及股東貸
which holds a serviced residence and hotel business	款，代價為港幣740,800,000元（可予調整）。
operated at the Property in the name "Citadines Mercer	收購已於二零一九年十一月八日完成。
Hong Kong" at a consideration of HK$740,800,000
(subject to adjustment). The acquisition was completed
on 8 November 2019.
COLLATERAL	抵押品
As at 30 September 2019, the Group's Hong Kong dollar	於二零一九年九月三十日，本集團之港幣貸
loans of HK$802.0 million (as at 31 March 2019: HK$351.0	款為港幣802,000,000元（二零一九年三月
million) were secured by first charges over certain	三十一日：港幣351,000,000元），乃以本集團
leasehold land and buildings and investment properties	之若干租賃土地及樓宇以及投資物業作第一抵
of the Group, at the carrying value of approximately	押，賬面值為約港幣1,402,800,000元（於二零
HK$1,402.8 million (as at 31 March 2019: HK$942.2	一九年三月三十一日：港幣942,200,000元）。
million).

22 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

FINANCIAL REVIEW 財務回顧

PERFORMANCE BONDS	履約保證
As at 30 September 2019, the Group had outstanding	於二零一九年九月三十日，本集團就建築合
performance bonds in respect of construction contracts	約持有之履約保證約為港幣164,000,000元
amounting to approximately HK$164.0 million (as at 31	（二零一九年三月三十一日：港幣136,900,000
March 2019: HK$136.9 million).	元）。
COMMITMENTS	承擔
At the end of the reporting period, the Group had the	於報告期末，本集團有以下承擔：
following commitments:
	30.9.2019	31.3.2019
	二零一九年	二零一九年
	九月三十日	三月三十一日
	HK$'000	HK$'000
	港幣千元	港幣千元

Capital expenditure contracted for but not provided in the condensed consolidated financial statements in relation to:

Acquisition of investment properties

就下列已訂約但尚未列於簡明綜合財務報表內之資本支出：

收購投資物業

440,100

The Group's share of the commitments made jointly with	本集團分佔與其他合營企業夥伴就合營企業共
other joint ventures relating to the joint ventures, but	同作出但於報告期末尚末確認之承擔如下：
not recognised at the end of the reporting period is as
follows:

		30.9.2019	31.3.2019
		二零一九年	二零一九年
		九月三十日	三月三十一日
		HK$'000	HK$'000
		港幣千元	港幣千元
Commitments to provide loans	提供貸款承擔	1,313,745	382,857

2019/2020年中期報告興勝創建控股有限公司

OTHER INFORMATION 其他資料

DIRECTORS' INTERESTS AND SHORT	董事於股份、相關股份及債權證之
POSITIONS IN SHARES, UNDERLYING	權益與淡倉
SHARES AND DEBENTURES
As at 30 September 2019, the interests of the directors of	於二零一九年九月三十日，本公司董事於本公
the Company in the shares and underlying shares of the	司之股份及相關股份中擁有記錄於本公司根
Company as recorded in the register required to be kept	據證券及期貨條例（「證券及期貨條例」）第352
by the Company under Section 352 of the Securities and	條須存置之登記冊內之權益如下：
Futures Ordinance ("SFO") were as follows:
(i) Long position in the shares of the Company	(i) 於本公司股份之好倉
					Approximate
			Number of	Total number	percentage of
			ordinary	of ordinary	issued
Name	Capacity	shares held	shares held	share capital
					(Note vi)
					佔已發行股本
姓名	身份	所持普通股數目	所持普通股總數	概約百分比
					（附註vi）

Cha Mou Sing, Payson	Beneficial owner	26,537,925
查懋聲	實益擁有人
		Interest of controlled corporations	20,321,502
		受控法團之權益	(Note i)
			（附註i）
		Beneficiary of discretionary trusts	531,981,820	578,841,247	53.05%
		酌情信託之受益人	(Note ii)
			（附註ii）
Wong Sue Toa, Stewart	Beneficial owner	37,795,157
王世濤	實益擁有人
		Interest of controlled corporation	4,270,975
		受控法團之權益	(Note iii)
			（附註iii）
		Interest of spouse	5,485,487	47,551,619	4.35%
		配偶權益	(Note iv)
			（附註iv）
Tai Sai Ho	Beneficial owner	17,385,721	17,385,721	1.59%
戴世豪	實益擁有人

24 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

OTHER INFORMATION 其他資料

				Approximate
		Number of	Total number	percentage of
		ordinary	of ordinary	issued
Name	Capacity	shares held	shares held	share capital
				(Note vi)
				佔已發行股本
姓名	身份	所持普通股數目	所持普通股總數	概約百分比
				（附註vi）
Lo Kai Cheong	Beneficial owner	7,674,137
老啟昌	實益擁有人
	Interest of spouse	2,548,422	10,222,559	0.93%
	配偶權益	(Note v)
		（附註v）
Cha Mou Daid, Johnson	Beneficial owner	8,963,500
查懋德	實益擁有人
	Beneficiary of discretionary trusts	539,500,961	548,464,461	50.27%
	酌情信託之受益人	(Note ii)
		（附註ii）
Zhang Wei	Beneficial owner	4,288,000	4,288,000	0.39%
張煒	實益擁有人
Chan Pak Joe	Beneficial owner	2,830,100	2,830,100	0.25%
陳伯佐	實益擁有人
Lau Tze Yiu, Peter	Beneficial owner	3,759,950	3,759,950	0.34%
劉子耀	實益擁有人
Sun Tai Lun	Beneficial owner	3,078,000	3,078,000	0.28%
孫大倫	實益擁有人

Notes:

These shares are held by Accomplished Investments Limited and Kola Heights Limited, companies that are wholly owned by Mr. Cha Mou Sing, Payson.
These shares are held under certain but not identical discretionary trusts, of which Mr. Cha Mou Sing, Payson and Mr. Cha Mou Daid, Johnson are among the members of the class of discretionary beneficiaries.
Mr. Wong Sue Toa, Stewart's corporate interests in the Company arise from the fact that he owns 50% of the share capital of Executive Plaza Limited, which holds 4,270,975 shares of the Company.

附註：

該等股份由 Accomplished Investments Limited及Kola Heights Limited持有，該等公司由查懋聲先生全資擁有。
該等股份由若干不同酌情信託所持有，查懋聲先生及查懋德先生均為若干不同酌情信託之酌情受益人組別其中之成員。
王世濤先生在本公司之公司權益是透過其擁有世濤投資有限公司的50%股本而持有，該公司持有本公司4,270,975股股份。

2019/2020年中期報告興勝創建控股有限公司

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(iv) These shares are held by Ms. Wong Lui Kwok Wai, the	(iv)	該等股份由王世濤先生之配偶王雷國慧女士
wife of Mr. Wong Sue Toa, Stewart.		持有。
(v) These shares are held by Ms. Lee Kwai Lin, the wife of Mr.	(v)	該等股份由老啟昌先生之配偶李桂蓮女士持
Lo Kai Cheong.		有。
(vi) The percentage is calculated based on the total number	(vi)	百分比乃根據本公司於二零一九年九月三十
of issued shares of the Company as at 30 September 2019		日已發行股份總數（即1,090,924,676股股
(i.e. 1,090,924,676 shares).		份）計算。
(ii) Share options	(ii) 購股權
Director's interests in share options are set out in	董事於購股權之權益載於下文「購股權計
the section headed "Share Option Scheme" below.	劃」一節。
Save as disclosed above, as at 30 September 2019, none	除上文所披露者外，於二零一九年九月三十
of the directors and chief executive of the Company had	日，本公司董事及最高行政人員概無於本公司
any interests or short positions in the shares, underlying	或其任何相聯法團（定義見證券及期貨條例第
shares and debentures of the Company or any of its	XV部）之股份、相關股份及債權證中擁有記錄
associated corporations (within the meaning of Part	於本公司根據證券及期貨條例第352條須存置
XV of the SFO) which were recorded in the register	之登記冊內之任何權益或淡倉，或根據香港聯
required to be kept by the Company under Section 352	合交易所有限公司（「聯交所」）證券上市規則
of the SFO, or which were required to be notified to the	（「上市規則」）附錄十所載之《上市發行人董事
Company and The Stock Exchange of Hong Kong Limited	進行證券交易的標準守則》（「標準守則」）須
(the "Stock Exchange") pursuant to the Model Code for	知會本公司及聯交所之任何權益或淡倉。於截
Securities Transactions by Directors of Listed Issuers (the	至二零一九年九月三十日止六個月，各董事及
"Model Code") as set out in Appendix 10 to the Rules	最高行政人員概無擁有或獲授任何可認購本
Governing the Listing of Securities on the Stock Exchange	公司及其相聯法團（定義見證券及期貨條例第
(the "Listing Rules"). Nor any of the directors and the	XV部）證券之權利，亦無行使任何該等權利。
chief executives had any interest in, or had been granted
any right to subscribe for the securities of the Company
and its associated corporations (within the meaning
of Part XV of the SFO) or had exercised any such right
during the six months ended 30 September 2019.
SHARE OPTION SCHEME	購股權計劃
Pursuant to the Company's existing share option	根據本公司現有購股權計劃（於二零一一年九
scheme which was adopted and became effective on 21	月二十一日獲採納及生效），本公司、其附屬
September 2011, all directors (including independent	公司及其聯營公司之所有董事（包括獨立非執
non-executive directors), full-time employees and	行董事）、全職僱員及顧問均符合參與該計劃
consultants of the Company, its subsidiaries and its	之資格。
associated companies are eligible to participate in the
scheme.

26 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

OTHER INFORMATION 其他資料

Details of the movement of share options under the Company's share option scheme during the six months ended 30 September 2019 were as follows:

於截至二零一九年九月三十日止六個月期間，本公司購股權計劃項下購股權之變動詳情如下：

								Approximate
					Exercised	Lapsed	Balance	percentage of
Category or Name of		Exercise price		Balance as at	during	during	as at	issued share
participants	Date of grant	per share	Exercise period	1.4.2019	the period	the period	30.9.2019	capital
			(Note i)	於二零一九年	(Note ii)		於二零一九年	(Note iii)

				四月一日之			九月三十日之	佔已發行股本
參與者類型或姓名	授出日期	每股行使價	行使期間	結餘	於期內行使	於期內失效	結餘	概約百分比
			（附註i）		（附註ii）			（附註iii）
Directors of the Company
本公司之董事
Cha Mou Daid, Johnson	5.9.2017	HK$1.54	5.9.2017 to 4.9.2022	5,192,000	-	-	5,192,000	0.47%
查懋德	二零一七年九月五日	港幣1.54元	二零一七年九月五日至
			二零二二年九月四日

				5,192,000	-	-	5,192,000
Employees of the Group	26.11.2014	HK$0.96	26.11.2014 to 25.11.2019	915,300	(93,100)	(125)	822,075	0.07%
本集團之僱員	二零一四年十一月	港幣0.96元	二零一四年十一月二十六日至
	二十六日		二零一九年十一月二十五日
	5.9.2017	HK$1.54	5.9.2017 to 4.9.2022	3,550,500	-	(345,500)	3,205,000	0.29%
	二零一七年九月五日	港幣1.54元	二零一七年九月五日至
			二零二二年九月四日

				4,465,800	(93,100)	(345,625)	4,027,075
Total
總計				9,657,800	(93,100)	(345,625)	9,219,075

Notes:		附註：
(i)	The share options vested immediately on the respective dates of	(i)	購股權於各自授出日期即時歸屬。
	grant.
(ii)	The weighted average closing price of the Company's shares	(ii)	本公司股份於緊接購股權獲行使日期前之加權平均
	immediately before the exercise dates of the share options was		收市價為每股港幣1.32元。
	HK$1.32 per share.
(iii)	The percentage is calculated based on the total number of	(iii)	百分比乃根據本公司於二零一九年九月三十日已發
	issued shares of the Company as at 30 September 2019 (i.e.		行股份總數（即1,090,924,676股股份）計算。
	1,090,924,676 shares).

2019/2020年中期報告興勝創建控股有限公司

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INTERESTS OF SHAREHOLDERS	根據證券及期貨條例須予披露之股
DISCLOSEABLE UNDER THE SFO	東權益
As at 30 September 2019, the interests of the	於二零一九年九月三十日，股東（本公司董事
shareholders (other than the directors and chief executive	及最高行政人員除外）於本公司股份及相關股
of the Company) in the shares and underlying shares of	份中，擁有記錄於本公司根據證券及期貨條例
the Company as recorded in the register required to be	第336條須存置之登記冊內之權益如下：
kept by the Company under Section 336 of the SFO were
as follows:
Long position in the shares of the Company	於本公司股份之好倉
				Approximate
			Number of	percentage of
			ordinary shares	issued share
Name	Capacity		held	capital
				(Note iv)
				佔已發行股本
名稱	身份		所持普通股數目	概約百分比
				（附註iv ）
CCM Trust (Cayman) Limited	Trustee		487,702,041	44.70%
("CCM Trust")	信託人		(Note i)
CCM Trust (Cayman) Limited	Interest of controlled corporations	（附註i ）
（「CCM Trust 」）	受控法團之權益
Mingly Corporation ("Mingly")	Beneficial owner		104,243,301	9.55%
名力集團控股有限公司（「名力」）	實益擁有人		(Note ii)
	Interest of controlled corporations	（附註ii ）
	受控法團之權益
CCM Capital Corporation	Beneficial owner		78,866,272	7.22%
("CCM Capital")	實益擁有人		(Note ii)
CCM Capital Corporation			（附註ii ）
（「CCM Capital 」）
LBJ Regents Limited ("LBJ")	Trustee		67,829,571	6.21%
LBJ Regents Limited（「LBJ 」）	信託人		(Note iii)
	Interest of controlled corporation	（附註iii ）
	受控法團之權益

28 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

OTHER INFORMATION 其他資料

Notes:

These share interests comprise 383,458,740 shares directly held by CCM Trust and 104,243,301 shares held indirectly through Mingly and its wholly owned subsidiaries. CCM Trust is interested in 87.5% equity interest in Mingly. CCM Trust is holding the 383,458,740 shares as the trustee of certain but not identical discretionary trusts of which members of the Cha Family (comprising, inter alios, Mr. Cha Mou Sing, Payson and Mr. Cha Mou Daid, Johnson, being the directors of the Company) are among the discretionary objects.
These share interests comprise 3,732,928 shares directly held by Mingly and 78,866,272 shares and 21,644,101 shares held indirectly through CCM Capital and Mingly Asia Capital Limited, respectively. CCM Capital and Mingly Asia Capital Limited are direct wholly owned subsidiaries of Mingly.
These share interests comprise 61,022,931 shares directly held by LBJ and 6,806,640 shares held indirectly through Bie Ju Enterprises Limited, its wholly owned subsidiary. LBJ is holding the 61,022,931 shares as the trustee of certain but not identical discretionary trusts of which members of the Cha Family (comprising, inter alios, Mr. Cha Mou Sing, Payson and Mr. Cha Mou Daid, Johnson, being the directors of the Company) are among the discretionary objects.
The percentage is calculated based on the total number of issued shares of the Company as at 30 September 2019 (i.e. 1,090,924,676 shares).

附註：

該等股份權益包括由 CCM Trust 直接持有之 383,458,740股股份及透過名力及其全資附屬公司間接持有之104,243,301股股份。CCM Trust擁有名力87.5%之股權。CCM Trust以信託人身份為若干不同酌情信託持有383,458,740股股份，該等信託之酌情受益人其中有查氏家族成員（當中包括查懋聲先生及查懋德先生，均為本公司董事）。
該等股份權益包括由名力直接持有之3,732,928
股股份及透過CCM Capital及Mingly Asia Capital Limited分別間接持有之 78,866,272股股份及 21,644,101股股份。CCM Capital及 Mingly Asia Capital Limited為名力之直接全資附屬公司。
該等股份權益包括由 LBJ直接持有之61,022,931
股股份及透過其全資附屬公司Bie Ju Enterprises Limited間接持有之6,806,640股股份。LBJ以信託人身份為若干不同酌情信託持有61,022,931股股份，該等信託之酌情受益人其中有查氏家族成員（當中包括查懋聲先生及查懋德先生，均為本公司董事）。
百分比乃根據本公司於二零一九年九月三十日已發行股份總數（即1,090,924,676股股份）計算。

Save as disclosed above, as at 30 September 2019, the	除上文所披露者外，於二零一九年九月三十
Company has not been notified by any persons (other	日，本公司並不知悉任何人士（本公司董事及
than the directors and chief executive of the Company)	最高行政人員除外）於本公司股份及相關股份
who had any interests or short positions in the shares and	中擁有本公司根據證券及期貨條例第336條須
underlying shares of the Company which were recorded	存置之登記冊之任何權益或淡倉。
in the register required to be kept by the Company under
Section 336 of the SFO.

2019/2020年中期報告興勝創建控股有限公司

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UPDATE ON DIRECTORS' INFORMATION PURSUANT TO RULE 13.51B(1) OF LISTING RULES

With effect from 3 July 2019, Dr. Zhang Wei has been appointed as an alternate director to Mr. Cha Mou Sing, Payson, the non-executive chairman of Million Hope Industries Holdings Limited, the securities of which are listed on the Stock Exchange.

Save as disclosed above, there is no other information required to be disclosed pursuant to Rule 13.51B(1) of the Listing Rules.

CORPORATE GOVERNANCE

The corporate governance principles of the Company emphasise a quality board of directors and transparency and accountability to all shareholders.

Throughout the six months ended 30 September 2019, the Company has complied with all the Code Provisions of the Corporate Governance Code (the "CG Code") as set out in Appendix 14 to the Listing Rules, except for the Code Provision E.1.2 of the CG Code which stipulates that the chairman of the board should attend the annual general meeting. The Chairman of the Company, Mr. Cha Mou Sing, Payson, was unable to attend the Company's 2019 annual general meeting due to other important engagement. The Managing Director took the chair of that meeting in accordance with the articles of association of the Company.

MODEL CODE FOR SECURITIES

TRANSACTIONS BY DIRECTORS

The Company has adopted the Model Code as set out in Appendix 10 to the Listing Rules as its own code of conduct regarding directors' securities transactions. Having made specific enquiry to all directors of the Company, all directors confirmed that they have complied with the required standard set out in the Model Code throughout the six months ended 30 September 2019 or the period from his appointment to 30 September 2019 (as for the director appointed during the period).

根據上市規則第13.51B(1)條披露董事資料之最新情況

自二零一九年七月三日起，張煒博士已獲委任為美亨實業控股有限公司之非執行主席查懋聲先生之替任董事，該公司之證券於聯交所上市。

除上文所披露外，概無任何其他資料須根據上市規則第13.51B(1)條予以披露。

企業管治

本公司的企業管治原則強調董事會之高質素、高透明度及對全體股東負責。

於截至二零一九年九月三十日止六個月內，本公司已遵守上市規則附錄十四所載之《企業管治守則》（「企業管治守則」）的所有守則條文，惟企業管治守則第E.1.2條守則條文規定董事會主席應出席股東週年大會除外。由於本公司主席查懋聲先生因需要處理其他重要事務，故未能出席本公司二零一九年股東週年大會。董事總經理根據本公司之組織章程細則出任該大會主席。

董事進行證券交易的標準守則

本公司已採納上市規則附錄十所載之標準守則，作為董事進行證券交易之行為守則。經向本公司全體董事作出具體查詢後，全體董事均確認彼等於截至二零一九年九月三十日止六個月或其委任至二零一九年九月三十日期間（對於在此期間獲委任之董事）已遵守標準守則內所載之規定準則。

30 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

OTHER INFORMATION 其他資料

DISCLOSURE UNDER RULE 13.22 OF	根據上市規則第13.22條作出之披露
LISTING RULES
The financial assistance to affiliated companies of the	於二零一九年九月三十日，向本公司之聯屬公
Company, and guarantees given for banking facilities	司提供之財務資助及就授予名列下表首欄之
granted to affiliated companies of the Company named	本公司之聯屬公司之銀行融資作出之擔保總
in the first column in the table below, in aggregate	額約為港幣2,073,444,000元，其相當於本公司
amounted to approximately HK$2,073,444,000 which	之總資產約36.1%，有關詳情如下：
represented approximately 36.1% of the total assets of
the Company at 30 September 2019. Details of which are
as follows:
			Total amount of
			financial assistance
		Company's given to, committed capital
		equity interest	injection to and guarantees
		in affiliated	given for facilities granted to,
		company	affiliated company
			向聯屬公司提供之財務資助、
			承諾向聯屬公司作出之注資及
		本公司於	就授予聯屬公司之融資作出之
Name of affiliated company	聯屬公司名稱	聯屬公司之股權	擔保總額
			HK$'000
			港幣千元
Haining Jiafeng Real Estate	海寧嘉豐房地產有限公司（「海寧」）	49%	103,089
Development Limited ("Haining")			(Note 1)
			（附註1）
AG Acquisition M (BVI) Limited	AG Acquisition M (BVI) Limited	25%	24,209
("AG Acquisition") and	（「AG Acquisition」）及		(Note 2)
its subsidiaries	其附屬公司		（附註2）
Victorious Troops Limited	Victorious Troops Limited	50%	550,000
("Victorious Troops") and	（「Victorious Troops」）及		(Note 3)
its subsidiaries	其附屬公司		（附註3）
Gallant Elite Enterprises Limited	騰傑企業有限公司（「騰傑」）及	50%	146,146
("Gallant Elite") and	其附屬公司		(Note 4)
its subsidiaries			（附註4）
Great Splendor Enterprises Limited	Great Splendor Enterprises Limited	50%	250,000
("Great Splendor") and	（「Great Splendor」）及		(Note 5)
its subsidiaries	其附屬公司		（附註5）
Flourishing Stable Limited	盛堅有限公司（「盛堅」）	50%	1,000,000
("Flourishing Stable")	及其附屬公司		(Note 6)
and its subsidiaries			（附註6）

			2,073,444

2019/2020年中期報告興勝創建控股有限公司

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Notes:

The Group has guaranteed to a bank in Hong Kong for securing the standby letter of credit of approximately HK$103,089,000 for the period from 12 December 2018 to 11 December 2019 issued by a bank in Hong Kong to a bank in PRC which granted a bank loan to Haining.
As at 30 September 2019, the Group advanced and made available to AG Acquisition shareholder loans amounting to approximately HK$24,209,000 which are unsecured, non-interest bearing and repayable on demand.
The total capital commitment shall be contributed by the Group in proportion to its equity interest in the joint venture in the event that the Victorious Troops requires funding (i) in performing discharging and fulfilling any and all of its obligations under the Share Purchase Agreement to acquire an industrial building eventually and/or (ii) in settling construction and redevelopment cost of the industrial building.
The total capital commitment shall be contributed by the Group in proportion to its equity interest in the joint venture in respect of any funding need arising from any payment obligation of the Gallant Elite concerned.
The Group shall provide shareholder's loan for a sum up to HK$185,000,000 which shall be unsecured, non-interest bearing and have no fixed term of repayment. In addition, an indemnity (subject to a maximum liability of HK$65,000,000) was provided by the Group to five limited partnerships which are affiliates of the majority shareholder of Great Splendor, who had provided a corporate guarantee as required under the term loan facilities granted to the wholly owned subsidiary of Great Splendor for
1. securing the interest payment obligations; (ii) completion and cost overrun undertaking of the property development; and
1. the full and punctual payment of the secured liabilities as referred to in the term loan as and when the same shall be due and payable.
The total capital commitment shall be contributed by the Group in proportion to its equity interest in the joint venture in respect of any funding need arising from any payment obligation of the Flourishing Stable concerned.

附註：

本集團已就向海寧授予銀行貸款之一間中國銀行發出之備用信用證向一間香港銀行提供擔保約港幣 103,089,000元，期限由二零一八年十二月十二日至二零一九年十二月十一日。
於二零一九年九月三十日，本集團向AG Acquisition 墊付及向其提供股東貸款約港幣24,209,000元，其為無抵押、不計息及須按要求償還。
倘Victorious Troops需要資金用於(i)履行及達成其於股份購買協議項下之任何及全部之責任以最終收購工業大廈及╱或(ii)結算工業大廈之建築及改造成本，則資本承擔總額將按其於合營企業之股權比例由本集團出資。
有關騰傑所涉任何付款責任產生之任何資金需要之資本承擔總額將按其於合營企業之股權比例由本集團出資。
本集團將提供股東貸款，金額最高為港幣 185,000,000元（為無抵押、不計息及無固定還款期）。此外，本集團已向五間有限合夥企業（均為
Great Splendor（其已根據授予Great Splendor之
全資附屬公司之定期貸款融資項下之規定提供公司擔保）之主要股東之聯屬人士）就(i)利息付款義務； (ii)物業發展之完成及成本超支承諾提供彌償保證

（受最高負債港幣65,000,000元所規限）；及(iii)定期貸款中所述的有擔保負債的全額及準時付款，並應在到期時支付。

6. 資本承擔總額將由本集團因應盛堅的任何付款義務而產生的任何資金需求，按本集團於合營企業的股權比例出資。

32 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

OTHER INFORMATION 其他資料

The proforma combined statement of financial position	上述聯屬公司於二零一九年九月三十日之備
of the above affiliated companies at 30 September 2019	考合併財務狀況表如下：
is as follows:
		HK$'000
		港幣千元
Current assets	流動資產	1,659,405
Current liabilities	流動負債	(3,343,861)
Non-current assets	非流動資產	2,644,966
Non-current liabilities	非流動負債	(8,606)
Net assets	資產淨值	951,904

PURCHASE, SALE OR REDEMPTION OF	購買、出售或贖回上市證券
LISTED SECURITIES
Neither the Company nor any of its subsidiaries	截至二零一九年九月三十日止六個月，本公司
purchased, sold or redeemed any of the Company's listed	或其任何附屬公司並無購買、出售或贖回任何
securities during the six months ended 30 September	本公司之上市證券。
2019.
EMPLOYEES AND REMUNERATION POLICY	僱員及酬金政策
As at 30 September 2019, the Group (excluding its	於二零一九年九月三十日，本集團（不包括其
joint ventures) had 552 full time employees. The Group	合營企業）有552名全職僱員。本集團參照市場
offers competitive remuneration packages, including	水平及根據僱員之資歷，為僱員提供具吸引力
discretionary bonus and share option scheme, to its	的薪酬組合，包括酌情花紅及購股權計劃。本
employees, commensurable to market level and their	集團亦為僱員提供退休金計劃、醫療福利、公
qualifications. The Group also provides retirement	司及外間的培訓課程。
schemes, medical benefits and both in-house and
external training courses for employees.

2019/2020年中期報告興勝創建控股有限公司

OTHER INFORMATION 其他資料

REVIEW OF INTERIM RESULTS	中期業績審閱
The Company has engaged Messrs Deloitte Touche	本公司委託本集團核數師德勤‧關黃陳方會計
Tohmatsu, the Group's auditor, to assist the Audit	師行協助本公司審核委員會審閱本集團截至
Committee of the Company to review the unaudited	二零一九年九月三十日止六個月之未經審核
condensed consolidated financial statements of the	簡明綜合財務報表。期內之未經審核簡明綜合
Group for the six months ended 30 September 2019. The	財務報表已經審核委員會審閱。
unaudited condensed consolidated financial statements
for the period has been reviewed by the Audit
Committee.
On behalf of the Board	代表董事會

Cha Mou Sing, Payson	查懋聲
Chairman	主席
Hong Kong, 19 November 2019	香港，二零一九年十一月十九日

34 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS 簡明綜合損益表

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

			For the six months
			ended 30 September
			截至九月三十日止六個月

			2019	2018
			二零一九年	二零一八年
		NOTES	HK$'000	HK$'000
		附註	港幣千元	港幣千元
			(Unaudited)	(Unaudited)
			（未經審核）	（未經審核）
				(restated)
				（經重列）
Continuing operations	持續經營業務
Revenue	收入	3	383,843	1,107,853
Cost of sales	銷售成本		(295,689)	(1,009,006)
Gross profit	毛利		88,154	98,847
Other income	其他收入		3,550	2,515
Exchange loss	匯兌虧損		(92)	(822)
Other losses	其他虧損		(112)	(136)
Gain on disposal of property,	出售物業、廠房及
plant and equipment	設備之收益		43	166,035
Marketing and distribution costs	市場推廣及分銷費用		(6,158)	(4,457)
Administrative expenses	行政開支		(92,876)	(132,326)
Change in fair value of	投資物業之公平值變動
investment properties
- Realised gains on disposals	－出售時之已變現收益		68,786	44,325
- Unrealised gains	－未變現收益		7,337	70,442
Loss on disposal of subsidiaries	出售附屬公司之虧損	18	(1,235)	-
Reversal of (impairment losses)	預期信貸虧損模式下之
under expected credit loss model	撥回（減值虧損）		4,815	(2,008)
Share of profit of an associate	分佔聯營公司溢利		48	48
Share of profit of joint ventures	分佔合營企業溢利		81,834	78,363
Finance costs	財務費用		(6,489)	(7,636)
Profit before taxation	除稅前溢利	4	147,605	313,190
Taxation	稅項支出	5	(6,208)	(2,922)
Profit for the period from	持續經營業務期內溢利
continuing operations			141,397	310,268

2019/2020年中期報告興勝創建控股有限公司

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS 簡明綜合損益表

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

			For the six months
			ended 30 September
			截至九月三十日止六個月

			2019	2018
			二零一九年	二零一八年
		NOTES	HK$'000	HK$'000
		附註	港幣千元	港幣千元
			(Unaudited)	(Unaudited)
			（未經審核）	（未經審核）
				(restated)
				（經重列）
Discontinued operations	已終止經營業務
Profit for the period from	已終止經營業務期內溢利
discontinued operations		6	-	3,957
Profit for the period	期內溢利		141,397	314,225
Profit for the period	期內溢利
For continuing operations	來自持續經營業務		141,397	310,268
For discontinued operations	來自已終止經營業務		-	3,957
Profit for the period	期內溢利		141,397	314,225
Earnings per share	每股盈利
For continuing and	就持續經營及已終止經營
discontinued operations	業務而言
Basic (HK cents)	基本（港仙）	8	13.0	30.8
Diluted (HK cents)	攤薄（港仙）	8	13.0	30.1
For continuing operations	就持續經營業務而言
Basic (HK cents)	基本（港仙）	8	13.0	30.4
Diluted (HK cents)	攤薄（港仙）	8	13.0	29.7

36 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

CONDENSEDCONSOLIDATEDSTATEMENTOFPROFITORLOSSANDOTHERCOMPREHENSIVEINCOME 簡明綜合損益及其他全面收益表

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

		For the six months
		ended 30 September
		截至九月三十日止六個月

		2019	2018
		二零一九年	二零一八年
		HK$'000	HK$'000
		港幣千元	港幣千元
		(Unaudited)	(Unaudited)
		（未經審核）	（未經審核）
Profit for the period	期內溢利	141,397	314,225
Other comprehensive expense:	其他全面支出：
Items that may be subsequently	可於其後重新分類至損益之
reclassified to profit or loss:	項目：
Exchange differences arising on	換算海外業務產生之
translation of foreign operations	匯兌差額	(128)	(6,344)
Share of exchange differences of	分佔合營企業之匯兌差額
a joint venture		(5,947)	(10,173)

		(6,075)	(16,517)
Total comprehensive income for	期內全面收益總額
the period		135,322	297,708

2019/2020年中期報告興勝創建控股有限公司

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 簡明綜合財務狀況表

AT 30 SEPTEMBER 2019 於二零一九年九月三十日

			30.9.2019	31.3.2019
			二零一九年	二零一九年
			九月三十日	三月三十一日
		NOTES	HK$'000	HK$'000
		附註	港幣千元	港幣千元
			(Unaudited)	(Audited)
			（未經審核）	（經審核）
Non-current assets	非流動資產
Investment properties	投資物業	9	3,131,140	2,225,570
Property, plant and equipment	物業、廠房及設備	9	384,642	393,119
Right-of-use assets	使用權資產	9	6,762	-
Interest in an associate	聯營公司之權益		7,158	7,110
Interests in joint ventures	合營企業之權益	10	472,871	396,984
Loans to joint ventures	合營企業貸款		248,699	498,289
Deposits paid for acquisition of	已付收購附屬公司
a subsidiary	按金	23(i)	37,040	-
Deposits paid and prepayment	已付收購投資物業
for acquisition of	按金及預付款項
investment properties	遞延稅項資產		-	90,465
Deferred tax assets		938	2,538

			4,289,250	3,614,075
Current assets	流動資產
Properties under development	發展中之待售物業
for sale	持作待售物業		324,161	322,596
Properties held for sale		7,441	7,441
Inventories	存貨		15,766	15,357
Contract assets	合約資產	11	224,238	267,080
Debtors, deposits and	應收款項、按金及
prepayments	預付款項	12	104,144	114,148
Amount due from	應收合營企業款項
a joint venture	應收關聯人士款項		17	17
Amount due from
a related party	合營企業貸款		-	24,364
Loans to joint ventures		342,911	24,209
Financial assets at fair value	透過損益按公平值計
through profit or loss	算之財務資產		407	519
Taxation recoverable	可退回稅項		7,783	10,394
Bank balances and cash	銀行結餘及現金		421,714	869,514

			1,448,582	1,655,639

38 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 簡明綜合財務狀況表

AT 30 SEPTEMBER 2019 於二零一九年九月三十日

			30.9.2019	31.3.2019
			二零一九年	二零一九年
			九月三十日	三月三十一日
		NOTES	HK$'000	HK$'000
		附註	港幣千元	港幣千元
			(Unaudited)	(Audited)
			（未經審核）	（經審核）
Current liabilities	流動負債
Trade and other payables	應付款項及其他
	應付款項	13	645,556	772,165
Provisions	撥備		83,084	87,637
Lease liabilities	租賃負債		5,078	-
Taxation payable	應付稅項		64,880	66,813
Bank loans - amounts due	銀行貸款－於一年內
within one year	應付款項	14	901,950	351,000
			1,700,548	1,277,615
Net current (liabilities) assets	流動（負債）資產淨值		(251,966)	378,024
Total assets less current liabilities	總資產減流動負債		4,037,284	3,992,099
Non-current liabilities	非流動負債
Deferred tax liabilities	遞延稅項負債		16,076	12,356
Provisions	撥備		156,015	200,299
Lease liabilities	租賃負債		4,884	-
			176,975	212,655
			3,860,309	3,779,444
Capital and reserves	資本及儲備
Share capital	股本	15	109,092	109,083
Reserves	儲備		3,751,217	3,670,361
			3,860,309	3,779,444

2019/2020年中期報告興勝創建控股有限公司

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 簡明綜合權益變動表

For the six months ended 30 September 2019

截至二零一九年九月三十日止六個月

					Attributable to owners of the Company
						本公司擁有人應佔

						Shares held
					Share-based	for share	Property
		Share	Contributed	Special	compensation	award	revaluation	Translation	Goodwill	Accumulated
		capital	surplus	reserve	reserve	scheme	reserve	reserve	reserve	profits	Total
						為股份
					以股份支付的	獎勵計劃而	物業
		股本	繳入盈餘	特別儲備	酬金儲備	持有之股份	重估儲備	換算儲備	商譽儲備	累計溢利	總計
		HK$'000	HK$'000	HK$'000	HK$'000	HK$'000	HK$'000	HK$'000	HK$'000	HK$'000	HK$'000
		港幣千元	港幣千元	港幣千元	港幣千元	港幣千元	港幣千元	港幣千元	港幣千元	港幣千元	港幣千元
At 1 April 2018	於二零一八年四月一日	104,618	332,869	21,941	67,752	(71,995)	26,554	8,062	(78)	3,222,152	3,711,875

Profit for the period	期內溢利	-	-	-	-	-	-	-	-	314,225	314,225
Exchange differences arising on	換算海外業務產生之
translation of foreign operations	匯兌差額	-	-	-	-	-	-	(6,344)	-	-	(6,344)
Share of exchange differences of	分佔合營企業之
a joint venture	匯兌差額	-	-	-	-	-	-	(10,173)	-	-	(10,173)

Total comprehensive (expense)	期內全面（支出）
income for the period	收益總額	-	-	-	-	-	-	(16,517)	-	314,225	297,708

Dividend paid (Note 7)	已付之股息（附註7）	-	-	-	-	-	-	-	-	(52,294)	(52,294)
Recognition of equity-settled	確認以權益結算及
share-based payments	以股份支付之款項	-	-	-	12,760	-	-	-	-	-	12,760
Award shares vested	歸屬獎勵股份	-	-	-	(67,024)	71,599	-	-	-	(4,575)	-
Share options lapsed	購股權失效	-	-	-	(69)	-	-	-	-	69	-

At 30 September 2018 (unaudited)	於二零一八年九月三十日
	（未經審核）	104,618	332,869	21,941	13,419	(396)	26,554	(8,455)	(78)	3,479,577	3,970,049

At 1 April 2019	於二零一九年四月一日	109,083	404,848	21,941	2,428	-	26,554	(2,452)	(78)	3,217,120	3,779,444
Profit for the period	期內溢利	-	-	-	-	-	-	-	-	141,397	141,397
Exchange differences arising on	換算海外業務產生之
translation of foreign operations	匯兌差額	-	-	-	-	-	-	(128)	-	-	(128)
Share of exchange differences of	分佔合營企業之
a joint venture	匯兌差額	-	-	-	-	-	-	(5,947)	-	-	(5,947)

Total comprehensive (expense)	期內全面（支出）
income for the period	收益總額	-	-	-	-	-	-	(6,075)	-	141,397	135,322

Dividend paid (Note 7)	已付之股息（附註7）	-	-	-	-	-	-	-	-	(54,546)	(54,546)
Issue of shares upon exercise of	行使購股權而發行之
share options	股份	9	93	-	(13)	-	-	-	-	-	89
Share options lapsed	購股權失效	-	-	-	(91)	-	-	-	-	91	-

At 30 September 2019 (unaudited)	於二零一九年九月三十日
	（未經審核）	109,092	404,941	21,941	2,324	-	26,554	(8,527)	(78)	3,304,062	3,860,309

40 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 簡明綜合現金流量表

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

			For the six months
			ended 30 September
			截至九月三十日止六個月

			2019	2018
			二零一九年	二零一八年
		NOTES	HK$'000	HK$'000
		附註	港幣千元	港幣千元
			(Unaudited)	(Unaudited)
			（未經審核）	（未經審核）
Operating cash flows before	營運資金變動前之
movements in working capital	營運現金流		1,727	60,727
Increase in properties under	發展中之待售物業增加
development for sale	合約資產╱負債淨額減少		(1,565)	(903,560)
Decrease in contract
assets/liabilities, net	應收款項、按金及		42,962	34,459
Decrease in debtors,
deposits and prepayments	預付款項減少		49,185	16,083
Decrease in trade and	應付款項及其他應付
other payables	款項減少		(128,832)	(11,713)
Utilisation of provisions	動用撥備		(52,975)	(63,408)
Other operating cash flows	其他營運現金流		(10,569)	(23,542)
Net cash used in	用於營運業務之現金淨額
operating activities			(100,067)	(890,954)
Investing activities	投資業務
Purchase of property,	添置物業、廠房及設備
plant and equipment	添置投資物業		(4,310)	(4,535)
Purchase of investment
properties	出售物業、廠房及		(491,514)	(36,746)
Proceeds from disposals of
property, plant and equipment	設備所得款項		43	848
Proceeds from disposal of	出售投資物業
investment properties	所得款項		31,903	-
Proceeds from disposal of assets	出售分類為持作
classified as held for sale	出售資產所得款項		-	278,712
Net cash outflows arising on	收購附屬公司產生之
acquisition of subsidiaries	現金流出淨額	18	(727,497)	(454,506)
Deposits paid for an investment	已付投資按金		-	(36,500)
Deposits paid for acquisition of	已付收購附屬公司按金
a subsidiary	合營企業貸款	23(i)	(37,040)	-
Loans to joint ventures		(69,112)	(237,138)
Net cash inflows arising on	出售附屬公司產生之
disposal of subsidiaries	現金流入淨額	18	428,726	-
Other investing cash flows	其他投資現金流		2,560	490
Repayment from a related party	關聯人士還款		24,364	-
Net cash used in investing	用於投資業務之現金淨額
activities			(841,877)	(489,375)

2019/2020年中期報告興勝創建控股有限公司

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 簡明綜合現金流量表

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

		For the six months
		ended 30 September
		截至九月三十日止六個月

		2019	2018
		二零一九年	二零一八年
		HK$'000	HK$'000
		港幣千元	港幣千元
		(Unaudited)	(Unaudited)
		（未經審核）	（未經審核）
Financing activities	融資業務
Dividends paid	已付之股息	(54,546)	(52,294)
New bank loans raised	新借銀行貸款	880,000	1,271,000
Repayment of bank loans	償還銀行貸款	(329,050)	(458,293)
Repayment of lease liabilities	償還租賃負債	(2,348)	-
Proceed from issue of shares	行使購股權而發行
upon exercise of share options	股份之所得款項	89	-
Net cash from financing activities	來自融資業務之現金淨額	494,145	760,413
Net decrease in cash and	現金及現金等值減少淨額
cash equivalents		(447,799)	(619,916)
Cash and cash equivalents at	期初現金及現金等值
the beginning of the period		869,514	1,070,124
Effect of foreign exchange rate	匯率變動之影響
changes		(1)	(3,796)
Cash and cash equivalents at	期末現金及現金等值
the end of the period		421,714	446,412
Analysis of balances of cash and	現金及現金等值結餘之
cash equivalents	分析
Bank balances and cash	銀行結餘及現金	421,714	443,610
Bank balances classified	分類為持作出售
as held for sale	銀行結餘	-	2,802
		421,714	446,412

42 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
1. BASIS OF PREPARATION	1. 編製基準
The condensed consolidated financial statements	本簡明綜合財務報表乃根據香港會計師
have been prepared in accordance with Hong	公會頒佈之香港會計準則第三十四號「中
Kong Accounting Standard 34 "Interim Financial	期財務報告」及香港聯合交易所有限公司
Reporting" issued by the Hong Kong Institute of	（「聯交所」）證券上市規則（「上市規則」）
Certified Public Accountants ("HKICPA") as well	附錄十六所載之適用披露規定所編製。
as with the applicable disclosure requirements of
Appendix 16 to the Rules Governing the Listing
of Securities on The Stock Exchange of Hong
Kong Limited (the "Stock Exchange") (the "Listing
Rules").
In preparing the condensed consolidated financial	在編製簡明綜合財務報表時，鑒於本
statements, the directors of the Company have	集團的流動負債超逾其流動資產港幣
given careful consideration to the future liquidity	251,966,000元，本公司董事已審慎考慮
of the Group in light of the fact that the Group's	本集團的未來流動資金狀況。於二零一九
current liabilities exceeded its current assets by	年九月三十日，本集團擁有銀行貸款合
HK$251,966,000. As at 30 September 2019, the	共港幣901,950,000元，被分類為流動負
Group has bank loans totaling HK$901,950,000,	債。根據本集團過往成功重續其借貸融資
which were classified as current liabilities. Based	之經驗，本公司董事有信心本集團將能於
on past experience that the Group has successfully	借貸融資到期時重續該等融資。
renewed its borrowing facilities, the directors of the
Company are confident that the Group will be able
to renew the borrowing facilities upon expiry.
The directors of the Company are of the opinion	本公司董事認為，經計及本集團未動用的
that, taking into account of the unutilised	銀行融資、內部產生的資金及本集團重續
banking facilities, the internally generated funds	如上所述借貸融資的能力，本集團擁有充
of the Group and the Group's ability to renew	足營運資金可滿足其自二零一九年九月
borrowing facilities as described above, the Group	三十日起計未來十二個月之需求。因此，
has sufficient working capital for its present	簡明綜合財務報表已按持續經營基準予
requirements for the next twelve months from	以編製。
30 September 2019. Accordingly, the condensed
consolidated financial statements have been
prepared on a going concern basis.

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES

The condensed consolidated financial statements have been prepared under the historical cost basis except for certain properties and financial instruments, which are measured at fair values.

Other than changes in accounting policies resulting from the application of new and amendments to Hong Kong Financial Reporting Standards ("HKFRSs"), the accounting policies and methods of computation used in the condensed consolidated financial statements for the six months ended 30 September 2019 are the same as those presented in the Group's annual financial statements for the year ended 31 March 2019.

2. 主要會計政策

除若干物業及財務工具乃以公平值計量外，本簡明綜合財務報表乃根據歷史成本基準編製。

除因採用新訂及經修訂香港財務報告準則導致之會計政策變動外，截至二零一九年九月三十日止六個月之簡明綜合財務報表所使用之會計政策及計算方式，與本集團截至二零一九年三月三十一日止年度之年度財務報表所呈列者一致。

Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs	則
In the current interim period, the Group has	於本中期期間，本集團首次採用下列由香
applied, for the first time, the following new and	港會計師公會頒佈並於二零一九年四月
amendments to HKFRSs issued by the HKICPA	一日或之後開始之年度期間強制生效之
which are mandatory effective for the annual	新訂及經修訂香港財務報告準則，以編製
period beginning on or after 1 April 2019 for the	本集團之簡明綜合財務報表：
preparation of the Group's condensed consolidated

financial statements:
HKFRS 16	Leases	香港財務報告準則	租賃
		第十六號
HK(IFRIC) - Int 23	Uncertainty over Income Tax Treatments	香港（國際財務報告	所得稅之不確定性之
		詮釋委員會）	處理
		－詮釋第二十三號
Amendments to	Prepayment Features with	香港財務報告準則	具有負補償之
HKFRS 9	Negative Compensation	第九號（修訂本）	提前還款特點
Amendments to	Plan Amendment, Curtailment or	香港會計準則第十九號	計劃修正、縮減或清償
HKAS 19	Settlement	（修訂本）
Amendments to	Long-term Interests in Associates and	香港會計準則第	於聯營公司及
HKAS 28	Joint Ventures	二十八號（修訂本）	合營企業之長期權益
Amendments to	Annual Improvements to	香港財務報告準則	香港財務報告準則
HKFRSs	HKFRSs 2015 - 2017 Cycle	（修訂本）	二零一五年至
			二零一七年週期之
			年度改進

44 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES

(continued)

Application of new and amendments to

HKFRSs (continued)

Except as described below, the application of the new and amendments to HKFRSs in the current period has had no material impact on the Group's financial performance and positions for the current and prior periods and/or on the disclosures set out in these condensed consolidated financial statements.

2.1 Impacts and changes in accounting policies of application on HKFRS 16 "Leases"

The Group has applied HKFRS 16 for the first time in the current interim period. HKFRS 16 superseded HKAS 17 "Leases" ("HKAS 17"), and the related interpretations.

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

The Group applied the following accounting policies in accordance with the transition provisions of HKFRS 16.

Definition of a lease

A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

For contracts entered into or modified on or after the date of initial application, the Group assesses whether a contract is or contains a lease based on the definition under HKFRS 16 at inception or modification date. Such contract will not be reassessed unless the terms and conditions of the contract are subsequently changed.

2. 主要會計政策（續）

採用新訂及經修訂香港財務報告準

則（續）

除下文所述外，本期間應用新訂及經修訂香港財務報告準則對本集團於本期間及過往期間之財務表現及狀況及 ╱ 或於該等簡明綜合財務報表所載之披露事項並無重大影響。

2.1 應用香港財務報告準則第十六號「租賃」之影響及會計政策變動

本集團已於本中期期間首次應用香港財務報告準則第十六號。香港財務報告準則第十六號取代香港會計準則第十七號「租賃」及相關詮釋。

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

本集團已根據香港財務報告準則第十六號之過渡性條文應用以下會計政策。

租賃之定義

倘合約為換取代價而給予在一段時間內控制可識別資產使用之權利，則該合約為租賃或包含租賃。

就於首次應用日期或之後訂立或修訂之合約而言，本集團於開始或修改日期按香港財務報告準則第十六號項下之定義評估合約是否為或是否包含租賃。除非合約之條款及條件其後變動，否則有關合約將不予重新評估。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES

(continued)

Application of new and amendments to

HKFRSs (continued)

2.1 Impacts and changes in accounting policies of application on HKFRS 16 "Leases" (continued)

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

(continued)

As a lessee Short-termleases

The Group applies the short-term lease recognition exemption to leases of office properties that have a lease term of 12 months or less from the commencement date and do not contain a purchase option. It also applies the recognition exemption for lease of low-value assets. Lease payments on short-term leases are recognised as expense on a straight-line basis over the lease term.

Right-of-use assets

Except for short-term leases, the Group recognises right-of-use assets at the commencement date of the lease (i.e. the date the underlying asset is available for use). Except for those that are classified as investment properties and measured under fair value model, right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities.

2. 主要會計政策（續）

採用新訂及經修訂香港財務報告準

則（續）

2.1 應用香港財務報告準則第十六號「租賃」之影響及會計政策變動（續）

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

（續）

作為承租人

短期租賃

對於租期自開始日期起計為十二個月或以內且並無包含購買選擇權的辦公室物業租賃，本集團應用短期租賃確認豁免。本集團亦就低價值資產租賃應用確認豁免。短期租賃的租賃款項按直線法於租賃期內確認為開支。

使用權資產

除短期租賃外，本集團於租賃開始日期（即相關資產可供使用日期）確認使用權資產。除分類為投資物業並按公平值模式計量者外，使用權資產按成本減任何累計折舊及減值虧損計量，並就租賃負債之任何重新計量作出調整。

46 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

(continued)

As a lessee (continued)

Right-of-use assets (continued)

The cost of right-of-use asset includes:

the amount of the initial measurement of the lease liability;
any lease payments made at or before the commencement date, less any lease incentives received;
any initial direct costs incurred by the Group; and
an estimate of costs to be incurred by the Group in dismantling and removing the underlying assets, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease.

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

（續）

作為承租人（續）

使用權資產（續）

使用權資產的成本包括：

租賃負債的初始計量金額；
於開始日期或之前所作任何租賃款項，減任何已收取租金優惠；
本集團產生的任何初始直接成本；及
本集團拆除及移除相關資產、修復相關資產所在場地或將相關資產恢復至租賃條款及條件所規定狀態將會產生的成本估計。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

(continued)

As a lessee (continued)

Right-of-use assets (continued)

Right-of-use assets in which the Group is reasonably certain to obtain ownership of the underlying leased assets at the end of the lease term is depreciated from commencement date to the end of the useful life. Otherwise, right-of-use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term.

The Group presents right-of-use assets that do not meet the definition of investment property as a separate line item on the condensed consolidated statement of financial position. The right- of-use assets that meet the definition of investment property are presented within "investment properties".

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

（續）

作為承租人（續）

使用權資產（續）

就本集團於租期結束時合理確定獲取相關租賃資產之權益的使用權資產而言，有關使用權資產自開始日期起至可使用年期結束期間計提折舊。否則，使用權資產於其估計可使用年期及租期（以較短者為準）內以直線法折舊。

本集團將不符合投資物業定義的使用權資產單獨呈列於簡明綜合財務狀況表內。符合投資物業定義的使用權資產呈列於

「投資物業」內。

48 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES

(continued)

Application of new and amendments to

HKFRSs (continued)

2.1 Impacts and changes in accounting policies of application on HKFRS 16 "Leases" (continued)

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

(continued)

As a lessee (continued)

Leasehold land and building

For payments of a property interest which includes both leasehold land and building elements, the entire property is presented as property, plant and equipment of the Group when the payments cannot be allocated reliably between the leasehold land and building elements, except for those that are classified and accounted for as investment properties.

Refundable rental deposits

Refundable rental deposits paid are accounted under HKFRS 9 "Financial Instruments" ("HKFRS 9") and initially measured at fair value. Adjustments to fair value at initial recognition are considered as additional lease payments and included in the cost of right-of-use assets.

2. 主要會計政策（續）

採用新訂及經修訂香港財務報告準

則（續）

2.1 應用香港財務報告準則第十六號「租賃」之影響及會計政策變動（續）

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

（續）

作為承租人（續）

租賃土地及樓宇

就包括租賃土地及樓宇部分之物業權益之款項而言，當款項未能於租賃土地及樓宇部分之間可靠分配時，則整項物業呈列為本集團之物業、廠房及設備（除該等分類及入賬列為投資物業外）。

可退回租賃按金

已付可退回租賃按金根據香港財務報告準則第九號「財務工具」入賬並初始按公平值計量。於初始確認時之公平值之調整被視為額外租賃款項並計入使用權資產之成本。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES

(continued)

Application of new and amendments to

HKFRSs (continued)

2.1 Impacts and changes in accounting policies of application on HKFRS 16 "Leases" (continued)

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

(continued)

As a lessee (continued)

Lease liabilities

At the commencement date of a lease, the Group recognises and measures the lease liability at the present value of lease payments that are unpaid at that date. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable.

The lease payments include:

fixed payments (including in- substance fixed payments) less any lease incentives receivable;
variable lease payments that depend on an index or a rate;
amounts expected to be paid under residual value guarantees;

2. 主要會計政策（續）

採用新訂及經修訂香港財務報告準

則（續）

2.1 應用香港財務報告準則第十六號「租賃」之影響及會計政策變動（續）

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

（續）

作為承租人（續）

租賃負債

於租賃開始日期，本集團按當日未付租賃款項現值確認及計量租賃負債。倘租賃隱含的利率難以釐定，則本集團會使用租賃開始日期的增額借款利率計算租賃款項的現值。

租賃款項包括：

固定付款（包括實質固定付款）減任何應收租賃優惠；
基於指數或利率的可變租賃款項；
剩餘價值擔保下的預期應付款項；

50 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

(continued)

As a lessee (continued)

Lease liabilities (continued)

the exercise price of a purchase option reasonably certain to be exercised by the Group; and
payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate.

After the commencement date, lease liabilities are adjusted by interest accretion and lease payments.

The Group remeasures lease liabilities (and makes a corresponding adjustment to the related right-of-use assets) whenever the lease term has changed or there is a change in the assessment of exercise of a purchase option, in which case the related lease liability is remeasured by discounting the revised lease payments using a revised discount rate at the date of reassessment.

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

（續）

作為承租人（續）

租賃負債（續）

本集團合理確定將予行使之購買選擇權之行使價；及
支付終止租賃的罰款（倘租賃條款反映本集團行使權利終止租賃）。

於開始日期後，租賃負債按利息增長及租賃款項調整。

當租賃期有所變動或行使購買選擇權的評估發生變化，在該情況下，相關租賃負債透過使用於重新評估日期之經修訂貼現率貼現經修訂租賃款項而重新計量時，本集團重新計量租賃負債（並就相關使用權資產作出相應調整）。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）
2.1.1 Key changes in accounting policies	2.1.1 應用香港財務報告準則第十六
resulting from application of HKFRS 16	號導致之主要會計政策變動
(continued)	（續）
As a lessee (continued)	作為承租人（續）
Lease liabilities (continued)	租賃負債（續）
The Group presents lease liabilities as	本集團於簡明綜合財務狀況表
a separate line item on the condensed	內將租賃負債作為單獨項目呈
consolidated statement of financial	列。
position.
Lease modifications	租賃修訂
The Group accounts for a lease modification	倘出現以下情況，則本集團將
as a separate lease if:	租賃修訂作為一項單獨的租賃
	入賬：
• the modification increases the scope	• 該項修訂通過增加使用
of the lease by adding the right to	一項或多項相關資產的
use one or more underlying assets;	權利擴大租賃範圍；及
and

52 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES

(continued)

Application of new and amendments to

HKFRSs (continued)

2.1 Impacts and changes in accounting policies of application on HKFRS 16 "Leases" (continued)

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

(continued)

As a lessee (continued)

Lease modifications (continued)

the consideration for the leases increases by an amount commensurate with the stand-alone price for the increase in scope and any appropriate adjustments to that stand-alone price to reflect the circumstances of the particular contract.

For a lease modification that is not accounted for as a separate lease, the Group remeasures the lease liability based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification.

2. 主要會計政策（續）

採用新訂及經修訂香港財務報告準

則（續）

2.1 應用香港財務報告準則第十六號「租賃」之影響及會計政策變動（續）

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

（續）

作為承租人（續）

租賃修訂（續）

增加租賃的代價，增加的金額相當於範圍擴大對應的單獨價格及對單獨價格進行的任何適當調整以反映特定合約的情況。

就並不以單獨租賃入賬之租賃修訂而言，本集團透過使用於修訂生效日期之經修訂貼現率貼現經修訂租賃款項按經修訂租賃之租期重新計量租賃負債。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES

(continued)

Application of new and amendments to

HKFRSs (continued)

2.1 Impacts and changes in accounting policies of application on HKFRS 16 "Leases" (continued)

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

(continued)

As a lessee (continued)

Taxation

For the purposes of measuring deferred tax for leasing transactions in which the Group recognises the right-of-use assets and the related lease liabilities, the Group first determines whether the tax deductions are attributable to the right- of-use assets or the lease liabilities.

For leasing transactions in which the tax deductions are attributable to the lease liabilities, the Group applies HKAS 12 "Income Taxes" requirements to right-of- use assets and lease liabilities separately. Temporary differences relating to right- of-use assets and lease liabilities are not recognised at initial recognition and over the lease terms due to application of the initial recognition exemption.

2. 主要會計政策（續）

採用新訂及經修訂香港財務報告準

則（續）

2.1 應用香港財務報告準則第十六號「租賃」之影響及會計政策變動（續）

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

（續）

作為承租人（續）

稅項

為計量本集團確認使用權資產及相關租賃負債之租賃交易之遞延稅項，本集團首先釐定稅項扣減是否歸屬於使用權資產或租賃負債。

就稅項扣減歸屬於租賃負債的租賃交易而言，本集團就使用權資產及租賃負債單獨應用香港會計準則第十二號「所得稅」的規定。因應用初始確認豁免，於初始確認時及租期內均不會確認與使用權資產及租賃負債有關的臨時差異。

54 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）
2.1.1 Key changes in accounting policies	2.1.1 應用香港財務報告準則第十六
resulting from application of HKFRS 16	號導致之主要會計政策變動
(continued)	（續）
As a lessor	作為出租人

Allocation of consideration to components of a contract

Effective on 1 April 2019, the Group applies HKFRS 15 "Revenue from Contracts with Customers" ("HKFRS 15") to allocate consideration in a contract to lease and non-lease components. Non- lease components are separated from lease component on the basis of their relative stand-alone selling prices.

Refundable rental deposits

Refundable rental deposits received are accounted under HKFRS 9 and initially measured at fair value. Adjustments to fair value at initial recognition are considered as additional lease payments from lessees.

分配代價至合約組成部分

於二零一九年四月一日生效，本集團應用香港財務報告準則第十五號「來自客戶合約之收入」以分配合約之代價至租賃及非租賃組成部分。非租賃組成部分基於其相對單獨售價與租賃組成部分分開。

可退回租賃按金

已收取之可退回租賃按金根據香港財務報告準則第九號入賬並初步按公平值計量。於初步確認時之公平值之調整被視為承租人之額外租賃款項。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES

(continued)

Application of new and amendments to

HKFRSs (continued)

2.1 Impacts and changes in accounting policies of application on HKFRS 16 "Leases" (continued)

2.1.1 Key changes in accounting policies resulting from application of HKFRS 16

(continued)

As a lessor (continued)

Sublease

When the Group is an intermediate lessor, it accounts for the head lease and the sublease as two separate contracts. The sub-lease is classified as a finance or operating lease by reference to the right- of-use asset arising from the head lease, not with reference to the underlying asset.

Lease modification

The Group accounts for a modification to an operating lease as a new lease from the effective date of the modification, considering any prepaid or accrued lease payments relating to the original lease as part of the lease payments for the new lease.

2. 主要會計政策（續）

採用新訂及經修訂香港財務報告準

則（續）

2.1 應用香港財務報告準則第十六號「租賃」之影響及會計政策變動（續）

2.1.1 應用香港財務報告準則第十六號導致之主要會計政策變動

（續）

作為出租人（續）

分租

當本集團為中介出租人時，其將主租賃事項及分租事項入賬列為兩份獨立合約。分租事項將參考主租賃事項產生的使用權資產分類為融資或經營租賃，而非參考相關資產。

租賃修訂

本集團自修訂生效日期起將經營租賃之修訂入賬為新租賃，將任何與原有租賃有關之預付或應付租賃款項視作新租賃之租賃款項之一部分。

56 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）
2.1.2 Transition and summary of effects arising	2.1.2 首次應用香港財務報告準則第
from initial application of HKFRS 16	十六號產生之過渡及影響概要
Definition of a lease	租賃之定義
The Group has elected the practical	本集團已選擇可行權宜方法，
expedient to apply HKFRS 16 to contracts	就先前應用香港會計準則第
that were previously identified as leases	十七號及香港（國際財務報告
applying HKAS 17 and HK(IFRIC) - Int 4	詮釋委員會）－詮釋第四號
"Determining whether an Arrangement	「釐定安排是否包含租賃」識
contains a Lease" and not apply this	別為租賃的合約應用香港財務
standard to contracts that were not	報告準則第十六號，而並無對
previously identified as containing a lease.	先前並未識別為包括租賃的合
Therefore, the Group has not reassessed	約應用該準則。因此，本集團
contracts which already existed prior to	並無重新評估於首次應用日期
the date of initial application.	前已存在的合約。
For contracts entered into or modified on	就於二零一九年四月一日或之
or after 1 April 2019, the Group applies	後訂立或修訂的合約而言，本
the definition of a lease in accordance	集團於評估合約是否包含租賃
with the requirements set out in HKFRS 16	時根據香港財務報告準則第
in assessing whether a contract contains a	十六號所載的規定應用租賃的
lease.	定義。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）

2.1.2 Transition and summary of effects arising from initial application of HKFRS 16

(continued)

As a lessee

The Group has applied HKFRS 16 retrospectively with the cumulative effect recognised at the date of initial application, 1 April 2019. Any difference at the date of initial application is recognised in the opening accumulated profits and comparative information has not been restated.

When applying the modified retrospective approach under HKFRS 16 at transition, the Group applied the following practical expedients to leases previously classified as operating leases under HKAS 17, on lease-by-lease basis, to the extent relevant to the respective lease contracts:

relied on the assessment of whether leases are onerous by applying HKAS 37 "Provisions, Contingent Liabilities and Contingent Assets" as an alternative of impairment review;

2.1.2 首次應用香港財務報告準則第十六號產生之過渡及影響概要

（續）

作為承租人

本集團已追溯應用香港財務報告準則第十六號，而累積影響已於二零一九年四月一日首次應用當日確認。於首次應用日期的一切差異已於期初累計溢利確認，且並無重列比較資料。

於應用香港財務報告準則第十六號過渡時項下之經修訂追溯法時，本集團按逐項租賃基準就先前根據香港會計準則第十七號分類為經營租賃且與各租賃合約相關之租賃應用以下可行權宜方法：

依賴透過應用香港會計準則第三十七號「撥備、或然負債及或然資產」作為減值審閱之替代方法，評估租賃是否屬虧損；

58 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）

2.1.2 Transition and summary of effects arising from initial application of HKFRS 16

(continued)

As a lessee (continued)

elected not to recognise right-of- use assets and lease liabilities for leases with lease term ends within 12 months of the date of initial application; and
excluded initial direct costs from measuring the right-of-use assets at the date of initial application.

On transition, the Group has made the following adjustments upon application of HKFRS 16:

As at 1 April 2019, the Group recognised lease liabilities and measured right-of- use assets at the carrying amounts equal to the related lease liabilities by applying HKFRS 16.C8(b)(ii) transaction.

2.1.2 首次應用香港財務報告準則第十六號產生之過渡及影響概要

（續）

作為承租人（續）

選擇不就租期於首次應用日期起計十二個月內結束之租賃確認使用權資產及租賃負債；及
於首次應用日期計量使用權資產時撇除初始直接成本。

於過渡時，本集團已於應用香港財務報告準則第十六號後作出以下調整：

於二零一九年四月一日，本集團透過應用香港財務報告準則第十六號第C8(b)(ii)項過渡法確認租賃負債及並按與相關租賃負債相同之賬面值釐定使用權資產。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）
2.1.2 Transition and summary of effects arising	2.1.2 首次應用香港財務報告準則第
from initial application of HKFRS 16	十六號產生之過渡及影響概要
(continued)	（續）
As a lessee (continued)	作為承租人（續）
The Group recognised lease liabilities	本集團於二零一九年四月
of HK$9,928,000, right-of-use assets of	一日確認租賃負債為港幣
HK$6,723,000 and investment properties	9,928,000元、使用權資產為
of HK$3,205,000 as at 1 April 2019.	港幣6,723,000元及投資物業
	為港幣3,205,000元。
When recognising the lease liabilities for	當就先前分類為經營租賃之租
leases previously classified as operating	賃確認租賃負債時，本集團已
leases, the Group has applied incremental	應用於首次應用日期之相關集
borrowing rates of the relevant group	團實體之增額借款利率。相關
entities at the date of initial application.	集團實體所應用之承租人加權
The weighted average lessee's incremental	平均增額借款利率介乎4.0%
borrowing rate applied by the relevant	至6.0%。
group entity range from 4.0% to 6.0%.

60 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

			FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
			截至二零一九年九月三十日止六個月
2. PRINCIPAL ACCOUNTING POLICIES		2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)		則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）
2.1.2 Transition and summary of effects arising	2.1.2 首次應用香港財務報告準則第
from initial application of HKFRS 16		十六號產生之過渡及影響概要
(continued)		（續）
As a lessee (continued)		作為承租人（續）
				At 1.4.2019
				二零一九年
				四月一日
				HK$'000
				港幣千元
Operating lease commitments	於二零一九年三月三十一日
	disclosed as at 31 March 2019	披露的經營租賃承擔	13,135
Add: Extension options reasonably	加：合理確定行使續租選擇權
	certain to be exercised			2,700
Less: Recognition exemption	減：確認豁免－短期租賃
	- short-term leases			(617)

				15,218

Lease liabilities discounted at	於二零一九年四月一日應用香港財務
	relevant incremental borrowing	報告準則第十六號時確認與
	rates relating to operating leases	經營租賃有關之按相關增額
	recognised upon application of	借款利率貼現之租賃負債
	HKFRS 16 as at 1 April 2019			9,928

Analysed as	分析為
	Current	流動		4,191
	Non-current	非流動		5,737

				9,928

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）
2.1.2 Transition and summary of effects arising	2.1.2 首次應用香港財務報告準則第
from initial application of HKFRS 16	十六號產生之過渡及影響概要
(continued)	（續）
As a lessee (continued)	作為承租人（續）
	The carrying amount of right-of-use	於二零一九年四月一日之使用
	assets as at 1 April 2019 comprises the	權資產賬面值包括以下項目：
	following:
		Right-of-
		use assets
		使用權資產
		HK$'000
		港幣千元

Right-of-use assets relating to operating leases recognised upon application of HKFRS 16 (Note)

應用香港財務報告準則第十六號時確認與經營租賃有關的使用權資產

（附註）

9,928

By class:	按類別：
Land and buildings	土地及樓宇	6,723
Land and buildings classified	分類為投資物業項下的土地及樓宇
under investment properties		3,205

		9,928

62 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）
2.1.2 Transition and summary of effects arising	2.1.2 首次應用香港財務報告準則第
from initial application of HKFRS 16	十六號產生之過渡及影響概要
(continued)	（續）
As a lessee (continued)	作為承租人（續）
Note: At the date of initial application, leased	附註：於初始應用日期，分租事項下
properties under subleases were assessed and	的租賃物業根據該日的主租賃
classified as an operating lease individually	事項及分租事項的餘下合約條
based on the remaining contractual terms	款及條件單獨評估並分類為經
and conditions of the head lease and the	營租賃。根據本集團有關投資
sublease at that date. All lease properties	物業的會計政策，於初始應用
under subleases of HK$3,205,000 as at the	日期分租事項下港幣3,205,000
date of initial application were classified	元的所有租賃物業被分類為經
as operating leases and remeasured to fair	營租賃，並於初始應用日期重
value at the date of initial application in	新計量為公平值。
accordance with the Group's accounting
policies for investment properties.
Effective from 1 April 2019, leasehold	自二零一九年四月一日起生
land which were classified as properties	效，被分類為發展中之待售物
under development for sale/properties	業╱持作待售物業的租賃土地
held for sale are measured under	根據香港財務報告準則第十六
HKFRS 16 at cost less any accumulated	號以成本減任何累計折舊及任
depreciation and any impairment losses.	何減值虧損計量。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）

2.1.2 Transition and summary of effects arising from initial application of HKFRS 16

(continued)

As a lessor

In accordance with the transitional provisions in HKFRS 16, the Group is not required to make any adjustment on transition for leases in which the Group is a lessor but account for these leases in accordance with HKFRS 16 from the date of initial application and comparative information has not been restated.

Before application of HKFRS 16, refundable rental deposits received were considered as rights and obligations under leases to which HKAS 17 applied. Based on the definition of lease payments under HKFRS 16, such deposits are not payments relating to the right-of- use assets. The discounting effect has no material impact on the condensed consolidated financial statements of the Group for the current period.

2.1.2 首次應用香港財務報告準則第十六號產生之過渡及影響概要

（續）

作為出租人

根據香港財務報告準則第十六號之過渡性條文，本集團毋須就本集團為出租人之租賃於過渡時作出任何調整，惟須根據香港財務報告準則第十六號自首次應用日期起為該等租賃入賬，而比較資料並未經重列。

於應用香港財務報告準則第十六號前，所收取的可退回租賃按金被視為應用香港會計準則第十七號的租賃的權利及義務。根據香港財務報告準則第十六號租賃款項的定義，該等按金並非為與使用權資產相關的付款。貼現影響對本集團本期間之簡明綜合財務狀況表並無重大影響。

64 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)	則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）

2.1.2 Transition and summary of effects arising from initial application of HKFRS 16

(continued)

As a lessor (continued)

There is no impact of transition to HKFRS 16 on accumulated profits at 1 April 2019.

The following adjustments were made to the amounts recognised in the condensed consolidated statement of financial position at 1 April 2019. Line items that were not affected by the changes have not been included.

2.1.2 首次應用香港財務報告準則第十六號產生之過渡及影響概要

（續）

作為出租人（續）

過渡至香港財務報告準則第十六號對二零一九年四月一日累計溢利並無影響。

下列為對於二零一九年四月一日之簡明綜合財務狀況表中確認之金額所作出的調整。未受變動影響的項目不計入在內。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

2. PRINCIPAL ACCOUNTING POLICIES	2. 主要會計政策（續）
(continued)
Application of new and amendments to	採用新訂及經修訂香港財務報告準
HKFRSs (continued)		則（續）
2.1 Impacts and changes in accounting policies of	2.1 應用香港財務報告準則第十六號「租
application on HKFRS 16 "Leases" (continued)	賃」之影響及會計政策變動（續）
2.1.2 Transition and summary of effects arising	2.1.2 首次應用香港財務報告準則第
from initial application of HKFRS 16	十六號產生之過渡及影響概要
(continued)		（續）
As a lessor (continued)		作為出租人（續）
			Carrying		Carrying
			amounts		amounts
			previously		under
			reported at		HKFRS 16
			31.3.2019	Adjustments	at 1.4.2019
					根據
					香港財務報告
			先前		準則第十六號
			於二零一九年		於二零一九年
			三月三十一日		四月一日之
			呈報之賬面值	調整	賬面值
			HK$'000	HK$'000	HK$'000
			港幣千元	港幣千元	港幣千元
	Non-current assets	非流動資產
	Right-of-use assets	使用權資產	-	6,723	6,723
	Investment properties	投資物業	2,225,570	3,205	2,228,775
	Current liability	流動負債
	Lease liabilities	租賃負債	-	(4,191)	(4,191)
	Non current liability	非流動負債
	Lease liabilities	租賃負債	-	(5,737)	(5,737)

	Note: For the purpose of reporting cash flows	附註：就截至二零一九年九月三十日
	under indirect method for the period ended		止期間根據間接方法呈報現金
	30 September 2019, movements in working		流量而言，營運資金變動已根
	capital have been computed based on		據上文所披露於二零一九年四
	opening condensed consolidated statement		月一日的期初簡明綜合財務狀
	of financial position as at 1 April 2019 as		況表計算得出。
	disclosed above.

66 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

3. REVENUE AND SEGMENT	3. 收入及分類資料
INFORMATION

Revenue represents the aggregate of the amounts received or receivable from construction contracts, interior and renovation contracts, installation of building materials, sales of health products, provision of property agency and management services and rental income from property investment.

收入指來自建築工程合約、裝飾及維修工程合約、安裝建築材料、健康產品之銷售、提供物業代理及管理服務以及物業投資之租金收入已收或應收款項總金額。

Disaggregation of revenue

收入分列

For the six months ended 30 September

截至九月三十日止六個月

20192018

二零一九年二零一八年

HK$'000 HK$'000

港幣千元港幣千元

Continuing operations

Recognised over time:

Revenue from construction contract work

Revenue from interior and renovation contracts

Revenue from installation of building materials

Property management service income

Recognised at a point in time: Sales of health products Property agency service income

持續經營業務隨時間確認：

建築工程合約之收入
裝飾及維修工程合約之	247,440	901,811

收入	66,004	77,137
安裝建築材料之收入
物業管理服務收入	19,840	75,400

	2,505	4,022
在某個時間點確認：
健康產品之銷售金額	25,663	29,111
物業代理服務收入	1,758	4,726

Revenue from contracts with	來自客戶合約之收入
customers	物業投資之租賃收入	363,210	1,092,207
Lease income from property
investment		20,633	15,646

		383,843	1,107,853

Geographical market:	地區市場：
Hong Kong	香港	383,843	1,107,853

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

3. REVENUE AND SEGMENT INFORMATION (continued)

Segment information

The Group is organised into seven operating divisions: construction, interior and renovation works, design, supply and installation of building materials, sales of health products, property investment, property development and provision of property agency and management services. These divisions are the basis on which the Group reports its financial information internally and are regularly reviewed by the executive directors of the Company, being the chief operating decision makers, for the purpose of allocating resources to segments and assessing their performance.

The design, supply and installation of aluminum windows and curtain walls business included in "building materials" segment was discontinued on 18 March 2019, upon the disposal of Million Hope Industries Holdings Limited ("Million Hope") and its subsidiaries (collectively referred to as "Million Hope Group") by way of distribution in specie. The segment information for the six months ended 30 September 2018 reported below does not include any amounts for these discontinued operations. For details of the discontinued operations, please refer to note 6.

3. 收入及分類資料（續）

分類資料

本集團主要經營範疇分為七類：建築、裝飾及維修工程、建築材料設計、供應及安裝、健康產品之銷售、物業投資、物業發展及物業代理及管理服務之提供。本集團根據此等分類為基準報告其內部財務資料，並由本公司執行董事（為主要經營決策者）定期審閱以分配各分類間之資源及評估分類間之表現。

以實物分派方式出售美亨實業控股有限公司（「美亨」）及其附屬公司（統稱為「美亨集團」）之後，計入「建築材料」分類之設計、供應及安裝鋁窗及幕牆業務已於二零一九年三月十八日終止經營。下列呈報之截至二零一八年九月三十日止六個月之分類資料並不包括該等已終止經營業務之任何款項。已終止經營業務

之詳情請參閱附註6。

68 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

3. REVENUE AND SEGMENT

3. 收入及分類資料（續）

INFORMATION (continued)

Segment information (continued)

分類資料（續）

(a) Segment revenues and results

(a)

分類收入及業績

The following is an analysis of the Group's

以下為本集團各經營及可呈報分類

revenue and results by operating and

之收入及業績之分析：

reportable segment:

Continuing operations

持續經營業務

For the six months ended 30 September 2019

截至二零一九年九月三十日止六個

月

Property

Interior and

Building

Health

Property

agency and

Segment

Construction

renovation

materials

products

investment

development

management

total

Eliminations

Consolidated

物業代理及

建築

裝飾及維修

建築材料

健康產品

物業投資

物業發展

管理

分類總計

撇銷

綜合

HK$'000

港幣千元

REVENUE

收入

External sales

對外銷售

247,440

66,004

19,840

25,663

20,633

4,263

383,843

Inter-segment sales*

分類業務間之銷售*

556

10,073

3,786

3,408

8,076

25,906

(25,906)

Total

總計

247,996

76,077

23,626

25,670

24,041

12,339

409,749

(25,906)

383,843

RESULTS

業績

Segment result

分類業績

23,219

1,914

535

(3,273)

129,549

4,229

313

156,486

Unallocated expenses

未分配支出

(8,881)

除稅前溢利

Profit before taxation

147,605

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

3. REVENUE AND SEGMENT

3. 收入及分類資料（續）

INFORMATION (continued)

Segment information (continued)

分類資料（續）

(a) Segment revenues and results (continued)

(a) 分類收入及業績（續）

Continuing operations (continued)

持續經營業務（續）

For the six months ended 30 September 2018

截至二零一八年九月三十日止六個

(restated)

月（經重列）

Property

Interior and

Building

Health

Property

agency and

Segment

Construction

renovation

materials

products

investment

development

management

total

Eliminations

Consolidated

物業代理及

建築

裝飾及維修

建築材料

健康產品

物業投資

物業發展

管理

分類總計

撇銷

綜合

HK$'000

港幣千元

REVENUE

收入

External sales

對外銷售

901,811

77,137

75,400

29,111

15,646

8,748

1,107,853

Inter-segment sales*

分類業務間之銷售*

335

26,038

354

3,434

9,366

39,534

(39,534)

Total

總計

902,146

103,175

75,754

29,118

19,080

18,114

1,147,387

(39,534)

1,107,853

RESULTS

業績

Segment result

分類業績

27,467

2,706

204

(439)

277,663

22,341

166

330,108

Unallocated expenses

未分配支出

(16,918)

除稅前溢利

Profit before taxation

313,190

* Inter-segment sales are charged by reference to

分類業務間之銷售乃參考市價計算。

market prices.

The accounting policies of the operating

各經營分類間之會計政策與本集團

segments are the same as the Group's

之會計政策一致。分類業績代表每

accounting policies. Segment results represent

個分類產生之業績，並未分配總部

the results from each segment without

及業務經營不活躍之附屬公司之行

allocation of administration costs incurred by

政成本。此乃向主要經營決策者呈

head office and the inactive subsidiaries. This

報以作資源分配及表現評估之目

is the measure reported to the chief operating

的。

decision makers for the purposes of resource

allocation and performance assessment.

70 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

3. REVENUE AND SEGMENT	3. 收入及分類資料（續）
INFORMATION (continued)
Segment information (continued)	分類資料（續）
(b) Segment assets and liabilities	(b)	分類資產及負債
	The following is an analysis	of the Group's	以下為本集團各經營及可呈報分類
	assets and liabilities by operating and	之資產及負債之分析：
	reportable segment:

				30.9.2019	31.3.2019
				二零一九年	二零一九年
				九月三十日	三月三十一日
				HK$'000	HK$'000
				港幣千元	港幣千元
	Segment assets	分類資產
	Construction	建築		599,948	1,246,014
	Interior and renovation	裝飾及維修		123,565	107,514
	Building materials	建築材料		36,458	64,784
	Health products	健康產品		41,549	45,351
	Property investment	物業投資		4,015,947	2,870,116
	Property development	物業發展		844,238	801,917
	Property agency and	物業代理及管理
	management			41,669	67,996
	Total segment assets	分類資產總額		5,703,374	5,203,692
	Unallocated assets	未分配資產		34,458	66,022
	Consolidated assets	綜合資產		5,737,832	5,269,714
	Segment liabilities	分類負債
	Construction	建築		597,087	786,463
	Interior and renovation	裝飾及維修		45,066	51,305
	Building materials	建築材料		5,853	8,665
	Health products	健康產品		6,770	3,007
	Property investment	物業投資		968,014	382,777
	Property development	物業發展		9,517	8,776
	Property agency and	物業代理及管理
	management			1,864	1,297
	Total segment liabilities	分類負債總額		1,634,171	1,242,290
	Unallocated liabilities	未分配負債		243,352	247,980
	Consolidated liabilities	綜合負債		1,877,523	1,490,270

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

4. PROFIT BEFORE TAXATION	4.	除稅前溢利
				For the six months
				ended 30 September
				截至九月三十日止六個月

				2019	2018
				二零一九年	二零一八年
				HK$'000	HK$'000
				港幣千元	港幣千元

Continuing operations	持續經營業務
Profit before taxation has been	除稅前溢利已扣除
	arrived at after charging	（計入）：
	(crediting):
Depreciation of property, plant	物業、廠房及設備之折舊
	and equipment			11,387	11,643
Less: Depreciation expenses	減：已包含於銷售成本之
	included in the cost of sales	折舊支出		(1,359)	(1,520)
				10,028	10,123

Depreciation of right-of-use assets 使用權資產之折舊		2,314	-
Short-term lease expenses	短期租賃支出		547	-

72 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

5. TAXATION		5. 稅項支出
				For the six months
				ended 30 September
				截至九月三十日止六個月

				2019	2018
				二零一九年	二零一八年
				HK$'000	HK$'000
				港幣千元	港幣千元
	Continuing operations	持續經營業務
	The charge (credit) comprises:	扣除（計入）包括：
	Hong Kong Profits Tax	香港利得稅
	Current tax	當期稅項		3,870	3,089
	Underprovision in prior years	過往年度撥備不足		1,081	20
				4,951	3,109
	Deferred taxation	遞延稅項		1,257	(187)
				6,208	2,922

	On 21 March 2018, the Hong Kong Legislative	於二零一八年三月二十一日，香港立法會
	Council passed the Inland Revenue (Amendment)	通過二零一七年稅務（修訂）（第7號）條
	(No. 7) Bill 2017 (the "Bill") which introduced the	例草案（「條例草案」），引入兩級利得稅
	two-tiered profits tax rate regime applies to years of	稅率制度應用於二零一八年四月一日或
	assessment commencing on or after 1 April 2018.	之後開始應課稅年度。
	Under the two-tiered profits tax rates regime, the	根據兩級利得稅稅率制度，合資格公
	first HK$2 million of assessable profits of qualifying	司的首港幣 2,000,000元應課稅溢利
	corporation will be taxed at 8.25%, and assessable	將按 8.25%的稅率徵稅，而超過港幣
	profits above HK$2 million will be taxed at 16.5%.	2,000,000元的應課稅溢利將按16.5%的
	The profits of group entities not qualifying for the	稅率徵稅。不符合兩級利得稅稅率制度資
	two-tiered profits tax rates regime will continue to	格的集團實體將繼續沿用16.5%的統一
	be taxed at the flat rate of 16.5% (six months ended	稅率徵稅（截至二零一八年九月三十日
	30 September 2018: 16.5%).		止六個月：16.5% ）。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

5.	TAXATION (continued)	5. 稅項支出（續）
	For both periods, the Hong Kong Profits Tax of the	就兩段期間而言，選定香港附屬公司的
	elected Hong Kong subsidiary is calculated at 8.25%	香港利得稅就估計應課稅溢利的首港
	on the first HK$2 million of the estimated assessable	幣2,000,000元按8.25%計算，而超過港
	profits and at 16.5% on the estimated assessable	幣2,000,000元的估計應課稅溢利則按
	profits above HK$2 million. The profits of other	16.5%計算。不符合兩級利得稅稅率制度
	group entities in Hong Kong not qualifying for the	的其他香港集團實體將繼續沿用16.5%
	two-tiered profits tax rates regime will continue to	的統一稅率徵稅。
	be taxed at a flat rate of 16.5%.
6.	DISCONTINUED OPERATIONS	6. 已終止經營業務
	Disposal of Million Hope Group by way of	以實物分派方式出售美亨集團
	distribution in specie
	Million Hope and its subsidiaries ceased to be	美亨及其附屬公司於二零一九年三月
	subsidiaries of the Company upon the distribution	十八日以實物形式向本公司股東分派美
	of Million Hope shares to the Company's	亨股份作為特別中期股息後不再為本公
	shareholders on 18 March 2019 as special interim	司附屬公司。實物形式分派完成後，由於
	dividend by way of distribution in specie. Upon	本公司之主要股東CCM Trust (Cayman)
	completion of the distribution in specie, Million	Limited及若干全權信託於美亨擁有實益
	Hope and its subsidiaries are regarded as related	權益，美亨及其附屬公司被視為本公司關
	parties of the Company, as CCM Trust (Cayman)	聯人士。
	Limited, a substantial shareholder of the Company,
	and certain discretionary trusts have beneficial
	interests in Million Hope.
	The profit for the six months ended 30 September	截至二零一八年九月三十日止六個月，
	2018 from the discontinued operations carried	自美亨集團從事之已終止經營業務之溢
	out by Million Hope Group is set out below. The	利載列如下。簡明綜合損益表內之比較數
	comparative figures in the condensed consolidated	字已予以重列，藉以重新呈列美亨集團作
	statement of profit or loss have been restated to re-	為已終止經營業務之經營。
	present the operations of Million Hope Group as
	discontinued operations.

74 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

6. DISCONTINUED OPERATIONS (continued)	6.	已終止經營業務（續）
	Disposal of Million Hope Group by way of		以實物分派方式出售美亨集團（續）
	distribution in specie (continued)
					For the
					six months
					ended
					30 September
					2018
					截至
					二零一八年
					九月三十日止
					六個月
					HK$'000
					港幣千元
	Revenue	收入			171,456
	Cost of sales	銷售成本			(140,629)

	Gross profit	毛利			30,827
	Other income	其他收入			637
	Other gains and losses	其他收益及虧損	3,000
	Reversal of impairment losses under expected	預期信貸虧損模式下之撥回減值虧損
	credit loss model				208
	Loss on disposal of property, plant and	出售物業、廠房及設備之虧損
	equipment				(15)
	Administrative and other expenses	行政及其他開支	(28,824)
	Finance costs	財務費用			(1,076)

	Profit before taxation	除稅前溢利		4,757
	Taxation	稅項支出			(800)

	Profit for the period	本期間溢利		3,957

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

6. DISCONTINUED OPERATIONS (continued)	6. 已終止經營業務（續）
Disposal of Million Hope Group by way of	以實物分派方式出售美亨集團（續）
distribution in specie (continued)
Profit for the six months ended 30 September	截至二零一八年九月三十日止六個月，
2018 from discontinued operations includes the	來自已終止經營業務溢利包括以下：
following:
		For the
		six months
		ended
		30 September
		2018
		截至
		二零一八年
		九月三十日止
		六個月
		HK$'000
		港幣千元
Depreciation of property, plant and equipment 物業、廠房及設備之折舊	4,826
Less: Depreciation expenses included in the 減：已包含於存貨成本之折舊支出
	cost of inventories	(1,404)

		3,422

During the six months ended 30 September 2018,	於截至二零一八年九月三十日止六個月，
Million Hope Group contributed to the Group's	美亨集團對本集團貢獻營運現金流入淨
net operating cash inflows of HK$28,950,000, paid	額港幣28,950,000元，已就投資業務支付
HK$3,001,000 in respect of investing activities and	港幣3,001,000元及並無就融資業務收取
received nil in respect of financing activities.	任何金額。

76 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

7.	DIVIDENDS		7.	股息
	During the period, a final dividend of HK5.0 cents		於期內，已派發截至二零一九年三月
	per share totalling HK$54,546,000 in respect of		三十一日止年度之末期股息每股港幣5.0
	the year ended 31 March 2019 (for the six months		仙，合共港幣54,546,000元（截至二零
	ended 30 September 2018: final dividend of HK5.0		一八年九月三十日止六個月：截至二零
	cents per share totalling HK$52,294,000 in respect		一八年三月三十一日止年度之末期股息
	of the year ended 31 March 2018) was paid to		每股港幣5.0仙，合共港幣52,294,000元）
	shareholders.			予股東。
	Subsequent to 30 September 2019, the board of		於二零一九年九月三十日後，本公司董事
	directors of the Company has resolved to declare an		會決議，宣派截至二零一九年九月三十
	interim dividend of HK2.5 cents per share totalling		日止六個月之中期股息每股港幣2.5仙，
	not less than HK$27,273,000 for the six months		合共不少於港幣27,273,000元（二零一八
	ended 30 September 2019 (2018: HK2.5 cents per		年：截至二零一八年九月三十日止六個
	share totalling HK$26,169,000 for the six months		月，每股港幣2.5仙，合共港幣26,169,000
	ended 30 September 2018).			元）。
8.		EARNINGS PER SHARE		8.	每股盈利
	For continuing and discontinued operations		持續經營及已終止經營業務
	The calculation of basic and diluted earnings per		本公司擁有人應佔期內每股基本及攤薄
	share for the period attributable to owners of the		盈利乃根據以下數據計算：
	Company based on the following data:
						For the six months
						ended 30 September
						截至九月三十日止六個月

						2019	2018
						二零一九年	二零一八年
						HK$'000	HK$'000
						港幣千元	港幣千元

	Earnings	盈利
	Earnings for the purpose of basic	用以計算每股基本及
		and diluted earnings per share	攤薄盈利的盈利			141,397	314,225

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

8. EARNINGS PER SHARE (continued)	8.	每股盈利（續）
For continuing and discontinued operations		持續經營及已終止經營業務（續）
(continued)
				For the six months
				ended 30 September
				截至九月三十日止六個月

				2019	2018
				二零一九年	二零一八年
				'000	'000
				千股	千股
Number of shares	股份數目
Weighted average number of	用以計算每股基本盈利的
	ordinary shares for the purpose	普通股加權平均數（附註）
	of basic earnings per share
	(Note)			1,090,874	1,020,325
Effect of dilutive potential	攤薄潛在普通股的影響：
	ordinary shares:
Adjustment in relation to share	就本公司發行的購股權
	options issued by the Company	作出的調整		218	2,096
Adjustment in relation to Award	就本公司授出的獎勵股份
	Shares (as defined in Note 17)	（定義見附註17）
	granted by the Company	作出的調整		-	21,119

Weighted average number of	用以計算每股攤薄盈利的
	ordinary shares for the purpose	普通股加權平均數（附註）
	of diluted earnings per share
	(Note)			1,091,092	1,043,540

Note: The weighted average number of ordinary shares for the		附註：於截至二零一八年九月三十日止六個月，用
	purpose of basic and diluted earnings per share for the		以計算每股基本及攤薄盈利的普通股加權平
	six months ended 30 September 2018 had been arrived at		均數乃經扣除以信託形式代本公司持有之股
	after deducting the shares held in trust for the Company		份後釐定（附註17）。
	(Note 17).

78 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

8. EARNINGS PER SHARE (continued)

For continuing operations

The calculation of basic and diluted earnings per share for continuing operations attributable to the owners of the Company is based on earnings figures calculated as follows:

8. 每股盈利（續）

持續經營業務

本公司擁有人應佔持續經營業務的每股基本及攤薄盈利乃根據如下計算的盈利數據計算：

		For the six months
		ended 30 September
		截至九月三十日止六個月
		2019	2018
		二零一九年	二零一八年
		HK$'000	HK$'000
		港幣千元	港幣千元
Earnings for the purpose of	用以計算每股基本及
calculating basic and diluted	攤薄盈利的盈利
earnings per share		141,397	314,225
Less: Profit for the period from	減：來自已終止經營業務之
discontinued operations	期間溢利	-	(3,957)

Earnings for the purpose of calculating basic and diluted earnings per share for continuing operations

用以計算持續經營業務的每股基本及攤薄盈利的盈利

141,397 310,268

The denominators used are the same as those detailed above for basic and diluted earnings per share for continuing and discontinued operations.

所用分母與上文持續經營及已終止經營業務的每股基本及攤薄盈利所詳述者相同。

For discontinued operations	已終止經營業務
Basic earnings per share for discontinued operations	已終止經營業務截至二零一八年九月
for the six months ended 30 September 2018 is	三十日止六個月的每股基本盈利為每股
HK0.4 cent per share (for the six months ended	港幣0.4仙（截至二零一九年九月三十日
30 September 2019: N/A) and diluted earnings	止六個月：不適用），而已終止經營業務
per share for the discontinued operations is	的每股攤薄盈利為每股港幣0.4仙（截至
HK0.4 cent per share (for the six months ended	二零一九年九月三十日止六個月：不適
30 September 2019: N/A), based on the profit for	用），乃基於源於已終止經營業務截至
the six months ended 30 September 2018 from	二零一八年九月三十日止六個月的溢利
discontinued operations of HK$3,957,000 (for the	港幣3,957,000元（截至二零一九年九月
six months ended 30 September 2019: N/A) and the	三十日止六個月：不適用）計算，而所用
denominators used are the same as those detailed	分母則與上文持續經營及已終止經營業
above for basic and diluted earnings per share for	務的每股基本及攤薄盈利所詳述者相同。
continuing and discontinued operations.

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

9. MOVEMENTS IN INVESTMENT	9.	投資物業、物業、廠房及設備及
PROPERTIES, PROPERTY, PLANT AND		使用權資產之變動
EQUIPMENT AND RIGHT-OF-USE
ASSETS
Investment properties			投資物業

					1.4.2019 to		1.4.2018 to
					30.9.2019		30.9.2018
					二零一九年		二零一八年
					四月一日至		四月一日至
					二零一九年		二零一八年
					九月三十日		九月三十日
					HK$'000		HK$'000
					港幣千元		港幣千元
FAIR VALUE	公平值
At the beginning of the period	於期初
- As previously reported	－如過往所呈報			2,225,570		1,712,360
- Adoption of HKFRS 16	－採納香港財務報告準則
	(Note 2.1)	第十六號（附註2.1）		3,205		-

As restated	經重列			2,228,775		1,712,360
Additions	添置			581,979		36,746
Acquisition of subsidiaries	收購附屬公司（附註18）
	(Note 18)				726,063		506,023
Disposals	出售			(61,800)		(38,756)
Disposal of subsidiaries (Note 18)	出售附屬公司（附註18）		(420,000)		-
Gain on change in fair value	公平值變動之收益			76,123		114,767
Transfer to assets classified	轉移至分類為持作出售資產
	as held for sale				-		(158,380)

At the end of the period	於期末			3,131,140		2,172,760

80 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
9. MOVEMENTS IN INVESTMENT	9. 投資物業、物業、廠房及設備及
PROPERTIES, PROPERTY, PLANT AND	使用權資產之變動（續）
EQUIPMENT AND RIGHT-OF-USE
ASSETS (continued)
Investment properties (continued)	投資物業（續）
The fair value of the Group's investment properties	本集團投資物業於二零一九年九月三十
at 30 September 2019 and 31 March 2019 have been	日及二零一九年三月三十一日之公平值
arrived at on the basis of valuation carried out by	乃以獨立物業估值師仲量聯行有限公司
Jones Lang LaSalle Limited ("JLL"), an independent	（「仲量聯行」）進行之估值為基準而釐
property valuer not connected with the Group.	訂。仲量聯行與本集團並無關連，並具備
JLL has appropriate qualifications and recent	合適資格且於近期曾在相關地區就同類
experience in the valuation of similar properties in	物業進行估值。在估計物業公平值時，物
the relevant locations. In estimating the fair value	業之最高及最佳用途為其現時用途。參
of the properties, the highest and best use of the	考同類物業之市場交易價格估值之物業
properties is their current use. The valuation of	價值為港幣54,800,000元（二零一九年三
properties amounting to HK$54,800,000 (31 March	月三十一日：港幣44,400,000元）。採用
2019: HK$44,400,000) was arrived at by reference	收入資本化方法估值之其他物業價值為
to market evidence of transaction prices of similar	港幣3,076,340,000元（二零一九年三月
properties. The valuations of other properties	三十一日：港幣2,181,170,000元），此方
amounting to HK$3,076,340,000 (31 March 2019:	法是根據採用適合的資本化比率將潛在
HK$2,181,170,000) were arrived at by reference to	收入淨額作資本化，這是由銷售交易分析
the income capitalisation method which is based	和當時投資者之要求或預期推測而引申
on the capitalisation of the net income potential by	出來的。
adopting an appropriate capitalisation rate, which
is derived from analysis of sale transactions and
interpretation of prevailing investor requirements
or expectations.

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

9. MOVEMENTS IN INVESTMENT	9.	投資物業、物業、廠房及設備及
PROPERTIES, PROPERTY, PLANT AND		使用權資產之變動（續）
EQUIPMENT AND RIGHT-OF-USE
ASSETS (continued)
Investment properties (continued)		投資物業（續）
Analysis of investment properties held by the		於簡明綜合財務狀況表中本集團持有之
Group in the condensed consolidated statement of		投資物業之分析
financial position
					Fair value as at
					於以下日期之公平值

Investment properties	Valuation method			30.9.2019	31.3.2019
					二零一九年	二零一九年
投資物業	估值方法			九月三十日	三月三十一日
					HK$'000	HK$'000
					港幣千元	港幣千元
Agricultural	Direct comparison method		54,800	44,400
農地	直接比較法
Commercial	Capitalisation approach			453,040	450,200
商業	資本化法
Industrial	Capitalisation approach			1,643,300	434,970
工業	資本化法
Residential	Capitalisation approach			980,000	1,296,000
住宅	資本化法
					3,131,140	2,225,570

Property, plant and equipment		物業、廠房及設備
During the current period, the Group acquired		於本期間，本集團以約港幣4,310,000元
property, plant and equipment at approximately		收購物業、廠房及設備。截至二零一八年
HK$4,310,000. During the six months ended 30		九月三十日止六個月，除透過收購附屬
September 2018, in addition to the additions		公司（附註18）添置港幣358,000元外，
amounting to HK$358,000 through acquisition		本集團添置物業、廠房及設備約港幣
of subsidiaries (Note 18), the Group acquired		4,535,000元。
property, plant and equipment at approximately
HK$4,535,000.

82 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
9. MOVEMENTS IN INVESTMENT	9. 投資物業、物業、廠房及設備及
PROPERTIES, PROPERTY, PLANT AND	使用權資產之變動（續）
EQUIPMENT AND RIGHT-OF-USE
ASSETS (continued)
Property, plant and equipment (continued)	物業、廠房及設備（續）
During the six months ended 30 September 2019,	截至二零一九年九月三十日止六個月，
the Group disposed of certain property, plant and	本集團以銷售金額港幣43,000元出售若
equipment with carrying amount of nil, at a sale	干物業、廠房及設備，賬面值為無，產生
proceed of HK$43,000 and resulting in a gain on	出售收益港幣43,000元。
disposal of HK$43,000.
During the six months ended 30 September 2018,	截至二零一八年九月三十日止六個月，
the Group disposed of certain property, plant and	本集團以銷售金額港幣171,932,000元
equipment with carrying amount of HK$5,912,000	出售若干物業、廠房及設備，賬面值為
at a sale proceed of HK$171,932,000, resulting in a	港幣5,912,000元，產生出售收益港幣
gain on disposal of HK$166,020,000.	166,020,000元。
Right-of-use assets	使用權資產
During the current interim period, the Group	於本中期期間，本集團就零售店鋪重
renewed lease agreements for retail shops	續租賃協議，為期一年至兩年。於租賃
for the periods covering 1 year to 2 years. On	開始時，本集團確認使用權資產港幣
lease commencement, the Group recognised	2,353,000元及租賃負債港幣2,353,000
HK $ 2,353,000 of right - of - use assets and	元。
HK$2,353,000 of lease liabilities.

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

10. INTERESTS IN JOINT VENTURES	10. 合營企業之權益

			30.9.2019	31.3.2019
			二零一九年	二零一九年
			九月三十日	三月三十一日
			HK$'000	HK$'000
			港幣千元	港幣千元
Cost of unlisted investments	於合營企業非上市投資之
	in joint ventures	成本	432,862	432,862
Share of post acquisition	分佔收購後溢利（虧損）及
	profit (losses) and other	其他全面收益（開支）
	comprehensive income	（扣除已收之股息）
	(expense), net of dividends
	received		40,009	(35,878)
			472,871	396,984

11. CONTRACT ASSETS		11. 合約資產

				30.9.2019	31.3.2019
				二零一九年	二零一九年
				九月三十日	三月三十一日
				HK$'000	HK$'000
				港幣千元	港幣千元
Construction contracts	建築工程合約		224,238	267,080

The Group has rights to considerations from customers for construction contracts, interior and renovation contracts and installation of building materials contracts. Contract assets arise when the Group has right to consideration for completion of construction contracts, interior and renovation contracts and installation of building materials contracts and not yet billed under the relevant contracts, and their right is conditioned on factors other than passage of time. Any amount previously recognised as a contract asset is reclassified to trade debtors when such right becomes unconditional other than the passage of time.

本集團有權就建築工程合約、裝飾及維修工程合約及安裝建築材料工程合約向客戶收取代價。合約資產於本集團完成建築工程合約、裝飾及維修工程合約及安裝建築材料工程合約並擁有收取代價的權利而有關代價尚未根據相關合約開單收取時產生，而彼等是否擁有權利取決於時間推移以外的因素。先前已確認為合約資產的任何款項乃於有關權利成為無條件（除了時間推移）時重新分類至應收款項。

84 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
11. CONTRACT ASSETS (continued)	11. 合約資產（續）
Included in carrying amount of contract assets	於二零一九年九月三十日，合約資產
comprises retention money of HK$158,634,000 (31	的賬面值包括保固金港幣158,634,000
March 2019: HK$175,652,000) as at 30 September	元（二零一九年三月三十一日：港幣
2019. Retention money is unsecured and interest-	175,652,000元）。保固金為無抵押及免
free and represented the monies withheld by	息，且代表客戶就合約工程所預留的款
customers of contract works fully recoverable	項，其可根據有關合約規定之條款於建築
within 1 to 2 years from the date of completion of	工程合約完成日期起計一至兩年內全數
construction contracts, in accordance with the terms	收回。於合約所列出之合約工程圓滿完成
specified in the relevant contracts. Upon satisfactory	後，樓宇項目之建築師將發出實際竣工證
completion of contract work as set out in the	書。一般而言，發出實際竣工證書後，此
contract, the architect for the building project will	類合約工程之一半保固金將發放予本集
issue a practical completion certificate. Generally,	團，而剩餘一半將於有關全部樓宇項目所
upon the issuance of the practical completion	發現之缺陷已獲修復之證書發出後發放
certificate, half of the retention money of such	予本集團。
contract work will be released to the Group, while
the remaining half will be released to the Group
upon the issuance of the certificate that identified
defects in respect of the entire building project have
been made good.

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

11. CONTRACT ASSETS (continued)	11. 合約資產（續）
The retention money would be settled, based on the	保固金將於各報告期末基於缺陷責任期
expiry of the defect liability period, at the end of	的到期結清，詳情如下：
each reporting period as follows:

			30.9.2019		31.3.2019
			二零一九年		二零一九年
			九月三十日		三月三十一日
			HK$'000		HK$'000
			港幣千元		港幣千元
Amount receivable within	一年內應收金額
	one year		75,699		91,501
Amount receivable after	一年後應收金額
	one year		82,935		84,151
			158,634		175,652

Included in the above contract assets are amount	以上合約資產內包括應收關聯人士具貿
due from a related party of trading nature as	易性質之款項列明如下：
follows:

			30.9.2019		31.3.2019
			二零一九年		二零一九年
			九月三十日		三月三十一日
			HK$'000		HK$'000
			港幣千元		港幣千元
A joint venture	合營企業	3,862		3,862

86 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

12. DEBTORS, DEPOSITS AND		12. 應收款項、按金及預付款項
	PREPAYMENTS

			30.9.2019	31.3.2019
			二零一九年	二零一九年
			九月三十日	三月三十一日
			HK$'000	HK$'000
			港幣千元	港幣千元
	Trade debtors	應收款項	45,670	76,534
	Other receivables	其他應收款項	905	4,677
	Receivables in relation	有關出售投資物業之
	to the disposal of	應收款項
	investment properties		29,897	-
	Deposits	按金	10,341	12,417
	Prepayments	預付款項	17,331	20,520
			104,144	114,148

Proceeds from property sales are receivable pursuant to the terms of the sale and purchase agreements. For the business of construction services and others, the Group generally allows a credit period of 30 to 90 days and not more than 90 days (31 March 2019: 30 to 90 days and not more than 90 days) to its customers.

來自物業銷售應收所得款項乃按買賣協議的條款釐訂。至於建築服務及其他業務，本集團一般給予其客戶三十至九十日及不多於九十日（二零一九年三月三十一日：三十至九十日及不多於九十日）之信貸期。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

12. DEBTORS, DEPOSITS AND	12. 應收款項、按金及預付款項
PREPAYMENTS (continued)	（續）

The aged analysis of trade debtors presented based on the invoice date or agreement date, as appropriate, at the end of the reporting period is as follows:

應收款項之賬齡分析乃根據報告期末之發票日期或協議日期（如適用）呈列如下：

		30.9.2019	31.3.2019
		二零一九年	二零一九年
		九月三十日	三月三十一日
		HK$'000	HK$'000
		港幣千元	港幣千元
Within 30 days	三十日內	32,912	54,957
31 - 60 days	三十一至六十日	1,827	8,562
61 - 90 days	六十一至九十日	3,843	8,504
Over 90 days	超過九十日	7,088	4,511
		45,670	76,534

Included in the above trade debtors are amounts	在以上應收款項內包括應收關聯人士具
due from related parties of trading nature as	貿易性質之款項列明如下：
follows:

		30.9.2019	31.3.2019
		二零一九年	二零一九年
		九月三十日	三月三十一日
		HK$'000	HK$'000
		港幣千元	港幣千元
Joint ventures	合營企業	305	1,727
Subsidiaries of Million Hope	美亨的附屬公司	36	-
		341	1,727

88 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

			FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
				截至二零一九年九月三十日止六個月
12. DEBTORS, DEPOSITS AND		12. 應收款項、按金及預付款項
	PREPAYMENTS (continued)		（續）
	The basis of determining the inputs and	於截至二零一九年九月三十日止六個月
	assumptions and the estimation techniques used in	的簡明綜合財務報表釐定輸入變數及假
	the condensed consolidated financial statements for	設以及估計技術所用的基準與編製本集
	the six months ended 30 September 2019 are the	團截至二零一九年三月三十一日止年度
	same as those followed in the preparation of the	的年度財務報表所遵循者相同。
	Group's annual financial statements for the year
	ended 31 March 2019.
	D u r i n g t h e c u r r e n t i n t e r i m p e r i o d , t h e	於本中期期間，本集團撥回減值虧損港
	Group reversed the impairment allowance of	幣4,695,000元，尤其是當中因個別應收
	HK$4,695,000, in particular, a specific reversal of	款項於本期間結算而撥回港幣4,800,000
	HK$4,800,000 has been made to an individual	元。
	debtor due to the settlement in current period.
13. TRADE AND OTHER PAYABLES	13. 應付款項及其他應付款項

				30.9.2019	31.3.2019
				二零一九年	二零一九年
				九月三十日	三月三十一日
				HK$'000	HK$'000
				港幣千元	港幣千元
	Trade payables	應付款項		44,932	73,312
	Retention money payables -	應付保固金－
	amount payable within one year	一年內應付金額		103,914	98,301
	Retention money payables -	應付保固金－
	amount payable after one year	一年後應付金額		92,141	106,952
	Accrued operating costs and	應計營運成本及費用
	charges			240,053	226,660
	Accrued costs for construction	應計建築工程成本
	works			140,753	249,532
	Temporary receipts	臨時收取之款項		14,382	8,110
	Deposits received	已收取按金		9,381	9,298
				645,556	772,165

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

13. TRADE AND OTHER PAYABLES (continued)	13. 應付款項及其他應付款項（續）
The aged analysis of trade payables presented based	應付款項之賬齡分析乃根據報告期末之
on the invoice date at the end of the reporting	發票日期現呈列如下：
period is as follows:

			30.9.2019		31.3.2019
			二零一九年		二零一九年
			九月三十日		三月三十一日
			HK$'000		HK$'000
			港幣千元		港幣千元
Within 30 days	三十日內	43,182		68,646
31 - 60 days	三十一至六十日	319		192
61 - 90 days	六十一至九十日	1		649
Over 90 days	超過九十日	1,430		3,825
			44,932		73,312

90 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

14. BANK LOANS	14. 銀行貸款

			30.9.2019	31.3.2019
			二零一九年	二零一九年
			九月三十日	三月三十一日
			HK$'000	HK$'000
			港幣千元	港幣千元
	Bank loans (Note a)	銀行貸款（附註a ）	901,950	351,000
	Less: Amount shown under	減：分類為流動負債之金額
	current liabilities (including	（包括須按要求償還之
	bank loans with a repayable	銀行貸款）
	on demand clause)		(901,950)	(351,000)
	Amount shown under	分類為非流動負債之金額
	non-current liabilities		-	-
	The carrying amount of bank	包含須按要求償還條款之
	loans that contain a repayment	銀行貸款賬面值（分類為
	on demand clause (shown	流動負債）須於下列
	under current liabilities) but	期間償還（附註b ）：
	repayable (Note b):	一年內
	Within one year	739,050	179,050
	Within a period of more than	超過一年但不超過
	one year but not exceeding	兩年期間內
	two years	超過兩年但不超過	162,900	9,050
	Within a period of more than
	two years but not exceeding	五年期間內
	five years		-	162,900
			901,950	351,000
	Secured	已抵押	801,950	351,000
	Unsecured	無抵押	100,000	-
			901,950	351,000

Notes:	附註：
(a) The Group's bank loans are floating-rate borrowings	(a)	本集團銀行貸款乃以市場利率計息的浮動利
which carry interest at market rates ranging from Hong		率貸款，年利率由香港銀行同業拆息加0.75%
Kong Interbank Offered Rate ("HIBOR") + 0.75% to		至香港銀行同業拆息加0.9%計算（二零一九
HIBOR + 0.9% per annum (31 March 2019: from HIBOR +		年三月三十一日：由香港銀行同業拆息加
0.85% to HIBOR + 1.10% per annum) and are repayable in		0.85%至香港銀行同業拆息加1.10% ）並須於
instalments over a period of five years.		五年內分期償還。
(b) The amounts due are based on scheduled repayment	(b)	該等金額根據載於各貸款協議之預計還款日
dates set out in the respective loan agreements.		期償還。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

15. SHARE CAPITAL	15. 股本
			Number of
			shares	HK$'000
			股份數目	港幣千元
Authorised:	法定：
	Shares of HK$0.10 each	每股港幣0.10元之股份
	Balance as at 1 April 2018, 31	於二零一八年四月一日、
	March 2019 and 30 September	二零一九年三月三十一日
2019	及二零一九年九月三十日
		之結餘	1,500,000,000	150,000

Issued and fully paid:	已發行及繳足：
	Shares of HK$0.10 each	每股港幣0.10元之股份
	Balance as at 1 April 2018	於二零一八年四月一日之
		結餘	1,046,176,651	104,618
	Issue of shares upon exercise of	行使購股權而發行之股份
	share options (Note)	（附註）	44,654,925	4,465

	Balance as at 31 March 2019	於二零一九年
		三月三十一日之結餘 1,090,831,576	109,083
	Issue of shares upon exercise of	行使購股權而發行之股份
	share option (Note)	（附註）	93,100	9

	Balance as at 30 September	於二零一九年九月三十日
2019	之結餘	1,090,924,676	109,092

Note: The new shares issued rank pari passu in all respects with	附註：已發行新股份與現有已發行股份於各方面享
	the existing share in issue.		有相同權利。

92 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

16. SHARE OPTION SCHEME

Pursuant to the Company's share option scheme (the "Scheme") which was adopted and became effective on 21 September 2011, all directors (including independent non-executive directors), full-time employees and consultants of the Company, its subsidiaries and/or its associated companies/associates are eligible to participate in the Scheme.

The purpose of the Scheme is to provide the participants who have been granted options under the Scheme to subscribe for ordinary shares in the Company with the opportunity to acquire proprietary interest in the Company and to encourage them to work towards enhancing the value of the Company and its shares for the benefit of the Company and its shareholders as a whole.

16. 購股權計劃

根據本公司購股權計劃（「該計劃」）（於二零一一年九月二十一日獲採納及生效），本公司、其附屬公司及 ╱ 或其聯營公司 ╱ 聯繫人之所有董事（包括獨立非執行董事）、全職僱員及顧問符合參與該計劃之資格。

該計劃之目的是為向根據該計劃獲授購股權以認購本公司普通股之參與者，提供購入本公司所有人權益之機會，並鼓勵參與者為本公司及其股東之整體利益，努力提高本公司及其股份之價值。

(a) Maximum number of shares available	(a) 可供發行之股份數目上限
for issuance
The maximum number of shares which may	根據該計劃及本公司任何其他計
be issued upon exercise of all options to be	劃授出的所有購股權因行使而可
granted under the Scheme and any other	予發行的股份數目上限，不得超過
schemes of the Company shall not exceed 10%	於該計劃批准之日本公司之已發
of the shares of the Company in issue as at	行股份10%，惟須經本公司股東批
the date of approval of the Scheme subject to	准更新。於本公司在二零一六年八
renewal as approved by the shareholders of	月二十三日舉行之股東週年大會
the Company. Upon the refreshment of the	上更新該計劃授權限額後，根據該
Scheme mandate limit at the annual general	計劃可發行之新股份數目上限為
meeting of the Company held on 23 August	103,654,057股（「經更新購股權限
2016, the maximum number of new shares	額」）。於本中報日期（即二零一九
available for issue under the Scheme was	年十一月十九日），根據餘下經更新
103,654,057 (the "Refreshed Share Option	購股權限額可能發行之股份總數目
Limit"). As at the date of this interim report	為3,298,557股，佔本公司於該日已
(i.e. 19 November 2019), the total number of	發行股份數目約0.30%。
shares that may be issued under the remaining
Refreshed Share Option Limits is 3,298,557
representing approximately 0.30% of the
number of the Company's shares in issue at
that date.

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

16. SHARE OPTION SCHEME (continued)	16. 購股權計劃（續）
(a) Maximum number of shares available	(a)	可供發行之股份數目上限
for issuance (continued)		（續）
The overall limit on the number of shares		根據該計劃及本公司任何其他計
of the Company which may be issued upon		劃所有授出而尚未行使購股權倘
exercise of all outstanding options granted		行使後可能發行之本公司股份總
and yet to be exercised under the Scheme		數限額不得超過本公司不時的已發
and any other schemes of the Company		行股份數目之30%。經計及可認購
must not exceed 30% of the number of the		3,298,557股股份之餘下經更新購
Company's shares in issue from time to time.		股權限額及因行使該計劃項下已授
Taking into account the remaining Refreshed		出但尚未行使之購股權而可予發行
Share Option Limit to subscribe for 3,298,557		之62,311,075股股份後，該計劃項
shares and the 62,311,075 shares that may be		下可予發行之累計股份總數將為
issued upon exercise of the outstanding share		65,609,632股，佔本公司於本中報
options granted and yet to be exercised under		日期已發行股份數目約6.01%。
the Scheme, the cumulative total number of
shares that may be issued under the Scheme
will then be 65,609,632 shares, representing
approximately 6.01% of the number of the
Company's shares in issue as at the date of this
interim report.
(b) Maximum entitlement of each	(b)	各參與者之購股權配額上限
participant
(1) The total number of shares issued and to		(1) 除非經本公司股東另作批准，
be issued upon exercise of the options		否則於任何十二個月期間，因
granted to each participant (including		行使該計劃或本公司採納之任
both exercised and unexercised options)		何其他購股權計劃授出之購股
under the Scheme or any other share		權（包括已行使及尚未行使之
options scheme adopted by the Company		購股權）而向每名參與者發行
in any 12-month period must not exceed		及將予發行之股份總數，不得
1% of the number of Company's shares		超過本公司已發行股份數目之
in issue unless otherwise approved by		1%。
shareholders of the Company.

94 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

16. SHARE OPTION SCHEME (continued)

Maximum entitlement of each participant (continued)

(2) W h e r e a n y g r a n t o f o p t i o n s t o a s u b s t a n t i a l s h a r e h o l d e r o r a n independent non-executive director of the Company, or any of their respective associates (as defined in the Listing Rules), would result in the shares issued and to be issued upon exercise of all options already granted and to be granted to such person in any 12-month period up to and including the date of the grant:

representing in aggregate over 0.1% of the number of the Company's shares in issue; and
having an aggregate value, based on the closing price of the shares of the Company on the date of grant in excess of HK$5.0 million,

such grant of option shall be subject to prior approval of the shareholders of the Company who are not connected persons of the Company as defined in the Listing Rules.

16. 購股權計劃（續）

各參與者之購股權配額上限

（續）

倘向本公司之主要股東或獨立非執行董事或任何彼等各自之聯繫人（定義見上市規則）授出任何購股權，將會導致於截至授出日期止之任何十二個月期間（包括授出之日）向該人士已授出及將予授出之所有購股權獲行使而已發行及將予發行之股份：

合共佔本公司已發行股份數目0.1%以上；及
總值超過港幣5,000,000 元（根據本公司股份於授出日期之收市價計算），

授出該項購股權須預先取得本公司股東（並非本公司之關連人士（定義見上市規則））批准。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

16. SHARE OPTION SCHEME (continued)	16. 購股權計劃（續）
(c) Period within which the shares must be	(c) 根據購股權必須認購股份之期
taken up under an option	限

Within ten years from the date on which an option is granted or such shorter period as the Board of Directors or the relevant committee thereof may specify.

由授出購股權之日起十年期間或董事會或轄下有關委員會指定之較短期間。

(d) Minimum period, if any, for which an	(d) 購股權於可予行使前之最短持
option must be held before it can be	有期間（如有）
exercised

At the time of granting an option, the Board of Directors or the relevant committee thereof must specify the minimum period(s) (if any), for which an option must be held before it can be exercised in whole or in part.

於授出購股權之時，董事會或轄下有關委員會必須指定購股權於可予行使（全部或部份）前之最短持有期

（如有）。

(e) Period open for acceptance of an option	(e)	接納購股權之期限
The offer of the grant of an option (of which		授出購股權（授出日期必須為聯交
the date of grant must be a business day of the		所營業日）的要約必須在授出日期
Stock Exchange) must be accepted within 14		後14日內獲接納。
days after the date of grant.
(f) Amount payable upon acceptance of the	(f)	於接納購股權時應付之款項
option
A consideration of HK$1 shall be paid upon the		於接納購股權時須付港幣1元作為
acceptance of the option.		代價。

96 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

16. SHARE OPTION SCHEME (continued)

Basis of determining exercise price of the option

The exercise price of the option shall be no less than the highest of:

the closing price of the shares of the Company as stated in the daily quotations sheet issued by the Stock Exchange on the date of grant, which must be a business day;
the average closing price of the shares of the Company as stated in the daily quotation sheets issued by the Stock Exchange for the five business days immediately preceding the date of grant; and
the nominal value of the shares of the Company on the date of grant.

16. 購股權計劃（續）

購股權行使價之釐定基準

購股權之行使價必須不低於下列三者之最高者：

聯交所於授出日期（須為營業日）發出之日報表所述之本公司股份收市價；
聯交所於緊接授出日期前五個營業日發出之日報表所述之本公司股份平均收市價；及
本公司股份於授出日期之面值。

(h) Remaining life of the Scheme	(h) 該計劃之餘下年限
The Scheme has a life of 10 years and will	除非根據該計劃條款予以終止，否
expire on 20 September 2021 unless otherwise	則該計劃之有效年限為10年，並將
terminated in accordance with the terms of the	於二零二一年九月二十日屆滿。
Scheme.
At 30 September 2019, the number of shares in	於二零一九年九月三十日，根據該計劃
respect of which options had been granted and	已授出及尚未行使之購股權之股份數目
remained outstanding under the Scheme was	為9,219,075股（二零一九年三月三十一
9,219,075 (31 March 2019: 9,657,800), representing	日：9,657,800股），佔該日期本公司已
approximately 0.85% (31 March 2019: 0.89%) of the	發行股份之約0.85%（二零一九年三月
shares of the Company in issue at that date.	三十一日：0.89% ）。

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

16. SHARE OPTION SCHEME (continued)	16. 購股權計劃（續）
	Details of the movements of the share options		授出購股權數目之變動詳情如下：
	granted are as follows:
	For the six months ended 30 September 2019		截至二零一九年九月三十日止六個月
					Outstanding	Exercised		Outstanding
					as at	during	Lapsed	as at
				Exercise price	1 April	the period	during	30 September
	Category of participant	Date of grant	Exercise period	per share	2019	(Note)	the period	2019
					於二零一九年			於二零一九年
					四月一日	於期內行使		九月三十日
	參與者類型	授出日期	行使期間	每股行使價	尚未行使	（附註）	於期內失效	尚未行使
				HK$
				港幣
	Directors	5 September 2017	5 September 2017 to 4	1.54	5,192,000	-	-	5,192,000
			September 2022
	董事	二零一七年九月五日	二零一七年九月五日至
			二零二二年九月四日

	Employees	26 November 2014	26 November 2014 to 25	0.96	915,300	(93,100)	(125)	822,075
			November 2019
	僱員	二零一四年十一月二十六日	二零一四年十一月二十六日至
			二零一九年十一月二十五日
		5 September 2017	5 September 2017 to 4	1.54	3,550,500	-	(345,500)	3,205,000
			September 2022
		二零一七年九月五日	二零一七年九月五日至
			二零二二年九月四日

					4,465,800	(93,100)	(345,625)	4,027,075

	Total				9,657,800	(93,100)	(345,625)	9,219,075
	總計

	Exercisable at the end of the reporting period						9,219,075
	於報告期末可行使

98 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

16. SHARE OPTION SCHEME (continued)	16. 購股權計劃（續）
	For the year ended 31 March 2019			截至二零一九年三月三十一日止年度
					Outstanding	Exercised		Outstanding
					as at	during	Lapsed	as at
				Exercise price	1 April	the year	during	31 March
	Category of participant	Date of grant	Exercise period	per share	2018	(Note)	the year	2019
					於二零一八年			於二零一九年
					四月一日	於年內行使		三月三十一日
	參與者類型	授出日期	行使期間	每股行使價	尚未行使	（附註）	於年內失效	尚未行使
				HK$
				港幣
	Directors	26 November 2014	26 November 2014 to 25	0.96	3,785,500	(3,785,500)	-	-
			November 2019
	董事	二零一四年十一月二十六日	二零一四年十一月二十六日至
			二零一九年十一月二十五日
		5 September 2017	5 September 2017 to 4	1.54	35,392,000	(30,200,000)	-	5,192,000
			September 2022
		二零一七年九月五日	二零一七年九月五日至
			二零二二年九月四日

					39,177,500	(33,985,500)	-	5,192,000

	Employees	26 November 2014	26 November 2014 to 25	0.96	2,918,225	(2,002,925)	-	915,300
			November 2019
	僱員	二零一四年十一月二十六日	二零一四年十一月二十六日至
			二零一九年十一月二十五日
		5 September 2017	5 September 2017 to 4	1.54	12,320,000	(8,666,500)	(103,000)	3,550,500
			September 2022
		二零一七年九月五日	二零一七年九月五日至
			二零二二年九月四日

					15,238,225	(10,669,425)	(103,000)	4,465,800

	Total				54,415,725	(44,654,925)	(103,000)	9,657,800
	總計

	Exercisable at the end of the reporting period						9,657,800
	於報告期末可行使

	Note: In respect of the share options exercised during the		附註：就於期內 ╱ 年內已行使之購股權而言，於緊
	period/year, the weighted average closing price of		接行使日期前股份之加權平均收市價為每股
	the shares immediately before the dates of exercise is		港幣1.32元（截至二零一九年三月三十一日
	HK$1.32 (for the year ended 31 March 2019: HK$1.26) per		止年度：港幣1.26元）。
	share.

2019/2020年中期報告興勝創建控股有限公司

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

17. SHARE AWARD SCHEME	17. 股份獎勵計劃
On 28 July 2016 (the "Adoption Date"), the	本公司於二零一六年七月二十八日（「採
Company adopted a share award scheme	納日期」）採納一項股份獎勵計劃（「股份
(the "Share Award Scheme") to recognise the	獎勵計劃」），以表揚若干人士（「合資格
contributions by certain persons ("Eligible Persons"),	人士」）（包括本集團旗下公司之僱員及
including employees and directors of companies	董事）作出之貢獻並對彼等給予獎勵，藉
within the Group, and to give incentives to them in	此挽留彼等繼續為本集團之持續營運及
order to retain them for the continuing operation	發展效力，及為本集團進一步發展吸引合
and development of the Group, and to attract	適人員。惟須由本公司董事可能決定提前
suitable personnel for further development of the	終止，否則股份獎勵計劃由採納日期起三
Group. Subject to any early termination as may be	年內（「獎勵期間」）有效及生效。
determined by directors of the Company, the Share
Award Scheme is valid and effective for 3 years from
the Adoption Date (the "Award Period").
Pursuant to the Share Award Scheme, the directors	根據股份獎勵計劃，本公司董事可能不時
of the Company may, from time to time, at its	全權選擇任何合資格人士作為獲選參與
absolute discretion, select any Eligible Persons to	者參與股份獎勵計劃，並釐定擬授出股
participate in the Share Award Scheme as selected	份、歸屬標準及條件以及股份歸屬期間，
participants and determine the shares to be	惟須受股份獎勵計劃所載之條款及條件
granted, vesting criteria and conditions, and period	所規限。倘股份獎勵計劃項下之獎勵股份
for the shares to be vested, subject to the terms and	數目（定義見下文）超過於採納日期已發
conditions set out in the Share Award Scheme. The	行股份總數目之5%，本公司董事不得進
directors of the Company shall not grant further	一步授出獎勵。
awards if they would result in the number of Award
Shares (defined as below) under the Share Award
Scheme exceeding 5% of the total number of shares
in issue as at the date of the Adoption Date.
The Company established a trust to purchase shares	本公司根據股份獎勵計劃已為本公司及
of the Company for the benefit of employees and	其附屬公司僱員及董事之利益設立信託
the directors of the Company and its subsidiaries	以購買本公司股份（「獎勵股份」）。根據
under the Share Award Scheme (the "Award	股份獎勵計劃之規則，本公司已委任香
Shares"). Pursuant to the rules of the Share Award	港中央證券信託有限公司為信託人（「信
Scheme, the Company has appointed a trustee,	託人」）於獎勵期間內管理股份獎勵計
Computershare Hong Kong Trustees Limited	劃及購買以及持有獎勵股份。根據股份
("Trustee"), to administer the Share Award Scheme	獎勵計劃，本公司向信託貢獻最多港幣
and to purchase and hold the Award Shares during	74,000,000元以購買股份。
the Award Period. The Company would contribute
a maximum of HK$74,000,000 to the trust for the
purchase of shares under the Share Award Scheme.

100 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

17. SHARE AWARD SCHEME (continued)

17. 股份獎勵計劃（續）

Unless the Board of Directors determines otherwise at its absolute discretion, an award shall automatically lapse upon (i) the resignation of the selected participant's employment; or

termination of the selected participant's employment or early termination of the contractual engagement with the relevant member of the Group by reasons of misconduct or otherwise pursuant to law or employment or engagement contract, and the relevant Award Shares shall not vest on the relevant vesting date.

If there occurs an offer by way of takeover, merger, scheme of arrangement, share repurchase or otherwise, all the outstanding Award Shares shall immediately vest on the date when such offer becomes or is declared unconditional or in the case of a scheme of arrangement on the record date for determining entitlements under such scheme and such date shall be deemed the vesting date.

If there is an event of any spin-off and separate listing of any subsidiary, assets or businesses of the Company on the Stock Exchange or elsewhere, structured in whole or in part as a distribution in specie or in respect of which shareholders are otherwise entitled to participate, all the outstanding Award Shares shall immediately vest on the earlier of (i) the date of approval of the listing by the Stock Exchange or other relevant regulatory body, and

the date that falls five business days prior to the record date for the distribution in specie or other date set for the entitlement to participate. Such date shall be deemed the vesting date.

當(i)獲選參與者辭職；或(ii)獲選參與者與本集團相關成員公司終止僱傭關係或與本集團相關成員公司之合約委聘關係因法律或僱傭或合約聘用規定之行為失當或其他原因而提前終止，獎勵將自動失效，而相關獎勵股份不會於相關歸屬日期歸屬。除非董事會全權酌情另行決定，則另當別論。

倘以收購、合併、重組安排計劃、股份回購或其他方式提出要約，所有已授出之獎勵股份將於該要約成為或被宣佈為無條件當日或就重組安排計劃而言，於確定重組安排計劃項下之權利之記錄日期即時歸屬，而該日期將被視為歸屬日期。

倘本公司之任何附屬公司、資產或企業於聯交所或其他交易所分拆及獨立上市、全部或部分構成實物分派或股東以其他方式有權參與，所有已授出之獎勵股份將於以下日期（以較早者為準）即時歸屬：(i) 獲聯交所或其他相關監管機構批准上市之日，及(ii)實物分派登記日期前五個營業日之日或安排有權參與之其他日期。有關日期將被視為歸屬日期。

2019/2020年中期報告興勝創建控股有限公司

101

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

17. SHARE AWARD SCHEME (continued)	17. 股份獎勵計劃（續）
	During the year ended 31 March 2017, the Trustee	於截至二零一七年三月三十一日止年
	purchased an aggregate of 51,700,000 shares of the	度，信託人已於市場上購買本公司合
	Company from the market at a total consideration	共51,700,000股股份，代價總額約為港
	of approximately HK$71,995,000 (including directly	幣71,995,000元（包括直接應佔遞增成
	attributable incremental costs) and a total of	本），且於二零一七年三月十日根據股份
	51,542,000 shares were granted to 88 eligible	獎勵計劃已向88名合資格參與者授出合
	participants on 10 March 2017 pursuant to the	共51,542,000股股份。於截至二零一九年
	Share Award Scheme. No shares were purchased or	九月三十日止六個月及截至二零一九年
	granted by the Company under the Share Award	三月三十一日止年度，本公司並無根據股
	Scheme during the six months ended 30 September	份獎勵計劃購買或授出股份。
	2019 and the year ended 31 March 2019.
	Details of the movement of the Award Shares	根據股份獎勵計劃授出之獎勵股份之變
	granted under the Share Award Scheme are as	動詳情如下：
	follows:
						Number of
						Awarded
				Number of	Vested	Shares
				Awarded Shares	during	outstanding
				outstanding	the	as at
				as at	year ended	31.3.2019
	Category of participants	Date of grant	Vesting date	1.4.2018	31.3.2019	and 30.9.2019
						於二零一九年
						三月三十一日
				於二零一八年	於截至	及二零一九年
				四月一日	二零一九年	九月三十日
				尚未歸屬之	三月三十一日	尚未歸屬之
	參與者類型	授出日期	歸屬日期	獎勵股份數目	止年度歸屬	獎勵股份數目
	Directors	10 March 2017	30 June 2018	33,873,000	(33,873,000)	-
	董事	二零一七年三月十日	二零一八年六月三十日
	Employees	10 March 2017	30 June 2018	17,543,000	(17,543,000)	-
	僱員	二零一七年三月十日	二零一八年六月三十日

	Total			51,416,000	(51,416,000)	-
	總計

102 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
17. SHARE AWARD SCHEME (continued)	17. 股份獎勵計劃（續）
During the six months ended 30 September 2019, no	截至二零一九年九月三十日止六個月，
equity-settledshare-based payment was recognised	根據本公司股份獎勵計劃，本集團並無就
by the Group in relation to shares award pursuant	股份獎勵確認為以權益結算及以股份支
to the Share Award Scheme by the Company. The	付之款項。股份獎勵計劃已於二零一九年
Share Award Scheme was expired on 27 July 2019.	七月二十七日到期。
During the six months ended 30 September 2018,	截至二零一八年九月三十日止六個月，
the Group recognised equity-settledshare-based	根據本公司股份獎勵計劃，本集團就股份
payments amounting to HK$12,760,000 in relation	獎勵確認港幣12,760,000元的以權益結
to shares award pursuant to the Share Award	算及以股份支付之款項。
Scheme by the Company.

18. ACQUISITION OF SUBSIDIARIES/ DISPOSAL OF SUBSIDIARIES

For the six months ended 30 September 2019

Acquisition of Storage Portfolio Holding II Ltd and disposal of Storage Management Group
On 16 July 2019, an indirect wholly owned subsidiary of the Company, Excellent Sincere Limited, entered into a sale and purchase agreement with an independent third party to acquire the entire issued and paid- up share capital and shareholder loan of Storage Portfolio Holding II Ltd, together with its wholly owned subsidiaries, (i) Storage Holding I Ltd; and (ii) Storage Management Ltd, Minibox Asia Limited and New Empire Properties Limited ("Storage Management Group"), at a consideration of approximately HK $ 737,884,000 . The acquisition was completed on 30 August 2019. Storage Portfolio Holding II Ltd was principally engaged in the self-storage business through Storage Management Group and holds various industrial properties portfolio located at Chai Wan and Kwun Tong, Hong Kong through Storage Holding I Ltd.

18. 收購附屬公司╱出售附屬公司

截至二零一九年九月三十日止六個月

收購Storage Portfolio Holding II Ltd及出售Storage Management
集團

於二零一九年七月十六日，本公司之間接全資附屬公司卓誠有限公司與獨立第三方訂立買賣協議，以收購 Storage Portfolio Holding II Ltd，連同其全資附屬公

司(i) Storage Holding I Ltd；及(ii)

Storage Management Ltd、美利倉亞洲有限公司及鴻恩地產有限公司（「Storage Management集團」）之全部已發行及繳足股本以及股東貸款，代價約為港幣737,884,000 元。收購已於二零一九年八月三十日完成。Storage Portfolio Holding II Ltd主要透過 Storage Management集團從事迷你倉業務及透過Storage Holding I Ltd持有位於香港柴灣及觀塘的各項工業物

業組合。

2019/2020年中期報告興勝創建控股有限公司

103

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

18. ACQUISITION OF SUBSIDIARIES/ DISPOSAL OF SUBSIDIARIES (continued)

For the six months ended 30 September 2019

(continued)

Acquisition of Storage Portfolio Holding II Ltd and disposal of Storage Management Group
(continued)
Immediately after the completion of the acquisition on 30 August 2019, Storage Portfolio Holding II Ltd entered into a sale and purchase agreement on the same day with an independent third party to disposed the entire interest in Storage Management Group at a consideration of approximately HK$16,194,000. The disposal was completed on the same day. After the disposal of Storage Management Group, the major asset of Storage Portfolio Holding II Ltd represented the industrial properties located at Chai Wan and Kwun Tong.
The directors of the Company are of the opinion that the acquisition does not constitute business combination as defined in HKFRS 3, therefore, the acquisition has been accounted for as acquisition of assets.

18. 收購附屬公司╱出售附屬公司

續）

截至二零一九年九月三十日止六個月

（續）

收購Storage Portfolio Holding II Ltd及出售Storage Management
集團（續）
緊隨於二零一九年八月三十日

收購完成後，Storage Portfolio Holding II Ltd與獨立第三方於同日訂立買賣協議以出售 Storage Management集團之全部權益，代價約為港幣 16,194,000元。出售已於同日完成。出售 Storage Management集團之後，Storage Portfolio Holding II Ltd的主要資產為位於柴灣及觀塘的工業物業。

本公司董事認為該收購並不構成香港財務報告準則第三號所界定之業務合併，因此，該收購事項已作為資產收購入賬。

104 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

18. ACQUISITION OF SUBSIDIARIES/	18. 收購附屬公司╱出售附屬公司
DISPOSAL OF SUBSIDIARIES (continued)	（續）
For the six months ended 30 September 2019	截至二零一九年九月三十日止六個月
(continued)		（續）
(i) Acquisition of Storage Portfolio Holding II Ltd	(i)	收購Storage Portfolio Holding II
	and disposal of Storage Management Group		Ltd及出售Storage Management
	(continued)			集團（續）
	The assets acquired and liabilities recognised		於收購Storage Portfolio Holding
	on the date of acquisition of Storage Portfolio		II Ltd及出售Storage Management
	Holding II Ltd and the disposal of Storage		集團之日所收購之資產及確認之負
	Management Group, was as follows:			債如下：
					HK$'000
					港幣千元
	For the acquisition of	收購Storage Portfolio Holding
	Storage Portfolio Holding II Ltd:	II Ltd：
	Investment properties	投資物業			726,063
	Debtors, deposits and prepayments	應收款項、按金及預付款項	77
	Bank balances and cash	銀行結餘及現金		568
	Trade and other payables	應付款項及其他應付款項	(198)
	Taxation payable	應付稅項			(757)
	Deferred tax liabilities	遞延稅項負債		(4,063)

					721,690
	Assets and liabilities classified as	分類為持作出售資產及負債（附註）
	held for sale (Note)				16,194

	Net assets acquired	已收購資產淨值		737,884

2019/2020年中期報告興勝創建控股有限公司

105

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

18. ACQUISITION OF SUBSIDIARIES/	18. 收購附屬公司╱出售附屬公司
DISPOSAL OF SUBSIDIARIES (continued)	（續）
For the six months ended 30 September 2019	截至二零一九年九月三十日止六個月

(continued)

Acquisition of Storage Portfolio Holding II Ltd and disposal of Storage Management Group
(continued)

（續）

收購Storage Portfolio Holding II Ltd及出售Storage Management
集團（續）

		HK$'000
		港幣千元
Note: Assets and liabilities of Storage Management 附註：Storage Management集團分類為
Group classified as held for sale and	持作出售及已出售之資產及負債如
disposed of were as follows:	下：
Property, plant and equipment	物業、廠房及設備	11,806
Deposits for leasehold improvement	裝修按金	1,638
Right-of-use assets	使用權資產	1,373
Other non-current asset	其他非流動資產	77
Debtors, deposits and prepayments	應收款項、按金及預付款項	1,531
Inventories	存貨	217
Bank balances and cash	銀行結餘及現金	8,641
Trade and other payables	應付款項及其他應付款項	(6,807)
Contract liabilities	合約負債	(255)
Deferred tax liabilities	遞延稅項負債	(632)
Lease liabilities	租賃負債	(1,395)

		16,194

		HK$'000
		港幣千元
The consideration for the acquisition	支付收購Storage Portfolio Holding
of Storage Portfolio Holding II Ltd is	II Ltd之代價：
satisfied by:
Cash consideration paid	已付現金代價	736,706
Consideration payable, included	包含於其他應付款項之應付代價
in other payables		1,178

		737,884

106 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
18. ACQUISITION OF SUBSIDIARIES/	18. 收購附屬公司╱出售附屬公司
DISPOSAL OF SUBSIDIARIES (continued)	（續）
For the six months ended 30 September 2019	截至二零一九年九月三十日止六個月

(continued)

Acquisition of Storage Portfolio Holding II Ltd and disposal of Storage Management Group
(continued)

（續）

收購Storage Portfolio Holding II Ltd及出售Storage Management
集團（續）

HK$'000

港幣千元

The consideration for the disposal of	出售Storage Management集團之代
Storage Management Group:	價：
Cash consideration received	已收現金代價	18,240
Overpayment of consideration,	包含於其他應付款項之多付代價
included in other payables		(2,046)

		16,194

Net cash outflows on acquisition of	收購Storage Portfolio Holding II
Storage Portfolio Holding II Ltd:	Ltd之現金流出淨額：
Consideration paid	已付代價	736,706
Bank balances and cash acquired	已收購銀行結餘及現金	(9,209)

		727,497

Net cash inflows on disposal of Storage	出售Storage Management集團之
Management Group:	現金流入淨額：
Consideration received	已收代價	18,240
Bank balances and cash disposed	已出售的銀行結餘及現金	(8,641)

		9,599

2019/2020年中期報告興勝創建控股有限公司

107

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

18. ACQUISITION OF SUBSIDIARIES/	18. 收購附屬公司╱出售附屬公司
DISPOSAL OF SUBSIDIARIES (continued)	（續）
For the six months ended 30 September 2019	截至二零一九年九月三十日止六個月
(continued)	（續）
(ii) Disposal of General Mark Holdings Limited	(ii) 出售廣誌控股有限公司
On 15 July 2019, an indirect wholly owned	於二零一九年七月十五日，本公司
subsidiary of the Company, Shangzhi Limited,	之間接全資附屬公司尚志有限公
entered into a sale and purchase agreement	司與獨立第三方訂立買賣協議，
with an independent third party to dispose	以出售廣誌控股有限公司，連同其
of its entire interests in General Mark	全資附屬公司茂中國際有限公司
Holdings Limited, together with its wholly	（「茂中」）之全部權益，代價約為
owned subsidiary, Masswell International	港幣421,529,000元。茂中從事物
Limited ("Masswell"), at a consideration of	業投資。茂中的主要資產為位於香
approximately HK$421,529,000. Masswell is	港高街111號的服務式住宅「One
engaged in property investment. The major	Eleven 」。出售已於二零一九年八月
asset of Masswell represented a serviced	十五日完成。
apartment named ''One Eleven" situated at
No. 111 High Street, Hong Kong. The disposal
was completed on 15 August 2019.

108 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

		FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
			截至二零一九年九月三十日止六個月
18. ACQUISITION OF SUBSIDIARIES/	18. 收購附屬公司╱出售附屬公司
DISPOSAL OF SUBSIDIARIES (continued)	（續）
For the six months ended 30 September 2019	截至二零一九年九月三十日止六個月
(continued)		（續）
(ii) Disposal of General Mark Holdings Limited	(ii) 出售廣誌控股有限公司（續）
	(continued)
	The assets and liabilities of the subsidiaries on	於出售日期附屬公司之資產及負債
	the date of disposal:		如下：
				HK$'000
				港幣千元
	Investment properties	投資物業		420,000
	Property, plant and equipment	物業、廠房及設備	1,235
	Debtors, deposits and prepayments	應收款項、按金及預付款項	288
	Bank balances and cash	銀行結餘及現金	2,708
	Trade and other payables	應付款項及其他應付款項	(1,467)

				422,764
	Loss on disposal	出售虧損		(1,235)

				421,529

	Satisfied by:	支付方式：
	Cash consideration received	已收現金代價	421,835
	Overpayment of consideration,	包含於其他應付款項之多付代價
	included in other payables			(306)

				421,529

	Net cash inflows on disposal:	出售時現金流入淨額：
	Consideration received	已收代價		421,835
	Bank balances and cash disposed	已出售的銀行結餘及現金	(2,708)

				419,127

2019/2020年中期報告興勝創建控股有限公司

109

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

18. ACQUISITION OF SUBSIDIARIES/	18. 收購附屬公司╱出售附屬公司
DISPOSAL OF SUBSIDIARIES (continued)	（續）
For the six months ended 30 September 2018	截至二零一八年九月三十日止六個月
Acquisition of Richway Group	收購Richway集團
On 2 March 2018, an indirect wholly owned	於二零一八年三月二日，本公司之間接
subsidiary of the Company, Shinning Bliss Limited,	全資附屬公司亮佑有限公司與一名獨立
entered into a sale and purchase agreement with an	第三方訂立買賣協議，以收購 Richway
independent third party to acquire the entire issued	Group Holdings Limited連同其全資
share capital and shareholder's loan to Richway	附屬公司朝陽置業有限公司（統稱為
Group Holdings Limited together with its wholly	「Richway集團」）之全部已發行股本及
owned subsidiary, Sunny Way Properties Limited,	股東貸款，代價為港幣505,144,000元。
(collectively referred to as "Richway Group") at a	收購已於二零一八年四月十二日完成，
consideration of HK$505,144,000. The acquisition	Richway集團之主要資產為位於香港荷李
was completed on 12 April 2018. The major asset	活道222號之一整棟物業。本公司董事認
of Richway Group represented the whole block of	為該等交易並不構成香港財務報告準則
property located at No. 222 Hollywood Road, Hong	第三號所界定之業務合併，因此，該收購
Kong. The directors of the Company are of the	事項已作為資產收購入賬。
opinion that these transactions do not constitute
business combinations as defined in HKFRS 3,
therefore, this acquisition have been accounted for
as acquisition of assets.

110 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

				FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
				截至二零一九年九月三十日止六個月
18. ACQUISITION OF SUBSIDIARIES/		18. 收購附屬公司╱出售附屬公司
	DISPOSAL OF SUBSIDIARIES (continued)	（續）
	For the six months ended 30 September 2018	截至二零一八年九月三十日止六個月
	(continued)		（續）
	Acquisition of Richway Group (continued)		收購Richway集團（續）
	The assets acquired and liabilities recognised on the	於收購日期所收購之資產及確認之負債
	date of acquisition, is as follows:		如下：
					HK$'000
					港幣千元
	Investment properties	投資物業	506,023
	Property, plant and equipment	物業、廠房及設備	358
	Debtors, deposits and prepayments	應收款項、按金及預付款項	601
	Trade and other payables	應付款項及其他應付款項	(1,838)

	Net assets acquired	已收購資產淨值	505,144

	Satisfied by:	支付方式：
		Cash consideration paid	已付現金代價	454,506
		Deposits paid for acquisition of a subsidiary	已付收購附屬公司按金	50,638

					505,144

	Net cash outflows on acquisition:	收購之現金流出淨額：
		Consideration paid during the six months	截至二零一八年九月三十日止
		ended 30 September 2018	六個月內之已付代價	454,506

19. PERFORMANCE BONDS		19. 履約保證
	As at 30 September 2019, the Group had	於二零一九年九月三十日，本集團就建築
	outstanding performance bonds in respect	合約持有之履約保證達港幣164,047,000
	o f c o n s t r u c t i o n c o n t r a c t s a m o u n t i n g t o	元（二零一九年三月三十一日：港幣
	HK$164,047,000 (31 March 2019: HK$136,941,000).	136,941,000元）。

2019/2020年中期報告興勝創建控股有限公司

111

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

20. COMMITMENTS	20. 承擔
At the end of the reporting period, the Group had	於報告期末，本集團有以下承擔：
the following commitments:

			30.9.2019	31.3.2019
			二零一九年	二零一九年
			九月三十日	三月三十一日
			HK$'000	HK$'000
			港幣千元	港幣千元
Capital expenditure contracted	就下列各項已訂約
	for but not provided in the	但尚未列於簡明綜合
	condensed consolidated	財務報表內之資本支出：
	financial statements in
	relation to:
	Acquisition of investment	收購投資物業
	properties		-	440,100

		30.9.2019	31.3.2019
		二零一九年	二零一九年
		九月三十日	三月三十一日
		HK$'000	HK$'000
		港幣千元	港幣千元
The Group's share of the	本集團分佔與其他合營企業
commitments made jointly	夥伴就合營企業共同作出
with other joint ventures	但於報告期尚末確認之
relating to the joint ventures,	承擔如下：
but not recognised at the end
of the reporting period is as
follows:
Commitments to provide loans	提供貸款承擔	1,313,745	382,857

112 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

21. FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS

Some of the Group's financial assets are measured at fair value at the end of each reporting period. The following table gives information about how the fair values of these financial assets are determined (in particular, the valuation technique(s) and inputs used), as well as the level of the fair value hierarchy into which the fair value measurements are categorised (levels 1 to 3) based on the degree to which the inputs to the fair value measurements are observable.

Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities;
Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); and
Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).

21. 財務工具之公平值計量

本集團部分財務資產於各報告期末按公平值計量。下表闡述有關釐定該等財務資產公平值之方法（尤其是所用之估值技術及輸入變數），以及按公平值計量輸入變數之可觀察程度將公平值計量分類之公平值等級類別（第一至三級）之資料。

第一級公平值計量乃根據相同資產或負債於活躍市場中所報價格（未經調整）得出；
第二級公平值計量乃除第一級計入之報價外，根據資產或負債可直接
- 即價格）或間接（自價格衍生）觀察之輸入變數得出；及
第三級公平值計量是指由包含非依據可觀察之市場資料的資產或負債之輸入變數（不可觀察輸入變數）的估價技術得出的公平值計量。

2019/2020年中期報告興勝創建控股有限公司

113

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

21. FAIR VALUE MEASUREMENTS OF	21. 財務工具之公平值計量（續）
	FINANCIAL INSTRUMENTS (continued)
		Fair value as at	Fair value as	Fair value	Valuation technique(s)
	Financial assets	30.9.2019	at 31.3.2019	hierarchy	and key input(s)
		於二零一九年	二零一九年
		九月三十日之	三月三十一日之
	財產資產	公平值	公平值	公平值層級估值方法及主要輸入變數
	Financial assets at fair value
	through profit or loss
	- Listed equity securities in	HK$407,000	HK$519,000	Level 1 Quoted bid prices in an active
	Hong Kong				market.
	透過損益按公平值計算之
	財務資產
	－於香港上市之股本證券	港幣407,000元	港幣519,000元	第一級	活躍市場買入報價。

There was no transfer among Level 1, 2 and 3 during both periods.

The directors of the Company consider that the carrying amounts of financial assets and financial liabilities recorded at amortised cost in the condensed consolidated financial statements approximate their fair values.

於兩段期間，第一級、第二級及第三級之間並沒有轉撥。

本公司董事認為，於簡明綜合財務報表按攤銷成本列賬之財務資產及財務負債之賬面值與其公平值相若。

114 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019 截至二零一九年九月三十日止六個月

22. RELATED PARTY TRANSACTIONS	22. 關聯人士交易
(a) In addition to the balances with related parties	(a)	除於簡明綜合財務狀況表及附註11
	as disclosed in the condensed consolidated		及12所披露之關聯人士結餘外，本
	statement of financial position and notes		集團於期內已與下列關聯人士達成
	11 and 12, the Group has entered into the		交易：
	following transactions with related parties
	during the period:
				For the six months
				ended 30 September
				截至九月三十日止六個月

				2019	2018
				二零一九年	二零一八年
				HK$'000	HK$'000
				港幣千元	港幣千元
	A related party in which a	來自本公司一位董事控制之
	director of the Company	關聯人士：
	has control:
	- Design, supply and	－設計、供應及安裝鋁窗及
	installation of aluminium	幕牆服務收入（附註1）
	windows and curtain
	walls service income
	(Note 1)			-	1,619
	Joint ventures of the Group:	來自本集團合營企業：
	- Construction income	－建築收入（附註2）
	(Note 2)			-	740
	- Interior and renovation	－裝飾及維修收入
	income (Note 2)	（附註2）		-	3,904
	- Project management	－項目管理收入（附註2）
	income (Note 2)			305	5,277
	An associate of the Group:	來自本集團聯營公司：
	- Lease expenses (Note 2)	－租賃費用（附註2）	(105)	(105)
	A subsidiary of Million Hope:	美亨的附屬公司：
	- Lease expenses (Note 1)	－租賃費用（附註1）	(777)	-

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115

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

22. RELATED PARTY TRANSACTIONS	22. 關聯人士交易（續）
(continued)
(a) (continued)	(a) （續）
Notes:	附註：
(1) These related party transactions constitute	(1) 此等關聯人士交易構成上市規則第
connected transactions as defined in Chapter	14A章定義之關連交易，惟根據上市規
14A of the Listing Rules but are exempted from	則第14A章可豁免披露及其他規定。
disclosure and other requirements under Chapter
14A of the Listing Rules.
(2) These related party transactions do not constitute	(2) 此等關聯人士交易不構成上市規則第
connected transactions or continuing connected	14A章定義之關連交易或持續關連交
transactions as defined in Chapter 14A of the	易。
Listing Rules.

On 16 August 2019, Hanison Construction Holdings (BVI) Limited, a direct wholly owned subsidiary of the Company, a joint venture owned as to 50% by the Group, the joint venture partner and a purchaser, an independent third party, entered into a sale and purchase agreement in relation to the disposal of entire issued share capital of Popular Castle Limited by the joint venture, at a consideration of HK$1,080,000,000, in which Hanison Construction Holdings (BVI) Limited and the joint venture partner have agreed to guarantee the due and punctual performance of the obligation of the joint venture in respect of the disposal in accordance to its interest in the joint venture for a maximum exposure of HK$1,100,000,000. The disposal is yet to be completed as at the reporting date.

於二零一九年八月十六日，本公司直接全資附屬公司 Hanison

Construction Holdings (BVI) Limited、本集團持有50%的合營企業、合營企業合夥人與買方（一名獨立第三方）訂立買賣協議，內容有關合營企業出售 Popular Castle Limited全部已發行股本，代價為港幣1,080,000,000元，據此，

Hanison Construction Holdings (BVI) Limited及合營企業合夥人同意保證合營企業有關出售的義務獲按時恰當地履行（按照其於合營企業權益所承擔的最高風險港幣 1,100,000,000元）。於報告日期，該出售尚未完成。

116 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

			FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
				截至二零一九年九月三十日止六個月
22. RELATED PARTY TRANSACTIONS	22. 關聯人士交易（續）
(continued)
(c) Compensation for key management	(c) 主要管理人員之薪酬
	personnel
	The remuneration of directors and other		期內董事及其他主要管理人員之薪
	members of key management during the		酬如下：
	period is as follows:
				For the six months
				ended 30 September
				截至九月三十日止六個月

				2019	2018
				二零一九年	二零一八年
				HK$'000	HK$'000
				港幣千元	港幣千元
	For continuing and	持續經營及已終止經營業務
	discontinued operations
	Fees	袍金		2,450	2,450
	Salaries and other benefits	薪金及其他福利		10,621	11,504
	Retirement benefits	退休福利計劃供款
	schemes contributions			1,452	1,552
	Equity-settledshare-based	以權益結算及以股份
	payments	支付之款項		-	11,536
				14,523	27,042

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117

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019

截至二零一九年九月三十日止六個月

23. EVENTS AFTER THE END OF THE	23. 報告期末後事項
REPORTING PERIOD
(i)	On 11 October 2019, an indirect wholly owned	(i)	於二零一九年十月十一日，本公司
	subsidiary of the Company, Oriental Effort		間接全資附屬公司Oriental Effort
	Limited, entered into a sale and purchase		Limited與獨立第三方訂立買賣協
	agreement with an independent third party		議，以收購卓雄國際有限公司全部
	to acquire the entire issued and paid-up share		已發行及繳足股款股本以及股東
	capital and shareholder loan of Excel Chinese		貸款，卓雄國際有限公司持有名為
	International Limited, which holds a serviced		「香港馨樂庭尚圜公寓酒店」之服
	residence and hotel business operated at the		務式住宅及酒店業務，代價為港幣
	property in the name "Citadines Mercer Hong		740,800,000元（可予調整）。本集
	Kong" at a consideration of HK$740,800,000		團於二零一九年九月三十日已付按
	(subject to adjustment) . Deposits of		金港幣37,040,000元。該收購已於
	HK$37,040,000 was paid by the Group		二零一九年十一月八日完成。本集
	as at 30 September 2019. The acquisition		團就有關交易入賬為收購資產，因
	was completed on 8 November 2019. The		為本集團所收購的絕大部分總資產
	transaction is accounted for as acquisition of		集中為被收購者所持有之物業。
	assets by the Group as substantially all of the
	gross assets acquired is concentrated in the
	properties held by the acquiree.
(ii)	On 18 October 2019, the Company granted	(ii)	於二零一九年十月十八日，本公司
	share options to subscribe for a total of		根據於二零一一年九月二十一日採
	53,174,000 ordinary shares (of which 82,000		納的購股權計劃向若干參與者（包
	share options were lapsed subsequently)		括僱員及董事）授出購股權，以認購
	of HK$0.1 each in the share capital of the		本公司股本中每股面值港幣0.1元
	Company under the share option scheme		的普通股合共53,174,000股（其中
	adopted by the Company on 21 September		82,000份購股權期後失效），每股行
	2011 to certain participants, including		使價為港幣1.16元。購股權可於授
	employees and directors, at an exercise price of		出日期起計五年期間（二零一九年
	HK$1.16 per share. The options are exercisable		十月十八日至二零二四年十月十七
	for a period of 5 years from the date of grant		日）行使。
	(i.e. 18 October 2019 to 17 October 2024).

118 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表附註

	FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2019
	截至二零一九年九月三十日止六個月
23. EVENTS AFTER THE END OF THE	23. 報告期末後事項（續）
REPORTING PERIOD (continued)
(iii) On 29 July 2019, a 50% joint venture,	(iii) 本集團持有50%權益之合營企業
Flourishing Stable Limited, was formed. On 27	盛堅有限公司於二零一九年七月
September 2019, a wholly owned subsidiary	二十九日成立。於二零一九年九
of the joint venture, Fortune Creation	月二十七日，合營企業之一間全資
Developments Limited, entered into a sale	附屬公司創福發展有限公司與一
and purchase agreement with an independent	名獨立第三方訂立買賣協議，以
third party to acquire the equity interests in a	收購持有位於香港利眾街14及16
company holding a property located at Nos.	號物業之公司之股權，代價為港幣
14 and 16 Lee Chung Street, Hong Kong at	948,025,000元。於二零一九年九
a consideration of HK$948,025,000. As at 30	月三十日，本集團向合營企業墊支
September 2019, the Group advanced amounts	港幣47,400,000元，其中港幣390元
of HK$47,400,000 to the joint venture, of	為合營企業之注資而剩餘部分為
which HK$390 was the capital injection and the	貸款。該收購已於二零一九年十月
remaining portion represented the loan to the	二十三日完成。
joint venture. The acquisition was completed
on 23 October 2019.

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119

REPORT ON REVIEW OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表審閱報告

TO THE BOARD OF DIRECTORS OF	致HANISON CONSTRUCTION HOLDINGS
HANISON CONSTRUCTION HOLDINGS LIMITED	LIMITED（興勝創建控股有限公司）董事會
(incorporated in the Cayman Islands with limited liability)	（於開曼群島註冊成立之有限公司）
INTRODUCTION	引言
We have reviewed the condensed consolidated financial	本核數師（以下簡稱「我們」）已審閱列載於
statements of Hanison Construction Holdings Limited	第35至119頁Hanison Construction Holdings
("the Company") and its subsidiaries (collectively	Limited（興勝創建控股有限公司）（以下簡稱
referred to as the "Group") set out on pages 35 to 119,	「貴公司」）及其附屬公司（以下統稱為「貴集
which comprise the condensed consolidated statement	團」）的簡明綜合財務報表，此財務報表包括於
of financial position as of 30 September 2019 and the	二零一九年九月三十日的簡明綜合財務狀況表
related condensed consolidated statement of profit or	與截至該日止六個月期間的相關簡明綜合損益
loss, statement of profit or loss and other comprehensive	表、簡明綜合損益及其他全面收益表、簡明綜
income, statement of changes in equity and statement	合權益變動表和簡明綜合現金流量表以及若
of cash flows for the six-month period then ended, and	干說明附註。香港聯合交易所有限公司證券上
certain explanatory notes. The Rules Governing the	市規則規定，就中期財務資料編製的報告必須
Listing of Securities on The Stock Exchange of Hong Kong	符合其有關條款及香港會計師公會頒佈的香
Limited require the preparation of a report on interim	港會計準則第三十四號「中期財務報告」。貴
financial information to be in compliance with the	公司董事須負責根據香港會計準則第三十四
relevant provisions thereof and Hong Kong Accounting	號編製及列報簡明綜合財務報表。我們的責任
Standard 34 "Interim Financial Reporting" ("HKAS	是根據我們的審閱對簡明綜合財務報表作出
34") issued by the Hong Kong Institute of Certified	結論，並按照我們受聘之協定條款，僅向全體
Public Accountants. The directors of the Company are	董事會報告，而此報告書不可用作其他用途。
responsible for the preparation and presentation of	我們概不就本報告書的內容，對任何其他人士
these condensed consolidated financial statements	負責或承擔責任。
in accordance with HKAS 34. Our responsibility is to
express a conclusion on these condensed consolidated
financial statements based on our review, and to report
our conclusion solely to you, as a body, in accordance
with our agreed terms of engagement, and for no other
purpose. We do not assume responsibility towards or
accept liability to any other person for the contents of
this report.

120 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

REPORT ON REVIEW OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 簡明綜合財務報表審閱報告

SCOPE OF REVIEW	審閱範圍
We conducted our review in accordance with Hong	我們已根據香港會計師公會頒佈的香港審閱
Kong Standard on Review Engagements 2410 "Review	委聘準則第2410號「由實體獨立核數師審閱中
of Interim Financial Information Performed by the	期財務資料」進行審閱。簡明綜合財務報表審
Independent Auditor of the Entity" issued by the	閱工作包括主要向負責財務及會計事務的人
Hong Kong Institute of Certified Public Accountants.	員作出查詢，並應用分析和其他審閱程序。由
A review of these condensed consolidated financial	於審閱的範圍遠較按照香港審計準則進行審
statements consists of making inquiries, primarily of	核的範圍為小，所以不能保證我們會知悉到在
persons responsible for financial and accounting matters,	審核中可能會被發現的所有重大事項。因此我
and applying analytical and other review procedures.	們不會發表審核意見。
A review is substantially less in scope than an audit
conducted in accordance with Hong Kong Standards on
Auditing and consequently does not enable us to obtain
assurance that we would become aware of all significant
matters that might be identified in an audit. Accordingly
we do not express an audit opinion.
CONCLUSION	結論
Based on our review, nothing has come to our attention	根據我們的審閱工作，我們並無察覺到任何事
that causes us to believe that the condensed consolidated	項，使我們相信此簡明綜合財務報表在所有重
financial statements are not prepared, in all material	大方面並非按照香港會計準則第三十四號的
respects, in accordance with HKAS 34.	規定編製。

Deloitte Touche Tohmatsu	德勤• 關黃陳方會計師行
Certified Public Accountants	執業會計師
Hong Kong	香港
19 November 2019	二零一九年十一月十九日

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121

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

A. INVESTMENT PROPERTIES HELD FOR	A. 持有投資物業作為租金收入用
	RENTAL PURPOSES		途
				Attributable
		Area		interest of
		(sq.ft.)	Nature of	the Group	Category of
	Descriptions	面積	property	本集團	lease
	概況	（平方呎）	物業性質	應佔權益	租約類別
	1. Workshop 7, 1/F, Block A,	20,997	Industrial	100%	Medium-term
	Workshops 12-15, 4/F, Block A,	(excluding			lease
	Workshops 1-11 &	area of flat
	majority portion of	roofs and
	Workshop 23 (including flat	car parking
	roofs of Workshops 5 & 6),4/F,	spaces)
	Block A,	(Saleable
	Car Parking Spaces	area)
	V31, V36, V49, V50, V55 & L53
	Shatin Industrial Centre
	Nos. 5-7 Yuen Shun Circuit
	Shatin, New Territories
	新界沙田	20,997	工業	100%	中期
	源順圍5至7號	（不包括平台
	沙田工業中心	及車位之面
	A座一樓工作間7，	積）
	A座四樓工作間12至15，A座四樓（實用面積）
	工作間1至11及工作間23之主要部
	份（包括工作間5及6之平台），車位
	V31、V36、V49、V50、V55及L53
	2. Various lots	142,066	Agricultural	100%	Medium-term
	in Demarcation District No. 76	(Site area)			lease
	Ping Che
	Fanling
	New Territories
	新界	142,066	農地	100%	中期
	粉嶺	（地盤面積）
	坪輋丈量約份76號
	若干地段

122 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

A. INVESTMENT PROPERTIES HELD FOR	A. 持有投資物業作為租金收入用
	RENTAL PURPOSES (continued)		途（續）
				Attributable
		Area		interest of
		(sq.ft.)	Nature of	the Group	Category of
	Descriptions	面積	property	本集團	lease
	概況	（平方呎）	物業性質	應佔權益	租約類別
	3. Leasehold interest in the	2,731	Commercial	100%	Medium-term
	Head-Lease for the residual	(Saleable			lease
	term of 30 years commencing	area)
	from 1 December 1989 with
	an option to renew for a further
	term of 30 years of whole of
	No. 31 Wing Wo Street,
	Sheung Wan
	Hong Kong
	香港上環永和街31號整幢之	2,731	商業	100%	中期
	總租賃契約之租賃權益	（實用面積）
	租賃年期由一九八九年
	十二月一日開始，為期三十年
	（並有續訂另外三十年租期之
	權利）
	4. Workshop Unit	4,192	Industrial	100%	Medium-term
	Nos. 4 to 6 (inclusive) on	(excluding			lease
	2/F and Lorry Carpark	area of car
	Nos. L7 & L8	parking
	on G/F,	spaces)
	Kin Wing Industrial Building,	(Saleable
	No. 33 Kin Wing Street,	area)
	Tuen Mun, New Territories
	新界屯門	4,192	工業	100%	中期
	建榮街33號	（不包括車位
	建榮工業大廈二樓4至6號工作間	之面積）
	（兩者包括在內）	（實用面積）
	及地下車位編號L7及L8

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123

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

A. INVESTMENT PROPERTIES HELD FOR	A. 持有投資物業作為租金收入用
	RENTAL PURPOSES (continued)		途（續）
					Attributable
			Area		interest of
			(sq.ft.)	Nature of	the Group	Category of
	Descriptions	面積	property	本集團	lease
	概況		（平方呎）	物業性質	應佔權益	租約類別
5.	West Castle	21,188	Industrial	100%	Medium-term
		No. 22 Yip Shing Street	(Gross floor	(with special		lease
		Kwai Chung, New Territories	area)	waiver for
				commercial
				uses)
		新界葵涌業成街22號之	21,188	工業	100%	中期
		West Castle	（建築面積）（附帶商業用
				途特殊豁免）
6.	West Park	40,158	Residential	100%	Medium-term
		Nos. 256-258 Tung Chau Street	(Gross floor			lease
		Kowloon	area)
		九龍通州街256號至258號之	40,158	住宅	100%	中期
		West Park	（建築面積）
7.	The Edward	28,620	Commercial	100%	Long lease
		Nos. 99-101 Lai Chi Kok Road,	(Marketing
		Mong Kok, Kowloon	gross floor
		九龍旺角荔枝角道99號至101號之	area)	商業		長期
		28,620	100%
		The Edward	（可售建築面
			積）

124 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

A. INVESTMENT PROPERTIES HELD FOR	A. 持有投資物業作為租金收入用
	RENTAL PURPOSES (continued)		途（續）
					Attributable
			Area		interest of
			(sq.ft.)	Nature of	the Group	Category of
	Descriptions	面積	property	本集團	lease
	概況		（平方呎）	物業性質	應佔權益	租約類別
8.	Offices B, J, K, L, M, N & P on	7,377	Commercial	100%	Medium-term
		21/F and Car Parking Space Nos.	(excluding			lease
		P48 and P49 on B/F,	area of car
		Kings Wing Plaza 1,	parking
		3 On Kwan Street, Shek Mun,	spaces)
		Shatin,	(Marketing
		New Territories	gross floor
		新界沙田石門安群街3號	area)	商業		中期
		7,377	100%
		京瑞廣場一期	（不包括車位
		21樓之辦公室B、J、K、L、M、N及P	之面積）
		以及地庫P48號及P49號停車位	（可售建築面
			積）
9.	Shops 2, 3 on G/F, and shop 5	9,923	Commercial	100%	Long lease
		on G/F and 1/F,	(Marketing
		The Austine Place,	gross floor
		No. 38 Kwun Chung Street,	area)
		Kowloon
		九龍	9,923	商業	100%	長期
		官涌街38號	（可售建築面
		The Austine Place地下	積）
		2號、3號及地下連1樓5號舖
10.	Hollywood Hill	27,414	Residential	100%	Long lease
		No. 222 Hollywood Road,	(Gross floor
		Sheung Wan, Hong Kong	area)
		香港上環荷李活道222號之	27,414	住宅	100%	長期
		Hollywood Hill	（建築面積）

2019/2020年中期報告興勝創建控股有限公司

125

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

A. INVESTMENT PROPERTIES HELD FOR	A. 持有投資物業作為租金收入用
	RENTAL PURPOSES (continued)		途（續）
					Attributable
			Area		interest of
			(sq.ft.)	Nature of	the Group	Category of
	Descriptions	面積	property	本集團	lease
	概況		（平方呎）	物業性質	應佔權益	租約類別
	11. Lot No. 716 and The Remaining	11,492	Agricultural	50%	Medium-term
		Portions of Lot Nos. 719 and	(Site area)			lease
		721 in Demarcation District
		No. 132, Tuen Mun,
		New Territories
		新界屯門丈量約份132號地段	11,492	農地	50%	中期
		716號以及719號及721號之剩餘部（地盤面積）
		份
12.	PeakCastle	145,394	Commercial	50%	Medium-term
		No. 476 Castle Peak Road	(Gross floor			lease
		Kowloon	area)
		九龍青山道476號之	145,394	商業	50%	中期
		PeakCastle	（建築面積）
13.	Hay Nien Building	62,889	Industrial	100%	Medium-term
		No.1 Tai Yip Street,	(Gross floor			lease
		Kwun Tong, Kowloon	area)
		九龍觀塘大業街1號之	62,889	工業	100%	中期
		禧年大廈	（建築面積）
14.	Minico Building	68,297	Industrial	100%	Long lease
		No. 18 Lee Chung Street,	(Gross floor
		Chai Wan, Hong Kong	area)
		香港柴灣利眾街18號之	68,297	工業	100%	長期
		美利倉大廈	（建築面積）

126 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

A. INVESTMENT PROPERTIES HELD FOR	A. 持有投資物業作為租金收入用
	RENTAL PURPOSES (continued)		途（續）
				Attributable
		Area		interest of
		(sq.ft.)	Nature of	the Group	Category of
	Descriptions	面積	property	本集團	lease
	概況	（平方呎）	物業性質	應佔權益	租約類別
	15. Portion 1 of Unit A and	7,829	Industrial	100%	Long lease
	Portion 2 of Unit A including	(excluding
	the Flat Roof appurtenant	area of flat
	thereto on 4/F and	roofs)
	Car Parking Space No. 12	(Saleable
	on G/F,	area)
	Chaiwan Industrial Centre,
	No. 20 Lee Chung Street,
	Hong Kong
	香港利眾街20號之	7,829	工業	100%	長期
	柴灣中心工業大廈4樓A單位	（不包括平台
	第1部份及A單位第2部份	之面積）
	（包括附屬平台）及地下12號車位（實用面積）
	16. Unit N3 on 1/F and Staircases	22,278	Industrial	100%	Medium-term
	Nos. R4, R5 and R6 on G/F of	(excluding			lease
	Block 3, Nos. 448-458 Kwun	area of flat
	Tong Road, Unit Q4 on 1/F of	roofs)
	Block 4 including the Flat Roof	(Saleable
	appurtenant thereto, Nos. 436-	area)
	446 Kwun Tong Road and Car
	Parking Space Nos. 55 & 56 on
	G/F, Nos. 436-484 Kwun Tong
	Road, Kwun Tong Industrial
	Centre, Kowloon
	九龍官塘工業中心	22,278	工業	100%	中期
	觀塘道448號至458號3座1樓	（不包括平台
	N3單位及地下樓梯R4、R5及R6、	之面積）
	觀塘道436號至446號4座1樓Q4單	（實用面積）
	位（包括附屬平台）及觀塘道436號
	至484號地下55號及56號車位

2019/2020年中期報告興勝創建控股有限公司

127

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

B.		PROPERTIES UNDER DEVELOPMENT	B.	於香港之發展中之待售物業
		FOR SALE IN HONG KONG
			Site	Gross floor		Expected		Attributable
			area	area		completion		interest of
			(sq. ft.)	(sq. ft.)	Stage of	date	Nature of	the Group	Category of
		Descriptions	地盤面積	建築面積	completion	預計完工	property	本集團	lease
		概況	（平方呎）	（平方呎）	完成階段	日期	物業性質	應佔權益	租約類別
		No. 57A Nga Tsin Wai Road,	8,092	Not yet	Planning in	No definite	Residential	100%	Medium-
		Kowloon Tong, Kowloon		determined	progress	plan			term lease
		九龍九龍塘衙前圍道57A號	8,092	尚未確定	按計劃進行中	無具體計劃	住宅	100%	中期
		Central Industrial Building	24,337	Not yet	Planning in	No definite	Industrial	50%	Medium-
		Nos. 57-61 Ta Chuen Ping Street,		determined	progress	plan			term lease
		Kwai Chung, New Territories
		新界葵涌打磚坪街57至61號之	24,337	尚未確定按計劃進行中	無具體計劃	工業	50%	中期
		中央工業大廈
C.		PROPERTIES UNDER DEVELOPMENT	C.	於中國內地之發展中之待售物
		FOR SALE/PROPERTIES HELD FOR SALE	業╱持作待售物業
		IN MAINLAND CHINA
			Site	Gross floor		Expected		Attributable
			area	area		completion		interest of
			(sq. m.)	(sq. m.)	Stage of	date	Nature of	the Group	Category of
		Descriptions	地盤面積	建築面積	completion	預計完工	property	本集團	lease
		概況	（平方米）	（平方米）	完成階段	日期	物業性質	應佔權益	租約類別
		A development project located	35,680	144,656	Phase 1 -	Phase	Commercial	49%	Medium-
		at the west of Wenyuan Road			Completed	2 and 3 -			term lease
		and south of Houfutinggang,			Phase 2 and	No definite
		Haining City, Zhejiang Province,			3 - Planning	plan
		The PRC (including sold but not			in progress
		yet handover units and unsold
		units of Phase 1 and land for
		Phase 2 and Phase 3 development)
		位於中國浙江省	35,680	144,656	第一期－	第二及	商業	49%	中期
		海寧市區文苑路西側、			已完工	第三期－
		後富亭港南側的一項發展項目			第二及	無具體計劃
	（包括第一期已出售但			第三期－
		並未交收之單位及未出售單位			按計劃
		以及第二、三期發展之土地）			進行中

128 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

D. PROPERTIES HELD FOR SALE	D. 持作待售物業
				Attributable
		Area		interest of
		(sq. ft.)	Nature of	the Group	Category
	Descriptions	面積	property	本集團	of lease
	概況	（平方呎）	物業性質	應佔權益	租約類別
	1. Shop 1 on G/F,	1,443	Commercial	100%	Long lease
	The Austine Place,	(Marketing
	No. 38 Kwun Chung Street	Gross floor
	Kowloon	area)
	九龍	1,443	商業	100%	長期
	官涌街38號	（可售建築
	The Austine Place	面積）
	地下1號舖
	2. Unsold units at Mount Vienna, No. 8,	5,065	Residential	25%	Medium-term
	Lok Lam Road, Fo Tan, Shatin,	(Saleable			lease
	New Territories	area)
	新界沙田火炭樂林路8號之Mount Vienna之	5,065	住宅	25%	中期
	未出售單位	（實用面積）
E. SELF-USED PROPERTIES	E.	自用物業
				Attributable
		Area		interest of
		(sq.ft.)	Nature of	the Group	Category
	Descriptions	面積	property	本集團	of lease
	概況	（平方呎）	物業性質	應佔權益	租約類別
	1. Workshops 9 - 12, 2/F, Block A,	25,750	Industrial	100%	Medium-term
	Workshops 16-22 & Minority Portion of	(Saleable			lease
	Workshop 23, 4/F, Block A and	area)
	Car Parking Space L46
	Shatin Industrial Centre
	Nos. 5-7 Yuen Shun Circuit
	Shatin, New Territories
	新界沙田	25,750	工業	100%	中期
	源順圍5至7號	（實用面積）
	沙田工業中心

A座二樓工作間9至12，A座四樓工作間 16至22及工作間23之小部份

及車位L46

2019/2020年中期報告興勝創建控股有限公司

129

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

E. SELF-USED PROPERTIES (continued)	E. 自用物業（續）
					Attributable
			Area		interest of
			(sq.ft.)	Nature of	the Group	Category
	Descriptions	面積	property	本集團	of lease
	概況		（平方呎）	物業性質	應佔權益	租約類別
2.	Workshop Unit	4,095	Industrial	100%	Medium-term
		Nos. 1 to 3 (inclusive) on 2nd floor,	(Saleable			lease
		Kin Wing Industrial Building,	area)
		No. 33 Kin Wing Street,
		Tuen Mun, New Territories
		新界屯門建榮街33號	4,095	工業	100%	中期
		建榮工業大廈二樓1至3號工作間（兩者包括在內）	（實用面積）
	3. Various lots in Demarcation District	45,518	Agricultural	100%	Medium-term
		No. 77, Ping Che, Fanling,	(Site area)			lease
		New Territories
		新界	45,518	農地	100%	中期
		粉嶺坪輋丈量約份77號若干地段	（地盤面積）
	4. Lot No. 735 s.B in Demarcation District	4,356	Agricultural	100%	Medium-term
		No. 129, Deep Bay Road, Yuen Long,	(Site area)			lease
		New Territories
		新界元朗深灣路丈量約份129號地段第B段735號	4,356	農地	100%	中期
			（地盤面積）
5.	Various lots in	44,588	Agricultural	100%	Medium-term
		Demarcation District No. 374,	(Site area)			lease
		So Kwun Wat, Tuen Mun,
		New Territories
		新界屯門掃管笏路丈量約份374號若干地段	44,588	農地	100%	中期
			（地盤面積）

130 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

E. SELF-USED PROPERTIES (continued)	E. 自用物業（續）
				Attributable
		Area		interest of
		(sq.ft.)	Nature of	the Group	Category
	Descriptions	面積	property	本集團	of lease
	概況	（平方呎）	物業性質	應佔權益	租約類別
	6. Various lots in Demarcation District	67,315	Agricultural	100%	Medium-term
	No. 121, Tong Yan San Tsuen,	(Site area)			lease
	Yuen Long, New Territories
	新界元朗唐人新村丈量約份121號若干地段	67,315	農地	100%	中期
		（地盤面積）
	7. Offices A, B, C, D, E, F, G, H, J, K, L, M, N & P	15,175	Commercial	100%	Medium-term
	on 22/F and Car Parking Space Nos.	(excluding			lease
	P44, P45 and P46 on Basement Floor,	area of car
	Kings Wing Plaza 1, 3 On Kwan Street,	parking spaces)
	Shek Mun, Shatin, New Territories	(Marketing
		gross floor
		area)
	新界沙田石門安群街3號京瑞廣場一期22樓之	15,175	商業	100%	中期
	辦公室A、B、C、D、E、F、G、H、J、K、L、M、	（不包括車位之
	N及P及地庫P44號、P45號及P46號停車位	面積）
		（可售建築
		面積）

2019/2020年中期報告興勝創建控股有限公司

131

SUMMARY OF MAJOR PROPERTIES 主要物業摘要

E. SELF-USED PROPERTIES (continued)	E. 自用物業（續）
					Attributable
			Area		interest of
			(sq.ft.)	Nature of	the Group	Category
	Descriptions	面積	property	本集團	of lease
	概況		（平方呎）	物業性質	應佔權益	租約類別
8.	Offices A, C, D, E, F, G & H on 21/F and Car	7,696	Commercial	100%	Medium-term
		Parking Space No. P47 on Basement Floor,	(excluding			lease
		Kings Wing Plaza 1, 3 On Kwan Street,	area of car
		Shek Mun, Shatin, New Territories	parking spaces)
			(Marketing
			gross floor
			area)
		新界沙田石門安群街3號京瑞廣場一期21樓之	7,696	商業	100%	中期
		辦公室A、C、D、E、F、G及H及地庫P47號停車位	（不包括車位之
			面積）
			（可售建築
			面積）
9.	Room 2002, 20/F, World Trade Tower,	1,664	Commercial	100%	Medium-term
		No. 500 Guangdong Road, Huangpu District,	(Gross floor			lease
		Shanghai, The PRC	area)
		中國上海市黃浦區廣東路500號	1,664	商業	100%	中期
		世界貿易大廈20樓2002室	（建築面積）
10.	The Connaught	41,704	Commercial	50%	Long lease
		No. 138 Connaught Road West, Hong Kong	(Gross floor
			area)
		香港干諾道西138號之The Connaught	41,704	商業	50%	長期
			（建築面積）

132 HANISON CONSTRUCTION HOLDINGS LIMITED INTERIM REPORT 2019/2020

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Hanison Construction Holdings Ltd. published this content on 29 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2019 07:47:06 UTC

Latest news about Hanison Construction Holdings Limited

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Hanison Construction Holdings Limited's Equity Buyback announced on September 9, 2022, has expired.	22/23/22	CI
Hanison Construction to Pay Dividend Despite Swing to Full-Year Loss	20/23/20	MT
Hanison Construction Holdings Limited Announces Second Interim Dividend for the Year Ended 31 March 2023, Payable on 24 July 2023	20/23/20	CI
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Hanison Construction Holdings Limited Declares an Ordinary First Interim Dividend for the Year Ending 31 March 2023, Payable on 14 December 2022	15/22/15	CI
Hanison Construction Swings to Loss in April-September	15/22/15	MT
Hanison Construction Holdings Limited Reports Earnings Results for the Half Year Ended September 30, 2022	15/22/15	CI
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Hanison Construction Holdings Limited Provides Preliminary Unaudited Group Earnings Guidance for the Six Months Ended 30 September 2022	03/22/03	CI
Hanison Construction Holdings Limited commences an Equity Buyback Plan for 110,558,567 shares, representing 10% of its issued share capital, under the authorization approved on August 23, 2022.	09/22/09	CI
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Hanison Construction Holdings' FY22 Profit Decreases on Lower Revenue	14/22/14	MT
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Company Profile

Hanison Construction Holdings Limited is a Hong Kong-based investment holding company principally engaged in construction engineering businesses. The Company operates through seven segments. Construction segment is engaged in construction contract engineering businesses. Interior and Renovation segment is engaged in decoration and renovation businesses. Building Materials segment is engaged in the supply and installation of interior products and curtain walls, among others. Health Products segment is engaged in the wholesales of healthcare products and the operation of related retail stores. Property Investment segment is engaged in the leasing of residential and commercial properties. Property Development segment is engaged in the sales of residential and industrial properties, among others. Property Agency and Management segment is engaged in the provision of agency and management services for properties.

Sector

Construction & Engineering

Calendar

28/06/2024 - Q4 2024 Earnings Release

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Sector Other Construction & Engineering

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Hanison Construction Holdings Limited

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896

KYG428581030

Construction & Engineering

Hanison Construction : Interim Report 2019/2020

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Chart Hanison Construction Holdings Limited

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Income Statement Evolution

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Sector Other Construction & Engineering