2024/25

Anual Report

年报

朗

华

国

际

集

团

有

限

公

司

年

报

CHARACTERISTICS OF GEM OF THE STOCK

EXCHANGE OF HONG KONG LIMITED (THE

“STOCK EXCHANGE”)

GEM has ben positioned as a market designed to

acomodate smal and mid-sized companies to which a

higher investment risk may be atached than other companies

listed on the Stock Exchange. Prospective investors should be

aware of the potential risks of investing in such companies and

should make the decision to invest only after due and careful

consideration.

Given that the companies listed on GEM are generaly smal

and mid-sized companies, there is a risk that securities traded

on GEM may be more susceptible to high market volatility than

securities traded on the Main Board of the Stock Exchange

and no asurance is given that there wil be a liquid market in

the securities traded on GEM.

Hong Kong Exchanges and Clearing Limited and the Stock Exchange

take no responsibility for the contents of this report, make no

representation as to its acuracy or completenes and expresly

disclaim any liability whatsoever for any los howsoever arising from or

in reliance upon the whole or any part of the contents of this report.

This report, for which the directors (the “Directors”) of China Briliant

Global Limited (the “Company”) colectively and individualy acept ful

responsibility, includes particulars given in compliance with the Rules

Governing the Listing of Securities on GEM of the Stock Exchange

(the “GEM Listing Rules”) for the purpose of giving information with

regard to the Company. The Directors, having made al reasonable

enquiries, confirm that, to the best of their knowledge and belief, the

information contained in this report is acurate and complete in al

material respects and not misleading or deceptive, and there are no

other maters the omision of which would make any statement herein

or this report misleading.

香港联合交易所有限公司（「联交所」）

GEM之特色

GEM之定位，乃为相比起其他在联交所上市

之公司带有较高投资风险之中小型公司提供

一个上市之市场。有意投资之人士应了解投

资于该等公司之潜在风险，并应经过审慎周

详之考虑后方作出投资决定。

由于GEM上市公司普遍为中小型公司，在

GEM买卖的证券可能会较于联交所主板买

卖之证券承受较大的市场波动风险，同时无

法保证在GEM买卖的证券会有高流通量的

市场。

香港交易及结算所有限公司及联交所对本报

告的内容概不负责，对其准确性或完整性亦

不发表任何声明，并明确表示，概不就因本

报告全部或任何部分内容而产生或因倚赖该

等内容而引致的任何损失承担任何责任。

本报告乃遵照联交所《GEM证券上市规则》

（「GEM上市规则」）之规定而提供有关朗华国

际集团有限公司（「本公司」）之资料，本公司董

事（「董事」）愿就本报告共同及个别承担全部

责任。董事在作出一切合理查询后确认，就

彼等所深知及确信，本报告所载资料在各重

大方面均属准确及完整，且并无误导或欺骗

成分；及本报告并无遗漏任何事项，致使本

报告内任何声明或本报告产生误导。

107,372
(86,318)
21,054
343
(43)
(10,765)
(497)
2,445
12,537
(2,318)
10,219
—
10,219
(578)
—
(578)
9,641

10,068
151
10,219
10,068
—
10,068
9,501
14 0
9,641
0.69
0.68
0.69
0.68
—

334,406
340
334,066
151,844
181,749
333,593
473
334,066

145,724	523,511	(1,981)	32,464	350,984	37,793	20,503	1,894	(786,800)	324,092	—	324,092
—	—	—	—	—	—	—	—	10,068	10,068	151	10,219
—	—	(567)	—	—	—	—	—	—	(567)	(11)	(578)
—	—	(567)	—	—	—	—	—	10,068	9,501	140	9,641
—	—	—	—	—	—	—	—	—	—	333	333
6,120	14,383	—	—	—	—	(20,503)	—	—	—	—	—
151,844	537,894	(2,548)	32,464	350,984	37,793	—	1,894	(776,732)	333,593	473	334,066

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

综合权益变动表

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

96China Briliant Global Limited I Anual Report 2024/25

Atributable to owners of the Company

归属于本公司拥有人

capital

premium

acount

Foreign

curency

translation

reserve

option

reserve

Merger

reserve

Capital

contribution

reserve

award

reserve

Statutory

reserve

fund

Acumulated

losesSubtotal

Non-

controling

interestsTotal

股本股份溢价账

外币汇兑

储备购股权储备合并储备

资本注入

储备

股份奖励

储备

法定储备

基金累计亏损小计非控股权益总计

(note a)(note c)(note d)(note f)(note e)(note g)(note b)

（附注a）（附注c）（附注d）（附注f）（附注e）（附注g）（附注b）

HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元千港元千港元千港元千港元千港元千港元千港元千港元

As at 1 April 2023于二零二三年四月一日145,724523,511(352)32,46433937,793—1,150(705,247)35,38230,78066,162

Los for the year年内亏损—(68,926)(68,926)(7,169)(76,095)

Other comprehensive (los)/income for the year:年内其他全面（亏损）╱收益：

Exchange diferences on translation of foreign operation换算海外业务之汇兑差额—(1,483)—(1,483)59(1,424)

Reclasification adjustments for foreign operations

disposed

出售海外业务的重新分类调整

—(146)—(146)—(146)

Total comprehensive los for the year年内全面亏损总额—(1,629)—(68,926)(70,555)(7,110)(77,665)

Dividend declared to former shareholder of a subsidiary

before acquisition (note 3)

收购前向附属公司前股东

派付的股息（附注3）—(11,883)(11,883)—(11,883)

Transfer to statutory reserve转拨至法定储备—744(744)—

Disposal of subsidiaries (note 48)出售附属公司（附注48）—350,645—350,645(24,208)326,437

Recognition of employes share award scheme确认雇员股份奖励计划—20,503—20,503—20,503

Recognition of employes share award scheme on

subsidiary level

确认附属公司层面的雇员

股份奖励计划—538538

As at 31 March 2024于二零二四年三月三十一日145,724523,511(1,981)32,464350,98437,79320,5031,894(786,800)324,092—324,092

As at 1 April 2024于二零二四年四月一日

Profit for the year年内溢利

Other comprehensive los for the year:年内其他全面亏损：

Exchange diferences on translation of foreign operation换算海外业务之汇兑差额

Total comprehensive income for the year年内全面收益总额

Acquisition of non-controling interests收购非控股权益

Alotment of share under the share award scheme (note 35)根据股份奖励计划配发股份

（附注35）

As at 31 March 2025于二零二五年三月三十一日

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

综合权益变动表

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

972024/25 年报 I 朗华国际集团有限公司

Notes:

(a) Share premium acount

Under the Companies Law (2001 Revision) of the Cayman Islands, the

share premium acount of the Company is distributable to its shareholders

provided that imediately folowing the date on which the dividend is

proposed to be distributed, the Company wil be in a position to pay of its

debts as they fal due in the ordinary course of busines.

(b) Statutory reserve fund

Pursuant to the relevant laws and regulations for busines enterprises in the

People’s Republic of China (the “PRC”), a portion of the profits of the entities

which are registered in the PRC has ben transfered to the statutory reserve

fund which is restricted as to use. When the balance of such reserve fund

reaches 50% of the capital of that entity, any further apropriation is optional.

The statutory reserve fund can be utilised, upon aproval of the relevant

authority, to ofset prior years’ loses or to increase capital. However, the

balance of the statutory reserve fund must be maintained at least 25% of

capital after such usage.

Foreign curency translation reserve represents exchange diferences relating

to the translation of the net asets of the Group’s foreign operations from

their functional curencies to the Group’s presentation curency (i.e. Hong

Kong dolar (“HK$”) which are recognised directly in other comprehensive

income and acumulated in the foreign curency translation reserve. Such

exchange diferences acumulated in the foreign curency translation reserve

are reclasified to profit or los on the disposal of the foreign operations.

(d) Share option reserve

The share option reserve comprises the fair value of share options granted

which are yet to be exercised. The amount wil be transfered to the share

premium acount when the related options are exercised, and wil be

transfered to acumulated loses should the related options expire or be

forfeited.

(e) Capital contribution reserve

Capital contribution reserve represents Mr. Zhang Chunhua (“Mr. Zhang”),

a director and substantial shareholder of the Company, had acepted a

promisory note isued by the Company with terms of promisory note in

favor to the Group.

(f) Merger reserve

The merger reserve represents the acquisition of a subsidiary and disposal of

subsidiaries under comon control and the acquisition is acounted for by

aplying the principles of merger acounting in acordance with Acounting

Guideline 5 Merger acounting for Comon Control Combinations.

(g) Share award reserve

Share awards reserve represent cumulative fair value of services received/

receivable from employes measured at the date of grant under the CBG

Share Award Scheme adopted on 20 March 2024.

附注：

(a) 股份溢价账

根据开曼群岛公司法（二零一年修订本），本

公司之股份溢价账可供分派予股东，惟于紧随

建议派付股息当日后，本公司须能偿还于日常

业务过程中到期之债务。

(b) 法定储备基金

根据中华人民共和国（「中国」）的相关企业法律

及条例，于中国注册之实体之部分溢利已转拨

至有限定用途之法定储备基金。当该等储备基

金结余达该实体资本之50%时，可选择是否作

出进一步划拨。法定储备基金仅在获得相关部

门批准后方可动用，以抵销过往年度之亏损或

增资。然而，运用法定储备基金后之结余须至

少维持在资本之25%。

外币汇兑储备指有关本集团海外业务之资产净

值由其功能货币换算为本集团之呈列货币（即

港元）时产生之汇兑差额，直接于其他全面收

益中确认及于外币汇兑储备中累计。该等于外

币汇兑储备累计之汇兑差额于出售海外业务时

重新分类至损益。

(d) 购股权储备

购股权储备包括已授出但尚未行使购股权之公

平价值。金额将于有关购股权获行使时转拨至

股份溢价账，及将会于有关购股权届满或被没

收时转拨至累计亏损。

(e) 资本注入储备

资本注入储备指本公司董事及主要股东张春华

先生（「张先生」）已接纳本公司发行之承付票据，

其条款为以本集团为受益人之承付票据。

(f) 合并储备

合并储备指因收购及出售共同控制下的附属公

司而产生，并依照会计指引第5号共同控制合并

之合并会计法的规定，采用合并会计原则进行

会计处理。

(g) 股份奖励储备

股份奖励储备指按根据于二零二四年三月二十

日采纳之朗华国际股份奖励计划所计量于授

出日期已接获╱将接获雇员服务之累计公平价

值。

12,537
—
12,537
109
(78)
245
77
—
497
(100)
—
(2,445)
60
—
—
10,902
(318)
10,491
(26,648)
582
25,253
(682)
(3,928)
—
15,652
(3,419)

CONSOLIDATED STATEMENT OF CASH FLOWS

综合现金流量表

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

98China Briliant Global Limited I Anual Report 2024/25

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

CASH FLOWS FROM OPERATING

ACTIVITIES

经营业务之现金流量

Profit/(los) before tax from continuing

operations

来自持续经营业务之除税前

溢利╱（亏损）(51,537)

Los before tax from discontinued

operation

来自已终止经营业务之除税前

亏损(21,505)

(73,042)

Adjustments for:经调整下列各项：

Amortisation of intangible asets无形资产摊销1,827

Bank interest income银行利息收入(84)

Depreciation of property, plant and equipment物业、厂房及设备之折旧475

Depreciation of right-of-use asets使用权资产折旧922

Employes share award scheme expenses on

subsidiary level

附属公司层级的雇员股份

奖励计划开支538

Finance costs财务费用484

Gain arising on fair value change of contingent

consideration payable

应付或然代价公平价值变动产生

之收益—

Gain on disposal of interest in an asociate出售联营公司权益的收益(10)

Impairment loses (reversed)/recognised under

expected credit los model, net

根据预期信贷亏损模式之（减值

亏损拨回）╱确认减值亏损，

净额23,144

Los arising on fair value change of financial

asets at FVTPL

按公平价值计入损益之金融资

产公平价值变动产生之亏损—

Los arising on fair value change of financial

liabilities at FVTPL

按公平价值计入

损益之金融负债公平价值

变动产生亏损8,688

Share award scheme expenses股份奖励计划开支20,503

Operating cash flow before movements

in working capital

营运资金变动前经营现金流量

(16,555)

Change in inventories存货变动14,042

Change in loan receivables应收贷款变动(5,182)

Change in trade receivables贸易应收账款变动2,042

Change in prepayments, deposits and

other receivables

预付款项、订金及

其他应收款项变动15,987

Change in trade payables贸易应付账款变动(791)

Change in other payables and acruals其他应付款项及应计款项变动(2,115)

Change in contract liabilities合约负债变动(14,236)

Change in deposits from customers客户存款变动45,978

Cash generated from operations经营业务所得之现金39,170

Tax paid已付税项(2,512)

12,233
(371)
78
2,949
160
—
5,200
—
(260)
7,756
23
(7,361)
(66)
(7,404)
12,585
15,248
(518)
27,315

CONSOLIDATED STATEMENT OF CASH FLOWS

综合现金流量表

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

992024/25 年报 I 朗华国际集团有限公司

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Net cash generated from operating

activities

经营业务所得之现金净额

36,658

CASH FLOWS FROM INVESTING

ACTIVITIES

投资业务之现金流量

Advance to a former asociate向前联营公司垫款(311)

Bank interest received已收银行利息84

Change in amounts due from related companies应收关联公司款项变动(9,236)

Net cash inflow from acquisition of subsidiaries

(note 46)

收购附属公司的现金流入净额

（附注46）—

Net cash outflow from disposal of subsidiaries

(note 48)

来自出售附属公司现金流出净额

（附注48）(83,313)

Proced from non-curent aset clasified as

held for sale

分类为持作出售之非流动资产

所得款项—

Purchase of intangible asets购买无形资产(256)

Purchases of property, plant and equipment购入物业、厂房及设备(76)

Net cash from/(used in) investing activities投资业务所得╱（所用）之

现金净额(93,108)

CASH FLOWS FROM FINANCING

ACTIVITIES

融资业务之现金流量

Advance from directors董事垫款20,158

(Repayment to)/advance from related companies（还款予）╱关联公司垫款6,882

Repayment of lease liabilities偿还租赁负债(1,080)

Net cash (used in)/from

financing activities

融资业务（所用）╱所得之

现金净额25,960

NET INCREASE/(DECREASE) IN CASH AND

CASH EQUIVALENTS

现金及现金等值物

增加╱（减少）净额(30,490)

Cash and cash equivalents at the begining of

the reporting period

报告期初之现金及

现金等值物46,886

Efect of foreign exchange rate changes, net汇率变动之影响净额(1,148)

CASH AND CASH EQUIVALENTS AT

THE END OF REPORTING PERIOD

报告期末之现金及现金等值物

15,248

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

100China Briliant Global Limited I Anual Report 2024/25

1. GENERAL INFORMATION

China Briliant Global Limited is a limited liability company

incorporated in the Cayman Islands. The adres of its

registered ofice is Century Yard, Cricket Square, Hutchins Drive,

P.O. Box 2681, Grand Cayman KY1-1111, the Cayman Islands.

The adres of its principal place of busines is Lot 2288,

D129, Lau Fau Shan Road, Yuen Long, N.T., Hong Kong with

efect from 21 July 2025. The Company’s shares are listed on

GEM of The Stock Exchange of Hong Kong Limited (the “Stock

Exchange”). Its imediate and ultimate parent is Briliant Chapter

Limited (“Briliant Chapter”), a company incorporated in Republic

of Seycheles with limited liabilities and owned by Mr. Zhang

and Source Mega Limited which acts as nomine of Ms. Zhang

Chunping (“Ms. Zhang”). Both Mr. Zhang and Ms. Zhang are the

directors and Mr. Zhang is the brother of Ms. Zhang.

The consolidated financial statements are presented in HK$,

which is also the functional curency of the Company and al

values are rounded to the nearest thousand (“HK$’000”), unles

otherwise stated. The Group’s subsidiaries are operating in the

PRC with Renminbi (“RMB”) as their functional curency. The

directors consider that it is more apropriate to present the

consolidated financial statements in HK$ as the shares of the

Company are listed on the Stock Exchange.

1. 一般资料

朗华国际集团有限公司为一间于开曼

群岛注册成立之有限公司。其注册办事

处地址为Century Yard, Cricket Square,

Hutchins Drive, P.O. Box 2681, Grand

Cayman KY1-1111, the Cayman Islands。

其主要营业地点地址为香港新界元朗流

浮山道D129地段2288（自二零二五年七

月二十一日起生效）。本公司之股份于香

港联合交易所有限公司（「联交所」）GEM

上市。其直接及最终母公司为Briliant

Chapter Limited（「Briliant Chapter」，一

间于塞舌尔共和国注册成立的有限公司，

由张先生及Source Mega Limited（为张

春萍女士（「张女士」）之代名人）拥有）。

张先生及张女士均为董事且张先生为张

女士之胞兄。

除另有指明外，综合财务报表以港元呈

列，本公司之功能货币亦为港元，所有

金额均调整至最接近千位数（「千港元」）。

本集团附属公司乃于中国经营业务，其

功能货币为人民币（「人民币」）。因本公

司之股份于联交所上市，董事认为综合

财务报表以港元呈列较为适合。

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司101

2. 应用新订及经修订香港财务报

告会计准则

于本年度强制生效之新订及经修订

香港财务报告会计准则

于本年度，本集团已首次应用由香港会

计师公会（「香港会计师公会」）颁布且已

于二零二四年四月一日开始之年度期间

强制生效的以下新订及经修订香港财务

报告会计准则，以编制综合财务报表：

香港财务报告准则

第16号（修订本）

售后租回的租赁负债

香港会计准则第1号

（修订本）

将负债分类为流动负债或

非流动负债及香港香

诠释第5号的相关修订

本（二零二零年）

香港会计准则第1号

（修订本）

附带契约的非流动负债

香港会计准则第7号及

香港财务报告准则

第7号（修订本）

供应商融资安排

于本年度应用经修订香港财务报告会计

准则不会对本集团于本年度及过往年度

的财务状况及表现及╱或综合财务报表

所载披露造成重大影响。

2. APLICATION OF NEW AND AMENDMENTS

TO HKFRS ACOUNTING STANDARDS

New and amendments to HKFRS Acounting

Standards that are mandatorily efective for curent

year

In the curent year, the Group has aplied the folowing new

and amendments to HKFRS Acounting Standards isued by

the Hong Kong Institute of Certified Public Acountants (the

“HKICPA”) for the first time, which are mandatorily efective for

the anual periods begining on 1 April 2024 for the preparation

of the consolidated financial statements:

Amendments to HKFRS 16Lease Liability in a Sale and Leaseback

Amendments to HKAS 1Clasification of Liabilities as Curent or

Non-curent and Related Amendments to

Hong Kong Interpretation 5 (2020)

Amendments to HKAS 1Non-curent Liabilities with Covenants

Amendments to HKAS 7 and

HKFRS 7

Suplier Finance Arangements

The aplication of the amendments to HKFRS Acounting

Standards in the curent year has had no material impact on

the Group’s financial positions and performance for the curent

and prior years and/or on the disclosures set out in these

consolidated financial statements.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

102China Briliant Global Limited I Anual Report 2024/25

2. 应用新订及经修订香港财务报

告会计准则（续）

已颁布但尚未生效之经修订香港财

务报告会计准则

本集团并无提早应用下列已颁布惟尚未

生效的经修订香港财务报告会计准则：

香港会计准则第28号及

香港财务报告准则

第10号（修订本）

投资者与其联营公司或合营企业之间的

资产出售或注资

香港财务报告准则

第18号

财务报表的呈列及披露

香港财务报告准则

第9号及香港财务报告

准则第7号（修订本）

金融工具分类与计量的修订

香港财务报告准则

第9号及香港财务报告

准则第7号（修订本）

依赖自然能源生产电力的合约

香港财务报告准则

会计准则的年度改进

— 第11卷

香港财务报告准则第1号、香港财务报告

准则第7号、香港财务报告准则第9号、

香港财务报告准则第10号及香港会计

准则第7号（修订本）

香港会计准则第21号

（修订本）

缺乏可交换性

二零二五年一月一日或之后开始的年度期

间生效。

二零二六年一月一日或之后开始的年度

期间生效。

二零二七年一月一日或之后开始的年度期

间生效。

于待定日期或其后的年度期间生效。

本公司董事预期，应用所有经修订香港

财务报告会计准则于可见将来不会对综

合财务报表造成重大影响。

2. APLICATION OF NEW AND AMENDMENTS

TO HKFRS ACOUNTING STANDARDS

(Continued)

Amendments to HKFRS Acounting Standards isued

but not yet efective

The Group has not early aplied the folowing amendments to

HKFRS Acounting Standards that have ben isued but not yet

efective:

Amendments to HKAS 28 and

HKFRS 10

Sale or Contribution of Asets betwen

an Investor and its Asociate or Joint

Venture

HKFRS 18Presentation and Disclosure in Financial

Statements

Amendments to HKFRS 9 and

HKFRS 7

Amendments to the Clasification and

Measurement of Financial Instrument

Amendments to HKFRS 9 and

HKFRS 7

Contract Referencing Nature-dependent

Electricity

Anual Improvements to HKFRS

Acounting Standards —

Volume 11

Amendments to HKFRS 1, HKFRS 7,

HKFRS 9, HKFRS 10 and HKAS 7

Amendments to HKAS 21Lack of Exchangeability

Efective for anual periods begining on or after 1 January 2025.

Efective for anual periods begining on or after 1 January 2026.

Efective for anual periods begining on or after 1 January 2027.

Efective for anual periods on or after a date to be determined.

The directors anticipate that the aplication of al amendments

to HKFRS Acounting Standards wil have no material impact on

the consolidated financial statements in the foreseable future.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司103

3. 重大会计政策资料

除另有说明者外，编制综合财务报表所

应用之重大会计政策载列如下。该等政

策一直贯彻应用于各个呈报年度。

合规声明

综合财务报表乃根据香港会计师公会颁

布的所有适用香港财务报告准则（「香港

财务报告准则」）、香港会计准则（「香港

会计准则」）、香港（国际财务报告诠释

委员会）诠释、香港诠释及香港（准则诠

释委员会）诠释（统称为「诠释」）及香港普

遍认可的会计原则而编制。此外，综合

财务报表包括联交所GEM证券上市规则

（「GEM上市规则」）及香港公司条例适用

披露事项。

编制基准

除报告期末以公平价值计量之若干金融

工具外，综合财务报表乃根据历史成本

基础编制。

历史成本一般以为交换货品及服务之代

价的公平价值为准。

公平价值为市场参与者之间于计量日期

在有序交易中出售资产所收取或转让负

债所支付的价格，而不论可否使用其他

估值技术直接可观察或估计该价格。

对于以公平价值交易且采用不可观察输

入数据计量后续期间公平价值的估值技

术的金融工具，将估值技术进行校准，

以使初始确认估值技术的结果相等于交

易价格。

3. MATERIAL ACOUNTING POLICY

INFORMATION

The material acounting policies aplied in the preparation

of the consolidated financial statements are set out below.

These policies have ben consistently aplied to al the years

presented, unles otherwise stated.

Statement of compliance

The consolidated financial statements have ben prepared in

acordance with al aplicable Hong Kong Financial Reporting

Standards (“HKFRS”), Hong Kong Acounting Standards

(“HKAS”), and HK (IFRIC) Interpretations, HK Interpretations

and HK (SIC) Interpretations (colectively refered to as

“Interpretations”), isued by the HKICPA and acounting

principles generaly acepted in Hong Kong. In adition, the

consolidated financial statements include aplicable disclosures

required by the Rules Governing the Listing of Securities on GEM

of the Stock Exchange (the “GEM Listing Rules”) and by the

Hong Kong Companies Ordinance.

Basis of preparation

The consolidated financial statements have ben prepared on

the historical cost basis except for certain financial instruments

that are measured at fair value at the end of the reporting period.

Historical cost is generaly based on the fair value of the

consideration given in exchange for gods and services.

Fair value is the price that would be received to sel an aset

or paid to transfer a liability in an orderly transaction betwen

market participants at the measurement date, regardles of

whether that price is directly observable or estimated using

another valuation technique.

For financial instruments which are transacted at fair value

and a valuation technique that unobservable inputs are to be

used to measure fair value in subsequent periods, the valuation

technique is calibrated so that at initial recognition the results of

the valuation technique equals the transaction price.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

104China Briliant Global Limited I Anual Report 2024/25

（续）

业务合并及综合基准

综合财务报表包括本公司以及本公司及

其附属公司所控制之实体之财务报表。

当本公司符合以下要素时，则取得控制

权：

• 因参与投资对象业务而承担浮动

回报之风险或享有权利；及

附属公司之综合入账于本集团取得有关

附属公司之控制权起开始，并于本集团

失去有关附属公司之控制权时终止。具

体而言，年内所收购或出售附属公司之

收入及开支乃自本集团取得控制权之日

期起计入综合损益及其他全面收益表，

直至本集团不再控制有关附属公司之日

期为止。

如有需要，将对附属公司的财务报表作

出调整，以使其会计政策与本集团会计

政策一致。

综合财务报表包括本集团的财务报表。

集团公司之间所进行的公司间交易及结

余连同未变现溢利于编制综合财务报表

时悉数抵销。未变现亏损亦予抵销，除

非交易提供证据显示所转让资产出现减

值，则亏损于损益内确认。

于期内╱年内所收购或出售附属公司之

业绩自收购日期起或直至出售日期（如

适用）计入综合全面收益表。如有需要，

将对附属公司之财务报表作出调整以令

其会计政策符合本集团其他成员公司所

使用者。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Busines combination and basis of consolidation

The consolidated financial statements incorporate the financial

statements of the Company and entities controled by the

Company and its subsidiaries. Control is achieved when the

Company:

;

, or has rights, to variable returns from its

involvement with the investe; and

• has the ability to use its power to afect its returns.

Consolidation of a subsidiary begins when the Group obtains

control over the subsidiary and ceases when the Group loses

control of the subsidiary. Specificaly, income and expenses

of a subsidiary acquired or disposed of during the year are

included in the consolidated statement of profit or los and other

comprehensive income from the date the Group gains control

until the date when the Group ceases to control the subsidiary.

When necesary, adjustments are made to the financial

statements of subsidiaries to bring their acounting policies in

line with the Group’s acounting policies.

The consolidated financial statements comprise the financial

statements of the Group. Inter-company transactions and

balances betwen group companies together with unrealised

profits are eliminated in ful in preparing the consolidated financial

statements. Unrealised loses are also eliminated unles the

transaction provides evidence of impairment on the aset

transfered, in which case the los is recognised in profit or los.

The results of the subsidiaries acquired or disposed of during

the period/year are included in the consolidated statement of

comprehensive income from the dates of acquisition or up to the

dates of disposal, as apropriate. Where necesary, adjustments

are made to the financial statements of the subsidiaries to

bring their acounting policies in line with those used by other

members of the Group.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司105

（续）

业务合并及综合基准（续）

当所收购的一组活动及资产符合业务的

定义且控制权转移至本集团时，本集团

就业务合并使用收购法入账。于厘定一

组特定活动及资产是否为一项业务时，

本集团会评估所收购的该组资产及活动

是否至少包括投入及实质性过程，以及

所收购组别是否有能力生产输出。

收购成本按所转让资产、所产生的负债

及本集团（作为收购方）所发行的股本权

益于收购日期的公平价值总和计量。所

收购的可识别资产及所承担负债主要按

收购日期的公平价值计量。本集团先前

于被收购方中所持股权按收购日期的公

平价值重新计量，产生的收益或亏损则

于损益内确认。本集团可选择以逐笔交

易的基准按公平价值或被收购方可识别

的资产净值的比例份额计量代表目前于

附属公司拥有权益的非控股权益。所

有其他非控股权益乃以公平价值计量，

惟香港财务报告准则规定的其他计量基

准除外。收购产生的成本以开支列账，

惟发行权益工具所产生的成本从权益扣

除。

收购方将转让的任何或然代价按于收

购日期的公平价值确认。随后的代价调

整，于调整源自于计量期（最长为收购

日期起计12个月）内所取得有关于收购

日期之公平价值之新资料时，方于商誉

确认。或然代价的所有随后调整均分类

为资产或负债并于损益内确认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Busines combination and basis of consolidation

(Continued)

The Group acounts for busines combinations using the

acquisition method when the acquired set of activities and asets

mets the definition of a busines, and control is transfered to

the Group. In determining whether a particular set of activities

and asets is a busines, the Group aseses whether the set

of asets and activities acquired includes, at a minimum, input

and substantive proceses and whether the acquired set has the

ability to produce outputs.

The cost of an acquisition is measured at the agregate of the

acquisition-date fair value of asets transfered, liabilities incured

and equity interests isued by the Group, as the acquirer.

The identifiable asets acquired and liabilities asumed are

principaly measured at acquisition-date fair value. The Group’s

previously held equity interest in the acquire is re-measured

at acquisition-date fair value and the resulting gains or loses

are recognised in profit or los. The Group may elect, on a

transaction-by-transaction basis, to measure the non-controling

interests that represent present ownership interests in the

subsidiary either at fair value or at the proportionate share of

the acquire’s identifiable net asets. Al other non-controling

interests are measured at fair value unles another measurement

basis is required by HKFRSs. Acquisition-related costs incured

are expensed unles they are incured in isuing equity

instruments in which case the costs are deducted from equity.

Any contingent consideration to be transfered by the acquirer

is recognised at acquisition-date fair value. Subsequent

adjustments to consideration are recognised against godwil

only to the extent that they arise from new information obtained

within the measurement period (a maximum of 12 months from

the acquisition date) about the fair value at the acquisition date.

Al other subsequent adjustments to contingent consideration

clasified as an aset or a liability are recognised in profit or los.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

106China Briliant Global Limited I Anual Report 2024/25

（续）

共同控制下的业务合并的合并会计

法

于二零二三年十月五日（「完成日期」），本

集团完成收购深圳市朗华物业服务有限

公司（「深圳市朗华物业服务」）的全部股

权，该公司从事由深圳市鹏远智能科技

有限公司（「深圳市鹏远」）（由张先生最终

控制的公司）提供的深圳物业管理及增

值服务（包括但不限于为所管理的物业

提供智慧管理系统、硬件及收费平台软

件、装修工程监理及工程验收）（「物业管

理服务业务」）（「收购事项」）。

于完成日期，本集团完成向张先生出售

智朗控股有限公司（「智朗控股」）3,794

股普通股（「出售事项」）。智朗控股是一

间投资控股公司，透过其营运附属公司

（统称「智朗集团」）主要在哈萨克斯坦共

和国（「哈萨克斯坦」）从事金融科技业务

（「金融科技业务」）。出售事项完成后，

本集团失去对金融科技业务的控制权。

因此，本集团自二零二三年十月五日起

不再从事金融科技业务。

出售事项之代价乃以抵销(i)物业及管理

服务业务之资产净值；及(i)向张先生发

行未偿还本金额10,000,000美元（相当于

78,000,000港元）的无抵押承付票据及本

公司应付的相关利息结清。

于二零二三年七月三十日，深圳市朗华

物业服务董事会宣布以抵销深圳市鹏远

应收款项约人民币11,000,000元（相当于

约11,883,000港元）的方式向深圳市鹏远

支付股息。

* 仅供识别

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Merger acounting for busines combination under

comon control

On 5 October 2023 (the “Completion Date”), the Group

completed to acquire the entire equity interest in Shenzhen

China Briliant Property Services Company Limited* (深圳市朗华

物业服务有限公司) (“Shenzhen CBPS”), which engaged in the

property management and value-aded services (including but

not limited to the provision of inteligent management systems,

hardware and charging platform software for the managed

property, supervision of renovation projects and inspection of

such projects) (“Property Management Service Busines”) from

Shenzhen Pengyuan Smart Technology Company Limited* (深圳

市鹏远智能科技有限公司) (“Shenzhen Pengyuan”), a company

ultimately controled by Mr. Zhang (the “Acquisition”).

On the Completion Date, the Group completed to dispose of

the 3,794 ordinary shares in Brilink Holdings Limited (“Brilink

Holdings”) to Mr. Zhang (the “Disposal”). Brilink Holdings is

an investment holding company and through its operating

subsidiaries (colectively refered to as “Brilink Group”), is

principaly engaged in the fintech busines (the “Fintech

Busines”) in Republic of Kazakhstan (“Kazakhstan”). Upon

the completion of the Disposal, the Group has lost of control in

the Fintech Busines. Acordingly, the Group did not cary on

Fintech Busines since 5 October 2023.

The consideration of the Disposal was setled by way of set-of

against (i) the net asets of the Property Management Service

Busines; and (i) the unsecured promisory note isued to Mr.

Zhang with the outstanding principal amounts of US$10,000,000

(equivalent to HK$78,000,000) and relevant interest payables due

by the Company.

On 30 July 2023, the Board of the Shenzhen CBPS has declared

the payment of dividends to the Shenzhen Pengyuan by the

way of ofseting with amount due from Shenzhen Pengyuan of

RMB11,000,000 (equivalent to aproximately HK$11,883,000).

* for identification purpose only

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司107

（续）

共同控制下的业务合并的合并会计法

（续）

由于本集团及深圳市朗华物业服务均由

张先生最终控制，故收购事项被视为共

同控制下的业务合并。本次收购乃根据

香港会计师公会颁布的香港会计指引第

5号共同控制合并之合并会计法（「会计

指引第5号」）采用合并会计进行会计处

理。本集团及深圳市朗华物业服务被视

为持续实体。

根据合并会计法，基于会计指引第5号

所载指引，财务资料包括发生共同控制

合并的合并实体或业务的财务报表项

目，犹如相关项目自合并实体或业务首

次受控制方控制之日起经已合并。

合并实体或业务的净资产按控制方的现

有账面值进行合并。以控制方权益持续

为限，并无就商誉或收购方于被收购方

之可识别资产、负债及或然负债之公平

价值净额之权益超逾共同控制合并时

成本之差额确认任何金额。财务报表的

其他储备已作出调整，以就相关投资成

本撇销合并实体或业务的股份╱注册资

本。

过往年度的综合损益及其他全面收益

表、综合权益变动表及综合现金流动表

经已重列，以纳入深圳市朗华物业服务

的业绩，犹如该收购自各业务首次受本

公司共同控制之日起经已完成。于二零

二三年四月一日的综合财务状况表经已

重列，以调整深圳市朗华物业服务于二

零二三年四月一日已存在的资产及负债

之账面值，犹如该等实体或业务自首次

受本公司共同控制之日起经已合并（有关

财务影响见下文）。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Merger acounting for busines combination under

comon control (Continued)

The Acquisition was considered as a busines combination

under comon control as the Group and the Shenzhen CBPS

are both ultimately controled by Mr. Zhang. The Acquisition was

acounted for using merger acounting in acordance with Hong

Kong Acounting Guideline 5 Merger Acounting for Comon

Control Combinations (“AG 5”) isued by the HKICPA. The Group

and the Shenzhen CBPS are regarded as continuing entities.

Under merger acounting, based on the guidance set out

in AG 5, the financial information incorporate the financial

statement items of the combining entities or busineses in

which the comon control combination ocurs as if they had

ben combined from the date when the combining entities or

busineses first came under the control of the controling party.

The net asets of the combining entities or busineses are

consolidated using the existing bok values from the controling

party’s perspective. No amount is recognised in respect of

godwil or exces of acquirer’s interest in the net fair value of

acquire’s identifiable asets, liabilities and contingent liabilities

over cost at the time of comon control combination, to the

extent of the continuation of the controling party’s interest.

The adjustments to eliminate share/registered capital of the

combining entities or busineses against the related investment

costs have ben made to other reserve in the consolidated

financial statements.

The consolidated statement of profit or los and other

comprehensive income, the consolidated statement of changes

in equity and the consolidated statement of cash flows for the

prior years have ben restated to include the results of the

Shenzhen CBPS as if the Acquisition had ben completed since

the date the respective busines first came under the comon

control of the Company. The consolidated statement of financial

position as at 1 April 2023 have ben restated to adjust the

carying amounts of the asets and liabilities of Shenzhen CBPS

which had ben in existence as at 1 April 2023 as if those

entities or busineses were combined from the date when they

first came under the comon control of the Company (se below

for the financial impacts).

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

108China Briliant Global Limited I Anual Report 2024/25

（续）

本集团于现有附属公司之权益变动

倘本集团失去对附属公司之控制权，则

该附属公司之资产及负债以及非控股权

益终止确认。收益或亏损于损益中确

认，并按下列两者之差额计算：(i)已收代

价之公平价值与任何保留权益之公平价

值之总额及(i)本公司拥有人应占附属公

司之资产（包括商誉）及负债之账面值。

先前于其他全面收入确认有关该附属公

司之所有金额按假设本集团直接出售该

附属公司之相关资产或负债入账（即如

适用香港财务报告准则所指定╱允许重

新分类至损益或转移至另一权益类别）。

前附属公司保留的任何投资在失去控制

权之日的公平价值被视为初始确认时的

公平价值，以便根据香港财务报告准则

第9号金融工具进行后续会计处理。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Changes in the Group’s interests in existing

subsidiaries

When the Group loses control of a subsidiaries, the asets and

liabilities of that subsidiaries and non-controling interests are

derecognised. A gain or los is recognised in profit or los and

is calculated as the diference betwen (i) the agregate of the

fair value of the consideration received and the fair value of

any retained interest and (i) the carying amount of the asets

(including godwil), and liabilities of the subsidiary atributable to

the owners of the Company. Al amounts previously recognised

in other comprehensive income in relation to that subsidiary

are acount as for as if the Group had directly disposed of the

related asets or liabilities of the subsidiary (i.e. reclasified to

profit or los or transfered to another category of equity as

specified/permited by aplicable HKFRSs). The fair value of any

investment retained in the former subsidiary at the date when

control is lost is regarded as the fair value on initial recognition for

subsequent acounting under HKFRS 9 Financial Instruments.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司109

（续）

商誉

收购业务产生之商誉按于收购业务当日

确定的成本减任何累计减值亏损（如有）

列账。

就减值测试而言，商誉会分配至预期将

自合并协同效益获益之本集团各现金产

生单位（「现金产生单位」）或一组现金产

生单位，其为就内部管理用途监察商誉

的不大于经营分部之最低级别。

获分配商誉之现金产生单位（或一组现

金产生单位）将每年进行减值测试或于

有迹象显示单位可能出现减值时更频密

地进行减值测试。就于报告期内收购产

生之商誉而言，所获分配商誉之现金产

生单位（或一组现金产生单位）于报告期

结束前进行减值测试。倘可收回金额少

于其账面值，则首先分配减值亏损，以

调低分配至该单位之任何商誉账面值，

然后根据单位内各资产之账面值按比例

分配至单位（或一组现金产生单位）之其

他资产。

于出售相关现金产生单位或现金产生单

位组别中任何现金产生单位时，厘定出

售损益之金额时计入商誉之应占金额。

当本集团出售于现金产生单位（或现金

产生单位组别中的现金产生单位）内之

业务时，所出售之商誉金额按所出售业

务（或现金产生单位）与所保留现金产生

单位（或现金产生单位组别）部分之相对

价值计量。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Godwil

Godwil arising on an acquisition of a busines is caried at cost

as established at the date of acquisition of the busines les

acumulated impairment loses, if any.

For the purposes of impairment testing, godwil is alocated

to each of the Group’s cash-generating units (the “CGUs”) (or

groups of CGUs) that is expected to benefit from the synergies

of the combination, which represent the lowest level at which the

godwil is monitored for internal management purposes and not

larger than an operating segment.

A CGU (or group of CGUs) to which godwil has ben alocated

is tested for impairment anualy or more frequently when

there is indication that the unit may be impaired. For godwil

arising on an acquisition in a reporting period, the CGU (or

group of CGUs) to which godwil has ben alocated is tested

for impairment before the end of that reporting period. If the

recoverable amount is les than its carying amount, the

impairment los is alocated first to reduce the carying amount

of any godwil and then to the other asets on a pro-rata basis

based on the carying amount of each aset in the unit (or group

of CGUs).

On disposal of the relevant CGU or any of the CGU within the

group of CGUs, the atributable amount of godwil is included

in the determination of the amount of profit or los on disposal.

When the Group disposes of an operation within the CGU (or a

CGU within a group of CGUs), the amount of godwil disposed

of is measured on the basis of the relative values of the operation

(or the CGU) disposed of and the portion of the CGU (or the

group of CGUs) retained.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

110China Briliant Global Limited I Anual Report 2024/25

（续）

于联营公司之权益

联营公司指本集团对其行使重大影响力

之实体。重大影响力乃指可参与投资对

象之财务及营运决策之权力，惟对该等

政策并无控制权或共同控制权。

联营公司之业绩与资产及负债，乃按权

益会计法列入综合财务报表。联营公司

用于权益会计用途之财务报表乃按与本

集团于同类情况下就同类交易及事件所

遵循者一致之会计政策编制。根据权益

法，于联营公司之投资初步在综合财务

状况表按成本确认，并于其后就确认本

集团应占该联营公司之损益及其他全面

收益而作出调整。当本集团应占一间联

营公司之亏损超出本集团占该联营公司

之权益时（包括任何实际上构成本集团

于联营公司投资净值其中部分之长远权

益），本集团会终止确认其应占之进一

步亏损。当本集团产生法定或推定责任

或代表该联营公司付款时，方会确认额

外亏损。

于联营公司之投资使用权益法自投资对

象成为联营公司日期起入账。在收购于

联营公司之投资时，投资成本超出本集

团分占有关投资对象可识别资产及负债

公平净值之差额，确认为商誉。有关商

誉计入该投资之账面值。本集团应占可

识别资产及负债之公平净值超出投资成

本之任何差额，于重新评估后即时于收

购投资期间的损益确认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Interests in an asociate

An asociate is an entity over which the Group has significant

influence. Significant influence is the power to participate in the

financial and operating policy decisions of the investe but is not

control or joint control over those policies.

The results and asets and liabilities of an asociate are

incorporated in these consolidated financial statements using

the equity method of acounting. The financial statements of

an asociate used for equity acounting purposes are prepared

using uniform acounting policies as those of the Group for

like transactions and events in similar circumstances. Under

the equity method, an investment in an asociate is initialy

recognised in the consolidated statement of financial position

at cost and adjusted thereafter to recognise the Group’s share

of the profit or los and other comprehensive income of the

asociate. When the Group’s share of loses of an asociate

exceds the Group’s interest in that asociate (which includes

any long-term interests that, in substance, form part of the

Group’s net investment in the asociate), the Group discontinues

recognising its share of further loses. Aditional loses are

recognised only to the extent that the Group has incured legal

or constructive obligations or made payments on behalf of the

asociate.

An investment in an asociate is acounted for using the equity

method from the date on which the investe becomes an

asociate. On acquisition of the investment in an asociate, any

exces of the cost of the investment over the Group’s share of

the net fair value of the identifiable asets and liabilities of the

investe is recognised as godwil, which is included within

the carying amount of the investment. Any exces of the

Group’s share of the net fair value of the identifiable asets and

liabilities over the cost of the investment, after reasesment, is

recognised imediately in profit or los in the period in which the

investment is acquired.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司111

（续）

于联营公司之权益（续）

本集团评估联营公司权益可能减值的客

观凭证是否存在。若客观凭证存在，该

项投资之全部账面值（包括商誉）会根据

香港会计准则第36号作为单一项资产进

行减值测试，方法是比较其可收回金额

（即使用价值与公平价值减出售成本之

较高者）与其账面值。任何已确认减值

亏损均不会分配至任何构成该项投资账

面值的一部分之资产（包括商誉）。根据

香港会计准则第36号，有关该项减值亏

损之任何拨回乃于该项投资的可收回金

额其后增加的情况下确认。

当本集团不再对联营公司有重大影响力

时，作为出售被投资单位的全部权益进

行会计处理，由此产生的收益或亏损于

损益中确认。

当集团实体与本集团之联营公司进行交

易时，则与联营公司交易所产生之损益

仅于联营公司之权益与本集团无关时，

方于本集团之综合财务报表确认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Interests in an asociate (Continued)

The Group aseses whether there is an objective evidence that

the interest in an asociate may be impaired. When any objective

evidence exists, the entire carying amount of the investment

(including godwil) is tested for impairment in acordance with

HKAS 36 as a single aset by comparing its recoverable amount

(higher of value in use and fair value les costs of disposal)

with its carying amount. Any impairment los recognised is

not alocated to any aset, including godwil, that forms part

of the carying amount of the investment. Any reversal of that

impairment los is recognised in acordance with HKAS 36

to the extent that the recoverable amount of the investment

subsequently increases.

When the Group ceases to have significant influence over an

asociate, it is acounted for as a disposal of the entire interest

in the investe with a resulting gain or los being recognised in

profit or los.

When a group entity transacts with an asociate of the Group,

profits and loses resulting from the transactions with the

asociate are recognised in the Group’s consolidated financial

statements only to the extent of interests in the asociate that are

not related to the Group.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

112China Briliant Global Limited I Anual Report 2024/25

（续）

物业、厂房及设备

物业、厂房及设备乃按成本减随后累计

折旧及随后累计减值亏损（如有）于综合

财务状况表列账。

折旧按各项物业、厂房及设备之估计可

使用年期以直线法计算，以撇销成本

至其剩余价值。就此采用之主要年率如

下：

租赁物业装修30%或按租期

（以较短者为准）

办公室设备30%

电脑设备30%至50%

家私及装置20%

车辆20%

估计可使用年期、剩余价值及折旧方法

于各报告期末检讨，任何估计变动的影

响按前瞻基准入账。

物业、厂房及设备项目于出售时或于预

期该资产之持续使用不会产生未来经济

利益时撤销确认。出售或报废物业、厂

房及设备项目产生之任何收益或亏损，

厘定为有关资产出售所得款项与其账面

值之差额且于损益中确认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Property, plant and equipment

Property, plant and equipment are stated in the consolidated

statement of financial position at cost les subsequent

acumulated depreciation and subsequent acumulated

impairment loses, if any.

Depreciation is calculated on the straight-line basis to write of

the cost of each item of property, plant and equipment to its

residual value over its estimated useful life. The principal anual

rates used for this purpose are as folows:

Leasehold improvements30% or over the lease terms,

whichever is shorter

Ofice equipment30%

Computer equipment30% to 50%

Furniture and fixtures20%

Motor vehicle20%

The estimated useful lives, residual values and depreciation

method are reviewed at the end of each reporting period,

with the efect of any changes in estimate acounted for on a

prospective basis.

An item of property, plant and equipment is derecognised upon

disposal or when no future economic benefits are expected

to arise from the continued use of the aset. Any gain or los

arising on the disposal or retirement of an item of property,

plant and equipment is determined as the diference betwen

the sales proceds and the carying amount of the aset and is

recognised in profit or los.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司113

（续）

无形资产

单独收购的无形资产

单独收购的可使用年期有限的无形资

产按成本减累计摊销及任何累计减值

亏损列账。可使用年期有限的无形资

产摊销于其估计可使用年期内按直线

法确认。估计可使用年期及摊销方法

于各报告期末审阅，任何估计变动的

影响按前瞻基准入账。

除商誉外之物业、厂房、设备、使用

权资产及无形资产之减值

于各报告期末，本集团对其物业、厂房

及设备、可使用年期有限的使用权资产

及无形资产之账面值进行审阅，以厘定

是否有任何迹象显示该等资产出现减值

亏损。倘存在任何该等迹象，将估计相

关资产之可收回金额，以厘定减值亏损

（如有）之程度。

物业、厂房及设备、使用权资产及无形

资产的可收回金额单独估计。倘不可能

单一估计资产的可收回金额，则本集团

会估计该资产所属现金产生单位之可收

回金额。

于测试现金产生单位的减值时，倘可设

立合理和一贯分配基准，则企业资产被

分配至相关现金产生单位，或被分配至

可设立合理和一贯分配基准的最小现金

产生单位组别。可收回金额按公司资产

所属现金产生单位或现金产生单位组别

厘定，并与相关现金产生单位或现金产

生单位组别的账面值相比较。

可收回金额为公平价值减去销售成本及

使用价值两者中的较高者。于评估使用

价值时，估计未来现金流量以税前贴现

率贴现至其现值，该贴现率反映市场现

时所评估的金钱时间值及并未就其调整

估计未来现金流量的资产（或现金产生

单位）特定风险。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Intangible asets

Intangible asets acquired separately

Intangible asets with finite useful lives that are acquired

separately are caried at costs les acumulated amortisation

and any acumulated impairment loses. Amortisation for

intangible asets with finite useful lives is recognised on a

straight-line basis over their estimated useful lives. The estimated

useful life and amortisation method are reviewed at the end of

each reporting period, with the efect of any changes in estimate

being acounted for on a prospective basis.

Impairment on property, plant and equipment, right-of-

use asets and intangible asets other than godwil

At the end of the reporting period, the Group reviews the

carying amounts of its property, plant and equipment, right-

of-use asets and intangible asets with finite useful lives to

determine whether there is any indication that these asets have

sufered an impairment los. If any such indication exists, the

recoverable amount of the relevant aset is estimated in order to

determine the extent of the impairment los (if any).

The recoverable amount of property, plant and equipment, right-

of-use and intangible asets are estimated individualy. When it is

not posible to estimate the recoverable amount individualy, the

Group estimates the recoverable amount of the CGU to which

the aset belongs.

In testing a CGU for impairment, corporate asets are alocated

to the relevant CGU when a reasonable and consistent basis of

alocation can be established, or otherwise they are alocated

to the smalest group of CGUs for which a reasonable and

consistent alocation basis can be established. The recoverable

amount is determined for the CGU or group of CGUs to which

the corporate aset belongs, and is compared with the carying

amount of the relevant CGU or group of CGUs.

Recoverable amount is the higher of fair value les costs

of disposal and value in use. In asesing value in use, the

estimated future cash flows are discounted to their present

value using a pre-tax discount rate that reflects curent market

asesments of the time value of money and the risks specific to

the aset (or a CGU) for which the estimates of future cash flows

have not ben adjusted.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

114China Briliant Global Limited I Anual Report 2024/25

（续）

除商誉外之物业、厂房、设备、使用

权资产及无形资产之减值（续）

倘资产（或现金产生单位）的估计可收回

金额低于其账面值，则资产（或现金产

生单位）的账面值将被调低至其可收回

金额。

存货

存货乃按成本与可变现净值两者中之较

低者列账。按加权平均法计算成本。可

变现净值指存货估计售价扣除完成所有

估计成本及进行销售所须之成本。进行

销售所需的成本包括销售直接应占的增

量成本及本集团进行销售必须产生的非

增量成本。

金融工具

金融资产及金融负债乃于集团实体成为

工具合约条文订约方时进行确认。

实际利率法指一种在有关期间内用于计

算金融资产或金融负债之摊销成本及分

配利息收入及利息开支之方法。实际利

率指一种在金融资产或金融负债之预期

寿命或（如适用）更短期间内能够精确折

现估计在日后收取之现金及付款（包括

构成实际利率部分之一切已付或已收费

用及基点、交易成本及其他溢价或折让）

至初步确认时账面净值之利率。

本集团日常业务过程中产生的利息呈

列为收益。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Impairment on property, plant and equipment, right-of-

use asets and intangible asets other than godwil

(Continued)

If the recoverable amount of an aset (or a CGU) is estimated

to be les than its carying amount, the carying amount of the

aset (or a CGU) is reduced to its recoverable amount.

Inventories

Inventories are stated at the lower of cost and net realisable

value. Cost is determined on weighted average method. Net

realisable value represents the estimated seling price for

inventories les al estimated costs of completion and costs

necesary to make the sale. Cost necesary to make the sale

include incremental cost directly atribute to the sale and non-

incremental costs which the Group must incur to make the sales.

Financial instruments

Financial asets and financial liabilities are recognised when a

group entity becomes a party to the contractual provisions of the

instrument.

The efective interest method is a method of calculating the

amortised cost of a financial aset or financial liability and

of alocating interest income and interest expense over the

relevant period. The efective interest rate is the rate that

exactly discounts estimated future cash receipts and payments

(including al fes and points paid or received that form an

integral part of the efective interest rate, transaction costs

and other premiums or discounts) through the expected life of

the financial aset or financial liability, or, where apropriate, a

shorter period, to the net carying amount on initial recognition.

Interest which are derived from the Group’s ordinary course of

busines are presented as revenue.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司115

（续）

金融工具（续）

金融资产

金融资产的分类及其后计量

符合下列条件的金融资产其后按摊销成

本计量：

• 目的为收取合约现金流量的业务

模式内持有的金融资产；及

• 合约条款为于指定日期产生现金

流量仅为支付本金及尚未偿还本

金额利息的金融资产。

在下列情况下，金融资产为持作买卖：

‧ 购入的主要目的为于短期内出售；

或

‧ 该金融资产于初步确认时构成本

集团一并管理且具有近期实际短

期获利模式的已识别金融工具组

合的一部分；或

‧ 金融资产为未被指定及有效作为

对冲工具的衍生工具。

此外，倘如此可消除或大幅减少会计错

配，则本集团可不可撤销地指定符合按

摊销成本或按公平价值计入其他全面收

益（「按公平价值计入其他全面收益」）计

量之金融资产按公平价值计入损益（「按

公平价值计入损益」）计量。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial asets

Clasification and subsequent measurement of financial asets

Financial asets that met the folowing conditions are

subsequently measured at amortised cost:

• the financial aset is held within a busines model whose

objective is to colect contractual cash flows; and

• the contractual terms give rise on specified dates to cash

flows that are solely payments of principal and interest on

the principal amount outstanding.

A financial aset is held for trading if:

• it has ben acquired principaly for the purpose of seling in

the near term; or

• on initial recognition it is a part of a portfolio of identified

financial instruments that the Group manages together and

has a recent actual patern of short-term profit-taking; or

• it is a derivative that is not designated and efective as a

hedging instrument.

In adition, the Group may irevocably designate a financial

aset that are required to be measured at the amortised cost or

fair value through other comprehensive income (“FVTOCI”) as

measured at fair value through profit or los (“FVTPL”) if doing so

eliminates or significantly reduces an acounting mismatch.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

116China Briliant Global Limited I Anual Report 2024/25

（续）

金融工具（续）

金融资产（续）

金融资产的分类及其后计量（续）

(i) 摊销成本及利息收入

就其后按摊销成本计量之金融资

产而言，利息收入乃使用实际利

息法予以确认。利息收入乃根据

对一项金融资产账面总值应用实

际利率予以计算，惟其后出现信贷

减值之金融资产除外。就其后出

现信贷减值之金融资产而言，自下

一报告期起，利息收入乃根据对

金融资产摊销成本应用实际利率

予以确认。倘信贷减值金融工具

之信贷风险有所改善，使金融资产

不再出现信贷减值，于厘定资产

不再出现信贷减值后，自报告期初

起利息收入乃根据对金融资产账

面总值应用实际利率予以确认。

(i) 按公平价值计入损益之金融资产

凡不符合按摊销成本或按公平价

值计入其他全面收益或指定按公

平价值计入其他全面收益计量准

则的金融资产，均按公平价值计

入损益计量。

按公平价值计入损益之金融资产

于各个报告期末按公平价值计量，

任何公平价值收益或亏损于损益

中确认。在损益中确认的收益或

亏损净额不包括从有关金融资产

所赚取的任何股息或利息，并计入

「其他收益及亏损净额」项目。

金融资产减值

本集团就金融资产，包括应收贷款、贸

易应收账款、订金及其他应收款项（不

包括应收税款）、应收前联营公司╱一间

联营公司款项、应收关联公司款项以及

银行结余根据预期信贷亏损（「预期信贷

亏损」）模式进行减值评估。预期信贷亏

损金额于各报告期末更新，以反映信贷

风险自初始确认以来之变动。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial asets (Continued)

Clasification and subsequent measurement of financial asets

(Continued)

(i) Amortised cost and interest income

Interest income is recognised using the efective interest

method for financial asets measured subsequently at

amortised cost. Interest income is calculated by aplying

the efective interest rate to the gros carying amount

of a financial aset, except for financial asets that have

subsequently become credit-impaired. For financial asets

that have subsequently become credit-impaired, interest

income is recognised by aplying the efective interest rate

to the amortised cost of the financial aset from the next

reporting period. If the credit risk on the credit-impaired

financial instrument improves so that the financial aset is

no longer credit-impaired, interest income is recognised

by aplying the efective interest rate to the gros carying

amount of the financial aset from the begining of the

reporting period folowing the determination that the aset

is no longer credit impaired.

(i) Financial asets at FVTPL

Financial asets that do not met the criteria for being

measured at amortised cost or FVTOCI or designated as

FVTOCI are measured at FVTPL.

Financial asets at FVTPL are measured at fair value at

the end of each reporting period, with any fair value gains

or loses recognised in profit or los. The net gain or

los recognised in profit or los excludes any dividend or

interest earned on the financial aset and is included in the

“other gains and loses, net” line item.

Impairment of financial asets

The Group performs impairment asesment under expected

credit los (“ECL”) model on financial asets (including loan

receivables, trade receivables, deposits and other receivables

(excluded other tax receivables), amount due from former

asociate/an asociate, amounts due from related companies

and bank balances). The amount of ECL is updated at the end of

each reporting period to reflect changes in credit risk since initial

recognition.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司117

（续）

金融工具（续）

金融资产（续）

金融资产减值（续）

全期预期信贷亏损指在有关工具预期使

用期限内发生所有可能违约事件而导致

的预期信贷亏损。相反，十二个月预期

信贷亏损（「十二个月预期信贷亏损」）则

指预期可能于报告日期后十二个月内发

生违约事件而导致的部分全期预期信贷

亏损。评估乃根据本集团过往信贷亏损

经验进行，并根据债务人特定因素、一

般经济状况及对报告期末的当前状况以

及未来状况预测的评估进行调整。

本集团一般就贸易应收账款（无重大融

资成分）确认全期预期信贷亏损。

就所有其他工具而言，本集团按相等于

十二个月预期信贷亏损的金额计量亏损

拨备，除非自初始确认后信贷风险大幅

增加，则本集团确认全期预期信贷亏

损。评估是否应确认全期预期信贷亏损

乃根据自初始确认以来所发生违约的可

能性或风险的大幅增加而定。

信贷风险大幅上升

评估信贷风险自初步确认以来有否大幅

上升时，本集团会比较于报告期末金融

工具发生违约的风险及于初步确认日期

金融工具发生违约的风险。于重新评估

时，本集团会考虑合理可靠的定量及定

性资料，包括过往经验及在毋需付出过

多成本或努力即可获得的前瞻性资料。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial asets (Continued)

Impairment of financial asets (Continued)

Lifetime ECL represents the ECL that wil result from al posible

default events over the expected life of the relevant instrument.

In contrast 12-month ECL (“12m ECL”) represents the portion of

lifetime ECL that is expected to result from default events that are

posible within 12 months after the end of the reporting period.

Asesment are done based on the Group’s historical credit los

experience, adjusted for factors that are specific to the debtors,

general economic conditions and an asesment of both the

curent conditions at the end of the reporting period as wel as

the forecast of future conditions.

The Group always recognise lifetime ECL for trade receivables

without significant financing component.

For al other instruments, the Group measures the los alowance

equal to 12m ECL, unles when there has ben a significant

increase in credit risk since initial recognition, the Group

recognises lifetime ECL. The asesment of whether lifetime ECL

should be recognised is based on significant increases in the

likelihod or risk of a default ocuring since initial recognition.

Significant increase in credit risk

In asesing whether the credit risk has increased significantly

since initial recognition, the Group compares the risk of a

default ocuring on the financial instrument as at the end of

the reporting period with the risk of a default ocuring on

the financial instrument as at the date of initial recognition. In

making this asesment, the Group considers both quantitative

and qualitative information that is reasonable and suportable,

including historical experience and forward-loking information

that is available without undue cost or efort.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

118China Briliant Global Limited I Anual Report 2024/25

（续）

金融工具（续）

金融资产（续）

金融资产减值（续）

信贷风险大幅上升（续）

尤其是，在评估信贷风险是否大幅上升

时，将考虑以下资料：

（如有）或内部信贷

评级的实际或预期显著恶化；

如信贷利差、债务人信用违约掉

期价格大幅增加；

、财务或经济状况出现或预

期出现不利变动，预期导致债务

人偿债能力大幅下降；

• 债务人经营业绩出现实际或预期

出现显著恶化；或

、经济或技术环境出

现实际或预期出现重大不利变动，

导致债务人偿债能力大幅下降。

不论上述评估的结果如何，本集团认

为，当合约付款逾期超过三十日，则自

初始确认以来信贷风险已显著增加，

除非本集团另有合理且可支持的资料证

明。

本集团定期监察用作识别信贷风险是否

大幅增加的标准的作用，并作出适用修

订，确保有关标准能够于有关金额到期

前发现信贷风险大幅增加。

违约的定义

本集团认为，当金融资产逾期超过90

日，则发生违约事件，除非本集团另有

合理且可支持的资料证明更加滞后的违

约标准更为恰当。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial asets (Continued)

Impairment of financial asets (Continued)

Significant increase in credit risk (Continued)

In particular, the folowing information is taken into acount when

asesing whether credit risk has increased significantly:

• an actual or expected significant deterioration in the

financial instrument’s external (if available) or internal credit

rating;

• significant deterioration in external market indicators of

credit risk, e.g. a significant increase in the credit spread,

the credit default swap prices for the debtor;

, financial

or economic conditions that are expected to cause a

significant decrease in the debtor’s ability to met its debt

obligations;

• an actual or expected significant deterioration in the

operating results of the debtor; or

• an actual or expected significant adverse change in the

regulatory, economic, or technological environment of the

debtor that results in a significant decrease in the debtor’s

ability to met its debt obligations.

Irespective of the outcome of the above asesment, the

Group presumes that the credit risk has increased significantly

since initial recognition when contractual payments are more

than 30 days past due, unles the Group has reasonable and

suportable information that demonstrates otherwise.

The Group regularly monitors the efectivenes of the criteria

used to identify whether there has ben a significant increase

in credit risk and revises them as apropriate to ensure that the

criteria are capable of identifying significant increase in credit risk

before the amount becomes past due.

Definition of default

The Group considers that default has ocured when a financial

aset is more than 90 days past due unles the Group has

reasonable and suportable information to demonstrate that a

more laging default criterion is more apropriate.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司119

（续）

金融工具（续）

金融资产（续）

金融资产减值（续）

信贷减值金融资产

当发生一项或多项对金融资产预计未来

现金流量有不利影响的事件时，金融资

产出现信贷减值。金融资产出现信贷减

值的证据包括以下可观察事件：

(a) 发行人或债务人出现严重财务困

难；

(b) 违反合约（如违约或逾期事件）；

相关之经济或合约理由而向借款

人提供优惠（在其他情况下不予考

虑）；或

(d) 借款人很有可能将告破产或进行

其他财务重组。

撇销政策

倘有资料显示交易对方陷入严重财务困

难且无实际收回可能，例如交易对方正

进行清盘或已进入破产程序，或就贸易

应收账款而言，有关金额已逾期超过三

年（以较早发生者为准），本集团会撇销

金融资产。在考虑适当法律意见后，已

撇销金融资产仍可根据本集团的收回程

序实施强制执行。撇销构成终止确认事

项。任何其后进行的收回均于损益确

认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial asets (Continued)

Impairment of financial asets (Continued)

Credit-impaired financial asets

A financial aset is credit-impaired when one or more events of

default that have a detrimental impact on the estimated future

cash flows of that financial aset have ocured. Evidence that a

financial aset is credit-impaired includes observable data about

the folowing events:

(a) significant financial dificulty of the isuer or the borower;

(b) a breach of contract, such as a default or past due event;

reasons relating to the borower’s financial dificulty, having

granted to the borower a concesion(s) that the lender(s)

would not otherwise consider; or

(d) it is becoming probable that the borower wil enter

bankruptcy or other financial reorganisation.

Write-of policy

The Group writes of a financial aset when there is information

indicating that the counterparty is in severe financial dificulty and

there is no realistic prospect of recovery, for example, when the

counterparty has ben placed under liquidation or has entered

into bankruptcy procedings, or in the case of trade receivables,

when the amounts are over thre years past due, whichever

ocurs soner. Financial asets writen of may stil be subject to

enforcement activities under the Group’s recovery procedures,

taking into acount legal advice where apropriate. A write-of

constitutes a derecognition event. Any subsequent recoveries

are recognised in profit or los.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

120China Briliant Global Limited I Anual Report 2024/25

（续）

金融工具（续）

金融资产（续）

金融资产减值（续）

预期信贷亏损的计量及确认

预期信贷亏损的计量乃指违约概率、违

约亏损率（即倘违约引致亏损的程度）及

违约风险的函数。评估违约概率及违约

亏损率根据过往数据作出，并根据前瞻

性资料调整。预期信贷亏损的估计反映

无偏颇及概率加权的数额，其乃根据加

权的相应违约风险厘定。本集团采用实

际权宜方法，利用拨备矩阵估计贸易应

收账款的预期信贷亏损，其中考虑到历

史信贷亏损经验，并就无需付出不必要

的成本或努力即可获得的前瞻性资料作

出调整。

一般而言，预期信贷亏损乃估计为本集

团根据合约应收所有合约现金流量与本

集团预期将收回的所有现金流量之间的

差额，并按初始确认时厘定的实际利率

贴现。

经计及过往逾期资料及相关信贷资料（如

前瞻性宏观经济资料），若干贸易应收

账款的全期预期信贷亏损乃按集体基准

予以考虑。

本集团为集体评估制定组别时，将考虑

以下特点：

、规模及行业；及

（如有）。

归类工作经管理层定期检讨，以确保各

组别组成部分继续存在类似信贷风险特

性。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial asets (Continued)

Impairment of financial asets (Continued)

Measurement and recognition of ECL

The measurement of ECL is a function of the probability of

default, los given default (i.e. the magnitude of the los if there

is a default) and the exposure at default. The asesment of the

probability of default and los given default is based on historical

data adjusted by forward-loking information. Estimation of ECL

reflects an unbiased and probability-weighted amount that is

determined with the respective risks of default ocuring as the

weights. The Group uses a practical expedient in estimating

ECL on trade receivables using a provision matrix taking into

consideration historical credit los experience, adjusted for

forward loking information that is available without undue cost

or efort.

Generaly, the ECL is estimated the diference betwen al

contractual cash flows that are due to the Group in acordance

with the contract and the cash flows that the Group expects to

receive, discounted at the efective interest rate determined at

initial recognition.

Lifetime ECL for certain trade receivables are considered on a

colective basis taking into consideration past due information

and relevant credit information such as forward loking

macroeconomic information.

For colective asesment, the Group takes into consideration

the folowing characteristics when formulating the grouping:

;

, size and industry of debtors; and

• External credit ratings where available.

The grouping is regularly reviewed by management to ensure the

constituents of each group continue to share similar credit risk

characteristics.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司121

（续）

金融工具（续）

金融资产（续）

金融资产减值（续）

预期信贷亏损的计量及确认（续）

利息收入按金融资产的账面总值计算，

倘金融资产出现信贷减值，则利息收入

按金融资产的摊销成本计算。

本集团透过调整账面值于损益确认所有

金融工具的减值盈亏，惟应收贷款、贸

易应收账款及应收联营公司款项除外，

其相关调整乃透过亏损拨备账予以确

认。

外汇收益及亏损

外币金融资产的账面价值以报告期末的

即期汇率折算为外币金额。特别是对于

不属于指定套期关系的以摊销成本计量

的金融资产，汇兑差额在损益中的「其

他收益及亏损净额」条目中确认为汇兑

亏损净额的一部分。

终止确认及修改金融资产

本集团仅在自资产收取现金流量的合约

权利届满或于其转让金融资产而资产拥

有权的绝大部分风险及回报转让予另一

实体时终止确认该金融资产。倘本集团

并无转让或保留拥有权的绝大部分风险

及回报，并继续控制已转让资产，则本

集团会确认其于资产的保留权益及其须

支付之相关负债金额。倘本集团保留已

转让金融资产拥有权的绝大部分风险及

回报，本集团会继续确认该金融资产，

亦会确认已收所得款项的有抵押借款。

于终止确认按摊销成本计量之金融资产

时，有关资产之账面值与已收及应收代

价总和之差额，会于损益中确认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial asets (Continued)

Impairment of financial asets (Continued)

Measurement and recognition of ECL (Continued)

Interest income is calculated based on the gros carying

amount of the financial aset unles the financial aset is credit

impaired, in which case interest income is calculated based on

amortised cost of the financial aset.

The Group recognises an impairment gain or los in profit

or los for al financial instruments by adjusting their carying

amount, with the exception of loan receivable, trade receivables

and amount due from an asociate where the coresponding

adjustment is recognised through a los alowance acount.

Foreign exchange gains and loses

The carying amount of financial asets that are denominated

in a foreign curency is determined in that foreign curency and

translated at the spot rate at the end of each reporting period.

Specificaly for financial asets measured at amortised cost that

are not part of a designated hedging relationship, exchange

diferences are recognised in profit or los in the “Other gains

and loses, net” line item as part of the exchange loses, net.

Derecognition and modification of financial asets

The Group derecognises a financial aset only when the

contractual rights to the cash flows from the aset expire, or

when it transfers the financial aset and substantialy al the risks

and rewards of ownership of the aset to another entity. If the

Group neither transfers nor retains substantialy al the risks and

rewards of ownership and continues to control the transfered

aset, the Group recognises its retained interest in the aset

and an asociated liability for amounts it may have to pay. If the

Group retains substantialy al the risks and rewards of ownership

of a transfered financial aset, the Group continues to recognise

the financial aset and also recognises a colateralised borowing

for the proceds received.

On derecognition of a financial aset measured at amortised

cost, the diference betwen the aset’s carying amount

and the sum of the consideration received and receivable is

recognised in profit or los.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

122China Briliant Global Limited I Anual Report 2024/25

（续）

金融工具（续）

金融资产（续）

终止确认及修改金融资产（续）

倘重新磋商或以其他方式修改合约现金

流量，则会出现金融资产的修改。

当金融资产的合约条款被修改时，本集

团将考虑所有相关事实及情况（包括定

性因素），评估修改后的条款是否导致

对原始条款的实质性修改。倘并无确凿

的定性评估，如根据新条款现金流量的

折现值（包括已付（扣除任何所收费用）

及按原实际利率折现的任何费用）与原

金融资产剩余现金流量的折现值至少

有10%差别，则本集团认为该等条款大

不相同。

对于不导致终止确认的金融资产非重大

修改，有关金融资产的账面值将按金融

资产的原实际利率折现经修改合约现金

流量至现值计算。因而产生的交易成本

或费用会调整至经修改金融资产的账面

值，并于余下年期摊销。对金融资产账

面值的任何调整于修改当日的损益中确

认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial asets (Continued)

Derecognition and modification of financial asets (Continued)

A modification of a financial aset ocurs if the contractual cash

flows are renegotiated or otherwise modified.

When the contractual terms of a financial aset are modified,

the Group aseses whether the revised terms result in a

substantial modification from original terms taking into acount

al relevant facts and circumstances including qualitative factors.

If qualitative asesment is not conclusive, the Group considers

the terms are substantialy diferent if the discounted present

value of the cash flows under the new terms, including any fes

paid net of any fes received, and discounted using the original

efective interest rate, is at least 10 per cent diferent from the

discounted present value of the remaining cash flows of the

original financial aset.

For non-substantial modifications of financial asets that do

not result in derecognition, the carying amount of the relevant

financial asets wil be calculated at the present value of the

modified contractual cash flows discounted at the financial

asets’ original efective interest rate. Transaction costs or fes

incured are adjusted to the carying amount of the modified

financial asets and are amortised over the remaining term.

Any adjustment to the carying amount of the financial aset is

recognised in profit or los at the date of modification.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司123

（续）

金融工具（续）

金融负债及股本工具

债务或股本之分类

集团实体发行之债务及股本工具乃根据

所订立合约安排之内容及金融负债与股

本工具之定义予以分类为金融负债或股

本工具。

股本工具

股本工具为可证明于实体资产经扣除其

所有负债后之余额权益之任何合约。本

集团发行之股本工具按已收取款项扣除

直接发行成本确认。

金融负债

所有金融负债其后按摊销成本使用实际

利率法或按公平价值计入损益计量。

按公平价值计入损益之金融负债

当金融负债指定为按公平价值计入损益

时，金融负债分类为按公平价值计入损

益。

倘若符合下列任何一种情况，金融负债

可于初步确认时被指定为按公平价值计

入损益：

‧ 有关指定消除或大幅减少可能出

现之计量或确认歧异；或

‧ 金融负债根据本集团既定风险管

理或投资策略所组成一组金融资

产或金融负债或两者其中部分并按

公平价值基准管理及评估其表现，

且有关分组之资料乃按该基准由

内部提供；或

‧ 其构成包含一项或多项嵌入式衍生

工具合约的一部分，而香港财务报

告准则第9号允许将整个组合约

指定为按公平价值计入损益。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial liabilities and equity instruments

Clasification as debt or equity

Debt and equity instruments isued by a group entity are

clasified as either financial liabilities or as equity in acordance

with the substance of the contractual arangements and the

definitions of a financial liability and an equity instrument.

Equity instruments

An equity instrument is any contract that evidences a residual

interest in the asets of an entity after deducting al of its

liabilities. Equity instruments isued by the Group are recognised

at the proceds received, net of direct isue costs.

Financial liabilities

Al financial liabilities are subsequently measured at amortised

cost using the efective interest method or at FVTPL.

Financial liabilities at FVTPL

Financial liabilities are clasified as at FVTPL when the financial

liability is designated as at FVTPL.

A financial liability may be designated as at FVTPL upon initial

recognition if:

• such designation eliminates or significantly reduces a

measurement or recognition inconsistency that would

otherwise arise; or

• the financial liability forms part of a group of financial

asets or financial liabilities or both, which is managed

and its performance is evaluated on a fair value basis,

in acordance with the Group’s documented risk

management or investment strategy, and information about

the grouping is provided internaly on that basis; or

• it forms part of a contract containing one or more

embeded derivatives, and HKFRS 9 permits the entire

combined contract to be designated as at FVTPL.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

124China Briliant Global Limited I Anual Report 2024/25

（续）

金融工具（续）

金融负债及股本工具（续）

按摊销成本列账之金融负债

金融负债（包括贸易应付账款、其他应

付款项及应计款项（不包括应计员工成

本、其他应付税款及预收款项）、客户存

款、租赁负债、应付董事款项及应付关

联公司款项）其后按摊销成本以实际利

率法计量。

外汇收益及亏损

就于各报告期末以外币列值及按摊销成

本计量的金融负债而言，外汇收益及亏

损基于该等工具的摊销成本厘定。该等

外汇收益及亏损就并非指定对冲关系一

部分的金融负债于损益的「其他收益及

亏损」条目作为汇兑亏损确认净额的一

部分。

以外币计值的金融负债的公平价值以

该外币厘定并以报告期末的即期汇率

换算。就按公平价值计入损益之金融负

债而言，外汇部分构成公平价值收益或

亏损的一部分，并于金融负债损益中确

认。

终止确认金融负债

当及仅在本集团的义务已经履行、解

除或到期时，本集团才终止确认金融负

债。终止确认的金融负债的账面值与已

付及应付的代价之间的差额会在损益中

确认。

衍生金融工具

衍生工具于订立衍生工具合约当日初步

按公平价值确认，其后于报告期末按公

平价值重新计量，计算所得之盈亏于损

益确认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Financial instruments (Continued)

Financial liabilities and equity instruments (Continued)

Financial liabilities at amortised cost

Financial liabilities (including trade payables, other payables

and acruals (exclude acrued staf costs, other tax payables

and receipt in advance), deposits from customers, lease

liabilities, amounts due to directors and amounts due to related

companies) are subsequently measured at amortised cost, using

the efective interest method.

Foreign exchange gains and loses

For financial liabilities that are denominated in a foreign curency

and are measured at amortised cost at the end of each reporting

period, the foreign exchange gains and loses are determined

based on the amortised cost of the instruments. These foreign

exchange gains and loses are recognised in the “Other gains

and loses” line item in profit or los as part of exchange loses,

net for financial liabilities that are not part of a designated

hedging relationship.

The fair value of financial liabilities denominated in a foreign

curency is determined in that foreign curency and translated

at the spot rate at the end of the reporting period. For financial

liabilities that are measured as at FVTPL, the foreign exchange

component forms part of the fair value gains or loses and is

recognised in profit or los for financial liabilities.

Derecognition of financial liabilities

The Group derecognises financial liabilities when, and only

when, the Group’s obligations are discharged, canceled or have

expired. The diference betwen the carying amount of the

financial liability derecognised and the consideration paid and

payable is recognised in the profit or los.

Derivative financial instruments

Derivatives are initialy recognised at fair value at the date when

derivative contracts are entered into and are subsequently

remeasured to their fair value at the end of the reporting period.

The resulting gain or los is recognised in profit or los.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司125

（续）

现金及现金等值物

现金及现金等值物于综合财务状况表呈

列，包括现金，其包括手头现金及活期

存款，不包括受监管限制而导致有关结

余不再符合现金定义的银行结余。

就综合现金流量表而言，现金及现金等

值物包括上文定义的现金及现金等值

物。

拨备

当由于过往事件导致本集团现时须承担

法律或推定责任，本集团可能将须履行

该责任且能可靠估计该责任之数额时，

则会确认拨备。

确认为拨备之金额是于报告期末经计入

有关责任之风险及不确定因素后，对结

算现有责任之所需代价之最佳估计。倘

拨备使用结算现有责任之估计现金流量

计量，则其账面值为该等现金流量之现

值（其对货币时间价值影响属重大）。

或然负债及或然资产

或然资产

或然资产生自非计划或其他意外事

件，其可能为本集团带来经济利益流

入，且不会于综合财务报表内确认。本

集团持续评估或然资产的发展。倘实际

上确定将会产生经济利益流入，则本集

团于出现变动的报告期在综合财务报表

确认资产及相关收入。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Cash and cash equivalents

Cash and cash equivalents presented on the consolidated

statement of financial position include cash, which comprises of

cash on hand and demand deposits, excluding bank balances

that are subject to regulatory restrictions that result in such

balances no longer meting the definition of cash.

For the purposes of the consolidated statement of cash flows,

cash and cash equivalents consist of cash and cash equivalents

as defined above.

Provisions

Provisions are recognised when the Group has a present

obligation (legal or constructive) as a result of a past event, it is

probable that the Group wil be required to setle the obligations,

and a reliable estimate can be made of the amount of the

obligation.

The amount recognised as a provision is the best estimate of

the consideration required to setle the present obligation at the

end of the reporting period, taking into acount the risks and

uncertainties surounding the obligation. When a provision is

measured using the cash flows estimated to setle the present

obligation, its carying amount is the present value of those cash

flows (where the efect of the time value of money is material).

Contingent liabilities and contingent asets

Contingent asets

Contingent asets arise from unplaned or other unexpected

events that give rise to the posibility of an inflow of economic

benefits to the Group and they are not recognised in the

consolidated financial statements. The Group aseses

continualy the development of contingent asets. If it has

become virtualy certain that an inflow of economic benefits wil

arise, the Group recognises the aset and the related income in

the consolidated financial statements in the reporting period in

which the change ocurs.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

126China Briliant Global Limited I Anual Report 2024/25

（续）

或然负债及或然资产（续）

或然负债

或然负债指因已发生的事件而产生的现

有责任，但由于可能不需要流出具有经

济利益的资源以履行责任，或责任金额

未能充分可靠地计量，故不予确认。

倘本集团须共同及个别承担责任，则预

期由其他方履行的责任部分会被视为或

然负债，而不会于综合财务报表确认。

本集团持续评估以厘定包含经济利益

的资源流出是否可能。倘先前作为或然

负债处理的项目可能须流出未来经济利

益，则于发生可能性变动的报告期在综

合财务报表确认拨备，惟在极端罕见的

情况下无法作出可靠估计则除外。

客户合约收益

本集团于（或当）完成履约责任时（即于与

特定履约责任相关的货品或服务的「控

制权」转移予客户时）确认收益。

履约责任指一项明确货品或服务（或一

批货品或服务）或一系列大致相同的明

确货品或服务。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Contingent liabilities and contingent asets

(Continued)

Contingent liabilities

A contingent liability is a present obligation arising from past

events but is not recognised because it is not probable that

an outflow of resources embodying economic benefits wil be

required to setle the obligation or the amount of the obligation

canot be measured with suficient reliability.

Where the Group is jointly and severaly liable for an obligation,

the part of the obligation that is expected to be met by other

parties is treated as a contingent liability and it is not recognised

in the consolidated financial statements.

The Group aseses continualy to determine whether an

outflow of resources embodying economic benefits has become

probable. If it becomes probable that an outflow of future

economic benefits wil be required for an item previously dealt

with as a contingent liability, a provision is recognised in the

consolidated financial statements in the reporting period in which

the change in probability ocurs, except in the extremely rare

circumstances where no reliable estimate can be made.

Revenue from contracts with customers

The Group recognises revenue when (or as) a performance

obligation is satisfied, i.e. when “control” of the gods or services

underlying the particular performance obligation is transfered to

the customer.

A performance obligation represents a god or service (or a

bundle of gods or services) that is distinct or a series of distinct

gods or services that are substantialy the same.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司127

（续）

客户合约收益（续）

货品或服务控制权可随时间或于某一时

间点转移。倘符合以下其中一项条件，

则货品或服务控制权为随时间转移：

• 客户于本集团履约时同时收取及

耗用本集团履约所提供的利益；

• 本集团的履约创造及提升客户于

本集团履约时控制的资产；或

• 本集团的履约未创造对本集团具

有替代用途的资产，而本集团有

强制执行权收取至今已履约部分

的款项。

否则，收益于客户获得明确货品或服务

控制权的时间点确认。

合约负债指本集团因已自客户收取代价

（或到期收取的代价）而须向客户转让货

品或服务的责任。

随时间确认收益：计量距离完全达成履

约责任之进度

输出法

完全达成履约责任之进度乃根据输出

法计量，即根据合约迄今为止已转移给

客户的服务相对于承诺的剩余服务的价

值，这最能体现本公司在转移服务控制

权方面的履行情况。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Revenue from contracts with customers (Continued)

Control of the god or service may be transfered over time or at

a point in time. Control of the god or service is transfered over

time if one of the folowing criteria is met:

• the customer simultaneously receives and consumes

the benefits provided by the Group’s performance as the

Group performs;

’s performance creates or enhances an aset

that the customer controls as the Group performs; or

’s performance does not create an aset with

an alternative use to the Group and the Group has an

enforceable right to payment for performance completed to

date.

Otherwise, revenue is recognised at a point in time when the

customer obtains control of the distinct god or service.

A contract liability represents the Group’s obligation to transfer

gods or services to a customer for which the Group has

received consideration (or an amount of consideration is due)

from the customer.

Over time revenue recognition: measurement of progres

towards complete satisfaction of a performance obligation

Output method

The progres towards complete satisfaction of a performance

obligation is measured based on output method, which is to

recognise revenue on the basis of direct measurements of the

value of the services transfered to the customer to date relative

to the remaining services promised under the contract, that best

depict the Company’s performance in transfering control of

services.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

128China Briliant Global Limited I Anual Report 2024/25

（续）

客户合约收益（续）

货品销售的收益

本集团从事在批发市场及透过自营零售

店向客户直接买卖黄金及珠宝产品。

就在批发市场买卖黄金及珠宝产品而

言，收益于货品的控制权转移时即货品

已付运至批发商的指定地点时确认。于

客户取得控制权前发生的运输及处理活

动被视为履约活动。交付后，批发商可

全权酌情决定分销方式及出售货品的价

格、就出售货品时承担主要责任并承担

货品陈旧过时及亏损的风险。根据相关

合约，正常信贷期为交付后最多6个月。

就向零售客户出售珠宝产品而言，收益

于货品的控制权转移时（即客户于零售

店购买货品的时间点）确认。交易价的

付款应于紧随客户购买货品的时间点后

支付。

倘批发商及零售客户于本集团将产品的

控制权移交给批发商╱零售客户之前支

付订金，则合约负债亦予以确认。

佣金收入

佣金收入按成功基准确认，即相关服务

申请获成功完成之时。佣金将由本公司

于服务完成后收取。

物业管理服务收益

由于客户于本集团履约时同时收取及耗

用本集团履约所提供的利益，物业管理

服务收益于提供服务时确认。本集团每

月为提供的服务开具固定金额账单，以

及按本集团有权开具发票并与完成履约

价值直接对应的金额确认为收益。因

此，收益按直线法于特定期间确认，而

服务成本于履行相关服务产生时确认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Revenue from contracts with customers (Continued)

Revenue from sales of gods

The Group is engaged in the trading of gold and jewelery

products in the wholesale market and directly to customers

through its own retail outlets.

For trading of gold and jewelery products in the wholesale

market, revenue is recognised when control of the gods

has transfered, being when the gods have ben shiped

to the wholesaler’s specific location. Transportation and

handling activities that ocur before customers obtain control

are considered as fulfilment activities. Folowing delivery, the

wholesaler has ful discretion over the maner of distribution

and price to sel the gods, has the primary responsibility for on

seling the gods and bears the risks of obsolescence and los

in relation to the gods. The normal credit term is for a maximum

of 6 months upon the delivery pursuant to the relevant contracts.

For sales of jewelery products to retail customers, revenue is

recognised when control of the gods has transfered, being at

the point the customer purchases the gods at the retail outlet.

Payment of the transaction price is due imediately at the point

the customer purchases the gods.

A contract liability is also recognised when the wholesalers and

retail customers pay deposit before the Group transfers control

of the products to the wholesalers/retail customers.

Comision income

Comision income is recognised on a suces basis, i.e. when

the relevant aplication for the services has ben sucesfuly

completed. The comision wil be received by the Company

upon completion of the services.

Revenue from property management services

Revenue from property management services is recognised

in which the services are rendered as the customers

simultaneously receives and consumes the benefits provided by

the Group’s performance when the Group performs. The Group

bils a fixed amount for services provided on a monthly basis and

recognises as revenue in the amount to which the Group has a

right to invoice and that coresponds directly with the value of

performance completed. Acordingly, revenue is recognised on

a straight-line basis over the specified period, and the cost of

services is recognised as incured in conection with performing

such services.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司129

（续）

客户合约收益（续）

增值服务收益

于提供服务时及本集团履约提供全部利

益而客户同时收取及耗用有关利益时，

增值服务收益随时间确认。

租赁

本集团作为承租人

短期租赁及低价值资产租赁

本集团对自开始日期起计之租期为十二

个月或以下并且不包含购买选择权的办

公室及仓库租赁采用短期租赁确认豁

免。本集团亦就低价值资产租赁采用确

认豁免。短期租赁的租赁付款及低价值

资产租赁在租期内按直线法或其他系统

性基准确认为开支。

使用权资产按成本减任何累计折旧及减

值亏损计量。

使用权资产

使用权资产按其估计可使用年期及租期

的较短者以直线法折旧。

本集团于综合财务状况表内将使用权资

产呈列为单独项目。

租赁负债

于租赁开始日期，本集团按该日并未支

付的租赁付款现值确认并计量租赁负

债。于计算租赁付款现值时，倘租赁中

所隐含之利率不易厘定，本集团则于租

赁开始日期使用增量借贷利率。

于开始日期之后，租赁负债根据利息增

长及租赁付款作出调整。

租赁负债于本集团综合财务状况表中单

独列示。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Revenue from contracts with customers (Continued)

Revenue from value-aded services

Revenue from value-aded services is recognised over time

when the services are rendered and the Group’s performance

provides al of the benefits received and consumed

simultaneously by the customer.

Leases

The Group as a lese

Short-term leases and leases of low-value asets

The Group aplies the short-term lease recognition exemption

to leases of ofices and warehouse that have a lease term

of 12 months or les from the comencement date and do

not contain a purchase option. It also aplies the recognition

exemption for lease of low-value asets. Lease payments on

short-term leases and leases of low-value asets are recognised

as expense on a straight-line basis or another systematic basis

over the lease term.

Right-of-use asets are measured at cost, les any acumulated

depreciation and impairment loses.

Right-of-use asets

Right-of-use asets 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 asets as a separate line item

on the consolidated statement of financial position.

Lease liabilities

At the comencement 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

borowing rate at the lease comencement date if the interest

rate implicit in the lease is not readily determinable.

After the comencement date, lease liabilities are adjusted by

interest acretion and lease payments.

The Group presents lease liabilities as a separate line in the

consolidated statement of financial position.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

130China Briliant Global Limited I Anual Report 2024/25

（续）

雇员福利

短期雇员福利

短期雇员福利是在雇员提供服务时预期

支付的福利的未折现金额。所有短期雇

员福利均被确认为开支，除非另有香港

财务报告准则要求或批准在资产成本中

纳入福利。

经扣除任何已付金额后，雇员之应计福

利（例如薪金及奖金）确认为负债。

退休福利责任

向强制性公积金计划（「强积金计划」）作

出之供款于雇员提供服务而有权获得供

款时确认为开支。本集团根据香港强制

性公积金计划条例为于香港强制性公积

金计划条例司法权区之雇员经营强制性

公积金计划。该强积金计划为界定供款

计划，而有关之资产由独立信托管理基

金持有管理。

根据强积金计划，雇主及其雇员均须按

雇员相关收入之5%向计划作出供款，惟

雇主供款以每月相关收入30,000港元为

上限。本集团向强积金计划作出之供款

于产生时支销，并根据计划之归属程度

归属。倘雇员于雇主供款全数归属前退

出强积金计划，没收之供款金额将用作

扣减本集团之应付供款。

就长期服务金（「长期服务金」）义务而言，

本集团根据香港会计准则第19.93(a)条将

预期将被抵销的雇主强积金供款视为雇

员对长期服务金义务的供款，并按净额

基准计量。未来福利的估计金额乃经扣

除本集团已归属于雇员的强积金供款所

产生的应计福利的负服务成本后厘定，

有关供款被视为来自有关雇员的供款。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Employe benefits

Short term employe benefits

Short-term employe benefits are recognised at the

undiscounted amount of the benefits expected to be paid as and

when employes rendered the services. Al short-term employe

benefits are recognised as an expense unles another HKFRS

requires or permits the inclusion of the benefit in the cost of an

aset.

A liability is recognised for benefits acruing to employes (such

as salaries and bonus) after deducting any amount already paid.

Retirement benefit obligations

Payment to Mandatory Provident Fund Scheme (the “MPF

Scheme”) is recognised as an expense when employes have

rendered service entitling them to the contributions. The Group

operates a MPF Scheme under the Hong Kong Mandatory

Provident Fund Schemes Ordinance for those employes

employed under the jurisdiction of the Hong Kong Employment

Ordinance. The MPF Scheme is a defined contribution scheme,

the asets of which are held in separate truste-administered

funds.

Under the MPF Scheme, the employer and its employes are

each required to make contributions to the scheme at 5% of the

employes’ relevant income, with the employers’ contributions

subject to a cap of monthly relevant income of HK$30,000. The

Group’s contributions to the scheme are expensed as incured

and vested in acordance with the scheme’s vesting scales.

Where employes leave the scheme prior to the ful vesting of the

employer’s contributions, the amount of forfeited contributions is

used to reduce the contributions payable by the Group.

For long service payment (LSP) obligation, the Group acounts

for the employer MPF contributions expected to be ofset as a

demed employe contribution towards the LSP obligation in

terms of HKAS 19.93(a) and it is measure on a net basis. The

estimated amount of future benefit is determined after deducting

the negative service cost arising from the acrued benefits

derived from the Group’s MPF contributions that have ben

vested with employes, which are demed to be contributions

from the relevant employes.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司131

（续）

雇员福利（续）

退休福利责任（续）

本集团在中国之附属公司之雇员均须参

与中国有关地方政府部门推行之雇员退

休计划。须由本集团负担之供款，按该

等合资格雇员薪金及工资之若干百分比

计算。

于损益中扣除之退休福利计划供款乃本

集团按该等计划规则指定之比率本集团

已付或应付该等基金之供款。

以股份为基础之付款

向雇员及提供类似服务的其他人士作出

的股权结算以股份为基础之付款按授出

日期的股本工具的公平价值计量。

于授出日期厘定股权结算以股份为基

础之付款的公平价值（不计及所有非市

场归属条件）会于归属期内根据本集团

对将会最终归属的股本工具的估计，按

直线法支销，并于权益（购股权储备）中

作出相应增加。于各报告期末，本集团

修订其基于对所有相关非市场归属条件

的评估对预期归属的股本工具数目的估

计。修订原定估计的影响（如有）于损益

确认，以使累计开支反映经修订估计，

并对购股权储备作出相应调整。就于授

出日期即时归属之购股权而言，所授出

购股权之公平价值乃即时于损益支销。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Employe benefits (Continued)

Retirement benefit obligations (Continued)

Employes of the Group’s subsidiaries in the PRC are required to

participate in the employe retirement scheme operated by the

relevant local government bureau in the PRC. The contributions

to be borne by the Group are calculated at a certain percentage

of the salaries and wages for those eligible employes.

The retirement benefits scheme contributions charged to profit

or los represent contributions paid or payable to the funds by

the Group at rates specified in the rules of the schemes.

Share-based payment

Equity-setled share-based payments to employes and others

providing similar services are measured at the fair value of the

equity instruments at the grant date.

The fair value of the equity-setled share-based payments

determined at the grant date without taking into consideration

al non-market vesting conditions is expensed on a straight-

line basis over the vesting period, based on the Group’s

estimate of equity instruments that wil eventualy vest, with a

coresponding increase in equity under the heading of share

option reserve. At the end of each reporting period, the Group

revises its estimate of the number of equity instruments expected

to vest based on asesment of al relevant non-market vesting

conditions. The impact of the revision of the original estimates,

if any, is recognised in profit or los such that the cumulative

expense reflects the revised estimate, with a coresponding

adjustment to the share options reserve. For share options that

vest imediately at the date of grant, the fair value of the share

options granted is expensed imediately to profit or los.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

132China Briliant Global Limited I Anual Report 2024/25

（续）

以股份为基础之付款（续）

当行使购股权时，先前于购股权储备确

认的数额将转拨至股份溢价。倘购股权

在归属日期后被没收或于届满日期仍未

行使，先前于购股权储备确认的数额将

转拨至累计亏损。

厘定奖励的授出日期公平价值时，不会

计及服务及非市场表现条件，但会评估

达成该等条件的可能性，作为本集团对

最终将归属的股本工具数量的最佳估

计。市场表现条件于授出日期公平价值

内反映。奖励所附带但并无相关服务要

求的任何其他条件视为非归属条件。除

非有另外的服务及╱或表现条件，否则

非归属条件于奖励的公平价值内反映，

并将即时支销奖励。

因未能达成非市场表现及╱或服务条件

而最终并无归属的奖励不会确认开支。

倘奖励包括市场或非归属条件，交易视

为归属，而不论市场或非归属条件是否

达成，惟所有其他表现或服务条件须已

达成。

当股本结算奖励的条款修订时，会确认

最少的开支，犹如奖励的原始条款已达

成而并无修订条款一般。此外，倘任何

修订导致以股份为基准的付款于修订

日期计量的公平价值总额增加或于其他

方面对雇员有利，则就该等修订确认开

支。

当股本结算奖励注销时，会视作奖励已

于注销当日归属，而就奖励尚未确认的

任何开支会即时确认。此包括未能达成

本集团或雇员控制范围内非归属条件的

任何奖励。然而，倘有新奖励取代已注

销的奖励，并于授出当日指定为取代奖

励，则已注销的奖励及新奖励会被视为

根据前段所述原有奖励的修订。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Share-based payment (Continued)

When share options are exercised, the amount previously

recognised in share option reserve wil be transfered to share

premium. When the share options are forfeited after the vesting

date or are stil not exercised at the expiry date, the amount

previously recognised in share option reserve wil be transfered

to acumulated loses.

Service and non-market performance conditions are not

taken into acount when determining the grant date fair value

of awards, but the likelihod of the conditions being met is

asesed as part of the Group’s best estimate of the number of

equity instruments that wil ultimately vest. Market performance

conditions are reflected within the grant date fair value. Any other

conditions atached to an award, but without an asociated

service requirement, are considered to be non-vesting

conditions. Non-vesting conditions are reflected in the fair value

of an award and lead to an imediate expensing of an award

unles there are also service and/or performance conditions.

For awards that do not ultimately vest because non-market

performance and/or service conditions have not ben met, no

expense is recognised. Where awards include a market or non-

vesting condition, the transactions are treated as vesting irespective

of whether the market or non-vesting condition is satisfied, provided

that al other performance and/or service conditions are satisfied.

Where the terms of an equity-setled award are modified, as

a minimum an expense is recognised as if the terms had not

ben modified, if the original terms of the award are met. In

adition, an expense is recognised for any modification that

increases the total fair value of the share-based payments, or is

otherwise beneficial to the employe as measured at the date of

modification.

Where an equity-setled award is canceled, it is treated as

if it had vested on the date of cancelation, and any expense

not yet recognised for the award is recognised imediately.

This includes any award where non-vesting conditions within

the control of either the Group or the employe are not met.

However, if a new award is substituted for the canceled award,

and is designated as a replacement award on the date that it

is granted, the canceled and new awards are treated as if they

were a modification of the original award, as described in the

previous paragraph.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司133

（续）

以股份为基础之付款（续）

授予非雇员的购股权

与雇员以外人士进行之股权结算以股份

为基础之付款交易乃按所接受服务之公

平价值计量，惟如该公平价值无法予以

可靠地计量除外，此情况下则按所授出

股本工具之公平价值于实体取得交易对

方提供服务之日计量。所接受服务之公

平价值乃确认为开支（除非有关服务合

资格确认为资产）。

政府补助

除非合理确定本集团将满足政府补助条

件且会收到该补助，否则不应确认政府

补助。

政府补助与应收入有关，该收入应作

为已发生的开支或损失的补偿，或者是

为了向本集团提供直接财务支助而没有

未来相关开支为目的，在其成为应收款

项期间于损益确认。该补助在「其他收

益及亏损净额」项下呈列。

借贷成本

所有借贷成本按其产生期间在损益中确

认。

所得税

所得税开支即指应付即期及递延所得税

之总额。

即期税项

即期应付之税项是根据本年度之应课税

溢利计算。应课税溢利与综合损益表及

其他全面收益表所载之「除税前亏损」有

所不同，乃由于应课税溢利不包括于其

他年度的应课税或可予扣减之收入或开

支，同时亦不包括该等永远毋须课税或

不可扣减之项目。本集团的即期税项负

债以报告期末已立法或实际立法之税率

计算。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Share-based payment (Continued)

Share-option granted to non-employes

Equity-setled share-based payment transactions with parties

other than employes are measured at the fair value of the

services received, except where that fair value canot be

estimated reliably, in which case they are measured at the fair

value of the equity instruments granted, measured at the date

the entity obtains the counterparty renders the service. The fair

values of the services received are recognised as expenses

(unles the services qualify for recognition as asets).

Government grants

Government grants are not recognised until there is reasonable

asurance that the Group wil comply with the conditions

ataching to them and that the grants wil be received.

Government grants related to income that are receivable as

compensation for expenses or loses already incured or for

the purpose of giving imediate financial suport to the Group

with no future related costs are recognised in profit or los in

the period in which they become receivable. Such grants are

presented under “other gains and loses, net”.

Borowing costs

Al borowing costs are recognised in profit or los in the period

in which they are incured.

Income tax

Income tax expense represents the sum of the curent and

defered income tax payables.

Curent tax

The tax curently payable is based on taxable profit for the year.

Taxable profit difers from ‘los before tax’ as reported in the

consolidated statement of profit or los and other comprehensive

income because it excludes items of income or expense that

are taxable or deductible in other years and items that are

never taxable or deductible. The Group’s liability for curent

tax is calculated using tax rates that have ben enacted or

substantively enacted by the end of the reporting period.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

134China Briliant Global Limited I Anual Report 2024/25

（续）

所得税（续）

递延税项

递延税项是指在综合财务报表内确认

之资产与负债之账面值与以相应税基

计算应课税溢利之暂时性差异。递延税

项负债通常会就所有应课税暂时性差异

确认，而递延税项资产则会在预期应课

税溢利可供用作抵销可予扣减暂时性差

异时确认入账为可予扣减暂时性差异。

倘暂时性差异是因一项交易涉及之资产

及负债进行初步确认时产生而不会影响

应课税溢利或会计溢利且交易发生时不

产生同等的应课税及可予扣减暂时性差

异，该等递延税项资产及负债则不会确

认入账。

递延税项负债按于附属公司之权益及于

联营公司之权益所引致之应课税暂时性

差异而予以确认，惟本集团可控制拨回

之暂时性差异及不大可能于可见未来拨

回之暂时性差异则除外。而该等权益之

可扣减暂时性差异产生之递延税项资

产仅在未来有可能产生足以抵销暂时性

差异之应课税溢利及预计于可见未来拨

回之情况下，则该递延税项资产可予确

认。

递延税项资产之账面值于各报告期末

进行检讨，并于预期将不可能有足够应

课税溢利可供收回全部或部分资产时减

少。

递延税项资产及负债乃按预期于负债清

偿或资产变现期间按已实施或于报告期

末大致上已实施之税率（及税制）计算。

递延税项负债及资产之计量反映本集团

预期于报告期末收回或偿还其资产及负

债账面值之方式所产生之税务后果。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Income tax (Continued)

Defered tax

Defered tax is recognised on temporary diferences betwen

the carying amounts of asets and liabilities in the consolidated

financial statements and the coresponding tax bases used

in the computation of taxable profit. Defered tax liabilities are

generaly recognised for al taxable temporary diferences.

Defered tax asets are generaly recognised for al deductible

temporary diferences to the extent that it is probable that

taxable profits wil be available against which those deductible

temporary diferences can be utilised. Such defered tax asets

and liabilities are not recognised if the temporary diference

arises from the initial recognition of asets and liabilities in

a transaction that afects neither the taxable profit nor the

acounting profit and at the time of the transaction does not give

rise to equal taxable and deductible temporary diferences.

Defered tax liabilities are recognised for taxable temporary

diferences asociated with interests in subsidiaries and interest

in an asociate, except where the Group is able to control the

reversal of the temporary diference and it is probable that

the temporary diference wil not reverse in the foreseable

future. Defered tax asets arising from deductible temporary

diferences asociated with such interests are only recognised to

the extent that it is probable that there wil be suficient taxable

profits against which to utilise the benefits of the temporary

diferences and they are expected to reverse in the foreseable

future.

The carying amounts of defered tax asets is reviewed at the

end of each reporting period and reduced to the extent that it is

no longer probable that suficient taxable profits wil be available

to alow al or part of the aset to be recovered.

Defered tax asets and liabilities are measured at the tax rates

that are expected to aply in the period in which the liability is

setled or the aset realised, based on tax rates (and tax laws)

that have ben enacted or substantively enacted by the end of

the reporting period.

The measurement of defered tax liabilities and asets reflects

the tax consequences that would folow from the maner in

which the Group expects, at the end of the reporting period, to

recover or setle the carying amount of its asets and liabilities.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司135

（续）

所得税（续）

本年度即期及递延税项

即期及递延税项于损益中确认。

分部呈报

经营分部及综合财务报表内报告各分部

项目的金额，乃从财务资料中识别，有

关财务资料乃定期向本集团高级行政管

理人员提供用作本集团各项业务及地理

位置分配资源并评估其表现。

个别重大的经营分部不会为财务报告

目的而合计，除非有关分部具有类似经

济特性，并且具有类似的产品及服务性

质、生产流程性质、客户类型或类别、

分销产品或提供服务方法，以及监管环

境性质。个别非重大的经营分部倘符合

上述大多数条件则可予合计。

外币

编制个别集团实体之财务报表时，以该

实体功能货币以外货币（外币）进行之交

易乃按交易日期当时之当前汇率确认。

于报告期末，以外币计值之货币项目以

当日之当前汇率重新换算。按公平价值

列账且按外币计值之非货币项目乃按厘

定公平价值当日之汇率重新换算，而以

外币历史成本计算之非货币项目不予重

新换算。

结算货币项目及重新换算货币项目所产

生之汇兑差额，于其产生期间在损益中

确认。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Income tax (Continued)

Curent and defered tax for the year

Curent and defered tax are recognised in profit or los.

Segment reporting

Operating segments, and the amounts of each segment item

reported in the consolidated financial statements, are identified

from the financial information provided regularly to the Group’s

most senior executive management for the purposes of

alocating resources to, and asesing the performance of, the

Group’s various lines of busines and geographical locations.

Individualy material operating segments are not agregated for

financial reporting purposes unles the segments have similar

economic characteristics and are similar in respect of the nature

of products and services, the nature of production proceses,

the type or clas of customers, the methods used to distribute

the products or provide the services, and the nature of the

regulatory environment. Operating segments which are not

individualy material may be agregated if they share a majority of

these criteria.

Foreign curencies

In preparing the financial statements of each individual group

entity, transactions in curencies other than the functional

curency of that entity (foreign curencies) are recognised at the

rates of exchanges prevailing on the dates of the transactions.

At the end of the reporting period, monetary items denominated

in foreign curencies are retranslated at the rates prevailing at

that date. Non-monetary items caried at fair value that are

denominated in foreign curencies are retranslated at the rates

prevailing on the date when the fair value was determined. Non-

monetary items that are measured in terms of historical cost in a

foreign curency are not retranslated.

Exchange diferences arising on the setlement of monetary

items, and on the retranslation of monetary items, are recognised

in profit or los in the period in which they arise.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

136China Briliant Global Limited I Anual Report 2024/25

（续）

外币（续）

就呈列综合财务报表而言，本集团业务

之资产及负债均按各报告期末汇率换算

为本集团之呈列货币（即港元）。收入及

开支项目乃按期内平均汇率换算。所产

生的汇兑差额（如有）均于其他全面收益

内确认，并累积于权益中之外币汇兑储

备（于适当时拨作非控股权益）。

于出售海外业务（即出售本集团于海外

业务的全部权益或涉及失去对附属公司

（当中包括海外业务）控制权）时，就本公

司拥有人应占该业务而于权益内累计的

所有汇兑差额重新分类至损益。

持作出售之非流动资产

非流动资产或由资产及负债组成的出售

组别如很大可能会主要透过出售而非透

过持续使用方式收回，则分类为持作出

售。

有关资产或出售组别一般以账面值与公

平价值减销售成本两者间的较低者计

量。

已终止经营业务

已终止经营业务为本集团业务之组成部

分，其业务及现金流量可与本集团其他

部分明确区分，并：

— 代表一项独立主要业务或经营地

区；

— 属于拟出售一项独立主要业务或经

营地区之单一协调计划之一部分；

或

— 仅为转售而收购之附属公司。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Foreign curencies (Continued)

For the purposes of presenting the consolidated financial

statements, the asets and liabilities of the Group’s operations

are translated into the presentation curency of the Group

(i.e. HK$) using exchange rates prevailing at the end of each

reporting period. Income and expenses items are translated at

the average exchange rates for the period. Exchange diferences

arising, if any, are recognised in other comprehensive income

and acumulated in equity under the heading of foreign curency

translation reserve (atributed to non-controling interests as

apropriate).

On the disposal of a foreign operation (that is, a disposal of

the Group’s entire interest in a foreign operation, or a disposal

involving los of control over a subsidiary that includes a foreign

operation), al of the exchange diferences acumulated in

equity in respect of that operation atributable to owners of the

Company are reclasified to profit or los.

Non-curent asets held for sale

Non-curent asets, or disposal group comprising asets and

liabilities, are clasified as held for sale if it is highly probable that

they wil be recovered primarily through sale rather than through

continuing use.

Such asets, or disposal groups, are generaly measured at the

lower of their carying amount and fair value les costs to sel.

Discontinued operation

A discontinued operation is a component of the Group’s

busines, the operations and cash flows of which can be clearly

distinguished from the rest of the Group and which:

— represents a separate major line of busines or

geographical area of operations;

— is part of a single co-ordinated plan to dispose of a

separate major line of busines or geographical area of

operations; or

— is a subsidiary acquired exclusively with a view to resale.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司137

（续）

已终止经营业务（续）

倘业务被出售或符合分类为持作出售之

项目（如较早发生），则分类为已终止经

营业务。

当一项业务被分类为已终止经营业务，

则比较损益及其他综合损益表将依照该

业务自比较年度年初起已终止的方式重

新呈列。

有关连人士

倘属以下人士，则会被视为与本集团有

关连：

(a) 倘属以下人士，即该人士或该人士

之家族近亲与本集团有关连：

(i) 控制或共同控制本集团；

(i) 对本集团有重大影响；或

(i) 为本集团或本集团母公司之

主要管理人员。

(b) 倘符合下列任何条件，则实体与

本集团有关连：

(i) 该实体与本集团属同一集团

之成员公司（即各母公司、附

属公司及同系附属公司彼此

间有关连）；

(i) 一间实体为另一实体之联营

公司或合营企业（或另一实

体为成员公司之集团旗下成

员公司之联营公司或合营企

业）；

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Discontinued operation (Continued)

Clasification as a discontinued operation ocurs at the earlier of

disposal or when the operation mets the criteria to be clasified

as held for sale.

Where an operation is clasified as discontinued operation, the

comparative statement of profit or los and other comprehensive

income is re-presented as if the operation had ben discontinued

from the start of the comparative year.

Related parties

A party is considered to be related to the Group if:

(a) A person, or a close member of that person’s family, is

related to the Group if that person:

(i) has control or joint control over the Group;

(i) has significant influence over the Group; or

(i) is a member of the key management personel of the

Group or the Group’s parent.

(b) An entity is related to the Group if any of the folowing

conditions aplies:

(i) the entity and the Group are members of the same

group (which means that each parent, subsidiary and

felow subsidiary is related to the others);

(i) one entity is an asociate or joint venture of the other

entity (or an asociate or joint venture of a member of

a group of which the other entity is a member);

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

138China Briliant Global Limited I Anual Report 2024/25

（续）

有关连人士（续）

(b) （续）

(i) 两间实体均为同一第三方之

合营企业；

(iv) 一间实体为第三方实体之合

营企业，而另一实体为该第

三方实体之联营公司；

(v) 该实体为本集团或与本集团

有关连之实体就雇员福利设

立之离职后福利计划；

(vi) 实体受(a)所识别人士控制或

共同控制；

(vi) 于(a)(i)所识别人士对该实体

有重大影响力或属该实体（或

该实体之母公司）主要管理人

员；或

(vi) 为本集团或本集团之母公司

提供主要管理人员服务之实

体或其所属集团之任何成员

公司。

有关连人士交易指本集团与有关连人士

之间进行之资源、服务或责任转让，而

不论是否收取价格。

该人士之家族近亲可能被预期与实体进

行交易时影响该人士或受该人士影响之

该等家族成员。

3. MATERIAL ACOUNTING POLICY

INFORMATION (Continued)

Related parties (Continued)

(b) (Continued)

(i) both entities are joint ventures of the same third

party;

(iv) one entity is a joint venture of a third entity and the

other entity is an asociate of the third entity;

(v) the entity is a post-employment benefit plan for the

benefit of employes of either the Group or an entity

related to the Group;

(vi) the entity is controled or jointly controled by a

person identified in (a);

(vi) a person identified in (a)(i) has significant influence

over the entity or is a member of the key

management personel of the entity (or of a parent of

the entity); or

(vi) the entity, or any member of a group of which it is a

part, provides key management personel services

to the Group or to the Group’s parent.

A related party transaction is a transfer of resources, services or

obligation betwen the Group and a related party, regardles of

whether a price is charged.

Close family members of a person are those family members

who may be expected to influence, or be influenced by, that

person in their dealings with the entity.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司139

4. 关键会计判断及估计不确定因

素之主要来源

于应用本集团于综合财务报表附注3所

述之重大会计政策时，董事须对资产及

负债难于循其他途径取得之账面值作出

判断、估计及假设。该等估计及相关假

设乃根据过往经验及其他被视为有关的

因素而作出。实际结果或会有别于估计

数字。

此等估计及相关假设须持续检讨。倘修

订仅影响某个期间，则对会计估计的修

订于作出估计的期间确认；倘影响当前

及未来期间，则于修订期间及未来期间

确认。

应用会计政策时的关键判断

除涉及估计的判断外，以下为本公司董

事于应用本集团重大会计政策过程中所

作出并对综合财务报表内已确认金额具

最重大影响的关键判断。

4. CRITICAL ACOUNTING JUDGMENTS AND

KEY SOURCES OF ESTIMATION UNCERTAINTY

In the aplication of the Group’s material acounting policies,

which are described in note 3 to the consolidated financial

statements, the directors are required to make judgments,

estimates and asumptions about the carying amounts of

asets and liabilities that are not readily aparent from other

sources. The estimates and asociated asumptions are based

on historical experience and other factors that are considered to

be relevant. Actual results may difer from these estimates.

The estimates and underlying asumptions are reviewed on an

ongoing basis. Revisions to acounting estimates are recognised

in the period in which the estimate is revised if the revision

afects only that period, or in the period of the revision and future

periods if the revision afects both curent and future periods.

Critical judgments in aplying acounting policies

The folowing is the critical judgments, apart from those involving

estimations, that the directors have made in the proces of

aplying the Group’s material acounting policies and that have

the most significant efect on the amounts recognised in the

consolidated financial statements.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

140China Briliant Global Limited I Anual Report 2024/25

4. 关键会计判断及估计不确定因

素之主要来源（续）

计入按公平价值计入损益之金融资产

的非上市股本证券投资分类

本集团于非上市股本证券的投资并未分

类为联营公司或以权益法记账，尽管本

集团拥有或可能拥有该等投资超过20%

拥有权。董事认为，本集团对该等投资

并无重大影响力，乃由于本集团并无委

派任何代表加入该等投资之董事会或

同等监管组织；本集团并无参与政策制

定过程，包括参与股息或其他分派之决

定；及本集团并无与该等投资交换任何

管理人员。

由于本集团并无就达成上述任何事项作

出行动，故不视为对有关投资具重大影

响力。因此，该等投资不被视为本集团

之联营公司。

委托人与代理的考量（委托人）

本集团从事产品销售。本集团的结论

为，由于本集团在特定商品转移至客户

前拥有该等商品的控制权，经考虑本集

团主要负责履行提供货物的承诺等指

标，本集团担任该等交易之委托人。本

集团承担库存风险。当本集团履行履约

责任，本集团按根据合约所订明本集团

预期可收取的代价总额确认交易收益。

截至二零二五年三月三十一日止年度，

本集团确认销售产品的相关收益约

25,286,000港元（二零二四年：零）。

估计不确定因素之主要来源

于报告期末，可能导致下个财政年度之

资产及负债账面值发生重大调整之重大

风险之有关未来之主要假设及其他估计

不确定因素之主要来源载列如下。

4. CRITICAL ACOUNTING JUDGMENTS AND

KEY SOURCES OF ESTIMATION UNCERTAINTY

(Continued)

Clasification of investments in unlisted equity

securities included in financial asets through FVTPL

The Group invested in unlisted equity securities that are not

clasified as an asociate nor acounted for using equity

method, even though the Group owns or potentialy owns more

than 20% ownership interest in those investments. In the opinion

of the directors, the Group has no significant influence over these

investments since the Group did not have any representative

on the board of directors or equivalent governing body of these

investments; the Group did not participate in policy-making

proceses, including participation in decisions about dividends

or other distributions; and the Group did not interchange any

managerial personel with those investments.

As the Group did not act to fulfil any one of the isues stated

above, it does not consider as having significant influence on the

investments. Hence, those investments are not considered as

the asociate of the Group.

Principal versus agent consideration (principal)

The Group engages in sales of products. The Group concluded

that the Group acts as the principal for such transactions as

it controls the specified gods before it is transfered to the

customer after taking into consideration indicators such as the

Group is primarily responsible for fulfiling the promise to provide

the gods. The Group has inventory risk. When the Group

satisfies the performance obligation, the Group recognises

trading revenue in the gros amount of consideration to which

the Group expects to be entitled as specified in the contracts.

During the year ended 31 March 2025, the Group recognised

revenue relating to sales of products amounted to aproximately

HK$25,286,000 (2024: nil).

Key sources of estimation uncertainty

The folowings are the key asumptions concerning the future,

and other key sources of estimation uncertainty at the end of

the reporting period that may have a significant risk of causing

a material adjustment to the carying amounts of asets and

liabilities within the next financial year.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司141

4. 关键会计判断及估计不确定因

素之主要来源（续）

按摊销成本计量之金融资产之预期

信贷亏损拨备

对于按摊销成本计量之具有重大结余

的贸易应收账款、分类为信贷减值的贸

易应收账款以及所有其他金融资产，单

独评估其预期信贷亏损。

此外，本集团使用实际权益法估计并非

单独使用拨备矩阵评估的贸易应收账款

的预期信贷亏损。拨备率按一组不同债

务人的债务人账龄并经考虑本集团过往

违约率以及合理及具理据而毋须付出过

多成本或努力即可获得的前瞻性资料而

厘定。在每个报告期末，本集团会重新

评估过往观察到的违约率，并考虑前瞻

性资料变动。

就以摊销成本计量的其他金融资产而

言，管理层根据历史结算记录、过往经

验以及属合理且支持前瞻性资料的定量

及定性资料，定期单独评估该等金融资

产的可收回性。

预期信贷亏损拨备对估计变动尤为敏

感。有关预期信贷亏损的资料于综合财

务报表附注42披露。

按公平价值计入损益之金融资产之估

值

于二零二五年三月三十一日，本集

团按公平价值计入损益之金融资产

约为240,934,000港元（二零二四年：

240,994,000港元）。本集团指定为按公平

价值计入损益之金融资产的非上市投资

乃采用具有类似条款及风险特征项目所

适用的现行利率折现的预期未来现金流

量估值。估值要求管理层对预期未来现

金流量、信贷风险、波幅及贴现率作出

估计，因此存在不确定性。与该等因素

有关的假设变动可能会造成该等工具公

平价值的重大调整。有关进一步披露，

见附注41。

4. CRITICAL ACOUNTING JUDGMENTS AND

KEY SOURCES OF ESTIMATION UNCERTAINTY

(Continued)

Provision of ECL for financial asets measured at

amortised cost

Trade receivables with significant balances, trade receivables

clasified as credit-impaired and al other financial asets

measured at amortised cost are asesed for ECL individualy.

In adition, the Group uses practical expedient in estimating ECL

on trade receivables which are not asesed individualy using

a provision matrix. The provision rates are based on aging of

debtors as groupings of various debtors taking into consideration

the Group’s historical default rates and forward-loking

information that is reasonable and suportable available without

undue costs or efort. At the end of each reporting period, the

historical observed default rates are reasesed and changes in

the forward-loking information are considered.

For other financial asets measured at amortised cost, the

management makes periodic individual asesment on the

recoverability of these financial asets based on historical

setlement records, past experience, and also quantitative and

qualitative information that is reasonable and suportive forward-

loking information.

The provision of ECL is sensitive to changes in estimates.

The information about the ECL are disclosed in note 42 to the

consolidated financial statements.

Valuation of financial asets at FVTPL

As at 31 March 2025, the Group’s financial asets at

FVTPL amounting to aproximately HK$240,934,000 (2024:

HK$240,994,000). The unlisted investments of the Group

designated as financial asets at FVTPL have ben valued using

the expected future cash flows discounted at curent rates

aplicable for items with similar terms and risk characteristics.

The valuation requires the management to make estimates about

expected future cash flows, credit risk, volatility and discount

rates, and hence they are subject to uncertainty. Changes in

asumptions relating to these factors could result in material

adjustments to the fair value of these instruments. Se note 41

for further disclosures.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

142China Briliant Global Limited I Anual Report 2024/25

4. 关键会计判断及估计不确定因

素之主要来源（续）

业务合并的或然代价

本集团的业务收购涉及基于或然代价的

收购后业绩。本集团按照香港财务报告

准则第3号的规定确认截至收购日期作

为交换被收购附属公司而转让的代价的

一部分的收购或然代价的公平价值。公

平价值计量须（其中包括）对被收购附属

公司收购后的业绩及将向卖方发行的代

价股份的预期公平价值进行重大估算，

并对货币的时间价值做出重要判断。或

然代价应按收购日期后出现的事件或因

素所产生的公平价值重新计量，由此产

生的任何损益根据香港财务报告准则第

3号于综合全面收益表中确认。进一步

详情载于综合财务报表附注30。

或然代价反映被收购附属公司收购后财

务盈利能力的特定倍数。因此，实际应

付的额外代价可能会根据被收购附属公

司的未来业绩而变化，负债拨备反映对

未来业绩的估计。进一步详情载于综合

财务报表附注30。

5. 经营分部资料

本集团根据执行董事，即主要营运决策

人（「主要营运决策人」）审阅的报告厘定

其经营分部，以监察分部表现及于分部

间作资源分配，用于作出策略性决定。

于截至二零二五年三月三十一日止年度，

本集团设有四个可报告分部（二零二四

年：四个）。可报告分部乃根据管理层用

以作出决策的有关本集团营运的资料划

分。

4. CRITICAL ACOUNTING JUDGMENTS AND

KEY SOURCES OF ESTIMATION UNCERTAINTY

(Continued)

Contingent consideration for busines combination

The Group’s busines acquisition has involved post-acquisition

performance based on contingent consideration. The Group

folows the requirement of HKFRS 3 to recognise the fair value of

the contingent consideration for acquisition, as of the acquisition

date as part of the consideration transfered in exchange for

the acquired subsidiary. The fair value measurement requires,

among other things, significant estimation of post-acquisition

performance of the acquired subsidiary and expected fair value

of the consideration share to be isued to the vendor, and

significant judgment about the time value of money. Contingent

consideration shal be remeasured at their fair value resulting

from events or factors emerging after the acquisition date,

with any resulting gain or los recognised in the consolidated

statement of comprehensive income in acordance with HKFRS

3. Further details are contained in note 30 to the consolidated

financial statements.

The contingent consideration reflects a specified multiple of the

post-acquisition financial profitability of the acquired subsidiary.

Consequently, the actual aditional consideration payable

may vary acording to the future performance of the acquired

subsidiary, and the liabilities provided reflect estimates of such

future performances. Further details are contained in note 30 to

the consolidated financial statements.

5. OPERATING SEGMENT INFORMATION

The Group determines its operating segments based on the

reports reviewed by the executive directors, being the chief

operating decision makers (the “CODM”), for the purpose of

monitoring segment performance and alocating resources

betwen segments that are used to make strategic decisions.

The Group has four reportable segments during the year ended

31 March 2025 (2024: four). The reportable segments are based

on the information about the operations of the Group that

management uses to make decisions.

60,967	774	20,345	25,286	107,372
3,910	708	15,287	202	20,107
				23
				(7,096)
				(497)
				12,537

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司143

（续）

本集团的可报告分部乃经营不同活动之

策略性业务单位。由于各项业务有不同

市场及需要不同的市场推广策略，故该

等分部获个别管理。本集团就持续经营

业务及已终止经营业务的可报告分部详

情概述如下：

持续经营业务

黄金及珠宝业务 — 珠宝批发及零售及

5. OPERATING SEGMENT INFORMATION

(Continued)

The Group’s reportable segments are strategic busines units

that operate diferent activities. They are managed separately

because each busines has diferent markets and requires

diferent marketing strategies. Particulars of the Group’s

reportable segments for continuing and discontinued operations

are sumarised as folows:

Continuing operations

Gold and jewelery busines — wholesale and retail of jewelery

and related ancilary busines

Lending busines — provision of loans as money lending

Property management services busines — provides building

management and other related services

Trading busines — trading of technology products, property

management-related products, other products (new busines

launched during the year ended 31 March 2025)

Discontinued operation

Fintech busines — conduct regulated banking activities

(discontinued in October 2023)

For the year ended 31 March 2025

截至二零二五年

三月三十一日止年度

Gold and

jewelery

busines

Lending

busines

Property

management

services

busines

Trading

businesTotal

黄金及珠宝

业务借贷业务

物业管理服务

业务买卖业务总计

HK$’000HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元千港元

Continuing operations持续经营业务

REVENUE收益

RESULTS业绩

Segment results分部业绩

Unalocated income未分配收入

Unalocated expenses未分配开支

Finance costs财务费用

Profit before tax除税前溢利

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

144China Briliant Global Limited I Anual Report 2024/25

（续）

经营分部的重大会计政策与本集团综合

财务报表附注3所述之会计政策一致。

分部溢利╱（亏损）指各分部所赚取之溢

利╱（产生之亏损），当中并未分配中央

行政成本、若干其他收益及亏损净额、

财务费用及未计入分部业绩之若干根据

预期信贷亏损模式确认之减值亏损拨

回╱确认减值亏损净额。此乃为分配资

源及评估表现而向本集团管理层汇报之

基准。

5. OPERATING SEGMENT INFORMATION

(Continued)

For the year ended 31 March 2024

截至二零二四年

三月三十一日止年度

Gold and

jewelery

busines

Lending

busines

Property

management

services businesTotal

黄金及珠宝

业务借贷业务

物业管理服务

业务总计

HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元

Continuing operations持续经营业务

REVENUE收益71,8102,46116,98391,254

RESULTS业绩

Segment results分部业绩(2,827)(1,732)11,7067,147

Unalocated income未分配收入1

Unalocated expenses未分配开支(58,201)

Finance costs财务费用(484)

Los before tax除税前亏损(51,537)

The acounting policies of the operating segments are the same

as the Group’s material acounting policies described in note 3

to the consolidated financial statements. Segment profit/(los)

represents the profit earned/(los sufered) from each segment

without alocation of central administrative costs, certain other

gains and loses, net, finance costs and certain impairment

loses reversed/recognised under expected credit loses model,

net which not included in segment results. This is the measure

reported to the Group’s management for the purposes of

resource alocation and performance asesment.

13,448
1,555
24,824
25,286
65,113
323,755
388,868
2,851
—
1,921
25,084
29,856
24,946
54,802

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司145

（续）

按经营分部划分之本集团资产及负债分

析如下：

为监察分部表现及于各分部间分配资

源：

• 除按公平价值计入损益之金融资

产、应收前联营公司之款项、若干

应收关联公司款项、若干物业、厂

房及设备、使用权资产、预付款

项、订金及其他应收款项以及各自

总部持有之现金及现金等值物外，

所有资产均分配至经营分部；及

租赁负债、若干应付关联公司款项

及应付董事款项外，所有负债均

分配至经营分部。

5. OPERATING SEGMENT INFORMATION

(Continued)

The folowing is an analysis of the Group’s asets and liabilities

by operating segment:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

SEGMENT ASETS分部资产

Gold and jewelery busines黄金及珠宝业务11,768

Lending busines借贷业务11,576

Property management services busines物业管理服务业务13,491

Trading busines买卖业务—

Segment asets分部资产36,835

Unalocated asets未分配资产328,357

Total asets资产总额365,192

SEGMENT LIABILITIES分部负债

Gold and jewelery busines黄金及珠宝业务4,938

Lending busines借贷业务10,275

Property management services busines物业管理服务业务3,294

Trading busines买卖业务—

Segment liabilities分部负债18,507

Unalocated liabilities未分配负债22,593

Total liabilities负债总额41,100

For the purposes of monitoring segment performances and

alocating resources betwen segments:

financial asets at fair value through profit or los, amount

due from a former asociate, certain amounts due from

related companies, certain property, plant and equipment,

right-of-use asets, prepayment, deposits and other

receivables and cash and cash equivalents held by the

respective head ofices; and

• al liabilities are alocated to operating segments except

certain other payables and acruals, lease liabilities, certain

amounts due to related companies and amounts due to

directors.

89,585 1,669
81,312		713
26,060		593
91,254
107,372		1,306

25,666
25,286

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

146China Briliant Global Limited I Anual Report 2024/25

（续）

地域资料

有关本集团来自外部客户之收益资料乃

以客户之地理位置呈列，而有关本集团

金融资产及预付款项除外之非流动资产

资料乃以资产之地理位置呈列，详情如

下：

附注：非流动资产不包括按公平价值计入损

益之金融资产及商誉。

有关主要客户之资料

占本集团于相应年度总收益逾10%之客

户收益如下：

来自黄金及珠宝业务的收益

来自买卖业务的收益

相应收益并未占本集团总收益的10%以

上。

除上文所披露者外，概无其他客户于本

集团于两个年度之收益中占10%或以上

之比重。

5. OPERATING SEGMENT INFORMATION

(Continued)

Geographical information

Information about the Group’s revenue from external customers,

presented based on geographical location of the customers,

and information about the Group’s non-curent asets other

than financial asets and prepayment, presented based on

geographical location of the asets are detailed below:

Revenue of

external customers from

continuing operationsNon-curent asets (Note)

来自持续经营业务的

外部客户之收益非流动资产（附注）

二零二五年二零二四年二零二五年二零二四年

HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元

The PRC中国840

Hong Kong香港661

Total总计1,501

Note: Non-curent asets exclude financial asets at FVTPL and godwil.

Information about major customers

Revenue from customers of the coresponding years contributing

over 10% of the total revenue of the Group is as folows:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Customer A

客户A

59,606

Customer B

客户B

N/A 不适用

Revenue from gold and jewelery busines

Revenue from trading busines

The coresponding revenue did not contribute over 10% of the total

revenue of the Group.

Except disclosed above, no other customers contributed 10% or

more to the Group’s revenue for both years.

—	—	109	—	—	109
1	—	203	—	41	245
—	—	—	—	77	77
—	—	—	—	60	60
(100)	—	—	—	—	(100)
(3,175)	—	—	—	730	(2,445)
—	—	260	—	—	260
(18)	(10)	(47)	—	(3)	(78)
—	—	—	—	497	497

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司147

（续）

其他分部资料

截至二零二五年三月三十一日止年度

5. OPERATING SEGMENT INFORMATION

(Continued)

Other segment information

For the year ended 31 March 2025

Gold and

jewelery

busines

Lending

busines

Property

management

service

busines

Trading

businesUnalocatedConsolidation

黄金及珠宝

业务借贷业务

物业管理服务

业务买卖业务未分配合计

HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元千港元千港元

Amounts included in the measure of segment

profit or los or segment asets:

包括于分部损益或分部

资产计量的金额：

Amortisation of intangible asets无形资产摊销

Depreciation of property, plant and equipment物业、厂房及设备之

折旧

Depreciation of right-of-use asets使用权资产之折旧

Los arising on fair value change of financial asets

at FVTPL

按公平价值计入损益之

金融资产公平价值变动

产生之亏损

Gain arising on fair value change of contingent

consideration payable

应付或然代价公平价值

变动产生之收益

Impairment loses (reversed)/recognised under

expected credit los model, net

根据预期信贷亏损模式之

（减值亏损拨回）╱确认

减值亏损，净额

Aditions to non-curent asets (note)添置非流动资产（附注）

Amounts regularly provided to the CODM but

not included in the measure of segment

profit or los or segment asets:

定期提供予主要营运

决策人但不计入分部

损益或分部资产计量

的金额：

Bank interest income银行利息收入

Finance costs财务费用

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

148China Briliant Global Limited I Anual Report 2024/25

（续）

其他分部资料（续）

截至二零二四年三月三十一日止年度

附注：非流动资产包括物业、厂房及设备、使

用权资产以及无形资产。

5. OPERATING SEGMENT INFORMATION

(Continued)

Other segment information (Continued)

For the year ended 31 March 2024

Gold and

jewelery

busines

Lending

busines

Property

management

service businesUnalocatedConsolidation

黄金及珠宝

业务借贷业务

物业管理服务

业务未分配合计

HK$’000HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元千港元

Amounts included in the measure of

segment profit or los or segment

asets:

包括于分部损益或分部

资产计量的金额：

Amortisation of intangible asets无形资产摊销—113—113

Depreciation of property, plant and

equipment

物业、厂房及设备之

折旧3—153209365

Depreciation of right-of-use asets使用权资产之折旧—922922

Los arising on fair value change of financial

liabilities at FVTPL

按公平价值计入损益之

金融负债公平价值变动

产生之亏损—8,6888,688

Impairment loses recognised under

expected credit los model, net

根据预期信贷亏损模式

确认之减值亏损，净额3,2083,01315717,42523,803

Aditions to non-curent asets (note)添置非流动资产（附注）—40—40

Amounts regularly provided to the

CODM but not included in the

measure of segment profit or los or

segment asets:

定期提供予主要营运

决策人但不计入分部

损益或分部资产计量

的金额：

Bank interest income银行利息收入(26)(40)(12)(1)(79)

Finance costs财务费用—484484

Note: Non-curent asets included property, plant and equipment, right-of-

use asets and intangible asets.

60,470
497
25,286
86,253
17,828
1,110
18,938
105,191
774
1,407
107,372

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司149

6. 收益

分配至客户合约的剩余履约责任的交

易

本集团已将香港财务报告准则第15号第

121段中的实务权宜法应用于销售合约，

本集团并未披露有关本集团在履行最初

的预期持续时间为一年或更短的销售合

约项下的剩余履约责任时将有权获得的

收益的资料。

6. REVENUE

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Continuing operations持续经营业务

Revenue from contract with customers

with HKFRS 15

根据香港财务报告准则

第15号之客户合约收益

Recognised at a point in time于某个时间点确认

Trading of gold and jewelery products黄金及珠宝产品买卖71,810

Comision income佣金收入792

Trading of products产品买卖—

72,602

Recognised over time随时间确认

Property management services物业管理服务15,062

Value-aded services增值服务468

15,530

Revenue from contracts with customers来自客户合约之收益88,132

Revenue from other source:源自其他来源的收益：

Loan interest income贷款利息收入1,669

Lease payments that are fixed for carparking

operation

停车场营运固定租赁付款

1,453

Total revenue总收益91,254

Transaction alocated to the remaining performance

obligation for contracts with customers

The Group has aplied the practical expedient in paragraph

121 of HKFRS 15 to its sales contract that the Group does not

disclose information about revenue that the Group wil be entitled

to when it satisfies the remaining performance obligations under

the sales contract that had an original expected duration of one

year or les.

78
(2)
100
—
—
(60)
227
343

1
496
497

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

150China Briliant Global Limited I Anual Report 2024/25

7. OTHER GAINS AND LOSES, NET

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Continuing operations持续经营业务

Bank interest income银行利息收入79

Exchange loses, net汇兑亏损净额(19)

Gain arising on fair value change of contingent

consideration payable

应付或然代价公平价值变

动产生之收益—

Gain on disposal of interest in an asociate出售联营公司权益的收益10

Los arising on fair value change of financial

liabilities at FVTPL

按公平价值计入损益之

金融负债公平

价值变动产生之亏损(8,688)

Los arising on fair value change of financial

asets at FVTPL

按公平价值计入损益之金

融资产公平价值变动产

生之亏损—

Sundry income杂项收入129

(8,489)

8. FINANCE COSTS

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Continuing operations持续经营业务

Interest on lease liabilities租赁负债利息48

Interest on amount due to a director应付一名董事款项的利息436

7. 其他收益及亏损净额

8. 财务费用

109
86,006
245
77
—
730
(3,175)
—
(2,445)
181
—
780
60
6,816
—
—
371
7,187

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司151

╱（亏损）

本集团除税前溢利╱（亏损）经（计入）╱

扣除下列各项后达致：

9. PROFIT/(LOS) BEFORE TAX

The Group’s profit/(los) before tax is arived at after (crediting)/

charging:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Continuing operations持续经营业务

Amortisation of intangible asets无形资产之摊销1,827

Cost of inventories sold售出存货成本71,287

Depreciation of property, plant and equipment物业、厂房及设备之折旧475

Depreciation of right-of-use asets使用权资产之折旧922

Impairment loses (reversed)/recognised under

expected credit loses model, net

根据预期信贷亏损模式之

（减值亏损拨回）╱确认

减值亏损，净额

— amount due from a former asociate— 应收前联营公司款项3,659

— amounts due from related companies— 应收关联公司款项17,189

— trade receivables— 贸易应收账款3,067

— loan receivables— 应收贷款(112)

23,803

Expenses relating to short-term leases短期租赁相关之开支184

Expenses relating to low value asets低价值资产相关之开支18

Auditor’s remuneration:核数师酬金：

— audit services— 审计服务1,006

— non-audit services— 非审计服务814

Employe benefits expense (including directors’

remuneration):

雇员福利开支

（包括董事酬金）：

— Wages, salaries, alowances and benefits

in kind

— 工资、薪金、津贴及

实物利益7,917

— Discretionary bonus— 酌情花红164

— Employes share award scheme— 雇员股份奖励计划20,503

— Retirement benefit schemes contributions— 退休金计划供款537

29,121

2,318

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

152China Briliant Global Limited I Anual Report 2024/25

10. 所得税开支

于二零一八年三月二十一日，香港立法

会通过二零一七年税务（修订）（第7号）条

例草案（「条例草案」），以引入利得税两级

制。条例草案于二零一八年三月二十八日

签署成为法律，并于翌日在宪报刊登。

根据利得税两级制，合资格之集团实体

首2百万港元溢利之税率将为8.25%，而

超过2百万港元溢利之税率为16.5%。未

符合香港利得税两级制之集团实体溢利

继续以划一税率16.5%课税。

因此，自本年度起，合资格集团实体估

计应课税溢利的首2百万港元按8.25%计

算香港利得税，而超过2百万港元的估计

应课税溢利按16.5%计算香港利得税。

根据中国《企业所得税法》（「企业所得税

法」）及企业所得税法实施细则，中国附

属公司两个年度之税率为25%。

由于本集团于截至二零二五年三月三十一

日止年度并无在香港产生应课税溢利，

而本集团截至二零二四年三月三十一日

止年度的应课税溢利被税务局提供的香

港利得税项一次性减免所抵销，故并

无就该两个年度的香港利得税计提拨

备。

10. INCOME TAX EXPENSE

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Continuing operations持续经营业务

PRC Enterprise Income Tax中国企业所得税

— Curent year— 本年度3,053

On 21 March 2018, the Hong Kong Legislative Council pased

The Inland Revenue (Amendment) (No. 7) Bil 2017 (the “Bil”)

which introduces the two-tiered profits tax rates regime. The

Bil was signed into law on 28 March 2018 and was gazeted on

the folowing day. Under the two-tiered profits tax rates regime,

the first HK$2 milion of profits of the qualifying group entity wil

be taxed at 8.25%, and profits above HK$2 milion are taxed

at 16.5%. The profits of group entities not qualifying for the

two-tiered profits tax rates regime of Hong Kong Profits Tax are

continue to be taxed at a flat rate of 16.5%.

Acordingly, starting from curent year, the Hong Kong Profits

Tax is calculated at 8.25% on the first HK$2 milion of the

estimated asesable profits of qualifying group entity and 16.5%

on the estimated asesable profits above HK$2 milion.

Under the Law of the PRC on Enterprise Income Tax (the “EIT

Law”) and Implementation Regulation of the EIT Law, the tax rate

of the PRC subsidiaries is 25% for both years.

No provision for Hong Kong Profits Tax has ben made for

both years as the Group has no asesable profits arising in

Hong Kong for the year ended 31 March 2025 and the Group’s

asesable profit were ofset by one-of tax reduction of Hong

Kong Profits Tax provided by Inland Revenue Department for the

year ended 31 March 2024.

12,537
3,682
(2,362)
86
1,022
(110)
2,318

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司153

（续）

截至二零二五年及二零二四年三月三十一

日止年度，本公司一间于中国注册成立

的附属公司符合小型微利企业资格，小

型微利企业年度应课税收入金额中不超

过人民币1百万元的部分将按25%的扣减

比率计算应课税收入金额，并须按20%

的税率缴纳企业所得税，而年度应课税

收入金额中超过人民币1百万元但不超

过人民币3百万元的部分将按50%的扣减

比率计算应课税收入金额，并须按20%

的税率缴纳企业所得税。

本年度之所得税开支与综合损益及其他

全面收益表之除税前溢利╱（亏损）对账

如下：

本集团厘定该等税项亏损及其他可予扣

减暂时差额不大可能在可见将来使用。

于二零二五年三月三十一日，未获确认

之估计未使用税项亏损约为26,279,000

港元（二零二四年：21,017,000港元）。除

中国产生之税项亏损约0港元（二零二四

年：437,000港元）外，未确认税项亏损

可无限结转，而该等亏损将于五年内

届满，可抵销未来应课税溢利。

10. INCOME TAX EXPENSE (Continued)

During the years ended 31 March 2025 and 2024, one of the

Company’s subsidiary incorporated in the PRC was qualified

as Smal Low-Profit Enterprises, the portion of anual taxable

income amount of a smal low-profit enterprise which does not

exced RMB1 milion shal be computed at a reduced rate of

25% as taxable income amount, and be subject to enterprise

income tax at 20% tax rate; the portion of anual taxable income

amount which exceds RMB1 milion but does not exced

RMB3 milion shal be computed at a reduced rate of 50% as

taxable income amount, and be subject to enterprise income tax

at 20% tax rate.

The income tax expense for the year can be reconciled to the

profit/(los) before tax per the consolidated statement of profit or

los and other comprehensive income as folows:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Continuing operations持续经营业务

Profit/(los) before tax除税前溢利╱（亏损）(51,537)

Tax at domestic income tax rates按国内所得税率计算之

税项(7,703)

Tax efect of income not taxable for tax purpose毋须课税收入之税务影响(7)

Tax efect of expense not deductible for tax

purpose

不可扣税开支之税务影响

9,555

Tax efect of estimated tax loses not recognised未确认估计税项亏损之

税务影响1,509

Utilisation of estimated tax los previous not

recognised

动用先前未确认的

估计税项亏损(301)

Income tax expense for the year年度所得税开支3,053

The Group determined that it was not probable that the tax

loses and other deductible temporary diferences of the Group

could be utilised in foreseable future. As at 31 March 2025,

the estimated unused tax loses not recognised amounted

of aproximately HK$26,279,000 (2024: HK$21,017,000). The

unrecognised tax loses could be caried forward indefinitely

except for the tax loses arising in the PRC to of aproximately

HK$Nil (2024: HK$437,000) that wil expire within five years for

ofseting against future taxable profits.

—	360	—	18	378
—	155	170	9	334
—	515	170	27	712

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

154China Briliant Global Limited I Anual Report 2024/25

11. DIRECTORS’ REMUNERATION

The remuneration of directors was set out below:

(a) Executive directors:

Salaries,

alowances and

benefits in kind

Discretionary

bonus

Retirement

benefit schemes

contributionsTotal

袍金

薪金、津贴及

实物利益酌情花红退休金计划供款总计

HK$’000HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元千港元

Year ended 31 March 2025截至二零二五年三月

三十一日止年度

Mr. Zhang (Chairman)张先生（主席）

Ms. Zhang 张女士

Salaries,

alowances and

benefits in kind

Discretionary

bonus

Retirement

benefit schemes

contributionsTotal

袍金

薪金、津贴及

实物利益酌情花红退休金计划供款总计

HK$’000HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元千港元

Year ended 31 March 2024截至二零二四年三月

三十一日止年度

Mr. Zhang (Chairman)张先生（主席）—3609918477

Ms. Zhang 张女士—1573139479

Ms. Chung, Elizabeth Ching Ye

(“Ms. Chung”) (resigned on

1 October 2023)

钟静仪女士（「钟女士」）

（于二零二三年

十月一日辞任）—600—9609

—1,117412361,565

11. 董事酬金

董事酬金载列如下：

(a) 执行董事：

120	—	—	120
120	—	—	120
120	—	—	120
360	—	—	360

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司155

（续）

(b) 独立非执行董事：

11. DIRECTORS’ REMUNERATION (Continued)

(b) Independent non-executive directors:

Salaries,

alowances and

benefits in kind

Retirement

benefit schemes

contributionsTotal

袍金

薪金、津贴及

实物利益退休金计划供款总计

HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元

Year ended 31 March 2025截至二零二五年

三月三十一日止年度

Ms. Chan Mei Yan, Hidy陈美恩女士

Ms. Huang Jingshu黄敬舒女士

Mr. Peng Yin彭银先生

Salaries,

alowances and

benefits in kind

Retirement

benefit schemes

contributionsTotal

袍金

薪金、津贴及

实物利益退休金计划供款总计

HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元

Year ended 31 March 2024截至二零二四年

三月三十一日止年度

Ms. Chan Mei Yan, Hidy陈美恩女士150—150

Mr. Zhang Weidong (resigned on

1 October 2023)

张卫东先生（于二零二三年

十月一日辞任）180—180

Ms. Le Kwun Ling, May Jean (resigned on

1 October 2023)

李筠翎女士（于二零二三年

十月一日辞任）90—90

Ms. Huang Jingshu (apointed on

1 October 2023)

黄敬舒女士（于二零二三年

十月一日获委任）60—60

Mr. Peng Yin (apointed on

1 October 2023)

彭银先生（于二零二三年

十月一日获委任）60—60

540—540

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

156China Briliant Global Limited I Anual Report 2024/25

（续）

张女士为本集团之主要行政人员，且彼

于上文披露之酬金包括彼作为主要行政

人员提供服务所收取之酬金。

上文所示执行董事的酬金乃就彼等管理

本公司及本集团事务的服务而支付。

上文所示独立非执行董事的酬金乃就彼

等担任董事所提供的服务而支付。

本集团于两个年度均无向董事支付酬

金，以作为吸引彼等加入本集团或于加

入本集团后之奖励或作为离职补偿。概

无董事放弃或同意放弃任何酬金。

除于综合财务报表附注38披露外，本公

司、其最终控股公司或其最终控股公司

之任何附属公司概无订立任何董事于其

中拥有直接或间接重大权益而于年末或

于本年度内之任何时间仍然有效之重要

交易、安排或合约。

11. DIRECTORS’ REMUNERATION (Continued)

Ms. Zhang is the chief executive of the Group and her

emoluments disclosed above include those for services rendered

by her as the chief executive.

The executive directors’ emoluments shown above were for their

services in conection with the management of the afairs of the

Company and the Group.

The independent non-executive directors’ emoluments shown

above were for their services as the directors.

No emoluments were paid by the Group to the directors

as an inducement to join or upon joining the Group or as

compensation for los of ofice for both years. None of the

directors have waived or agred to waive any emoluments for

both years.

Except as disclosed in note 38 to the consolidated financial

statements, no other transactions, arangements or contracts of

significance to which the Company, its ultimate holding company

or any subsidiaries of its ultimate holding company was a party

and in which a director had a material interest, whether directly

or indirectly, subsisted at the end of the year or at any time

during the year.

3,053
—
38
80
3,171

3
2
—
—
—
—
5

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司157

12. 五名最高薪雇员

年内五名最高薪雇员并非本公司截至二

零二五年及二零二四年三月三十一日止

年度的董事，董事酬金详情已于综合财

务报表附注11载述。年内五名（二零二四

年：五名）非本公司董事或主要行政人员

的最高薪雇员（包括持续经营及已终止

经营业务）之酬金详情如下：

酬金属于以下组别之非董事的最高薪雇

员人数如下：

本集团于两个年度均无向上述人士支付

酬金，以作为吸引彼等加入本集团或于

加入本集团后之奖励或作为离职补偿。

概无上述人士放弃或同意放弃任何酬

金。

12. FIVE HIGHEST PAID EMPLOYES

The five highest paid employes were not directors of the

Company during the year ended 31 March 2025 and 2024.

Details of the directors’ remuneration are set out in note 11 to the

consolidated financial statements. Details of the remuneration for

the year of the five (2024: five) highest paid employes (including

continuing and discontinued operations) who are neither a

director nor chief executive of the Company are as folows:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Salaries, alowances and benefits in kind薪金、津贴及实物利益427

Employes share award scheme雇员股份奖励计划17,574

Discretionary bonus酌情花红43

Retirement benefit schemes contributions退休金计划供款43

18,087

The number of the highest paid employes who are not the

directors whose remuneration fel within the folowing bands is as

folows:

Number of employes

雇员人数

二零二五年二零二四年

Nil to HK$1,000,000零至1,000,000港元—

HK$1,000,001 to HK$1,500,0001,000,001港元至1,500,000港元—

HK$1,500,001 to HK$2,000,0001,500,001港元至2,000,000港元—

HK$2,000,001 to HK$2,500,0002,000,001港元至2,500,000港元—

HK$2,500,001 to HK$3,000,0002,500,001港元至3,000,000港元3

Over HK$3,000,001超过3,000,001港元2

No emoluments were paid by the Group to the above individuals

as an inducement to join or upon joining the Group or as

compensation for los of ofice for both years. None of the above

individuals have waived or agred to waive any emoluments for

both years.

10,068

1,462,339
8,744
15,399
1,486,482

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

158China Briliant Global Limited I Anual Report 2024/25

13. 股息

截至二零二五年三月三十一日止年度，

本公司概无派付或建议派付股息（二零

二四年：无），于报告期末后董事会亦无

建议派付任何股息。

╱（亏损）

来自持续及已终止经营业务

本公司拥有人应占来自持续及已终止经

营业务每股基本及摊薄盈利╱（亏损）乃

根据以下数据计算：

由于本公司未行使购股权对截至二零

二四年三月三十一日止年度之每股基本

亏损之计算有反摊薄影响，故于计算每

股摊薄亏损时未假设上述潜在普通股

之行使。因此，每股摊薄亏损与每股基

本亏损相若。

13. DIVIDENDS

No dividends was paid or proposed to pay by the Company

during the year ended 31 March 2025 (2024: nil), nor has any

dividend ben proposed by the board of directors subsequent to

the end of the reporting period.

14. EARNINGS/(LOS) PER SHARE

From continuing and discontinued operations

The calculation of the basic and diluted earnings/(los) per share

from continuing and discontinued operations atributable to

owners of the Company is based on the folowing data:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Earnings/(los) 盈利╱（亏损）

Profit/(los) for the purpose of basic and

diluted earnings/(los) per share for the year

atributable to owners of the Company

用于计算本公司拥有人

应占年内每股基本及

摊薄盈利╱（亏损）之

溢利╱（亏损）(68,926)

二零二五年二零二四年

’000’000

千股千股

Number of shares股份数目

Weighted average number of ordinary shares

for the purpose basic earnings/(los)

per share

用于计算每股基本

盈利╱（亏损）之加权

平均普通股数目1,457,239

Adjustments for calculation of diluted

earnings/(los) per share:

计算每股摊薄盈利╱

（亏损）之调整：

— Share award scheme— 股份奖励计划—

— Contingent consideration payable — 应付或然代价—

Weight average number of ordinary shares for

the purpose diluted earnings/(los) per share

用于计算每股摊薄盈利╱

（亏损）之加权平均

普通股数目1,457,239

As the Company’s outstanding share options had an anti-dilutive

efect to the basic los per share calculation for the year ended

31 March 2024, the exercise of the above potential ordinary

shares is not asumed in the calculation of diluted los per share.

Therefore, the diluted los per share is same as basic los per

share.

10,068

(14,336)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司159

╱（亏损）（续）

来自持续经营业务

本公司拥有人应占持续经营业务的每股

基本及摊薄盈利╱（亏损）乃根据以下数

据计算：

就计算来自持续经营及已终止经营业务

之每股基本及摊薄亏损而言，所用之普

通股加权平均数与上文所详述者相同。

来自已终止经营业务

本公司拥有人应占已终止经营业务的每

股基本及摊薄亏损乃根据以下数据计

算：

就计算来自持续经营及已终止经营业务

之每股基本及摊薄亏损而言，所用之普

通股加权平均数与上文所详述者相同。

14. EARNINGS/(LOS) PER SHARE (Continued)

From continuing operations

The calculation of basic and diluted earnings/(los) per share

from continuing operations atributable to owners of the

Company is based on the folowing data:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Earnings/(los)盈利╱（亏损）

Profit/(los) for the purpose of basic and diluted

earnings/(los) per share for the year from

continuing operations atributable to owners

of the Company

用于计算本公司拥有人应

占持续经营业务年内每

股基本及摊薄盈利╱（亏

损）之溢利╱（亏损）(54,590)

The weighted average number of ordinary shares used herein

are same as those detailed above for the purpose of basic

and diluted los per share from continuing and discontinued

operations respectively.

From discontinued operation

The calculation of basic and diluted los per share from

discontinued operation atributable to owners of the Company

are based on the folowing data:

Period from

1 April

2024 to

respective

date of

the disposal

自二零二四年

四月一日至

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

160China Briliant Global Limited I Anual Report 2024/25

、厂房及设备15. PROPERTY, PLANT AND EQUIPMENT

Leasehold

improvements

Ofice and

computer

equipment,

furniture and

fixtureMotor vehicleTotal

租赁物业装修

办公室及

电脑设备、

家私及装置车辆总计

HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元

Cost成本

As at 1 April 2023于二零二三年四月一日3,1772,4951885,860

Aditions添置4036—76

Disposal (note 48)出售（附注48）(380)(361)(188)(929)

Exchange alignment汇兑调整(40)(14)—(54)

As at 31 March 2024 and

1 April 2024

于二零二四年三月三十一日及

二零二四年四月一日2,7972,156—4,953

Aditions添置260—260

Exchange alignment汇兑调整(14)(14)—(28)

As at 31 March 2025于二零二五年三月三十一日3,0432,142—5,185

Acumulated depreciation and

impairment

累计折旧及减值

As at 1 April 2023于二零二三年四月一日2,1352,208224,365

Charged for the year年内扣除3639319475

Disposal (note 48)出售（附注48）(235)(178)(41)(454)

Exchange alignment汇兑调整(8)(10)—(18)

As at 31 March 2024 and

1 April 2024

于二零二四年三月三十一日及

二零二四年四月一日2,2552,113—4,368

Charged for the year年内扣除20342—245

Exchange alignment汇兑调整(7)(14)—(21)

As at 31 March 2025于二零二五年三月三十一日2,4512,141—4,592

Carying amounts账面值

As at 31 March 2025于二零二五年三月三十一日5921—593

As at 31 March 2024于二零二四年三月三十一日54243—585

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司161

16. 使用权资产

本集团无权在租期结束时以名义金额购

买使用权资产。

16. RIGHT-OF-USE ASETS

Leased

properties

租赁物业

HK$’000

千港元

Cost成本

As at 1 April 2023, 31 March 2024, 1 April 2024

and 31 March 2025

于二零二三年四月一日、

二零二四年三月三十一日、

二零二四年四月一日及

二零二五年三月三十一日1,922

Acumulated depreciation and impairment累计折旧及减值

As at 1 April 2023于二零二三年四月一日923

Charge for the year年内扣除922

As at 31 March 2024 and as at 1 April 2024于二零二四年三月三十一日及

二零二四年四月一日1,845

Charge for the year年内扣除77

As at 31 March 2025于二零二五年三月三十一日1,922

Carying amounts账面值

As at 31 March 2025于二零二五年三月三十一日—

As at 31 March 2024于二零二四年三月三十一日77

The Group does not have the option to purchase the right-of-use

asets for a nominal amount at the end of the lease terms.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

162China Briliant Global Limited I Anual Report 2024/25

（续）

附注：

，本集团就短

期租赁作出之承担约为148,000港元（二

零二四年：151,000港元）。

租赁现金流出总额约为66,000港元（二零

二四年：1,731,000港元）。

短期租赁开支及低价值资产开支分别约

为200,000港元（二零二四年：633,000港

元）及18,000港元（二零二四年：18,000港

元）。

截至二零二五年及二零二四年三月三十一

日止年度，本集团租赁不同办公室供其

营运。租赁合约按介乎一至两年的固定

期限订立。租期乃按个别基准磋商，包

含不同条款及条件。于厘定租期及评

估不可撤销期间的长度时，本集团应用

合约的定义并厘定合约可强制执行的期

间。

本集团定期为办公室及仓库订立短期

租赁。于二零二五年及二零二四年三月

三十一日，短期租赁组合类似于上文披

露的短期租赁开支的短期租赁组合。

16. RIGHT-OF-USE ASETS (Continued)

Notes:

1. As at 31 March 2025, the Group is comited to aproximately

HK$148,000 (2024: HK$151,000) for short-term leases.

2. The total cash outflow for leases amounted to aproximately

HK$66,000 (2024: HK$1,731,000) for the year ended 31 March 2025.

3. During the year ended 31 March 2025, the expenses relating

to short-term leases and low value asets are aproximately

HK$200,000 (2024: HK$633,000) and HK$18,000 (2024: HK$18,000),

respectively.

For the years ended 31 March 2025 and 2024, the Group leases

various ofices for its operations. Lease contracts are entered

into for fixed term of ranging from 1 to 2 years. Lease terms are

negotiated on an individual basis and contain diferent terms

and conditions. In determining the lease term and asesing

the length of the non-cancelable period, the Group aplies the

definition of a contract and determines the period for which the

contract is enforceable.

The Group regularly entered into short-term leases for ofices

and warehouse. As at 31 March 2025 and 2024, the portfolio of

short-term leases is similar to the portfolio of short-term leases to

which the short-term lease expense disclosed above.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司163

17. 无形资产

上述无形资产的可使用年期有限。该等

无形资产按直线法于5至10年内摊销。

17. INTANGIBLE ASETS

Software

and system

软件及系统

HK$’000

千港元

Cost成本

As at 1 April 2023于二零二三年四月一日18,349

Aditions添置467

Disposal of subsidiaries (note 48)出售附属公司（附注48）(17,673)

Exchange alignment汇兑调整(58)

As at 31 March 2024 and 1 April 2024于二零二四年三月三十一日及

二零二四年四月一日1,085

Exchange alignment汇兑调整(25)

As at 31 March 2025于二零二五年三月三十一日1,060

Acumulated amortisation累计摊销

As at 1 April 2023于二零二三年四月一日4,954

Amortised for the year年内摊销1,827

Disposal of subsidiaries (note 48)出售附属公司（附注48）(6,525)

Exchange alignment汇兑调整(10)

As at 31 March 2024 and 1 April 2024于二零二四年三月三十一日及

二零二四年四月一日246

Amortised for the year年内摊销109

Exchange alignment汇兑调整(8)

As at 31 March 2025于二零二五年三月三十一日347

Carying amounts账面值

As at 31 March 2025于二零二五年三月三十一日713

As at 31 March 2024于二零二四年三月三十一日839

The above intangible asets have finite useful lives. Such

intangible asets are amortised on a straight-line basis over 5 to

10 years.

1,823
994
2,914
5,731

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

164China Briliant Global Limited I Anual Report 2024/25

18. 商誉

于确认减值亏损前，商誉的账面值分配

至现金产生单位组别如下：

18. GODWIL

HK$’000

千港元

Cost成本

As at 1 April 2023, 31 March 2024 and

1 April 2024

于二零二三年四月一日、

二零二四年三月三十一日及

二零二四年四月一日3,908

Acquired through busines combinations

(note 46)

透过业务合并收购（附注46）

1,823

As at 31 March 2025于二零二五年三月三十一日5,731

Acumulated impairment loses累计减值亏损

As at 1 April 2023, 31 March 2024,

1 April 2024 and 31 March 2025

于二零二三年四月一日、

二零二四年三月三十一日、

二零二四年四月一日及

二零二五年三月三十一日3,908

Carying amounts账面值

As at 31 March 2025于二零二五年三月三十一日1,823

As at 31 March 2024于二零二四年三月三十一日—

Before recognition of impairment loses, the carying amounts of

godwil were alocated to groups of CGUs as folows:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Property management service busines物业管理服务业务—

Lending busines借贷业务994

Trading and retailing of gold and jewelery黄金及珠宝买卖及零售2,914

3,908

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司165

（续）

包含商誉之现金产生单位之减值测试

本集团每年对商誉进行减值测试，或倘

有迹象显示商誉可能已减值时，则更频

密测试减值。

收购之商誉已分配至以下之现金产生单

位以作减值测试用途：

— 物业管理服务业务

— 借贷业务

— 黄金及珠宝买卖及零售

物业管理服务业务

现金产生单位之可收回金额乃参考与本

集团并无关系的独立专业估值师国际评

估有限公司编制之估值报告厘定。

现金产生单位可收回金额之基准及其主

要相关假设概述如下：

现金产生单位的可收回金额乃根据收益

法下的使用价值计算方法厘定，其中包

括来自管理层批准涵盖五年期财务预算

的贴现金流量，以及反映现金产生单

位的时间价值及特定风险的现行市场评

估的税前贴现率18.2%。

预算期内的现金流量预测以整个预算期

内来自现有及潜在客户的预期收入为基

础。该五年期以后的现金流量采用每年

稳定的2%增长率推算。该增长率不超

过市场的长期平均增长率。

于二零二五年三月三十一日，由于经计

算现金产生单位之可收回金额超过获分

配商誉之现金产生单位之账面值，故并

无确认减值亏损。

18. GODWIL (Continued)

Impairment tests for CGUs containing godwil

The Group tests godwil anualy for impairment, or more

frequently if there are indications that godwil might be impaired.

Godwil acquired has ben alocated for impairment testing

purposes to the folowing CGUs:

— Property management service busines

— Lending busines

— Trading and retailing of gold and jewelery

Property management service busines

The recoverable amounts of the CGU have ben determined

by reference to the valuation report prepared by International

Valuation Limited, independent qualified profesional valuers not

related to the Group.

The basis of the recoverable amounts of the CGU and its major

underlying asumptions are sumarised below:

The recoverable amount of the CGU is determined based on

the value in use calculation under the income aproach, which

includes the discounted cash flows sourced from the financial

budgets aproved by the management covering a 5-year period,

and the pre-tax discount rate of 18.2% that reflects curent

market asesment of the time value of money and the risks

specific to the CGU.

Cash flow projections during the budget period are based on

the expected revenue from existing and potential customers

throughout the budget period. The cash flows beyond that

five-year period have ben extrapolated using a steady 2% per

anum growth rate. The growth rate does not exced the long

term average growth rate for the market.

As at 31 March 2025, as the recoverable amount of the CGU

was calculated to be in exces of the carying amount of CGU to

which godwil is alocated, no impairment los was recognised.

240,994
—
(60)
—
240,934

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

166China Briliant Global Limited I Anual Report 2024/25

（续）

包含商誉之现金产生单位之减值测试

（续）

借贷业务

于二零二零年三月三十一日，由于借贷

业务分部录得亏损，且按使用价值计

算，可收回金额低于此现金产生单位账

面值。故确认减值亏损约994,000港元，

而与此现金产生单位有关之商誉已悉数

减值。

黄金及珠宝买卖及零售

于二零一九年三月三十一日，由于黄金

及珠宝买卖及零售分部录得亏损，且根

据使用价值计算，该现金产生单位之可

收回金额低于账面值。已确认减值亏损

约2,914,000港元，且有关该现金产生单

位的商誉已悉数减值。

19. 按公平价值计入损益之金融资

产

于报告期末，按公平价值计入损益之金

融资产以公平价值列账。

18. GODWIL (Continued)

Impairment tests for CGUs containing godwil

(Continued)

Lending busines

As at 31 March 2020, since lending busines segment sufered

loses and based on value in use calculation, the recoverable

amount was les than the carying amount of this CGU. An

impairment los of aproximately HK$994,000 was recognised

and the godwil in respect of this CGU was fuly impaired.

Trading and retailing of gold and jewelery

As at 31 March 2019, since trading and retailing of gold and

jewelery segment sufered loses and based on value in use

calculation, the recoverable amount was les than carying

amount of this CGU. An impairment los of aproximately

HK$2,914,000 was recognised and the godwil in respect of this

CGU was fuly impaired.

19. FINANCIAL ASETS AT FAIR VALUE

THROUGH PROFIT OR LOS

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

As at 1 April于四月一日—

Fair value of investment retained arising on

5 October 2023 (note 48)

二零二三年十月五日所产生

的保留投资的公平价值

（附注48）246,194

Fair value changes公平价值变动—

Transfer to non-curent asets clasified

as held for sale

转拨至分类为持作出售的

非流动资产(5,200)

As at 31 March于三月三十一日240,994

At the end of the reporting period, financial asets at FVTPL are

stated at fair value.

2025
二零二五年
48.00%
48.00%
48.00%
48.00%

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司167

19. 按公平价值计入损益之金融资

产（续）

非上市股本证券的公平价值指本集团于

智朗控股的股权，属于公平价值层级第

三级。于二零二五年三月三十一日，非

上市投资的公平价值乃基于贴现金流

法厘定。更多披露请见附注41。

于二零二四年三月三十一日，非上市股

本证券的公平价值相当于本集团于智朗

控股的股权，乃参考近期的交易价厘定

公平价值。

于二零二五年及二零二四年三月三十一

日，本集团于下列非上市股本证券中拥

有权益：

19. FINANCIAL ASETS AT FAIR VALUE

THROUGH PROFIT OR LOS (Continued)

The fair value of unlisted equity securities represented the

Group’s equity interest in Brilink Holdings was faling under

Level 3 of the fair value hierarchy. As at 31 March 2025, the fair

value of the unlisted investments has ben determined based on

discounted cash flow method se note 41 for more disclosures.

As at 31 March 2024, the fair value of unlisted equity securities

represented the Group’s equity interest in Brilink Holdings was

referenced to recent transaction price to determine the fair value.

As at 31 March 2025 and 2024, the Group had interest in the

folowing unlisted equity securities:

Name of entity

Form of busines

structure

Place/country of

incorporation/

registration

Principal place

of operationClas of share held

Efective equity interest

held by the GroupPrincipal activity

实体名称业务架构形式

注册成立╱

登记地点╱国家主要经营地点所持股份类别本集团持有之实际股权主要业务

二零二四年

Brilink Holdings LimitedIncorporatedBritish Virgin IslandBritish Virgin IslandRegistered capital47.17%Investment holding

智朗控股有限公司注册成立英属处女群岛英属处女群岛注册股本投资控股

Brilink Fintech LimitedIncorporatedHong KongHong KongRegistered capital47.17%Investment holding

智朗金融科技有限公司注册成立香港香港注册股本投资控股

Brilink Bank Corporation

Limited

IncorporatedKazakhstanKazakhstanRegistered capital47.17%Operation of digital bank

注册成立哈萨克斯坦哈萨克斯坦注册股本经营数字银行

Brilink Tech (Shenzhen)

Limited

朗链科技（深圳）

有限公司

Incorporated

注册成立

PRC

中国

PRC

中国

Registered capital

注册股本

47.17%Information transmision,

software and information

technology service and

information system software

development

信息传输、软件和信息技术

服务及信息系统软件开发

2,928

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

168China Briliant Global Limited I Anual Report 2024/25

19. 按公平价值计入损益之金融资

产（续）

截至二零二五年三月三十一日止年度，

于智朗控股的股权增加1.83%及减少

1.00%，净增加0.83%。净变动已反映在

公平价值变动。

于二零二四年三月三十一日，实际股权

47.17%包括分类为持作出售的1.00%（见

综合财务报表附注26）。

本集团于非上市股本证券的投资并未分

类为联营公司或以权益法记账，尽管本

集团拥有或可能拥有该等投资超过20%

拥有权。董事认为，本集团对该等投资

并无重大影响力，乃由于本集团并无委

派任何代表加入该等投资之董事会或

同等监管组织；本集团并无参与政策制

定过程，包括参与股息或其他分派之决

定；及本集团并无与该等投资交换任何

管理人员。

由于本集团并无就达成上述任何事项作

出行动，故不视为对有关投资具重大影

响力。因此，该等投资不被视为本集团

之联营公司。

20. 存货

存货预期可于一年内收回。

19. FINANCIAL ASETS AT FAIR VALUE

THROUGH PROFIT OR LOS (Continued)

During the year ended 31 March 2025, the equity interests in

Brilink Holdings increased by 1.83% and decreased by 1.00%,

net increased by 0.83%. The net change has ben reflected in

the fair value changes.

As at 31 March 2024, the efective equity interest of 47.17%

included the 1.00% clasified as held for sale se note 26 to the

consolidated financial statements.

The Group invested in unlisted equity securities that are not

clasified as an asociate nor acounted for using equity

method, even though the Group owns or potentialy owns more

than 20% ownership interest in those investments. In the opinion

of the directors, the Group has no significant influence over these

investments since the Group did not have any representative

on the board of directors or equivalent governing body of these

investments; the Group did not participate in policy-making

proceses, including participation in decisions about dividends

or other distributions; and the Group did not interchange any

managerial personel with those investments.

As the Group did not act to fulfil any one of the isues stated

above, it does not consider as having significant influence on the

investments. Hence, those investments are not considered as

the asociate of the Group.

For identification purposes only.

20. INVENTORIES

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Finished gods成品2,681

Inventories are expected to be recovered within one year.

29,641
—
29,641

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司169

21. 贸易应收账款

根据有关合约，本集团之贸易应收账款

一般均有最长为六个月之信贷期。贸易

应收账款基于所销售货品或所提供服务

予以确认，并按原始发票金额列账，并

在可能不能全数收回时作出贸易应收账

款减值估计，并予以扣除。贸易应收账

款为无抵押及免息。贸易应收账款之减

值评估详情载于附注42。

于二零二五年三月三十一日，贸易应

收账款约3,812,000港元（二零二四年：

114,000港元）为应收一间关联公司款项，

张先生为该关联公司的董事及股东。

21. TRADE RECEIVABLES

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Trade receivables from contracts with customers客户合约贸易应收账款3,572

Les: alowance for credit loses减：信贷亏损拨备(3,137)

The Group’s trade receivables, which generaly have credit terms

of a maximum 6 months pursuant to the relevant contracts,

are recognised based on gods sold or services provided

and caried at the original invoice amount, and an estimate

of impairment of trade receivables is made and deducted

when colection of the ful amount is no longer probable.

Trade receivables are unsecured and interest-fre. Details of

impairment asesment of trade receivables are set out in note

42.

As at 31 March 2025, trade receivables of aproximately

HK$3,812,000 (2024: HK$114,000) was due from a related

company, which Mr. Zhang is the director and shareholder of the

related company.

29,641
—
29,641

3,836
(3,836)
—

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

170China Briliant Global Limited I Anual Report 2024/25

（续）

于二零二五年三月三十一日，概无贸易

应收账款已逾期。于二零二四年三月

三十一日，金额约为57,000港元的贸易

应收账款于报告期末已逾期。

本集团贸易应收账款（扣除信贷亏损拨

备及根据发票日期或收入确认日期（以

较早者为准）之账龄分析如下：

22. 应收贷款

21. TRADE RECEIVABLES (Continued)

As at 31 March 2025, no trade receivables were past due.

As at 31 March 2024, trade receivables with the amounts of

aproximately HK$57,000 were past due as the end of the

reporting period.

An aging analysis of the Group’s trade receivables, net of

alowance for credit loses, based on earlier of the invoice date

or revenue recognition date is as folows:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Within 3 months三个月内378

4 to 6 months四至六个月57

22. LOAN RECEIVABLES

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Loan receivables from lending busines借贷业务之应收贷款14,327

Les: alowance for credit loses减：信贷亏损拨备(3,836)

Loan receivables, net应收贷款净额10,491

112
—
71
856
1,039

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司171

（续）

借贷业务之应收贷款

于二零二五年三月三十一日，应收贷款

指一项无抵押公司贷款（二零二四年：三

项）。应收贷款按8%（二零二四年：8%）

的固定年利率计息。应收贷款之贷款

期为1年（二零二四年：1个月至1年）。于

报告期末，尚未偿还之本金总额约为

3,836,000港元（二零二四年：14,132,000

港元）。减值评估详情载于附注42。

、订金及其他应收款

项

于二零二五年三月三十一日，本集团以

人民币计值的订金及其他应收款项约

为811,000港元（二零二四年：656,000港

元）。

有关订金及其他应收款项减值评估的详

情载于附注42。

22. LOAN RECEIVABLES (Continued)

Loan receivables from lending busines

As at 31 March 2025, loan receivables represent one unsecured

corporate loan (2024: thre). The loan receivables cary interest

at fixed rate ranging from 8% (2024: 8%) per anum. The loan

receivables have lending term of 1 year (2024: 1 month to 1

year). The agregate principal amount outstanding at the end

of the reporting period is aproximately HK$3,836,000 (2024:

HK$14,132,000). Details of impairment asesment are set out in

note 42.

23. PREPAYMENTS, DEPOSITS AND OTHER

RECEIVABLES

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Prepayments预付款项294

Other tax receivables其他应收税款54

Amount due from a director of subsidiary应收附属公司董事的款项71

Deposits and other receivables订金及其他应收款项972

1,391

As at 31 March 2025, the Group’s deposits and other

receivables denominated in RMB is aproximately HK$811,000

(2024: HK$656,000).

Details of impairment asesment of deposits and other

receivables are set out in note 42.

79,665
—
446
425
837
801
82,174

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

172China Briliant Global Limited I Anual Report 2024/25

╱（应付）前联营公司╱

关联公司╱董事之款项

(a) 应收前联营公司款项

截至二零二五年三月三十一日止

年度，应收前联营公司款项包括

向联营公司提供贷款约8,144,000

港元（二零二四年：7,773,000港元）

（扣除信贷亏损拨备前），为非贸

易性质、无抵押并按年利率6%

计息且于要求时偿还。余下款项

约为1,396,000港元（二零二四年：

1,396,000港元）（扣除信贷亏损拨

备前）均为非贸易性质、无抵押、

免息且于要求时偿还。减值评估

详情载于附注42。

(b) 应收╱（应付）关联公司款项

应收关联公司款项如下：

24. AMOUNTS DUE FROM/(TO) A FORMER

ASOCIATE/RELATED COMPANIES/

DIRECTORS

(a) Amount due from a former asociate

The amount due from a former asociate include loan

to a former asociate of aproximately HK$8,144,000

(2024: HK$7,773,000) (before alowance for credit loses)

as at the year ended 31 March 2025 was non-trade

nature, unsecured and interest bearing at 6% per anum

and repayable on demand. The remaining balances

of aproximately HK$1,396,000 (2024: HK$1,396,000)

(before alowance for credit loses) are non-trade nature,

unsecured, interest-fre and repayable on demand. Details

of impairment asesment are set out in note 42.

(b) Amounts due from/(to) related companies

The amounts due from related companies are as folows:

Maximum

amounts

outstanding

during the year20252024

年内未偿还

最高金额二零二五年二零二四年

HK$’000HK$’000HK$’000

千港元千港元千港元

Brilink Holdings智朗控股97,61680,398

Brilink Tech (Shenzhen) Limited* (朗链科

技(深圳)有限公司) (“Brilink Tech”)

朗链科技（深圳）有限公司

（「朗链」）1,083422

China Briliant Suply Chain Service Co.,

Ltd.* (深圳市朗华供应链服务

有限公司)

深圳市朗华供应链服务

有限公司

2,2532,253

Huizhou China Briliant Suply Chain

Service Co., Ltd.* (惠州朗华供应链

服务有限公司)

惠州朗华供应链服务有限

公司

2,0872,087

Shenzhen Pengyuan深圳市鹏远15,222816

Huizhou China Briliant Properties Co.,

Ltd.* (惠州朗华置业有限公司)

惠州朗华置业有限公司

85,986

for identification purpose only 仅供识别

27,315

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司173

╱（应付）前联营公司╱

关联公司╱董事之款项（续）

(b) 应收╱（应付）关联公司款项

（续）

应收╱（应付）关联公司款项为

无抵押、免息且按要求偿还。

约871,000港元（二零二四年：

4,794,000港元）之金额为贸易性

质，而余额则为非贸易性质。

约2,509,000港元（二零二四年：

5,586,000港元）之应收关联公司款

项以人民币计值。

应付张先生约20,180,000港元（二零

二四年：19,600,000港元）的款项为

无抵押、按年利率2.5%计息并按

要求偿还。应付张女士的余下结余

为无抵押、免息及按要求偿还。

25. 现金及现金等值物

银行结余根据二零二五年及二零二四年

三月三十一日的每日银行存款利率按浮

动利率赚取利息。银行结余存放于近期

并无不良信贷记录且信誉良好之银行。

于二零二五年三月三十一日，本集团以

美元及人民币计值的现金及现金等值物

分别约为78,000港元（二零二四年：4,000

港元）及24,500,000港元（二零二四年：

14,400,000港元）。

24. AMOUNTS DUE FROM/(TO) A FORMER

ASOCIATE/RELATED COMPANIES/

DIRECTORS (Continued)

(b) Amounts due from/(to) related companies

(Continued)

The amounts due from/(to) related companies were

unsecured, interest-fre and repayable on demand.

Amounts of aproximately HK$871,000 (2024:

HK$4,794,000) were trade nature and remaining balances

were non-trade nature.

Amounts due from related companies with the amounts

of aproximately HK$2,509,000 (2024: HK$5,586,000) are

denominated in RMB.

The amount due to Mr. Zhang with the amount of

aproximately HK$20,180,000 (2024: HK$19,600,000)

was unsecured, interest-bearing at 2.5% per anum and

repayable on demand. The remaining balance due to Ms.

Zhang was unsecured, interest-fre and repayable on

demand.

25. CASH AND CASH EQUIVALENTS

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Cash and cash equivalents现金及现金等值物15,248

Bank balances earns interest at floating rates based on daily

bank deposit rates as at 31 March 2025 and 2024. The bank

balances are deposited with creditworthy banks with no recent

history of default.

As at 31 March 2025, the Group’s cash and cash equivalents

denominated in US$ and RMB are aproximately HK$78,000

(2024: HK$4,000) and HK$24,500,000 (2024: HK$14,400,000)

respectively.

25,213
—
25,213

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

174China Briliant Global Limited I Anual Report 2024/25

（续）

人民币不可自由兑换为其他货币，惟根

据中国之外汇管理条例，以及结汇、售

汇及付汇管理规定，本集团获准透过获

授权进行外汇交易业务之银行将人民币

兑换为其他货币。

截至二零二五年及二零二四年三月三十一

日止年度，本集团对银行结余进行减值

评估，并得出结论，因对手银行的违约

概率甚微，故于年内不计提预期信贷亏

损拨备。

26. 分类为持作出售的非流动资产

截至二零二四年三月三十一日止年度，

本集团与独立第三方订立买卖协议，

以出售智朗控股的若干股份，代价为

5,200,000港元，该出售事项已于截至二

零二五年三月三十一日止年度完成。

27. 贸易应付账款

本集团根据发票日期的贸易应付账款之

账龄分析如下：

供应商授予的平均信贷期介乎30至180

日。

25. CASH AND CASH EQUIVALENTS (Continued)

RMB is not frely convertible into other curencies, however,

under the PRC Foreign Exchange Control Regulations and

Administration of Setlement, Sale and Payment of Foreign

Exchange Regulations, the Group is permited to exchange RMB

for other curencies through banks authorised to conduct foreign

exchange busines.

For the years ended 31 March 2025 and 2024, the Group

performed impairment asesment on bank balances and

concluded that the probability of defaults of the counterparty

banks are insignificant, no alowance for ECL is provided for the

years.

26. NON-CURENT ASETS CLASIFIED AS

HELD FOR SALE

During the year ended 31 March 2024, the Group entered into

a sales and purchase agrement with an independent third

party to dispose certain shares in Brilink Holdings with the

consideration of HK$5,200,000 and the disposal was completed

during the year ended 31 March 2025.

27. TRADE PAYABLES

An aging analysis of the Group’s trade payables, based on the

invoice date is as folows:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Within 3 months三个月内91

Over 1 year超过一年484

The average credit periods granted by supliers range from 30

to 180 days.

696
540
932
1,479
3,647

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司175

28. 其他应付款项及应计款项

其他应计开支主要包括应计核数师酬金

约780,000港元（二零二四年：950,000港

元）及应计员工成本约532,000港元（二零

二四年：417,000港元）。

于二零二五年三月三十一日，本集团以

人民币计值的其他应付款项及应计费

用分别约为1,075,000港元（二零二四年：

782,000港元）。

28. OTHER PAYABLES AND ACRUALS

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Other payables其他应付款项623

Receipt in advance预收款项540

Acrued interest expenses due to Mr. Zhang应付张先生之应计利息

开支436

Other acrued expenses其他应计开支2,252

3,851

Other acrued expenses mainly comprised of acrued auditor’s

remuneration of aproximately HK$780,000 (2024: HK$950,000)

and acrued staf costs of aproximately HK$532,000 (2024:

HK$417,000).

As at 31 March 2025, the Group’s other payables and acruals

denominated in RMB are aproximately HK$1,075,000 (2024:

HK$782,000) respectively.

377

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

176China Briliant Global Limited I Anual Report 2024/25

29. 合约负债

合约负债指于产品及服务控制权转移至

客户及向客户提供前根据相关销售及服

务合约就销售货品及提供增值服务向客

户收取的预付款项。

截至二零二四年及二零二三年三月三十一

日的合约负债金额中约3,937,000港元及

14,505,000港元的合约负债分别于截至

二零二五年及二零二四年三月三十一日

止年度确认为收益。

本集团将该等合约负债分类为流动，原

因为本集团预期该等结余将於其一般营

运周期中（即报告期结束后12个月内）偿

付。

于二零二五年及二零二四年三月三十一

日，所有合约负债均以人民币计值。

29. CONTRACT LIABILITIES

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Advance from customers客户垫款4,314

Contract liabilities represented advance payments received from

customers for sales of gods and value-aded services pursuant

to the respective sales and services contracts before the control

of the products and services are pased and rendered to the

customers.

Contract liabilities with the amounts of aproximately

HK$3,937,000 and HK$14,505,000 included in contract liabilities

as at 31 March 2024 and 2023 were recognised as revenue

during the years ended 31 March 2025 and 2024 respectively.

The Group clasifies these contract liabilities as curent because

the Group expects these balances to be setled in its normal

operating cycle which is within 12 months after the end of the

reporting period.

Al contract liabilities were denominated in RMB as at 31 March

2025 and 2024.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司177

30. 应付或然代价

于二零二四年十二月三十日，本集团完成

从Abundant Victory Group Limited（「卖

方」）收购香港乐图控股有限公司的51%

股权。香港乐图控股有限公司主要从事

物业管理业务。

根据买卖协议，代价将以于二零二五年至

二零二七年期间不同时段发行15,399,423

股代价股份之方式偿付。用作偿付的代

价股份数目须根据保证溢利予以调整，

其中Abundant Victory Group Limited向

本公司担保香港乐图控股有限公司截至

二零二五年三月三十一日止九个月、截

至二零二六年三月三十一日及二零二七

年三月三十一日止财政年度之除税后纯

利将不少于人民币900,000元、人民币

1,100,000元及人民币1,100,000元（「溢利

目标」）。倘溢利目标于任何该等期间未

履行或达成，则不会发行任何代价股

份，而各阶段代价将按每股出售股份面

值1港元以现金结清。

30. CONTINGENT CONSIDERATION PAYABLE

HK$’000

千港元

As at 1 April 2024于二零二四年一月一日—

Adition during the year (note 46)年内添置（附注46）2,000

Fair value changes公平价值变动(100)

As at 31 March 2025于二零二五年三月三十一日1,900

HK$’000

千港元

Analysed to:分析为：

— Curent portion— 即期部分1,560

— Non-curent portion— 非即期部分340

1,900

On 30 December 2024, the Group completed the acquisition of

51% of the equity interest of Hong Kong Letu Holdings Limited

from Abundant Victory Group Limited (the “Vendor”). Hong Kong

Letu Holdings Limited principaly engaged in the busines of

property management.

Pursuant to the sales and purchase agrement, the

consideration shal be setled by way of isuing 15,399,423

consideration shares in diferent timeslots from 2025 to 2027.

The number of consideration shares for the setlement shal

be subject to the adjustment pursuant to the profit guarante,

in which Abundant Victory Group Limited guarantes to the

Company that the net profit after tax of Hong Kong Letu

Holdings Limited for the nine months ending 31 March 2025,

financial years ending 31 March 2026 and 31 March 2027

shal not be les than RMB900,000, RMB1,100,000 and

RMB1,100,000 (the “Profit Target”). If the Profit Target is not

satisfied in any such periods, fulfiled, no Consideration Shares

wil be isued and the respective Tranche Consideration wil be

fuly satisfied by cash of nominal value of HK1 per Sale Share.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

178China Briliant Global Limited I Anual Report 2024/25

（续）

视乎香港乐图控股有限公司截至二零二五

年三月三十一日止九个月的经审核年度

财务报表内所达到的除税后纯利（「二零

二五年溢利目标」），第一阶段代价股份

为按初始发行价配发及发行4,370,689股

代价股份或按当时每股份市价（即于二

零二五年三月三十一日前连续5个交易日

在联交所报之每股平均收市价）（以发

行价较高者为准）计算之代价股份数目，

前提是第一阶段代价股份数目不得超过

4,370,689股。倘未达成二零二五年溢利

目标，则不会发行任何代价股份，而第

一阶段代价将按每股出售股份面值1.00

港元以现金结清，总额为7,140港元。

视乎香港乐图控股有限公司截至二零

二六年三月三十一日止财政年度的经审

核年度财务报表内所达到的除税后纯

利（「二零二六年溢利目标」），第二阶段

代价股份为按初始发行价配发及发行

5,514,367股代价股份或按当时每股份

市价（即于二零二六年三月三十一日前连

续5个交易日在联交所报之每股平均

收市价）（以发行价较高者为准）计算之代

价股份数目，前提是第二阶段代价股份

数目不得超过5,514,367股。倘未达成二

零二六年溢利目标，则不会发行任何代

价股份，而第二阶段代价将按每股出售

股份面值1.00港元以现金结清，总额为

9,180港元。

视乎香港乐图控股有限公司截至二零二七

年三月三十一日止财政年度的经审核年

度财务报表内所达到的除税后纯利（「二

零二七年溢利目标」），第三阶段代价股份

为按初始发行价配发及发行5,514,367股

代价股份或按当时每股份市价（即于二

零二七年三月三十一日前连续5个交易日

在联交所报之每股平均收市价）（以发

行价较高者为准）计算之代价股份数目，

前提是第三阶段代价股份数目不得超过

5,514,367股。倘未达成二零二七年溢利

目标，则不会发行任何代价股份，而第

三阶段代价将按每股出售股份面值1.00

港元以现金结清，总额为9,180港元。

30. CONTINGENT CONSIDERATION PAYABLE

(Continued)

Subject to the net profit after tax for the nine months ending

31 March 2025 atained by Hong Kong Letu Holdings Limited

(“2025 Profit Target”) on the audited anual financial statement,

the 1st Tranche Consideration Shares shal be the alotment and

isuance of 4,370,689 Consideration Shares at the Initial Isue

Price or such number of Consideration Shares calculated based

on the then prevailing market price per Share being the average

closing price per Share as quoted on the Stock Exchange for the

5 consecutive trading days prior to 31 March 2025 (whichever

the isue price is higher) provided that the number of the 1st

Tranche Consideration Shares shal be no more than 4,370,689

Shares. If the 2025 Profit Target is not fulfiled, no Consideration

Shares wil be isued and the 1st Tranche Consideration wil be

fuly satisfied by cash of nominal value of HK1 per Sale Share

amounting to a total of HK$7,140.

Subject to the net profit after tax for the financial year ending

31 March 2026 atained by Hong Kong Letu Holdings Limited

(“2026 Profit Target”) on the audited anual financial statement,

the 2nd Tranche Consideration Shares shal be the alotment and

isuance of 5,514,367 Consideration Shares at the Initial Isue

Price or such number of Consideration Shares calculated based

on the then prevailing market price per Share being the average

closing price per Share as quoted on the Stock Exchange for the

5 consecutive trading days prior to 31 March 2026 (whichever

the isue price is higher) provided that the number of the 2nd

Tranche Consideration Shares shal be no more than 5,514,367

Shares. If the 2026 Profit Target is not fulfiled, no Consideration

Shares wil be isued and the 2nd Tranche Consideration wil be

fuly satisfied by cash of nominal value of HK1.00 per Sale Share

amounting to a total of HK$9,180.

Subject to the net profit after tax for the financial year ending

31 March 2027 atained by Hong Kong Letu Holdings Limited

(“2027 Profit Target”) on the audited anual financial statement,

the 3rd Tranche Consideration Shares shal be the alotment and

isuance of 5,514,367 Consideration Shares at the Initial Isue

Price or such number of Consideration Shares calculated based

on the then prevailing market price per Share being the average

closing price per Share as quoted on the Stock Exchange for the

5 consecutive trading days prior to 31 March 2027 (whichever

the isue price is higher) provided that the number of the 3rd

Tranche Consideration Shares shal be no more than 5,514,367

Shares. If the 2027 Profit Target is not fulfiled, no Consideration

Shares wil be isued and the 3rd Tranche Consideration wil be

fuly satisfied by cash of nominal value of HK1.00 per Sale Share

amounting to a total of HK$9,180.

—

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司179

（续）

应付或然代价的公平价值属于公平价值

层级第三层。于二零二五年三月三十一

日，应付或然代价的公平价值已参考本

集团溢利的概率加权估计以厘定公平价

值。

31. 租赁负债

全部租赁负债均以港元计值。

于二零二四年三月三十一日，实际增量

借款利率为7.91%。

32. 承付票据

于二零二年七月十八日，本公司完

成向张先生发行新承付票据，金额为

10,000,000美元（相等于78,000,000港

元），偿还于二零二一年一月十九日发行

的承付票据。承付票据为无抵押，按每

年2.5%的利率计息及应于到期日支付及

于二零二年七月十八日后六个月当日

偿还。本公司有权连续四次将初始到期

日延长六个月（「延期选择权」）。

于二零二三年十月五日，本集团已使用

到期承付票据部分抵销出售事项。于出

售事项完成后，本集团并无未偿还承付

票据。

30. CONTINGENT CONSIDERATION PAYABLE

(Continued)

The fair value of contingent consideration payable was faling

under Level 3 of the fair value hierarchy. As at 31 March 2025,

the fair value of the contingent consideration payable was

referenced to present value of the Group’s probability-weighted

estimates of the profit to determine the fair value.

31. LEASE LIABILITIES

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Within one year一年内65

Al lease liabilities were denominated in HK$.

As at 31 March 2024, the efective incremental borowing rate

was 7.91%.

32. PROMISORY NOTE

On 18 July 2022, the Company completed to isue a new

promisory note to Mr. Zhang, at US$10,000,000 (equivalent to

HK$78,000,000) for repayment of the promisory note isued

on 19 January 2021. The promisory note is unsecured, interest

bearing at 2.5% per anum and payable on the maturity date

in arears and repayable on the date of six months after 18 July

2022. The Company has the rights to extend the initial maturity

date for four sucesive periods of six months (the “Extension

Option”).

On 5 October 2023, promisory note due by the Group was

used to partialy set-of the Disposal. Upon completion of the

Disposal, the Group did not have outstanding promisory note.

—

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

180China Briliant Global Limited I Anual Report 2024/25

（续）

延期选择权并非与主合约紧密相关及被

视为主合约的嵌入式衍生工具。本公司

根据香港财务报告准则第9号整体指定

承付票据及延期选择权及分类为按公平

价值计入损益之金融负债。

于发行日期（即二零二年七月十八日）

承付票据的公平价值约52,535,000港元

乃经参考独立合资格外部估值师国际评

估有限公司（「国际评估」）进行的估值后

达致。于发行日期承付票据的实际利率

为20%。

32. PROMISORY NOTE (Continued)

The Extension Option is not closely related to the host contract

and regarded as embeded derivatives in the host contract. The

Company designated the promisory note and the extension

option as a whole in acordance with HKFRS 9 and clasified as

financial liabilities at FVTPL.

Promisory

note isued

in 2022

二零二年发行

的承付票据

HK$’000

千港元

Proced from isue of promisory note发行承付票据所得款项78,000

Les: demed capital contribution from

shareholder

减：视作股东注资

(25,465)

52,535

HK$’000

千港元

As at 1 April 2023于二零二三年四月一日58,149

Interest payables应付利息(1,004)

Fair value changes (note 7)公平价值变动（附注7）8,688

Setlement of the Disposal结清出售事项(65,833)

As at 31 March 2024,

1 April 2024 and

31 March 2025

于二零二四年三月三十一日、

二零二四年四月一日及

二零二五年三月三十一日

The fair value of promisory note with the amount of

aproximately HK$52,535,000 as at isue date (i.e. 18 July 2022)

have ben arived by reference to the valuation performed by

International Valuation Limited (“IVL”), an independent qualified

external valuer. The efective interest rate of the promisory note

at the isue date is 20%.

2,500,000	250,000
1,457,239	145,724
61,204	6,120
1,518,443	151,844

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司181

33. 股本

本公司股本呈列如下：

33. SHARE CAPITAL

Share capital of the Company is presented as below:

Number of

sharesAmount

股份数目金额

’000HK$’000

千股千港元

Authorised:法定：

Ordinary Shares:普通股：

As at 1 April 2023, 31 March 2024,

1 April 2024 and 31 March 2025

于二零二三年四月一日、

二零二四年三月三十一日、

二零二四年四月一日及

二零二五年三月三十一日

— HK$0.10 each— 每股面值0.10港元

Isued and fuly paid:已发行及缴足：

As at 1 April 2023,

31 March 2024 and

1 April 2024

于二零二三年四月一日、

二零二四年三月三十一日

及二零二四年四月一日

Shares granted to employes under share

awards scheme (note)

根据股份奖励计划向雇员

授出股份（附注）

As at 31 March 2025于二零二五年三月三十一日

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

182China Briliant Global Limited I Anual Report 2024/25

34. 购股权计划

根据本公司于二零二一年九月十日举行

之股东周年大会上通过之决议案，本公

司采纳一项新购股权计划（「二零二一年

计划」）。

本公司先前的购股权计划（「二零一年

计划」）已于二零二一年八月九日届满，

此后不得根据二零一年计划进一步授

出购股权。然而，于上述届满前根据二

零一年计划授出之所有尚未行使购股

权将仍然有效，并可根据二零一年计

划之条文行使。

二零一年计划自二零一年八月十日

开始生效，为期十年。二零二一年计划

自二零二一年九月十日起生效，为期十

年。

计划之合资格参与者包括本集团所有董

事及雇员、供应商、客户、为本集团提

供服务之顾问、本集团附属公司之股东

及合营企业伙伴。根据该计划，董事可

全权酌情决定向任何合资格参与者授出

购股权，以按(i)于要约授出日期联交所

每日报价表上所列在GEM之本公司股份

收市价；(i)紧接要约授出日期前五个交易

日联交所每日报价表上所列本公司股份

在GEM之平均收市价；及(i)本公司股份

面值之价格（以最高者为准）认购本公司

之普通股。接纳授出购股权要约之期限

为要约日期起计二十一日内。接纳授出

购股权时须支付象征式代价1港元。所

授出购股权之行使期限由董事厘定，并

于要约日期后开始，并有若干归属期，

及在任何情况下最迟须于授出购股权之

各相关日期起计十年届满，惟须受提前

终止之条文所规限。

于行使根据该计划将授出之所有购股权

时可配发及发行之股份总数，其数目相

等于截至二零一年股东周年大会或二

零二一年股东周年大会举行日期之本公

司已发行股份之10%。

34. SHARE OPTION SCHEMES

Pursuant to a resolution pased at anual general meting of

the Company held on 10 September 2021, a new share option

scheme (the “2021 Scheme”) was adopted by the Company.

The previous share option scheme of the Company (the “2011

Scheme”) was expired on 9 August 2021, no further options

can be granted under the 2011 Scheme thereafter. However,

al outstanding share option granted under the 2011 Scheme

prior to the said expiry shal remain valid and exercisable in

acordance with the provisions of the 2011 Scheme.

The 2011 Scheme became efective for a period of 10 years

comencing on 10 August 2011. The 2021 Scheme became

efective for a period of 10 years comencing on 10 September

2021.

Eligible participants of the scheme include al directors and

employes of the Group, supliers, customers, consultants who

provided services to the Group, shareholders of the subsidiaries

of the Group and joint venture partners. Under the scheme,

the directors may, at their sole discretion, grant to any eligible

participants options to subscribe for ordinary shares of the

Company at the highest of (i) the closing price of shares of the

Company on GEM as stated in the Exchange’s daily quotation

shet on the date of the ofer of grant; (i) the average closing

price of the shares of the Company on GEM as stated in the

Stock Exchange’s daily quotation shets for the five trading days

imediately preceding the date of the ofer of grant; and (i) the

nominal value of the Company’s share. The ofer of a grant of

options may be acepted within 21 days from the date of the

ofer. A nominal consideration of HK$1 is payable on aceptance

of the grant of an option. The exercise period of the options

granted is determinable by the directors, which comences

after the date of ofer with a certain vesting period and ends in

any event not later than 10 years from the respective date when

the share options are granted, subject to the provisions for early

termination thereof.

The total number of shares which may be aloted and isued

upon exercise of al options to be granted under the scheme is

an amount equivalent to 10% of the shares of the Company in

isue as at the date of the 2011 AGM or 2021 AGM.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司183

（续）

于行使根据该计划及本集团之任何其他

购股权计划所授出及仍未行使之所有尚

未获行使之购股权时将予配发及发行之

股份最高数目，合共不得超过不时已发

行之本公司有关类别股份之30%。

于任何十二个月期间可授予任何个人之

购股权所涉之股份数目，在未获本公司

股东事先批准前，不得超逾本公司于任

何时间已发行股份之1%。授予主要股东

或独立非执行董事之购股权倘超逾本公

司股本之0.1%及总价值逾5百万港元，必

须事先获本公司股东批准。该计划并无

规定任何持有购股权之最短期限或行使

购股权前之任何表现目标。

购股权并不赋予持有人获取股息或于股

东大会上投票之权利。

于二零二四年三月十八日，本集团透过

股东特别大会终止二零二一年计划。

34. SHARE OPTION SCHEMES (Continued)

The maximum number of shares to be aloted and isued upon

the exercise of al outstanding options granted and yet to be

exercised under the scheme and any other share option schemes

of the Group must not in agregate exced 30% of the relevant

clas of shares of the Company in isue from time to time.

The number of shares in respect of which options may be

granted to any individual in any 12-month period is not permited

to exced 1% of the shares of the Company in isue at any point

in time, without prior aproval from the Company’s shareholders.

Options granted to substantial shareholders or independent non-

executive directors in exces of 0.1% of the Company’s share

capital and with an agregate value in exces of HK$5 milion

must be aproved in advance by the Company’s shareholders.

The scheme does not provide for any minimum period for

holding of options or any performance target before exercise of

options.

Share options do not confer rights on the holders to dividends or

to vote at shareholders’ metings.

On 18 March 2024, the Group pased the extraordinary general

meting to terminate the 2021 Scheme.

Number of share options
购股权数目
Exercise price per share (HK$)	Outstanding as at 1 April 2024	Granted during the year	Exercised during the year	Lapsed during the year	Outstanding as at 31 March 2025
每股行使价（港元）	于二零二四年四月一日尚未行使	于年内授出	于年内行使	于年内失效	于二零二五年三月三十一日尚未行使
0.59	71,860,000	—	—	—	71,860,000
0.33	35,000,000	—	—	—	35,000,000
	106,860,000	—	—	—	106,860,000
	106,860,000	—	—	—	106,860,000
	0.50	—	—	—	0.50

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

184China Briliant Global Limited I Anual Report 2024/25

（续）

下表披露董事、雇员及顾问于年内所持

本公司购股权之变动：

截至二零二五年三月三十一日止年度

34. SHARE OPTION SCHEMES (Continued)

The folowing table discloses movements of the Company’s

share options held by directors, employes and consultants

during the year:

Year ended 31 March 2025

Share option type

购股权类别

Options granted on 27 June 2018

under 2011 Scheme

于二零一八年六月二十七日根据

二零一年计划授出的购股权

Options granted on 18 December

2018 under 2011 Scheme

于二零一八年十二月十八日根据

二零一年计划授出的购股权

Exercisable at the end of the

reporting period

于报告期末可予行使

Weighted average

exercise price (HK$)

加权平均行使价（港元）

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司185

（续）

截至二零二四年三月三十一日止年度

34. SHARE OPTION SCHEMES (Continued)

Year ended 31 March 2024

Number of share options

购股权数目

Share option type

Exercise price

per share

(HK$)

Outstanding

as at

1 April 2023

Granted

during

the year

Exercised

during

the year

Lapsed

during

the year

Outstanding

as at

31 March 2024

购股权类别

每股行使价

（港元）

于二零二三年

四月一日

尚未行使于年内授出于年内行使于年内失效

于二零二四年

三月三十一日

尚未行使

Options granted on 27 June 2018

under 2011 Scheme

于二零一八年六月二十七日根据

二零一年计划授出的购股权0.5971,860,000—71,860,000

Options granted on 18 December

2018 under 2011 Scheme

于二零一八年十二月十八日根据

二零一年计划授出的购股权0.3335,000,000—35,000,000

106,860,000—106,860,000

Exercisable at the end of

the reporting period

于报告期末可予行使106,860,000

Weighted average

exercise price (HK$)

加权平均行使价（港元）0.50—0.50

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

186China Briliant Global Limited I Anual Report 2024/25

（续）

(a) 于二零一八年六月二十七日，本公

司向若干合资格参与者（为本集

团董事、雇员及顾问）授出合共

78,600,000份购股权。持有人可按

每股0.59港元行使购股权。

授予执行董事之27,600,000份购

股权已于二零一八年六月二十七日

悉数归属，并于二零一九年六月

二十七日至二零二八年六月二十七

日止期间（包括首尾两日）可予行

使。

34. SHARE OPTION SCHEMES (Continued)

(a) On 27 June 2018, the Group granted an agregate number

of 78,600,000 shares to certain eligible participants who

are directors, employes and consultants of the Group.

The holders are entitled to exercise share option at

HK$0.59 per share.

27,600,000 options granted to the executive directors were

vested in ful on 27 June 2018 and are exercisable during

the period from 27 June 2019 to 27 June 2028 (both dates

inclusive).

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司187

（续）

(b) 于二零一八年十二月十八日，本集

团向若干合资格参与者（为本集团

董事及顾问）授出合共35,500,000

份购股权。持有人可按每股0.33港

元行使购股权。

授予非执行董事及独立非执行董事

之800,000份购股权于二零一八年

十二月十八日已悉数归属，并于二

零一九年十二月十八日至二零二八

年十二月十八日止期间（包括首尾

两日）可予行使。

余下34,700,000份购股权将于二零

一八年十二月十八日起分多批归属，

并于二零一九年十二月十八日至二

零二八年十二月十八日止期间（包括

首尾两日）可予行使。除服务条件

外，有关达成若干绩效目标的归属

条件载于各要约函。

截至二零二年三月三十一日止年

度，本公司与若干顾问订立协议，

以修订归属条件，进一步延长9个

月以达成若干业绩目标。

董事、雇员及顾问的购股权详情载于「董

事会报告」。

于二零二五年三月三十一日，本公司

根据二零一年计划的尚未行使购

股权为106,860,000份（二零二四年：

106,860,000份），占本公司于当日已发行

股份约7.04%（二零二四年：7.51%）。

34. SHARE OPTION SCHEMES (Continued)

(b) On 18 December 2018, the Group granted an agregate

number of 35,500,000 shares to certain eligible

participants who are directors and consultants of the

Group. The holders are entitled to exercise share option at

HK$0.33 per share.

800,000 options granted to the non-executive director

and the independent non-executive directors were vested

in ful on 18 December 2018 and are exercisable during

the period from 18 December 2019 to 18 December 2028

(both dates inclusive).

The remaining 34,700,000 wil be vested in tranches from

18 December 2018 onwards and are exercisable during

the period from 18 December 2019 to 18 December 2028

(both dates inclusive). In adition to the service condition,

there are vesting conditions related to achievement of

certain performance targets as set out in the respective

ofer leters.

During the year ended 31 March 2022, the Company

entered into agrement with certain consultants to modify

the vesting conditions to further extend 9 months for them

to achieve of certain performance targets.

Details of the share option to directors, employes and

consultants are set out in the “Report of the Directors”.

As at 31 March 2025, the Company’s outstanding share options

of 106,860,000 options (2024: 106,860,000) under the 2011

Scheme, representing aproximately 7.04% (2024: 7.51%) in the

Company’s shares in isue as at that date.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

188China Briliant Global Limited I Anual Report 2024/25

（续）

该等公平价值使用二项模式计算。对该

模式之输入数据如下：

预期波幅乃采用本公司股价过往年度之

历史波幅而厘定。模式中所用预期有效

期乃基于管理层之最佳估计，就不可转

让性、行使限制及行为考虑因素的影响

予以调整。

二项模式乃用以估计购股权之公平价

值。计算购股权公平价值时所用变数及

假设乃基于董事之最佳估计。购股权之

价值可因若干主观假设之不同变数而变

化。

35. 股份奖励计划

于二零二四年三月二十日，董事会采纳

一项股份奖励计划，旨在(i)表扬及肯定

雇员对本集团所作出或可能作出的贡

献，并奖励表现杰出的雇员；及(i)向雇

员提供奖励，激励彼等为本集团的利益

而改进表现及效率并吸引及挽留合适雇

员（「朗华国际股份奖励计划」）。

34. SHARE OPTION SCHEMES (Continued)

These fair values were calculated using the binomial model. The

inputs into the model were as folows:

18 December

27 June

二零一八年

十二月十八日

二零一八年

六月二十七日

Share price at grant date (HK$)于授出日期的股价（港元）0.320.56

Exercise price (HK$)行使价（港元）0.330.59

Expected volatility (%)预期波幅(%)75.2075.57

Expected life (years)预期有效期（年）1010

Risk-fre rate (%)无风险利率(%)2.1062.297

Expected dividend yield (%)预期股息收益(%)—

Expected volatility was determined by using the historical

volatility of the Company’s share price over the previous

years. The expected life used in the model has ben adjusted,

based on management’s best estimate, for the efects of

non-transferability, exercise restrictions and behavioural

considerations.

The binomial model has ben used to estimate the fair value of

the options. The variables and asumptions used in computing

the fair value of the share options are based on the directors’

best estimate. The value of an option varies with diferent

variables of certain subjective asumptions.

35. SHARE AWARD SCHEME

On 20 March 2024, the board of directors has adopted a share

award scheme as a mean (i) to recognise and acknowledge the

contributions which the employes have made or may make

to the Group and to reward the employes who have achieved

outstanding performance, and (i) to provide employes with

incentives, motivating them to optimise their performance

and eficiency for the benefit of the Group and atracting and

retaining suitable personel (the “CBG Share Award Scheme”).

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司189

（续）

除非董事会决定提早终止，否则朗华国

际股份奖励计划应由采纳日期起计十年

内有效及生效。倘董事会授出奖励股份

将导致董事会根据股份奖励计划授出股

份之账面值超出本公司不时已发行股本

之10%，则本公司董事会将不会进一步

授出任何奖励股份。根据朗华国际股份

奖励计划授予获选参与者的最高股份

数目不得超出本公司不时已发行股本之

0.1%。

根据朗华国际股份奖励计划授出之股

份将由朗华国际股份奖励计划之受托人

（「受托人」）在公开市场上收购，或根据

本公司股东于本公司股东大会不时授予

董事之一般授权配发及发行新股份予受

托人。受托人将代表承授人于信托持有

奖励股份，直至该等股份根据股份奖励

计划之条文归属予承授人。受托人不得

行使于信托所持任何股份之投票权。

截至二零二五年及二零二四年三月三十一

日止年度，本集团并无就朗华国际股份

奖励计划透过受托人于公开市场上购买

任何普通股。于二零二五年及二零二四

年三月三十一日，概无普通股由朗华国

际股份奖励计划受托人持有。

截至二零二五年三月三十一日止年度，

本集团根据朗华国际股份奖励计划配发

61,204,012股（二零二四年：零股）本公司

新股份。

35. SHARE AWARD SCHEME (Continued)

Subject to any early termination as may be determined by the

board of directors, the CBG Share Award Scheme shal be

valid and efective for a term of ten years comencing on the

adoption date. The board of directors shal not make any further

award of awarded shares which wil result in the nominal value

of the shares awarded by the board of directors under the Share

Award Scheme exceding 10% of the isued share capital of the

Company from time to time. The maximum number of shares

which may be awarded to a selected participant under the CBG

Share Award Scheme shal not exced 0.1% of the isued share

capital of the Company from time to time.

The shares to be awarded under the CBG Share Award Scheme

wil either be acquired by the truste of the CBG Share Award

Scheme (the “Truste”) from the open market or be new shares

aloted and isued to the Truste under general mandates

granted by shareholders of the Company to the directors at

general metings of the Company from time to time. The Truste

wil hold the awarded shares in trust for the awardes until such

shares are vested with the awardes in acordance with the

provisions of the Share Award Scheme. The Truste shal not

exercise the voting rights in respect of any shares held under the

trust.

During the years ended 31 March 2025 and 2024, the Group did

not purchase any ordinary shares for CBG Share Award Scheme

through the Truste from open market. As at 31 March 2025 and

2024, there was no ordinary shares held through the Truste of

the CBG Share Award Scheme.

During the year ended 31 March 2025, the Group has aloted

61,204,012 (2024: nil) new shares of the Company under the

CBG Share Award Scheme.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

190China Briliant Global Limited I Anual Report 2024/25

（续）

截至二零二五年及二零二四年三月三十一

日止年度，股份奖励计划项下之奖励股

份详情如下：

截至二零二五年三月三十一日止年度

截至二零二四年三月三十一日止年度

奖励股份之公平价值乃基于股份于授出

日期的每股收市价。

董事会认为，7名承授人于截至二零二四

年三月三十一日止年度已达成绩效目标。

于二零二四年三月三十一日，董事会批准

更改授予函中的归属条件，由两年归属

期更改为绩效挂钩归属条件。董事会批

准7名承授人的股份奖励于同日归属。由

于归属条件于截至二零二四年三月三十一

日止年度已达成，故本集团就朗华国际

股份奖励计划项下61,204,012股奖励股

份确认股份奖励计划开支20,503,000港

元。

截至二零二五年三月三十一日止年度，

概无任何股份达成归属条件。

35. SHARE AWARD SCHEME (Continued)

Details of the awarded shares under the Share Award Scheme

during the years ended 31 March 2025 and 2024 are as folows:

Year ended 31 March 2025

CategoryDate of grant

Fair value

per share

As at

1 April 2024

Granted

during

the year

Vested

during

the year

Lapsed

during

the year

As at

31 March

类别授出日期每股公平价值

于二零二四年

四月一日年内授出年内归属年内失效

于二零二五年

三月三十一日

Ms. Zhang20 March 2024HK$0.3358,743,430—8,743,430

张女士二零二四年三月二十日0.335港元

Staf20 March 2024HK$0.3352,914,476—2,914,476

雇员二零二四年三月二十日0.335港元

11,657,906—11,657,906

Year ended 31 March 2024

CategoryDate of grant

Fair value

per share

As at

1 April 2023

Granted

during

the year

Vested

during

the year

Lapsed

during

the year

As at

31 March

类别授出日期每股公平价值

于二零二三年

四月一日年内授出年内归属年内失效

于二零二四年

三月三十一日

Ms. Zhang20 March 2024HK$0.335—8,743,430—8,743,430

张女士二零二四年三月二十日0.335港元

Staf20 March 2024HK$0.335—64,118,488(61,204,012)—2,914,476

雇员二零二四年三月二十日0.335港元

—72,861,918(61,204,012)—11,657,906

The fair value of the awarded shares was based on the closing

price per share at the date of grant.

The Board considered 7 Grantes had fulfiled their performance

targets during the year ended 31 March 2024. On 31 March

2024, the Board aproved to change their vesting conditions in

grant leters from 2 years vesting period to performance-based

vesting conditions. The Board aproved 7 Grantes’ share

Awards be vested on the same date. The Group recognised

a share award scheme expenses of HK$20,503,000 for the

61,204,012 awarded shares under the CBG Share Award

Scheme as vesting conditions were met for the year ended 31

March 2024.

During the year ended 31 March 2025, no shares awarded met

the vesting conditions.

1
—
2,587
439
3,027
194
138
80,394
2,809
83,535
1,965
20,180
—
22,145
61,390
64,417
98,915
98,915
(34,498)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司191

36. STATEMENT OF FINANCIAL POSITION AND

RESERVE OF THE COMPANY

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

NON-CURENT ASETS非流动资产

Property, plant and equipment物业、厂房及设备42

Right-of-use asets使用权资产77

Interests in subsidiaries于附属公司之权益2,587

Amounts due from subsidiaries应收附属公司之款项—

Total non-curent asets非流动资产总额2,706

CURENT ASETS流动资产

Prepayments, deposits

and other receivables

预付款项、订金及

其他应收款项623

Amount due from a former asociate应收前联营公司款项138

Amounts due from related companies应收关联公司款项80,394

Cash and cash equivalents现金及现金等值物731

Total curent asets流动资产总额81,886

CURENT LIABILITIES流动负债

Other payables and acruals其他应付款项及应计款项2,370

Amounts due to directors应付董事款项20,158

Lease liabilities租赁负债65

Total curent liabilities流动负债总额22,593

NET CURENT ASETS流动资产59,293

TOTAL ASETS LES CURENT

LIABILITIES

资产总额减流动负债

61,999

NON-CURENT LIABILITIES非流动负债

Amounts due to subsidiaries应付附属公司之款项91,940

Total non-curent liabilities非流动负债总额91,940

NET LIABILITIES负债净额(29,941)

36. 本公司财务状况表及储备

151,844
(186,342)
(34,498)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

192China Briliant Global Limited I Anual Report 2024/25

由以下人士代表董事会签署：

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

EQUITY权益

Share capital股本145,724

Reserves储备(175,665)

TOTAL CAPITAL DEFICIENCIES资本亏绌总额(29,941)

Signed on its behalf by:

Mr. Zhang ChunhuaMs. Zhang Chunping

张春华先生张春萍女士

ChairmanDirector

主席董事

36. STATEMENT OF FINANCIAL POSITION AND

RESERVE OF THE COMPANY (Continued)

（续）

537,894	32,464	—	37,793	(794,493)	(186,342)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司193

（续）

本公司储备之变动

附注：

于二零二五年及二零二四年三月三十一日，董事

认为本公司并无储备可分派予股东。

36. STATEMENT OF FINANCIAL POSITION AND

RESERVE OF THE COMPANY (Continued)

Movements of the Company’s reserve

premium

acount

option

reserve

Share award

reserve

Capital

contribution

reserve

Acumulated

losesTotal

股份溢价账购股权储备

股份

奖励储备资本注入储备累计亏损总计

HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元千港元千港元

As at 1 April 2023于二零二三年四月一日523,51132,464—37,793(801,243)(207,475)

Profit and total comprehensive

income for the year

年内溢利及全面收益总额

—11,30711,307

Recognition of share award

scheme

确认股份奖励计划

—20,503—20,503

As at 31 March 2024 and

as at 1 April 2024

于二零二四年三月三十一日

及二零二四年四月一日523,51132,46420,50337,793(789,936)(175,665)

Profit and total comprehensive

income for the year

年内溢利及全面收益总额

—(4,557)(4,557)

Alotment of share under the

share award scheme

根据股份奖励计划配发股份

14,383—(20,503)—(6,120)

As at 31 March 2025于二零二五年三月三十一日

Note:

As at 31 March 2025 and 2024, in the opinion of the directors, the Company

had no reserves available for distribution to shareholders.

2025
二零二五年
100%
100%
100%
100%
100%
100%
100%

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

194China Briliant Global Limited I Anual Report 2024/25

37. 附属公司详情

附属公司之一般资料

于二零二五年及二零二四年三月三十一

日，本公司附属公司之详情如下：

37. PARTICULAR OF SUBSIDIARIES

General information of subsidiaries

Particulars of the Company’s subsidiaries as at 31 March 2025

and 2024 are as folows:

Name

Place/country of

incorporation/

registration and operations

Nominal value

of isued

ordinary share/

registered

capital

Percentage of ownership

interests and

voting rights atributable

to the Company

本公司应占

所有权益及投票权百分比

Principal activities

名称

注册成立╱注册及

营运国家╱地点

已发行普通股╱

注册资本之面值主要业务

二零二四年

CBG Industrial Integrated Services

Limited (formerly known as

Lighting Storm Holdings Limited)

British Virgin IslandsUS$50,000100%Investment holding

CBG Industrial Integrated Services

Limited（前称Lighting Storm

Holdings Limited）

英属处女群岛50,000美元投资控股

Mastery Jewelery Co. LimitedHong KongHK$10,000100%Investment holding

至尊珠宝有限公司香港10,000港元投资控股

至尊彩虹钻石（深圳）有限公司*PRCHK$30,000,000100%The design, research and development,

wholesale and retail of gold, jewelery

and related ancilary busines

中国30,000,000港元黄金、珠宝首饰的设计、研发、批发、

零售及相关配套业务

CBG Finance LimitedHong KongHK$1,000,000100%Money lending

朗华国际财务有限公司香港1,000,000港元贷款

CBG Services Holdings LimitedHong KongHK$1100%Investment holding

朗华国际服务控股有限公司香港1港元投资控股

Silver Venture International LimitedHong KongHK$1100%Investment holding

力银国际有限公司香港1港元投资控股

CBG Financial Services Group

Limited

British Virgin IslandsUS$50,000100%Investment holding

朗华国际金融服务集团有限公司英属处女群岛50,000美元投资控股

2025
二零二五年
100%
51%
100%

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司195

该等附属公司于截至二零二五年三月

三十一日止年度内收购。

除CBG Industrial Integrated Services Limited

及朗华国际金融服务集团有限公司外，所

有其他附属公司均由本公司间接持有。

概无附属公司于报告期末或于本年度内

任何时候有任何未偿还债务证券。

于中国的附属公司为私营有限责任公

司。

由于非控股权益对本集团并不重大，故

并无呈列乐图（深圳）物业管理服务有限

公司的财务资料概要。

Name

Place/country of

incorporation/

registration and operations

Nominal value

of isued

ordinary share/

registered

capital

Percentage of ownership

interests and

voting rights atributable

to the Company

本公司应占

所有权益及投票权百分比

Principal activities

名称

注册成立╱注册及

营运国家╱地点

已发行普通股╱

注册资本之面值主要业务

二零二四年

Hong Kong Letu Holding LimitedHong KongHK$50,000—Operation of digital bank

香港乐图控股有限公司（香港）

香港50,000港元经营数字银行

乐图（深圳）物业管理服务

有限公司（香港）

＊^

PRC

中国

RMB500,000

人民币500,000元

—Information transmision, software

and information technology service

and information system software

development

信息传输、软件和信息技术服务及信息系

统软件开发

Shenzhen CBPS*PRCRMB20,000,000100%Provision of property management services

深圳市朗华物业服务*中国人民币20,000,000元提供物业管理服务

* Registered as a wholy-foreign-owned enterprises under the PRC Law.

These subsidiaries were acquired during the year ended 31 March

2025.

Except for CBG Industrial Integrated Services Limited and CBG

Financial Services Group Limited, al other subsidiaries are

indirectly held by the Company.

None of the subsidiaries had debt securities outstanding at the

end of the reporting period or at any time during the year.

The subsidiaries in PRC are private companies with limited

liabilities.

No sumarised financial information of 乐图（深圳）物业管理服

务有限公司 is presented as the non-controling interests are not

material to the Group.

（续）

附属公司之一般资料（续）

于二零二五年及二零二四年三月三十一

日，本公司附属公司之详情如下：（续）

37. PARTICULAR OF SUBSIDIARIES (Continued)

General information of subsidiaries (Continued)

Particulars of the Company’s subsidiaries as at 31 March 2025

and 2024 are as folows: (Continued)

932
—
203
13,717
41
215
488
197
—
—

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

196China Briliant Global Limited I Anual Report 2024/25

38. 有关连人士交易

(a) 除综合财务报表其他部分披露之

该等有关连人士交易及结余外，本

集团于本年度曾与其有关连人士

进行以下交易：

38. RELATED PARTY TRANSACTIONS

(a) In adition to those related party transactions and

balances disclosed elsewhere in the consolidated financial

statements, the Group had the folowing transactions with

its related parties during the year:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Interest expenses on amount due to

a director (Note i)

应付董事款项的利息开支

（附注i）436

Interest on promisory note payable

to a director (Note i)

应付董事承付票据利息

（附注i）1,004

Trading of gold and jewelery products to

related companies which the director

has equity interests (Note i)

向董事拥有股权的关联公司

买卖黄金和珠宝产品

（附注i）399

Revenue from property management

services from related companies

(Note i)

来自关联公司的物业管理服

务收益

（附注i）11,268

Revenue from value-aded services

derived from related companies which

the director has equity interests (Note i)

董事拥有股权的关联公司的

增值服务收益（附注i）

Lease payments that are fixed for

carparking operation derived from

related companies which the director

has equity interests (Note i)

来自董事拥有股权的关联公

司的停车场营运固定租赁

付款（附注i）

Comision income from related

companies which the director has

equity interests (Note i)

来自一间董事拥有股权之

关联公司之佣金收入

（附注i）792

Expenses related to short-term leases

payable to a related companies which

the director has equity interests (Note i)

与应付予董事拥有股权的

关联公司的短期租赁相

关开支（附注i）184

Interest expense from fintech busines

paid to the related company (Note i)

支付予关联公司的金融科技

业务的利息开支（附注i）215

Loan interest income from an asociate

(Note i)

自一间联营公司之

贷款利息收入（附注i）112

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司197

（续）

附注：

(i) 上述交易被视为持续关连交易，但获完

全豁免遵守GEM上市规则第二十章项下的

股东批准、年度审阅及所有披露规定。

(i) 于二零二三年六月二十一日，本集团与张

先生订立主供应协议（「主供应协议」），据

此，本集团将向张先生及其联系人提供

物业管理及增值服务。根据GEM上市规

则第二十章，主供应协议下的交易构成

持续关连交易。

(b) 有关本集团主要管理人员之报酬

详情载于综合财务报表附注11及

12。

董事及主要管理人员之薪酬由薪

酬委员会根据个人表现及市场趋

势而厘定。

于二零二年七月十八日，本公司

完成向张春华先生发行新承付票

据，金额为10,000,000美元（相等

于78,000,000港元），偿还于二零

二一年一月十九日发行的承付票

据。承付票据为无抵押，按每年

2.5%的利率计息及应于到期日支

付及于二零二年七月十八日后六

个月当日偿还。本公司有权连续四

次将初始到期日延长六个月。发

行承付票据被视为关连交易，但

获全面豁免遵守GEM上市规则第

二十章项下的股东批准、年度审阅

及所有披露规定。

于二零二三年五月十七日，本公司

向张先生取得金额约19,600,000港

元的贷款。该贷款无抵押、年利

率2.5%及按要求偿还。

于二零二三年十月五日，本集团完

成向张先生出售智朗控股3,794股

普通股，代价为交换深圳市朗华

物业服务全部股权并以未偿还承

付票据及相关利息开支抵销。

截至二零二五年及二零二四年三月

三十一日止年度，深圳市鹏远向本

集团提供停车场作停车场营运，

而深圳市鹏远并无收取费用。

于报告期末与有关连人士的结余

之详情分别载于综合财务报表附

注21、24、28及29。

38. RELATED PARTY TRANSACTIONS (Continued)

Notes:

(i) The above transaction are considered as continuing conected

transaction but fuly exempted from shareholders’ aproval, anual

review and al disclosure requirements under Chapter 20 of the GEM

Listing Rules.

(i) On 21 June 2023, the Group had entered into the master suply

agrement (the “Master Suply Agrement”) with Mr. Zhang whereby

the Group wil provide property management and value-aded service

to Mr. Zhang and his asociates. The transaction under the Master

Suply Agrement is constituted as continuing conected transaction

under Chapter 20 of the GEM Listing Rules.

(b) Details of compensation of key management personel

of the Group are included in notes 11 and 12 to the

consolidated financial statements.

The remuneration of the directors and key management

personel is determined by the remuneration comite

having regard to the performance of individuals and market

trends.

On 18 July 2022, the Company completed to isue a new

promisory note to Mr. Zhang Chunhua, at US$10,000,000

(equivalent to HK$78,000,000) for repayment of the

promisory note isued on 19 January 2021. The

promisory note was unsecured interest bearing at 2.5%

per anum and payable on the maturity date in arears and

repayable on the date of six months after 18 July 2022.

The Company has the rights to extend the initial maturity

date for four sucesive period of six months. Isuance of

promisory note was considered as conected transaction

but fuly exempted from shareholders’ aproval, anual

review and al disclosure requirements under Chapter 20 of

the GEM Listing Rules.

On 17 May 2023, the Company obtained a loan from Mr.

Zhang with amounts of aproximately HK$19,600,000. The

loan is unsecured, interest-bearing at 2.5% per anum and

repayable on demand.

On 5 October 2023, the Group completed to dispose

3,794 ordinary shares in Brilink Holdings to Mr. Zhang with

the consideration of exchange the entire equity interest on

Shenzhen CBPS and set-of with outstanding promisory

note and the related interest expenses.

During the years ended 31 March 2025 and 2024,

Shenzhen Pengyuan provided carpark to the Group for

carparking operation of which no charge was made by

Shenzhen Pengyuan.

Details of balances with related parties at the end of the

reporting period are set out in notes 21, 24, 28 and 29 to

the consolidated financial statements respectively.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

198China Briliant Global Limited I Anual Report 2024/25

39. 重大非现金交易

本集团开展了以下主要的非现金投资业

务，该等业务未在综合现金流量表中反

映：

截至二零二五年三月三十一日止年度

截至二零二五年三月三十一日止年度，

本集团收购香港乐图控股有限公司的

51%股权，详情于综合财务报表附注46

披露，代价以发行最多15,399,423股本

公司普通股偿付。

截至二零二四年三月三十一日止年度

于二零二三年七月七日，本集团将Darling

Paganini的全部股权出售予独立第三方，

代价为10,000港元。截至报告期末，该

代价尚未结算，计入其他应收款项。

于二零二三年七月三十日，深圳市朗华

物业服务董事会宣布以抵销深圳市鹏远

应付款项约人民币11,000,000元（相当于

约11,883,000港元）的方式向深圳市鹏远

支付股息。股息于二零二三年八月二十五

日派付。

于二零二三年十月五日，本集团完成向

张先生出售智朗控股3,794股普通股，代

价为交换深圳市朗华物业服务全部股权

并以未偿还承付票据及相关利息开支抵

销。

截至二零二四年三月三十一日止年度，

本集团收购若干以于截至二零二三年

三月三十一日止年度预付的预付款项约

211,000港元结算的无形资产。

39. MAJOR NON-CASH TRANSACTIONS

The Group entered into the folowing major non-cash investing

activities which are not reflected in the consolidated statement of

cash flows:

For the year ended 31 March 2025

During the year ended 31 March 2025, the Group acquired 51%

interests in acquisition of Hong Kong Letu Holdings Limited

with details disclosed in Note 46 to the consolidated financial

statements, with a consideration satisfied by the maximum

isuance of 15,399,423 ordinary shares of the Company.

For the year ended 31 March 2024

On 7 July 2023, the Group disposed the entire equity interests

in Darling Paganini to an independent third party with the

consideration of HK$10,000. Such consideration was not yet

setled at the end of the reporting period and included in other

receivables.

On 30 July 2023, the Board of the Shenzhen CBPS has declared

the payment of dividends to the Shenzhen Pengyuan by the

way of ofseting with amount due from Shenzhen Pengyuan of

RMB11,000,000 (equivalents to aproximately HK$11,883,000).

The dividend was paid on 25 August 2023.

On 5 October 2023, the Group completed to dispose 3,794

ordinary shares in Brilink Holdings to Mr. Zhang with the

consideration of exchange the entire equity interest on Shenzhen

CBPS and set-of with outstanding promisory note and the

related interest expenses.

During the year ended 31 March 2024, the Group acquired

certain intangible asets setled by prepayment of aproximately

HK$211,000 which prepaid during the year ended 31 March

2023.

240,934
—
240,934
29,641
—
927
1,606
82,174
27,315
141,663

1,900
25,213
3,647
2,800
20,181
—
51,841

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司199

40. 按类别划分之金融工具

于报告期末，各类金融工具之账面值如

下：

金融资产

金融负债

40. FINANCIAL INSTRUMENTS BY CATEGORY

The carying amounts of each of the categories of financial

instruments as at the end of the reporting period are as folows:

Financial asets

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Financial asets at FVTPL:按公平价值计入损益之

金融资产：

— Unlisted equity securities— 非上市股本证券240,994

— Non-curent asets clasified as held

for sale

— 分类为持作出售的

非流动资产5,200

246,194

Amortised cost:摊销成本：

— Trade receivables— 贸易应收账款435

— Loan receivables— 应收贷款10,491

— Deposits and other receivables— 订金及其他应收款项1,043

— Amount due from a former asociate— 应收前联营公司款项1,235

— Amounts due from related companies— 应收关联公司款项85,986

— Cash and cash equivalents— 现金及现金等值物15,248

114,438

Financial liabilities

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Financial liabilities at FVTPL:按公平价值计入损益之

金融负债：

— Contingent consideration payable— 应付或然代价—

Amortised cost:摊销成本：

— Trade payables— 贸易应付账款575

— Other payables and acruals— 其他应付款项及应计款项2,832

— Amounts due to related companies— 应付关联公司款项10,273

— Amounts due to directors— 应付董事款项20,158

— Lease liabilities— 租赁负债65

33,903

—	—	240,934	240,934
—	—	1,900	1,900

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

200China Briliant Global Limited I Anual Report 2024/25

41. 金融工具之公平价值

就财务申报而言，本集团部分金融工具

乃按公平价值计量。

估计公平价值时，本集团尽量使用市场

可观察数据。对具公平价值层级第三

层下重大不可观察输入数据的工具，本

集团会委聘合资格第三方估值师进行估

值。管理层与该合资格外聘估值师紧密

合作，确立适当估值技术及该模式之输

入值。管理层于各报告期末向董事汇报

调研结果，以解释公平价值波动之原

因。

本集团按经常基准按公平价值计量

的金融资产及金融负债的公平价值

本集团若干金融资产及金融负债于各报

告期末按公平价值计量。下表载列有关

如何厘定该等金融资产及金融负债公平

价值（特别是所用估值技术及输入值）的

资料。

41. FAIR VALUE OF FINANCIAL INSTRUMENTS

Some of the Group’s financial instruments are measured at fair

value for financial reporting purposes.

In estimating the fair value, the Group uses market-observable

data to the extent it is available. For instruments with significant

unobservable input under level 3 of fair value hierarchy, the

Group engages third party qualified valuers to perform the

valuation. The management works closely with the qualified

external valuers to establish the apropriate valuation techniques

and inputs to the model. The management reports the findings

to the directors at the end of each reporting period to explain the

cause of fluctuations in the fair value.

Fair value of the Group’s financial asets and financial

liabilities that are measured at fair value on a recuring

basis

Some of the Group’s financial asets and financial liabilities are

measured at fair value at the end of each reporting period. The

folowing table gives information about how the fair values of

these financial asets and financial liabilities are determined (in

particular, the valuation technique(s) and inputs used).

Level 1Level 2Level 3Total

第一层第二层第三层总计

HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元

Fair value hierarchy

as at 31 March 2025

于二零二五年

三月三十一日的

公平价值层级

Financial asets at FVTPL按公平价值计入

损益之金融资产

— Unlisted equity securities— 非上市股本证券

Financial liabilities at FVTPL按公平价值计入损益

之金融负债

— Contingent consideration

payable

— 应付或然代价

Fair value hierarchy

as at 31 March 2024

于二零二四年

三月三十一日的

公平价值层级

Financial asets at FVTPL按公平价值计入

损益之金融资产

— Unlisted equity securities— 非上市股本证券—240,994240,994

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司201

（续）

本集团按经常基准按公平价值计量

的金融资产及金融负债的公平价值

（续）

本集团之政策为确认于导致转拨之事件

或情况变动出现之日结束时的公平价值

层级等级间转拨。

截至二零二五年及二零二四年三月三十一

日止年度，第一层与第二层之间并没有

转移，亦没有转入或转出第三层。

有关第三层公平价值计量的资料

按公平价值计入损益之金融资产及承付

票据公平价值计量的对账分别载于综合

财务报表附注19及32。

公平价值变动计入「其他收益及亏损净

额」。

按公平价值以外计账之金融资产及

金融负债之公平价值

于二零二五年及二零二四年三月三十一

日，本集团按摊销成本计账之金融资产

及金融负债之账面值与其公平价值并无

重大差异。

41. FAIR VALUE OF FINANCIAL INSTRUMENTS

(Continued)

Fair value of the Group’s financial asets and financial

liabilities that are measured at fair value on a recuring

basis (Continued)

The Group’s policy is to recognise transfers into and out of fair

value hierarchy levels at the end of the date of the events or

change in circumstances that caused the transfer.

During the years ended 2025 and 2024, there were no transfers

betwen level 1 and level 2, or transfers into or out of level 3.

Information about level 3 fair value measurements

Valuation

techniques

Significant

unobservable

input

Range of

unobservable

inputs

Relation of significant

unobservable

inputs to fair value

估值技术

重大不可观察

输入值

不可观察

输入值范围

重大不可观察输入值

与公平价值的关系

As at 31 March 2025于二零二五年三月

三十一日

Financial asets at

FVTPL

按公平价值计入

损益之金融资产

Discounted cash

flow method

贴现金流法

Long-term growth

rate

长期增长率

3%The higher long-term growth rate, the

higher fair value of the investment,

and vice versa

长期增长率越高，投资的公平价值

越高，反之亦然

Discount rate

贴现率

19.99%The higher discount rate, the lower

fair value of the investment, and

vice versa

贴现率越高，投资的公平价值越低，

反之亦然

Contingent

consideration

payable

应付或然代价Income aproach

收益法

Risk fre rate

无风险利率

2.87%–3.02%The higher discount rate, the lower

fair value of the investment, and

vice versa

贴现率越高，投资的公平价值越低，

反之亦然

As at 31 March 2024于二零二四年三月

三十一日

Financial asets at

FVTPL

按公平价值计入

损益之金融

资产

Market aproach

市场法

Recent transaction

price

近期交易价

Increase in transaction price, increase

the fair value

提高交易价，提高公平价值

The reconciliation of fair value measurement of financial asets

at fair value through profit or los and promisory note is set

out in notes 19 and 32 to the consolidated financial statements

respectively.

Fair value change is included in “other gains and loses, net”.

Fair value of financial asets and financial liabilities

caried at other than fair value

The carying amounts of the Group’s financial asets and

financial liabilities caried at amortised cost were not materialy

diferent from their fair values as at 31 March 2025 and 2024.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

202China Briliant Global Limited I Anual Report 2024/25

42. 财务风险管理目标及政策

本集团之主要金融工具包括应收贷款、

贸易应收账款、订金及其他应收款项（不

包括其他应收税款）、应收关联公司款

项、应收前联营公司款项、现金及现金

等值物、贸易应付账款、其他应付款项

及应计款项（不包括应收员工成本、其

他应付税款及预收款项）、应付关联公

司款项、应付董事款项及租赁负债。本

集团金融工具的详情于综合财务报表相

关附注中披露。

本集团之主要风险管理目标为审慎管理

与金融市场不可预测性有关之风险。该

等风险以风险程度及其对本集团财务表

现及财务状况之影响计量。

于整个回顾年度，本集团继续实施禁止

金融工具买卖之政策。管理层致力透过

密切监察个别风险尽量减少该等风险对

本集团之不利影响。

金融工具所产生之主要风险为信贷风

险及减值评估、流动资金风险、利率风

险及外币风险。管理层审阅并协定管

控以上各种风险之政策，有关资料概述

如下。于截至二零二五年及二零二四年

三月三十一日止年度各年，风险管理目

标、政策、流程及风险计量方法概无变

动。

(a) 信贷风险及减值评估

于二零二五年及二零二四年三月

三十一日，本集团的信贷风险主要

与按摊销成本计量之金融资产（包

括应收贷款、贸易应收账款、订金

及其他应收款项、应收关联公司

款项、应收前联营公司款项及银

行结余）有关。

于二零二五年及二零二四年三月

三十一日，因对手方未能履行义务

而将对本集团造成财务亏损的本

集团最大信贷风险敞口来自综合

财务状况表所列各项已确认金融

资产的账面值。

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES

The major financial instruments of the Group included loan

receivables, trade receivables, deposits and other receivables

(excluded other tax receivables), amounts due from related

companies, amount due from a former asociate, cash and

cash equivalents, trade payables, other payables and acruals

(exclude acrued staf costs, other tax payables and receipt

in advance), amounts due to related companies, amounts

due to directors and lease liabilities. Details of the financial

instruments for the Group are disclosed in respective notes to

the consolidated financial statements.

The principal risk management objective of the Group is to

manage the risks asociated to the unpredictability of financial

markets in a prudent maner. They are measured by degre

of such risks and their efects to the financial performance and

financial positions of the Group.

It is, and has ben, throughout the year under review, the

Group’s policy that no trading in financial instruments shal be

undertaken. The management seks to minimise the adverse

efects of such risks to the Group by closely monitoring individual

exposure.

The main risks arising from the financial instruments are credit

risk and impairment asesment, liquidity risk, interest rate

risk and foreign curency risk. The management reviews and

agres policies for managing each of these risks and they

are sumarised below. No changes were made in the risk

management objectives, policies, proceses and the methods

used to measure the risks during each of the years ended 31

March 2025 and 2024.

(a) Credit risk and impairment asesment

The Group’s credit risk is primarily atributable to financial

asets at amortised cost (including loan receivables, trade

receivables, deposits and other receivables, amounts

due from related companies, amount due from a former

asociate and bank balances) as at 31 March 2025 and

2024.

As at 31 March 2025 and 2024, the maximum exposure

to credit risk of the Group which wil cause a financial los

to the Group due to failure to discharge an obligation by

the counterparties is arising from the carying amount of

the respective recognised financial asets as stated in the

consolidated statement of financial position.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司203

（续）

(a) 信贷风险及减值评估（续）

为尽量降低信贷风险，董事已委派

团队负责厘定信贷限额及信贷批

核。本集团已制订其他监控程序，

以确保采取跟进行动收回逾期债

务。

本集团的内部信贷风险评级评估

包括以下类别：

贸易应收账款

本集团根据预期信贷亏损模式，

对贸易应收账款进行减值评估并

使用具有逾期状况分组或个别基

准（如适用）的拨备矩阵进行分组。

就此，董事认为本集团的信贷亏

损已大幅降低。

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(a) Credit risk and impairment asesment

(Continued)

In order to minimise the credit risk, the directors have

delegated a team responsible for determination of credit

limits and credit aprovals. Other monitoring procedures

are in place to ensure that folow-up action is taken to

recover overdue debts.

The Group’s internal credit risk grading asesment

comprises the folowing categories:

Internal credit ratingDescriptionTrade receivablesOther financial asets

内部信贷评级说明贸易应收账款其他金融资产

Low riskThe counterparty has a low risk of default and does

not have any past-due amounts

Lifetime ECL — (not credit-

impaired)

12m ECL

低风险交易对手的违约风险较低，且并无任何逾期款项全期预期信贷亏损－未发

生信贷减值

十二个月预期信贷亏损

Watch listDebtor frequently repays after due dates but

usualy setle in ful

Lifetime ECL — (not credit-

impaired)

12m ECL

观察名单债务人经常于到期日后还款，但通常全数结清全期预期信贷亏损－未发

生信贷减值

十二个月预期信贷亏损

DoubtfulThere have ben significant increases in credit risk

since initial recognition through information

developed internaly or external resources

Lifetime ECL — (not credit-

impaired)

Lifetime ECL — (not credit-

impaired)

可疑信贷风险自最初确认以来显著增加（透过内部或

外部资源开发的信息）

全期预期信贷亏损－未发

生信贷减值

全期预期信贷亏损－未发

生信贷减值

LosThere is evidence indicating the aset is credit-

impaired

Lifetime ECL — (credit-

impaired)

Lifetime ECL — (credit-

impaired)

亏损有证据显示该资产已发生信贷减值全期预期信贷亏损－已发

生信贷减值

全期预期信贷亏损－已发

生信贷减值

Write ofThere is evidence indicating that the debtor is in

severe financial dificulty and the Group has no

realistic prospect of recovery, or in the case of

trade receivables, when the amounts are over

thre years past due, whichever ocurs soner

Amount is writen ofAmount is writen of

撇销有证据显示债务人处于严重的财务困境，本集团

不认为日后可收回有关款项，或就贸易应收账

款而言，当款项逾期超过三年（以较早发生者

为准）

撇销有关金额撇销有关金额

Trade receivables

The Group performs impairment asesment under ECL

model on trade receivables are grouped using a provision

matrix with past due status grouping or individual basis as

apropriate. In this regard, the directors consider that the

Group’s credit risk is significantly reduced.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

204China Briliant Global Limited I Anual Report 2024/25

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(a) Credit risk and impairment asesment

(Continued)

Loan receivables from lending busines

The directors estimate the estimated los rates of loan

receivables based on historical credit los experience of

the debtors. Except for loan receivables with the amounts

of aproximately HK$3,836,000 (2024: HK$3,836,000)

where clasified as los, al other loan receivables are

clasified as low risk (2024: low risk) as at 31 March 2025.

Based on asesment by the directors, except for a loan

from a customer of aproximately of HK$3,836,000 (2024:

HK$3,836,000), the los given default is low in view of

the history of default and the estimated realised amount

of ultimate disposal of the colaterals. An alowance for

credit loses of aproximately HK$3,836,000 (2024:

HK$3,836,000) was recognised as at 31 March 2025 (note

22).

Amount(s) due from a former asociate/related companies

The Group regularly monitors the busines performance

of a former asociate/related companies. The Group’s

credit risks in these balances are mitigated through the

value of the asets held by these entities and the power

to participate the relevant activities of these entities.

Alowance for credit loses for amount due from a former

asociate and amounts due from related companies

of aproximately nil and HK$17,919,000 (2024: nil and

HK$17,189,000) was clasified as 12m ECL as at 31 March

2025 while amounts of aproximately HK$7,934,000 (2024:

HK$7,934,000) was clasified as lifetime ECL (not credit-

impaired).

Deposits and other receivables

For deposits and other receivables, the directors make

periodic individual asesment on the recoverability

of other receivables and deposits based on historical

setlement records, past experience, and also quantitative

and qualitative information that is reasonable and

suportive forward-loking information. An alowance for

credit loses of aproximately HK$6,000 (2024: HK$6,000)

was recognised under 12m ECL as at 31 March 2025

while amounts of aproximately HK$3,000,000 (2024:

HK$3,000,000) was clasified as lifetime ECL (credit-

impaired).

（续）

(a) 信贷风险及减值评估（续）

借贷业务应收贷款

董事基于债务人的过往信贷亏损

经验估计应收贷款的估计亏损率。

于二零二五年三月三十一日，除

金额约为3,836,000港元（二零二四

年：3,836,000港元）并归类为亏损

的应收贷款外，所有其他应收贷款

均归类为低风险（二零二四年：低

风险）。根据董事的评核，除金额

约为3,836,000港元（二零二四年：

3,836,000港元）的客户贷款外，鉴

于违约记录及最终出售担保之估

计变现金额，违约造成的亏损较

低。于二零二五年三月三十一日确

认信贷亏损拨备约3,836,000港元

（二零二四年：3,836,000港元）（附

注22）。

应收前联营公司╱关联公司之款项

本集团定期监察前联营公司╱关

联公司的业务表现。本集团于该等

结余中的信贷风险可借由该等实体

所持有资产价值及参与该等实体

相关活动的权力得以缓和。于二零

二五年三月三十一日，应收前联营

公司款项及应收关联公司款项之

信贷亏损拨备约为零及17,919,000

港元（二零二四年：零及17,189,000

港元）分类为十二个月预期信贷亏

损，而约7,934,000港元（二零二四

年：7,934,000港元）则分类为全期

预期信贷亏损（未发生信贷减值）。

订金及其他应收款项

就订金及其他应收款项而言，董事

根据历史结算记录、过往经验以及

合理且具理据支持的前瞻性定量及

定性资料，定期对其他应收款项及

订金的可收回性进行个人评估。于

二零二五年三月三十一日根据十二个

月预期信贷亏损确认信贷亏损拨备

约6,000港元（二零二四年：6,000港

元），而约3,000,000港元（二零二四

年：3,000,000港元）的金额则归类

为全期预期信贷亏损（信贷减值）。

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司205

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(a) Credit risk and impairment asesment

(Continued)

Bank balances

The Group deposited bank balances with aproved and

reputable banks. Bankruptcy or insolvency of banks may

cause the Group’s right with respect to bank balances held

to be delayed or limited. The directors monitor the credit

rating of these banks on an ongoing basis, and considered

that the Group’s exposure to credit risk as at 31 March

2025 and 2024 were minimal.

Loan receivables and trade receivables as at 31 March

2025 contributed by the largest customer of the Group

was aproximately 85% (2024: 44%) which represents a

customer with credit terms of 2 months (2024: a corporate

borower with credit terms of 2 months). Loan and trade

receivables as at 31 March 2025 contributed by the five

largest customers of the Group was aproximately 99%

(2024: 98%) which include corporate borowers from

lending busines (2024: corporate borowers from lending

busines). The credit term ranges from 1 month to 1 year

(2024: 1 month to 1 year). Concentration of credit risk is

managed by control over credit term over the individual

customers.

（续）

(a) 信贷风险及减值评估（续）

银行结余

本集团将银行结余存入于认可及信

誉良好的银行。银行破产或无力

偿还可能导致本集团就其所持有

的银行结余的权利被延迟或受到

局限。董事持续监察该等银行信

贷评级，并认为本集团于二零二五

年及二零二四年三月三十一日所承

受的信贷风险属轻微。

本集团最大客户应占于二零二五年

三月三十一日之应收贷款及贸易

应收账款约为85%（二零二四年：

44%），即信贷期为2个月的客户（二

零二四年：信贷期为2个月的企业

借款人）。本集团五大客户应占于

二零二五年三月三十一日之应收贷

款及贸易应收账款约为99%（二零

二四年：98%），包括来自借贷业务

的企业借款人（二零二四年：来自

借贷业务的企业借款人）。信贷期

介乎1个月至1年（二零二四年：1个

月至1年）。本集团透过控制个别客

户之信贷期管理集中信贷风险。

—	29,641	—

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

206China Briliant Global Limited I Anual Report 2024/25

（续）

(a) 信贷风险及减值评估（续）

按集体基准计量预期信贷亏损

于二零二五年三月三十一日，贸易

应收账款按拨备矩阵评估。于二零

二四年三月三十一日，除被视为信

贷减值的贸易应收账款约3,137,000

港元按个别基准评估预期信贷亏

损外，贸易应收账款按拨备矩阵

评估。下表提供有关本集团于二零

二五年三月三十一日就贸易应收账

款所面临之信贷风险及预期信贷

风险资料：

于二零二五年三月三十一日

于二零二四年三月三十一日

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(a) Credit risk and impairment asesment

(Continued)

Measurement of ECL on colective basis

As at 31 March 2025, trade receivables are asesed

based on provision matrix. As at 31 March 2024, trade

receivables are asesed based on provision matrix except

for trade receivables with the amounts of aproximately

HK$3,137,000 which considered as credit-impaired was

asesed ECL on individual basis. The folowing table

provides information about the Group’s exposure to credit

risk and ECLs for trade receivables as at 31 March 2025:

As at 31 March 2025

Average

expected

los rate

Gros

carying

amounts

Los

alowance

平均预期亏损率总账面值亏损拨备

HK$’000HK$’000

千港元千港元

Neither past due nor impaired既未逾期亦未出现

减值

As at 31 March 2024

Average

expected

los rate

Gros

carying

amounts

Los

alowance

平均预期亏损率总账面值亏损拨备

HK$’000HK$’000

千港元千港元

(Restated)(Restated)

（经重列）（经重列）

Neither past due nor impaired既未逾期亦未出现

减值—378—

1—90 past due逾期1至90天—57—

435—

—	—	—

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司207

（续）

(a) 信贷风险及减值评估（续）

平均预期亏损率基于过往数年的

实际亏损经历。该等比率已经调

整以反映期内经济状况与所收集

的过往数据之间的差额，现有状

况及本集团对应收账款预计年期

内的经济状况的见解。

下表载列根据简化方法已确认贸

易应收账款的全期预期信贷亏损

变动：

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(a) Credit risk and impairment asesment

(Continued)

Average expected los rates are based on actual los

experience over the past years. These rates are adjusted

to reflect diferences betwen economic conditions during

the period over which the historic data has ben colected,

curent conditions and the Group’s view of economic

conditions over the expected lives of the receivables.

The folowing table shows the movement in lifetime ECL

of trade receivables that has ben recognised under

simplified aproach:

Lifetime ECL

(not credit-

impaired)

Lifetime

ECL (credit-

impaired)Total

全期预期信贷

亏损（未发生

信贷减值）

全期预期

信贷亏损

（信贷减值）总计

HK$’000HK$’000HK$’000

千港元千港元千港元

As at 1 April 2023于二零二三年

四月一日174—174

Impairment loses recognised已确认减值亏损—3,0683,068

Impairment loses reversed已拨回减值亏损(1)—(1)

Transfer to lifetime ECL (credit-

impaired)

转拨至全期预期信贷

亏损（信贷减值）(169)169—

Exchange alignment汇兑调整(4)(100)(104)

As at 31 March 2024 and

1 April 2024

于二零二四年

三月三十一日及

二零二四年

四月一日—3,1373,137

Impairment loses reversed已拨回减值亏损—(3,175)(3,175)

Exchange alignment汇兑调整—3838

As at 31 March 2025于二零二五年

三月三十一日

—	3,836	3,836

—

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

208China Briliant Global Limited I Anual Report 2024/25

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(a) Credit risk and impairment asesment

(Continued)

The folowing table shows the reconciliation of los

alowance of loan receivables from lending busines that

has ben recognised under general aproach:

12m ECL

Lifetime ECL

(credit-impaired)Total

十二个月预期

信贷亏损

全期预期

信贷亏损

（信贷减值）总计

HK$’000HK$’000HK$’000

千港元千港元千港元

As at 1 April 2023于二零二三年四月一日1,4602,4883,948

Impairment loses recognised已确认减值亏损—1,3481,348

Impairment loses reversed已拨回减值亏损(1,460)—(1,460)

As at 31 March 2024, 1 April 2024

and 31 March 2025

于二零二四年三月三十一日、

二零二四年四月一日及

二零二五年三月三十一日

The folowing table shows the reconciliation of los

alowance of loans and advances to customers from

fintech busines (discontinued in October 2023) that has

ben recognised under general aproach:

12m ECL

十二个月预期

信贷亏损

HK$’000

千港元

As at 1 April 2023于二零二三年四月一日659

Impairment loses reversed已拨回减值亏损(659)

As at 31 March 2024, 1 April 2024 and

31 March 2025

于二零二四年三月三十一日、二零二四年

四月一日及二零二五年三月三十一日

（续）

(a) 信贷风险及减值评估（续）

下表载列采用一般方法确认的借

贷业务应收贷款亏损拨备的对账：

下表载列采用一般方法确认的金

融科技业务（于二零二三年十月终

止经营）客户贷款及预付款亏损拨

备的对账：

6	3,000	3,006

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司209

（续）

(a) 信贷风险及减值评估（续）

下表载列采用一般方法确认的订

金及其他应收款项亏损拨备的对

账：

下表载列采用一般方法确认的应

收前联营公司款项亏损拨备的对

账：

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(a) Credit risk and impairment asesment

(Continued)

The folowing table shows the reconciliation of los

alowance of deposits and other receivables that has ben

recognised under general aproach:

12m ECL

Lifetime

ECL (credit-

impaired)Total

十二个月预期

信贷亏损

全期预期

信贷亏损

（信贷减值）总计

HK$’000HK$’000HK$’000

千港元千港元千港元

As at 1 April 2023

31 March 2024,

1 April 2024 and

31 March 2025

于二零二三年

四月一日、

二零二四年

三月三十一日、

二零二四年

四月一日及

二零二五年

三月三十一日

The folowing table shows the reconciliation of los

alowance of amount due from a former asociate that has

ben recognised under general aproach:

12m ECL

Lifetime ECL

(not credit-

impaired)Total

十二个月预期

信贷亏损

全期预期

信贷亏损

（未发生

信贷减值）总计

HK$’000HK$’000HK$’000

千港元千港元千港元

As at 1 April 2023于二零二三年四月一日4,275—4,275

Impairment loses recognised已确认减值亏损—3,6593,659

Transfer to lifetime ECL

(credit-impaired)

转拨至全期预期信贷亏损（信贷

减值）(4,275)4,275—

As at 31 March 2024,

1 April 2024 and 31 March 2025

于二零二四年三月三十一日、

二零二四年四月一日及

二零二五年三月三十一日—7,9347,934

17,919

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

210China Briliant Global Limited I Anual Report 2024/25

（续）

(a) 信贷风险及减值评估（续）

下表载列采用一般方法确认的应

收关联公司款项亏损拨备的对账：

截至二零二五年三月三十一日止年

度，预期信贷亏损约2,445,000港

元的减值亏损拨备已于综合损益

及其他全面收益表内拨回。

截至二零二四年三月三十一日止年

度，预期信贷亏损约23,803,000港

元的减值亏损拨备于综合损益及

其他全面收益表内予以确认。

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(a) Credit risk and impairment asesment

(Continued)

The folowing tables shows the reconciliation of los

alowance of amounts due from related companies that has

ben recognised under general aproach:

12m ECL

十二个月预期

信贷亏损

HK$’000

千港元

As at 1 April 2023于二零二三年四月一日—

Impairment los recognised已确认减值亏损17,189

As at 31 March 2024 and 1 April 2024 于二零二四年三月三十一日及

二零二四年四月一日17,189

Impairment los recognised已确认减值亏损730

As at 31 March 2025于二零二五年三月三十一日

During the year ended 31 March 2025, amounts of

aproximately HK$2,445,000 of impairment los alowance

for ECL was reversed in the consolidated statement of

profit or los and other comprehensive income.

During the year ended 31 March 2024, amounts of

aproximately HK$23,803,000 of impairment los

alowance for ECL was recognised in the consolidated

statement of profit or los and other comprehensive

income.

—	25,213	—	—	25,213	25,213
—	3,647	—	—	3,647	3,647
—	1,560	340	—	1,900	1,900
2.5	20,181	—	—	20,181	20,181
—	2,800	—	—	2,800	2,800
—	53,401	340	—	53,741	53,741

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司211

（续）

(b) 流动资金风险

流动资金风险指未能取得资金以

应付所有到期之合约财务承担之风

险。本集团之目标是采取稳健之财

务政策，藉著风险限额监察流动

资金比率，并设有应急资金计划，

确保本集团具备足够现金以应付

其运营需要。管理层透过持续监

察预测与实际现金流量及透过金

融资产及负债之到期情况配对来

管理流动资金风险。

于报告期末，本集团根据合约未折

现付款计算之金融负债之到期情

况如下：

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(b) Liquidity risk

Liquidity risk is the risk of non-availability of funds to met

al contractual financial comitments as they fal due. The

objective of the Group is to aply prudent treasury policy to

monitor liquidity ratios against risk limits with a contingency

plan for funding, to ensure the Group has suficient funding

for operation neds. The management manages liquidity

risk by continuously monitoring forecast and actual cash

flows, and by matching the maturity profiles of financial

asets and liabilities.

The maturity profile of the Group’s financial liabilities at

the end of the reporting period based on the contractual

undiscounted payments is as folows:

Weighted

average

interest rate

On demand

or within

one year

More than

one year

but les than

two years

More than

two year

but les than

five years

Total

undiscounted

cash flows

Total

carying

amount

加权平均

利率

按要求或

一年内

一年以上

但少于两年

两年以上

但少于五年

未折现金

流量总额账面值总额

%HK$’000HK$’000HK$’000HK$’000HK$’000

百分比千港元千港元千港元千港元千港元

As at 31 March 2025于二零二五年

三月三十一日

Trade payables贸易应付账款

Other payables and acruals其他应付款项及应计款项

Contingent consideration payable应付或然代价

Amounts due to directors应付董事款项

Amounts due to related companies应付关联公司款项

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

212China Briliant Global Limited I Anual Report 2024/25

（续）

(b) 流动资金风险（续）

本集团面临有关应付一名董事款项

（二零二四年：应付一名董事款项）

的公平价值利率风险。本集团亦

面临有关浮息银行结余（二零二四

年：浮息银行结余）的现金流量利

率风险。本集团的现金流量利率

风险主要集中于银行结余利率波

动及金融科技业务客户贷款及垫

款所产生的标准贸易融资利率或

香港银行同业拆息波动。本集团

旨在以浮息维持借贷。本集团根

据利率水平及展望，评估任何利率

变动所产生的潜在影响，以管理其

利率风险。管理层将审阅定息及

浮息中借贷的比例，并确保其处于

合理范围内。

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

(b) Liquidity risk (Continued)

Weighted

average

interest rate

On demand

or within

one year

More than

one year

but les than

two years

More than

two year

but les than

five years

Total

undiscounted

cash flows

Total

carying

amount

加权平均

利率

按要求或

一年内

一年以上

但少于两年

两年以上

但少于五年

未折现金

流量总额账面值总额

%HK$’000HK$’000HK$’000HK$’000HK$’000

百分比千港元千港元千港元千港元千港元

As at 31 March 2024于二零二四年

三月三十一日

Trade payables贸易应付账款—575—575575

Other payables and acruals其他应付款项及应计款项—2,832—2,8322,832

Amounts due to directors应付董事款项2.520,158—20,15820,158

Amounts due to related companies应付关联公司款项—10,273—10,27310,273

Lease liabilities租赁负债7.9166—6665

33,904—33,90433,903

The Group is exposed to fair value interest rate risk in

relation to amount due to a director (2024: amount due

to a director). The Group is also exposed to cash flow

interest rate risk in relation to variable-rate bank balances

(2024: variable-rate bank balances). The Group cash flow

interest rate risk is mainly concentrated on the fluctuation

of interest rates on bank balances and standard trade

finance rate or HIBOR arising from loans and advances

to customers from fintech busines. The Group aims at

keping borowings at variable rates. The Group manages

its interest rate exposures by asesing the potential

impact arising from any interest rate movements based on

interest rate level and outlok. The management wil review

the proportion of borowings in fixed and floating rates and

ensure they are within reasonable range.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司213

（续）

敏感度分析

下文敏感度分析乃根据非衍生工具

所面临的利率风险厘定。分析乃

假设于报告期末未偿还之金融工

具于整年度仍未偿还而编制。当

于内部向主要管理人员呈报利率

风险时使用上调或下调50个浮息

银行结余及浮息贷款的基点，即

管理层对利率可能合理变动的评

估。

倘利率上调╱下调50个基点而所

有其他变数维持不变，本集团截至

二零二五年三月三十一日止年度的

税后亏损将增加╱减少约111,000

港元（二零二四年：63,000港元），

主要由于本集团受其浮息银行结余

（二零二四年：浮息银行结余）的利

率影响。

(d) 外汇风险

本集团在香港及中国（二零二四年：

香港、中国及哈萨克斯坦）经营业

务，且大部分交易乃以港元、人民

币及美元（二零二四年：港元、人

民币、坚戈及美元）计值。外汇风

险主要来自以本集团功能货币以

外之其他货币计值的买卖交易、已

确认资产及负债。

本集团并无就港元兑美元面临外

汇风险，因该两种货币挂钩。

由于以人民币及坚戈计值之资产

及负债主要来自具有人民币及坚

戈功能货币的实体，因此本集团

认为并无有人民币及坚戈之重大

外汇风险。

本集团概无重大外汇率波动风

险。

42. FINANCIAL RISK MANAGEMENT

OBJECTIVES AND POLICIES (Continued)

Sensitivity analysis

The sensitivity analyses below have ben determined

based on the exposure to interest rates for non-derivative

instruments. The analysis is prepared asuming the

financial instruments outstanding at the end of the

reporting period were outstanding for the whole year.

A 50 basis point increase or decrease in variable-rate

bank balances and variable-rate loans are used when

reporting interest rate risk internaly to key management

personel and represents management’s asesment of

the reasonably posible change in interest rates.

If interest rates had ben 50 basis points higher/lower

and al other variables were held constant, the Group’s

post-tax los for the year ended 31 March 2025 would

increase/decrease by aproximately HK$111,000 (2024:

HK$63,000). This is mainly atributable to the Group’s

exposure to interest rates on its variable-rate bank

balances (2024: variable-rate bank balances).

(d) Foreign curency risk

The Group operates in Hong Kong and the PRC (2024:

Hong Kong, the PRC and Kazakhstan) and majority of

transactions are denominated in HK$, RMB and US$

(2024: HK$, RMB, KZT and US$). Foreign exchange risk

arises from trading transactions, recognised asets and

liabilities, which are denominated in a curency that is not

the functional curency of the Group.

The Group is not exposed to foreign exchange risk in

respect of HK$ against the US$ as long as this curency is

peged.

As asets and liabilities denominated in RMB and KZT

arise mainly from entities with functional curency of RMB

and KZT the Group considers there has no material foreign

curency risk exposure in respect of RMB and KZT.

The Group has no significant exposure to foreign exchange

rate fluctuations.

22,981
(27,315)
(4,334)
334,066
7%

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

214China Briliant Global Limited I Anual Report 2024/25

43. 资本管理

资本管理之主要目标为确保本集团能持

续营运，以向股东提供回报及维持最佳

资本架构以减少资金成本。

为维持或调整资本架构，管理层可能根

据状况之转变及相关资产风险特性调

整股息政策或资本架构政策。截至二零

二五年及二零二四年三月三十一日止年

度各年，资本管理之目标、政策或流程

并无变动。

于二零二五年及二零二四年三月三十一

日，本集团毋须遵守任何外界资本规

定。

资本与负债比率

董事定期检讨资本架构。为配合此次检

讨，董事将资金成本及与各资本类别有

关之风险纳入考虑。基于董事之推荐意

见，本集团将透过派付股息、发行新股

及赎回现有股份以及发行新债或赎回现

有债务平衡其整体资本架构。

于报告期末之资本与负债比率如下：

附注：

债务总额包括应付董事款项、应付关联公司款

项及租赁负债。

43. CAPITAL MANAGEMENT

The primary objectives of capital management are to safeguard

the Group’s ability to continue as a going concern in order to

provide returns for shareholders and to maintain an optimal

capital structure to reduce the cost of capital.

In order to maintain or adjust the capital structure, the

management may make adjustments on the dividend policy or

capital structure policy in light of changes in conditions and the

risk characteristics of the underlying asets. No changes were

made in the objectives, policies or proceses for managing

capital during each of the years ended 31 March 2025 and 2024.

As at 31 March 2025 and 2024, the Group is not subject to any

externaly imposed capital requirements.

Gearing ratio

The directors review the capital structure regularly. As part

of this review, the directors consider the cost of capital and

the risks asociated with each clas of capital. Based on

recomendations of the directors, the Group wil balance its

overal capital structure through payment of dividends, isue of

new share and redemption of existing shares as wel as the isue

of new debt or the redemption of existing debts.

The gearing ratio at the end of the reporting period was as

folows:

二零二五年二零二四年

HK$’000HK$’000

千港元千港元

Total debts (note)债务总额（附注）30,496

Cash and cash equivalents现金及现金等值物(15,248)

Net debt债务净额15,248

Equity atributable to owners of the Company本公司拥有人应占权益324,092

Total debts to equity ratio债务总额对权益比率9%

Note:

Total debts comprise amounts due to directors, amounts due to related

companies and lease liabilities.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司215

44. 退休福利计划

本集团根据香港强制性公积金计划条例

执行强积金计划。强积金计划之资产与

本集团资产于独立受托人控制下分开存

放。根据强积金计划，雇员须供款彼等

每月薪金5%或最高1,500港元，且彼等可

选择额外供款。雇员的每月供款以其每

月薪金5%或最高1,500港元（「强制供款」）

计算，且本集团对该强积金计划之唯一

责任为作出所规定的供款。

雇员于65岁退休时、死亡或完全丧失工

作能力时得享有100%雇员强制供款。

本集团位于中国附属公司之雇员为由中

国政府执行国家管理的退休福利计划之

成员。该附属公司须按其工资成本之若

干百分比向退休福利计划供款，为该等

福利拨资。本集团对该退休福利计划之

唯一责任为作出特定供款。

本集团代表其雇员根据哈萨克斯坦法律

规定代表其雇员作出年金供款并支付离

职福利。倘雇员退休，本集团的金融负

债终止及所有随后向退休雇员作出的付

款由国家退休金储蓄基金支付。

两个年度均无没收退休福利计划供款。

上述退休福利计划产生之供款于损益中

扣除。

44. RETIREMENT BENEFITS SCHEME

The Group operates a MPF Scheme under the Hong Kong

Mandatory Provident Fund Schemes Ordinance. The asets of

the MPF Scheme are held separately from those of the Group

in funds under the control of an independent truste. Under

the MPF Scheme, the employes are required to contribute

5% of their monthly salaries or up to a maximum of HK$1,500

and they can chose to make aditional contributions. The

employer’s monthly contributions are calculated at 5% of the

employe’s monthly salaries or up to a maximum of HK$1,500

(the “Mandatory Contributions”), and this is the only obligation of

the Group with respect to the MPF Scheme to make the required

contribution.

The employes are entitled to 100% of the employer’s Mandatory

Contributions upon their retirement at the age of 65, death or

total incapacity.

The employes of the Group’s subsidiaries in the PRC are

members of a state-managed retirement benefit scheme

operated by the government of the PRC. The subsidiary is

required to contribute certain percentage of its payrol costs to

the retirement benefit scheme to fund the benefits. The only

obligation of the Group with respect to the retirement benefit

scheme is to make the specified contribution.

On behalf of its employes, the Group makes pension

contributions and pays termination benefits prescribed by

legal requirements of Kazakhstan. When employes retire,

the Group’s financial liabilities terminate and al subsequent

payments to the retired employes are made by national pension

savings fund.

There was no forfeiture of retirement benefits scheme

contributions for both years.

The contributions arising from the above retirement benefits

scheme are charged to profit or los.

—	932	20,181	—	2,800	23,913

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

216China Briliant Global Limited I Anual Report 2024/25

45. 融资业务所产生负债之对账

下表详载本集团融资业务所产生负债之

变动，包括现金及非现金变动。融资业

务所产生负债为现金流量已或未来现金

流量将于本集团综合现金流量表分类为

融资业务的现金流量负债。

45. RECONCILIATION OF LIABILITIES ARISING

FROM FINANCING ACTIVITIES

The table below details changes in the Group’s liabilities arising

from financing activities, including both cash and non-cash

changes. Liabilities arising from financing activities are those for

which cash flows were, or future cash flows wil be, clasified in

the Group’s consolidated statement of cash flows as cash flows

from financing activities.

Lease

liabilities

Interest

payables

Amounts

due to

directors

Promisory

note

Amounts

due to

companiesTotal

租赁负债应付利息

应付

董事款项承付票据

应付关联

公司款项总计

HK$’000HK$’000HK$’000HK$’000HK$’000HK$’000

千港元千港元千港元千港元千港元千港元

As at 1 April 2023于二零二三年四月一日1,0974,285—58,1496,32969,860

Non-cash changes非现金变动

Los arising on fair value change of

financial liabilities at FVTPL (note 7)

按公平价值计入损益之金融负债

公平价值变动产生之亏损（附注7）—8,688—8,688

Interest expenses recognised (note 8)已确认利息开支（附注8）48436—484

Interest on promisory note承付票据利息—1,004—(1,004)—

Setlement of the consideration of the

Disposal

结清出售事项之代价

—(5,289)—(65,833)—(71,122)

Disposal of subsidiaries出售附属公司—(3,068)(3,068)

Exchange realignment汇兑调整—130130

Cash flows现金流量

— (Outflow)/inflow from financing

activities

— 来自融资业务之现金（流出）╱流入

(1,080)—20,158—6,88225,960

As at 31 March 2024 and

1 April 2024

于二零二四年三月三十一日

及二零二四年四月一日6543620,158—10,27330,932

Non-cash changes非现金变动

Interest expenses recognised (note 8)已确认利息开支（附注8）1496—497

Exchange realignment汇兑调整—(112)(112)

Cash flows现金流量

— Outflow from financing activities— 来自融资业务之现金流出(66)—23—(7,361)(7,404)

As at 31 March 2025于二零二五年三月三十一日

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司217

46. 业务合并

收购香港乐图控股有限公司及其附属

公司

于二零二四年十二月三十日，本集团完成

从Abundant Victory Group Limited收购

香港乐图控股有限公司（「香港乐图」）的

51%股权，最高总代价为5,359,000元。

香港乐图主要从事物业管理业务。

根据买卖协议，代价透过于二零二五

年至二零二七年期间不同时段发行

15,399,423股代价股份结清。结算支

付的代价股份数目可根据溢利保证作

出调整，当中Abundant Victory Group

Limited向本公司保证，香港乐图截至二

零二五年三月三十一日止九个月以及截

至二零二六年三月三十一日及二零二七

年三月三十一日止财政年度的除税后纯

利将不低于人民币900,000元、人民币

1,100,000元及人民币1,100,000元（「溢利

目标」）。倘于任何该等期间未能达成溢

利目标，将不会发行代价股份，而各阶

段代价将按每股出售股份面值1港元以

现金结清。

视乎香港乐图截至二零二五年三月三十一

日止九个月的经审核年度财务报表内所

达到的除税后纯利（「二零二五年溢利目

标」），第一阶段代价股份为按初始发行

价配发及发行4,370,689股代价股份或按

当时每股份市价（即于二零二五年三月

三十一日前连续5个交易日在联交所报

之每股平均收市价）（以发行价较高者为

准）计算之代价股份数目，前提是第一阶

段代价股份数目不得超过4,370,689股。

倘未达成二零二五年溢利目标，则不会

发行任何代价股份，而第一阶段代价将

按每股出售股份面值1.00港元以现金结

清，总额为7,140港元。

46. BUSINES COMBINATION

Acquisition of Hong Kong Letu Holdings Limited and

its subsidiary

On 30 December 2024, the Group completed the acquisition

of 51% of the equity interest of Hong Kong Letu Holdings

Limited (“Hong Kong Letu”) at maximum total consideration of

HK$5,359,000 from Abundant Victory Group Limited. Hong

Kong Letu principaly engaged in the busines of property

management.

Pursuant to the sales and purchase agrement, the

consideration shal be setled by way of isuing 15,399,423

consideration shares in diferent timeslots from 2025 to 2027.

The number of consideration shares for the setlement shal

be subject to the adjustment pursuant to the profit guarante,

in which Abundant Victory Group Limited guarantes to the

Company that the net profit after tax of Hong Kong Letu for

the nine months ending 31 March 2025, financial years ending

31 March 2026 and 31 March 2027 shal not be les than

RMB900,000, RMB1,100,000 and RMB1,100,000 (the “Profit

Target”). If the Profit Target is not satisfied in any such periods,

no Consideration Shares wil be isued and the respective

Tranche Consideration wil be fuly satisfied by cash of nominal

value of HK1 per Sale Share.

Subject to the net profit after tax for the nine months ending 31

March 2025 atained by Hong Kong Letu (“2025 Profit Target”)

on the audited anual financial statement, the 1st Tranche

Consideration Shares shal be the alotment and isuance of

4,370,689 Consideration Shares at the Initial Isue Price or such

number of Consideration Shares calculated based on the then

prevailing market price per Share being the average closing

price per Share as quoted on the Stock Exchange for the 5

consecutive trading days prior to 31 March 2025 (whichever the

isue price is higher) provided that the number of the 1st Tranche

Consideration Shares shal be no more than 4,370,689 Shares. If

the 2025 Profit Target is not fulfiled, no Consideration Shares wil

be isued and the 1st Tranche Consideration wil be fuly satisfied

by cash of nominal value of HK1 per Sale Share amounting to a

total of HK$7,140.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

218China Briliant Global Limited I Anual Report 2024/25

（续）

收购香港乐图控股有限公司及其附属

公司（续）

视乎香港乐图截至二零二六年三月三十一

日止财政年度的经审核年度财务报表内

所达到的除税后纯利（「二零二六年溢利

目标」），第二阶段代价股份为按初始发

行价配发及发行5,514,367股代价股份或

按当时每股份市价（即于二零二六年

三月三十一日前连续5个交易日在联交所

所报之每股平均收市价）（以发行价较高

者为准）计算之代价股份数目，前提是第

二阶段代价股份数目不得超过5,514,367

股。倘未达成二零二六年溢利目标，则

不会发行任何代价股份，而第二阶段代

价将按每股出售股份面值1.00港元以现

金结清，总额为9,180港元。

视乎香港乐图截至二零二七年三月三十一

日止财政年度的经审核年度财务报表内

所达到的除税后纯利（「二零二七年溢利

目标」），第三阶段代价股份为按初始发

行价配发及发行5,514,367股代价股份或

按当时每股份市价（即于二零二七年

三月三十一日前连续5个交易日在联交所

所报之每股平均收市价）（以发行价较高

者为准）计算之代价股份数目，前提是第

三阶段代价股份数目不得超过5,514,367

股。倘未达成二零二七年溢利目标，则

不会发行任何代价股份，而第三阶段代

价将按每股出售股份面值1.00港元以现

金结清，总额为9,180港元。

46. BUSINES COMBINATION (Continued)

Acquisition of Hong Kong Letu Holdings Limited and

its subsidiary (Continued)

Subject to the net profit after tax for the financial year ending 31

March 2026 atained by Hong Kong Letu (“2026 Profit Target”)

on the audited anual financial statement, the 2nd Tranche

Consideration Shares shal be the alotment and isuance of

5,514,367 Consideration Shares at the Initial Isue Price or such

number of Consideration Shares calculated based on the then

prevailing market price per Share being the average closing

price per Share as quoted on the Stock Exchange for the 5

consecutive trading days prior to 31 March 2026 (whichever

the isue price is higher) provided that the number of the 2nd

Tranche Consideration Shares shal be no more than 5,514,367

Shares. If the 2026 Profit Target is not fulfiled, no Consideration

Shares wil be isued and the 2nd Tranche Consideration wil be

fuly satisfied by cash of nominal value of HK1.00 per Sale Share

amounting to a total of HK$9,180.

Subject to the net profit after tax for the financial year ending 31

March 2027 atained by Hong Kong Letu (“2027 Profit Target”)

on the audited anual financial statement, the 3rd Tranche

Consideration Shares shal be the alotment and isuance of

5,514,367 Consideration Shares at the Initial Isue Price or such

number of Consideration Shares calculated based on the then

prevailing market price per Share being the average closing

price per Share as quoted on the Stock Exchange for the 5

consecutive trading days prior to 31 March 2027 (whichever

the isue price is higher) provided that the number of the 3rd

Tranche Consideration Shares shal be no more than 5,514,367

Shares. If the 2027 Profit Target is not fulfiled, no Consideration

Shares wil be isued and the 3rd Tranche Consideration wil be

fuly satisfied by cash of nominal value of HK1.00 per Sale Share

amounting to a total of HK$9,180.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司219

（续）

收购香港乐图控股有限公司及其附属

公司（续）

代价的公平价值按以下方式厘定：

于收购日期所收购的资产净值的详情如

下：

收购产生的商誉1,823,000港元来自物业

管理服务业务的增长及扩张后的潜在溢

利。概无已确认商誉预期可用于抵扣所

得税。

46. BUSINES COMBINATION (Continued)

Acquisition of Hong Kong Letu Holdings Limited and

its subsidiary (Continued)

The fair value of the consideration is determined as folows:

HK$’000

千港元

Derivative financial liabilities in relation to 2025

Profit Target

有关二零二五年溢利目标的衍生金融负债

1,220

Derivative financial liabilities in relation to 2026

Profit Target

有关二零二六年溢利目标的衍生金融负债

Derivative financial liabilities in relation to 2027

Profit Target

有关二零二七年溢利目标的衍生金融负债

Total consideration总代价2,000

Details of the net asets acquired as at the acquisition date are

as folows:

HK$’000

千港元

Total consideration总代价2,000

Non controling interest非控股权益333

Les: Fair value of net asets acquired

减：所收购的资产净值的公平价值

(510)

Godwil

商誉

1,823

The godwil of HK$1,823,000 arising from the acquisition is

atributable to the growth and profit potential in the expansion

of Property management services busines. None of the

godwil recognised is expected to be deductible for income tax

purposes.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

220China Briliant Global Limited I Anual Report 2024/25

（续）

收购香港乐图控股有限公司及其附属

公司（续）

于收购日期，收购香港乐图及其附属公

司产生的可识别资产及负债的公平价值

如下：

于收购日期至二零二五年三月三十一日

期间，香港乐图及其附属公司分别向本

集团贡献收益约人民币576,000港元及

除税后溢利约479,000港元。

倘业务合并于二零二四年四月一日进行，

本集团截至二零二五年三月三十一日止

年度的收益将增加约1,085,000港元，而

纯利则会增加988,000元。备考资料仅

作说明用途，不一定表示如香港乐图的

收购于二零二四年四月一日完成，本集

团实际上会实现的收益及经营业绩，亦

不拟作为未来业绩的预测。

46. BUSINES COMBINATION (Continued)

Acquisition of Hong Kong Letu Holdings Limited and

its subsidiary (Continued)

The fair values of the identifiable asets and liabilities arising from

the acquisition of Hong Kong Letu and its subsidiary as at the

date of acquisition:

HK$’000

千港元

Deposit and other receivables订金及其他应收款项723

Cash and cash equivalents现金及现金等价物160

Other payables and acruals其他应付款项及应计款项(373)

Fair value of net asets acquired所收购的资产净值的公平价值510

HK$’000

千港元

Net cash inflow from acquisition of subsidiaries:收购附属公司所得现金流入净额：

Consideration paid已付代价—

Cash and cash equivalents in subsidiaries

acquired

所收购附属公司的现金及现金等价物

Net cash inflow from acquisition of subsidiaries 收购附属公司所得现金流入净额160

Hong Kong Letu and its subsidiary contributed revenue of

aproximately HK$576,000 and profit after tax of aproximately

HK$479,000 to the Group from the date of acquisition to 31

March 2025.

Had the busines combination taken place on 1 April 2024,

revenue of the Group for the year ended 31 March 2025 would

have ben increase by aproximately HK$1,085,000 and net

profit would have increased by HK$988,000. The pro-forma

information is for ilustrative purposes only and is not necesarily

an indication of revenue and results of the operations of

the Group that actualy would have ben achieved had the

acquisition of Hong Kong Letu ben completed on 1 April 2024

nor are they intended to be a projection of future results.

2,545
(1,331)
(13)
(23,365)
659
(21,505)
—
(21,505)
(14,336)
(7,169)
(21,505)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司221

47. 已终止经营业务

于二零二三年十月五日，本集团完成向

张先生出售智朗控股3,794股普通股，代

价约为99,100,000港元，代价为交换深

圳市朗华物业服务全部股权并以未偿还

承付票据及相关利息支出抵销。智朗集

团从事金融科技业务。智朗集团的财务

业绩已被分类为已终止经营业务。所出

售资产及负债的详情及出售智朗集团所

得收益的计算方法于综合财务报表附注

48披露。

期内已计入综合损益及其他全面收益表

的已终止经营业务的业绩如下：

47. DISCONTINUED OPERATION

On 5 October 2023, the Group completed to dispose 3,794

ordinary shares in Brilink Holdings to Mr. Zhang of aproximately

HK$99,100,000 with the consideration of exchange the entire

equity interest on Shenzhen CBPS and set-of with outstanding

promisory note and the related interest expenses. Brilink

Group is engaged in Fintech Busines. The financial results

for the Brilink Group have ben clasified as discontinued

operation. Details of the asets and liabilities disposed of and the

calculation of the gain on disposal of Brilink Group, are disclosed

in note 48 to the consolidated financial statements.

The result of the discontinued operations for the period, which

have ben included in the consolidated statement of profit or

los and other comprehensive income, were as folows:

Period from

1 April 2023

to respective

date of the

disposal

自二零二三年

四月一日至

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

222China Briliant Global Limited I Anual Report 2024/25

（续）

来自已终止经营业务的期内亏损经

扣除╱（计入）下列各项后达致：

期内已终止经营业务的现金流量如下：

47. DISCONTINUED OPERATION (Continued)

Los for the period from discontinued operation has ben arived

at after charging/(crediting):

Period from

1 April 2023

to respective

date of the

disposal

自二零二三年

四月一日至相关

出售日期间

HK$’000

千港元

Amortisation of intangible asets无形资产摊销

Depreciation of property, plant and equipment物业、厂房及设备折旧

Impairment los recognised under expected credit los

model, net of reversal:

预期信贷亏损模式下确认的减值

亏损，扣除拨回：

— loan receivables—应收贷款

Expenses relating to short-term leases与短期租赁相关开支

Employe benefits expense:雇员福利开支：

— Wages, salaries, alowances and benefits in kind—薪金、薪酬、津贴及实物福利

— Employes share award scheme on subsidiary level—附属公司层面的雇员股份奖励

计划

— Retirement benefit scheme contribution—退休福利计划供款

Cash flows of the discontinued operation for the period were as

folows:

Period from

1 April 2023

to respective

date of the

disposal

自二零二三年

四月一日至相关

出售日期间

HK$’000

千港元

Net cash generated from operating activities经营业务所得现金净额

Net cash used in investing activities投资业务所用现金净额

Net cash from financing activities融资业务所得现金净额

Net cash inflow现金流入净额

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

2024/25 年报 I 朗华国际集团有限公司223

48. DISPOSAL OF SUBSIDIARIES

On 5 October 2023, the Group completed to dispose 3,794

ordinary shares in Brilink Holdings to Mr. Zhang with the

consideration of exchange the entire equity interest on Shenzhen

CBPS and set-of with outstanding promisory note and

the related interest expenses. Upon disposal of the above-

mentioned shares, the Group’s equity interests in Brilink

Holdings were decreased from 66.07% to 47.17%, the fair value

of investment retained by the Group were referenced to recent

transaction price.

Analysis of asets and liabilities over which control

was lost:

HK$’000

千港元

Property, plant and equipment (note 15)物业、厂房及设备（附注15）475

Intangible asets (note 17)无形资产（附注17）11,148

Loan receivables应收贷款67,360

Prepayments, deposits and other receivables预付款项、订金及其他应收款项1,188

Cash and cash equivalents现金及现金等值物83,313

Other payables and acruals其他应付款项及应计款项(1,104)

Amounts due to group companies应付集团公司款项(90,770)

Amounts due to related companies应付关联公司款项(3,068)

Deposits from customers来自客户之按金(77,517)

Net liabilities disposed of已出售负债净额(8,975)

Disposal of subsidiaries

HK$’000

千港元

Fair value of investment retained (note 19)所保留投资的公平价值（附注19）246,194

Set-of with promisory notes and relevant

acrued interests due to Mr. Zhang

以应付张先生承付票据及

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

综合财务报表附注

For the year ended 31 March 2025 截至二零二五年三月三十一日止年度

224China Briliant Global Limited I Anual Report 2024/25

（续）

出售产生之现金流出净额

49. 报告期后事项

于二零二五年三月三十一日后并无重大

事项。

50. 综合财务报表之核准

综合财务报表于二零二五年六月二十七

日获董事会批准及授权发布。

48. DISPOSAL OF SUBSIDIARIES (Continued)

Net cash outflow arising on disposal

HK$’000

千港元

Cash and cash equivalents balances disposed已出售现金及现金等值物余额(83,313)

Net cash outflow现金流出净额(83,313)

49. EVENTS AFTER THE REPORTING PERIOD

There was no significant events subsequent to 31 March 2025.

50. APROVAL OF THE CONSOLIDATED

FINANCIAL STATEMENTS

The consolidated financial statements were aproved and

authorised for isue by the board on 27 June 2025.

2024/25

Anual Report

年报

朗

华

国

际

集

团

有

限

公

司

年

报

2024/25

Anual Report

年报

Contents

目录

CORPORATE INFORMATION

公司资料

CORPORATE INFORMATION

公司资料

CORPORATE INFORMATION

公司资料

CHAIRMAN’S STATEMENT

主席报告

CHAIRMAN’S STATEMENT

主席报告

CHAIRMAN’S STATEMENT

主席报告

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

Authorised:法定：

Isued and fuly paid:已发行及缴足：

Notes:

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

MANAGEMENT DISCUSION AND ANALYSIS

管理层讨论及分析

DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层

2018. Mr. Zhang is in charge of the overal corporate strategies and

DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层

DIRECTORS AND SENIOR MANAGEMENT

董事及高级管理层

REPORT OF THE DIRECTORS

董事会报告

REPORT OF THE DIRECTORS

董事会报告

REPORT OF THE DIRECTORS

董事会报告

REPORT OF THE DIRECTORS

董事会报告

REPORT OF THE DIRECTORS

董事会报告

REPORT OF THE DIRECTORS

董事会报告

REPORT OF THE DIRECTORS

董事会报告

REPORT OF THE DIRECTORS

董事会报告

REPORT OF THE DIRECTORS

董事会报告

REPORT OF THE DIRECTORS