| 12. |
RELATED PARTY BALANCE AND TRANSACTIONS |
Nature of relationships
with related parties
SCHEDULE OF NATURE OF RELATIONSHIPS
WITH RELATED PARTIES
| Name |
|
Relationship |
| Mr. Zhao |
|
Chairman and Executive Director of the Company |
| Mr. Ting Kin Cheung (“Mr. Cheung”) |
|
Chief Executive Officer and Executive Director of the Company |
| Mr. Wie Hon Tan (“Mr. Tan”) |
|
Executive Director of Plutus Securities and Plutus AM |
| Aurum Hill Limited |
|
Entity controlled by management of the Company |
| Plutus Guardians Fund SPC (“Fund SPC”) and its subsidiaries |
|
Entity of which Plutus AM holds management share |
| Divine Star Ventures Limited |
|
Shareholder of the Company |
| Radiant Global Ventures Limited |
|
Shareholder of the Company |
PLUTUS FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Balances with related parties
SCHEDULE OF RELATED PARTY TRANSACTIONS
| | |
2023 | | |
2024 | | |
2024 | |
| | |
As of December 31, | |
| | |
2023 | | |
2024 | | |
2024 | |
| | |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| Loans to customers: | |
| | | |
| | | |
| | |
| Mr. Cheung | |
| 7,457 | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | |
| Receivables from customers: | |
| | | |
| | | |
| | |
| Fund SPC and its subsidiaries | |
| 1,125 | | |
| 343 | | |
| 44 | |
| | |
| | | |
| | | |
| | |
| Payables to customers: | |
| | | |
| | | |
| | |
| Mr. Zhao | |
| 20 | | |
| 59 | | |
| 8 | |
| Mr. Cheung | |
| 41 | | |
| 85 | | |
| 11 | |
| Fund SPC and its subsidiaries | |
| 11,921 | | |
| 5,289 | | |
| 680 | |
| | |
| | | |
| | | |
| | |
| Amounts due from related parties: | |
| | | |
| | | |
| | |
| Fund SPC and its subsidiaries | |
| 902 | | |
| 376 | | |
| 48 | |
| Divine Star Ventures Limited | |
| - | | |
| 16 | | |
| 2 | |
| Radiant Global Ventures Limited | |
| - | | |
| 16 | | |
| 2 | |
Transactions with related parties
SCHEDULE OF TRANSACTIONS WITH
RELATED PARTIES
| | |
2022 | | |
2023 | | |
2024 | | |
2024 | |
| | |
For the years ended December 31, | |
| | |
2022 | | |
2023 | | |
2024 | | |
2024 | |
| | |
HKD’000 | | |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| Securities brokerage commission: | |
| | | |
| | | |
| | | |
| | |
| Fund SPC and its subsidiaries | |
| - | | |
| 466 | | |
| 421 | | |
| 55 | |
| Mr. Cheung | |
| - | | |
| - | | |
| 89 | | |
| 11 | |
| | |
| | | |
| | | |
| | | |
| | |
| Asset management fee: | |
| | | |
| | | |
| | | |
| | |
| Fund SPC and its subsidiaries | |
| 3,120 | | |
| 1,003 | | |
| 1,350 | | |
| 174 | |
| | |
| | | |
| | | |
| | | |
| | |
| Interest income: | |
| | | |
| | | |
| | | |
| | |
| Mr. Cheung | |
| 449 | | |
| 416 | | |
| 452 | | |
| 58 | |
| Mr. Wong | |
| 13 | | |
| - | | |
| - | | |
| - | |
| Mr. Tan | |
| 2 | | |
| - | | |
| - | | |
| - | |
| Aurum Hill Limited | |
| 101 | | |
| - | | |
| - | | |
| - | |
Amounts due from related parties are unsecured, non-interest bearing of which no interest income was recognized on the funds advanced, and repayable
on demand. These balances are non-trade in nature.
Remuneration to senior management
for the years ended December 31, 2022, 2023 and 2024 were:
SCHEDULE OF REMUNERATION TO SENIOR MANAGEMENT
| | |
2022 | | |
2023 | | |
2024 | | |
2024 | |
| | |
For the years ended December 31, | |
| | |
2022 | | |
2023 | | |
2024 | | |
2024 | |
| | |
HKD’000 | | |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| | |
| | |
| | |
| | |
| |
| Salaries and other short term employee benefits | |
| 5,138 | | |
| 4,956 | | |
| 5,220 | | |
| 672 | |
| Payments to defined contribution pension schemes | |
| 67 | | |
| 71 | | |
| 72 | | |
| 9 | |
| Total | |
| 5,205 | | |
| 5,027 | | |
| 5,292 | | |
| 681 | |
PLUTUS FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
|