SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING INFORMATION

Key financial performance measures of the segments are as follows:

Year ended December 31, 2022

		Securities related services segment				Asset management services segment				Corporate				Total
		HKD’000				HKD’000				HKD’000				HKD’000
Revenues:
Revenues – excluding interest income			5,688				6,599				-				12,287
Revenues – interest income			6,990				-				-				6,990
Total revenues			12,678				6,599				-				19,277

Expenses:
Compensation and benefits			-				-				(8,732	)			(8,732	)
Commission expense			(458	)			(3,522	)			-				(3,980	)
Advertising and marketing
Lease expense			-				-				(1,398	)			(1,398	)
Legal and professional fee			(1,045	)			(27	)			(1,637	)			(2,709	)
Provision for allowance of expected credit losses on loans to customers
Writen-off of amount due from related parties
Other general and administrative			(3,016	)			(418	)			(61	)			(3,495	)
Total expenses			(4,519	)			(3,967	)			(11,828	)			(20,314	)

Other income – interest income			17				-				-				17
Other income			364				44				-				408
Total other income			381				44				-				425

Income (loss) before income taxes			8,540				2,676				(11,828	)			(612	)

Total assets			107,613				9,464				6,337				123,414
Total liabilities			(37,634	)			(3,356	)			(2,346	)			(43,336	)

Net assets			69,979				6,108				3,991				80,078

PLUTUS FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Year ended December 31, 2023

		Securities related services segment				Asset management services segment				Corporate				Total
		HKD’000				HKD’000				HKD’000				HKD’000

Revenues:
Revenues – excluding interest income			12,011				3,947				-				15,958
Revenues – interest income			5,981				-				-				5,981
Total revenues			17,992				3,947				-				21,939

Expenses:
Compensation and benefits			-				-				(7,550	)			(7,550	)
Commission expense			(42	)			(1,995	)							(2,037	)
Advertising and marketing			-				-				(2,254	)			(2,254	)
Lease expense			-				-				(1,261	)			(1,261	)
Legal and professional fee			(1,703	)			(413	)			(240	)			(2,356	)
Provision for allowance of expected credit losses on loans to customers			(10,944	)			-				-				(10,944	)
Other general and administrative			(2,439	)			(291	)			(86	)			(2,816	)
Total expenses			(15,128	)			(2,699	)			(11,391	)			(29,218	)

Other income – interest income			164				4				-				168
Other income			39				-				-				39
Total other income			203				4				-				207

Income (loss) before income taxes			3,067				1,252				(11,391	)			(7,072	)

Total assets			92,313				8,604				5,727				106,644
Total liabilities			(41,654	)			(1,993	)			(2,255	)			(45,902	)

Net assets			50,659				6,611				3,472				60,742

Year ended December 31, 2024

		Securities related services segment				Asset management services segment				Corporate				Total				Total
		HKD’000				HKD’000				HKD’000				HKD’000				US$’000
Revenues:
Revenues – excluding interest income			2,494				4,195				-				6,689				861
Revenues – interest income			3,059				-				-				3,059				394
Total revenues			5,553				4,195				-				9,748				1,255

Expenses:
Compensation and benefits			-				-				(8,633	)			(8,633	)			(1,111	)
Commission expense			(36	)			(2,502	)			-				(2,538	)			(327	)
Advertising and marketing			-				-				(608	)			(608	)			(78	)
Lease expense			-				-				(1,250	)			(1,250	)			(161	)
Legal and professional fee			(1,610	)			(152	)			(315	)			(2,077	)			(267	)
Reversal of (provision for) allowance of expected credit losses on loans to customers			1,427				(24	)			-				1,403				181
Other general and administrative			(2,938	)			(282	)			(57	)			(3,277	)			(422	)
Total expenses			(3,157	)			(2,960	)			(10,863	)			(16,980	)			(2,185	)

Other income – interest income			475				18				-				493				63
Other income			103				-				-				103				13
Total other income			578				18				-				596				76

Income (loss) before income taxes			2,974				1,253				(10,863	)			(6,636	)			(854	)

Total assets			54,106				8,308				9,315				71,729				9,232
Total liabilities			(12,259	)			(2,125	)			(2,126	)			(16,510	)			(2,124	)

Net assets			41,847				6,183				7,189				55,219				7,108