Goodwill (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Goodwill [Abstract] |
|
| Schedule of Goodwill |
The movement in goodwill is as follows:
| |
|
As of December 31, |
|
| |
|
2024 |
|
|
2025 |
|
| |
|
HK$ |
|
|
HK$ |
|
|
US$ |
|
| Balance at beginning of the year |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Addition (Note 4.2) |
|
|
— |
|
|
|
20,129,846 |
|
|
|
2,586,287 |
|
| Impairment of goodwill |
|
|
— |
|
|
|
(11,773,403 |
) |
|
|
(1,512,649 |
) |
| Balance at end of the year |
|
|
— |
|
|
|
8,356,443 |
|
|
|
1,073,638 |
|
|
| Schedule of Key Assumptions of Goodwill |
The following table sets out the key assumptions for MMPL as a single CGU:
| December 31, 2025 | |
| |
| Revenue annual growth rate | |
| 5.00 | % |
| Budgeted gross margin | |
| 50.00 | % |
| Long-term growth rate | |
| 2.48 | % |
| Weighted average cost of capital | |
| 15.15 | % |
|
| Schedule of Purchase Consideration |
The purchase consideration for the acquisition
was as follows:
| |
|
HK$ |
|
|
US$ |
|
| Cash paid |
|
|
28,080,000 |
|
|
|
3,607,724 |
|
| Contingent consideration (Note 4.4) |
|
|
(7,987,000 |
) |
|
|
(1,026,171 |
) |
| Assignment of shareholder’s loan |
|
|
(1,000,000 |
) |
|
|
(128,480 |
) |
| Consideration transferred for the business |
|
|
19,093,000 |
|
|
|
2,453,073 |
|
|
| Schedule of Assets Acquired and Liabilities Assumed |
| |
|
HK$ |
|
|
US$ |
|
| Trade receivables |
|
|
279,982 |
|
|
|
35,972 |
|
| Cash and bank balances |
|
|
1,759 |
|
|
|
226 |
|
| Total identifiable assets acquired |
|
|
281,741 |
|
|
|
36,198 |
|
| |
|
|
|
|
|
|
|
|
| Trade payables |
|
|
(221,570 |
) |
|
|
(28,467 |
) |
| Contract liabilities |
|
|
(97,017 |
) |
|
|
(12,465 |
) |
| Shareholder’s loan |
|
|
(1,000,000 |
) |
|
|
(128,480 |
) |
| Total identifiable liabilities assumed |
|
|
(1,318,587 |
) |
|
|
(169,412 |
) |
| |
|
|
|
|
|
|
|
|
| Identifiable net liabilities acquired |
|
|
(1,036,846 |
) |
|
|
(133,214 |
) |
| Add: Goodwill |
|
|
20,129,846 |
|
|
|
2,586,287 |
|
| Consideration transferred for the business |
|
|
19,093,000 |
|
|
|
2,453,073 |
|
|
| Schedule of Effect on Cash Flows |
| | |
HK$ | | |
US$ | |
| Cash paid (Note 4.1) | |
| 28,080,000 | | |
| 3,607,724 | |
| Less: Cash and bank balances in subsidiary acquired | |
| (1,759 | ) | |
| (226 | ) |
| Cash outflow on acquisition | |
| 28,078,241 | | |
| 3,607,498 | |
|