| 5. |
RIGHT
OF USE ASSETS AND LEASE LIABILITIES |
The
Company is a lessee of non-cancellable operating leases for the corporate office in Hong Kong. The Company’s ROU assets and operating
lease liabilities recognized in the consolidated balances sheets consist of the following:
SCHEDULE OF OPERATING LEASE ASSETS AND LIABILITIES
| | |
2024 | | |
2025 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| | |
| | |
| | |
| |
| Operating lease: | |
| | | |
| | | |
| | |
| Right-of-use assets | |
| 2,208 | | |
| 2,252 | | |
| 289 | |
| Less: accumulated depreciation | |
| (125 | ) | |
| (1,243 | ) | |
| (159 | ) |
| Right-of-use assets, net | |
| 2,083 | | |
| 1,009 | | |
| 130 | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HKD’000 | | |
HKD’000 | | |
US$’000 | |
| Operating lease liabilities | |
| | | |
| | | |
| | |
| Current portion | |
| 1,133 | | |
| 1,001 | | |
| 129 | |
| Non-current portion | |
| 994 | | |
| - | | |
| - | |
| Total | |
| 2,127 | | |
| 1,001 | | |
| 129 | |
| | |
2024 | | |
2025 | |
| | |
As of December 31, | |
| | |
2024 | | |
2025 | |
| Operating leases: | |
| | | |
| | |
| Weighted average remaining lease term (years) | |
| 2 | | |
| 1 | |
| Weighted average discount rate | |
| 5.63 | % | |
| 5.63 | % |
During
the years ended December 31, 2023, 2024 and 2025, the Company incurred lease expenses of approximately HKD1,261,000, HKD1,192,000 and
HKD1,204,000, respectively.
The
maturity analysis of the Company’s non-cancellable operating lease obligations as of December 31, 2025 is as follows:
SCHEDULE OF MATURITY OPERATING LEASE OBLIGATIONS
| | |
Operating leases | |
| | |
HKD’000 | | |
US$’000 | |
| | |
| | |
| |
| Year ending December 31, 2026 | |
| 1,022 | | |
| 131 | |
| Year ending December 31, 2027 | |
| - | | |
| - | |
| Total undiscounted lease obligations | |
| 1,022 | | |
| 131 | |
| Less: imputed interest | |
| (21 | ) | |
| (2 | ) |
| Lease liabilities recognized in the consolidated balance sheet | |
| 1,001 | | |
| 129 | |
PLUTUS
FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
|