v3.26.1
Property, plant and equipment
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Property, plant and equipment

 

12. Property, plant and equipment

 

   Leasehold   Plant and   Office   Motor     
   improvements   machinery   equipment   vehicle   Total 
   HK$   HK$   HK$   HK$   HK$ 
                     
Cost                         
                          
January 1, 2024   131,947,758    23,592,372    2,021,817    -    157,561,947 
                          
Additions   6,451,975    1,137,141    264,025    20,000    7,873,141 
Written off   (3,934,125)   (924,330)   (65,283)   -    (4,923,738)
                          
December 31, 2024   134,465,608    23,805,183    2,220,559    20,000    160,511,350 
                          
Additions   4,950,503    490,758    134,405    30,000    5,605,666 
Disposal   -    (116,219)   (8,818)   -    (125,037)
Written off   -    (316,793)   (131,183)   -    (447,976)
                          
December 31, 2025   139,416,111    23,862,929    2,214,963    50,000    165,544,003 
                          
Accumulated depreciation                         
                          
January 1, 2024   63,171,268    11,852,964    789,407    -    75,813,639 
                          
Charge for the year   28,956,777    4,671,570    408,508    2,000    34,038,855 
Written off   (3,634,261)   (717,381)   (45,817)   -    (4,397,459)
                          
December 31, 2024   88,493,784    15,807,153    1,152,098    2,000    105,455,035 
                          
Charge for the year   23,260,951    3,965,785    390,621    9,000    27,626,357 
Disposal   -    (53,725)   (8,378)   -    (62,103)
Written off   -    (255,006)   (72,167)   -    (327,173)
                          
December 31, 2025   111,754,735    19,464,207    1,462,174    11,000    132,692,116 
                          
Impairment                         
                          
January 1, 2024   -    -    -    -    - 
                                         
Provision     4,549,381       -       -       -       4,549,381  
                                         
December 31, 2024     4,549,381       -       -       -       4,549,381  
                          
Provision   1,877,371    -    -    -    1,877,371 
                          
December 31, 2025   6,426,752    -    -    -    6,426,752 
                          
Net carrying amount                         
                          
December 31, 2025   21,234,624    4,398,723    752,788    39,000    26,425,135 
                          
December 31, 2024   41,422,443    7,998,030    1,068,461    18,000    50,506,934 
                          
Net carrying amount (US$)                         
December 31, 2025   2,728,229    565,149    96,718    5,011    3,395,107 

 

 

MasterBeef Group and its subsidiaries

 

 

 

Notes to the Consolidated Financial Statements (Continued)

December 31, 2025, 2024 and 2023

 

 

 

12. Property, plant and equipment (continued)

 

During the year, the Group disposed of property, plant and equipment with net book value of HK$62,934 at a consideration of HK$62,934. (2024: the Group does not dispose of property, plant and equipment during the year.)

 

During the year, the Group has written off of property, plant and equipment with net book value of HK$120,803 due to malfunction of plant and machinery and office equipment. (2024: the Group had written off of property, plant and equipment with net book value of HK$526,279 due to termination of a warehouse tenancy agreement and malfunction of plant and machinery and office equipment.)

 

During the year, an impairment loss of HK$1,877,371 (2024: HK$4,549,381) was recognised for the leasehold improvements. The Group has identified that its property, plant and equipment constitute a cash-generating unit that has been reporting persistent operating losses over 2 consecutive reporting periods. This sustained underperformance triggered a formal impairment assessment and a partially or fully impairment loss has been made on the net carrying amount of assets.

 

 

MasterBeef Group and its subsidiaries

 

 

 

Notes to the Consolidated Financial Statements (Continued)

December 31, 2025, 2024 and 2023