| Right-of-use assets |
Schedule of detailed information about right-of-use assets
| | |
Leased | |
| | |
properties | |
| | |
HK$ | |
| | |
| |
| Cost | |
| | |
| | |
| | |
| January 1, 2024 | |
| 195,013,742 | |
| | |
| | |
| Additions | |
| 26,786,998 | |
| Modification | |
| 16,222,827 | |
| Written-off | |
| (15,023,753 | ) |
| Exchange adjustments | |
| (1,964 | ) |
| | |
| | |
| December 31, 2024 | |
| 222,997,850 | |
| | |
| | |
| Additions | |
| 29,572,601 | |
| Modification | |
| (1,012,044 | ) |
| Written-off | |
| (53,686,786 | ) |
| | |
| | |
| December 31, 2025 | |
| 197,871,621 | |
| | |
| | |
| Accumulated amortisation | |
| | |
| | |
| | |
| January 1, 2024 | |
| 126,893,389 | |
| | |
| | |
| Charge for the year | |
| 44,562,079 | |
| Written-off | |
| (15,023,753 | ) |
| Exchange adjustments | |
| (1,663 | ) |
| | |
| | |
| December 31, 2024 | |
| 156,430,052 | |
| | |
| | |
| Charge for the year | |
| 38,968,788 | |
| Written-off | |
| (53,686,786 | ) |
| | |
| | |
| December 31, 2025 | |
| 141,712,054 | |
| | |
| | |
| Impairment | |
| | |
| | |
| | |
| January 1, 2024 | |
| - | |
| |
|
|
|
|
| Provision |
|
|
5,013,080 |
|
| |
|
|
|
|
| December
31, 2024 |
|
|
5,013,080 |
|
| | |
| | |
| Provision | |
| 4,102,040 | |
| | |
| | |
| December 31, 2025 | |
| 9,115,120 | |
| | |
| | |
| Net carrying amount | |
| | |
| | |
| | |
| December 31, 2025 | |
| 47,044,447 | |
| | |
| | |
| December 31, 2024 | |
| 61,554,718 | |
| | |
| | |
| Net carrying amount (US$) | |
| | |
| December 31, 2025 | |
| 6,044,280 | |
During
the year, an impairment loss of HK$4,102,040
(2024: HK$5,013,080)
was recognised. The Group has identified that its right-of-use assets constitutes a cash-generating unit that has been reporting
persistent operating losses over 2 consecutive reporting periods. This sustained underperformance triggered a formal impairment
assessment and a partially or fully impairment loss has been made on the net carrying amount of assets.
MasterBeef
Group and its subsidiaries
Notes
to the Consolidated Financial Statements (Continued)
December
31, 2025, 2024 and 2023
| 13. |
Right-of-use
assets (continued) |
Schedule
of detailed information about lease liabilities and short term leases
| | |
2025 | | |
2025 | | |
2024 | |
| | |
US$ | | |
HK$ | | |
HK$ | |
| | |
| | |
| | |
| |
| Expenses relating to short-term
leases | |
| 373,687 | | |
| 2,908,520 | | |
| 1,499,771 | |
| | |
| | | |
| | | |
| | |
| Variable lease payments not included in the
measurement of lease liabilities | |
| 31,799 | | |
| 247,502 | | |
| 271,808 | |
| | |
| | | |
| | | |
| | |
| Expenses relating to leases of low-value assets,
excluding short-term leases of low value assets | |
| 1,931 | | |
| 15,026 | | |
| 7,295 | |
| | |
| | | |
| | | |
| | |
| Total cash outflow for
leases # | |
| 6,427,709 | | |
| 50,028,785 | | |
| 56,257,499 | |
| # | Amount
includes payments of principal and interest portion of lease liabilities, short-term leases, variable lease payments and expenses related to leases of low-value assets. |
For
both years, the Group leases various offices and warehouses for its operations. Lease contracts are entered into for fixed term of 2
to 5 years. Lease terms are negotiated on an individual basis.
|