| Contract Liabilities |
Contract Liabilities Contract liabilities consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | June 30, 2026 | | June 30, 2026 | | | HK$ | | HK$ | | US$ | | | (Audited) | | (Unaudited) | | (Unaudited) | | Billings in advance of performance obligation under contracts, current | | 8,761,074 | | | 1,573,049 | | | 200,593 | | | Billings in advance of performance obligation under contracts, non-current | | - | | | - | | | - | |
The Company’s contract liabilities include payments received in advance of performance under trading solution service contracts, which will be recognized as revenue as the Company executed the trading solution services with customers under the contract, as well as the deferred installation and customization service fee received from trading solution services. The movement in contract liabilities was as follows: | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | June 30, 2026 | | June 30, 2026 | | | HK$ | | HK$ | | US$ | | | (Audited) | | (Unaudited) | | (Unaudited) | | Beginning balance | | 8,774,162 | | | 8,761,074 | | | 1,117,199 | | | Decrease in contract liabilities as a result of recognizing revenue during the year was included in the contract liabilities at the beginning of the year | | (13,501,218) | | | (8,436,925) | | | (1,075,864) | | | Increase in contract liabilities as a result of billings in advance of performance obligation under contracts | | 13,488,130 | | | 1,248,900 | | | 159,258 | | | Ending balance | | 8,761,074 | | | 1,573,049 | | | 200,593 | | | Less: Amount expected to be recognized as revenue beyond 12 months | | - | | | - | | | - | | | Amount expected to be recognized as revenue in 12 months | | 8,761,074 | | | 1,573,049 | | | 200,593 | |
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