Results and Financial Position of the Group

The following table summarizes the results of the Group from FY2012 to FY2016

  Year ended 31 December
  2013
HK$'000
2014
HK$'000
2015
HK$'000
Restated
2016
HK$'000
Restated
2017
HK$'000
Revenue 550,134 590,539 561,028 562,474 483,722
Gross profit 350,337 371,703 347,494 320,527 252,842
Profit (loss) for the year attributable to
owners of the Company
16,502 9,035 (16,061) (33,674) (43,442)
The following table summarizes the financial position of the Group from FY2012 to FY2016
  As at 31 December
  2013
HK$'000
2014
HK$'000
2015
HK$'000
Restated
2016
HK$'000
Restated
2017
HK$'000
Current assets 328,829 328,160 375,116 343,187 250,056
Current liabilities 140,064 156,026 226,518 220,547 160,532
Net current assets 188,765 172,134 148,598 122,640 89,524
Net assets 241,112 239,355 240,393 207,817 166,227
Total assets 395,256 407,301 477,100 437,573 335,601


Key Financial Ratios

The following table summarizes the key financial ratios:

  As at/For the year ended 31 December
  2013 2014 2015
Restated
2016
Restated
2017
Gross profit margin(1) 63.7% 62.9% 61.9% 57.0% 52.30%
Net profit(loss) margin (2) 3.0% 1.5% (2.9)% (6.0)% (9.0)%
Current ratio (3) 2.3 times 2.1 times 1.7 times 1.6 times 1.6 times
Gearing ratio(4) 49.0% 57.8% 87.1% 98.7 83.7%
Note
(1) Gross profit margin is calculated by gross profit divided by the revenue for the respective year and multiplied by 100%.
(2) Net profit(loss) margin is calculated by net profit(loss) after taxes divided by the revenue for the respective year and multiplied by 100%.
(3) Current ratio is calculated based on the total current assets divided by the total current liabilities as at the respective year end.
(4) Gearing ratio is calculated based on the total debt divided by the total equity as at the respective year end and multiplied by 100%.


Key operating data

The table below sets forth our revenue breakdown by channels through retail and wholesale from FY2012 to FY2016:

  Year ended 31 December
  2013 2014 2015 2016 2017
HK$'000 % HK$'000 % HK$'000 % HK$'000 % HK$'000 %
Retail 496,274 90.2 541,114 91.6 513,124 91.5 518,807 92.2 437,454 90.4
Wholesale 53,860 9.8 49,425 8.4 47,904 8.5 43,667 7.8 46,268 9.6
  550,134 100.0 590,539 100.0 561,028 100.0 562,474 100.0 483,722 100.0
The following table sets out revenue by geographical segments and the percentage contribution of each geographical segment to our total revenue from FY2012 to FY2016:
  Year ended 31 December
  2013 2014 2015 2016 2017
HK$'000 % HK$'000 % HK$'000 % HK$'000 % HK$'000 %
Hong Kong 435,010 79.1 467,526 79.2 436,960 77.9 445,340 79.2 353,303 73.1
Taiwan 101,961 18.5 106,855 18.1 105,057 18.7 98,910 17.6 109,995 22.7
Macau 12,628 2.3 13,414 2.3 13,184 2.4 12,309 2.1 12,278 2.5
Mainland China 535 0.1 2,744 0.4 5,827 1.0 5,915 1.1 8,146 1.
  550,134 100.0 590,539 100.0 561,028 100.0 562,474 100.0 483,722 100.0