Results and Financial Position of the Group

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

Year ended 31 December
2012
HK$'000
2013
HK$'000
2014
HK$'000
2015
HK$'000
2016
HK$'000
Revenue 505,289 550,134 590,539 561,028 562,474
Gross profit 326,963 350,337 371,703 347,494 320,527
Profit (loss) for the year attributable to
owners of the Company
25,079 16,502 9,035 (16,373) (34,607)
The following table summarizes the financial position of the Group from FY2012 to FY2016
As at 31 December
2012
HK$'000
2013
HK$'000
2014
HK$'000
2015
HK$'000
2016
HK$'000
Current assets 222,523 328,829 328,160 375,116 343,187
Current liabilities 129,593 140,064 156,026 226,518 220,547
Net current assets 92,930 188,765 172,134 148,598 122,640
Net assets 149,672 241,112 239,355 217,577 184,068
Total assets 294,625 395,256 407,301 454,284 413,824


Key Financial Ratios

The following table summarizes the key financial ratios:

As at/For the year ended 31 December
2012 2013 2014 2015 2016
Gross profit margin(1) 64.7% 63.7% 62.9% 61.9% 57.0%
Net profit(loss) margin (2) 5.0% 3.0% 1.5% (2.9)% (6.2)%
Current ratio (3) 1.7 times 2.3 times 2.1 times 1.7 times 1.6 times
Gearing ratio(4) 62.2% 49.0% 57.8% 96.3% 111.4%
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
2012 2013 2014 2015 2016
HK$'000 % HK$'000 % HK$'000 % HK$'000 % HK$'000 %
Retail 441,968 87.5 496,274 90.2 541,114 91.6 513,124 91.5 518,807 92.2
Wholesale 63,321 12.5 53,860 9.8 49,425 8.4 47,904 8.5 43,667 7.8
505,289 100.0 550,134 100.0 590,539 100.0 561,028 100.0 562,474 100.0
The following table sets out revenue by geographical segments and the percentage contribution of each geographical segment to our total revenue from FY2012 to FY2016:
Year ended 31 December
2012 2013 2014 2015 2016
HK$'000 % HK$'000 % HK$'000 % HK$'000 % HK$'000 %
Hong Kong 393,516 77.9 435,010 79.1 467,526 79.2 436,960 77.9 445,340 79.2
Taiwan 96,989 19.2 101,961 18.5 106,855 18.1 105,057 18.7 98,910 17.6
Macau 14,784 2.9 12,628 2.3 13,414 2.3 13,184 2.4 12,309 2.1
Mainland China - - 535 0.1 2,744 0.4 5,827 1.0 5,915 1.1
505,289 100.0 550,134 100.0 590,539 100.0 561,028 100.0 562,474 100.0