Tradelink 2018 Interim Report

12 Tradelink Electronic Commerce Limited  Interim Report 2018 Management Discussion and Analysis (Continued) 管理層討論及分析 （續） 本集團於二零一八年上半年的折舊前經營開支為港幣 84,300,000 元，較上一個回顧期間增加港幣 7,300,000 元或 9.5% 。僱員成本由港幣 53,100,000 元增至港幣 56,700,000 元，較二零一七年上半年增加港幣 3,600,000 元或 6.8% 。 僱員成本上漲與市場升幅相符，尤其是為了挽留有經驗 的資訊科技人員，另外亦增聘了人手管理身份管理項目 的交付事宜。採購成本金額由港幣 9,500,000 元增加港幣 2,200,000 元至港幣 11,700,000 元，主要是由於交付項目所 產生的第三方成本所致。其他經營成本為港幣 15,300,000 元，較去年同期增加港幣 1,000,000 元或 7.3% 。此乃主要 由於兩個回顧期內所錄得的外幣匯兌差額所致。倘撇除 二零一八年上半年及上一個回顧期間所錄得的匯兌收益 港幣 1,800,000 元及港幣 2,800,000 元，則其他經營成本增 加 0.1% 。期內折舊開支為港幣 3,400,000 元，較去年增加 港幣 300,000 元。 回顧期內，本集團的經營溢利為港幣 44,900,000 元，較二 零一七年同期輕微下降。 回顧期內，本集團出售債券組合中餘下的一半已減值企 業債券，錄得減值虧損撥回港幣 200,000 元。 一項有關金融工具的新會計準則於本年度首次生效。新 準則規定持續計量與財務資產有關的信貸風險。因此， 本集團於二零一八年一月一日的保留溢利期初餘額錄得 債券組合持倉及應收賬款的減值虧損，而除稅後影響淨 額為港幣 1,800,000 元。根據新準則，二零一八年上半年 錄得應收賬款減值虧損港幣 500,000 元。 回顧期內，本集團就其於中國聯營公司的投資所佔業績 錄得分佔溢利港幣 400,000 元，而去年同期則分佔溢利港 幣 2,200,000 元。 於二零一七年年末，我們的全資附屬公司 DTTNCo 向其客 戶提供電子解決方案，錄得遞延稅項資產港幣 6,800,000 元。由於 DTTNCo 今年繼續產生溢利，故動用了遞延稅項 資產並於二零一八年上半年產生遞延稅項支出港幣 1,100,000 元，與上一個回顧期間相同。 截至二零一八年六月三十日止六個月，本集團未經審核 除 稅 後 溢 利 為 港 幣 38,300,000 元，較 去 年 同 期 增 加 15.0% 。 二零一八年首六個月的每股基本盈利為 4.82 港仙，較去 年同期的每股 4.19 港仙增加 0.63 港仙。二零一八年首六個 月的每股攤薄盈利亦為 4.82 港仙，較二零一七年的 4.19 港 仙增加 0.63 港仙。 The Group’s operating expenses before depreciation for the first half of 2018 was HK$84.3 million, up by HK$7.3 million or 9.5% over the last review period. Staff costs increased from HK$53.1 million to HK$56.7 million, up by HK$3.6 million or 6.8% as compared to the first half of 2017. The increase in staff costs was in line with the market inflation so as to retain experienced IT staff in particular. Additional headcounts were recruited in managing the delivery of our IDM projects. The amount of cost of purchases grew HK$2.2 million from HK$9.5 million to HK$11.7 million mainly due to the third parties costs incurred for the projects delivered. The other operating costs were at HK$15.3 million, up by HK$1.0 million or 7.3% over the same period last year. This was mainly caused by the foreign currency exchange difference recorded for the two review periods. If excluding exchange gain recorded at HK$1.8 million and HK$2.8 million for the first half of 2018 and that of the last review period, the other operating costs were up by 0.1%. Depreciation charges for the period amounted to HK$3.4 million, were HK$0.3 million higher than last year. The Group’s profit from operations for the review period was HK$44.9 million, slightly lower than that of the same period in 2017. During the review period, the Group disposed of the remaining half of an impaired corporate bond in our bond portfolio and recorded a reversal of impairment loss of HK$0.2 million. A new accounting standard relating to financial instruments has been effective for the first time this year. The new standard requires an ongoing measurement of credit risk associated with financial assets. Accordingly, the Group recorded impairment losses on bond portfolio holdings and trade receivables to the opening balance of retained profits at 1 January 2018 and the net of tax impact was HK$1.8 million. There was an impairment loss on trade receivables amounting to HK$0.5 million recorded for the first half of 2018 based on the new standard. During the review period, the Group’s share of results from our investments in the PRC associates recorded a share of profit of HK$0.4 million as compared to a share of profit of HK$2.2 million for the same period last year. Our wholly-owned subsidiary, DTTNCo providing e-solutions to its customers recorded a deferred tax asset of HK$6.8 million as at the end of 2017. As DTTNCo continued to generate profit this year, the deferred tax asset was utilized and gave rise to a deferred tax charge of HK$1.1 million for the first half of 2018, which was the same as that of last review period. The Group’s unaudited after tax profit for the six months ended 30 June 2018 came to HK$38.3 million, an increase of 15.0% over the same period last year. Basic earnings per share for the first six months of 2018 was HK 4.82 cents, as compared to HK 4.19 cents per share, an increase of HK 0.63 cents over the same period last year. Diluted earnings per share for the six months of 2018 was also HK 4.82 cents, higher than that for 2017 at HK 4.19 cents by HK 0.63 cents.