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Financial Results
AAPAC Resources Limited (“APAC” or the “Company”) and its subsidiaries (collectively, the “Group”) reported a net profit attributable to shareholders of the Company of HK$1,357,290,000 for the year ended 30 June 2021 (“FY 2021”), compared with a net loss attributable to shareholders of the Company of HK$429,401,000 for the year ended 30 June 2020 (“FY 2020”). In the past 12 months our Resource Investment, Commodity Business and Principal Investment and Financial Services segments generated a combined profit of HK$616,375,000. In addition, we had a non-cash impairment loss reversal on our ownership in Mount Gibson Iron Limited (“Mount Gibson”) of HK$580,014,000 driven by the stronger Mount Gibson share price.

Primary Strategic Investments

Financial Assets at Fair Value through Profit or Loss

Resource Investment

Commodity Business

Principal Investment and Financial Services

Money Lending

Liquidity, Financial Resources and Capital Structure

As at 30 June 2021, our non-current assets amounted to HK$2,755,862,000 (As at 30 June 2020: HK$1,930,522,000) and net current assets amounted to HK$2,076,671,000 (As at 30 June 2020: HK$1,506,047,000) with a current ratio of 20.7 times (As at 30 June 2020: 17.7 times) calculated on the basis of its current assets over current liabilities. Included in non-current assets and current assets are loan notes of HK$3,924,000 (As at 30 June 2020: HK$3,916,000) and loan receivables of HK$493,850,000 (As at 30 June 2020: HK$468,876,000).


As at 30 June 2021, we had no borrowings (excluding lease liabilities) (As at 30 June 2020: Nil) and had undrawn banking facilities amounting to HK$217,927,000 secured against certain term deposits of the Group. As at 30 June 2021, we had a gearing ratio of nil (As at 30 June 2020: Nil), calculated on the basis of net debt over equity attributable to owners of the Company. For this purpose, net debt is defined as borrowings (excluding lease liabilities) less cash and cash equivalents.


As disclosed in the announcement of the Company dated 29 June 2021 and the circular of the Company dated 27 July 2021, on 29 June 2021, the Company proposed a bonus issue of warrants to the qualifying shareholders of the Company on the basis of one warrant for every 5 shares held on the record date. A total of 243,778,782 warrants have been issued by the Company pursuant to the bonus warrants issue, conferring the rights to the holders to subscribe in cash for 243,778,782 new shares of the Company at an initial exercise price of HK$1.20 per new share (subject to adjustment) at any time during the period of thirteen months from 7 September 2021 to 6 October 2022 (both days inclusive).

 (update as of 24 September 2021
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