DJ HK Bourse: Results Announcement From Varitronix International Ltd.

For full details, please click on the following link:
https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0805/2020080500801.pdf SUPPLEMENTAL ANNOUNCEMENT TO THE 2019 ANNUAL REPORT
Reference is made to the annual report for the year ended 31 December 2019 (the "2019
Annual Report") of BOE Varitronix Limited (the "Company", together with its subsidiaries,
the "Group") published on 27 April 2020. Unless otherwise defined, capitalised terms used
herein shall have the same meanings as those set out in the 2019 Annual Report.
In addition to the information provided in the 2019 Annual Report, the Board of the Company
would like to provide further information in relation to the other operating expenses.
Other operating expenses for the year included: 2019 2018 HK$'000 HK$'000
Amortisation of intangible assets 702 385
Auditors' remuneration 3,635 3,684
Bank charges 1,343 1,519
Building management fees 5,671 6,517
Factory consumables, cleaning and security service expenses 13,046 14,332
Freight charges 40,439 63,095
Insurance and quality assurance expenses 4,502 3,084
Legal and professional fees 10,230 9,798
Office expenses 4,867 6,926
Other taxes, surcharges and duties 15,957 15,159
Repair and maintenance 15,120 16,819
Sales, marketing and commission expenses 22,421 10,542
Subcontracting fees 64,621 82,657
Total minimum lease payments previously classified as operating leases under HKAS 17 - 12,281
Travelling and entertainment expenses 13,521 17,177
Utilities expenses 48,914 60,399
Miscellaneous expenses 6,649 5,709 271,638 330,083
Save as disclosed in this announcement, the remaining contents of the 2019 Annual Report
remain unchanged.
Source: Hong Kong Exchanges & Clearing

(END) Dow Jones Newswires

August 05, 2020 04:41 ET (08:41 GMT)