国际娱乐(一万)年报 2023/24

CONTENTS 24618 Corporate InformationChairman’s StatementManagement Discussion and AnalysisBiographical Details of Directors andSenior ManagementReport of the DirectorsCorporate Governance ReportEnvironmental, Social and Governance ReportIndependent Auditor’s ReportConsolidated Statement of Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsFinancial SummaryParticulars of Principal Properties 213458130139141143144146263264 The English text of this annual report shall prevail over the Chinese text in case of inconsistencies or discrepancies. This annual report is printed on environmentally friendly paper. Corporate Information EXECUTIVE DIRECTORS HO Wong MengAurelio Jr. Dizon TABLANTE Mr. HO Wong Meng(Chairman of the Board and Chief Executive Officer)Mr. Aurelio Jr. Dizon TABLANTE INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. LAU Ka HoMr. CHENG Hong WaiMr. LEUNG Wai Tai EXECUTIVE COMMITTEE Mr. HO Wong Meng(Committee Chairman)Mr. Aurelio Jr. Dizon TABLANTE HO Wong MengAurelio Jr. Dizon TABLANTE AUDIT COMMITTEE Mr. CHENG Hong Wai(Committee Chairman)Mr. LAU Ka HoMr. LEUNG Wai Tai NOMINATION COMMITTEE Mr. LEUNG Wai Tai(Committee Chairman)Mr. HO Wong MengMr. CHENG Hong Wai HO Wong Meng REMUNERATION COMMITTEE Mr. LAU Ka Ho(Committee Chairman)Mr. CHENG Hong WaiMr. LEUNG Wai Tai COMPANY SECRETARYMr. WONG Wing Kit AUTHORISED REPRESENTATIVES HO Wong Meng Mr. HO Wong MengMr. WONG Wing Kit REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Corporate Information HEAD OFFICE AND PRINCIPAL PLACEOF BUSINESS IN HONG KONG 8181802–1803 Suites 1802–1803, 18/F.Three Exchange Square8 Connaught PlaceCentral, Hong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3Building D, P.O. Box 1586Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3Building D, P.O. Box 1586Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–171617th Floor, Hopewell Centre183 Queen’s Road East, Wan ChaiHong Kong PRINCIPAL BANKERS BDO Unibank, Inc.The Bank of East Asia, LimitedChong Hing Bank LimitedHang Seng Bank LimitedUnion Bank of the Philippines, Inc. BDO Unibank, Inc.Union Bank of the Philippines, Inc. AUDITOR 11125 BDO LimitedCertified Public Accountants25th Floor, Wing On Centre111 Connaught Road CentralHong Kong 01009 STOCK CODE The Stock Exchange of Hong Kong Limited01009 www.ientcorp.com COMPANY WEBSITE www.ientcorp.com Chairman’s Statement To Our Shareholders, On behalf of the board (the“Board”) of directors (the“Directors”) ofInternational Entertainment Corporation (the“Company”), I am pleased topresent the annual results of the Company and its subsidiaries (collectively,referred to as the“Group”) for the year ended 30 June 2024 (the“Year”). 229,800,000207,200,00010.9%132,400,000136,600,0003.1% The Group’s revenue for the Year was approximately HK$229.8 million,representing an increase of approximately 10.9%, as compared withapproximately HK$207.2 million in the year ended 30 June 2023 (the“Previous Year”). The Group reported a gross profit of approximatelyHK$132.4 million for the Year under review, representing an decrease ofapproximately 3.1%, as compared with approximately HK$136.6 million inthe Previous Year. The past year has seen the global economy steadily recover from thepandemic, with the travel and entertainment industries experiencing aparticularly strong resurgence. Guided by its core philosophy of“seekingprogress amidst stability and opportunities amidst change”, the Companyhas capitalized on this positive momentum. Our dedicated managementteam and employees have worked collaboratively to seize developmentopportunities in the global market. The Philippines possesses inherent advantages for success in the gamingand tourism industry: it is located at the heart of Asia, with an extensiveinternational transport network. Furthermore, the government’scommitment to attracting investment through favorable policies hascultivated a secure, compliant, and thriving market environment. ThePhilippine economy has demonstrated remarkable resilience, emerging asone of Southeast Asia’s fastest-growing economies as per the article issuedby Mckinsey & Company dated 7 March 2024. These factors combine, amidposted highest tourism growth in 2023 according to the Philippine StatisticAuthority, to create immense potential for the Philippine gaming market. Chairman’s Statement PAGCOR In May 2024, the Group has commenced its limited operation in the entirecasino operation of an integrated resort by the Grou