REF Holdings Limited (HKG:1631)

REF Holdings Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	55.3	36.22	17.36	127.57	186.49
Short-Term Investments	-	18.01	59	-	-
Trading Asset Securities	0.45	0.86	0.96	1.43	22.73
Cash & Short-Term Investments	55.75	55.09	77.32	128.99	209.22
Cash Growth	1.21%	-28.75%	-40.06%	-38.35%	-16.30%
Accounts Receivable	21.86	22.75	25.26	14.44	20.94
Other Receivables	0.2	0.27	0.03	2.16	3.3
Receivables	22.06	23.03	25.29	16.6	24.24
Prepaid Expenses	0.91	1.51	1.8	1.71	0.58
Other Current Assets	1.3	7.4	1.31	2.46	8.72
Total Current Assets	80.03	87.03	105.72	149.76	242.76
Property, Plant & Equipment	36.81	13.96	33.39	52.01	14.85
Goodwill	1.98	1.98	1.98	1.98	1.98
Long-Term Deferred Tax Assets	1.39	0.97	0.72	-	0.94
Other Long-Term Assets	5.29	0.29	5.99	6.62	-
Total Assets	125.5	104.23	147.8	210.37	260.53
Accounts Payable	0.9	2.41	2.94	2.6	3.84
Accrued Expenses	4.04	10.81	6.19	7.28	10.06
Current Portion of Leases	15.68	7.65	19.43	18.51	9.3
Current Income Taxes Payable	0.65	0.63	0.5	-	-
Current Unearned Revenue	2.2	9.09	11.44	16.42	27.14
Other Current Liabilities	-	-	-	1.06	1.4
Total Current Liabilities	23.46	30.58	40.49	45.88	51.73
Long-Term Leases	20.74	0.89	6.03	23.13	1.17
Long-Term Deferred Tax Liabilities	-	-	-	0.04	-
Other Long-Term Liabilities	1.57	-	1.86	1.86	-
Total Liabilities	45.77	31.47	48.38	70.91	52.9
Common Stock	2.56	2.56	2.56	2.56	2.56
Additional Paid-In Capital	41.23	41.23	41.23	41.23	41.23
Retained Earnings	34.61	28.94	55.63	95.67	163.84
Comprehensive Income & Other	1.33	0.02	-	-	-
Shareholders' Equity	79.73	72.75	99.42	139.46	207.63
Total Liabilities & Equity	125.5	104.23	147.8	210.37	260.53
Total Debt	36.42	8.55	25.46	41.64	10.47
Net Cash (Debt)	19.33	46.54	51.86	87.35	198.75
Net Cash Growth	-58.46%	-10.26%	-40.62%	-56.05%	-10.81%
Net Cash Per Share	0.08	0.18	0.20	0.34	0.78
Filing Date Shares Outstanding	256	256	256	256	256
Total Common Shares Outstanding	256	256	256	256	256
Working Capital	56.57	56.45	65.24	103.88	191.04
Book Value Per Share	0.31	0.28	0.39	0.54	0.81
Tangible Book Value	77.75	70.77	97.44	137.48	205.65
Tangible Book Value Per Share	0.30	0.28	0.38	0.54	0.80
Machinery	10.7	10.73	10.67	10.7	9.67
Leasehold Improvements	6.49	6.72	6.72	6.64	5.86

Source: S&P Global Market Intelligence. Standard template. Financial Sources.