Company: BGHL
Filing Date: 2025-10-01
Form Type: F-1/A
Source: 0001213900-25-094318
Chunk: 98

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-01
Form: F-1/A
Chunk 98
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 level was mainly due to the shorter inventory turnover days as a result of the improved supply time through internal review of the inventory process. Movement in activities from accounts receivable was a decrease of HK$30,433,288 for the year ended December 31, 2024, compared to that of HK$5,573,006 for the year ended December 31, 2023. The increase in accounts receivable was mainly due to the increase in sales in the last quarter for the year ended December 31, 2024 as compared to the same period of 2023. Movement in activities from other current assets was a decrease of HK$174,057 for the year ended December 31, 2024, compared to an increase of HK$150 for the year ended December 31, 2023. The increase in other current assets was mainly due to the overpayment made by the operating entity for settlement of purchase of goods to the supplier which is incidental and will be utilized for future purchases in 2025. Movement in activities from amounts due from former related companies was an increase of HK$2,969,602 for the year ended December 31, 2024, compared to a decrease of HK$742,515 for the year ended December 31, 2023. The amounts due from former related companies were fully settled during the year ended December 31, 2024. Movement in activities from accounts payable was an increase of HK$1,084,861 for the year ended December 31, 2024, compared to that of HK$3,179,205 for the year ended December 31, 2023. In order to cope with the increase in sales, the operating entity increased purchases from suppliers for the year ended December 31, 2024 as compared to 2023. This explains the increase in accounts payable as at December 31, 2024 as compared to 2023. Movement in activities from accrued expenses and other current liabilities was an increase of HK$70,237 for the year ended December 31, 2024, compared to a decrease of HK$141,600 for the year ended December 31, 2023. The increase in accrued expenses and other current liabilities was mainly due to the increase in accrued transportation fee to a logistics company given the increase in orders of wines for the year ended December 31, 2024. Movement in activities from amounts due to former related companies was an increase of HK$7,616,492