Company: CLIK
Filing Date: 2025-03-19
Form Type: F-1
Source: 0001213900-25-025112
Chunk: 90

Company: Click Holdings Ltd.
Filing Date: 2025-03-19
Form: F-1
Chunk 90
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1% in FY2023. The significant increase in gross profit margin in FY2023 was mainly attributable to an increase in the provision of professional solution services which generally carry higher margins because such services are provided by our in -houseemployees and their salaries, which are a core part of our cost of revenue, remained relatively stable.

53 General and administrative expenses General and administrative expenses were approximately 13.7% and 14.6% of total sales in FY2023 and FY2022 respectively. General and administrative expenses are mainly management and office salaries and employee benefits, depreciation of office furniture and equipment, staff salaries, transportation and entertainment, audit fees, bank charges and other office expenses incurred by JFY Corporate and Click Services. The increase in general and administrative expenses by approximately $0.2 million, or 27.4%, was mainly attributable to increase in staff salaries of $0.2 million. Selling and marketing expenses Selling and marketing expenses were approximately 0.4% and 0.7% of total sales in FY2023 and FY2022 respectively. Selling and marketing expenses are mainly advertising expense for online marketing campaigns. The decrease in selling and marketing expenses by approximately $9,601 or 31.2% was mainly attributable to less online marketing advertisements placed in FY2023. Total other (expense) income Government subsidies Our government subsidies mainly were subsidies received from Hong Kong government as relief measures against COVID -19during the years ended December 31, 2023 and 2022. The government subsidies decreased by $9,794, or 34.4%, from $28,462 for the year ended December 31, 2022 to $18,668 for the year ended December 31, 2023. Net interest expenses Our finance expense mainly comprised interest expense on bank loans. The interest expense increased by $19,531, or 356%, from $5,487 for the year ended December 31, 2022 to $25,018 for the year ended December 31, 2023, and such increase was in line with the increase in interest rate, which is determined by Hong Kong Interbank Offer Rate (“HIBOR”). Income tax expense We are subject to income tax on an entity basis on profit arising in or derived from the jurisdiction in which the Company and its subsidiaries domicile or operate. Income tax expense is comprised mainly of Hong Kong income tax. Our income tax expense was $96,792 and nil for the years ended December 31, 2023 and