Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 146

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 4A
Chunk 146
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84,692       39  
  Building management fee                                             160,769                  164,960         21,126          4,191        3  
  Depreciation                                                        154,457                  110,206         14,114        (44,251      -29  
  Insurance                                                           299,502                  273,184         34,986        (26,318       -9  
  Internet and IT service fee                                         360,839                  355,040         45,470         (5,799       -2  
  Meal and Entertainment                                              192,464                  202,640         25,952         10,176        5  
  Office premises expenses                                          1,177,995                1,156,024        148,051        (21,971       -2  
  Travelling                                                          176,018                   57,850          7,409       (118,168      -67  
  Staff costs                                                       2,593,839                3,703,148        474,257      1,109,309       43  
  Legal and professional fee                                        2,195,548                2,066,956        264,713       (128,592       -6  
  Others                                                              649,458                  655,290         83,922          5,832        1  
  Total                            $                                8,178,103      $         9,047,204      1,158,665        869,101       11  

Selling, general and administrative
expenses increased by HKD869,101 or 11% to HKD9,047,204 (US$1,158,665) in the year ended June 30, 2024 from HKD8,178,103 in the year ended
June 30, 2023. Such increase was mainly driven by the increase in staff costs amounting to HKD1,109,309 although there are decreases in
legal and professional fee and travelling expenses by HKD128,592 and HKD118,168 respectively.

Bank Charge

The bank charge was HKD301,906
(US$38,665) in the year ended June 30, 2024, compared to HKD217,214 in the year ended June 30, 2023. The bank charge incurred increased
in the fiscal year