Company: BGHL
Filing Date: 2025-10-28
Form Type: F-1/A
Source: 0001213900-25-102958
Chunk: 96

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-10-28
Form: F-1/A
Chunk 96
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192,639 |     |   43,347,154 |   |     | (26,154,515 | ) |     |   (60.3 | ) |

____________ Note: (*)Giving retrospective effect to the Share Issue as detailed in note 15 to the interim combined financial statements.

54 Cash and cash equivalents As at June 30, 2025, cash and cash equivalents were HK$530,153, representing an increase of HK$279,662 or 111.6%, as compared to HK$250,491 as of December 31, 2024. The increase was the net effect of cash inflows from financing activities, and cash outflows from operating activities for the six months ended June 30, 2025. Inventories As at December 31, 2024, inventories were HK$225,320. The management has strived to shorten the supply time and lower the inventory level by reviewing and improving its inventory process. Most of the products were delivered directly from the suppliers to the customers. In addition, as agreed with the major suppliers during the six months ended June 30, 2025, the Group would pay to the suppliers before goods delivery and the suppliers would offer lower price of food products in return. As a result, the inventory level was zero as at June 30, 2025. Accounts receivable, net As at June 30, 2025, accounts receivable was HK$6,048,264, representing a decrease of HK$36,649,022 or 85.8%, as compared to HK$42,697,286 as of December 31, 2024. The operating entity generally grants to its customers credit terms of 60 -90days. The significant decrease in accounts receivable was due to the decrease in sales in April to June 2025 as compared to October to December 2024. The sales of food products are subject to seasonal factor. Sales boosted before festivals and thus December is usually the peak sales period. The operating entity maintains allowances for credit losses for estimated losses. Allowance for credit losses is made at different rates on accounts receivable based on aging and 100% on any specifically identified receivables that may become uncollectible. There is no allowance for credit losses or write -offduring the six months ended June 30, 2025 and the year ended December 31, 2024. Other current assets As at June 30, 2025, other current assets were