Company: BGHL
Filing Date: 2025-09-11
Form Type: F-1/A
Source: 0001213900-25-086807
Chunk: 96

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-11
Form: F-1/A
Chunk 96
---
 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 for the year ended December 31, 2024, compared to that of HK$5,018,729 for the year ended December 31, 2023. The increase in amounts due to former related companies was due to the increase in working capital requirements of the operating entity to support its business operations in the first quarter of 2024. Net Cash Provided by Financing Activities Financing activities generated cash of HK$8,271,760 for the year ended December 31, 2024. Financing activities comprise issue of shares and additional paid -incapital of subsidiaries. There was no cash flows from financing activities for the year ended December 31, 2023. Sources of Liquidity We finance the operations of the operating entity with internally generated cash flows. As of December 31, 2024 and 2023, our cash and cash equivalents stood at HK$250,491 and HK$81,662, respectively. The operating entity had no other external borrowings. 53 INDUSTRY OVERVIEW All the information and data presented in this section have been derived from Frost & Sullivan Limited (“Frost & Sullivan”)’s industry report commissioned by us entitled “The Premium Food and Beverage Supply Chain Management Solutions Market Independent Market Research” (the “Frost & Sullivan Report”) unless otherwise noted. Frost & Sullivan has advised us that the statistical and graphical information contained herein is drawn from its database and other sources. The following