Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 106

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 5
Chunk 106
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  Current assets                                   97,933                   79,999                   10,299  
  Current liabilities                              43,004                   41,414                    5,332  
  Working capital                                  54,929                   38,585                    4,967  

Current assets as of December
31, 2024, was HK$80.0 million (US$10.3 million). Out of this balance, the Company had cash of HK$27.5 million (US$3.5 million) of which
approximately HK$20.6 million was denominated in Hong Kong Dollar and approximately HK$6.9 million was denominated in RMB. The current
asset balance mainly included accounts receivable, net of approximately HK$37.3 million (US$4.8 million), prepaid expenses and other current
assets of HK$3.7 million (US$0.5 million) and inventories of HK$11.5 million (US$1.5 million).

  64  

Current liabilities as of December
31, 2024, was HK$41.4 million (US$5.3 million). This amount was composed of accounts payables of HK$15.2 million (US$2.0 million), other
payables and accrued liabilities of HK$6.3 million (US$0.8 million), amounts due to related parties of HK$3.1 million (US$0.4 million),
current portion of lease liabilities of HK$5.8 million (US$0.8 million) and bank loan of HK$11.0 million (US$1.4 million).

Current assets as of December
31, 2023, was HK$97.9 million. Out of this balance, the Company had cash of HK$46.3 million of which approximately HK$39.3 million was
denominated in Hong Kong Dollar, approximately HK$2.6 million was denominated in USD and approximately HK$4.4 million was denominated
in RMB. The current asset balance mainly included accounts receivable, net of HK$31.5 million, prepaid expenses and other current assets
of HK$6.0 million and inventories of HK$14.1 million.

Current liabilities as of December
31, 2023, was HK$43.0 million. This amount was composed of accounts payables of HK$18.5 million, other pay