Company: CLIK
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001493152-25-019286
Chunk: 118

Company: Click Holdings Ltd.
Filing Date: 2025-10-24
Form: 20-F
Item: Item 19
Chunk 118
---
 acquired Top Spin and have consolidated their financial results in the consolidated
financial statements since the date of acquisition. As the result of acquisition, goodwill amounted to HKD 69,517,007 8,912,437 ursing
solution services qualitative
assessment was performed post-acquisition, considering factors such as stable demand for nursing services, positive financial
performance, and no adverse regulatory changes. No impairment indicators were identified, and it was more likely than not that the
fair value of the Care U reporting unit exceeded its carrying amount, thus no

CLICK
HOLDINGS LIMITED AND SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

O. Operating leases

The
Company leases its offices under operating leases in accordance with ASU 2016-02, Leases (Topic 842). Operating leases are recorded in
the balance sheet as right-of-use (“ ROU”) assets and lease liabilities, initially measured at the present value of the lease
payments. The Company elected the short-term lease exemption for lease terms of 12 months or less

At
the commencement date, the Company recognizes the lease liability at the present value of the lease payments not yet paid, discounted
using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing
rate for the same term as the underlying lease.

The
ROU asset is recognized initially at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct
costs incurred, consisting mainly of brokerage commissions, less any lease incentives received. All ROU assets are reviewed for impairment.
There was no

P. Revenue recognition

The
Company follows FASB ASC Topic 606, Revenue from Contracts with Customers (“ ASC 606”). ASC 606 establishes principles for
reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts
to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods
or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those
goods or services recognized as performance obligations are satisfied.

In
accordance with ASC 606, revenues are recognized when control of the promised services is transferred to customers, in an amount that
reflects the consideration the Company expects to be entitled to in exchange for those