Company: GLXG
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001213900-25-102144
Chunk: 260

Company: Galaxy Payroll Group Ltd
Filing Date: 2025-10-24
Form: 20-F
Item: Item 19
Chunk 260
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 related parties          Relationship                                         transactions                                HKD                               HKD                   HKD               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Noah Trust (Asia) Limited        Mr. Kenneth But being one of its directors           Payroll outsourcing service fee income      $                                 $          6,000      $          6,000  
  Nebula 360 Services Limited      Raymond, brother of Mr. Lao, being the director      Employment service fee expense              $                                 $         23,460      $         46,749  

Note 10 - Leases

The Group has entered into
lease arrangements for its office facility.

The components of lease expense
were as follows:

  For the years ended June 30,                                                                            
  2023                                             2024                     2025                          
  HKD                                              HKD                      HKD                      US$  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  Operating lease cost $            1,177,995      $         1,156,024      $         1,120,629      $    

Supplemental balance sheet
information related to leases was as follows:

                                                                              June 30,                                                                
                                                                              2024                         2025                                       
                                                                              HKD                          HKD                      US$               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Operating lease:                                                                                                                                    
  Operating lease right-of-use assets                                         $             2,332,135      $         1,225,109      $        156,066  
  Current operating lease obligation                                                        1,095,621                  945,801               120,486  
  Noncurrent operating lease obligation                                                     1,248,510                  291,151                37,090  
  Total operating lease obligation                                            $             2,344,131      $         1,236,952      $        157,576  
  Weighted average remaining lease term (in years):                                                                                                   
  Operating lease                                                                                 2.2                      1.0                        
  Weighted average discount rate:                                                                                                                     
  Operating lease                                                                                 3.6                      3.6                        
  Cash paid for amounts included in the measurement of lease liabilities      $             1,159,214      $         1,108,944      $