Company: PLTYF
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001410578-25-001338
Chunk: 30

Company: Plastec Technologies, Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 30
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 any adjustments that may result from tax return audits or examinations are not likely to have a material or adverse effect on our consolidated results of operations, financial condition or cash flows.
Impairment of long-lived assets
We periodically evaluate the carrying value of long-lived assets to be held and used when events and circumstances warrant such a review. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair market value of the long-lived asset. Fair market value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for the cost to dispose.
Revenues
No revenues were generated in the fiscal years ended December 31, 2022, 2023 and 2024, whilst we had recorded other income of approximately HK$91,000 from reversed over-accrued expenses for fiscal year ended December 31, 2022, and approximately HK$118,000 mainly from gain on disposals of plant and equipment for fiscal year ended December 31, 2024.

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​                  Fiscal Years Ended December 31,                                                                         ​
​              ​   2022                            ​   2023                            ​   2024                            ​
​              ​   (HK$’000)                                                                                               ​
​                  Amount          % of Total          Amount          % of Total          Amount          % of Total      ​
Other income       ​     91    ​   ​       100.0   %   ​     —     ​   ​       0.0     %   ​     118   ​   ​       100.0   %
​
Operating Costs
Our operating expenses in fiscal years ended December 31, 2022, 2023 and 2024 consisted of the following:

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