Company: BGHL
Filing Date: 2025-09-12
Form Type: F-1/A
Source: 0001213900-25-087202
Chunk: 86

Company: BILLION GROUP HOLDINGS Ltd
Filing Date: 2025-09-12
Form: F-1/A
Chunk 86
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5 | ) |
| Total liabilities and shareholders’ equity                                                                                                      |     |    5,557,327 |   |     |   43,347,154 |   |     |   17,877,222 |   |     | 25,469,932 |   |     |         142.5 |   |

____________ Note: (*)Giving retrospective effect to the Share Issue as detailed in note 12 to the combined financial statements.

46 Cash and cash equivalents As at December 31, 2024, cash and cash equivalents were HK$250,491, representing an increase of HK$168,829 or 206.7%, as compared to HK$81,662 as of December 31, 2023. The increase was the net effect of cash inflows from financing activities, and cash outflows from operating activities for the year ended December 31, 2024. Inventories As at December 31, 2024, inventories were HK$225,320, representing a decrease of HK$2,336,640 or 91.2%, as compared to HK$2,561,960 as of December 31, 2023. The significant decrease was mainly due to the shorter inventory turnover days. Despite of the increase in sales volume and transactions for the year ended December 31, 2024, the operating entity was able to shorten the supply time by reviewing its inventory process for efficiency improvement. Most of the products were delivered directly from the suppliers to the customers. As a result, the inventory level as at December 31, 2024 had been dropped significantly as compared to 2023. Accounts receivable, net As at December 31, 2024, accounts receivable was HK$42,697,286, representing an increase of HK$30,433,288 or 248.2%, as compared to HK$12,263,998 as of December 31, 2023. The operating entity generally grants to its customers credit terms of 60 -90days. The significant increase in accounts receivable was mainly due to the increase in sales in the last quarter for the year ended December 31, 2024 as compared to the same period of 2023. The operating entity maintains allowances for credit losses for estimated losses. Allowance for credit losses is made at different rates on accounts receivable based on aging and 100% on any specifically identified receivables that may become uncollectible. There is no allowance for