Company: FEBO
Filing Date: 2025-05-14
Form Type: 20-F
Source: 0001641172-25-010075
Chunk: 183

Company: Fenbo Holdings Ltd
Filing Date: 2025-05-14
Form: 20-F
Item: Item 18
Chunk 183
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’000                HK$’000                US$’000  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────
  Machinery & equipment                           2,832                  2,845                    366  
  Electronic equipment                               33                     56                      7  
  Office equipment                                2,193                  2,394                    308  
  Computer software                                 109                    106                      8  
  Motor vehicles                                  2,471                  2,459                    317  
  Total cost                                      7,638                  7,860                  1,006  
  Less: Accumulated depreciation                ( 6,394                ( 6,742                  ( 862  
  Net book value                                  1,244                  1,118                    144  

Depreciation
expenses recognized for the years ended December 31, 2024, 2023 and 2022 were HK$ 505,000 506,000 702,000

Note
7Right-of-use assets and operating lease liabilities

As
of December 31, 2024, the Company had the following non-cancellable lease contracts:

Schedule of non-cancellable lease contracts

  Description                                           Term                                                     Imputed                  
  of lease                                                                                                       interest rate            
  Director’s                                            24 months from May 1, 2023 to April 30, 2025                                 5.6  
  quarters, Kowloon, Hong Kong                                                                                                            
  Office,                                               24 months from January 1, 2025 to December 31, 2026                          5.6  
  Kowloon, Hong Kong                                                                                                                      
  Production                                            3 years from July 16, 2024 to July 15, 2027                                 3.45  
  plant and administration facility, Shenzhen, PRC                                                                                        
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

The
following amounts were recognized in the consolidated balance sheets:

Schedule of condensed balance sheet

                                   December 31, 2023                 December 31, 2024                  December 31, 2024             
                                   HK$’000                           HK$’000                            US$’000                       
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Right-of-use assets                                     3,801                             15,295                             1,969  
  Operating lease