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Consolidated Statements of Cash Flows
12 Months Ended
Jun. 30, 2024
HKD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
HKD ($)
Jun. 30, 2022
HKD ($)
Cash flows from operating activities:        
Net income $ 2,595,504 $ 332,403 $ 2,665,090 $ 8,161,414
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation of property and equipment 325,944 41,743 326,261 188,753
Amortization of right-of-use assets 353,807 45,312 402,063 325,651
Provision for expected credit losses 99,775 12,778
Deferred offering costs 277,759
Change in operation assets and liabilities        
Accounts receivable (8,514,195) (1,090,403) (7,539,058) 1,957,627
Prepayment and deposits (143,218) (18,342) 3,556,643 (3,317,058)
Contract assets 955,105
Prepaid tax 553,941 70,943 (722,140)
Account payables 7,253,390 928,933 4,437,252 1,147,675
Income tax payable (242,225) (1,347,483)
Contract liabilities (2,152,957) (275,727) (2,106,124) (637,789)
Operating lease obligation (370,181) (47,409) (384,985) (326,355)
Net cash provided by operating activities 1,810 231 670,536 7,107,540
Cash flow from investing activities:        
Purchases of property and equipment (28,397) (1,483,088)
Net cash used in investing activities (28,397) (1,483,088)
Cash flow from financing activities:        
Payments of IPO costs (1,361,560) (174,372) (1,298,992) (3,204,829)
Proceeds (repayment) of amount due to a director 7,140 914 (158,277) (359,910)
Proceeds (repayment) of amount due from/to related parties (16,201) (2,075) 1,049,199 3,706,968
Collection of payment on behalf of a customer 3,530,000 452,083
Dividend payments (1,500,000)
Net cash (used in) provided by financing activities 2,159,379 276,550 (408,070) (1,357,771)
Change in cash 2,161,189 276,781 234,069 4,266,681
Cash, beginning of the year 6,245,104 799,803 6,011,035 1,744,354
Cash, end of the year 8,406,293 1,076,584 6,245,104 6,011,035
Supplemental cash flow information        
Cash paid for income tax 1,431,957 2,689,863
Cash received from tax refund 256,874 32,898
Cash paid for interest expense 1,049 134 5,535 1,550
Non-cash activities:        
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 1,084,738