ACCRUALS AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2024

Payables and Accruals [Abstract]

ACCRUALS AND OTHER CURRENT LIABILITIES

9. ACCRUALS AND OTHER CURRENT LIABILITIES

	As of December 31,
	2023		2024		2024
	HKD’000		HKD’000		US$’000
Accrued payroll and welfare expenses		130		194		25
Withholding tax payable (note)		-		746		96
Accrued audit fee		1,226		876		113
Deferred government subsidies		-		677		87
Other accruals and payables		102		193		25
Total		1,458		2,686		346

Note: The Company’s operating subsidiary, acting as fund manager, withheld income tax on behalf of a fund that was closed during the year. These funds are held for potential future tax obligations related to investor distributions and will be remitted to tax authorities if required upon final determination of the fund’s tax position.

PLUTUS FINANCIAL GROUP LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS