Dynasty Home (01198) announced that the company has adopted RMB as the presentation currency for its consolidated financial statements.
Zhitong Finance App News, Dynasty Home (01198) announced that the company has adopted RMB as the presentation currency for its comprehensive financial statements.
The Group's consolidated financial statements are presented in Hong Kong dollars. After considering that most of the Group's transactions are valued and settled in RMB; and that changing the presentation currency can reduce the impact of fluctuations in the exchange rate of the Hong Kong dollar against the RMB (unrelated to the Group's operations and financial situation and beyond the Group's control) on the Group's comprehensive financial statements, the Board of Directors believes that changing the presentation currency can enable the company's shareholders to more accurately understand the Group's financial performance.
The Group's first consolidated financial statement in RMB will be the Group's full year results for the year ended December 31, 2023. Comparative figures for the year ended 31 December 2022 will be restated in RMB and presented in full year results.