Annual Report 2016
165
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
42. RETIREMENT BENEFITS OBLIGATIONS
Defined Contribution Plans
The Group operates a Mandatory Provident Fund Scheme for all qualifying employees in Hong
Kong. The assets of the schemes are held separately from those of the Group, in funds under
the control of trustees. The Group contributes 5% of relevant payroll costs to the scheme, which
contribution is matched by employees.
The employees of the Group’s subsidiaries in the PRC are members of a state-managed retirement
benefit scheme operated by the government of the PRC. The subsidiaries are required to
contribute certain percentage of payroll costs to the retirement benefit scheme to fund the benefits.
The only obligation of the Group with respect to the retirement benefit scheme is to make the
specified contributions.
Employees in Taiwan may choose a scheme where the rate of contribution by an employer should
not be less than 6% of the employees’ monthly salaries and the employees may also voluntarily
contribute up to 6% of the monthly salaries to the provision fund account under the Labor Pension
Act of Taiwan.
For the year ended March 31, 2016 and 2015, the total cost charged to income of approximately
HK$17,112,000 and HK$16,680,000, respectively, represents contributions payable to these
schemes by the Group.
43. SEGMENT INFORMATION
Information reported to the Group’s chief operating decision maker (“CODM”) for the purposes
of resource allocation and assessment of segment performance are principally categorised into
two key operating segments, (i) trading of electronic components and (ii) trading and designing
integrated circuits, in which for trading of electronic components segment, it will further be
disaggregated by geographical locations for CODM’s review.
The Group’s reportable segments are as follows:
(i)
Trading of electronic components
– Southern China Region;
– Northern China Region;
– Taiwan
(ii)
Trading and designing integrated circuits
