Professional Documents
Culture Documents
Governing Council
01
Committees
02
Chairmans Report
04
08
25
Member Benefits
31
32
Financial Statements
34
34
35
36
37
37
41
Governing Council
01
Chairman
Dr Simon Kwok Siu Ming, BBS, JP
, BBS,
Chairman & CEO
Sa Sa International Holdings Limited
Vice-Chairmen
Mr Ken Chan Wing On
Chairman
Executive Director
Prince Jewellery & Watch Company
Honorary Adviser
Mrs Selina Chow, GBS, OBE, JP
, GBS, OBE,
Appointed Members
Mr Winston Chow
Mr Frank Lee
President
Tom Lee Music Co Ltd.
Elected Members
Retailer Category
Ex-officio Member
Mr Anthony Lau
Executive Director
Hong Kong Tourism Board
Advisers
The Hon Tommy Cheung, SBS, JP
, SBS,
Member of the Legislative Council
Catering Functional Constituency
Executive Director
Emperor Watch & Jewellery (HK) Co. Ltd
Ms Roxanna Sin
President
Princeton Custom Tailors
Chairman
Caf de Coral Holdings Limited
Executive Director
Wai Yuen Tong Medicine
Holdings Limited
Mr Karlson Wong
Executive Director
Kee Wah Bakery Ltd
Restaurant Category
Mr Kavin Chan Kam Fai
Managing Director
Lan Kwai Fong Entertainments
President
Foo Lum Group
Director of Marketing
Mega Hospitality International
General Manager
Times Square Limited
Executive Manager
Ms Cathy Yau
02
Committees
The Governing Council established five committees to achieve its goals. They are the Better
Business Environment Committee, the Marketing Activities Committee, the Public Relations
Committee, the Quality Enhancement Committee and QTSA SME Development Fund Project
Committee. These committees spearhead all the Associations activities and directions.
5
Objective
Activities
Committee Chairman
Ms Katherine Siu
Committee Vice-Chairman
Mr Calvin Chan
Members
Ms Joanne Choi
Mr Joseph Chu
Ms Jessica Li
Mr Manu Melwani, MH, JP , MH,
Ms Roxanna Sin
Mr Karlson Wong
Mr Yeung Wai
* Mr Billy Cheung (Co-opted Member)
Committee Chairman
Objective
Committee Vice-Chairman
Activities
Ms Karen Tang
Mr Frank Lee
Members
Mr Calvin Chan
Ms Joanne Choi
Mr Joseph Chu
Mr Tommy Li, BBS, MH, JP , BBS, MH,
Ms Jessica Li
Mr Manu Melwani, MH, JP , MH,
Mr Karlson Wong
Mr Yeung Wai
Ms Shirley Yip
*Ms Nancy Wong
Committees
Committee Chairman
Objective
Committee Vice-Chairman
Ms Roxanna Sin
Members
Activities
Ms Joanne Choi
Mr Joseph Chu
Mr Frank Lee
Ms Jessica Li
Ms Katherine Siu
Mr Yeung Wai
Ms Shirley Yip
* Mr Billy Cheung (Co-opted Member)
Committee Chairman
Objective
Committee Vice-Chairman
Activities
Committee Chairman
Committee Vice-Chairman
Mr Winston Chow
Members
Mr Kavin Chan
Mr Peter Chow
Mr Homer Yu, MH , MH
Mr Winston Chow
Members
Mr Frank Lee
Ms Jessica Li
Mr Manu Melwani, MH, JP , MH,
Ms Roxanna Sin
Ms Katherine Siu
Ms Karen Tang
Mr Homer Yu, MH , MH
Advisers
03
04
Chairmans Report
The number of visitors has reached new heights in recent years. The total
2014
first two quarters of this year. However, total retail sales for the first seven
3.6%3.7%7
1.5%
Since its establishment in 2003, the QTSA has become one of the leading
trade associations in Hong Kong with support from the industry and our
2003
the retail, restaurant and other service provider categories, covering more
1300
8000
Chairmans Report
our members to expand their networks and improve service quality, creating
one of the most anticipated QTSA events that provides a platform for top
business leaders to share their success stories and the best practices.
As Hong Kong is a world-class city, the QTSA has worked closely with the
events to promote the Quality Tourism Services Scheme and gain more
New Year Night Parade organised by the HKTB for the fifth consecutive
float with the theme Sharing Quality Brands Carnival for the enjoyment of
both local citizens and tourists. To further raise the QTSAs reputation and
05
06
Chairmans Report
which has significantly promoted the QTS Scheme and QTSAs image
worldwide.
and Outstanding QTS Merchant Services Staff Award and the awards
2014
launched the 2014 Most Popular QTS Merchant Award (Online Voting),
successfully.
Enhancement through Converging Partners
The QTSA has been working closely with both the Government and
201357
of our members regarding legislation that affects the industry, but also
2012
Chairmans Report
keep our members abreast of the most updated information. In May and
() ()
2014
The QTSA always strives to strengthen relationship with media and keep
the public informed of the QTS Scheme, the QTSA and its members. We
our role diligently to drive industry growth and to utilise the strengths of
our members and partners to set higher benchmarks for quality products,
07
08
20132014
The QTSA actively promote and facilitate a communication and promotional platform for our members to help elevate their
service quality and create a prosperous business environment.
QTSA Annual Dinner 2013 cum Quality Tourism Services (QTS) Merchant & Service Staff
Awards Presentation Ceremony
2013
The QTSA Annual Dinner 2013 cum Quality Tourism Services
(QTS) Merchants & Service Staff Awards Presentation Ceremony
was held successfully on 9 October 2013 at the Convention Hall,
Hong Kong Convention and Exhibition Centre. Co-organised
with the Hong Kong Tourism Board, the annual dinner was well
attended by our guests, members and business elites. Mr Gregory
So Kam-leung, GBS, JP, Secretary for Commerce and Economic
Development; Mr Guo Hengbin, Deputy Director-General,
Coordination Department of the Liaison Office of the Central
Peoples Government in the HKSAR, and Mr Philip Yung, JP,
Commissioner for Tourism were invited to be the officiating guests.
The 10-year QTS Merchant Recognition and Outstanding QTS
Merchants Service Staff Award were distributed to the winners
during the ceremony. It was truly a special evening for all present
and the Annual Dinner concluded in a celebratory atmosphere.
2013109
, GBS,
,
10
09
10
201312
16The Mira Hong Kong
, JP
Member Visit
11
12
To enhance the image of the Quality Tourism Services Scheme and accredited merchants, the QTSA has been working with the
Hong Kong Tourism Board on several promotional projects. The QTSA has held a number of mega events and created various
platforms to reach out the potential consumers.
201362123
-
The first day of the Year of the Horse coincided with the worldfamous night parade in Tsim Sha Tsui. The QTSA again made
an appearance at the Parade for the fifth consecutive year. The
Association teamed up with nine quality merchants to create a
glittering float in order to promote the services of the Association
in Asias World City and the spirit of quality services.
13
14
2014342014
150
83
10035
To help consolidate the advantages of the retail and restaurant industrys professionalism and knowledge of international markets,
the QTSA organises many diverse training programmes to address the needs of the industry and characteristics of members.
These actions fully demonstrate the importance the QTSA places on providing top quality training services.
2013
15
16
17
18
/
/
Seminar
Training is one of the key objectives of the QTSA, for which they organize a series of seminars. Through these seminars, members
of the trade obtain the latest market intelligence and practical skills to improve their operations quality and knowledge of staff.
JUNE
19
20
AUG
OCT
NOV
Settling Conflicts in Complaints for the New Generation Service Team Seminar
MAR
21
22
JUL
Moderator :
Dr Ken Fong, Founding Chairman of
Hong Kong Retail Technology Industry
Association and Adjunct Associate Professor of
the Hong Kong Polytechnic University
Guest Speaker :
Mr Gilman Yu, CMO, Green Tomato Limited
Green Tomato Limited
Mr Ricky Chu, CEO, The Gravitas Group
The Gravitas Group
Ms Wendy Chen, Co-Founder and CEO,
StampUp / Omnistream
StampUp/ Omnistream
Online to-Onsite : The Next Big Thing for Retail & Catering Seminar
: O2O
Moderator :
SEP
Guest Speaker :
Ms Christina Lin, Account Manager,
Facebook
Facebook
23
NOV
Guest Speaker :
Ms Queenie Chung, General Manager, Mr Ryan Lam, Business Development
UDomain Web Hosting Company Limited Manager, Fimmick Hong Kong
Fimmick
Mr Homer Yu, MH, Chief Executive Officer,
Ms Jacqueline Chong, Co-Founder
Cheong Hing Store Ltd
and CMO, TalkBox Limited
TalkBox Limited (1917), MH
MAY
24
Briefing on the Trade Descriptions (Unfair Trade Practices) (Amendment) Ordinance 2012
<<2012()()>>
JUL
JAN
Membershipw List
Retailer Category
acupuncture
AEON
AGATHA
Ah Moon
AIGLE
Alain Mikli
Alpha
Al-Shahzadi HK Limited
ANKANG
Another
Apsley Tailors Limited
ARTE
BB Laboratories
BeautyNet Company
BeBe Dream
Bed & Bath
()
Bees Diamonds
BELLE
Bioderma
()
Birkenstock
Bloomsbury Books Ltd
Bobbys Fashions
BodiBra
bossini
Byford
C SQUARE
C.P.U.
Cai
Calvin Klein Golf
Casimira
CH Jewellery
Chapel
Charming Pop
Chat Chat
CHERRY
()
()
Chocolate House
()
Circle Digital
Cithara
Citizen
Citizen (managed by City Chain)
citysuper
CLARKS
COBO
colourliving
Comax Enterprise Worldwide Limited
Cosmo Beebies
Daniel Fashions
DAZZLE
Descente
DESIRE BY MANDY LAU
DHC
Digital Factory
DOUBLE HAPPINESS
25
26
Membershipw List
ebase
Eminent Luggage
()
Ezample
F & H by FANCL
Fables
FANCL
Fionas Prince
()
Folli Follie
Fossil
FUSION
Futbol Trend
GAD & Co.
G-Factory
G-Factory managed by City Chain
gitti
GNC
GODIVA
GOODFOOD
Gourmet
GREAT
Hannah
Hauber
Hideo Wakamatsu
HOM
HOMELESS
()
Hush Puppies
I.D. Collection
initial
InNIU
IP Zone
ISA KNOX
ISLAND WAKE
Jasons
JC Shop
Jenny Jewellery Co
Jessica
Jipi Japa
()
Josef Seibel
()
()
Kingkow
Kipling
LCX Limited
le coq sportif
Leonidas Pralines
()
Liliana
Membershipw List
()
()
LOG-ON
Lost & Found
Luisa Cerano
Maclarry Fashions
()
Maple
Marc Cain
100
Melani
Mendoza bags & luggage
Miscela
mi-tu
mobi shop
Monte Kashmir
Mothercare
()
360
Nine West
One2Free
88
Oregon Scientific
Organic Baby
OVO Home
OVO Studio
PN
Pacific Custom Tailors
Page One The Designers Bookshop (HK) Ltd
PELZ 18
Pens Museum
Perfect Diamond Jewellery Company
Perfect Watch Co Ltd
Pete Fashions Ltd
Petite
Phoenix Digital Photo Company
Phoenix Nest Corporation Limited
Pink Box
PIT
PLEN+Y
Plum Blossoms (International) Ltd
POMPEI
Ponti Wine Cellars
Popular Book Company
Precision Watch Co Ltd
Premier Jewellery Co Ltd
Premiere Pression Provence
Premium by tic tac time
Premium Watch & Jewellery Ltd.
President Jewellery Co Ltd
Prestige Crafts
Pricerite Stores Limited
Prince Fashion
Prince Jewellery & Watch Co
Princess
Princeton Custom Tailors
Pro Bike Center Limited
Pro Cam-Fis Outfitters Ltd
Protech Computer Limited
PURETE
Puyi Optical Limited
Quality Birds Nest Co
Queensway Golf International Limited
RAAKEE
Rabeanco
Rachels Cookies
Raja Fashions
Rapee Living
RC Outfitters
RE:ECHO
Rebacca Shop
REGAL JEWELRY LIMITED
Regent Jewellery Co
Regent Shop
RELAY
RenGuangDo
Ricky Jewellery Company Limited
Right Watch Co Ltd
Rio Pearl
RocaConcepts
ROCOCO
Rodeo Drive Japan
Rosita JEWELLERY & GIFT
Round The World
Royal Regency Ltd
Royal Selangor (HK) Ltd
S. Culture
Sa Sa Cosmetic
SABATINA
Saint Etoile
Sams Tailor
Samuel & Kevin
Sandy Collection
Sapo Cosmetics Limited
Sarelle International Co Ltd
Satellites Jewellery Co
Scoops
See Hay Jewellery Company Limited
Seiko
Senses Optik
Shanghai Food
SHANIEL FASHIONS LTD
Shayne Custom Tailors
Sheryia Curtain Company Ltd
Shing Fat Hong
Shing Fung Ceramic Arts and Crafts
Shing Hing Watch Company
Shing Lung Hong Company
Shing Tai Ginseng Company Limited
Shining Optical Centre
shop@dcfever
Showroom
Simpson Sin Tailor
Sinquanone
Sinomax
SKECHERS
SKINFOOD
Smart Glory Electrical Co
SmarTone
SOFAMARK
SOGO Hong Kong Co Ltd
Solvil et Titus
Speed Time
Sports Corner
Sportshouse
STACCATO
Standard Audio & Photo Supplies Ltd
Stanley Jewellery Co
Star Co
Star Watch & Gift Shop
Stately Worldwide Limited
Studio A
Sun Hai Jewellery & Goldsmith Co Ltd
Sun Sing Tea
Sun Wah Herbs & Medicines
Sunglass Hut
Suning
SU-PA-DE-PA
Supreme Co
Supreme Jeweler
Swindon Book Co Ltd
T Galleria
Tai Cheong Bakery
Tai Cheong Jewellery Co
Tai Fook Jewellery Group Limited
Tai Hing Birds Nest Shop
Tai Hing Hong
18
Petite
Pink Box
PIT
PLEN+Y
Prince Fashion
RAAKEE
Rabeanco
Rachels Cookies
Raja Fashions
RE:ECHO
RocaConcepts
ROCOCO
Rodeo Drive Japan
()
S. Culture
SABATINA
Saint Etoile
Sams Tailor
Samuel & Kevin
Scoops
()
Seiko
S.H.
shop@dcfever
Showroom
Sinquanone
Sinomax
SKECHERS
SKINFOOD
SmarTone
()
Solvil et Titus
Speed Time
Studio A
Sunglass Hut
SU-PA-DE-PA
()
T Galleria
27
28
Membershipw List
TASSELS
TASTE
THANN
()
The North Face
The Overlander
&
ThreeSixty
time + style
Time Plaza
()
()
Tonino Lamborghini
TonySame
ToysRUs
UNION
()
V & S Fine Jewellery
Valentine
VCOCCA
Venchi
Visual Culture
voi_la!
()
Walker Shop
Wise-Kids Toys
YMK
Restaurant Category
8 Happiness
Agave Tequila Y Comida
Ah Yat Harbour View Restaurant
Airport Izakaya - Regal Airport Hotel
Aji Bou Izakaya - Regal Riverside Hotel
Ajisen Ramen
Akita Teppanyaki Sashimi
Amaronis Little Italy
Amuse Bouche
Anytime
Aqua City Bakery
Arena Kitchen
Arirang Korean Restaurant
Avanti Pizzeria - Regal Riverside Hotel
baby cafe
Bake & Bite
Bakery Cafe
Balcony - Panda Hotel
Bangkok Thai Restaurant
Banquet Palace
Barbeque Plus
BICHO
Big Top Restaurant
Bistro Delifrance
Bistrot Le Fauchon
BLT Steak
BO INNOVATION
Bombay Dreams
Brasserie Le Fauchon
Bridal Tea House
Bubba Gump Shrimp Co Restaurant & Market
Budaoweng Hotpot Cuisine
Burger King (Airport & The Peak)
Cafe 308
Cafe Aficionado - Regal Airport Hotel
Cafe Allegro - Regal Kowloon Hotel
Cafe by the Park - B P International
Cafe Concourse - Metropark Hotel Mongkok
Caf de Coral Fast Food Limited
Cafe de Country Art
Cafe De Fontaine
Cafe de Savoy
Cafe Deco
Cafe Deco Bar
Cafe Deco Restaurant
Cafe Itamomo
CAFE LANDMARK
Cafe Lido - Royal View Hotel
Cafe Locomotive
CAFE MED
Cafe Muse
Cafe Neo - Regal Oriental Hotel
Cafe Ocean
Cafe Siam
Caffe Habitu
Caffe Ritazza
Calf Bone King
California Vintage
can.teen
Canton Room - Gloucester Luk Kwok Hong Kong
Caramba
Carnival Seafood Restaurant
Carpaccio Pasta, Pizza & Vino
CATERKING DIM SUM
Caviar House & Prunier Seafood Bar
Cecconis
Chan Kan Kee Chiu Chow Restaurant
CHAO AND HAK
Chao Dynasty
Chao Inn
Chao Inn
Chao Yang Restaurant
Charlie Brown Cafe
Charming Cuisine
Cheena - Rosedale on the Park
Cheerful Sky Cuisine
Cheers Restaurant
Ches Cantonese Restaurant
Cheung Lung La Mian Xian Long Bao
Chilli Fagara
China Coast Bar + Grill - Regal Airport Hotel
China Fragrance
China Land Restaurant
Chinese Kitchen Taiwan Beef Noodle
Chiu Chow Chuen
Chiu Chow Restaurant
Chiuchow Garden
Chiuchow Garden Restaurant
Chuk Yuen Seafood Restaurant
Chung Shing Restaurant Limited
Chung Shing Traditional Food Limited
Chungs Cuisine
Cinta - J
City Cafe - The Cityview
City Chiu Chow Restaurant Ltd
City Hall Maxims Cafe
City Hall Maxims Palace
Cloudland Chinese Cuisine
Congee House
Congee King
Congress Restaurant
CookedDeli by citysuper
Cooking Mama 360
Coyote Bar
Cozy Corner
Craftsteak
Crowd Restaurant
Crystal Harbour Restaurant
-
-
Arena Kitchen
-
baby cafe
Bakery Cafe
-
()
Plus
Bistro Delifrance
Bistrot Le Fauchon
BLT Steak
BO INNOVATION
Bombay Dreams
Brasserie Le Fauchon
()
Cafe 308
-
-
-
CAFE LANDMARK
-
Cafe Muse
-
Cafe Siam
Caffe Habitu
Caffe Ritazza
California Vintage
can.teen
-
Caramba
CookedDeli by citysuper
Cooking Mama 360
Coyote Bar
Cozy Corner
Craftsteak
Membershipw List
Cuisine Cuisine
Da Bino Restaurant
Daddys Kitchen
Dan Ryans Chicago Grill
Daniels Restaurant
Darrie-Go!-Noodles
deck n beer
Deli and Wine
Deli Viet
Delicious Kitchen
Delifrance
Deli-O
Dim Sum Square Company Limited
Dining Fine
DiVino
Divino Patio Ristorante, Bar & Pizzeria
Dotcod Seafood Restaurant & Oyster Bar
Dragon Dynasty Restaurant
Dragon Inn - Regal Airport Hotel
Dragon King Restaurant
Dragon Palace Restaurant
Dragon Seal Restaurant & Bar
edo bibo oyster steak house
Edomae
Eighteen Brook Cantonese Cuisine
ELM Restaurant & Lounge
Empire City Roasted Duck
ETSU sushi
EXP
Fairwood Fast Food Limited
Farm House Restaurant
Federal Palace
Feng Chia Market
Festive China
FINDS
Fishful Season
flame at towngas avenue
Flamingo Lounge - B P International
Foo Lum
Foo Lum Fishermans Wharf Restaurant
Foo Lum Fishermans Wharf Restaurant & Pleasant Palace
Foo Lum Fishermans Wharf Restaurant & Pleasant Palace
Foo Lum Palace
Foo Lum Restaurant
Fook Lam Moon Restaurant
Fook Yuen (TSTE) Seafood Restaurant
Fortune Cuisine
Forum Restaurant (1977) Ltd
Fresh Seafood Restaurant
Fruit Stop Health Food Restaurant
Fu Tung Cantonese Cuisine
Fung Shing Restaurant
Gateway Cuisine
Gaylord Indian Restaurant
Golden Bauhinia
Golden China Restaurant Limited
Golden City Seafood Restaurant
Golden Federal Restaurant
Golden Garden Seafood Restaurant
Golden Shanghai Cuisine
Golden Thai Food
Grand Central Bar & Grill
Grand Hill Taiwanese Restaurant
Grappas Kimberley
Great Beef Hotpot
Greens Cafe - Harbour Plaza North Point
Haagen-Dazs
Hainan Shaoye
HAK-KA-HUT
Hang Fa Lau
Happiness
Happiness Cuisine
Happiness Gastronomy
Harbour Restaurant
HARD ROCK CAFE HONG KONG
Harvest Restaurant
Hee Kee Fried Crab Expert
Heichinrou Restaurant
Hey YO!!
HIBISCUS KOREAN RESTAURANT
Hillview Cafe - Stanford Hillview Hotel
HIPOT
Ho Choi Seafood Restaurant
Ho Ho Congee & Noodle
Ho Hung Kee (1946) Congee & Noodle Shop
Hobby Kitchen
Hoi Tin Garden Restaurant (Castle Peak Bay)
Hoi Yat Heen
Hoi Yat Heen Chinese Restaurant - Harbour Plaza North Point
Holly Restaurant
Home-made Cuisine
Honeymoon Dessert
Hong Kong Canteen
Hong Kong Cuisine
Hong Kong Jockey Club Moon Koon Restaurant
Hong Kong Jockey Club Pak Sing Restaurant
Hong Kong Lao Shang Hai Restaurant Ltd
Hong Kong Old Restaurant
Hong Zhou
Honorary Family
Hot Pot Empire
House of Beijing
House of Canton Restaurant
House of Jasmine
House of Tang Chinese Restaurant - Metropark Hotel Kowloon
Hui Lau Shan
Hundred Percent Restaurant
Hung Tao Restaurant
Hungs Delicacies (Chek Lap Kok)
Hyde Park Garden Restaurant
iBakery Gallery Cafe
Ichikawa Japanese Restaurant
il meglio Ristorante di Venezia
Imperial Kitchen
In Sa Dong
Indonesia Restaurant
Ippou Japanese Restaurant
Island Tang
Delifrance
Deli-O
DiVino
Divino Patio Ristorante, Bar & Pizzeria
Dotcod Seafood Restaurant & Oyster Bar
EXP
FINDS
()
(1977)
Grappas Kimberley
-
Haagen-Dazs
Hey YO!!
-
HIPOT
(1946)
()
In Sa Dong
29
()
Jimmys Kitchen
Killiney
Kyoto Joe
La Taverna Restaurant
La Villa Restaurant
Lab Made Limited
Laltro
Lanciano
Lawrys The Prime Rib
Le Cafe - Novotel Century Hong Kong
-
Legends of India
LilSiam
LUX
MX
Metropolitan Cafe
Mezzo - Regal Kowloon Hotel
Miso
Monster Sushi
Mr Steak
Mr. Steak Cafe
Munch
JPone
Olive Cafe
Olive Restaurant & Bar
30
Membershipw List
()
-
-
PAPA RAZZI terrazza italiana
-
Pepino Italian Restaurant - Novotel Century Hong Kong
PizzaExpress
PIZZASTAGE
Pizzazaza
Popeyes
-
Pure Bar and Restaurant
RED
Red Thai
-
-
-
-
Regala Cafe & Dessert Bar -
rice paper
Saigon at Stanley
-
()
Sole Mio
-
-
Thai Basil
THE STONEGRILL
Tokio Joe
()
()
()
Wings Kitchen
()
-
()
Yuzu
Zeffirino
Zuma
()
Casa Hotel
By The Park
()
Louis Vuitton
()
Member Benefits
Obtain international marketing opportunities through strategic partnership with the Hong Kong Tourism Board
Participate in marketing programmes with other co-op partners
Enjoy free listing in QTSA publications and on its website
Display QTSA decals in shop fronts or the QTSA logo on stationery and promotional materials
Eligible to register as a voter in the Legislative Council and Election Committee Sub-sector elections under the Wholesale and
Retail Functional Constituency and Election Committee Sub-sector
Express views on industry-related matters via the Association
The provision of networking opportunities and the latest market information for members
Build up links to key international and local trade, tourism and industry associations via social gatherings or member activities
Issue quarterly newsletters for members to stay informed of the latest industry and market information
31
32
The Council has pleasure in submitting its report together with the audited financial
statements for the year ended 31 March 2014.
2014331
Principal activity
The principal activity of the Association is promotion of the retailing and tourism
business sectors in Hong Kong. The Association operates under the business
trading name of Quality Tourism Services Association.
Results
The results of the Association for the year ended 31 March 2014 are set out in the
statement of comprehensive income on page 35.
2014331
35
Reserves
Movements in the reserves of the Association during the year are set out in the
statement of changes in accumulated funds on page 37.
37
Council members
The Council members who held office during the year and up to the date of this
report were:
Au Fung Yi
(2013710)
(20131216)
Chan Wing On
(20131216)
(20131216)
Lee Frank
(20131216)
(20131216)
Li Tsau Ha
(20131216)
Li Tze Leung
(20131216)
(20131216)
(20131216)
(20131216)
(20131216)
Yeung Wai
Yip Lai Sheung
33
The council member appointed by Hong Kong Tourism Board is not subject to
retirement. Other council members are not required to retire in the coming annual
general meeting according to their terms of appointment.
Fixed assets
Details of changes in the fixed assets of the Association during the year are set out
in note 5 to the financial statements.
Management contracts
Auditor
This Chinese Report has been translated from English version. If there is any inconsistency or ambiguity between the
English version and the Chinese version, the English version shall prevail.
34
To the members of
Association of Better Business & Tourism Services
(trading as Quality Tourism Services Association)
(incorporated in Hong Kong and limited by guarantee)
3440
20143
31
The Council members are responsible for the preparation of financial statements that
give a true and fair view in accordance with Hong Kong Financial Reporting Standards
issued by the Hong Kong Institute of Certified Public Accountants and the Hong
Kong Companies Ordinance, and for such internal control as the Council members
determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
Auditors responsibility
An audit involves performing procedures to obtain audit evidence about the amounts
and disclosures in the financial statements. The procedures selected depend on the
auditors judgement, including the assessment of the risks of material misstatement
of the financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the Associations
preparation of the financial statements that give a true and fair view in order to design
audit procedures that are appropriate in the circumstances, but not for the purpose
of expressing an opinion on the effectiveness of the Associations internal control.
An audit also includes evaluating the appropriateness of accounting policies used
and the reasonableness of accounting estimates made by the Council members, as
well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.
Opinion
In our opinion the financial statements give a true and fair view of the state of affairs
of the Association as at 31 March 2014 and of its surplus and cash flows for the
year then ended in accordance with Hong Kong Financial Reporting Standards
and have been properly prepared in accordance with the Hong Kong Companies
Ordinance.
2014331
P04793
Financial Statements
35
Note
2014
HK$
2013
HK$
2,400,000
2,125,000
Income
Funds received
Membership fees
121,118
125,280
Interest income
20
21
3,759,272
4,699,596
6,280,410
6,949,897
26,000
25,000
Expenditure
Auditors remuneration
Bank charges
1,750
1,640
145,680
43,961
Depreciation
Insurance
34,584
33,719
28,775
25,005
36,085
34,914
56,068
33,694
44,167
36,045
5,005,292
Promotion
4,333,867
Salaries
1,375,537
1,444,011
28,521
Subscription fees
23,151
Sundries
69,386
61,426
5,729
6,092
6,180,779
6,779,320
Travelling
99,631
170,577
(6,115)
(17,112)
93,516
153,465
93,516
153,465
36
Statement
of Comprehensive Income
Financial Statements
Non-current assets
Current assets
Accounts receivables
Prepayments
Tax prepaid
Current liabilities
Taxation
Note
2014
HK$
2013
HK$
6,800
321,473
26,212
59,754
21,642
1,848,411
1,232,322
1,903,065
1,613,549
85,523
92,610
503,602
284,058
16,457
589,125
393,125
1,313,940
1,220,424
Net assets
1,313,940
1,220,424
FUNDS EMPLOYED
Accumulated funds
1,313,940
1,220,424
2014815
Financial Statements
37
Surplus for the year and total comprehensive income for the year
2014
HK$
2013
HK$
1,220,424
1,066,959
93,516
153,465
1,313,940
1,220,424
Note
2014
HK$
2013
HK$
OPERATING ACTIVITIES
()
805,963
(408,488)
()
(44,214)
20,154
()
761,749
(388,334)
20
21
operating activities
INVESTING ACTIVITIES
Interest received
(145,680)
(43,961)
(145,660)
(43,940)
()
616,089
(432,274)
1,232,322
1,664,596
1,848,411
1,232,322
equivalents
Cash and cash equivalents at beginning
of year
38
1811
1.
2013
1
1
11
(i)(ii)
(a)(b)
1)
2)
Admission fees from training activities are charged to members based on the number of seats requested in excess of free
entitlement.
Taxation
The charge for current income tax is based on the results for the year as adjusted for items that are non-assessable or disallowed. It is
calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
39
Deferred tax is provided, using the liability method, on all temporary differences at the end of the reporting period between the
tax bases of assets and liabilities and their carrying amounts in the financial statements. However, any deferred tax arises from
initial recognition of goodwill; or other asset or liability in a transaction other than a business combination that at the time of the
transaction affects neither the accounting profit nor taxable profit or loss is not recognised.
The deferred tax liabilities and assets are measured at the tax rates that are expected to apply to the period when the asset is
recovered or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted at the end
of the reporting period.
Deferred tax assets are recognised to the extent that it is probable that future taxable profit will be available against which the
deductible temporary differences, tax losses and credits can be utilised.
Employee benefits
Short-term employee benefits
Salaries, annual bonuses, paid annual leave, contributions to defined contribution retirement plans and the cost of non-monetary
benefits are accrued in the year in which the associated services are rendered by employees. Where payment or settlement is
deferred and the effect would be material, these amounts are stated at their present values.
(a)
(i)
(ii)
(iii)
(b)
(i)
(ii)
(iii)
(iv)
(v)
(vi) (a)
(vii)(a)(i)
(a)
(b)
(c)
2. FUNDS RECEIVED
Funds received represent funds from the Hong Kong Tourism Board:
Management fees
2014HK$
2013HK$
1,650,000
750,000
2,400,000
1,650,000
475,000
2,125,000
2014HK$
2013HK$
1,375,537
36,085
1,411,622
1,444,011
34,914
1,478,925
2014HK$
2013HK$
(a)
Fees
Other emoluments
4. TAXATION
Hong Kong Profits Tax has been provided at the rate of 16.5% (2013: 16.5%) on the Associations estimated assessable profit arising from Hong Kong during the year.
16.5%201316.5%
The charge comprises:
Current tax
Hong Kong Profits Tax
Current year
Overprovision in prior years
Total tax charge for the year
16.5%(2013: 16.5%)
2014 HK$
2013 HK$
6,175
(60)
6,115
17,877
(765)
17,112
2014 HK$
99,631
2013 HK$
170,577
16,439
(3)
(261)
(60)
(10,000)
6,115
28,145
(3)
(265)
(765)
(10,000)
17,112
40
Total (HK$)
()
43,961
(43,961)
-2014331
145,680
(145,680)
145,680
(145,680)
At 1 April 2013
Cost
201341
9,271
(9,271)
330,823
(330,823)
340,094
(340,094)
Accumulated depreciation
At 31 March 2014
Cost
2014331
9,271
(9,271)
414,253
(414,253)
423,524
(423,524)
Accumulated depreciation
2014 HK$
2013 HK$
6,800
-
271,073
50,400
6,800
321,473
6. ACCOUNT RECEIVABLES
Account receivables (Note 6(a))
From third parties
From a related party
( 6(a))
The account receivables from a related party is unsecured, interest free and with a credit period of 10 days. At the end of the reporting period, no provision has been made
for non-repayment of the receivables.
10
6. (a).Included in the account receivables balance are debtors with a carrying amount of HK$6,800 (2013: HK$302,600) which are past due at the end of the reporting period
but which the Association has not impaired as there has not been any significant changes in credit quality.
6,8002013: 302,600
Past due
Less than 30 days
31-60 days
61-180 days
Over 180 days
30
31-60
61-180
180
The Association does not hold any collateral over these balances.
2014 HK$
2013 HK$
6,600
200
-
256,400
6,600
39,600
6,800
302,600
Depreciation
Interest income
2014 HK$
99,631
145,680
(20)
2013 HK$
170,577
43,961
(21)
314,673
33,542
(7,087)
219,544
(247,899)
(29,758)
(1,800)
(343,548)
805,963
(408,488)
Funds management
The objective of the Associations fund management is to safeguard the Associations ability to continue as a going concern. No changes were made in the objectives,
policies or processes during the years ended 31 March 2014 and 2013.
20142013331
This Chinese Report has been translated from English version. If there is any inconsistency or ambiguity between the English version and the Chinese version, the English version shall prevail.
About QTSA
The Quality Tourism Services Association (QTSA) is one of the leading trade associations in
Hong Kong, consisting of over 1,300 members mainly retailers, restaurateurs, other service
providers covering more than 8,000 outlets within the territory.
QTSA is an important strategic partner of the Hong Kong Tourism Board (HKTB) in
promoting quality tourism services and standards and puts its focus on organising
activities for members in order to continuously upgrade the service standards in Hong
Kong. To better reflect our support to quality tourism services, most of our members now
are Quality Tourism Services (QTS) Scheme accredited merchants.
(QTSA)1,3008,000
QTSA
Vision
To become the leading trade association in Hong Kong representing
total quality to all in order to promote a better image of Hong Kong.
Mission
The Quality Tourism Services Association is committed to looking
after the interests and improving the standards and prosperity of
Hong Kongs retail and tourism-related sectors by:
setting high ethical standards and enhancing customer
satisfaction through the establishment and maintenance of
an industry Codes of Practice and the promotion of service
excellence
raising service quality through training and seminars
representing the industry as a collective body to work with
the HKSAR Government, government agencies and the
private sector to create a more efficient and prosperous
business environment
enhancing the visibility of members through the Associations
network and via focused marketing and promotional support
Quality Tourism
Services Scheme
1999
41