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Five-Year Financial Summary |
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2009
HK$
million
|
2008
HK$
million
|
2007
HK$
million
|
2006
HK$
million
|
2005
HK$
million |
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|
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RESULTS |
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Turnover |
1,680 |
1,638 |
1,368 |
1,268 |
1,250 |
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Property expenses |
(235) |
(217) |
(208) |
(240) |
(237) |
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Gross profit |
1,445 |
1,421 |
1,160 |
1,028 |
1,013 |
| |
Investment income |
38 |
63 |
98 |
147 |
38 |
| |
Other gains and losses |
(3) |
146 |
302 |
201 |
(25) |
| |
Administrative expenses |
(133) |
(134) |
(106) |
(111) |
(103) |
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Finance costs |
(131) |
(155) |
(175) |
(163) |
(214) |
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Change in fair value of investment properties |
1,249 |
(212) |
3,131 |
2,576 |
4,226 |
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Share of results of associates |
768 |
590 |
452 |
120 |
241 |
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Profit before taxation |
3,233 |
1,719 |
4,862 |
3,798 |
5,176 |
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Taxation |
(396) |
(1) |
(745) |
(558) |
(856) |
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Profit for the year |
2,837 |
1,718 |
4,117 |
3,240 |
4,320 |
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Minority interests |
(121) |
(124) |
(168) |
(141) |
(199) |
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Profit attributable to owners of the Company |
2,716 |
1,594 |
3,949 |
3,099 |
4,121 |
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Underlying profit for the year |
1,113 |
1,201 |
1,158 |
1,012 |
1,005 |
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Recurring underlying profit for the year |
1,110 |
1,066 |
950 |
755 |
641 |
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Dividends |
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Dividends paid |
709 |
644 |
549 |
474 |
420 |
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Dividends proposed |
567 |
562 |
498 |
422 |
369 |
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Dividends per share (HK cents) |
68.00 |
68.00 |
60.00 |
50.00 |
45.00 |
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Earnings per share (HK$), based on: |
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Profit for the year |
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- basic |
2.60 |
1.53 |
3.75 |
2.94 |
3.92 |
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- diluted |
2.60 |
1.53 |
3.75 |
2.94 |
3.92 |
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Underlying profit for the year -
basic |
1.06 |
1.16 |
1.10 |
0.96 |
0.96 |
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Recurring underlying profit for
the year - basic |
1.06 |
1.03 |
0.90 |
0.72 |
0.61 |
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PERFORMANCE INDICATORS |
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Net debt to equity |
5.1% |
5.9% |
6.8% |
7.9% |
10.7% |
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Net interest coverage (times) |
11.7x |
10.2x |
7.8x |
6.9x |
4.6x |
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Net assets value per share (HK$) |
32.05 |
30.23 |
30.51 |
26.37 |
23.42 |
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Adjusted net assets value per share (HK$) |
35.27 |
33.29 |
33.81 |
29.12 |
25.76 |
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Net debt per share (HK$) |
1.82 |
1.96 |
2.29 |
2.31 |
2.75 |
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Year end share price (HK$) |
22.05 |
12.52 |
22.25 |
20.35 |
19.20 |
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|
2009
HK$
million
|
2008
HK$
million
|
2007
HK$
million
|
2006
HK$
million
|
2005
HK$
million |
| |
|
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|
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ASSETS AND LIABILITIES |
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Investment properties |
37,363 |
35,850 |
35,711 |
32,473 |
29,815 |
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Interests in associates |
2,886 |
2,340 |
1,601 |
1,272 |
1,147 |
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Available-for-sale investments |
1,002 |
1,022 |
2,479 |
1,745 |
1,256 |
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Time deposits, cash and bank balances |
1,984 |
1,015 |
484 |
385 |
1,402 |
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Other assets |
613 |
1,309 |
615 |
378 |
371 |
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Total assets |
43,848 |
41,536 |
40,890 |
36,253 |
33,991 |
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Borrowings |
(3,891) |
(3,751) |
(2,861) |
(2,821) |
(4,301) |
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Taxation |
(3,926) |
(3,999) |
(4,180) |
(3,574) |
(3,077) |
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Other liabilities |
(1,077) |
(1,076) |
(1,001) |
(950) |
(960) |
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Total liabilities |
(8,894) |
(8,826) |
(8,042) |
(7,345) |
(8,338) |
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Net assets |
34,954 |
32,710 |
32,848 |
28,908 |
25,653 |
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Minority interests |
(1,286) |
(1,241) |
(1,196) |
(1,080) |
(986) |
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Shareholders' funds |
33,668 |
31,469 |
31,652 |
27,828 |
24,667 |
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Adjusted shareholders' funds |
37,057 |
34,660 |
35,072 |
30,729 |
27,134 |
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