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Five-Year Financial Summary |
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2010
HK$
million
|
As restated*
2009
HK$
million
|
As restated*
2008
HK$
million
|
As restated*
2007
HK$
million
|
As restated*
2006
HK$
million
|
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RESULTS |
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Turnover |
1,764 |
1,680 |
1,638 |
1,368 |
1,268 |
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Property expenses |
(250) |
(235) |
(217) |
(208) |
(240) |
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Gross profit |
1,514 |
1,445 |
1,421 |
1,160 |
1,028 |
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Investment income |
49 |
38 |
63 |
98 |
147 |
| |
Other gains and losses |
(42) |
(3) |
146 |
302 |
201 |
| |
Administrative expenses |
(140) |
(133) |
(134) |
(106) |
(111) |
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Finance costs |
(117) |
(131) |
(155) |
(175) |
(163) |
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Change in fair value of investment properties |
2,594 |
1,249 |
(212) |
3,131 |
2,576 |
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Share of results of associates |
394 |
768 |
590 |
452 |
120 |
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Profit before taxation |
4,252 |
3,233 |
1,719 |
4,862 |
3,798 |
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Taxation |
(201) |
(189) |
(237) |
(205) |
(110) |
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Profit for the year |
4,051 |
3,044 |
1,482 |
4,657 |
3,688 |
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Non-controlling interests |
(207) |
(130) |
(118) |
(190) |
(162) |
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Profit attributable to owners of the Company |
3,844 |
2,914 |
1,364 |
4,467 |
3,526 |
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Underlying profit for the year |
1,148 |
1,113 |
1,201 |
1,158 |
1,012 |
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Recurring underlying profit for the year |
1,148 |
1,110 |
1,066 |
950 |
755 |
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Dividends |
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Dividends paid |
714 |
709 |
644 |
549 |
474 |
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Dividends proposed |
632 |
567 |
562 |
498 |
422 |
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Dividends per share (HK cents) |
74.00 |
68.00 |
68.00 |
60.00 |
50.00 |
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Earnings per share (HK$), based on: |
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Profit for the year |
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- basic |
3.65 |
2.79 |
1.31 |
4.24 |
3.34 |
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- diluted |
3.65 |
2.79 |
1.31 |
4.24 |
3.34 |
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Underlying profit for the year -
basic |
1.09 |
1.06 |
1.16 |
1.10 |
0.96 |
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Recurring underlying profit for
the year - basic |
1.09 |
1.06 |
1.03 |
0.90 |
0.72 |
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PERFORMANCE INDICATORS |
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Net debt to equity |
6.4% |
5.1% |
5.9% |
6.8% |
7.9% |
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Net interest coverage (times) |
14.0x |
11.7x |
10.2x |
7.8x |
6.9x |
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Net assets value per share (HK$) |
38.61 |
35.42 |
33.44 |
33.94 |
29.25 |
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Net debt per share (HK$) |
2.46 |
1.82 |
1.96 |
2.29 |
2.31 |
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Year end share price (HK$) |
36.60 |
22.05 |
12.52 |
22.25 |
20.35 |
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|
2010
HK$
million
|
As restated*
2009
HK$
million
|
As restated*
2008
HK$
million
|
As restated*
2007
HK$
million
|
As restated*
2006
HK$
million |
| |
|
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|
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ASSETS AND LIABILITIES |
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Investment properties |
40,833 |
37,363 |
35,850 |
35,711 |
32,473 |
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Interests in associates |
3,153 |
2,886 |
2,340 |
1,601 |
1,272 |
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Available-for-sale investments |
1,152 |
1,002 |
1,022 |
2,479 |
1,745 |
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Time deposits and cash and bank balances |
1,993 |
1,984 |
1,015 |
484 |
385 |
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Other assets |
1,423 |
807 |
1,493 |
789 |
536 |
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Total assets |
48,554 |
44,042 |
41,720 |
41,064 |
36,411 |
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Borrowings |
(4,587) |
(3,891) |
(3,751) |
(2,861) |
(2,821) |
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Taxation |
(387) |
(342) |
(620) |
(565) |
(496) |
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Other liabilities |
(1,263) |
(1,077) |
(1,076) |
(1,001) |
(950) |
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Total liabilities |
(6,237) |
(5,310) |
(5,447) |
(4,427) |
(4,267) |
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Net assets |
42,317 |
38,732 |
36,273 |
36,637 |
32,144 |
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Non-controlling interests |
(1,640) |
(1,516) |
(1,462) |
(1,423) |
(1,285) |
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Shareholders' funds |
40,677 |
37,216 |
34,811 |
35,214 |
30,859 |
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