Annual Report - Hongkong Land

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Corporate Information Directors Simon Keswick Chairman Ben Keswick Managing Director Y.K. Pang Chief Executive Charles Allen-Jones Mark Greenberg Jenkin Hui Adam Keswick Sir Henry Keswick Lord Leach of Fairford Dr Richard Lee Anthony Nightingale Lord Powell of Bayswater, KCMG Lord Sassoon, Kt James Watkins Percy Weatherall John R. Witt Michael Wei Kuo Wu Company Secretary and Registered Office John C. Lang Jardine House 33-35 Reid Street Hamilton Bermuda Hongkong Land Limited Directors Ben Keswick Chairman Y.K. Pang Chief Executive R.M.J. Chow R. Garman Mark Greenberg Adam Keswick D.P. Lamb N. Leung James Riley J.A. Robinson Giles White John R. Witt Chief Financial Officer R. Wong Corporate Secretary N.M. McNamara 2 Hongkong Land
Highlights • Good results in mixed markets • Positive reversions in Hong Kong • Higher contribution from residential operations • Final dividend up 10% at US¢11.00 Results 2012 2011 Change US$m US$m % Underlying profit attributable to shareholders* 777 703 11 Profit attributable to shareholders 1,439 5,306 (73 ) Shareholders’ funds 26,148 24,739 6 Net debt 3,273 2,359 39 US¢ US¢ % Underlying earnings per share* 33.14 30.29 9 Earnings per share 61.36 228.48 (73 ) Dividends per share 17.00 16.00 6 US$ US$ % Net asset value per share 11.11 10.58 5 * The Group uses ‘underlying profit attributable to shareholders’ in its internal financial reporting to distinguish between ongoing business performance and non-trading items, as more fully described in Note 1 to the financial statements. Management considers this to be a key measure which provides additional information to enhance understanding of the Group’s underlying business performance. Annual Report 2012 3
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Page 11 and 12: Other Commercial Property Investmen
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Page 19 and 20: Gross Assets The Group’s gross as
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Page 23 and 24: Consolidated Statement of Comprehen
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Page 27 and 28: Notes to the Financial Statements 1
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19 Bank Balances 2012 2011 US$m US$
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21 Borrowings continued The borrowi
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23 Dividends 2012 2011 US$m US$m Fi
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28 Related Party Transactions conti
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30 Principal Subsidiaries, Associat
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Independent Auditors’ Report To t
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Responsibility Statement The Direct
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Directors’ Appointment, Retiremen
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Directors’ Share Interests The Di
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Shareholder Information Financial C
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Report of the Valuers To Hongkong L
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Residential Development Property fo
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Annual Report - Hongkong Land

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