Annual Report 2011 - Hysan Development Company Limited

Contents
THE ESSENTIAL READ AND WHY
18
2011 financial and
non-financial performance
20
A year in review and 2012 outlook
24
2011 market conditions and
how Hysan responded
30
Results highlights including
key performance indicators
32
Review of our core leasing segments
37
Report on financial position and
management
40
Prudent treasury policy
45
Risk control and management
48
Our people, our assets
56
Governance structure and
the Board’s work in 2011
1
Overview
16 Who We Are
16 Mission
16 Responsible Business
as the Guiding Principle
17 Our Values
18 2011 Performance at a Glance
20 Chairman’s Statement
2
Strategy in Action
24 Our Marketplace and Our Response
28 The Hysan Community –
Our Investment Property Portfolio
30 Management’s Discussion and Analysis
30 Review of Results
32 Review of Operations
37 Financial Review
40 Treasury Policy
45 Internal Controls and Risk Management
48 Human Resources
3
Corporate Governance
52 Board of Directors and
Senior Management
56 Corporate Governance Report
73 Directors’ Report
81 Directors’ Remuneration
and Interests Report
89 Audit Committee Report
4
Financial Statements
and Valuation
92 Directors’ Responsibility
for the Financial Statements
93 Independent Auditor’s Report
94 Financial Statements
170 Five-Year Financial Summary
172 Report of the Valuer
173 Schedule of Principal Properties
175 Shareholding Analysis
176 Shareholder Information
Photos on front and back covers:
Hysan Place, Hysan’s next milestone