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中期報告 - 恒基兆業地產集團

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Stock Code 12<br />

<br />

INTERIM REPORT2010


76<br />

77<br />

78<br />

88<br />

91<br />

91<br />

93<br />

94<br />

95<br />

97<br />

98<br />

99<br />

101<br />

102<br />

103<br />

127<br />

136<br />

138<br />

148<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

75


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

1 1,176 2,031 -42%<br />

2 (394) 551 -172%<br />

3 1,620 1,479 +10%<br />

<br />

4 1,319 2,106 -37%<br />

7,658 4,370 +75%<br />

<br />

<br />

<br />

4 0.61 0.98 -38%<br />

3.56 2.04 +75%<br />

0.30 0.30 –<br />

<br />

<br />

<br />

<br />

<br />

<br />

5 64.64 62.01 +4%<br />

6 68.94 66.08 +4%<br />

23.0% 19.2% +3.8 <br />

<br />

<br />

<br />

<br />

<br />

7 10.3 9.4<br />

8 10.4 10.4<br />

20.7 19.8<br />

40.1 32.8<br />

<br />

<br />

148.4 146.2<br />

5.6 5.2<br />

154.0 151.4<br />

76<br />

<br />

1 <br />

<br />

<br />

2 <br />

<br />

<br />

3 <br />

4 <br />

5 <br />

6 <br />

<br />

4.304.07<br />

<br />

7 <br />

<br />

8


2010<br />

<br />

<br />

<br />

<br />

37%<br />

0.61 0.98<br />

<br />

<br />

75%<br />

<br />

<br />

3.56 2.04<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

iii<br />

<br />

171712-1716<br />

<br />

77


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

5% 5% <br />

<br />

<br />

78


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

840<br />

<br />

<br />

<br />

<br />

(%) <br />

1. 283,200 226,561 100.00 29 93,342<br />

28 <br />

2. 228,154 182,545 100.00 46 137,952<br />

1 <br />

3. 982,376 1,165,240 90.10 83 270,862<br />

23 <br />

4. 35,629 320,659 100.00 26 26,990<br />

500 <br />

5. 9,600 84,090 100.00 16 15,060<br />

33 <br />

6. 45,779 228,860 100.00 37 34,374<br />

8 <br />

7. 56,748 229,255 60.00 41 141,581<br />

39 <br />

8. 95,175 358,048 100.00 141 328,065<br />

18 <br />

79


2010<br />

<br />

<br />

<br />

<br />

(%) <br />

9. 78,781 78,781 100.00 27 51,414<br />

<br />

23<br />

10. 982,376 1,165,240 90.10 142 622,697<br />

<br />

23 <br />

588 1,722,337<br />

1,577,243<br />

982,376 1,165,240 <br />

30<br />

17<br />

<br />

<br />

(%) <br />

1. 76 42,884 34,308 100.00 16 34,308<br />

2. 43,492 32,619 44.42 4 32,619<br />

11,12,12A,12B<br />

3. 3,644 32,795 100.00 62 27,311<br />

600 <br />

4. 210-216 11,545 115,458 100.00 177 115,458<br />

<br />

<br />

259 209,696<br />

191,566<br />

<br />

847 1,932,033<br />

1,768,809<br />

80


2010<br />

<br />

<br />

<br />

<br />

<br />

8.6<br />

1.7<br />

9.4<br />

1.0<br />

20.7<br />

<br />

<br />

<br />

<br />

(I)<br />

<br />

<br />

<br />

81


2010<br />

<br />

1165369 <br />

<br />

79.03%<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

1. 1,670,000<br />

2. 116 5369 930,000<br />

2,600,000<br />

<br />

3. 895,000<br />

3,495,000<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

1. 3,000,000 6,000,000<br />

2. 2,700,000 6,000,000<br />

3. 2,000,000 1,500,000<br />

4. 400,000 1,500,000<br />

8,100,000 15,000,000<br />

82


2010<br />

<br />

(II)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

1. 450-456G 29,875 268,482<br />

2. 30-38 36 7,310 61,103<br />

3. 1-7A 7,423 61,280<br />

4. 62-76 7,953 65,852<br />

5. 57-69 23,031 207,279<br />

2-20 18A-30<br />

6. 11-33 19,600 166,600<br />

7. 186-188 8,234 70,242<br />

8. 45-49 5,880 52,919<br />

189-195 <br />

9. 162-168 11,700 105,300<br />

50-64 <br />

83


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

10. 184-198 8,458 71,367<br />

11. 75-81 3,582 32,238<br />

133,046 1,162,662<br />

<br />

1. 456-462A 12,300 98,400<br />

2. 565-577 7,350 58,800<br />

3. 1-19 8,625 77,626<br />

28,275 234,826<br />

161,321 1,397,488<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

88,695 703,035<br />

79,122 733,122<br />

66,082 528,161<br />

62,780 560,441<br />

51,001 459,010<br />

34,346 334,026<br />

31,647 205,311<br />

8,084 72,756<br />

421,757 3,595,862<br />

84


2010<br />

<br />

<br />

<br />

14-30 <br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(%) <br />

1. 19-21 14,298 214,470 50.00 107,235<br />

2. 45-47 9,067 93,733 19.095 17,898<br />

<br />

3. 66 6,750 60,605 100.00 60,605<br />

<br />

4. 25 13,467 24,241 100.00 24,241<br />

5. 29 23,653 11,826 100.00 11,826<br />

6. 8 21,528 258,336 100.00 258,336<br />

<br />

7. 24 11,590 173,842 100.00 173,842<br />

85


2010<br />

<br />

<br />

<br />

(%) <br />

8. 59-61 24,854 298,248 100.00 298,248<br />

88-92<br />

9. 14-30 37,566 224,828 100.00 224,828<br />

10. 878,962 4,394,808 18.4357 810,214<br />

1,041,735 5,754,937 1,987,273<br />

<br />

<br />

<br />

25%33% 42% <br />

98%<br />

<br />

7% <br />

8%<br />

<br />

<br />

<br />

<br />

60% <br />

80%83%<br />

66%<br />

81% 74%<br />

<br />

<br />

<br />

100%<br />

86


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

H1N1<br />

<br />

Caprice 2010<br />

<br />

<br />

<br />

<br />

Citistore<br />

16%<br />

56%<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

ISO9001 ISO10002 ISO14001 <br />

OHSAS18001Q<br />

<br />

87


2010<br />

<br />

357 2009<br />

<br />

1st 2009 2009<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

88


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

90.5%<br />

<br />

84%<br />

<br />

<br />

*<br />

<br />

<br />

1.9<br />

15.4<br />

17.3<br />

<br />

18.0<br />

14.8<br />

4.0<br />

6.6<br />

1.6<br />

2.4<br />

17.4<br />

17.0<br />

14.4<br />

19.9<br />

5.3<br />

9.7<br />

131.1<br />

148.4<br />

* <br />

89


2010<br />

<br />

<br />

<br />

<br />

<br />

124.9 84%<br />

9.7 7%<br />

9.4 6%<br />

4.4 3%<br />

148.4 100%<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

25% <br />

50%<br />

<br />

<br />

48%<br />

<br />

<br />

BEAM<br />

LEED<br />

<br />

<br />

95% <br />

<br />

<br />

95%<br />

96%<br />

18%<br />

90


2010<br />

<br />

<br />

BEAM LEED<br />

<br />

<br />

147<br />

688<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

105%(i)<br />

(ii)<br />

<br />

<br />

60% <br />

14%<br />

<br />

<br />

<br />

<br />

<br />

<br />

1.0%7.6%118,410<br />

1,712,454 13,731<br />

91


2010<br />

<br />

<br />

1083<br />

34%<br />

<br />

<br />

45.5%<br />

56.3%<br />

BBB<br />

<br />

<br />

<br />

<br />

11,211,014<br />

<br />

<br />

<br />

<br />

<br />

<br />

38<br />

<br />

<br />

<br />

<br />

92


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

99% <br />

15.8%<br />

<br />

HKCG (Finance) Limited<br />

<br />

3.90%5.00%<br />

<br />

<br />

<br />

60%<br />

<br />

<br />

93


2010<br />

<br />

<br />

95%<br />

66%<br />

<br />

<br />

<br />

52-56 204-214 <br />

<br />

<br />

<br />

18%20%<br />

<br />

<br />

<br />

24%<br />

85%<br />

<br />

<br />

The Mira Hong Kong (The Mira)<br />

36%The Mira<br />

<br />

<br />

<br />

<br />

<br />

<br />

94


2010<br />

<br />

<br />

The French Window Green Café<br />

<br />

<br />

20% <br />

40% 30%<br />

<br />

23.0%<br />

19.2%<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

11.1%<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

95


2010<br />

<br />

<br />

210-21676<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

96


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

2,178 3,314<br />

(1,536) (1,775)<br />

642 1,539<br />

99 112<br />

52 36<br />

(109) 55<br />

(381) (216)<br />

(618) (612)<br />

(315) 914<br />

(c) 7,126 2,456<br />

6,811 3,370<br />

(a) (457) (456)<br />

6,354 2,914<br />

1,392 1,365<br />

1,135 969<br />

8,881 5,248<br />

(1,544) (832)<br />

7,337 4,416<br />

<br />

7,658 4,370<br />

(321) 46<br />

7,337 4,416<br />

(a) 3.56 2.04<br />

(b) 0.61 0.98<br />

<br />

103 126<br />

97


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

7,337 4,416<br />

<br />

<br />

278 (3)<br />

(21) –<br />

<br />

(395) 321<br />

7 (71)<br />

<br />

(72) 224<br />

(14) 7<br />

<br />

– (39)<br />

– (19)<br />

(5) 26<br />

(222) 446<br />

7,115 4,862<br />

<br />

7,439 4,816<br />

(324) 46<br />

7,115 4,862<br />

103 126<br />

98


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

79,990 70,296<br />

491 508<br />

36,302 35,569<br />

17,206 16,711<br />

468 516<br />

1,786 1,919<br />

443 156<br />

136,686 125,675<br />

<br />

4,837 5,894<br />

56,024 41,541<br />

4,891 7,365<br />

58 46<br />

19,895 10,525<br />

85,705 65,371<br />

– 196<br />

85,705 65,567<br />

<br />

4,684 5,359<br />

7,331 4,858<br />

898 713<br />

12,913 10,930<br />

– 39<br />

12,913 10,969<br />

72,792 54,598<br />

209,478 180,273<br />

99


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

37,809 24,157<br />

6,981 6,994<br />

8,440 2,210<br />

992 557<br />

10,381 8,845<br />

64,603 42,763<br />

144,875 137,510<br />

<br />

4,330 4,294<br />

135,609 128,833<br />

139,939 133,127<br />

4,936 4,383<br />

144,875 137,510<br />

103 126<br />

100


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

4,294 29,782 72 20 2,833 8 (247) 45 83,418 120,225 2,921 123,146<br />

<br />

<br />

– – (58) – (19) 222 292 9 4,370 4,816 46 4,862<br />

(b) – – – – – – – – (644) (644) – (644)<br />

– – – – – – – – – – (98) (98)<br />

– – – – – – – – – – 6 6<br />

4,294 29,782 14 20 2,814 230 45 54 87,144 124,397 2,875 127,272<br />

4,294 29,782 14 20 2,859 642 186 51 95,279 133,127 4,383 137,510<br />

<br />

<br />

– – – – 321 (203) (337) – 7,658 7,439 (324) 7,115<br />

– – – – – – – 2 (2) – – –<br />

(b) 36 840 – – – – – – – 876 – 876<br />

(b) – – – – – – – – (1,503) (1,503) – (1,503)<br />

– – – – – – – – – – (39) (39)<br />

– – – – – – – – – – 962 962<br />

– – – – – – – – – – (46) (46)<br />

4,330 30,622 14 20 3,180 439 (151) 53 101,432 139,939 4,936 144,875<br />

103 126<br />

101


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(13,486) (423)<br />

870 1,221<br />

21,902 (3,265)<br />

9,286 (2,467)<br />

10,495 20,052<br />

52 (14)<br />

19,833 17,571<br />

103 126<br />

102


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

148 <br />

<br />

<br />

<br />

103


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(a) <br />

<br />

<br />

<br />

<br />

<br />

104


2010<br />

<br />

<br />

<br />

<br />

(b) <br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(c)<br />

<br />

<br />

<br />

<br />

<br />

<br />

(d) <br />

<br />

<br />

<br />

<br />

<br />

105


2010<br />

<br />

<br />

<br />

<br />

(e)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

107,000,000<br />

<br />

(f)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

976,000,000966,000,000<br />

<br />

<br />

<br />

<br />

106


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(i) 2,688 1,558<br />

(ii) (2,670) (445)<br />

18 1,113<br />

1,494 1,382<br />

10 231<br />

148 143<br />

92 67<br />

148 128<br />

268 250<br />

2,178 3,314<br />

<br />

(i)<br />

(ii)<br />

42,000,000 96,000,000<br />

<br />

<br />

5% 5%<br />

1,516,000,0001,129,000,000<br />

776,000,000 734,000,000<br />

87,000,000<br />

358,000,000<br />

87,000,000<br />

107


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

108


2010<br />

<br />

<br />

<br />

<br />

(a)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

18 1,494 10 148 92 148 268 – 2,178<br />

– 94 211 – – – 15 (320) –<br />

18 1,588 221 148 92 148 283 (320) 2,178<br />

(1,118) 908 (14) 128 19 25 106 54<br />

41<br />

(1) – – – – – – (1)<br />

<br />

(409)<br />

(315)<br />

<br />

7,126<br />

(457)<br />

6,354<br />

<br />

(i) 1,392<br />

<br />

(ii) 1,135<br />

8,881<br />

(1,544)<br />

7,337<br />

109


2010<br />

<br />

<br />

<br />

<br />

(a)<br />

<br />

<br />

<br />

<br />

<br />

<br />

1,113 1,382 231 143 67 128 250 – 3,314<br />

– 113 947 – – – 26 (1,086) –<br />

1,113 1,495 1,178 143 67 128 276 (1,086) 3,314<br />

189 836 3 109 (4) 16 79 1,228<br />

79<br />

(14) – – – – – – (14)<br />

<br />

(379)<br />

914<br />

<br />

2,456<br />

(456)<br />

2,914<br />

<br />

(i) 1,365<br />

<br />

(ii) 969<br />

5,248<br />

(832)<br />

4,416<br />

110


2010<br />

<br />

<br />

<br />

<br />

(a) <br />

<br />

(i)<br />

196,000,000<br />

595,000,000 254,000,000 245,000,000<br />

78,000,000 159,000,000<br />

337,000,000 183,000,000<br />

167,000,000 34,000,000<br />

(ii)<br />

69,000,000<br />

367,000,000 587,000,000 528,000,000<br />

42,000,000 165,000,000<br />

998,000,000 746,000,000<br />

608,000,000 416,000,000<br />

(b)<br />

<br />

(i) ;(ii)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

1,630 2,913 109,996 105,954<br />

548 401 23,993 17,130<br />

2,178 3,314 133,989 123,084<br />

111


2010<br />

<br />

<br />

<br />

<br />

(c)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

– – 88 (9)<br />

9 7 – (2)<br />

6 1 – –<br />

21 24 – –<br />

28 31 – –<br />

2 2 – –<br />

22 34 (2) (3)<br />

88 99 86 (14)<br />

<br />

<br />

<br />

<br />

<br />

<br />

41 79<br />

15 7<br />

43 26<br />

<br />

99 112<br />

4 51<br />

23 (8)<br />

12 (7)<br />

13 –<br />

52 36<br />

112


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

47 48<br />

(c) (86) 14<br />

(1) (14)<br />

(36) (1)<br />

(33) 8<br />

(109) 55<br />

<br />

<br />

47,000,000<br />

60,000,000<br />

48,000,000<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(a)<br />

<br />

363 377<br />

76 66<br />

152 89<br />

72 32<br />

663 564<br />

* (206) (108)<br />

457 456<br />

* 2.23%5.64%2.05%6.44%<br />

113


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(b)<br />

<br />

681 681<br />

28 28<br />

709 709<br />

(c)<br />

<br />

74 77<br />

(7) (1)<br />

67 76<br />

21 23<br />

<br />

1,826 751<br />

128 120<br />

(16) (15)<br />

<br />

9,000,000 33,000,000<br />

<br />

114


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

178 172<br />

54 88<br />

3 13<br />

<br />

235 273<br />

1,309 559<br />

1,544 832<br />

16.5%16.5%<br />

<br />

30%60%<br />

<br />

<br />

<br />

115


2010<br />

<br />

<br />

<br />

<br />

(a)<br />

7,658,000,000 4,370,000,000<br />

2,150,000,000 2,147,000,000 :<br />

<br />

<br />

<br />

<br />

<br />

2,147 2,147<br />

3 –<br />

2,150 2,147<br />

<br />

<br />

<br />

(b)<br />

<br />

<br />

<br />

<br />

<br />

<br />

7,658 4,370<br />

(7,126) (2,456)<br />

1,506 632<br />

<br />

(167) (34)<br />

(608) (416)<br />

56 10<br />

1,319 2,106<br />

116


2010<br />

<br />

<br />

<br />

<br />

(a)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

3 3 650 644<br />

<br />

(b)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

7 3 1,503 644<br />

<br />

(a)<br />

<br />

<br />

976,000,000<br />

966,000,000 (f) <br />

(b)<br />

(c)<br />

<br />

2,238,000,000<br />

<br />

<br />

<br />

<br />

<br />

<br />

117


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

468 805 331 568<br />

– 191 185 1<br />

468 996 516 569<br />

<br />

– 4 – 12<br />

468 992 516 557<br />

468 996 516 569<br />

<br />

– 825,000,000<br />

50,000,000 825,000,000 50,000,000<br />

199,000,000199,000,000 <br />

<br />

– 6,500,000,000<br />

5,500,000,000 <br />

<br />

<br />

118


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

1,008 1,027<br />

718 826<br />

60 66<br />

1,786 1,919<br />

45,000,000<br />

33,000,000 <br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

2,192 4,709<br />

2,464 2,389<br />

14 10<br />

209 250<br />

12 7<br />

4,891 7,365<br />

119


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

2,139 4,572<br />

66 78<br />

23 42<br />

458 601<br />

2,686 5,293<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

120


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

13,810 5,058<br />

6,085 5,467<br />

19,895 10,525<br />

– 6<br />

(62) (36)<br />

19,833 10,495<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

3,682 4,395<br />

772 730<br />

60 50<br />

54 46<br />

112 126<br />

4 12<br />

4,684 5,359<br />

121


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

463 816<br />

366 446<br />

240 287<br />

1,414 1,417<br />

2,483 2,966<br />

<br />

18,931,000,000<br />

2,921,000,000 0.30%5.35%<br />

<br />

22,000,000<br />

<br />

<br />

<br />

122,000,000<br />

139,000,000 70% <br />

<br />

47,000,000 <br />

177,000,000<br />

22,000,000<br />

122


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

2<br />

<br />

2,600 5,200<br />

2,400 4,800<br />

5,000 10,000<br />

<br />

2,147 4,294<br />

18 36<br />

2,165 4,330<br />

(a)<br />

(b)<br />

(c)<br />

<br />

<br />

2,400,000,000 5,200,000,000 10,000,000,000<br />

<br />

<br />

47.1118,610,071<br />

36,000,000 840,000,000 18,610,071<br />

<br />

<br />

<br />

<br />

429,348,478<br />

<br />

58.00<br />

<br />

57<br />

429,348,421 <br />

123


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

6,967 12,345<br />

22,846 21,456<br />

29,813 33,801<br />

<br />

(a)<br />

<br />

<br />

<br />

<br />

12,000,000 12,000,000<br />

(b)<br />

<br />

23,000,000 78,000,000<br />

124


2010<br />

<br />

<br />

<br />

<br />

(a)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(i) 10 –<br />

(iii) – 6<br />

(b)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(i) 3 –<br />

(ii) 6 230<br />

(iii) 9 9<br />

(iii) 2 7<br />

(iii) – 1<br />

(iii) 4 14<br />

(iii) 31 33<br />

<br />

(i)<br />

(ii)<br />

(iii)<br />

<br />

<br />

<br />

125


2010<br />

<br />

<br />

<br />

(c)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

4 1<br />

17 6<br />

29 22<br />

2 1<br />

6 3<br />

<br />

23,000,00018,000,000<br />

(d)<br />

<br />

<br />

<br />

<br />

80,000,000<br />

80,000,000 <br />

<br />

(a)<br />

126


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

18 1,113 (1,118) 189<br />

1,494 1,382 908 836<br />

10 231 (14) 3<br />

148 143 128 109<br />

92 67 19 (4)<br />

148 128 25 16<br />

268 250 106 79<br />

2,178 3,314 54 1,228<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

7,658 4,370<br />

<br />

<br />

1,319 2,106<br />

1,136,000,00034% 2,178,000,000<br />

3,314,000,000 2,670,000,000<br />

<br />

127


2010<br />

<br />

<br />

7,658,000,0004,370,000,000<br />

3,288,000,000 75%<br />

<br />

4,075,000,000<br />

776,000,000<br />

<br />

(<br />

1,319,000,000 2,106,000,000<br />

787,000,000 37%<br />

776,000,000<br />

<br />

0.61 0.98<br />

<br />

<br />

<br />

• A<br />

2,688,000,000<br />

1,558,000,000<br />

<br />

5%<br />

5% 1,516,000,000<br />

2,670,000,0001,154,000,000<br />

776,000,000<br />

734,000,000<br />

128


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

2,688 1,558<br />

<br />

2,670 445<br />

18 1,113<br />

<br />

<br />

<br />

<br />

<br />

398 276<br />

<br />

1,516 87<br />

(1,118) 189<br />

18,000,000<br />

1,113,000,000 1,095,000,000 98%<br />

<br />

1,118,000,000189,000,000<br />

1,307,000,000 692%<br />

<br />

981,000,000557,000,000<br />

1,118,000,000189,000,000<br />

87,000,000171,000,00050,000,000<br />

197,000,000 (i)<br />

50% <br />

<br />

(ii)<br />

50%<br />

129


2010<br />

<br />

<br />

1,494,000,000 1,382,000,000<br />

112,000,0008%<br />

98%<br />

97%<br />

83%<br />

908,000,000 836,000,000 <br />

72,000,000 9%<br />

<br />

2,335,000,000 2,155,000,000<br />

180,000,000 8%<br />

<br />

1,620,000,000<br />

1,479,000,000141,000,00010%<br />

908,000,000 836,000,000 219,000,000<br />

209,000,000 493,000,000 434,000,000<br />

<br />

<br />

<br />

<br />

<br />

96% 10,000,000 231,000,000<br />

14,000,0003,000,000(i)<br />

<br />

5,000,000 1,000,000 (ii) <br />

8,000,000 5,000,000<br />

<br />

<br />

148,000,000<br />

143,000,0005,000,0004%<br />

<br />

19,000,000 17% 128,000,000 109,000,000<br />

130


2010<br />

<br />

<br />

92,000,000 67,000,000<br />

25,000,000 37%<br />

19,000,000 4,000,000<br />

H1N1<br />

<br />

<br />

<br />

<br />

148,000,000 128,000,000 <br />

20,000,00016%<br />

<br />

25,000,000 16,000,000<br />

9,000,000 56%<br />

<br />

<br />

268,000,000 250,000,000 <br />

18,000,000 7%<br />

106,000,000 79,000,000<br />

27,000,00034%(i)<br />

11,000,000 (ii)<br />

13,000,000<br />

<br />

1,392,000,000<br />

1,365,000,00027,000,0002%<br />

167,000,000 <br />

34,000,000<br />

1,225,000,0001,331,000,000<br />

106,000,000 8%<br />

131


2010<br />

<br />

<br />

1,340,000,0001,319,000,000<br />

21,000,000 2%<br />

141,000,000 <br />

20,000,000<br />

1,199,000,0001,299,000,000 100,000,000<br />

8%(i)23,000,000<br />

58,000,000<br />

36,000,000<br />

16,000,000<br />

87,000,000 ;(ii)<br />

87,000,000<br />

15,000,000 61,000,000<br />

8,000,000 (iii) 89,000,000<br />

43,000,000<br />

67,000,000<br />

24,000,000<br />

<br />

1,135,000,000<br />

969,000,000166,000,00017%<br />

608,000,000<br />

416,000,000 <br />

527,000,000 553,000,000 <br />

26,000,0005%118,000,000<br />

(i)<br />

64,000,000(ii)<br />

20,000,000 (iii)<br />

15,000,000<br />

132


2010<br />

<br />

<br />

457,000,000<br />

456,000,000<br />

663,000,000 564,000,000<br />

2.69% 2.60%<br />

<br />

<br />

7,126,000,000 2,456,000,000<br />

<br />

<br />

52,121,000,000<br />

36,031,000,000<br />

22,000,000 <br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

7,331 4,869<br />

23,053 5,646<br />

14,076 19,502<br />

7,661 6,014<br />

52,121 36,031<br />

(19,895) (10,531)<br />

32,226 25,500<br />

139,939 133,127<br />

(%) 23.0% 19.2%<br />

<br />

19.2% 23.0%<br />

<br />

133


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

1,775 3,046<br />

591 532<br />

3 6<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

1,023,520,408<br />

50,000,000 1,023,520,408 50,000,000<br />

<br />

6,500,0000,000<br />

5,500,000,000<br />

<br />

134


2010<br />

<br />

(i)<br />

<br />

(ii)<br />

6,500,000,000<br />

<br />

6,500,000,000<br />

<br />

<br />

600,000,000<br />

<br />

<br />

<br />

<br />

70%<br />

<br />

18,000,000<br />

<br />

<br />

<br />

<br />

<br />

22,000,000<br />

<br />

29,813,000,000<br />

33,801,000,000<br />

<br />

35,000,00090,000,000<br />

<br />

7,700 7,700<br />

<br />

<br />

709,000,000 709,000,000 <br />

135


2010<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

-<br />

148<br />

<br />

47.11 18,610,071<br />

58 57<br />

<br />

<br />

<br />

<br />

<br />

A.2.1<br />

14<br />

<br />

<br />

<br />

<br />

<br />

<br />

136


2010<br />

<br />

<br />

13.51B(1)<br />

(i)<br />

(ii)<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

3,930 3,816 28,800<br />

3,593 3,046 26,252<br />

6,671 6,573 1,620<br />

6,141 5,284 2,140<br />

3,906 3,717 5,220<br />

2,767 2,309 6,144<br />

1,978 1,922 4,672<br />

1,914 1,857 1,396<br />

1,412 1,352 1,330<br />

1,495 1,450 614<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

(1)<br />

(2) (3) <br />

<br />

137


2010<br />

<br />

<br />

<br />

352<br />

<br />

XV<br />

<br />

<br />

<br />

1 7,377,015 1,176,113,967 1,183,490,982 54.66<br />

<br />

1 1,176,113,967 1,176,113,967 54.32<br />

1 1,176,113,967 1,176,113,967 54.32<br />

1 1,176,113,967 1,176,113,967 54.32<br />

2 113,048 113,048 0.01<br />

3 30,445 30,445 0.00<br />

4 252,263 19,800 272,063 0.01<br />

5 1,000,000 1,000,000 0.05<br />

6 2,000 2,000 0.00<br />

7 34,779,936 2,076,089,007 2,110,868,943 69.27<br />

<br />

7 2,076,089,007 2,076,089,007 68.13<br />

7 2,076,089,007 2,076,089,007 68.13<br />

7 2,076,089,007 2,076,089,007 68.13<br />

8 6,666 6,666 0.00<br />

9 1,001,739 1,001,739 0.03<br />

138


2010<br />

<br />

<br />

<br />

<br />

10 4,294,037 2,976,388,182 2,980,682,219 41.50<br />

<br />

10 2,976,388,182 2,976,388,182 41.44<br />

10 2,976,388,182 2,976,388,182 41.44<br />

10 2,976,388,182 2,976,388,182 41.44<br />

11 66,550 66,550 0.00<br />

12 7,799,220 111,732,090 119,531,310 33.55<br />

<br />

12 111,732,090 111,732,090 31.36<br />

12 111,732,090 111,732,090 31.36<br />

12 111,732,090 111,732,090 31.36<br />

13 150,000 150,000 0.04<br />

14 465,100 465,100 0.13<br />

15 2,250 2,250 0.00<br />

16 255,188,250 255,188,250 44.21<br />

<br />

16 255,188,250 255,188,250 44.21<br />

16 255,188,250 255,188,250 44.21<br />

16 255,188,250 255,188,250 44.21<br />

17 2,705,000 2,455,000 5,160,000 0.89<br />

18 1,378,172,901 1,378,172,901 70.18<br />

<br />

18 1,378,172,901 1,378,172,901 70.18<br />

18 1,378,172,901 1,378,172,901 70.18<br />

18 1,378,172,901 1,378,172,901 70.18<br />

139


2010<br />

<br />

<br />

<br />

<br />

19 8,190 8,190 100.00<br />

A A <br />

20 3,510 3,510 100.00<br />

B B <br />

21 35,000,000 15,000,000 50,000,000 100.00<br />

<br />

<br />

19 8,190 8,190 100.00<br />

A A <br />

20 3,510 3,510 100.00<br />

B B <br />

21 15,000,000 15,000,000 30.00<br />

<br />

<br />

19 8,190 8,190 100.00<br />

A A <br />

20 3,510 3,510 100.00<br />

B B <br />

21 15,000,000 15,000,000 30.00<br />

<br />

<br />

19 8,190 8,190 100.00<br />

A A <br />

20 3,510 3,510 100.00<br />

B B <br />

21 15,000,000 15,000,000 30.00<br />

<br />

<br />

<br />

140


2010<br />

<br />

<br />

<br />

<br />

Best Homes 22 26,000 26,000 100.00<br />

Limited<br />

22 26,000 26,000 100.00<br />

22 26,000 26,000 100.00<br />

22 26,000 26,000 100.00<br />

23 5,000 5,000 4.49<br />

<br />

24 3,250 3,250 2.92<br />

25 5,000 5,000 10,000 100.00<br />

<br />

26 2,000 2,000 20.00<br />

<br />

Furnline 27 100 100 100.00<br />

Limited A A <br />

28 1 1 100.00<br />

B B <br />

27 100 100 100.00<br />

A A <br />

28 1 1 100.00<br />

B B <br />

27 100 100 100.00<br />

A A <br />

28 1 1 100.00<br />

B B <br />

27 100 100 100.00<br />

A A <br />

28 1 1 100.00<br />

B B <br />

141


2010<br />

<br />

<br />

<br />

<br />

29 50 50 5.00<br />

<br />

30 4,000 6,000 10,000 100.00<br />

<br />

31 100 100 100.00<br />

<br />

31 100 100 100.00<br />

31 100 100 100.00<br />

31 100 100 100.00<br />

Perfect Bright 32 100 100 100.00<br />

Properties Inc. A A <br />

33 1 1 100.00<br />

B B <br />

32 100 100 100.00<br />

A A <br />

33 1 1 100.00<br />

B B <br />

32 100 100 100.00<br />

A A <br />

33 1 1 100.00<br />

B B <br />

32 100 100 100.00<br />

A A <br />

33 1 1 100.00<br />

B B <br />

142


2010<br />

<br />

<br />

<br />

<br />

Pettystar 34 3,240 3,240 80.00<br />

Investment<br />

Limited 34 3,240 3,240 80.00<br />

34 3,240 3,240 80.00<br />

34 3,240 3,240 80.00<br />

39<br />

<br />

<br />

1 1,453,801 229,861,173 231,314,974 10.68<br />

<br />

1 229,861,173 229,861,173 10.62<br />

1 229,861,173 229,861,173 10.62<br />

1 229,861,173 229,861,173 10.62<br />

2 22,278 22,278 0.00<br />

3 6,000 6,000 0.00<br />

4 50,452 3,960 54,412 0.00<br />

5 200,000 200,000 0.01<br />

6 400 400 0.00<br />

143


2010<br />

<br />

<br />

<br />

HKCG (Finance) Limited 35 500,000 500,000<br />

2018 6.25%<br />

<br />

Henson Finance Limited 36 500,000 500,000<br />

2019 5.50%<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

336<br />

<br />

<br />

<br />

<br />

<br />

<br />

Rimmer (Cayman) Limited 1 1,405,975,140 64.93<br />

Riddick (Cayman) Limited 1 1,405,975,140 64.93<br />

Hopkins (Cayman) Limited 1 1,405,975,140 64.93<br />

1 1,404,315,564 64.85<br />

Yamina Investment Limited 1 694,546,466 32.08<br />

Believegood Limited 1 310,174,849 14.32<br />

South Base Limited 1 310,174,849 14.32<br />

<br />

Cameron Enterprise Inc. 1 176,263,869 8.14<br />

Third Avenue Management LLC 37 172,100,107 7.95<br />

Third Avenue Management LLC Third Avenue Value Fund 38 125,518,485 5.80<br />

144


2010<br />

<br />

<br />

1. 7,377,0151,453,8011,176,113,967229,861,173<br />

(i) 579,224,391114,148,760(ii) 8,080,4071,592,420<br />

(iii) 147,245,869 29,018,000 Cameron Enterprise Inc.260,726,989 49,447,860 South Base<br />

Limited Believegood Limited62,212,876 12,260,400 Jayasia Investments Limited Prosglass Investment<br />

Limited55,817,236 11,000,000 Mei Yu Ltd. Fancy Eye Limited55,817,236 11,000,000<br />

World Crest Ltd. Spreadral LimitedCameron Enterprise Inc.South Base LimitedJayasia Investments LimitedMei Yu Ltd.<br />

World Crest Ltd.Yamina Investment Limited Yamina Investment Limited(iv) 5,602,600 1,120,520<br />

Superfun Enterprises Limited 39.88%<br />

64.85% (v) 1,386,363 273,213Hopkins (Cayman) LimitedHopkins<br />

Rimmer (Cayman) LimitedRimmerRiddick (Cayman)<br />

LimitedRiddick HopkinsRimmerRiddick<br />

<br />

<br />

<br />

2. <br />

3. <br />

4. 252,263 50,452 19,800 3,960<br />

50% <br />

5. <br />

6. <br />

7. 34,779,936 2,076,089,007(i) Kingslee S.A.<br />

Gainwise Investment Limited 802,854,200602,398,418<br />

363,328,900217,250,000 84,642,341 (ii) 5,615,148<br />

1<br />

<br />

<br />

8. <br />

9. <br />

10. 4,294,037 2,976,388,182(i) Timpani Investments Limited<br />

Medley Investment Limited 1,542,661,734 644,503,474Chelco Investment Limited Macrostar Investment Limited<br />

676,825,043Timpani Investments Limited Chelco Investment Limited Faxson Investment Limited Faxson<br />

Investment Limited(ii) 5,279,373 Yamina Investment Limited Boldwin Enterprises Limited<br />

(iii) 107,118,5581<br />

<br />

<br />

<br />

11. <br />

145


2010<br />

<br />

12. 7,799,220 111,732,090(i) Pataca Enterprises Limited Graf<br />

Investment LimitedMount Sherpa LimitedPaillard Investment Limited23,400,000 (ii) 41,532,090Max-mercan Investment Limited<br />

Wiselin Investment LimitedMax-mercan Investment LimitedCamay Investment Limited Camay<br />

Investment Limited 100% 1<br />

<br />

<br />

<br />

13. <br />

14. <br />

15. <br />

16. Aynbury Investments LimitedHiggins Holdings LimitedMultiglade Holdings LimitedThreadwell Limited<br />

100,612,75079,121,500 75,454,000 1<br />

<br />

<br />

<br />

17. 2,705,000 2,455,000 50%<br />

18. Hong Kong & China Gas (China) LimitedPlanwise Properties Limited Superfun Enterprises Limited<br />

1,335,202,901 485,000,00040,470,000 2,500,000<br />

10<br />

<br />

<br />

19. Hopkins<br />

20. Hopkins<br />

21. 35,000,000 15,000,000<br />

22. (i) 10,400(ii) 2,600 (iii) 13,000 Manifest Investments LimitedWealth Sand Limited<br />

Manifest Investments Limited 74.16% Firban Limited Wealth Sand Limited 70%Perfect Bright Properties Inc.Furnline Limited <br />

Firban Limited 50% Jetwin International LimitedPerfect Bright Properties Inc.Furnline Limited AA A<br />

Perfect Bright Properties Inc.Furnline LimitedFirban LimitedTriton (Cayman) Limited<br />

Jetwin International LimitedTriumph (Cayman) LimitedVictory (Cayman) Limited<br />

Triton (Cayman) LimitedTriumph (Cayman) LimitedVictory (Cayman) Limited<br />

<br />

<br />

<br />

23. Gilbert Investment Inc.<br />

24. 50%Fong Fun Investment Inc. Coningham Investment Inc. <br />

25. (i) 5,000 Applecross Limited (ii) 5,000<br />

Andcoe Limited <br />

146


2010<br />

<br />

26. <br />

27. Jetwin International Limited<br />

28. <br />

29. <br />

30. (i) 4,000 Applecross Limited (ii) 6,000 Andcoe Limited<br />

<br />

31. (i) 80(ii) 10(iii) Perfect Bright<br />

Properties Inc.Furnline Limited 5Jetwin International LimitedPerfect Bright Properties Inc.Furnline Limited AA<br />

A Perfect Bright Properties Inc.Furnline Limited<br />

32. Jetwin International Limited<br />

33. <br />

34. (i) 3,038 (ii) 202 Perfect Bright Properties Inc.Furnline Limited 50% Jetwin<br />

International LimitedPerfect Bright Properties Inc.Furnline LimitedAAAPerfect Bright Properties Inc.<br />

Furnline Limited<br />

35. HKCG (Finance) Limited<br />

36. Henson Finance Limited<br />

37. 143,783,860 28,316,247<br />

38. 104,598,738 20,919,747 Third Avenue Management LLC<br />

39. <br />

58<br />

147


2010<br />

<br />

<br />

<br />

<br />

<br />

97 126 <br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

10 <br />

8 <br />

<br />

148


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