You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Highlights of 2012 Final Results<br />
Note<br />
For the year ended 31 December<br />
2012<br />
2011<br />
HK$ million HK$ million<br />
Change<br />
Property sales<br />
– Revenue 1 8,942 9,479 -6%<br />
– Profit contribution 1 2,291 2,079 +10%<br />
Property leasing<br />
– Gross rental income 2 6,628 5,805 +14%<br />
– Net rental income 2 4,898 4,169 +17%<br />
Profit attributable to shareholders<br />
– Underlying profit 3 7,098 5,560 +28%<br />
– Reported profit 20,208 17,184 +18%<br />
Earnings per share<br />
– Based on underlying profit 3 2.97 2.41 +23%<br />
– Based on reported profit 8.47 7.44 +14%<br />
Dividends per share 1.06 1.00 +6%<br />
Allotment of bonus shares<br />
HK$<br />
HK$<br />
1 share for every<br />
Nil<br />
10 shares held<br />
At 31 December 2012 At 31 December 2011<br />
HK$<br />
HK$<br />
Not<br />
applicable<br />
Change<br />
Net asset value per share 84.97 78.23 +9%<br />
Net debt to shareholders’ equity 17.2% 19.9% -2.7 percentage<br />
points<br />
At 31 December 2012 At 31 December 2011<br />
Million square feet Million square feet<br />
<strong>Hong</strong> <strong>Kong</strong><br />
Land bank (attributable floor area)<br />
– Properties held for/under development 10.4 10.2<br />
– Stock of unsold properties 0.4 0.7<br />
– Completed investment properties (including<br />
hotel properties) 4 10.1 10.2<br />
20.9 21.1<br />
New Territories land (total land area) 42.8 41.9<br />
Mainland China<br />
Land bank (attributable floor area)<br />
– Properties held for/under development 140.3 151.2<br />
– Stock of unsold properties 1.2 1.0<br />
– Completed investment properties 4 6.4 5.9<br />
147.9 158.1<br />
Note 1: Representing the Group’s attributable share of property sales revenue and their profit contribution (before taxation) in <strong>Hong</strong> <strong>Kong</strong> and mainland China by<br />
subsidiaries, associates and jointly controlled entities (“JCEs”).<br />
Note 2: Representing the Group’s attributable share of gross rental income and net rental income (before taxation) from investment properties in <strong>Hong</strong> <strong>Kong</strong> and mainland<br />
China held by subsidiaries, associates and JCEs.<br />
Note 3: Excluding the fair value change (net of deferred tax) of the investment properties held by subsidiaries, associates and JCEs.<br />
Note 4: The Group held additional rentable car parking spaces with a total area of approximately 2.7 million square feet (2011: approximately 2.8 million square feet) in<br />
<strong>Hong</strong> <strong>Kong</strong>, and approximately 0.7 million square feet (2011: approximately 0.6 million square feet) in mainland China.<br />
Henderson Land Development Company Limited<br />
Annual Report 2012 7
Change language