Ar 2008 C

cover & back_C.
ai 22/10/2008 17:48:03
CM
MY
CY
CMY

2
4
6
7
8
10
13
19
23
27
30
31
32
36
45
51
52
68
73
224
5.indb
23/10/2008
5:56:12
5.indb
23/10/2008
5:56:12
5.indb
23/10/2008
5:56:19
>
5.indb
23/10/2008
5:56:25
18
5.indb
23/10/2008
5:56:33
>
0017

CSL New World Mobility Group (23.6%)

0659
0917
()
0825
2008 10 14
6 >>>>
03 Corporate Structure 82525-03N.indd
23/10/2008
10:25:22
2008
>
2008
2007
29,360.8
23,284.5
8,880.3
5,424.1
14,174.3
6,670.0
9,674.4
4,312.9
2.59
1.17
0.18
0.15
0.25
0.25
0.43
0.40
2,827.0
2,300.5
165,628.2
144,099.1
26,929.7
24,077.9
28.4%
30.7%
7 >>>>
5.indb
23/10/2008
5:56:40
>
8 >>>>
5.indb
23/10/2008
5:56:40
2008

1978 11
30

1979 6,000 2007 240,000

19 49

30
30

2008 10 14
9 >>>>
5.indb
23/10/2008
5:56:47
>
10 >>>>
5.indb
10
23/10/2008
5:56:52
2008

2008 293.6 96.7 26% 124%
88.8
64%

2008 10 14
11 >>>>
5.indb
11
23/10/2008
5:56:59
5.indb
12
23/10/2008
5:57:05
>
5.indb
13
23/10/2008
5:57:13
>
2008 30
95%
2008 6 30
2,470 1,472
42-44

A 1,200
2008 7 40

210
460
2,250
423,888
1,231,282
2,938,063
4,593,233
14,856,500
13,455,000
3,394,000
2,508,000
2,260,000
2,260,000
1,905,000
1,668,000
120,000
120,000
22,535,500
20,011,000
780

14 >>>>
5.indb
14
23/10/2008
5:57:16
2008
2008 4
2008 12.11
327
12%
2008 10 1
2008
259

8,080

2008
110
2009 34
K11K11

K11 (Flagship Gallery)
(Skylight Piazza) Gourmet Tower
3,100

2008 6 30

2007 2008
2,800 1,400 11.6%
8.9% 2008

80% 13%

15 >>>>
07a 82525-03N BR_Property.indd
15
25/10/2008
11:54:25
19% 2008
33% 7,016
2008 6 30
389,814
2008
11
920,735 2007
44%
2008
2008
20.20 2007
70%

R, C
50,443
70%
6,822
70%
R, C, P
159,337
100%
2008 6 30 12
143,508
90%
1,045,269 2007
144,206
60%
25% 44,000
R, C
50,612
60%
2008 5
R, C
55,686
60%
R, C
80,685
45%
64,869
60%
D2
2008 6 30 12
R, P
81,402
50%
884,216
R, C
83,165
100%
35% 62
920,735
R:
C:
P:
H:
16 >>>>
5.indb
16
23/10/2008
5:57:32
2008

2008

124,534
2008
C, P
5,683
70%
4,024
70%
C, P
28,138
90%
41,206
92%
2,442
75%
7,303
60%
C, P
24,808
60%
10,930
63%
D2
124,534
17 >>>>
5.indb
17
23/10/2008
5:57:43
5.indb
18
23/10/2008
5:57:50
>
5.indb
19
23/10/2008
5:57:58
>
2008
38.18 90%

2008 3% 2007
2%
2007 6 10 2006 12
2x300 2008 6 8
2008
35%
7%

2007 8% 10%

2008 10

20 >>>>
5.indb
20
23/10/2008
5:58:01
2008
2008
2007 6%
745,000 4%
2008
1%
1,129,000
2008
1,991,000

21 >>>>
5.indb
21
23/10/2008
5:58:12
5.indb
22
23/10/2008
5:58:16
>
5.indb
23
23/10/2008
5:58:24
>
2008
2008
1,345
460
2008 6 30 283
10%
2009
19,400
505020081
83,400
2008
98%
24 >>>>
07c 82525-03N BR_Service.indd
24
23/10/2008
10:27:18
2008

2008 6 30
59.71
2008
2007
2008

2008
2008

Tricor 2007 2008
2007 8 2008 1
18% Tricor
2008
108,000

2008 150,000
2008

2010

25 >>>>
07c 82525-03N BR_Service.indd
25
25/10/2008
11:06:22
5.indb
26
23/10/2008
5:58:39
>
5.indb
27
23/10/2008
5:58:47
>
2008
4.77 2007 57%
2008 32
962,570
703,100
18

19
13
2008 5

2007 7 12
467,245,000
15,500
26
19,600
100% 72.3%
962,570
16
18% 2008 10 14
1,017,570
28 >>>>
5.indb
28
23/10/2008
5:58:51
185,690
214,650
11
265,530
267,600
84,100
32
1,017,570
2008
2008 10 14
29 >>>>
5.indb
29
23/10/2008
5:59:02
>

2007 8

2007
11

30 >>>>
5.indb
30
23/10/2008
5:59:07
2008
>
CSL New World Mobility Group
CSLNWM
2006 12
CSLNWM 23.6% 2008 6 30
2008 6 30 12 4.32
CSLNWM 4.7% 63.95
2008 6 30
20.25
(MVNO)

88.9%
2008 1
2008 7 1

31 >>>>
5.indb
31
23/10/2008
5:59:11
>
2007 11 1
2004 8 30 2007
10 31
14

3.13(7)
10
2008 6 30
3.13

A.5.4
5.7

14 6
4 4
68 72
32 >>>>
5.indb
32
23/10/2008
5:59:12
2008
2008 6 30
16
A.4.1
3.13
103(A)
1999
4
2005 9 22
2007 6
30 2007 12 31
2008
6 30
33 >>>>
5.indb
33
23/10/2008
5:59:13
>

2008 6 30
4/4
3/4
4/4
4/4
4/4
2/4
2/2
0/4
*
0/1
3/4
2/4
3/4
3/4
2/2
2/2
JP
2/4
1/2
1/2
4/4
1/1
1/1
4/4
2/2
2/2
JP
2007 11 1
2008 2 19
2007 11 1
2008 6 30
6 30
2008
2007
52.8
50.5
3.5
2.6
56.3
53.1
34 >>>>
5.indb
34
23/10/2008
5:59:14
2008
113

35 >>>>
5.indb
35
23/10/2008
5:59:15
>
57,000

New World Star Executive
Development Programme
2008 10 14
>>>>
>>
>>>>
36
6 >>>>
5.indb
36
23/10/2008
5:59:19
2008

25

2007

2007 12
24
200

2010
37 >>>>
5.indb
37
23/10/2008
5:59:21
>
5,000
38 >>>>
5.indb
38
23/10/2008
5:59:32
2008
5,000 300
1,500

8,000

2008
170
12

39 >>>>
11 Citizenship 82525-03N.indd
39
23/10/2008
10:29:47
>
2006 11
2008 7

2007 12
6.21
40 >>>>
40
23/10/2008
10:30:05
2008
2008 1
500 400
41 >>>>
5.indb
41
23/10/2008
5:59:59
>
2008 6 30 57,000

2008 8

(Richard Ivey School of Business)
New World Star Executive Development
Programme
15

42 >>>>
5.indb
42
23/10/2008
6:00:07
2008

2008
8

2008 4 Speaking with
Adrian

2008

43 >>>>
5.indb
43
23/10/2008
6:00:13
>
18 Astrid Awards
2008
2007
22 ARC
2007

21
Mercury Awards 2007

44 >>>>
44
23/10/2008
7:38:58
2008
>
9,674.4
124%
3,823.6 205%

8,880.3 64%
2008
2007
23,284.5 29,360.8
4,632.9
2,916.7
59%
26%
1,433.2
1,210.3
18%
327.4
299.5
9%
16,851.5
13,588.4
24%
2,236.0
1,704.1
31%
2,505.0
2,331.4
7%
962.1
890.0
8%
2008
2007
412.7
344.1
20%
29,360.8
23,284.5
26%
29,360.8
23,284.5
(20,844.8)
(17,364.6)
8,516.0
5,919.9
109.8
52.3
2008
2007
1,651.1
(441.4)
(358.9)
(1,968.4)
(1,898.0)
2,704.1
588.0
360%
(2,531.1)
(2,594.7)
2,137.5
1,475.7
45%
4,022.6
1,263.9
1,285.7
1,117.1
15%
9,882.2
4,035.6
1,498.8
1,166.3
29%
1,016.9
434.3
247.0
76%
(1,282.0)
(1,173.3)
9,617.1
3,680.1
3,594.8
1,664.1
962.4
1,325.8
14,174.3
6,670.0
(1,444.0)
12,730.3
5,767.5
9,674.4
4,312.9
3,055.9
1,454.6
2,174.7
817.8
618.1
674.9
-8%
18.3
420.1
-96%
183.5
(265.0)
8,880.3
5,424.1
64%
(902.5)
45 >>>>
5.indb
45
23/10/2008
6:00:26
>
2,704.1
2008 1,285.7
588.0 3.6 2008
15%
30
95%
2008 6 30
2,470 1,472
2008 884,216
35%
62 19%
33% 7,016
2008

2,137.5
29% 1,498.8
1,475.7 45%

2008
1,210.9 12%
2008
46 >>>>
12 MD&A 82525-03N.indd
46
25/10/2008
11:07:12
2008

76% 434.3

2008 4

31
2008
15,500
19,600
962,570
18%
18.3 420.1
96% 2007
CSL New World Mobility Group

618.1
8% 2008
80% 13%
183.5
265.0
30.9 253.0

47 >>>>
12 MD&A 82525-03N.indd
47
25/10/2008
11:07:13
>
85%
66%
38%
34%
72.3%
16
2,174.7 2007
1,651.1 32%
2006 12
2008 6 30 12 431.5
2007 7 12
2008 6 30
100%
2,025.1
48 >>>>
5.indb
48
23/10/2008
6:00:29
2008
2007 7 12

1,263.9
218% 4,022.6 2008
467,245,000 5.8 26
2008
2007
2008 6 30 26,971.3
2007 17,191.9
40,733.6
39,478.0
8,790.9
11,685.6
13,612.7
10,417.2
18,330.0
17,375.2
2008
2007
26,929.7
24,077.9
4,666.7
8,438.4
8,788.1
4,021.2

2008 6 30
13,803.9 26,929.7
2007 15,400.1 24,077.9
28.4% 2007
2.28%
(3,127.6)
(967.5)
16,602.5
12,585.8
49 >>>>
12 MD&A 82525-03N.indd
49
25/10/2008
11:07:56
>
2008 6 30
37,992.2
2,741.4 2008 6 30
2009 71.93
2008 6 30
138.039
7,193.0
5,508.7
35
17,644.1
7,646.4
37,992.2

79.7%
2008 6 30 94,806.1
2007 6 30 78,483.8
39(c) (e)
2008 6 30 40%
50 >>>>
5.indb
50
23/10/2008
6:00:31
>
18
30
(852) 2523 1056
(852) 2810 4673
JP

JP
UFJ
0017
0017HK
17HK

18
30
(852) 2131 6790
(852) 2810 4673
newworld@nwd.com.hk
28
26
www.nwd.com.hk
51 >>>>
13 Corporate Info 82525-03N.indd
51
25/10/2008
11:08:29
>
22
24
27
26
23
16
13
14 18 17
19
25
20
12
21
28
15
10
9
11
8
4
2
1
52 >>>>
5.indb
52
23/10/2008
6:00:32
2008
710
4244
912
96102
115
55
5 79 11
23 A
10 1519
11
12
13 120
515
14 121
2131 1
15 227 229
16 127
419 1
17 120
4043
18 121
2139 2
19 206
1 207
20 221
21 221
22 91 100
23 115
24 129
25 221
26 104 107 1
27 99 101 1
28 217219
222 1
53 >>>>
5.indb
53
23/10/2008
6:00:38
(%)
710
2,641
23,765
29.02%
4244
15,284
125,054
100.00%
912
12,840
115,447
70.00%
96102
6,818
57,121
33.19%
115
41,480
331,524
50.00%
55
36,003
88,011
30.00%
5 7 9 11
8,500
TBD
50.00%
89,330
1,104,649
78.75%
23 A
78,050
75,783
100.00%
10
1519
11
23,788
285,588
100.00%
339,412
TBD
15.00%
12
195,194
975,810
100.00%
13
120 515
138,780
485,736
100.00%
14
121 2131 1
250,688
250,956
100.00%
15
227 229
719,035
1,100,081
56.00%
16
127 419 1
228,993
195,561
100.00%
190,000
950,000
100.00%
80,000
80,000
100.00%
1,135,064
3,025,254
35.00%
17
120 4043
18
121 2139 2
19
206 1 207
20
221
510,000
960,149
TBD
21
221
150,000
30,000
100.00%
22
91 100
200,000
184,800
100.00%
23
115
120,000
69,300
100.00%
24
129
220,000
113,400
100.00%
25
221
138,000
111,300
83.42%
26
104 107 1
3,000,000
270,284
100.00%
27
99 101 1
3,540,000
702,028
TBD
28
217 219 222 1
640,000
129,167
100.00%
12,109,900
11,840,768

(1)
(2)

P= D= SF= F= S= LE= SP=
A&A=
(3)
TBD=
54 >>>>
14 Project Summary 82525-03N.indd
54
25/10/2008
11:09:04
1,650
1,831
264,552
(1)

2008
(2)
6,897
6,897
123,404
125,054
80,813
80,813
17,129
18,960
SF
165,762
165,762
26,403
26,403
SF
869,911
75,783
A&A
285,588
SP
386,531
218,828
75,783
285,588
9,289
12,056
37,674
327,052
966,521
975,810
485,736
485,736
250,956
250,956
SF/F
603,990
616,046
LE
195,561
195,561
950,000
950,000
LE
80,000
80,000
LE
1,021,165
1,058,839
TBD
TBD
LE
30,000
30,000
184,800
184,800
69,300
69,300
113,400
113,400
92,846
92,846
270,284
270,284
TBD
TBD
129,167
129,167
SP
6,326,448
504,416
7,157,916
55 >>>>
55
25/10/2008
11:09:05
>
15
14
13
27
12
16
10
3
1
56 >>>>
5.indb
11
56
6
7
23/10/2008
6:00:44
2008
10
11
12
13
14
15
16
57 >>>>
5.indb
57
23/10/2008
6:00:49
(%)
110,040
100.0
110,040
640,135
100.0
640,135
214,336
45.0
96,451
87,999
100.0
87,999
524,928
100.0
524,928
544,518
100.0
544,518
53,691
40.0
21,476
24,682
100.0
24,682
116,954
100.0
116,954
40,813
99.0
40,405
(1)
(1)
10
2,197,307
100.0
2,197,307
11
141,439
100.0
141,439
12
335,960
100.0
335,960
6,150,873
29.9
1,839,111
(1)
13
14
242,685
100.0
242,685
15
466,400
(1)
50.0
233,200
16
125,730
13.5(1)
16,974
12,018,490
7,214,264
10a
988,340
13,006,830
100.0
988,340
8,202,604

(1)
(2)
1,763,276
(3)
58 >>>>
5.indb
58
23/10/2008
6:00:56
2008
63,383
46,657
77,948
562,187
2843
96,451
69,173
18,826(3)
387
2863
38
2055
1,070
2060
524,928
2060
544,518
2060
21,476
2868
24,682
2868
116,954
2031
40,405
957,667
538,966
2084
1,801
2052
141,439
277,939
422,735
260
2052
335,960
136
2047
75,835
2047
1,763,276(2)
242,685
324
2047
233,200
500
2047
16,974
2,281,038
2047
1,264,050
1,347,385
539,689
1,782,102
4,516
988,340
2,281,038
1,264,050
2,335,725
2052
539,689
1,782,102
4,516
59 >>>>
5.indb
59
23/10/2008
6:00:57
70%
70%
70%
70%
70%
60%
100%
100%
90%
100%
100%
100%
70%
70%
60%
60%
100%
30%
45%
50%
100%
100%
91%
60%
60%
100%
100%
63%
100%
100%
35%
59%
40%
100%
76%
63%
100%
60%
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
#5 6
D3
E
Resort
Resort
89,253
102,808
69,263
121,676
978,881
32,691
256,499
39,367
222,179
83,347
651,544
1,987,355
1,338,645
814,408
106,589
682,659
122,842
188,492
1,756,152
62,596
19,828
674,308
2,730,967
224,981
986,361
50,855
302,580
4,136,444
25,235
145,671
115,166
142,734
34,511
1,034,365
140,387
252,682
98,761
741,518
187,326
32,123
341,820
27,140
98,735
51,000
131,026
115,000
58,445
185,398
37,100
131,509
933,544
72,261
142,372
2,445,049
129,994
26,684,442
60 >>>>
5.indb
60
23/10/2008
6:00:57
49,475
578,493
160,838
36,460
173,513
426,555
1,308,330
263,847
565,408
106,589
327,302
122,842
94,573
1,319,278
53,046
547,274
2,152,024
187,286
778,990
50,855
166,932
2,556,561
22,661
124,568
82,960
111,505
27,135
888,561
110,407
203,246
66,012
559,309
143,156
12,709
283,561
27,140
95,690
51,000
131,026
115,000
58,445
148,565
37,100
98,508
898,544
61,529
108,473
1,719,180
109,510
18,321,971
2,349
13,644
10,842
78,670
145,778
21,634
36,195
21,905
17,487
37,181
41,967
5,224
26,351
34,353
331,126
271,264
22,540
29,547
94,367
293,920
23,712
163,847
57,317
58,430
21,600
59,061
292,561
2,578
11,049
16,757
280,000
3,868
72,683
40,080
866,929
2,574
629
23,032
22,202
21,240
43,006
254,610
11,057
59,466
2,907
43,442
10,744
161,089
253,532
345,767
249,000
218,010
34,858
144,313
6,972
8,779
110,277
298,943
33,827
134,688
60,000
30,000
95,568
622,954
20,474
32,206
28,430
3,608
107,997
29,980
47,677
30,707
175,785
44,170
19,414
49,464
2,799
3,768
37,807
1,759
2,042
6,424
8,795
3,045
19,488
17,345
8,666
15,000
2,733
1,965
116,000
24,335
20,000
38,000
2,910,762
655,377
339,126
20,000
7,999
31,934
551,869
20,484
2008
2011 2
2010 12
2010 6
2010 10
2010 12
2011 6
2010 10
2013 12
2009 6
2009 6
2009 12
2011 10
2009 6
2009 6
2010 6
2010 3
2008 12
2008 10
2010 10
2009 6
2010 6
2011 11
2009 6
2010 12
2010 6
4,457,206
61 >>>>
5.indb
61
23/10/2008
6:00:57
48%
100%
38
12a
39
195,927
100%
26,930,592
70%
70%
70%
70%
70%
70%
70%
70%
100%
60%
100%
90%
88%
75%
44%
70%
50%
75%
50%
100%
100%
60%
100%
60%
92%
100%
100%
91%
60%
100%
60%
63%
100%
35%
63%
52
53
54
55
56
50,223
50,223
40
41
42
43
1a
2a
3a
44
45
6a
7a
9a
46
47
48
14a
49

Lot A
Lot B
50
15a
17a
16a
51
21a
22a
23a
24a
25a
27a
29a
30a
35a
142,074
53,853
124,096
109,755
22,551
36,044
3,439
8,051
34,055
75,099
21,197
40,078
101,155
16,504
619
34,001
69,196
2,442
130,385
1,761
39,644
20,202
15,497
121,828
10,004
49,083
146,780
63,044
60,807
30,294
48,072
97,607
9,413
22,220
80,503
14,029
14,162
23,603
9,654
1,706,874
55%
100%
75%
60%
33%
23,988
31,100
43,221
38,058
36,524
172,891
1,879,765
62 >>>>
5.indb
62
23/10/2008
6:00:57
16,200
27,480
97,020
28,854
26,373
43,680
97,020
50,223
18,321,971
2,954,442
752,397
389,349
4,512,433
2,793
32,574
74,232
47,345
24,452
2,557
6,136
2009 10
2009 6
2009 6
55,227
50,223
22,619
27,279
16,415
36,044
3,439
8,051
32,341
53,764
21,197
28,158
11,284
1,714
21,335
4,385
80,439
16,504
619
5,621
49,413
2,442
35,474
2008
7,535
9,432
28,380
19,783
80,549
14,362
1,761
39,644
12,772
9,579
29,868
35,722
48,887
36,069
41,206
8,819
22,928
17,408
7,430
5,918
17,272
104,556
10,004
10,047
64,360
3,314
33,533
26,975
19,601
21,475
25,144
50,331
9,413
22,220
20,114
14,029
3,099
23,603
60,389
11,063
9,654
127,099
633,758
319,628
626,389
23,988
31,100
43,221
38,058
36,524
172,891
127,099
633,758
319,628
172,891
626,389
63 >>>>
5.indb
63
23/10/2008
6:00:58
(%)
545
64.0
862
64.0
549
64.0
440
16.4
2,396
299
39.2
435
52.5
860
46.3
259
71.3
370
23.2
10
276
25.6
11
476
22.4
12
327
42.5
3,302
13
598
26.9
14
538
21.6
15
336
46.1
16
910
37.5
2,382
8,080
17
567
100.0
18
384
78.8
19
406
70.8
1,357
9,437
64 >>>>
5.indb
64
23/10/2008
6:00:58
2008
(1)
CJV
CJV
65.29%
25.00%
1/1994
33
37
2023
2030
30
33
2032
2031
30
26
25
28
2027
2023
2021
2033
40
25
2048
2022
25
2022
25
25
2022
2022
25
2022
25
27
27
25
25
30
31.5
2022
2025
2025
2023
2023
2025
R1
R2
R3
R4
R5
R6
R7
321
R14
R15
R16
R17
R18
R19
R20
321
309
R21
R22
R8
R9
R10
R11
R12
R13
22.0
8.6
53.8
37.0
CJV
CJV
15.00%
25.00%
34.7
21.8
1.1
46.2
CJV
CJV
CJV
Equity
33.33%
50.00%
30.00%/80.00%
40.80%
32.0
Equity
CJV
15.00%
60.00%
5/1997
12/1999
12/2005
4/2005
48.0
60.4
18.2
21.6
8/1997
5/1998
CJV
9.2
16.8
27.8
6/1993
12/1997
11/1996
2009
12/2012
CJV
CJV
70.00%
60.00%
60.00%
8.7
30.0
10/1997
5/1998
5/1998
8/1997
1/1999
CJV 52.00%/100.00%
8.7
4.3
10.1
23.2
36.0
22.2
18.3
18.0
43.4
17.0
4.0
CJV
CJV
CJV
CJV
CJV
CJV
CJV
Equity
EJV
70.00%
60.00%/90.00%
60.00%/90.00%
60.00%/90.00%
60.00%/90.00%
40.00%
15
90%
15
60%
29.50%
33.30%
3/1997
12/1998
1/1999
7/2000
4/1999
7/2000
8/2000
4/1995
12/1998
12/2000
6/1991
11/2007
30
30
2028
2028
2018
2037
703.1
65 >>>>
5.indb
65
23/10/2008
6:00:58
(1)
600.0
600.0
472.0
EJV
EJV
Equity
Equity
50.00%
25.00%
19.00%
35.00%
1/1994
4/1996
11/1985
25
25
25
35
2017
2020
2010
2040
25
2033
25
30
35
2010
2027
2027
22
2020
22
28
2020
2023
20
30
30
30
30
30
30
50
2020
2030
2031
2032
2029
2032
2031
2052
25
2027
50
2052
30
35
30
30
30
2033
2039
2036
2036
2038
50
50
2053
2045
P1
P2
P3
P4
P5
P6
600.0
600.0
6/2007
10/2007
Equity
2 x 135.0
2 x 300.0
700
9.31%
EJV
35.00%
Equity
Equity
Equity
42.50%
30.00%
29.00%
9/2005
9/2008
1/2008
3,742.0
W1
W2
W3
W4
W5
W6
W7
W8
W9
W10
W11
W12
W13
W14
W15
W16
W17
W18
W19
W20
W21
W22
W23
330,000
100,000
60,000
90,000
1/1994
5/2007
Equity
33.06%
200,000
300,000
500,000
50,000
50,000
260,000
118,000
360,000
100,000
50,000
110,000
100,000
50,000
200,000
4,800
543,000
183,000
380,000
160,000
235,000
310,000
675,000
300,000
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
Equity
33.06%
25.00%
27.50%
25.00%
25.00%
25.00%
35.00%
30.00%
25.00%
25.00%
4/1998
11/2008
4/1998
1/1996
9/2008
6/2000
9/2000
8/2001
3/2002
12/2000
4/2002
1/2002
4/2005
4/2005
2/2008
Equity
25.00%
8/2002
9/2006
Equity
Equity
Equity
Equity
Equity
Equity
30.00%
25.00%
25.00%
24.50%
25.00%
19.28%
100,000
240
60,000
3,500
1985
Equity
Equity
10.00%
47.00%
11/2002
7/2006
1/2004
4/2005
12/2006
1/2007
6/2010
6/2009
8/2006
6/1995
5,464,000
4,800
450,000
240
60,000
3,500
66 >>>>
5.indb
66
23/10/2008
6:00:59
2008
(1)
4/1997
60
2052
C1
100
EJV
50.00%
C2
140
EJV
24.50%
1/1999
30
2027
C3
150
EJV
18.00%
11/2005
30
2035
C4
220
EJV
4.80%
6/2002
50
2046
C5
WFOE
100.00%
1/1998
50
2045
C6
EJV
55.00%
50
2056
230
2008
(1)
CJV =
EJV =
WFOE =
Equity =
67 >>>>
67
25/10/2008
11:09:31
>
DPMS, LLD(Hon), DBA(Hon), DSSc(Hon), GBM83

1970 5 1982
Cheng Yu Tung Family (Holdings)
Limited Centennial Success Limited
2008

BA, MBA, DBA(Hon), LLD(Hon), GBS 61

1972 10 1973 1989

Cheng Yu Tung Family
(Holdings) LimitedCentennial Success Limited
2001

68 >>>>
5.indb
68
23/10/2008
6:01:00
2008
CBE 81
1972 10 1977 11 1987 1
2007 11 1977 9 1986 12

DSSc(Hon)79
1970 6
63
1979 11 1986
51
1985 11
69 >>>>
5.indb
69
23/10/2008
6:01:07
>
JP DSSc(Hon)66
1989 4

56
1994 10 Cheng Yu Tung Family (Holdings) Limited
Centennial Success Limited

69
1994 10 2004 8 1988 5

66
1994 10
70 >>>>
5.indb
70
23/10/2008
6:01:10
2008

58
2000 9
SOHO
57
2004 8 2007 11
2004 1 7 2004 8 29
JP 59
2004 8
71 >>>>
5.indb
71
23/10/2008
6:01:13
>
61
2004 8

28
2007 3
2006 9
72 >>>>
5.indb
72
23/10/2008
6:01:16

74
113
114
115
117
118
120
122
222
>
2008 6 30
208
221 48 49 50
2008 6 30 114
2008 12 2 2008 6 30 0.25
2007 0.25
0.01 0.24
2008 7 0.18 2008 6 30
0.43 2007 0.40
37
38 2008 6 30 11,258.3
2007 11,225.8
222 223
45.5 2007 50.6

18
74 >>>>
20 08
>
82 89
13.2013.22
13.20 13.22 112
2007 11 1
2008 2 19
JP

2007 11 1
JP
103(A)
75 >>>>
>
1993 8 5 Hotel Property Investments (B.V.I.) Limited HPIRenaissance Hotel

Holdings (B.V.I.) LimitedRenaissance
HPI Renaissance CTF Holdings
Limited CTFHL HPI CTFHL 1997 7 25
2008 6 30
CTFHL 12.7 99.0
2007 11.8 92.1
CTFHL

352 2008 6 30
90 92
76 >>>>
20 08
>
Long Vocation Investments Limited
Asia Leisure Development Co Ltd
77 >>>>
>
Bermuda Investments Limited
Greenwich Investors Limited
2008 2 19
2007 11 1

18
92 111
78 >>>>
20 08
>
336 2008 6 30

1,382,885,199
1,382,885,199
37.02
1,382,885,199
1,382,885,199
37.02
1,246,814,579
136,070,620
1,382,885,199
37.02
Cheng Yu Tung Family

(Holdings) LimitedCYTFH (1)
Centennial (2)
(3)

(1)
CYTFH Centennial 51% Centennial
(2)
Centennial 100%
(3)
2008 6 30 336
10%
79 >>>>
>
336
2008 6 30
JPMorgan Chase & Co.
UBS AG
50,452,355
17,320,430
140,225,060
49,113,759
36,987,222
108,200,542
}
}
207,997,845(1)
5.57
194,301,523(2)
5.20
36,298,466(3)
0.97
20,353,746(4)
0.54
JPMorgan Chase & Co.
36,298,466
14,427,318
UBS AG
5,926,428

(1)
6,767,101
4,179,000 10,946,101 140,225,060

(2)
27,053,761 1,885,000
17,074 28,955,835
(3)
240,000
(4)
8,317,000
488,486 8,805,486
2008 6 30 336

80 >>>>
20 08
>
25.0%
5 30.0%
2007 7 12

100.0% 72.3%
2008 10 14
81 >>>>
>
(1)
1995 8 29 Renaissance Hotel Group

N.V. RHG 64.0% 36.0%
RHG 25 HPI
Hotel Property Investment, Inc.
1997 7 25 HPI
CTFHL

54.0

(2)
1999 7
1999 3 31

7,389.5 2007 6,934.4
369.6 2007 188.4
(3)
2007 5 18

82 >>>>
20 08
>

2008 6 30
(4)
13.0
1.7
7.5
0.9
7.0
22.8
35.0
0.3
1.0
0.5
1.0
3.6
9.0
2005 2 24
15
12 .
1 2
1 10
6.0%
11 15
7.0%
Real Reward Limited

Go Create Limited

2008 6 30 42.0
75.0
2008 9 16 2011 6 30 75.0
83 >>>>
>

(5)
2007 7 4
Grand Partners Group Limited Grand Partners Stanley Enterprises LimitedStanley
54.0
81.0
Grand Partners Stanley 47.5% 50.0% 2.5%
Grand Partners Stanley

Grand Partners Stanley

(6)
2007 8 28 64%
Keep
Silver Investments Limited Keep Silver 54,500,000
163.5
(a)
Keep Silver Ichiban Properties Limited Ichiban

Ichiban 50.0% Ichiban 136.5
(b)
Keep Silver Higrade Properties Limited Higrade 20

Higrade 20.0% Higrade
Diamond Way Inc. Diamond Way 31.1
Diamond Way Higrade

Keep Silver 2007
11 26
84 >>>>
17 Report of the Dir 82525-03N.indd
84
25/10/2008
11:09:53
20 08
>

(7)
2007 11 20
51.0
27.0%
73% 2007 11 21
(8)
2008 1 24 (i)

30.0%
(ii)

2008 1 24

2008 1
24 2011 1 23
85 >>>>
>

2008 6 30

70.2
486.9
13.6
17.4
2008 6 30

0.6
26.3
800.0
(9)
2008 1 31

166.7 350.0
70.0% 30.0%

128.3 55.0
143,333

86 >>>>
20 08
>

(10) 2008 2 6 Fast Plus
Investments Limited Fast Plus
50.0%Fast Plus 50.0%

Fast Plus Centennial

(11)

2007 6 28 2008 3
19 2008 4 29 2008
2009 6 30
2007 08
2008 09
18.2
26.2
24.6
53.1
26.7
57.6
2008 6 30 17.9

87 >>>>
>

(12) 2008 4 1

250.0 680.0 90.0% 10.0%

387.0 43.0
799,997
(13) 2008 4 30
143.3
1408
794

2008 6 30
(14) 2008 6 18

88 >>>>
17 Report of the Dir 82525-03N.indd
88
25/10/2008
11:10:09
20 08
>

56.46% 43.54%

(3) (4) (8) (11)

(a)
(b)
(c)
14A.38
4400 (3) (4)(8) (11)

(a)
(b)
(c)
47

89 >>>>
>

2008 6 30 352

(A)
300,000
300,000
0.01
4,727,287
47,098
4,774,385
0.13
532,974
532,974
0.01
244,527
0.01
439,177
0.01
5,215
0.00
15,869
27.41
42,000
7.00
3,710
34.61
52,271,200(4) 66,721,200
1.74
1.00
244,527
5,215
42,000
12,500,000
1,950,000
439,177(1)
Dragon Fortune Limited

1.00

15,869(2)
HH Holdings Corporation
1.00

1.00

3,710(3)
0.10

500,000
500,000
0.01
650,126
650,126
0.02
220,800
760,000(5)
980,800
0.03
1,107,000(5)
1,107,000
0.07
0.10

90 >>>>
20 08
>

(A)
9,179,199
8,000,000(4) 17,179,199
0.83
3,281
31
16,995,745
164
190,981
3,010,265
0.15
2,945,351
2,945,351
0.14
207,000
207,000
0.01
80,000
3,570,000(8)
3,650,000
45.63
500(9)
500
50.00
37,500
37,500
1.50
1.00
(6)
16,999,057
0.83
164
0.00
2,819,284(7)
1.00
1.00
YE Holdings Corporation
1.00

(1)
40.0%
(2)
4,102 11,767
45.63%
(3)
(4)
(5)
(6)
(7)
(8)
49.58%
(9)
91 >>>>
>

(B)
2008 6 30

2006 11 24

(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)

92 >>>>
20 08
>
(viii)

136,450,000
230,418,464
6.13%
12

1.0%
10
14 10.0
(i)
(ii)
5
2006 11 24 10
93 >>>>
>
2007
2008
71
630
2007319
(1)
36,500,000
36,500,000
17.756
2007319
(1)
36,500,000
36,500,000
17.756
2007319
(1)
300,000
300,000
17.756
2007319
(1)
300,000
300,000
17.756
2007319
(1)
200,000
200,000
17.756
2007319
(1)
300,000
300,000
17.756
2007319
(1)
300,000
300,000
17.756
2007319
(1)
300,000
300,000
17.756
2007319
(1)
200,000
200,000
17.756
(2)
1,200,000
1,200,000
17.756
35,500,000
17.756
2007319
(1)
36,500,000
(1,000,000) (3)
2007319
(1)
200,000
(200,000) (4)
17.756
(2)
1,200,000
1,200,000
17.756
2007319
(1)
200,000
200,000
17.756
2007319
(1)
300,000
300,000
17.756
2007319
(1)
200,000
200,000
17.756
2007319
(2)
500,000
500,000
17.756
115,200,000
(1,200,000)
114,000,000
94 >>>>
2008 2 19
20 08
>

(1)
(2)
2007 3 19 2012 3 18
5 2007 3 19 2008 3 19 2009 3 19 2010 3 19 2011 3 19 2012
3 18
(3)
500,000 2007 7 11 2008 6 12

19.06
(4)
2007 12 20 26.55
(5)
10.0
2007
2008
71
(2)
6 30
2007 3 19
(1)
21,020,000
(1,606,000)
(480,000)
18,934,000
17.756

(1)
5 2007 3 19 2008 3 19 2009 3 19 2010 3 19 2011 3 19

2012 3 18
(2)
24.85
(3)
10.0
95 >>>>
>
2000 12 18 2000
2000
2002 11 26
2002 2000
2008 6 30 2000

2000
2002
2000
2002
65,745,200
2005 4 8
37,872,000
2005 4 8
38,158,200

6,465,900
2000
70,412,729

1.84%
12
25.0%

1.0%
96 >>>>
20 08
>

2000
2002
1 5
1 5
28
28
10.0
10.0
(a)
(b)
(a)
80.0%
(b)
2000
2002
2000 12 18 10
2002 11 26 10
97 >>>>
>
2002
2008
2007
71
(3)
6 30
2008 1 7
(1)
2,000,000
2,000,000
6.972
2008 1 7
(1)
800,000
800,000
6.972
2008 1 7
(1)
200,000
200,000
6.972
2008 1 7
(1)
200,000
200,000
6.972
2008 1 7
(1)
300,000
300,000
6.972
2006 7 25
(2)
552,400
331,600
2.865
2008 1 7
(1)
1,500,000
1,500,000
6.972
552,400
5,000,000
(220,800) (4)
(220,800)
5,331,600

(1)
(2)
3 2008 2 8 2009 2 8 2010 2 8 2011 2 7

5 2006 8 26 2007 8 26 2008 8 26 2009 8 26 2010 8 26 2011
8 25
(3)
2008 1 7 6.73
(4)
110,400 2007 8 23 2008 6 12

5.885
(5)
98 >>>>
10.0
20 08
>
2002
(1)
2007
71
2008
6 30
(4)
2003 1 3
2003 1 30
124,200
(124,200)
1.212
2003 5 12
2003 6 6
1,351,300
(1,351,100)
0.912
69,000
(69,000)
1.650
2004 3 25
2004 4 21
1,161,000
(830,400)
330,600
2.252
2004 6 18
2004 7 15
209,600
(104,800)
104,800
1.650
2004 11 4
2004 12 1
171,200
(50,000)
121,200
2.484
2004 12 22
2005 1 18
99,400
(49,600)
49,800
2.689
2005 7 13
2005 8 9
448,800
(80,800)
203,600
2.300
2005 7 13
2005 8 9
700,000(2)
(700,000)
2.300
2005 11 7
2005 12 2
29,600
(9,600)
20,000
2.620
2006 3 28
2006 4 24
2,885,200
(347,200)
(434,400)
2,103,600
3.915
2006 6 28
2006 7 26
153,200
(12,000)
(83,200)
58,000
2.865
2006 10 17
2006 11 13
530,400
(66,000)
464,400
3.340
2003 10 28
2003 11 22
(5)
(200)
(164,400)
99 >>>>
>

2002
(1)
2007
71
2008
6 30
(4)
1,063,600
(61,600)
1,002,000
4.712
2007 3 19
2007 4 13
744,800
(9,600)
735,200
4.500
2007 6 14
2007 7 11
1,408,400
564,000
(50,000)
1,922,400
6.710
2007 10 17
2007 11 13
1,709,200
1,709,200
8.070
2007 12 28
2008 1 24
1,378,800
1,102,400
6.972
2007 12 28
2008 1 24
8,180,000(3)
8,180,000
6.972
2008 4 22
2008 5 19
868,800
868,800
5.260
11,149,700
12,700,800
2006 12 28
2007 1 24
(5)
(3,915,900)
(276,400)
(958,600)
18,976,000
100 >>>>
(1)
2 3 5
20.0%
(2)
2
50.0%
(3)
3
33.0%
(4)
2007 6 14 2007 10 17 2007 12 28 2008 4 22

6.68 8.15 6.99 5.25
(5)
6.68
(6)
10.0
20 08
>

2002
6.71 8.07 6.972 5.26
2.41 2.92 2.49 1.91 1.86
2.238% 4.06% 5
42.0% 45.0% 0.83% 1.2% 5

2001 12 6 2001 2003 3

12 2006 11 24 2001

2001

(i)
(ii)
(iii)
(iv)
(v)
101 >>>>
>

2001
(vi)
(vii)

(viii)

72,518,283
107,396,424
5.22%
12

1.0%
10
14 10.0
102 >>>>
2001 12 6 10
20 08
>
2007
2008
71
(3)
(4)
630
2007821
(1)
3,000,000
1,277
2003721
(2)
68,820
(68,820)
68,820
3,000,000
1,277
(68,820)
(5)
3,001,277
16.193
3.711
3,001,277

(1)
40.0% 2008 8 21 2012 8 20 60.0% 3 2009 8 21

2010 8 21 2011 8 21 2012 8 20
(2)
2 2004 7 21 2005 7 21 2008 7 20
(3)
2007 8 21 15.7
(4)
2008 3 17 2008 6 30
16.2 16.193 2008 6 18
(5)
2008 5 6 22.0
(6)
10.0
2007
2008
71
(5)
(6)
630
2003721
(1)
1,411,347
2007821
(2)
2008128
(2)
1,411,347
(701,305)
276
(68)
710,250
3.709(7)
26,694,000(3)
11,310
26,705,310
16.193(8)
700,000(4)
295
700,295
20.591(9)
(701,305)
11,881
27,394,000
(68) 28,115,855
103 >>>>
>

(1)
3 2004 1 21 2004 7 21 2005 7 21 2008 7 20
(2)
40.0% 2008 8 21 2012 8 20 60.0% 3 2009 8 21

2010 8 21 2011 8 21 2012 8 20
(3)
2007 8 21 15.7
(4)
2008 1 28 20.6
(5)
18.269
(6)
2008 3 17 2008 6 30

(7)
3.711 3.709 2008 6 18
(8)
16.2 16.193 2008 6 18
(9)
20.6 20.591 2008 6 18
(10)
10.0
16.2 16.193 20.6

20.591 5.23 6.49 4.13%
5 46.52% 4.9%
5

104 >>>>
20 08
>
2007 6 12

24,128,000
138,392,500
8.21%

12

1.0%
1 10

1.0
21

105 >>>>
>
(i)
(ii)
5
(iii)
2007 6 12
10
2007
2008
71
6 30
(2)
2007 11 27
(1)
1,000,000
1,000,000
8.66
2007 11 27
(1)
500,000
500,000
8.66
1,500,000
1,500,000

(1)
5 2008 11 27 2009 11 27 2010 11 27 2011 11 27 2012 11 27

2013 11 26 20.0%

106 >>>>
(2)
2007 11 27 8.69
(3)
1.0
20 08
>
2007
2008
71
6 30
2007 11 27
(1)
18,495,000(3)
2008 3 25
(2)
4,133,000
(4)
22,628,000
(70,000) 18,425,000
4,133,000
8.66
8.44
(70,000) 22,558,000

(1)
5 2008 11 27 2009 11 27 2010 11 27 2011 11 27 2012 11 27

2013 11 26 20.0%

(2)
5 2009 3 25 2010 3 25 2011 3 25 2012 3 25 2013 3 25 2014

3 24 20.0%

(3)
2007 11 27 8.69
(4)
2008 3 25 8.46
(5)
1.0
8.66 8.44 3.002

2.775 2013 11 2014 2
2.065% 2.920% 6
6 39.0% 40.0% 1.5%
6

107 >>>>
>
2002 8 23

10.0%

10.0% 10.0%

30.0%
29,436,169
4.23%
12
1.0%

108 >>>>
20 08
>

12

0.1%
5.0
10
30 1.0
(i)
(ii)
5
(iii)

10 2012 8 22
109 >>>>
>
2008 6 30
2007
2008
71
6 30
2003 9 5
(1)
1,300,000
2006 2 10
(2)
2,000,000
2007 12 1
(3)
28,700,000
3,300,000
28,700,000
(1,000,000) (4)
300,000
1.20
(1,950,000) (5)
50,000
0.94
(200,000)
28,500,000
6.09
(200,000)
28,850,000
(6)
(2,950,000)

(1)
2004 3 5 2009 3 4
(2)
2006 8 10 2014 8 9
(3)
2008 6 1 2016 5 31
(4)
4.93
(5)
4.13
(6)
2007 12 1 5.69
(7)
1.0
6.09
0.56
(%)
(%)
43.61
(%)
43.61
(%)

110 >>>>
7.03
1.21
1
5.69
20 08
>

2008 6 30

352
111 >>>>
>
13.20 13.22
2008 6 30
2008
2007
18,769.7
3,115.5
2,889.6
16,011.6
3,645.8
2,922.0
24,774.8
22,579.4
(1)
2008 6 30 8.0%
(2)
6,064.8 2007 6,167.6 0.6%

10.0% 2007 0.6% 10.0% 258.5
2007 258.5 2016 12
(3)
13.22 2008 6 30
74,842.0
40,595.0
(34,885.7)
33,040.8
25,711.5
(17,784.6)
80,551.3
(39,955.8)
40,967.7
(21,787.9)
40,595.5
19,179.8
2008 6 30

112 >>>>
20 08
>

114 221
2008 6 30

141

2008
6 30
P181
2008 10 14
113 >>>>
>
2008 6 30
2008
2007
29,360.8
23,284.5
(20,844.8)
(17,364.6)
8,516.0
5,919.9
109.8
52.3
2,174.7
1,651.1
(441.4)
(358.9)
(1,968.4)
(1,898.0)
(2,531.1)
(2,594.7)
4,022.6
1,263.9
9,882.2
4,035.6
1,016.9
817.8
10
(1,282.0)
(1,173.3)
9,617.1
3,680.1
3,594.8
1,664.1
962.4
1,325.8
14,174.3
6,670.0
11
(1,444.0)
(902.5)
12,730.3
5,767.5
9,674.4
4,312.9
3,055.9
1,454.6
12,730.3
5,767.5
1,612.2
1,482.1
2.59
1.17
2.48
1.17
12, 38
114 >>>>
13
14
20 08
>
2008 6 30
2008
2007
17
31,577.9
26,252.0
18
7,141.2
5,571.0
19
4,950.7
2,461.9
20
1,409.4
863.0
22
30,417.8
24,293.5
23
10,163.3
10,340.3
24
4,796.5
3,719.4
25
33.4
32.3
33
1,194.4
26
11,174.9
11,549.2
27
322.2
108.8
28
1,284.8
1,085.8
104,466.5
86,277.2
29
18,409.6
13,654.5
30
5,901.7
5,178.4
31
454.2
275.9
32
18,897.5
21,023.7
33
629.9
246.9
34
3,105.8
2,042.4
35
636.9
768.8
35
13,126.1
14,631.3
61,161.7
57,821.9
165,628.2
144,099.1
115 >>>>
>
2008 6 30
2008
2007
37
3,736.5
3,692.1
38
67,662.8
55,867.2
38
939.6
928.3
72,338.9
60,487.6
22,467.2
17,996.2
94,806.1
78,483.8
39
31,361.8
28,393.5
27
5,112.1
4,106.2
40
461.7
368.5
36,935.6
32,868.2
41
20,656.2
18,472.2
39
7,193.0
4,580.1
39
4,608.9
8,612.3
1,428.4
1,082.5
33,886.5
32,747.1
70,822.1
65,615.3
165,628.2
144,099.1
27,275.2
25,074.8
131,741.7
111,352.0
116 >>>>
20 08
>
2008 6 30
2008
2007
17
18
19
21
22
23
24
50.0
0.5
26,276.8
177.4
538.6
22.7
42.0
0.5
28,312.1
228.6
352.8
27.1
27,066.0
28,963.1
1,157.4
103.7
37,805.1
1.2
986.8
108.5
37,644.3
40.5
39,067.4
38,780.1
66,133.4
67,743.2
3,736.5
39,048.0
939.6
3,692.1
38,034.1
928.3
43,724.1
42,654.5
29
32
21
35
37
38
38
27
6.8
5.0
41
21
39
1,160.5
21,205.3
36.7
1,003.0
24,053.8
26.9
22,402.5
25,083.7
22,409.3
25,088.7
66,133.4
67,743.2
16,664.9
13,696.4
43,730.9
42,659.5
117 >>>>
21 BS 82525-03N.indd
117
25/10/2008
11:10:32
>
2008 6 30
2007 7 1
3,692.1
56,795.5
60,487.6
17,996.2
78,483.8
152.7
152.7
(120.2)
32.5
(176.3)
(176.3)
(23.2)
(199.5)
34.2
34.2
34.2
2,596.4
2,596.4
1,196.1
3,792.5
2,607.0
2,607.0
1,052.7
3,659.7
9,674.4
9,674.4
3,055.9
12,730.3
12,281.4
12,281.4
4,108.6
16,390.0
(1,600.9)
(1,600.9)
125.1
125.1
0.7
0.7
854.4
854.4
41.6
884.4
926.0
926.0
118 >>>>
(2,534.4)
(29.9)
95.2
261.8
261.8
306.8
306.8
(136.4)
(195.1)
(58.7)
2.8
28.1
30.9
30.9
147.5
147.5
38.5
186.0
(474.5)
(430.1)
362.4
(67.7)
44.4
2008 6 30
(58.7)
(933.5)
3,736.5
68,602.4
72,338.9
22,467.2
94,806.1
20 08
>
3,639.1
49,636.4
53,275.5
16,089.0
69,364.5
1,235.1
1,235.1
548.5
1,783.6
128.4
128.4
128.4
(15.8)
(15.8)
(6.2)
(22.0)
(588.2)
(588.2)
(464.8)
(1,053.0)
857.1
857.1
422.9
1,280.0
1,616.6
1,616.6
500.4
2,117.0
4,312.9
4,312.9
1,454.6
5,767.5
5,929.5
5,929.5
1,955.0
7,884.5
(1,286.6)
(1,286.6)
95.7
95.7
2007 6 30
2006 7 1
(16.7)
(629.5)
(1,916.1)
636.7
732.4
(656.2)
(656.2)
51.9
51.9
(15.2)
(31.9)
(7.5)
(7.5)
(3.8)
(3.8)
(16.7)
459.8
459.8
52.8
635.6
688.4
688.4
0.2
1.8
2.0
1.9
3.9
1,086.0
1,086.0
114.1
1,200.1
713.8
713.8
713.8
53.0
1,229.6
1,282.6
3,692.1
56,795.5
60,487.6
2007 6 30
(47.8)
17,996.2
1,234.8
78,483.8
119 >>>>
>
2008 6 30
2008
2007
45(a)
(2,246.3)
(1,774.1)
(224.8)
(379.1)
(355.9)
(147.3)
(2,827.0)
(2,300.5)
1,015.8
816.6
3,699.6
996.9
264.4
642.8
109.8
52.3
(3,305.3)
(3,471.0)
45(f), (g)
209.2
(74.7)
(693.7)
(431.2)
16.5
(790.9)
45(b), (c)
(749.4)
(622.5)
(229.2)
(100.8)
(779.2)
(29.4)
(3,562.4)
(650.1)
1,162.7
393.2
124.3
6.7
293.6
45(d), (e)
14.1
166.3
216.9
2,560.8
5.8
(3,284.5)
563.0
120 >>>>
23 Con Cash Flow 82525-03N.indd
120
25/10/2008
11:10:49
20 08
>
2008 6 30
2008
2007
8,722.7
49.7
4.0
11,069.9
12,199.6
(5,350.7)
(9,422.5)
(0.1)
(5.0)
35.1
236.8
91.0
565.6
306.8
67.0
(1,341.4)
(1,379.7)
(556.1)
(517.5)
(880.9)
(600.7)
3,423.3
9,870.3
(2,688.2)
8,132.8
14,551.3
6,308.5
471.2
110.0
12,334.3
14,551.3
6,993.5
8,013.2
5,341.7
6,618.1
35
(0.9)
12,334.3
(80.0)
14,551.3
121 >>>>
23 Con Cash Flow 82525-03N.indd
121
25/10/2008
11:10:50
>
1
18
30

2008 10 14
(a)
2008 6 30 2008 6 30

7
10
11

17
122 >>>>
20 08
>

(b)

2008 1 1

2009 6 30
12
13
14
19
2010 6 30
2
23
27
1 32
15
16
(a)
6 30
(i)
123 >>>>
>

(a)

(i)
(ii)
(1)
124 >>>>
20 08
>

(a)

(ii)

(1)

(2)
125 >>>>
>

(a)

(iii)

(iv)

126 >>>>
20 08
>

(b)
(i)
(ii)
(iii)

127 >>>>
>

(c)
(d)
(e)
128 >>>>
24a Notes 82525-03N.indd
128
25/10/2008
11:11:15
20 08
>

(e)

(i)
(ii)
20 40
7 44
3 15
2 25

(iii)

(f)
129 >>>>
129
25/10/2008
11:11:15
>

(g)

(i)
(ii)

12
(iii)

12
(iv)

12
130 >>>>
20 08
>

(g)
(h)
(i)
131 >>>>
131
25/10/2008
11:11:34
>

(j)
3(t)(iii)
(k)
(l)
(m)
(n)
(o)
132 >>>>
20 08
>

(p)
(q)
133 >>>>
>

(r)

12
(s)
(i)
(ii)
(i)
134 >>>>
20 08
>

(t)

(i)
(ii)
(iii)

(iv)

(v)
(vi)

135 >>>>
>
(t)
(vii)

(viii)

(ix)

(x)
(u)
(i)

3(e)(ii)
(ii)
136 >>>>
136
25/10/2008
11:12:04
20 08
>

(v)
(w)
(i)
(ii)
(iii)

(iv)

10.0%
137 >>>>
137
25/10/2008
11:12:05
>

(w)
(v)
(x)
(i)
(ii)
138 >>>>
20 08
>

(x)

(iii)
(1)
(2)
(3)
(y)
(z)
139 >>>>
>

(z)
(aa)
(a)
(i)

2008 6 30 815.3
2007 3,304.3

2008 6 30 871.2
2007 3,386.8
5% 43.6 2007 169.3
2008 6 30 3,295.3
2007 1,501.4
5% 164.8 2007 75.1
140 >>>>
20 08
>

(a)

(i)

2008 6
30
7

(ii)

100
153.8 2007 137.3
100

141 >>>>
>

(a)

(iii)

2008 6 30 25%
144.2 1,189.4 2007
50.9 920.1 12
(b)
142 >>>>
20 08
>

(b)
2008 6 30 2007
(c)
18,749.1
18,749.1
18,620.1
110.3
18.7
2,616.2
2,616.2
2,616.2
2008 6 30
588.3
588.3
588.3
4,608.9
4,661.6
4,661.6
38,554.8
43,080.2
8,421.0
25,449.5
9,209.7
16,209.5
16,209.5
15,534.8
645.3
29.4
1,920.2
1,920.2
1,920.2
482.1
482.1
482.1
2007 6 30
8,612.3
8,710.9
8,710.9
32,973.6
38,842.6
6,475.0
21,317.1
11,050.5
143 >>>>
>

(c)
1,160.5
1,160.5
1,160.5
21,205.3
21,205.3
21,205.3
56.5
56.5
56.5
36.7
38.4
38.4
1,003.0
1,003.0
1,003.0
24,053.8
24,053.8
24,053.8
37.3
37.3
37.3
26.9
29.3
29.3
2008 6 30
2007 6 30
(d)
144 >>>>
144
25/10/2008
11:12:32
20 08
>

(d)

2008 2007 6 30
2008
2007
40,733.6
39,478.0
13,803.9
15,400.1
26,929.7
24,077.9
94,806.1
78,483.8
28.4%
30.7%
2008 6 30
(e)

(i)
(ii)
(iii)
145 >>>>
145
25/10/2008
11:12:33
>
(a)
(b)
2008 6 30 8%
2,526.2 2007 2,100.2
(c)
146 >>>>
20 08
>

(d)
(e)
(f)
44
147 >>>>
>

(g)
(h)
2008
2007
1,433.2
1,210.3
4,632.9
2,916.7
10,982.6
10,030.5
5,868.9
3,557.9
327.4
299.5
962.1
890.0
2,236.0
1,704.1
2,505.0
2,331.4
412.7
344.1
29,360.8
23,284.5
148 >>>>
20 08
>

(a)
2008
1,433.2
228.5
4,632.9
16,851.5
1,856.8
327.4
962.1
65.1
2,236.0
2,505.0
412.7
(2,150.4)
29,360.8
1,661.7
4,632.9
18,708.3
327.4
1,027.2
2,236.0
2,505.0
412.7
(2,150.4)
29,360.8
1,036.8
86.8
4,022.6
1,008.5
88.3
1,019.4
16.6
130.2
(16.2)
(44.3)
(323.1)
434.3
1,690.4
599.2
112.1
139.0
519.8
4,323.1
2,174.7
4,022.6
(638.2)
9,882.2
1,016.9
(1,282.0)
9,617.1
581.7
519.0
1,670.0
25.6
335.6
143.8
967.0
188.5
62.6
18.1
0.8
22.4
22.1
3,594.8
962.4
14,174.3
(1,444.0)
12,730.3
34,133.8
4,118.3
3,181.9
44,384.0
11,787.8
1,528.3
15,446.2
4,269.2
2,233.1
2,421.2
8,552.3
849.4
1,281.3
2,207.5
3,554.6
3,294.8
1,036.1
116.7
6,446.0
654.1
46.4
110,961.9
30,417.8
10,163.3
14,085.2
165,628.2
520.7
5,817.5
9,795.2
414.7
221.4
1,603.2
1,242.9
1,502.3
21,117.9
49,704.2
70,822.1
2,099.3
65.2
19.6
491.5
162.6
16.1
1,050.4
134.1
20.1
4.0
92.4
38.6
69.1
99.3
323.1
294.8
153.1
1,235.0
211.3
3.2
38.8
49.0
212.0
5,282.9
967.0
632.7
149 >>>>
>

(a)
2007
1,210.3
173.9
2,916.7
13,588.4
1,345.3
299.5
890.0
69.3
1,704.1
2,331.4
344.1
(1,588.5)
23,284.5
1,384.2
2,916.7
14,933.7
299.5
959.3
1,704.1
2,331.4
344.1
(1,588.5)
23,284.5
779.2
(18.4)
1,263.9
310.2
(44.6)
572.4
164.6
84.1
(23.1)
(73.1)
14.8
247.0
32.9
621.2
(1.9)
(106.8)
1,526.8
2,434.2
1,651.1
1,263.9
(1,313.6)
4,035.6
817.8
(1,173.3)
3,680.1
408.7
287.8
236.4
41.4
335.5
258.4
716.5
316.5
493.2
53.1
0.6
(86.1)
(72.1)
6,670.0
(902.5)
5,767.5
27,486.7
3,768.6
2,772.5
35,755.3
9,471.0
1,389.0
18,609.9
3,382.8
1,778.6
2,155.7
6,222.0
1,961.2
1,598.8
2,256.5
2,414.2
2,161.3
831.3
128.8
3,774.5
617.8
53.7
93,956.4
24,293.5
10,340.3
15,508.9
144,099.1
406.9
5,811.9
8,483.8
427.3
383.6
1,333.5
747.3
1,246.4
150 >>>>
1,664.1
1,325.8
18,840.7
46,774.6
65,615.3
101.1
38.7
210.4
129.3
43.8
187.1
110.2
1.0
1.5
87.4
81.1
86.7
84.4
19.4
138.0
155.2
56.0
158.2
42.6
41.6
146.9
823.4
805.0
292.2
20 08
>

(b)
15,879.1
66,936.1
2,714.9
7,764.9
41,864.0
2,554.5
5,716.8
2,161.8
13.5
29,360.8
110,961.9
5,282.9
12,167.9
63,168.7
500.5
6,007.8
29,362.1
322.6
5,108.8
1,425.6
0.3
23,284.5
93,956.4
823.4
2008
2007
2008
2007
22.8
15.8
87.0
36.5
109.8
52.3
151 >>>>
>

2008
2007
0.8
13.8
126.0
64.8
431.5
1,593.6
129.5
11.1
1.1
7.8
1,695.3
125.7
40.4
(25.3)
203.9
18.6
50.5
9.1
47.4
122.8
81.0
9.6
(368.6)
(83.9)
(8.1)
(36.3)
(34.2)
(12.0)
(9.5)
(189.1)
(144.3)
(32.7)
(6.2)
2,174.7
(8.3)
1,651.1
2004 5
Tony Qu
Tony Qu

50

2006 12 27 Tony Qu 28
21,840
20 15,600
Tony Qu
2008 6 30
2,025.1 2007 1,593.6 431.5
152 >>>>
20 08
>

2008
15(a)

2007
1,230.9
(337.9)
1,050.3
(311.3)
893.0
739.0
308.8
5.1
715.2
70.5
10.2
22.0
7.3
(4,851.4)
17.3
0.6
65.4
4.3
0.5
1.2
(3,441.6)
(759.0)
(23.4)
(612.1)
(11.2)
(196.8)
(3.6)
(165.9)
(681.7)
(13.5)
(4,340.9)
(167.1)
324.2
(543.9)
(8.7)
(3,969.5)
(11.2)
16.9
(52.8)
(3.5)
(50.5)
(2.6)
68.8
169.4 2007 66.0 133.6
153 >>>>
>
10
11
2008
2007
1,247.4
48.0
1,301.3
18.9
3.3
104.4
311.2
9.7
22.0
9.9
49.7
5.9
35.0
0.3
1,770.6
(488.6)
1,396.4
(223.1)
1,282.0
1,173.3
2008
2007
445.4
385.3
337.7
204.7
143.9
117.6
587.1
273.6
132.6
(202.7)
5.6
(84.3)
1,444.0
902.5
2008 2008/2009 17.5% 16.5%

16.5%2007 17.5%

3.0% 33.0% 2007 3.0% 33.0%

30.0% 60.0% 2007 30.0% 60.0%
154 >>>>
20 08
>
11

2007 3 16

25.0% 2008 1 1 2008 1 1
2007/2008
973.7 179.9 2007 273.3
139.9

2008
2007
9,617.1
3,680.1
16.5% 2007 17.5%
1,586.8
644.0
86.1
100.5
(871.7)
(542.8)
533.9
501.0
165.6
138.9
74.5
47.7
(7.2)
(36.9)
(84.2)
(74.8)
(202.7)
(84.3)
12
37.8
(18.8)
91.6
1,300.1
784.9
143.9
117.6
1,444.0
902.5
1,630.5 2007 675.3
155 >>>>
>
13
2008
2007
0.18 2007 0.15
672.6
553.8
0.25 2007 0.25
939.6
928.3
1,612.2
1,482.1
391.3
382.5
543.5
2008
2008 10 14 0.25
2009 6 30
14

2008
2007
9,674.4
4,312.9
259.9
18.2
(99.4)
(9.3)
9,834.9
4,321.8
2008
2007
3,732.8
3,676.1
224.0
16.6
1.1
2.5
3,957.9
3,695.2
156 >>>>
20 08
>
15
(a)
2008
2007
3,980.0
3,118.7
(b)(i)
2.4
(b)(ii)
172.5
138.6
(c)
186.0
713.8
4,340.9
3,969.5
(1.6)
(b)

(i)

2008
2007
(91.3)
(70.2)
146.7
135.5
(33.6)
(41.4)
21.8
23.9
2008
2007
28

70.2
4.1
3.8
1.7
(3.6)
0.3
14.8
72.7
3.2
3.9
1.7
(8.9)
1.4
(3.8)
91.3
70.2
157 >>>>
>
15

(b)

(i)

2008
2007
135.5
9.6
1.7
0.3
(3.6)
0.3
2.9
114.2
7.9
1.7
0.9
(8.9)
1.4
18.3
146.7
135.5
2008
2007
3.8
4.1
(9.6)
4.1
3.9
3.2
(7.9)
(0.8)
(a)
2.4
(1.6)
11.6 2007 26.2

2008
2007
3.5%
5.0%
7.0%
7.0%
4.0%
4.0%
66.2%
72.0%
27.1%
21.2%
6.7%
6.8%
158 >>>>
24b Notes 82525-03N.indd
158
25/10/2008
11:12:56
20 08
>
15

(b)

(i)
2009 6 30 2008 6 30
0.2
2008
2007
2006
(91.3)
(70.2)
(72.6)
146.7
135.5
114.2
55.4
65.3
41.6
1.3
1.5
(0.4)
2.9
18.4
6.7

(ii)

5.0% 21.0% 2000
12 1
5.0% 15.0%

172.5 2007 138.6 5.4
2007 4.7 1.0 2007 1.1
159 >>>>
>
15

(c)
2007319
2001629
2007711
2003721
2008128
20071127
2008325
200395
2007121
2007
71
2008
630
2008
630
136,220,000
17.756
11,702,100
17,700,800
(2,806,000)
17.756
(4,136,700)
(480,000)
17.756
(958,600)
132,934,000
17.756
24,307,600
118,444,000
17.756
7,622,640
(ii)
3.484
1,480,167
6.986
30,394,000
13,158
2.063
(770,125)
4.428
(68)
6.239
31,117,132
6.056
31,117,132
(iii)
3.711
16.301
24,128,000
0.354
3.711
3.711
(70,000)
16.007
24,058,000
16.007
(iv)
3,300,000
8.622
28,700,000
(2,950,000)
8.660
(200,000)
8.622
28,850,000
350,000
(v)
1.042
6.090
1.028
6.090
6.030
1.163
17.756
0.912
6.710
3.711
20.591
8.440
8.660
0.941
6.090
(i)

(i)
112,300,000 2007 3 19 2012 3 18 5

2007 3 19 2008 3 19 2009 3 19 2010 3 19 2011 3 19
2012 3 18
(ii)
(1) 700,000 2.300 2 1

2 (2) 13,180,000 6.972 3
1 3 5
1 5
35,204,000 2007 8,757,000
5.24 8.07 2007 2.825 6.710
5.26 8.07 2007 2.865 6.710 42% 45%2007 43%
47% 3 5 2007 5 0.83% 1.20%2007
0% 1.33% 2.24% 4.06%2007 3.68% 4.78% 1.5 1.74
2007 1.55 1.74

5
160 >>>>
160
25/10/2008
11:13:09
20 08
>
15

(c)

(iii)
2012 8 21
16.20 16.193 20.60
20.591 5.23 6.49
4.13% 5 46.52%
4.90% 5
(iv)
5 5
8.66 8.44
3.002 2.775 2013 11 2014 2
2.065% 2.920%6
6 39.0% 40.0%
1.5% 6
(v)
2016 5 31
2008 6 30 16.1 0.56
2.7
2008 6 30
7.03%
43.61% 1.21% 5.69
3

(vi)
161 >>>>
161
25/10/2008
11:13:21
>
16
(a)
2008630
0.3
0.7
0.3
0.2
0.1
0.2
0.3
0.3
0.4
0.4
0.3
0.2
0.5
0.2
0.5
21.6
3.1
5.0
3.8
2.8
1.9
0.5
0.8
0.6
0.2
1.2
0.3
0.5
0.4
0.1
10.4
0.5
0.1
0.1
0.2
1.5
0.3
35.8
0.3
0.2
0.1
0.2
0.3
0.3
4.8
6.8
5.2
0.2
0.7
0.2
5.1
4.9
36.3
4.0
2.5
12.8
60.5
2007630
0.3
0.7
0.3
0.2
0.2
0.2
0.3
0.3
0.4
0.4
0.3
0.2
0.5
0.2
0.2
17.3
2.8
4.5
3.5
1.3
1.3
0.4
0.7
0.6
0.1
0.8
0.3
0.4
0.4
0.2
220.4
220.4
1.8
1.8
1.2
1.8
1.8
1.8
2.7
220.4
2.7
1.2
1.8
1.2
0.8
220.7
240.5
2.1
2.0
1.4
2.0
2.1
2.1
6.6
226.4
7.5
1.4
2.3
1.4
2.6
4.7
29.4
3.1
2.1
681.8
721.1
162 >>>>
20 08
>
16

(a)

1.4 2007 1.4

(b)
5 1 2007 3
4 2007 2
2008
2007
41.0
16.3
0.9
0.4
6.7
1.2
48.6
17.9
2008
2007
8,500,001 9,000,000
9,500,001 10,000,000
11,500,001 12,000,000
12,000,001 12,500,000
13,000,001 13,500,000
163 >>>>
>
17
2008
2007
2008
2007
26,252.0
23,145.2
42.0
36.5
666.8
142.5
880.8
253.0
94.2
(449.6)
548.5
1,078.8
4,022.6
1,263.9
8.0
5.5
31,577.9
26,252.0
50.0
42.0
(47.7)
(21.1)
2008 6 30

12,845.3 2007 9,651.5
39

2008
2007
50
10,414.8
8,974.8
10 50
14,091.4
12,155.4
10
118.0
106.0
50
10 50
50
164 >>>>
107.4
100.7
6,846.3
4,915.1
31,577.9
26,252.0
20 08
>
18
2007 7 1
2,879.3
2,144.3
2,465.9
4,972.9
542.3
13,004.7
3.3
194.0
240.0
218.2
5.7
657.9
442.5
26.9
469.4
(14.1)
(6.4)
(46.1)
(66.6)
(298.6)
(6.5)
(305.1)
45(f)
170.5
67.3
625.7
475.4
1,338.9
166.3
166.3
570.5
570.5
77.7
9.7
(87.4)
(0.5)
(21.9)
(0.5)
2008 6 30
(29.1)
(52.0)
4,379.9
2,079.3
2,610.4
5,778.9
935.5
15,784.0
3.3
2007 7 1
961.6
859.5
2,076.5
3,526.4
9.7
7,433.7
3.3
56.9
70.0
136.3
2.6
265.8
(8.1)
(5.5)
(24.1)
(37.7)
45(f)
(125.7)
22.0
28.3
233.9
14.9
67.6
366.7
141.5
90.5
89.9
437.1
759.0
(10.7)
(19.0)
1,165.6
922.4
2,400.3
4,074.6
79.9
8,642.8
3.3
3,214.3
1,156.9
210.1
1,704.3
855.6
7,141.2
2008 6 30
(8.3)
(120.4)
(5.3)
2008 6 30
165 >>>>
>
18
2006 7 1
3,103.0
2,022.1
2,339.9
5,102.6
387.4
12,955.0
3.3
138.3
122.2
110.9
2.6
374.0
2.3
71.7
74.0
(3.9)
(22.7)
(15.1)
(41.7)
28.1
86.3
323.9
208.7
(378.5)
39.9
(0.2)
2007 6 30
(10.0)
(0.8)
(612.7)
(39.9)
(1.4)
647.0
(379.3)
(624.3)
2,879.3
2,144.3
2,465.9
4,972.9
542.3
13,004.7
3.3
844.8
665.9
2,001.8
3,725.2
9.1
7,246.8
3.3
32.8
28.4
72.4
0.6
134.2
(18.0)
(18.0)
2006 7 1
81.1
2.8
83.9
128.5
84.1
74.9
348.0
635.5
(34.7)
(0.6)
(35.3)
(9.8)
(0.2)
(603.4)
(613.4)
2007 6 30
961.6
859.5
2,076.5
3,526.4
9.7
7,433.7
3.3
1,917.7
1,284.8
389.4
1,446.5
532.6
5,571.0
2007 6 30
1,573.6 2007 945.3

39
166 >>>>
166
23/10/2008
7:41:43
20 08
>
19
2008
2007
2008
2007
921.1
644.2
0.5
0.5
2,174.8
625.8
15.5
19.5
10 50
1,831.0
1,169.8
10
8.3
2.6
4,950.7
2,461.9
0.5
0.5
2,461.9
2,480.2
0.5
0.5
109.8
68.8
1,715.3
8.2
385.5
50
10 50
50
(5.7)
72.9
283.3
(34.1)
(3.2)
(1.9)
(67.2)
0.5
0.5
4,950.7
(61.2)
2,461.9

1,578.8 2007 782.0
39
167 >>>>
>
20
783.3
401.2
159.3
15.0
1,358.8
2.6
2.6
1.8
232.3
234.1
200771
2008630
5.9
5.9
323.1
323.1
(5.5)
(401.2)
(4.6)
(411.3)
1,109.4
159.3
12.2
232.3
1,513.2
200771
86.5
401.2
8.1
495.8
7.7
3.5
11.2
(5.5)
(401.2)
(4.6)
(411.3)
2.9
5.2
8.1
83.9
7.7
12.2
103.8
1,025.5
151.6
232.3
1,409.4
2008630
2008630
168 >>>>
20 08
>
20
299.8
401.2
13.0
714.0
2.0
2.0
2006 7 1
9.8
159.3
169.1
473.7
473.7
2007 6 30
783.3
401.2
159.3
15.0
1,358.8
50.2
401.2
4.5
455.9
2006 7 1
3.6
3.6
36.3
36.3
2007 6 30
86.5
401.2
8.1
495.8
696.8
159.3
6.9
863.0
2007 6 30

0% 6%
5.2% 8.6% 100
169 >>>>
>
20

2008
2007
5.9
5.9
154.5
154.5
71.6
71.6
865.1
865.1
625.2
625.2
865.1
160.4
1,025.5
625.2
71.6
696.8
21
2008
2007
1,597.1
4,674.2
24,679.7
23,637.9
26,276.8
28,312.1
37,805.1
37,644.3
64,081.9
65,956.4
(21,205.3)
(24,053.8)
42,876.6
41,902.6
43,158.1
39,827.9

48
170 >>>>
20 08
>
22
2008
2007
2008
2007
3,270.8
1,040.8
2.2
2.2
(a)
140.5
141.5
(b)
(32.9)
(101.3)
3,380.6
1,083.2
7,350.5
7,154.4
1,033.1
739.4
(a)
8,273.5
7,276.4
(2,106.7)
(1,105.0)
14,550.4
14,065.2
5,635.0
4,173.7
132.5
132.5
7,126.2
5,445.4
177.4
228.6
(b)
(a)
(b)
(c)
(476.6)
(713.9)
12,417.1
9,037.7
177.4
228.6
69.7
107.4
30,417.8
24,293.5
177.4
228.6
171 >>>>
>
22

(a)
2008
2007
(i)
4,615.8
4,169.4
(ii)
1,207.7
1,723.2
9,716.7
6,970.7
15,540.2
12,863.3
(iii)
(i)
6.0% 10.0%2007 6.0% 10.0%
(ii)
0.6% 2007 0.6%

(iii)
177.4 2007 228.6

(b)
(c)
(d)
(e)
172 >>>>
2008
2007
14,130.1
7,640.4
3,594.8
1,664.1
27,405.8
22,053.1
26,219.0
18,830.2
(19,062.4)
(16,163.2)
(17,273.0)
(11,611.8)
17,289.4
13,108.3
49
20 08
>
23
2008
2007
2008
2007
889.6
252.5
5,154.2
731.1
183.5
5,467.3
6.8
6.8
6,296.3
6,381.9
6.8
6.8
1,225.8
1,292.2
(a)
(b)
3,229.5
(588.3)
3,148.3
(482.1)
588.3
(56.5)
383.3
(37.3)
2,641.2
2,666.2
531.8
346.0
10,163.3
10,340.3
538.6
352.8
1,602.1
1,882.7
2008
2007
104.7
93.1

(a)
(i)
(ii)
(iii)
(i)
(ii)
136.6
181.9
2,988.2
2,873.3
3,229.5
3,148.3
8.0%2007 6.8% 8.0%

0.6% 2007
0.6%
(iii)
588.3 2007 383.3
12
(b)
173 >>>>
>
23

(c)
2008
2007
4,017.0
4,747.3
962.4
1,325.8
11,525.0
10,136.5
(d)
4,570.9
2,863.8
(5,091.2)
(3,843.5)
(4,708.4)
(2,774.9)
6,296.3
6,381.9
50
24
2008
2007
2008
2007
2,938.6
2,576.7
22.7
27.1
925.1
716.2
893.8
387.5
39.0
39.0
4,796.5
3,719.4
22.7
27.1
174 >>>>
20 08
>
24

2008
2007
2008
2007
33.3
33.3
188.5
74.2
4,535.7
3,572.9
22.7
27.1
29.0
29.0
10.0
10.0
4,796.5
3,719.4
22.7
27.1
2008
2007
2008
2007
2,541.5
2,261.6
10.9
11.2
915.1
281.8
11.8
15.9
674.3
594.0
364.2
364.0
301.4
218.0
4,796.5
3,719.4
22.7
27.1
25
2008
2007
33.4
32.3
175 >>>>
>
26
2008
2007
9,136.3
9,699.6
2,918.8
2,918.1
12,055.1
12,617.7
(880.2)
(1,068.5)
11,174.9
11,549.2
2008
2007
40.8
37.7
4,137.8
3,600.7
95.4
89.4
50
5,052.0
6,290.7
10 50
1,848.9
1,530.7
11,174.9
11,549.2

50
10 50
176 >>>>
20 08
>
27

2008
2007
2008
2007
322.2
108.8
(5,112.1)
(4,106.2)
(6.8)
(5.0)
(4,789.9)
(3,997.4)
(6.8)
(5.0)
(3,997.4)
(3,639.0)
(5.0)
(66.1)
(24.4)
(517.0)
(194.9)
(1.8)
(5.0)
(55.0)
(69.3)
(199.2)
(69.8)
(6.8)
(5.0)
45.0
11
(0.2)
(4,789.9)
(3,997.4)
2008
2007
2008
2007
2008
2007
2008
2007
2008
2007
2008
2007
2008
2007
(1,660.9)
(1,587.9)
(2,229.9)
(1,967.8)
(31.5)
(41.6)
(287.6)
(292.2)
(36.1)
(24.9)
(4,246.0)
(3,914.4)
(31.1)
(13.0)
(26.6)
(9.4)
1.9
(2.5)
(24.3)
(8.3)
0.2
(0.3)
(0.2)
(80.2)
(33.4)
45.0
45.0
(36.6)
(60.0)
(467.0)
(210.7)
7.7
12.6
(194.9)
82.7
(37.8)
0.2
16.3
(728.4)
(159.1)
(42.0)
(42.0)
6.6
6.6
(55.0)
(33.9)
(55.0)
(33.9)
(39.5)
(159.7)
(69.8)
(199.2)
(69.8)
(1,728.6)
(1,660.9)
(2,763.0)
(2,229.9)
(21.9)
(31.5)
(621.5)
(287.6)
(37.6)
(91.2)
(36.1)
(5,263.8)
(4,246.0)
177 >>>>
>
27
2008
2007
2008
2007
2008
2007
2008
2007
2008
2007
2008
2007
25.5
113.7
124.4
0.9
0.2
8.3
6.4
(0.2)
(4.8)
(3.7)
1.8
25.3
(12.5)
(17.1)
13.7
16.9
27.1
25.5
109.5
113.7
16.9
19.7
1.6
58.0
58.0
34.5
73.3
248.6
275.4
4.2
1.5
14.1
9.0
(0.2)
218.3
8.6
(40.3)
211.4
(35.8)
276.3
58.0
47.3
34.5
473.9
248.6
6.8 2007 5.0

8,141.8 2007 8,885.5 683.6
2007 762.7 2013 2007 2012
2008 6 30
10
2007
28
(a)
2007
215.9
21.8
23.9
1,174.5
784.9
35
40.9
47.6
61.1
1,284.8
1,085.8
15(b)(i)
(b)
178 >>>>
2008
20 08
>
28

(a)
2002
70.0% 2,160.0
2004 6

2008 6 30
2,160.0
(b)
2008
2007
1,129.5
711.3
192.7
196.0
1,322.2
907.3
(147.7)
1,174.5
(122.4)
784.9
29
2008
2007
2008
2007
9,968.4
7,076.8
360.9
368.6
8,606.4
6,700.5
796.5
618.2
18,574.8
13,777.3
1,157.4
986.8
1,157.4
986.8
(165.2)
18,409.6
(122.8)
13,654.5
179 >>>>
>
29
2008
2007

50
10 50
1,105.1
9,331.0
1,490.2
7,943.3
50
10 50
6,462.1
1,511.4
1,643.7
2,577.3
18,409.6
13,654.5
10 50
8,479.7 2007 5,674.8
1,157.4 2007 986.8
39
30
2008
2007
2,466.7
4,206.5
2,151.9
3,805.2
6,673.2
(771.5)
5,957.1
(778.7)
5,901.7
5,178.4

50
10 50
22.1
4,362.2
27.8
3,901.6
50
10 50
49.9
1,367.0
100.5
1,052.8
196.2
5,901.7
5,178.4
180 >>>>
20 08
>
30
2,493.9 2007 138.2
39
31
2008
2007
30.8
47.3
376.1
33.7
25.6
216.6
454.2
275.9
32
(a)
(b)
36
2008
2007
2008
2007
6,093.1
1,863.6
11,158.5
2,205.6
390.0
1,331.1
9,219.7
427.0
1,192.3
6,040.3
103.7
108.5
18,897.5
21,023.7
103.7
108.5

(a)
2008
2007
4,671.4
488.5
933.2
10,050.0
357.3
751.2
6,093.1
11,158.5
30
31 60
60
181 >>>>
>
32

(b)

2008 6 30
21,293.0 2007 15,942.2
(c)
(d)
2008
2007
2008
2007
8,072.0
8,654.0
1,815.3
327.2
29.0
14,321.7
5,284.0
821.9
571.4
24.7
103.7
108.5
18,897.5
21,023.7
103.7
108.5
2008 6 30 80% 876.4 2007 942.4

2008
2007
30
226.9
311.7
31 60
105.6
113.7
60
543.9
517.0
876.4
942.4
2008 6 30 244.3 (2007 280.1 243.6

(2007 277.2
2007
30
2.2
0.5
31 60
1.7
0.8
240.4
278.8
244.3
280.1
60
182 >>>>
2008
20 08
>
32

(e)
2008
2007
277.2
292.2
3.5
1.3
75.5
42.3
(11.8)
(10.5)
(100.8)
(48.1)
243.6
277.2
(b)
(f)
33
2008
2007
1,194.4
359.5
54.7
53.1
70.6
174.6
111.9
42.7
9.7
629.9
246.9
1,824.3
246.9
183 >>>>
>
33

2008
2007
87.0
73.5
489.8
102.8
53.1
70.6
1,194.4
1,824.3
246.9
2008
2007
172.0
111.9
1,480.6
122.3
102.2
49.4
32.8
1,824.3
246.9
34

184 >>>>
20 08
>
35
2008
2007
2008
2007
6,993.5
8,013.2
1.2
40.5
677.8
768.8
6,132.6
6,618.1
13,803.9
15,400.1
1.2
40.5
15,400.1
1.2
40.5
(40.9)
13,763.0
0.5% 4.7%2007 0.7% 5.6% 1

365 2007 3 147

2008
2007
2008
2007
4,464.2
4,979.7
1.2
40.5
7,064.2
4,297.5
2,094.8
5,750.5
180.7
372.4
13,803.9
15,400.1
1.2
40.5
39
185 >>>>
>
36
2008
2007
25,991.2
21,119.1
(26,290.4)
(21,336.1)
(299.2)
(217.0)

32
390.0
427.0
41
(689.2)
(644.0)
(299.2)
(217.0)
37
2008
2008
2007
2007
10,000.0
10,000.0
10,000.0
10,000.0
3,692.1
3,692.1
3,639.1
3,639.1
41.6
41.6
52.8
52.8
2.8
2.8
0.2
0.2
3,736.5
3,736.5
3,692.1
3,692.1
1.00
1.00
18.8723 25.4916 20,263,942 21,321,125 2007
186 >>>>
20 08
>
38
200671
37.7
26,335.8
917.2
694.7
18.0
1,269.0
16.7
(20.2)
314.5
21,301.8
49,636.4
(20.2)
1,269.0
170.4
170.4
(42.0)
(33.9)
3.5
(72.4)
635.6
635.6
713.8
713.8
5.2
(3.4)
1.8
95.7
95.7
1,086.0
1,086.0
(588.2)
(588.2)
(15.8)
(15.8)
4,312.9
4,312.9
57.1
(57.1)
857.1
857.1
2006
(732.8)
(732.8)
2007
(553.8)
(553.8)
37.7
26,976.6
128.4
1,548.3
847.5
728.4
1,086.0
1,171.6
24,271.0
56,795.5
37.7
26,976.6
128.4
1,548.3
847.5
728.4
1,086.0
1,171.6
23,342.7
55,867.2
928.3
928.3
37.7
26,976.6
128.4
1,548.3
847.5
728.4
1,086.0
1,171.6
24,271.0
56,795.5
2007630

2007630
2007
187 >>>>
>
38
200771
37.7
26,976.6
128.4
1,548.3
847.5
728.4
1,086.0
1,171.6
24,271.0
56,795.5
207.7
207.7
34.2
34.2
(176.3)
(176.3)
(55.0)
(55.0)
884.4
884.4
147.5
147.5
28.1
63.8
(35.7)
(5.2)
5.2
125.1
125.1
(29.1)
(29.6)
(58.7)
9,674.4
9,674.4
46.7
(46.7)
30.5
2,565.9
2,596.4
2007
(928.3)
(928.3)
2008
(672.6)
(672.6)
37.7
27,924.8
128.4
1,558.9
990.2
835.0
1,116.5
3,707.9
32,303.0
68,602.4
37.7
27,924.8
128.4
1,558.9
990.2
835.0
1,116.5
3,707.9
31,363.4
67,662.8
939.6
939.6
37.7
27,924.8
128.4
1,558.9
990.2
835.0
1,116.5
3,707.9
32,303.0
68,602.4
2008630

2008630
2008
188 >>>>
20 08
>
38
37.7
26,335.8
17.9
11,837.1
38,228.5
635.6
635.6
707.2
707.2
5.2
(1.4)
3.8
(1.4)
(1.4)
675.3
675.3
2006
(732.8)
(732.8)
2007
(553.8)
(553.8)
37.7
26,976.6
16.5
705.8
11,225.8
38,962.4
37.7
26,976.6
16.5
705.8
10,297.5
38,034.1
928.3
928.3
37.7
26,976.6
16.5
705.8
11,225.8
38,962.4
37.7
26,976.6
16.5
705.8
11,225.8
38,962.4
884.4
884.4
68.7
68.7
2006 7 1
2007 6 30
2007 6 30
2007
2007 7 1
63.8
(16.9)
46.9
(2.9)
2.9
(4.4)
(4.4)
1,630.5
2007
(928.3)
(928.3)
2008
(672.6)
(672.6)
37.7
27,924.8
12.1
754.7
11,258.3
39,987.6
37.7
27,924.8
12.1
754.7
10,318.7
39,048.0
939.6
939.6
37.7
27,924.8
12.1
754.7
11,258.3
39,987.6
2008 6 30
1,630.5
2008 6 30
2008
189 >>>>
>
39
2008
2007
2008
2007
14,916.9
12,393.3
14,826.5
12,371.1
(b)
0.1
8,248.8
7,550.7
562.6
658.4
38,554.8
32,973.6
(7,193.0)
(4,580.1)
31,361.8
28,393.5
475.5
1,142.9
2,092.6
5,967.9
8.8
173.3
52.1
27.9
26.9
1,867.5
1,449.4
4,608.9
8,612.3
36.7
26.9
7,193.0
4,580.1
11,801.9
13,192.4
36.7
26.9
43,163.7
41,585.9
36.7
26.9
(c)
(d)
(d)

(a)
2008
2007
9,761.1
11,690.8
5,508.7
5,479.6
14,823.0
10,435.2
2,218.7
4,269.6
32,311.5
31,875.2
35
5
190 >>>>
20 08
>
39

(b)
(c)
2008
2007
0.1
0.1
6,000.0 2014 (i)

2,800.0 2012 (ii)
(i)
2008
2007
5,427.7
2,821.1
5,116.5
2,434.2
8,248.8
7,550.7
2007 6 4 6,000.0
1.00
26.784 2007 7 16 2014 5 25

2012 6 4
2014 6 4 128.3716%

2008 6 30
9.5%20076.5% 4,426.4 20074,948.5

6.1%
191 >>>>
>
39

(c)
(ii)
2007 6 2,800.0
0.1
8.044 2007 6 26 2012 5 26
1 0.9848

2010 6 11 2010 6 11
102.27%
2012 6 11 103.81%

2008 6 30
8.8%20074.9% 2,374.4
2,089.5
20072,344.1 2,297.2
4.1%
(d)
171.6 2007 228.5 5.0% 10.0% 2007

5.0% 10.0% 562.6 2007658.4
12
(e)
2008
2007
2.7%
6.4%
2.2%
7.1%
5.8%
7.8%
3.3%
5.2%
7.5%
4.6%
6.2%
5.8%
6.6%
(c)
(f)
2008 6 30 (c)

192 >>>>
24c Notes 82525-03N.indd
192
25/10/2008
11:13:50
20 08
>
39

(g)
2008
2007
2008
2007
35,232.5
7,153.2
778.0
35,307.1
6,050.6
228.2
36.7
26.9
43,163.7
41,585.9
36.7
26.9
(h)
2008
1
5
5
2007
1
5
5
32,311.5
173.3
0.5
34.0
137.1
32,485.3
34.0
137.1
8.8
27.9
36.7
32,311.5
173.3
171.6
32,656.4
8.8
27.9
36.7
31,875.2
52.1
85.5
143.0
0.1
31,927.4
85.5
143.0
26.9
26.9
31,875.2
52.1
228.5
0.1
32,155.9
26.9
26.9
40
2008
2007
173.1
50.6
238.0
163.3
42.0
163.2
461.7
368.5
193 >>>>
>
41
(a)
36
(b)
2008
2007
2008
2007
12,529.0
689.2
586.0
6,852.0
8,716.8
644.0
989.6
8,121.8
1,160.5
1,003.0
20,656.2
18,472.2
1,160.5
1,003.0

(a)
2008
2007
30
6,071.0
3,468.1
31 60
586.6
580.2
60
2,204.3
1,857.1
8,861.9
5,905.4
3,667.1
2,811.4
12,529.0
8,716.8

(b)
672.6 2007553.8
(c)
194 >>>>
2008
2007
2008
2007
1,003.0
13,094.1
13,003.0
1,160.5
5,295.9
4,882.9
2,057.9
232.0
129.4
250.0
78.9
104.3
20,656.2
18,472.2
1,160.5
1,003.0
20 08
>
42
2008 6 30
39.0
39.0
1,863.6
3,105.8
4,930.3
7,404.9
46.0
790.9
7.1
53.1
1,863.6
3,105.8
13,126.1
9,899.7
7,404.9
836.9
46.1
18,187.6
2,438.7
7,322.4
23,152.8
7,646.4
40,560.3
3,547.8
56.9
3,604.7
3,547.8
2,495.6
7,322.4
23,152.8
7,646.4
44,165.0
2007 6 30
10.0
29.0
39.0
2,205.6
2,042.4
5,562.1
9,069.2
54.6
16.0
70.6
2,205.6
2,042.4
14,631.3
9,810.1
9,069.2
54.6
26.0
29.0
18,988.9
7,465.5
4,225.4
18,349.0
9,386.1
39,426.0
2,617.6
95.5
2,713.1
2,617.6
7,561.0
4,225.4
18,349.0
9,386.1
42,139.1
195 >>>>
>
43
(a)
2008
2007
2008
2007
940.0
393.8
55.0
55.0
2,702.3
49.7
56.8
1,610.2
35.8
3,748.8
2,039.8
55.0
55.0
33.2
108.0
111.9
108.0
141.2
219.9
1,189.4
374.4
911.2
143.6
1,563.8
1,054.8
196 >>>>
196
25/10/2008
11:14:08
20 08
>
43
(b)
1
25
5
2008
2007
2008
2007
362.3
1,289.7
3,675.3
257.6
870.9
2,503.5
5,327.3
3,632.0
1 25

(c)
1
25
5
2008
2007
2008
2007
841.3
659.9
6.7
5.9
1,085.9
873.0
14.6
0.5
654.8
656.9
2,582.0
2,189.8
21.3
6.4
1 6
197 >>>>
>
44
2008
2007
2008
2007
995.6
398.4
19,216.6
26,312.0
2,936.0
3,451.6
69.5
69.5
179.5
522.0
125.0
55.0
59.2
4.2
6,000.0
6,000.0
56.2
70.6
2,210.2
2,069.1
7,389.5
6,934.4
6,432.5
6,570.9
32,800.6
39,320.1
198 >>>>
198
25/10/2008
11:14:24
20 08
>
45
(a)
2008
2007
9,882.2
4,035.6
759.0
635.5
208.0
169.5
(4,022.6)
(1,263.9)
(0.8)
(13.8)
(126.0)
(64.8)
(129.5)
(11.1)
(1.1)
(7.8)
(1,695.3)
(125.7)
(40.4)
25.3
(203.9)
(18.6)
(50.5)
(9.1)
(47.4)
(122.8)
(81.0)
(9.6)
368.6
83.9
8.1
36.3
34.2
12.0
9.5
189.1
144.3
32.7
6.2
8.3
(109.8)
(52.3)
186.0
713.8
5,159.6
4,180.7
(179.0)
(49.7)
(4,623.0)
(4,376.1)
1,757.1
(6,870.5)
(1,063.4)
329.0
2,385.3
(143.2)
(5,682.9)
5,155.7
(2,246.3)
(1,774.1)
199 >>>>
199
25/10/2008
11:14:24
>
45
(b)
2008
2007
880.8
469.4
385.5
1,032.6
6.2
68.1
19.7
(65.5)
(199.2)
(301.1)
(499.9)
29.9
74.0
169.1
3.0
141.8
350.0
3,327.9
87.3
2,371.4
430.7
(3,374.7)
(41.3)
(69.8)
(1,733.4)
(596.2)
1,826.5
1,139.8
(892.3)
(187.3)
(288.9)
934.2
5.9
(115.3)
663.6
(3.7)
824.8
659.9
642.2
182.6
659.9
824.8
659.9
200 >>>>
200
25/10/2008
11:14:24
20 08
>
45
(c)
2008
(d)
2007
(642.2)
19.7
(659.9)
430.7
(622.5)
(229.2)
2008
2007
28.9
23.7
5.7
0.4
256.8
605.5
6.9
6.9
70.8
7.9
68.6
88.7
(352.3)
(170.0)
(0.4)
(10.0)
(11.9)
(56.8)
(45.0)
(70.1)
(7.5)
252.2
194.6
(41.5)
(23.2)
47.4
122.8
234.9
317.4
234.9
305.6
1.1
10.7
234.9
317.4
201 >>>>
>
45
(e)
(f)
2008
2007
234.9
305.6
(68.6)
(88.7)
166.3
216.9
2008
2007
179.4
938.2
0.2
1.0
29.4
(21.3)
(202.7)
(66.3)
(23.6)
834.3
(824.0)
(10.3)
(g)
(h)
2008
2007
29.4
54,500,000 Ichiban Properties

Limited Ichiban Higrade Properties LimitedHigrade 46(d)
202 >>>>
20 08
>
46
(a)
2007 6 30 Success Concept Investments Limited SCI 50.0%

51.0%
2007 7 30 133.6 SCI 30.0%
SCI SCI

133.6
3.6
137.2
137.2
584.8
584.8
0.9
0.9
1.7
1.7
(1.6)
(1.6)
(118.2)
(118.2)
467.6
467.6
(330.4)
137.2
2008 6 24 SCI SCI SCI
203 >>>>
>
46
(b)
2007 9 64.0% New World Hotels Corporation LimitedNWHC

Quick Wealth Investments Limited Quick Wealth 50.0% 276.1
NWHC 100% Quick Wealth Quick Wealth
276.1
314.5
(38.4)
469.4
539.0
385.5
8.5
6.2
6.2
2.2
2.2
15.4
15.4
(63.9)
(63.9)
(301.1)
(301.1)
(105.5)
(105.5)
(100.3)
(100.3)
307.9
105.5
(98.9)
314.5
0.5
34.8 11.3
2007 7 1 20.0
6.4
204 >>>>
20 08
>
46
(c)
20079 64.0% Howell Enterprises Inc Right Choice International Limited

Right Choice 27.5% 228.9 65.0% Right
Choice Right Choice

228.9
223.0
5.9
880.8
722.9
65.0
65.0
2.6
(276.2)
(39.5)
632.7
2.6
(276.2)
514.3
(75.6)
(334.1)
223.0
29.4 184.8
2007 7 1 10.8 0.7
205 >>>>
>
46
(d)
2007 8 28 64.0%
00068
54,500,000 182.6 50.0% Ichiban
20.0% Higrade
50.0% Ichiban
Ichiban 72.0% Renaissance Riverside Hotel
Saigon Club Royale

182.6
259.5
(76.9)
447.8
235.5
(59.4)
388.4
206 >>>>
(128.9)
259.5
235.5
20 08
>
47

2008
2007
(a)
927.9
701.7
(b)
438.1
373.2
(c)
60.9
(d)
6.5
8.6
(b)
2.7
5.6
(a)
51.9
(d)
65.1
15.6
(e)
69.4
92.1
292.4
113.0
(f)

(a)
(b)
22(a) 23(a)
(c)
(d)
(e)
(f)
(g)
22 23
(h)
16

207 >>>>
>
48
2008 6 30
#
(%)
1
1
1
1
1
1
1
1
100
1
1
1
1
100
100
1
1
1
1
1
1
1
10
10,000
10,000
10
1
1
1
100
100
100
1
100
1
1
100
1
1
10
10
100
1
100
100
1
10
1
1
1
40
100
100
100
100
75
100
100
100
100
100
100
100
56
56
51
100
100
100
57
100
100
100
84
84
51
57
57
100
70
57
57
57
100
100
75
57
57
100
57
100
100
100
57
57
83
57
70
100
57
57
57
57
57
100
70
57
57
100
100
100
64
100
auto22.com Limited
Birkenshaw Limited
Blanca Limited
Bright Moon Company Limited
Calpella Limited
208 >>>>
9,998
21
100
2
2
2
1
2
40
2
5,000,000
10,000
100
230,000
20,0001
1
950,001
1,000,000
4,998
21
10,000
10,000
200
2
3,0001
2
15,000,000
2
10,000
30,000
10
160,0001
1,000,000
100
100
1
1,000
8,500,000
1,500,0001
766,714
233,2881
10,000
10,000
8,402
11,6001
5,000
2
1
1,000
9,0002
20 08
>
48
2008 6 30
#
1,000
2
2
40,000
10,0001
400,000
600,0001
Hip Hing-Leader JV Limited
10,000

3
11
33,400,000
1,980,000
20,0001
100,000
968,153,000
11,481,580
100
450,000
95,5001
Joint Profit Limited
2
10,000
300

2
21
2
1,0021
5,000,000
20,000,000
1,800
2001
Loyalton Limited
2
30,000
10,720
18,750,000
100
1
40,000,002
704,0001
2
2
2
(%)
100
1
1
1,000
1,000
100
100
1
1
1
5
10
10
10
1
1
1
10
10
1
1
1,000
1,000
1
1
100
100
1
1
1
100
1
1
10
1
1,000
1
1
100
100
100
100
100
100
100
100
100
100
100
57
57
57
57
38
57
57
100
57
57
52
100
57
100
56
48
100
100
100
100
57
57
57
57
57
57
100
100
70
100
100
57
65
52
1
1
1
1
1
1
1
100
100
100
100
100
57
57
100
100
70
209 >>>>
>
48
2008 6 30
#
72
72
2
21
200,000
100
1001
1,000
9,0002
40,000,000
1
576,000,000
100,000
2
2
2
1
1
1
100
100
100
1
1
1
1
0.25
1
1
100
1
1
100
100
100
100
100
70
100
100
57
64
64
100
64
49
64
57
100
100
100
100
10,000
9,999,998
21
200
2
1
1
1
1
10
100
45
100
100
100
100
670,000
12
NWD Finance Limited
2

2
NWS Holdings (Finance) Limited
1
10,000
10,000
18,057,780
500,0201
2
100,0001
100
1
1
1
1
1
1
1
1
1
10
10
100
100
100
57
100
57
57
100
100
100
57
48
57
57
1
1
1
1
1
1
1
1
1
100
100
100
100
100
100
100
57
100
100
100
100
New World Tower Company

Limited
Pontiff Company Limited

Pridemax Limited
Richglows Limited
Super Memory Limited
210 >>>>
(%)
10,000,000
2
2
2
100
2
10
2
100
20 08
>
48
2008 6 30
#
(%)
10,000
80
2
2
10
1
100
57
1
1
1
1
1
100
100
100
1
1
1
3
80
80
57
57
57
57
100
57
57
57
38
57
400,000
20,000
2
2
2
2
4,000,000
100
1,000
1
1
1
1
10
100
100
100
100
57
57
100
100
100
100
57
3,834,502,332
1,686,145,000
952,180,007
1,323,943,165
0.10
0.10
1
0.10
66
72
6,988,016
100
10,000
4,998
21
4,998
21
200
2
2,5001
10,000,000
49,995,498
4,5021
20,000,004
80
70
72
100
57
New World International

Development Philippines, Inc
#
27
211 >>>>
>
48
2008 6 30
(%)
50,000,000
13,000,000
100,000,000
64
70
83
99,500,000
58,000,000
37,500,000
14,500,000
51
62
70
85
52,923,600
60,000,000
99,200,000
64,000,000
82,400,000
63,800,000
96,000,000
140,000,000
220,000,000
200,000,000
244,000,000
100,000,000
286,000,000
81,550,000
126,000,000
50,000,000
100
100
53
17
34
40
40
34
34
100
100
70
70
70
63
85
72
57
212 >>>>
20 08
>
48
2008 6 30
(%)
40,000,000
50,000,000
250,000,000
29,980,000
12,000,000
5,500,000
700,000,000
130,000,000
40,000,000
50,000,000
40,262,068
49,750,000
97,720,000
5,000,000
40,000,000
150,000,000
641,590,000
30,000,000
18,000,000
50,000,000
42,000,000
49,000,000
56,000,000
30,000,000
201,520,000
27,880,000
70
72
77
70
64
70
70
100
70
72
72
70
63
72
72
57
49
72
72
72
53
51
51
72
70
72
213 >>>>
>
48
2008 6 30
(%)
550,000,000
100,000,000
182,000,000
5,000,000
30,000,000
4,500,000
15,630,000
2,830,000
41,910,490
50,000,000
5,000,000
72,000,000
5,000,000
100
100
70
72
72
70
72
70
72
72
72
57
57
25,000
100,000
25,000
25,000
1,000,000
100,000
57
57
57
57
57
57
214 >>>>
20 08
>
48
2008 6 30
#
(%)
2,057,626,809
655,799,699
1
0.1
1
100
100
1
10,000
1
10,000
1
100
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
100
57
70
82
70
100
100
100
70
100
70
100
100
70
1
1
1
1
100
100
64
1
1
1
1
1
1
100
100
100
100
1
50,000,000
1
1
1
1
100
57
57
57
2
1
1
1
2
101
1
100
1
200
1
1
1
1
2
1
1
10,000
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
100
100
100
100
100
100
57
57
57
57
57
100
100
64
70
42
100
100
100
70
100
100
70
70
1
1
1
10
1
1
1
1
80
57
33
Beauty Ocean Limited

China Step Limited
Eddington Holdings Limited
Ever Brisk Limited
Fine Reputation Incorporated
Fotoland Limited
Hing Loong Limited
Lotsgain Limited
Magic Chance Limited
Melowell Investment Limited
New World China Land Finance

Limited
New World Hotels (Corporation)

Limited
New World Telephone

International Limited
NWS Financial Management

Services Limited
NWS Infrastructure Bridges
Limited
NWS Infrastructure Power Limited

NWS Infrastructure Roads Limited
NWS Infrastructure Water Limited
Park New Astor Hotel Limited

Power Palace Group Limited
Radiant Glow Limited

Right Choice International Limited
Sea Walker Limited
Sherson Limited
South Scarlet Limited
Steadfast International Limited

Super Best Development Limited
Teddy Bear Kingdom Holdings

Limited
True Blue Developments Limited
Twin Glory Investments Limited
Upper Start Holdings Limited
Winner World Group Limited
70
70
100
80
215 >>>>
>
49
2008 6 30
(%)
3,500,000
26
2,800,000,000
13
924,000,000
20
80,000,000
52
19,900,000
37
436,000,000
31
384,040,000
29
580,000,000
14
225,400,000
49
171,840,000
49
12,000,000
39
57,200,000
49
330,000,000
42
79,597,000
44
24,000,000
42
19,255,000
37
216 >>>>
20 08
>
49
2008 6 30
(%)
8,000,000
42
139,980,000
19
34,400,000
29
80,000,000
44
12,000,000
49
81,000,000
33
80,000,000
42
12,000,000
49
93,688,000
51@
99,400,000
51@
99,092,000
51@
85,468,000
51@
99,368,000
51@
92,016,000
51@
87,300,000
51@
99,388,000
51@
96,624,000
51@
99,448,000
51@
99,316,000
51@
90,472,000
51@
89,028,000
51@
89,392,000
51@
60,000,000
23
96,000,000
42
13,500,000
42
10,400,000
26
217 >>>>
>
49
2008 6 30
#
(%)
900
33
100,000A
32
45
54,918*
100
100
10,000
26
30,000,000
50
200,000
0.05
15
1,000,000
27
100
29
Gloryland Limited
900
33
1,000
30
32
20,000B**
Istaron Limited
100
45
Newfoundworld Holdings Limited
200,000
10
20
Newfoundworld Limited
200,000
10
20
10,000
50
29
10,000
50
50
50
100
29
1,100,000
0.01
17
52,000A
52,000B
57
26,000C
30
40
600,000,000*

218 >>>>
20 08
>
49
2008 6 30
#
(%)
16,950,000
27
20,820,000
41
990,000,000
14
420,000,000
29
50
Holicon Holdings Limited
Jaidan Profits Limited
50
Jorvik International Limited
50
Orwin Enterprises Limited
50
1,134
71
29
New World Liberty China

Ventures Limited
NWS Transport Services Limited
100**
500,000,016
Great Union Properties Sdn. Bhd.
38
0.10
38
9,500,000
33
1,850,680'A'
100
3,559,000'B'
100
57
1,708,320'C'
100
100,000,000
10,000,000^
T & T Properties Sdn. Bhd.
**
^
219 >>>>
>
50
2008 6 30
#
(%)
1,200,000
64
500A
10
500B
10
9,000C**
10
1,000
40
40
100
100
50
50
1,000,000
35
Estoree Limited
100
50
1,000
20
200,000
100
29
100
10
1,000A
100
29
450B
10
64
550C
10
50
Pure Jade Limited
50
50
8,000,000
21
150,000
100
24
200,000
1,000
13
Ploenchit Arcade Company

Limited
220 >>>>
20 08
>
50
2008 6 30
(%)
300,000,000
14
35
100
28
100
32
50
50
7,001
14
1,127,295,000
108,500,000
31
1,145,000,000
10
818,300,000
14
East Asia Secretaries (BVI)

Limited
Newton Asia Limited

Tricor Holdings Limited
CSL New World Mobility Limited
821,408,494
0.10
13
1,100,000,000***
0.01
0.3163
24
655,886,331
**
***
793,124,034
0.10
15
221 >>>>
>
630
2008
2007
2006
2005
2004
29,360.8
23,284.5
23,910.2
19,539.2
25,653.0
9,882.2
4,035.6
1,786.5
3,223.3
(2,978.0)
(265.1)
(355.5)
(573.8)
(338.5)
(792.3)
4,557.2
2,989.9
2,293.0
1,631.8
2,341.3
14,174.3
6,670.0
3,505.7
4,516.6
(1,429.0)
(1,444.0)
12,730.3
5,767.5
2,613.1
4,001.3
(2,409.2)
(3,055.9)
(1,454.6)
(1,553.3)
(1,298.6)
1,433.0
9,674.4
4,312.9
1,059.8
2,702.7
0.18
0.15
0.13
0.10
0.02
0.25
0.25
0.20
0.20
0.04
0.43
0.40
0.33
0.30
0.06
2.59
1.17
0.30
0.78
(0.35)
2.48
1.17
0.30
0.78
(0.35)
(902.5)
(892.6)
(515.3)
(980.2)
(976.2)
222 >>>>
20 08
>
630
2008
2007
2006
2005
2004
1,409.4
863.0
258.1
110.2
79.3
43,669.8
34,284.9
31,333.6
29,343.0
33,897.6
59,387.3
51,129.3
44,899.8
41,825.3
36,403.5
61,161.7
57,821.9
37,669.1
40,686.7
40,761.8
165,628.2
144,099.1
114,160.6
111,965.2
111,142.2
3,736.5
3,692.1
3,639.1
3,491.6
3,457.3
67,662.8
55,867.2
48,903.6
46,710.2
50,809.4
939.6
928.3
732.8
698.3
138.3
72,338.9
60,487.6
53,275.5
50,900.1
54,405.0
22,467.2
17,996.2
16,089.0
14,859.2
13,797.4
94,806.1
78,483.8
69,364.5
65,759.3
68,202.4
33,886.5
32,747.1
25,330.5
29,886.2
20,148.2
36,935.6
32,868.2
19,465.6
16,319.7
22,791.6
165,628.2
144,099.1
114,160.6
111,965.2
111,142.2
223 >>>>
>
HIBOR
7 1 6 30
1,000
20
CJV
EJV
IP
JCE
WFOE
224 >>>>
2008
27 Inside Back 82525-03N.indd
22/10/2008
17:58:16
cover & back_C.ai 22/10/2008 17:48:03
CM
MY
CY
CMY

Ar 2008 C

Cargado por

Información del documento

Título original

Derechos de autor

Formatos disponibles

Compartir este documento

Compartir o incrustar documentos

Opciones para compartir

¿Le pareció útil este documento?

¿Este contenido es inapropiado?

Copyright:

Formatos disponibles

Ar 2008 C

Cargado por

Copyright:

Formatos disponibles

cover & back_C.

CSL New World Mobility Group (23.6%)

03 Corporate Structure 82525-03N.indd

07a 82525-03N BR_Property.indd

07c 82525-03N BR_Service.indd

Tricor 2007 2008

07c 82525-03N BR_Service.indd

CSLNWM 23.6% 2008 6 30

CSLNWM 4.7% 63.95

Mercury Awards 2007

588.0 3.6 2008

CSL New World Mobility Group

218% 4,022.6 2008

13 Corporate Info 82525-03N.indd

217 219 222 1

14 Project Summary 82525-03N.indd

14 Project Summary 82525-03N.indd

14 Project Summary 82525-03N.indd

DPMS, LLD(Hon), DBA(Hon), DSSc(Hon), GBM83

BA, MBA, DBA(Hon), LLD(Hon), GBS 61

45.5 2007 50.6

1993 8 5 Hotel Property Investments (B.V.I.) Limited HPIRenaissance Hotel

Long Vocation Investments Limited

Asia Leisure Development Co Ltd

Bermuda Investments Limited

Greenwich Investors Limited

Cheng Yu Tung Family

CYTFH Centennial 51% Centennial

JPMorgan Chase & Co.

JPMorgan Chase & Co.

1995 8 29 Renaissance Hotel Group

Real Reward Limited

Keep Silver Ichiban Properties Limited Ichiban

Keep Silver Higrade Properties Limited Higrade 20

Diamond Way Higrade

17 Report of the Dir 82525-03N.indd

17 Report of the Dir 82525-03N.indd

(3) (4) (8) (11)

Dragon Fortune Limited

500,000 2007 7 11 2008 6 12

5 2007 3 19 2008 3 19 2009 3 19 2010 3 19 2011 3 19

3 2008 2 8 2009 2 8 2010 2 8 2011 2 7

110,400 2007 8 23 2008 6 12

2007 6 14 2007 10 17 2007 12 28 2008 4 22

2001 12 6 2001 2003 3

40.0% 2008 8 21 2012 8 20 60.0% 3 2009 8 21

2 2004 7 21 2005 7 21 2008 7 20

3 2004 1 21 2004 7 21 2005 7 21 2008 7 20

40.0% 2008 8 21 2012 8 20 60.0% 3 2009 8 21

3.711 3.709 2008 6 18

16.2 16.193 2008 6 18

20.6 20.591 2008 6 18

16.2 16.193 20.6

5 2008 11 27 2009 11 27 2010 11 27 2011 11 27 2012 11 27

5 2008 11 27 2009 11 27 2010 11 27 2011 11 27 2012 11 27

5 2009 3 25 2010 3 25 2011 3 25 2012 3 25 2013 3 25 2014

8.66 8.44 3.002

6,064.8 2007 6,167.6 0.6%

23 Con Cash Flow 82525-03N.indd

23 Con Cash Flow 82525-03N.indd

24a Notes 82525-03N.indd

24a Notes 82525-03N.indd

24a Notes 82525-03N.indd