Page 84 - Hang Lung Properties 2012 Annual Report

ϋ๐ܓл
Profit for the Year
26,000
24,000
6,000
4,000
12,000
10,000
8,000
16,000
14,000
20,000
22,000
18,000
2,000
0
$8,920
million
ಥ࿆ϵຬʩ
HK$ million
ਿ͉๐л
Underlying profit
يุࠠПԨ
ϔৰ჈ַ೼ධ
ʿڢછٰᛆू
ʘᅂᚤ
Effects of
revaluation,
net of deferred
tax and
non-controlling
interests
ڢછٰᛆू
Non-controlling
interests
2008/
2009^
2009/
2010^
2010/
2011^
7-12/
2011*
2011# 2012
ӊٰ༟ପଋ࠽
Net Assets per Share
׵ɤɚ˜ɧɤɓ˚
At December 31
ಥ࿆
HK$
30
15
10
20
5
25
0
2008 2009 2010 2011 2012
$27.7
͉ණྠ׵ɚཧɓɚϋɤɚ˜ɧɤɓ˚ٙ༟
͉וዄᐼᕘމಥ࿆ɧϵ̬ɤɞᄂɖɷɓϵ
ຬʩfϤוዄ˴ މࠅ ʕ਷lzήٙ೯࢝ධͦ
˸ɛ͏࿆ࠇᄆٙɺήձܔጘϓ͉f
࿚Їɚཧɓɚϋɤɚ˜ɧɤɓ˚˟ϋ ܓ
lzdණྠ࣬ኽʕಂୃኽࠇྌΥ΍೯Бəᐼ
ᕘ༺ಥ࿆ʞɤɖᄂɘɷɘϵຬʩٙɤϋಂ
֛ࢹවՎdୃࠦлଟӊϋʧ˷ɧᓃʞʞ᩶
Ї̬ᓃɖʞ᩶f೯БවՎה੻ಛධ˴ ࠅ͜
׵Ꮅᒔ௅ʱ೵ಂვБ൲ಛf
ʕಂୃኽࠇྌ͉݊ණྠ ڗಂৌਕ၍ଣഄଫ
ٙɓ௅ʱdᔟ˸ίვБ൲࠾ ˸̮ᄣ̤̋ɓ
ࡈවਕፄ༟ಬ༸fҪ౥ତࣛවՎ̹ఙٙ৷
ݴਗ׌ձЭлଟഃлλΪ९dණྠீཀ೯
БවՎᘪණ֛ࢹڗಂවਕd މҢࡁί၍ଣ
Total capital commitments of the Group as at December 31, 2012
amounted to HK$34,871 million. Those commitments were mainly
RMB denominated land and construction costs in respect of projects
under development on the Mainland.
During the year ended December 31, 2012, the Group issued in total an
equivalent of HK$5,799 million 10-year fixed rate bonds with coupon
rates ranged from 3.55% to 4.75% per annum through the Medium
Term Note (MTN) Program. Proceeds from the bond issue were mainly
used to repay some short-term bank borrowings.
The MTN Program is part of the Group’s long-term financial management
strategy to add an alternate source of debt financing to bank borrowings.
Leveraging on the prevailing favorable bond market conditions like high
liquidity and low interest rates, raising fixed rate and longer term debts
through bond issues provided the Group with more financial flexibility
^ ࿚Їʬ˜ɧɤ˚˟ৌ݁ϋ ܓ
* ͟׵ৌ݁ϋ ܓϋഐ˚͟ʬ˜ɧɤ˚һҷމɤɚ˜ɧ
ɤɓ˚dϤৌ݁ಂ଄ႊ࿚Їɚཧɓɓϋɤɚ˜ɧɤ
ɓ˚˟ʬࡈ˜
# ࠠΐ͟ɚཧɓɓϋɓ˜ɓ˚Їɚཧɓɓϋɤɚ˜
ɧɤɓ˚˟ɤɚ ࡈ˜
^ Financial years ended June 30
* 6-month period ended December 31, 2011, due to the change of financial year end
date from June 30 to December 31
# Restated to 12-month period covering from January 1, 2011 to December 31, 2011
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