中期報告 2014/2015

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2 中期報告 2014/2015

3 2,347,000,000 2,313,000, ,000,000 92,000, % 1,776,000,000 17% 98,000, ,000, ,000,000 9, , ,000, ,000,000 30, , 中期報告 2014/2015 2

4 41, ,171 62, ,000,000 3,000,000 21,000,000 30,000,000 75% Tides Holdings II Ltd. 14A.37 3 中期報告 2014/2015

5 1,547,000,000 1,551,000,000 5,694,000,000 5,277,000,000 2,602,000,000 2,482,000,000 1,195,000,000 1,538,000, ,000, ,000, ,000, ,000, ,000,000 1, 中期報告 2014/2015 4

6 14 A4.1 A 中期報告 2014/2015

7 XV (1) 中期報告 2014/2015 6

8 336 5% Blackstone Group Management L.L.C. (1) 655,999, Blackstone Holdings IV GP L.P. (1) 655,999, Blackstone Holdings IV GP Management (Delaware) L.P. (1) 655,999, Blackstone Holdings IV GP Management L.L.C. (1) 655,999, Blackstone Holdings IV L.P. (1) 655,999, Blackstone Real Estate Associates Asia-NQ L.P. (1) 655,999, Blackstone Real Estate Partners Asia Holding (NQ) L.P. (1) 655,999, Blackstone Real Estate Partners Asia-NQ L.P. (1) 655,999, BREP Asia Holdings (NQ) Pte. Ltd. (1) 655,999, BREP Asia-NQ L.L.C. (1) 655,999, Schwarzman Stephen A. (1) 655,999, The Blackstone Group L.P. (1) 655,999, Tides Holdings I Ltd. (1) 655,999, Tides Holdings II Ltd. 655,999, Canada Inc. 73,044, Air Canada Pension Master Trust Fund (2) 73,044, Tides Holdings II Ltd. 655,999, Canada Inc. 73,044, ,000,000 The Blackstone Group L.P. 60% 7 中期報告 2014/2015

9 3 2,347,230 2,312,796 (1,980,519) (2,010,223) 366, , ,777 14,950 (23,052) (27,893) (26,958) (43,088) 30,834 2,375 (4,722) (11,035) (8,118) (11,756) 2, , ,907 6 (139,807) (133,047) 213,665 95, ,259 91,505 28,406 4, ,665 95, 中期報告 2014/2015 8

10 213,665 95,860 22,683 32,028 22,683 32, , , , ,889 28,571 4, , ,888 9 中期報告 2014/2015

11 9 391, , , , , ,290 2,750 7, ,350 1,350 1,260 1,250 56,871 34,572 2,078,825 1,762, , ,669 15,104 13, , , , , , ,797 69,967 74,742 2,481 2,749 1,097,684 1,106,219 92,484 3, , ,688 3,615,556 3,514, , ,075 52,675 37,753 2,113 4, , ,788 86, , , , , ,846 2,420,810 1,976,254 1,194,746 1,538,227 3,273,571 3,300,530 中期報告 2014/

12 3,273,571 3,300, , , , , , ,253 2,760,158 2,711, ,466 87,466 2,514,814 2,394,504 2,602,280 2,481, , ,307 2,760,158 2,711, 中期報告 2014/2015

13 87, ,861* * 5,050* 239,963* 1,585,630* 2,481, ,307 2,711, , ,259 28, ,665 22,518 22, ,683 22, , ,777 28, ,348 (100,000) (100,000) 7 (87,467) (87,467) (87,467) 31,220 (31,220) 87, ,861* * 36,270* 262,481* 1,652,202* 2,602, ,878 2,760,158 87, , , ,783 1,440,319 2,338,559 31,410 2,369,969 91,505 91,505 4,355 95,860 31,384 31, ,028 31,384 91, ,889 4, , ,539 (819) 2,920 2,920 (43,633) (43,633) (43,633) 87, ,861 5, ,167 1,488,191 2,420,735 36,409 2,457,144 * 2,514,814,000 2,394,504,000 中期報告 2014/

14 353, ,907 8,118 11,756 (2,781) (13,700) (10,527) (139) (1,002) 9,911 37,868 38,639 (170) 120 (162) (30,834) (2,375) 20 (72) 1,070 1,108 1, , ,115 (59,764) (10,395) (1,495) 2,877 (49,652) (28,005) (200,655) (133,207) 4,194 (5,677) 334, ,403 14,922 2,394 48,083 (215,433) (113,767) 57, , ,683 (288) (64,833) (213,459) 3,866 (581) 2, , , 中期報告 2014/2015

15 13,700 10, (34,268) (32,981) (53,295) (140) (1,267) 243,208 3,665 2,279 (3) 7, ,485 (89,243) 60,207 (21,959) 289,026 (9,952) (13,569) 95,000 9,248 (108,529) (56,170) 2,920 (100,000) (87,467) (43,633) (210,948) (101,204) 35, ,714 1,410,422 1,018,452 8,925 4,676 1,454,522 1,526, ,838 1,150,863 1,097, ,979 1,454,522 1,526,842 中期報告 2014/

16 1. 2 One Island South 20 Tides Holdings II Ltd. Tides Holdings II Ltd. The Blackstone Group L.P 中期報告 2014/2015

17 3. 1,776,028 1,816, , ,504 2,842 8,838 45,220 25,810 2,347,230 2,312,796 1,776,028 1,816, , ,504 2,842 8,838 45,220 25,810 2,347,230 2,312,796 97,667 83, , ,988 (29,951) 1,071 (27,663) (50,390) 347, ,216 13,700 10, (8,118) (11,756) 2, , ,907 (139,807) (133,047) 213,665 95,860 中期報告 2014/

18 4. 13,700 10,527 1, , * , ,777 14,950 * 5. 37,868 38,639 * (170) * 120 (162) * (1,002) 9,911 * (72) * 1,913 * 20 * 1,070 1,108 * 5,745, 中期報告 2014/2015

19 %16.5% 7,255 2, , , , ,944 (9) (4,140) (17) (23) (26) (4,163) (44,302) 30, , , ,733 (a) ,467,000 (b) ,733,000 中期報告 2014/

20 8. 185,259,000 91,505, ,665, ,447, ,259,000 91,505, ,665, ,447, , ,180,000 36,890,000 2,663,000 12,190,000 1,002,000 9,911, (362) (359) 19 中期報告 2014/2015

21 , ,991 (194) (194) 978, , , , , ,777 1, , , , , , , ,797 32,000 6,405,000 中期報告 2014/

22 , , , , , , , , , , , ,000,000, , , ,665, ,665, ,466 87,466 2,000,000 2,000,000 2,920, , , 中期報告 2014/2015

23 15. (a) 1,275 58,803 3,308 8,907 4,583 67,710 (b) 957,549 1,104, , ,816 1,401,679 1,596,658 (c) 10,215 10,129 2,028 6,032 12,243 16, (a) 16,198,000 15,620,000 (b) , , , ,000 (c) 2,600,000 中期報告 2014/

24 17. 2,113 2,113 4,113 4, 中期報告 2014/2015

25 ( ) Stuart Morrison GRANT Conyers, Dill & Pearman Clarendon House 2 Church Street Hamilton HM11 Bermuda 2 One Island South 中期報告 2014/

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