2018 年報
Collect Connect Collide
目錄 16 17 18 20 48 目 50 目 52 61 62 64 88 89 113 122 128 129 130 132 134 136 239 241 254 263 目 284 目 目
victoria dockside
中國內地
* 2018 6 30 16
2018 2017 60,688.7 56,628.8 15,844.6 14,090.4 15,367.1 1,363.8 23,338.1 7,675.7 0.14 0.13 0.34 0.33 0.48 0.46 2018 6 30 2017 6 30 481,454.8 437,056.3 (1) 74,859.0 76,870.2 (2) (%) 29.3 34.8 (1) (2) * 2018 6 3015 136 ** EBITDA113 17
2018 18
2030 2017 7 1 11 2018 9 20 19
The Artisanal Movement 2018 23,338.1204.1% 12.4% 26.2% 14.7% Victoria Dockside 2.34 192.5%29.3% 5.5 2018 7,977.611.8% 2017 7,133.3 20
2% 6% 33% 35% 17% 7% 11,973,508 2018 6 30 13% 12% 7% 2018 6 30 68% 16,995,861 2018 2017 * * 23,380.8 9,475.5 25,968.0 7,506.8 7,141.0 2,864.5 8,538.1 2,277.1 16,239.8 6,611.0 17,429.9 5,229.7 3,109.9 1,923.3 2,410.9 1,770.6 1,835.9 1,160.9 1,576.2 1,169.5 1,274.0 762.4 834.7 601.1 1,479.0 (76.5) 1,426.5 (113.8) 608.8 68.9 573.9 87.3 606.8 (180.1) 633.8 (289.2) 263.4 34.7 218.8 88.1 25,911.7 858.4 20,743.0 1,186.0 2,814.6 3,801.4 2,410.6 3,313.0 3,670.9 232.4 3,389.0 220.0 321.8 (369.9) 280.8 207.8 60,688.7 15,844.6 56,628.8 14,090.4 * 21
2017 7 1 15 15 18 18 18 15 22
2018EBITDA* EBITDA 15 18 3,864.6 87% 7,284.1 77% 10,147.2 95% 6,966.2 76% 585.9 13% 2,159.4 23% 585.9 5% 2,164.2 24% 4,450.5 100% 9,443.5 100% 10,733.1 100% 9,130.4 100% EBITDA (%) 32% 68% 54% 46% * EBITDA 23
2017 18,645 2,400 2016 11.0% 28.9% 2018 2018 7,682 1,100 2018 6 29 The Artisanal Movement 24
247100 THE PARKVILLE 7,141.0 2,864.5 THE PARKVILLE THE PARKVILLE Home and Family 2018 5241 602018 9680594 2018 5 FLEUR ISLAND 24796% 2018 9611 474 2017 11 Bohemian Collection 2018 9 241 25
2018 9 400 3 1,300 THE PARKVILLE 2019 2017 2.2% 4% 5.7% 2018 2018 6 12%16 2018 41% 5.1% 1.1% 20184.6% 26
1,835.916.5% Victoria Dockside K11 ATELIER THE FOREST Victoria Dockside 3 K11 ATELIER K11 ARTUS K11 MUSEA Victoria Dockside2019 Victoria Dockside K11 ATELIER 2017 2018 70% Victoria Dockside K11 MUSEA2019 K11 MUSEA K11 MUSEA K11 ARTUS K11 K11 ARTUS 14287 2019 2019 Victoria Dockside K11 ATELIER 435 K11 MUSEA12 1,156 K11 ARTUS 380 + 1,106 3,077 27
K11 100% 1.4 K1110 K11 200 2019 2020 D PARK 94.4% 3.4 THE FOREST 95.9% 2017 2018 4 26 18 28
2018 5 2 SKYCITY 2 3.77 2.1 57 2023 2027 6,000 2017 8 37 1.9 2016 2017 8 3 121,100460 2018 6 30 11.97 3.96 17 980 4,217 6,777 11,974 12,593 11,594 2,601 2,246 1,975 1,975 1,359 1,161 19 19 18,547 16,995 29
30
16,239.8 6,611.0 798,734 162.6 2018160 22,667 20.9% 26.0% 24.4% 18.4% 112 3,062 68 1,161 96 1,913 143 2,060 65 3,000 126 2,370 16 180 159 2,315 13 199 558 12,660 240 3,600 31
1,074,164 66.1% 20191,160,5958% 2018 B 186,909 186,909 186,909 B 25,389 66,938 92,327 123,604 1C2 109,952 109,952 109,952 1E 63,525 63,525 63,525 7,910 7,910 7,910 CF-20 82,811 82,811 82,811 CF-27A 23,837 23,837 23,837 CF-29 75,140 75,140 75,140 K11 264,038 264,038 264,038 2D1 128,642 128,642 128,642 2D2 39,073 39,073 39,073 709,889 297,337 66,938 1,074,164 1,105,441 32
2018 1C2 3,016 1E 15,682 138,018 EXPO 99,916 99,916 99,916 2D1 92,794 2D2C 3,938 3,938 3,938 103,854 103,854 353,364 33
2019 D 14,111 14,111 14,111 E 20,516 1,139 21,655 21,655 A 33,651 55,064 7,249 62,313 85,691 11 9,702 58,051 67,753 90,010 12 8,085 12,361 20,446 46,428 7-10 20,192 20,192 125,162 23,015 23,015 37,226 3 136,671 136,671 136,671 CF-20 42,023 42,023 42,023 B1 63,885 14,472 78,357 97,782 BC 5,697 37,162 42,859 61,292 287,086 287,086 287,086 2D2 169,778 169,778 169,778 2E 97,665 97,665 97,665 25,266 51,405 76,671 76,671 909,814 91,802 158,979 1,160,595 1,422,902 2019 32,294 59,434 91,728 140,969 A 40,192 40,192 40,192 7-10 5,781 5,781 5,781 3 95,435 3 90,726 90,726 90,726 5 1 22,763 22,763 35,365 CF-27A 12,025 CF-29 70,080 BC 19,545 19,545 19,545 99,675 99,675 99,675 2D2 2,821 2,821 89,469 2E 40,878 19,354 154,385 59,434 159,412 373,231 759,494 34
2017 32.710.2% 2012 1,274.0 52.6%1 K11 2 K11 35
2016 8 80 2018 3 500 36
20.85 267,000 147,000 93,000 27,000 2018 1 84 10 2018 6 30 7.05 4.33 5.65 3.1250.7% 2,609 3,294 1,209 1,689 557 824 708 1,171 1,963 2,316 7,046 9,294 8 5,646 7,546 1,400 1,748 7,046 9,294 37
370,000 1,200,000 24 60% 79 143 707,000 59% 142 295 4,500 2018500 90% 258 500 18,218 180,000 148,360 38
27,940 80200 130 2018 62021 390,000 K11 D PARK 2017 K11 D PARK2018 600,000 2016 9 K11 K11 Select 2017 11 229 T1 80,000 2018 1 57% 100,000 80% 79% K11 202 100,000 850,000 K11 K11 K11 4 6 2018 39
28 K11 K11 Club K11 90 96%92% 175,000 110,000 815 30 81 77%227 80% 450,000 A2017 9 60% B 2013 11289 90% B 2014 8 100% C 2017 3 87% 2014 4767 3160% 370,000 2018 10 31 6.28 100 300 2015 101,408 D1 96% 2016 10 905 D2 86% 2015 40
8488% 67 178 46073% W.E 185 2,000 180 75% 83.2% 87.1% 91.8% 75.6% 84.4% 2017 10 27 18.5 41
41 2017 11 20 600 712018 6 Victoria Dockside 2019 413 Asaya 186 2018 6 30 15 6,000 2018 2018 32% 10%10% 2018 20185% SNL SNL 2017 2018 1 1,000 42
20182% 2018 4% 97.2% 8% 273 2018 Goshawk 223 114889 Goshawk Goshawk 40 Bauhinia Aviation Capital LimitedBauhinia 2019Goshawk 2018 6 30 47 300.0 100.0 200.0 2018 2017 8 2018 Goshawk Aviation Limited Goshawk 2018 Goshawk84105 2018 6 30 3.52943 2018 6 30 2018 1,061 820 Goshawk Goshawk 2018 6 Sky Aviation Leasing International Limited SALI 43
76 2018 2018 40% 2018 3 2018 70% UMP Healthcare China Limited 2018 16% 2018 6 30NWS Construction Limited 471 212 0.8%0.7% 44.0% 34.6% 21.3% 0.1% 48.0% 32.5% 19.5% 2018 6 30 35 1,455,780 44
80 2018 7 6 2018 11 2017 80 6.9% 2011 2018 6.8% 2015 1210 45
2018 2018 18 The Artisanal Movement Collect Connect Collide 13 46
Victoria Dockside2019 K11 MUSEA 2018 5 SKYCITY SKYCITY Victoria Dockside 2018 6 30 921 Tomorrow never knows! The Artisanal Movement 2018 9 20 47
1 23 2 1 3 4A 4P 4 1 5 74 6 7 8 43-45 9 46 10 6582 11 6572 12 520 13 221 14 402 15 1212131 A 16 THE PARKVILLE 76 92 17 527 18 524 19 20 21 22 23 24 110 1 2 3 4 5 6 EIGHT KWAI FONG 7 8 9 K11 10 11 KOHO 12 THE FOREST 13 14 D PARK 15 PopCorn II 16 17 18 19 Victoria Dockside K11 ATELIER Victoria Dockside 20 Victoria Dockside 21 704-730 22 9 23 21 24 6505 25 11 26 48
49 2 7 13 9 8 12 14 11 10 1 3 4 3 19 23 1 2 1 9 5 26 21 13 17 23 10 1 25 24 11 14 15 16 1 20 8 10 22 15 16 18 24 21 22 23 18 17 2 19 15 20 5 1 15 0 18 6 5 12 4 6 7
18 16 17 13 12 14 15 10 9 11 2 5 1 4 3 6 7 8 50
* 1 2 B A B 3 4 5 CF-20 CF-29 CF-27A CF-27B CF-30 CF-31 6 7 DY04-01 DY04-04 8 DY02-02 DY02-04 9 10 11 7-10 11 5 4 6 1-4 12 12 13 14 A 15 16 2D2 2E 2C1 2C2 XB XC 17 18 * 51
GBM, GBS 71 1972 101973 1989 2012 3 2016 8 4 2017 6 10 2018 3 312018 5 10 2018 4 9 Cheng Yu Tung Family (Holdings) Limited Cheng Yu Tung Family (Holdings II) Limited Chow Tai Fook Capital Limited 20012017 52
2013 7 2015 6 11 2017 2 18 2008 JP 74 2007 32012 32015 42017 3 2017 6 102017 8 26 2016 8 4 2006 9 K11 Art Foundation JP 38 53
1985 11 2016 7 1 61 1989 4 2016 10 3 2016 12 23 JP 76 54
1994 10 2016 8 4Cheng Yu Tung Family (Holdings) Limited Cheng Yu Tung Family (Holdings II) Limited Chow Tai Fook Capital Limited CEDR 66 2000 9 SOHO 68 55
2004 82007 11 2004 1 72004 8 29 67 BBS, JP 69 2004 8 Healthway Medical Corporation Limited 2016 8 42016 9 1 56
2004 82012 3 71 2008 12 2012 32018 61997 30 Beta Gamma Sigma GBS, SBS, JP 71 57
2010 6 19992000 1999 40 37 2012 3 2016 8 4 2008 58
2013 7 1975 40 66 2018 6 2011 2 25 64 59
69 2018 6 2016 1 2016 8 4 30 66 2018 6 TOM 2016 8 4 AEON 2016 82016 92018 5 33 60
BSc (Eng) (Hon), LLB (Hon) 59 2011 12000 11 2001 11 1994 1981 19901992 68 1969 1978(Hyatt Regency)(Excelsior) 1988 3 1997 20032005Foreign Holiday Philippines, Inc. Marina Square Properties, Inc. 20071990 112000 10 (American Hotel and Motel Association) (Certified Hotel Administrator)1991 20122014 61
62
63 2018 20 50 2018 2017 Capital Finance International 2017MerComm, Inc 30ARC Awards 26
2030 The Artisanal Movement (Hyperconnectivity) The Artisanal Movement 2030( 2030) K11Victoria DocksideK11 Atelier 2018 2018 25 35 The Artisanal Movement 2030 64
2017 7 12018 6 30 ( ) ( UN SDGs ) 2018 12 2015 ( CDP )( GRESB ) 2015 https://sr.nwd.com.hk/ 65
66
2017 50% 1 2050 66% 195030% 2 2030 2014 35% 40% 50% 3 68% 5% 4,5 1 Global Shapers Survey (2017), http://www.shaperssurvey2017.org/static/data/wef_gsc_annual_survey_2017.pdf 2 2014, https://esa.un.org/unpd/wup/publications/files/wup2014-highlights.pdf 3 Global Trends 2030 Alternative Worlds (2014), https://globaltrends2030.files.wordpress.com/2012/11/global-trends-2030-november2012.pdf 4 Hootsuite (2018), Digital in 2018, https://hootsuite.com/pages/digital-in-2018 5 Statistia.com (2018), Number of mobile (cellular) subscriptions worldwide from 1993 to 2017, https://www.statista.com/statistics/262950/globalmobile-subscriptions-since-1993/ 67
A. Connect Spotlight+ New World CLUB Artisanal Living K11 / CDP GRESB 68
2018 21826 26 218 69
2030 2030( 2030) The Artisanal Movement UN SDGs 2030 2030 70
() K11 2030 http://www.nwd.com.hk/sustainability/tc/group.html#policy 71
2018 ( VoC )VoC () VoC Artisanal LivingNew World CLUB New World CLUB 80% WELL (BIM) Construction Information Anywhere (CIA) VoC 72
The Artisanal Movement 2018 Victoria Dockside Make Waves2 o C () () ISO9001 ISO14001 OHSAS18001 () 2018 240 73
2013 630 550 Innovation Lab2016 201634 Eureka Nova KOHO Artisan360 360 A. Connect DigiTalent VoC Innovation Lab 630 550 34 74
2030 2018 3 () (2017) Sustainalytics K11 (BEAM Plus) (LEED) WELL 36 ( ) http://www.nwd.com.hk/sustainability/tc/group.html#green 2018 2019 75
2018 20 27 12 () WELL WELL v1 (BEAM Plus) (LEED) CONSTRUCTION INFORMATION ANYWHERE ( CIA ) ( BIM ) BIM Construction Information Anywhere( CIA ) BIM CIA ( ) CIA 11,340 8,740CIA 76
K11 2030 2017 Resource Advisor 130 Eco-world 13% 9% 3% 75% 2017 2018 () 5,784,908 1 5,818,992 2 +1% : 1) 2) 77
2018 63% 28% 9% Victoria Dockside K11 Atelier 113,000 20185,818,992 20175,784,908 22% 60% 90% 4Ts K11 60% 2017 1 2018 5% 13% 20302012 37% ( : 714,184 2 611,642 3-14% 20302015 22% (LED) 201223% 1) () 2) 3) 2018611,642 2017714,184 78
2018 (SO x ) 798 (NO x ) 2 0.4% 1% 6% 58 : 33% 2017 22% 2018 28% 17% 4,725,293 4,379,363 1-7% : 1) 2018 4,379,363 20174,725,293 92.6% 2017 2018 888,171 1,015,451 +14% 808,003 872,608 +8% 20181,015,451 2017 14% 86% 2019 2018 2011 K11 2018 () 79
2018630 ( FSC ) FSC 10% 340 () ISO 20121 K11 Natural LOL(Love Original Life) ( LOL )10% LOL 80
- OHSAS18001 (BIM) - ( ) 81
K11 K11 Atelier K11 Atelier Academy K11 K11 Kulture Academy (PM2.5) 2030 KOHO 2017 9 2018 2 K11 () 2018 3 New England Journal of Medicine 82
CarePoints A.(A. New World University TM ) YoungSTAR YoungSTAR YoungSTAR 2018150 ( 201 ) 250 2030 ( ) A Entrepreneur Adventure Programme (hackathon) 83
Victoria Dockside K11 Atelier K11 MUSEA( 2019 ) 25 35 K11D PARK 2016 270,000 84
2017 M 2,940 2017 2017126 20171,500 85
Hong Kong Golf & Tennis Academy Charity Foundation 2014Hong Kong Golf & Tennis Academy Charity Foundation K11 Art Foundation K11 Art Foundation Emerald City Culture for Tomorrow Culture for Tomorrow 2017 2017 12 Hot is Cool 86
13.91 -A1 A1.1 A1.2 A1.3 A1.4 A1.5 A1.6 -A2 A2.1 A2.2 A2.3 A2.4 A2.5 - -A3 A3.1 -B1 -B2 -B3 -B4 -B5 -B6 -B7 -B8 87
GBM GBS JP JP GBS SBS JP JP BBS JP Eversheds 183 22 18 30 (852) 2523 1056 (852) 2810 4673 UFJ 0017 0017.HK 17 HK 18 30 (852) 2523 1056 (852) 2810 4673 ir@nwd.com.hk www.nwd.com.hk 88
2018 6 30 49 50 51 2018 6 30128 2018 11 232018 6 30 0.3420170.330.1420170.132018 6 30 0.4820170.46 2018 11 202018 12 20 2018 6 30 2047113121 6487 241253 1 53,197,038490,174,761.79 2 2017 6 302017 12 31 357,226,1893,802,109,669 36 101109 2018 6 30622624,041.3 2017 23,080.9 239240 89
2018 6 30 4.5 130,537,76011,460,000 2018 6 30 10,214,184,851 2017 9 4,000,000 11.24 11.02 44,473,440 2017 10 2,000,000 11.96 11.80 23,801,960 2017 11 1,797,000 11.80 11.70 21,144,660 2017 12 1,663,000 10.98 10.88 18,200,660 2018 6 2,000,000 11.50 11.28 22,917,040 11,460,000 130,537,760 2018 2 63,000.0 3,614.5 5.5% 201885914 101.3 201792.9 1 2017 10 27 18.522 2018 3 28 2 2018 1 11Fortland Ventures Limited H11.35 208,000,000 H2018 1 16 H23.86%12.79% 90
96100 13.20 13.22 13.20 13.22112 GBM GBS JP 2018 6 1 2018 6 1 JP GBS SBS JP 2018 6 1 JP BBS JP 2018 6 1 94 103(A) www.nwd.com.hk 91
96100 3522018 6 30 101111 Silver City International Limited Sunshine Dragon Group Limited 92
Ace Action Ltd. Amelia Gold Limited Silver City International Limited Silver Success Company Limited Sunshine Dragon Group Limited Long Vocation Investments Limited 93
18 101109 3362018 6 30 Cheng Yu Tung Family (Holdings) Limited CYTFH (1) 4,535,634,444 4,535,634,444 44.41 Cheng Yu Tung Family (Holdings II) Limited CYTFH-II (2) 4,535,634,444 4,535,634,444 44.41 Chow Tai Fook Capital LimitedCTFC (3) 4,535,634,444 4,535,634,444 44.41 (4) 4,535,634,444 4,535,634,444 44.41 (5) 4,123,491,293 412,143,151 4,535,634,444 44.41 (1) CYTFHCTFC 48.98%CTFC (2) CYTFH-IICTFC 46.65%CTFC (3) CTFC81.03% (4) 100% (5) 2018 6 30336 10.0% 94
336 2018 6 30 BlackRock, Inc. 538,886,286 538,886,286 (1) 5.28 BlackRock, Inc. 18,531,618 18,531,618 (2) 0.18 (1) 661,000 (2) 7,649,431 2018 6 30336 25.0% 30.0% 2018 9 20 95
(1) 1995 8 29 Renaissance Hotel Group N.V.RHG64.0% 36.0% RHGHotel Property Investments (B.V.I.) Ltd.HPI 25 1997 7 25HPI CTF Holdings Ltd.CTFH 2.8 21.7 (2) 2012 3 22 2012 4 242014 6 30 2014 7 12017 6 30 2017 7 12020 6 30 2020 6 30 2017 4 10 2018 6 3065.679.0 129.551156.1 96
(3) 2017 4 10 30.0% 2017 7 12020 6 30 2020 6 30 2017 5 26 2018 6 301,728.3 3,699.6 (4) 2017 4 10 (a) (b)(a) 30.0% 2017 7 12020 6 30 2020 6 30 2017 4 10 2018 6 30 557.9 1,708.6 97
(5) 2014 4 11 2014 7 1 2017 7 12020 6 30 2020 6 30 2017 4 13 2018 6 3098.5 125.0 (6) 2013 3 19(i) (ii) (iii) 2013 3 192015 6 30 2015 7 1 2018 6 30 2018 6 301.3 241.0 2018 7 12021 6 30 2021 6 30 98
(7) 2017 4 10 2017 7 1 2027 6 30 2020 6 30 2017 4 10 2018 6 30112.2 136.4 (8) 2017 9 29(i) 10,177,19440.0% (ii)healthcare Ventures Holdings LimitedHealthcare Ventures Dynamic Ally LimitedDynamic Ally Healthcare VenturesDynamic Ally 2017 9 29 Healthcare Ventures Dynamic Ally50.0% Healthcare VenturesDynamic Ally 2016 12 15 Healthcare VenturesDynamic Ally30.0% 40.0% 30.0% Healthcare VenturesDynamic Ally 780.0 Healthcare Ventures Dynamic Ally63.010,177,194 77,333,333 30.0% Healthcare Ventures 2017 9 29 99
(9) 2017 10 27 18.522 2017 10 27 2018 3 28 (2) (7) (a) (b) (c) 3000740 (2) (7) 14A.56 47 100
2018 6 30352 (A) 13,137,116 16,136,692 (1) 29,273,808 0.29 700,000 700,000 0.01 566,567 566,567 0.01 878,353 (2) 878,353 0.01 10,429 10,429 0.00 90,000 90,000 0.00 0.10 20,000 20,000 0.00 92,000 92,000 0.01 1.00 18,349,571 12,000,000 (3) 30,349,571 0.78 6,802,903 (4) 6,802,903 0.17 320,097 6,463,227 (5) 6,783,324 0.17 15,000 15,000 0.00 500 (6) 500 50.00 (1) (2) 40.0% (3) (4) (5) (6) (B) 2018 6 30 101
(B) 2006 11 2420062012 3 132006 20062016 11 242016 11 2220162016 11 242006 20062016 20062016 (i) (ii) (iii) (iv) (v) (vi) (vii) 2006425,987,928 2016 11 222016 20062016 92,700,000 2016 849,405,147 8.32% 102
(B) 20062016 12 1.0% 10 1410.0 (i) (ii) 102006 11 24 2006 2016 11 24 2016 11 22 2016 2026 11 22 103
(B) 2017 7 1 2018 6 1 (6) 2017 7 1 (7) 2018 6 30 2016 6 10 (1) 10,675,637 10,675,637 7.540 2017 7 3 (2) 2,000,000 2,000,000 10.036 2014 1 22 (3) 532,982 (532,982) (8) 9.756 2017 7 3 (2) 100,000 100,000 10.036 2016 3 9 (4) 4,500,000 (700,000) (9) 3,800,000 7.200 2016 6 10 (1) 3,736,471 3,736,471 7.540 2017 7 3 (2) 2,000,000 2,000,000 10.036 2016 6 10 (1) 533,779 533,779 7.540 2017 7 3 (2) 100,000 100,000 10.036 2016 6 10 (1) 533,779 533,779 7.540 2017 7 3 (2) 100,000 100,000 10.036 2016 6 10 (1) 533,779 533,779 7.540 2017 7 3 (2) 100,000 100,000 10.036 2016 6 10 (1) 533,779 (200,000) (10) 333,779 7.540 2017 7 3 (2) 100,000 100,000 10.036 2016 6 10 (1) 533,779 533,779 7.540 2017 7 3 (2) 100,000 100,000 10.036 2016 6 10 (1) 533,779 533,779 7.540 2017 7 3 (2) 100,000 100,000 10.036 2016 6 10 (5) 2,002,016 (400,000) (11) 1,602,016 7.540 2017 7 3 (2) 100,000 100,000 10.036 2016 6 10 (1) 533,779 533,779 7.540 2017 7 3 (2) 100,000 100,000 10.036 2016 6 10 (1) 3,202,688 3,202,688 7.540 2017 7 3 (2) 100,000 100,000 10.036 2014 1 22 (3) 532,982 (532,982) (12) 9.756 2016 6 10 (1) 1,016,693 (150,000) (13) 866,693 7.540 2017 7 3 (2) 400,000 (100,000) (14) 300,000 10.036 (6) 2016 6 10 (1) 767,827 767,827 7.540 2017 7 3 (2) 300,000 300,000 10.036 (6) 2017 7 3 (2) 2,300,000 2,300,000 10.036 (7) 2016 6 10 (1) 1,868,471 (1,868,471) 7.540 31,804,393 5,400,000 3,367,827 (1,868,471) (2,615,964) 36,087,785 104
(B) (1) 2016 6 102017 6 102018 6 102019 6 102020 6 9 (2) 2017 7 32018 7 32019 7 32020 7 32021 7 2 (3) 2014 1 222015 1 222016 1 222017 1 222018 1 21 (4) 2016 3 92017 3 92018 3 92019 3 92020 3 8 (5) 2017 6 102018 6 102019 6 102020 6 9 (6) 2018 6 1 (7) 2017 7 1 (8) 2018 1 15 12.38 (9) 2017 7 13 9.97 (10) 2018 1 232018 1 2412.3212.54 (11) 2017 10 6 11.46 (12) 2017 10 42018 1 1011.4412.50 (13) 2018 1 10 12.50 (14) 2018 1 9 12.32 (15) 10.0 105
(B) 2017 7 1 (7) 2017 7 1 (8) 2018 6 1 (9) 2018 6 30 2014 1 22 (1) 15,780,641 (15,240,389) (10) (540,252) 9.756 2014 10 27 (2) 27,079,872 (17,162,289) (11) (945) 9,916,638 9.485 2015 7 7 (3) 15,616,588 (4,845,941) (12) (550,786) 10,219,861 9.966 2016 3 9 (4) 10,675,000 (1,580,000) (13) (125,000) 8,970,000 7.200 2016 6 10 (5) 28,734,925 1,868,471 (767,827) (8,417,955) (14) (1,366,707) 20,050,907 7.540 2017 7 3 (6) 48,050,000 (2,600,000) (3,334,500) (15) (2,075,000) 40,040,500 10.036 97,887,026 48,050,000 1,868,471 (3,367,827) (50,581,074) (4,658,690) 89,197,906 (1) 2014 1 222015 1 222016 1 222017 1 222018 1 21 (2) 2014 10 272015 10 272016 10 272017 10 272018 10 26 (3) 2015 7 72016 7 72017 7 72018 7 72019 7 6 (4) 2016 3 92017 3 92018 3 92019 3 92020 3 8 (5) 2016 6 102017 6 102018 6 102019 6 102020 6 9 (6) 2017 7 32018 7 32019 7 32020 7 32021 7 2 (7) 2017 7 3 9.91 (8) 2017 7 1 (9) 2018 6 1 (10) 11.399 (11) 11.661 (12) 11.705 (13) 11.825 (14) 11.520 (15) 11.833 (16) 10.0 106
(B) 1.0521.05% 2021 6 212021 12 6 24.55%4.26% 2011 11 21 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 107
(B) 55,623,705 284,347,671 7.30% 12 1.0% 10 1410.0 (i) (ii) (iii) 2011 11 2110 2017 7 1 2018 6 30 2015 3 9 (1) 7,420,739 7,420,739 14.120 (1) 60.0%2015 5 92020 3 840.0%2016 3 92017 3 9 2020 3 8 (2) 10.0 108
(B) 2017 7 1 (2) 2018 6 30 2015 3 9 (1) 42,035,091 (8,214,363) (74) 33,820,654 14.120 (1) 60.0%2015 5 92020 3 840.0%2016 3 92017 3 9 2020 3 8 (2) 15.726 (3) 10.0 (C) (1) Fita International LimitedFita Fita 2018 6 30 2,900,000 12,890,000 (1) 15,790,000 2.11 1,000,000 1,000,000 2,000,000 0.27 1,000,000 3,900,000 12,890,000 17,790,000 (1) 109
(C) (2) 2018 6 30 54,600,000 (1) 892,620,000 (2) 947,220,000 9.25 15,600,000 (3) 15,600,000 0.15 3,900,000 (4) 3,900,000 0.04 74,100,000 892,620,000 966,720,000 (1) 1.07.8 (2) 744,120,0001.07.8 (3) 1.07.8 (4) 1.07.8 (3) NWD Finance (BVI) LimitedNWD Finance NWD Finance 2018 6 30 21,550,000 (1) 21,550,000 1.80 1,000,000 1,000,000 0.08 1,000,000 21,550,000 22,550,000 (1) 110
(C) (4) NWD (MTN) LimitedNWD (MTN) NWD (MTN) 2018 6 30 23,400,000 (1) 156,000,000 (2) 179,400,000 0.82 11,800,000 (3) 11,800,000 0.05 11,800,000 23,400,000 156,000,000 191,200,000 (1) 1.07.8 (2) 1.07.8 (3) 7,800,0001.07.8 2018 6 30 352 111
13.2013.22 2018 6 30 2018 2017 37,045.5 33,537.0 5,996.4 5,932.3 2,977.6 1,689.5 46,019.5 41,158.8 13,189.0 20179,453.3 0.9%12.2% 2017 1.3%12.2% 13.222018 6 30 136,667.2 66,264.4 54,651.0 21,473.7 (47,788.1) (21,053.8) 143,530.1 66,684.3 (111,865.9) (50,294.0) 31,664.2 16,390.3 2018 6 30 112
201860,688.723,338.1 7.2% 204.1% Victoria Dockside 7,977.611.8% 2017 7,133.3 30,000 25,000 27,081.2 (3,206.5) (15,517.9) 20,000 15,000 10,000 296.3 (781.5) 111.3 (7.7) 2.4 7,977.6 5,000 0 * * 2017 7 1 1515 1818 18 15 113
2018EBITDA* EBITDA 15 18 3,864.6 87% 7,284.1 77% 10,147.2 95% 6,966.2 76% 585.9 13% 2,159.4 23% 585.9 5% 2,164.2 24% 4,450.5 100% 9,443.5 100% 10,733.1 100% 9,130.4 100% EBITDA (%) 32% 68% 54% 46% * EBITDA 15,844.612.4% 2018 2017 23,380.8 25,968.0 3,109.9 2,410.9 25,911.7 20,743.0 2,814.6 2,410.6 1,479.0 1,426.5 3,670.9 3,389.0 321.8 280.8 60,688.7 56,628.8 2018 2017 7,141.0 8,538.1 16,239.8 17,429.9 23,380.8 25,968.0 114
2018 2017 1,835.9 1,576.2 1,274.0 834.7 3,109.9 2,410.9 2018 2017 608.8 573.9 606.8 633.8 263.4 218.8 1,479.0 1,426.5 10.0%2018 2017 2017SKYPARK 2018 29.0%1)Victoria Dockside K11 ATELIERTHE FOREST 2)K113) 24.9%2016 12 50% 16.8% 3.7% 8.3% 14.6% 115
2018 2017 9,475.5 7,506.8 1,923.3 1,770.6 858.4 1,186.0 3,801.4 3,313.0 (76.5) (113.8) 232.4 220.0 (369.9) 207.8 15,844.6 14,090.4 2018 2017 2,864.5 2,277.1 6,611.0 5,229.7 9,475.5 7,506.8 2018 2017 1,160.9 1,169.5 762.4 601.1 1,923.3 1,770.6 2018 2017 68.9 87.3 (180.1) (289.2) 34.7 88.1 (76.5) (113.8) 116
20189,475.526.2% 25.8%2017 27%2018 40% 247100 THE PARKVILLE THE PARKVILLE 2019 2018 9 2 983 978 10.0 611 474 11.2 680 594* 14.9* 250 241 2.1 THE PARKVILLE 100 100 0.9 123 123 0.9 2,747 2,510 40.0 * 2018218 44 26.4% 6,611.02017 30%2018 41% 54.6% 798,734 162.6 2018160 22,66720.9% 26.0% 24.4% 18.4% 117
20181,923.38.6% K11KOHO Victoria Dockside K11 ATELIERTHE FORESTK11 ATELIER 70%110 Victoria Dockside Victoria Dockside 2019 26.8% K1124.3% 201827.6% 858.4 2017 8 20183,801.414.7% 201832% 10%10% SNL 2017 Goshawk2018 Goshawk84 1052943 201876.5 2018 3,290 83.2% 5.0% 6.92019 21.1% 118
2018232.45.6% 2018369.9278.0% 20172018 20184,133.4864.4% 2017SNL2016 12 50% 20181)2) 3) 201815,367.1 90%Victoria Dockside 20186,272.431.9% 119
2018 2017 74,859.0 76,870.2 0659 3,518.0 3,229.3 0825 (703.6) (869.5) 72,044.6 74,510.4 2018 6 30 4,832.6 2018 6 3010,100.0 600.0 4,662.0 7,948.7 2018 2 63,000.03,614.5 5.5% 201885914 2018 6 3063,456.1 201767,106.5 74,859.0 201776,870.229.3%2017 5.5 2018 6 30131,454.12018 6 30 6,861.02018 6 30 1 18,712.5 2 28,454.3 35 74,521.6 5 16,626.7 138,315.1 2018 6 30255,181.92017 6 30220,944.5 120
121 2018 6 30 17.9 0.8 16.5 12.0 59.4 15.1 13.0 3.6 71% 68% 13% 19% 9% 20% 14% 11% 60% 29% 58% 28% 85% 84% 16% 15% 2018 2018 2018 2017 2017 2017
128 238 2018 6 30 2018 6 30 122
6(b)717 2018 6 30 2018 6 30 123
6(c)29 2018 6 30 19,656.2 37,171.0 42,301.2 2018 6 30 (i) (ii) 124
6(d)2223 2018 6 30 49,135.8 24,708.2 28 (2011 ) 36 2018 6 30 600.0 125
405 126
2018 9 20 127
2018 2017 7 60,688.7 56,628.8 (40,125.3) (38,413.2) 20,563.4 18,215.6 8 137.3 528.8 9 4,133.4 428.6 (1,083.8) (1,376.6) (8,142.1) (7,408.9) 17 15,367.1 1,363.8 10 30,975.3 11,751.3 1,475.2 1,705.9 11 (2,179.5) (2,152.0) 30,271.0 11,305.2 1,886.2 2,029.7 1,196.4 1,895.4 33,353.6 15,230.3 12 (6,272.4) (4,755.6) 27,081.2 10,474.7 39 23,338.1 7,675.7 536.6 395.9 3,206.5 2,403.1 27,081.2 10,474.7 13 2.34 0.80 2.33 0.80 128
2018 2017 27,081.2 10,474.7 3,539.5 554.9 (4.0) (92.2) 24.7 24.0 (846.9) 501.6 7.1 60.2 (78.9) 73.5 (155.9) (35.4) 5.7 35.6 (60.6) (15.3) (22.5) 36.3 (135.4) 53.6 872.3 (344.4) 83.9 253.8 3,964.4 (1,576.8) 7,413.0 (690.2) 34,494.2 9,784.5 30,454.8 7,145.2 536.6 395.9 3,502.8 2,243.4 34,494.2 9,784.5 129
2018 2017 17 149,727.7 105,760.4 18 29,940.2 30,807.8 19 1,064.0 1,715.0 20 11,403.5 11,841.9 21 3,782.0 3,423.8 22 49,135.8 49,317.4 23 24,708.2 26,401.8 24 11,778.8 6,540.9 25 46.0 44.4 32 684.3 574.5 26 88.6 9.8 19,656.2 18,284.1 27 749.3 740.9 28 6,635.1 2,612.6 309,399.7 258,075.3 29 37,171.0 48,530.0 42,301.2 34,530.9 30 831.5 756.1 31 25,519.6 27,864.4 32 0.1 26 19.5 62.3 33 67.7 120.5 33 63,388.4 66,986.0 169,298.9 178,850.3 35 2,756.2 130.7 172,055.1 178,981.0 481,454.8 437,056.3 130
2018 2017 36 77,525.9 73,233.6 39 138,724.0 112,857.6 216,249.9 186,091.2 37 9,451.8 9,451.8 38 29,480.2 25,401.5 255,181.9 220,944.5 40 120,123.6 125,895.3 27 10,287.9 9,327.2 26 365.6 631.3 41 806.5 757.4 131,583.6 136,611.2 42 65,059.0 50,735.2 40 11,851.5 14,857.9 26 36.1 40 8,777.6 6,366.7 8,992.4 7,504.7 94,680.5 79,500.6 35 8.8 94,689.3 79,500.6 226,272.9 216,111.8 481,454.8 437,056.3 131
2017 6 30 73,233.6 104,696.7 8,160.9 186,091.2 9,451.8 25,401.5 220,944.5 15 4 251.6 251.6 27.2 278.8 2017 7 1 73,233.6 104,948.3 8,160.9 186,342.8 9,451.8 25,428.7 221,223.3 23,338.1 23,338.1 536.6 3,206.5 27,081.2 (432.6) (432.6) (414.3) (846.9) (72.3) (72.3) (6.6) (78.9) 7.1 7.1 7.1 (163.0) (163.0) 7.1 (155.9) (27.9) (27.9) (32.7) (60.6) (9.8) (9.8) (12.7) (22.5) 18.2 18.2 18.1 36.3 32.8 32.8 20.8 53.6 3,521.9 3,521.9 13.6 3,535.5 (4.8) 586.3 581.5 290.8 872.3 15.1 15.1 9.6 24.7 51.3 51.3 32.6 83.9 3,594.4 3,594.4 370.0 3,964.4 10.3 7,106.4 7,116.7 296.3 7,413.0 23,348.4 7,106.4 30,454.8 536.6 3,502.8 34,494.2 (4,660.4) (4,660.4) (2,250.4) (6,910.8) 140.5 140.5 3,802.1 3,802.1 3,802.1 490.2 490.2 490.2 57.2 57.2 57.2 47.3 (47.3) (536.6) (536.6) (130.9) (130.9) (130.9) 139.1 (139.1) (40.4) (40.4) 4,292.3 (4,604.9) (129.2) (441.8) (536.6) (2,150.3) (3,128.7) 2,570.1 2,570.1 59.0 59.0 (152.0) (93.0) (164.9) (164.9) 280.9 116.0 (105.9) (105.9) 2,699.0 2,593.1 4,292.3 (4,710.8) (129.2) (547.7) (536.6) 548.7 (535.6) 2018 6 30 77,525.9 123,585.9 15,138.1 216,249.9 9,451.8 29,480.2 255,181.9 132
2016 7 1 69,599.8 101,296.6 8,677.0 179,573.4 21,321.9 200,895.3 7,675.7 7,675.7 395.9 2,403.1 10,474.7 432.9 432.9 68.7 501.6 79.3 79.3 (5.8) 73.5 54.1 54.1 6.1 60.2 (34.5) (34.5) (0.9) (35.4) 3.5 3.5 2.2 5.7 21.9 21.9 13.7 35.6 (9.4) (9.4) (5.9) (15.3) (82.8) (82.8) (52.6) (135.4) 462.3 462.3 0.4 462.7 (4.5) (177.2) (181.7) (162.7) (344.4) 15.1 (0.7) 14.4 9.6 24.0 155.7 155.7 98.1 253.8 (1,446.2) (1,446.2) (130.6) (1,576.8) 10.6 (541.1) (530.5) (159.7) (690.2) 7,686.3 (541.1) 7,145.2 395.9 2,243.4 9,784.5 (4,171.1) (4,171.1) (1,077.0) (5,248.1) 2,847.3 2,847.3 3,426.0 3,426.0 3,426.0 207.8 207.8 207.8 53.3 53.3 3.3 56.6 29.2 (29.2) 9,324.0 9,324.0 (268.1) (268.1) (111.7) (111.7) (111.7) (0.9) 0.9 (19.3) (19.3) 3,633.8 (4,254.5) 25.0 (595.7) 9,055.9 1,754.3 10,214.5 (40.8) (40.8) (246.1) (286.9) 9.1 9.1 328.0 337.1 (31.7) (31.7) 81.9 50.2 3,633.8 (4,286.2) 25.0 (627.4) 9,055.9 1,836.2 10,264.7 2017 6 30 73,233.6 104,696.7 8,160.9 186,091.2 9,451.8 25,401.5 220,944.5 133
2018 2017 46(a) 12,978.1 8,432.4 (544.0) (591.0) (4,758.4) (4,685.1) 7,675.7 3,156.3 1,246.7 831.9 2,267.5 1,735.2 643.9 2,104.5 137.3 690.5 (9,969.9) (16,158.2) (2,469.2) (3,477.8) (587.0) (8,292.2) (684.1) (1,278.8) 4,374.8 (4,542.3) 46(d) 339.2 (1,169.5) (4,276.1) (1,683.7) 2,428.0 512.5 883.9 7,702.3 1,232.0 864.8 197.1 75.9 4,031.1 46(f) 11,176.7 5,847.5 6,819.6 (12,085.1) 134
2018 2017 6,415.9 (3,614.5) (6,539.0) 18,977.6 34,319.0 (21,377.7) (23,073.7) (777.3) 430.7 52.8 85.2 (133.4) (306.3) 490.2 207.8 130.2 2,847.3 (4,264.1) (4,914.7) (858.3) (745.1) (2,134.4) (739.8) 37 9,212.3 (536.6) (268.1) (130.9) (14,176.4) 16,931.5 318.9 8,002.7 61,763.6 54,297.5 514.8 (536.6) 62,597.3 61,763.6 33 35,027.8 32,115.5 33 27,513.0 29,648.1 56.5 62,597.3 61,763.6 135
1 1830 2018 9 20 2 6 (a) 2018 6 30 7 12 2014-2016 136
2 (b) 1515 152018 1 1 2018 6 30 15 152017 6 302017 7 1 154 15(i) (ii) (iii)(iv)(v) 2017 7 1 () 3(y) 137
138 2 (c) 2018 7 1 9 16 17 2 4 4 9 9 10 28 19 28 40 22 23 2014-2016 2015-2017 9 16 9 939 (i) (ii)
2 (c) 9 9 112 12 2019 6 30 9 (2014) 16 16 16 16 12 16 139
2 (d) 622 622381 622138110 38110380(6) 3813(a)(ii) 3(a)(iii) 50 51 3 (a) 6 30 (i) 140
3 (a) (ii) 11 (1) (a) (b) (c) 141
3 (a) (ii) (2) (iii) (iv) 142
3 (b) (i) (ii) (iii) (iv) 143
3 (c) (d) (e) (f) 144
3 (f) (i) (ii) 1050 20 40 2 25 (iii) (g) (h) (i) 12 145
3 (h) (ii) 12 (iii) 12 (iv) 12 (i) 146
3 (j) (i) (1) (2) (ii) 147
3 (k) (l) (m) (n) (o) (p) 148
3 (q) 3 (r) (s) (t) (u) (v) 149
3 (w) (x) 3(aa) 12 (y) (i) 150
3 (y) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) 151
3 (y) (xi) (z) (i) 3(f)(ii) (ii) (aa) (ab) (i) (ii) (iii) 152
3 (ab) (iv) (v) (ac) (i) (ii) 153
3 (ac) (iii) (1) (2) (3) (4) (ad) (ae) (af) 154
4 2(b)2017 7 115 15 15 18 11 15 2017 7 115 15 18 155
4 15 15 (a) 1518 11 15 2017 7 1 15 49,317.4 2.2 49,319.6 740.9 (33.3) 707.6 48,530.0 (359.6) 48,170.4 27,864.4 158.2 28,022.6 27,317.2 (79.1) 27,238.1 547.2 (547.2) 784.5 784.5 104,696.7 251.6 104,948.3 25,401.5 27.2 25,428.7 9,327.2 0.9 9,328.1 50,735.2 (591.7) 50,143.5 33,262.5 (280.0) 32,982.5 2,297.3 (2,297.3) 15,175.4 (15,175.4) 17,161.0 17,161.0 7,504.7 79.5 7,584.2 156
4 (b) 1518 11 15 15 2018 6 30 15 49,055.3 80.5 49,135.8 766.5 (17.2) 749.3 37,494.8 (323.8) 37,171.0 29,582.8 12,718.4 42,301.2 33,404.0 (7,884.4) 25,519.6 33,035.6 (8,837.0) 24,198.6 368.4 (368.4) 1,321.0 1,321.0 127,225.6 (3,639.7) 123,585.9 30,622.4 (1,142.2) 29,480.2 10,288.7 (0.8) 10,287.9 54,986.5 10,072.5 65,059.0 39,795.1 (279.3) 39,515.8 2,626.3 (2,626.3) 12,565.1 (12,565.1) 25,543.2 25,543.2 9,708.7 (716.3) 8,992.4 157
4 (b) 15 2018 6 30 15 80,242.2 (19,553.5) 60,688.7 52,858.0 (12,732.7) 40,125.3 1,935.1 (851.3) 1,083.8 1,806.9 79.3 1,886.2 7,101.9 (829.5) 6,272.4 4,375.9 (1,169.4) 3,206.5 19,847.7 (5,969.5) 13,878.2 2,743.2 (12,754.2) (10,011.0) (12,811.9) 8,042.6 (4,769.3) 3,271.9 10,681.1 13,953.0 15 158
5 (a) (i) 2018 6 3012,175.4 2017 3,825.5 2018 6 303,064.8 2017 690.85% 20175% 153.2 201734.5 2018 6 30188.3 2017 253.95% 20175% 9.4 201712.7 2018 6 30423.1 2017 87.45% 2017 5%21.2 20174.4 159
5 (a) (i) 20182017 6 307 (ii) 1002017100 231.4233.9 2017259.3256.8 1002017100 (iii) 2018 6 3025% 2017 25%2,944.7 20171,635.1 25% 201725% 370.0 2,574.7 2017345.0 1,290.1 12 2018 6 30 25% 201725% 171.1 2017143.6 12 160
5 (b) 20182017 6 30 (c) 161
5 (c) 2018 6 30 35,790.6 35,790.6 33,749.3 2,036.2 5.0 8,777.6 8,955.1 8,955.1 131,975.1 144,098.7 15,737.8 111,024.2 17,336.7 2017 6 30 27,874.1 27,874.1 25,889.3 1,975.8 9.0 6,366.7 6,499.3 6,499.3 140,753.2 157,920.5 18,803.4 112,190.9 26,926.2 2018 6 30 152.5 91.3 11.3 49.9 2017 6 30 298.9 139.0 126.7 33.2 2018 6 30 (d) 162
5 (d) 20182017 6 30 2018 2017 138,315.1 143,976.7 (63,456.1) (67,106.5) 74,859.0 76,870.2 255,181.9 220,944.5 29.3% 34.8% (e) 1 2 3 23 17 1 2 3 163
5 (e) 2018 6 30 1 2 3 4,158.8 1,907.4 5,712.6 11,778.8 684.3 684.3 108.1 108.1 4,158.8 2,015.5 6,396.9 12,571.2 (352.5) (13.1) (365.6) 2017 6 30 1 2 3 2,558.5 1,422.5 2,559.9 6,540.9 0.1 574.5 574.6 13.3 58.8 72.1 2,558.6 1,435.8 3,193.2 7,187.6 (648.5) (18.9) (667.4) 12 2018 6 30 3 2017 7 1 2,559.9 574.5 58.8 (18.9) 2,780.4 452.6 2 352.5 144.2 (109.4) 80.5 5.8 (124.4) (233.4) (139.3) 2018 6 30 5,712.6 684.3 (13.1) 164
5 (e) 2017 6 30 3 2016 7 1 9,688.6 695.1 58.8 (122.1) 7.3 187.8 90.2 10.5 (172.2) 5.7 (54.2) (7,280.1) (38.6) 97.5 2017 6 30 2,559.9 574.5 58.8 (18.9) 3 2018 2017 1,803.0 1,716.1 1 3,909.6 843.8 2 5,712.6 2,559.9 1 2 36 165
6 (a) (b) 2018 6 305% 20175% 7,486.4 20175,288.0 (c) 166
6 (d) 28 (2011)36 2018 6 30600.0 2017 (e) 21 3(j) (f) (g) (h) 167
6 (i) 7 2018 2017 23,380.8 25,968.0 3,109.9 2,410.9 15,488.2 11,201.0 10,423.5 9,354.5 2,814.6 2,410.6 1,479.0 1,422.2 3,670.9 3,389.0 321.8 472.6 60,688.7 56,628.8 168
7 2018 23,949.6 3,312.5 34,449.0 2,814.6 1,479.0 3,671.3 450.0 70,126.0 (568.8) (202.6) (8,537.3) (0.4) (128.2) (9,437.3) 23,380.8 3,109.9 25,911.7 2,814.6 1,479.0 3,670.9 321.8 60,688.7 : 22,783.8 7,763.3 2,814.6 544.6 3,670.9 216.4 37,793.6 597.0 18,148.4 934.4 105.4 19,785.2 23,380.8 25,911.7 2,814.6 1,479.0 3,670.9 321.8 57,578.8 3,109.9 3,109.9 23,380.8 3,109.9 25,911.7 2,814.6 1,479.0 3,670.9 321.8 60,688.7 9,164.0 1,628.0 645.5 1,309.1 (109.3) 233.0 (179.4) 12,690.9 (a) 1,804.6 364.6 (38.7) 1,959.8 216.4 (153.5) (19.8) 4,133.4 15,273.5 93.6 15,367.1 (1,216.1) 30,975.3 1,475.2 (2,179.5) 30,271.0 (b) 264.7 451.0 152.8 1,183.4 32.8 (198.5) 1,886.2 46.8 373.2 60.1 708.9 (0.6) 8.0 1,196.4 33,353.6 (6,272.4) 27,081.2 113,922.6 156,462.2 22,982.2 18,000.8 15,824.5 5,093.5 11,011.5 343,297.3 14,835.6 10,639.1 3,511.8 11,668.2 5,622.5 2,858.6 49,135.8 6,360.3 4,412.5 5,618.0 8,084.6 1.6 231.2 24,708.2 64,313.5 481,454.8 42,945.1 2,947.4 13,440.7 781.0 477.5 3,443.6 1,839.0 65,874.3 160,398.6 226,272.9 (d) 4,989.4 15,336.5 829.7 23.7 2,692.2 659.1 109.5 24,640.1 71.8 31.2 787.6 904.2 362.5 280.6 45.6 2,483.5 80.4 153.0 303.2 536.6 169
7 2017 (c) 26,134.1 2,585.9 30,249.4 2,410.6 1,422.2 3,391.1 564.4 66,757.7 (166.1) (175.0) (9,693.9) (2.1) (91.8) (10,128.9) 25,968.0 2,410.9 20,555.5 2,410.6 1,422.2 3,389.0 472.6 56,628.8 7,419.6 1,377.7 774.9 1,166.6 (52.0) 220.0 225.5 11,132.3 (40.8) 213.5 314.3 663.3 (97.7) (624.0) 428.6 1,246.7 117.1 1,363.8 (1,173.4) 11,751.3 1,705.9 (2,152.0) 11,305.2 (26.3) 428.8 269.9 1,546.3 (27.4) (161.6) 2,029.7 113.5 167.9 983.2 600.1 30.7 1,895.4 15,230.3 (4,755.6) 10,474.7 117,055.7 108,476.1 18,048.9 15,191.8 17,549.5 5,182.7 11,912.9 293,417.6 11,754.9 13,271.9 3,308.7 11,957.4 5,873.4 3,151.1 49,317.4 5,979.4 3,996.0 6,819.9 9,373.1 233.4 26,401.8 67,919.5 437,056.3 31,902.8 1,108.9 12,058.8 618.9 474.7 3,488.2 1,840.3 51,492.6 164,619.2 216,111.8 (d) 2,845.8 14,295.1 5,301.2 37.6 2,963.6 164.5 919.1 26,526.9 58.5 31.6 390.8 822.1 276.3 294.1 79.1 1,952.5 101.2 34.1 90.3 243.1 468.7 170
7 (d) 2018 33,397.2 132,470.3 26,234.0 82,742.2 1,057.5 1,385.3 60,688.7 216,597.8 2017 29,978.6 97,141.0 25,958.8 74,391.1 691.4 300.9 56,628.8 171,833.0 (a) (b) 2018 1 11 Fortland Ventures Limited H11.35 208,000,000 H2018 1 16 H23.86%12.79% 783.8 2018 2 2 2018 2 2 2018 2 239 1,095.5 2018 6 30 300.0 100.0200.0 (c) 2017 6 30Tricor Holdings Limited 932.8 204.0 52.3 34.3 (d) (e) 2018 6 30 13,894.04,450.5 9,443.5 8 2018 2017 137.3 528.8 171
9 2018 2017 7(a) 1,095.5 (34.3) 546.9 374.2 91.3 (236.7) 7(a) 850.1 74.2 114.9 110.2 7.8 69.2 232.4 167.8 133.7 244.2 (116.4) (a) 1,821.0 (127.2) 90.3 124.8 431.0 (27.3) (139.2) (192.9) (48.4) (220.3) (231.3) (96.1) (49.8) (64.3) (433.3) 4,133.4 428.6 (a) 172
10 2018 2017 3,018.3 2,244.4 (921.1) (629.5) 2,097.2 1,614.9 (16,203.6) (19,706.7) (21,978.3) (17,239.4) (1,503.4) (1,035.3) (50.5) (64.4) (877.8) (802.2) (51.8) (50.6) (1,524.3) (1,258.6) 15(a) (8,812.2) (6,810.7) (64.1) (59.2) (8.8) (8.6) 11 2018 2017 3,059.1 2,897.9 2,105.5 2,335.1 27.5 19.0 5,192.1 5,252.0 (1,851.2) (2,319.4) (1,161.4) (780.6) 2,179.5 2,152.0 3.9% 20173.6% 173
12 2018 2017 751.9 704.1 2,370.3 1,606.3 3,187.1 2,085.5 27 206.8 246.3 (243.7) 113.4 6,272.4 4,755.6 16.5% 201716.5% 12% 25% 201712% 25% 30% 60% 201730% 60% 626.0 161.3 2017 779.5 263.0 2018 2017 30,271.0 11,305.2 16.5% 201716.5% 4,994.7 1,865.4 941.6 742.8 (3,131.4) (1,200.2) 903.8 955.6 311.9 374.9 40.1 400.2 (56.0) (67.0) 201.4 292.6 8.7 2.5 (124.3) (125.8) (210.7) (44.5) (796.5) (521.1) 2.0 (5.3) 3,085.3 2,670.1 3,187.1 2,085.5 6,272.4 4,755.6 174
13 2018 2017 23,338.1 7,675.7 (2.1) 23,336.0 7,675.7 2018 2017 9,974.0 9,553.2 24.7 10.9 9,998.7 9,564.1 2017 14 2018 2017 0.1420170.13 1,414.1 1,258.8 0.3420170.33 3,470.4 3,244.7 4,884.5 4,503.5 1,175.4 1,056.3 # 2,626.7 # 2018 2018 9 200.34 2019 6 30 175
15 (a) 2018 2017 10,180.0 8,283.8 24.0 4.0 353.6 296.2 (b) 57.2 56.6 10,614.8 8,640.6 (1,802.6) (1,829.9) 8,812.2 6,810.7 (b) 2017 7 1 2018 6 30 2018 6 30 2014 1 22 2017 7 3 7.2 10.4 129,691,419 53,450,000 (53,197,038) (4,658,690) 125,285,691 63,522,436 (i) 8.486 10.036 9.214 9.187 8.812 8.427 2015 3 9 14.120 49,455,830 (8,214,363) (74) 41,241,393 41,241,393 (ii) 14.120 14.120 14.120 14.120 14.120 176
15 (b) (i) 2006 11 242012 3 13 102014 1 222014 10 272015 7 72016 3 92016 6 1030,100,000 34,400,000 20,100,000 20,200,000 68,037,92810.4009.5109.9767.2007.540 2016 11 22 102017 7 353,450,000 10.036 2014 1 22 42014 1 222015 1 222016 1 222017 1 22 2018 1 21 2014 10 27 42014 10 272015 10 272016 10 272017 10 272018 10 26 2015 7 7 42015 7 72016 7 72017 7 72018 7 7 2019 7 6 2016 3 9 42016 3 92017 3 92018 3 92019 3 9 2020 3 8 2016 6 10 42016 6 102017 6 102018 6 102019 6 10 2020 6 9 2017 7 3 42017 7 32018 7 32019 7 32020 7 3 2021 7 2 2018 6 3011.571201710.128 (ii) 2011 11 2110 2011 11 2110%3,388,900,598 2015 3 955,470,00014.1602015 3 9 2020 3 8 14.1202017 5 15 (iii) 177
15 (c) 5 42017316(a) 1 20172 2018 2017 15.5 31.7 0.6 1.2 0.7 0.2 16.8 33.1 2018 2017 15,500,001 16,000,000 1 16,500,001 17,000,000 1 17,000,001 17,500,000 1 1 2 (d) 16(a)15(c) 2018 2017 5,000,001 5,500,000 3 5,500,001 6,000,000 2 11,500,001 12,000,000 1 2 4 178
16 (a) (i) (iii) (ii) 2018 6 30 1.7 3.1 52.5 57.3 0.3 0.1 0.4 0.5 2.6 36.1 39.2 0.6 0.2 0.8 0.7 0.2 0.9 0.4 7.3 1.6 0.2 0.7 10.2 0.7 0.2 0.9 0.7 0.2 0.9 0.6 0.2 0.8 0.1 0.1 0.3 0.8 7.8 8.9 0.3 0.2 2.2 2.7 0.3 0.8 14.8 15.9 0.5 0.3 8.6 9.4 0.1 0.3 13.6 14.0 0.1 0.5 16.8 17.4 7.9 7.3 1.6 9.9 0.7 152.4 179.8 179
16 (a) (i) (iii) (ii) 2017 6 30 1.5 3.7 50.0 55.2 0.3 0.2 0.5 0.5 2.1 30.6 33.2 0.7 0.1 0.8 0.8 0.1 0.9 0.3 7.0 1.6 0.1 0.7 9.7 0.7 0.1 0.8 0.8 0.1 0.9 0.6 0.1 0.7 0.4 0.8 7.2 8.4 0.4 0.1 2.1 2.6 0.4 0.9 5.4 6.7 0.4 0.8 12.7 13.9 0.5 0.5 7.9 8.9 8.3 7.0 1.6 9.7 0.7 115.9 143.2 (i) (ii) (iii) 2 (iv) 180
16 (b) 2017 4 10 2017 7 1 2020 6 30 2020 6 30 2017 5 262018 6 301,728.3(2017 1,419.7) 2017 10 27() (() ) ()() ( )18.5 (22)2018 3 28 17 2018 2017 86,254.8 61,936.3 63,472.9 43,824.1 149,727.7 105,760.4 2017 7 1 61,936.3 43,824.1 105,760.4 1,042.2 441.3 1,483.5 7,083.5 7,083.5 (539.6) (539.6) 387.5 6,761.4 7,148.9 134.5 7,255.0 7,389.5 79.6 7,712.5 7,792.1 (252.5) (568.2) (820.7) (937.0) (937.0) 4,586.9 10,780.2 15,367.1 12,733.4 (12,733.4) 2018 6 30 86,254.8 63,472.9 149,727.7 181
17 2016 7 1 53,385.3 33,211.7 86,597.0 (362.5) (115.1) (477.6) 1,800.9 1,800.9 (297.1) (297.1) 740.1 11,833.9 12,574.0 1,487.2 1,487.2 3,368.9 69.2 3,438.1 (130.7) (130.7) (595.2) (595.2) 2,330.7 (966.9) 1,363.8 208.7 (208.7) 2017 6 30 61,936.3 43,824.1 105,760.4 2018 6 30 20182017 6 30 3 182
17 2018 45,399.8 23400 2,862.0 2,7306,500 1.5% 5.3% 3.5% 4.2% 29,166.0 13261 2.0% 12.0% 260.6 19,00021,000 6,757.2 143,000690,000 1,809.2 121214 4.25%-15.0% 86,254.8 2018 55,975.2 2,13063,000 6,666.7 29,000 831.0 226,000381,000 0.8%-15.0% 0.5%-0.7% 63,472.9 183
17 2017 31,379.2 22400 2,441.0 2,4006,700 1.5%-5.3% 4.3%-4.5% 17,299.1 28325 2.0%-9.0% 3,272.1 11,70024,100 5,856.9 75,000517,000 1,688.0 115207 4.3%-15.0% 61,936.3 2017 35,441.0 1,30060,000 6,356.3 28,000 2,026.8 218,000264,000 0.5%-15.0% 0.5%-2.8% 43,824.1 2018 6 3044,509.6 201729,169.87,800.0 20175,440.0 184
18 (a) 2017 7 1 2,284.9 11,226.1 11,621.1 13,468.8 38,600.9 219.7 362.8 157.3 739.8 53.4 59.6 2.7 115.7 397.9 1,009.0 2,384.4 3,791.3 (298.1) (33.3) (85.6) (3,642.3) (4,059.3) 265.0 810.9 1,075.9 (1.9) (1.9) 2,114.1 165.3 (2,279.4) (813.4) (874.3) (1,687.7) (15.9) (303.2) (319.1) 2018 6 30 2,251.8 13,959.5 11,952.8 10,091.5 38,255.6 2017 7 1 102.1 2,112.4 5,578.6 7,793.1 118.5 294.0 412.5 (159.3) (10.6) (4.4) (174.3) (0.3) (0.3) 171.6 323.6 1,008.2 1,503.4 96.1 96.1 (387.6) (670.0) (1,057.6) (7.1) (250.4) (257.5) 2018 6 30 114.4 2,149.2 6,051.8 8,315.4 (b) 2018 6 30 2,137.4 11,810.3 5,901.0 10,091.5 29,940.2 185
18 (a) 2016 7 1 2,379.8 10,921.3 7,664.3 10,500.7 31,466.1 (131.5) (65.0) (62.1) (258.6) 1,083.6 2,891.6 192.5 4,167.7 99.9 1,274.9 2,991.0 4,365.8 (94.9) (1,203.7) (38.2) (1,336.8) 540.3 540.3 153.3 (153.3) (83.8) (259.8) (343.6) 2017 6 30 2,284.9 11,226.1 11,621.1 13,468.8 38,600.9 2016 7 1 103.2 2,434.8 5,055.6 7,593.6 (49.2) (27.4) (76.6) (18.5) (489.0) (29.2) (536.7) 17.4 258.8 759.1 1,035.3 49.8 49.8 (43.0) (229.3) (272.3) 2017 6 30 102.1 2,112.4 5,578.6 7,793.1 (b) 2017 6 30 2,182.8 9,113.7 6,042.5 13,468.8 30,807.8 (a) (b) 2018 6 306,649.7 20176,836.4 186
19 2018 2017 1,715.0 1,932.2 62.7 (34.7) 14.6 35.0 (132.2) (1.0) (0.5) (697.2) (50.5) (64.4) 1,064.0 1,715.0 2018 6 30 128.6 2017270.8 20 2018 2017 16,528.9 16,945.2 657.7 (324.7) 3.5 (91.6) 17,190.1 16,528.9 4,687.0 4,038.8 221.8 (92.4) 877.8 802.2 (61.6) 5,786.6 4,687.0 11,403.5 11,841.9 2018 6 30 201711,697.8 187
21 2017 7 1 3,222.9 73.6 705.5 4,002.0 68.1 68.1 488.6 54.1 542.7 (40.5) (40.5) 2018 6 30 3,739.1 73.6 759.6 4,572.3 2017 7 1 287.3 3.9 287.0 578.2 (1.3) (1.3) 5.3 46.5 51.8 192.9 192.9 (31.3) (31.3) 2018 6 30 447.6 9.2 333.5 790.3 2018 6 30 3,291.5 64.4 426.1 3,782.0 2016 7 1 2,579.4 636.3 3,215.7 (30.1) (30.1) 707.8 73.6 69.2 850.6 (34.2) (34.2) 2017 6 30 3,222.9 73.6 705.5 4,002.0 2016 7 1 273.1 240.3 513.4 3.9 46.7 50.6 14.2 14.2 2017 6 30 287.3 3.9 287.0 578.2 2017 6 30 2,935.6 69.7 418.5 3,423.8 188
21 2018 2.5 2.5 270.7 270.7 1,342.7 1,342.7 1,478.4 1,478.4 197.2 197.2 1,542.4 1,749.1 3,291.5 2017 2.5 2.5 257.6 257.6 1,211.9 1,211.9 9.2 9.2 1,046.7 1,046.7 407.7 407.7 1,622.1 1,313.5 2,935.6 12.4% 201712.4% 849.3 2017849.3 362.6 2017362.63.0 11.0% 2017 0.0 7.0%2.0% 20172.0% 8.5% 20178.5% 189
21 5.0% 20175.0% 12.4% 201712.4% 3.0 5.5% 20173.0 5.5%3.0% 2017 3.0%10.4% 201711.1% 22 2018 2017 5,019.4 7,041.2 2.2 2.2 (a) 3,359.4 2,892.4 8,381.0 9,935.8 5,366.3 5,228.8 1,846.0 2,077.9 (a) 6,624.0 6,207.7 13,836.3 13,514.4 7,109.2 7,376.8 1,330.4 1,330.4 (a) 18,478.9 17,160.0 26,918.5 25,867.2 49,135.8 49,317.4 190
22 (a) 2018 2017 (i) 664.1 661.2 (ii) 10,535.5 6,772.4 17,262.7 18,826.5 28,462.3 26,260.1 (i) 8.5% 10.0% 20178.5% 10.0% (ii) 0.9% 1.0% 20172.0% (b) 2018 2017 6 30 1,886.2 2,029.7 375.6 (307.0) 2,261.8 1,722.7 (c) 6(d)2018 6 30 600.0 2017 (d) 50 191
23 2018 2017 2,303.2 4,118.5 1,050.5 1,069.9 16,605.5 16,435.3 19,959.2 21,623.7 396.2 721.7 (a) 4,352.8 4,056.4 24,708.2 26,401.8 (b) 1,995.1 6,822.5 (a) 2018 2017 (i) 109.7 109.7 (ii) 1,600.0 1,600.0 2,643.1 2,346.7 4,352.8 4,056.4 (i) (ii) 8.0% 20178.0% 1.3% 20171.3% 12 (b) (c) 1,995.1 20176,822.5 6(d)2018 6 30 2017204.0 2018 2017 6 30 1,196.4 1,895.4 496.7 (37.4) 1,693.1 1,858.0 (d) 51 192
24 2018 2017 (a) 6,699.4 3,113.7 3,881.4 2,188.4 43.2 130.3 (a) 920.6 868.7 234.2 239.8 11,778.8 6,540.9 (a) (b) 2018 2017 5,966.0 3,969.8 4,489.8 1,709.8 1,272.8 795.8 50.2 65.5 11,778.8 6,540.9 25 2018 2017 46.0 44.4 193
26 2018 2017 88.6 9.8 19.5 3.5 58.8 19.5 62.3 108.1 72.1 (36.1) (365.6) (631.3) (365.6) (667.4) 2018 6 3022,710.7 201718,385.5 27 2018 2017 749.3 740.9 (10,287.9) (9,327.2) (9,538.6) (8,586.3) (8,586.3) (7,768.3) 154 (34.2) (8,620.5) (7,768.3) (176.4) 211.4 (889.9) (587.4) 107.6 4.5 7.7 5.4 36.9 (359.7) (4.0) (92.2) (9,538.6) (8,586.3) 194
27 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 14.0 13.9 15.5 11.3 461.0 372.1 51.3 40.4 208.5 215.4 750.3 653.1 15 4 (33.3) (33.3) 14.0 13.9 15.5 11.3 427.7 372.1 51.3 40.4 208.5 215.4 717.0 653.1 0.5 (0.3) 0.4 3.7 4.2 (9.6) 7.2 (5.9) 12.3 (12.1) 0.5 0.5 (23.2) (23.2) (0.6) 0.4 8.8 0.5 (14.3) 98.0 32.6 10.9 (24.4) (1.0) 2.1 108.8 13.9 14.0 24.7 15.5 394.4 461.0 83.9 51.3 191.3 208.5 708.2 750.3 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 (3,284.6) (2,649.4) (1,773.8) (1,453.7) (1,352.2) (1,370.3) (1,744.3) (1,883.8) (1,015.7) (873.3) (166.0) (190.9) (9,336.6) (8,421.4) 15 4 (0.9) (0.9) (3,285.5) (2,649.4) (1,773.8) (1,453.7) (1,352.2) (1,370.3) (1,744.3) (1,883.8) (1,015.7) (873.3) (166.0) (190.9) (9,337.5) (8,421.4) (21.6) 25.6 (24.8) 18.4 (50.1) 22.5 (70.4) 35.1 (17.8) 111.6 (4.0) 10.3 (188.7) 223.5 (17.2) (521.2) (887.6) (66.7) 14.9 (889.9) (587.9) 31.5 46.4 51.5 4.5 1.4 130.8 4.5 7.7 5.4 7.7 5.4 76.6 (139.6) (206.8) (246.3) 114.5 57.8 124.8 104.4 (65.9) (259.4) (8.4) 14.6 34.8 (468.5) (4.0) (92.2) (4.0) (92.2) (3,216.2) (3,284.6) (2,850.6) (1,773.8) (1,236.3) (1,352.2) (1,689.9) (1,744.3) (1,090.3) (1,015.7) (163.5) (166.0) (10,246.8) (9,336.6) 15,125.4 201716,052.74,620.9 20174,392.1202320172022 195
27 2018 6 30 110201771 28 2018 2017 (a) 4,344.7 1,452.7 1,266.2 1,159.9 1,024.2 6,635.1 2,612.6 (a) 2018 2017 (i) 4,462.2 1,483.4 (147.4) (65.7) 29.9 35.0 4,344.7 1,452.7 (i) 3,768.9 20171,193.9 302017 30 2018 6 30340.1 201784.0 196
29 2018 2017 12 22,286.8 30,256.7 12 14,884.2 18,273.3 37,171.0 48,530.0 2018 6 302,035.3 20178,808.5 30 2018 2017 121.7 27.3 709.8 728.8 831.5 756.1 31 2018 2017 (a) 3,456.0 3,161.9 34 547.2 1,723.2 1,246.8 (e) 1,321.0 1,105.0 1,066.4 (g) 13,684.0 18,621.6 (h) 51.3 88.1 (i) 4,179.1 3,132.4 25,519.6 27,864.4 (a) 197
31 (a) 2018 2017 30 2,675.8 2,441.8 31 60 282.7 341.5 60 497.5 378.6 3,456.0 3,161.9 (b) 2018 6 30848.8 2017800.6 2018 2017 30 456.9 197.5 31 60 74.8 254.5 60 317.1 348.6 848.8 800.6 2018 6 3072.0 201757.2 2018 2017 30 31 60 60 72.0 57.2 72.0 57.2 (c) 2018 2017 57.2 64.4 0.9 (0.7) 17.1 12.9 (1.0) (1.1) (2.2) (18.3) 72.0 57.2 198
31 (d) 2018 2017 12,961.3 10,786.1 7,778.5 13,493.5 4,658.6 3,378.3 121.2 206.5 25,519.6 27,864.4 (e) 2018 6 30 2017 7 1 ((i)) 952.6 237.3 ((ii)) 368.4 547.2 1,321.0 784.5 (i) (ii) (f) (g) 2018 6 3064.3 20177,178.0 (h) 2018 6 30 (i) 2018 6 30279.7 2017310.0 12.2% 2017 10%12.2% 199
32 2018 2017 684.3 574.5 0.1 684.3 574.6 0.1 684.3 574.5 684.3 574.6 2018 2017 641.3 481.3 27.2 77.5 15.8 15.8 684.3 574.6 33 2018 2017 35,027.8 32,115.5 27,513.0 29,648.1 62,540.8 61,763.6 847.6 5,222.4 63,388.4 66,986.0 67.7 120.5 63,456.1 67,106.5 0.02% 5.00% (20170.0083% 4.9%2 365 (20173 365 2018 6 30 67.7 201760.2 200
33 2018 2017 35,722.7 26,333.3 15,418.2 19,174.6 12,020.9 21,205.1 294.3 393.5 63,456.1 67,106.5 34 2018 2017 31(e) 368.4 31 547.2 42(b) (2,626.3) 42 (2,297.3) (2,257.9) (1,750.1) 2017 6 3011 12,807.014,557.1 35 2018 2017 875.5 130.7 1,880.7 2,756.2 130.7 201
35 2018 2017 8.8 8.8 2017 8 185% 2018 6 30 36 2018 2017 9,815.2 73,233.6 9,388.4 69,599.8 (a) 357.2 3,802.1 402.4 3,426.0 (b) (11.5) 53.2 490.2 24.4 207.8 10,214.1 77,525.9 9,815.2 73,233.6 (a) 2018 6 30 10.655210.6172246,520,387 110,705,8022017 2018 (b) 2018 6 30 10.88 11.96130,537,760 11,460,000 2018 6 30 2017 9 4,000,000 11.24 11.02 44.5 2017 10 2,000,000 11.96 11.80 23.8 2017 11 1,797,000 11.80 11.70 21.1 2017 12 1,663,000 10.98 10.88 18.2 2018 6 2,000,000 11.50 11.28 22.9 11,460,000 130.5 202
37 2016 10 61,200.05.75% 9,212.3 38 2018 6 3029,480.2 201725,401.519,435.6 201718,834.12018 6 30 3,502.8 20172,243.42,573.9 20171,974.3 20182017 6 30 2018 2017 55,507.4 55,001.3 19,267.2 20,724.6 3,364.0 78,138.6 75,725.9 (12,995.0) (14,328.8) (11,806.7) (12,122.1) (3,213.1) 50,123.8 49,275.0 (173.8) (217.9) 49,950.0 49,057.1 203
38 20182017 6 30 2018 2017 35,114.8 31,385.0 6,865.6 6,330.4 (745.0) (685.2) 6,120.6 5,645.2 265.5 (330.2) 6,386.1 5,315.0 (39.3) (8.6) 6,346.8 5,306.4 43.0 10.9 20182017 6 30 2018 2017 4,428.8 2,958.3 1,506.9 2,403.6 (5,114.5) (7,742.5) 821.2 (2,380.6) 38.7 (75.5) 6,436.8 8,892.9 7,296.7 6,436.8 204
39 2017 6 30 4,198.7 1,966.3 991.2 260.4 744.3 104,696.7 112,857.6 15 4 251.6 251.6 2017 7 1 4,198.7 1,966.3 991.2 260.4 744.3 104,948.3 113,109.2 (432.6) (432.6) (72.3) (72.3) 7.1 7.1 57.2 57.2 (47.3) 47.3 59.0 59.0 (164.9) (164.9) (4.6) 37.4 32.8 (27.9) (27.9) (9.8) (9.8) (4.1) 22.3 18.2 (163.0) (163.0) 23,338.1 23,338.1 (0.4) 10.1 576.6 (4.8) 581.5 51.3 51.3 15.1 15.1 (163.8) 24.7 139.1 3,521.9 3,521.9 3,594.4 3,594.4 2017 (3,246.3) (3,246.3) 2018 (1,414.1) (1,414.1) (130.9) (130.9) 2018 6 30 7,556.8 1,468.1 1,068.6 270.3 4,774.3 123,585.9 138,724.0 205
39 2016 7 1 3,736.4 1,395.4 798.1 236.3 2,510.8 101,296.6 109,973.6 432.9 432.9 79.3 79.3 54.1 54.1 53.3 53.3 (29.2) 29.2 (40.8) (40.8) (34.5) (34.5) 3.5 3.5 29.6 (7.7) 21.9 (9.4) (9.4) (13.2) (69.6) (82.8) 9.1 9.1 7,675.7 7,675.7 4.6 20.8 (202.6) (4.5) (181.7) 155.7 155.7 (0.7) 15.1 14.4 0.9 (0.9) 462.3 462.3 (1,446.2) (1,446.2) 2016 (2,912.3) (2,912.3) 2017 (1,258.8) (1,258.8) (111.7) (111.7) 2017 6 30 4,198.7 1,966.3 991.2 260.4 744.3 104,696.7 112,857.6 206
39 2018 2017 30,454.8 7,145.2 59.0 (40.8) (164.9) 9.1 (105.9) (31.7) 30,348.9 7,113.5 40 2018 2017 18,134.4 19,703.3 70,754.0 73,594.4 2,976.2 2,873.6 1,309.5 1,264.4 38,280.0 41,959.7 (b) 521.0 1,357.8 131,975.1 140,753.2 (11,851.5) (14,857.9) 120,123.6 125,895.3 6,856.0 4,576.3 5.0 5.0 (b) 1,916.6 1,785.4 8,777.6 6,366.7 11,851.5 14,857.9 20,629.1 21,224.6 140,752.7 147,119.9 207
40 (a) 2018 2017 2018 2017 2018 2017 1 18,707.5 15,721.4 5.0 5.0 3,712.8 2 16,931.1 15,260.9 1,309.7 10,213.5 35 56,515.8 63,560.2 2,976.0 4,138.0 15,029.8 17,362.4 5 3,590.0 3,331.5 13,036.7 20,884.5 95,744.4 97,874.0 4,290.7 4,143.0 38,280.0 41,959.7 (b) 380.7 2017367.642.1 201790.04.75% 20174.75%) 2.0% 20172.0%)12 521.0 20171,357.8 2.2% 558.9 (c) 2018 2017 2.2% 5.1% 4.1% 2.6% 1.9% 5.2% 2.2% 2.6% 5.3% 5.4% 5.3% 5.5% 5.4% 2.0% 4.8% 2.8% 4.8% 6.2% 6.5% 3.0% 6.0% 3.0% 6.3% (d) 40,111.5 201744,610.9 (e) 2018 2017 100,185.1 99,788.5 28,182.5 28,148.1 12,237.5 19,048.6 147.6 134.7 140,752.7 147,119.9 208
40 (f) 2018 5 92,154.4 4,290.7 422.9 25,243.3 122,111.3 5 3,590.0 13,036.7 16,626.7 95,744.4 4,290.7 422.9 38,280.0 138,738.0 2017 5 97,874.0 4,143.0 1,016.5 21,211.2 124,244.7 5 20,748.5 20,748.5 97,874.0 4,143.0 1,016.5 41,959.7 144,993.2 41 2018 2017 170.6 180.4 44.2 30.8 591.7 546.2 806.5 757.4 42 2018 2017 (a) 13,040.9 8,693.9 34 2,297.3 15,175.4 (b) 25,543.2 (e) 1,813.6 1,369.7 (e) 2,431.3 2,334.2 22,230.0 20,864.7 65,059.0 50,735.2 209
42 (a) 2018 2017 30 9,974.4 6,098.0 31 60 366.5 875.7 60 2,700.0 1,720.2 13,040.9 8,693.9 (b) 2018 6 30 2017 7 1 22,583.9 14,533.4 2,626.3 2,297.3 333.0 330.3 25,543.2 17,161.0 (c) 2018 9,558.4 2,162.2 191.4 11,912.0 190.9 (d) 2018 58,485.0 11,422.4 69,907.4 15 210
42 (e) (f) 2018 2017 34,051.0 22,303.1 29,895.8 27,447.1 709.4 519.0 189.1 199.6 213.7 266.4 65,059.0 50,735.2 43 7 (a) (b) (c) (d) (e) 44 (a) 2018 2017 1 3,196.6 1,953.5 25 4,343.2 2,789.2 5 1,974.9 614.2 9,514.7 5,356.9 1 1620171 17 211
44 (b) (i) 2018 2017 957.5 1,235.3 5,271.5 3,530.4 2,977.6 1,689.5 1,702.5 1,153.1 10,909.1 7,608.3 2018 2017 9,703.7 3,789.5 (ii) 2018 2017 1 1,202.3 918.4 25 3,903.9 3,241.1 5 3,283.2 3,028.0 8,389.4 7,187.5 1 1920171 17 (iii) 2066 200 20%30% 45 2018 2017 4,477.9 3,015.9 4,171.6 3,994.1 1,824.8 1,938.2 10,474.3 8,948.2 212
46 (a) 2018 2017 30,975.3 11,751.3 1,503.4 1,035.3 980.1 917.2 (15,367.1) (1,363.8) (90.3) (124.8) (431.0) (546.9) (1,095.5) 34.3 (374.2) (91.3) 236.7 (850.1) (74.2) (114.9) (110.2) (7.8) (69.2) (232.4) (167.8) (133.7) (244.2) 116.4 (1,821.0) 127.2 27.3 139.2 192.9 48.4 220.3 231.3 96.1 49.8 (137.3) (528.8) 57.2 56.6 64.3 433.3 13,878.2 11,439.2 (72.8) (4.2) (10,011.0) (14,282.3) (4,769.3) (1,753.2) 13,953.0 13,032.9 12,978.1 8,432.4 213
46 (b) 2017 7 1 140,753.2 6,366.7 147,119.9 13,631.5 5,546.0 19,177.5 (22,762.7) (3,206.7) (25,969.4) 272.3 272.3 (586.5) (586.5) 166.3 63.6 229.9 501.0 8.0 509.0 2018 6 30 131,975.1 8,777.6 140,752.7 (c) 2018 2017 7,083.5 1,800.9 115.7 4,167.7 54.1 142.8 0.5 22.5 70.7 7.3 4.1 86.2 112.2 575.6 468.0 699.0 (1,325.8) (787.8) (500.3) (85.6) (889.9) (587.9) (0.8) (57.6) (272.3) (589.3) 4,871.0 5,442.5 (2,660.7) (3,751.8) (2,570.1) (359.8) 1,690.7 488.6 707.8 (374.2) 128.8 2,024.3 214
46 (d) 2018 2017 (128.8) (2,024.3) 155.8 468.0 699.0 339.2 (1,169.5) (e) 2018 2017 539.6 297.1 630.1 697.2 9.2 23.2 27.3 40.4 1,892.0 717.0 8.0 1.5 638.6 211.2 65.5 206.6 (844.5) (882.1) (20.9) (6.5) (586.5) (11.3) (130.8) (4.5) 2,941.5 575.9 (155.9) (35.4) 1,821.0 (127.2) 4,606.6 413.3 215
46 (f) 2018 2017 4,606.6 413.3 6,635.6 5,640.8 (65.5) (206.6) 11,176.7 5,847.5 47 2018 2017 (a) 915.7 1,129.9 (b) 237.5 177.0 (c) 216.8 237.3 (d) 52.2 97.3 2018 2017 (i) (a) 48.0 24.6 (c) 157.2 144.9 (e) 79.0 67.4 (f) 34.5 22.3 (g) 1,433.1 1,300.6 (h) 64.9 58.9 216
47 (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) 22(a) 22 23 31 42 (k) 16l (l) 2017 10 27 18.5 222018 3 28 (m) 2017 9 29Healthcare Ventures Holdings LimitedHealthcare Ventures NWDSmart Future Investments LimitedSmart FutureNWS Service Management LimitedNWS Service Dynamic Ally LimitedDynamic AllyNWS ServiceSmart FutureHealthcare Ventures Smart Future Dynamic Ally Healthcare Ventures Smart Future Dynamic Ally 30% 40% 30% Healthcare Ventures Smart Future Dynamic Ally7.80 217
48 2018 2017 153.0 130.0 8.1 9.5 69,168.3 48,567.9 1,440.4 1,087.5 7.4 7.4 3.3 3.4 55.4 55.4 70,835.9 49,861.1 1,012.1 1,110.0 173.8 214.9 73,363.1 82,500.1 496.6 1,730.4 75,045.6 85,555.4 145,881.5 135,416.5 77,525.9 73,233.6 24,335.3 23,335.8 101,861.2 96,569.4 473.1 369.5 43,547.2 38,477.6 44,020.3 38,847.1 145,881.5 135,416.5 218
48 2017 7 1 (6.8) 184.2 23,158.4 23,335.8 57.2 57.2 (47.3) 47.3 (130.9) (130.9) (0.1) (0.1) 7.1 7.1 5,726.6 5,726.6 2017 (3,246.3) (3,246.3) 2018 (1,414.1) (1,414.1) 2018 6 30 0.2 194.1 24,141.0 24,335.3 2016 7 1 (6.7) 165.3 21,344.3 21,502.9 48.1 48.1 (29.2) 29.2 (0.1) (0.1) 5,956.0 5,956.0 2016 (2,912.3) (2,912.3) 2017 (1,258.8) (1,258.8) 2017 6 30 (6.8) 184.2 23,158.4 23,335.8 219
49 2018 6 30 # (%) 1 1 100 9,998 2¹ 9,998 2 63 63 2 2 100 2 2 100 1 1 61 950,001 950,001 100 1,000,000 1,000,000 80 4,998 2¹ 4,998 2 61 61 Bonson Holdings Limited 1 1 100 1 1 61 Bright Moon Company, Limited 100,000 1,000,000 75 2 2 100 1 1 61 10,000 10,000 100 30,000 3,000,000 100 7,000 700,000 100 1,300,000,000 1,300,000,000 61 10 160,000¹ 1,000 16,000,000 61 61 37,500,000 376,295,750 61 2 2 100 2 2 100 DP Properties Limited 4,000 1,000 100 Dynamic Ally Limited 1 1 61 2,000 200,000 100 100 10,000 85 10,000 1,000,000 100 2 2 100 1 1 100 1 1 100 1 1 100 1 1 61 10,000 10,000 100 1 1 100 1 1 61 100,000 100,000 80 220
49 2018 6 30 # (%) 2 2 100 2 2 100 10 20,177,194 58 10 100 60 40,000 10,000¹ 40,000,000 10,000,000 61 61 400,000 600,000¹ 40,000,000 60,000,000 61 61 2,000,000 200,000,000 61 20,000 20,000,000 61 1 1 61 3 1¹ 3 1 61 61 1 1 61 33,400,000 167,000,000 100 100,000 1,000,000 82 1 1 100 100 100 100 2 2 100 Istaron Limited 4 4 100 100 100 70 1 1 100 Joint Profit Limited 2 2 100 K11 (China) Limited 1 1 100 K11 Concepts Limited 1 1 100 K11 Cultural & Creation Company Limited 1 1 100 K11 Sales & E-Commerce Company Limited 1 1 100 10,000 10,000,000 100 300 300,000 100 2 2¹ 2 2 61 61 2 200 100 2 2 100 2 2 100 221
49 2018 6 30 # (%) 1,800 200¹ 1,800 200 100 4,400,000 44,000,000 100 1 1 100 1,500,000 15,000,000 100 2 2 100 1 1 100 100 100 100 1 1 61 1 1 100 1 1 61 1 1 61 3 410,045,794 75 2 2 75 2 4 100 100 100 70 1 1 61 200,000 20,000,000 100 999,900 100¹ 99,990,000 10,000 61 81 576,000,000 510,795,731 100 1 1 100 2 2 61 1 1 100 1 1 100 2 2 100 New World Tower Company Limited 2 20 100 2 2 61 1 1 100 2 2 100 2 2 61 NWS Holdings (Finance) Limited 1 1 61 1 1 61 222
49 2018 6 30 # (%) 1 1 61 50,000,000 50,000,000 100 10,000 10,000 100 100 100 92 10,000 10,000 100 1 1 80 2 100,000¹ 20 1,000,000 61 61 10 10 92 Pontiff Company Limited 10,000,000 10,000,000 100 Pridemax Limited 2 2 100 1 1 61 1,000 1,000 100 2 2 100 1,000 1,000 100 Richglows Limited 2 2 100 10,000 10,000 51 10,000 10,000 51 Rosy Page Limited 15,000,000 15,000,000 100 1 1 100 10,000 10,000 75 100 100 75 Seaworthy Investments Limited 1 1 100 1 1 75 2 2 85 1 1 100 100 100 61 2 2 100 10 10 100 Super Memory Limited 2 2 100 1 1 100 10,000 10,000 100 2 20 100 10,000 10,000 100 223
49 2018 6 30 # (%) 299,999,998 2¹ 299,999,998 2 61 61 1 1 61 Ultimate Vantage Limited 100 100 80 2 2 100 15,000,000 15,000,000 61 1,630,000 20,000¹ 163,000,000 2,000,000 61 61 20,000,004 60,328,449 61 2 2 100 2 2 100 2 2 61 2 2 100 # (%) Chinese Future Corporation 1,000,000 0.01 61 8,702,292,242 0.1 100 1,686,145,000 0.1 75 952,180,007 1 100 1,323,943,165 0.1 61 New World International Development Philippines, Inc 6,988,016 100 62 Taipan Eagle Sdn. Bhd. 1,000,000 1 71 # 1 224
49 2018 6 30 ø (%) 25,000,000 W 75 171,840,000 W 100 200,000,000 E 75 13,000,000 W 100 748,000,000 E 75 18,000,000 W 75 60,000,000 W 75 25,000,000 W 75 1,000,000 W 100 100,000,000 E 83 65,000,000 W 75 60,000,000 W 75 78,000,000 W 61 70,000,000 W 75 100,000,000 W 75 58,000,000 E 88 197,324,700 W 100 52,923,600 C 85 1,364,500,500 W 85 714,853,600 W 61 330,000,000 C 100 24,000,000 C 100 140,000,000 W 100 220,000,000 W 100 200,000,000 C 100 244,000,000 C 100 350,000,000 W 100 286,000,000 C 90 50,000,000 W 100 200,000,000 W 100 10,000,000 W 100 225
49 2018 6 30 ø (%) 392,500,000 W 100 2,300,000,000 W 100 320,590,000 E 61 126,000,000 W 75 640,000,000 W 100 255,724,318 W 100 980,000,000 E 95 16,000,000 W 75 69,980,000 W 100 8,000,000 W 100 16,000,000 W 100 145,300,000 W 100 98,200,000 W 100 30,000,000 W 75 50,000,000 W 100 14,000,000 W 75 45,339,518 W 100 5,500,000 W 100 1,420,000,000 W 100 130,000,000 W 100 80,000,000 W 100 50,000,000 W 75 150,000,000 W 75 128,500,000 W 100 18,880,000 W 70 219,500,000 W 100 53,000,000 W 100 590,900,000 W 100 10,000,000 W 100 5,647,800,000 W 100 2,400,000 W 100 226
49 2018 6 30 ø (%) 5,000,000 W 75 40,000,000 W 75 6,460,000 W 75 150,000,000 W 51 130,000,000 W 51 7,150,000 W 75 30,000,000 W 75 50,000,000 W 75 18,000,000 W 75 240,000,000 W 75 85,000,000 W 75 93,970,000 W 75 5,000,000 W 75 100,000,000 W 75 81,000,000 W 100 49,000,000 C 37 α 56,000,000 C 37 α 30,000,000 W 75 501,520,000 W 100 27,880,000 W 75 447,708,674 C 100 150,000,000 C 100 294,000,000 W 100 162,000,000 W 100 5,000,000 W 75 227
49 2018 6 30 ø (%) 91,000,000 W 100 30,000,000 W 75 4,500,000 W 100 2,830,000 W 100 75,000,000 W 75 15,630,000 W 75 80,000,000 W 75 50,000,000 W 75 16,000,000 C 100 72,000,000 C 32 α 500,000 W 61 40,000,000 W 75 80,000,000 W 75 10,000,000 W 75 16,500,000 W 100 50,000,000 W 75 100,000 61 1,000,000 61 α ø W E C 228
49 2018 6 30 # (%) 3,896,506,451 1 61 1 1 100 Beauty Ocean Limited 1 1 61 1 1 100 Crown Success Limited 100 1 100 Eagle Eyes Development Limited 1 1 100 Ease Kind Development Limited 1 1 100 Esteemed Sino Limited 1 1 100 Ever Brisk Limited 1 1 100 1 1 51 Fine Reputation Incorporated 10,000 1 100 Flying Gravity Limited 1 1 61 Fortland Ventures Limited 1 1 61 100 1 100 Fotoland Limited 1 1 100 1 1 51 Gigantic Global Limited 2 1 100 1 1 100 Gravy Train Investments Limited 1 1 61 HH Holdings Corporation 600,000 1 61 Hing Loong Limited 20,010,000 1 100 Ideal Global International Limited 1 1 61 K11 Group Limited 1 1 100 K11 Investment Company Limited 1 1 100 1,000 1 100 1 1 100 Lotsgain Limited 100 1 100 229
49 2018 6 30 # (%) Login SCM (BVI) Limited 1 1 100 Magic Chance Limited 1 1 100 Moscan Developments Limited 1 1 61 Natal Global Limited 1 1 61 1 1 100 1 1 100 New World Hotels Corporation Limited 1 1 100 NWS CON Limited 1 1 61 NWS Construction Limited 190,000 8,125 R 6,791 S 0.1 0.1 0.1 61 NWS Infrastructure Bridges Limited 1 1 61 NWS Infrastructure Power Limited 1 1 61 NWS Infrastructure Water Limited 1 1 61 Penta Enterprises Limited 1 1 100 Pure Cosmos Limited 1 1 61 Radiant Glow Limited 1 1 100 Right Choice International Limited 200 1 52 Right Heart Associates Limited 4 1 61 Righteous Corporation 1 1 61 1 1 100 Steadfast International Limited 2 1 100 Stockfield Limited 1 1 61 Superb Wealthy Group Limited 1 1 100 1 1 100 Total Partner Holdings Limited 1 1 100 100 1 51 True Blue Developments Limited 1 1 100 Winner World Group Limited 10 1 100 230
49 2018 6 30 # (%) Bellwood Group Limited 100 1 61 1 1 61 1 75 Citiplus Investment Limited 1 1 100 1 1 61 1 1 61 Fita International Limited 1 100 1 1 61 Hetro Limited 101 1 61 1 1 61 New World Capital Finance Limited 1 1 100 200,000,000 1 61 1 1 61 1 1 100 Noonday Limited 100 1 61 NWD Finance (BVI) Limited 1 1 100 NWD (MTN) Limited 1 1 100 NWS Financial Management Services Limited 1 1 61 2 1 61 NWS Infrastructure Roads Limited 1 1 61 2 1 61 500,000,016 1 61 Park New Astor Hotel Limited 101 1 100 South Scarlet Limited 1 1 100 Well Metro Group Limited 14,000 1 75 Nacaro Developments Limited 2 1 100 Emerald Bay Resort Co., Ltd. 7,380,000 100 100 # R A S B 231
50 2018 6 30 (%) 4,200,000,000 18 650,000,000 31 990,000,000 15 613,361,800 21 924,000,000 21 580,000,000 15 225,400,000 70 s 12,000,000 70 s 12,000,000 55 s 57,200,000 70 s 19,255,000 40 s 34,400,000 31 80,000,000 62 s 2,539,100,000 37 @s 49,750,000 60 s 232
50 2018 6 30 (%) 50,003,000 62 s 79,597,000 62 s 500,000,000 40 235,000,000 49 856,000,000 49 83,507,110 60 s @ s 50% 622 233
50 2018 6 30 # (%) 100,000 A 20,000 B 2 54,918 1 100,000 20,000 54,918 34 & 49 100 Calpella Limited 2 20 50 30,000,000 165,000,000 50 700 700 29 1 1 51 & 1 1 49 100 100 31 1 1 40 GH Hotel Company Limited 1,001 64,109,750 50 1,000,000 1,000,000 50 1 1 40 Great TST Limited 2 863,878,691 50 Hotelier Finance Limited 1 1 50 Loyalton Limited 2 20 50 1,001 109,109,750 50 100 100 31 1,100,000 1,100,000 18 300,000,000 300,000,000 31 30 30 50 234
50 2018 6 30 # (%) Holicon Holdings Limited 2 1 50 Jaidan Profits Limited 2 1 50 Jorvik International Limited 2 1 50 Orwin Enterprises Limited 2 1 50 1 1 40 DP World New World Limited 2,000 1 31 Great Hotels Holdings Limited 6 1 50 Group Program Limited 1 1 40 Landso Investment Limited 100 35 Newfoundworld Investment 5 1 20 Holdings Limited Silverway Global Limited 2 1 31 Silvery Yield Development Limited 100 1 49 1,000 1 55 & 100 1 40 Hyva I B.V. 19,000 1 31 Goshawk Aviation Limited 362,026,264 *** 0.001 31 Goshawk Management Holdings (Cayman) Limited 100 1 31 FEC Skyline Pte. Ltd. 4,000,000 30 # 1 2 *** & 235
51 2018 6 30 # (%) 100 10,000 30 1,000 1,000 40 GHK Hospital Limited 10 10 24 10,000 10,000 31 Pure Jade Limited 1,000,000 1,000,000 27 200,000 20,000,000 31 100 100 10^ 18,963,723,510 7,576,945,623 6^ 1,000 A 450 B 550 C 100,000 4,500 5,500 45 100 10 10 30 SUEZ NWS Limited 20,256,429 5,134,005,207 26 236
51 2018 6 30 # (%) VMS Private Investment Partners II Limited 2,500 * 0.01 1,745 ** 0.01 61^^ VMS Private Investment Partners III Limited 1,500 * 0.01 611 ** 0.01 61^^ 793,124,034 0.1 17 UMP Healthcare China Limited 100 0.01 12 Tharisa plc 260,240,839 0.001 10^ 237
51 2018 6 30 (%) 500,000,000 12 10,000,000 24 1,770,000,000 18 2,119,052,550 49 2,007,909,020 49 4,400,000,000 30 1,145,000,000 11^ 2,436,604,228 12^ 818,300,000 15 # * ** ^ ^^ 238
6 30 2018 2017 2016 2015 2014 60,688.7 56,628.8 59,570.0 55,245.0 56,501.1 30,975.3 11,751.3 16,583.3 27,970.9 16,823.1 (704.3) (446.1) (536.7) (491.7) (843.6) 3,082.6 3,925.1 2,660.5 3,657.3 3,096.5 33,353.6 15,230.3 18,707.1 31,136.5 19,076.0 (6,272.4) (4,755.6) (6,423.7) (4,264.4) (5,738.2) 27,081.2 10,474.7 12,283.4 26,872.1 13,337.8 (536.6) (395.9) (3,206.5) (2,403.1) (3,617.1) (7,760.1) (3,612.4) 23,338.1 7,675.7 8,666.3 19,112.0 9,725.4 0.14 0.13 0.13 0.12 0.12 0.34 0.33 0.31 0.30 0.30 0.48 0.46 0.44 0.42 0.42 2.34 0.80 0.95 2.17 1.37 2.33 0.80 0.95 2.17 1.37 239
6 30 2018 2017 2016 2015 2014 192,135.4 150,125.1 125,308.1 129,250.0 113,634.5 3,782.0 3,423.8 2,702.3 2,864.1 4,662.5 113,482.3 104,526.4 105,160.5 104,068.9 95,739.3 172,055.1 178,981.0 158,937.7 161,747.7 155,191.1 481,454.8 437,056.3 392,108.6 397,930.7 369,227.4 77,525.9 73,233.6 69,599.8 66,711.6 63,761.3 138,724.0 112,857.6 109,973.6 112,207.0 96,047.0 216,249.9 186,091.2 179,573.4 178,918.6 159,808.3 9,451.8 9,451.8 29,480.2 25,401.5 21,321.9 43,439.4 40,468.2 255,181.9 220,944.5 200,895.3 222,358.0 200,276.5 94,689.3 79,500.6 66,522.5 81,003.1 70,070.5 131,583.6 136,611.2 124,690.8 94,569.6 98,880.4 481,454.8 437,056.3 392,108.6 397,930.7 369,227.4 240
A 1 2 3 4 5 6 241
A 7 8 9 10 11 12 20 242
A 13 14 B 1 I II III IV V VI VII VIII 2 243
B 3 4 5 6 244
B 7 2013 42013 5 13 (i) 2007 6 1 (ii) 2007 6 1 (iii) 35% 8 I II III IV V VI VII VIII 9 10 245
B 11 2018 7 1 9 16 9 12 16 C 1 2 3 246
C 4 5 6 7 8 9 10 11 ESG 247
D 1 2 3 4 5 6 7 70%20%10 50% 248
D 8 30% 60% 20% 9 2016 5 1 11%5% 10 11 12 13 249
D 1 2017827,1226.9% 20160.22010 2 20188090 3 17 20187902018900 4 250
D 5 6 1 2 3 4 5 251
D 6 A 1 2 3 4 252
D B 1 2 3 253
2018 6 30 14 A.6.4 E.1.2 A.6.4A.6.4 10 4.5 E.1.22017 11 21 2018 6 30 2018 6 1 16 3.10A 5260 103(A) 94 3.13 254
(a) (b) (c) (d) (e) 14 14 255
2018 6 30 * * # * * 2018 6 1 # 2018 6 1 256
* * * 2018 6 1 * * 2018 6 1 257
2017 6 302017 12 31 2018 6 30 2018 6 30 * * 2018 6 1 3.13 2013 8 258
259 16 0 2 4 6 8 10 12 14 16 88% 44% 19% 6%
2018 6 30 4/4 1/1 1/1 0/1 4/4 1/1 3/4 1/1 4/4 1/1 3/4 1/1 * 0/0 0/0 * 0/0 0/0 4/4 1/1 4/4 1/1 ** 4/4 1/1 4/4 2/2 0/1 1/1 4/4 1/2 1/1 0/1 4/4 2/2 1/1 1/1 4/4 2/2 1/1 1/1 1/1 4/4 2/2 1/1 1/1 # 0/0 0/0 0/0 0/0 * 2018 6 1 ** 2018 6 1 # 2018 6 1 2018 6 30 6 30 2018 2017 64.1 59.2 8.8 8.6 72.9 67.8 260
2016 1561 2018 12http://www.nwd.com.hk/sustainability/tc/publication.html (GRI) 261
5% 21 28 (i) 2.5% (ii) 50 1,000 (i) (ii) 1830 ir@nwd.com.hk 6263 262
2018 6 30 1 861 2 542 3 562 4 381 5 440 6 695 3,481 7 307 8 370 9 327 10 309 11 283 1,596 12 584 13 533 14 336 15 71 1,524 6,601 2019 16 599 2018 3 263
1 23 13,294 66,470 10.00% 2 1 7,812 90,913 100.00% 3 4A-4P 52,466 472,186 35.00% 4 1 72,000 573,301 40.00% 5 74 11,256 94,972 51.00% 6 / (2) 14,897 111,730 100.00% 7 810,454 3,992,604 10.88% 8 43-45 9,169 100,840 100.00% 9 46 5,530 60,830 100.00% 10 6582 (3) 44,897 524,766 100.00% 11 6572 30,925 363,094 100.00% 12 520 (2) 521,107 2,050,327 100.00% 13 221 618,220 927,330 76.00% 14 402 (2) 148,586 675,021 80.00% 15 1212131A 78,502 78,502 100.00% 16 THE PARKVILLE76 92 8,000 84,046 100.00% 17 527 6,131 21,453 20.97% 18 524 48,933 171,265 20.97% 19 24,230 121,148 100.00% 20 88,157 440,785 100.00% 21 88,658 88,658 100.00% 22 193,591 193,591 100.00% 23 373,240 34.81% 24 110 170,577 68,231 100.00% 11,745,303 : (1) P=D= SP=F=/ S= C=() LE= NA= (2) (3) 264
(1) 6,647 6,647 C 82,934 7,979 90,913 C 165,265 165,265 F 229,320 229,320 S 43,051 5,385 48,436 F 111,730 111,730 S 423,683 10,793 434,476 LE 100,840 100,840 S 60,830 60,830 F 152 488,256 36,358 524,766 F 5,234 357,860 363,094 SP 2,050,327 2,050,327 S 704,770 704,770 P 540,017 540,017 C 78,502 78,502 S 70,106 13,940 84,046 C 4,014 485 4,499 S 35,914 35,914 S 121,148 121,148 F 440,785 440,785 LE 88,658 88,658 LE 193,591 193,591 NA 129,925 129,925 NA 68,231 68,231 LE 5,588,618 43,968 846,116 161,670 36,358 6,676,730 265
1 110,040 110,040 2 640,135 640,135 3 214,336 96,451 4 87,999 87,999 5 524,928 262,464 6 544,518 272,259 7 53,691 21,476 24,682 24,682 8 EIGHT KWAI FONG 65,150 57,965 9 (1) 40,813 40,405 10 Victoria Dockside K11 ATELIER 435,145 435,145 Victoria Dockside 1,105,644 1,105,644 11 (1) 335,960 335,960 12 K11 (1) 335,939 334,259 277,877 138,939 13 285,601 285,601 14 KOHO 204,514 204,514 15 THE FOREST (1) 53,337 26,669 16 9,329,000 3,190,518 17 D PARK 466,400 466,400 18 PopCorn II (1) 125,730 88,011 19 (1) 538,000 538,000 20 (4) 659,003 131,801 236,758 47,352 21 24,155 24,155 16,719,355 8,966,844 (5) 22 Victoria Dockside (6) 1,536,076 1,536,076 23 11 474,617 94,923 24 704-730 487,500 487,500 25 9 65,787 65,787 26 21 100,800 100,800 27 6505 998,210 998,210 28 (1) 3,767,389 3,767,389 : (1) (2) (3) (4) (5) / (6) 12 266
63,383 46,657 2843 77,948 562,187 385 2863 96,451 85 2055 69,173 18,826 (2) 1,070 2060 262,464 2060 272,259 2060 21,476 2868 24,682 2868 57,965 2079 40,405 2084 435,145 2052 1,105,644 2052 335,960 136 2047 334,259 240 2057 138,939 2057 285,601 2057 1,567 202,947 28 2047 26,669 7 2062 3,190,518 (3) 2047 466,400 1,000 2047 88,011 50 2047 538,000 100 2047 99,697 32,104 1,231 2047 47,352 7 2047 24,155 2058 1,729,831 1,319,445 2,650,259 57,965 3,209,344 4,339 2052 2063 2083/2088/2090 2047 2047 2067 2066 267
* A. 1 100% 347,384 2 B 100% 63,494 A 100% 206,481 B 100% 42,369 100% 112,372 3 100% 23,015 4 100% 266,722 5 CF-20 85% 34,683 CF-29 85% CF-27A 85% CF-27B 85% 30,212 CF-30 85% 21,274 CF-31 85% 44,076 85% 791,842 6 30% 176,300 7 DY04-01 51% 122,749 DY04-04 51% 96,307 8 DY02-02 49% 79,840 DY02-04 49% 79,840 9 100% 91,728 10 100% 39,631 100% 296,187 * 268
317,727 29,657 52,519 2022 6 63,494 17,304 2019 12 128,298 78,183 118,720 2018 9 42,369 10,860 2021 4 87,339 25,033 15,518 23,015 14,211 2018 10 93,274 12,005 134,804 26,639 122,005 34,683 1,682 2018 7 39,276 2018 9 12,492 2018 9 30,212 487 2020 6 21,274 526 2020 6 44,076 2020 6 706,951 84,891 252,100 27,940 148,360 3,800 2021 12 98,000 24,749 2,751 2020 12 96,307 193 2020 12 25,000 54,840 160 2020 11 55,000 24,840 160 2021 2 32,294 59,434 49,241 2019 5 39,631 73,946 2019 12 31,950 264,237 114,200 2023 6 269
* A. 11 7-10 49% 164,555 11 49% 67,753 5 49% 150,092 4 49% 47,374 6 49% 14,345 1-4 49% 92,467 12 49% 20,446 12 70% 21,294 70% 16,400 13 70% 60,925 70% 431,314 14 A 100% 40,192 15 100% 75,609 16 2D2 100% 172,599 2E 100% 97,665 2C1 100% 207,751 2C2 100% 225,970 XB 100% 51,849 XC 100% 68,368 17 100% 76,671 18 100% 575,992 5,646,137 * 270
138,582 25,973 104,970 2020 9 9,702 58,051 22,257 2019 5 1,602 93,933 54,557 21,727 2020 6 47,374 22,493 14,345 22,676 92,467 47,100 8,085 12,361 25,982 2019 5 9,063 12,231 13,513 2020 1 1,960 14,440 5,420 60,925 48,689 2023 5 236,590 194,724 319,340 40,192 33,651 2018 9 68,360 7,249 23,378 2018 8 169,778 2,821 86,648 2018 8 97,665 40,878 2018 10 187,858 19,893 61,477 2020 8 212,853 13,117 56,210 2022 8 43,457 8,392 12,616 2022 4 55,622 12,746 9,137 2022 4 25,266 51,405 19,354 2018 10 287,086 189,231 99,675 2021 5 3,121,700 989,539 1,165,450 369,448 1,899,667 271
* B. 1 63% 69,769 2 A 95% 82,340 B 95% 239,675 C 95% 72,378 3 D 100% 14,111 E 100% 21,656 F 100% 17,846 G 100% 11,019 A 100% 56,897 B 100% 14,360 C 100% 112,968 100% 138,305 4 BC 100% 62,404 5 B1 100% 78,357 B2 B3 100% 174,484 6 B 100% 44,789 100% 189,000 1,400,358 7,046,495 * 272
62,329 7,440 20,535 2022 5 81,102 1,238 31,853 2020 6 231,549 8,126 102,701 2021 10 65,025 7,353 22,539 2022 3 14,111 2018 9 20,517 1,139 2,988 2018 9 17,846 2020 5 11,019 2019 12 56,897 10,978 2022 6 14,360 38 2020 7 106,390 6,578 22,278 2021 3 138,305 48,980 2023 1 5,697 37,162 19,545 18,433 2019 3 63,885 14,472 19,425 2019 6 151,515 22,969 46,831 2021 6 44,789 2024 6 189,000 1,211,742 131,909 37,162 19,545 347,579 4,333,442 1,121,448 1,202,612 388,993 2,247,246 273
1 100% 23,752 2 100% 36,356 100% 3 63% 27,463 4 L4 91% L8 91% 54,513 L13 91% 2,061 5 100% 25,336 100% 660 100% 6 100% 7,366 100% 100% 667 7 CF19A 85% 11,043 8 100% 9 100% 10 63% 303 A 63% B 63% 63% 51 11 100% 15,062 12 42% 33,577 13 37% 36,524 274
23,752 65,569 22,112 14,244 36,005 4,898 27,463 42,537 17,829 29,869 24,644 22,183 2,061 25,057 25,336 744 660 151 5,405 7,366 494 1,921 667 1,429 11,043 4,695 38,925 8,017 303 6,952 30 223 51 11,885 15,062 33,577 14,940 36,524 275
14 100% 15 A 100% 140,485 B 100% 2,521 16 100% 104,556 17 100% 10,005 18 100% 48,270 19 K11 100% 10,367 20 60% 29,974 21 95% 22 100% 41,712 23 70% 74,032 24 100% 47,345 25 100% 26 100% 27 100% 28 100% 29 70% 30 70% 31 70% 3,603 32 70% 12,010 33 100% 40,286 34 55% 23,988 35 70% 53,998 36 82% 143,000 276
4,286 81,771 58,714 22,188 2,521 104,556 17,272 10,005 45,766 2,504 27,894 10,367 10,580 563 29,411 5,639 4,694 41,712 11,082 74,032 19,956 47,345 28,948 16,415 43,195 3,439 8,051 43,708 11,398 3,603 21,197 12,010 28,185 40,286 22,000 23,988 53,998 143,000 277
37 100% 87,053 38 100% 25,876 39 B 100% 7,016 40 100% 86,061 41 100% 100% 4,971 42 AB 100% D 100% E 100% 5,673 XA 100% 5,862 A 100% 4,601 B 100% D1 100% 7,911 D2 100% 3,938 100% 43 100% 44 (1) 100% 45 100% 4,789 46 88% 49,413 47 100% 82,401 1,436,451 (1) 278
80,439 6,614 11,284 25,876 7,016 37,776 48,285 10,425 4,971 5,500 10,372 5,673 22,517 3,859 2,003 4,601 155,807 56,104 7,911 57,543 3,938 753 8,710 237,934 4,789 133,183 49,413 19,783 29,153 53,248 21,915 51,981 729,286 256,301 398,883 1,411,846 279
(%) (1) R1 22.0 CJV 65.3 1994 1 2023 R2 CJV 25.0 2030 8.6 1999 12 49.6 1999 12 R3 27.0 CJV 15.0 2005 12 2032 R4 CJV 25.0 2031 48.0 2002 9 5.4 2010 9 R5 34.7 CJV 33.3 1993 6 2023 R6 46.2 Equity 45.9 2010 12 2035 R7 72.4 Equity 22.5 2004 12 2030 R8 Equity 1.4 2013 1 R9 103.4 Equity 100.0 2005 1 2029 R10 321 CJV 52.0 2022 8.7 1997 3 4.3 1998 12 R11 23.2 CJV 60.0 + 2000 7 2025 R12 36.0 CJV 60.0 + 1999 4 2025 R13 309 22.2 CJV 60.0 + 2000 7 2023 R14 18.3 CJV 60.0 + 2000 8 2023 R15 CJV 60.0 # 2039 43.5 1998 12 17.2 2000 12 R16 98.1 EJV 30.0 2010 3 2040 R17 4.0 Equity 29.5 1991 6 2018 692.8 + 12 90%60% # 15 90%60% 2018 7 10 (1) CJV: EJV: Equity: 280
(%) (1) E1 912 35 Equity 42.0 1985 5 # 2,140 4 9,250 75.08 9,600 11 8 9 67 E2 Equity 12.6 2014 10 # E3 EJV 20.0 2008 7 E4 620 EJV 25.0 1996 4 2020 E5 1,200 Equity 35.0 2007 6 2040 E6 700 EJV 35.0 2008 1 2033 9,120,000 2,140 9,250 75.08 9,600 1,820 700 # (1) CJV: EJV: Equity: 281
(%) (1) L1 L2 590 EJV 30.0 2008 1 2009 12 2010 3 2010 4 2010 7 2010 8 2010 8 2010 12 2017 1 2017 6 Equity 56.0 1987 2 1988 3 1992 2 1994 1 1994 11 2057 2047 L3 910 EJV 20.0 2013 12 2063 L4 140 Equity 24.5 1999 1 2027 L5 150 EJV 18.0 2005 11 2035 (1) CJV: EJV: Equity: 282
(%) (1) A1 Goshawk Aviation Limited 105 Equity 50.0 2013 10 # A2 Bauhinia Aviation Capital Limited 6 Equity 50.0 2016 3 A3 141 Equity 5.6 1999 10 # # (1) CJV: EJV: Equity: 283
7 16 30 New World Development Company Limited EBITDA CJV EJV JV WFOE 1,000 20 284