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廣州富力地產股份有限公司 股份代號 :2777 二零一七年年報

5,138

4 8 16 20 26 27 48 59 66 75 76 81 86 192 193 194 211 212

59,277,855 53,730,339 10% 20,962,301 15,186,740 38% 21,186,451 6,755,908 214% 6.5748 2.0997 213% 1.10 1.00 10% 32,214,749 45,969,082-30% 298,108,940 226,411,479 32% 233,215,286 179,575,282 30% 19.1 13.6 40% (%) 16.7 47.6-65% (%) 38.4 14.7 161% (%) 169.6 159.9 6% 4

14 15 16 17 14 15 16 17 1.6325 1.7524 2.0997 91.7 124.3 6.5748 159.9 169.6 5,221 5,616 6,756 34,705 44,291 53,730 59,278 21,186 14 15 16 17 14 15 16 17 5

8

51,380,000 6,170 60% 1,300 730 800 818.6 35% 66% 1,522 84% 584.3 1,811 2,560 9

10 53584.3 1,811 5,138 93% 29% 23.75 26,365 131 94% 87% 34%

11 49% 601 1,174 95% 310 177 20.3 5.58% 20 5.375% 1,211 7.83% 5.12% 60% 28.3%35.4% 26,365 181 2.55

12 4.3 608.6 35%818.6 730 800 818.6 1,520 23% 592.8 537.3 10% 12%471 28.3%35.4% 209.638% 37.6% 214.2 204% 83.218% 3,200 1,811 34% 5,138

13 60% 1,300 12% 35% 1,300 1,811 5,138 1,300 60%

819 35% 35% 32% 261.56 473.01 19% 49.19 9% 7% 70.3656.47 15% 20% 4,693,500 35% 6,324,200 13,00012,900 % % 227,900-15% 5,313.3-15% 469,800 24% 4,871.9 35% 372,300 21% 2,849.4 68% 124,100 22% 999.9 58% 224,100 10% 3,250.0 9% 334,800 6% 2,099.1 29% 109,000 143% 999.7 135% 130,900 185% 2,289.2 253% 43,900 89% 538.3 124% 116,700 212% 1,895.6 73% 69,700 545% 653.5 707% 36,200 N/A 395.9 N/A 2,259,400 30% 26,155.8 35% 98,400-72% 4,391.4-43% 349,700-15% 5,647.3-22% 662,600 122% 7,035.8 143% 141,400 236% 1,241.7 295% 99,900 22% 771.9 36% 213,100 119% 2,925.2 134% 102,700-33% 3,665.1-18% 312,700 6% 5,237.1 35% 250,400 79% 2,210.4-2% 303,500 20% 4,495.6 75% 250,400 145% 1,388.8 174% 202,400 8% 1,624.9 29% 65,200-26% 783.6-21% 77,100 N/A 1,152.3 N/A 125,100 N/A 1,021.5 N/A 52,100 N/A 531.9 N/A 117,900 N/A 1,938.1 N/A 152,800 N/A 1,237.9 N/A 16

% % 3,577,400 43% 47,300.5 32% 328,800-14% 4,918.6 19% 148,500 206% 3,028.4 297% 8,700-53% 407.6-48% 1,400 N/A 51.8 N/A 6,324,200 35% 81,862.7 35% 12,750,000 11,738,000 6,633,000 5,070,000 143,000 39%17,712,000 2,400 4,840,000 3,974,000 1,181,000 916,000 3,374,000 2,368,000 4,067,000 2,933,000 2,608,000 1,743,000 761,000 662,000 881,000 526,000 17,712,000 13,122,000 17

18,112,000 59,715,000 51,380,000 13,413,000 12,074,000 6,044,000 5,589,000 7,116,000 5,803,000 13,307,000 11,702,000 8,732,000 7,752,000 3,171,000 3,056,000 5,923,000 3,618,000 57,706,000 49,594,000 2,009,000 1,786,000 59,715,000 51,380,000 IGC IGC 10 9 1,093,000 2,940,000 20,849 1,300 60% 6,937,000425,000 843,000 18

157,000 43,000 33,000 33,000 156,000 102,000 89,000 71,000 184,000 161,000 287,000 173,000 283,000 252,000 344,000 300,000 100,000 76,000 219,000 168,000 190,000 170,000 78,000 78,000 81,000 73,000 328,000 226,000 140,000 112,000 75,000 43,000 110,000 89,000 290,000 232,000 23,000 23,000 66,000 53,000 57,000 47,000 571,000 503,000 252,000 161,000 110,000 80,000 73,000 51,000 134,000 110,000 86,000 71,000 202,000 156,000 6,000 6,000 56,000 55,000 611,000 569,000 121,000 115,000 160,000 155,000 242,000 232,000 73,000 51,000 364,000 27,000 288,000 168,000 112,000 88,000 202,000 192,000 306,000 202,000 173,000 139,000 294,000 222,000 171,000 128,000 118,000 78,000 43,000 35,000 64,000 40,000 178,000 131,000 62,000 53,000 2,000 1,000 197,000 168,000 3,448,000 2,517,000 5,113,000 3,995,000 606,000 307,000 142,000 118,000 73,000 73,000 770,000 770,000 4,127,000 2,897,000 6,025,000 4,883,000 19

物業一覽 廣州天盈廣場 佛山富力國際金融中心 惠州富力灣 江西九江富力尚悅居 海南富力月亮灣 北京通州富力中心 20 廣州富力地產股份有限公司二零一七年年報

物業一覽 佛山富力廣場 江西南昌富力銀禧悅城 貴陽富力新天地 福建龍岩建發富力璽院 上海嘉譽灣 河北石家莊富力西柏水鎮 內蒙古呼和浩特富力城 廣州富力地產股份有限公司二零一七年年報 21

物業一覽 天津富力津門湖 黑龍江哈爾濱富力城 福建莆田富力尚悅居 上海富力灣 海南富力悅海灣 澳大利亞布里斯本富力壹號 22 廣州富力地產股份有限公司二零一七年年報

物業一覽 瀋陽富力星月灣 遼寧鞍山富力凱旋門 內蒙古呼和浩特富力華庭 河北石家莊富力城 江蘇南通富力半島花園 廣州富力天海灣 澳大利亞墨爾本富力凱尼雅思 Live City 馬來西亞富力公主灣 廣州富力地產股份有限公司二零一七年年報 23

Sichu Yunnan 24

an Guizhou 25

26 7 5 2017 2017 2017 2017 2017 16

5231 17 413 10 45-54 8620 38882777 8620 38332777 gzrfir@rfchina.com 27

1352 17 314 16 LEED 28

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LED 16 LEED 2 30

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32

0.0133.1840.300 114,15923% (SOx) 0.013 (NOx) 3.184 (PM) 0.300 87,696 26,463 16 LEEDLEED Leadership in Energy and Environmental Design 33

1 (BIM) CJ164 205 1-4 6.67 34

35

36 15 24 2 20 2 15 23 2730 20 230

37

30,897 53% 8119 54 4640 305330 50 750 2575 11% 47% 53% 19% 23% 46% 58% 54% 7% 40% 25% 53% 75% 30 30 50 >50 38

26.36 29.02 31.89 0 5 10 15 20 25 30 35 12 39

31 21 100% 11 8 40

41

10 1,412 200 15 2000 42

750 300 2017 300 2017 1,200 200 150 12 43

2017 25% 75% <30 40% 30-50 53% >50 7% 54% 46% 53% 47% 19% 23% 58% 11% 32 29 26 31 21 61,613,022 2,472,124 24,803 898,752 4,816,066 (SOx) 0.013 (NOx) 3.184 (PM) 0.300 87,696 26,463 43,831 11,355 32,476 14,120 44

(KPI) A. A1 (a) (b) KPI A1.1 KPI A1.2 KPI A1.3 KPI A1.4 KPI A1.5 KPI A1.6 A2 KPI A2.1 KPI A2.2 KPI A2.3 KPI A2.4 KPI A2.5 45

(KPI) A3 KPI A3.1 B. B1 KPI B1.1 (a) (b) KPI B1.2 B2 KPI B2.3 B3 KPI B3.2 B4 (a) (b) (a) (b) KPI B4.1 KPI B4.2 46

(KPI) B5 KPI B5.1 KPI B5.2 B6 KPI B6.1 (a) (b) KPI B6.2 KPI B6.4 B7 KPI B7.1 KPI B7.2 B8 KPI B8.1 (a) (b) KPI B8.2 47

70.56 204%214.24 494.89 9% 537.09 60.5834%81.48 131.08 3% 4.22 7.81 17.41 1.46 1.83 6.70 5.50 #7 #9 1 53,709,393 945,058 2,375,117 2,248,287 59,277,855 2 (33,532,405) (29,520) (1,980,345) (2,773,284) (38,315,554) 3 20,176,988 915,538 394,772 (524,997) 20,962,301 4 429,660 780,672 53,908 60,808 1,325,048 5 (4,385,121) (133,317) (467,947) (355,373) (5,341,758) 24,450 13,083,110 13,107,560 16,245,977 1,562,893 13,063,843 (819,562) 30,053,151 7 (1,215,506) (219,555) (184,030) (53,888) (1,672,979) 6 (33,322) (33,322) 6 128,577 (407) 128,170 15,125,726 1,343,338 12,879,813 (873,857) 28,475,020 8 (6,977,911) (334,034) 56,937 204,243 (7,050,765) 9 8,147,815 1,009,304 12,936,750 (669,614) 21,424,255 1 49,489,281 917,914 1,361,973 1,961,171 53,730,339 2 (34,745,556) (74,807) (1,131,691) (2,591,545) (38,543,599) 3 14,743,725 843,107 230,282 (630,374) 15,186,740 4 353,604 1,740,812 3,962 158,828 2,257,206 5 (3,390,427) (154,615) (304,533) (138,650) (3,988,225) 11,706,902 2,429,304 (70,289) (610,196) 13,455,721 7 (1,952,448) (125,829) (173,120) (115,648) (2,367,045) 6 844,493 844,493 6 (62,613) (1,716) (64,329) 10,536,334 2,303,475 (243,409) (727,560) 11,868,840 8 (4,477,905) (573,760) 60,852 177,990 (4,812,823) 9 6,058,429 1,729,715 (182,557) (549,570) 7,056,017 48

1. 494.89 9% 537.09 4,710,000 4,209,000 12% 11,400 15 35% 8% 26% 11%5% 39%15% 39.05 18,570 80.05 85.72 15% 10% 9% 17% 12% 4% 454,200 16,17073.43 9%52.49 57.89 117,500 21,510 25.28 131%47.95 20.72 42.55 30 519,200 8,64044.86 37.42 31.52 20 49

(%) 100,733 4,091,688 100% 353,418 3,250,878 100% 2,501 177,975 100% 10,084 101,828 100% 8,994 100,159 100% 2,946 86,471 100% 1,558 71,730 100% 7,559 57,649 100% 1,793 29,660 100% 2,230 14,933 100% 687 13,887 100% 466 8,462 100% 492,969 8,005,320 85,864 1,537,371 100% 60,634 934,717 100% 16,862 867,297 100% 24,224 681,469 100% 11,306 533,769 100% 7,448 309,247 100% 2,643 92,667 100% 7,031 85,340 100% 4,369 42,470 100% 868 24,947 100% 1,132 24,256 100% 561 18,755 100% 1,382 13,224 100% 2,106 83,861 100% 226,430 5,249,390 283,749 2,712,488 100% 99,794 1,542,538 100% 22,788 368,488 100% 13,832 171,292 100% 420,163 4,794,806 50

(%) 240,620 1,992,149 100% 180,276 1,532,503 100% 98,326 961,089 100% 32,897 275,302 100% 552,119 4,761,043 50,788 1,415,167 100% 44,010 949,579 100% 110,630 923,178 100% 66,525 696,610 100% 271,953 3,984,534 177,590 1,976,679 100% 176,706 1,440,236 100% 30,621 265,598 100% 2,946 50,644 100% 1,702 8,573 100% 389,565 3,741,730 72,756 2,830,591 100% 28,266 314,333 100% 220 6,619 100% 101,242 3,151,543 81,426 2,290,900 100% 81,426 2,290,900 30,356 1,073,004 100% 59,276 765,036 100% 5,898 135,116 100% 8,199 111,031 100% 3,557 56,476 100% 4,051 51,781 100% 630 1,866 100% 111,967 2,194,310 51

(%) 128,918 1,614,192 100% 128,918 1,614,192 298,229 1,589,069 100% 19,189 196,918 100% 63 834 100% 317,481 1,786,821 348,408 1,750,313 100% 348,408 1,750,313 53,576 1,026,363 100% 106,326 691,491 100% 159,902 1,717,854 107,037 1,112,958 100% 32,237 527,035 100% 139,274 1,639,993 199,015 1,223,942 100% 199,015 1,223,942 81,124 726,455 100% 39,203 376,812 100% 751 14,284 100% 121,078 1,117,551 205,415 961,741 100% 205,415 961,741 46,963 590,109 100% 27,231 279,287 100% 10,444 67,096 100% 84,638 936,492 52

(%) 97,991 531,477 100% 10,609 166,605 100% 2,410 38,632 100% 111,010 736,714 91,873 685,389 100% 4,317 26,143 100% 96,190 711,532 54,127 355,209 100% 20,785 209,236 100% 13,548 77,214 100% 88,460 641,659 47,246 360,979 100% 47,246 360,979 10,149 235,984 100% 10,149 235,984 5,318 100,050 100% 5,318 100,050 4,710,336 53,709,393 2. 14% 12% 7,120 6,220 8,250 7,080 23,300 2,900 7,790 87% 86% 3% 5% 10% 9% 31.80 6.4%33.85 6.3% 8.4717.78 53

3. 14% 29.8%7.8 37.6% 44.7% 52.0% 33.5% 36.0% 32.5% 26.6% 28.3% 40.8% 47.6% 28.9% 59.0% 53.2% 4. 5. 6.9% 8.2% 9.95 29% 4.82 17.25 5.12 26.60 3.69 6. 45% 33.34% 25% 50%60% 50% 50% 83.78 7. 29%16.73 23.67 11.72 66.26 68.99 1,422 1,2095.12% 6.25% 51.25 55.47 34.52 31.80 8. 69.78 38.22 22.36 31.5622.42 4.5% 7.1% 27.9% 27.0% 2.9% 9. 13.1% 14.0% 131.08 54

(%) 1 9,173,164 1,933,706 374% 2 34,234,093 10,928,178 213% 3 24,814,323 22,068,681 12% 4 1,111,274 1,079,572 3% 5 7,395,522 6,795,392 9% 6 229,515 166,908 38% 7 6,417,490 4,253,861 51% 8 527,650 710,130-26% 9 526,289 97,420 440% 10 110,865,723 81,134,542 37% 11 33,449,089 26,783,018 25% 419,056 325,932 29% 9 33,058,064 21,582,812 53% 3,672,939 2,582,245 42% 12 12,517,580 20,663,067-39% 12 19,697,169 25,306,015-22% 13 113,829,411 87,170,166 31% 7 6,720,368 4,930,892 36% 14 39,439,990 21,951,465 80% 15 29,058,143 19,546,810 49% 16 15,752,952 12,294,031 28% 13 15,360,224 10,631,230 44% 13 13,054,198 23,050,688-43% 64,893,654 46,836,197 39% 2,404,327 2,404,327 0% 956,974 653,718 46% 55

1. 2. 1) 2)3) 3. 1) 2) 4. 5. 6. 7. 8. 31% 9. 10% 10. 17.712 12.750 11. 56 12. 1) 2) 130 13. 14. 51% 112.03 15. 16. 56

1 (7,286,518) (3,337,925) 2 (22,584,435) 2,526,024 3 24,372,583 12,079,681 (5,498,370) 11,267,780 (110,476) 67,922 25,306,015 13,970,313 19,697,169 25,306,015 1. 2. 3. 322.1285.4 28.2 1.24 2.30 0.67 4.33 248 64 2,000 1,422.4 1,136.3258.2 17.0 5.80 5.10 170%1 23 442.8% 9.1% 35.8% 12.3% 1,211 880.3 24.04 2,488 4,948 40 7,476 13,875 13,407 10,903 15,224 53,409 47,919 946 48,865 1,994 1,994 5,119 4,652 3,206 12,977 6,841 3,900 2,260 1,499 14,500 2 1,898 899 2,799 89 89 46 224 28,414 24,242 68,673 20,915 142,244 57

58 7.25 5.75% 10 5.25% 10 5.5 8 5.25% 5 5.875 20%230.3 377.3 4.51% 5.52% 20% 632.3709.1 541.5 389.2 578.849% 49,239 20,867 22.43 18,955,280,000 17,676,550,000

59 E.1.2 A 76 80

3.10 3.13 4/4 4/4 4/4 4/4 4/4 4/4 1/1 4/4 4/4 3/3 60

1/1 1/1 2/2 2/2 0-4,000,000 1 4,000,001-8,000,000 4 8,000,001 4 42 61

1/1 1/1 1/1 (a) (b) (c) (d) (e) 1/1 1/1 1/1 62

2/2 2/2 2/2 (i) (ii) 63

64 621.0 451.9 571

65 160-174 1103 (852) 2511 6675 (852) 2511 9087

66 5 11 12 13 86 191 193 16 58

67 0.33 0.386863 0.77 H H H 10% H H 10% H 10%

68 (1993) 045 10% 10% H H H H H HH [2014] 81 [2016] 127 H H 20% H H H H H 183 17M H 183 17M

69 30% 30% 1,412 1,212 8 9 16 17 25 40.54 53.50 194 210 22 45.79 90 91

(i) (ii) 76 80 70

XV (i)xv7 8 (ii) XV352 (iii) (a) 18 1,045,092,672 H 14,000,000 5,000,000 16,000,000 1,080,092,672 33.52% 1,005,092,672 20,000,000 H 6,632,800 1,031,725,472 32.02% 22,922,624 22,922,624 0.71% 35,078,352 35,078,352 1.09% H 1,003,600 1,003,600 0.03% H 260,280 260,280 0.01% H 588,000 588,000 0.02% 20,000,000 20,000,000 0.62% 3,222,367,3442,207,108,944 68.49%1,015,258,400 H 31.51% 71

(b) XV 7.50% 1 2 34.64% 1 7.50% 2 34.64% 3 1. 15% 85% 50% 2. 70% 30% Sparks Real Estate Holdings Limited51% 49% 49% Sparks Real Estate Holdings Limited 50% 3. Pleasant View Limited8 5.25% 1,050,000 XV 352 72

336 5% XV 2 3 H 1 2 BlackRock, Inc. H 61,634,075 (L) 6.07% 501,200 (S) 0.05% Commonwealth Bank of Australia H 53,233,212 (L) 5.24% 5,067,768 (S) 0.49% Lehman Brothers Holdings Inc. H 51,049,240 (L) 5.03% 67,663,183 (S) 6.66% 1. (L) (S) (P) 2. 1,015,258,400 H 31.51% 336 73

13 8% 40 39 14A 1. 2. 74

75

76 JP 61 65 1277 64 58

69 1277 67 Great Seas Marketing Inc. 60 62 59 1282 1277 77

78 68 77 76 51 48

79 43 52 48 39 45

38 42 80

86 191 81

46 17,676,550,000 13,083,110,000 82

2.8 4 9 24,814,323,000 780,672,000 83

405 84

85

7 9,173,164 1,933,706 8 34,234,093 10,928,178 9 24,814,323 22,068,681 10 1,111,274 1,079,572 12 7,395,522 6,795,392 13 229,515 166,908 26 6,417,490 4,253,861 14 527,650 710,130 18 526,289 97,420 84,429,320 48,033,848 16 110,865,723 81,134,542 17 33,449,089 26,783,018 419,056 325,932 18 33,058,064 21,582,812 3,672,939 2,582,245 19 12,517,580 20,663,067 20 19,697,169 25,306,015 213,679,620 178,377,631 298,108,940 226,411,479 21 805,592 805,592 22 4,566,257 4,679,469 56,160,504 38,293,091 61,532,353 43,778,152 23 2,404,327 2,404,327 956,974 653,718 64,893,654 46,836,197 86

25 113,829,411 87,170,166 26 6,720,368 4,930,892 120,549,779 92,101,058 24 39,439,990 21,951,465 29,058,143 19,546,810 27 15,752,952 12,294,031 25 15,360,224 10,631,230 25 13,054,198 23,050,688 112,665,507 87,474,224 233,215,286 179,575,282 298,108,940 226,411,479 93 191 86 191 87

5 59,277,855 53,730,339 30 (38,315,554) (38,543,599) 20,962,301 15,186,740 28 379,863 328,987 29 945,185 1,928,219 30 (1,814,776) (1,315,362) 30 (3,526,982) (2,672,863) 6 13,107,560 30,053,151 13,455,721 32 (1,672,979) (2,367,045) (33,322) 844,493 128,170 (64,329) 28,475,020 11,868,840 33 (7,050,765) (4,812,823) 21,424,255 7,056,017 21,186,451 6,755,908 143,567 273,943 94,237 26,166 21,424,255 7,056,017 34 6.5748 2.0997 93 191 88

21,424,255 7,056,017 22 (136,860) 48,743 22 21,024 (4,792) (115,836) 43,951 21,308,419 7,099,968 21,070,615 6,799,859 23 143,567 273,943 94,237 26,166 21,308,419 7,099,968 93 191. 89

805,592 (88,947) 4,590,948 35,404,023 40,711,616 7,977,869 527,895 49,217,380 6,755,908 6,755,908 273,943 26,166 7,056,017 48,743 48,743 48,743 (4,792) (4,792) (4,792) 43,951 43,951 43,951 43,951 6,755,908 6,799,859 273,943 26,166 7,099,968 89,657 89,657 10,000 10,000 (3,866,840) (3,866,840) (3,866,840) 88,947 44,570 133,517 133,517 2,400,000 2,400,000 (7,900,000) (7,900,000) (347,485) (347,485) 88,947 44,570 (3,866,840) (3,733,323) (5,847,485) 99,657 (9,481,151) 805,592 4,679,469 38,293,091 43,778,152 2,404,327 653,718 46,836,197 90

805,592 4,679,469 38,293,091 43,778,152 2,404,327 653,718 46,836,197 21,186,451 21,186,451 143,567 94,237 21,424,255 (136,860) (136,860) (136,860) 21,024 21,024 21,024 (115,836) (115,836) (115,836) (115,836) 21,186,451 21,070,615 143,567 94,237 21,308,419 2,624 2,624 (16,718) (14,094) 186,250 186,250 39,487 39,487 (3,319,038) (3,319,038) (3,319,038) (143,567) (143,567) 2,624 (3,319,038) (3,316,414) (143,567) 209,019 (3,250,962) 805,592 4,566,257 56,160,504 61,532,353 2,404,327 956,974 64,893,654 93 191 91

36(a) 3,267,477 5,705,252 (6,355,828) (5,217,113) (4,198,167) (3,826,064) (7,286,518) (3,337,925) (1,819,327) (1,246,366) (72,373) (170,930) (196,630) 2,099 59,605 100,790 101,446 128,000 (947,808) (177,755) 240,623 (18,639,771) (527,925) (525,369) (97,420) 3,272,214 5,113,343 (4,341,255) (1,320,428) 10,233 17,631 31,837 3,375 500,000 50,000 198,856 194,894 (22,584,435) 2,526,024 36(b) 66,076,750 72,842,491 36(b) (44,822,714) (38,995,331) 36(b) (101,984) (221,597) 6,656,795 (11,975,074) 2,400,000 (7,900,000) (143,567) (347,485) 133,517 (13,146) 39,487 10,000 (3,319,038) (3,866,840) 24,372,583 12,079,681 (5,498,370) 11,267,780 (110,476) 67,922 25,306,015 13,970,313 20 19,697,169 25,306,015 93 191 92

1. ((( 10 45 54 510623 ( ( 6(a) 2. 2.1 (a) 622 (b) 4 93

2. 2.1 (c) 7 12 12 7 36(b) (d) (i) (ii) (iii) 15 (i) 9 (ii) 2 1 4 4 9 28 40 22 9 28 16 (iii) 23 17 10 28 94

2. 2.1 (d) (i) 15 18 11 95

2. 2.1 (d) (i) 15 15 96

2. 2.1 (d) (ii) 9 9 39 39 15 9 97

2. 2.1 (d) (ii) 9 9 (iii) 16 16 103,965,000 38 16 98

2. 2.2 2.2.1 2.3 2.2.2 20% 50% 2.2.4 2.2.3 11 2.2.4 2.2.4 99

2. 2.2 2.2.4 2.10 2.2.5 2.3 100

2. 2.3 2.4 2.5 101

2. 2.6 (a) (b) (c) (i) (ii) (iii) 102

2. 2.7 20 30 20 30 3 5 4 15 5 10 2.10 2.8 103

2. 2.9 (a) 2.10 5) (b) (c) (d) (e) 2.10 104

2. 2.11 2.11.1 (a) (b) 2.11.2 105

2. 2.11 2.11.3 2.11.4 2.12 106

2. 2.13 2.14 (a) 18 (b) 107

2. 2.15 40 70 2.16 2.17 2.18 108

2. 2.19 2.20 2.21 109

2. 2.22 2.23 2.24 12 2.25 110

2. 2.25 2.26 (a) (b) 111

2. 2.26 (b) 2.27 (a) (b) (c) 112

2. 2.27 (c) 1,500 (d) (a) (b) 37 12 2.28 113

2. 2.29 (a) (b) (c) (d) (e) 114

2. 2.30 2.31 2.32 (a) 38 (b) 2.33 115

2. 2.34 37 3. 3.1 (a) (i) 116

3. 3.1 (a) (i) 5% 5% 12,024 (12,024) 16,946 (16,946) 5,316 (5,316) (39,210) 39,210 118,511 (118,511) 16,946 (16,946) (1,067,799) 1,067,799 5% 5% (210,461) 210,461 (13,063) 13,063 (67,243) 67,243 (18,846) 18,846 117

3. 3.1 (a) (i) 5% 5% 6,151 (6,151) 5,278 (5,278) (27,351) 27,351 469,429 (469,429) 29,526 (29,526) (857,149) 857,149 5% 5% (154,549) 154,549 (44,029) 44,029 (16,830) 16,830 118

3. 3.1 (a) (ii) (iii) 25 25 (85,783) 85,783 25 25 (62,748) 62,748 119

3. 3.1 (b) 5% (c) 12 120

3. 3.1 (c) 1 1 2 2 5 5 (1) 35,012,417 29,511,051 75,624,872 27,102,881 167,251,221 97,900 93,688 46,760 238,348 19,841,304 19,841,304 52,779,589 52,779,589 808,800 1,266,264 1,530,573 1,497,305 5,102,942 (1) 39,530,372 21,535,523 49,794,689 27,174,137 138,034,721 114,391 97,623 138,538 350,552 18,231,502 18,231,502 33,406,812 33,406,812 870,485 1,464,407 2,316,888 862,576 5,514,356 (1) 121

3. 3.2 142,243,833 120,852,084 (19,697,169) (25,306,015) (12,517,580) (20,663,067) 110,029,084 74,883,002 64,893,654 46,836,197 169.6% 159.9% 3.3 122

3. 3.3 9 527,650 710,130 (a) 4 4. (a) 10 10% 10% 123

4. (b) 2.9 10 10% 10% (c) (d) 30% 60% (e) 9 124

4. (f) 5%23,800,000 (g) (h) 6(a) 125

5. 53,709,393 1,109,665 2,432,081 2,949,021 60,200,160 (164,607) (56,964) (700,734) (922,305) 53,709,393 945,058 2,375,117 2,248,287 59,277,855 8,147,815 1,009,304 12,936,750 (669,614) 21,424,255 (1,215,506) (219,555) (184,030) (53,888) (1,672,979) (33,322) (33,322) 128,577 (407) 128,170 (6,977,911) (334,034) 56,937 204,243 (7,050,765) (232,248) (525,526) (75,549) (833,323) 24,450 13,083,110 13,107,560 (11,578) (2,124) 200 (13,502) 587,304 587,304 226,502,464 23,360,591 40,021,783 1,278,962 291,163,800 7,395,522 7,395,522 146,880 82,635 229,515 774,049 1,964,970 30,606,386 88,978 33,434,383 65,966,881 2,424,804 106,448 68,498,133 126

5. 49,489,281 1,020,131 1,416,271 2,376,026 54,301,709 (102,217) (54,298) (414,855) (571,370) 49,489,281 917,914 1,361,973 1,961,171 53,730,339 6,058,429 1,729,715 (182,557) (549,570) 7,056,017 (1,952,448) (125,829) (173,120) (115,648) (2,367,045) 844,493 844,493 (62,613) (1,716) (64,329) (4,477,905) (573,760) 60,852 177,990 (4,812,823) (216,897) (318,204) (86,857) (621,958) (21,898) (757) (1,265) (23,920) 1,306,567 1,306,567 187,983,198 22,068,681 10,270,067 1,125,542 221,447,488 6,795,392 6,795,392 85,628 81,280 166,908 1,380,249 1,075,918 381,496 177,918 3,015,581 40,272,496 347,936 877,843 41,498,275 127

5. 291,163,800 221,447,488 6,417,490 4,253,861 527,650 710,130 298,108,940 226,411,479 68,498,133 41,498,275 6,720,368 4,930,892 15,752,952 12,294,031 28,414,422 33,681,918 113,829,411 87,170,166 233,215,286 179,575,282 57,568,651 53,715,049 1,709,204 15,290 59,277,855 53,730,339 10% 128

5. 77,464,550 43,061,080 19,630 8,777 77,484,180 43,069,857 6. (a) 13,083,110 (b) 744 (c) 23,706 13,107,560 (a) 18,955,280,000 129

6. (a) 17,676,550,000 17,676,550 584,769 592,601 33,321 1,433,000 22,297,781 7,100,800 74,813 9,930 (1,367,355) 30,759,660 (13,083,110) (i) 592,601,000 149,666,000 149,666,000 (ii) 852,086,000 38,188,000 130

6. (b) 130,738,000 100% 100% 130,738 2,195 30,709 636,332 185 1,762 (437,595) (64,118) (37,988) 131,482 (744) (i) 993,000 (ii) 2,551,000 59,278,947,000 21,423,679,000 131

6. (c) 491,688 100% 492 185,033 3,098 396,976 359,824 397 15,740 (838,746) (98,124) 24,198 (23,706) (i) 3,098,000 (ii) 77,218,000 534,000 59,348,735,000 21,436,218,000 132

6. (d) 75% 444,285,000 444,285 4,723 1,372 1,842,521 335,340 818 (420,532) (56,842) (1,096,000) (19,020) 592,380 (148,095) 444,285 (i) 412,000 (ii) 25% 133

6. (d) (iii) 527,035,000 271,614,135 59,277,855,000 21,424,255,000 (e) (a) (b) (c) (d) 18,252,065 481,390 (776,720) 17,956,735 134

7. 1,933,706 1,264,041 298,083 418,529 7,100,800 40,211 65,553 270,896 (149,867) (59,971) (75,111) 9,173,164 1,933,706 5,680 6,471 56,482 28,503 87,705 24,997 149,867 59,971 757,672,000 697,664,000 135

8. 2,049,429 5,551,862 750,028 395,325 368,122 422,131 1,566,509 11,103,406 (279,933) (718,122) (462,219) (92,191) (268,753) (272,324) (2,093,542) 1,769,496 4,833,740 287,809 303,134 99,369 149,807 1,566,509 9,009,864 1,769,496 4,833,740 287,809 303,134 99,369 149,807 1,566,509 9,009,864 11,173 86,112 455,291 27,185 16,844 753,599 1,350,204 70,491 779,977 20,682 66 19 871,235 77,027 153,489 230,516 503,680 (503,680) (34,873) (181) (48) (328) (35,430) (69,683) (218,177) (104,621) (34,958) (40,985) (30,066) (498,490) 94 175 10 279 1,823,631 5,899,220 289,895 723,467 85,762 136,276 1,969,927 10,928,178 2,177,036 6,972,173 905,665 850,616 389,638 432,388 1,969,927 13,697,443 (353,405) (1,072,953) (615,770) (127,149) (303,876) (296,112) (2,769,265) 1,823,631 5,899,220 289,895 723,467 85,762 136,276 1,969,927 10,928,178 1,823,631 5,899,220 289,895 723,467 85,762 136,276 1,969,927 10,928,178 12,607 124,908 104,695 48,704 38,481 1,285,724 1,615,119 6,897 22,017,065 195,090 42,209 45,362 1,464 22,308,087 80,550 80,550 278,022 713,654 (991,676) (570) (1,739) (363) (674) (3,346) (76,333) (352,450) (136,295) (59,715) (39,761) (29,907) (694,461) (108) 31 43 (34) 2,044,254 28,277,489 471,751 768,447 136,582 189,538 2,346,032 34,234,093 2,473,977 33,071,808 1,597,025 955,311 600,664 524,135 2,346,032 41,568,952 (429,723) (4,794,319) (1,125,274) (186,864) (464,082) (334,597) (7,334,859) 2,044,254 28,277,489 471,751 768,447 136,582 189,538 2,346,032 34,234,093 136

8. 214,192 193,407 480,269 305,083 694,461 498,490 47,459,000 62,169,000 6.29% 6.46% 5,225,278,000 4,154,497,000 25(f) 9. 19,251,951 19,251,951 1,075,918 1,075,918 1,740,812 1,740,812 22,068,681 22,068,681 1,740,812 1,740,812 1,740,812 1,740,812 22,068,681 22,068,681 6 1,433,000 335,340 1,768,340 196,630 196,630 531,970 (531,970) 780,672 780,672 24,814,323 24,814,323 780,672 780,672 780,672 780,672 137

9. (a) 945,058 917,914 (133,317) (154,615) (90,560) (94,347) (b) (c) (CFO) CFO CFO 138

9. (d) (e) 9,324,666 6.25%-6.50% 6.25%-6.50% 41,200-66,991 14,718,645 5.50%-7.00% 5.50%-7.00% 6,000-113,757 771,012 3,694-11,137 139

9. (e) 7,713,830 6.00%-6.50% 6.00%-6.50% 40,600-60,900 13,706,507 5.75%-7.00% 5.75%-7.00% 6,000-117,027 648,344 3,694-11,694 (f) 15,190,552,000 14,094,260,000 140

10. 506,733 282,000 322,000 414,366 1,525,099 (2,983) (322,000) (165,267) (490,250) 503,750 282,000 249,099 1,034,849 503,750 282,000 249,099 1,034,849 170,930 170,930 180 180 (88,494) (88,494) (37,893) (37,893) 503,750 282,000 293,822 1,079,572 506,733 282,000 322,000 538,184 1,648,917 (2,983) (322,000) (244,362) (569,345) 503,750 282,000 293,822 1,079,572 503,750 282,000 293,822 1,079,572 72,373 72,373 74,951 74,951 (76,700) (76,700) (38,922) (38,922) 503,750 282,000 325,524 1,111,274 506,733 282,000 322,000 651,384 1,762,117 (2,983) (322,000) (325,860) (650,843) 503,750 282,000 325,524 1,111,274 16,325 13,944 60,375 74,550 76,700 88,494 141

10. (a) 12% 12% 3%-5% 3%-5% 3% 3% 11.32% 11.87% (b) 1% 1% 3%-5% 3%-5% 3% 3% 12.21% 12.75% 142

11. 6,500,000 25% 75% 6,500,000 25% 75% 6,500,000 25% 75% 400,000,000 97.5% 2.5% 360,000,000 86.11% 13.89% 300,000,000 98.67% 1.33% 5,000,000 93.84% 6.16% 300,000,000 90% 10% 15,000,000 100% 3,010,000 80% 20% 5,000,000 90% 10% 10,000,000 90% 10% 100,000,000 95% 5% 196,000,000 97.45% 2.55% 250,000,000 95% 5% 1,394,781,578 96% 4% 100,000,000 80% 20% 50,000,000 100% 143

11. 200,000,000 100% 5,000,000 100% 500,000,000 100% 10,000,000 100% 4,000,000 100% 30,000,000 100% 604,280,000 98.35% 1.65% 535,475,234 40.24% 59.76% 350,000,000 100% 660,000,000 32.35% 67.65% 854,500,000 94.82% 5.18% 600,000,000 98.33% 1.67% 80,000,000 86.64% 13.36% 380,000,000 95% 5% 188,900,000 100% 15,000,000 85% 15% 600,000,000 100% 560,000,000 95% 5% 300,000,000 99.8% 0.2% 15,000,000 85% 15% 600,000,000 100% 144

11. 794,540,000 100% 80,000,000 25% 75% 30,000,000 65% 35% 100,000,000 100% 20,000,000 100% 30,000,000 100% 100,000,000 45% 55% 20,000,000 100% 200,000,000 100% 500,000,000 50% 50% 160,000,000 100% 200,000,000 100% 100,000,000 100% 550,000,000 99.09% 0.91% 120,000,000 100% 300,000,000 100% 100,000,000 100% 200,000,000 100% 100,000,000 100% 100,000,000 100% 145

11. 370,000,000 95% 5% 75,000,000 100% 100,000,000 100% 70,000,000 100% 100,000,000 100% 100,000,000 100% 10,000,000 90% 10% 450,000,000 100% 100,000,000 100% 90,000,000 100% 20,000,000 100% 250,000,000 100% 1,000,000 100% 50,000,000 100% 300,000,000 100% 100,000,000 95% 5% 400,000,000 100% 146

11. 11,702,000 100% 111,057,000 100% 11,650,000 100% 15,000,000 100% 100,000,000 95% 5% 801,107,000 75% 25% 592,000,000 100% 100,000,000 100% 50,000,000 100% 100,000,000 100% 100,000,000 100% 10,000,000 100% 5,000,000 100% 592,380,000 75% 25% 81,000,000 100% 3,980,000,000 100% 5,000,000 100% 8,000,000 90% 10% 978,089,000 100% 147

11. 1,000,000 100% 1 100% 1 100% 50,000 100% 1 100% 10,000 100% 1 100% 1 100% 1 100% 2 100% 1 100% 1 100% 1 100% 1 100% 1 100% 1 100% 148

11. 1,000,000,000 100% 1,200,000,000 100% 500,000 100% 2 100% 100 100% 100 100% 100 100% 100 100% 100 100% 1 100% 1 100% 400,000,000 2,000,000,000 2,000,000,000 100% 100% 100% 956,974,000 653,718,000 149

12. 6,795,392 5,954,631 652,808 (33,322) 844,493 (19,356) (3,732) 7,395,522 6,795,392 (a) 33,322,000 844,493,000 % RFCZ (UK) Ltd 50% Etone Australia Holdings Pty LtdEtone Australia 50% 25% 50% 33% 62% Instant Glory International LimitedInstant Glory 50% (b) (c) 150

13. 166,908 71,052 295,000 20,000 (a) 1,762 78,793 (b) (254,082) 53,925 438 (2,161) (31,837) (3,375) 229,515 166,908 (a) 13% 6(b) (b) 240,623,110 (c) % (d) 151

14. 710,130 645,140 157,755 (157,755) (182,480) 64,990 527,650 710,130 400,390 583,550 127,260 126,580 527,650 710,130 152

15. 28,131,809 20,017,542 12,517,580 20,663,067 19,697,169 25,306,015 60,346,558 65,986,624 527,650 710,130 60,874,208 66,696,754 142,019,758 120,528,552 224,075 323,532 19,841,304 18,231,502 162,085,137 139,083,586 3 153

16. 78,440,344 56,149,060 24,269,594 16,457,644 8,155,785 8,527,838 110,865,723 81,134,542 5.35% 7.07% 29,119,715,000 30,414,608,000 17. 8,968,081 9,148,887 21,107,638 15,115,117 3,373,370 2,519,014 33,449,089 26,783,018 6,648,588,000 319,335,000 18. (a) 7,921,310 7,175,084 (b) 16,006,437 11,747,174 (d) 5,452,544 1,662,690 39(ix) 3,994,073 1,053,003 39(ix) 209,989 42,281 33,584,353 21,680,232 (526,289) (97,420) 33,058,064 21,582,812 154

18. (a) 7,914,253 7,209,024 39(ix) 2,485 39(ix) 36,000 7,952,738 7,209,024 7,952,738 7,209,024 (31,428) (33,940) 7,921,310 7,175,084 7,921,310 7,175,084 1 6,820,238 6,180,202 12 454,870 391,554 23 165,370 511,180 3 512,260 126,088 7,952,738 7,209,024 7,347,636 6,433,315 573,674 741,769 31,428 33,940 7,952,738 7,209,024 (31,428) (33,940) 7,921,310 7,175,084 155

18. (a) 31,428,000 33,940,000 1 2 2 3 1,580 3 31,428 32,360 31,428 33,940 1 2 71,839 243,802 2 3 77,846 433,021 3 423,989 64,946 573,674 741,769 33,940 20,178 3,900 16,734 (6,412) (2,972) 31,428 33,940 156

18. (b) 16,006,437 11,747,174 88,985 72,971 16,095,422 11,820,145 (88,985) (72,971) 16,006,437 11,747,174 72,971 62,813 16,014 10,158 88,985 72,971 (c) (d) (e) 27,188,652 19,855,047 605,377 12,695 130,478 44,202 106,320 105,558 95,279 4,990 682 31 40 28,131,809 20,017,542 157

19. (a) 6,289,757 12,947,855 (b) 5,019,033 6,455,545 (c) 264,240 334,149 (d) 232,168 476,981 (e) 137,633 43,191 (f) 75,859 35,960 (g) 17,291 68,265 (h) 481,599 301,121 12,517,580 20,663,067 (a) (b) (c) (d) (e) (f) (g) (h) 158

19. 12,046,663 20,045,110 366,078 596,623 104,657 21,334 182 12,517,580 20,663,067 20. 19,649,988 16,969,615 47,181 8,336,400 19,697,169 25,306,015 16,490,271 15,379,209 2,454,560 9,483,308 433,337 230,449 123,011 66,414 287,905 19,012 31,745 2,481 643 835 2 2 19,697,169 25,306,015 159

21. 2,207,109 551,777 H * 1,015,258 253,815 3,222,367 805,592 * H H 22 805,592,000 3,222,367,000 2,207,109,000 1,015,258,000 H H 22. 3,636,625 359,665 539,144 29,779 25,735 4,590,948 48,743 48,743 (4,792) (4,792) 44,570 44,570 3,636,625 408,408 539,144 24,987 70,305 4,679,469 3,636,625 408,408 539,144 24,987 70,305 4,679,469 (136,860) (136,860) 21,024 21,024 2,624 2,624 3,636,625 271,548 539,144 46,011 72,929 4,566,257 160

22. (a) 50% (b) (c) H 23. 2,404,327 7,977,869 2,400,000 (7,900,000) 143,567 273,943 (143,567) (347,485) 2,404,327 2,404,327 24. (a) 39(ix) 4,615,028 2,269,574 (a) 39(ix) 160,276 491,718 (b) 14,566,401 10,294,391 (c) 20,098,285 8,895,782 39,439,990 21,951,465 (a) (b) (c) (d) 161

25. (a) 49,248,702 32,646,591 4,979,450 4,203,550 54,228,152 36,850,141 (b) 48,864,935 48,697,974 (c) 1,994,168 (d) 7,858,279 11,550,207 (e) 13,214,000 12,299,000 500,000 500,000 13,714,000 12,799,000 (f) 224,075 323,532 (13,054,198) (23,050,688) 113,829,411 87,170,166 (a) 6,098,539 8,619,900 558,000 598,000 6,656,539 9,217,900 (d) 5,118,685 (e) 2,350,000 580,000 1,235,000 833,330 3,585,000 1,413,330 15,360,224 10,631,230 13,054,198 23,050,688 142,243,833 120,852,084 162

25. (a) (i) 46,068,041 38,921,195 37,729,372 25,446,361 841,847 2,779,910 (23,033,758) (21,079,425) (720,811) 60,884,691 46,068,041 (ii) 16,363,427 16,993,531 18,354,530 10,893,059 10,903,229 7,888,381 15,263,505 10,293,070 60,884,691 46,068,041 (iii) 45,243,934 36,925,566 12,849,477 8,671,250 1,701,065 580,325 471,225 509,890 60,884,691 46,068,041 (iv) 4.51% 5.52% (v) 163

25. (b) (i) 65,000,00065 6,423,000,000 4.95% 100 (ii) 60,000,00060 36,000,00036 3.95% 19,500,00019.5 3.48% 9,500,0009.5 3.95% 12,382,400,000 164

25. (b) (iii) 46,000,00046 5.20% 104,000,000 104 5.15% 93,000,00093 5.00% 57,000,00057 4.39% 29,769,400,000 (iv) 18,803,915,000 30,076,525,000 4.9% 4.75% 165

25. (b) (iv) 48,697,974 6,429,519 42,151,800 2,463,693 1,637,428 (2,296,732) (1,520,773) 48,864,935 48,697,974 (c) 10,000,00010 5.25% 995,800,000 10,000,000 10 5.50 % 997,000,000 2,028,031,000 4.75% 1,992,800 64,163 (62,795) 1,994,168 166

25. (d) (i) 400,000,000 2,511,000,000 8.75% 100.5% 200,000,0001,258,000,000 8.75% 3,708,031,000 104.375% 4,294,322,000 180,002,000 (ii) 1,000,000,000 8.5% 5,991,541,000 104.250% 7,220,564,000 294,364,000 (iii) 5.75% 265,000,000 99.146% 5.75% 460,000,000 99.146% 4,880,042,000 167

25. (d) (iii) 5.25% 600,000,000 100% 5.25% 200,000,000100% 5,140,306,000 5.875% 500,000,000100% 3,250,991,000 6.14% 9.14% 8.87% 12.25% 11,550,207 12,776,880 13,271,339 (11,040,521) (2,572,906) (474,365) 464,876 1,117,780 476,918 (385,793) (1,010,775) (408,779) 762,310 12,976,964 11,550,207 168

25. (d) (iii) 13,216,190,000 11,599,885,000 (e) 4.75% 13.18% 4.75% 13.18% 14,212,330 24,250,527 13,076,560 5,244,330 300,000 100,000 (10,274,070) (15,343,000) 1,150,472 1,585,401 (1,150,472) (1,624,928) (15,820) 17,299,000 14,212,330 6,843,000 5,036,330 5,798,000 6,626,000 3,159,000 2,550,000 1,499,000 17,299,000 14,212,330 169

25. (f) 94,830,000 323,532 60,519 2,017 354,691 (101,378) (93,908) 13,069 6,867 (13,165) (4,637) 224,075 323,532 97,900 114,391 140,448 236,161 238,348 350,552 (14,273) (27,020) 224,075 323,532 89,310 101,850 134,765 221,682 224,075 323,532 170

25. (g) 55,003,931,000 44,781,491,000 757,672 697,664 5,225,278 4,154,497 15,190,552 14,094,260 29,119,715 30,414,608 6,648,588 319,335 6,289,757 12,947,855 63,231,562 62,628,219 10,257,310,000 300,000,000 3,900,000,000 9,064,000,000 1,877,682,000 1,750,000,000 6.78% 6.80% 7 (h) 6,627,450 3,998,000 645,000 1,303,550 7,272,450 5,301,550 171

26. 12 5,289,578 3,708,912 12 1,127,912 544,949 6,417,490 4,253,861 12 (6,026,683) (4,549,342) 12 (693,685) (381,550) (6,720,368) (4,930,892) (302,878) (677,031) (677,031) (640,761) 337,102 256,988 45,620 (16,247) (13,063) (275,034) 4,494 (1,977) (302,878) (677,031) 172

26. ( ) 520,305 3,412,136 99,479 101,455 455,480 4,588,855 (138,755) 445,164 (4,810) 254,738 556,337 176,928 185,799 362,727 16,247 16,247 381,550 4,034,228 280,468 117,702 710,218 5,524,166 312,135 212,203 (8,805) 204,844 720,377 4,616 1,559,812 1,564,428 (45,620) (45,620) 693,685 4,251,047 1,831,475 72,082 915,062 7,763,351 173

26. 2,513,365 1,002,679 432,050 3,948,094 352,833 382,168 78,364 813,325 87,693 87,693 (1,977) (1,977) 2,866,198 1,470,523 510,414 4,847,135 1,043,919 (99,456) 121,965 (8,949) 1,057,479 17,572 57,214 1,476,579 1,551,365 4,494 4,494 3,927,689 1,432,775 632,379 1,467,630 7,460,473 1,042,983,000 593,274,000 27. 11,829,044 9,716,349 3,923,908 2,577,682 15,752,952 12,294,031 28. 198,856 194,894 170,774 116,462 10,233 17,631 379,863 328,987 174

29. 780,672 1,740,812 54,355 90,107 (1,247) 24,175 25,679 (13,459) 99,185 73,125 945,185 1,928,219 30. 36,711,351 36,177,776 2,242,624 1,538,257 1,007,077 1,957,687 694,461 498,490 224,028 252,256 201,239 142,005 138,862 123,468 45,089 22,597 13,502 23,920 10,729 7,522 6,210 6,570 4,519 952 2,368,350 1,787,846 43,657,312 42,531,824 175

31. 1,781,851 1,204,953 326,895 243,985 133,878 89,319 2,242,624 1,538,257 (a) 42 147,108 138,194 13,500,001 14,000,000 1 17,500,001 18,000,000 1 22,000,001 22,500,000 1 1 22,500,001 23,000,000 1 29,500,001 30,000,000 1 34,500,001 35,000,000 1 36,500,001 37,000,000 1 61,500,001 62,000,000 1 70,500,001 71,000,000 1 176

32. 2,742,532 2,278,361 25(b) 2,463,693 1,637,428 25(c) 64,163 25(d) 464,876 1,117,780 25(e) 1,150,472 1,585,401 25(f) 13,069 6,867 6,898,805 6,625,837 476,918 (1,172,053) 613,794 (4,053,773) (5,349,504) 1,672,979 2,367,045 33. (b) 3,566,217 2,833,727 (337,102) (256,988) 3,229,115 2,576,739 (c) 3,821,650 2,236,084 (d) 7,050,765 4,812,823 (a) (b) 25% 25% (c) 30% 60% 177

33. (d) 28,475,020 11,868,840 (3,821,650) (2,236,084) 24,653,370 9,632,756 25% 25% 6,163,343 2,408,189 (11,804) 3,830 (23,712) (195,041) 103,152 1,620 308,603 500,566 (154,892) (3,276,890) 121,315 (142,425) 3,229,115 2,576,739 3,821,650 2,236,084 7,050,765 4,812,823 (e) (182,480) 45,620 (136,860) 64,990 (16,247) 48,743 178

34. 21,186,451 6,755,908 3,222,367 3,217,624 6.5748 2.0997 35. 3,319,038,000 3,866,840,000 0.77 2,481,223,000 0.33 0.30 1,063,381 966,710 0.77 0.70 2,481,223 2,255,657 3,544,604 3,222,367 179

36. (a) 21,424,255 7,056,017 3,451,904 3,180,202 7,050,765 4,812,823 (198,856) (194,894) 1,672,979 2,367,045 694,461 498,490 138,862 123,468 1,247 (24,175) (25,679) (54,355) (90,107) 13,459 (13,107,560) 33,322 (844,493) (128,170) (438) (780,672) (1,740,812) (10,233) (17,631) 21,517 3,732 20,197,246 15,129,227 (22,586,874) (1,165,233) (743,714) (2,324,003) (6,762,056) (5,404,477) 1,237,954 (2,040,905) 9,511,333 1,139,142 2,413,588 371,501 3,267,477 5,705,252 180

36. (b) 19,697,169 25,306,015 (28,414,422) (33,681,918) (113,829,411) (87,170,166) (122,546,664) (95,546,069) 19,697,169 25,306,015 (85,811,800) (78,289,738) (56,432,033) (42,562,346) (122,546,664) (95,546,069) 13,970,313 (48,176) (12,343) (32,631,066) (49,747,055) (68,468,327) 11,267,780 93,908 127,689 2,334,278 (36,181,438) (22,357,783) (133,009) (221,682) (354,691) 67,922 (762,310) (694,388) (14,573) (115,346) (2,520,970) (1,019,991) (3,670,880) 25,306,015 (101,850) (221,682) (33,580,068) (86,948,484) (95,546,069) (5,498,370) 101,984 5,174,547 (26,428,583) (26,650,422) (426) (1,591) (2,017) (110,476) 638,443 506,967 1,034,934 (89,018) 88,508 (558,034) (824,546) (1,383,090) 19,697,169 (89,310) (134,765) (28,325,112) (113,694,646) (122,546,664) 181

37. (a) 52,779,589 33,406,812 (b) 5,102,942 5,514,356 57,882,531 38,921,168 (a) (i) 25 (ii) (b) 38. (a) 8,400,098 6,502,044 18,628,978 12,200,006 280,000 797,340 27,826,416 18,982,050 182

38. (b) 33,692 27,841 36,029 42,414 34,244 47,938 103,965 118,193 39. 33.52% 32.02% i) 100,113 73,368 ii) 209 33 242 iii) 41 6,513 41 6,513 183

39. iv) 24,987 18,588 10,696 6,953 35,683 25,541 v) 78,783 68,239 58,807 188,052 24,945 960 12,579 11,928 11,731 10,902 2,921 2,337 189,766 282,418 34,951 16,198 51,149 240,915 282,418 vi) 2,438 vii) 9,651 28,925 184

39. viii) (a) 1,170,000 1,125,000 1,022,424 589,004 624,443 475,000 308,500 50,000 67,500 108,600 56,400 120,000 48,000 3,249,267 2,515,604 629,100 405,000 30,000 119,920 659,100 524,920 3,908,367 3,040,524 (b) 402,300 634,500 896,000 402,300 1,530,500 185

39. ix) Instant Glory (a) 2,179,543 (a) 682,408 401,128 ((b)) 605,828 (b) 171,287 187,957 (a) 147,025 103,942 103,181 Etone Australia (a) 94,037 10,003 10,003 350,734 3,994,073 1,053,003 2,485 106,263 103,206 520 42,281 209,989 42,281 36,000 4,242,547 1,095,284 2,025,265 416,512 1,661,137 1,372,237 491,825 91,825 389,000 389,000 47,801 4,615,028 2,269,574 82,700 414,142 77,576 77,576 160,276 491,718 4,775,304 2,761,292 186

39. ix) (a) (b) 40. 5.875% 100,000,000648,320,000 99.426% 640,561,000 5.000% 350,000,0002,232,125,000100% 2,206,205,000 187

41. 104,120 107,382 1,520,912 1,435,661 145,153 142,644 81,901 58,414 24,371,323 20,388,322 3,515,384 3,637,426 57,405 2,535 294,997 157,712 400,390 583,550 30,491,585 26,513,646 1,221,063 1,134,049 1,826,576 2,676,403 63,021,656 52,975,831 28,697 5,562 4,788,177 12,439,600 1,700,585 3,418,851 72,586,754 72,650,296 103,078,339 99,163,942 805,592 805,592 (a) 4,480,630 4,618,000 (a) 4,579,324 4,930,843 9,865,546 10,354,435 50,859,103 53,555,974 38,605,208 32,818,607 1,100,482 896,596 1,750,000 833,330 898,000 705,000 42,353,690 35,253,533 93,212,793 88,809,507 103,078,339 99,163,942 188

41. (a) 5,219,618 4,559,210 3,578,065 14,220 44,570 (3,866,840) 4,930,843 4,618,000 4,930,843 4,618,000 2,967,519 (137,370) (3,319,038) 4,579,324 4,480,630 189

42. (a) (ii) 5,308 16 5,324 (i) 5,308 16 5,324 6,611 6,611 2,605 2,605 426 426 426 426 322 322 132 132 212 212 322 322 (ii) 4,330 5 4,335 (i) 4,330 5 4,335 6,609 6,609 3,655 3,655 422 422 422 422 319 319 339 339 319 319 190

42. (b) 72 72 66 72 72 66 (i) (ii) (iii) (iv) (c) 42(a) (d) (e) (f) 191

21,425,638 7,066,460 64,862,417 46,803,577 1. (1,844) (13,920) 41,651 43,495 2. 461 3,477 (10,414) (10,875) 21,424,255 7,056,017 64,893,654 46,836,197 1. 5 27 2727 2. 192

84,429,320 48,033,848 44,573,266 39,659,133 33,781,882 213,679,620 178,377,631 139,159,665 132,181,140 106,565,240 298,108,940 226,411,479 183,732,931 171,840,273 140,347,122 120,549,779 92,101,058 53,695,345 49,003,732 47,538,473 112,665,507 87,474,224 80,820,206 70,690,979 59,326,606 233,215,286 179,575,282 134,515,551 119,694,711 106,865,079 64,893,654 46,836,197 49,217,380 52,145,562 33,482,043 59,277,855 53,730,339 44,290,924 34,705,410 36,271,284 (38,315,554) (38,543,599) (30,083,853) (22,391,431) (22,036,298) 20,962,301 15,186,740 14,207,071 12,313,979 14,234,986 1,325,048 2,257,206 1,518,092 2,030,304 2,728,953 (1,814,776) (1,315,362) (896,657) (896,059) (626,089) (3,526,982) (2,672,863) (2,409,572) (2,220,501) (1,838,631) 13,107,560 30,053,151 13,455,721 12,418,934 11,227,723 14,499,219 (1,672,979) (2,367,045) (2,153,995) (1,215,921) (1,933,742) (33,322) 844,493 1,343,455 169,789 357,253 128,170 (64,329) (18,893) (25,205) (50,901) 28,475,020 11,868,840 11,589,501 10,156,386 12,871,829 (7,050,765) (4,812,823) (4,877,229) (3,649,997) (5,226,181) 21,424,255 7,056,017 6,712,272 6,506,389 7,645,648 21,186,451 6,755,908 5,615,795 5,220,606 7,633,860 143,567 273,943 1,105,249 1,331,328 94,237 26,166 (8,772) (45,542) 11,788 193

(%) 100% 80% 100% 27 40% M1-5 1,119,211 532,052 532,052 31,560 25,248 16,235 32,926 32,926 6,463 156,510 62,604 100% 18,648 85,876 85,876 75% 57,108 156,418 117,313 28 67% 51,530 275,320 184,464 100% 1,630,681 717,848 717,848 100% 1,318,673 1,601,249 1,601,249 100% 79,167 37,598 37,598 100% 698,012 100,920 100,920 100% 832,689 1,277,410 1,277,410 50% 37,628 143,152 71,576 86% 97,692 448,911 383,819 65% 131,419 418,913 272,293 194

(%) 46 100% 46 46,407 196,844 196,844 100% 1,702,993 364,938 364,938 B 100% 4,352,042 1,852,465 1,852,465 100% 277,160 27,559 27,559 100% 586,240 539,300 539,300 100% 1,325,817 3,315,247 3,315,247 100% 69,817 207,519 207,519 100% 132,000 538,754 538,754 100% 42,089 157,100 157,100 30% 28,495 143,857 43,157 100% 81,374 250,621 250,621 100% 36,351 173,721 173,721 100% 54,000 140,967 140,967 50% 78,721 585,528 292,764 100% 1,981,995 3,746,286 3,746,286 100% 173,630 395,089 395,089 100% 99 79,583 30,978 30,978 195

(%) 100% 186,650 100,099 100,099 60% 99,272 157,155 94,293 100% 64,379 441,395 441,395 50% 142,664 98,886 49,443 100% 106,318 164,100 164,100 5 6 100% 46,095 210,293 210,293 100% 385,387 792,374 792,374 100% 77,107 289,241 289,241 100% 66,824 151,023 151,023 100% 111,384 310,929 310,929 100% 197,762 344,649 344,649 100% 101,163 365,437 365,437 100% 65,054 148,785 148,785 100% 118,853 337,780 337,780 100% 111,261 110,882 110,882 100% 235,669 314,498 314,498 100% 123,392 452,750 452,750 100% 190,621 550,319 550,319 196

(%) 100% 132,312 350,476 350,476 1a 100% 66,667 209,437 209,437 100% 69,796 430,573 430,573 100% 932,994 439,241 439,241 100% 80,640 142,040 142,040 100% 433,908 444,969 444,969 100% 94,092 307,517 307,517 100% 154,416 302,983 302,983 100% 930,932 121,457 121,457 100% 23,070 398,149 398,149 25% 1,289,227 2,153,593 538,398 100% 1,781,702 2,659,434 2,659,434 100% 46,666 37,702 37,702 100% 100,000 266,454 266,454 100% 74,685 120,746 120,746 100% 6,880 34,441 34,441 100% 139,375 294,191 294,191 80% 94,490 261,910 209,528 197

(%) 100% 1,056,200 230,824 230,824 3 100% 9 237,601 601,218 601,218 100% 73,239 116,067 116,067 100% 188,744 506,000 506,000 100% 327,987 1,315,770 1,315,770 100% 89,628 314,272 314,272 100% 58,045 226,711 226,711 100% 708,112 1,747,419 1,747,419 100% 120,574 301,422 301,422 100% 399,198 608,938 608,938 100% 96,553 49,658 49,658 100% 373,092 262,491 262,491 100% 37,766 219,731 219,731 100% 255,524 456,798 456,798 100% 426,911 1,005,731 1,005,731 100% 48,797 163,534 163,534 100% 72,274 269,400 269,400 100% 138,224 435,598 435,598 45% 128,858 704,636 317,086 45% 94,710 392,183 176,482 198

(%) 100% 400,000 3,669,755 3,669,755 Live City 100% 124-188 33,288 174,531 174,531 100% 1 4,583 92,179 92,179 100% 72,174 86,338 86,338 100% 4,031 43,400 43,400 3 100% 142,571 187,299 187,299 65% 97,211 534,662 347,530 68% 16,813 236,484 159,627 100% 110,505 275,126 275,126 100% 38,792 96,978 96,978 100% 30,000 90,000 90,000 100% 69,466 208,398 208,398 70% 187,574 300,119 210,083 100% 68,214 176,728 176,728 199

(%) 33% 148,265 471,106 155,465 100% 79,395 222,306 222,306 100% 147,631 262,065 262,065 100% 12,254 27,570 27,570 100% 179,666 165,892 165,892 40% 95,925 201,442 80,577 100% 53,860 172,093 172,093 100% 50,103 130,267 130,267 100% 267,082 332,529 332,529 100% 57,294 143,236 143,236 100% 40,743 101,858 101,858 100% 76,178 494,728 494,728 100% 8,304 45,655 45,655 100% 51,879 181,577 181,577 200

(%) 100% 571,864 150,761 150,761 25% 119,560 246,707 61,677 100% 94,562 141,843 141,843 100% 107,516 483,822 483,822 100% 192,472 280,902 280,902 100% 43,507 78,312 78,312 100% 116,755 327,075 327,075 33% 68,681 71,368 23,766 100% 35,069 112,000 112,000 100% 53,592 123,262 123,262 50% 170,200 255,301 127,651 50% 99,493 218,506 109,253 100% 22,157 66,470 66,470 100% 9,805 193,000 193,000 100% 166,855 66,742 66,742 100% 105,123 277,195 277,195 201

(%) 100% 91,155 109,385 109,385 100% 123,430 449,700 449,700 100% 281,806 339,000 339,000 100% 373,406 28,032 28,032 ) 100% 7 29,250 358,500 358,500 100% 509,692 1,186,839 1,186,839 100% 884,185 920,105 920,105 100% 389,308 812,711 812,711 100% 133,306 279,941 279,941 100% 250,834 641,659 641,659 100% 1,457 28,345 28,345 100% 36,38, 3,291 31,014 31,014 40-44,48 67 100% 3-9 16,800 145,004 145,004 25 50% 323,740 1,164,520 582,260 202

(%) Croydon 100% Croydon 22,300 113,673 113,673 Vauxhall 100% 13,700 148,219 148,219 NES 50% 41,000 212,830 106,415 100% 15,192 136,728 136,728 100% 77,243 547,588 547,588 100% 36,632 146,527 146,527 203

J2-7 351 109,000 109,000 91 F1-2 375 115,000 115,000 340 38,000 38,000 J1-1 208 35,000 35,000 # 309 53,000 17,500 285 36,200 36,200 531 120,000 120,000 316 22,000 22,000 312 43,500 43,500 * 400 56,000 56,000 297 48,300 48,300 342 54,000 54,000 366 58,000 58,000 * 310 47,000 47,000 200 52,000 52,000 321 46,000 46,000 376 56,000 56,000 319 42,900 42,900 254 37,400 37,400 353 57,000 57,000 162 24,000 24,000 309 45,000 45,000 142 10,000 10,000 * 447 76,000 76,000 1* 125 10,000 10,000 2* 300 59,000 59,000 204

311 43,400 43,400 * 370 59,000 59,000 345 47,900 47,900 280 43,000 43,000 358 52,400 52,400 # * 150 18,000 18,000 * 298 41,000 41,000 AC* 245 16,000 16,000 224 45,200 45,200 332 49,300 49,300 313 36,000 36,000 288 31,600 31,600 271 47,500 47,500 262 32,300 32,300 310 42,900 42,900 261 33,000 33,000 292 47,600 47,600 315 42,900 42,900 285 37,600 37,600 205

286 36,400 36,400 283 34,900 34,900 285 37,900 37,900 287 33,800 33,800 263 26,500 26,500 263 26,500 26,500 279 34,300 34,300 285 32,100 32,100 281 36,700 36,700 327 41,400 41,400 306 34,900 34,900 (1) 297 44,700 44,700 304 41,000 41,000 284 37,000 37,000 286 36,100 36,100 206

303 44,100 44,100 263 29,400 29,400 331 42,800 42,800 280 36,500 36,500 350 47,400 47,400 291 40,700 40,700 349 51,100 51,100 350 46,700 46,700 303 43,300 43,300 276 39,100 39,100 305 49,300 49,300 310 48,500 48,500 305 50,400 50,400 409 47,200 47,200 289 43,300 43,300 293 43,800 43,800 207

343 53,000 53,000 295 41,900 41,900 290 43,000 43,000 253 38,700 38,700 247 33,300 33,300 285 47,500 47,500 210 32,800 32,800 370 66,300 66,300 289 40,800 40,800 322 47,800 47,800 424 65,800 65,800 230 44,600 44,600 270 42,600 42,600 300 51,700 51,700 280 39,500 39,500 208

297 41,800 41,800 312 46,300 46,300 302 48,500 48,500 302 41,600 41,600 271 36,800 36,800 * # (1) 2018 1 209

J1-4 163,000 163,000 55,000 55,000 * 1,200,000 1,200,000 * # 569,000 455,200 IGC # 96,000 32,000 * 427,000 427,000 # 99 107,000 85,600 43,000 43,000 4,000 4,000 9,000 9,000 16,000 16,000 29,000 29,000 # 28 57,000 42,800 60,000 60,000 Viva 111,000 111,000 43,000 43,000 * 73,000 73,000 255,000 255,000 * 613,000 613,000 1 93,800 93,800 * 109,000 109,000 * 159,000 79,500 * # 210

211 10 45-54 510623 10 45-54 510623 160-174 1103 22 8 39 H 183 17M www.rfchina.com

H 2777 2777.HK 2777HK 400 * 2005 6.9375 2.7 2006 17.14 6.675 2007 45.6 12.8 2008 28.3 2.3 2009 18.98 5.31 2010 14.14 8.55 2011 12.54 5.48 2012 13.40 5.80 2013 16.28 9.89 2014 11.92 7.65 2015 10.9 6.35 2016 13.98 7.58 2017 21.65 9.20 212 *

10 45-54 510623 (8620) 3888 2777 (8620) 3833 2777 160-174 1103 (852) 2511 6675 (852) 2511 9087 / 2507 5464 www.rfchina.com *