2868 21,292,040,00020,349,404,000 2,796,797,0002,863,994,000 2,112,580,000 2,017,558,000 6767 0.21 0.20 1
3 21,292,040 20,349,404 3 (15,215,413) (16,870,570) 4 (1,262,260) (1,435,007) (555,507) (624,959) (743,866) (464,252) (33,736) 58,364 (257,606) (772) (111,082) 1,485,125 352,654 1,317,639 99,637 582,988 181,002 105 189,124 3,835,350 3,815,077 19,373 130,935 (15,406) (7,544) 3,839,317 3,938,468 6 (1,042,520) (1,074,474) 2,796,797 2,863,994 (3) (14,304) 2,112,580 2,017,558 684,217 846,436 7 0.67 0.67 0.67 0.67 2
2,796,797 2,863,994 42,752 (167,134) 42,752 (167,134) 42,752 (167,134) 31,984 (8,087) 773 4,435 (70,218) (110,207) (324) 9,928 112,521 (95,187) 2,839,549 2,696,860 2,155,332 1,850,424 684,217 846,436 3
21,038,178 17,926,073 73,844 217,141 9 2,409,002 995,223 6,626,829 372,047 468 30,581 12,000 12,000 7,833,512 3,349,177 65,467,004 64,876,885 338,921 9,921 5,175,724 3,957,937 2,851,861 2,841,299 111,827,343 94,588,284 2,590,462 2,390,462 3,201,838 2,798,495 4,481,354 3,078,429 18,080,424 15,146,259 152,297 134,630 172,137 108,935 100,940 978,516 655,196 394,808 29,593,826 24,871,356 141,421,169 119,459,640 4
1,831,743 1,909,327 235,605 67,694 26,223 10 8,922,366 7,186,846 21,113,831 15,930,980 206,723 119,548 2,853,624 2,232,093 612,032 547,854 264,790 257,272 6,143,919 4,888,089 23,793,041 14,967,002 66,045,368 48,065,234 22,072,547 20,520,263 12,451,547 16,985,512 6,305,775 3,806,675 2,475,827 2,352,530 138,572 178,724 43,444,268 43,843,704 109,489,636 91,908,938 3,027,960 3,027,960 5,889,968 2,895,291 5,889,968 2,895,291 653,652 716,380 413,159 370,407 570,905 543,169 10,376,979 9,109,165 20,932,623 16,662,372 10,998,910 10,888,330 31,931,533 27,550,702 141,421,169 119,459,640 5
1. 201742 16 ( [2017]30 ) 2017 2. 8 6
7 2017 2016 (a) 8,894,836 1,988,942 2,265,096 1,618,434 3,184,786 226,746 126,952 2,906,146 80,102 21,292,040 160,693 514 (161,207) (7,551,363) (1,369,275) (1,500,194) (1,404,456) (2,359,143) (9,592) (971,456) (15,165,479) 14,365 8,954 73,782 1,314 21,602 9,781 1,905 307,141 846,613 (69,368) 1,216,089 (91,634) (19,403) (39,945) (262) (19,550) (116,109) (4,440) (190,730) (914,812) 69,368 (1,327,517) () (19,635) 156,920 (51,896) (42,689) (41) 57,403 (425) 99,637 (85,469) (172,137) (257,606) (2,008) (468) (1,632) (356) (6,432) (11,150) (1,631) (335) (3,977) (27,989) 558,370 282,898 582,809 91,591 681,613 239,420 104,753 2,032,190 (734,327) 3,839,317 (168,247) (115,225) (154,427) (59,865) (168,658) (49,505) (56,573) (507,941) 237,921 (1,042,520) 390,123 167,673 428,382 31,726 512,955 189,915 48,180 1,524,249 (496,406) 2,796,797 33,156,272 19,888,127 18,005,926 3,165,381 12,415,663 10,876,406 9,495,444 9,373,975 35,334,890 (10,290,915) 141,421,169 (32,621,361) (18,360,109) (11,404,334) (889,379) (8,754,355) (3,676,616) (3,601,021) (7,386,316) (38,453,247) 15,657,102 (109,489,636) 374,564 1,020,342 1,785,373 656,345 73,260 571,470 4,481,354 (i) 5,868 130 613 538 14,871 2,351,008 730,074 631 313 3,104,046 (i) 7
(b) 2,698,305 1,925,703 10,178,908 1,260,236 3,719,506 199,378 102,999 264,369 20,349,404 73,420 (73,420) (1,880,677) (1,708,054) (8,783,059) (1,104,706) (3,110,126) (9,962) (242,535) (16,839,119) 230,366 7,008 90,933 1,918 29,916 1,193 2,267 290,351 457,691 (104,827) 1,006,816 (305,351) (3,210) (2,334) (22,423) (54,177) (189,358) (2,259) (172,522) (266,370) 104,827 (913,177) 56,025 397,315 (25,545) (707) 10,311 139,589 6,000 582,988 (772) (772) (5,501) (628) (1,847) (340) (1,742) (21,522) (19,121) (308) (2,496) (53,505) 724,424 547,550 707,281 50,833 302,493 496,821 1,036,232 139,357 (66,523) 3,938,468 (198,192) (123,933) (225,358) (13,754) (77,848) (148,124) (259,482) (32,437) 4,654 (1,074,474) 526,231 423,617 481,923 37,079 224,645 348,697 776,750 106,921 (61,869) 2,863,994 59,795,686 17,527,457 11,335,927 4,509,723 15,994,567 7,634,733 9,281,359 6,438,407 5,670,784 (18,729,003) 119,459,640 (55,862,979) (15,540,370) (8,679,118) (1,504,032) (8,088,300) (2,828,346) (1,623,954) (3,473,972) (6,811,189) 12,503,322 (91,908,938) 822,075 899,423 537,268 629,122 190,541 3,078,429 (i) 3,332 265 216 2,236 1,129,755 718,984 22 1,854,810 (i) 21,292,040 20,349,404 18,161,909 15,803,416 179,747 145,358 18,341,656 15,948,774 2,052,168,000 9.6% 8
3. (a) 21,136,876 20,191,574 (b) 155,164 157,830 21,292,040 20,349,404 (a) 15,165,479 16,839,119 (b) 49,934 31,451 15,215,413 16,870,570 (a) 17,850,954 14,184,431 19,598,659 16,586,622 26,078 26,169 2,906,146 971,456 264,369 242,535 353,698 9,592 302,377 9,962 21,136,876 15,165,479 20,191,574 16,839,119 9
(b) 765 639 44,365 378 113,360 204 110,034 48,917 44,470 31,247 155,164 49,934 157,830 31,451 4. 180,978 697,189 880,633 532,580 200,649 205,238 1,262,260 1,435,007 5. 21,292,040 20,349,404 (15,215,413) (16,870,570) (180,978) (697,189) (200,649) (205,238) 5,695,000 2,576,407 6. 25% 25% 16.5% 10
5% 10% 1,219,566 509,367 (177,046) 565,107 1,042,520 1,074,474 3,839,317 3,938,468 25% 959,829 984,617 (24,909) (145,747) (21,293) (143,328) 188,073 (7,849) (22,851) (i) (104,516) (8,894) 111,053 205,368 64,402 193 10,050 10,050 7,955 833 (962) 54,920 1,042,520 1,074,474 (i) 11
7. 2,112,580 2,017,558 (95,736) 2,016,844 2,017,558 3,027,960 3,027,960 0.67 0.67 8. 635,872 605,592 605,592 506,990 0.203,027,960,000605,592,000 0.213,027,960,000635,871,600 12
9. 2,416,002 1,002,223 (7,000) (7,000) 2,409,002 995,223 2,196,967 370,636 73,964 47,907 45 470,967 145,026 112,713 2,416,002 1,002,223 1,168,000 1,122,000 7,000,000 7,000,000 7,000,000 7,000,000 13
(i) 2,289,818 636,858 80,899 339,223 17,441 10,909 27,844 15,233 2,416,002 1,002,223 (i) 10. 8,332,605 5,858,185 589,761 1,328,661 8,922,366 7,186,846 11. 111,827,343 94,588,284 (66,045,368) (48,065,234) 45,781,975 46,523,050 14
12. 141,421,169 119,459,640 (66,045,368) (48,065,234) 75,375,801 71,394,406 13. 7,966,533,000 6,648,906,000 15
21,292,040,0005% 3,835,350,0001% 2,112,580,0005%0.67 0.67 0.21 0.20 558.522.7% 90%2.3 15.8% 16
19318.7367.6 60.8 2020 4P 77% A2 14 17
69 1,300318 2,180 32.4 35%2,54034% 2017 TOP 20 5 3.875% 3.7% CMBS 114.83% 20 12 18
191 F02 196,085 50% F03 221,102 50% 17,609 100% 34,083 100% 118,380 100% 162,326 100% 31,461 100% 73,833 95% 211,596 100% 86,474 100% 12,076 55% 149,464 100% 101,798 96.39% 102,765 72.39% 40,383 50% 108,219 100% 129,698 72.39% 112,277 72.39% 1,909,629 19
558.5 22.7%240.06.0%2.3 15.8% 565,103 39,963 22,582,967 146,500 28,820 4,222,199 545,532 19,494 10,634,779 202,107 9,033 1,825,685 275,601 13,281 3,660,354 522,535 10,900 5,695,695 142,286 50,795 7,227,366 2,399,664 23,274 55,849,045 1. 501.5 90% 225.830.9%40.4% 57.0135.1% 20
2. 818 3. 1726,000 19 318.7 367.693% 174.7 43.6 60.8 21
1,154 805893 620 82% 18% 220,878 316,069 153,116 60,999 215,323 145,149 75,065 231,532 133,506 76,286 305,512 181,983 53,579 160,668 101,510 0102 13,868 60,106 38,830 22-05 21,491 48,221 32,236 25-04 14,909 33,767 22,364 9,519 67,596 43,596 66,888 415,950 252,650 38,704 106,010 80,000 41,175 106,555 78,232 296,174 497,296 320,050 14,447 76,603 60,000 85,897 195,424 128,846 A2 18,168 15,513 15,513 67,920 133,500 87,000 MAX 37,356 103,953 103,953 AutoAlley 14,287 97,758 97,758 1,227,610 3,187,356 2,076,292 22
2,224 33.674.9% 12.4 % 20.7% 23
A-Z Town 24
1. 750 800 2. 2020 25
3. 4. 5. 26
21,292,040,000 20,349,404,000 5% 27%13% 14 3,835,350,000 3,815,077,000 1% 1. 141,421,169,000 119,459,640,000 111,827,343,000 94,588,284,00029,593,826,000 24,871,356,000109,489,636,000 91,908,938,000 66,045,368,000 48,065,234,000 43,444,268,000 43,843,704,000 31,931,533,000 27,550,702,000 1.691.97 21,038,178,000 17,926,073,000 66,454,653,000 58,188,779,000 40,829,869,000 41,312,450,000 77% 77% 27
2. 100% 72.39% 61.53% 100% 100% 100% 100% 100% 100% 28
25% 35% 70% 50% 30% 49% 19 100%30% 70% 29
24 50% 40% 3. 4. 5,864,651,000 7,773,813,000 5,204,164,000 3,343,360,000 5,500,000,000 6,500,000,000 700,000,000 700,000,000 30
2,298,000,000 3,219,375,000 3,636,190,000 3,190,000,000 743,000,000 1,698,240,000 2,802,040,000 885,000,000 540,000,000 200,000,000 1,220,000,000 1,220,000,000 224,743,000 739,327,000 1,482,000,000 500,000,000 1,090,000,000 31
888,000,000 720,000,000 150,000,000 5. 3,000,000,000 4.58% 2,500,000,000 2 5.4% 2,500,000,000 4.78% 700,000,000 2 4% 2,300,000,000 3 4.2% 2,300,000,000 2 4.1% 1,700,000,000 3 4.26% 32
2,000,000,000 2 3.71% 1,000,000,000 3 3.84% 500,000,000 5% 500,000,000 5.7% 6. Central Plaza Development Ltd.Central Plaza International Financial Center Property Ltd.IFC Central Plaza1,000,000,000 Central Plaza 2,000,000,000 5.75% Central Plaza 250,000,000 6.875% Central Plaza 1,000,000,000 5.75% Rosy Capital Global Limited Rosy Capital 1,300,000,000 5.25% 33
Central PlazaIFC Central Plaza1,000,000,000 Central Plaza 400,000,000 3.875% Central Plaza 100,000,000 3.7% 7. Central Plaza850,000,000 IFC Central PlazaCentral Plaza Central Plaza Central Plaza400,000,0008.375% Central Plaza 450,000,000 7.125% 1,200,000,000 1,075,200,000 50% 537,600,000 3,000,000,000 2,895,291,000 34
2,000,000,000 1,970,028,000 1,100,000,000 1,024,650,000 8. 7,966,533,000 6,648,906,000 (i) (ii) (iii) 11,236,092,000 13,487,075,000 IFCCentral Plaza 250,000,000500,000,000 850,000,000 Rosy Capital 1,300,000,000 200,000,000 100,000,000 35
(a) H 183 17 1712 1716 (b) H 18317 1712 1716 H 10% 36
H H A.4.2 10.2 A.4.2 37
38
39