港燈電力投資年年報 - PDF Free Download

2015

2 3 6 8 16 22 24 25 26 28 35 52 55 57 58 59 60 61 62 63 124 125 126 127 128 129 133 134 135 136 137 138 139

2015 2014 112.10 105.04 35.38 32.18 40.04 36.42 19.92 16.53 20.12 19.89 1,137.15 1,128.11 46% 47% A- / A- / A- / 2014 29/1/201431/12/2014 6,200 10,879 3,737 > 99.999% 572,000 2

Qatar Investment Authority 99.999% 3

4 9.99% L10 L10

5 99.999%

一年概覽一月至三月港燈推出方便長者瀏覽的港燈老友網提供用電安全貼士等有用資訊為協助學生實踐環保意念港燈智惜用電計劃首度推出綠色能源夢成真十二個與能源效益可再生能源及可持續發展相關港燈舉辦研討會探討數據中心的發展趨勢及挑戰吸引約二百名本地資訊科技從業員參加訊科技從業員參加的綠色項目順利完成這項比賽於十二月結束為整項活動劃上圓滿句號港燈推行廚餘分類以支持政府的以支持政府的的惜食約章惜食惜食食約章約章港燈聯同港島多個區議會南丫島議會南南丫島鄉事委員會及十多間長者服務機構長者服服務機構於三月開展送暖樂社群群計劃計劃計劃義工隊探訪獨居長者協助他們協助他們他們購買較大件的日用品並鼓勵他並鼓勵勵他他們參與社區活動四月至六月港燈為約二百名來自區議會業主立案法團及物業管理公司的代表舉辦智惜用電基金座談會以加強他們對建築物能源效益的認識 Qatar Investment Authority購入港燈電力投資百分之十九點九的策略性權益成為第三大股東約五百名港燈員工參與世界環境日承諾實踐低碳生活方式活動包括加強源頭減廢及回收再造由港燈及香港社會服務聯會合辦兩年一度的傑出第三齡人士選舉今年共表揚本地十一位在終身港燈回應政府就電力市場未來發展進行的公眾諮詢重申維持現行的規管架構才是上算 6 港燈電力投資學習保持身心健康和服務社會均有傑出表現的退休人士

(L10) YouTube 1.5 7

99.999% 8

L10 L2 9

L10 L10 L10 10,000 8,000 6,000 4,000 2,000 0 2011 2012 2013 2014 2015 10

11 11 11 11 11 11 1

99.999% 12

ISO 14001:2015 ISO 14001:2015 13

120 100 80 60 40 20 0 2011 2012 2013 2014 2015 14

ISO 9001 L10 15

10% 29% 26% 21% 6% 6% 2% 16

4R 4R (reduce) (reuse)(recover)(recycle) 28,000 27,000 26,000 25,000 24,000 23,000 YouTube Facebook 22,000 2011 2012 2013 2014 2015 20

G4 (www.hkei.hk) 2015 21

14 2014/15 (9 2014/15 2015ARC 2014 2014 2015 100 2014 Vision 2014 2014 2014 2014/15 16 2015 2015 2014 2015 2015 2015 23 2014 (9 7% 16% 21% 22% 22

2013/14 2015 2014/15 10 2015 II 2013/2014 2015-16 2015 27 2015 14 2015 2015 1 23

5.7 24

26 25

26 52 54

Hutchison Telecommunications (Australia) LimitedHTAL Hutchison Port Holdings Management Pte. LimitedHPHMPL HPHMPL XV Powercor Australia Limited CitiPower Pty. XV Quickview Limited XV Quickview Limited 28

XV XV 29

Li Ka Shing (Canada) Foundation XV Fahad Hamad A H AL-MOHANNADI Al-Mohannadi Al-MohannadiQatar Electricity & Water Co. QEWC Al-Mohannadi QEWC QEWCAl-Mohannadi Ministry of Electricity and WaterAl-Mohannadi Qatar Power Company Ras Laffan Power Company Nebras Power Q.S.C. Umm Al Houl Power Co.Qatar Science & Technology Park Al-Mohannadi XV 30

XV XV Deven Arvind KARNIK Karnik Karnik Qatar Investment AuthorityQIA QIA Karnik Karnik Heathrow Airport Holdings Limited Karnik XV China Properties Group Limited 31

32 XV XV XV HTAL TOM TOM XV

33 TOM HPHMPL HTAL HTAL HPHMPL XV

董事局及高級管理人員零五年至二零零八年期間余先生負責電能集團香港以受託人經理秘書及公司秘書外投資業務余先生持有資訊科技碩士學位為特許工程師及註冊專業工程師以及香港工程師學會澳洲工吳偉昌程師學會與英國工程及科技學會會員四十六歲集團法律顧問及公司秘書於二零零八年十一月加入本集團吳先生亦為電能之集團法律顧問楊玉珍五十二歲公共事務總經理於二零零三年七月加入本集團楊小姐從事新聞及企業傳訊工作逾二十九年持及公司秘書吳先生從事法律法規及合規事務逾十五年持有理學士學位及法律學士學位吳先生為香港及英國之合資格律師有文學學士學位及公共行政碩士學位由左至右黃玉強胡國光楊玉珍黃劍文陳炳基劉志光余德秋吳偉昌 34 港燈電力投資

(a)(b) (c) 36 35

100% 28 34 36

4/4 1/1 2/2 4/4 2/2 4/4 4/4 4/4 4/4 4/4 4/4 (1) 4/4 4/4 4/4 4/4 (2) 4/4 2/2 4/4 2/2 Fahad Hamad A H Al-Mohannadi (3) 2/2 1/1 2/2 1/1 4/4 3/3 2/2 4/4 3/3 2/2 (4) 4/4 2/2 4/4 2/2 (4) 4/4 2/2 4/4 2/2 Deven Arvind Karnik (3) 2/2 1/1 2/2 1/1 3/4 1/1 1/2 3/4 1/2 (5) 4/4 2/2 4/4 2/2 4/4 3/3 2/2 4/4 3/3 2/2 4/4 2/2 4/4 2/2 4/4 3/3 1/1 2/2 4/4 3/3 2/2 (6) 1/1 1/1 1/1 1/1 (1) (2) (3) Fahad Hamad A H Al-MohannadiDeven Arvind Karnik (4) (5) (6) 37

A.5 Fahad Hamad A H Al-Mohannadi Deven Arvind Karnik 38

0 2 4 6 8 10 12 14 16 18 40-49 50-59 60-69 70 Fahad Hamad A H Al-Mohannadi Deven Arvind Karnik 3.10A 3.10A 3.10A 29.2(m) 16.21 39

Fahad Hamad A H Al-MohannadiDeven Arvind Karnik 29.2(g) 16.3 1. 2. 3. 1 2 3 Fahad Hamad A H Al-Mohannadi Deven Arvind Karnik 40

42 3.13 XV XV78

7,870,000 7,870,000 0.08% 2,000,000 2,000,000 0.02% 74,000 74,000 0% (a) 2,700,000 Lankford Profits Limited (b) 5,170,000 XV 43

44 8211 83 11 B.1

47 25 27 www.hkei.hk

48 57 124 80 9 131 4 www.hkei.hk 137 5% 5%

www.hkei.hk (99.9972%) (98.3863%) (99.9866%)(99.9867%) (99.8391%) (96.0243%) (99.8783%) 19.92 20.12 (92.6867%) 49

XV 23 2,948,966,418 1 33.37% Hyford Limited 2,948,966,418 1 2) 33.37% Cheung Kong Infrastructure (BVI) Limited 2,948,966,418 2 33.37% 2,948,966,418 2 33.37% Hutchison Infrastructure Holdings Limited 2,948,966,418 3 33.37% 2,948,966,418 3 33.37% 2,948,966,418 3 33.37% 2,948,966,418 4 33.37% CK Hutchison Global Investments Limited CK Global Investments Limited 2,948,966,418 4 33.37% 2,948,966,418 4 33.37% 1,855,602,000 5 21.00% 1,855,602,000 5 21.00% 1,855,602,000 5 21.00% Qatar Investment Authority 1,758,403,800 19.90% (1) Quickview Limited 2,948,966,418Hyford Limited Hyford Limited2,948,966,418 2,948,966,418 (2) Cheung Kong Infrastructure (BVI) LimitedCheung Kong Infrastructure (BVI) LimitedHyford Limited (1)2,948,966,418(3) HKEI (3) Hutchison Infrastructure Holdings LimitedHIH HIH (2)2,948,966,418 (4) CK Hutchison Global Investments Limited CK Global Investments Limited (3)2,948,966,418 (5) 1,855,602,000 1,855,602,000 50

51 (i) (ii) (i) (ii) (iii) (1) (2) 30% 30% (i) (ii) 2.6 90 (iii)

2015 12 31112.102014 105.04 35.912014 32.012015 12 31 35.38 2014 32.18 2014 1 29 2014 12 31 40.04 201436.42 20.122014 19.89 20.12 2014 19.89 19.92 201416.53 2015 12 3140.04 2014 36.42 2014 1 29 2014 12 31 100% 2015 2014 1 29 2014 12 31 3,591 3,201 (i) (a) 4,532 4,594 (ii) 1,652 530 52 178 18 12 (918) (847) 804 (127) (iii) (2,237) (1,662) (iv) (779) (500) (937) (1,132) (1,716) (1,632) (v) (1,436) (1,156) 3,538 3,218 1,760 1,461 1,778 1,757 3,538 3,218 (c) 19.92 16.53 20.12 19.89 40.04 36.42 52

(a) 1.1(i)(ii) (iii) (iv)(v) (vi)(vii) (viii) (b) (i)(ii) (c) 17.60 2014 14.612015 6 308,836,200,0002014 6 30 8,836,200,000 19.92201416.5317.782014 17.572015 12 318,836,200,0002014 12 318,836,200,000 20.12 2014 19.89 25.162014 21.67 2015 12 31 472.17 2014 478.69 2015 12 31 102014 10 61.57 2014 46.30 2015 6 9 A- 2015 9 8 A- 20154 1.3520 1.1530 10.56 15 37 2015 12 31 0% 50% 100% 2015 12 31 410.60 2014 432.39 46% 201447% 100% 100% 2015 2014 53

0% 50% 100% 73% 27% 2015 77% 23% 2014 0% 50% 100% 2015 12 31 90% 2015 12 31 542.672014 510.69 2% 86% 12% 1% 81% 18% 2015 2014 2015 12 31 2014 0% 50% 100% 93% 7% 2015 91% 9% 2014 2015 12 31 2014 2015 12 31 10.742014 9.73 2015 12 31 1,8002014 1,813 54

17 3 5 8 21 52 54 2 25 27 8 21 26 27 35 51 58 123 125 132 13 20.12 19.89 19.9216.53 40.04 36.42 100% 19.9216.53 20.1219.89 27(b) 8 100 100 133 55

56 30% 33.8% 42.2% 66.6% 72.5% 5% Fahad Hamad A H Al-Mohannadi Deven Arvind Karnik

58 123 2 2015 12 31 2015 12 31 10 8 2016 3 15 2015 57

2015 12 31 2015 2014 5 11,210 10,504 (5,189) (4,832) 6,021 5,672 7 78 121 (811) (766) 5,288 5,027 8 (1,025) (938) 9 4,263 4,089 10 (1,059) (880) 309 171 (750) (709) 3,513 3,380 12(b) 78 (179) 3,591 3,201 14 40.64 39.23 63 123 2 13 58

2015 12 31 2015 2014 3,591 3,201 (158) 49 26 (8) (132) 41 (167) (77) 4 19 (7) 23 14 (121) (70) 3,338 3,172 63 123 2 2015 59

2015 12 31 2015 2014 64,521 64,802 6,472 6,665 15 70,993 71,467 16 33,623 33,623 24 314 352 25(a) 580 668 26(b) 6 3 105,516 106,113 18 882 933 19 1,160 1,135 20(a) 6,157 4,630 8,199 6,698 21 (2,586) (2,488) 22 (2,283) (631) 23 (900) (520) 26(a) (360) (219) (6,129) (3,858) 2,070 2,840 107,586 108,953 23 (46,317) (47,349) 24 (207) (82) (2,001) (1,937) 26(b) (9,247) (9,602) 25(a) (587) (499) (58,359) (59,469) 12(c) (215) (293) 49,012 49,191 27(b) 8 8 49,004 49,183 49,012 49,191 2016 3 15 63 123 2 60

2015 12 31 27(b) 27(c) 27(d)(i) 27(d)(ii) 13 2014 1 1 2014 3,201 3,201 (70) 41 (29) (70) 3,242 3,172 4 24,027 24,031 4 24,122 24,126 (677) (677) 13(b) (1,461) (1,461) 13(b) (1,757) 1,757 2014 12 312015 1 1 8 47,472 (70) 24 1,757 49,191 2015 3,591 3,591 (121) (132) (253) (121) 3,459 3,338 13(c) (1,757) (1,757) 13(b) (1,760) (1,760) 13(b) (1,778) 1,778 2015 12 31 8 47,472 (191) (55) 1,778 49,012 63 123 2 2015 61

2015 12 31 2015 2014 20(b) 9,852 8,543 (919) (1,093) 49 42 (9) (918) (847) 8,064 6,636 (2,237) (1,662) (67) (80) 2 1,214 (1,394) (30,878) (499) (1,090) (34,511) 37,038 (2,846) 2,567 (500) (500) 283 247 (219) (220) (3,517) (1,461) 23,523 (70) (27,445) (4,232) 31,112 2,742 3,237 1 1 3,236 (1) (1) 12 31 20(a) 5,977 3,236 63 123 2 62

1. 2013 9 23 2011 44 2014 1 1 Treasure Business Limited 2014 1 29 (1) (2) (3) 2. 2015 12 31 2015 12 31 2015 12 31 2015 63

3. (a) 4 (b) 34 64

3. (d) (i) (ii) (ii)(i) 3(g)(ii) (e) (i) 3(e)(viii) 3(g)(ii) (ii) 3(g)(ii) (iii) 3(l) (iv) (v) 66

(vi) 3(e)(vii) 3(g)(ii) (vii) (viii) 100 60 60 60 35 30 30 25 20 15 10 5 10 5 6 5 2015 67

3. (f) 3(e)(viii)3(g)(ii) (g) (i) 68

(ii) 2015 69

3. (g) (ii) (iii) 34 3(g)(i) 3(g)(ii) 70

(h) (i) (i) (ii) 2015 71

3. (j) (k) 3(g)(i) (l) 3(o)(i) 3(o)(i) 72

(m) 3(u) (n) 3(o) (o) (i) (ii) 2015 73

3. (o) (ii) (p) (i) 2014 1 1 2018 12 31 2014 2018 (ii) 74

(iii) (q) 2015 75

3. (r) (s) 76

(t) (u) (i) (ii) 2015 77

3. (v) (i) (a) (b) (c) (ii) (a) (b) (c) (d) (e) (f) 3(v)(i) (g) 3(v)(i)(a) (h) 78

(w) 4. 19 2010-2012 2011-2013 5. 2015 2014 11,165 10,489 (6) (6) 51 21 11,210 10,504 6. 2015 79

7. 2015 2014 46 47 32 74 78 121 8. 2015 2014 1,120 1,029 (78) (74) (17) (17) 1,025 938 2.1% 2014 2.1% 9. 2015 2014 2,600 2,539 193 179 3,728 4,595 6 5 635 523 77 90 4 3 6 19 2014 80

10. (a) 2015 2014 1,059 881 (1) 1,059 880 26(b) (309) (171) 750 709 2015 16.5% 201416.5% (b) 2015 2014 4,263 4,089 16.5% 201416.5% 703 675 57 53 (10) (18) (1) 750 709 2015 81

11. (11) 2015 2014 (2) 0.12 0.74 0.86 0.84 0.07 6.06 0.02 7.62 13.77 12.21 0.07 2.41 2.48 2.28 0.07 3.02 0.73 1.41 5.23 4.69 (8) 0.08 0.08 0.14 (3) 0.07 2.03 0.02 0.50 2.62 0.07 4.10 0.02 3.08 7.27 6.71 0.07 0.37 0.44 0.02 Fahad Hamad A H AL-Mohannadi (6) 0.04 0.04 (1) 0.14 0.06 0.20 0.18 (4) 0.07 0.07 (4) 0.07 0.07 Deven Arvind Karnik (6) 0.04 0.04 (10) 0.03 0.03 (9) 6.42 (2) 0.09 0.02 0.11 0.10 (5) 0.07 0.01 0.08 (1) 0.14 0.02 0.16 0.15 0.07 0.03 0.10 0.09 (1)(2) 0.16 0.02 0.18 0.17 (7) 0.02 0.02 2015 1.45 19.00 0.79 12.61 33.85 2014 1.03 21.11 0.68 11.18 34.00 82

(1) (2) (3) 2015 1 6 (4) 2015 1 6 (5) 2015 1 6 (6) 2015 6 9 (7) 2015 10 7 (8) 2014 11 28 (9) 2014 11 28 (10) 2015 6 9 (11) 3 2014 4 22014 1 2015 2014 8.58 3.88 0.60 0.21 9.18 4.09 2015 2014 1,000,001 1,500,000 1 1,500,001 2,000,000 1 2,000,001 2,500,000 1 2,500,001 3,000,000 4 2 3,000,001 3,500,000 2 2 3,500,001 4,000,000 1 4,000,001 4,500,000 1 4,500,001 5,000,000 2 2015 83

11. 2015 2014 57 56 3 3 60 59 2015 2014 12 31 12. (a) 3(p)(i) 20132014 6 2013 1 1 2017 12 31 2014 1 1 2018 12 31 84

13. (a) 2015 2014 1 29 2014 12 31 3,591 3,201 (i) 1 4,532 4,594 (ii) 1,652 530 52 178 18 12 (918) (847) 804 (127) (iii) (2,237) (1,662) (iv) (779) (500) (937) (1,132) (1,716) (1,632) (v) (1,436) (1,156) 3,538 3,218 1 1.1(i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 2 100% 3 86

(b) 2015 2014 1 29 2014 12 31 19.92 2014 16.53 1,760 1,461 20.12 2014 19.89 1,778 1,757 3,538 3,218 2015 12 31 20.12201419.89 17.782014 17.57 2015 12 3120.122014 19.89 17.78 201417.57 2015 12 31 8,836,200,0002014 8,836,200,000 (c) 2015 2014 19.892014 1,757 2015 87

14. 35.91 2014 32.01 8,836,200,000 2014 8,158,354,521 15. 2014 1 1 16,148 45,891 281 3,073 65,393 6,844 72,237 8 422 45 1,692 2,167 2,167 356 1,269 81 (1,706) (3) (216) (14) (233) (233) 2014 12 31 2015 1 1 16,509 47,366 393 3,059 67,327 6,844 74,171 6 578 88 1,844 2,516 2,516 37 1,016 41 (1,094) (5) (308) (15) (328) (328) 2015 12 31 16,547 48,652 507 3,809 69,515 6,844 76,359 2014 1 1 (1) (110) (13) (124) (124) 467 2,089 93 2,649 179 2,828 2014 12 31 2015 1 1 466 1,979 80 2,525 179 2,704 (2) (217) (15) (234) (234) 510 2,114 79 2,703 193 2,896 2015 12 31 974 3,876 144 4,994 372 5,366 2015 12 31 15,573 44,776 363 3,809 64,521 6,472 70,993 2014 12 31 16,043 45,387 313 3,059 64,802 6,665 71,467 88

7,800 2014 7,400 1.032014 1.1 16. (a) 2015 2014 1 1 33,623 33,623 12 31 33,623 33,623 (b) 10 5 6.31 2014 6.65% 10 0.5 20140.5% 2015 11 30 6.8920146.90% 2015 11 30 2015 89

17. 2015 12 31 Century Rank Limited 1 100% Treasure Business Limited 1 100% (1) 2,411,600,000 100% (1) Hongkong Electric Finance Limited 1 45.1 7.5 10.56 2.5 23 100% (1) (1) 18. 2015 2014 525 572 357 361 882 933 2.05 20142.13 90

19. 2015 2014 (a) 678 668 463 452 1,141 1,120 24 2 3 17 12 1,160 1,135 4.082014 4.06 (a) 2015 2014 1 625 610 1 3 36 38 312 17 20 678 668 165% 28(a) 2015 91

19. (b) 2015 12 31 1002014 100 20. (a) 2015 2014 3 3 5,712 3,216 265 20 5,977 3,236 3 180 1,394 6,157 4,630 92

(b) 2015 2014 4,263 4,089 7 (46) (47) 8 1,025 938 8 17 17 9 2,600 2,539 9 193 179 9 77 90 9 19 1 (1) 43 (41) (28) (12) 1,652 530 37 231 18 12 9,852 8,543 2015 93

21. 2015 2014 2,557 2,466 24 29 22 2,586 2,488 2015 2014 1 700 798 13 529 475 312 1,328 1,193 2,557 2,466 22. 2015 1 1 32.3201433.1 2015 2014 1 1 631 101 (1,861) (2,875) 3,513 3,405 12 31 2,283 631 3(p)(ii) 94

23. 2015 2014 34,057 36,788 (20) 34,057 36,768 (a) 4,486 4,983 (b) 633 5,119 4,983 (900) (500) 4,219 4,483 (a) 6,087 6,098 (b) 1,954 8,041 6,098 46,317 47,349 (a) 1.65% 4.55% 2014 1.65% 4.55% 4.25% 2014 4.25% (b) 10.56 3.5% 2.5 4.6% 4.8% 2020 10 20 (c) 17 (d) 28(b) 2015 2014 12 31 2015 95

23. (e) 2015 2014 1 2 34,357 900 2 5 6,417 37,397 5 5,543 9,052 46,317 47,349 24. 2015 2014 (69) 18 (47) (88) (21) 3 (67) 3 (28) 313 (5) 334 (7) (1) (1) 316 (230) 355 (104) (6) 316 (236) 355 (104) 2 (29) 3 (22) 314 (207) 352 (82) 316 (236) 355 (104) 96

25. 25(b) (a) Willis Towers Watson Hong Kong Limited 25(a)(viii) (FSA) 2013 12 31 2015 12 3119 (2011) 2015 97

25. (a) (i) 2015 2014 3,948 3,976 (3,941) (4,145) 7 (169) (580) (668) 587 499 7 (169) (ii) 2015 2014 1 1 3,976 3,991 80 76 78 85 16 16 (37) 9 111 118 (276) (319) 12 31 3,948 3,976 98

(iii) 2015 2014 1 1 4,145 4,123 78 88 (84) 176 62 61 16 16 (276) (319) 12 31 3,941 4,145 2016 6,500 (iv) 2015 2014 80 76 (3) 80 73 (v) 2015 2014 53 49 27 24 80 73 2015 99

25. (a) (vi) 2015 2014 1 1 49 (158) 49 12 31 (109) 49 (vii) 2015 2014 353 402 197 205 500 533 134 165 2,638 2,713 119 127 3,941 4,145 (viii) 12 31 2015 2014 2.1% 2.3% 1.4% 1.8% 5.0% 5.0% 2.5% 2.5% 100

(ix) (a) 2015 2014 0.25% (56) (55) 0.25% 59 59 0.25% 54 53 0.25% (51) (50) (64) (61) 65 61 (b) 2015 2014 0.25% (42) (45) 0.25% 43 46 0.25% 42 46 2014 2015 101

25. (a) (x) 2015 2014 14.1 14.3 7.4 7.7 (b) 2015 2014 43 35 2002014 100 26. (a) 2015 2014 186 1,059 881 (1) 1,059 1,066 (699) (847) 360 219 102

(b) 2015 2014 (6) (3) 9,247 9,602 9,241 9,599 2014 1 1 9,847 (17) (52) (2) 9,776 (93) (87) 9 (171) 8 (14) (6) 2014 12 312015 1 1 9,754 (104) (35) (16) 9,599 (44) (273) 8 (309) (26) (23) (49) 2015 12 31 9,710 (377) (53) (39) 9,241 2015 2014 12 31 2015 103

27. (a) 27(b) 27(c) 27(d)(i) 27(d)(ii) 13) 2014 1 1 2014 3,648 3,648 (13) (13) (13) 3,648 3,635 4 24,027 24,031 4 24,122 24,126 (677) (677) 13(b) (1,461) (1,461) 13(b) (1,757) 1,757 2014 12 312015 1 1 8 47,472 (13) 430 1,757 49,654 2015 4,172 4,172 (16) (16) (16) 4,172 4,156 13(c) (1,757) (1,757) 13(b) (1,760) (1,760) 13(b) (1,778) 1,778 2015 12 31 8 47,472 (29) 1,064 1,778 50,293 20.12 2014 19.8917.78 2014 17.57 104

(b) 2015 0.0005 1 112 31 20,000,000,000 10,000,000 0.0005 1 112 31 20,000,000,000 10,000,000 0.0005 1 112 31 8,836,200,000 4,418,100 0.0005 1 112 31 8,836,200,000 4,418,100 2014 0.0005 1 1 760,000,000 380,000 19,240,000,000 9,620,000 12 31 20,000,000,000 10,000,000 0.0005 1 1 760,000,000 380,000 19,240,000,000 9,620,000 12 31 20,000,000,000 10,000,000 2015 105

27. (b) 2014 0.0005 1 1 2 (1) 4,409,299,999 2,204,650 4,426,900,000 2,213,450 12 31 8,836,200,000 4,418,100 0.0005 1 1 1 4,409,299,999 2,204,650 4,426,900,000 2,213,450 12 31 8,836,200,000 4,418,100 (c) 34 106

(d) (i) 3(o)(ii) (ii) (e) 20152014 2015 107

27. (e) 2015 2014 12 31 2015 2014 47,217 47,869 (6,157) (4,630) 41,060 43,239 49,012 49,191 41,060 43,239 90,072 92,430 46% 47% 28. (a) 2015 12 314.4520144.42 19 30% 108

19 2015 109

28. (a) 2015 2014 28(e)(i) 313 (101) 212 352 (30) 322 28(e)(i) 3 (2) 1 3 (3) 316 (103) 213 355 (33) 322 28(e)(i) 74 (3) 71 54 54 28(e)(i) 94 (76) 18 21 (17) 4 28(e)(i) 68 (24) 44 29 (16) 13 236 (103) 133 104 (33) 71 (b) 2015 12 31 102014 10 110

2015 1 1 2 12 31 2 5 5 1,721 34,913 7,221 10,966 54,821 47,295 2,413 2,413 2,413 4,134 34,913 7,221 10,966 57,234 49,708 179 35 214 117 (225) 360 166 352 878 (437) (269) (741) (1,447) 64 3,148 1,611 2,305 7,064 (3,143) (1,609) (2,438) (7,190) 1 88 88 (88) (88) 2015 111

28. (b) 2014 1 1 2 12 31 2 5 5 1,342 1,713 38,809 9,867 51,731 47,956 2,346 2,346 2,346 3,688 1,713 38,809 9,867 54,077 50,302 181 181 37 399 45 (281) 358 359 406 117 1,240 (397) (397) (762) (247) (1,803) 25 3,549 44 9 3,602 (3,530) (37) (7) (3,574) 1 351 351 (349) (349) 112

(c) (i) 2015 12 31 212.442014 212.44 258.722014 258.72 3(o) 2015 12 31 3.132014 3.52 7,4002014 5,400 2015 12 31 9,40020142,100 2015 113

28. (c) (ii) (i) 2015 2014 % % 0.69 5,892 1.33 4,610 2.25 (44,120) 2.13 (43,593) (38,228) (38,983) * 265 * 20 1.05 (3,097) 1.04 (4,276) * (2,001) * (1,937) (4,833) (6,193) * 0.01% (iii) 2015 12 31 100 2,40020144,900 3.422014 6.67 2014 114

(d) (i) 2015 12 31 2,0002014 2,500 (ii) 2015 12 31 4,5002014 100 (iii) 2015 115

28. (d) (iii) 2015 2 (47) (1,895) (2,837) (2,884) (1,893) 102 1,183 2,736 (46) (710) 2014 2 (60) (1,511) (2,736) (2,796) (1,509) 40 493 2,736 (20) (1,016) 116

(iv) 10% 2015 2014 (2) 8 (1) 15 10% 2014 2015 117

28. (e) 13 (i) 2015 2014 28(a) 313 352 28(a) 3 3 316 355 28(a) 74 54 28(a) 94 21 28(a) 68 29 4,554 4,568 3,097 4,256 7,887 8,928 118

(ii) 2015 2014 12 31 (iii) 29. 12 31 2015 2014 2,248 964 9,588 11,474 2015 119

30. 2015 12 312014 31. (a) 3,7002014 3,600 2015 12 31 4002014 200 (b) 14A 31(a) 14A 120

32. 2015 2014 59,016 58,338 6 3 59,022 58,341 5 6 2 1 7 7 (26) (29) (19) (22) 59,003 58,319 (8,671) (8,646) (39) (19) (8,710) (8,665) 50,293 49,654 27(a) 8 8 50,285 49,646 50,293 49,654 2016 3 15 2015 121

33. Qatar Investment Authority 2015 12 31 33.37% 21.00% 19.90% 34. 25 28 (a) (b) 3(g)(ii) 2015 12 31 16 122

35. 2015 12 31 2015 12 31 2012-2014 1 1638 15 9 2016 1 1 2016 1 1 2016 1 1 2018 1 1 2018 1 1 2015 123

125 132 2015 12 31 405 2015 12 31 10 8 2016 3 15 124

2015 12 31 2015 2014 4 5 129 132 2015 125

2015 12 31 2015 2014 7 1 1 1 1 8 1 1 1 1 2016 3 15 129 132 126

2015 12 31 2014 1 1 1 1 2014 2014 12 31 2015 1 1 1 1 2015 2015 12 31 1 1 129 132 2015 127

2015 12 31 2015 2014 1 1 12 31 129 132 128

1. 2013 9 25 OTC Markets Group Inc. 44 2014 1 1 2. (a) 3 (b) 2015 129

2. (b) 100% 86 13 (c) (d) (i) (a) (b) (c) (ii) (a) (b) (c) (d) (e) (f) (g) (h) 2(d)(i) 2(d)(i)(a) 130

3. 4. 55,0002014 52,000 503,448 2014404,328 2014 5. 6. 7. 8. 2015 2014 1 1 12 31 1 1 1 1 2015 131

9. 10. 2015 12 31Sure Grade Limited 11. 12. 13. 2015 12 31 2015 12 31 132

2015 2014 11,210 10,504 5,288 5,027 (1,025) (938) 4,263 4,089 (750) (709) 3,513 3,380 78 (179) 3,591 3,201 2015 2014 70,993 71,467 33,623 33,623 900 1,023 2,070 2,840 107,586 108,953 (58,359) (59,469) (215) (293) 49,012 49,191 8 8 49,004 49,183 49,012 49,191 1. 2014 1 29Treasure Business Limited 2015 133

10 2009 1 15 9.99% 11% 2015 2,4002014 2,500 8% 12 31 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 11,165 11,165 10,176 10,364 10,140 10,338 10,331 12,704 12,452 12,326 1,861 2,994 3,510 3,867 3,755 2,794 2,329 1,802 413 15 74 63 67 74 100 62 63 36 455 42 13,100 14,222 13,753 14,305 13,995 13,194 12,723 14,542 13,320 12,383 (3,697) (4,818) (5,271) (5,673) (5,538) (4,570) (4,104) (3,597) (2,167) (1,780) (1,277) (1,143) (995) (1,040) (1,040) (1,097) (1,158) (1,283) (1,260) (1,155) (838) (789) (285) (264) (248) (112) (91) (166) (369) (186) (2,054) (1,988) (1,982) (1,919) (1,836) (1,793) (1,623) (1,516) (2,025) (1,892) 5,234 5,484 5,220 5,409 5,333 5,622 5,747 7,980 7,499 7,370 (1,140) (1,009) (988) (856) (794) (930) (1,025) (1,218) (1,331) (1,453) 4,094 4,475 4,232 4,553 4,539 4,692 4,722 6,762 6,168 5,917 729 690 288 271 239 118 103 154 307 285 1 9 9 4,823 5,165 4,520 4,824 4,778 4,810 4,825 6,917 6,484 6,211 84 (249) 389 72 46 (58) (174) (297) (14) 487 4,907 4,916 4,909 4,896 4,824 4,752 4,651 6,620 6,470 6,698 (487) (729) (690) (288) (271) (239) (118) (103) (154) (307) (285) (1) (9) (9) (5) (10) (1) (1) (1) (1) (1) (13) (1) 4,172 4,216 4,620 4,624 4,584 4,633 4,548 6,452 6,153 5,917 134

12 31 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 49,482 49,198 49,137 49,345 48,848 47,976 47,523 46,550 46,123 46,565 580 668 615 216 271 796 456 1,033 539 314 352 241 646 433 21 31 29 8 1 50,376 50,218 49,993 50,207 49,552 48,793 48,010 46,579 47,164 47,105 525 572 592 763 780 433 629 375 255 204 357 361 356 351 335 314 301 283 281 278 1,155 1,129 1,104 1,183 1,078 1,118 1,035 1,104 1,071 1,056 1 820 1,035 569 551 998 336 566 6,155 4,629 1,060 8 24 9 92 11 4 21 8,192 6,691 3,113 3,125 3,252 2,443 2,608 2,771 1,947 2,125 (900) (520) (503) (5,317) (617) (52) (1,687) (1,405) (3,735) (2,283) (631) (5,519) (4,740) (2,081) (2,305) (2,565) (1,577) (1,487) (1,009) (860) (898) (360) (219) (340) (330) (218) (157) (236) (187) (410) (540) (9,062) (6,110) (2,924) (7,952) (3,400) (1,786) (1,723) (2,883) (2,675) (5,173) (870) 581 189 (4,827) (148) 657 885 (112) (728) (3,048) 49,506 50,799 50,182 45,380 49,404 49,450 48,895 46,467 46,436 44,057 (37,646) (38,703) (29,574) (21,893) (26,691) (25,727) (24,909) (10,037) (9,796) (9,845) (168) (63) (10) (132) (15) (14) (7) (1) (2,001) (1,937) (1,900) (1,839) (1,801) (1,747) (1,676) (1,634) (1,585) (1,537) (5,698) (5,927) (5,955) (5,912) (5,883) (5,763) (5,622) (5,479) (5,426) (5,432) (587) (499) (443) (821) (827) (587) (722) (1,267) (423) (307) (46,100) (47,129) (37,872) (30,465) (35,212) (33,956) (32,944) (18,431) (17,237) (17,122) 1 (204) (288) (36) (425) (497) (543) (485) (311) (14) 2 (1) (3) (2) (1) (4) (14) (14) (1) 3 (10) (5) 3,191 3,377 12,271 14,488 13,694 14,947 15,452 27,711 29,184 26,935 2,411 2,411 2,411 2,411 2,411 2,411 2,411 2,411 2,411 2,411 921 1,002 1,000 4 6 22 6 4 (141) (36) 15 3 (4) 8 (6) (22) (6) (4) 3,229 2,438 3,683 4,196 3,455 4,928 4,878 3,191 3,377 3,426 5,643 4,849 6,102 6,607 5,866 7,339 7,289 8,845 8,845 8,845 8,845 8,845 21,845 21,845 19,646 3,191 3,377 12,271 14,488 13,694 14,947 15,452 27,711 29,184 26,935 1. 2. 2013 2013 3. 20132014 6 2015 135

2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 8,012 8,015 8,011 8,164 8,081 8,124 8,084 8,082 8,109 7,984 2,541 2,610 2,437 2,541 2,482 2,472 2,495 2,416 2,394 2,372 326 330 325 331 334 337 342 367 388 417 10,879 10,955 10,773 11,036 10,897 10,933 10,921 10,865 10,891 10,773 (0.7) 1.7 (2.4) 1.3 (0.3) 0.1 0.5 (0.2) 1.1 0.2 102.6 101.9 94.4 93.9 93.0 94.5 94.5 116.9 114.3 114.4 32.3 33.1 40.2 37.0 30.2 25.4 25.4 10.5 5.9 4.9 (1.9) 1 (0.1) (0.1) 134.9 135.0 134.6 130.9 123.1 119.8 119.9 127.4 120.2 117.4 572 570 569 567 567 566 564 563 561 559 555 555 555 555 555 555 555 555 920 920 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 680 680 680 680 680 680 680 680 335 335 2 2 2 2 2 1 1 1 1 1 1 3,737 3,737 3,737 3,737 3,736 3,736 3,736 3,736 3,756 3,756 2,427 2,460 2,453 2,494 2,498 2,510 2,537 2,589 2,552 2,597 (1.3) 0.3 (1.6) (0.2) (0.5) (1.1) (2.0) 1.4 (1.7) 1.2 57.3 56.9 56.1 56.6 55.9 55.8 55.4 53.9 54.8 53.6 36.2 36.1 36.3 36.0 36.2 36.2 36.2 35.8 36.4 35.5 85.5 88.4 85.7 84.6 84.4 85.6 83.4 85.5 83.8 86.3 24 24 24 25 25 25 24 24 23 23 27 27 27 27 27 27 26 26 26 26 3,818 3,793 3,776 3,755 3,741 3,710 3,667 3,648 3,632 3,617 1,801 1,814 1,826 1,820 1,848 1,851 1,862 1,841 1,857 1,907 2,516 2,252 1,973 2,613 2,887 2,427 2,751 2,084 1,747 2,307 1. 20112011 12011 5 2. 20052010 2013 3 136

(HK Electric Investments Manager Limited) (HK Electric Investments Limited) Fahad Hamad A H AL-MOHANNADI Deven Arvind KARNIK www.hkei.hk Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 44 2843 3111 2810 0506 mail@hkei.hk 183 17 1712 1716 www.computershare.com hkinfo@computershare.com.hk Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 183 17 1712 1716 www.computershare.com hkinfo@computershare.com.hk (Level 1 Programme) Deutsche Bank Trust Company Americas 60 Wall Street, New York, NY 10005 www.adr.db.com adr@db.com mail@hkei.hk 2843 3111 2810 0506 915 44 44 2015 137

19.92 20.12 2015 7 14 2016 3 15 2016 3 31 2016 4 1 2016 4 7 2015 8 14 2016 4 13 2016 5 92016 5 12 2016 5 12 2015 12 31 500 574.35 10:1 2638 CUSIP 2638 HK 2638.HK HKVTY 40422B101 138

1 1038 (HK Electric Investments Limited)2013 9 23 (The Hongkong Electric Company, Limited)1889 1 24 HKEI HKEI 2014 1 29 2015 139

6 (a) (b) (c) (HK Electric Investments) 2014 1 1 (HK Electric Investments Manager Limited) 2013 9 25 140

183 17M www.hkei.hk 44 mail@hkei.hk

港燈電力投資 - 2015年年報