HOPEWELL Holdings Limited Annual Report 2004 Guangzhou Dongguan Shunde Zhongshan Zhuhai Macau Shenzhen Hong Kong
OBE, JP, LLD (Hon), Dr Eng(Hon), BSc(Eng) GBS, KCMG, FICE * # ## # ## # ## * # ## + + 183 17 1712-1716 (852) 2862 8628 (852) 2529 6087 ( : 0054) 183 64 (852) 2528 4975 (852) 2861 2068 CUSIP 439555301 HOWWY 1:1 ir@hopewellholdings.com www.hopewellholdings.com
75% 733,000
1 02 03 04 08 10 14 18 22 25 26 32 33 34 37 49 50 51 52 54 55 56 58 111 15 18 22 25 26 32 33
2 2,500 2,000 2,162 1,030 1,944 2005 1,145 1,352 1,500 1,200 1,454 1,500 900 1,000 500 1,132 799 653 600 300 335 612 2002 2003 2004 2002 2003 2004 1,250 1,000 750 500 953 276 677 839 204 635 1,074 275 799 20 16 12 8 15.7 5.3 15.6 8.3 16.8 15.7 250 4 2002 2003 2004 2002 2003 2004 6 5.3 10% 9.8% 5 8% 4 3 2.7 6% 4.5% 2 1.6 4% 2.4% 1 2% 2002 2003 2004 2002 2003 2004
3 2000 2001 2002 2003 2004 1,572 1,750 1,132 799 653 193 336 363 833 1,815 (21) (27) (18) (122) (50) 172 309 345 711 1,765 (6) (3) (10) (99) (311) 166 306 335 612 1,454 2000 2001 2002 2003 2004 6,358 6,385 5,986 5,655 5,891 1,154 1,119 1,119 1,493 552 935 662 833 1,018 908 15,237 14,120 8,135 8,207 8,174 101 87 1,833 1,681 95 957 946 1,181 575 898 2,067 875 4,038 1,241 4,670 26,809 24,194 23,125 19,870 21,188 (9,628) (8,045) (4,436) (3,921) (1,230) (3,484) (2,205) (4,914) (2,171) (2,673) (13,112) (10,250) (9,350) (6,092) (3,903) (10) (13) (21) (125) (2,419) 13,687 13,931 13,754 13,653 14,866 2000 2001 2002 2003 2004 19.0 34.9 38.2 69.8 165.4 11.0 12.0 13.0 # 25.0 40.0 # 15.6 15.9 15.7 15.6 16.8 2000 2001 2002 2003 2004 75% 56% 21% 14% 42% 35% 14% 11% 1.2% 2.2% 2.4% 4.5% 9.8%
4 14.54 6.12138% GBS, KCMG, FICE 14.546.12138% Tanjung Jati BTJB 1.650.7 136% 3010 3070
5 CEPA 8.7% 6.9% 7.99 6.35 I 2.17 1.73 0.19 0.76 30 75% TJB 9.4 2C Mega Tower
6 30 TJB 9.4 30 12 12 28.8 1.94 9 7 / 8 % 29 4 CEPA 9+2 9
7 IIIIIMega Tower 105 4.38 5.83 2.4 GBS, KCMG, FICE
8 1. GBS, KCMG, FICE 2. 3. 4. 5. 6. 7. Colin Henry WEIR 8. 9. 10. 1 2 3 4
5 6 7 8 9 10 9
10 GBS, KCMG, FICE 68 University of Strathclyde
11 2004 2003 2004 Asian Freight & Supply Chain Awards Personality of the Year 2003 2003 1997 Independent Energy Industry All-Star 1996 George Washington University 1996 1994 International Road Federation 1994 1991 1991 Chevalier De L'Ordre De La Corona 1985 71 52 B C 32
12 57 Wharton Graduate Business School 53 58 Hopewell (Thailand) Limited 59 Hopewell (Thailand) Limited 38 35
13 76 55 44 47 Purdue Video Channel Productions Limited 66 57 Mellon Bank
14 2.91 3.28 45%
15
16 91% 240 180 120 60 234 75 37 122 217 113 61 43 173 100 46 27 100 75 50 25 67% 93% 64% 92% 62% 91% 2002 2003 2004 2002 2003 2004
17 64% 62%
18
19 Mega Tower 14,000 95% 733,000 14 50% 176,000 2 5 680 2
20 Mega Tower Mega Tower 16 17 95% 733,000 2 140 16 4.5
21 176,000 4,000 4,000 50% 2C 5 10 680800
22 80 76 80 60 39 60 40 20 27 11 16 19 12 7 37 40 20 74% 65% 80% 2002 2003 2004 2002 2003 2004
23 65% 80% 14% 249
24 20 20% R66
25 Tanjung Jati BTJB TJB 23.88 16.6 9.4 7.2 Grand Hotel Excelsior Grand Hotel Excelsior 8,000
26 30 4.84 75% 22% 20% 27% I
27
28 122.8 1 1050% 11 2048% 21 3045% 122.8 3,000 2,250 1,500 750 1,892 2,109 2,526 2002 2003 2004 2.7 22% 155,394 188,768 20% 578 690 200,000 150,000 100,000 50,000 8,000 6,000 4,000 2,000 123,191 5,184 155,394 5,779 6,901 188,768 2002 2003 2004 2002 2003 2004
29 38 1 1045% 11 2037.5% 21 3032.5% 38 47,51622% 2.74 27% I 40 10 300 225 150 75 60,000 45,000 30,000 15,000 178 32,757 215 38,930 47,516 274 2002 2003 2004 2002 2003 2004 800 600 400 200 487 590 748 2002 2003 2004
30 14.7 I I 50% I 14.7 105 I I 12 9 6 3 10 I 40 10 11,459 2004 12,000 9,000 6,000 3,000 11,459 2004 200 150 100 50 166 2004
31 II III I II III 14.7 I I II II II 46 III III III 29 Y
32 105 102.4 40 25% 30% 105 105 105 4.38 1.78 5.83 3.14 2.4
33 1,057 www.hopewellholdings.com www.hopewellhighway.com
34 2003 2004 2003 2004 74 50 635 799 328 291 217 173 225 276 19 76 172 36 (34) (9) 2 35 799 653 839 1,074 2003 2004 839 1,074 366 975 (372) (233) (122) (51) (99) (311) 612 1,454 (i)tjb 1.35 1.29(ii)9.39 7.1 1.51 2.37 12 6.53 7.99 28.1021% 8.39 10.74 28% 14.546.12138% (i) 7.9926%(ii) 3.72 2.33 (iii)
35 Tanjung Jati BTJB 5.8 (iv) 4.84 14%5.3 2.7 1.94 12.34 29.52 12.39 10.51 19.01 15 40 28.8 25% 30 TJB 23.88 16.6 9.4 81% 19% 1.94
36 2003 2004 25% 19% 21% 54% 81% 2003 2004 13,653 14,866 1,901 18,079 17,574 11% 14% 12 40 42
37 51 3018 107 30 7025 622,000,000 219,000,000 14 33 32 33 4,495,000
38 17 18 111 112 30% 30% 10 13 10 13
39 44 352 XV A i 18 (ii) (iv) (iii) 63,494,032 21,910,000 (v) 111,250,000 (vi) 30,680,000 8,000,000 235,334,032 (x) 26.62% 25,360,000 246,000 2,050,000 27,656,000 3.13% 24,450,000 820,000 2,400,000 27,670,000 3.13% 2,000,000 1,000,000 3,000,000 0.34% 7,695,322 7,695,322 0.87% 100,000 1,000,000 1,100,000 0.12% 2,645,650 2,645,650 0.30% 21,910,000 113,554,032 (vii) 61,190,000 (viii) 30,680,000 8,000,000 (ix) 235,334,032 (x) 26.62% 1,308,981 1,308,981 0.15% 8,537 8,537 0.00%
40 i ii iii 30,680,000 iv v 21,910,000 vi 111,250,000viii61,190,000 vii 113,554,032 50,060,000 viii 61,190,000 50% ix x B a (i) 18 (ii) 300,000 (iii) 6,249,403 2,191,000 (iii) 11,124,999 (iv) 3,068,000 (v) 22,933,402 (x) 0.80% 1,936,000 24,600 205,000 2,165,600 0.08% 100,000 (vi) 2,435,000 82,000 2,617,000 0.09% 279,530 279,530 0.01% 10,000 10,000 0.00% 264,565 264,565 0.01% 300,000 (vii) 2,191,000 11,255,403 (viii) 6,118,999 (ix) 3,068,000 (v) 22,933,402 (x) 0.80% 130,898 130,898 0.00% 853 853 0.00% i 4.18 ii iii 300,0002,191,000 vii iv 11,124,999 ix 6,118,999 v 3,068,000 vi 100,000 vii 300,000 iii viii 11,255,403 5,006,000 ix 6,118,99950% x
41 b 100% 600,000 50% c 4,850,0009 7 / 8 % 352 14,200,000 i a
42 10% 1% 281 a b c b 09/09/2003 9.55 8,000,000 8,000,000 09/03/2004 9.40 09/09/2008 09/09/2003 9.55 6,000,000 6,000,000 09/03/2004 9.40 09/09/2008 03/04/2002 6.15 2,500,000 100,000 2,400,000 03/10/2002 02/10/2005 28/03/2002 6.15 3,000,000 2,000,000 1,000,000 28/09/2002 27/09/2005 01/04/2002 6.15 1,000,000 1,000,000 1/10/2002 30/09/2005 02/04/2002 6.15 1,800,000 1,800,000 2/10/2002 01/10/2005 8,300,000 14,000,000 8,100,000 14,200,000
43 14.40 9.55 6.8 3.37% 35.8% 4.2 40 ii
44 10% 1% 87,748,212 9.80% 14 1 a b c i ii iii iv v vi
45 10% 1% 288,000,000 9.998% 28 1 a b c 18 1,057
46 5% 20,0006,841,000 336 (i) (ii) The Capital Group Companies, Inc. 43,898,000 4.97% i ii 336 5.01% 43,898,0004.97%
47 5% 336 14 14 25% Hopewell (Huadu) Estate Investment Company Limited 2
48 13 22,064 2,438 1,409 153 (134) 2,457 7,184 2,052 10,561 17,745 1,862 380 22,064 3,841 * 47 GBS, KCMG, FICE
49 50 51 52 54 55 56 58
50 51 110 141
51 2003 2004 4 799,177 653,337 (495,759) (341,939) 303,418 311,398 6 121,326 138,208 (23,812) (21,742) (161,957) (177,139) 7 (110,301) (115,995) 8 366,000 580,415 9 (19,442) 10 494,674 695,703 11 483,847 11 (70,000) 12 (372,187) (233,637) 687,974 900,133 21,980 39,372 832,441 1,815,418 13 (121,806) (50,811) 710,635 1,764,607 (99,119) (310,617) 611,516 1,453,990 14 218,996 622,534 15 0.70 1.65 1.64
52 2003 2004 17 5,655,400 5,890,800 18 1,492,652 552,448 20 1,018,336 907,691 21 8,207,290 8,174,395 22 77,523 19,426 23 181,637 24 39,329 731,942 25 276,052 146,780 26 1,680,843 95,266 18,629,062 16,518,748 27 8,588 8,871 3,762 3,762 24 1,046,195 28 111,876 954,607 227,127 24,984 29 45,757 12,878 30 323 26 149,390 1,587,990 694,604 1,029,933 1,241,427 4,669,220 19,870,489 21,187,968
53 2003 2004 32 2,189,955 2,210,205 33 11,463,202 12,655,302 13,653,157 14,865,507 125,101 2,418,947 34 3,692,975 1,000,000 36 17,786 11,657 42(a) 164,059 164,059 37 46,083 54,657 3,920,903 1,230,373 31 1,075,960 756,756 111,560 78,304 30 14,423 242,906 130,682 34 320,479 1,607,399 156,000 250,000 100,000 2,171,328 2,673,141 6,092,231 3,903,514 19,870,489 21,187,968
54 2003 2004 19 13,298,847 12,774,140 22 10,969 401 24 3,000 3,000 13,312,816 12,777,541 3,207 337 3,050 933 1,571 186,959 7,828 188,229 13,320,644 12,965,770 32 2,189,955 2,210,205 33 9,383,722 10,543,353 11,573,677 12,753,558 35 1,649,080 95,098 36 11,376 5,278 1,660,456 100,376 22,043 21,542 64,468 90,294 86,511 111,836 1,746,967 212,212 13,320,644 12,965,770
55 13,794,220 2 (39,736) 13,754,484 (335,049) 2,990 4,648 (327,411) 611,516 (385,432) 13,653,157 214,877 10,266 (25,380) 199,763 1,453,990 (511,580) 70,177 14,865,507
56 2003 2004 494,674 695,703 (58,409) (40,297) (95,592) (79,834) (71,259) 48,087 (962) 8,912 14,544 77,271 102,638 (366,000) (580,415) (6,146) (2,270) 7,540 1,693 3,509 19,442 66,490 106,339 1,108 (283) 11,979 31,868 (45,247) 18,704 11,604 323 (1,256) (14,423) 44,678 142,528 (2,516) (70,138) (14,117) (4,024) 116 28,161 68,366
57 2003 2004 52,253 89,971 257,360 489,556 (4,149) (20,523) (23,056) (41,234) 572 (39) 2,386 (6,129) (268,804) (151,780) 553,387 187,470 () (19,748) 18,055 281,339 413 (2,091,378) 243,828 (70,000) (127,164) (94,538) 1,389,028 13,045 3,105 (363,089) 143,400 464,282 32,540 38 7,572 3,349,629 149,160 2,244 4,533,576 (84,612) (387,921) (166,653) (8,621) (24,055) (385,432) (511,580) (250) (88,670) (231,960) 5,764 2,561 70,177 2,889,211 363,558 1,100,000 (516,704) (2,685,115) (42,499) (2,902,341) (148,745) (4,023,191) 353,916 538,546 337,670 145,149 694,604 10,909 (2,341) 694,604 1,029,933
58 1. 2. 12 1212 12 12 39,736,00046,083,000 8,574,000 6,347,000 3.
59 3.
60 3.
61 3. 20 50 3 10
62 3.
63 3.
64 3.
65 3. 4. 2003 2004 74,277 50,370 328,287 291,385 115,481 151,899 109,449 124,089 171,683 35,594 799,177 653,337 40,000,000 58,000,000 5.
66 5. 2003 2004 74,277 74,277 50,370 50,370 328,287 21,435 349,722 291,385 21,864 313,249 115,481 223 115,704 151,899 264 152,163 109,449 1,042 110,491 124,089 545 124,634 171,683 4,694 176,377 35,594 3,365 38,959 (27,394) (27,394) (26,038) (26,038) 799,177 799,177 653,337 653,337 2003 2004 (25,579) 661,334 635,755 (92,235) 891,660 799,425 205,548 6,861 4,205 216,614 169,640 (317) 3,235 172,558 (2,523) 19,779 17,256 (28,702) 8,618 (20,084) 7,255 13,623 20,878 38,841 172 35,512 74,525 16,388 16,388 (1,966) (1,966) 1,052 1,052 (33,886) (6) (33,892) (8,673) (8,673) (26,263) 4,158 (22,105) 368 625 993 122,586 687,974 21,980 832,540 96,679 900,133 39,372 1,036,184
67 5. 2003 2004 122,586 96,679 366,000 580,415 (11,386) 488,586 665,708 97,531 105,920 (91,443) (75,925) 494,674 695,703 483,847 (70,000) (372,187) (233,637) 687,974 900,133 21,980 39,372 832,441 1,815,418 (121,806) (50,811) 710,635 1,764,607 (99,119) (310,617) 611,516 1,453,990
68 5. 7,459 7,806,298 7,813,757 38,156 38,156 5,925,151 15,201 5,940,352 119,341 119,341 909,590 377,176 1,286,766 28,250 28,250 507,868 3,799 511,667 23,407 23,407 21,195 21,195 11,938 11,938 47,440 4,225 51,665 116,359 116,359 97,786 97,786 386,124 386,124 7,516,489 8,187,273 19,426 15,723,188 723,575 723,575 1,778,137 1,587,990 1,473,844 2,098,653 1,706,095 21,187,968 3,903,514
69 5. 185,238 7,801,489 10,566 7,997,293 30,906 30,906 5,685,649 22,188 5,707,837 108,527 108,527 862,055 443,494 1,305,549 49,132 49,132 657,395 3,628 37,433 698,456 29,953 29,953 18,344 18,344 8,985 8,985 65,526 7,336 72,862 137,245 137,245 1,209,733 1,209,733 726,413 726,413 8,683,940 8,248,611 77,523 17,010,074 1,091,161 1,091,161 39,329 1,736,973 1,467,267 1,084,113 3,533,803 19,870,489 6,092,231 98,000,000 1,209,000,000 382,000,000722,000,000 18,514,827,00017,699,161,000 1,996,079,000 929,901,000
70 5. 2003 2004 159 77,415 37 102,785 10,358 2,634 208 41,298 5,225 1,822 115 347 358 11,483 1,701 120 16,096 4,901 151 1,052 1,443 160 1,152 1,469 117 944 834 555 743 2003 2004 719,518 591,912 79,659 61,425 799,177 653,337
71 5. 2003 2004 2003 2004 6,881,870 7,157,344 25,382 61,410 402,658 232,081 1,823 347 1,116,189 2,249 159,613 123,610 124,815 8,683,940 7,516,489 27,205 61,757 11,186,549 13,671,479 19,870,489 21,187,968 27,205 61,757 6. 2003 2004 72,300 70,905 23,292 8,929 48,087,000 23,172 2,517 962
72 7. 2003 2004 77,271 102,638 20,288 4,495 7,540 1,693 3,509 4,862 4,000 8. 110,301 115,995 2003 2004 Tanjung Jati B 580,415 366,000 366,000 580,415 306,200,000 Tanjung Jati B 39 221,000,000 9. 2003 2004 24,444 11,386 (16,388) 19,442
73 10. 2003 2004 4,497 4,531 8,912 14,544 1,025 894 199,045 207,124 111,282,000 118,153,000 (202,484) (171,726) 11. 4.18720,000,000 3,009,600,000 100%75%483,800,000 5% 70,000,000
74 12. 2003 2004 87,651 20,531 186,498 145,227 39,410 37,847 313,559 203,605 (6,000) 307,559 203,605 19,790 6,199 8,621 23,833 36,217 64,628 30,032 372,187 233,637
75 13. 2003 2004 18,704 8,987 30,000 (16,612) 48,704 (7,625) 792 2,106 49,496 (5,519) 37 2,621 8,574 3,726 6,347 8,574 55,843 3,055 8,734 49,000 38,255 57,734 38,255 810 515 7,419 8,986 8,229 9,501 121,806 50,811 17.5% 17.5% 37
76 13. 2003 2004 832,441 1,815,418 17.5% 145,677 317,698 73,683 88,113 (14,358) (117,220) 30,000 (16,612) 17,024 5,359 (2,925) (16,887) (64,050) (101,573) (58,279) (116,657) 3,726 (91) (110) (8,601) 8,700 121,806 50,811
77 14. 2003 2004 107 61,319 88,408 30 265,225 270 3018 157,677 268,631 218,996 622,534 30
78 15. 2003 2004 611,516 1,453,990 32 (2,046) 611,516 1,451,944 875,982,121 879,187,585 5,667,337 875,982,121 884,854,922 2 0.71 12 (0.01) 0.70
79 16. (a) 2003 2004 488 957 13,958 22,125 400 1,000 68 93 14,914 24,175 2003 2004 1,000,000 8 8 1,000,001 1,500,000 3 2 1,500,001 2,000,000 4 1 2,000,001 2,500,000 1 2,500,001 3,000,000 1 3,000,001 3,500,000 1 2 3,500,001 4,000,000 1 4,500,001 5,000,000 1 99,000129,000
80 16. (b) 2003 2004 190 649 9,609 15,285 400 1,000 48 46 10,247 16,980 2003 2004 1,500,001 2,000,000 4 2,000,001 2,500,000 2,500,001 3,000,000 1 3,000,001 3,500,000 1 2 3,500,001 4,000,000 1 4,500,001 5,000,000 1
81 17. 2003 2004 5,986,300 5,655,400 4,149 20,523 (335,049) 214,877 5,655,400 5,890,800 2003 2004 2,821,000 2,980,000 2,834,400 2,910,800 5,655,400 5,890,800 214,877,000355,049,00033
82 18. 8 474,872 28,501 2,303,407 277,826 3,084,606 511 40,723 41,234 (2,303,407) (25,678) (2,329,085) 474,872 29,012 292,871 796,755 8,530 1,337,348 246,076 1,591,954 474 14,070 14,544 (1,337,348) (24,843) (1,362,191) 9,004 235,303 244,307 474,872 20,008 57,568 552,448 474,872 19,971 966,059 31,750 1,492,652 19. 2003 2004 14,789 26,252 3,245 3,245 18,034 29,497 13,280,813 12,744,643 13,298,847 12,774,140 45
83 20. 2003 2004 1,122,491 1,308,336 185,845 71,994 (448,195) 1,308,336 932,135 (290,000) (290,000) (24,444) 290,000 (290,000) (24,444) 1,018,336 907,691 55,400,00078,900,000
84 21. 2003 2004 5,394,755 5,526,819 974,766 970,781 1,673,355 1,652,723 (241,387) (344,025) 7,801,489 7,806,298 4,850 4,850 (23,806) (39,736) 462,450 412,062 443,494 377,176 3,628 3,799 8,248,611 8,187,273 29 (41,321) (12,878) 8,207,290 8,174,395 (a) 50%48% 45% 80%
85 21. (a) 770,000,000 733,000,000 2003 2004 2,109,310 2,525,935 218,249 283,785 1,273,295 1,671,465 636,648 835,732 2003 2004 11,358,017 11,381,192 (94,097) (135,022) (7,912,608) (7,723,741) (375,228) (203,466) (745,223) (745,223) 392,233 739,503 (1,091,590) (1,258,507) 21(b) (b) 47(a)
86 21. (c) 45% 37.5% 32.5% 893,000,000922,000,000 (d) (e) (f) 25% 105 105 30% 50% 412,000,000 462,000,000
87 22. 2003 2004 71,309 18,946 6,214 480 77,523 19,426 2003 2004 5,194 401 5,775 10,969 401 46 23. 2003 2004 BERTSa 5,313,000 5,313,000 (5,313,000) (5,313,000) b 181,637 181,637
88 23. (a) (b) BERTS HTL MOTCSRT BERTS MOTC SRT HTL 42(b) 21(b) 24. 2003 2004 2003 2004 1,757,592 119,765 88,776 3,000 3,000 (98,491) (68,231) 21,274 20,545 3,000 3,000 18,055 39,329 1,778,137 3,000 3,000 39,329 731,942 3,000 3,000 1,046,195 39,329 1,778,137 3,000 3,000
89 25. 2003 2004 80,707 139,005 240,718 233,528 4,436 325,861 372,533 (139,005) (45,373) (86,748) (4,436) 276,052 146,780 26. 2003 2004 1,736,973 1,587,990 42(b) 93,260 95,266 1,830,233 1,683,256 (149,390) (1,587,990) 1,680,843 95,266 27. 34(a) 2003 2004 8,588 8,871 75,834,00053,210,000
90 28. 15 60 2003 2004 0 30 30,778 13,574 31 60 3,245 3,446 60 4,995 18,221 365,400 6,238 179,549 45,373 357,179 21,247 17,238 111,876 954,607 29. 2003 2004 21 41,321 12,878 4,436 45,757 12,878
91 30. 2003 2004 15,687 1,419 17,106 (31,206) (14,100) 323 (14,423) (14,100) 17,000,000 21,000,000 9,000,0009,000,000 31. 2003 2004 0 30 197,754 152,677 31 60 55,896 58,822 60 114,036 146,784 25,055 16,395 683,219 382,078 1,075,960 756,756 Tanjing Jati B 300,000,000
92 32. 2003 2004 2003 2004 2.50 1,200,000 1,200,000 3,000,000 3,000,000 875,982 875,982 2,189,955 2,189,955 8,100 20,250 875,982 884,082 2,189,955 2,210,205 8,100,000 2.50 70,215,000 (a)
93 32. (a) 6.15 3,000,000 3,000,000 6.15 1,000,000 1,000,000 6.15 1,000,000 1,000,000 6.15 2,500,000 2,500,000 7,500,000 7,500,000 6.15 800,000 800,000 8,300,000 8,300,000
94 32. (a) 6.15 3,000,000 (2,000,000) 1,000,000 9.40, 11.95 15.15 6.15 1,000,000 1,000,000 6.15 1,000,000 (1,000,000) 6.15 2,500,000 (100,000) 2,400,000 11.75 9.55 14,000,000 (6,000,000) 8,000,000 15.00 7,500,000 14,000,000 (8,100,000) (1,000,000) 12,400,000 6.15 800,000 1,000,000 1,800,000 8,300,000 14,000,000 (8,100,000) 14,200,000
95 32. (a) 6 (b) 87,533,636 365,890,5984.18 48,000 2,466,392590,046 590,04686,943,590
96 33. 8,508,890 2,254,315 83,010 (504) 22,884 324,113 411,557 11,604,265 (39,736) (39,736) 8,508,890 2,254,315 83,010 (504) 22,884 324,113 371,821 11,564,529 (324,113) (324,113) (335,049) (335,049) 2,990 2,990 (2,298) 6,946 4,648 611,516 611,516 33,580 (33,580) 14 218,996 (218,996) (61,319) (61,319) 8,508,890 1,916,968 83,010 9,432 56,464 157,677 730,761 11,463,202 (157,947) (157,947) 214,877 214,877 49,965 49,965 (38) (38) 10,266 10,266 (25,380) (25,380) 1,453,990 1,453,990 (14,116) 14,116 15,073 (15,073) 14 622,534 (622,534) (353,633) (353,633) 8,558,817 2,131,845 83,010 (5,682) 57,421 268,631 1,561,260 12,655,302 6,532 57,421 535,480 599,433 916 56,464 893,580 950,960 22,975 2,695 25,670 22,975 30,624 9,641 63,240
97 33. 8,508,890 9,872 324,113 329,776 9,172,651 (324,113) (324,113) 596,503 596,503 14 218,996 (218,996) (61,319) (61,319) 8,508,890 9,872 157,677 707,283 9,383,722 (157,947) (157,947) 49,965 49,965 (38) (38) 1,621,284 1,621,284 14 622,534 (622,534) (353,633) (353,633) 8,558,817 9,872 1,706,033 10,543,353 1,706,033,000 707,283,000 268,631,000157,677,000
98 34. 2003 2004 a 1,473,822 1,474,200 (6,555) (356) 1,467,267 1,473,844 b 312,954 475,854 1,568,821 2,357,629 b 7,525 133,555 133,553 1,000,000 141,078 1,133,555 47,480 4,013,454 2,607,399 (1,473,844) (312,954) (7,525) (133,555) (320,479) (1,607,399) 3,692,975 1,000,000
99 34. (a) 2003 2004 1,474,200 1,473,822 1,473,822 1,474,200 20049.875% 5,000,0005,000,000 (b) 35. 36.
100 37. 65,294 (33,133) 7,575 39,736 65,294 (33,133) 7,575 39,736 6,295 (2,649) (1,025) 2,621 6,121 (3,106) 711 3,726 77,710 (38,888) 7,261 46,083 26,188 (18,369) 755 8,574 103,898 (57,257) 8,016 54,657 1,571,000,000 1,526,000,000 670,000,0001,551,000,000 57,000,00039,000,000 1,244,000,0001,301,000,000 670,000,0001,551,000,000
101 38. 2003 2004 158,195 4,519 248 (12,299) (133,881) 16,782 9 16,388 33,170 33,170 7,820 (248) 7,572 39. (a) (b) (c) 5,571,000,000 1,915,000,000 7,294,000,000
102 40. (a) 8,500,000,00035% 2,975,000,000 23,000,00035,000,000 (b) (c) 2x600 5,300,000,000 2003 2004 2003 2004 99,525 344,147 30,228 24,140 129,753 368,287 (d) (i) 2003 2004 235,000 20,107 11,555 20,107 246,555 300,000,000800,000,000
103 40. (d) (ii) 41. 283,000,000320,000,000 4,187,000,0003,962,000,000 2003 2004 129,823 136,421 86,221 120,943 216,044 257,364
104 42. (a) (b) (c) (d) 164,000,000 MOTC HTL MOTC HTL HTL 95,000,00093,000,000 MOTC HTLHTL MOTC MOTC 1,000 33,000,000 2003 2004 2003 2004 2,863,939 1,245,521 697,551 697,551 697,551
105 43. 20,000 6,841,0007,014,000 44. 217,000,000 9,000,000 63,000,000 45. % % Goldhill Investments 2 100 100 Limited 60,600 100 2 1 73.11 (ii) 4 1
106 45. % % 200,000 100 100 HH Finance Limited 100,000 10 100 1,000,000 1 100 2 1 74.98 (ii) 2 1 30,000 100 100 (ii) 2 1 100 2 100 100 (ii) 2 1 100 2,000,000 1 100 Hopewell 108 Limited 1,000 100 100 209,200 100 100 Hopewell 109 Limited Hopewell 110 Limited 10,000 100 100
107 45. % % 2 1 100 10,000 1 2 100 100 20,000 100 52,000 100 100 3,000,000 1 100 1,000,001 1 100 2 1 100 2 1 Yuba Company Limited 10,000 1 100 Slipform Engineering 500,000 1 100 (Macau) Limited 99,200,000 95 (iii) Anber Investments Limited 1 1 100
108 45. % % Goldvista Properties 1 1 100 Limited (i) 20,000 1 100 (i) 1 1 100 (i) (ii) 1 1 74.98 Hopewell Shunde Highway 2 1 100 105 Limited (ii) Kammer Investment 1 1 100 Limited (i) Primax Investment 1 1 100 Limited (i) Procelain Properties Ltd. (i) 1 1 100 Singway (B.V.I.) Company 1 1 100 Limited (i) Tubanan Power Limited (i) 100 1 100 Delta Roads Limited (i) 46,422 10 100 (iv) 2,880,590,046 74.98 10 Hopewell (Thailand) Limited 1,500,000,000 100 10 P.T. Hi Power Tubanan I 179,125 100 80
109 45. (i) (ii) (iii) (iv) 46. % (i) 46 (i) (ii) 20 (i) (ii)
110 47. (a) (b) (c) (d) IIII 4,900,000,00035% III 314,000,000178,000,000 34(a) 2004 48. 51 110
111 A. (%) 1 22,280 163,702* 100 5,207 78,102* 100 183 3 22,689* 100 49,073 100 5,750 71,762 9 20,742 100 9 100 125 100 80 213 3 5 22 24 7,551* 100 V1 V15 7 *
112 B. (%) Mega Tower Hotel 7,301# 172,731 100 196 206 464 100 196 206 214 224 459 100 214 224 9 19 9 19 623 100 146,174 625,879 50 2 5 2 2C 100,000 733,000 1,400,000 95 1 160,000 # 14,0007,301
Hopewell Holdings Limited 64th Floor, Hopewell Centre 183 Queen s Road East Hong Kong Tel : (852) 2528 4975 Fax : (852) 2861 2068 Web Page : www.hopewellholdings.com 183 64 (852) 2528 4975 (852) 2861 2068 www.hopewellholdings.com