1
2014 12 31 2014 2013 2 8,257 7,758 (4,737) (4,522) 3,520 3,236 4 (110) 438 4 198 176 (1,017) (860) 2,591 2,990 5 164 55 5 (1,023) (1,073) 5 (859) (1,018) 4,105 3,266 332 543 4,437 3,809 6,169 5,781 6 (1,151) (842) 7 5,018 4,939 4,526 4,213 492 726 5,018 4,939 8 1,971 1,945 9 159.41 166.89 159.28 166.59 2
2014 12 31 2014 2013 5,018 4,939 (1,066) 1,350 1,371 6 180 (197) 96 51 (29) 13 552 1,223 5,570 6,162 5,272 5,224 298 938 5,570 6,162 3
2014 12 31 2014 2013 3,167 3,318 5,650 5,274 19,982 19,034 1,757 1,839 7,938 7,967 37,731 36,213 6,408 5,729 4,215 2,523 1,645 1,371 58 121 88,551 83,389 108 94 580 558 10 3,693 1,627 3 1 9,501 3,205 13,885 5,485 317 13,885 5,802 102,436 89,191 4
2014 2013 17,918 253 15,280 32,821 46,956 8 1,411 1,390 67,430 48,599 7,716 7,827 75,146 56,426 1,065 10,013 12,231 14,528 1,421 1,523 2,208 1,949 16,925 28,013 11 3,094 2,126 1,318 78 5,357 2,339 596 209 10,365 4,752 27,290 32,765 102,436 89,191 3,520 1,050 92,071 84,439 5
1 HKFRS HKFRS HKFRS HKFRS HKFRS 10 HKFRS 12 HKAS 27 HKAS 19 HKAS 32 HKAS 36 HKAS 39 21 HKFRS 2 2014 2013 7,466 7,016 747 702 44 40 8,257 7,758 6
3 (i) (a) (b) (ii) (iii) (iv) 7
2014 2013 12 31 90% 2014 2013 12 31 10% 2014 12 31 2014 2013 67,894 65,509 16,384 15,236 84,278 80,745 8
2014 12 31 6,263 215 687 301 7,466 747 44 8,257 208 861 8,815 1,241 11,125 134 22,396 2,964 36,619 8 18 367 2,136 2,529 9 2,538 6,479 1,094 9,182 2,823 1,542 21,120 890 22,396 3,008 47,414 2013 12 31 6,131 190 653 42 7,016 702 40 7,758 192 838 8,633 1,117 10,780 161 18,484 2,798 32,223 3 15 346 1,873 2,237 2,237 6,326 1,043 8,979 2,526 1,159 20,033 863 18,484 2,838 42,218 9
2014 12 31 2,549 34 65 234 (81) 2,801 (70) 63 (203) (140) 2,591 61 184 2,154 660 3,059 35 797 214 214 4,105 118 220 338 (6) 332 2,610 218 2,337 454 579 6,198 (41) 797 277 (203) 74 7,028 (82) (58) (51) (191) (25) (643) (643) (859) (506) (6) (477) (41) (15) (1,045) (48) (36) (16) (6) (22) (1,151) 2,022 212 1,860 355 513 4,962 (114) 761 261 (852) (591) 5,018 (589) (40) (3) (632) 140 (492) 1,433 212 1.860 315 510 4,330 26 761 261 (852) (591) 4,526 878 9 146 92 1,125 129 7 7 1,261 470 39 395 2,472 3,376 267 1 1 3,644 10
2013 12 31 2,553 23 74 178 (155) 2,673 329 (10) 111 (113) (2) 2,990 56 215 1,655 395 2,321 54 702 189 189 3,266 112 431 543 543 2,609 238 1,841 609 240 5,537 383 692 300 (113) 187 6,799 (92) (44) (11) (147) (29) (842) (842) (1,018) (491) (4) (157) (54) (13) (719) (73) (32) (19) 1 (18) (842) 2,026 234 1,684 511 216 4,671 281 660 281 (954) (673) 4,939 (672) (38) (24) (734) 8 (726) 1,354 234 1,684 473 192 3,937 289 660 281 (954) (673) 4,213 919 9 117 31 1,076 141 1 6 7 1,224 741 29 314 2,366 3,450 468 1 1 3,919 11
2014 12 31 24,138 234 4,297 4,429 11,010 44,108 4,472 1,843 7,813 9,656 58,236 1,439 1,598 17,316 6,088 26,441 378 7,679 3,233 3,233 37,731 3 6 927 5,471 6,407 1 6,408 25,580 1,838 22,540 9,900 17,098 76,956 4,851 7,679 5,076 7,813 12,889 102,375 3 58 102,436 (3,840) (42) (1,789) (6,931) (12,602) (1,160) (8) (10,716) (10,724) (24,486) (596) (2,208) (27,290) 12
2013 12 31 25,087 198 1,810 3,702 8,943 39,740 4,512 1,749 809 2,558 46,810 1,369 1,635 15,850 6,545 25,399 454 7,181 3,179 3,179 36,213 3 6 901 4,819 5,729 5,729 26,459 1,839 18,561 8,521 15,488 70,868 4,966 7,181 4,928 809 5,737 88,752 59 59 258 317 26,459 1,839 18,561 8,580 15,488 70,927 5,224 7,181 4,928 809 5,737 89,069 1 121 89,191 (4,793) (37) (1,594) (4,210) (10,634) (992) (7) (18,974) (18,981) (30,607) (209) (1,949) (32,765) 13
4 2014 2013 22 68 22 189 59 23 3 158 (216) (110) 438 62 63 24 22 29 29 83 62 198 176 14
5 2014 2013 156 44 8 11 164 55 (132) (223) (164) (39) (325) (393) (200) (199) (95) (56) (15) (9) (254) (286) (13) (39) (1,198) (1,244) 175 171 (1,023) (1,073) (859) (1,018) 4.36% 2013 4.81% 15
6 16.5% 2013 16.5% 25% 50% 2008 1 1 2008 10% 25% 5% 2014 2013 5 7 455 465 1 470 182 16 16 204 172 1,151 842 16
7 2014 2013 49 18 1,492 1,329 1,063 1,017 198 207 19 16 216 239 106 105 8 2014 2013 22 2013 22 560 555 55 2013 55 1,411 1,390 1,971 1,945 2015 3 31 55 2014 2015 3 31 2,564,503,798 2013 2,527,004,412 17
9 2014 2013 4,526 4,213 (a) 2,839,277,888 2,524,195,286 159.41 166.89 4,526 4,213 (a) 2,839,277,888 2,524,195,286 (b) 2,281,467 4,621,058 2,841,559,355 2,528,816,344 159.28 166.59 (a) (i) (ii) 18
(b) 10 10.31 2013 8.95 90 2013 90 2014 2013 433 287 1-90 481 508 91-180 102 78 181-365 12 16 365 3 6 1,031 895 11 2.69 2013 3.34 2014 2013 110 155 1-90 72 102 91-180 31 6 181-365 8 8 365 48 63 269 334 19
2015 7 10 2015 6 4 2014 12 31 55 14.11 2013 55 2015 5 27 2015 6 8 2015 7 10 2015 5 20 2015 5 27 20
2014 IMF 2015 1 20 2014 3.3% 2013 1.8% 2013 0.5 4.4% 0.3 3.1% 2013 0.3 2014 7.4% 43,030 3.4% 4.2 23,427 6.0% 1.9 19,603 0.5% 6.8 21
2014 2.01 TEU 6.3% 0.4 2014 8,084 TEU 13.4% 5.0% 3.63 4.1% 151 TEU 25.4% 12 9.9% 2014 696.68 21.4% 24.78 13.6% 2014 12 31 45.26 7.4% 1 45.99 14.7% EBITDA 2 108.15 10.3% EBITDA EBITDA 79.5% 1 2014 2013 2 EBITDA 22
2014 8,084 TEU 13.4% 5,956 TEU 5.0% 722 TEU 2.1% 2013 Port de Djibouti S.A.PDSA Terminal Link SASTerminal Link Colombo International Container Terminals Limited CICT 1,406 TEU 87.1% 3.63 4.1% 3.59 4.0% PDSA 427 12.0% 2014 1,103 TEU 3.2% 40% 4.5% 122 TEU 2.3% 2,399 30.7% 2014 964 58.3% 2014 41 TEU 27.8% 1,067 10.6% 23
3,529 TEU 5.0% 1.86 8.7% 250 TEU 21.1% 598 TEU 14.4% 1,686 23.8% 2014 3 3,423 257 TEU 11.7% 58 TEU 51.4% 7,693 12.9% 589 TEU 0.3% 133 TEU 13.8% 1,406 TEU 2013 6 49% Terminal Link 1,205 TEU 92.7%;PDSA 86 TEU 16.3% Tin-Can Island Container Terminal 24
LimitedTICT 43 TEU 6.9% 2013 7 CICT 2014 69 TEU Lomé Container Terminal S.A.LCT 2014 10 2014 CICT 2013 7 2014 69 TEU CICT 50% LCT 2014 10 700 TICT 23.5% PDSA 2014 8 25
2014 CM Port 2014 2014 3.8 12 26
2014 3 2014 6 2014 7 2014 RTG RTG 2014 27
2014 10 2014 2014 2014 2014 28
2014 385 9.7% 59 22.6% 2015 1 5 7.60 51% 2014 24.78 13.6% 151 TEU 25.4% 2014 12 9.9% 29
2014 12 31 12 3 474.14 12.3% 2013 200.33 5.4% 211.20 45.26 7.4% 45.99 14.7% EBITDA 108.15 10.3% EBITDA EBITDA 79.5% EBITDA 4 51.2% 2013 48.9% 2014 3 153 50% China Merchants Union (BVI) LimitedCMU 2014 6 2013 12 31 891.91 14.9% 2014 12 31 1,024.36 152.87 45.38 5.25 PDSA LCT 2014 12 31 104.70 2014 12 31 674.30 2013 38.8% 3 4 EBITDA 30
9.4% 47.09 2014 12 31 77.81 41.96 29.17 58.10 2014 LNG LED 2014 12 31 95.01 74.7% 1.7% 21.9% 1.7% 31
47.09 36.44 2014 3 30.26 153 50% CMU 2014 6 505,400,882 152.87 2014 12 31 2,562,648,140 1,959,700 4,000 33,776,895 221,133 2014 12 31 13.9% 32
4 2015 2014 12 31 139.03 2014 12 31 2014 2013 1 972 1,703 1 2 687 244 2 5 1,508 1,777 5 3,045 1,720 6,212 5,444 2015 3,878 3,873 2018 1,541 1,537 2022 3,828 3,821 9,247 9,231 2014 636 2015 507 2017 631 633 2018 630 631 1,768 1,900 45.09 2013 25.24 33
2014 2013 1 484 78 1 2 938 2 5 1,323 1,422 1,401 1 834 1 2 637 2 5 127 961 637 2 5 8,053 5 361 292 34
2014 12 31 3,243 9,247 12,490 1,076 1,768 961 1,422 5,227 1,893 361 2,254 6,212 9,247 1,768 961 1,422 361 19,971 2013 12 31 2,509 9,231 3,877 15,617 2,142 1,900 637 1,401 6,080 793 4,176 292 5,261 5,444 9,231 1,900 8,053 637 1,401 292 26,958 35
2014 12 31 45.09 2013 25.24 3,100 2013 3,400 700 2013 700 2013 2014 12 31 6,261 192 5,390 679 14.92 25.9% 2015 IMF 2015 3.5% 2014 0.2 3.8% 2014 0.7 IMF 36
2015 IMF 2015 6.8% 2014 0.6 6% 2015 2015 37
21 38
2014 12 31 2014 2014 12 31 2014 5 23 39
2014 (www.hkexnews.hk) (www.cmhi.com.hk) 2015 3 31 40