2 4 6 8 10 14 26 30 32 34 36 48 166 168 178 180
659 17 63 20 618 27 700 540 61 2,892 700 710 18 2
40,000 2010 3
2009 2008ARC 2009 2020 2030 2008 20 Galaxy Awards 10,000 60 61.86% 9% 2009 2008-2009 AA 4
2010 CEI Asia Industry Awards 2010 ISO/IEC17025 2005 2009 2008 23 Mercury Awards 13.44% 2008-2009 50 8% 22% 30% 2010 One LaSalle 2010 2010 2010 5
2010 2009 12,089.0 17,250.9 4,011.7 2,528.8 3,600.9 1,955.9 37,680.9 44,278.6 26,452.1 24,259.4 26,187.0 23,175.2 2010 2009 1.92 1.23 12.14 11.71 2010 2009 15% 8% 15% 11% 13% 9% 51% 51% 6 新創建集團有限公司
6 30 3,000 2,500 2,000 1,500 1,000 500 6 30 3,000 2,500 2,000 1,500 1,000 500 0 2006 2007 2008 2009 2010 0 2006 2007 2008 2009 2010 6 30 300 6 30 500 250 400 200 150 300 100 200 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 6 30 200 150 100 50 * 6 30 50 40 30 20 10 0 0 (10) 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 * 2010 年年報 7
52.86%7.287 3.379 2010 7 0.33 50.6% 2010 3 2010 5 50 2010 4 2010 6 8
22%30% 18 50 201218 2009 4 2010 21,500 2007 2010 2010 2010 10 5 2010 9
10
63 2000 3 2001 3 2010 1 13 Cheng Yu Tung Family (Holdings) Limited Centennial Success Limited Mombasa Limited 2001 66 2000 3 2003 1 2009 10 8 2010 7 5 2010 1 13 1995 2008 64 2004 6 2009 10 15 38 2003 12 48 2003 1 2008 10 24 2010 1 13 2010 11
54 2003 10 1998 52003 1 20 36 2005 12 2003 3 66 2003 1 2008 6 1997 16.7 AIG Asian Infrastructure Fund II International Finance Corporation 25 2009 8 AEI 2009 9 BAA Airports Limited Hanaro Telecom2008 3 61 1998 5 2002 8 1975 2010 1 13 27 2009 7 1 2008 1 2009 7 1 2010 1 13 63 2002 8 2004 9 35 12
60 2003 1 PineBridge Investment Group PineBridge PineBridge Capital Partners Inc. PineBridge PineBridge PineBridge 47PineBridge PineBridge 61 2002 10 1616 2009 6 3 2010 5 26 2010 5 28 19721977 1984 1998 1992 1997 62 2003 1 DBS Group Holdings Limited 2009 10 23 Temasek Foundation CLG Limited 65 2004 9 2000 2008 10 1 2007 43 2002 2004 10 20 2010 13
2007 2010 6 30 14 14
A.1.9 A.1.1 A.1.8 A.1.10 A.2.4 A.2.6 A.2.9 A.2.8 A.3.3 A.4.3 A.5.5 A.5.7 D.1.4 53 57 2010 6 30 2010 15
13 10 13 14 16
2010 6 30 5/5 2/2 1 0/5 0/1 0/2 5/5 1/1 2/2 2/2 5/5 2/2 5/5 3/3 1/1 2/2 2/2 2 5/5 2/2 5/5 2/2 2/2 5/5 2/2 5/5 1/2 5/5 2/2 3 3 3/5 0/2 5/5 3/3 2/2 0/2 5/5 3/3 1/1 2/2 5/5 3/3 1/1 0/2 5/5 3/3 1/1 0/2 1. 2009 8 15 2. 3. 2010 17
C.3.3 2009 6 30 2010 6 30 2010 6 30 18
2010 6 30 2010 19
2010 117 119 16 20
2010 21
2010 6 30 22
2010 2010320 14 2000 2010 73 2,080 20091,990 1,980 2010 2009 19.8 18.9 3.6 3.9 23.4 22.8 2010 23
2010 6 30 24
2010 111 82 www.nws.com.hk 2010 25
6 30-6 30 50 40 30 20 10 3.0 2.5 2.0 1.5 1.0 0.5 0 2006 2007 2008 2009 2010 0 2006 2007 2008 2009 2010 6 30 2006 7 1 2010 6 30 500 400 300 200 30 25 20 15 10 100 0 2006 2007 2008 2009 2010 5 0 2010 6 2009 12 2009 6 2008 12 2008 6 2007 12 2007 6 2006 12 2006 7 2010 6 30 1,283,317,138 58.90% 0.62% 59,831,893 2.74% 0.12% 33,793,856 1.55% 1.24% 14,956,244 0.69% 94.07% 787,028,752 36.12% 3.95% 2,178,927,883 100.00% 100.00% 2010 6 30 810 26
659 1,000 28 26 2980 1333 2810 8185 50% 2006 0.24 0.20 0.44 51.3% 2007 0.25 0.30 0.55 55.1% 2008 0.55 0.40 0.95 50.8% 2009 0.20 0.42 0.62 50.7% 2010 0.62 0.33 0.95 50.6% 2010 2010 2010 2010 2010 10 5 2010 11 17 2010 11 18 2010 11 23 2010 11 23 2010 12 29 www.nws.com.hk 20102010 11 23 2010 27
28
2010 29
1 st 2010 2,00094 9,000 30
2010 7 2010 2009 2009 2010 31
2001 67,000 2,000 2009 11 6,000 2009 11 2010 27 2008 2010 32
2010 2 20 17 120300 2010 2010 3 2010 202010 3 2010 33
2007 ISO IC 1,500 300 LED 66 2009 1242010 34
8% 30 8% ISO 14001 2010 6 U Green Awards 2009 11 6,000 Facebook CS4Schools 2009 9 2010 3 2010 35
2010
2010 40.12 2009 25.29 14.8359%2010 12% 28.43 14.52 2009 15.20 4% 201037% 13.91 7.2872010 5.411 2010 3.379 2.264 6 30 2010 2009 1,451.9 1,520.1 1,391.1 1,017.0 2,843.0 2,537.1 731.2 39.4 541.1 (37.8) 337.9 338.0 213.7 176.3 5.5 (10.0) (226.4) (30.5) (4.8) 32.6 22.7 16.1 (110.9) (214.1) (15.3) (41.2) (300.3) (302.8) 1,168.7 (8.3) 4,011.7 2,528.8 201057% 200943% 35% 8%200945% 12% 2009 1.2356% 2010 1.92 38
2010 6 30 51.582009 6 30 52.05 2009 6 3036.01 2010 6 302.673 2010 6 30 16% 84% 2009 6 30 27% 73% 2010 6 30 2009 6 30 88.0648.90 2009 6 30 54.672010 6 3034.9624.45 20102010 6 30 2010 6 30 27.10 2009 6 30 19.74 2010 6 3020.97 2009 6 30 12.51 2010 6 306.130 2009 6 30 7.233 2010 6 309.828 2009 6 30 14.29 2010 6 30 2.390 2009 6 30 3.475 2010 6 301,1901.154 1.1172009 6 30 1,1902.2391.117 2009 6 302010 6 30 260 2010 6 11 a) (b) (c) (d) (e) (f) (g) (h) 8.885 3 6 30 100 80 60 40 20 0 2009 2010 2009 2010 2009 2010 2009 2010 2010 39
2010 4% 14.52 6 30 2010 2009 520.6 789.4 (34) 420.0 245.0 71 233.3 185.6 26 278.0 300.1 (7) 1,600 1,200 1,520.1 1,451.9 1,520.1 (4) 1,451.9 20105.206 2.68834% 2009 2010 2009 711 201018% 2009 15% 19% 800 400 0 2009 2010 2008 12 2010 10%2010 3 40
15% 2009 7 2010 2010 8% 2010 2009 2.450 71% 4.200 201094% 2010 12% 2010 2010 2009 4% 2010 4,770 2.333 26% 2010 41
42 2010 16% 23% 15%2009 326% 2010 20091%2009 11 2020 2030 2008 8 20102010 3 7.5% 6.72% 2009 3.001 7% 2010 2.780 2010 8% 75.3 3% 88.6 1% 190.7 2010 2010 97% 2010 2008 12010 68% 26.7 201018 2012 2009 8.7%2010 11.1% 2010 900 8.5 20103,000 1,400
22% 2010 9 2010 2009 2010 22% 2009 2010 2010 11 2011 2011 2020 2030 2010 2009 20096% 2010 22.3% 2010 40% 2011 2012 6 30 2011 2010 2010 43
2010 13.91 3.741 37% 6 30 2010 2009 825.1 612.1 35 410.1 285.7 44 155.9 119.2 31 1,391.1 1,017.0 37 20108.251 2009 35% 2009 4 1,500 1,391.1 9.152010 20101,185 1,000 500 0 1,017.0 2009 2010 480 44
2010 2010 200914% 2010 45
2010 4.101 200944% 20102.586 200940% 2010 6 30 176 2010 6 30 54 Tricor Holdings Limited Tricor 2009 32010 4.88 373,434,720 61.9%2009 12 21 9% 2010 1.515 200949% 2009 Tricor 2010 2010 78% 2010 2009 2.5%2010 7.2% 20082009 2010 5-6% 46
2009 4 50 2011 1.16 4% 2010 47
49 73 74 75 76 77 78 80 81
2010 6 30 (i) (ii) 6 2010 6 30 74 165 2010 11 232010 6 30 0.33 20090.42 2010 6 0.62 20090.20 2010 6 30 0.95 2009 0.62 2010 11 23 2010 10 29 2010 11 24 48 49 50 35 2010 49
2010 6 30 18.169200916.136 4020091,020 17 18 2009 12 8 1.00 16 2440 1.00 20 40 60 34 2010 6 30 30% 50
2009 7 1 2009 8 15 2010 8 1 2009 10 8 87 2010 6 11NWS Service Management LimitedNWSSM NWSSM (i) NWS Facility Services Limited Building Material Supplies Limited Clever Basis Limited New World Risk Management (L) Limited NWS International Insurance Limited (ii) Elite Master Holdings Limited Waihong Cleaning Limited 90% 10% 2010 51
East Asia Secretaries (BVI) East Asia Secretaries (BVI) Limited Limited AEI 52
2010 6 30352 XV (a) 2010 6 30 1.00 9,179,199 8,000,000 (1) 17,179,199 0.788% 2,006,566 9,130,000 (2) 11,136,566 0.511% 120,000 120,000 0.006% 1,400,000 1,400,000 0.064% 991,191 5,072 (3) 996,263 0.046% 980,386 980,386 0.045% 66,369 (4) 66,369 0.003% 482,248 482,248 0.022% 608,757 608,757 0.028% 824,068 824,068 0.038% 1.00 300,000 (5) 300,000 0.008% 1,000,000 (2) 1,000,000 0.026% 100,000 100,000 0.003% 62,200 62,200 0.002% 20,000 (6) 20,000 0.001% 30,000 30,000 0.001% 0.10 18,750,000 2,925,000 (5) 78,406,800 (1) 100,081,800 1.738% 13,125,000 52,258,400 (2) 65,383,400 1.136% 270,000 270,000 0.005% 75,000 (6) 1,245,000 (4) 1,320,000 0.023% 106,400 106,400 0.002% 83,600 83,600 0.001% 0.10 300,000 300,000 0.038% 1.00 420,585,070 (1) 420,585,070 34.608% 2010 53
(a) 2010 6 30 Building Material Supplies Limited 1.00 1 (7) 1 100.000% Clever Basis Limited 1.00 1 (7) 1 100.000% Elite Master Holdings Limited 1.00 1 (7) 1 100.000% New World Risk Management (L) Limited 1.00 120,000 (7) 120,000 100.000% NWS Facility Services Limited 1.00 1 (7) 1 100.000% NWS International Insurance Limited 1.00 500,000 (7) 500,000 100.000% 1.00 50,000,000 (7) 50,000,000 100.000% Waihong Cleaning Limited 1.00 1 (7) 1 100.000% (1) (2) (3) (4) (5) (6) (7) 90% 54
(b) (i) 2009 2010 7 1 6 30 (2) (2) 2007 8 21 (1) 3,001,277 25,551 3,026,828 16.055 2007 8 21 (1) 2,000,851 17,034 2,017,885 16.055 (3) 2007 8 21 (1) 2,000,851 4,401 (2,005,252) 2007 8 21 (1) 1,500,638 12,775 1,513,413 16.055 2007 8 21 (1) 1,500,638 12,775 1,513,413 16.055 2007 8 21 (1) 1,500,638 12,775 1,513,413 16.055 2007 8 21 (1) 1,500,638 12,775 1,513,413 16.055 2007 8 21 (1) 1,500,638 12,775 1,513,413 16.055 2007 8 21 (1) 300,127 2,554 302,681 16.055 2007 8 21 (1) 300,127 2,554 302,681 16.055 2007 8 21 (1) 300,127 2,554 302,681 16.055 2007 8 21 (1) 600,255 5,109 605,364 16.055 2007 8 21 (1) 600,255 5,109 605,364 16.055 2007 8 21 (1) 600,255 5,109 605,364 16.055 (1) 40% 2008 8 21 2012 8 20 60% 2009 8 21 2010 8 21 2011 8 21 2012 8 20 (2) 2009 6 30 2009 12 31 2010 1 22 16.193 16.157 2010 6 7 16.055 (3) 2009 8 15 2010 2 15 (4) 10 2010 55
(b) (ii) 2009 2010 7 1 6 30 2007 3 19 2007 3 19 36,710,652 36,710,652 17.654 2012 3 18 10 (iii) 2009 2010 7 1 6 30 (3) (3) 2008 1 7 (1) 2,000,000 238,806 2,238,806 6.228 2008 12 29 (2) 1,600,000 191,045 1,791,045 1.340 2008 1 7 (1) 800,000 95,522 895,522 6.228 2008 12 29 (2) 650,000 77,612 727,612 1.340 2008 1 7 (1) 300,000 35,821 335,821 6.228 2008 12 29 (2) 300,000 35,821 (83,600) 252,221 1.340 (1) 2008 2 8 2009 2 8 2010 2 8 2011 2 7 (2) 2009 1 302010 1 302011 1 302012 1 30 2013 1 29 (3) 2009 10 9 2009 11 16 2009 11 17 2008 1 7 6.972 6.228 2008 12 291.500 1.340 (4) 10 56
(b) (iv) 2009 2010 7 1 6 30 2007 11 27 (1) 1,000,000 1,000,000 8.660 (1) 2008 11 27 2009 11 27 2010 11 27 2011 11 27 2012 11 27 2013 11 26 20% (2) 1 (v) 2009 2010 7 1 6 30 2007 7 9 2008 7 9 330,000 330,000 3.390 2011 7 8 XVXV 352 2010 57
(a) 2001 12 62003 3 122006 11 24 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 58
(a) 72,518,283 110,755,288 5.08% 12 1% 10 10 14 2001 12 6 10 2010 59
(a) 2010 6 30 (i) (ii) 2009 2010 7 1 6 30 (2) (2) 2007 8 21 (1) 11,901,044 97,052 (596,122) 11,401,974 16.055 2008 1 28 (1) 700,295 5,958 706,253 20.417 (1) 40% 2008 8 21 2012 8 20 60% 2009 8 21 2010 8 21 2011 8 21 2012 8 20 (2) 2009 6 30 2009 12 31 2007 8 21 2010 1 22 16.193 16.157 2010 6 7 16.055 2008 1 28 2010 1 22 20.591 20.546 2010 6 7 20.417 (3) 10 (b) 2002 8 232009 12 21 52.86% 2009 12 20 60
(b) 2009 12 20 10% 10%10% 30% 2009 12 2033,884,734 4.80% 12 1% 12 0.1% 500 2010 61
(b) 10 30 1 (i) (ii) (iii) 10 2012 8 22 2009 7 12009 12 20 2009 2009 7 1 12 20 2007 12 1 (1) 26,692,988 (2,643,383) 24,049,605 5.875 (1) 2008 6 1 2016 5 31 (2) 1 62
2010 6 30 336 5% Cheng Yu Tung Family (Holdings) Limited 1,343,149,031 (1) 1,343,149,031 61.64% Centennial Success Limited 1,343,149,031 (2) 1,343,149,031 61.64% 59,831,893 1,283,317,138 (3) 1,343,149,031 61.64% 849,019,893 434,297,245 (4) 1,283,317,138 58.90% Mombasa Limited 385,471,948 385,471,948 17.69% (1) Cheng Yu Tung Family (Holdings) Limited Centennial Success LimitedCSL51% CSL (2) CSL (3) (4) Mombasa Limited Mombasa Limited Financial Concepts Investment Limited 1,986,513 Hing Loong Limited 16,672,555 Fine Reputation Incorporated 16,672,555 New World Hotels Corporation Limited 13,493,674 (5) 2010 6 30 336 25% 2010 63
(1) 2006 11 22 8 16A B C D A 9 5 2006 11 1 2016 3 31 B 9 4 2006 12 1 2016 3 31 C 9 3 2007 1 1 2016 3 31 D 8 2008 4 1 2016 3 31 14A.35(2) 2007 6 302016 6 30 800 10% 510 (2) 2007 5 18 64
(2) 2010 6 30 3.2 13,000.0 944.7 7,500.0 847.7 7,000.0 282.0 35,000.0 471.9 1,000.0 1,000.0 3,870.3 9,000.0 2010 7 1 (3) 2008 1 24(i) (ii) 56.37% 37.02% 14A.14 2010 6 30 14A.14 2010 65
(3) 2008 3 10 2008 1 24 2011 1 23 14A.45 14A.48 2010 6 30 2,098.4 6,165.2 128.2 226.4 0.9 5.5 9.1 9.2 44.0 71.8 2010 6 30 4.5 98.2 3,000.0 2009 12 21 2009 12 212010 7 1 66
(4) 2009 7 16 (a) (b) Great City Developments LimitedGCDL GCDL 39 19-28 1,900 2,160 1.97 (a) 2% (b) (a) 6% 1,867 52.5% GCDL 50% GCDL 2010 67
(4) (a) 2009 1 16 2.7% 8,100 9,200 (b) 2009 2 28 4,035 4,585 30% 50% (5) 2009 9 30 63.6% 55% 2.82 3.205 55% 55% 45% 2010 3 12 30% 25% 2010 3 12 2010 3 24 68
(6) 2010 5 7 30% 57.9% 39.9% 2010 6 8 2010 7 1 2013 6 30 (7) 2010 6 11NWSSM NWSSM NWS Facility Services Limited Building Material Supplies Limited Clever Basis Limited New World Risk Management (L) Limited NWS International Insurance Limited 4.459 10%4,459 NWSSM NWSSM Elite Master Holdings Limited Waihong Cleaning Limited 4.426 10%4,426 70%3.0982 NWSSM NWSSM4010NWSSM 40 NWSSM NWSSM 1/12% 2010 69
(7) 90% 10% 14 14A 2010 7 20 2010 7 27 5,700 (8) 30% 2010 7 27 (1) (3) (a) (b) (c) (d) (e) 70
14A.38 4400 (1) (3) (a) (b) (c) 45 13.22 2010 6 3027.36423 24 281.27343 10.821 14.07(1) 10.7% 1.04781,210 13.22 2010 6 30 41,165.9 16,628.3 10,388.3 4,074.9 (12,651.0) (5,627.6) (10,488.4) (4,565.3) 28,414.8 10,510.3 2010 6 30 2010 71
2010 6 304.0 2.1 24.68200927.43 166 167 2010 6 30 2010 10 5 72
(852) 2289 8888 (852) 2810 9888 www.pwchk.com 74165 2010 6 30 1981 90 2010 6 30 2010 10 5 2010 73
6 30 2010 2009 6 12,089.0 17,250.9 (10,111.7) (15,407.3) 1,977.3 1,843.6 7 731.2 39.4 8 358.8 569.9 (1,145.7) (1,202.1) 9 1,921.6 1,250.8 11 (114.4) (224.3) 485.0 (63.5) 2,122.0 1,780.6 4,414.2 2,743.6 12 (332.2) (162.9) 4,082.0 2,580.7 13 4,011.7 2,528.8 70.3 51.9 4,082.0 2,580.7 14 2,028.0 1,281.0 15 1.92 1.23 74
6 30 2010 2009 4,082.0 2,580.7 55.0 258.5 156.2 (248.4) (7.2) (9.4) 6.0 (8.2) (5.8) (10.0) (6.7) (210.4) 390.4 3,871.6 2,971.1 3,799.4 2,918.6 72.2 52.5 3,871.6 2,971.1 2010 75
6 30 2010 2009 17 2,060.0 1,117.7 18 321.2 719.7 19 16.6 727.7 20 911.1 977.3 21 580.2 1,046.8 23 4,505.4 3,162.8 24 15,962.1 15,152.7 25 1,508.8 600.5 26 1,069.2 601.7 26,934.6 24,106.9 27 213.0 250.2 28 3,510.2 10,725.4 29 35.5 63.3 30 3,661.9 31 5,157.6 5,205.1 8,916.3 19,905.9 32 1,830.0 265.8 10,746.3 20,171.7 37,680.9 44,278.6 34 2,178.9 2,071.3 35 23,289.1 20,234.0 35 719.0 869.9 26,187.0 23,175.2 265.1 1,084.2 26,452.1 24,259.4 36 3,496.4 5,466.5 37 315.3 319.7 3,811.7 5,786.2 38 4,473.9 10,671.7 254.9 221.8 36 1,393.9 3,339.5 6,122.7 14,233.0 32 1,294.4 7,417.1 14,233.0 11,228.8 20,019.2 37,680.9 44,278.6 3,329.2 5,938.7 30,263.8 30,045.6 76
6 30 2010 2009 18 4.2 5.3 22 7,893.3 7,893.3 7,897.5 7,898.6 28 11,153.2 11,513.4 31 1,257.4 1,116.1 12,410.6 12,629.5 20,308.1 20,528.1 34 2,178.9 2,071.3 35 13,176.5 11,558.3 35 719.0 869.9 16,074.4 14,499.5 38 4,233.7 6,028.6 4,233.7 6,028.6 20,308.1 20,528.1 8,176.9 6,600.9 16,074.4 14,499.5 2010 77
2010 6 30 2009 7 1 2,071.3 10,814.9 7,981.1 2,307.9 23,175.2 1,084.2 24,259.4 4,011.7 4,011.7 70.3 4,082.0 53.6 53.6 1.4 55.0 (248.4) (248.4) (248.4) (7.2) (7.2) (7.2) 6.0 6.0 6.0 (5.8) (5.8) (5.8) (10.5) (10.5) 0.5 (10.0) 4,011.7 (212.3) 3,799.4 72.2 3,871.6 (2,178.9) (2,178.9) (2,178.9) (59.7) (59.7) 107.6 107.6 107.6 1,263.7 1,263.7 1,263.7 17.6 17.6 17.6 44(b) 30.9 (28.5) 2.4 (826.2) (823.8) (5.4) (5.4) (43.9) 43.9 2010 6 30 2,178.9 12,078.6 9,800.9 2,128.6 26,187.0 265.1 26,452.1 78
2009 6 30 2008 7 1 2,057.6 10,605.8 6,687.0 1,896.3 21,246.7 1,266.4 22,513.1 2,528.8 2,528.8 51.9 2,580.7 260.4 260.4 (1.9) 258.5 (9.4) (9.4) (9.4) 154.0 154.0 2.2 156.2 (8.2) (8.2) (8.2) (7.0) (7.0) 0.3 (6.7) 2,528.8 389.8 2,918.6 52.5 2,971.1 (1,232.4) (1,232.4) (1,232.4) (92.1) (92.1) (4.7) (4.7) (4.7) (42.2) (42.2) (42.2) 18.1 18.1 18.1 249.1 249.1 249.1 40.3 40.3 40.3 0.3 0.3 0.3 1.6 1.6 1.6 44(b) (20.2) (20.2) (21.3) (41.5) (121.3) (121.3) 0.6 (2.3) 1.7 2009 6 30 2,071.3 10,814.9 7,981.1 2,307.9 23,175.2 1,084.2 24,259.4 2010 79
6 30 2010 2009 44(a) 1,978.2 1,388.5 (78.1) (214.2) 348.5 93.3 (94.5) (166.0) (106.6) (70.3) 2,047.5 1,031.3 154.6 55.1 1,598.7 1,398.2 2.1 235.1 10.2 60.0 44(c) 1,393.2 117.5 (12.8) (750.1) (51.6) (176.8) 1,087.2 (343.5) (630.7) 46.4 11.2 (1,612.0) (196.9) 565.7 465.9 389.7 446.4 22.5 4.0 126.4 (475.0) 49.2 1,108.5 2,881.4 1,527.8 3,464.3 (3,262.1) (5,092.3) 1.9 (46.9) (20.3) (807.6) (965.1) (59.7) (78.8) (2,601.6) (2,737.2) 554.4 1,175.5 5,172.4 3,996.9 5,726.8 5,172.4 31 5,157.6 5,205.1 (32.7) 32(a) 569.2 5,726.8 5,172.4 80
1 Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda (a) (b) 7 32(a) 2010 10 5 2 5 2010 81
82 2 (a) 20102010 1 1 27 2 3 7 8 1 23 27 32 1 39 15 16 17 18 (2008) 8 14 8 1 2010
2 (a) 27 272010 2720102010 6 30 2010 6 30 7 105.8 0.05 2010 6 30 105.8 105.8 40 40 2010 40 2010 6 30 2010 6 30 17 935.7 18 313.5 19 622.2 2010 83
2 (b) 2010 1 1 2011 6 30 1 1 2 32 19 (2009) 7 2012 6 30 9 24 14 (2010) 3 (a) 6 30 (i) 84
3 (a) (i) (ii) 2010 85
3 (a) (iii) (1) (2) (3) 86
3 (b) (c) (i) (ii) (iii) 2010 87
3 (c) (iv) (d) (i) (ii) (iii) 88
3 (d) (iv) (v) (vi) (vii) (viii) (ix) 2010 89
3 (e) (i) (ii) (f) (g) 90
3 (h) (i) (ii) 2.5% 3% 2.25% 15% 4% 50% (iii) (i) 2010 91
3 (j) (k) (i) (ii) 123(m) (iii) 12 (iv) 12 92
3 (k) (l) (m) 2010 93
3 (n) (o) (p) (q) (r) (s) 94
3 (t) (u) (v) (w) 2010 95
3 (x) (i) (ii) (iii) (a) (b) (c) 96
3 (y) (i) (ii) (iii) (iv) 10% (v) 2010 97
3 (z) 3(w) 12 (aa) (ab) (ac) 98
4 (a) (i) 3 100 2,740 20094,340 100 (ii) 2010 6 30 8.734 20096.303 2010 99
4 (a) (ii) 2010 6 30 10.660 20096.762 5% 5,33020092,680 2010 6 30 7 (iii) 2010 6 3025% 7403.77220091,3201.501 25% 7403.77220094,2701.174 (b) 26(a) 100
4 (c) 2010 6 30 38 413.0 413.0 413.0 3,163.3 3,163.3 2,701.4 461.9 38 75.0 75.0 75.0 38 304.1 304.1 304.1 38 115.7 115.7 115.7 36 4,890.3 4,956.9 1,430.2 3,526.7 37 98.0 98.0 98.0 9,059.4 9,126.0 5,039.4 4,086.6 2009 6 30 38 5,147.3 5,147.3 5,147.3 4,730.6 4,730.6 3,855.4 875.2 38 62.6 62.6 62.6 38 1.3 1.3 0.4 0.9 38 21.4 21.4 14.4 7.0 36 8,806.0 9,065.4 3,456.7 5,608.7 37 98.0 98.0 78.0 20.0 18,867.2 19,126.6 12,614.8 6,511.8 2010 101
4 (c) 2010 6 30 50.9 50.9 50.9 38 4,179.6 4,179.6 4,179.6 4,230.5 4,230.5 4,230.5 2009 6 30 36.3 36.3 36.3 38 5,989.7 5,989.7 5,989.7 6,026.0 6,026.0 6,026.0 (d) 50% 102
4 (d) 6 30 2010 2009 36 (4,890.3) (8,806.0) 31 5,157.6 5,205.1 267.3 (3,600.9) 1,645.0 267.3 (1,955.9) 26,452.1 24,259.4 15% 8% 2010 6 30 (e) (i) (ii) (iii) 2010 103
4 (e) (iv) 2009 7 1 7 2010 6 30 35.5 35.5 1,327.0 171.8 1,498.8 10.0 10.0 1,362.5 181.8 1,544.3 2010 2009 7 1 347.2 (101.8) (62.3) (1.3) 2010 6 30 181.8 104
5 (a) (b) 2010 6 308% 8,99020098,940 2010 105
5 (c) (d) 21(a) 3(m) (e) 106
5 (f) (g) 6 2010 2009 225.4 247.6 2.9 8.2 6,163.9 5,404.1 5,196.0 10,904.0 500.8 687.0 12,089.0 17,250.9 (i)(ii) (iii) (iv) (v) (vi) 2010 107
6 (a) 2010 2010 225.4 2.9 6,266.4 5,654.6 516.4 12,665.7 (102.5) (458.6) (15.6) (576.7) 225.4 2.9 6,163.9 5,196.0 500.8 12,089.0 2.0 52.6 822.8 67.0 90.7 1,035.1 30.7 3.0 1.5 125.7 65.2 226.1 (b) 245.3 465.0 653.3 0.8 217.4 (i) 1,581.8 (b) 278.0 520.6 653.3 825.1 410.1 155.9 2,843.0 731.2 541.1 (ii) 337.9 213.7 5.5 (226.4) (30.5) 22.7 (110.9) (15.3) (300.3) 4,011.7 (i) 1.515 (ii) 2.636 108
6 (a) 2010 2010 2.1 61.9 26.7 17.2 107.9 7.6 115.5 0.2 1.3 1.5 0.4 1.9 66.2 66.2 66.2 31.2 3.9 35.1 35.1 144.7 2.2 117.1 60.4 17.1 341.5 2.0 343.5 1.2 26.3 0.2 17.2 6.9 51.8 22.7 (6.0) 68.5 0.2 0.7 8.6 9.5 110.9 (6.0) 114.4 4.7 45.0 11.5 165.0 34.0 28.8 289.0 43.2 332.2 2010 6 30 980.1 1,580.4 2.3 3,324.3 4,336.1 10,223.2 6,990.2 17,213.4 337.4 399.4 1,096.2 736.5 2,569.5 1,935.9 4,505.4 3,141.4 5,220.8 5,766.7 17.3 1,717.1(i) 15,863.3 98.8 15,962.1 4,458.9 7,200.6 5,769.0 3,341.6 7,149.4 736.5 28,656.0 9,024.9 37,680.9 11.0 405.6 16.1 1,025.7 3,100.7 4,559.1 6,669.7 11,228.8 (i) 15.549 2010 109
6 (a) 2010 2009 247.6 8.2 5,502.0 11,671.7 698.8 18,128.3 (97.9) (767.7) (11.8) (877.4) 247.6 8.2 5,404.1 10,904.0 687.0 17,250.9 1.0 51.9 608.9 100.4 58.9 821.1 31.4 (31.4) 15.6 1.3 38.6 60.3 115.8 (b) 267.7 768.9 415.0 1.9 146.7 (i) 1,600.2 (b) 300.1 789.4 430.6 612.1 285.7 119.2 2,537.1 39.4 (37.8) (ii) 338.0 176.3 (10.0) (4.8) 32.6 16.1 (214.1) (41.2) (302.8) 2,528.8 (i) 1.014 (ii) 1.737 110
6 (a) 2010 2009 0.6 1.8 53.9 28.5 29.6 114.4 6.3 120.7 0.2 1.4 1.6 0.4 2.0 75.6 75.6 75.6 7.8 7.7 15.5 15.5 142.8 2.2 396.1 14.8 58.6 614.5 16.5 631.0 1.8 129.2 3.4 16.5 39.3 190.2 16.1 (6.1) 200.2 5.8 1.9 8.6 16.3 214.1 (6.1) 224.3 2.0 31.9 7.8 82.8 32.3 5.0 161.8 1.1 162.9 2009 6 30 1,034.4 1,899.6 3.3 3,408.9 6,827.9 9,095.6 22,269.7 3,693.4 25,963.1 333.5 422.9 1.9 1,050.8 437.3 2,246.4 916.4 3,162.8 2,861.7 5,417.0 5,174.1 18.6 1,516.1 (i) 14,987.5 165.2 15,152.7 4,229.6 7,739.5 5,177.4 3,429.4 9,394.8 9,532.9 39,503.6 4,775.0 44,278.6 2.5 445.3 9.9 824.2 5,082.6 7,022.7 13,387.2 6,632.0 20,019.2 (i) 13.997 2010 111
6 (b) 2010 2009 2010 2009 226.1 115.8 1,581.8 1,600.2 263.6 (173.7) 337.9 338.0 253.6 (4.7) (5.6) (51.3) (157.6) 485.0 (63.5) 2,122.0 1,780.6 (c) 2010 2009 2010 2009 9,671.8 11,672.5 2,906.0 3,464.8 1,421.9 1,832.1 958.2 1,057.4 992.1 3,742.4 24.9 67.0 3.2 3.9 12,089.0 17,250.9 3,889.1 4,589.2 112
7 2010 2009 622.9 56.7 2.5 (17.3) 2(a) 105.8 731.2 39.4 2009 11 19 2010 2009 12 2161.86% 52.86% 9% 2009 6 30 480.9 665.6 140.4 74.4 2009 6 30 8,410.1 9,094.4 6,200.3 6,972.1 2010 113
8 2010 2009 133.0 54.1 257.8 274.5 16.8 (71.0) 4.1 (19.4) 17 6.6 (12.0) 68.5 200.2 54.3 40.1 39.8 43.0 34.8 7.2 105.0 32.6 71.3 (226.4) (30.5) (10.2) (145.5) 358.8 569.9 9 2010 2009 43.3 44.5 (11.5) (11.5) 31.8 33.0 13.6 0.4 20.8 19.9 1,837.1 1,525.8 8,274.6 13,881.5 18 115.5 120.7 19 1.9 2.0 20 66.2 75.6 21 35.1 15.5 95.3 124.7 3.8 6.4 10 2,233.5 2,567.9 114
10 2010 2009 2,425.0 2,672.9 35 15.3 41.2 40(a) 97.5 105.6 40(b)(ii) (0.3) (3.1) 2,537.5 2,816.6 (304.0) (248.7) 9 2,233.5 2,567.9 11 2010 2009 101.7 208.6 0.1 5.8 12.6 9.9 114.4 224.3 12 16.5% 200916.5% 9% 25% 20099% 25% 2010 2009 198.0 84.7 113.3 83.5 39 20.9 (5.3) 332.2 162.9 3,87020092,740 3.47120092.966 2010 115
12 2010 2009 4,414.2 2,743.6 (485.0) 63.5 (2,122.0) (1,780.6) 1,807.2 1,026.5 16.5% 200916.5% 298.2 169.4 (4.3) (6.6) (13.9) (5.0) (162.1) (139.1) 110.7 95.0 60.5 69.7 (23.9) (28.1) 57.3 37.6 9.7 (30.0) 332.2 162.9 13 23.733200912.695 14 2010 2009 0.62 20090.20 1,309.0 411.1 0.33 2009 0.42 719.0 869.9 2,028.0 1,281.0 2010 10 5 0.33 2011 6 30 0.33 2010 11 24 116
15 2010 2009 4,011.7 2,528.8 2010 2009 2,093,228,132 2,056,499,872 21,972 2,093,228,132 2,056,521,844 16 2010 2009 3.1 3.0 56.4 44.2 2.2 2.5 (a) 61.7 49.7 (b) 8.3 24.2 70.0 73.9 2010 117
16 (a) 2010 2009 0.30 10.20 0.40 10.90 9.29 # 0.15 3.22 0.06 3.43 4.61 0.16 0.77 0.07 1.00 6.97 0.27 6.44 0.32 7.03 6.21 0.15 18.32 ** 0.35 18.82 5.64 0.25 5.29 0.35 5.89 5.71 0.15 5.16 0.35 5.66 5.38 0.20 4.44 0.22 4.86 4.43 0.07 2.32 0.08 2.47 # 0.15 0.01 0.16 0.16 # 0.15 0.11 0.26 0.16 # 0.25 0.03 0.28 0.28 * 0.30 0.03 0.33 0.32 * 0.25 0.03 0.28 0.27 * 0.25 0.03 0.28 0.27 3.05 56.40 2.20 61.65 49.70 # * ** 1,300 118
16 (b) 2010 2009 1.53 4.22 # 1.02 2.82 0.61 2.82 0.76 2.11 0.76 2.11 0.76 2.11 0.76 2.11 0.76 2.11 # 0.15 0.42 # 0.15 0.42 # 0.15 0.42 * 0.31 0.84 * 0.31 0.84 * 0.31 0.84 8.34 24.19 # * 2 20092009 2010 2009 13.03 0.01 13.04 2010 2009 13,000,001 13,500,000 1 2010 119
17 2010 2009 1,117.7 1,129.7 2(a),18,19 935.7 8 6.6 (12.0) 2,060.0 1,117.7 2010 2009 1,124.3 1,117.7 935.7 2,060.0 1,117.7 2011 2010 6 302009 6 30 5(b) 2010 2009 53.0 1,104.5 2,002.3 8.5 4.7 4.7 2,060.0 1,117.7 120
18 2009 7 1 134.1 155.8 1,739.2 2,029.1 25.7 20.9 144.7 177.9 343.5 1.7 19 13.0 13.0 (10.9) (60.9) (71.8) (0.6) 44(b) (3.1) (348.8) (351.9) 32(a) (103.5) (321.3) (424.8) 2(a),17 (313.5) (313.5) 2010 6 30 37.5 1,186.1 1,223.6 26.8 2009 7 1 32.6 1,276.8 1,309.4 20.4 9 3.8 111.7 115.5 2.7 4.6 21.7 26.3 (6.5) (36.3) (42.8) (0.5) 44(b) (1.0) (232.0) (233.0) 32(a) (21.1) (251.9) (273.0) 2010 6 30 12.4 890.0 902.4 22.6 2010 6 30 25.1 296.1 321.2 4.2 2009 6 30 101.5 155.8 462.4 719.7 5.3 2010 121
18 2008 7 1 132.9 6.0 1,727.1 1,866.0 26.8 1.9 142.8 151.2 295.9 0.4 19 13.0 13.0 (0.7) (6.0) (101.8) (108.5) (1.5) 44(b) (37.3) (37.3) 2009 6 30 134.1 155.8 1,739.2 2,029.1 25.7 2008 7 1 25.8 2.6 1,275.4 1,303.8 18.3 9 3.6 0.6 116.5 120.7 3.6 3.4 3.4 (0.2) (3.2) (95.3) (98.7) (1.5) 44(b) (19.8) (19.8) 2009 6 30 32.6 1,276.8 1,309.4 20.4 2009 6 30 101.5 155.8 462.4 719.7 5.3 2008 6 30 107.1 3.4 451.7 562.2 8.5 122
19 2010 2009 785.5 788.3 (20.4) (2.8) 2(a),17 (648.2) 32(a) (94.4) 22.5 785.5 57.8 42.8 9 1.9 2.0 18 13.0 13.0 4.2 1.4 (3.0) (1.4) 2(a),17 (26.0) 32(a) (42.0) 5.9 57.8 16.6 727.7 2010 2009 3.9 17.4 6.4 683.5 4.7 11.3 1.6 15.3 0.2 16.6 727.7 2010 123
20 2010 2009 1,505.9 1,885.6 (193.1) 44(b) (186.6) 1,505.9 1,505.9 528.6 582.5 9 66.2 75.6 (58.8) 44(b) (70.7) 594.8 528.6 911.1 977.3 124
21 2009 7 1 358.7 162.8 567.4 1,088.9 44(b) (65.1) (162.8) (227.9) 2010 6 30 293.6 567.4 861.0 2009 7 1 15.4 18.9 7.8 42.1 9 3.9 31.2 35.1 (a) 226.4 226.4 44(b) (22.8) (22.8) 2010 6 30 241.8 39.0 280.8 2010 6 30 51.8 528.4 580.2 2009 6 30 343.3 143.9 559.6 1,046.8 2008 7 1 360.4 162.8 232.3 755.5 335.1 335.1 44(b) (1.7) (1.7) 2009 6 30 358.7 162.8 567.4 1,088.9 2008 7 1 15.4 11.2 26.6 9 7.7 7.8 15.5 2009 6 30 15.4 18.9 7.8 42.1 2009 6 30 343.3 143.9 559.6 1,046.8 2008 6 30 345.0 151.6 232.3 728.9 2010 125
21 (a) 0% 2.2% 15 204.34% 7.55% 1.3688,960 2010 2010 17.7 17.7 34.1 34.1 34.1 17.7 51.8 2009 136.8 136.8 89.6 89.6 17.7 17.7 99.2 99.2 325.6 17.7 343.3 (b) 2009 6 3072009 12 (c) 2010 6 30 126
22 2010 2009 7,893.3 7,893.3 48 23 2010 2009 (a) 1,298.0 900.8 (b) 3,031.1 1,761.5 4,329.1 2,662.3 31.4 31.4 (c) 144.9 469.1 4,505.4 3,162.8 (a) (b) (c) (d) (e) 7.18520092.866 30.3112010 6 30 18.69720099.164 2010 2.6362009 1.737 6(a)(ii) 1.04720091.0478% 2010 6 30 1.49320095,190 49 2010 127
23 (f) 2010 2009 904.0 849.5 485.0 (63.5) 4,714.5 3,731.0 1,725.3 584.4 (1,515.0) (956.1) (595.7) (697.0) 4,329.1 2,662.3 24 2010 2009 1,178.9 1,190.0 90.0 90.0 991.5 1,275.1 (a) 341.4 537.8 2,601.8 3,092.9 3,270.8 3,100.2 159.3 159.3 (a) 230.9 3,661.0 3,259.5 7,421.4 6,408.9 555.8 578.2 (a) 1,722.1 727.9 9,699.3 7,715.0 (b) 1,085.3 15,962.1 15,152.7 128
24 (a) 2010 2009 (i) 14.2 (ii) 12.1 11.3 2,282.3 1,240.2 2,294.4 1,265.7 (i) 2009 6 306% (ii) 2009 2010 6 30 (b) (c) (d) (e) (f) 21.681200914.678 50 43 2010 2009 10,298.6 10,372.4 2,122.0 1,780.6 18,811.7 17,697.0 4,539.8 4,666.4 (5,595.0) (5,952.2) (4,893.9) (4,437.0) 12,862.6 11,974.2 2010 129
25 2010 2009 1,327.0 201.3 38.9 171.8 350.3 10.0 10.0 1,508.8 600.5 1,327.0 240.2 2010 2009 1,298.2 224.3 140.8 210.6 173.1 62.3 1,508.8 600.5 130
26 2010 2009 (a) 39.0 40(b)(i) 9.1 17.2 39 3.3 17.3 141.7 143.8 377.6 377.6 (b) 291.5 (c) 246.0 6.8 1,069.2 601.7 (a) 2010 2009 38.6 116.7 28 (38.6) (77.7) 39.0 14 2010 1.9% (b) (c) 2010 6 302.915 4213 2010 2009 246.0 2010 131
27 2010 2009 8.0 25.2 14.6 205.0 210.4 213.0 250.2 28 2010 2009 2010 2009 (a) 611.3 3,963.9 728.7 1,335.7 26(a) 38.6 77.7 33 88.6 185.6 (b) 1,726.7 1,781.9 2,989.8 4.7 4.3 (c) 38.3 62.1 (c) 222.8 383.9 (c) 11,148.5 11,509.1 3,510.2 10,725.4 11,153.2 11,513.4 (a) 2010 2009 (i) 2,746.0 611.3 1,217.9 611.3 3,963.9 (i) 2009 6 3016.469 7 2009 12 132
28 (a) 2010 2009 418.7 3,737.5 157.9 80.3 34.7 146.1 611.3 3,963.9 2010 6 3037% 200985% 3.81720095.537 2010 2009 263.5 355.7 88.3 71.4 29.9 126.6 381.7 553.7 2010 133
28 (a) 2010 6 3074020092,520 2010 2009 0.1 0.4 1.5 7.0 23.6 7.4 25.2 2010 2009 25.2 131.2 1.4 0.5 (0.1) (2.1) (3.4) (104.4) (15.7) 7.4 25.2 (b) (c) 2009 6 30 7 2009 12 2010 6 30 2010 6 30140200950 3.274200916.0746.071 200912.592 134
29 2010 2009 34.0 24.9 1.5 34.0 4.4 35.5 63.3 34.0 24.9 2010 2009 34.0 27.4 1.5 35.9 35.5 63.3 30 7 2009 12 2010 135
31 2010 2009 2010 2009 2,301.0 1,836.7 1,038.9 1,082.1 2,856.6 3,368.4 218.5 34.0 5,157.6 5,205.1 1,257.4 1,116.1 0.66% 20090.13% 21200923 2010 2009 2010 2009 1,991.5 2,625.9 857.4 933.8 414.0 289.0 400.0 182.3 2,563.3 2,014.6 187.1 240.5 1.7 35.1 5,157.6 5,205.1 1,257.4 1,116.1 32 2010 2009 13.3 10.8 115.9 255.0 (a) 1,700.8 1,830.0 265.8 2010 2009 (a) (1,294.4) 136
32 (a) 2010 6 11 (a)(b)(c) (d) (e) (f) (g)(h) 8.885 3 2010 2009 18 151.8 19 52.4 6.1 3.8 9.4 31.0 1,247.5 569.2 2,071.2 (370.4) 1,700.8 39 (1.5) (25.0) (1,478.8) (32.3) (0.1) (1,537.7) 243.3 (1,294.4) 2010 137
33 2010 2009 28,949.8 38,053.4 (29,196.2) (38,459.1) (246.4) (405.7) 28 88.6 185.6 38 (335.0) (591.3) (246.4) (405.7) 34 2009 7 1 2,400,000,000 2,400.0 1,600,000,000 1,600.0 2010 6 30 4,000,000,000 4,000.0 2008 7 1 2,057,626,809 2,057.6 314,128 0.3 18,078,923 18.1 (4,712,000) (4.7) 2009 6 30 2,071,307,860 2,071.3 107,620,023 107.6 2010 6 30 2,178,927,883 2,178.9 138
34 (a) 2001 12 62003 3 122006 11 24 2003 3 1210%1,780,759,001 2010 2009 2010 2009 29,808,654 31,117,132 16.296 16.007 (314,128) 6.094 (2,601,374) (994,350) 16.157 10.466 (a)(ii) 236,860 16.267 27,444,140 29,808,654 16.270 16.296 (i) 2007 8 212008 1 28 16.2 20.6 29,694,000700,000 2012 8 21 (ii) 2010 2007 8 212008 1 28 16.055 20.4172010 6 7 2010 139
34 (a) 2010 2009 2010 2009 16.055 16.193 2012 8 21 15,335,913 17,207,315 60% 40% 2012 8 21 11,401,974 11,901,044 60% 40% 26,737,887 29,108,359 2010 2009 2010 2009 20.417 20.591 2012 8 21 706,253 700,295 60% 40% (b) 7 2009 12 (c) 140
35 2009 7 1 10,814.9 409.0 278.1 1,620.8 7,981.1 21,103.9 4,011.7 4,011.7 (2,178.9) (2,178.9) (105.1) (105.1) 158.7 158.7 (29.2) (29.2) (219.2) (219.2) (0.2) 2.7 (9.7) (7.2) 44(b) (30.9) 2.4 30.9 2.4 (3.6) (3.6) 16.1 16.1 (23.0) (23.0) 1,263.7 1,263.7 15.3 15.3 2.0 2.0 0.3 0.3 6.0 6.0 44.7 (0.8) (43.9) (5.8) (5.8) 2010 6 30 12,078.6 440.4 88.4 1,599.8 9,800.9 24,008.1 2010 6 30 12,078.6 440.4 88.4 1,599.8 9,081.9 23,289.1 719.0 719.0 12,078.6 440.4 88.4 1,599.8 9,800.9 24,008.1 2010 141
35 2008 7 1 10,605.8 375.5 (139.8) 1,660.6 6,687.0 19,189.1 2,528.8 2,528.8 (1,232.4) (1,232.4) (24.5) (24.5) 284.9 284.9 (0.3) 3.5 (12.6) (9.4) 44(b) (20.2) (20.2) 154.0 154.0 (3.0) (3.0) (4.9) (4.9) 0.9 0.9 (42.2) (42.2) 249.1 249.1 41.2 41.2 (1.4) (1.4) 0.5 0.5 1.6 1.6 (8.2) (8.2) 0.6 1.7 (2.3) 2009 6 30 10,814.9 409.0 278.1 1,620.8 7,981.1 21,103.9 2009 6 30 10,814.9 409.0 278.1 1,620.8 7,111.2 20,234.0 869.9 869.9 10,814.9 409.0 278.1 1,620.8 7,981.1 21,103.9 142
35 2009 7 1 10,814.6 237.3 80.9 1,295.4 12,428.2 1,263.7 1,263.7 2,373.3 2,373.3 (2,178.9) (2,178.9) 9.2 9.2 0.3 (8.3) 8.0 2010 6 30 12,078.6 237.3 81.8 1,497.8 13,895.5 2010 6 30 12,078.6 237.3 81.8 778.8 13,176.5 719.0 719.0 12,078.6 237.3 81.8 1,497.8 13,895.5 2008 7 1 10,605.8 237.3 55.2 1,257.7 12,156.0 249.1 249.1 (42.2) (42.2) 1,269.5 1,269.5 (1,232.4) (1,232.4) 26.6 26.6 1.6 1.6 0.3 (0.9) 0.6 2009 6 30 10,814.6 237.3 80.9 1,295.4 12,428.2 2009 6 30 10,814.6 237.3 80.9 425.5 11,558.3 869.9 869.9 10,814.6 237.3 80.9 1,295.4 12,428.2 1997 1981 2010 143
36 2010 2009 (a),(b) 3,496.4 5,466.3 (b) 0.2 3,496.4 5,466.5 (a),(b) 1,393.9 1,118.3 (b) 266.7 (b) 1,854.4 (b) 100.1 1,393.9 3,339.5 4,890.3 8,806.0 (a) 2010 2009 4,890.3 6,584.6 (1,393.9) (1,118.3) 3,496.4 5,466.3 2010 2009 1,393.9 1,118.3 2,444.7 1,464.4 1,051.7 4,001.9 4,890.3 6,584.6 144
36 (b) 2010 2009 1.01% 1.22% 4% 1.02% 2010 6 30 48.90200965.85 37 2010 2009 34.1 40.3 39 168.4 166.6 14.8 14.8 (a) 98.0 98.0 315.3 319.7 (a) 2106%2009 6% 2010 145
38 2010 2009 2010 2009 (a) 413.0 5,147.3 602.5 1,043.7 35.4 33 335.0 591.3 (b) 75.0 62.6 2,628.6 3,768.7 54.1 38.9 (b) 304.1 1.3 (b) 115.7 21.4 (b) 4,179.6 5,989.7 4,473.9 10,671.7 4,233.7 6,028.6 (a) 2010 2009 (i) 4,694.1 (ii) 413.0 453.2 413.0 5,147.3 (i) 7 2009 12 (ii) 2010 2009 390.0 355.9 1.4 40.3 21.6 57.0 413.0 453.2 146
38 (b) (c) (d) 5.519200910.2787.640 200915.754 39 2010 2009 149.3 161.0 12 20.9 (5.3) 44(b) (3.6) (6.4) 32(a) (1.5) 165.1 149.3 16.5% 200916.5% 13.238 200914.890 2010 6 301.1892009 1.540 2010 147
39 2010 2009 2010 2009 2010 2009 2010 2009 4.7 10.0 8.2 4.4 4.2 19.1 12.4 (4.4) (7.7) (12.1) (0.6) (0.2) (0.8) 0.3 4.7 (0.9) 1.8 (0.7) 0.2 (1.3) 6.7 4.7 1.2 10.0 3.7 4.4 4.9 19.1 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 47.8 38.1 7.9 10.0 81.2 93.9 31.2 31.2 0.3 0.2 168.4 173.4 (15.7) (0.2) (6.2) (15.7) (6.4) (2.3) (2.3) 8.1 9.9 1.1 (2.1) (2.1) (6.5) 12.4 0.1 0.1 19.6 1.4 37.9 47.8 9.0 7.9 79.1 81.2 43.6 31.2 0.4 0.3 170.0 168.4 2010 2009 26 (3.3) (17.3) 37 168.4 166.6 165.1 149.3 148
40 (a) 2000 12 5% 1.2 20109,75020091.056 14020091602010 6 30 100200960 200910 (b) projected unit credit method (i) 2010 2009 (39.7) (63.0) 45.3 76.9 5.6 13.9 3.5 3.3 26 9.1 17.2 2010 149
40 (b) (ii) 2010 2009 3.1 3.1 2.6 2.9 (10.7) (8.0) 4.7 (1.1) 10 (0.3) (3.1) (iii) 2010 2009 63.0 55.4 3.1 3.1 2.6 2.9 1.5 1.5 (0.2) 2.4 (2.1) (2.5) (28.1) (0.1) 0.2 39.7 63.0 (iv) 2010 2009 76.9 88.8 10.7 8.0 (7.3) (19.6) 0.2 0.5 1.5 1.5 (2.1) (2.5) (34.5) (0.1) 0.2 45.3 76.9 150
40 (b) (iv) 2010 2009 2.5-3.5% 2.8-3.5% 7% 7% 0-4% 0-4% 34020091,210 2010 2009 69% 65% 26% 31% 5% 4% 100% 100% (v) 2011 6 30 2010 2009 2008 2007 2006 (39.7) (63.0) (55.4) (46.5) (47.2) 45.3 76.9 88.8 78.0 65.5 5.6 13.9 33.4 31.5 18.3 (0.8) 0.4 0.3 1.4 (1.1) 3.6 (18.2) 5.0 8.7 3.9 2010 151
41 42 (a) 2010 2009 10.2 27.6 389.4 (i) 1,082.1 1,250.6 39.2 213.4 695.7 975.8 2,710.1 1,973.9 (i) 10.821200912.506 152
42 (b) 2010 2009 590.9 756.5 391.9 672.4 982.8 1,428.9 (c) 2010 2009 70.3 105.5 94.8 76.1 5.0 10.2 170.1 191.8 2.4 170.1 194.2 (d) 2010 2009 6.8 7.9 1.9 4.3 8.7 12.2 2010 153
43 (a) 2010 2009 2010 2009 11,860.9 12,519.4 11.9 11.9 11.9 11.9 115.4 223.9 111.7 111.7 239.0 347.5 11,872.8 12,531.3 (b) 2010 6 30 2602009260 154
44 (a) 2010 2009 1,921.6 1,250.8 218.7 213.8 15.3 41.2 226.4 30.5 10.2 145.5 (731.2) (39.4) (68.5) (200.2) (4.1) 19.4 (6.6) 12.0 (71.3) (32.6) (257.8) (274.5) (105.0) (149.8) 16.9 (22.5) (4.0) 56.1 11.1 1,228.1 993.9 (0.5) (3.6) 3.6 20.9 2,681.9 (1,073.4) (997.2) (556.1) 34.7 465.5 456.6 (18.8) 16.8 (10.4) 12.4 (23.1) (1,458.2) 1,593.6 1,978.2 1,388.5 2010 155
44 (b) 2010 2009 18 118.9 17.5 20 115.9 21 205.1 1.7 10.8 289.2 96.3 39 10.6 21.1 6.5 2,874.2 70.8 58.5 4.8 4,659.1 417.7 39.3 (5,476.7) (127.5) (44.8) (0.6) (726.0) 39 (14.2) (6.4) (14.9) (826.2) (21.3) 1,384.4 375.0 625.4 39.4 35 2.4 (20.2) 105.8 (307.1) (183.5) 1,810.9 210.7 1,810.9 156.8 53.9 1,810.9 210.7 (c) 2010 2009 1,810.9 156.8 (417.7) (39.3) 1,393.2 117.5 156
45 (a) 2010 2010 2009 (i) (ii) 23.1 101.1 (iii) 5.9 17.8 (iv) 21.0 157.3 (v) 28.6 21.1 (vi) (10.3) (11.0) (i) (ii) 2,122.9 2,502.9 (iii) 138.8 143.6 (vi) (58.4) (65.1) (vii) (0.5) (0.9) (i) (ii) (iii) (iv) 23 24 (v) (vi) (vii) 2010 157
45 (b) (c) 2010 6 11 90% 10% 32 16 (d) 23 24 28 37 38 46 2010 47 158
48 2010 6 30 # 1 1 100.0 1,630,000 100 100.0 20,000* 100 100.0 4,998 1 100.0 2* 1 100.0 2 10,000 100.0 3,000* 10,000 100.0 ## 15,000,000 1 100.0 1 1 100.0 10 100 100.0 160,000* 100 100.0 ## 100 100 100.0 ## 1,000 100 100.0 ## 8,500,000 1 100.0 1,500,000* 1 100.0 ## 766,714 10 100.0 233,288* 10 100.0 ## 8,402 100 100.0 11,600* 100 99.7 2 100 100.0 ## 2,500* 100 1 1 100.0 40,000 1,000 100.0 10,000* 1,000 100.0 400,000 100 100.0 600,000* 100 100.0 670,000 100 100.0 1** 1 Hip Hing Leader JV Limited 10,000 1 66.7 3 1 100.0 1* 1 100.0 1 1 100.0 ## 1,980,000 10 100.0 20,000* 10 100.0 11,481,580 1 100.0 ## 450,000 10 99.0 95,500* 10 83.5 2 1 100.0 2* 1 100.0 ## 2 100 100.0 1,002* 100 100.0 2010 159
48 2010 6 30 # ## 5,000,000 1 100.0 ## 20,000,000 1 100.0 ## 30,000 1,000 100.0 18,750,000 1 90.4 ## 40,000,002 1 100.0 704,000* 1 100.0 1,000,000 1 100.0 100 100 100.0 100* 100 50.0 ## 100,000 1 100.0 2 1 100.0 2 1 100.0 2 1 100.0 1 1 100.0 100.0 1 1 100.0 100.0 NWS Holdings (Finance) Limited 1 1 100.0 100.0 1 1 100.0 2 10 100.0 100,000* 10 100.0 1 1 100.0 100 1 100.0 1 1 100.0 4,998 1 100.0 2* 1 100.0 1 1 100.0 4,998 1 100.0 2* 1 100.0 10,000,000 1 100.0 ## 49,995,498 1 100.0 4,502* 1 66.7 20,000,004 3 99.8 ## 400,000 100 100.0 20,000 1,000 100.0 2 1 100.0 ## 4,000,000 10 100.0 160
48 2010 6 30 # 1,323,943,165 0.10 100.0 100.0 1 1 100.0 1 1 100.0 1 1 100.0 1 1 100.0 Hetro Limited 101 1 100.0 ## 50,000,000 1 100.0 NWS Financial Management 1 1 100.0 Services Limited 2 1 100.0 100.0 2 1 100.0 100.0 1 1 100.0 1 1 100.0 1 1 100.0 Beauty Ocean Limited 1 1 100.0 Economic Velocity Limited 1 1 100.0 Ideal Global International Limited 1 1 100.0 1 1 100.0 NWS CON Limited 1 1 100.0 NWS Construction Limited 1 1 100.0 NWS Infrastructure Bridges Limited 1 1 100.0 NWS Infrastructure Power Limited 1 1 100.0 NWS Infrastructure Roads Limited 1 1 100.0 NWS Infrastructure Water Limited 1 1 100.0 Right Heart Associates Limited 4 1 100.0 Righteous Corporation 1 1 100.0 1 1 100.0 Stockfield Limited 1 1 100.0 2010 161
48 2010 6 30 60,000,000 30.0(a) 59,520,000 100.0(b) 57,680,000 100.0(b) 63,800,000 60.0(b) 96,000,000 65.0(a) 50,000,000 100.0 150,000,000 100.0 49,000,000 90.0(c) 56,000,000 90.0(c) 72,000,000 52.0(a) 5,000,000 100.0 25,000 100.0 100,000 100.0 ## 25,000 100.0 25,000 100.0 1,000,000 99.8 ## 100,000 100.0 # * ** ## (a) (b) (c) 12 60% 162
49 2010 6 30 # 10,000 1 50.0 200,000 100 50.0 150,000 100 42.0 708,959,805 0.10 9.0(a) VMS Private Investment Partners III Limited 1,500* 0.01 270** 0.01 100.0 East Asia Secretaries (BVI) Limited 300,000,000 1 24.4 Tricor Holdings Limited 7,001 1 24.4 VMS Private Investment Partners II Limited 2,500* 0.01 1,791** 0.01 100.0 VMS Private Investment Partners IV Limited 1,500* 0.01 230** 0.01 60.0 793,124,034 0.10 27.0 1,145,000,000 18.0(a) 818,300,000 25.0(b) # * ** (a) (b) 2010 163
50 2010 6 30 3,500,000 46.2 580,000,000 25.0(a) 3,977,267,380 22.0 650,000,000 50.0 1,500,000 33.3 300,000,000 22.0 19,255,000 65.3(a) 990,000,000 25.0(b) 359,676,800 35.0(b) 420,000,000 50.0(a) 924,000,000 35.0(b) 139,980,000 33.3(a) 34,400,000 50.0(a) 93,688,000 90.0(c) 99,400,000 90.0(c) 99,092,000 90.0(c) 85,468,000 90.0(c) 99,368,000 90.0(c) 92,016,000 90.0(c) 87,300,000 90.0(c) 99,388,000 90.0(c) 96,624,000 90.0(c) 99,448,000 90.0(c) 99,316,000 90.0(c) 90,472,000 90.0(c) 89,028,000 90.0(c) 89,392,000 90.0(c) 283,765,556 40.0(b) 384,040,000 50.0(b) 164
50 2010 6 30 # 100,000 A 1 56.0 20,000 B ** 1 79.6 54,918* 1 10,000 1 46.2 1,000,000 1 47.0 100 1 50.0 2 1 50.0 1 1 50.0 100 1 50.0 1,100,000 0.01 29.5 600,000,000* 1 DP World New World Limited 2,000 1 50.0 500,000,016 1 50.0 1,000 1 80.0 300,000,000 1 50.0 Hip Hing Construction (Thailand) 10,000,000 10 49.0 Company Limited 2,890,680 A 100 5,559,000 B 100 100.0 2,668,320 C 100 50.0 # * ** (a) (b) (c) 15 60% 2010 165
2010 2009 2008 2007 2006 1.92 1.23 1.90 1.01 0.89 1.92 1.23 1.89 1.01 0.85 15% 21% 46% 13% 15% 11% 18% 11% 11% 13% 9% 14% 9% 9% 12,089.0 17,250.9 18,889.5 15,047.1 12,543.9 3.1 17.9 16.3 225.4 247.6 283.7 239.7 239.2 2.9 8.2 16.8 23.7 25.5 6,163.9 5,404.1 4,518.2 3,412.8 3,628.0 5,196.0 10,904.0 12,658.4 11,205.0 8,619.9 500.8 687.0 1,409.3 148.0 15.0 9,671.8 11,672.5 11,496.9 8,313.1 8,955.0 992.1 3,742.4 5,716.8 5,108.8 2,159.4 1,425.1 1,836.0 1,675.8 1,625.2 1,429.5 4,011.7 2,528.8 3,836.9 2,005.4 1,656.6 2,843.0 2,537.1 2,741.7 2,291.1 1,937.6 520.6 789.4 744.7 566.4 469.1 420.0 245.0 383.5 402.8 487.8 233.3 185.6 126.5 102.2 87.4 278.0 300.1 344.6 292.5 260.3 825.1 612.1 427.0 428.3 318.6 410.1 285.7 380.3 357.3 248.6 155.9 119.2 335.1 141.6 65.8 166
2010 2009 2008 2007 2006 1,599.7 1,083.5 1,264.8 1,003.5 738.6 220.6 309.6 311.6 250.5 208.2 1,022.7 1,144.0 1,165.3 1,037.1 990.8 731.2 39.4 213.7 176.3 (21.9) 152.5 (226.4) (30.5) (4.8) (10.3) (13.0) (30.0) 17.3 58.0 39.6 337.9 338.0 1,632.6 5.5 (10.0) 22.0 19.2 2.5 541.1 (37.8) (35.3) 32.3 5.7 22.7 16.1 43.7 78.2 74.3 (110.9) (214.1) (284.3) (208.0) (227.6) (15.3) (41.2) (81.8) 32.6 75.3 (300.3) (302.8) (262.1) (252.4) (298.0) 37,680.9 44,278.6 42,593.9 39,782.0 25,587.6 11,493.9 21,103.4 21,347.2 22,585.5 11,121.3 4,890.3 8,806.0 8,790.9 11,685.6 4,528.3 26,187.0 23,175.2 21,246.7 17,196.5 14,466.3 2006 6 30 2007 6 30 2010 167
5 9-11 15 8 17 16 18-22 6-7 26-27 9 4, 9 9 9 9 9 9 1,5-6 1-2, 5 4 3 29 1 7 8 20 2-4 1-9 10-14 15-18 12-14, 28 25 23-24 2-3 19 2010 10 5 168
4 6 7 1, 9 2 8 3 5a 5b 1. 2. 65.29% 25% 22 1994 1 2023 2030 2 65 2010 2009 2008 131,756 160,231 164,242 8.6 53.8 1997 5 1999 12 6 18.58 3 160 2010 2009 2008 103,773 90,076 100,667 3. 4. 5a. 5b. 15% 25% 33.33% 50% 27* 48 5.39 34.7 21.8 2005 12 2005 4 2010 9 1993 6 1997 12 2032 2031 2027 2023 5 55 5 75 2 75 1 21 2010 2009 2008 17,595 12,757 14,238 *37 2010 2009 2008 32,032 26,142 24,442 2010 2009 2008 39,118 30,505 28,869 2010 2009 2008 8,661 9,716 11,344 6. 7. 8. 9. 30% / 80% 40.8% 22.5% 33.3% 1.1 46.22 72.4 1996 11 2010 () 2007 11 2007 11 2021 2033 2031 2037 2003 3 2 158 2010 2009 2008 2010 2009 2008 2010 2009 2008 74,037 2010 2009 2008 2010 169
323 10. 209 100% 324 210 12 11 14 16.3 323 13 10 1998 5 2026 1 30 1.8 / 2010 2009 2008 2,027 2,342 3,750 11. 12. 13. 14. 321 100% 65% 60% 52% 16.8 27.8 8.7 30 8.7 4.3 1998 5 1998 5 2026 2026 1 30 1.8 / 2010 2009 2008 2,008 2,320 3,807 1 30 1.8 / 2010 2009 2008 4,905 5,665 8,156 1997 8 1999 1 2026 2024 1 30 1.45 1.8 / 2010 2009 2008 2,713 2,733 3,225 1997 3 1998 12 2022 1 35 2010 2009 2008 6,025 6,614 5,955 15. 16. 18 209 209 106 219 307 16 15 309 208 208 307 108 17 207 60% / 90% 60% / 90% 23.18 36.02 2000 7 1999 4 2025 2025 10 60 10 60 2010 2009 2008 1,067 336 806 2010 2009 2008 1,223 769 967 170
17. 309 18. 60% / 90% 60% / 90% 22.2 18.3 2000 7 2000 8 2023 2023 10 60 10 70 2010 2009 2008 2,705 2,523 2,738 2010 2009 2008 2,191 2,649 2,718 19. 1590% 1560% 19 43.4 17 1998 12 2000 12 2028 2028 5 137 2010 2009 2008 33,405 29,077 22,763 20. 29.5% 20 4 1991 6 2018 11 31 2010 2009 2008 51,502 51,497 56,285 2010 171
1. 2. 3. 4. 50% 25% 19% 35% 600 620 472 1200 1994 1 1996 4 1985 11 2007 6 2017 2020 2010 2040 2010 2009 2008 3,498 3,339 3,707 2010 2009 2008 3,706 3,091 3,999 2010 2009 2008 3,566 3,289 3,160 2010 2009 2008 5,971 5,735 4,832 5. 35% 700/ 2008 1 2033 1. 2. 3. 4. 42.5% 29% 33.06% 33.06% 33 6 9 20 30 50 1985 1994 1 2007 5 1998 4 2008 11 1998 4 2030 2027 2020 2020 2010 2009 2008 186,486 184,125 185,029 2010 2009 2008 77,263 81,102 88,799 2010 2009 2008 591,494 585,240 622,789 5. 6. 7. 8. 25% 40% 27.5% 25% 11.8 7.2 26 36 2000 9 2009 9 2000 6 2001 8 2030 2029 2020 2031 2010 2009 2008 75,000 69,973 2010 2009 2008 7,274 2010 2009 2008 234,000 234,000 234,000 2010 2009 2008 206,486 202,789 240,367 172
9. 10. 11. 12. 30% 35% 47.5% 25% 11 5 4 10 2002 4 2000 12 2010 6 2002 1 2032 2029 2040 2031 2010 2009 2008 81,014 80,376 78,077 2010 2009 2008 22,686 21,540 21,516 2010 2009 2008 48,730 46,668 48,670 13. 14. 25% 50% 5 20 4,800 2005 4 2008 2 5 2009 10 2052 2039 2010 2009 2008 44,606 38,669 40,325 120,277 97,834 99,184 997 568 226 2010 2009 2008 3,975 15. 16. 17. 18. 25% 25% 25% 32.69% 54.3 18.3 23.5 5 5 2002 8 2006 9 2004 1 1996 1 2008 9 2027 2033 2023 2052 2010 2009 2008 545,872 495,805 509,373 2010 2009 2008 185,387 158,733 147,964 2010 2009 2008 79,925 76,088 68,572 19. 20. 38 16 2002 11 2006 7 2010 2009 2008 331,328 284,484 260,874 28.36% 28.36% 20 30 2011 7 2007 1 2038 2036 2010 2009 2008 255,746 234,951 236,487 2010 173
21. 22. 21.86% 25.52% 10 240 4 12 2012 2011 2010 2038 2060 23. 24. 25. 26. 26.03% 25% 25% 24.5% 50 31 10 : 67.5 : 20 2009 3 2005 4 2002 3 2006 12 2011 2022 2039 2032 2036 2010 2009 2008 254,055 270,769 2010 2009 2008 171,812 164,124 169,214 2010 2009 2008 64,279 62,934 68,811 2010 2009 2008 426,171 400,155 413,578 27. 28. 29. 24.5% 10% 47% 300 6 3,500 2011 2006 8 1995 6 2039 2053 2045 2010 2009 2008 52,612 24,195 26,737 2010 2009 2008 912,577 872,350 818,010 1. 2. 3. 50% 24.5% 18% 100 140 150 48.3 46.9 44.7 1997 4 1999 1 2005 11 2052 2027 2035 976 1,136 1,202 9 10 12 2010 2009 2008 753,000 696,000 745,000 2010 2009 2008 886,000 857,000 1,129,000 2010 2009 2008 1,910,000 1,920,000 1,991,000 174
4. 5. 4.8% 100% 220 74 1998 1 2045 2002 6 2046 1,856 2010 2009 2008 1,673,000 1,609,000 1,853,000 6. 7. 40% 56% 100 590 43.1 2011 2047 2058 6 754 2010 2009 2008 1987 2 1988 3 1992 2 1994 1 1994 11 2010 2009 2008 97.0% 98.7% 97.7% 8. 9. 46.17% 22% 60 18 2.6 2002 1 2057 2019 2010 2009 2008 238,000 292,000 357,000 2008 1 2009 12 2010 3 2010 4 2010 7 2010 8 2010 8 2010 2009 2008 366,000 159,000 70,000 2010 175
項目摘要 服務 香港會議展覽中心 管理 設施管理 免稅 店 協興建築 建築機電及 交通運輸 惠記 (27.0%) 新創建之巴士及渡輪服務 (50.0%) 冠忠巴士 (15.0%) 金融服務 Tricor (24.4%) 大福證券 (9.0%) 以2010年10月5日計 176 新創建集團有限公司
91,500 1,185 470 92.91 704 162.95 109.8 97 486,000 933 1,019 110 65 591,000 759,000 17 9 5 8,800 33,800 2010 177
2009 2009 6 30 2010 2010 6 30 10 1,000,000 10,000 178
1,000 20 8 8.5 9 1,000 2010 179
Clarendon House 2 Church Street Hamilton HM 11 Bermuda 18 28 Butterfield Fulcrum Group (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke HM08 Bermuda 28 26 22 UFJ www.nws.com.hk 180