關於我們目錄 , ,600 2, - PDF 免费下载

關於我們目錄 2002 3 2,000 2016 12 3118 1,600 2,100 2 4 6 7 8 16 20 22 24 31 65 87 97 103 104 106 107 109 180 181 182

大事回顧 2 4 6 8 2016 2 澳門博彩控股有限公司 2016

大事回顧 63 10 11 GT GT 12 Sing 2016 2016 3

榮譽獎項澳博 2016 榮獎項 1000 獎 2016 澳門獎獎獎公司股 100 獎 10 股 2015 16 4 澳門博彩控股有限公司 2016

2017 2017 Wine Spectator 2016 Wine Spectator 2016 1890 Wine Spectator 2016 Hong Kong Tatler 201720 8 2017 2016 2016 Tripadvisor 2016 2016 2016Luxury Travel Guide Awards 2016 2016 5

財務摘要及股息派發時間表財務摘要 2016 12 31 2015 12 31 41,272 48,282 765 601 EBITDA* 3,417 3,862 2,327 2,465 41.1 43.6 41.1 43.5 18 15 6 10 * EBITDA 股息派發時間表及時間 2017 2017 2017 2 28 2017 6 13 2 時 30 2017 6 15 2017 6 16 2017 6 16 4 時 30 2017 6 28 6 澳門博彩控股有限公司 2016

行政總裁報告 2016 3.3% 201620.5%8.2% 6.4% EBITDA 11.5% 5.6% 2016 19.1% EBITDA 18.2% 16.9%8.6% 3.7% 91.7%1,581 2016 12 2016 12 31 1365 2016 2018 2016 8 2016 12 31776 2.8 3,700 2017 2 28 澳門博彩控股有限公司 2016 7

業務回顧 20163.3% 20160.8% 3,100 0.2% 2,050 業務 8 澳門博彩控股有限公司 2016

業務回顧 2016 12 31EBITDA EBITDA 12 31 2016 2015 41,798 48,864 (14.5%) 41,272 48,282 (14.5%) 2,327 2,465 (5.6%) EBITDA 1 3,417 3,862 (11.5%) EBITDA 2 8.2% 7.9% 0.3% 1 EBITDA 2 EBITDA EBITDA 201620.5%8.2% 2016 3.3%6.9%1.8% 3.1% 20162,167.0919.1% 2015 21.7% EBITDA8.2%20157.9% 2016 EBITDA12.6%201512.4% 20162.41 20152.50 1.432016 1.703.14 2016 10.65 201510.95 4,500 20155,200 2016 9

業務回顧 12 31 2016 2015 19,934 25,064 (20.5%) 160,188 144,261 11.0% 657,849 773,445 (14.9%) 340 476 (28.6%) 201648.3%51.9%2016 12 31 315202015 12 31386 192016 12 3113 17.3% 20.2%20153.22%20163.03% 12 31 2016 2015 20,272 22,078 (8.2%) 42,888 49,380 (13.1%) 1,302 1,242 4.8% 2016 49.1% 2015 45.7%2016 12 31 1,3012015 12 311,247 10 2016

業務回顧 12 31 2016 2015 1,067 1,140 (6.4%) 1,071 1,151 (6.9%) 2,717 2,711 0.2% 20162.6% 20152.4%2016 12 312,1322015 12 312,645 2016 12 3112 30,11829,215 12 31 2016 2015 14,056 16,345 (14.0%) 1,424 1,692 (15.8%) EBITDA 3 1,764 2,157 (18.2%) EBITDA 4 12.6% 13.2% (0.6%) 3 EBITDA 4 EBITDAEBITDA 2016 11

業務回顧 12 31 2016 2015 9,097 10,943 (16.9%) 198,848 199,878 (0.5%) 330,274 343,670 (3.9%) 125 150 (16.7%) 4,570 4,998 (8.6%) 46,330 52,455 (11.7%) 275 271 1.5% 389 404 (3.7%) 1,347 1,458 (7.6%) 789 759 4.0% 2016 12 31 268 2016 1 1268 136124 EBITDA201619.3%2015 20.3% 2016 1,050 28,938 3.5% 2016 12 31692 20162.42 3,800 12 2016

業務回顧 12 31 2016 2015 5,824 6,478 (10.1%) 414 530 (21.9%) EBITDA 618 749 (17.6%) EBITDA 10.6% 11.6% (1.0%) 12 31 2016 2015 1,981 2,476 (20.0%) 186,598 165,437 12.8% 57,320 66,502 (13.8%) 29 41 (29.3%) 3,643 3,781 (3.7%) 27,882 34,059 (18.1%) 362 311 16.4% 200 221 (9.4%) 921 911 1.1% 590 660 (10.6%) 2016 12 3128132107 2003382016 11 5 1092016 1235 2016 13

業務回顧 2016 12 3114 2015 12 31 2016 12 3112163 661886 12 31 2016 2015 21,393 25,459 (16.0%) 757 640 18.3% EBITDA 810 722 12.1% EBITDA 3.8% 2.8% 1.0% 20152015 12 31 2015 12 31 EBITDA 3.4% 12 31 2016 2015 8,856 11,645 (23.9%) 130,089 111,551 16.6% 270,254 363,273 (25.6%) 186 286 (35.0%) 12,060 13,299 (9.3%) 49,633 55,253 (10.2%) 665 661 0.6% 477 515 (7.3%) 974 1,092 (10.8%) 1,339 1,292 3.6% 14 2016

業務回顧 2016 12 315.15EBITDA 8,400 5.51 EBITDA 9,500413 91.7%83.0% 2016 1,58120152,0305% 2016 9 Robuchon au Dôme 8 2017 1890Don Alfonso 1890 Wine Spectator Hong Kong Tatler 201720 51% 2016 1.92 20152.14 408 2016 87.6% 2015 89.1% 12.1% 1,059 2016 2016 5.2620155.819.5% 1,900 2.392016 2015 2016 15

企業社會責任澳博社會社會社會 2016 澳門社社 2016 11 10 400,000 1020,000 201610 2005119 76 2016 512 16 澳門博彩控股有限公司 2016

企業社會責任 2016 3 2016 11 162016 2016 11 63 (Felix Rosenqvist) 2016 GT GT 2016 4 2016 3 21 2016 8 2016 6 2016 17

企業社會責任 2016 2016 156 15,000 201617 2016 2016 11 2016 2017 2016 12 4,000 2016 2016 18 2016

企業社會責任 2016 2015 8 500 2016 1210 201692% 2016 8 9 19 8,000 900 12 1 2 2,800 2016 12 31 776 361 1.2 2016 19

前景與近期發展展 2017 近期前 20162017 2014 2 132016 2018 521,435 77,158 90%Palazzo Versace Karl Lagerfeld2,000 360 2016 12 31 250 2017 2016 12 31 212 2017 4 20 澳門博彩控股有限公司 2016

前景與近期發展 2016 8 2017 3 31 712 10 2009 20142016 95% 2016 12 2017 132 2016 21

財務回顧財務 2016 12 31131.614.08 2015 12 31168.1421.7% 2016 12 31 5.39 2015 12 31 7.132016 12 31 1 1 2 100% 100% 20162015 12 31 2016 12 31214 2015 12 31252212 2016 12 31360 2016 12 317.536,300 2015 12 31 8.83 6,800 2016 12 314.08 20155.05 2016 12 318,700 20158,700 2016 12 31 22 澳門博彩控股有限公司 2016

財務回顧 2016 12 312.60 98% 2016 12 31 2016 12 3120,6002016 EBITDA EBITDA 2016 12 31 EBITDA12.6%EBITDA8.2% 2016 23

董事及高級管理層董事博 9520062009 20012010 1962 Euronext Estoril-Sol, SGPS, S.A. 201020032007 2001 (O.B.E.) Commandeur de l Ordre de la Couronne 24 澳門博彩控股有限公司 2016

董事及高級管理層 652006 2009 2008 2012 2002 2013 1976 40 2015 6 EuronextEstoril- Sol, SGPS, S.A. 2005 2009 2012 2014 19732001IMC/Southern Cross University 2016 25

董事及高級管理層 6520062009 2002 1978 3919992002 2015 7520062001 2003 1981 1965 1981 2012 2014 1964 7120102014 20041999 26 2016

董事及高級管理層 552007 2008 20092005 2007 2010 2014 2005 200520092013 2016 12 2005201520112014 2014201520152016 20092015 62200720082009 2007 1998 Urbana-Champaign 7020132013 2016 8 2015 5 2001 2016 27

董事及高級管理層 7420072008 2010 2008 2012 20092012 1967 19882002 2002 7620072008 2010 2008 2012 2014 12 2015 32015 10 2017 1 1 200039 Advanced Management Program (AMP) Queen Elizabeth House (Oxford) 28 2016

董事及高級管理層 7120072008 2014 5 2014 22017 12015 10 20001995 200720132016 2016 4 2016 29

董事及高級管理層 6920072008 2014 10 2005 52016 12 19761984200319972000 13.51B(1)2016 7 12016 12 31 30 2016

董事報告 2016 12 31 5 公司 44 2016 12 31 103179 股 2016 9 14 2016 6 306 2015 6 3010 2016 12 3118201515 2017 6 13 2017 33 2016 12 31 68.46 2015 12 3163.32 340 2015 12 31160 澳門博彩控股有限公司 2016 31

董事報告 8152021 2223 39 8796 6586 2016 12 31 180 2017 2017 2017 6 92017 6 13 2017 2017 6 8 2017 6 84 30 183 17 1712 1716 2017 2017 6 132 30 2017 2017 6 102 30 1 30 3001 3006 comsec@sjmholdings.com 32 2016

董事報告 2017 6 16 2017 6 164 30 183 17 1712 1716 2017 6 28 2017 39.92% (i) (ii) (iii) (iv) (v) 49% 19.60% 6.86% 5.42% 4.56% 3.48% 5% 30% 2016 33

董事報告 13 14 2016 12 31 2017 70,468 521,435 100% 11,626 135,442 100% 23,066 126,500 51% 93 103 I 5,582.72 100% 1 5 12 3 7,585.72 100% 2016 12 31 28 1,970 20153,640 31 34 2016

董事報告 2009 5 13 2009 5 1310%500,000,000 32,299,000 0.57% 12 (a) 1% (b) (i) (ii) 0.1% 500 2016 35

董事報告 1 28 (a) (b) 10 450,0001,269,000450,000 2016 12 31471,085,000275,500,000 1,846,871,400275,500,000 3,384,000 2016 12 31 192,201,000 45,004,000 2,426,588,662192,201,000 36 2016

董事報告 2016 12 31 2016 1 1 2016 12 31 2015 6 15 6 2015 12 15 2024 12 14 9.826 1,667,000 1,667,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 1,667,000 1,667,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 1,666,000 1,666,000 2013 10 8 5 2014 4 8 2023 4 7 22 1,000,000 1,000,000 2013 10 8 5 2015 4 8 2023 4 7 22 1,000,000 1,000,000 2013 10 8 5 2016 4 8 2023 4 7 22 1,000,000 1,000,000 2015 6 15 6 2015 12 15 2024 12 14 9.826 1,000,000 1,000,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 1,000,000 1,000,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 1,000,000 1,000,000 2015 6 15 6 2015 12 15 2024 12 14 9.826 167,000 167,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 167,000 167,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 166,000 166,000 2011 3 17 4 2011 9 17 2020 9 16 12.496 500,000 500,000 2015 6 15 6 2015 12 15 2024 12 14 9.826 167,000 167,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 167,000 167,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 166,000 166,000 2015 6 15 6 2015 12 15 2024 12 14 9.826 167,000 167,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 167,000 167,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 166,000 166,000 2016 37

董事報告 2016 1 1 2016 12 31 2011 3 17 4 2011 9 17 2020 9 16 12.496 500,000 500,000 2015 6 15 6 2015 12 15 2024 12 14 9.826 167,000 167,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 167,000 167,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 166,000 166,000 2015 6 15 6 2015 12 15 2024 12 14 9.826 11,667,000 11,667,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 11,667,000 11,667,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 11,666,000 11,666,000 2015 6 15 6 2015 12 15 2024 12 14 9.826 10,667,000 10,667,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 10,667,000 10,667,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 10,666,000 10,666,000 2011 3 17 4 2011 9 17 2020 2 16 12.496 3,000,000 3,000,000 2015 6 15 6 2015 12 15 2024 12 14 9.826 1,000,000 1,000,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 1,000,000 1,000,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 1,000,000 1,000,000 2010 8 31 3 2011 2 28 2020 2 16 7.48 3,000,000 3,000,000 2011 3 17 4 2011 9 17 2020 2 16 12.496 3,000,000 3,000,000 2015 6 15 6 2015 12 15 2024 12 14 9.826 1,000,000 1,000,000 2015 6 15 6 2016 12 15 2024 12 14 9.826 1,000,000 1,000,000 2015 6 15 6 2017 12 15 2024 12 14 9.826 1,000,000 1,000,000 38 2016

董事報告 2016 1 1 2016 12 31 2015 6 15 6 2015 6 15 6 2015 6 15 6 2009 7 13 1 2015 6 15 6 2015 6 15 6 2015 6 15 6 2015 12 15 2024 12 14 2016 12 15 2024 12 14 2017 12 15 2024 12 14 2010 1 13 2019 1 12 2015 12 15 2024 12 14 2016 12 15 2024 12 14 2017 12 15 2024 12 14 9.826 10,000,000 10,000,000 9.826 10,000,000 10,000,000 9.826 10,000,000 10,000,000 2.82 3,000,000 3,000,000 9.826 1,000,000 1,000,000 9.826 1,000,000 1,000,000 9.826 1,000,000 1,000,000 132,000,000 132,000,000 2013 10 8 5 2013 10 8 5 2013 10 8 5 2015 6 15 6 2015 6 15 6 2015 6 15 6 2013 10 8 5 2013 10 8 5 2013 10 8 5 2015 6 15 6 2015 6 15 6 2015 6 15 6 2014 4 8 2023 4 7 2015 4 8 2023 4 7 2016 4 8 2023 4 7 2015 12 15 2024 12 14 2016 12 15 2024 12 14 2017 12 15 2024 12 14 2014 4 8 2023 4 7 2015 4 8 2023 4 7 2016 4 8 2023 4 7 2015 12 15 2024 12 14 2016 12 15 2024 12 14 2017 12 15 2024 12 14 22 67,000 67,000 22 67,000 67,000 22 66,000 66,000 9.826 20,000 20,000 9.826 20,000 20,000 9.826 20,000 20,000 22 67,000 67,000 22 67,000 67,000 22 66,000 66,000 9.826 20,000 20,000 9.826 20,000 20,000 9.826 20,000 20,000 520,000 520,000 2016 39

董事報告 2016 1 1 2016 12 31 * * * * * * 2009 7 13 1 2010 5 26 2 2013 10 8 5 2013 10 8 5 2013 10 8 5 2013 10 8 5 2013 10 8 5 2013 10 8 5 2013 10 8 5 2013 10 8 5 2015 6 15 6 2015 6 15 6 2015 6 15 6 2016 5 11 7 2016 5 11 7 2016 5 11 7 2010 1 13 2019 1 12 2010 11 26 2019 11 25 2014 4 8 2023 4 7 2014 10 8 2023 4 7 2015 4 8 2023 4 7 2015 10 8 2023 4 7 2016 4 8 2023 4 7 2016 10 8 2023 4 7 2017 10 8 2023 4 7 2018 10 8 2023 4 7 2015 12 15 2024 12 14 2016 12 15 2024 12 14 2017 12 15 2024 12 14 2016 11 11 2025 11 10 2017 11 11 2025 11 10 2018 11 11 2025 11 10 2.82 2,290,000 (450,000) 1,840,000 5.03 260,000 260,000 22 13,661,000 (285,000) 13,376,000 22 1,000,000 1,000,000 22 13,608,000 (282,000) 13,326,000 22 500,000 500,000 22 13,585,000 (273,000) 13,312,000 22 500,000 500,000 22 500,000 500,000 22 500,000 500,000 9.826 3,268,000 (109,000) 3,159,000 9.826 3,248,000 (96,000) 3,152,000 9.826 3,119,000 (93,000) 3,026,000 4.89 1,000,000 1,000,000 4.89 1,000,000 1,000,000 4.89 1,000,000 1,000,000 56,039,000 3,000,000 (450,000) (1,138,000) 57,451,000 * 40 2016

董事報告 2016 1 1 2016 12 31 2009 7 13 1 2013 10 8 5 2013 10 8 5 2013 10 8 5 2015 6 15 6 2015 6 15 6 2015 6 15 6 2010 1 13 2019 1 12 2014 4 8 2023 4 7 2015 4 8 2023 4 7 2016 4 8 2023 4 7 2015 12 15 2024 12 14 2016 12 15 2024 12 14 2017 12 15 2024 12 14 2.82 300,000 300,000 22 567,000 (200,000) 367,000 22 567,000 (200,000) 367,000 22 566,000 (200,000) 366,000 9.826 277,000 277,000 9.826 277,000 277,000 9.826 276,000 276,000 2,830,000 (600,000) 2,230,000 191,389,000 3,000,000 (450,000) (1,738,000) 192,201,000 1. 2009 7 1330,000,000 2010 1 13 2.85 2009 7 13166,700,000 146,700,000 2010 1 132019 1 12 1.25819 10,000,000 2011 1 132019 1 12 1.28888 10,000,000 2012 1 132019 1 12 1.31545 2. 2010 5 26 4.83 2.0178 3. 2010 8 31 7.49 2.8926 2016 41

董事報告 4. 2011 3 17 12.58 4.5320 5. 2013 10 847,460,00034%33% 2013 10 83,000,00034% 16.5% 21.95 2013 10 850,460,000 15,863,000 2014 4 82023 4 7 8.4299 1,000,000 2014 10 82023 4 7 8.5172 15,808,000 2015 4 82023 4 7 8.6397 500,000 2015 10 82023 4 7 8.7396 15,789,000 2016 4 82023 4 7 8.8327 500,000 2016 10 82023 4 7 8.8954 500,000 2017 10 82023 4 7 8.9801 500,000 2018 10 82023 4 7 8.9928 6. 2015 6 15126,725,00033.37%33.37% 33.26% 9.96 38,669,000 2015 12 152024 12 14 3.4670 38,669,000 2016 12 152024 12 14 3.4584 38,662,000 2017 12 152024 12 14 3.4210 3,342,000 2015 12 152024 12 14 3.3966 3,342,000 2016 12 152024 12 14 3.4052 3,211,000 2017 12 152024 12 14 3.3865 277,000 2015 12 152024 12 14 3.3966 277,000 2016 12 152024 12 14 3.4052 276,000 2017 12 152024 12 14 3.3865 7. 2016 5 113,000,00033.34%33.33% 33.33% 4.85 2016 5 113,000,000 1,000,000 2016 11 112025 11 10 1.6434 1,000,000 2017 11 112025 11 10 1.6497 1,000,000 2018 11 112025 11 10 1.6439 8. 4.72 42 2016

董事報告 24309 95 2017 2017 96(a) 2017 2017 4 25 3.13 2016 43

董事報告 Pyne, Jonathan Charles Taing Kykhieng 2017 44 2016

董事報告 (i) (ii) 2016 2008 6 18 2008 6 18 2020 3 31 48 2008 6 262009 6 162009 9 112010 12 302014 1 62017 1 26 2016 45

董事報告 2016 2014 1 6 2014 1 1 2016 12 31 (i) (ii) (iii) (iv) (v) 48 2017 1 26 2017 1 1 2019 12 31 2014 1 6 2017 1 1 20172019 48 2014 1 62017 1 26 46 2016

董事報告 2016 2008 6 18 2002 4 1 48 2008 6 26 2010 12 302014 1 62017 1 26 20112016 2016 47

董事報告 2016 12 31 2016 12 31 2017 12 31 2018 12 31 2019 12 31 1 274.7 327 307 307 307 2 (i) 32.3 203 80 92 106 (ii) 2017 1 1 27.0 121 60 69 79 (iii) 137.6 257 170 206 236 (iv) (v) 3 1.2 85 79 79 79 1. 2013 11 201420152016 12 31 3.07 3.273.27(i) (ii) 2016 12 31(iii) (iv) 2016 12 31 2017 1 201720182019 12 31 3.07(i) (ii)2019 12 31 (iii) (iv)2019 12 31 48 2016

董事報告 2. 2014 1201420152016 12 31 (i) (ii)(iii)(iv) 2017 1201720182019 12 31 (i) (ii)(iii)(iv) 3. 2013 11 201420152016 12 31 8,500 2017 1 201720182019 12 31 7,900 2016 49

董事報告 51% 50% 2016 2013 12 6 2014 1 1 2016 12 31 51 2013 12 6 50 2016

董事報告 2016 12 31 2016 12 31 37.8 70.0 (i)(ii) (iii) (iv) 2016 12 2017 1 12019 12 31 A 2016 51

董事報告 Netlink Capital Limited Netlink 97.3% Netlink 97.3%Netlink Netlink 2016 2012 11 18 2014 1 1 2016 12 31 Netlink 1,030 1,000 54 Netlink8,240 8,000 Netlink 2012 11 18 2016 53

董事報告 2016 12 31 2016 12 31 126 (i)(ii) 5% Netlink2017 1 12019 12 31 2016 12 14 54 2016

董事報告 2016 2013 11 22 2014 1 1 2016 12 31 56 2016 12 14 2017 1 1 2019 12 31 2013 11 22 20172019 56 2013 11 222016 12 14 2016 55

董事報告 2016 12 31 2016 12 31 2017 12 31 2018 12 31 2019 12 31 162.8 180 184 184 150 20142016 (i)(ii) (iii)(iv) 10% 20172019 (i) 2013 11 22 (ii) 2013 11 22(iii) (iv)(v) 2016 12 14 10% 56 2016

董事報告 A 14A.56 740 2016 (1) (2) (3) (4) 2013 11 222013 12 62014 1 6 (1) (2) (3) 2017 2 28 2008 6 18 2016 12 31120 2016 57

董事報告 4040(b) 40(i) A A 2016 12 31 306,382,18719.85% 342 58 2016

董事報告 2016 12 31XV 352 2 5,000,000 1 0.09% 6,000,000 0.11% 500,000 0.01% 500,000 0.01% 1 500,000 500,000 0.02% 100,000 0.002% 1,000,000 0.02% 1 100,000 1,000,000 0.022% 200,000 0.004% 500,000 0.01% 1 200,000 500,000 0.014% 500,000 0.01% 1,000,000 0.02% 1 500,000 1,000,000 0.03% 153,327,922 2.71% 35,000,000 0.62% 1 153,327,922 35,000,000 3.33% 2016 59

董事報告 2 118,452,922 2.09% 32,000,000 0.57% 1 118,452,922 32,000,000 2.66% 18,107,500 0.32% 6,000,000 0.11% 1 18,107,500 6,000,000 0.43% 9,000,000 1 0.16% 457,950,000 8.10% 30,000,000 0.53% 457,950,000 30,000,000 8.63% 3,000,000 0.05% 6,000,000 0.11% 1 3,000,000 6,000,000 0.16% 1. 2. 2016 12 31 5,657,179,293 60 2016

董事報告 100 100 0.12% 637 5,215 5,852 6.86% 1,004 1,004 1.18% B 300,000 10.00% 2016 61

董事報告 2016 12 31 XV78 XV 352 2016 12 31XV 336 2 1 3,062,059,500 54.13% 457,950,000 30,000,000 8.63% 1. Bounty Rich Holdings LimitedKonrad Investments Limited12,072,000 2. 2016 12 31 5,657,179,293 2016 12 31 336 622 62 2016

董事報告 2008 6 18(i) (ii) 2017 2 28 2008 2017 2 282011 8 15 2007 11 20 2011 8 2016 63

董事報告 2016 12 31 2017 2016 12 31 2017 2 28 64 2016

企業管治報告企業管治 2016 12 31A.2.7 E.1.2 20162016 6 16 2016 公司 2016 12 31 公司有澳門博彩控股有限公司 2016 65

企業管治報告 121 3 7 1 42 58.3% 8.3% 33.4%4 1. 1280 2. 33.10(1) 3. 3.10(2) 4. 1/33.10A 66 2016

企業管治報告 2013 2430 12 10 8 6 4 2 0 2016 67

企業管治報告 1 9 10 68 2016

企業管治報告 (i) (ii) 10% 2017 6 132017 95 2017 96(a)2017 2017 4 25 2016 69

企業管治報告 (i) (ii) (a) (b) 2016 (i) (ii) (iii) 3.13 70 2016

企業管治報告 14 2016 71

企業管治報告 2016 72 2016

企業管治報告 2016 12 31 2016 2016 0/4 0/1 4/4 1/1 1/1 1/1 4/4 1/1 4/4 1/1 1/4 1/1 4/4 1/1 1/1 1/1 4/4 1/1 1/1 3/4 0/1 4/4 6/6 1/1 1/1 1/1 4/4 6/6 1/1 1/1 1/1 4/4 6/6 1/1 1/1 1/1 4/4 6/6 1/1 1/1 1/1 94(L) 2016 73

企業管治報告 2008 6 4 100% 2 (a) (b) 74 2016

企業管治報告 2016 73 2016 2015 12 31 2016 6 30 2016 3 312016 9 30 2017 2016 75

企業管治報告 2008 6 6 67% 1 B.1.2(c)(i) 76 2016

企業管治報告 2016 2016 2016 2015 2016 2015 2017 22017 73 2016 6 16 2017 9 37 2016 77

企業管治報告 2008 6 7 57% 1 78 2016

企業管治報告 2016 2016 20172017 4 25 2017 2 2017 2017 4 25 73 D.3.1 2012 2016 79

企業管治報告 2016 2016 80 2016

企業管治報告 2016 1 12016 12 31 815 2010 3 319 30 2016 81

企業管治報告 97102 20162015 2016 2015 9.2 9.2 3.5 3.5 0.6 0.6 0.1 0.1 1.2 0.7 5.2 4.7 0.1 0.2 0.1 19.9 19.1 (i) (ii)(iii)(iv) (v) 82 2016

企業管治報告 (i) (ii) (iii) (iv)(v) (i)(ii)(iii) (iv)(v) 2016 12 31 2016 83

企業管治報告 2016 20 201615 49 566 566 5% 1 30 3001 3006ir@sjmholdings.com comsec@sjmholdings.com 84 2016

企業管治報告 20 10 1 30 3001 3006ir@sjmholdings.com 2016 6 162 30168 200 1 (i)2015 12 31(ii) (iii) (iv)(v) (vi) 2017 6 http://www.sjmholdings.com 2016 85

企業管治報告 2017 2 28 86 2016

環境社會及管治報告 2016 1 112 31 環境社會及管治報告環境社會及管治環境社會及管治 A. A1 A2 A3 B. B1 B2 B3 B4 B5 B6 B7 B8 澳門博彩控股有限公司 2016 87

環境社會及管治報告 A. A1 2015 http://www.carbon-footprint.hk 18,523.61 562,403.84 88 2016

環境社會及管治報告 A. A2 26,677.39 72.24 24,371.00 64.57 1,162,421.00 3,507.02 83,177,880.00 62,542.00 1,000 60% LED 25% 2016 89

環境社會及管治報告 A. A2 2016 775,168 A3 42277 15 90 2016

環境社會及管治報告 A. A3 2016 11 2930 B. B1 2016 91

環境社會及管治報告 B. B1 2016 12 31 9,050 10,676 17,121 2,605 19,726 19,726 18 30 3,101 31 40 5,669 41 50 5,754 51 60 4,767 >=61 435 67 19,659 0 19,726 19,726 B2 92 2016

環境社會及管治報告 B. B3 18.28% 31.63 27.49% 18.31 24.22% 24.31 13.54% 1.32 2016 93

環境社會及管治報告 B. B4 21 21 B5 1,346 3,185 363 4,894 94 2016

環境社會及管治報告 B. B6 B7 2016 95

環境社會及管治報告 B. B8 2017 2 28 96 2016

獨立核數師報告澳門博彩控股有限公司 103 179 2016 12 31 2016 12 31 澳門博彩控股有限公司 2016 97

獨立核數師報告 4 22 2016 12 31 10.27 98 2016

獨立核數師報告 13 2016 12 3165.06 2016 12 31 17% 3.6 16 2016 12 31 2016 99

獨立核數師報告 405 100 2016

獨立核數師報告 2016 101

獨立核數師報告 2017 2 28 102 2016

綜合損益及其他全面收益表 2016 12 31 2016 2015 5(a) 41,798.4 48,863.7 6 41,272.5 48,282.3 (16,068.5) (18,819.9) 25,204.0 29,462.4 525.9 581.4 (241.4) (249.0) 239.0 19.4 (15,022.7) (18,147.8) (8,367.6) (9,196.0) 7 (44.9) (51.9) 17 49.1 64.7 18 6.9 7.0 8 2,348.3 2,490.2 10 (33.8) (38.3) 2,314.5 2,451.9 117.1 (397.2) 250.0 117.1 (147.2) 2,431.6 2,304.7 2,326.5 2,465.0 (12.0) (13.1) 2,314.5 2,451.9 2,443.6 2,317.8 (12.0) (13.1) 2,431.6 2,304.7 12 41.1 43.6 12 41.1 43.5 2016 103

綜合財務狀況表 2016 12 31 2016 2015 13 19,851.4 14,054.4 14 2,522.2 2,634.5 15 1.6 7.9 16 281.6 281.3 17 172.8 109.8 18 115.1 108.2 19 328.3 211.2 20 286.3 346.2 21 145.6 424.1 23,704.9 18,177.6 68.5 63.0 22 1,480.7 1,658.2 23 78.1 61.4 21 262.2 80.9 24 3,650.2 6,441.7 24 9,510.4 10,371.9 15,050.1 18,677.1 25 11,633.4 10,730.3 27 178.4 343.9 83.0 59.7 28 539.1 158.4 29 293.3 5.0 12,727.2 11,297.3 2,322.9 7,379.8 26,027.8 25,557.4 104 2016

綜合財務狀況表 2016 12 31 2016 2015 25 832.5 603.6 27 178.4 28 554.4 29 273.1 630.0 30 81.0 111.6 1,186.6 2,078.0 24,841.2 23,479.4 31 11,237.6 11,235.7 13,515.2 12,090.2 24,752.8 23,325.9 88.4 153.5 24,841.2 23,479.4 103 179 2017 2 28 2016 105

綜合權益變動表 2016 12 31 2015 1 1 11,231.9 376.5 128.4 13,027.2 24,764.0 98.3 24,862.3 2,465.0 2,465.0 (13.1) 2,451.9 (147.2) (147.2) (147.2) (147.2) 2,465.0 2,317.8 (13.1) 2,304.7 3.8 (1.2) 2.6 2.6 314.3 314.3 314.3 (7.8) 7.8 68.3 68.3 11 (4,072.8) (4,072.8) (4,072.8) 3.8 305.3 (4,065.0) (3,755.9) 68.3 (3,687.6) 2015 12 31 11,235.7 681.8 (18.8) 11,427.2 23,325.9 153.5 23,479.4 2,326.5 2,326.5 (12.0) 2,314.5 117.1 117.1 117.1 117.1 2,326.5 2,443.6 (12.0) 2,431.6 1.9 (0.6) 1.3 1.3 170.0 170.0 170.0 (12.5) 12.5 (53.1) (53.1) 11 (1,188.0) (1,188.0) (1,188.0) 1.9 156.9 (1,175.5) (1,016.7) (53.1) (1,069.8) 2016 12 31 11,237.6 838.7 98.3 12,578.2 24,752.8 88.4 24,841.2 106 2016

綜合現金流量表 2016 12 31 2016 2015 2,348.3 2,490.2 (140.8) (254.1) 20.6 26.8 24.3 25.1 (3.6) (4.0) (49.1) (64.7) (6.9) (7.0) 1,064.7 1,094.7 0.7 3.6 42.5 42.5 6.3 6.3 250.0 2.8 49.7 (16.7) 17.2 169.9 314.1 12.6 22.8 3,498.4 3,990.4 (5.5) 163.3 346.1 358.6 (3,886.8) 4,014.8 449.7 (41.1) (41.1) 3,973.7 408.6 2016 107

綜合現金流量表 2016 12 31 2016 2015 152.2 294.0 3.6 4.0 (5,964.9) (3,024.8) 6.3 10.9 (343.9) (327.3) (31.0) (65.4) (0.8) 0.9 (0.1) 3.0 9.0 14,955.5 24,966.8 (12,164.0) (17,148.7) 86.4 94.3 (9.0) (11.8) (0.3) (3,306.1) 4,801.0 (42.4) (65.4) (1,188.0) (4,072.8) 1.3 2.6 (154.0) (253.9) (146.0) 5.0 (1,529.1) (4,384.5) (861.5) 825.1 1 1 10,371.9 9,546.8 12 31 9,510.4 10,371.9 9,510.4 10,371.9 108 2016

綜合財務報表附註 2016 12 31 2016 12 31 2016 2015 0.5 0.9 42 4,359.3 4,359.3 4,359.8 4,360.2 8.9 18.8 43 10,903.1 7,086.9 1,915.4 4,398.4 2,035.8 2,682.5 14,863.2 14,186.6 8.8 5.9 43 291.6 291.6 300.4 297.5 14,562.8 13,889.1 18,922.6 18,249.3 31 11,237.6 11,235.7 33 7,685.0 7,013.6 18,922.6 18,249.3 2017 2 28 2016 109

綜合財務報表附註 2016 12 31 1. 2. 11 1 16 38 16 41 10 12 28 20122014 110 2016

綜合財務報表附註 2016 12 31 2. 9 1 15 1 16 2 2 1 4 4 9 1 10 28 3 7 4 12 4 1 2 3 4 2018 1 1 2019 1 1 2017 1 1 9 9 2016 111

綜合財務報表附註 2016 12 31 2. 9 9 9 9 9 39 939 39 9 2016 12 319 112 2016

綜合財務報表附註 2016 12 31 2. 15 15 15 18 11 15 1 2 3 4 5 15 15 15 201615 15 16 16 1617 16 2016 113

綜合財務報表附註 2016 12 31 2. 16 16 17 16 1617 16 2016 12 31 358.132015 7.0216 16 2 (a) (b) 114 2016

綜合財務報表附註 2016 12 31 2. 2 (c) (i) (ii) (iii) 2 10 28 1028 10 28 7 (i)(ii)(iii) (iv)(v) 2016 115

綜合財務報表附註 2016 12 31 2. 7 2017 1 1 7 3. 217 2 36 116 2016

綜合財務報表附註 2016 12 31 3. 123 1 21 3 3.1 (a) (b) (c) 3.2 2016 117

綜合財務報表附註 2016 12 31 3. 3.3 39 36 36 118 2016

綜合財務報表附註 2016 12 31 3. 3.4 39 36 36 2016 119

綜合財務報表附註 2016 12 31 3. 3.5 奬 3.6 2540 312 120 2016

綜合財務報表附註 2016 12 31 3. 3.6 25% 7.6% 50% 25% 20% 3.3% 16.7% 3.7 3.8 3.9 2016 121

綜合財務報表附註 2016 12 31 3. 3.10 3.11 3.12 3.13 (a) 122 2016

綜合財務報表附註 2016 12 31 3. 3.13 (a) (i) (ii) (iii) (iv) 2016 123

綜合財務報表附註 2016 12 31 3. 3.13 (a) (iv) (v) 124 2016

綜合財務報表附註 2016 12 31 3. 3.13 (a) (v) (b) (i) 2016 125

綜合財務報表附註 2016 12 31 3. 3.13 (b) (ii) (iii) (iv) (i) (ii) 37 (c) 126 2016

綜合財務報表附註 2016 12 31 3. 3.14 3.15 2016 127

綜合財務報表附註 2016 12 31 3. 3.15 3.16 3.17 128 2016

綜合財務報表附註 2016 12 31 3. 3.18 (a) (b) 3.19 3.20 2016 129

綜合財務報表附註 2016 12 31 4. 2015 2015 2015 2015 2015 2015 2015 2016 12 31 201510.27 201511.751.3320151.33 29(i)2016 12 31 5.6020156.30 2016 12 31 1.7320151.10 1.1520151.08 3,43020153,430 130 2016

綜合財務報表附註 2016 12 31 5. (i) (ii) 8 (a) 2016 2015 2016 2015 41,272.5 48,282.3 2,626.7 2,924.4 525.9 581.4 261.7 260.0 787.6 841.4 (305.4) (294.0) (261.7) (260.0) 525.9 581.4 41,798.4 48,863.7 2,321.3 2,630.4 79.9 174.9 (125.6) (119.6) (250.0) 16.7 (17.2) 49.1 64.7 6.9 7.0 2,348.3 2,490.2 3 2016 131

綜合財務報表附註 2016 12 31 5. (b) 2016 2015 14,804.5 14,542.1 4,507.6 5,188.3 19,312.1 19,730.4 172.8 109.8 115.1 108.2 4,001.3 7,152.0 15,153.7 9,754.3 38,755.0 36,854.7 238.7 315.6 300.4 397.2 539.1 712.8 10,727.4 10,486.4 279.2 320.5 11,006.6 10,806.9 11,545.7 11,519.7 2,368.1 1,855.6 13,913.8 13,375.3 (i) 132 2016

綜合財務報表附註 2016 12 31 5. (b) (ii) (iii) (iv) (i) (ii) (c) 2016 2015 1,396.6 573.1 46.7 142.2 * 5,423.9 3,057.7 6,867.2 3,773.0 * 593.1 639.0 464.2 455.5 13.7 6.5 1,071.0 1,101.0 0.9 (3.8) 7.4 (0.2) 0.7 3.6 154.0 298.4 15.9 15.7 169.9 314.1 2016 133

綜合財務報表附註 2016 12 31 6. 2016 2015 19,933.8 25,063.9 20,437.5 22,385.4 1,066.7 1,140.2 41,438.0 48,589.5 (165.5) (307.2) 41,272.5 48,282.3 7. 2016 2015 20.6 26.8 19.7 36.4 24.3 25.1 64.6 88.3 (19.7) (36.4) 44.9 51.9 2016 135

綜合財務報表附註 2016 12 31 8. 2016 2015 9 238.3 311.9 (7.8) 230.5 311.9 206.3 215.5 (27.0) (21.7) 179.3 193.8 29.7 95.6 5,657.4 5,926.8 5,687.1 6,022.4 6,096.9 6,528.1 45.0 45.0 360.2 374.4 405.2 419.4 2.8 49.7 6.3 6.3 13.4 13.4 1,064.7 1,094.7 250.0 12.6 22.8 0.7 3.6 17.2 1.3 1.7 139.6 254.1 1.2 140.8 254.1 3.6 4.0 16.7 2015 12 311.434,970 9,280 136 2016

綜合財務報表附註 2016 12 31 9. 2016 2015 (a)(b)(c) (a)(b)(c) 1.0 0.3 1.3 1.0 0.3 1.3 2.1 0.5 2.6 1.6 0.4 2.0 0.5 0.1 0.6 0.5 0.1 0.6 0.5 0.1 0.6 0.5 0.1 0.6 1.5 0.4 1.9 1.0 0.2 1.2 1.6 0.4 2.0 1.1 0.2 1.3 1.5 0.4 1.9 1.0 0.2 1.2 0.5 0.1 0.6 0.5 0.1 0.6 0.7 0.2 0.6 1.5 0.6 0.2 0.9 1.7 0.7 0.2 0.6 1.5 0.6 0.2 0.9 1.7 1.9 0.5 0.6 3.0 1.3 0.3 0.9 2.5 1.8 0.5 2.3 1.2 0.3 1.5 14.3 3.7 1.8 19.8 10.9 2.6 2.7 16.2 23.3 5.8 2.4 5.9 37.4 23.3 5.8 2.4 9.1 40.6 11.4 2.9 1.2 41.6 57.1 11.4 2.8 1.2 63.9 79.3 10.4 2.6 1.2 38.0 52.2 10.4 2.7 1.2 58.4 72.7 2.5 0.7 0.3 3.6 7.1 2.5 0.6 0.4 5.5 9.0 0.4 0.1 0.3 3.6 4.4 0.4 0.1 0.4 5.5 6.4 8.6 2.3 2.2 35.7 48.8 8.6 2.2 2.4 54.8 68.0 0.4 0.1 0.4 3.6 4.5 0.4 0.1 0.4 5.5 6.4 0.4 0.1 0.4 4.5 5.4 0.4 0.1 0.4 10.5 11.4 1.0 0.6 1.6 1.0 0.9 1.9 57.4 14.6 9.4 137.1 218.5 57.4 14.4 9.8 214.1 295.7 2016 137

綜合財務報表附註 2016 12 31 9. 2016 2015 (a)(b)(c) (a)(b)(c) 24.3 6.1 2.4 5.9 38.7 24.3 6.1 2.4 9.1 41.9 13.5 3.4 1.2 41.6 59.7 13.0 3.2 1.2 63.9 81.3 10.9 2.7 1.2 38.0 52.8 10.9 2.8 1.2 58.4 73.3 3.0 0.8 0.3 3.6 7.7 3.0 0.7 0.4 5.5 9.6 1.9 0.5 0.3 3.6 6.3 1.4 0.3 0.4 5.5 7.6 10.2 2.7 2.2 35.7 50.6 9.7 2.4 2.4 54.8 69.3 1.9 0.5 0.4 3.6 6.4 1.4 0.3 0.4 5.5 7.6 0.9 0.2 0.4 4.5 6.0 0.9 0.2 0.4 10.5 12.0 0.7 0.2 0.6 1.5 0.6 0.2 0.9 1.7 0.7 0.2 0.6 1.5 0.6 0.2 0.9 1.7 1.9 0.5 0.6 3.0 1.3 0.3 0.9 2.5 1.8 0.5 1.0 0.6 3.9 1.2 0.3 1.0 0.9 3.4 71.7 18.3 9.4 138.9 238.3 68.3 17.0 9.8 216.8 311.9 (a) (b) (c) 138 2016

綜合財務報表附註 2016 12 31 9. 2015 2016 2015 6.3 6.3 4.7 25.3 11.0 31.6 2016 139

綜合財務報表附註 2016 12 31 10. 2016 2015 64.4 59.7 (30.6) (21.4) 33.8 38.3 2011 11 232016 9 2720122016 20172020 2012 8 10 2012 20164,2304,110 4,11020154,110 12% 2016 2015 2,348.3 2,490.2 12% 281.8 298.8 (329.4) (370.6) (6.7) (8.6) (2.8) (12.0) 22.2 53.0 27.6 36.8 (0.2) 41.1 41.1 33.8 38.3 140 2016

綜合財務報表附註 2016 12 31 11. 2016 2015 20166 339.5 201510 565.6 201515 848.5 201462 3,507.2 1,188.0 4,072.8 2017 2 2818 10.18 5,657,179,293 12. 2016 2015 2,326.5 2,465.0 2016 2015 5,656,977,654 5,656,504,361 2,526,118 4,455,733 5,659,503,772 5,660,960,094 2016 141

綜合財務報表附註 2016 12 31 13. 2015 1 1 4,929.3 455.6 5,611.0 654.5 2,929.5 40.7 289.4 4,540.7 19,450.7 7.0 5.6 257.7 60.1 65.2 6.3 3,330.3 3,732.2 (38.4) (56.3) (51.3) (3.3) (3.3) (152.6) 2015 12 31 4,936.3 461.2 5,830.3 658.3 2,943.4 43.7 286.1 7,871.0 23,030.3 5.4 175.8 104.9 87.5 2.0 6,505.7 6,881.3 (2.1) (45.5) (35.6) (43.0) (1.4) (127.6) 293.7 746.4 (1,040.1) 2016 12 31 4,941.7 459.1 6,254.3 727.6 3,734.3 44.3 286.1 13,336.6 29,784.0 2015 1 1 1,502.3 435.0 3,486.4 525.2 2,019.9 23.3 27.2 8,019.3 237.3 12.8 479.2 48.5 297.6 5.9 13.4 1,094.7 (33.6) (56.2) (46.2) (1.4) (0.7) (138.1) 2015 12 31 1,739.6 447.8 3,932.0 517.5 2,271.3 27.8 39.9 8,975.9 237.3 9.0 490.0 61.3 248.5 5.5 13.1 1,064.7 (2.1) (40.6) (35.6) (40.9) (1.4) (120.6) 11.3 1.2 0.1 12.6 2016 12 31 1,976.9 454.7 4,392.7 543.2 2,480.1 32.0 53.0 9,932.6 2016 12 31 2,964.8 4.4 1,861.6 184.4 1,254.2 12.3 233.1 13,336.6 19,851.4 2015 12 31 3,196.7 13.4 1,898.3 140.8 672.1 15.9 246.2 7,871.0 14,054.4 2016 12 31 26.04 201518.062020 2016 12 312.3920152.04 102015201.42 20151.449,16014 20159,030 142 2016

綜合財務報表附註 2016 12 31 14. 2016 2015 1 1 2,634.5 2,728.9 7 19.7 36.4 (42.5) (42.5) (89.5) (88.3) 12 31 2,522.2 2,634.5 2012 25 20.88 2013 5%2012 10 19 2013 5 15 15. 6,32020156,32010 2017 16. 2016 143

綜合財務報表附註 2016 12 31 17. 2016 2015 25.0 25.0 6.8 6.8 141.0 78.0 172.8 109.8 49% 2016 2015 1,199.8 1,485.3 90.9 84.2 (1,655.3) (1,647.5) 2,024.6 1,593.7 (287.2) 26.6 * 2016 2015 1 1 291.2 185.8 415.9 105.4 12 31 707.1 291.2 * 144 2016

綜合財務報表附註 2016 12 31 17. 2016 2015 (364.6) (78.0) 707.1 291.2 342.5 213.2 49% 49% 167.8 104.5 5.0 5.3 172.8 109.8 2016 2015 (287.2) 26.6 415.9 105.4 (28.4) 100.3 132.0 49% 49% 49.1 64.7 2016 145

綜合財務報表附註 2016 12 31 18. 2016 2015 39.7 39.7 75.4 68.5 115.1 108.2 49% 3,43020153,430 2016 2015 173.3 158.5 28.8 29.7 (37.3) (37.4) 14.4 14.4 14.0 14.3 0.9 0.9 1.9 2.0 146 2016

綜合財務報表附註 2016 12 31 18. 2016 2015 164.8 150.8 49% 49% 80.8 73.9 34.3 34.3 115.1 108.2 19. 2015 12 31 2.502015 12 31 20. 2016 2015 120.5 177.4 88.4 88.4 14.4 14.4 63.0 66.0 286.3 346.2 2016 12 3112 2016 147

綜合財務報表附註 2016 12 31 21. 2016 2015 (a) 145.6 145.6 (b) 278.5 145.6 424.1 (b) 260.9 79.6 1.3 1.3 262.2 80.9 407.8 505.0 (a) (b) 2007 4 1 1802020 3 312.91 2.6120157,960 12 2016 12 31 0.90% 2.75% 20151.20% 2.75% 148 2016

綜合財務報表附註 2016 12 31 22. 2016 2015 2015 425.3 646.9 601.4 528.1 164.5 183.9 289.5 299.3 1,480.7 1,658.2 2015 152016 12 312015 2015 2015 2016 2015 0 30 425.3 646.9 2016 149

綜合財務報表附註 2016 12 31 22. 2016 2015 1 1 132.5 82.8 2.8 49.7 (2.8) 12 31 132.5 132.5 1.33 20151.332015 2016 2015 A 48.6 24.3 2.8 1.4 174.4 209.7 225.8 235.4 150 2016

綜合財務報表附註 2016 12 31 23. 24. 2016 12 310.75% 1.75% 20150.53% 2.00% 36 201536 12 2016 12 310.01% 1.55% 20150.01% 1.45% 25. 2016 2015 1,239.1 1,309.5 1,282.0 1,402.8 4,419.1 4,403.4 1,457.8 1,280.9 96.7 86.6 1,975.6 1,210.1 1,319.2 1,045.6 247.3 187.7 17.0 17.1 412.1 390.2 12,465.9 11,333.9 (832.5) (603.6) 11,633.4 10,730.3 2016 151

綜合財務報表附註 2016 12 31 25. 2016 2015 0 30 1,213.4 1,298.7 31 60 16.9 7.0 61 90 4.4 1.9 90 4.4 1.9 1,239.1 1,309.5 90 2016 2015 A 179.8 173.1 333.0 297.7 310.3 396.8 823.1 867.6 152 2016

綜合財務報表附註 2016 12 31 26. 41 2016 12 312015 12 31 27. 2016 12 311.782015 12 315.223.44 1.7814 12 28. 2016 2015 539.1 158.4 554.4 539.1 712.8 (539.1) (158.4) 554.4 2016 12 313 2.75% 20152.75%3.77% 20153.14% 3.0%2.6020153.54 3 2016 12 317.5420158.83 6,270 20156,750 (i) (ii) (iii) 2.6120153.58 24201524 11.76 201511.76 2016 153

綜合財務報表附註 2016 12 31 28. (iv) (v) (vi) 3 (vii) 2016 12 31250 2017 29. (i) 5.6020156.30 2016 12 315.6020156.30 2,43020152,5103.51% 20154.1% 2016 12 316.1120157.58 2.87 2015 2.7320156.302016 12 31 2016 12 31 5,31020156,830 (ii) 6002015500 154 2016

綜合財務報表附註 2016 12 31 30. 2015 1 1 (140.3) 7.3 (133.0) 25.9 (4.5) 21.4 2015 12 31 (114.4) 2.8 (111.6) 22.5 8.1 30.6 2016 12 31 (91.9) 10.9 (81.0) 2016 12 31 8.4920157.79 2016 155

綜合財務報表附註 2016 12 31 31. 2015 1 1 5,655,929,293 11,231.9 800,000 3.8 2015 12 31 5,656,729,293 11,235.7 450,000 1.9 2016 12 31 5,657,179,293 11,237.6 2016 12 31 450,000 2015800,000 2.82 20152.825.11 450,000 2015600,000200,000 32. 2009 5 13 2019 5 13 28 1 (i)(ii) (iii) 10% 30% 156 2016

綜合財務報表附註 2016 12 31 32. 12 1% (a) 0.1%(b)500 2015 6 15 4.37126,700,000 9.826 280 2016 5 11 4903,000,000 4.89 1 2016 12 31 2015 1 1 2015 2015 2015 2015 12 31 2016 2016 2016 2016 12 31 2009 7 13 2009 7 13 2010 1 13 2.82 3,000,000 3,000,000 3,000,000 2010 1 12 2019 1 12 2010 8 31 2010 8 31 2011 2 28 7.48 3,000,000 3,000,000 3,000,000 2011 2 27 2020 2 27 2011 3 17 2011 3 17 2011 9 17 12.496 7,000,000 7,000,000 7,000,000 2011 9 16 2020 9 16 2013 10 8 2013 10 8 2014 4 8 22 1,000,000 1,000,000 1,000,000 2014 4 7 2023 4 7 2013 10 8 2013 10 8 2015 4 8 22 1,000,000 1,000,000 1,000,000 2015 4 7 2023 4 7 2013 10 8 2013 10 8 2016 4 8 22 1,000,000 1,000,000 1,000,000 2016 4 7 2023 4 7 2015 6 15 2015 6 15 2015 12 15 9.826 38,669,000 38,669,000 38,669,000 2015 12 14 2024 12 14 2015 6 15 2015 6 15 2016 12 15 9.826 38,669,000 38,669,000 38,669,000 2016 12 14 2024 12 14 2015 6 15 2015 6 15 2017 12 15 9.826 38,662,000 38,662,000 38,662,000 2017 12 14 2024 12 14 2016 157

綜合財務報表附註 2016 12 31 32. 2015 1 1 2015 2015 2015 2015 12 31 2016 2016 2016 2016 12 31 2009 7 13 2009 7 13 2010 1 13 2.82 2,890,000 (600,000) 2,290,000 (450,000) 1,840,000 2010 1 12 2019 1 12 2010 5 19 2010 5 19 2010 11 19 5.11 200,000 (200,000) 2010 11 18 2019 11 18 2010 5 26 2010 5 26 2010 11 26 5.03 260,000 260,000 260,000 2010 11 25 2019 11 25 2013 10 8 2013 10 8 2014 4 8 22 14,045,000 (250,000) 13,795,000 (285,000) 13,510,000 2014 4 7 2023 4 7 2013 10 8 2013 10 8 2014 10 8 22 1,000,000 1,000,000 1,000,000 2014 10 7 2023 4 7 2013 10 8 2013 10 8 2015 4 8 22 13,942,000 (200,000) 13,742,000 (282,000) 13,460,000 2015 4 7 2023 4 7 2013 10 8 2013 10 8 2015 10 8 22 500,000 500,000 500,000 2015 10 7 2023 4 7 2013 10 8 2013 10 8 2016 4 8 22 13,925,000 (208,000) 13,717,000 (273,000) 13,444,000 2016 4 7 2023 4 7 2013 10 8 2013 10 8 2016 10 8 22 500,000 500,000 500,000 2016 10 7 2023 4 7 2013 10 8 2013 10 8 2017 10 8 22 500,000 500,000 500,000 2017 10 7 2023 4 7 2013 10 8 2013 10 8 2018 10 8 22 500,000 500,000 500,000 2018 10 7 2023 4 7 2015 6 15 2015 6 15 2015 12 15 9.826 3,342,000 (34,000) 3,308,000 (109,000) 3,199,000 2015 12 14 2024 12 14 2015 6 15 2015 6 15 2016 12 15 9.826 3,342,000 (54,000) 3,288,000 (96,000) 3,192,000 2016 12 14 2024 12 14 2015 6 15 2015 6 15 2017 12 15 9.826 3,211,000 (52,000) 3,159,000 (93,000) 3,066,000 2017 12 14 2024 12 14 2016 5 11 2016 5 11 2016 11 11 4.89 1,000,000 1,000,000 2016 11 10 2025 11 10 2016 5 11 2016 5 11 2017 11 11 4.89 1,000,000 1,000,000 2017 11 10 2025 11 10 2016 5 11 2016 5 11 2018 11 11 4.89 1,000,000 1,000,000 2018 11 10 2025 11 10 2009 7 13 2009 7 13 2010 1 13 2.82 300,000 300,000 300,000 2010 1 12 2019 1 12 2013 10 8 2013 10 8 2014 4 8 22 734,000 (167,000) 567,000 (200,000) 367,000 2014 4 7 2023 4 7 2013 10 8 2013 10 8 2015 4 8 22 734,000 (167,000) 567,000 (200,000) 367,000 2015 4 7 2023 4 7 2013 10 8 2013 10 8 2016 4 8 22 566,000 566,000 (200,000) 366,000 2016 4 7 2023 4 7 2015 6 15 2015 6 15 2015 12 15 9.826 277,000 277,000 277,000 2015 12 14 2024 12 14 2015 6 15 2015 6 15 2016 12 15 9.826 277,000 277,000 277,000 2016 12 14 2024 12 14 2015 6 15 2015 6 15 2017 12 15 9.826 276,000 276,000 276,000 2017 12 14 2024 12 14 66,596,000 126,725,000 (800,000) (1,132,000) 191,389,000 3,000,000 (450,000) (1,738,000) 192,201,000 18.45 9.826 3.39 20.49 12.79 4.89 2.82 19.91 12.63 158 2016

綜合財務報表附註 2016 12 31 32. 4.78 20159.95 147,197,000 201590,275,000 Black-Scholes pricing model Binomial option pricing model 2009 7 13 2010 5 19 2010 5 26 2010 8 31 2011 3 17 2013 10 8 2015 6 15 2016 5 11 166,700,000 1,500,000 500,000 5,000,000 116,000,000 50,460,000 126,725,000 3,000,000 6 30 6 6 6 6 6 60 6 30 6 30 2.82 5.11 5.03 7.48 12.14 22 9.83 4.76 5 6 9.5 9.5 9.5 5 9.5 9.5 9.5 2.82 5.11 5.03 7.48 12.496 22 9.826 4.89 1.79 1.79 1.81 2 2.8 1.79 1.79 1.81 2 2.2 2.2 66.46% 56.77% 56.16% 49.56% 54.83% 47.55% 47.00% 47.13% 1.74 1.94% 2.47% 2.35% 1.89% 2.49% 2.03% 1.74% 1.67% 3.26% 1.76% 1.79% 1.87% 3.33% 3.182% 5.5% 5.25% 2008 7 20152015 20162015 2.2 20152.22.8 2016 12 311.70 20153.1410201520 2016 159

綜合財務報表附註 2016 12 31 33. 2015 1 1 376.5 5,503.7 5,880.2 (1.2) (1.2) 314.3 314.3 (7.8) 7.8 11 (4,072.8) (4,072.8) 4,893.1 4,893.1 2015 12 31 681.8 6,331.8 7,013.6 (0.6) (0.6) 170.0 170.0 (12.5) 12.5 11 (1,188.0) (1,188.0) 1,690.0 1,690.0 2016 12 31 838.7 6,846.3 7,685.0 17.48201548.54 34. 6,5102015 6,100 160 2016

綜合財務報表附註 2016 12 31 35. 2016 2015 2016 2015 4.6 4.6 222.6 265.7 39.0 35.7 371.4 213.9 175.4 182.3 219.0 222.6 594.0 479.6 1 13 25 2016 12 315.54 20153.97 2016 2015 186.1 207.6 368.2 189.3 554.3 396.9 2016 161

綜合財務報表附註 2016 12 31 36. 2016 2015 13,188.4 13,960.6 33.6 146.1 13,222.0 14,106.7 7,968.9 10,140.3 251.0 987.0 8,219.9 11,127.3 7.20 201524.18 2016 12 31360 2015300 37. 5% 1,500 2003 7 1 162 2016

綜合財務報表附註 2016 12 31 38. 39. (a) (b) 2016 2015 15,050.4 18,961.7 78.1 61.4 328.3 211.2 15,456.8 19,234.3 10,993.0 10,503.2 3 2016 163

綜合財務報表附註 2016 12 31 39. (c) 26 41 97% 201591% 41 2015 164 2016

綜合財務報表附註 2016 12 31 39. (d) 2015 2015 50 201550 2015 50201550 2016 2015 36.2 39.5 2016 165

綜合財務報表附註 2016 12 31 39. (e) 10% 201510% 2016 12 31 7802015 610 3,28020152,110 (f) 166 2016

綜合財務報表附註 2016 12 31 39. (f) 3 3 6 6 1 1 2016 12 31 1,228.9 5.5 4.7 1,239.1 1,239.1 4,419.1 4,419.1 4,419.1 2,307.0 72.0 838.6 833.3 4,050.9 4,050.9 3.51% 294.0 317.4 611.4 566.4 5.00% 182.9 182.9 178.4 (i) 3.40% 43.2 506.5 549.7 539.1 (ii) 87.3 87.3 4,506.4 3,579.1 1,060.9 843.3 1,150.7 11,140.4 10,993.0 2015 12 31 1,304.6 3.8 1.1 1,309.5 1,309.5 4,403.4 4,403.4 4,403.4 1,566.7 39.4 710.5 603.6 2,920.2 2,920.2 4.10% 5.0 758.4 763.4 635.0 5.00% 182.9 182.9 182.9 548.7 522.3 (i) 3.07% 45.4 45.1 89.4 566.7 746.6 712.8 (ii) 87.3 87.3 4,490.7 2,916.7 271.2 988.9 2,111.6 10,779.1 10,503.2 (i) (ii) 2016 167

綜合財務報表附註 2016 12 31 39. (g) 1 (h) 22 2016 12 31 577.7 (152.4) 425.3 (50.1) 375.2 2015 12 31 862.0 (215.1) 646.9 (111.8) 535.1 168 2016

綜合財務報表附註 2016 12 31 39. (h) 2016 12 31 395.8 (152.4) 243.4 (50.1) 193.3 2015 12 31 430.6 (215.1) 215.5 (111.8) 103.7 22 2016 169

綜合財務報表附註 2016 12 31 40. (a) A 2016 2015 A A 40(c) 274.7 294.4 40(d) 137.6 153.6 40(d) 32.3 77.6 40(d) 27.0 51.2 A 40(e) (f) 1.8 1.7 40(f) 24.4 23.7 40(d) (f) 29.2 29.7 40(d) (f) 14.3 18.3 40(d) (f) 0.1 40(d) (f) 17.6 18.1 40(f) 15.1 13.8 170 2016

綜合財務報表附註 2016 12 31 40. (a) 2016 2015 A A 40(g) 1,184.4 1,340.3 40(h) 37.8 43.5 40(i) 162.8 158.6 A 40(f) 36.7 30.4 40(j) 624.3 858.6 97.4 96.7 1.1 1.3 15.8 14.8 301.2 289.0 27.2 13.3 1,533.2 823.6 14.4 14.4 2016 171

綜合財務報表附註 2016 12 31 40. (b) (c) (d) 2002 2002 2002 4 1 2008 6 18 2016 12 31 120201580 2008 6 18 2020 3 31 40(a) 2008 6 18 2011 6 19 40(f) 2013 12 312014 1 6 2014 1 1 2017 1 262017 1 1 2017 1 1 40(f) 172 2016

綜合財務報表附註 2016 12 31 40. (e) 2008 6 18 (i) (ii) 2011 6 19 2013 12 3114A.98 40(a) (f) (g) (h) 14A.76(2) 14A.76(1)(a) 2010 2 192009 10 1 2020 3 3121 14A.07(4) 14A.12(2)(a) 50% 2011 6 24 2011 6 24 2013 12 31 2013 12 31 2013 12 6 2014 1 1 2016 12 31 2017 1 1 2016 173

綜合財務報表附註 2016 12 31 40. (i) (j) (k) 2013 11 22 2014 1 1 2016 12 312016 12 14 2017 1 1 40(a) 28 (i) (ii) (iii) (iv) 11.76 (i) (ii) (iii) 3 (l) 2007 11STDM Investments Limited (i) (ii) 2008 6 26 2011 82011 12 31 174 2016

綜合財務報表附註 2016 12 31 41. 2016 2015 67.3 1.9 67.3 1.9 20.0 20.0 42. 87.3 1.9 87.3 1.9 2016 2015 3,972.3 3,972.3 387.0 387.0 4,359.3 4,359.3 44 43. 12 2016 175

綜合財務報表附註 2016 12 31 44. (a) 2016 2015 25,000 100% 100% Brilliant Sky Investments Limited 1 100% 100% 25,000 100% 100% 1,000,000 100% 100% 1,000,000 100% 100% 1,000,000 100% 100% 1 100% 100% 1,000,000 100% 100% 1,000,000 100% 100% 176 2016

綜合財務報表附註 2016 12 31 44. (a) 2016 2015 100,000 100% 100% 25,000 51% 51% 50,000 51% 51% 25,000 51% 51% 10,000,000 51% 51% 1 100% 100% 25,000 100% 100% 2 100% 100% SJM 1,000,000 100% 100% 1 100% 100% 100% 100% A (a) (a) 270,000,000 B 30,000,000 1 100% 100% 2016 177

綜合財務報表附註 2016 12 31 44. (a) (a) AB90% 10% AA A B BBB 1100% (b) (c) (d) 2016 2015 3 3 1 1 4 4 1 1 15 15 4 4 1 1 5 4 1 1 26 25 31 30 178 2016

綜合財務報表附註 2016 12 31 44. (b) 2016 2015 2016 2015 2016 2015 49% 49% (11.9) (3.3) 94.9 159.9 2016 2015 645.8 601.9 1,092.5 1,575.7 (1,317.2) (329.0) (594.4) (1,893.5) (167.4) (41.4) (5.9) (3.5) 2016 2015 719.9 799.4 (725.8) (815.3) 3.5 (3.0) 5.9 0.5 299.6 340.7 85.3 77.0 (496.8) (308.6) (111.9) 109.1 2016 179

五年財務概要 12 31 2012 2013 2014 2015 2016 78,958.2 87,125.9 79,457.6 48,863.7 41,798.4 78,323.4 86,431.3 78,792.2 48,282.3 41,272.5 6,826.6 7,774.9 6,869.7 2,490.2 2,348.3 (74.9) (52.5) (88.3) (38.3) (33.8) 6,751.7 7,722.4 6,781.4 2,451.9 2,314.5 6,745.4 7,706.0 6,730.7 2,465.0 2,326.5 6.3 16.4 50.7 (13.1) (12.0) 6,751.7 7,722.4 6,781.4 2,451.9 2,314.5 12 31 2012 2013 2014 2015 2016 37,293.8 42,368.5 42,215.1 36,854.7 38,755.0 (17,379.8) (18,913.3) (17,352.8) (13,375.3) (13,913.8) 19,914.0 23,455.2 24,862.3 23,479.4 24,841.2 20122015 180 2016

公司資料 Pyne, Jonathan Charles 公司 1 30 3001 3006 (852)3960 8000 (852)3960 8111 http://www.sjmholdings.com ir@sjmholdings.com 資料 2008 7 16 880 0880.HK 880 HK 1,000 35 股 183 17 1712 1716 (852)2862 8555 (852)2865 0990 http://www.computershare.com.hk hkinfo@computershare.com.hk Herbert Smith Freehills Riquito Advogados 澳門博彩控股有限公司 2016 181

釋義 EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA 2008 6 18 2011 6 19 2013 12 31 2008 6 18 182 2016

釋義 2014 2 28 51% 2008 6 18 2008 6 18 2016 183

釋義 2011 6 19 2014 1 62017 1 262017 1 1 2009 5 13 571 sociedade anónima STDM Investments Limited2011 8 15 2016 12 31 % 184 2016

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