Page 84 - Hang Lung Group 2012 Annual Report

本集團於二零一二年十二月三十一日的資
本承擔總額為港幣三百四十八億七千一百
萬元，其主要為中國內地的發展項目以人
民幣計價的土地和建築成本。
截至二零一二年十二月三十一日止年度
內，集團根據中期票據計劃合共發行了總
額達港幣五十七億九千九百萬元的十年期
定息債券，票面利率每年介乎三點五五厘
至四點七五厘。發行債券所得款項主要用
於償還部分短期銀行貸款。
中期票據計劃是本集團長期財務管理策略
的一部分，藉以在銀行借貸以外增加另一
個債務融資渠道。把握現時債券市場的高
流動性和低利率等利好因素，集團透過發
Total capital commitments of the Group as at December 31, 2012
amounted to HK$34,871 million, which were mainly RMB denominated
land and construction costs in respect of projects under development
on the Mainland.
During the year ended December 31, 2012, the Group issued in total an
equivalent of HK$5,799 million 10-year fixed rate bonds with coupon
rates ranged from 3.55% to 4.75% per annum through the Medium
Term Note (MTN) Program. Proceeds from the bond issue were largely
used to repay some short-term bank borrowings.
The MTN Program is part of the Group’s long-term financial management
strategy to add an alternate source of debt financing to bank borrowings.
Leveraging on the prevailing favorable bond market conditions like high
liquidity and low interest rates, raising fixed rate and longer term debts
ϋ๐ܓл
Profit for the Year
26,000
24,000
6,000
4,000
12,000
10,000
8,000
16,000
14,000
20,000
22,000
18,000
2,000
0
$9,930
million
ಥ࿆ϵຬʩ
HK$ million
ਿ͉๐л
Underlying profit
يุࠠПԨϔৰ
჈ַ೼ධʿ
ڢછٰᛆूʘᅂᚤ
Effects of
revaluation, net of
deferred tax and
non-controlling
interests
ڢછٰᛆू
Non-controlling
interests
2008/
2009^
2009/
2010^
2010/
2011^
7-12/
2011*
2011# 2012
ӊٰ༟ପଋ࠽
Net Assets per Share
׵ɤɚ˜ɧɤɓ˚
At December 31
ಥ࿆
HK$
60
70
80
90
100
30
20
40
10
50
0
2008 2009 2010 2011 2012
$96.0
^ 截至六月三十日止財政年度
* 由於財政年度年結日由六月三十日更改為十二月三
十一日，此財政期涵蓋截至二零一一年十二月三十
一日止六個月
# 重列由二零一一年一月一日至二零一一年十二月
三十一日止十二個月
^ Financial years ended June 30
* 6-month period ended December 31, 2011, due to the change of financial year end
date from June 30 to December 31
# Restated to 12-month period covering from January 1, 2011 to December 31, 2011
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