Annual Report 2019

STATEMENT OF FINANCIAL POSITION HIGHLIGHTS ANNUAL REPORT 2019 9 HK$ million, unless otherwise stated As at 31 March 2015 2016 2017 2018 2019 CAGR Cash balance and investment securities 3,487 3,750 5,628 8,111 7,070 19.3% Current ratio 1.67 2.12 2.57 2.01 2.81 n/a Net gearing ratio (1) (%) 29.8 37.7 31.5 28.7 45.4 n/a Total assets 22,216 26,160 28,400 34,489 39,078 15.2% Adjusted net asset value attributable to shareholder (2) 17,263 20,872 24,146 28,564 31,251 16.0% Adjusted net asset value per share (2) (HK$) 9.02 9.79 10.79 12.41 13.29 10.2% Cash Balance and Investment Securities (HK$ million) 19.3% CAGR Current Ratio 2019 7,070 2017 5,628 2016 3,750 2015 3,487 2018 8,111 Financial Year 2019 2.81 2017 2.57 2016 2.12 2015 1.67 2018 2.01 Financial Year Net Gearing Ratio (1) Total Assets (HK$ million) 15.2% CAGR 2019 45.4% 2017 31.5% 2016 37.7% 2015 29.8% 2018 28.7% Financial Year 2019 39,078 2017 28,400 2016 26,160 2015 22,216 2018 34,489 Financial Year Adjusted Net Asset Value Attributable To Shareholders (2) (HK$ million) 16.0% CAGR Adjusted Net Asset Value Per Share (2) (HK cents) 10.2% CAGR 2019 31,251 2017 24,146 2016 20,872 2015 17,263 2018 28,564 Financial Year 2019 13.29 2017 10.79 2016 9.79 2015 9.02 2018 12.41 Financial Year Notes: (1) Net gearing ratio represents total bank loans, notes and bonds less investment securities, bank and cash balances divided by carrying amount of total equity and hotel revaluation surplus. (2) Adjusted for hotel revaluation surplus.