Annual Report 2019

DIRECTORS’ REPORT ANNUAL REPORT 2019 121 The Directors present their annual report and the audited financial statements of the Group for the year ended 31 March 2019. PRINCIPAL ACTIVITIES The Company acts as an investment holding company. Its Subsidiaries are engaged in property development and investment, hotel operations and management, car park operations and facilities management, gaming operations and management, and treasury management. These divisions are the basis on which the Group reports its primary segment information. PRINCIPAL SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES Details of the Company’s principal Subsidiaries, associates and joint ventures at 31 March 2019 are set out in notes 50, 19 and 20 to the consolidated financial statements, respectively. BUSINESS REVIEW The Group’s revenue is derived primarily from business activities conducted in Hong Kong, the PRC, Australia, Malaysia, Singapore, the UK and Europe. An analysis of the Group’s performance for the Year by operating segment is set out in note 6 to the consolidated financial statements. A fair review of the Group’s business, including the important events affecting the Group that have occurred since the end of the financial year and the likely future developments and an analysis of the Group’s performance using financial key performance indicators, is set out in the “Management Discussion and Analysis”, “Chairman and Chief Executive Officer’s Statement” and “Managing Director’s Report” of this Annual Report. Principal risks and uncertainties facing the Group are set out in the “Chairman and Chief Executive Officer’s Statement” and “Managing Director’s Report”. Details about the Group’s financial risk management are set out in note 5 to the consolidated financial statements. The Group is committed to support sustainability of the environment and endeavours to comply with laws and regulations regarding environmental protection and to adopt measurement to achieve efficient use of resources, energy saving and waste reduction. A discussion of the Group’s environmental policies and performance is set out in the “Environmental, Social and Governance Report”. The Group has complied with the relevant laws and regulations that have significant impact on the operations of the Group. The Group is committed to establishing a close and caring relationship with our employees, customers and suppliers and enhancing cooperation with our business partners. Details are set out in the “Environmental, Social and Governance Report”.