Annual Report 2019

094 Annual Report 2019 Miramar Hotel and Investment Company, Limited Report of the Directors Bank Loans and Other Borrowings Particulars of bank loans and other borrowings of the Company and the Group at 31 December 2019 are set out in note 19 to the financial statements. Particulars of Debt Securities, Convertible Securities or Options Issued by the Company and its Subsidiaries The Company and its subsidiaries have not issued, during the year ended 31 December 2019, any debt securities, convertible securities or options. Borrowing Cost Capitalisation No borrowing cost was capitalised by the Company and its subsidiaries during the year ended 31 December 2019 (2018: HK$Nil). Public Float As at the date of this report, the Company has maintained the prescribed public float under the Listing Rules, based on the information that is publicly available to the Company and within the knowledge of the directors. Group’s Five-Year Financial Summary A summary of the results and of the assets and liabilities of the Group for the last five financial years is set out on page 177. Group Properties Particulars of the major properties and property interests of the Group are shown on pages 178 to 179. Employees As at 31 December 2019, the Group had a total of about 1,535 full-time employees, including 1,507 employed in Hong Kong and 28 employed in The People’s Republic of China. The Group is the “Equal Opportunity Employer”; we value dedication and respect, and work hard to instill a sense of unity, ownership and professionalism for all of our employees that supports the achievement of the Group’s Mission, Vision and Business Strategies. It is the policy of the Group to remunerate employees in a fair and equitable manner. The Group develops a performance-driven culture and adopts Total Rewards Management for talent attraction, employee recognition and retention. The Group reviews its Remuneration and Benefits Program on a regular basis to ensure the programme is in compliance with the latest laws, in line with market practice and keeps up with market conditions and levels of remuneration.