Annual Report 2016
139
Financial Section
6 Revenues and Segment Information
(continued)
Property
development
Property
investment
Service
Infra-
structure
Hotel
operations
Department
stores
Others Consolidated
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
HK$m
(note (d))
(note (e))
2016
Total revenues
28,721.3
2,695.6
28,450.9
2,444.0
1,771.1
3,552.5
982.7
68,618.1
Inter-segment
(193.4)
(203.3)
(8,547.4)
–
(8.8)
(2.3)
(92.9)
(9,048.1)
Revenues — external
28,527.9
2,492.3
19,903.5
2,444.0
1,762.3
3,550.2
889.8
59,570.0
Segment results
7,215.3
1,408.2
976.3
1,092.5
(116.5)
205.0
342.5
11,123.3
Other gains, net
6,711.9
0.6
101.4
(331.9)
1,341.3
(106.9)
(1,262.3)
6,454.1
Changes in fair value of investment properties
–
(1,109.3)
1,416.6
–
–
–
–
307.3
Unallocated corporate expenses
(1,301.4)
Operating profit
16,583.3
Financing income
1,399.0
Financing costs
(1,935.7)
16,046.6
Share of results of
Joint ventures (note (a))
(85.9)
385.3
58.3
1,526.0
(86.8)
–
(118.5)
1,678.4
Associated companies (note (b))
242.4
20.3
106.9
603.3
–
–
9.2
982.1
Profit before taxation
18,707.1
Taxation
(6,423.7)
Profit for the year
12,283.4
Segment assets
109,285.1
89,474.0
15,318.7
14,569.6
14,613.8
5,599.9
17,881.1
266,742.2
Interests in joint ventures
13,178.9
11,772.6
5,127.8
12,605.9
5,934.3
–
1,733.5
50,353.0
Interests in associated companies
994.5
2,790.4
7,767.9
7,271.6
1.1
–
231.5
19,057.0
Unallocated assets
55,956.4
Total assets
392,108.6
Segment liabilities
21,143.7
1,269.6
10,204.5
673.1
356.1
3,745.2
1,483.2
38,875.4
Unallocated liabilities
152,337.9
Total liabilities
191,213.3
Additions to non-current assets (note (c))
8,654.5
4,260.3
373.9
165.1
3,851.7
165.2
699.7
18,170.4
Depreciation and amortisation
80.4
25.4
214.8
830.8
399.2
352.6
26.0
1,929.2
Impairment charge and provision
–
–
–
–
–
30.1
699.8
729.9