Glossary of Terms
New World Development Company Limited
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Glossary of Terms
GENERAL TERMS
EUR or Euro
Euro, the official currency of the Euro-area
FY
Fiscal year, 1 July to 30 June
Group
NWD and its subsidiaries
HIBOR
Hong Kong Interbank Offered Rate
HK
Hong Kong
HK$
Hong Kong dollar(s), the lawful currency of Hong Kong
HK$ billion
billion of Hong Kong Dollars
HK$ million or HK$m
million of Hong Kong Dollars
HKEx or Stock Exchange
The Stock Exchange of Hong Kong Limited
Listing Rules
Rules Governing the Listing of Securities on the HKEx
Mainland China
The People’s Republic of China excluding Hong Kong,
Macau and Taiwan for the purposes of this annual report
MTR
Mass Transit Railway
N/A or n/a
not applicable
New World or NWD or New World
Development or Company
New World Development Company Limited (
อ˰
೯ޢ
࢝Ϟࠢʮ̡
)
NWCL or New World China Land
New World China Land Limited
NWDS or New World Department Stores
New World Department Store China Limited
NWSH or NWS Holdings
NWS Holdings Limited
PRC
The People’s Republic of China
RMB
Renminbi, the lawful currency of PRC
TBD
To be determined
US
The United States of America
US$ or USD
United States dollar(s), the lawful currency of US
FINANCIAL TERMS
EBITDA
Operating profit before depreciation and amortisation, change in fair value
of investment properties and other gains, net and after net exchange
difference
Gearing Ratio
Net Debt divided by total equity
Net Debt
The aggregate of bank loans, other loans and fixed rate bonds and
notes payable less cash and bank balances
Total Debt
Net Debt plus cash and bank balances
TECHNICAL TERMS
CJV
Co-operative joint venture
EJV
Equity joint venture
JV
Joint venture
WFOE
Wholly foreign owned enterprise
MEASUREMENTS
Km
kilometre(s)
m
3
cubic metre
MW
megawatt(s), equal to 1,000kW
sq ft
square feet
sq m
square metre
TEU or TEUs
Twenty-Foot Container Equivalent Unit
