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Consolidated Income Statement: For The Year Ended 31 December 2019
Consolidated Income Statement: For The Year Ended 31 December 2019
2019 2018
Note HK$’000 HK$’000
HK cents HK cents
Earnings/(loss) per unit attributable to unitholders of HPH Trust 9 6.06 (132.60)
94 HUTCHISON PORT HOLDINGS TRUST
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
For the year ended 31 December 2019
2019 2018
HK$’000 HK$’000
Note:
Items shown within other comprehensive loss have no tax effect.
ANNUAL REPORT 2019 95
CONSOLIDATED STATEMENT
OF FINANCIAL POSITION
At 31 December 2019
2019 2018
Note HK$’000 HK$’000
ASSETS
Non-current assets
Fixed assets 10 23,789,534 24,629,553
Projects under development 11 648,058 996,397
Leasehold land and land use rights 12 37,046,989 38,373,329
Railway usage rights 13 10,813 11,619
Customer relationships 14(a) 5,501,771 5,835,978
Goodwill 14(b) 11,270,044 11,270,044
Associated companies 15 952,533 945,342
Joint ventures 16 2,656,680 2,683,777
Other non-current assets 17 560,682 560,929
Deferred tax assets 18 24,997 18,528
82,462,101 85,325,496
Current assets
Cash and bank balances 19 7,040,166 6,566,354
Trade and other receivables 20 3,056,031 3,060,915
Inventories 102,354 103,137
10,198,551 9,730,406
Current liabilities
Trade and other payables 21 5,783,133 5,928,221
Bank and other debts 22 4,097,271 2,517,506
Current tax liabilities 473,874 358,228
10,354,278 8,803,955
Non-current liabilities
Bank and other debts 22 26,459,077 28,974,121
Pension obligations 23 41,747 56,601
Deferred tax liabilities 18 9,918,159 10,290,856
Other non-current liabilities 24 324,068 262,210
36,743,051 39,583,788
EQUITY
Units in issue 25 68,553,839 68,553,839
Reserves (42,702,921) (41,786,104)
Net assets attributable to unitholders of HPH Trust 25,850,918 26,767,735
2019 2018
Note HK$’000 HK$’000
ASSETS
Non-current asset
Investment in a subsidiary company 26 25,088,891 26,390,258
Current assets
Cash and bank balances 19 2,530 4,525
Trade and other receivables 20 1,961 337
4,491 4,862
Current liability
Trade and other payables 21 16,836 20,555
EQUITY
Units in issue 25 68,553,839 68,553,839
Reserves (43,477,293) (42,179,274)
Total equity 25,076,546 26,374,565
ANNUAL REPORT 2019 97
CONSOLIDATED STATEMENT OF
CASH FLOWS
For the year ended 31 December 2019
2019 2018
Note HK$’000 HK$’000
Operating activities
Investing activities
Financing activities
CONSOLIDATED STATEMENT OF
CHANGES IN EQUITY
For the year ended 31 December 2019
Group
At 1 January 2019 68,553,839 (133,545) (151,515) (67,158) (30,102) 181,989 (41,585,773) 26,767,735 19,900,424 46,668,159
CONSOLIDATED STATEMENT OF
CHANGES IN EQUITY
For the year ended 31 December 2019
Group
At 31 December 2017 68,553,839 (19,474) (55,471) (1,214) – 141,174 (28,325,300) 40,293,554 20,028,352 60,321,906
Adjustment on adoption
of HKFRS 9 – – – 19,578 (19,578) – – – – –
At 1 January 2018 68,553,839 (19,474) (55,471) 18,364 (19,578) 141,174 (28,325,300) 40,293,554 20,028,352 60,321,906
Trust
At 1 January 2019 68,553,839 (42,179,274) 26,374,565
Loss and total comprehensive loss for the year – (36,652) (36,652)