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Investor Relations

Financial Highlights

  • Chinese Estates Holdings Limited
  • Chi Cheung Investment Company, Limited
  • G-Prop (Holdings) Limited

Chinese Estates Holdings Limited

Unaudited interim results for the six months ended 30th June, Audited annual results for the years ended 31st December,
  2008
HK$'000
2007
HK$'000
2006
HK$'000
2005
HK$'000
<Restated>
(Note 2)
2004
HK$'000
<Restated>
(Note 3)
2003
HK$'000
Turnover 985,820 8,446,865 4,763,789 2,274,988 5,257,357 2,531,532
Profit attributable to equity holders of the Company 3,522,830 8,195,857 7,477,345 6,154,572 1,619,085 1,153,845
Earnings per share
(HK $) (Note 1)
- Basic
- Diluted


1.53
1.53


3.60
3.60


3.39
3.33


3.00
2.76


0.78
0.78


0.52
0.52
Total dividends per share
(HK cents)
13.5 36 30 21 19.5 17
(Note 4)
Total assets
Total liabilities
66,161,538
(19,242,058)
66,714,307
(19,048,774)
57,634,327
(21,671,693)
40,441,292
(16,738,595)
26,004,971
(9,882,692)
22,398,975
(8,184,428)
Total net assets
Minority interests
46,919,480
(668,014)
47,665,533
(503,895)
35,962,634
(429,936)
23,702,697
(401,177)
16,122,279
89,515
14,214,547
153,069
Total net assets to equity holders of the Company 46,251,466 47,161,638 35,532,698 23,301,520 16,211,794 14,367,616
Net assets per share (HK$)
Net assets per share to equity holders of the Company (HK$)
20.43
20.14
20.72
20.50
15.91
15.72
11.33
11.14
7.94
7.99
6.57
6.64
Number of shares issued 2,296,889,624 2,300,443,378 2,259,809,483 2,091,506,780 2,030,214,000 2,163,900,000
Notes:
(1) The calculation of basic earnings per share is based on the profit attributable to equity holders of the Company for the period/year and on the weighted average number of shares in issue during the relevant period/years.  The diluted earnings per share is calculated by adjusting the profit attributable to equity holders of the Company and the weighted average number of shares in issue for the effects of all dilutive potential shares.
For the years ended 31st December, 2007, 31st December, 2004 and 31st December, 2003, diluted earnings per share are the same as the basic earnings per share as there were no dilutive potential ordinary shares outstanding.
(2) The Group has adopted HKAS 39 and HKFRS 4 (Amendments) Financial Guarantee Contracts issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA") that is effective for accounting periods beginning on or after 1st January, 2006. It has resulted in changes to the Group's accounting policy and the accounting policy has been applied retrospectively. Accordingly comparative amounts for 2005 have been restated to conform to the new accounting policy.
The summary of the results, assets and liabilities of the Group for the two years ended 31st December, 2004 have not been restated upon the adoption of these amendments.
(3) The Group adopted the new and revised Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards and Interpretations ("new HKFRSs") issued by HKICPA that are effective for accounting periods beginning on or after 1st January, 2005. It resulted in changes to the Group's accounting policies and certain accounting policies have been applied retrospectively. Accordingly comparative amounts for 2004 have been restated to conform to the new accounting policies.
The summary of the results, assets and liabilities of the Group for the year ended 31st December, 2003 have not been restated upon the adoption of the new HKFRSs as the Directors are of the opinion that the restatement would involve costs not in proportion to the benefit of the Group.
(4) A special dividend paid in specie of HK4.9 cents per share is not included in dividends per share.