Financial Report
Consolidated Statement of Changes in Equity
For the year ended 31 December 2016
| Note | Share capital HK$ million (Note 44(a)) |
Perpetual capital securities HK$ million (Note 44(c)) |
Capital reserve HK$ million (Note 44(d)(i)) |
Hedging reserve HK$ million (Note 44(d)(ii)) |
Investment related reserves HK$ million (Note 44(d)(iii)) |
General reserve HK$ million (Note 44(d)(iv)) |
Retained earnings HK$ million |
Exchange reserve HK$ million (Note 44(d)(v)) |
Total HK$ million |
Non- controlling interests HK$ million |
Total equity HK$ million |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at 1 January 2016 | 381,710 | 13,836 | (65,387) | 294 | 4,306 | 37,013 | 131,132 | (10,002) | 492,902 | 170,267 | 663,169 | |
| Profit for the year | 10 | – | 790 | – | – | – | – | 43,119 | – | 43,909 | 18,730 | 62,639 |
| Other comprehensive income/(loss) for the yea |
16 | – | – | – | 909 | (6,751) | – | – | (28,034) | (33,876) | (15,251) | (49,127) |
| Total comprehensive income/(loss) for the year |
– | 790 | – | 909 | (6,751) | – | 43,119 | (28,034) | 10,033 | 3,479 | 13,512 | |
| Redemption of perpetual capital securities |
44(c) | – | (5,850) | – | – | – | – | – | – | (5,850) | – | (5,850) |
| Capital injection by non-controlling interests |
– | – | – | – | – | – | – | – | – | 737 | 737 | |
| Issue of preference shares and other equity instruments by subsidiaries |
51(c) | – | – | – | – | – | – | – | – | – | 46,162 | 46,162 |
| Transfer of profits to general reserve |
– | – | – | – | – | 7,484 | (7,484) | – | – | – | – | |
| Dividends paid to ordinary shareholders of the Company |
14 | – | – | – | – | – | – | (8,727) | – | (8,727) | – | (8,727) |
| Dividends paid to non-controlling interests |
– | – | – | – | – | – | – | – | – | (6,238) | (6,238) | |
| Distribution to holders of perpetual capital securities |
– | (903) | – | – | – | – | – | – | (903) | – | (903) | |
| New subsidiaries | – | – | – | – | – | – | – | – | – | 165 | 165 | |
| Disposal of subsidiaries | 51(b) | – | – | – | – | – | – | – | – | – | (908) | (908) |
| Termination of part of put options | – | – | 2,229 | – | – | – | – | – | 2,229 | – | 2,229 | |
| Transaction with non-controlling interests |
52 | – | – | 865 | – | – | – | – | – | 865 | (8,418) | (7,553) |
| Others | – | – | 84 | – | – | – | – | – | 84 | (28) | 56 | |
| Other changes in equity | – | (6,753) | 3,178 | – | – | 7,484 | (16,211) | – | (12,302) | 31,472 | 19,170 | |
| Balance at 31 December 2016 | 381,710 | 7,873 | (62,209) | 1,203 | (2,445) | 44,497 | 158,040 | (38,036) | 490,633 | 205,218 | 695,851 |
For the year ended 31 December 2016
| Note | Share capital HK$ million (Note 44(a)) |
Convertible preferred shares HK$ million (Note 44(a)) |
Perpetual capital securities HK$ million (Note 44(c)) |
Capital reserve HK$ million (Note 44(d)(i)) |
Hedging reserve HK$ million (Note 44(d)(ii)) |
Investment related reserves HK$ million (Note 44(d)(iii)) |
General reserve HK$ million (Note 44(d)(iv)) |
Retained earnings HK$ million |
Exchange reserve HK$ million (Note 44(d)(v)) |
Total HK$ million |
Non- controlling interests HK$ million |
Total equity HK$ million |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at 1 January 2015 | 324,198 | – | 13,834 | (60,869) | 92 | 4,885 | 24,836 | 109,387 | 15,597 | 431,960 | 143,547 | 575,507 | |
| Profit for the year | 10 | – | – | 1,135 | – | – | – | – | 41,812 | – | 42,947 | 17,746 | 60,693 |
| Other comprehensive income/(loss) for the year |
16 | – | – | – | – | 202 | (579) | – | – | (25,599) | (25,976) | (6,570) | (32,546) |
| Total comprehensive income/(loss) for the year |
– | – | 1,135 | – | 202 | (579) | – | 41,812 | (25,599) | 16,971 | 11,176 | 28,147 | |
| Issue of shares | 44(a) | 11,986 | 45,923 | – | – | – | – | – | – | – | 57,909 | – | 57,909 |
| Conversion of convertible preferred shares into ordinary shares |
44(a) | 45,923 | (45,923) | – | – | – | – | – | – | – | – | – | – |
| Capital injection by non-controlling interests |
– | – | – | – | – | – | – | – | – | – | 4,143 | 4,143 | |
| Issue of other equity instruments by a subsidiary |
– | – | – | – | – | – | – | – | – | – | 1,363 | 1,363 | |
| Transfer of profits to general reserve | – | – | – | – | – | – | 12,177 | (12,177) | – | – | – | – | |
| Dividends paid to ordinary shareholders of the Company |
14 | – | – | – | – | – | – | – | (7,890) | – | (7,890) | – | (7,890) |
| Dividends paid to non-controlling interests |
– | – | – | – | – | – | – | – | – | – | (2,073) | (2,073) | |
| Distribution to holders of perpetual capital securities |
– | – | (1,133) | – | – | – | – | – | – | (1,133) | – | (1,133) | |
| New subsidiaries | – | – | – | – | – | – | – | – | – | – | 3,041 | 3,041 | |
| Disposal of subsidiaries | 51(b) | – | – | – | – | – | – | – | – | – | – | (125) | (125) |
| Put options issued in business combinations |
– | – | – | (3,034) | – | – | – | – | – | (3,034) | – | (3,034) | |
| Transaction with non-controlling interests |
– | – | – | (1,224) | – | – | – | – | – | (1,224) | 9,285 | 8,061 | |
| Others | (397) | – | – | (260) | – | – | – | – | – | (657) | (90) | (747) | |
| Other changes in equity | 57,512 | – | (1,133) | (4,518) | – | – | 12,177 | (20,067) | – | 43,971 | 15,544 | 59,515 | |
| Balance at 31 December 2015 | 381,710 | – | 13,836 | (65,387) | 294 | 4,306 | 37,013 | 131,132 | (10,002) | 492,902 | 170,267 | 663,169 |
