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Capital Expenditure

 

 

Year ended 31 December

Increase/(Decrease)

HK$ million

2019

2018

Amount

%

Financial services

4,975

7,651

(2,676)

(35%)

Resources and energy

4,593

7,001

(2,408)

(34%)

Manufacturing

7,180

7,832

(652)

(8.3%)

Engineering contracting

1,221

2,952

(1,731)

(59%)

Real estate

842

2,318

(1,476)

(64%)

Others

13,507

16,048

(2,541)

(16%)

Total

32,318

43,802

(11,484)

(26%)
Capital Commitments

As at 31 December 2019, the contracted capital commitments of the Group amounted to approximately HK$33,183 million. Details are disclosed in note 47(f) to the financial statements.

Group Financial Position
 

As at 31 December

Increase/(Decrease)

HK$ million

 2019 2018 Amount %

Total assets

8,289,924

7,660,713

629,211

8.2%

Loans and advances to customers and other parties

4,366,639

4,024,401

342,238

8.5%

Investments in financial assets

2,153,729

1,884,427

269,302

14%

Cash and deposits

740,434

832,968

(92,534)

(11%)

Placement with banks and non-bank financial institutions

226,686

200,030

26,656

13%

Trade and other receivables

167,427

111,057

56,370

51%

Fixed assets

150,075

189,647

(39,572)

(21%)

Total liabilities

7,395,433

6,850,053

545,380

8.0%

Deposits from customers

4,541,841

4,159,924

381,917

9.2%

Deposits from banks and non-bank financial institutions

1,061,380

888,966

172,414

19%

Debt instruments issued

823,964

745,031

78,933

11%

Borrowing from central banks

268,256

327,629

(59,373)

(18%)

Bank and other loans

151,312

156,678

(5,366)

(3.4%)

Trade and other payables

148,908

171,093

(22,185)

(13%)

Total ordinary shareholders’ funds

591,526

558,545

32,981

5.9
Total assets

Total assets increased from HK$7,660,713 million as at 31 December 2018 to HK$8,289,924 million as at 31 December 2019, mainly attributable to an increase in loans and advances to customers and other parties as well as Investments in financial assets.

By geography
Loans and advances to customers and other parties

As at 31 December 2019, the loans and advances to customers and other parties of the Group were HK$4,366,639 million, an increase of HK$342,238 million or 8.5% compared with 31 December 2018. The proportion of loans and advances to customers and other parties to total assets was 52.67%, an increase of 0.14 percentage point compared with 31 December 2018.

 

As at 31 December

Increase/(decrease)

HK$ million

2019

2018

Amount

%

Loans and advances to customers and other parties measured at amortised cost

Corporate loans

2,201,477

2,160,645

40,832

1.9%

Discounted bills

7,995

169,204

(161,209)

(95%)

Personal loans

1,927,346

1,694,236

233,110

14%

Accrued interest

11,388

10,016

1,372

14%

Total loans and advances to customers and other parties at amortised cost

4,148,206

4,034,101

114,105

2.8%

Impairment allowances

(134,001)

(119,857)

(14,144)

(12%)

Carrying amount of loans and advances to customers and other parties at amortised cost

4,014,205

3,914,244

99,961

2.6%

Loans and advances to customers and other parties at fair value through profit or loss

Personal loans

7,719

 –

7,719

–

Loans and advances to customers and other parties at fair value through other comprehensive income
Corporate loans 1,029 156 873 560%

Discounted bills

343,686

110,001

233,685

212%

Carrying amount of loans and advances to customers and other parties measured at fair value through othe comprehensive income

344,715

110,157

234,558

213%

Net loans and advances to customers and other parties

4,366,639

4,024,401

342,238

8.5%
 Deposits from customers

As at 31 December 2019, deposits from customers of the financial institutions under the Group were HK$4,541,841 million, an increase of HK$381,917 million or 9.2% compared with 31 December 2018. The proportion of deposits from customers to total liabilities was 61.41%, an increase of 0.69 percentage point compared with 31 December 2018.

 

As at 31 December

Increase/(decrease)
HK$ million

2019

2018

Amount

 %

Corporate deposits

Time deposits

1,653,630

1,577,529

76,101

4.8%

Demand deposits

1,862,591

1,725,834

136,757

7.9%

Subtotal

3,516,221

3,303,363

212,858

6.4%

Personal deposits

Time deposits

672,759

513,066

159,693

31%

Demand deposits

307,582

300,114

7,468

2.5%

Subtotal

980,341

813,180

167,161

21%

Outward remittance and remittance payables

7,227

5,504

1,723

31%

Accrued interest

38,052

37,877

175

0.5%

Total

4,541,841

4,159,924

381,917

9.2%
Bank and other loans

 

As at 31 December

 Increase/(Decrease)

HK$ million

 2019  2018   Amount  %

Financial services

3,927

5,898

(1,971)

(33%)

Resources and energy

39,055

40,885

(1,830)

(4.5%)

Manufacturing

20,070

31,923

(11,853)

(37%)

Engineering contracting

3,021

2,657

364

14%

Real estate

11,190

9,402

1,788

19%

Others

30,817

34,825

(4,008)

(12%)

Operation management

83,783

67,778

16,005

24%

Elimination

(41,185)

(37,778)

(3,407)

(9.0%)

Sub-total

150,678

155,590

(4,912)

(3.2%)

Accrued interest

634

1,088

(454)

(42%)

Total

151,312

156,678

(5,366)

(3.4%)
Debt instruments issued
 

As at 31 December

Increase/(Decrease)  

HK$ million

2019

2018

Amount

%

Financial services

725,589

628,169

97,420

16%

Resources and energy

670

–

670

–

Manufacturing

141

144

(3)

(2.1%)

Engineering contracting

–

–

–

–

Real estate

–

–

–

–

Others

3,845

3,849

(4)

(0.1%)

Operation management

115,644

106,561

9,083

–

Elimination

(27,860)

–

(27,860)

–

Sub-total

818,029

738,723

79,306

11%

Accrued interest

5,935

6,308

(373)

(5.9%)

Total

823,964

745,031

78,933

11%
Total ordinary shareholders’ funds

As at 31 December 2019, total ordinary shareholders’ funds of the Group amounted to HK$591,526 million, an increase of HK$32,981 million as compared with 31 December 2018. This was mainly attributable to the growth in net profits.