(308)

Faultless Service,
Quality Life.

Faultless Service, 2015

Quality Life. 2015

(308)

2 51
3 53
4 55
5 57
6 143
8 144
9
12
25
38
46
48
50

ANNUAL
REPORT
2015


*

*
*
*

* 78-83
12




183
22

2
2015


4.5
2.5
2.5
5
2
2.5
2.5

7,000,000,000

5,549,763,525

irasia.com/listco/hk/ctii

308

2,000

2015 3


4.

1.
20%
30%
1.1
26%
17%
100%
30%
100%
100%
100%
100% 100%
100%
60%
100%

1.2
100%
29%
51%
51%

2. 100%

51%
51% 78%
51%
65%
80%

3.

100%
89.14%
80%
100%

4
2015


78.61 72.85
24.14 30.93
9.50 12.00
(%) 39.35 38.80

3.69 3.16
2.81 3.09
2.78 2.76
(0.17) (0.15)
(%) 19 18

(%) 9.25 11.67

(%) 9.02 10.53

(%) 2.31 4.03
(%) 4.36 8.43

(%) 8.99 4.59
(%) 16.94 9.60

43

2015 5


4,395,389 4,475,142 4,359,918 4,668,431 4,352,882
(2,391,052) (2,417,299) (2,275,542) (2,515,494) (2,253,285)
2,004,337 2,057,843 2,084,376 2,152,937 2,099,597

262,360 1,048,465 194,882 198,572 335,974

(52,701)
73,353 70,049 155,529 165,051 65,287
(536,472) (503,597) (587,758) (619,761) (619,806)
(932,331) (996,108) (992,106) (1,034,705) (1,040,800)
129,001 140,081 107,515 94,520 59,770
(24,332) (30,276) (15,397) (18,913) (13,989)
132,947 104,562 81,835 57,735 22,824
175,000
1,108,863 1,891,019 1,203,876 995,436 856,156
(239,635) (310,182) (225,404) (217,973) (179,856)
869,228 1,580,837 978,472 777,463 676,300

662,917 284,322 275,527 124,342 104,368
1,532,145 1,865,159 1,253,999 901,805 780,668

1,352,750 1,738,884 1,151,889 803,561 695,233
179,395 126,275 102,110 98,244 85,435
1,532,145 1,865,159 1,253,999 901,805 780,668

6
2015


21,216,252 20,950,844 19,227,969 17,410,326 17,087,281

(4,717,424) (4,318,061) (3,900,692) (3,131,894) (3,314,998)

(1,093,669) (1,090,850) (834,012) (807,603) (786,152)

15,405,159 15,541,933 14,493,265 13,470,829 12,986,131

2015 7


5,000 2,000

4,000 1,600

3,000 1,200

2,000 800

1,000 400

0 0
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

20,000 1,000

800
15,000

600
10,000
400
5,000
200

0 0
2011 2012 2013 2014 2015
2011 2012 2013 2014 2015

8
2015


GMP

Common Bond Investments Limited

2015 9


B.B.S., J.P., BSc, F.C.I.T., MRINA

14





S.B.S., J.P.

10
2015


GBS, OBE, J.P.

2015 11


43.952%
13.5322%
8.59
4%6.25
2%

12
2015


CDD

4.29

2015 13


24.1422%

4)8.59
4%6.25
2%2.34

212.16
1%154.05
1%56.59
36.81
8.2828.53
16%

117,866,000

4.55

2.52.5
2.52.5
9.539%

43.95
2%13.5322%

14
2015


2.

1.



1.1





3.





1.2

2015 15


4.

26.03
2%3.062%

7.60
18%1.1248%

2015 2014

% 80 89
811 930

% 57 56
443 465

8.142% 6.3061%
1.3910% 0.49

16
2015


3.987%
0.260.73

0.96

)
1.

2.95

2%1.5244%

0.322%

5191%2.95

2%
0.5544%

1,213

1.

2.

13.57
7%
1.883%

2015 17


2.

1.0919%
334
85

3.

0.318%
158343

2.34

" ""
5.1 """""

4.29

1.

18
2015


2.


277182 100
95





92
7
27

3.
Diamond
Resorts International, Inc.
CDD


CDD

2015 19


4.




5.


20.10%
60%
40%


"
"

117,866,000313,211,660
2.66
49,654,000
132,842,820
2.68

20
2015


2.





"""
"

3.


1.

"
"

2015 21


4.











1.






















2.

22
2015


5.






3.
10,059









CDD




36.81
4. 8.2819%

2015 23


0.58

0.37







1,862,000






30
30

24
2015


88,692,40052,172,000
34

38
45

12248
13613943

622
297299
48 4,058,803,000247,896,000
142.

2.52.5
2.52.5

4.55

2015 25


117,866,000
5,549,763,525

6,328,000 2.74 2.54 16,944,140
1,076,000 2.45 2.42 2,626,980
1,214,000 2.52 2.52 3,059,280
152,000 2.50 2.50 380,000
4,148,000 3.38 3.27 13,778,820
34,556,000 3.00 2.26 88,322,040
42,682,000 2.84 2.48 114,324,740
27,710,000 2.84 2.52 73,775,660

6,224

441,994



6

7

30%
30%

3.13

26
2015


101
13.51(B)(1)

92

911 330,000

http://www.irasia.
com/listco/hk/ctii/ Alliance Power Resources Ltd.
CTS Asset Management (I)
Limited

CTS Metropark
Limited

2015 27


2.26


















(1) Add-Well
Investments Limited



510,000,000

28
2015


14


14A
14A.81


323,000,000
220,000,000
(i)
51%

49% (ii)




(a)
150,000,000
(1)
51%
(b)
49% (2)


(c)
(2)


150,000,000 (d)

(3)

(e)
(4)

2015 29


(3)


(1)










380,000,000403,000,000427,000,000


290,000,000 (4)


(2)
(b)(c)

(b)(c)

30
2015


I.
(a)
403,000 427,000 290,000 290,000 265,132
(b)
23,000 26,500 26,000 28,500 19,146
(c)
33,000 36,300 4,000 5,000 7,468
(d)
17,000 20,000 15,000 16,500 11,470
II.
(e)
43,200 30,000 36,000 43,000 17,682
(f)
144,000 73,000 88,000 105,000 59,023

(iii)






6,600,0007,300,0008,000,000

9,000,000
5,230,000

2015 31


(iv)
0.1%5%
3,000,000



40 1.244
51% 1.3681.505
49%



110,000,000 (i)
126,500,000145,000,000 (ii)
(iii)
96,208,000


(v)
(i)(ii)
(iii)(iv) 3000


740

14A.56

32
2015


14A

352

1,770,000 1,770,000 0.03%
600,000 770,000 1,370,000 0.02%
880,000 890,000 1,770,000 0.03%
2,000 1,850,000 1,852,000 0.03%
1
1,770,000 1,770,000 0.03%
50,000 50,000 0.00%
2

1
2

622

2015 33


35

1

1,770,000 1,770,000 1.70

1,770,000 (1,000,000) 770,000 1.70

1,770,000 (880,000) 890,000 1.70

1,850,000 1,850,000 1.70

1,770,000 1,770,000 1.70

8,930,000 (1,880,000) 7,050,000

70,890,000 (49,752,000) (1,540,000) 19,598,000 1.70

79,820,000 (51,632,000) (1,540,000) 26,648,000

30%
30%
40%

2
26,648,0000.48%

34
2015


2.25




352

10%

567,779,152
336
10.32%

(i)



1 3,262,060,728 58.78%
3,262,060,728 58.78%
12
Alliance Power 2 1,115,340,456 20.10%
Resources Ltd.
CTS Asset Management 2 1,115,340,456 20.10%
(I) Limited
3 1,115,340,456 20.10%
Ryden Holdings 3 1,115,340,456 20.10%
Company Limited
3 1,115,340,456 20.10%
3 1,115,340,456 20.10%

2015 35


1 13.21

300,000,000



2 3,262,060,7282,126,020,272
300,000,000
20,700,000Foden International
Limited1,115,340,456

Alliance Power Resources Ltd. CTS Asset
Management (I) LimitedRyden Holdings Company
Limited 60%40% CTS Asset
Management (I) Limited
500,000,000
XV

CTS Asset Management

(I) LimitedAlliance Power Resources Ltd.

3 1,115,340,456 Alliance Power Resources Ltd.

CTS Asset Management (I) LimitedRyden Holdings 40%
Company Limited 60%40%

Ryden Holdings Company Limited


90%XV
Ryden Holdings Company Limited

Alliance Power Resources Ltd.
100,000,000

800,000,000

336


50%

32

36
2015


25%

3845

2015 37


D.1.4







14

E.1.2
A.2.7




954


A.4.1
2


911

38
2015


2015 39


14



3

40
2015


201611
201611

2015 41


42
2015


1 3/4 0/1 1/1 1/1

2 2/4 0/1 0/1 0/1 0/1
4/4 0/1 1/1
4/4 0/1 0/1 0/1
1/4 0/1 0/1 0/1

4/4 1/1 1/1

4/4 2/2 1/1 1/1 1/1 1/1 1/1
4/4 2/2 1/1 1/1 1/1 1/1 1/1
3/4 1/2 1/1 1/1 1/1 1/1

2015 43


8,765
1,889
10,654

4647

622566568
5%

44
2015


21
28




500

(www.irasia.com/listco/hk/ctii)

2.5%
50

622580615

2015 45


48142

405

46
2015


2015 47


5 4,395,389 4,475,142

(2,391,052) (2,417,299)
2,004,337 2,057,843

5 262,360 1,048,465
73,353 70,049
(536,472) (503,597)
(932,331) (996,108)
7 871,247 1,676,652

6 129,001 140,081
6 (24,332) (30,276)

6 104,669 109,805

127,803 97,827
5,144 6,735
1,108,863 1,891,019
10 (239,635) (310,182)
869,228 1,580,837

44 662,917 284,322
1,532,145 1,865,159

1,352,750 1,738,884
179,395 126,275
1,532,145 1,865,159

48
2015


12

12.31 25.87
11.83 5.06
24.14 30.93

12.27 25.82
11.79 5.05
24.06 30.87

57142

2015 49


1,532,145 1,865,159
-------------- --------------

110,975 1,745

9,895 (30,025)
(149,321) (94,776)
(615,440) (24,929)
(643,891) (147,985)
------------- -------------

888,254 1,717,174

761,324 1,592,652
126,930 124,522
888,254 1,717,174

50
2015


13 7,919,792 9,947,765
14 1,439,590 1,285,274
15 429,169 464,583
16 1,330,151 1,330,151
17 174,093 185,101
19 998,879 1,020,460
20 47,977 40,204
21 27,068 27,771
25 85,658 91,951
33 56,293 19,632

12,508,670 14,412,892
-------------- --------------

22 36,012 31,833
23 2,026,394 106,450
24 173,047 188,336
25 877,565 1,366,176
28 186,497 26,939
28 25,392 32,379
3,910 1,744
26 1,640,050 1,419,753
27 57,984 37,317
27 3,680,731 3,327,025

8,707,582 6,537,952
-------------- --------------

21,216,252 20,950,844

34 9,088,838 8,966,896
6,316,321 6,575,037

15,405,159 15,541,933
1,093,669 1,090,850

16,498,828 16,632,783

2015 51


31 1,132,980 1,039,220
32 805,659 806,142
33 417,296 401,663

2,355,935 2,247,025
-------------- --------------

29 349,785 300,705
30 1,778,338 1,533,198
28 8,215 4,131
28 9,438 26,415
193,045 144,510
32 22,668 62,077

2,361,489 2,071,036
-------------- --------------

4,717,424 4,318,061
-------------- --------------

21,216,252 20,950,844

...................................... ...........................................

57142
48142

52
2015


1

34
8,966,896 (31,552) 45,519 310,963 (28,062) (1,029,991) 143,340 998,533 6,166,287 15,541,933 1,090,850 16,632,783

1,352,750 1,352,750 179,395 1,532,145

110,975 110,975 110,975

9,895 9,895 9,895

(149,321) (149,321) (149,321)
(562,975) (562,975) (52,465) (615,440)

110,975 9,895 (712,296) (591,426) (52,465) (643,891)

110,975 9,895 (712,296) 1,352,750 761,324 126,930 888,254

12,143 (12,143)
(313,212) (313,212) (313,212)
344,764 (345,875) (1,111) (1,111)
121,942 (33,250) 88,692 88,692
(663) 663
(124,111) (124,111)
492,436 (492,436)
(395,197) (395,197) (395,197)
(277,270) (277,270) (277,270)

121,942 31,552 (33,913) 492,436 12,143 (1,522,258) (898,098) (124,111) (1,022,209)

------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------

9,088,838 11,606 421,938 (18,167) (537,555) 155,483 286,237 5,996,779 15,405,159 1,093,669 16,498,828

2015 53


1

34
563,457 8,357,579 74,602 6,429 309,218 1,963 (1,029,662) 137,609 1,116,550 4,955,520 14,493,265 834,012 15,327,277
------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------

1,738,884 1,738,884 126,275 1,865,159


1,745 1,745 1,745

(30,025) (30,025) (30,025)

(94,776) (94,776) (94,776)
(23,176) (23,176) (1,753) (24,929)

1,745 (30,025) (117,952) (146,232) (1,753) (147,985)

1,745 (30,025) (117,952) 1,738,884 1,592,652 124,522 1,717,174

------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------

8,888 (41) (9,169) (322) 322

8,364,008 (8,357,579) (6,429)
1,298 1,298 1,298
(68,257) (68,257) (68,257)
36,705 (36,888) (183) (183)
39,431 (10,752) 28,679 28,679
(15,095) 15,095
(135,618) (135,618)
267,612 267,612
(4,534) (329) (3,157) (24) 8,044
(224,485) (224,485) (224,485)
(280,714) (280,714) (280,714)

-----------
8,403,439 (8,357,579)
------------- ---------
(31,552) ---------
(29,083) ---------
(6,429) ----------
---------
------------
(329) ----------
5,731 -----------
(65) -----------
(528,117) -------------
(543,984) ----------
132,316 -------------
(411,668)
8,966,896 (31,552) 45,519 310,963 (28,062) (1,029,991) 143,340 998,533 6,166,287 15,541,933 1,090,850 16,632,783

54
2015


1,771,780 2,175,341

24,332 30,276
(129,001) (140,081)
37 (429,371) (837,750)
4,319 (26,328)
606
(75,206) (47,399)
464,917 484,089
27,138 24,624
3,259 3,306
3,410
2,818 6,590
(73,353) (70,049)
(361,349) (382,149)
(5,144) (6,735)
1,298
(13,150)
1,225,745 1,205,293
(4,670) 7,296
(298,795) (4,587)
(14,782) 67,159
(14,828) (15,500)
4,453 (4,530)
220,761 1,963
6,987 2,204
230,627 (190,431)
(262) (217)
(1,387) (1,712)
(16,977) 7,488
156,133 333,049

1,493,005 1,407,475
(291,084) (226,682)
(142) (636)

1,201,779 1,180,157

2015 55


129,001 140,081
51,693 348,964
51,503
(477,201) (1,340,245)
6,581 58,544
(8,651)
(400)
36 56,102
37 640,243 1,350,503
435,674 340,967
5,975,473 4,722,428
(6,232,466) (5,202,897)
(23,564) 16,580
(1,088,008) (755,352)

(591,625) (212,822)

(24,332) (30,276)
(672,467) (505,199)
88,692 28,679
(124,111) (135,618)
1,540,000 2,954,482
(1,578,455) (2,586,407)
(314,323) (68,440)

(1,084,996) (342,779)

(474,842) 624,556
2,441,315 1,837,062
(249,052) (20,303)

1,717,421 2,441,315

3,680,731 3,327,025
(1,963,310) (885,710)

1,717,421 2,441,315

56
2015


78-8312

2.1

2015 57


2
2.1
(a)

19

(b)

14(1)
11(1)
16
38(1)
16
41(1)
10
28(1)
10
12
28(1)
27(1)
1 (1)

15 (2)

9(2)
(1)

(1)

(2)

58
2015


2
2.1
(c)
622
6229

2.2
2.2.1

(a)

2015 59


2
2.2
2.2.1
(a)

(b)

(c)

2.2.2

60
2015


2
2.3
1111

2.4
20%50%

2015 61


2
2.4

2.5

2.6

(a)

(i)

(ii)

(iii)

(b)

(i)

(ii)

62
2015


2
2.6
(iii)

(iv)

(v) (a)

(vi) (a)(i)

2.7

75
40
3.5%19%

4.5%20%
6%33.3%
11.1%20%

2015 63


2
2.7

2.8

2.9

64
2015


2
2.9

2.10

40

2.11

2015 65


2
2.12
2.12.1

(a)


12

(b)

12

(c)

12

2.12.2

66
2015


2
2.12
2.12.2

2.13
(a)

2015 67


2
2.13
(b)

2.14

68
2015


2
2.14

(i)
(ii)

2.15

2.16

(a)
(b)
(c)

2015 69


2
2.16

12
12

70
2015


2
2.16

2.17

2.18

2.19

2.23

2.20

2015 71


2
2.21

2.22

(a)

(b)

72
2015


2
2.22
(b)

(c)

2.23

2.14

2015 73


2
2.24

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

2.25
(a)

74
2015


2
2.25
(a)

(b)

2.26

2015 75


2
2.26

2.27

76
2015


2
2.28

2015 77


2
2.29

2.30

3.1

78
2015


3
3.2

16

7,919,792,000
9,947,765,000
2.7

33

14

14

2015 79


3
3.2

(a)
(b)
(c)

80
2015


3
3.2



43

(a)

(b)

(c)

(d)

(e)

(f)

2015 81


82
2015


1,843,091 1,356,848 759,943 295,399 109,258 30,850 4,395,389 4,395,389 4,395,389
11,078 5,650 3,465 1,067 21,260 20,350 41,610 41,610
1,854,169 1,362,498 763,408 296,466 109,258 30,850 4,416,649 20,350 4,436,999 4,436,999

(21,260) (20,350) (41,610) (41,610)

4,395,389 4,395,389 4,395,389

194,681 188,149 111,658 151,908 (3,342) (1,580) 641,474 (16,311) 625,163 233,546 858,709

66,599 66,599
(66) 429,371 429,305
(606) (606)
(4,319) (4,319)
3,062 3,062
179,395 179,395
869,228 662,917 1,532,145

2015 83


8,261,838 2,939,142 4,136,170 200,180 702,342 104,591 16,344,263 3,825,133 20,169,396 20,169,396
519,187 479,692 998,879 998,879 998,879
30,005 17,972 47,977 47,977 47,977
19,467 978,938 420,338 2,704 1,421,447 16,113,818 17,535,265 17,535,265
8,800,492 3,918,080 4,556,508 712,581 702,342 122,563 18,812,566 19,938,951 38,751,517 38,751,517
(17,535,265) (17,535,265)
21,216,252 21,216,252
2,005,873 466,212 504,144 87,103 609,172 17,213 3,689,717 1,027,707 4,717,424 4,717,424
2,779,397 392,792 2,679,380 558,571 194,634 55,998 6,660,772 10,874,493 17,535,265 17,535,265
4,785,270 859,004 3,183,524 645,674 803,806 73,211 10,350,489 11,902,200 22,252,689 22,252,689
(17,535,265) (17,535,265)
4,717,424 4,717,424

31,401 96,802 128,203 (400) 127,803 233,546 361,349
6,778 (1,634) 5,144 5,144 5,144

# 618,011 4,194 120,363 30,690 94,423 414 868,095 2,794 870,889 870,889

294,174 27,551 116,927 16,998 37,138 1,846 494,634 680 495,314 495,314

1,865 (31) 984 2,818 2,818 2,818

84
2015


1,619,143 1,466,573 930,149 290,947 134,643 33,687 4,475,142 4,475,142 4,475,142
14,327 8,490 5,784 919 150 26 29,696 22,646 52,342 52,342
1,633,470 1,475,063 935,933 291,866 134,793 33,713 4,504,838 22,646 4,527,484 4,527,484
(29,696) (22,646) (52,342) (52,342)
4,475,142 4,475,142 4,475,142
96,311 182,700 216,450 105,549 849 3,431 605,290 9,497 614,787 284,322 899,109
62,742 62,742
751,008 751,008
26,328 26,328
3,107 3,107
(3,410) (3,410)
126,275 126,275
1,580,837 284,322 1,865,159

2015 85


8,337,604 2,801,472 4,504,888 147,600 729,547 121,317 16,642,428 3,247,752 19,890,180 19,890,180
136,252 406,635 542,887 542,887 477,573 1,020,460
28,227 11,977 40,204 40,204 40,204
9,293 835,167 761,093 5,651 1,611,204 13,680,819 15,292,023 15,292,023
8,483,149 3,636,639 5,265,981 588,113 729,547 133,294 18,836,723 16,928,571 35,765,294 477,573 36,242,867
(15,292,023) (15,292,023)
20,473,271 20,950,844
1,584,979 454,646 614,841 79,288 605,499 21,420 3,360,673 957,388 4,318,061 4,318,061
2,716,884 42,255 2,840,592 601,318 220,070 58,281 6,479,400 8,812,623 15,292,023 15,292,023
4,301,863 496,901 3,455,433 680,606 825,569 79,701 9,840,073 9,770,011 19,610,084 19,610,084
(15,292,023) (15,292,023)
4,318,061 4,318,061

31,863 (1,406) 67,370 97,827 97,827 284,322 382,149
5,608 1,127 6,735 6,735 6,735

# 1,502,908 13,494 87,915 1,440 43,870 2,134 1,651,761 968 1,652,729 1,652,729

274,531 35,538 138,093 18,183 42,350 1,850 510,545 1,474 512,019 512,019

6,963 55 3,043 (61) 10,000 10,000 10,000

86
2015


4

(a)

1,708,257 1,866,475
2,328,809 2,273,252
358,323 335,415
4,395,389 4,475,142

(b)

5,256,712 5,154,593
7,083,203 9,140,502
85,394 70,394
12,425,309 14,365,489

10%

2015 87


1,843,091 1,619,143
1,356,848 1,466,573
759,943 930,149
295,399 290,947
109,258 134,643
30,850 33,687

4,395,389 4,475,142

75,206 47,399
39,382 35,654
# 26,128 39,714
1,234 7,740
2,733 6,746
21,778 30,152

166,461 167,405

(27,823) 16,982
(66) 837,750
(4,319) 26,328
(606)
19(c) 128,713

95,899 881,060

262,360 1,048,465

88
2015


6



129,001 140,081

129,001 140,081

(24,332) (30,276)

(24,332) (30,276)

104,669 109,805

464,917 484,089
27,138 24,624
3,259 3,306

9,395 9,196
2,002 1,052
8

1,140,860 1,200,860
1,298
* 84,605 93,477
1,225,465 1,295,635

81,805 84,673
17,270 22,179
2,818 6,590
(34,393) (33,404)
1,591 1,167

2015 89


(a)


350 350
350 350
350 350
350 350

(b) 330 330
240 1,910 2,150
240 1,681 1,921
240 240
240 240

35

90
2015


622

(a)


350 350
350 350
350 350
350 350

276 18 294
(c) 125 125
240 18 258
240 18 258
240 18 258
240 18 258

(a)

(b)

(c)

2015 91


12,861 11,096
35
373 418
13,234 11,549

2,000,0012,500,000 2 5
2,500,0013,000,000 2
3,000,0013,500,000 1
5 5

35

92
2015


10
16.5%16.5%

51,082 73,265
568

212,725 231,140
237 (138)
1,720 677
(26,129) 4,670
239,635 310,182

1,108,863 1,891,019
(132,947) (104,562)
975,916 1,786,457
219,567 339,529
(14,705) (51,408)
237 430
(74,097) (78,199)
59,436 59,200

33,511 29,349
(5,369) (12,385)
21,055 23,666
239,635 310,182

70,190,00074,631,0001,000,000
1,159,000

2015 93


11


2.52.5 138,635 140,357
2.52.5 138,635 140,357
4.55 247,896 280,843
2 112,337
525,166 673,894

4.5

94
2015


12

689,833 1,454,562
662,917 284,322
1,352,750 1,738,884
5,603,173,306 5,622,261,004
12.31 25.87
11.83 5.06
24.14 30.93

689,833 1,454,562
662,917 284,322
1,352,750 1,738,884


19,137,349 11,517,591
5,622,310,655 5,633,778,595
12.27 25.82
11.79 5.05
24.06 30.87

2015 95


13

5,740,849 3,079,652 1,674,017 2,677,337 2,834,709 16,006,564
(2,226,842) (1,006,596) (1,002,641) (1,822,720) (6,058,799)
3,514,007 2,073,056 671,376 2,677,337 1,011,989 9,947,765
3,514,007 2,073,056 671,376 2,677,337 1,011,989 9,947,765
1,065 12,008 622,812 206,168 842,053
(3,703) (5,862) (9,565)
(108,484) (82,926) (60,441) (213,066) (464,917)
(2,086) (10,357) (12,443)
(1,783,389) (1,783,389)
(202,138) (202,138)

63,095 53,616 (86,307) (30,404)
(38,756) (112,956) (38,513) (164,996) (42,353) (397,574)

3,364,681 1,930,977 634,343 1,063,319 926,472 7,919,792


5,642,866 2,989,953 1,627,984 1,063,319 2,780,396 14,104,518
(2,278,185) (1,058,976) (993,641) (1,853,924) (6,184,726)
3,364,681 1,930,977 634,343 1,063,319 926,472 7,919,792

96
2015


13

5,748,093 3,061,047 1,480,958 1,855,048 2,760,649 14,905,795
(2,120,784) (921,636) (935,827) (1,696,402) (5,674,649)
3,627,309 2,139,411 545,131 1,855,048 1,064,247 9,231,146
3,627,309 2,139,411 545,131 1,855,048 1,064,247 9,231,146
16,136 10,744 1,134,610 145,721 1,307,211
36 24,469 80,316 37,349 93,488 235,622
(250,546) (40,865) (291,411)
(16,040) (7,229) (8,946) (32,215)
(109,146) (84,524) (40,254) (250,165) (484,089)
(1,447) (1,447)

3,774 82,922 (98,442) 11,746
(2,709) (10,170) (254) (682) (3,237) (17,052)

3,514,007 2,073,056 671,376 2,677,337 1,011,989 9,947,765


5,740,849 3,079,652 1,674,017 2,677,337 2,834,709 16,006,564
(2,226,842) (1,006,596) (1,002,641) (1,822,720) (6,058,799)
3,514,007 2,073,056 671,376 2,677,337 1,011,989 9,947,765

193,971,000465,791,000

1,862,000

336,684,000

2015 97


14

1,285,274 1,859,778
73,353 70,049
123,724 3,402
(1,940) (646,121)
(40,821) (1,834)
1,439,590 1,285,274

778,300 629,500

661,290 655,774
1,439,590 1,285,274

1,439,590,0001,285,274,000

98
2015


14

-20%20%
-20%10%

-20%10%
-30%-4%

15


488,854 443,888
36 5,819
37(b) (38,239)
28,836 104,077
(11,853)
(27,138) (24,624)
(306) (213)
(22,086) (1,854)
456,307 488,854
(27,138) (24,271)
429,169 464,583

2015 99


16



1,636,284 1,584,707
(306,133) (306,133)
1,330,151 1,278,574

36 51,577

1,636,284 1,636,284
(306,133) (306,133)
1,330,151 1,330,151

51%
51%3651,577,000

13%13%)

13%13%)

100
2015


16

1,244,769 1,244,769 85,382 85,382 1,330,151 1,330,151

2015 101


17




116,705 34,291 34,105 185,101
(3,259) (3,259)
(7,749) (7,749)
105,697 34,291 34,105 174,093

124,989 34,291 34,105 193,385
(19,292) (19,292)
105,697 34,291 34,105 174,093
120,457 34,291 34,105 188,853
(3,306) (3,306)
(446) (446)
116,705 34,291 34,105 185,101

132,739 34,291 34,105 201,135
(16,034) (16,034)
116,705 34,291 34,105 185,101

3,259,000

3,306,000

18
38

1,093,669,000316,262,000
279,305,000
181,481,000

102
2015


18




343,649 398,420 277,379 222,252 309,636 323,037
431,004 394,174 307,531 228,223 143,555 139,259
(1,268) (4,235) (3,025)
(124,312) (127,543) (40,763) (69,645) (78,555) (66,897)
650,341 663,783 539,912 377,805 374,636 395,399

605,800 597,720 290,761 260,044 252,926 247,186
224,536 201,016 74,134 51,747 46,751 44,973
110,023 98,498 36,326 25,356 22,908 22,037
(97,089) (82,584) (21,722) (23,276)

265,902 251,329 98,071 87,561 84,687 80,399
(213,664) (67,221) (95,765) (46,246) (31,824) (10,747)

(198,142) (168,539) 92,682 152,055 (44,330) (47,502)

(145,904) 15,569 94,988 193,370 8,533 22,150
43,136 194,393 285,224 206,176 47,848 42,126

2015 103


19


1,002,505 1,076,781
(3,626) (56,321)
998,879 1,020,460

#
10,000 30 30
10,000

# 26 26
100,000,000

# 6,975,000 30 30

# 19,000,000 20 20

10,000 29 29
1

51
1,800,000,000

CDD 1,000,000 40
1,000,000

49

#
821,812,000

104
2015


19
(a)

(b) 50%

(c)
8.22
49%1.295

446,360 2,219,347 1,283,608 2,219,347 1,729,968
1,526,139 1,567,540 1,431,253 1,567,540 2,957,392
(906,810) (658,882) (706,193) (658,882) (1,613,003)
(25,926) (45,345) (86,161) (45,345) (112,087)
1,039,763 3,082,660 1,922,507 3,082,660 2,962,270
1,423,980 2,811,675 3,549,846 3,544,148 4,973,826 6,355,823
457,932 557,493 467,320 403,596 925,252 961,089
34,120 (103,535) 34,120 (103,535)
457,932 557,493 501,440 300,061 959,372 857,554
(321,230) (46,693) (22,620) (46,693) (343,850)

2015 105


19

1,039,763 1,218,209 1,922,507 1,854,688 2,962,270 3,072,897
457,932 557,493 467,320 403,596 925,252 961,089
34,120 (103,535) 34,120 (103,535)
730,616 730,616
1,267 (106,076) 44,097 (141,381) 45,364 (247,457)
(1,498,962) (12,861) (1,498,962) (12,861)
(629,863) (116,000) (78,000) (116,000) (707,863)
1,039,763 3,082,660 1,922,507 3,082,660 2,962,270
530,279 1,002,505 546,502 1,002,505 1,076,781

20


47,977 40,204

106
2015


20
(a) 50%

17,756 14,760
46,349 44,420
(16,128) (18,976)
47,977 40,204
52,923 58,528
(46,779) (50,634)
(1,000) (1,159)
5,144 6,735
(5,000) (5,000)

5,000,000 50 50
#

(b)

21

2015 107


22


14,612 17,574
1,358 2,176
20,042 12,083
36,012 31,833

23


106,450 101,863
2,008,722 4,944
(88,778) (357)
2,026,394 106,450

1,190,847 55,875
835,547 50,575
2,026,394 106,450

2,026,394 106,450

24


185,329 203,470
(12,282) (15,134)
173,047 188,336

108
2015


24

157,070 163,426
7,382 13,673
2,903 4,995
5,692 6,008
234
173,047 188,336

15,134 12,467
1,582 3,647
(762)
(4,434) (218)
12,282 15,134

15,977,00024,910,000

7,382 13,673
2,903 4,995
5,692 6,008
234
15,977 24,910

2015 109


24
12,282,00015,134,000

29
182 194
705 2,195
11,366 12,745
12,282 15,134

25


516,945 507,741

(a) 262,599 278,880
(b) 443,673
(c) 152,471 172,080
(d) 31,076 51,168
(d) 132 4,585
963,223 1,458,127
(85,658) (91,951)
877,565 1,366,176

(c)

110
2015


25

(a) 51%
0.71.5

(b) 7.5%

(c)
51%0.95
1.035.52%

(d)

26

1,640,050 1,419,753

2015 111


26

1,640,050 1,640,050

1,419,753 1,419,753

27


1,346,449 1,130,964
2,392,266 2,233,378
3,738,715 3,364,342

(57,984) (37,317)
3,680,731 3,327,025

3,727,457 3,353,059

(a)(b)

1,695,359,0002,388,387,000

112
2015


27

28

184,448 24,500
2,049 2,303
136
186,497 26,939

25,333 31,878
56 350
3 151
25,392 32,379

8,215 4,131

9,438 26,415

2015 113


29

294,874 256,067
20,360 15,420
4,429 5,126
11,038 10,964
19,084 13,128
349,785 300,705

30


576,719 452,471
332,139 335,837
229,021 178,194
4,394 17,376
73,875
636,065 475,445
1,778,338 1,533,198

31

114
2015


32


(%) (%)

7.2-7.315 25,354
1.975 466 1.975 469
12,6761


(i) 21,008 22,310


1,194 1,268
22,668 62,077

1.57375 800,000 1.5818 800,000
1.975 1,702 1.975 2,185
3,957 3,957

805,659 806,142
828,327 868,219

(i) 60%

1
42(b)(i)

2015 115


32

803,957 803,957
22,202 61,608
2,168 2,654
828,327 868,219

466 38,499
800,465 800,469
930 1,407
307 309
802,168 840,684

22,202 23,578
2,166 2,166
1,791 1,791
26,159 27,535
828,327 868,219

1,702 2,185 1,607 2,039
3,957 3,957 3,782 3,753
5,659 6,142 5,389 5,792

+1%+0.625%

116
2015


33

56,210 19,326
83 306
56,293 19,632

412,996 400,216
4,300 1,447
417,296 401,663

2015 117


33

104,516 37,591 249,120 10,436 401,663

(1,532) 19,021 (6,957) 10,532

6,186 (1,800) 715 5,101
109,170 54,812 242,878 10,436 417,296
116,977 131,150 254,331 10,436 512,894

5,546 9,209 (4,538) 10,217

(531) (1,157) (673) (2,361)
(17,476) (101,611) (119,087)
104,516 37,591 249,120 10,436 401,663

118
2015


33





(19,326) (306) (19,632)

(37,214) 330 223 (36,661)

(37,214) (18,996) (83) (56,293)
(13,619) (466) (14,085)

(5,707) 160 (5,547)

(19,326) (306) (19,632)

(56,293) (19,632)
417,296 401,663
361,003 382,031

89,584,00092,063,000
433,687,000
643,550,00018,529,000
18,001,000

2015 119


34





5,627,987,525 8,966,896 5,634,573,525 563,457
a (130,396,000) (23,456,000)

b 8,364,008
52,172,000 121,942 16,870,000 39,431
5,549,763,525 9,088,838 5,627,987,525 8,966,896

a 117,866,00012,530,000
344,763,920
3.382.26

b 6221137

35

10%
1%

120
2015


35

(i) (ii)
(iii)

1.70 79,320 1.70 102,310
1.70 (1,040) 1.70 (5,580)
1.70 (51,632) 1.70 (17,410)
26,648 79,320

2015 121


35

#

7,994 1.70
7,994 1.70
10,660 1.70
26,648

#

23,797 1.70
23,797 1.70
31,726 1.70
79,320

1,298,000

(%) 3.52%
(%) 47.14%
(%) 2.44%
10
1.7

122
2015


36
2.37(2.990.25(0.31
51%51%

386,215
5,819
235,622
13
5,097
912
65,964
(100,873)
(2,145)
(50,476)
546,148

(267,612)
16 51,577
330,113

386,215
(330,113)
56,102

112,279,000
13,247,000
193,609,00051,311,000

2015 123


37
(a)
5.10
6.43

201512311.7

43

711,770
179
711,949

(64,388)
(206,558)
(27,510)
(298,456)
413,493

(30,587)
429,371
812,277
812,277

812,277
(179)
(2,178)
809,920

642,600,000169,677,000

124
2015


37
(b) Dean Success Limited

6.02

286,233
38,239
6,454
2,625
65,772
22,146
2,467
4,603
4,827
94,089
527,455

(65,317)
(39,234)
(105,299)
(811)
(823)
(211,484)
315,971

(9,926)
419,500
725,545
725,545

725,545
(94,089)
(1,510)
629,946

2015 125


37
(c) Allied Well Holdings Ltd.Assets Dynasty Limited
Ruskin Overseas Ltd.5.87

651,299
321
977
296
6,042
658,935

(30)
(6,771)
(83,345)
(82,147)
(94,991)
(267,284)
391,651

(69,205)
418,333
740,779
740,779

740,779
(6,042)
(14,180)
720,557

126
2015


38



1,300,000 100 100

10 100 100
1

12,000,000 100 100

34

5 1,0001,000 100
10,000
10,000

29,640,000 78 78
345

500,000 100 100

500,000

101,000 100 100

5,000
500,000

101,000 100 100

10,000
1,000,000

4 380,000 100 100

10,000 100 100

10,000

10,000,000 100 100

10,000,000

2015 127


38



25 231,000,000 100 100

4 3,319,932 100 100

4 3,162,750 100 100

101,000 100 100

1,000,000

100,000,000

4 500,000,000 100 100

30,000 100 100

4 486,000 100 100

1
1,072,000
1

2200 100 100

5,000
500,000

21,547,000 100 100

34

100,001 100 100

100,001

15 100,000,000 51 51

257,140,000 65 65
15

128
2015


38



5,000,000 100 100

34

24 132,250,000 100 100

2 326,000,000 100 100

22 100 100
2
2

24 30,000,000 100 100

Hotel Metropole Holdings Limited 11 100 100

1001

3,800,000 80 80
34

22 100 100
100
100

2015 129


38



Metrocity Hotel Limited 11 100 100

1001

5 11 100 100

1,000,000 80 80
1,000,000

15 184,000,000 51 51

15 29,500,000 51 51

4 6,740,000 100 100

200,000 100 100

22 100 100
100
100

4 6,471,639 100 100

Well Done Enterprises Inc. 11 100 100

1 301,000,000 89.14 89.14

130
2015


38



3 44,000,000 60 60

24 3,900,000 100 100

34 10,000,000 100 100

24 10,000,000 100 100

15 82,834,661 80 80

3 6,000,000 60 60

15 192,117,800 51 51

8,100,000 51 51
15

1,000,000 100
245

2015 131


39

300 300

40
(a)
1314
11015

93,742 71,308
67,354 128,985
67 13,084
161,163 213,377

1,524 2,190

132
2015


40
(b)

#
62,900 46,964
81,381 50,209
60,930 67,761
205,211 164,934

41

1,217,592 1,348,558

5,001 14,983

156,312 12,237

2015 133


42
(a)

(a)
(#) 269,005 296,370
25,905 36,303
52,978 52,267
5,378 6,080

(a)
2,262 1,657
1,869 2,844

(b)
18,500 18,014
8,781 9,943

(c)
1,425 1,318
38,354 38,814

(a)
(65,855) (58,548)
(2,790) (3,304)
(2,402) (2,429)

(b)
(9,909) (10,512)

(c)
(17,642) (15,143)
(4,783) (5,212)

#
45%

(a)

(b)

(c)

134
2015


42
(b)
(i) 78%
30,000,000

(ii) 51%
300,000,000

220,000,000

(iii)

40

(iv)


40

(c)
8

16,900 13,915
127
16,900 14,042

(d)
(i)

(ii)
20

2015 135


43

349,785 349,785
1,778,338 1,778,338
8,215 8,215
9,438 9,438
27,580 814,434 842,014
2,173,356 814,434 2,987,790

300,705 300,705
1,533,198 1,533,198
4,131 4,131
26,415 26,415
69,777 814,630 311 884,718
1,934,226 814,630 311 2,749,167

136
2015


43

24

5 64,593
10 129,186

5 122,628
10 245,256

2015 137


43

1%
8,232,0008,630,0000.5%
18,694,000 16,822,000

10%50%

349,785 300,705
1,778,338 1,533,198
8,215 4,131
9,438 26,415
828,327 868,219
2,974,103 2,732,668

15,405,159 15,541,933

19% 18%

138
2015


43




4.523.921.1210%
10%
10%10%

1.7044

44

5.106.4351%

4.29
2.34

2015 139


45

4,819 3,289
4,200 3,980
5,790,705 6,292,290
13,948 13,949
5,813,672 6,313,508

56
31,099 36,552
9,020,946 8,438,067
156,990
57 122
289,188 976,640
9,498,336 9,451,381
15,312,008 15,764,889

140
2015


45

9,088,838 8,966,896
(a) 4,070,409 4,048,596
13,159,247 13,015,492

800,000 800,000
800,000 800,000

55,934 47,497
1,209,374 1,893,306
4,023
875 2,661
86,578 1,910
1,352,761 1,949,397
2,152,761 2,749,397
15,312,008 15,764,889

...................................... ......................................

2015 141


45
(a)

8,357,579 6,429 74,602 2,725,586 11,164,196

1,836,035 1,836,035

(8,357,579) (6,429) (8,364,008)
1,298 1,298
(68,257) (68,257)
36,705 (36,888) (183)
(10,752) (10,752)
(15,095) 15,095
(4,534) (4,534)
(224,485) (224,485)
(280,714) (280,714)

(31,552) 45,519 4,034,629 4,048,596

1,041,853 1,041,853
(313,212) (313,212)
344,764 (345,875) (1,111)
(33,250) (33,250)
(663) 663
(395,197) (395,197)
(277,270) (277,270)

11,606 4,058,803 4,070,409

2.25

142
2015


100%
338

100%
148

100%
75

100%
199

100%
22

100%
41-49

100%

89.14%

60%
1559

2015 143


23191112

338

77

144
2015
 (308)

Faultless Service,
Quality Life.

Faultless Service, 2015

Quality Life. 2015

(308)