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2
Performance Highlights
3
Chairman’s Statement
6
Year at a Glance
CEO’s Report
8
Operation Review
16
Sustainability Review
24
Awards Gallery
26
Long-term Development Strategy
27
Risk Management
29
Risk Factors
31
Boards of Directors and Senior Management
38
Combined Corporate Governance Report
55
Financial Review
58
Combined Report of the Directors
HK Electric Investments and
HK Electric Investments Limited
61
Independent Auditor’s Report
67
Consolidated Statement of Profit or Loss
68
Consolidated Statement of Comprehensive Income
69
Consolidated Statement of Financial Position
70
Consolidated Statement of Changes in Equity
71
Consolidated Cash Flow Statement
72
Notes to the Financial Statements
HK Electric Investments Manager Limited
127
Independent Auditor’s Report
129
Statement of Profit or Loss and Other Comprehensive Income
130
Statement of Financial Position
131
Statement of Changes in Equity
132
Cash Flow Statement
133
Notes to the Financial Statements
137
Financial Summary of the Groups
138
HK Electric – Ten-Year Scheme of Control Statement
139
HK Electric – Ten-Year Statement of Financial Position
140
HK Electric – Ten-Year Operating Statistics
141
Corporate Information
142
Financial Calendar and Share Stapled Unit Information
143
Glossary
CONTENTS