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Cover

Cover

Inside Cover

Inside Cover

Contents

1

Performance Highlights

2

Chairman's Statement

3

Year at a Glance

6

CEO's Report

8

Operation Review

8

Sustainability Review

16

Awards Gallery

24

Long-term Development Strategy

26

Risk Management

27

Risk Factors

29

Boards of Directors and Senior Management

31

Combined Corporate Governance Report

38

Financial Review

55

Combined Report of the Directors

58

HK Electric Investments and HK Electric Investments Limited

61

Independent Auditor’s Report

61

Consolidated Statement of Profit or Loss

67

Consolidated Statement of Comprehensive Income

68

Consolidated Statement of Financial Position

69

Consolidated Statement of Changes in Equity

70

Consolidated Cash Flow Statement

71

Notes to the Financial Statements

72

HK Electric Investments Manager Limited

127

Independent Auditor’s Report

127

Statement of Profit or Loss and Other Comprehensive Income

129

Statement of Financial Position

130

Statement of Changes in Equity

131

Cash Flow Statement

132

Notes to the Financial Statements

133

Financial Summary of the Groups

137

The Hongkong Electric Company, Limited – Ten-Year Scheme of Control Statement

138

The Hongkong Electric Company, Limited – Ten-Year Statement of Financial Position

139

The Hongkong Electric Company, Limited – Ten-Year Operating Statistics

140

Corporate Information

141

Financial Calendar and Share Stapled Unit Information

142

Glossary

143

Inside Back Cover

Back Inside Cover

Back Cover

Back Cover