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FINANCIAL REVIEW
7
Interim Report 2016
Financial Performance
The Trust Group’s revenue and unaudited consolidated profit for the period ended
30 June 2016 were HK$5,326 million (2015: HK$5,232 million) and HK$1,101 million
(2015: HK$1,205 million) respectively.
Distribution
The Trustee-Manager Board has declared an interim distribution of HK19.92 cents
(2015: HK19.92 cents) per SSU for the six months ended 30 June 2016. In order
to enable the Trust to pay that distribution, the Company Board has declared the
payment of a first interim dividend in respect of the Company’s ordinary shares held
by the Trustee-Manager of HK19.92 cents (2015: HK19.92 cents) per ordinary share in
respect of the same period.
Six months ended 30 June
2016
2015
HK$ million
HK$ million
Consolidated profit attributable
to SSU holders for the period
1,101
1,205
After:
(i)
eliminating the effects of the Adjustments
(see note (a) below)
2,742
2,611
(ii)
adding/(deducting)
– movement in Fuel Clause
Recovery Account
979
775
– changes in working capital
(423)
(478)
– adjustment for employee retirement
benefit schemes
12
8
– taxes paid
(233)
(238)
335
67
(iii)
capital expenditure payment
(1,340)
(1,099)
(iv)
deducting
– debt repayment
(6,296)
(520)
– net finance costs
(639)
(485)
(6,935)
(1,005)
(v)
deducting
– reserve for future capital expenditure/
debt service
(439)
(19)
Distributable income for the period
(4,536)
1,760
(vi)
adding discretionary item
– early repayment of debt during the period
6,296
–
Distributable income after adjustment of
discretionary item
1,760
1,760
Distribution amount for the period
1,760
1,760
Interim distribution amount per SSU
HK19.92 cents
HK19.92 cents