PROFIT ATTRIBUTABLE HK$M TO THE COMPANY’S 36,000 SHAREHOLDERS 30,000 24,000 Property Hotels 18,000 investment 12,000 Property Cange in air trading vale o investment 6,000 properties 0 otal attritale proit otal nderlying proit -6,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022  estated­  estated­ TOTAL EQUITY AND HK$M NET DEBT 350,000 300,000 250,000 200,000 Total equity 150,000 Net debt 100,000 50,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (Restated) (Restated) RETURNS ON % AVERAGE EQUITY 20 15 10 5 Group Group – underlying 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 (Restated) (Restated) SWIRE PROPERTIES ANNUAL REPORT 2022 19