FINANCIAL HIGHLIGHTS 2022 2021(e) Results Note HK$M HK$M Change For the year Restated Revenue 13,826 16,318 -15% Profit attributable to the Company’s shareholders Underlying (a), (b) 8,706 9,532 -9% Recurring underlying (b) 7,176 7,143 0% Reported 7,980 7,112 +12% Cash generated from operations 6,332 7,028 -10% Net cash (outflow)/inflow before financing (3,243) 1,849 N/A HK$ HK$ Earnings per share Underlying (c), (d) 1.49 1.63 -9% Recurring underlying (c), (d) 1.23 1.22 0% Reported (c), (d) 1.36 1.22 +12% Dividend per share First interim 0.32 0.31 +3% Second interim 0.68 0.64 +6% Financial Position At 31st December HK$M HK$M Total equity (including non-controlling interests) 292,258 293,610 0% Net debt 18,947 10,334 +83% Gearing ratio (a) 6.5% 3.5% +3%pt. HK$ HK$ Equity attributable to the Company’s shareholders per share (a) 49.44 49.85 -1% Notes: (a) Refer to glossary on page 215 for definition. (b) A reconciliation between reported profit and underlying profit attributable to the Company’s shareholders is provided on page 33. (c) Refer to note 14 to the financial statements for the weighted average number of shares. (d) The percentage change is the same as the corresponding percentage change in profit attributable to the Company’s shareholders. (e) Following a change in accounting policy resulting from the agenda decision approved by the IFRS Interpretation Committee on “Lessor Forgiveness of Lease Payments (IFRS 9 and IFRS 16)”, the 2021 comparative figures have been restated. In this connection, revenue for the year ended 31st December 2021 has been increased by HK$427 million while underlying and reported profit has each been reduced by HK$9 million. Reported equity as at 31st December 2021 has been reduced by HK$548 million. Refer to note 1(c) to the financial statements for further details. UNDERLYING HK$M PROFIT/LOSSES BY SEGMENT 10,000 8,706 9,532 8,000 1,530 2,389 Property in et­ent 108 erring erring 6,000 nderying nderying proit proit Property trading 7,176 7,143 4,000 7,409 7,482 Hote 2,000 €i et­ent 0 (341) (45) -2,000 (294) 2022 2021 (etated) 16