
Financial Performance - Guoco Group reported a total revenue of HKD 10.5 billion for the fiscal year 2022, representing a 15% increase compared to the previous year[9]. - The company achieved a net profit of HKD 2.3 billion, which is a 20% increase year-on-year[9]. - The company's revenue for the fiscal year ended June 30, 2022, was HKD 15,758 million, representing a 26% increase from HKD 12,522 million in 2021[29]. - The profit attributable to shareholders decreased by 22% to HKD 1,960 million, down from HKD 2,501 million in the previous year[29]. - Earnings per share (EPS) fell by 22% to HKD 6.03, compared to HKD 7.69 in 2021[29]. - Operating profit increased by 29% to HKD 1,153 million, up from HKD 891 million in 2021[29]. - The group recorded a consolidated profit attributable to shareholders of HKD 1.96 billion for the year ended June 30, 2022, down from HKD 2.50 billion in the previous year, reflecting a decrease of approximately 21%[34]. - The property development and investment segment reported a 132% year-on-year increase in profit attributable to shareholders, reaching SGD 392.7 million (approximately HKD 2.26 billion)[40]. - The group reported a consolidated net profit for the year ending June 30, 2022, with total revenue significantly impacted by its subsidiaries in self-investment, property development, and hotel and leisure businesses[175]. Dividends - The company declared a final dividend of HKD 1.50 per share, subject to shareholder approval at the annual general meeting[4]. - The company declared a total dividend of HKD 2.00 per share, unchanged from the previous year[29]. - The company has maintained its interim dividend at HKD 0.50 per share and proposed a final dividend of HKD 1.50 per share[29]. - The board proposed a final dividend of HKD 1.50 per share, consistent with the previous year's dividend[36]. - The interim dividend declared on March 23, 2022, was HKD 0.50 per share, totaling HKD 164,526,000, consistent with the previous year[180]. - The proposed final dividend of HKD 1.50 per share, totaling HKD 493,579,000, is to be paid on November 24, 2022, also unchanged from the previous year[180]. Market Expansion and Strategy - The company plans to expand its market presence in the UK and Australia through strategic partnerships established in 2017[11]. - The company is focused on expanding its market presence and enhancing its product offerings in the upcoming fiscal year[29]. - The group is committed to identifying suitable land for development to maintain project growth and enhance its property portfolio[41]. - Rank plans to continue focusing on efficiency across its businesses amid ongoing inflation and challenging market conditions[45]. - The group plans to continue focusing on sustainable growth and shareholder returns amidst uncertain economic conditions[35]. Risk Management - The company has a strong risk management system in place to control financial risks and manage liquidity assets[10]. - The company has established a risk management framework to continuously identify risks, assess their potential impact and occurrence probability, and implement relevant mitigation procedures[159]. - The audit committee reviews the effectiveness of the company's risk management and internal control systems quarterly based on submitted risk profile reports[160]. - The company has established a risk management committee to assist the board in managing environmental, social, and governance risks[117]. Corporate Governance - The board of directors has adopted a corporate governance code based on the Hong Kong Stock Exchange's rules, ensuring compliance and enhancing business performance and accountability[116]. - The company is committed to maintaining high standards of corporate governance and regularly reviews its risk management and internal control systems[116]. - The company has implemented a share option plan to align the long-term interests of employees with those of shareholders, thereby enhancing morale and talent retention[113]. - The company emphasizes continuous professional development for all directors, ensuring they are well-informed on business operations, risk management, and corporate governance[134]. - The company has a policy for the nomination of directors, focusing on board structure, independence, and diversity[142]. - The company is dedicated to ensuring the effectiveness of its nomination policy and will make necessary updates to align with regulatory and governance requirements[147]. Subsidiaries and Investments - Guoco Land, a subsidiary, has a property portfolio that includes 39 residential projects providing over 11,000 apartments and residences in Singapore[12]. - The flagship development, Guoco Tower, includes premium Grade A office space, luxury apartments, a five-star hotel, and a 150,000 square foot urban park[12]. - Guohao Group has developed a large property portfolio across major cities in China, including Beijing, Shanghai, Nanjing, and Tianjin, and is currently constructing large-scale projects in Shanghai and Chongqing[14]. - GLH Hotels Group operates over 4,700 rooms and more than 120 meeting and event spaces in London, featuring four iconic hotel brands[15]. - Hong Leong Financial Group has over 240 branches across Malaysia, Singapore, and Hong Kong, providing comprehensive personal finance, asset management, and corporate banking services[16]. Challenges and Market Conditions - Manuka Health New Zealand Limited faced a significant decrease in customer traffic due to high inflation and ongoing external challenges, impacting product sales[47]. - The group remains cautious about cash flow management and will continue to implement cost control measures in response to global economic uncertainties[51]. - The self-investment segment experienced a pre-tax loss of HKD 430.7 million due to market volatility and unrealized valuation losses[37]. - The company is committed to achieving long-term sustainable growth and returns for shareholders despite ongoing challenges[51]. Employee and Management - The company employed approximately 10,300 employees at year-end, focusing on continuous training programs to enhance employee capabilities and quality[113]. - The management team includes experienced professionals with backgrounds in finance, investment, and real estate, ensuring strong leadership and strategic direction[18][19][20][21]. - The remuneration for executive directors and senior management is determined based on performance, years of service, experience, and responsibilities, with regular reviews against market practices[138]. Financial Position - The total assets of the company as of 2022 were HKD 130,246 million, while total liabilities were HKD 54,918 million[32]. - The company reported a net debt of HK$17.7 billion, with an equity-to-debt ratio of 76:24 as of June 30, 2022[106]. - Approximately 86% of the group's bank loans and borrowings are subject to floating interest rates, with a notional amount of HK$9.7 billion in interest rate contracts[108]. - The total notional amount of outstanding foreign exchange contracts as of June 30, 2022, was HKD 14.9 billion, primarily used for hedging foreign currency risks and investments[111]. Other Information - The company’s environmental, social, and governance (ESG) report will be published by the end of November 2022, detailing compliance with relevant laws and regulations[177]. - The group made charitable donations amounting to USD 620,000 during the year, a decrease from USD 1,790,000 in the previous year[183]. - The five largest customers accounted for less than 30% of the total revenue, indicating a diversified customer base[182].