Resultados preliminares 2023
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7 de marzo de 2024
El siguiente anuncio se emitió hoy a un Servicio de Información Regulatoria aprobado por la Autoridad de Conducta Financiera en el Reino Unido.
HONGKONG LAND HOLDINGS LIMITED
ANUNCIO PRELIMINAR DE RESULTADOS 2023
Destacados
· La utilidad subyacente cayó 5% a US$734 millones
· Improved results from Investment Properties
· Lower development profits on the Chinese mainland
· La posición financiera del grupo se mantiene sólida
· Dividend maintained, final dividend at US¢16 per share
"Market conditions in the Group's core markets of Hong Kong and the Chinese mainland are expected to remain challenging in 2024. While the resilience of our Investment Properties business provides the Group with a solid base of recurring earnings, trading performance of the Hong Kong Central portfolio is expected to be lower, due to negative office rental reversions. An improvement in Development Properties earnings is anticipated, however, based on planned project completions on the Chinese mainland and in South Asia. The Group remains in a strong financial position, with a development pipeline of income-producing assets.
I am delighted to welcome Michael Smith as Chief Executive and look forward to the contribution his extensive expertise and experience will make to the Group's future growth."
ben keswick
Presidente
Resultados
Año terminado el 31 de diciembre | |||
2023 US $ millones | 2022 US $ millones | Cambios % | |
Beneficio subyacente atribuible a los accionistas* | 734 | 776 | -5 |
(Pérdida)/ganancia atribuible a los accionistas | (582) | 203 | N/A |
Fondos de accionistas | 31,965 | 33,303 | -4 |
Deuda neta | 5,371 | 5,817 | -8 |
¢ EE.UU. | ¢ EE.UU. | % | |
Ganancias por acción subyacentes* | 33.15 | 34.44 | -4 |
(Pérdida) / ganancias por acción | (26.29) | 8.99 | N/A |
Dividendos por acción | 22.00 | 22.00 | - |
US$ | US$ | % | |
Valor liquidativo por acción | 14.49 | 14.95 | -3 |
* The Group uses 'underlying profit attributable to shareholders' in its internal financial reporting to distinguish between ongoing business performance and non-trading items, as more fully described in Note 27 to the financial statements. Management considers this to be a key measure which provides additional information to enhance understanding of the Group's underlying business performance. |
A final dividend of US¢16 per share will be payable on 15th May 2024, subject to approval at the Annual General Meeting to be held on 8th May 2024, to shareholders on the register of members at the close of business on 22nd March 2024.
HONGKONG LAND HOLDINGS LIMITED
ANUNCIO PRELIMINAR DE RESULTADOS
POR EL EJERCICIO TERMINADO EL 31 DE DICIEMBRE DE 2023
Visión general
The Group's performance during the year was impacted by lower profits from Development Properties, despite improved results from Investment Properties compared to 2022, as trading conditions in its key markets continue to be impacted by economic uncertainties and subdued capital market activity.
The Group remains focussed on addressing changes in customer preferences and behaviours, as well as market conditions, and is continuing to add to its suite of digital services, introduce innovative concepts, deepen collaborations with tenants, and reinvest in its core assets.
ACTUACIÓN
La utilidad subyacente atribuible a los accionistas cayó un 5% a US$734 millones.
Profits from the Group's Investment Properties business increased, mainly due to improved performance from its luxury retail and Singapore office portfolios, offsetting reduced contributions from the Hong Kong office portfolio. Total contributions from Development Properties were impacted by challenging market conditions on the Chinese mainland, which led to lower sales and reduced profit margins. In addition, the decision was taken to impair a small number of residential projects, although this was broadly offset by net gains from the acquisition of two equity stakes in existing joint-venture projects for considerations below development cost.
The loss attributable to shareholders was US$582 million, after including net non-cash losses of US$1,317 million arising primarily from the revaluation of the Group's Investment Properties portfolio. This compares to a profit of US$203 million in 2022, which included net non-cash losses of US$573 million from lower property revaluations. In both years, the net negative revaluation movements principally arose in Hong Kong, where there was a gradual decrease in valuations of the Group's prime office portfolio.
El El valor liquidativo por acción al 31 de diciembre de 2023 era de 14.49 USD, en comparación con los 14.95 USD de finales de 2022..
Los directores recommend a final dividend of US¢16 per share, resulting in a total dividend for the year of US¢22 per share, unchanged from last year.
Desarrollo de negocios
The Group has 5.2 million sq. m. of assets under development, which include West Bund and nine luxury and premium retail for lease assets on the Chinese mainland. These retail assets are scheduled to complete in stages, mainly between 2024 and 2028.
The Group continues to be disciplined in evaluating and selecting strategic investment opportunities that are expected to improve capital performance, while maintaining a strong balance sheet position. In 2023, US$1.3 billion was invested in new land and property acquisitions across the Group.
During the year, two new acquisitions were made on the Chinese mainland, in Chongqing and Beijing.
- The Chongqing site is adjacent to existing residential and luxury retail projects that the Group has under development in the Guanyinqiao area. The total developable area of the site is approximately 301,000 sq. m. and will primarily consist of residential for sale.
- In September, the Group secured a 20% interest in the development of a mixed-use site in the western side of Beijing, consisting of commercial and residential components. The total developable area of the site is approximately 199,000 sq. m.
In addition, the Group completed the acquisition of equity stakes in two existing mixed-used projects in Nanjing and Wuhan from joint-venture partners at attractive valuations.
In Singapore, the Group acquired two residential sites in the Outside Central Region of Singapore. These sites will be developed in joint ventures with other developers. The Group's effective interest in these projects equates to a developable area of 584,000 sq. ft.
In Jakarta, two acquisitions were made, increasing the land bank of the Group's 50% held joint-venture residential development business.
Financiación
The Group's financial position remains strong, with net debt of US$5.4 billion at 31st December 2023, down from US$5.8 billion at the end of 2022. Net gearing at the end of the year was 17%, unchanged from the end of 2022. As at 31st December 2023, the Group had committed liquidity of US$4.0 billion, with an average tenor of debt of 6.3 years, compared to 5.8 years at the end of 2022.
SOSTENIBILIDAD
The Group's growth and progress on sustainability initiatives continues to be underpinned by its Sustainability Framework 2030, which addresses material topics that are linked to measurable targets.
As part of the Group's commitment to decarbonise its operations in line with its 2030 near-term targets, which were validated by the Science Based Targets initiative in 2022, several initiatives were delivered during the year. These included:
- To reduce Scope 1 and 2 greenhouse gas emissions, the Group continues to reinvest in and upgrade its existing portfolios across the region, including prioritising the deployment or enhancement of artificial intelligence solutions to drive energy efficiency. This includes the piloting of Integrated Facilities Management Control Tower technology at the Hong Kong Central Portfolio, which uses machine learning to optimise thermal comfort and energy efficiency, as well as to enable predictive operations and maintenance.
- To address Scope 3 emissions from tenants, the Group launched the Tenant Sustainability Partnership Programme for its Central Portfolio, to foster closer collaboration with tenants on sustainability, focussing in particular on providing support to tenants in achieving green fit-outs and operations.
- The Group also took a significant step forward in tackling its embodied carbon footprint from development activities, by being one of the first property companies in the region to build measurement tools bespoke to its major construction supply chains. The Group expects the integration of these tools across the design and planning, procurement, and construction stages of its development projects to drive emissions reductions in the coming years.
The Group's continued commitment and strong performance on sustainability initiatives has been recognised in a number of ESG ratings, especially those involving in-depth assessments requiring active participation. The Group was pleased to receive the highest 5-star ratings from the Global Real Estate Sustainability Benchmark (GRESB) under both the Standing Investments and Development benchmarks for 2023. In addition, the Group was named Global Sector Leader (Diversified Sector) for the first time under GRESB's Development benchmark. Hongkong Land also qualified, for the second consecutive year, as a constituent of the Dow Jones Sustainability Asia Pacific Index, as a result of its strong performance in the 2023 S&P Global Corporate Sustainability Assessment, and was included in the S&P Global Sustainability Yearbook 2024, which recognises the top 15% of sector participants globally.
PERSONAS
On behalf of the Board, I would like to express my gratitude to our people, who continue to demonstrate unwavering commitment despite challenging market conditions.
Robert Wong, who has been the Chief Executive of Hongkong Land since 2016, will step down as Chief Executive and as a Director of the Board on 31st March 2024. He will be succeeded by Michael Smith, previously the Regional Chief Executive Officer of Europe and the US at Mapletree Investments. We are grateful to Robert for his leadership and significant contributions to the Group over his close to four decades of service.
Prijono Sugiarto and Anthony Nightingale stepped down from the Board in May 2023 and January 2024, respectively. As previously announced, Yiu Kai Pang will be stepping down from the Board, the Audit Committee and Remuneration Committee in March 2024. We would like to record our gratitude to all of them for the contributions they have made over many years to the Group. We were pleased to welcome Stuart Grant to the Board as an Independent Non-Executive Director in March 2023. Stuart has also become a member of the Audit Committee since June 2023 and, as a result, the Audit Committee now comprises a majority of Independent Non-Executive Directors.
PANORAMA
Market conditions in the Group's core markets of Hong Kong and the Chinese mainland are expected to remain challenging in 2024. While the resilience of our Investment Properties business provides the Group with a solid base of recurring earnings, trading performance of the Hong Kong Central portfolio is expected to be lower, due to negative office rental reversions. An improvement in Development Properties earnings is anticipated, however, based on planned project completions on the Chinese mainland and in South Asia. The Group remains in a strong financial position, with a development pipeline of income-producing assets.
ben keswick
Presidente
RESEÑA DEL JEFE EJECUTIVO
Hongkong Land delivered a respectable performance for the year, despite economic uncertainties in a majority of key markets, with underlying profits marginally lower than those achieved in 2022. Contributions from the Group's Investment Properties were higher, due to its luxury retail portfolio benefitting from a steady recovery of tenant sales and positive rental reversions for the Singapore office portfolio. The contribution from Development Properties decreased as expected due to less favourable market conditions and the impairment of residential inventory in some projects.
ESTRATEGIA
Hongkong Land is a landlord and a developer operating in China and South East Asia. The Group's primary focus is to develop, grow and hold for long-term investment a portfolio of prime commercial investment properties across the region, while also developing premium residential and commercial properties for sale on an opportunistic basis to enhance shareholder returns.
The Group's Investment Properties are predominantly commercial and located in core business districts of key Asian gateway cities, with a concentration in Hong Kong and Singapore. Returns principally arise from rental income and long-term capital appreciation. The Investment Properties segment is the largest contributor to the Group's earnings, given its relative size and maturity. It accounted for 82% of the Group's gross assets at the end of 2023 (2022: 83%) and contributed 78% of the Group's underlying operating profit before corporate expenses in 2023 (2022: 70%).
The Group's Development Properties are predominantly premium residential and mixed-use developments located primarily in China, Singapore and Indonesia. Returns principally arise from trading profits from the immediate sale of the residential and office components; and rental and trading profits for certain commercial elements of mixed-use sites that are disposed of, or reclassified as Investment Properties, after rents have stabilised. Development Properties accounted for 18% of the Group's gross assets at the end of 2023 (2022: 17%) and 22% of the Group's underlying operating profit before corporate expenses in 2023 (2022: 30%).
Geographically, China generates the bulk of the Group's earnings. Hong Kong, which predominantly comprises Investment Properties, accounted for 61% of the Group's underlying operating profit before corporate expenses in 2023 (2022: 57%), while the Chinese mainland, which predominantly comprises Development Properties, accounted for 16% (2022: 23%).
The Investment Properties portfolios in Hong Kong and Singapore provide a stable stream of recurring earnings and balance sheet strength that enables the Group to selectively pursue new long-term investment opportunities in key gateway cities across the region. Earnings from the Development Properties business are largely reinvested to replenish the Group's land bank where opportunities arise. The Group's share of capital allocated to new investments totaled US$1.3 billion in 2023 (2022: US$1.0 billion).
This strategy has resulted in a significant development portfolio (summarised below) which will provide the Group with enhanced earnings as construction works complete in the coming few years.
Propiedades de inversión de Hong Kong
In Hong Kong, the Group's Central Portfolio consists of 12 interconnected prime commercial buildings forming the heart of the financial district in Central, providing over 450,000 sq. m. of Grade A office and luxury retail space. This integrated mixed-use development is positioned as the pre-eminent office, luxury retail, restaurant and hotel accommodation in Hong Kong. It continues to attract both prime office tenants and luxury retailers, in addition to housing the acclaimed Landmark Mandarin Oriental hotel.
Hong Kong's position as one of Asia's leading financial and business hubs, combined with the scarcity of supply of high-quality, well-managed space in Central and the unique qualities of the Group's portfolio, continue to support relatively low vacancy and strong rents. Despite ongoing challenging conditions, Hong Kong continues to possess unique advantages as a financial centre that are not easily replicated. The Group remains confident that Hong Kong will continue to thrive as the primary gateway for capital flows in and out of the Chinese mainland and will remain an important finance and commercial hub for decades to come.
The Group's 56,000 sq. m. retail portfolio is integrated with its office buildings to create part of its distinctive and successful mixed-use business model. Tenants include numerous global luxury brand flagship stores, as well as a number of leading restaurants. LANDMARK is firmly established as the iconic luxury shopping and fine dining destination in Hong Kong. The Group works continuously to ensure that LANDMARK remains the clear market-leading location in the city in which global luxury brands are represented.
Otras Propiedades de Inversión
Outside Hong Kong, the Group has similarly established itself as a leading provider of prime office and retail space. In Singapore, Hongkong Land's attributable interests totaling 165,000 sq. m. - principally concentrated in the Marina Bay Area - include some of the finest Grade A office space in the market. In China, the Group's 43,000 sq. m. WF CENTRAL complex in Beijing is positioned as a premium retail and lifestyle destination, which includes a Mandarin Oriental hotel that has established itself as one of the most exclusive hotels in the city. In Indonesia, the Group has attributable interests of over 100,000 sq. m. of Grade A office space through its 50%-owned joint venture, Jakarta Land.
The Group's performance in these markets depends on the levels of demand for, and supply of, prime office and luxury retail space, both of which are influenced by global and regional macroeconomic conditions. The Group is committed to maintaining excellence in product quality and service to retain and attract tenants and customers, and it will continue to seek new opportunities to develop prime investment properties in key Asian gateway cities. HKL's market leading occupancy levels within its Investment Properties portfolios is testament to the quality and attractiveness of its asset base.
Propiedades de desarrollo
The Group has established a strong and profitable Development Properties business focussed primarily on the premium residential market segment in China, Singapore and Indonesia. In China, the Group has a presence in seven key markets: Beijing, Chengdu, Chongqing, Hangzhou, Nanjing, Shanghai and Wuhan. These markets are expected to continue to benefit from the growth of the middle class and long-term urbanisation trends on the Chinese mainland. While the capital invested in the Development Properties business is significantly lower than that invested in Investment Properties, the earnings derived from this business enhance the Group's diversification, overall profits and return on capital. The Group's attributable interest in the developable area of its projects at the end of 2023 totaled 11.2 million sq. m., compared to 10.7 million sq. m. at the end of 2022. Of this, construction of approximately 59% had been completed at the end of 2023, compared to 54% at the end of 2022.
Annual returns from Development Properties fluctuate, due to the nature of projects and the Group's accounting policy of recognising profits for sold properties on completion in a number of markets, including China. Demand is also dependent on overall economic conditions, which can be significantly affected by government policies and the availability of credit.
REVISIÓN DE PROPIEDADES DE INVERSIÓN
Profits from Investment Properties in 2023 were 3% higher than the prior year, primarily due to higher contributions from the Group's luxury retail and Singapore office portfolios, which more than offset lower contributions from the Hong Kong office portfolio. The value of the Group's Investment Properties portfolio at 31st December 2023 declined by 5%, mainly from the Hong Kong office portfolio.
香港
Overall demand in the office market remained weak in 2023, as a result of subdued capital market activity, with a modest level of new leasing enquiries. However, the Group's Central office portfolio continued to outperform the broader market, driven largely by a flight to quality demand. Physical vacancy was 7.4% at year-end. On a committed basis, vacancy was 6.8%, compared to 4.7% at the end of 2022. This compares to 9.9% in the wider Central Grade A office market. The Group's average office rent in 2023 was HK$106 per sq. ft., down from last year's average of HK$111 per sq. ft., as rental reversions remained negative during the year. Financial institutions and legal and accounting firms occupy 83% of the Group's total leased office space. The weighted average lease expiry of the office portfolio at the end of 2023 stood at 3.8 years, compared to 4.0 years at the end of 2022.
The Group's luxury retail portfolio in Hong Kong benefitted from a steady recovery in market sentiment following the lifting of travel restrictions in late 2022. Average retail rent in 2023 increased to HK$203 per sq. ft. from HK$177 per sq. ft. due to mildly positive rental reversions and temporary rent relief provided to support tenants in the prior year. Vacancy, on both a physical and committed basis, remained low at 1.5%.
In April 2023, the Group successfully debuted Cuarenta y cinco, occupying the 44th floor and rooftop of Gloucester Tower. Spanning 20,000 sq. ft., Cuarenta y cinco houses five restaurants and bars. Cuarenta y cinco demonstrates the Group's commitment to deliver exceptional experiences to customers and to cement Central's status as an attractive destination for affluent visitors.
In 2023, we were proud to celebrate the 50th anniversary of Jardine House, the first skyscraper in Hong Kong and an iconic part of the city's skyline. Completed in 1973, Jardine House quickly became the hub that attracted influential business leaders and decision-makers as tenants. Today, Jardine House exemplifies the Group's dedication to innovate and reinvest in existing assets, as it remains one of the more sought after premium Grade A office buildings in Hong Kong. In terms of sustainability, Jardine House is amongst the best-in-class in Hong Kong, retaining the highest possible green building ratings: BEAM Plus Certification for Existing Buildings - Platinum and "Super Low" status in energy performance certification issued via the Zero-Carbon-Ready Building Certification Scheme by the Hong Kong Green Building Council.
The value of the Group's Investment Properties portfolio in Hong Kong at 31st December 2023, based on independent valuations, declined by 5% to US$24.8 billion, primarily as a result of a decline in market rent for Hong Kong office and a mild expansion of capitalisation rates.
Singapur
Sentiment in the office leasing market in Singapore moderated in 2023, due to global economic uncertainties that have affected overall demand. Overall vacancy across the entire Grade A central business district was 5.5% at the end of 2023, unchanged from the end of 2022. Physical vacancy at the Group's office portfolio was 1.9% at the year end, whilst on a committed basis vacancy was 0.9% at the end of 2023, compared to 2.2% at the end of 2022. Average rent increased to S$10.9 per sq. ft. in 2023, up from S$10.6 per sq. ft. in the previous year, driven by positive rental reversions. Financial institutions and legal and accounting firms occupy 72% of the Group's total leased office space. The weighted average lease expiry of the office portfolio at 2023 year-end stood at 3.1 years (2022: 3.4 years). The valuation of the Investment Properties portfolio in Singapore was stable year over year.
China continental
In Beijing, contributions from the Group's luxury retail mall at WF CENTRAL increased in 2023, driven by a good recovery in footfall and tenant sales since anti-pandemic restrictions were lifted.
Good progress has been made on the development of the West Bund Financial Hub, the Group's prime mixed-use development in Shanghai. The first component of this 1.1 million sq. m. landmark development to be offered will be the luxury residential component of the project, which is expected to launch in 2024. Completion of other components is expected to occur in phases from 2024 to 2027.
Otras Propiedades de Inversión
Contributions from ONE CENTRAL Macau increased by 62% in the year, driven by strong leasing and positive rental reversions. Physical occupancy was 95%, compared to 84% at the end of the prior year.
In Jakarta, occupancy across the office portfolio was 67% at the end of 2023, a solid performance amidst a backdrop of surplus city-wide office supply. On a committed basis, occupancy was 69% compared to 72% at the end of 2022. The average net rent was US$14.5 per sq. m. in 2023, compared to US$15.0 per sq. m. in the prior year.
In Bangkok, planning of the Group's 49%-owned prime commercial joint-venture development in the central business district, secured in late 2017, is under review in response to the changing market conditions, with a greater amount of retail space to be created in response to increased demand from luxury retail tenants. This development has a gross floor area of approximately 312,000 sq. m.
El desempeño en otras propiedades de inversión del Grupo estuvo dentro de las expectativas.
REVISIÓN DE PROPIEDADES DE DESARROLLO
Earnings from the Group's Development Properties business were lower in 2023 than in 2022, due to challenging market conditions on the Chinese mainland. Following a review of development cost and market sales prices, the decision was taken to recognise an impairment of US$90 million on a small number of residential projects, notably in two projects in Wuhan.
China continental
The Group's development properties on the Chinese mainland comprise 37 projects in seven cities, of which 15 are in Chongqing. As at 31st December 2023, the Group's net investment in development properties on the Chinese mainland was US$6.6 billion, compared to US$6.5 billion at the end of 2022.
While the Development Properties business is predominantly focussed on selling residential properties, the Group is also developing luxury and premium lifestyle retail properties on the Chinese mainland. It currently has four such properties in operation, with a total attributable net leasable area of 175,000 sq. m. In addition, a further ten projects, with an estimated attributable net leasable area of 358,000 sq. m. are expected to be launched from 2024 to 2028. The Group's share of net investment in its luxury retail pipeline amounts to US$1.4 billion, and its share of net investment in its lifestyle retail pipeline amounts to US$1.0 billion. The majority of these commitments had already been funded at the point of land acquisition.
Set out below is a summary of the Group's luxury and premium lifestyle retail properties pipeline on the Chinese mainland, by geographical location.
Cartera de propiedades minoristas de lujo
Proyecto | Ciudad | Attributable net leasable area |
JL CENTRO | Nanjing | 23,300 |
tierra eterna | Chongqing | 44,400 |
Bund Oeste* | Shanghai | 56,600 |
Suzhou CENTRAL* | Suzhou | 38,100 |
* The West Bund luxury retail segment and Suzhou CENTRAL are recognised under Investment Properties.
Proyecto de propiedades minoristas de estilo de vida premium
Proyecto | Ciudad | Attributable net leasable area |
centro de la galaxia | Shanghai | 8,800 |
Ciudad de nosotros | Chengdu | 50,600 |
Ciudad Yue | Nanjing | 23,600 |
Avenida Central | Chongqing | 38,700 |
Bahía de Hangzhou | Hangzhou | 22,800 |
Tierra de los sueños | Wuhan | 53,400 |
The Group maintained its disciplined approach to evaluating new development opportunities during 2023, amidst uncertain market conditions. During the year, the Group secured two new joint venture projects on the Chinese mainland, one in Chongqing and the other in Beijing. Both sites are mixed-used developments.
During the year, the Group acquired additional equity stakes in two existing projects, in Nanjing (Yue City) and Wuhan (Dream Land), at considerations below net asset value. The projects are mixed-used in nature, with residential and commercial components.
Despite uncertainties across the broader China property market, pre-sales performance at the Group's new residential developments remained solid. The Group's share of total contracted sales in 2023 was US$1,530 million, 18% higher than the US$1,300 million achieved in the prior year, due to the resilient demand for high-quality, well-located residential space. The Group's attributable interest in revenue recognised in 2023, including its share of revenue in joint ventures and associates, was US$1,621 million, compared to US$1,873 million in 2022.
A 31 de diciembre de 2023, la participación atribuible del Grupo en ventas contratadas vendidas pero aún no reconocidas ascendía a 2,031 millones de dólares estadounidenses, frente a 2,087 millones de dólares estadounidenses al cierre de 2022.
Set out below is a summary of the Group's Development Properties pipeline on the Chinese mainland, by geographical location.
Oleoducto de propiedades de desarrollo (China continental)
Ciudad | Numero de proyectos | Developable area* | Ingresos por venta de propiedades* (US$m) | % of construction completed | % of Development Properties exposure(^) on the Chinese mainland | |
2023 | 2022 | |||||
Chongqing | 15 | 5,045 | 510 | 1,113 | 80% | 32% |
Shanghai | 5 | 396 | 144 | 59 | 45% | 20% |
Nanjing | 4 | 472 | 291 | 100 | 53% | 18% |
Wuhan | 4 | 888 | 122 | 56 | 57% | 14% |
Chengdu | 5 | 1,211 | 550 | 27 | 85% | 8% |
Beijing | 2 | 78 | - | - | - | 7% |
Hangzhou | 2 | 309 | 4 | 518 | 53% | 1% |
Total | 37 | 8,399 | 1,621 | 1,873 | 74% | 100% |
*Incluye la participación de HKL en empresas conjuntas y asociadas
^Exposure represents residual land cost plus committed construction cost, less secured pre-sales proceeds
Singapur
Residential market sentiment remained healthy in 2023, with solid sales performance at the Group's existing projects, including the 638-unit Leedon Green and 407-unit Piccadilly Grand and Galleria developments, which are both effectively sold out. During the year, the Group launched sales for one project - 638-unit Tembusu Grand - in which 59% was sold or reserved as at the end of the year.
The Group's attributable interest in contracted sales was US$587 million in 2023, compared to US$615 million in the prior year. The Group's attributable interest in revenue recognised in 2023 was US$443 million, compared to US$379 million in the prior year.
A 31 de diciembre de 2023, la participación atribuible del Grupo en ventas contratadas vendidas pero aún no reconocidas ascendía a 736 millones de dólares estadounidenses, frente a 589 millones de dólares estadounidenses al cierre de 2022.
During the year, the Group secured two residential sites in Singapore, including a 51% interest in a site on Clementi Avenue and a 50% interest in Pine Grove Parcel B, both located in the Outside Central Region of southwestern Singapore. Total developable area of the two sites is approximately 1.1 million sq. ft. and is expected to yield over 1,000 units.
Set out below is a summary of the Group's Development Properties pipeline in Singapore.
Pipeline de propiedades de desarrollo (Singapur)
Proyecto | Developable area* | Ingresos por venta de propiedades* (US$m) | Finalización prevista | % of Development Properties exposure(^) en el sudeste asiático | |
2023 | 2022 | ||||
verde leedon | 27 | 273 | 190 | Completado | - |
Piccadilly Grand y Galería | 20 | 97 | 25 | 2025 | - |
Grand Copen | 34 | - | - | 2025 | - |
Gran Tembusu | 29 | 73 | - | 2025 | 9% |
Clementia | 26 | - | - | 2027 | 18% |
Pinar | 29 | - | - | 2027 | 20% |
*Incluye la participación de HKL en empresas conjuntas y asociadas
^Exposure represents residual land cost plus committed construction cost, less secured pre-sales proceeds
Indonesia y otras propiedades de desarrollo
In Indonesia, construction of the Group's residential projects is progressing well. Nava Park is the Group's 49% joint venture comprising a mix of landed houses, villas, mid-rise apartments and low-rise commercial components. Of the 949 units which have been launched for sale, 92% had been sold as at the end of 2023.
In the rest of South East Asia, construction activities continue to progress well, with pre-sales performance in line with expectations.
Set out below is a summary of the Group's Development Properties pipeline in South East Asia, other than Singapore.
Development Properties Pipeline (South East Asia Ex. Singapore)
País | Numero de proyectos | Developable area* | Ingresos por venta de propiedades* (US$m) | % de construcción completada | % of Development Properties exposure(^) en el sudeste asiático | |
2023 |
2022 | |||||
Indonesia | 8 | 951 | 84 | 67 | 25% | 33% |
Tailandia | 3 | 215 | 29 | 22 | 16% | 13% |
Filipinas | 3 | 713 | 55 | 20 | 12% | 6% |
Vietnam | 1 | 40 | 12 | 90 | Completado | 1% |
*Incluye la participación de HKL en empresas conjuntas y asociadas
^Exposure represents residual land cost plus committed construction cost, less secured pre-sales proceeds
EL AÑO PRÓXIMO
Operating conditions across the Group's key markets are likely to remain uncertain in 2024, due to geopolitical and macroeconomic headwinds. The Group's Investment Properties portfolio is expected to continue generating stable returns, although contributions from the Hong Kong Central portfolio are expected to be lower due to negative office rental reversions. In the Development Properties business, higher contributions are expected, due to more planned sales completions in the coming year.
We pride ourselves on delivering world-class services and offerings to our tenants and customers, as well as on maintaining a disciplined approach to evaluating new opportunities. These values are fundamental to our long-term success, as they enable us to withstand the test of challenging market conditions and competition, thus maintaining and strengthening our market positions.
I will retire from the position of Chief Executive on 31st March 2024 and I would like to thank colleagues, partners and investors for their support during my close to 40 years' service to Hongkong Land. While current market conditions are challenging, the quality of the Hongkong Land brand, its prime asset base and dedicated people will ensure that the Group will continue to grow and prosper.
Roberto Wong
Director
Hong Kong Land Holdings Limited Cuenta de pérdidas y ganancias consolidada por el año terminado el 31 de diciembre de 2023 | ||||||||||||||||||||||||||||||
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| 1,844.3 |
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|
| - |
|
|
| 1,844.3 | 2,244.4 | - | 2,244.4 |
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Costos operativos netos |
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(nota 3) |
| (1,050.0) |
|
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| 16.6 |
|
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| (1,033.4) | (1,398.4) | - | (1,398.4) |
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Cambio en el valor razonable de |
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propiedades de inversión |
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(nota 7) |
| - |
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| (1,323.5) |
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| (1,323.5) | - | (559.3) | (559.3) |
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(Pérdida) / beneficio operativo |
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(nota 4) |
| 794.3 |
|
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| (1,306.9) |
|
|
| (512.6) | 846.0 | (559.3) | 286.7 |
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Cargos financieros netos |
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- gastos de financiación |
| (265.9) |
|
|
| - |
|
|
| (265.9) | (234.9) | - | (234.9) |
| ||||||||||||||||
- ingresos de financiación |
| 81.5 |
|
|
| - |
|
|
| 81.5 | 66.8 | - | 66.8 |
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| (184.4) |
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| - |
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| (184.4) |
| (168.1) | - | (168.1) |
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Participación de los resultados de los asociados |
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y conjunta |
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empresas |
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- antes del cambio de feria |
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valor de la inversión |
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| ||||||||||||||||||||
propiedades | 234.7 |
|
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| - |
|
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| 234.7 | 229.3 | - | 229.3 |
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- change in fair value of |
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propiedades de inversión |
| - |
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| 18.0 |
|
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| 18.0 | - | (24.5) | (24.5) |
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234.7 | 18.0 | 252.7 | 229.3 | (24.5) | 204.8 |
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(Pérdida) / beneficio antes de impuestos |
| 844.6 |
|
|
| (1,288.9) |
|
|
| (444.3) | 907.2 | (583.8) | 323.4 |
| ||||||||||||||||
Impuestos (nota 6) |
| (107.2) |
|
|
| (25.6) |
|
|
| (132.8) | (131.7) | 7.9 | (123.8) |
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(Pérdida) / beneficio después de impuestos |
| 737.4 |
|
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| (1,314.5) |
|
|
| (577.1) | 775.5 | (575.9) | 199.6 |
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Atribuible a: |
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Accionistas de la |
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Empresa |
| 734.2 |
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| (1,316.5) |
|
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| (582.3) | 776.1 | (573.4) | 202.7 |
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Participaciones no controladoras |
| 3.2 |
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| 2.0 |
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| 5.2 | (0.6) | (2.5) | (3.1) |
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| 737.4 |
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| (1,314.5) |
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| (577.1) | 775.5 | (575.9) | 199.6 |
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| ¢ EE.UU. |
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| ¢ EE.UU. | ¢ EE.UU. | ¢ EE.UU. |
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(Loss)/earnings per share (basic and diluted) (nota 8) |
| 33.15 |
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| (26.29) | 34.44 | 8.99 |
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Hong Kong Land Holdings Limited Declaración consolidada de ingreso comprensivo por el año terminado el 31 de diciembre de 2023 | |||||||||||||||||
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| 2023 US $ millones |
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| 2022 US $ millones |
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(Pérdida) / beneficio del año |
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| (577.1) |
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| 199.6 |
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Otro integral ingreso/(gastos) |
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Elementos que no se reclasificarán para obtener beneficios |
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o perdida: |
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Remediciones de planes de beneficios definidos |
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| 0.7 |
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| (1.6) |
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Impuesto sobre artículos que no se reclasificarán |
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| (0.1) |
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| 0.3 |
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| 0.6 |
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| (1.3) |
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Elementos que pueden reclasificarse posteriormente |
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a ganancias o pérdidas: |
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Diferencias de conversión de cambio netas |
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- pérdida neta surgida durante el año |
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| (82.2) |
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| (116.8) |
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- transferencia a pérdidas y ganancias |
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| 0.6 |
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| - |
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| (81.6) |
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| (116.8) |
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Coberturas de flujo de efectivo |
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- net (loss)/gain arising during the year |
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| (53.1) |
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| 2.4 |
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- transferencia a pérdidas y ganancias |
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| (2.2) |
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| (2.4) |
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| (55.3) |
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Impuesto relativo a los elementos que pueden ser |
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reclasificado |
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| 9.1 |
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Participación de otro gasto integral |
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de asociadas y negocios conjuntos |
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| (59.1) |
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| (523.6) |
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| (186.9) |
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| (640.4) |
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Otro gasto integral para el |
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año, neto de impuestos |
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| (186.3) |
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| (641.7) |
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Gasto integral total del año |
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| (763.4) |
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| (442.1) |
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Atribuible a: |
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Accionistas de la Compañía |
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| (767.4) |
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| (431.9) |
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| |||
Participaciones no controladoras |
|
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| 4.0 |
|
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| (10.2) |
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| (763.4) |
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| (442.1) |
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| |||||||||||||||||||||||||||
Hong Kong Land Holdings Limited Hoja de balance consolidado al 31 de diciembre de 2023 |
| ||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
2023 US $ millones | 2022 US $ millones | ||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
| |||||||||||||||||||||||||||
Activos operativos netos | |||||||||||||||||||||||||||
Factivos fijos |
| 99.7 | 111.8 | ||||||||||||||||||||||||
Activos por derecho de uso |
| 12.1 | 13.0 | ||||||||||||||||||||||||
Propiedades de inversión (nota 10) |
| 26,687.2 | 28,054.1 | ||||||||||||||||||||||||
Asociados y empresas conjuntas |
| 9,284.2 | 9,616.0 | ||||||||||||||||||||||||
Deudores no corrientes |
| 14.2 | 16.8 | ||||||||||||||||||||||||
Activos por impuestos diferidos |
| 113.3 | 98.2 | ||||||||||||||||||||||||
Activos de pensiones |
| 1.0 | 0.9 | ||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
Activos no corrientes |
| 36,211.7 | 37,910.8 | ||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
Propiedades en venta |
| 2,926.1 | 2,910.7 | ||||||||||||||||||||||||
Deudores actuales |
| 374.1 | 539.4 | ||||||||||||||||||||||||
Activos por impuestos corrientes |
| 60.4 | 62.5 | ||||||||||||||||||||||||
Saldos bancarios |
| 1,195.6 | 1,173.4 | ||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
Activos circulantes |
| 4,556.2 | 4,686.0 | ||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
Acreedores actuales |
| (1,705.9) | (1,667.0) | ||||||||||||||||||||||||
Préstamos corrientes (nota 11) |
| (781.6) | (419.1) | ||||||||||||||||||||||||
Pasivos por impuestos corrientes |
| (189.8) | (328.9) | ||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
Pasivo circulante |
| (2,677.3) | (2,415.0) | ||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
Activos corrientes netos |
| 1,878.9 | 2,271.0 | ||||||||||||||||||||||||
Préstamos a largo plazo (nota 11) |
| (5,785.3) | (6,571.4) | ||||||||||||||||||||||||
Pasivos por impuestos diferidos |
| (249.1) | (257.1) | ||||||||||||||||||||||||
Pasivos por pensiones |
| (0.1) | (1.8) | ||||||||||||||||||||||||
Acreedores no corrientes |
| (68.8) | (24.4) | ||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
| 31,987.3 | 33,327.1 | |||||||||||||||||||||||||
|
|
| |||||||||||||||||||||||||
Equidad total |
|
| |||||||||||||||||||||||||
Capital social |
| 220.7 | 222.7 | ||||||||||||||||||||||||
Ingresos y otras reservas |
| 31,744.7 | 33,080.7 | ||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||
Fondos de accionistas |
| 31,965.4 | 33,303.4 | ||||||||||||||||||||||||
Participaciones no controladoras |
| 21.9 | 23.7 | ||||||||||||||||||||||||
|
|
| |||||||||||||||||||||||||
|
| 31,987.3 | 33,327.1 | ||||||||||||||||||||||||
| |||||||||||||||||||||||||||
Hong Kong Land Holdings Limited Estado de cambios en el patrimonio neto consolidado por el año terminado el 31 de diciembre de 2023 | ||||||||||||||||
| Atribuible a accionistas | Atribuible a no |
|
| ||||||||||||
| Compartir capital US $ millones |
| Compartir producto de más alta calidad. US $ millones |
| Ingresos reservas US$m |
| Cobertura reservas US $ millones |
| Intercambie reservas US $ millones |
| de la Compañía US$m |
| participación mayoritaria millones de dólares estadounidenses |
| Total equidad US $ millones | |
2023 | ||||||||||||||||
El 1 de enero | 222.7 |
| - |
| 33,449.8 |
| (3.0) |
| (366.1) |
| 33,303.4 |
| 23.7 |
| 33,327.1 | |
Gasto integral total | - |
| - |
| (581.7) |
| (54.7) |
| (131.0) |
| (767.4) |
| 4.0 |
| (763.4) | |
Dividendos pagados por la Compañía (nota 9) | - |
| - |
| (488.7) |
| - |
| - |
| (488.7) |
| - |
| (488.7) | |
Dividendos pagados a accionistas minoritarios | - |
| - |
| - |
| - |
| - |
| - |
| (0.6) |
| (0.6) | |
Dividendos no reclamados perdidos | - |
| - |
| 1.3 |
| - |
| - |
| 1.3 |
| - |
| 1.3 | |
Recompra de acciones | (2.0) |
| - |
| (81.2) |
| - |
| - |
| (83.2) |
| - |
| (83.2) | |
Enajenación de filiales | - |
| - |
| - |
| - |
| - |
| - |
| (5.2) |
| (5.2) | |
al 31 de diciembre | 220.7 |
| - |
| 32,299.5 |
| (57.7) |
| (497.1) |
| 31,965.4 |
| 21.9 |
| 31,987.3 | |
2022 | ||||||||||||||||
El 1 de enero | 229.8 | 67.4 | 34,022.4 | (20.2) | 284.4 | 34,583.8 | 34.4 | 34,618.2 | ||||||||
Gasto integral total | - | - | 201.4 | 17.2 | (650.5) | (431.9) | (10.2) | (442.1) | ||||||||
Dividendos pagados por la Compañía (nota 9) | - | - | (498.8) | - | - | (498.8) | - | (498.8) | ||||||||
Dividendos pagados a accionistas minoritarios | - | - | - | - | - | - | (0.5) | (0.5) | ||||||||
Dividendos no reclamados perdidos | - | - | 1.0 | - | - | 1.0 | - | 1.0 | ||||||||
Recompra de acciones | (7.1) | (67.4) | (276.2) | - | - | (350.7) | - | (350.7) | ||||||||
al 31 de diciembre | 222.7 | - | 33,449.8 | (3.0) | (366.1) | 33,303.4 | 23.7 | 33,327.1 | ||||||||
Hong Kong Land Holdings Limited Estado de flujo de efectivo consolidado por el año terminado el 31 de diciembre de 2023 | |||||||||
|
| ||||||||
| 2023 US $ millones | 2022 US $ millones |
| ||||||
| |||||||||
| |||||||||
Actividades de explotación |
|
|
| ||||||
| |||||||||
|
| ||||||||
(Pérdida) / beneficio operativo | (512.6) | 286.7 |
| ||||||
Depreciación | 16.5 | 17.5 |
| ||||||
Cambio en el valor razonable de las propiedades de inversión | 1,323.5 | 559.3 |
| ||||||
Pérdida por enajenación de activos fijos | - | 2.8 |
| ||||||
Ganancia en la adquisición de subsidiarias | (31.6) | (1.3) |
| ||||||
Ganancia neta por enajenación of subsidiarias y empresas conjuntas | (15.9) | - |
| ||||||
Decrease in properties for sale | 187.5 | 88.9 |
| ||||||
Disminución de deudores |
| 83.0 | 487.4 |
| |||||
Aumento / (disminución) de acreedores | 8.2 | (498.0) |
| ||||||
Interés recibido |
| 46.4 | 45.6 |
| |||||
Intereses y otros cargos financieros pagados | (251.2) | (228.2) |
| ||||||
Impuesto pagado | (287.3) | (124.7) |
| ||||||
Dividendos de asociadas y negocios conjuntos | 135.1 | 222.3 |
| ||||||
|
| ||||||||
| |||||||||
flujos de efectivo por actividades operacionales | 701.6 | 858.3 |
| ||||||
|
| ||||||||
|
| ||||||||
Actividades de inversión |
|
|
| ||||||
| |||||||||
|
| ||||||||
Gastos de reformas importantes | (85.3) | (94.6) |
| ||||||
Repayments from associates and joint ventures | 1,183.3 | 435.3 |
| ||||||
Inversiones en asociadas y negocios conjuntos | (401.4) | (254.3) |
| ||||||
Anticipos a asociadas y negocios conjuntos | (434.3) | (798.6) |
| ||||||
Enajenación de filiales | 29.3 | - |
| ||||||
Enajenación de empresas conjuntas | 8.5 | - |
| ||||||
Adquisición de subsidiarias | (30.9) | (14.5) |
| ||||||
|
| ||||||||
| |||||||||
Flujos de efectivo de actividades de inversión | 269.2 | (726.7) |
| ||||||
|
| ||||||||
|
| ||||||||
Actividades de financiación |
|
|
| ||||||
| |||||||||
|
| ||||||||
Disposición de empréstitos | 2,121.9 | 2,399.6 |
| ||||||
Reembolso de préstamos | (2,569.5) | (1,954.7) |
| ||||||
Elementos principales de los pagos por arrendamiento | (3.4) | (4.1) |
| ||||||
Recompra de acciones | (83.2) | (352.3) |
| ||||||
Dividendos pagados por la Compañía | (486.2) | (503.7) |
| ||||||
Dividendos pagados a accionistas minoritarios | (0.6) | (0.5) |
| ||||||
|
| ||||||||
|
| ||||||||
Flujos de efectivo de actividades de financiación |
| (1,021.0) | (415.7) |
| |||||
|
| ||||||||
Salida neta de efectivo | (50.2) | (284.1) |
| ||||||
Efectivo y equivalentes de efectivo a 1 de enero | 1,171.5 |
| 1,476.1 |
| |||||
Efecto de las variaciones del tipo de cambio | (9.1) | (20.5) |
| ||||||
| |||||||||
Efectivo y equivalentes de efectivo a 31 de diciembre |
| 1,112.2 | 1,171.5 |
| |||||
|
|
|
|
Hong Kong Land Holdings Limited
Notas
1. ACCOUNTING POLICIES AND BASIS OF PREPARATION
The financial information contained in this announcement has been based on the audited results for the year ended 31st December 2023 which have been prepared in accordance with International Financial Reporting Standards, including International Accounting Standards ('IAS') and Interpretations as issued by the International Accounting Standards Board ('IASB').
El Grupo ha adoptado las siguientes modificaciones para el período de información anual que comienza el 1 de enero de 2023.
Amendments to IAS 1 and IFRS Practice Statement 2 - Disclosure of Accounting Policies (effective from 1st January 2023)
Las modificaciones requieren que las entidades revelen políticas contables materiales en lugar de importantes. Las modificaciones definen qué es "información material sobre políticas contables" y explican cómo identificar cuándo la información sobre políticas contables es material. La información material sobre políticas contables es información que, cuando se considera junto con otra información incluida en los estados financieros de una entidad, puede razonablemente esperarse que influya en las decisiones que los usuarios principales de los estados financieros con propósito general toman sobre la base de esos estados financieros. El IASB aclara además que no es necesario revelar información inmaterial sobre políticas contables. Si se divulga, no debe ocultar información contable importante. Para respaldar esta modificación, el IASB también modificó la Declaración de Práctica 2 de las NIIF Realizar Juicios de Materialidad para proporcionar orientación sobre cómo aplicar el concepto de materialidad a las revelaciones de políticas contables.
Modificación a la NIC 12 - Impuesto Diferido relacionado con Activos y Pasivos que surgen de una Transacción Única (vigente a partir del 1 de enero de 2023)
The amendment requires deferred tax to be recognised on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. They typically apply to transactions such as leases of lessees and decommissioning obligations and require the recognition of additional deferred tax assets and liabilities. The Group applied the amendment from 1st January 2023 and there is no material impact on the Group's consolidated financial statements.
Enmienda a la NIC 12 - Reforma Fiscal Internacional - Reglas Modelo del Segundo Pilar (efectiva para el período de informe anual que comienza a partir del 1 de enero de 2023)
La enmienda proporciona una excepción obligatoria temporal de la contabilidad de impuestos diferidos con respecto a los impuestos sobre la renta del Pilar Dos y ciertos requisitos de divulgación adicionales. El Grupo está dentro del alcance de las reglas modelo del Pilar Dos de la OCDE y ha aplicado la enmienda desde el 1 de enero de 2023.
Se ha promulgado o se ha promulgado sustancialmente legislación del Pilar Dos en determinadas jurisdicciones en las que opera el Grupo. La legislación entrará en vigor para el período de informe anual del Grupo que comienza el 1 de enero de 2024. Dado que la legislación del Pilar Dos no entró en vigor el 31 de diciembre de 2023, el Grupo no tiene exposición fiscal actual relacionada.
The Group is in scope of the enacted or substantively enacted legislation and has performed an assessment of the Group's potential exposure to Pillar Two income taxes when the legislation comes into effect. The assessment of the potential exposure to Pillar Two income taxes is based on the latest financial information for the year ended 31st December 2023 of the constituent entities in the Group. Based on the assessment, the effective tax rates in most of the jurisdictions in which the Group operates are above 15%. However, there are a limited number of jurisdictions where the effective tax rate is slightly below or close to 15%. The Group does not expect a material exposure to Pillar Two income taxes in those jurisdictions.
Aparte de lo anterior, no existen otras modificaciones que sean efectivas en 2023 y relevantes para las operaciones del Grupo que tengan un impacto significativo en los resultados, la situación financiera y las políticas contables del Grupo.
El Grupo no ha adoptado de forma anticipada ninguna norma, interpretación o modificación que haya sido emitida pero que aún no haya entrado en vigor.
2. INGRESOS
2023 US $ millones | 2022 US $ millones | ||||||||
| |||||||||
| |||||||||
Ingresos por alquiler | 934.7 | 927.5 | |||||||
Service income and others |
| ||||||||
| |||||||||
- reconocido en un momento dado | 33.7 | 28.0 | |||||||
- reconocido con el tiempo | 175.5 | 162.9 | |||||||
| |||||||||
| |||||||||
209.2 | 190.9 | ||||||||
Ventas de propiedades |
| ||||||||
| |||||||||
- reconocido en un momento dado | 671.7 | 953.4 | |||||||
- reconocido con el tiempo | 28.7 | 172.6 | |||||||
| |||||||||
| |||||||||
700.4 | 1,126.0 | ||||||||
| |||||||||
1,844.3 | 2,244.4 |
Las rentas variables totales incluidas en los ingresos por rentas ascendieron a US$ 41.0 millones (2022: US $ 30.9 millones).
3. NET OPERATING COSTS
2023 US $ millones | 2022 US $ millones | ||||||||
| |||||||||
| |||||||||
El costo de ventas | (913.6) | (1,223.7) | |||||||
Otros ingresos | 54.3 | 40.8 | |||||||
Gastos administrativos | (221.6) | (214.0) | |||||||
Pérdida por enajenación de activos fijos | - | (2.8) | |||||||
Ganancia en la adquisición de subsidiarias | 31.6 | 1.3 | |||||||
Net gain on disposal of subsidiaries and joint ventures | 15.9 | - | |||||||
| |||||||||
(1,033.4) | (1,398.4) |
4. OPERATING (LOSS)/PROFIT
2023 US $ millones | 2022 US $ millones | |||||||
| ||||||||
| ||||||||
por negocio | ||||||||
Propiedades de inversión | 833.7 | 820.7 | ||||||
Propiedades de desarrollo | 54.3 | 114.1 | ||||||
Sector empresarial | (93.7) | (88.8) | ||||||
| ||||||||
794.3 | 846.0 | |||||||
Cambio en el valor razonable de las propiedades de inversión | (1,323.5) | (559.3) | ||||||
Ganancia por enajenación de subsidiarias | 16.6 | - | ||||||
| ||||||||
(512.6) | 286.7 |
5. SHARE OF RESULTS OF ASSOCIATES AND JOINT VENTURES
2023 US $ millones | 2022 US $ millones | ||||||||
| |||||||||
| |||||||||
por negocio |
|
| |||||||
Propiedades de inversión |
| ||||||||
| |||||||||
- beneficio operativo | 150.4 | 130.7 | |||||||
- cargos financieros netos | (51.7) | (43.4) | |||||||
- impuesto | (16.2) | (15.0) | |||||||
| |||||||||
| |||||||||
- beneficio neto | 82.5 | 72.3 | |||||||
| |||||||||
Propiedades de desarrollo |
| ||||||||
| |||||||||
- beneficio operativo | 218.2 | 289.5 | |||||||
- cargos financieros netos | (32.4) | (16.8) | |||||||
- impuesto | (33.6) |
| (113.9) | ||||||
- sin control de intereses | - | (1.8) | |||||||
| |||||||||
| |||||||||
- beneficio neto | 152.2 | 157.0 | |||||||
| |||||||||
Rendimiento empresarial subyacente | 234.7 | 229.3 | |||||||
Cambio en el valor razonable de las propiedades de inversión | |||||||||
(impuesto neto) | 18.0 | (24.5) | |||||||
| |||||||||
252.7 | 204.8 |
6. TAX
2023 US $ millones | 2022 US $ millones | ||||||||
| |||||||||
| |||||||||
El impuesto cargado a pérdidas y ganancias se analiza como sigue: |
| ||||||||
| |||||||||
Impuesto corriente | (155.1) | (128.3) | |||||||
Impuesto diferido | 22.3 | 4.5 | |||||||
| |||||||||
(132.8) | (123.8) |
El impuesto relacionado con los componentes de otro resultado integral se analiza como sigue:
2023 US $ millones | 2022 US $ millones | ||||||||
| |||||||||
| |||||||||
Remediciones de planes de beneficios definidos | (0.1) | 0.3 | |||||||
Coberturas de flujo de efectivo | 9.1 | - | |||||||
| |||||||||
9.0 | 0.3 |
El impuesto sobre beneficios se ha calculado a los tipos impositivos vigentes en los territorios en los que opera el Grupo.
Participación en el cargo fiscal de asociadas y negocios conjuntos de US$51.7 millones (2022: US $ 127.0 millones) se incluye en participación en los resultados de asociadas y negocios conjuntos.
7. NON-TRADING ITEMS
Non-trading items are separately identified to provide greater understanding of the Group's underlying business performance. Items classified as non-trading items include fair value gains or losses on revaluation of investment properties; gains and losses arising from the sale of businesses and investment properties; impairment of non-depreciable intangible assets; provisions for the closure of businesses; acquisition-related costs in business combinations; and other credits and charges of a non-recurring nature that require inclusion in order to provide additional insight into underlying business performance.
A continuación se presenta un análisis de las partidas no negociables después de intereses, impuestos y participaciones no controladoras:
| 2023 US $ millones | 2022 US $ millones |
| |||||||
|
|
|
| |||||||
|
|
|
|
| ||||||
| Cambio en el valor razonable de las propiedades de inversión | (1,323.5) | (559.3) |
| ||||||
Impuesto sobre el cambio en el valor razonable de las propiedades de inversión | (25.6) | 7.9 |
| |||||||
Ganancia por enajenación de subsidiarias | 16.6 | - |
| |||||||
Participación del cambio en el valor razonable de las propiedades de inversión en |
|
| ||||||||
asociadas y negocios conjuntos (neto de impuestos) | 18.0 | (24.5) |
| |||||||
Participaciones no controladoras | (2.0) | 2.5 |
| |||||||
|
|
|
| |||||||
(1,316.5) | (573.4) |
| ||||||||
8. EARNINGS PER SHARE
Earnings per share are calculated on loss attributable to shareholders of US$582.3 million (2022: utilidad de US$202.7 millones) y sobre la media ponderada de 2,215.1 millones (2022: 2,253.7 millones) acciones en circulación durante el año.
Earnings per share are additionally calculated based on underlying profit attributable to shareholders. A reconciliation of earnings is set out below:
2023 | 2022 | ||||||||
| US $ millones | Ganancias por acción ¢ EE.UU. |
US $ millones | Ganancias por acción ¢ EE.UU. | |||||
|
|
|
| ||||||
Beneficio ordinario atribuido a |
|
|
|
| |||||
accionistas |
| 734.2 |
| 33.15 | 776.1 | 34.44 | |||
Artículos no comerciales (nota 7) |
| (1,316.5) |
|
| (573.4) | ||||
(Pérdida)/ganancia atribuible a los accionistas |
| (582.3) |
| (26.29) | 202.7 | 8.99 |
9. DIVIDENDS
| 2023 US $ millones | 2022 US $ millones | ||||
Dividendo complementario respecto del 2022 de US¢16.00 |
|
| ||||
(2021: US¢16.00) por acción |
| 355.9 | 364.5 | |||
Dividendo provisorio respecto del 2023 de US¢6.00 |
|
| ||||
(2022: US¢6.00) por acción |
| 132.8 | 134.3 | |||
| 488.7 | 498.8 |
Un dividendo complementario con respecto al 2023 de US¢16.00 (2022: ¢16.00 EE.UU.) por acción por un total de US$ 353.1 millones (2022: US $ 356.3 millones) is proposed by the Board. The dividend proposed will not be accounted for until it has been approved at the 2024 Annual General Meeting. The amount will be accounted for as an appropriation of revenue reserves in the year ending 31st December 2024.
10. PROPIEDADES DE INVERSIÓN
| 2023 US $ millones | 2022 US $ millones | ||||
El 1 de enero |
| 28,054.1 | 28,600.2 | |||
Diferencias de cambio |
| (69.7) | (77.3) | |||
Adiciones |
| 49.6 | 95.4 | |||
Transferencia a activos fijos |
| - | (4.9) | |||
Enajenación de filiales |
| (23.3) | - | |||
Disminución del valor razonable |
| (1,323.5) | (559.3) | |||
al 31 de diciembre |
| 26,687.2 | 28,054.1 |
11. PRESTAMOS
2023 US $ millones | 2022 US $ millones | |||||||||
| ||||||||||
| ||||||||||
Current |
|
| ||||||||
|
|
| ||||||||
sobregiros bancarios | 1.2 | 1.9 | ||||||||
préstamos bancarios | 74.2 | 87.4 | ||||||||
Porción corriente de préstamos a largo plazo |
| |||||||||
- préstamos bancarios | 306.5 | 150.4 | ||||||||
- notas a medio plazo | 399.7 | 179.4 | ||||||||
| ||||||||||
| ||||||||||
781.6 | 419.1 | |||||||||
Largo plazo |
|
| ||||||||
| ||||||||||
| ||||||||||
préstamos bancarios | 1,909.7 | 2,924.9 | ||||||||
Notas a medio plazo |
| |||||||||
- debido a 2024 | - | 394.9 | ||||||||
- debido a 2025 | 641.3 | 642.9 | ||||||||
- debido a 2026 | 225.3 | 38.6 | ||||||||
- debido a 2027 | 186.0 | 186.2 | ||||||||
- debido a 2028 | 182.3 | 182.7 | ||||||||
- debido a 2029 | 121.1 | 121.3 | ||||||||
- debido a 2030 | 698.6 | 698.3 | ||||||||
- debido a 2031 | 569.5 | 569.2 | ||||||||
- debido a 2032 | 139.9 | 140.2 | ||||||||
- debido a 2033 | 524.7 | 89.2 | ||||||||
- debido a 2034 | 77.0 | 77.1 | ||||||||
- debido a 2035 | 253.3 | 253.8 | ||||||||
- debido a 2038 | 111.9 | 109.6 | ||||||||
- debido a 2039 | 112.8 | 110.6 | ||||||||
- debido a 2040 | 31.9 | 31.9 | ||||||||
| ||||||||||
| ||||||||||
3,875.6 | 3,646.5 | |||||||||
| ||||||||||
| ||||||||||
5,785.3 | 6,571.4 | |||||||||
| ||||||||||
6,566.9 | 6,990.5 | |||||||||
| ||||||||||
12. COMPROMISOS DE CAPITAL Y PASIVOS CONTINGENTES
Los compromisos de capital totales al 31 de diciembre de 2023 ascendieron a US$813.8 millones (2022: US $ 1,016.9 millones).
Various Group companies are involved in litigation arising in the ordinary course of their respective businesses. Having reviewed outstanding claims and taking into account legal advice received, the Directors are of the opinion that adequate provisions have been made in the financial statements.
13. TRANSACCIONES CON PARTES VINCULADAS
The parent company of the Group is Jardine Strategic Limited ('JSL') and the ultimate parent company of the Group is Jardine Matheson Holdings Limited ('JMH'). Both JMH and JSL are incorporated in Bermuda.
In the normal course of business, the Group has entered into a variety of transactions with the subsidiaries, associates and joint ventures of JMH ('Jardine Matheson group members'). The more significant of these transactions are described below:
Comisión de gestión
La comisión de gestión pagadera por el Grupo, en virtud de un acuerdo celebrado en 1995, a Jardine Matheson Limited ('JML') en 2023 fue de 3.7 millones de dólares EE.UU. (2022: US $ 3.8 millones), siendo el 0.5% anual del beneficio subyacente del Grupo en contraprestación por los servicios de consultoría de gestión prestados por JML, una filial de propiedad total de JMH.
Inmuebles y otros servicios
The Group rented properties to Jardine Matheson group members. Gross rents on such properties in 2023 amounted to US$19.8 million (2022: US $ 16.9 millones).
El Grupo brindó servicios de administración de proyectos y servicios de administración de propiedades a los miembros del grupo Jardine Matheson en 2023 por un monto de US $ 3.9 millones. (2022: US $ 4.7 millones).
Los miembros del grupo Jardine Matheson proporcionaron mantenimiento de propiedades y otros servicios al Grupo en 2023 por un monto total de US $ 58.8 millones. (2022: US $ 65.3 millones).
Servicios de gestión hotelera
Los miembros del grupo Jardine Matheson proporcionaron servicios de administración hotelera al Grupo en 2023 por un monto de US $ 3.6 millones (2022: US $ 2.2 millones).
Saldos vivos con asociadas y negocios conjuntos
Los importes de los saldos pendientes con asociadas y negocios conjuntos se incluyen en asociadas y negocios conjuntos, deudores y acreedores, según corresponda.
Hong Kong Land Holdings Limited
Principales riesgos e incertidumbres
Los siguientes son los principales riesgos e incertidumbres a los que se enfrenta la Compañía, según se requiere que se divulguen de conformidad con las Reglas de Transparencia y Orientación sobre Divulgación emitidas por la Autoridad de Conducta Financiera del Reino Unido y se suman a los asuntos mencionados en la Declaración del Presidente, la Declaración del Director Ejecutivo Revisión y otras partes del Informe Anual 2023 de la Compañía (el 'Informe').
Riesgo economico
The Group is exposed to the risk of negative developments in global and regional economies and financial and property markets, either directly or through the impact such developments might have on the Group's joint venture partners, associates, bankers, suppliers, customers or tenants. These developments could include recession, inflation, deflation and currency fluctuations, restrictions in the availability of credit, increases in financing and construction costs and business failures, and reductions in office and retail rents, office and retail occupancy, and sales prices of, and demand for, residential and mixed-use developments.
Dichos desarrollos podrían aumentar los costos de ventas y costos operativos, reducir los ingresos, aumentar los cargos financieros netos o resultar en valoraciones reducidas de las propiedades de inversión del Grupo o en que el Grupo no pueda cumplir con sus objetivos estratégicos.
Medidas de atenuación
· Supervisar el entorno macroeconómico volátil y considerar los factores económicos en los procesos de planificación estratégica y financiera.
· Realice ajustes ágiles a los planes de negocios existentes y explore nuevos flujos de negocios y nuevos mercados.
· Revisar las estrategias de precios.
Riesgo comercial
Risks are an integral part of normal commercial activities and where practicable steps are taken to mitigate them. Risks can be more pronounced when businesses are operating in volatile markets.
The Group makes significant investment decisions regarding commercial and residential development projects, and these are subject to market risks. This is especially the case where projects are longer-term in nature and take more time to deliver returns.
The Group operates in regions that are highly competitive, and failure to compete effectively, whether in terms of price, tender terms, product specification or levels of service, and failure to manage change in a timely manner, can have an adverse effect on earnings or market share, as can construction risks in relation to new developments. Significant competitive pressure may also lead to reduced margins.
It is essential for the products and services provided by the Group's businesses to meet the appropriate quality, safety and sustainability standards, and there is an associated risk if they do not, including the risk of damage to brand equity or reputation, which might adversely impact the ability to achieve acceptable revenues and profit margins.
The potential impact of disruption to IT systems or infrastructure, whether due to cyber-crime or other factors, could be significant. There is also an increasing risk to our businesses from adverse social media commentary, which could influence customer and other stakeholder behaviours and impact operations or profitability or lead to reputational damage.
Medidas de atenuación
· Utilice inteligencia de mercado e implemente estrategias digitales para negocios de empresa a consumidor.
· Establecer un programa de gestión de relaciones con los clientes y capacidades de comercio digital.
· Participar en contratos a más largo plazo y acercarse de manera proactiva a los proveedores para la renovación de contratos.
· Reingeniería de los procesos de negocio existentes.
· Adopt best practices with respect to sustainability and transition to net zero, including executing on green building initiatives and collaborating with our tenants to jointly achieve sustainability goals.
Riesgo Financiero y de Tesorería
Las actividades del Grupo lo exponen a una variedad de riesgos financieros, incluidos el riesgo de mercado, el riesgo de crédito y el riesgo de liquidez.
The market risk the Group faces include i) foreign exchange risk from future commercial transactions, net investments in foreign operations and net monetary assets and liabilities that are denominated in a currency that is not the entity's functional currency; ii) interest rate risk through the impact of rate changes on interest-bearing liabilities and assets; and iii) securities price risks as a result of its equity investments and limited partnership investment funds which are measured at fair value through profit and loss, and debt investments which are measured at fair value through other comprehensive income.
El riesgo de crédito del Grupo es atribuible principalmente a depósitos en bancos, flujos de efectivo contractuales de inversiones de deuda registradas a costo amortizado y las medidas a valor razonable a través de otro resultado integral, exposición crediticia a clientes e instrumentos financieros derivados con un valor razonable positivo.
El Grupo puede enfrentarse al riesgo de liquidez si su calificación crediticia se deteriora o si no puede cumplir con sus compromisos de financiación.
Medidas de atenuación
· Limitar los riesgos cambiarios y de tasa de interés para brindar un grado de certeza sobre los costos.
· Gestión de la inversión de los recursos de tesorería del Grupo de forma que se minimice el riesgo, buscando la mejora de la rentabilidad.
· Adoptar lineamientos crediticios apropiados para administrar el riesgo de contraparte.
· Cuando sea económicamente sensato hacerlo, tomar préstamos en moneda local para cubrir las exposiciones cambiarias de las inversiones.
· A portion of borrowings is denominated in fixed rates. Adequate headroom in committed facilities is maintained to facilitate the Group's capacity to pursue new investment opportunities and to provide some protection against market uncertainties.
· Los acuerdos de financiación del Grupo están diseñados para mantener un equilibrio adecuado entre el capital y la deuda de los bancos y los mercados de capital, tanto a corto como a largo plazo, para dar flexibilidad al desarrollo del negocio. La Compañía también mantiene suficiente efectivo y valores negociables, y asegura la disponibilidad de financiamiento de una cantidad adecuada de líneas de crédito comprometidas y la capacidad de liquidar posiciones de mercado.
· Las operaciones de tesorería del Grupo se gestionan como centros de coste y no se les permite realizar transacciones especulativas no relacionadas con la exposición financiera subyacente.
Los pasos detallados tomados por el Grupo para administrar su exposición al riesgo financiero se establecerán en la Revisión financiera y en una nota a los Estados financieros en el Informe.
Riesgo regulatorio y político
The Group is subject to a number of regulatory regimes in the territories it operates. Changes in such regimes, in relation to matters such as foreign ownership of assets and businesses, exchange controls, planning controls, tax rules, climate-related regulation and employment legislation, could have the potential to impact the operations and profitability of the Group.
Los cambios en el entorno político, incluidos los disturbios políticos o sociales, en los territorios donde opera el Grupo, podrían afectar negativamente al Grupo.
Medidas de atenuación
· Manténgase conectado e informado sobre las regulaciones nuevas y preliminares relevantes.
· Contratar consultores externos y expertos legales cuando sea necesario.
· Aumente la conciencia a través de la conferencia de marca del director con una actualización anual sobre las nuevas regulaciones que pueden haberse implementado en otros mercados.
Riesgo de Pandemia, Guerra, Terrorismo y Desastres Naturales
A global or regional pandemic would impact the Group's business, affecting travel patterns, demand for the Group's products and services, and possibly the Group's ability to operate effectively. The Group's properties and/or project sites are also vulnerable to the effects of war and terrorism, either directly through the impact of an act of war and terrorism or indirectly through generally reduced economic activity in response to the threat of or an actual act of war and terrorism. In addition, a number of the territories in which the Group operates can experience from time-to-time natural disasters such as typhoons, floods, earthquakes and tsunamis.
Medidas de atenuación
· Arreglos de trabajo flexibles y cumplimiento de protocolos de higiene.
· La estabilización de la cadena de suministro incluye la búsqueda de proveedores de respaldo y una mejor coordinación con los socios logísticos.
· Programas de seguros que brindan una cobertura sólida para desastres naturales, incluidos daños a la propiedad e interrupción del negocio.
Riesgo de contratos clave
Many of the Group's businesses and projects rely on concessions, management, outsourcing or other vital contracts. Accordingly, cancellation, expiry or termination, or the renegotiation of any such concession, management, outsourcing or other third-party key contracts could adversely affect the financial condition and results of operations of certain subsidiaries, associates and joint ventures of the Group.
Medidas de atenuación
· Supervisar el desempeño de los proveedores de materiales y servicios y el cumplimiento de las normas establecidas en los contratos para garantizar la calidad.
· Involucrar a expertos para gestionar los contratos clave.
· Diversificar la cartera de proveedores/contratistas para evitar una dependencia excesiva de proveedores/contratistas específicos para operaciones clave.
Riesgo de ciberseguridad
The Group's businesses are ever more reliant on technology in their operations and face increasing numbers of cyberattacks from groups targeting both individuals and businesses. As a result, the privacy and security of customer, tenant and corporate information are at risk of being compromised through a breach of our or our suppliers' IT systems or the unauthorised or accidental release of information, resulting in brand damage, impaired competitiveness or regulatory action. Cyberattacks may also adversely affect our ability to manage our business operations or operate information technology and business systems, resulting in business interruption, lost revenues, repair or other costs.
Medidas de atenuación
· Contratar consultores externos para realizar evaluaciones de las unidades de negocio con puntos de referencia de la industria.
· Definir el programa de seguridad cibernética y la función centralizada para proporcionar supervisión, administrar asuntos de seguridad cibernética y fortalecer las defensas cibernéticas y las medidas de seguridad.
· Realice evaluaciones periódicas de vulnerabilidades y/o pruebas de penetración para identificar debilidades.
· Mantenga planes de recuperación ante desastres y copias de seguridad para la restauración de datos.
· Organice una capacitación periódica sobre concientización sobre seguridad al menos una vez al año y pruebas de phishing para aumentar la conciencia sobre ciberseguridad de los usuarios.
Riesgo de gobernanza y mala conducta
La gestión eficaz de los riesgos del Grupo depende de la existencia de una estructura de gobierno adecuada, el tono de la alta dirección y el funcionamiento del sistema de controles internos. Las infracciones éticas, el incumplimiento de los controles por parte de la gerencia, el fraude y la mala conducta de los empleados u otras deficiencias en el gobierno y en las tres líneas de controles internos pueden resultar en pérdidas financieras y daños a la reputación del Grupo.
La capacidad inadecuada y la diversidad en la administración o en la junta también pueden conducir a deliberaciones y decisiones subóptimas.
El Grupo posee participaciones minoritarias en diversas sociedades. La falta de control o influencia significativa sobre estas empresas puede generar pérdidas en la inversión del Grupo si las empresas están mal administradas.
Medidas de atenuación
· Se estableció un código de conducta obligatorio en todo el Grupo que se aplica a todos los negocios del Grupo y a los nuevos miembros.
· Maintain a robust Corporate Governance Framework which includes a whistleblowing channel.
· El departamento de cumplimiento revisa los controles internos.
· Mantener una función de auditoría interna funcionalmente independiente que informe al Comité de Auditoría del Grupo sobre la gestión de riesgos, el entorno de control y los incumplimientos significativos.
· Mantener pólizas de seguro de Delito y Responsabilidad General con coberturas adecuadas.
Riesgo de Salud y Seguridad
Los negocios del Grupo se dedican a la construcción, renovación u otras actividades físicas que pueden provocar lesiones graves o incidentes fatales si las condiciones de trabajo no son seguras o los trabajadores no tienen el debido cuidado de observar los procedimientos de seguridad.
Medidas de atenuación
· Establezca entornos de trabajo seguros y capacitación regular en seguridad para todos los empleados y subcontratistas.
· Establecer requisitos contractuales para que los contratistas cumplan con los altos niveles esperados de estándares de seguridad.
· Incorporar planes de seguridad del sitio en licitaciones y contratos.
· Realizar campañas de sensibilización en materia de seguridad y salud en el trabajo.
· Adquiera suficiente cobertura de seguro, incluida la compensación de los empleados y la construcción de todos los riesgos.
· Establecer un proceso adecuado de selección de contratistas.
· Garantizar que los contratistas sigan las directrices, los requisitos y la normativa local del Grupo.
· Llevar a cabo auditorías periódicas en los edificios operativos y los sitios de construcción.
· Realice simulacros periódicos y procedimientos de gestión de crisis para incidentes de seguridad.
Riesgo de personas
The competitiveness of the Group's businesses depends on the quality of the people that it attracts and retains. Unavailability of needed human resources may impact the ability of the Group's businesses to operate at capacity, implement initiatives and pursue opportunities.
The pandemic has accelerated corporate investments in digital projects and stimulated global consumer demand for e-commerce. This has created heightened demand and competition across industries for various skillsets, particularly in IT and logistics. Pandemic-related travel restrictions and a more stringent approach to issuing work visas to non-locals in some of the key markets have also disrupted the availability of labour across borders, exacerbating labour shortages as economies rebound.
Medidas de atenuación
· Asegúrese de que la planificación proactiva de la mano de obra y la planificación de la sucesión estén en su lugar.
· Mejorar la marca de empleador moderna, la capacitación para los miembros del personal, la compensación y los beneficios y el plan de desarrollo de talentos.
· Implement strategy to promote Inclusion, Equity and Diversity across the Group.
· Proporcionar programas de retención de empleados.
· Establecer programas de asistencia a los empleados.
Riesgo de Inversiones, Transacciones Estratégicas y Asociaciones
Competition for attractive investment opportunities has increased with the rise of global investment funds and deep pools of low-cost capital, supporting a greater appetite by investors across sectors for strategic transactions and partnerships to optimise the business portfolio and enhance growth. As the Group's businesses pursue projects and investments against keen competitors, they face pressure on the terms they are willing to secure and accept prized assets and relationships.
Además, pueden surgir conflictos con socios estratégicos debido a diversas razones, como diferentes culturas corporativas y estilos de gestión.
Medidas de atenuación
· Llevar a cabo suficiente investigación, diligencia debida y evaluación de oportunidades de inversión y posibles socios comerciales.
· Desarrollar marcos claros y niveles de autoridad para las decisiones de inversión o asociación.
· Monitoreo regular del desempeño y revisiones estratégicas de nuevos negocios y proyectos.
Riesgo Ambiental y Climático
Global climate change has led to a trend of increased frequency and intensity of potentially damaging natural events for the Group's assets and operations. With interest in sustainability surging in recent years from investors, governments and other interested parties, expectations by regulators and other stakeholders for accurate corporate sustainability reporting and commitments towards carbon neutrality and other sustainability-related goals are also growing. This brings increasing challenges to the Group and its businesses to meet key stakeholders' expectations.
Medidas de atenuación
In addition to being addressed under the Group's Risk Management Framework and processes, mitigation measures are reviewed and approved by the Group's Sustainability Committee as part of a broader sustainability framework already in place to execute on initiatives over the long-term.
Medidas de mitigación de riesgos ambientales y climáticos:
· A commitment to the Science Based Targets initiative's campaign to set decarbonisation targets in line with climate science, to meet the goals of the Paris Agreement, aimed at limiting global warming to 1.5°C.
· Perform and update climate risk assessments and adaptation action plans based on the recommendations of the Task Force on Climate-related Financial Disclosure, including implementing measures to address physical risks posed by climate change and identifying opportunities in the global transition to a low-carbon economy.
· Modernización constante de los activos existentes, así como la identificación y el despliegue de soluciones PropTech emergentes para impulsar la eficiencia energética.
· Aumentar la adquisición de energía renovable, incluida la expansión de la capacidad de generación de energía renovable in situ, para reducir las emisiones.
· Continuar implementando el sólido y duradero programa de certificación de edificios ecológicos del Grupo para minimizar el impacto ambiental de los activos existentes.
· Establezca objetivos basados en el rendimiento sobre las emisiones de carbono incorporadas que tengan como objetivo el hormigón, las barras de refuerzo y el acero estructural utilizado para nuevos desarrollos.
· Apoyar la transición verde del sector financiero a través de una mayor participación en los mercados financieros sostenibles.
· Probar y auditar periódicamente los Planes de Continuidad de Negocio del Grupo.
· Evaluar los estándares y requisitos de informes ESG emergentes y alinear las divulgaciones del Grupo con las mejores prácticas del mercado.
Hong Kong Land Holdings Limited
Declaraciones de responsabilidad
Los Directores de la Compañía confirman a su leal saber y entender que:
(a) the consolidated financial statements prepared in accordance with International Financial Reporting Standards, including International Accounting Standards and Interpretations as issued by the International Accounting Standards Board, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group; and
(b) the Chairman's Statement, Chief Executive's Review, Financial Review and the description of Principal Risks and Uncertainties facing the Group as set out in the Company's 2023 Annual Report, which constitute the management report required by the Disclosure Guidance and Transparency Rule 4.1.8, include a fair review of all information required to be disclosed under Rules 4.1.8 to 4.1.11 of the Disclosure Guidance and Transparency Rules issued by the Financial Conduct Authority in the United Kingdom.
Por y en nombre de la Junta
Roberto Wong
craig beattie
directiva
Información de dividendos para accionistas
El dividendo complementario de US¢16.00 per share will be payable on 15th May 2024, subject to approval at the Annual General Meeting to be held on 8th May 2024, to shareholders on the register of members at the close of business on 22nd March 2024. Las acciones se cotizarán ex-dividendo el 21 de marzo de 2024, y The share registers will be closed from 25th to 29th March 2024, inclusive.
Los accionistas recibirán dividendos en efectivo en dólares estadounidenses, excepto cuando se realicen elecciones por monedas alternativas en las siguientes circunstancias.
Accionistas en el registro de la sucursal de Jersey
Shareholders registered on the Jersey branch register can elect for their dividends to be paid in Sterling. These shareholders may make new currency elections for the 2023 final dividend by notifying the United Kingdom transfer agent in writing by 26th April 2024. The Sterling equivalent of dividends declared in United States Dollars will be calculated by reference to a rate prevailing on 2nd May 2024.
Los accionistas que posean sus acciones a través de CREST en el Reino Unido recibirán dividendos en efectivo únicamente en libras esterlinas, como se calculó anteriormente.
Accionistas en el registro de la sucursal de Singapur que tienen sus acciones a través de TEl Depósito Central (Pte) Limited ('CDP')
Accionistas que están en el Servicio de Crédito Directo de CDP ('DCS')
Los accionistas del DCS de CDP recibirán sus dividendos en efectivo en dólares de Singapur, a menos que opten por no participar en el Servicio de conversión de divisas de CDP, a través de CDP, para recibir dólares estadounidenses.
Accionistas que son no en DCS de CDP
Aquellos accionistas que no estén en el DCS de CDP recibirán sus dividendos en efectivo en dólares estadounidenses a menos que elijan, a través de CDP, recibir dólares de Singapur.
Shareholders on the Singapore branch register who wish to deposit their shares into the CDP system by the dividend record date, being 22nd March 2024, must submit the relevant documents to Boardroom Corporate & Advisory Services Pte. Ltd., the Singapore branch registrar, by no later than 5.00 p.m. (local time) on 21st March 2024.
Acerca de Hong Kong Land Group
Hongkong Land es un importante grupo de inversión, gestión y desarrollo inmobiliario que cotiza en bolsa. Fundado en 1889, el negocio de Hongkong Land se basa en la excelencia, la integridad y la colaboración.
The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail assets in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties hold industry leading green building certifications and attract the world's foremost companies and luxury brands.
The Group's Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, five retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high-quality residential, commercial and mixed-use projects under development in cities across China and South East Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore.
Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing in the standard segment of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group's assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.
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Para más información, por favor póngase en contacto con:
Hong Kong tierra limitada | |
marca lam | (852) 2842 8211 |
gary leung | (852) 2842 0601 |
Grupo Brunswick limitado | |
Kay Lau | (852) 6021 7009 |
Se puede acceder al texto completo del Anuncio preliminar de resultados y los Estados financieros preliminares para el año finalizado el 31 de diciembre de 2023 a través del sitio web corporativo de Hongkong Land en 'www.hkland.com'.
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