凯联国际酒店2022-2023 年报

Contents 2Corporate Information3Chairman’s Statement4Properties5Corporate Governance Report41Corporate Social Responsibility Report69Directors’ Report85Biographical Details of Directors andSenior Management88Independent Auditor’s Report95Consolidated Statement of Profit or Lossand Other Comprehensive Income96Consolidated Statement of Financial Position98Consolidated Statement of Changes in Equity99Consolidated Statement of Cash Flows101Notes to the Financial Statements155Five Year Financial Summary Corporate Information Board of DirectorsExecutive DirectorsCheong Kheng Lim(Chairman)Cheong Keng HooiCheong Sim LamCheong Chong LingCheong Tiong Ham Independent Non-executive DirectorsChow Wan Hoi, PaulWong Yiu TakLee Chung Company SecretaryNg Sau Fong Bankers Hang Seng Bank LimitedOversea-Chinese Banking Corporation LimitedThe Hongkong and Shanghai Banking Corporation LimitedThe Bank of East Asia, Limited Solicitors Mayer BrownDeaconsStephenson Harwood Auditor KPMG(Certified Public Accountants)Public Interest Entity Auditor registered in accordance withthe Hong Kong Accounting and Financial Reporting Council Ordinance Share Registrar 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong Kong 639 Registered Office 9th Floor, iSQUARE, 63 Nathan RoadTsim Sha Tsui, Kowloon, Hong Kong http://aihl.etnet.com.hk Website http://aihl.etnet.com.hk Chairman’s Statement Financial Results and Business Review 188,400,000177,700,0001,584,700,0001,120,800,0001,738,400,0001,266,500,0006984 I would like to report the audited results of the Group for the year ended31 March 2023. During the year, the Group recorded a profit from operationsbefore valuation changes in investment properties of HK$188.4 million(2022: HK$177.7 million) and a loss attributable to equity shareholders ofHK$1,584.7 million (2022: HK$1,120.8 million). The loss was mainly due tothe valuation losses on investment properties of HK$1,738.4 million (2022:HK$1,266.5 million) which outweigh the profit from operations. The valuationlosses will only affect the accounting profit or loss but not the cash flowsof the Group. Details of the financial results and business performance anddevelopment are set out in the Directors’ Report on pages 69 to 84. Dividends 0.230.210.110.190.340.40 The Board is pleased to recommend a final dividend of HK$0.23 per share forthe year ended 31 March 2023 (2022: HK$0.21 per share). As the Companypaid an interim dividend of HK$0.11 per share during the year (2022: HK$0.19per share), the total distribution will be HK$0.34 per share for the year (2022:HK$0.40 per share). Annual General Meeting The annual general meeting of members of the Company will be held on Friday,8 September 2023. Acknowledgement Finally, on behalf of the Board, I wish to thank all our staff for their devotion anddedication, and would like to thank our professional advisors and our membersfor their support in the past year. Cheong Kheng LimChairman Hong Kong, 29 June 2023 Properties iSQUARE iSQUARE is located in the heart of Tsim Sha Tsui at the intersection of NathanRoad and Peking Road. It is the first one-stop shopping and entertainmentcomplex linked to Tsim Sha Tsui MTR station. This complex provides 56,000square metres of space comprising a shopping podium, cinema box andtower. 56,000 The podium is a vibrant hub for world-class fashion and lifestyle brands,complemented by five grand cineplexes, including a 458-seat digital IMAXtheatre. iSQUARE also features fine-dining restaurants and lifestyle services inits iconic tower. 5458IMAX Corporate Governance Report Corporate Governance Practices The Company recognises responsibilities to its shareholders and is thereforecommitted to maintaining a high standard of corporate governance. Toaccomplish this, the Company has reviewed its practices and procedure, andidentified and formalised appropriate measures and policies. Throughout the financial year ended 31 March 2023, the Company compliedwith all the code provisions, where applicable, set out in Part 2 of the CorporateGovernance Code (“CG Code”) in Appendix 14 to the Rules Governing theListing of Securities on The Stock Exchange of Hong Kong Limited (“ListingRules”), except for the deviations as disclosed hereunder: Code Provision C.1.8: Appropriate insurance coverin respect of legal action against directors should bearranged C.1.8 Currently, the Company does not have insurance cover for legal action againstits Directors. After taking into account the business nature and operationalcomplexity and diversity of the Group, as well as the close supervision of andprudent approach adopted by the management, the Board believes that theDirectors’ risk of being sued or getting involved in litigation in their capacity asDirectors is relatively low. Benefits to be derived from taking out insurance maynot outweigh the cost. Despite it, every Direct