凯联国际酒店2024-2025 年报

Contents2Corporate Information3Chairman’s Statement4Properties5Corporate Governance Report40Corporate Social Responsibility Report68Directors’ 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 公司資料主席報告物業概覽企業管治報告企業社會責任報告董事會報告董事與高層管理人員個人簡歷獨立核數師報告綜合損益及其他全面收入表綜合財務狀況表綜合權益變動表綜合現金流量表財務報表附註五年財務概要 Board of DirectorsExecutive DirectorsCheong Kheng Lim(Chairman)Cheong Keng HooiCheong Sim LamCheong Chong LingCheong Tiong HamCheong Chin Hong RodneyIndependent Non-executive DirectorsChow Wan Hoi, PaulWong Yiu TakLee ChungCompany SecretaryNg Sau FongBankersHang Seng Bank LimitedOversea-Chinese Banking Corporation LimitedThe Hongkong and Shanghai Banking Corporation LimitedThe Bank of East Asia, LimitedSolicitorsJohnson Stokes & MasterDeaconsStephenson HarwoodCharles Russell Speechlys LLPAuditorKPMG(Certified Public Accountants)Public Interest Entity Auditor registered in accordance withthe Hong Kong Accounting and Financial Reporting Council OrdinanceShare RegistrarComputershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong KongRegistered Office9th Floor, iSQUARE, 63 Nathan RoadTsim Sha Tsui, Kowloon, Hong KongWebsitehttp://aihl.etnet.com.hkCorporate Information公司資料Associated International Hotels Limited凱聯國際酒店有限公司 董事會執行董事獨立非執行董事公司秘書銀行律師核數師股票登記處183171712-1716註冊辦事處639網站http://aihl.etnet.com.hk 2 Financial Results and Business ReviewI would like to report the audited results of the Group for the year ended 31March 2025. During the year, the Group recorded a profit from operationsbefore valuation changes in investment properties of HK$185.3 million (2024:HK$182.7 million). Since the valuation losses on investment propertiesamounted to HK$708.9 million (2024: net valuation gains of HK$230.8 million),the Group recorded a loss attributable to equity shareholders of HK$560.6million (2024: a profit of HK$376.8 million). The valuation changes will onlyaffect the accounting profit or loss but not the cash flows of the Group. Detailsof the financial results and business performance and development are set outin the Directors’ Report on pages 68 to 84.DividendsThe Board is pleased to recommend a final dividend of HK$0.19 per share forthe year ended 31 March 2025 (2024: HK$0.25 per share). As the Companypaid an interim dividend of HK$0.16 per share during the year (2024: HK$0.16per share), the total distribution will be HK$0.35 per share for the year (2024:HK$0.41 per share).Annual General MeetingThe forthcoming annual general meeting of the Company will be held on Friday,5 September 2025.AcknowledgementFinally, 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 LimChairmanHong Kong, 27 June 2025Chairman’s Statement主席報告 Annual Report 2024-2025年報財政業績及業務回顧185,300,000182,700,000708,900,000230,800,000560,600,000376,800,0006884股息0.190.250.160.160.350.41股東周年大會致謝 3 Properties物業概覽Associated International Hotels LimitediSQUAREiSQUARE 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.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. 國際廣場56,0005458 凱聯國際酒店有限公司4 IMAX Corporate Governance Report企業管治報告5Corporate Governance PracticesThe 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 2025, the Company compliedwith all the code provisions, where applicable, set out in Part 2 of the CorporateGovernance Code (“CG Code”) in Appendix C1 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 bearrangedCurrently, 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