Page 96 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2018 年報

CORPORATE SUSTAINABILITY

企業持續發展

Financial Management
財務管理

Income Distribution
收入分佈

Year HK$million as at 31 March 2018
ϋ΅ ಥ࿆ϵຬʩ ࿚Їɚཧɓɞϋɧ˜ɧɤɓ˚˟
Property Sales
يุቖਯ
23 1,760 3,588 12
2017/18 5,383 Property Leasing and
Management
4,421 1,638 2,004 29 يุॡ༣ʿ၍ଣ
2016/17 8,092 Investment
ҳ༟
(442) 5,526 1,466 36
Others
2015/16 6,586
Չ˼
1,686 1,382 909 19
2014/15 3,996
1,586 1,219 903 7
2013/14 3,715

Overall Financial Performance 整體財務表現

The Housing Society reported a total income of HK$5,383million for the ࿚Їɚཧɓɞϋɧ˜ɧɤɓ˚˟ৌ݁ϋܓd
year ended 31 March 2018, a figure that was HK$2,709million or 33% ג՘፽੻ᐼϗɝʞɤɧᄂɞɷɧϵຬಥʩd
lower than the previous year. Total expenses decreased by ༰̘ϋಯˇɚɤɖᄂɘϵຬಥʩdуϵʱʘ
HK$3,317million to HK$1,572million and overall the Housing Society ɧɤɧfᐼ˕̈ಯˇɧɤɧᄂɓɷɖϵຬಥ
achieved a net surplus of HK$3,811million for the year. Net asset value ʩЇɤʞᄂɖɷɚϵຬಥʩf዆᜗ϾԊdג
at 31 March 2018 stood at HK$42.3billion, represented by HK$9.8billion ՘͉ϋܓٙଋޮቱމɧɤɞᄂɓɷɓϵຬಥ
in investment properties, HK$2.7billion in properties under ʩf࿚Їɚཧɓɞϋɧ˜ɧɤɓ˚dଋ༟ପ
development for sale and HK$29.8billion in net financial assets and ࠽މ̬ϵɚɤɧᄂಥʩd຅ʕɘɤɞᄂಥʩ
others. މҳ༟يุdɚɤɖᄂಥʩމ೯࢝ʕٙ̈ਯ
يุdɚϵɘɤɞᄂಥʩމৌਕʿՉ˼ଋ༟
ପf

Income Analysis 收入分析
Total income decreased year-on-year to HK$5,383million as there was ͟׵ʦϋԨೌԸЇਯيุٙϗूd݂ᐼ
no revenue from the sale of properties this year. On the other hand, our ϗɝܲϋಯЇʞɤɧᄂɞɷɧϵຬಥʩf
investment results were the best in the last ten years and contributed ̤ג՘ίҳ༟˙ࠦ՟੻ڐɤϋԸ௰λٙϓ
HK$3,588million, or 67% of total income, mainly due to strong gains in ᐶd੭Ըආሪɧɤʞᄂɞɷɞϵຬಥʩd
equity portfolios. Цᐼϗɝٙϵʱʘʬɤɖd˴ࠅԸІٰୃ
ҳ༟ଡ଼Υ̙ٙᝈϗूf

Income from our property leasing and management operations was يุॡ༣ʿ၍ଣᐄ༶ϗɝމɤɖᄂʬɷຬ
HK$1,760million, accounting for 33% of total income. This represented 7% ಥʩdЦᐼϗɝϵʱʘɧɤɧdܲϋᄣڗ
year-on-year growth, mainly from our commercial premises and The ϵʱʘɖd˴ࠅԸІਠ⧕ʿ˜ཡ悦™fϋʫd
Tanner Hill. During the year, all the elderly units at The Tanner Hill were ˜ཡ悦™ٙڗ٫ఊЗ຾ʊΌᅰॡ̈d੭Ըᕘ
successfully leased out, bringing additional leasing income to the portfolio. ̮ॡږϗɝf

94 Hong Kong Housing Society Annual Report 2017/18