Annual Report - QuamIR

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Notes to the Consolidated Financial Statements (Continued) 15 Distribution (Continued) (a) Special cash dividends 15 (a) 2011 2010 HK$ Million HK$ Million First special cash dividend paid, of HK1.0 cent (2010: Nil) per ordinary share Second special cash dividend (with scrip option) proposed, of HK1.0 cent (2010: Nil) per ordinary share 1.0 108.3 – 1.0 108.3 – 216.6 – (i) First special cash dividend was approved and the amounts were accounted for as an appropriation of the contributed surplus account for the year ended 31 December 2011. (i) (ii) Second special cash dividend of HK1.0 cent (with scrip option) per ordinary share is proposed and the amounts are not accounted for until they are approved at the forthcoming annual general meeting. The amounts will be reflected as an appropriation of contributed surplus account for the year ending 31 December 2012. (ii) 1.0 (b) Distribution in kind The distribution of CRE shares was approved by an ordinary resolution on 13 October 2011. (b) On 3 November 2011, 1,385,170,068 CRE shares were issued upon full conversion of the 1,385,170,068 convertible preferred shares and the Company distributed 617,514,508 CRE shares to its shareholders, and the Company indirectly held 1,275,541,937 CRE shares, representing approximately 54.13% of the issued ordinary share capital of CRE at the same date. 1,385,170,068 1,385,170,068 617,514,508 1,275,541,937 54.13% 138 HKC (Holdings) Limited • <strong>Annual</strong> <strong>Report</strong> 2011
Notes to the Consolidated Financial Statements (Continued) 15 Distribution (Continued) (c) Final dividend The Board of Directors do not recommend the payment of dividend for the years ended 31 December 2010 and 2011. 16 Investment properties 15 (c) 16 Group 2011 2010 HK$ Million HK$ Million At 1 January 6,187.0 6,944.3 Currency translation differences 255.8 288.6 Additions 47.1 15.7 Disposals (396.7) – Costs adjustments (6.7) – Transfer to prepaid land lease payments (9.9) – Transfer to property, plant and equipment (4.2) – Transfer from properties under development 35.9 – Transfer to assets of disposal group classified as held for sale (Note 44) 44 – (1,009.9) Transfer to properties held for sale (Note a) a – (134.4) Transfer from properties held for sale (Note b) b – 181.6 Fair value adjustments, net (142.0) (98.9) At 31 December 5,966.3 6,187.0 • 139
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HKC (HOLDINGS) LIMITED (incorporat
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Contents 2 Corporate Information
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Corporate Information (Continued)
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Chairman’s Statement (Continued)
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Chairman’s Statement (Continued)
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Management Discussion and Analysis
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Corporate Governance Report (Contin
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Directors and Senior Management (Co
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Report of the Directors (Continued)
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Independent Auditor’s Report (Con
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Consolidated Statement of Comprehen
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Consolidated Balance Sheet (Continu
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Consolidated Statement of Changes i
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Consolidated Statement of Changes i
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Notes to the Consolidated Financial
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Principal Subsidiaries, Associated
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Principal Subsidiaries, Associated
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Five-Year Financial Summary 2011 2
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Schedule of Principal Properties (C
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HKC (HOLDINGS) LIMITED 9/F., Tower
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Annual Report - QuamIR

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