Title : Cost Accounting
Name : Kwong Shun Yan , Li Ching Yee
Liu Sze Kam , Tang Ying Kit
Tsang Chee Tung , Wong Yiu Lin Vivian
Tutor Name : Winnie Kwok
Date of Submission : 27 th November , 2013
* Cheung Kong (Holdings) Ltd. Company Profile
* Sun Hung Kai Properties Ltd. Company
* Cross - sectional comparison between Cheung Kong (Holdings) Ltd. and Sun Hung Kai Properties Ltd.
→ Short term liquidity ratios
→ Long term solvency ratios
→ Profitability ratios
→ Market price and dividend ratio
* Conclusion and Recommendation
Business Summary :
The principal activities of the Company are investment holding and project management. Its subsidiaries are active in the field of property development and investment, hotel and serviced suite operation, property and project management, and investment in infrastructure business and securities.
Performance for the year:
PROFIT FOR THE YEAR
The Group’s audited profit attributable to shareholders for the year ended 31st December, 2012 amounted to HK$32,152 million (2011 – HK$46,055 million). Earnings per share were HK$13.88 (2011 – HK$19.88).
Business Review :
Turnover of property sales for the year, including share of property sales of jointly controlled entities, was HK$26,521 million (2011 – HK$38,143 million), a decrease of HK$11,622 million when compared with last year, and comprised mainly the sale of residential units of two property projects completed last year – Festival City Phase 3 in Hong Kong and The Greenwich Phase 1C in Beijing, and the sale of residential units of property projects completed during the year, including Crown by the Sea, Le Chateau and La Splendeur in Hong Kong, Century Place Phase 1 and Le Sommet Phases 1B, 2 and 4A in Shenzhen, Cape Coral Phase 3A in Guangzhou, The Harbourfront Land No. 1 in Qingdao, The Greenwich Phases 2A, 2B and 3A in Xian,...