Table of Contents
1
242
Annual Report 2021
COVER
1
INSIDE FRONT COVER
3
CONTENTS
4
GROUP PROFILE
5
BUSINESS AT A GLANCE
7
KEY FRANCHISED BUS NETWORK IN HONG KONG
9
FINANCIAL AND OPERATIONAL HIGHLIGHTS
11
CORPORATE MILESTONES 2021
13
CHAIRMAN’S LETTER
15
MANAGING DIRECTOR’S MESSAGE
19
MANAGEMENT DISCUSSION AND ANALYSIS
21
BUSINESS REVIEW
21
HONG KONG FRANCHISED PUBLIC BUS OPERATIONS
23
HONG KONG NON-FRANCHISED TRANSPORT OPERATIONS
35
CHINA MAINLAND TRANSPORT OPERATIONS
39
PROPERTY HOLDINGS AND DEVELOPMENT
41
SUSTAINABILITY REPORT
43
ABOUT THE REPORT
43
SAFETY FIRST
51
CARE FOR THE ENVIRONMENT
57
CARE FOR CUSTOMERS
65
CARE FOR EMPLOYEES
71
STAKEHOLDERS ENGAGEMENT
77
REPORTING CONTENT INDEX TABLES
87
FINANCIAL REVIEW
95
THE GROUP
95
INDIVIDUAL BUSINESS UNITS
102
CONTINUING CONNECTED TRANSACTIONS
108
GOVERNANCE
111
CORPORATE GOVERNANCE REPORT
111
REMUNERATION REPORT
133
DIRECTORS’ PROFILES
137
KEY CORPORATE EXECUTIVES
146
FINANCIAL REPORTS
147
DIRECTORS’ REPORT
148
INDEPENDENT AUDITOR’S REPORT
158
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
163
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
164
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
165
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
167
CONSOLIDATED CASH FLOW STATEMENT
169
NOTES TO THE FINANCIAL STATEMENTS
170
FINANCIAL SUMMARY
239
CORPORATE DIRECTORY
240
BACK COVER
242
Blank Page
2
Blank Page
241
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