STATEMENTS
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion solely to you, as a body, in accordance with Section 90 of the Bermuda Companies Act, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with HKSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with HKSAs, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
Minmetals Land Limited Annual Report 2017
150
Independent Auditor’s Report 獨立核數師報告
• 對董事採用持續經營會計基礎的恰當性作 出結論。根據所獲取的審核憑證，確定是 否 存 在 與 事 項 或 情 況 有 關 的 重 大 不 確 定 性，從而可能導致對貴集團的持續經營能 力產生重大疑慮。如果我們認為存在重大 不確定性，則有必要在核數師報告中提請 使用者注意綜合財務報表中的相關披露。
假 若 有 關 的 披 露 不 足，則 修 訂 我 們 的 意 見。我們的結論是基於核數師報告日止所 取得的審核憑證。然而，未來事項或情況 可能導致貴集團不能持續經營。
• 評價綜合財務報表的整體列報方式、結構 和內容，包括披露，以及綜合財務報表是 否中肯反映交易和事項。
• 就貴集團內實體或業務活動的財務資料獲 取充足、適當的審核憑證，以便對綜合財 務報表發表意見。我們負責貴集團審核工 作的指導、監督和執行。我們須為我們的 審核意見承擔全部責任。
除其他事項外，我們與負責管治人員溝通了計 劃 的 審 核 範 圍、時 間 安 排、重 大 審 核 發 現 等，
包括我們在審核中識別出內部控制的任何重大 缺陷。
我們還向負責管治人員提交聲明，說明我們已 符合有關獨立性的相關專業道德要求，並與他 們溝通有可能合理地被認為會影響我們獨立性 的 所 有 關 係 和 其 他 事 項，以 及 在 適 用 的 情 況 下，相關的防範措施。
• Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
五礦地產有限公司 二零一七年年報 151 從與負責管治人員溝通的事項中，我們確定哪 些事項對本期間的綜合財務報表的審核最為重 要，因 而 構 成 關 鍵 審 核 事 項。我 們 在 核 數 師 報 告中描述這些事項，除非法律法規不允許公開 披 露 這 些 事 項，或 在 極 端 罕 見 的 情 況 下，如 果 合理預期在我們報告中溝通某事項造成的負面 後果超過產生的公眾利益，我們決定不應在報 告中溝通該事項。
負責此審核項目及簽發本獨立核數師報告的審 核項目合夥人為莫秀芬。
德勤•關黃陳方會計師行 執業會計師
香港
二零一八年三月二十七日 From the matters communicated with those charged with
governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
The engagement partner on the audit resulting in the independent auditor’s report is Mok Sau Fan.
%FMPJUUF 5PVDIF 5PINBUTV Certified Public Accountants Hong Kong
27 March 2018
Minmetals Land Limited Annual Report 2017
152
綜 合損益表 Consolidated Statement of Profit or Loss
For the year ended 31 December 2017 截至二零一七年十二月三十一日止年度
2016 二零一七年 二零一六年
NOTES ), HK$’000
附註 千港元 千港元
3FWFOVF 收入 5 11,576,345
Cost of sales 銷售成本 (9,316,033)
(SPTT QSPGJU 毛利 2,260,312
Other income, other gains and losses 其他收入、其他收益及虧損 7 81,644
Fair value changes on investment properties 投資物業公允值變動 14 123,977
Selling and marketing expenses 銷售及營銷費用 (218,096)
Administrative and other expenses 行政及其他開支 (423,903)
Finance income 財務收入 9 241,362
Finance costs 財務成本 9 (55,669)
Share of results of associates 分佔聯營公司業績 16 (12,135)
Share of results of joint ventures 分佔合營公司業績 17 —
1SPGJU CFGPSF UBY 除稅前溢利 1,997,492
Income tax expense 所得稅開支 10 (1,000,313)
1SPGJU GPS UIF ZFBS 本年度溢利 6 997,179
1SPGJU GPS UIF ZFBS BUUSJCVUBCMF UP 本年度溢利歸屬於：
Equity holders of the Company 本公司股權持有人 512,058
Holders of perpetual capital instruments 永久資本工具持有人 —
Non-controlling interests 非控股股東權益 485,121
997,179
&BSOJOHT QFS TIBSF GPS QSPGJU BUUSJCVUBCMF UP FRVJUZ IPMEFST PG
UIF $PNQBOZ JO ), DFOUT
本公司股權持有人 應佔溢利之 每股盈利，港仙
Basic 基本 11 15.31
Diluted 攤薄 11 15.30
五礦地產有限公司 二零一七年年報 153
綜 合損益及其他全面收益表 Consolidated Statement of Profit or Loss and Other Comprehensive Income
For the year ended 31 December 2017 截至二零一七年十二月三十一日止年度
2016 二零一七年 二零一六年
), HK$’000
千港元 千港元
Profit for the year 本年度溢利 997,179
0UIFS DPNQSFIFOTJWF JODPNF FYQFOTF 除稅後其他全面收入╱
（支出）：
Items that may be reclassified subsequently to profit or loss:
其後可能重新分類至損益 之項目：
Currency translation differences 匯兌差額 (1,045,516)
Fair value (loss)/gain on hedging instruments in cash flow hedges
現金流對沖的對沖工具 之公允值（虧損）╱
收益 115,637
Share of other comprehensive income/(expense) of associates
分佔聯營公司其他全面
收入╱（開支） (78,151)
Share of other comprehensive income of joint ventures
分佔合營公司其他全面
收入 —
(1,008,030)
Items that will not be reclassified subsequently to
profit or loss:
其後不會重新分類至損益 之項目：
Gain on revaluation of owner-occupied properties upon transfer to investment properties
自用物業轉移至投資物 業後之重估收益
3,045
Fair value gain/(loss) on financial assets at fair value through other comprehensive income
透過其他全面收益按 公允值計量之財務 資產重估所產生之
收益╱（虧損） (129,063)
(126,018)
Other comprehensive income/(expense) for
the year
本年度其他全面
收入╱（支出） (1,134,048) 5PUBM DPNQSFIFOTJWF JODPNF FYQFOTF GPS
UIF ZFBS
本年度除稅後全面
收入╱（支出）總額 (136,869)
5PUBM DPNQSFIFOTJWF JODPNF FYQFOTF GPS UIF ZFBS BUUSJCVUBCMF UP
本年度除稅後全面收入╱
（支出）總額歸屬於：
Equity holders of the Company 本公司股權持有人 (363,145)
Holders of perpetual capital instruments 永久資本工具持有人 —
Non-controlling interests 非控股股東權益 226,276
(136,869)
Minmetals Land Limited Annual Report 2017
154
綜 合財務狀況表 Consolidated Statement of Financial Position
As at 31 December 2017 於二零一七年十二月三十一日
2016 二零一七年 二零一六年
NOTES ), HK$’000
附註 千港元 千港元
"44&54 資產
/PODVSSFOU BTTFUT 非流動資產
Property, plant and equipment 物業、廠房及設備 13 186,661
Investment properties 投資物業 14 1,662,326
Goodwill 商譽 15 8,879
Interests in associates 於聯營公司之權益 16(a) 1,141,052
Interests in joint ventures 於合營公司之權益 17(a) —
Financial assets at fair value through other comprehensive income
透過其他全面收益按公允
值計量之財務資產 21 481,682
Other financial assets 其他財務資產 22 115,637
Deferred tax assets 遞延稅項資產 29 560,757
4,156,994
$VSSFOU BTTFUT 流動資產
Inventories 存貨 18 18,919,140
Amounts due from customers for contract work
應收客戶之合約工程款項
19 347,537
Prepayments, trade and other receivables
預付款項、貿易及其他
應收款項 20 11,764,690
Cash and bank deposits, restricted 受限制現金及銀行存款 23 242,201
Cash and bank deposits, unrestricted 不受限制現金及銀行存款 24 5,431,519
36,705,087
5PUBM BTTFUT 資產總額 40,862,081
&26*5: 權益
Share capital 股本 25 334,444
Reserves 儲備 26 6,247,680
&RVJUZ BUUSJCVUBCMF UP FRVJUZ IPMEFST PG UIF $PNQBOZ
本公司股權持有人
應佔之權益 6,582,124
1FSQFUVBM DBQJUBM JOTUSVNFOUT 永久資本工具 27 —
/PODPOUSPMMJOH JOUFSFTUT 非控股股東權益 1,967,748
5PUBM FRVJUZ 權益總額 8,549,872
五礦地產有限公司 二零一七年年報 155 2016 二零一七年 二零一六年
NOTES ), HK$’000
附註 千港元 千港元
-*"#*-*5*&4 負債
/PODVSSFOU MJBCJMJUJFT 非流動負債
Borrowings 借款 28 11,314,859
Deferred tax liabilities 遞延稅項負債 29 131,080
Other liabilities 其他負債 386
11,446,325
$VSSFOU MJBCJMJUJFT 流動負債
Borrowings 借款 28 299,564
Other financial liabilities 其他財務負債 22 —
Trade and other payables 貿易及其他應付款項 30 7,753,209
Deferred revenue 遞延收入 31 12,419,623
Taxation payable 應付稅項 393,488
20,865,884
5PUBM MJBCJMJUJFT 負債總額 32,312,209
5PUBM FRVJUZ BOE MJBCJMJUJFT 權益及負債總額 40,862,081
/FU DVSSFOU BTTFUT 流動資產淨值 15,839,203
5PUBM BTTFUT MFTT DVSSFOU MJBCJMJUJFT 資產總額減流動負債 19,996,197
The consolidated financial statements on pages 152 to 277 were approved and authorised for issue by the Board of directors on 27 March 2018 and are signed on its behalf by:
)F +JBOCP何劍波 )F 9JBPMJ何小麗
DIRECTOR 董事 DIRECTOR 董事
第152至第277頁的綜合財務報表已於二零一八 年三月二十七日獲董事會批准並授權刊發，並 由下列人士代表簽署：
Minmetals Land Limited Annual Report 2017
156
綜 合權益變動表 Consolidated Statement of Changes in Equity
For the year ended 31 December 2017 截至二零一七年十二月三十一日止年度
"UUSJCVUBCMF UP FRVJUZ IPMEFST PG UIF $PNQBOZ 本公司股權持有人應佔
4IBSF DBQJUBM 3FTFSWFT 5PUBM
1FSQFUVBM DBQJUBM JOTUSVNFOUT
/PODPOUSPMMJOH
JOUFSFTUT 5PUBM FRVJUZ
股本 儲備 總額
永久 資本工具
非控股
股東權益 權益總額
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
千港元 千港元 千港元 千港元 千港元 千港元
(Note 26) (Note 27)
（附註26） （附註27）
As at 1 January 2016 於二零一六年一月一日 334,428 7,022,793 7,357,221 — 4,289,672 11,646,893
Profit for the year 年內溢利 — 512,058 512,058 — 485,121 997,179
Other comprehensive expense for the year 年內其他全面開支 — (875,203) (875,203) — (258,845) (1,134,048)
Total comprehensive (expense)/income for the year, net of tax
本年度除稅後全面
（開支）╱收入總額 — (363,145) (363,145) — 226,276 (136,869)
Issue of shares 發行股份 16 56 72 — — 72
Acquisition of the equity interests of subsidiaries from non-controlling shareholders
向非控股股東收購附屬 公司之股權
— (343,088) (343,088) — (2,275,483) (2,618,571)
Reversal of employee share option benefits
撥回僱員購股權福利
— (2,050) (2,050) — — (2,050)
Dividends paid to shareholders of the Company
向本公司股東支付之股息
— (66,886) (66,886) — — (66,886)
Dividends paid to non-controlling shareholders of subsidiaries
向附屬公司非控股股東
支付之股息 — — — — (272,717) (272,717)
16 (411,968) (411,952) — (2,548,200) (2,960,152)
As at 31 December 2016 於二零一六年十二月
三十一日 334,444 6,247,680 6,582,124 — 1,967,748 8,549,872
Profit for the year 年內溢利 — 712,914 712,914 1,303 734,584 1,448,801
Other comprehensive income for the year 年內其他全面收入 — 1,191,151 1,191,151 — 163,724 1,354,875
Total comprehensive income for the year, net of tax
本年度除稅後全面收入
總額 — 1,904,065 1,904,065 1,303 898,308 2,803,676
Issue of shares 發行股份 59 206 265 — — 265
Issue of perpetual capital instruments 發行永久資本工具 — — — 2,392,600 — 2,392,600
Capital reduction paid to a non-controlling shareholder of a subsidiary
向一家附屬公司之一名 非控股股東支付之
股本削減 — — — — (10,098) (10,098)
Dividends paid to shareholders of the Company
向本公司股東支付之股息
— (133,777) (133,777) — — (133,777)
59 (133,571) (133,512) 2,392,600 (10,098) 2,248,990
As at 31 December 2017 於二零一七年十二月
三十一日 334,503 8,018,174 8,352,677 2,393,903 2,855,958 13,602,538
五礦地產有限公司 二零一七年年報 157
綜 合現金流量表 Consolidated Statement of Cash Flows
For the year ended 31 December 2017 截至二零一七年十二月三十一日止年度
2016 二零一七年 二零一六年
NOTES ), HK$’000
附註 千港元 千港元
0QFSBUJOH BDUJWJUJFT 經營活動
Cash generated from/(used in) operations 經營業務所產生╱（所用）
現金 33(a) (584,430)
Income tax paid 已付所得稅 (1,255,742)
Interest paid 已付利息 (462,855)
/FU DBTI VTFE JO PQFSBUJOH BDUJWJUJFT 經營活動所用現金淨額 (2,303,027)
*OWFTUJOH BDUJWJUJFT 投資活動
Purchase of property, plant and equipment
購買物業、廠房及設備
(3,084) Proceeds on disposal of property, plant
and equipment
出售物業、廠房及設備所
得款項 664
Advance to an associate 向一家聯營公司墊資 (88,062)
Loans to a non-controlling shareholder of a subsidiary
貸款予一家附屬公司之
一名非控股股東 (1,412,307)
Interest received 已收利息 241,362
Investments in joint ventures 投資合營公司 —
Advances to joint ventures 向合營公司墊資 —
Advance to a non-controlling shareholder of a subsidiary
向一家附屬公司之一名非
控股股東墊資 —
Dividends from an associate 來自一家聯營公司之股息 120,860
/FU DBTI VTFE JO JOWFTUJOH BDUJWJUJFT 投資活動所用現金淨額 (1,140,567)