the certificate directly to the SEC; 1 The Hong Kong Monetary Authority, in conjunction with the People’s Bank of China and the Monetary Authority of Macao, launched the Wealth Management Connect Scheme
Cooperation. Investment Management Policy Department Tel: 0-2263-6246 The Hong Kong Monetary Authority, in conjunction with the People’s Bank of China and the Monetary Authority of Macao, launched the Wealth
bearing liabilities – cash and cash equivalents 2) Leverage Q4 and FY use annualized EBITDA for the previous 4 quarters 3) ROFA = (Net profit + Depreciation)/ Average (Q4 2019 and Q4 2018) of property
Net Debt/Equity Ratio 0.44 0.19 0.44 0.19 Leverage (Net Debt/EBITDA) 1.72 0.91 1.48 0.60 Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalent 2) Leverage Q4 uses annualized EBITDA
Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q2 2018 and Q4 2017) of property
DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2019 4. Financial Ratios Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalents 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA = (Net
Debt = Interest bearing liabilities – cash and cash equivalent 2) Leverage Q1 uses annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q1 2018 and Q4 2017) of property, plant and equipment
2017: 4. Financial Ratios Note: 1) Net Debt = Interest bearing liabilities – cash and cash equivalent 2) Leverage Q2 and FY use annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q2 2018
bearing liabilities – cash and cash equivalent 2) Leverage Q3 and FY uses annualized EBITDA 3) ROFA = (Net profit + Depreciation)/ Average (Q3 2018 and Q2 2018) of property, plant and equipment Mr. Geza