SWIRE PACIFIC A 00019·

Gross margin ------------------------------------------------------------38.66%--37.50%1.16%37.07%0.43%37.16%0.10%37.29%0.13% Net margin ------------------------------------------------------------5.61%--6.88%1.26%31.47%24.59%5.74%25.73%3.86%1.87% ROE ------------------------------------------------------------1.26%--1.62%0.36%10.76%9.14%1.67%9.09%1.13%0.54% ROA ------------------------------------------------------------1.18%--1.44%0.27%6.66%5.22%0.99%5.68%0.73%0.25% Revenue growth ----------------------------------------------------------------9.18%--5.52%3.67%-11.67%17.18%7.65%19.31% Attributable profit growth ----------------------------------------------------------------36.53%--597.77%561.24%-84.70%682.46%-33.68%51.01% Debt-to-assets ------------------------------------------------------------25.72%--27.33%1.61%27.47%0.13%33.13%5.67%33.62%0.49% Current ratio ------------------------------------------------------------1.00--0.980.020.970.011.060.090.980.08 Operating cash flow / net profit ------------------------------------------------------------2.28--1.300.980.330.972.221.894.161.94 Operating cash flow / revenue ------------------------------------------------------------12.79%--8.95%3.84%10.46%1.51%12.76%2.30%16.08%3.33%

Gross margin 37.74%--35.35%2.39% Net margin 2.12%--15.76%13.64% Revenue growth ----8.02%-- Attributable profit growth ----730.55%-- Debt-to-assets ----23.73%-- Current ratio ----1.03-- Operating cash flow / net profit 7.88--1.156.73 Operating cash flow / revenue 16.72%--18.09%1.37%

Revenue ------------------------------------------------------------74.59B--81.44B9.18%85.93B5.52%75.91B11.67%81.71B7.65% Other income and gains ----------------------------------------------------------------------------538.00M-- Cost of sales ----------------------------------------------------------------------------56.73B-- Gross profit ------------------------------------------------------------28.84B--30.54B5.89%31.85B4.30%28.21B11.44%30.47B8.02% Selling and distribution expenses ------------------------------------------------------------13.45B--14.43B7.23%13.58B5.87%10.59B21.99%11.97B12.99% Administrative expenses ------------------------------------------------------------5.76B--6.60B14.48%7.64B15.83%8.66B13.37%8.68B0.18% Net finance costs ------------------------------------------------------------1.68B--1.57B6.89%2.37B51.16%2.76B16.74%2.73B1.22% Income tax ------------------------------------------------------------2.51B--2.69B7.23%2.66B1.28%2.86B7.48%2.11B25.96% Operating profit ------------------------------------------------------------9.89B--10.56B6.81%27.75B162.66%3.93B85.85%4.02B2.46% Share of associates and JVs -------------------------------------------------------------459.49M---1.29B180.72%3.78B393.32%5.52B45.78%3.43B37.87% Profit before tax ------------------------------------------------------------8.01B--7.97B0.52%29.70B272.79%7.21B75.72%5.27B26.88% Net profit ------------------------------------------------------------4.19B--5.60B33.77%27.04B382.86%4.35B83.90%3.16B27.49% Net profit attributable to owners ------------------------------------------------------------2.74B--3.75B36.53%26.15B597.77%4.00B84.70%2.65B33.68%

Revenue 45.77B--49.45B8.02% Other income and gains 197.00M--624.00M216.75% Cost of sales 28.50B--31.97B12.17% Gross profit 17.27B--17.48B1.18% Selling and distribution expenses 6.64B--6.76B1.76% Administrative expenses 4.80B--4.38B8.79% Net finance costs 1.18B--1.23B4.41% Income tax 1.10B--1.46B32.28% Operating profit 1.86B--7.49B302.63% Share of associates and JVs 1.39B--2.99B114.74% Profit before tax 2.07B--9.25B346.00% Net profit 971.00M--7.79B702.37% Net profit attributable to owners 815.00M--6.77B730.55%

Cash and cash equivalents ----------------------------------------------------------------------------23.17B-- Trade and bills receivables ------------------------------------------------------------7.18B--8.78B22.37%7.89B10.17%10.36B31.29%10.21B1.42% Inventories ------------------------------------------------------------4.65B--6.80B46.21%6.11B10.03%7.36B20.38%7.64B3.76% Total current assets ------------------------------------------------------------39.49B--36.39B7.84%36.87B1.31%54.99B49.16%54.14B1.56% Total assets ------------------------------------------------------------356.20B--388.36B9.03%405.76B4.48%441.31B8.76%430.31B2.49% Total current liabilities ------------------------------------------------------------39.47B--37.10B6.01%37.89B2.14%51.88B36.92%55.32B6.62% Total liabilities ------------------------------------------------------------91.61B--106.15B15.87%111.45B4.99%146.22B31.20%144.68B1.05% Equity attributable to owners ------------------------------------------------------------217.90B--230.87B5.95%242.98B5.25%239.20B1.56%234.46B1.98% Total equity ------------------------------------------------------------264.59B--282.22B6.66%294.32B4.29%295.10B0.27%285.63B3.21%

Cash and cash equivalents ----22.25B-- Trade and bills receivables ----12.89B-- Inventories ----8.11B-- Total current assets ----59.90B-- Total assets ----423.62B-- Total current liabilities ----58.42B-- Total liabilities ----100.53B-- Equity attributable to owners ----266.32B-- Total equity ----323.09B--

Net cash from operating activities ------------------------------------------------------------9.54B--7.29B23.61%8.99B23.35%9.68B7.76%13.14B35.71% Net cash from investing activities -------------------------------------------------------------5.19B---15.67B202.10%11.81B175.36%-13.52B214.48%-964.64M92.86% Net cash from financing activities -------------------------------------------------------------10.09B---1.25B87.59%-19.69B1472.11%11.69B159.36%-11.70B200.09% Net change in cash -------------------------------------------------------------5.74B---9.64B67.87%1.11B111.48%7.85B609.79%479.61M93.89%

Net cash from operating activities 7.65B--8.94B16.86% Net cash from investing activities -2.02B---1.27B37.06% Net cash from financing activities -1.90B---9.52B401.63% Net change in cash 4.26B---617.00M114.47%