APPENDIX 1 Option 1: Summary Table of Cashflow and Funding Shortfall (Note 1) Cumulative Cumulative Funding Funding Funding Surplus/(Shortfall) Surplus/(Shortfall) Surplus/(Shortfall) after Dividend before Dividend for the year after (Note 3) (Note 3) Dividend n n (F) + (A) [(D) + (A)] [(F) + (A)] i=1 i=1 (HK$ billion) Option 1 Capex (A) Cash Generated from Our Operations (B) Expenditure on Committed Capital Projects and Replacement of Fixed Assets (C) (5.0) (3.3) (1.4) (1.5) (4.1) (3.5) (7.1) (4.5) (4.0) (4.5) (3.6) (6.3) (4.5) (5.8) (5.0) (4.7) (5.1) (5.7) (79.5) Net Cashflow before Dividend (D) = (B) + (C) Dividend (Note 2) (E) Net Cashflow after Dividend (F) = (D) + (E) 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31 Total (2013/142030/31) – – – (0.1) (1.6) (4.6) (3.7) (0.9) (1.1) (4.5) (7.1) (6.4) (1.9) – (0.1) (3.9) (5.4) (1.3) (42.5) 7.1 6.2 6.5 7.0 8.3 8.4 8.7 7.7 8.7 10.4 10.3 10.4 8.9 9.8 10.6 11.9 11.8 10.9 163.7 2.2 2.9 5.1 5.5 4.2 4.9 1.6 3.2 4.7 5.9 6.7 4.1 4.4 4.0 5.6 7.2 6.8 5.2 84.2 (3.1) (3.5) (3.8) (3.8) (3.8) (4.3) (4.4) (4.6) (4.7) (4.4) (5.0) (5.1) (5.2) (5.1) (4.4) (4.9) (4.8) (4.8) (79.6) (0.9) (0.6) 1.3 1.7 0.4 0.6 (2.8) (1.5) 0.1 1.5 1.7 (1.0) (0.8) (1.1) 1.2 2.3 1.9 0.4 4.6 (0.9) (0.6) 1.3 1.6 (1.2) (4.0) (6.5) (2.4) (1.0) (3.0) (5.4) (7.4) (2.6) (1.1) 1.1 (1.6) (3.4) (0.9) (37.9) 2.2 5.1 10.2 15.6 18.2 18.5 16.4 18.7 22.3 23.7 23.3 21.0 23.5 27.6 33.0 36.3 37.7 41.6 (0.9) (1.5) (0.2) 1.4 0.2 (3.8) (10.2) (12.6) (13.6) (16.6) (22.0) (29.4) (32.0) (33.1) (32.0) (33.6) (37.1) (37.9) Note: 1 The above projections are presented for illustration purposes only and do not represent any forecast adopted by AAHK on its future business performance. The actual outcome of the projections will depend on many factors which cannot be foreseen at this time, and which are outside the control of AAHK. The above figures are subject to rounding differences. Dividend refers to payout based on 80% of the net profit of the preceding year. Cumulative funding surplus/(shortfall) refers to the sum of preceding year’s annual funding surplus/(shortfall) and current year’s annual funding surplus/(shortfall). 2 3 58