COSCO Pacific Limited
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Historical Statistics
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Financial statistics 2010 2009 2008 2007
Consolidated income statement US$M
Revenue
Terminal   190.8 114.9 78.7 43.3
Container leasing, management, sale and related
businesses
  250.8 229.8 252.6 247.9
Container handling, transportation and storage   4.8 4.7 6.7 7.7
Total   446.5 349.4 338.0 298.9
EBITDA   516.6 321.4 413.6 574.2
Depreciation & amortisation   (111.8) (98.3) (92.6) (84.0)
EBIT   404.8 223.1 321.0 490.2
Interest expenses   (29.4) (39.8) (52.7) (49.9)
Interest income   6.5 6.0 6.9 10.5
Profit before income tax   381.9 189.3 275.2 450.8
Operating profit after finance income and costs   90.4 66.1 120.0 172.8
Profit attributable to equity holders of the Company   361.3 172.5 274.7 427.8
Breakdown of profit attributable to equity holders of the Company  
Terminal and related businesses   119.9 83.5 128.2 128.3
Container leasing, management, sale and related
businesses
  96.3 71.4 141.1 118.0
Logistics and related businesses   84.7 25.6 25.0 19.2
Container manufacturing and related businesses   91.9 30.9 39.3 123.6Note 1
Other operations   - - 0.1 99.0
Net corporate financial income/(costs)   (1.9) (9.6) (45.9) (39.4)
Net corporate expenses   (29.6) (29.3) (13.1) (20.9)
Total   361.3 172.5 274.7 427.8
Consolidated balance sheet US$M
Consolidated total assets   5,251.9 4,635.3 4,213.2 3,871.6
Consolidated total liabilities   1,758.0 1,776.9 1,566.9 1,096.9
Consolidated net assets   3,493.9 2,858.4 2,646.3 2,774.7
Consolidated total debts   1,558.8 1,604.3 1,424.3 914.0
Consolidated cash balances   524.3 405.8 429.0 387.4
Consolidated net debts   1,034.5 1,198.5 995.3 526.6
Per share data  
Capital and reserves attributable to the equity holders of the Company per share US$ 1.23 1.21 1.14 1.21
Basic earnings per share US cents 14.17 7.66 12.24 19.09
Dividend per share US cents 5.67 3.06 4.90 9.41
Net asset value per share HK$ 10.015 9.796 9.135 9.637
Share price (as at 31st December) US$ 1.742 1.281 1.021 2.668
  HK$ 13.540 9.930 7.91 20.800
   
Ratios  
P/E (as at 31st December) Times 12.3 16.7 8.3 14.0
Dividend payout ratio % 40.0 40.0 40.0 56.6Note 2
Return on total assets % 7.3 3.9 6.8 12.5
Return on net assets % 11.4 6.3 10.1 17.2
Return on equity holders of the Company % 11.9 6.5 10.4 17.5
Net debt-to-equity ratio % 29.6 41.9 37.6 19.0
Interest coverage Times 11.1Note 3 5.8 6.2 10.0
   
Other information  
Total number of shares issued (as at 31st December) M 2,711.5 2,262.5 2,245.0 2,244.9
Weighted average number of ordinary shares issued M 2,550.4 2,252.9 2,245.0 2,240.3
Market capitalisation (as at 31st December) US$M 4,723.5 2,897.3 2,291.3 5,988.4
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Notes:
1 The amount in 2006 & 2007 included the financial effect of put options associated with the CIMC share reform.
2 The financial effect of put options associated with the CIMC share reform was excluded in the calculation of dividend payout ratio of year 2006 & 2007.
3 Excluded profit from discontinued operation of COSCO Logistics of US$84,710,000 and US$25,627,000 in 2010 & 2009 respectively.
4 The comparative figures for the breakdown of profit attributable to the equity holders of the Company as presented above have been restated as a result of the adoption of Hong Kong Financial Reporting Standard 8 "Operating Segments" issued by the Hong Kong Institute of Certified Public Accountants.

 

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