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HONG KONG.
THU 2 TH L IUTOW
Dividends payable
8.
It has been assumed that the AA will begin to pay dividends
to the Government immediately after debts have been paid off.
The first year of dividend payment is assumed to be 2005 in both
the base and the downside cases. Potential dividend payments are
shown at the bottom of each sheet.
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9. The financial arrangements in the attached cash flows assume
expansion to provide a second runway and additional terminal
facilities after 1997. No decision has been taken on these, and
none will be made before 1997. The decision will be made by the
Authority and the Government after 1997 in the light of actual
growth in traffic.