REPORT OF THE DIRECTORS (CONTINUED)

RESERVES

Profits attributable to shareholders, before dividend, of

HK$192,915,000 (2014: HK$1,031,411,000) have been transferred

to reserves. Other movements in reserves during the year are set

out in note 23 to the financial statements.

PURCHASE, Sale or REDEMPTION OF THE COMPANY'S LISTED SECURITIES

During the year, neither the Company nor any of its subsidiaries had purchased, sold or redeemed any of the Company's listed

securities.

ARRANGEMENT TO PURCHASE SHARES, WARRANTS, OPTIONS OR DEBENTURES

At no time during the year was the Company or any of its subsidiaries a party to any arrangement to enable the directors, chief executive of the Company or any of their spouses or children under eighteen years of age to acquire benefits by means of the acquisition of shares, options, debentures or warrants of the Company or any other body corporate.

EQUITY-LINKED AGREEMENTS

For the year ended 31 December 2015, the Company has not entered into any equity-linked agreements.

FINANCIAL SUMMARIES

The five years' summary of assets and liabilities and ten years' financial summary of the Group are set out on pages 135 to 137 of this Annual Report.

GROUP PROPERTIES

A summary of the Group's properties is set out on pages 138 and 139 of this Annual Report.

RETIREMENT PLANS

The Group's Hong Kong employees participate either in a defined benefit retirement scheme or a Mandatory Provident Fund scheme. Particulars of these retirement plans are set out in

note 16 to the financial statements.

Hong Kong Ferry (Holdings) Company Limited

19

Annual Report 2015

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