REPORT OF THE DIRECTORS (CONTINUED)
RESERVES
Profits attributable to shareholders, before dividend, of HK$344,643,000 (2017 (restated): HK$311,125,000) have been transferred to reserves. Other movements in reserves during the year are set out in note 23 to the financial
statements.
PURCHASE, SALE OR REDEMPTION OF THE COMPANY'S LISTED SECURITIES
During the year, neither the Company nor any of its subsidiaries had purchased, sold or redeemed any of the Company's listed securities.
ARRANGEMENT TO PURCHASE SHARES, WARRANTS, OPTIONS OR DEBENTURES
At no time during the year was the Company or any of its subsidiaries a party to any arrangement to enable the directors, chief executive of the Company or any of their spouses or children under eighteen years of age to acquire benefits by means of the acquisition of shares, options, debentures or warrants of the Company or any other body
corporate.
EQUITY-LINKED AGREEMENTS
For the year ended 31 December 2018, the Company has not entered into any equity-linked agreements.
FINANCIAL SUMMARIES
The five years' financial summary of the Group are set out on pages 168 to 170 of this Annual Report.
GROUP PROPERTIES
A summary of the Group's properties is set out on pages 171 and 172 of this Annual Report.
RETIREMENT PLANS
The Group's Hong Kong employees participate either in a defined benefit retirement scheme or a Mandatory Provident Fund scheme. Particulars of these retirement plans are set
out in note 16 to the financial statements.
DISCLOSURE PURSUANT TO RULES 13.20 AND 13.22 OF THE LISTING RULES
As at 31 December 2018, the Group had granted financial assistance and a guarantee to Win Standard Enterprises Limited, the Joint Venture Company held indirectly by the Company as to 50% and Empire Development Hong Kong Limited ("Empire Group") as to 50% as set out below:
Group's
attributable
interest
Amount of
advances
made by the Group Note 1
HK$'000
Guarantee given for the Joint Venture
Company in respect of a bank facility
Note 2
HK$'000
Total financial
assistance
made available
by the Group
HK$'000
The Joint Venture Company
50%
1,390,804
1,500,000
2,890,804
Hong Kong Ferry (Holdings) Company Limited
21
Annual Report 2018