TNAG-2264-FCO40-3261-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-gener-1991 — Page 9

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

FINANCIAL RESULTS UNDER LEAST ATTRACTIVE SCENARIO

FINANCIAL MEASURES

Return on equity (%)

Initial debt-to-equity ratio

ACTUAL RESULTS

14.2

2.14:1

Final maturity of initial debt (years)

12.5

Initial year debt service coverage ratio

1.30

Year of first dividend payment

2007

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