| 2016 US$ Million |
2015 US$ Million |
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| Results | |||
| Revenue | 1,087.4 | 1,260.3 | |
| Gross loss | (54.3) | (4.1) | |
| EBITDA 1 | 22.8 | 93.2 | |
| Underlying loss | (87.7) | (27.8) | |
| Finance costs, net | (31.2) | (35.3) | |
| Loss attributable to shareholders | (86.5) | (18.5) | |
| Balance Sheet | |||
| Total assets | 2,107.2 | 2,145.7 | |
| Net borrowings | 570.0 | 567.6 | |
| Shareholders' equity | 1,040.8 | 970.9 | |
| Total cash and deposits | 269.2 | 358.4 | |
| Capital commitments | 119.1 | 273.8 | |
| Cash Flows | |||
| Operating | 49.5 | 98.6 | |
| Investing | (98.6) | (54.9) | |
| Financing | 18.1 | (100.4) | |
| Per Share Data | HK cents | HK cents | |
| Basic EPS 2 | (20.4) | (5.4) | |
| Dividends 2 | - | - | |
| Operating cash flows 2 | 12 | 29 | |
| Company net book value 2 | 201 | 281 | |
| Share price at year end 2 | 125 | 123.6 | |
| Market capitalisation at year end | HK$5.0bn | HK$3.3bn | |
| Ratios | |||
| Net profit margin | (8%) | (1%) | |
| Eligible profit payout ratio | - | - | |
| Return on average equity | (9%) | (2%) | |
| Total shareholders' return | 1% | (44%) | |
| Net borrowings to net book value of property, plant and equipment | 34% | 35% | |
| Net borrowings to shareholders' equity | 55% | 59% | |
| Interest coverage (excluding impairments) | 0.7X | 2.3X | |
| 1EBITDA (earnings before interest, tax, depreciation and amortisation) is our gross profit less general and administration expenses, excluding: depreciation and amortisation; exchange differences; share-based compensation; net unrealised bunker swap contract income and expenses; utilised onerous contract provisions; and net of Charter Hire Reduction adjustments. |
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| 2 Prior year comparatives are adjusted for the June 2016 rights issue. | |||
Annual Report 