CKIHOLDINGS：ANNUALRESULTSFOR2020.pdf

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1、CK Infrastructure Holdings Limited 17/3/2021 1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document,make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for a

2、ny loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.CK Infrastructure Holdings Limited 長江基建集團有限公司 (Incorporated in Bermuda with limited liability)(Stock Code:1038)THE CHAIRMANS LETTER FOR 2020 FUNDS FROM OPERATIONS INCREASE AMIDST PANDEMIC CHALLE

3、NGES The global COVID-19 pandemic has impacted countries,businesses and people around the world.As well as the immediate implications on health,safety and travel,there have also been devastating effects on economies and markets.Against this COVID-19 pandemic backdrop,CK Infrastructure Holdings Limit

4、ed(“CKI”,the“Company”or the“Group”)has remained relatively steadfast and resilient.Characterised by regulated businesses,the performance of the operating units in different markets around the world have generally been stable,continuing to provide efficient and uninterrupted services to users and del

5、ivering an increase in funds from operations.MAJORITY OF PROFIT DECREASE AMOUNT ARE NON-CASH ITEMS For 2020,the Group recorded profit attributable to shareholders of HK$7,320 million(2019:HK$10,506 million),representing a year-on-year decrease of 30%(i.e.HK$3,186 million).More than half of the decre

6、ase is attributable to non-cash items:(i)the non-cash deferred tax charge of HK$1.4 billion reported in the United Kingdom to reflect the corporate tax rate remaining at 19%(rather than 17%as previously enacted);and(ii)the HK$0.4 billion non-cash higher depreciation charges for UK Rails in the Unite