BOC Hong Kong (Holdings) Limited (HKEX:2388) Annual Report 2021



The latest annual report of BOC Hong Kong (Holdings) Limited (2388) was published on 31 Dec 2021. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 2388 Annual Results

Amounts in HKD

Total Revenue
46.83B
Gross Profit
46.83B
EBIT
-
Net Tangible Assets
319.45B
Net Income
24.35B
Capital Expenditures
-384M

2388 Income Statement 2021 Annual Report

As per the latest Income Statement of 2388, the Net revenue decreased by $-4.929B (-10%) compared to the previous period. The operating income in 2021 decreased by $-4.989B (-14%). The net income as per the annual report was 24.35B which decreased by $-3.515B (-13%) compared to previous year.

Income Statement Report (2021/2020)

20212020
Total Revenue46.83B51.76B
Gross Profit46.83B51.76B
Operating Income30.43B35.42B
Income Before Tax29.97B33.58B
Net Income24.35B27.86B

Balance Sheet - 2388 2021 Annual Report

Read further: 2388 Balance Sheet Detailed Analysis

The latest balance sheet from annual result of BOC Hong Kong (Holdings) Limited showed the company increased the cash on balance sheet by $75.1B (24%). The Net tangible assets of 2388 on the balance sheet were at 319.45B which is $7.534B (2%) more than previous annual report. The total stockholder equity also increased by $7.697B (2%) compared to previous reporting period.

Balance Sheet Statement Report (2021/2020)

20212020
Cash389.36B314.25B
Total Assets3.64T 3.32T
Long Term Debt--
Total Liabilities3.31T 3T
Total Shareholder Equity321.48B313.78B
Net Tangible Assets319.45B311.92B

Cash Flow Statement - 2388 2021 Annual Report

The 2021 annual cash flow statement of BOC Hong Kong (Holdings) Limited showed that the net income decreased by $-3.515B (-13%) compared to previous reporting period. Also the capital expenditure of 2388 increased by $939.00M (71%).

As of 2021, the total cash from investing activities was -1.33B and total cash from financing activities was 291.59B.

Cash Flow Statement Report (2021/2020)

20212020
Net Income24.35B27.86B
Capital Expenditures-384M-1.32B
Dividends Paid-14.51B-16.59B
Total Cash From From Investing Activities-1.33B-1.32B
Total Cash From From Financing Activities291.59B202.57B

BOC Hong Kong (Holdings) Limited Annual Report History

Income Statement

Income Statement history of BOC Hong Kong (Holdings) Limited (HKEX:2388)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Total Revenue46.83B51.76B56.41B53.29B
Cost Of Revenue----
Gross Profit46.83B51.76B56.41B53.29B
Research Development----
Selling General Administrative13.85B13.78B13.82B12.62B
Non Recurring----
Other Operating Expenses2.56B2.57B2.84B2.59B
Total Operating Expenses16.41B16.35B16.67B15.21B
Operating Income30.43B35.42B39.75B38.08B
Total Other Income Expense Net-459M-1.83B340M1B
Ebit----
Interest Expense----
Income Before Tax29.97B33.58B40.09B39.08B
Income Tax Expense4.97B5.12B6.01B6.43B
Minority Interest5.99B5.88B5.23B4.36B
Net Income From Continuing Ops25B28.47B34.07B32.65B
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income24.35B27.86B33.57B32.07B
Net Income Applicable To Common Shares22.97B26.49B32.18B32.07B

Balance Sheet Statement

Balance Sheet Statement history of BOC Hong Kong (Holdings) Limited (HKEX:2388)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Cash389.36B314.25B181.4B467.77B
Net Receivables75.04B78.77B77.22B79.37B
Inventory151M23M7M10M
Other Current Assets154.66B154.46B162.26B167.29B
Total Current Assets707.47B657.27B530.48B811.26B
Long Term Investments1.21T1.04T964.98B748.8B
Property Plant Equipment46.44B46.85B51.6B49.44B
Intangible Assets2.02B1.86B--
Other Assets1.67T1.57T1.48T1.35T
Deferred Long Term Asset Charges192M95M63M270M
Total Assets3.64T3.32T3.03T2.96T
Accounts Payable2.9T2.58T2.36T2.33T
Other Current Liab282.88B279.52B236.79B212.27B
Other Liab97.09B80.47B78.57B70.81B
Minority Interest5.99B5.88B5.23B4.36B
Total Current Liabilities3.21T2.92T2.64T2.59T
Total Liab3.31T3T2.72T2.67T
Common Stock52.86B52.86B52.86B52.86B
Retained Earnings207.96B198.17B187.01B170.74B
Treasury Stock60.65B62.75B62.39B57.41B
Other Stockholder Equity60.65B62.75B62.39B57.41B
Total Stockholder Equity321.48B313.78B302.26B281.01B
Net Tangible Assets319.45B311.92B302.26B281.01B
Long Term Debt--13.07B12.97B

Cash Flow Statement

Cash Flow Statement history of BOC Hong Kong (Holdings) Limited (HKEX:2388)

31 Dec 202131 Dec 202031 Dec 201931 Dec 2018
Net Income24.35B27.86B33.57B32.07B
Depreciation3.04B3.04B2.88B2.07B
Change To Netincome-3.59B-13.04B11.54B18.86B
Change To Liabilities----
Change To Operating Activities-244.64B-129.94B-304.43B-88.72B
Total Cash From Operating Activities-219.01B-90.42B-273.09B-5.93B
Capital Expenditures-384M-1.32B-1.45B-1.18B
Investments57M-3M-1.1B4M
Total Cashflows From Investing Activities-1.33B-1.32B-3.31B-3.35B
Dividends Paid-14.51B-16.59B-16.91B-13.78B
Net Borrowings-716M-13.34B-644M-7.21B
Other Cashflows From Financing Activities306.81B232.49B3.48B270.97B
Total Cash From Financing Activities291.59B202.57B-14.08B273.46B
Effect Of Exchange Rate4.61B13.58B-4B-20.2B
Change In Cash75.86B124.41B-294.47B243.99B