| Cover | 1 |
| Content | 2 |
| Chairman's Message | 4 |
| Board of Directors | 9 |
| Corporate Information | 12 |
| Corporate Structure | 13 |
| Five-Year Group Financial Summary | 14 |
| Operations Review | 16 |
| Hotel Portfolio | 24 |
| Property Portfolio | 28 |
| Shareholder Calendar | 30 |
| Corporate Governance Statement | 31 |
| Financial Statements | 45 |
| Directors' Report | 46 |
| Statement by Directors | 49 |
| Independent Auditors' Report | 50 |
| Consolidated Income Statement | 52 |
| Statement of Total Comprehensive Income | 53 |
| Statements of Financial Position | 54 |
| Statement of Changes in Equity | 56 |
| Consolidated Statement of Cash Flows | 58 |
| Notes to the Financial Statements | 60 |
| Shareholding Statistics | 112 |
| Notice of Annual General Meeting and Books Closure | 114 |
| Proxy Form | 117 |