6-K 1 u98744e6vk.txt THE WHARF (HOLDINGS) LIMITED SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE MONTH OF OCTOBER 2003 (Commission File No. 33-84952-02) THE WHARF (HOLDINGS) LIMITED (Translation of registrant's name in English) 16TH FLOOR, OCEAN CENTRE HARBOUR CITY, CANTON ROAD KOWLOON, HONG KONG (852) 2118 8118 (Address of Principal Executive Offices) (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) Form 20-F X Form 40-F (Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.) Yes No X [CR LOGO] Form D2 COMPANIES REGISTRY NOTIFICATION OF CHANGES OF SECRETARY AND DIRECTORS COMPANY NUMBER 17 1 COMPANY NAME The Wharf (Holdings) Limited 2 TYPE OF CHANGE * [ ] Resignation or cessation [ ] New appointment [ X ] Change of particulars 3 DETAILS OF CHANGE (Note 2) A. RESIGNATION OR CESSATION (Use Continuation Sheet A if more than 1 resignation or cessation) * [ ]Secretary [ ]Director [ ]Alternate Director NAME ---------------------------------------------------------------------- Surname Other names IDENTIFICATION a Hong Kong Identity Card or Company Number ---------------------------------------- I.D. Card Number Company Number b Overseas Passport ---------------------------------------- Number Issuing Country DATE OF RESIGNATION OR CESSATION DD MM YYYY --------------------------------------- Date Alternate To * Please tick the relevant box(es) PRESENTOR'S NAME AND ADDRESS FOR OFFICIAL USE ---------------------------- --------------------------------------- The Wharf (Holdings) Limited 16/F., Ocean Centre, Harbour City, Canton Road, Kowloon, Hong Kong. NOTIFICATION OF CHANGES OF SECRETARY AND DIRECTORS Company Number 17 Page 2 3 DETAILS OF CHANGESS (Notes B. APPOINTMENT / CHANGE OF PARTICULARS 3 & 4) (Use Continuation Sheet B if more than 1 director / secretary is involved) BRIEF DESCRIPTION EFFECTIVE DATE(S) --------------------------------------------------------------------------- Change of address of Director 16 10 2003 DD MM YYYY EXISTING NAME CHENG Paul Ming Fun NAME/NEW NAME - ------------------------------------------------------------ Surname Other names ------------------------------------------------------------ - ------------------------------------------------------------ Alias (if any) ------------------------------------------------------------ - ------------------------------------------------------------ Previous Names ------------------------------------------------------------ ADDRESS House J, Bauhinia Garden, 42 Chung Hom Kok Road, Hong Kong IDENTIFICATION a Hong Kong Identity Card D602758(0) - or Company Number --------------------------------------- I.D. Card Number Company Number b Overseas Passport - - --------------------------------------- Number Issuing Country THIS NOTIFICATION INCLUDES Nil CONTINUATION SHEET A AND Nil CONTINUATION SHEET B. Signed: (Sd.) Wilson W. S. Chan (Name): ( Wilson W. S. Chan ) Date: 17.Oct.2003 ----------------------------- ------------------------------- Secretary * Delete whichever does not apply SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. THE WHARF (HOLDINGS) LIMITED - WHARF Date: October 22, 2003 By: /s/ Wilson Chan --------------------------------- Name: Wilson Chan Title: Company Secretary

UNAUDITED Unaudited 30/06/2003 30/06/2002 Note HK$ MILLION HK$ Million ------ ------------------- -------------------- (Restated) Turnover 2 5,463 5,576 Other net loss 3 (5) (1) ------------------- -------------------- 5,458 5,575 Direct costs and operating expenses (1,984) (1,910) Selling and marketing expenses (244) (225) Administrative and corporate expenses (264) (254) ------------------- -------------------- Operating profit before depreciation, amortisation, interest and tax 2,966 3,186 Depreciation and amortisation (598) (647) ------------------- -------------------- Operating profit 2 2,368 2,539 Borrowing costs 4 (305) (383) ------------------- -------------------- Net profit 2,063 2,156 Net other charges 5 - (247) Share of profits less losses of associates 6 54 (112) ------------------- -------------------- Profit before taxation 2,117 1,797 Taxation 7(c) (470) (306) ------------------- -------------------- Profit after taxation 1,647 1,491 Minority interests (338) (310) ------------------- -------------------- Profit attributable to shareholders 1,309 1,181 =================== ==================== Interim dividend proposed after the balance sheet date 8 802 685 =================== ==================== Earnings per share Basic 9 HK$0.53 HK$0.48 =================== ==================== Diluted 9 HK$0.53 HK$0.48 =================== ==================== Interim dividend per share 8 32.75 CENTS 28.00 cents =================== ====================

SEGMENT REVENUE SEGMENT RESULTS --------------------------- ------------------------- 30/06/2003 30/06/2002 30/06/2003 30/06/2002 HK$ MILLION HK$ Million HK$ MILLION HK$ Million ----------- ----------- ----------- ----------- (Restated) Property investment 2,092 2,217 1,448 1,608 ----- ----- ----- ----- Hong Kong 1,805 1,846 1,430 1,489 China 90 72 28 24 Hotels 197 299 (10) 95 ----- ----- ----- ----- Communication, media and entertainment ("CME") 1,748 1,762 199 203 ----- ----- ----- ----- Pay television 844 877 210 154 Internet and multimedia 193 246 (48) 31 ----- ----- ----- ----- i-CABLE 1,037 1,123 162 185 Telecommunications 615 572 19 3 Others 96 67 18 15 ----- ----- ----- ----- Logistics 1,532 1,478 854 786 ----- ----- ----- ----- Terminals 1,367 1,260 820 709 Other logistics business 165 218 34 77 ----- ----- ----- ----- ----- ----- ----- ----- 5,372 5,457 2,501 2,597 Property development 102 99 (13) 3 Investment and others 114 142 15 65 Inter-segment revenue (Note) (125) (122) -- -- ----- ----- ----- ----- 5,463 5,576 2,503 2,665 ===== ===== Unallocated income and expenses (135) (126) ----- ----- Operating profit 2,368 2,539 Borrowing costs (305) (383) Net other charges Property development -- (204) Investment and others -- (43) Associates Property development 44 (119) Investment and others 10 7 ----- ----- Profit before taxation 2,117 1,797 ===== =====

30/06/2003 30/06/2002 HK$ MILLION HK$ Million ----------- ----------- (Restated) Property investment 49 54 CME 68 44 --- --- Pay television 19 18 Internet and multimedia 1 1 --- --- i-CABLE 20 19 Telecommunications 22 20 Others 26 5 --- --- Logistics 6 8 Investment and others 2 16 --- --- 125 122 === ===

30/06/2003 30/06/2002 HK$ MILLION HK$ Million ----------- ----------- Depreciation - assets held for use under operating leases 40 30 - other assets 494 496 Amortisation of prepaid expenses and programming library 53 110 Amortisation of goodwill 11 11 Staff costs, including retirement scheme costs HK$45 million (2002: HK$58 million) 989 991 Auditors' remuneration Audit services 4 4 Other services 1 1 Cost of properties sold during the period 104 88 and crediting: Rental income less direct outgoings, including contingent rentals HK$47 million (2002: HK$26 million) 1,516 1,536 Interest income 60 86 Dividend income from listed securities 31 24 Dividend income from unlisted securities 29 63 ===== =====

30/06/2003 30/06/2002 HK$ MILLION HK$ Million ----------- ----------- Interest on: - Bank loans and overdrafts 207 175 Other loans repayable within five years 75 147 Other loans repayable after more than five years -- 62 Other borrowing costs 55 64 --- --- 337 448 Less: Amount capitalised (32) (65) --- --- Net borrowing costs for the period 305 383 === ===

30/06/2003 30/06/2002 HK$ MILLION HK$ Million ----------- ----------- (Restated) Current tax Hong Kong profits tax 377 235 Underprovision for Hong Kong profits tax relating to prior years 18 47 Overseas taxation -- 8 --- --- 395 290 --- --- Deferred taxation Origination and reversal of temporary differences (25) 14 Effect of increase in tax rate on deferred tax 99 -- --- --- 74 14 --- --- Share of associates' current Hong Kong profits tax 1 2 --- --- 470 306 === ===

30/06/2003 30/06/2002 HK$ MILLION HK$ Million ----------- ----------- Proposed after the balance sheet date:- 12 cents (2002: 28 cents) per share 294 685 Distribution in specie in the form of shares in i-CABLE Communications Limited ("i-CABLE shares") equivalent to 20.75 cents per share 508 -- --- --- 802 685 === ===

Per share --------- Book net asset value at June 30, 2003 HK$19.78 Add adjustments for:- Modern Terminals - based on the previous average transaction prices 2.26 i-CABLE - based on market value at June 30, 2003 (@$1.97 p.s.) 0.77 -------- Adjusted net asset value per share at June 30, 2003 HK$22.81 ========

Capital Commitments as at June 30, 2003 ------------------------------- Business Unit/Company Capital Authorised Authorised Expenditure And But not for 1-6/2003 Contracted for Contracted for HK$ Million HK$ Million HK$ Million ----------- -------------- -------------- Property investments/others 98 96 1,211 Modern Terminals 196 847 172 i-CABLE 210 66 113 Wharf T&T 150 186 87 --- ----- ----- 654 1,195 1,583 === ===== ===== At December 31, 2002 1,700 1,606 ===== =====

30/6/2003 --------------------------------------------- Available Total Undrawn Facility Debt Facility HK$ HK$ HK$ Debt Maturity Billion Billion Billion ------------- --------- ------- -------- Company and wholly-owned subsidiaries ------------------------------------- Committed facilities Repayable within 1 year 3.3 3.1 15% 0.2 Repayable between 1 to 2 years 5.3 5.0 24% 0.3 Repayable between 2 to 3 years 3.4 2.7 13% 0.7 Repayable between 3 to 4 years 5.3 5.3 25% -- Repayable between 4 to 5 years 4.9 2.3 12% 2.6 ---- ---- --- --- 22.2 18.4 89% 3.8 Uncommitted facilities 2.3 0.5 2% 1.8 ---- ---- --- --- 24.5 18.9 91% 5.6 Non wholly-owned subsidiaries - Committed and uncommitted ----------------------------- Modern Terminals Limited 2.9 1.3 6% 1.6 i-CABLE Communications Limited 0.9 0.3 1% 0.6 Others 0.5 0.5 2% -- ---- ---- --- --- 28.8 21.0 100% 7.8 ==== ==== === === ---- ---- --- --- - Secured 1.0 0.8 4% 0.2 - Unsecured 27.8 20.2 96% 7.6 ---- ---- --- --- ---- ---- --- --- Total 28.8 21.0 100% 7.8 ==== ==== === ===

HK$ Billion ----------- Hong Kong dollar 15.8 United States dollar (swapped into Hong Kong dollars) 4.6 Renminbi 0.6 ---- 21.0 ====

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