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Year
年份
HK$ Million
港幣百萬元
Expenditure Distribution
支出分佈
as at 31 March 2016
截至二零一六年三月三十一日止
53
436
182
3,527
563
490
37
409
146
939
508
283
12
353
137
1,103
369
287
(44)
352
113
(13)
362
331
(32)
340
93
(15)
376
237
2011/12
2012/13
2013/14
2014/15
2015/16
■
Social Project Expenditures
社區項目支出
■
Property Development and
Related Costs
物業發展及相關成本
■
Property Leasing and
Management Expenses
物業租賃及管理支出
■
Staff Costs
員工成本
■
Assets Depreciation,
Impairment and Written off
資產折舊、減值及撇銷
■
Other Operating Costs
其他營運成本
5,251
2,261
1,101
999
2,322
73
香港房屋協會
2016
年年報
Given the unfavourable market conditions and volatility on the global
investment market, our securities investments recorded a loss of
HK$442 million for the year.
Expense Analysis
Total expenses went up to HK$5,251 million during the review
period, an increase of HK$2,929 million year-on-year. The increase
was mainly attributed to the rise in property development costs
related to Heya Delight, Heya Star and Greenview Villa, and an
impairment loss made this year for two investment properties under
development, namely the redevelopment of Ming Wah Dai Ha and a
new rental estate in Sha Tau Kok. Property leasing and management
expenses also went up with higher spending in cleaning and security
expenses because of the increase in minimum wages, day-to-day
maintenance of our ageing estates, and promotion and marketing
expenses for The Tanner Hill.
Financial Outlook and Management
Property Sales
Subsidised Sale Flats projects in the pipeline with a target to
attain breakeven
Property development for sale is one of the core businesses of the
Housing Society. Over the years, the Housing Society has developed
various housing schemes to help the people of Hong Kong fulfil their
home ownership aspirations. Affordable housing units were sold to
Financial Management
財務管理
由於市道欠佳，加上全球投資市場波動，我
們年內的證券投資錄得四億四千二百萬港元
的虧損。
支出分析
本年度的總支出增至五十二億五千一百萬
港元，按年增加二十九億二千九百萬港元。
增加主要是由於「喜盈」、「喜韻」及「綠悠
雅苑」的物業發展成本上漲，以及本年度就
兩項發展中的投資物業（即重建明華大廈及
沙頭角新出租屋邨）作出減值虧損。由於最
低工資上調令清潔及保安開支上升，加上
舊邨的日常維修，以及「雋悅」的推廣與營銷
支出，令物業租賃及管理開支亦有所增加。
財務前景及管理
物業銷售
籌劃中以達致收支平衡為目標的資助出售
房屋項目
發展出售物業為房協其中一項核心業務。
房協多年來先後發展過不同的房屋計劃，協
助香港市民實現置業願望。由過往的「住宅
發售計劃」及「夾心階層住屋計劃」，以至近