In 2000, Non-Property segment contributed insignificant amounts in both sales and results following divestments made in the previous year.

For 1999, Non-Property comprising the Group’s associated companies (engaged in telecommunications and transportation, engineering and financial service activities) provided a pre-tax profit of $10.5 million.

Equity Employed

At 31 December 2000, the Group’s equity employed amounted to $2.6 billion, 2.5% higher than the corresponding position a year ago. This came from funds provided by the Company’s shareholders and the minority shareholders in certain subsidiary companies. The greater part of these funds was utilised by Property Investment and Property Trading.