Power Assets Canada United Kingdom Continental Europe
BUSINESS REVIEW Investment in Infrastructure Investments in POWER ASSETS UNITED KINGDOM Infrastructure Investments in Infrastructure Investments in CONTINENTAL CANADA EUROPE Infrastructure Investments in Infrastructure Investments in AUSTRALIA MAINLAND CHINA Investments in Infrastructure Investments in INFRASTRUCTURE NEW ZEALAND RELATED BUSINESSES BUSINESS REVIEW Investment in POWER ASSETS CKI holds 38.01% of Power Assets, a global investor with assets in Hong Kong, the United Kingdom, Australia, New Zealand, Mainland China, the United States, Canada, Thailand, the Netherlands and Portugal. These investments include electricity and gas companies which serve millions of customers around the world. 28 CK INFRASTRUCTURE HOLDINGS LIMITED Power Assets’ 2017 audited profits attributable to In Canada, Canadian Power Holdings delivered shareholders amounted to HK$8,319 million (2016: high availability and Canadian Midstream Assets HK$6,417 million), an increase of 30% as compared progressed with the implementation of major pipeline to 2016. This was mainly due to a one-off gain on projects. Dutch Enviro Energy in the Netherlands disposal of properties recorded in 2017, the first full- expanded its portfolio to include waste separation year contribution from Canadian Midstream Assets, to better serve customer needs. During the year, contribution from the newly acquired investment the operations in Thailand, Mainland China, Portugal DUET Group (“DUET”) and more favourable and New Zealand also delivered strong operational exchange rates on translation of foreign currency performance and high levels of customer satisfaction. deposits to the Hong Kong dollar. The profit increase was partially offset by a one-off deferred tax credit In Hong Kong, Power Assets through HK Electric recognised in 2016 for a reduction of corporate tax Investments and HK Electric Investments Limited rate in the United Kingdom.
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