HK Electric Investments and HK Electric Investments Limited (HKG: 2638)

HK Electric Investments and HK Electric Investments Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	45	21	325	34	52	299
Short-Term Investments	144	93	90	85	120	47
Accounts Receivable	882	1,213	1,390	1,018	782	854
Other Receivables	905	162	150	50	46	73
Inventory	1,062	1,003	1,446	904	726	819
Other Current Assets	1	1	1,893	256	3	86
Total Current Assets	3,039	2,493	5,294	2,347	1,729	2,178
Property, Plant & Equipment	79,558	79,824	78,960	76,740	74,434	72,416
Goodwill	33,623	33,623	33,623	33,623	33,623	33,623
Long-Term Investments	897	895	793	477	278	42
Other Long-Term Assets	1,758	1,705	2,332	1,641	1,503	1,458
Total Assets	118,875	118,540	121,002	114,828	111,567	109,717
Accounts Payable	2,873	3,381	4,718	3,970	2,794	2,921
Short-Term Debt	-	44	-	-	-	33
Current Portion of Long-Term Debt	742	715	557	1,233	4,184	6,010
Current Unearned Revenue	28	33	63	78	22	18
Current Portion of Leases	2	2	-	1	1	2
Current Income Taxes Payable	1,046	889	149	506	541	577
Other Current Liabilities	173	54	40	29	799	686
Total Current Liabilities	4,864	5,118	5,527	5,817	8,341	10,247
Long-Term Debt	49,922	49,447	50,655	45,393	40,706	37,002
Long-Term Leases	-	1	1	-	1	1
Pension & Post-Retirement Benefits	194	191	158	350	367	368
Long-Term Deferred Tax Liabilities	10,134	10,124	10,495	9,982	9,597	9,540
Other Long-Term Liabilities	5,230	4,681	4,833	4,893	4,812	4,087
Total Liabilities	70,344	69,562	71,669	66,435	63,824	61,245
Total Preferred Equity	4	4	4	4	4	4
Common Stock	4	4	4	4	4	4
Additional Paid-In Capital	47,472	47,472	47,472	47,472	47,472	47,472
Retained Earnings	945	1,420	1,065	909	642	668
Comprehensive Income & Other	106	78	788	4	-379	324
Total Common Equity	48,527	48,974	49,329	48,389	47,739	48,468
Shareholders' Equity	48,531	48,978	49,333	48,393	47,743	48,472
Total Liabilities & Equity	118,875	118,540	121,002	114,828	111,567	109,717
Total Debt	50,666	50,209	51,213	46,627	44,892	43,048
Net Cash (Debt)	-50,477	-50,095	-50,798	-46,508	-44,720	-42,702
Net Cash Per Share	-5.71	-5.67	-5.75	-5.26	-5.06	-4.83
Filing Date Shares Outstanding	8,836	8,836	8,836	8,836	8,836	8,836
Total Common Shares Outstanding	8,836	8,836	8,836	8,836	8,836	8,836
Working Capital	-1,825	-2,625	-233	-3,470	-6,612	-8,069
Book Value Per Share	5.49	5.54	5.58	5.48	5.40	5.49
Tangible Book Value	14,904	15,351	15,706	14,766	14,116	14,845
Tangible Book Value Per Share	1.69	1.74	1.78	1.67	1.60	1.68
Machinery	68,269	68,161	65,801	61,455	58,909	55,390
Construction In Progress	11,356	10,574	10,870	11,925	9,587	9,759

Source: S&P Capital IQ. Utility template. Financial Sources.