2001 Annual Report The Hongkong and Shanghai Hotels Limited Cover Contents Financial Highlights Chairman's Statement Directors & Senior Management Chief Executive Officer's Operating Review People's Republic of China United States of America Other Asia Pacific Geographical Locations Ten Year Financial Summary Financial Review Directors' Report Financial Statements Content Consolidated Profit and Loss Statement Consolidated Statement of Recognised Gains and Losses Consolidated Balance Sheet Parent Company Balance Sheet Consolidated Cash Flow Statement Notes to the Accounts Principal Subsidiary Companies Auditors' Report Reservation Addresses Inside Back Cover