The Hongkong and Shanghai Hotels, Limited

	Annual Report 2010 (00045)

Cover Contents Company at a Glance Financial and Operating Highlights 2010 Milestones Chairman's Statement Chief Executive Officer's Report The Heritage Factor General Managers' Reports Awards Project Directors Senior Management & Key Functions Financial Review Summary Financial Review Corporate Governance Report Directors' Report Ten Year Operating Summary Ten Year Financial Summary Financial Statements Consolidated Income Statement Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Parent Company Statement of Financial Position Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flows Notes to the Financial Statements Independent Auditor's Report Sustainability Report Principal Subsidiaries, Associates and Jointly Controlled Entity Information for Investors Reservations & Contact Addresses Back Cover