Annual Report 2003

	New World Development Company Limited (00017)

Cover Contents Corporate Profile Corporate Highlights Corporate Structure Financial Highlights Chairman's Statement Managing Director's Report Property Service Infrastructure Telecommunications Strategic Businesses Corporate Citizenship Financial Review Project Summary - Major Property Development Projects in Hong Kong Project Summary - Major Property Investment Projects in Hong Kong Project Summary - Hotel Investment Project Summary - Infrastructure Project Summary - Major Property Projects in Mainland China Financial Section Contents Directors' Profile Directors' Report Notice of Annual General Meeting Auditors' Report Consolidated Profit and Loss Account Consolidated Balance Sheet Company Balance Sheet Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Accounts Glossary of Terms Five-year Financial Summary Corporate Information Inside backcover Backcover