2003 Annual Report

	PCCW Limited (00008)

Cover Contents Corporate Profile Milestones 2003 Financial Highlights Statement from the Chairman Statement from the Deputy Chairman and Group Managing Director Business Overview Board of Directors Corporate Governance Management's Discussion and Analysis Financial Information Report of the Directors Auditors' Report Consolidated Income Statement Consolidated Statement of Changes in Equity Consolidated Balance Sheet Balance Sheet Consolidated Cash Flow Statement Notes to the Financial Statements Five Year Financial Summary Schedule of Principal Properties Investor Relations Inside Back Cover Back Cover