Annual Report 2005

	New World Development Company Limited (00017)

Cover Contents Corporate Profile Corporate Information Corporate Structure Financial Highlights Chairman's Statement Managing Director's Report Property Infrastructure Service Telecommunications Strategic Businesses Corporate Governance Corporate Citizenship Management Discussion and Analysis 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 Directors' Profile Financial Section Contents Report of the Directors Report of the Auditors 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 Inside Back Cover Back Cover