Annual Report 2007

	Shui On Land Limited (00272)

Cover Inside Front Cover Contents Innovative Developer for China Financial Highlights Core Developments in Key Cities Transforimg Communities with Sensible Design Thoughtful Planning Brings People Together Creating Synergies Through Strategic Partnerships Bridging East & West Old & New Chairman's Statement Management Chat Room Achievement Highlights Management Discussion and Analysis Market Updates and Project Profiles New Projects in Yunnan Business Review Financial Review Market Outlook Lankbank at a Glance Corporate Governance Report Corporate Social Responsibilities Biographies of Directors and Senior Management Director's Report Independent Auditor's Report Consolidated Income Statement Consolidated Balance Sheet Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Consolidated Financial Statements Financial Summary Corporate Information Inside Back Cover Back Cover