Page 33 - ar2013

ANNUAL REPORT 2013 31
Return on Assets Employed
The Group applies a Return of
Assets Employed (“ROA”) measure
to evaluate the performance of its
business operations.The ROAmeasures
proftability of assets utilised by the
various operations.
In 2013, ROA decreased from 5.8% to
4.6%, mainly due to lower earnings.
ROA of Healthcare division improved
from 17.4% to 25.6%, due to higher
profts. The decline in ROA of Leisure
division is mainly attributable to
lower revenue recorded as a result of
keen competition. ROA of Property
division at 6.3% (2012: 6.6%) dipped
slightly due to an increase in assets
employed. ROA of the Investment
division maintained at 3.0% is in
tandem with the higher dividend
income received during the year and
larger asset base due to higher market
valuations.
RETURN ON ASSETS EMPLOYED
(%)
30.0
25.0
20.0
15.0
10.0
5.0
0
Healthcare Group Leisure Property Investments
6.3 6.3
2013 2012
5.8
4.6
17.4
25.6
17.2
6.6
3.0 3.0
HawPar_AR2013_FA 260314.indd 31 3/26/14