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note 1: net debt: total debt including lease liabilities (from 2019) less cash and cash equivalents and restricted bank deposits.
note 2: net gearing ratio: net debt divided by total shareholders' equity.
note 3: the net gearing ratio increased from 39% to 41% as a result of adoption of hkfrs 16 leases, effective and adopted by the group from 1 january 2019.
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