Overview
Power Assets Holdings understands the power of energy. The company's subsidiaries include utility companies, an electricity supply engineering firm, and an investment arm focused on energy companies. It has a 33% stake in Hongkong Electric Company, which serves more than 580,000 customers in Hong Kong with a generating capacity of 3,237 MW. It has powered the island since the late 1800s. Power Assets also has energy interests in Australia, Canada,
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Read More Thailand, China, New Zealand, the Netherlands, and the UK through its Power Assets Investment unit.
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Read More Thailand, China, New Zealand, the Netherlands, and the UK through its Power Assets Investment unit.
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ANDREW JOHN HUNTER
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Management of Companies and Enterprises
,
Electric Power Generation, Transmission and Distribution
,
Investment holding companies, except banks
,
Electric services
?
$870.60 million
Actual
3.33%
1.93%
$94,077
DEC
?
?
Hong Kong:00006
Contacts
Get in Touch with 12 Principals*
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ANDREW JOHN HUNTERDirector
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Contact 3?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$870.60 million
USD
Actual
1 USD = 7.7808 HKD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $121 | $199 | $99 |
| Net Investing Cash | $731 | $540 | $515 |
| Net Financing Cash | -$816 | -$796 | -$789 |
| Net Change in Cash | $36 | -$57 | -$175 |
| Cash at Beginning of Period | $316 | $371 | $545 |
| Cash at End of Period | $351 | $316 | $371 |
| Capital Expenditure | $ | -$0 | -$0 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $351 | $540 | $758 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $97 | $20 | $127 |
| Asset Summary | |||
| Total Current Assets | $448 | $560 | $884 |
| Tangible Fixed Assets | $2 | $2 | $2 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $94,077 | $95,702 | $94,527 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $510 | $372 | $503 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $14 | $45 | $16 |
| Liability Summary | |||
| Total Current Liabilities | $524 | $418 | $519 |
| Long-Term Debt | $322 | $398 | $416 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $900 | $893 | $986 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $850 | $850 | $850 |
| Retained Earnings | $ | $ | $ |
| Equity Summary | |||
| Total Equity | $11,191 | $11,406 | $11,163 |
| Shares Outstanding | 2,131,105,154 | 2,131,105,154 | 2,131,105,154 |