2faedb0c-ee47-4bf1-a5d5-6ac6905924cb.pdf


2015

ANNUAL REPORT‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌‌

From Luxury Duty

Free Shopping, Exciting Entertainment and Fabulous Dining

to World-Class Hotel Suites and MICE, Come and Discover

Everything at Sands China.

SANDS CHINA LTD.


CONTENTS


  1. OVERVIEW 4

    1. Financial Highlights 4

    2. Highlights of 2015 5

    3. Directors and Senior Management 11

    4. BUSINESS REVIEW 19

      1. Chairman's Statement 19

      2. Business Overview and Outlook 21

      3. Our Properties 28

      4. Management Discussion and Analysis 35

      5. Risk Factors 47

      6. Stakeholder Information 61

        1. Our Shareholders 61

        2. Our Lenders 63

        3. Our Customers 64

        4. Our Suppliers 64

        5. Our Employees 65

        6. Our Commitment to the Community 67

        7. Preserving the Environment 71

        8. CORPORATE GOVERNANCE REPORT 77

          1. Chairman's Introduction 77

          2. Good Governance 78

          3. The Board 79

          4. Key Roles 83

          5. Activity 85

          6. The Committees 87

          7. Risk and Internal Control 91

          8. Shareholders 92

          9. Compliance Disclosures and

            Other Matters 94

          10. Directors' Report 96

          11. FINANCIAL STATEMENTS 113

            1. Independent Auditor's Report 113

            2. Financial Statements 115

            3. Notes to the Consolidated

              Financial Statements 121

            4. Financial Summary 206

            5. CORPORATE INFORMATION 207

            6. CONTACT US 208

            7. GLOSSARY 209

              8. In case of any inconsistency between the English version and the Chinese version of this annual report, the English version shall prevail.


              SANDS CHINA LTD.

              1.1 FINANCIAL HIGHLIGHTS


              2

              ANNUAL REPORT 2015

              our

              Luxurious Hotel Rooms and Suites

              await you.


              INTRODUCTION

              Sands China operates the largest collection of integrated resorts in Macao. As at December 31, 2015, we had 9,782 hotel rooms and suites, 124 restaurants, 1.5 million square feet of retail, 1.6 million square feet of meeting space, 2 permanent theaters, a 15,000-seat arena and some of the world's largest casinos.

            Sands China Ltd. issued this content on 23 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 March 2016 09:17:29 UTC

            Original Document: http://media.corporate-ir.net/media_files/IROL/23/233498/Announcements/2016/1_2015_Annual_Report_ENG.pdf