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• Cover
• Inside Front Cover
• Contents
• Milestones 2005
• Chairman's letter
• CEO's review of operations and outlook
• Operating network with future extensions
• Key figures
• Executive management's report: Railway operations
• Executive management's report: Station Commercial and other businesses
• Executive management's report: Overseas growth
• Executive management's report: Property business
• Executive management's report: Hong Kong network expansion projects
• Executive management's report: Human resources
• Financial review
• Ten-year statistics
• Investor relations
• Sustainability
• Corporate governance report
• Remuneration report
• Board and Executive Directorate
• Key corporate management
• Report of the Members of the Board
• Contents of accounts and notes
• Auditors' report
• Consolidated profit and loss account
• Consolidated balance sheet
• Balance sheet
• Consolidated statement of changes in equity
• Consolidated cash flow statement
• Notes to the accounts
• Glossary
• Inside back cover
• Back cover