HOPEWELL HOLDINGS LIMITED Annual Report 2001

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1 HOPEWELL HOLDINGS LIMITED Annual Report 2001

2 HOPEWELL HOLDINGS LIMITED ANNUAL REPORT

3 HOPEWELL HOLDINGS LIMITED ANNUAL REPORT

4 2 3% 21% 16% 30% 30% =1,750,000,000 3% 24% 73% =1,011,000,000 65% 35% ,000 12,000 10,000 8,000 6,000 4,000 2,000 13,878 13, ,000 12,000 10,000 8,000 6,000 4,000 2,000 13,878 7,845 13,643 10,197 28,000 24,000 20,000 16,000 12,000 8,000 4,000 22,306 7,845 24,289 10, ,000 24,000 20,000 16,000 12,000 8,000 4,000

5 ,850 1,476 1,348 1,572 1,750 (1,088) (2,839) (155) (49) (32) (20) (27) (1,243) (2,888) (394) (1) (3) (6) (3) (1,637) (2,889) ,963 8,957 7,222 6,358 6, ,169 1,185 1,154 1, ,820 16,632 16,194 15,680 14,569 3, ,272 2,908 1,863 2, (7,346) (4,745) (3,836) (3,563) (2,293) (6,605) (10,507) (9,652) (9,593) (8,010) (2) (1) (5) (10) (13) 21,997 15,997 14,446 13,643 13,878

6 4 1,011,000,00019% 306,000,00080%

7 % 300,000,000 1,380,000,000 7,845,000,000 13,878,000,000 57% 75%

8 6 736,000,00019% 10.5% 20% 13% 10%5% %

9 7 94% 13,060,000 12,970,000 33,000,000

10 8 4% 10% Tanjung Jati B

11 9 KCMG, FICE

12 10 HOPEWELL HOLDINGS LIMITED ANNUAL REPORT 2001

13 HOPEWELL HOLDINGS LIMITED ANNUAL REPORT

14 12

15 ,388 1,762 (1,426) 336 (1) (2) 765,000, % % % 108,00013% 10%1,767,000,000

16 14 110, ,000 90,000 80,000 70,000 60,000 50, ,000 95, ,100 1,800 1,500 1, ,767 1,614 I.C. ISO9000

17 % 5% 99,800 2% 25% 662,000, ,000,000 50% 25% ,000 95,000 90,000 85,000 80,000 75,000 70,000 99,800 95,300

18 % ,000 90,000 80,000 70,000 60,000 50,000 40,000 79,500 96, % 96,30018%

19 : 45.0% : 37.5% : 32.5% 38 33, ,000 35,000 30,000 25,000 20,000 15,000 10,000 33,000 27,900

20 ,680,000, ,000,000 50%

21 19

22

23

24 22 94% 100% 1%

25 % 57% 94% 63% % 63%6% 1C100,000

26 24 73%6% 8%

27 25 67% (2) Grand Hotel Excelsior 290,000,000 % % 73%

28 26

29 27 Tanjung Jati B

30 (2) (19) ,750 1,572 1, (50) (55) 1, ,000, ,000,000 1,750,000,000 11% 851,000,000 1,011,000,00019% 169,000,000 80% 306,000,000 25%

31 29 % ,000,000 1,380,000,000 8,087,000, ,233,000,000 7,845,000, ,197,000,000 13,878 13,643 7,845 10,197 22,306 24,289 35% 42% 57% 75% 4,630,000, ,000, ,600, / 8 % 10 1 / 4 %

32

33 ,000,000 96,000, ,000, ,

34 32 45% 27% 48%24% 5% International Finance Corporation (ABAC)

35 33 University of Strathclyde 1997 Chevalier De L Ordre De La Corona 1985 Independent Energy Industry All-Star 1996 George Washington University International CEO of the Year 1996 the Best Entrepreneurs 1994 International Road Federation Man of the Year 1994 Business Man of the Year 1991 Asia Corporate Leader Wharton Graduate Business School 44 Purdue Video Channel Productions Limited 52

36 Morgan Stanley Inc. 58Hopewell Hospitality Company Limited 1, Hopewell (Thailand) Limited 56Hopewell (Thailand) Limited 41

37 35 29 * (a) 9.9% (b) 15(c) 74,443, ,730,592(i) 123,187,019 30,670, ,204,287(iii) 18,656, ,000 1,980,000-20,882,000 2,795, ,795, , ,000 2,645, ,645,650 21,903, ,301,005(ii) 61,157,217 30,670, ,204,287(iii) - 1,308, ,308,981 39, ,776 8, ,537 12,333, ,092-13,143,892

38 36 (i) (ii) (iii) 113,730,592 61,157,217 61,157,217113,730,592 30,670,093 30,670, ,301,005 61,157,217 61,157,217228,301,005 30,670,093 30,670, ,204,287(i) (ii) ( ) ,000(i) (ii) 300,000 (ii) 297, ,000 ( ) - - (iii) (iii) ( ) - - (iv) (iv) (i) (ii) (iii) (iv) (v) 100% () 300,000 () /4% 10,500,000 () 2007 ( 10 1 /4%) 2004 ( 9 7 /8%)8,000,000 7,500,000 () /4% /8%8,000,000 4,850,000 18

39 37 4,380,000 1,009 16(1) 1939

40 38

41 39 20, ,651 22,616* 2,388 1,607# (1,211)^ 1,177 14,853 8,819# 4,555 19,408 2, ,616* 10,503 * ^ # 702,000,0006,293,000, ,000, % LIBOR+1.5%

42 40 OBE, JP, LLD(Hon), Dr Eng(Hon), BSc(Eng) * KCMG, FICE * * * * * * * * (852) (852) (852) (852) th Floor, 111 Wall Street New York, NY United States of America ir@hopewellholdings.com

43

44

45 ,750,103 1,572,321 (813,034) (793,263) 937, , ,940 27,298 (24,960) (28,655) (135,082) (118,008) (47,543) (31,676) 5 786, ,017 (290,000) 496, ,017 6 (767,550) (656,104) 15(b) 381, , ,187 19,426 26, , ,210 7 (26,509) (20,185) 309, ,025 (3,507) (5,735) 8 305, ,290 9 (105,118) (96,358) 200,392 72,

46 ,384,800 6,357, ,118,985 1,154, , , ,568,863 15,680, , , ,159 43, , ,749 87, ,092 23,319,474 24,742, ,317 12,155 3,762 5, , , , , , ,088 1,147, , , ,686 2,066, ,255,780 1,617,959 76,072 80, ,833 91, , ,691 61,319 52, ,825 1,195, ,000 77, , , , ,795 2,293,242 3,562,824 (1,418,556) (1,496,236) 21,900,918 23,246,249

47 ,189,955 2,189, ,687,687 11,452,680 13,877,642 13,642,635 13,028 10, ,631,524 9,112, , , ,665 83,203 8,010,248 9,593,393 21,900,918 23,246,249

48 ,406,024 13,385, ,037 96, ,160 10, ,000 3,000 13,528,221 13,495, ,730 2,288 1,560 1, ,741 4, ,031 23,021 34,052 24,467 24,467 61,319 52, ,000 77, , , ,052 (182,420) (80,021) 13,345,801 13,415, ,189,955 2,189, ,978,651 9,043,868 11,168,606 11,233, , , ,968,875 1,871, ,320 76,577 2,177,195 2,181,504 13,345,801 13,415,327

49 ,815 (864,000) (31) (12,936) (8,843) 1,813 31,941 (875,123) 305, , ,451 (705,833)

50 , ,611 (756,927) (713,647) (96,358) (87,598) 29,240 13,808 (700) (824,745) (787,437) (1,344) (4,791) (9,059) (13,138) 126 (10,277) (17,929) (4,567) (6,560) (7,300) (1,643) (861) (78,542) (196,365) 3,009, ,511 3,134 8,316 (10,293) (66,521) (24,538) (1,758) 315, ,795 2,733 19,454 13,716 9,144 (3,919) 137,034 3,214,032 1,211,449 2,410, ,694

51 ,410, , ,958,791 2,133,129 (4,224,500) (2,069,423) (111,174) (33,446) (78,000) (77,960) (2,454,883) (47,700) (44,641) 708, ,526 (289,152) (10,091) 28, , , , ,540 (380,509) (200,014) 65, , , , , ,526

52 50

53 51

54

55 53

56 54

57 , , , , , ,948 20,242 (14,687) 531, , , , , ,424 9,482 (19,276) 53,552 62,692 53,552 62,692 1,965 5,439 (261,984) 18,014 1,750,103 1,572, , ,574 (50,366) (54,557) 496, , ,000,000 : ,132,465 1,051, , , , , , ,889 (290,000) 4,598 1,419 (13,019) (15,929) 1,750,103 1,572, , ,017 : ,791 15,335 17,442 1,557

58 ,457 4,193 15,908 17,084 36,543 31,676 13,109 15, , , ,006, ,697,000 (245,699) (237,822) , , , , , ,198 30,890 22,363 27,296 34, , ,210 (126,456) (253,643) : (19,613) (106,151) (7,424) (4,806) 726, ,610 17,260 17,148 24,253 10, , ,104

59 : 571 1,004 (1,200) (975) 14, (5,287) (3,002) 8,490 (2,867) 9,457 14, ,685 7,905 8,562 8,827 26,509 20,185 16%16% 39,901, ,043, :5 43,799 43,799 7 ( :6 ) 61,319 52, ,118 96,358 76

60 58 305,510, ,290, ,982,121875,982, ,780 9, ,212 10, ,000, ,000,001 1,500, ,500,001 2,000, ,000,001 2,500, ,500,001 3,000, , ,000 1,457,0001,317,000 1,450,0001,317,000 7,000

61 ,357,500 7,221,500 4,567 (18,082) 40,815 (864,000) 6,384,800 6,357, ,270,000 3,320,000 3,114,800 3,037,500 6,384,800 6,357, ,750,000,0004,466,000, ,911 31,094 2,303, ,409 3,217,821 6,560 6,560 (21,039) (21,039) (48,316) (48,316) 474,872 31,094 2,303, ,653 3,155,026 6,968 1,703, ,259 2,063, ,324 15,908 (43,442) (43,442) 7,552 1,703, ,141 2,036, ,872 23, ,059 20,512 1,118, ,911 24, ,059 34,150 1,154,246

62 60 (a) (b) Tanjung Jati B 146,000,000146,000, , ,712 12,245 12, , ,957 13,231,676 13,252,514 13,406,024 13,385, ,888,359 5,809,542 8,086,666 7,361,363 2,871, , , (1,091,440) (123,612) (87,069) 14,193,936 15,239,604 4,850 4,850 (41,911) (1,937) 489, , (77,176) (39,703) 374, ,806 14,568,863 15,680,410

63 ,037 96,670 50% 48%45% 80% 6,953,000,0006,424,000, ,766,880 1,614, , , , , , ,788

64 ,691,227 11,822,208 (6,757,736) (8,153,245) (744,963) (745,805) (3,959,373) (1,206,093) 552, ,922 (347,385) (2,013,442) 50% 662,000,000 25% 382,000,000 25%

65 63 4,500,000,000 2,000,000, ,000,000 45%37.5% 32.5% % 74% 40% 50% 489,000,000478,000,000

66 , ,657 2, , , ,959 12,957 (2,750) (2,750) 1,951 12,160 10, BERTS 5,313,000 5,313,000 (5,313,000) (5,313,000) 131, ,244 3,000 3,000 (90,951) (90,951) 40,159 43,293 3,000 3,000 40,159 43,293 3,000 3,000 HTL MOTC SRT BERTSMOTC HTL34(b)

67 , , (17,912) (16,387) 338, , ,662 9,958 10,493 10,317 12, ,0001,662,000 75,011,00099,354, , , ,936 7, , ,882 34,023 26, , ,653

68 , ,895 22,172 12, , ,536 (646,333) (607,402) (30,313) (91,866) 4,520 (34,833) (91,866) (30,313) (91,866) 34,000,000 27,000,000 9,000,000 9,000, ,176 39, ,091, ,912 16,387 95,088 1,147,530

69 , , , , , ,484 32,660 23, , ,884 1,255,780 1,617, ,200,000 3,000, ,982 2,189,955

70 68 8,508,890 3,476,053 12,665 16, ,695 12,255,768 (864,000) (864,000) 1,813 1,813 (12,936) (12,936) 46 (943) (897) 169, ,290 (96,358) (96,358) 8,508,890 2,612,053 12,711 4, ,627 11,452,680 40,815 40,815 (8,843) (8,843) (31) (31) 14 2,660 2, , ,510 (105,118) (105,118) 8,508,890 2,652,868 12,725 (1,815) 515,019 11,687,687 8,508,890 9, ,421 9,003, , ,043 (96,358) (96,358) 8,508,890 9, ,106 9,043,868 39,901 39,901 (105,118) (105,118) 8,508,890 9, ,889 8,978,651 1, , ,614 (1,063) 368, ,259 25,273 24,185 53, ,164 25,273 24,216 72, , ,889, ,106,000

71 ,408,847 4,523, ,825 1,195, ,625 2,020,389 1,734,218 2,522, ,600 3,371,268 5,738,179 46,234 46,679 7,826,349 10,308,036 (1,091,440) 194,825) (104,345) 194,825) (1,195,785) 7,631,524 9,112, ,513,200 1,559,200 2,980,341 3,068,506 4,493,541 4,627,706 (84,694) (104,528) 4,408,847 4,523, % % 200,000, ,000, /8% 10 1 /4%

72 % % % 593,600, ,600,000 17,500, a 78,000 77,960 78,000 77,960 78,000 77,960 78,000 77,960 78, ,920 78, , , , , ,840 b 164, , , , , ,840 (78,000) (77,960) (78,000) (77,960) 320, , , ,880 (a) 10% 34(a) (b) 38,065,000

73 , ,210 (224,820) (223,297) (519,616) (444,031) 726, ,610 17,260 17,148 15,908 17,084 (381,832) 290, ,543 31,676 2, (22,791) (15,335) 1,838 7,061 1, ,417 84,910 (323,314) (3,968) (4,520) 1,039 (57,033) 53,812 31, ,611

74 72 551,959 10,482,788 1,900 25,970 (77,960) 30,260 (15,335) 17, ,899 10,540, (4,068) (78,000) (2,376,883) (22,791) 17, ,059 8,154, * 7,826,349 10,308, , ,000 32,795 8,154,349 10,540,831

75 73 (a) 1,190,000,000 4,112,000,000 (b) 7,186,000,000 7,204,000,000 2,934,000,000 2,908,000,000 2,765,000,000 2,614,000,000 (c) 6,905,000,00011,312,000,000 (d) 5% 15(a) 1,680,000,000294,000, ,000, ,000,000 15(c) 2,000,000,000446,000, ,000,000 Tanjung Jati B 13,687,000,000 3,163,000,000 3,163,000,000P.T. PLN (Persero)

76 74 (i) 800,000, ,000, ,000, ,00044,000,000 (ii) ,513 75,660 66,519 37,166 88, ,826 MOTC HTL MOTC HTL HTL86,000,000 MOTC HTLHTL MOTC MOTC 1,000

77 75 Tanjung Jati B 13,900,000 23,000, ,885 28,885 28,885 28,885 3,994,554 3,422,254

78 76 % % Goldhill Investments Limited 60, (ii) 200, HH Finance Limited 100, ,000, (ii) 21 30, (ii) (ii) ,000,

79 77 % % Hopewell 108 Limited 1, Hopewell 109 Limited Hopewell 110 Limited 10, , , , ,000, Parkgate Enterprises 10, Limited 10 1,000, Wetherall Investments Limited 21 Yuba Company Limited 10, Slipform Engineering 500, (Macau) Limited 1 Frederique Securities Limited (i) Goldvista Properties Limited (i)

80 78 % % 20, (i) 1 (ii) Kammer Investment Limited (i) Primax Investment Limited (i) Procelain Properties Ltd. (i) Singway (B.V.I.) Company Limited (i) Tubanan Power Limited (i) (ii) Delta Roads Limited (i) 46, Hopewell (Thailand) Limited 1,500,000, Grand Hotel Excelsior 50,000 LM1 100 Limited Slipform Engineering 10,000 LM1 100 (Malta) Limited P.T. Hi Power Tubanan I 2,200, ,000,000 (i) (ii)

81 79 (i) 46 Manrose Limited 50 (i) (ii) 20 (i) (ii) 43 79

82 80 A. (%) 1 22, ,702* ,207 78,102* ,689* , ,750 71, , V1-V15 7,551* B. (%) Mega Tower Hotel 6,836 # 171, ,146* , , Grand Hotel Excelsior 33,428 55, * # 11,040 6,8364,204

83 HOPEWELL HOLDINGS LIMITED Hopewell Holdings Limited 64th Floor, Hopewell Centre, 183 Queen s Road East, Hong Kong Tel: (852) Fax: (852) Web Page:

OBE, JP, LLD (Hon), Dr Eng(Hon), BSc(Eng) GBS, KCMG, FICE * # ## # ## # ## * # ## (852) (852) ( : 0054) 183 6

OBE, JP, LLD (Hon), Dr Eng(Hon), BSc(Eng) GBS, KCMG, FICE * # ## # ## # ## * # ## (852) (852) ( : 0054) 183 6 HOPEWELL Holdings Limited Annual Report 2004 Guangzhou Dongguan Shunde Zhongshan Zhuhai Macau Shenzhen Hong Kong OBE, JP, LLD (Hon), Dr Eng(Hon), BSc(Eng) GBS, KCMG, FICE * # ## # ## # ## * # ## + + 183

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