371 2015

2 3 4 8 33 43 48 70 72 73 74 76 78 81 211 2015 01

371 www.bewg.com.hk Canon s Court 22 Victoria Street Hamilton HM 12 Bermuda 18 67 6706-07 (852) 2105 0800 (852) 2796 9972 MUFG Fund Services (Bermuda) Limited The Belvedere Building 69 Pitts Bay Road Pembroke HM08 Bermuda 183 22 02 2015

03 2015 BEWG (M) # # Loyal BEWG BEWG (PT) BEWG International 43.84% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 90% 100% 100% 100% 100% 100% 100% 100% 100% 100% 40% 100% 100% 100% 60% 100% 100% 90% 70% 83.8% 100% 100% 100% 80% 60% 35% 100% 100% 100% 100% 33.8% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 62.51% 100% 100% 80% 100% 58.60% 17.49% 16.40% 100% 100% 60% 97% 100% 100% 70% 70% 100% 65% 80% 45% 100% 100% 100% 100% 100% 100% 100% 50% 100% 100% 99.17% 100% # 29.78% 80% #

PPP 13,503,000,000 51%2,455,400,000 37%28.17 5.1 PPP PPP BT 24,623,250 04 2015

1250 + PPP 6+6 13 2015 05

PPP PPP 06 2015

PPP 2015 07

37% 2,455,400,000BOT 51% 13,503,000,000 1. % % % 1. 3,361.6 25% 64% 1,592.3 44% 17.9 1% 1,610.2 45% 153.5 1% 15% 6.1 0% 3,515.1 26% 1,616.3 45% 691.3 5% 57% 298.1 8% 76.3 2% 374.4 10% 189.8 1% 27% 34.9 1% 881.1 6% 409.3 11% 4,396.2 32% 2,025.6 56% 08 2015

1. % % % 2. 10% 1,889.7 14% 24% 291.6 8% 104.6 3% 1,889.7 14% 24% 396.2 11% BOT 5,912.6 44% 24% 879.1 25% 528.7 4% 4%* 15.6 1% 6,441.3 48% 23% 894.7 26% 8,331.0 62% 1,290.9 37% 3. 775.8 6% 59% 264.4 7% 13,503.0 100% 3,580.9 100% 253.7 # (1,379.2) 2,455.4 # 174,400,00010,500,00068,600,000 1,146,700,000 8,300,000 * BOT 2015 09

1. % % % 1. 3,066.2 34% 64% 1,390.1 46% 15.1 1% 1,405.2 47% 183.7 2% 13% 6.7 1% 3,249.9 36% 1,411.9 48% 590.0 7% 59% 246.7 8% 86.7 3% 333.4 11% 222.6 2% 26% 38.4 1% 812.6 9% 371.8 12% 4,062.5 45% 1,783.7 60% 10 2015

1. % % % 2. 10% 10% 2,124.9 24% 16% 424.5 15% 158.0 5% 2,124.9 24% 16% 582.5 20% BOT 2,457.8 28% 24% 485.9 16% 4,582.7 52% 1,068.4 36% 3. 280.7 3% 70% 114.1 4% 8,925.9 100% 2,966.2 100% # (1,171.8) 1,794.4 # 28,100,000115,700,0001,084,200,000 58,100,000 2015 11

1. % % 1. 3,361.6 3,066.2 295.4 10% 1,592.3 1,390.1 202.2 15% 17.9 15.1 2.8 19% 64% 64% 1,610.2 1,405.2 205.0 15% 153.5 183.7 (30.2) (16%) 6.1 6.7 (0.6) (9%) 15% 13% 2% 3,515.1 3,249.9 265.2 8% 1,616.3 1,411.9 204.4 14% 691.3 590.0 101.3 17% 298.1 246.7 51.4 21% 76.3 86.7 (10.4) (12%) 57% 59% (2%) 374.4 333.4 41.0 12% 189.8 222.6 (32.8) (15%) 34.9 38.4 (3.5) (9%) 27% 26% 1% 881.1 812.6 68.5 8% 409.3 371.8 37.5 10% 4,396.2 4,062.5 333.7 8% 2,025.6 1,783.7 241.9 14% 12 2015

1. % % 2. 10% 10% 1,889.7 2,124.9 (235.2) (11%) 291.6 424.5 (132.9) (31%) 104.6 158.0 (53.4) (34%) 1,889.7 2,124.9 (235.2) (11%) 396.2 582.5 (186.3) (32%) 24% 16% 8% BOT 5,912.6 2,457.8 3,454.8 141% 879.1 485.9 393.2 81% 528.7 528.7 15.6 15.6 6,441.3 2,457.8 3,983.5 162% 894.7 485.9 408.8 84% 23% 24% (1%) 8,331.0 4,582.7 3,748.3 82% 1,290.9 1,068.4 222.5 21% 2015 13

1. % % 3. 775.8 280.7 495.1 176% 264.4 114.1 150.3 132% 59% 70% (11%) 13,503.0 8,925.9 4,577.1 51% 3,580.9 2,966.2 614.7 21% 253.7 253.7 (1,379.2) (1,171.8) (207.4) (18%) 2,455.4 1,794.4 661.0 37% 14 2015

2. 1924 2.1 38828594 8 14,734,400 535,900BOT55,000TOT 1,172,000 PPP45,000 2,926,500 * 41261,200 4,473,200 24,623,250 20,150,050 22% * 1,211,000^ ^ 2015 15

2. 2.1 8,467,450 497,200 3,961,000 12,925,650 4,530,400 312,500 6,485,500 50,000 11,378,400 12,997,850 809,700 10,446,500 50,000 24,304,050 55,200 36,000 91,200 228,000 228,000 55,200 228,000 36,000 319,200 13,053,050 1,037,700 10,482,500 50,000 24,623,250 193 5 32 230 68 2 49 1 120 261 7 81 1 350 24 13 37 1 1 24 1 13 38 285 8 94 1 388 16 2015

2. 2.1 * 46 3,077,900 1,012.5 1,019.1 562.7 46 1,565,500 457.2 659.5 337.6 28 1,192,000 322.8 513.0 261.3 48 2,023,250 526.6 680.8 215.1 30 1,106,000 299.8 489.2 233.5 198 8,964,650 2,618.9 3,361.6 1,610.2 24 55,200 21.3 153.5 6.1 222 9,019,850 2,640.2 3,515.1 1,616.3 32 3,961,000 646.4 691.3 374.4 13 36,000 12.6 189.8 34.9 45 3,997,000 659.0 881.1 409.3 267 13,016,850 3,299.2 4,396.2 2,025.6 * 2015 17

2. 2.1 2.1.1 2.1.1a 1935 8,467,450 7,523,950 497,200 418,000 7,284,548 83% 1.031.00 2,618,900,000 2,552,400,000 66,500,000 3,361,600,000 1,610,200,000 1,592,300,000 17,900,000 463,077,90064,200 2% 1,012,500,000 1,019,100,000562,700,000 18 2015

2. 2.1 2.1.1 2.1.1a 461,565,50083,500 6%457,200,000659,500,000 337,600,000 28 1,192,000 165,000 16% 322,800,000513,000,000 261,300,000 48 400,0002,023,250 25%526,600,000680,800,000 215,100,000 30 310,00039% 1,106,000 299,800,000489,200,000233,500,000 2015 19

2. 2.1 2.1.1 2.1.1b 24 55,20021,300,000153,500,000 6,100,000 2.1.2 2.1.2a 32 3,961,0003,420,000 1.781.81646,400,000 351,300,000691,300,000295,100,000 986,000,000 374,400,000298,100,000 76,300,000 2.1.2b 13 36,00012,600,000189,800,000 34,900,000 20 2015

2. 2.2 2.2.1 13 2,124,900,000 1,889,700,000 235,200,000 104,600,000158,000,000 582,500,000186,300,000 396,200,000 2015 21

2. 2.2 2.2.2 BOT BOT 12 BOT 6,441,300,0002,457,800,000894,700,000 485,900,000BOT 2.3 775,800,000280,700,000 6% 264,400,000114,100,000 246,100,000 22 2015

3. 3.1 13,503,000,0008,925,900,000 BOT BOT 3.2 8,536,100,0005,430,000,000 2,771,400,00099,300,000 6,433,300,0001,782,800,000 BOT637,500,000497,700,000 65,200,000 3.3 39%37% 64%64% 15%13% 2015 23

3. 3.3 57%59% 9 51%50%27%26% 16%24% 30% BOT BOT 24% BOT4%BOT 59%70% 3.4 454,600,000608,200,000 51,600,000101,200,000136,300,000 24 2015

3. 3.5 0.07917,721,519,000 14 34.95%8,860,759,500 8,860,759,500 253,700,000 3.6 1,225,700,0001,065,800,000 101,400,000 10.6%8.6% 3.7 10,600,000248,100,000 2015 25

3. 3.8 805,100,000694,800,000 389,900,000410,400,000 6,661,900,000 3.9 337,800,000 19% 25%442,200,000 3.10 136,800,000BOO 3.11 3.12 26 2015

3. 3.13 35,122,600,00027,491,600,000 (i) 11,495.7 1,311.6 12,807.3 6,817.3 40.3 6,857.6 (ii) 16,977.7 1,712.9 18,690.6 15,639.6 1,600.6 17,240.2 (iii) 665.4 2,959.3 3,624.7 798.8 2,595.0 3,393.8 29,138.8 5,983.8 35,122.6 23,255.7 4,235.9 27,491.6 (i) 12,807,300,000BOT 5,949,700,000 4,678,400,0001,271,300,000 (ii) 18,690,600,000 BOT TOT 1,450,400,000 1,338,100,000112,300,000(i) 588,000,000(ii)TOT575,000,000 2015 27

3. 3.13 (iii) 3,624,700,000 230,900,000133,400,000 364,300,000 BOT TOT 29,046.0 21,673.5 5,508.5 5,432.4 568.1 385.7 35,122.6 27,491.6 BOT TOT29,046,000,00021,673,500,000 12 5,508,500,0005,432,400,000 568,100,000385,700,000 3.14 BOT TOT 28 2015

3. 3.15 456,600,000 3.16 900,500,000 3.17 2,478,800,0001,755,200,000 723,600,000 3.18 282,900,0003.20 3.19 1,421,800,00074,800,000 1,347,000,000241,900,000822,000,000 3.20 6,661,900,000 4,591,400,000 2,070,500,000 3.21 700,000,000200,000,000 3.22 2,222,400,000BOT 2015 29

3. 3.23 6,373,800,000 6,090,900,000 29 31,047,600,000 23,490,400,000 23,136,400,000 16,474,500,000 114,900,0003,091,400,000 2,523,600,0004,704,900,000 4,492,300,00080% 33 34 35 23,800,000,0007,700,000,000 1 10 20,290,400,000 19,088,700,000 1.220.91 30 2015

3. 3.24 7,788,500,0004,005,500,000 398,800,000 6,021,300,000 1,368,400,000 7,905 1,247,212,0001,045,944,000 400,000,000 2.244 2,000,000 5.1815,524,000 5,160,000 357,680,000 2,000,000 4.12% 2015 31

(i) (ii) (iii) (iv) (v) 32 2015

2015 33

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 34 2015

3/3 1/1 1/3 0/1 2/3 0/1 3/3 0/1 3/3 0/1 3/3 0/1 3/3 0/1 3/3 0/1 3/3 0/1 3/3 1/1 3/3 0/1 3/3 1/1 3/3 1/1 3/3 0/1 3/3 0/1 3/3 0/1 3/3 0/1 2015 35

36 2015 5 4 3 2 1 0 11 10 9 8 7 6 16 15 14 13 12 45-50 51-60 61-74 0-4 5-9 10-13 0-1 2-4

3.13 2015 37

1. 2. 3. 4. 5. 100% 38 2015

9,800,0002,500,000 2015 39

7071 3.29 45 21 40 2015

(mailbox@bewg.com.hk)18 67 6706-07 1. 2. 1867 6706-07 3. 7 7 4. 10 14 10 5. 2015 41

1. 2. 3. A.1.1 A.1.1 42 2015

54 392 392 57 392 154 EMBA 472 51 392925 384 Tramford International Limited 2015 43

51 2389 1250 EMBA 52EMBA 45 643 993 53 44 2015

48 392 47392 154 MBA 45 392 8247 619 108 50 2015 45

49 8113 0711 51 1140 Vimetco N.V. 48 Paragon Investment Co. Ltd. Arthur Andersen LLC 46 2015

74 55 Wageningen 62 601169 600150600109 000725 000925 1833 2015 47

1 72210 4.4 5.1 183 22 18322 48 2015

47 652 831 6 3342 211212 23% 30% 8%11% 5% 1 19 20 30 2015 49

450,000,00050,000,0005.00% 500,000,000 4.625% 60% 200,000,0005% 2,000,000,000700,000,0006.15% 3.9% 34 35 7,175,455,000 (a) (b) 50 2015

99(B) 3.13 2015 51

(1) (2) (3) 13.51B(1) 13.51B(1) 392 52 2015

13.51B(1) 8113 0711 13.51B(1) 4347 XV 5460 133135 39 2015 53

XV 352XV (i) 3 100,000 310,336,456 310,436,456 3.559% 1 300,000 307,676,110 307,976,110 3.531% 2 (ii) 8 7 595,227,370 1,404,772,630 2,000,000,000 4 11.295% 475,014,040 1,121,061,910 1,596,075,950 9.013% 5 391,976,590 925,088,490 1,317,065,080 7.438% 6 54 2015

1. Starry Chance Investments Limited310,336,456 0.10 2. Tenson Investment Limited307,676,110 3. 8,722,949,196 4. Zhihua Investments Limited0.001 5. Tenson Investment Limited 6. Maolin Investments Limited 7. 17,707,711,170 8. (iii) XV 352 2015 55

685,013,469 10%7.87% 1% 0.1%5,000,000 (i)(ii) (iii) 281 56 2015

12,800,000 12,800,000 12,800,000 12,800,000 12,800,000 12,800,000 12,800,000 12,800,000 12,800,000 12,800,000 64,000,000 64,000,000 11,200,000 11,200,000 11,200,000 11,200,000 11,200,000 11,200,000 11,200,000 11,200,000 11,200,000 11,200,000 56,000,000 56,000,000 4,000,000 (2,200,000) 1,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 5,800,000 27,200,000 (2,200,000) 25,000,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 1,800,000 9,000,000 9,000,000 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 5.466 1 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2015 57

3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 3,840,000 19,200,000 19,200,000 400,000 (400,000) 400,000 400,000 400,000 400,000 400,000 400,000 1,600,000 (400,000) 1,200,000 400,000 (400,000) 400,000 400,000 400,000 400,000 400,000 400,000 1,600,000 (400,000) 1,200,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 1,600,000 1,600,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 2,000,000 2,000,000 2.244 2.244 2.244 2.244 2.244 2.244 6.540 1 2.244 2.244 2.244 2.244 5.930 1 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 2.244 58 2015

400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 2,000,000 2,000,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 2,000,000 2,000,000 2.244 2.244 2.244 2.244 2.244 5.180 5.180 5.180 5.180 5.180 186,200,000 (3,000,000) 183,200,000 26,764,000 (9,614,000) (600,000) 16,550,000 41,850,000 (2,910,000) (1,140,000) 37,800,000 41,850,000 (1,140,000) 40,710,000 41,850,000 (1,140,000) 40,710,000 41,850,000 (1,140,000) 40,710,000 194,164,000 (12,524,000) (5,160,000) 176,480,000 2.244 6.181 2 2.244 6.336 2 2.244 2.244 2.244 380,364,000 (15,524,000) (5,160,000) 359,680,000 1. 2. 3. 20% 2015 59

3.4 31 359,680,000 812,994,0003.4 324,559,000 18 60 2015

336 5 1 2 3 3,824,877,831 43.85% 300,001,592 3.44% 1 2 4 3,824,367,831 43.84% 300,001,592 3.44% 2015 61

1. 3,824,877,831 3,824,367,831 3,824,367,831 (BVI)(BVI) 3,824,877,831 3,824,877,831 3,824,367,831 43.84%(BVI) 40.24%(BVI)510,000100% 2. 300,001,592 3. (i)13,824,877,831(ii)2300,001,592 1 300,001,592 4. (i)13,824,367,831(ii)2300,001,592 5. 8,722,949,196 336 62 2015

25% 51 A14A.71 2015 63

(A) GSEI 1,508,000,000 1,824,009,676 1,711,000 1,154,000500,00057,000 300,001,592 6.08 A A A 64 2015

(B) (a) 900,000,000 2,350,000,000 i. ii. iii. 30% A 51 2015 65

(B) (b) 14A.55 (a) (b) (c) 3000 740 14A.56 256,000 66 2015

13.18 13.21 450 2 50 2 100 1 500 2 2,000 2 1,500 2 55 2 40 2 120 1 288 1 2015 67

150 2 700 2 1,550 1 3,000 3 253.5 1 46.5 1 1,760 3 1 35% 35% 2 (i)35% (ii) (iii)(iv) 3. 35% (ii) (iii)(iv)40%40% (v) (vi) (a) (b)101% 68 2015

A.1.1A.1.1 3342 2015 69

Ernst & Young 22/F, CITIC Tower 1 Tim Mei Avenue Central, Hong Kong 1 22 Tel : +852 2846 9888 Fax : +852 2868 4432 ey.com 72210 90 70 2015

2015 71

6 13,502,957 8,925,942 (8,536,057) (5,430,014) 4,966,900 3,495,928 6 315,781 445,516 6 454,638 608,156 (1,225,728) (1,065,812) (248,054) (10,648) 7 4,263,537 3,473,140 7 253,714 8 (1,146,708) (1,084,225) 19(e) 162,795 256,230 20(c) 12,221 22,032 3,545,559 2,667,177 11 (777,766) (593,855) 2,767,793 2,073,322 2,455,370 1,794,413 312,423 278,909 2,767,793 2,073,322 13 28.17 20.76 27.50 20.30 72 2015

2,767,793 2,073,322 (1,622,744) (180,298) (35,107) (25,668) (1,657,851) (205,966) 1,109,942 1,867,356 1,050,776 1,588,495 59,166 278,861 1,109,942 1,867,356 2015 73

14 1,379,801 1,242,995 15 55,821 16 2,967,365 2,524,701 17 2,421,012 2,285,523 18 37,290 28,432 19 3,563,399 3,106,768 20 902,774 2,292 21 42,404 22 153,664 126,363 25 11,495,709 6,817,293 17 16,977,664 15,639,617 26 665,352 798,829 27 5,609,924 3,854,676 39 122,388 79,469 46,338,746 36,562,779 23 226,647 79,747 24 99,083 57,775 25 1,311,629 40,317 17 1,712,947 1,600,565 26 2,959,325 2,595,017 27 5,033,177 4,309,629 21 167,174 29 269,189 304,126 29 6,373,831 6,090,883 18,153,002 15,078,059 64,491,748 51,640,838 74 2015

30 872,295 870,743 32(a) 15,311,538 14,913,705 16,183,833 15,784,448 4,106,582 3,304,290 20,290,415 19,088,738 41 415,215 340,404 33 17,121,178 12,529,842 34 4,105,212 4,492,307 35 3,091,413 2,523,639 36 51,814 37 205,489 247,018 38 117,564 70,486 39 1,320,597 929,578 26,428,482 21,133,274 40 5,786,331 3,563,928 41 4,817,755 3,470,715 490,816 439,527 33 6,015,190 3,944,656 34 599,674 36 63,085 17,772,851 11,418,826 44,201,333 32,552,100 64,491,748 51,640,838 2015 75

32(b) 32(c) 843,598 3,574,792 4,878,475 105,764 (285,502) 14,989 11,239 722,002 376,311 3,055,963 13,297,631 2,626,811 15,924,442 1,794,413 1,794,413 278,909 2,073,322 (180,250) (180,250) (48) (180,298) (25,668) (25,668) (25,668) (25,668) (180,250) 1,794,413 1,588,495 278,861 1,867,356 31(a) 115,706 115,706 115,706 30(b) 1,859 54,162 (14,448) 41,573 41,573 (1,494) 1,494 30(a) 44 25,286 1,203,603 1,228,889 92,906 1,321,795 7,004 7,004 (15,283) (8,279) 45 (2,553) (2,553) (9,650) (9,650) 333,198 333,198 (233,702) (233,702) (233,702) 12 (261,148) (261,148) (261,148) 114,381 (114,381) 870,743 4,832,557 * 4,383,625 * 205,528 * (278,498) * 14,989 * (14,429) * 541,752 * 490,692 * 4,737,489 * 15,784,448 3,304,290 19,088,738 76 2015

32(b) 32(c) 870,743 4,832,557 4,383,625 205,528 (278,498) 14,989 (14,429) 541,752 490,692 4,737,489 15,784,448 3,304,290 19,088,738 2,455,370 2,455,370 312,423 2,767,793 (1,369,487) (1,369,487) (253,257) (1,622,744) (35,107) (35,107) (35,107) (35,107) (1,369,487) 2,455,370 1,050,776 59,166 1,109,942 31(a) 68,637 68,637 68,637 30(c) 1,552 45,613 (12,338) 34,827 34,827 (3,036) 3,036 44 164,424 164,424 17,661 17,661 (25,977) (8,316) 29,350 29,350 29,350 45 (17,606) (17,606) (17,572) (17,572) 639,857 639,857 (418,247) (418,247) (418,247) 12 (383,619) (383,619) (383,619) 229,026 (229,026) 872,295 4,878,170 * 3,581,759 * 258,791 * (231,487) * 14,989 * (49,536) * (827,735) * 719,718 * 6,966,869 * 16,183,833 4,106,582 20,290,415 * 15,311,538,00014,913,705,000 2015 77

3,545,559 2,667,177 6 (64,227) (82,588) 6 (118,667) (173,674) 6 (63,433) (122,338) 6 (67,027) (63,990) 6 (2,427) (2,926) 6 (548) (3,669) 7 (253,714) 6 (21,827) (75,729) 6 7 2,327 (100,944) 6 7 115 (414) 7 76,840 68,297 7 125,493 137,538 7 4,308 3,124 7 16,088 30,218 7 (10,540) (13,775) 7 96,812 (30,925) 7 52,938 26,135 7 65,201 60,548 7 68,637 115,706 8 1,208,353 1,113,370 (162,795) (256,230) (12,221) (22,032) 4,485,245 3,272,879 660,228 (12,279) (3,521) (6,822,007) (1,085,567) (2,378,115) (959,567) (296,524) (1,100,728) (1,107,294) (375,842) 2,417,959 368,916 1,444,778 (193,342) 37 (105,758) (42,223) 78 2015

(2,373,995) 541,233 (241,593) (245,743) (11,517) (25,275) (6,250) (2,627,105) 263,965 14 (383,947) (634,312) 17 (194,857) (50,815) 18 (14,800) (5,646) 44 (678,149) (906,692) 45 40,293 238,651 376,909 (374,585) (260,511) 2,742 2,052 (1,709,564) 6 53 117,157 229,696 (381,613) (48,950) (800,000) (3,742) (8,316) (8,279) (30,492) (63,033) (2,942) 92,825 (55,129) 34,937 (247,079) 92,586 64,227 82,588 (3,754,641) (1,734,090) 2015 79

639,857 333,198 697,550 250,000 (1,835,443) 14,990,534 7,548,170 (7,647,018) (2,369,317) 34,827 41,573 131,250 (11,610) (13,255) (1,188,550) (1,105,247) (4,214) (743) (801,866) (494,850) (17,572) (9,650) 101,283 7,073,188 2,195,719 691,442 725,594 5,989,925 5,365,923 (315,669) (101,592) 6,365,698 5,989,925 29 6,373,831 6,090,883 (8,133) (100,958) 6,365,698 5,989,925 80 2015

1. 300,000,000 100 70,000,000 100 40,000,000 100 50,000,000 100 85,000,000 100 8,000,000 100 2015 81

1. 30,000,000 100 30,000,000 100 20,000,000 100 40,000,000 100 55,500,000 100 27,600,000 100 30,000,000 100 20,000,000 100 28,000,000 100 76,000,000 100 85,630,000 100 20,000,000 60 5,000,000 100 53,090,000 100 91,380,000 100 100,000,000 90 83,350,000 100 20,000,000 80 56,000,000 100 82 2015

1. 127,178,541 80 55,302,635 80 Be Water S.A. 11,987,000 100 26,360,000 100 852,750,000 68.5 300,000,000 60 BEWG (M) Sdn Bhd 50,000,000 100 680,000,000 70 1,200,000,000 70 200,000,000 100 150,000,000 100 100,000,000 70 10,000,000 60 50,000,000 83.8 50,236,000 80 2015 83

1. 11,960,000 100 BEWGI-UE NEWater (S) Pte Ltd 10 80 6,600,000 100 50,000,000 100 417,969,071 100 7,958,880 99.172 353,630,000 60 100,000,000 100 400,000,000 100 100,000,000 100 65,000,000 70 40,000,000 100 771,363,446 70 84 2015

1. 800,000 70 24,360,000 83 98,000,000 100 40,000,000 100 33,250,000 100 37,000,000 100 70,000,000 100 20,000,000 100 30,000,000 100 2015 85

2. 5082 (a) (b) 40% (c) (d) 3.1 86 2015

3.1 (a) (b) (c) (i)(ii) (iii)(i)(ii)(iii) 2015 87

3.2 19 (a) 19 (b) 88 1638 24 88 2015

3.2 (c) 33 1313 939 13 13 403 40 622 2015 89

3.3 9 2 1028 4 10 12 1 28 11 1 14 3 15 2 1 1 1638 1 1641 1 27 1 1 1 2 3 4 9 39 9 9 9 9 90 2015

3.3 (a) 9 (b) 9 9 9 102810 28 11 3 11 2015 91

3.3 1515 15 15 15 1515 1 (i) 1 (ii) (iii) (iv) 16381638 92 2015

3.4 20% 2015 93

3.4 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 94 2015

3.4 2015 95

3.4 96 2015

3.4 2015 97

3.4 2030 5 510 1020 510 310 98 2015

3.4 (a) (b) 2015 99

3.4 (a) (b) (a)(b) 100 2015

3.4 (a) (b) 2015 101

3.4 102 2015

3.4 2015 103

3.4 (a) 39 39 (b) 104 2015

3.4 (c) (a) (b) 2015 105

3.4 (a) 106 2015

3.4 (b) (a)(b) 2015 107

3.4 108 2015

3.4 (i)(ii) (i) (ii)bot BOT 2015 109

3.4 110 2015

3.4 (i) (ii) 2015 111

3.4 112 2015

3.4 2015 113

3.4 (a) (b) (c) (d) (e) (f) 31 114 2015

3.4 2015 115

3.4 116 2015

3.4 2015 117

3.4 118 2015

4. 3.4 2,421,012,000 2,285,523,00018,690,611,00017,240,182,000 17 2015 119

4. BOT (i) (ii) (a) (b) 37 120 2015

4. 205,489,000 247,018,00037 1,379,801,0001,242,995,0002,458,302,000 2,313,955,00014 17 18 3,267,860,0002,725,472,000 16 19 20 3.4 2015 121

4. 18,690,611,000 17,420,182,00012,807,338,0006,857,610,0003,624,677,000 3,393,846,00010,591,059,0008,112,863,000 17 25 26 27 446,110,000355,337,000 200,750,000159,902,000 490,816,000439,527,000 122 2015

4. 122,388,00079,469,0001,320,597,000 929,578,00039 5. (a) (b) (c) 2015 123

5. 11,846,112 881,024 775,821 13,502,957 (7,782,734) (433,357) (319,966) (8,536,057) 4,063,378 447,667 455,855 4,966,900 3,822,820 398,634 349,307 4,570,761 86,508 76,287 162,795 1,761 1,761 3,911,089 474,921 349,307 4,735,317 253,714 (307,224) 10,460 (1,146,708) 3,545,559 (777,766) 2,767,793 2,907,256 409,303 264,368 3,580,927 253,714 (1,379,271) 2,455,370 124 2015

5. 47,973,512 7,267,167 2,228,201 57,468,880 7,022,868 64,491,748 * 238,624 289,548 47,797 575,969 17,635 593,604 40,701 16,961 5,686 63,348 13,492 76,840 68,551 56,942 125,493 752 461 934 2,147 2,161 4,308 ** 145,469 9,429 400 155,298 60,329 4,872 65,201 2015 125

5. 7,832,555 812,641 280,746 8,925,942 (4,938,051) (407,304) (84,659) (5,430,014) 2,894,504 405,337 196,087 3,495,928 3,033,483 322,118 156,897 3,512,498 169,561 86,669 256,230 22,032 22,032 3,225,076 408,787 156,897 3,790,760 (39,358) (1,084,225) 2,667,177 (593,855) 2,073,322 2,480,334 371,796 114,112 2,966,242 (1,171,829) 1,794,413 126 2015

5. 39,398,162 5,988,679 1,165,848 46,552,689 5,088,149 51,640,838 * 496,661 177,226 633 674,520 16,253 690,773 21,030 13,676 8,451 43,157 25,140 68,297 76,253 61,285 137,538 520 897 1,417 1,707 3,124 ** 33,766 (3,715) (18,398) 11,653 55,635 4,913 60,548 2015 127

5. * ** 12,110,629 7,676,405 412,853 709,815 979,475 539,722 13,502,957 8,925,942 10,437,335 8,294,736 754,438 874,539 79,868 77,257 11,271,641 9,246,532 10% 128 2015

6. (1)(2) (3) (4) (5) 3,515,103 3,249,895 8,331,009 4,582,660 881,024 812,641 775,821 280,746 13,502,957 8,925,942 1,354,905,0001,185,868,000 64,227 82,588 118,667 173,674 63,433 122,338 @ 67,027 63,990 2,427 2,926 315,781 445,516 2015 129

6. # 9,072 3,938 101,241 56,539 51,630 63,714 39,920 17,532 5,307 3,366 136,338 41,171 22,819 384,679 167,908 15 548 3,669 44 21,827 75,729 45 100,944 47,584 95,239 164,253 414 69,959 440,248 454,638 608,156 130 2015

6. 27(a)(ii) @ 28(i) (ii) 51% 19(c) # 49(a) [2015] 78 50% 70% 2015 131

7. 1,240,158 1,199,906 6,433,300 3,661,892 417,140 346,019 319,966 84,659 14 76,840 68,297 * 17 125,493 137,538 * 18 4,308 3,124 15,905 19,397 9,800 9,800 9 846,369 688,650 31(a) 68,637 115,706 73,283 58,125 258,923 183,463 1,247,212 1,045,944 17(b) 16,088 30,218 25 52,938 26,135 26(c) (10,540) (13,775) 27(c) 96,812 (30,925) 37 65,201 60,548 384 395 115 (414) 45 2,327 (100,944) (253,714) * 132 2015

8. 805,077 694,843 217,334 253,596 172,562 156,808 4,214 743 1,199,187 1,105,990 37 9,166 7,380 1,208,353 1,113,370 (61,645) (29,145) 1,146,708 1,084,225 9. 383(1)(a) (b) (c) (f)2 2,080 1,930 16,645 15,897 33,668 56,386 54 51 50,367 72,334 52,447 74,264 2015 133

9. 130 130 120 120 120 120 * 120 5,922 11,548 18 17,608 # 120 4,085 10,104 18 14,327 120 2,599 4,511 18 7,248 120 1,893 2,013 120 120 120 120 120 1,624 1,744 120 2,146 3,058 5,324 1,330 16,645 30,845 54 48,874 120 217 337 150 217 367 120 289 409 120 361 481 120 361 481 120 1,378 1,498 750 2,823 3,573 2,080 16,645 33,668 54 52,447 * # 134 2015

9. 120 120 120 120 120 6,056 19,351 17 25,544 120 3,374 16,933 17 20,444 120 2,733 8,224 17 11,094 120 1,773 1,893 120 120 120 120 120 2,721 2,841 100 1,961 5,211 7,272 1,180 15,897 52,440 51 69,568 120 484 604 150 484 634 120 484 604 120 605 725 120 605 725 120 1,284 1,404 750 3,946 4,696 1,930 15,897 56,386 51 74,264 (a) 31 (b) 119,00011,000 2015 135

10. 9 11. (1) (2)[2000] 33 15% 337,812 338,147 21,077 19,870 (23,330) 22,634 39 442,207 213,204 777,766 593,855 136 2015

11. % % % (387,036) 3,932,595 3,545,559 (57,397) 14.8 982,156 25.0 924,759 26.1 (54,077) (1.4) (54,077) (1.5) (136,785) (3.5) (136,785) (3.9) (2,800) 0.7 (20,530) (0.5) (23,330) (0.7) (2,621) 0.7 (41,050) (1.0) (43,671) (1.2) (77,214) 20.0 (70,576) (1.8) (147,790) (4.2) 152,164 (39.3) 39,956 1.0 192,120 5.4 5% 3,794 0.1 3,794 0.1 (2,836) (0.1) (2,836) (0.1) 4,999 (1.3) 60,583 1.5 65,582 1.9 17,131 (4.4) 760,635 19.3 777,766 21.9 2015 137

11. % % % (427,817) 3,094,994 2,667,177 (59,657) 13.9 773,749 25.0 714,092 26.8 (49,006) (1.6) (49,006) (1.8) (102,318) (3.4) (102,318) (3.8) 22,634 0.7 22,634 0.8 (9,820) 2.3 (59,306) (1.9) (69,126) (2.6) (30,040) 7.0 (21,336) (0.7) (51,376) (1.9) 112,558 (26.2) 1,898 0.1 114,456 4.3 5% 1,513 0.1 1,513 0.1 (4,532) (0.1) (4,532) (0.2) 6,829 (1.6) 10,689 0.3 17,518 0.6 19,870 (4.6) 573,985 18.5 593,855 22.3 6,777,0002,942,00032,935,000 111,962,000 12. 4.43.0 383,619 261,148 5.14.8 443,886 417,989 827,505 679,137 138 2015

13. 8,714,976,5828,642,996,316 2,455,370 1,794,413 8,714,976,582 8,642,996,316 213,110,567 194,529,832 8,928,087,149 8,837,526,148 2015 139

14. 546,077 54,011 151,680 119,369 123,172 551,129 1,545,438 (102,047) (10,683) (45,880) (79,231) (64,602) (302,443) 444,030 43,328 105,800 40,138 58,570 551,129 1,242,995 444,030 43,328 105,800 40,138 58,570 551,129 1,242,995 44 481 1,368 1,717 3,566 70,269 3,072 83,814 18,434 23,153 185,205 383,947 (28,870) (1,415) (17,443) (13,177) (15,935) (76,840) 45 (54) (231) (285) (843) (4) (1,302) (708) (2,857) 335,485 165,154 3,043 1,147 (504,829) (97,551) (97,551) (37,045) (2,180) (14,647) (2,559) (3,857) (12,886) (73,174) 686,318 41,962 323,155 45,891 63,856 218,619 1,379,801 786,248 53,318 381,248 130,825 136,447 218,619 1,706,705 (99,930) (11,356) (58,093) (84,934) (72,591) (326,904) 686,318 41,962 323,155 45,891 63,856 218,619 1,379,801 140 2015

14. 214,991 41,915 116,764 107,430 94,867 1,612 577,579 (47,096) (4,538) (34,759) (66,117) (46,428) (198,938) 167,895 37,377 82,005 41,313 48,439 1,612 378,641 167,895 37,377 82,005 41,313 48,439 1,612 378,641 44 262,486 10,132 13,438 4,001 4,774 7,679 302,510 30,773 4,326 17,788 13,862 17,595 549,968 634,312 (25,430) (4,480) (11,648) (12,703) (14,036) (68,297) 45 (632) (68) (700) (27) (981) (630) (1,638) 8,392 (3,998) 4,470 (3,732) 2,976 (8,108) (86) (29) (226) (990) (480) (22) (1,833) 444,030 43,328 105,800 40,138 58,570 551,129 1,242,995 546,077 54,011 151,680 119,369 123,172 551,129 1,545,438 (102,047) (10,683) (45,880) (79,231) (64,602) (302,443) 444,030 43,328 105,800 40,138 58,570 551,129 1,242,995 200,462,000 33(c)(v) 2015 141

15. 55,821 52,152 6 548 3,669 (2,903) (53,466) 55,821 (a) (b) 49(a) (c) 53,466,000 312 33 3 52,152 3,669 55,821 548 (53,466) (2,903) 142 2015

15. (c) 8.39 8.71 7.95 8.48 3% 3% 6% 7% 16. 2,524,701 2,512,862 44 462,602 182,104 45 (170,247) (19,938) (18) 2,967,365 2,524,701 2015 143

16. 2,022,761 1,924,659 486,513 136,570 458,091 463,472 2,967,365 2,524,701 10 12.12% 13.24%10.99% 3% 3% 144 2015

16. 14.67% 15.56% 2015 145

17. BOT TOT (i) BOT(ii) TOT (iii) 20 40 256 8511 1. TOT 100,000 30 2. TOT 180,000 20 3. BOT 100,000 25 146 2015

17. 4. TOT 400,000 20 5. BOT 200,000 25 6. TOT 100,000 25 7. BOT 100,000 28 8. TOT 100,000 30 9. BOT 100,000 30 10. TOT 100,000 30 11. 12. BOT 180,000 30 TOT 100,000 30 13. BOT 100,000 30 14. BOT 100,000 30 15. BOT 100,000 25 2015 147

17. 16. 17. 18. 19. 20. BOT 200,000 30 BOT 100,000 30 BOT 100,000 30 BOT 130,000 20 TOT 100,000 25 21. BOT 160,000 30 22. BOT 200,000 25 23. BOT 120,000 25 24. BOT 200,000 25 25. 26. BOT 100,000 25 BOT 100,000 30 148 2015

17. 27. 28. 29. 30. 31. TOT 100,000 30 TOT 200,000 30 TOT 200,000 30 TOT 100,000 30 BOT 195,000 30 32. BOT 50,000 30 33. BOT 1,000,000 30 2015 149

17. 9,303,850,0009,388,473,000 33(c)(i) 150 2015

17. 3.4 2,730,011 2,853,747 (444,488) (330,762) 2,285,523 2,522,985 2,285,523 2,522,985 44 228,009 356,080 194,857 50,815 (125,493) (137,538) 45 (387,295) (161,884) (119,524) 2,421,012 2,285,523 2,958,933 2,730,011 (537,921) (444,488) 2,421,012 2,285,523 2015 151

17. 18,738,392 17,274,280 (b) (47,781) (34,098) 18,690,611 17,240,182 (1,712,947) (1,600,565) 16,977,664 15,639,617 (a) 662,753 615,957 211,827 211,904 221,404 169,100 160,781 122,591 1,256,765 1,119,552 456,182 481,013 16,977,664 15,639,617 17,433,846 16,120,630 18,690,611 17,240,182 152 2015

17. (b) 34,098 25,342 20,036 7 16,088 30,218 (6) (41,498) (2,399) 47,781 34,098 13,248,00010,521,000 86,409,00092,407,000 317,919 263,403 189,617 243,441 328,567 275,839 143,034 115,843 141,715 128,952 135,913 92,074 1,256,765 1,119,552 2015 153

17. (b) (c) 999,915,000 1,207,778,000 85,981,000103,050,000 154 2015

18. 788 36,041 36,829 (680) (7,717) (8,397) 108 28,324 28,432 108 28,324 28,432 44 266 266 14,800 14,800 (56) (4,252) (4,308) (6) (6) (4) (1,890) (1,894) 48 37,242 37,290 747 48,644 49,391 (699) (11,402) (12,101) 48 37,242 37,290 2015 155

18. 788 30,372 31,160 (623) (4,750) (5,373) 165 25,622 25,787 165 25,622 25,787 44 176 176 5,646 5,646 (57) (3,067) (3,124) (53) (53) 108 28,324 28,432 788 36,041 36,829 (680) (7,717) (8,397) 108 28,324 28,432 156 2015

19. 3,305,306 2,846,412 (b) 199,211 200,771 3,504,517 3,047,183 (c) 58,882 59,585 3,563,399 3,106,768 (d) 27 236,136 654,334 (d) 41 (560,388) (125,485) 3,239,147 3,635,617 (a) # 1,456,162,145 45 45 45 * 200,000,000 40 40 40 79,500,000 33.8 33.8 33.8 # * 2015 157

19. (b) 200,771 210,476 (9,705) (1,560) 199,211 200,771 50% 25.5%117,597,000 25.5%9,705,00031,858,000 51%16,248,000 (c) 34,780,00042,938,000 100,000 776,000 50%5 2,427,000 2,926,000 (d) 40 158 2015

19. (e) * 278,054 170,846 1,099,263 880,653 48,177 301,896 515,026 623,297 710,446 151,651 579,950 685,872 1,722,560 1,591,099 199,828 1,767,928 1,938,641 929,358 874,513 1,465,453 1,193,669 102,315 104,102 1,249,190 3,233,381 3,132,310 1,031,673 978,615 1,249,190 (504,269) (707,121) (1,326,267) (1,085,550) (541,047) (470,736) (79,436) (1,830,536) (1,792,671) (541,047) (470,736) (79,436) (92,664) (13,438) (516,151) (503,702) (409,896) (572,244) (441,459) (83,687) (503,702) (409,896) (664,908) (454,897) (599,838) 1,479,093 1,615,615 1,548,278 1,644,081 769,744 45% 45% 40% 40% 67% # 665,591 727,026 619,311 657,633 515,729 150,586 150,586 27,623 29,126 816,177 877,612 646,934 686,759 515,729 2015 159

19. (e) * 812,367 744,601 827,069 1,007,364 914,142 33,300 (158,835) (157,265) (44,311) (33,201) (539) (31,073) (36,191) (18,978) (24,837) (32,733) (41,238) (42,182) (83,688) 66,519 59,067 93,113 127,001 146,999 (78,016) (57,040) (11,497) 2,027 93,113 127,001 146,999 @ 29,934 26,580 37,245 50,801 98,490 (35,107) (25,668) 19,370 41,808 * # 50.5%67% 33.8% @ 95,616 80,359 2,100,288 1,026,668 @ 162,795,000256,230,000 160 2015

20. 474,013 2,292 (d) 327,477 (e) 101,284 (c) 902,774 2,292 (b) 27 116 78 (b) 41 (171) 902,719 2,370 (a) * 26,949,669 29.78 32.88 29.78 * (b) 40 2015 161

20. (c) 12,221 22,032 12,221 22,032 902,774 2,292 (d) 5,274,166,55012,447,352,450 1,400,000,000 5,274,166,5503,586,592,950700,000,000 (e) 105,131 (3,847) 101,284 162 2015

21. 209,578 (167,174) 42,404 700,000,000 8,860,759,500 312 33 4,900,000,000 5,900,000,000 50.05% 53.19% 2015 163

21. 100 10,295 (100) (10,295) 100 (130) (100) 130 22. 153,664 126,363 164 2015

23. (a) 75,630 79,747 (b) 97,551 (b) 53,466 226,647 79,747 (a) 11,40911,409 (b) 24. 93,528 51,207 5,555 6,568 99,083 57,775 2015 165

25. 12,907,054 6,909,146 (99,716) (51,536) 12,807,338 6,857,610 (1,311,629) (40,317) 11,495,709 6,817,293 51,536 25,401 7 52,938 26,135 (4,758) 99,716 51,536 245,711,000479,516,000 166 2015

26. 3,631,921 3,412,101 (c) (7,244) (18,255) 3,624,677 3,393,846 (2,959,325) (2,595,017) 665,352 798,829 (a) 6.85% 12.98%8.10% 12.98% 674,939 177,068 61,879 17,199 52,169 76,068 2,017,310 1,780,032 49,005 51,673 2,855,302 2,102,040 * 769,375 1,291,806 3,624,677 3,393,846 * 2015 167

26. (b) (i) 5,780,0006,095,000 (ii) 2,240,0002,362,000 (c) 18,255 32,198 (168) 7 (10,540) (13,775) (471) 7,244 18,255 397,843 146,081 186,830 8,444 185,678 89,406 39,491 70,051 35,493 19,021 2,009,967 1,769,037 2,855,302 2,102,040 168 2015

26. (c) (i) 2,984,393,000 796,480,000 767,029,000 (ii) 916,539,000 1,363,246,000 27. 52,042 51,442 (a) 7,101,476 4,217,363 (b) 1,946,270 1,928,508 19(d) 236,136 654,334 20(b) 116 78 28 1,451,490 1,366,385 10,787,530 8,218,110 (c) (144,429) (53,805) 10,643,101 8,164,305 (5,033,177) (4,309,629) 5,609,924 3,854,676 2015 169

27. (a) (i) 506,640,000534,216,000 (ii) 1,230,279,000940,529,000 6.55% 16% 513,530,00088,629,000 716,749,000851,900,000 716,479,000755,762,000(1) (2)31.5% (1) (2) 31.5% 63,433,000122,338,000 (iii) 480,192,00012% (iv) 450,658,000292,149,000 (v) 800,749,000565,481,000 410,318,000390,431,000 (vi) 728,454,000432,570,000355,176,000 170 2015

27. (a) (vii) 1,641,838,000 (b) 962,410,0001,259,078,000 949,221,000 1,102,866,000 41(b)(i) (c) 53,805 82,906 442 2,077 7 96,812 (30,925) (253) (6,630) 144,429 53,805 48,019,000 50,633,000 2015 171

28. (i) 60%1,274,467,000 1,208,135,000 40% 56,666,00058,024,000 (ii) 70% 10,361,000 5,966,000 17(c) 26(b) 27(a)(iii) 40 41 172 2015

29. 5,818,450 3,880,473 824,570 2,514,536 6,643,020 6,395,009 (a) (269,189) (304,126) 6,373,831 6,090,883 (a) (i) 22,753,000 41,149,000166,675,000200,090,00091,073,000 201,873,00066,954,00084,752,000 (ii) 165,000 298,00013,034,00015,647,00013,826,000 17,501,000 33(c)(iv) 10,000,00012,005,000 2015 173

29. (b) 303,522 132,332 5,860,533 5,073,662 43,690 640,499 256,015 515,454 164,379 26,612 14,654 6,215 227 235 6,643,020 6,395,009 (c) 30. 8,722,949,1968,707,425,196 0.10 872,295 870,743 174 2015

30. 8,435,981,324 843,598 3,574,792 4,418,390 (a) 252,857,872 25,286 1,203,603 1,228,889 (b) 18,586,000 1,859 54,162 56,021 8,707,425,196 870,743 4,832,557 5,703,300 (c) 15,524,000 1,552 45,613 47,165 8,722,949,196 872,295 4,878,170 5,750,465 (a) Standard Water Ltd.^SWL SWL 36SWL100%648,672,000821,104,000 (1) 85,356,000108,045,000(2)2.82SWL252,857,872 1,228,889,000 ^ 2015 175

30. (b) 18,586,0002.24418,586,000 41,573,00014,448,000 31 (c) 15,524,0002.24415,524,000 34,836,00012,338,000 31 31 31. 10%12 1% 12 0.1%5,000,000 176 2015

31. 28 1 10 (i) (ii)(iii)0.10 2.259 380,364 2.350 400,000 5.180 2,000 2.244 (5,160) 2.244 (3,050) 2.244 (15,524) 2.244 (18,586) 2.261 359,680 2.259 380,364 2015 177

31. * 48,310 2.244 74,620 2.244 78,250 2.244 78,250 2.244 78,250 2.244 400 5.180 400 5.180 400 5.180 400 5.180 400 5.180 359,680 * 60,804 2.244 79,390 2.244 79,390 2.244 79,390 2.244 79,390 2.244 400 5.180 400 5.180 400 5.180 400 5.180 400 5.180 380,364 * 178 2015

31. (a) 4,287,0002.14 68,637,000115,706,000 (%) 1.32 (%) 41.33 (%) 41.33 (%) 2.25 10.00 5.03 3.70% (b) (c) 15,524,00015,524,0001,552,000 30 359,680,0004.12% 359,680,00035,968,000 1,101,585,000 1,200,0001,200,000 120,0002,572,800 32. 358,480,0004.12% (a) (b) (c) 3.4 2015 179

33. 7,459,531 7,787,177 14,508,805 8,182,138 21,968,336 15,969,315 119,448 1,048,584 505,183 1,168,032 505,183 23,136,368 16,474,498 4,984,976 3,503,741 3,351,202 3,516,405 10,784,553 6,329,481 2,847,605 2,619,688 21,968,336 15,969,315 1,030,214 440,915 9,576 39,088 39,166 24,029 89,076 1,151 1,168,032 505,183 23,136,368 16,474,498 (6,015,190) (3,944,656) 17,121,178 12,529,842 180 2015

33. (a) 5,285,822 2,908,366 11,541,269 8,759,012 5,382,897 3,919,573 798,405 887,547 127,975 23,136,368 16,474,498 (b) 2.68% 6.98% 4.00% 8.26% 1.46% 5.60% 1.65% 6.51% 4.75% 1.66% 5.70% 2.03% 6.51% (c) (i) 9,303,850,0009,388,473,000 17 (ii) (iii) (iv) 165,000 298,00013,034,00015,647,000 13,826,00017,501,00029(a)(ii) (v) 200,462,000130,918,00014 (d) (i) 3,570,894,0003,264,750,0004% 6.46% 4% 6.46% (ii) 13,000,00013,708,000 2015 181

33. (e) 12,088,360,00010,379,050,000 (i) 35% (ii) 40% (iii) 34. 599,674 631,072 4,105,212 3,861,235 4,704,886 4,492,307 (599,674) 4,105,212 4,492,307 (i) 1,450,000,0001,740,696,000(a) 1,000,000,0001,200,480,0003.75%(b) 450,000,000540,216,0005% 182 2015

34. (ii) 500,000,000600,240,000(a) 450,000,000540,216,0003.75%(b) 50,000,00060,240,0005% (iii) 500,000,000 3,875,050,000 4.625% (iv) 60% 200,000,000240,096,000 5% (i) 35% (ii) (iii) (iv) 2015 183

35. (i) 2,000,000,000 6.15% (ii) 700,000,000 3.9% (i) 35% (ii) (iii) (iv) (v) 184 2015

36. 75,833 63,085 9,893 7,741 29,679 25,308 19,786 18,765 135,191 114,899 (20,292) 114,899 (63,085) 51,814 55,696,000 2015 185

36. 20,068 14,852 20,032 15,577 60,096 51,244 34,995 33,226 135,191 114,899 37. 37 186 2015

37. 247,018 197,760 44 557 39,088 7 65,201 60,548 8 9,166 7,380 (105,758) (42,223) 45 (15,535) (10,695) 205,489 247,018 38. (i)81,051,000 39,033,000(ii)24,088,000 25,800,000 39. 122,388 79,469 (1,320,597) (929,578) (1,198,209) (850,109) 2015 187

39. (122,419) 3,063 49,400 (398,761) (9,363) 3,726 (474,354) 44 (132,027) 4,053 (127,974) 11 (570) 11,540 16,430 (239,687) (917) (213,204) 45 (34,159) (1,513) (742) 4,624 (31,790) (2,567) 257 (477) (2,787) (291,742) 17,143 65,345 (634,301) (10,280) 3,726 (850,109) 44 42,814 42,814 11 (2,305) 8,752 16,580 (465,097) (137) (442,207) 13,455 (347) (4,163) 42,075 535 (262) 51,293 (237,778) 25,548 77,762 (1,057,323) (9,882) 3,464 (1,198,209) (a) 489,843,000223,122,000 356,228,000119,802,000 (b) 10% 5% 10% 2,965,120,0002,857,107,000 188 2015

40. 2,129,973 758,432 870,743 698,993 420,418 243,421 1,296,471 554,964 341,849 459,658 197,788 175,083 529,089 673,377 5,786,331 3,563,928 60 (a) 2,385,000 114,999,000100,254,000154,978,000 (b) 120,646,000 411,090,000 2015 189

41. 413,485 380,767 (a) 1,247,128 889,521 1,378,743 556,787 (b) 1,134,785 1,445,792 19(d) 560,388 125,485 20(b) 171 28 350,863 348,006 42 147,407 64,761 5,232,970 3,811,119 (4,817,755) (3,470,715) 415,215 340,404 (a) (i) 340,846,000291,641,000BOT TOT (ii) 241,866,000157,714,000 56,180,00033,701,000 (b) (i) 27(b)949,221,000 1,102,866,000 (ii) 20,648,000272,405,000 (c) 190 2015

42. 54,726 34,630 64,390 3,737 28,291 26,394 147,407 64,761 43. 40% 40% 40% 40% * 30% * 31.5% (104,316) 103,556 108,915 52,512 * 30,019 * 10,782 1,078,531 1,268,465 620,966 544,472 * 278,226 * 418,672 2015 191

43. * * 30,150 329,500 1,295,365 628,220 319,893 29,510 805 39,469 15,418 1,986 124,125 31,099 (291,746) (110,079) (1,038,495) (498,927) (343,955) (26,380) (260,791) 258,890 272,288 131,279 100,063 34,229 (348,246) 258,890 231,110 131,279 100,063 34,229 9,205,048 9,427,575 1,141,280 744,334 6,360,606 630,895 1,844,690 1,057,268 2,936,884 2,190,178 451,449 745,356 (8,217,090) (7,132,165) (1,415,512) (924,668) (5,882,325) (28,137) (136,321) (181,515) (1,110,238) (648,665) (2,311) (18,996) (233,918) 968,818 (284,900) 123,198 (412,319) 459,899 (1,528,209) (1,516,987) 2,243 2,080 9,181 (18,644) 1,119,877 661,905 590,096 (201,405) 215,060 (46,219) (642,250) 113,736 307,439 (76,127) (188,078) 395,036 * ** 192 2015

44. 14 3,566 302,510 17 228,009 356,080 18 266 176 184,136 5,000 (c) 55,250 410,565 (c) 74,892 3,562,323 39 42,814 8,017 33,838 7,261 8,202 (c) 185,688 33,907 128,836 222,502 (6,249) (443,529) (70,474) (837,365) 1,109 (11,087) (77,125) (961,932) 37 (557) (39,088) 39 (135,991) 783,999 2,487,551 (164,424) (92,906) 619,575 2,394,645 16 462,602 182,104 6 (21,827) (75,729) 1,060,350 2,501,020 2015 193

44. 1,060,350 1,272,131 30(a) 1,228,889 1,060,350 2,501,020 # 123,028 855,247 49,143 225,134 # (1,060,350) (1,272,131) 128,836 222,502 56,180 33,701 197,185 109,236 (678,149) (906,692) 2,842,128,0002,140,072,000 14,754,539,000 10,064,780,000 194 2015

44. (a) (i) 62%240,313,000 (ii) 544,102,000 (iii) 100%78,750,000 (b) (i) SWL 30(a) (ii) 412,026,000 (iii) 99.172% 227,217,000 (c) 55,250,00074,892,000 185,688,000 2015 195

45. (a) (b) (c) 14 285 700 16 170,247 17 387,295 150,182 4,064 49 120,606 39 36,324 346,768 8,362 54,147 444,935 1,245 324 (3,913) (458) (744,017) (596) (16,981) (50,633) 37 (15,535) 39 (4,534) (17,606) (2,553) 41,081 827,626 2,784 (71) (b) 46,261 6 7 (2,327) 100,944 41,538 974,760 41,538 928,041 (b)(iii) 46,719 41,538 974,760 196 2015

45. 41,538 928,041 (1,245) (324) (689,066) 40,293 238,651 (a) 70% 7,000,00041,538,0002,327,000 (b) (i) Rich Peace Holdings LtdRich Peace 151,608,000Rich Peace 124,169,00040% 2,193,000 (ii) 50% 95%203,091,00056,950,000 46,261,000 (iii) (i) 99.67% (ii) 100%620,061,00046,719,000 2015 197

46. 30(a) 45(b)(iii) 47. 49,162,000 88,909,00049,162,000 108,972,000 48. 33 10,000,00012,005,000 198 2015

49. (a) 213510.5 22,073 4,926 47,440 17,849 10,191 11,044 79,704 33,819 (b) 14610 46 21,656 21,467 18,435 28,945 65,291 70,018 105,382 120,430 2015 199

50. 49(b) TOT 280,919 233,535 BOT 6,227,582 5,696,617 643,895 792,190 96,038 111,906 118,821 982,250 700,000 8,067,255 7,816,498 105,618 249,417 51. (a) 47,888,000 96,614,00050,490,000 119,668,000 200 2015

51. (b) (c) 18,725 17,827 33,668 56,386 54 51 52,447 74,264 9 2015 201

51. (d) 2,350,000,000 775,888,000 1,103,241,000 4.13% 5.70% 52. 202 2015

52. 100 115,260,00072,750,000 100 2015 203

52. 5% 195,836 836,586 5% (195,836) (836,586) 5% 148,536 661,594 5% (148,536) (661,594) 204 2015

52. 5082 2 2015 205

52. 5,678,035 3,895,937 11,077,774 2,948,939 23,600,685 6,002 1,055,153 15,944 44,367 93,339 1,214,805 805,432 190,767 4,179,203 5,175,402 174,440 174,440 1,203,286 2,522,453 4,074,619 65,904 9,929 9,893 29,679 19,786 135,191 5,786,331 5,786,331 560,559 3,345,441 336,847 78,368 4,321,215 350,863 350,863 983,328 16,854,761 4,623,828 16,612,677 5,584,517 44,659,111 4,083,604 3,948,831 6,976,303 2,674,122 17,682,860 6,329 448,836 41,109 26,176 1,176 523,626 210,135 825,431 4,102,225 5,137,791 155,204 155,204 465,612 2,968,840 3,744,860 3,563,928 3,563,928 125,485 2,551,696 233,595 87,946 18,863 3,017,585 348,006 348,006 479,820 11,013,403 5,204,170 11,658,262 5,663,001 34,018,656 (1) (2) 206 2015

52. 24,673,735 17,399,561 20,290,415 19,088,738 122% 91% 53. 21 22 2015 207

54. 3,501 1,035 10,910,698 10,172,339 1,281,390 1,281,390 1,392,746 1,303,833 13,588,335 12,758,597 5,234 5,518 14,501,791 12,236,286 337,085 1,867,567 14,844,110 14,109,371 28,432,445 26,867,968 208 2015

54. 872,295 870,743 7,434,246 8,528,133 8,306,541 9,398,876 9,785,309 6,169,574 631,072 7,860,444 17,645,753 6,800,646 377 398 552,804 8,681,408 1,327,296 1,986,640 599,674 2,480,151 10,668,446 20,125,904 17,469,092 28,432,445 26,867,968 2015 209

54. (a) 3,574,792 4,939,734 105,764 (626,912) 7,993,378 (329,418) (329,418) 54,162 (14,448) 39,714 115,706 115,706 (1,494) 1,494 1,203,603 1,203,603 (233,702) (233,702) (261,148) (261,148) 4,832,557 4,444,884 205,528 (954,836) 8,528,133 (393,933) (393,933) 45,613 (12,338) 33,275 68,637 68,637 (3,036) 3,036 (418,247) (418,247) (383,619) (383,619) 4,878,170 3,643,018 258,791 (1,345,733) 7,434,246 (a) 55. 210 2015

2,654,454 3,727,379 6,406,455 8,925,942 13,502,957 840,049 1,037,191 1,389,530 2,388,915 3,370,543 20,798 56,011 84,515 256,230 162,795 (1,409) 23,115 22,032 12,221 860,847 1,091,793 1,497,160 2,667,177 3,545,559 (169,861) (224,643) (351,762) (593,855) (777,766) 690,986 867,150 1,145,398 2,073,322 2,767,793 600,736 750,474 1,084,257 1,794,413 2,455,370 90,250 116,676 61,141 278,909 312,423 690,986 867,150 1,145,398 2,073,322 2,767,793 2015 211

24,749,742 31,289,880 44,186,670 51,640,838 64,491,748 (15,038,861) (20,558,387) (28,262,228) (32,552,100) (44,201,333) 9,710,881 10,731,493 15,924,442 19,088,738 20,290,415 8,081,989 8,467,124 13,297,631 15,784,448 16,183,833 1,628,892 2,264,369 2,626,811 3,304,290 4,106,582 9,710,881 10,731,493 15,924,442 19,088,738 20,290,415 212 2015

371