183 49 +852 2809 8188 +852 2907 6088 info@coscopac.com.hk www.coscopac.com.hk 2006 1 10 12 14 16 22 26 46 54 59 60 85 86 105 106 107 109 110 112 113 191 192 194 196 78
2006 5 18 7 630% 9 7 11 21 2007 1 10 2006 5 25 7 10 9 7 2006 200 3 23 3 23 2005 3 24 30 4 12 16 Forbes 2006 2000 4 19 10% 4 20 5 5 4 28 A 10 A 7 8.868 2.65 2007 11 23 2006 100 6 6 30% 3 6 8 20% 5 6 20 600,082 6 29 Lloyd s FTB Asia IBC 2006 7 17 20% (B.V.I.) 8 8 71.43% 6 8 22 A.P. A.P. 33.9% 59% 6 Asian Legal Business ALB Hong Kong Law Awards (Shipping In-House Team of the Year) 9 8 12 9 27 28 Nomura Asia Day 9 28 17 10 19 10 25 26 Greater China Conference 2006 10 27 11 27 12 8 56 12 21 Europe Container Terminals B.V. Maasvlakte Euromax IR Magazine 2006 1 15 1 23 1 24 3 22 3 22 2006 Concept & Design: Yellow Creative (HK) Limited www.yellowcreative.com Printed by: SNP Vite Limited
2006 2006 1
EVA
1 63.83% 2 100% 51.34% 48.66% 3 20% 50% 8.13% 20% 30% 4 14% 30% 5 50% 10% 30% 6 10% 7 20% 8 51% 55.59% 20% 25% 9 50% 5% 4.45% 39% 10 71.43% 11 49% Antwerp Gateway NV 20% Suez Canal Container Terminal S.A.E. 20% 12 Plangreat Limited 100% 100% 100% 49% 16.23% 20% 22.5% 100% 20% 2006 12 31 1 715 42,190,000 2 2006 12 31 1,144,166,411 51.34% 3 2006 12 31 139 400,000 4 2006 7 6 5 2006 6 6 30% 3 6 2006 4 19 10% 7 2005 12 19 10% 8 2006 6 8 20% 5 9 2004 6 17 25% 10 2006 12 8 11 2006 8 8 71.43% 6 2006 9 12 2005 12 19 Suez Canal Container Terminal S.A.E. 20% 2006 12 10 2006 11
2006 346,263,000 20053.4% 15.632005 15.28 2006 2005 253,960,000 295,648,000-14.1% 201,124,000 237,093,000-15.2% 174,112,000 155,289,000 +12.1% 346,263,000 334,937,000 +3.4% 291,082,000 334,937,000-13.1% 15.63 15.28 +2.3% 13.14 15.28-14.0% 8.847 8.650 +2.3% 3.526 3.614-2.4% 1.174 1.453-19.2% 4.147 3.583 +15.7% 56.6% 56.6% 2,208,201,000 1,890,343,000 +16.8% 2,172,634,000 1,879,948,000 +15.6% 2,987,155,000 778,954,000 2,208,201,000 2,855,150,000 964,807,000 1,890,343,000 +4.6% -19.3% +16.8% 306,930,000 656,338,000-53.2% 17.1% 14.4% 16.9% 14.2% 13.9% 8.8 20.0% 20.0% 19.8% 19.8% 34.7% 11.1-2.9-5.6-2.9-5.6-20.8-2.3 Plangreat Limited 55,181,000 12 2006 13
14 2006 15
16 2006 17
2006 2006 6 869,203,000600,082 2006 3.4% 346,263,000 2006 2006 12 31 15.632005 2006 A424,106,507 1156,100 15.28 8.847 2005 8.650 A 103 16.23% 360,143,203 5,430 56.6% 200556.6% AA 2006 55,181,000 8.868 71.43% 2007 11 23A 30% 20% 2006 12 3118.84 10% 30% 2005 1220% 2006 12 2006 10.7% 17,610 23.8% 20022006 29.8% 200693,000,000 2010140,000,000 200513.1% 291,082,000 102006 7 20 8.868 18 2006 19
139400,000 2010 560,000 CKYH 2006 2007 2007 1 24 2006 2000 Asian Legal Business ALB Hong Kong Law 2006 12 3119.9% 1,250,609 (1) 10 (2) (3) 10100% Awards Shipping In-House Team of the Year Award IR Asia magazine 2006 2007 3 22 20 2006 21
22 2006 23
2007 1 24 2006 25.7% 32,791,713 200615 11554,900,000 61,000,000 2005 61,875,000 2.8% 90,520,000 6,770,003 8.3% 8,000 2006 4 10% 2007 2006 12 31 1,250,609 19.9% 2006 96.2% 2005 95.5% 91.8% 200590.9% 2006 6 600,082 2006 12 31 620,728 20051,008,249 50,000,000 15,000,000 65,000,000 43.7% 166,353,000 2007 49% 51% 2006 21.5% 11,136,000 16.23% 20.0% 22.5% 2006 2005 24.1% 69,715,000 2007 2007 2007 3 22 24 2006 25
26 27 2006 % () 20% 50% 8.13% 20% 30% 14% 30% 50% 38 11 1 9 6 2 4 3 2 17.5 13.5 8.9-14.0 13.5-17.8 11.0 15.7 15.5 14.0 3,400 349 2,335 2,096 550 1,202 1,100 576 18,600,000 6,500,000 600,000 3,000,000 4,200,000 600,000 1,500,000 1,800,000 1,000,000 () 10% 30% 10% 20% 51% 55.59% 20% 25% 36 10 3 4 5 3 2 3 5 1 9.4-10.5 12.0 15.0 15.0 10.0 11.0 12.0 13.0 2,281 940 1,400 1,610 722 1,346 910 233 14,200,000 3,700,000 2,300,000 3,200,000 2,100,000 1,000,000 700,000 +4,700,000 1,000,000 200,000 () 50% 5% 4.45% 39% 71.43% 29 2 5 10 6 5 1 15.5 14.0-15.5 16.0 14.5 10.0-15.0 1,086 1,650 3,297 2,100 1,475 21,500,000 1,800,000 4,500,000 9,000,000 4,200,000 2,000,000 +1,000,000 Antwerp Gateway NV Suez Canal Container Terminal S.A.E. 49% 20% 20% 12 2 6 4 15.0 17.0 16.5 720 2,450 1,200 6,700,000 1,000,000 3,500,000 2,200,000 () 115 109 2 4 61,000,000 600,000 5,700,000 11 7 11 13
2006 20069,300 23%23.8% 25.7% 2002 2003 2004 2005 2006 37,210 48,670 61,600 75,640 93,000 +35.4% +30.8% +26.6% +22.8% +23.0% 2006 1 HPH 13.0% 2 APM Terminals 10.1% 3 PSA 10.1% 4 P&O Ports 6.0% 5 3.7% 6 DP World 3.2% 7 Eurogate 3.0% 8 Evergreen 2.2% 9 MSC 2.0% 10 SSA Marine 1.8% Drewry Shipping Consultants Ltd 2006 8 2006 1 21,710,000 +20.1% 2 18,469,000 +14.0% 3 7,702,000 +22.1% 4 7,068,000 +35.7% 5 6,600,000 +40.9% 6 5,950,000 +23.9% 7 4,019,000 +20.2% 8 3,212,000 +21.2% 9 1,302,000 +30.0% 10 1,173,000 +9.1% www.portcontainer.cn Drewry Shipping Consultants 2006 20063.7% 25.7% 32,791,713 20062005 61,875,0002.8% 90,520,000 2006 2005 13,431,338 9,370,361 +43.3% 7,732,423 6,831,502 +13.2% 10,400,888 9,196,652 +13.1% 1,227,064 681,097 +80.2% 32,791,713 26,079,612 +25.7% 28 2006 29
43.3% 13,431,338 24.4% 6,770,003 16.9% 2,885,276 32.2% 837,5742005 11 2006 1,773,141 2006 2005 13,431,338 9,370,361 +43.3% 6,770,003 5,443,086 +24.4% 744,276 605,791 +22.9% 2,885,276 2,467,465 +16.9% 421,068 132,984 +216.6% 1,773,141 87,462 +1,927.3% 837,574 633,573 +32.2% 13.2% 7,732,423 10% 20% 30% 20.9% 455,946 41.9% 222,912 291.8% 700,098 2006 2005 7,732,423 6,831,502 +13.2% 3,703,460 3,646,732 +1.6% 2,650,007 2,471,840 +7.2% 455,946 377,121 +20.9% 222,912 157,123 +41.9% 700,098 178,686 +291.8% 2006 12 30 2006 31
13.1% 10,400,888 15.2% 8,470,919 8.3% 4 8,000 80.2% 1,227,064 2.8% 627,894 2005 9 2006 599,170754.9% 2006 2005 1,227,064 681,097 +80.2% 627,894 611,013 +2.8% Antwerp Gateway NV 599,170 70,084 +754.9% +80.2% 1,227,064 2006 2005 10,400,888 9,196,652 +13.1% 1,688,697 1,841,193-8.3% 8,470,919 7,355,459 +15.2% 241,272 2006 12 32 2006 33
2006 2006 100115 54,900,00061,000,000 2005 12 20% 2006 12 2006 12 21 Europe Container Terminals B.V. MaasvlakteEuromax 3 2006 30% 32008 465,000,000 10% 20%30% 520% 1 6 6 71.43%4 34 2006 35
200520064 2006 2005 9 2007 20% 2007 Antwerp Gateway NV Suez Canal Container Terminal S.A.E. 36 2006 37
Containerisation International Market Analysis 2006 200623,170,000 10,195,00044% 8,756,000 86% 2006 20064 8202,000 1,900 2006 1 Textainer 1,525,000 15.0% 2 Triton Container 1,390,000 13.7% 3 1,250,609 11.9% 4 TAL International 940,000 9.3% 5 GE SeaCo 930,000 9.2% 6 Interpool Group 750,000 7.4% 7 CAI 670,000 6.6% 8 Capital Lease 520,000 5.2% 9 Cronos Group 405,000 4.0% 10 Gold Container 375,000 3.7% Containerisation International Market Analysis/Andrew Foxcroft Container Data UK, 2007 2 2006 12 31 2006 1 1,573,551 2 1,019,725 3 517,213 4 454,526 5 399,237 6 387,168 7 377,334 8 342,461 9 337,378 10 283,109 www.ci-online.co.uk 38 2006 39
2006 12 31 1,250,609 19.9%2006 96.2% 2005 95.5% 91.8% 2005 90.9% 2006 43.7% 166,353,000 2006 12 31456,877 2005377,324 163,851 2005 630,925 2006 6 600,082 2005 34,603 2006 629,881 95.9%3.3% 0.8% 4 2006 2005 1 1 1,042,852 919,128 +13.5% 268,236 168,592 +59.1% (43,981) (26,354) +66.9% 648 344 +88.4% (43,333) (26,010) +66.6% (172) (629) -72.7% (11) (4) +175.0% (16,963) (18,225) -6.9% 12 31 1,250,609 1,042,852 +19.9% 2006 12 31 1,250,609 456,877 163,851 629,881 % 100.0 36.5 13.1 50.4 % 95.9 93.2 99.3 96.9 % 3.3 6.5 0.1 1.9 % 0.8 0.3 0.6 1.2 2005 12 31 1,042,852 377,324 630,925 34,603 % 100.0 36.2 60.5 3.3 % 95.3 92.8 96.5 100.0 % 3.6 6.8 2.0 - % 1.1 0.4 1.5-12 31 2006 2005 456,877 377,324 +21.1% % 36.5 36.2 +0.3pp 163,851 630,925-74.0% % 13.1 60.5-47.4pp 629,881 34,603 +1,720.3% % 50.4 3.3 +47.1pp 1,250,609 1,042,852 +19.9% 268,236 1,090,000 24.6% 2005 10.9% 2006 11.9% 2006 12 31 270 2005 256 40 2006 41
43,981 200526,354 47,624 200526,838 8,794,00020056,122,000 2006 6600,082 869,203,000 1 4% 2 8% 32% 4 2% 869,203,000 2006 6 30 12% 846,524,0007,439,000 15,240,000 2007 20 42 2006 43
49%51% 2006135,087 20050.2% 128,763,073200525.7%30,716,640 562,484 200536.0% 433.2% 2006 21.5% 11,136,000 16.23% 20.0% 22.5% 2006 2005 57,727,000 5,470,000 2006 ( ) 24.1% 69,715,000 20% 12,778,00027.4% 44 2006 45
46 47 2006 346,263,000 2005 334,937,000 3.4% 2006 6600,082 253,960,000 2005 295,648,000 14.1% 65,000,000 50,000,000 15,000,000 166,353,000 2005115,733,000 43.7% 88,089,000 2005 17.5% 61,875,000 2.8% 90,520,000 2004 16.23% 20052006 69,715,000 2005 56,176,000 24.1% 2005 A424,106,507 2006 55,181,000 2006 23,914,000 2005 19,191,000 24.6% 291,082,000 2005334,937,000 13.1% 14.4% 200520.0% 14.2% 200519.8% 55,181,000 2.7 600,082869,203,000 340,000,000 112,000,000 2006 9 2006 5A424,106,507 AA 2007 11 23
Plangreat Limited 32,636,000 2005 7,558,00020056,839,000 9,952,000 22,684,000 227.9% 600,082 15,000,000 100,686,000 2005 2,672,000 115,551,000 12.9% 47,624200526,838 19,694,000 2005 105,933,000 18.6% 5,470,000 85.7% 200591.7%2005 9,618,000 50.2% 14,447,000 2006 9 2006 6600,082 84,454,000 200519.0% 3,154,000 19,747,000 18,154,000 2005 2005 17.5% 253,960,000 2005 295,648,000 14.1% 2006 6600,082 54,910,00020.0% 219,566,0002007 4,061,000 1,368,000 2005963,000 42.1% 492,000 2005 532,000 2006 9 241,2725,867,000 17 15,072,000 20.4% 3,082,000 20061,073,000 2005186,000 33,806,000 2005 31,424,000 7.6% 2,382,000 2006 9 61,875,000 600,082 12,621,000 20054,361,000 189.4% 2005342,000 455,9462005377,121 2005 20.9% 15,048,000 1,042,8521,250,609 200512,496,000 20.4% 19.9%0.796.2% 48 2006 49
2005 5,443,086 20053,646,732 200536,362,000 21.6% 24.4% 6,770,003 2005 1.6% 3,703,460 2005 44,203,000 26,429,000 2005 24.5% 1,841,1938.3% 1,688,697 8,815,000 22.5% 6,831,000 664,431,000 2005 2005 178,686 23,751,000 200527,981,000 2004 731,565,000 9.2% 291.8% 700,098 15.1% 200570,084 599,170 2005605,79122.9% 744,276 2006 18,351,000 2005 100 200521.8% 2006 10,026,000 27.4% 12,778,000 2005120 135,087 20050.2% 128,763,073 25.7% 2005633,573 30,716,640 200522,426,000 200685,070,000 32.2% 837,574 562,484 2005 49,196,000 2005 72,969,000 16.6% 12,101,000 200538.8% 36.0% 433.2% 2005611,0132.8% 627,8942005 89,042,000 29.0% 2005 82,320,000 8.2% 6,722,000 2006 2005 57,727,000 2005 55,636,000 3.8% 2,650,00720052,471,840 7.2%10% 15,439,000 2005 9,963,000 55.0% 5,476,000 50 2006 51
210,318,000 2005 276,382,000 2006 517,103,0002005321,119,000 889,986,000 2005 128,385,000 49,085,000 200521,823,000 143,891,0002005 89,125,000 10% 57,973,00034,336,000 20,195,000 9,087,000 9,196,000 9,827,000 3,277,000 2005 20,781,00012,082,000 19,516,000 15,894,000 15,052,000 5,800,000 438,923,000 2005 350,785,000391,813,0002005 342,200,000 35,644,00010,200,000 2006 6500,000,000 6 37 2006 12 2006 12 31 224,668,00040,000,000 2005179,315,000320,000,000 2007 2006 12 31 2005 12 31 % % 12,666,000 2.4 87,036,000 10.4 189,840,000 35.7 79,167,000 9.5 10,821,000 2.0 233,908,000 28.0 11,526,000 2.2 62,956,000 7.5 306,745,000 57.7 372,586,000 44.6 531,598,000* 100.0 835,653,000* 100.0 500,000 0.1 345,618,000 41.4 531,098,000 99.9 490,035,000 58.6 531,598,000 100.0 835,653,000 100.0 464,622,000 87.4 830,326,000 99.4 66,976,000 12.6 5,327,000 0.6 531,598,000 100.0 835,653,000 100.0 * 2006 12 31 2,987,155,000 20052,855,150,000778,954,000 2005964,807,000 1,890,343,0002,208,201,000 99.082005 85.97 15.3% 2006 12 31 224,668,000 2005179,315,000 340,000,000 2006 12 31 835,653,000531,598,000 34.7% 13.9% 8.8 11.1 1,645,000 2005 512,957,000 500,000 2005 345,618,000 158,000 200521,978,000 2006 12 31 25,304,000200521,920,000 20062005 12 31 200,000,000 6 105 116 5.875% 100,000,000 3.88% 4.90% 3 2006 12 31 35.7% 64.3% 200522.9% 77.1% 52 2006 53
(1) (2) (3) (4) (5) (6) (7) (8) 54 2006 55
2006 14 20065 5 42 161 2006 IR Asia magazine Access China Conference 2006 2005 2006 2006 2005 18.65 17.90 14.20 12.15 16.37 15.28 12 31 18.26 14.20 114,698,900 119,048,954 1,845,173,958 1,798,106,300 2,228,684,298 2,198,966,298 12 31 40,695,775,000 31,225,321,000 Nomura Asia Day Greater China Conference 2006 56 2006 57
1 86 21 5049 6333*2102 86 21 5049 6999 osbert.tang@cn.abnamro.com 2 2825 1888 2845 2232 jimmy.wong@asia.bnpparibas.com 3 2867 6333 2147 9513 jimmy.lam@bocigroup.com 4 86 10 6505 1166*1249 86 10 6505 8157 zhengd@cicc.com.cn 5 2501 2756 2521 5350 charles.detrenck@citigroup.com 6 2101 6572 2284 6572 karen.chan@credit-suisse.com 7 2525 0121 2845 2190 geoffrey.cheng@dir.com.hk 8 DBS 2820 4888 2521 1812 oscar_choi@hk.dbsvickers.com 9 2203 8888 2203 6921 emilie.chau@db.com 10 86 21 5049 8908*216 86 21 5049 9166 matthew.gillmouth@evosecurities.com 11 2978 1383 2978 1346 mike.warren@gs.com 12 2509 9118 2509 7793 alan.lam@gtjas.com.hk 13 2800 1000 2537 4319 christie.y.ju@jpmorgan.com 14 2252 6197 2372 5197 andrewkw.lee@lehman.com 15 2823 3588 2823 3560 anderson.chow@macquarie.com 16 86 21 5407 5088*3102 86 21 5407 5245 david_cui@ml.com 17 2848 5200 3407 5888 jim.lam@morganstanley.com 18 2532 8030 2532 8039 belinda_chan@standardandpoors.com 19 3761 1390 3761 1500 kitty.cheung@shkco.com 20 2848 4333 2869 7737 ftcho@taifook.com 21 86 21 6103 3168 86 21 6103 3132 ingrid.wei@ubs.com 22 2236 6761 2845 1655 xi.zhang@uobkayhian.com.hk 58
2007 2 28 1,028 2006 3 200 2006 2006 2006 59
2006 2006 2006 2000 Asian Legal Business Shipping In-House Team of the Year 2005 1 2002 12 31 2006 12 31 E.1.2 E.1.2 2006 5 18 E.1.2 147 4 3 2 1 1 2 1 1 2 1 1 1 3 3 3 3 www.coscopac.com.hk 2007 1 24 2007 1 24 3 4 3 4 3 (i) 3(ii) 2006 2006 12 31 4 86.15% 2005 2006 1 2 3 60 2006 61
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64 65 2006 7 www. coscopac.com.hk 1 2006 12 31 133 2 4 1 4 2006 12 31 5 80% 1 2006 5 A
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2006 12 31 2006 2005 615,000 726,000 128,000 323,000 655,000 262,000 59,000 35,000 www.coscopac.com.hk 21 183 49 2006 12 31 2006 12 31 300,000,0003,000,000,000 0.1 222,868,429.80 0.12,228,684,298 1,144,166,411 51.34 133,968,295 6.01 950,549,592 42.65 2,228,684,298 100.00 2006 12 31 1 509 2,228,622,298 2 1 2,000 1 56,000 1 4,000 512 2,228,684,298 1 2 1,263,205,485 76 2006 77
57 2000 6 2005 6 2002 11 1967 57 2003 9 30 50 1997 10 20 10 49 2000 32005 6 48 2002 3 1982 78 2006 79
48 1980 1998 11 1998 12 2003 92003 9 2005 62007 1 2007 1 46 (OECD) 1992 Andrews University National Investor Relations Institute 22 1996 7 47 2002 9 2007 1 International WHO S WHO of Professionals 1982 1987 2001 2005 1982 24 44 2001 4 2005 7 1980 2000 1980 13 1993 54 1996 3 1975 1983 30 80 2006 81
GBS, OBE, JP 68 1998 2 54 2005 6 OECD GBS, JP, FIBA 77 1996 9 1975 1985 1990 2001 7 1988 1996 11 62 2005 6 2001 1967 29 1996 1975 1978 1985 7 1993 1996 82 2006 83
49 1998 2006 1985 1998 9 20 40 2006 10 1990 45 2007 1 37 1996 11 2001 3 2006 Asian Legal Business25 84
董事會報告及財務報告 86 105 106 107 109 110 112 113 191
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88 78 84 2007 1 24 2007 1 24 1996 7 22 2001 4 1 2003 5 232003 1994 11 301994 2005 12 5 2003 2003 1 2003 8(e) 20032003 7.3(a) 2006 2 28 89 2006 (i) 1994 1994 1994 199410% 1994 25% 1.0028 80% 19942003 5 231994 1994 1994322,000 0.014% (ii) 2003 20031 2003
(ii) 2003 2003 2003 10% 2003 10% 10% 2003 1994 30% 2003104,811,229 4.68%200331,787,000 1.42% (ii) 2003 (1) 2003 (i) (ii) (iii) 2 (2) 2003 1% (iii) 1994 1994 2003 1.00 (i) (ii)(iii) 20032013 5 22 8.80 900,000 (600,000) 300,000 0.013% (1), (2), (3) 8.80 254,000 (232,000) 22,000 0.001% (1), (3) 1,154,000 (832,000) 322,000 (1) 1994 1997 5 20 2007 5 19 (i) 20% (ii) 20% (2) (3) 16.87 (4) 1994 90 2006 91
(iv) 2003 2003 (iv) 2003 9.54 500,000 (100,000) 400,000 0.018% 30.10.2003- (1), (2), 29.10.2013 (3), (4) 13.75 1,000,000 1,000,000 0.045% 3.12.2004-2.12.2014 9.54 400,000 (100,000) 300,000 0.013% 28.10.2003- (1), (2), 27.10.2013 (3), (4) 13.75 1,000,000 1,000,000 0.045% 3.12.2004-2.12.2014 9.54 400,000 (100,000) 300,000 0.013% 29.10.2003- (1), (2), 28.10.2013 (3), (4) 13.75 1,000,000 1,000,000 0.045% 2.12.2004-1.12.2014 13.75 1,000,000 (1,000,000) 2.12.2004- (2), (3), 1.12.2014 (4) 9.54 400,000 (100,000) 300,000 0.013% 29.10.2003- (1), (2), 28.10.2013 (3), (4) 13.75 1,000,000 1,000,000 0.045% 3.12.2004-2.12.2014 9.54 200,000 (200,000) 28.10.2003- (1), (2), 27.10.2013 (3), (4) 13.75 1,000,000 1,000,000 0.045% 1.12.2004-30.11.2014 9.54 800,000 800,000 0.036% 28.10.2003- (1), (2), 27.10.2013 (3) 13.75 1,000,000 1,000,000 0.045% 2.12.2004-1.12.2014 13.75 800,000 (100,000) 700,000 0.031% 29.11.2004- (2), (3), 28.11.2014 (4) 13.75 1,000,000 (800,000) 200,000 0.009% 29.11.2004- (2), (3), 28.11.2014 (4) (1) 2003 2003 10 282003 11 6 9.542003 2003 10 282003 11 6 (2) 2003 2004 11 252004 12 16 13.75 2004 11 252004 12 16 (3) (4) 17.03 (5) 2003 2006 12 31XV352 XV (a) 258,000 0.012% 30,000 0.001% (b) 1994 2003 11,500,000 (2,500,000) 9,000,000 9.54 6,794,000 (2,816,000) 3,978,000 0.178% 1 (1), (2), (4) 13.75 31,044,000 (10,826,000) (20,000) 20,198,000 0.906% 2 9.54 3,104,000 (2,104,000) 1,000,000 0.045% 1 (1), (2), (4) 13.75 18,000,000 (10,640,000) 7,360,000 0.330% 2 58,942,000 (26,386,000) (20,000) 32,536,000 70,442,000 (28,886,000) (20,000) 41,536,000 92 2006 93
(c) 1,000,000 0.045% 1,900,000 0.086% (1) 1,300,000 0.059% (1) 1,400,000 0.063% (1) (d) 0.57 1,800,000 1,800,000 0.124% (1) 1.37 1,200,000 1,200,000 0.083% (2) 0.57 1,800,000 1,800,000 0.124% (1) 1.37 1,200,000 1,200,000 0.083% (2) 0.57 900,000 900,000 0.062% (1) 1.37 800,000 800,000 0.055% (2) 0.57 800,000 800,000 0.055% (1) 1.37 500,000 500,000 0.034% (2) (1) 2006 1 17 10.2020.10 0.807 900,000 (900,000) (3) 1.23 1,100,000 1,100,000 0.050% (5) 0.807 600,000 (600,000) (3) 1.23 700,000 700,000 0.032% (5) 0.807 400,000 400,000 0.018% (4) 0.807 600,000 (600,000) (3) 1.23 700,000 700,000 0.032% (5) (1) 2003 11 262002 5 17 2003 12 232008 12 220.57 (2) 2004 12 2 2004 12 292014 12 281.37 (3) 2005 4 6 2006 4 62010 4 52006 1 17 10.2020.10 2006 1 17 1.614 0.807 450,000 900,000300,000 600,000 300,000 600,000 (4) 2005 4 6 2007 4 62010 4 52006 1 17 1 0.2020.102006 1 171.614 0.807200,000 400,000 (5) 2006 2 21 2007 2 212011 2 20 (6) 94 2006 95
(d) 3.195 900,000 900,000 0.040% (1) 3.588 900,000 900,000 0.040% (2) 3.195 700,000 700,000 0.031% (1) 3.588 700,000 700,000 0.031% (2) 3.195 600,000 600,000 0.027% (1) 3.588 600,000 600,000 0.027% (2) 3.195 500,000 500,000 0.022% (1) 3.588 500,000 500,000 0.022% (2) 3.195 600,000 600,000 0.027% (1) 3.588 600,000 600,000 0.027% (2) 3.195 500,000 500,000 0.022% (1) 3.588 500,000 500,000 0.022% (2) (1) 2005 3 3 2005 12 16 1H2007 12 162015 12 15 3.195 (2) 2006 10 51H 2008 10 52016 10 43.588 (3) 2003 10 13 2006 12 31 51% 49% 2006 12 31 2006 12 31336 200,120,000 8.98 (1) 1,144,166,411 51.34 (1) 1,144,166,411 51.34 (1) 1,144,166,411 51.34 (1) 2006 12 31XV7 8 XV 352 (1) 1,144,166,411 200,120,000 944,046,4111,144,166,411 2006 12 3163.83% 1,144,166,411 2006 12 31336 96 2006 97
25% 11.39% 35.34% 61.96% 75.30% (a) 2006 9 28Win Hanverky Investments LimitedWH Investments WH Investments 51% 49%16,800,000 36,800,000 17 9,800,000 WH InvestmentsWH Investments10,200,000 WH Investments20042005 12 31 37,811,9199,800,000 1. 171,081,9679,800,000 2. 1 2005 11 12006 4 30 2006 5 1 5.022% 5.265% 3. 2005 112006 7 13,611,143 12.93%2006 12 31 4. 2 5% 2006 12 31 E.1.2 2006 60 77 98 2006 99
(b) (a) 2006 3 27Wing Thye Holdings LimitedWing Thye 183 49 4901 4902A 4903 4901 4902AWing Thye49014902A49014902A 2005 11 29 3 420,000( )Wing Thye 50,747 5,648,959 4903Wing Thye490349032006 1 16 2 1013 150,0002006 1 162006 3 15 Wing Thye 18,170 2,018,040 49014902A4903 Wing Thye 49014902A 4903 Wing Thye Wing Thye (b) 1996 12 131997 4 152001 9 12 2004 3 31 2004 3 31 2005 6 3 2007 12 31 (b) (b) 14A() 0.1% 2.5% 2005 6 32006 12 28 20062007 (1) Plangreat LimitedPlangreat Plangreat2005 1 12007 12 31Plangreat 2005 6 3200520062007 12 31 6,642,0002006 12 282006 12 31 2007 12 31 6,642,000 7,375,000 2006 12 317,234,000 (2) 51% 49% 2005 1 12007 12 31 200520062007 12 313,478,0004,076,000 4,691,0002006 12 312,905,000 (3) 10 2005 1 12007 12 31 200520062007 12 31 2,700,0003,100,0003,500,0002006 12 31213,000 100 2006 101
102 (b) (c) 2006 92006 9 2006 12 31559,000 (d) 2004 2 282005 1 1 40% 2004 3 12007 2 282005 1 12007 2 28 200420052006 12 31 2,451,0383,861,9254,452,972 (e) 2004 200420052006 12 31 315,012437,460 653,642 (f) 1994 12 14 14 2006 12 31 136,889,000 103 2006 (b) (1) 14A.37 (i) (ii) (2) 14A.38 4400 2006 12 31 (i) (ii) 2005 6 32006 3 272006 12 282007 1 11
1313.22 1313.22 2006 12 31 644,370 75,541 (200,823) (404,712) 114,376 75,871 38,505 106190 2006 12 31 90 114,376 2006 12 3193,365,000 2006 12 31 2007 3 22 2007 3 22 104 2006 105
2006 12 31 2006 12 31 2006 2005 6 253,960 295,648 (100,686) (115,551) 153,274 180,097 19,747 16,593 (33,806) (31,424) 7 78,817 35,344 (46,181) (25,392) 8 84,454 9 61,875 10 (140,064) 10 84,883 (55,181) 11 201,124 237,093 12 12,621 4,361 12 (44,203) (36,362) 169,542 205,092 85,070 72,969 89,042 82,320 343,654 360,381 13 (49,196) (22,426) 294,458 337,955 14 291,082 334,937 3,376 3,018 294,458 337,955 15 197,370 190,333 16 13.14 15.28 16 13.07 15.19 2006 2005 19 1,108,852 1,400,120 20 1,540 1,383 21 34,401 16,597 22 3,839 3,803 24 476,764 403,486 25 619,590 483,514 26 376,589 275,595 27 2,989 3,747 35 162 246 40(c) 158 21,978 2,624,884 2,610,469 -------------- -------------- 29 3,553 2,336 30 133,629 84,283 28 579 725 40(c) 224,510 157,337 362,271 244,681 -------------- -------------- 31 172,728 53,628 28 55,181 7,676 820 34 2,421 84,558 10,245 2,478 248,251 141,484 -------------- -------------- 114,020 103,197 -------------- -------------- 2,738,904 2,713,666 -------------- -------------- 28 4,362 2,007 35 2,202 72,699 34 518,932 748,617 36 5,207 530,703 823,323 -------------- -------------- 2,208,201 1,890,343 113 190 106 2006 107
2006 12 31 2006 12 31 2006 2005 2006 2005 32 28,583 28,200 2,051,627 1,772,959 92,424 78,789 2,172,634 1,879,948 35,567 10,395 2,208,201 1,890,343 19 213 318 23 1,328,294 1,324,607 1,328,507 1,324,925 -------------- -------------- 30 191,416 227,712 40(c) 126,743 77,282 318,159 304,994 -------------- -------------- 31 43,004 100,029 28 55,181 98,185 100,029 -------------- -------------- 219,974 204,965 -------------- -------------- 1,548,481 1,529,890 23 296,655 296,655 1,251,826 1,233,235 32 28,583 28,200 33 1,130,819 1,126,246 33 92,424 78,789 1,251,826 1,233,235 113 190 113 190 108 2006 109
2006 12 31 2006 1 1 28,200 623,822 1,121 115 192,051 714 9,595 22,857 1,001,473 1,851,748 10,395 1,890,343 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- 26,159 26,159 514 26,673 88,952 88,952 88,952 79 25,035 (4,839) 984 21,259 21,259 (107) (9) (217) 217 (116) (116) (28) 113,987 21,311 767 217 136,254 514 136,768 291,082 291,082 3,376 294,458 2006 (28) 113,987 21,311 767 291,299 427,336 3,890 431,226 383 48,715 48,715 49,098 (13) (13) (13) 9,800 9,800 14,256 14,256 4,446 (4,446) (2,774) (2,774) 2005 (79,457) (79,457) (79,457) 2006 (78,230) (78,230) (78,230) 2006 (26,048) (26,048) (26,048) 383 48,702 (28) 113,987 21,311 5,213 103,118 292,303 25,172 317,858 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- 2006 12 31 28,583 672,524 1,093 115 306,038 714 30,906 28,070 1,104,591 2,144,051 35,567 2,208,201 28,583 672,524 1,093 115 306,038 714 30,906 28,070 1,012,167 2,051,627 2006 92,424 92,424 2005 1 1 28,003 602,196 1,071 115 237,674 714 1,420 11,629 858,546 1,713,365 9,441 1,750,809 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- 12,722 12,722 148 12,870 15,406 15,406 15,406 50 836 (4,547) (127) (3,788) (3,788) (61,865) (61,865) (61,865) 50 (45,623) 8,175 (127) (37,525) 148 (37,377) 334,937 334,937 3,018 337,955 2005 50 (45,623) 8,175 (127) 334,937 297,412 3,166 300,578 197 21,646 21,646 21,843 (20) (20) (20) 11,355 (11,355) (2,212) (2,212) 2004 (69,183) (69,183) (69,183) 2005 (79,506) (79,506) (79,506) 2005 (31,966) (31,966) (31,966) 197 21,626 50 (45,623) 8,175 11,228 142,927 138,383 954 139,534 ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------- 2005 12 31 28,200 623,822 1,121 115 192,051 714 9,595 22,857 1,001,473 1,851,748 10,395 1,890,343 28,200 623,822 1,121 115 192,051 714 9,595 22,857 922,684 1,772,959 2005 78,789 78,789 28,200 623,822 1,121 115 192,051 714 9,595 22,857 1,001,473 1,851,748 28,583 672,524 1,093 115 306,038 714 30,906 28,070 1,104,591 2,144,051 113 190 110 2006 111
2006 12 31 2006 2005 40(a) 310,637 269,527 11,683 5,844 751 2,623 58 (112,811) (1,612) 210,318 276,382 -------------- -------------- 43,986 48,942 40,979 32,248 10,633 22,225 (438,923) (350,785) (15,842) (30,900) (58,903) (9,195) (19,516) (59,951) (38,709) 34,704 19,495 78,902 855,021 33,694 1,558 1,439 809 747 403,318 (200,660) -------------- -------------- 40(b) 517,103 321,119 (889,986) (128,385) 49,098 21,843 (13) (20) (183,735) (180,651) (2,774) (2,212) (36,095) (36,238) (783) (2,273) 1 Clarendon House, Church Street, Hamilton HM 11, Bermuda 2007 3 22 2 1994 12 31 5 2006 1 1 394 39(i) (ii)37 20062005 12 31 (547,185) (6,817) -------------- -------------- 722 (849) -------------- -------------- 67,173 68,056 1 1 157,337 89,281 12 31 40(c) 224,510 157,337 113 190 112 2006 113
2 2006 12 31 3 3.1 8 2 2006 5 1 9 2006 6 1 10 2006 11 1 7 2007 1 1 1 2007 1 1 2006 12 31 3 3.1 12 31 (a) (b) (c) 20% 50% 3.2 (a) (b) 114 2006 115
116 3 3.2 (b) (c) (i) (ii) (iii) 117 2006 3 3.3 1994 1995 9 3016 80A 15 12 25 50 5 5 20 3.4
3 3.5 3 3.7 3.6 (a) (b) 3.8 3.9 12 12 118 2006 119
3 3.9 3.10 3.11 3 3.13 (b) 3.3 3.21(a) 3.21(e) 3.21(a) 3.14 3.15 3.12 3.16 3.13 (a) iii 3.17 3.18 12 120 2006 121
3 3.19 3 3.20 (c) 12 3.20 (a) (d) 3.21 (a) (b) (b) (c) 122 2006 123
3 3.21 (d) (e) (f) 3 3.24 (g) (h) (i) 3.22 4 4.1 (a) (i) 3.23 (ii) iii 10 124 2006 125
4 4.1 (a) (iii) (b) 54%60 90 10 4 4.2 10 5 5.1 (a) 3.7 (c) 4.2 10% 1,171,000 10% (b) 126 2006 127
5 5.1 (b) 2006 1 12006 12 312006 12 31 2,426,000 366,000 10% 18,214,000 5,731,00012,483,000 10% 2,362,000 796,000 1,566,000 (c) 5 5.2 (a) 35 10% 5,875,000 6 10%37,000,000 (d) 3.7 10% 10% 2006 2005 219,566 274,476 1,368 963 492 532 20,915 12,496 7,558 6,839 4,061 342 253,960 295,648 (a) (i) (ii) (iii) (iv) (v) 128 2006 129
6 (a) 6 (a) 2005 12 31 19,338 276,313 295,651 (3) (3) 19,335 276,313 295,648 2006 12 31 28,474 225,487 253,961 (1) (1) 28,473 225,487 253,960 (36) 129,245 (7,215) 3,106 125,100 476 476 19,227 19,227 8 84,454 84,454 10 (140,064) (140,064) 10 84,883 84,883 (9,571) (9,571) 5,037 5,037 19,191 213,699 (7,215) (52,075) (4,058) 169,542 57,837 18,351 8,882 85,070 18,537 57,727 12,778 89,042 4,765 137,233 (5,899) (2,540) 133,559 768 768 15,769 15,769 9 61,875 61,875 (9,162) (9,162) (15) (15) 2,298 2,298 82,409 137,233 (5,899) (2,540) (6,111) 205,092 54,825 15,064 3,080 72,969 16,658 55,636 10,026 82,320 360,381 (22,426) 337,955 4,435 337,333 49 341,817 1,313 105,938 415 107,666 2,327 2,327 1,375 1,375 160 1,555 190 82 11 1,998 343,654 (49,196) 294,458 131,350 483,557 2,312 617,219 2,880 84,832 407 88,119 2,533 2,533 16 1,369 1,385 207 3,741 154 56 4,158 130 2006 131
6 (a) 2006 12 31 218,191 1,149,465 80 13 1,367,749 250,743 202,186 23,835 476,764 188,918 255,729 174,943 619,590 368,000 8,589 376,589 146,463 2,987,155 224,876 334,860 109,769 94,623 764,128 14,826 2005 12 31 52,403 1,554,198 14 1,606,615 201,266 183,980 18,240 403,486 120,224 193,343 169,947 483,514 264,523 11,072 275,595 85,940 778,954 2,855,150 127,692 578,132 127,725 55,000 888,549 76,258 (b) 14 964,807 7 2006 2005 11(c) 43,513 22,618 8 15,240 5,470 6,300 3,184 8,294 9,542 78,817 35,344 8 2006 6846,524,000 762,070,000 84,454,000 15,240,000 9 2005 317.5% 10 2006 5 25 AA 424,106,507 A 8.868 2007 11 2351.128 A4,241,000,000543,112,000 16.23%37% 39 39 140,064,000 39140,064,000 2006 12 3155,181,00084,883,000 132 2006 133
11 11 (a) 2006 2005 (b) a 19,703 16,537 567 166 605 3,984 8 632 1,664 41(a)(vii) 5,470 178 20 157 501 1,676 14 167 146 b 781 666 83,642 104,835 3,529 2,019 2,533 2,327 c 32,965 15,836 550 904 (178) 6 4 3,061 1,389 143 1,695 1,804 833 535 33 34 1,068 871 373 254 25 100 d 22,599 19,915 (74) (163) 22,525 19,752 (c) (d) 2005 32(b) 12 2006 2005 11,480 3,623 1,141 738 12,621 4,361 (20,795) (17,041) (8) (378) (18,547) (16,222) 41(a)(x) (658) (214) (227) (3,944) (1,771) (44,166) (35,639) 789 (43,377) (35,639) (826) (723) (44,203) (36,362) 134 2006 135
13 14 153,241,0002005179,064,000 2006 2005 15 230 187 1,332 989 117,912 598 135 (176) 119,609 1,598 35 (70,413) 20,828 49,196 22,426 12,243,000200512,384,000 4,717,0002005 3,505,000 2006 2005 3.52620053.614 78,213 79,253 1.17420051.453 26,042 31,871 4.14720053.583 92,424 78,789 20052004 668 72 20062005 17 253 20062005 6 95 197,370 190,333 17.5% 200517.5% 8 2007 3 2232.2 4.147 2007 12 31 2006 2005 16 (a) 343,654 360,381 (174,112) (155,289) 2006 2005 169,542 205,092 291,082,000 334,937,000 47,236 37,676 (6,328) (14,954) 342 8 135 (173) (1,377) 623 379 8,565 (510) 2,214,684,013 2,192,078,336 13.14 15.28 10 15.63 49,196 22,426 136 2006 137
16 (b) 18 (a) 2006 2005 2006 2005 291,082,000 334,937,000 2,214,684,013 2,192,078,336 11,604,078 13,180,650 229 299 1,388 1,103 33 6 141 66 2 2 2,226,288,091 2,205,258,986 1,793 1,476 13.07 15.19 10 15.55 17 1,125,00020051,112,000 2006 12 3163,000200547,000 20062005 12 31 135,0002005127,000 2006 12 31300,0002005900,000 8.80 1994 11 3019941997 5 20 2006 12 3120052,100,00020052,700,000 9.54 2003 5 232003 2006 12 3120056,900,00020058,800,000 13.75 2003 2006 12 313,100,00020054,282,000 2,111,0002005 2,309,000 32(b) 138 2006 139
18 (a) 18 (a) 2006 12 31 19 19 15 15 15 15 15 15 (v) 707 30 51 788 15 15 278 39 2 319 267 3 51 321 15 136 151 37 37 35 35 36 36 27 27 229 1,388 33 141 2 1,793 2005 12 31 19 19 (i) 164 164 (i) 8 8 (i) 8 8 15 15 15 15 (i) 8 8 (i) 8 8 15 15 (i) 8 8 (ii) 7 7 (v) 479 479 15 15 (i) 8 8 275 39 2 316 (iii) 122 122 (ii) 7 7 (i) 63 6 27 96 15 15 37 37 36 36 (i) 17 17 (iv) 15 15 (iii) 21 21 (iii) 17 17 299 1,103 6 66 2 1,476 (i) (ii) (iii) (iv) (v) 2005 12 31 2005 5 20 2005 12 31 2006 1 1 2007 1 24 2005 140 2006 141
18 (b) 2005 19 2006 2005 394 537 130 190 1 3 18 527 746 2006 12 312005400,0002005 212,5002005 2006 1 1 1,990,700 6,403 2,503 12,122 1,104 25,012 2,037,844 1,332 432 11 1,687 3,462 481,275 1,962 184 45,321 21,076 410 49,234 599,462 (1,193,512) (57) (128) (1,532) (1,195,229) 924 (9,176) 8,252 2006 12 31 1,278,463 8,308 2,687 59,571 12,332 1,525 82,653 1,445,539 -------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- 2006 1 1 619,828 591 1,356 3,631 1,024 11,294 637,724 133 10 293 436 2,533 2,533 83,059 583 109 738 86 2,596 87,171 (10,196) (10,196) (379,831) (7) (32) (1,111) (380,981) 2006 12 31 315,393 1,167 1,465 4,470 1,120 13,072 336,687 -------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- 2006 12 31 963,070 7,141 1,222 55,101 12,332 405 69,581 1,108,852 2006 2005 2006 12 31 1,278,463 8,308 248 59,571 12,332 1,525 82,653 1,443,100 1994 2,439 2,439 193,436257,9151,500,0012,000,000 1 2 257,915322,3932,000,0012,500,000 1 1 1,278,463 8,308 2,687 59,571 12,332 1,525 82,653 1,445,539 2 3 (c) 142 2006 143
19 19 2005 1 1 1,774,192 4,086 4,251 11,921 306 1,104 19,735 1,815,595 300 8 (9) 324 623 333,584 2,564 4,055 23 862 341,088 (117,076) (247) (1,748) (99) (14) (278) (119,462) (4,369) 4,369 2005 12 31 1,990,700 6,403 2,503 12,122 1,104 25,012 2,037,844 -------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- 2005 1 1 580,766 190 1,446 3,170 956 10,024 596,552 82 (8) 136 210 2,327 2,327 104,421 414 117 403 89 1,410 106,854 (4,642) (4,642) (63,044) (13) (207) (24) (13) (276) (63,577) 2005 12 31 619,828 591 1,356 3,631 1,024 11,294 637,724 -------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- 2005 12 31 1,370,872 5,812 1,147 8,491 80 13,718 1,400,120 2005 12 31 1,990,700 6,403 64 12,122 1,104 25,012 2,035,405 1994 2,439 2,439 2006 2005 1 112 31 527 527 ---------------- ---------------- 1 1 209 104 105 105 12 31 314 209 ---------------- ---------------- 12 31 213 318 (a) 990,00020051,089,000 1994 1,990,700 6,403 2,503 12,122 1,104 25,012 2,037,844 2006 12 31 900,0002005990,000 (b) 2006 12 311,161,481,00020051,883,373,000 313,595,0002005609,791,000 2,965,000200510,628,000 (c) 2006 12 315,622,000200513,285,000 (d) 2005 12 31511,272,000 (e) 32,314,000200516,302,000 144 2006 145
20 21 (a) 2006 2005 1 1 1,383 882 a 157 501 2006 2005 12 31 1,540 1,383 50 16,251 14,762 10 50 18,150 1,835 34,401 16,597 (a) 20062005 12 31 2006 12 31157,0002005501,000 11 (b) 2006 12 31 1,645,00020051,685,000 (b) 50 21 22 2006 2005 1 1 16,597 16,696 388 47 17,583 (167) (146) 2006 2005 2006 2005 2006 2005 1 1 8,034 7,279 2,010 2,081 10,044 9,360 53 20 764 709 817 729 (12) (33) (45) 631 747 (631) (747) 12 31 34,401 16,597 12 31 8,718 8,034 2,143 2,010 10,861 10,044 --------------- --------------- --------------- --------------- --------------- --------------- 1 1 6,241 5,587 6,241 5,587 781 666 781 666 (12) (12) 12 31 7,022 6,241 7,022 6,241 --------------- --------------- --------------- --------------- --------------- --------------- 12 31 1,696 1,793 2,143 2,010 3,839 3,803 146 2006 147
23 24 2006 2005 (a) 42,251,000200542,251,000 5,362,0002005 5,362,000 4,533,00020054,533,000 167,150 167,150 a 1,217,786 1,214,099 (56,642) (56,642) (b) 7,965,00020059,606,000 (Association of Banks in Singapore) 1.6020051.602013 10 1,328,294 1,324,607 (c) 20062005 12 31 2006 12 31 44 b 296,655 296,655 (d) (a) 45,579,000200523,831,000 0.616.720050.615.95 (b) (c) 2013 10 3 2006 12 31 43 2006 148,450 28,491 (10,557) (145,905) 61,737 (37,986) 23,751 120,758 302,752 (18,264) (236,694) 640,433 (620,987) 18,351 500,728 93,172 (158,275) (209,816) 183,797 (140,789) 42,968 24 769,936 424,415 (187,096) (592,415) 885,967 (799,762) 85,070 2006 2005 2005 146,737 29,115 (138,522) (13,505) 66,158 (38,177) 27,981 95,733 263,241 (15,072) (193,640) 541,972 (616,835) 15,064 245,273 66,655 (79,395) (68,277) 282,172 (153,788) 29,924 382,211 329,810 a 52,259 52,259 487,743 359,011 (232,989) (275,422) 890,302 (808,800) 72,969 434,470 382,069 b 42,294 21,417 476,764 403,486 599,452 585,916 148 2006 149
25 25 (d) 2006 2005 569,386 469,265 a 31,522 87 600,908 469,352 b 18,682 14,162 619,590 483,514 219,189 219,189 c 137,601 119,761 198,458 476,551 417,647 2006 1,645,486 (1,470,543) 70,561 (57,783) 12,778 485,024 (211,279) 676,192 (614,745) 57,727 196,682 (57,968) 41,686 (23,149) 18,537 2,327,192 (1,739,790) 788,439 (695,677) 89,042 2005 1,308,398 (1,138,451) 49,810 (39,784) 10,026 342,299 (130,913) 613,112 (554,699) 55,636 151,756 (45,781) 31,242 (14,584) 16,658 1,802,453 (1,315,145) 694,164 (609,067) 82,320 c 1,062,718 137,997 (e) 20062005 12 31 2006 12 31 45 (a) 2006 631,435,0002005 10% (b) 12,535,00020058,214,00010 220052 6,147,00020055,948,000 0.520050.52008 4 24 (c) 10 868,915,000 150 2006 151
26 27 2006 2005 1 1 275,595 303,811 80 702 11,962 34,568 (78,892) 88,952 15,406 2006 2005 30 1,866 (364) (60) 1,442 1,704 (421) 1,283 12 31 376,589 275,595 b 8,589 11,072 c 368,000 264,523 376,589 275,595 3,453 (453) (11) 2,989 4,187 (692) 3,495 257 (5) 252 3,453 (453) (11) 2,989 4,444 (697) 3,747 5,319 (817) (71) 4,431 6,148 (1,118) 5,030 2006 12 31 19200519 32005 3 (a) (b) 20062005 12 31 52,617,000200549,936,000 2006 12 31 8,097,00020058,177,000 7,00020059,000 (c) 152 2006 153
28 30 2006 2005 a 579 725 b 4,362 2,007 10 55,181 579 59,543 725 2,007 (4,362) (2,007) 579 55,181 725 2006 2005 10 55,181 2006 2005 2006 2005 a 19,927 40,717 b c 24,375 25,224 b 185 268 44,487 66,209 (4,477) (3,056) 40,010 63,153 15,731 12,706 396 374 d 36,459 27 1,442 1,283 b e 191,020 227,338 30,072 7,071 845 70 9,070 133,629 84,283 191,416 227,712 (a) 30 90 (a) 100,000,0002005100,000,0003.884.90 20053.884.90 (b) 200,000,0002005200,000,000 1.051.1620051.051.16 29 3,553,00020052,336,000 2006 2005 30 18,573 31,132 31 60 15,764 25,869 61 90 3,825 5,340 90 1,848 812 40,010 63,153 154 2006 155
30 31 (b) (c) (d) (e) 30 90 21,779,000 60200522,522,00020,115,000 60 2006 12 31 136,889,0002005126,400,000 213,0002005849,000 2006 2005 2006 2005 39,774 3,638 a b 2,935 3,360 a 36 437 a b 30,024 16,766 a 14 (f) 2006 2005 2006 2005 82,352 68,524 181,482 226,030 38,227 12,218 11,902 2,460 9,331 1,369 429 764 219 77 719 317 384 236 72,783 24,201 62,083 29,059 1,072 627 c 34,909 36 1,488 20 18 20 18 a 41,912 99,384 270 350 1,175 172,728 53,628 43,004 100,029 133,629 84,283 191,416 227,712 (g) (a) (b) 2,935,00020053,360,000 30,024,000200516,766,00041(a)(ix) (c) 156 2006 157
31 32 (d) 2006 2005 30 1,192 6,179 31 60 15,347 312 61 90 45,155 17,670 90 11,089 40 2006 2005 3,000,000,0000.10 38,462 38,462 2,228,684,29820052,198,966,2980.10 28,583 28,200 72,783 24,201 (a) (e) (f) 36,049,0002005871,000 2006 1 1 2,198,966,298 28,200 b 29,718,000 383 2006 2005 2006 2005 159,593 43,621 19,647 93,222 9,003 6,725 19,807 169 3,956 3,276 3,550 6,638 176 6 172,728 53,628 43,004 100,029 2006 12 31 2,228,684,298 28,583 2005 1 1 2,183,630,298 28,003 b 15,336,000 197 2005 12 31 2,198,966,298 28,200 (b) 1994 (g) 2003 5 23200319942003 5 23 1994 1994 158 2006 159
32 (b) 2005 12 52003 2003 20032003 1.00 20062005 12 31 2006 12 31 2006 2006 1 1 12 31 (ii) 8.80 900,000 (600,000) 300,000 (iii) 9.54 2,700,000 (600,000) 2,100,000 (iv) 13.75 8,800,000 (1,900,000) 6,900,000 (ii) 8.80 254,000 (232,000) 22,000 (iii) 9.54 6,794,000 (2,816,000) 3,978,000 (iv) 13.75 31,044,000 (10,826,000) (20,000) 20,198,000 32 (b) 2005 12 31 2005 2005 1 1 12 31 v (ii) 8.80 1,800,000 (900,000) 900,000 (iii) 9.54 9,776,000 (2,882,000) (4,194,000) 2,700,000 (iv) 13.75 18,000,000 (500,000) (8,700,000) 8,800,000 (ii) 8.80 902,000 (648,000) 254,000 (iii) 9.54 9,394,000 (2,600,000) 6,794,000 (iv) 13.75 35,990,000 (4,146,000) (800,000) 31,044,000 (iii) 9.54 1,320,000 (2,410,000) 4,194,000 3,104,000 (iv) 13.75 9,750,000 (1,250,000) 9,500,000 18,000,000 86,932,000 (15,336,000) 71,596,000 (iii) 9.54 3,104,000 (2,104,000) 1,000,000 (iv) 13.75 18,000,000 (10,640,000) 7,360,000 71,596,000 (29,718,000) (20,000) 41,858,000 (i) (ii) 20062005 12 31 1994 1997 5 202007 5 19 20% (iii) (iv) (v) 2003 10 282003 11 62003 9.54 2003 2003 10 282003 11 6 2004 11 252004 12 162003 13.75 2003 2004 11 252004 12 16 2005 12 31 2005 12 31 2005 7 29 160 2006 161
32 (b) (vi) 29,718,000200515,336,00013,000200520,000 2006 2005 383 197 48,702 21,626 49,085 21,823 33 2006 1 1 623,822 414,214 166,999 1,205,035 48,715 48,715 (13) (13) 153,241 153,241 2005 (79,457) (79,457) 2006 (78,230) (78,230) 2006 (26,048) (26,048) (vii) 2006 12 31 672,524 414,214 136,505 1,223,243 2006 2005 672,524 414,214 44,081 1,130,819 2006 92,424 92,424 2007 5 20 8.80 322,000 1,154,000 2013 10 282013 11 6 9.54 7,078,000 12,598,000 2014 11 252014 12 16 13.75 34,458,000 57,844,000 41,858,000 71,596,000 (viii) 2006 2005 1 1 12.93 71,596,000 12.60 86,932,000 12.97 (29,718,000) 11.08 (15,336,000) 13.75 (20,000) 2006 12 31 672,524 414,214 136,505 1,223,243 2005 1 1 602,196 414,214 168,590 1,185,000 21,646 21,646 (20) (20) 179,064 179,064 2004 (69,183) (69,183) 2005 (79,506) (79,506) 2005 (31,966) (31,966) 2005 12 31 623,822 414,214 166,999 1,205,035 623,822 414,214 88,210 1,126,246 2005 78,789 78,789 2005 12 31 623,822 414,214 166,999 1,205,035 12 31 13.00 41,858,000 12.93 71,596,000 17.31200515.73 1981 162 2006 163
34 34 (b) 2006 2005 500 345,618 520,853 487,557 521,353 833,175 (2,421) (84,558) 2006 2005 c d 2,421 81,700 189,840 76,089 30,927 377,096 8,452 518,932 748,617 231,640 534,885 (a) 2006 2005 ---------------- ---------------- 289,713 290,728 ---------------- ---------------- f 2,858 3,078 1,626 221,395 534,885 7,562 7,562 ---------------- ---------------- 521,353 833,175 221,395 542,447 ---------------- ---------------- 10,245 e 289,713 290,728 299,958 290,728 ---------------- ---------------- 521,353 833,175 (c) (d) 2006 12 31500,00020051,000,000 2005 12 31344,618,000 2006 12 31 2006 8 2006 12 3116,648,000 164 2006 165
34 (e) 2006 12 31 34 (g) 2006 2005 300,000 300,000 (1,899) (1,899) (1,800) (1,800) 1 1 5 5 2006 12 31 176,829 46,359 298,165 521,353 (200,000) (200,000) 176,829 46,359 98,165 321,353 296,301 296,301 743 529 704 501 2005 12 31 539,345 3,102 290,728 833,175 (200,000) (200,000) 297,748 297,331 (8,035) (6,603) 539,345 3,102 90,728 633,175 289,713 290,728 (h) 2003 10 3300,000,0005.96 99.367%5.8751,899,000 2003 10 32004 4 34 310 3 2013 10 3 2006 2005 464,622 830,326 56,731 2,849 521,353 833,175 (f) 2005 12 317,562,0002000 7 732 1.1252006 12 31 2006 2005 6.2% 5.8% 5.1% 5.3% 6.0% 6.0% 5.7% 166 2006 167
34 (i) 35 2006 2005 2006 2005 229,219 453,185 231,719 444,718 289,713 290,728 307,662 311,518 4,704 4,578 518,932 748,617 539,381 760,814 2006 2005 1 1 72,453 51,625 13 (70,413) 20,828 12 31 2,040 72,453 5.420055.2 (j) 2006 12 31 2006 12 31 4,286,00020055,198,000 2,555,0002005 2,561,000 2006 2005 40,000 300,000 20,000 40,000 320,000 2006 12 3158,750,000200536,617,000 195,833,0002005122,055,000 (a) 2006 2005 1 1 125,263 112,501 (121,023) 12,762 12 31 4,240 125,263 168 2006 169
35 (b) 36 2006 2005 2006 2005 2006 2005 1 1 48,064 54,668 4,746 6,208 52,810 60,876 (47,876) (6,604) (2,734) (1,462) (50,610) (8,066) 2006 2005 6,695 31 (1,488) 5,207 12 31 188 48,064 2,012 4,746 2,200 52,810 8 7,439,0002006 12 31 744,00020056,695,0002005 2006 2005 37 2006 12 31 162 246 2,202 72,699 2006 2005 12 115 246 12 2,188 72,636 2006 2005 2006 2005 34(e) 300,000 300,000 175,000 541,379 25,304 21,920 25,304 21,920 475,000 841,379 20062005 12 31 170 2006 171
38 2006 12 31 2006 2005 474,592 317,558 2,448 5,600 946 1,074 1,264 479,250 324,232 39,346 8,331 727,118 711,844 27,729 6,240 794,193 726,415 20,320 7,316 32,221 8,318 2006 12 31 52,541 15,634 2006 2005 77,817 104,020 Antwerp Gateway NV 86,294 81,091 91,546 88,392 165,902 293,096 64,410 44,197 485,969 610,796 ---------------- ---------------- 138,307 51,225 49,565 47,500 47,500 4,117 3,983 241,149 101,048 ---------------- ---------------- 727,118 711,844 39 (a) 2006 12 31 2006 2005 156,681 210,896 462,665 508,750 280,864 183,278 900,210 902,924 ---------------- ---------------- 1,468 1,053 3,130 2,708 4,598 3,761 ---------------- ---------------- 34 29 22 16 56 45 ---------------- ---------------- 904,864 906,730 (b) 2006 12 31 2006 2005 3,021 2,534 3,839 5,177 4,269 4,465 11,129 12,176 ---------------- ---------------- 322 390 97 328 (c) 20062005 12 31 419 718 ---------------- ---------------- 11,548 12,894 172 2006 173
40 (a) 40 (b) 2006 2005 343,654 360,381 88,119 107,666 39,219 33,641 (605) (3,984) 140,064 (84,883) 214 227 3,944 1,771 826 723 2,533 2,327 3,061 1,389 143 (85,086) (1,664) (476) (768) (19,227) (15,769) (14) (5,470) (178) (61,875) (157) (501) (1,676) (14) (12,621) (4,361) (85,070) (72,969) (89,042) (82,320) 2006 1 1 652,022 835,653 10,395 1,213 514 49,085 (1,550) 517,103 214 3,944 (889,986) (1,432) (2,774) 3,376 9,800 14,256 66,439 2006 12 31 701,107 531,598 35,567 237,464 263,708 (784) 14 1,521 1,578 (36,459) 30,954 15,453 22,071 (7,698) 21,820 (10,681) 849 (2,664) 83 (186) (775) 308 (1,724) 9,523 34,909 (80) 239 14 774 (67) 310,637 269,527 174 2006 175
40 (b) 40 (c) 2005 1 1 630,199 649,089 9,441 53 148 21,823 (1,618) 321,119 227 1,771 (128,385) (6,603) (2,212) 3,018 (i) 2006 12 3115,834,000200582,745,000 2006 2005 2006 2005 163,929 145,711 96,053 68,169 15,378 17,944 31,630 11,733 27,270 9,113 13,731 3,927 3,420 224,668 179,315 126,743 77,282 2005 12 31 652,022 835,653 10,395 (ii) 2005 12 31 21,819,000 (c) (iii) 4.6420053.839200511 2006 2005 41 2006 12 3151.34% i 224,668 179,315 ii (158) (21,978) 24 224,510 157,337 160,561 94,688 63,949 62,649 224,510 157,337 176 2006 177
41 (a) 41 (a) 2006 2005 (i) 2006 12 31 2005 i 136,889 126,400 213 849 i 1,041 2,110 ii 7,234 6,346 iii 3,441 2,571 859 613 2,000 iv 3,980 1,940 v (507) (174) (1,620) (1,778) vi (1,100) (1,100) vii 6,252 viii 1,558 ix (156,299) (105,758) (40,375) (36,831) x 54,436 (ii) (iii) (iv) (v) (vi) (vii) 20,000,0002,575,000 200520,000,0002,571,000 2006 12 31 1,100,00020051,100,000 2006 7 176,252,000 20% 5,470,000 (viii) 2005 5 31 12,100,0001,558,000 (ix) (x) 2006 12 31 171,082,00021,713,000 9,800,000 5.2652006 4 305.022 2006 11 2006 8 246,852,00031,015,000 14,256,000 2006 12 311,050,000 178 2006 179
41 (b) 42 2006 2005 43 2006 12 31 15,384 17,946 96,084 101,682 2006 2005 57,232 1,372 174,409 173,980 10,245 2,478 2 Allgood International Limited 1 100.00% 100.00% 1 1, 2 Bauhinia 97 Ltd. 2 100.00% 100.00% 1 (c) 2006 2005 5,682 5,005 10,000 75.00% 75.00% 10 1, 2 1 100.00% 100.00% 1 2 100.00% 100.00% 1 1, 2, 3 37,496,000 100.00% 100.00% (d) 1 COSCO Pacific Finance 1 100.00% 100.00% (2003) Company Limited 1 2006 2005 1, 2 1 100.00% 100.00% 1 2,641 2,508 6 6 2,647 2,514 1 2 100.00% 100.00% 1 1, 2 COSCO Pacific Nominees 1 100.00% 100.00% Limited 1 2 COSCO Ports (Antwerp) NV 61,500 100.00% 100.00% 2 180 2006 181
43 43 2006 2005 2006 2005 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 1 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 7 1 100.00% 1 2 1 100.00% 100.00% 1 2 1 100.00% 100.00% 2 1 100.00% 1 2 1 100.00% 1 2 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 1 2 1 100.00% 100.00% 2 COSCO Ports (Port Said) 1 100.00% 100.00% 1 Limited 1 1 CPL Treasury Limited 1 100.00% 100.00% 2 1 100.00% 1 1 1 Crestway International 50,000 100.00% 100.00% 2 COSCO Ports (Services) 1 100.00% Limited 1 Limited 1 1, 2 Elegance Investment Limited 1 100.00% 100.00% 2 1 100.00% 100.00% 1 2 1 100.00% 100.00% 1 1 5,000 100.00% 100.00% 100 182 2006 183
43 43 2006 2005 2006 2005 2 Famous International Limited 1 100.00% 100.00% 1 2, 6 Florens Container, Inc. (2004) 1 100.00% 100.00% 1 2,3,4,5 Florens (China) Company 12,800,000 100.00% Limited 2, 6 Florens Container, Inc. (2005) 1 100.00% 100.00% 1 2 Fentalic Limited 1 100.00% 100.00% 1 2 Florens Container Services 100 100.00% 100.00% (Australia) Pty Limited 1 1 100.00% 100.00% 100,000 Florens Container 100 100.00% 100.00% Corporation S.A. 100 1 22,014 100.00% 100.00% 1 Florens Container Inc. 1 100.00% 100.00% 1 2, 6 Florens Container, Inc. (1998) 100 100.00% 100.00% 1 2, 6 Florens Container Inc. (1999) 100 100.00% 100.00% 1 100 100.00% 100.00% 1 2 Florens Container Services 2 100.00% 100.00% (Deutschland) GmbH. 12,782.30 2 Florens Container Services 20,000 100.00% 100.00% (Italy) S.R.L. 0.52 2 Florens Container Services 200 100.00% 100.00% (Japan) Co. Ltd. 50,000 2 Florens Container Services 183,610 100.00% 100.00% (UK) Limited 1 Florens Container Services 1,000 100.00% 100.00% (USA), Ltd. 0.001 2, 6 Florens Container, Inc. (2000) 100 100.00% 100.00% 1 2, 6 Florens Container, Inc. (2001) 1 100.00% 100.00% 1 Florens Container, Inc. (2002) 1 100.00% 100.00% 1 2, 6 Florens Container, Inc. (2003) 1 100.00% 100.00% 1 184 2006 185
43 43 2006 2005 2006 2005 1, 2 Florens Industrial Holdings 12,000 100.00% 100.00% Limited 1 Win Hanverky Investments 10,000 100.00% 100.00% Limited 10 1 100.00% 100.00% 100,000 Florens Maritime Limited 12,000 100.00% 1 Florens Shipping Corporation 12,000 100.00% 100.00% Limited 1 2 Florens U.S. Holdings, Inc. 1 100.00% 100.00% 1 2, 3, 5 71.43% 397,395,746 2 Yeman Limited 1 100.00% 1 2, 3 16,800,000 51.00% 51.00% 1 2 2 Fota Limited 12,000 100.00% 1 3 Florens (China) Company Limited 2 Frosti International Limited 2 100.00% 100.00% 1 250,000 100.00% 100.00% 1 4 2006 12 31 5 2006 12 31 6 2006 7 1 1, 2 1 100.00% 100.00% 1 7 2006 833.9% 1 100.00% 100.00% 1 2 Plangreat Limited 100 100.00% 100.00% 1 1, 2 Topview Investment Limited 1 100.00% 100.00% 1 186 2006 187
44 2006 12 31 44 2006 2005 210 50.00%/ 50.00%/ A 50.00%/ 50.00%/ 210 50.00% 50.00% B 410 5% 49.00%/ 49.00%/ 1,582,029,851 44.40%/ 44.40%/ 49.00% 49.00% 48,900,000 49.00%/ 49.00%/ 50.00%/ 50.00%/ 49.00% 49.00% 10,000 66.10% 66.70% 66.10% 20.00%/ 20.00%/ 474,000,000 22.20%/ 22.20%/ 20.00% 20.00% 2006 2005 9,480,000 20.00%/ 20.00%/ 20.00% 31,000,000 20.00%/ 20.00%/ 21.40%/ 21.40%/ 20.00% 20.00% 16,682,000 22.50%/ 22.50%/ 20.00%/ 20.00%/ 22.50% 22.50% 29,800,000 55.59%/ 55.59%/ 50.00%/ 50.00%/ 55.59% 55.59% 8,000,000 50.00%/ 50.00%/ 57.14%/ 57.14%/ 50.00% 50.00% 2006 12 20.00%/ 390,000,000 20.00%/ 20.00% 50.00%/ 50.00%/ 337,868,700 50.00%/ 50.00%/ 50.00% 50.00% 199,962,500 20.00%/ 20.00%/ 18.18%/ 18.18%/ 20.00% 20.00% 188 2006 189
45 2006 12 31 2006 2005 Antwerp Gateway NV 14,000,000 20.00% 20.00% 2,218,663,376 16.23% 16.23% 360,143,203 666,453,082A 1,192,067,091B 1 160,000,000 30.00% 30.00% 240,000,000 20.00% 20.00% Dawning Company Limited 2001 20.00% 20.00% A800 1B 12 31 2006 2005 2004 2003 2002 253,960 295,648 275,296 257,495 241,644 169,542 205,092 133,421 109,341 91,916 85,070 72,969 66,366 36,891 42,575 89,042 82,320 27,324 22,813 20,680 343,654 360,381 227,111 169,045 155,171 (49,196) (22,426) (18,021) (12,502) (10,929) 294,458 337,955 209,090 156,543 144,242 291,082 334,937 206,646 154,685 142,543 3,376 3,018 2,444 1,858 1,699 294,458 337,955 209,090 156,543 144,242 197,370 190,333 117,662 87,568 79,904 13.14 15.28 9.57 7.20 6.64 8.85 8.65 5.40 4.08 3.72 435,000,000 20.00% 20.00% 0.5 1,900,000,000 30.00% 20.00% 12 31 2006 2005 2004 2003 2002 2,987,155 2,855,150 2,243,072 1,903,292 1,746,469 (778,954) (964,807) (757,444) (570,458) (482,435) 2,208,201 1,890,343 1,485,628 1,332,834 1,264,034 1 2006 12 31 2006 12 31106 108 2 1994 7 261981 190 2006 191
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 167.9 202.1 205.1 3.6 4.2 4.6 12.0 10.8 10.9 183.5 217.1 220.6 192.6 234.8 237.3 (52.1) (66.8) (70.6) 140.5 168.0 166.7 (27.9) (41.7) (37.1) 11.1 3.1 5.1 123.7 129.4 134.7 85.9 81.1 83.7 121.5 126.7 128.8 38.7 39.9 40.4 82.4 85.2 80.4 1.2 2.0 1.7 1.0 9.2 9.7 (0.3) (6.2) (0.5) (1.5) (3.4) (2.9) 121.5 126.7 128.8 1,434.4 1,549.7 1,631.3 666.4 683.6 631.6 768.0 866.1 999.7 600.0 634.3 560.8 38.4 87.6 252.3 561.6 546.7 308.5 0.37 0.42 0.46 6.02 6.18 6.11 2.12 2.30 2.34 2.919 3.292 3.645 12 31 0.808 0.413 0.827 6.300 3.225 6.450 12 31 13.4 6.7 13.5 % 35.3 37.2 38.3 % 10.2 8.5 8.1 % 17.7 15.5 13.8 % 17.8 15.6 13.9 % 73.1 63.1 30.9 5.4 4.1 4.6 2,051.8 2,051.8 2,139.2 2,019.1 2,051.8 2,109.5 12 31 1,657.2 848.4 1,769.0 202.1 209.4 225.0 239.7 257.0 276.3 225.5 5.3 5.7 7.8 9.0 11.1 12.5 20.9 10.5 9.6 8.8 8.8 7.2 6.8 7.6 217.9 224.7 241.6 257.5 275.3 295.6 254.0 245.6 258.8 254.6 274.1 351.1 499.3 462.6 (74.8) (81.0) (87.7) (95.5) (102.5) (107.7) (88.1) 170.8 177.8 166.9 178.6 248.6 391.6 374.5 (38.1) (24.0) (15.5) (11.9) (24.8) (35.6) (43.4) 12.2 5.2 3.8 2.3 3.3 4.4 12.6 144.9 159.0 155.2 169.0 227.1 360.4 343.7 81.8 99.0 91.9 109.3 133.4 205.1 169.5 140.0 154.5 142.5 154.7 206.6 334.9 291.1 47.7 44.3 58.4 68.3 89.4 150.0 90.5 72.5 81.1 76.1 80.7 103.2 115.7 166.4 6.7 9.2 11.1 2.7 5.0 5.2 5.6 3.0 56.2 14.5 2 13.5 24.3 7.0 7.8 9.9 10.7 13.3 6.4 2.9 (0.8) (2.1) 0.5 2.3 5.0 (2.8) (3.1) (3.4) (5.6) (6.1) (9.2) (9.7) 140.0 154.5 142.5 154.7 206.6 334.9 291.1 1,558.9 1,731.9 1,746.4 1,903.3 2,243.0 2,855.1 2,987.2 470.9 544.3 482.4 570.5 757.4 964.8 779.0 1,088.0 1,187.6 1,264.0 1,332.8 1,485.6 1,890.3 2,208.2 423.6 509.5 420.7 478.3 653.3 835.6 531.6 145.6 254.1 236.1 283.8 100.6 179.3 224.7 278.0 255.4 184.6 194.5 552.7 656.3 306.9 0.50 0.55 0.58 0.61 0.67 0.85 0.97 6.55 7.21 6.64 7.20 9.57 15.28 13.14 2.46 3.01 3.72 4.08 5.40 8.65 8.85 3.967 4.324 4.592 4.839 5.307 6.666 7.704 0.776 0.516 0.821 1.327 2.064 1.830 2.349 6.050 4.025 6.400 10.350 16.100 14.200 18.260 11.9 7.2 12.4 18.4 21.7 11.9 17.9 37.6 41.7 56.0 56.6 56.4 56.6 56.6 1 8.8 9.4 8.2 8.5 10.0 13.1 10.0 13.4 13.6 11.6 11.9 14.7 19.8 14.2 13.5 13.7 11.8 12.1 14.7 20.0 14.4 25.6 21.5 14.6 14.6 37.2 34.7 13.9 4.8 7.6 11.0 15.2 10.1 11.1 8.8 2,139.2 2,142.5 2,147.0 2,148.5 2,183.6 2,199.0 2,228.7 2,139.2 2,141.2 2,146.2 2,147.3 2,160.0 2,192.1 2,214.7 1,659.3 1,105.6 1,761.7 2,851.0 4,507.2 4,024.2 5,234.1 1 2006 2 192 2006 193
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 167.9 202.1 205.1 138.6 149.0 142.6 17.5 29.0 32.0 7.6 19.9 27.2 469,951 505,954 500,899 335,117 340,344 311,047 134,834 165,610 189,852 % 71.3 67.3 62.1 % 28.7 32.7 37.9 % 432,734 463,200 456,490 28,889 30,325 30,757 8,328 12,429 13,652 % 92.1 91.5 91.2 % 6.1 6.0 6.1 % 1.8 2.5 2.7 348.3 127.9 57.7 126,706 58,009 40,094 1,421 18,740 40,319 3.6 4.0 4.1 % 97.5 97.0 96.5 % 85.0 80.0 80.0 86 150 175 1,302,409 1,206,572 1,220,002 638,396 1,038,074 1,588,089 1,766,590 2,027,188 2,593,995 119,384 105,051 113,114 300,332 350,126 401,029 4,127,111 4,727,011 5,916,229 8,850 11,088 16,914 38,993 37,948 202.1 209.4 225.0 239.7 257.0 276.3 225.5 136.8 136.0 136.1 130.6 120.8 126.4 136.9 35.7 40.4 49.1 64.9 88.0 104.3 60.9 27.9 31.9 39.2 43.6 47.1 43.8 21.8 527,982 610,019 707,890 808,825 919,128 1,042,852 1,250,609 303,978 327,370 329,028 310,444 327,845 377,324 456,877 224,004 282,649 373,644 481,701 567,644 630,925 163,851 5,218 16,680 23,639 34,603 629,881 57.6 53.7 46.5 38.4 35.7 36.2 36.5 42.4 46.3 52.8 59.5 61.7 60.5 13.1 0.7 2.1 2.6 3.3 50.4 482,516 561,419 657,466 758,783 870,789 993,988 1,198,770 31,880 35,078 36,962 37,400 36,639 38,020 41,456 13,586 13,522 13,462 12,642 11,700 10,844 10,383 91.4 92.0 92.9 93.8 94.7 95.3 95.9 6.0 5.8 5.2 4.6 4.0 3.6 3.3 2.6 2.2 1.9 1.6 1.3 1.1 0.8 116.3 165.0 153.7 195.6 270.9 333.6 480.6 69,060 96,953 119,466 142,218 155,526 168,592 268,236 34,087 12,151 15,710 23,619 39,488 26,838 47,624 4.2 4.3 4.4 4.3 4.3 4.3 4.0 95.1 91.4 93.4 95.2 97.0 95.5 96.2 83.0 75.0 83.0 89.0 92.0 90.9 91.8 155 155 176 202 218 256 270 1,412,854 1,301,966 1,526,074 1,513,559 1,697,212 1,841,193 1,688,697 2,147,476 2,751,885 4,181,478 5,258,106 6,259,515 7,355,459 8,470,919 241,272 1,765,586 2,339,479 2,471,840 2,650,007 2,950,500 2,609,800 3,049,080 3,400,963 3,650,319 3,646,732 3,703,460 136,778 161,208 202,348 247,306 328,199 377,121 455,946 118,079 157,123 222,912 178,686 700,098 1,332,746 4,532,769 5,443,086 6,770,003 502,119 600,329 454,528 244,159 385,856 605,791 744,276 1,326,463 1,644,409 2,172,252 2,467,465 2,885,276 132,984 421,068 393,097 633,573 837,574 87,462 1,773,141 95,830 571,863 611,013 627,894 70,084 599,170 7,149,727 7,425,188 10,739,971 15,502,664 22,448,640 26,079,612 32,791,713 1,304,500 1,564,100 24,503 25,642 33,582 35,398 40,320 48,645 47,798 61,000 33,382 79,506 98,306 133,968 101,077 141,759 194 2006 195
2 1 1 2 1 1 2 1 1 1 3 3 3 3 1 2 3 Clarendon House Church Street Hamilton HM11 Bermuda 22 The Bank of Bermuda Limited 6 Front Street Hamilton HM11 Bermuda 28 26 1199 1199 HK 1199. HK 183 49 (852) 2809 8188 (852) 2907 6088 www.coscopac.com.hk 196