03
2 3 4 6 9 14 28 37 68 69 81 83 84 86 87 88 90 92 208 01
100% 52% 12432.2 40 120 66 16 9 55 291 70 84 20 2,600 1,042,852 11% 16.23% 50% 02
03 158 12 100031 183 49 CEO ** * ** * ** H 183 17 1712-1716 http://www.chinacosco.com
Cargonews China 410,000 Forbes 2,000 20% (CIFFA) 1919.HK QDII 9 200 11 21 20% 04
Lloyd s List INFORMA (CKYH) 8,204COSCO CHINA 10% (Suez Canal Container Terminal S.A.E.) 20% 2005CCTV 05
39,165,710 32,188,669 21.7% 7,054,873 5,045,716 39.8% 7,450,250 5,243,300 42.1% 5,450,805 4,157,960 31.1% 1.06171 1.01414 4.7% 0.13 29.8% 51,675,654 44,249,567 16.8% 25,730,562 30,847,045-16.6% 7,508,740 5,953,318 26.1% 18,436,352 7,449,204 147.5% 32.9% 96.6% 21.9% 20.0% 06
08
39,165,710,000 5,450,805,000 21.7% 31.1% 4,534,610 31,959,809,000 19.7% 17.0% 26,079,612 16.2% 1,042,852 0.1329.8% 09
CKYH CKYH CKYH 010
49.17,580 8.0% 12.2% 011
012
39,165,710,000 21.7% 7,450,250,00042.1% 5,450,805,000 31.1% 4,534,610 19.7% 31.7% 25.1% 31,959,809,00017.0% 24.5% 29.2% 014
1,183,899 1,000,360 18.3 1,002,561 761,013 31.7 * 1,392,828 1,214,578 14.7 240,873 241,369-0.2 714,449 571,132 25.1 4,534,610 3,788,452 19.7 * 12,527,188 10,680,016 17.3 9,154,183 7,354,971 24.5 5,935,908 5,352,822 10.9 2,573,389 2,270,638 13.3 1,480,948 1,146,609 29.2 31,671,616 26,805,056 18.2 288,193 514,787-44.0 31,959,809 27,319,843 17.0 015
CKYH 116.2 9 39,240 124322,414 8% 14% 23 180,000 11 79,733 8 10,000 10,000 016
IRIS-2 IRIS-2 16 017
16.2%26,079,612 16.1% 25.2%9,370,361 6.1%6,831,502 15.6%9,196,652 681,097 19.1% 6.8%611,013 (Antwerp Gateway NV) 30 100 018
(%) 2005 2004 + - (%) 9,196,652* 7,956,727* +15.6 50 1,841,193 1,697,212 +8.5 4.45-5 7,355,459 6,259,515 +17.5 6,831,502 6,436,076 +6.1 10 3,646,732 3,650,319-0.1 20 2,471,840 2,339,479 +5.7 51 377,121 328,199 +14.9 55.59 157,123 118,079 +33.1 20 178,686 9,370,361 7,483,974 +25.2 20 5,443,086 4,532,769 +20.1 50 605,791 385,856 +57.0 8 2,467,465 2,172,252 +13.6 20 132,984 50 633,573 393,097 +61.2 14 87,462 681,097 571,863 +19.1 49 611,013 571,863 +6.8 20 70,084 26,079,612 22,448,640 +16.2 * 019
17.5% 59% 4 10% 20% 10.9% 10.1% 218 25613.5% 1,042,852 6.4%2,262,976,000 122 020
8,202,784,000 39.1% 49% 16.23% 455,645,000 39,165,710,000 32,188,669,000 6,977,041,00021.7% (I) 16.23% 20.0%20.0% 22.5% 480,886,000 4,639,966,00017.0% 31,959,809,000 021
022 19.7% (II) 2.7% 158,351,000 14.9% 13.1% 102,340,000 90,498,00013.1% (III) 665,528 591,283 8.8% 3.6% 6.4% 2,262,976,000 (IV) 2,304,396,00039.1% 8,202,784,000 25,752,985,0004,838,065,00018.8% 30,591,050,000 (I) 23,335,778,000 20,284,178,00015.0% 12,814,112,000 3.7% 6,437,517,000 4,347,640,000 48.1%
61.6% 21.6% (III) 857,620,000 862,861,000 5,241,000 4,084,149,000 3,582,260,000 501,889,00014.0% 39.4% 6,306,353,000 (II) 91,299,000 13.4% 179,427,000 286,910,000 107,483,000 37.5% 145,149,000 36,374,000 023
024 171,628,000 126,037,000 173,277,000 1,026,456,000 477,372,000 86.9% 512,117,000 1,861,681,000 620,512,000 33.3% 2,482,193,000 243,477,000 120,804,000 33.2% 639,760,000228,633,000 868,393,000 35.7% 601,852,000 560,731,000 7.3% 173,835,00036.3% 7% 123,373,000 661,918,000 276,613,000 139.3% 455,645,000 Antwerp Gateway NV 10,684,000 285,757,000 651,319,000
025 15% 6,152,317,000 5,437,803,000 714,514,000 7,894,012,000 1,326,953,000 7,615,297,000 5,820,152,000 2,874,478,000 649,536,000 841,680,000 4,811,772,000 2,244,000,000 1.00H 2,040,000,000 204,000,0004.25 8,817,797,000 8,147,375,000 4,894,532,000 3,252,843,00066.5% 2,159,856,000
51,675,654,000 44,249,567,000 7,426,087,000 25,730,562,000 30,847,045,000 18,436,352,000 7,449,204,000 10,987,148,000 3.001.82 64.8% 8,147,375,000 4,894,532,000 16,689,474,000 17,836,303,000 32.9% 96.6%10.01 10.51 14,875,047,000 14,202,241,000 10,631,675,000 11,785,188,000 52.4% 55.8% 2,123,108 2,006,761 2,196,863 3,580,099 2,246,889 1,581,925 5,359,537 4,994,548 4,763,077 5,672,970 14,566,366 15,829,542 16,689,474 17,836,303 10,631,675,000 6,057,799,000 63.7% 36.3% 026
15,780,374,000 909,100,000 94.6% 5.4% 176,899,000 32,656,000 - - 21 027
56 CEO 028
56 56 A 029
56 49 53 030
51 47 54 031
70 80 64 OBE 55 032
47 51 48 51 033
40 48 46 034
51 54 035
30 3.24 036
41 87 1,695,121,000 299,423,0001,994,544,000 037
826,096,000 [2005]571 279,422,0004.25 10% 10% 967,926,000 0.13 038
8,817,797,000 30% 30% 22 22(b) 5,680,710,000 6 7 50% 2,687,624,0001,254,261,000 189,529,000 6,040,000 25(b) 039
CEO 3.13 040
28 36 14A 1. (1) COSCO Maritime (UK) Limited (TEU) 5,446 5,446 5,446 041
(TEU) 5,446 5,446 5,446 5,446 450,416,000 042
(2) SG Almond Inc. SG Gondola Inc. SG Pacmar Inc.River Aquamarine Maritime Inc. River Nereid Maritime Inc. River Azure Maritime Inc. (TEU) 542 77 60 542 82 60 542 80 60 043
South New Shipping Inc. South Great Shipping Inc. South China Shipping Inc. COSCO Tianjin Maritime Inc. COSCO Dalian Maritime Inc. COSCO Xiamen Maritime Inc. (TEU) 5,816 144 24 5,816 144 24 5,816 144 24 158,127,000 044
(3) 259,308,000 350,000,000 045
2. (1) (2) (3) (4) (5) (6) (7) (8) (a)(b) (i) () (ii) () 046
(a) (b) (c) 047
3. 1. 460,000 450,416 2. 204,000 158,127 3. 400,000 259,308 400,000 350,000 4. 5,480,000 4,757,392 5. 365,000 262,532 6. 603,000 399,235 7. 1,320,000 750,162 8. 1,760,000 1,265,664 9. 750,000 603,433 10. 100,000 58,115 11. 90,000 75,248 048
(1) (2) (3) 14.38 4400 (1) (2) (3) (4) 049
410,000 20% 9 200 11,862 7 20% 10% Suez Canal Container Terminal S.A.E. 20% 43 050
21 XV23 336 H % % % Temasek Holdings 306,741,500 13.67 (1) (Private) Limited Temasek Capital 306,741,500 13.67 (1) (Private) Limited Seletar Investments 306,741,500 13.67 (1) Pte Ltd Singapex Investments 272,536,000 12.15 (2) Pte Ltd Discretionary trusts 275,294,000 12.27 (3) Li Ka-Shing Unity 275,294,000 12.27 (3) Trustee Company LimitedTUT1 Li Ka-Shing Unity 275,294,000 12.27 (3) Corporation Company LimitedTDT1 051
H % % % Li Ka-Shing 275,294,000 12.27 (3) Unity Trustcorp LimitedTDT2 275,294,000 12.27 (3) 275,294,000 12.27 (3) 275,294,000 12.27 (3) 275,294,000 12.27 (3) Cactus Holdings 275,294,000 12.27 (3) LimitedCactus Northpier Enterprises 137,647,000 6.13 (3) LimitedNorthpier Vember Lord Limited 137,647,000 6.13 (3) Vember Lord Yanter Services Limited 137,647,000 6.13 (3) Yanter Rhine Office Investments 137,647,000 6.13 (3) LimitedRhine Office 052
(1) 306,741,500 (a) (b) Singapex Investments Pte Ltd (Temasek Holdings (Private) Limited Temasek Capital (Private) Limited Seletar Investments Pte Ltd272,536,000 Aranda Investments (Temasek Holdings (Private) Limited Temasek Capital (Private) Limited Seletar Investments Pte Ltd34,205,500 Temasek Holdings (Private) Limited Temasek Capital (Private) Limited Seletar Investment Pte Ltd (2) (1)(a)Singapex Investments Pte Ltd137,647,000 (3) 275,294,000Vember Lord Rhine Office 137,647,000 Li Ka-Shing Unity Holdings LimitedUnity Holdings TUT1 Unity HoldingsTUT1 The Li Ka-Shing Unity TrustUT1 TUT1UT1 Unity HoldingsTDT1Li Ka-Shing Unity Discretionary TrustDT1TDT2 DT2 TDT1 TDT12UT1 Cactus Cactus Yanter Northpier Rhine Office Vember Lord DT1 DT2 TDT1 TDT2 TUT1 Cactus Yanter Northpier Rhine Office Vember Lord XV23336 053
10% 3,896,000,000 63.5% 19 6,140,000,000 2,244,000,000H 36.5% 054
3.195 9 3 9 37,400,000 H0.33% H 3.195 900,000 900,000 0.04% (1) 3.195 800,000 800,000 0.04% (1) 3.195 700,000 700,000 0.03% (1) 3.195 600,000 600,000 0.03% (1) 3.195 600,000 600,000 0.03% (1) 3.195 600,000 600,000 0.03% (1) 3.195 600,000 600,000 0.03% (1) 3.195 600,000 600,000 0.03% (1) 3.195 600,000 600,000 0.03% (1) 3.195 600,000 600,000 0.03% (1) 3.195 500,000 500,000 0.02% (1) 3.195 300,000 300,000 0.01% (1) (1) H 25% 50% 75% 100% (2) 055
(i) 8.80 1,800,000 (900,000 ) 900,000 0.04% (1), (3), (4) (2) 8.80 902,000 (648,000 ) 254,000 0.01% (1), (4) 2,702,000 (1,548,000 ) 1,154,000 (1) (a) 20% (b) 20% (2) (3) (4) 15.73 056
(ii) 9.54 1,000,000 (500,000 ) 500,000 0.02% (1), (4),(5) 13.75 1,000,000 1,000,000 0.05% (2), (4) 9.54 800,000 (400,000 ) 400,000 0.02% (1), (3), (4) 13.75 1,000,000 1,000,000 0.05% (2), (3), (4) 9.54 800,000 (400,000 ) 400,000 0.02% (1), (4), (5) 13.75 1,000,000 1,000,000 0.05% (2), (4) 9.54 800,000 (400,000 ) 400,000 0.02% (1), (3), (4) 13.75 1,000,000 1,000,000 0.05% (2), (3), (4) 9.54 800,000 (400,000 ) 400,000 0.02% (1), (4), (5) 13.75 1,000,000 1,000,000 0.05% (2), (4) 9.54 800,000 (400,000 ) 400,000 0.02% (1), (3), (4) 13.75 1,000,000 1,000,000 0.05% (2), (3), (4) 057
(ii) 9.54 800,000 (400,000 ) 400,000 0.02% (1), (3), (4) 13.75 1,000,000 1,000,000 0.05% (2), (3), (4) 9.54 800,000 (400,000 ) 400,000 0.02% (1), (4), (5) 13.75 1,000,000 1,000,000 0.05% (2), (4) 9.54 100,000 (100,000 ) (1), (3), (4), (5) 13.75 1,000,000 1,000,000 0.05% (2), (3), (4) 9.54 800,000 (400,000 ) 400,000 0.02% (1), (3), (4) 13.75 1,000,000 1,000,000 0.05% (2), (3), (4) (6) 9.54 12,990,000 (4,092,000 ) 8,898,000 0.40% 1 (1), (5) 13.75 53,740,000 (5,896,000 ) 47,844,000 2.17% 2 (2), (5) 84,230,000 (13,788,000 ) 70,442,000 058
(ii) (1) 9.54 (2) 13.75 (3) (4) (5) 15.74 (6) 059
XV352 (a) H 150,000 0.007% (b) 50,000 0.002% 1,400,000 0.13% 950,000 0.09% 1,000,000 0.09% 060
(c) 9.54 1,000,000 (500,000 ) 500,000 0.02% (1) 13.75 1,000,000 1,000,000 0.05% (1) 9.54 800,000 (400,000 ) 400,000 0.02% (1) 13.75 1,000,000 1,000,000 0.05% (1) 9.54 800,000 (400,000 ) 400,000 0.02% (1) 13.75 1,000,000 1,000,000 0.05% (1) 9.54 800,000 (400,000 ) 400,000 0.02% (1) 13.75 1,000,000 1,000,000 0.05% (1) 9.54 800,000 (400,000 ) 400,000 0.02% (1) 13.75 1,000,000 1,000,000 0.05% (1) 9.54 800,000 (400,000 ) 400,000 0.02% (1) 13.75 1,000,000 1,000,000 0.05% (1) 9.54 800,000 (400,000 ) 400,000 0.02% (1) 13.75 1,000,000 1,000,000 0.05% (1) 9.54 800,000 (400,000 ) 400,000 0.02% (1) 13.75 1,000,000 1,000,000 0.05% (1) 9.54 100,000 (100,000 ) (1) 13.75 1,000,000 1,000,000 0.05% (1) 9.54 800,000 (400,000 ) 400,000 0.02% (1) 13.75 1,000,000 1,000,000 0.05% (1) 061
(c) 0.57 1,800,000 1,800,000 0.13% (2), (3) 1.37 1,200,000 1,200,000 0.08% (2), (4) 0.57 1,800,000 1,800,000 0.13% (2), (3) 1.37 1,200,000 1,200,000 0.08% (2), (4) 0.57 1,800,000 1,800,000 0.13% (2), (3) 1.37 1,200,000 1,200,000 0.08% (2), (4) 0.2 350,000 (350,000 ) (5) 0.2 350,000 (350,000 ) (6) 0.735 700,000 (700,000 ) (7) 1.614 450,000 450,000 0.04% (8) 0.2 200,000 (200,000 ) (5) 0.2 250,000 (250,000 ) (6) 0.735 500,000 (500,000 ) (7) 1.614 300,000 300,000 0.03% (8) 0.2 250,000 (250,000 ) (5) 0.2 250,000 (250,000 ) (6) 0.735 500,000 (500,000 ) (7) 1.614 300,000 300,000 0.03% (8) 062
(c) (1) (2) (3) 0.57 (4) 1.37 (5) (6) (7) (8) XV XV78 352 063
36 064
13.22 13.22 6,796,367 382,955 (1,319,558) (2,961,925) 2,897,839 2,026,298 871,541 2,897,839 1,020,412,000 7478 065
6980 8,579 2,504,271,000 2,921,000 066
81 82 067
068
23 069
8/91 9/9 9/9 8/91 8/91 7/92 8/91 8/91 9/9 8/91 9/9 9/9 9/9 070
CEO CEO 071
3.10 1/3 3.13 072
073
(1) 074
(2) (3) 3.21 075
076
(4) (5) 077
(6) 27,277,00015,094,0002,154,000 078
852-2809 8028 86-10-6649 2295/6649 2292 investor@chinacosco.com 079
198 64% 21%15% 080
18347 1. 2. 3. 4. 5. 081
1. 10% 2. 4 H 3. 4. 5. 24 H H18317 1712 1716 6. 20 HH 7. 082
84207 083
...... 6 28,376,792 25,462,443... 7 6,828 13,880... 8 198,052 155,930... 9 148,084 171,234... 11 3,264,509 3,048,483... 12 4,068,554 3,287,705... 13 2,233,042... 14 610,057... 16 63,733 39,593... 15 30,241 38,518... 18 207,711 93,509 38,597,546 32,921,352... 19 536,896 318,409... 20 4,377,629 6,104,163... 15 10,355 10,765... 17 5,853... 18 346... 18 8,147,375 4,894,532 13,078,108 11,328,215 51,675,654 44,249,567 084
...... 21 6,140,000 4,100,000... 22 11,498,152 3,349,204... 22 798,200 18,436,352 7,449,204... 7,508,740 5,953,318 25,945,092 13,402,522...... 23 12,369,503 12,249,443... 24 9,105... 25 127,662 105,881... 17 16,199... 16 708,706 804,798 13,222,070 13,169,227... 26 7,357,719 11,673,069... 27 2,123,108 2,006,761... 23 2,196,863 3,580,099... 830,802 417,889 12,508,492 17,677,818 25,730,562 30,847,045 51,675,654 44,249,567 569,616 (6,349,603) 39,167,162 26,571,749 085
...... 6 6,219... 9 119... 10 6,868,438 6,874,776... 20 355,033... 10 10,761,230... 18 2,262,888 13,379,151 20,253,927... 21 6,140,000... 22 7,519,336... 22 798,200 14,457,536... 26 1,138,649... 10 4,411,050... 27 242,106... 4,586 5,796,391 5,796,391 20,253,927 7,582,760 14,457,536 086
5 39,165,710 32,188,669... (30,591,050) (25,752,985) 8,574,660 6,435,684... 28 179,427 286,910... 1,026,456 549,084... (2,482,193) (1,861,681)... (243,477) (364,281) 29 7,054,873 5,045,716... 30 (868,393) (639,760) 6,186,480 4,405,956...... 11 601,852 560,731... 12 661,918 276,613 7,450,250 5,243,300... 31 (651,319) (285,757) 6,798,931 4,957,543... 32 5,450,805 4,157,960... 1,348,126 799,583 6,798,931 4,957,543 33 3,893,440 3,131,392 33(e) 798,200... 34 1.06171 1.01414 34 1.05528 1.01414 087
... 7,449,204 7,449,204... 5,953,318 5,953,318 7,449,204 5,953,318 13,402,522... 3 323939... 1,016,182 923,096 1,939,278... 68,633 23,051 91,684... 7,021 6,378 13,399... 86,243 78,343 164,586... 25,664 23,313 48,977... 1,203,743 1,054,181 2,257,924 8,652,947 7,007,499 15,660,446... 64,689 59,641 124,330... 8,929 3,151 12,080... (393,559) (140,429) (533,988)... (319,941) (77,637) (397,578)... 5,450,805 1,348,126 6,798,931 5,130,864 1,270,489 6,401,353... (261,381) (237,871) (499,252)... 71,940 71,940... (10,435) 141,628 131,193... 33 (3,893,440) (3,893,440)... (745,648) (745,648)... 9,232,683 9,232,683... (414,886) (414,886)... 703 703 18,436,352 7,508,740 25,945,092 088
... 1,946,268 1,946,268... 5,285,448 5,285,448 1,946,268 5,285,448 7,231,716... (596) (596)... 8,414 8,414... 7,818 7,818... 4,157,960 799,583 4,957,543 4,165,778 799,583 4,965,361... (9,221) 274,319 265,098... 33 (3,311,700) (3,311,700)... (2,032) (2,032)... (406,732) (406,732)... 22(e) 4,658,079 4,658,079... 2,732 2,732 7,449,204 5,953,318 13,402,522 089
... 37(a) 6,238,672 5,470,868... 176,039 50,763... 21,168... (283,562) (83,828) 6,152,317 5,437,803... (5,820,152) (2,834,198)... (40,727)... (52,017) (16,568)... (375,122) (2,884,630)... (157,490) (109,422)... 476,896 1,467,688... 6,763... 264... 37(b) (13,609)... 15,596 68,836... 460... 649,536... (312,396) (349,074)... 157,325 214,788... 433,619 49,571... 262,912 495,144... 181,523... 145,149... (2,000,000)... (2,891,597)... (113,856) 7,489 (7,615,297) (5,722,002) 090
37(d)... 6,248,448 6,745,461... (6,733,031) (5,675,919)... (5,104)... (2,029)... (1,000,000)... (768,899)... (9,105) (338,788)... (237,470)... 179,901 343,628... (2,099,419) (421,810)... 3,038,628... (753,568) (406,732)... 703 2,732... (805,871) (503,359)... (34,083) (72,719)... H 9,232,683... (414,886) 4,811,772 697,620 3,348,792 413,421 4,894,532 4,495,145 (95,949) (14,034) 18 8,147,375 4,894,532 091
1 10003115812 H 1.004,100,000,000 (a) (b) 5,000,000 62,743,000 52.39%9.6% 347,285,0002,874,478,000 196,490,000 1,626,348,000 203,357,0001,683,185,000 1,428,385,000 22(e) (c) 092
1 (d) 175,988,000 H 21 40 2 (a) 1 4 093
094 2 (b) 1 2 7 8 10 16 17 21 23 24 27 28 31 32 33 36 37 38 39 39 40 2 3 12 12 12 15 21
2 (b) 2,257,924,000534,780,000 2,079,372,000 2(b)(x)/ (i) 1 1 (1) (2) (3) (ii) 16 16 095
2 (b) (iii) 17 17 (iv) 21 21 (v) 24 24 096
2 (b) (vi) 32 39 39 3239 39 (1) (2) 200,000,000 23(d) (3) 39 097
2 (b) (vii) 40 40 40 (viii) 2 2 2 098
2 (b) (ix) 3 3 3 3 3 27810232728313336 3738 12121521 099
2 (b) (x) (a) 32 39 16 39 1 17 40 3...... (6,828 ) 37,823 184,297 (167,918 ) 47,374... 6,828 (4,393 ) 2,435... 198,052 198,052... 2,704 20,886 23,590... 33,322 158,031 191,353... 2,233,042 2,233,042... (710,415 ) (710,415 )... 5,853 5,853... 9,410 9,410...... (16,197 ) (16,197 )... (5,472 ) (23,083 ) (28,555 )... 123,430 123,430... 32,351 161,214 30,134 1,681,149 (4,393 ) 178,917 2,079,372 3 323939 2,257,924,000 161721 100
2 (b) (x) (b) 32 39 39 1 16 17 21 40 3 110,059 110,059... 284,130 18,673 302,803... (72,236 ) 184,297 30,134 (289 ) 141,906... (4,104 ) (4,104 )...... (101,599 ) (4,029 ) 21,195 (84,433 )... (31,833 ) 467 (5,487 ) (36,853 )... 525 525... 133,432 (5,472 ) (23,083 ) 104,877... 32,351 161,214 30,134 284,130 15,636 (4,393 ) 15,708 534,780...... 0.63 2.83 0.31 5.53 0.16 (0.09 ) 0.16 9.53... 0.63 2.81 0.30 5.50 0.16 (0.09 ) 0.16 9.47 1 101
2 (c) 4 19 39 1 27 3 7 1 102
2 (d) 1 2(a) 103
2 (d) (i) (ii) (iii) 20% 50% (e) (i) 104
2 (e) (ii) (iii) (1) (2) (3) 105
2 (f) (i) (ii) 2512 15 2(b)(ii) (iii) : 2550 510 35 106
2 (g) (h) 2550 2(b)(vii) (i) (i) (ii) 5 5 107
2 (j) (k) (i) (1) (2) 108
2 (k) (ii) (1) 2(f) 2(x)(iii) (2) 2(x)(iii) (l) 109
2 (l) 12 (m) 2(b)(vi)(2) 12 12 110
2 (m) (n) (o) (p) 111
2 (q) (r) (s) (t) 112
2 (u) (i) (ii) (iii) 113
2 (u) (iii) 10%10% (iv) 10% 10% (v) (vi) 114
2 (u) (vii) (v) 115
2 (w) (x) (i) (ii) (iii) 116
2 (x) (iv) (v) (vi) (vii) (viii) (y) (z) 117
2 (aa) 3 (a) (i) (1) (2) (ii) 118
3 (a) (iii) (iv) (v) 119
4 (i) 2(j) () (ii) (iii) (iv) 2(j) 120
4 (v) (vi) (vii) 16 121
5 a 31,959,809 27,319,843 106,378 99,274 b 1,227,429 1,127,659 5,872,094 3,641,893 39,165,710 32,188,669 (a) (b) 288,193,000 514,787,000 : 1,223,072 1,122,916 4,357 4,743 1,227,429 1,127,659 (c) 122
5 (c) 31,959,809 106,378 1,227,429 5,872,094 39,165,710 51,973 1,035,547 2,330,690 (3,418,210) 31,959,809 158,351 2,262,976 8,202,784 (3,418,210) 39,165,710 4,705,310 216,743 1,287,470 397,726 6,123 6,613,372 29(b) 512,117 512,117 148,522 (219,138) 7,054,873 (868,393) 449,012 127,615 25,225 601,852 136,427 5,567 519,924 661,918 7,450,250 (651,319) 6,798,931 23,445,451 422,903 12,622,708 4,351,793 113 (1,887,249) 38,955,719 1,624,257 1,493,052 147,200 3,264,509 970,232 24,955 3,073,367 4,068,554 2,134,744 8,945 89,353 2,233,042 3,153,830 51,675,654 12,274,448 1,030,500 4,665,640 4,551,742 443,861 (1,887,249) 21,078,942 4,651,620 25,730,562 835,980 10,753 886,338 72,322 3,911 1,809,304 2,688,135 35,791 2,749,623 300,860 7,287 5,781,696 11,376 15,897 27,273 6,236 1,900 16,117 2,290 1,833 28,376 123
5 (c) 27,319,843 99,274 1,127,659 3,641,893 32,188,669 54,984 999,911 2,256,495 (3,311,390) 27,319,843 154,258 2,127,570 5,898,388 (3,311,390) 32,188,669 3,495,858 240,497 1,073,901 210,989 (666) 5,020,579 85,083 (59,946) 5,045,716 (639,760 ) 425,893 109,511 25,327 560,731 145,212 503 130,898 276,613 5,243,300 (285,757 ) 4,957,543 19,802,632 431,099 11,037,299 5,058,914 38,483 (1,948,872) 34,419,555 1,402,033 1,514,867 131,583 3,048,483 866,668 18,203 2,402,834 3,287,705 467,030 34,805 108,222 610,057 2,883,767 44,249,567 16,166,420 903,846 3,352,748 5,468,213 3,330,816 (1,948,872) 27,273,171 3,573,874 30,847,045 922,684 10,446 842,341 105,225 3,600 1,884,296 601,613 8,947 2,279,122 257,490 4,114 3,151,286 (6,632) (182) 34,232 27,418 23,439 7,367 34,204 65,010 124
5 (d) 14 12,527,188 10,682,762 9,524,197 7,473,639 6,280,865 5,507,037 7,032,641 5,126,934 2,573,387 2,270,638 1,227,432 1,127,659 39,165,710 32,188,669 125
6 572,914 25,483,788 14,771,333 402,035 754,715 635,485 42,620,270 (1,373) (323,237) (366,887) (1,016) (8,661) (11,263) (712,437) 27,091 1,576 117,270 (145,937) 88,063 121,978 2,692,282 55,553 103,964 2,618,870 5,680,710 (21,550) (997,214) (165,365) (28,028) (1,212,157) 665,145 25,282,529 16,099,514 292,783 939,260 3,097,155 46,376,386 85,754 11,646,531 4,796,854 192,772 435,916 17,157,827 (16) (115,596) (124,769) (681) (5,570) (246,632) 23,615 696,483 875,035 31,747 106,044 1,732,924 (3,826) (571,003) (45,104) (24,592) (644,525) 105,527 12,227,418 4,976,117 178,734 511,798 17,999,594 559,618 13,055,111 11,123,397 114,049 427,462 3,097,155 28,376,792 126
6 620,917 26,601,768 13,673,223 260,565 709,887 65,342 41,931,702 2,435 (793) 2 2,412 6,971 11,027 3,874 8,818 2,659 18,759 (34,110) 30,840 2,242,628 167,639 55,811 604,253 3,101,171 (78,303) (1,117,187) (1,153,338) (18,178) (35,472) (2,402,478) (6,849) (13,062) (1,241) (21,152) 572,914 25,483,788 14,771,333 402,035 754,715 635,485 42,620,270 80,227 11,041,215 4,702,816 166,729 367,865 16,358,852 399 (239) 6 1,906 4,587 6,659 22,665 824,586 826,390 46,494 90,539 1,810,674 (13,368) (219,031) (732,358) (14,106) (26,322) (1,005,185) (4,169) (8,251) (753) (13,173) 85,754 11,646,531 4,796,854 192,772 435,916 17,157,827 487,160 13,837,257 9,974,479 209,263 318,799 635,485 25,462,443 127
6 1,400 5,309 6,709 (58) (432) (490) 1,342 4,877 6,219 (a) 7,940,649 7,940,649 (2,319,028) (2,319,028)... 5,621,621 5,621,621... 8,023,823 1,001,033 9,024,856 (2,091,581) (705,816) (2,797,397)... 5,932,242 295,217 6,227,459 (b) (c) (d) 4,126,067,00010,748,980,000 2,730,673,00011,471,568,000 23(i) 171,529,000 263,382,000 115,171,000 128
7 a 13,880 12,738 (183) (1,275) (6,580) (289) 29 2,417 6,828 13,880 7,113 13,880 (285) 6,828 13,880 (a) (b) (d) 530,000745,000 11,161,000 129
8 155,930 130,969 48,969 34,822 (4,931) 1,380 (1,916) (4,303) (6,938) 198,052 155,930 (a) 50 130,681 105,806 10 50 1,934 2,096... 132,615 107,902... 50 9,091 10 50 56,346 48,028... 65,437 48,028... 198,052 155,930 (b) 13,598,000 14,369,000 23(i) 130
9 439,112 393,854 132 (291,028) (222,620) (13) 148,084 171,234 119 171,234 223,712 (728) 273 52,017 16,568 132 (74,175) (69,319) (13) (264) 148,084 171,234 119 10 6,868,438 a 10,761,230 a (4,411,050) (a) (b) 41(a) 131
11 2,669,929 2,422,725 a 421,741 395,028 b 172,839 230,730 3,264,509 3,048,483 4,732,755 4,717,822 (a) 340,974,000 349,712,000 43,272,000 44,381,000 36,582,000 415,778 46,707 (10,387) 2(b)(ix) (20,232)... 385,159 46,707 36,582 369,071... 421,741 415,778... 20,750 (518) 2(b)(ix) (20,232)... (20,750)... (20,750)... 421,741 395,028 132
11 (i) (ii) (iii) EBITDA5% 16% 3% 5% 10% EBITDA (b) (c) (d) 77,522,000 81,027,000 1.60%1.60% 77,522,000 81,027,000 95,317,000 149,689,000 41(b)... 1,184,197 234,964 (1,117,900) (108,988) 541,827 229,162... 772,584 2,124,408 (121,634) (1,562,714) (68,863) 5,245,074 123,373... 1,982,566 609,718 (651,749) (606,660) 1,412,062 249,317... 3,939,347 2,969,090 (1,891,283) (2,278,362) (68,863) 7,198,963 601,852... 1,269,088 161,029 (1,147,374) (83,424) 531,491 262,985... 672,374 2,175,552 (79,095) (1,628,789) (63,650) 3,882,269 98,074... 1,881,341 896,687 (780,260) (778,934) (71,820) 1,489,721 199,672... 3,822,803 3,233,268 (2,006,729) (2,491,147) (135,470) 5,903,481 560,731 133
12 3,953,562 3,409,625 a 702 1,556 a (164,596) b 114,290 41,120 4,068,554 3,287,705 1,768,899 1,814,227 1,828,026 1,541,600 3,596,925 3,355,827 1,113,663 1,083,956 (a)...... 1,556 (164,596) (163,040)... 1,556 (164,596) (163,040)... 2(b)(ix) 164,596 164,596... 1,556 1,556... (815) (815)... (39) (39)... 702 702............ 702 702 1,556 (164,596) (163,040) 3 2(b)(ix) 134
12 (b) (c) (d) 66,288,000 41,120,000 2%2%48,002,000 41(c) 10,559,034 (9,187,527) 407,939 82,120 2,762,421 (1,056,494) (145,611) 5,021,326 455,645 1,845,611 (823,872) 280,228 124,153 15,167,066 (11,067,893) (145,611) 5,709,493 661,918 9,008,422 (7,661,009) 268,109 80,949 2,757,027 (1,397,571) (139,426) 940,559 (98,377) 327,066 195,664 12,706,008 (9,156,957) (139,426) 595,175 276,613 135
13 2,549,449 (56,884) 278,971 (642,824) (20,000) 124,330 2,233,042 b 89,353 c 2,143,689 2,233,042 (a) (b) (c) 402,994,000 14 a 108,231 192,898 22,100 b) 287,692 (864) 610,057 105,821 (a) (b) 3239 2(b)(vi) 103,018,000 136
15 13,752 (3,397) 10,355 33,790 (5,585) 28,205 2,076 (40) 2,036 49,618 (9,022) 40,596 (13,752) 3,397 (10,355) 35,866 (5,625) 30,241 14,923 (4,158) 10,765 38,952 (8,372) 30,580 8,484 (546) 7,938 62,359 (13,076) 49,283 (14,923) 4,158 (10,765) 47,436 (8,918) 38,518 1920 65,990,000 64,966,000 73,000 74,000 137
16 15% 44%15% 44% (765,205) (226,701) 12,732 (98) 31 107,500 (117,319) 33 (421,087) (644,973) (765,205) 75,417,000 35,404,000 3,306,000580,0001,355,000 919,200,000 205,719,000 4,521,800,000 697,701,000 138
16 (754,073) (81,852) (935) (836,860) 2 2 (441,032) (28,742) (469,774) (1,195,103) (110,594) (935) (1,306,632) 25,843 25,843 161,708 90,608 (176,000) 616 76,932 (1,007,552) (19,986) (176,000) (319) (1,203,857) 545,926 64,233 610,159 (100) (100) 327,647 24,808 352,455 33 (421,087) (421,087) 452,486 88,941 541,427 (10,681) (2,430) (13,111) (42,710) 73,278 30,568 399,095 159,789 558,884 139
16 63,733 39,593 (708,706) (804,798) (644,973) (765,205) 12 63,733 39,444 12 (701,006) (653,388) 17 a 5,853 b 16,199 5,853 16,199 (a) (b) (c) 3.88% 4.90%3.88% 4.90% 100,000,000807,020,000100,000,000827,700,000 1.05% 1.16%1.05% 1.16% 200,000,0001,614,040,000200,000,000 1,655,400,000 23(d) 24,864,000 200,656,00023,766,000196,713,000 140
18 a 207,711 93,509 b 346 c 64,562 d 54,441 71,214 8,028,372 4,823,318 2,262,888 8,147,375 4,894,532 2,262,888 e 8,355,086 4,988,387 2,262,888 (a) (b) (c) (d) (e) 23(i) 1,599,478,000 1,215,179,000 3,145,126 2,882,058 117,161 1,252,274 805,404 139,762 2,225,455 277,750 2,005,965 570,062 286,813 1,162,169 736,362... 8,355,086 4,988,387 2,262,888 (f) 0.60% 5.44%0.18% 5.50% 6573 141
19 499,343 288,322 37,553 30,087 536,896 318,409 20 a 2,697,957 2,052,671 617,251 648,191 325,891 173,386 8,970 262,896 3,650,069 3,137,144 a 53,219 40,566 3,703,288 3,177,710 443,909 521,875 3,618 c 16,467 2,032,583 59,544 182,334 313,775 58,666 73,690 37,640 566 95,189 115,971 230,432 2,404,578 351,415 4,377,629 6,104,163 355,033 142
20 (a) 25 90 1 3 3,489,622 2,841,880 4 6 154,958 200,503 7 12 63,671 113,611 1 2 22,609 44,781 2 3 2,545 34,787... 3,733,405 3,235,562 (30,117) (57,852)... 3,703,288 3,177,710 (b) 2,336,540 1,837,914 562,727 791,443 419,142 282,577 384,879 265,776 3,703,288 3,177,710 (c) (d) 143
21 (a) 1.00 3,896,000 3,896,000 1.00H 2,244,000 2,244,000... 6,140,000 6,140,000 H i 4,100,000 4,100,000 H ii (204,000) 204,000 ii 2,040,000 2,040,000... 3,896,000 2,244,000 6,140,000 (i) 4,100,000,000 4,100,000,000 1.004,100,000,0001.00 1 H (ii) H2,244,000,000 H 2,040,000,000 204,000,0001.00H4.254.53 2,040,000,0008,817,797,000 2,040,000,000 6,777,797,000 204,000,000H42,727,000 880,541,000 (iii) 4,100,000,000 1.00 144
21 (b) H H10% 25% 25% 50% 75% 100% (i) 3.195 6,000,000 6,000,000 (i) 3.195 1,400,000 1,400,000 (i) 3.195 12,525,000 12,525,000 (i),(ii) 3.195 2,225,000 2,225,000 22,150,000 22,150,000 145
21 (b) (i) (ii) 1.9454 3.42510 5.24% 0.225 (c) (vi) (iv) 9.54 6,700,000 (3,400,000) 3,300,000 (v) 13.75 9,000,000 9,000,000 (iv) 9.54 800,000 (400,000) 400,000 (v) 13.75 1,000,000 1,000,000 (iii) 8.80 2,702,000 (1,548,000) 1,154,000 (iv) 9.54 11,670,000 (3,682,000) 7,988,000 (v) 13.75 43,990,000 (4,846,000) (1,000,000) 38,144,000 (iv) 9.54 1,320,000 (410,000) 910,000 (v) 13.75 9,750,000 (1,050,000) 1,000,000 9,700,000 86,932,000 (15,336,000) 71,596,000 146
21 (c) (iv) 9.54 7,600,000 (900,000 ) 6,700,000 (v) 13.75 9,000,000 9,000,000 (iv) 9.54 800,000 800,000 (v) 13.75 1,000,000 1,000,000 (ii) 5.53 1,580,000 (1,580,000 ) (iii) 8.80 10,600,000 (7,898,000 ) 2,702,000 (iv) 9.54 31,240,000 (19,550,000 ) (20,000) 11,670,000 (v) 13.75 43,990,000 43,990,000 (iv) 9.54 6,180,000 (4,860,000 ) 1,320,000 (v) 13.75 10,050,000 (300,000 ) 9,750,000 58,000,000 64,040,000 (35,088,000 ) (20,000) 86,932,000 (i) (ii) 2 # 20% 40% 60% 80% 100% 6.50 7.00 7.50 8.00 8.50 # 147
21 (c) (iii) 1 20% 2 20% (iv) 9.54 20,000 (v) (vi) (vii) (viii) 13.75 15,336,00035,088,000 179,901,000 343,628,000 12.60 86,932,000 9.30 58,000,000 13.75 64,040,000 11.08 (15,336,000) 9.23 (35,088,000) 9.54 (20,000)... 71,596,000 86,932,000 15.73 13.35 148
22 / (64,095) 147,993 17,253 (2,254,883) (2,153,732) 4,157,960 4,157,960 8,414 8,414 (596) (596) (9,072) (613) 464 (9,221) 59,485 (59,485) 33 (1,148,081) (1,148,081) (1,248,130) (1,248,130) (421,087) (421,087) (389,304) (389,304) (86,036) (86,036) (19,062) (19,062) e 3,000,000 3,000,000 229,694 229,694 1,428,385 1,428,385 2,926,833 206,269 26,131 189,971 3,349,204 149
22 / d 2,926,833 206,269 26,131 189,971 3,349,204 3 3239 39 1,016,182 1,016,182 68,633 68,633 7,021 7,021 86,243 86,243 3,161 11,545 14,524 (3,566 ) 25,664 2,929,994 217,814 1,030,706 26,131 348,302 4,552,947 (3,720,000 ) 3,720,000 a 2,248,316 279,422 (217,814 ) (26,131 ) (2,283,793 ) H 7,192,683 7,192,683 (414,886 ) (414,886 ) 5,450,805 5,450,805 (261,381 ) (261,381 ) (4,796 ) (5,639 ) (10,435 ) (279 ) (279) 64,689 64,689 9,208 9,208 (393,559 ) (393,559 ) b 1,081,763 (1,081,763 ) 33 (3,788,566 ) (3,788,566 ) (94,568 ) (94,568 ) (10,306 ) (10,306 ) 8,240,240 279,422 1,081,763 828,375 (393,559 ) 2,260,111 12,296,352 8,240,240 279,422 1,081,763 828,375 (393,559 ) 1,461,911 11,498,152 798,200 798,200 8,240,240 279,422 1,081,763 828,375 (393,559 ) 2,260,111 12,296,352 150
22 d a 2,489,016 279,422 2,768,438 32 (75,297) (75,297) H 7,192,683 7,192,683 (414,886) (414,886) 33(b) (967,926) (967,926) f (185,476) (185,476) b 1,081,763 (1,081,763) 9,266,813 279,422 1,081,763 (2,124,986) (185,476) 8,317,536 9,266,813 279,422 1,081,763 (2,923,186) (185,476) 7,519,336 798,200 798,200 9,266,813 279,422 1,081,763 (2,124,986) (185,476) 8,317,536 (a) 2(a) 1.00 4,100,000,000 22(d) 151
22 (b) 10%50% 25% 5% 10% 173,023,000 10% 281,347,000 10% 10% (c) (i)(ii) 1,724,455,0003,788,566,000 33 22(b) (d) 279,422,000 33(a) 4.25 152
22 (e) 3,000,000 161,539 68,155... 229,694 * 1,428,385... 4,658,079 * 1(b) (f) 23 i 10,570,648 11,452,327 1,588,449 1,455,676 i 61,027 332,861 c 118,796 d 2,346,242 2,469,882 14,566,366 15,829,542 (2,196,863) (3,580,099) 12,369,503 12,249,443 153
23 (a) 7,920,595 7,356,254 61,027 84,569 7,981,622 7,440,823... 4,238,502 5,551,749 248,292 118,796 2,346,242 2,469,882... 6,584,744 8,388,719 14,566,366 15,829,542 154
23 (b) 2,173,798 3,529,319 2,222,049 1,528,475 5,346,415 4,851,235 2,416,835 2,998,974... 12,159,097 12,908,003... 23,065 41,649 24,840 44,319 13,122 107,439 139,454... 61,027 332,861... 9,131 9,131 35,874 64,660... 118,796... 2,346,242 2,469,882... 14,566,366 15,829,542 155
23 (c) 14,754 14,754 44,259 73,134... 146,901 (28,105)... 118,796 (d) 2,421,060 2,483,100 (15,325) (15,718) (14,526)... 2,391,209 2,467,382 4,269 2,500 4,043 (53,279)... 2,346,242 2,469,882 300,000,000 2,421,060,0005.96%99.367% 5.875% 156
23 (e) 6 6 12 1 5 5 430,773 1,766,090 7,606,426 4,763,077 14,566,366 (1,614,040) (1,614,040)... 430,773 1,766,090 7,606,426 3,149,037 12,952,326 160,100 3,419,999 6,576,473 5,672,970 15,829,542 (1,655,400) (1,655,400)... 160,100 3,419,999 6,576,473 4,017,570 14,174,142 (f) 14,543,374 15,822,341 22,992 7,201... 14,566,366 15,829,542 (g) 12,159,097 12,908,003 12,090,767 12,862,173 61,027 332,861 60,010 331,702 118,796 118,796 2,346,242 2,469,882 2,514,012 2,457,350... 14,566,366 15,829,542 14,664,789 15,770,021 5.20%4.90% 157
23 (h) 2.8% to 5.83% 4.70% 2.4% 3.91% 4.40% 6.80% 6.80% 6.00% 6.00% (i) (i) (ii) (iii) (iv) (v) 24 3,972,720 307,365 4,280,085 25 a 66,583 79,485 a 9,854 15,769 b 51,225 10,627 127,662 105,881 158
25 (a) 79,485 79,485 15,769 15,769 (9,037) (3,865) (5,915)... 66,583 79,485 9,854 15,769 (b) (i) 16,975 10,627 (ii) 34,250... 51,225 10,627 35 (i) 9,056 11,350 (ii) 34,825... 43,881 11,350 (i) Summit Financial Corporation 159
25 (i) 40,422 30,918 (11,471) (9,055)... 28,951 21,863 (7,740) (5,118) (4,236) (6,118)... 16,975 10,627 61% 63% 20% 19% 19% 18%... 100% 100% 2,749 2,620 1,937 1,485 (807) (578) 94 32 5,083 7,791 9,056 11,350 713,000 546,000 10,627 2,289 (264) 9,056 11,350 (2,444) (3,012) 16,975 10,627 160
25 (i) 5.50% 5.75% 8.00% 8.00% (ii) 10% 5% 63,209 (624)... 62,585 (2,427) (25,908)... 34,250 61% 17% 22%... 100% 5,915 3,114 49 25,747... 34,825 49,000 161
25 (ii) 34,825 (575)... 34,250 26 a 1,219,930 1,659,317 335,209 182,927 192,749 206,895 137,129 605,311 251,085 2,490,328 2,300,224 2,955,952 3,386,524 24,805 33(a) (b) 1,794,022 967,926 c 116,364 2,669,090 1,053 3,298,117 145,918 19,114 117,417 5,986,321 145,918 7,357,719 11,673,069 1,138,649 (a) 1 6 2,305,917 2,096,012 7 12 72,601 58,343 1 2 81,188 50,224 2 3 12,425 42,465 3 18,197 53,180... 2,490,328 2,300,224 162
26 (b) 1,255,305 1,081,730 712,722 702,637 165,401 177,876 138,258 141,421 218,642 196,560... 2,490,328 2,300,224 (c) (d) 27 a 372,443 1,773,108 1,634,318 242,106 1,773,108 2,006,761 242,106 b 350,000 2,123,108 2,006,761 242,106 (a) (b) (c) 417,657,000 5.02% 4.70% 5.58%3.26% 5.31% 163
27 (d) 1,237,000 1,357,761 242,106 886,108 649,000 2,123,108 2,006,761 242,106 28 145,149 181,523 18(d) 1,057 7,815 11(b) 2,642 2,429 12(b) 2,673 66 14(b) 5,422 166,905 31,508 173,277 47,240 32,629 31,742 (171,628) 26,405 179,427 286,910 164
29 * 1,029 3,203 * 1,458 * 62,459 575 * 25,324 77,162 * 93 *a 129,061 99,335 * 48,708 78,530 *b 512,117 *7 2,417 * 457 668 32,331 11,637 1,916 4,303 74,175 69,319 4,694,189 2,923,007 # 155,026 263,743 496,580 468,247 1,236,344 1,337,182 5,245 289 33 41 1,845,413 1,163,570 752,510 550,292 122,126 160,612 260,862 209,264 # 27,273 27,418 # 5,322 # 2,045 4,712 13,705 * # 165
29 (a) (b) 17.5% 30 684,787 216,074 3,115 52,491 9,314 5,669 19,432 132,859 145,882 389 47,798 57,972 2,029 826,430 551,381 19,694 1,859 1,987 20,410 86,392 868,393 639,760 166
31 a 694,987 124,085 b 5,440 10,462 c 59,829 34,272 (1,437) (381) 758,819 168,438 16 (107,500) 117,319 651,319 285,757 101,599,000 124,093,000 31,833,000 43,808,000 (a) 33%15% 27% (1993) 49 (b) 17.5%17.5% (c) 22% 44% 22% 44% 167
31 (d) 7,450,250 5,243,300 (1,263,770) (837,344) 6,186,480 4,405,956 33% 2,041,538 1,453,965 (339,972) (189,909) (13,702) (14,557) (492,144) (143,875) (59,643) 66,346 78,679 (2,665) (826,803) 13,519 1,244 (32,556) (175,572) (421,087) (88,670) 262,539 (170,899) (1,437) (381) (8,592) 1,710 651,319 285,757 (e) 3% 5% (1997) 35 168
32 75,297,000 33 a 1,994,544 a 826,096 b 967,926 3,788,566 c 94,568 67,743 1(b) 1,248,130 d 1,148,081 18,293 16 421,087 208,996 10,306 19,062 3,893,440 3,131,392 3,893,440 3,131,392 180,308 3,893,440 3,311,700 (a) 2,820,640,000 279,422,000 22(d) 1,994,544,000 826,096,000 169
33 (b) (c) (d) (e) 967,926,000 0.13 798,200 0.13 170
34 4,100,000,000 5,450,805,000 4,157,960,000 5,133,972,603 4,100,000,000 1.06171 1.01414 4.2522(d) 5,450,805,000 5,133,972,603 31,292,600 5,165,265,203 1.05528 171
35 612,978 604,464 1,467,148 1,180,015 a 46,472 19,809 25(b) 43,881 11,350 b 64,726 35,383 269,066 242,629 2,504,271 2,093,650 (a) 5% 20% (b) 9% 20% 66,000 19,383,000 13,305,000 (c) 36 172
36 (a) 685 223 1,639 1,052 4,564 5,403 322 43,922 22... 7,232 50,600... 1,659 789 75 4,842 150 16 14 44... 1,944 5,645... 7,599 3,844 14,526 407 61 52 23... 8,090 18,422... 17,266 74,667 2 21(c) 173
36 (a) 21(b) 6,000,0001,400,000 (b) 158 1,181 49 1,388 63 1,097 43 1,203 126 970 38 1,134 200 32 232 288 32 320 199 32 231 200 32 232 265 32 297 140 1,316 32 22 1,510... 111 111 147 147 284 284 143 143... 2,324 4,564 322 22 7,232 174
36 (b) 163 4,842 5,005 127 4,833 4,960 127 4,833 4,960 127 4,833 4,960 127 4,833 4,960 127 4,833 4,960 127 4,842 4,969 127 4,842 4,969 5,403 5,231 10,634 223 223... 1,275 5,403 43,922 50,600 (c) 1 5 4 5 5 175
36 (c) 36(b) () 11,094 8,658 17,597 2,132 944 164 33 13,390 27,232 1,500,0012,000,000 1,560,0002,080,000 2 2,000,0012,500,000 2,080,0002,600,000 2 4,500,0015,000,000 4,680,0005,200,000 1 6,000,0016,500,000 6,240,0006,760,000 2 6,500,0017,000,000 6,760,0007,280,000 1 7,000,0017,500,000 7,280,0007,800,000 1 5 4 176
37 (a) 7,450,250 5,243,300 1,733,213 1,810,674 74,175 69,319 1,916 4,303 21,553 1,987 (145,149) (181,523) (601,852) (560,731) (661,918) (276,613) (93) (512,117) 826,430 551,381 (173,277) (47,240) (48,708) (78,530) 27,273 27,418 (62,459) (575) 5,322 2,045 (20,612) (63,457) (2,417) (1,029) (3,203) (1,458) (32,629) (31,742) 11,042 20,410 86,392 7,894,012 6,567,059 (218,487) (14,600) 1,592,546 (2,654,251) (2,989,573) 1,695,249 (75,076) (122,479) 12,744 (110) 22,506 6,238,672 5,470,868 177
37 (b) 7,979 481 33,569 13,609 (35,313) (2,032) 18,293 (13,609) (13,609) (c) (i) (ii) (iii) (iv) (v) (vi) 1,683,185,000 1,626,348,000 2,000,000,000 360,000,000 2,980,000,000 3,973,000,000 4,804,000,000 831,000,000 123,900,000 178
37 (c) (vii) (viii) (ix) (x) (xi) 18,293,000 1,148,081,000 62,743,000 1(a)37,180,00017,119,000 13,444,000 122,911,00068,155,000 118,796,000 179
37 (d) 12,672,978 2,171,893 5,873,171 5,285,448 3,000,000 1,987 6,745,461 1,796,462 (5,675,919 ) (338,788 ) (2,565,361 ) (1,000,000 ) c(vi) 123,900 (5,104 ) c(iv) 2,980,000 (2,980,000 ) c(i) (1,683,185 ) c(ii) c(iii) c(v) 3,973,000 (4,804,000 ) (1,626,348 ) (2,000,000 ) c(viii) 1,148,081 c(ix) 37,180 274,319 (2,032) 799,583 2,732 (406,732 ) 17,836,303 9,105 5,953,318 180
37 (d) 17,836,303 9,105 5,953,318 3 3239 39 923,096 (91,684) 23,051 6,378 78,343 23,313 17,744,619 9,105 7,007,499 181
37 (d) H 9,232,683 (414,886) (419,241) (140,429) 21,553 6,248,448 (6,733,031) (9,105) (xi) (118,796) (54,078) (237,871) 141,628 59,641 3,151 71,940 1,348,126 (745,648) 703 8,817,797 16,689,474 7,508,740 182
38 a 176,899 b 32,656 36,100 209,555 36,100 (a) (b) Antwerp Gateway N.V. 143,400,000 1,373,729,000 18,466,000176,899,000 (c) 183
39 (a) 2,562,757 2,919,099 304,000 8,731,959 94,264 115,506 675 23,966 7,918 2,969,614 11,790,530 67,233 95,599 7,395,075 1,774,059 96,258 66,959 i 5,744,723 2,906,080 11,805 13,315,094 4,842,697 (i)... 839,462 884,646... Antwerp Gateway NV 654,421 1,458,813... 713,341... 356,679 530,472...... 2,365,343... 815,477 32,149... 5,744,723 2,906,080 184
39 (a) (ii) 67,128 61,250... 59,042 68,542... 126,170 129,792 (b) 838,027 875,475 1,898,248 1,532,078 83,632 215,790 2,819,907 2,623,343 3,589 4,718 7,317 12,781 1,930 1,805 12,836 19,304 8,498 6,166 21,854 21,313 30,352 27,479 2,863,095 2,670,126 185
39 (c) 84,331 68,698 141,816 97,868 43,908 41,248 270,055 207,814 2,734,247 2,135,589 8,909,207 9,570,024 7,669,724 8,559,998 19,313,178 20,265,611 13,207 9,110 19,569 7,353 32,776 16,463 19,616,009 20,489,888 (d) 40 24 186
40 a 113,236 b 392,823 391,017 l 15,888 13,707 c 23,786 52,812 d 267,871 263,250 e 603,433 604,464 a 495,307 501,346 e 75,248 52,580 f 4,489,521 2,713,529 g 1,261,996 1,141,714 h 229,363 369,742 i 231,931 234,047 j 151,482 92,514 l 21,257 59,383 l 19,527 7,278 l 42,646 20,921 l 10,136 187
40 m 12,760 m 18,600 o 392,100 p 1,056,384 q 1,252,910 m 41,040 m 32,189 r 33,648 b 297,991 487,775 c 21,632 39,027 l 21,056 21,222 g 1,091,301 1,001,664 h 16,622 43,159 i 5,093 43,015 j 134,016 123,130 l 4,595 4,825 s 301,642 51,293 l 14,562 9,245 s 866,147 239,106 188
40 b 2,867,281 1,674,515 c 459,062 412,046 l 17,281 18,042 l 41,527 15,314 d 74,497 76,020 g 1,365,032 960,796 j 269,299 230,811 l 7,320 3,066 k 421,314 244,370 (a) (b) n51% 49% (c) n (d) n (e) n 189
40 (f) n 200,656,000 196,713,000 (g) (h) (i) (j) n n n n (k) (l) (m) (n) 190
40 (o) 10,000 485,800,0004,021,200,000 392,100,000 (p) 163,701,45616.23% 1,056,384,000 127,240,000AB (q) (i) 49%1,180,410,000 142,179,000446,410,000734,000,000 50,000,000 6,022,000 (ii) 50% 22,500,000 (r) (s) 191
40 a 5,007,356 1,735,742 a 7,857,147 10,117,748 b 302,839 444,456 b 133,943 194,819 (a) (b) 192
40 2005 2005 1 1 12 31 0.57 5,400,000 5,400,000 (i) 1.37 3,600,000 3,600,000 (ii) 0.57 5,000,000 (300,000) 4,700,000 (i) 1.37 4,600,000 4,600,000 (ii) 18,600,000 (300,000) 18,300,000 0.2 800,000 (800,000) (iii) 0.2 850,000 (850,000) (iv) 0.735 1,700,000 (1,700,000) (v) 1.614 1,050,000 1,050,000 (vi) 3,350,000 1,050,000 (3,350,000) 1,050,000 (i) (ii) (iii) (iv) (v) (vi) 193
41 (a) 1 100% 100% 2,380,000,000 500 100% 100% # 1,000 100% 100% 80,000,000 100% 100% 200,000,000 3 # 2,198,966,298 52.03% 52.18% 0.1 1 1 100% 100% # 100% 100% 20,000,000 100% 100% 20,000,000 100% 100% 24,300,000 51% 51% 34,950,000 100% 100% 114,000,000 194
41 (a) 100% 10,000,000 100% 100% 7,560,000 100% 100% 5,705,600 100% 100% 8,000,000 1,000,000 70% 70% 100% 100% 13,000,000 100% 100% 10,000,000 100% 100% 10,000,000 100% 100% 3,000,000 100% 100% 16,000,000 100% 100% 10,000,000 100% 100% 5,000,000 195
41 (a) 4 51% 51% 15,000,000 4 4,000,000 70% 70% 100% 100% 668,800,000 250,000 60% 60% China Ocean Shipping 400,000 100% 100% (Canada) Inc. 4.67 China Ocean Shipping 100 100% 100% (East Canada) Inc. 0.7 COSCO Agencies 1,000 100% 100% (Los Angeles), Inc. 0.1 COSCON France SAS 500 100% 100% Air Sea Lines 16 Sarl COSCON (UK) Ltd 100 100% 100% JNF Services 1 Limited COSCO Belgium NV 100 100% 100% 1,250 COSCO Iberia Ship 10,000 70% 70% Agency, S.A. 6.02 1,000,000 100% 100% # 1 North Star Shipholding 1,000 100% 100% Ltd. S. A. 1 COSCO Japan Express 10,000,000 100% Ltd 1 196
41 (a) COSKOR Shipping 60,000 100% 100% Co., Ltd. 5,000 COSCO Logistics (Korea) Co., Ltd.) # 50,000 100% 100% (Coshan 5,000 Shipping Co. Ltd) # 200,000 100% 100% 1 Freightworld (M) 100,000 100% 100% Sdn. Bhd 1 100,000 100% 100% 1 BPSC International 110,000 100% 100% Shipping & Cargo 1 Service Pty Ltd. COSCO (New Zealand) 100,000 100% 100% Limited 1 Green Leaf Promotions 25,000 100% 100% Limited 1 # 10,000 39.02% 39.14% 10 21 52.03% 52.18% # 37,496,000 52.03% 52.18% COSCO Pacific Finance 11 52.03% 52.18% (2003) Company Limited # 11 52.03% 52.18% 197
41 (a) 52.03% 52.18% 100,000 # Florens Container 100100 52.03% 52.18% Corporation S.A. # 22,0141 52.03% 52.18% # Florens Container Inc. # 11 52.03% 52.18% Florens Container 1001 52.03% 52.18% Inc. (1998) # Florens Container 1001 52.03% 52.18% Inc. (1999) # Florens Container, 1001 52.03% 52.18% Inc. (2000) # Florens Container, 11 52.03% 52.18% Inc. (2001) # Florens Container, 11 52.03% 52.18% Inc. (2002) # Florens Container, 11 52.03% 52.18% Inc. (2003) # Florens Container, 11 52.03% 52.18% Inc. (2004) # Florens Container, Inc. 11 52.03% (2005) Florens Container 1001 52.03% 52.18% Services (Australia) Pty Limited 1001 52.03% 52.18% # Florens Container 212,782.30 52.03% 52.18% Services (Deutschland) GmbH. 198
41 (a) Florens Container 20,000 52.03% 52.18% Services (Italy) 0.52 S.R.L. Florens Container 20050,000 52.03% 52.18% Services (Japan) Co., Ltd. Florens Container 183,610 52.03% 52.18% Services (UK) 1 Limited Florens Container 1,000 52.03% 52.18% Services (USA), 0.001 Ltd. 1 52.03% 52.18% 100,000 # Florens Shipping 12,000 52.03% 52.18% Corporation Limited # 1 # 250,000 52.03% 52.18% 1 16,800,000 26.54% 26.62% COSCO (Cayman) 50,000 100% 100% Mercury Co. Ltd. # 1 Honor River 2100 100% 100% Maritime Inc. Starry Shipping Inc. 2100 100% 100% Pretty River Shipping 2100 100% 100% Inc. Dainty River 2100 100% 100% Shippng Inc. Sky Manna 2100 100% 100% Maritime Inc. Golden Cascade 100100 100% 100% Corporation # 199
41 (a) Golden Shore 100100 100% 100% Corporation # 2 Buyihe Shipping Inc. # 100100 100% 100% Chaoshanhe Maritime 100100 100% 100% Inc. # Chuanhe Shipping Inc. # 100100 100% 100% 2 Caiyunhe Maritime Inc. # 100100 100% 100% 2 COSCO Line New 100100 100% 100% Jersey Shipping Inc. # 2 COSCO Line 100100 100% 100% New York Shipping Inc. # Daginghe Shipping Inc. # 100100 100% 100% 2 Hanihe Shipping Inc. # 100100 100% 100% Hutuohe Shipping Inc. # 100100 100% 100% 2 Jingpohe Shipping Inc. # 100100 100% 100% 2 Jinyunhe Maritime Inc. # 1,00010 100% 100% 2 Luhe Shipping Inc. # 10,0001 100% 100% 2 Lubahe Shipping Inc. # 100100 100% 100% Daqinghe Shipping Inc. # 100100 100% 100% Miyunhe Maritime Inc. # 1,00010 100% 100% 200
41 (a) 2 Naxihe Shipping Inc. # 100100 100% 100% 2 Ninghe Shipping Inc. # 10,000100 100% 100% Qiyunhe Maritime Inc. # 1,00010 100% 100% Wanhe Shipping Inc. # 10,0001 100% 100% 2 Xibohe Shipping Inc. # 100100 100% 100% Xinhuihe Maritime Inc. # 100100 100% 100% Yangjianghe Maritime 100100 100% 100% Inc. # Yongdinghe Shipping 100100 100% 100% Inc. # Yuehe Shipping Inc. # 10,0001 100% 100% 2 Yuguhe Shipping Inc. # 100100 100% 100% 2 Yunhe Shipping Inc. # 10,000 100% 100% 100 Zhaoqinghe Maritime 100100 100% 100% Inc. # Ziyahe Shipping Inc. # 100100 100% 100% Fenghou Maritime Inc. # 1,00010 100% 100% Haihou Maritime Inc. # 1,00010 100% 100% Longhou Maritime Inc. # 1,00010 100% 100% 201
41 (a) Tianhou Maritime Inc. # 1,00010 100% 100% COSCO Charleston 1,00010 100% 100% Maritime Inc. # COSCO New York 1,00010 100% 100% Maritime Inc. # COSCO Boston 1,00010 100% 100% Maritime Inc. # COSCO Norfolk 100100 100% 100% Maritime Inc. # COSCO Asia Maritime 1,00010 100% Inc. # COSCO Africa Maritime 1,00010 100% Inc. # COSCO Europe 1,00010 100% Maritime Inc. # COSCO America 1,000 100% Maritime Inc. # 10 COSCO Oceania 10,0001 100% Shipping Limited # COSCO Pacific 10,0001 100% Shipping Limited # COSCO Indian 10,0001 100% Ocean Shipping Limited # COSCO Altantic 10,0001 100% Shipping Limited # 1,000,000 100% 100% # 1 # 1,500,000 100% 100% 202
41 (a) 40,000,000 100% 100% 1,000 100% 0.01 # 2,980,000 100% 1 COSCO (Cayman) 1,0001 100% 100% Golden Company Limited # # 1 6,100,000,000 2,380,000,000 2 23(i) 3. 4. 203
41 (b) COSCON Italy S.R.L. 100,000 50% 1 26.02%/ 26.09%/ 10 26.02%/ 26.09%/ A 26.02% 26.09% 10 B 10 5% 26.02%/ 26.09%/ 337,868,700 26.02%/ 26.09%/ 26.02% 26.09% 31,000,000 10.41%/ 10.44%/ 11.13%/ 11.17%/ 10.41% 10.44% 9,480,000 10.41%/ 10.44%/ 10.41%/ 10.44%/ 10.41% 10.44% 16,682,000 11.71%/ 11.75%/ 10.41%/ 10.44%/ 11.71% 11.75% 199,962,500 10.44%/ 10.41%/ 9.49%/ 9.46%/ 10.44% 10.41% 204
41 (b) 25.49%/ 25.57%/ 1,582,029,851 23.12%/ 23.19%/ 25.49% 25.57% 29,800,000 28.92%/ 29.01%/ 26.02%/ 26.09%/ 28.92% 29.01% 8,000,000 26.02%/ 26.09%/ 29.73%/ 29.82%/ 26.02% 26.09% 48,900,000 25.49%/ 25.57%/ 26.02%/ 26.09%/ 25.49% 25.57% 10.41%/ 474,000,000 11.56%/ 10.41% COSCO Container Lines 18,000 50% (Netherlands) B.V. Shanghai CIMC Far East Container Co., Ltd.Shanghai Far East Shanghai Far East 205
41 (c) 10.44%/ 10.44%/ 1,900,000,000 10.41%/ 10.41%/ 10.44% 10.41% 17.25% 5% 800,000,000 Antwerp Gateway NVi 14,000,000 10.41%/ 13.05%/ 9.25%/ 11.59%/ 10.41% 13.05% 8.45%/ 8.47%/ 2,016,966,706 13.01%/ 13.05%/ ii 327,402,912 8.45% 8.47% 605,866,438 A 1,083,697,356 B 15.61%/ 15.65%/ 160,000,000 14.86%/ 14.90%/ 15.61% 15.65% 10.41%/ 10.44%/ 240,000,000 9.46%/ 9.49%/ 10.41% 10.44% 435,000,000 10.41%/ 10.44%/ 0.5 5.78%/ 5.80%/ 10.41% 10.44% (i) (ii) Antwerp Gateway NV 5%1,436,496 206
41 42 2(b) 43 327,402,912 AA A AA A 10A 4,241,000,000 AA 16.23%37.26% 207
39,165,710 32,188,669 25,852,874 20,925,740 6,186,480 4,405,956 2,050,206 (883,487)... 1,263,770 837,344 481,202 432,591... 7,450,250 5,243,300 2,531,408 (450,896)... (651,319) (285,757) (177,506) (146,757)... 6,798,931 4,957,543 2,353,902 (597,653) 5,450,805 4,157,960 1,742,228 (1,196,183)... 1,348,126 799,583 611,674 598,530... 6,798,931 4,957,543 2,353,902 (597,653) 51,675,654 44,249,567 39,124,943 40,625,251 (25,730,562) (30,847,045) (31,893,227) (35,191,410) 25,945,092 13,402,522 7,231,716 5,433,841 208