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Transcription:

: 639 2017

2 3 9 10 12 15 17 31 54 66 85 90 92 94 96 98 178

183 22 56 6 639 www.shougang-resources.com.hk 2

XV 260,000 3

Fine Power Group Limited Fine Power Fine Power XV Mount Gibson Iron Limited 450,000 250,000 1,250,000 250,000 4

220,000 1,100,000 220,000 200,000 1,000,000 200,000 5

XVCWT International Limited 420,000 XV 420,000 6

420,000 420,000 7

420,000 Cullen College of Engineering 420,000 8

639.HK 100% 100% 100% 100% Jade Green Investments Holding Ltd. True Plus Ltd. 100% 100% 100% 14.94% Thechoice Finance Ltd. Worldman Industrial Ltd. Gumpert Industries Ltd. Mount Gibson Iron Ltd. MGX.AX 100% 100% 100% 100% 18.03% 29.53% 1104.HK 65% 95% 67.17% 65% 65% 35% 9

1,996,629 1,809,885 3,471,922 +92% 488,188 607,043 1,875,404 +209% 24% 34% 54% (791,203) (194,842) (78,718) 236,790 1,182,584 +399% (58,374) 233,633 1,080,649 +363% (711,475) 67,656 1,182,584 +1648% (416,471) 111,795 1,080,649 +867% EBITDA 1 419,885 694,201 2,027,696 +192% (7.86) 2.11 20.38 +866% 21.0 18.0 16.5 1.0 3.0 15.0 15.0 6.3 5.0 3.0 7.2 20,727,669 19,104,456 21,694,645 +14% 5,038,181 3,824,219 4,864,467 +27% 504,567 942,205 1,136,540 +21% (3,683,389) (3,438,763) (4,318,962) +26% 2 3.69 3.45 2.87-17% 3 0.00% 0.00% 0.00% 17,044,280 15,665,693 17,375,683 +11% 15,791,115 14,519,024 15,934,812 +10% 2.98 2.74 3.01 +10% 1. EBITDA 2. 3. 10

4,000,000 3,000,000 +92% 3,471,922 2,000,000 1,500,000 +209% 1,875,404 2,000,000 1,996,629 1,809,885 1,000,000 1,000,000 500,000 488,188 607,043 0 2015 2016 2017 0 2015 2016 2017 1,500,000 1,000,000 +1648% 1,182,584 1,500,000 1,000,000 +867% 1,080,649 500,000 0 2015 67,656 500,000 0 2015 111,795-500,000-500,000-1,000,000 (711,475) -1,000,000 (416,471) 2015 2016 2017 2015 2016 2017 % 20,000,000 15,000,000 17,044,280 15,665,693 +11% 17,375,683 4.0 3.5 3.0 3.69 3.45 2.87 4 3 2.5 10,000,000 2.0 2 1.5 5,000,000 0 2015 2016 2017 1.0 0.5 0.0 0.00% 0.00% 0.00% 2015 2016 2017 1 0 11

611.6 4.5 4.5 210 120 146.08 6.8 3.4 210 300 1613.9 5.5 5.0 210 210 12

4 5 4 9 (%) Ad 0.9 0.3 0.7 0.7 (%) D 11.3 10.1 11.0 10.4 (%) D 0.36 0.85 0.47 1.65 (%) Daf 21.6 23.4 22.4 18.7 (%) Ad 68.6 67.0 68.4 72.1 Gr.v.d 7,500 7,200 7,520 7,540 (G) 86 75 77 72 T. 13

63.23 64.18 78.34 205.75 11.11 20.78 13.32 45.21 35.23 23.02 38.89 97.14 46.34 43.80 52.21 142.35 (17.30) (14.72) (22.36) (54.38) 45.93 49.46 55.98 151.37 29.04 29.08 29.85 87.97 T.JORC2007 12 31 2008 1 1 2017 12 31 14

6.7% 6.9% 7.2% 1.11-1.5 4.4 5 1.08 7,000 11.8 10.8 11.1 9.69 398 3%93 45203 29207 2% 684 1,38672% 80%34.7 92% 34%54% 60 15

7.2 6.3 16

3.98 3.85 +0.13 +3% 2.03 2.32-0.29-13% 0.93 0.48 +0.45 +94% 2.07 2.12-0.05-2% : 684 398 +286 +72% 1,386 769 +617 +80% 17

398 385 3% 45203 232 13% 276 3% 65 47 18

13% 2% 94% 18% 82%11% 89% 72% 684 398 80% 1,386 769 29% 71% 62% 38% 1 2 47% 53% 59% 41% 34.7218.10 16.62 92% 72% 80% 76% 83% 26% 34% 19

54%34% 12.68 209% 11.83 10.81i 12.68ii 1.952,600 1.691.22iii 6.67% 5.13%) 5,600 4,200 (iv) 2,200 20.38 2.11 EBITDA 20.28 6.94 15.36 2.22 48.64 38.24 20

15.97 12.03 3.94 33% 1.501.47 300 2% 316 257 +59 +23% (60) (35) +25 +71% 256 222 +34 +15% (65) (65) 55 46 +9 +20% (15) (13) +2 +15% 21

25 15%(i) 11(ii)30-50% 2,500 20% 13% 18.756.07 12.68 209% 54% 34% 72% 80% 2.071.071 93% (i) 6.67% 5.13%)5,600 4,200 (ii) 1,200 36% (iii) 1,000 13% (iv) 2,200 22

2.071.67 4,000 24% 589,000 688,000 2.022.04 200 1% 1.95 19(b) 2,400800 1,600 200% 1,200 200 100 23

4.65 7,7007,500 5% 25% 2,600 10.819.69 1.12 1.611.33 2.93 0% 24

8.52% 6.67% 3% 74% 7.24 2.87 50.27 1.61 14.27 1.58 1.33 11.36 60.02 151.57 53.02 25

21 5,059 26

42 7,00010,800 2 25 27

76% 83% 26% 34% IMF 0.23.9% IMF 6.5%0.16.6% 28

1.15 1 1.5 5 5 29

30

3 8 31

32

A 33

4/4 4/4 4/4 3/4 4/4 4/4 4/4 4/4 3/4 4/4 4/4 34

3.10(1) 3.10(2) 3.10A 3.13 35

36

I II B 4 A 3 B 4 A 1, 3, 4 B 4 A 3 B 4 A 1, 3 B 4 B 4 B 4 A 1, 2 B 1, 4 B 4 A 1, 3 B 4 A 1, 2, 4 B 1, 4 I A: B: II 1: 2: 3: 4: 37

38

39

1/1 1/1 1/1 1/1 1/1 40

2/2 2/2 2/2 2/2 41

42

1/1 1/1 1/1 1/1 1/1 43

44

15 COSO the Committee of Sponsoring Organisations of the Treadway Commission 17 45

17 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 46

1 2 47

1) 2) 1) 2) 1) COSO (the Committee of Sponsoring Organisations of the Treadway Commission) 48

49

1,575 280 195 2,050 50

8589 www.shougang-resources.com.hk (i) (ii) 51

3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 52

622 5665% 622 580 2.5% 1,000 622 6152.5% 2 53

27 31 53 27 54

15 10 9 8 7 6 5 4 3 2 1 0 0 1 2 3 4 5 6 7 8 9 10 55

56

398 20393 207 34.72 3.18 5.444.25 57

58

59

1. 60

2. 3. 1. 2. 61

2017 2016 42,827 94,320 117 417 29,957 44,592 91 175 3,408 818 251 193 13 22 73 89 % 86% 82% 4 3 16,316 14,616 71 140 % 46% 78% % 14% 42% 62

1. 2. 63

3. 4. 2017 12 31 5,059 5. 3,775 294 111 240 64

65

37 20 90177 7.2 36.3 18322 1516 1730 178 66

33 1,191,000 * * * * * 102(A) 67

68

352 4,000,000 0.075% 2,680,000 0.051% 700,000 0.013% 20,000 0% 200,000 0.004% XV 352 69

8.10 # # # 70

336 XV 2 3 1,582,864,490 29.85% 1 1,582,864,490 29.85% 1 1,463,962,490 27.61% 1 Fine Power Group Limited Fine Power 663,918,497 12.52% 1 650,000,000 12.25% 1 1,539,844,306 29.04% 313,770,000 5.92 % 2 71

1. (i) (ii) 55.49% Fine PowerFine Power 2. (i) 66,248,000Shanghai Greenwoods Asset Management Limited Shanghai Greenwoods Asset Management Limited 75%(ii) 105,300,000 Greenwoods China Alpha Master Fund12,000,000Greenwoods Asset Management LimitedGreenwoods China Alpha Master Fund Greenwoods Asset Management Limited Greenwoods Asset Management Limited Greenwoods Asset Management Holdings LimitedGreenwoods Asset Management Holdings Limited 81%Unique Element Corp. Unique Element Corp. XV 2 3 72

73

530,183,784 10% 1%1% (a) 0.1% (b) 5,000,000 74

(i) (ii) (iii)1.00 1,164,295,000 715,748,000 75

75.7% 25.7% 41.1% 14.7% 5% (a) 2.24% (i)(ii) (i) 76

(a) (i) 76,900 4,000 (1) (2) (1) (3) (1) (2) 77

(a) (i) (a) 14A.55 (A) (B) (C) 14A.56 78

(a) (ii) 870,000 1,310,000 1,510,000 50,000 52,000 54,000 79

(a) (ii) (1) (2) (1) (3) (1) (2) (a) 80

(b) (i) (ii) 27% 162,000,000 27% 162,000,000 182,000,000 81

(b) 50% 14A (a) 14A 0.1%5%14A 82

41 41(i) 41(ii) 41(iii) 41(iv) (v) 41(vi) 3153 5465 83

45 84

90 177 85

19 3.7 19 86

405 87

88

P04434 89

6 3,471,922 1,809,885 (1,596,518) (1,202,842) 1,875,404 607,043 8 207,441 107,188 (206,638) (167,412) (202,034) (203,755) (23,961) (8,054) 19(b) (595,854) 19(b) 401,012 9 (2,226) (490) 6,886 (368) (2,308) 10 1,647,618 144,256 11 (465,034) (76,600) 1,182,584 67,656 723,997 (568,590) 155,062 182,715 2,061,643 (318,219) 90

1,080,649 111,795 101,935 (44,139) 1,182,584 67,656 1,881,310 (211,723) 180,333 (106,496) 2,061,643 (318,219) 13 20.38 2.11 91

16 3,171,773 2,740,973 17 50,781 48,965 18 8,275,967 7,902,244 19(a) 1,314,569 1,233,703 20 13,107 12,641 21 629,679 474,617 22 584,543 312,608 32 23,121 21,016 14,063,540 12,746,767 23 195,983 198,599 24 871,004 869,556 24 1,426,791 1,074,095 110,777 114,293 25 200,000 26 162,083 76,927 27 1,540,808 2,029,933 27 3,323,659 1,794,286 7,631,105 6,357,689 28 612,507 441,423 29 178,358 30 1,498,032 1,160,446 31 37,843 6,472 334,660 234,836 2,661,400 1,843,177 4,969,705 4,514,512 19,033,245 17,261,279 92

32 1,657,562 1,595,586 1,657,562 1,595,586 17,375,683 15,665,693 33 15,156,959 15,156,959 34 777,853 (637,935) 15,934,812 14,519,024 1,440,871 1,146,669 17,375,683 15,665,693 93

15,156,959 448,068 570,393 279,401 (1,900,219) (35,578) 14,519,024 1,146,669 15,665,693 1,080,649 1,080,649 101,935 1,182,584 645,599 645,599 78,398 723,997 155,062 155,062 155,062 1,080,649 155,062 645,599 1,881,310 180,333 2,061,643 27% 44,120 (5,394) 38,726 141,095 179,821 27% 29 (186,138) (186,138) (186,138) 12 (159,055) (159,055) (159,055) 12 (159,055) (159,055) (159,055) (27,226) (27,226) 34 (26,671) 26,671 15,156,959 448,068 401,704 1,068,611 (1,745,157) 604,627 15,934,812 1,440,871 17,375,683 94

15,156,959 448,068 586,286 674,401 537,680 (2,082,934) 470,655 15,791,115 1,253,165 17,044,280 111,795 111,795 (44,139) 67,656 (506,233) (506,233) (62,357) (568,590) 182,715 182,715 182,715 111,795 182,715 (506,233) (211,723) (106,496) (318,219) 12 (265,092) (265,092) (265,092) 12 (795,276) (795,276) (795,276) 34 (15,893) 15,893 35 537,680 (537,680) 15,156,959 448,068 570,393 279,401 (1,900,219) (35,578) 14,519,024 1,146,669 15,665,693 95

1,647,618 144,256 1,415 1,423 149,603 147,374 226,466 210,394 2,226 490 595,854 (401,012) 368 2,308 (84,286) (74,476) (22,171) 9,758 6,364 (6,886) (56,364) 42,027 1,874,633 668,116 15,856 (39,867) (225,571) (276,053) 155 (5,852) 86,396 (57,651) 205,446 (29,891) 3,714 2,886 1,960,629 261,688 (424,937) (39,617) 1,535,692 222,071 96

(445,358) (217,439) 432 288 200,000 (200,000) (84,548) (1,120) 489,125 717,371 84,602 78,446 22,171 266,424 377,546 (2,226) (490) (315,306) (1,060,306) (317,532) (1,060,796) 1,484,584 (461,179) 1,794,286 2,290,877 44,789 (35,412) 3,323,659 1,794,286 27 3,323,659 1,794,286 97

1. 56 6 37 2. 4 21 98

2. 5 3. 3.1 99

3. 3.1 12 3 (i) (ii) 100

3. 3.2 3.3 101

3. 3.4 3.5 102

3. 3.5 5% 10% 33 1 /3% 20% 33 1 /3% 10% 25% 3.6 103

3. 3.7 104

3. 3.7 34 3.8 105

3. 3.8 3.9 106

3. 3.10 3.11 3.12 107

3. 3.12 9 108

3. 3.12 109

3. 3.12 110

3. 3.12 3.13 111

3. 3.14 3.15 112

3. 3.16 622 148 149 3.17 113

3. 3.17 114

3. 3.18 3.10 3.19 115

3. 3.20 (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 116

3. 3.20 (a) (b) (c) 3.21 8 117

4. 4.1 7 12 12 7 12 12 1212 5 12 5 118

4. 4.2 1 1 28 1 2 1 9 1 15 1 15 15 9 2 16 2 2 23 10 28 3 1 2 3 1 1 119

4. 4.2 28 28 2 9 9 9 39 120

4. 4.2 9 939 9 39 (a) 9 9 9 9 (b) 9 39 15 15 18 11 121

4. 4.2 15 15 15 (a) 3.9 15 15 (i) (ii) 122

4. 4.2 15 (a) (iii) 15 (b) 15 15 15 15 123

4. 4.2 15 15 15 9 16 16 17 16 17 1617 124

4. 4.2 23 12 10 28 125

5. 5.1 5.2 3.4 5 2 30 19 126

5. 5.3 2 30 6. 1 629,971 191,408 2,841,951 1,618,477 3,471,922 1,809,885 127

7. 3.21 3,471,922 1,809,885 3,471,922 1,809,885 1,597,779 127,478 1,597,779 127,478 84,286 74,476 22,171 16,910 (12,509) (42,806) (33,764) (16,380) (15,513) (11,748) (2,226) (490) 6,886 (368) (2,308) 1,647,618 144,256 128

7. 226,038 209,970 428 424 226,466 210,394 149,603 147,374 149,603 147,374 1,415 1,423 1,415 1,423 595,854 595,854 (401,012) (401,012) 15,963,761 14,549,199 200,510 22,764 16,164,271 14,571,963 13,107 12,641 13,107 12,641 23,121 21,016 23,121 21,016 629,679 474,617 629,679 474,617 200,000 200,000 1,540,808 2,029,933 1,540,808 2,029,933 872,165 123,711 2,451,494 1,670,575 3,323,659 1,794,286 21,694,645 19,104,456 2,100,130 1,566,288 48,252 42,053 2,148,382 1,608,341 1,657,562 1,595,586 1,657,562 1,595,586 334,660 234,836 334,660 234,836 178,358 178,358 4,318,962 3,438,763 129

7. 3,471,922 1,809,885 13,410,306 12,250,348 434 786 3,471,922 1,809,885 13,410,740 12,251,134 892,213,000 793,389,000 627,198,000 26% 23% 18% 605,626,000364,346,000249,910,000 34% 20% 14% 8. 22,171 84,286 74,476 44,620 32,712 56,364 207,441 107,188 130

9. 2,226 490 10. 1,575 1,550 475 431 1,596,518 1,202,842 17 1,415 1,423 18 149,603 147,374 16 226,466 210,394 14 543,595 456,776 7,378 7,116 939 (56,364) 42,027 9,758 6,364 131

11. 511,637 135,858 (2,532) (449) 32 (44,071) (58,501) (308) 465,034 76,600 25% 5% 5% 132

11. 1,647,618 144,256 399,107 36,031 6,977 28,595 (23,713) (13,593) 9,998 26,324 5% 75,197 (2,532) (757) 465,034 76,600 12. 3 5 159,055 265,092 3 159,055 15 795,276 318,110 1,060,368 133

12. 7.2 6.3715,748,000 3 159,055,000 13. 1,080,649 111,795 5,301,837 5,301,837 1,080,649,000 111,795,000 20.38 2.11 1,080,649,000 111,795,000 5,301,837,842 5,301,837,842 134

14. 483,857 411,357 65 3 59,673 45,416 543,595 456,776 15. 5,400 18 5,418 5,400 18 5,418 3,120 18 3,138 3,120 18 3,138 3,000 1,250 319 4,569 3,000 225 3,225 2,640 1,100 187 3,927 2,640 132 2,772 2,400 1,000 170 3,570 2,400 120 2,520 420 420 420 420 * 420 420 211 211 # 209 209 420 420 420 420 420 420 420 420 420 420 420 420 420 420 420 420 2,520 16,560 3,350 712 23,142 2,520 16,560 513 19,593 # * 135

15. 136

16. 1,431,022 699,697 808,781 1,423,633 2,965 110,200 60,150 4,536,448 (400,610) (157,613) (726,707) (2,965) (95,017) (50,921) (1,433,833) (96,919) (34,512) (34,512) (165,943) 933,493 699,697 616,656 662,414 15,183 9,229 2,936,672 933,493 699,697 616,656 662,414 15,183 9,229 2,936,672 (45,860) (37,084) (34,368) (29,239) (548) (317) (147,416) 176,395 22,651 1,520 493 201,059 64,955 (150,477) 85,522 (6,560) (60) (32) (6,652) 10 (72,075) (18,621) (110,339) (6,396) (2,963) (210,394) 19(b) (61,774) (28,511) (28,511) (118,796) 19(b) 44,980 20,760 20,760 86,500 863,719 688,531 641,438 531,176 9,699 6,410 2,740,973 1,421,429 688,531 848,859 1,301,036 2,965 105,685 57,044 4,425,549 (449,746) (167,287) (729,726) (2,965) (95,986) (50,634) (1,496,344) (107,964) (40,134) (40,134) (188,232) 863,719 688,531 641,438 531,176 9,699 6,410 2,740,973 863,719 688,531 641,438 531,176 9,699 6,410 2,740,973 55,414 51,598 43,580 35,735 590 390 187,307 352,511 122,621 2,227 2,790 480,149 27,112 (108,431) 71,697 9,622 (10,068) (13) (109) (10,190) 10 (74,437) (36,657) (108,338) (4,466) (2,568) (226,466) 871,808 984,209 720,058 580,748 8,037 6,913 3,171,773 1,541,531 984,209 978,822 1,492,519 2,965 114,946 61,319 5,176,311 (554,562) (215,954) (868,961) (2,965) (106,909) (54,406) (1,803,757) (115,161) (42,810) (42,810) (200,781) 871,808 984,209 720,058 580,748 8,037 6,913 3,171,773 137

16. 122,788,000 145,381,000 131,539,000 146,008,000 17. 48,965 53,042 3,231 (2,654) 10 (1,415) (1,423) 50,781 48,965 138

18. 7,902,244 8,580,891 523,326 (428,440) 10 (149,603) (147,374) 19(b) (416,319) 19(b) 313,486 8,275,967 7,902,244 11,164,824 10,467,022 (2,195,748) (1,914,988) (693,109) (649,790) 8,275,967 7,902,244 31 43 139

19. (a) 2,125,852 2,191,726 80,866 (65,874) 2,206,718 2,125,852 (892,149) (832,436) (59,713) (892,149) (892,149) 1,314,569 1,233,703 750,219 703,331 543,639 509,661 20,711 20,711 1,314,569 1,233,703 140

19. (b) 79% 194,842,000 5.2-14.4% 3% 3% 25% 12.88% 12.87% 3% 3% 3% 3% 141

19. (b) 2 30 595,854,000401,012,000 135,129,000 135,129,000 102,833,000 18 32,296,000 16 12.2% 3% 25% 142

19. (b) 59,713,000 12.26% -17% 27% 194,842,000 (c) 809,244,000 13.1% -14.4% 3% 1.46% 2.14% 1,674,375,000 13.15% -14.4% 3% 3.95% 1.69% 143

20. 19,884 19,884 131 (703) (6,908) (6,540) 13,107 12,641 42,000,000 35% 35% 144

20. 32,367 31,944 1,520 956 (3,668) (3,563) 30,219 29,337 13,107 12,641 1,009 (1,048) (6,577) 1,930 (1,620) 882 (8,197) 145

21. (a) 448,995 321,179 (b) 180,684 153,438 629,679 474,617 (c) 629,679 474,617 (a) Mount Gibson Iron Limited Mount Gibson Mount Gibson 14.94% 14.94% Mount Gibson 448,995,000 321,179,000 127,816,000 154,035,000 (b) 18.03% 15.60% 180,684,000 153,438,000 27,246,000 28,680,000 (c) 7% 7% 8,890,000 43(a) (b) 146

22. 27 29 178,358 166,801 156,376 180,761 101,274 58,623 54,958 584,543 312,608 23. 92,174 79,347 103,809 119,252 195,983 198,599 147

24. 1,098,851 1,083,161 (227,847) (213,605) 871,004 869,556 1,426,791 1,074,095 2,297,795 1,943,651 60 90 60 90 111,992,000 132,599,000 105,254,000 116,832,000111,992,000 132,599,000 105,254,000 116,832,000 28 148

24. 133,152,000 157,652,000 13,565,000 15,058,000 25,192,000 29,827,000 3,500,000 3,885,000 28 107,960,000 127,825,000 10,065,000 11,173,000 30 1 3 1,580,812 1,112,874 4 6 436,035 681,213 7 12 279,764 149,564 1 1,184 2,297,795 1,943,651 149

24. 213,605 225,151 14,242 (11,546) 227,847 213,605 2,106,044 1,668,729 3 12,334 139,397 4 6 28,564 113,180 612 149,669 22,345 1,184 191,751 274,922 2,297,795 1,943,651 150

25. 200,000,000 3.5 26. 135,820,000 160,811,000 68,800,000 76,368,000135,820,000 160,811,000 68,800,000 76,368,000 28 27. 862,452 132,672 4,002,015 3,691,547 4,864,467 3,824,219 (1,540,808) (2,029,933) 3,323,659 1,794,286 0.14% 6.70% 0.18% 8.00% 151

28. 30 180 30 180 1 3 347,336 249,163 4 6 221,864 125,195 7 12 17,617 26,768 1 25,690 40,297 612,507 441,423 247,312,000 292,817,000 200,724,000 222,804,000 135,820,000 160,811,000 68,800,000 76,368,000 26 111,992,000 132,599,000 105,254,000 116,832,000 24 25,192,000 29,827,000 3,500,000 3,885,000 24 29. 162,000,00027% 162,000,000 20,000,00027% 152

29. 27% 162,000,000 178,358,000 30. 133,286 13,994 581,415 542,148 774,988 594,419 8,343 9,885 1,498,032 1,160,446 107,960,000 127,825,000 10,065,000 11,173,000 24 31. 153

32. 21,016 21,879 1,418 (1,135) 11 687 272 23,121 21,016 11,164 1,645,450 84,059 1,740,673 (572) (82,022) (3,956) (86,550) 11 (50,883) (7,654) (58,537) 10,592 1,512,545 72,449 1,595,586 1,254 100,261 3,845 105,360 11 23,463 (24,652) (42,195) (43,384) 35,309 1,588,154 34,099 1,657,562 154

32. 1,911 460 495,703 425,304 497,614 425,764 74,325,000 48,142,000 421,378,000 377,162,000 155

33. 5,301,837 5,301,837 15,156,959 15,156,959 34. 10% 50% [2005]35 3 [2009]8 156

34. 1,337,849 537,680 1,875,529 537,680 (537,680) (307,142) (307,142) (265,092) (265,092) (795,276) (795,276) 508,019 508,019 974,386 974,386 (159,055) (159,055) (159,055) (159,055) 1,164,295 1,164,295 35. 530,183,784 10% 157

35. (i) (ii) (iii) 1 0.1% 5,000,000 2 537,680,000254,250,000 537,680,000 158

36. 93 36 37 120,456 120,456 120,549 120,492 14,210,454 16,743,444 12,728 5,766 588,555 746,480 1,895,609 806,855 16,707,346 18,302,545 482,550 2,746,906 24,091 11,153 506,641 2,758,059 16,200,705 15,544,486 16,321,254 15,664,978 33 15,156,959 15,156,959 34 1,164,295 508,019 16,321,254 15,664,978 159

37. * 250,000,000 88% 88% * 374,000,000 65% 65% * 800,000,000 95% 95% * 29 600,000,000 67% 94% * 330,000,000 44% 61% 100 100% 100% 2,000,000 100% 100% * 1 100% 100% * 1 100% 100% * 1 100% 100% 160

37. * 1 100% 100% Jade Green Investments Holding Limited 1 1 100% 100% Thechoice Finance Limited* 1 1 100% 100% Worldman Industrial Limited* 1 1 100% 100% Gumpert Industries Limited* 1 1 100% 100% 1 1 100% 100% Maxease Limited 1 1 100% 100% True Plus Limited 1 1 100% 100% 1 1 100% 100% * 161

38. 35% 12.25% 5% 711,489 1,222,645 1,658,053 4,901,796 4,492,077 4,418,491 1,595,444 1,369,652 1,594,057 463,816 711,134 482,612 3,554,025 3,633,936 3,999,875 858,820 196,839 130,003 838,391 1,714,383 1,868,705 309,502 532,698 604,870 520,346 771,782 853,523 11,151 62,359 30,232 278,587 27,226 599,611 475,419 765,583 (231,573) (144,843) (103,294) (1,061) (272,228) (239,801) 162

38. 35% 12.25% 5% 493,434 839,414 917,733 4,430,910 4,196,255 4,193,101 1,450,627 689,790 952,174 440,038 687,762 467,785 3,033,679 3,658,117 3,690,875 526,751 391,817 118,960 579,051 1,032,478 795,939 (169,496) 163,228 103,411 (341,062) (38,121) (95,563) (74,570) 26,054 4,710 108,896 98,123 96,582 (98,514) (87,065) (71,170) (129) (221) (63,986) 94,426,000 88,870,000 56% 39% 274,936,000 257,818,000260,427,000 244,555,000 163

38. 29 27% 160,784,000 33% 617,494,000 513,397,000 39. (a) 6,486 6,315 14,558 17,750 28,403 29,076 49,447 53,141 3 34 164

39. (b) 216,566 182,763 8,856 8,303 225,422 191,066 40. 6,472 27,226 3,714 431 4,145 37,843 165

41. (i) 1,560,000 1,560,000 (ii) 3,756,000 3,600,000 (iii) 793,389,000 605,626,000 32,860,000 14A.76(1)(a)0.1% 14A.76(2)(a)5%14A 501,938,000 630,113,000 4,237,000 2,957,000 (iv) 9,201,000 (v) 40,000,000 3.5% (vi) 15 166

41. 14A 42. (i) 167

42. (i) 448,995 321,179 1,540,808 2,029,933 20,026 1,975,671 375,213 29 1,582,258 20,586 469,021 3,516,479 375,213 321,208 3,612,191 20,586 168

42. (i) +5% 1,001 22,713 +5% 1 16,885-5% (1,001) (22,713) -5% (1) (16,885) +5% 18,761 +5% 1,029-5% (18,761) -5% (1,029) (ii) 90 179,417,000 135,525,000 169

42. (iii) 25 26 27 31 +25-25 +25-25 25 25 1,812 332 25 25 1,812 332 (iv) 21 170

42. (iv) (All Ordinary Index) 15.76% 11.96% 16.51% 12.53% 82,196,000 65,575,000 (v) 360 30 171

42. (v) 612,507 612,507 612,507 178,358 191,808 191,808 979,945 979,945 979,945 37,843 37,843 37,843 1,808,653 1,822,103 1,822,103 441,423 441,423 441,423 728,258 728,258 728,258 6,472 6,472 6,472 1,176,153 1,176,153 1,176,153 172

43. 3.12 3.18 345,159 156,376 629,679 474,617 974,838 630,993 871,004 869,556 1,426,791 1,074,095 45,414 43,106 200,000 162,083 76,927 1,540,808 2,029,933 3,323,659 1,794,286 7,369,759 6,087,903 8,344,597 6,718,896 612,507 441,423 178,358 979,945 728,258 37,843 6,472 1,808,653 1,176,153 173

43. (a) (b) 1 2 1 3 174

43. (b) 1 2 3 (a) 629,679 629,679 (b) 629,679 629,679 1 2 3 (a) 474,617 474,617 (b) 474,617 474,617 175

43. (b) (a) (b) 44. (a) (b) (c) 17,375,683,000 15,665,693,000 176

44. 4,148,719,000 3,665,164,000 45. Maxease Limited25,641,000 4.25 177

436 662(3) 6 3 406(2) 407(2) (3) 3,471,922 1,809,885 1,996,629 3,254,861 4,268,232 1,080,649 111,795 (416,471) (425,302) 1,115,066 21,694,645 19,104,456 20,727,669 23,999,978 26,870,908 (4,318,962) (3,438,763) (3,683,389) (4,430,378) (5,211,743) 17,375,683 15,665,693 17,044,280 19,569,600 21,659,165 (1,440,871) (1,146,669) (1,253,165) (1,643,065) (1,731,782) 15,934,812 14,519,024 15,791,115 17,926,535 19,927,383 178