Annual Report 2011 Xiwang Sugar Holdings Company Limited (Incorporated in Bermuda with limited liability)
目錄
2 公司資料 4 8 管理層討論及分析 主席報告 28 董事會及高級管理人員 34 企業管治報告 44 董事會報告 60 獨立核數師報告 134 五年財務概要 62 財務報表 135 組織架構 136 股東資料
公司資料 2011 5 31 2012 3 30 2012 3 30 (FCCA, CPA) Clarendon House 2 Church Street Hamilton HM 11 Bermuda 25 21 2110 2012 3 30 2012 3 30 2 2011
22 1 40 Conyers Dill & Pearman 8 1 2901 Butterfield Fulcrum Group (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke Bermuda 28 26 (852) 3104 0576 ir@xiwang-sugar.com.hk www.xiwang-sugar.com 3
主席報告 王勇 4 2011
親愛的股東 : 2011 12 31 20112010 11.5% 36.3 2010 12.5% 14.6% 2.56 1.79 2.8 3.8 35% 5
主席報告 14 9,200 3.25 1,400 5 2007 2011 7 20 2012 2 1 (GI) 1 88 75 8.25 6 2011
2007 2011 2010 6.1%2011 王勇 2012 3 30 1 GI 0 100 100 7
管理層討論及分析 1. 2001 2005 12 150 2 80 2 5 1 12 2 8 2011
2006 2010 2010 2007 2005 2009 2 365 9
管理層討論及分析 (1) (2) (1) C (GI) 10 2011
4:6 F42 42% 0.7 100 1.3-1.8 19 F42 1.0 62 1.0 65 200 0 11
管理層討論及分析 (2) 60% 20-25% 70% 12 2011
2. 2010 12 31 2011 2010 000 000 % 3,632,861 3,257,459 11.5 456,022 471,970 (3.4) 256,044 292,665 (12.5) 179,281 209,886 (14.6) 12.6% 14.5% (1.9) 7.0% 9.0% (2.0) 4.9% 6.4% (1.5) 16.1% 10.0% 16.5% 14.6%1.9 12.6% 2010 14.5% 13
管理層討論及分析 12 31 2011 2010 000 000 % 1,663,847 1,562,819 6.5 92,841 42,412 118.9 23,691 348,720 249,397 39.8 2,129,099 1,854,628 14.8 230,607 234,861 (1.8) 227,521 217,876 4.4 347,792 286,666 21.3 90,930 179,349 (49.3) 561,461 424,770 32.2 45,451 59,309 (23.4) 1,503,762 1,402,831 7.2 3,632,861 3,257,459 11.5 13% 15% 1% 46% 1% 48% 3% 6% 9% 9% 6% 7% 6% 3% 7% 10% 1% 8% 1% 2011 2010 14 2011
21.29 2010 18.55 59% 2010 57% 15.04 2010 14.03 41% 2010 43% 12 31 2011 2010 % 474,665 517,801 (8.3) 12,933 6,636 94.9 4,700 157,380 119,919 31.2 59,271 56,851 4.3 184,992 184,839 0.1 97,631 96,149 1.5 36,096 83,692 (56.9) 119,942 99,793 20.2 12 31 2011 2010 % 4,101 3,505 3,531 3,018 16.1 8,399 7,179 7,477 6,391 12.3 5,897 5,040 2,593 2,216 2,434 2,080 6.5 4,552 3,891 4,833 4,131 (5.8) 1,230 1,230 1,179 1,179 4.3 4,025 3,562 3,369 2,981 19.5 2,947 2,519 2,507 2,143 17.5 5,477 4,681 4,981 4,257 10.0 15
管理層討論及分析 1. 2. 3. 30 4. 16 2011
5. 2011 5 2011 6. 7. 8. 17
管理層討論及分析 12 31 2011 2010 000 000 % 3,218,086 2,817,110 14.2 414,775 440,349 (5.8) 3,632,861 3,257,459 11.5 11% 13% 89% 87% 2011 2010 89% 2010 87%11% 2010 13% 14.2% 5.8% 18 2011
12 31 2011 2010 000 000 % 2,354,038 2,052,157 14.7 174,756 165,710 5.5 403,527 338,387 19.3 91,115 89,023 2.3 79,542 59,256 34.2 73,861 80,956 (8.8) 3,176,839 2,785,489 14.0 3% 2% 2% 3% 3% 74% 3% 74% 13% 12% 5% 6% 2011 2010 31.77 2010 27.85 201014% 74% 2010 74%125 2010 123 3 83% 2010 82% 2,226 1,970 2010 1,910 1,690 16.5% 19
管理層討論及分析 3 12 31 2011 2010 % % 18.7 20.6 (1.9) 18.9 24.0 (5.1) 20.3 11.1 13.9 (2.8) (32.3) (12.0) (20.3) (5.4) 6.5 (11.9) 11.7 5.1 6.6 7.5 9.7 (2.2) 17.2 17.6 (0.4) 12.6 14.5 (1.9) 1.9 12.6% 20 2011
260 1.2820106.9% 7,400 2010 6,100 5.6% 2010 5.5% 21
管理層討論及分析 4,400 2010 7,700 5,400 2010 8,300 6.2% 4.7% 2010 5.7% 4.8% 700 2010 200 300 2010 400 3,300 2010 500 25% 25% 2010 25% 22 2011
2007 2010 12.5% 2010 11 2011 1 25 15 2011 15% 2010 12.5% 15.6% 2010 2.5% 2011 12 31 2010 12 31 232 549 1,432 1,565 404 792 2,149 1,966 3 1.24 1.67 4 0.56 0.52 3 4 23
管理層討論及分析 2011 12 31 2.32 2010 12 31 5.49 5,100 2010 3.29 1.35 2010 2.76 1.30 2010 2.83 1.33 2011 12 31 14.32 2010 12 31 15.65 1.33 2011 12 31 57% 2010 12 31 39% 2010 12 31 19.66 2011 12 31 21.49 2011 12 31 1.24 2010 12 31 1.67 2011 12 310.56 2010 12 31 0.52 1.63 2010 2.87 24 2011
2010 2009 9 112010 1 19 2011 9 23 2011 12 31 2011 12 31 3,2262010 12 31 3,047 25
管理層討論及分析 3. 2011 17.3% 18.9% 2011 10.6 24.5 2011 2012 1,200 200 1,400 (68%)(25%) 2011 2012 1.9 1.84 2012 2013 26 2011
600,000 2 2012 150,000 2 120,000 2 27
董事會及高級管理人員 董事執行董事 王勇主席兼執行董事 61 1986 1992 1993 1996 1996 2001 2001 2000 2004 2000 2001 2010 2 52.08% 2012 2 75% 2005 3 28 2011
張研行政總裁兼執行董事 47 2010 7 2010 11 30 王棣執行董事 28 2001 2005 2005 8 2006 1 2006 2010 11 30 29
董事會及高級管理人員 李偉執行董事 35 2003 2003 5 2005 11 44 2010 4 2011 5 31 2010 4 2011 5 2011 5 31 宋捷執行董事 ( 於 2011 年 5 月 31 日退任 ) 30 2011
韓忠執行董事 孫新虎執行董事 56 1980 1997 1997 1990 1992 2005 11 37 2003 1997 2004 2008 12 31
董事會及高級管理人員 551999 1991 1992 1992 1998 1998 1999 2011 1 2005 11 54 1982 1984 1984 1987 1987 1990 1990 2007 2 57 21 2005 11 32 2011
43 2008 5 2011 9 2011 9 2011 9 2011 3 20 1992 1999 2000 43 2007 6 15 2000 2004 2011 6 2 33
企業管治報告 14 A. 10 34 2011
B. (i) 2011 5 31 (ii) 8 35
企業管治報告 (iii) 6/8 3/8 4/8 2011 5 31 1/8 2/8 5/8 7/8 2/8 0/8 2/8 36 2011
(iv) 3.10(1) 21 (v) C. 37
企業管治報告 D. 2011 11 5 2007 2 14 2010 2 14 E. 2010 11 30 2012 3 30 2012 3 30 F. 2010 11 30 2012 3 30 2012 3 30 38 2011
2012 3 30 39
企業管治報告 G. 2011 12 31 000 2,200 250 H. 2010 12 31 2011 6 30 100% 40 2011
I. 2011 12 31 60 J. 41
企業管治報告 K. L. (i) (ii) 42 2011
3188 4518(ir@xiwang-sugar.com) (www.xiwang-sugar.com) 2012 3 30 43
董事會報告 2011 12 31 2012 3 30 2.8 3.8 1 2012 3 27 62,733,000 2012 5 22 2012 5 31 2012 5 907,709,900 62,733,000 6.2 6 44 2011
15 2011 12 31 12 134 2005 11 6 4 80,000,000 10% 7.93% 30% 121% 45
董事會報告 (i) (ii) (iii) 1.00 2005 11 6 2011 12 31 9,693,000 12 2011 2011 2011 12 31 1 1 12 31 2 2009 5 8 2,193,0000 4,386,000 2,193,000 1.32 2 4 1 2011 9 14 7,500,000 7,500,000 1.55 3 4 7,500,000 2,193,000 4,386,000 9,693,000 46 2011
1. 57 2. 2009 5 7 1.28 3. 2011 9 12 1.49 4. 2012 5 8 2,193,000 2012 9 13 2,333,333 2013 9 13 2,333,333 2014 9 13 2,333,334 2016 9 13 500,000 5. 12 47
董事會報告 13 30% 64.36% 33.52% 2011 12 3110.5% 2010 8.0% 33.7% 2010 33.3% 27 5% 2011 5 31 48 2011
87(1) 2010 11 2010 2 49
董事會報告 3.13 26 33 27 50 2011
2011 12 31 571XV 352 2011 12 31 1 2 562,494,077 55.77% (L) 3 2 128,722 (L) 64.36% 2 71,278 (L) 35.64% 2 3 (L) 100% 3,546 (L) 1.77% 3,546 (L) 1.77% 1,773 (L) 0.89% 1,773 (L) 0.89% 51
董事會報告 (1) L (2) 100% 64.36% 64.36% 1.77% 0.89% (3) XV (a) 2011 12 31 336 2011 12 31 1 562,494,077 55.77% (L) 2 562,494,077 55.77% (L) 3 562,494,077 55.77% (L) 52 2011
(1) L (2) (3) (b) XV (a) 2011 12 31 336 2011 12 31 14A A. 14A.35 53
董事會報告 2011 2012 2013 12 31 12 31 12 31 1. 3.13 3.44 3.79 2. 2.50 3. 2.23 4. 2.48 2.72 3.00 5. 4.18 4.60 5.05 6. 590 7. 1,600 52.08% 64.36% 54 2011
27 (1) (2) (3) 14A.38 (1) (2) (3) (4) 55
董事會報告 13.18 2010 3 213.18 2010 3 2 20,000,000 IFC 30.76% (1) (2) (3) (4) 51% 56 2011
2010 4 1 13.18 2010 4 1 20,000,000 (1) 45% (2) 100% (3) (a) (b) (c) 50% (d) 34 43 57
董事會報告 2011 12 31 25% 58 2011
2012 5 11 (i) 2012 5 9 2012 5 11 2012 5 84 30 28 26 (ii) 2012 5 18 2012 5 22 2012 5 174 30 (i) 28 26 (i) (ii) 2012 3 30 59
獨立核數師報告 62 133 2011 12 31 90 60 2011
2011 12 31 2012 3 30 61
綜合財務狀況表 2011 2010 12 31 000 000 6 1,824,965 1,760,168 7 234,298 239,510 16 5,051 5,512 2,064,314 2,005,190 9 584,148 560,570 10 1,156,885 766,898 13,264 27(e) 101,879 86,535 11 232,491 548,502 2,075,403 1,975,769 4,139,717 3,980,959 12 102,086 101,896 12 332,207 328,531 13 22 62,733 933,015 921,492 718,611 613,586 2,148,652 1,965,505 62 2011
綜合財務狀況表 2011 2010 12 31 000 000 15 319,447 831,549 14 483,008 420,636 8,084 27(e) 67,731 29,910 15 1,112,795 733,359 1,671,618 1,183,905 1,991,065 2,015,454 4,139,717 3,980,959 403,785 791,864 2,468,099 2,797,054 69 133 62 133 2012 3 30 63
財務狀況表 2011 2010 12 31 000 000 576 428 8 13 8(b), 27(e) 697,169 697,169 697,758 697,597 10 1,218 1,177 8(b), 27(e) 95,823 116,299 27(e) 45,467 82,649 27(e) 222,838 202,186 11 43,874 2,741 409,220 405,052 1,106,978 1,102,649 12 102,086 101,896 12 332,207 328,531 13 22 62,733 560,562 623,295 33,062 29,542 1,090,650 1,083,264 64 2011
財務狀況表 2011 2010 12 31 000 000 27(e) 16,266 18,750 14 62 635 16,328 19,385 16,328 19,385 1,106,978 1,102,649 392,892 385,667 1,090,650 1,083,264 69 133 62 133 2012 3 30 65
綜合全面收益表 2011 2010 12 31 000 000 5 3,632,861 3,257,459 17 (3,176,839) (2,785,489) 456,022 471,970 18 2,614 1,315 17 (128,236) (120,012) 17 (74,356) (60,608) 256,044 292,665 20 (43,523) (77,306) 212,521 215,359 21 (33,240) (5,473) 179,281 209,886 179,281 209,886 28 179,281 209,886 23 0.18 0.21 23 0.18 0.21 22 62,733 69 133 66 2011
綜合權益變動表 000 000 000 000 000 000 12 31 12 12 13 2010 1 1 87,953 24,036 769,916 590,422 280 1,472,607 209,886 209,886 12,500 279,080 291,580 1,638 1,638 151,576 (151,576) 186 2,274 2,460 1,257 21,503 (35,146) (12,386) (280) (280) 13,943 304,495 151,576 (186,722) (280) 283,012 2010 12 31 101,896 328,531 921,492 613,586 1,965,505 2011 1 1 101,896 328,531 921,492 613,586 1,965,505 179,281 179,281 1,288 1,288 231,344 (231,344) 184 2,247 2,431 6 141 147 (157,088) 157,088 190 3,676 74,256 (74,256) 3,866 2011 12 31 102,086 332,207 995,748 718,611 2,148,652 69 133 67
綜合現金流量表 2011 2010 12 31 000 000 24(a) 50,228 453,985 (89,460) (103,513) (11,431) (21,219) (50,663) 329,253 (565) (151,013) (279,468) 15,753 4,178 (135,260) (275,855) 2,431 294,040 147 810,000 1,524,908 (942,666) (2,089,122) (12,386) (130,088) (282,560) (316,011) (229,162) 548,502 777,664 232,491 548,502 69 133 68 2011
綜合財務報表附註 1. 8 2005 2 21 Clarendon House, 2 Church Street, Hamilton HM11, Bermuda 2005 12 9 2012 3 30 2. 2.1 4 69
綜合財務報表附註 2. 2.1 (a) 2011 1 1 32 2010 2 1 19 2010 7 1 7 12010 7 1 24 2011 1 1 14 2011 1 1 20102010 5 70 2011
綜合財務報表附註 2. 2.1 (b) 2011 1 1 1 7 12 1 10 27 11 12 13 19 28 9 2011 7 1 2011 7 1 2012 1 1 2012 7 1 2013 1 1 2013 1 1 2013 1 1 2013 1 1 2013 1 1 2013 1 1 2013 1 1 2015 1 1 71
綜合財務報表附註 2. 2.2.1 50% 72 2011
綜合財務報表附註 2. 2.2.1 (a) 39 73
綜合財務報表附註 2. 2.2.1 (b) 55 2.2.2 2.3 74 2011
綜合財務報表附註 2. 2.4 (a) (b) (c) a. b. c. 75
綜合財務報表附註 2. 2.5 40 15 5 10 5% 10% 2.8 76 2011
綜合財務報表附註 2. 2.6 2.7 2.8 77
綜合財務報表附註 2. 2.9 (a) 12 2.11 2.12 (b) (c) 78 2011
綜合財務報表附註 2. 2.9 (c) 2.10 79
綜合財務報表附註 2. 2.10 2.11 2.12 2.13 2.14 80 2011
綜合財務報表附註 2. 2.15 12 2.16 (a) 81
綜合財務報表附註 2. 2.16 (b) (c) 82 2011
綜合財務報表附註 2. 2.17 (a) 19% 2010 20%) (b) 83
綜合財務報表附註 2. 2.18 (a) 84 2011
綜合財務報表附註 2. 2.18 (b) 2.19 2.20 85
綜合財務報表附註 2. 2.20 (a) (b) 2.21 2.22 86 2011
綜合財務報表附註 3. 3.1 (a) (i) 2011 12 31 2011 12 31 2 2010 2% 3,645,000 2010 4,814,000 (ii) 87
綜合財務報表附註 3. 3.1 (a) (iii) 2011 12 31 43% 57% 2011 12 31 2010 12 31 2011 402010 27 ) 5,265,000 2010 4,881,000 (b) 2011 2010 12 31 88 2011
綜合財務報表附註 3. 3.1 (b) 2011 000 2010 000 232,432 548,155 12 340 232,444 548,495 2011 12 31 (c) 89
綜合財務報表附註 3. 3.1 (c) 1 1 2 2 5 5 000 000 000 000 2011 12 31 1,147,974 277,169 67,650 12,075 483,008 67,731 2010 12 31 738,637 556,224 339,335 38,749 420,636 29,910 2011 12 31 62 16,266 2010 12 31 635 18,750 90 2011
綜合財務報表附註 3. 3.2 70% 2011 12 31 2010 12 31 2011 2010 12 31 12 31 000 000 15 1,432,242 1,564,908 11 (232,491) (548,502) 1,199,751 1,016,406 2,148,652 1,965,505 56% 52% 2010 52% 2011 56% 91
綜合財務報表附註 3. 3.3 2011 12 31 4. (a) 92 2011
綜合財務報表附註 4. (b) (c) 2008 1 1 5% 10% 2008 1 1 2011 12 31 2010 93
綜合財務報表附註 5. 2011 12 31 000 000 000 2,129,099 2,995,695 5,124,794 (1,491,933) (1,491,933) 2,129,099 1,503,762 3,632,861 254,099 1,945 256,044 20 (43,523) 212,521 21 (33,240) 179,281 6 91,708 70,968 162,676 6 62,649 35,230 97,879 7 2,981 2,231 5,212 94 2011
綜合財務報表附註 5. 2010 12 31 000 000 000 1,854,628 2,728,594 4,583,222 (1,325,763) (1,325,763) 1,854,628 1,402,831 3,257,459 250,326 42,339 292,665 20 (77,306) 215,359 21 (5,473) 209,886 6 228,902 58,262 287,164 6 58,034 33,254 91,288 7 2,981 2,231 5,212 6 12,927 95
綜合財務報表附註 5. 2011 000 2010 000 3,218,086 2,817,110 414,775 440,349 3,632,861 3,257,459 6 7 10% 2010 96 2011
綜合財務報表附註 6. 000 000 000 000 000 2010 1 1 244,980 1,383,366 17,382 260,564 1,906,292 (22,151) (278,494) (2,258) (302,903) (1,758) (24,131) (25,889) 221,071 1,080,741 15,124 260,564 1,577,500 2010 12 31 221,071 1,080,741 15,124 260,564 1,577,500 1,475 20,279 2,758 262,652 287,164 55,370 137,973 7,213 (200,556) (245) (245) (36) (36) (6,103) (83,371) (1,814) (91,288) (12,927) (12,927) 271,813 1,142,450 23,245 322,660 1,760,168 2010 12 31 301,825 1,478,671 27,263 322,660 2,130,419 (28,254) (299,163) (4,018) (331,435) (1,758) (37,058) (38,816) 271,813 1,142,450 23,245 322,660 1,760,168 2011 12 31 271,813 1,142,450 23,245 322,660 1,760,168 4,012 1,099 157,565 162,676 118,558 340,090 7,047 (465,695) (7,112) (87,218) (3,549) (97,879) 383,259 1,399,334 27,842 14,530 1,824,965 2011 12 31 420,383 1,822,773 35,409 14,530 2,293,095 (35,366) (386,381) (7,567) (429,314) (1,758) (37,058) (38,816) 383,259 1,399,334 27,842 14,530 1,824,965 97
綜合財務報表附註 6. 22,757,000 2010 20,147,0005.68% 6.51% 2010 5.90% 6.86% 2011 12 31 462,727,000 2010 506,115,000 15 2011 12 31 56,445,000 2010 15,477,000 2011 12 31 7. 10 50 2011 000 2010 000 12 31 239,510 244,722 (5,212) (5,212) 234,298 239,510 12 31 258,177 258,177 (23,879) (18,667) 234,298 239,510 2011 12 31 150,491,000 2010 156,972,000 15 98 2011
綜合財務報表附註 8. (a) 2011 000 2010 000 * 13 13 * 18 500,00012(b) 99
綜合財務報表附註 8. (a) 2011 12 31 1 100% 1 100% 1,159,000,000 100% 10,000,000 100% 2011 3 30 100 2011
綜合財務報表附註 8. (b) 2011 2010 000 000 (i) 697,169 697,169 (ii) 95,823 116,299 792,992 813,468 (697,169) (697,169) (ii) 95,823 116,299 (i) (ii) 9. 2011 000 2010 000 305,216 392,365 95,576 78,156 183,356 90,049 584,148 560,570 101
綜合財務報表附註 9. 3,176,839,000 2010 2,772,562,000 2011 12 31 100,000,000 2010 15 10. 2011 2010 2011 2010 000 000 000 000 (a) 117,206 66,458 (b) 568,426 359,642 (c) 462,873 322,069 8,380 18,729 1,218 1,177 1,156,885 766,898 1,218 1,177 (a) 30 180 (b) (c) 20(a) 102 2011
綜合財務報表附註 10. 2011 000 2010 000 0 30 66,045 35,326 31 60 32,885 10,602 61 90 7,876 3,203 90 10,400 17,327 117,206 66,458 2011 12 31 2011 2010 2011 2010 000 000 000 000 1,151,254 742,432 4,396 23,939 877 1,235 527 1,218 300 1,156,885 766,898 1,218 1,177 2011 12 31 2010 12 31 103
綜合財務報表附註 11. 2011 2010 2011 2010 000 000 000 000 132,491 448,502 43,874 2,741 100,000 100,000 232,491 548,502 43,874 2,741 2.86 2010 2.07 182 2010 240 104 2011
綜合財務報表附註 11. 2011 12 31 2011 2010 2011 2010 000 000 000 000 186,051 544,506 685 123 25 27 45,755 3,873 43,849 2,714 232,491 548,502 43,874 2,741 12. 000 000 000 2010 1 1 847,376 87,953 24,036 111,989 (b) 1,638 1,638 (b) 2,193 186 2,274 2,460 142,296 12,500 279,080 291,580 14,438 1,257 21,503 22,760 2010 12 31 1,006,303 101,896 328,531 430,427 (b) 1,288 1,288 (b) 2,193 184 2,247 2,431 (a) 69 6 141 147 2011 12 31 1,008,565 102,086 332,207 434,293 105
綜合財務報表附註 12. 20 2010 200.1 2010 0.1 (a) 2011 1 21 167,717,242 2011 22012 2 22 2.55 69,000 2.55 2010 (b) 2005 11 6 80,000,000 2011 2010 1 1 1.32 4,386 1.32 6,579 1.55 7,500 1.32 (2,193) 1.32 (2,193) 12 31 1.50 9,693 1.32 4,386 106 2011
綜合財務報表附註 12. 9,693,000 2010 4,386,000 2010 2011 2,193,0002010 2,193,000 1.32 20101.32 2.19 20102.7 2011 2010 2017 3 13 1.55 500 2019 5 7 1.32 2,193 4,386 2021 9 13 1.55 7,000 9,693 4,386 0.584 1.42 57% 58%2.64%5.5 100.81% 1.54% 2011 9 14 19 107
綜合財務報表附註 13. 000 000 000 000 000 2010 1 1 117,023 144,471 36,569 471,853 769,916 (a) 23,552 23,552 128,024 128,024 2010 12 31 117,023 168,023 164,593 471,853 921,492 (a) 19,372 19,372 (b) 211,972 211,972 (c) (13,963) (99,929) (43,196) (157,088) 2011 12 31 103,060 87,466 333,369 471,853 995,748 000 000 000 (d) 2010 2011 12 31 151,442 471,853 623,295 (a) 10% 2011 12 31 10% 108 2011
綜合財務報表附註 13. (b) 2011 3 2011 211,972,000 2012 3 2011 174,353,000 2011 2012 12 31 (c) (d) 8(a) 2005 14. 2011 2010 2011 2010 000 000 000 000 190,909 124,191 195,864 208,095 35,283 30,028 62 635 24,510 4,341 36,442 53,981 483,008 420,636 62 635 109
綜合財務報表附註 14. 2011 000 2010 000 0 30 48,817 32,697 31 60 59,277 24,996 61 90 32,827 30,638 90 49,988 35,860 190,909 124,191 2011 12 31 153,017,000 2010 164,111,000 2011 12 31 110 2011
綜合財務報表附註 15. 2011 2010 000 000 (b) 25,204 279,472 207,000 440,000 (b),(c) 87,243 112,077 319,447 831,549 (b) 100,000 (b) 50,407 52,982 (a) 710,000 610,000 233,000 50,000 (b),(c) 19,388 20,377 1,112,795 733,359 1,432,242 1,564,908 111
綜合財務報表附註 15. (a) 200,000,000 2011 27(c) (b) (c) 2011 12 31 100,000,000 100,000,000 182,242,000 2010 464,908,000 6 7 7 20,000,000 2011 12 31 2011 2010 2011 2010 000 000 000 000 1 1,093,407 712,982 19,388 20,377 1 2 232,204 485,981 19,387 20,378 2 5 233,491 58,162 61,133 5 9,694 30,566 1,325,611 1,432,454 106,631 132,454 2011 2010 2011 2010 000 000 000 000 5 1,325,611 1,432,454 5 106,631 132,454 1,325,611 1,432,454 106,631 132,454 112 2011
綜合財務報表附註 15. 2011 2010 6.150% 5.696% 4.682% 4.757% 2011 12 31 2011 000 2010 000 1,250,000 1,300,000 182,242 264,908 1,432,242 1,564,908 113
綜合財務報表附註 16. 2010 2011 2011 000 2010 000 12 4,590 5,051 12 461 461 5,051 5,512 000 2010 1 1 3,236 21 2,276 2010 12 31 5,512 21 (461) 2011 12 31 5,051 114 2011
綜合財務報表附註 16. 2011 12 31 2,860,000 (2010 11,440,000 (2010 11,440,000 2016 2011 12 31 2010 17. 2011 2010 000 000 9 (110,727) (40,972) 2,624,376 2,258,629 447,673 351,696 6 7 103,091 96,500 102,357 101,158 19 137,005 107,307 39,931 36,246 6 12,927 2,200 3,000 33,525 39,618 3,379,431 2,966,109 3,176,839 2,785,489 128,236 120,012 74,356 60,608 3,379,431 2,966,109 115
綜合財務報表附註 18. 2011 000 2010 000 1,792 1,675 (245) (473) 822 358 2,614 1,315 19. 2011 000 2010 000 126,952 99,506 8,765 6,163 1,288 1,638 137,005 107,307 116 2011
綜合財務報表附註 19. (a) 2011 12 31 000 000 000 000 000 000 000 000 120 8 128 124 124 100 100 100 100 (i) (i) 2011 5 31 117
綜合財務報表附註 19. (a) 2010 12 31 000 000 000 000 000 000 000 000 173 173 (ii) 21 21 (ii) 12 5 17 114 114 114 5 119 136 5 141 130 130 100 100 100 100 (i) 125 5 130 (i) 104 5 109 (ii) 10 10 (i) 85 5 90 (i) 2010 11 30 (ii) 2010 11 30 2011 20101,250,000 2010 465,500 118 2011
綜合財務報表附註 19. (b) 2011 2010 2011 2010 2011 000 2010 000 2,921 2,927 1,288 1,638 47 43 4,256 4,608 2011 2010 0830,350 0 1,000,000 4 4 830,351 1,660,700 1,000,0012,000,000 1,660,701 2,491,050 2,000,0013,000,000 2,491,051 3,321,400 3,000,0014,000,000 1 1 5 5 119
綜合財務報表附註 20. 2011 000 2010 000 89,460 103,513 (a) (12,690) 6 (22,757) (20,147) (7,427) (1,882) (3,063) (4,178) 43,523 77,306 (a) 10(c) 300,000,000 2011 12 31 2011 2010 2011 2010 000 000 000 000 5 83,646 99,909 5 5,814 3,604 83,646 99,909 5,814 3,604 120 2011
綜合財務報表附註 21. 2011 2010 2011 2010 25% 2011 25% 2010 25% 2007 2010 12.5% 2010 11 2011 1 25 15 2011 15% 2008 1 1 2008 1 1 2011 12 31 121
綜合財務報表附註 21. 2011 2010 000 000 34,235 7,749 (1,456) 32,779 7,749 16 461 (1,681) (595) 461 (2,276) 33,240 5,473 2011 2010 000 000 212,521 215,359 25% 2010 25% 53,130 53,840 (23,389) (22,780) (27,335) (1,456) 2,095 2,343 2,860 (595) 33,240 5,473 122 2011
綜合財務報表附註 21. 2007 662007 7 41,121,000 2010 22. 2012 3 30 2.8 1 2 3.8 1 2012 3 27 29 62,733,000 2011 12 312010 2012 5 11 2011 12 31 2011 000 2010 000 2.8 2010 28,240 3.8 2010(i) (ii) 34,493 62,733 (i) (ii) 2012 5 29 907,709,900 62,733,000 6.2 123
綜合財務報表附註 23. (a) 2011 2010 000 179,281 209,886 1,007,762 976,615 0.18 0.21 (b) ( ) 2011 2010 000 179,281 209,886 1,007,762 976,615 1,142 2,726 1,008,904 979,341 0.18 0.21 124 2011
綜合財務報表附註 24. (a) 2011 2010 000 000 212,521 215,359 6 97,879 91,288 7 5,212 5,212 19 1,288 1,638 6 12,927 18 245 473 20 50,950 79,188 (23,578) (182,911) (389,987) 181,193 (15,344) (7,510) 73,466 32,367 37,821 25,558 (1,042) 50,228 453,985 125
綜合財務報表附註 24. (b) 2011 000 2010 000 6 245 18 (245) 25. 2010 2009 9 11 2010 1 19 2011 9 23 2011 12 31 126 2011
綜合財務報表附註 26. 2011 000 2010 000 4,844 125,877 69,530 486 74,374 126,363 2011 000 2010 000 1,577 1,531 1,139 600 2,716 2,131 127
綜合財務報表附註 27. 2011 12 31 56 44% 2011 12 31 Xiwang Group Company Limited ( Xiwang Group ) Shandong Xiwang Food Company Limited ( Xiwang Food ) (i) (i) Xiwang Investment Company Limited ( Xiwang Investment ) Xiwang Hong Kong Company Limited ( Xiwang Hong Kong ) Xiwang Pharmaceutical Company Limited ( Xiwang Pharmaceutical ) (i) 2010 12 52.08% 128 2011
綜合財務報表附註 27. (a) 2011 000 2010 000 361,148 10,017 261,488 286,666 5,426 38,349 3,064 1,491 132 50 222,869 376 631,258 559,818 129
綜合財務報表附註 27. (b) 2011 000 2010 000 (i) 10,310 1,377 (ii) 3,602 15,289 (i) (ii) 20102010 2011 (c) 2011 12 31 200,000,000 2010 15(a) 130 2011
綜合財務報表附註 27. (d) 2011 000 2010 000 2,352 3,202 28 48 1,288 1,638 3,668 4,888 12 2010 15 (e) 2011 000 2010 000 100,323 85,277 1,298 1,066 258 192 101,879 86,535 42,642 1,726 25,081 24,553 8 8 3,623 67,731 29,910 131
綜合財務報表附註 27. (e) 2011 000 2010 000 45,443 80,348 24 25 2,276 8 792,992 813,468 222,838 202,186 1,061,297 1,098,303 14,130 2,135 2,240 1 16,510 16,266 18,750 (i) (ii) 8 2011 12 31 132 2011
綜合財務報表附註 28. 3,520,000 2010 9,373,000 29. 22 2011 6 30 850,000,000 2012 1 27 825,000,000 2012 1 27 0.1 1.18 907,709,900 1,071,098,000 871,401,000 2012 3 2 2012 5 3 0.01 2012 3 27 133
五年財務概要 2011 2010 2009 2008 2007 3,633 3,257 2,481 2,544 2,062 456 472 317 220 464 382 395 269 216 521 256 293 172 50 406 179 210 102 64 361 12 31 2,075 1,976 2,184 1,041 1,271 2,065 2,005 1,826 1,656 1,507 4,140 3,981 4,010 2,697 2,778 1,672 1,184 2,347 1,329 507 319 831 190 847 1,991 2,015 2,537 1,329 1,354 2,149 1,966 1,473 1,368 1,424 4,140 3,981 4,010 2,697 2,778 0.18 0.21 0.12 0.08 0.44 0.028 0.037 0.027 0.150 0.038 (%) 12.6 14.5 12.8 8.6 22.5 (%) 7.0 9.0 6.9 2.0 19.7 (%) 4.9 6.4 4.1 2.5 17.5 1.24 1.67 0.93 0.78 2.51 0.56 0.52 0.92 0.45 0.48 134 66 61 59 55 53 9 14 23 18 14 18 15 28 27 18 2011
組織架構 2011 12 31 西王投資有限公司 55.77% 公眾持有 44.23% 西王糖業控股有限公司 ( 百慕達 ) 100% 榮華國際有限公司 ( 英屬處女群島 ) 100% 永華有限公司 ( 香港 ) 100% 山東西王生化科技有限公司 ( 中國 ) 100% 西王糖業 ( 北京 ) 有限公司 ( 中國 ) 100% 135
股東資料 2011 2012 3 30 2011 5 11 www.xiwang-sugar.com 2088 2088 HK EQUITY 2,000 12 31 2011 12 31 1,170 1,008,565,508 1.16 (www.hkex.com.hk) (www.xiwang-sugar.com) (i) 2012 5 9 2012 5 11 2012 5 8 4 30 28 26 136 2011
股東資料 (ii) 2012 5 18 2012 5 22 2012 5 174 30 (i)28 26 2012 5 11 (www.hkex.com.hk) (www.xiwang-sugar.com) 2012 4 11 Butterfield Fulcrum Group (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke Bermuda 28 26 1 1.234 137
Thank you! 謝謝!
Xiwang Sugar Holdings Company Limited (Incorporated in Bermuda with limited liability) * For identification purpose only Printed on recycled paper