於百慕達註冊成立之有限公司 股份代號 1031 年報 2010 Golden Resorts Group Limited 黃金集團有限公司 Golden Resorts Group Limited 黃金集團有限公司 Golden Resorts Group Limited 黃金集團有限公司 (Incorporated in Bermuda with limited liability) Stock Code: 1031 Annual Report 2010 Annual Report 年報 2010
2 3 4 7 13 21 23 24 25 26 27 28 29 1
99 15 1 15 44 Clarendon House 2 Church Street Hamilton HM11 Bermuda 1 28 2809 Butterfield Fulcrum Group (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke HM08 Bermuda 28 26 1031 http://www.goldenresortsgroup.com Conyers Dill & Pearman 8 2901 2
3
4 541,000,000414,000,000 31% 159,000,000131,000,000 21% 382,000,000 283,000,000 35% 99,600,000 229,900,000 14,800,000 107,600,000 4,700,000 93,700,000 2.06 5.64 159,000,000 131,000,000 29%32% 70% 382,000,000 283,000,000 35%71%68% 65 8 186 4,700,000 152,100,000 13,600,000 16,800,000
5 (i) 1,435,680,377 (ii) 1,350,000 (iii) 16,000,000 (iv) 1,000,000 443,166,000 0.411 28 28 26 175,800,000 237,000,000 152,200,000 154,300,000 3,816,000,0001,208,000,000 617,000,000 22.820.9 26
74% 69% 30% 5% 700 101,906,000 Active Dynamic Limited Kingston Capital Asia Limited 12,000,000,000 (i) (ii) (iii)(iv) (v)(vi) 14 6
14 (a) (b) 7
8
6/9 6/9 8/9 8/9 2/2 1/1 7/9 1/2 1/1 8/9 2/2 1/1 14 9
10
(a) 10 (b) (c) 21 22 540,000 53,000 11
540,000 1. 13,000 2. 40,000 53,000 593,000 http://www.goldenresortsgroup.com 12
17 23 5 31 27 31 1,030,000 16 17 13
541,247 413,739 421,748 474,135 442,516 64,349 541,247 413,739 421,748 474,135 506,865 100,904 231,687 (179,910) 139,245 121,399 (1,199) 100,904 231,687 (179,910) 139,245 120,200 99,558 229,915 (180,816) 137,719 120,064 3,875,279 3,252,731 2,859,876 3,484,791 2,982,584 (55,526) (44,815) (34,915) (174,045) (351,998) (3,886) (2,540) (2,568) (5,662) (10,136) 3,815,867 3,205,376 2,822,393 3,305,084 2,620,450 (1) (2) 17 14
28 30 28 87(1) 3.13 15
58 18 28 52 18 41 15 53 Wharton School 16
41 14 15 6028 Youngstown State University American College Pacific Union Real Estate Company 35 17
XV (a)xv78 (b)352 (c) 6,772,269,895 5,256,080,000 12,028,349,895 233.11% 1 2 6,772,269,895 5,256,080,000 12,028,349,895 233.11% 1 2 88,788,000 88,788,000 0.86% 3 (1) 12,028,349,8951,881,329,896 Sure Expert Limited15,939,999 4,875,000,000 Active Dynamic LimitedSure Expert Limited Active Dynamic Limited 6,772,269,895 (2) Active Dynamic Limited5,250,000,000 0.80 5,250,000,000 4,200,000,0006,080,000 6,080,000 5,256,080,000 (3) 88,788,00088,788,000 XVXV XV352 18
18 336 Sure Expert Limited 1 1,881,329,896 1,881,329,896 36.46% Active Dynamic Limited 2 4,875,000,000 5,250,000,000 10,125,000,000 196.23% 3 1,125,000,000 1,125,000,000 21.80% 4 18,852,000 1,530,750,000 1,549,602,000 30.03% 5 (1) Sure Expert LimitedSure Expert Limited (2) Active Dynamic LimitedActive Dynamic Limited (3) (4) (5) 1,530,750,000405,750,000Choose Right Limited 1,125,000,000 1,125,000,000 19
35 3.21 10 14 25% 20
GRAHAM H.Y. CHAN & CO. CERTIFIED PUBLIC ACCOUNTANTS (Practising) HONG KONG 23 80 90 21
99 15 1 22
4 541,247 413,739 (16,771) (13,574) (236,981) (175,838) 287,495 224,327 6 31,582 7,994 361 786 4,170 4,743 93,666 (14,778) 107,569 (154,307) (152,173) 9 (5,811) (20,801) 7 (48,381) (33,850) (1) 100,904 231,687 8 9 100,904 231,687 10 99,558 229,915 1,346 1,772 100,904 231,687 12 2.06 5.64 1.98 5.62 11 23
100,904 231,687 13 (20,321) (53,392) 1,913 1,740 (1,372) (18,408) (53,024) 82,496 178,663 81,150 176,891 1,346 1,772 82,496 178,663 24
16 2,206,347 2,305,632 2,343,959 12,702 7,711 29 5,575 5,575 5,575 18 400,000 4,121 2,611,922 2,315,328 2,369,947 19 2,925 2,105 2,060 20 5,960 4,047 2,307 21 152,070 152,609 38,055 22 401,328 76,751 23 83,948 50,261 43,616 24 617,126 651,630 403,891 1,263,357 937,403 489,929 25 55,526 44,218 33,622 26 597 1,246 47 55,526 44,815 34,915 1,207,831 892,588 455,014 3,819,753 3,207,916 2,824,961 30 103,198 88,678 73,863 3,712,669 3,116,698 2,748,530 3,815,867 3,205,376 2,822,393 3,886 2,540 2,568 3,819,753 3,207,916 2,824,961 23 80 25
16 89 163 17 1,432,487 2,087,671 18 400,000 1,832,576 2,087,834 23 5,413 2,269 17 401,328 76,751 24 506,242 62,778 912,983 141,798 25 2,410 1,835 910,573 139,963 2,743,149 2,227,797 30 103,198 88,678 31 2,639,951 2,139,119 2,743,149 2,227,797 26
73,863 1,650,305 274 814 716,344 8,512 1,372 235 370,674 2,822,393 2,568 2,824,961 229,915 229,915 1,772 231,687 (53,392) 368 (53,024) (53,024) (53,392) 368 229,915 176,891 1,772 178,663 (17,564) 17,564 15 285 (66) 234 234 14,770 250,662 265,432 265,432 30 1,001 1,031 1,031 13,258 13,258 13,258 (8,532) 8,532 (73,863) (73,863) (73,863) (1,800) (1,800) 88,678 1,902,253 274 814 645,388 13,172 1,740 235 552,822 3,205,376 2,540 3,207,916 88,678 1,902,253 274 814 642,569 13,172 1,740 235 551,151 3,200,886 2,540 3,203,426 17 2,819 1,671 4,490 4,490 88,678 1,902,253 274 814 645,388 13,172 1,740 235 552,822 3,205,376 2,540 3,207,916 99,558 99,558 1,346 100,904 (20,321) 1,913 (18,408) (18,408) (20,321) 1,913 99,558 81,150 1,346 82,496 (16,077) 16,077 (10) (300) 10 (10) (310) (310) 173 3,292 (759) 2,706 2,706 14,357 488,131 502,488 502,488 24,457 24,457 24,457 (35) 35 103,198 2,393,376 284 814 608,990 36,835 3,653 235 668,482 3,815,867 3,886 3,819,753 27
100,904 231,687 1 (27,674) (5,628) (2,785) (1,412) (4,170) 99,862 105,219 2,316 17,306 3,495 3,495 14,778 (107,569) 24,457 13,258 215,353 252,187 (820) (45) 539 (106,995) (36,330) (10,721) 11,308 10,596 190,050 145,022 (47) 190,050 144,975 (33,871) (30,021) (400,000) (4,121) 15,652 75,000 (388,750) (76,751) 15,995 6,209 2,785 1,412 (728,841) (87,620) 265,432 2,706 234 502,488 1,031 (310) (1) (73,863) (1,800) 504,884 191,033 (33,907) 248,388 651,033 402,645 617,126 651,033 28
1 17 2 (a) 38 29
2 (b) 2(f) 30
2 (b) (c) 10% 50% 20% 33% 10% 31
2 (c) (d) 2(h) (e) (f) 32
2 (f) 39 33
2 (f) 30 34
2 (f) 39 35
2 (f) (i) (ii) 2(l) (g) (h) 36
2 (h) (i) (i) (ii) 37
2 (i) (iii) 2(j) (iv) (j) 28 (k) 38
2 (k) (l) (m) (i) (ii) (iii) (iv) 39
2 (n) (i) (ii) (iii) (a) (b) (c) (o) 40
2 (p) (i) (ii) (iii) (i) (ii) (iv) (ii) (iii) (v) (q) 3 27 39 1 1 2 3 17 5 5 17 41
3 17 17 17 (18,408) (15,648) 19,099 19,099 13,971 (109,349) (14,778) 107,569 (116) 1,671 27,390 2,819 27,274 4,490 0.04 42
3 17 17 1,702,472 641,487 2,343,959 15,775 (15,775) 625,712 (625,712) 716,344 716,344 370,674 370,674 1,569,405 736,227 2,305,632 21,306 (21,306) 710,431 (710,431) 642,569 2,819 645,388 551,151 1,671 552,822 1,475,917 730,430 2,206,347 19,099 (19,099) 679,568 (679,568) 578,791 30,199 608,990 666,918 1,564 668,482 43
3 1 12 2 24 3 32 4 1 7 5 1 6 9 7 14 3 19 5 1 2 3 4 5 6 7 9 9 39 (i)(ii) 9 4 119,069 92,724 37,518 36,611 379,988 279,829 4,672 4,575 541,247 413,739 44
5 (a) (b) (c) (d) 45
5 123,741 35,505 382,001 5,665 546,912 30,064 13,035 43,099 153,805 35,505 395,036 5,665 590,011 98,965 (2,562) 162,240 7,844 266,487 25 5,060 5,085 (72,654) (20,127) (3,979) (96,760) 4,743 4,743 (3,495) (3,495) (2,316) (2,316) (10,773) (3,715) (290) (14,778) 1,689,513 446,839 239,279 152,427 2,528,058 31,700 448 5,794 37,942 8,694 12,767 21,907 6 43,374 46
5 97,299 33,555 282,885 5,245 418,984 26,400 15,962 42,362 123,699 33,555 298,847 5,245 461,346 71,912 (3,823) 115,369 99,533 282,991 4 3,048 597 3,649 (70,340) (25,040) (6,807) (102,187) 93,666 93,666 (3,495) (3,495) (17,306) (17,306) 75,816 25,476 6,277 107,569 (1) (1) 1,613,656 559,367 746,793 155,649 3,075,465 27,469 2,522 29,991 10,532 13,922 14,027 7 38,488 47
5 590,011 461,346 (43,099) (42,362) (5,665) (5,245) 541,247 413,739 266,487 282,991 1,123 954 27,674 5,628 (49,472) (26,176) (99,862) (105,219) (24,457) (13,258) (3,495) (3,495) (2,316) (17,306) (14,778) 107,569 (1) 100,904 231,687 2,528,058 3,075,465 5,575 5,575 400,000 401,328 76,751 5,960 4,047 534,358 90,893 3,875,279 3,252,731 43,374 38,488 12,152 6,327 55,526 44,815 48
5 10% 375,727 279,976 6 27,674 5,628 2,785 1,412 1,123 954 31,582 7,994 7 34,471 33,031 214 208 13,696 611 48,381 33,850 53,525 54,454 101,906 88,304 49
8 (a) (b) 100,904 231,687 11,379 30,848 8,080 4,226 (27,617) (22,041) (973) (16,052) 9,131 3,019 12%16.5% 50
9 16,771 13,574 540 500 13 16 40 45 99,862 105,219 9,176 7,919 1,262 5,811 20,801 3,495 3,495 2,316 17,306 (9,273) (1,593) 10 13,989,000 90,149,000 11 1 73,863 51
12 2.06 5.64 1.98 5.62 (a) 99,558 229,915 4,844,402,854 4,079,677,124 (b) 4,844,402,854 4,079,677,124 150,164,105 11,630,829 42,021,465 5,036,588,424 4,091,307,953 52
13 (20,321) (20,321) (53,392) (53,392) 1,913 1,913 1,740 1,740 (1,372) (1,372) 1,913 1,913 368 368 (18,408) (18,408) (53,024) (53,024) 14 6,500 6,000 1,489 12 14,001 1,948 9,648 12 11,608 650 650 60 60 60 60 60 60 830 8,448 6,000 11,137 24 26,439 53
14 6,500 5,000 12 11,512 1,720 438 12 2,170 650 650 60 60 60 60 60 60 830 8,220 5,000 438 24 14,512 15 14 1,939 1,732 13 12 213 61 2,165 1,805 1,000,0001,000,000 1,500,000 1,000,000 54
16 1,523,916 325,588 6,575 25,618 1,881,697 17 641,487 641,487 2,165,403 325,588 6,575 25,618 2,523,184 29,626 395 30,021 (78,639) (1,600) (80,239) 1,355 1,355 2,166,758 276,575 5,370 25,618 2,474,321 276,575 5,370 25,618 307,563 2,166,758 2,166,758 2,166,758 276,575 5,370 25,618 2,474,321 1,430,531 276,575 5,370 25,618 1,738,094 17 736,227 736,227 2,166,758 276,575 5,370 25,618 2,474,321 37,837 155 37,992 (26,336) (26,336) (89,278) (89,278) 2,077,480 288,076 5,525 25,618 2,396,699 288,076 5,525 25,618 319,219 2,077,480 2,077,480 2,077,480 288,076 5,525 25,618 2,396,699 173,699 4,672 854 179,225 52,822 48,690 1,145 2,562 105,219 (61,333) (1,600) (62,933) (52,822) (52,822) 161,056 4,217 3,416 168,689 161,056 4,217 3,416 168,689 54,179 42,486 636 2,561 99,862 (24,020) (24,020) (54,179) (54,179) 179,522 4,853 5,977 190,352 2,077,480 108,554 672 19,641 2,206,347 2,166,758 115,519 1,153 22,202 2,305,632 55
16 (a) (b) (c) 35,099,00020,321,000 54,177,00053,392,000 107,569,000 (d) 1,513,200,000 1,552,001,000 2,431 1,041 3,472 31 31 2,462 1,041 3,503 49 49 2,511 1,041 3,552 1,957 913 2,870 342 128 470 2,299 1,041 3,340 123 123 2,422 1,041 3,463 89 89 163 163 56
17 1 2,242,127 2,298,648 (408,313) (134,226) 1,833,815 2,164,422 (401,328) (76,751) 1,432,487 2,087,671 401,328,000 76,751,000 1312 1 100% 100% Futuremind Holdings Limited 1 100% 100% GR Casa Real Holdings Limited 5 100% 100% 2 100% 100% 100,000 100% 100% Glory State Limited 1 100% 100% 57
17 100,000 100% 100% Goventure Finance Limited^ 1 100% 100% Next Champion Limited 1 100% 100% 28 * 10,000,000 80% 80% Target All Investments Limited^ 1 100% 100% Good Start Group Limited^ 1 100% 100% Brilliant Red Limited # 1 100% 100% Crystal Sea Group Limited^ 1 100% 100% Noble Brand Limited # 1 100% 100% Right Business Limited # 100 100% 100% # ^ * 28 58
17 115,819 (115,819) 18 400,000 Kingston Capital Asia Limited 19 2,925 2,105 20 5,960 4,047 1,913,000 1,740,000 59
21 152,070 152,609 22 401,328 76,751 50,000,000 A 13 80,000,000(i) 25% (ii)a A18.89%(i)A 75.56% 90% (ii) 34 17% A 3 12 60
23 72,201 42,519 11,747 7,742 5,413 2,269 83,948 50,261 5,413 2,269 0 30 59,981 29,406 31 60 12,148 12,597 61 90 782 967 90 18,790 15,554 91,701 58,524 (19,500) (16,005) 72,201 42,519 30 32 16,005 12,510 3,495 3,495 19,500 16,005 19,500,000 16,005,000 19,500,000 16,005,000 61
23 59,690 29,115 1 11,857 12,308 1 3 654 874 3 222 12,511 13,404 72,201 42,519 24 491,454 586,261 446,908 44,617 357 3,039 125,315 62,330 59,334 18,161 617,126 651,630 506,242 62,778 26 (597) 617,126 651,033 62
25 16,162 13,472 39,364 30,746 2,410 1,835 55,526 44,218 2,410 1,835 6,000,000 5,000,000 400,000 200,000 0 30 9,395 8,138 31 60 4,498 3,628 61 90 1,461 1,567 90 808 139 16,162 13,472 26 597 27 5% 20,000 63
28 1 30% 1% (i)(ii) (iii) 0.411 12,160,000 12,160,000 0.156 10,000,000 10,000,000 0.411 78,788,000 78,788,000 0.156 148,475,545 (16,000,000) 132,475,545 0.215 443,166,190 443,166,190 0.411 321,218,000 321,218,000 0.156 6,000,000 (1,350,000) (2,400,000) 2,250,000 0.411 31,000,000 (1,000,000) 30,000,000 607,641,735 443,166,000 (17,350,000) (3,400,000) 1,030,057,735 0.402 64
28 0.1225 0.1422 0.414 0.414 0.411 0.411 82.629% 73.33% 82.63% 1 0.496 2.918 0.255% 0.210% 0.976% 2.414% 2.405% 4.868% 15% 30% 45% 60% 80% 100% AB8,610,0003,690,000 A B 15% 30% 45% 60% 80% 100% 65
28 0.0437 0.153 0.156 66.827% 1.5 0.911% 4.334% 20% 35% 50% 65% 80% 100% 6,150,000 24,457,000 13,258,000 66
29 3 5,572 5,575 3 5,572 5,575 3 5,572 5,575 201,955,000 242,880,000 46,429,000 46,429,000 34,106 46,062 52,528 34,106 33,655 75,149 35,237 41,134 155,526 196,451 30 0.01 30,000,000,000 300,000 30,000,000,000 300,000 8,867,766,956 88,678 7,386,323,823 73,863 (1,000,000) (10) 1,435,680,377 14,357 2,943,133 30 1,477,000,000 14,770 17,350,000 173 1,500,000 15 10,319,797,333 103,198 8,867,766,956 88,678 67
30 1,000,000 1,000,000 0.31 310 502,488,000 1,435,680,3770.01 2,706,000 17,350,0000.01 26 597 24 617,126 651,630 617,126 651,033 3,819,753 3,207,916 68
31 27 1,650,305 69,332 8,512 274 129,270 1,857,693 285 (66) 219 1,001 1,001 250,662 250,662 13,258 13,258 (8,532) 8,532 90,149 90,149 (73,863) (73,863) 1,902,253 69,332 13,172 274 154,088 2,139,119 1,902,253 69,332 13,172 274 154,088 2,139,119 (300) 10 (10) (300) 3,292 (759) 2,533 488,131 488,131 24,457 24,457 (35) 35 (13,989) (13,989) 2,393,376 69,332 36,835 284 140,124 2,639,951 (a) (b) (i) (ii) (c) 2 28 (d) 209,456,000 223,420,000 69
32 (a) 5,960 4,047 152,070 152,609 2,242,127 2,298,648 401,328 76,751 74,194 43,596 1,554 43 617,126 651,630 506,242 62,778 1,092,648 771,977 2,749,923 2,361,469 1,250,678 928,633 2,749,923 2,361,469 408,313 134,226 25,114 29,855 312 1,173 597 25,114 30,452 408,625 135,399 (b) (i) 70
32 (b) (i) 29,751 31,536 414,326 21,000 401,328 2%2%4%2% 4% 2%2%4% 2% 2%4% 2% 2% 4% 8,286 420 16,053 71
32 (b) (i) 100 100 5,708,000 6,196,000 21 20 10% 15% 10% 10% 12,698 10% 596 15% 19,114 15% 607 72
32 (b) (ii) 30 73%56%78% 63% 22 23 (iii) 73
32 (b) (iii) 25,114 25,114 25,114 29,855 29,855 29,855 597 597 597 25,114 25,114 25,114 30,452 30,452 30,452 408,625 408,625 408,625 135,399 135,399 135,399 (c) 74
32 (d) 7 152,070 152,070 5,960 5,960 152,070 5,960 158,030 152,609 152,609 4,047 4,047 152,609 4,047 156,656 75
33 (a) 1,792 868 3,650 33 5,442 901 (b) 2,287 8,512 104 1,378 2,391 9,890 34 2,084 4,763 17,191 14,520 19,275 19,283 76
34 Active Dynamic Limited Kingston Capital Asia Limited12,000,000,000 (i) 2,000,000,000 (ii) 1,000,000,000 (iii) 4,800,000,000 0.80 (iv) 4,200,000,0000.80 400,000,00018 35 (a) 14 15 17,217 15,782 37 36 11,350 499 28,604 16,317 7 77
35 (b) 1 2 900 1 3 6,831 8 3 31 249 4 210 5 2 1,000 1,000 894 894 (1) (2) (3) 2.5% 0.25% (4) 0.001 (5) 36 3,272,727 78
37 (i) 34 Kingston Capital Asia Limited (ii) 20.010.02 9,750,000,0000.02 5,250,000,0000.02 300,000,00015,000,000,0000.02 600,000,00024,750,000,0000.02 5,250,000,0000.02 Golden Resorts Group LimitedKingston Financial Group Limited 38 16 79
38 39 17 80