HOPEWELL HOLDINGS LIMITED Annual Report 2001

HOPEWELL HOLDINGS LIMITED Annual Report 2001

HOPEWELL HOLDINGS LIMITED ANNUAL REPORT 2001 1

HOPEWELL HOLDINGS LIMITED ANNUAL REPORT 2001 1

2 3% 21% 16% 30% 30% =1,750,000,000 3% 24% 73% =1,011,000,000 65% 35% 2001 2000 350 300 250 200 150 100 50 306 169 2001 2000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 13,878 13,643 2001 2000 16 14 12 10 8 6 4 2 15.84 15.57 2001 2000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 13,878 7,845 13,643 10,197 28,000 24,000 20,000 16,000 12,000 8,000 4,000 22,306 7,845 24,289 10,197 2001 2000 28,000 24,000 20,000 16,000 12,000 8,000 4,000

3 1997 1998 1999 2000 2001 2,850 1,476 1,348 1,572 1,750 (1,088) (2,839) 189 195 336 (155) (49) (32) (20) (27) (1,243) (2,888) 157 175 309 (394) (1) (3) (6) (3) (1,637) (2,889) 154 169 306 1997 1998 1999 2000 2001 11,963 8,957 7,222 6,358 6,385 648 1,169 1,185 1,154 1,119 789 834 864 935 662 16,820 16,632 16,194 15,680 14,569 3,458 750 611 615 584 2,272 2,908 1,863 2,067 875 (7,346) (4,745) (3,836) (3,563) (2,293) (6,605) (10,507) (9,652) (9,593) (8,010) (2) (1) (5) (10) (13) 21,997 15,997 14,446 13,643 13,878

4 1,011,000,00019% 306,000,00080%34.9 76

5 5 12 119% 300,000,000 1,380,000,000 7,845,000,000 13,878,000,000 57% 75%

6 736,000,00019% 10.5% 20% 13% 10%5% 105 21%

7 94% 13,060,000 12,970,000 33,000,000

8 4% 10% Tanjung Jati B

9 KCMG, FICE

10 HOPEWELL HOLDINGS LIMITED ANNUAL REPORT 2001

HOPEWELL HOLDINGS LIMITED ANNUAL REPORT 2001 11

12

13 2001 2,388 1,762 (1,426) 336 (1) (2) 765,000,000 122.8 1-1050% 11-2048% 21-3045% 108,00013% 10%1,767,000,000

14 110,000 100,000 90,000 80,000 70,000 60,000 50,000 2001 2000 108,000 95,400 2001 2000 2,100 1,800 1,500 1,200 900 600 300 1,767 1,614 I.C. ISO9000

15 102.4 25% 5% 99,800 2% 25% 662,000,000 382,000,000 50% 25% 2001 2000 100,000 95,000 90,000 85,000 80,000 75,000 70,000 99,800 95,300

16 40 30% 105 105 105 100,000 90,000 80,000 70,000 60,000 50,000 40,000 79,500 96,300 105 21% 96,30018% 2000 2001

17 1-10 : 45.0% 11-20 : 37.5% 21-30 : 32.5% 38 33,000 2001 2000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 33,000 27,900

18 105 105 1,680,000,000 200,000,000 50%

19

22 94% 100% 1%

23 2001 2000 250 200 150 100 50 239 227 130 59 38 129 71 39 2001 2000 100 90 80 70 60 50 40 81% 57% 94% 63% % 63%6% 1C100,000

24 73%6% 8%

25 67% 35 30 25 20 15 33 17 10 12 5 (2) -1 1-2 2000 4 2001 Grand Hotel Excelsior 290,000,000 % 80 60 40 67% 73% 20 2000 2001

26

27 Tanjung Jati B

28 2001 2000 2001 2000 370 361 239 227 531 444 736 617 276 293 33 (2) 518 406 9 (19) 55 68 44 83 1,750 1,572 1,061 906 (50) (55) 1,011 851 786,000,000 225,000,000 1,750,000,000 11% 851,000,000 1,011,000,00019% 169,000,000 80% 306,000,000 25%

29 % 100 13 7 5 80 19 40 60 29 40 20 39 2000 48 2001 300,000,000 1,380,000,000 8,087,000,000 30.6.2000 10,233,000,000 7,845,000,00030.6.2000 10,197,000,000 13,878 13,643 7,845 10,197 22,306 24,289 35% 42% 57% 75% 4,630,000,000 200,000,000 393,600,000 9 7 / 8 % 10 1 / 4 %

30 2001

31 43 7 6 5 5 105,000,000 96,000,000 1027 26 27,000,000 24 25 7,800 12 13 80

32 45% 27% 48%24% 5% 35 40 65 International Finance Corporation (ABAC)

33 University of Strathclyde 1997 Chevalier De L Ordre De La Corona 1985 Independent Energy Industry All-Star 1996 George Washington University International CEO of the Year 1996 the Best Entrepreneurs 1994 International Road Federation Man of the Year 1994 Business Man of the Year 1991 Asia Corporate Leader 1991 69 74 54 Wharton Graduate Business School 44 Purdue Video Channel Productions Limited 52

34 37 63 Morgan Stanley Inc. 58Hopewell Hospitality Company Limited 1,561 37 55 Hopewell (Thailand) Limited 56Hopewell (Thailand) Limited 41

35 29 * (a) 9.9% (b) 15(c) 74,443,893 113,730,592(i) 123,187,019 30,670,093 250,204,287(iii) 18,656,000 246,000 1,980,000-20,882,000 2,795,322 - - - 2,795,322 100,000 - - - 100,000 2,645,650 - - - 2,645,650 21,903,282 228,301,005(ii) 61,157,217 30,670,093 250,204,287(iii) - 1,308,981 - - 1,308,981 39,776 - - - 39,776 8,537 - - - 8,537 12,333,800-810,092-13,143,892

36 (i) (ii) (iii) 113,730,592 61,157,217 61,157,217113,730,592 30,670,093 30,670,093 228,301,005 61,157,217 61,157,217228,301,005 30,670,093 30,670,093 250,204,287(i) (ii) ( ) - - - - 300,000(i) (ii) 300,000 (ii) 297,000 - - 297,000 ( ) - - (iii) (iii) ( ) - - (iv) (iv) (i) (ii) (iii) (iv) (v) 100% () 300,000 () 200710 1 /4% 10,500,000 () 2007 ( 10 1 /4%) 2004 ( 9 7 /8%)8,000,000 7,500,000 () 200710 1 /4%20049 7 /8%8,000,000 4,850,000 18

37 4,380,000 1,009 16(1) 1939

38

39 20,091 874 1,651 22,616* 2,388 1,607# (1,211)^ 1,177 14,853 8,819# 4,555 19,408 2,031 77 22,616* 10,503 * ^ # 702,000,0006,293,000,000 107,000,000 10.1244% LIBOR+1.5%

40 OBE, JP, LLD(Hon), Dr Eng(Hon), BSc(Eng) * KCMG, FICE * * * * * * * * 183 64 (852) 2528 4975 (852) 2865 6276 (852) 2861 2068 (852) 2529 8602 1 26 111 26 183 1712-1716 20th Floor, 111 Wall Street New York, NY 10043 United States of America 1-877-248-4237 www.hopewellholdings.com ir@hopewellholdings.com

41 2001 42 43 44-45 46 47 48-49 50-79

42 43 79

43 2001 2000 3 1,750,103 1,572,321 (813,034) (793,263) 937,069 779,058 4 56,940 27,298 (24,960) (28,655) (135,082) (118,008) (47,543) (31,676) 5 786,424 628,017 (290,000) 496,424 628,017 6 (767,550) (656,104) 15(b) 381,832 205,394 197,187 19,426 26,110 335,526 195,210 7 (26,509) (20,185) 309,017 175,025 (3,507) (5,735) 8 305,510 169,290 9 (105,118) (96,358) 200,392 72,932 10 34.9 19.3

44 2001 2000 12 6,384,800 6,357,500 13 1,118,985 1,154,246 662,571 934,854 15 14,568,863 15,680,410 16 118,577 135,341 17 40,159 43,293 18 338,143 335,749 87,376 101,092 23,319,474 24,742,485 19 10,317 12,155 3,762 5,250 20 130,554 264,653 184,142 188,460 21 4,520 22 95,088 1,147,530 446,303 448,540 874,686 2,066,588 23 1,255,780 1,617,959 76,072 80,195 21 34,833 91,866 211,904 213,691 61,319 52,559 26 194,825 1,195,785 27 78,000 77,960 248,947 200,000 131,562 14 32,795 2,293,242 3,562,824 (1,418,556) (1,496,236) 21,900,918 23,246,249

45 2001 2000 24 2,189,955 2,189,955 25 11,687,687 11,452,680 13,877,642 13,642,635 13,028 10,221 26 7,631,524 9,112,251 27 320,059 397,939 29 58,665 83,203 8,010,248 9,593,393 21,900,918 23,246,249

46 2001 2000 14 13,406,024 13,385,471 15 107,037 96,670 16 12,160 10,207 17 3,000 3,000 13,528,221 13,495,348 381 8,730 2,288 1,560 1,718 298,741 4,387 309,031 23,021 34,052 24,467 24,467 61,319 52,559 27 78,000 77,960 200,000 14 186,807 389,052 (182,420) (80,021) 13,345,801 13,415,327 24 2,189,955 2,189,955 25 8,978,651 9,043,868 11,168,606 11,233,823 27 156,000 233,880 28 1,968,875 1,871,047 29 52,320 76,577 2,177,195 2,181,504 13,345,801 13,415,327

47 2001 2000 40,815 (864,000) (31) (12,936) (8,843) 1,813 31,941 (875,123) 305,510 169,290 337,451 (705,833)

48 2001 2000 30 31,232 350,611 (756,927) (713,647) (96,358) (87,598) 29,240 13,808 (700) (824,745) (787,437) (1,344) (4,791) (9,059) (13,138) 126 (10,277) (17,929) (4,567) (6,560) (7,300) (1,643) (861) (78,542) (196,365) 3,009,068 963,511 3,134 8,316 (10,293) (66,521) (24,538) (1,758) 315,443 346,795 2,733 19,454 13,716 9,144 (3,919) 137,034 3,214,032 1,211,449 2,410,242 756,694

49 2001 2000 2,410,242 756,694 31 1,958,791 2,133,129 (4,224,500) (2,069,423) (111,174) (33,446) (78,000) (77,960) (2,454,883) (47,700) (44,641) 708,994 448,526 (289,152) (10,091) 28,684 393,794 448,526 446,303 448,540 (380,509) (200,014) 65,794 248,526 328,000 200,000 393,794 448,526

50

51

52 50 5 10

53

54

55 2001 2000 2001 2000 369,964 360,787 234,975 223,475 275,548 292,948 20,242 (14,687) 531,466 444,031 490,523 412,356 517,608 406,424 9,482 (19,276) 53,552 62,692 53,552 62,692 1,965 5,439 (261,984) 18,014 1,750,103 1,572,321 546,790 682,574 (50,366) (54,557) 496,424 628,017 290,000,000 : 2001 2000 2001 2000 1,132,465 1,051,354 221,436 168,057 613,040 519,548 578,007 475,889 (290,000) 4,598 1,419 (13,019) (15,929) 1,750,103 1,572,321 496,424 628,017 : 2001 2000 22,791 15,335 17,442 1,557

56 2001 2000 4,457 4,193 15,908 17,084 36,543 31,676 13,109 15,281 214,290 237,828 115,006,000 114,697,000 (245,699) (237,822) 2001 2000 352,797 467,634 154,917 153,358 313,630 315,198 30,890 22,363 27,296 34,657 879,530 993,210 (126,456) (253,643) : (19,613) (106,151) (7,424) (4,806) 726,037 628,610 17,260 17,148 24,253 10,346 767,550 656,104

57 2001 2000 : 571 1,004 (1,200) (975) 14,406 106 (5,287) (3,002) 8,490 (2,867) 9,457 14,225 877 922 7,685 7,905 8,562 8,827 26,509 20,185 16%16% 39,901,000 137,043,000 2001 2000 5:5 43,799 43,799 7 ( :6 ) 61,319 52,559 105,118 96,358 76

58 305,510,000 169,290,000 875,982,121875,982,121 2001 2000 410 400 9,780 9,917 22 10,212 10,317 2001 2000 1,000,000 8 6 1,000,001 1,500,000 2 2 1,500,001 2,000,000 3 2 2,000,001 2,500,000 1 2,500,001 3,000,000 1 1 158,000 150,000 1,457,0001,317,000 1,450,0001,317,000 7,000

59 2001 2000 6,357,500 7,221,500 4,567 (18,082) 40,815 (864,000) 6,384,800 6,357,500 2001 2000 3,270,000 3,320,000 3,114,800 3,037,500 6,384,800 6,357,500 25 4,750,000,0004,466,000,000 495,911 31,094 2,303,407 387,409 3,217,821 6,560 6,560 (21,039) (21,039) (48,316) (48,316) 474,872 31,094 2,303,407 345,653 3,155,026 6,968 1,703,348 353,259 2,063,575 584 15,324 15,908 (43,442) (43,442) 7,552 1,703,348 325,141 2,036,041 474,872 23,542 600,059 20,512 1,118,985 495,911 24,126 600,059 34,150 1,154,246

60 (a) (b) Tanjung Jati B 146,000,000146,000,000 2001 2000 162,103 120,712 12,245 12,245 174,348 132,957 13,231,676 13,252,514 13,406,024 13,385,471 35 2001 2000 5,888,359 5,809,542 8,086,666 7,361,363 2,871,639 342,523 375,569 22 (1,091,440) (123,612) (87,069) 14,193,936 15,239,604 4,850 4,850 (41,911) (1,937) 489,164 477,596 22 (77,176) (39,703) 374,927 440,806 14,568,863 15,680,410

61 2001 2000 107,037 96,670 50% 48%45% 80% 6,953,000,0006,424,000,000 2001 2000 1,766,880 1,614,301 138,465 128,165 488,121 381,575 244,060 190,788

62 2001 2000 11,691,227 11,822,208 (6,757,736) (8,153,245) (744,963) (745,805) (3,959,373) (1,206,093) 552,974 128,922 (347,385) (2,013,442) 50% 662,000,000 25% 382,000,000 25%

63 4,500,000,000 2,000,000,000 500,000,000 45%37.5% 32.5% 105 105 30% 74% 40% 50% 489,000,000478,000,000

64 2001 2000 116,254 134,657 2,323 684 118,577 135,341 2001 2000 12,959 12,957 (2,750) (2,750) 1,951 12,160 10,207 36 2001 2000 2001 2000 BERTS 5,313,000 5,313,000 (5,313,000) (5,313,000) 131,110 134,244 3,000 3,000 (90,951) (90,951) 40,159 43,293 3,000 3,000 40,159 43,293 3,000 3,000 HTL MOTC SRT BERTSMOTC HTL34(b)

65 2001 2000 356,055 352,136 22 (17,912) (16,387) 338,143 335,749 2001 2000 359 1,662 9,958 10,493 10,317 12,155 359,0001,662,000 75,011,00099,354,000 2001 2000 0-30 81,910 124,819 31-60 6,936 7,280 60 7,685 105,882 34,023 26,672 130,554 264,653

66 2001 2000 593,848 502,895 22,172 12,641 616,020 515,536 (646,333) (607,402) (30,313) (91,866) 4,520 (34,833) (91,866) (30,313) (91,866) 34,000,000 27,000,000 9,000,000 9,000,000 2001 2000 15 77,176 39,703 15 1,091,440 18 17,912 16,387 95,088 1,147,530

67 2001 2000 0-30 184,586 224,728 31-60 171,378 178,545 60 182,123 494,484 32,660 23,318 685,033 696,884 1,255,780 1,617,959 2001 2000 2001 2000 2.5 1,200,000 3,000,000 875,982 2,189,955

68 8,508,890 3,476,053 12,665 16,465 241,695 12,255,768 (864,000) (864,000) 1,813 1,813 (12,936) (12,936) 46 (943) (897) 169,290 169,290 (96,358) (96,358) 8,508,890 2,612,053 12,711 4,399 314,627 11,452,680 40,815 40,815 (8,843) (8,843) (31) (31) 14 2,660 2,674 305,510 305,510 (105,118) (105,118) 8,508,890 2,652,868 12,725 (1,815) 515,019 11,687,687 8,508,890 9,872 484,421 9,003,183 137,043 137,043 (96,358) (96,358) 8,508,890 9,872 525,106 9,043,868 39,901 39,901 (105,118) (105,118) 8,508,890 9,872 459,889 8,978,651 1,246 299,368 300,614 (1,063) 368,322 367,259 25,273 24,185 53,706 103,164 25,273 24,216 72,082 121,571 459,889,000 525,106,000

69 2001 2000 4,408,847 4,523,178 194,825 1,195,785 448,625 2,020,389 1,734,218 2,522,005 993,600 3,371,268 5,738,179 46,234 46,679 7,826,349 10,308,036 (1,091,440) 194,825) (104,345) 194,825) (1,195,785) 7,631,524 9,112,251 2001 2000 1,513,200 1,559,200 2,980,341 3,068,506 4,493,541 4,627,706 (84,694) (104,528) 4,408,847 4,523,178 99.622% 99.349% 200,000,0002004400,000,0002007 2004 20079 7 /8% 10 1 /4%

70 2004 2007 2004 2007 2002 105.1250% 2003 102.5625% 2004 100.0000% 593,600,000 593,600,000 17,500,000 2001 2000 2001 2000 a 78,000 77,960 78,000 77,960 78,000 77,960 78,000 77,960 78,000 155,920 78,000 155,920 234,000 311,840 234,000 311,840 b 164,059 164,059 398,059 475,899 234,000 311,840 (78,000) (77,960) (78,000) (77,960) 320,059 397,939 156,000 233,880 (a) 10% 34(a) (b) 38,065,000

71 2001 2000 335,526 195,210 (224,820) (223,297) (519,616) (444,031) 726,037 628,610 17,260 17,148 15,908 17,084 (381,832) 290,000 46 36,543 31,676 2,141 646 (22,791) (15,335) 1,838 7,061 1,488 138,417 84,910 (323,314) (3,968) (4,520) 1,039 (57,033) 53,812 31,232 350,611

72 551,959 10,482,788 1,900 25,970 (77,960) 30,260 (15,335) 17,148 475,899 10,540,831 160 (4,068) (78,000) (2,376,883) (22,791) 17,260 398,059 8,154,349 2001 2000 * 7,826,349 10,308,036 328,000 200,000 32,795 8,154,349 10,540,831

73 (a) 1,190,000,000 4,112,000,000 (b) 7,186,000,000 7,204,000,000 2,934,000,000 2,908,000,000 2,765,000,000 2,614,000,000 (c) 6,905,000,00011,312,000,000 (d) 5% 15(a) 1,680,000,000294,000,000 134,000,000 117,000,000 15(c) 2,000,000,000446,000,000 486,000,000 Tanjung Jati B 13,687,000,000 3,163,000,000 3,163,000,000P.T. PLN (Persero)

74 (i) 800,000,000 489,000,000 478,000,000 374,00044,000,000 (ii) 2001 2000 2001 2000 21,513 75,660 66,519 37,166 88,032 112,826 MOTC HTL MOTC HTL HTL86,000,000 MOTC HTLHTL MOTC MOTC 1,000

75 Tanjung Jati B 13,900,000 23,000,000 2001 2000 2001 2000 28,885 28,885 28,885 28,885 3,994,554 3,422,254

76 % % Goldhill Investments 2100 100 Limited 60,600 100 21 97.5 21 (ii) 200,000 100 100 HH Finance Limited 100,000 100 10 1,000,000 100 1 21 100 (ii) 21 30,000 100 100 (ii) 21 100 2100 100 (ii) 21 100 2,000,000 100 1

77 % % Hopewell 108 Limited 1,000 100 100 Hopewell 109 Limited 100 100 100 Hopewell 110 Limited 10,000 100 100 21 100 10,000 1 2100 100 20,000 100 52,000 100 100 3,000,000 90 1 Parkgate Enterprises 10,000 100 Limited 10 1,000,001 100 1 Wetherall Investments 21 100 Limited 21 Yuba Company Limited 10,000 100 1 Slipform Engineering 500,000 100 (Macau) Limited 1 Frederique Securities 1 1 100 Limited (i) Goldvista Properties 1 1 100 Limited (i)

78 % % 20,000 97.5 (i) 1 (ii) 1 1 100 Kammer Investment Limited (i) 1 1 100 Primax Investment Limited (i) 1 1 100 Procelain Properties Ltd. (i) 1 1 100 Singway (B.V.I.) Company 1 1 100 Limited (i) Tubanan Power Limited (i) 100 1 100 (ii) 1 1 100 Delta Roads Limited (i) 46,422 100 10 Hopewell (Thailand) Limited 1,500,000,000 100 10 Grand Hotel Excelsior 50,000 LM1 100 Limited Slipform Engineering 10,000 LM1 100 (Malta) Limited P.T. Hi Power Tubanan I 2,200,000 80 100 220,000,000 (i) (ii)

79 (i) 46 Manrose Limited 50 (i) (ii) 20 (i) (ii) 43 79

80 A. (%) 1 22,280 163,702* 100 183 5,207 78,102* 100 3 22,689* 100 49,073 100 5,750 71,762 9 20,742 100 9 100 125 100 80 213 3-5 22-24V1-V15 7,551* 100 7 B. (%) Mega Tower Hotel 6,836 # 171,343 100 196-206 196-206 464 100 214-224 459 4,146* 100 9-19 9-19 623 100 175,729 973,203 50 Grand Hotel Excelsior 33,428 55,328 100 * # 11,040 6,8364,204

HOPEWELL HOLDINGS LIMITED Hopewell Holdings Limited 64th Floor, Hopewell Centre, 183 Queen s Road East, Hong Kong Tel: (852) 2528-4975 Fax: (852) 2861-2068 Web Page: www.hopewellholdings.com