Road King Infrastructure Limited 路 勁 基 建 有 限 公 司 路勁基建有限公司 於百 慕達 註冊成 立 之有限公司 股 份代號 1098 2013 Interim Report 2013 中 期報 告 中期報告 Road King Infrastructure Limited (incorporated in Bermuda with limited liability) Stock Code: 1098 INTERIM REPORT 2013
2 財 務 概 覽 3 主 要 項 目 資 料 13 管 理 層 討 論 及 分 析 28 股 息 29 企 業 管 治 30 權 益 披 露 36 其 他 披 露 40 集 團 資 料 簡 明 綜 合 財 務 報 表 A-1 簡 明 綜 合 損 益 表 A-2 簡 明 綜 合 損 益 及 其 他 全 面 收 益 表 A-3 簡 明 綜 合 財 務 狀 況 表 A-5 簡 明 綜 合 權 益 變 動 表 A-6 簡 明 綜 合 現 金 流 量 表 A-7 簡 明 綜 合 財 務 報 表 附 註 A-31 簡 明 綜 合 財 務 報 表 審 閱 報 告
3375,300,000 20 518
* * 2,654 2,321 2,884 9,344 6,833 421 407 440 839 844 7,531 5,549 3,117 11,388 6,817 247 256 389 523 658 764 572 670 2,318 1,860 255 228 316 818 735 0.34 0.31 0.43 1.1 0.99 16.1 15.2 14.4 15.9 14.9 0.18 0.16 0.22 0.46 0.46 44 48 61 51 61 * 12 2 7,531 3,324 2,884 2,728 2,321 3,075 2,654 5,549 3,117 440 407 421 2011 2012 2013 2011 2012 2013 34% 49% 17% 50% 33% 13% 2% 1% 1% 2
15 11, 12 13, 14 19 20, 21 16, 17 18 1, 25 2-4, 24 5 6 7-10 22, 23 3
P1 126,000 M 98,000 100.00% 2016 P2 454,000 S/C 487,000 100.00% 2015 P3 708,000 M/P/F 280,000 100.00% 2019 P4 236,000 M 95,000 100.00% 2016 P5 197,000 P/F/S 88,000 100.00% 2015 4
P6 940,000 P/F/S/C 847,000 100.00% 2018 P7 21,000 C 133,000 100.00% 2013 P8 135,000 F/S/C 133,000 55.00% 2016 P9 130,000 M/P 136,000 55.00% 2017 P10 130,000 M 61,000 75.00% 2016 5
P11 31,000 M 11,000 100.00% 2018 P12 237,000 F/S 108,000 100.00% 2015 P13 217,000 P/F/S/C 811,000 94.74% 2015 P14 136,000 F/S/C 327,000 94.74% 2015 P15 119,000 S/C 80,000 100.00% 2014 6
P16 129,000 M 53,000 100.00% 2017 P17 101,000 S/C 177,000 94.74% 2015 P18 140,000 F/S/C 249,000 94.74% 2016 P19 67,000 S/C 210,000 94.74% 2013 P20 73,000 S/C 111,000 94.74% 2013 7
P21 392,000 M/P 147,000 100.00% 2017 P22 260,000 F/S 103,000 100.00% 2015 P23 106,000 S 35,000 100.00% 2014 P24 122,000 C 67,000 100.00% P6 16,000 C 13,000 100.00% 8
P13 15,000 C 9,000 94.74% P19 25,000 C 9,000 94.74% P22 9,000 S 4,000 100.00% 2014 P25 522,000 M 256,000 100.00% 2019 M R P F S C 9
4, 6, 7 1, 2, 5 9 8 3 10 10
T1 105 40% G18 ~ T2 58 45% G25 ~ T3 69 43% G5513 ~ T4 72 45% S60 ~ 11
T5 40 60% 307 ~ ~ T6 38 65% 108 ~ ~ T7 17 65% 108 ~ ~ T8 55 50% 312 ~ ~ T9 53 50% 343 ~ ~ T10 11 70% 324 ~ ~ 12
2.55 2.28 0.34 0.3110% 42% 1,833 202,000 718 71,000 3,055 294,000 1,035 97,000 1,698 121,000 370 37,000 6,586 617,000 2,123 205,000 344 29,000 77 6,000 6,930 646,000 2,200 211,000 13
74.3569.30 42% 5.051,060,000 2,654 2,321 929 699 (379) (290) 206 150 26.5423.2114% 2.0637% 884,000 75% 36,000 72,000 460 2015 75% 25,000 58,000 365 2014 100% 95,000 236,000 356 2014 100% 98,000 126,000 226 2014 100% 147,000 392,000 305 2014 4.25 522,000 14
5,300,000 5,100,000 5 456,000 7 2,799,000 2 268,000 2 368,000 1 119,000 3 370,000 3 557,000 2 375,000 218,000231,0001,082,000 1,044,000 4.986,900 160,000 15
5.569,400 4.4512,800 116,800 26,000 1.7122,800 4.2528,50016,700 9.9114,300 77,200 8.2013,000 7.0449,900 116,300 2.618,300 1.0911,6008,400 4.468,000 4.097,300 20,000 16
2.85 20,400 12,900 1.6710,000 52,000 2.328,700 5.0815,800 42,700 61,000130,000 95,000236,000 98,000126,000 147,000392,000 17
* 384 325 37 82 421 407 113 168 (10) (25) 103 143 * 42,000 319 35,000 239 43,000 232 12,000 80 132,000 870 45,000 55 177,000 925 18,000 10 18
9% 6%177,0009.25 13% 30% 40% 25% 26% 19
2,654 2,321 929 699 35% 30% 251 142 (423) (336) 109 149 (102) (82) 764 572 (502) (346) 262 226 (7) 2 255 228 20
3,744 4,021 2,018 2,210 417 469 6,179 6,700 27,409 24,078 500 6,407 5,337 1,973 1,160 36,289 30,575 21
(4,583) (4,763) (11,342) (6,544) (5,336) (3,370) (1,299) (1,645) (22,560) (16,322) (7,378) (8,730) 12,530 12,223 13 7,000 22
42% 65.861,060,000 648,000 5,336 3,370 397 2,728 5,528 5,262 431 11,692 11,360 * 98% 96% * 44% 51% * 23
46% 30% 76% 76% 54% 70% 24% 24% 100% 100% 100% 100% 8% 7% 38% 40% 54% 53% 100% 100% 17% 16% 83% 84% 100% 100% (a) (b) (c) 136.0 2,800 3.59.5 3.3358 3.59.875 9.9 9.9 24
(1,537) 1,974 1,944 739 (189) (186) (1,216) 28 39 3,755 2,641 4,773 3,219 1.5 25
119.47 117.93 16.1 15.9 424.68 372.75 62.68 51.6898%2% 1.40 1.69 27.18 26.39 43.67 42.14 26
1,965 2.23 2.02 17,400,000 30% 40% 27
0.18 0.16 2826 28
29
XV 352 (I) % 4 2 3,400,000 0.46 1 & 3 1,070,000 0.14 2 & 3 4,700,000 0.63 1 1,000,000 0.13 2 2,300,000 0.31 1 500,000 0.07 2 2,300,000 0.31 1 9,096,000 1.23 2 2,350,000 0.32 2 950,000 0.13 2 150,000 0.02 1 305,000 0.04 2 300,000 0.04 2 300,000 0.04 2 100,000 0.01 2 100,000 0.01 1. 2. (II) 3. 160,0001,600,000 4. 742,046,566 30
(II) 2722 5 1 1,400,000 1,400,000 2 2,000,000 2,000,000 1 & 3 2,100,000 2,100,000 2 & 3 2,600,000 2,600,000 1 900,000 900,000 2 1,400,000 1,400,000 1 900,000 900,000 2 1,400,000 1,400,000 1 850,000 850,000 2 1,500,000 1,500,000 1 150,000 150,000 2 800,000 800,000 2 150,000 150,000 1 & 4 150,000 150,000 1 150,000 150,000 2 150,000 150,000 1 150,000 150,000 2 150,000 150,000 2 100,000 100,000 2 100,000 100,000 6,750,000 10,350,000 17,100,000 31
(II) 5 1 6,828,000 (112,000) (215,000) 6,501,000 7.36 2 7,050,000 7,050,000 6,828,000 7,050,000 (112,000) (215,000) 13,551,000 13,578,000 17,400,000 (112,000) (215,000) 30,651,000 1. 6.79 2. 7.13 6.94 3. 6.79800,0007.13800,000 4. 5. 32
(III) 3.5 9.5 1,850,000* 3.5 9.875 4,300,000 * 350,0003.59.5 XV 352 18 336 % 1 20 2 288,472,428 38.88 Wai Kee (Zens) Holding Limited 3 288,472,428 38.88 4 65,918,000 8.88 Wai Kee China Investments (BVI) Company Limited 4 219,554,428 29.59 5 219,554,428 29.59 33
% 1 20 ZWP Investments Limited 6 219,554,428 29.59 7 202,334,142 27.27 8 202,334,142 27.27 9 202,334,142 27.27 Hover Limited 10 202,334,142 27.27 Paul G. Desmarais 11 44,840,000 6.04 Nordex Inc. 12 44,840,000 6.04 Gelco Enterprises Ltd. 13 44,840,000 6.04 Power Corporation of Canada 14 44,840,000 6.04 171263 Canada Inc. 15 44,840,000 6.04 Power Financial Corporation 16 44,840,000 6.04 IGM Financial Inc. 17 44,840,000 6.04 Mackenzie Inc. 18 44,840,000 6.04 Mackenzie Financial Corporation 19 44,840,000 6.04 34
1. 2. (i) Wai Kee (Zens) Holding LimitedWai Kee China Investments (BVI) Company LimitedZWP Investments Limited Top Horizon Holdings Limited)(ii) Top Tactic Holdings Limited Amazing Reward Group Limited 3,000,000 3. Wai Kee (Zens) Holding Limited 4. Wai Kee China Investments (BVI) Company Limited Wai Kee (Zens) Holding Limited 5. Wai Kee China Investments (BVI) Company Limited 6. ZWP Investments Limited 7. 100% 8. 59.60% 9. Hover Limited 10. Hover Limited 11. Mr. Paul G. DesmaraisNordex Inc.68% 12. Nordex Inc.Gelco Enterprises Ltd.94.95% 13. Gelco Enterprises Ltd.Power Corporation of Canada53.61% 14. Power Corporation of Canada 171263 Canada Inc. 15. 171263 Canada Inc.Power Financial Corporation65.78% 16. Power Financial CorporationIGM Financial Inc.58.69% 17. IGM Financial Inc. Mackenzie Inc. 18. Mackenzie Inc. Mackenzie Financial Corporation 19. Mackenzie Financial Corporation Mackenzie Inc. 20. 742,046,566 336 35
(I) 17,945,500 2,588,000 2,588,000 7.25 6.77 17,945,500 (II) 136.0 27,000,000 36
10,726,480 1,463,000 136.0 (I) 1,463,000 7.56 7.08 10,726,480 (II) 1,000,000 1. 13.18 136.03.59.5 3.59.875 101% RKP Finance (2011) LimitedRKP Finance 3.9RKP Finance 37
2. 13.51B(1) 13.51B(1) 220,000 330,000 38
2. 13.51B(1) 437,000460,000 420,000450,000 39
Conyers, Dill & Pearman Butterfield Fulcrum Group (Bermuda) Limited 26 Burnaby Street Hamilton HM 11 Bermuda 28 26 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 9 6 5 501 40
1098) 136.0 3.59.5 (852) 2957 6800 (852) 2375 2477 rki@roadking.com.hk http://www.roadking.com.hk http://www.rkph.com 3.59.875 4565) 41
4 2,654,410 2,320,901 (1,725,547) (1,621,436) 928,863 699,465 33,099 18,064 13,111 5,010 6 205,391 119,415 (167,795) (120,105) (255,888) (216,068) 7 108,908 148,883 8 (101,906) (82,250) 9 763,783 572,414 10 (502,151) (346,030) 261,632 226,384 255,259 228,122 6,373 (1,738) 261,632 226,384 12 0.34 0.31 0.34 0.31 A-1
261,632 226,384 130,594 (20,552) 392,226 205,832 382,598 203,495 9,628 2,337 392,226 205,832 A-2
29,883 56,983 13 2,018,279 2,210,338 14 3,744,417 4,021,241 33,565 36,575 18 305,063 302,792 15 47,442 72,517 6,178,649 6,700,446 16 25,709,873 23,175,850 17 1,699,216 902,580 18 87,500 86,849 19 1,424,318 806,961 448,508 265,392 26 12,255 20 139,908 168,828 20 6,267,512 5,168,435 35,789,090 30,574,895 21 500,000 36,289,090 30,574,895 42,467,739 37,275,341 22 74,205 74,193 11,872,326 11,718,938 11,946,531 11,793,131 582,911 429,742 12,529,442 12,222,873 23 6,356,065 7,990,404 24 260,616 97,882 761,645 641,634 7,378,326 8,729,920 A-3
25 4,582,586 4,762,500 21 500,000 10,842,440 6,543,789 1,084,624 1,323,643 23 5,336,077 3,369,967 24 214,244 274,690 26 47,959 22,559,971 16,322,548 42,467,739 37,275,341 A-4
74,193 3,159,965 1,761,762 1,260,000 72,937 45,063 4,698,396 11,072,316 276,912 11,349,228 228,122 228,122 (1,738) 226,384 (24,627) (24,627) 4,075 (20,552) (24,627) 228,122 203,495 2,337 205,832 74,193 3,159,965 1,737,135 1,260,000 72,937 45,063 4,926,518 11,275,811 279,249 11,555,060 (519) 519 180,829 (24,515) 156,314 156,314 11 (178,064) (178,064) (178,064) 7,187 (7,187) 74,193 3,159,965 1,917,964 1,260,000 72,418 52,250 4,717,271 11,254,061 279,249 11,533,310 74,193 3,159,965 2,047,611 1,260,000 17,962 333,505 4,899,895 11,793,131 429,742 12,222,873 255,259 255,259 6,373 261,632 127,339 127,339 3,255 130,594 127,339 255,259 382,598 9,628 392,226 74,193 3,159,965 2,174,950 1,260,000 17,962 333,505 5,155,154 12,175,729 439,370 12,615,099 12 897 (148) 761 761 (275) 275 (17,945) (17,945) (17,945) 10,600 10,600 10,600 (71,371) 71,371 143,541 143,541 11 (222,614) (222,614) (222,614) 74,205 3,160,862 2,103,579 1,260,000 28,139 333,505 (17,945) 5,004,186 11,946,531 582,911 12,529,442 17,945,5000.12,588,000 A-5
(1,537,197) (1,415,662) (1,109,619) 4,249,573 3,117,375 (825,935) (506,948) (34,010) 443,307 436,769 1,944,115 247,495 255,560 (21,156) (140,128) 500,000 (89,330) (22,015) (107,143) 28 65,570 (71,263) (198,534) 30,186 18,901 77,483 4,536 738,985 (188,823) 2,306,175 1,428,515 (2,037,025) (2,087,078) 143,541 99,493 761 (17,945) (459,089) (379,547) (222,614) (178,064) (186,703) (1,216,174) 989,051 539,118 3,755,365 2,640,504 28,165 39,022 27 4,772,581 3,218,644 A-6
1. 34 2. 21 7 1011 12 10 11 12 13 19 27 28 1 20 1 A-7
2. 101112 28 10111227 10 1027 1210 a)b)c) 10 10 11 1131 13 28 11 11 11 31 31 A-8
2. 11 11 11 11 11 13 1313 34 13 13 13 13 13 3 1 1 1 1 1 (a)(b) A-9
2. 34 34 34 36 1 39 1 1 21 1 3. 12,255,000 47,959,000 A-10
3. 2010 2,576,629 2,732,020 2,571,714 2,790,563 2011 1,586,183 1,599,206 1,604,230 1,625,000 2012 2,693,542 2,893,800 2,690,101 2,968,875 4. 2,566,210 2,263,725 27,796 16,251 60,404 40,925 2,654,410 2,320,901 421,268 407,433 3,075,678 2,728,334 A-11
5. 2,654,410 2,654,410 2,320,901 2,320,901 23,986 206,435 230,421 97,002 150,076 247,078 4,243,070 33,701,511 37,944,581 4,344,976 29,267,108 33,612,084 (29,654) (26,991,569) (27,021,223) (31,248) (22,167,646) (22,198,894) A-12
5. (a) (b) 230,421 247,078 155 1,595 67,287 9,742 (6,818) (5,880) (29,413) (26,151) 261,632 226,384 A-13
5. (b) 37,944,581 33,612,084 1,945 2,364 49,611 41,631 12,255 4,459,347 3,619,262 42,467,739 37,275,341 (27,021,223) (22,198,894) (224,887) (190,938) (2,692,187) (2,614,677) (47,959) (29,938,297) (25,052,468) 6. 443 210 28 (54,599) 24,876 120,087 35,366 10,170 50,000 52,000 (2,987) 52,414 36,826 205,391 119,415 A-14
7. 239,689 297,801 (88,374) (95,072) (47,966) (60,047) 103,349 142,682 5,559 6,201 108,908 148,883 8. 450,393 361,971 6,793 29,933 33,193 487,119 395,164 (385,213) (312,914) 101,906 82,250 A-15
9. 5,932 5,748 (711) (699) 5,221 5,049 21,675 14,520 10. 200,797 193,477 172,549 89,669 20,342 15,756 393,688 298,902 108,463 47,128 502,151 346,030 25% 30% 60% A-16
11. 0.30 0.24 222,614 178,064 0.18 0.161.33 1.19 737,995,566 12. 255,259 228,122 741,891 741,935 637 742,528 741,935 A-17
13. 2,075,900 980,121 173,849 69,090 852,971 (34,550) (49,164) 21 (500,000) 120,087 63,726 6,439 134,804 16,202 24,352 1,857,927 2,075,900 134,438 717,349 21,156 252,800 (852,971) 3,731 1,225 1,027 16,035 160,352 134,438 2,018,279 2,210,338 A-18
13. 14. 4,625,199 4,973,329 2,869,731 3,219,863 (3,508,062) (3,842,524) (321,141) (401,986) 3,665,727 3,948,682 16,123 16,123 62,567 56,436 78,690 72,559 3,744,417 4,021,241 15. 1 A-19
16. 1,809,052 1,423,479 23,900,821 21,752,371 25,709,873 23,175,850 15,558,508,000 14,461,421,000 17. 1,699,216,000 902,580,000 18. 305,063,000 302,792,000 7.2057.755 7.2057.755 87,500,000 86,849,000 A-20
19. 60 2,290 3,362 6090 655 15 90 8,889 7,638 11,834 11,015 28 181,875 237,500 24,814 543,326 336,309 449,783 434,823 1,424,318 806,961 60 20. 139,908,000 168,828,000 1,730,931,000 1,549,172,000 1,494,931,000 1,413,070,000 236,000,000 136,102,000 0.011.49 0.013.00 A-21
21. 356,045,000 445,056,000400,000,000 500,000,000 500,000,000 500,000,000 22. 0.1 20,000,000,000 2,000,000 0.17.5 518,380 52 741,934,566 74,193 112,000 12 742,046,566 74,205 13,251,000 13,578,000215,000112,000 6.797.25 A-22
22. 17,400,000 25 10,600,000 5,700,000Hull White Trinomial 7.13 7.13 26.37% 5 0.65% 8.92% A-23
23. 2010 (a) 2,576,629 2,571,714 2011 (b) 1,586,183 1,604,230 2012 (c) 2,693,542 2,690,101 (d) 4,835,788 4,494,326 11,692,142 11,360,371 * 2,712,795 590,156 383,822 2,728,589 5,478,493 5,261,815 8,575,110 8,580,560 * 2,211,297 2,447,763 12,500 50,000 431,250 2,705,047 2,447,763 309,660 77,505 102,325 223,526 31,017 11,692,142 11,360,371 (5,336,077) (3,369,967) 6,356,065 7,990,404 * A-24
23. (a) (b) (c) (d) 2010 333,580,000 333,580,0009.5 20111,273,000,000 1,300,000,0006 2012 350,000,000 350,000,0009.875 2,807,372,000 2,702,307,0005.88 7.59 6.158.00 2.705.20 2.764.55 24. 214,244,000 274,690,000 7.207.38 7.38 260,616,000 97,882,000 7.38 6.765 A-25
25. 60 106,777 56,357 60 90 16,894 17,813 90 187,182 189,250 310,853 263,420 60 2,500 14,268 60 90 13,275 90 25,818 27,357 28,318 54,900 3,366,227 3,565,433 3,705,398 3,883,753 185,051 183,420 33,804 87,851 658,333 607,476 4,582,586 4,762,500 A-26
26. 12,255,000 47,959,000 3 27. 6,267,512 5,168,435 20 (1,494,931) (1,413,070) 4,772,581 3,755,365 A-27
28. 50%60% 256,875,000 435,723 296,237 (349,071) (80,845) 302,044 9,430 (54,599) 256,875 75,000 181,875 256,875 75,000 (9,430) 65,570 19 A-28
29. 19,465 5,546 13,043 36,313 172,688 30. 4,367,021,000 4,214,361,000 31. 202,718,104,000 2,639,094,000 32. 18 24 11,403 2,303 13,904 10,868 A-29
32. 56,640 54,764 2,608 2,419 10,279 69,527 57,183 33. 19,907,768,000 20,952,793,00013,729,119,000 14,252,347,000 A-30
A-1A-30 34 34 34 2410 34 A-31