ANNUAL REPORT 2014 STOCK CODE 00623
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04 05 06 10 14 18 30 44 57 64 201 4 2
73 7475 76 7879 80 811 67 3
% 1,634,652 1,767,036-7% 424,126 506,131-16% 306,571 369,108-17% 0.542 0.661-18% 0.528 0.636-17% 13.50 16.48-18% 13.50 16.48-18% % 1,510,881 1,670,774-10% 34,037 49,820-32% 54,961 49,088 +12% 58,837 34,509 +70% (24,064) (37,155) -35% 1,634,652 1,767,036-7% 4
5 9 7 450 15D 84 402 148 31 www.sinomedia.com.hk
2014 15 2013 2013 8 4 2013 3 2014 2014 2014 400 APP 2014 (UGC) 6 6
4 www.boosj.com 128 800 www.lotour.com 20142013 2014 5 2014 2014 7
2014 7 2014 9 www.wugu.com.cn 8
11 2014 10 2015 2015100 2014 9
1 2013 2014 1 2013 2 2013 2013 2013 2014 3 3 2014 3 1983 10
4 4A 2014 10 4A4A 5 2014 2014 10 6 2014 10 7 2014 10 11
1 2013 LACP201380 2014 8 LACP 2 2013 ARCARC ARC ARC ARC 2014 10 ARC ARC 31 2,000 3 360 4A4A 2014 10 4A 4A4A 4A 4A4A 1 21 2014 2 21 21 200721 21 2014 1 12017 12 31 12
2 2014 3 13
3,000 92% DPV130 14
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ANNUAL REPORT 2014 16
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40% CTR 1.7% -0.5% CTR 4A 3,000 18
CCTV-1 CCTV CCTV-4CCTV-7CCTV-NEWS 4038,860 CCTV-1 CCTV-1 CCTV30CCTV-4 CCTV-7 CCTV-NEWS 360 19
1. (www.lotour.com) 92% 2. (www.boosj.com) PCweb 20% (DPV) CNZZ 20
3. (www.wugu.com.cn) O2O 1. 21
2. 4A 1,634,652 1,767,036 7.5 % 1,510,881 1,670,774 9.6 % 1,509,4111,206,902 25.1% 34,037 49,820 31.7 % 22
54,961 49,088 12.0 % (1) (2) (3) 58,837 34,509 306,571 369,108 16.9 % 168,110 17,374 10.3 % 10.5% 54,654 65,799 11,145 3.4 %3.7% 13,234 23
113,456 119,685 6,229 6.9 %6.8% (1)2013 2,483 (2) 5,411 4.375% 52,500 10,78410% 1,050 24
801,7731,070,106 87%13% 118,690 262,428(1) 294,084 16,956 (2) 61,064 144,409 10,607(1) 182,875 (2) 116,749 (3) 87,306 8,596 120,866145,152 147,908 2,392,432 1,669,408 9,912 145,152 25
550 28,786,500 2015 1 PMI51%50% 1 PMI 26
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ANNUAL REPORT 2014 28
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48 (EMBA) 30
31
46 4A(The Association of Accredited Advertising Agencies ofchina) 2008 21 21 2009 MBA 2009 20102010 2011 2012 MBA 4A 2013 2014 (EMBA) 32
47 33
54Bain Capital Asia, LLC Bain Capital Asia, LLC (GE) (Northwestern University Kellogg School of Business) 51 34
50 43 CEO 35
37 (SEEC) 36
36 100200 37
47 4A 38
50 MTV 32 39
36 10 40
40 37 1000 41
ANNUAL REPORT 2014 42
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1. A.6.7 A.6.7 2. F.1.2 F.1.2 44
1. 30 41 2. 45
3. 3.13 3.10(1) 3.10(2)3.10A 4. 46
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5. 4/4 1/1 4/4 1/1 4/4 1/1 2/4 1/1 2/4 0/1 2/4 0/1 2/4 0/1 2/4 1/1 14 3 48
6. 7. 142 158 106 7 8. A.6.5 49
9. 3/3 2/3 3/3 0/0 50
1/1 1/1 1/1 0/0 1/1 1/1 0/0 51
1/1 1/1 1/1 0/0 52
10. 1. 73 2. 3. 3,200 53
3.28 3.29 15 3.28 40 54
www.sinomedia.com.hk ir@sinomedia.com.hk 86-10-65896899 10% 55
ANNUAL REPORT 2014 56
7% 8% 42% 58% 60% 25% 59% 35% 6% 9863% 66422 4295% 1. 90 81.5 57
2. 2014 2015 3. 1. 2. OA 30 A44 51 1.5 3. 58
1. 2. 3. 4. 65150 59
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84 402 45015D 97 15 94% 96% 20% 5% 64
7478 306,571 369,108 79 147,908119,453 13.50 16.48 13.50 16.48 12 24 65
105 66
7 8 XV(a) XV78 (b) 352(c) 67
(i) 1 257,428,169 4,400,000 261,828,169 46.08% 2 257,428,165 257,428,165 45.30% 3 2,500,000 2,500,000 0.44% 600,000 600,000 0.11% 260,000 260,000 0.05% 200,000 200,000 0.04% 200,000 200,000 0.04% 200,000 200,000 0.04% 1. 2. 257,428,169UMEDFS 2CLH CLH 209,941,513 3. 257,428,165MHSDFS 1CLH CLH209,941,513 68
(ii) CLH Holding Limited 100% 100% 100% 0.3% CLH Holding Limited 100% 100% 100% XV(a) XV78 (b)352 (c) 28,786,5005% 69
3,200,000 3,200,000 1.56 2 1,200,000 1,200,000 1.84 4 1,600,000 1,600,000 1.56 1 900,000 900,000 1.84 4 600,000 600,000 1.84 4 260,000 260,000 1.49 3 200,000 200,000 1.49 3 200,000 200,000 2.62 4 200,000 200,000 3.22 4 8,756,000 (1,828,000) (640,000) 6,288,000 1.56 200,000 200,000 1.49 3 12,348,500 (4,538,000) (105,000) 7,705,500 1.84 4 125,000 125,000 2.82 4 873,000 (160,000) 713,000 2.88 4 1,970,000 (155,000) (1,420,000) 395,000 2.62 4 800,000 800,000 2.36 4 1,585,000 (165,000) (600,000) 820,000 3.22 4 700,000 (80,000) 620,000 4.31 4 1,840,000 (160,000) 1,680,000 6.86 4 1,080,000 1,080,000 5.50 4 1 1 365 25% 25% 2 (1)365 50% 25% 3 25%25% 4 25% 25% 70
XV23 Equity Trustee Limited 1 304,914,821 53.66% CLH Holding Limited 2 209,941,513 36.95% 1. Equity Trustee Limited CLH MHS Merger Holding Service Company Limited UME United Marine Enterprise Company Limited DFS 1 Digital Finance Service Company Limited DFS 2 SinoMedia Investment Ltd. 304,914,821 2. CLH Holding Limited CLH Holding Limited 209,941,513 XV23 71
167 5(b) 72
74 166 62211 80 10 8 73
3 1,634,652 1,767,036 (1,155,855) (1,122,346) 478,797 644,690 4 53,321 46,925 4 60,118 (54,654) (65,799) (113,456) (119,685) 424,126 506,131 5(a) 18,790 21,823 5(a) (11,499) (914) 7,291 20,909 (840) 3,455 430,577 530,495 6 (124,691) (158,808) 305,886 371,687 306,571 369,108 (685) 2,579 305,886 371,687 11 0.542 0.661 0.528 0.636 81 166 24(b) 74
305,886 371,687 3,301 (1,156) 3,301 (1,156) 309,187 370,531 309,872 367,952 (685) 2,579 309,187 370,531 81 166 75
12 272,555 219,393 12 629,949 704,159 13 39,955 38,336 14 18,015 23,644 16 6,850 44,153 17(b) 23,417 18 2,550 1,800 23(b) 6,186 11,703 976,060 1,066,605 17(a) 4,157 18 427,567 378,601 19 152,183 19 30,692 19 801,773 1,070,106 1,416,372 1,448,707 20 517,855 910,883 21 145,152 5,000 23(a) 49,571 83,563 17(c) 534 10,500 713,112 1,009,946 703,260 438,761 1,679,320 1,505,366 1,679,320 1,505,366 81 166 76
24(c) 500,734 172 1,168,674 1,477,978 1,669,408 1,478,150 9,912 27,216 1,679,320 1,505,366 81 166 77
15 234,749 232,046 16 33,794 17(b) 3,417 234,749 269,257 18 436,637 327,592 19 1,785 19 86,244 23,140 524,666 350,732 1,999 2,334 21 145,152 147,151 2,334 377,515 348,398 612,264 617,655 612,264 617,655 24(c) 500,734 172 24(a) 111,530 617,483 612,264 617,655 81 166 78
24(c) 24(d) 24(d) 24(d) 24(d) 24(d) 24(d) 171 472,973 22 34,972 60,788 (3,430) (9,338) 668,555 1,224,713 8,987 1,233,700 369,108 369,108 2,579 371,687 (1,156) (1,156) (1,156) (1,156) 369,108 367,952 2,579 370,531 21,844 (21,844) 16,235 16,235 1 12,240 (10,042) 2,199 2,199 22 2,739 2,739 2,739 24(b) (119,453) (119,453) (585) (120,038) 172 485,213 22 27,669 82,632 (4,586) (9,338) 896,366 1,478,150 27,216 1,505,366 306,571 306,571 (685) 305,886 3,301 3,301 3,301 3,301 306,571 309,872 (685) 309,187 7,842 (7,842) 167 167 68 235 11,646 4,681 16,327 (16,327) 2 15,325 (4,640) 10,687 10,687 22 2,113 2,113 2,113 500,560 (500,538) (22) 24(b) (147,908) (147,908) (360) (148,268) 500,734 25,309 90,474 (1,285) 2,308 1,051,868 1,669,408 9,912 1,679,320 81 166 79
19(b) 34,476 (95,416) 23(a) (153,166) (167,012) (118,690) (262,428) (87,306) (7,636) (5,610) (88) 2,427 (3,797) 116,749 19 (152,183) 19 (30,692) 14,633 19,701 (144,409) 10,607 146,452 (6,300) (3,000) 10,687 2,199 (255) (111) (10,784) (488) (501) (147,908) (119,453) (8,596) (120,866) (271,695) (372,687) 1,070,106 1,442,752 3,362 41 19 801,773 1,070,106 81 166 80
1. (a) 62211 76 879 32 1(c) (b) 1(h) 81
1. (b) 2 (c) 10 1227 32 36 39 21 (d) 82
1. (d) 1(g) 1(e) 1(m) (e) 1(f) (m) 83
1. (e) 1(g) 1(m) (f) (i) (ii) (ii)(i) 1(m) 84
1. (g) 1(m) 1(m) (h) (i) 85
1. (i) (i) (ii) 30 45 (j) 1(m) 86
1. (j) 30 45 3 5 5 (k) 1(m) 1(m) 3 10 10 87
1. (l) (i) (ii) 1(j)1(m) 88
1. (l) (iii) 1(i) (m) (i) 89
1. (m) (i) 1(e) 1(m)(ii) 1(m)(ii) 90
1. (m) (i) (ii) 91
1. (m) (ii) (iii) 34 1(m)(i) (ii) 92
1. (n) 1(m)(i) (o) (p) (q) (r) (i) (ii) 93
1. (r) (ii) (iii) (iv) (s) 94
1. (s) 95
1. (s) (t) 96
1. (u) (i) (ii) (iii) 97
1. (u) (iv) (v) (vi) (vii) 98
1. (v) (w) 99
1. (x) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (y) 100
1. (y) 18 47 2. 1(m) 14 101
3. 1,510,881 1,670,774 34,037 49,820 54,961 49,088 58,837 34,509 (24,064) (37,155) 1,634,652 1,767,036 4. (i) 52,236 46,800 1,085 125 53,321 46,925 (i) 60,118 102
5. (a) 14,633 19,701 17 4,157 2,122 18,790 21,823 (255) (111) 17 (4,241) (240) (5,183) (522) (1,820) (41) (11,499) (914) 7,291 20,909 (b) 79,334 77,364 (i) 18,817 16,735 22 2,113 2,739 100,264 96,838 (i) 14% 21% 103
5. (c) 13 3,991 1,039 12 28,927 24,187 18(b) (2,395) 6,743 3,980 1,502 14 5,629 7,214 8,245 224 373 8,958 10,319 9,182 10,692 3,200 3,200 2,955 3,936 2,169 1,664 104
6. (a) 119,174 158,909 5,517 (101) 124,691 158,808 (i) (ii) (iii) 15% 25% (b) 430,577 530,495 106,618 133,168 6,071 8,123 11,964 19,442 7,565 1,381 (1,437) (303) (6,090) (3,003) 124,691 158,808 105
7. 62211 7832161 1,182 234 87 1,503 1, 164 420 140 20 1, 744 1,008 303 15 1,326 10 10 (i) 142 142 158 158 142 19 161 142 29 171 584 3, 354 957 227 93 5, 215 (i) 106
7. 1,182 946 79 2,207 1,094 946 87 67 2,194 888 298 50 1,236 34 34 144 144 160 160 144 37 181 144 67 211 592 3,164 2,190 166 255 6,367 107
8. 7 2, 348 4,332 101 171 80 162 2, 529 4,665 1,000,000 1,000,001 1,500,000 2 1,500,001 2,000,000 3 9. 15,974 4,642 107,676 161,514 108
9. 15,974 4,642 107,676 161,514 24(a) 123,650 166,156 24(b)(i) 10. 11. (a) 306,571369,108 5.651165.58351 306,571 369,108 306,571 369,108 109
11. (a) 561,289 555,686 24(c)(i) 3,827 2,665 565,116 558,351 (b) 306,571369,108 5.811305.80085 306,571 369,108 565,116 558,351 16,014 21,734 581,130 580,085 110
12. (a) 50,162 6,853 16,166 73,181 3,988 77,169 206,823 3,387 486 210,696 675,981 886,677 3,626 10,259 773 14,658 14,658 49,279 49,279 (3,648) (1,638) (5,286) (5,286) (49,279) (49,279) (49,279) 211,332 16,851 15,787 243,970 729,248 973,218 211,332 16,851 15,787 243,970 729,248 973,218 3,628 3,116 6,744 1,239 7,983 77,116 77,116 15,887 93,003 (650) (505) (1,155) (1,155) (15,887) (15,887) (77,116) (93,003) 276,189 19,317 15,282 310,788 669,258 980,046 9,028 3,337 7,563 19,928 222 20,150 6,253 2,107 2,321 10,681 13,506 24,187 1,545 6,183 303 8,031 8,031 11,361 11,361 (1,146) (1,556) (2,702) (2,702) (11,361) (11,361) (11,361) 5,465 10,481 8,631 24,577 25,089 49,666 5,465 10,481 8,631 24,577 25,089 49,666 8,123 2,788 2,259 13,170 15,757 28,927 1,917 1,917 380 2,297 (618) (433) (1,051) (1,051) (380) (380) (1,917) (2,297) 15,125 12,651 10,457 38,233 39,309 77,542 261,064 6,666 4,825 272,555 629,949 902,504 205,867 6,370 7,156 219,393 704,159 923,552 111
12. (b) 1,057,020 1,106,912 (c) 17,068 24,150 (d) 1 6 59,376 45,959 54,309 68,608 113,685 114,567 112
13. 88 88 5,490 35,223 40,713 5,578 35,223 40,801 5,578 35,223 40,801 5,605 5 5,610 11,183 35,228 46,411 912 514 1,426 124 915 1,039 1,036 1,429 2,465 1,036 1,429 2,465 494 3,497 3,991 1,530 4,926 6,456 9,653 30,302 39,955 4,542 33,794 38,336 113
14. 23,644 5,629 5,629 18,015 23,644 7,453 7,453 10,562 16,191 18,015 23,644 114
14. 19.36% 44 15. 234,749 232,046 115
15. 30,000,000 99.7% 99.7% 100% 100% 10,000,000 Sinomedia Global Pte. Ltd. 2,000,000 100% 100% 116
15. 99.7% 100% 2,000,000 99.7% 100% 1,000,000 99.7% 100% 3,000,000 99.7% 100% 28,000,000 117
15. 99.7% 100% 10,000,000 99.7% 100% 5,000,000 99.7% 100% 50,000,000 99.7% 100% 25,000,000 99.7% 100% 1,000,000 118
15. 30,000,000 99.7% 100% 70.8% 71% 30,841,400 75% 75.26% 50,930,000 75% 75.26% 10,000,000 119
15. 99.7% 100% 20,000,000 99.7% 100% 10,000,000 99.7% 100% 10,000,000 120
16. 33,794 1,995 39,298 4,855 4,855 6,850 44,153 33,794 6,850 44,153 33,794 48.9% 49% 10,000,000 121
16. 100% 4,435 (354) (4,081) 2,150 1,715 2,168 (173) (1,995) 1,051 839 100% 300,481 (172,393) (128,088) 245,370 27,369 87,151 (47,853) (39,298) 35,547 2,866 (a) 600 14.3%20% 27,618 (b) 49% 51% 122
17. (a) 4,157 4,157 4,157 123
17. (b) Ftuan.com (i) (ii) 20,000 (iii) 219 219 (iii) 3,198 3,198 3,417 3,417 23,417 3,417 (i) 300Ftuan.com2.71% Ftuan.com100% Ftuan.com Ftuan.com 18,952 18,952 18,952 18,952 Ftuan.com (18,952) (18,952) (18,952) (18,952) (ii) 4.375% 4.375%32,500 124
17. (b) (iii) 3,417 4,339 3,417 3,767 (752) (3,423) (60) (3,423) (240) 6 (110) 6 (110) 3,417 3,417 125
17. (c) 10% 10% 10,500 10,500 284 284 (10,784) (10,784) 534 534 534 534 126
18. 2,550 1,800 163,307 144,272 18(b) (71,080) (73,475) 92,227 70,797 435,779 327,206 92,227 70,797 435,779 327,206 291,904 230,840 2,372 4,981 595 386 (i) 51,310 78,249 263 (10,246) (6,266) 427,567 378,601 436,637 327,592 430,117 380,401 436,637 327,592 (i) (a) 52,111 45,224 29,675 16,671 1,134 100 8,422 80,387 70,980 73,955 73,475 163,307 71,080 144,272 73,475 127
18. (a) 25 (b) 73,475 65,129 1,603 323 8,292 (2,718) (1,549) 71,080 73,475 71,080 73,475 71,08073,475 128
18. (c) 52,111 45,224 29,815 25,032 9,729 268 572 273 40,116 25,573 92,227 70,797 129
19. 801,773 1,070,106 86,244 23,140 30,692 (i) 152,183 1,785 984,648 1,070,106 88,029 23,140 (30,692) (152,183) (1,785) 801,773 1,070,106 86,244 23,140 (i) 152,183 130
19. (a) 698,083 1,023,771 74,145 10,396 64,252 515 1 1 1 1 6 7 6 7 6,982 9,460 22,556 26,471 21,985 22,617 801,773 1,070,106 86,244 23,140 (b) 430,577 530,495 5(c) 28,927 24,187 5(c) 3,991 1,039 14 5,629 5(a) 4,496 351 5(a) (18,790) (21,823) (60,118) 840 (3,455) 110 157 22 2,113 2,739 397,775 533,690 (51,302) 109,101 (311,997) (738,207) 34,476 (95,416) 131
20. (i) 16,956 294,084 19,197 22,523 (ii) 16,587 5,437 56,180 146,598 1,006 1,135 109,926 469,777 (iii) 407,929 441,106 517,855 910,883 (i) 326 241,223 330 15,572 16,300 37,289 16,956 294,084 (ii) (iii) 25 132
21. 145,152 5,000 145,152 145,152 5,000 145,152 145,152 290 22. (a) 0.1 3.2 3.2 133
22. (a) (i) 3,540,000 10 2,740,000 10 2,740,000 10 2,068,000 10 (ii) 1.56 13,556,000 1.56 13,596,000 1.56 1,828,000 1.56 40,000 1.56 640,000 1.56 11,088,000 13,556,000 11,088,000 13,556,000 1.56 2.51.5 134
22. (a) (iii) 2.31 1.56 34.39% 10 0.00% 4.17% (b) 135
22. (b) (i) (1) 165,000 8 165,000 8 165,000 8 165,000 8 (2) 1,923,500 8 2,340,000 8 2,555,000 8 3,587,000 8 136
22. (b) (i) (3) 8 8 8 125,000 8 (4) 137
22. (b) (i) (4) 162,500 8 162,500 8 163,000 8 225,000 8 (5) 130,000 8 130,000 8 130,000 8 205,000 8 138
22. (b) (i) (6) 200,000 8 200,000 8 200,000 8 200,000 8 (7) 139
22. (b) (i) (7) 8 340,000 8 340,000 8 340,000 8 (8) 95,000 8 175,000 8 175,000 8 175,000 8 140
22. (b) (i) (9) 390,000 8 430,000 8 430,000 8 430,000 8 (10) 270,000 8 270,000 8 270,000 8 270,000 8 141
22. (b) (ii) 1.49 660,000 1.84 16,367,500 2.82 500,000 2.88 873,000 2.62 2,240,000 2.36 800,000 3.22 1,860,000 23,300,500 4.31 700,000 6.86 1,880,000 2,580,000 1.84 1,131,500 2.62 70,000 3.22 75,000 1,276,500 1.84 187,500 2.82 375,000 6.86 40,000 602,500 1.49 660,000 1.84 15,048,500 2.82 125,000 2.88 873,000 2.62 2,170,000 2.36 800,000 3.22 1,785,000 4.31 700,000 6.86 1,840,000 24,001,500 1.49 660,000 1.84 15,048,500 2.82 125,000 2.88 873,000 2.62 2,170,000 2.36 800,000 3.22 1,785,000 4.31 700,000 6.86 1,840,000 24,001,500 5.50 1,080,000 1,080,000 1.84 4,538,000 2.88 160,000 2.62 155,000 3.22 165,000 4.31 80,000 5,098,000 1.84 105,000 2.62 1,420,000 3.22 600,000 6.86 160,000 2,285,000 1.49 660,000 1.84 10,405,500 2.82 125,000 2.88 713,000 2.62 595,000 2.36 800,000 3.22 1,020,000 4.31 620,000 6.86 1,680,000 5.50 1,080,000 17,698,500 1.49 660,000 1.84 10,405,500 2.82 125,000 2.88 713,000 2.62 390,000 2.36 400,000 3.22 340,000 4.31 95,000 6.86 390,000 13,518,500 1.49 2.75 1.84 3.5 2.82 3.9 2.88 3.95 2.62 4.33 2.36 5.02 3.22 5.69 4.31 6.28 6.86 6.55 5.50 7.69 142
22. (b) (iii) 1.49 1.49 43.77% 8 2.49% 2.16% 1.74 1.84 46.17% 8 1.61% 2.09% 2.82 2.82 45.72% 8 1.30% 2.02% 2.88 2.88 45.70% 8 1.30% 2.16% 2.60 2.62 41.47% 8 2.94% 1.74% 2.36 2.36 42.58% 8 5.37% 1.52% 3.22 3.22 43.51% 8 4.96% 0.66% 4.31 4.31 44.58% 8 5.33% 0.95% 6.68 6.86 45.82% 8 3.94% 2.20% 5.40 5.50 55.13% 8 6.00% 1.98% 143
22. (b) (iii) 2,1132,739 23. (a) 83,563 91,666 119,174 158,909 (153,166) (167,012) 49,571 83,563 144
23. (b) (i) (3,633) (1,513) (5,146) (6,456) (6,456) 121 (222) (101) (3,512) (8,191) (11,703) (3,512) (8,191) (11,703) 718 4,799 5,517 (2,794) (3,392) (6,186) (ii) (6,186) (11,703) (c) 1,065,442 875,414106,22587,279 145
24. (a) 24(c) 24(d) 24(d) 24(d) 24(d) 171 472,973 22 34,972 (47,487) 124,285 584,936 22 2,739 2,739 1 12,240 (10,042) 2,199 (119,453) (119,453) (18,922) 166,156 147,234 172 485,213 22 27,669 (66,409) 170,988 617,655 22 2,113 2,113 2 15,325 (4,640) 10,687 500,560 (500,538) (22) (147,908) (147,908) 6,067 123,650 129,717 500,734 25,142 (60,342) 146,730 612,264 146
24. (b) (i) 10.71 13.01 60,866 73,033 10.71 13.01 60,866 73,033 121,732 146,066 13.50 13.50 153,418 0.79346 121,732 153,418 (ii) 147,908 119,453 360 585 148,268 120,038 147
24. (b) (ii) 186,330 0.79380147,908 (c) (i) 1 2 1,800,000,000 562,500 561,289,370 175,403 555,685,900 173,652 6,926,000 2,164 5,603,470 1,751 3 568,774,523 568,215,370 568,952,090 561,289,370 175,403 500,733,933 172,425 148
24. (c) (i) 1622 2622135 362211 37 (ii) (iii) 6,926,000 10,6872 15,325 4,640 1(r)(ii) 149
24. (c) (iv) (1) 365 25% 25% 11,088,000 1.56 13,556,000 (2) 150
24. (c) (iv) (2) 1.49 165,000 165,000 1.49 165,000 165,000 1.49 165,000 165,000 1.49 165,000 165,000 1.84 4,835,000 4,835,000 1.84 4,835,000 4,835,000 1.84 4,835,000 4,835,000 1.84 4,835,000 4,835,000 2.82 325,000 325,000 2.82 325,000 325,000 2.82 325,000 325,000 2.82 325,000 325,000 2.88 265,000 265,000 2.88 265,000 265,000 2.88 265,000 265,000 2.88 265,000 265,000 2.62 635,000 635,000 2.62 635,000 635,000 2.62 635,000 635,000 2.62 635,000 635,000 2.36 350,000 350,000 2.36 350,000 350,000 2.36 350,000 350,000 2.36 350,000 350,000 3.22 465,000 465,000 3.22 465,000 465,000 3.22 465,000 465,000 3.22 465,000 465,000 4.31 175,000 175,000 4.31 175,000 175,000 4.31 175,000 175,000 4.31 175,000 175,000 6.86 470,000 470,000 6.86 470,000 470,000 6.86 470,000 470,000 6.86 470,000 470,000 5.50 270,000 5.50 270,000 5.50 270,000 5.50 270,000 31,820,000 30,740,000 151
24. (c) (iv) (2) 22 17,698,500 24,001,500 (d) (i) 32 48B49H62211 37 24(c)622 (ii) 1(r)(ii) (iii) 10% 50% 25% 152
24. (d) (iv) 1(v) (v) (vi) 153
25. (a) 90 0.00%0.00% 6.36%5.17% 18 (b) 154
25. (b) * 109,926 109,926 109,926 145,152 145,152 145,152 534 534 534 * 470,778 470,778 470,778 10,949 10,949 10,500 * 155
25. (b) 1,999 1,999 1,999 145,152 145,152 145,152 2,336 2,336 2,336 (c) (i) 156
25. (c) (ii) (iii) 431,837 323,955 5,191 935 74,145 10,396 64,252 515 1 1 1 1 6 7 6 7 6,982 9,460 26,556 (1,917) (1,227) (710) (417) (13,342) (592) (51) (145,152) (45,664) 18,290 495,386 322,834 157
25. (c) (iii) 0.7878 0.7985 0.7889 0.7862 6.1080 6.1912 6.1190 6.0969 5.2238 5.9832 5.0174 5.4301 7.9373 8.3682 7.4556 8.4189 4.7121 4.9387 4.6396 4.7845 (iv) 10% 7,415 10% 636 (10%) ( 7,415 ) (10%) (636) 10% 1 10% 1 (10%) (1) (10%) (1) 10% 0.1 10% 0.1 (10%) (0.1) (10%) (0.1) 10% (12,676) 10% 2,011 (10%) 12,676 (10%) (2,011) 10% 693 10% 709 (10%) (693) (10%) (709) 158
25. (c) (iv) 10% 6,425 10% 71 (10%) ( 6,425 ) (10%) (71) 10% 1 10% 1 (10%) (1) (10%) (1) 10% 0.1 10% 0.1 (10%) (0.1) (10%) (0.1) 10% 43,113 10% 32,301 (10%) ( 43,113 ) (10%) (32,301) 10% 10% 0.01 (10%) (10%) (0.01) 159
25. (d) 17 (e) (i) 13 160
25. (e) (i) 4,157 4,157 534 534 161
25. (e) (i) 20,000 20,000 3,198 3,198 219 219 10,500 10,500 17 (ii) 162
26. (a) (b) 4,650 3,477 4,438 1,233 9,088 4,710 97,125 97,295 27. 163
28. (a) (i) 675 (i) 675 (b) (i) 722 650 (i) 722 (c) 722 722 164
28. (d) 78 5,122 6,112 93 255 5,215 6,367 5(b) 29. 24(b) 30. 165
31. 19 11 16 38 15 9 166
1,634,652 1,767,036 1,642,113 1,617,800 1,373,173 424,126 506,131 419,672 352,292 208,979 7,291 20,909 18,589 16,340 13,554 (840) 3,455 (1,169) (7,169) (584) 430,577 530,495 437,092 361,463 221,949 (124,691) (158,808) (131,468) (119,132) (55,598) 305,886 371,687 305,624 242,331 166,351 306,571 369,108 302,591 238,945 158,064 (685) 2,579 3,033 3,386 8,287 305,886 371,687 305,624 242,331 166,351 272,555 219,393 53,253 56,229 54,601 629,949 704,159 3,766 3,899 39,955 38,336 18,015 23,644 230,000 6,850 44,153 792,869 47,722 6,000 23,417 48,086 30,447 6,186 11,703 24,339 3,643 8,748 2,550 1,800 5,146 703,260 438,761 318,683 667,539 804,393 1,679,320 1,505,366 1,246,142 1,039,479 873,742 (4,041) (12,442) (14,245) (13,657) 1,679,320 1,505,366 1,233,700 1,025,234 856,044 167
500,734 172 171 171 174 1,168,674 1,477,978 1,224,542 1,018,704 848,966 1,669,408 1,478,150 1,224,713 1,018,875 849,140 9,912 27,216 8,987 6,359 6,904 1,679,320 1,505,366 1,233,700 1,025,234 856,044 0.542 0.661 0.544 0.424 0.279 0.528 0.636 0.532 0.419 0.278 168