2014

2014 2 3 4 8 11 27 37 54 56 57 58 60 61 63 64 155 156 1

2014 925 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 18 66 (852) 2511 6016 (852) 2598 6905 Codan Services Limited Clarendor House, 2 Church Street, Hamilton, HM11, Bermuda 183 22 www.bphl.com.hk 2

2014 # 67.39% 925 100% 100% 100% 98.9% 18.92% 100% 82.24% 75.4% 70% 70% 100% 100% 60% 0.6% 100% 100% # 67.39% ** *** 3

2014 51 51 46 2389 1131 50 392 371 53 4

2014 41 525 29 68 30 CEC 759 2728 49 600340 6130 4328032 57 TORAY University of Illinois 5

2014 61 50 42 45 54 Coventry Polytechnic 43 6

2014 41Curtin University University of South Australia 52 50 51 7

2014 1) 2) 3 1. 888,000,000 35% 8

2014 2. PAG 8,000 25%13 2.8 49.7% 9

2014 10

2014 166,880,000 700,960,000 139,330,000 456,740,000 58,880,000 1. MJQ MJQ65% 35% MJQ 820,807 248,607 (%) (%) (%) * 76 549,200 InterLogDHL 1 100 211,985 211,985 94.48 78.98 Kintetsu Express 19 70 24,922 24,922 96.4 96.67 Kintetsu Express F 70 34,700 11,700 100 2 820,807 248,607 * 1 2 11,700 23,000 11

2014 1. (a) 356,200 76.36% 1.15 (b) 23 94.48% 1.51.32.2 Global Logistics Properties Ltd (c) 96.4% 1.64 0.92 (d) 11,7000.8423,000 0.88 888,000,00035% 12

2014 2. 92,600 (%) 60 66,497 2012 100 26,103 Quzhou Fruit and Vegetable Association Quzhou Counsel of Dry Grocery 92,600 (a) 66,497100,000100,000 53,000 20% 1.3 0.7 4%11 6% 13

2014 2. (b) 150 3,000 5226,10390% 11% 136,50072,50025,00024,000 15,000 3. (a) 99% 62,000 11 10%90% (b) 333 80% 14

2014 4. CAQ (a) 2389 20.86% (b) Cell Aquaculture LimitedCAQ 40%CAQCAQ 12.67% 87,000 40% 260 18,50031,19065% 5% 10%18% (9%)(8.5%)(10.5%)(8.8%)(9.7%)(8.8%)(9.5%)(8.5%) (9%)(11.6%)(13%) 5.060.41 15

2014 1. 2. 8% 10% 4.3% 3. 3,000,000 1,000,000 16

2014 202,980,00035,850,000 167,130,000466.19% 166,640,00031,940,000 134,700,000421.73% % % % 106,815 94.36 19,878 98.08 86,937-3.72 17,740 96.57 6,510 96.96 11,230-0.39 1,286 100.00 1,286 9,723 68.87 9,460 64.81 263 4.06 23,494 88.63 23,494 43,925 45.30 43,925 202,983 82.09 35,848 89.1 167,135-7.01 106,820,000 19,880,00086,940,000437.32% 78.98%94.48% 98.08% 94.36% 17

2014 17,740,0006,510,000 11,230,000172.5% 96.4%96.67%0.2796.96% 0.3996.57% 11,700 1,290,000 100% 9,720,0009,460,000260,000 2.75% 85.48%79.65% 68.87% 64.81%4.06 23,500,000 51,810,000 88.63% 90.65% 18

2014 43,930,000 45.32%80.86% 543.99 26,380,000 49.56% 11,250,000 15.58% 6,300,00080.65% 19%47,220,000 106,100,00058,880,000 1,402,820,0001,859,560,000 456,740,000 119,410,000137,150,000 17,740,00012.93% (i) 17,930,000 (ii)30,010,000(iii) 20,100,00020,940,000 19

2014 5,830,0001,010,0004,820,000 477.23% 180,000,000116,210,00063,790,000 54.89% (i) 29,940,000 (ii)25,300,00055,160,000 29,860,000 2,200,000 15,800,000 72,800,000 155,100,000 32,000,0009,810,00022,190,000 226.2% 4,740,000 20,100,000 20

2014 123,920,00037,860,00086,060,000 227.31% (i) PAG 31,610,00021,850,000 20,840,000(ii) 70,420,00012,420,00058,000,000 466.99% 11.1 23 20,440,00016,960,000 3,480,00020.52% 20,420,000 16,960,00016,940,000 99.88% 2,770,0001,090,000 3,860,000354.13% 20.86% 9,555,330,0005,448,230,000 4,107,100,00075.38% (i) 2,860,370,000 (ii) MJQ511,000,000 638,290,000(iii)314,950,000 21

2014 5,243,370,0001,950,800,000 3,292,570,000168.78% (i) PAG 391,220,000 (ii) 1,192,010,000 (iii) 1,640,300,000(iv)511,000,000 638,290,000 4,161,840,000 3,430,200,000731,640,00021.33% (i) PAG 247,320,000 (ii) 487,166,195 331,720,000 (iii) (iv) 1,241,760,000 468,150,000 927,150,000 199,630,000 25,650,000 1,376,560,000 (i)781,540,000 (ii)369,660,000 (iii)238,000,0002,111,070,000 PAG616,290,000 638,290,000 989,960,000 22

2014 3,333,910,000 1,114,220,000 (i)2,304,400,000(ii)391,220,000pag (iii)638,290,000 48.52%18.47% PAG 2,304,400,00041.87% 52.53% 5.6% 36.67% 1,241,760,0004.49% 16.84% 78.67% PAG4 73.82% 73.76% 124.64% PAG 2,092,150,000 646,070,0001,446,080,000 42,000,000 23

2014 3,020,850,0002,575,960,000 2,330,450,000 (i) 1,140,000,000 1,424,090,000 2,000,000,000 76% (ii) 55,020,000 69,250,000 (iii) 60%126,620,000 159,380,000 (iv) 50%109,890,000 137,260,000 70% 56,000,000 72,000,000 24

2014 (a) 227,396 129,620,000 163,179,000 40 (b) 50% 219,782,60050%111,000,000 138,600,000 (c) 20.86% 2389 20.86%472,500,000 (d) 80% 28 19% (i) (ii)19% 25

2014 (e) Fuchang Investments Limited Best Ring Investment Limited Fuchang Investments Limited Fuchang 62,000,000 Fuchang 42.66%25% 2,222,150,000 549 134 117,230,00062,000,000 26

2014 27

2014 28

2014 5 3 3 2 5 4/5 0/5 5/5 2/2 0/5 5/5 5/5 5/5 0/5 3/5 2/3 1/2 0/5 5/5 0/5 4/5 0/5 1/2 0/4 4/4 1/1 0/5 5/5 3/3 3/3 2/2 5/5 5/5 1/3 1/5 5/5 3/3 3/3 2/2 4/5 1/1 1/1 1/1 0/1 4/4 2/2 3/3 2/2 4/5 4/4 2/2 3/3 2/2 4/5 29

2014 3.13 30

2014 A.6.7 A.6.7 E.1.2 A.2.7 30 31

2014 1. 2. 3. 4. 5. (www.bphl.com.hk) (i) (ii) (iii) 32

2014 33

2014 6,900,0003,800,000 3,100,000 2,900,000 3.2915 54 55 34

2014 (ir@bphl.com.hk)1866 1. 2. 1866 3. 77 4. 10 1410 5. 35

2014 1. 2. 36

2014 19 56 154 156 14 15 155 37 38 33 39 37

2014 356,178,000 423,880,000 (a) (b) 1,694,873,000 21.53%5.14% 30% 5% 38

2014 111(A)114 13.51B(1) 39

2014 2728 8032 13.51B(1) 4 7 33 40

2014 38 XV 352 (%) 9,690,000 0.144 XV352 41

2014 1 30%12 1% (i)(ii) (iii) 38 42

2014 2 2 1 1 6,000,000 6,000,000 4,250,000 4,250,000 11,000,000 11,000,000 9,000,000 9,000,000 4,000,000 4,000,000 0.465 0.410 0.574 0.940 0.750 21,250,000 13,000,000 34,250,000 6,000,000 6,000,000 6,000,000 6,000,000 10,000,000 10,000,000 9,000,000 9,000,000 4,000,000 4,000,000 0.465 0.410 0.574 0.940 0.750 22,000,000 13,000,000 35,000,000 5,000,000 5,000,000 3,300,000 3,300,000 6,000,000 6,000,000 4,000,000 4,000,000 2,000,000 2,000,000 0.465 0.410 0.574 0.940 0.750 14,300,000 6,000,000 20,300,000 5,000,000 5,000,000 5,000,000 5,000,000 6,000,000 6,000,000 5,000,000 5,000,000 3,000,000 3,000,000 0.465 0.410 0.574 0.940 0.750 16,000,000 8,000,000 24,000,000 5,000,000 5,000,000 5,000,000 5,000,000 4,000,000 4,000,000 4,000,000 4,000,000 1,000,000 1,000,000 0.465 0.410 0.574 0.940 0.750 14,000,000 5,000,000 19,000,000 43

2014 2 2 1 ( 1 5,000,000 5,000,000 4,000,000 4,000,000 4,000,000 4,000,000 1,000,000 1,000,000 0.465 0.574 0.940 0.750 9,000,000 5,000,000 14,000,000 4,000,000 (4,000,000) 4,000,000 4,000,000 1,000,000 1,000,000 0.574 0.940 0.750 4,000,000 5,000,000 (4,000,000) 5,000,000 2,000,000 2,000,000 1,837,700 1,837,700 2,000,000 2,000,000 1,500,000 1,500,000 0.465 0.410 0.574 0.940 5,837,700 1,500,000 7,337,700 2,000,000 2,000,000 2,000,000 2,000,000 1,500,000 1,500,000 0.465 0.574 0.940 4,000,000 1,500,000 5,500,000 2,000,000 2,000,000 2,000,000 2,000,000 1,500,000 1,500,000 0.465 0.574 0.940 4,000,000 1,500,000 5,500,000 * 5,000,000 5,000,000 5,000,000 5,000,000 6,000,000 6,000,000 4,000,000 4,000,000 0.465 0.410 0.574 0.940 16,000,000 4,000,000 20,000,000 ** 5,000,000 5,000,000 5,000,000 5,000,000 6,000,000 6,000,000 4,000,000 4,000,000 2,000,000 2,000,000 0.465 0.410 0.574 0.940 0.750 16,000,000 6,000,000 22,000,000 44

2014 2 2 1 1 *** 2,000,000 2,000,000 1,837,700 1,837,700 2,000,000 2,000,000 1,500,000 1,500,000 0.465 0.410 0.574 0.940 5,837,700 1,500,000 7,337,700 **** 2,000,000 2,000,000 1,837,700 1,837,700 2,000,000 2,000,000 1,500,000 1,500,000 0.465 0.410 0.574 0.940 5,837,700 1,500,000 7,337,700 148,000,000 (6,000,000) 142,000,000 263,550,000 (8,300,000) 255,250,000 113,000,000 113,000,000 135,500,000 135,500,000 22,000,000 22,000,000 0.465 0.410 0.574 0.940 0.750 524,550,000 157,500,000 (14,300,000) 667,750,000 682,613,100 230,000,000 (18,300,000) 894,313,100 * ** *** **** 1. 2. 0.88 0.890.75 3. 45

2014 13,000,000 5,008 13,000,000 5,008 6,000,000 2,285 8,000,000 2,990 5,000,000 2,019 5,000,000 2,019 5,000,000 2,019 1,500,000 657 1,500,000 657 1,500,000 657 4,000,000 1,752 6,000,000 2,285 1,500,000 657 1,500,000 657 157,500,000 38,178 230,000,000 66,848 66,848,000 36,821,000 46

2014 18 336 (%) (a) 1,557,792,500 1,557,792,500 23.08% (b) 2,417,076,407 1,557,792,500 3,974,868,907 58.88% (c) 3,974,868,907 3,974,868,907 58.88% Illumination Holdings Limited (d) 87,451,458 87,451,458 1.30% (e) 487,166,195 87,451,458 574,617,653 8.51% (f) 4,549,486,560 4,549,486,560 67.39% Thular Limited (g) 354,400,000 354,400,000 5.25% (g) 354,400,000 354,400,000 5.25% Kerry Group Limited (g) 354,400,000 354,400,000 5.25% PA Broad Opportunity VI Limited (h) 838,573,244 838,573,244 12.42% Pacific Alliance Asia Opportunity Fund L.P. (h) 838,573,244 838,573,244 12.42% Pacific Alliance Group Asset Management Limited (h) 838,573,244 838,573,244 12.42% Pacific Alliance Group Limited (h) 838,573,244 838,573,244 12.42% Pacific Alliance Investment Management Limited (h) 838,573,244 838,573,244 12.42% PAG Holdings Limited (h) 838,573,244 838,573,244 12.42% 47

2014 (a) 1,557,792,500 (b) (i) 2,417,076,407(ii) 1,557,792,500 (c) (d) Illumination Holdings Limited Illumination 87,451,458 (e) (i) 487,166,195 (ii) Illumination Illumination 87,451,458Illumination (f) (g) Thular Limited Thular Timekey Limited 354,400,000Thular Kerry Group Limited KGL KGLThular (h) PA Broad Opportunity VI Limited490,510,00080,000,000 0.74838,573,244 336 46 A14A.45 48

2014 A 11,360,53690,028,555 191,464,862292,853,953 433,199,610 46,950,92946,950,929 53,966,585 14A.33 (a) 2410 1,441,224 1,813,925 (b) 1 A3,100A 1 B 8,023194.40 260B A781,200 983,218 B1,956,299 2,462,196 49

2014 (c) 30%100% E2-101 1. E1-101 339.29 222,914 280,560 2. E2-101 A16 182.45 601.5 100,493 126,480 207,120 260,681 3. E2-101 182.45 19,376 24,387 * 4. E2-102 156.84 103,044 129,691 5. C2/F-C100 B15 221.82 387.22 145,736 183,423 213,336 268,505 50

2014 (c) 353,332 444,704 1 23,013 28,964 * A (i)(ii) (iii) 3000 740 14A.38 51

2014 13.18 13.21 120,000,000 1 490,510,000 2 327,000,000 1 88,000,000 1 1. 40% (a)(b) 2. 40% 25% 50 52

2014 53

2014 Ernst & Young 22/F, CITIC Tower 1 Tim Mei Avenue Central, Hong Kong 1 22 Tel : +852 2846 9888 Fax : +852 2868 4432 ey.com 56154 90 54

2014 55

2014 5 202,983 35,848 (36,345) (3,909) 166,638 31,939 15 314,951 193,801 6 90,585 60,575 40 58,876 456,741 5 28,824 76,576 (5,832) (1,011) (180,004) (116,214) 34 (2.238) 139,333 (32,006) (9,805) 7 (123,918) (37,857) 19(a)(ii) (20,440) (16,961) 20(b) 2,773 (1,086) 8 298,209 776,031 11 (107,199) (53,228) 191,010 722,803 12 166,876 700,962 24,134 21,841 191,010 722,803 13 2.52 11.23 2.43 9.35 56

2014 191,010 722,803 (72,949) 44,893 41 2,859 (24,846) 12,405 447 444 (97,348) 60,601 (2,316) (99,664) 60,601 91,346 783,404 70,693 762,935 20,653 20,469 91,346 783,404 57

2014 14 887,181 20,925 15 5,209,917 2,919,061 16 250,112 263,614 17 212,650 149,881 19 451,072 943,187 20 478,365 50,578 21 3,541 3,630 22 138,601 200,912 135,642 41,625 26 53,321 25,614 7,820,402 4,619,027 23 101,471 24 1,253 25 13,085 16,118 26 80,806 32,986 19 295,537 311,932 27 1,023 10 28 927,154 199,633 28 314,602 268,521 1,734,931 829,200 29 73,115 659 30 257,121 80,807 19 4,163 48,291 27 11,340 322,521 31 844,985 207,722 32 638,287 33 1,832 8,226 3,418 34 513,096 2,350,333 665,250 (615,402) 163,950 7,205,000 4,782,977 58

2014 27 238,095 30,395 31 1,459,417 904,669 33 391,219 35 15,089 36 789,212 350,481 2,893,032 1,285,545 4,311,968 3,497,432 37 675,059 624,312 39(a) 3,486,778 2,805,887 4,161,837 3,430,199 150,131 67,233 4,311,968 3,497,432 59

2014 39(a) (ii) 39(a) (iii) 383,779 367,278 78,535 5 174,952 65,815 86,503 1,156,867 (15,455) 1,141,412 700,962 700,962 21,841 722,803 46,265 46,265 (1,372) 44,893 41 2,859 2,859 2,859 12,405 12,405 12,405 444 444 444 61,973 700,962 762,935 20,469 783,404 37(a) 30 131 (38) 123 123 37(b) 228,160 1,338,780 (166,940) 1,400,000 1,400,000 37(c), 40 12,343 61,110 73,453 62,219 135,672 38(b) 36,821 36,821 36,821 33 (7,754) 7,754 2,705 (2,705) 624,312 1,400,021* 367,278* 115,318* 5* 258* 127,788* 2,705* 792,514* 3,430,199 67,233 3,497,432 166,876 166,876 24,134 191,010 (70,047) (70,047) (2,902) (72,949) (24,846) (24,846) (24,846) 447 447 447 (1,737) (1,737) (579) (2,316) (94,446) (1,737) 166,876 70,693 20,653 91,346 37(a) 1,830 10,641 (3,982) 8,489 8,489 37(b) 200 1,204 (172) 1,232 1,232 37(d), (e) 48,717 283,007 331,724 331,724 40 220,171 220,171 5,331 5,331 (157,926) (152,595) 38(b) 66,848 66,848 66,848 33 (86) 86 33 247,321 247,321 247,321 299 (299) 675,059 1,694,873* 367,278* 178,184* 5,336* 247,321* 33,342* 3,004* (1,737)* 959,177* 4,161,837 150,131 4,311,968 * 3,486,778,0002,805,887,000 60

2014 298,209 776,031 5 (5,187) 40 (58,876) (456,741) 5 (8,255) (24,928) 5 (18,751) (19,851) 6 (90,585) (60,575) 5 (3,692) 8 132 8 2,803 15 (314,951) (193,801) 14 15,720 2,272 16 6,753 6,766 34 2,238 (139,333) 8 66,848 36,821 8 1,045 7 123,918 37,857 19 20,440 16,961 20 (2,773) 1,086 41,112 (23,511) (39) 12,738 2,150 (18,620) 55,009 (1,013) 144 (5,687) (3,885) 12,625 19,377 (403) 34 (3,352) (72,789) 37,361 (23,505) (11,710) (4,311) 25,651 (27,816) 61

2014 14 (3,859) (8,955) 8 (369,664) (9,269) 16 (21,904) 40 (247,041) (1,135,494) (472,500) (51,228) (62,000) (153,273) 3,373 36,671 8,100 21,030 5,147 (138,601) (153,691) (99,404) (41,625) (27,480) 19,574 28,903 (1,376,564) (1,496,618) (75,500) 169,367 1,357,268 146,634 (367,305) (18,965) 33 616,286 32 638,287 33 (650) (61,160) (65,801) (30,350) 37(a) 8,489 123 2,583 2,111,074 208,232 760,161 (1,316,202) 468,154 1,769,367 (14,039) 14,989 1,214,276 468,154 227,980 248,555 28 86,622 19,966 314,602 268,521 28 927,154 199,633 (27,480) 1,214,276 468,154 62

2014 14 71 49 18 2,711,029 2,007,434 22 138,601 2,849,701 2,007,483 18(c) 874,626 663,532 19 15,050 26 888 769 28 12,567 115,698 888,081 795,049 27 2,116 41,841 18(c) 299 11,743 30 24,661 3,079 31 30,000 33 1,832 57,076 58,495 831,005 736,554 3,680,706 2,744,037 31 45,000 33 391,219 436,219 3,244,487 2,744,037 37 675,059 624,312 39(b) 2,569,428 2,119,725 3,244,487 2,744,037 63

2014 1. 2.1 (i) 441,790,020,000(ii) 615,402,000 (a) 295,537,000 949,316,000 (b) 342,000,000 64

2014 2.1 (c) 513,096,000 (d) 408,000,000 (e) 125,000,000 352,246,000 (f) 65

2014 2.1 622911 76 87 32 (i)(ii) (iii)(i)(ii)(iii) 66

2014 2.2 1012 27 32 39 21 2 3 13 1 1 1 1 101227 3221 13 (a) 10 1227 12 10 (b) 32 32 67

2014 2.2 (c) 21 37 21 (d) 13 2.3 1 2 9 4 10 2 28 10 2 1228 11 2 14 5 15 3 16 2 38 16 2 41 19 1 27 2 1 1 2 1 2 3 4 5 68

2014 2.3 622 (a) 1 (b) 9 399 9 9 (c) 102810 28 (d) 101228 12 69

2014 2.3 (e) 11 3 11 (f) 1515 15 15 15 (g) 1638 1638 (h) 2.2 8 8 70

2014 2.4 (a) (b) (c) 20% 71

2014 2.4 39 39 72

2014 2.4 73

2014 2.4 74

2014 2.4 (a) (i)(ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) 75

2014 2.4 40 4 5 10 3 5 5 76

2014 2.4 (i) 77

2014 2.4 (ii) (a)(b) (i) 78

2014 2.4 (i) (ii) 79

2014 2.4 (a) (b) 80

2014 2.4 (i) (ii) (i)(ii) 81

2014 2.4 82

2014 2.4 83

2014 2.4 84

2014 2.4 (a) (b) (c) 38 85

2014 2.4 86

2014 2.4 87

2014 3. (a) (b) (c) 15 88

2014 3. 212,650,000149,881,000 17 50% 11 40(a)(ii) 89

2014 3. 13,085,00016,118,000118,038,000 48,354,000 25 26 35 8,226,000 3,418,000 4. (a) (b) 90

2014 4. 67,420 135,563 35,848 202,983 35,848 314,951 193,801 314,951 193,801 67,420 450,514 229,649 517,934 229,649 90,585 60,575 5,187 58,876 456,741 3,692 8,255 24,928 18,751 19,851 20,939 1,818 1,979 696,219 823,541 13,655 (273) 385,352 321,057 399,007 320,784 (20,421) (19) (16,961) (20,440) (16,961) (1,928) (1,094) 4,701 8 2,773 (1,086) (8,694) (1,367) 390,034 304,104 381,340 302,737 90,585 60,575 5,187 58,876 456,741 3,692 8,255 24,928 18,751 19,851 (20,096) 20,939 1,818 1,979 (117,402) (82,741) (123,918) (37,857) 298,209 776,031 91

2014 4. 2,712,734 578,699 5,022,266 3,890,830 7,735,000 4,469,529 1,820,333 978,698 9,555,333 5,448,227 721,924 9,263 91,615 64,499 813,539 73,762 4,429,826 1,877,033 5,243,365 1,950,795 13,511 1,358 1,489 14,869 1,489 851 783 15,720 2,272 6,753 6,766 6,753 6,766 480,899 451,072 462,288 451,072 943,187 50,578 478,365 478,365 50,578 2,238 (139,333) 2,238 (139,333) 31,646 25,437 * 2,485,261 453,630 2,575,183 2,938,891 2,575,183 428 777 2,939,319 2,575,960 * 90% 90% 92

2014 4. 10% 5,654,000 5. (1) (2) (3) 156,481 35,719 43,925 2,577 129 202,983 35,848 8,255 24,928 45(a)(ii) 18,751 19,851 1,818 1,979 28,824 46,758 * 5,187 3,692 20,939 29,818 28,824 76,576 * 5,187,000 41 93

2014 6. 44,880,000 57.34%5,077,000 75%25%(i) 57.34% 5,077,000(ii) 85,508,000 (i)10,250,000 13,127,000 17,455,000 14,000,000 17,930,000 30(b) (ii) 43,120,000 43,120,000 7. 70,422 12,420 21,850 33 31,607 20,838 39 4,599 123,918 37,857 94

2014 8. 11,946 2,981 24,019 380 928 * 15,720 2,272 6,753 6,766 7,559 3,632 3,800 2,433 132 2,803 9 * 50,192 26,863 ** 55,155 29,863 10,840 5,275 35(a) 1,045 117,232 62,001 *** 11,693 6,958 20,096 (20,939) * 8,575,000 10,252,000 ** *** 95

2014 9. 62211 78 32161 1,933 2,172 1,521 2,098 (a) 1,225 358 (b) 28,670 20,666 31,416 23,122 33,349 25,294 96

2014 9. 180 4 5,008 5,192 180 1,515 569 5,008 7,272 144 656 2,990 3,790 144 2,285 2,429 132 2,019 2,151 132 2,019 2,151 132 2,019 2,151 15 15 84 1 1,752 1,837 108 1 2,285 2,394 1,251 1,521 1,225 25,385 29,382 132 657 789 132 657 789 132 657 789 11 11 11 11 132 657 789 132 657 789 682 3,285 3,967 1,933 1,521 1,225 28,670 33,349 97

2014 9. 180 3,139 3,319 180 2,098 2,616 4,894 180 2,878 3,058 144 1,570 1,714 144 1,570 1,714 144 1,570 1,714 144 358 1,570 2,072 132 1,046 1,178 132 1,046 1,178 132 1,046 1,178 1,512 2,098 358 18,051 22,019 132 523 655 132 523 655 132 523 655 132 523 655 132 523 655 660 2,615 3,275 2,172 2,098 358 20,666 25,294 (a) (b) 38 (c) 98

2014 10. 9 1,027 3,640 1,327 1,423 149 321 2,503 5,384 1,500,0012,000,000 3 2,000,0012,500,000 1 1 3 38 99

2014 11. 19,427 3,153 1,116 36 86,656 50,075 107,199 53,228 % % % (22,355) 320,564 298,209 (3,679) 16.5 80,150 25.0 76,471 25.6 (291) 1.3 5,105 1.6 4,814 1.6 7,752 (34.7) 7,752 2.6 (33,182) 148.4 (925) (0.3) (34,107) (11.4) 37,152 (166.2) 2,198 0.7 39,350 13.2 1,116 0.3 1,116 0.4 11,803 3.7 11,803 4.0 7,752 (34.7) 99,447 31.0 107,199 35.9 100

2014 11. % % % 252,724 523,307 776,031 41,699 16.5 130,827 25.0 172,526 22.2 2,574 1.0 405 0.1 2,979 0.4 1,434 0.6 1,434 0.2 (74,801) (29.7) (78,451) (15.0) (153,252) (19.7) 30,528 12.2 1,484 0.3 32,012 4.1 (3,238) (0.6) (3,238) (0.4) 767 0.1 767 0.1 1,434 0.6 51,794 9.9 53,228 6.9 2,501,000 1,930,000 5,676,000 12. 101,255,000 57,325,00039(b) 13. 6,615,956,321 6,243,121,654 101

2014 13. 166,876 700,962 7 20,838 7 4,599 166,876 726,399 6,615,956,321 6,243,121,654 243,307,113 120,137,902 1,403,420,018 6,859,263,434 7,766,679,574 102

2014 14. (a) (a) (b) 9,902 6,770 4,180 4,427 5,849 31,128 (888) (5,631) (2,216) (1,468) (10,203) 9,014 1,139 1,964 2,959 5,849 20,925 9,014 1,139 1,964 2,959 5,849 20,925 40 700,389 108,692 182 64,739 5,739 2,561 882,302 35 565 193 524 2,542 3,859 2,605 (2,605) (7,316) (1,841) (662) (4,242) (1,659) (15,720) (49) (91) (140) (3,336) (202) (22) (11) (75) (399) (4,045) 689,737 115,698 1,202 65,199 7,397 7,948 887,181 696,997 118,365 3,442 70,555 9,545 7,948 906,852 (7,260) (2,667) (2,240) (5,356) (2,148) (19,671) 689,737 115,698 1,202 65,199 7,397 7,948 887,181 103

2014 14. (a) (b) 9,188 6,184 3,908 2,088 2,578 23,946 (437) (5,072) (1,305) (938) (7,752) 8,751 1,112 2,603 1,150 2,578 16,194 8,751 1,112 2,603 1,150 2,578 16,194 40 205 205 342 525 114 2,063 5,911 8,955 (427) (502) (842) (501) (2,272) (20) (28) (48) (2,803) (2,803) 348 24 89 70 163 694 9,014 1,139 1,964 2,959 5,849 20,925 9,902 6,770 4,180 4,427 5,849 31,128 (888) (5,631) (2,216) (1,468) (10,203) 9,014 1,139 1,964 2,959 5,849 20,925 104

2014 14. 289 56 345 (289) (7) (296) 49 49 49 49 54 54 (32) (32) 71 71 110 110 (39) (39) 71 71 105

2014 14. 289 138 427 (289) (138) (427) 56 56 (7) (7) 49 49 289 56 345 (289) (7) (296) 49 49 (a) (b) 63,248,0001,576,000 31(a)(i) 106

2014 15. 170,248 170,248 40 2,402,602 117,825 2,520,427 1,970 22,499 24,469 196,243 (2,442) 193,801 9,811 305 10,116 2,780,874 138,187 2,919,061 40 1,602,965 80,229 1,683,194 1,880 367,784 369,664 16 300 300 281,823 33,128 314,951 (70,808) (6,445) (77,253) 4,596,734 613,183 5,209,917 (a) (b) 5,209,917,0002,919,061,000 13 107

2014 15. (b) (i) (%) 7% 7% (ii) 109,276,158 61,197,642 (iii) 9,075 8,774 (i) 1,500 8,600 1,500 8,070 (i) 1,331 (ii) 33% 74% (iii) 1,850 2,000 (i) 250 5,220 279 3,489 108

2014 15. (b) (c) 43(a) (d) 4,334,743,0002,382,102,000 31(a)(ii) 96,254,000 31(b) 16. 270,788 245,622 21,904 (6,753) (6,766) 15 (300) (6,626) 10,028 257,109 270,788 26 (6,997) (7,174) 250,112 263,614 (a) (b) 45,455,000 31(b) (c) 21,338,00022,209,000 109

2014 17. 149,881 149,881 149,881 40 44,031 18,738 62,769 44,031 168,619 212,650 149,881 (i) 13 110

2014 17. (ii) 13 13 12.4%20 111

2014 18. (a), (b) 1,797,472 140,972 (c) 913,557 1,866,462 2,711,029 2,007,434 (c), (d) 874,626 663,532 (c) (299) (11,743) 3,585,356 2,659,223 (a) 199,095,322 82.24 ) #^ 10,000,000 100 1.00 100 100 ^# 249,800,000 100 # 6,660,000 70 ^# 6,500,000 70 112

2014 18. (a) (b) ^ 98,500,000 100 (b) @ 11,520,000 100 10,000 99.9 99.9 (b) #@ 28,080,000 98.9 (b) #@ #@ 112,500,000 60 ^# * 2,000,000 100 ^ # @ 40 * 12 (b) 31(a)(iii) (c) 113

2014 19. 442,477 934,592 8,595 8,595 (a) 451,072 943,187 (c) 295,537 311,932 15,050 (c) (4,163) (48,291) 742,446 1,206,828 15,050 (a) (i) 500,000,000 76 76 76 50% 114

2014 19. (a) (ii) * 840,440 863,711 207,632 49,150 41,295 1,823,627 (307,383) (308,040) (1,229,935) (200,202) 582,207 596,966 601,122 395,997 428,488 15,296 (273,553) (283,025) (430,789) 76% 76% 80% 442,477 453,694 480,898 8,595 8,595 451,072 462,289 480,898 25,997 7,895 3,689 212 (19,863) (21,622) (6,885) (147) (145) (6,208) 12,202 (11,707) (41,161) (113) 7,468 2,520 (26) (22,317) (25,525) 14,461 16,322 (17,178) 14,435 (5,995) (42,703) (20) (16,961) (20,420) * 40 115

2014 19. (b) 480,898,000 31(a)(iv) (a) (c) 219,000,000 273,533,000221,000,000 283,035,000 7.1 7.1 20. (a) 363,819 29,626 (b) 114,546 20,952 478,365 50,578 (a) 906,179,683 20.86 20.86 20.86 # # 576,450,000 30% 177,000274,000 451,000274,000 116

2014 20. (b) (c) * ** 89,553 19,368 2,891,526 54,854 (1,028,648) (156) 1,952,431 74,066 (209,171) 1,743,260 74,066 20.86% 40.00% 363,819 29,626 (c) 114,546 20,952 478,365 50,578 100,452 (37,711) (4,819) (2,735) 67,053 29,342 (4,819) (2,735) 7,255 (1,791) 1,111 36,597 (6,610) (1,624) 4,701 (1,928) (1,094) 117

2014 20. (b) 8,000 * 20.86% 472,500,00020.86% 357,954,000114,546,000 ** 24,900,000180,450,000 166,000,000 (c) 14,670 (15,026) 356 21. 118

2014 22. (a) 138,601 153,691 138,601 (b) 47,221 138,601 200,912 138,601 (a) 50% 109,891,000 138,601,000 75%120,000,000 153,691,000 40(a)(iii) (b) 47,221,00019% 40(a)(ii) 23. 31(a)(v) 119

2014 24. 25. (a) 11,362 4,751 1,723 10,744 607 16 13,085 16,118 10,987 8,445 2,098 7,173 500 13,085 16,118 (b) 2,098,00015,885,000 31(a) 120

2014 26. 9,092 3,072 796 681 16 6,997 7,174 93,056 1,327 92 88 24,982 47,027 134,127 58,600 888 769 (80,806) (32,986) (888) (769) 53,321 25,614 31.04%40,800,000 51,469,000 4,080,000 5,147,00016,720,000 21,413,00020,000,000 24,982,000 121

2014 27. 332 691 10 1,023 10 2,116 41,841 2,116 41,841 205,227 268,965 42,092 42,110 249,435 352,916 2,116 41,841 (11,340) (322,521) (2,116) (41,841) 238,095 30,395 205,227,000246,279,000 28. 1,155,134 448,188 12,567 102,891 86,622 19,966 12,807 (a) 1,241,756 468,154 12,567 115,698 (b) (927,154) (199,633) 314,602 268,521 12,567 115,698 122

2014 28. (a) 976,956,000 374,237,0003,412,00077,149,000 (b) 927,154,000199,633,000 31(a)(v) 32 29. 24,347 102 623 454 557 47,691 73,115 659 30. 21,688 21,688 25,333 19,985 2,089 2,721 64,400 39,380 145,275 21,442 884 358 35(b) 425 257,121 80,807 24,661 3,079 123

2014 31. (a) 2,222,146 1,065,145 75,000 75,000 2,297.146 1,065,145 75,000 (b) 35,860 7,256 11,386 7,256 47,246 2,304,402 1,112,391 75,000 837,729 160,476 30,000 1,347,211 12,059 45,000 112,206 892,610 2,297,146 1,065,145 75,000 7,256 47,246 2,304,402 1,112,391 75,000 (844,985) (207,722) (30,000) 1,459,417 904,669 45,000 124

2014 31. (a) 121,763,000 6.8 7.86 (i) 63,248,0001,576,00014(b) ; (ii) 4,334,743,0002,382,102,00015(d) ; (iii) 18(b) ; (iv) 19(b) ; (v) 101,471,000 2,098,00015,885,000 25(b) 288,866,000199,633,00028(b) (b) 5.4 (i) 14(b) (ii) 15(d) (iii)16(b) (c) 1,210,554 152,040 129,018 47,246 964,830 913,105 2,304,402 1,112,391 (d) 895,162,000913,105,000 40% 125

2014 32. MJQ MJQ MJQ 35 888,000,000 35% 511,000,000 638,287,000 MJQ 511,000,00028(b) MJQ MJQMJQ 33. * * PAG* (a) (b) (c) 499,850,000 1,500,000 490,510,000 4% 0.65 0.65 0.74 * 126

2014 33. (a) (b) (BVI) BVI BVI (c) PAGPA Broad Opportunity VI Limited PAG 2.4 127

2014 33. PAG 46,150 1,500,000 1,546,150 37(b) (1,483,040) (1,483,040) (44,200) (16,960) (61,160) 1,950 1,950 628,196 628,196 37(b) (1,300) (1,300) (650) (650) 628,196 628,196 41,957 1,395,598 1,437,555 37(b) (1,400,000) (1,400,000) (40,594) (15,967) (56,561) 7 469 20,369 20,838 1,832 1,832 * 368,965 368,965 37(b) (1,232) (1,232) (611) (611) 7 11 31,596 31,607 (9,342) (9,342) 391,219 391,219 6,104 168,848 174,952 37(b) (166,940) (166,940) (5,846) (1,908) (7,754) 258 258 247,321 247,321 37(b) (172) (172) (86) (86) 247,321 247,321 * 368,965,000 4,768,000 7,142,000 128

2014 34. (a) (b) 207,090 40 514,243 2,238 15,766 (155,099) (3,352) (72,789) (33) 5,032 513,096 (a) 40 411,658,000 514,243,000 129

2014 34. (b) 82.24% 168,151,000 207,090,000 1. 47,700,000 125,265,000 2. 47,700,00010,000,000 615,000 58,315,000 3. 115,265,000 180,648,000 231,356,000 12,497,000 15,766,000 57,700,000 72,789,000122,948,000 155,099,000 130

2014 35. (a) 415 630 1,045 (b) 40 12,639 1,045 (403) 2,316 (83) 15,514 30 (425) 15,089 131

2014 35. (c) Towers Watson & Co. 4% % % 0.25 (562) 0.25 600 121,037,000 132

2014 36. 40,889 25,518 66,407 40 230,589 230,589 11 1,635 48,440 50,075 1,615 1,795 3,410 44,139 306,342 350,481 40 188,163 174,007 362,170 11 (2,989) 89,645 86,656 (1,783) (8,312) (10,095) 227,530 561,682 789,212 (a) 166,420,00099,705,000 152,290,00052,987,000 (b) 10% 10% 6,507,000 15,354,000 (c) 133

2014 37. 10,000,000,000 0.10 1,000,000 1,000,000 6,750,587,849 6,243,121,654 0.10 675,059 624,312 3,837,788,500 383,779 383,779 (a) 300,000 30 131 161 (b) 2,281,600,407 228,160 1,338,780 1,566,940 (c) 123,432,747 12,343 61,110 73,453 6,243,121,654 624,312 1,400,021 2,024,333 (a) 18,300,000 1,830 10,641 12,471 (b) 2,000,000 200 1,204 1,404 (d), (e) 487,166,195 48,717 283,007 331,724 6,750,587,849 675,059 1,694,873 2,369,932 134

2014 37. (a) 8,300,000 4,000,000 6,000,000 300,0000.410.574 0.4650.41 8,489,000123,000 1,830,00030,0006,659,00093,000 3,982,00038,000 (b) 0.651,300,000 2,000,000200,000 1,404,000 1,204,000 0.65 1,483,040,0002,281,600,407228,160,000 1,566,940,000 1,338,780,000 (c) 123,432,747 73,453,00012,343,00061,110,000 40(b) (d) 433,199,610 284,876,000 (e) 53,966,585 46,848,000 38 135

2014 38. 1 30%12 1% (i) (ii)(iii) 136

2014 38. 0.469 682,613 0.432 502,913 (a) 0.907 230,000 0.574 180,000 37(a) 0.464 (18,300) 0.410 (300) (d), (e) 0.582 894,313 0.469 682,613 (a) 0.23810.43810.1599 0.2616 0.74 0.92 0.53 0.75 0.94 0.57 10 10 10 51.073% 39.393% 46.470% 0% 0% 0% 1.869% 2.256% 1.242% 66,848,00036,821,000 137

2014 38. (b) * ** 194,000 200,000 0.465 294,313 302,613 0.410 176,000 180,000 0.574 190,000 0.940 40,000 0.750 894,313 682,613 * ** (c) 894,313,000 894,313,00089,431,000 431,071,000 39. (a) (i) (ii) 2.4 (iii) 138

2014 39. (b) 37 33 423,880 78,535 174,952 66,551 83,038 826,956 (57,325) (57,325) 80,230 80,230 80,230 (57,325) 22,905 37(a) 131 (38) 93 37(b) 1,338,780 (166,940) 1,171,840 37(c) 61,110 61,110 38(b) 36,821 36,821 33 (7,754) 7,754 1,400,021 423,880 115,318 258 146,781 33,467 2,119,725 (101,255) (101,255) (53,909) (53,909) (53,909) (101,255) (155,164) 37(a) 10,641 (3,982) 6,659 37(b) 1,204 (172) 1,032 37(d), (e) 283,007 283,007 38(b) 66,848 66,848 (86) 86 33 247,321 247,321 1,694,873 423,880 178,184 247,321 92,872 (67,702) 2,569,428 139

2014 40. (a) (a)(i) (a)(ii) (a)(iii) 14 161 168,031 714,110 882,302 15 80,229 1,602,965 1,683,194 23 101,451 101,451 1,220 1,220 7,731 1,974 9,705 10,188 13,081 1,521 24,790 48,606 48,606 13,344 13,344 63,403 23,951 120,778 208,132 (70,911) (7,232) (78,143) (13,446) (402,064) (17,374) (432,884) (3,123) (3,123) (19) (77) (96) (237,004) (237,004) 34 (514,243) (514,243) 35(b) (12,639) (12,639) 36 (193,380) (168,790) (362,170) 140,535 558,416 633,491 1,332,442 (c) (56,214) (5,584) (158,373) (220,171) 84,321 552,832 475,118 1,112,271 17 18,738 44,031 62,769 (d) (58,876) (58,876) 103,059 493,956 519,149 1,116,164 103,059 47,221 519,149 669,429 446,735 446,735 103,059 493,956 519,149 1,116,164 23,495 43,925 67,420 7,090 6,978 3,604 17,672 (103,059) (47,221) (519,149) (669,429) 63,403 37,295 120,778 221,476 22 47,221 153,691 200,912 (39,656) 37,295 (244,680) (247,041) (785) (957) (1,742) (39,656) 36,510 (245,637) (248,783) 140

2014 40. (b) (b)(i) (b)(ii) (b)(iii) (b)(iv) 14 205 205 15 225,404 117,825 2,177,198 2,520,427 19 480,899 480,899 22 47,221 47,221 12 18,003 18,015 369 727 14,736 15,832 186,439 186,439 6,823 582 28 7,433 (4,316) (4,316) (6,903) (887) (36,475) (9,253) (53,518) (105,648) (105,648) (766,471) (162,040) (928,511) (4,297) (4,297) (27,812) (27,812) 36 (39,453) (5,739) (185,397) (230,589) 186,457 84,114 1,400,002 251,207 1,921,780 (c) (55,937) (6,282) (62,219) 130,520 77,832 1,400,002 251,207 1,859,561 (d) (3,624) (8,370) (246,885) (197,862) (456,741) 126,896 69,462 1,153,117 53,345 1,402,820 126,896 60,353 1,142,117 1,329,366 37(c) 9,109 11,000 53,345 73,454 126,896 69,462 1,153,117 53,345 1,402,820 141

2014 40. (b) (a)(i) (a)(ii) (a)(iii) (a)(iv) 6,510 19,878 26,388 3,170 (1,227) 9,778 11,721 (126,896) (60,353) (1,142,117) (1,329,366) 6,823 187,021 28 193,872 (120,073) (60,353) (955,096) 28 (1,135,494) (331) (1,837) (1,815) (3,983) (120,404) (60,353) (956,933) (1,787) (1,139,477) (a) (i) 82,500,000 103,059,00060% (ii) 19% 99% (iii) 75%415,620,300 526,232,000 142

2014 40. (b) (i) 100% 36.07%101,500,000 126,896,000 33.93% (ii) 70% 23,100,000 56,056,000 48,056,000 60,353,0008,000,000 15,981,2899,109,000 100% (iii) 100% 147,855,0001,153,117,000 1,142,117,000 1,573,00012,200,000 20,000,00011,000,000 100% (iv) 99.9%44,880,000 50,372,00087,451,458 53,345,000 80% Noble Enterprises Limited Noble Noble Noble 154,800,000 69.9%Noble Noble43,120,000 NobleNobleNoble 43,120,000 43,120,000 (c) 143

2014 40. (d) (e) 9,705,000 18,015,00024,790,000 13,818,000 (f) 163,263,000143,938,000 3,148,0001,030,465,000 41. 6 37(b) (d) (e) 42. 2,466,549 1,223,700 216,000 216,000 216,000 2,466,549 1,439,700 42,000 42,000 216,000 2,466,549 1,439,700 2,222,148,000 1,077,080,000186,922,000 144

2014 43. (a) 15 211,528 94,618 379,216 83,427 152,198 252 742,942 178,297 (b) 495 643 2,458 2,520 2,953 3,163 145

2014 44. 43(b) 72,167 137,260 484,260 97,068 1,423,974 1,460,004 228,786 14,178 1,790,020 2,055,510 1,790,020 2,127,677 35,890,00028,429,000 146

2014 45. (a) (i) # 3,445 3,391 # 822 343 # 452 192 (ii) 18,751 19,851 # (iii) 1,814 1,818 # (iv) 474 158 (v) 1,934 277 # A 147

2014 45. (a) (i) (ii) (iii) (iv) (v) 18 19 27 33 (b) (c) 9,413 10,754 16,330 23,305 553 506 26,296 34,565 9 148

2014 46. 21 47. 47,934 25,614 47,934 24,749 238,095 30,395 229,259 29,369 1,459,417 904,669 1,498,092 904,669 1,697,512 935,064 1,727,351 934,038 149

2014 48. (a)(b)(c)(d) (a) 2,175,383,0001,065,145,000 100 13,350,000 100 (b) 150

2014 48. (b) (c) 90% 25 (d) 151

2014 48. (d) 65,468 7,647 73,115 25,476 166,820 192,296 4,163 4,163 10,715 625 205,852 625 1,249 219,066 851,318 1,437,787 19,967 116,315 2,425,387 7,256 7,256 52,609 58,495 65,058 572,396 748,558 42,000 42,000 155,078 1,079,019 1,702,134 85,650 689,960 3,711,841 659 659 41,427 41,427 48,291 48,291 316,761 5,760 322,521 154,894 8,682 12,833 980,932 1,157,341 2,572 47,245 49,817 1,950 1,950 30,395 30,395 186,922 186,922 711,390 103,773 43,228 980,932 1,839,323 152

2014 48. (d) 2,116 2,116 299 299 24,661 24,661 30,868 46,903 77,771 52,609 58,495 65,058 572,396 748,558 2,222,148 2,222,148 2,224,563 108,138 105,398 65,058 572,396 3,075,553 1,077,080,000186,922,00040 153

2014 48. 3,539,135 1,144,618 9,555,333 5,448,227 37% 21% 49. (a) 20.86% 408,000,000 (b) 342,000,000 50. 51. 154

2014 89 1 59 60 90 119 120 159 160 199 200 239 240 1 2 100% 19 70% 1 82.24% 63 * 98.9% F 70% 60% 2012-3 100% 2014-1 100% * 6 23 155

2014 202,983 35,848 11,007 1,540,538 298,209 776,031 (113,395) 510,259 (116,966) (107,199) (53,228) (632) (250,785) 191,010 722,803 (114,027) 259,474 (116,966) 5,674 (1,384) (37,416) 191,010 722,803 (108,353) 258,090 (154,382) 166,876 700,962 (97,769) 114,594 (152,753) 24,134 21,841 (10,584) 143,496 (1,629) 191,010 722,803 (108,353) 258,090 (154,382) 9,555,333 5,448,227 3,092,269 4,212,155 4,134,256 (5,243,365) (1,950,795) (1,950,857) (2,786,838) (3,199,754) 4,311,968 3,497,432 1,141,412 1,425,317 934,502 4,161,837 3,430,199 1,156,867 1,226,589 882,869 150,131 67,233 ( 15,455) 198,728 51,633 4,311,968 3,497,432 1,141,412 1,425,317 934,502 156