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年報僅供識別 2014

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FCIS FCS www.spt.cn 15 33 1 3 100012 2

Floor 4, Willow House Cricket Square P.O. Box 2804 Grand Cayman KY1-1112 Cayman Islands Appleby Trust (Cayman) Ltd. Clifton House, 75 Fort Street P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands 183 17 1712-1716 1251 3

2,186,958 2,402,767 1,821,661 1,321,260 1,050,432 (17,960) 12,608 (11,435) (7,760) 4,206 (1,964,813) (2,001,247) (1,448,157) (1,037,851) (873,705) 204,185 414,128 362,069 275,649 180,933 (43,820) (24,638) (22,797) (13,999) (5,350) 160,365 389,490 339,272 261,650 175,583 114,267 308,397 254,938 186,583 119,443 116,176 300,377 247,703 181,806 119,509 (1,909) 8,020 7,235 4,777 (66) 76,520 61,000 13,350 2,500 2,000 1,822 2,403 2,187 350 300 250 255 308 1,500 1,321 200 187 1,000 1,050 150 120 121 100 500 50 0 0 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 4

: 1,036,895 : 953,778 : 987,983 : 71,170 2013 : 649,730 : 799,259 2013 : 288,890 : 17,829 : 938,343 : 911,408 : 84,117 : 238,712 2014 : 817,264 : 565,802 : 803,892 2014 : 14,378 832,278 544,272 388,849 284,416 236,175 2,750,919 2,507,924 2,106,196 1,184,351 929,510 3,583,197 3,052,196 2,495,045 1,468,767 1,165,685 1,922,054 1,831,194 1,628,174 903,789 601,950 84,521 106,861 151,394 16,700 434 1,576,622 1,114,141 715,477 548,278 563,301 1,661,143 1,221,002 866,871 564,978 563,735 3,583,197 3,052,196 2,495,045 1,468,767 1,165,685 1,174,297 1,393,783 1,390,719 636,073 366,209 2,006,575 1,938,055 1,779,568 920,489 602,384 5

2,187.0 116.2 WTI 6

2.1 0.7% 21,32910.7% 5.513 20 3 20 7

2,187.0 2,402.8 215.89.0% 18.0 12.6 21.5 19.8 7.1 (5.4) 21.5 564.5 539.8 24.7 4.6% 617.1 544.3 72.813.4% 134.3 172.8 38.522.3% 9

76.0 77.8 1.8 2.3% 82.7 70.7 12.0 17.0% 261.2 322.5 61.3 19.0% 6.125.8 31.9123.5% 235.1 247.6 12.5 5.0% 414.1204.2 209.950.7% 43.8 24.6 19.2 77.9% 10

46.1 81.1 35.0 28.7% 20.8% 308.4 114.3 194.162.9% 116.2 300.4 184.2 603.6 372.7 230.962.0% 550.1 484.9 65.213.4% 1,396.1 1,255.8140.311.2% 849.1 683.7165.424.2% 11

603.3 660.8 57.58.7% 459.7 58.7 190.0 84.8 27.0% 15.0%80.0% 1,774.3 1,784.1 9.80.5% 90.8344.2135.8% 253.4 206.1 265.6 12

1,534,408,999 1,530,391,333 1,774.3 1,784.1 9.70.5% 1,444 2,643 9,761 16,712 216,600 22,000 14,000 10 13

94,526 (32,370) 62,156 65,249 12,096 (2,744) (2,145) 72,456 72,456 13,754 (2,754) 209 83,665 14

1.0 413.9 2,187.02,402.8 215.8 9.0%114.3308.4 194.162.9% 1. 2. 3. 15

938.342.9% 9.5% 1. 2. 6 3. 4. GE 5. 7 1 1,248.657.1% 8.6% 1. MIMIE Tarbagatay Munay Limited Liability Partnership TBM Sozak Oil and Gas Company 16

2. 35 40 850 3. 803,892 799,259 0.6% 565,802 649,730 (12.9%) 817,264 953,778 (14.3%) 2,186,958 2,402,767 (9.0%) 17

(%) 332,797 298,652 11.4 471,095 500,607 (5.9) 803,892 799,259 0.6 803,892,172 0.6%332,797,015 11.4% 471,095,157 5.9% 1. 8 TBM 2. GE GE 3. 83.7MPa 18

(%) 192,177 191,657 0.3 373,625 458,073 (18.4) 565,802 649,730 (12.9) 565,802,003 12.9% 192,177,132 0.3% 373,624,871 18.4% 20 1. 35 38 40 2. 2014 19

(%) 413,369 546,586 (24.4) 403,895 407,192 (0.8) 817,264 953,778 (14.3) 817,264,253 14.3% 413,369,335 24.4% 403,894,918 0.8% (FMPD) 1. 2. 3. 6 20

4. 7 1 30 1. 2. 130 3. 21

4. 5. PPSENECAL LWD 12 LWD API Q1 API 11D1, API 14A LWD 22

4,084 1,457 20 100 6320 3,000 1. 2. 3. 23

52 30 43 23 67 41 24

65 42 20 40 1146 51 29 000876 25

41 17 61 2319 32 AABS AABS 44 20 (PCLL) 26

57 29 Microstep, Inc. Microstep, Inc. 40 17 BI 49 29 Shell Canada Ltd. 27

50 30 QHSE 40 17 41 18 41 20 28

5 57 0.064 4 5 372.4 29

51.17% 37.63% 87.02% 94.42% 5% 6 14 17 60 972.7 951.0 17 30

108 24 28 3.13 31

22 13.51(2)(a) (e) (g) 32

XV (i) XV7 8 (ii) 352 (iii) 1 648,484,000 (L) 42.27% 3 1,090,000 (L) 0.07% 2 648,484,000 (L) 42.27% 3 1,090,000 (L) 0.07% 3 2,000,000 (L) 0.13% 3 2,390,000 (L) 0.16% 3 4 2,000,000 (L) 0.13% 3 2,000,000 (L) 0.13% 3 1,090,000 (L) 0.07% 3 1,000,000 (L) 0.07% 1. Truepath Trust Red Velvet Holdings LimitedTruepath Limited 489,512,000 2. (i)widescope Trust Elegant Eagle Investments LimitedWidescope Holdings Limited 137,372,000 (ii)true Harmony Trust Best Harvest Far EastTrue Harmony Limited 21,600,000(iii) 3. 4. 633,333 5. L 33

XV352 18 18 336 XV2 3 Widescope Holdings Limited 137,372,000 (L) 8.95% Elegant Eagle Investments Limited 1 158,972,000 (L) 10.36% True Harmony Limited 21,600,000 (L) 1.41% Best Harvest Far East Limited 2 21,600,000 (L) 1.41% Truepath Limited 489,512,000 (L) 31.90% Red Velvet Holdings Limited 3 489,512,000 (L) 31.90% Credit Suisse Trust Limited 4 763,182,442 (L) 49.74% Greenwoods Asset Management Limited 5 92,876,000 (L) 6.05% Greenwoods Assets Management 92,876,000 (L) 6.05% Holdings Limited 5 5 92,876,000 (L) 6.05% Unique Element Corp. (note 5) 92,876,000 (L) 6.05% Central Huijin Investment Ltd. 6 91,568,272 (L) 5.97% 6 91,568,272 (L) 5.97% 6 91,568,272 (L) 5.97% China Everbright Limited 6 91,568,272 (L) 5.97% 34

China Special Opportunities Fund III, L.P. 6 91,568,272 (L) 5.97% CSOF III GP Limited 6 91,568,272 (L) 5.97% Forebright Partners Limited 6 91,568,272 (L) 5.97% UBS AG 7 12,734,271 (L) 0.83% 3,940,000 (S) 0.26% 60,222,000 (L) 3.92% 6,229,720 (L) 0.41% 6,137,720 (S) 0.40% UBS Group AG 7 60,222,000 (L) 3.92% 18,963,991 (L) 1.24% 10,077,720 (S) 0.66% 1. Widescope Holdings Limited Best Harvest Far East Limited Elegant Eagle Investments Limited Elegant Eagle Investments Limited137,372,00021,600,000 2. True Harmony Limited Best Harvest Far East LimitedBest Harvest Far East Limited 21,600,000 3. Truepath Limited Red Velvet Holdings LimitedRed Velvet Holdings Limited 489,512,000 4. Credit Suisse Trust Limited Widescope Trust Truepath Trust Jumbo Wind Trust Windsorland Trust Elegant Eagle Investments Limited Red Velvet Holdings Limited Starshine Investments Limited Credit Suisse Trust LimitedTrue Harmony Limited Widescope Holdings Limited Truepath Limited Jumbo Wind Limited 5. 92,876,000 6. Central Huijin Investment Ltd. China Everbright Limited China Special Opportunities Fund III, L.P. CSOF III GP Limited Forebright Partners Limited 73,125,000 Everbright Inno Investments LimitedChina Everbright Limited CSOF Inno Investments LimitedChina Special Opportunities Fund III, LP. CSOF III GP Limited Forebright Partners Limited 15,000,000 7. UBS AG UBS Group AG96.64%UBS Group AG79,185,991 10,077,720 8. L S XV2 3 336 35

22 3 Truepath Limited Red Velvet Holdings LimitedTrue Harmony Limited Best Harvest Far East Limited Widescope Holdings limited Elegant Eagle Investments Limited (i) (ii) 36

1. 2. 3. 10%133,500,000 4. 12 1% 5. 6. 37

7. 8 1.00 8. (i) (ii) (iii) 9. 10% 30% 38

1,090,000 3 1,090,000 3 1,300,000 1 1,090,000 3 1,090,000 3 1,000,000 1 1,000,000 3 1,000,000 1 1,000,000 3 1,000,000 3 666,667 1 1,000,000 3 59,090,000 3 16,706,667 2 2,200,000 1 1,090,000 13/06/2013 12/06/2023 4.694 1,090,000 13/06/2013 12/06/2023 4.694 1,300,000 29/03/2012 28/03/2022 1.360 1,090,000 13/06/2013 12/06/2023 4.694 1,090,000 13/06/2013 12/06/2023 4.694 1,000,000 29/03/2012 28/03/2022 1.360 1,000,000 13/06/2013 12/06/2023 4.694 1,000,000 29/03/2012 28/03/2022 1.360 1,000,000 13/06/2013 12/06/2023 4.694 1,000,000 13/06/2013 12/06/2023 4.694 333,333 333,334 29/03/2012 28/03/2022 1.360 1,000,000 13/06/2013 12/06/2023 4.694 3,420,000 55,670,000 13/06/2013 12/06/2023 4.694 3,484,333 1,160,666 12,061,668 20/02/2012 19/02/2022 1.292 200,000 2,000,000 29/03/2012 28/03/2022 1.360 90,323,334 4,017,666 4,580,666 81,725,002 39

1. 1.331/3 1/3 1/3 2. 1.271/3 1/31/3 3. 4.571/3 1/31/3 2.7 4251 40

25% 41

A.2.1 42

3.10(1) 3.10(2) 3.10A 43

A.2.1 108 112 108 44

14 3 6/6 1/1 6/6 1/1 6/6 1/1 6/6 1/1 6/6 1/1 6/6 1/1 6/6 1/1 6/6 1/1 6/6 1/1 45

(a) (b) (c) (d) (e) (f) 46

2/2 2/2 2/2 47

2/2 2/2 2/2 24 28 400,000-1,000,000 4 1,000,001-1,500,000 1 1,500,001-2,000,000 2 48

3/3 3/3 3/3 49

4.6 KCS HongKong Limited 3.29 15 50

(www.spt.cn) IR@spt.cn 51

54 120 )) 52

6 603,593 372,721 7 22,724 23,206 32 781 781 8 65,453 34,860 20 89,143 70,877 1,680 12 50,584 40,147 832,278 544,272 10 550,054 484,947 11 1,396,110 1,255,807 12 201,414 106,376 13 8,313 24,840 13 595,028 635,954 2,750,919 2,507,924 3,583,197 3,052,196 14 974 972 15 27 76,520 591,251 586,706 16 282,351 242,483 (196,955) (109,577) 27 1,096,695 986,956 1,774,316 1,784,060 147,738 47,134 1,922,054 1,831,194 54

17 58,730 84,772 20 25,791 22,089 84,521 106,861 17 373,585 142,000 18 849,080 683,680 19 216,417 185,097 51,400 55,351 17 86,140 48,013 1,576,622 1,114,141 1,661,143 1,221,002 3,583,197 3,052,196 1,174,297 1,393,783 2,006,575 1,938,055 62 120 54 61 55

9 1,117,570 925,269 224 13 46,442 133,283 1,164,236 1,058,552 14 974 972 15 27 76,520 591,251 586,706 16 381,455 348,024 (20,094) (22,994) (27,417) (4,839) 926,169 984,389 17 72,456 17 152,975 1,427 1,707 17 83,665 238,067 74,163 1,164,236 1,058,552 (191,401) 131,576 926,169 1,056,845 62 120 54 61 56

5 2,186,958 2,402,767 21 (17,960) 12,608 (564,521) (539,764) 22 (617,065) (544,254) (134,252) (172,818) (75,958) (77,809) (82,744) (70,706) (261,246) (322,500) 6,064 (25,844) (235,091) (247,552) (1,964,813) (2,001,247) 23 204,185 414,128 24 2,833 7,384 24 (46,653) (32,022) (43,820) (24,638) 160,365 389,490 25 (46,098) (81,093) 114,267 308,397 116,176 300,377 (1,909) 8,020 114,267 308,397 27 76,520 28 0.076 0.197 28 0.075 0.194 62 120 57

114,267 308,397 2,898 (21,776) (90,134) (50,553) 27,031 236,068 28,798 227,854 (1,767) 8,214 27,031 236,068 62 120 58

968 715,963 211,889 (37,054) 689,881 1,581,647 46,527 1,628,174 300,377 300,377 8,020 308,397 (72,523) (72,523) 194 (72,329) (72,523) 300,377 227,854 8,214 236,068 14 15 4 8,421 (2,805) 5,620 5,620 15 27 (61,158) (61,158) (61,158) 22 34,074 34,074 34,074 16 3,302 (3,302) 32 (3,977) (3,977) (7,607) (11,584) 4 (52,737) 30,594 (3,302) (25,441) (7,607) (33,048) 972 663,226 242,483 (109,577) 986,956 1,784,060 47,134 1,831,194 59

972 663,226 242,483 (109,577) 986,956 1,784,060 47,134 1,831,194 116,176 116,176 (1,909) 114,267 (87,378) (87,378) 142 (87,236) (87,378) 116,176 28,798 (1,767) 27,031 14 15 2 5,930 (1,792) 4,140 4,140 15 27 (77,905) (77,905) (77,905) 22 35,223 35,223 35,223 16 6,437 (6,437) 102,371 102,371 2 (71,975) 39,868 (6,437) (38,542) 102,371 63,829 974 591,251 282,351 (196,955) 1,096,695 1,774,316 147,738 1,922,054 62 120 60

29 9,777 334,551 (35,956) (18,927) 2,833 7,384 (67,417) (69,606) (90,763) 253,402 (172,795) (134,104) 29 4,089 8,977 (1,680) 1,680 (39,101) (28,080) (206,127) (154,887) 425,763 182,250 (188,757) (231,264) (77,905) (61,158) 4,140 5,620 32 (11,584) 102,371 265,612 (116,136) (31,278) (17,621) 635,954 658,713 (9,648) (5,138) 595,028 635,954 62 120 61

1. Floor 4, Willow House, Cricket Square, P.O. Box 2804, Grand Cayman KY1-1112, Cayman Islands 2. 2.1.1 32 4 62

2. 2.1.2 (a) 32 36 10 12 27 (b) (1) 16 (2) 38 15 (3) 9 (4) (1) (2) (3) (4) 63

2. 2.1.2 (c) 622 622 358 9 9 2.2 2.2.1 (a) 64

2. 2.2 2.2.1 (a) 39 (b) (c) 65

2. 2.2 2.2.2 2.3 2.4 (a) (b) 66

2. 2.4 (c) 2.5 67

2. 2.5 10 20 5 10 5 7 3 10 2.9 2.6 2.9 2.7 68

2. 2.8 (a) 3 5 (b) 69

2. 2.9 2.10 (a) 12 70

2. 2.10 (b) (i) 71

2. 2.10 (b) (ii) 2.11 72

2. 2.12 2.10 2.13 2.14 2.15 2.16 73

2. 2.17 2.18 74

2. 2.19 (a) (b) 75

2. 2.20 (a) (b) (c) (d) 76

2. 2.20 (d) 2.21 (a) 77

2. 2.21 (b) (c) (d) (e) 2.22 2.23 78

2. 2.24 3. 3.1 (a) (i) 79

3. 3.1 (a) (i) 5% (8,072) (10,656) 5% 8,072 10,656 5% (1,675) (3,857) 5% 1,675 3,857 5% 800 544 5% (800) (544) 5% 5,285 3,472 5% (5,285) (3,472) 5% (3,545) (2,969) 5% 3,545 2,969 (ii) 80

3. 3.1 (b) 71.3% 83.4% 366,758 295,327 102,273 202,755 469,031 498,082 62,695 88,268 2,845 3,521 31,408 38,143 30,532 27,060 6,294 4,743 536 977 603,341 660,794 81

3. 3.1 (c) 473,920 55,776 2,112 4,818 849,080 44,402 154,677 122,602 3,913 6,153 683,680 21,376 239,636 1,427 2,744 74,285 1,707 82

3. 3.2 50% 518,455 274,785 1,922,054 1,831,194 27.0% 15.0% 3.3 83

4. (a) (b) (c) 84

5. (a) 817,264 953,778 565,802 649,730 803,892 799,259 2,186,958 2,402,767 EBITDA 1,558,813,000 2,004,124,000 85

5. (b) 817,264 565,802 803,892 2,186,958 EBITDA 154,575 107,110 210,201 471,886 1,132,380 831,098 765,337 2,728,815 63,344 122,390 55,093 240,827 953,778 649,730 799,259 2,402,767 EBITDA 247,346 166,357 244,901 658,604 985,114 543,346 607,247 2,135,707 28,465 20,095 6,934 55,494 86

5. (b) EBITDA EBITDA 471,886 658,604 (35,223) (34,074) (17,960) 12,608 (131,774) (152,304) (184,957) (173,770) 286,929 484,834 (82,744) (70,706) (46,653) (32,022) 2,833 7,384 160,365 389,490 2,728,815 2,135,707 89,143 70,877 35,017 66,573 126,881 116,565 8,313 24,840 1,680 595,028 635,954 854,382 916,489 3,583,197 3,052,196 87

5. (c) 938,343 1,036,895 911,408 987,983 84,117 71,170 238,712 288,890 14,378 17,829 2,186,958 2,402,767 451,147 255,051 199,938 123,523 23,771 13,027 42,133 55,126 26,146 24,988 743,135 471,715 88

6. 49,635 164,157 20,173 33,807 9,725 277,497 4,261 159,759 9,169 10,732 8,333 192,254 (6,507) (43,844) (7,224) (10,373) (67,948) (907) (7,106) (598) (8,611) 5,441 (5,441) (1,045) (17,498) (577) (1,351) (20,471) 50,878 255,468 20,943 32,815 12,617 372,721 73,279 407,784 59,701 82,284 12,617 635,665 (22,401) (152,316) (38,758) (49,469) (262,944) 50,878 255,468 20,943 32,815 12,617 372,721 50,878 255,468 20,943 32,815 12,617 372,721 5,058 114,676 22,490 24,991 164,201 331,416 (6,459) (44,762) (10,852) (12,485) (74,558) (7) (3,465) (178) (396) (4,046) 6,551 1,328 (7,879) (3,561) (13,342) (1,465) (3,572) (21,940) 52,460 308,575 30,938 42,681 168,939 603,593 79,247 502,046 77,001 101,486 168,939 928,719 (26,787) (193,471) (46,063) (58,805) (325,126) 52,460 308,575 30,938 42,681 168,939 603,593 74,558,000 67,948,000 1,444,000 2,643,00017 89

7. 50 23,689 (483) 23,206 24,131 (925) 23,206 23,206 (482) 22,724 24,131 (1,407) 22,724 14,000,000 17 48 90

8. 8,902 153 9,055 27,710 370 28,080 (1,953) (322) (2,275) 34,659 201 34,860 36,612 2,426 39,038 (1,953) (2,225) (4,178) 34,659 201 34,860 34,659 201 34,860 37,782 515 38,297 (7,601) (103) (7,704) 64,840 613 65,453 74,394 2,941 77,335 (9,554) (2,328) (11,882) 64,840 613 65,453 91

9. (a) 141,660 106,437 (b) 975,910 818,832 1,117,570 925,269 (a) 10,000,000 95% 10,000,000 95% 15,600,000 90.3% 1,000,000 100% 226,411,812 99.67% 43,220,000 95% 10,000,000 95% 10,000,000 70% 36,000,000 95% 92

9. (a) M-Tech service Limited Liability Partnership 87,200 100% CNEC Limited Liability Partnership 150,000 100% FD Services Limited Liability Partnership 110,000 100% OS Services (Kazakhstan) Limited Liability Partnership 151,800 100% Dowell LLP 500,000 70% MGD Services LLP 151,800 100% HY Oil Technology Service LLP 151,800 100% NE TKM Hyzmat Limited 142,500 100% DFW Oil Mechanical Services LLC 10,000 100% Pioneer Petrotech Services Inc. 15 100% Enecal Canada Corporation 86 100% SPT Energy (Hong Kong) Ltd. 1,000,000 100% SPT Oil Field Service Inc. Limited 100,000 100% PT. Enecal Indonesia 1,000,000 100% 93

9. (a) *Enecal PTE. Limited 3,550,000 * 63.2% AWP Precision Engineering Pte. Ltd. 360,000 100% 10,000,000 4,000,000 100% 100% Xinjiang HDTD Oilfield Services Co., Ltd. 208,920,510 51% * 3,200,000 16,302,0003,200,000 16,302,000Enecal Pte. Limited 10,000,000,000(i) (ii)enecal Pte. Limited (b) 10. 450,326 447,065 117,548 63,727 9,590 1,972 577,464 512,764 (27,410) (27,817) 550,054 484,947 94

10. 564,521,000 539,764,000 407,000 4,717,000 11. (a) 1,426,347 1,292,003 (33,986) (36,196) 1,392,361 1,255,807 3,749 1,396,110 1,255,807 (a) (b) 8,292,000 8,094,000 (d) (e) (c) 6 1,061,059 1,185,920 6 1 55,774 24,224 1 2 294,487 76,509 2 3 16,074 5,264 3 2,702 86 1,430,096 1,292,003 (33,986) (36,196) 1,396,110 1,255,807 95

11. (d) 329,069,000 66,358,000 6 1 54,099 20,695 1 2 269,354 45,617 2 3 5,616 46 329,069 66,358 (e) 33,986,000 36,196,000 (36,196) (13,170) 2,210 (23,026) (33,986) (36,196) (f) 710,337 702,605 545,282 436,306 133,460 109,328 854 4,060 222 5,955 3,508 1,396,110 1,255,807 (g) 216,600,000 22,000,000 17 96

12. 120,057 36,876 36,238 20,731 156,295 57,607 51,821 59,325 (6,702) (10,556) 45,119 48,769 201,414 106,376 34,411 23,435 16,173 16,712 50,584 40,147 251,998 146,523 (a) 97

12. (b) 172,933 65,084 42,477 17,832 4,244 674 17,216 28,431 6,826 29,149 8,302 5,353 251,998 146,523 (c) (d) (10,556) (7,738) 3,854 (2,818) (6,702) (10,556) (e) 9,761,000 16,712,000 17 98

13. (a) 8,313 24,840 2,340 999 592,688 634,955 595,028 635,954 603,341 660,794 (a) 8,303,000 24,840,00010,000 17 (b) 212,931 385,328 295,510 180,672 75,575 83,778 8,833 4,080 929 2,760 7,339 2,803 2,224 1,373 603,341 660,794 99

13. 20 83,981 46,325 47,286 97 2,016 46,442 133,283 14. 0.0001 2,000,000 1,295 1,525,000 968 5,391 4 1,530,391 972 1,530,391 972 4,018 2 1,534,409 974 100

15. 663,226 715,963 5,930 8,421 27 (77,905) (61,158) 591,251 663,226 16. (a) (148,895) (148,895) 17 32,370 32,370 (b) 136,186 102,755 (c) 53,768 47,331 (d) 208,922 208,922 282,351 242,483 17 32,370 32,370 (b) 136,186 102,755 (d) 212,899 212,899 381,455 348,024 101

16. (a) (b) 8626,500,000 1.29226,500,0000.0001 417,300,0001.36 7,300,0000.0001 67,450,0004.69467,450,0000.0001 4.24 89,003 1.31 30,050 4.69 67,450 3.80 (6,604) 1.31 (3,106) 1.31 (4,018) 1.31 (5,391) 4.41 78,381 4.24 89,003 102

16. (b) 4,271 1.29 2,800 1.29 3,200 1.36 1,230 1.36 20,823 4.69 28,294 3.70 4,030 1.31 35,223,000 34,074,0002290,469,000 4.57 4.69 3.00% 10.0 1.637% 53.01% (c) 10%50% 25% 10% 44,029 3,302 47,331 6,437 53,768 (d) 1212,899,000 2,384,000 11,584,000 40% 7,607,000 3,977,000 103

17. (a)(i)(iv) 58,730 12,316 (b) 72,456 58,730 84,772 (a)(iii)(iv) 220,610 22,000 (a)(iii) 152,975 120,000 373,585 142,000 (a)(i)(iv) 2,475 2,552 (a)(ii) 45,461 (b) 83,665 86,140 48,013 518,455 274,785 (b) 72,456 (a)(iii) 152,975 (b) 83,665 104

17. (a) (i) 7,846,000 9,259,0007,227,000 8,621,000 619,000 638,000 3 2.75% 3.71%) 3,359,000 5,609,0001,503,000 3,695,000 1,856,000 1,914,000 2.67%2.99% 50,000,000 10.00% (ii) (iii) 45,461,000 5.00% 220,610,000 22,000,0006.60%6.60% 152,975,000 120,000,0003.80% 6.90%6.00% 6.90% (iv) 1,444 2,643 9,761 16,712 50,000 61,205 19,355 166,600 22,000 14,000 10 40,000 220,610 22,000 105

17. (a) (v) 2 13 1 376,060 144,552 1 2 52,022 48,012 2 5 1,955 3,695 5 4,753 6,070 434,790 202,329 (vi) (vii) 220,610 142,000 152,975 45,461 11,205 14,868 50,000 434,790 202,329 (b) 15,000,0003% 51.65 106

17. (b) 94,526 16 (32,370) 62,156 65,249 24 12,096 (2,744) (2,145) 72,456 72,456 24 13,754 (2,754) 209 83,665 18. 6 626,218 578,018 6 1 147,180 52,566 1 2 44,234 33,472 2 3 18,012 1,234 3 13,436 18,390 849,080 683,680 107

19. 1,726 1,598 16,330 26,346 19,778 44,402 21,376 20,239 1,470 48,839 57,446 102,937 104,805 172,015 163,721 216,417 185,097 20. 12 27,043 29,855 12 62,100 41,022 89,143 70,877 12 (23,304) (21,877) 12 (2,487) (212) (25,791) (22,089) 63,352 48,788 108

20. 48,788 36,567 25 17,369 12,730 (2,805) (509) 63,352 48,788 * 7,617 9,892 31,073 8,651 57,233 1,602 6,260 5,771 520 14,153 (509) (509) 9,219 16,152 36,335 9,171 70,877 17,439 (1,677) 4,727 (279) 20,768 (2,502) (2,502) 26,658 14,475 38,560 9,450 89,143 * 109

20. * 979 18,642 984 61 20,666 1,620 (203) 6 1,423 2,599 18,642 781 67 22,089 3,604 (203) (2) 3,399 303 303 6,506 18,642 578 65 25,791 * (a) 17,502,000 14,901,00080,697,000 69,199,000 (b) 50,297,000 36,384,0001,499,635,000 761,755,000 110

21. (22,210) 10,006 4,250 2,602 22. (17,960) 12,608 502,596 454,659 13,730 9,475 48,359 34,087 16 35,223 34,074 17,157 11,959 617,065 544,254 (a) * 1,457 230 616 90 2,393 1,457 616 94 2,167 701 208 883 3 1,795 ** 1,915 616 88 2,619 **** 561 771 1,332 240 771 1,011 240 771 1,011 *** 183 565 748 6,754 438 5,609 275 13,076 111

22. (a) * 1,525 230 785 95 2,635 1,523 230 785 101 2,639 758 487 900 2,145 ** 2,166 300 785 98 3,349 **** 875 808 42 1,725 282 808 1,090 254 808 1,062 *** 263 720 983 7,646 1,247 6,399 336 15,628 * ** *** **** 112

22. (b) 2,000,001 2,500,000 1,621,0002,026,000 3,000,001 3,500,000 2,431,0002,836,000 2 2 3,500,001 4,000,000 2,836,0003,242,000 1 4,000,001 4,500,000 3,242,0003,647,000 2 4,500,001 5,000,000 3,647,0004,052,221 1 2 5 5 (c) 23. 587 (904) 8,534 6,586 74,558 67,948 8,186 2,758 4,600 4,600 113

24. 2,833 7,384 2,833 7,384 (6,664) (712) (22,330) (14,773) (3,905) (4,441) (13,754) (12,096) (46,653) (32,022) (43,820) (24,638) 25. 63,467 93,823 (17,369) (12,730) 46,098 81,093 a. b. 20% 30% c. 16.5% d. 10% 114

25. e. 15% 25% f. 20% g. 25% h. 25% 160,365 389,490 28,350 65,416 9,853 5,590 2,601 7,581 5,294 2,506 46,098 81,093 26. 22,578,000 3,652,000 115

27. 0.050.064 77,905,00099,718,000 28. (a) 116,176 300,377 1,533,036 1,527,973 0.076 0.197 116

28. (b) 116,176 300,377 24 12,096 116,176 312,473 1,533,036 1,527,973 71,779 10,216 15,460 1,543,252 1,615,212 0.075 0.194 117

29. 160,365 389,490 23 74,558 67,948 23 587 (904) 7 8 8,186 2,758 (6,064) 25,844 21 24 28,874 (9,294) 24 (2,833) (7,384) 24 22,330 14,773 24 13,754 12,096 35,223 34,074 (65,107) (169,638) (138,093) (235,564) (83,282) (33,538) (31,081) 271,244 (24,167) (16,299) 16,527 (11,055) 9,777 334,551 6 4,046 8,611 23 (587) 904 630 (538) 4,089 8,977 30. 118

31. (a) 1,022 5,572 (b) 1 19,417 18,690 1 5 79,936 88,708 5 314,537 335,567 413,890 442,965 32. 781,000AWP Precision Engineering Pte. Ltd. AWP 60% AWP 40%11,584,000 16(d) AWP 119

33. (a) (b) 18,873 19,965 10,171 8,248 755 541 29,799 28,754 120