Neptune Group Limited Neptune Group Limited 海王國際集團有限公司 海王國際集團有限公司 於香港註冊成立之有限公司 (Incorporated in Hong Kong with limited liability) stock code: 00070 股份代號 00070 年報 2013 ANNUAL REPORT 2013 海 王 國 際 集 團 有 限 公 司 ANNUAL REPORT 2013 年報

2 3 4 5 9 11 19 25 27 28 30 31 32 33

02 Nicholas J. Niglio Nicholas J. Niglio 77 9 183 17 1712-16 168-200 18 1807 enquiry@neptune.com.hk 00070

463,268 411,965 438,787 435,377 577,517 42,590 66,645 201,133 282,930 288,300 1.11 1.73 5.23 7.35 6.95 1.14 0.08 5.23 7.35 6.95 120,808 103,527 107 62 54,686 31,527 38,760 32,800 0 133,928 49,724 46,465 46,344 46,344 1,754,993 1,491,593 1,444,493 1,444,493 2,102,793 10,483 10,483 10,438 40,438 251,290 217,390 273,439 408,091 602,863 2,303,029 1,911,477 1,807,742 1,939,428 2,806,686 492,440 114,937 21,482 32,317 9,161 2,301 1,778,272 1,787,379 1,783,959 1,939,428 2,806,686 769,449 38,472 38,472 38,472 46,162 364,626 969,441 1,153,348 1,382,097 1,792,073 1,134,075 1,007,913 1,191,820 1,420,569 1,838,235 644,197 779,466 592,139 518,859 968,451 1,778,272 1,787,379 1,783,959 1,939,428 2,806,686 0.29 0.26 0.31 0.37 0.40 03

12 04

564,506,000 442,152,000 1411231361 61 19%577,500,000 433,300,000 33.2% 215,300,000 05

577,517,000 433,377,00033.2% 288,300,0006.95 282,930,000 7.35 (EBITDA) 567,222,000 442,374,000 124,848,000 28.2% EBITDA1 124,800,000 144,100,000 8.4%11,100,000800,000 EBITDA 3,000,000 4,300,0002,000,000 2,000,000 300,000 10,400,000 2,000,000 1 EBITDA 06

46,162,4454,616,244,500 0.01 95,575,000 119,503,000 0.173 769,000,000 133,037,000 Guangdong 31 Sky Club 110.4% 20% 150,000,000 602,863,000408,091,000 23,100,000 2,806,686,0001,939,428,000 1.26% 64,700,00087,500,000 200,000 3,400,0006,100,000 23,100,00031,700,000 07

51,453,000 The Center (49) Limited 3,300,000 1,600,000 66,300,000 30 08

40 18 Nicholas J. Niglio67 25 Niglio Trump Taj Mahal Casino Resort, Inc. Trump Trump NiglioCaesars World IncCaesars Palace Caesars NiglioResort International Hotel and Casino Niglio Saint Peter s College 57 25 Paccess International Tileman UK Dairy farm Cold Storage Hopewell Construction 09

38 35 10 10 MLC Investments Toyota Finance 5012 California College of Arts and Craft 45 44 15 10

A.1.8A.4.1A.6.7 A.1.8 A.4.1 A.6.7 (a) 9 103.13 11

(b) A.2.1 Nicholas J. Niglio (c) (d) 5/5 1/1 1/1 Nicholas J. Niglio 5/5 1/1 1/1 5/5 1/1 1/1 3/5 1/1 1/1 2/5 0/0 1/1 0/0 0/0 0/0 5/5 1/1 1/1 5/5 1/1 1/1 5/5 0/1 0/1 12

(a) 3.2.1 3/3 3/3 1/3 13

(b) 1/1 1/1 Nicholas J. Niglio 1/1 (c) 1/1 1/1 1/1 14

(c) (a) (b) (c) (d) (e) 25 26 650,00080,000 15

16

A.6.5 (I) 2128 (II) 17

(III) 115A2.5% 2,000 (IV) 18

168-20018 1807 19 5 27 28 98 30(a) 16 30(b) 19

Nicholas J. Niglio 7984 3.13 20

(1) 352 375,000,000 8.12% (2) 2,390,000 4.31% 2,388,000 4.31% Nicholas J. Niglio 2,300,000 4.15% 23,000,000 41.53% 21

32 17 32 19 20 38 22

336 5% 375,000,000 8.12% 720,000,000 15.60% Lin Yee Man 720,000,000 15.60% 3365% 38 9 10 31 A.4.1A.1.811 18 23

11 18 40 24

27 108 141 25

P02412 26

5 577,517 433,377 6 521 364 7 (13,438) (2,109) (10,607) (6,327) 553,993 425,305 20 11,119 10,256 34 4,581 8(a) (606) (202) 8 564,506 439,940 9(a) 25 564,506 439,965 10 2,187 564,506 442,152 564,506 442,152 13 288,300 282,930 276,206 159,222 564,506 442,152 288,300 281,399 10 1,531 288,300 282,930 15 6.95 7.35 6.95 7.31 0.04 33 108 27

16 54,686 62 17 2,102,793 1,444,493 18 10,438 20 46,344 46,344 23(a) 30,000 2,203,823 1,531,337 33 34,600 22 2 2 23(b) 481,470 331,314 20 55,902 44,783 24(a) 95,575 119,503 667,549 495,602 25 9,542 28,226 28 23,172 20 31,667 6,972 206 52,214 26 99 99 64,686 87,511 602,863 408,091 2,806,686 1,939,428 28

27(a) 29 2,806,686 1,939,428 30 46,162 38,472 1,792,073 1,382,097 1,838,235 1,420,569 968,451 518,859 2,806,686 1,939,428 Nicholas J. Niglio 33 108 29

16 54,686 62 19 1,758,792 1,617,101 1,813,478 1,617,163 23(b) 965 1,012 24(a) 4,082 5,233 5,047 6,245 25 7,342 10,119 28 23,172 19 508,945 453,186 539,459 463,305 (534,412) (457,060) 1,279,066 1,160,103 27(b) 29 1,279,066 1,160,103 30 46,162 38,472 1,232,904 1,121,631 1,279,066 1,160,103 Nicholas J. Niglio 33 108 30

38,472 910,015 9,259 2,264 4,576 227,234 1,191,820 592,139 1,783,959 282,930 282,930 159,222 442,152 (10,260) 6,299 (3,961) (3,961) 1,001 1,001 1,001 (51,221) (51,221) (56,779) (108,000) (175,723) (175,723) 38,472 910,015 2,264 4,576 (51,221) 516,463 1,420,569 518,859 1,939,428 288,300 288,300 276,206 564,506 30(a) 7,690 121,676 129,366 129,366 21 449,600 449,600 (353) 353 (276,214) (276,214) 46,162 1,031,691 2,264 4,223 (51,221) 805,116 1,838,235 968,451 2,806,686 Base Move Investments Limited 10% 108,000,000 56,779,00051,221,000 33 108 31

24(b) 472,021 353,394 74,992 23(a) (30,000) (66,300) 21 (150,000) 16 (56,734) 34 32,852 7,702 84,102 (60,895) 336 364 (325,891) 162,310 24,695 6,972 25,000 (1,828) 129,366 (27,700) (16,000) (92,000) (328,222) (291,007) (569) (2,500) (170,058) (403,735) (23,928) 111,969 119,503 7,534 24(a) 95,575 119,503 33 108 32

1. (a) 2 (b) (i) 33

1. (b) (ii) (iii) 3 (c) (i) 34

1. (c) (i) 12 19 2 5 35

1. (c) (i) 39 37 36

1. (c) (i) (ii) 37

1. (c) (ii) 1(k) 1(l) 1(d) 1(c)(iii) 1(i) 1(t) 38

1. (c) (iii) 1(t) 1(i) 1(d) 39

1. (c) (iv) (i) (ii) (ii)(i) 1(i) 40

1. (d) 1(q)(iii) (iv) 1(i) (e) 1(i) 1(r) 41

1. (e) 25 25 5 5 5 (f) (i) (ii) 1(e) 1(i) (iii) 42

1. (g) 1(i) (h) 1(i) (i) (i) 43

1. (i) (i) 1(i)(ii) 1(i)(ii) 44

1. (i) (ii) 45

1. (i) (ii) (iii) 34 1(i)(i) (ii) (j) 46

1. (j) (k) (l) (m) (n) (i) 47

1. (n) (ii) (iii) (o) 48

1. (o) 49

1. (o) (p) (i) 1(p)(ii) 1(p)(ii) (ii) 50

1. (q) (i) (ii) (iii) (iv) (r) 51

1. (s) (t) (i) 52

1. (t) (i) 1 (ii) (i) 53

1. (u) (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (vii) 1(u)(a) 1(u)(a)(i) (v) (w) 54

2. 12 1 12 12 12 40 1 1 55

3. (a) (i) 50% Base Move Investments Limited Base Move Investments Limited Base Move80%80% Base MoveBase Move Base Move27 27 Base Move 30%30%Base Move70% 70% 100% 27 20% 80% 56

3. (b) (i) 361 (ii) 1 (iii) 57

3. (b) (iv) (v) 4. (a) 58

4. (a) (i) 23(b) 11.9%49.9%66.6% 90.0% 55,902,00044,783,000 23(b) 59

4. (a) (ii) 2,876 11,504 11,984 26,364 23,172 7,950 7,950 7,950 * 206 206 206 31,667 31,667 31,667 42,699 11,504 11,984 66,187 62,995 20,296 (11,504) (11,984) (3,192) 62,995 62,995 26,634 26,634 26,634 * 52,214 52,214 52,214 6,972 6,972 6,972 85,820 85,820 85,820 * 60

4. (a) (ii) 2,876 11,504 11,984 26,364 23,172 7,342 7,342 7,342 508,945 508,945 508,945 519,163 11,504 11,984 542,651 539,459 20,296 (11,504) (11,984) (3,192) 539,459 539,459 10,119 10,119 10,119 453,186 453,186 453,186 463,305 463,305 463,305 (iii) 60,895,00023(b) 61

4. (a) (iii) % % 2.85% 23,172 100 232,000 100 (iv) 22 33 62

4. (a) (iv) 10% 10% 10% 10% 10% 26,734 (18,240) 9,011 (v) (i) 7 63

4. (a) (v) (i) 2 2 34,600 34,600 2 34,600 34,602 2 2 2 2 33 (ii) 64

4. (b) (i) (ii) (c) # 23,172 23,172 1,838,235 1,420,569 1,279,066 1,160,103 1.26% 1.81% # 28 65

5. (a) 66

5. (a) 577,517 577,517 433,377 2,000 435,377 577,517 577,517 433,377 2,000 435,377 578,090 578,090 443,189 1,998 445,187 * (10,438) (10,438) * 11,119 11,119 10,256 10,256 2,762,865 2,762,865 1,938,188 1,938,188 46,344 46,344 46,344 46,344 628,300 628,300 30,000 30,000 31,998 31,998 75,204 75,204 * 67

5. (b) 577,517 433,377 577,517 433,377 2,000 2,000 578,090 443,189 578,090 443,189 4,581 (3,000) (2,109) (569) (202) (10,015) (5,519) 564,506 439,940 1,998 1,998 68

5. (b) 2,762,865 1,938,188 54,686 62 5,555 77,234 34,600 13,666 11,455 2,871,372 2,026,939 31,998 75,204 99 99 23,172 9,417 12,208 64,686 87,511 69

5. (c) (i)(ii) 577,517 433,377 2,000 2,000 577,517 433,377 54,686 62 2,149,137 1,531,275 (d) 215,310,000 160,998,000102,645,000 10% 186,621,000 160,152,00062,207,000 10% 70

5. (d) 317,955 160,152 214,664 248,828 44,898 24,397 577,517 433,377 6. 336 364 185 521 364 7. (2,109) (10,438) (3,000) (13,438) (2,109) 71

8. (a) 569 37 202 606 202 (b) 74 65 2,971 3,004 3,045 3,069 (c) 650 620 80 70 16 2,110 45 135 597 726 72

9. (a) (i) (25) (25) (ii) 564,506 439,940 67,131 52,628 3,561 1,376 (70,692) (54,052) 23 (25) 73

9. (b) 1,998 330 (330) 74

10. 11,800,00091,804,000 (a) 5 2,000 2,000 (2) 1,998 9(b) 1,998 189 2,187 1,531 656 2,187 (b) 2,998 2,998 75

11. 161 630 630 15 12 645 642 536 536 15 12 551 548 Nicholas J. Niglio a b 421 421 4 421 425 c 225 8 233 b 233 562 4 233 566 60 60 60 60 60 60 60 60 20 20 20 20 140 140 2,045 2,149 38 32 2,223 2,321 (a) (b) (c) Nicholas J. Niglio 65 355,000 233,000 76

12. 11 280 12 292 1,000,000 1 13. 10,403,000 89,150,000 14. 77

15. (a) 4,150,631,000 3,847,245,000 288,300 281,399 1,531 288,300 282,930 3,847,245 3,847,245 303,386 4,150,631 3,847,245 (b) 78

16. 165 258 423 423 2,202 943 177 2,992 6,314 50,420 56,734 2,202 1,108 435 2,992 6,737 50,420 57,157 138 178 316 316 14 31 45 45 152 209 361 361 152 209 361 361 38 69 44 110 261 1,849 2,110 38 221 253 110 622 1,849 2,471 2,164 887 182 2,882 6,115 48,571 54,686 13 49 62 62 51,453 48,571 2,882 51,453 79

17. 2,260,393 21 562,000 10% 96,300 2,918,693 815,900 2,102,793 1,444,493 Lucky Star 567,793 201,000 603,100 72,600 1,444,493 96,300 562,000 658,300 567,793 201,000 603,100 168,900 562,000 2,102,793 80

17. 12.59%12.59% 81

18. 221,411 221,411 (210,973) (210,973) (10,438) (221,411) (210,973) 10,438 10,438 10,438,000 12.59% 12.59% 82

18. 10,438 4,266 206,662 221,366 (4,266) (206,662) (210,928) (10,438) (10,438) (10,438) (4,266) (206,662) (221,366) 45,000 19. 308,374 308,373 a (18,650) (18,650) 289,724 289,723 b 1,475,654 1,333,964 (6,586) (6,586) 1,469,068 1,327,378 1,758,792 1,617,101 c 508,945 453,186 83

19. (a) 13,650,000 (b) 35,400,000 34 102,183,000 (c) (d) % % a 100 30 100 100 b 100 20 25,000 20 Great Well Global Limited 1 100 100 100 100 100 100 100 84

19. % % 100 85 25,000 85 100 100 100 85 100 100 2 100 100 100 Walden Maritime S.A. 10,000 70 (a) (b) 80% 80% 2730% 30%70%70% 100% 27 20%80% 85

20. 46,344 46,344 a 55,902 44,783 b 31,667 6,972 (a) (b) 20% 20% 231,722 231,722 96,146 81,143 327,868 312,865 (96,145) (81,145) 231,723 231,720 46,344 46,344 55,600 51,285 55,595 51,280 11,119 10,256 86

21. 20%150,000,000 1 7,500,000 80% 36 Guangdong 31 Sky Club 110.4% 275,000,000275,000,000 275,000,000 87

21. 100% 20%20% 80% 562,000 (449,600) 20% 112,400 37,600 150,000 15,000 150,000 80% 37,600,000 22. 2 2 88

23. (a) 30,000 30,000,000 96,300,00010% 20% 66,300,000 (b) 418,134 321,117 a 7,702 b 60,895 1,365 1,363 848 838 480,394 330,182 848 838 1,076 1,132 117 174 481,470 331,314 965 1,012 (a) 11,800,00091,804,000 84,102,000 7,702,000 (b) 10,222,00024,156,000 26,517,0005 89

23. 30 30 46,625 25,822 31 60 41,525 34,263 61 90 40,545 35,547 90 289,439 225,485 418,134 321,117 350,434,000 298,315,000 176,171 96,216 174,263 202,099 350,434 298,315 30 90

23. 46,625 25,822 41,525 34,263 83,854 74,726 245,130 186,306 1,000 371,509 295,295 418,134 321,117 64% 91

24. (a) 95,327 49,006 3,834 4,985 70,249 248 248 248 248 95,575 119,503 4,082 5,233 (b) 564,506 439,940 10(a) 1,998 564,506 441,938 6 (336) (364) 7, 18 10,438 16 2,110 45 8(a) 606 202 20 (11,119) (10,256) 33 3,000 34 (4,581) 7 2,109 (96,963) (73,946) (221) (1,753) 472,021 353,394 92

25. Base Move a 16,000 6,161 8,661 6,160 8,660 313 290 1,476 1,683 1,182 1,459 7,950 26,634 7,342 10,119 1,592 1,592 9,542 28,226 7,342 10,119 (a) Base Move10%108,000,00016,000,000Base Move 26. 99 99 93

27. (a) 1,026 1,275 2,301 (25) (25) (1,001) (1,001) 34 (1,275) (1,275) (b) 1,026 (25) (1,001) 94

28. 2,241 2,305 7,323 11,303 20,931 23,172 51,453,000 2.4% 4(a)(ii) 95

29. (a) 846,000,000 1 0.3 85%5 26,200,000 26,200,000 1,995,000 (b) 138,000,000 1 0.3 85% 5 1,500,000 1,500,000 114,000 96

29. 5 20,319 1,163 21,482 191 11 202 (50) (4) (54) (20,460) (1,170) (21,630) 97

30. (a) 38,472 910,015 9,259 1,264 4,576 110,327 1,073,913 89,150 89,150 (10,260) 6,299 (3,961) 1,001 1,001 38,472 910,015 1,264 4,576 205,776 1,160,103 (10,403) (10,403) 7,690 121,676 129,366 (353) 353 46,162 1,031,691 1,264 4,223 195,726 1,279,066 98

30. (b) 0.01 50,000,000 500,000 3,847,245 38,472 769,000 7,690 4,616,245 46,162 0.173769,000,000 129,366,0003,671,000 (c) (i) 48B (ii) 1(j) (iii) 1(n)(ii) (iv) (d) 79B 195,726,000205,776,000 99

31. 5% 25,00020,000 32. 80% 10% 25% 17 (i) 10% 30% (ii) 12 1% (iii) (a) (b) 100

32. 211 (i) (ii) (iii) 30% 69,120,00012 1% 101

32. 12 0.1% 5,000,000 21 1 178,000266,000 0.004%0.007% 88,000 55,200,00057,500,000 1.20%1.49% 2,300,000 0.7280.337 4.145.14 102

32. * * ** 2007A 90 90 2008A 2,300 2,300 2007A 88 88 2008A 2,300 2,300 2007A 88 (88) 2008A 2,300 (2,300) 0.728 0.686 0.7 0.337 0.127 0.325 0.728 0.686 0.7 0.337 0.127 0.325 0.728 0.686 0.7 0.337 0.127 0.325 Nicholas J. Niglio 2008A 2,300 2,300 0.337 0.127 0.325 2008A 23,000 23,000 2008A 25,300 25,300 0.337 0.127 0.325 0.337 0.127 0.325 57,766 (2,388) 55,378 0.339 0.351 0.338 * 2007A 2008A ** 103

33. Base Move Investment Limited 50% 80% 34,600,000 21 37,600 (3,000) 34,600 34. Jumbo Profit Investments Limited World Target International Limited 33,000,000 32,800 221 148 15 (1,760) (1,730) (1,275) 28,419 4,581 33,000 33,000 33,000 (148) 32,852 104

34. 32,800 (32,800) 35. 180 36. 23(a) 66,300 37. The Center (49) Limited 3,300,000 1,600,000 105

38. 2,185 2,289 38 32 2,223 2,321 39. 106

40. 41. 2 7 97 9 101112 101227 9 10 107

41. 11 12 13 19 27 28 32 36 39 20 21 108