342C * 498 849 0.12 2009 6 16 2009 6 25 2009 6 16 2009 6 25 4 (i) (ii) (iii) (a) (b) (c) (d) (e) (f) 5 (g) (1) (2) (3) 4 * 2009 6 12
............................................................ 1................................................................. 2............................................................ 6.......................................... 18................................ 115............................ 119................................................... 138 i
2009................................... 6 16......................... 6 224................................. 6 25.................. 6 304................................... 7 34................................ 7 7................................. 7 8................................. 7 8..................................... 7 10 1. 2. (i) (ii) 1212 5 12 4 9 4 4 1
2009 6 30 2009 4 302009 5 4 5 7,000,000,000 300,000,0001,000,000,000 2009 5 22 1981 32 498 2007 4 192007 6 1 121,521,4982010 38,115,000 2009 4 29 2
3,223,087 OZ Third Avenue 703,658,790 372 809,025,130 2009 4 29 2009 6 9 OZ OZ Management LP 3
2009 6 12 2009 6 9 28 26 3,019,350,218 571 2009 6 9 2002 8 27 0.10 4
0.12 OZ Third Avenue Management 2009 4 29 100,712,732 Third Avenue Third Avenue Trust Third Avenue Fund Third Avenue Fund Third Avenue Small Cap Value Fund Third Avenue Third Avenue Management LLC Management 1 6 2009 4 29 2,313,128,244 2008 9 25 849251,398,919 2009 9 251.00 251,398,9191,281,592 2009 5 262009 6 4 250,117,327 % 5
* 498 849 OBE, JP Clarendon House 2 Church Street Hamilton HM 11 Bermuda 51 GBS, JP 31 0.12 2009 4 30362,000,000 431,000,000 0.123,016,787,034 3,588,897,924 1,509,675,109 3,019,350,218 * 6
1,509,675,109 3,019,350,218 0.12 (1) 121,521,4984.135 29,388,511 (2) 250,117,3271.00 250,117,327 (3) 116,815,166 3,019,350,218200.0% 3,019,350,21866.7% (i)(ii) 13.36(2)(a) 7
0.12 (i) (ii) (iii) (iv) (v) 0.440 72.7% 0.227 47.1% 0.440 0.443 72.9% 0.435 72.4% 0.42 71.4% 2009 6 304 2826 PYI Corporation Limited Rights Issue Account 2009 6 304 8
2009 6 224 2009 7 34 (1) (2) (1) 2009 6 304 2826 PYI Corporation Limited Excess Application Account 9
2009 7 8 2009 7 8 2009 7 3 4 2009 7 8 2009 7 8 2009 7 8 2009 7 10 2,000 (i) (ii) 404,512,56526.8% 67,418,7601.00 67,418,760 OZ173,919,48911.5% 23,737,4111.00 23,737,411 10
(iii) Third Avenue Management158,615,369 10.5%9,556,5611.00 9,556,561 809,025,130 2009 6 8 909,025,130809,025,130 504,103,114 OZ 347,838,978 Third AvenueThird Avenue FundThird Avenue Management 317,142,738 2009 6 3 3,931,667 19,338,537 1.3% 3,223,08734,183,333 (i) (ii) (iii) (iv) 1,314,035 2,628,070 4,745,825 9,491,650 11,978,677 23,957,354 1,300,000 2,600,000 11
(a) (b) (c) (d) (e) (f) (g) (i) (ii) 342C OZ Third Avenue 2009 7 16 4 2009 4 29 2,313,128,244 2,885,239,134 12
3.0% 0.5% 1,509,675,109 2,315,691,428 4 (i) (ii) (iii) (a) (b) (c) (d) (e) (f) 5 13
(g) (1) (2) (3) 4 (A) (B) (i) (ii) (iii) (iv) 90 (i) (ii) (iii) (i) (ii) (i)(ii) (iii) 14
% % % 1 404,512,565 26.8% 1,213,537,695 26.8% 404,512,565 8.9% OZ 173,919,489 11.5% 521,758,467 11.5% 521,758,467 11.5% Third Avenue Management 2 158,615,369 10.5% 475,846,107 10.5% 475,758,107 10.5% 11,978,677 0.8% 35,936,031 0.8% 944,961,161 20.9% 4,745,825 0.3% 14,237,475 0.3% 518,340,589 11.5% 2,614,035 0.2% 7,842,105 0.2% 7,842,105 0.2% 902,563,184 19.9% 753,289,149 49.9% 2,259,867,447 49.9% 753,289,149 16.6% 1,509,675,109 100.0% 4,529,025,327 100.0% 4,529,025,327 100.0% 1. 29.8% 2. Third Avenue Management Third Avenue FundThird Avenue Management158,571,369Third Avenue Management 44,000 25% 15
362,000,000 350,000,000 2008 7 232008 8 1 251,398,919 2008 9 261.00 251,398,919 1,281,5922009 5 262009 6 4 250,117,327 12 2009 6 9 4.135 2.139 1.00 0.51 1.0628 3.8571 0.43762 1.58821 2009 7 3 4 116,815,166283,693,969 16
2009 7 34 2009 6 10 2009 6 102009 7 3 2009 6 16 2009 6 25 2009 6 16 2009 6 25 2009 6 16 2009 6 25 2009 6 12 17
1. 2008 3 312008 3 31 2008 9 30 2008 9 30 2008 9 30 3 31 2008 2007 2006 2,789,918 5,502,543 4,643,712 3,242,806 280,081 833,297 326,595 367,128 (152,233) (315,186) 50,552 (52,804) 127,848 518,111 377,147 314,324 74,063 359,982 345,665 278,861 53,785 158,129 31,482 35,463 127,848 518,111 377,147 314,324 2008 3 31 9 30 2008 2007 2006 11,894,530 10,361,473 7,621,447 5,981,678 (7,470,562) (6,252,163) (4,372,598) (2,971,741) 4,423,968 4,109,310 3,248,849 3,009,937 3,587,709 3,377,085 2,771,852 2,570,632 4,633 5,280 981 137 831,626 726,945 476,016 439,168 4,423,968 4,109,310 3,248,849 3,009,937 18
2. 2008 3 312007 3 312008 3 31 2008 2007 7 5,502,543 4,643,712 (5,075,383) (4,370,170) 427,160 273,542 9 80,865 171,396 (291,246) (238,936) (44,622) (18,471) 10 (14,916) (69,068) 11 (53,252) (23,597) 3,459 5,067 46(a) 3,755 18 669,460 56,330 223,549 59 (642) 13 833,297 326,595 14 (315,186) 50,552 518,111 377,147 359,982 345,665 158,129 31,482 518,111 377,147 15 45,053 369,668 16 0.240 0.236 0.238 0.233 19
2008 2007 17 718,611 528,203 18 1,230,351 19 3,281,039 2,411,680 20 172,031 44,458 21 78,770 67,968 22 63,969 61,646 23 61,402 55,775 24 744,213 710,234 25 1,987 1,928 26 1,081 1,312 27 32,222 30,956 30 2,863 6,597 6,388,539 3,920,757 20 173,626 82,732 21 2,343 1,766 20,171 23,425 27 18,000 181,508 28 296,753 150,099 29 59,777 187,314 31 201,589 223,637 32 2,421,568 1,910,690 33 94 1,427 34 61,255 155,783 26 56,635 35 22,174 3,261 2,942 36 34,269 42,601 36 438,878 441,769 36 162,541 294,997 3,972,934 3,700,690 20
2008 2007 31 804,442 1,038,548 37 1,903,832 1,157,990 38 50,291 17,429 39 1,041 4,071 40 133,051 103,987 61,286 41 839,410 597,386 3,836,054 2,876,710 136,880 823,980 6,525,419 4,744,737 41 966,198 426,751 42 120,551 46(a) 121,213 43 1,329,360 947,924 2,416,109 1,495,888 4,109,310 3,248,849 44 150,709 149,171 3,226,376 2,622,681 3,377,085 2,771,852 5,280 981 726,945 476,016 4,109,310 3,248,849 21
2006 4 1 137,880 169,129 124,695 (201,291) (352) 5,733 5,143 4,940 2,324,755 2,570,632 137 439,168 3,009,937 54,168 54,168 27,800 81,968 (238) (238) (103) (341) 15,167 15,167 15,167 2,019 2,019 2,019 (238) 2,019 69,335 71,116 27,697 98,813 345,665 345,665 31,482 377,147 (2,991) (218) (3,209) (3,209) (238) (972) 69,117 345,665 413,572 59,179 472,751 33 (33) (200) (4,181) (4,381) (4,381) 22,181 22,181 1,088 23,269 3,657 59,597 (5,096) 58,158 58,158 (63) 63 (244) 1,744 1,500 984 (984) 6,850 192,701 199,551 199,551 24,477 24,477 24,477 (635) (635) (635) (369,668) (369,668) (369,668) (17,547) (17,547) 48,761 48,761 5,472 5,472 (142,035) (142,035) (60,761) (202,796) 2007 3 31 149,171 415,627 124,695 (343,326) (590) 4,794 74,260 21,962 2,325,259 2,771,852 981 476,016 3,248,849 22
2007 3 31 149,171 415,627 124,695 (343,326) (590) 4,794 74,260 21,962 2,325,259 2,771,852 981 476,016 3,248,849 159,028 159,028 39,992 199,020 490 490 (141) 349 61,730 61,730 61,730 490 220,758 221,248 39,851 261,099 359,982 359,982 158,129 518,111 809 809 809 644 644 379 1,023 (2,743) (200) (2,943) (2,943) 1,299 (2,743) 221,202 359,982 579,740 198,359 778,099 40 (40) 8,547 8,547 8,547 (183) (5,954) (6,137) (6,137) 15,478 15,478 4,697 20,175 1,062 30,088 (5,095) 26,055 26,055 (4,085) 4,085 (398) 3,234 2,836 659 (659) 18,509 18,509 18,509 (388) (388) (388) (45,053) (45,053) (45,053) (22,119) (22,119) 8,482 8,482 8,482 65,722 65,722 5,733 5,733 2008 3 31 150,709 438,714 124,695 (343,326) 709 10,638 295,462 8,482 28,260 2,662,742 3,377,085 5,280 726,945 4,109,310 23
2008 2007 833,297 326,595 53,252 23,597 118 977 (2,943) (3,459) (5,067) (56,330) (223,549) (59) 642 1,958 1,031 1,334 490 65,348 21,779 9,508 (89,472) 1,333 1,650 (11,086) (669,460) 19,867 23,083 (46,577) (42,444) 2,686 18,628 1,389 (30,324) (3,755) 200,176 23,861 (209,435) 553,472 78,245 (85,806) (82,732) 148,395 (72,759) 3,254 (23,425) (382,297) (511,224) (134,931) 115,017 127,845 167,848 85,020 88,633 471,226 237,139 32,862 13,751 13,051 269,360 587,826 (593) (3,296) 21 (5,822) (892) 262,966 583,638 24
2008 2007 (912,607) (290,888) (111,111) (86,966) (43,264) (56,635) 47 (46,119) (44,838) (50,077) (11,088) (8,869) (383) (2,366) 46 (1,792) (369,262) 88,250 4,790 45,045 42,070 8,860 26,055 8,332 76,021 660 1,973 (278,520) (7,800) 4,000 115 (1,131,244) (885,170) 1,583,135 1,198,106 70,000 65,722 50,261 26,055 58,158 2,836 (837,236) (850,715) (109,130) (39,808) (26,544) (19,531) (16,386) (12,075) (6,137) (4,381) (3,030) (3,597) (388) (635) (31,821) 748,897 343,962 (119,381) 42,430 4,466 7,866 716,334 666,038 601,419 716,334 438,878 441,769 162,541 294,997 (20,432) 601,419 716,334 25
1. 56 2. 2007 4 1 1 7 8 9 10 11 2 2 17 32 1 7 26
1 1 23 1 27 2 321 1 2 1 3 2 8 1 12 3 13 4 14 19 3 1 2009 1 1 2 2009 7 1 3 2008 1 1 4 2008 7 1 32009 7 1 27 3. 27
3 28
29
30
31
32
33
34
35
36
37
2005 4 1 2005 4 1 4. 3 38
(a) (b) 2008 3 31 917,000,000 (c) 5. 2008 3 31883,851,000 2007 926,204,000 641,327,000 2007 672,059,000 18 2008 3 31 244,902,000 2007 41 39
6. 6a. 2008 2007 61,255 155,783 94 1,427 22,174 83,523 157,210 50,222 212,464 2,003,808 1,693,034 59,777 187,314 296,753 150,099 10,795 10,529 473,147 484,370 162,541 294,997 3,057,043 3,032,807 57,716 1,312 3,198,282 3,191,329 1,738,603 1,014,455 50,291 17,429 133,051 1,041 4,071 1,805,608 1,024,137 120,551 121,213 3,849,145 2,181,305 40
6b. (a) 28 29 32 36 40 41 27 28 41 50 50 41
2008 2007 2008 2007 312,414 77,835 19,951 298 309,166 204,359 25,132 25,132 14,799 36,856 22,761 725 105,998 106,987 42
5% 5% 5% 5% 5% 2008 2007 11,612 9,050 5% 2008 3 31 3,063,000 2007 7,789,000 54,000 2007 66,000 43
(b) 50 865,154,000 2007 857,631,000 18% 2007 29% 2008 3 31 222,722,000 2007 176,753,000 32(c) 2008 3 31 2008 3 31 290,267,000 2007 28(a) 32(d) 44
(c) 90 90 365 365 2008 1,472,994 140,614 124,995 1,738,603 1,738,603 64,383 64,383 64,383 7.25 120,000 120,000 120,000 7.88 136,254 95,029 231,283 225,542 6.91 251,040 453,929 1,139,046 1,844,015 1,580,066 138,737 138,737 120,551 2,044,671 689,572 1,402,778 4,137,021 3,849,145 2007 851,274 3,693 159,488 1,014,455 1,014,455 21,500 21,500 21,500 6.77 2,744 166,666 169,410 161,616 6.17 322,584 144,109 516,893 983,586 862,521 121,213 121,213 121,213 1,198,102 314,468 797,594 2,310,164 2,181,305 45
6c. 7. 33 35 2008 2007 4,853,345 4,325,799 378,572 110,414 102,698 58,383 59,617 26,579 49,312 80,285 500 2,635 116 98,000 5,502,543 4,643,712 46
8. 47
2008 3 31 4,853,345 59,617 161,197 378,572 49,312 500 5,502,543 4,269 2,309 (6,578) 4,853,345 63,886 163,506 378,572 49,312 500 (6,578) 5,502,543 110,999 18,023 66,405 (8,194) 42,182 670,701 900,116 (142,672) 22,491 46,577 (53,252) (9,508) 11,086 11,086 (1,389) 3,459 3,459 6,638 89 33,543 16,060 56,330 59 59 833,297 (315,186) 518,111 48
2008 3 31 1,981,852 70,418 1,200,557 254,486 347,971 1,378,726 5,234,010 3,281,039 57,716 61,255 31,299 3,800 708,664 450 744,213 1,987 1,987 981,253 10,361,473 1,821,540 3,570 336,203 15,061 143,592 64,389 2,384,355 3,867,808 6,252,163 4,856 1,602 75,403 27,228 175,338 284,427 1,129,397 1,413,824 6,447 762 47,758 8,195 3 20 63,185 3,497 66,682 575 940 443 1,958 2,425 105 3,590 1,917 537 8,574 11,293 19,867 234 2,452 2,686 28 (3) 24 49 69 118 49
2007 3 31 4,325,799 26,579 110,414 80,285 100,635 4,643,712 1,596 19,638 1,264 (22,498) 4,327,395 46,217 1,264 110,414 80,285 100,635 (22,498) 4,643,712 58,733 (211) (14,472) 3,304 84,208 13,863 145,425 (166,596) 7,718 42,444 89,472 (23,597) 3,755 3,755 5,067 5,067 1,299 681 149,717 71,852 223,549 (642) (642) 326,595 50,552 377,147 50
2007 3 31 1,966,433 27,575 749,338 308,674 520,954 51,729 3,624,703 2,411,680 29,038 3,376 605,179 72,641 710,234 1,312 155,783 1,928 1,928 715,807 7,621,447 1,844,278 4,110 268,316 33,712 2,769 346 2,153,531 2,219,067 4,372,598 19,418 1,346 401,935 128,491 43,600 594,790 294,631 889,421 5,853 173 10,085 3,529 44 1 19,685 2,584 22,269 615 18,000 18,615 13 18,628 979 979 (2) 977 30,324 30,324 575 361 95 1,031 9,065 2,949 325 12,339 10,744 23,083 51
2008 2007 4,112,872 2,948,541 785,850 1,561,006 603,821 134,165 5,502,543 4,643,712 2008 2007 2008 2007 1,636,133 1,577,148 4,988 16,952 438,584 709,855 707 3,159,293 1,337,700 278,732 577,838 5,234,010 3,624,703 284,427 594,790 9. 2008 2007 46,311 42,070 11,086 21,358 5,712 266 374 30,324 89,472 1,844 3,444 80,865 171,396 52
10. 2008 2007 9,508 2,686 18,628 1,389 1,333 1,650 45,415 3,375 14,916 69,068 11. 2008 2007 78,245 23,349 21,931 8,706 155 7,512 8,954 7,598 116,642 39,808 (415) (3,307) (57,887) (11,710) (5,088) (1,194) 53,252 23,597 53
12. (a) 2007 2008 360 4,300 3,887 319 6,790 15,656 320 320 760 760 380 380 420 420 340 340 300 300 2,880 4,300 3,887 319 6,790 18,176 2007 360 4,300 319 5,402 10,381 320 320 787 787 380 380 439 439 227 1,174 1,401 68 1,274 1,342 2,581 4,300 319 7,850 15,050 (b) 2007 12(a) 2007 2008 2007 9,851 8,120 1,413 1,102 132 154 2,708 3,645 14,104 13,021 54
2008 2007 2,000,001 2,500,000 2 2,500,001 3,000,000 2 3,000,001 3,500,000 1 3,500,001 4,000,000 1 4,500,001 5,000,000 1 5,000,001 5,500,000 1 4 4 13. 2008 2007 1,334 490 7,017 6,340 360,312 174,652 4,679,141 4,192,824 65,348 21,779 118 977 22,581 16,925 2,567 1,134 1,958 1,031 173,526 151,386 508 2,819 89,000 2007 1,924,000 411 17 83,834 100,714 55
2008 2007 69,277 24,255 (2,208) (1,491) (1,281) (973) (440) (12) 65,348 21,779 18,176 15,050 396,148 321,167 1,072,000 2007 1,808,000 14,833 10,263 13,077 15,233 442,234 361,713 (255,306) (202,805) (7,469) (6,495) (5,933) (1,027) 173,526 151,386 56
14. 2008 2007 4,325 (268) 4,057 40,175 9,109 1,103 (565) 41,278 8,544 140,652 (62,666) 133,256 (487) 273,908 (63,153) 315,186 (50,552) 2008 3 31 2007 3 31 17.5% 1994 1 1 1995 1 27 30% 60% 57
2008 2007 833,297 326,595 17.5% 2007 17.5% 145,827 57,154 (9,868) (39,008) 17,011 24,305 (20,681) (22,174) 33,407 19,170 63 3,053 (11,789) (22,747) (227) (1,158) 2007 3 (62,666) 19,688 (5,648) 140,652 1,103 (833) 315,186 (50,552) 15. 43 2008 2007 20071.5 2007 20061.5 22,467 21,939 20081.5 2007 20071.5 22,586 22,069 2007 22.2 325,660 45,053 369,668 15,897,000 2007 15,595,0002,612,000 2007 8,882,000 2007 9 202007 3 31 2008 1 182008 58
2008 3 312008 9 18 1 1 12 2007 3 311.522,393,000 16. 2008 2007 359,982 345,665 2008 2007 1,498,636,111 1,462,372,940 14,921,337 19,042,143 1,513,557,448 1,481,415,083 59
17. 2006 4 1 900 58,325 25,447 72,010 156,682 1,192 9,940 699 156 11,987 45,891 393,626 18,127 457,644 18,895 13,062 194 9,286 8,640 50,077 (792) (9,106) (1,562) (2,035) (13,495) 2007 3 31 66,086 62,281 403,760 51,997 78,771 662,895 6,434 39,391 3,055 524 49,404 21,302 149,721 171,023 8,907 3,186 12,509 10,438 9,798 44,838 (963) (1) (2,236) (1,169) (4,369) 2008 3 31 102,729 64,504 149,721 455,659 63,254 87,924 923,791 2006 4 1 201 43,306 17,263 60,112 120,882 9 54 37 100 1,414 5,076 10,828 2,959 3,978 24,255 (223) (8,051) (1,206) (1,065) (10,545) 2007 3 31 1,401 40,331 10,828 19,070 63,062 134,692 412 1,358 2,345 494 193 4,802 4,963 5,945 24,019 22,762 5,624 5,964 69,277 (910) (1) (1,845) (835) (3,591) 2008 3 31 6,776 45,366 25,377 35,934 23,343 68,384 205,180 2008 3 31 95,953 19,138 124,344 419,725 39,911 19,540 718,611 2007 3 31 64,685 21,950 392,932 32,927 15,709 528,203 60
10% 2% 20% 5% 10% 5% 20% 8% 20% 20% 33 1 / 3% 2008 2007 88 91 95,865 64,594 95,953 64,685 18. 2006 4 12007 3 31 378,551 63,791 118,549 669,460 2008 3 31 1,230,351 378,551,000 61
2008 3 31 669,460,000 19. 2008 2007 1,631,465 1,747,484 1,649,574 664,196 3,281,039 2,411,680 2004 4950 20. 2008 2007 4 1 127,190 218,467 127,190 3 31 345,657 127,190 172,031 44,458 173,626 82,732 345,657 127,190 7,369,000 2007 107,176,000 7,369,000 2007 40,342,000 62
21. 2008 2007 22,561 23,136 58,552 46,598 81,113 69,734 2,343 1,766 78,770 67,968 81,113 69,734 22. 2008 2007 4 1 61,646 61,646 2,323 3 31 63,969 61,646 2008 3 31 5% 9% 2008 3 31 63
23. 2006 4 1 973 7,062 8,035 (115) (115) 9,210 35,923 2,032 47,165 233 907 51 1,191 2007 3 31 858 7,062 9,443 36,830 2,083 56,276 2,366 2,366 921 3,593 204 4,718 2008 3 31 858 7,062 10,364 40,423 2,287 2,366 63,360 2006 4 1 112 358 20 490 10 1 11 2007 3 31 112 368 21 501 247 765 303 19 1,334 24 79 19 1 123 2008 3 31 383 1,212 343 20 1,958 2008 3 31 858 7,062 9,981 39,211 1,944 2,346 61,402 2007 3 31 858 7,062 9,331 36,462 2,062 55,775 (a) (b) (c) (d) (e) 36 41 50 10 10 64
24. 2008 2007 499,343 503,716 244,870 206,518 744,213 710,234 20082007 3 31 45% 12 31 2007 12 31 20082007 3 31 20072006 12 31 2007 2006 12 31 12 31 723,306 129,383 75,632 12,011 34,034 5,405 144,679 34,034 150,084 3,196,920 2,668,100 (1,632,973) (1,333,452) (479) (364) 1,563,468 1,334,284 703,560 600,428 65
2008 2007 412,930 451,533 (364,054) (272,901) (2,214) (2,016) 46,662 176,616 40,653 109,806 890,943 26,513 52,157 150,795 22,296 73,465 2008 2007 368 1,591 (50,632) (51,000) 20082007 3 31 56(b) 25. 2008 2007 1,987 1,928 1,987 1,928 66
2008 2007 11,279 11,437 (7,305) (7,580) 3,974 3,857 1,987 1,928 7,798 117 (1,283) 59 (642) 20082007 3 31 56(c) 26. 2008 2007 343 732 580 343 1,312 738 56,635 57,373 57,716 1,312 1,081 1,312 56,635 57,716 1,312 343 1,312 2008 3 31 56,635,000 2007 67
27. 2008 2007 2 32,222 30,956 15 18,000 150,000 20 30,000 1,508 50,222 212,464 (18,000) (181,508) 32,222 30,956 18,000 181,508 32,222 30,956 50,222 212,464 2008 2007 4,773 8,586 15,113 (3,813) 19,886 4,773 2007 3 31 36,858,0002 2011 6 6.47 33 68
28. 2008 2007 290,267 141,401 290,267 141,401 6,478 489 8 7,324 885 296,753 150,099 (a) 102,261,000 2007 141,401,000 188,006,000 2007 2 7.259.5 10.32 (b) 2007 3 31Parona Limited 885,000 Parona Limited 29. 2008 2007 59,777 70,314 117,000,000 0.75 2009 1 117,000 59,777 187,314 2007 3 315.17 69
30. 15,000,000 2006 10 30 3% 2008 2007 2,863 6,597 7,932 3,932 10,795 10,529 31. 2008 2007 47,493,394 43,566,229 1,336,681 1,217,200 48,830,075 44,783,429 (49,432,928) (45,598,340) (602,853) (814,911) 201,589 223,637 (804,442) (1,038,548) (602,853) (814,911) 32. 2008 2007 882,254 813,035 511,560 477,403 222,722 176,753 133,038 159,653 142,465 7,932 3,932 504,409 297,102 2,421,568 1,910,690 70
2008 2007 37,686 34,135 234 18,628 (1,818) (12,042) (508) (3,035) 38 35,632 37,686 (a) 30 90 882,254,000 2007 813,035,000 2008 2007 90 807,265 744,690 90 180 16,366 19,346 180 58,623 48,999 882,254 813,035 2008 3 31 60,546,000 2007 72,341,000 2008 2007 90 1,834 7,911 90 180 89 15,521 180 58,623 48,999 60,546 72,431 71
(b) (c) (d) 2008 3 31 249,651,000 2007 239,707,000 8 15.5 2007 14.4 2008 3 31 422,752,0002007326,672,000 120,000,000 33. 34. 2008 2007 35,080 129,496 26,175 26,287 61,255 155,783 35. 2007 5 10,000,000 11,088,000 25%10 254,204,000 20,000,000 22,174,000 72
36. 34,269,000 2007 42,601,000 0.75% 2.15% 2007 2.5% 4.5%1.15% 2007 3.0% 37. 2008 2007 90 450,612 329,211 90 180 7,379 8,230 180 13,031 13,585 471,022 351,026 112,944 100,785 392,298 320,800 404,886 165,258 3,137 3,394 519,545 216,727 1,903,832 1,157,990 2008 3 31 124,995,000 2007 159,488,000 38. 39. 73
40. 2008 2007 2 70,000 50,000 120,000 9,571 3,480 133,051 41. 120,000,000 2007 2 7.25% 9.5% 2008 2007 1,779,449 943,554 26,159 60,151 20,432 1,805,608 1,024,137 1,225,901 644,968 579,707 379,169 1,805,608 1,024,137 839,410 597,386 305,379 116,157 224,891 11,551 198,936 64,481 95,528 74,481 141,464 160,081 1,805,608 1,024,137 (839,410) (597,386) 966,198 426,751 74
209,534,000 2007 161,616,000 6.39% 8.96% 2007 6.12% 7.344% 2.25% 7.94% 2007 4.67% 7.75% 42. 121,521,0002007 3 31 2010 4 182010 5 31 4.25 114.167% 2007 4 192007 6 1 7.02% 7.58% 2008 113,039 7,512 120,551 43. 2006 4 1 3,761 (1,905) (1,856) 900,000 900,000 82,156 709 82,865 28,212 28,212 (55,952) (6,714) (62,666) 1,484 (2,253) 769 (487) (487) 2007 3 31 5,245 (4,158) (1,087) 926,204 21,720 947,924 15,105 90,362 2,061 107,528 132,715 (132,715) (32) (242) 274 274,934 (1,026) 273,908 2008 3 31 5,213 (4,400) (813) 422,754 883,851 22,755 1,329,360 75
44. 2008 3 31 942,000,000 2007 1,001,000,000 25,000,0002007 24,000,000 21,000,000 2007 0.10 2006 4 12007 3 31 2008 3 31 3,000,000,000 300,000 2006 4 1 1,378,799,910 137,880 68,500,000 6,850 9,838,497 984 36,575,000 3,657 (2,000,000) (200) 2007 3 31 1,491,713,407 149,171 6,594,110 659 10,620,000 1,062 (1,834,000) (183) 2008 3 31 1,507,093,517 150,709 76
(a) (b) (c) 2007 10 112008 1 21 5,647,2662007 6,523,256 946,8442007 3,315,2410.1 2007 3 31 2007 9 30 1.50 3.00 10,620,000 0.10 1,834,000 0.1 2007 7 1,834,000 3.48 3.42 6,137 45. 2002 8 27 (i) (ii) 10%103,674,492 10% 30% 2003 200420052006 10% 2007 9 20 149,780,440 10% 77
1% 0.10% 5,000,000 (a) 2004 12 28 1.4.2006 31.3.2007 31.3.2008 28.12.2004 28.12.2004 to 26.8.2012 1.24* 22,100,000 (13,650,000) 8,450,000 8,450,000 28.12.2004 28.12.2004 to 26.8.2012 1.50* 22,100,000 (9,520,000) 12,580,000 (350,000) 12,230,000 44,200,000 (23,170,000) 21,030,000 (350,000) 20,680,000 * 2006 2 14 2006 3 310.70 0.70 78
(b) 2006 4 12008 3 31 1.4.2006 31.3.2007 31.3.2007 31.3.2007 31.3.2007 31.3.2008 31.3.2008 31.3.2008 31.3.2008 (i) 6.2.2006 6.2.2006 6.2.2006 to 5.2.2007 1.78 8,311,000 (8,286,000) (25,000) (ii) 6.2.2006 6.2.2007 6.2.2007 to 5.2.2008 2.50 8,325,000 (895,000) (275,000) 7,155,000 (1,449,000) (5,706,000) (iii) 6.2.2006 6.2.2008 6.2.2008 to 5.2.2009 3.00 8,325,000 (650,000) 7,675,000 (75,000) 7,600,000 (iv) 6.2.2006 6.2.2009 6.2.2009 to 5.2.2010 3.50 8,325,000 (650,000) 7,675,000 (75,000) 7,600,000 (v) 24.3.2006 24.3.2006 24.3.2006 to 5.2.2007 2.325 3,000,000 (2,874,000) (126,000) (vi) 24.3.2006 6.2.2007 6.2.2007 to 5.2.2008 2.50 3,000,000 (50,000) 2,950,000 (1,421,000) (1,529,000) (vii) 24.3.2006 6.2.2008 6.2.2008 to 5.2.2009 3.00 3,000,000 3,000,000 (375,000) 2,625,000 (viii) 24.3.2006 6.2.2009 6.2.2009 to 5.2.2010 3.50 3,000,000 3,000,000 (375,000) 2,625,000 (ix) 8.9.2006 8.9.2006 8.9.2006 to 7.9.2007 2.48 4,600,000 4,600,000 (4,600,000) (x) 8.9.2006 8.9.2007 8.9.2007 to 7.9.2008 2.48 4,600,000 4,600,000 4,600,000 (xi) 8.9.2006 8.9.2008 8.9.2008 to 7.9.2009 2.48 4,600,000 4,600,000 4,600,000 (xii) 8.9.2006 8.9.2006 8.9.2006 to 26.8.2012 2.43 1,300,000 1,300,000 1,300,000 (xiii) 8.9.2006 8.9.2006 8.9.2006 to 7.9.2007 2.43 4,750,000 (1,300,000) 3,450,000 (2,550,000) (900,000) (xiv) 8.9.2006 1.8.2007 1.8.2007 to 31.7.2008 2.43 1,500,000 1,500,000 1,500,000 (xv) 8.9.2006 1.8.2008 1.8.2008 to 31.7.2009 2.43 1,500,000 1,500,000 1,500,000 (xvi) 8.9.2006 1.8.2007 1.8.2007 to 31.7.2008 3.00 1,500,000 1,500,000 1,500,000 (xvii) 8.9.2006 1.8.2008 1.8.2008 to 31.7.2009 3.50 1,500,000 1,500,000 1,500,000 (xviii) 8.9.2006 8.9.2007 8.9.2007 to 7.9.2008 3.00 2,750,000 2,750,000 (900,000) 1,850,000 (xix) 8.9.2006 8.9.2008 8.9.2008 to 7.9.2009 3.50 2,000,000 2,000,000 (1,200,000) 800,000 (xx) 6.2.2007 6.2.2007 6.2.2007 to 26.8.2012 3.00 1,300,000 1,300,000 1,300,000 (xxi) 6.2.2007 6.2.2007 6.2.2007 to 5.2.2008 4.00 2,500,000 2,500,000 (2,500,000) (xxii) 6.2.2007 6.2.2007 6.2.2007 to 5.2.2008 3.00 1,020,000 1,020,000 (250,000) (770,000) (xxiii) 6.2.2007 6.2.2008 6.2.2008 to 5.2.2009 3.00 1,190,000 1,190,000 1,190,000 (xxiv) 6.2.2007 6.2.2009 6.2.2009 to 5.2.2010 3.50 1,190,000 1,190,000 1,190,000 (xxv) 30.4.2007 1.8.2007 1.8.2007 to 30.4.2008 3.50 1,500,000 1,500,000 (xxvi) 15.5.2007 15.5.2007 15.5.2007 to 14.5.2008 3.50 9,000,000 9,000,000 (xxvii) 15.5.2007 15.5.2007 15.5.2007 to 14.5.2009 3.50 6,000,000 6,000,000 (xxviii) 1.8.2007 1.8.2007 1.8.2007 to 31.7.2008 3.50 550,000 550,000 (xxix) 1.8.2007 1.8.2008 1.8.2008 to 31.7.2009 4.00 450,000 450,000 (xxx) 1.8.2007 1.8.2009 1.8.2009 to 31.7.2010 4.50 450,000 450,000 (xxxi) 18.9.2007 18.9.2007 18.9.2007 to 17.9.2008 3.546 3,900,000 3,900,000 (xxxii) 18.9.2007 18.9.2008 18.9.2008 to 17.9.2009 3.546 3,900,000 3,900,000 (xxxiii) 18.9.2007 18.9.2009 18.9.2009 to 17.9.2010 3.546 3,900,000 3,900,000 (xxxiv) 11.10.2007 11.10.2007 11.10.2007 to 10.10.2008 3.00 250,000 250,000 (xxxv) 11.10.2007 11.4.2008 11.4.2008 to 10.10.2008 3.00 150,000 150,000 (xxxvi) 11.10.2007 11.10.2008 11.10.2008 to 10.10.2009 3.50 150,000 150,000 (xxxvii) 11.10.2007 11.10.2009 11.10.2009 to 10.10.2010 4.00 200,000 200,000 45,286,000 37,800,000 (13,405,000) (1,726,000) 67,955,000 30,400,000 (10,270,000) (14,405,000) 73,680,000 25,275,000 44,665,000 79
3.00 4.5030,400,000 9,125,000 (xxv) (xxvi) (xxvii) (xxviii) (xxix) (xxx) (xxxi) (xxxii) (xxxiii) (xxxiv) (xxxv) (xxxvi) (xxxvii) 3.47 3.39 3.39 3.30 3.30 3.30 2.98 2.98 2.98 3.00 3.00 3.00 3.00 45% 45% 45% 41% 41% 41% 41% 41% 41% 41% 41% 41% 41% 1 1 2 1 2 3 1 2 3 1 1 2 3 3.942% 3.870% 3.880% 3.880% 3.959% 4,105% 3.840% 3.837% 3.898% 3.710% 3.710% 3.798% 3.881% 0.86% 0.88% 0.88% 0.91% 0.91% 0.91% 1.01% 1.01% 1.01% 1.00% 1.00% 1.00% 1.00% 0.703 0.590 0.497 0.591 0.667 0.323 0.548 0.725 0.522 0.522 0.571 0.616 (xxvi) (xxvii)8,000,000 6,000,000 15,170,000 2007 21,995,000 2.90 3.49 10,620,0003.26 3.25 80
2005 9 7 1.00 (i) (ii) 10%57,669,939 10% 30% 2007 9 4 10% 59,159,910 10% 1% 0.10% 5,000,000 81
1.4.2006 31.3.2007 31.3.2007 31.3.2007 31.3.2007 31.3.2008 31.3.2008 31.3.2008 31.3.2008 I 3.2.2006 3.2.2006 3.2.2006 to 6.9.2015 0.70 1,500,000 1,500,000 (1,000,000) 500,000 II 3.2.2006 1.1.2007 1.1.2007 to 6.9.2015 0.85 1,500,000 1,500,000 (1,000,000) 500,000 III 3.2.2006 1.1.2008 1.1.2008 to 6.9.2015 1.00 1,500,000 1,500,000 (1,000,000) 500,000 IV 9.2.2006 9.2.2008 9.2.2008 to 8.2.2009 0.90 8,000,000 (2,400,000) 5,600,000 (2,800,000) 2,800,000 V 13.7.2006 13.7.2006 13.7.2006 to 12.7.2008 1.00 3,000,000 (1,500,000) 1,500,000 (1,286,000) 214,000 VI 13.7.2006 13.7.2007 13.7.2007 to 12.7.2009 1.00 3,000,000 3,000,000 (1,500,000) 1,500,000 VII 13.7.2006 13.7.2008 13.7.2008 to 12.7.2009 1.00 2,000,000 2,000,000 2,000,000 VIII 30.5.2007 1.7.2007 1.7.2007 to 30.6.2008 1.34 1,500,000 1,500,000 IX 30.5.2007 1.7.2008 1.7.2008 to 30.6.2009 1.34 1,500,000 1,500,000 X 30.5.2007 9.2.2008 9.2.2008 to 8.2.2009 1.34 13,000,000 (1,700,000) 11,300,000 XI 8.6.2007 1.7.2007 1.7.2007 to 30.6.2009 1.36 2,000,000 2,000,000 XII 28.12.2007 1.6.2008 1.6.2008 to 31.5.2009 1.40 1,000,000 1,000,000 XIII 28.12.2007 1.9.2008 1.9.2008 to 31.8.2009 1.40 600,000 600,000 12,500,000 8,000,000 (1,500,000) (2,400,000) 16,600,000 19,600,000 (3,286,000) (7,000,000) 25,914,000 4,500,000 20,814,000 3,286,0001.30 1.33 1.36 VIII IX X XI XII XIII 1.31 1.31 1.31 1.32 1.40 1.40 52% 52% 52% 49% 51% 51% 0.6 1.5 1.2 1.1 1.0 1.0 4.06% 4.33% 4.32% 4.29% 2.54% 2.54% 6.87% 6.87% 6.87% 6.82% 6.43% 6.43% 0.180 0.272 0.255 0.217 0.244 0.244 82
4,697,000 2007 1,088,000 46. (a) 2006 5 12470,000,000 2006 92007 3 31 419,317 38,327 457,644 9,210 9,210 35,923 35,923 2,032 2,032 45,522 45,522 (28,212) (28,212) 464,839 57,280 522,119 (3,755) 518,364 344,828 24,434 118,227 30,875 518,364 369,262 83
120,000,0004.25 114.167%2007 3 31121,213,000 121,521,000 120,000,000 42 2007 3 31 2007 3 31 8,702,000 (b) 2007 6 111,793,000 PY Investments (Samoa) Limited 2,323,000 2008 1,290 1 (1,628) (193) (530) 2,323 1,793 1 (1,793) (1,792) 2008 3 31 2007 4 1 84
47. 47,109,000 2008 118,549 1,066 990 (2,056) (71,440) 47,109 990 (47,109) (46,119) 48. (a) (b) (c) 15 44 20082007 3 31 2007 3 31 68,500,000 2007 3 31 325,660,000 49. 85
2000 12 1 15,152,000 2007 10,582,000 50. 2008 2007 10,481 9,454 51. (a) 2008 2007 30,785 29,766 33,264 49,155 4,397 4,449 68,446 83,370 (b) 2008 2007 2,693 3,656 6,349 16 86
52. 2008 2007 149,667 482,195 467,615 49,836 35,268 34,269 42,601 9,981 7,827 17,007 24,137 172,863 66,834 915,818 644,282 53. 2008 2007 279,066 274,986 449,536 1,146,837 425,995 98,044 1,154,597 1,519,867 87
54. (a) 2008 2007 35 1,170 8,400 5,974 24,958 401 2,511 243 1,200 8,445 28,874 1,596 713 1,438 3,861 7,798 17 30 40 32 48 1,922 5,339 3,517 417 95 582 360 360 36,858 190 219 16,151 13,461 1,691 981 166 109 1,439 736 61 643 48 17 925 1,509 1,253 136 305 199,551 88
(b) 2008 2007 22,673 20,451 562 557 10,461 11,698 33,696 32,706 1.4.2007 31.3.2008 28.12.2004 28.12.2004 to 26.08.2012 1.24 6,500,000 6,500,000 28.12.2004 28.12.2004 to 26.08.2012 1.50 6,500,000 6,500,000 08.09.2006 08.09.2006 to 07.09.2007 2.48 4,600,000 (4,600,000) 08.09.2006 08.09.2007 to 07.09.2008 2.48 4,600,000 4,600,000 08.09.2006 08.09.2008 to 07.09.2009 2.48 4,600,000 4,600,000 18.09.2007 18.09.2007 to 17.09.2008 3.546 3,900,000 3,900,000 18.09.2007 18.09.2008 to 17.09.2009 3.546 3,900,000 3,900,000 18.09.2007 18.09.2009 to 17.09.2010 3.546 3,900,000 3,900,000 28.12.2004 28.12.2004 to 26.08.2012 1.24 650,000 650,000 28.12.2004 28.12.2004 to 26.08.2012 1.50 650,000 650,000 28.12.2004 28.12.2004 to 26.08.2012 1.24 650,000 650,000 28.12.2004 28.12.2004 to 26.08.2012 1.50 650,000 650,000 08.09.2006 08.09.2006 to 26.08.2012 2.43 1,300,000 1,300,000 06.02.2007 06.02.2007 to 26.08.2012 3.00 1,300,000 1,300,000 32,000,000 11,700,000 (4,600,000) 39,100,000 27 28 29 38 39 40 89
55. 2008 2007 3,027,107 2,721,326 (1,188,291) (983,761) 1,838,816 1,737,565 150,709 149,171 1,688,107 1,588,394 1,838,816 1,737,565 2006 4 1 169,129 4,940 1,505,813 1,679,882 (4,181) (4,181) (984) (984) 24,477 24,477 (635) (635) 22,181 22,181 59,597 (5,096) 54,501 192,701 192,701 (63) 63 (9,880) (9,880) (369,668) (369,668) 2007 3 31 415,627 21,962 1,150,805 1,588,394 (5,954) (5,954) (659) (659) 18,509 18,509 (388) (388) 15,478 15,478 30,088 (5,095) 24,993 8,482 8,482 (4,085) 4,085 84,305 84,305 (45,053) (45,053) 2008 3 31 438,714 8,482 28,260 1,212,651 1,688,107 90
56. (a) 2008 3 31 2007 2008 2007 2008 1 100 62.92 Corless Limited 2 100 100 63.74 62.92 10,000 100 100 100 100 8,800,000 100 100 100 100 66,650,000 75 75 75 75 13,332,000 75 75 75 75 4,300,000 100 100 41,000,000 100 100 100 100 1,200,000 100 100 100 100 Paul Y. Building Materials 2 100 100 63.74 62.92 Company Limited 2 100 100 100 100 Paul Y. - CREC (HK) 60 60 38.24 37.75 Joint Venture 91
2007 2008 2007 2008 20,000,000 99.9998 99.9998 63.74 62.92 2 100 100 63.74 62.92 1,000,000 102,000,000 100 100 63.74 62.92 42,000,000 100 100 63.74 62.92 298,649,000 63.74 62.92 63.74 62.92 36,000,000 100 100 63.74 62.92 2 100 100 63.74 62.92 2 100 100 63.74 62.92 2 100 100 63.74 62.92 50,000,000 92
2007 2008 2007 2008 60,000,000 100 100 63.74 62.92 Paul Y. Foundation Holdings 1 100 100 63.74 62.92 Limited 10,000,000 100 100 63.74 62.92 2 100 100 63.74 62.92 2 100 100 63.74 62.92 2 100 100 63.74 62.92 2 100 100 100 100 2 100 100 100 100 12,500,000 100 100 100 100 1 100 100 10,000,000 100 81.46 10,000,000 100 81.46 93
Paul Y. - CREC(HK) Joint Venture (i) (ii) (iii) (iv) (v) (vi) 100,000,000,000,000 100,000,000,000 10,000,000,000 2008 3 31 62,654,471 30,922,591 3,200,000 2008 3 31 94
(b) 2008 3 31 2007 2008 10,000,000 20.0 19.7 Gain Resources Limited 100 15.9 15.7 966,004,400 45 45 1 50 500,000 25.5 25.2 (c) 2008 3 31 2007 2008 Paul Y. - Penta-Ocean Joint 31.9 31.5 Venture 57. 2007 137,966,000 95
3. 20072008 9 30 2008 9 30 9 30 2008 2007 3 2,789,918 2,431,662 (2,620,604) (2,270,447) 169,314 161,215 4 41,491 50,807 (162,907) (135,763) (26,028) (22,199) (46,895) (1,843) (38,343) (23,630) 9 319,572 628,449 3,459 23,854 35,341 23 28 5 280,081 695,864 6 (152,233) (268,827) 127,848 427,037 74,063 312,160 53,785 114,877 127,848 427,037 7 12,833 22,467 8 4.9 20.9 4.9 20.5 96
30.9.2008 31.3.2008 9 1,687,316 1,230,351 10 713,943 718,611 11 3,619,171 3,281,039 107,860 172,031 223,168 78,770 64,693 63,969 62,737 61,402 12 788,602 744,213 2,010 1,987 814 1,081 32,888 32,222 2,906 2,863 7,306,108 6,388,539 13 540,817 173,626 2,394 2,343 25,497 20,171 30,000 18,000 315,829 296,753 57,920 59,777 263,384 201,589 14 2,481,926 2,421,568 44,456 61,255 56,635 56,635 22,899 22,268 1,607 3,261 113,152 34,269 374,940 438,878 256,966 162,541 4,588,422 3,972,934 97
30.9.2008 31.3.2008 754,953 804,442 15 2,325,483 1,903,832 180,306 50,291 22,840 1,041 138,969 133,051 96,434 103,987 16 997,638 839,410 4,516,623 3,836,054 71,799 136,880 7,377,907 6,525,419 16 1,240,069 966,198 124,804 120,551 77,336 17 1,511,730 1,329,360 2,953,939 2,416,109 4,423,968 4,109,310 18 150,839 150,709 3,436,870 3,226,376 3,587,709 3,377,085 4,633 5,280 831,626 726,945 4,423,968 4,109,310 98
2007 4 1 149,171 415,627 124,695 (343,326) (590) 4,794 74,260 21,962 2,325,259 2,771,852 981 476,016 3,248,849 29,161 29,161 6,843 36,004 (255) (255) (145) (400) 13,438 13,438 13,438 (255) 42,599 42,344 6,698 49,042 312,160 312,160 114,877 427,037 809 809 809 (2,743) (200) (2,943) (2,943) 650 650 373 1,023 554 (2,743) 43,049 312,160 353,020 121,948 474,968 (183) (5,954) (6,137) (6,137) 9,706 9,706 2,482 12,188 (551) 551 796 22,961 (4,097) 19,660 19,660 (189) 1,739 1,550 (293) (293) (293) 1,804 1,804 1,804 (22,467) (22,467) (22,467) (14,430) (14,430) 8,482 8,482 8,482 63,742 63,742 2007 9 30 149,784 432,341 124,695 (343,326) (36) 3,855 117,309 8,482 27,020 2,615,503 3,135,627 3,274 649,015 3,787,916 2008 4 1 150,709 438,714 124,695 (343,326) 709 10,638 295,462 8,482 28,260 2,662,742 3,377,085 5,280 726,945 4,109,310 62,385 62,385 15,632 78,017 (236) (236) (31) (267) 20,563 20,563 41 20,604 (236) 82,948 82,712 15,642 98,354 74,063 74,063 53,785 127,848 (236) 82,948 74,063 156,775 69,427 226,202 10,928 10,928 436 11,364 (9,990) 9,990 312 312 (499) 187 130 1,651 1,781 1,781 (584) 4,273 3,689 (210) (210) (210) 41,038 41,038 41,038 12,833 (12,833) (12,402) (12,402) 4,604 4,604 38,592 38,592 2008 9 30 150,839 440,155 124,695 (343,326) 473 51,676 378,410 8,482 29,198 12,833 2,734,274 3,587,709 4,633 831,626 4,423,968 99
9 30 2008 2007 (13,201) (25,891) (204,906) (432,497) (12,224) (13,442) 19 6,168 (1,892) 88,250 8,860 346 1,623 (78,883) 1,246 (33,866) (46,330) (323,365) (394,182) 928,401 796,397 38,592 63,742 3,689 1,550 1,781 19,660 (531,457) (449,569) (74,908) (44,418) (1,006) (3,030) (210) (293) (6,137) (2,563) 364,882 375,339 28,316 (44,734) 2,171 2,769 601,419 716,334 631,906 674,369 374,940 393,921 256,966 285,231 (4,783) 631,906 674,369 100
1. 16 34 2. 2008 3 31 2008 4 1 1 1 2 23 2 27 3 321 2 39 3 1 27 2 2 2 3 3 8 2 13 4 15 2 16 5 1 52009 7 12009 1 1 2 2009 1 1 3 2009 7 1 4 2008 7 1 5 2008 10 1 101
32009 7 1 27 3. 2007 9 30 2008 9 30 2,479,495 19,320 53,239 220,703 15,553 1,608 2,789,918 1,902 740 (2,642) 2,479,495 21,222 53,979 220,703 15,553 1,608 (2,642) 2,789,918 42,874 (2,578) 4,981 10,079 16,444 319,810 (3,710) 387,900 (75,053) 17,483 (38,343) (35,783) 6 (161) 24,013 (4) 23,854 23 23 280,081 (152,233) 127,848 102
2007 9 30 2,187,617 26,181 31,425 154,156 32,283 2,431,662 2,751 1,194 (3,945) 2,187,617 28,932 32,619 154,156 32,283 (3,945) 2,431,662 44,255 4,546 (6,668) (3,095) 30,966 629,161 (110) 699,055 (61,070) 27,285 (23,630) 5,065 10,331 10,331 3,459 3,459 20 83 19,139 16,099 35,341 28 28 695,864 (268,827) 427,037 ( ) 103
4. 9 30 2008 2007 17,483 27,285 13,590 6,953 10,331 5,065 2008 9 30 13,590,000 (2007) 5. 9 30 2008 2007 784 690 2,397,046 2,109,799 208,511 144,889 35,783 36,593 35,435 (1,088) (949) (633) (826) (359) (160) 34,513 33,500 1,389 10,100 903 897 104
6. 9 30 2008 2007 8,739 6,370 84,188 138,472 59,306 123,985 143,494 262,457 152,233 268,827 7. 1994 1 1 1995 1 27 30% 60% 9 30 2008 2007 2008 3 310.85 2007 2007 3 311.5 12,833 22,467 2008 3 31 2008 9 18 1.0 1 2008 9 26 2009 9 25 2008 9 5 2008 9 30 2007 9 30 1.522,586,000 105
8. 9 30 2008 2007 74,063 312,160 3,518 74,063 315,678 2008 2007 1,507,974,391 1,492,852,828 1,115,237 19,822,690 25,216,275 1,509,089,628 1,537,891,793 9. 100,134,000 31.3.2008 378,551,000 2008 9 30 319,572,000 2007 628,449,000 106
10. 12,224,000 2007 152,303,000 349 11. 30.9.2008 31.3.2008 1,534,002 1,631,465 2,085,169 1,649,574 3,619,171 3,281,039 2004 4950 12. 30.9.2008 31.3.2008 494,343 499,343 294,259 244,870 788,602 744,213 2008 9 30 45% 107
13. 438,943,000 31.3.2008: 173,626,000 101,874,000 31.3.2008 14. 30 90 803,963,000 31.3.2008 882,254,000 30.9.2008 31.3.2008 90 646,156 807,265 90 180 3,786 16,366 180 154,021 58,623 803,963 882,254 15. 412,371,000 31.3.2008 471,022,000 30.9.2008 31.3.2008 90 395,928 450,612 90 180 835 7,379 180 15,608 13,031 412,371 471,022 108
16. 928,401,000 2007 796,397,000 531,457,000 2007 449,569,000 2008 9 30 997,638,000 31.3.2008: 839,410,000 1,240,069,000 31.3.2008: 966,198,000 2008 9 30 1,568,864,000 31.3.2008: 1,225,901,000 17. 2008 4 1 422,754 883,851 22,755 1,329,360 13,035 25,196 645 38,876 36,294 (36,294) 143,936 (442) 143,494 2008 9 30 616,019 872,753 22,958 1,511,730 18. 0.10 2008 4 12008 9 30 3,000,000,000 300,000 2008 4 1 1,507,093,517 150,709 1,300,000 130 2008 9 30 1,508,393,517 150,839 2.00 3.0085,684,000 15,942,000 2008 3 31 7 2008 9 19 6 7 7 6 109
19. 2008 9 9 Feeder Port Holdings Limited Feeder PortFeeder Port50% 87.5% 15,000,000 2008 9 17 Feeder Port 2008 494 143,976 20,758 15,063 6,168 (122,748) 63,711 (4,604) 59,107 7,302 15,000 36,805 59,107 6,168 20. 30.9.2008 31.3.2008 294,236 279,066 228,414 449,536 33,756 425,995 169,772 726,178 1,154,597 11,835 10,481 110
21. (a) 9 30 2008 2007 1,170 5,776 12,964 15,570 3,861 1,922 2,544 13,820 5,825 1,817 5,412 (b) 9 30 2008 2007 11,323 10,527 243 278 6,777 5,906 18,343 16,711 22. 2008 3 31 111
4. 2009 4 30 30.032.54 500 26.14 20.22 2008 9 30 2009 4 30 1.301.22 2010 4 5114.167% 2009 4 30 12,000,000 23,000,000 2009 4 30 2009 4 30 2009 4 30 5. 6. 2008 9 302008 9 30 74,000,0002007 9 30 76% 2008 3 31 7. 112
2008 9 30 2008 9 301,8002007 700 2008 9 302,5002007 2,0002008 9 307,0002007 6,800 20084% 2,90013% 210,000 2008 9 51%2009 4 1760%40%2009 10 2008 9 30 1,0002007 300 2008 9 301,6002007 3,100 2008 9 303.5331.3.2008 3.40 3% 31.3.2008 3% 113
2008 9 30 3.162007 6.29 1.95 2007 4.16 3.2 (2007 6.28 2008 9 30 24.992007 22.1413% 4,0002007 4,900 2,500 2008 9 30 10.85 8. 2008 4 2009 114
1. 2008 9 30 4.29 0.12 3,019,350,218 2008 9 30 2008 9 30 2008 9 30 2008 9 30 2008 9 30 2008 9 30 3,587,709 (100,305) 3,487,404 350,000 3,837,404 2008 9 30 2.31 2008 9 30 3,019,350,218 0.85 115
(1) 2008 9 302008 9 30 (2) 64,693,000 62,737,000 24,260,000 2,865,000 (3) 350,000,000 0.12 3,019,350,218 12,000,000 (4) 2008 9 30 1,509,675,109 (5) 4,529,025,327 3,019,350,218 1,509,675,109 116
2. 0.12 2009 6 12 115 116 429 7 429(7) 300 429(1) 2008 9 30 117
a) b) c) 429(1) 2009 6 12 118
1. 42A 2. (a) 119
120
(aa) (bb) (cc) (dd) (ee) (ff) (5) 121
(gg) (hh) 122
(14) 123
(b) (c) (i) (ii) (iii) (iv) (v) (vi) (vii) (d) 124
(e) (21) (95%) (21) (f) (i)(ii) (iii) (iv) (v) 5% 125
(g) 15 (h) (21) 126
(i) (e) (21) (14) (j) 127
(30) (k) (l) (m) (i) (ii) (a) (b) (1) (6) 128
(n) (o) 20 (20%) 20 (14) 20 (20%) (p) 10 12 (q) 129
(r) 4(e) (s) (t) (i) (ii) (iii) (3) (u) 10 12 130
3. (21) 95%(21) 4. (a) (i) (ii) (aa) (bb) (iii) 131
(b) (c) (i)(ii) (iii) (i) (ii) 42A (d) (i) (ii) 54 132
(e) (f) (g) (i) (ii) (iii) 133
(5) (21) (7) (h) (21) (7) (15) 134
(i) (j) 1966 2016 3 28 (k) (l) (20%) (a) (b) (c)98(2)(c) 135
(m) (2) (14) (2) 87A (n) 136
5. 137
1. 2. 10,000,000,000 0.10 1,000,000,000.0 1,509,675,109 150,967,510.9 3,019,350,218 301,935,021.8 4,529,025,327 452,902,532.7 1. 121,521,4984.135 29,388,511 2. 250,117,3271.00 250,117,327 3. 116,815,166 138
3. XVXV78 352 (A) (1) 1 3,942,105 0.09% 2 518,340,589 11.44% 3 944,961,161 20.86% 4 404,512,565 8.93% 5 5 3,900,000 0.09% 6 1. 2. 2,628,070 3. TL 9,491,650 TL 504,103,114 4. CC 23,957,354 CC 909,025,130 809,025,130 139
5. 404,512,565ITC Investment Holdings LimitedITC Investment Hollyfield Group LimitedHollyfield Galaxyway Investments LimitedGalaxyway 30.08% 4.69% 34.77%Hollyfield 404,512,565 6. 2,600,000 (2) 28.12.2004 28.12.2004 26.08.2012 1.0628 7,583,333 0.167% 28.12.2004 28.12.2004 26.08.2012 1.2857 7,583,333 0.167% 08.09.2006 08.09.2008 07.09.2009 2.1257 5,366,667 0.118% 18.09.2007 18.09.2008 17.09.2009 3.0394 4,550,000 0.100% 18.09.2007 18.09.2009 17.09.2010 3.0394 4,550,000 0.100% 28.12.2004 28.12.2004 26.08.2012 1.0628 758,333 0.016% 28.12.2004 28.12.2004 26.08.2012 1.2857 758,333 0.016% 08.09.2006 08.09.2006 26.08.2012 2.0828 1,516,667 0.033% 06.02.2007 06.02.2007 26.08.2012 2.5714 1,516,667 0.033% (3) 1 219,005 0.004% 790,970 0.017% 1,996,446 0.044% 67,418,760 1.488% 2 2 216,666 0.004% 140
1. 2. 67,418,760ITC Investment Hollyfield Galaxyway 30.08%4.69% 34.77%Hollyfield 67,418,760 (B) 08.06.2007 01.07.2007 30.06.2009 1.36 500,000 0.083% XVXV78 352 141
4. XV23 10% (A) (1) 946,957,607 20.91% 1 2 471,931,325 10.42% 3 4 2 1,418,888,932 31.33% 3 5 2 471,931,325 10.42% 3 4 2 ITC Investment 471,931,325 10.42% 3 4 2 Hollyfield 471,931,325 10.42% 3 4 2 548,764,892 12.11% 6 2 Daniel Saul Och 545,495,878 12.04% 7 8 2 Och-Ziff Capital 545,495,878 12.04% Management Group LLC 7 8 2 Och-Ziff Capital Och-Ziff Holding 545,495,878 12.04% Corporation 7 8 2 Och-Ziff Holding OZ Management, L.P. 545,495,878 12.04% OZ Management 7 8 2 142
OZ Asia Master 296,822,037 6.55% Fund, Ltd. 7 9 2 OZ Asia OZ Master Fund, Ltd. 228,662,078 5.05% OZ Master 7 10 2 Third Avenue 485,314,668 10.72% Management 11 12 2 Third Avenue Fund 485,270,668 10.71% 11 13 2 725,000,000 16.01% 14 2 Get Nice Incorporated 725,000,000 16.01% Get Nice 14 2 725,000,000 16.01% 14 2 2,315,691,428 51.13% 15 16 2 2,315,691,428 51.13% 15 16 2 2,315,691,428 51.13% 15 16 2 1. 944,961,161 1,996,446CC CC 2. 3. ITC Investment Hollyfield 471,931,325ITC Investment Hollyfield 471,931,325 Galaxyway 30.08% 4.69% 34.77%Hollyfield Hollyfield 471,931,325946,957,607 143
4. 404,512,565 67,418,760 5. 1,349,473,726 69,415,206 CCCC 6. 518,340,589 29,633,333 790,970TL TL 7. Och-Ziff HoldingOch-Ziff Capital OZ ManagementOZ Asia OZ Master Daniel Saul Och Och-Ziff Capital 79.10% Daniel Saul Och Och-Ziff Capital Och-Ziff Holding OZ Management OZ Asia OZ Master OZ Management 8. 521,758,467 23,737,411OZ OZ 347,838,978 9. 283,905,510 12,916,527 10. 218,711,601 9,950,477 11. Third Avenue ManagementThird Avenue Fund Third Avenue ManagementThird Avenue Fund Third Avenue Management 12. 475,758,107 9,556,561 Third Avenue Third Avenue Fund Third Avenue 317,142,738 13. 475,714,107 9,556,561 Third Avenue Third Avenue Fund Third Avenue 317,142,738 14. Get Nice 725,000,000 Get Nice 725,000,000 15. 16. 144
(B) Feeder Port Holdings Limited Glorious Crown Asia 12.5% Pacific Development Limited 25.0% 25.0% 10.0% Paul Y. Concentric Joint Venture 49.0% Paul Y. - CCECC Joint Venture 40.0% 30.0% Paul Y. CREC Joint Venture 30.0% Paul Y. CREC (HK) Joint Venture 40.0% Paul Y. MacDow Joint Venture McConnell Dowell Constructors 49.0% (Aust) Pty Limited Paul Y ISG Joint Venture ISG Asia (Macau) Limited 40.0% JV 49.0% JV 26.6% Skynet Limited Icon Master Enterprises Limited 18.1% XV23 10% 5. (i) (ii) 2008 3 31 145
6. 2008 3 31 7. 8. 9. (i) (ii) 2008 9 2 114,000,000130,000,000 51% 10. Clarendon House 2 Church Street Hamilton HM 11 Bermuda 51 31 146
Butterfield Fulcrum Group (Bermuda) Limited Rosebank Centre 11 Bermudiana Road Pembroke HM 08 Bermuda 28 26 51 31 51 31 51 31 LLB 51 31 1 26 1-3 11 Conyers Dill & Pearman 8 2901 3 21 147
148 88 1 35 1 9 18 55 8 56-63 25 7088 232 99 18 83 55 10 161
149 OBE, JP 51 31 51 31 12 30 51 31 51 31 GBS, JP 51 31 51 31 51 31 51 31
150 51 31 51 31 51 31 51 31 51 31 51 31 51 31 51 31 51 31 51 31 51 31
151 51 31 51 31 51 31 OBE, JP 68 2004 9 2005 7 (00049.HK) (00025.HK) (00240.HK) (01098.HK) 58 36 1991 (00577.HK)(03323. HK) 54 29 1987 2005 7 (00372.HK) (00275.HK)2008 9(00235.HK) 2006 6 73 1993 20
54 2004 9 32 (00850.HK) GBS, JP 59 2006 8 2005 1132 1973 61996 6 (00617.HK) 74 2007 11983 1987 1985 6 1987 19931112 19932001 19952003 41 2003 39 2008 152
44 2004 22 35 2008 10 37 2007 15 44 2006 47 1989 19821989 39 2006 17 43 2008 50015 153
38 2006 12 40 1993 16 38 2005 15 37 2006 2008 3 15 2002 40 2006 18 34 2006 500 58 2004 25 154
11. 12. 12,000,000 13. 342C 14. 44A 44B 15. 2009 7 3 51 31 (a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k) 2006 3 312007 3 312008 3 31 2008 9 30 2008 8 1 10% 2008 9 2351% 2008 9 26 155