606
XIANGRUI 2009 2009 61.2%48.7% 2009 2009 2009 26,811.8 4.3% 3.9% 7,750.6 11.6% 9.8% 2010 2010 2009 336,000,000 241,050,000 35,600,000 26,110,000 409,830,000 260,000,000 136,000,000
2009 2009 2009 2009 2009 2009 4,106.8 18.0% 8.2% 3,661.0 9.3% 3.1% 1,497.8 7.6% 0.5% 2010 2010 2009
2 Patrick Vincent VIZZONE Patrick Vincent VIZZONE Patrick Vincent VIZZONE Patrick Vincent VIZZONE 262 33 262 31 28 26 852 2833 0606 852 2833 0319 ir@cofco.com http://www.chinaagri.com
2009 2008 2007 2006 2005 43,827,891 41,802,056 28,869,244 17,899,323 13,813,171 2,219,513 4,604,226 1,325,771 978,554 343,631 (239,121) (388,964) (320,416) (200,463) (132,636) 355,168 133,403 269,568 201,045 82,172 2,335,560 4,348,665 1,274,923 979,136 293,167 (291,980) (883,516) (25,500) (129,598) (51,370) 2,043,580 3,465,149 1,249,423 849,538 241,797 64,541 41,558 2,043,580 3,465,149 1,249,423 914,079 283,355 1,952,042 2,624,937 1,100,363 755,416 254,879 91,538 840,212 149,060 158,663 28,476 2,043,580 3,465,149 1,249,423 914,079 283,355 36,091,614 28,266,528 21,600,468 15,461,037 10,200,516 (17,696,077) (12,321,097) (9,848,087) (8,371,870) (7,304,786) (2,565,491) (2,343,009) (1,352,110) (1,120,240) (903,633) 15,830,046 13,602,422 10,400,271 5,968,927 1,992,097 3
2009 12 31 2009 2008 % 43,827.9 41,802.1 4.8% 26,811.7 27,539.5 (2.6%) 4,106.8 3,383.0 21.4% 3,661.0 3,248.9 12.7% 7,750.6 5,824.5 33.1% 1,497.8 1,806.2 (17.1%) 2,137.4 4,524.8 (52.8%) % 4.9 10.8 2,335.6 4,348.7 (46.3%) 1,952.0 2,624.9 (25.6%) 0.5174 0.73 (29.1%) 0.5171 0.126 0.136 (7.4%) 36,091.6 28,266.5 27.7% 15,830.0 13,602.4 16.4% 10.20 3.85 164.9% 39,357.6 13,836.5 184.4% 4
41,802 43,828 2,625 28,869 1,952 13,813 17,899 755 1,100 255 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 36,092 15,830 28,267 13,602 21,600 10,400 15,461 10,201 5,969 1,992 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 5
6
2009 5,580 240 600 360 3,600 600 180 1,530 120 120 240 120 570 300 60 380 180 200 400 400 1,850 1,250 600 150 150 525 220 75 230 1,771 340 110 280 180 170 220 216 105 150 59.7 24 22.5 7.2 6 1.98 1.98 660 360 300 7
8
2009 2010 3 30 9
10
11 2008 9 2009 2009438.279 20084.8% 19.52025.6% 2009 5.96.7 12.62008 13.6 2008 20092008 2004 20042009 27.1% 71.7% 2009 2010 2011 5.5848.4% 8.28 2010 3 30
12
2007 3 2009 2009 6 2009 2009 7 2008 Vision Awards League of American Communications Professionals LLC 2009 8 2009 ARC Mercomm, Inc. 2009 8 2009 2009 10 2010-2012 2009 10 2009 GALAXY Mercomm, Inc. 2009 11 2009 2009 12 2009 2009 12 2009 13
14
200961.2% 48.7% 2009 2008 2,031.6 13,868.4 1,512.8 14,064.6 34.3% -1.4% 702.4 4,767.5 505.0 4,848.3 39.1% -1.7% 557.3 3,190.6 405.0 3,298.7 37.6% -3.3% 162.0 1,240.2 67.1 691.1 141.4% 79.5% 476.8 4,023.0 395.9 4,247.8 20.4% -5.3% 133.1 647.1 139.8 978.7-4.8% -33.9% 3,889.5 12,449.2 3,152.8 10,982.5 23.4% 13.4% 494.2 2,492.4-80.2% 26,811.8 27,539.5-2.6% 2008 2009 2008 2.6% 268.11811.5% 4.3% 15
2009 2009 12 558 153 2009 4 2009 644 22% 1,000 2011 2009 31.5% 92.5% 16
240 600 360 3,600 600 180 5,580 120 120 240 120 570 300 60 1,530 17
4,000/ 4,000/ 2010 1,000/ 1,000/ 2010 4,000/ 4,000/ 2010 4,000/ 4,000/ 2011 1,000/ 1,000/ 600/ 2010 18
A A A A B E 19
20
2009 ISO9001 HACCP ISO14001 OHSMS18001 AIB 21
22
2009 2008 357.2 1,964.4 303.7 1,562.3 17.6% 25.7% 117.1 534.5 87.8 419.7 33.4% 27.4% 30.8 161.7 67.6 387.4-54.4% -58.3% 72.4 453.1 57.7 462.2 25.5% -2.0% DDGS 317.4 546.9 294.3 497.6 7.8% 9.9% 111.1 337.9-67.1% 3,771.7 3,667.1 2.9% (15.2) 3,756.5 3,667.1 2.4% 200938 23
180 200 380 400* 400 * 90 90 2009 5.618 6.9%2008 10.1% 2008 10.5% 7,000 6,000 5,000 4,000 3,000 1 2 3 4 5 6 7 8 9 10 11 12 2009 24
2008 2009 2009 150 76.0 2009 2008 1,149.1 2,529.4 755.4 1,537.2 52.1% 64.5% 424.7 864.3 298.5 626.6 42.3% 37.9% 202.6 472.5 133.9 4,000.1 2,163.8 84.9% (6.0) (6.4) 3,994.1 2,157.4 85.1% 25
F42 F55 48 15 2009 65 15 2009 80% 2009 185 200854.2% 26
600 600 * 650 1,850 * 20096,000 150 150 2,000 2011 2,000 2011 27
GB10343-2008 2005 95% v/v 99.9% V/V F42 F55 28
DDGS DDGS 22 25 29
3-5% 8.4% 10% 30
58.7 95 GB10621-2006 2009 ISO9001 ISO22000 ISO14001 GB/ T28001 ISO9001 ISO22000 5S 31
QS2201 2301 0013 ISO 9001 00208Q16192RIM ISO 22000 00208F10280ROM QS2203 2301 0012 QS2203 2302 0004 IRS 018 ISO 9001 CN08/10380 ISO 22000 CH08/0724 ISO 14001 CN08/10376 OHSAS 18001 CN08/10375 HALALC2009-201 KOSHER XK16-218-00019 XK13-217-00471 ISO9001 00608Q10025R2L LB-10-0904081204A LB-10-0904081205A LB-57-0804071188ALB-57-0804071189A F42LB-57-0804071190A F55LB-57-0804071191A LB-55-0804071192A QS2203 2301 0005 QS2203 2302 0001QS2203 0201 0726 JRS004 ISO 9001 00609Q21172R4M ISO 22000 00207F10220R0M LB-10-0902072298A LB-10-0902072299A 32
QS3116 2302 0004 ISO 9001 00207Q16024R0M ISO 22000 00207F10213R0M ISO 22000 00207E21097R0M OHSAS 18001 00207S10571R0M HALAL28019/1/1 KOSHER QS22-10201-01074 QS22-10101-01612 QS22-10202-00225 ISO 9001 00107Q125918R1S/2200 33
34
2009 200833.83021.4% 41.068 2009 2008 701.4 2,941.3 738.3 2,576.8-5.0% 14.1% 229.1 849.0 177.0 806.2 29.4% 5.3% 316.5 4,106.8 3,383.0 21.4% 2009 52.5 220 75 230 525 35
200976.4 58.7 76.8%2008 25.8% 2009 2008 23.1% 34.052.5 50.1% 20 1,000 228,000 359,000 342,000 36
2009 34.32008 176.6% 29.3% 200816.7 + 40.0 2009 OEM + + 2009 80.0 20.0 37
2006 200911400 600 5,000 15,000 AC 2009 2009 201060.0 2014 200.0 85.5 38
C 300 2010 1,200 2010 450 2010 450 2010 35.2% 2010 39
B 40
2006 5ISO9001 2006 8 HACCP 2004 1 2004 8 QS 2001 ISO9001\14001 2003 ISO9001 ISO14001 2003 QSC 2003 HACCP2007 22000 2006 AIB 2008 3 2008 6 QS 2008 2009 11ISO/HACCP 41
42
2009 200912.7% 36.610 2009 2008 1,075.9 2,852.3 1,071.3 2,572.8 0.4% 10.9% 727.1 2,084.3 751.3 1,902.3-3.2% 9.6% 348.8 768.0 320.0 670.5 9.0% 14.5% 41.5 147.6 49.4 154.6-16.0% -4.5% 661.2 521.5 26.8% 3,661.1 3,248.9 12.7% (0.1) 3,661.0 3,248.9 12.7% 43
2009 2009 2009 5.92.1 2010 6 24 44
340 110 180 100 180 170 220 216 150 105 1,771 24 22.5 7.2 6 59.7 45
1.98 1.98 800 2010 2010 100% 46
47
100% 48
ISO9000 HACCP QS ISO9001: 2000 HACCP ISO14001QS ISO9000 ISO14000 HACCPQS ISO9000 HACCP QS ISO9000 HACCP QS ISO9000 HACCP QS ISO9000 ISO14000 ISO18000 HACCP QS ISO9000 HACCP QS ISO9000 HACCP QS 49
50
2009 4,236.4 20087.1% 43.14200811.1% 29.42 13.72 200854.2%30.5% 2009 200818.06217.1% 14.978 51
2009 2008 431.4 1,472.7 388.3 1,786.7 11.1% -17.6% 294.2 898.3 190.8 911.9 54.2% -1.5% 137.2 574.4 197.5 874.8-30.5% -34.3% 25.1 19.5 28.7% 1,497.8 1,806.2-17.1% 52
200966 2010 7 74 360 120 180 660 2009 53
54
ISO9001 2000HACCP EBC ASBC 55
38.5% 2.391 2009 2009 12 31438.279 2008418.0214.8% 2.920 20088.835 67.0% 10 61.2% 2008 65.9%48.7% 200872.0% 2009 12 31 19.520200826.249 6.729200873.0 200951.7 2008 2009 56
57 2009 343,000176.6% 18.0% 200822.8% 2009 36.610 200832.489200812.7% 9.3% 20089.6% 2009 2009 200818.062 200914.9787.7 268.118 2008 275.395 2.6% 2008 2008 11.5%4.3% 200858.245 77.506 33.1% 200810.4%11.6% 200833.830 41.068 2009
2009 12 31 7.98 2009 4 1790.8 2009 4 28 10.308 Kindgain Limited Uptech Investments Limited Cheerlink International Limited Parkwing Limited 3.69263,626,483 3.91 1.279 2009 9 30 94.2 100% 2009 12 18 COFCO (BVI) No.84 Limited 1.548 2010 1 26 2009 12 31 55.391 200849.580 31.163 2008 21.109 58
2009 12 31 128.293 200863.761 91.3% 200881.9% 8.7% 200818.1% 111.18186.7% 200844.404 69.6%2009 12 31 3.917 200812.998 2009 12 31 19.500 2008 20092008 12 31 2009 2008 46.1 % 10.4% 1.38 1.58 2009 12 31 72.902 200814.181 2009 12 31 25.747 200810.735 2009 2008 817.5 563.0 1,317.5 104.7 187.7 69.9 88.0 22.5 158.1 313.1 5.9 0.3 2,574.7 1,073.5 59
2009 12 31 64.443 200822.365 2009 2008 5,442.9 2,007.7 1,001.4 228.8 6,444.3 2,236.5 2009 12 3116,485 2008 15,081 2009 2008 7,910 7,105 3,790 3,602 1,063 726 3,095 3,075 544 496 83 77 16,485 15,081 2009 12 31 7.136 20086.557 66.42008 43.9 2007 1 12 60
2009 12 31 14 2009 6 9 2009 2 2009 10 61
10 2009 12 31 62
15 3/4 2/9 4/4 6/9 4/4 6/9 3/4 2/9 3/4 6/9 3/4 4/9 4/4 2/2 9/9 4/4 2/2 9/9 Patrick Vincent VIZZONE 4/4 2/2 9/9 63
14 3 Patrick Vincent Vizzone 3.13 64
106 106 2010 2007 2 16 Patrick Vincent Vizzone 65
2010 2 2 100% 2 2 100% 2 2 100% 2 2 100% Patrick Vincent VIZZONE 2 2 100% Patrick Vincent Vizzone 2010 4 22 2007 2 16 66
2 2 100% 2 2 100% 2 2 100% 2 2 100% Patrick Vincent VIZZONE 2 2 100% 2007 2 Patrick Vincent Vizzone 3.21 67
19 4 * 1 ** 4 1 ** * ** 1 1 1 5 5 100% 5 5 100% Patrick Vincent VIZZONE 5 5 100% 5 2 40% 5 5 100% 68
69 2009 2 27 5.571.09 2009 12 31 2010 3 302009 12 31 108 109
COSO (Committee of Sponsoring Organisations of the Treadway Commission) 50 70
71 2009 2009 www.chinaagri.com
20 45% 35% 9.16% 5.4% 20% 85.39% 72
2008COSO 2009 2009 200908 2008 73
Risk Control Matrix, RCM 219 50 (KRI) 2009 34 KRI KRI KRI (KRI) 34 18617 74
6S 2009 2010 2010 75
512007 12004 12 2005 1 ; 2009 10 23Wide Smart Holdings LimitedWide SmartWide Smart 1999 62004 12 Hutchison Ports Yantian Investments Limited Smithfield Foods, Inc. 2009 8 27 76
442007 11988 2007 4 2006 12007 3 Wide Smart COFCO (BVI) No. 108 Limited (EMBA) 422007 1 19932003 3 462007 1 2005 112007 22007 11 2008 2 20 77
472007 12003 8 2004 10 1993 62003 3 (EMBA) 452007 11988 8 2005 12 2005 72007 1 2010 3 1 (EMBA) 78
562007 1 20 2000 Kleinwort Benson Group 642007 1 2008 3 17 2009 10 1 Eupa International Corporation Patrick Vincent VIZZONE382007 6 Vizzone Monash UniversityManchester Business School Patrick Vincent VIZZONE VizzoneGE Capital Asia GEVizzone Rabobank International AsiaRabobank International Vizzone Shanghai Asia-Pac International Vegetable Co.China Green Concepts 79
46 1989 8 2000 8 2001 8 2006 11 (EMBA) 421989 8 2000 7 (EMBA) 382006 10 500 80
491986 12 39 2007 441999 371995 81
432005 CR Alcohol (EMBA) 38 1993 39 1992 82
452006 481985 7 BNU 45 1993 10 2008 83
2009 12 31 2006 11 18 2006 12 29 2007 1 9 2007 3 21 2009 12 31 110196 2010 5 25 2009 12 31 5.9200813.6 2010 6 25 3 14 28 84
2007 1 12 2007 3 21 1. 2. (i) (ii) (iii) 3. 10% 10% 25,843,700 0.67% 4. 12 1% 5. 7 7 85
6. 33% 67% 100% 7. 8. 28 1.00 (a) (b) (c) 86
9. 10. 2017 3 20 2009 12 31 2009 2009 (HK$) 1 1 12 31 (A) 07/08/2007 4.666 07/08/2009 07/08/2009 06/08/2014 231,000 231,000 07/08/2010 07/08/2010 06/08/2014 238,000 238,000 07/08/2011 07/08/2011 06/08/2014 231,000 231,000 700,000 700,000 07/08/2007 4.666 07/08/2009 07/08/2009 06/08/2014 231,000 231,000 07/08/2010 07/08/2010 06/08/2014 238,000 238,000 07/08/2011 07/08/2011 06/08/2014 231,000 231,000 700,000 700,000 07/08/2007 4.666 07/08/2009 07/08/2009 06/08/2014 214,500 130,000 84,500 07/08/2010 07/08/2010 06/08/2014 221,000 221,000 07/08/2011 07/08/2011 06/08/2014 214,500 214,500 650,000 130,000 520,000 07/08/2007 4.666 07/08/2009 07/08/2009 06/08/2014 214,500 214,500 07/08/2010 07/08/2010 06/08/2014 221,000 221,000 07/08/2011 07/08/2011 06/08/2014 214,500 214,500 650,000 650,000 07/08/2007 4.666 07/08/2009 07/08/2009 06/08/2014 198,000 198,000 07/08/2010 07/08/2010 06/08/2014 204,000 204,000 07/08/2011 07/08/2011 06/08/2014 198,000 198,000 600,000 600,000 07/08/2007 4.666 07/08/2009 07/08/2009 06/08/2014 198,000 198,000 07/08/2010 07/08/2010 06/08/2014 204,000 204,000 07/08/2011 07/08/2011 06/08/2014 198,000 198,000 600,000 600,000 87
2009 2009 (HK$) 1 1 12 31 (B) 07/08/2007 4.666 07/08/2009 07/08/2009 06/08/2014 7,745,100 922,000 92,400 6,730,700 07/08/2010 07/08/2010 06/08/2014 7,979,800 191,600 7,788,200 07/08/2011 07/08/2011 06/08/2014 7,745,100 190,300 7,554,800 23,470,000 922,000 474,300 22,073,700 27,370,000 1,052,000 474,300 25,843,700 1. 5 2. 2007 8 6 4.501,052,000474,300 3. 29 30114 2009 12 3179B 9.149 37.572 20.8% 30.4% 8.3% Archer Daniels Midland Company 5% 88
Patrick Vincent Vizzone 106 76 83 2009 12 31 89
2009 12 31 XV XV 78 352 2009 12 31 700,000 700,000 0.02% 700,000 700,000 0.02% 520,000 520,000 0.01% 650,000 650,000 0.02% 600,000 600,000 0.02% 600,000 600,000 0.02% 1. 2009 12 31 3,858,584,839 87 90
2009 12 31 880,000 880,000 0.03% 1. 2007 9 274.952 2. 2009 9 272014 9 26 3. 2009 12 31 2,791,512,076 2009 12 31 XV23 336 Wide Smart Holdings 1,922,550,331 (1) 49.83% Limited Wide Smart COFCO (BVI) No. 108 140,000,000 (1) 3.63% Limited COFCO BVI 273,764,483 (1) 7.09% 2,062,550,331 (1) (2) 53.45% 2,336,314,814 (1) (3) 60.55% 91
(1) (2) Wide Smart COFCO BVI Wide Smart COFCO BVI2,062,550,331 (3) Wide Smart COFCO BVI 2,336,314,814 (4) 2009 12 31 3,858,584,839 2009 12 31 XV23 336 1. 2008 11 21 2009 1 1 2011 12 31 442.32 469.94 25 14A 92
2. 2008 11 21 2009 1 12011 12 31 2,975.85 Wilmar International Wilmar International 4. 2008 11 21 2009 1 12011 12 31 32.78 3. Wilmar Wilmar International Limited Wilmar International 2008 11 21 Wilmar Wilmar InternationalWilmar International Wilmar2009 1 1 2011 12 31 Wilmar International 1,626.83 Wilmar International 2,417.46 5. 2008 11 21 2009 1 12011 12 31 93
1.0 6. 7. 2008 6 27 0.36 2008 11 21 2009 1 12011 12 31 131.95 884.09 ADM ADM 30% ADM 1.67 2008 6 27 0.22 0.09 94
8. 10. 2008 6 27 2010 12 31 7.29 2008 11 21 2009 1 12011 12 31 2.04 55.04 11. 9. ADM ADM 2008 11 21 ADMADM ADMADM ADM 2009 1 12011 12 31 ADM 2,201.09ADM 15.49 ADM 2008 11 21 2009 1 12011 12 31 0.45 95
12. 14. 2008 11 21 2009 1 12011 12 31 13. 2008 11 21 2009 1 12011 12 31 2008 11 21 2009 1 12011 12 31 0.8 15. 2008 9 26 2008 10 17 2008 1 1 96
2008 1 1 2012 12 31 16. 2008 11 13 ADM Asia Pacific Kenspot International Pte LimitedKenspot International 22% Kenspot International 44%Kenspot International Wilmar International Wilmar International Kenspot International Kenspot International 2008 1 1 2008 1 1 2012 12 31 17. 2008 11 20 Pioneer City Investments LimitedPioneer City Pioneer City 15% 2008 1 1 2008 1 1 2011 12 31 97
18. 2009 10 27 1 2 59.0 Wilmar China 45% Wilmar China Wilmar China ADM 20% ADM ADM 19. 2009 2 6 71.74% 28.26% 1 2009 10 27 2 2009 10 27 98
336,000,000 241,050,000 7.3% 6.8% 20. (1) 2009 2 17 KindgainUptech Investments Cheerlink International Parkwing Kindgain Uptech Investments Cheerlink International Parkwing Kindgain Uptech Investments Cheerlink International Parkwing 972,781,722.27 3.69 263,626,483 (2) 2009 2 17 112,789,038.31 2009 3 24 99
21. 22. 2009 2 26 73.34% 26.66% 35,600,000 26,110,000 2009 3 16 71.72% 28.28% 200,000,000 143,430,000 56,570,000 2009 5 6 100
23. 24. 2009 4 7 52.3% 7.7% 40% 409,830,000260,000,000 2009 4 28 Uptech Investments Uptech Investments Limited 2009 4 28Kindgain Kindgain Limited 101
2009 3 24 2009 4 28 25. COFCO Malt 2 3 136,000,000 2009 12 31 (a)(b) (c) (d) 2009 12 18 COFCO Malt Holdings LimitedCOFCO Malt 1 COFCO Malt COFCO (BVI) No.84 Limited COFCO Malt (a) (b) 1 COFCO Malt COFCO (BVI) No.84 2009 12 18 2 COFCO (BVI) No.84 117,000,000 3 COFCO Malt (1)COFCO (BVI) No.84 102
(c) (d) 2008 11 212009 10 27 2. Wilmar International Holdings Limited Wilmar International Wilmar InternationalWilmar International Wilmar Holdings Pte. Ltd. 8.10 1. 20.74% 49.08% 3. 103
2009 12 31 264,678,4830.10 2009 4 28 3.69 263,626,483Kindgain Limited Uptech Investments Limited Cheerlink International Limited Parkwing Limited 3.91 2009 2 17 2009 3 6 2007 1 12 2007 8 7 4.6661,052,000 205,000 263,000 584,000 1,052,000 2009 12 31 104
105 (a) (b) 37.03% (c) 20.74% (d) 49.08% 2007 2 16 2005 112005 37.03% 2007 5 2005 2005 2007 5 9 2008 9 26 2009 2 27 2008 9 262008 10 172008 12 24
2009 2 12 Kindgain2009 2 27Uptech Investments 2009 2 27 2009 2 17 2009 3 24 2009 3 24 2009 4 28 2007 4 3 2007 4 10 2008 7 8 2008 7 8 6172 1.2 106
2009 12 31 2010 3 30 107
1101962009 12 31 141 108
2009 12 31 8 2 18 2010 03 30 109
2009 12 31 2009 2008 5 43,827,891 41,802,056 6 (40,568,455) (36,642,837) 3,259,436 5,159,219 5 1,377,830 1,876,213 (1,552,314) (1,606,334) (837,887) (773,156) (27,552) (51,716) 7 (239,121) (388,964) 355,168 133,403 6 2,335,560 4,348,665 10 (291,980) (883,516) 2,043,580 3,465,149 1,952,042 2,624,937 91,538 840,212 2,043,580 3,465,149 13 51.74 73.0 51.71 12 110
2009 12 31 2009 2008 2,043,580 3,465,149 13,563 670,546 13,563 670,546 2,057,143 4,135,695 1,962,511 3,185,839 94,632 949,856 2,057,143 4,135,695 111
2009 12 31 2009 2008 14 9,572,103 8,266,058 15 1,038,265 494,702 301,590 35,820 16 1,020,635 644,631 18 1,644,724 1,595,695 19 2,728 9,621 20 36,134 28,489 27 222,172 122,851 13,838,351 11,197,867 21 7,031,225 5,248,678 22 1,921,473 1,853,560 3,759,310 2,725,340 23 10,211 947 36 3,103,759 1,597,700 36 57,938 37,839 36 214 161,003 36 28,734 101,184 18 683,028 360,667 118,307 23,791 24 23,784 63,517 24 5,515,280 4,894,435 22,253,263 17,068,661 25 1,270,984 2,071,654 1,865,747 1,690,218 12,649 11,977 23 855,246 506,934 26 11,712,861 5,220,132 36 128,784 156,831 36 424,605 36 15,886 195,779 36 36,165 8,807 18 139,473 5,276 98,513 486,554 16,136,308 10,778,767 6,116,955 6,289,894 19,955,306 17,487,761 112
2009 12 31 2009 2008 19,955,306 17,487,761 26 1,116,411 1,155,922 36 129,606 129,476 5,918 2,470 111,092 114,486 27 196,742 139,976 1,559,769 1,542,330 18,395,537 15,945,431 28 385,858 359,391 30(a) 15,216,531 12,718,407 12 227,657 524,624 15,830,046 13,602,422 2,565,491 2,343,009 18,395,537 15,945,431 113
2009 12 31 2008 1 1 359,391 2,746,299 4,754,699 6,647 178,070 685,694 1,669,471 10,400,271 1,352,110 11,752,381 560,902 2,624,937 3,185,839 949,856 4,135,695 134,183 (134,183) 54,567 54,567 29 16,312 16,312 16,312 (13,524) (13,524) 2008 12 (524,624) 524,624 2008 12 31 359,391 2,746,299* 4,754,699* 22,959* 312,253* 1,246,596* 3,635,601* 524,624 13,602,422 2,343,009 15,945,431 2009 1 1 359,391 2,746,299 4,754,699 22,959 312,253 1,246,596 3,635,601 524,624 13,602,422 2,343,009 15,945,431 10,469 1,952,042 1,962,511 94,632 2,057,143 211,103 (211,103) 222,672 222,672 28, 31 26,362 1,004,417 1,030,779 208,855 1,239,634 28 105 6,545 (1,742) 4,908 4,908 (34) (34) (34) 29 13,325 13,325 13,325 29 (786) (786) (786) (303,677) (303,677) 2008 (524,624) (524,624) (524,624) 2009 12 (258,455) (258,455) (258,455) 2009 12 (227,657) 227,657 2009 12 31 385,858 3,757,227* 4,754,699* 33,756* 523,356* 1,257,065* 4,890,428* 227,657 15,830,046 2,565,491 18,395,537 * 15,216,531,000200812,718,407,000 114
2009 12 31 2009 2008 2,335,560 4,348,665 7 239,121 388,964 6 (12,338) 270,319 6 1,594 9,529 6 678,221 523,662 6 11,987 8,384 5 (3,368) 5 (614) 6 232 16,222 6 25,094 11,840 (355,168) (133,403) 5 (43,613) (76,016) 6 845,010 497,708 (654) 6,154 5 (37,847) 5 (955,321) (690,999) 29 12,539 16,312 2,743,803 5,193,973 (1,053,886) (1,666,806) 108,411 (202,449) (817,225) (822,895) (1,289,025) (281,757) (288,407) (107,787) (20,025) (28,379) (538,283) (418,864) 160,917 (154,217) 15,194 (41,881) (1,159,308) 505,130 53,244 96,225 (497,184) (62,988) (424,942) 326,296 (179,930) 195,446 134,082 (10,775) 652 7,595 978,115 281,610 (2,073,797) 2,807,477 115
2009 12 31 2009 2008 (2,073,797) 2,807,477 43,613 76,016 (239,121) (385,569) (846,964) (387,008) (3,116,269) 2,110,916 60,875 270,557 31 50,662 (6,018) 285,963 27,334 5 614 5,608 31,882 (1,582,787) (1,150,088) (441,353) (47,887) 8,311 21,523 (1,824) (23,451) 20,342 (1,593,589) (876,148) 5,586 45,195,985 29,698,796 340,445 234,000 (39,048,978) (29,696,860) (312,000) 172,237 (705,190) (317,185) (13,524) 4,908 (34) (1,103) (8,432) 5,329,085 219,566 619,227 1,454,334 4,894,435 3,286,643 1,618 153,458 5,515,280 4,894,435 24 5,021,509 3,728,613 24 493,771 1,165,822 5,515,280 4,894,435 116
2009 12 31 2009 2008 14 248 1,573 17 8,991,388 7,313,083 8,991,636 7,314,656 17 830,615 1,925,385 77 473 2,052 24 1,047,988 1,130,004 1,879,076 3,057,518 89,228 16,321 17 92,035 89,228 108,356 1,789,848 2,949,162 10,781,484 10,263,818 10,781,484 10,263,818 28 385,858 359,391 30(b) 10,167,969 9,379,803 12 227,657 524,624 10,781,484 10,263,818 117
2009 12 31 1. 26233 2.1 2009 12 31 118
2009 12 31 2.1 2.2 127 1 27 2 2 7 7 8 8* 8 1 18* 18 23 321 32 1 939 9 39 13 15 16 18 2008 10** 2009 7 1 * 2009 2009 5 ** 2008 102009 7 15 119
2009 12 31 2.2 1 8 1 1 8 814 814 4 120
2009 12 31 2.3 1 1 1 1 1 2 2 2 2 3 1 9 6 24 5 27 1 32 32 39 14 3 39 1 14 5 17 1 19 4 5 2008 10 5-1 42009 12 2 2009* 238 9162009 7 1 5817173639 2010 1 1 1 2009 7 1 2 2010 1 1 3 2010 2 1 4 2010 7 1 5 2011 1 1 6 2013 1 1 121
2009 12 31 2.4 (a) (b) 20% (c) 20% 39 20% 122
2009 12 31 2.4 12 31 123
2009 12 31 2.4 (a) (i) (ii)(iii) (b) (c) (d) (a) (c) (e) (c) (d) (f) 124
2009 12 31 2.4 3% 9.5% 4.5% 50% 125
2009 12 31 2.4 39 126
2009 12 31 2.4 39 (a)(b) 127
2009 12 31 2.4 128
2009 12 31 2.4 (a) (b) 39 129
2009 12 31 2.4 39 130
2009 12 31 2.4 39 131
2009 12 31 2.4 132
2009 12 31 2.4 133
2009 12 31 2.4 (a) (b) (c) (d) (e) (f) (g) (h) 134
2009 12 31 2.4 2002 11 7 29 135
2009 12 31 2.4 136
2009 12 31 2.4 3. 2009 12 31 143,235,0002008 119,786,000 137
2009 12 31 3. 2009 12 311,020,635,0002008644,631,000 16 2009 12 31 531,849,0002008 57,223,000 27 2.4 232,000200816,222,000 2009 12 319,572,103,0002008 8,266,058,000 1,594,0002008 9,529,0002009 12 31 5,680,783,00020084,578,900,000 138
2009 12 31 4. (a) (b) (c) (d) (e) (f) 10% 139
2009 12 31 4. 2009 12 31 26,811,771 1,497,773 4,106,780 3,660,958 7,750,609 43,827,891 142 21,216 (21,358) 392,623 21,654 76,175 7,918 808,452 (11,066) 1,295,756 1,040,070 8,423 337,251 114,486 762,282 (125,073) 2,137,439 43,613 37,847 (239,121) 614 614 309,138 4,110 41,920 355,168 2,335,560 (291,980) 2,043,580 14,983,805 2,035,199 2,391,299 1,856,793 7,341,159 6,026,459 (6,067,367) 28,567,347 1,221,663 45,503 377,558 1,644,724 5,879,543 36,091,614 4,114,023 814,805 960,198 1,320,067 3,207,575 222,249 (6,067,367) 4,571,550 13,124,527 17,696,077 219,051 75,978 32,474 44,039 329,885 1,888 703,315 1,202 (82) 706 1,826 1,317,443 158,123 187,731 88,006 817,523 5,919 2,574,745 140
2009 12 31 4. 2008 12 31 27,539,470 1,806,194 3,382,956 3,248,913 5,824,523 41,802,056 6,394 (6,394) 964,641 39,005 53,443 17,015 692,265 30,460 1,796,829 3,257,819 199,242 479,992 103,944 555,501 (71,656) 4,524,842 76,016 3,368 3,368 (388,964) 88,221 2,860 42,322 133,403 4,348,665 (883,516) 3,465,149 9,781,598 2,064,560 1,939,085 1,324,630 6,653,074 8,265,811 (8,462,519) 21,566,239 1,170,978 61,733 362,984 1,595,695 5,104,594 28,266,528 4,595,516 1,096,398 1,184,852 1,032,303 2,952,147 2,919,816 (8,462,519) 5,318,513 7,002,584 12,321,097 194,325 53,939 21,031 34,140 230,629 1,438 535,502 24,080 (432) 488 4,266 (2,651) 25,751 104,686 313,056 69,972 22,498 562,991 328 1,073,531 141
2009 12 31 5. 2009 2008 4,241 388,170 43,613 76,016 29,331 * 955,321 690,999 58,982 20,592 63,426 35,098 23,544 8,948 1,149,127 1,249,154 614 3,368 36,599 47,929 42,191 1,521 38,831 102,730 542,669 31 37,847 1,463 228,703 627,059 1,377,830 1,876,213 * 37561,784,0002008 608,280,000 142
2009 12 31 6. 2009 2008 38,647,766 39,122,436 (12,338) 270,319 1,088,017 (3,247,626) 845,010 497,708 40,568,455 36,642,837 5,570 5,150 14 677,399 522,020 20 822 1,642 28,049 25,607 15 25,094 11,840 8 636,498 597,836 * 66,446 43,895 10,641 13,980 713,585 655,711 11,987 8,384 (36,599) 11,932 14 232 16,222 22 (1,463) 8,561 3,057 968 * 2009 12 312008 143
2009 12 31 7. 2009 2008 227,380 382,601 12,844 11,400 240,224 394,001 (1,103) (8,432) 239,121 385,569 3,395 239,121 388,964 8. 161 2009 2008 1,410 920 400 400 1,810 1,320 2,892 3,312 1,928 2,208 1,898 2,332 86 72 6,804 7,924 8,614 9,244 144
2009 12 31 8. 29 (a) 2009 2008 470 310 470 310 Patrick Vincent Vizzone 470 300 1,410 920 2008 145
2009 12 31 8. (b) 2009 1,200 800 341 32 2,373 846 564 316 27 1,753 846 564 316 27 1,753 2,892 1,928 973 86 5,879 200 341 541 100 292 392 100 292 392 400 925 1,325 400 2,892 1,928 1,898 86 7,204 2008 1,200 800 418 24 2,442 1,056 704 389 24 2,173 1,056 704 389 24 2,173 3,312 2,208 1,196 72 6,788 200 418 618 100 359 459 100 359 459 400 1,136 1,536 400 3,312 2,208 2,332 72 8,324 2008 146
2009 12 31 9. 20088 2008 2009 2008 2,530 2,118 643 936 423 628 29 36 3,625 3,718 2009 2008 1,000,0011,500,000 1 1,500,0012,000,000 2 2,000,0012,500,000 1 2 2 29 147
2009 12 31 10. 16.5% 200816.5% 2009 2008 156,927 178,483 226,222 649,713 8,299 1,524 (43,575) (52,674) 27 (55,893) 106,470 291,980 883,516 2009 % % % 1,183,078 1,152,482 2,335,560 195,208 16.5 288,120 25.0 483,328 20.7 * (19,788) (1.7) (19,788) (0.8) ** (228,031) (19.8) (228,031) (9.8) *** (7,139) (0.6) (7,139) (0.3) (56,593) (4.8) (2,436) (0.2) (59,029) (2.5) (5,921) (0.5) (5,871) (0.5) (11,792) (0.5) 2,734 0.2 2,734 0.1 13,283 1.1 21,051 1.8 34,334 1.5 (12,838) (1.1) (12,838) (0.5) 10% 30,102 2.6 30,102 1.3 8,299 0.7 8,299 0.4 (36,436) (3.2) (36,436) (1.6) (5,625) (0.5) (5,625) (0.2) 113,861 9.9 113,861 4.9 148,711 12.5 143,269 12.4 291,980 12.7 148
2009 12 31 10. 2008 % % % 1,098,890 3,249,775 4,348,665 181,317 16.5 811,657 25.0 992,974 22.8 * (107,954) (3.3) (107,954) (2.5) ** (91,323) (2.8) (91,323) (2.1) *** (52,674) (1.6) (52,674) (1.2) (6,207) (0.6) (15,938) (0.5) (22,145) (0.5) (9,600) (0.9) (7,172) (0.2) (16,772) (0.3) 12,973 1.2 39,874 1.2 52,847 1.2 1,323 1,323 10% 125,145 3.9 125,145 2.9 1,524 1,524 (600) (600) 1,171 1,171 178,483 16.2 705,033 21.7 883,516 20.3 * 25% 15% 20% ** *** 33,345,000200823,301,000 11. 2009 12 3164,147,000 200819,255,000 149
2009 12 31 12. 2009 2008 6.7 2008 258,455 5.9 200813.6 227,657 524,624 486,112 524,624 2009 2009 12 313,858,584,839 20082008 12 313,593,906,35628 2009 4263,626,483 13. 1,952,042,00020082,624,937,000 3,773,087,391 20083,593,906,356 2009 2008 3,773,087,391 3,593,906,356 * 2,174,406 3,775,261,797 3,593,906,356 * 2008 12 31 150
2009 12 31 14. 2009 12 31 2008 12 31 2009 1 1 4,384,903 6,606,760 198,747 11,190,410 (674,888) (2,249,464) (2,924,352) 3,710,015 4,357,296 198,747 8,266,058 2009 1 1 3,710,015 4,357,296 198,747 8,266,058 205,771 137,693 799,035 1,142,499 31 332,684 447,627 64,838 845,149 6 (232) (232) (4,912) (12,683) (17,595) 6 (203,715) (473,684) (677,399) 155,850 114,622 (270,472) 6,067 6,812 744 13,623 2009 12 31 4,201,760 4,577,683 792,660 9,572,103 2009 12 31 5,062,011 7,268,425 792,893 13,123,329 (860,251) (2,690,742) (233) (3,551,226) 4,201,760 4,577,683 792,660 9,572,103 151
2009 12 31 14. 2008 12 31 2007 12 31 2008 1 1 3,307,572 5,402,386 974,901 9,684,859 (522,752) (1,788,320) (2,311,072) 2,784,820 3,614,066 974,901 7,373,787 2008 1 1 2,784,820 3,614,066 974,901 7,373,787 10,852 135,456 847,658 993,966 31 1,791 6,432 4 8,227 6 (8,247) (7,975) (16,222) (4,885) (35,381) (40,266) 6 (109,132) (412,888) (522,020) 840,097 818,852 (1,658,949) 194,719 238,734 35,133 468,586 2008 12 31 3,710,015 4,357,296 198,747 8,266,058 2008 12 31 4,384,903 6,606,760 198,747 11,190,410 (674,888) (2,249,464) (2,924,352) 3,710,015 4,357,296 198,747 8,266,058 152
2009 12 31 14. 2009 12 31 2008 12 312009 1 1 2,898 (1,325) 1,573 2009 1 1 1,573 (1,325) 2009 12 31 248 2009 12 31 2,898 (2,650) 248 2008 12 31 2007 12 312008 1 1 2,753 2,753 2008 1 1 2,753 145 (1,325) 2008 12 31 1,573 2008 12 31 2,898 (1,325) 1,573 153
2009 12 31 14. 2009 12 31 260,145,000 2008 1,231,893,00026 2009 12 31 515,329,0002008 622,384,000 2008 12 31 15. 2009 2008 1 1 506,787 443,400 441,353 47,887 31 137,340 6 (25,094) (11,840) 1,189 27,340 12 31 1,061,575 506,787 (23,310) (12,085) 1,038,265 494,702 2009 12 31 200867,902,000 26 2009 12 3164,323,0002008 23,263,000 154
2009 12 31 16. 2009 2008 1 1 644,631 620,443 31 376,004 1,070 23,118 12 31 1,020,635 644,631 12% 2% 11% 12% 2% 155
2009 12 31 16. 2009 2008 476,817 116,124 128,118 128,118 412,517 397,206 3,183 3,183 1,020,635 644,631 2009 12 312008 12 31 156
2009 12 31 17. 2009 2008 6,099,967 6,060,967 39 2,891,421 1,252,116 8,991,388 7,313,083 12 (1) 719,000,0002008680,000,000 (2) 2008800,000,000 2008 12 31 2009 12 3137 157
2009 12 31 18. 2009 2008 1,463,457 1,394,086 28,356 28,356 1,491,813 1,422,442 39 152,911 173,253 1,644,724 1,595,695 12 2009 2008 16,642 16,642 11,714 11,714 28,356 28,356 16 158
2009 12 31 18. 2009 2008 16,116,024 8,582,071 11,592,448 4,081,072 18,766,950 20,818,552 1,060,155 393,518 2009 12 3138 19. 2009 2008 2,728 9,621 159
2009 12 31 20. 2009 12 31 2009 1 1 12,245 16,244 28,489 1,824 1,824 31 6,580 6,580 6 (822) (822) 20 43 63 2009 12 31 14,089 22,045 36,134 2009 12 31 14,089 25,130 39,219 (3,085) (3,085) 14,089 22,045 36,134 2008 12 31 2008 1 1 5,639 5,639 6,069 17,382 23,451 6 (1,642) (1,642) 537 504 1,041 2008 12 31 12,245 16,244 28,489 2008 12 31 12,245 17,886 30,131 (1,642) (1,642) 12,245 16,244 28,489 160
2009 12 31 21. 2009 2008 4,760,553 3,441,674 186,917 149,967 2,083,755 1,657,037 7,031,225 5,248,678 2009 12 31 131,562,0002008 26 22. 2009 2008 1,935,834 1,867,366 (14,361) (13,806) 1,921,473 1,853,560 3090 1 31 6 161
2009 12 31 22. 2009 2008 3 1,680,066 1,572,818 3 12 240,535 280,618 1 2 851 124 2 3 21 1,921,473 1,853,560 2009 2008 1 1 13,806 5,616 2,331 6 (1,463) 8,561 (336) (942) 23 571 12 31 14,361 13,806 162
2009 12 31 22. 2009 2008 1,633,351 1,826,919 1 34,293 8,839 1 3 210,333 17,678 312 40,985 124 12 2,511 1,921,473 1,853,560 23. 2009 2008 9,335 855,024 575 500,217 876 222 372 6,717 10,211 855,246 947 506,934 1,933,027,0002008 2,749,918,000 1,521,000200835,436,000 163
2009 12 31 24. 2009 2008 2009 2008 5,021,509 3,728,613 1,008,973 63,198 517,555 1,229,339 39,015 1,066,806 5,539,064 4,957,952 1,047,988 1,130,004 (23,784) (63,517) 5,515,280 4,894,435 1,047,988 1,130,004 3,561,875,000 20083,292,374,000 25. 2009 2008 3 1,061,408 2,022,663 3 12 201,031 44,374 1 2 6,850 3,139 2 1,695 1,478 1,270,984 2,071,654 1 3 164
2009 12 31 26. 2009 2008 (%) (%) 0.62 6.93 2010 374,235 1.97 5.81 2009 705,886 0.48 5.31 2010 10,997,911 1.51 7.98 2009 4,202,246 4.37 2010 340,715 2009 312,000 +1.08 11,712,861 5,220,132 10% 2011 2012 1,116,411 10% 2011 2012 1,155,922 1,116,411 1,155,922 12,829,272 6,376,054 2009 2008 11,372,146 4,908,132 855,196 261,215 1,155,922 12,488,557 6,064,054 # 340,715 312,000 12,829,272 6,376,054 (a) (i) (ii) (iii) 260,145,00020081,231,893,000 14 200867,902,00015 131,562,0002008 21 165
2009 12 31 26. (b) 8,558,194,00020083,575,068,000 # 27. 2008 1 1 884 3,282 74,308 26,672 105,146 10 47,472 1,075 (61,214) 26,149 13,482 1,525 236 2,697 2,458 6,916 2008 12 31 2009 1 1 49,881 4,593 15,791 55,279 125,544 10 (49,763) (477) 115,448 4,834 70,042 31 655 1,988 8,060 15,979 26,682 40 7 118 (261) (96) 2009 12 31 813 6,111 139,417 75,831 222,172 166
2009 12 31 27. 2008 1 1 11,714 7,541 2,134 21,389 10 (3,458) 5,553 (1,967) 119,786 38 119,952 618 639 71 1,328 2008 12 31 2009 1 1 8,874 13,733 238 119,786 38 142,669 31 39,887 39,887 10 (3,522) 4,498 (34) 23,449 (10,242) 14,149 11 26 37 2009 12 31 5,363 18,257 204 143,235 29,683 196,742 167
2009 12 31 27. 2009 2008 222,172 122,851 (196,742) (139,976) 25,430 (17,125) 531,849,000200857,223,000 10% 2008 1 12007 12 31 10% 2008 1 1 168
2009 12 31 28. 2009 2008 4,000,000,0000.1 400,000 400,000 3,858,584,8392008 12 313,593,906,356 0.1 385,858 359,391 2008 1 12009 1 1 3,593,906,356 359,391 (i) 263,626,483 26,362 (ii) 1,052,000 105 2009 12 31 3,858,584,839 385,858 (i) 2009 4 28 3.69 263,626,483 3.91 31 (ii) 1,052,000 4.666 290.11,052,000 4,908,632 29 169
2009 12 31 29. 2007 1 12 2007 3 21 2007 3 2110 10% 12 1% 12 0.1%5,000,000 281 (i) (ii) 2007 8 727,600,000 2007 8 72011 8 64.666 2009 8 72014 8 64.5 170
2009 12 31 29. 2009 2008 1 1 4.666 27,370 4.666 27,600 4.666 (474) 4.666 (230) 4.666 (1,052) 12 31 4.666 25,844 4.666 27,370 2009 12 31 2009 1,157 6,731 7,888 7 8 2007 6 8 2009 4.666 7 8 2009 6 8 2014 1,326 7,788 9,114 7 8 2007 6 8 2010 4.666 7 8 2010 6 8 2014 1,287 7,555 8,842 7 8 2007 6 8 2011 4.666 7 8 2011 6 8 2014 3,770 22,074 25,844 2008 1,287 7,745 9,032 7 8 2007 6 8 2009 4.666 7 8 2009 6 8 2014 1,326 7,980 9,306 7 8 2007 6 8 2010 4.666 7 8 2010 6 8 2014 1,287 7,745 9,032 7 8 2007 6 8 2011 4.666 7 8 2011 6 8 2014 3,900 23,470 27,370 2007 12 31 45,700,0001.656 2009 12 3112,539,000200816,312,000 171
2009 12 31 29. 2007 12 31 Black-Scholes-Merton (%) 1 (%) 42.95 (%) 42.95 (%) 4.369 5 4.350 25,844,000200827,370,000 2009 12 31 4.5920085.59 25,844,000200827,370,000 2,584,40020082,737,000 118,003,7042008124,971,420 0.67% 30. (a) 2007 3 21 172
2009 12 31 30. (a) (b) 2007 12 31 2008 1 1 2,746,299 5,689,788 6,647 162,442 8,605,176 29 16,312 16,312 1,282,939 1,282,939 2008 12 (524,624) (524,624) 2008 12 31 2009 1 1 2,746,299 5,689,788 22,959 920,757 9,379,803 28 1,004,417 1,004,417 28 6,545 (1,742) 4,803 (34) (34) 29 13,325 13,325 29 (786) (786) 252,553 252,553 2009 12 (258,455) (258,455) 2009 12 (227,657) (227,657) 2009 12 31 3,757,227 5,689,788 33,756 687,198 10,167,969 2007 3 21 173
2009 12 31 30. (b) 2.4 31. 2009 12 31 (a) 2009 4 1790,783,000 37 (b) 2009 2 17Kindgain Limited Kindgain Uptech Investments Limited Uptech Cheerlink International Limited CheerlinkParkwing LimitedParkwing Kindgain Uptech Parkwing37 Cheerlink 3757.136% 2009 4 28 3.69 0.10263,626,483 3.91 (c) 2009 9 3094,223,000 37 100% 174
2009 12 31 31. 2009 12 31 14 420,681 426,705 15 57,281 28,849 20 6,580 22,462 27 23,958 21,700 184,991 178,810 62,120 62,120 140,926 141,495 199,217 199,217 24,523 24,523 21,073 21,073 127,501 127,501 (336,443) (336,443) (145,891) (145,891) (32,240) (32,240) (208,945) (208,945) (82,218) (82,218) (19,170) (19,170) 27 (6,802) 437,142 429,548 16 376,004 813,146 185,006 628,140 813,146 175
2009 12 31 31. 2009 12 31 14 424,468 358,422 15 80,059 33,744 27 2,724 2,724 521,847 500,996 109,757 109,757 60,864 61,732 14,241 14,241 9,211 9,211 5,611 5,611 108,167 108,167 (20,097) (20,097) (141,540) (141,540) (1,149) (1,149) (57,916) (57,916) (386,692) (386,692) (40,178) (40,178) (53) (53) 27 (33,085) 656,239 556,980 (208,855) 5 (37,847) 409,537 402,639 6,898 409,537 176
2009 12 31 31. 2009 12 31 2009 12 31 (185,006) 235,668 50,662 2009 5,757,799,00092,519,000 3,798,894,00057,032,000 2008 12 31 2008 3 11 14 8,227 7,534 31,763 31,763 11,622 11,622 311 311 6,345 6,345 (33,353) (33,353) (13,622) (13,622) 11,293 10,600 16 1,070 12,363 12,363 177
2009 12 31 31. 2008 12 31 2008 (12,363) 6,345 (6,018) 32. 2009 2008 17,846 9,907 15,749 9,327 44,883 612 78,478 19,846 33. 2009 2008 4,672,200 3,892,200 178 2009 12 31 3,957,329,0002008406,998,000
2009 12 31 34. 32 2009 2008 5,442,919 2,007,731 1,001,424 228,749 6,444,343 2,236,480 35. 2009 2008 4,869,589 89,120 4,429,677 2,822,679 6,957,316 1,858,913 49,705 229,956 4,598,427 727,351 246,240 21,150,954 5,728,019 1,664,761 51,880 1,664,761 51,880 2009 2008 326,098 1,266,360 2008 179
2009 12 31 36. (a) 2009 2008 ** (i) 4,612,287 7,293,549 ** (i) 698,093 1,827,679 * (i) 10,295 11,223 (ii) 12,844 11,400 (i) 377 418 ** (i) 30,939 31,000 * (i) 3,404 (i) 1,989 5,666 (i) 3,300 (i) 127,995 * (i) 12 246 * (i) 9,863,906 * (i) 9,054 * (iii) 383,075 * (i) 3,079 97,964 ** (i) 2,270,891 570,490 ** (i) 179,426 86,452 * (i) 110 (i) 1,732 # ** (i) 226,347 1,034,039 ** (i) 4,288,134 2,725,514 ** (i) 927,642 144,519 * (i) 53,096 44,034 * ** # 180
2009 12 31 36. (a) (i) 200815,475,000 2,065,864,000 2008103,871,000 (ii) +1.084.374% 2008 +1.08 (iii) 2008 8 212008 2 1 1% 2009 (b) (1) 340,715,0002008312,000,000 4.374% (2) 129,606,0002008129,476,000 (c) 2009 2008 18,306 17,877 314 310 4,443 5,113 23,063 23,300 181
2009 12 31 36. (d) 37. 2009 12 31 269,238,336 100 ** 5,000,000 100 Full Extent Group Limited 3 100 Charm Power Limited 1 100 COFCO Oils & Fats Holdings Limited 2 100 113,000,000 54 ** 182
2009 12 31 37. 2009 12 31 ** 47,773,776 72.94 22,399,989 70 ** ** 51,700,000 89.36 1 100 ** 29,320,000 100 10,000,000 57.43 *** *** 20,000,000 54 *** 336,000,000 38.74 # *** 35,600,000 73.34 ** 232,991,000 100 ** 29,850,000 100 183
2009 12 31 37. 2009 12 31 ** 30,000,000 100 ** 16,000,000 100 * 200,000,000 71.72 * 72,088,000 52.3 ** 62,810,550 100 COFCO Malt Holdings Limited 2 100 ** 32,526,000 100 ** 35,000,000 100 ** 17,300,000 100 ** 60,000,000 100 COFCO (BVI) No. 1 Limited 2 100 184
2009 12 31 37. 2009 12 31 * 110,200,000 83.47 ** 132,100,000 100 COFCO Biofuel Holdings Limited 2 100 1 100 ** 380,000,000 100 *** 5,000,000 65 * 40,205,980 85 COFCO Biochemical Holdings Limited 2 100 ** 38,000,000 100 ** 71,880,000 100 185
2009 12 31 37. 2009 12 31 *** 10,000,000 100 ** 80,000,000 100 Cheerlink International Limited 2 100 ** 42,500,000 100 * 54,053,300 59.43 COFCO Flour Holdings Limited 3 100 * 55,000,000 66.9 ** 35,000,000 80 * 43,533,000 55 * 80,350,000 69.3 186
2009 12 31 37. 2009 12 31 ** 17,340,000 100 ** 45,246,600 100 ** 5,450,000 51 * 40,000,000 95 2,800,000 100 *** Conomer Investments Limited 1 100 * 30,000,000 55 Sunny World Limited 1 100 * 82,058,356 60 * ** *** # 187
2009 12 31 37. Charm Power Limited 38. 2009 12 31 69,500,000 40 # 19,219,300 24 # 51,557,000 50.44 Lassiter Limited # 100 49 * # 10,000,000 20 # 1,200,000,000 20 * Lassiter Limited61.74% # 188
2009 12 31 38. 39. 2009 18 152,911 152,911 686,130 686,130 2,728 2,728 1,921,473 1,921,473 1,936,309 1,936,309 10,211 10,211 3,064,208 3,064,208 23,784 23,784 5,515,280 5,515,280 10,211 13,300,095 2,728 13,313,034 189
2009 12 31 39. 2008 18 173,253 173,253 398,506 398,506 9,621 9,621 1,853,560 1,853,560 2,091,185 2,091,185 947 947 1,859,887 1,859,887 63,517 63,517 4,894,435 4,894,435 947 11,334,343 9,621 11,344,911 2009 2008 830,615 1,925,462 473 2,052 1,047,988 1,130,004 17 2,891,421 1,252,116 4,770,497 4,309,634 190
2009 12 31 39. 2009 1,270,984 1,270,984 1,154,907 1,154,907 855,246 855,246 12,829,272 12,829,272 419,532 419,532 855,246 15,674,695 16,529,941 2008 2,071,654 2,071,654 1,215,632 1,215,632 506,934 506,934 6,376,054 6,376,054 791,298 791,298 506,934 10,454,638 10,961,572 191
2009 12 31 40. 2.4 26 2008 100 (22,930) (18,670) (100) 22,930 18,670 2009 100 (17,112) (14,169) (100) 17,112 14,169 192
2009 12 31 40. 13% 200816% 54% 2008 66% % 2008 5 (389,536) (5) 389,536 5 (313,913) (255,593) (5) 313,913 255,593 2009 5 (16,474) (5) 16,474 5 (308,439) (255,399) (5) 308,439 255,399 193
2009 12 31 40. 23 26 36 18 1 3 1,154,907,00020081,215,632,000 194
2009 12 31 40. % 2008 5 647,002 525,220 5 210,414 162,751 5 117,568 100,214 5 68,233 61,715 5 125,509 109,396 2009 5 625,327 514,138 5 269,004 222,569 5 159,444 133,527 5 58,594 51,711 5 150,066 148,149 2009 12 312008 12 31 195
2009 12 31 40. 2009 2008 12,829,272 6,376,054 (5,515,280) (4,894,435) (23,784) (63,517) 7,290,208 1,418,102 15,830,046 13,602,422 46.1% 10.4% 41. 2010 3 30 196
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