BOER POWER HOLDINGS LIMITED BOER POWER HOLDINGS LIMITED 博耳電力控股有限公司 博耳電力控股有限公司 (於開曼群島註冊成立的有限公司) (Incorporated in the Cayman Islands with limited liability) 股份代號: 1685 Stock Code: 1685 C M Y CM MY CY CMY K 2015 ANNUAL REPORT 2015 年度 報 告 年度報告 ANNUAL REPORT 2015
目錄 公司資料 2 財務概要 3 主席報告 4 管理層討論及分析 7 董事及高級管理層履歷 17 企業管治報告 22 董事會報告 33 獨立核數師報告 40 綜合損益及其他全面收益表 42 綜合財務狀況表 43 綜合權益變動表 45 綜合現金流量表 46 財務報表附註 47
Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands 199 18 1805 Appleby Trust (Cayman) Ltd. Clifton House 75 Fort Street P.O. Box 1350 Grand Cayman KY1-1108 Cayman Islands 183 17 1712-1716 www.boerpower.com 2
2,473,646 2,048,454 1,353,992 1,221,214 1,014,589 630,318 548,878 361,894 324,437 295,254 (106,494) (94,394) (17,027) (30,296) (42,276) 523,824 454,484 344,867 294,141 252,978 519,884 458,917 345,109 294,141 252,978 3,940 (4,433) (242) 448,209 335,792 304,756 314,834 269,376 5,365,871 4,080,501 3,120,866 2,078,927 1,770,485 (3,598,409) (2,221,081) (1,460,469) (650,146) (521,049) (16,066) (2,340) (2,574) (5,968) (6,475) 2,199,605 2,192,872 1,962,579 1,737,647 1,512,337 2,196,240 2,193,447 1,958,821 1,737,647 1,512,337 3,365 (575) 3,758 0.26 0.20 0.18 0.17 0.13 0.19 0.14 0.12 0.10 3
2015 9 6.32% 26,904 1,637 13,600 2015 248.2 32.1% 27.5%12 4
(PUE) 1.5 2015 2015 100 PaaS 52 16X-green-Pe-Box NLE63NMSDW-2000A/65KA BRX3800ACB PMW1700 PMW1608 5
3576297965 2015 2015 6
6.9%67.7 10%55.2 4,60311.7% 2015 EDS ieds EE 46.0%iEDS EE 56.0% 35.6% 7
2015 9 1,63713,600 2015-2020 2015 248.2 32.1% 28.7% 4012% 2015 103% 41.9 (PUE) 1.5 17.3% X-green-P 7.9% 8
EPC 2015 2015 100 2015 1.1 2015 60 116.6 80.2% 2.8% 16X-green-P e-boxnle63nmsdw-2000a/65ka BRX3800ACB PMW1700 PMW160 8 9
3,011,820,000iEDS EE 2,473,646,000 20.8% 519,884,000 13.3%iEDS EE 5,814,080,000 4,416,293,0003,614,475,000 2,223,421,000 2,199,605,000 2,192,872,000 ieds EE EE 1,108,000 0.1%276,000 24.9% EDS EDS ieds EDS5,500,000 9,615,0000.2% 0.5%EDS 42.8% 1,255,0002,474,000 49.3% EDS 25.7% 22.8% 10
ieds EDS ieds ieds1,385,303,000 1,156,832,00056.0% 56.5% ieds 19.7%iEDS ieds 465,761,000 372,149,000 25.2% ieds32.2% 33.6% EE ieds EE EE 11
EE879,566,000 688,574,00035.6% 33.6%EE EE 363,150,000287,551,000 26.3% EE41.8%41.3% 202,169,000 193,433,0008.1% 9.4% 4.5%52,500,000 60,262,000 12.9% 31.2% 26.0% 2015-20202020840 2020 1,000IDC 2014-2015 IDC 2017 IDC919.1 36.6% 12
2015-2020 201520202 2016 4,390 2016960 202080% 1,000 60 15 2,000 Infiniti Research 2015-2019 2014 2019 8.28%2020 8 2012-2020 679 15% 20% 155,000,000 666,000,000 1,767,000,0001,859,000,0002,216,000,000 2,195,000,000 1,852,000,000 671,000,000 13
27 278 44322 313 183 496 336,927,000 1,3661,290 145,000,00093,000,000 1. 2. 14
3. 4. 622 15
215,625,000 1,251,000,0001,067,000,000 1 266,637 25% 250,171 16,466 373,291 35% 373,291 159,982 15% 79,431 80,551 85,324 8% 6,693 78,631 EE 74,658 7% 35,754 38,904 106,655 10% 106,000 655 1,066,547 100% 851,340 215,207 1 215,000,000 35% 373,000,000 373,000,000 16
42 Sydenham International Group Corporation Green Essential Limited 42 Sydenham International Group Corporation Green Essential LimitedBoer Power Middle East DMCC PT. Boer Power System Indonesia 17
49 69 53 656 6721290 3380 2186 169 1033 Yancoal Australia Ltd YAL 8325 938 18191856 A600280 18
46 828 1991 2020 1023 2299KFM3816 52 51 19
Antonio MACERA Antonio MACERAMacera64 Macera Macera Macera 52 Moeller Moeller 42 46 42 20
49 43 35 21
A.2.1 A.5.1 E.1.2 22
(i) 5 5 (i) 5 5 5 5 (i) 4 5 (ii) 5 5 3 5 5 5 (iii) 4 5 5 5 (i) (ii) (iii) 14 23
3.10(1) 3.10A 3.10(2) 3.13 3.10(1) 3.10A 3.11 A.2.1 A.2.1 A.4.1 (i) (ii) 108 109 24
(i) (i) (i) (ii) (iii) (i) (ii) (iii) 25
1 1 (i) 0 1 1 1 1 1 1 1 (i) 3.25 3.27 26
3.21 3.23 2 2 (i) 2 2 2 2 2 2 (i) 27
1 1 (i) 0 1 1 1 1 1 1 1 (i) 28
A.5.1 29
1. 2. 3. 4. 4,373 1,095 246 280 5,994 30
0 0 1 0 (i) 1 1 1 (ii) 1 1 (i) (ii) 31
E.1.2 64 21 2 yc.kwok@boerpower.com(852) 2544 7272 199 18 1805 (i) 1410 (ii) 21 20 yc.kwok@boerpower.com2544 7272 199 18 1805 32
17 5 622 4 16 42 26 162,158,000 20126,779,000 1381,555,000 1,000,0002014 100,000 13 29(c) 33
29(a) 29(e) 26% 7% 5% 17% 5% (i) (ii) (i) (ii) 108 108 109 34
9 10 35
(i) 0.1% (ii) 5,000,000 28 1.00 (a) (b)(c) (a) (b) (c) 36
75,000,00010% 75,000,000 9.69% 10% 77,812,500 1% 9,000,000 6,300,000 5,000,000 1,390,000630,000 0.18% 0.08% 26,363,00024,343,000 3.41% 3.15% 37
22 32 352 517,815,000 (i) 66.92 517,815,000 (i) 66.92 780,000 0.10 (ii) 312,000 0.04 3,305,000 0.43 (i) 517,815,00050% (ii) XV352 38
5% 336 517,815,000 66.92 336 14A 3.13 39
42 96 40
4 10 8 41
5 2,473,646 2,048,454 5 (1,590,704) (1,326,018) 5 882,942 722,436 6 118,606 123,280 (79,338) (58,156) (211,847) (164,565) 710,363 622,995 7(a) (80,045) (74,117) 7 630,318 548,878 8(a) (106,494) (94,394) 523,824 454,484 (16,719) (2,622) 11 155 (16,719) (2,467) 507,105 452,017 519,884 458,917 3,940 (4,433) 523,824 454,484 503,165 456,450 3,940 (4,433) 507,105 452,017 12 69 61 69 61 47 96 29(b) 42
13 246,443 207,661 212,077 14 75,549 5,312 1,373 15 3,845 4,441 5,034 16 75,423 77,350 79,277 3,056 3,123 2,148 18 30,180 30,180 28(b) 13,713 7,725 4,847 448,209 335,792 304,756 19 102,971 129,691 68,969 20 4,630,933 2,592,620 1,297,759 28(a) 8,111 9,496 21,012 21 369,071 403,925 128,346 22 99,500 229,000 649,641 23(a) 50,000 103,449 23(a) 155,285 665,769 851,690 5,365,871 4,080,501 3,120,866 24 1,851,562 671,074 429,541 25 1,670,092 1,408,041 824,091 32(a) 26,556 92,762 200,212 28(a) 50,199 49,204 6,625 3,598,409 2,221,081 1,460,469 1,767,462 1,859,420 1,660,397 2,215,671 2,195,212 1,965,153 28(b) 16,066 2,340 2,574 2,199,605 2,192,872 1,962,579 43
29(c) 66,010 66,010 66,241 29(d) 2,130,230 2,127,437 1,892,580 2,196,240 2,193,447 1,958,821 3,365 (575) 3,758 2,199,605 2,192,872 1,962,579 47 96 44
66,241 (99,690) 817,123 9,218 134,293 21,436 141 (155) (29,877) 1,040,091 1,958,821 3,758 1,962,579 458,917 458,917 (4,433) 454,484 155 (2,622) (2,467) (2,467) 155 (2,622) 458,917 456,450 (4,433) 452,017 100 100 53,267 (53,267) 29(b)(ii) (100,958) (100,958) (100,958) 29(b)(ii) (84,715) (84,715) (84,715) 29(c) (231) (16,226) 231 (16,226) (16,226) 27 (24,710) (24,710) (24,710) 4,785 4,785 4,785 27 15,929 (15,929) 66,010 (108,471) 615,224 (1,926) 187,560 21,436 372 (32,499) 1,445,741 2,193,447 (575) 2,192,872 66,010 (108,471) 615,224 (1,926) 187,560 21,436 372 (32,499) 1,445,741 2,193,447 (575) 2,192,872 519,884 519,884 3,940 523,824 (16,719) (16,719) (16,719) (16,719) 519,884 503,165 3,940 507,105 61,963 (61,963) 29(b)(ii) (109,144) (109,144) (109,144) 29(b)(ii) (114,072) (114,072) (114,072) 27 11,781 11,781 11,781 27 8,350 (8,350) 29(b)(i) (162,158) (162,158) (162,158) 29(b)(i) (126,779) (126,779) (126,779) 66,010 (100,121) 103,071 1,505 249,523 21,436 372 (49,218) 1,903,662 2,196,240 3,365 2,199,605 47 96 45
23(b) (1,145,273) (210,683) (96,376) (43,411) (1,241,649) (254,094) (4,994) (20,141) (64) (226) (107,500) (2,060,819) 237,000 2,483,807 (30,180) 23,346 13,939 10,511 43,946 91,200 103,449 (41,200) (50,000) 34,854 (275,579) 243,153 208,196 1,943,735 5,629,173 (784,250) (5,392,281) (66,206) (107,451) 27 (24,710) (16,226) (89,491) (41,307) 29(b)(i)/(ii) (512,153) (185,673) 491,635 (138,475) (506,861) (184,373) 23(a) 665,769 851,690 (3,623) (1,548) 23(a) 155,285 665,769 47 96 46
1. 223 2. (a) 2(c) (b) 27 2(e) 47
2. (b) 3 (c) 19 (d) 48
2. (d) 2(l) 27 (e) 2(v)(iii) 2(l) (f) 2(l) 20 5 10 5 5 49
2. (g) 2(l)20 (h) 2(l) 2(x) (i) 2(l) 5 10 50
2. (j) 2(l) (k) (l) (i) 51
2. (l) (i) 52
2. (l) (ii) 53
2. (l) (iii) 34 2(l)(i) (ii) (m) (n) 2(l) (o) (p) (q) 54
2. (r) (s) (i) (ii) (t) 55
2. (t) 56
2. (u) (v) (i) (ii) (iii) (iv) (v) 57
2. (w) (x) (y) (a) (i) (ii) (iii) 58
2. (y) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) (z) 59
3. 2 (a) (b) (c) 60
3. (d) (e) 4. 61
4. 1,652,244 940,376 2,592,620 1,287,182 (621,413) 665,769 421,074 250,000 671,074 1,431,840 (23,799) 1,408,041 92,762 92,762 1,097,547 200,212 1,297,759 200,212 200,212 62
4. 509,868 (763,962) (254,094) (281,024) 142,549 (138,475) 548,870 (350,592) 198,278 291,042 350,592 641,634 (a) 1,097,547,0001,652,244,000 1,297,759,0002,592,620,000 (b) 250,000,000 421,074,000671,074,000 (c) 200,212,00092,762,000 (d) 350,592,000763,962,000 350,592,000 142,549,000 63
5. EDS ieds EE EDS ieds EE 1,108 (832) 276 7 EDS 5,500 (4,245) 1,255 34 ieds 1,385,303 (919,542) 465,761 8,505 194,467 (122,728) 71,739 1,190,836 (796,814) 394,022 EE 879,566 (516,416) 363,150 5,400 841,707 (481,999) 359,708 37,859 (34,417) 3,442 202,169 (149,669) 52,500 1,241 116,981 (86,811) 30,170 85,188 (62,858) 22,330 2,473,646 (1,590,704) 882,942 15,187 64
5. EDS 9,615 (7,141) 2,474 67 ieds 1,156,832 (784,683) 372,149 8,010 193,950 (133,084) 60,866 962,882 (651,599) 311,283 EE 688,574 (401,023) 287,551 4,768 658,285 (375,002) 283,283 30,289 (26,021) 4,268 193,433 (133,171) 60,262 1,339 87,492 (60,065) 27,427 105,941 (73,106) 32,835 2,048,454 (1,326,018) 722,436 14,184 15,187 14,184 8,867 8,622 24,054 22,806 65
6. 15,523 20,908 8,257 10,511 43,946 ^ 69,030 51,239 2,230 936 1,896 14,349 3,061 118,606 123,280 ^ 17% 14% 7. (a) 36,302 21,333 43,743 52,784 80,045 74,117 (b) 8,983 8,901 27 11,781 4,785 124,368 79,645 145,132 93,331 (c) 570 579 1,927 1,927 21,557 20,300 5,714 3,307 5,641 13,042 4,910 3,605 52,944 50,203 4 110 6,217 3,849 # 1,590,704 1,326,018 66
7. # 54,453,000 50,490,000 7(b) (c) 8. (a) 100,074 85,580 (2,703) 410 (iv) 1,385 11,516 (iv) 14,000 (6,262) (3,112) 106,494 94,394 (b) 630,318 548,878 178,580 187,755 (iii) (85,624) (66,076) 9,122 12,095 (4,729) (46,771) (3,537) (4,535) (2,703) 410 (iv) 15,385 11,516 106,494 94,394 67
8. (b) (i) (ii) (iii) 25%(a) 15% (b) 12.5% (iv) 10% 25% 5% 68
9. 977 15 992 781 15 796 781 15 796 781 781 * 586 15 601 537 537 293 293 195 195 * 195 195 1,220 3,906 60 5,186 * 69
9. 954 13 967 764 13 777 764 13 426 1,203 769 769 572 13 339 924 504 504 263 263 175 175 175 175 1,117 3,823 52 765 5,757 500,000 8 1 500,001 1,000,000 1 7 9 8 70
10. 9 1,270 1,209 819 127 127 1,397 2,155 1,000,001 1,500,000 1 1,500,001 2,000,000 1 1 1 2 11. 2,385 (2,230) 155 71
12. (a) 519,884,000 458,917,000 749,227,000 753,612,000 773,769 776,469 (185) (24,542) (22,672) 749,227 753,612 (b) 519,884,000 458,917,000 749,257,000 753,684,000 27 749,227 753,612 30 72 749,257 753,684 72
13. 187,267 67,427 8,596 10,491 273,781 273,781 749 2,000 674 3,343 6,766 6,766 9,228 9,228 9,228 (350) (350) (350) 9 1 10 10 188,025 78,305 9,270 13,835 289,435 289,435 188,025 78,305 9,270 13,835 289,435 289,435 1,750 1,147 1,533 4,125 8,555 51,680 60,235 110 110 110 (143) (143) (143) 18 2 20 20 189,793 79,419 10,803 17,962 297,977 51,680 349,657 25,100 26,444 4,601 5,559 61,704 61,704 10,112 6,782 1,363 2,043 20,300 20,300 (240) (240) (240) 9 1 10 10 35,221 32,986 5,964 7,603 81,774 81,774 35,221 32,986 5,964 7,603 81,774 81,774 10,613 6,722 1,509 2,713 21,557 21,557 (139) (139) (139) 19 3 22 22 45,853 39,569 7,473 10,319 103,214 103,214 143,940 39,850 3,330 7,643 194,763 51,680 246,443 152,804 45,319 3,306 6,232 207,661 207,661 73
13. 50 46,752,00051,680,000 49,312,000 54,192,000 14. 5,312 1,373 70,347 13,167 (110) (9,228) 75,549 5,312 74
15. 619 18,293 5,205 24,117 226 226 (18,293) (18,293) (240) (240) 845 4,965 5,810 845 4,965 5,810 54 10 64 (90) (90) 899 4,885 5,784 247 18,293 543 19,083 83 496 579 (18,293) (18,293) 330 1,039 1,369 330 1,039 1,369 91 479 570 421 1,518 1,939 478 3,367 3,845 515 3,926 4,441 75
16. 83,526 83,526 6,176 4,249 1,927 1,927 8,103 6,176 75,423 77,350 50 17. 1,000 100% 1 100,000 100,000 100% (ii) 10,000,000 60% (i) 71,000,000 100% (i) 16,250,000 100% 76
17. (i) 110,000,000 100% (ii) 4,000,000 60% (ii) 5,000,000 100% (ii) 60,000,000 100% (i) 8,000,000 100% (i) 8,000,000 100% (ii) 35,000,000 100% Temper Energy International, 257,760 100% Sociedad Limitada 3.1 (i) 2,800,000 100% 77
17. (i) (ii) 18. 30,180,000 19. 54,845 29,444 17,337 70,315 30,789 29,932 102,971 129,691 20. 2,922,656 1,368,862 1,282,435 805,715 165,204 149,644 27,068 6,450 233,570 261,949 4,630,933 2,592,620 1,282,435,000 805,715,000 78
20. (a) 2(1)(i) 25,652 12,610 5,641 13,042 (2,828) 14 28,479 25,652 (b) 2,960,660 1,153,923 467,610 573,909 85,774 71,959 219,169 116,754 664,150 414,126 1,436,703 1,176,748 4,397,363 2,330,671 79
20. (b) 2,105,235,000 (i) (ii) 21. 2425 22. 35,500,000 64,000,000 130,000,000 62,000,000 68,300,000 24 23. (a) 421,655 155,285 244,114 155,285 665,769 50,000 155,285 715,769 18,228,000 658,492,000 80
23. (b) 630,318 548,878 7(c) 570 579 7(c) 1,927 1,927 7(c) 21,557 20,300 7(a) 80,045 74,117 6 (10,511) (43,946) 6 (15,523) (20,908) 6 (8,257) 7(c) 4 110 6 (2,230) 7(c) 5,641 13,042 27 11,781 4,785 6,959 3,849 (28,129) (60,722) (2,094,155) (1,302,066) 252,500 551,602 (1,145,273) (210,683) (c) (i) 51,680,000 (ii) 54,849,000 81
24. 1.30% 6.50% 2.35% 5.60% (i) 64,000,000 (ii) 246,980,000 909,253,000 25. 1,289,704 896,079 231,071 391,622 11,274 20,616 138,043 99,724 1,670,092 1,408,041 21 1,185,052 1,022,505 273,221 224,057 62,502 41,139 1,520,775 1,287,701 82
26. 20% 22%20% 22% 5%30,000 25,000 23.6% 4.7%23.6% 4.7% 3,642.00 3,597.00 1535 27. 1%7,781,250 10% 83
27. 26,763 99,690 3,980 24,710 (4,380) (15,929) 26,363 108,471 (2,020) (8,350) 24,343 100,121 2,020,000 4,380,000 1,390 1,390 5.79 8,044 630 630 5.93 3,737 2,020 2,020 11,781 84
28. (a) 8,111 9,496 50,199 49,204 (b) 2,430 1,873 (2,574) 544 2,273 8(a) 2,133 433 234 312 3,112 4,563 2,306 (2,340) 856 5,385 4,563 2,306 (2,340) 856 5,385 8(a) 85 5,318 274 585 (14,000) (7,738) 4,648 7,624 (2,066) 1,441 (14,000) (2,353) 13,713 7,725 (16,066) (2,340) (2,353) 5,385 85
28. (c) 5%5% 8(b)(iii)1,521,194,000 1,310,120,000 29. (a) 66,241 (99,690) 817,123 9,218 141 (155) (78,583) 3,890 718,185 52,137 52,137 155 16,244 16,399 155 16,244 52,137 68,536 29(b)(ii) (100,958) (100,958) 29(b)(ii) (84,715) (84,715) 29(c) (231) (16,226) 231 (16,226) 27 (24,710) (24,710) 4,785 4,785 27 15,929 (15,929) 66,010 (108,471) 615,224 (1,926) 372 (62,339) 56,027 564,897 86
29. (a) 66,010 (108,471) 615,224 (1,926) 372 (62,339) 56,027 564,897 81,744 81,744 19,054 19,054 19,054 81,744 100,798 29(b)(ii) (109,144) (109,144) 29(b)(ii) (114,072) (114,072) 27 11,781 11,781 27 8,350 (8,350) 29(b)(i) (162,158) (162,158) 29(b)(i) (126,779) (126,779) 66,010 (100,121) 103,071 1,505 372 (43,285) 137,771 165,323 (b) (i) 26 162,158 20 18 126,779 109,144 13 81,555 19 114,072 370,492 223,216 87
29. (b) (ii) 1817 109,144 100,958 1914 114,072 84,715 223,216 185,673 (c) 2,000,000,0000.1 200,000 200,000 0.10 776,469 77,647 66,241 0.10 (2,700) (270) (231) 0.10 773,769 77,377 66,010 88
29. (d) (i) (ii) (iii) (iv) 10% 50% 25% (v) (vi) (vii) 2(e) 2(l)(i) (viii) 2(w) 89
29. (e) 120,483,000 627,497,00081,555,000 29(b)(i) (f) 30. (a) 90
30. (a) 10,000,000 909,253,000 4% 18%5% 17% (b) 91
30. (b) 1,851,562 1,915,102 1,915,102 671,074 679,289 679,289 1,670,092 1,670,092 1,670,092 1,408,041 1,408,041 1,408,041 26,556 26,556 26,556 92,762 92,762 92,762 3,548,210 3,611,750 3,611,750 2,171,877 2,180,092 2,180,092 909,253,000 (c) 5.35 6.50% 1,159,253 2.45 5.60% 337,502 1.30 5.35% 692,309 2.35 2.77% 333,572 1,851,562 671,074 6,465,000 3,115,000 92
30. (c) (d) (e) 31. (a) 13,599 156,890 164,100 156,890 177,699 93
31. (b) 2,375 2,425 1,330 2,839 741 4,446 5,264 32. (a) 26,556,000 92,762,000 (b) 9 10 7,245 7,662 247 331 3,442 7,492 11,435 7(b) (c) 32(a) 32(b) 14A 14A.90 14A.95 94
33. 39,997 28,214 237,928 472,137 277,925 500,351 11,819 11,183 387 53,366 12,206 64,549 124,781 27 3 124,808 3 (112,602) 64,546 165,323 564,897 29(a) 66,010 66,010 99,313 498,887 165,323 564,897 95
34. 35. 1 15 9 96