33030226_Cover_C_8.5mm.pdf 1 13年12月11日 下午3:18 C M Y CM MY CY CMY K
2 3 4-7 8-11 12 13-17 18-29 30-36 37-43 44-45 46-54 55-145 146-147 148
% 1,480.8 1,468.6 +0.83% 88.2 74.4 +18.6% 109.0 95.2 +14.5% 73.1 60.6 +20.6% 7.42 6.20 +19.7% 2
1,480,800,000 0.83% 73,100,000 20.6% 7.42 19.7% 113,600,000 Spear & Jackson Robert Machinist DAVID H. CLARKE 2013 3
20.6% 0.83% 1,480,800,000 29.78% 79,600,000 43% 113,600,000 13.5% 8.5% 5.6% (+9%) (+3.7%) 3,300,000 569.7% 22,300,000 9.6% Spear & Jackson Kew Gardens 37 Garden TidyKew Kids Spear & Jackson Spear & Jackson 4
Neverbend Professional Colours 19 Eclipse 27 3 Spear & Jackson France SPEAR IT Filtramag+ Filtramag Micromag Automag Eclipse 2013 5
Machine Guard MGL Eclipse 1500N 1000N Bowers MicroGauge 1-6 USB Moore & Wright Baty Venture Plus Venture Plus Vision System X & Y 1000 x 1000 1500 x 1000 Baty Fusion 2.8 1.8 3.5 6
HENRY W. LIM 2013 7
David Howard Clarke Clarke Clarke Jacuzzi Brands, Inc.Jacuzzi Jacuzzi Clarke Hanson plc Clarke Franklin Resources, Inc. Fiduciary Trust Company InternationalClarke GSB Holdings, Inc. Sino Resources Mining Corporation Limited E-commerce Logistics Group Henry Woon-Hoe Lim Lim Lim Lim Morrison Express Corporation Nanyang University Fritz Companies, Inc. 8
Patrick John Dyson Dyson Dyson Spear & Jackson, Inc. Spear & Jackson plcdyson University of Leeds Kelly Lee Lee Lee (Columbia Business School) Franklin & Marshall College Lee Lee Anthony Lee Lee Lee (AMWA) Lee Woodsworth College Lee Lee 2013 9
Eton Properties Limited Eton 29 10
1808 + 2366 4173 GigaMedia Limited GIGM (Florida International University) (Barry University) 18 2013 11
Alaina Shone Spear & Jackson Mark B Franckel Spear & Jackson Alexander (Sandy) Boyd Steve White 12
Spear & Jackson (OEM) (EMS) LED www.pantene.com.hk OEM/ODM OEM/ODM www.alford.com.hk 2013 13
SPEAR & JACKSON Spear & Jackson Spear & Jackson Spear & Jackson Spear & Jackson Spear & Jackson www.spearandjacksongroup.com Spear & Jackson Eclipse Tools Robert Sorby Limited Spear & Jackson Eclipse Tools Spear & Jackson Eclipse WHS Tyzack Elliott Lucas 100 Spear & Jackson Eclipse Tools Spear & Jackson France Spear & Jackson Forges de Lavieu Forges de Lavieu Karamel & Jeremy Spear & Jackson France 14
Spear & Jackson (Australia) Spear and Jackson (New Zealand) www.spear-and-jackson.com www.eclipse-tools.com www.eclipsetoolsinc.com www.spearandjackson.com.au/ www.spear-and-jackson.com/fr Robert Sorby Robert Sorby Robert Sorby www.robert-sorby.co.uk Bowers CV Instruments Moore & Wright Baty International 50 Bradford Bowers XT Bowers Divisional HQ 2013 15
Bowers Bowers Bowers SmartPlugs CV Instruments Bowers Group Bowers Shanghai Bowers www.bowers.co.uk www.bowersmetrology.com www.bowers-shanghai.com Moore & Wright Moore & Wright Moore & Wright www.moore-and-wright.com Baty International Baty International Baty International Harpenden Baty Baty International ISO 9001:2008 www.baty.co.uk www.cvinstruments.com 16
Eclipse Eclipse (OEM) Eclipse Magnetics 20,000 Eclipse Tools North America Bowers Eclipse www.eclipse-magnetics.co.uk www.boilermag.com 2013 17
18.6% 88,200,000 19.7% 7.42 226,300,000 13.5% Spear & Jackson Australia Spear & Jackson Australia 34,000,000 23,500,000 1,480,800,000 1,468,600,000 0.83% 29.8% 88,200,000 13,800,000 18.6% 109,000,000 95,200,000 13,800,000 14.5% 18
100,600,000 85,400,000 27,500,000 24,800,000 73,100,000 60,600,000 20.6% 7.42 6.20 8.5% 10% S&J UK 6% Spear & Jackson Kew 2013 19
DIY DIY Eclipse Spear & Jackson S&J UK Eclipse Eclipse Eclipse 20
Spear & Jackson Spear & Jackson Kew S&J UK 40% Eclipse Eclipse Eclipse S&J UK Robert Sorby Robert Sorby Sorby Sorby Sorby Sorby Turners Retreat Sorby Sorby Turners 12% Turnmaster ProEdge CD YouTube Flash 2013 21
Spear & Jackson France 10% Spear & Jackson Australia New Zealand DIY 2.2% 2.2% 22
Bowers (Machine Tool Association) Bowers UK Bordon, Hampshire Air Gauge Bradford Burgess Hill Camberley, Surrey Stuttgar Baty 2013 23
4% Boilermag 68% Boilermag Boilermag Boilermag XL XT Boilermag (OEM) 24
Eclipse Tools North AmericaETNA ETNA Eclipse Blue Range 13.5% 11,600,000 EMS 2013 25
Spear & Jackson Spear & Jackson Eclipse WHS Tyzack Elliott Lucas Spear & Jackson Robert Sorby Forges de Lavieu Moore & Wright Bowers 50 Baty Eclipse Magnetics 187.6 156.3 (74.0) (76.7) 113.6 79.6 455.9 381.9 16.23% 20.08% 219%213% 26
57,200,000 70,500,000 19,100,000 12,200,000 26,800,000 4,300,000 1,200,000 7,800,000 3,700,000 5,000,000 7,800,000 8,100,000 2,000,000 2,700,000 21,800,000 48,300,000 14,800,000 32,000,000 4,900,000 10,300,000 17,400,000 14% 32% 9% 21% 5% 2013 27
591 1,672 SAP Spear & Jackson 28
34,000,000 23,500,000 2013 29
A.4.1 A.4.2 Anthony Lee Kelly Lee Kelly Lee Robert Barry Machinist David Howard Clarke Henry Woon-Hoe Lim Anthony Lee Kelly Lee 30
15 3.13 2013 31
David Howard Clarke 6/6 1/1 6/6 4/4 2/2 1/1 Henry Woon-Hoe Lim 6/6 1/1 Patrick John Dyson 6/6 1/1 Kelly Lee 2/2 4/5 1/1 5/5 1/1 Anthony Lee 2/2 Kelly Lee 0/0 5/6 4/5 4/4 2/2 1/1 5/6 5/5 2/2 1/1 Robert Barry Machinist 6/6 5/5 4/4 1/1 2/2 6 5 4 2 1 32
3.21 Robert Barry Machinist Robert Barry Machinist Robert Barry Machinist 2013 33
Robert Barry Machinist Robert Barry Machinist 34
3,532,000 2,270,000 44 45 www.upi.com.hk www.irasia.com/listco/hk/upi 2013 35
(i) 173 19 1903-05 (ii) 100 173 19 1903-05 (iii) 173 19 1903-05 36
13 17 46 146 147 35 16 52 59,140,000 11,771,000 70,911,000 (a) (b) 2013 37
David Howard Clarke Henry Woon-Hoe Lim Patrick John Dyson Kelly Lee Anthony Lee Kelly Lee Robert Barry Machinist 111(A) 111(B) A.4.2 Henry Woon-Hoe Lim Patrick John Dyson 115 Anthony Lee Kelly Lee 111(A) A.4.3 111(A) 38
A.4.3 XV XV 7 8 352 (a) 0.10 Anthony Lee 281,313,309 27.92% David Howard Clarke 11,581,200 1.15% 11,397,606 1.13% Patrick John Dyson 2,028,191 0.20% Henry Woon-Hoe Lim 1,026,000 0.10% GSB Holdings, Inc.GSBH David Howard Clarke Great South Beach Improvement Co. 61.4% Great South Beach Improvement Co. GSBH 2013 39
(b) David Howard Clarke 6,000,000 6,000,000 0.60% 4,500,000 4,500,000 0.45% Henry Woon-Hoe Lim 3,000,000 3,000,000 0.30% 336 (a) 80% 23.7.2003 0.286 3,773,165 3,773,165 40
(b) 5% 21,531,217 2.14% (i) (ii) (iii) 13,500,000 13,500,000 0.10 0.313 David Howard Clarke 28.9.2004 0.193 1,030,331 (1,030,331) 20.12.2004 0.198 875,780 (875,780) 18.6.2012 0.313 6,000,000 6,000,000 28.9.2004 0.193 4,121,320 (4,121,320) 20.12.2004 0.198 3,503,121 (3,503,121) 18.6.2012 0.313 4,500,000 4,500,000 Henry Woon-Hoe Lim 18.6.2012 0.313 3,000,000 3,000,000 23,030,552 (9,530,552) 13,500,000 28.9.2004 0.193 412,131 (412,131) 20.12.2004 0.198 350,313 (350,313) 23,792,996 (10,292,996) 13,500,000 2013 41
36 18 Pantronics Holdings Limited 1,072,000 0.10 14% 32% 9% 21% 5% 42
36 25% 30 36 3.13 BDO DAVID HOWARD CLARKE 2013 43
46 145 90 44
P04434 2013 45
5 1,480,767 1,468,610 (1,039,831) (1,030,994) 440,936 437,616 6 7,530 4,354 7 12,395 11,796 (226,918) (223,534) (133,383) (144,058) 8 (3,916) (3,284) 9 (3,345) (3,921) 21 6,922 4,452 1,186 600 (839) 1,361 10 100,568 85,382 12 (27,518) (24,808) 73,050 60,574 73,050 60,574 15 7.42 6.20 7.42 6.18 46
73,050 60,574 15,917 (99,724) (2,759) 9,856 (351) (839) 839 (1,361) (681) (113) (1,186) (600) 11,779 (92,781) 84,829 (32,207) 2013 47
16 177,694 187,854 17 459 494 18 2,419 2,432 19 75 164 21 10,052 7,007 22 1,921 2,593 34 48,005 72,203 240,625 272,747 23 289,815 272,735 24 295,593 281,915 26 5,000 27 187,565 151,357 772,973 711,007 28 266,297 251,911 29 63,020 57,103 30 6,112 8,127 31 3,860 4,121 25 351 2,874 13,478 9,020 353,118 333,156 419,855 377,851 660,480 650,598 48
29 2,400 30 4,847 9,104 33 189,627 245,217 34 10,140 11,973 204,614 268,694 455,866 381,904 35 100,744 99,338 37(a) 355,122 282,566 455,866 381,904 46 145 DAVID HOWARD CLARKE PATRICK JOHN DYSON 2013 49
16 295 377 20 97,802 97,802 22 1,194 1,875 99,291 100,054 24 595 647 20 220,351 216,766 18,641 26,762 239,587 244,175 28 7,441 6,859 20 127,261 128,987 134,702 135,846 104,885 108,329 204,176 208,383 204,176 208,383 35 100,744 99,338 37(b) 103,432 109,045 204,176 208,383 50
* * * * * * * * * * 99,185 40,050 (5,365) 528 1,442 19,870 (62,342) 1,361 323,842 418,571 13 (4,887) (4,887) 153 145 298 129 129 153 145 129 (4,887) (4,460) 60,574 60,574 9,856 9,856 25 (839) (839) 25 (1,361) (1,361) (600) (600) (113) (113) (99,724) (99,724) 9,256 (2,200) (113) (39,150) (32,207) 99,338 40,195 (5,365) 657 1,442 19,870 (53,086) (839) (113) 279,805 381,904 2013 51
* * * * * * * * * * 99,338 40,195 (5,365) 657 1,442 19,870 (53,086) (839) (113) 279,805 381,904 13 (14,777) (14,777) 1,406 2,211 (528) 3,089 384 384 397 40 437 1,406 2,211 397 (144) 40 (14,777) (10,867) 73,050 73,050 (2,759) (2,759) 25 (351) (351) 25 839 839 (1,186) (1,186) (681) (681) 15,917 15,917 (3,945) 488 (681) 88,967 84,829 100,744 42,406 (4,968) 513 40 1,442 19,870 (57,031) (351) (794) 353,995 455,866 * 355,122,000 282,566,000 52
100,568 85,382 (1,432) (957) 2,655 3,122 690 799 (10,963) (10,839) 3,497 2,940 (6,922) (4,452) (34) 165 390 20,609 20,405 35 35 (597) 161 3,304 243 839 (1,361) 384 129 (1,186) (600) 3,916 3,284 115,562 98,647 (24,534) 7,720 (18,363) (26,669) 16,124 13,877 (4,328) (3,654) (19,112) (12,218) 65,349 77,703 (8,161) (7,249) 57,188 70,454 2013 53
(7,787) (8,071) 1,440 957 44 3,737 2,737 (1,101) (1,503) 5,000 (84) (1,967) 1,205 (7,803) (8,467) (7,803) (2,977) (3,122) (690) (799) 1,227 (3,557) (2,400) (38,792) 13 (14,777) (4,887) 18,367 3,089 298 2,791 (8,054) 437 (21,767) (48,349) 36,626 14,302 (1,760) 1,208 138,139 122,629 173,005 138,139 27 187,565 151,357 29 (14,560) (13,218) 173,005 138,139 38 54
1. (OEM) (EMS) 20 2013 55
2. 1 1 (1) 32 (2) 36 (2) 7 (1) 9 (3) 10 (1) 12 (1) 13 (1) 27 (1) 28 (1) 19 (1) 1 (1) 1 2 3 56
2. (i) 1 1.41-44 8 (ii) 16 (iii) 32 12 (iv) 34 32 32 7 7 32 32 2013 57
2. 9 9 9 39 9 39 10 10 10 50% 10 27 10 13 13 7 13 13 58
2. 19 19 19 19 19 21,206,000 17,999,000 21,896,000 18,689,000 (a) (b) (c) (d) 2013 59
3. 2 4 60
3. 3 12 19 2 5 12 (i) (ii) 2013 61
3. 62
3. (a) (b) (c) (d) 2013 63
3. 64
3. 2013 65
3. 66
3. 2013 67
3. 68
3. 2013 69
3. 70
3. 2013 71
3. 72
3. Spear & Jackson Limited 2013 73
3. (a) (i) (ii) (iii) (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (i) (ii) (iii) 74
3. (OEM) (EMS) 8 8 2013 75
4. (a) 76
4. (b) (c) 2013 77
4. Spear & Jackson Limited Atlas Way 50% 39 1,500,000 19,100,000 1,100,000 12,200,000 78
4. 2,100,000 26,000,000 17 4.2% 24,500,000 303,000,000 2013 79
4. 19 19 25 +1.5 +53.9 25-1.5-57.7 25 +0.81 +17.6 25-0.81-16.3 +2.80 +57.7-2.80-57.7 80
4. 3 5. (OEM) (EMS) 2013 81
5. 325,245 615,222 182,111 131,907 226,282 1,480,767 1,666 4,303 358 6,327 325,245 616,888 186,414 132,265 226,282 1,487,094 27,474 22,550 29,461 24,069 11,708 115,262 (541) (2,491) 851 (2,181) 6,922 6,922 1,186 1,186 6 2,337 (131) (124) 2,088 28,125 22,396 30,181 30,991 11,584 123,277 178,066 429,327 193,349 124,914 124,008 1,049,664 84,982 378,013 82,165 36,725 65,394 647,279 1,958 1,866 2,171 378 881 7,254 2,199 3,702 2,198 85 2,322 10,506 12 90 63 165 35 35 (1,009) 289 205 (92) 10 (597) 1,897 897 392 156 (1,320) 2,022 82
5. 355,405 606,943 181,206 125,685 199,371 1,468,610 2,036 4,425 1,521 7,982 355,405 608,979 185,631 127,206 199,371 1,476,592 31,347 2,921 29,619 22,789 8,246 94,922 (1,035) (2,795) 546 (3,284) 4,452 4,452 (242) 1,458 (148) (139) 929 31,105 3,344 26,676 27,787 8,107 97,019 170,122 397,284 151,677 104,252 98,131 921,466 85,994 358,631 41,590 52,277 47,493 585,985 4,629 5,948 3,157 955 889 15,578 2,776 7,664 3,245 882 2,289 16,856 367 23 390 35 35 202 (199) 277 106 (225) 161 86 (534) (3,276) 1,376 2,591 243 2013 83
5. 1,487,094 1,476,592 (6,327) (7,982) 1,480,767 1,468,610 123,277 97,019 (839) 1,361 600 6,962 6,946 (27,097) (20,544) (1,735) 100,568 85,382 1,049,664 921,466 48,005 72,203 2,419 2,432 75 164 10,052 7,007 1,921 2,593 (98,538) (22,111) 1,013,598 983,754 647,279 585,985 10,140 11,973 (99,687) 3,892 557,732 601,850 84
5. 45,084 29,066 8,655 32,528 53,739 61,594 377,085 399,599 347,064 318,356 103,533 104,313 225,957 217,859 373,389 366,889 1,480,767 1,468,610 10% 14% 206,180,000 10% 146,879,000 11% 161,913,000 128,937 134,235 42,083 40,929 15,229 16,094 2,682 4,235 1,614 1,961 154 497 190,699 197,951 2013 85
6. 1,211 1,297 34 2,567 1,457 3,752 1,566 7,530 4,354 7. 1,432 957 33 10,963 10,839 12,395 11,796 8. 31 4,861 1,934 31 (945) 1,350 3,916 3,284 86
9. 2,655 3,122 690 799 3,345 3,921 10. 11 9,703 8,472 158,617 150,015 32 4,476 4,646 32 5,491 6,159 32 756 700 33 3,497 2,940 99,361 93,199 281,901 266,131 35 35 5,965 6,011 1,305 3,865 20,609 20,405 165 390 (597) 161 3,304 243 12,349 14,231 1,039,831 1,030,994 (34) 839 (1,361) 3,916 3,284 2013 87
11. 12 9 David H Clarke 775 171 686 1,632 Henry W Lim 2,754 85 729 15 3,583 480 128 515 15 1,138 Patrick J Dyson 1,291 218 137 91 1,737 Kelly Lee 146 3 149 * 250 250 * 250 250 Robert B Machinist * 250 250 250 250 250 250 Kelly Lee 26 26 Anthony Lee 94 94 * 94 94 1,464 5,446 384 2,148 137 124 9,703 * Kelly Lee Anthony Lee Kelly Lee Robert B Machinist 88
11. David H Clarke 776 57 624 1,457 Henry W Lim 2,676 29 663 13 3,381 480 43 468 13 1,004 Patrick J Dyson 1,285 149 115 91 1,640 * 198 198 * 198 198 Robert B Machinist * 198 198 198 198 198 198 990 5,217 129 1,904 115 117 8,472 * 2013 89
11. 4,400 5,152 268 228 4,668 5,380 1,000,000 1,000,001 1,500,000 1,500,001 2,000,000 3 2,000,001 2,500,000 2 2 3 1,000,000 2 2 1,000,001 1,500,000 4 8 1,500,001 2,000,000 4 5 2,000,001 2,500,000 2 2,500,001 3,000,000 3,000,001 3,500,000 1 3,500,001 4,000,000 1 13 16 90
12. 3,390 409 760 3,390 1,169 1,487 3,107 276 1,878 4,864 5,505 1,393 1,714 34 (36) 481 597 297 298 8,832 13,063 34 15,296 10,576 27,518 24,808 (a) 16.5%16.5% 2013 91
12. (b) : 100,568 85,382 (25,110) (22,110) (6,731) (3,765) 3,454 1,342 (443) (3,716) 4,612 8,580 1,994 (2,179) c (4,953) (3,080) (341) 120 (27,518) (24,808) (c) 20% 23% 23% 20% 15,296,000 4,953,000 3,080,000 25% 23% (d) 25% 25% 25% 92
13. 1.0 9,942 0.5 5,037 0.5 4,887 14,979 4,887 (202) 14,777 4,887 1.0 5,037,216 0.5 9,941,394 1.0 4,886,761 0.5 14. 73,050,000 60,574,000 7,980,000 8,793,000 2013 93
15. 73,050,000 60,574,000 984,269,710 977,669,792 984,703,825 980,629,508 (i) 993,376,993 991,852,107 a 4,768,838 317,685 (13,876,121) (14,500,000) 984,269,710 977,669,792 7.42 6.20 (ii) 993,376,993 991,852,107 a 4,768,838 317,685 434,115 2,959,716 (13,876,121) (14,500,000) 984,703,825 980,629,508 7.42 6.18 (a) 94
16. 170,354 74,851 23,330 101,832 370,367 118 4,131 5,932 7,258 17,439 (30) (5,467) (610) (6,107) 4,006 1,103 778 1,080 6,967 174,478 80,055 24,573 109,560 388,666 553 4,017 2,857 2,835 10,262 (85) (3,707) (207) (3,999) 2,299 732 (735) 415 2,711 177,330 84,719 22,988 112,603 397,640 26,531 60,541 11,383 85,900 184,355 4,985 4,667 6,067 4,686 20,405 (30) (5,467) (603) (6,100) 567 498 307 780 2,152 32,083 65,676 12,290 90,763 200,812 4,928 4,489 6,156 5,036 20,609 (85) (3,707) (207) (3,999) 2,331 879 491 (1,177) 2,524 39,342 70,959 15,230 94,415 219,946 137,988 13,760 7,758 18,188 177,694 142,395 14,379 12,283 18,797 187,854 2013 95
16. 491 17 508 114 99 213 295 377 10% - 25% 20% - 25% 10% - 33 1 /3% 96
16. 122,319 125,383 15,474 16,675 137,793 142,058 2,475,000 9,368,000 38 13,760,000 14,379,000 7,758,000 12,283,000 18,188,000 18,797,000 5,152,000 5,694,000 7,821,000 11,848,000 1,504,000 1,676,000 30 107,000,000 110,000,000 63,000,000 65,000,000 44,000,000 45,000,000 James Neill 33 2013 97
17. 494 529 (35) (35) 459 494 18. 2,432 2,345 (13) 87 2,419 2,432 Baty International LimitedBaty Bowers Group Limited 10,854,000 6,886,000 3,968,000 8,602,000 2,252,000 98
18. 1,101,000 1,503,000 4.75 2 Baty 19. 462 97 559 (367) (23) (390) 6 (11) (5) 101 63 164 84 84 (90) (63) (12) (165) (11) 3 (8) 75 75 2013 99
20. 97,802 97,802 a 220,351 216,766 b 127,261 128,987 (a) (b) 10,000,000 10,000,000 3,325,000 4,055,000 5% 2,000,000 100% * 100% 22,074,000 Bowers Equipment * 100% Shanghai Co. Limited 4,026,000 Baty International Ltd. 100% 1,819,915 Bowers Group Limited 59,500 100% Bowers Metrology Limited 100 100% CV Instruments Limited 100 100% 100
20. Eclipse Magnetics Limited 80,000 100% * 100% 3,000,000 Eclipse Tools North America, Inc. 100 100% James Neill Holdings Limited 25 100% Moore & Wright Limited 1 100% Neill Tools Limited 100 100% 5,000,000 100% 10,000 100% Rise Up International Limited 1 100% Robert Sorby Limited 1 100% Societé Neill France SA 198,184 100% 2013 101
20. Spear & Jackson 4,640,000 100% (Australia) Pty Limited Spear & Jackson France SA 1,300,000 100% Spear & Jackson 100 100% (UK) Limited Spear & Jackson Group Limited 700,001 100% Spear & Jackson Holdings Limited 25 100% Spear & Jackson Limited 100 100% Spear & Jackson 400,000 100% (New Zealand) Limited * 1,700,000 100% * 102
21. 7,007 5,504 (140) (212) 9,232 5,952 (2,310) (1,500) (3,737) (2,737) 10,052 7,007 Ningbo Hi-tech Assemblies 800,000 25% 25% Co. Ltd. Ningbo Hi-tech Assemblies Co. Ltd. 69,612 58,467 (29,403) (30,439) 40,209 28,028 10,052 7,007 182,022 165,692 27,688 17,808 6,922 4,452 2013 103
22. a 727 718 b 5,801 5,801 (3,813) (3,813) (794) (113) 1,194 1,875 1,921 2,593 2,593 705 1,967 9 34 (681) (113) 1,921 2,593 104
22. b 5,801 5,801 (3,813) (3,813) (794) (113) 1,194 1,875 1,875 1,967 21 (681) (113) 1,194 1,875 2013 105
22. (a) Baty France SARLBFL Bipico Industries (Tools) Private LimitedBITPL Baty International Limited BFL 11% 88,000 87,000 BITPL 639,000 631,000 BITPL 30% BITPL BITPL BITPL BITPL (b) Jed Oil Inc JDO AMEX 0.25%0.25% 23. 58,829 53,105 25,131 25,642 205,855 193,988 289,815 272,735 289,815,000 272,735,000 3,304,000 243,000 106
24. 278,766 274,506 (7,698) (9,959) 271,068 264,547 24,525 17,368 595 647 295,593 281,915 595 647 60 249,687 236,125 61 90 13,839 16,742 91 120 10,422 9,964 120 4,818 11,675 278,766 274,506 30 120 30 120 2013 107
24. 9,959 14,310 772 652 (1,369) (491) 36 157 (1,700) (4,669) 7,698 9,959 91 120 7,017 7,722 120 698 4,069 7,715 11,791 108
25. a 351 839 b 2,035 351 2,874 (a) 39 (b) 1 6 351,000 839,000 839,000 1,361,000 26. 5,000,000 29 39 0.1% 2013 109
27. 38,791,000 14,842,000 28. 157,756 154,738 108,541 97,173 7,441 6,859 266,297 251,911 7,441 6,859 60 124,098 111,425 61 90 23,490 22,758 90 10,168 20,555 157,756 154,738 110
29. 14,560 13,218 17,946 16,720 28,114 24,765 2,400 4,800 63,020 59,503 63,020 57,103 2,400 63,020 59,503 (63,020) (57,103) 2,400 4.5 4.5 7.0 2.5 5.0 2.5 6.0 39 2013 111
30. 6,478 8,805 6,112 8,127 5,011 9,536 4,847 9,104 11,489 18,341 10,959 17,231 (530) (1,110) 10,959 17,231 10,959 17,231 (6,112) (8,127) 4,847 9,104 3.3 7.0 3.3 7.0 16 112
31. 1,859 243 2,102 (304) (1,075) (1,379) 1,350 1,934 3,284 107 7 114 3,012 1,109 4,121 (4,328) (4,328) (945) 4,861 3,916 113 38 151 2,180 1,680 3,860 3,860 4,121 2013 113
32. 786,000 726,000 10 8% 5,491,000 6,159,000 10 4,540,000 4,710,000 10 33. Spear & Jackson Limited Bowers Group Limited James Neill JLT KPMG LLP 1,500,000 19,100,000 1,100,000 12,200,000 114
33. 2,100,000 26,000,000 17 4.2% 24,500,000 303,000,000 AtlasWay 50% 39 Spear & Jackson Limited Bowers Group Limited 105% a 0.00% 0.00% b 3.30% 2.40% c 2.20% 1.60% 4.60% 4.30% RPI 3.40% 2.40% CPI d 2.40% 1.70% 7.85% 6.95% 4.60% 4.30% 6.85% 5.95% 0.50% 0.50% 4.60% 4.30% 4.60% 4.30% 2013 115
33. (a) (b) (c) (d) CPI RPI 65 19.3 21.3 65 21.0 23.3 828,748 825,534 720,195 720,782 598,215 301,054 143,170 324,117 378,404 505,992 57,631 181,055 154,018 146,926 136,425 130,906 15,580 2,634 1,920 1,685 60,458 9,902 10,082 10,268 12,066 14,099 1,366,933 1,309,401 1,192,925 1,243,843 1,178,764 (1,556,560) (1,554,618) (1,325,145) (1,423,147) (1,368,316) (189,627) (245,217) (132,220) (179,304) (189,552) 116
33. 3,497 2,940 (73,863) (79,484) 62,900 68,645 (7,466) (7,899) 1,554,618 1,325,145 (7,180) 51,041 3,497 2,940 (3,260) (1,552) 62,900 68,645 1,760 1,952 (75,192) (69,120) 19,417 175,567 1,556,560 1,554,618 1,309,401 1,192,925 (2,788) 46,324 19,112 12,218 1,760 1,952 73,863 79,484 (75,192) (69,120) 40,777 45,618 1,366,933 1,309,401 114,640,000 125,102,000 2013 117
33. 21,360 (129,949) 5,153,000 16,207,000 (1,556,560) (1,554,618) (1,325,145) (1,423,147) (1,368,316) 1,366,933 1,309,401 1,192,925 1,243,843 1,178,764 (189,627) (245,217) (132,220) (179,304) (189,552) 31,910 40,777 45,618 (66,794) 52,248 93,111 1,366,933,000 1,309,401,000 88% 84% 189,627,000 245,217,000 118
34. 11,617 (13,148) 33,052 6,538 1,227 39,286 12 (2,147) 1,892 (7,254) (2,623) (444) (10,576) 30,225 30,225 852 (717) 375 685 100 1,295 10,322 (11,973) 56,398 4,600 883 60,230 12 (1,687) 1,808 (11,656) (3,074) (687) (15,296) (5,443) (5,443) (125) 25 (1,372) (122) (32) (1,626) 8,510 (10,140) 37,927 1,404 164 37,865 48,005 72,203 (10,140) (11,973) 37,865 60,230 20% 23% 23% 20% 15,296,000 4,953,000 3,080,000 25% 23% 2013 119
34. 328,231 344,195 120,464 121,127 49,494 45,943 414,123 417,058 912,312 928,323 10% 10% 5,350,000 3,809,000 120
35. 0.10 1,500,000,000 150,000,000 1,500,000,000 150,000,000 993,376,993 99,337,699 991,852,107 99,185,210 14,066,161 1,406,616 1,524,886 152,489 1,007,443,154 100,744,315 993,376,993 99,337,699 36 2013 121
36. (a) 80% 10% 25% 21 1 0.286 3,773,165 (3,773,165) 122
36. (b) 5% 12 1% 12 0.1% 5,000,000 (i) (ii) (iii) 30 1 2013 123
36. (b) a b 0.193 5,151,651 (5,151,651) 0.198 4,378,901 (4,378,901) 0.313 13,500,000 13,500,000 23,030,552 (9,530,552) 13,500,000 0.193 412,131 (412,131) 0.198 350,313 (350,313) 23,792,996 (10,292,996) 13,500,000 a 0.193 5,151,651 5,151,651 0.198 4,378,901 4,378,901 0.313 13,500,000 13,500,000 9,530,552 13,500,000 23,030,552 0.193 1,236,393 (824,262) 412,131 0.198 1,050,937 (700,624) 350,313 11,817,882 13,500,000 (1,524,886) 23,792,996 124
36. (b) (a) 13,500,000 13,500,000 0.10 0.313 13,500,000 33% 3 1.50% 0.313 384,000 129,000 (b) 0.571 0.327 (c) 13,500,000 27,566,161 3,181 2,063 2013 125
37. (a) 51 52 48B 49H 40,195 40,050 a 1,683 145 41,878 40,195 (a) 412,131 0.193 38 0.38 350,313 0.198 34 0.38 1,030,331 0.193 96 0.47 875,780 0.198 86 0.47 3,773,165 0.286 702 0.60 4,121,320 0.193 384 0.60 3,503,121 0.198 343 0.60 14,066,161 1,683 412,131 0.193 39 0.285 350,312 0.198 34 0.285 412,131 0.193 38 0.37 350,312 0.198 34 0.37 1,524,886 145 126
37. (a) 14,500,000 0.10 5,365,000 1,072,000 437,000 40,000 14,500,000 5,365 14,500,000 5,365 (1,072,000) (397) 13,428,000 4,968 14,500,000 5,365 2013 127
37. (a) 128
37. (b) 40,050 (5,365) 528 1,442 70,911 (8,678) 98,888 8,793 8,793 (113) (113) (4,887) (4,887) a 5,365 725 6,090 129 129 145 145 145 5,365 129 (113) 725 3,906 10,157 40,195 657 1,442 (113) 725 70,911 (4,772) 109,045 7,980 7,980 (681) (681) b (14,979) (14,979) 384 384 2,211 (528) 1,683 2,211 (144) (681) (6,999) (5,613) 42,406 513 1,442 (794) 725 70,911 (11,771) 103,432 2013 129
37. (b) Pantronics Holdings Limited (a) 6,090,000 Pantronics Holdings Limited 14,500,000 0.10 5,365,000 725,000 (b) 13 38. 2,475,000 9,368,000 16 130
39. Spear & Jackson Limited Bowers Group LimitedUK Group 6,500,000 81,500,000 UK Group UK Group 28,114,000 24,765,000 UK Group 10,529,000 8,431,000 107,000,000 110,000,000 63,000,000 65,000,000 James Neill Atlas Way 50% 44,000,000 45,000,000 16 33 24,377,000 26,307,000 4,031,000 4,787,000 2,400,000 4,800,000 17,946,000 16,720,000 5,000,000 26 10,000,000 1,000,000 482,000 3,745,000 1,269,000 2013 131
40. 36,626 14,302 (1,760) 1,208 34,866 15,510 2,400 38,792 (18,367) (2,791) 8,054 (1,227) 3,557 715 (3,390) 79,623 35,467 113,586 79,623 26 5,000 27 187,565 151,357 29 (63,020) (57,103) 30 (6,112) (8,127) 29 (2,400) 30 (4,847) (9,104) 113,586 79,623 132
41. 42. 24,377,000 23,385,000 43. 2,381 1,891 2013 133
44. 9,989 10,579 12,732 12,266 15,217 16,575 37,938 39,420 1 83 1 84 31 2,180 3,012 134
44. 77 77 307 309 5,176 5,314 5,560 5,700 1 83 1 84 787 1,118 838 787 1,956 3 2013 135
45. Eclipse Magnetics Limited 25% Ningbo Hi-tech Assemblies Co. Ltd.Ningbo Hi-tech 21 Ningbo Hi-tech 28,833,000 21,614,000 Ningbo Hi-tech 4,520,000 1,264,000 Spear & Jackson Limited Bowers Group Limited 33 11 46. 136
46. 6,802 15,190 1,287 (1,109) (33,852) (14,599) 6,980 (33,261) (34,057) 7,730 2,878 3,138 (1,273) (21,320) (11,283) 9,595 (29,725) 11,650 (71,257) 2013 137
46. 5% 5% 5% 933 777 374 426 356 283 349 (480) 29 9,100,000 7,900,000 1% 2,200,000 1,500,000 22 138
46. 108,193,000 95,639,000 24,377,000 23,385,000 30 2013 139
46. 157,756 157,756 157,756 108,541 108,541 108,541 63,079 63,079 63,020 6,478 5,011 11,489 10,959 2,180 2,180 2,180 338,034 5,011 343,045 342,456 33,593 33,593 (33,242) (33,242) 351 351 7,441 7,441 7,441 127,261 127,261 127,261 134,702 134,702 134,702 42 24,377 24,377 140
46. 154,738 154,738 154,738 97,173 97,173 97,173 57,270 2,459 59,729 59,503 8,805 9,536 18,341 17,231 3,012 3,012 3,012 320,998 11,995 332,993 331,657 82,907 82,907 (80,061) (80,061) 2,846 2,846 6,859 6,859 6,959 128,987 128,987 128,987 135,846 135,846 135,946 42 23,385 23,385 2013 141
46. 187,565 151,357 18,641 26,762 5,000 295,593 281,915 595 647 220,351 216,766 1,921 2,593 1,194 1,875 485,079 440,865 240,781 246,050 266,297 251,911 7,441 6,859 63,020 59,503 10,959 17,231 2,180 3,012 127,261 128,987 351 2,874 342,807 334,531 134,702 135,846 142
46. 2013 143
46. 1,194 1,194 1,875 1,875 1,194 1,194 1,875 1,875 351 351 2,874 2,874 351 351 2,874 2,874 1,194 (351) 843 1,875 (2,874) (999) 1,194 1,194 1,875 1,875 1,194 1,194 1,875 1,875 25 144
47. 455,866 381,904 2013 145
962,622 1,145,529 1,276,962 1,468,610 1,480,767 (711,786) (807,472) (906,164) (1,030,994) (1,039,831) 250,836 338,057 370,798 437,616 440,936 8,988 18,960 7,204 4,354 7,530 829 5,618 12,292 11,796 12,395 (167,666) (191,733) (219,036) (223,534) (226,918) (63,409) (100,704) (104,081) (144,058) (133,383) (6,779) (21,047) (11,135) (3,284) (3,916) (2,015) (16,454) (6,915) (5,573) (3,921) (3,345) 664 1,959 2,848 4,452 6,922 (772) (1,502) (2,076) 1,361 (839) 10,616 600 1,186 (3,813) 13,812 39,906 51,241 85,382 100,568 (6,587) (12,877) (17,471) (24,808) (27,518) 7,225 27,029 33,770 60,574 73,050 (6,441) (30,608) 3,979 784 (3,579) 37,749 60,574 73,050 784 (3,579) 37,749 60,574 73,050 7,700 4,924 4,887 14,777 0.09 (0.37 ) 3.86 6.20 7.42 3.85 6.18 7.42 0.86 2.86 3.45 6.20 7.42 2.74 3.44 6.18 7.42 146
929,614 980,887 918,481 983,754 1,013,598 (559,879) (629,248) (499,910) (601,850) (557,732) 369,735 351,639 418,571 381,904 455,866 369,735 351,639 418,571 381,904 455,866 2013 147
David Howard Clarke Henry Woon-Hoe Lim Patrick John Dyson Kelly Lee Anthony Lee 173 19 1903-05 (852) 2802 9988 (852) 2802 9163 www.upi.com.hk, www.irasia.com/listco/hk/upi HSBC Securities Services (Bermuda) Limited 6 Front Street, Hamilton HM11, Bermuda 28 26 Alaina Shone Patrick John Dyson Clarendon House Church Street, Hamilton HM 11, Bermuda 148
33030226_Cover_C_8.5mm.pdf 1 13年12月11日 下午3:18 C M Y CM MY CY CMY K