Fairwood Annual Report

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  • Topic: Board of directors, Non-executive director, Executive director
  • Pages : 166 (34674 words )
  • Download(s) : 429
  • Published : November 28, 2012
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Contents
Corporate Information Highlights and Financial Calendar Chairman’s Statement Financial Review Profile of Directors Report of the Directors Corporate Governance Report Independent Auditor’s Report Consolidated Income Statement Consolidated Statement of Comprehensive Income Consolidated Statement of Financial Position Statement of Financial Position Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Financial Statements Principal Subsidiaries Five-Year Group Financial Summary Investment Properties Held by the Group

2 4 6 12 15 18 33 41 43 44 45 47 48 49 51 131 134 136

Corporate Information

BOARD OF DIRECTORS
Executive Directors Dennis Lo Hoi Yeung (Executive Chairman) Chan Chee Shing (Chief Executive Officer) Mak Yee Mei Non-executive Director Ng Chi Keung Independent Non-executive Directors Joseph Chan Kai Nin Peter Lau Kwok Kuen Tony Tsoi Tong Hoo Peter Wan Kam To

AUDIT COMMITTEE
Peter Wan Kam To (Chairman) Ng Chi Keung Joseph Chan Kai Nin Tony Tsoi Tong Hoo

REMUNERATION COMMITTEE
Joseph Chan Kai Nin (Chairman) Ng Chi Keung Peter Lau Kwok Kuen

NOMINATION COMMITTEE
Dennis Lo Hoi Yeung (Chairman) Peter Lau Kwok Kuen Peter Wan Kam To

COMPANY SECRETARY
Mak Yee Mei

AUDITOR
KPMG

SOLICITORS
Mayer Brown JSM Reed Smith Richards Butler

2

FAIRWOOD HOLDINGS LIMITED

PUBLIC RELATIONS CONSULTANT
Strategic Financial Relations Limited Unit A, 29/F, Admiralty Centre 1 18 Harcourt Road, Hong Kong

A

PRINCIPAL BANKERS
Standard Chartered Bank (Hong Kong) Limited The Bank of East Asia, Limited DBS Bank (Hong Kong) Limited The Hongkong and Shanghai Banking Corporation Limited The Bank of Tokyo-Mitsubishi UFJ, Limited Hang Seng Bank Limited Nanyang Commercial Bank, Limited Chong Hing Bank Limited Bank of China (Hong Kong) Limited UBS AG

UFJ

UBS AG

REGISTERED OFFICE
Canon’s Court, 22 Victoria Street Hamilton HM12, Bermuda Canon’s Court, 22 Victoria Street Hamilton HM12, Bermuda

HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS
2/F, TRP Commercial Centre 18 Tanner Road, North Point, Hong Kong

PRINCIPAL REGISTRAR AND TRANSFER OFFICE
HSBC Securities Services (Bermuda) Limited 6 Front Street, Hamilton HM11 Bermuda HSBC Securities Services (Bermuda) Limited 6 Front Street, Hamilton HM11 Bermuda

HONG KONG BRANCH REGISTRAR AND TRANSFER OFFICE
Computershare Hong Kong Investor Services Limited Rooms 1712-6, 17/F, Hopewell Centre 183 Queen’s Road East, Hong Kong

WEBSITE
www.fairwood.com.hk www.fairwood.com.hk

STOCK CODE
52 52

3

Highlights and Financial Calendar

HIGHLIGHTS
18.295 9.8% 1.306 5.4% 38.0 40.0 39% 100.0 72.0 16.659 1.238 Turnover was HK$1,829.5 million (2011: HK$1,665.9 million), up 9.8% Profit was HK$130.6 million (2011: HK$123.8 million), up 5.4% Proposed final dividend of HK38.0 cents per share and a special final dividend of HK40.0 cents per share to commemorate the 40th anniversary, representing a total dividend per share for the year increased by 39% to HK100.0 cents (2011: HK72.0 cents) Gross profit margin was 13.4% (2011: 14.5%) 24.6% 98.55 Return on average equity1 was 24.1% (2011: 24.6%) Basic earnings per share were HK104.45 cents (2011: HK98.55 cents) The year 2012 marked the 40th anniversary of Fairwood, our efforts had been recognised and obtained a number of awards related to brand, service and human resources management during the year 1 Note 1: Return on average equity is defined as profit for the year attributable to equity shareholders of the Company excluding the compensation received for surrender of a tenancy lease and the gain on disposal of non-current assets held for sale against the average total equity at the beginning and the end of the year

13.4%
1

14.5% 24.1% 104.45

FINANCIAL CALENDAR
Interim results announcement Paid date of the interim dividend Annual results announcement 29 November 2011 23 December 2011 27 June 2012

Closure of register of members – Annual general meeting...
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