Report on Cafe de Coral

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CAFÉ DE CORAL HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability) Stock Code : 341

Annual Report 2010

Contents

Directors and Corporate Information Financial Highlights and Calendar Chairman’s Statement

2 3 6 10 18 24 36 51 53 55 56 57 58 60 61

Managing Director’s Operational Review Biography of Directors and Senior Management Corporate Governance and Corporate Social Responsibility Report Report of the Directors Independent Auditor’s Report Consolidated Statement of Financial Position Statement of Financial Position Consolidated Income Statement – By Function of Expense Consolidated Statement of Comprehensive Income Consolidated Statement of Changes In Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements

Principal Properties held for Investment Purposes 143 Five-Year Summary 144

2

Directors and Corporate Information

BOARD OF DIRECTORS
Executive Directors Mr. Chan Yue Kwong, Michael (Chairman) Mr. Lo Hoi Kwong, Sunny (Managing Director) Ms. Lo Pik Ling, Anita Mr. Lo Tak Shing, Peter Non-executive Directors Mr. Lo Tang Seong, Victor Mr. Lo Ming Shing, Ian Mr. Hui Tung Wah, Samuel Mr. Choi Ngai Min, Michael* Mr. Li Kwok Sing, Aubrey* Mr. Kwok Lam Kwong, Larry* Mr. Look Guy* * Independent Non-executive Directors

AUDITORS
PricewaterhouseCoopers

SOLICITORS
JSM

PRINCIPAL BANKERS
Bank of China (Hong Kong) Limited Bank of Communications Co., Ltd. The Bank of Tokyo-Mitsubishi UFJ, Ltd. BNP Paribas Credit Agricole Corporate and Investment Bank China Construction Bank Corporation Hang Seng Bank Limited The Hongkong and Shanghai Banking Corporation Limited Mizuho Corporate Bank, Ltd. Standard Chartered Bank (Hong Kong) Ltd.

BERMUDA SHARE REGISTRARS
HSBC Bank Bermuda Limited (previously known as “The Bank of Bermuda Limited”)

COMPANY SECRETARIES
Ms. Li Oi Chun, Helen Mr. To Hon Fai, Alfred

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

HONG KONG BRANCH SHARE REGISTRARS
Computershare Hong Kong Investor Services Limited

WEBSITE HEAD OFFICE
10th Floor, Café de Coral Centre 5 Wo Shui Street, Fo Tan Shatin, New Territories, Hong Kong http://www.cafedecoral.com

STOCK CODE
341

Café de Coral Holdings Limited

Annual Report 2010

Financial Highlights and Calendar

3

FINANCIAL HIGHLIGHTS
Year ended 31st March, 2010 HK$’000 4,882,668 2009 HK$’000 4,673,609 Change % 4.5

Revenue Profit attributable to equity holders of the Company Total assets Net assets Basic earnings per share Interim and final dividends per share Special dividend per share Net assets per share

513,232 3,502,401 2,855,000 92.16 HK cents 62 HK cents – HK$5.11

441,866 2,970,949 2,377,193 79.77 HK cents 53 HK cents 15 HK cents HK$4.28

16.2 17.9 20.1 15.5 17.0 N/A 19.4

FINANCIAL CALENDAR
Half year results Full year results Annual Report Closure of register of members for the proposed final dividend Annual General Meeting Dividends Announcement on 25th November, 2009 Announcement on 29th June, 2010 Despatched to shareholders in late July, 2010 16th September, 2010 to 20th September, 2010

20th September, 2010 Interim: 17 HK cents per share paid on 29th December, 2009 Final: 45 HK cents per share payable on 29th September, 2010

Café de Coral Holdings Limited

Annual Report 2010

4

HIGHLIGHTS
• • • • • • • Group turnover reached historical high at HK$4.88 billion. Profit increased by 16% exceeding the HK$500 million mark. Continuous dividend increase for the 12th consecutive years. Aggressive development pace both in Hong Kong and China with 46 new outlets added during the year. Sizable platform of 50 units developed in mid-priced western restaurant sector. Manchu WOK business performance improved substantially after the 3-year consolidation program. Management succession plan in place to prepare for upcoming 25th Public Listing Anniversary.

Café de Coral Group Strategic Businesses
QSR
Café de...
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