DOCSLIB.ORG

2019 Annual Report 1 (I) Definitions

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Annual Report 1 (I) Definitions Contents (I) Definitions.................................... 2 (II) Corporate Information .......................... 4 (III) Financial and Business Data Summary ............. 6 (IV) Corporate Profile .............................. 8 (V) Management Discussion and Analysis ............. 19 (VI) Report of the Directors .......................... 41 (VII) Share Capital and Shareholdings of Substantial 49 Shareholders and the Directors ................... (VIII) Basic Information on Directors, Senior Management 55 and Employees................................ (IX) Report on Corporate Governance ................. 63 (X) Major Events.................................. 84 (XI) Independent Auditor’s Report .................... 93 (XII) Consolidated Statement of Profit or Loss............ 102 (XIII) Consolidated Statement of Profit or Loss and Other 103 Comprehensive Income ......................... (XIV) Consolidated Statement of Financial Position ........ 104 (XV) Consolidated Statement of Changes in Equity........ 106 (XVI) Consolidated Statement of Cash Flows ............. 107 (XVII) Notes to the Consolidated Financial Statements ...... 109 China Shanshui Cement Group Limited • 2019 Annual Report 1 (I) Definitions In this annual report, unless the context otherwise requires, the following words and expressions have the following meanings: “Company” or “China Shanshui” or China Shanshui Cement Group Limited “Shanshui Cement” “Group” or “China Shanshui Group” the Company and its subsidiaries “Financial Statements” the consolidated financial statements of the Group “Reporting Period” the period from 1 January 2019 to 31 December 2019 “Board” the Board of Directors of the Company “Director(s)” the Director(s) of the Company “China Shanshui (HK)” China Shanshui Cement Group (Hong Kong) Company Limited “Pioneer Cement” China Pioneer Cement (Hong Kong) Company Limited “Continental Cement” Continental Cement Corporation “American Shanshui” American Shanshui Development Inc. “Shandong Shanshui” Shandong Shanshui Cement Group Company Limited “ACC” Asia Cement Corporation “CNBM” China National Building Material Company Limited “CSI” China Shanshui Investment Company Limited “Tianrui Group” Tianrui Group Company Limited “Shandong Region” business covered by Eastern Shandong Operating Region, Western Shandong Operating Region and Southern Shandong Operating Region “Eastern Shandong Operating Region” business located at the Eastern Shandong Province, including Weifang, Qingdao, Yantai and Weihai, etc “Western Shandong Operating Region” business located at the Central and Western Shandong Province, including Zibo, Jinan and Hebei Province and Tianjin, etc “Southern Shandong Operating Region” business located at the Southern Shandong Province, including Zaozhuang, Jining, Heze and Henan Province, etc 2 China Shanshui Cement Group Limited • 2019 Annual Report (I) Definitions (Continued) “Northeast China Operating Region” business located at Liaoning Province, the Eastern Inner Mongolia and Jilin Province, etc “Shanxi Operating Region” business located at Shanxi Province and Shaanxi Province, etc “Xinjiang Operating Region” business located at Kashi, Xinjiang “Stock Exchange” The Stock Exchange of Hong Kong Limited “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange “SFO” Securities and Futures Ordinance (Cap. 571) (as amended, supplemented or otherwise modified from time to time) “Shares” the ordinary shares in the share capital of the Company with a nominal value of US$0.01 each “Shareholder(s)” holder(s) of the Share(s) “Articles of Association” the amended and restated memorandum and articles of association of the Company adopted on 30 May 2019 “YOY” year on year comparison “clinker” a semi-finished product in the cement production process “Hong Kong” Hong Kong Special Administrative Region of the PRC “RMB” Renminbi, the lawful currency of the PRC, which is the currency unit used in this report, unless otherwise specified “PRC” The People’s Republic of China China Shanshui Cement Group Limited • 2019 Annual Report 3 (II) Corporate Information 1. BOARD OF DIRECTORS AND BOARD COMMITTEES Executive Directors Mr. CHANG Zhangli (Chairman) Ms. WU Ling-ling Independent Non-Executive Directors Mr. CHANG Ming-cheng Mr. LI Jianwei Mr. HSU You-yuan Audit Committee Mr. CHANG Ming-cheng (Chairman) Mr. LI Jianwei Mr. HSU You-yuan Remuneration Committee Mr. LI Jianwei (Chairman) Mr. CHANG Ming-cheng Mr. HSU You-yuan Executive Committee Mr. CHANG Zhangli (Chairman) Ms. WU Ling-ling Nomination Committee Mr. CHANG Zhangli (Chairman) Ms. WU Ling-ling Mr. CHANG Ming-cheng Mr. LI Jianwei Mr. HSU You-yuan 4 China Shanshui Cement Group Limited • 2019 Annual Report (II) Corporate Information (Continued) 2. BASIC CORPORATE INFORMATION (1) Official Chinese name of the Company : 中國山水水泥集團有限公司 Official English name of the Company : China Shanshui Cement Group Limited Abbreviation in English : CSC (2) Registered Office : Second Floor, Century Yard, Cricket Square, P.O. Box 902, Grand Cayman, KY1-1103, Cayman Islands (3) Principal Place of Business in China : Shanshui Industrial Park, Gushan Town, Changqing District, Jinan, Shandong, PRC Principal Place of Business in Hong Kong : Level 54, Hopewell Centre, 183 Queen’s Road East, Hong Kong (4) Website : www.sdsunnsygroup.com (5) Authorised Representatives : CHANG Zhangli and WU Ling-ling (6) Company Secretary : LEE Mei Yi (7) Listing Date : 4 July 2008 (8) Exchange on which the Company’s : The Stock Exchange shares are listed (9) Stock code : 00691 (10) Stock Short Name : Shanshui Cement (11) Hong Kong Share Registrar and : Computershare Hong Kong Investor Transfer Office Services Limited Shops 1712–1716, 17/F, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong (12) Legal Adviser as to Hong Kong law : Freshfields Bruckhaus Deringer (13) Auditor : Moore Stephens CPA Limited China Shanshui Cement Group Limited • 2019 Annual Report 5 (III) Financial and Business Data Summary 1. CONSOLIDATED STATEMENT OF PROFIT OR LOSS (Unit: RMB’000) For the 12 months ended 31 December 2019 2018 2017 2016 2015 Revenue 21,478,831 17,872,818 14,773,644 11,284,193 11,166,212 Gross profit 7,271,722 5,923,471 4,412,403 2,476,001 1,228,285 Gross profit margin 33.9% 33.1% 29.9% 21.9% 11.0% Profit/(loss) from operations 4,692,516 3,779,350 1,980,514 238,161 (4,869,076) Profit/(loss) margin from operations 21.8% 21.1% 13.4% 2.1% (43.6%) EBITDA 6,281,973 5,238,698 3,447,725 1,683,883 (3,430,464) EBITDA margin 29.2% 29.3% 23.4% 14.9% (30.7%) Net profit/(loss) 3,028,382 2,168,847 546,470 (978,861) (6,693,655) Attributable to: Equity shareholders of the Company 2,973,104 2,196,657 600,817 (738,281) (6,387,259) Minority interests 55,278 (27,810) (54,347) (240,580) (306,396) Basic earnings/(loss) per share (RMB) 0.68 0.62 0.18 (0.22) (1.89) Diluted earnings/(loss) per share (RMB) 0.68 0.58 0.18 (0.22) (1.89) 2. CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Unit: RMB’000) As at 31 December 2019 2018 2017 2016 2015 Non-current assets 20,610,663 20,214,657 20,753,158 21,652,679 23,109,951 Current assets 6,217,142 5,858,056 4,336,801 4,267,477 3,903,749 Total assets 26,827,805 26,072,713 25,089,959 25,920,156 27,013,700 Total liabilities 14,227,366 16,486,377 21,072,428 22,663,917 22,520,535 Equity attributable to equity shareholders of the Company 12,497,200 9,522,248 3,915,327 3,098,688 4,030,252 Non-controlling interests 103,239 64,088 102,204 157,551 462,913 Non-current liabilities 3,045,630 3,258,193 1,327,726 521,533 772,186 Current liabilities 11,181,736 13,228,184 19,744,702 22,142,384 21,748,349 Total equity and liabilities 26,827,805 26,072,713 25,089,959 25,920,156 27,013,700 Net gearing ratio 27.6% 42.6% 76.4% 81.9% 77.6% 6 China Shanshui Cement Group Limited • 2019 Annual Report (III) Financial and Business Data Summary (Continued) 3. CONSOLIDATED STATEMENT OF CASH FLOWS (Unit: RMB’000) For the 12 months ended 31 December 2019 2018 2017 2016 2015 Net cash generated from/(used in) operating activities 4,166,604 2,180,478 1,865,912 978,342 (342,913) Net cash used in investing activities (1,566,799) (849,094) (577,489) (418,809) (1,591,087) Net cash used in financing activities (2,554,185) (348,529) (1,253,495) (509,959) 1,002,770 Net increase/(decrease) in cash and cash equivalents 45,620 982,855 34,928 49,574 (931,230) 4. KEY BUSINESS DATA 2019 2018 2017 2016 2015 Sales volume of cement (’000 tonnes) 47,546 39,186 41,131 43,959 45,821 Sales volume of clinker (’000 tonnes) 8,205 9,953 9,232 10,544 8,421 Sales volume of concrete (’000 m3) 3,204 2,882 3,420 2,680 2,370 Unit selling price of cement (RMB/tonne) 363.6 337.2 276.3 199.0 198.8 Unit selling price of clinker (RMB/tonne) 278.0 270.9 239.8 164.6 154.3 Unit selling price of concrete (RMB/m3) 497.8 459.1 349.8 252.8 267.6 China Shanshui Cement Group Limited • 2019 Annual Report 7 (IV) Corporate Profile (1) COMPANY BACKGROUND The Company was incorporated in the Cayman Islands as an exempted company on 26 April 2006. The Company completed the restructuring on 6 September 2007 and become the ultimate holding company of the Group and being listed on the Main Board of the Stock Exchange (Stock Code: 00691) on 4 July 2008. The Company holds 100% equity interest in China Shanshui (HK) and does not operate any business since the date of registration. China Shanshui (HK) is a limited company incorporated in Hong Kong and holds 100% equity interest in Pioneer Cement; Pioneer Cement is a limited company incorporated in Hong Kong and holds 100% equity interest in Shandong Shanshui, it is the sole shareholder of Shandong Shanshui. Shandong Shanshui is a wholly foreign-owned limited company established by Pioneer Cement in 2005 through the acquisition of shares in Jinan, Shandong Province in accordance with the laws and regulations of the PRC.
Load more

Recommended publications
  • Competitiveness Analysis of China's Main Coastal Ports
    2019 International Conference on Economic Development and Management Science (EDMS 2019) Competitiveness analysis of China's main coastal ports Yu Zhua, * School of Economics and Management, Nanjing University of Science and Technology, Nanjing 210000, China; [email protected] *Corresponding author Keywords: China coastal ports above a certain size, competitive power analysis, factor analysis, cluster analysis Abstract: As a big trading power, China's main mode of transportation of international trade goods is sea transportation. Ports play an important role in China's economic development. Therefore, improving the competitiveness of coastal ports is an urgent problem facing the society at present. This paper selects 12 relevant indexes to establish a relatively comprehensive evaluation index system, and uses factor analysis and cluster analysis to evaluate and rank the competitiveness of China's 30 major coastal ports. 1. Introduction Port is the gathering point and hub of water and land transportation, the distribution center of import and export of industrial and agricultural products and foreign trade products, and the important node of logistics. With the continuous innovation of transportation mode and the rapid development of science and technology, ports play an increasingly important role in driving the economy, with increasingly rich functions and more important status and role. Meanwhile, the competition among ports is also increasingly fierce. In recent years, with the rapid development of China's economy and the promotion of "the Belt and Road Initiative", China's coastal ports have also been greatly developed. China has more than 18,000 kilometers of coastline, with superior natural conditions. With the introduction of the policy of reformation and opening, the human conditions are also excellent.
    [Show full text]
  • Air China Limited
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular, you should consult a stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares of Air China Limited, you should at once hand this circular to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale was effected for transmission to the purchaser or the transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. AIR CHINA LIMITED (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 753) CONNECTED TRANSACTION: PURCHASE OF EQUITY INTEREST IN AIR CHINA CARGO FROM CAPITAL AIRPORTS HOLDING COMPANY Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders A letter from the Board is set out on pages 4 to 8 of this circular and a letter from the Independent Board Committee is set out on pages 9 to 10 of this circular. A letter of advice from Kingsway Capital Limited, the Independent Financial Adviser, containing its advice to the Independent Board Committee and the independent Shareholders of the Company is set out on pages 11 to 17 of this circular.
    [Show full text]
  • Final Report of the Consultants
    STANDING COMMITTEE ON LEGAL EDUCATION AND TRAINING COMPREHENSIVE REVIEW OF LEGAL EDUCATION AND TRAINING IN HONG KONG Final Report of the Consultants April 2018 Contents Overview iii 1. Introduction 1 2. The existing structure of legal education and training in Hong Kong 9 3. The reform of legal education and training: International trends and practices 31 4. The academic stage of legal education 59 5. The Postgraduate Certificate in Laws (PCLL) 79 6. The proposal for a ‘Common Entrance Examination’ 104 7. The training contract, pupillage and the overseas qualifying examinations 125 8. Conclusions and summary of recommendations 154 Bibliography 167 Annexures 185 Annex 1 – List of invited stakeholder groups/organisations Annex 2 – List of consultation responses received Annex 3 – Structure of existing PCLL courses Annex 4 – Indicative learner attributes – from LETR (2013) Annex 5 - Law Society of Scotland: PEAT1 outcomes and descriptors Annex 6 – Solicitors Regulation Authority: Legal Practice Course Outcomes (2011) Annex 7 – Observations on two centralised assessment models Annex 8 – Questions to the Law Society on the proposed PCLL Benchmark (Jan. 2018) i OVERVIEW It is not the intention of this overview that it should take the form of an "Executive Summary". No doubt, it will be treated by some as such, but the intention is that the Report should be read, albeit perhaps in stages and, possibly, with concentration on particular matters of interest. At the end of the Report there is a summary of the recommendations, but these should be read in conjunction with the relevant chapters The law has always been important in Hong Kong.
    [Show full text]
  • 2017 Summary Financial Report
    2017 Summary Financial Report This summary financial report 2017 only gives a summary of the information and the particulars of China Shanshui Cement Group Limited’s annual report 2017 released in due course from which the summary financial report is derived. Shareholders may obtain a printed copy of the annual report free of charge by writing to the Company’s share registrars after the publication of the annual report, or read the above two copies on the Company’s website at www.sdsunnsygroup.com and the Stock Exchange’s website at www.hkexnews.hk. Contents (I) Definitions.................................... 2 (II) Corporate Information .......................... 4 (III) Financial and Business Data Summary ............. 8 (IV) Corporate Profile .............................. 10 (V) Management Discussion and Analysis ............. 21 (VI) Report of the Directors .......................... 38 (VII) Share Capital and Shareholdings of Substantial 44 Shareholders and the Directors ................... (VIII) Basic Information on Directors, Senior Management 51 and Employees................................ (IX) Report on Corporate Governance ................. 71 (X) Major Events.................................. 90 (XI) Consolidated Statement of Profit or Loss............ 107 (XII) Consolidated Statement of Profit or Loss and Other 108 Comprehensive Income ......................... (XIII) Consolidated Statement of Financial Position ........ 109 (XIV) Consolidated Statement of Changes in Equity........ 111 (XV) Notes to the Financial Statements
    [Show full text]
  • China Transportation Sector
    Industrials / China 9 July 2013 Time for bottom-fishing China Transportation Sector • We expect the market to remain volatile over the near term due to Positive (unchanged) uncertainty about the macroeconomic environment Neutral • We recommend accumulating stocks with resilient earnings prospects, especially those with a long-term growth story Negative • Out top picks are AviChina, TravelSky, BCIA, and SITC; we see short-term trading opportunities for CEA, CX, OOIL, and YTI How do we justify our view? Top picks: AviChina Industry & HKD4.20 (from HKD4.60) on cuts Technology (AviChina), to our earnings forecasts. Travelsky Technology (TST), Beijing Capital International We revise our six-month target Airport (BCIA) and SITC prices as follows: Air China (AC) to Kelvin Lau International (SITC). We believe HKD7.50 (from HKD8.00), CEA to (852) 2848 4467 AviChina will benefit the most HKD3.30 (from HKD4.10), CX to [email protected] from the opening up of China’s HKD16.50 (from HKD16.80), OOIL general aviation market. We raise to HKD61 (from HKD64), China Leo Siu our six-month target price to Shipping Container Lines (CSCL) to (852) 2773 8243 [email protected] HKD5.40 (from HKD5.30). HKD2.40 (from HKD2.70), and YTI to HKD4.45 (from HKD4.68). Major TST and BCIA should be the main risks to our calls include lower-than- ■ What's new beneficiaries of continued air-traffic expected demand growth and a With the stock market expected to volume rises, as they are not affected higher-than-expected fuel price. remain volatile over the near term, by declines in air fares or rises in the we recommend buying companies jet-fuel price.
    [Show full text]
  • Beijing Capital International Airport Co., Ltd. 02 01 2016 Corporate Social Responsibility Report Beijing Capital International Airport Co., Ltd
    1 Beijing Capital International Airport Co., Ltd. 02 01 2016 Corporate Social Responsibility Report Beijing Capital International Airport Co., Ltd. About the Report Dear readers, this report reflects BCIA's practice and performance in fulfilling its social responsibility in 2016. We hope to present, via this report, BCIA's ideas and practices in terms of corporate social responsibility, and in the meanwhile, communicate with stakeholders in an honest and transparent way to promote sustainable development of BCIA. Reporting Period Scope of Report Reporting Release Cycle Data Sources The reporting period spans the calendar year from January 1, 2016 The main body of the report is Beijing Capital International Airport This is an annual report, and is the 6th consecutive CSR report Financial data of this report come from the audited BCIA Annual to December 31, 2016, and also includes contents and data that pre- Co., Ltd., including administration supporting departments in charge published by BCIA. Report. Other data come from formal internal documents and dates the stated reporting period. of the company. statistics of BCIA. Report Compilation Principles Reference Access to this Report Environmental, Social and Governance Reporting Guidance (HK-ESG) issued by Hong Kong Stock Exchange For the convenience of indication and reading, the "Beijing Capital http://www.bcia.com.cn/investor/csr.shtml Global Reporting Initiative's (GRI) International Airport Co., Ltd." in this report is also referred to as You can download the electronic version of the report from our GB/T 36001 Guidance on Social Responsibility Reporting "We", "the Company" or "the Capital Airport". "Capital Airport website: http://www.bcia.com.cn/investor/csr.shtml ISO26000: Guidance on Social Responsibility issued by International Organization for Standardization Group" in the report refers to Capital Airport Holding Company and If you need the paper version or have any suggestions, please contact us.
    [Show full text]
  • TA Completion Report
    Completion Report Project Number: 48012-001 Technical Assistance Number: 9036 June 2020 People’s Republic of China: Strategy for Liaoning North Yellow Sea Regional Cooperation and Development This document is being disclosed to the public in accordance with ADB’s Access to Information Policy. In preparing any country program or strategy, financing any project, or by making any designation of or reference to a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area. TECHNICAL ASSISTANCE COMPLETION REPORT TA Number, Country, and Name: Amount Approved: $400,000.00 TA 9036-PRC: Strategy for Liaoning North Yellow Sea Regional Revised Amount: Not applicable Cooperation and Development Executing Agency: Source of Funding: Amount Undisbursed: Amount Used: Liaoning Provincial Department of TASF-other sources $3,862.88 $396,137.12 Finance TA Approval Date: TA Signing Date: TA Completion Date 14 December 2015 5 January 2016 Original Date: Latest Revised Date: 30 July 2017 28 February 2018 Financial Closing Number of Date: 21 May 2018 Extensions: 1 TA Type: Policy and advisory Description The Government of the People’s Republic of China (PRC) requested the Asian Development Bank (ADB) to provide a policy and advisory technical assistance (TA) to support its regional cooperation and integration (RCI) efforts and overall globalization strategy in the Northeast, PRC which was also a focus of central government revitalization measures.a,b RCI between provinces in the Northeast and neighboring regions of the Republic of Korea, Mongolia, and the Russian Federation on common development issues and policy coordination was also being facilitated by the Greater Tumen Initiative’s Northeast Asia Local Cooperation Committee.c Liaoning was one of three northeastern PRC provinces participating in the initiative and particularly well-placed to take part in and benefit from RCI and globalization.
    [Show full text]
  • Best-Performing Cities China 2017 the Nation’S Most Successful Economies
    BEST-PERFORMING CITIES CHINA 2017 THE NATION’S MOST SUCCESSFUL ECONOMIES PERRY WONG, MICHAEL C.Y. LIN, AND JOE LEE TABLE OF CONTENTS ACKNOWLEDGMENTS The authors are grateful to Laura Deal Lacey, executive director of the Milken Institute Asia Center; Belinda Chng, the center’s director for policy and programs; Ann-Marie Eu, the Institute’s associate for communications, and Jeff Mou, the Institute’s associate, for their support in developing an edition of our Best-Performing Cities series focused on China. We thank communication teams for their support in publications, as well as Ross DeVol, the Institute’s chief research officer, and Minoli Ratnatunga, economist at the Institute, for their constructive comments on our research. ABOUT THE MILKEN INSTITUTE A nonprofit, nonpartisan economic think tank, the Milken Institute works to improve lives around the world by advancing innovative economic and policy solutions that create jobs, widen access to capital, and enhance health. We do this through independent, data-driven research, action-oriented meetings, and meaningful policy initiatives. ABOUT THE ASIA CENTER The Milken Institute Asia Center promotes the growth of inclusive and sustainable financial markets in Asia by addressing the region’s defining forces, developing collaborative solutions, and identifying strategic opportunities for the deployment of public, private, and philanthropic capital. Our research analyzes the demographic trends, trade relationships, and capital flows that will define the region’s future. ABOUT THE CENTER FOR JOBS AND HUMAN CAPITAL The Center for Jobs and Human Capital promotes prosperity and sustainable economic growth around the world by increasing the understanding of the dynamics that drive job creation and promote industry expansion.
    [Show full text]
  • 2019 Corporate Social Responsibility Report
    2019 企业社会责任报告 CORPORATE SOCIAL RESPONSIBILITY REPORT 北京首都国际机场股份有限公司 About the Report This report reflects the practice and performance of Beijing Capital International Airport Co., Ltd. in fulfilling its social responsibility in 2019. We hope to present, via this report, our CSR ide- as and practices and communicate with stakeholders in an honest and transparent way, so as to promote our sustainable development. Reference For better readability, the “Beijing Capital International Airport Co., Ltd.” in this report is also referred to as “BCIA” “the Company” or “we”. “CAH” in the report refers to Capital Airports Holding Company and all its wholly-owned or holding subsidiaries. Reporting Period The reporting period spans the calendar year from January 1, 2019 to December 31, 2019, and also includes some contents and data that predates the stated reporting period. Reporting Cycle This annual report is the 9th CSR report published by BCIA consecutively. Reporting Scope The main reporter is Beijing Capital International Airport Co., Ltd., including all the management and supporting departments of the Company. Compilation Principles This report is prepared in accordance with the GRI Sustainability Reporting Standards (GRI Standards) issued by the Global Sustainability Standards Board (GSSB). It also refers to the re- quirements of the UN Sustainable Development Goals (SDGs), ISO 26000: Guidance on Social Responsibility issued by International Organization for Standardization and Environmental, Social and Governance Reporting Guide (HK-ESG) issued by the Stock Exchange of Hong Kong Ltd. Data Sources The financial data of this report is extracted from the audited BCIA Annual Report. Other data comes from formal internal documents and statistics of BCIA.
    [Show full text]
  • Speech by Mr Keith Yeung, SC, Director of Public Prosecutions At
    Speech by Mr Keith Yeung, SC, Director of Public Prosecutions at the Closing Ceremony of the “Criminal Law Conference 2017” on Saturday, 20 May 2017 Distinguished guests, ladies and gentlemen, friends, 1. David Leung SC said that he is the person between you and the door. Uncharacteristic of him, he was wrong. It is me. Now we are really towards the end of the programme. And it has been a very very long day. But I am sure, you, like me, are not tired. You have seen me fighting for air time, and I am quite prepared to go on for two more hours. No, of course I am not going to do that. But before I can release you, I still have to do a couple of things. Firstly, of course, I want to thank our guests Judge Young and Professor Ormerod, and our speakers, and all of you, our guests, being here sacrificing a precious Saturday, more and more precious these days, and to be here to share with us your views and give us this tremendous atmosphere. Can I invite you to give yourself a big hand? And secondly, it would be useful if we can have a short stock-take as to what we have discussed today. 2. We started off with the issue of “active case management”. We all know it is closely related to our new Practice Direction 9.3, which is going to come into operation on 12 June this year. I have said this previously, and I adhere to this, that the practice direction is going to be the most important of its kind in the last 20 years.
    [Show full text]
  • UNITED STATES BANKRUPTCY COURT Southern District of New York *SUBJECT to GENERAL and SPECIFIC NOTES to THESE SCHEDULES* SUMMARY
    UNITED STATES BANKRUPTCY COURT Southern District of New York Refco Capital Markets, LTD Case Number: 05-60018 *SUBJECT TO GENERAL AND SPECIFIC NOTES TO THESE SCHEDULES* SUMMARY OF AMENDED SCHEDULES An asterisk (*) found in schedules herein indicates a change from the Debtor's original Schedules of Assets and Liabilities filed December 30, 2005. Any such change will also be indicated in the "Amended" column of the summary schedules with an "X". Indicate as to each schedule whether that schedule is attached and state the number of pages in each. Report the totals from Schedules A, B, C, D, E, F, I, and J in the boxes provided. Add the amounts from Schedules A and B to determine the total amount of the debtor's assets. Add the amounts from Schedules D, E, and F to determine the total amount of the debtor's liabilities. AMOUNTS SCHEDULED NAME OF SCHEDULE ATTACHED NO. OF SHEETS ASSETS LIABILITIES OTHER YES / NO A - REAL PROPERTY NO 0 $0 B - PERSONAL PROPERTY YES 30 $6,002,376,477 C - PROPERTY CLAIMED AS EXEMPT NO 0 D - CREDITORS HOLDING SECURED CLAIMS YES 2 $79,537,542 E - CREDITORS HOLDING UNSECURED YES 2 $0 PRIORITY CLAIMS F - CREDITORS HOLDING UNSECURED NON- YES 356 $5,366,962,476 PRIORITY CLAIMS G - EXECUTORY CONTRACTS AND UNEXPIRED YES 2 LEASES H - CODEBTORS YES 1 I - CURRENT INCOME OF INDIVIDUAL NO 0 N/A DEBTOR(S) J - CURRENT EXPENDITURES OF INDIVIDUAL NO 0 N/A DEBTOR(S) Total number of sheets of all Schedules 393 Total Assets > $6,002,376,477 $5,446,500,018 Total Liabilities > UNITED STATES BANKRUPTCY COURT Southern District of New York Refco Capital Markets, LTD Case Number: 05-60018 GENERAL NOTES PERTAINING TO SCHEDULES AND STATEMENTS FOR ALL DEBTORS On October 17, 2005 (the “Petition Date”), Refco Inc.
    [Show full text]
  • 保良局戊戌年董事會就職特輯 Po Leung Kuk Inauguration Booklet for Board of Directors 2018-2019
    保良局戊戌年董事會就職特輯 Po Leung Kuk Inauguration Booklet For Board Of Directors 2018-2019 保赤安良 服務社群 Serving e Community Protecting e Young And e Innocent 醫療車 地址 Address 香港禮頓道 66號 66 Leighton Road, H.K. 電話 Telephone No. (852) 2277 8888 網址 Website www.poleungkuk.org.hk 保良精神 Po Leung Spirit 相互尊重 Mutual Respect 團結合力 United Effort 延展愛心 Benevolence 行善助人 Charitable 感恩知德 Gratefulness and Recognition 造福社群的奉獻精神 Dedication to Serving the Community 願景 Vision 幼有所育，少有所學，壯有所為，老有所依，貧寡 孤困殘病者皆有所望 Children are nurtured. Youngsters are educated. Adults are supported to contribute. Elderly are cared for. The less fortunate are lightened with hope. 使命 Mission 成為最傑出、最具承擔的慈善公益機構，發揮保良 精神，以善心建善業，致力保赤安良，護老扶弱， 助貧健診，培德育才，揚康樂眾，實踐環保，承傳 文化，造福社群 To be the most prominent and committed charitable organisation. In the Kuk’s Spirit to do good deeds with benevolence. Dedicated in protecting the young and the innocent, caring for the elderly and the underprivileged, aiding the poor and healing the sick, educating the young and nurturing their morality, providing recreation to the public, caring for the environment, passing on the cultural inheritance and bringing goodness to the community 價值觀 Values 秉承傳統 與時並進 Fine traditions Accommodate the current needs 以人為本 關愛感恩 People-oriented Care and appreciation 優良管治 務實創新 Sound governance Pragmatism and innovative 廉潔奉公 安不忘危 Integrity Vigilance 善用資源 注重本益 Optimal use of resources Cost-effectiveness 專業團隊 愛心服務 Professional team Service with heart 目錄 CONTENTS 秩序表 03 Programme 戊戌年顧問局 04 Advisory Board 2018-19 戊戌年董事會 05 Board of Directors 2018-19 民政事務局局長監誓講辭
    [Show full text]