BUILDING FOR THE FUTURE COSCO Corporation (Singapore) Limited Annual Report 2010 WE BEHOLD OUR PAST WITH PRIDE THE PATH WE TOOK THE FOUNDATION WE LAID TO CREATE A PLATFORM FOR SUSTAINABLE GROWTH THUS BRINGING US CLOSER TO THE FUTURE WE ENVISION WITH CONFIDENCE AND PASSION CONTENTS COSCO OVERVIEW 01 Corporate Profile 02 Corporate Structure 04 Financial Highlights 08 Major Developments 10 Major Deliveries in 2010 11 Our Major Shipyards KEY MESSAGES 14 Chairman’s Statement 18 Interview with Vice Chairman and President OPERATIONS AND FINANCIAL REVIEW 23 Ship Repair, Ship Building and Offshore Marine Engineering 26 Dry Bulk Shipping & Others 28 Group Financial Review CORPORATE GOVERNANCE AND TRANSPARENCY 32 Corporate Governance 49 Corporate Information 50 Board of Directors 56 Key Management 60 Investor Relations 64 Risk Management INSIDE COSCO AND CORPORATE CITIZENSHIP 68 Research and Development 70 Human Resources and Workplace Safety 72 Corporate Social Responsibility FINANCIAL STATEMENTS 74 Directors’ Report 80 Statement by Directors 81 Independent Auditor’s Report 82 Consolidated Income Statement 83 Consolidated Statement of Comprehensive Income 84 Balance Sheets 85 Consolidated Statement of Changes in Equity INVESTOR RELATIONS CONTACTS 86 Consolidated Cash Flow Statement COSCO Corporation (Singapore) Limited 88 Notes to the Financial Statements Mr Li Jian Xiong, Vice President 153 Five-Year Summary Mr Wang Hui, General Manager, Investor Relations Tel: (65) 6885 0888 154 Shareholding Statistics Fax: (65) 6336 9006 Email:
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