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Annual Report 2012
Caledonia Investments Annual report 2012 Annual report Investments Caledonia Caledonia Investments plc Cayzer House Annual report 2012 30 Buckingham Gate Year ended 31 March 2012 London SW1E 6NN tel 020 7802 8080 fax 020 7802 8090 email [email protected] web www.caledonia.com www.caledonia.com Caledonia Investments plc Annual report 2012 85 Chairman Auditor Overview Caledonia is a self‐managed investment company James R H Loudon2 KPMG Audit Plc 1 Company highlights with net assets of £1.1bn, listed on the London 15 Canada Square 2 Chairman’s statement Executive directors Canary Wharf 4 Chief Executive’s report Stock Exchange. Acquired by the Cayzer family William P Wyatt (Chief Executive) London E14 5GL 7 Investment model Stephen A King (Finance Director) in 1951 as a holding company for their various The Hon Charles W Cayzer Registrars Jamie M B Cayzer‐Colvin Capita Registrars Business review shipping interests, Caledonia came into its The Registry 8 Investment review own as an investment company in 1987. It still Non-executive directors 34 Beckenham Road 12 Quoted pool Charles M Allen‐Jones (Senior Independent)1,2,3,4 Beckenham 2,3,4 16 Unquoted pool enjoys the backing of the Cayzer family, who Mark E T Davies Kent BR3 4TU Richard Goblet d’Alviella1 Tel: 0871 664 0300 (calls cost 10p per minute 20 Asia pool collectively own some 47% of the share capital Charles H Gregson1,2,3,4 including VAT, plus network extras) 24 Property pool Roderick D Kent2,4 and from whom it derives its unique long term +44 20 8639 3399 if calling from overseas 26 Funds pool David G F Thompson1,2,3,4 Robert B Woods CBE2,3,4 28 Income & Growth pool investment horizon. -
Blackrock Strategic Funds Unaudited Interim Report and Accounts
BlackRock Strategic Funds Unaudited Interim Report and Accounts 30 November 2010 BlackRock Strategic Funds, SICAV Investment Fund incorporated under Luxembourg Law R.C.S. Luxembourg: B 127481 Contents Chairman’s Shareholder Letter 2 Investment Manager’s Report 3 Board of Directors 5 Management and Administration 5 Statement of Net Assets 6 Three year summary of Net Asset Values 10 Statement of Operations and Changes in Net Assets 14 Statement of Changes in Shares Outstanding 16 Portfolio of Investments 20 BlackRock European Absolute Return Fund 20 BlackRock European Opportunities Absolute Return Fund 22 BlackRock European Opportunities Extension Strategies Fund 25 BlackRock European Diversified Equity Absolute Return Fund 28 BlackRock Fixed Income Strategies Fund 43 BlackRock Fund of iShares - Conservative 48 BlackRock Fund of iShares - Dynamic 49 BlackRock Fund of iShares - Growth 50 BlackRock Fund of iShares - Moderate 51 BlackRock Global Currency Absolute Return Fund 52 BlackRock Latin American Opportunities Fund 53 Notes to the Financial Statements 54 General Information 59 Appendix I: Total Expense Ratio 60 Appendix II: Portfolio Turnover Rates 61 Appendix III: Performance 62 Subscriptions may be made only on the basis of the current Prospectus, together with the most recent audited annual report and accounts and unaudited interim report and accounts. Copies are available from the Investor Services Centre, the Transfer Agent, the Manager or any of the Distributors. Unaudited Interim Report and Accounts 1 Chairman’s Shareholder Letter November 2010 Dear Shareholder I am writing to update you on the activities of BlackRock Strategic Funds (BSF / the Company), our Luxembourg UCITS Fund range providing clients with access to BlackRock investment products which seek to take full advantage of the investment powers incorporated in the UCITS III directive. -
Glasgow City Council Strathclyde Pension Fund Committee Report By
ITEM 5(a) Glasgow City Council 10th September 2008 Strathclyde Pension Fund Committee Report by Executive Director of Financial Services Contact: Richard McIndoe Ext: 77383 Corporate Governance – Report to 30th June 2008 Purpose of Report: To advise the Committee of progress during the quarter in respect of the Fund’s Corporate Governance policy, and to confirm investment managers’ compliance with the policy. Recommendation: The Committee is asked to NOTE the contents of this report. Ward No(s): Citywide: 9 Local member(s) advised: Yes No consulted: Yes No PLEASE NOTE THE FOLLOWING: Any Ordnance Survey mapping included within this Report is provided by Glasgow City Council under licence from the Ordnance Survey in order to fulfil its public function to make available Council-held public domain information. Persons viewing this mapping should contact Ordnance Survey Copyright for advice where they wish to licence Ordnance Survey mapping/map data for their own use. The OS web site can be found at <http://www.ordnancesurvey.co.uk> " If accessing this Report via the Internet, please note that any mapping is for illustrative purposes only and is not true to any marked scale 1 1. Background The importance of Corporate Governance and Proxy Voting have long been recognised. The Cadbury Report in 1992, commissioned in response to continuing concern about companies’ standards of financial reporting and accountability and to controversy over directors’ pay clearly stated that “given the weight of their votes, the way in which institutional shareholders use their power to influence the standards of corporate governance is of fundamental importance.” In January 2004, Paul Myners’ report to the Shareholder Voting Working Group re-iterated this. -
Uk 500 2006 Accounts
uk_500_2006_accounts UK 500 2006 Market value and share price at 31 March 2006 UK UK Rank Rank Market Turnover Price Dividend 2006 2005 Company value £m Sector £m £ PER yield (%) Year End 1 1 BP 134,454.8 Oil & gas producers 142,968.1 6.6 10.9 3.4 31/12/2005 2 6 Royal Dutch Shell 121,671.9 Oil & gas producers 175,787.2 18.0 8.3 31/12/2005 3 2 HSBC 109,720.8 Banks 9.7 12.4 4.8 31/12/2005 4 4 Glaxosmithkline 87,547.2 Pharmaceuticals & biotechnology 21,660.0 15.1 18.2 3.2 31/12/2005 5 3 Vodafone Group 72,452.8 Mobile telecommunications 34,133.0 1.2 3.8 31/03/2005 6 5 Royal Bank of Scotland 59,637.1 Banks 18.7 11.1 4.3 31/12/2005 7 8 AstraZeneca 45,775.5 Pharmaceuticals & biotechnology 13,725.7 29.0 17.4 2.9 31/12/2005 8 7 Barclays 43,714.5 Banks 6.7 12.4 4.4 31/12/2005 9 9 HBOS 36,709.1 Banks 9.6 11.7 4.2 31/12/2005 10 14 Anglo American 33,824.4 Mining 16,868.6 22.2 15.9 2.3 31/12/2005 11 15 Rio Tinto 30,976.6 Mining 10,907.8 29.2 13.3 4.1 31/12/2005 12 10 Lloyds TSB 30,842.4 Banks 5.5 12.3 6.9 31/12/2005 13 13 British American Tobacco 29,144.9 Tobacco 9,325.0 13.9 16.5 3.7 31/12/2005 14 16 BHP Billiton 25,952.6 Mining 16,956.3 10.5 17.6 1.7 30/06/2005 15 11 Tesco 25,930.5 Food & drug retailers 33,974.0 3.3 18.6 2.5 26/02/2005 16 12 Diageo 25,723.3 Beverages 9,036.0 9.1 19.6 3.6 30/06/2005 17 20 BG Group 25,338.6 Oil & gas producers 5,424.0 7.2 16.7 0.9 31/12/2005 18 21 Aviva 19,158.1 Life insurance 8.0 10.9 3.8 31/12/2005 19 22 Standard Chartered 18,682.3 Banks 14.3 16.8 2.8 31/12/2005 20 17 BT Group 18,526.6 Fixed line telecommunications -
Groundwater Exploration and Assessment in the Eastern Lowlands and Associated Highlands of the Ogaden Basin Area, Eastern Ethiopia: Phase 1 Final Technical Report
Prepared in cooperation with the United States Geological Survey Groundwater Exploration and Assessment in the Eastern Lowlands and Associated Highlands of the Ogaden Basin Area, Eastern Ethiopia: Phase 1 Final Technical Report By Saud Amer, Alain Gachet, Wayne R. Belcher, James R. Bartolino, and Candice B. Hopkins Contents EXECUTIVE SUMMARY ............................................................................................................................................... 1 1. Introduction ................................................................................................................................................................ 4 1.1. Background ......................................................................................................................................................... 4 1.2. Purpose and scope ............................................................................................................................................. 5 2. Study Area ................................................................................................................................................................. 6 2.1. Geographic location ............................................................................................................................................ 6 2.2. Climate ................................................................................................................................................................ 7 3. Geology .................................................................................................................................................................... -
Ethiopia on the Cusp
Ethiopia on the Cusp A guest article by Jane Whaley, Editor in and eastern Ogaden, before WWII disrupted Chief, GEO ExPro Magazine exploration. In 1945 Sinclair Petroleum obtained an exploration license covering all Ethiopia, undertaking surface mapping before spudding the first oil well in the country, Gumboro-1, on 17 May 1949, which proved to be dry. The company drilled a series of ‘structural’ holes looking for regional structures – a technique successful in Saudi Arabia but which failed to identify any Ghawar-type structures in the Ogaden Basin. The 1955 Galadi well had encouraging oil shows in the Jurassic and Triassic. A country that has long held fascination in the west, Ethiopia is rich in history and culture as well as minerals, but after 100 years of hydrocarbon exploration it is only now close to commercial oil and gas production. Ethiopia is situated in the Horn of Africa at the northern end of the East African Rift System (EARS), a proven hydrocarbon hunting ground, and is located near successful oil and gas provinces in Yemen, Kenya and South Sudan - but has yet to yield similar riches. One of the fastest growing economies in the world, with a population of over 100 million, Ethiopia has a Sinclair supply plane, 1948. growing critical need for power supplies, given that 50% of the population and 25% of the After Sinclair left in 1956, more companies health clinics lack access to electricity. While entered the arena and 43 wells were drilled in some power is supplied by hydropower, the the Ogaden Basin between 1950 and 1995, the rest is dependent on imported coal and oil. -
Statistics of Petroleum Exploration in the Caribbean, Latin America, Western Europe, the Middle East, Africa, Non-Communist Asia, and the Southwestern Pacific
U.S. GEOLOGICAL SURVEY CIRCULAR 1096 Statistics of Petroleum Exploration in the Caribbean, Latin America, Western Europe, the Middle East, Africa, Non-Communist Asia, and the Southwestern Pacific j AVAILABILITY OF BOOKS AND MAPS OF THE U.S. GEOLOGICAL SURVEY Instructions on ordering publications of the U.S. Geological Survey, along with prices of the last offerings, are given in the current-year issues of the monthly catalog "New Publications of the U.S. Geological Survey." Prices of available U.S. Geological Survey publications released prior to the current year are listed in the most recent annual "Price and Availability List." Publications that may be listed in various U.S. Geological Survey catalogs (see back inside cover) but not listed in the most recent annual "Price and Availability List" may be no longer available. Reports released through the NTIS may be obtained by writing to the National Technical Information Service, U.S. Department of Commerce, Springfield, VA 22161; please include NTIS report number with inquiry. Order U.S. Geological Survey publications by mail or over the counter from the offices given below. BY MAIL OVER THE COUNTER Books Books and Maps Professional Papers, Bulletins, Water-Supply Papers, Tech Books and maps of the U.S. Geological Survey are niques of Water-Resources Investigations, Circulars, publications available over the counter at the following U.S. Geological Survey of general interest (such as leaflets, pamphlets, booklets), single offices, all of which are authorized agents of the Superintendent of copies of Earthquakes & Volcanoes, Preliminary Determination of Documents: Epicenters, and some miscellaneous reports, including some of the foregoing series that have gone out of print at the Superintendent of Documents, are obtainable by mail from • ANCHORAGE, Alaska-Rm. -
Map Compilations and Synthesis of Africa's Petroleum Basins and Systems
Downloaded from http://sp.lyellcollection.org/ by guest on October 1, 2021 Map compilations and synthesis of Africa's petroleum basins and systems E. G. PURDY1 & D. S. MACGREGOR2 1Foxbourne, Hamm Court, Weybridge, Surrey, KT13 8YA, UK (e-mail: [email protected]) 2Sasol Petroleum International, 93 Wigmore Street, London, W1U 1HJ, UK (e-mail: duncan. mac g re g or @ sasol. com) Abstract: The purpose of this short contribution is to provide an overview of our current state of knowledge of Africa's petroleum systems as an introduction to the detailed volume accounts that follow. Toward that end we introduce a set of maps on a supplementary CD compiled by Purdy as part of a confidential report provided to industry subscribers some ten years ago. The maps include subsurface as well as surface structural information but, because of their vintage, have not taken account of more recent information. Nonetheless, the regional geological frame- work apparent on the maps has not changed and, in that sense, the maps are as relevant today as when they were first compiled. Moreover the maps serve as a useful building block on which more recently acquired exploration data can be readily added by others using facilitating com- puter programs. Map compilations basement and below the first age-diagnostic fos- sils. Two map compilations are provided on the sup- The map's basin classification follows the ter- plementary CD (Purdy 2003). The first is entitled minology of Kingston et al. (1983) with two major Exploration Fabric of Africa and includes not only modifications. The first is the designation of delta conventional outcrop geology but also pertinent sag (DS) for large basins that are dominated by subsurface structural trends, including the depths delta fill. -
Ethiopia: Prospects for Peace in Ogaden
Ethiopia: Prospects for Peace in Ogaden Africa Report N°207 | 6 August 2013 International Crisis Group Headquarters Avenue Louise 149 1050 Brussels, Belgium Tel: +32 2 502 90 38 Fax: +32 2 502 50 38 [email protected] Table of Contents Executive Summary ................................................................................................................... i I. Introduction ..................................................................................................................... 1 II. Ogaden: Ethiopia’s Most Contested Territory ................................................................. 2 III. The ONLF and Federal Ethiopia ...................................................................................... 5 A. The ONLF and the EPRDF ........................................................................................ 5 B. Article 39 .................................................................................................................... 7 C. Amateur Insurgents ................................................................................................... 7 D. Local Governance Issues ............................................................................................ 9 IV. Externalisation of the Conflict ......................................................................................... 10 A. The Eritrean Factor .................................................................................................... 10 B. The Somali Factor ..................................................................................................... -
Geology and Petroleum Resources of Central and East-Central Africa by James A. Peterson* Open-File Report 85-589 This Report Is
UNITED STATES DEPARTMENT OF THE INTERIOR GEOLOGICAL SURVEY Geology and petroleum resources of central and east-central Africa By James A. Peterson* Open-File Report 85-589 This report is preliminary and has not been reviewed for conformity with U.S. Geological Survey editorial standards and stratigraphic nomenclature Missoula, Montana 1985 CONTENTS Page Abs tract 1 Introduction 2 Sources of Information 2 Geography 2 Acknowledgment s 2 Regional geology 5 Structure 5 Horn of Africa 5 Plateau and rift belt 11 Red Sea and Gulf of Aden Basins 13 Central Africa interior basins 13 Upper Nile Basin (Sudan trough) 13 Chad, Doba-Doseo (Chari), and lullemmeden (Niger) Basins 13 Benue trough 15 Stratigraphy 15 Precambrian 19 Paleozoic 19 Mesozoic 21 East-central Africa 21 Jurassic 21 Cretaceous 22 Tertiary 22 Central Africa interior basins 26 Benue trough 27 Petroleum geology 27 Somali basin 28 Res ervo i r s 2 9 Source rocks 29 Seals 29 Traps 2 9 Estimated resources 30 Plateau and rift belt 30 Red Sea Basin (western half) 30 Reservoirs 30 Source rocks 34 Seals 34 Traps 34 Estimated resources 34 Central Africa interior basins 34 Reservoirs, source rocks, seals 36 Traps 36 Estimated resources 36 Benue trough 40 Res er voi r s 4 0 Source rocks 40 Seals 40 Traps 40 Estimated resources 40 CONTENTS (continued) Page Resource assessment 42 Procedures 42 As s es smen t 4 3 Comments 43 Selected references 45 ILLUSTRATIONS Figure 1. Index map of north and central Africa 3 2. Generalized structural map of central and east Africa 4 3. -
Morpho-Tectonic Analysis of the East African Rift System
MORPHO-TECTONIC ANALYSIS OF THE EAST AFRICAN RIFT SYSTEM By LIANG XUE Bachelor of Engineer in Geological Engineering Central South University Changsha, China 2011 Master of Science in Geology Missouri University of Science and Technology Rolla, Missouri 2014 Submitted to the Faculty of the Graduate College of the Oklahoma State University in partial fulfillment of the requirements for the Degree of DOCTOR OF PHILOSOPHY July, 2018 MORPHO-TECTONIC ANALYSIS OF THE EAST AFRICAN RIFT SYSTEM Dissertation Approved: Dr. Mohamed Abdelsalam Dissertation Adviser Dr. Estella Atekwana Dr. Danial Lao Davila Dr. Amy Frazier Dr. Javier Vilcaez Perez ii ACKNOWLEDGEMENTS This research could never have been completed without the support of my mentors, colleagues, friends, and family. I would thank my advisor, Dr. Mohamed Abdelsalam, who has introduced me to the geology of the East African Rift System. I was given so much trust, encouragement, patience, and freedom to explore anything that interests me in geoscience, including tectonic/fluvial geomorphology, unmanned aerial system/multi-special remote sensing, and numerical modeling. I thank my other members of my committee, Drs. Estella Atekwana, Daniel Lao Davila, Amy Frazier, and Javier Vilcaez Perez for their guidance in this work, as well as for their help and suggestion on my academic career. Their writing and teaching have always inspired me during my time at Oklahoma State University. The understanding, encouragement from my committee members have provided a good basis for the present dissertation. Also, I thank Dr. Nahid Gani, of Western Kentucky University for her contribution to editing and refining my three manuscripts constituting this dissertation. -
Cairn Energy Plc Annual Report & Accounts 2009
CAIRN ENERGY PLC ANNUAL REPORT & ACCOUNTS 2009 WE ARE CAIRN ENERGY, ONE OF EUROPE’S LARGEST INDEPENDENT OIL AND GAS EXPLORATION AND PRODUCTION COMPANIES. WE ARE LISTED ON THE LONDON STOCK EXCHANGE AND BASED IN EDINBURGH. OUR BUSINESS IS DIVIDED INTO TWO KEY UNITS: ONE FOCUSED ON DEVELOPING THE RAJASTHAN RESOURCE BASE; THE OTHER EXPLORING FRONTIER BASINS IN GREENLAND. OVERVIEW 1 Highlights of the Year 4 Who We Are and What We’ve Achieved in 2009 8 Values, Vision and Approach 12 The Rajasthan Development BUSINESS REVIEW 14 Chairman’s Statement 16 Chief Executive’s Review 20 Operational Review 28 Financial Review 32 Principal Risks and Uncertainties 34 Corporate Responsibility 42 Board of Directors 44 Directors’ Report GOVERNANCE 52 Corporate Governance Statement 62 Directors’ Remuneration Report 78 Principal Licence Interests 80 Independent Auditor’s Report to the Members of Cairn Energy PLC FINANCIAL ACCOUNTS 81 Group Income Statement 82 Statements of Comprehensive Income 83 Balance Sheets 84 Statements of Cash Flows 85 Statements of Changes in Equity 86 Notes to the Accounts 141 Reserves 142 Glossary of Terms 144 Notice of Annual General Meeting 148 Company Information An HTML version of this report is available “ THE GROUP OFFERS AN ATTRACTIVE to view at www.cairnenergy.com/AR2009 – please take the time to have a look. In addition, while you will find a summary BALANCE BETWEEN THE STRONG of our CR performance in this report, the full CR report is only available online this year, CASH FLOWS THAT WILL BE at www.cairnenergy.com/CRR2009 www.cairnenergy.com/AR2009