Dairy Farm International Holdings Limited Annual Report 2007 CONTENTS
Dairy Farm International Holdings Limited Annual Report 2007 CONTENTS 1 Corporate Information 2 Corporate Overview 3 Highlights 4 Chairman’s Statement 6 Group Chief Executive’s Review 9 Directors’ Profiles 10 Financial Review 12 Financial Statements 55 Independent Auditor’s Report 56 Five Year Summary 57 Principal Subsidiaries, Associates and Joint Ventures 58 Corporate Governance 63 Shareholder Information 64 Retail Outlets Summary 65 Management and Offices Internet website: www.dairyfarmgroup.com CORPORATE Dairy Farm International Holdings Limited INFORMATION DIRECTORS Dairy Farm is a leading pan-Asian retailer. At 31st December 2007, the SIMON KESWICK Group and its associates operated 4,191 outlets – including supermarkets, Chairman A J L NIGHTINGALE hypermarkets, health and beauty stores, convenience stores, home Managing Director furnishings stores and restaurants; employed over 69,000 people in the MICHAEL KOK region; and had total annual sales of US$6.8 billion. Group Chief Executive RONALD J FLOTO The Group operates under well-known local brands, including: JONATHAN GOULD MARK GREENBERG • Supermarkets – Wellcome in Hong Kong, Taiwan and Vietnam, GEORGE J HO HENRY KESWICK ThreeSixty and Oliver’s The Delicatessen in Hong Kong, Jasons DR GEORGE C G KOO MarketPlace in Singapore, Taiwan and Hong Kong, Cold Storage in R C KWOK Singapore and Malaysia, Giant in Malaysia and Indonesia, Shop N LORD LEACH OF FAIRFORD Save in Singapore, Hero in Indonesia, and Foodworld in India; HOWARD MOWLEM JAMES RILEY • Hypermarkets – Giant in Malaysia, Singapore and Indonesia; PERCY WEATHERALL COMPANY SECRETARY AND • Health and beauty stores – Mannings in Hong Kong, Macau and China, REGISTERED OFFICE Guardian in Singapore, Malaysia, Indonesia and Brunei, and Health C H WILKEN and Glow in India; Jardine House 33-35 Reid Street • Convenience stores – 7-Eleven in Hong Kong, Macau, Southern China Hamilton Bermuda and Singapore, and Starmart in Indonesia; and DAIRY FARM MANAGEMENT • Home furnishings stores – IKEA in Hong Kong and Taiwan.
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