DOCSLIB.ORG

REPORT 2012 Annual Report 2012 Charoen Pokphand Foods Public Company Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
REPORT 2012 Annual Report 2012 Charoen Pokphand Foods Public Company Limited ANNUAL REPORT 2012 Annual Report 2012 Charoen Pokphand Foods Public Company Limited Charoen Pokphand Foods Public Company Limited 313 C.P. Tower Building, Silom Road, Bangrak, Bangkok 10500, Thailand Head Offifififfiice Tel: 66 2625 8000 Fax: 66 2638 2139 www.cpfworldwide.com Charoen Pokphand Foods Public Co., Ltd. NORWAY SWEDEN ESTONIA DENMARK IRELAND UNITED KINGDOM POLAND CANADA NETHERLANDS RUSSIA BELGIUM GERMANY FRANCE ITALY SPAIN TURKEY GREECE SOUTH KOREA UNITED STATES CYPRUS OF AMERICA MOROCCO JAPAN LEBANON CPF has production NEPAL CHINA and processing bases in BAHRAIN QATAR TAIWAN SAUDI ARABIA UNITED ARAB MEXICO EMIRATES “12 Countries” INDIA HONG KONG across the globe. From these internationally OMAN LAOS VIETNAM recognized and certiffiified facilities, PHILIPPINES GUAM our products are distributed CAMBODIA to more than 40 countries NIGERIA SRI LANKA in 5 continents - serving and satisfying MALAYSIA MARIANAS ISLANDS over 3 billion citizens of the world. MALDIVES SINGAPORE INDONESIA ANGOLA AUSTRALIA CPF Operations (Including subsidiaries and associates) SOUTH AFRICA Sales Representatives Thailand's Export Destinations NEW ZEALAND NORWAY SWEDEN ESTONIA DENMARK IRELAND UNITED KINGDOM POLAND CANADA NETHERLANDS RUSSIA BELGIUM GERMANY FRANCE ITALY SPAIN TURKEY GREECE SOUTH KOREA UNITED STATES CYPRUS OF AMERICA MOROCCO JAPAN LEBANON CPF has production NEPAL CHINA and processing bases in BAHRAIN QATAR TAIWAN SAUDI ARABIA UNITED ARAB MEXICO EMIRATES “12 Countries” INDIA HONG KONG across the globe. From these internationally OMAN LAOS VIETNAM recognized and certiffiified facilities, PHILIPPINES GUAM our products are distributed CAMBODIA to more than 40 countries NIGERIA SRI LANKA in 5 continents - serving and satisfying MALAYSIA MARIANAS ISLANDS over 3 billion citizens of the world. MALDIVES SINGAPORE INDONESIA ANGOLA AUSTRALIA CPF Operations (Including subsidiaries and associates) SOUTH AFRICA Sales Representatives Thailand's Export Destinations NEW ZEALAND Quality and food safety are CPF’s primary concerns. Our facilities are designed and built to meet most stringent international standard; our production processes and operating procedures are detailed to ensure integrity of the products; our total vertically integrated operations provide full control and traceability throughout the supply chain. Dedicated and committed to creating sustainable total vertically food integratedoperations Quality and food safety are CPF’s primary concerns. Our facilities are designed and built to meet most stringent international standard; our production processes and operating procedures are detailed to ensure integrity of the products; our total vertically integrated operations provide full control and traceability throughout the supply chain. Dedicated and committed to creating sustainable total vertically food integratedoperations Sourcing of ingredients is an important factor in production of hygienic and quality food products. This is the reason why CPF is so particular about raw material procurement. eticulous andM considerationcare in providing safe food products to all walks and Circle of Life Sourcing of ingredients is an important factor in production of hygienic and quality food products. This is the reason why CPF is so particular about raw material procurement. eticulous andM considerationcare in providing safe food products to all walks and Circle of Life Multitude of food product varieties to satisfy globalpalates Consideration is given to differences in culture, customs and epicurean preferences when developing and creating food dishes. Multitude of food product varieties to satisfy globalpalates Consideration is given to differences in culture, customs and epicurean preferences when developing and creating food dishes. aring Cand isCPF’ sharingsroad map to sustainability. Charity begins at home. CPF’s concern for the society at large evolves from improvement within and grows toward local communities and environment. Working and walking hand-in-hand will make this world a better place. aring Cand isCPF’ sharingsroad map to sustainability. Charity begins at home. CPF’s concern for the society at large evolves from improvement within and grows toward local communities and environment. Working and walking hand-in-hand will make this world a better place. CONTENTS Message to Shareholders 12 The Company at a Glance 14 CPF Milestones 18 CPF Awards and Recognitions 20 Operations in Brief 24 Management’s Discussion and Analysis 34 Report of the Board of Directors’ Responsibility 43 for Financial Statements Industry Overview 45 Risk Factors 54 Management 62 Corporate Governance 90 Corporate Social Responsibility for Sustainability 106 Capital in Brief 110 Shareholders 112 Quick Facts 114 General Information of the Company’s Investments 115 References 139 Contact Us 141 Note: ‘The Company’ or ‘CPF’ in this annual report refer to Charoen Pokphand Foods Public Company Limited (‘CPF’) and its subsidiaries which CPF directly or indirectly holds more than 50% of their paid-up capital and companies that CPF has control. Mr. Dhanin Chearavanont Chairman of Mr. Adirek Sripratak the Board of Directors President and Chief Executive Officer 12 Annual Report Message to Shareholders In 2012 the Company was faced with many challenges and traceability. The Company is dedicated to social including fluctuating price of raw material and higher responsibility, environment conservation and sustainable production cost. Severe drought in America and South business growth. America caused prices of corn and soybean meal, sources of protein to animal diets, to increase steeply. At present, the Company has investments and As a result, production cost of raising animal protein operations in 12 countries with over 3 billion population. increased accordingly. To make matter worse, over We export to some 40 countries including the United supply of swine, broiler and layer made market price States, European Union and Japan. Our strategy to for these animals to be lowered than production cost. becoming top food company of the World is through However, CPF’s growth and profitability in other innovation, personnel development and research and businesses remained favorable, particularly our ready development. The Company also dedicates to providing meal business. Acquisition of CP Pokphand Co., Ltd., products and services that are of high quality, creating with operations in China and Vietnam, was also food security, as well as operating the business with positive to CPF overall growth. strict adherence to corporate social responsibility, environment conservation and sound corporate Consolidated sales in 2012 is THB 357,175 million with governance. net profit of THB 18,790 million, equivalent to 73% and 17% growth over 2011 respectively. Sales in 2013 In addition to the above-mentioned, CPF operates will continue to grow from our international operations. on three guiding principles - benefits to the country, The Company’s emphasis on investing in ready meal benefits to the society, and benefits to the Company. business will continue, especially in China, Vietnam We are concerned for all stakeholders’ interest and and Thailand. to growing sustainably to becoming “Kitchen of the World.” With our vision to be “Kitchen of the World”, the Company is committed to our vertical integration business in On behalf of the board of directors, management agro-industry and food. We will continue to provide and staff, we thank you our shareholders for the trust quality product in terms of nutrition, taste, food safety and support. Mr. Dhanin Chearavanont Mr. Adirek Sripratak Chairman of President and the Board of Directors Chief Executive Officer Kitchen of the World 13 The Company at a Glance Leading Agro-Industrial and Food Conglomerate Charoen Pokphand Foods Public Company Limited is the leading agro-industrial and food conglomerate in the Asia Pacific region. The Company operates in both the livestock (swine, broilers, layers, and ducks) and aquaculture (shrimp and fish) businesses. The vertically integrated businesses incorporate the manufacturing of animal feed, animal breeding and animal farming; meat processing, the manufacturing of semi-cooked meat and fully-cooked meat; food products and ready meal products, as well as the meat and food retailer and restaurant businesses. CPF’s CPF’s Values VISION Mission CPF engages in vertically 1. Three Benefits to integrated agro-industrial and Sustainability - for the food businesses and commits to Country, the People and providing products and services the Company that are of high quality, nutritious, 2. Speed and Quality tasty, safe and traceable, and is 3. Simplification dedicated to operating 4. Adaptation to Change our business with strict adherence 5. Innovativeness to corporate social responsibility 6. Integrity, Honesty and environment conservation & Reciprocity as a means of achieving sustainable growth. The Company has production bases in 12 countries The Company’s operations can be divided into two across the globe, serving more than 3,000 million main areas as follows: people, and exports fresh meat and processed meat 1) Thailand Operations - which comprises operations under the customers’ brands, as well as ready-to-eat in Thailand that lead to domestic sales and export; products under the brand, to more than 40 countries 2) International Operations - which incorporates the worldwide, spanning five continents. investment in agro-industrial and food businesses in eleven countries including subsidiaries in China, Vietnam and Turkey;
Load more

Recommended publications
  • Logistics, Transport, Infrastructure Richard D. Lovell Charoen Pokphand Foods Public Company Ltd Abstract
    From farm to fork: logistics, transport, infrastructure Richard D. Lovell Paper prepared for presentation at the “The Supermarket Revolution In Food: Good, bad or ugly for the world’s farmers, consumers and retailers?” conference conducted by the Crawford Fund for International Agricultural Research, Parliament House, Canberra, Australia, 14-16 August 2011 Copyright 2011 by Richard D. Lovell. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. From farm to fork: logistics, transport, infrastructure Richard D. Lovell Charoen Pokphand Foods Public Company Ltd Abstract In Thailand, as in other markets, the supermarket ‘revolution’ is seen as a ‘two-edged sword’. On the one hand, it can lower food prices for consumers and create opportunities for farmers and processors to gain access to quality-differentiated food markets and raise incomes. On the other hand, it can create challenges for small retailers, farmers, and processors who are not equipped to meet the new competition from, and requirements of, supermarkets. Retailing in Thailand has come a long way in only a couple of decades, with new companies entering the market, such as the large European companies Tesco, Carrefour (until recently) and Big C (Casino Group). The number of convenience stores has also grown, with 7-Eleven (6000 stores) run by CP Group (CP ALL) and to a lesser extent Family Mart from Taiwan. Along with these modern trade retailers, third party logistics (3PL) service providers such as Linfox, DHL, CEVA Logistics and others have also entered Thailand.
    [Show full text]
  • Seafood Metrics Report Supplement: Industry Engagement Platforms
    Seafood Metrics Report Supplement: Industry Engagement Platforms (Updated) June 2018 Packard Foundation | Seafood Metrics Report Supplement | March 2018 | Page 1 Table of Contents Introduction 3 Preliminary takeaways 4 Precompetitive platform summary 6 Summary of companies and platform membership 7 Research on individual platforms Food Marketing Institute (FMI) Seafood Strategy Committee (SSC) 11 Foodservice Roundtable 12 Global Dialogue on Seafood Traceability 13 Global Salmon Initiative (GSI) 14 Global Sustainable Seafood Initiative (GSSI) 15 International Seafood Sustainability Foundation (ISSF) 16 National Fisheries Institute (NFI) Crab Council 17 Sea Pact 18 Seafood Business for Ocean Stewardship (SeaBOS) 19 Sustainable Fisheries Partnership (SFP) Supplier Roundtables 20 Seafood Task Force 21 World Economic Forum (WEF) Tuna 2020 Traceability Declaration 22 Appendix NGO engagement in sustainability platforms 25 List of companies only committed to one platform 26 Companies not committed to any platform, but working with an NGO partner 35 Packard Foundation | Seafood Metrics Report Supplement | March 2018 | Page 2 Introduction The 2017 Seafood Metrics Supplement is focused on precompetitive and other industry platforms that involve sustainable seafood. California Environmental Associates (CEA) conducted high-level, broad research on 12 precompetitive platforms, developing an inventory of readily available information on each platform, including: ▪ Membership. What companies are participating in each platform? ▪ Background. When and
    [Show full text]
  • 2020 Annual Report Contents
    2020 Annual Report Contents ABOUT US CORPORATE GOVERNANCE i Five-Year Summary 116 Corporate Governance Report 1 Introduction 131 Changes in the Share Capital and ’ 2 Business Performance at a Glance Shareholders Profile Directors, Supervisors, Senior Management 4 Chairman’s Statement 134 and Employees 152 Report of the Board of Directors and MANAGEMENT DISCUSSION AND ANALYSIS Significant Events 170 Report of the Supervisory Committee 8 Customer Development 14 Technology-Powered Business Transformation FINANCIAL STATEMENTS 20 Business Analysis 20 Performance Overview 172 Independent Auditor’s Report 23 Life and Health Insurance Business 179 Consolidated Income Statement 32 Property and Casualty Insurance Business 180 Consolidated Statement of Comprehensive 38 Investment Portfolio of Insurance Funds Income 181 Consolidated Statement of Financial Position 44 Banking Business 183 Consolidated Statement of Changes In Equity 54 Asset Management Business 184 Consolidated Statement of Cash Flows 60 Technology Business 185 Notes to Consolidated Financial Statements 68 Analysis of Embedded Value 79 Liquidity and Capital Resources 85 Risk Management OTHER INFORMATION 100 Sustainability 327 Ping An Milestones 113 Prospects of Future Development 328 Honors and Awards 329 Glossary 332 Corporate Information Cautionary Statements Regarding Forward-Looking Statements To the extent any statements made in this Report contain information that is not historical, these statements are essentially forward- looking. These forward-looking statements include but are not limited to projections, targets, estimates and business plans that the Company expects or anticipates may or may not occur in the future. Words such as “potential”, “estimates”, “expects”, “anticipates”, “objective”, “intends”, “plans”, “believes”, “will”, “may”, “should”, variations of these words and similar expressions are intended to identify forward-looking statements.
    [Show full text]
  • This Call for TPIA To
    19 August 2014 Mr. Nirut Rublek General Secretary Thai Pineapple Industry Association Board of Directors 5/29 Soi Yakthanon Na Ranong Kloykoei, Cameron Duncan President Bangkok 10110 Thailand Eric Dirnbach Tel/Fax: 66 2 502691, 66897771239, email: [email protected], Vice President [email protected] Carol Rosenblatt Secretary Katherine Isaac Dear Mr. Nirut Rublek, Treasurer Re: TPIA responsibility to engage in dialogue about alleged human rights Arturo Alcalde Justiniani violations in Thailand’s fruit industry Kim Bobo John Cavanagh As executive director of the International Labor Rights Forum (ILRF), a human May Chen rights organization dedicated to creating a dignified world for workers, I am Lance Compa writing you today to pledge support for and stand in solidarity with labor rights Joseph Eldridge Cathy Feingold activist Andy Hall. Mr. Hall is a long-time partner of my organization. His efforts Judy Gearhart to uncover labor rights abuses in Thai export industries and empower workers in Ken Grossinger factories to improve their own working conditions has been remarkably successful Sarita Gupta and directly improved the lives of thousands of migrant workers. Mark Harrison Yvette Herrera Owen Herrnstadt ILRF received an English language translation of your letter sent August 13 , Lorretta Johnson 2014, to Mr. Komsan Tongsiri, State Enterprises Workers’ Relations Yvette Pena-O’Sullivan Confederation (SERC) in response to a letter signed by nearly 100 human rights Patricia Pineda Kailash Satyarthi organizations asking TPIA to encourage Natural Fruit Co. Ltd. (Natural Fruit) to Rep. Jan Schakowsky withdraw the law suits against Andy Hall and address allegations of labour rights Daniel Smith violations.
    [Show full text]
  • Independent Director and Chairman of the Audit Committee Mr. Vitthya
    Financial Highlights (Unit : Million Baht) 2005 2004 2003 Consolidated Financial Results Service revenues (normalized) 1/ 41,452 30,366 27,001 Total revenues (normalized) 1/ 44,193 32,728 27,950 EBITDA (normalized) 1/ 2/ 15,705 12,930 11,642 Operating profit (normalized) 1/ 2/ 3/ 1,217 1,145 491 Net profit (loss) (4,269) 605 (5,674) Consolidated Balance Sheets and Cash Flows Total assets 108,058 102,625 86,760 Total liabilities 107,751 97,888 85,265 , Total shareholders equity 307 4,738 1,495 Cash flow from operations 11,604 7,381 7,076 Free cash flow 4/ 1,335 3,419 (3,303) Key Financial and Efficiency Ratios EBITDA margin 35.5% 39.5% 41.7% Operating profit margin 2.8% 3.5% 1.8% Asset Turnover 40.9% 31.9% 32.2% EBITDA / Interest coverage ratio (Times) 5/ 3.3 3.1 2.6 Net debt / EBITDA (Times) 5/ 4.9 6.1 5.9 2 (Unit : Million Baht) 2005 2004 2003 Per Share Data and Others Loss per share (Baht) 6/ (1.46) (0.03) (2.13) Book value per share (Baht) 0.07 1.16 0.40 Share price at year end (Baht) 10.00 8.10 7.30 No. of outstanding shares at year end (Million shares) 4,094.7 4,092.5 3,694.5 Market capitalization 40,947.5 33,149.5 26,969.8 1/ Consolidated service revenues and total revenues for the year 2005 have been adjusted to exclude out-of-period accounting adjustment of Bt 282 mn for over accrued revenues from fixed line's international call service in the year 2004.
    [Show full text]
  • Global Supply Chains in the Food Industry: Insights from the Asia-Pacific Region
    ILO Asia-Pacific Working Paper Series Global supply chains in the food industry: Insights from the Asia-Pacific region Stephen Frenkel, Ivanka Mamic and Laura Greene March 2016 ILO Asia-Pacific Working Paper Series Global supply chains in the food industry: Insights from the Asia-Pacific region Stephen Frenkel, Ivanka Mamic and Laura Greene March 2016 iii Copyright © International Labour Organization 2016 First published 2016 Publications of the International Labour Office enjoy copyright under Protocol 2 of the Universal Copyright Convention. Nevertheless, short excerpts from them may be reproduced without authorization, on condition that the source is indicated. For rights of reproduction or translation, application should be made to ILO Publications (Rights and Licensing), International Labour Office, CH-1211 Geneva 22, Switzerland, or by email: [email protected]. The International Labour Office welcomes such applications. Libraries, institutions and other users registered with a reproduction rights organization may make copies in accordance with the licences issued to them for this purpose. Visit www.ifrro.org to find the reproduction rights organization in your country. Frenkel, Stephen ; Mamic, Ivanka ; Greene, Laura Global supply chains in the food industry : insights from the Asia-Pacific region / Stephen Frenkel, Ivanka Mamic and Laura Greene ; International Labour Organization ; ILO DWT for East and South-East Asia and the Pacific. – Bangkok : ILO, 2016 (ILO Asia-Pacific working paper series, ISSN: 2227-4405 (web pdf)) International
    [Show full text]
  • AR CPF 06 Eng.Indd
    Cover CPF revise 2-Eng.pdf 4/11/06 10:44:25 AM C M Y CM MY CY CMY K Contents The Company at a glance 02 Message from the Chairman 06 Message from the President 08 Thailand operations 13 Overseas operations 29 Risk factors 30 Discussion on results and financial status 36 Management 46 Corporate governance 72 Corporate social responsibility 86 Quick fact 91 Past to present 92 Investor information 96 References 108 Please note that: “The Company” or “CPF Group” herein this Annual Report refers to Charoen Pokphand Foods Public Company Limited (“CPF”) and its subsidiaries (companies that CPF has shareholding exceeding 50% of their paid-up capital) The Company at a Glance Charoen Pokphand Foods Public Company Limited and its subsidiaries or “CPF Group” is the leading agro-industrial and food conglomerate in Thailand. The greater part of the Company production bases is in Thailand and some operate overseas. As of December 31, 2005, its paid-up capital was THB 7,520 million, and its market capitalization was approximately THB 45,875 million. Apart from maintaining its leading position in animal feed business, the Company’s initial business, the Company also strives to be leader in meat and food business both in Thailand and in overseas countries where it has vested interest and operate with aim to achieve acceptable operating profit. The Company conducts business with environment friendliness, with responsibility to social at large and posts good corporate governance practices. All these are to strengthen its business to ensure sustainable growth and ability to compete internationally.
    [Show full text]
  • The Business Benchmark on Farm Animal Welfare Report
    The Business Benchmark on Farm Animal Welfare Report 2020 Nicky Amos, Dr Rory Sullivan & Dr Nathan Rhys Williams MRCVS The Business Benchmark on Farm Animal Welfare Report 2020 The Business Benchmark on Farm Animal Welfare The Business Benchmark on Farm Animal Welfare (BBFAW) is the leading global measure of farm animal welfare management, policy commitment, performance and disclosure in food companies. It enables investors, companies, NGOs and other stakeholders to understand corporate practice and performance on farm animal welfare, and it drives – directly and through the efforts of others – corporate improvements in the welfare of animals reared for food. The BBFAW Secretariat maintains the Global Investor Statement on Farm Animal Welfare and convenes the Global Investor Collaboration on Farm Animal Welfare, a collaborative engagement between major institutional investors and food companies on the issue of farm animal welfare. In addition, the BBFAW Secretariat manages extensive engagement programmes with companies and with investors and provides practical guidance and tools for companies and for investors on key animal welfare issues. The programme is governed and supported by the BBFAW’s founding partners, Compassion in World Farming and World Animal Protection, who provide technical expertise, guidance, funding and practical resources, alongside supporting the assessed food businesses with training, programmatic expertise and consultancy engagement. More information on the programme can be found at www.bbfaw.com Compassion in World Farming Compassion in World Farming is the leading farm animal welfare charity advancing the wellbeing of farm animals and their integration into a more humane, sustainable food system, through advocacy, political lobbying and positive corporate engagement.
    [Show full text]
  • 004 Attachment 4 IM 2
    Attachment 4 The disclosure of additional information as required pursuant to the Rules on Acquisition or Disposal of Assets and the Rules on Connected Transactions 1. Information Memorandum disclosed pursuant to Clause 16 of the Notification of the Stock Exchange of Thailand Details are per Attachment 3. 2. Brief Information Concerning the Company and Its Business Operation Charoen Pokphand Foods Public Company Limited (CPF) and subsidiaries (collectively called the Company) operates an integrated agro-industrial and food businesses including feed production, animal breeding, animal husbandry, primary meat processing, food production and ready-to-eat food as well as meat and food retail outlets. Under the Three-Benefit Principle of benefiting the Country, the Society and The Company , the Company takes into careful consideration of environmental, social and economic balance affecting its stakeholders in all sectors and promotes the Sustainable Development Goals (SDGs) on the basis of good corporate governance. The scope of business operations can be divided into 2 main parts as: (1) Thailand operations and (2) International operations, as briefly elaborated as follows: 1) Thailand operations involve agro-industrial and food business operations for domestic distribution and export. The products include meat, processed meat and ready-to-eat food which will be distributed and exported covering more than 30 countries across 5 continents. The Companys Thailand operations cover livestock and aquaculture including swine, broilers, layers, ducks, shrimps and fish. Its integrated production process starts from production of animal feed, animal breeding, animal farming, processing of meat, production of semi-cooked or cooked meat products and ready-to-eat products, including operations of food retail and food outlets as the Companys distribution channels.
    [Show full text]
  • Annual Report
    年報 Chia Tai Enterprises International Limited 正大企業國際有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 00121 Mission 使命 Helping People to Live a Better Life 幫助人們享受更好的生活 Vision 願景 Be the Most Preferred Lifestyle Retailer for products & services All Families need, want & dream of 成為顧客最喜愛的生活購物中心，為 所有家庭提供需要的、想要的和夢想 得到的商品和服務 Philosophy 理念 Put the Customer first 顧客第一 LOTUS 卜蜂蓮花 Chia Tai Enterprises International Limited (“CTEI”) is an investment holding company. Through its subsidiaries, CTEI is principally engaged in the operation of large scale one-stop shopping centers, Lotus, located in the Northern, Eastern and Southern regions of China. Lotus has successfully introduced modern retail experience to China. The use of an advanced, comprehensive and efficient system for purchasing, storage and logistics helps to bring merchandise to customers at the lowest cost. As a one-stop shopping center, Lotus offers a large assortment of quality merchandise, including fresh food, health supplement, beverage & liquor, household chemicals, housewares, hardware, sporting goods and toys, electronic appliances, apparel, shoes and more. Lotus endeavours to be the number one choice of everyday shopping needs of every customer, providing convenience, hospitality and pleasant shopping environment. We are committed to “Customer First” and will strive to take part in enhancing their good lives. 正大企業國際有限公司（「正大企業」）乃一家投資控股公司，其附屬公司主要於華北、華東和華南 地區經營「一站式」的購物中心——卜蜂蓮花。 卜蜂蓮花成功地把先進的零售概念帶入中國，並已經建立了先進、完整、高效的採購、倉儲和配運體 系，以最低的成本把商品帶給顧客。作為一個「一站式」的購物中心，卜蜂蓮花幾乎涵蓋所有種類的
    [Show full text]
  • CPALL AR EN Final.Pdf
    Content 010 072 185 Messages from the Chairman Management Structure Anti-Corruption and Chairman of Executive Committee 016 089 188 Business Overview Information of Directors, Internal Control and Executive Officers, Company Secretary, Risk Management Internal Audit, Account Controller and Compliance 018 108 192 Company History in Brief Report of Executive Committee Related Transactions 022 111 204 Nature of Business Report of the Sustainability Report of the Audit Committee and Corporate Governance Committee 039 115 208 Risk Factors Corporate Governance Head of Internal Audit Biography 048 172 210 General Information Report of the Remuneration Board of Directors’ Statement and Other Information and Nomination Committee of Responsibility for Financial Reports 060 176 212 Dividend Policy Head of Compliance Biography Management Discussion and Analysis 062 178 222 Securities Details and Corporate Social Responsibility Annual Financial Statements Shareholding Structure and Auditor Report of Certified Public Accountant 002 Summary of Revenue and Earnings Financial Information Before Tax For Fiscal Years Ending December 31, Based on Business Segments* CP ALL Public Company Limited Revenue Earnings and its Subsidiaries Contribution Before Tax Contribution 2017 2018 2019 Consolidated Financial Information (Million Baht) 66 % 78 % CVS AND CVS AND Net Sales and Services Income 471,069 508,212 550,901 OTHERS OTHERS Total Revenues 489,403 527,174 571,110 Net Profit 19,908 20,930 22,343 Net Cash Provided by Operating Activities 46,156 41,227 40,477
    [Show full text]
  • Part II Information of True Corporation Public Company Limited
    Part II Information of True Corporation Public Company Limited True Corporation Public Company Limited Part II: Information of True Corporation Public Company Limited 1. Name and Location of the Company True Corporation Public Company Limited (“the Company”), with the security symbol “TRUE” on the Stock Exchange of Thailand, the company’s head office is located at: 18 True Tower, Ratchadapisek Road, Huai Khwang, Bangkok 10310 Telephone: (662) 643-1111 Fax: (662) 643-1651 Website: www.truecorp.co.th 2. Type of Business and Nature of the Main Operations of the Company True Corporation Public Company Limited is Thailand’s integrated communications solutions provider. True facilitates subscriber lifestyles through the convergence of its voice (fixed-line and mobile), video and data services. By embracing innovation and by offering a comprehensive selection of networks, services and content, True is also well placed to seize future growth opportunities. True’s convergence lifestyle strategy is unique within the Thai market. It focuses on providing customers with their preferred combinations of content and services from our integrated platform. It also helps us to differentiate ourselves from the competition, drive subscriber growth and customer loyalty as well as maximize the full potential of our services. We believe convergence enhances value for our customers and delivers significant benefits in the medium and long term. Since the beginning of 2007, True has been organized into five core businesses (this document follows this category format): Online business under TrueOnline, consisting of fixed-line phone and value-added services, business data services, Broadband Internet services, WE PCT (Personal Communication Telephone) plus the lifestyle venture, True Coffee; Wireless business under TrueMove (formerly TA Orange); Pay-TV business under TrueVisions (formerly UBC); Digital commerce under TrueMoney; Digital content business under TrueLife.
    [Show full text]