DOCSLIB.ORG

Flexshares 2018 Semiannual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

FlexShares® Trust Semiannual Report April 30, 2018 FlexShares® Morningstar US Market Factor Tilt Index Fund FlexShares® Morningstar Developed Markets ex-US Factor Tilt Index Fund FlexShares® Morningstar Emerging Markets Factor Tilt Index Fund FlexShares® Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund FlexShares® Currency Hedged Morningstar EM Factor Tilt Index Fund FlexShares® US Quality Large Cap Index Fund FlexShares® STOXX® US ESG Impact Index Fund FlexShares® STOXX® Global ESG Impact Index Fund FlexShares® Morningstar Global Upstream Natural Resources Index Fund FlexShares® STOXX® Global Broad Infrastructure Index Fund FlexShares® Global Quality Real Estate Index Fund FlexShares® Real Assets Allocation Index Fund FlexShares® Quality Dividend Index Fund FlexShares® Quality Dividend Defensive Index Fund FlexShares® Quality Dividend Dynamic Index Fund FlexShares® International Quality Dividend Index Fund FlexShares® International Quality Dividend Defensive Index Fund FlexShares® International Quality Dividend Dynamic Index Fund FlexShares® iBoxx 3-Year Target Duration TIPS Index Fund FlexShares® iBoxx 5-Year Target Duration TIPS Index Fund FlexShares® Disciplined Duration MBS Index Fund FlexShares® Credit-Scored US Corporate Bond Index Fund FlexShares® Credit-Scored US Long Corporate Bond Index Fund FlexShares® Ready Access Variable Income Fund FlexShares® Core Select Bond Fund Table of Contents Statements of Assets and Liabilities ................................................ 2 Statements of Operations................................................................. 9 Statements of Changes in Net Assets............................................. 16 Financial Highlights ........................................................................... 30 Schedules of Investments ................................................................. 50 FlexShares® Morningstar US Market Factor Tilt Index Fund ............ 50 FlexShares® Morningstar Developed Markets ex-US Factor Tilt Index Fund......................................................................................... 84 FlexShares® Morningstar Emerging Markets Factor Tilt Index Fund.................................................................................................... 130 FlexShares® Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund......................................................................................... 172 FlexShares® Currency Hedged Morningstar EM Factor Tilt Index Fund.................................................................................................... 174 FlexShares® US Quality Large Cap Index Fund ................................ 176 FlexShares® STOXX® US ESG Impact Index Fund ............................ 180 FlexShares® STOXX® Global ESG Impact Index Fund ..................... 186 FlexShares® Morningstar Global Upstream Natural Resources Index Fund......................................................................................... 199 FlexShares® STOXX® Global Broad Infrastructure Index Fund........ 207 FlexShares® Global Quality Real Estate Index Fund......................... 214 FlexShares® Real Assets Allocation Index Fund................................. 219 FlexShares® Quality Dividend Index Fund ......................................... 220 FlexShares® Quality Dividend Defensive Index Fund........................ 227 FlexShares® Quality Dividend Dynamic Index Fund ......................... 233 FlexShares® International Quality Dividend Index Fund................... 238 FlexShares® International Quality Dividend Defensive Index Fund.................................................................................................... 247 FlexShares® International Quality Dividend Dynamic Index Fund... 254 FlexShares® iBoxx 3-Year Target Duration TIPS Index Fund ............ 260 FlexShares® iBoxx 5-Year Target Duration TIPS Index Fund ............ 261 FlexShares® Disciplined Duration MBS Index Fund .......................... 262 FlexShares® Credit-Scored US Corporate Bond Index Fund............ 266 FlexShares® Credit-Scored US Long Corporate Bond Index Fund.................................................................................................... 274 FlexShares® Ready Access Variable Income Fund............................ 281 FlexShares® Core Select Bond Fund................................................... 289 Notes to the Financial Statements................................................... 291 Fund Expenses ................................................................................... 330 Supplemental Information ............................................................... 334 For More Information ....................................................................... 341 FlexShares® Trust Statements of Assets and Liabilities April 30, 2018 (Unaudited) FlexShares® FlexShares® Morningstar Morningstar FlexShares® FlexShares® Developed Emerging Currency Hedged Morningstar US Markets ex-US Markets Morningstar DM Market Factor Tilt Factor Tilt Factor Tilt ex-US Factor Tilt Index Fund Index Fund Index Fund Index Fund ASSETS Securities, at cost $ 803,772,544 $ 927,357,150 $598,494,549 $ — Affiliate securities, at cost 463,349 — — 8,141,102 Securities Lending Reinvestments, at cost 114,029,474 16,242,330 1,262,450 — Securities, at value 1,187,760,987 1,096,116,542 712,781,764 — Affiliate securities, at value 794,861 — — 9,196,692 Securities Lending Reinvestments, at value 114,031,774 16,242,330 1,262,450 — Cash 9,280,095 6,092,570 2,194,864 1,255 Cash segregated at broker* 999,443 834,773 553,023 — Foreign cash† — 6,344,267 2,926,583 — Restricted cash** — 2,053 — — Due from Authorized Participant — — — — Due from Custodian — — — — Unrealized appreciation on forward foreign currency contracts — 146,677 56,433 144,961 Receivables: Dividends and interest 829,049 6,139,104 648,729 — Securities lending income 76,046 108,408 23,311 — Capital shares issued — — — — Investment adviser 71,261 52,899 27,535 1,125 Securities sold 1,150 — 231,308 — Variation margin on futures contracts — 804,474 — — Total Assets 1,313,844,666 1,132,884,097 720,706,000 9,344,033 LIABILITIES Cash overdraft ———— Unrealized depreciation on forward foreign currency contracts — 261,349 17,917 — Due to brokers — — 2,311 — Payables: Cash collateral received from securities loaned 114,036,329 16,242,330 1,262,450 — Deferred compensation (Note 7) 60,843 44,086 21,999 436 Investment advisory fees (Note 4) 248,425 355,091 344,902 155 Trustee fees (Note 7) 10,418 8,813 5,536 689 Securities purchased — 206 142,714 — Deferred non-US capital gains taxes — — 85,864 — Due to Authorized Participant — 2,053 — — Variation margin on futures contracts 336,638 — 192,297 — Capital shares redeemed — — — — Other 4,500 40,000 100,000 — Total Liabilities 114,697,153 16,953,928 2,175,990 1,280 Net Assets $1,199,147,513 $1,115,930,169 $718,530,010 $9,342,753 NET ASSETS CONSIST OF: Paid-in capital $ 824,093,307 $ 990,936,145 $623,112,950 $8,086,916 Undistributed (accumulated) net investment income (loss) 2,890,757 1,502,586 (190,733) (539) Undistributed (accumulated) net realized gain (loss) on investments and foreign currency transactions (11,960,121) (45,809,840) (18,462,388) 55,825 Net unrealized appreciation (depreciation) on: Investments 384,319,955 168,759,392 114,203,748 1,055,590 Securities lending 2,300 — — — Futures contracts (198,685) 829,978 (158,236) — Forward foreign currency contracts and foreign currency translations — (288,092) 24,669 144,961 Net Assets $1,199,147,513 $1,115,930,169 $718,530,010 $9,342,753 Shares Outstanding (unlimited number of shares authorized $0.0001 par value) 10,900,001 16,200,001 12,000,001 325,001 Net Asset Value $ 110.01 $ 68.88 $ 59.88 $ 28.75 † Cost of foreign cash $ — $ 6,439,588 $ 2,934,943 $ — * Includes cash pledged by the Fund to cover margin requirements for open futures contracts as of 04/30. ** Includes cash pledged by an Authorized Participant for missing deposit securities required to secure Creation Units. See Accompanying Notes to the Financial Statements. 2 FLEXSHARES SEMIANNUAL REPORT Statements of Assets and Liabilities (cont.) FlexShares® FlexShares® Currency Hedged FlexShares® FlexShares® STOXX® Morningstar EM US Quality STOXX® US Global ESG Factor Tilt Large Cap ESG Impact Impact Index Fund Index Fund Index Fund Index Fund ASSETS Securities, at cost $ — $38,738,982 $21,661,879 $62,603,184 Affiliate securities, at cost 27,152,133 — — — Securities Lending Reinvestments, at cost — — — — Securities, at value — 42,558,734 23,266,349 65,075,588 Affiliate securities, at value 35,312,316 — — — Securities Lending Reinvestments, at value — — — — Cash 223,062 114,324 218,996 355,869 Cash segregated at broker* 26,395 28,058 20,563 111,118 Foreign cash† 2 — — 371,624 Restricted cash** — ——— Due from Authorized Participant — — — — Due from Custodian — ——— Unrealized appreciation on forward foreign currency contracts 221,530 — — — Receivables: Dividends and interest — 30,947 24,275 164,648 Securities lending income — — — — Capital shares issued — — — — Investment adviser 2,098 1,348 884 1,261 Securities sold — ——— Variationmarginonfuturescontracts — — — — Total Assets 35,785,403 42,733,411 23,531,067 66,080,108 LIABILITIES Cash overdraft — ——— Unrealized depreciation on forward foreign currency contracts 44,847 — — — Due to brokers — ——— Payables: Cash collateral received from securities loaned — — — — Deferred compensation (Note 7) 1,221 597 258 530 Investment advisory fees (Note
Recommended publications
  • December 2013 Investment Survey

    December 2013 Investment Survey

    MJW Survey – December 2013 Quarterly market overview Investments KiwiSaver Wholesale funds & KiwiSaver results January 2014 Market returns Quarter (%) Year (%) Quarter (%) Year (%) NZX 50 (including imputation credits) 0.2 17.9 NZX NZ Government Bond 0.5 -2.0 S&P/ASX 200 (NZD) 0.1 3.8 NZX Corporate A Grade 0.6 1.9 MSCI World - Local Currency 8.4 28.9 NZ All Swaps -0.3 -1.6 MSCI World - Hedged 8.3 30.6 Barclays Global Aggregate 0.9 2.2 MSCI World - Unhedged 9.3 27.0 Citigroup WGBI 0.7 2.5 MSCI Emerging Markets - Unhedged 3.1 -2.4 90 Day Bank Bill 0.7 2.7 NZX Property -0.5 3.9 NZ $ / US $ -1.2 -0.2 UBS Global Property 0.2 6.5 NZ $ / A $ 3.3 15.8 1 Quarterly market overview NZ cash and fixed interest: It was a better quarter for NZ bonds with the yield on 10 year government stock rising from 4.1% to 4.6% over the period, resulting in a NZX Government Stock Index return for the quarter of 0.5%. For the one year period, the return was a disappointing -2.0%; in contrast the NZX Corporate A Grade Index returned 1.90% for the year. Global bonds did slightly better with the hedged BGA index returning 0.9% for the quarter and 2.2% for the year. Cash continued to achieve solid albeit sub 3% returns at 2.7%. Australasian shares: While NZ investors had a weak quarter, up just 0.2% the 1 year number was solid at 17.9%.
  • Flexshares 2019 Semiannual Report

    Flexshares 2019 Semiannual Report

    FlexShares® Trust Semiannual Report April 30, 2019 Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of FlexShares® Trust’s shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from FlexShares® Trust or your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on FlexShares® Trust’s website (www.flexshares.com) and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you have already elected to receive your shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from FlexShares® Trust electronically at any time by contacting your financial intermediary. You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds in FlexShares® Trust that you hold in your account at the financial intermediary. You must provide separate instructions to each of your financial intermediaries. Table of Contents Statements of Assets and Liabilities ................................................ 2 Statements of Operations................................................................. 9 Statements of Changes
  • New Paradigm in Cinema Industry CJ 4DX : What Is 4DX?

    New Paradigm in Cinema Industry CJ 4DX : What Is 4DX?

    4DX’s Challenge for Global Hallyu Creation Presenter: Byung-Hwan Choi CEO / CJ 4DPLEX Hallyu, at the Extension Stage 1980s 1990s 2000~ Cultural Hong Kong Japan Korea Trend In Asia Hong Kong Noir Movies Manga, Games, J-Pops Soap Operas, K-Pops, Games, Movies… Initial Before Hallyu stage Leaping Stage Extension Stage Revenue $Bil What is “Hallyu”? Highest Profit 1.2 Hallyu, the Korean Wave, is a Record neologism referring to the increase in the worldwide popularity of 1.0 <Dae Jang Geum> South Korean culture. First Hallyu 0.8 Culture 0.6 Export Culture Import Psy, 0.4 H.O.T Heyday of K-Pop debut in China 0.2 1980 1984 1988 1992 1996 2000 2004 2008 2012 Source: SERI Report (June 19, 2013) 1 CJ, Korea’s Leading Culture Creator CJ’s Hallyu Philosophy as Global Lifestyle company : 3 2 CJ Group, Business Portfolio Global CJ Foodville Global Bio Production Global CJ O Shopping Global CGV 184 stores in 10 countries Brazil, China, Indonesia, China, Indian, Japan, USA, China, Vietnam, Global bibigo Malaysia, USA Philippines, Thailand, Malaysia, Indonesia USA, China, UK, Japan, Turkey, Vietnam Singapore, Indonesia 3 CJ Group, Business Portfolio Sales by Year ($ Bil) 2013 9.2 2012 8.9 2011 8.2 2010 6.9 Weight of overseas sales as % of total sales 4 CJ Group, Business Portfolio Sales by Year ($ Bil) 2017 (exp) 5.0 2012 1.8 2011 1.5 2010 1.2 5 CJ Group, Business Portfolio CJ O Shopping Sales by Year ($ Bil) 2013 2.7 2012 2.5 2011 2.3 2010 1.8 CJ Korea Express CJ O SHOPPING GLOBAL BUSINESS 6 CJ Group, Business Portfolio PR Value from CJ’s Hallyu festivals - MAMA (Mnet Asia Music Awards) 2013 = 2.6 Bil - KCON 2014 = 36 Mil CJ E&M Sales by Year ($ Bil) 2013 1.6 2012 1.3 2011 1.2 CJ CGV & HelloVision Sales by Year ($ Bil) 2013 1.9 2012 1.5 2011 1.2 7 At the Center of Global Movie Industry Global Trends in Movie Industry Global Cinema Industry In Korea, cinema box office and attendance is continuously increasing since 2010.
  • Annual Report 2006

    Annual Report 2006

    Annual Report 2006 Minding our business Building your investment Our Vision To liberate and empower businesses MYOB is a global provider of solutions that liberate business owners and accountants from the burden of day to day administration, empowering them to achieve business success. Our Clients China - Finding the right solution MYOB BusinessBasics Mr Zheng originally came across provides more time BusinessBasics by chance. After seeing what it could do, he investigated further and for creativity realised that BusinessBasics offered exactly the functions that Pioneer Times needed. Since its establishment seven years ago, Chinese company Pioneer Times has Advice for other clients evolved from a creative design organisation “After implementing BusinessBasics, I providing traditional brand promotion went in to discuss a contract with a client. services, to an organisation working with the newly emerging fields of digital and Beforehand, I had a look at the client’s online design and production. historical project records in the new system. During the meeting, my client The key challenge was astonished to hear me quoting every expenditure item from our working history “Our business is still small so we don’t – and of course we won the business!” have the budget to recruit a professional “It makes me feel good that everything is accountant. However, the company’s back under my control.” financial management is crucial to our success. I have a team full of creative ideas but no-one who is passionate “I never thought software like this could about accounting!” change our company’s business operations beyond my wildest imagination.” The owner of Pioneer Times, Wei Zheng, often found it difficult to track projects, – Wei Zheng, outcomes or spend per project.
  • Stoxx® Pacific Total Market Index

    Stoxx® Pacific Total Market Index

    STOXX® PACIFIC TOTAL MARKET INDEX Components1 Company Supersector Country Weight (%) CSL Ltd. Health Care AU 7.79 Commonwealth Bank of Australia Banks AU 7.24 BHP GROUP LTD. Basic Resources AU 6.14 Westpac Banking Corp. Banks AU 3.91 National Australia Bank Ltd. Banks AU 3.28 Australia & New Zealand Bankin Banks AU 3.17 Wesfarmers Ltd. Retail AU 2.91 WOOLWORTHS GROUP Retail AU 2.75 Macquarie Group Ltd. Financial Services AU 2.57 Transurban Group Industrial Goods & Services AU 2.47 Telstra Corp. Ltd. Telecommunications AU 2.26 Rio Tinto Ltd. Basic Resources AU 2.13 Goodman Group Real Estate AU 1.51 Fortescue Metals Group Ltd. Basic Resources AU 1.39 Newcrest Mining Ltd. Basic Resources AU 1.37 Woodside Petroleum Ltd. Oil & Gas AU 1.23 Coles Group Retail AU 1.19 Aristocrat Leisure Ltd. Travel & Leisure AU 1.02 Brambles Ltd. Industrial Goods & Services AU 1.01 ASX Ltd. Financial Services AU 0.99 FISHER & PAYKEL HLTHCR. Health Care NZ 0.92 AMCOR Industrial Goods & Services AU 0.91 A2 MILK Food & Beverage NZ 0.84 Insurance Australia Group Ltd. Insurance AU 0.82 Sonic Healthcare Ltd. Health Care AU 0.82 SYDNEY AIRPORT Industrial Goods & Services AU 0.81 AFTERPAY Financial Services AU 0.78 SUNCORP GROUP LTD. Insurance AU 0.71 QBE Insurance Group Ltd. Insurance AU 0.70 SCENTRE GROUP Real Estate AU 0.69 AUSTRALIAN PIPELINE Oil & Gas AU 0.68 Cochlear Ltd. Health Care AU 0.67 AGL Energy Ltd. Utilities AU 0.66 DEXUS Real Estate AU 0.66 Origin Energy Ltd.
  • The Climate Risk of New Zealand Equities

    The Climate Risk of New Zealand Equities

    The Climate Risk of New Zealand Equities Hamish Kennett Ivan Diaz-Rainey Pallab Biswas Introduction/Overview ØExamine the Climate Risk exposure of New Zealand Equities, specifically NZX50 companies ØMeasuring company Transition Risk through collating firm emission data ØCompany Survey and Emission Descriptives ØPredicting Emission Disclosure ØHypothetical Carbon Liabilities 2 Measuring Transition Risk ØTransition Risk through collating firm emissions ØAimed to collate emissions for all the constituents of the NZX50. ØUnique as our dataset consists of Scope 1, Scope 2, and Scope 3 emissions, ESG scores and Emission Intensities for each firm. ØCarbon Disclosure Project (CDP) reports, Thomson Reuters Asset4, Annual reports, Sustainability reports and Certified Emissions Measurement and Reduction Scheme (CEMAR) reports. Ø86% of the market capitilisation of the NZX50. 9 ØScope 1: Classified as direct GHG emissions from sources that are owned or controlled by the company. ØScope 2: Classified as indirect emissions occurring from the generation of purchased electricity. ØScope 3: Classified as other indirect GHG emissions occurring from the activities of the company, but not from sources owned or controlled by the company. (-./01 23-./014) Ø Emission Intensity = 6789 :1;1<=1 4 Company Survey Responses Did not Email No Response to Email Responded to Email Response Company Company Company Air New Zealand Ltd. The a2 Milk Company Ltd. Arvida Group Ltd. Do not report ANZ Group Ltd. EBOS Ltd. Heartland Group Holdings Ltd. Do not report Argosy Property Ltd. Goodman Property Ltd. Metro Performance Glass Ltd. Do not report Chorus Ltd. Infratil Ltd. Pushpay Holdings Ltd. Do not report Contact Energy Ltd. Investore Property Ltd.
  • ESG Reporting by the ASX200

    ESG Reporting by the ASX200

    Australian Council of Superannuation Investors ESG Reporting by the ASX200 August 2019 ABOUT ACSI Established in 2001, the Australian Council of Superannuation Investors (ACSI) provides a strong, collective voice on environmental, social and governance (ESG) issues on behalf of our members. Our members include 38 Australian and international We undertake a year-round program of research, asset owners and institutional investors. Collectively, they engagement, advocacy and voting advice. These activities manage over $2.2 trillion in assets and own on average 10 provide a solid basis for our members to exercise their per cent of every ASX200 company. ownership rights. Our members believe that ESG risks and opportunities have We also offer additional consulting services a material impact on investment outcomes. As fiduciary including: ESG and related policy development; analysis investors, they have a responsibility to act to enhance the of service providers, fund managers and ESG data; and long-term value of the savings entrusted to them. disclosure advice. Through ACSI, our members collaborate to achieve genuine, measurable and permanent improvements in the ESG practices and performance of the companies they invest in. 6 INTERNATIONAL MEMBERS 32 AUSTRALIAN MEMBERS MANAGING $2.2 TRILLION IN ASSETS 2 ESG REPORTING BY THE ASX200: AUGUST 2019 FOREWORD We are currently operating in a low-trust environment Yet, safety data is material to our members. In 2018, 22 – for organisations generally but especially businesses. people from 13 ASX200 companies died in their workplaces. Transparency and accountability are crucial to rebuilding A majority of these involved contractors, suggesting that this trust deficit. workplace health and safety standards are not uniformly applied.
  • Glen Sowry on the First Lockdown

    Glen Sowry on the First Lockdown

    ANNUAL REPORT For personal use only 2020 A YEAR LIKE NO OTHER A Year Like No Other “From the outset, we 002 put the safety and 003 wellbeing of residents and staff at the centre of all decision-making. Our shared philosophy was simple - protecting our team of 7,000.” CEO GLEN SOWRY ON METLIFECARE’S COVID-19 RESPONSE For personal use only Pinesong resident Heather (right) has Front Cover: Resident village DJ Eddy Cross, Forest Lake Gardens a laugh with a friend on Grandparents Day METLIFECARE LIMITED ANNUAL REPORT 2020 Contents COMPANY OVERVIEW 06 At a Glance 08 Chair and CEO Report 16 Performance Overview 17 How We Create Value 18 Thriving Through Disruption 24 Becoming Future Fit 30 A Place to be You • Saluting Our People • Increasing Sustainability 44 Our Board of Directors 46 Our Executive Team 49 Corporate Governance Statement 53 5-Year Performance Summary 55 Underlying Profit Reconciliation 004 GROUP FINANCIAL STATEMENTS 005 58 Consolidated Statement of Comprehensive Income 59 Consolidated Statement of Movements in Equity 60 Consolidated Balance Sheet 61 Consolidated Cash Flow Statement 63 Notes to the Group Financial Statements 91 Independent Auditor’s Report STATUTORY INFORMATION 100 Interests Register 102 Director Information 103 Other Statutory Information 105 Shareholder and Bondholder Information 107 Directory This Annual Report is signed for and on behalf of the Board of the Company by: For personal use only K.R. Ellis A.B. Ryan CHAIR DIRECTOR Antoinette Rodahl and family 9 September 2020 9 September 2020 in fits of laughter, The Poynton METLIFECARE LIMITED ANNUAL REPORT 2020 Creating extraordinary 1 BAY OF ISLANDS living experiences AUCKLAND 15 4 At a glance HAMILTON 1 5 BAY OF PLENTY 006 At Metlifecare, we’re in the business of providing retirement communities in which people 007 are empowered to be the very best version of themselves.
  • Business Leadership: the Catalyst for Accelerating Change

    Business Leadership: the Catalyst for Accelerating Change

    BUSINESS LEADERSHIP: THE CATALYST FOR ACCELERATING CHANGE Follow us on twitter @30pctAustralia OUR OBJECTIVE is to achieve 30% of ASX 200 seats held by women by end 2018. Gender balance on boards does achieve better outcomes. GREATER DIVERSITY ON BOARDS IS VITAL TO THE GOOD GOVERNANCE OF AUSTRALIAN BUSINESSES. FROM THE PERSPECTIVE OF PERFORMANCE AS WELL AS EQUITY THE CASE IS CLEAR. AUSTRALIA HAS MORE THAN ENOUGH CAPABLE WOMEN TO EXCEED THE 30% TARGET. IF YOUR BOARD IS NOT INVESTING IN THE CAPABILITY THAT DIVERSITY BRINGS, IT’S NOW A MARKED DEPARTURE FROM THE WHAT THE INVESTOR AND BROADER COMMUNITY EXPECT. Angus Armour FAICD, Managing Director & Chief Executive Officer, Australian Institute of Company Directors BY BRINGING TOGETHER INFLUENTIAL COMPANY CHAIRS, DIRECTORS, INVESTORS, HEAD HUNTERS AND CEOs, WE WANT TO DRIVE A BUSINESS-LED APPROACH TO INCREASING GENDER BALANCE THAT CHANGES THE WAY “COMPANIES APPROACH DIVERSITY ISSUES. Patricia Cross, Australian Chair 30% Club WHO WE ARE LEADERS LEADING BY EXAMPLE We are a group of chairs, directors and business leaders taking action to increase gender diversity on Australian boards. The Australian chapter launched in May 2015 with a goal of achieving 30% women on ASX 200 boards by the end of 2018. AUSTRALIAN 30% CLUB MEMBERS Andrew Forrest Fortescue Metals Douglas McTaggart Spark Group Ltd Infrastructure Trust Samuel Weiss Altium Ltd Kenneth MacKenzie BHP Billiton Ltd John Mulcahy Mirvac Ltd Stephen Johns Brambles Ltd Mark Johnson G8 Education Ltd John Shine CSL Ltd Paul Brasher Incitec Pivot
  • Interbrand-Best-Korean-Brands-2015

    Interbrand-Best-Korean-Brands-2015

    Contents 02 Introduction 04 The future of business is personal 06 The Age of You: key questions answered 10 Best Korea Brands 2015 Top50 46 Best Korea Brands 2015 Analysis 54 Authors & Contributors 1 engage customers and generate genuine result, each of us will become our own 2015 will provide the insights you need value for the business. marketplace or “Mecosystem.” to drive your organization forward—and Introduction new inspiration to push creative thought The need to create brand experiences In our report, Jez Frampton, Global CEO Jihun Moon and innovation in these changing times. that are seamless and more holistic has of Interbrand, will elaborate on this new been precipitated by sector convergence era, which we at Interbrand refer to as Congratulations to all of Korea’s Best The origin of the term “branding” was and the rise of Big Data. Harnessing the the “Age of You”—the move from brand Global Brands—in particular those whose lit¬erally to burn one’s name onto prop- potential of Big Data isn’t just for tech as monologue, to brand as dialogue, leadership skills have earned them a erty as a crude mark of ownership. But companies anymore—it offers huge to brand as a communal experience, to place among the nation’s top brands. it’s only in our relatively recent history opportunities for all brands. By collecting brand as a truly personal and curated ex- that branding has become recognized as To your continued success, and analyzing customer data and honing perience created around each and every a business discipline.
  • Annual Report 2014 Crestwood

    Annual Report 2014 Crestwood

    METLIFECARE LIMITED Annual Report 2014 Crestwood This Annual Report is signed for and on behalf of the Board of the Company by: K.R. Ellis A.B. Ryan Chair Director 15 September 2014 15 September 2014 C over image: Ros from Pinesong was one of the first vets in New Zealand. One of her passions as a girl and young woman was sailing on the family launch with her father (a violinist) and mother. Ros still loves the ocean and her home is filled with landscapes of the sea and NZ beaches. The heart Ros is holding features a rope from a sailing boat with a sailing slip knot. 2 | METLIFECARE LIMITED ANNUAL REPORT 2014 1 & OVE HIG H LIG R VIEW H T S C ontents 2 S FIN T A A TEMENT N C I A Section 1 - Highlights & Overview L Our Business 6 S Our Five Year Transition 8 FY14 At a Glance 10 Chair’s Report 12 3 INFO S 15 T Chief Executive Officer’s Report A TUT ector Profiles 18 R Dir M O A R 20 TION Executive Team Profiles Y Y Overview of Financials 22 Family of Villages 24 Construction & Development Locations 25 Section 2 - Financial Statements Directors’ Report 28 Statements of Comprehensive Income 29 Statements of Movements in Equity 30 Balance Sheets 31 Cash Flow Statements 32 Notes to the Financial Statements 33 Independent Auditor’s Report 69 Section 3 - Statutory Information Corporate Governance Statement 74 Interests Register 83 Other Director Information 86 Other Statutory Information 88 Shareholder Information 90 Directory 92 ANNUAL REPORT 2014 METLIFECARE LIMITED | 3 Dannemora Gardens 4 | METLIFECARE LIMITED ANNUAL REPORT 2014 1 & OVE HIG
  • Essel Ar 09-10(Final)-Single Pgs.Qxp

    Essel Ar 09-10(Final)-Single Pgs.Qxp

    4SMWIHXSHIPMZIV %RRYEP6ITSVX 1IWWEKIJVSQXLI'LEMVQER 1IWWEKIJVSQ:MGI'LEMVQER 1EREKMRK(MVIGXSV &SEVHSJ(MVIGXSVW (MVIGXSVW 6ITSVX 1EREKIQIRX(MWGYWWMSR %REP]WMW 'SVTSVEXI+SZIVRERGI6ITSVX *MRERGMEP7XEXIQIRXW7XERHEPSRI *MRERGMEP7XEXIQIRXW'SRWSPMHEXIH Poised to Deliver The last few years have presented challenges and We are working to improve our cost opportunities. competitiveness and shrink the debt on our Balance Sheet. Challenges that shook the world and took profits away from global businesses like ours. Opportunities that We are now prepared to embark upon a steady growth allowed us to dominate our space, increase efficiency, to trajectory, our focus on the quality of growth that challenge and change, to consolidate and grow. enhances margins and return on capital. At Essel Propack, we moulded the challenges into We are a new Essel Propack. opportunities. With renewed vigour. With renewed focus. With fresh In 2009-2010, we turned around swiftly and surely. We energy. With fresh aggression. reported a Net Profit of Rs. 599 million for the fifteen And a new world to cater to. A world where Asia will months period ending 31st March, 2010 against a loss of grow. And USA and Europe will stabilise. Rs. 883 million in the year 2008. A world where players who are cost conscious and close We divested our medical devices business in 2009 to to the customer will enhance their market share and focus on growing our core tubing business better their margins. globally. We look at the future with a lot of promise and We are building strong customer relationships confidence. based on our reliable and superior delivery model. We feel that the next few years belong to companies like We are aggressively driving growth in Asia to us that have a solid reputation with the customers, significantly add volumes and build scale.