Annual Report 2010 - Leeden Limited

A StrongerSince our establishment in 1964, Leeden has grown from strengthto strength. We have established a strong brand equity through ourtechnical expertise and extensive range of products in the areas ofWelding, Gas and Safety. More essentially, we have ventured beyondSingapore and made progressive growth in the Asian region.Today, we have strong presence in Malaysia, Thailand, Indonesia,Vietnam, Philippines and China. We are well-positioned at theepicentre of the most dynamic and fastest growing region in theworld, committed to serve our customers from a wide range ofindustries. This is a strong testament to our vision and commitmentto executing our strategy in strengthening our foothold in Asia.CONTENTS01 Corporate Profile02 Business Divisions03 Regional Network04 Chairman’s Statement06 Board of Directors08 Regional Expansion10 Operations Review16 Financial Highlights17 Financial Review18 Corporate Social Responsibility18 Corporate Welfare19 46 th Anniversary Celebration19 Risk Management20 Property Listing21 Management Team22 Corporate Information23 Corporate Governance Report30 Directors’ Report35 Statement by Directors36 Independent Auditors’ Report37 Consolidated Income Statement38 Consolidated Statement of Comprehensive Income39 Balance Sheets40 Statements of Changes in Equity42 Consolidated Cash Flow Statement43 Notes to the Financial Statements106 Statistics of Shareholdings108 Notice of Annual General MeetingProxy Form