notes to the financial statements - Investor Relations

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CWT Limited 134 SHARE PRICE PERFORMANCE CWT outperformed STI by 15.1 percentage points in 2011. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Source: Bloomberg CWT Share Price and Volume 2011 2011 Total Shareholder Returns CWT Limited (CWT): -0.1% Straits Times Index (STI): -15.2% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Closing Price 1.190 1.190 1.230 1.300 1.220 1.340 1.290 1.120 0.945 1.050 1.005 0.990 High (S$) 1.270 1.320 1.270 1.410 1.320 1.350 1.390 1.315 1.140 1.065 1.080 1.040 Low (S$) 0.995 1.200 1.130 1.230 1.170 1.190 1.235 0.990 0.940 0.850 0.980 0.980 Average (S$) 1.133 1.260 1.200 1.320 1.245 1.270 1.313 1.153 1.040 0.958 1.030 1.010 Volume (‘000) 119,132 63,115 36,034 48,889 25,587 37,059 38,529 30,244 12,334 14,703 8,976 1,908 STI 3,180 3,011 3,106 3,180 3,160 3,120 3,189 2,885 2,675 2,856 2,702 2,646 40% 30% 20% 10% 0% -10% -20%
NOTICE OF ANNUAL GENERAL MEETING Annual Report 2011 NOTICE IS HEREBY GIVEN that the 42 nd Annual General Meeting of the shareholders of CWT Limited (the “Company”) will be held at 38 Tanjong Penjuru, CWT Logistics Hub 1, Singapore 609039 on 25 April 2012 at 3.30pm for the purpose of considering and, if thought fit, passing, with or without amendments, the following resolutions relating to both ordinary and special businesses which will be proposed as ordinary resolutions. ORDINARY BUSINESS 1. To receive and adopt the Audited Accounts for the financial year ended 31 December 2011, and the Directors’ Report and the Auditors’ Report thereon. (Resolution 1) 2. To approve a final one-tier cash dividend of 2.5 cents per share (or a total net dividend of S$15,007,616.25) for the financial year ended 31 December 2011. (Resolution 2) 3. To approve Directors’ fees of S$625,000 for the financial year ended 31 December 2011 (2010: S$655,000). (Resolution 3) 4. To re-elect the following Directors pursuant to Article 92 of the Company’s Articles of Association and who, being eligible, will offer themselves for re-election: Liao Chung Lik (Resolution 4) Mr Liao Chung Lik, if re-appointed, will continue to serve as a non-executive Director and a member of the Audit Committee. Loi Pok Yen (Resolution 5) Mr Loi Pok Yen, if re-appointed, will continue to serve as executive Director. To re-appoint Mr Loi Kai Meng as Director of the Company, pursuant to Section 153(6) of the Singapore Companies Act (Cap. 50), to hold such office from the date of this Annual General Meeting until the next Annual General Meeting of the Company. (Resolution 6) Mr Loi Kai Meng, if re-appointed, will continue to serve as non-executive Chairman and a member of the Nominating cum Remuneration Committee. 5. To re-appoint KPMG LLP as Auditors of the Company and to authorise the Directors to fix their remuneration. (Resolution 7) SPECIAL BUSINESS To consider and, if thought fit, to pass the following Resolutions with or without amendments as Ordinary Resolutions: 6. That pursuant to Section 161 of the Singapore Companies Act (Cap. 50) (“Companies Act”) and the listing rules of the Singapore Exchange Securities Trading Limited (“SGX-ST”), authority be and is hereby given to the directors of the Company (“Directors”) to: (A) (i) issue shares in the capital of the Company (“Shares”) (whether by way of rights, bonus or otherwise); (ii) make or grant offers, agreements or options or awards (collectively, “Instruments”) that might or would require Shares to be issued, including but not limited to the creation and issue of warrants, debentures or other instruments convertible into Shares; and (iii) issue additional Instruments arising from adjustments made to the number of Instruments previously issued in the event of rights, bonus or capitalization issues, at any time and upon such terms and conditions, and for such purposes, and to such persons as the Directors may in their absolute discretion deem fit; and 135
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CWT Limited Annual Report 2011 Annu
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ABOUT THE CWT GROUP VISION To Be A
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GROUP FIVE-YEAR FINANCIAL SUMMARY F
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Largest warehouse operator in Singa
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CWT Limited CHAIRMAN’S STATEMENT
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CWT Limited BOARD OF DIRECTORS Loi
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CWT Limited EXECUTIVE TEAM Loi Pok
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ELEVATION Rising through resilience
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COMMODITY SUPPLY CHAIN MANAGEMENT C
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MIDDLE EAST Kuwait Kuwait UK Estoni
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CWT Limited OPERATIONS REVIEW “Am
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CWT Limited OPERATIONS REVIEW 1. Br
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CHARACTER Our identity and performa
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EHS activities and related awards E
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Investor Relations We regularly eng
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CORPORATE GOVERNANCE Annual Report
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DIRECTORS’ REPORT YEAR ENDED 31 D
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STATEMENT BY DIRECTORS YEAR ENDED 3
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STATEMENT OF FINANCIAL POSITION AS
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Annual Report 2011 CONSOLIDATED STA
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CONSOLIDATED STATEMENT OF CHANGES I
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CONSOLIDATED STATEMENT OF CHANGES I
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CONSOLIDATED STATEMENT OF CASH FLOW
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NOTES TO THE FINANCIAL STATEMENTS Y
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