notes to the financial statements - Investor Relations

CWT Limited
COVER DESIGN RATIONALE
The art of papercutting encompasses various facets of unique
cultures and traditions around the world covering history, religion,
customs, and creativity. It is also an illustration of an imaginative
and masterful evolution that adapts to the changing environment
while staying true to its origins, embodiment, and expression of
aesthetics and inspiration. With its colours, patterns and shapes
involving meticulous cutting and folding, its intricacies require
careful and skillful work to be able to come up with a fine piece of
art. Such high level of expertise is similarly applied by CWT across
its strong vision, values, and performance. An expertise that has
evolved into responsive innovations by adhering to its foundational
purpose of delivering multi-faceted excellence preserved and
enhanced through the times.
TABLE OF CONTENTS
1 About the CWT Group
2 Group Financial Highlights
4 Key Highlights of the Year
8 Chairman’s Statement
10 Board of Directors
12 Executive Team
16 Group Structure
18 Global Presence
22 Operations Review
28 Corporate Social Responsibility
32 Corporate Data
33 Corporate Governance Report
44 Directors’ Report
47 Statement by Directors
48 Independent Auditors’ Report
49 Statement of Financial Position
50 Consolidated Income Statement
51 Consolidated Statement of
Comprehensive Income
52 Consolidated Statement
of Changes in Equity
56 Consolidated Statement of Cash Flow
58 Notes to the Financial Statements
132 Statistics of Shareholdings
134 Share Price Performance
135 Notice of Annual General Meeting
Proxy Form