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