notes to the financial statements - Investor Relations

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CWT Limited KEY HIGHLIGHTS OF THE YEAR “The CWT Group notched several awards in 2011. They included: Forbes Asia’s Best Under A Billion, Frost & Sullivan’s 2011 Domestic Logistics Service Provider, MINDEF’s Minister for Defence Award...” Commodity supply chain manager CWT added commodity marketing and supply chain management capabilities with the acquisition of MRI Trading AG in July 2011. MRI markets nonferrous base metal concentrates and coal products and manages the supply chain of such products from source to destinations. Commodity logistics service provider CWT also expanded its commodity logistics operations network to South Africa and Latin America. In February 2011, CWT executed the maiden delivery of London Metal Exchange (LME) steel billet into US storage facilities, thereby gaining first mover advantage and access to the booming LME steel billet contract market in US and worldwide. Global ocean freight LCL consolidator CWT’s freight logistics arm CWT Globelink expanded its global network to 102 offices in 26 countries. It added offices in the United Kingdom (UK), Turkey and Bulgaria as part of its expansion strategy to increase its service coverage in Europe. CWT Globelink also set up offices in Costa Rica and Guatemala to tap into the Latin America market. In 2011, it entered into various new commercial relationships which further strengthened its market position. Packaging and distribution hub manager CWT handled a significantly higher volume of polyolefin resin for Borouge in 2011, in line with Borouge’s expanded plant production in Ruwais, Abu Dhabi. CWT continues to focus on delivering a hub platform that brings products to Borouge’s customers in Asia in a timely manner, greatly improving their customers’ satisfaction and market share growth in the Asia region.
Largest warehouse operator in Singapore CWT added 1.16 million square feet of warehouse space under its management in 2011. CWT Logistics Hub 3 and Pandan Logistics Hub have been completed and are currently operating at full occupancy. CWT will also be building its second cold hub to address the growing demand for cold chain logistics services. The 725,000-square foot CWT Cold Hub 2 is expected to be completed in 2013. CWT currently owns and/or manages approximately 7.85 million square feet of warehouse space in Singapore, making it the largest local warehouse operator. Awards winner The CWT Group notched several awards in 2011. They included: • Forbes Asia’s Best Under A Billion • Frost & Sullivan’s 2011 Domestic Logistics Service Provider • MINDEF’s Minister for Defence Award • MINDEF’s Meritorious Defence Partner Award • BCA Green Mark Plus Award for CWT Logistics Hub 3 • SCIC Responsible Care awards for Distribution Code and Community Awareness & Emergency Response 1. CWT Logistics Hub 3 2. MINDEF’s Minister for Defence Award CWT Group CEO Loi Pok Yen receiving the Forbes Asia’s ‘Best Under A Billion’ award 1. 2. Annual Report 2011 05
Page 1 and 2: CWT Limited Annual Report 2011 Annu
Page 3 and 4: ABOUT THE CWT GROUP VISION To Be A
Page 5: GROUP FIVE-YEAR FINANCIAL SUMMARY F
Page 10 and 11: CWT Limited CHAIRMAN’S STATEMENT
Page 12 and 13: CWT Limited BOARD OF DIRECTORS Loi
Page 14 and 15: CWT Limited EXECUTIVE TEAM Loi Pok
Page 17 and 18: ELEVATION Rising through resilience
Page 19 and 20: COMMODITY SUPPLY CHAIN MANAGEMENT C
Page 21: MIDDLE EAST Kuwait Kuwait UK Estoni
Page 24 and 25: CWT Limited OPERATIONS REVIEW “Am
Page 26 and 27: CWT Limited OPERATIONS REVIEW 1. Br
Page 29 and 30: CHARACTER Our identity and performa
Page 31 and 32: EHS activities and related awards E
Page 33 and 34: Investor Relations We regularly eng
Page 35 and 36: CORPORATE GOVERNANCE Annual Report
Page 47 and 48: DIRECTORS’ REPORT YEAR ENDED 31 D
Page 49 and 50: STATEMENT BY DIRECTORS YEAR ENDED 3
Page 51 and 52: STATEMENT OF FINANCIAL POSITION AS
Page 53 and 54: Annual Report 2011 CONSOLIDATED STA
Page 55 and 56: 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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STATISTICS OF SHAREHOLDINGS SHAREHO
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NOTICE OF ANNUAL GENERAL MEETING An
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NOTICE OF ANNUAL GENERAL MEETING An
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CWT LIMITED (Company Registration N
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CORPORATE DIRECTORY Loi Pok Yen Gro
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