Report on Cafe de Coral
CAFÉ DE CORAL HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability) Stock Code : 341
Annual Report 2010
Contents
Directors and Corporate Information Financial Highlights and Calendar Chairman’s Statement
2 3 6 10 18 24 36 51 53 55 56 57 58 60 61
Managing Director’s Operational Review Biography of Directors and Senior Management Corporate Governance and Corporate Social Responsibility Report Report of the Directors Independent Auditor’s Report Consolidated Statement of Financial Position Statement of Financial Position Consolidated Income Statement – By Function of Expense Consolidated Statement of Comprehensive Income Consolidated Statement of Changes In Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements
Principal Properties held for Investment Purposes 143 Five-Year Summary 144
2
Directors and Corporate Information
BOARD OF DIRECTORS
Executive Directors Mr. Chan Yue Kwong, Michael (Chairman) Mr. Lo Hoi Kwong, Sunny (Managing Director) Ms. Lo Pik Ling, Anita Mr. Lo Tak Shing, Peter Non-executive Directors Mr. Lo Tang Seong, Victor Mr. Lo Ming Shing, Ian Mr. Hui Tung Wah, Samuel Mr. Choi Ngai Min, Michael* Mr. Li Kwok Sing, Aubrey* Mr. Kwok Lam Kwong, Larry* Mr. Look Guy*
* Independent Non-executive Directors
AUDITORS
PricewaterhouseCoopers
SOLICITORS
JSM
PRINCIPAL BANKERS
Bank of China (Hong Kong) Limited Bank of Communications Co., Ltd. The Bank of Tokyo-Mitsubishi UFJ, Ltd. BNP Paribas Credit Agricole Corporate and Investment Bank China Construction Bank Corporation Hang Seng Bank Limited The Hongkong and Shanghai Banking Corporation Limited Mizuho Corporate Bank, Ltd. Standard Chartered Bank (Hong Kong) Ltd.
BERMUDA SHARE REGISTRARS
HSBC Bank Bermuda Limited (previously known as “The Bank of Bermuda Limited”)
COMPANY SECRETARIES
Ms. Li Oi Chun, Helen Mr. To Hon Fai, Alfred
REGISTERED OFFICE
Canon’s Court 22 Victoria Street Hamilton HM12, Bermuda
HONG
(Incorporated in Bermuda with limited liability) Stock Code : 341
Annual Report 2010
Contents
Directors and Corporate Information Financial Highlights and Calendar Chairman’s Statement
2 3 6 10 18 24 36 51 53 55 56 57 58 60 61
Managing Director’s Operational Review Biography of Directors and Senior Management Corporate Governance and Corporate Social Responsibility Report Report of the Directors Independent Auditor’s Report Consolidated Statement of Financial Position Statement of Financial Position Consolidated Income Statement – By Function of Expense Consolidated Statement of Comprehensive Income Consolidated Statement of Changes In Equity Consolidated Statement of Cash Flows Notes to the Consolidated Financial Statements
Principal Properties held for Investment Purposes 143 Five-Year Summary 144
2
Directors and Corporate Information
BOARD OF DIRECTORS
Executive Directors Mr. Chan Yue Kwong, Michael (Chairman) Mr. Lo Hoi Kwong, Sunny (Managing Director) Ms. Lo Pik Ling, Anita Mr. Lo Tak Shing, Peter Non-executive Directors Mr. Lo Tang Seong, Victor Mr. Lo Ming Shing, Ian Mr. Hui Tung Wah, Samuel Mr. Choi Ngai Min, Michael* Mr. Li Kwok Sing, Aubrey* Mr. Kwok Lam Kwong, Larry* Mr. Look Guy*
* Independent Non-executive Directors
AUDITORS
PricewaterhouseCoopers
SOLICITORS
JSM
PRINCIPAL BANKERS
Bank of China (Hong Kong) Limited Bank of Communications Co., Ltd. The Bank of Tokyo-Mitsubishi UFJ, Ltd. BNP Paribas Credit Agricole Corporate and Investment Bank China Construction Bank Corporation Hang Seng Bank Limited The Hongkong and Shanghai Banking Corporation Limited Mizuho Corporate Bank, Ltd. Standard Chartered Bank (Hong Kong) Ltd.
BERMUDA SHARE REGISTRARS
HSBC Bank Bermuda Limited (previously known as “The Bank of Bermuda Limited”)
COMPANY SECRETARIES
Ms. Li Oi Chun, Helen Mr. To Hon Fai, Alfred
REGISTERED OFFICE
Canon’s Court 22 Victoria Street Hamilton HM12, Bermuda
HONG