Annual Report 2012 - HKExnews

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Management Discussion and Analysis (Continued) Financial Review (Continued) Significant investments held Except for investment in subsidiaries, during the year ended 31 December 2012, the Group did not hold any significant investment in equity interest in any company. Future plans for material investments and capital assets Save as disclosed in the Company’s Prospectus, the Group did not have other plans for material investments and capital assets. Material acquisitions and disposals of subsidiaries and affiliated companies During the year ended 31 December 2012, the Group did not have any material acquisitions and disposals of subsidiaries and affiliated companies. Charges of assets As at 31 December 2012, the Group did not have any charges on its assets (2011: Nil). Contingent liabilities The Group had no material contingent liabilities as at 31 December 2012 (2011: Nil). 16 FOCUS MEDIA NETWORK LIMITED Annual Report 2012
Comparison Between Future Plans and Prospects and Actual Business Progress An analysis comparing the business objectives as set out in the Prospectus and the strategies for delivering them and the actual business progress up to 31 December 2012 is set out below: Business objectives for the period from 1 January 2012 to 31 December 2012 Actual business progress up to 31 December 2012 Increase our market share • Expand advertiser base, increase advertisers’ advertising spending, increase number of repeat advertisers • Our Group maintained and increased the number of repeat advertisers over the previous year. The total adspend of these repeat customers increased by approximately 8% over the previous year and contributed to approximately 52% (2011: 46%) of our Group’s total turnover. • Continue to expand network coverage • Our Group had expanded the network coverage by approximately 10% over the previous year. Our Group attained its 1,000th building in our Office & Commercial Building network. • Acquisition of targets with good potentials or are otherwise beneficial to our business • Our Group made a voluntary announcement in April 2012 of a non-legally binding MOU in respect of a potentially very substantial acquisition of a major OOH media company, conditional upon the Company assembling the required funds for the proposed acquisition. Our Group had since adopted a more prudent approach in the interest of our shareholders to wait for signs of the economy improving before we continue our Group’s pursuit for synergistic acquisitions. Increase the efficiency of our sales and delivery • Expand sales force to cover a wide spectrum of the industry • Our Group had maintained a sales force of 25 headcounts, and continued to hire and retain only the best talents. FOCUS MEDIA NETWORK LIMITED Annual Report 2012 17
Page 2 and 3: Characteristics of the Growth Enter
Page 4 and 5: Corporate Information Board of Dire
Page 6 and 7: Chairman’s Statement (Continued)
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Page 12 and 13: Management Discussion and Analysis
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Annual Report 2012 - HKExnews

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