Singapore Press Holdings annual report 2011 Singapore Press ...

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Corporate PROFILE Singapore Press Holdings (SPH) is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms. We publish 18 newspaper titles in four languages and more than 100 periodicals. Every day, 3 million individuals, or 77 per cent of people above 15 years old, read one of our publications. The online editions of our main newspapers enjoy over 265 million page views with 18 million unique visitors every month. Our success is built on the long history and rich heritage of our two flagship newspapers – The Straits Times, the English-language daily and Lianhe Zaobao, the Chineselanguage daily. The other two dailies, Berita Harian and Tamil Murasu, remain the staple for the Malay-speaking and Tamil-speaking communities respectively. These four major newspapers, together with The New Paper and The Business Times, also provide online news to SPH’s Internet portal, AsiaOne. SPH has also launched The Straits Times’ iPad and enhanced iPhone applications and The Business Times Weekend’s iPad application. Apart from AsiaOne, SPH’s online and new media initiatives include an online marketplace for products, services and employment, ST701; Stomp (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Web and via mobile phone messaging; omy.sg, a bilingual news and interactive portal and The Straits Times RazorTV, a free access interactive webcast service offering live chat shows and video-on-demand clips. We also operate two popular radio channels, 91.3 FM in English and Radio 100.3 in Mandarin, under an 80 per cent-owned joint venture company, SPH UnionWorks, with NTUC Media. Both channels leverage on the brand name and resources of our print newsrooms, giving them that unique edge. SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, and Channel U, and a 40 per cent stake in MediaCorp Press Ltd, which publishes the free newspaper, Today. SPH’s events subsidiary Sphere Exhibits organises innovative consumer and trade events and exhibitions. SPH MediaBoxOffice Pte Ltd (SPHMBO) is the leading Digital Out-of-Home advertising company in Singapore. Its digital network comprises eight large outdoor LED screens at strategic locations (e.g. Orchard Road, Raffles Place, etc.) and more than 450 plasma and LCD screens in shopping centres, banks, and petrol stations island-wide. It also operates largeformat billboards, banners and other static media platforms. SPHMBO also has a dedicated team of professionals that offers customised event management services to advertisers. On the property front, SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore’s main shopping belt. SPH’s whollyowned subsidiary, Times Development Pte Ltd, has also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road. The Clementi Mall, SPH’s latest retail mall, was opened in 2011. As an industry leader, SPH is an active corporate citizen and supports various community and charity causes, ranging from education, arts and culture, wildlife conservation and sports. It has won many awards and accolades for its extensive corporate social responsibility efforts. More information can be found on www.sph.com.sg
OUR MISSION To Inform, Educate & Entertain SPH BRAND ESSENCE Engaging Minds, Enriching Lives SPH BRAND STATEMENT To be Southeast Asia’s Leading Media Organisation, Engaging Minds and Enriching Lives Across Multiple Languages and Platforms CONTENTS 10 Group at a Glance 23 Corporate Information 52 Employee Commentary 72 Financial Review 11 Group Financial Highlights 24 Senior Management 54 Awards & Accolades 75 Value added Statement 12 Organisation Structure 30 CEO’s Overview of Group Operations 58 Corporate Governance 76 Investor Relations 13 Businesses and Products Under the SPH Group 40 Significant Events 69 Risk Management 78 Investor Reference 14 Chairman’s Statement 44 Corporate Social Responsibility 70 SPH Newspapers Readership Trends 81 Financial Contents 18 Board of Directors 51 Environmental Sustainability 71 Daily Average Newspapers Circulation
Page 1: BUILDING ON OUR STRENGTHS Singapore
Page 7: STRENGTH in depth Our decades of ex
Page 11 and 12: STRENGTH in mobility Transcending l
Page 13 and 14: Group financial HIGHLIGHTS for the
Page 15 and 16: Businesses and products UNDER THE S
Page 17 and 18: 15 I am pleased to report that the
Page 19 and 20: 17 SPH is proud to have been honour
Page 21 and 22: 19 Dr Tan is a Singapore Government
Page 23 and 24: 21 Ms Chong, a licensed valuer, gra
Page 25 and 26: Corporate INFORMATION 23 Executive
Page 27 and 28: 25 Tony Mallek Han Fook Kwang Goh S
Page 29 and 30: 27 Han Fook Kwang Editor, The Strai
Page 31 and 32: 29 Sng Ngoi May Executive Director,
Page 33 and 34: 31 Despite an uncertain economic cl
Page 36 and 37: 34 Singapore Press Holdings annual
Page 38: 36 Singapore Press Holdings annual
Page 41 and 42: 39 Paragon Food & Beverage Fair 201
Page 43 and 44: 41 DECEMBER 2010 Paragon’s Interi
Page 45 and 46: 43 15 MAY 2011 Shape Singapore laun
Page 47 and 48: 45 SPH & SPH Foundation Charity Giv
Page 49 and 50: 47 President’s Challenge - “Tho
Page 51 and 52: Corporate social responsibility - S
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Environmental SUSTAINABILITY 51 SPH
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53 SPH Family Day Yoga class for st
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55 Singapore HR Awards 2011 Preside
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57 Asian Publishing Awards 2011 17.
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59 Board attendance The Board meets
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61 Access to information Principle
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63 Remuneration of Executives The B
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65 A webcast of the half-year and f
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67 Mr Willie Cheng Jue Hiang Curren
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Risk MANAGEMENT 69 SPH has put in p
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Daily average NEWSPAPERS CIRCULATIO
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73 After-Tax Profit (S$’m) Return
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Value added STATEMENT for the finan
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77 Investor Relations Calendar 1st
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79 Recurring Earnings @ and Dividen
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82 Singapore Press Holdings annual
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Directors’ Report for the financi
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Consolidated Income Statement for t
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Consolidated Statement of Changes i
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Notes to the Financial StatementS A
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Operating Companies OF the Group as
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Overseas BUREAUS as at August 15, 2
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Overseas BUREAUS as at August 15, 2
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Singapore Press Holdings Limited 10
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