notes to the financial statements - Food Empire Holdings Limited

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CORPORATE GOVERNANCE (cont’d) SUPPLEMENTARY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2012 (SGX-ST LISTING MANUAL REQUIREMENTS) (cont’d) (iii) Risk Management Policies and Processes (cont’d) Dependence on Key Personnel The Executive Directors and the country/general managers in the Group’s key markets have contributed significantly to the success of the Group. The loss of the services of any one of these key personnel without adequate replacement will adversely affect the Group’s operations and financial performance. The Group has implemented remuneration packages aimed at retaining existing personnel and rewards for key management personnel who contribute to the success of the Group. Interested Person Transactions Interested person transactions (“IPT”) carried out during the financial year which falls under Chapter 9 of the SGX-ST Listing Manual are as follows: Aggregate value of all IPT during the financial year under review (excluding transactions less than $100,000 and transactions conducted under shareholder’s mandate pursuant to Rule 920) Aggregate value of all IPT conducted under shareholder’s mandate pursuant to Rule 920 (excluding transactions less than $100,000) Name of interested person 2012 2011 2012 2011 US$’000 US$’000 US$’000 US$’000 Simonelo Limited and its subsidiaries - Rental expense paid 2,207 2,043 - - - Sale of property, plant and equipment 1 - - - Triple Ace Ventures Limited and its subsidiaries - Interest income received 182 148 - - - Rental expenses paid 274 - - - - Loans provided - 1,300 - - Companies associated to a substantial shareholder - Consumption of services 11 - - - - Sales of goods 1,362 795 - - 42
Food Empire Holdings Limited Annual Report 2012 DIRECTORS’ REPORT The Directors are pleased to present their report to the members together with the audited consolidated financial statements of Food Empire Holdings Limited (the “Company”) and its subsidiaries (collectively, the “Group”) and the balance sheet and statement of changes in equity of the Company for the financial year ended 31 December 2012. Directors The Directors of the Company in office at the date of the report are: Tan Wang Cheow Sudeep Nair Tan Guek Ming Hartono Gunawan Koh Yew Hiap Lew Syn Pau Ong Kian Min Boon Yoon Chiang Arrangement to enable Directors to acquire shares and debentures Except for the Food Empire Holdings Limited Share Option Scheme (the “2002 Option Scheme” and “2012 Option Scheme”), neither at the end of, nor at any time during the financial year, was the Company a party to any arrangement whose object is to enable the Directors of the Company to acquire benefits by means of the acquisition of shares or debentures of the Company or any other body corporate. Directors’ interests in shares and debentures The following Directors of the Company who held office at the end of the financial year had, according to the register of Directors’ shareholdings required to be kept under Section 164 of the Singapore Companies Act, Cap. 50, an interest in shares and share options of the Company, as stated below: Shareholdings in which Shares held Directors are Shareholdings in which in the name deemed to Shares held in the name Directors are deemed to of the have an of the Directors have an interest Directors interest At at At the At the At the As at As the beginning of end of the beginning of end of the 21 January 21 January Name of Director the year year the year year 2013 2013 The Company Ordinary shares Tan Wang Cheow 52,440,000 52,440,000 67,367,400 67,367,400 52,440,000 67,367,400 Sudeep Nair 30,932,399 34,406,399 4,680,000 4,680,000 34,406,399 4,680,000 Tan Guek Ming 67,367,400 67,367,400 52,440,000 52,440,000 67,367,400 52,440,000 Lew Syn Pau – – 480,000 480,000 – 480,000 Ong Kian Min – – 720,000 720,000 – 720,000 Boon Yoon Chiang 40,000 40,000 – – 40,000 – 43
Page 1: INVEST MONEY ASSET PRODUCTS WORK IT
Page 4 and 5: INTRODUCTION VOYAGE OF DISCOVERIES
Page 6 and 7: CORPORATE PROFILE EVERYTHING YOU NE
Page 8 and 9: EXECUTIVE CHAIRMAN’S MESSAGE FRON
Page 10 and 11: EXECUTIVE CHAIRMAN’S MESSAGE In N
Page 12 and 13: CEO’S STATEMENT PERSPECTIVE “ I
Page 14 and 15: OPERATIONS REVIEW MAGNIFYING STRENG
Page 16 and 17: OPERATIONS REVIEW Chestnut Run in U
Page 18 and 19: MARKETING ACTIVITIES CREATING BUZZ
Page 20 and 21: MARKETING ACTIVITIES RED SQUARE BIK
Page 22 and 23: GLOBAL PRESENCE COAST TO COAST Russ
Page 24 and 25: NEW PRODUCTS MAKE WAY FOR THESE NEW
Page 26 and 27: BOARD OF DIRECTORS THE BUSINESS COL
Page 28 and 29: BOARD OF DIRECTORS DID YOU KNOW ? M
Page 30 and 31: STAFF CONTRIBUTION EXPLORERS’ TAL
Page 33: Food Empire Holdings Limited Annual
Page 36 and 37: CORPORATE GOVERNANCE (cont’d) A)
Page 38 and 39: CORPORATE GOVERNANCE (cont’d) E)
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Page 54 and 55: CONSOLIDATED INCOME STATEMENT For t
Page 56 and 57: BALANCE SHEETS As at 31 December 20
Page 58 and 59: STATEMENTS OF CHANGES IN EQUITY For
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Page 62 and 63: CONSOLIDATED CASH FLOW STATEMENT (c
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NOTES TO THE FINANCIAL STATEMENTS (
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SHAREHOLDERS’ INFORMATION (cont
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NOTICE OF ANNUAL GENERAL MEETING NO
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NOTICE OF ANNUAL GENERAL MEETING (c
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Notes : 1. Please insert the total
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