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Annual Report 2003 - Clear Media

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OUR GOAL IS TO BE<br />

THE BEST<br />

AND<br />

THE MOST SUCCESSFUL<br />

OUTDOOR ADVERTISING COMPANY<br />

IN CHINA<br />

Contents<br />

Fact Sheet at a Glance 2<br />

Corporate Profile 3<br />

Letter from the Chairman 4<br />

Interview with the CEO 7<br />

Management Discussion and Analysis 12<br />

• Business Review<br />

• Operations Review<br />

• Financial Review<br />

Corporate Governance <strong>Report</strong> 28<br />

FAQ 38<br />

The Power of Our Network 40<br />

Biographies of Directors 42<br />

<strong>Report</strong> of the Directors 47<br />

<strong>Report</strong> of the Auditors 60<br />

Consolidated Profit and Loss Account 61<br />

Consolidated Balance Sheet 62<br />

Consolidated Summary Statement of Changes in Equity 63<br />

Consolidated Cash Flow Statement 64<br />

Balance Sheet 65<br />

Notes to Financial Statements 66<br />

Notice of <strong>Annual</strong> General Meeting 90<br />

Glossary 93<br />

Financial Summary 95<br />

Corporate Information 96

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