Annual Report 2003 - Clear Media

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FINANCIAL SECTION Report of the Directors 47 Report of the Auditors 60 Consolidated Profit and Loss Account 61 Consolidated Balance Sheet 62 Consolidated Summary Statement of Changes in Equity 63 Consolidated Cash Flow Statement 64 Balance Sheet 65 Notes to Financial Statements 66 Notice of Annual General Meeting 90 Glossary 93 Financial Summary 95 Corporate Information 96 Clear Media Limited Annual Report 2003 46
REPORT REPORT OF OF THE DIRECTORS The directors of Clear Media Limited (the “Company”) are pleased to present their report together with the audited financial statements of the Company and its subsidiaries (collectively referred to as the “Group”) for the year ended 31 December 2003. Principal Activities The principal activity of the Company is investment holding. Details of the principal activities of the subsidiaries are set out in note 14 to the financial statements. There were no significant changes in the nature of the Group’s principal activities during the year. Results and Dividends The Group’s profit for the year ended 31 December 2003 and the state of affairs of the Company and the Group at that date are set out in the financial statements on pages 61 to 89. The directors do not recommend the payment of any dividend in respect of the year. Use of Proceeds from the Company’s Initial Public Offering Upon the listing of the Company’s shares on the Stock Exchange on 19 December 2001 and the subsequent issue of shares on 11 January 2002, the proceeds, after the netting of related expenses paid and payable, were approximately HK$648 million and HK$9 million, respectively. As at 1 January 2003, a total amount of HK$402 million was utilised. For the year ended 31 December 2003, a further amount of approximately HK$138 million was used to finance bus shelter expansion. The remaining HK$117 million is deposited in bank accounts with banks in Hong Kong. THE AGE OF CONSUMERS 47
Page 5 and 6: OUR GOAL IS TO BE THE BEST AND THE
Page 7 and 8: CORPORATE PROFILE Clear Media is th
Page 9 and 10: LETTER FROM THE CHAIRMAN Dear Fello
Page 11 and 12: INTERVIEW WITH THE CEO THE AGE OF C
Page 13 and 14: INTERVIEW WITH THE CEO Q: How did C
Page 15 and 16: INTERVIEW WITH THE CEO Q: What is t
Page 17 and 18: MANAGEMENT DISCUSSION AND ANALYSIS
Page 31 and 32: MOBILE Business professionals looki
Page 33 and 34: CORPORATE GOVERNANCE REPORT busines
Page 35 and 36: CORPORATE GOVERNANCE REPORT achieve
Page 37 and 38: CORPORATE GOVERNANCE REPORT Investo
Page 39 and 40: CORPORATE GOVERNANCE REPORT Media A
Page 41 and 42: SERVICE INDUSTRY Whatever you’re
Page 43 and 44: FAQ Q: How do you sustain profitabl
Page 45 and 46: THE POWER OF OUR NETWORK THE AGE OF
Page 47 and 48: BIOGRAPHIES OF DIRECTORS Teo Hong K
Page 49: BIOGRAPHIES OF DIRECTORS Pedro Man
Page 53 and 54: REPORT OF THE DIRECTORS Distributab
Page 55 and 56: REPORT OF THE DIRECTORS Connected T
Page 57 and 58: REPORT OF THE DIRECTORS Directors
Page 59 and 60: REPORT OF THE DIRECTORS Share Optio
Page 61 and 62: REPORT OF THE DIRECTORS Share Optio
Page 63 and 64: REPORT OF THE DIRECTORS Remuneratio
Page 65 and 66: CONSOLIDATED PROFIT AND LOSS ACCOUN
Page 67 and 68: CONSOLIDATED SUMMARY STATEMENT OF C
Page 69 and 70: BALANCE SHEET 31 December 2003 2003
Page 71 and 72: NOTES TO FINANCIAL STATEMENTS 31 De
Page 95 and 96: NOTICE OF ANNUAL GENERAL MEETING (c
Page 97 and 98: GLOSSARY accounts payable accounts
Page 99 and 100: FINANCIAL SUMMARY 2003 2002 2001 20

Annual Report 2003 - Clear Media

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