Annual Report 2003 - Parkway Pantai

More documents

Recommendations

Info

DIRECTORS’ REPORTYear ended 31 December 2003Share Options (Cont’d)Parkway Share Option Scheme 2001 (“Parkway Scheme 2001”) (Cont’d)At the end of the financial year, details of the options granted under the Parkway Scheme 2001 on the unissued ordinaryshares of S$0.25 each of the Company are as follows:Date ofgrant ofoptionsExercisepriceper shareOptionsoutstandingat1 Jan 2003OptionsgrantedOptionsexercisedOptionscancelledOptionsoutstandingat31 Dec 2003Number ofoptionholders at31 Dec 2003Exerciseperiod9/4/20018/5/200119/9/200119/4/2002S$0.865S$0.993S$0.940S$0.8353,195,000400,0001,240,0007,005,000----(15,000)--(4,500)(110,000)--(290,000)3,070,000400,0001,240,0006,710,500592922110/4/2002 to9/4/20069/5/2002 to8/5/200620/9/2002 to19/9/200620/4/2003 to19/4/200711,840,000-(19,500)(400,000)11,420,500Except as disclosed above, there were no unissued shares of the Company or its subsidiaries under options granted by theCompany or its subsidiaries as at the end of the financial year.Details of options granted to directors of the Company under the Parkway Scheme 2001 are as follows:Name of directorOptions grantedfor financialyear ended31 Dec 2003Aggregateoptions grantedsincecommencementof scheme to31 Dec 2003Aggregateoptions exercisedsincecommencementof scheme to31 Dec 2003Aggregateoptions lapsedsincecommencementof scheme to31 Dec 2003Aggregateoptionsoutstandingas at31 Dec 2003Anil ThadaniTony Tan Choon KeatDr Lim Cheok PengAlain Ahkong Chuen FahAng Guan SengChang See HiangHo Kian GuanDr Prathap C ReddySunil ChandiramaniTan Kai SengHo Kian Hock-----------480,000300,0001,000,000300,000300,000200,000200,000200,000400,000500,000100,000----------------------480,000300,0001,000,000300,000300,000200,000200,000200,000400,000500,000100,000Since the commencement of the scheme, no options have been granted to the controlling shareholders of the Company ortheir associates.Except as disclosed above, no participant under the scheme has been granted 5% or more of the total options availableunder the scheme.40Parkway Holdings Limited Annual Report 2003
Share Options (Cont’d)Parkway Share Option Scheme 2001 (“Parkway Scheme 2001”) (Cont’d)Except as disclosed above, during the financial year, no options have been granted to the employees of the Company or itsrelated corporations who receive 5% or more of the total options available to the employees of the Company or its relatedcorporations under the Parkway Scheme 2001.During the financial year, there were no options granted to the employees of the Company or its related corporations underthe Parkway Scheme 2001. 9,660,000 options have been granted to the employees of the Company or its related corporationssince the commencement of the scheme to the end of the financial year under review.Subsequent to the balance sheet date, there have been no share options exercised under the Parkway Scheme 2001.The options granted by the Company do not entitle the holders of the options, by virtue of such holding, to any rights toparticipate in any share issue of any other company.Audit CommitteeThe members of the Audit Committee during the year and at the date of this report are:Alain Ahkong Chuen Fah (Chairman), non-executive directorAng Guan Seng, non-executive directorChang See Hiang, non-executive directorThe Audit Committee performs the functions specified in Section 201B of the Companies Act, the SGX-ST Listing Manual(“Listing Manual”), the SGX-ST Best Practices Guide, and the Code of Corporate Governance.The Audit Committee met five times during the year.The principal responsibility of the Audit Committee is to assist the Board of Directors in the identification and monitoring ofareas of significant business risks including the following:• the effectiveness of the management of principal business risks;• the effectiveness of the management of financial business risks and the reliability of management and financialreporting;• compliance with laws and regulations, particularly those of the Companies Act and the Listing Manual, and its owncode of business conduct;• the appropriateness of quarterly and full year announcements and reports;• the effectiveness of the Group’s system of internal controls;• the effectiveness and efficiency of internal and external audits; and• interested person transactions.Specific functions of the Audit Committee include reviewing the scope of work of the internal and external auditors, reviewingthe level of assistance provided by the Company’s officers to the internal and external auditors, receiving and consideringthe reports of the internal and external auditors, and ensuring that management responds to recommendations made by theinternal and external auditors. The committee also recommends the appointment of the external auditors and reviews thelevel of audit and non-audit fees.In addition, the Audit Committee has, in accordance with Chapter 9 of the Listing Manual, reviewed the requirements forapproval and disclosure of interested person transactions, and with the assistance of the internal auditors, reviewed theinterested person transactions.Parkway Holdings Limited Annual Report 2003 41
Page 1 and 2: PASSION FORPEOPLE &PROGRESSPARKWAY
Page 3 and 4: ABOUT USParkway Holdings Limited is
Page 5 and 6: Apollo Gleneagles Hospital, Kolkata
Page 7 and 8: This is the essence of our ‘Integ
Page 9 and 10: As the dominant player in the Singa
Page 11 and 12: In Healthcare Services, the Group i
Page 13 and 14: Prospects Looking ForwardThe Manage
Page 15 and 16: 2003 FINANCIAL REVIEWGROUP CONSOLID
Page 17 and 18: FINANCIAL REVIEWHospital Statistics
Page 19 and 20: FINANCIAL REVIEWPROFIT AFTER TAX AN
Page 21 and 22: MEDICAL EXCELLENCEAs a leading inte
Page 23 and 24: BUSINESS REVIEWMicro-multi-leaf col
Page 25 and 26: BUSINESS REVIEWParkway Hospitals in
Page 27 and 28: QUALITY SERVICEQuality service is o
Page 29 and 30: BUSINESS REVIEWREGIONAL MEDICAL REF
Page 31 and 32: INVESTMENT IN EXPERTISEOur healthca
Page 33 and 34: Mr Ang Guan SengNon-executive Direc
Page 35 and 36: SENIOR MANAGEMENTDr Lim Cheok PengM
Page 37 and 38: CORPORATE OFFICEPARKWAY HOLDINGS LI
Page 39 and 40: FINANCIALS 2003Directors’ Report
Page 41 and 42: Directors’ Interests (Cont’d)Ho
Page 43: Share Options (Cont’d)Parkway Emp
Page 47 and 48: STATEMENT BY DIRECTORSYear ended 31
Page 49 and 50: BALANCE SHEETSas at 31 December 200
Page 51 and 52: CONSOLIDATED STATEMENT OF CHANGES I
Page 53 and 54: CONSOLIDATED STATEMENT OF CASH FLOW
Page 55 and 56: NOTES TO THE FINANCIAL STATEMENTS31
Page 57 and 58: 2. Summary of Significant Accountin
Page 63 and 64: LeaseholdOfficePremisesS$’000Reno
Page 65 and 66: 5. Interests in Subsidiaries - The
Page 73 and 74: 7. Interests in Partnerships - The
Page 75 and 76: 11. Inventories - The GroupInventor
Page 77 and 78: 17. Other Payables2003S$’000The G
Page 79 and 80: 18. Interest-Bearing Borrowings (Co
Page 81 and 82: 19. Employee Benefits - The Group (
Page 83 and 84: No. of optionsexercisable at1 Jan 2
Page 85 and 86: No. of optionsexercisable at1 Jan 2
Page 87 and 88: 22. Share Capital - The Company (Co
Page 89 and 90: 26. Directors’ Remuneration - The
Page 91 and 92: 29. Earnings Per Share (Cont’d)(a
Page 93 and 94: 31. Significant Related Party Trans
Page 95 and 96:
34. AssociatesName of AssociatePrin
Page 97 and 98:
34. Associates (Cont’d)Name of As
Page 99 and 100:
35. Financial Instruments (Cont’d
Page 101 and 102:
36. Segment Reporting (Cont’d)(a)
Page 103 and 104:
36. Segment Reporting (Cont’d)(b)
Page 105 and 106:
2. Interested Person TransactionsIn
Page 107 and 108:
4. Corporate Governance Statement (
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
ANALYSIS OF SHAREHOLDINGSas at 17 F
Page 121 and 122:
(b)That the Board of Directors of t
Page 123 and 124:
PROXY FORMPARKWAY HOLDINGS LIMITED(
Page 125 and 126:
CORPORATE OFFICEPARKWAY HOLDINGS LI
show all

Annual Report 2003 - Parkway Pantai

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?