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CORPORATE GOVERNANCE STATEMENTThe Group performs credit check and approval before granting credit to customers andimposes a credit limit and credit term on each customer. All credit accounts are subjectto monthly review.In addition, the Group is not dependant on any single customer or any single country.The Group has more than 600 customers. Hence, the Group is not exposed to significantcredit risk posed by any single customer.Foreign exchange exposureThe purchases of the Group are mainly denominated in US$ and its sales are mainlydenominated in S$. As a result, the Group is exposed to fluctuations in foreignexchange rates. For FY2007, approximately 80% of its total purchases were made inUS$, whilst approximately 90% and 10% of its total sales were denominated in S$ andUS$ respectively. Hence, the Group may be exposed to any significant fluctuation ofthe US$.The Group monitors the US$ exchange rates closely and will enter into forward contractson case to case basis to reduce its exposure.24 HG METAL MANUFACTURING LIMITED ANNUAL REPORT 2007
FINANCIAL CONTENTS26 Report of the Directors • 31 Statement by Directors • 32 Independent Auditors’ Report • 34 Balance Sheets36 Consolidated Income Statement • 37 Statement of Changes in Equity • 40 Consolidated Cash Flow Statement42 Notes to the Financial Statements • 112 Shareholders’ Information • 117 Notice of Annual General MeetingHG METAL MANUFACTURING LIMITED ANNUAL REPORT 200725
Page 3: Successfulimplementationof secondsa
Page 6 and 7: CHAIRMAN’S STATEMENT (CONT’D)pr
Page 8 and 9: 6HG METAL MANUFACTURING LIMITED ANN
Page 10 and 11: 8 HG METAL MANUFACTURING LIMITED AN
Page 12 and 13: OPERATIONS & FINANCIAL REVIEW (CONT
Page 14 and 15: Executive ChairmanMr Tan Chan Too,
Page 16 and 17: REAPING REWARDS
Page 18 and 19: CORPORATE INFORMATIONBOARD OF DIREC
Page 20 and 21: CORPORATE GOVERNANCE STATEMENTPrinc
Page 22 and 23: CORPORATE GOVERNANCE STATEMENTThe R
Page 24 and 25: CORPORATE GOVERNANCE STATEMENTExecu
Page 28 and 29: REPORT OF THE DIRECTORSThe Director
Page 30 and 31: REPORT OF THE DIRECTORS (Continued)
Page 32 and 33: REPORT OF THE DIRECTORS (Continued)
Page 34 and 35: INDEPENDENT AUDITORS’ REPORTTO TH
Page 36 and 37: BALANCE SHEETSAS AT 30 SEPTEMBER 20
Page 38 and 39: CONSOLIDATED INCOME STATEMENTFOR TH
Page 40 and 41: STATEMENTS OF CHANGES IN EQUITYFOR
Page 42 and 43: CONSOLIDATED CASH FLOW STATEMENTFOR
Page 44 and 45: NOTES TO THE FINANCIAL STATEMENTSFO
Page 50 and 51: FOR THE FINANCIAL YEAR ENDED 30 SEP
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NOTES TO THE FINANCIAL STATEMENTSFO
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FOR THE FINANCIAL YEAR ENDED 30 SEP
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APPENDIX1. INTRODUCTIONThe director
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APPENDIX(ii)an “interested person
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APPENDIX2.4 CATEGORIES OF INTERESTE
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APPENDIXContracts for the same or s
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APPENDIX(b)Substantial Shareholders
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APPENDIXDuring its periodic review
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SHAREHOLDERS STATISTICas at 17 Dece
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SHAREHOLDERS STATISTICas at 17 Dece
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WARRANTHOLDINGS STATISTICas at 17 D
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NOTICE OF ANNUAL GENERAL MEETINGnum
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Explanatory Note for item 7 above:-
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PROXY FORMHG METAL MANUFACTURING LI
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A META FUSION DESIGN
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