Contents - Tung Lok Restaurants 2000 Ltd

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Directors' Report13 CHARGES ON ASSETS AND EXISTENCE OFCONTINGENT LIABILITIES AFTER YEAR END DATEAt the date of this report:a) there does not exist any charge on the assets of the company or any corporation in the group which hasarisen since the end of the financial year which secures the liability of any other person except for thosedisclosed in the notes to the financial statements; andb) there does not exist any contingent liability of the company or any corporation in the group which has arisensince the end of the financial year.14 ABILITY TO MEET OBLIGATIONSNo contingent or other liability of the company or any corporation in the group has become enforceable or is likelyto become enforceable within the period of twelve months after the end of the financial year which, in the opinion ofthe directors of the company, will or may substantially affect the ability of the company and of the group to meet itsobligations as and when they fall due.The company and the group are dependent on one of its major shareholders for continuous financial support. Thedirectors are satisfied that this major shareholder will make available to the company and the group the necessaryfinancial resources to enable the company and the group to meet their obligations as and when they fall due.15 OTHER CIRCUMSTANCES AFFECTING FINANCIAL STATEMENTSAt the date of this report, the directors of the company are not aware of any circumstances not otherwise dealt within the report or consolidated financial statements which would render any amount stated in the financial statementsof the company and the consolidated financial statements misleading.16 UNUSUAL ITEMSIn the opinion of the directors of the company, the results of the operations of the company and of the group havenot been substantially affected by any item, transaction or event of a material and unusual nature during thefinancial year.17 UNUSUAL ITEMS AFTER YEAR END DATEIn the opinion of the directors of the company, no item, transaction or event of a material and unusual nature hasarisen in the interval between the end of the financial year and the date of the report which would affect substantiallythe results of the operations of the company and of the group for the financial year in which this report is made.18 DIRECTORS’ RECEIPT AND ENTITLEMENT TO CONTRACTUAL BENEFITSSince the beginning of the financial year, no director has received or become entitled to receive a benefit which isrequired to be disclosed under Section 201(8) of the Singapore Companies Act, by reason of a contract made bythe company or a related corporation with the director or with a firm of which he is a member, or with a company in 36
which he has a substantial financial interest except as disclosed in the financial statements. Certain directors havereceived remuneration from related corporations in their capacity as directors and/or executives of those relatedcorporations.19 OPTION TO TAKE UP UNISSUED SHARESDuring the financial year, no option to take up unissued shares of the company or any corporation in the group wasgranted.20 OPTION EXERCISEDDuring the financial year, there were no shares of the company or any corporation in the group issued by virtue ofthe exercise of an option to take up unissued shares.21 UNISSUED SHARES UNDER OPTIONAt the end of the financial year, there were no unissued shares of the company or any corporation in the groupunder option.22 AUDITORSThe auditors, Deloitte & Touche, have expressed their willingness to accept re-appointment.ON BEHALF OF THE DIRECTORSZhou YingnanTjioe Ka MenSingaporeMarch 14, 2003 37
Page 1 and 2: ContentsAnnual Report 20022Chairman
Page 3 and 4: • In May, we opened Imperium, a 5
Page 5 and 6: FAMILY RESTAURANTSAmong our family
Page 7 and 8: Corporate InformationBOARD DIRECTOR
Page 9 and 10: Management TeamANDREW TJIOEManaging
Page 11 and 12: Development from 1975 to 1978 and S
Page 13 and 14: and Corporate Affairs, a position s
Page 15 and 16: The EXCO evaluates and recommends t
Page 17 and 18: 3) reviews the co-operation given b
Page 19 and 20: Directors’ RemunerationRemunerati
Page 21 and 22: Our AwardsWinner at the Wine & Dine
Page 23 and 24: Restaurant : The Paramount- Great C
Page 25 and 26: Restaurant : Lao Beijing Dining Hal
Page 27 and 28: Restaurant : House of Mao Hunan Hot
Page 29 and 30: Our New RestaurantsRestaurant : IMP
Page 31 and 32: Financial Reports32 Directors' Repo
Page 33 and 34: Group’s equityShare of net Before
Page 35: Shareholding in whichShareholding r
Page 39 and 40: Balance SheetsDecember 31, 2002ASSE
Page 41 and 42: Statements of Changes in EquityFina
Page 43 and 44: During the financial year, the grou
Page 45 and 46: loss statement from the effective d
Page 47 and 48: p) FOREIGN CURRENCY TRANSACTIONS -
Page 49 and 50: At December 31, 2002, the group’s
Page 51 and 52: 7 INVENTORIESGroupCompany2002 2001
Page 53 and 54: 10 GOODWILLGroup2002 2001$ $Costs:A
Page 55 and 56: 14 OBLIGATIONS UNDER FINANCE LEASES
Page 57 and 58: 19 REVENUEGroupCompany2002 2001 200
Page 59 and 60: The number of directors of the comp
Page 61 and 62: 29 CAPITAL EXPENDITURE COMMITMENTSG
Page 63 and 64: Statistics of ShareholdingsAS AT 11
Page 65 and 66: Notice of Annual General MeetingNOT
Page 67 and 68: TUNG LOK RESTAURANTS (2000) LTD(Inc

Contents - Tung Lok Restaurants 2000 Ltd

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