ANNUAL%20REPORT%202015%20eng

Directors’ Report
Prospects
A description of the likely future development in the Company’s business is provided in the subsection headed
“OUTLOOK AND BUSINESS STRATEGIES IN 2016” under the Management Discussion and Analysis section on
pages 33 to 34 of this annual report.
Subsequent Events
A description of particulars of important events affecting the Company that have occurred since the end of the
financial period can be found in the paragraph headed “Other and Subsequent Events” under the Management
Discussion and Analysis section on pages 46 and 47 of this annual report.
Save as disclosed above, there have been no events subsequent to 31 December 2015 which require adjustment
to or disclosure in the annual report.
MAJOR CUSTOMERS AND SUPPLIERS
The information in respect of the Group’s sales and purchases attributable to the major customers and suppliers
respectively during the financial year is set out in Table 22.
Table 22. Sales and purchases attributable to the major customers and suppliers
Percentage of
the Group’s total
Revenue
from sales
of goods and
rendering of
services Purchases
The largest customer 26.3%
Five largest customers in aggregate 73.7%
The largest supplier 57.9%
Five largest suppliers in aggregate 81.9%
Dr. Oyungerel Janchiv, Director of the Company, holds interests in NIC LLC which is one of the five largest
suppliers disclosed above. Each of MCS Mining Group Limited, the controlling shareholder of the Company and
Mr. Odjargal Jambaljamts and Mr. Od Jambaljamts, Directors of the Company, has interests in MCS International
LLC and Uniservice Solution LLC which are two of the five largest suppliers disclosed above.
Save as disclosed above, to the best knowledge of the Directors, none of the Directors nor any of their close
associates nor any shareholder who holds more than 5% of the Shares has any interests in the customers or
suppliers disclosed above.
Annual Report 2015
91