h i s t o r i c a l f i n a n c i a l s u m m a r y OPERATING RESULTS FOR THE GROUP (1) $ 000 FY1997 FY1998 FY1999 FY2000 FY2001 Turnover 37,536 37,134 41,016 49,706 58,628 Profit/(Loss) before 293 (2,091) 3,970 4,507 (600) taxation Share of Profit/(Loss) - - - - (807) of Joint Venture Taxation (296) (9) (740) (1,227) 28 Profit/(Loss) after (3) (2,100) 3,230 3,280 (1,379) taxation but before minority interests Profit attributable to (85) (1,665) 2,939 3,104 (1,465) the Group FINANCIAL POSITION OF THE GROUP (1) as at 31 December $ 000 1997 1998 1999 2000 2001 Property, plant and 2,079 2,211 1,497 3,620 9,529 equipment Goodwill on consolidation 652 283 - - 177 Investment in 802 100 100 - (312) deconsolidation companies Current assets 3,808 4,130 6,679 9,088 10,150 Total Assets 7,341 6,724 8,276 12,708 19,544 Current liabilities 7,496 10,027 8,748 8,555 11,023 Non-current liabilities 300 78 162 897 2,715 Shareholders equity (720) (3,672) (1,198) 2,968 5,343 Minority Interests 265 291 564 288 463 Total liabilities and equity 7,341 6,724 8,276 12,708 19,544 (Net liabilities)/nta (1.72) (4.94) (1.50) 4.68 5.17 per share ( 2 ) (cents) NOTE 1 The financial summary for the four financial years ended 31 December 1997 to 2000 presented above are extracted from the prospectus of the Company dated 10 March 2001. This was pre p a red on the assumption that the Group Structure arising from the re s t ru c t u r i n g exercise to facilitate the listing of the Company s shares on SGX- SESDAQ has been in place throughout the period above. 2 For comparative purposes, (net liabilities)/nta per Share for 1997 to 2000 have been computed based on the pre invitation share of 80,000,000 Shares on the basis that the proforma group had been in existence during the period under review. For 2000, it is based on the pre-rights and preinvitation shares of 63,469,000 on the basis that the proforma group had been in existence during the period under review. For 2001, it is based on the share capital of 100,000,000 share s. 14
c o r p o r a t e i n f o r m a t i o n BOARD OF DIRECTORS Zhou Yingnan Non-Executive Chairman Tjioe Ka Men Managing Director REGISTERED OFFICE 1 Sophia Road #05-03 Peace Centre Singapore 228149 Tel: 6337 1712 Fax: 6337 4225 Tjioe Ka In Executive Director Ker Sin Tze (Dr) Independent Director Tan Eng Liang (Dr) Independent Director AUDIT COMMITTEE Ker Sin Tze (Dr) Tan Eng Liang (Dr) Tjioe Ka Men COMPANY SECRETARY Michael Tay Kwang How SHARE REGISTRAR AND SHARE TRANSFER OFFICE M & C Services Private Limited 138 Robinson Road #17-00 The Corporate Office Singapore 068906 AUDITORS Deloitte & Touche 95 South Bridge Road #09-00 Pidemco Centre Singapore 058717 Partner in charge: Cheng Ai Phing (Ms) PRINCIPAL BANKERS Oversea-Chinese Banking Corporation Ltd United Overseas Bank Ltd 15
b o a r d o f d i r e c t o r s ZHOU YINGNAN C h a i rm a n ANDREW TJIOE Managing Dire c t o r TJIOE KA IN D R TAN ENG LIANG D R KER SIN TZE 16
m a n a g e m e n t t e a m WILLIAM TA N LIM QWEE TECK Chief Operating Officer Chief Financial Officer TJIOE KA IN SAM CHUNG J O C E LYN TJIOE Vice President, Operations Vice President, Operations Vice President, Administration VINCENT PHANG RENA LEONG DAWN RANJI DAVID Vice President, Banquet and Catering Sales Vice President, Human Resources & Corporate Affairs Manager, Corporate & Marketing Communications SAM LEONG A L B E RT TSE Director of Kitchens Director of Kitchens 17
o u r w i n n i n g r e c i p e s Awards Received by the Tung Lok Group in 2001 Personal Awards received by Andrew Tjioe Wine and Dine Restaurateur of the Year Tourism Entrepreneur of the Year Award in November by STB Awards received by Individual Restaurants Year Restaurant Established Recognition Charming Garden 1980 Voted one of Singapore Tatler s Best Restaurants since 1985 (excluding 1988, 1989 and 1992). s Club Chinois 1997 Voted one of Singapore Tatler s Best Restaurants since 1999. On Wine & Dine s Top Restaurants List since 1998. - gold medal. Grand Pavilion 1988 Voted one of Singapore Tatler s Best Restaurants since 1992. 18
Year Restaurant Established Recognition House of Mao 2001 Voted one of Singapore Tatler s Hunan Hotpot Best Restaurants in 2002. (Orchard Hotel Shopping Arcade & Far East Square) Jade 2000 Resident Chef Sam Leong was Best Asian Ethnic Chef in Inaugural World Gourmet Summit Award of Excellence 2001. (Gold Medal). Top Restaurants List since 2001. Voted one of Singapore Tatler s Best Restaurants in 2002. Received Most Innovative Menu and Best Wine List in the Asian Category by Wine and Dine in 2002. Kippo Pavilion 1994 Voted Most Popular Chinese Restaurant in the RCS Gourmet Hunt 1998. Voted one of Singapore Tatler s Best Restaurants since 1997. 19
Year Restaurant Established Recognition Lao Beijing 1996 Voted one of Singapore Tatler s (Orchard Towers Best Restaurants since 1998. & Novena Square) Top Restaurants List since 1997. Voted Most Popular Theme Restaurant in the Singapore. (Silver Medal). Lingzhi Vegetarian 1991 Voted one of Singapore Tatler s (Liat Towers & Far East Square) Best Restaurants since 1995. (Gold Medal). Noble House 1991 Voted one of Singapore Tatler s Best Restaurants since 1993. Voted Wine & Dine Top Restaurant award since 1996. (Gold Medal). 20
Year Restaurant Established Recognition Paddyfields Thai 2001 Voted one of Singapore Tatler s Restaurant & Bar Best Restaurants in 2002. The Paramount 1990 Voted one of Singapore Tatler s Best Restaurants since 1992. (Silver Medal). Tung Lok 1984 Voted one of Singapore Tatler s Restaurant Best Restaurants since 1985. On Wine and Dine s Singapore Voted as the Most Popular Chinese Restaurant in the MediaCorp Singapore Gourmet Hunt 2001. Tung Lok 2000 Voted one of Singapore Tatler s Seafood Galler y Best Restaurants in 2000. (Silver Medal). 21