Transcription of ANNUAL REPORT 2015 - Steamships
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ANNUAL REPORT 2015 - Steamships
ANNUAL REPORT 2015 . CONTENTS. Brief Profile of Steamships Trading Company Limited .. 2. Financial Highlights.. 4. Chairman's REPORT .. 6. Directors' Review .. 7. Review of Operations - LOGISTICS.. 8. Consort Express Lines.. 8. Pacific Towing .. 9. Transport & Port Services .. 10. Review of Operations - PROPERTY .. 11. Coral Sea Hotels..11. Pacific Palms Property ..12. Review of Operations - COMMERCIAL .. 13. Laga Industries..13. Colgate Palmolive ..13. Sustainability..14. Corporate Governance..14. Financial Section..15. Statements of Comprehensive Income..15. Statement of Changes in Equity .. 16. Balance Sheets..17. Statements of Cash Flows.. 18. Notes to the Financial Statements ..19. Independent Auditor's REPORT ..50. Directors' REPORT ..52. Stock Exchange Information..56. Company Directory .. IBC. Steamships ANNUAL REPORT 2015 1. BRIEF PROFILE OF Steamships GROUP. Steamships Trading Company ( Steamships ) is a committed investor in Papua New Guinea with a near 100 year history.
2 Steamships Annual Report 2015 BRIEF PROFILE OF STEAMSHIPS GROUP Integral to this vision are the following business strategies: • The long-term development of a diversified range of
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