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food empire wins
at the arc awards
in new york
Food Empire’s 2012 Annual Report was
named as the Grand Award winner in
the Best of International - Asia Pacific
category at the 27th International ARC
Awards, garnering a total of 6 awards.
The Group’s 2012 Annual Report also
won in 5 other categories, namely:
The ARC Awards
, established by
US-based MerComm Inc in 1987, is
a globally recognized platform that
honors exceptional standards in
corporate reportage and annual
report design.
OUR SUCCESS AT
THE ARC AWARDS
HIGHLIGHTED OUR
COMMITMENT TO CLARITY
IN COMMUNICATING OUR
BUSINESS DIRECTION TO
OUR STAKEHOLDERS.
Mr Tan Wang Cheow
Executive Chairman
Interior
Design of
the AR
Gold
Executive
Chairman’s
Letter
Non-
Traditional
Format of
the AR
Bronze
Cover Photo/
Design of the
AR
Printing &
Production
of the AR
Silver
Bronze
Bronze
Investment properties increased from
US$11.4 million in FY2012 to US$13.3
million, because of the Group’s
construction of an investment property
at 81 Playfair Road coupled with a write
back of impairment loss of US$0.4 million
for the Group’s investment property at
30 Mandai Estate.
The increase in other receivables from
US$0.9 million as at 31 December 2012
to US$3.1 million as at 31 December 2013
was mainly due to higher custom duties
associated with import of goods and
recovery of prepaid tax.
The increase in inventories of US$15.8
million in FY2013 was due to change in
business processes of our operations in
Russia and also in line with higher revenue.
The Group’s borrowings and debt
securities were US$32.3 million as at
31 December 2013, compared to US$12.9
million as at 31 December 2012. This
increase is largely attributed to the partial
At the 17th Annual FHC China exhibition in
Shanghai
Klassno street sampling in Hong Kong
Cafe Pho press conference in Vietnam
Food Empire Holdings Limited Annual Report 2013
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