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Annual Reports and Related Documents

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by April 13, 2017 General


FOSTERING

PARTNERSHIPS


FOR

GROWTH

2016 ANNUAL REPORT

TABLE OF


CONTENTS

CORPORATE PROFILE

01

LETTER TO SHAREHOLDERS

02

BOARD OF DIRECTORS

05

KEY EXECUTIVES

09

BUSINESS AND FINANCIAL REVIEW

11

CORPORATE STRUCTURE

15

FINANCIAL HIGHLIGHTS

16

CORPORATE INFORMATION

17

CORPORATE GOVERNANCE STATEMENT

18

DIRECTORS’ STATEMENT

41

INDEPENDENT AUDITOR’S REPORT

44

BALANCE SHEETS

49

CONSOLIDATED INCOME STATEMENT

51

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

52

STATEMENTS OF CHANGES IN EQUITY

53

CONSOLIDATED STATEMENT OF CASH FLOWS

56

NOTES TO THE FINANCIAL STATEMENTS

58

STATISTICS OF SHAREHOLDINGS

145

NOTICE OF ANNUAL GENERAL MEETING

147

PROXY FORM


FEDERAL INTERNATIONAL (2000) LTD ANNUAL

REPORT 2016

01

CORPORATE

PROFILE

Established in 1974 and listed on the mainboard of the Singapore Stock Exchange in 2000, Federal International (2000) Limited (“Federal” or the “Group”), is an integrated service provider and procurement specialist in the oil and gas, and energy industries. The Group’s main trading business contributes 97% of total turnover. The Group’s strategy for sustainable growth is through forming strategic partnerships. One such partnership is with PT Gunanusa Utama Fabricators (“PTG”). PTG is an established EPC contractor and its customers include oil majors such as TOTAL, Chevron, ONGC, Pertamina and PTTEP. The Group provides procurement services to PTG for the projects secured by PTG.

In addition, the Group has a design and manufacturing facility located in Scotland, the United Kingdom. The facility is American Petroleum Institute (API) Q1, Spec 6D, ISO 9001:2015 and Pressure Equipment Directive 97/23/EC (PED) certified. Products manufactured also meet the Safety Integrity Level (SIL) Qualification independently certified by Exida. The Group also owns a floating, storage and offloading (“FSO”) vessel through its 30% interest in an associate and a 1,200 HP American built land drilling rig. The FSO is chartered to the China National Offshore Oil Corporation. The Group also operates an industrial water plant in the People’s Republic of China under a 30-year Build, Operate and Transfer agreement with the local Xinjin County government.

OUR VISION

We aim to be a growth-driven company supporting the oil and gas, energy and marine industries globally.

OUR MISSION

To be the preferred business partner and one-stop solutions provider, delivering quality and innovative products and services to our customers.

OUR MOTTO

We are committed to providing quality products and reliable services to our customers at competitive prices.

We adopt new mindsets and innovative ideas.

We focus on continuous process improvements and the alignment of our strategies with our vision and mission so as to deliver value to our customers, shareholders and employees.

02

LETTER TO


SHAREHOLDERS

FEDERAL INTERNATIONAL

(2000) LTD

ANNUAL REPORT 2016

“… OUR STRATEGY, PRUDENT AND FORWARD-LOOKING APPROACH HAS ENABLED OUR GROUP TO REPORT A NET PROFIT OF $7.3 MILLION IN 2016 …

TO REWARD OUR LOYAL SHAREHOLDERS, I AM PLEASED TO ANNOUNCE A SPECIAL DIVIDEND OF

0.5 CENTS PER SHARE IN ADDITION TO MAINTAINING OUR 1.5 CENTS PER SHARE FIRST AND FINAL DIVIDEND …”

Federal International (2000) Ltd. published this content on 13 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 April 2017 01:26:13 UTC.

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