Annual Report 2000 Tai Sang Land Development Limited BOARD OF DIRECTORS AND CORPORATE INFORMATION NOTICE OF ANNUAL GENERAL MEETING CHAIRMAN'S STATEMENT MANAGEMENT DISCUSSION AND ANALYSIS REPORT OF THE DIRECTORS AUDITORS' REPORT CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2000 CONSOLIDATED BALANCE SHEET AT 31ST DECEMBER 2000 BALANCE SHEET AT 31ST DECEMBER 2000 CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2000 CONSOLIDATED STATEMENT OF RECOGNISED GAINS AND LOSSES FOR THE YEAR ENDED 31ST DECEMBER 2000 NOTES TO THE ACCOUNTS (1) NOTES TO THE ACCOUNTS (2) NOTES TO THE ACCOUNTS (3) NOTES TO THE ACCOUNTS (4) SCHEDULE OF THE GROUP'S SIGNIFICANT PROPERTIES AT 31ST DECEMBER 2000 GROUP FINANCIAL SUMMARY