Annual Report 2003

	NWS Holdings Limited (00659)

Cover Corporate Profile Vision, Mission, Core Values Reorganization of New World Group Milestones Financial Highlights Chairman's Statement Board of Directors Corporate Governance Strength in Unity Human Capital Corporate Citizenship Management Discussion and Analysis - NWSH Overview Management Discussion and Analysis - Service, Infrastructure & Ports Management Reports and Financial Statements Report of the Directors Auditors' Report Consolidated Profit and Loss Account Consolidated Balance Sheet Balance Sheet Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Accounts Notice of Annual General Meeting Glossary of Terms Five-year Financial Summary Project Key Facts and Figures - Service Management Project Key Facts and Figures - Infrastructure Management Project Key Facts and Figures - Ports Management Corporate Information