2001 Annual Report Pico Far East Holdings Limited Group Profile Corporate Information Principal Offices Notice of Annual General Meeting Chairman's Statement Results in Brief Financial Summary Review of Operations Main Operating Companies Profile of Directors and Senior Management Directors' Report Auditors' Report Consolidated Income Statement Consolidated Balance Sheet Balance Sheet Consolidated Statement of Recognised Gains and Losses Consolidated Cash Flow Statement Notes to the Financial Statements Core Business and Global Network(1) Core Business and Global Network(2)