IHRETAIL：ANNUALREPORT2019.pdf

1、?About International Housewares Retail Company Limited(stock code:1373)Established in 1991,the Group is the largest houseware retail chain in Hong Kong,Singapore and Macau(1).It offers houseware,trendy items,personal care,snack and household FMCG through an extensive retail network comprising 365 st

2、ores in Hong Kong,Singapore,Macau,East Malaysia,Cambodia,Australia and Vietnam under renowned brands including JHC(日本城),Japan Home(日本家),123 by ELLA,$mart(多來買)and City Life(生活提案).Leveraging extensive sourcing channels and series of private label products,the Group provides a full range of items at co

3、mpetitive prices,creating a“one-stop”shopping experience for customers.For more details about it,please visit the official websites:.hk and .1 In terms of revenue and number of stores the Group operated in the calendar year 2012 according to the Frost&Sullivan Report.Corporate ProfileInternational H

4、ousewares Retail Company Limited 2019 Annual Report 1ContentsHighlights2Five-Year Financial Summary2Awards and Recognition3Corporate Social Responsibility4The Groups History6Chairmans Statement8Management Discussion and Analysis10Report of the Directors14Corporate Governance Report31Environmental,So

5、cial and Governance Report41Independent Auditors Report45Consolidated Income Statement49Consolidated Statement of Comprehensive Income50Consolidated Balance Sheet51Consolidated Statement of Changes in Equity53Consolidated Statement of Cash Flows55Notes to the Consolidated Financial Statements56Corpo

6、rate Information110International Housewares Retail Company Limited 2019 Annual Report2HighlightsThe board of directors(the“Board”or“Directors”)of International Housewares Retail Company Limited(the“Company”or“we”)is pleased to announce the consolidated annual results of the Company and its subsidiar