Judges singled out two new entries in the general category for special praise among the seven companies awarded honourable mentions. In their report, the adjudicators wrote: 'The overall standard of the reports this year remained high. It was gratifying to note that a number of new entries, such as Cosco Pacific and Guangdong Kelon Electrical Holdings, produced reports of a high enough standard to be awarded honourable mentions.' The judges hoped this trend would continue and that more high-calibre entries would be received in the future to 'increase the excitement of the competition'. Five other companies received honourable mentions. Like Cosco and Guangdong Kelon, Hongkong Telecom and Hongkong and Shanghai Hotels were judged in the general category. Hong Kong Export Credit Insurance Corporation, the Hong Kong Federation of Youth Groups and Hongkong Post were judged in the non-profit-making and charitable organisations section. Cosco is one of the world's leading container industry groups with an increasingly integrated range of activities spanning container leasing, container terminals and container-related industries. Guangdong Kelon received special mention for its 'exceptionally good' summary of past results and highlights, its general description of business and promptness of reporting. The company, which manufactures and sells direct cooling and circulation-cooling refrigerators under the Rongsheng brand in mainland China and under the Kelon brand name to overseas markets, produced a report in two volumes, one for the report part and the other for the accounts. 'They did a great job of discussing trends in their market and analysing their past performance, as well as looking at their future capital expenditure plans,' the judges wrote. Hongkong Telecom was praised for its high level of compliance with the provisions of the statement of standard accounting practices and for disclosing additional financial information. The judges also noted its promptness of reporting. Hong Kong and Shanghai Hotels was praised for its 'general description of business', and 'promptness of reporting'. Hongkong Post, Hong Kong Export Credit Insurance Corporation, and Hong Kong Federation of Youth Groups - newcomers in the non-profit and charitable category - were also praised for the standard of their reports. The judging panel said it was gratified to see them perform so well in a year when 'the overall standard remained high'. Hong Kong Export Credit Insurance Corporation received praise for its general presentation. The judges wrote that it was among a group of organisations that 'are to be commended for their overall performance, with very well-presented and innovative reports'. The corporation's efforts in its highlights page (visual), general presentation of financial statements, explanatory notes to financial statements and future intentions were also noted. The judges said Hongkong Post's future intentions section 'succeeded admirably in their comprehensive section of 'meeting changing needs by programme' which combined concise reporting on progress in the different services they provide with their plans for future improvement and implementation'. The company was also commended for its highlights page (visual), reference to employee relations, readability and purpose, description of activities and performance. Hong Kong Federation of Youth Groups general presentation of financial statements and explanatory notes to financial statements were noted.
