Horizon North Logistics Inc. (HNL) 2017年年度报告「TSX」.pdf

1、 Annual Report 2017 Table of Contents Page Information on Annual Meeting ifc Presidents Letter to Shareholders 3 Managements Discussion and Analysis 4 Managements Report to Shareholders 34 Independent Auditors Report to Shareholders 35 Consolidated Financial Statements 36 Notes to the Consolidated F

2、inancial Statements 40 Corporate Information obc Information on the Annual General Meeting The Annual General Meeting of holders of common shares of Horizon North Logistics Inc.will be held on the 9th day of May 2018 at 3:00 p.m.(local time)in the McMurray Room of the Calgary Petroleum Club,319 5th

3、Avenue SW,Calgary,Alberta.Shareholders are encouraged to attend and those unable to do so are requested to complete and submit the Instrument of Proxy at their earliest convenience.Presidents Letter to Shareholders Page|3 Dear Shareholders,I appreciate the opportunity to write this letter to you as

4、President and CEO of Horizon North.I stepped into this position at the beginning of 2015 and immediately undertook a necessary three-year journey of transformational change.The company has grown from one with an existential reliance on the oil and gas industry to one with a diversified portfolio of

5、offerings that is capable of weathering headwinds that may arise in any of our business sectors.While the financial performance for 2017 was not to my satisfaction I believe the numerous alterations and adjustments we made over the past 36 months will culminate in 2018 being our Year of Execution,an

6、 opportunity for our stakeholders to be rewarded.As a stakeholder you have many choices of entities to follow.I am often asked:“Why Horizon North?What sets your company apart from the others?”It is our diverse profile of strong business verticals that stand out in the industry and form the foundatio