Horizon North Logistics Inc. (HNL) 2018年年度报告「TSX」.pdf

1、 Annual Report 2018 Table of Contents Page Information on Annual Meeting ifc Presidents Letter to Shareholders 3 Managements Discussion and Analysis 4 Managements Report to Shareholders 33 Independent Auditors Report to Shareholders 34 Consolidated Financial Statements 38 Notes to the Consolidated F

2、inancial Statements 42 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 3rd day of May 2019 at 9:00 a.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,Over the past four years,Horizon North has changed dramatica

4、lly.A previous reliance on services provided for oil and gas clients has been replaced by a diverse portfolio of offerings across two divisions Industrial Services and Modular Solutions that will,along with the strongest balance sheet among our peers,allow us to grow and weather headwinds in any of

5、the industries we serve.On the Industrial Services side of our business,our reputation is well-established as a leading provider of turn-key camp,hospitality,access and maintenance solutions.Our 2019 strategy in this division is focused on four key areas of Canada:Oil Sands Underpinned by two promin

6、ent relationships with Aboriginal communities north and south of Fort McMurray,we have a nimble,turn-key offering in this region which allows for hospitality and maintenance services to align with the fluctuating labour demands that exist throughout the year.Montney/Duvernay(W5/W6)We continue to be