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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Air China Ld | LSE:AIRC | London | Ordinary Share | CNE1000001S0 | H SHS CNY1 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 78.8045 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Air Transport, Scheduled | 140.73B | -1.05B | -0.2112 | -3.73 | 3.91B |
From Apr 2019 to Apr 2024
TIDMAIRC
RNS Number : 7148N
Air China Ld
28 October 2016
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 00753)
THIRD QUARTERLY REPORT 2016
This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The board of directors (the "Board") of Air China Limited (the "Company") held a meeting of the Board on 27 October 2016 and passed the resolution approving the third quarterly report 2016 of the Company for the third quarter ended 30 September 2016 (the "Reporting Period") prepared in accordance with the PRC accounting standards.
1. IMPORTANT NOTICE
1.1 The Board, the supervisory committee, as well as the directors, supervisors and senior management of the Company hereby confirm that there are no misrepresentations or misleading statements contained in or material omissions from this quarterly report, and jointly and severally accept full responsibility for the truthfulness, accuracy and completeness of the contents of this quarterly report.
Hot Features
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1.2 Particulars of absent directors
Name of absent Position of Reason(s)
director absent director for absence Name of proxy
Song Zhiyong Director Business engagement Cai Jianjiang
Li Dajin Independent Business engagement Pan Xiaojiang
Director
1.3 Mr. Cai Jianjiang (legal representative of the Company), Mr. Xiao Feng (person in charge of accounting function), and Mr. Zhan Zhong (person in charge of accounting department (accounting superintendent)) hereby confirm that the financial statements set out in this quarterly report are true, accurate and complete.
1.4 This third quarterly report of the Company is unaudited. 2. MAJOR FINANCIAL DATA OF THE COMPANY AND CHANGES IN SHAREHOLDERS 2.1 Major financial data
Unit: RMB'000
Increase/decrease
at the end
of the Reporting
Period as
compared
At the end At the end to the end
of the of the of the
Reporting previous previous
Period year year
(%)
Total assets 229,162,286 213,703,535 7.23
Net asset attributable
to shareholders of
the listed company 67,103,960 59,820,396 12.18
For the period
from the
beginning
of
the year For the
to corresponding Increase/decrease
the end of period of as compared
the the to
Reporting previous the corresponding
Period year period of
(January (January the
to to previous
September) September) year
(%)
Net cash flows from
operating activities 24,008,238 27,865,106 -13.84
For the
period
from the
beginning
of the year For the
to corresponding
the end period of Increase/decrease
of the the as compared
Reporting previous to
Period year the corresponding
(January (January period of
to to the
September) September) previous year
(%)
Revenue 85,447,650 82,381,027 3.72
Net profit attributable
to shareholders of
the listed company 7,226,708 6,280,498 15.07
Net profit attributable
to shareholders of
the listed company
after deducting
non-recurring profits
and losses 6,691,893 5,855,992 14.27
Weighted average
return on net assets Increased
(%) 11.39 10.82 by 0.57 ppts
Basic earnings per
share (RMB per share) 0.59 0.51 15.07
Diluted earnings
per share (RMB per
share) N/A N/A N/A
Non-recurring profits and losses
R Applicable GBP Not applicable
Unit: RMB'000
For the
period from
the beginning
of the year
to the end
Amounts for of
the the Reporting
period (July Period
to (January
Items September) to September)
Gains or losses on disposal
of non-current assets 12,713 6,829
Government subsidies recorded
in the income statement for
the current period (exclusive
of government subsidies which
are closely related to the
normal operating business of
the Company and entitled pursuant
to unified standard quota or
amount under the government
policy) 270,871 801,813
Gains or losses from changes
in fair value of financial
assets/liabilities held for
trading and investment gains
from disposal of financial
assets/liabilities held for
trading and available-for-sale
financial assets (except for
hedging activities related
to the Company's normal operating
business) 62 0
Reversal of provision for impairment
of receivables which are individually
tested for impairment 0 2,532
Other non-operating income
and expenses not covered above 25,357 36,078
Effect of income tax * 77,029 * 212,987
Effect of minority shareholders' * 99,450
interests (after taxation) * 89,347
Total 142,627 534,815
2.2 Total number of shareholders, the top 10 shareholders and the top 10 shareholders not subject to selling restrictions as at the end of the Reporting Period
Unit: share
Total number of shareholders 204,815
Particulars of the top 10 shareholders
Shares pledged
or frozen
Shares held
Shares held subject to
Name of shareholder at the end Shareholding selling Nature of
(full name) of the period percentage restrictions Status Number shareholder
(%)
China National
Aviation Holding
Company 5,438,757,879 41.57 0 Frozen 127,445,536 State
Cathay Pacific Foreign legal
Airways Limited 2,633,725,455 20.13 0 Nil person
HKSCC NOMINEES Foreign legal
LIMITED 1,682,734,520 12.86 0 Unknown person
China National
Aviation Corporation Foreign legal
(Group) Limited 1,556,334,920 11.89 0 Frozen 36,454,464 person
China Securities
Finance Corporation State-owned
Limited 235,623,800 1.80 0 Unknown legal person
China National
Aviation Fuel State-owned
Group Corporation 86,300,000 0.66 0 Unknown legal person
Sinotrans Air
Transportation
Development State-owned
Co., Ltd. 75,800,000 0.58 0 Unknown legal person
China Merchants
Securities
Co., Ltd. 50,492,270 0.39 0 Unknown Unknown
China Construction
Bank Corporation
- Huashang
Shuangzhai
Fengli Debt
Securities
Investment
Fund
( ) 40,755,270 0.31 0 Unknown Unknown
National Social
Security Fund
118 38,205,778 0.29 0 Unknown Unknown
Particulars of the top 10 shareholders not subject
to selling restrictions
Class and number of
shares
Number of
tradable shares
held not subject
to selling
Name of shareholder restrictions Class Number
China National Aviation RMB ordinary
Holding Company 5,438,757,879 shares 5,438,757,879
Cathay Pacific Airways Overseas listed
Limited 2,633,725,455 foreign shares 2,633,725,455
Overseas listed
HKSCC NOMINEES LIMITED 1,682,734,520 foreign shares 1,682,734,520
China National Aviation
Corporation (Group) RMB ordinary
Limited 1,556,334,920 shares 1,332,482,920
Overseas listed
foreign shares 223,852,000
China Securities
Finance Corporation RMB ordinary
Limited 235,623,800 shares 235,623,800
China National Aviation RMB ordinary
Fuel Group Corporation 86,300,000 shares 86,300,000
Sinotrans Air Transportation
Development Co., RMB ordinary
Ltd. 75,800,000 shares 75,800,000
China Merchants Securities RMB ordinary
Co., Ltd. 50,492,270 shares 50,492,270
China Construction
Bank Corporation
- Huashang Shuangzhai
Fengli Debt Securities
Investment Fund ( RMB ordinary
) 40,755,270 shares 40,755,270
National Social Security RMB ordinary
Fund 118 38,205,778 shares 38,205,778
Explanation on connected China National Aviation Corporation
relationship or action (Group) Limited is a wholly
in concert among owned subsidiary of China National
the above shareholders Aviation Holding Company. Accordingly,
China National Aviation Holding
Company is directly and indirectly
interested in 53.46% of the
shares of the Company.
Explanation of holders Nil
of preference shares
with restored voting
rights and number
of shares held
1. HKSCC NOMINEES LIMITED is a subsidiary of The Stock Exchange of Hong Kong Limited and its principal business is acting as nominee for and on behalf of other corporate shareholders or individual shareholders. The 1,682,734,520 H shares held by it in the Company do not include the 166,852,000 shares held by it as nominee of China National Aviation Corporation (Group) Limited.
2. According to the "Implementation Measures on Partial Transfer of State-owned Shares to the National Social Security Fund in the Domestic Securities Market" (Cai Qi [2009] No. 94) ( ( [2009]94 )) and the Notice (2009 No. 63) jointly issued by the Ministry of Finance, the State-owned Assets Supervision and Administration Commission of the State Council, China Securities Regulatory Commission and the National Council for Social Security Fund, 127,445,536 shares and 36,454,464 shares held by China National Aviation Holding Company, the controlling shareholder of the Company, and China National Aviation Corporation (Group) Limited respectively are frozen at present.
2.3 Total number of holders of preference shares, the top 10 holders of preference shares and the top 10 holders of preference shares not subject to selling restrictions as at the end of the reporting period
GBP Applicable R Not applicable 3. SIGNIFICANT EVENTS
3.1 Particulars of, and reasons for, significant changes in major items in the accounting statements and key financial indicators of the Company
R Applicable GBP Not applicable
Unit: RMB'000
Balance
at Balance
Items in the end at the
consolidated of the beginning Amount
balance Reporting of the of
sheet Period year Change Percentage Reasons for Change
Disposal of the
aircraft held
for sale was
Assets completed during
held for the Reporting
sale - 582,074 -582,074 -100.00% Period.
Mainly due to
the loans provided
by a subsidiary
of the Group
to an associated
Long-term company of the
receivables 898,001 598,312 299,689 50.09% Group.
Mainly due to
the increase
in prepayment
for aircraft
and engines during
Construction the Reporting
in progress 30,367,589 20,747,815 9,619,774 46.37% Period.
Mainly due to
the new short-term
loans raised
by the Group
Short-term based on the
loans 15,420,890 3,055,641 12,365,249 404.67% funding needs.
Mainly due to
the issuance
of short-term
bonds by the
Group during
Short-term the Reporting
bonds payable 8,148,482 2,598,843 5,549,639 213.54% Period.
Mainly due to
the provision
of bond interest
payable during
Interest the Reporting
payable 950,548 679,394 271,154 39.91% Period.
Mainly because
the amount of
new loans raised
was less than
the loans repaid
by the Group
Long-term during the Reporting
loans 17,351,765 30,794,484 -13,442,719 -43.65% Period.
For the
For the period corresponding
from the period
beginning of of the
the previous
Items year to the end year
in consolidated of the Reporting (January Amount
income Period (January to of Reasons for
statement to September) September) Change Percentage Change
Mainly due to
the decrease
in net profit
of the associated
companies of
the Group as
compared to
the corresponding
Investment period of the
income 518,792 1,164,353 -645,561 -55.44% previous year.
For the
For the period corresponding
from the beginning period
of the year to of the
Items in the previous
consolidated end of the Reporting year
statement Period (January (January Amount
of to to of
cash flows September) September) Change Percentage Reasons for Change
Mainly due to the
decrease of loans
and advances recovered
Other cash by a subsidiary of
received the Group as compared
relating to the corresponding
to operating period of the previous
activities 3,103,870 5,355,733 -2,251,863 -42.05% year.
Mainly due to the
increase in corporate
income taxes paid
by the Group during
the Reporting Period
Tax and as compared to the
levies corresponding period
paid 4,345,511 3,251,520 1,093,991 33.65% of the previous year.
Net cash
proceeds
from disposal Mainly due to the
of fixed increase in aircraft
assets, disposals completed
intangible by the Group during
assets the Reporting Period
and other as compared to the
long-term corresponding period
assets 530,778 200,619 330,159 164.57% of the previous year.
Cash paid
for purchase
of fixed
assets,
intangible Mainly due to the
assets increase in prepayments
and other of aircraft and engines
long-term of the Group during
assets 21,208,750 7,312,864 13,895,886 190.02% the Reporting Period.
Mainly due to the
decrease in the change
of bank deposits pledged
by the Group during
Other cash the Reporting Period
paid relating as compared to the
to investment corresponding period
activities 7,717 500,241 -492,524 -98.46% of the previous year.
Mainly due to the
increase in debentures
issued by the Group
during the Reporting
Period as compared
Cash received to the corresponding
from issue period of the previous
of debentures 15,853,964 600,000 15,253,964 2,542.33% year.
Mainly due to the
increase in the repayments
of debentures by the
Group during the Reporting
Period as compared
Cash paid to the corresponding
for repayment period of the previous
of debentures 6,304,325 3,000,000 3,304,325 110.14% year.
3.2 Analysis and explanation on the progress of significant events and their impact and resolutions
R Applicable GBP Not applicable
The non-public issue of A shares by the Company was approved by the Public Offering Review Committee of China Securities Regulatory Commission (the "CSRC") during its work meeting held on 20 July 2016. For details, please refer to the Company's announcement dated 22 July 2016 which was published on the website of Shanghai Stock Exchange
(http://www.sse.com.cn) and the China Securities Journal, Shanghai Securities News and Securities Daily. As of the date of this report, the Company did not receive any reply regarding the aforesaid non-public issue of A shares from the CSRC.
3.3 Performance of undertakings given by the Company and the shareholders holding more than 5% of the shares of the Company
R Applicable GBP Not applicable
Are
The they
party Date timely
Background making and Is there and
of Type the Contents of duration performance strictly
undertakings of undertakings undertakings undertakings of undertakings duration? performed?
Other Shares CNAHC On 3 August 2015, The Yes Yes
undertakings sale China National undertakings
restriction Aviation were
Holding Company made
("CNAHC") increased on 3
its shareholding August
in the Company by 2015
8,691,786 A shares and
via the trading shall
system of the be fulfilled
Shanghai on or
Stock Exchange, before
representing 2 August
0.0664% 2016.
of the total issued
share capital of
the Company (the
"First Share
Acquisition").
CNAHC intends to
continue to
increase
its shareholdings
in the Company,
either in its own
name or through
parties acting in
concert with it,
via the secondary
market within 12
months from 3
August
2015 up to an
aggregate
amount not
exceeding
2% of the total
issued share
capital
of the Company
(including
the increased
shareholdings
in the First Share
Acquisition). CNAHC
undertakes that
it will not sell
any shares it holds
in the Company
during
the period of the
implementation of
the acquisition
plan and within
the statutory
period.
Undertakings Other CNAHC, CNAHC and the The Yes Yes
relating China related period
to refinancing National parties including commences
Aviation China National from
Corporation Aviation 28 April
(Group) Corporation (Group) 2016
Limited Limited will not and
sell any shares ends
it holds in the on the
Company during the expiry
period from the of six
date on which the months
letter of after
undertakings the
was issued (i.e. completion
28 April 2016) to of the
the expiry of six aforesaid
months after the non-public
completion of the issue
aforesaid of A
non-public shares.
issue of A shares.
3.4 Warning in respect of forecast of possible net loss from the beginning of the year to the end of the next reporting period or warning in respect of any significant changes in net profit as compared with that of the corresponding period of previous year and the underlying reasons
GBP Applicable R Not applicable
Company name Air China Limited
Legal representative Mr. Cai Jianjiang
Date 27 October 2016
4. APPIX
4.1 Financial Statements
Consolidated Balance Sheet
30 September 2016
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
Balance
at
the end Balance at
of the beginning
Items the period of the year
CURRENT ASSETS:
Cash and bank balances 9,419,791 7,793,044
Provisions on payables
Contributions made
Financial assets at fair value
through profit or loss 551 995
Derivative financial assets
Bills receivable 766 224
Accounts receivable 3,680,150 3,661,354
Prepayments 1,101,803 1,069,263
Premium receivable
Receivables on reinsurance
Provisions for reinsurance
contracts
Interest receivable
Dividend receivable
Other receivables 1,968,080 1,882,945
Purchase of financial assets
resold
Inventories 1,912,602 1,730,742
Assets held for sale 582,074
Non-current assets due within
a year
Other current assets 2,670,106 2,806,973
Total current assets 20,753,849 19,527,614
NON-CURRENT ASSETS:
Loans and advances
Available-for-sale financial
assets 1,214,564 1,108,631
Held-to-maturity investments 10,000 10,000
Long-term receivables 898,001 598,312
Long-term equity investments 13,705,622 12,451,024
Investment properties 341,665 353,511
Fixed assets 152,160,295 149,267,398
Construction in progress 30,367,589 20,747,815
Construction materials
Disposal of fixed assets
Biological assets for production
Oil and gas assets
Intangible assets 4,232,213 4,169,341
Development expenses
Goodwill 1,102,185 1,102,185
Long-term deferred expenses 635,822 683,325
Deferred tax assets 3,740,481 3,684,379
Other non-current assets
Total non-current assets 208,408,437 194,175,921
Total assets 229,162,286 213,703,535
CURRENT LIABILITIES:
Short-term loans 15,420,890 3,055,641
Borrowings from central bank
Short-term bonds payable 8,148,482 2,598,843
Deposits from clients and placements
from other banks
Contributions received
Financial liabilities at fair
value through profit or loss
Derivative financial liabilities
Bills payable 11,646
Accounts payable 12,193,570 11,747,465
Domestic air traffic liabilities 2,253,210 2,619,395
International air traffic liabilities 3,187,131 3,139,838
Receipts in advance 165,597 148,505
Sale of financial assets repurchased
Fees and commissions payable
Employee compensations payable 2,309,159 1,933,927
Taxes payable 1,407,233 1,304,379
Interest payable 950,548 679,394
Dividend payable
Other payables 8,597,554 10,574,693
Amounts payable on reinsurance
Reserves on insurance contracts
Brokerage payable
Underwriting fees payable
Liabilities held for sale
Non-current liabilities due
within a year 12,199,395 12,399,620
Other current liabilities
Total current liabilities 66,832,769 50,213,346
NON-CURRENT LIABILITIES:
Long-term loans 17,351,765 30,794,484
Debentures payable 22,195,291 18,193,038
Including: Preference shares
Perpetual bonds
Long-term payables 3,557,485 3,122,381
Obligations under finance leases 36,489,562 37,803,279
Defined benefit obligations 281,895 276,968
Specific payables
Estimated liabilities 344,336 347,465
Deferred income 4,189,779 3,489,698
Deferred tax liabilities 3,264,512 2,867,738
Other non-current liabilities
Total non-current liabilities 87,674,625 96,895,051
Total liabilities 154,507,394 147,108,397
OWNER'S EQUITY
Issued capital 13,084,751 13,084,751
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserve 16,509,531 16,509,531
Less: Treasury shares
Other comprehensive income -4,250,137 -5,707,061
Specific reserves
Surplus reserves 7,177,186 6,633,105
General risk provisions 54,951 54,951
Retained earnings 34,527,678 29,245,119
Total owner's equity attributable
to equity
shareholders of the Company 67,103,960 59,820,396
Non-controlling interests 7,550,932 6,774,742
Total owner's equity 74,654,892 66,595,138
Total liabilities and owner's
equity 229,162,286 213,703,535
Legal representative: Mr. Cai Jianjiang
Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
Balance Sheet of the Company
30 September 2016
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
Balance
at
the end Balance at
of the beginning
Items the period of the year
CURRENT ASSETS:
Cash and bank balances 2,062,688 3,223,977
Financial assets at fair value
through profit or loss
Derivative financial assets
Bills receivable
Accounts receivable 2,883,761 2,556,398
Prepayments 643,994 523,523
Interest receivable
Dividend receivable
Other receivables 2,442,982 1,956,110
Inventories 215,795 243,332
Assets held for sale 582,074
Non-current assets due within
a year
Other current assets 1,340,874 1,341,946
Total current assets 9,590,094 10,427,360
NON-CURRENT ASSETS:
Available-for-sale financial
assets 22,784 22,784
Entrusted loans 1,020,000 1,020,000
Held-to-maturity investments
Long-term receivables 435,409 412,808
Long-term equity investments 26,909,973 26,434,219
Investment properties
Fixed assets 100,223,955 97,789,608
Construction in progress 24,767,360 16,078,952
Construction materials
Disposal of fixed assets
Biological assets for production
Oil and gas assets
Intangible assets 2,569,541 2,550,926
Development expenses
Goodwill
Long-term deferred expenses 303,149 325,631
Deferred tax assets 1,980,380 1,913,496
Other non-current assets
Total non-current assets 158,232,551 146,548,424
Total assets 167,822,645 156,975,784
CURRENT LIABILITIES:
Short-term loans 15,064,926 2,489,992
Short-term bonds payable 3,000,000
Financial liabilities at fair
value through profit or loss
Derivative financial liabilities
Bills payable
Accounts payable 9,929,232 8,992,025
Domestic air traffic liabilities 1,605,855 1,760,537
International air traffic liabilities 2,825,873 2,826,463
Receipts in advance 78,653 84,063
Employee compensations payable 790,033 606,644
Taxes payable 996,448 1,023,839
Interest payable 738,252 553,479
Dividend payable
Other payables 5,943,668 8,674,617
Held-for-sale liabilities
Non-current liabilities due
within a year 7,952,649 7,990,488
Other current liabilities
Total current liabilities 48,925,589 35,002,147
NON-CURRENT LIABILITIES:
Long-term loans 6,737,255 17,156,055
Debentures payable 20,000,000 16,000,000
Including: Preference shares
Perpetual bonds
Long-term payables 1,803,383 1,768,166
Obligations under finance leases 23,077,866 25,446,576
Defined benefit obligations
Specific payables
Estimated liabilities 10,077 13,206
Deferred income 3,490,663 2,963,675
Deferred tax liabilities 75,873 116,643
Other non-current liabilities
Total non-current liabilities 55,195,117 63,464,321
Total liabilities 104,120,706 98,466,468
OWNER'S EQUITY:
Issued capital 13,084,751 13,084,751
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserve 20,857,370 20,857,370
Less: Treasury shares
Other comprehensive income 190,750 182,037
Specific reserves
Surplus reserves 7,140,080 6,595,999
Retained earnings 22,428,988 17,789,159
Total owner's equity 63,701,939 58,509,316
Total liabilities and owner's
equity 167,822,645 156,975,784
Legal representative: Mr. Cai Jianjiang
Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
Consolidated Income Statement
January to September 2016
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
Amounts
Amounts for
for the period
the period from the
from the beginning
beginning of
of the the previous
Amounts year to year to
for the the the
corresponding end of end of
period the the
Amounts of reporting last reporting
for the previous period period
the period year (July (January (January
(July to to to to
Items September) September) September) September)
I. Revenue from operations 31,923,192 31,229,751 85,447,650 82,381,027
Including: Revenue 31,923,192 31,229,751 85,447,650 82,381,027
Interest income
Premium earned
Fees and commission
income
II. Total operating
costs 27,004,261 28,754,512 76,332,038 75,599,700
Including: Operating
costs 23,109,253 21,839,446 64,269,665 61,970,696
Interest expenses
Fees and commission
expenses
Returned premium
Net reimbursement
paid
Net amounts of provisions
on insurance contracts
drawn
Bonus paid on insurance
policy
Reinsurance premium
Business taxes and
other levies 71,544 77,005 208,970 194,168
Selling expenses 1,388,155 1,607,310 4,239,408 4,932,502
General and Administrative
expenses 1,086,437 1,102,786 2,982,468 2,823,319
Finance expenses 1,346,147 4,123,704 4,636,962 5,662,220
Impairment loss of
assets 2,725 4,261 -5,435 16,795
Add: Gains from changes
in fair value (loss
is represented by
"-" sign) 63 69 -47 6,682
Investment income
(loss is represented
by "-" sign) 226,216 504,369 518,792 1,164,353
Including: Sh
are of profits less
losses of associates
and joint ventures 208,353 495,013 467,816 1,133,865
Exchange gains (loss
is represented by
"-" sign)
III. Profit from
operations (loss
is represented by
"-" sign) 5,145,210 2,979,677 9,634,357 7,952,362
Add: Non-operating
income 341,732 121,431 906,746 746,055
Including: G
ains arising from
disposal of non-current
assets 39,561 28,490 40,569 48,126
Less: Non-operating
expenses 32,790 70,646 62,025 135,262
Including: L
oss arising from
disposal of non-current
assets 26,847 26,249 33,739 67,429
IV. Total profit
(total loss is represented
by "-" sign) 5,454,152 3,030,462 10,479,078 8,563,155
Less: Taxation 1,149,778 669,073 2,391,003 1,882,844
V. Net profit (net
loss is represented
by "-" sign) 4,304,374 2,361,389 8,088,075 6,680,311
Net profits attributable
to shareholders of
the Company 3,769,087 2,331,227 7,226,708 6,280,498
Net profits attributable
to non-controlling
interests 535,287 30,162 861,367 399,813
VI. Other comprehensive
income
after taxation 160,320 788,152 1,480,351 1,498,998
Other comprehensive
income after taxation
attributable to shareholders
of the Company 148,995 786,429 1,456,924 1,477,316
(I) Other comprehensive
income that cannot
be subsequently reclassified
to profit or loss 214 -158
1. Change arising
from
re-measurement of
net liabilities or
net assets in defined
benefit plans 214 -158
2. Share of other
comprehensive income
of the investees
accounted for using
the equity method
that cannot be reclassified
to profit or loss
(II) Other comprehensive
income that will
be subsequently reclassified
to profit or loss 148,995 786,429 1,456,710 1,477,474
1. Share of other
comprehensive income
of the investees
accounted for using
the equity method
that will be subsequently
reclassified to profit
or loss -12,075 928,326 664,204
2. Gains or losses
arising from changes
in fair value of
available-for-sale
financial assets 6,628 -6,187 9,548 15,835
3. Gains or losses
arising from reclassification
of held-to-maturity
investments to available-for-sale
financial assets
4. Effective portion
of profit or loss
on cash flow hedge
5. Exchange difference
on translation of
financial statements
in foreign currency 142,367 804,691 518,836 797,435
6. Others
Other comprehensive
income after taxation
attributable to non-controlling
interests 11,325 1,723 23,427 21,682
VII. Total comprehensive
income 4,464,694 3,149,541 9,568,426 8,179,309
Total comprehensive
income attributable
to shareholders of
the Company 3,918,082 3,117,656 8,683,632 7,757,814
Total comprehensive
income attributable
to non-controlling
interests 546,612 31,885 884,794 421,495
VIII. Earnings per
share:
(I) Basic earnings
per share (RMB) 0.31 0.19 0.59 0.51
(II) Diluted earnings
per share (RMB) N/A N/A N/A N/A
Legal representative: Mr. Cai Jianjiang
Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
Income Statement of the Company
January to September 2016
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
Amounts
Amounts for
for the period
the period from the
from the beginning
beginning of
of the the previous
Amounts year to year to
for the the the
corresponding end of end of
period the the
Amounts of reporting last reporting
for the previous period period
the period year (July (January (January
(July to to to to
Items September) September) September) September)
I. Revenue from operations 21,968,535 22,112,059 58,714,178 58,131,530
Less: Operating costs 15,663,304 15,221,410 44,003,631 43,192,772
Business taxes and
other levies 10,448 30,533 54,753 95,123
Selling expenses 1,039,232 1,235,878 3,134,464 3,745,847
General and Administrative
expenses 406,034 393,017 1,164,331 1,251,821
Finance expenses 990,764 2,868,235 3,296,035 4,074,951
Impairment loss of
assets -5,283 3,615
Add: Gains from changes
in fair value (loss
is represented by
"-" sign)
Investment income
(loss is represented
by "-" sign) 344,519 221,903 791,169 644,552
Including: Share
of profits less losses
of associates and
joint ventures 342,849 220,373 656,634 551,106
II. Profit from operations
(loss is represented
by "-" sign) 4,203,272 2,584,889 7,857,416 6,411,953
Add: Non-operating
income 21,223 28,948 541,096 586,919
Including: G
ains arising from
disposal of non-current
assets 55 5,897 169 131,088
Less: Non-operating
expenses 6,700 27,070 18,386 77,149
Including: L
oss arising from
disposal of non-current
assets 3,447 23,650 7,684 63,929
III. Total profit
(total loss is represented
by "-" sign) 4,217,795 2,586,767 8,380,126 6,921,723
Less: Income Taxation 915,017 556,502 1,796,148 1,490,985
IV. Net profit (net
loss is
represented by "-"
sign) 3,302,778 2,030,265 6,583,978 5,430,738
V. Other comprehensive
income
after taxation 8,713 11,001
(I) Other comprehensive
income that cannot
be subsequently reclassified
to profit or loss
1. Change arising
from
re-measurement of
net liabilities or
net assets in defined
benefit plans
2. Share of other
comprehensive income
of the investees
accounted for using
the equity method
that cannot be reclassified
to profit or loss
(II) Other comprehensive
income that will
be subsequently reclassified
to profit or loss 8,713 11,001
1. Share of other
comprehensive income
of the investees
accounted for using
the equity method
that will be subsequently
reclassified to profit
or loss 8,713 11,001
2. Gains or losses
arising from changes
in fair value of
available-for-sale
financial assets
3. Gains or losses
arising from reclassification
of held-to-maturity
investments to available-for-sale
financial assets
4. Effective portion
of profit or loss
on cash flow hedge
5. Exchange difference
on translation of
financial statements
in foreign currency
6. Others
VI. Total comprehensive
income 3,302,778 2,030,265 6,592,691 5,441,739
VII. Earnings per
share:
(I) Basic earnings
per share
(RMB per share)
(II) Diluted earnings
per share
(RMB per share)
Legal representative: Mr. Cai Jianjiang
Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
Consolidated Cash Flow Statement
January to September 2016
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
Amounts for
the Amounts for
period from the
the period from
beginning the beginning
of the year of the previous
to year to the
the end of end of the
the last
reporting reporting
period period
(January (January
to to
Items September) September)
I. Cash flows from operating
activities:
Cash received from sales of
goods and provision of services 90,128,015 87,479,093
Net increase in deposits from
clients and placements from
other banks
Net increase in borrowings
from central bank
Net increase in contributions
made to other financial institutions
Cash received from premiums
of original insurance contracts
Net cash received from reinsurance
operations
Net increase in reserve of
the insured and investment
Net increase in disposal of
financial assets at fair value
through profit or loss
Cash received from interests,
fees and commission
Net increase in contributions
received
Net increase in cash from
repurchase operations
Refund of tax and levy 15,127 10,193
Other cash received relating
to operating activities 3,103,870 5,355,733
Subtotal of cash inflows of
operating activities 93,247,012 92,845,019
Cash paid for goods purchased
and services received 44,932,237 42,875,119
Net increase in loans and
advances to clients
Net increase in deposits in
central bank and other banks
Cash paid in respect of claims
under original insurance contracts
Cash paid for interests, fees
and commission
Cash paid for bonus paid on
insurance policy
Cash paid to or on behalf
of employees 14,129,026 11,729,923
Tax and levies paid 4,345,511 3,251,520
Other cash paid relating to
operating activities 5,832,000 7,123,351
Subtotal of cash outflows
from operating activities 69,238,774 64,979,913
Net cash flows from operating
activities 24,008,238 27,865,106
II. Cash flows from investment
activities:
Cash received from sales and
redemption of investments
Cash received from investment
income 494,403 443,096
Net cash proceeds from disposal
of fixed assets, intangible
assets and other
long-term assets 530,778 200,619
Net cash received for acquisition
of subsidiaries 28,984 145,380
Net cash proceeds from disposal
of subsidiaries and other
business units
Other cash received relating
to investment activities 264,813 434,660
Subtotal of cash inflows from
investment activities 1,318,978 1,223,755
Cash paid for purchase of
fixed assets, intangible assets
and other long-term assets 21,208,750 7,312,864
Cash paid for investments 96,342 59,085
Net increase in secured loans
Net cash payments for acquisition
of subsidiaries and other
business units
Other cash paid relating to
investment activities 7,717 500,241
Subtotal of cash outflows
from investment activities 21,312,809 7,872,190
Net cash flows from investment
activities -19,993,831 -6,648,435
III. Cash flows from financing
activities:
Cash received from capital
injection
Including: Cash received from
capital injection of minority
shareholders in subsidiaries
Cash received from borrowings 13,099,369 12,531,354
Cash received from issue of
debentures 15,853,964 600,000
Other cash received relating
to financing activities
Subtotal of cash inflows from
financing activities 28,953,333 13,131,354
Cash paid for repayment of
borrowings 16,634,786 23,669,446
Cash paid for repayment of
debentures 6,304,325 3,000,000
Cash paid for distribution
of dividends, profits or payment
of interest expenses 3,772,622 2,910,743
Including: Dividends and profit
paid to minority shareholders
by subsidiaries 117,592 87,110
Other cash paid relating to
financing activities 4,578,502 4,099,023
Subtotal of cash outflows
from financing activities 31,290,235 33,679,212
Net cash flows from financing
activities -2,336,902 -20,547,858
IV. Effect of exchange rate
changes on cash and cash equivalents 87,729 46,443
V. Net increase in cash and
cash equivalents 1,765,234 715,256
Add: B
alance of cash and cash equivalents
as at the beginning of the
period 7,138,098 9,269,979
VI. Balance of cash and cash
equivalents as at the end of the period 8,903,332 9,985,235
Legal representative: Mr. Cai Jianjiang
Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
Cash Flow Statement of the Company
January to September 2016
Prepared by Air China Limited
Unit: RMB'000 (Unaudited)
Amounts for
the Amounts for
period from the
the period from
beginning the beginning
of the year of the previous
to year to the
the end of end of the
the last
reporting reporting
period period
(January (January
to to
Items September) September)
I. Cash flows from operating
activities:
Cash received from sales of
goods and provision of services 60,505,240 60,616,657
Refund of tax and levy 1,183 4,807
Other cash received relating
to operating activities 1,723,740 2,047,750
Subtotal of cash inflows of
operating activities 62,230,163 62,669,214
Cash paid for goods purchased
and services received 32,440,751 30,722,967
Cash paid to or on behalf
of employees 6,311,630 6,175,991
Tax and levies paid 2,948,135 2,200,143
Other cash paid relating to
operating activities 4,184,803 4,205,863
Subtotal of cash outflows
from operating activities 45,885,319 43,304,964
Net cash flows from operating
activities 16,344,844 19,364,250
II. Cash flows from investment
activities:
Cash received from sales and
redemption of investments
Cash received from investment
income 283,042 266,782
Net cash proceeds from disposal
of fixed assets, intangible
assets and other long-term
assets 479,764 408,392
Net cash proceeds from disposal
of subsidiaries and other
business units
Other cash received relating
to investment activities 51,339 54,485
Subtotal of cash inflows from
investment activities 814,145 729,659
Cash paid for purchase of
fixed assets, intangible assets
and other long-term assets 18,409,054 4,960,376
Cash paid for investments 59,085
Net cash payments for acquisition
of subsidiaries and other
business units 734,930
Other cash paid relating to
investment activities
Subtotal of cash outflows
from investment activities 18,409,054 5,754,391
Net cash flows from investment
activities -17,594,909 -5,024,732
III. Cash flows from financing
activities:
Cash received from capital
injection
Cash received from issue of
debentures 11,200,000
Cash received from borrowings 12,547,842 9,679,060
Other cash received relating
to financing activities
Subtotal of cash inflows from
financing activities 23,747,842 9,679,060
Cash paid for repayment of
borrowings 12,897,193 15,410,730
Cash paid for repayment of
debentures 4,200,000 3,000,000
Cash paid for distribution
of dividends, profits or payment
of interest expenses 2,978,716 2,181,195
Other cash paid relating to
financing activities 3,622,865 3,052,617
Subtotal of cash outflows
from financing activities 23,698,774 23,644,542
Net cash flows from financing
activities 49,068 -13,965,482
IV. Effect of exchange rate
changes on cash and cash equivalents 39,708 657
V. Net increase in cash and
cash equivalents -1,161,289 374,693
Add: B
alance of cash and cash equivalents
as at the beginning of the
period 3,223,977 3,258,265
VI. Balance of cash and cash
equivalents as at the end
of the period 2,062,688 3,632,958
Legal representative: Mr. Cai Jianjiang
Person in charge of accounting function: Mr. Xiao Feng
Person in charge of accounting department: Mr. Zhan Zhong
4.2 Auditor's Report GBP Applicable R Not applicable
By order of the Board
Air China Limited
Rao Xinyu Tam Shuit Mui
Joint Company Secretaries
Beijing, the PRC, 27 October 2016
As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. Cao Jianxiong, Mr. Feng Gang, Mr. John Robert Slosar, Mr. Ian Sai Cheung Shiu, Mr. Pan Xiaojiang*, Mr. Simon To Chi Keung*, Mr. Stanley Hui Hon-chung* and Mr. Li Dajin*.
* Independent non-executive Director of the Company
This information is provided by RNS
The company news service from the London Stock Exchange
END
QRTUWVVRNVARURA
(END) Dow Jones Newswires
October 28, 2016 02:30 ET (06:30 GMT)
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