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AIRC Air China Ld

78.8045
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Transport, Scheduled 52.74B -35.02B -7.0666 -0.07 2.28B

Air China Ld THIRD QUARTERLY REPORT 2017 (9341U)

30/10/2017 7:00am

UK Regulatory


Air China Ld (LSE:AIRC)
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TIDMAIRC

RNS Number : 9341U

Air China Ld

30 October 2017

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/9341U_-2017-10-30.pdf

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.

AIR CHINA LIMITED

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00753)

THIRD QUARTERLY REPORT 2017

This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 and 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 2017 and passed the resolution approving the third quarterly report 2017 of the Company for the nine months ended 30 September 2017 prepared in accordance with the PRC Accounting Standards.

   1.       IMPORTANT NOTICE 

1.1 The Board and the supervisory committee of the Company together with the directors, supervisors and the senior management of the Company guarantee that the contents of the quarterly report are true, accurate and complete and do not contain any false representation, misleading statement or material omission, and shall jointly and severally accept legal liability.

   1.2     All directors of the Company attended the board meeting to consider the quarterly report. 

1.3 Mr. Cai Jianjiang (legal representative and the Chairman of the Board of the Company), Mr. Xiao Feng (person in charge of accounting function and the Chief Financial Officer), and Mr. Zhan Zhong (person in charge of accounting department (accounting superintendent) and the general manager of finance department) hereby guarantee that the financial statements set out in this quarterly report are true, accurate and complete.

   1.4     The third quarterly report of the Company is unaudited. 
   2.       BASIC INFORMATION OF THE COMPANY 
   2.1     Major financial data 

Unit: RMB'000

 
                                                            Increase/decrease 
                                                                   at the end 
                                                             of the reporting 
                                                                    period as 
                                                                     compared 
                                                                           to 
                                                                   the end of 
                                At the end      At the end                the 
                                    of the          of the           previous 
                          reporting period   previous year               year 
                                                                          (%) 
 
Total assets                   239,073,681     224,128,192               6.67 
Net asset attributable 
 to shareholders of 
 the listed company             85,618,153      68,876,496              24.31 
 
 
                           For the period 
                                 from the 
                                beginning                             Increase/decrease 
                              of the year  For the corresponding            as compared 
                               to the end              period of   to the corresponding 
                         of the reporting           the previous              period of 
                          period (January          year (January           the previous 
                            to September)          to September)                   year 
                                                                                    (%) 
 
Net cash flows from 
 operating activities          18,860,654             24,008,238                (21.44) 
 
 
                                    For the period 
                                          from the 
                                         beginning                             Increase/decrease 
                                       of the year  For the corresponding            as compared 
                                        to the end              period of   to the corresponding 
                                  of the reporting           the previous              period of 
                                   period (January          year (January           the previous 
                                     to September)          to September)                   year 
                                                                                             (%) 
 
Revenue                                 92,995,787             85,447,650                   8.83 
Net profit attributable 
 to shareholders of 
 the listed company                      8,278,508              7,226,708                  14.55 
Net profit attributable 
 to shareholders of 
 the listed company 
 after deducting non-recurring 
 profits and losses                      8,150,110              6,691,893                  21.79 
Weighted average return                                                             Decreased by 
 on net assets (%)                           10.34                  11.39              1.05 ppts 
Basic earnings per 
 share 
 (RMB per share)                              0.62                   0.59                   5.08 
Diluted earnings per 
 share 
 (RMB per share)                               N/A                    N/A                    N/A 
 

Non-recurring profits and losses

Applicable

Unit: RMB'000

 
                                                        Amounts for 
                                                         the period 
                                                           from the 
                                                          beginning 
                                                        of the year 
                                     Amounts for         to the end 
                                      the period   of the reporting 
                                        (July to    period (January 
Items                                 September)      to September) 
 
Gains or losses on disposal 
 of non-current assets                    47,464             45,485 
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 consistently 
 entitled pursuant to prescribed 
 standard quota or amount under 
 the government policy)                   40,604            129,575 
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)                                   338                370 
Reversal of provision for 
 impairment of receivables 
 which are individually tested 
 for impairment                                -              3,572 
Other non-operating income 
 and expenses not covered above            6,506             40,044 
Effect of minority shareholders' 
 interests 
 (after taxation)                        (8,337)           (31,342) 
Effect of income tax                    (25,481)           (59,306) 
 
 
Total                                     61,094            128,398 
 
 

2.2 Total number of shareholders, the top 10 shareholders and the top 10 holders of tradable shares (or shares not subject to selling restrictions) as at the end of the reporting period

Unit: share

Total number of shareholders 179,431

 
 
                                Particulars of the top 10 shareholders 
 
 
 
                                                                       Shares pledged 
                                                                          or frozen 
                               Number 
                                   of                       Number 
                               shares                           of 
                                 held                       shares 
                                as at                         held 
                              the end                      subject                               Nature 
Name of shareholder            of the  Shareholding     to selling                                   of 
 (full name)                   period    percentage   restrictions   Status       Number    shareholder 
                                                (%) 
 
China National 
 Aviation Holding 
 Company                5,952,236,697         40.98    513,478,818   Frozen  127,445,536          State 
Cathay Pacific                                                                            Foreign legal 
 Airways Limited        2,633,725,455         18.13              0      Nil            /         person 
HKSCC NOMINEES                                                                            Foreign legal 
 LIMITED                1,684,098,519         11.60              0      Nil            /         person 
China National 
 Aviation Corporation                                                                     Foreign legal 
 (Group) Limited        1,556,334,920         10.72              0   Frozen   36,454,464         person 
China National 
 Aviation Fuel                                                                              State-owned 
 Group Corporation        469,145,502          3.23    385,109,114      Nil            /   legal person 
China Securities 
 Finance Corporation                                                                        State-owned 
 Limited                  384,806,469          2.65              0      Nil            /   legal person 
Zhongyuan Equity 
 Investment 
 Management                                                                                 State-owned 
 Co., Ltd.                262,569,509          1.81    256,739,409  Unknown  262,569,405   legal person 
China Structural 
 Reform Fund                                                                                State-owned 
 Co., Ltd.                231,065,468          1.59    231,065,468      Nil            /   legal person 
National Social 
 Security Fund 
 118                       71,034,895          0.49              0      Nil            /        Unknown 
China Merchants 
 Securities                                                                                 State-owned 
 Co., Ltd.                 34,419,032          0.24              0      Nil            /   legal person 
 
 
             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         1,684,098,519   foreign shares  1,684,098,519 
China National Aviation 
 Corporation                                     RMB ordinary 
 (Group) Limited               1,556,334,920           shares  1,332,482,920 
                                              Overseas listed 
                                               foreign shares    223,852,000 
China Securities Finance                         RMB ordinary 
 Corporation Limited             384,806,469           shares    384,806,469 
China National Aviation                          RMB ordinary 
 Fuel Group Corporation           84,036,388           shares     84,036,388 
National Social Security                         RMB ordinary 
 Fund 118                         71,034,895           shares     71,034,895 
China Merchants Securities                       RMB ordinary 
 Co., Ltd.                        34,419,032           shares     34,419,032 
Sinotrans Air Transportation 
 Development                                     RMB ordinary 
 Co., Ltd.                        23,120,000           shares     23,120,000 
                                                 RMB ordinary 
Jiang Hongye                      23,000,000           shares     23,000,000 
Explanation on connected         China National Aviation Corporation 
 relationship or action           (Group) Limited is a wholly-owned 
 in concert among the             subsidiary of China National 
 above shareholders               Aviation Holding Company. Accordingly, 
                                  China National Aviation Holding 
                                  Company is directly and indirectly 
                                  interested in 51.70% 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 1,684,098,519 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

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

Applicable

Unit: RMB'000

 
Items in                  Balance at 
 consolidated             the end of      Balance at 
 balance               the reporting   the beginning    Amount of  Percentage 
 sheet                        period     of the year       Change         (%)   Reasons for Change 
 
                                                                                 Mainly due to the 
                                                                                  sale back of medium-term 
                                                                                  notes planned by 
Cash and                                                                          the Group with 
 bank                     12,520,406       7,322,356    5,198,050       70.99     its own funds. 
                                                                                 Mainly due to the 
                                                                                  increase in prepayments 
                                                                                  for aviation oil 
                                                                                  during the reporting 
Prepayments                3,151,458       1,136,826    2,014,632      177.22     period. 
                                                                                 The impact of disposal 
                                                                                  of certain aircraft 
Held-for-sale                                                                     held for sale during 
 assets                        1,451         918,587    (917,136)     (99.84)     the reporting period. 
                                                                                 Mainly due to the 
                                                                                  increase in outstanding 
                                                                                  VAT credit and 
                                                                                  other financial 
                                                                                  assets held by 
                                                                                  China National 
                                                                                  Aviation Finance 
                                                                                  Co., Ltd., a subsidiary 
                                                                                  of the Company, 
Other current                                                                     during the reporting 
 assets                    5,186,800       3,053,370    2,133,430       69.87     period. 
                                                                                 Repayment of short-term 
Short-term                                                                        bonds due during 
 bonds payable               599,366       5,147,083  (4,547,717)     (88.36)     the reporting period. 
                                                                                 Mainly due to the 
                                                                                  increase in enterprise 
                                                                                  income taxes payable 
Taxes payable              2,425,669       1,361,742    1,063,927       78.13     by the Group. 
                                                                                 The impact of the 
                                                                                  amount of new loans 
                                                                                  raised being less 
                                                                                  than the amount 
                                                                                  of loans repaid 
Long-term                                                                         during the reporting 
 loans                     8,755,600      12,835,222  (4,079,622)     (31.78)     period. 
                                                                                 The non-public 
Capital                                                                           A share issue during 
 reserve                  26,270,841      16,509,531    9,761,310       59.13     the reporting period. 
                                                                                 The decrease in 
                                                                                  exchange difference 
                                                                                  on translation 
                                                                                  of financial statements 
                                                                                  in foreign currency 
Other comprehensive                                                               during the reporting 
 income                  (3,236,355)     (2,062,598)  (1,173,757)     (56.91)     period. 
 
 
                          For the 
                           period 
                         from the 
                        beginning         For the 
                           of the   corresponding 
                          year to          period 
                          the end          of the 
                           of the        previous 
Items                   reporting            year 
 in consolidated           period        (January 
 income                  (January              to       Amount  Percentage 
 statement          to September)      September)    of Change         (%)   Reasons for Change 
 
                                                                              Mainly due to the increase 
                                                                               in the net exchange gain 
                                                                               during the reporting period 
                                                                               as compared to the corresponding 
Finance                                                                        period of the previous 
 expenses                  66,338       4,636,962  (4,570,624)     (98.57)     year. 
                                                                              Mainly due to the decrease 
                                                                               in investment income from 
                                                                               joint ventures and associates 
                                                                               recognized during the 
                                                                               reporting period as compared 
Investment                                                                     to the corresponding period 
 income                 (252,959)         518,792    (771,751)    (148.76)     of the previous year. 
 
 
                          For the 
                           period 
                         from the 
                        beginning         For the 
                           of the   corresponding 
                          year to          period 
                          the end          of the 
                           of the        previous 
Items                   reporting            year 
 in consolidated           period        (January        Amount 
 cash flow               (January              to            of  Percentage 
 statement          to September)      September)        Change         (%)    Reasons for Change 
 
                                                                               Mainly due to the increase 
                                                                                in contributions made 
                                                                                and the net amounts of 
                                                                                financial assets held 
                                                                                under resale agreements 
                                                                                by China National Aviation 
                                                                                Finance Co., Ltd., a subsidiary 
Other                                                                           of the Company, during 
 cash paid                                                                      the reporting period as 
 relating                                                                       compared to the corresponding 
 to operating                                                                   period of the previous 
 activities             7,809,511       5,832,000     1,977,511       33.91     year. 
Net cash 
 proceeds                                                                      Mainly due to the increase 
 from disposal                                                                  in cash inflows from disposal 
 of fixed                                                                       of aircraft during the 
 assets                                                                         reporting period as compared 
 and intangible                                                                 to the corresponding period 
 assets                 2,536,996         530,778     2,006,218      377.98     of the previous year. 
Cash paid 
 for purchase 
 of fixed                                                                      Mainly due to the decrease 
 assets                                                                         in prepayments and balance 
 and other                                                                      payments for the purchase 
 long-term                                                                      of aircraft during the 
 assets                10,143,733      21,208,750  (11,065,017)     (52.17)     reporting period. 
 
 
                          For the 
                           period 
                         from the 
                        beginning         For the 
                           of the   corresponding 
                          year to          period 
                          the end          of the 
                           of the        previous 
Items                   reporting            year 
 in consolidated           period        (January        Amount 
 cash flow               (January              to            of  Percentage 
 statement          to September)      September)        Change         (%)    Reasons for Change 
 
                                                                               Due to the decrease in 
                                                                                bonds issued during the 
Cash received                                                                   reporting period as compared 
 from issue                                                                     to the corresponding period 
 of debentures            600,000      15,853,964  (15,253,964)     (96.22)     of the previous year. 
                                                                               Due to the increase in 
                                                                                new borrowings during 
                                                                                the reporting period as 
                                                                                compared to the corresponding 
Cash received                                                                   period of the previous 
 from borrowings       21,516,462      13,099,369     8,417,093       64.26     year. 
                                                                               Due to raising capital 
Cash received                                                                   by non-public issue of 
 from capital                                                                   shares during the reporting 
 injection             11,201,374               -    11,201,374      100.00     period. 
                                                                               Due to the increase in 
                                                                                repayment of borrowings 
                                                                                during the reporting period 
Cash paid                                                                       as compared to the corresponding 
 for repayment                                                                  period of the previous 
 of borrowings         25,994,065      16,634,786     9,359,279       56.26     year. 
 

3.2 Analysis and explanation on the progress of significant events and their impact and resolutions

Not applicable

   3.3     Undertakings that were failed to fulfill as scheduled during the reporting period 

Not applicable

3.4 Warnings and explainations with regard to forecast of a probable loss in respect of the accumulative net profits from the beginning of the year to the end of the next reporting period or any significant changes as compared with that of the corresponding period of previous year

Not applicable

 
                        Air China 
Company name             Limited 
Legal representative    Mr. Cai Jianjiang 
                        27 October 
Date                     2017 
 
   4.       APPIX 
   4.1    Financial Statements 

Consolidated Balance Sheet

30 September 2017

Prepared by Air China Limited

Unit: RMB'000 (Unaudited)

 
                                              Balance         Balance 
                                                   at              at 
                                              the end   the beginning 
                                                   of          of the 
Items                                      the period            year 
 
CURRENT ASSETS: 
   Cash and bank                           12,520,406       7,322,356 
   Provisions on payables 
   Contributions made 
   Financial assets at fair value 
    through profit or loss                     40,351             222 
   Derivative financial assets 
   Bills receivable                               507             837 
   Accounts receivable                      4,105,726       3,286,091 
   Prepayments                              3,151,458       1,136,826 
   Premium receivable 
   Receivables on reinsurance 
   Provisions for reinsurance contracts 
   Interest receivable 
   Dividend receivable 
   Other receivables                        1,841,173       1,923,459 
   Purchase of financial assets 
    resold 
   Inventories                              2,137,871       1,680,633 
   Held-for-sale assets                         1,451         918,587 
   Non-current assets due within 
    a year                                     10,000               - 
   Other current assets                     5,186,800       3,053,370 
       Total current assets                28,995,743      19,322,381 
 
 
 
                                               Balance         Balance 
                                                    at              at 
                                               the end   the beginning 
                                                    of          of the 
Items                                       the period            year 
 
NON-CURRENT ASSETS: 
   Loans and advances 
   Available-for-sale financial 
    assets                                   1,291,315       1,152,704 
   Held-to-maturity investments                      -          10,000 
   Long-term receivables                       869,981         898,845 
   Long-term equity investments             13,794,007      15,168,760 
   Investment properties                       324,961         337,551 
   Fixed assets                            154,550,365     148,910,057 
   Construction in progress                 30,422,705      29,320,914 
   Construction materials 
   Disposal of fixed assets 
   Biological assets for production 
   Oil and gas assets 
   Intangible assets                         4,429,450       4,252,314 
   Development expenses 
   Goodwill                                  1,102,185       1,102,185 
   Long-term deferred expenses               1,092,035         669,414 
   Deferred tax assets                       2,200,934       2,983,067 
   Other non-current assets 
   Total non-current assets                210,077,938     204,805,811 
       Total assets                        239,073,681     224,128,192 
 
CURRENT LIABILITIES: 
   Short-term loans                         15,524,160      14,488,948 
   Borrowings from central bank 
   Deposits from clients and placements 
    from other banks 
   Contributions received 
   Short-term bonds payable                    599,366       5,147,083 
   Financial liabilities at fair 
    value through profit or loss 
   Derivative financial liabilities 
   Bills payable 
   Accounts payable                         14,854,289      11,775,901 
   Domestic air traffic liabilities          2,645,353       2,933,845 
   International air traffic liabilities     3,586,453       3,380,091 
   Receipts in advance                         301,142         181,050 
   Sale of financial assets repurchased 
   Fees and commissions payable 
   Employee compensations payable            2,612,703       2,191,248 
   Taxes payable                             2,425,669       1,361,742 
   Interest payable                            864,252         761,913 
 
 
                                          Balance         Balance 
                                               at              at 
                                          the end   the beginning 
                                               of          of the 
Items                                  the period            year 
 
   Dividend payable 
   Other payables                       8,705,464       8,480,453 
   Amounts payable on reinsurance 
   Reserves on insurance contracts 
   Brokerage payable 
   Underwriting fees payable 
   Held-for-sale liabilities 
   Non-current liabilities due 
    within a year                      15,162,109      13,144,160 
   Other current liabilities 
       Total current liabilities       67,280,960      63,846,434 
 
NON-CURRENT LIABILITIES: 
   Long-term loans                      8,755,600      12,835,222 
   Debentures payable                  21,498,774      24,998,024 
   Including: Preference shares 
   Perpetual bonds 
   Long-term payables                   3,786,824       3,546,586 
   Obligations under finance leases    38,283,774      36,295,471 
   Defined benefit obligations            277,881         269,742 
   Specific payables 
   Accrued liabilities                    340,200         341,919 
   Deferred income                      3,563,064       3,092,841 
   Deferred tax liabilities               940,644       2,428,313 
   Other non-current liabilities 
   Total non-current liabilities       77,446,761      83,808,118 
       Total liabilities              144,727,721     147,654,552 
 
 
 
                                               Balance         Balance 
                                                    at              at 
                                               the end   the beginning 
                                                    of          of the 
Items                                       the period            year 
 
OWNER'S EQUITY 
   Share capital                            14,524,815      13,084,751 
   Other equity instruments 
   Including: Preference shares 
   Perpetual bonds 
   Capital reserve                          26,270,841      16,509,531 
   Less: Treasury shares 
   Other comprehensive income               -3,236,355      -2,062,598 
   Specific reserves 
   Surplus reserves                          8,482,100       7,829,643 
   General risk provisions                      66,709          66,709 
   Retained earnings                        39,510,043      33,448,460 
   Total owner's equity attributable 
    to equity 
    shareholders of the Company             85,618,153      68,876,496 
   Non-controlling interests                 8,727,807       7,597,144 
       Total owner's equity                 94,345,960      76,473,640 
           Total liabilities and owner's 
            equity                         239,073,681     224,128,192 
 

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 2017

Prepared by Air China Limited

Unit: RMB'000 (Unaudited)

 
                                               Balance         Balance 
                                                    at              at 
                                               the end   the beginning 
                                                    of          of the 
Items                                       the period            year 
 
CURRENT ASSETS: 
   Cash and bank                             8,588,632       2,221,952 
   Financial assets at fair value 
    through profit or loss 
   Derivative financial assets 
   Bills receivable 
   Accounts receivable                       4,546,069       3,028,488 
   Prepayments                               2,685,865         683,229 
   Interest receivable 
   Dividend receivable 
   Other receivables                         2,074,987       2,449,640 
   Inventories                                 139,312         130,941 
   Held-for-sale assets                              -         917,136 
   Non-current assets due within 
    a year 
   Other current assets                      1,233,958         829,828 
       Total current assets                 19,268,823      10,261,214 
 
NON-CURRENT ASSETS: 
   Available-for-sale financial 
    assets                                      22,783          22,784 
   Held-to-maturity investments 
   Entrusted loans                           1,020,000       1,020,000 
   Long-term receivables                       453,420         470,648 
   Long-term equity investments             27,426,337      26,909,004 
   Investment properties 
   Fixed assets                            103,565,919      97,170,211 
   Construction in progress                 21,670,613      22,939,247 
   Construction materials 
   Disposal of fixed assets 
   Biological assets for production 
   Oil and gas assets 
   Intangible assets                         2,786,113       2,555,719 
   Development expenses 
   Goodwill 
   Long-term deferred expenses                 746,283         338,712 
   Deferred tax assets                       1,912,083       1,865,409 
   Other non-current assets 
       Total non-current assets            159,603,551     153,291,734 
           Total assets                    178,872,374     163,552,948 
 
CURRENT LIABILITIES: 
   Short-term loans                          9,463,000      13,637,422 
   Short-term bonds payable 
   Financial liabilities at fair 
    value through profit or loss 
   Derivative financial liabilities 
   Bills payable 
   Accounts payable                         12,985,803      10,286,723 
   Domestic air traffic liabilities          1,846,882       1,904,317 
   International air traffic liabilities     3,192,917       3,005,001 
   Receipts in advance                          71,500          87,372 
   Employee compensations payable            1,086,277         644,294 
   Taxes payable                             1,334,945         857,313 
   Interest payable                            725,423         644,030 
   Dividend payable 
   Other payables                            6,725,014       6,975,454 
   Held-for-sale liabilities 
   Non-current liabilities due 
    within a year                            8,932,249       7,769,333 
   Other current liabilities 
       Total current liabilities            46,364,010      45,811,259 
 
NON-CURRENT LIABILITIES: 
   Long-term loans                           1,945,124       3,025,373 
   Debentures payable                       20,500,000      24,000,000 
   Including: Preference shares 
   Perpetual bonds 
   Long-term payables                        1,742,293       1,821,218 
   Obligations under finance leases         24,192,403      22,519,793 
   Defined benefit obligations 
   Specific payables 
   Accrued liabilities                           6,041           7,760 
   Deferred income                           2,992,205       2,614,384 
   Deferred tax liabilities                          -         102,654 
   Other non-current liabilities 
   Total non-current liabilities            51,378,066      54,091,182 
       Total liabilities                    97,742,076      99,902,441 
 
 
 
                                               Balance         Balance 
                                                    at              at 
                                               the end   the beginning 
                                                    of          of the 
Items                                       the period            year 
 
OWNER'S EQUITY: 
   Issued capital                           14,524,815      13,084,751 
   Other equity instruments 
   Including: Preference shares 
   Perpetual bonds 
   Capital reserve                          30,618,680      20,857,370 
   Less: Treasury shares 
   Other comprehensive income                  221,657         198,728 
   Specific reserves 
   Surplus reserves                          8,444,994       7,792,537 
   Retained earnings                        27,320,152      21,717,121 
       Total owner's equity                 81,130,298      63,650,507 
           Total liabilities and owner's 
            equity                         178,872,374     163,552,948 
 

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 2017

Prepared by Air China Limited

Unit: RMB'000 (Unaudited)

 
                                                                                                        Amounts 
                                                                                       Amounts          for the 
                                                                                       for the           period 
                                                                                        period         from the 
                                                                                      from the        beginning 
                                                                                     beginning           of the 
                                                                       Amounts          of the         previous 
                                                                       for the         year to          year to 
                                                                 corresponding         the end          the end 
                                                       Amounts          period          of the           of the 
                                                       for the          of the       reporting   last reporting 
                                                        period        previous          period           period 
                                                         (July      year (July        (January         (January 
Items                                            to September)   to September)   to September)    to September) 
 
I. Revenue from operations                          34,840,798      31,923,192      92,995,787       85,447,650 
    Including: Revenue                              34,840,798      31,923,192      92,995,787       85,447,650 
                   Interest income 
                   Premium earned 
                   Fees and commission 
                    income 
 
II. Total operating 
 costs                                              27,682,152      27,004,261      80,858,571       76,332,038 
    Including: Operating 
     costs                                          25,225,103      23,109,253      72,889,066       64,269,665 
                   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 
                   Taxes and other levies               61,408          71,544         220,290          208,970 
                   Selling expenses                  1,602,751       1,388,155       4,674,386        4,239,408 
                   General and Administrative 
                    expenses                         1,028,744       1,086,437       2,984,453        2,982,468 
                   Finance expenses                   -247,213       1,346,147          66,338        4,636,962 
                   Impairment loss of 
                    assets                              11,359           2,725          24,038           -5,435 
     Add: Gains from changes 
      in fair value 
      (loss is represented 
      by "-" sign)                                         215              63             304              -47 
 
 
                                                                                                Amounts 
                                                                               Amounts          for the 
                                                                               for the           period 
                                                                                period         from the 
                                                                              from the        beginning 
                                                                             beginning           of the 
                                                               Amounts          of the         previous 
                                                               for the         year to          year to 
                                                         corresponding         the end          the end 
                                               Amounts          period          of the           of the 
                                               for the          of the       reporting   last reporting 
                                                period        previous          period           period 
                                                 (July      year (July        (January         (January 
Items                                    to September)   to September)   to September)    to September) 
 
            Investment income 
             (loss is 
             represented by "-" 
             sign)                             111,062         226,216        -252,959          518,792 
            Including: Share of 
             profits less 
             losses of associates 
             and 
             joint ventures                     94,281         208,353        -306,567          467,816 
            Exchange gains 
             (loss is represented 
             by "-" sign) 
            Other income                             -               -         419,589                - 
III. Profit from operations 
 (loss is represented 
 by "-" sign)                                7,269,923       5,145,210      12,304,150        9,634,357 
    Add: Non-operating 
     income                                    114,019         341,732         250,397          906,746 
             Including: Gains arising 
              from 
              disposal of non-current 
              assets                            50,060          39,561          51,461           40,569 
    Less: Non-operating 
     expenses                                   19,445          32,790          35,293           62,025 
             Including: Loss arising 
              from 
              disposal of non-current 
              assets                             2,596          26,847           5,976           33,739 
 
IV. Total profit (total 
 loss is represented 
 by "-" sign)                                7,364,497       5,454,152      12,519,254       10,479,078 
    Less: Income Taxation                    1,679,317       1,149,778       2,927,601        2,391,003 
 
V. Net profit (net 
 loss is represented 
 by "-" sign)                                5,685,180       4,304,374       9,591,653        8,088,075 
    Net profits attributable 
     to shareholders of 
     the Company                             4,952,088       3,769,087       8,278,508        7,226,708 
    Net profits attributable 
     to non-controlling 
     interests                                 733,092         535,287       1,313,145          861,367 
 
 
                                                                                                            Amounts 
                                                                                           Amounts          for the 
                                                                                           for the           period 
                                                                                            period         from the 
                                                                                          from the        beginning 
                                                                                         beginning           of the 
                                                                           Amounts          of the         previous 
                                                                           for the         year to          year to 
                                                                     corresponding         the end          the end 
                                                           Amounts          period          of the           of the 
                                                           for the          of the       reporting   last reporting 
                                                            period        previous          period           period 
                                                             (July      year (July        (January         (January 
Items                                                to September)   to September)   to September)    to September) 
 
VI. Other comprehensive 
 income after taxation                                    -472,893         160,320      -1,180,120        1,480,351 
    Other comprehensive 
     income after 
     taxation attributable 
     to shareholders of 
     the Company                                          -449,799         148,995      -1,173,758        1,456,924 
        (I) Other comprehensive 
         income 
         that cannot be subsequently 
         reclassified to profit 
         or loss                                                 -               -         -13,441              214 
             1. Change arising 
              from re-measurement 
              of net liabilities 
              or net assets in defined 
              benefit plans                                      -               -         -13,441              214 
             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                                          -449,799         148,995      -1,160,317        1,456,710 
            1. Share of other 
             comprehensive income 
             of the investees accounted 
             for using the equity 
             method that will be 
             subsequently reclassified 
             to profit or loss                                   -               -        -133,787          928,326 
             2. Gains or losses 
              arising from changes 
              in fair value of available-for-sale 
              financial assets                             -11,087           6,628          30,118            9,548 
 
 
                                                                                                               Amounts 
                                                                                              Amounts          for the 
                                                                                              for the           period 
                                                                                               period         from the 
                                                                                             from the        beginning 
                                                                                            beginning           of the 
                                                                              Amounts          of the         previous 
                                                                              for the         year to          year to 
                                                                        corresponding         the end          the end 
                                                              Amounts          period          of the           of the 
                                                              for the          of the       reporting   last reporting 
                                                               period        previous          period           period 
                                                                (July      year (July        (January         (January 
Items                                                   to September)   to September)   to September)    to September) 
 
 
                      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                             -438,712         142,367      -1,056,648          518,836 
             6. Others 
        Other comprehensive 
         income after 
         taxation attributable 
         to non-controlling 
         interests                                            -23,094          11,325          -6,362           23,427 
 
VII. Total comprehensive 
 income                                                     5,212,287       4,464,694       8,411,533        9,568,426 
    Total comprehensive 
     income attributable 
     to shareholders of 
     the Company                                            4,502,289       3,918,082       7,104,750        8,683,632 
    Total comprehensive 
     income attributable 
     to non-controlling 
     interests                                                709,998         546,612       1,306,783          884,794 
 
VIII. Earnings per 
 share: 
     (I) Basic earnings 
      per share (RMB per 
      share)                                                     0.37            0.31            0.62             0.59 
     (II) Diluted earnings 
      per share (RMB per 
      share)                                                      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 2017

Prepared by Air China Limited

Unit: RMB'000 (Unaudited)

 
                                                                                                 Amounts 
                                                                                Amounts          for the 
                                                                                for the           period 
                                                                                 period         from the 
                                                                               from the        beginning 
                                                                              beginning           of the 
                                                                Amounts          of the         previous 
                                                                for the         year to          year to 
                                                          corresponding         the end          the end 
                                                Amounts          period          of the           of the 
                                                for the          of the       reporting   last reporting 
                                                 period        previous          period           period 
                                                  (July      year (July        (January         (January 
Items                                     to September)   to September)   to September)    to September) 
 
I. Revenue from operations                   24,076,193      21,968,535      64,060,120       58,714,178 
    Less: Operating costs                    17,263,149      15,663,304      50,117,799       44,003,631 
            Taxes and other levies               18,742          10,448          84,836           54,753 
            Selling expenses                  1,148,934       1,039,232       3,448,329        3,134,464 
            General and Administrative 
             expenses                           446,733         406,034       1,261,209        1,164,331 
            Finance expenses                    -19,850         990,764         403,697        3,296,035 
            Impairment loss of 
             assets                                   -               -           1,991           -5,283 
     Add: Gains from changes 
      in fair value 
      (loss is represented 
      by "-" sign) 
            Investment income 
             (loss is 
             represented by "-" 
             sign)                              390,299         344,519         809,808          791,169 
             Including: Share of 
              profits less 
              losses of associates 
              and joint ventures                386,424         342,849         638,111          656,634 
            Other income 
 
II. Profit from operations 
 (loss is represented 
 by "-" sign)                                 5,608,784       4,203,272       9,552,067        7,857,416 
    Add: Non-operating 
     income                                      71,965          21,223         518,651          541,096 
             Including: Gains arising 
              from 
              disposal of non-current 
              assets                             49,826              55          50,721              169 
    Less: Non-operating 
     expenses                                     3,491           6,700          10,753           18,386 
            Including: Loss arising 
             from 
             disposal of non-current 
             assets                                 695           3,447           1,422            7,684 
 
 
                                                                                                 Amounts 
                                                                                Amounts          for the 
                                                                                for the           period 
                                                                                 period         from the 
                                                                               from the        beginning 
                                                                              beginning           of the 
                                                                Amounts          of the         previous 
                                                                for the         year to          year to 
                                                          corresponding         the end          the end 
                                                Amounts          period          of the           of the 
                                                for the          of the       reporting   last reporting 
                                                 period        previous          period           period 
                                                  (July      year (July        (January         (January 
Items                                     to September)   to September)   to September)    to September) 
 
III. Total profit 
 (total loss is represented 
 by "-" sign)                                 5,677,258       4,217,795      10,059,965        8,380,126 
    Less: Income Taxation                     1,308,068         915,017       2,240,010        1,796,148 
 
IV. Net profit (net 
 loss is represented 
 by "-" sign)                                 4,369,190       3,302,778       7,819,955        6,583,978 
 
V. Other comprehensive 
 income after taxation                                -               -          22,929            8,713 
     (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                               -               -          22,929            8,713 
          1. Share of other 
           comprehensive 
           income of the investees 
           accounted for using 
           the equity method 
           that will be subsequently 
           reclassified to profit 
           or loss                                    -               -          22,929            8,713 
          2. Gains or losses 
           arising from 
           changes in fair value 
           of available-for-sale 
           financial assets 
 
 
                                                                                                      Amounts 
                                                                                     Amounts          for the 
                                                                                     for the           period 
                                                                                      period         from the 
                                                                                    from the        beginning 
                                                                                   beginning           of the 
                                                                     Amounts          of the         previous 
                                                                     for the         year to          year to 
                                                               corresponding         the end          the end 
                                                     Amounts          period          of the           of the 
                                                     for the          of the       reporting   last reporting 
                                                      period        previous          period           period 
                                                       (July      year (July        (January         (January 
Items                                          to September)   to September)   to September)    to September) 
 
         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                                            4,369,190       3,302,778       7,842,884        6,592,691 
 
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 2017

Prepared by Air China Limited

Unit: RMB'000 (Unaudited)

 
                                                                         Amounts 
                                                        Amounts          for the 
                                                        for the           period 
                                                         period         from the 
                                                       from the        beginning 
                                                      beginning           of the 
                                                         of the         previous 
                                                        year to          year to 
                                                        the end          the end 
                                                         of the           of the 
                                                      reporting   last reporting 
                                                         period           period 
                                                       (January         (January 
Items                                             to September)    to September) 
 
I. Cash flows from operating 
 activities: 
          Cash received from sales of 
           goods and provision of services           97,484,664       90,128,015 
          Net increase in deposits from 
           clients and placements from 
           other banks 
          Net increase in borrowings from 
           central bank 
          Net increase in borrowings from 
           other financial institutions 
          Cash received from premiums 
           of original insurance contracts 
          Net cash receipt 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                         22,972           15,127 
          Other cash received relating 
           to operating activities                    2,557,310        3,103,870 
          Subtotal of cash inflows of 
           operating activities                     100,064,946       93,247,012 
          Cash paid for goods purchased 
           and services received                     52,388,593       44,932,237 
  Net increase in loans and advances 
   to clients 
          Net increase in deposits in 
           central bank and other banks 
 
 
                                                                         Amounts 
                                                        Amounts          for the 
                                                        for the           period 
                                                         period         from the 
                                                       from the        beginning 
                                                      beginning           of the 
                                                         of the         previous 
                                                        year to          year to 
                                                        the end          the end 
                                                         of the           of the 
                                                      reporting   last reporting 
                                                         period           period 
                                                       (January         (January 
Items                                             to September)    to September) 
 
          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                                         15,770,795       14,129,026 
  Tax and levies paid                                 5,235,393        4,345,511 
  Other cash paid relating to 
   operating activities                               7,809,511        5,832,000 
              Subtotal of cash outflows from 
               operating activities                  81,204,292       69,238,774 
                 Net cash flows from operating 
                  activities                         18,860,654       24,008,238 
 
II. Cash flows from investment 
 activities: 
          Cash received from sales and 
           redemption of investments 
          Recovery of the secured bank 
           deposits                                       4,902          183,769 
          Cash received from investment 
           income                                       218,769          494,403 
          Net cash proceeds from disposal 
           of fixed assets, intangible 
           assets and other long-term assets          2,536,996          530,778 
          Net cash received for acquisition 
           of subsidiaries                                    -           28,984 
          Net cash proceeds from disposal 
           of subsidiaries and other business 
           units 
          Other cash received relating 
           to investment activities                     157,169           81,044 
          Subtotal of cash inflows from 
           investment 
           activities                                 2,917,836        1,318,978 
          Cash paid for purchase of fixed 
           assets, intangible assets and 
           other long-term assets                    10,143,733       21,208,750 
          Cash paid for investments                     118,132           96,342 
          Net increase in secured loans 
          Net cash payments for acquisition 
           of subsidiaries and other business 
           units 
          Other cash paid relating to 
           investment activities                          8,382            7,717 
          Subtotal of cash outflows from 
           investment 
           activities                                10,270,193       21,312,809 
          Net cash flows from investment 
           activities                                -7,352,357      -19,993,831 
 
 
                                                                          Amounts 
                                                         Amounts          for the 
                                                         for the           period 
                                                          period         from the 
                                                        from the        beginning 
                                                       beginning           of the 
                                                          of the         previous 
                                                         year to          year to 
                                                         the end          the end 
                                                          of the           of the 
                                                       reporting   last reporting 
                                                          period           period 
                                                        (January         (January 
Items                                              to September)    to September) 
 
III. Cash flows from financing 
 activities: 
          Cash received from capital injection        11,201,374                - 
         Including: Cash received from 
          capital injection of 
          minority shareholders in subsidiaries 
          Cash received from borrowings               21,516,462       13,099,369 
          Cash received from issue of 
           debentures                                    600,000       15,853,964 
          Other cash received relating 
           to financing activities 
          Subtotal of cash inflows from 
           financing 
           activities                                 33,317,836       28,953,333 
          Cash paid for repayment of borrowings       25,994,065       16,634,786 
          Cash paid for repayment of debentures        5,147,717        6,304,325 
          Cash paid for distribution of 
           dividends, profits or payment 
           of interest expenses                        4,184,214        3,772,622 
          Including: Dividends and profit 
           paid to minority 
           shareholders by subsidiaries                  176,120          117,592 
  Other cash paid relating to 
   financing activities                                4,441,728        4,578,502 
             Subtotal of cash outflows from 
              financing activities                    39,767,724       31,290,235 
                 Net cash flows from financing 
                  activities                          -6,449,888       -2,336,902 
 
IV. Effect of exchange rate 
 changes on cash and 
 cash equivalents                                       -134,197           87,729 
 
V. Net increase in cash and 
 cash equivalents                                      4,924,212        1,765,234 
         Add: Balance of cash and cash 
          equivalents as at 
          the beginning of the period                  6,848,018        7,138,098 
 
VI. Balance of cash and cash 
 equivalents as at the 
 end of the period                                    11,772,230        8,903,332 
 

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 2017

Prepared by Air China Limited

Unit: RMB'000 (Unaudited)

 
                                                           Amounts 
                                                           for the         Amounts for the 
                                                       period from         period from the 
                                                     the beginning            beginning of 
                                                       of the year            the previous 
                                                        to the end         year to the end 
                                                  of the reporting   of the last reporting 
                                                   period (January         period (January 
Items                                                to September)           to September) 
 
I. Cash flows from operating 
 activities: 
          Cash received from sales of 
           goods and provision of services              65,256,623              60,505,240 
          Refund of tax and levies                               -                   1,183 
          Other cash received relating 
           to operating activities                       1,975,711               1,723,740 
          Subtotal of cash inflows of 
           operating activities                         67,232,334              62,230,163 
          Cash paid for goods purchased 
           and services received                        38,521,178              32,440,751 
          Cash paid to or on behalf of 
           employees                                     7,282,311               6,311,630 
          Tax and levies paid                            3,211,344               2,948,135 
  Other cash paid relating to 
   operating activities                                  4,565,204               4,184,803 
             Subtotal of cash outflows from 
              operating activities                      53,580,037              45,885,319 
                 Net cash flows from operating 
                  activities                            13,652,297              16,344,844 
 
II. Cash flows from investment 
 activities: 
          Cash received from sales and 
           redemption of investments 
          Cash received from investment 
           income                                          402,223                 283,042 
          Net cash proceeds from disposal 
           of fixed assets, intangible 
           assets and other long-term assets               917,646                 479,764 
          Net cash proceeds from disposal 
           of subsidiaries and other business 
           units 
 
 
                                                            Amounts 
                                                            for the         Amounts for the 
                                                        period from         period from the 
                                                      the beginning            beginning of 
                                                        of the year            the previous 
                                                         to the end         year to the end 
                                                   of the reporting   of the last reporting 
                                                    period (January         period (January 
Items                                                 to September)           to September) 
 
          Other cash received relating 
           to investment activities                          82,256                  51,339 
          Subtotal of cash inflows from 
           investment 
           activities                                     1,402,125                 814,145 
          Cash paid for purchase of fixed 
           assets, intangible assets and 
           other long-term assets                         5,495,017              18,409,054 
          Cash paid for investments 
          Net cash payments for acquisition 
           of subsidiaries and other business 
           units 
          Other cash paid relating to 
           investment activities 
              Subtotal of cash outflows from 
               investment activities                      5,495,017              18,409,054 
                 Net cash flows from investment 
                  activities                             -4,092,892             -17,594,909 
 
III. Cash flows from financing 
 activities: 
  Cash received from capital injection                   11,201,374                       - 
  Cash received from borrowings                          11,767,567              12,547,842 
  Cash received from issue of 
   debentures                                                     -              11,200,000 
  Other cash received relating 
   to financing activities 
  Subtotal of cash inflows from 
   financing 
   activities                                            22,968,941              23,747,842 
  Cash paid for repayment of borrowings                  19,548,222              12,897,193 
  Cash paid for repayment of debentures                           -               4,200,000 
          Cash paid for distribution of 
           dividends, profits or payment 
           of interest expenses                           3,186,951               2,978,716 
  Other cash paid relating to 
   financing activities                                   3,365,810               3,622,865 
             Subtotal of cash outflows from 
              financing activities                       26,100,983              23,698,774 
                 Net cash flows from financing 
                  activities                             -3,132,042                  49,068 
 
                                                            Amounts 
                                                            for the         Amounts for the 
                                                        period from         period from the 
                                                      the beginning            beginning of 
                                                        of the year            the previous 
                                                         to the end         year to the end 
                                                   of the reporting   of the last reporting 
                                                    period (January         period (January 
Items                                                 to September)           to September) 
 
IV. Effect of exchange rate 
 changes on cash and 
 cash equivalents                                           -60,683                  39,708 
 
V. Net increase in cash and 
 cash equivalents                                         6,366,680              -1,161,289 
         Add: Balance of cash and cash 
          equivalents as at 
          the beginning of the period                     2,221,952               3,223,977 
 
VI. Balance of cash and cash 
 equivalents as at the end of 
 the period                                               8,588,632               2,062,688 
 

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 

Not applicable

By order of the Board

Air China Limited

Zhou Feng Tam Shuit Mui

Joint Company Secretaries

Beijing, the PRC, 27 October 2017

As at the date of this announcement, the directors of the Company are Mr. Cai Jianjiang, Mr. Song Zhiyong, Mr. John Robert Slosar, Mr. Wang Xiaokang*, Mr. Liu Deheng*, 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

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