粵高速Ｂ：第一季度報(bào)告全文（英文版）

1、guangdong provincial expressway development co.，ltd. the first quarterly report 2012(full text) i important statement 1.1 the board of directors , supervisory committee ,directors , supervisors, senior executives of the company guarantee that there are no significant omissions, fictitious or mislead

2、ing statements carried in the report and we will accept individual and joint responsibilities for the truthfulness, accuracy and completeness of the report. 1.1 1.2 the first quarterly financial report of the company is not audited . 1.3 chairman of board of directors mr.zhou yuming, general manager

3、 of the company mr. li xiyuan and chief accountant of the company mr.xiao laijiu state: we guarantee the authenticity and completeness of the financial report in this quarterly report. 2 basic information 2.1 main accounting highlights and financial indexes unit: rmb at the period-end of this at the

4、 period-end of last year increase /decrease（） total assets（rmb） owners equity attributable to the shareholders of the listed company （rmb） stock capital（shares） 12,472,713,217.76 4,167,585,213.87 1,257,117,748.00 11,802,427,175.92 4,115,126,105.45 1,257,117,748.00 5.68% 1.27% 0.00% net assets per sh

5、are attributable to the shareholders of the listed company3.323.271.53% （rmb/shares） amount of current period amount of the same period in last year increase /decrease（） total turnover(rmb) net profit attributable to owners of parent company(rmb) net cash flow arising from operating activities(rmb)

6、net cash flow per share arising from operating activities(rmb/share) basic earnings per share(rmb/share) diluted earnings per share(rmb/share) 268,377,836.84 59,659,108.43 163,716,399.47 0.13 0.05 0.05 248,954,619.04 66,164,194.62 148,498,597.12 0.12 0.05 0.05 7.80% -9.83% 10.25% 8.33% 0.00% 0.00% 1

7、 - weighted average return on equity（%） weighted average return on equity after deducting non-recurring gains and losses（%） 1.44% 1.43% 1.53% 1.94% -0.09% -0.51% items of non-current gains and losses applicable not applicable unit：rmb non-recurring gain and loss items other non-operating income and

8、expense other than above-mentioned amount of influence of income tax total amount (year-beginning to the end of the report period.) 388,150.75 -97,037.68 291,113.07 notes（if applicable） 2.2 top 10 shareholders and top 10 holders of unconditional shares unit：shares total number of shareholders at the

9、 end of report period particulars about the shares held by the top ten tradable shareholders with unrestricted conditions amount of tradable shares with 97,571 full name of shareholder guangdong communication group co., ltd. unrestricted conditions held at the end of report period 103,379,742 rmb ty

10、pe of shares xinyue co., ltd.13,201,086 foreign shares placed in domestic exchange guangdong yuecai trust investment co., ltd. china merchants securities. customer credit guarantee securities account shanxi huiteng international freight forwarding co., ltd. 12,174,345 rmb common shares 11,364,490 rm

11、b common shares 3,696,200 rmb common shares stichting pggm depositary3,599,861 foreign shares placed in domestic exchange haerbin daoli district, treasury services dept.2,981,482 rmb common shares lu weiqiang chen shukai lin mingtan 2,888,848 2,803,000 2,575,508 foreign shares placed in domestic exc

12、hange foreign shares placed in domestic exchange foreign shares placed in domestic exchange 3 significant events 3.1 particular about large-margin change of main accounting statement item and financial index and its reason. applicable not applicable （i）items of balance sheet as compared with the beg

13、inning of this year. 1.monetary capital the ending balance of monetary capital increased mainly due to net cash inflow from financing activities. 2. accounts receivable increased by rmb 25.19 million and 142.12% over the beginning of the year mainly due to increase of toll 2 income receivable from u

14、nited electronic toll center by guangfo expressway co., ltd. and guangdong fokai expressway co., ltd. 3. prepayments increased by rmb 116 million and 79.73% over the beginning of the year mainly due to increased by rmb 117 million of prepayment for materials and works for expansion project of guangd

15、ong fokai expressway co., ltd. 4. dividends receivable decreased by rmb 68 million and 75.01% over the beginning of the year due to recovery of partial dividends for previous years by the parent company. 5. the wages and benefits payable to staff and workers increased by 0.84 million and 42.18% over

16、 the beginning of the year mainly due to increase of ending balance. 6. taxes and levies payable increased by rmb 13.54 million and 103.61% over the beginning of the year mainly due to increase of balance of income tax payable. 7. interest payable increased by rmb 27 million and 72.66% over the begi

17、nning of the year mainly due to provision for corporate bond interest of rmb 10.20 million and medium term note interest of rmb 16.95 million in the current season. (ii) items of profit statement as compared with the same period of the previous year financial expenses increased by rmb 32.91 million

18、and 70.37% year on year mainly due to (1) increase of loan principal; (2) the interest rate of partial original loans rose from the beginning of the report year and the new interest rate that came into effect on july 7, 2011 applied. 2. non-operating expenses decreased by rmb 32.07 million and 99.99

19、% year on year mainly for the following reason: guangdong fokai expressway co., ltd. suffered loss of rmb 31.84 million from disposal of fixed assets as a result of dismantling an intercommunication fly-over bridge along the line for the purpose of expansion in the same period of previous year while

20、 there was no such loss in current period. 3.income tax expenses increased by rmb 6.58 million and 71.57% year on year mainly due to year-on-year increase of total profit made by guangdong fokai expressway co., ltd. for current period. (iii) notes of main items of cash flow statement 1. other cash r

21、eceived from business operation this item mainly calculates the toll income received and paid through liquidation accounts of guangfo expressway co., ltd. and guangdong fokai expressway co., ltd., and other cash receipt including project quality security (bid security / performance bond), income fro

22、m fines, rental income from real estates for investment and other income from governmental subsidy except tax refund. the transaction amount of this item decreased by rmb 186 million year on year mainly due to change of accounting method. reason: guangfo expressway co., ltd. and guangdong fokai expr

23、essway co., ltd. are in networking toll collection area in west guangdong. except the toll income from the main section, the toll income received through toll liquidation account includes the toll income of other sections in the collection area. 2before the second quarter of 2011, it will be account

24、ed for under this item at the time of receipt, which is shown as cash inflow. after receipt of account splitting instruction from the united electronic toll collection center, the income from other sections shall be transferred out, which is accounted for under the time other cash payment related to

25、 operating activities and shown as cash outflow. from the second quarter of 2011, the net balance of all to-be-split toll income received through liquidation account minus the income transferred to other sections is shown under this item. 2. cash paid for goods and services is mainly the payment for

26、 special works, maintenance costs and networking paid service fees. the year-on-year decrease by rmb 12.34 million is mainly due to year-on-year decrease of payment for project made by guangdong fokai expressway co., ltd. in current period by rmb 18.48 million. 3. the item of the cash paid to and fo

27、r staff and workers mainly calculates the wages, bonuses, miscellaneous allowances and subsidies actually paid to staff and workers in current period. the year-on-year increase by rmb 12.11 million is mainly due to the change of expenditure from labor cost. 4. the item of other cash payment related

28、to operating activities mainly calculates the project quality security (bid security/performance bond) paid by the company, expenses from engaging intermediaries, office expenditure, etc. the amount for current period decreased by rmb 198 million year on year mainly due to the above point 1. 5. the

29、item of cash received from returns on investment mainly calculates the cash dividends received by the company for equity investment. in current period, the company received the remaining unpaid dividends of rmb 38 million for 2010 distributed by jingzhu expressway guangzhu section co., ltd. and cash

30、 dividends of rmb 30 million for the third quarter of 2011 distributed by guangdong guanghui expressway co., ltd. the year-on-year decrease by rmb 48.90 million is due to the decrease of dividends received from subsidiaries in current period. in current period, guangdong fokai expressway co., ltd. p

31、aid rmb 180 million for expansion project of xiebian-sanbao section according to its progress. guangfo expressway co., ltd. paid about rmb 27 million for yayao-xiebian expansion project and other works. the year-on-year increase by rmb 42.78 million is due to the increase of investment in the above-

32、mentioned projects in current period. 6. cash paid for construction of fixed assets, intangible assets and other long-term assets in current period, guangdong fokai expressway co., ltd. paid rmb 180 million for expansion project of xiebian-sanbao section according to its progress. guangfo expressway

33、 co., ltd. paid about rmb 27 million for yayao-xiebian expansion project and other works. the year-on-year increase by rmb 42.78 million is due to the increase of investment in the above-mentioned projects in current period. 7. cash paid as investment in current period, the company did not pay cash

34、for external investment, in the same period of previous year, the parent company contributed capital of rmb 70 million to guangdong guangle expressway co., ltd. therefore, the amount of this item decreased by 3 rmb 70 million year on year. 8. cash received as investment in current period, guangdong

35、fokai expressway co., ltd. received capital payment of rmb 67.94 million from minority shareholders, which increased by rmb 37.94 million year on year due to increase of capital payment by minority shareholders. 9. cash received from obtaining loans it mainly includes: (1) in the current period, the

36、 parent company renewed the borrowing of entrusted loan with principal of rmb 105 million from guangdong guanghui expressway co., ltd. and obtained short-term loans of rmb 161 million from banks. (2) guangfo expressway co., ltd. borrowed rmb 240 million from banks in current period. (3) guangdong fo

37、kai expressway co., ltd. borrowed rmb 433 million from banks in current period. the year-on-year increase by rmb 603 million is due to increase of principal of bank loans borrowed by the parent company and controlled subsidiaries in current period. 10. cash paid for debt repayment it mainly includes

38、: (1) in current period, the parent company repaid entrusted loan principal of rmb 105 million to guangdong guanghui expressway co., ltd. and bank loans of rmb 111 million. (2) guangdong fokai expressway co., ltd. repaid bank loans of rmb 218 million in current period. the amount of principal repaym

39、ent increased by rmb 220 million year on year due to increase of principal of due loans. 11. cash paid for distribution of dividends or profits or interest reimbursement it mainly includes payment of rmb 77.77 million by the parent company, guangdong fokai expressway co., ltd. and guangfo expressway

40、 co., ltd. including bank loan interests. the year-on-year increase by rmb 24.68 million is mainly due to increase of loan principal and rise in interest rate. 3.2 the progress of significant events and influence, as well as the analysis and explanation on resolving proposal reason. 3.2.1 non-standa

41、rd opinion applicable not applicable 3.2.2 the company provided funds to its controlling shareholder or related parties and provided guarantees in violation of established procedures. applicable not applicable 3.2.3 signing and performance of significant contracts for daily operation applicable not

42、applicable 3.2.4 other applicable not applicable 3.3 the fulfillment of the commitment made by the company , shareholders and the actual controller commitments made by the listed company and its directors, supervisors, senior executives, the shareholders with holding above 5% shares and its actual c

43、ontroller in the report period, or lasting until the report period. applicable not applicable 3.4 estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the warning of its material change compared with the corresponding period of

44、the last year and explanation of reason. applicable not applicable 4 3.5 other significant events need to be explained 3.5.1 securities investment applicable not applicable 3.5.2 reception of investigations, communications ,or interviews company held in the report period. in the report period, the c

45、ompany did not accept investigations, communications ,or interviews . 3.6 derivative investment applicable not applicable 3.6.1 particulars about derivatives investment held at the end of report period applicable not applicable 4 appendix 4.1 balance sheet prepared by：guangdong provincial expressway

46、 development co.，ltd. march 31,2012unit：rmb items year-end balance year-beginning balance consolidatedparent companyconsolidatedparent company current asset： monetary fund1,524,662,038.69640,117,619.831,018,999,531.05701,899,352.28 settlement provision outgoing call loan trading financial assets bil

47、l receivable account receivable prepayments insurance receivable reinsurance receivable provisions of reinsurance contracts receivable interest receivable 42,918,016.07 260,584,983.03 335,866.66 17,726,118.11 144,982,896.65 316,891.66 dividend receivable other account receivable 22,658,881.05 35,884

48、,049.92 95,942,637.72 76,895,561.35 90,658,881.05 37,983,304.82 139,574,457.39 3,657,454.90 repurchasing of financial assets inventories non-current asset due in 1 year other current asset170,000,000.00160,000,000.00 5 total of current assets1,886,707,968.76983,291,685.561,310,350,731.681,005,448,15

49、6.23 non-current assets： loans and payment on others behalf disbursed disposable financial asset684,000,000.00684,000,000.00691,200,000.00691,200,000.00 expired investment in possess long-term receivable long term share equity investment property investment fixed assets construction in progress 2,99

50、9,324,583.08 5,424,984.73 3,975,311,693.64 2,870,548,911.84 4,994,083,152.60 5,172,846.48 5,981,940.81 2,918,288,171.88 5,541,038.08 4,063,417,803.17 2,760,092,723.87 4,763,046,741.40 5,288,899.83 5,837,841.17 engineering material fixed asset disposal production physical assets gas & petrol 65,598.1

51、3 intangible assets r & d petrol goodwill 50,974,064.8953,166,163.90 long-germ expenses to be amortized 355,412.69335,238.40370,543.34335,238.40 differed income tax asset other non-current asset total of non-current assets total of assets 10,586,005,249.00 12,472,713,217.76 5,689,573,178.29 6,672,86

52、4,863.85 10,492,076,444.24 11,802,427,175.92 5,465,708,720.80 6,471,156,877.03 current liabilities short-term loans1,051,470,000.00531,470,000.00891,470,000.00481,470,000.00 loan from central bank deposit received and hold for others call loan received trade off financial liabilities bill payable ac

53、count payable advance payment selling of repurchased financial assets fees and commissions receivable 120,834,219.00 5,263,678.04 135,228,709.74 5,392,391.20 employees wage payable tax payable interest payable dividend payable 2,846,779.97 26,612,190.34 64,164,542.00 37,262,731.65 251,195.36 -269,12

54、8.26 55,448,895.11 12,834,812.75 2,002,220.57 13,070,029.12 37,161,794.55 29,154,211.10 88,015.62 1,912,304.18 29,720,154.33 12,849,018.98 6 other account payable327,623,803.20107,329,254.86319,750,258.89109,125,634.87 reinsurance fee payable insurance contract provision entrusted trading of securit

55、ies entrusted selling of securities non-current liability due in 1 year other current liability 460,345,000.00 152,888,846.74 384,200,000.00 65,542,566.45 total of current liability2,096,422,944.20859,953,876.561,817,429,615.17700,707,694.43 non-current liabilities： long-term loan3,578,119,803.543,3

56、09,764,803.54 bond payable long-term payable 1,791,378,507.39 2,022,210.11 1,791,378,507.39 2,022,210.11 1,790,792,109.05 2,022,210.11 1,790,792,109.05 2,022,210.11 special payable expected liabilities differed income tax liability other non-current liabilities 124,347,660.70126,663,710.47 total of

57、non-current liabilities total of liability 5,495,868,181.74 7,592,291,125.94 1,793,400,717.50 2,653,354,594.06 5,229,242,833.17 7,046,672,448.34 1,792,814,319.16 2,493,522,013.59 owners equity share capital capital reserves 1,257,117,748.00 1,690,758,715.57 1,257,117,748.00 1,690,906,856.32 1,257,11

58、7,748.00 1,697,958,715.57 1,257,117,748.00 1,698,106,856.32 less：shares in stock special reserve surplus reserves191,496,386.02191,496,386.02191,496,386.02191,496,386.02 common risk provision undistributed profit1,028,212,364.28879,989,279.45968,553,255.86830,913,873.10 different of foreign currency

59、 translation total of owners equity belong to the parent company minor shareholders equity total of owners equity total of liabilities and owners equity 4,167,585,213.87 712,836,877.95 4,880,422,091.82 12,472,713,217.76 4,019,510,269.79 4,019,510,269.79 6,672,864,863.85 4,115,126,105.45 640,628,622.

60、13 4,755,754,727.58 11,802,427,175.92 3,977,634,863.44 3,977,634,863.44 6,471,156,877.03 4.2 profit statement prepared by：guangdong provincial expressway development co.，ltd. january-march 2012unit：rmb report periodsame period of the previous year items consolidatedparent companyconsolidatedparent c