Monday 27 April, 2009
Zhejiang Southeast
1st Quarter Results
RNS Number : 1749R Zhejiang Southeast Elec Power Co Ld 25 April 2009
Zhejiang Southeast Electric Power Company Limited
The 1st Quarterly Report 2009
CONTENTS
1. Important Notice....1
2. Facts and Figures about The Company....1
3. Import Events....2
4. Attachment....5
1. Important Notice
1.1 The Board of Directors, the Supervisory Committee, the directors, the supervisors and the senior management of Zhejiang Southeast Electric Power Company Limited (the Company) confirm that there is no false representation, misleading statement or material omission in this report, and that they jointly and severally accept full responsibility for the authenticity, accuracy and completeness of the information contained herein.
1.2 All the directors of the Company attended the board meeting.
1.3 The financial statements attached hereto are unaudited.
1.4 Legal representative of the Company Mao Jianhong and General Manager Shou Desheng, Chief Accountant Hu Senjian and Manager of Finance Division Yang Xiaodong state that the financial statements contained herein are true and complete.
2. Facts and Figures about The Company
2.1 Main Accounting Figures and Financial Indicators
Currency: RMB
|
|
At End of Current Period
|
At End of Prior Year
|
Increase/Decrease at Current Period End Compared with That at Prior Year End (%)
|
|
Total Assets (yuan)
|
15,924,543,852.15
|
15,637,758,966.04
|
1.83
|
|
Owner's equity (or Shareholders' Equity) (yuan)
|
7,988,114,864.21
|
7,463,832,556.96
|
7.02
|
|
Net Asset per Share Belonging to (yuan) Shareholders of the Company
|
3.97
|
3.71
|
7.01
|
|
|
From Year Beginning to Current Period End
|
Increase/Decrease in Current Period Compared with That in Same Period of Prior Year (%)
|
|
Net Cash Flow Generated from Operating Activities (yuan)
|
339,098,626.16
|
784.55
|
|
Net Cash Flow Generated from Operating Activities per share (yuan)
|
0.1687
|
783.25
|
|
|
In Current Period
|
From Year Beginning to Current Period End
|
Increase/Decrease in Current Period Compared with That in Same Period of Prior Year (%)
|
|
Net Profit Belonging to Shareholders of the Company (yuan)
|
-7,142,921.23
|
-7,142,921.23
|
-102.99
|
|
Basic Earnings per Share (yuan)
|
-0.0036
|
-0.0036
|
-103.03
|
|
Basic Earnings per Share after Deducting Non-recurring Gains and Losses (yuan)
|
-0.0031
|
-0.0031
|
-109.81
|
|
Diluted Earnings per Share (yuan)
|
-0.0036
|
-0.0036
|
-103.03
|
|
Diluted Yield on Net Assets (%)
|
-0.0894
|
-0.0894
|
Decreased by 2.4451%
|
|
Diluted Yield on Net Assets after Deducting Non-recurring Gains and Losses (%)
|
-0.0784
|
-0.0784
|
Decreased by 0.7042%
|
Items and Amount of Non-recurring Gains and Losses
|
Non-recurring Gains and Losses
|
Amount from Year Beginning to Current Period End (yuan)
|
|
Gains and Losses on Disposal of Non-current Assets
|
68,056.00
|
|
Government subsidies recorded as current gains and losses except those in close connection with the Company's normal operations continuously provided in accordance with the government policy and standards
|
1,064,156.24
|
|
Other Non-operating Income/Expense Besides the Above Items
|
-2,347,091.00
|
|
Impact of Minority Shareholders' Gains and Losses
|
34,125.00
|
|
Impact of Corporate Income Tax
|
303,719.69
|
|
Total
|
-877,034.07
|
2.2 Total Number of Shareholders and Shareholding of Top 10 Shareholders of Listed Shares at End of Current Reporting Period
Unit: Share
|
Total number of shareholders at end of current reporting period
|
89,200
|
|
Shareholding of Top 10 Shareholders of Listed Shares
|
|
Full Name of Shareholder
|
Number of Listed Shares Held at Period End
|
Type of Share
|
|
NAITO SECURITIES CO., LTD.
|
7,550,285
|
B share
|
|
TOYO SECURITIES ASIA LTD. A/C CLIENT
|
5,681,436
|
B share
|
|
JIANG RONGFANG
|
5,182,929
|
B share
|
|
STICHTING PENSLOENFONDS ZORG EN WELZIJN
|
4,662,290
|
B share
|
|
LSV EMERGING MARKETS EQUITY FUND,L.P.
|
4,211,266
|
B share
|
|
NORGES BANK
|
3,511,009
|
B share
|
|
SHENYIN WANGUO NOMINEES (H.K.) LTD.
|
3,221,272
|
B share
|
|
CREDIT SUISSE ZURICH
|
2,604,000
|
B share
|
|
STICHTING SHELL PENSIOENFONDS
|
2,074,700
|
B share
|
|
AIZAWA SECURITIES CO.,LTD.
|
1,939,150
|
B share
|
3. Import Events
3.1 Cases of and Reasons for Significant Changes of Main Accounting Items and Financial Indicators
Unit : RMB yuan
|
Item
|
At End of Current Period
|
At Beginning of Current Period
|
Range of Change (%)
|
Causes of Change
|
|
Accounts Receivable
|
358,860,726.17
|
533,629,136.05
|
-32.75
|
All the book amount of accounts receivable are the electricity charges receivable from Zhejiang Provincial Electric Power Co.
|
|
Prepayment
|
8,838,120.53
|
97,105,004.05
|
-90.90
|
The decrease mainly resulted from the decreased prepayment for coal to Zhejiang Zheneng Fuxing Fuel Co. Ltd
|
|
Available-for-sale Financial Assets
|
2,436,375,801.10
|
1,727,808,829.80
|
41.01
|
This is mainly because the ending fair values of the Merchants Bank, the Industrial Bank and the Bank of Communication increased.
|
|
Deferred Income Tax Liabilities
|
513,021,019.99
|
335,879,277.17
|
52.74
|
This is mainly because the ending fair values of the available-for-sale assets increased.
|
|
Item
|
Current Amount
|
Prior Amount
|
Range of Change (%)
|
Causes of Change
|
|
Returns on Investment
|
31,993,786.73
|
288,810,415.45
|
-88.92
|
This is mainly because the available-for-sale financial assets were sold at the current period end and the returns on investment in affiliated enterprises decreased.
|
|
Net Cash Flow Generated from Operating Activities
|
339,098,626.16
|
38,335,537.18
|
784.55
|
This is mainly because cash payment for coal purchase and the payment for various taxes decreased in the current period.
|
|
Net Cash Flow Generated from Investment Activities
|
-106,849,811.17
|
121,697,972.90
|
-187.80
|
This is mainly due to a substantial reduction in cash inflow generated from investment activities in the current period.
|
3.2 Analysis of Development of Major Events and Their Impacts and Solutions
The Company's subsidiary Zhejiang Zheneng Changxing Power Generation Co. Ltd (ZCPGC) currently owns 40.12% of equity of Zhejiang Changxing Jietong Logistics Co. Ltd (ZCJLC). As the other two investors, namely Zhejiang Zheneng Fuxing Fuel Company Limited and Zhejiang Xingyuan Investment Company Limited holding 15% and 10% ZCJLC's equity respectively entrusted their corresponding voting rights to ZCPGC on 1 January 2005, ZCJLC was previously incorporated into the Company's consolidated financial statements.
In current period, in the light of share restructuring of ZCJLC, ZCPGC separately signed agreements with Zhejiang Zheneng Fuxing Fuel Company Limited and Zhejiang Xingyuan Investment Company Limited, based on which the voting right entrustment between them was revoked from 1 January 2009. Thereafter, the shareholders of ZCJLC would exercise their voting rights in proportion to their shareholding ratios. In view of the fact that ZCPGC no longer had controlling power over ZCJLC, ZCJLC was not incorporated into the Company's consolidated financial statements.
3.3 Implementation of Commitment Made by the Company, Its Shareholders and De factor Controllers
Applicable √ Not Applicable
3.4 Warnings and Reasons for Potential Deficit or Significant Changes in Accumulated Net Profit from Year-beginning to End of Next Reporting period Compared with Same Period of Prior Year
Applicable √ Not Applicable
3.5 Implementation of Cash Dividend Distribution Policy
Approved in the shareholders' general meeting 2008, the cash dividend distribution policy was set out in the Articles of Association of the Company. In addition, it was agreed in the shareholders' meeting that no dividend distribution would be made for 2008.
Zhejiang Southeast Electric Power Company
Legal Representative: Mao Jianhong
Dated 23 April 2009
4. Attachment
Consolidated Balance Sheet
31st March 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB yuan Unaudited
|
Item
|
Ending Amount
|
Beginning Amount
|
|
Current assets:
|
|
|
|
Monetary assets
|
1,015,255,347.17
|
892,449,847.25
|
|
Provisions for account settlement
|
|
|
|
Loaned capital
|
|
|
|
Transactional financial assets
|
|
|
|
Bills receivable
|
|
|
|
Accounts receivable
|
358,860,726.17
|
533,629,136.05
|
|
Prepayment
|
8,838,120.53
|
97,105,004.05
|
|
Insurance premium receivable
|
|
|
|
Re-insurance accounts receivable
|
|
|
|
Re-insurance contract reserve receivable
|
|
|
|
Interest receivable
|
|
|
|
Dividend receivable
|
|
|
|
Other receivable
|
30,984,884.23
|
21,268,739.93
|
|
Purchase of resold financial assets
|
|
|
|
Inventories
|
266,279,974.51
|
292,920,777.96
|
|
Non-current assets due within 1 year
|
|
|
|
Other current assets
|
|
|
|
Total current assets
|
1,680,219,052.61
|
1,837,373,505.24
|
|
Non-current assets:
|
|
|
|
Loans and advances provided
|
|
|
|
Available-for-sale financial assets
|
2,436,375,801.10
|
1,727,808,829.80
|
|
Hold-up-to-maturity investment
|
|
|
|
Long term accounts receivable
|
|
|
|
Long term equity investments
|
1,775,123,170.81
|
1,704,459,838.32
|
|
Investing real estate
|
23,439,744.04
|
23,700,034.78
|
|
Fixed assets
|
9,609,637,767.46
|
9,886,285,366.92
|
|
Construction in progress
|
18,981,046.00
|
16,541,407.31
|
|
Project equipment and materials
|
1,091,168.40
|
1,091,368.40
|
|
Disposal of fixed assets
|
133,999.00
|
|
|
Productive assets
|
|
|
|
Oil and gas assets
|
|
|
|
Intangible assets
|
264,139,734.42
|
322,961,192.14
|
|
Development cost
|
|
|
|
Goodwill
|
|
|
|
Long-term deferred expenses
|
1,034,430.00
|
1,941,462.00
|
|
Deferred income tax asset
|
114,367,938.31
|
115,595,961.13
|
|
Other non-current assets
|
|
|
|
Total non-current assets
|
14,244,324,799.54
|
13,800,385,460.80
|
|
Total assets
|
15,924,543,852.15
|
15,637,758,966.04
|
|
Current liabilities:
|
|
|
|
Short term borrowings
|
1,319,970,000.00
|
1,299,970,000.00
|
|
Borrowings from central bank
|
|
|
|
Absorbed deposit and enterprise deposit
|
|
|
|
Borrowed capital
|
|
|
|
Transactional financial liabilities
|
|
|
|
Bills payable
|
|
200,000,000.00
|
|
Accounts payable
|
183,315,988.86
|
265,796,387.25
|
|
Accounts received in advance
|
|
8,000.00
|
|
Sale of repurchased financial assets
|
|
|
|
Service charges and commission payable
|
|
|
|
Wages payable
|
117,593,660.39
|
122,960,378.18
|
|
Tax payable
|
50,562,600.86
|
36,644,883.02
|
|
Interest payable
|
4,562,950.00
|
13,083,512.54
|
|
Dividend payable
|
|
|
|
Other payables
|
425,816,972.41
|
445,748,766.95
|
|
Reinsurance accounts payable
|
|
|
|
Reinsurance contract reserves
|
|
|
|
Agency fee for dealing in securities
|
|
|
|
Agency fee for underwriting sale of securities
|
|
|
|
Non-current liabilities due within one year
|
380,000,000.00
|
430,000,000.00
|
|
Other current liabilities
|
|
14,769,019.10
|
|
Total current liabilities
|
2,481,822,172.52
|
2,828,980,947.04
|
|
Non-current liabilities:
|
|
|
|
Long term borrowings
|
4,565,250,000.00
|
4,575,250,000.00
|
|
Bonds payable
|
|
|
|
Long term payables
|
|
|
|
Special payables
|
|
|
|
Anticipated liabilities
|
|
|
|
Deferred income tax liabilities
|
513,021,019.99
|
335,879,277.17
|
|
Other non-current liabilities
|
39,167,218.80
|
40,136,375.04
|
|
Total non-current liabilities
|
5,117,438,238.79
|
4,951,265,652.21
|
|
Total liabilities
|
7,599,260,411.31
|
7,780,246,599.25
|
|
Shareholders' equity
|
|
|
|
Share capital
|
2,010,000,000.00
|
2,010,000,000.00
|
|
Capital reserve
|
3,435,365,112.83
|
2,903,939,884.35
|
|
Less: shares in stock
|
|
|
|
Surplus reserve
|
1,299,037,986.07
|
1,299,037,986.07
|
|
Ordinary risk allowance
|
|
|
|
Undistributed profits
|
1,243,711,765.31
|
1,250,854,686.54
|
|
Foreign currency statement conversion variance
|
|
|
|
Total owner's equity belonging to owners of parent company
|
7,988,114,864.21
|
7,463,832,556.96
|
|
Minority shareholders' equity
|
337,168,576.63
|
393,679,809.83
|
|
Total shareholders' equity
|
8,325,283,440.84
|
7,857,512,366.79
|
|
Total liabilities and shareholders' equity
|
15,924,543,852.15
|
15,637,758,966.04
|
Parent Company's Balance Sheet
31st March 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB yuan Unaudited
|
Item
|
Ending Amount
|
Beginning Amount
|
|
Current assets:
|
|
|
|
Monetary assets
|
802,501,516.63
|
737,005,708.06
|
|
Transactional financial assets
|
|
|
|
Bills receivable
|
|
|
|
Accounts receivable
|
146,003,309.04
|
286,073,649.64
|
|
Prepayment
|
8,135,120.53
|
88,090,004.05
|
|
Interest receivable
|
|
|
|
Dividend receivable
|
|
|
|
Other receivable
|
22,776,225.72
|
17,403,527.55
|
|
Inventories
|
139,310,807.59
|
154,230,671.22
|
|
Non-current assets due within 1 year
|
|
|
|
Other current assets
|
199,668.00
|
199,668.00
|
|
Total current assets
|
1,118,926,647.51
|
1,283,003,228.52
|
|
Non-current assets:
|
|
|
|
Available-for-sale financial assets
|
2,436,375,801.10
|
1,727,808,829.80
|
|
Hold-up-to-maturity investment
|
|
|
|
Long term accounts receivable
|
|
|
|
Long term equity investments
|
2,428,703,584.54
|
2,397,030,018.68
|
|
Investing real estate
|
23,439,744.04
|
23,700,034.78
|
|
Fixed assets
|
6,299,821,533.68
|
6,446,004,677.55
|
|
Construction in progress
|
18,954,950.64
|
13,057,619.51
|
|
Project equipment and materials
|
1,091,168.40
|
1,091,368.40
|
|
Disposal of fixed assets
|
133,999.00
|
|
|
Productive assets
|
|
|
|
Oil and gas assets
|
|
|
|
Intangible assets
|
261,947,455.45
|
264,440,113.39
|
|
Development cost
|
|
|
|
Goodwill
|
|
|
|
Long-term deferred expenses
|
1,034,430.00
|
1,941,462.00
|
|
Deferred income tax asset
|
21,323,728.95
|
21,323,728.95
|
|
Other non-current assets
|
|
|
|
Total non-current assets
|
11,492,826,395.80
|
10,896,397,853.06
|
|
Total assets
|
12,611,753,043.31
|
12,179,401,081.58
|
|
Current liabilities:
|
|
|
|
Short term borrowings
|
469,970,000.00
|
469,970,000.00
|
|
Transactional financial liabilities
|
|
|
|
Bills payable
|
|
200,000,000.00
|
|
Accounts payable
|
119,898,510.05
|
143,290,107.43
|
|
Accounts received in advance
|
|
|
|
Wages payable
|
114,115,910.74
|
118,566,339.71
|
|
Tax payable
|
35,916,536.62
|
43,358,230.25
|
|
Interest payable
|
|
6,911,903.54
|
|
Dividend payable
|
|
|
|
Other payables
|
395,771,232.92
|
419,136,476.43
|
|
Non-current liabilities due within one year
|
|
|
|
Other current liabilities
|
|
|
|
Total current liabilities
|
1,135,672,190.33
|
1,401,233,057.36
|
|
Non-current liabilities:
|
|
|
|
Long term borrowings
|
2,850,250,000.00
|
2,850,250,000.00
|
|
Bonds payable
|
|
|
|
Long term payables
|
|
|
|
Special payables
|
|
|
|
Anticipated liabilities
|
|
|
|
Deferred income tax liabilities
|
513,021,019.99
|
335,879,277.17
|
|
Other non-current liabilities
|
39,167,218.80
|
40,136,375.04
|
|
Total non-current liabilities
|
3,402,438,238.79
|
3,226,265,652.21
|
|
Total liabilities
|
4,538,110,429.12
|
4,627,498,709.57
|
|
Shareholders' equity
|
|
|
|
Share capital
|
2,010,000,000.00
|
2,010,000,000.00
|
|
Capital reserve
|
3,421,390,112.83
|
2,889,964,884.35
|
|
Less: shares in stock
|
|
|
|
Surplus reserve
|
1,299,037,986.07
|
1,299,037,986.07
|
|
Undistributed profits
|
1,343,214,515.29
|
1,352,899,501.59
|
|
Foreign currency statement conversion variances
|
|
|
|
Total shareholders' equity
|
8,073,642,614.19
|
7,551,902,372.01
|
|
Total liabilities and shareholders' equity
|
12,611,753,043.31
|
12,179,401,081.58
|
Consolidated Statement of Profit
January -March 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB Yuan Unaudited
|
Item
|
Current Amount
|
Prior Amount
|
|
1. Total operating income
|
1,426,511,268.09
|
1,664,506,688.09
|
|
Including: operating income
|
1,426,511,268.09
|
1,664,506,688.09
|
|
Interest income
|
|
|
|
Insurance premium income
|
|
|
|
Service charges and commission income
|
|
|
|
2. Total operating cost
|
1,461,054,050.88
|
1,634,887,251.75
|
|
Including: operating cost
|
1,295,386,140.02
|
1,482,992,390.74
|
|
Interest expenditure
|
|
|
|
Service charges and commission expenditure
|
|
|
|
Refunded insurance premium
|
|
|
|
Net value of compensation expenditure
|
|
|
|
Net value of insurance contract allowance
|
|
|
|
Payment of insurance policy dividends
|
|
|
|
Reinsurance expenses
|
|
|
|
Operating tax and surcharges
|
10,060,359.65
|
14,510,238.52
|
|
Marketing expenses
|
|
|
|
Administrative expenses
|
66,469,755.79
|
72,627,460.00
|
|
Financial expenses
|
89,137,795.42
|
64,757,162.49
|
|
Asset devaluation loss
|
|
|
|
Add: gains from changes in fair values (with loss denoted by '-')
|
|
1,827,000.00
|
|
Return on investment (with loss denoted by '-')
|
31,993,786.73
|
288,810,415.45
|
|
Including: returns on investment in affiliated enterprises and joint ventures
|
31,993,786.73
|
53,270,208.81
|
|
Foreign exchange income (with loss denoted by '-')
|
|
|
|
3. Operating profit (with loss denoted by '-')
|
-2,548,996.06
|
320,256,851.79
|
|
Add: non-operating income
|
1,110,553.24
|
992,871.72
|
|
Less: non-operating expenses
|
3,170,460.06
|
2,691,422.63
|
|
Including: loss on disposal of non-current assets
|
|
|
|
4. Total profit (with loss denoted by '-')
|
-4,608,902.88
|
318,558,300.88
|
|
Less: income tax expenditure
|
1,330,087.03
|
66,476,023.74
|
|
5. Net profit (with net loss denoted by '-')
|
-5,938,989.91
|
252,082,277.14
|
|
Net profit belonging to owners of the parent company
|
-7,142,921.23
|
238,946,090.24
|
|
Minority shareholders' equity
|
1,203,931.32
|
13,136,186.90
|
|
6. Earnings per Share
|
|
|
|
(1) Basic earnings per share
|
-0.0036
|
0.1189
|
|
(2) Diluted earnings per share
|
|
|
Parent Company's Statement of Profit
January -March 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB Yuan Unaudited
|
Item
|
Current Amount
|
Prior Amount
|
|
1. Operating income
|
928,884,465.68
|
1,034,107,830.40
|
|
Less: operating cost
|
861,203,844.99
|
974,361,601.59
|
|
Operating tax and surcharge
|
7,919,435.16
|
9,305,596.70
|
|
Marketing expenses
|
|
|
|
Administrative expenses
|
53,281,410.60
|
55,063,165.22
|
|
Financial expenses
|
46,753,448.33
|
17,487,947.65
|
|
Asset devaluation loss
|
|
|
|
Add: gains from changes in fair values (with loss denoted by '-')
|
|
1,827,000.00
|
|
Return on investment (with loss denoted by '-')
|
31,673,565.86
|
288,810,415.45
|
|
Including: return on investment in affiliated enterprises and joint ventures
|
31,673,565.86
|
53,270,208.81
|
|
2. Operating profit (with loss denoted by '-')
|
-8,600,107.54
|
268,526,934.69
|
|
Add: non-operating income
|
1,015,553.24
|
895,059.99
|
|
Less: non-operating expenses
|
2,100,432.00
|
911,782.00
|
|
Including: loss on disposal of non-current assets
|
|
|
|
3. Total profit (with loss denoted by '-')
|
-9,684,986.30
|
268,510,212.68
|
|
Less: income tax expenditure
|
|
53,517,500.97
|
|
4. Net profit (with net loss denoted by '-')
|
-9,684,986.30
|
214,992,711.71
|
Consolidated Statement of Cash Flow
January -March 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB Yuan Unaudited
|
Item
|
Current Amount
|
Prior Amount
|
|
1.Cash flow generated from operating activities
|
|
|
|
Cash received from sale of goods and supply of labor service
|
1,834,403,845.18
|
2,031,520,929.87
|
|
Net increase in customer deposit and enterprise deposit
|
|
|
|
Net increase in borrowings from the central bank
|
|
|
|
Net increase in borrowed capital from other financial institutions
|
|
|
|
Cash gained from receipt of insurance premium
|
|
|
|
Net cash received from reinsurance
|
|
|
|
Net increase in deposit and investment of the insured
|
|
|
|
Net increase on disposal of transactional financial assets
|
|
|
|
Cash gained from receipt of interest, service charges and commission
|
|
|
|
Net increase in borrowed capital
|
|
|
|
Net increase in repurchase
|
|
|
|
Cash received from refund of taxes
|
|
|
|
Other cash received relating to operating activities
|
6,397,438.26
|
11,370,113.53
|
|
Sub-total of cash inflow
|
1,840,801,283.44
|
2,042,891,043.40
|
|
Cash paid for purchase of goods and labor services
|
1,250,613,991.03
|
1,600,124,251.37
|
|
Net increase in customer loan and advance
|
|
|
|
Net increase in deposit in central bank and in enterprise of same trade
|
|
|
|
Cash payment of insurance compensation
|
|
|
|
Cash payment of interest, service charges and commission
|
|
|
|
Cash payment of insurance policy dividend
|
|
|
|
Cash paid to and for the employees
|
111,304,059.42
|
124,619,292.90
|
|
Taxes paid
|
100,185,020.35
|
205,704,472.17
|
|
Other cash paid relating to operating activities
|
39,599,586.48
|
74,107,489.78
|
|
Sub-total of cash outflow
|
1,501,702,657.28
|
2,004,555,506.22
|
|
Net cash flow generated from operating activities
|
339,098,626.16
|
38,335,537.18
|
|
2.Cash flow generated from investment activities
|
|
|
|
Cash received from investment recovery
|
|
|
|
Cash received from investment return
|
|
248,583,027.01
|
|
Net cash received from disposal of fixed assets, intangible assets and other long-term assets
|
|
1,173,887.07
|
|
Net cash received from disposal of subsidiaries and other business units
|
|
|
|
Other cash received relating to investment activities
|
81,978.59
|
|
|
Sub-total of cash inflow
|
81,978.59
|
249,756,914.08
|
|
Cash paid for acquisition of fixed assets, intangible assets and other long-term assets
|
79,486,515.46
|
125,649,832.18
|
|
Cash paid for investment
|
2,408,841.48
|
|
|
Net increase in pledged loans
|
|
|
|
Net cash paid for acquisition of subsidiaries and other business units
|
|
|
|
Other cash paid relating to investment activities
|
25,036,432.82
|
2,409,109.00
|
|
Sub-total of cash outflow
|
106,931,789.76
|
128,058,941.18
|
|
Net cash flow generated from investment activities
|
-106,849,811.17
|
121,697,972.90
|
|
3. Cash flow from financing activities
|
|
|
|
Cash received by absorbing investment
|
|
|
|
Including: cash received by subsidiaries absorbing minority shareholders' investment
|
|
|
|
Cash received from borrowing
|
|
100,000,000.00
|
|
Cash received from issuance of bonds
|
|
|
|
Other cash received relating to financing activities
|
|
|
|
Sub-total of cash inflow
|
|
100,000,000.00
|
|
Cash paid for debt service
|
|
90,000,000.00
|
|
Cash paid for distribution of dividend, profit or repayment of interest
|
109,443,315.07
|
93,393,526.88
|
|
Including: subsidiaries' distribution of minority shareholders' dividends
|
|
|
|
Other cash paid relating to financing activities
|
|
|
|
Sub-total of cash outflow
|
109,443,315.07
|
183,393,526.88
|
|
Net cash flow generated from financing activities
|
-109,443,315.07
|
-83,393,526.88
|
|
4. Impact of foreign exchange rate fluctuation on cash and cash equivalents
|
|
|
|
5. Net increase in cash and cash equivalents
|
122,805,499.92
|
76,639,983.20
|
|
Add: beginning amount of cash and cash equivalents
|
892,449,847.25
|
751,845,772.38
|
|
6. Ending amount of cash and cash equivalents
|
1,015,255,347.17
|
828,485,755.58
|
Parent Company's Statement of Cash Flow
January -March 2009
Prepared by: Zhejiang Southeast Electric Power Company Limited Unit: RMB Yuan Unaudited
|
Item
|
Current Amount
|
Prior Amount
|
|
1.Cash flow generated from operating activities
|
|
|
|
Cash received from sale of goods and supply of labor service
|
1,226,297,549.86
|
1,266,891,473.69
|
|
Cash received from refund of taxes
|
|
|
|
Other cash received relating to operating activities
|
3,310,508.82
|
5,964,508.46
|
|
Sub-total of cash inflow
|
1,229,608,058.68
|
1,272,855,982.15
|
|
Cash paid for purchase of goods and labor services
|
830,716,739.02
|
1,049,929,523.19
|
|
Cash paid to and for the employees
|
93,737,522.44
|
104,865,785.69
|
|
Taxes paid
|
90,631,457.80
|
144,273,397.30
|
|
Other cash paid relating to operating activities
|
34,884,804.92
|
58,663,254.24
|
|
Sub-total of cash outflow
|
1,049,970,524.18
|
1,357,731,960.42
|
|
Net cash flow generated from operating activities
|
179,637,534.50
|
-84,875,978.27
|
|
2.Cash flow generated from investment activities
|
|
|
|
Cash received from investment recovery
|
|
|
|
Cash received from investment return
|
|
248,583,027.01
|
|
Net cash received from disposal of fixed assets, intangible assets and other long-term assets
|
|
1,173,887.07
|
|
Net cash received from disposal of subsidiaries and other business units
|
|
|
|
Other cash received relating to investment activities
|
|
|
|
Sub-total of cash inflow
|
|
249,756,914.08
|
|
Cash paid for acquisition of fixed assets, intangible assets and other long-term assets
|
56,653,985.46
|
122,428,111.08
|
|
Cash paid for investment
|
2,408,841.48
|
|
|
Net cash paid for acquisition of subsidiaries and other business units
|
|
|
|
Other cash paid relating to investment activities
|
|
|
|
Sub-total of cash outflow
|
59,062,826.94
|
122,428,111.08
|
|
Net cash flow generated from investment activities
|
-59,062,826.94
|
127,328,803.00
|
|
3. Cash flow from financing activities
|
|
|
|
Cash received by absorbing investment
|
|
|
|
Cash received from borrowing
|
|
100,000,000.00
|
|
Other cash received relating to financing activities
|
|
|
|
Sub-total of cash inflow
|
|
100,000,000.00
|
|
Cash paid for debt service
|
|
|
|
Cash paid for distribution of dividend, profit or repayment of interest
|
55,078,898.99
|
45,724,976.88
|
|
Other cash paid relating to financing activities
|
|
|
|
Sub-total of cash outflow
|
55,078,898.99
|
45,724,976.88
|
|
Net cash flow generated from financing activities
|
-55,078,898.99
|
54,275,023.12
|
|
4. Impact of foreign exchange rate fluctuation on cash and cash equivalents
|
|
|
|
5. Net increase in cash and cash equivalents
|
65,495,808.57
|
96,727,847.85
|
|
Add: beginning amount of cash and cash equivalents
|
737,005,708.06
|
526,272,768.41
|
|
6. Ending amount of cash and cash equivalents
|
802,501,516.63
|
623,000,616.26
|
This information is provided by RNS
The company news service from the London Stock Exchange END QRFKGGZDKKLGLZG
|
|