UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
___________________
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For the
month of April 2009
Commission
File Number: 001-14550
|
China
Eastern Airlines Corporation Limited
|
|
(Translation
of Registrant’s name into English)
|
|
2550
Hongqiao Road
|
|
Hongqiao
Airport
|
|
Shanghai,
China 200335
|
|
(Address
of principal executive offices)
|
Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form
40-F: x Form
20-F o Form
40-F
Indicate by check mark if the registrant
is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7): o
Indicate by check mark whether the
registrant by furnishing
the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934: o Yes x No
If "Yes" is marked, indicate below the
file number assigned to the
registrant in connection with Rule 12g3-2(b): n/a
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
|
China
Eastern Airlines Corporation Limited
|
|||||
|
(Registrant)
|
|||||
|
Date
|
April
28, 2009
|
By
|
/s/
Luo Zhuping
|
||
|
Name:
Luo Zhuping
|
|||||
|
Title:
Company Secretary
|
|||||
|
Certain
statements contained in this announcement may be regarded as
"forward-looking statements" within the meaning of the U.S. Securities
Exchange Act of 1934, as amended. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual performance, financial condition or
results of operations of the Company to be materially different from any
future performance, financial condition or results of operations implied
by such forward-looking statements. Further information
regarding these risks, uncertainties and other factors is included in the
Company's filings with the U.S. Securities and Exchange
Commission. The forward-looking statements included in this
announcement represent the Company's views as of the date of this
announcement. While the Company anticipates that subsequent
events and developments may cause the Company's views to change, the
Company specifically disclaims any obligation to update these
forward-looking statements, unless required by applicable
laws. These forward-looking statements should not be relied
upon as representing the Company's views as of any date subsequent to the
date of this announcement.
|
Hong Kong Exchanges and Clearing Limited
and The Stock Exchange of Hong Kong Limited take no responsibility for the
contents of this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in
reliance upon the whole or any part of the contents of this
announcement.
(A joint stock limited company
incorporated in the People’s Republic of China with limited
liability)
(Stock code: 670)
FIRST QUARTERLY REPORT 2009
|
This announcement is made by China
Eastern Airlines Corporation Limited pursuant to the disclosure
requirement under Rule 13.09(2) of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong
Limited.
The financial statements of the Company for the first
quarter of 2009 were not audited, and were prepared in accordance with the
PRC Accounting
Regulations.
|
1
IMPORTANT
NOTICE
This announcement is made by China
Eastern Airlines Corporation Limited (the “Company”) pursuant to the disclosure requirement under Rule
13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange
of Hong Kong Limited (which requires any issuer listed on The Stock Exchange of
Hong Kong Limited whose securities are also listed on other stock exchange(s) to simultaneously
inform The Stock Exchange of Hong Kong Limited of any information released to
any of such other exchange(s) and to ensure that such information is released to
the market in Hong Kong at the same time as it is released to the other market(s)). At the request of the Shanghai Stock
Exchange, a similar announcement of the even date is being made by the Company
in Shanghai pursuant to the relevant provisions of the Shanghai listing rules and
regulations.
This quarterly report was prepared in accordance with
the regulations as prescribed by the China Securities Regulatory Commission (“CSRC”) in relation to disclosure of
information in quarterly reports for listed companies, and is published
simultaneously in Shanghai and Hong Kong. The financial statements of the Company
for the first quarter of 2009 were not audited, and were prepared in accordance
with the PRC Accounting Regulations.
The board of directors (the “Board”) and the supervisory committee of the
Company, and its directors,
supervisors and senior management hereby confirm that the information set out in
this report does not contain any false information, misleading statement or
material omission, and accept joint and several responsibility for the
truthfulness, accuracy and completeness of the
contents of this report.
1
List of the directors of the Company
(the “Director”) who failed to attend the Board meeting
and their reasons are set out as follow:
|
Position held
by
|
Name of the
|
|
|
the absent
Director
|
absent Director
|
Reason given by the absent
Director
|
|
Director
|
Li Jun
|
Failed to attend the meeting as he
was on a business trip
|
|
Director
|
Luo
Chaogeng
|
Liu Shaoyong, the Chairman, was
authorized to vote in favour for him
|
|
Independent
Director
|
Peter Lok
|
Hu Honggao, an independent director, was
authorized to vote in favour for
him
|
|
Independent
Director
|
Wu Baiwang
|
Hu Honggao, an independent
director, was authorized to vote in favour for
him
|
|
Independent
Director
|
Xie Rong
|
Zhou Ruijin, an independent
director, was authorized to vote in
favour for
him
|
Mr. Liu Shaoyong, chairman of the Board
of the Company and person-in-charge of the Company, Mr. Ma Xulun, president of
the Company and officer-in-charge of accounting, and Mr. Wu Yongliang, chief
financial officer and officer-in-charge of the accounting
department (accounting officer), hereby declare that the financial statements
forming part of this quarterly report is true and complete.
|
2
|
BASIC PARTICULARS OF THE
COMPANY
|
|
|
2.1
|
Main accounting data and financial
indicators
|
Currency: RMB
|
Increase/
|
||||||||||||
|
decrease as
at
|
||||||||||||
|
the end of
|
||||||||||||
|
As at
|
the
reporting
|
|||||||||||
|
the end of
|
As at
|
period
compared
|
||||||||||
|
the
reporting
|
the end of
|
with the end
of
|
||||||||||
|
period
|
last year
|
last year
(%)
|
||||||||||
|
Total assets (RMB’000)
|
72,658,395.00 | 73,184,006.00 | -0.72 | |||||||||
|
Owners’ equity (or
shareholders’ equity)
|
||||||||||||
|
(RMB’000)
|
(11,548,756 | ) | (11,599,346 | ) | -0.44 | |||||||
|
Net earnings per share
attributable to the
|
||||||||||||
|
shareholders of listed
company (RMB)
|
(2.37 | ) | (2.38 | ) | -0.42 | |||||||
2
|
From the
|
||||||||
|
beginning of
|
Increase/
|
|||||||
|
the year to
|
decrease
|
|||||||
|
the end of
|
compared
with
|
|||||||
|
the
reporting
|
the same
period
|
|||||||
|
period
|
last year
(%)
|
|||||||
|
Net cash flow generated from
operating activities
|
||||||||
|
(RMB’000)
|
574,634.00 | -48.94 | ||||||
|
Net cash flow generated from
operating
|
||||||||
|
activities per share
(RMB)
|
0.12 | -48.94 | ||||||
|
From the
|
Increase/
|
|||||||||||
|
beginning
of
|
decrease for
the
|
|||||||||||
|
the year to
|
reporting
period
|
|||||||||||
|
the end of
|
compared
with
|
|||||||||||
|
Reporting
|
the
reporting
|
the same
period
|
||||||||||
|
period
|
period
|
last year
(%)
|
||||||||||
|
Net profit attributable to
shareholders of
|
||||||||||||
|
listed company
(RMB’000)
|
40,103.00 | 40,103.00 | -80.98 | |||||||||
|
Basic earnings per share
(RMB)
|
0.008 | 0.008 | -80.98 | |||||||||
|
Basic earnings per share after
non-recurring
|
||||||||||||
|
gains and losses
(RMB)
|
(0.26 | ) | (0.26 | ) | N/A | |||||||
|
Diluted earnings per share
(RMB)
|
0.008 | 0.008 | -80.98 | |||||||||
|
Return on net assets (fully
diluted) (%)
|
N/A | N/A | N/A | |||||||||
|
Return on net assets (fully
diluted) after deducting
|
||||||||||||
|
non-recurring gains and
losses (%)
|
N/A | N/A | N/A | |||||||||
After deducting non-recurring gains and losses and relevant
amounts:
|
From the
|
||||
|
beginning
of
|
||||
|
the year to
|
||||
|
the end of
the
|
||||
|
Non-recurring gains and
losses
|
reporting
period
|
|||
|
(RMB’000)
|
||||
|
Other non-operating incomes and
expenses
|
874,266 | |||
|
Other gains and losses which meet
the definition
of
|
||||
|
non-recurring gains
and losses
|
421,959 | |||
|
Total
|
1,296,225 | |||
3
|
2.2
|
The total number of the
Company’s shareholders and the
shareholdings of the 10 largest holders of circulating shares not subject
to selling moratorium as at the end of the reporting
period
|
Unit: Shares
|
Total number of shareholders as at
the end of the reporting period
|
165,960 | |||||||
|
Shareholding of the 10 largest
holders of circulating shares
not subject to selling
moratorium
|
||||||||
|
Number of
circulating
|
||||||||
|
shares not subject to
selling
|
||||||||
|
Name of
shareholders
|
moratorium held at
the
|
|||||||
|
(in full)
|
end of the
period
|
Class
|
||||||
|
HKSCC NOMINEES
LIMITED
|
1,539,637,139 |
Overseas listed foreign
shares
|
||||||
|
中國農業銀行－鵬華動力增長
|
||||||||
|
混合型證券投資基金(LOF)
|
14,999,910 |
RMB ordinary
shares
|
||||||
|
UBS AG
|
6,975,447 |
RMB ordinary
shares
|
||||||
|
MORGAN STANLEY &
CO.
|
||||||||
|
INTERNATIONAL
PLC.
|
5,358,221 |
RMB ordinary
shares
|
||||||
|
交通銀行－普天收益證券投資基金
|
5,000,000 |
RMB ordinary
shares
|
||||||
|
交通銀行－鵬華中國50開放式證券
|
||||||||
|
投資基金
|
4,999,910 |
RMB ordinary
shares
|
||||||
|
中國銀行－嘉實滬深300指數證券
|
||||||||
|
投資基金
|
4,247,702 |
RMB ordinary
shares
|
||||||
|
光大證券有限責任公司－中國光大
|
||||||||
|
銀行股份有限公司－光大陽光
|
||||||||
|
集合資產管理計劃
|
4,043,665 |
RMB ordinary
shares
|
||||||
|
交通銀行股份有限公司－建信優勢
|
||||||||
|
動力股票型證券投資基金
|
3,999,898 |
RMB ordinary
shares
|
||||||
|
PRUDENTIAL ASSET
MANAGEMENT
|
||||||||
|
(HONG KONG)
LIMITED
|
3,000,000 |
RMB ordinary
shares
|
||||||
4
|
3
|
IMPORTANT
MATTERS
|
|
|
3.1
|
The details of and reasons for the
substantial changes in main items of financial statements and financial
indicators of the Company
|
|
|
þ Applicable
|
o Not
applicable
|
|
|
1.
|
The total profit of the Company in
January to March 2009 decreased RMB202 million,
representing a 89% decrease as compared
with the same period last year, in which revenue and net exchange gain
decreased RMB1,663 million and RMB1,190 million respectively as compared
with the same period last year. However, non-operating income recorded an increase due
to refund from and reduction of the civil aviation infrastructure levies.
In addition, there was a loss reversal of RMB 422 million due to fair
value movements of fuel
hedging.
|
|
|
The Company strengthened its
efforts in controlling controllable costs, so
that the administrative expenses decreased. The decrease in asset impairment
loss was mainly attributable to the decrease in bad debt provision in the current
period.
|
|
|
2.
|
As at 31 March 2009, other
payables of the Company increased RMB546 million as compared
with the beginning of the year, which was mainly due to the increase in
refund of the civil aviation levies receivable. Under the current macro
environment, proceeds from sales in advance of carriage decrease as less
passengers travel by airplane.
Therefore, amounts received in advance decreased RMB331 million as
compared with the beginning of the
year.
|
|
3.2
|
Analysis of the progress of other
significant events and their effects and proposed
solutions
|
|
|
þ Applicable
|
o Not
applicable
|
The resolutions in relation to the issue
of an additional of 1,437,375,000 A shares and 1,437,375,000 H shares to China
Eastern Air Holding Company (“CEA
Holding”) and CES Global Holding (Hong Kong)
Limited, its wholly owned subsidiary, respectively by the Company was approved in
the general meeting and shareholder class meetings of the Company on 26 February
2009.
During the reporting period, the Company
had submitted application materials to CSRC for approval as soon as
possible.
|
3.3
|
The status of implementation of the
matters undertaken by the Company, shareholders and the ultimate
controller
|
|
|
þ Applicable
|
o Not
applicable
|
The share reform was completed by the
Company on 12 January 2007. CEA Holding undertook
that:
|
|
(1)
|
the original non-circulating shares of the
Company held by it shall not be listed and traded within 36 months from
the day of the implementation of the share reform
plan;
|
5
|
|
(2)
|
it shall bear all the expenses in
relation to the share reform
plan.
|
|
|
The shareholder of the
Company’s non-circulating shares
represented that it shall perform the undertakings in good faith and accept
relevant legal responsibilities. Unless the transferee(s) is/are willing
and able to accept the responsibilities of the undertakings, the
shareholder of the
Company’s non-circulating shares shall not
transfer any of those shares it
held.
|
|
|
Status of implementation:
faithfully implemented.
|
|
3.4
|
Warning of and reasons for any
expected accumulated losses from the beginning of the year to the end of
the following
reporting period or substantial changes in profitability compared to the
same period last year
|
|
|
o
Applicable
|
þ Not
applicable
|
|
3.5
|
Implementation of the cash
dividend policy during the reporting
period
|
|
|
þ Applicable
|
o Not
applicable
|
The Company has not yet formulated its
own cash dividend policy. Alteration of the articles of
association of the Company will be completed no later
than 30 June 2009 to make clear the Company’s cash dividend
policy.
|
By
order of the Board
|
||
|
China
Eastern Airlines Corporation Limited
|
||
|
Liu
Shaoyong
|
||
|
Chairman
|
As at the date of this announcement, the
directors of the Company
are:
|
Liu
Shaoyong
|
(Chairman)
|
|
Li Jun
|
(Vice
Chairman)
|
|
Ma Xulun
|
(Director,
President)
|
|
Luo
Chaogeng
|
(Director)
|
|
Luo Zhuping
|
(Director, Company
Secretary)
|
|
Hu Honggao
|
(Independent Non-executive
Director)
|
|
Peter Lok
|
(Independent Non-executive
Director)
|
|
Wu Baiwang
|
(Independent Non-executive
Director)
|
|
Zhou Ruijin
|
(Independent Non-executive
Director)
|
|
Xie Rong
|
(Independent Non-executive
Director)
|
Shanghai, the People’s Republic of China
28 April 2009
6
APPENDIXES
China Eastern Airlines Corporation
Limited
Combined and Parent Company’s Balance Sheet as at 31 March
2009
(Unaudited and unless otherwise stated,
amounts expressed in RMB’000)
|
31 March
|
31 December
|
31 March
|
31 December
|
|||||||||||||
|
2009
|
2008
|
2009
|
2008
|
|||||||||||||
|
Assets
|
Combined
|
Combined
|
Parent
company
|
Parent
company
|
||||||||||||
|
Current
assets
|
||||||||||||||||
|
Monetary
capital
|
4,777,414 | 5,643,974 | 3,650,734 | 4,475,876 | ||||||||||||
|
Tradable financial
assets
|
50 | 123,998 | 50 | 123,998 | ||||||||||||
|
Trade
receivables
|
1,118,814 | 1,165,308 | 1,586,000 | 1,534,044 | ||||||||||||
|
Prepayments
|
553,611 | 461,614 | 507,699 | 412,360 | ||||||||||||
|
Dividends
receivable
|
29,509 | 27,229 | 27,229 | 27,229 | ||||||||||||
|
Other
receivables
|
2,179,666 | 1,633,915 | 2,256,074 | 1,965,615 | ||||||||||||
|
Inventory
|
905,829 | 871,364 | 738,152 | 707,587 | ||||||||||||
|
Other current
assets
|
473,667 | 473,667 | 473,667 | 473,667 | ||||||||||||
|
Total current
assets
|
10,038,560 | 10,401,069 | 9,239,605 | 9,720,376 | ||||||||||||
|
Non-current
assets
|
||||||||||||||||
|
Financial assets
available
|
||||||||||||||||
|
for
sale
|
563 | 563 | 203 | 203 | ||||||||||||
|
Long-term
investment
|
1,510,667 | 1,373,356 | 3,872,925 | 3,858,454 | ||||||||||||
|
Fixed assets
|
51,898,877 | 51,826,677 | 44,000,389 | 43,826,036 | ||||||||||||
|
Construction in
progress
|
6,777,792 | 6,980,393 | 6,575,450 | 6,823,556 | ||||||||||||
|
Intangible
assets
|
1,497,566 | 1,530,418 | 871,072 | 900,600 | ||||||||||||
|
Goodwill
|
- | - | - | - | ||||||||||||
|
Long-term deferred
expenses
|
348,109 | 483,726 | 307,250 | 453,128 | ||||||||||||
|
Deferred income tax
assets
|
77,951 | 77,917 | - | - | ||||||||||||
|
Other non-current
assets
|
508,310 | 509,887 | 360,061 | 360,061 | ||||||||||||
|
Total non-current
assets
|
62,619,835 | 62,782,937 | 55,987,350 | 56,222,038 | ||||||||||||
|
Total
assets
|
72,658,395 | 73,184,006 | 65,226,955 | 65,942,414 | ||||||||||||
Person-in-charge of the Company: Liu
Shaoyong Officer-in-charge of accounting: Ma
Xulun
Officer-in-charge of the accounting
department: Wu Yongliang
7
China Eastern Airlines Corporation
Limited
Combined and Parent Company’s Balance Sheet as at 31 March 2009
(Cont’d)
(Unaudited and unless otherwise stated,
amounts expressed in RMB’000)
|
31 March
|
31 December
|
31 March
|
31 December
|
|||||||||||||
|
Liabilities
and
|
2009
|
2008
|
2009
|
2008
|
||||||||||||
|
shareholder’s equity
|
Combined
|
Combined
|
Parent
company
|
Parent
company
|
||||||||||||
|
Current
liabilities
|
||||||||||||||||
|
Short-term
borrowings
|
21,697,191 | 19,473,829 | 19,699,914 | 17,548,288 | ||||||||||||
|
Tradable financial
liabilities
|
5,445,051 | 6,641,599 | 5,445,051 | 6,641,599 | ||||||||||||
|
Notes
payable
|
4,130,735 | 3,927,851 | 4,035,352 | 3,840,087 | ||||||||||||
|
Trade
payables
|
11,147,293 | 9,605,345 | 9,280,551 | 8,419,161 | ||||||||||||
|
Amounts received in
advance
|
748,640 | 1,080,076 | 739,023 | 1,075,515 | ||||||||||||
|
Staff remuneration
payable
|
1,167,496 | 1,362,616 | 1,004,246 | 1,104,882 | ||||||||||||
|
Tax payable
|
755,952 | 663,876 | 588,680 | 502,920 | ||||||||||||
|
Interests
payable
|
254,261 | 321,412 | 232,601 | 295,654 | ||||||||||||
|
Other
payables
|
1,418,174 | 1,699,335 | 1,354,122 | 1,657,594 | ||||||||||||
|
Non-current liabilities due within
1 year
|
8,439,055 | 9,300,770 | 7,814,468 | 8,491,095 | ||||||||||||
|
Total current
liabilities
|
55,203,848 | 54,076,709 | 50,194,008 | 49,576,795 | ||||||||||||
|
Non-current
liabilities
|
||||||||||||||||
|
Long-term
borrowings
|
8,508,371 | 8,588,052 | 7,036,175 | 7,045,080 | ||||||||||||
|
Long-term amount
payable
|
19,452,703 | 21,095,315 | 17,198,772 | 18,643,316 | ||||||||||||
|
Project amount
payable
|
62,773 | 58,135 | 60,957 | 56,319 | ||||||||||||
|
Deferred income tax
liabilities
|
51,539 | 51,539 | - | - | ||||||||||||
|
Deferred
revenue
|
374,407 | 379,407 | 374,407 | 379,407 | ||||||||||||
|
Total non-current
liabilities
|
28,449,793 | 30,172,448 | 24,670,311 | 26,124,122 | ||||||||||||
|
Total
liabilities
|
83,653,641 | 84,249,157 | 74,864,319 | 75,700,917 | ||||||||||||
|
Shareholder’s equity
|
||||||||||||||||
|
Share
capital
|
4,866,950 | 4,866,950 | 4,866,950 | 4,866,950 | ||||||||||||
|
Capital
reserve
|
1,078,767 | 1,068,279 | 1,004,759 | 999,596 | ||||||||||||
|
Accumulated
losses
|
(17,494,473 | ) | (17,534,575 | ) | (15,509,073 | ) | (15,625,049 | ) | ||||||||
|
Total parent
company
|
||||||||||||||||
|
shareholder’s equity
|
(11,548,756 | ) | (11,599,346 | ) | (9,637,364 | ) | (9,758,503 | ) | ||||||||
|
Minority
interests
|
553,510 | 534,195 | - | - | ||||||||||||
|
Total shareholder’s equity
|
(10,995,246 | ) | (11,065,151 | ) | (9,637,364 | ) | (9,758,503 | ) | ||||||||
|
Total liabilities
and
|
||||||||||||||||
|
shareholder’s equity
|
72,658,395 | 73,184,006 | 65,226,955 | 65,942,414 | ||||||||||||
Person-in-charge of the Company:
Liu
Shaoyong Officer-in-charge of accounting: Ma
Xulun
Officer-in-charge of the accounting
department: Wu Yongliang
8
China Eastern Airlines Corporation
Limited
Combined and Parent Company’s Income Statement for the 3 months
period ended 31 March 2009
(Unaudited and unless otherwise stated, amounts
expressed in RMB’000)
|
Jan to Mar
|
Jan to Mar
|
|||||||||||||||
|
Jan to Mar
|
Jan to Mar
|
2009
|
2008
|
|||||||||||||
|
2009
|
2008
|
Parent
|
Parent
|
|||||||||||||
|
Combined
|
Combined
|
company
|
company
|
|||||||||||||
|
1. Operational
revenues
|
8,946,146 | 10,609,408 | 7,315,523 | 8,427,755 | ||||||||||||
|
Less: Cost of
operation
|
(8,423,481 | ) | (9,664,794 | ) | (6,851,964 | ) | (7,720,861 | ) | ||||||||
|
Taxes and
levies
|
(219,091 | ) | (263,690 | ) | (171,584 | ) | (195,875 | ) | ||||||||
|
Selling and distribution
expenses
|
(595,092 | ) | (601,194 | ) | (508,182 | ) | (523,359 | ) | ||||||||
|
General and administrative
expenses
|
(305,333 | ) | (478,334 | ) | (241,628 | ) | (380,968 | ) | ||||||||
|
Finance expenses/(income),
net
|
(684,458 | ) | 642,724 | (605,234 | ) | 683,485 | ||||||||||
|
Impairment
loss
|
(4,887 | ) | (33,681 | ) | (4,667 | ) | (33,681 | ) | ||||||||
|
Fair value
loss/(gain)
|
421,959 | (91,572 | ) | 421,959 | (91,572 | ) | ||||||||||
|
Add: Investment
income
|
13,881 | 21,001 | 14,470 | 21,001 | ||||||||||||
|
In which: Investment
income
|
||||||||||||||||
|
from associates and
joint ventures
|
||||||||||||||||
|
2. Operating
(loss)/profit
|
(850,356 | ) | 139,868 | (631,307 | ) | 185,925 | ||||||||||
|
Add: Non-operating
income
|
877,208 | 90,269 | 750,133 | 88,284 | ||||||||||||
|
Less: Non-operating
expenses
|
(2,942 | ) | (4,470 | ) | (2,851 | ) | (3,585 | ) | ||||||||
|
In which: Loss on disposal
of
|
||||||||||||||||
|
non-current
assets
|
||||||||||||||||
|
3. Total
(loss)/profit
|
23,910 | 225,667 | 115,975 | 270,624 | ||||||||||||
|
Less: Income
tax
|
(12,510 | ) | (19,731 | ) | - | - | ||||||||||
|
4. Net
(loss)/profit
|
11,400 | 205,936 | 115,975 | 270,624 | ||||||||||||
|
Attributable to equity
holders
|
||||||||||||||||
|
of the parent
company
|
40,103 | 210,797 | 115,975 | 270,624 | ||||||||||||
|
Minority
interests
|
(28,703 | ) | (4,862 | ) | ||||||||||||
|
5. (Losses)/earnings per
share
|
||||||||||||||||
|
Basic (losses)/earnings per
share
|
0.01 | 0.04 | ||||||||||||||
|
Diluted (losses)/earnings per
share
|
0.01 | 0.04 | ||||||||||||||
Person-in-charge of the Company: Liu
Shaoyong Officer-in-charge of accounting: Ma
Xulun
Officer-in-charge of the accounting
department: Wu Yongliang
9
China Eastern Airlines Corporation
Limited
Combined and Parent Company’s Cash Flow Statement for January to March
2009
(Unaudited and unless otherwise stated,
amounts expressed in RMB’000)
|
Jan to Mar
|
Jan to Mar
|
|||||||||||||||
|
Jan to Mar
|
Jan to Mar
|
2009
|
2008
|
|||||||||||||
|
2009
|
2008
|
Parent
|
Parent
|
|||||||||||||
|
Items
|
Combined
|
Combined
|
company
|
company
|
||||||||||||
|
1. Cash flow generated from
operating activities
|
||||||||||||||||
|
Cash received from sales of goods
and provision
|
||||||||||||||||
|
of labour
services
|
8,400,215 | 11,525,866 | 6,622,755 | 8,815,475 | ||||||||||||
|
Other cash received related to
operating activities
|
832,283 | 120,963 | 782,019 | 110,773 | ||||||||||||
|
Subtotal: Cash inflow from
operating activities
|
9,232,498 | 11,646,829 | 7,404,774 | 8,926,248 | ||||||||||||
|
Cash paid for purchases of goods
and provision
|
||||||||||||||||
|
of labour
services
|
(6,440,010 | ) | (8,246,054 | ) | (4,616,383 | ) | (5,654,713 | ) | ||||||||
|
Cash paid to and for
staff
|
(1,451,950 | ) | (888,393 | ) | (1,085,563 | ) | (655,913 | ) | ||||||||
|
Taxes paid
|
(598,435 | ) | (515,437 | ) | (535,619 | ) | (435,454 | ) | ||||||||
|
Other cash paid related to
operating activities
|
(167,469 | ) | (871,562 | ) | (156,374 | ) | (964,325 | ) | ||||||||
|
Subtotal: Cash outflow from
operating activities
|
(8,657,864 | ) | (10,521,446 | ) | (6,393,939 | ) | (7,710,405 | ) | ||||||||
|
Net cash flow generated from
operating activities
|
574,634 | 1,125,383 | 1,010,835 | 1,215,843 | ||||||||||||
|
2. Cash flow generated from
investing activities
|
||||||||||||||||
|
Refund of cash from
investments
|
- | - | - | - | ||||||||||||
|
Cash received from investment
gains
|
2,280 | 3,299 | - | 3,000 | ||||||||||||
|
Cash recovered from disposal of
fixed assets,
|
||||||||||||||||
|
intangible assets and
other long-term assets, net
|
2,079 | 1,677,156 | 2,079 | 1,706 | ||||||||||||
|
Other cash received related to
investing
activities
|
12,744 | 22,613 | 9,598 | 18,675 | ||||||||||||
|
Subtotal: Cash inflow from
investing activities
|
17,103 | 1,703,068 | 11,677 | 23,381 | ||||||||||||
|
Cash paid for acquisition of fixed
assets,
|
||||||||||||||||
|
intangible assets and
other long-term assets
|
(1,162,722 | ) | (1,109,190 | ) | (1,070,135 | ) | (1,062,720 | ) | ||||||||
|
Cash paid for
investments
|
||||||||||||||||
|
Other cash paid related to
investing activities
|
- | - | - | - | ||||||||||||
|
Subtotal: Cash outflow from
investing activities
|
(1,162,722 | ) | (1,109,190 | ) | (1,070,135 | ) | (1,062,720 | ) | ||||||||
|
Net cash flow generated from investing
activities
|
(1,145,619 | ) | 593,878 | (1,058,458 | ) | (1,039,339 | ) | |||||||||
10
China Eastern Airlines Corporation
Limited
Combined and Parent Company’s Cash Flow Statement for January to
March 2009 (Cont’d)
(Unaudited and unless otherwise stated,
amounts expressed in
RMB’000)
|
Jan to Mar
|
Jan to Mar
|
|||||||||||||||
|
Jan to Mar
|
Jan to Mar
|
2009
|
2008
|
|||||||||||||
|
2009
|
2008
|
Parent
|
Parent
|
|||||||||||||
|
Items
|
Combined
|
Combined
|
company
|
company
|
||||||||||||
|
3. Cash flow generated from fund
raising activities
|
||||||||||||||||
|
Cash received from
borrowings
|
8,086,018 | 7,174,268 | 6,436,169 | 5,998,525 | ||||||||||||
|
Other cash received related to
fund raising activities
|
202,884 | 458,751 | 195,265 | 458,751 | ||||||||||||
|
Subtotal: Cash inflow from fund
raising activities
|
8,288,902 | 7,633,019 | 6,631,434 | 6,457,276 | ||||||||||||
|
Cash paid for debt
repayment
|
(7,211,850 | ) | (4,569,368 | ) | (5,285,524 | ) | (3,711,408 | ) | ||||||||
|
Cash paid for distribution of
dividends and
|
||||||||||||||||
|
profits or interest
payment
|
(671,549 | ) | (649,117 | ) | (588,938 | ) | (524,003 | ) | ||||||||
|
In which: Dividends and profits
paid to minority
|
||||||||||||||||
|
shareholders by
subsidiaries
|
- | (1,088 | ) | - | - | |||||||||||
|
Other cash paid related to fund
raising activities
|
(959,518 | ) | (1,669,035 | ) | (935,364 | ) | (1,552,455 | ) | ||||||||
|
Subtotal: Cash outflow from fund
raising activities
|
(8,842,917 | ) | (6,887,520 | ) | (6,809,826 | ) | (5,787,866 | ) | ||||||||
|
Net cash flow generated from fund
raising activities
|
(554,015 | ) | 745,499 | (178,392 | ) | 669,410 | ||||||||||
|
4. Effects of exchange rate
changes on cash and cash equivalents
|
(11,206 | ) | (17,650 | ) | (7,923 | ) | (16,208 | ) | ||||||||
|
5. Net increase/(decrease) in cash
and cash equivalents
|
(1,136,206 | ) | 2,447,110 | (233,938 | ) | 829,706 | ||||||||||
|
Add: Balance of cash and cash
equivalents
|
||||||||||||||||
|
at the beginning of
the year
|
3,451,010 | 1,987,485 | 2,361,940 | 1,109,833 | ||||||||||||
|
6. Balance of cash and cash
equivalents at the end of the
year
|
2,314,804 | 4,434,595 | 2,128,002 | 1,939,539 | ||||||||||||
Person-in-charge of the Company: Liu
Shaoyong Officer-in-charge of accounting: Ma
Xulun
Officer-in-charge of the accounting
department: Wu Yongliang
11