|
|
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 2010
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 ¨ 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): ¨
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): ¨
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: ¨ 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
19,
2010
|
By
|
/s/ Luo Zhuping
|
|
|
Name:
Luo Zhuping
|
|||
|
Title:
Director and 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: 00670)
FIRST QUARTERLY REPORT 2010
|
This
announcement is made by 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.
The
financial statements of the Company for the first quarter of 2010 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 (the “Stock Exchange”) whose securities
are also listed on other stock exchange(s) to simultaneously inform the Stock
Exchange 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 (the “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 2010 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 responsibilities for the truthfulness, accuracy and completeness of
the contents of this report.
Directors who failed to attend the Board meeting are set out as follows:
|
Name of
the absent
Director
|
Position held
by the absent
Director
|
Reason given
by the absent
Director
|
Name of proxy
|
|||
|
Xie Rong
|
Independent Director
|
Failed to attend the meeting
|
Wu Xiaogen
|
|||
|
as he was on a business trip
|
||||||
|
Ji Weidong
|
Independent Director
|
Failed to attend the meeting
|
Sandy Ke-Yaw Liu
|
|||
|
as he was on a business trip
|
|
Name of person-in-charge of the Company
|
Mr. Liu Shaoyong, Chairman
|
|
Name of officer-in-charge of accounting
|
Mr. Ma Xulun, President
|
|
Name of officer-in-charge of the accounting
department (accounting officer)
|
Mr. Wu Yongliang, Chief Financial
Officer
|
Mr. Liu
Shaoyong, the Chairman and the person-in-charge of the Company, Mr. Ma Xulun,
the President and the officer-in-charge of accounting of the Company, and Mr. Wu
Yongliang, the chief financial officer and the officer-in-charge of the
accounting department (accounting officer) of the Company, hereby declare that
the financial statements forming part of this quarterly report are true and
complete.
|
2.
|
BASIC PARTICULARS OF THE COMPANY
|
|
2.1
|
Main accounting data and financial indicators
|
|
As at the
end of the
reporting
period
|
As at the end
of last year
|
Currency: RMB
Increase/
decrease as
at the end of
the reporting
period
compared
with the end
of last year
(%)
|
||||||||||
|
Total assets (RMB’000)
|
91,751,468.00 | 72,018,681.00 | 27.40 | |||||||||
|
Owners’ equity (or shareholders’
equity) (RMB’000)
|
2,185,215.00 | 3,103,585.00 | -29.59 | |||||||||
|
Net assets per share attributable to
the shareholders of listed company
(RMB per share)
|
0.19 | 0.32 | -40.63 | |||||||||
|
From the beginning of the
year to the end of
the reporting period
|
Increase/
decrease
compared
with the
same period
last year (%)
|
|||||||
|
Net cash flow generated from
operating activities (RMB’000)
|
3,285,868.00 | 471.82 | ||||||
|
Net cash flow generated from
operating activities per share
(RMB per share)
|
0.31 | 158.33 | ||||||
|
Reporting
period
|
From the
beginning of
the year to
the end of
the reporting
period
|
Increase/
decrease for
the reporting
period
compared
with the
same period
last year (%)
|
||||||||||
|
Net profit attributable to shareholders
of listed company (RMB’000)
|
769,909.00 | 769,909.00 | 1,819.83 | |||||||||
|
Basic earnings per share
(RMB per share)
|
0.0716 | 0.0716 | 795 | |||||||||
|
Basic earnings per share after non-
recurring profit and loss(RMB per share)
|
0.0702 | 0.0702 | N/A | |||||||||
|
Diluted earnings per share(RMB per share)
|
0.0716 | 0.0716 | 795 | |||||||||
|
Weighted average return on equity (%)
|
0.3255 | 0.3255 | N/A | |||||||||
|
Weighted average return on equity
after deducting non-recurring profit
and loss (%)
|
0.3189 | 0.3189 | N/A | |||||||||
|
Note :
|
The
earnings per share/cash flow generated from operating activities per share
of the Company in the first quarter of 2010 were calculated based on the
weighted average number of ordinary shares issued and outstanding of the
parent company, namely 10,749,256,000 shares, the per-share financial data
for the same period last year was calculated based on the then existing
4,866,950,000 shares. The net assets per share of the Company as at 31
March 2010 was calculated based on the number of ordinary shares of the
parent company issued and outstanding as at 31 March 2010, namely
11,276,538,860 shares, and the per- share financial data during the same
period in 2009 was calculated based on the then existing 4,866,950,000
shares.
|
After deducting non-recurring profit and loss and relevant amounts:
|
Items
|
Unit:’000
Currency: RMB
Amounts
|
|||
|
Gains or losses from disposal of non-current assets
|
7,018 | |||
|
Net gain on disposal of fixed assets held for sale
|
135 | |||
|
Non-operating incomes
|
12,443 | |||
|
Non-operating expenses
|
-3,866 | |||
|
Effect on income tax
|
-25 | |||
|
Effect on minority interests (net of tax)
|
-55 | |||
|
Total
|
15,650 | |||
|
2.2
|
The
total number of the Company’s shareholders and the shareholdings of the 10
largest holders of 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
|
197,786 | |||
Shareholding of the 10 largest holders of circulating shares not subject
to selling moratorium
|
Name of shareholders (in full)
|
Number of
circulating shares
not subject to
selling moratorium
held at the end of
the period
|
Class
|
|||
|
Overseas listed
|
|||||
|
HKSCC NOMINEES LIMITED
|
3,471,434,039 |
foreign shares
|
|||
|
上海聯合投資有限公司
|
502,400,262 |
RMB ordinary shares
|
|||
|
中銀集團投資有限公司
|
187,052,580 |
RMB ordinary shares
|
|||
|
錦江國際（集團）有限公司
|
111,446,058 |
RMB ordinary shares
|
|||
|
中國農業銀行－中郵核心成長股票型證券投資基金
|
80,395,658 |
RMB ordinary shares
|
|||
|
華夏成長證券投資基金
|
28,929,493 |
RMB ordinary shares
|
|||
|
中國農業銀行－中郵核心優選股票型證券投資基金
|
27,579,285 |
RMB ordinary shares
|
|||
|
中國銀行－易方達策略成長二號混合型證券投資基金
|
20,228,089 |
RMB ordinary shares
|
|||
|
中國銀行－易方達策略成長混合型證券投資基金
|
20,000,000 |
RMB ordinary shares
|
|||
|
上海輕工業對外經濟技術合作有限公司
|
18,574,343 |
RMB ordinary shares
|
|||
|
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
|
ü
Applicable o
Not applicable
Changes
in scope of consolidation had occurred during the reporting period: 上海航空有限責任公司 (Shanghai Airline
Company Limited) was newly added.
|
3.2
|
Analysis of the progress of other significant events and their effects and
proposed solutions
|
ü
Applicable o
Not applicable
On 10
July 2009, the Company entered into the “Share Exchange and Absorption
Agreement”
with 上海航空股份有限公司 (Shanghai Airlines
Co., Ltd) (“Shanghai
Airlines”). The Company
exchanged for a total of 1,303,722,200 shares of the total issued share capital
of Shanghai Airlines by issue of A shares at the rate of 1.3 A
shares of the Company in exchange of 1 share of Shanghai Airlines. On
30
December 2009, the Company received the “Reply Concerning Approval of Absorption
of Shanghai Airlines Co., Ltd by China Eastern Airlines Corporation Limited”
from CSRC in relation to the approval of the absorption of Shanghai Airlines by
the Company.
On 28
January 2010, the Company completed the share exchange with Shanghai Airlines.
During the share exchange, 1,694,838,860 shares were newly issued, in which
1,405,950,000 shares are listed shares without trading moratorium and
288,888,860 shares are listed shares with trading moratorium. Upon completion of
the share exchange, the share capital of the Company increased to
RMB11,276,538,860.
As the
absorption of Shanghai Airlines was just completed on 28 January 2010, the
Company is still in the process of determining the goodwill, the amount of which
will be timely disclosed once the amount is confirmed.
|
3.3
|
The
status of implementation of the matters undertaken by the Company,
shareholders and the ultimate
controller
|
ü
Applicable o
Not applicable
For the
related undertakings, please refer to the status of implementation of the
matters undertaken by the Company in full text of the Company’s Annual Report
2009.
There are no additional undertakings during the reporting period.
|
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
ü Not
applicable
|
3.5
|
Implementation
of cash dividend policy during the reporting
period
|
No
|
By order of the Board
|
|
|
China Eastern Airlines Corporation Limited
|
|
|
Liu Shaoyong
|
|
|
Chairman
|
The directors of the Company as at the date of this announcement are:
|
Liu
Shaoyong
|
(Chairman)
|
|
Li Jun
|
(Vice Chairman)
|
|
Ma Xulun
|
(Director, President)
|
|
Luo Chaogeng
|
(Director)
|
|
Luo Zhuping
|
(Director, Company Secretary)
|
|
Wu Baiwang
|
(Independent non-executive Director)
|
|
Xie Rong
|
(Independent non-executive Director)
|
|
Sandy Ke-Yaw Liu
|
(Independent non-executive Director)
|
|
Wu Xiaogen
|
(Independent non-executive Director)
|
|
Ji Weidong
|
(Independent non-executive Director)
|
Shanghai, the People’s Republic of China
19 April 2010
APPENDICES
China Eastern Airlines Corporation Limited
Consolidated and Company’s Balance Sheet as at 31 March 2010
(Unaudited and unless otherwise stated, amounts expressed in RMB’000)
|
|
31 March
2010
Consolidated
|
31 December
2009
Consolidated
|
31 March
2010
Company
|
31 December
2009
Company
|
||||||||||||
|
Assets
|
||||||||||||||||
|
Current assets
|
||||||||||||||||
|
Cash and cash equivalents
|
6,435,432 | 2,191,698 | 4,171,097 | 1,561,100 | ||||||||||||
|
Tradable financial assets
|
0 | 3,490 | 0 | 3,490 | ||||||||||||
|
Trade receivables
|
2,437,065 | 1,370,871 | 1,968,464 | 1,617,660 | ||||||||||||
|
Prepayments
|
885,546 | 377,399 | 371,871 | 324,272 | ||||||||||||
|
Dividends receivable
|
6,633 | 7,356 | 6,633 | 6,633 | ||||||||||||
|
Other receivables
|
2,607,939 | 1,530,172 | 3,214,627 | 2,580,267 | ||||||||||||
|
Flight equipment spare parts
|
1,290,866 | 932,260 | 766,995 | 752,047 | ||||||||||||
|
Other current assets
|
398,797 | 450,693 | 366,934 | 450,693 | ||||||||||||
|
Total current assets
|
14,062,278 | 6,863,939 | 10,866,621 | 7,296,162 | ||||||||||||
|
Non-current assets
|
||||||||||||||||
|
Available-for-sale financial assets
|
6,895 | 563 | 203 | 203 | ||||||||||||
|
Long-term equity investments
|
1,414,327 | 1,152,521 | 3,646,488 | 3,645,157 | ||||||||||||
|
Fixed assets
|
65,004,819 | 55,753,355 | 46,836,338 | 47,096,454 | ||||||||||||
|
Construction in progress
|
7,592,609 | 5,824,907 | 6,433,828 | 5,705,298 | ||||||||||||
|
Intangible assets
|
1,933,868 | 1,401,083 | 753,589 | 783,950 | ||||||||||||
|
Long-term deferred expenses
|
996,235 | 590,639 | 544,280 | 542,633 | ||||||||||||
|
Deferred tax assets
|
57,986 | 57,441 | 0 | 0 | ||||||||||||
|
Other non-current assets
|
682,451 | 374,233 | 278,843 | 278,623 | ||||||||||||
|
Total non-current assets
|
77,689,190 | 65,154,742 | 58,493,569 | 58,052,318 | ||||||||||||
|
Total assets
|
91,751,468 | 72,018,681 | 69,360,190 | 65,348,480 | ||||||||||||
Person-in-charge of the Company: Liu Shaoyong
Officer-in-charge of accounting: Ma Xulun
Officer-in-charge of the accounting department: Wu Yongliang
China Eastern Airlines Corporation Limited
Consolidated and Company’s Balance Sheet as at 31 March 2010 (Cont’d)
(Unaudited and unless otherwise stated, amounts expressed in RMB’000)
|
|
31 March
2010
Consolidated
|
31 December
2009
Consolidated
|
31 March
2010
Company
|
31 December
2009
Company
|
||||||||||||
|
Liabilities and shareholder’s equity
|
||||||||||||||||
|
Current liabilities
|
||||||||||||||||
|
Short-term borrowings
|
16,905,806 | 8,406,606 | 10,197,902 | 6,866,606 | ||||||||||||
|
Tradable financial liabilities
|
677,649 | 1,129,631 | 671,375 | 1,129,631 | ||||||||||||
|
Notes payable
|
7,433,138 | 4,970,274 | 6,462,787 | 4,936,372 | ||||||||||||
|
Trade payables
|
10,660,533 | 8,475,878 | 6,666,914 | 7,160,192 | ||||||||||||
|
Amounts received in advance
|
1,973,592 | 1,505,791 | 1,431,695 | 1,497,000 | ||||||||||||
|
Staff remuneration payable
|
1,755,781 | 1,882,586 | 1,402,284 | 1,593,580 | ||||||||||||
|
Tax payable
|
1,208,878 | 859,965 | 758,342 | 681,668 | ||||||||||||
|
Interests payable
|
141,925 | 133,966 | 101,288 | 119,923 | ||||||||||||
|
Other payables
|
1,922,241 | 1,446,826 | 1,794,371 | 1,446,487 | ||||||||||||
|
Non-current liabilities due within 1 year
|
7,907,454 | 6,851,518 | 4,929,969 | 5,637,650 | ||||||||||||
|
Total current liabilities
|
50,586,997 | 35,663,041 | 34,416,927 | 31,069,109 | ||||||||||||
|
Non-current liabilities
|
||||||||||||||||
|
Long-term borrowings
|
16,993,489 | 13,004,874 | 11,876,488 | 10,901,784 | ||||||||||||
|
Long-term amount payable
|
20,641,092 | 19,143,468 | 16,139,919 | 17,069,835 | ||||||||||||
|
Project amount payable
|
109,360 | 91,870 | 87,524 | 87,524 | ||||||||||||
|
Deferred income tax liabilities
|
52,788 | 51,539 | 0 | 0 | ||||||||||||
|
Deferred revenue
|
605,064 | 450,761 | 450,761 | 450,761 | ||||||||||||
|
Total non-current liabilities
|
38,401,793 | 32,742,512 | 28,554,692 | 28,509,904 | ||||||||||||
|
Total liabilities
|
88,988,790 | 68,405,553 | 62,971,619 | 59,579,013 | ||||||||||||
|
Shareholder’s equity
|
||||||||||||||||
|
Share capital
|
11,276,539 | 9,581,700 | 11,276,539 | 9,581,700 | ||||||||||||
|
Capital reserve
|
7,133,599 | 10,516,717 | 8,700,485 | 10,448,034 | ||||||||||||
|
Accumulated losses
|
(16,224,923 | ) | (16,994,832 | ) | (13,588,453 | ) | (14,260,267 | ) | ||||||||
|
Total parent company shareholder’s equity
|
2,185,215 | 3,103,585 | 6,388,571 | 5,769,467 | ||||||||||||
|
Minority interests
|
577,463 | 509,543 | 0 | 0 | ||||||||||||
|
Total shareholder’s equity
|
2,762,678 | 3,613,128 | 6,388,571 | 5,769,467 | ||||||||||||
|
Total liabilities and
shareholder’s equity
|
91,751,468 | 72,018,681 | 69,360,190 | 65,348,480 | ||||||||||||
Person-in-charge of the Company: Liu Shaoyong
Officer-in-charge of accounting: Ma Xulun
Officer-in-charge of the accounting department: Wu Yongliang
China
Eastern Airlines Corporation Limited
Consolidated
and Company’s Income Statement for the three months period ended 31
March 2010
(Unaudited
and unless otherwise stated, amounts expressed in RMB’000)
|
Jan
to
Mar 2010 Consolidated |
Jan
to
Mar 2009 Consolidated |
Jan
to
Mar 2010 Company |
Jan
to
Mar 2009 Company |
|||||||||||||
|
1.
Revenue
|
15,568,925 | 8,946,146 | 9,308,433 | 7,315,523 | ||||||||||||
|
Less: Operating cost
|
(12,962,167 | ) | (8,423,481 | ) | (7,768,207 | ) | (6,851,964 | ) | ||||||||
|
Taxes
and levies
|
(376,707 | ) | (219,091 | ) | (213,822 | ) | (171,584 | ) | ||||||||
|
Marketing
expenses
|
(1,073,718 | ) | (595,092 | ) | (649,081 | ) | (508,182 | ) | ||||||||
|
General
and administrative expenses
|
(470,922 | ) | (305,333 | ) | (257,063 | ) | (241,628 | ) | ||||||||
|
Finance
expenses, net
|
(388,635 | ) | (684,458 | ) | (236,766 | ) | (605,234 | ) | ||||||||
|
Impairment
loss
|
(8,516 | ) | (4,887 | ) | (8,259 | ) | (4,667 | ) | ||||||||
|
Add: Gain arising from change in fair value
|
463,498 | 421,959 | 451,768 | 421,959 | ||||||||||||
|
Investment
gain
|
1,443 | 13,881 | 2,857 | 14,470 | ||||||||||||
|
2.
Operating profit
|
753,201 | (850,356 | ) | 629,860 | (631,307 | ) | ||||||||||
|
Add: Non-operating income
|
62,925 | 877,208 | 45,612 | 750,133 | ||||||||||||
|
Less: Non-operating expenses
|
(4,226 | ) | (2,942 | ) | (3,658 | ) | (2,851 | ) | ||||||||
|
3.
Total profit
|
811,900 | 23,910 | 671,814 | 115,975 | ||||||||||||
|
Less: Income tax
|
(24,613 | ) | (12,510 | ) | 0 | – | ||||||||||
|
4.
Net profit
|
787,287 | 11,400 | 671,814 | 115,975 | ||||||||||||
|
– Attributable to equity holders of the parent company
|
769,909 | 40,103 | 671,814 | 115,975 | ||||||||||||
|
– Minority interests
|
17,378 | (28,703 | ) | |||||||||||||
|
5.
Earnings per share
|
||||||||||||||||
|
Basic earning per share
|
0.07 | 0.01 | ||||||||||||||
|
Diluted earning per share
|
0.07 | 0.01 | ||||||||||||||
Person-in-charge
of the Company: Liu Shaoyong
Officer-in-charge
of accounting: Ma Xulun
Officer-in-charge
of the accounting department: Wu Yongliang
China
Eastern Airlines Corporation Limited
Consolidated
and Company’s Cash Flow Statement for January to March 2010
(Unaudited
and unless otherwise stated, amounts expressed in RMB’000)
|
Items
|
Jan
to
Mar 2010 Consolidated |
Jan
to
Mar 2009 Company |
Jan
to
Mar 2010 Consolidated |
Jan
to
Mar 2009 Company |
||||||||||||
|
1.
Cash flow generated from operating activities
|
||||||||||||||||
|
Cash received from sales of goods and provision of labour
services
|
15,601,356 | 8,400,215 | 8,609,813 | 6,622,755 | ||||||||||||
|
Other cash received related to operating activities
|
245,774 | 832,283 | 83,723 | 782,019 | ||||||||||||
|
Subtotal: Cash inflow from operating activities
|
15,847,130 | 9,232,498 | 8,693,536 | 7,404,774 | ||||||||||||
|
Cash
paid for purchases of goods and provision of labour
services
|
(8,695,224 | ) | (6,440,010 | ) | (3,822,016 | ) | (4,616,383 | ) | ||||||||
|
Cash
paid to and for staff
|
(2,160,636 | ) | (1,451,950 | ) | (1,456,646 | ) | (1,085,563 | ) | ||||||||
|
Taxes
paid
|
(923,079 | ) | (598,435 | ) | (564,898 | ) | (535,619 | ) | ||||||||
|
Other
cash paid related to operating activities
|
(782,323 | ) | (167,469 | ) | (1,225,111 | ) | (156,374 | ) | ||||||||
|
Subtotal:
Cash outflow from operating activities
|
(12,561,262 | ) | (8,657,864 | ) | (7,068,671 | ) | (6,393,939 | ) | ||||||||
|
Net
cash flow generated from operating activities
|
3,285,868 | 574,634 | 1,624,865 | 1,010,835 | ||||||||||||
|
2.
Cash flow generated from investing activities
|
||||||||||||||||
|
Cash received from investment gains
|
591 | 2,280 | 976 | – | ||||||||||||
|
Cash recovered from disposal of fixed assets, intangible assets and other
long-term assets, net
|
13,961 | 2,079 | 8,087 | 2,079 | ||||||||||||
|
Other cash received related to investing activities
|
18,321 | 12,744 | 10,688 | 9,598 | ||||||||||||
|
Subtotal: Cash inflow from investing activities
|
32,873 | 17,103 | 19,751 | 11,677 | ||||||||||||
|
Cash paid for acquisition of fixed assets, intangible assets and other
long-term assets
|
(3,179,332 | ) | (1,162,722 | ) | (2,076,573 | ) | (1,070,135 | ) | ||||||||
|
Other cash paid related to investing activities
|
(7,492 | ) | – | (517 | ) | – | ||||||||||
|
Subtotal: Cash outflow from investing activities
|
(3,186,824 | ) | (1,162,722 | ) | (2,077,090 | ) | (1,070,135 | ) | ||||||||
|
Net cash flow generated from investing activities
|
(3,153,951 | ) | (1,145,619 | ) | (2,057,339 | ) | (1,058,458 | ) | ||||||||
China
Eastern Airlines Corporation Limited
Consolidated
and Company’s Cash Flow Statement for January to March 2010
(Cont’d)
(Unaudited
and unless otherwise stated, amounts expressed in RMB’000)
|
Items
|
Jan
to
Mar
2010
Consolidated
|
Jan
to
Mar
2009
Company
|
Jan
to
Mar
2010
Consolidated
|
Jan
to
Mar
2009
Company
|
||||||||||||
|
3.
Cash flow generated from fund raising activities
|
||||||||||||||||
|
Cash received from borrowings
|
10,587,663 | 8,086,018 | 6,791,180 | 6,436,169 | ||||||||||||
|
Other cash received related to fund raising activities
|
– | 202,884 | – | 195,265 | ||||||||||||
|
Subtotal: Cash inflow from fund raising activities
|
10,587,663 | 8,288,902 | 6,791,180 | 6,631,434 | ||||||||||||
|
Cash paid for debt repayment
|
(6,715,036 | ) | (7,211,850 | ) | (2,925,662 | ) | (5,285,524 | ) | ||||||||
|
Cash paid for distribution of dividends and profits or interest
payment
|
(413,584 | ) | (671,549 | ) | (265,343 | ) | (588,938 | ) | ||||||||
|
In which: Dividends and profits paid to minority shareholders by
subsidiaries
|
(3,378 | ) | – | – | – | |||||||||||
|
Other cash paid related to fund raising activities
|
(1,921,063 | ) | (959,518 | ) | (1,904,887 | ) | (935,364 | ) | ||||||||
|
Subtotal: Cash outflow from fund raising activities
|
(9,049,683 | ) | (8,842,917 | ) | (5,095,892 | ) | (6,809,826 | ) | ||||||||
|
Net cash flow generated from fund raising activities
|
1,537,980 | (554,015 | ) | 1,695,288 | (178,392 | ) | ||||||||||
|
4.
Effects of exchange rate changes on cash and cash
equivalents
|
1,835 | (11,206 | ) | 1,790 | (7,923 | ) | ||||||||||
|
5.
Net increase/(decrease) in cash and cash equivalents
|
1,671,732 | (1,136,206 | ) | 1,264,604 | (233,938 | ) | ||||||||||
|
Add: Balance of cash and cash equivalents at the beginning of the
year
|
2,902,813 | 3,451,010 | 1,118,230 | 2,361,940 | ||||||||||||
|
6.
Balance of cash and cash equivalents at the end of the
year
|
4,574,545 | 2,314,804 | 2,382,834 | 2,128,002 | ||||||||||||
Person-in-charge
of the Company: Liu Shaoyong
Officer-in-charge
of accounting: Ma Xulun
Officer-in-charge
of the accounting department: Wu Yongliang