Audited Financial Statement for the Year of 2001

Balance sheet at 31 December 2001
(in Patacas)

2001

2000

2001

2000

Account
Codes


Cost

Accumulated
depreciation
and provisions


Net book
value


Account
Codes

Assets Shareholders’ equity
     
Fixed assets

51

Capital 400,000,000

400,000,000

41

Investment

1,500,000

-

1,500,000

1,500,000

 
Reserves and retained earnings

42

Tangible assets

710,811,862

233,220,356

477,591,506

495,857,914

56

Legal reserve 20,678,751
13,075,548

43

Intangible assets

955,440

929,117

26,323

165,531

59

Accumulated losses 82,113,767
(27,457,720)

711,767,302

234,149,473

477,617,829

496,023,445

839

Prior year adjustment -
13,095,617

88

Profit for the year 76,032,032
105,599,622
Current assets

89

Transfer to legal reserve (7,603,203)
(9,123,752)

32

Stock

48,229,634

-

48,229,634

50,413,856

Total shareholders'equity 571,221,347
495,189,315
 
Accounts receivable - non-current Liabilities

26

Deposits

75,705,452

-

75,705,452

61,546,006

27

Deferred expenditure

559,599

-

559,599

961,753

Provision for risks and charges

76,265,051

-

76,265,051

62,507,759

29
 Provision for taxation 12,584,108

3,189,556

Accounts receivable – current Long term liabilities

21

Trade receivables

106,601,312

4,523,306

102,078,006

116,523,710

23
 Bank loans 234,710,928

262,077,411

22

Advances to suppliers

7,544,049

-

7,544,049

11,292,841

27

Accrued expense 57,432,764

54,774,683

25

Amount due from related companies

121,614

-

121,614

175,881

  292,143,692
316,852,094

26

Other receivables

6,013,699

-

6,013,699

4,572,890

Current liabilities

27

Prepaid expenses

51,658,896

-

51,658,896

24,660,364

21

Receipts in advance 117,395,302
121,152,379

171,939,570

4,523,306

167,416,264

157,225,686

22

Trade payable 95,398,755
105,697,531

23

Bank loans 27,402,095
25,467,015
Cash at bank and in hand

24

State public sector 4,004,390
3,885,362

13

Term deposits

362,598,871

-

362,598,871

383,536,231

25

Amount due to related companies 26,672,698
18,993,369

12

Demand deposits

91,854,667

-

91,854,667

49,245,526

26

Other creditors 55,130,760
72,328,481

11

Cash in hand

10,786,364

-

10,786,364

699,039

27

Accrued expenses 34,315,533
38,396,440

465,239,902

-

465,239,902

433,480,796

360,319,533
385,920,577
Total liabilities 665,047,333
705,962,227
Total depreciation

234,149,473

Total provisions

4,523,306

Total assets

1,474,941,459

238,672,779

1,236,268,680

1,201,151,542

Total equity and liabilities 1,236,268,680

1,201,151,542

 

　

 

Profit and loss account for the year ended 31 December 2001
(in Patacas)

Account Codes

Account
Codes

2001

2000

2001

2000

Expenses Income

63

Third party supplies and services

1,302,868,521

1,127,632,876

72

Services rendered

1,595,106,723

1,437,885,166

64

Taxes

3,718

5,882

75

Supplementary receipts

66,701,973

53,055,343

65

Personnel expenses

77

Financial income

41,142,695

40,953,603

- Remuneration

177,614,184

155,199,406

1,702,951,391

1,531,894,112

- Other personnel expenses

49,914,389

44,563,867

66

Financial expenses
- Interest

20,405,295

22,296,001

- Other financial expenses

887,980

841,252

67

Other expenses and charges

9,250,951

7,272,416

68

Depreciation and amortisation

57,732,207

65,576,241

69

Provisions  

3,844,001

1,618,677,245 1,427,231,942
               

82

Extraordinary expenses

6,096,437

958,482

82

Extraordinary income

8,035,402

5,098,590

83

Profit tax

10,181,079

3,202,656

   

1,634,954,761 1,431,393,080
   
Profit for the year

76,032,032

105,599,622

       

1,710,986,793

1,536,992,702

1,710,986,793

1,536,992,702

 

Chief Executive OfficerDirector of Finance

Zhang Hongying Wen Xiaoli