REG - China Pet &Chem Corp - Half-year Report <Origin Href="QuoteRef">600028.SS</Origin> - Part 10
29/08/2017 07:08
- Part 10: For the preceding part double click ID:nRSc0740Pi
million RMB million
Carrying amount 95,840 110,969
Fair value 95,676 109,308
95,676
109,308
The Group has not developed an internal valuation model necessary to make the estimate of the fair value of loans from
Sinopec Group Company and fellow subsidiaries as it is not considered practicable to estimate their fair value because the
cost of obtaining discount and borrowing rates for comparable borrowings would be excessive based on the Reorganisation of
the Group, its existing capital structure and the terms of the borrowings.
Other unquoted equity investments are individually and in the aggregate not material to the Group's financial position or
results of operations. There are no listed market prices for such interests in the PRC and, accordingly, a reasonable
estimate of fair value could not be made without incurring excessive costs. The Group intends to hold these unquoted equity
investments for long term purpose.
Except for the above items, the financial assets and liabilities of the Group are carried at amounts not materially
different from their fair values at 30 June 2017 and 31 December 2016.
59 BASIC AND DILUTED EARNINGS PER SHARE
(i) Basic earnings per share
Basic earnings per share is calculated by the net profit attributable to equity shareholders of the Company and the
weighted average number of outstanding ordinary shares of the Company:
Six-month periods ended 30 June
2017 2016
Net profit attributable to equity shareholders of the Company (RMB million) 27,092 19,250
Weighted average number of outstanding ordinary shares of the Company (million) 121,071 121,071
Basic earnings per share (RMB/share) 0.224 0.159
Basic earnings per share (RMB/share)
0.224
0.159
The calculation of the weighted average number of ordinary shares is as follows:
Six-month periods ended 30 June
2017 2016
Weighted average number of outstanding ordinary shares of the Company at 1 January (million) 121,071 121,071
Weighted average number of outstanding ordinary shares of the Company at 30 June (million) 121,071 121,071
121,071
121,071
(ii) Diluted earnings per share
Diluted earnings per share is calculated by the net profit attributable to equity shareholders of the Company (diluted) and
the weighted average number of ordinary shares of the Company (diluted):
Six-month periods ended 30 June
2017 2016
Net profit attributable to equity shareholders of the Company (diluted) (RMB million) 27,090 19,248
Weighted average number of outstanding ordinary shares of the Company (diluted) (million) 121,071 121,071
Diluted earnings per share (RMB/share) 0.224 0.159
Diluted earnings per share (RMB/share)
0.224
0.159
The calculation of the weighted average number of ordinary shares (diluted) is as follows:
Six-month periods ended 30 June
2017 2016
The weighted average number of the ordinary shares issued at 30 June (million) 121,071 121,071
Weighted average number of the ordinary shares issued at 30 June (diluted) (million) 121,071 121,071
121,071
121,071
60 RETURN ON NET ASSETS AND EARNINGS PER SHARE
In accordance with "Regulation on the Preparation of Information Disclosures of Companies Issuing Public Shares No.9 -
Calculation and Disclosure of the Return on Net Assets and Earnings Per Share" (2010 revised) issued by the CSRC and
relevant accounting standards, the Group's return on net assets and earnings per share are calculated as follows:
Six-month periods ended 30 June 2017 2016
Weightedaveragereturn onnet assets Basicearningsper share Dilutedearningsper share Weightedaveragereturn onnet assets Basicearningsper share Dilutedearningsper share
(%) (RMB/Share) (RMB/Share) (%) (RMB/Share) (RMB/Share)
Net profit attributable to the Company's ordinary 3.79 0.224 0.224 2.81 0.159 0.159
equity shareholders
Net profit deducted extraordinary gains and losses attributable to the Company's ordinary 3.65 0.216 0.216 2.67 0.151 0.151
equity shareholders
3.65
0.216
0.216
2.67
0.151
0.151
report of the International Auditor
Independent Auditor's Report
To the Shareholders of China Petroleum & Chemical Corporation
(incorporated in the People's Republic of China with limited liability)
Opinion
What we have audited
The consolidated financial statements of China Petroleum & Chemical Corporation (the "Company") and its subsidiaries (the
"Group") set out on pages 106 to 154, which comprise:
‧ the consolidated balance sheet as at 30 June 2017;
‧ the consolidated income statement for the six-month period then ended;
‧ the consolidated statement of comprehensive income for the six-month period then ended;
‧ the consolidated statement of changes in equity for the six-month period then ended;
‧ the consolidated statement of cash flows for the six-month period then ended; and
‧ the notes to the consolidated financial statements, which include a summary of significant accounting policies.
Our opinion
In our opinion, the consolidated financial statements give a true and fair view of the consolidated financial position of
the Group as at 30 June 2017, and of its consolidated financial performance and its consolidated cash flows for the
six-month period then ended in accordance with International Financial Reporting Standards ("IFRSs") as issued by the
International Accounting Standard Board.
Basis for Opinion
We conducted our audit in accordance with Hong Kong Standards on Auditing ("HKSAs") issued by the Hong Kong Institute of
Certified Public Accountants ("HKICPA"). Our responsibilities under those standards are further described in the Auditor's
Responsibilities for the Audit of the Consolidated Financial Statements section of our report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Independence
We are independent of the Group in accordance with the HKICPA's Code of Ethics for Professional Accountants (the "Code"),
and we have fulfilled our other ethical responsibilities in accordance with the Code.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the
consolidated financial statements of the current period. These matters were addressed in the context of our audit of the
consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion
on these matters.
The key audit matter identified in our audit is "Recoverability of the carrying amount of oil and gas properties".
Key Audit Matter How our audit addressed the Key Audit Matter
Recoverability of the carrying amount of oil and gas properties Refer to note 14 "PROPERTY, PLANT AND EQUIPMENT" to the consolidated financial statements. As at 30 June 2017, the carrying amount of oil and gas properties amounted to RMB 192,287 million. Low crude oil prices gave rise to possible indication that the carrying amount of oil and gas properties as at 30 June 2017 might be impaired. The Group has adopted values in use as the respective recoverable amounts of the oil and gas properties, which involved key estimations or assumptions including: - Future crude oil prices; - Future production profiles; - Future cost profiles; and - Discount rates. Because of the significance of the carrying amount of oil and gas properties as at 30 June 2017, together with the use of significant estimations or assumptions in determining their respective values in use, we had placed our audit emphasis on this matter. In auditing the respective values in use calculations of the relevant oil and gas properties, we have performed the following key procedures on the relevant discounted cash flow projections prepared by management: ‧ Evaluated and tested the key controls,
relating to the preparation of the discounted cash flow projections of oil and gas properties. ‧ Compared estimates of future crude oil prices adopted by the Group against a range of reputable published crude oil price forecasts. ‧ Compared the future
production profiles against the oil and gas reserve estimation report approved by the management. Evaluated the competence, capability and objectivity of the management's experts engaged in estimating the oil and gas reserves. Assessed key estimations or
assumptions used in the reserve estimation, by reference to historical data, management plans and/or reputable external data. ‧ Compared the future cost profiles against historical costs or relevant budgets of the Group. ‧ Independently estimated a
range of discount rates, and found that the discount rates adopted by management were within the range. ‧ Tested selected other key data inputs, such as natural gas prices and production profiles in the projections by reference to historical data and/or
relevant budgets of the Group. ‧ Assessed the methodology adopted in, and tested mathematical accuracy of, the discounted cash flow projections. ‧ Evaluated the sensitivity analyses prepared by the Group, and assessed the potential impacts of a range
of possible outcomes. Based on our work, we found the key assumptions and input data adopted were supported by the evidence we gathered and consistent with our expectations.
Other Information
The directors of the Company are responsible for the other information. The other information comprises all of the
information included in the 2017 interim report other than the consolidated financial statements and our auditor's report
thereon.
Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of
assurance conclusion thereon.
In connection with our audit of the consolidated financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact. We have nothing to report in this regard.
Responsibilities of Directors and Those Charged with Governance for the Consolidated Financial Statements
The directors of the Company are responsible for the preparation of the consolidated financial statements that give a true
and fair view in accordance with IFRSs, and for such internal control as the directors determine is necessary to enable the
preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, the directors are responsible for assessing the Group's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis
of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic
alternative but to do so.
Those charged with governance are responsible for overseeing the Group's financial reporting process.
Auditor's Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. We
report our opinion solely to you, as a body, and for no other purpose. We do not assume responsibility towards or accept
liability to any other person for the contents of this report. Reasonable assurance is a high level of assurance, but is
not a guarantee that an audit conducted in accordance with HKSAs will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial
statements.
As part of an audit in accordance with HKSAs, we exercise professional judgment and maintain professional scepticism
throughout the audit. We also:
‧ Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud
or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
‧ Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's
internal control.
‧ Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related
disclosures made by the directors.
‧ Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on
the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to
draw attention in our auditor's report to the related disclosures in the consolidated financial statements or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date
of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
‧ Evaluate the overall presentation, structure and content of the consolidated financial statements, including the
disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner
that achieves fair presentation.
‧ Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities
within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction,
supervision and performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit
and significant audit findings, including any significant deficiencies in internal control that we identify during our
audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements
regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to
bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance
in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We
describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or
when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the
adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such
communication.
The engagement partner on the audit resulting in this independent auditor's report is HON CHONG HENG.
PricewaterhouseCoopers
Certified Public Accountants
Hong Kong, 25 August 2017
(B) FINANCIAL STATEMENTS PREPARED UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS ("IFRS")
CONSOLIDATED INCOME STATEMENT
for the six-month period ended 30 June 2017
(Amounts in million, except per share data)
Note Six-month periods ended 30 June
2017 2016
RMB RMB
Turnover and other operating revenues
Turnover 3 1,137,828 856,796
Other operating revenues 4 28,009 22,424
1,165,837 879,220
Operating expenses
Purchased crude oil, products and operating supplies and expenses (887,028) (615,419)
Selling, general and administrative expenses 5 (30,131) (33,056)
Depreciation, depletion and amortisation (55,217) (49,105)
Exploration expenses, including dry holes (4,542) (4,730)
Personnel expenses 6 (31,328) (29,063)
Taxes other than income tax 7 (116,297) (112,831)
Other operating (expense)/income, net 8 (1,985) 92
Total operating expenses (1,126,528) (844,112)
Operating profit 39,309 35,108
Finance costs
Interest expense 9 (3,979) (5,164)
Interest income 2,457 1,358
Foreign currency exchange gains/(losses), net 233 (478)
Net finance costs (1,289) (4,284)
Investment income 286 99
Share of profits less losses from associates and joint ventures 17, 18 7,651 4,598
Profit before taxation 45,957 35,521
Tax expense 10 (8,915) (8,379)
Profit for the period 37,042 27,142
Attributable to:
Shareholders of the Company 27,915 19,919
Non-controlling interests 9,127 7,223
Profit for the period 37,042 27,142
Earnings per share: 13
Basic 0.231 0.165
Diluted 0.231 0.165
Profit for the period
37,042
27,142
Attributable to:
Shareholders of the Company
27,915
19,919
Non-controlling interests
9,127
7,223
Profit for the period
37,042
27,142
Earnings per share:
13
Basic
0.231
0.165
Diluted
0.231
0.165
The notes on pages 113 to 154 form part of these consolidated interim financial statements. Details of dividends payable to
shareholders of the Company attributable to the profit for the period are set out in Note 11.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
for the six-month period ended 30 June 2017
(Amounts in million)
Note Six-month periods ended 30 June
2017 2016
RMB RMB
Profit for the period 37,042 27,142
Other comprehensive income: 12
Items that may be reclassified subsequently to profit or loss
(net of tax and after reclassification adjustments):
Cash flow hedges 162 1,767
Available-for-sale securities (7) (33)
Share of other comprehensive income of associates and joint ventures 277 99
Foreign currency translation differences (1,542) 987
Total items that may be reclassified subsequently to profit or loss (1,110) 2,820
Total other comprehensive income (1,110) 2,820
Total comprehensive income for the period 35,932 29,962
Attributable to:
Shareholders of the Company 27,273 24,902
Non-controlling interests 8,659 5,060
Total comprehensive income for the period 35,932 29,962
Shareholders of the Company
27,273
24,902
Non-controlling interests
8,659
5,060
Total comprehensive income for the period
35,932
29,962
The notes on pages 113 to 154 form part of these consolidated interim financial statements.
CONSOLIDATED BALANCE SHEET
As at 30 June 2017
(Amounts in million)
Note 30 June 31 December
2017 2016
RMB RMB
Non-current assets
Property, plant and equipment, net 14 652,294 690,594
Construction in progress 15 119,548 129,581
Goodwill 16 6,325 6,353
Interest in associates 17 68,102 66,116
Interest in joint ventures 18 54,194 50,696
Available-for-sale financial assets 19 11,325 11,408
Deferred tax assets 25 9,761 7,214
Lease prepayments 20 53,981 54,241
Long-term prepayments and other assets 21 77,849 70,145
Total non-current assets 1,053,379 1,086,348
Current assets
Cash and cash equivalents 129,127 124,468
Time deposits with financial institutions 31,695 18,029
Trade accounts receivable 22 50,560 50,289
Bills receivable 22 9,819 13,197
Inventories 23 167,058 156,511
Prepaid expenses and other current assets 24 45,900 49,767
Total current assets 434,159 412,261
Current liabilities
Short-term debts 26 43,906 56,239
Loans from Sinopec Group Company and fellow subsidiaries 26 22,969 18,580
Trade accounts payable 27 170,116 174,301
Bills payable 27 6,162 5,828
Accrued expenses and other payables 28 214,064 224,544
Income tax payable 5,192 6,051
Total current liabilities 462,409 485,543
Net current liabilities 28,250 73,282
Total assets less current liabilities 1,025,129 1,013,066
Non-current liabilities
Long-term debts 26 70,997 72,674
Loans from Sinopec Group Company and fellow subsidiaries 26 44,832 44,772
Deferred tax liabilities 25 6,146 7,661
Provisions 29 40,207 39,298
Other long-term liabilities 18,356 17,426
Total non-current liabilities 180,538 181,831
844,591 831,235
Equity
Share capital 30 121,071 121,071
Reserves 596,618 589,923
Total equity attributable to shareholders of the Company 717,689 710,994
Non-controlling interests 126,902 120,241
Total equity 844,591 831,235
6,146
7,661
Provisions
29
40,207
39,298
Other long-term liabilities
18,356
17,426
Total non-current liabilities
180,538
181,831
844,591
831,235
Equity
Share capital
30
121,071
121,071
Reserves
596,618
589,923
Total equity attributable to shareholders of the Company
717,689
710,994
Non-controlling interests
126,902
120,241
Total equity
844,591
831,235
Approved and authorised for issue by the board of directors on 25 August 2017.
Wang Yupu Dai Houliang Wang Dehua
Chairman Vice Chairman, President Chief Financial Officer
(Legal representative)
The notes on pages 113 to 154 form part of these consolidated interim financial statements.
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
for the six-month period ended 30 June 2017
(Amounts in million)
Total equity
Sharecapital Capitalreserve Sharepremium Statutorysurplusreserve Discretionarysurplusreserve Otherreserves Retainedearnings attributable toshareholdersof theCompany Non-controllinginterests Totalequity
RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB
Balance at 31 December 2015 121,071 26,173 55,850 79,640 117,000 (6,781) 281,076 674,029 110,190 784,219
Contribution from SAMC in the Acquisition of - 2,168 - - - - - 2,168 1,774 3,942
Gaoqiao Branch of SAMC (Note 1)
Balance at 1 January 2016 121,071 28,341 55,850 79,640 117,000 (6,781) 281,076 676,197 111,964 788,161
Profit for the period - - - - - - 19,919 19,919 7,223 27,142
Other comprehensive income (Note 12) - - - - - 4,983 - 4,983 (2,163) 2,820
Total comprehensive income for the period - - - - - 4,983 19,919 24,902 5,060 29,962
Transactions with owners,
recorded directly in equity:
Contributions by and
distributions to owners:
Final dividend for 2015 (Note 11) - - - - - - (7,264) (7,264) - (7,264)
Contributions to subsidiaries from - 1 - - - - - 1 74 75
non-controlling interests
Distributions to non-controlling - - - - - - - - (2,194) (2,194)
interests
Profit distribution to SAMC (Note 1) - - - - - - (47) (47) (39) (86)
Distribution to SAMC in the Acquisition of Gaoqiao Branch - (2,137) - - - - - (2,137) 2,137 -
of SAMC (Note 1)
Total contributions by and distributions to owners - (2,136) - - - - (7,311) (9,447) (22) (9,469)
Total transactions with owners - (2,136) - - - - (7,311) (9,447) (22) (9,469)
Others - (10) - - - 620 (620) (10) (10) (20)
Balance at 30 June 2016 121,071 26,195 55,850 79,640 117,000 (1,178) 293,064 691,642 116,992 808,634
(2,136)
-
-
-
-
(7,311)
(9,447)
(22)
(9,469)
Total transactions with owners
-
(2,136)
-
-
-
-
(7,311)
(9,447)
(22)
(9,469)
Others
-
(10)
-
-
-
620
(620)
(10)
(10)
(20)
Balance at 30 June 2016
121,071
26,195
55,850
79,640
117,000
(1,178)
293,064
691,642
116,992
808,634
The notes on pages 113 to 154 form part of these consolidated interim financial statements.
Total equity
Sharecapital Capitalreserve Sharepremium Statutorysurplusreserve Discretionarysurplusreserve Otherreserves Retainedearnings attributable toshareholdersof theCompany Non-controllinginterests Totalequity
RMB RMB RMB RMB RMB RMB RMB RMB RMB RMB
Balance at 1 January 2017 121,071 26,290 55,850 79,640 117,000 424 310,719 710,994 120,241 831,235
Profit for the period - - - - - - 27,915 27,915 9,127 37,042
Other comprehensive income (Note 12) - - - - - (642) - (642) (468) (1,110)
Total comprehensive income for the period - - - - - (642) 27,915 27,273 8,659 35,932
Transactions with owners,
recorded directly in equity:
Contributions by and
distributions to owners:
Final dividend for 2016 (Note 11) - - - - - - (20,582) (20,582) - (20,582)
Contributions to subsidiaries from - - - - - - - - 341 341
non-controlling interests
Distributions to non-controlling - - - - - - - - (2,341) (2,341)
interests
Total contributions by and distributions to owners - - - - - - (20,582) (20,582) (2,000) (22,582)
Total transactions with owners - - - - - - (20,582) (20,582) (2,000) (22,582)
Others - 4 - - - 774 (774) 4 2 6
Balance at 30 June 2017 121,071 26,294 55,850 79,640 117,000 556 317,278 717,689 126,902 844,591
Total transactions with owners
-
-
-
-
-
-
(20,582)
(20,582)
(2,000)
(22,582)
Others
-
4
-
-
-
774
(774)
4
2
6
Balance at 30 June 2017
121,071
26,294
55,850
79,640
117,000
556
317,278
717,689
126,902
844,591
Note:
(a) According to the PRC Company Law and the Articles of Association of the Company, the Company is required to transfer
10% of its net profit determined in accordance with the accounting policies complying with Accounting Standards for
Business Enterprises ("ASBE"), adopted by the Group to statutory surplus reserve. In the event that the reserve balance
reaches 50% of the registered capital, no transfer is required. The transfer to this reserve must be made before
distribution of a dividend to shareholders. Statutory surplus reserve can be used to make good previous years' losses, if
any, and may be converted into share capital by issuing of new shares to shareholders in proportion to their existing
shareholdings or by increasing the par value of the shares currently held by them, provided that the balance after such
issue is not less than 25% of the registered capital.
(b) The usage of the discretionary surplus reserve is similar to that of statutory surplus reserve.
(c) As at 30 June 2017, the amount of retained earnings available for distribution was RMB 168,031 million (2016: RMB
174,573 million), being the amount determined in accordance with ASBE. According to the Articles of Association of the
Company, the amount of retained earnings available for distribution to shareholders of the Company is lower of the amount
determined in accordance with the accounting policies complying with ASBE and the amount determined in accordance with the
accounting policies complying with International Financial Reporting Standards ("IFRS").
(d) The capital reserve represents (i) the difference between the total amount of the par value of shares issued and the
amount of the net assets transferred from Sinopec Group Company in connection with the Reorganisation (Note 1); and (ii)
the difference between the considerations paid over or received the amount of the net assets of entities and related
operations acquired from or sold to Sinopec Group Company and non-controlling interests.
(e) The application of the share premium account is governed by Sections 167 and 168 of the PRC Company Law.
The notes on pages 113 to 154 form part of these consolidated interim financial statements.
CONSOLIDATED STATEMENT OF CASH FLOWS
for the six-month period ended 30 June 2017
(Amounts in million)
Note Six-month periods ended 30 June
2017 2016
RMB RMB
Net cash generated from operating activities (a) 60,847 76,112
Investing activities
Capital expenditure (26,351) (30,086)
Exploratory wells expenditure (2,391) (1,267)
Purchase of investments, investments in associates and investments in joint ventures 17, 18 (3,270) (14,393)
Proceeds from disposal of investments and investments in associates 718 19,938
Proceeds from disposal of property, plant, equipment and other non-current assets 216 306
Increase in time deposits with maturities over three months (32,474) (3,003)
Decrease in time deposits with maturities over three months 18,808 -
Interest received 1,347 987
Investment and dividend income received 3,395 1,459
Net cash used in investing activities (40,002) (26,059)
Financing activities
Proceeds from bank and other loans 269,008 262,851
Repayments of bank and other loans (279,559) (293,977)
Contributions to subsidiaries from non-controlling interests 331 192
Dividends paid by the Company - (7,264)
Distributions by subsidiaries to non-controlling interests (2,608) (3,469)
Interest paid (3,210) (4,263)
- More to follow, for following part double click ID:nRSc0740PkRecent news on China Petroleum & Chemical
See all newsREG - Official List - Removal - China Petroleum & Chemical Corporation
AnnouncementREG - Stock Exch Notice China Pet &Chem Corp - Cancellation - China Petroleum & Chemical Corp
AnnouncementREG - China Pet &Chem Corp - 3rd Quarter Results
AnnouncementREG - China Pet &Chem Corp - Statement re Intention to Delist ADSs from the LSE
AnnouncementREG - China Pet &Chem Corp - Half-year Report
Announcement