曝光台 注意防骗
网曝天猫店富美金盛家居专营店坑蒙拐骗欺诈消费者
in note 53 to the financial statements prepared under
IFRSs.
CHINA SOUTHERN AIRLINES COMPANY LIMITED • ANNUAL REPORT 2009 Report of the Dir 23 ectors
The Board hereby presents this Annual Report and the audited financial statements for the year ended 31 December 2009 of the Group to the shareholders of the Company.
PRINCIPAL ACTIVITIES, OPERATING RESULTS AND FINANCIAL POSITION
The Group is principally engaged in airline operations. The Group also operates certain airline related businesses, including provision of aircraft maintenance and air catering services. The Group is one of the largest airlines in China. In 2009, the Group ranked first among all Chinese airlines in terms of number of passengers carried, number of scheduled
flights per week, number of hours flown, number of routes and size of aircraft fleet. The Group has prepared the
financial statements for the year ended 31 December 2009 in accordance with IFRSs. Please refer to pages 46 to 138 of this Annual Report for details.
FIVE-YEAR SUMMARY
A summary of the results and the assets and liabilities of the Group prepared under IFRSs for the five-year period ended
31 December 2009 are set out on pages 141 and 142 of this Annual Report.
DIVIDENDS
No interim dividend was paid during the year ended 31 December 2009 (2008: Nil).
The Board does not recommend the payment of a final dividend in respect of the year ended 31 December 2009 (2008: Nil).
BANK LOANS, short term financing bills AND OTHER BORROWINGS
Details of the bank loans, short term financing bills and other borrowings of the Company and the Group are set out in notes 35, 36 and 37 to the financial statements prepared under IFRSs.
INTEREST CAPITALISATION
For the year ended 31 December 2009, RMB441 million (2008: RMB674 million) was capitalised as the cost of construction in progress and property, plant and equipment in the financial statements prepared under IFRSs.
PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment of the Company and the Group and movements of property, plant and equipment during
the year ended 31 December 2009 are set out in note 21 to the financial statements prepared under IFRSs.
MAJOR CUSTOMERS AND SUPPLIERS
The Group’s purchases from the largest supplier for the year represented approximately 23.8% of the Group’s total purchases. Purchases from the five largest suppliers accounted for an aggregate of approximately 33.8% of the
Group’s total purchases in 2009. At no time during the year have the directors, their associates or any shareholder of the Company (which to the knowledge of the directors owns more than 5% of the Company’s share capital) had any interest in these five largest suppliers.
The Group’s aggregate turnover with its five largest customers did not exceed 30% of the Group’s total turnover in
2009.
CHINA SOUTHERN AIRLINES COMPANY LIMITED • ANNUAL REPORT 2009
中国航空网 www.aero.cn
航空翻译 www.aviation.cn
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China Southern Airlines Company Limited Annual Report 2009(17)
