H

00525 2017 2017 12 31 2017 2017 2018 3 28 www.hkexnews.hk http://www.gsrc.com H

2017 1 1 12 3112 2016 1 1 12 3112 A 1.00 H 1.00 ADS (Trustee) 50 H 571 014 015

2017 11 19

Guangshen Railway Company Limited 1052 1052 (86) 755-25588150 (86) 755-25588150 (86) 755-25591480 (86) 755-25591480 ir@gsrc.com ir@gsrc.com 1052 518010 1052 518010 http://www.gsrc.com ir@gsrc.com http://www.sse.com.cn http://www.hkexnews.hk http://www.gsrc.com 1052 016 017

A 601333 H 00525 ADS GSH 202 2 11 22 8 C 12 500 37 15 31 A 166 36 H 183 17 17121716 4 13 1 4

1996 3 6 1996 5 H 2006 12 A 2007 1 A 481.2 2017 12 31251 107 97 221013 11 1 1 13112 3 101 018 019

2009 12 2017 2016 (%) 2015 2014 2013 18,331,422 17,280,504 6.08 15,725,309 14,800,781 15,800,677 16,932,587 15,637,999 8.28 14,156,735 13,751,961 13,927,369 1,350,358 1,534,235 (11.98) 1,453,947 1,055,958 1,888,211 1,347,132 1,544,009 (12.75) 1,451,838 880,633 1,701,753 1,011,768 1,153,700 (12.30) 1,063,308 661,126 1,271,083 1,015,361 1,158,253 (12.34) 1,070,822 662,021 1,273,841 0.14 0.16 (12.50) 0.15 0.09 0.18 ADS 7.17 8.18 (12.35) 7.56 4.67 8.99 020 021

2017 2016 (%) 2015 2014 2013 33,994,238 32,870,258 3.42 31,943,272 30,536,663 33,231,989 5,337,157 4,840,203 10.27 4,499,010 3,750,203 6,537,624 28,684,677 28,054,058 2.25 27,462,488 26,745,843 26,650,544 4.05 3.96 2.27 3.88 3.78 3.76

2004 201712.7 2.5201730.39 9.6%29.18 10.1% 022 023

2017 2017 GDP 20116.9% GDP 80 82.71 30.39 9.6%29.18 10.1% 030 031

2017 8,513.32 0.28%1,586.42 3.31% 183.31 6.08%10.15 12.34% 0.14 2017 1 6 6 2017 0.08 57.14% 2017 2018 2018 GDP 2018 2018

2018 2018 3 28 032 033

2017183.31172.816.08% 77.57 18.94 76.44 10.37 42.32% 10.33% 41.70% 5.65% 13.5015.34 11.98% 10.1511.5812.34% (%) 18,331,422 17,280,504 6.08 16,932,587 15,637,999 8.28 48,477 108,270 (55.23) 10,170 (2,551) 335,364 390,309 (14.08) 2,634,839 1,641,238 60.54 (2,264,647) (1,935,702) (569,333) (566,683)

1 (1) 2017 12 31251 107 97 221013 11 1 1 131123 2017 2016 (%) 775,708 735,885 5.41 256,642 241,298 6.36 52,337 52,825 (0.92) 420,620 401,927 4.65 46,109 39,835 15.75 85,133,187 84,895,722 0.28 36,948,135 36,190,971 2.09 3,569,760 3,464,978 3.02 44,615,292 45,239,773 (1.38) 255.29 254.79 0.20 (a) 2016 2 1 2016 5 152017 9 21 2 3 2 2016 5 151 1 (b)2016 9 26 (c) 2017 4 21 034 035

(2) 2017 2016 (%) 189,359 171,826 10.20 47,585 47,651 (0.14) 126,612 110,506 14.57 15,162 13,669 10.92 52,239,223 48,603,618 7.48 15,864,237 15,356,341 3.31 36,374,986 33,247,277 9.41 107.00 103.02 3.86

(3) 2017 2016 (%) 764,423 709,320 7.77 (a) 330,647 317,852 4.03 (b) 433,776 391,468 10.81 284,998 261,426 9.02 148,778 130,042 14.41 (4) 201710.3711.106.64% 036 037

(5) 2017 2016 (%) 21,658 38,723 (44.07) 6,300,223 5,654,869 11.41 4,372,330 4,193,555 4.26 57,358 55,090 4.12 1,314,002 1,336,614 (1.69) 879,597 612,484 43.61 1,632,926 1,488,324 9.72 246,563 206,195 19.58 34,348 27,338 25.64 11,297 (100%) 60,360 55,718 8.33 930,691 881,586 5.57 15,850,056 14,561,793 8.85 541,997 564,478 (3.98) 313,990 360,552 (12.91) 29,534 30,646 (3.63) 11,332 11,332 34,488 23,051 49.62 151,190 86,147 75.50 1,082,531 1,076,206 0.59 16,932,587 15,637,999 8.28 (a) (b)2016 5 15 (c) 2016 10 (d)

(6) 301,36216.44%266,229 14.52% 201,33335.83% 92,953 16.54% 2 2017 2016 (%) 48,477 108,270 (55.23) 10,170 (2,551) 335,364 390,309 (14.08) 3 2017 2017 2016 (%) 2,634,839 1,641,238 60.54 (2,264,647) (1,935,702) (569,333) (566,683) 038 039

(%) 23,617,138 24,278,032 (2.72) 1,430,671 790,308 81.03 1,980,278 1,624,859 21.87 296,414 53,826 450.69 4,142,210 3,364,366 23.12 1,160,515 1,359,656 (14.65) 1,325,077 1,143,523 15.88 2,214,547 1,765,185 25.46 1,463,231 1,618,747 (9.61)

1 10 11 15 (1) 040 041

(2) 72,651 32% 10,323 22,990 58,499 24% 13,916 13,998 CRH1A 10 52,000 100% 52,000 52,000 45,915 33% 14,778 14,946 37,600 10% 3,939 3,939 36,383 64% 6,784 23,352 (3) 15 10%

2004 2016 7 2016-2025 042 043

2018 3 28 20188,260 1,587 1 2 3 4

044 045 3

36 15.70% 31

14.04(9)5% 6 22 10 046 047

2012 1996 2016 201610 0.80 566,682,960 048 049

10 10 10 (%) 2017 0 0.80 0 566,683 1,015,361 55.81 2016 0 0.80 0 566,683 1,158,253 48.93 2015 0 0.80 0 566,683 1,070,822 52.92 2017 2017 12 31 7,083,537,000 2017 0.08566,682,960 2017 A 20172017 H 2017 http://www.hkexnews.hk 20172017 2017

2007 1 1 20 7,400 2007 10 20 2007 10 050 051

2.1.1

500 10 310 15 30 72 052 053

37(c) 14A37(c) 14A 1 1,505,348 1,428,752 660,847 23,386 1,048,524 1,720,849 57,358 298,040 0.3%-5% 455,716 272,390 054 055

2 81,396 1,877,719 1,800,692 333,917 7,185 722 306,208 1,395,591 31,089 0.3%-5% 19,258

908 908 1,231 1,231 2,139 2,139 056 057

3000 740 (1) (2) (3) (4)

1 2 3 058 059

http://www.sse.com.cn http:// www.hkexnews.hkhttp://www.gsrc.com 2017

060 061

3 233,418 231,891

(%) : 2,629,451,300 37.12 HKSCC NOMINEES LIMITED 1,446,317,269 20.42 100,714,092 1.42 85,985,800 1.21 DEUTSCHE BANK AKTIENGESELLSCHAFT 85,653,885 1.21 018L FH001 71,744,210 1.01 54,015,500 0.76 30,781,989 0.43 5 28,651,300 0.40 28,101,600 0.40 28,101,600 0.40 28,101,600 0.40 062 063

2,629,451,300 2,629,451,300 HKSCC NOMINEES LIMITED 1,446,317,269 28,773,820 1,417,543,449 100,714,092 100,714,092 85,985,800 85,985,800 DEUTSCHE BANK AKTIENGESELLSCHAFT 85,653,885 85,653,885 018L FH001 71,744,210 71,744,210 54,015,500 54,015,500 30,781,989 30,781,989 5 28,651,300 28,651,300 28,101,600 28,101,600 28,101,600 28,101,600 28,101,600 28,101,600 HKSCC NOMINEES LIMITEDA 28,773,820H 1,417,543,449

571 XV 336 (%) (%) A 2,629,451,300(L) 46.52(L) 37.12(L) BlackRock, Inc. H 272,436,089(L) 19.03(L) 3.85(L) 13,372,000(S) 0.93(S) 0.19(S) BlackRock Global Funds H 214,501,049(L) 14.99(L) 3.03(L) FIL Limited H 156,872,000(L) 10.96(L) 2.21(L) (L) (S) 10 064 065

1 2017-11-7 2 37.12%

1 2013-03-14 2 100% 37.12% 10% 066 067

4,454,085,700 62.88% 2017 12 29 H 5.25 233.84

068 069

54 2014 12 18 2020 6 15 2014 12 16 54 2016 5 26 2020 6 15 44.1 2015 12 9 52 2012 5 22 2020 6 15 58 2008 6 26 2020 6 15 51 2015 5 28 2020 6 15 53 2009 6 25 2020 6 15 36.7 45 2014 5 29 2020 6 15 11.2 60 2014 5 29 2020 6 15 14.6 59 2014 5 29 2020 6 15 11.2 54 2014 5 29 2020 6 15 51 2008 6 26 2020 6 15 49 2011 6 2 2020 6 15 56 2005 5 12 2020 6 15 47 2015 5 28 2020 6 15 38.7 47 2014 5 29 2020 6 15 32.0 45 2016 12 30 36.5 52 2010 12 28 80,000 80,000 36.6 2004 1 6 49 2008 12 19 36.6 80,000 80,000 298.2 074 075

1963 6 1963 11 1965 7 1959 4 1966 11 2014 5 2015 5 1964 9

1973 1 MBA EMBA 600132 1957 8 MBA MSI 1958 7 EMBA 1963 7 1967 1 1968 9 1961 5 076 077

1970 12 1970 11 1973 1 1965 11 1968 9

2014 8 2017 11 2007 5 2017 9 2017 11 2008 4 2014 10 2017 12 2017 11 2013 12 2017 12 2006 4 2011 3 2017 11 2006 4 078 079

40 298.2 080 081

352 10 18 XV2 3 2004 1 31 13.68

43,767 68 20,022 5,467 4,198 4,014 1,932 2,176 1,149 125 4,669 15 43,767 162 4,168 15,217 24,220 43,767 082 083

28 95803,793 100%4,039

1996 2006 2016 084 085

2016 2017 6 15 (www.sse.com.cn) 2017 6 16 (www.hkexnews.hk) 2017 6 15 20172017 http://www.sse.com.cn http://www.hkexnews.hkhttp://www.gsrc.com 2017

6 6 5 0 0 1 6 6 5 0 0 1 6 5 4 1 0 1 6 5 5 1 0 1 6 5 4 1 0 0 6 6 5 0 0 0 6 5 5 1 0 0 6 5 5 1 0 0 6 5 5 1 0 1 6 1 5 0 086 087

1 1 6 6 2 3 2016 2016 2017 2016

4 2017 6 15 2016 5 2017 3 29 088 089

http://www.sse.com.cn http://www.hkexnews.hk http://www.gsrc.com 2017 http://www.sse.com.cn http://www.hkexnews.hkhttp://www.gsrc.com 090 091

[2007]56

4060 6 092 093

3.13

2017 6 152016 10 1.215 1.82017 094 095

6 6 6 100% 6 6 100% 6 6 100% 201720172017 2017 10 15 530 30 3102017 95

15 1 2 3 4 5 096 097

10%10% 3% 3%

1 2017 2 (1) (2) (3) (4) e 098 099

3 21 109 1996 1996 0.28 0.10 35.71% 1997 0.19 0.12 63.16% 1998 0.15 0.10 66.67% 1999 0.12 0.12 100.00% 2000 0.11 0.10 90.91% 2001 0.12 0.10 83.33% 2002 0.13 0.10 76.92% 2003 0.12 0.105 87.50% 2004 0.13 0.11 84.62% 2005 0.14 0.12 85.71% 2006 0.16 0.08 50.00% 2007 0.20 0.08 40.00% 2008 0.17 0.08 47.06% 2009 0.19 0.08 42.11% 2010 0.22 0.09 40.91% 2011 0.25 0.10 40.00% 2012 0.19 0.08 42.11% 2013 0.18 0.08 44.44% 2014 0.09 0.05 55.56% 2015 0.15 0.08 53.33% 2016 0.16 0.08 50.00% 3.45 1.955 56.67% 2017 0.08 2017

2017 12 31 4 2-2006 - 2011 100 101

1 20176 2017

2017 2017 6 152016 2017 4 27http://www.sse.com.cn 2016 2017 4 26 http://www.hkexnews.hk 102 103

110 198 22 : +852 2289 8888, : +852 2810 9888, www.pwchk.com 104 105

IESBAIESBA

4 18 4,148,000,000 1,343,000,000 6,000,000 (i) (ii) (iii) (iv) (v) 106 107

108 109

Wilson W.Y. Chow

6 23,617,138 24,278,032 7 1,430,671 790,308 54,368 60,095 8 1,980,278 1,624,859 9 281,255 281,255 11 174,548 167,604 12 37,005 79,929 13 33,401 7,824 15 296,414 53,826 16 31,274 31,406 27,936,352 27,375,138 17 330,727 332,607 18 4,142,210 3,364,366 19 314,251 330,491 20 108,000 108,000 20 1,160,515 1,359,656 2,183 6,057,886 5,495,120 33,994,238 32,870,258 21 7,083,537 7,083,537 11,562,738 11,562,738 22 3,109,516 2,825,593 6,928,886 6,582,190 28,684,677 28,054,058 (27,596) (24,003) 28,657,081 28,030,055 110 111

12 66,391 68,883 23 105,791 106,810 172,182 175,693 25 1,325,077 1,143,523 2,214,547 1,765,185 12,893 15,542 149,227 121,513 26 1,463,231 1,618,747 5,164,975 4,664,510 5,337,157 4,840,203 33,994,238 32,870,258 110 198

7,644,230 7,093,198 7,757,077 1,893,594 7,358,851 1,718,260 17,294,901 1,036,521 16,170,309 1,110,195 18,331,422 17,280,504 : 28 (4,372,330) (4,193,555) 36(b) (57,358) (55,090) (1,314,002) (1,336,614) (879,597) (612,484) 6 (1,632,926) (1,488,324) (246,563) (206,195) 8 (34,348) (27,338) (11,297) (60,360) (55,718) (930,691) (881,586) (21,658) (6,300,223) (38,723) (5,654,869) (15,850,056) (14,561,793) 6 (29,534) (30,646) 8 (11,332) (11,332) (34,488) (23,051) (151,190) (86,147) 28 (541,997) (313,990) (564,478) (360,552) (1,082,531) (1,076,206) (16,932,587) (15,637,999) 29 (48,477) (108,270) 1,350,358 1,534,235 30 11 (10,170) 6,944 2,551 7,223 31 1,347,132 (335,364) 1,544,009 (390,309) 1,011,768 1,153,700 112 113

1,011,768 1,153,700 22 242,588 22 (60,647) 1,193,709 1,153,700 1,015,361 1,158,253 (3,593) (4,553) 1,011,768 1,153,700 1,197,302 1,158,253 (3,593) (4,553) 1,193,709 1,153,700 32 0.14 0.16 32 0.14 0.16

21 22 22 22 7,083,537 11,562,738 2,404,484 304,059 6,107,670 27,462,488 (18,226) 27,444,262 1,158,253 1,158,253 (4,553) 1,153,700 1,158,253 1,158,253 (4,553) 1,153,700 22 204,792 (204,792) (204,792) 204,792 22 117,050 (117,050) (566,683) (566,683) (1,224) (567,907) 33 (566,683) (566,683) (1,224) (567,907) 7,083,537 11,562,738 2,521,534 304,059 6,582,190 28,054,058 (24,003) 28,030,055 7,083,537 11,562,738 2,521,534 304,059 6,582,190 28,054,058 (24,003) 28,030,055 181,941 1,015,361 1,197,302 (3,593) 1,193,709 1,015,361 1,015,361 (3,593) 1,011,768 22 181,941 181,941 181,941 22 227,250 (227,250) (227,250) 227,250 22 101,982 (101,982) (566,683) (566,683) (566,683) 33 (566,683) (566,683) (566,683) 7,083,537 11,562,738 2,623,516 304,059 181,941 6,928,886 28,684,677 (27,596) 28,657,081 114 115

34(a) 2,962,704 2,212,863 (327,865) (571,625) 2,634,839 1,641,238 34(b) 527 17,950 6,082 1,779 1,949 6,473 14,214 (2,000) (2,273,426) (1,973,897) (2,264,647) (1,935,702) (569,333) (566,683) (569,333) (566,683) (199,141) (861,147) 1,359,656 2,220,803 20 1,160,515 1,359,656

1. 2,904,250,000 1,431,300,000217,812,000 H H 24,269,760 50 H 4,214,000,000 2,747,987,000 A 116 117

1. 1052 2. 2.1 622 4

2. 2.1 2.1.1 (a) 12 7 12 (b) 2 (1) (2) (3) 118 119

2. 2.1 2.1.1 (b) 9 9 (i) (ii) 9

2. 2.1 2.1.1 (b) (iii) 39 15 1% 120 121

2. 2.1 2.1.1 (b) 15 1811

2. 2.1 2.1.1 (b) 16 16 10 28 10 28 122 123

2. 2.1 2.1.1 (b) 2.2 2.2.1 (a)

2. 2.2 2.2.1 (a) 39 2.9 124 125

2. 2.2 2.2.1 (b) (c) 2.2.2

2. 2.3 20% 50% 126 127

2. 2.4 2.5 (a) (b) 2.6 4%

2. 2.6 (a) (a) 20 40 16 100 20 8 20 4 25 (a) 36(b)2.8 36(b), 2.10 2.7 128 129

2. 2.8 36.5 50 2.9 2.10 2.11

2. 2.11 2.12 2.12.1 (a) 12 (b) 12 130 131

2. 2.12 2.12.2 2.13

2. 2.14 (a) (i) (ii) 132 133

2. 2.14 (a) (b) 2.15

2. 2.16 2.17 2.18 2.19 2.20 134 135

2. 2.21 (a) (b)

2. 2.21 (b) (c) 2.22 (a) (b) (a) (b)37 12 136 137

2. 2.23 2.24 (a)

2. 2.24 (a) 138 139

2. 2.24 (a) (b)

2. 2.25 2.26 2.27 2.28 2.29 140 141

3. 3.1 (a) (i) 32,650 115,680 146 96 67 66 32,863 115,842

3. 3.1 (a) (i) 5% 1,232,000 4,340,000 (ii) 1.54% 1.38% 142 143

3. 3.1 (b) 1,261,244 721,557 1,106,311 1,314,352 431,473 481,372 2,799,028 2,517,281 9,460 2,619 381 3,846 194,245 220,035 204,086 226,500

3. 3.1 (b) 31,274 31,406 1,268,478 1,467,616 144 145

3. 3.1 (c) 12 1 1 2 2 5 2,356,953 2,214,547 12,893 2,201,483 1,765,185 15,542

3. 3.2 3.3 7 15 (i) 15 280,088 280,088 146 147

4.

5. 17,294,901 16,170,309 17,294,901 16,170,309 705,423 663,418 395,661 487,097 (64,563) (40,320) 1,036,521 1,110,195 18,000,324 16,833,727 395,661 487,097 (64,563) (40,320) 18,331,422 17,280,504 1,341,601 1,549,120 14,519 3,548 (8,988) (8,659) 1,347,132 1,544,009 10,011 (2,728) 159 177 10,170 (2,551) 6,944 7,223 6,944 7,223 1,655,657 1,511,570 6,803 7,400 1,662,460 1,518,970 34,348 27,338 11,332 11,332 45,680 38,670 3,256 6,729 (88) 239 3,168 6,968 11,185 11,185 5,662 5,662 7,844 (5,209) 7,844 (5,209) 148 149

5. 1,341,601 1,549,120 14,519 3,548 (8,988) (8,659) 1,347,132 1,544,009 (328,727) (385,840) (6,637) (4,469) (335,364) (390,309) 1,012,874 1,163,280 7,882 (921) (8,988) (8,659) 1,011,768 1,153,700 33,621,101 32,483,625 535,840 586,519 (162,703) (199,886) 33,994,238 32,870,258 174,548 167,604 174,548 167,604 2,415,143 2,817,557 1,083 3,279 2,416,226 2,820,836 4,908,103 4,398,759 545,500 588,128 (116,446) (146,684) 5,337,157 4,840,203 3,595,959,000 3,407,998,000 10%

6. 6,989,242 15,615,264 7,657,021 1,807,311 6,022,269 38,091,107 (2,336,451) (2,980,811) (3,587,690) (1,341,344) (3,769,890) (1,162) (14,016,186) (1,162) 4,652,791 12,634,453 4,069,331 465,967 2,251,217 24,073,759 4,652,791 12,634,453 4,069,331 465,967 2,251,217 24,073,759 565,493 11,859 71,538 648,890 6,294 446,754 42,182 154,100 649,330 7 7 485,087 (4,743) 88,128 36,584 (189,888) 77,808 (2,958) 330,106 (8,797) 1,017,713 (206,386) 10,451 2,088 430,050 6,613 21,833 471,035 (10,141) (94) 172 10,063 (715,003) (715,003) (946) (92,586) (42,618) (1,621) (4,565) (142,336) (293,503) (216,765) (460,387) (107,148) (441,167) (1,518,970) 4,845,290 11,700,221 4,855,319 492,874 2,384,328 24,278,032 7,468,977 14,887,093 8,557,841 1,917,478 6,514,493 39,345,882 (2,623,687) (3,186,872) (3,702,522) (1,424,604) (4,129,003) (1,162) (15,066,688) (1,162) 4,845,290 11,700,221 4,855,319 492,874 2,384,328 24,278,032 4,845,290 11,700,221 4,855,319 492,874 2,384,328 24,278,032 1,849 69,311 13,086 123,436 207,682 7 345,676 179,842 843,489 80,867 203,557 1,653,431 7 (305,208) (987,236) (299) (18,903) (1,311,646) 310,885 875,497 299 16,697 1,203,378 1,342 7,116 25 (8,483) (403,282) (403,282) (15,942) (69,516) (234,830) (744) (15,780) (336,812) (332,581) (216,075) (571,640) (9,865) (115,870) (426,294) (1,320) (1,662,460) (11,185) 4,851,311 11,198,306 4,840,070 470,213 2,257,238 23,617,138 7,441,605 14,588,338 7,903,204 1,993,168 6,628,084 38,554,399 (2,590,294) (3,390,032) (3,053,269) (9,865) (1,522,955) (4,368,375) (2,471) (14,924,925) (12,336) 4,851,311 11,198,306 4,840,070 470,213 2,257,238 23,617,138 150 151

6. (a) 1,858,288,000 1,819,505,000 (b) 155,125,000 116,953,000 7. 790,308 569,573 59,992 6 1,311,646 206,386 2,185,526 1,448,767 6 (1,653,431) (1,017,713) 6 (1,203,378) (471,035) (5,662) 1,430,671 790,308

8. 1,274,082 (325,556) 948,526 948,526 6 715,003 (38,670) 1,624,859 1,989,085 (364,226) 1,624,859 1,624,859 6 403,282 (2,183) (45,680) 1,980,278 2,388,326 (408,048) 1,980,278 152 153

8. 1,318,686,000 936,304,000 10 20 1,257,346 873,411 20 30 722,932 751,448 1,980,278 1,624,859 9. 281,255 281,255 281,255 281,255

9. 17.76% 18.92% 2.00% 2.00% 12.44% 12.44% 10% 1% 154 155

10. (%) (%) (%) 51% 51% 49% 100% 100% 100% 100% 67.46% 76.66% 23.34% 100% 41.50% 100% 100% 100% 100% 100% 100% 100% 100% (i) 44.72% 44.72% 55.28% (i) 0.5% 0.5%

11. 174,548 167,604 174,548 167,604 167,604 168,711 6,944 7,223 (8,330) 174,548 167,604 49% 343,050,000 49% 64,000,000 156 157

11. 105,556 87,733 780,104 921,761 333,602 339,409 12,151 7,614 439,158 427,142 792,255 929,375 210,546 210,553 664,646 803,713 202 210,546 210,755 664,646 803,713 228,612 216,387 127,609 125,662 112,020 106,030 62,528 61,574 112,020 106,030 62,528 61,574 216,387 207,587 125,662 136,721 342,049 344,308 12,225 8,800 1,947 5,941 14,172 14,741 (17,000) (17,000) 228,612 216,387 127,609 125,662 356,221 342,049 49% 49% 49% 49% 49% 49% 112,020 106,030 62,528 61,574 174,548 167,604

12. 115,716 98,862 (78,711) (18,933) 37,005 79,929 (145,102) (87,816) 78,711 18,933 (66,391) (68,883) (29,386) 11,046 12 114,387 97,706 12 1,329 1,156 115,716 98,862 12 (142,159) (83,937) 12 (2,943) (3,879) (145,102) (87,816) 158 159

12. 7,828 (825) 7,003 (2,230) 4,773 2,739 1,416 4,155 2,793 6,948 11,837 (5,843) 5,994 1,126 7,120 24,952 768 25,720 (201) 25,519 35,207 4,448 39,655 992 40,647 30,805 (14,520) 16,285 14,424 30,709 50 50 (50) 113,418 (14,556) 98,862 16,854 115,716 9,607 (1,340) 8,267 (404) 7,863 71,376 (2,493) 68,883 (2,493) 66,390 60,647 60,647 10,562 104 10,666 (464) 10,202 91,545 (3,729) 87,816 57,286 145,102

12. 95,370,000 89,630,000 a 82,918 77,328 12,452 12,302 95,370 89,630 a 15,405 13,499 14,307 6,371 6,516 18,478 18,478 22,325 22,622 22,245 82,918 77,328 160 161

13. 64,077 63,770 (56,253) (49,285) 7,824 14,485 7,824 14,485 28,745 307 (3,168) (6,968) 33,401 7,824 92,822 64,077 (59,421) (56,253) 33,401 7,824

14. 15 296,414 296,414 16 31,274 31,274 18 19 4,417,317 4,417,317 20 108,000 108,000 20 1,160,515 1,160,515 5,717,106 296,414 6,013,520 15 53,826 53,826 16 31,406 31,406 18 19 3,665,646 3,665,646 20 108,000 108,000 20 1,359,656 1,359,656 5,164,708 53,826 5,218,534 162 163

14. 25 26 2,356,953 2,214,547 12,893 4,584,393 25 26 2,201,483 1,765,185 15,542 3,982,210

15. 296,414 53,826 2% (i) 280,088,000 242,588,000 22 3 37,500 242,588 280,088 (ii) 164 165

16. 6.54% 17. 185,639 184,520 76,017 79,311 67,493 67,236 1,578 1,540 330,727 332,607 1,627,992,000 1,697,166,000 28,466,000 23,976,0007,844,000 3,354,000 18,163,000

18. 4,148,413 3,369,331 2,808,052 2,173,333 (6,203) (4,965) 4,142,210 3,364,366 3.1(b) 2,799,028 2,517,281 763,812 588,640 522,122 223,675 63,451 39,735 4,148,413 3,369,331 166 167

18. 1,343,182,000 847,085,000 758,141 588,640 522,122 223,675 62,919 34,770 1,343,182 847,085 6,203,000 4,965,000 5,671 532 4,965 6,203 4,965 4,965 8,395 5,904 6 (4,666) (3,436) 6,203 4,965

19. 268,715 299,858 45,536 30,633 314,251 330,491 288,432 314,616 (13,325) (13,336) a 275,107 301,280 b 39,144 29,211 314,251 330,491 (a) 122,190,000 156,072,000 13,336 13,377 (3) (1) (8) (40) 13,325 13,336 (b) 168 169

19. 314,184 330,425 67 66 314,251 330,491 20. 1,108,015 1,007,156 52,500 352,500 1,160,515 1,359,656 108,000 108,000 1,268,515 1,467,656 1.56% 1.65% 1,235,719 1,351,880 32,650 115,680 146 96 1,268,515 1,467,656

21. 7,083,537,000 1.00A H H 1,431,300 1,431,300 A 5,652,237 5,652,237 7,083,537 7,083,537 22. 10% 50% 25% 170 171

22. 10% 101,982 10% 117,050 (a) (b) 227,250 204,792 (227,250) (204,792) (a) 1% (b) 1.5%

22. 242,588 (60,647) 181,941 15 23. 105,754 106,810 37 105,791 106,810 172 173

24. 26 30,745 34,043 (30,745) (34,043) 34,043 13,380 24,727 (3,298) (4,064) 30,745 34,043

25. 614,822 572,894 710,255 570,629 1,325,077 1,143,523 1,075,298 860,315 180,294 258,227 49,359 7,477 20,126 17,504 1,325,077 1,143,523 174 175

26. 1,017,309 1,172,515 445,922 446,232 1,463,231 1,618,747 377,703 368,560 152,010 295,088 226,453 242,104 203,886 207,877 178,427 172,299 73,463 68,914 70,173 59,357 34,298 36,018 24 30,745 34,043 15,740 15,692 100,333 118,795 1,463,231 1,618,747 27. 8,400,000 950,0008,080,000 190,000

28. 4,848,830 4,362,506 (a) 1,220,708 1,114,918 (b) 772,682 741,923 6,842,220 6,219,347 (a) 10% 12% 10% 12% (b) 26% 18% 8% (c) 498,000 447,255 176 177

29. (77,026) (133,073) 18,974 24,772 13,272 9,769 6,473 5,884 295 749 6 (11,185) 18 (5,904) (6) 7 (5,662) 2,868 2,602 3,756 (13,305) (48,477) (108,270) 30. (7,304) 6,374 (2,866) (3,823) (10,170) 2,551

31. 25% 355,579 379,482 12 (20,215) 10,827 335,364 390,309 1,347,132 1,544,009 25% 25% 336,783 386,002 663 1,928 (3,354) (3,277) 5,561 5,656 (3,886) (403) 335,364 390,309 178 179

32. 1,015,361,000 1,158,253,000 7,083,537,0007,083,537,000 1,015,361 1,158,253 7,083,537 7,083,537 0.14 0.16 33. 0.08 0.08 566,683 566,683 0.08

34. (a) 1,347,132 1,544,009 : 6 1,662,460 1,518,970 6 11,185 7 5,662 17 7,844 (5,209) 8 45,680 38,670 321,741 133,073 13 3,168 6,968 11 (6,944) (7,223) 29 (6,473) (5,884) 5,901 5 (3,282) (3,258) (4,647) (4,353) 3,383,765 3,221,430 (419,349) (1,034,064) 6,121 14,432 (12,975) (47,594) 3,000 2,000 181,554 34,178 (179,412) 22,481 2,962,704 2,212,863 180 181

34. (b) 6 336,812 142,336 20,349 (2,457) (12,087) (11,662) (321,741) (133,073) 527 17,950 35.

36. (a) 1,341,055 769,013 518,945 1,165,237 (b) 20 74,000,000 57,358,000 55,090,000 37. (a) 10 182 183

37. (b) (i)

37. (b) (ii) (c) (I) (i) 1,505,348 1,425,538 (ii) 1,428,752 1,400,876 (iii) 660,847 579,253 3,594,947 3,405,667 (iv) 23,386 29,449 184 185

37. (c) (I) (i) 1,048,524 989,778 (ii) 1,720,849 1,628,336 36(b) 57,358 55,090 2,826,731 2,673,204 (iii) 11,297 (iv) 298,040 306,988 (v) 455,716 469,273 (vi) 272,390 347,409 1,026,146 1,134,967

37. (c) (I) (i) (ii) (iii) (iv) (v) 0.3% 5% (vi) (II) 2.24 186 187

37. (c) (II) (i) 81,396 29,794 (ii) 1,877,719 1,777,640 (iii) 1,800,692 1,628,143 3,759,807 3,435,577 (ii) 333,917 323,993 (iv) 7,185 7,073 (iv) 722 641 341,824 331,707

37. (c) (II) (i) 306,208 292,754 (ii) 1,395,591 1,376,047 1,701,799 1,668,801 (iv) 31,089 42,954 (v) 19,258 15,220 (vi) 4,385 50,347 62,559 (i) (ii) (iii) (iv) (v) (vi) 0.3% 5% 188 189

37. (c) (III) 7,295,985 6,960,491 1,266,122 1,105,061 112,267 86,883 8,674,374 8,152,435 (d) 40

37. (e) (I) 1,435,421 730,061 (i) 132,830 229,056 (i) 1,302,591 501,005 44,329 25,961 3,277 691 41,052 25,270 4,352 225 (ii) 4,352 225 681,587 533,051 (i) 61,899 61,486 (ii) 619,509 432,712 179 38,853 342,519 249,308 53,821 10,805 220,377 168,038 68,321 70,465 439,509 430,331 7,390 5,663 (iii) 430,041 422,877 (iv) 2,078 1,791 190 191

37. (e) (I) (i) (ii) (iii) (iv) (II) 1,372,631 1,443,272 1,207 4,672 62,620 65,496 6,413 15,901

38. 0.08 33 39. 23,525,634 24,176,035 1,429,670 788,894 24,109 30,489 1,677,702 1,310,951 281,255 281,255 83,121 83,121 121,855 121,855 48,619 91,362 33,150 7,667 294,696 52,108 31,274 31,406 27,551,085 26,975,143 326,211 327,819 4,137,661 3,351,364 352,433 379,824 100,000 100,000 1,151,528 1,349,475 2,183 6,070,016 5,508,482 33,621,101 32,483,625 192 193

39. 7,083,537 7,083,537 (a) 11,564,462 11,564,462 (a) 3,109,516 2,825,593 (a) 6,955,483 6,611,274 28,712,998 28,084,866 105,791 106,810 1,308,263 1,112,408 2,214,547 1,765,185 18 17 141,749 117,453 1,137,735 1,296,886 4,802,312 4,291,949 4,908,103 4,398,759 33,621,101 32,483,625

39. (a) 11,564,462 2,708,543 6,131,728 1,163,279 1,163,279 204,792 (204,792) (204,792) 204,792 117,050 (117,050) (566,683) (566,683) 11,564,462 2,825,593 6,611,274 11,564,462 2,825,593 6,611,274 181,941 1,012,874 1,012,874 181,941 227,250 (227,250) (227,250) 227,250 101,982 (101,982) (566,683) (566,683) 11,564,462 3,109,516 6,955,483 194 195

40. (a) 222 63 31 12 39 367 112 112 146 146 112 112 187 55 31 10 37 320 266 54 31 14 22 387 273 89 31 10 38 441 222 68 31 8 36 365 222 67 31 9 37 366 222 64 31 11 38 366

40. (a) (i) 124 144 29 11 35 343 112 112 143 143 112 112 118 120 29 9 34 310 198 29 80 33 340 (ii) 127 206 29 9 36 407 (iii) 125 144 29 10 37 345 (iv) 123 148 29 8 34 342 124 146 29 9 35 343 196

40. (a) (i) (ii) (iii) (iv) (b) 39,000 35,000 (c) (d) 199

40. (e) (f) 37 198 198

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