2004

1 SINOPEC YANGZI PETROCHEMICAL CO., LTD. YPC 2 3 777 025 57787735 57787739 025 57787755 DMS@YPC.COM.CN 4 1 777 210061 210048 http://www.ypc.com.cn/ DMS@YPC.COM.CN 5 http://www.cninfo.com.cn 6 000866 7 1998 4 24 16 B 2002 11 19 1 320911000124 ( ) 320134249770713 ( ) 320112249770713 1 2 8

2004 2004 5,565,382,684.59 4,678,597,028.60 4,654,193,857.37 6,600,144,676.04 62,038,543.81 5,593,942,895.64 484,567.51 - -29,044,778.56 3,586,014,928.31 955,504,262.57 24,403,171.23-22,543,530.84 350,008.00-4,004,461.58-3,790,585.00 53,130,125.00 7,900,671.92 1,293,798.86-7,932,855.13 24,403,171.23 2004 2003 2003 2002 31,773,577,771.21 22,005,134,892.05 22,005,134,892.05 15,149,224,272.40 4,678,597,028.60 1,660,069,377.86 1,660,069,377.86 625,149,166.82 16,448,585,968.41 13,369,691,328.98 13,330,308,788.98 13,473,506,901.44 11,530,880,162.80 7,503,559,778.79 7,503,559,778.79 5,843,490,400.93 2.01 0.71 0.71 0.27 4.95 3.22 3.22 2.51 4.88 3.19 3.19 2.48 40.36% 22.05% 22.05% 11.12%

1.54 1.06 1.06 0.49 % 40.57 22.12 22.12 10.70 % 49.28 24.88 24.88 11.31 9 2004 % 6,600,144,676.04 57.24% 69.52% 2.83 2.83 5,593,942,895.64 48.51% 58.92% 2.40 2.40 4,678,597,028.60 40.57% 49.28% 2.01 2.01 4,654,193,857.37 40.36% 49.03% 2.00 2.00 : 2,330,000,000.00 2,152,512,700.46 1,069,065,070.12 334,561,282.70 1,951,982,008.21 7,503,559,778.79 47,723,355.41 3,447,289,405.72 467,859,702.86 4,678,597,028.60 8,173,609,789.73 4,146,289,405.72 4,146,289,405.72 2,330,000,000.00 2,200,236,055.87 4,516,354,475.84 802,420,985.56 2,484,289,631.09 11,530,880,162.80 10% 10% 1 +

1 198,000 198,000 2 3 4 198,000 198,000 198,000 198,000 1 35,000 35,000 2 3 4 233,000 233,000 2 1998 4 3.5 1 1998 4 2 31,500 4.20 / 1998 5 12 2 1998 4 2 3,500 4.20 / 1998 5 12 1998 11 12 30,690 1 36,825 2 1 5% 5% 1,980,000,000 / 1,980,000,000 5% 84.98%

2 10 % 1 1,980,000,000 84.98 2 12,435,919 0.53 A 3 12,356,685 0.53 A 4 11,177,777 0.48 A 5 9,831,576 0.42 A 6 8,771,343 0.38 A 7 8,038,878 0.35 A 8 7,233,331 0.31 A 9 7,043,228 0.30 A 10 5,636,265 0.24 A 10 2 10 A 3 10 1 12,435,919 A 2 12,356,685 A 3 11,177,777 A 4 9,831,576 A 5 8,771,343 A 6 8,038,878 A 7 7,233,331 A 8 7,043,228 A 9 5,636,265 A 10 4,656,560 A 3 1 2 3 867 4 2000 2 25 5

6 4 1 2 3 1,049 4 1998 7 1983 2000 67.92% 84.98%

1 41 2004.6.28 2007.6.27 1395 1395 55 2004.6.28 2007.6.27 1395 1395 58 2004.6.28 2007.6.27 1395 1395 58 2004.6.28 2007.6.27 1395 1395 44 2004.6.28 2007.6.27 / / 42 2004.6.28 2007.6.27 / / 41 2004.6.28 2007.6.27 / / 39 2004.6.28 2007.6.27 / / 48 2004.6.28 2007.6.27 / / 74 2004.6.28 2007.6.27 / / 49 2004.6.28 2007.6.27 / / 63 2004.6.28 2007.6.27 / / 71 2004.6.28 2007.6.27 / / 58 2004.6.28 2007.6.27 1400 1400 53 2004.6.28 2007.6.27 1395 1395 39 2004.6.28 2007.6.27 / / 47 2004.6.28 2007.6.27 / / 47 2004.6.28 2007.6.27 100 100 47 2004.6.28 2007.6.27 1300 1300 2 2001 12 1 1-1985 7 1998 4 2002 7 2004 1 2004 12

2 1983 10 1998 4 2003 12 3 1989 11 1998 4 2000 12 2002 7 4 1983 11 1998 4 2002 7 2004 3 5 1984 3 1998 4 2002 7 2004 3 6 1985 7 1998 4 2002 7 7 1987 1998 4 2004 3 2004 10

8 2001 1 2001 12 2001 12 9 10 11 12 2 1 1988 7 1990 6 1992 8 1998 4 2002 7 2004 3 2 1985 2000 2

3 1987 10 2002 1 4 1985 6 2004 4 5 1987 5 1999 1 2004 6 3 1 1983 1998 4 2004 6 2 1984 7 2004 4 2004 5 2004 8 2004 12 1 2 2 3 4.0

4 19 13 204.78 ( 2 4 ) 15.75 57.60 19.20 54.00 18.00 5 20 2 15 20 6 10 15 5 1 5 2 2 3 2004 12 31 1 8731 2 4320 384 2419 130 1478 3 6 58 1117 1782 943 ( )3979 4 964

1 2 3 4 5 6 7

1 2 7 7 0 0 7 4 3 0 7 6 1 0 7 6 1 0 3 1 2 3 4

5 2003 2004 6 28 9:00 37 2,019,883,710 86.6903% 2004 5 25 8 1 2003 2,019,883,710 100 % 2 2003 2,019,883,710 100% 3 2003 2,019,838,610 99.9978 % 0 45,100 0.0022 % 4 2003 2,019,883,710 100% 5 12

1 2,019,883,710 100% 2 2,019,883,710 100 % 3 2,019,883,710 100 % 4 2,019,883,710 100 % 5 2,019,883,710 100 % 6 2,019,883,710 100 % 7 2,019,883,710 100 % 8 2,019,883,710 100 % 9 2,014,687,856 99.7428 % 5,195,852 0.2572 % 0 10 2,018,994,172

99.9560 % 0 0 889,538 11 2,014,687,856 99.7428 % 5,195,852 0.2572 % 0 12 2,014,687,856 99.7428 % 5,195,852 0.2572 % 0 6 3 1 2,019,883,710 100 % 2 2,019,883,710 100 % 3 2,019,883,710 100 % 7 2,019,879,210 99.9998 % 0 0 4500 8 2,019,834,110 99.9978 % 45,100, 0.0022 % 0

2004 6 29 1 2004 6 28 2003 12 2 2004 6 11 2 2004 6 28 2003 3 5 2004 772.03 5.45 % 638.48 223.41 415.07, 2.01 % 132.59 6.37% 81.25 6.17 % 111.27 1.58 PTA 90.68 0.40 93.13 11.65 658.86 7.54

84.86 % 0.65 64.70% 0.93 31,773,578 44.39 % 5,565,383 235.72% 4,678,597 181.83% 2004 16,448,586 23.03% 16.17% 53.66% 43.88% 29.90% 13.98 1 (1) 600 (2) 2004 (%) 1,072,467 23.88 953,010 24.51 1,644,427 27.00 3,092,214 24.41 133,574 0.20 6,895,692 100.00 (3) 2004 10%

7,586,801 5,502,924 2,083,877 27.47% 7,786,741 5,799,735 1,987,006 25.52% 8,577,323 5,551,846 3,025,477 35.27% 7,756,686 7,793,344-36,658-0.47% 66,027 55,536 10,491 15.89% 31,773,578 24,703,385 7,070,193 22.25% 13,969,690 11,453,629 2,516,061 18.01% % 553,229 490,658 62,571 11.31 7,009 6,557 452 6.45 29,705,910 22,887,338 6,818,572 22.95 156,990 147,713 9,277 5.91 495,064 441,855 53,209 10.75 112,052 98,831 13,221 11.80 551,000 467,954 83,046 15.07 192,324 162,479 29,845 15.52 31,773,578 24,703,385 7,070,193 22.25 2 1 1 1 2004 10 19 3000 2850 95.00% 2004 24,358,111.36 211,405.22 2 2004 2004

3 5 14,205,594 28% 5 11,249,108 35% 4 2004 1 HSE 17 PTA 24 30.4 2.55 2 100% 12.81% 3 800 / 65 / 140 45 / PTA 50 / 20 /

4 PX 89 17 20 10 / 4 YZ-10 5 30 45.6 2004 5 6 ERP ERP 11 0.2 COD 35.7 1 1998 4 3.5 143,800 1998

2 2004 144,498 1 2004 70 58 124,062 800 / 2003 10 28 2004 12 20 160 / 7 / 2004 69,929 45 / PTA 2004 2 13 3 12 10 11 2004 19,896 140 / 2004 3 29 4 6 9 2004 15,017 B 2 17,586 3 2004 10 2,850 2004 ( ) 2003 ( ) (%) 16,448,586 13,369,691 23.03

1,680,000 1,838,339-8.61 800 11,530,880 7,503,560 53.67 6,600,145 2,565,416 157.27 4,678,597 1,660,069 181.83 955,504-253,523 476.89 2005 1 2005 800 / 780 140 2 2005 800 / 2005 2005 1 HSE

2 800 / PX EO 93# 3 540 700 4 140 / 45 / PTA 10 11 P 3 18 / 12 / 5 6

7 ERP 1 7 1 2004 17 2004 1 18 2 2004 3 25 2003 2003 2003 2003 2003 2004 2003

2004 3 29 3 2004 4 19 2004 4 2004 5 21 2003 2004 5 25 5 2004 6 28 2004 6 29 6 2004 8 13 12 2004

2004 2004 8 17 7 2004 10 29 2004 2004 10 30 2004 2004 4,678,597,028.60 10% 467,859,702.86 10% 467,859,702.86 65 / 311,570,000.00 2,200,000,000.00 1,231,307,622.88 1,951,982,008.21 2004 8 2003 699,000,000.00 2,484,289,631.09 2004 2,330,000,000 10 4.0 932,000,000.00 1,552,289,631.09 2004 [2003]56

2004 KPMG-A(2005)OR No.0036 2004 12 31 2004 2005 4 8 2004 2004 2004 2004 ( ) 1 2 8 100738 2005 4 8 2004

- 60,350,008 264,450 60,085,558 60,000,000 85,558 ( ) [2003]56 1 2004 2 BASF 10% 2004 8 12 2004 11 13 2000

1 5 1 2004 3 25 2003 2004 3 29 2 2004 5 21 5 2004 5 25 3 2004 6 28 2004 6 29 4 2004 8 13 5 4 2004 8 17 5 2004 10 29 5 3 2004 10 30

2 1 2 3 2004 4 5 1 2 3 1 2004

(%) 6,289,790 19.15 2,768,827 8.43 971,712 2.96 752,886 2.29 731,343 2.23 587,477 1.79 484,557 1.48 389,154 1.18 299,261 0.91 296,639 0.90 202,100 0.62 192,324 0.59 183,653 0.56 173,033 0.53 155,773 0.47 94,859 0.29 64,847 0.20 62,379 0.19 60,536 0.18 8,055,266 15.79 1,187,053 2.36 566,108 1.12 266,432 0.53 173,324 0.34 167,993 0.33 147,377 0.29 92,713 0.18 92,618 0.18 82,277 0.16 64,491 0.13 62,312 0.12 2 3

2004 175,860 879,300 2004 17,915,693 2005 2004 10 ( ) 28,500 95% 134.6 2004 49,871 142 4 2004 12 31 60,086 1,639,126 - - 8,339 453,750 450,000 450,000 830,248 735,376 60,350 60,086 60,350 60,086 1,288,587 1,639,126 4 5% 175,860 60,000 5 2004 1.5% 22,513 6 BASF 10% 2004 8 12 10% 87,930.00 2004 11 13

[2004]1674 7 8 2002 1 1 2004 80 9 10 [ 1996 2 ] 10 2004 12 31 0.3% 0.08% 0.003% 11 2003 2004 KPMG-A(2005)AR No.0154

2004 12 31 2004 2004 12 31 2004 1 2 8 100738 2005 4 8

2004 12 31 5 1,169,169,708.33 213,665,445.76 6 2,356,233,411.59 1,212,596,442.33 354,901,236.51 186,294,825.52 18,991,721.18 28,492,203.50 7 335,909,515.33 157,802,622.02 8,262,325.05 14,726,876.21 8 8,262,325.05 14,726,876.21 9 128,019,124.91 282,888,262.41 3,205,920,327.13 2,522,263,517.09 363,618,522.60 52,608,099.14 10 2,842,301,804.53 2,469,655,417.95 14,153,681.46 6,839,895,889.74 4,365,488,748.14 11 907,934,559.42 703,440,000.00 12 60,085,557.54 968,020,116.96 703,440,000.00 21,820,917,785.57 21,170,937,758.70 14,028,124,304.31 13,231,216,033.07 7,792,793,481.26 7,939,721,725.63 50,728,759.39 50,728,759.39 13 7,742,064,721.87 7,888,992,966.24 6,133,452.37 14 718,989,240.47 351,623,061.46 8,461,053,962.34 8,246,749,480.07 15 7,533,182.49 8,481,742.94 16 172,082,816.88 45,531,357.83 179,615,999.37 54,013,100.77 16,448,585,968.41 13,369,691,328.98

2004 12 31 17 40,000,000.00 289,382,540.00 18 680,875,641.93 434,532,421.21 19 356,720,893.99 369,320,801.92 190,020,256.13 107,269,466.91 26,268,985.34 23,879,141.49 4(C) 413,062,362.32 135,332,709.31 4,473.61 3,635.93 20 1,223,729,975.24 2,482,905,792.00 1,395,000.00 2,363,625.00 21 200,000,000.00 3,132,077,588.56 3,844,990,133.77 : 22 1,680,000,000.00 1,838,339,160.00 23 105,628,217.05 182,802,256.42 1,785,628,217.05 2,021,141,416.42 : 4,917,705,805.61 5,866,131,550.19 24 2,330,000,000.00 2,330,000,000.00 25 2,200,236,055.87 2,152,512,700.46 26 4,516,354,475.84 1,069,065,070.12 27 2,484,289,631.09 1,951,982,008.21 11,530,880,162.80 7,503,559,778.79 16,448,585,968.41 13,369,691,328.98

2004 28 31,773,577,771.21 22,005,134,892.05 24,703,384,661.48 19,047,459,159.38 29 470,048,433.69 392,259,952.26 ( - ) 6,600,144,676.04 2,565,415,780.41-30 62,038,543.81 56,719,122.57 291,664,162.63 239,553,540.42 747,598,306.99 535,672,673.99 31 28,977,854.59 30,007,686.93 ( - ) 5,593,942,895.64 1,816,901,001.64 ( - ) 32 484,567.51 3,199,456.18 102,696.36 33 32,244,234.74 159,234,720.16 ( - ) 5,565,382,684.59 1,657,768,977.84 34 886,785,655.99-2,300,400.02 ( - ) 4,678,597,028.60 1,660,069,377.86 1,951,982,008.21 967,832,185.56 6,630,579,036.81 2,627,901,563.42 27 467,859,702.86 166,006,937.79 27 467,859,702.86 166,006,937.79 5,694,859,631.09 2,295,887,687.84 27 2,511,570,000.00 343,905,679.63 699,000,000.00 27 2,484,289,631.09 1,951,982,008.21 1 2 3 4 5 6

2004 30,636,620,078.73 6,734,367.25 66,388,827.53 30,709,743,273.51 23,756,659,608.44 441,834,765.36 2,365,180,531.84 560,053,439.56 27,123,728,345.20 3,586,014,928.31 264,450.55 27,338,132.00 3,796,191.00 31,398,773.55 1,406,883,330.00 264,360,000.00 1,671,243,330.00-1,639,844,556.45 1,184,000,000.00 1,184,000,000.00 1,391,721,700.00 699,000,000.00 83,944,409.29 2,174,666,109.29-990,666,109.29 955,504,262.57

2004 1 4,678,597,028.60-9,500,482.32 311,010,423.46 995,766,366.76 54,717,265.22 948,560.45 14,153,681.46-968,625.00-1,868,317.87 24,411,848.71 15,249,264.00-484,567.51-683,656,810.04-1,543,437,857.69-268,922,849.92 3,586,014,928.31 2 3 1,169,169,708.33 213,665,445.76 955,504,262.57

2004 28,492,203.50 44,720.00 7,900,671.92 1,644,530.40 18,991,721.18 1 28,492,203.50 44,720.00 7,900,671.92 1,644,530.40 18,991,721.18 2 52,608,099.14 330,425,579.75 19,415,156.29 363,618,522.60 101,309,276.77 101,309,276.77 32,517,558.83 32,517,558.83 19,415,156.29 49,399,987.00 19,415,156.29 49,399,987.00 33,192,942.85 147,198,757.15 180,391,700.00 50,728,759.39 50,728,759.39 7,863,437.48 7,863,437.48 8,815,248.54 8,815,248.54 34,050,073.37 34,050,073.37 131,829,062.03 330,470,299.75 7,900,671.92 21,059,686.69 433,339,003.17

( ) 1 ( ) 1998 4 24 ( ) [1997] 322 [1997]200 [1998]34 1997 6 30 [1997]1148 3,041,516,122 [1997]311 65.10% 198,000 1.00 [1998]34 [1998]35 35,000 1.00 1998 5 1998 4 24 ( 3201911000124) 233,000 [2000]144 [2000]34 2000 2 28 198,000 ( ) 2 (a)

( ) ( [2004]3 ) [2004]3 [2004]3 2003 2(b) (b) 2003 6 1,173,213,902 39,382,540 1,212,596,442 17 (250,000,000) (39,382,540) (289,382,540) - ========== 3 (a) 1 1 12 31 (b) (c) (d)

( 3(i) (e) (f) (g) (h) i)

- 10 - ( [2003]10 ) 10 [2003]10-3(m) ii) ( 3(m)) 1 1 (i)

1 ( 3(m)) 3(m) ( ) 8-40 3% 14-30 3% 8-10 3% 10-20 3% 4-30 3% 1996 4 7 (1996)41 10 (j) i) 3(i) 3(m)

ii) (k) 3(m) 10 50 10 (l) 16 (m)

(n) (o) i) ii) iii) (p) (q)

(r) ( ) (s) (t) (u) (v) 4 (a) 277.6 117.6 13% 17% 5% 3% 7 4

(b) [1998]215 1998 4 15% (c) 2004 2003 (2,297,419) 98,609,209 23,690,772 23,101,213 663,710 321,963 377,124,816 2,804,438 13,880,483 10,495,886 413,062,362 135,332,709 =========== =========== 5 2004 2003 927 1,830 550,366,693 188,311,783 550,367,620 188,313,613 618,802,088 25,351,833 1,169,169,708 213,665,446 =========== =========== 35 6

2004 2003 2,316,233,411 1,173,213,902 40,000,000 39,382,540 2,356,233,411 1,212,596,442 =========== =========== ( 2(a)) 2004 10 28 2005 4 26 7,000,000 2004 9 30 2005 3 25 10,000,000 2004 8 31 2005 2 25 12,000,000 2004 12 22 2005 6 20 11,000,000 40,000,000 =========== 35 5% 7 2004 2003 354,901,237 186,294,826 (18,991,722) (28,492,204) 335,909,515 157,802,622 =========== =========== 2004 2003 335,807,644 95 157,267,697 84 142,918-143,605-4,572-1,086,006 1 18,946,103 5 27,797,518 15 354,901,237 100 186,294,826 100 ========== ==== ========== ====

2004 2003 - - - - 42,875 30 43,082 30 2,744 60 651,604 60 18,946,103 100 27,797,518 100 18,991,722 28,492,204 ========== ========== 2004 2003 335,807,644 100 157,267,697 100 100,043-100,523-1,828-434,402 - - - - - 335,909,515 100 157,802,622 100 ========== ==== ========== ==== 2004 2003 28,492,204 31,966,824 44,720 1,487,788 (7,900,672) (4,962,408) (1,644,530) - 18,991,722 28,492,204 =========== =========== 35 5% 2004 12 31

2004 12 31 2004 2003 272,391,624 77 133,760,567 72 8 2004 2003 8,262,325 100 14,476,876 98 - - - - - - 250,000 2 8,262,325 100 14,726,876 100 ========== ==== ========== ==== 35 5% 2004 12 31 2004 2003 5,103,424 62 7,440,302 51 9 2004 2003 128,019,124 100 281,579,595 100 - - 1,308,668-128,019,124 100 282,888,263 100 ========== ==== ========== ====

35 5% 10 2004 2003 1,399,757,764 996,990,949 765,385,988 653,892,786 631,274,927 491,929,610 409,501,648 379,450,172 3,205,920,327 2,522,263,517 (363,618,522) (52,608,099) 2,842,301,805 2,469,655,418 =========== =========== 2004 19,415,156 33,192,943 - - 52,608,099 49,399,986 147,198,757 101,309,277 32,517,559 330,425,579 -(19,415,156) - - - (19,415,156) 49,399,986 180,391,700 101,309,277 32,517,559 363,618,522 ========= ========= ========= ========= ========= 2003 5,416,008 5,017,921 - - 10,433,929 18,417,936 28,175,022 - - 46,592,958 - (4,418,788) - - - (4,418,788)

19,415,156 33,192,943 - - 52,608,099 ========= ========= ========= ========= ========= 2004 2003 25,992,829,631 19,709,951,008 11-703,440,000 703,440,000 28,634,559 175,860,000 204,494,559 28,634,559 879,300,000 907,934,559 ---------------- ---------------- ---------------- 28,634,559 879,300,000 907,934,559 ========== ========== ========== - 703,440,000 703,440,000 ========== ========== ========== 2004 12 31 (a) 2004 12 31

30 28,500,000 95% - 28,500,000 134,559 28,634,559 ----------------- 28,634,559 ========== - ========== (b) 2004 12 31-879,300,000 10% - 703,440,000 175,860,000 879,300,000 ----------------

879,300,000 ========== 703,440,000 ========== 2004 8 12-12 - 60,085,558 60,085,558 --------------- 60,085,558 ========= - ========= 60,000,000 ( 37 c ) 350,008 264,450 60,085,558 2004 12 31 8.4% 2003 9.4% 13

1,355,608,665 2,245,712,845 119,058,881 16,914,664,073 535,893,295 21,170,937,759-374,000 2,061,278 34,457,479 50,815,942 87,708,699 13,945,347 79,775,232-664,622,259 15,216,673 773,559,511 52,673,220 208,860,186 - (264,530,602) 2,997,196 - - - - 12,008,714 (26,952) 11,981,762 (20,360,540) (3,220,243) (5,639,097) (143,677,037) (50,373,028) (223,269,945) 1,401,866,692 2,531,502,020 115,481,062 17,217,544,886 554,523,126 21,820,917,786 --------------------------------------------------------------------------------- 636,074,119 1,511,613,469 78,691,942 10,624,864,631 379,971,872 13,231,216,033 48,137,587 98,243,068 13,668,271 793,907,534 41,809,907 995,766,367 7,913,749 32,315,295 - (41,149,494) 920,450 - (11,033,797) (2,944,431) (5,272,751) (131,373,547) (48,233,570) (198,858,096) 681,091,658 1,639,227,401 87,087,462 11,246,249,124 374,468,659 14,028,124,304 --------------------------------------------------------------------------------- i) 7,863,437 8,815,249-34,050,073-50,728,759 -------------------------------------------------------------------------------- 712,911,597 883,459,370 28,393,600 5,937,245,689 180,054,467 7,742,064,723 =========== =========== =========== ============ =========== ============ 711,671,109 725,284,127 40,366,939 6,255,749,369 155,921,423 7,888,992,967 =========== =========== =========== ============ =========== ============ i) 2004 2003 2005 1 28 2004 12 31 7,273,332,431 (2003 5,811,311,768 ) 2004 12 31 5,274,997 (2003 3,611,602 )

14 351,623,061-1,140,925,690 10,800,203 (773,559,511) (5,795,735) 718,989,240 5,004,468 ------------------- =========== 718,989,240 =========== 351,623,061 =========== 4.941% (2003 0%) 2004 12 31 800 / 1,197,900,492 304,240,116 699,293,784 (644,603,717) 358,930,183 84% 10,800,203 45 / PTA 1,775,890,000-198,955,559-198,955,559 11% 140 / 684,470,000-150,173,632-150,173,632 22% 160,310,000 47,382,945 92,502,715 (128,955,794) 10,929,866 3,818,570,492 351,623,061 1,140,925,690 (773,559,511) 718,989,240 ========== ========= ========== ========== ========== 15 3,681,817 8,749,740 12,431,557 -------------- -------------- --------------

(377,003) (3,572,811) (3,949,814) (73,587) (874,974) (948,561) (450,590) (4,447,785) (4,898,375) -------------- -------------------------- 3,231,227 4,301,955 7,533,182 ======== ========= ========= 3,304,814 5,176,929 8,481,743 ======== ========= ========= 526 59 16 17,138,714 714,113 - (714,113) (17,138,714) - - - 30,675,843 2,556,320 - (2,556,320) (30,675,843) - - - 20,061,500 3,349,367 - (3,349,367) (20,061,500) - - - 942,932 619,845 - (619,845) (942,932) - - - 3A 817,882 136,315 - (136,315) (817,882) - - - 38,414,533 28,810,900 - (12,250,337) (21,853,970) (10,751,618) 5,808,945 6 3,724,375 2,453,446 - (2,453,446) (3,724,375) - - - 1,889,846 314,974 - (314,974) (1,889,846) - - - 3A (2#) 2,262,715 1,319,917 - (1,319,917) (2,262,715) - - - (2#) 3,189,640 797,408 - (797,408) (3,189,640) - - - (2#) 1,337,175 501,440 - (501,440) (1,337,175) - - - (2#) 10,984,604 1,373,076 - (1,373,076) (10,984,604) - - - (2#) 1,923,419 1,322,349 - (1,322,349) (1,923,419) - - - (2#) 422,514 334,490 - (334,490) (422,514) - - - CMF( ) 1,963,902 927,397 - (927,397) (1,963,902) - - - 88,212,000-88,212,000 (8,746,119) (8,746,119) (21,435,580) 58,030,301 42 142,556,701-142,556,701 (10,798,456) (10,798,456) (66,927,938) 64,830,307 42 25,128,205-25,128,205 (3,141,026) (3,141,026) - 21,987,179 42 (2#) 24,486,954-24,486,954 (3,060,869) (3,060,869) - 21,426,085 42 416,133,454 45,531,357 280,383,860 (54,717,264) (144,935,501) (99,115,136) 172,082,817 ========= ========= ========= ========= ========= ========= ========= 17 2004 2003 - - 100,000,000 4.536 40,000,000-39,382,540-40,000,000 139,382,540 -------------- ---------------

- - 150,000,000 4.536 4.779-150,000,000 40,000,000 289,382,540 2004 12 31 40,000,000 (2003 39,382,540 ) 35 35 5% 18 35 5% 2004 12 31 19 35 5% 2004 12 31 1 16,290,905 20 2004 2003 735,375,517 1,565,623,211 150,649,649 588,356,030 24,129,698 38,277,756

313,575,111 290,648,795 1,223,729,975 2,482,905,792 =========== =========== 35 5% 2004 12 31 735,375,517 23,749,536 21 2004 2003 / / / / / / 200,000,000 5.022% - - - 200,000,000 - ========= ========= 22 2004 2003 / / / / / / 800,000,000 2-5 5.022% 1,400,000,000 2-5 5.022% 800,000,000 1,400,000,000 ------------------ ------------------ 450,000,000 3 4.941% - - - - 430,000,000 20-438,339,160 20-880,000,000 438,339,160 ------------------ ------------------ 1,680,000,000 1,838,339,160 =========== =========== 35 5%

23 2004 2003 65 / (a) - 53,130,125 (b) 84,485,579 110,629,494 (c) 21,142,638 19,042,637 105,628,217 182,802,256 ========== ========== (a) 2000 [2000]385 65 / 311,570,000 65 / (b) 1997 268 (c) 24 2004 2003 1,980,000,000 1.00 1,980,000,000 1,980,000,000 350,000,000 A 1.00 350,000,000 350,000,000 2,330,000,000 2,330,000,000 =========== ===========

2004 2003 1,980,000,000 1.00 1,980,000,000 1,980,000,000 350,000,000 A 1.00 350,000,000 350,000,000 2,330,000,000 2,330,000,000 =========== =========== 1998 4 17 (98) 16 25 2,150,316,122 188,527 2,008,051 2,152,512,700 - ( 23(b)) - - 47,723,356 47,723,356 2,150,316,122 188,527 49,731,407 2,200,236,056 =========== ========= ========= =========== 26 372,004,708 362,499,080 334,561,282 1,069,065,070 467,859,703 2,511,570,000 467,859,703 3,447,289,406 839,864,411 2,874,069,080 802,420,985 4,516,354,476 =========== =========== =========== =========== 27 (a)

2005 4 8 2004 (i) (ii) (iii) 2004 10% 2004 10% 2,511,570,000 (b) (i) 2004 6 28 0.30 699,000,000 (2003 ) (ii) 2005 4 8 0.40 (2003 0.30 ) 932,000,000 (2003 699,000,000 ) 28 11,249,107,801 (2003 8,580,726,419 ) 35%(2003 39%) 29 2004 2003 292,974,884 262,568,467 112,536,977 82,530,946 64,306,844 47,160,540 229,729-470,048,434 392,259,953 ========== ==========

30 2004 2003 974,737,453 613,783,526 22,512,585 19,564,589 86,741,072 46,033,001 1,083,991,110 679,381,116 ------------------ ------------------ 971,944,149 607,310,247 1,249,448 1,085,835 48,758,970 14,265,912 1,021,952,567 622,661,994 ------------------ ------------------ 62,038,543 56,719,122 =========== =========== 31 2004 2003 116,472,286 141,837,626 : (10,800,203) - : ( 23(a)) (53,130,125) (104,083,088) 52,541,958 37,754,538 (24,517,040) (7,876,819) 952,935 129,968 28,977,853 30,007,687 =========== =========== 32 2004 2003 350,008 - - 134,559-484,567 - =========== ===========

33 2004 2003-15,140,000 3,790,585 64,287,380 4,004,462 5,400,000 24,411,849 22,353,611-50,728,759 37,339 1,324,970 32,244,235 159,234,720 =========== =========== 34 2004 2003 895,687,403 275,705,625 (i) - (278,006,025) (8,901,747) - 886,785,656 (2,300,400) =========== =========== (i) (1999)290 (2000)13 2003 266,843,181 2003 11,162,844 35 (a) 6

( ) 86,702,439 - - 86,702,439-30,000-30,000 % % % % 1,980,000 84.98 - - - - 1,980,000 84.98 - - 28,500 95 - - 28,500 95 (b) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 -, 34 35 (c) 2004 2003 (i) (13,969,690) (9,938,988) (ii) 11,038,202 7,091,336 (iii) 118,050 96,576 (iv) 134,322 80,877 (v) 25,691 - (vi) 29,793 27,825 (vii) 70,431 91,663 (viii) 320 25,000 (ix) (5,000) (13,621) (x) 66,010 63,430 (x) (25,702) (29,141) (xi) (956,108) (608,744) (xii) (99,009) (64,436) (xiii) (1,489) (951) (xiv) 13,135 4,339

(xv) 593,450 (55,116) (xvi) (654,000) (807,000) (xvi) 362,339 857,000 (xvii) 60,000 - (xvii) (350) - / (xviii) - (i) (ii) (iii) (iv) (v) 2004 (vi) (vii) (viii) (ix)

(x) 23(b) (xi) (xii) - (xiii) (xiv) (xv) / (xvi) (xvii) 2004-60,000,000 350,008 2004 264,450 (xviii) 2004 8 12 - - 10% - - - (d) 2004 2003-618,802-25,352-345,417 14,000 160,213 42 260,040 5,974 104,902 3,006 99,891 2,445 180,048

18 4,969-2,122-60,086 - - (147,189) (123,669) (100,289) (55,881) (2,796) (80,318) (135) (68,901) (24,130) (973,465) (38,278) (2,211,508) - - - (150,000) (430,000) (450,000) (438,339) - 36 2004 12 31 30,000,000 95% 28,500,000 [1996]2 2004 37 (a) 12 31 2004 2003 194,667 175,860 2,127,021 911,881 2,321,688 1,087,741 =========== =========== 800 / 45 / PTA 140 / (b) 12

31 2004 2003 28,510 28,390 27,910 28,390 27,750 28,270 1,165,500 1,193,250 1,249,670 1,278,300 =========== =========== (c) ( ) - - ( ) - 219,820,000 2004 6 30 - - - 219,820,000 10% 2004 - - 60,000,000 2007 6 16-159,820,000 38 2004 12 31-10% -

- ( 35(c)(xviii)) - - 39 1 - (2004 ) 2004 2003 (22,543,531) (22,353,611) 350,008 - (6,501,248) (70,432,401) 7,900,672 9,381,197 - (15,140,000) 65 / 53,130,125 104,083,088 - (480,335) (7,932,855) (648,027) 24,403,171 4,409,911 =========== =========== 40 2005 3 15 BP 50 50,000 25,000 50% 139,059 2007 41 2003 2003 1 1 2003 12 31 2

1 2 3 4