untitled

2008

2

2008 1 1 2008 12 31 A 1.00 H 1.00 3

5 7 10 17 26 33 36 45 56 58 2008 66 71 72 153 155 267 2008 268 4

ANHUI CONCH CEMENT COMPANY LIMITED ACC 0086 553 8398918 0086 553 8398931 00852 2111 3220 00852 2111 3299 0086 553 8398927 0086 553 8398931 dms@conch.cn 209 1011 241000 cement@conch.cn http://www.conch.cn 1 41 http://www.sse.com.cn H 0914 A 600585 1997 9 1 2008 6 26 340000000000081 34020214949036-X 34020214949036-X 5

20 15 1 41 10 8 12 8 H 183 17 6

2008 2007 2006 2005 2004 24,228,268 18,776,098 16,096,057 13,385,677 10,975,786 2,607,223 2,480,146 1,543,767 513,639 1,092,212 42,383,736 30,921,284 22,737,644 20,024,756 16,744,017 17,496,416 19,674,182 14,152,667 13,117,620 10,067,829 20072007 2004 2006 1 2,987,143 3,245,749 2,607,012 2,424,995 5,266,375 2 (1) 3,682 (2) 172,994 (3) 44,554 (4) 8,325 (5) 7,811 (6) (55,351) (7) 2 182,017 7

3 2008 2007 2006 2006 (%) 24,228,268 18,776,098 29.04 16,096,057 15,372,175 3,245,749 3,484,988 (6.86) 2,586,279 2,498,309 2,607,012 2,494,219 4.52 1,518,736 1,427,931 2,424,995 2,285,784 6.09 1,354,381 1,325,424 1.55 1.70 (8.82) 1.19 1.14 1.55 1.70 (8.82) 1.19 1.14 1.44 1.55 (7.10) 1.06 1.06 (%) 10.51 22.51 12 20.61 20.25 (%) 13.81 26.39 12.58 22.60 22.38 (%) 9.78 20.63 10.85 18.38 18.80 (%) 12.85 24.19 11.34 20.16 20.77 5,266,375 2,668,807 97.33 3,052,730 2,926,949 2.98 1.70 75.29 2.39 2.33 2008 2007 2006 2006 (%) 42,532,123 31,040,609 37.02 22,935,880 22,305,525 24,796,664 11,079,605 123.80 7,370,154 7,051,706 14.04 7.07 98.59 5.76 5.62 8

4 2005 87,898 15.95% 2006 251,136 16.54% 2007 5 2008 2007 1 1 1 1 2008 2007 12 31 12 31 12 31 12 31 2,607,012 2,494,219 24,796,664 11,079,605 3,838 3,838 (148,387) (152,225) 16 (3,627) (17,911) (226,804) (144,467) 2,607,223 2,480,146 24,421,473 10,782,913 9

+ (%) (%) 870,450,193 55.6-62,695,877-62,695,877 807,754,316 45.73 1. 582,451,147 37.2-62,784,000-62,784,000 519,667,147 29.42 2. 287,999,046 18.4 +88,123 +88,123 288,087,169 16.31 695,984,000 44.4 +200,000,000 +62, 695,877 +262,695,877 958,679,877 54.27 1. A 262,784,000 16.8 +200,000,000 +62, 695,877 +262,695,877 525,479,877 29.75 2. H 433,200,000 27.6 433,200,000 24.52 1,566,434,193 100 +200,000,000 +200,000,000 1,766,434,193 100 1 A62,784,000 2 20,000 A 559,696,000 62,784,000 496,912,000 2008 3 3 22,755,147 22,755,147 2010 5 25 287,999,046 287,999,046 2010 5 25 88,123 88,123 25% 870,450,193 62,784,000 88,123 807,754,316 2006 3 2 12 1,255,680,000125% 2410% 2007 3 7 2008 3 3 62,784,000125,568,000 496,912,0002009 3 2 10

1 2 200713.30 22,755,147 287,999,046 A 2007 4 24[2007]74 2007 5 25 3 2010 5 26310,754,193 A 1,255,680,0001,566,434,193 20,000 A 57.38 114.76 112.82 2008 4 3[2008]496 2008 5 14 2008 5 22 2008 6 30 20,000 A 1,566,434,1931,766,434,193 2008 A H 71.80 67.85 25.93 35.65 82.80 76.50 14.45 13.50 11

1 2 2008 12 3127,942H73 2008 12 31 (%) 1 1 629,957,260 35.66 A 2 2 432,684,997 24.49 H 3 287,999,046 16.30 A 4 17,653,600 1.00 A 5 UBS AG 15,038,154 0.85 A 6 Nomura Securities Co., Ltd. 15,000,000 0.85 A 7 JPMorgan Chase Bank, National Association 13,258,825 0.75 A 8 11,000,000 0.62 A 9 9,883,079 0.56 A 10 8,485,153 0.48 A 11 7,879,715 0.45 A (1) 629,957,260 A 35.66% 110,290,113 A6.24% 519,667,147 A (2) 432,684,997 H 24.49% H99.88% (3) (4) 5% 12

(5) 2008 12 31 571 336 629,957,260 47.25% A b a 629,957,260 47.25% A b a 917,956,306 68.85% A b a UBS AG 21, 584,580 4.98% H c d UBS AG 25,636,557 5.92% H c d JPMorgan Chase 95,475,990 22.04% & Co. H c e JPMorgan Chase & 1,421,538 0.33% Co. H c Morgan Stanley 50,392,080 11.63% H c f Morgan Stanley 16,226,617 3.75% H c f The Capital Group 39,166,800 9.04% Companies, Inc. H c g State Street 21,876,144 5.05% Corporation H c h Taiwan Cement 38,856,000 8.97% Corporation H c i 13

Genesis Asset 24,548,245 5.67% Managers, LLP H c FIL Limited 21,658,000 5.00% H c (a) 629,957,260 A 8 4.0851% 3.9249% 917,956,306 A 629,957,260 A 287,999,046 A (b) 1,333,234,193A (c) H433,200,000 (d) UBS AG 2009 1 5 2008 12 31 UBS AG 21,584,580 H 15,410,023 6,174,55725,636,557 H 14,649,0005,184,0005,803,557 (e) JPMorgan Chase & Co. 2008 12 31 JPMorgan Chase & Co. 95,475,990 H 2,851,338 57,096,000 35,528,652 (f) Morgan Stanley 2009 1 2 2008 12 30 Morgan Stanley (g) The Capital Group Companies, Inc. 2008 12 24 The Capital Group Companies, Inc. (h) State Street Corporation 2008 12 19 State Street Corporation (i) Taiwan Cement Corporation 2008 12 12 Taiwan Cement Corporation 2008 12 31 336 14

3 1996 11 8 8 4 2008 12 31 100% 51% 35.66% 15

5 10% 2002 11 5 380,528,600 6 2008 12 31 2008 12 31 2008 12 31 2008 12 31 16

54 2007 6 1 2010 5 31 46 2007 6 1 2010 5 31 67 2007 6 1 2010 5 31 46 2007 6 1 2010 5 31 51 2007 6 1 2010 5 31 46 2007 6 1 2010 5 31 55 2007 6 1 2010 5 31 51 2007 6 1 2010 5 31 52 2007 6 1 2010 5 31 77 2007 6 1 2010 5 31 37 2008 4 18 2010 5 31 44 2007 4 12 2010 4 11 47 2007 4 12 2010 4 11 43 2007 4 12 2010 4 11 45 2007 4 12 2010 4 11 47 2007 4 12 2010 4 11 44 2008 3 27 2010 4 11 45 2007 4 12 2010 4 11 A 2009 2 12 A 0 88,123 [2007]56 17

1997 1 1997 1 1) 2005 12 2) 2000 5 2005 10 3) 2005 10 2008 4 4) 1996 8 1997 1 1) 1996 8 2) 2005 11 2003 12 1998 12 1) 2000 5 2) 2007 10 3) 2006 9 18

1997 1 2002 7 1) 2004 3 2) 2005 12 3) 2006 9 4) 2006 9 5) 2006 9 6) 2006 8 7) 2007 5 8) 2005 11 1) 2007 9 2) 2005 12 1) 2006 12 2) 2006 11 19

1980 30 1980 MBA MBA 1982 1980 1980 FCPA of the Hong Kong Institute of Certified Public Accountants CPA of CPA Australia G2000 20 20

1982 1956 1962 1997 1994 1989 1984 1990 1982 21

1987 1981 2008 3 27 2008 3 27 2008 4 18 22

18 XV 35210 1 2008 102,345 270,167 12,038 384,550 23

2 50,000 100,000 30,000 180,000 3 672,559 1,176,469 1,170,014 1,174,749 961,532 971,077 760,661 6,887,061 1. 2. 24

4 9 2008 12 3123,945 16,035 8223,258434 319 10,9354,657 65,007 6(b) 2008 12 31 9,807 2008 12 31 3,279 25

1997 2002 2008 [2008]116 [2008]29 [2008]175 2008 2008 2008 12 31 2003 56 2005 120 7. 1 26

2 3 4 5 1 14 27

2 10 3 47 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% A 28

4 (a) (b) (c) (a) (b) (c) (d) (e) (f) 5 3.13 6 4 2008 3 27 2008 3 27 i 2007ii 2008 29

2008 7 (1) 2008 1 14-- KPMG 2007 (2) 2008 1 17 2007 2007 (3) 2008 3 19 2007 (4) 2008 3 24(i) 2007 12 31 (ii) 2007 12 31 (iii) (iv)2007 (5) 2008 3 26 KPMG 2007 KPMGKPMG 2007 (6) 2008 8 14(i) 2008 (ii)2008 30

2008 12 31 (1) 2008 KPMG (2) 2008 (3) 2009 3 25 KPMG 2008 KPMGKPMG 2008 2008 8 2007 2008 12 31 KPMG 2008 12 31 425 KPMG 2006 KPMG 6 KPMG2006 12 31 3 14 14 (1) 31

(2) (3) (4) (5) 32

2007 2008 6 2 2007 2008 6 3 33

2008 GDP9.0% 2.4 25.5%0.7 2008 2008 13.88 5.2%4.48 8.58 2007 52.57% 61.82%9.25 2008 1 2,392,699 29.26%260,7014.52% 1.55 2,422,82729.04% 260,7225.12% 1.55 8,168 16.90% 7,711 20.30% 2008 104 13 24 40.3 19.2 2008 36

2008 5 5000t/d1 2500t/d 19 990 1,495 2008 8,586 9,460 2008 2008 1,200 10,206 17.96% 2008 2007 (%) (%) (%) 1 10,406,404 43.50 7,325,028 39.57 42.07 3.93 2 5,987,365 25.02 4,636,892 25.05 29.12 (0.03) 3 4,716,103 19.71 3,626,334 19.59 30.05 0.12 4 120,311 0.50 2,696,808 11.27 2,922,962 15.79 (7.74) (4.52) 23,926,991 100 18,511,216 100 29.26 1 2 3 4 42.07% 30.05% 29.12% 7.74% 42.5 37

安 徽 海 螺 水 泥 股 份 有 限 公 司 管 理 層 討 論 及 分 析 42.5 49.82% 42.5 46.44% 21.14% 2008 2007 23.10% 32.5 29.04% 32.5 30.46% 2008 2007 ( 千 元 ) % 主 營 業 務 收 入 23,926,991 18,511,216 29.26 營 業 利 潤 2,987,143 3,170,584 (5.79) 利 潤 總 額 3,245,749 3,484,988 (6.86) 歸 屬 於 上 市 公 司 股 東 的 淨 利 潤 2,607,012 2,494,219 4.52 經 營 性 現 金 淨 流 量 5,266,375 2,668,807 97.33 報 告 期 內, 本 集 團 主 營 業 務 收 入 為 2,392,699 萬 元, 同 比 增 長 29.26%, 主 要 得 益 於 銷 量 的 增 加 和 綜 合 價 格 的 上 漲 ; 但 受 煤 炭 等 原 燃 材 料 價 格 大 幅 上 漲, 產 品 成 本 上 升 幅 度 高 於 銷 售 價 格 上 漲 幅 度, 使 營 業 利 潤 和 利 潤 總 額 同 比 分 別 減 少 了 5.79% 和 6.86% 38

二 零 零 八 年 度 報 告 管 理 層 討 論 及 分 析 2008 (%) (%) 42.5 水 泥 11,920,034 9,197,878 22.84 30.87 (8.03) 32.5 水 泥 6,948,773 4,703,039 32.32 36.20 (3.88) 熟 料 5,058,184 4,019,954 20.53 26.61 (6.08) 綜 合 23,926,991 17,920,871 25.10 31.51 (6.41 ) ( 註 : 上 述 42.5 級 水 泥 包 括 42.5 級 和 42.5 級 以 上 的 水 泥 ) 2008 年, 本 集 團 綜 合 毛 利 率 為 25.10%, 較 上 年 下 降 6.41 個 百 分 點, 其 中 熟 料 毛 利 率 下 降 6.08 個 百 分 點,42.5 級 和 32.5 級 水 泥 毛 利 率 分 別 下 降 8.03 和 3.88 個 百 分 點, 主 要 是 受 煤 炭 等 原 燃 材 料 價 格 大 幅 上 漲 的 影 響, 綜 合 平 均 成 本 大 幅 上 升 ; 報 告 期 內, 本 集 團 能 源 支 出 佔 總 成 本 的 比 重 達 70.68%, 同 比 上 升 4.31 個 百 分 點 2008 2007 年 金 額 (%) (%) ( 千 元 ) 營 業 費 用 1,366,425 1,219,228 5.71 6.49 (0.78) 管 理 費 用 841,233 720,757 3.52 3.84 (0.32) 財 務 費 用 ( 淨 額 ) 751,236 607,127 3.14 3.23 (0.09) 合 計 2,958,894 2,547,112 12.37 13.57 (1.20 ) 39

1.2 2008 2007 % 22,435,101 18,860,176 18.95 20,097,022 12,180,433 64.99 42,532,123 31,040,609 37.02 446,539 229,507 94.56 3,470,636 1,930,815 79.75 11,174,234 9,600,434 16.39 6,089,682 9,892,411 (38.44) 471,543 468,159 0.72 24,796,664 11,079,605 123.80 42,532,123 31,040,609 37.02 20,000 A1,128,206 2008 12 31 4,253,212 37.02% 1,726,39211.43% 2,479,666 123. 80% 2008 12 31 2,009,702 64.99% 2008 12 31 44,654 94.56% 30 347,064 79.75% 21.76 2008 12 31135.33 111.74 1.21 10.73 1 40.59% 22.21 2008 12 311,387,245 1,117,423 0.161.19 40

2008 12 31 2008 12 31 ( ) 2007 12 31 ( ) 1 4,795,176 4,937,633 1-2 2,609,000 4,265,300 2-5 2,624,000 4,324,000 5 800,455 1,232,727 10,828,631 14,759,660 2008 12 31 A 47,83840,000 2008 ( ) 2007 ( ) 5,266,375 2,668,807 (6,360,020) (5,735,330) 6,433,149 3,142,997 5,339,504 76,474 1,411,707 1,335,233 6,751,211 1,411,707 526,638 259,757 41

51 2008 12 31 2008 12 31 ( ) 2007 12 31 ( ) 4,219,590 2,877,795 7,685,571 6,148,976 11,905,161 9,026,771 3 1115 51 (1) (2) (3) (4) (5) (6) 1. 2. 326,901 (241,102) 1,201,757 326,901 (241,102) 1,201,757 42

(1) (2) (3) (4) (5) (6) 1. 2. 103,597 80,803 3. 4. 103,597 80,803 3,141 ( 51(4)) 3 2 2009 2009 4 2009 8% 2009 2009 43

安 徽 海 螺 水 泥 股 份 有 限 公 司 管 理 層 討 論 及 分 析 2009 年, 本 集 團 計 劃 安 排 資 本 性 支 出 約 80 億 元, 資 金 主 要 來 源 於 自 有 資 金 銀 行 貸 款 以 及 部 分 募 集 資 金, 用 於 水 泥 熟 料 生 產 線 以 及 餘 熱 發 電 項 目 的 建 設 本 集 團 將 加 快 甘 肅 平 涼 四 川 達 州 和 廣 元 重 慶 忠 縣 等 項 目 的 建 設 ; 穩 步 推 進 安 徽 全 椒 湖 南 臨 湘 等 日 產 5000 噸 水 泥 熟 料 生 產 線 項 目 以 及 安 徽 六 安 江 西 贛 江 年 產 200 萬 噸 粉 磨 站 等 項 目 的 工 程 建 設 ; 積 極 做 好 陝 西 禮 泉 和 千 陽 等 項 目 的 開 工 準 備 和 建 設 以 及 安 徽 3 條 日 產 12000 噸 熟 料 生 產 線 的 相 關 準 備 工 作 目 前, 本 集 團 的 在 建 項 目 大 都 集 中 於 西 部 區 域, 預 計 可 於 2009 年 底 和 2010 年 初 陸 續 投 產, 這 些 市 場 前 景 良 好, 項 目 建 成 後 對 提 升 本 集 團 的 效 益 將 會 發 揮 重 要 作 用 2009 年, 預 計 本 集 團 將 新 增 熟 料 產 能 2,160 萬 噸, 新 增 水 泥 產 能 2,530 萬 噸, 公 司 的 規 模 優 勢 更 加 明 顯 此 外, 本 集 團 將 繼 續 加 大 節 能 技 術 的 創 新 和 推 廣, 加 快 餘 熱 發 電 項 目 建 設, 加 強 餘 熱 發 電 日 常 運 行 管 理, 提 高 運 行 效 率 2009 年, 本 集 團 計 劃 將 有 13 套 餘 熱 發 電 機 組 建 成 投 入 運 營, 新 增 餘 熱 發 電 裝 機 容 量 19.8 萬 千 瓦, 使 本 集 團 餘 熱 發 電 裝 機 容 量 達 到 60 萬 千 瓦, 年 發 電 量 可 達 45.6 億 千 瓦 時, 可 以 大 幅 降 低 生 產 成 本, 提 升 公 司 的 市 場 競 爭 能 力 和 經 營 效 益, 同 時, 社 會 效 益 也 十 分 可 觀, 按 同 口 徑 火 力 發 電 計 算, 相 當 於 節 約 標 準 原 煤 173 萬 噸, 減 少 二 氧 化 碳 排 放 390 萬 噸 2009 年, 雖 然 公 司 的 經 營 和 發 展 面 臨 著 宏 觀 環 境 等 諸 多 不 確 定 因 素 所 帶 來 的 壓 力, 但 公 司 管 理 層 堅 信, 危 機 中 蘊 含 著 機 遇, 挑 戰 中 蘊 藏 著 希 望, 我 們 將 積 極 實 施 發 展 規 劃, 扎 實 穩 健 經 營, 以 優 良 的 業 績 回 報 廣 大 股 東 藉 此 機 會, 公 司 管 理 層 亦 向 長 期 支 持 本 公 司 經 營 和 發 展 的 廣 大 股 東 表 示 誠 摯 的 感 謝! 44

300 50023 1 1,147,600 1,128,206 1 2 4500t/d 70,221 69,218 6,246 2 4 4500t/d 153,018 86,752 6,808 3 2 4500t/d 118,596 62,281 626 4 5000t/d 52,908 50,000 479 5 4500t/d 33,368 29,169 3,167 6 4000t/d 45,320 30,189 12,908 7 2 18MW 26,273 17,549 8,361 8 2 18MW 8,819 8,554 4,485 1 9 2 18MW 26,277 8,932 1,781 10 18MW 13,292 7,744 2,293 11 9,354 5,634 3,805 12MW 45

12 18MW 13,165 12,060 7,068 13 16.3MW 30.5MW 37,146 33,582 23,970 14 11.6MW 17MW 21,653 18,107 15,643 15 15MW 18.5MW 27,506 26,831 16,706 16 18MW 13,302 4,928 426 17 18MW 13,303 7,785 547 18 18MW 13,304 5,530 533 19 18MW 13,000 6,681 655 20 24MW 17,513 8,517 190 21 4500t/d 43,310 30,694 22 4000t/d 40,600 28,455 23 4000t/d 37,836 20,364 24 4500t/d 27,722 8,234 25 18MW 13,000 5,973 26 18MW 13,297 62 27 9.1MW 6,500 3,332 28 33,000 11,843 418 29 15,434 377 30 3,844.5 1,550 3,417 31 200,000 199,800 5,786 1,161,882 810,727 126,318 46

2009 2 172009 H 2 18MW 2 18MW2 120,123 1 90,370 30,000 4500 220 18MW 2 78,785 30,000 4500 220 18MW 3 71,617 30,000 4500 220 18MW 4 76,725 30,000 4500 220 9MW 317,497 120,000 5 123 317,497 120,123 2008 12 312009 1 5 47

2 1 2500 25,447 442 9MW 2 320 6,350 2,407 3 320 8,105 32 4 2 4500 22,515 5 20,643 2 500018MW 220 6 9MW 4,593 7 220 10,663 8 220 5,553 9 330 3,187 107,056 2,881 9MW 09 1 3 (1) 2008 1 3 8,000100% (2) 2008 4 8 15,000 100% 48

(3) 2008 4 8 15,000100% (4) 2008 4 20 8,000100% (5) 2008 5 8 10,000100% (6) 2008 5 23 8,000100% (7) 2008 6 27 18,000100% (8) 2008 7 2 20,000100% (9) 2008 7 17 18,000100% (10) 2008 7 23 15,000100% (11) 2008 7 29 15,000100% 49

(12) 2008 8 15 18,000100% (13) 2008 8 8 2,055 100% (14) 2008 9 19 16,000 50% (15) 2008 9 26 16,00050% 2008 12 31 69 23 17 18 19 1 580,000 2,300,149 1,171,376 1,711,834 387,527 259,349 2 565,000 3,636,572 1,497,563 2,576,662 534,828 231,246 3 318,000 2,849,887 961,927 2,055,372 369,349 202,190 40.67% 50

1 2 3 4 5 6 7 8 9 2008 3 12 2008 3 272007 2008 3 28 2008 3 28 4 8 4 20 2008 4 21 2008 4 22 2008 5 12 2008 5 13 2008 5 19 6 10 2008 6 13 15 2008 6 16 2008 6 20 2008 6 24 10 2008 7 3 2008 7 4 11 2008 7 11 14 16 8 8 100% 51

12 2008 8 14 2008 8 15 13 2008 9 15 14 2008 10 21 2008 10 22 15 2008 12 312008 2 A 2009 A H 2009 1 5 1 2007 2 A 20072008 4 3 [2008]496 2008 5 14 20,000 A 57.38114.76 112.822008 5 22 2008 6 26 1,566,434,193 1,766,434,193 1,566,434,1931,766,434,193 52

2008 260,701260,722 2008 12 31 (1) 10%12,577 (2) 2008 12 311,766,434,193 0.30 52,993 2008 2008 2008 1 1 2008 11 6H 2008 897 H 10% H H 2008 2008 H 733 5 4348 53

2008 12 31 22.519.29% 2.67% 34.04 14.28% 3.95% 5%2008 12 31 2008 12 31 14 2008 12 31 4,238,3741,146,246 2008 12 31 36 2008 12 31 3031322008 12 31 9,279 6 54

二 零 零 八 年 度 報 告 董 事 會 報 告 本 集 團 進 口 少 量 的 設 備 耐 火 磚 及 備 件 一 般 採 用 美 元 或 歐 元 結 算, 出 口 水 泥 熟 料 一 般 採 用 美 元 結 算, 上 述 外 幣 兌 人 民 幣 的 匯 率 若 發 生 變 化 將 影 響 本 集 團 的 購 買 成 本 及 出 口 收 入 為 規 避 匯 率 風 險, 在 進 口 方 面, 對 於 採 用 美 元 結 算 的 設 備, 本 集 團 直 接 用 出 口 收 取 的 美 元 支 付 ; 採 用 歐 元 結 算 的 設 備, 本 集 團 參 考 一 些 專 業 金 融 機 構 提 供 的 建 議, 並 分 析 歐 元 區 經 濟 情 況, 特 別 是 金 融 危 機 對 其 影 響, 判 斷 和 預 測 歐 元 匯 率 變 動 趨 勢, 並 結 合 付 款 安 排, 通 常 採 用 遠 期 合 約 或 即 期 購 匯 等 不 同 方 式 來 規 避 歐 元 匯 率 變 動 風 險 在 出 口 方 面, 美 元 兌 人 民 幣 上 半 年 單 邊 升 值 較 快 而 下 半 年 相 對 穩 定, 針 對 上 半 年 人 民 幣 升 值 較 快, 市 場 上 缺 乏 有 效 對 沖 工 具 的 情 況, 本 集 團 一 般 採 用 提 前 回 籠 貨 款, 或 者 以 及 時 結 匯 和 遠 期 合 約 的 方 式 來 規 避 匯 率 變 動 風 險 ; 針 對 下 半 年 匯 率 相 對 穩 定 的 情 況, 密 切 關 注 匯 率 變 化, 力 爭 以 更 好 的 價 格 結 匯 另 外, 在 出 口 資 金 風 險 控 制 上, 針 對 金 融 危 機 影 響 造 成 出 口 資 金 風 險 加 大, 本 集 團 及 時 調 整 風 險 控 制 政 策 : 一 是 提 高 發 貨 前 電 匯 收 款 的 比 例 ; 二 是 嚴 格 控 制 外 方 客 戶 出 具 信 用 證 銀 行 風 險 ( 要 求 從 資 信 良 好 的 銀 行 出 具 信 用 證, 利 用 滙 豐 等 外 資 銀 行 的 全 球 網 絡 平 臺 及 時 查 詢 出 具 信 用 證 銀 行 的 資 信 情 況 ); 三 是 對 信 用 證 結 算, 採 取 一 對 一 的 全 程 跟 蹤 策 略, 從 出 具 信 用 證 發 貨 交 單 收 款 加 強 環 節 控 制, 確 保 安 全 收 匯 報 告 期 內, 本 公 司 國 內 信 息 披 露 報 紙 未 發 生 變 更, 仍 為 上 海 證 券 報 55

2008 1 2 3 4 5 2008 3 27 2007 2007 2007 2007 2008 4 21 2008 2008 8 14 2008 6 30 2008 2008 10 21 2008 2008 12 312008 2 A 2008 1 2008 2 2008 KPMG 56

3 4 5 57

12 3938.57 1 (%) 600318 98,019,695 16.28 121,307,956 (205,593,354) 000401 1,015,614,838 8.22 986,675,887 (211,704) (22,045,819) 600720 105,975,578 29,757,975 600802 94,632,878 1.56 23,329,472 (817,672) (6,316,408) 600801 80,608,336 0.56 33,734,218 2,743,803 493,008 000789 54,191,978 916,270 000885 44,705,054 3.74 36,709,965 (36,840) (7,639,703) 1,493,748,357 1,201,757,498 32,351,832 (241,102,276) 1 3938.57 2007 6 2 58

2 000401 2,567,241 2,567,241 36,503,743 12,273,342 000898 60,000 60,000 1,214,579 (174,002) 601390 70,000 70,000 525,866 9,085 600710 100,000 100,000 399,897 (56,205) 600143 50,000 50,000 245,663 33,308 600016 100,000 100,000 424,158 (14,696) 000983 50,000 50,000 526,313 131,378 2,997,241 2,997,241 39,840,219 12,202,210 1 2,567,241 2 6 3 59

1 1 1997 9 23 CONCH 151.3 2 2008 7 3, 2008 1 1 2010 12 31 75% 25% 35 8,455 10,740 2008 7 32008 7 4 60

3 2008 7 3 2008 1 1 2010 12 31 447 519 1,600 2008 7 32008 7 4 2 2008 7 3, 23,575 50% 16.3% 2008 7 32008 7 4 61

3 2008 7 3, 16 CK-450 44,800 50% 16.3% 18,060 2008 7 32008 7 4 4 2008 7 3 18 4,045 35.66% 2002 868 2008 7 32008 7 4 62

5 2008 7 3 A A 2,180 32% 81% 1,445 2008 7 32008 7 4 113 1 2 3 63

1 2 20,000 2008 12 31 72,000 2.94% 50% 70%20,000 2008 6 6 6,0002007 12 31 6,377 2008 12 31 7.93 International Finance Corporation6.5 3 2008 6 13 A B 15 A B A 104.98% B 55.01% A 2008 7 14 10 415B 2008 8 13 5 417.5 64

4 5%2007 5 25 2006 2007 2008 31,919.80 1.00 2006 2007 200834,865.50 31,919.80 65

2009 6 5 10112008 1 2 3 4 5 6 2008 12 31 2008 12 31 2008 12 31 (2006) 2008 2008 1 71.32% 2,000 16,000 2 74.13% 5,000 3 72.08% 7,000 4 74.75% 7,000 30,000 25,000 5 80.61% 20,000 40,000 6 84.04% 19,000 10,000 11,000 7 70.00% 5,000 197,000 100% 66

7 A A A 8 (a) (c) (d) (i) (ii) (iii) (iv) (v) (vi) (b) (c) (a) (a) (20%) 67

(d) (e) (a) (i) (ii) (i) (ii) (iii) 12 (f) (g) (a) (a) 120% H (a) 9 (1) 95 (2) 5710 (3) (4) 100 (5) (6) AA 68

(7) 24 (8) (a) (i) 2 (a) (b) (c) (d) (e) (f) (g) (h) (i) 69

2009 5 5 H (1) H 2009 5 15H (2) (1) (2) H 2009 5 6 6 5 H 2009 5 5 H HA 1011 241070 86-553-8398927 86-553-8398931 H 183 17 852-2862 8628 852-2529 6087 70

72 152 10 8 71

2008 2007 4,13 24,228,268 18,776,098 (18,320,590 ) (13,047,187 ) 5,907,678 5,728,911 5 324,303 325,901 5 60,719 17,343 (1,366,425) (1,219,228) (840,435) (722,049) 4,085,840 4,130,878 6(a) (820,758) (633,161) 4,356 3,706 (351) 6 3,269,087 3,501,423 7(a) (591,080 ) (813,197 ) 2,678,007 2,688,226 10,36(a) 2,607,223 2,480,146 36(a) 70,784 208,080 36(a) 2,678,007 2,688,226 11 529,930 12 1.55 1.69 1.55 1.69 81 152 72

2008 2007 14(a) 25,166,895 21,469,915 1,263,652 999,377 26,430,547 22,469,292 15(a) 248,203 231,520 16 16,120 16,120 18 163,281 162,925 19 159,649 20 222,745 199,306 21 10 10 22 1,201,757 326,901 33(b) 68,970 79,642 28,511,282 23,485,716 23 1,870,366 1,562,552 24 4,203,103 3,470,929 25 635,605 530,464 27 344,846 423,140 33(a) 19,170 30,799 48,153 5,977 6,751,211 1,411,707 13,872,454 7,435,568 28 3,470,634 1,930,814 29 2,395,096 2,240,716 31 4,795,176 4,937,633 27 220,313 108,013 34 7,325 9,156 33(a) 285,686 406,998 11,174,230 9,633,330 2,698,224 (2,197,762 ) 31,209,506 21,287,954 73

2008 2007 30(a) 6,033,455 9,822,027 34 33,231 50,053 35 235,593 148,441 33(b) 19,907 20,331 6,322,186 10,040,852 24,887,320 11,247,102 36(a) 1,766,434 1,566,434 22,655,039 9,216,479 24,421,473 10,782,913 465,847 464,189 24,887,320 11,247,102 2009 3 30 81 152 74

2008 2007 14(b) 1,050,089 641,104 53,218 54,412 1,103,307 695,516 15(b) 17,863 5,243 17 14,243,378 13,054,151 18 157,429 157,429 19 160,000 21 10 10 22 1,201,757 326,901 33(b) 11,285 15,086 16,895,029 14,254,336 23 231,818 64,593 24 1,455,589 922,835 25 45,389 55,816 26 7,078,748 3,858,477 27 8,400 42,981 3,891 5,395,169 469,639 14,258,094 5,375,251 28 1,399,164 649,232 29 241,173 155,863 31 1,388,950 463,214 26 2,344,547 3,572,441 27 106,128 108,013 33(a) 37,756 26,558 5,517,718 4,975,321 8,740,376 399,930 25,635,405 14,654,266 75

2008 2007 30(a) 1,300,000 2,650,000 35 17,926 12,692 1,317,926 2,662,692 24,317,479 11,991,574 36(b) 1,766,434 1,566,434 22,551,045 10,425,140 24,317,479 11,991,574 2009 3 30 81 152 76

2008 2007 1 1 11,247,102 8,584,977 36(a) (241,102) 228,882 36(a) 2,678,007 2,688,226 2,436,905 2,917,108 2,366,121 2,709,028 70,784 208,080 36(a) (251,136) 36(a) (54,275) (3,847) (54,275 ) (254,983 ) 36(a) 11,282,057 36(a) (24,469) 11,257,588 12 31 24,887,320 11,247,102 81 152 77

2008 2007 3,269,087 3,501,423 14(a) 1,402,632 1,110,079 6(c) (977) 2,856 14(a) 24,556 22,526 15(a) 12,966 10,906 6(a) 820,758 633,161 5 (72,862) (23,607) (4,356) (3,706) 351 5 (3,682) 5,994 5 (532) 5 (12,202) 5 (32,352) 5,403,919 5,259,100 (307,814) (289,673) (731,014) (2,527,567) (102,873) 67,420 (5,536) (7,255) 1,539,820 911,307 94,470 66,754 (2,583) 6,507 (18,653) 10,706 87,152 19,623 5,956,888 3,516,922 78

2008 2007 5,956,888 3,516,922 (690,515) (849,885) (913,603) (735,563) 4,352,770 1,931,474 (4,835,511) (5,386,450) 34,338 23,706 (280,831) (152,551) (36,164) (43,450) (41,771) 53,973 (1,500,000) 1,500,000 (46,841) (134,625) 12,417 32,132 (1,386,171) (98,019) 302,565 72,862 23,607 (160,000) 690 4,000 4,000 (10,709) (42,176) (2,598) (6,360,019 ) (5,733,558 ) 79

2008 2007 11,282,057 5,098,414 7,684,133 (9,029,443) (3,550,592) (4,275) (3,847) (251,136) 7,346,753 3,878,558 5,339,504 76,474 1 1 1,411,707 1,335,233 12 31 6,751,211 1,411,707 81 152 80

1 1997 9 1 209 2009 3 30 2 (a) 3 (b) 2008 12 31 2(f) 2(g) 2(z) 81

2 (b) 44 (c) 2(m) 2(z) 82

2 (d) 2(z) 2(e) 2(m) 2(z) 2(m) (e) 2(m) 83

2 (f) 2(v)(ii) 2(m) 2(m) 2(v)(ii) 2(m) (g) (h) 84

2 (i) 2(m) 2(y) 30 15 5 5-10 (j) 2(y)) 2(i) 85

2 (k) 2(m) 5-30 5-10 (l) (m) (i) 2(m)(ii)) 86

2 (m) (i) 87

2 (m) (ii) 2(z) 88

2 (m) (ii) (iii) 6 34 2(m)(i) (ii) (n) 89

2 (o) 2(m) (p) (q) 2(u)(i) (r) 3 (s) 90

2 (t) 91

2 (t) (u) (i) (i) (ii) 2(u)(iii) 92

2 (u) (ii) 2(u)(iii) 2(u)(iii) (iii) (v) (i) (ii) (iii) 93

2 (v) (iv) (w) (x) (y) (z) 94

2 (z) 2 (aa) (i) (ii) (iii) (iv) (v) (vi) (i) 95

2 (bb) 3 11 2 12 1419 39 7 44 96

4 2008 2007 23,926,991 18,511,216 215,825 228,093 85,452 36,789 24,228,268 18,776,098 5 2008 2007 8,325 64,537 23,607 72,862 23,607 251,441 302,294 324,303 325,901 97

5 2008 2007 3,682 (5,994) 12,202 32,352 532 9,001 4,701 3,482 18,104 60,719 17,343 6 2008 2007 (a) 5 775,269 659,392 5 79,892 51,937 58,391 31,176 913,552 742,505 * (92,794 ) (109,344 ) 820,758 633,161 * 4.86%-7.04% 2007 5.02%-6.88% 98

6 2008 2007 (b) 98,065 66,805 762,216 572,182 34(a) 23,655 860,281 662,642 2008 2007 (c) (19,501) (12,597) 24,556 22,526 12,966 10,906 1,402,632 1,110,079 (1,160) (3,673) 183 6,529 4,230 8,810 20 30 99

7 (a) 2008 2007 568,194 826,579 12,638 15,860 580,832 842,439 10,248 (44,243) 12 31 15,001 10,248 (29,242 ) 591,080 813,197 2007 2008 25% 2007 33% i 18% i 18% i 18% ii 12.5% iii 0% iv 0% v 0% 100

7 (a) (i) 20085 25% 2008 18% 2009 20% 2010 22% 2011 24% 2012 25%2008 18% (ii) 2006 2008 12.5% (iii) 2010 12 312008 0% (iv) 2009 12 3120080% (v) 2011 12 31 2008 0% (b) 2008 2007 3,269,087 3,501,423 25% (2007 33%) 817,272 1,155,470 (106,969) (303,353) (40,784) (19,816) 4,460 14,303 (6,836) (7,902) (4,684) (34,172) 2,341 (91,042) (17,510) 12,638 15,860 15,001 591,080 813,197 101

8 161 2008 * * * * 94 566 12 672 50 50 * 100 100 * 30 30 * 102 271 12 385 * 376 837 24 1,237 * 102

8 2007 * * * * 92 447 9 548 50 50 50 50 100 100 * 30 30 77 100 9 186 399 547 18 964 * 9 2007 82007 2008 2007 492 520 4,902 3,606 60 44 5,454 4,170 103

9 2007 2008 2007 881,9001,000,000 5 881,9011,000,001 1,322,850 1,500,000 5 10 256,301,000 11 (a) 2008 2007 0.30 2007 529,930 (b) 2008 2007 2007 0.20 251,136 104

12 (a) 2008 12 31 2,607,223,000 2007 2,480,146,000 2008 12 31 1,683,101,000 2007 1,470,434,000 2008 2007 1 1 1,566,434 1,278,435 2007 4 191,999 2008 5 116,667 12 31 1,683,101 1,470,434 (b) 2007 2008 12 31 13 90% 105

13 2008 2007 21,531,460 15,853,136 2,696,808 2,922,962 24,228,268 18,776,098 14 (a) 2007 1 1 7,210,635 11,528,947 373,513 441,694 2,137,914 21,692,703 960,431 22,653,134 120,186 28,859 5,126 36,914 5,298,192 5,489,277 152,551 5,641,828 1,799,930 2,982,264 22,829 21,346 (4,826,369) (43,796) (61,390) (164) (5,402) (110,752) (110,752) (9,227) (9,227) 9,227 2007 12 31 9,077,728 14,478,680 401,304 494,552 2,609,737 27,062,001 1,122,209 28,184,210 2008 1 1 9,077,728 14,478,680 401,304 494,552 2,609,737 27,062,001 1,122,209 28,184,210 106,206 215,360 14,423 88,613 4,705,666 5,130,268 288,831 5,419,099 1,652,483 2,895,780 12,942 22,404 (4,583,609 ) (25,444 ) (28,400 ) (1,255 ) (21,199 ) (76,298 ) (76,298 ) 2008 12 31 10,810,973 17,561,420 427,414 584,370 2,731,794 32,115,971 1,411,040 33,527,011 106

14 (a) 2007 1 1 1,085,485 3,007,330 249,412 220,834 551 4,563,612 100,306 4,663,918 249,738 769,756 36,356 54,229 1,110,079 22,526 1,132,605 (23,571) (56,164) (563) (756) (551) (81,605) (81,605) 2007 12 31 1,311,652 3,720,922 285,205 274,307 5,592,086 122,832 5,714,918 2008 1 1 1,311,652 3,720,922 285,205 274,307 5,592,086 122,832 5,714,918 308,683 970,903 53,855 69,191 1,402,632 24,556 1,427,188 (4,038) (21,428) (1,190) (18,986) (45,642) (45,642) 2008 12 31 1,616,297 4,670,397 337,870 324,512 6,949,076 147,388 7,096,464 2008 12 31 9,194,676 12,891,023 89,544 259,858 2,731,794 25,166,895 1,263,652 26,430,547 2007 12 31 7,766,076 10,757,758 116,099 220,245 2,609,737 21,469,915 999,377 22,469,292 (i) (ii) 2008 2008 2007 2008 12 31 644,616,000 2007 691,477,000 650,000,000 2007 650,000,000 2008 12 31 2007 12 31 63,768,000 60,000,000 (iii) 2008 12 3174,921,000 2007 60,000,000 107

14 (b) 2007 1 1 355,026 655,645 6,463 30,366 15,228 1,062,728 50,000 1,112,728 1,706 3,610 468 1,775 68,694 76,253 76,253 3,800 5,187 (8,987) (16,538) (11,702) (46) (110) (28,396) (28,396) (9,227) (9,227) 9,227 2007 12 31 334,767 652,740 6,885 32,031 74,935 1,101,358 59,227 1,160,585 2008 1 1 334,767 652,740 6,885 32,031 74,935 1,101,358 59,227 1,160,585 165,833 303,661 3,301 3,025 475,820 475,820 368 1,755 351 1,389 10,310 14,173 14,173 6,316 55,740 (62,056) (1,524) (13,634) (250) (7,826) (23,234) (23,234) 2008 12 31 505,760 1,000,262 10,287 28,619 23,189 1,568,117 59,227 1,627,344 2007 1 1 124,958 280,078 5,685 22,962 433,683 3,333 437,016 10,935 32,540 198 2,334 46,007 1,482 47,489 (9,874) (9,416) (36) (110) (19,436) (19,436) 2007 12 31 126,019 303,202 5,847 25,186 460,254 4,815 465,069 2008 1 1 126,019 303,202 5,847 25,186 460,254 4,815 465,069 20,080 54,658 571 2,644 77,953 1,194 79,147 (1,231) (11,084) (241) (7,623) (20,179) (20,179) 2008 12 31 144,868 346,776 6,177 20,207 518,028 6,009 524,037 2008 12 31 360,892 653,486 4,110 8,412 23,189 1,050,089 53,218 1,103,307 2007 12 31 208,748 349,538 1,038 6,845 74,935 641,104 54,412 695,516 (i) (ii) 2008 2007 2008 12 31644,616,000 2007 376,843,000 650,000,000 2007 650,000,000 108

15 (a) 2007 1 1 226,871 17,776 777 245,424 42,137 565 748 43,450 2007 12 31 269,008 18,341 1,525 288,874 2008 1 1 269,008 18,341 1,525 288,874 28,541 1,000 108 29,649 2008 12 31 297,549 19,341 1,633 318,523 2007 1 1 43,535 2,437 476 46,448 10,427 389 90 10,906 2007 12 31 53,962 2,826 566 57,354 2008 1 1 53,962 2,826 566 57,354 12,373 475 118 12,966 2008 12 31 66,335 3,301 684 70,320 2008 12 31 231,214 16,040 949 248,203 2007 12 31 215,046 15,515 959 231,520 5 30 109

15 (a) 2008 12 3138,102,000 2007 42,102,000 2008 12 311,700,000 2007 (b) 2007 1 1 2007 12 31 2008 1 1 10,627 14,289 2008 12 31 24,916 2007 1 1 4,853 531 2007 12 31 5,384 2008 1 1 5,384 1,669 2008 12 31 7,053 2008 12 31 17,863 2007 12 31 5,243 20 110

16 2008 2007 1 1 12 31 16,120 16,120 36 14 17 2008 2007 14,243,378 13,054,151 2008 4 1 111

17 2008 12 31 75% 75% 171,000,000 75% 75% 29,980,000 94.2% 76.2% 18% 13,710,000 100% 100% 565,000,000 100% 100% 10,000,000 100% 100% 10,000,000 98.71% 98.71% 35,000,000 75% 75% 60,000,000 100% 99.75% 0.25% 15,000,000 100% 99% 1% 15,000,000 100% 100% 5,000,000 100% 99% 1% 280,000,000 112

17 76% 76% 14,000,000 100% 99% 1% 300,000,000 100% 99% 1% 318,000,000 93.75% 93.75% 11,520,000 100% 100% 54,000,000 100% 95% 5% 50,000,000 100% 90% 10% 50,000,000 100% 90% 10% 16,000,000 100% 90% 10% 50,000,000 100% 98.7% 1.3% 31,420,000 100% 95% 5% 170,000,000 100% 90% 10% 20,000,000 100% 85% 15% 150,000,000 113

17 100% 100% 100,000,000 100% 90% 10% 20,000,000 100% 90% 10% 20,000,000 100% 90% 10% 20,000,000 100% 90% 10% 50,000,000 100% 90% 10% 50,000,000 100% 90% 10% 50,000,000 75% 75% 32,960,000 100% 70% 30% 268,000,000 100% 100% 332,500,000 100% 87.75% 12.25% 400,000,000 100% 90% 10% 50,000,000 75% 70% 5% 580,000,000 100% 70% 30% 200,000,000 114

17 100% 70% 30% 200,000,000 95% 95% 10,000,000 100% 65% 35% 200,000,000 100% 90% 10% 110,240,000 100% 90% 10% 150,000,000 100% 90% 10% 100,000,000 100% 90% 10% 60,000,000 100% 60% 40% 150,000,000 100% 95.5% 4.5% 220,000,000 100% 92.2% 7.8% 231,000,000 100% 100% 10,000,000 100% 100% 180,000 100% 100% 53,554,100 115

17 100% 10% 90% 10,000,000 100% 100% 10,000,000 100% 100% 10,000,000 100% 100% 6,000,000 100% 100% 80,000,000 100% 100% 150,000,000 100% 100% 150,000,000 100% 100% 150,000,000 100% 100% 180,000,000 100% 100% 150,000,000 100% 100% 180,000,000 100% 100% 10,000,000 116

17 100% 100% 200,000,000 100% 100% 80,000,000 100% 100% 100,000,000 100% 100% 80,000,000 100% 100% 180,000,000 18 2008 2007 2008 2007 157,429 157,429 163,281 162,925 163,281 162,925 157,429 157,429 117

18 2008 12 31 40% 40% 15,000,000 22.55% 21.26% 3.94% * 200,000,000 33.34% 32.62% 3.37% * 200,000,000 * 2007 2008 12 31 2008 146,210 7,956 138,254 87,742 10,890 217,508 12,901 204,607 207,090 3,065 204,025 2007 147,811 10,447 137,364 99,173 9,265 217,508 12,901 204,607 207,090 3,065 204,025 118

19 2008 2007 2008 2007 160,000 159,649 159,649 160,000 2008 12 31 50% 50% 160,000,000 50% 50% 160,000,000 2008 21,699 138,521 (571) 159,649 (351) (351 ) 119

20 2008 2007 374,026 339,602 25 (151,281) (140,296) 222,745 199,306 2008 12 31 344,026,000 2007 317,602,000 3.36%-7.56% 2007 5.91%-6.57% 2009 2011 30,000,000 2007 22,000,0002009 2011 21 2008 2007 2008 2007 10 10 10 10 22 2008 2007 2008 2007 121,308 326,901 121,308 326,901 1,080,449 1,080,449 1,201,757 326,901 1,201,757 326,901 120

22 2006 2.4839,385,700 A19.69% 97,677,0002007 4 13 A 2007 6 A 98,019,000 2007 2007 5 8 2007 7 18 16.28% 2008 12 31A A A 79.36% 2007 87.46% 1.10% 2007 4.05% 23 (a) 2008 2007 2008 2007 862,922 538,810 112,605 28,105 85,462 85,331 2,950 1,190 666,506 707,231 40,119 22,199 255,476 231,180 76,144 13,099 1,870,366 1,562,552 231,818 64,593 121

23 (b) 2008 2007 18,066,076 12,604,862 24 2008 2007 2008 2007 441,057 229,497 46,599 22,531 3,750,646 3,232,369 1,408,990 900,304 11,400 9,063 4,203,103 3,470,929 1,455,589 922,835 1 (a) ( ) 2008 2007 2008 2007 60 60 4,202,831 3,469,397 1,455,487 921,986 60 11 170 1,093 747 1 22 439 102 2 33 102 102 4,203,103 3,470,929 1,455,589 922,835 122

24 (a) 30 60 6 37(a (b) 2(m)(i) 2008 2007 2008 2007 1 1 18,702 22,375 7,403 7,403 (1,160) (3,673) (393) (762) 12 31 16,780 18,702 7,010 7,403 123

24 (c) 2008 2007 2008 2007 4,192,553 3,426,778 1,445,209 902,079 6060 10,278 42,619 10,278 19,907 60 11 170 1,093 747 1 22 439 102 2 33 102 102 4,203,103 3,470,929 1,455,589 922,835 25 2008 2007 2008 2007 305,847 347,072 32,541 49,674 10,000 10,540 20 151,281 140,296 168,477 32,556 12,848 6,142 635,605 530,464 45,389 55,816 124

26 27 2008 2007 2008 2007 215,810 423,130 126,196 8,400 2,409 10 377 54 344,846 423,140 8,400 2008 2007 2008 2007 114,883 7,740 2,135 7,740 56,800 56,800 56,800 56,800 41,373 41,373 41,373 41,373 4,735 4,735 1,146 856 760 229 616 2,100 2,100 220,313 108,013 106,128 108,013 125

27 40 28 2008 2007 2008 2007 3,470,634 1,930,814 1,199,164 369,232 200,000 280,000 3,470,634 1,930,814 1,399,164 649,232 2008 2007 2008 2007 1 1 3,456,043 1,927,139 1,398,784 646,135 1 22 12,059 2,308 380 2 33 2,216 1,112 3 316 255 3,097 3,470,634 1,930,814 1,399,164 649,232 126

29 2008 2007 2008 2007 826,283 841,200 20,891 32,497 546,230 414,063 99,041 45,801 321,515 311,883 5,221 13,335 50,838 54,844 9,178 16,175 69,082 141,768 5,321 10,509 89,836 75,904 21,954 5,457 20,367 16,369 701 746 63 75 50,000 420,244 383,939 79,504 32,014 2,395,096 2,240,716 241,173 155,863 30 (a) 2008 2007 2008 2007 32 5,318,000 9,099,300 650,000 2,000,000 5,318,000 9,099,300 650,000 2,000,000 (b)(i) 650,000 650,000 650,000 650,000 (b)(ii) 65,455 72,727 6,033,455 9,822,027 1,300,000 2,650,000 127

30 (b) (i) (ii) 5.32% 2007 5.32% 2015 9 2008 12 31 591,397,000 2007 637,064,000 53,219,000 2007 54,413,000 3.36% 2007 2.82% 2017 6 31 2008 2007 2008 2007 32 3,916,800 3,928,500 1,035,000 250,000 878,376 1,009,133 353,950 213,214 4,795,176 4,937,633 1,388,950 463,214 2008 12 31878,376,000 2007 12 31 1,009,133,0002008 12 31 128

32 2008 12 31 2008 2007 2008 2007 1 31 3,916,800 3,928,500 1,035,000 250,000 1 2 2,609,000 4,265,300 550,000 1,370,000 2 5 2,624,000 4,324,000 100,000 630,000 5 85,000 510,000 1 30(a) 5,318,000 9,099,300 650,000 2,000,000 9,234,800 13,027,800 1,685,000 2,250,000 2008 12 31 2008 2007 2008 2007 60,000 9,234,800 12,967,800 1,685,000 2,250,000 9,234,800 13,027,800 1,685,000 2,250,000 2008 12 31 2007 12 31 58,885,000 4,883,000 60,000,000 129

32 2008 12 31 2007 2008 12 317,644,800,000 2007 10,459,800,0001,185,000,000 2007 1,420,000,000 33 (a) 2008 2007 2008 2007 568,194 826,579 55,781 57,922 (301,678) (450,380) (18,025) (31,364) 266,516 376,199 37,756 26,558 (19,170) (30,799) 285,686 406,998 37,756 26,558 266,516 376,199 37,756 26,558 130

33 (b) 2007 1 1 (9,795) (25,235) 27,396 (10,000) (12,435) (30,069) (17,901) (3,207) (7,065) (8,605) 12,435 (4,899) (29,242) 2007 12 31 (27,696 ) (28,442 ) 20,331 (18,605 ) (4,899 ) (59,311 ) 2008 1 1 (27,696) (28,442) 20,331 (18,605) (4,899) (59,311) 4,178 8,513 (424) (3,485) 1,466 10,248 2008 12 31 (23,518 ) (19,929 ) 19,907 (22,090 ) (3,433 ) (49,063 ) 2007 1 1 (15,086) 2007 12 31 (15,086 ) 2008 1 1 (15,086) 3,801 2008 12 31 (11,285 ) 131

33 (b) 2008 2007 2008 2007 (68,970) (79,642) (11,285) (15,086) 19,907 20,331 (49,063 ) (59,311 ) (11,285 ) (15,086 ) 34 2008 2007 (a) 38,928 55,734 1,628 3,475 40,556 59,209 (a) (7,325 ) (9,156 ) 33,231 50,053 (a) 1998 2002 2007 23,655,000 2008 12 31 38,928,000 2007 55,734,000 7,325,000 2007 9,156,000 132

35 2008 2007 2008 2007 1 1 148,441 128,818 12,692 13,846 106,653 32,220 6,844 (19,501) (12,597) (1,610) (1,154) 12 31 235,593 148,441 17,926 12,692 36 (a) (c)(d)(i)(d)(ii)(d)(iv)(d)(iii)(d)(v) 2007 1 1 1,255,680 1,745,430 1,542,171 119,994 2,466,918 7,130,193 1,454,784 8,584,977 2,480,146 2,480,146 208,080 2,688,226 287,999 906,829 1,194,828 (1,194,828) 22,755 42,343 (65,098) 11(b) (251,136) (251,136) (251,136) (3,847) (3,847) 22 228,882 228,882 228,882 (1,235,230) (6,551) 1,241,781 38,797 (38,797) 2007 12 31 1,566,434 2,694,602 345,738 228,882 48,345 5,898,912 10,782,913 464,189 11,247,102 133

36 (a) (c)(d)(i)(d)(ii)(d)(iv)(d)(iii)(d)(v) 2008 1 1 1,566,434 2,694,602 345,738 228,882 48,345 5,898,912 10,782,913 464,189 11,247,102 2,607,223 2,607,223 70,784 2,678,007 200,000 11,082,057 11,282,057 11,282,057 (9,618) (9,618) (14,851) (24,469) (54,275) (54,275) 22 (241,102) (241,102) (241,102) 125,768 (125,768) 2008 12 31 1,766,434 13,776,659 471,506 (12,220 ) 38,727 8,380,367 24,421,473 465,847 24,887,320 (b) (c)(d)(i)(d)(ii)(d)(iv)(d)(iii)(d)(v) 2007 1 1 1,255,680 1,745,430 729,059 31,669 365,826 4,127,664 11(b) (251,136) (251,136) 290,673 290,673 287,999 7,041,576 7,329,575 22,755 243,161 265,916 22 228,882 228,882 (422,118) (6,380) 428,498 38,797 (38,797) 2007 12 31 1,566,434 9,030,167 345,738 228,882 25,289 795,064 11,991,574 (c)(d)(i)(d)(ii)(d)(iv)(d)(iii)(d)(v) 2008 1 1 1,566,434 9,030,167 345,738 228,882 25,289 795,064 11,991,574 1,284,950 1,284,950 200,000 11,082,057 11,282,057 22 (241,102) (241,102) 125,768 (125,768) 2008 12 31 1,766,434 20,112,224 471,506 (12,220 ) 25,289 1,954,246 24,317,479 134

36 (c) 2008 2007 H1 433,200 433,200 433,200 433,200 A1 525,480 525,480 262,784 262,784 A 1 807,754 807,754 870,450 870,450 1,766,434 1,766,434 1,566,434 1,566,434 H1 433,200 433,200 433,200 433,200 A1 525,480 525,480 262,784 262,784 A 1 807,754 807,754 870,450 870,450 1,766,434 1,766,434 1,566,434 1,566,434 1997 10361,000,000 H1.00 2.28 1997 10 21 H 2002 1200,000,000 A1.00 4.10 2002 2 7 A 2003 1172,200,000 H1.00 8.20 2006 2 20A A10A15 300,000,000622,480,000 A 2006 2 15 135

36 (c) 2007 3 1 62,784,0002006 12 31 5%2007 3 7 2007 4 24 (i) 22,755,147 A100% 75% 100%(ii) 287,999,046 A49% 49% 49% 31.86% 310,754,193A 1.001,566,434,193 2008 2 25 62,784,0002007 12 31 4%2008 3 3 2008 5 200,000,000 A1.00 57.38 2008 5 28 A H A H AH (d) (i) H AA (ii) 10% 50% 136

36 (d) (ii) 25% 2008 10% 2007 10% (iii) 2007 6 29 25% 13,760,0002008 1 30 10,345,000 2007 6 29 20% 10,709,0002008 3 6 4,506,000 (iv) 2(f) (v) 1995 8 24[1995]31 137

36 (e) 2008 12 311,934,085,000 2007 795,064,000 (f) 20082007 2008 12 3141% 2007 64% 30(b)(i) 650,000,000 37 (a) 138 30 60

37 (a) 36% 2007 32% 2425 (b) 2008 1 1 2 2 5 5 3,470,634 3,470,634 3,470,634 2,395,096 2,395,096 2,395,096 220,313 220,313 220,313 285,686 285,686 285,686 10,828,631 11,820,184 5,196,100 2,862,960 2,890,976 870,148 40,556 40,556 7,325 16,196 15,408 1,627 17,240,916 18,232,469 11,575,154 2,879,156 2,906,384 871,775 139

37 (b) 2007 1 1 2 2 5 5 1,930,814 1,930,814 1,930,814 2,240,716 2,240,716 2,240,716 108,013 108,013 108,013 406,998 406,998 406,998 14,759,660 16,606,148 5,661,697 4,717,751 4,855,580 1,371,120 59,209 59,209 9,156 17,243 19,431 13,379 19,505,410 21,351,898 10,357,394 4,734,994 4,875,011 1,384,499 2008 1 1 2 2 5 5 1,399,164 1,399,164 1,399,164 241,173 241,173 241,173 2,344,547 2,344,547 2,344,547 106,128 106,128 106,128 37,756 37,756 37,756 2,688,950 2,997,596 1,484,003 596,052 207,179 710,362 6,817,718 7,126,364 5,612,771 596,052 207,179 710,362 2007 1 1 2 2 5 5 649,232 649,232 649,232 155,863 155,863 155,863 3,572,441 3,572,441 3,572,441 108,013 108,013 108,013 26,558 26,558 26,558 3,113,214 3,517,427 559,477 1,473,986 739,054 744,910 7,625,321 8,029,534 5,071,584 1,473,986 739,054 744,910 140

37 (c) 3031 (i) (i) 2008 2007 2008 2007 % % % % 5.02%-6.80% 1,390,000 5.08%-7.10% 1,470,000 5.90%-6.72% 150,000 5.32%-7.20% 1,528,376 4.64%-7.44% 1,659,133 5.32%-7.20% 1,003,950 4.64%-7.44% 863,214 3.36%-7.56% (344,026) 5.91%-6.57% (317,602) 2,574,350 2,811,531 1,153,950 863,214 4.86%-7.56% 7,844,800 5.08%-7.65% 11,557,800 5.43%-6.80% 1,535,000 5.40%-6.30% 2,250,000 3.36% 65,455 2.82% 72,727 7,910,255 11,630,527 1,535,000 2,250,000 10,484,605 14,442,058 2,688,950 3,113,214 25% 19% 43% 28% (ii) 2008 12 31 100 29,371,000 2007 76,635,000 2007 141

37 (d) (i) (ii) 2008 2007 80,803 103,597 31,407 29,353 112,210 132,950 142

37 (d) (iii) 2008 2007 1% 842 1% 997 2007 (e) 22 143

37 (e) 1%(2007 1%) 2008 2007 1% 12,018 1% 4,610 1% (12,018) 1% (4,610) 2007 (f) 2008 12 31 2007 12 31 2007 144 650,000 578,707

37 (g) (i) 22 (ii) (iii) (iv) 2008 12 31 2008 2007 4.78%-5.35% 5.02%-7.65% 5.31%-5.40% 5.91%-6.57% 145

38 (a) 12 31 2008 2007 2008 2007 4,219,590 2,877,795 3,503 10,655 7,685,571 6,148,976 30,277 72,124 11,905,161 9,026,771 33,780 82,779 (b) 40(b)(viii) 1,513,000 2007 1,513,000 39 2008 12 31 720,000,000 2007 1,578,000,000 40 (a) 18 19 146

40 (a) (b) (i) 2008 2007 2,139 2,075 812 424 5,450 147

40 (b) (ii) 2008 2007 2,091 3,076 1,874 1,917 3,965 4,993 (iii) 2008 2007 56,000 786,060 41,520 842,060 41,520 (iv) 2008 2007 8,286 17,411 25,697 (v) 2008 2007 18,293 16,150 2,700 2,100 1,940 622 148 23,555 18,250

40 (b) (vi) 2008 2007 * 2,824 * 239 3,063 (vii) 2008 2007 690 (viii) 2008 2007 (a) 1,513 1,513 (b) 3,277 3,261 (c) 7,644,800 10,459,800 (d) 4,735 36(d)(iii) 10,709 (a) 1998 1 1 1,513,000 (b) 2008 3,277,000 2007 3,261,000 (c) 32 (d) 2008 4,735,000 * 2007 149

40 (c) 40(b) 2008 2007 1,170,488 1,017,036 832,946 732,379 6,749,107 1,416,090 22,354 75,000 9,000,205 13,315,530 (d) 8 9 2008 2007 7,206 4,664 96 53 7,302 4,717 150 6(b)).

41 (a) (b) 2009 3 30 11 2009 2 26 496,912,000 A 2008 12 31 A28%2009 3 2 42 2008 12 31 43 2 (a) 36 (b) 151

43 (c) (d) (e) 44 2008 12 31 2008 12 31 8 2009 1 1 1 2009 1 1 152

KPMG-B(2009)AR No.0688 2008 12 312008 (2006) (1) (2) (3) 153

(2006) 2008 12 31 2008 2009 3 30 154

2008 2007 7 6,799,363,846 1,417,683,751 8 3,762,045,813 3,241,431,916 9 446,538,846 229,507,194 10 305,900,926 348,691,593 12 200,183,574 186,992,162 13 1,870,366,227 1,562,551,885 14 148,745,438 13,533,144,670 6,986,858,501 15 1,201,757,498 326,901,310 16 322,939,011 162,934,246 17 22,435,101,126 18,860,176,437 18 1,695,613,659 1,650,127,843 19 1,375,490,140 1,375,420,573 20 1,660,242,713 1,383,122,389 21 16,119,621 16,119,621 22 68,969,584 79,642,132 23 222,744,784 199,306,368 28,998,978,136 24,053,750,919 42,532,122,806 31,040,609,420 171265 155

2008 2007 26 2,268,375,685 2,479,133,436 28 3,470,635,887 1,930,815,405 29 547,375,471 414,063,474 30 129,806,082 134,272,534 5(3) 445,305,480 594,617,350 24,580,408 24,631,385 31 50,000,000 32 1,704,029,537 1,555,244,246 33 2,534,124,931 2,467,656,289 11,174,233,481 9,600,434,119 34 6,033,454,546 9,822,027,273 35 33,230,850 50,053,417 22 19,907,085 20,330,640 36 3,090,000 6,089,682,481 9,892,411,330 17,263,915,962 19,492,845,449 171265 156

2008 2007 37 1,766,434,193 1,566,434,193 38 14,116,514,971 3,206,468,273 39 471,503,760 345,735,802 40 8,442,211,374 5,960,966,997 24,796,664,298 11,079,605,265 6(3) 471,542,546 468,158,706 25,268,206,844 11,547,763,971 42,532,122,806 31,040,609,420 2009 3 30 171265 157

2008 2007 7 5,438,149,950 473,530,325 8 1,408,989,714 900,304,048 9 46,599,145 22,530,494 10 32,541,075 49,673,938 11 140,000,000 374,139,792 12 6,947,648,190 3,490,478,559 13 231,818,388 64,593,043 14 3,948,777 14,249,695,239 5,375,250,199 15 1,201,757,498 326,901,310 16 14,560,970,753 13,350,476,889 17 1,026,900,084 566,169,764 18 6,884,027 65,148,414 19 24,705,410 9,786,000 20 219,467,702 101,818,485 22 11,285,069 15,086,122 17,051,970,543 14,435,386,984 31,301,665,782 19,810,637,183 171265 158

2008 2007 26 503,949,503 213,214,404 27 200,000,000 280,000,000 28 1,199,162,545 369,232,687 29 99,896,738 45,081,092 30 20,682,552 14,657,964 5(3) 65,093,690 42,598,824 10,281,098 9,516,361 32 2,533,650,067 3,751,020,772 33 885,000,000 250,000,000 5,517,716,193 4,975,322,104 34 1,300,000,000 2,650,000,000 1,300,000,000 2,650,000,000 6,817,716,193 7,625,322,104 171265 159

2008 2007 37 1,766,434,193 1,566,434,193 38 20,311,927,029 9,470,972,098 39 471,503,760 345,735,802 40 1,934,084,607 802,172,986 24,483,949,589 12,185,315,079 31,301,665,782 19,810,637,183 2009 3 30 171265 160

2008 2007 41 24,228,268,074 18,776,097,957 42 (18,191,656,430) (12,925,705,599) 43 (148,435,452) (134,079,155) (1,366,424,936) (1,219,227,715) (841,233,249) (720,756,694) 44 (751,235,928) (607,127,022) 45 977,337 (2,855,235) 46 56,883,806 4,237,649 4,004,765 3,705,661 2,987,143,222 3,170,584,186 47 267,322,023 323,977,357 9,049,136 (8,716,682) (9,573,348) (5,366,873) (5,994,354) 3,245,748,563 3,484,988,195 48 (566,226,621) (780,977,265) 2,679,521,942 2,704,010,930 42,353,568 2,607,012,335 2,494,218,617 72,509,607 209,792,313 57(1) 1.55 1.70 1.55 1.70 2009 3 30 171265 161

2008 2007 41 8,650,548,449 3,883,417,748 42 (8,031,563,216) (3,569,362,987) 43 (17,940,772) (8,187,684) (96,546,812) (47,669,986) (115,468,676) (86,841,200) 44 (166,314,963) (155,499,352) 45 (7,338,419) (5,038,332) 46 1,090,002,186 381,707,956 4,004,765 3,705,661 1,305,377,777 392,526,163 47 7,532,319 48,396,706 12,216 (2,491,855) (6,620,362) (2,351,685) (5,991,129) 1,310,418,241 434,302,507 48 (52,738,662) (46,327,568) 1,257,679,579 387,974,939 2009 3 30 171265 162

2008 2007 30,359,319,865 21,479,065,142 78,447,245 81,466,344 256,486,528 308,446,070 30,694,253,638 21,868,977,556 (20,726,749,096 ) (15,438,598,056 ) (908,674,640 ) (642,631,498 ) (3,049,322,754 ) (2,752,622,670 ) (743,132,289 ) (366,318,137 ) (25,427,878,779 ) (19,200,170,361 ) 49(1) 5,266,374,859 2,668,807,195 1,856,609,691 690,609 12,325,000 4,000,000 34,337,146 23,706,664 76,953,546 53,140,694 1,980,225,383 81,537,967 (5,152,504,607) (5,584,223,527) (2,970,190,526) (98,019,695) (10,709,000) (160,000,000) (46,840,830) (134,624,663) (8,340,244,963) (5,816,867,885 ) (6,360,019,580) (5,735,329,918 ) 171265 163

2008 2007 11,282,057,207 5,098,412,776 7,684,133,436 16,380,469,983 7,684,133,436 (9,029,443,254) (3,550,591,295) (917,878,325) (990,545,357) (4,275,000) (3,847,500) (9,947,321,579 ) (4,541,136,652 ) 6,433,148,404 3,142,996,784 49(2) 5,339,503,683 76,474,061 1,411,707,022 1,335,232,961 49(3) 6,751,210,705 1,411,707,022 2009 3 30 171265 164

2008 2007 9,619,640,249 3,547,817,825 5,197,430 6,936,806 1,197,227,235 1,015,309,928 10,822,064,914 4,570,064,559 (7,515,715,208) (3,378,859,149) (109,194,514) (52,346,796) (295,728,126) (174,973,633) (2,328,901,803) (348,789,145) (10,249,539,651 ) (3,954,968,723 ) 49(1) 572,525,263 615,095,836 1,851,521,797 246,100,003 399,289,792 15,542,500 714,718 2,969,143 43,417,032 4,604,203 2,294,943,339 269,215,849 (46,225,009) (76,255,167) (2,922,746,615) (98,019,695) (1,649,365,411) (687,116,000) (160,000,000) (3,377,131,037) (8,155,468,072 ) (861,390,862 ) (5,860,524,733 ) (592,175,013 ) 171265 165

2008 2007 11,282,057,207 1,903,949,503 893,214,404 13,186,006,710 893,214,404 (2,763,214,404) (630,000,000) (209,263,148) (412,855,752) (2,972,477,552 ) (1,042,855,752 ) 10,213,529,158 (149,641,348) 49(2) 4,925,529,688 (126,720,525) 469,638,962 596,359,487 49(3) 5,395,168,650 469,638,962 2009 3 30 171265 166

2008 1 1 1,566,434,193 3,206,468,273 345,735,802 5,960,966,997 11,079,605,265 468,158,706 11,547,763,971 1. 2,607,012,335 2,607,012,335 72,509,607 2,679,521,942 2. 38 (241,102,276) (241,102,276) (241,102,276) 38 (9,618,233) (9,618,233) (14,850,767) (24,469,000) 38 78,710,000 78,710,000 78,710,000 1 2 (172,010,509 ) 2,607,012,335 2,435,001,826 57,658,840 2,492,660,666 3. 37,38 200,000,000 11,082,057,207 11,282,057,207 11,282,057,207 4. 39 125,767,958 (125,767,958) (54,275,000) (54,275,000) 2008 12 31 1,766,434,193 14,116,514,971 471,503,760 8,442,211,374 24,796,664,298 471,542,546 25,268,206,844 2009 3 30 171265 167

2007 1 1 1,255,680,000 2,050,853,828 306,938,308 3,756,681,874 7,370,154,010 1,499,700,916 8,869,854,926 1. 2,494,218,617 2,494,218,617 209,792,313 2,704,010,930 2. 228,881,615 228,881,615 228,881,615 1 2 228,881,615 2,494,218,617 2,723,100,232 209,792,313 2,932,892,545 3. 310,754,193 926,732,830 1,237,487,023 (1,237,487,023) 4. 40 38,797,494 (38,797,494) (251,136,000) (251,136,000) (251,136,000) (3,847,500) (3,847,500) 2007 12 31 1,566,434,193 3,206,468,273 345,735,802 5,960,966,997 11,079,605,265 468,158,706 11,547,763,971 2009 3 30 171265 168

2008 1 1 1,566,434,193 9,470,972,098 345,735,802 802,172,986 12,185,315,079 1. 1,257,679,579 1,257,679,579 2. 38 (241,102,276) (241,102,276) 1 2 (241,102,276 ) 1,257,679,579 1,016,577,303 3. 37,38 200,000,000 11,082,057,207 11,282,057,207 4. 39 125,767,958 (125,767,958) 2008 12 31 1,766,434,193 20,311,927,029 471,503,760 1,934,084,607 24,483,949,589 2009 3 30 171265 169

2007 1 1 1,255,680,000 1,957,353,025 306,938,308 704,131,541 4,224,102,874 1. 387,974,939 387,974,939 2. 228,881,615 228,881,615 1 2 228,881,615 387,974,939 616,856,554 3. 310,754,193 7,284,737,458 7,595,491,651 4. 40 38,797,494 (38,797,494) (251,136,000) (251,136,000) 2007 12 31 1,566,434,193 9,470,972,098 345,735,802 802,172,986 12,185,315,079 2009 3 30 171265 170

1 1997 9 1 1997 9 [1997]128 [1997]140 622,480,0001 [1997]571997 10 17 H361,000,0001.00 1997 10 21 2002 1 24 200,000,000 A1.002002 2 7 2003 11 4 2003 11 7 72,200,000 HH 2003 11 12 [2007]74 2007 4 24 22,755,147A 100%75% 100% 287,999,046A 49% 49%49% 31.86%1,255,680,000 1,566,434,193 1,255,680,0001,566,434,193 [2008]4962008 4 3 200,000,000 A A 2008 5 28 1,566,434,193 1,766,434,193 1,566,434,1931,766,434,193 171

2 (1) (2006) 2007 15 (2) 1 112 31 (3) 3(11) 3(11) (4) 172

3 (1) (a) (b) 3(9) (c) 173

3 (1) (c) (2) 3(18) 174

3 (3) (4) (5) (a) 3(1)(c) 3(12)(c) 175

3 (5) (a) (b) 3(10) 3(12)(c) 176

3 (5) (b) (c) 3(12)(b) (6) 3(12)(c) 3(12)(c) 3(18) 177

3 (6) 3(10) 30 5% 3.17% 15 5% 6.33% 5 5% 19% 5-10 5% 19% (7) (a) 178

3 (8) 3(12)(c) 3(10) 30-50 5-30 20 5-10 (9) 3(12)(c) (10) 179

3 (11) 3(5) (a) 180

3 (11) (a) 3(16)(c) 3(15) (b) 181

3 (11) (b) (c) (d) (12) (a) 182

3 (12) (a) 183

3 (12) (b) 3(5)(c) (c) 184

3 (12) (c) (13) (a) (b) (c) 185

3 (13) (c) (14) 186

3 (15) (16) (a) (b) 187

3 (16) (c) (17) (18) 188

3 (18) 3 (19) (20) (a) (b) (c) (d) (e) (f) (g) (h) (i) 189

3 (20) (j) (k) (l) (2006) (m) (n) (o) (p) (q) 5% 5% 1212 (a) (c) (m) 1212 (i) (j) (n) (i) (j) (n) (p) (21) 190

3 (21) (22) 21 51 (a) 3(12)(a) (b) 3(12)(c) 191

3 (22) (c) 3(6) 3(8) 4 (a) 20082 22008 [2008]60 2008 12 (2008) 2008 8 7 2008 8 7 2 2008 3(14) 2007 192

5 (1) 3% 5% 17% 1% 7% 3% 0.2 3 0.6 30 (2) 25% 2007 33% 18% (i) 18% (i) 18% (i) 12.5% (ii) 0% (iii) 0% (iv) 0% (v) (i) 20085 25%2008 18% 2009 20% 2010 22% 2011 24% 2012 25% 2008 18% (ii) [2006]2 2008 12.5% 193

5 (2) (iii) [2006]139 2006 20102008 0% (iv) [2006] 32005 2009 2008 0% (v) [2007]36 2007 20112008 0% (3) 2008 2007 2008 2007 285,685,988 376,199,802 37,755,922 26,557,591 69,081,909 141,767,651 5,320,843 10,508,790 39,595,363 33,875,042 9,859,002 1,724,743 6,205,562 5,632,064 4,298,918 980,506 9,225,294 11,931,905 3,087,174 1,134,329 3,928,821 5,806,718 233,285 486,141 31,582,543 19,404,168 4,538,546 1,206,724 445,305,480 594,617,350 65,093,690 42,598,824 194

6 (1) 2008 12 31 (a) 70507652-3 10,000,000 4,525,753 95% 63142179-2 10,000,000 133,966,193 100% 75842477-1 10,000,000 1,000,000 100% 74892154-7 10,000,000 100% * 78299250-9 10,000,000 100% * 72554710-x 53,554,100 105,793,244 100% 75787108-6 6,000,000 100% * 61033168-3 180,000 39,916,493 100% 15111822-5 565,000,000 2,395,739,509 100% 2,680,941,192 * 195

6 (1) 2008 12 31 (b) 14410987-3 171,000,000 138,331,796 75% 61062189-1 29,980,000 206,542,241 75% 13385281-3 13,710,000 12,003,900 94.2% 14965426-4 10,000,000 10,000,000 100% 70490471-0 10,000,000 10,000,000 100% 70406859-9 35,000,000 35,000,000 98.71% 63093664-7 60,000,000 45,000,000 75% 13536828-3 15,000,000 14,962,500 100% 71405828-x 15,000,000 15,000,000 100% 63161374-3 5,000,000 5,000,000 100% 71390667-0 280,000,000 1,134,267,913 100% 72421897-x 14,000,000 10,640,000 76% 70494173-0 300,000,000 2,449,361,410 100% 196

6 (1) 2008 12 31 (b) 72553879-9 318,000,000 2,298,589,008 100% 72226967-7 11,520,000 10,800,000 93.75% 72330595-9 54,000,000 54,000,000 100% 73153989-4 50,000,000 47,500,000 100% 72777927-0 50,000,000 71,999,382 100% 14619019-3 16,000,000 14,400,000 100% 73382331-1 50,000,000 45,000,000 100% 73393579-4 31,420,000 31,000,000 100% 74065030-8 170,000,000 161,500,000 100% 73635645-6 20,000,000 18,000,000 100% 74488231-7 150,000,000 127,500,000 100% 83490507-6 100,000,000 100,000,000 100% 74819528-2 20,000,000 18,000,000 100% 75202811-0 20,000,000 18,000,000 100% 197

6 (1) 2008 12 31 (b) 75303551-5 20,000,000 18,000,000 100% 75730962-4 50,000,000 45,000,000 100% 75920017-1 50,000,000 45,000,000 100% 76083328-3 50,000,000 45,000,000 100% 73959654-3 32,960,000 25,272,000 75% 74591598-5 268,000,000 187,600,000 100% 76083755-9 332,500,000 332,500,000 100% 76686286-x 400,000,000 351,000,000 100% 77005206-9 50,000,000 45,000,000 100% 77017998-3 580,000,000 406,054,400 75% 77386942-9 200,000,000 140,000,000 100% 77388348-2 200,000,000 140,000,000 100% 77911404-3 200,000,000 130,000,000 100% 198

6 (1) 2008 12 31 (b) 76853841-4 110,240,000 99,216,000 100% 78211270-0 150,000,000 135,000,000 100% 78386751-5 100,000,000 90,000,000 100% 79302406-0 60,000,000 54,000,000 100% 79383479-2 150,000,000 90,000,000 100% 79696136-7 220,000,000 210,000,000 100% 79470261-x 231,000,000 213,000,000 100% 67095297-5 80,000,000 80,000,000 100% 67082745-3 150,000,000 150,000,000 100% 67401162 -x 150,000,000 150,000,000 100% 67244631-2 80,000,000 80,000,000 100% 67516424-9 100,000,000 100,000,000 100% 67585788-9 80,000,000 80,000,000 100% 67577884-9 180,000,000 180,000,000 100% 199