600089 2004

2004... 3... 3... 4... 6... 9... 13... 14... 15... 23... 24... 27... 58 2

2004 1 2 3 4 1 TBEA co.,ltd TBEA 2 3 52 09942724766 09942724766 E-mailgjx550003@163.com 52 09942724766 09942724766 E-mailjhh_008@sohu.com 4 52 52 831100 http://www.tbea.com.cn tbeastock@tbea.com.cn 5 http://www.sse.com.cn 6 A A A 600089 7 1993 2 26 2004 11 16 52 6500001000795 652301299201121 3

2004 30 : : 186,651,917.41 95,208,626.92 86,027,142.66 706,690,118.05 24,464,480.18 156,323,640.44 25,882,122.11 4,133,214.00 2,819,753.14 226,249,263.58 81,763,453.62 : : -430,413.04 1,732,003.98-146,229.46 1,118,825.69-429,061.72 2,847,881.72-39,464.44-280,876.83 987,111.29 47,823.31 3,773,883.76 9,181,484.26 : : 2004 2003 2002 (%) 3,674,079,129.58 2,324,381,447.37 58.07 1,761,418,593.18 186,651,917.41 163,396,299.27 14.23 139,079,987.94 95,208,626.92 111,295,105.67-14.45 86,733,950.16 86,027,142.66 107,729,181.90-20.14 75,770,750.16 2004 2003 2002 (%) 6,034,202,030.76 4,903,725,652.45 23.05 2,708,280,548.03 1,386,272,093.55 1,012,052,384.68 36.98 918,462,335.11 226,249,263.58 272,022,511.86-16.83 265,935,719.30 4

2004 2004 2003 2002 (%) 0.319 0.429-25.64 0.33 0.319 % 6.87 11.00-4.13 9.44 6.21 % 10.64-4.43 8.25 0.76 1.05-27.62 1.02 0.358 0.429-16.55 0.33 0.288 0.415-30.60 0.29 0.323 0.415-22.17 0.29 % 8.68 11.43-2.86 9.70 7.84 % 11.06-3.31 8.48 2004 2003 2002 (%) 4.64 3.90 18.97 3.54 4.55 3.82 19.11 3.47 : 1 58.07% 2 14.45 2004, 2004 4254.61, 3 36.98 25949.0176 103 8.18 3912.48 4 16.83 5

2004 9 : : % 51.98 64.40 2.3666 2.6566 11.28 14.25 0.5235 0.5877 6.87 8.68 0.3188 0.3579 6.21 7.84 0.2881 0.3234 : : 259,490,176.00 414,597,038.24 85,233,558.27 19,449,108.35 226,782,594.57 25,949,017.60 1,012,052,384.68 39,124,800.00 265,835,299.55 27,029,349.60 9,009,783.17 95,208,626.92 29,861,497.60 457,059,573.67 268,218.43 89,406.14 56,622,628.77 25,949,017.60 82,839,864.80 298,614,976.00 680,432,337.79 111,994,689.44 28,369,485.38 265,368,592.72 29,861,497.60 1,386,272,093.55 1 39124800 25949.0176 103 3912.48 2 25949.0176 103 8.18 39,124,800 265,120,207.31 3 4 1 : 1 82,869,440 82,869,440 2 46,204,736 46,204,736 3 6

2004 4 129,074,176 129,074,176 1 130,416,000 39,124,800 39,124,800 169,540,800 2 3 4 130,416,000 39,124,800 39,124,800 169,540,800 259,490,176 39,124,800 39,124,800 298,614,976 2 (1) : : 2004-09-30 8.18 39,124,800 2004-10-29 39,124,800 2004-10-20 2004 259490176 2004 9 9 103 39124800 8.18 2004 9 30 2004 10 20 298614976 39124800 2004 10 29 (2) 259490176 298614976 10 3 39124800 298614976 129074176 43.22% 169540800 56.78% (3) 1 59,454 12 A 59,442 2 : ( ) (%) 0 41,984,000 14.06 29,000,000 0 35,126,720 11.76 0 16,947,200 5.68 0 15,761,216 5.28 15,761,216 0 12,138,240 4.06 5,970,643 2.0 4,852,616 1.63 2,710,368 4,828,031 1.62 3,488,692 1.17 3,369,061 1.13 7

2004 2004 12 31 15761216 29000000 2004 10 22 2005 1 5 3 1 8,888.8 2003 1 27 2 3 33.82% 28.36% 8.10% 8.21% 14.06 33.82% 1997 2002 2002 4 8,500 2001-09-07 8

2004 39 560 150 5 5,970,643 A 4,852,616 A 4,828,031 A 3,488,692 A 3,369,061 A 3,084,114 A 50 2,798,902 A 2,631,335 A 2,624,288 A 2,399,687 A 1 9 : 43 2003-05-31 2006-05-31 30,400 30,400 0 40 2003-05-31 2006-05-31 21,280 27,664 6,384 46 2003-05-31 2006-05-31 0 0 0 41 2003-05-31 2006-05-31 0 0 0 37 2003-05-31 2006-05-31 0 0 0 41 2003-05-31 2006-05-31 0 0 0 49 2003-05-31 2006-05-31 0 0 0 44 2003-05-31 2006-05-31 0 0 0 71 2003-05-31 2006-05-31 0 0 0 76 2003-05-31 2006-05-31 0 0 0 51 2003-05-31 2006-05-31 0 0 0 56 2003-05-31 2006-05-31 0 0 0 51 2003-05-31 2006-05-31 0 0 0 55 2003-05-31 2006-05-31 0 0 0 38 2003-05-31 2006-05-31 15,200 15,200 0 60 2003-05-31 2006-05-31 0 0 0 46 2003-05-31 2006-05-31 1,100 1,100 0 43 2003-05-31 2006-05-31 0 0 0

2004 54 2003-05-31 2006-05-31 0 0 0 36 2003-05-31 2006-05-31 28,600 33,680 5,080 50 2003-05-31 2006-05-31 0 0 0 43 2003-05-31 2006-05-31 0 0 0 34 2003-05-31 2006-05-31 0 0 0 33 2003-05-31 2006-05-31 700 910 210 33 2003-05-31 2006-05-31 0 0 0 36 2003-05-31 2006-05-31 0 0 0 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) 10

2004 (18) (19) (20) (21) (22) (23) (24) (25) (26) 2 2003-01-21 2006-01-21 2002-07-13 2005-07-13 2002-07-13 2005-07-13 2003-01-21 2006-01-21 2003-01-21 2006-01-21 2003-01-21 2006-01-21 2002-07-13 2005-07-13 11

2004 1 2003 2 18 2 3 : : 187 60 46 6 6 /. 4 5 25 1 1520 3 1015 7 10 2 1970 25 12

2004 1 2 1041 287 231 74 337 14 342 666 743 205, 1 9 3 6 9 8 1 9 9 9 9 9 9 2 13

2004 1) 2) 3) 4) 5) 1) 2004 4 29 2003 2004 5 29 2003 10 127282176 49.05 1 2003 2 2003 3 2003 4 2003 5 2004 6 10 7 8 9 2004 6 1 1) 1 2004 8 10 2004 2004 2004 9 9 2004 13 126595442 48.79% 14

2004 2004 9 10 2) 2 2004 11 17 OO OO 2004 12 17 OO 14 145753081 48.81 9 126462976 42.35 5 19290105 6.46 2004 12 18 2004 51 9 2004 2004 35 2004 2004, 2004 4254.61, 220500KV 750KV 220KV 750KV 2500 2004 16 10 140 123 15

2004 1 (1) 2004 367407.91 18665.19 9520.86 (2) : : (%) (%) 1,755,731,333.13 47.79 435,916,572.41 61.68 1,673,426,161.31 45.55 217,604,959.22 30.79 : 4,998,469.68 0.14 666,932.24 0.09 (3) : : (%) (%) 3,399,798,751.42 92.53 639,055,425.89 90.43 1,369,354,720.22 37.27 275,769,478.62 39.02 1,047,416,662.72 28.5 202,397,367.65 28.64 983,027,368.48 26.76 160,888,579.62 22.77 274,280,378.16 7.47 79,120,207.30 11.2 : 4,998,469.68 0.14 666,932.24 0.09 3,674,079,129.58 706,690,118.05 2 1 44,000 54.55 2004 12 31 110590.41 47412.67 2004 50276.02 3412.67 2 30,500 86.17 2004 12 31 110045.93 40028.11 2004 66363.95 3279.42 3 36,000 75 2004 12 31 104904.55 37807.70 2004 78589.78 1108.42 4 12800 2004 12 31 57383.09 19732.32 2004 46197.97 1070.13 5 3,813 55 2004 12 31 16

2004 12319.96 6557.26 2004 12029.89 1256.61 6 2,000 90 2004 12 31 13837.40 5112.55 2004 5960.22 713.23 7 110KV 1,000 69 2004 12 31 1554.58 1304.58 2004 1193.74 304.58 9 2,000 95 2004 12 31 4858.81 2052.95 2004 220.21 52.39 10 10% 2004 57,226,456.04 16,836,023.37 17.68% 3 : : 634,281,514.80 20.98 274,662,527.87 7.48 1 2004 10 304,245,007.31 254,966,332.12 2005 1 28 4927.87 6360.05 304,245,007.31 2 1) 170,000,000 7980 5700 173496332.12 86736000 6672 86760332.12 5700 30500 25872 2004 12 31 21552 90 500KV 2004 66363.95 5440.99 2003 71.36 61.76 17

2004 2)110KV 47,300,000 4730 110kV 35kV 4700 2003 110kV 35kV 35kV 2004 12 31 4743.32 100 2004 6000 3) 12,000,000 2004 12 31 1256.72 85% 1) 85,000,000 ( : ) 2003 7701 60.16% 7174 1333 6500 2004 12 31 2146.95 2005 1 2 89,800,000 1139.89 4 1 8258.01 100% 2 690 69% 110KV 3 1000 90.00% 95.00 % 4 750 75.00%, 5 257 85.67% 6 90 90.00% 18

2004 : : 6,034,202,030.76 4,903,725,652.45 1,130,476,378.31 23.05 706,690,118.05 463,644,332.54 243,045,785.51 52.42 95,208,626.92 111,295,105.67-16,086,478.75-14.45 81,763,453.62 426,537,992.7-344,774,539.08-80.83 1,386,272,093.55 1,012,052,384.68 374,219,708.87 36.98 1 23.05% 2 58.07% 3 52.42 4 14.45 2004, 2004 4254.61, 5 80.83 6 36.98 25949.0176 103 8.18 3912.48 2004 2005 1 2 3 4 19

2004 5 1 1)2004 2 7 13 12 1 2003 2 2003 3 2003 4 2003 5 2004 6 10 7 1000 2)2004 4 27 13 13 1 2004 2 3 4 5 6 2003 3)2004 6 2 2004 13 12 4)2004 7 25 13 12 1 2004 2 2003 5)2004 8 9 2004 13 12 6)2004 8 27 2004 13 13 85000 7)2004 10 28 2004 8)2004 11 16 2004 13 12 1 2 2004 12 17 OO 20

2004 9)2004 12 7 2004 2004 12 14 2004 13 12 12 2 1 2003 2004 5 29 2003 2004 6 7 2003 2004 6 11 2004 6 14 2004 6 18 2004 6 18 10 1 2 2002 2004143 2004 9 17 9 21 http://www.sse.com.cn 10 12 10 19 10 27 10 29 2004 91,603,685.72, 10% 9,160,368.57 5% 4,580,184.29 249574388.59 2004 327,437,512.44 2004 2004 12 31 298,614,976 10 1 29,861,497.6 297,576,023.84 2004 2004 12 31 298,614,976 10 3, 89,584,493 20058158 : 2004 12 31 2004 2004, ( [2005]8-156 ) [2003]56 21

2004 0.0000 0.0000 5.0000 5.0000 169.5128 169.5128 0.1171 0.1171 217.3181 615.8957 603.9637 205.3861 7.2563 72.2953 182.9854 117.9464 717.4148 1,381.8039 666.8086 2.4195 11.7723 132.6644 197.2669 76.3748 104.5710 622.1710 517.6000 0.0000 0.0000 3.6060 3.6060 0.0000 0.0000 0.0000 28.6000 28.6000 0.0000 0.0000 3,550.9738 3,550.9738 1,080.9610 4,188.5874 4,348.6012 1,240.9748 0.0000 654.0000 654.0000 0.0000 18.1243 1,070.9358 2,116.8067 1,063.9952 1,636.1016 8,578.3663 7,827.8963 885.6316 3,313.9794 3,818.4757 504.4963 0.00 2,146.9500 2,146.9500 0.0000 0.0000 0.0000 303.6833 303.6833 0.0000 78.9700 78.9700 0.0000 0.0000 223.0000 499.0000 276.0000 0.0000 19.1639 39.1639 20.0000 0.0000 6,541.1161 22,061.6058 22,697.9090 7,177.4193 22

2004 [2003]56 2005 3 12 200356 1 2004 2004 12 31 51319.303 37550.57 27.11 13768.733 9.94 13500.57 9470 9580 5000 37550.57 2 2004 4 27 5000 50 3 2004 2004 51319.303 37.05% 50% 70% 56 12004 2 7 7 6 1 2 OO 23

2004 3 OO 4 OO 22004 7 25 7 7 1 2004 2 2003 32004 11 16 7 7 2004 2004 2004 2004 2004 1 1)2004 2 25 2004002 1,230,392.00 1,230,392.00 15,475.01 24

2004 1 () AL99.70 AL99.70A 39,255,147.32 10.53 180 GB1196-2002 20 35KV 7600 / 9200 / 5 6150 / 19,142,038.67 16.88 10 3 5 7350 / 10 10000 35kV 27,952,922.68 4.9 / 2004 2004 2 : : 169.51 169.51 3,117.09 147.47 615.9 217.32 62.04 0 2108.1 724.67 11,043.33 2,458.54 758.44 116.34 5,939.38 1,139.8 4,188.59 1,080.96 15,411.41 1,511.18 13,467.78 4,968.21 15,191.81 4,656.16 617.13 321.13 765.54 11.76 2,450.63 2,146.95 1,051.85 617.41 / 24,376.08 9745.1 52,582.45 10,542.32 786.65 490.64 25

2004 1 2 3 4 : : 13,768.733 39,953.32 37,550.57 51,319.303 3702 2004 4 29 2003 5000 50 13768.733 12107.8 476.93 1184 13768.733 5 6 1 2003 7 16 EL Gaili- Shendi-Atbara 220kV 2004 6 18 2005 11 2 2004 12 7 500KV 26

2004 3 2004 12 16 500KV 5% 5% 10 [2005]8-156 2004 12 31 2004 2004 2004 12 31 2004 2005 3 12 27

2004 2004 1993 2 26 [1993]095 1997 5 [1997]286 3,000 6 1997 6 12, 8,168 1998 5 20 1998 [1998]017 [1998]109 10 3 1998 9 30 9,331.96 1998 11 20 9,331.96 10 6 14,931.136 2000 3 1 1999 1999, 1999 14,931.136, 10 2, 2,986.2272 1999 14,931.136 10 4 5,972.4544, 23,889.8176 2000 3 1 1999 2000, ( [2000]10 ) ( [2000]47 ), 23,889.8176, 10 1.875, 25,949.0176 2000 6,,6 9 998.40 2002 2002 2004, 2004 9 16 [2004]143, 25,949.0176, 10 3, 29,861.4976 1. 2., 1 1 12 31 3. 4. 28

2004 5. 6. 7. (1) (2), (3) 2004 12 31 8. (1), (2) (3) : 1999, ( )1999,, : (%) 1 5 10 30 --5 9. (1) (2) (3) 1999 1999 (4) (5) 29

2004 --7 10. (1) 20% 20% 20% 20% 20% 20%, 50% 50% (2) (3) 10 (4) 1999,1999,, --10 11. (1) 2,000 (2) 5% () (%) 3040 2.383.17 520 4.7519.00 612 7.9215.83 520 4.7519.00 --1112 (3) 2001,2001 1 1 ; 30

2004 (4) 12. (1) (2), (3) (4) (5) 2001 2001 1 1 --14 13. (1) 10 (2) 50 (3) : 2001 2001 1 1,, --15 31

2004 32 14. (1) (2) --16 15., : (1) ; (2), ; (3) ; (4), : (1), ; (2),,, : (1) ; (2) --32 16. 17. (1) : < > [1995]11, (2),, (3) (4) 1. 13% 17% 2. 3%5% 3. : 7%1% 4. : 3% 5. 0.5

2004 6. (1) ( [2001]11 ), 14.85% (2) [1991]12, 15% (3) [2002]47 [2002]46 2004 15% (4) [2004]223, 2004 2006 (5) [2004]147, 2004 2006 (6) [2004]250 [94] 001 [2002]29,2004 1 1 2008 12 31 2009 1 1 2010 12 31 15 (7) 10 [2004]310 [2001]202 [2002]29, 2003 2005 (8) 33% 7. [2003]148 [2004]47 2001 1. 33

2004 3813 2097 55.00% 2000 ( ) ( ), 1800 90.00% 30500 26280.61 86.17% 44000 24000 54.55% 36000 27000 75.00% 2000 1900 95.00% 300 270 90.00% 1000 110KV 690 69% 300 257 85.67% 100 90 90.00% 12800 9194 71.83% 1 2004 *2004 2 7980 74.47% 56.66% **2004 11 6672 56.66% 66.13 % ( [2004]8-461 ) ***2004 12 18.89% 66.13% 84.83 % ****2004 12 408.61 84.83% 86.17 % 22004 2, 1000 52.27% 54.55% 34

2004 32004 11 1000 90.00% 95.00 % ( [2004]8-442 ) 42004 12 14,930,000.00 60.16% 71.83% 2. 2003 2003 60.16% 0% * 2004 12004 20, 1000 690 69% 2004 22004 257 85.67% 2004 32004 90 90.00%, 2004 42004 750 75.00%, 250 25.00%, ** 2004 12004 2004 22004 100 80 35

2004 80%, 20 20%, 2004 *** 2004 2004 393.08% *** 1 2004 12 31 2003 12 31 177,919.02 38,245.86 515,295,085.29 634,850,609.61 252,360,173.11 51,180,868.33 767,833,177.42 686,069,723.80 * 252,360,173.11 * * 201,179,304.78 43,139,000.00 30,000,000.00 * 2 2004 12 31 2003 12 31 791,660.93 8,799,300.43 21,507,785.60 49,508,728.90 22,299,446.53 58,308,029.33 8,000,000.00 ** 5%(5%) 3 2004 12 31 2003 12 31 0.00 0.00 1,943,649.40 1,161,307.40 0.00 0.00 1,943,649.40 1,161,307.40 * 1,943,649.40 4 2004 12 31 227,323.01 105,837.01 121,486.00 227,323.01 36

2004 5 1. 2004 12 31 1,041,036,269.31 1 : 2004 12 31 2003 12 31 (%) (%) 932,671,049.51 87.95 9,326,710.49 920,177,695.62 90.19 9,201,776.96 102,536,398.85 9.67 5,126,819.94 74,187,713.13 7.27 3,709,385.67 13,206,849.65 1.25 1,320,684.95 16,448,572.41 1.62 1,644,857.25 11,994,552.40 1.13 3,598,365.72 9,421,167.29 0.92 2,826,350.29 1,060,408,850.41 100.00 19,372,581.10 1,020,235,148.45 100.00 17,382,370.17 2 148,667,568.71 14.02% 3 5%(5%) 2. 2004 12 31 196,559,112.00 1 : 2004 12 31 2003 12 31 (%) (%) 119,798,113.27 58.52 1,197,981.13 139,885,293.9 83.80 1,398,852.94 64,724,976.63 31.62 3,236,248.83 12,273,410.33 7.36 613,670.53 11,729,940.76 5.73 1,172,994.08 7,763,988.03 4.65 776,398.80 8,447,579.11 4.13 2,534,273.73 6,997,346.39 4.19 2,099,203.91 204,700,609.77 100.00 8,141,497.77 166,920,038.7 100.00 4,888,126.18 2 36,855,119.58 18.00 % 3 5%(5%) 6 2004 12 31 537,212,962.61 1 : 2004 12 31 2003 12 31 (%) (%) 488,348,363.42 90.90 175,396,740.10 88.68 28,594,404.78 5.32 19,056,762.88 9.63 17,114,852.75 3.19 471,330.56 0.24 3,155,341.66 0.59 2,871,868.94 1.45 537,212,962.61 100.00 197,796,702.48 100.00 2 86,166,756.62 16.04% 3 339,416,260.13 171.60% () 37

2004 4, 7 2004 12 31 2003 12 31 164,978,609.51 1,079,341.78 90,022,165.9 1,079,341.78 8,926,878.79 0.00 11,410,662.1 0.00 516,837,635.05 133,644.88 368,322,216. 133,644.88 277,646,872.38 22,730.93 185,002,803. 22,730.93 7,562,989.93 0.00 5,872,261.38 0.00-1,965,713.42 0.00-0.00 15,826,221.63 0.00 9,045,173.56 0.00 33,401,807.16 0.00 29,436,555.0 0.00 20,574,753.03 0.00 36,923,989.5 0.00 73,489,842.28 0.00 0.00 0.00 149,760.97 0.00 196,377.61 0.00 676,179.85 0.00 1,028,108.89 0.00 27,678,586.30 0.00 93,298,144.0 0.00 1,145,784,423. 1,235,717.59 828,858,945. 1,235,717.59 * 316,925,478.23 38.24% ** *** **** 9 * 8 504,744.14 765,109.28 792,429.49 477,423.93 0.00 4,429,568.69 0.00 4,429,568.69 76,206.73 203,558.14 234,839.63 44,925.24 580,950.87 5,398,236.11 1,027,269.12 4,951,917.86 38

2004 9 2004 12 31 3,195,939.09, 1,070,873.61 2,125,065.48 10 2004 12 31 224,308,090.50 1 2003 12 31 2004 12 31 194,737,052.14 1,472,490.54 53,982,011.86 22,938,482.96 225,780,581.0 1,472,490.5 : 451,883.04 0.00 3,572,006.17 46,346.96 3,977,542.25 0.00 2 4,760,000.00 2.04% 4,760,000.00 0.00 5,000,000.00 2.14% 5,000,000.00 0.00 80,983,864.02 29.42% 109,023,545.69 0.00 110,000.00 0.26% 0.00 0.00 2,000,000.00 4.00% 2,000,000.00 0.00 3,900,000.00 39.00% 9,205,327.57 0.00 7,200,000.00 36.00% 7,854,022.71 0.00 7,723,800.00 13.60% 17,304,487.82 0.00 10,000,000.00 5.00% 10,000,000.00 0.00 16,000,000.00 32.00% 28,379,700.00 0.00 9,000,000.00 3.88% 9,000,000.00 1,472,490.54 1,050,000.00 3.01% 1,050,000.00 0.00 2,000,000.00 6.67% 2,000,000.00 0.00 4,000,000.00 40.00% 0.00 0.00 2,000,000.00 10.00% 2,000,000.00 0.00 1,395,094.00 2.79% 0.00 0.00 465,000.00 29.40% 1,558,905.63 0.00 674,900.00 44.99% 2,667,049.37 0.00 7,500,000.00 75.00% 7,500,000.00 0.00 2,500,000.00 25.00% 2,500,000.00 0.00 168,262,658.02 221,803,038.79 1,472,490.54 (3) 463,469.78 10 451,883.04 0.00 46,346.96 405,536.08 3,572,006.17 10 0.00 3,572,006.17 0.00 3,572,006.17 4,035,475.95 451,883.04 3,572,006.17 46,346.96 3,977,542.25 (4) 1,472,490.54 0.00 0.00 1,472,490.54 39

2004 (5) -134,438.40 10-76,830.41 0.00-13,443.84-63,386.57 2,705,164.46 10 2,389,561.94 0.00 270,516.44 2,119,045.50 2,570,726.06 2,312,731.53 0.00 257,072.60 2,055,658.93 * 750 75.00%, 250 25.00%, ** 10 *** 2004 3 6 3,786,654.55 85,264.05 **** 139.7094 ***** A 21.00% 13.60% ****** 10 11 633,835,848.79 83,831,385.93 14,663,385.57 703,003,849.15 878,760,273.05 261,604,770.75 28,927,014.37 1,111,438,029.43 66,111,492.84 19,197,898.27 10,961,039.76 74,348,351.35 23,768,362.93 7,975,078.12 12,233,408.47 19,510,032.58 1,602,475,977.61 372,609,133.07 66,784,848.17 1,908,300,262.51 * 310,682,027.62 ** 88,328,346.00 28,000,000.00 79,403,660.00 30,000,000.00 143,878,400.00 30,000,000.00 23,210,000.00 15,000,000.00 75,284,116.00 28,000,000.00 65,530,000.00 32,000,000.00 150,134,766.00 50,000,000.00 28,898,969.00 18,000,000.00 40

2004 12 59,468,489.99 19,510,092.81 1,303,574.22 77,675,008.58 189,981,567.94 65,277,114.61 8,930,485.31 246,328,197.24 6,616,160.46 8,087,968.76 2,000,512.83 12,703,616.39 5,226,263.54 3,167,818.14 403,867.36 7,990,214.32 261,292,481.93 96,042,994.32 12,638,439.72 344,697,036.53 * ** 11 13 2004 12 31 2003 12 31 7,417,298.26 7,452,940.22 26,075,332.70 26,435,470.47 527,186.22 579,237.92 34,475.22 75,711.72 34,054,292.40 34,543,360.33 14 1,048,530.51 4,694,253.82 5,742,784.33 0.00 100% 27,337,900.04 2,622,309.00 29,960,209.04 0.00 100% 0.00 10,706,940.33 9,670,287.70 1,036,652.63 70% 7,660,146.28 0.00 7,660,146.28 0.00 100% 3,229,632.00 246,121.28 3,475,753.28 0.00 100% 40,464,851.61 175,055,129.73 120,240,596.95 95,279,384.39 90% 1,756,077.85 1,525,767.13 1,495,396.84 1,786,448.14 90% 110KV 10,908,434.13 7,522,042.49 13,180,823.67 5,249,652.95 100% 8,403,251.80 6,868,079.54 9,018,898.55 6,252,432.79 90% 16,313,561.85 0.00 16,313,561.85 0.00 100% 360,410.25 1,036,815.00 333,605.25 1,063,620.00 90% 4,780,149.10 6,618,718.24 9,259,797.34 2,139,070.00 70% 0.00 12,567,157.74 11,677,126.56 890,031.18 85% 18,076,247.25 52,898,371.36 50,411,141.08 20,563,477.53 90% 4,951,720.66 3,516,027.32 8,467,747.98 0.00 100% 3,442,090.57 874,080.23 3,442,090.57 874,080.23 95% 741,837.34 1,247,107.22 1,554,714.86 434,229.70 90% 15 8,152,070.32 7,062,719.23 243,323.40 14,971,466.15 43% 6,959,964.00 0.00 0.00 6,959,964.00 10% 17,109,911.51 109,090,246.24 205,088.00 125,995,069.75 30% 41

2004 4,929,974.50 0.00 4,929,974.50 20% 0.00 13,206,442.00 0.00 13,206,442.00 60% 0.00 5,959,621.63 0.00 5,959,621.63 10% 0.00 7,594,707.39 5,526,416.19 2,068,291.20 90% 0.00 2,802,517.90 2,802,517.90 0.00 100% 186,626,761.57 433,715,174.82 310,682,027.62 309,659,908.77 * 12,083,544.94, 10,775,845.23 22,859,390.17 ** *** **** 12 15 924,480.00 435,680.00 0.00 435,680.00 0.00 0.00 2,683,319.60 2,334,482.81 0.00 53,666.69 2,280,816.12 0.00 42.50 3,949,470.00 3,692,754.44 0.00 78,989.11 3,613,765.33 0.00 43.85 38,358,539.00 37,129,386.98 0.00 754,168.92 36,375,218.06 0.00 48.00 800,615.00 484,774.24 104,600.00 96,651.21 492,723.03 116,022.95 1,806,100.00 1,708,726.96 291,747.84 486,126.48 1,514,348.32 0.00 8.00 110KV 999,960.00 536,560.00 0.00 536,560.00 0.00 0.00 350KV 860,040.00 461,518.00 0.00 461,518.00 0.00 0.00 197,562.00 158,049.60 0.00 29,779.20 128,270.40 0.00 7.00 188,000.00 85,644.49 0.00 37,599.96 48,044.53 0.00 1.41 11,979,800.00 11,291,122.00 0.00 256,212.00 11,034,910.00 0.00 43.67 18,777,000.00 18,401,460.00 0.00 375,540.00 18,025,920.00 0.00 48.00 55,932,296.43 55,455,419.56 0.00 1,190,899.20 54,264,520.36 0.00 48.58 1,642,500.00 1,639,757.94 537,110.25 2,176,868.19 0.00 0.00 48.42 5,257,350.49 5,152,203.48 446,014.82 87,530.33 5,510,687.97 0.00 48.00 49,180,000.00 49,180,000.00 0.00 4,917,999.96 44,262,000.04 0.00 9.00 66,559,269.44 66,559,269.44 0.00 1,331,185.44 65,228,084.00 0.00 49.00 ERP 2,436,000.00 0.00 2,436,000.00 130,500.00 2,305,500.00 0.00 9.25 435,954.00 0.00 435,954.00 6,539.31 429,414.69 0.00 262,968,255.96 254,706,809.94 4,251,426.91 13,444,014.00 245,514,222.85 42

2004 * 37,992,904.00 20,000,000.00 27,773,495.00 10,000,000.00 ** 3300 *** 1,433,758.00 350KV 110KV **** 13 16 60,342.85 0.00 55,314.38 5,028.47 3,876,304.67 0.00 811,949.49 3,064,355.18 417,335.33 0.00 140,162.52 277,172.81 ISO 402,801.97 0.00 120,637.07 282,164.90 3,753,899.44 0.00 497,152.16 3,256,747.28 C 114,599.56 378,519.38 19,787.15 473,331.79 8,625,283.82 378,519.38 1,645,002.77 7,358,800.43 ** *** **** 17 2004 12 31 2003 12 31 205,000,000.00 107,200,000.00 359,000,000.00 77,000,000.00 594,400,000.00 903,650,000.00 72,000,000.00 61,600,000.00 8,000,000.00 0.00 128,584,740.00 0.00 47,745,472.71 0.00 1,414,730,212.71 1,149,450,000.00 * 265,280,212.71 23.08% ***** 43

2004 18 2004 12 31 490,534,990.63, 5%(5%) 19 2004 12 31 548,337,789.45 : 2004 12 31 2003 12 31 (%) (%) 514,645,630.35 93.85 430,039,890.1 96.90 25,320,119.46 4.62 9,743,984.49 2.20 6,957,424.31 1.27 3,563,399.03 0.80 1,414,615.33 0.26 466,151.93 0.10 548,337,789.45 100.00 443,813,425.6 100.00 (2) 104,524,363.84 23.55% (3) (4) 5% (5%) 16,425.00, 20 2004 12 31 558,104,023.52, 326,223,644.94 140.69% 5%(5%) 21 2004 12 31 6,919,188.76 22 2004 12 31 2003 12 31 9,653,532.93 17,106,639.51 12,634,768.60 14,622,515.29 3,525,975.60 2,478,302.06 1,212,491.69 1,192,465.19 118,059.09-13,188.75 242,493.90 36,967.93 1,770.50 1,468.00 726,982.11 148,783.20-3,982.38-56,846.43 6,981.80 3,364.75 28,119,073.84 35,520,470.75 44

2004 23 2004 12 31 128,936,760.76 : 2004 12 31 2003 12 31 (%) (%) 104,434,278.15 81.00 348,772,120.86 90.93 9,362,379.43 7.26 23,139,850.70 6.03 5,928,617.13 4.60 6,199,600.89 1.62 9,211,486.05 7.14 5,457,784.18 1.42 128,936,760.76 100.00 383,569,356.63 100.00 (2) 254,632,595.87 66.39% (3) 5%(5%) 24 2004 12 31 2003 12 31 197,372.84 44,197.37 0.00 126,352.69 197,372.84 170,550.06 25 2004 12 31, 509,000,000.00 (%) 52,000,000.00 2002.12.19-2005.12.18 5.49 40,000,000.00 2003.08.11-2005.08.10 5.49 30,000,000.00 2003.08.11-2005.08.10 5.49 50,000,000.00 2003.12.05-2005.12.04 5.49 90,000,000.00 2002.11.12-2005.11.11 5.49 20,000,000.00 2003.05.09-2005.05.09 5.49 50,000,000.00 2003.08.11-2005.08.11 5.49 40,000,000.00 2003.08.11-2005.04.11 5.49 40,000,000.00 2003.12.02-2005.08.02 5.49 4,000,000.00 2004.12.24-2005.10.15 7.488 4,000,000.00 2004.12.24-2005.12.15 7.488 60,000,000.00 2002,12.31-2005.12.30 6.039 20,000,000.00 2003.01.21-2005.01.20 2.748 9,000,000.00 2003.12.10-2005.12.10 2.748 509,000,000.00 45

2004 26 (%) 30,000,000.00 2003.08.11-2006.02.10 5.49 2,000,000.00 2004.12.24-2006.07.15 7.488 3,000,000.00 2004.12.24-2006.10.15 7.488 5,000,000.00 2004.12.24-2006.12.15 7.488 30,000,000.00 2003.07.31-2006.07.30 5.49 20,000,000.00 2003.01.15-2006.01.14 5.49 40,000,000.00 2004.07.28-2006.07.27 5.49 30,000,000.00 2004.11.15-2006.11.14 5.76 50,000,000.00 2004.11.17-2006.11.16 5.76 50,000,000.00 2004.11.19-2007.11.18 5.76 30,800,000.00 2002.03.29-2007.03.28 6.696 34,700,000.00 2002.12.31-2006.12.30 6.138 9,280,000.00 2003.10.16-2018.10.16 2.18 1,000,000.00 1989.01.03-10,000,000.00 2004.02.09-2006.02.08 2.748 20,000,000.00 2004.05.11-2006.05.10 5.49 18,000,000.00 2004.06.07-2006.06.06 6.039 383,780,000.00 [2003]428 ** 2003 27 2004 12 31 2003 12 31 46,457.38 139,260.57 9,290,000.00 9,290,000.00 85,449,350.65 0.00 94,785,808.03 9,429,260.57 * - 2003 46

2004 28 : (+,-). 1.8,286.9440 8,286.9440 : 8,286.9440 8,286.9440 2.4,620.4736 4,620.4736 3.0.00 0.00 4. : 12,907.4176 12,907.4176. 1. 13,041.60 3,912.48 3,912.48 16,954.08 2. 3. 4. 13,041.60 3,912.48 3,912.48 16,954.08.. 25,949.0176 3,912.48 29,861.4976 * 2002 2002 2004, 2004 9 16 [2004]143, 25,949.0176, 10 3, 3912.48 29,861.4976 ** 2900 9.71% 2004 10 21 2005 9 13 29 2003 12 31 2004 12 31 398,201,105.00 265,120,207.31 0.00 663,321,312.31 12,910,000.00 0.00 0.00 12,910,000.00 2,664,135.35 715,092.24 0.00 3,379,227.59 821,797.89 0.00 0.00 821,797.89 414,597,038.24 265,835,299.55 0.00 680,432,337.79 * - 265,120,207.31 2002 8.18 3912.48 306,981,807.31 47

2004 304,245,007.31 39,124,800.00 265,120,207.31 ** - 715,092.24 547,060.84 140,347.24 30 2003 12 31 2004 12 31 65,784,449.92 18,019,566.43 178,812.29 83,625,204.06 19,449,108.35 9,009,783.17 89,406.14 28,369,485.38 85,233,558.27 27,029,349.60 268,218.43 111,994,689.44 ** * 10%, 5% 31 226,782,594.57 95,208,626.92 17,840,754.14 8,920,377.03 0.00 29,861,497.60 265,368,592.72 * 10%, 5% ** 2003 4,619,885.13 2004 1,543,785.44 *** 2004 10 1.00, 32 1,673,426,161.31 1,321,501,860.78 1,455,821,202.09 1,139,546,896.21 217,604,959.22 181,954,964,57 1,755,731,333.13 862,861,509.09 1,319,814,760.72 623,692,642.78 435,916,572.41 239,168,866.31 63,916,551.33 28,436,462.75 42,219,531.52 12,244,685.23 21,697,019.81 16,191,777.52 59,874,301.37 28,923,715.72 43,688,576.26 15,742,476.51 16,185,725.11 13,181,239.21 4,296,655.47 1,324,209.18 2,798,411.34 827,382.01 1,498,244.13 496,827.17 0.00 14,240,253.37 0.00 5,182,285.40 0.00 9,057,967.97 116,834,126.97 67,093,436.48 91,561,014.46 53,390,366.85 25,273,112.51 13,703,069.63 3,674,079,129.58 2,324,381,447.37 2,955,903,496.39 1,850,626,734.99 718,175,633.19 473,754,712.38 48

2004 * 58.07 %, 1 ; 2, 3 4 124.77%,, 2003 EL Gaili-Shendi-Atbara 220KV 5 6 42,546,105.83 33 24,464,480.18, 34 2004 2003 116,532,740.36 75,197,989.39 11,051,552.08 4,329,570.37 6,273,561.80 4,065,020.75 111,754,750.08 74,933,439.77 * 36,821,310.31 49.14% ** 6,721,981.71 155.26% ** 2004 3 6 35 2004 2003 23,902,782.27 23,626,868.79 1,615,267.15 1,846,190.50-257,072.60-270,890.14 829,845.34 2,524,730.50-208,700.05-1,636,118.80 0.00-311,543.15 0.00-1,472,490.54 25,882,122.11 24,306,747.16 * 10 160,000.00 50,000.00 49

2004 3,786,654.55 85,264.05 *** 139.7094 1,187,529.90 173,436.00 * ** 36 2004 2003 0.00 719,000.00 348,499.00 0.00 84,715.00 0.00 3,700,000.00 0.00 4,133,214.00 719,000.00 37 2004 2003 2,396,881.81 1,390,826.30 953,582.70 1,215,061.71 296,775.00 111,660.43 0.00 1,218,146.92 238,274.81 233,746.65 3,885,514.32 4,169,442.01 38 2004 2003 527,788.94 1,265,314.86 334,657.47 261,805.78 11,480.00 466,099.82 185,289.90 85,054.78 0.00 40,743.52 6,544.87 0.00 1,065,761.18 2,119,018.76 39 2004-2,506,812.28 50

2004 40 559,512,364.73, 1. 2004 12 31 416,733,879.18 (1) : 2004 12 31 2003 12 31 (%) (%) 360,843,791.47 84.81 3,608,437.91 362,515,416.51 91.42 3,625,154.17 52,929,646.24 12.44 2,646,482.31 23,941,355.77 6.04 1,197,067.79 5,103,317.43 1.20 510,331.75 5,135,831.31 1.29 513,583.13 6,603,394.30 1.55 1,981,018.29 4,953,538.54 1.25 1,486,061.56 425,480,149.44 100.00 8,746,270.26 396,546,142.13 100.00 6,821,866.65 (2) 102,063,608.62, 23.99% 2. (1) 2003 12 31 2004 12 31 939,341,175.27 1,472,490.54 320,318,789.40 37,398,235.92 1,222,261,728.75 1,472,490.54 (2) 4,760,000.00 2.04% 4,760,000.00 0.00 5,000,000.00 2.14% 5,000,000.00 0.00 80,983,864.02 29.42% 109,023,545.69 0.00 110,000.00 0.26% 0.00 0.00 2,000,000.00 4.00% 2,000,000.00 0.00 3,900,000.00 39.00% 9,205,327.57 0.00 20,970,000.00 55.00% 36,057,651.14 0.00 7,200,000.00 36.00% 7,854,022.71 0.00 7,723,800.00 13.60% 17,304,487.82 0.00 18,000,000.00 90.00% 45,247,354.24 0.00 10,000,000.00 5.00% 10,000,000.00 0.00 16,000,000.00 32.00% 28,379,700.00 0.00 9,000,000.00 3.88% 9,000,000.00 1,472,490.54 1,050,000.00 3.01% 1,050,000.00 0.00 2,000,000.00 6.67% 2,000,000.00 0.00 4,000,000.00 40.00% 0.00 0.00 262,806,100.00 86.17% 348,658,448.88 0.00 2,000,000.00 10.00% 2,000,000.00 0.00 19,000,000.00 95.00% 19,502,989.13 0.00 51

2004 270,000,000.00 75.00% 283,557,784.53 0.00 240,000,000.00 54.55% 258,588,680.58 0.00 2,700,000.00 90.00% 2,634,894.94 0.00 2,570,000.00 85.67% 3,146,594.55 0.00 900,000.00 90.00% 788,654.48 0.00 6,900,000.00 69.00% 9,001,592.49 0.00 7,500,000.00 75.00% 7,500,000.00 0.00 1,007,086,164.02 1,222,261,728.75 1,472,490.54 2 1,472,490.54 0.00 0.00 1,472,490.54 (3) -134,438.40 10-76,830.41 0.00-13,443.84-63,386.57 2,705,164.46 10 2,389,561.94 0.00 270,516.44 2,119,045.50 463,469.78 10 451,883.04 0.00 46,346.96 405,536.08 3,572,006.17 10 0.00 3,572,006.17 0.00 3,572,006.17 6,606,202.01 2,764,614.57 3,572,006.17 303,419.56 6,033,201.18 * 2003 4,619,885.13 3,096,385.61 ** 750 75.00%, 250 25.00%, *** 10, 50,000.00 **** 2004 3 6 3,786,654.55 85,264.05 ***** 139.7094 ****** A 21.00% 13.60% ******* 69.00% ******* 85.67% ******** 90.00% 52

2004 3. 2004 2003 86,479,028.04 61,678,503.67 1,527,909.25 1,846,190.50-303,419.56-270,890.14 577,277.60 2,464,328.50-35,264.05-1,636,118.80 0.00 9,569.85 0.00-1,472,490.54 88,245,531.28 62,619,093.04 4. 562,030,484.07 632,686,558.23 502,472,527.62 553,002,507.03 59,557,956.45 79,684,051.20 566,864,759.21 469,826,262.29 438,613,126.15 354,131,042.55 128,251,633.06 115,695,219.74 63,916,551.33 28,436,462.75 42,219,531.52 12,244,685.23 21,697,019.81 16,191,777.52 1,939,257.50 392,411.25 559,256.24 322,308.35 1,380,001.26 70,102.90 0.00 11,319,297.55 0.00 4,543,141.90 0.00 6,776,155.65 75,045,175.86 86,870,295.87 63,550,739.82 75,353,632.31 11,494,436.04 11,516,663.56 1,269,796,227.97 1,229,531,287.94 1,047,415,181.35 999,597,317.37 222,381,046.62 229,933,970.57 1 124.77%,, 2003 EL Gaili-Shendi-Atbara 220KV 2 3 19,365,492.02 1 53

2004 2 2004 2003 435,546.00 3,193,794.23 3,508.37 0.00 117,600.00 0.00 11,775.01 57,363.76 17,571,517.01 22,596,247.98 4,869,094.67 6,861,798.68 0.00 13,343,589.74 46,342,823.95 7,187,210.31 43,074,821.87 30,350,203.19 0.00 81,207.66 * 3 2004 2003 27,952,922.68 0.00 12,646,679.34 5,859,934.01 81,738,390.14 39,875,285.97 19,142,038.67 19,123,085.13 39,255,147.32 25,201,589.04 199,900.00 48,932.00 66,804,350.95 27,321,996.41 30,954,700.84 0.00 4 1,230,392.00 15,475.01 5 159,034.50 6 2004 12200 400 54

2004 7 2004 12 31 2003 12 31 2,230,000.00 0.00 72,563.12 1,179,463.63 117,722.76 763,748.40 2,173,180.91 2,053,861.22 0.00 286,000.00 0.00 35,509,737.59 181,242.80 10,639,951.66 7,174,147.62 24,195.07 1,045,710.20 0.00 0.00 50,000.00 1,695,128.41 1,171.28 21,469,499.56 0.00 789,700.00 0.00 33,139,793.98 0.00 10,809610.17 12,409,748.41 16,361,016.44 8,856,316.38 191,638.52 0.00 105,837.01 1,119,837.01 24,515,600.00 17,000,000.00 300,000.00 8,568,807.00 10,900,000.00 7,900,000.00 0.00 620,431.80 16,425.00 0.00 75,663.95 1,531,897.92 114,557.00 369,937.50 447,636.41 6,012,922.42 0.00 5,264,522.40 46,561,574.06 14,000,902.40 6,174,143.29 0.00 9,792.42 9,792.42 50,320.00 0.00 3,658,825.00 0.00 20,800.00 240,060.00 1,099,000.00 75,663.95 60,041.95 200.00 15,111,825.69 1,306,488.90 0.00 2,155,501.72 117,573.75 0.00 : (1) ( : ) 55

2004 4,500.57 2003.08.25-2005.12.31 9,000.00 2004.10.10-2005.10.10 6,000.00 2002.12.31-2005.11.21 3,470.00 2002.12.31-2006.11.22 1,000.00 2004.01.17-2005.01.18 500.00 2004.04.19-2005.04.20 1,000.00 2004.05.11-2005.05.12 3,080.00 2004.03.29-2007.03.28 1,000.00 2004.06.22-2005.06.23 1,000.00 2004.09.01-2005.08.30 1,000.00 2004.09.30-2005.09.29 1,000.00 2004.04.21-2005.04.21 5,000.00 2004.06.23-2005.06.21 37,550.57 (2) ( : ) 5,000.00 2004.01.01-2005.12.31 3,000.00 2004.01.21-2005.01.21 12005 3 12 2004 2004 91,603,685.72 180,957,546.93 2003 249,574,388.59 10% 9,160,368.57 5% 4,580,184.29 2004 327,437,521.44 2004 12 31 298,614,976.00 10 1 29,861,497.60 297,576,023.84 2004 2004 12 31 298,614,976.00 10 3 89,584,493.00 22005 1 14 5580.81 3153 2004 9 30 1.77 1600 32 4753 52.81 56

2004 2005 1 19 32005 1 12004 12 14 2004, 2500 62.5 2004 12 12, 2 2900 11.76% 2004 10 21 2005 9 13 3, ( ) 133,642,488.00 2003 116,352,057.55 2003 2003 2003 33,183,192.47 2004.3.23 4.2 23,297,134.92 9,886,057.55 53,231.64 19,906,000.00 2004.6.30 4.2 5,040,000.00 14,866,000.00 406,644.00 30,000,000.00 2004.3.20 5.31% 0.00 30,000,000.00 82,400.00 4,270,000.00 2004.01.30 5.31% 0.00 4,270,000.00 214,625.00 5,540,000.00 2004.04.10 5.31% 0.00 5,540,000.00 140,418.06 4,500,000.00 2004.03.10 5.31% 0.00 4,500,000.00 115,378.47 6,335,000.00 2004.05.09 5.31% 0.00 6,335,000.00 170,858.33 4,955,000.00 2004.06.03 5.31% 0.00 4,955,000.00 175,628.25 10,000,000.00 2004.07.05 5.31% 0.00 10,000,000.00 204,044.83 5,000,000.00 2004.02.11 5.31% 0.00 5,000,000.00 38,676.75 5,000,000.00 2004.05.01 5.31% 0.00 5,000,000.00 65,256.02 4,000,000.00 2004.04.21 5.31% 0.00 4,000,000.00 137,704.00 2,000,000.00 2004.05.21 5.31% 0.00 2,000,000.00 12,095.00 10,000,000.00 2004.07.05 5.31% 0.00 10,000,000.00 258,111.40 144,689,192.47 28,337,134.92 116,352,057.55 2,075,071.75 57

2004 ( ) 2004 20,000,000.00 26,190,000.00 2004.12.31 5.31% 20,000,000.00 93,100.00 30,000,000.00 39,700,000.00 2005.03.21 5.31% 0.00 1,051,416.67 6,000,000.00 13,210,000.00 2004.10.03 4.2 6,000,000.00 98,950.00 11,700,000.00 14,620,000.00 2004.12.23 4.2 11,700,000.00 195,014.00 23,942,488.00 29,928,110.00 2004.12.23 4.2 23,942,488.00 73,264.01 10,000,000.00 14,302,115.28 2005.01.05 5.05% 0.00 257,499.98 8,500,000.00 12,225,780.89 2005.02.01 5.05% 0.00 196,220.12 4,700,000.00 6,884,212.99 2005.03.01 5.05% 0.00 121,012.49 7,000,000.00 10,216,312.68 2005.05.01 5.05% 0.00 180,249.99 6,300,000.00 11,066,412.22 2005.06.08 5.05% 0.00 167,580.00 5,500,000.00 7,955,288.29 2005.04.01 5.05% 0.00 141,624.99 133,642,488.00 186,298,232.35 61,642,488.00 2,575,932.25 58

2004 2004 12 31 2003 12 31 2004 12 31 2003 12 31 1 767,833,177.42 686,069,723.80 283,376,843.56 199,053,434.48 3-782,342.00 - - 2 22,299,446.53 58,308,029.33 5,599,969.73 30,858,804.49 4 227,323.01 1,438,958.01 4,758,837.01 6,091,958.01 - - - - 5 1,041,036,269.31 1,002,852,778.28 416,733,879.18 389,724,275.48 5 196,559,112.00 162,031,912.54 179,298,955.34 120,796,046.48 6 537,212,962.61 197,796,702.48 221,403,731.24 67,883,950.93 - - - - 7 1,144,548,705.87 827,623,227.64 340,681,042.36 255,595,535.17 8 4,951,917.86 580,950.87 - - - - - - 9 3,195,939.09 17,678,442.36 1,070,873.61 6,730,757.76 - - - - - - - - 3,717,864,853.70 2,955,163,067.31 1,452,924,132.03 1,076,734,762.80 10 224,308,090.50 193,264,561.60 1,220,789,238.21 937,868,684.73 10 - - - - 224,308,090.50 193,264,561.60 1,220,789,238.21 937,868,684.73 10 3,977,542.25 451,883.04 11 1,908,300,262.51 1,602,475,977.61 655,217,571.71 610,857,083.64 12 344,697,036.53 261,292,481.93 170,143,431.26 144,147,402.92 1,563,603,225.98 1,341,183,495.68 485,074,140.45 466,709,680.72 13 34,054,292.40 34,543,360.33 30,068,196.48 30,557,264.41 1,529,548,933.58 1,306,640,135.35 455,005,943.97 436,152,416.31 63,243.88 248,813.81 - - 14 309,659,908.77 186,626,761.57 39,489,690.12 34,587,940.36 - - - - - - - - 1,839,272,086.23 1,493,515,710.73 494,495,634.09 470,740,356.67 15 245,398,199.90 253,157,028.99 8,328,906.17 8,261,247.12 16 7,358,800.43 8,625,283.82 3,738,844.98 5,092,470.86 - - - 252,757,000.33 261,782,312.81 12,067,751.15 13,353,717.98 - - - - 6,034,202,030.76 4,903,725,652.45 3,180,276,755.48 2,498,697,522.18 59

2004 2004 12 31 2003 12 31 2004 12 31 2003 12 31 17 1,414,730,212.71 1,149,450,000.00 527,745,472.71 324,000,000.00 18 490,534,990.63 330,706,624.89 220,177,615.40 239,229,599.70 19 548,337,789.45 443,813,425.61 227,463,729.57 170,894,928.39 20 558,104,023.52 231,880,378.58 112,318,274.49 80,790,557.96 1,130,417.79 1,472,366.00 213,397.53 649,216.68 15,396,539.96 9,573,370.02 4,290,094.16 5,266,552.62 21 6,919,188.76 1,375,794.61 2,905,273.60 950,272.00 22 28,119,073.84 35,520,470.75-3,156,844.73 7,990,431.17 1,107,202.72 1,267,564.27 218,190.36 217,514.11 23 128,936,760.76 383,569,356.63 40,261,324.26 101,636,164.56 24 197,372.84 170,550.06 197,372.84 44,197.37 - - - - 25 509,000,000.00 40,900,000.00 412,000,000.00 - - - - - 3,702,513,572.98 2,629,699,901.42 1,544,633,900.19 931,669,434.56 26 383,780,000.00 776,780,000.00 250,000,000.00 552,000,000.00 - - - - - 118,848.36 - - 27 94,785,808.03 9,429,260.57 - - - - - - 478,565,808.03 786,328,108.93 250,000,000.00 552,000,000.00 - - - - 4,181,079,381.01 3,416,028,010.35 1,794,633,900.19 1,483,669,434.56 466,850,556.20 475,645,257.42 - - 28 298,614,976.00 259,490,176.00 298,614,976.00 259,490,176.00 - - - - 298,614,976.00 259,490,176.00 298,614,976.00 259,490,176.00 29 680,432,337.79 414,597,038.24 680,432,337.79 414,597,038.24 30 111,994,689.44 85,233,558.27 79,158,020.06 65,417,467.19 30 28,369,485.38 19,449,108.35 17,423,929.16 12,688,925.59 31 295,230,090.32 226,782,594.57 327,437,521.44 249,574,388.59-25,949,017.60-25,949,017.60 1,386,272,093.55 1,012,052,384.68 1,385,642,855.29 1,015,028,087.62 6,034,202,030.76 4,903,725,652.45 3,180,276,755.48 2,498,697,522.18 60

2004 2004 2003 2004 2003 32 3,674,079,129.58 2,324,381,447.37 1,269,796,227.97 1,229,531,287.94 - - - - 3,674,079,129.58 2,324,381,447.37 1,269,796,227.97 1,229,531,287.94 32 2,955,903,496.39 1,850,626,734.99 1,047,415,181.35 999,597,317.37 11,485,515.14 10,110,379.84 4,135,812.57 4,883,233.11-706,690,118.05 463,644,332.54 218,245,234.05 225,050,737.46-33 24,464,480.18 8,132,526.33 9,073,572.87 4,334,621.90 282,257,242.34 156,884,042.93 91,757,364.56 82,703,854.49 180,818,965.37 108,011,287.70 68,952,316.50 53,083,864.13 34 111,754,750.08 74,933,439.77 56,473,205.28 39,804,018.40-156,323,640.44 131,948,088.47 10,135,920.58 53,793,622.34-35 25,882,122.11 24,306,747.16 88,245,531.28 62,619,093.04 36 4,133,214.00 719,000.00 433,214.00-37 3,885,514.32 4,169,442.01 962,996.87 2,240,325.79 38 1,065,761.18 2,119,018.76 367,741.97 1,327,962.21 39-2,506,812.28 4,372,040.39-5,259,140.46 3,043,155.79-186,651,917.41 163,396,299.27 94,150,780.30 120,368,234.75 49,594,348.57 29,378,524.48 2,547,094.58 9,114,282.68 41,848,941.92 22,722,669.12 - - 95,208,626.92 111,295,105.67 91,603,685.72 111,253,952.07 2004 2003 - - 1 208,700.05 1,636,118.80 2 3 4 5 6 61

2004 2004 2003 2004 2003 95,208,626.92 111,295,105.67 91,603,685.72 111,253,952.07 226,782,594.57 166,010,748.98 249,574,388.59 180,957,546.93 - - - 321,991,221.49 277,305,854.65 341,178,074.31 292,211,499.00 17,840,754.14 16,382,828.48 9,160,368.58 11,125,395.21 8,920,377.03 8,191,414.00 4,580,184.29 5,562,697.60 - - - - - - - - - - - - - - - - 295,230,090.32 252,731,612.17 327,437,521.44 275,523,406.19 - - - - - - - - - 25,949,017.60-25,949,017.60 - - - - 295,230,090.32 226,782,594.57 327,437,521.44 249,574,388.59 62

2004 2004 4,820,077,843.30 1,541,415,006.61 19,889,041.66 18,311,909.14 34,411,814.73 10,855,105.47 4,874,378,699.69 1,570,582,021.22 3,732,976,443.59 1,385,368,157.50 181,983,692.04 49,789,634.86 173,656,935.75 67,846,901.00 40 559,512,364.73 237,627,048.87 4,648,129,436.11 1,740,631,742.23 226,249,263.58-170,049,721.01 52,492,941.04 38,129,046.84 8,006,565.21 20,320,430.29 2,639,344.28 1,573,986.71 - - 63,138,850.53 60,023,463.84 610,059,756.76 65,690,184.30 85,705,081.81 274,515,793.75-695,764,838.57 340,205,978.05-632,625,988.04-280,182,514.21 304,245,007.31 304,245,007.31 1,230,000.00-1,913,125,972.71 887,745,472.71 - - 2,218,600,980.02 1,191,990,480.02 1,572,745,760.00 574,000,000.00 145,369,475.89 81,865,114.90 12,345,566.05 1,569,720.82 1,730,460,801.94 657,434,835.72 488,140,178.08 534,555,644.30 - - 81,763,453.62 84,323,409.08 63

2004 2004 1 95,208,626.92 91,603,685.72 5,243,582.52 5,215,949.33 96,042,994.32 31,529,270.29 9,833,387.81 764,642.79 1,645,002.77 1,353,625.88 41,848,941.92 - -4,370,966.99-26,822.78 153,175.47-1,869,092.87-669,688.46 - - 116,659,093.05 60,292,336.92-23,375,309.83-82,986,390.82 - -316,925,478.23-85,085,507.19-190,565,869.70-169,181,105.45 396,847,529.11-23,039,715.49 226,249,263.58-170,049,721.01 2 - - - - - - 3 767,833,177.42 283,376,843.56 686,069,723.80 199,053,434.48 - - - - 81,763,453.62 84,323,409.08 64

2004 2004 12 31 1 22,270,496.34 5,243,582.53 - - - 27,514,078.87 2 17,382,370.16 1,990,210.94-19,372,581.10 3 4,888,126.18 3,253,371.59-8,141,497.77 4-5 1,161,307.40 - - 1,161,307.40 1,161,307.40-6 1,161,307.40 1,161,307.40 1,161,307.40-7 - - - - 8-9 1,235,717.59 - - - - 1,235,717.59 10 133,644.88 - - - - 133,644.88 11 1,079,341.78 - - - - 1,079,341.78 12 22,730.93 - - - - 22,730.93 13 14 1,472,490.54 - - - - 1,472,490.54 15 1,472,490.54 - - - 1,472,490.54 16 - - - - - 17 - - 18 34,543,360.33 - - 489,067.93 489,067.93 34,054,292.40 19 7,452,940.22 35,641.96 35,641.96 7,417,298.26 20 26,511,182.19 401,374.27 401,374.27 26,109,807.92 21 579,237.92 52,051.70 52,051.70 527,186.22 22 - - 23 1,549,780.95 - - 1,433,758.00 1,433,758.00 116,022.95 24 1,433,758.00 - - 1,433,758.00 1,433,758.00-25 116,022.95 - - - - 116,022.95 26 - - 27 - - - - - - 28 - - 29 - - - - - - 30-31 62,233,153.15 5,243,582.53-3,084,133.33 3,084,133.33 64,392,602.35 65

2004 2004 ROE EPS (%) (%) 706,690,118.05 50.98 64.40 2.3666 2.6566 156,323,640.44 11.28 14.25 0.5235 0.5877 NP 95,208,626.92 6.87 8.68 0.3188 0.3579 86,027,142.66 6.21 7.84 0.2881 0.3234 1 = = 2 ROE ROE= P E0+NP2+EiMiMO-EjMjMO P NP EO Ei Ej MO Mi Mj 3 EPS EPS= P so+sl+simim0-sjmjmo P so sl si sj MO Mi Mj 4 1-430,413.04 2 1,732,003.98 3-146,229.46 4 1,118,825.69 5-429,061.72 6 2,847,881.72 7-39,464.44 8-280,876.83 9 987,111.29 10 47,823.31 11 7 9,181,484.26 66

2004 : 2004 1 259,490,176.00 259,490,176.00 2 39,124,800.00 3 4 5 6 39,124,800.00 10-15 298,614,976.00 259,490,176.00 16 414,597,038.24 406,353,076.74 17 265,835,299.55 8,243,961.50 18 265,120,207.31 19 20 21 715,092.24 2,116,712.55 22 5,710,000.00 23 24 30 417,248.95 40 41 45 680,432,337.79 414,597,038.24 46 65,784,449.92 49,401,621.44 47 18,019,566.43 16,416,117.56 48 18,019,566.43 16,416,117.56 49 18,019,566.43 16,416,117.56 50 51 52 53 54 178,812.29 33,289.08 55 56 57 58 178,812.29 33,289.08 62 83,625,204.06 65,784,449.92 63 83,625,204.06 65,784,449.92 64 65 66 19,449,108.35 11,257,694.35 67 9,009,783.17 8,208,058.54 68 9,009,783.17 8,208,058.54 70 89,406.14 16,644.54 71 89,406.14 16,644.54 75 28,369,485.38 19,449,108.35 76 226,782,594.57 166,010,748.98 77 95,208,626.92 111,295,105.67 78 26,761,131.17 50,523,260.08 80 295,230,090.32 226,782,594.57 81 25,949,017.60 67