Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(a joint stock company incorporated in The People's Republic of China with limited liability)
ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2016 (Financial Highlights) Total operating revenue : RMB8,871,153,114.15 Profits attributable to the equity holders of the Company : RMB223,369,729.35 Earnings per share attributable to the equity holders of the Company : RMB0.2245The board (the "Board") of directors (the "Directors") of First Tractor Company Limited (the "Company") announces the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31 December 2016 (the "Reporting Period"), which have been prepared in accordance with the PRC Accounting Standards for Business Enterprises, together with comparative figures for the same period in 2015 are as follows (unless otherwise stated, the figures contained in this announcement are denominated in Renminbi).
CONSOLIDATED BALANCE SHEETAs at December 31, 2016
Prepared by: First Tractor Company Limited
Unit: RMB
Item Note Ending balance Beginning balance Current assets:Cash and cash equivalents 6 3,261,735,812.98 1,897,794,077.61 Settlement reserves for balance
Loans to banks and other financial institutions
Financial assets measured at fair
value and its movement recorded | |||
through profit and loss | 62,657,466.94 | 414,865,981.64 | |
Derivative financial assets | 14,833,000.00 | 0.00 | |
Notes receivable | 554,932,731.17 | 629,595,676.71 | |
Accounts receivable | 7 | 674,313,323.03 | 846,592,058.32 |
Advances to suppliers | 143,734,037.70 | 60,933,298.85 | |
Premium receivables | |||
Reinsurance receivables | |||
Reinsurance contract reserves | |||
receivable | |||
Interest receivable | 12,027,545.45 | 1,878,611.11 | |
Dividend receivable | |||
Other receivables | 104,926,297.50 | 67,644,192.90 | |
Financial assets purchased with | |||
agreement to re-sale | 354,848,615.72 | 899,544,776.20 | |
Inventories | 1,014,713,967.01 | 1,168,906,538.26 | |
Assets classified as held for sale | |||
Non-current assets due within | |||
one year |
Other current assets 1,412,930,377.64 468,428,422.33
Total current assets 7,611,653,175.14 6,456,183,633.93 Non-current assets:Loans and advances to customers | 748,364,409.66 | 1,859,617,637.45 |
Financial assets available-for-sale | 235,733,900.15 | 259,434,541.41 |
Held-to-maturity investments | 58,352,738.68 | 0.00 |
Long-term receivables | ||
Long-term equity investments | 149,098,999.76 | 150,640,194.51 |
Investment properties | ||
Fixed assets | 2,970,855,427.52 | 2,866,761,443.98 |
Construction in progress | 376,823,261.61 | 613,389,411.85 |
Construction materials | ||
Disposal of fixed assets | ||
Productive biological assets | ||
Oil and gas assets | ||
Intangible assets | 896,641,004.79 | 922,350,120.29 |
Research and development expenses | ||
Goodwill | ||
Long-term deferred expenses | 40,223,194.44 | 34,047,868.91 |
Deferred income tax assets | 122,767,169.68 | 110,024,707.65 |
Other non-current assets | ||
Total non-current assets | 5,598,860,106.29 | 6,816,265,926.05 |
Total assets | 13,210,513,281.43 | 13,272,449,559.98 |
Short-term loans | 1,579,448,510.67 | 1,938,954,945.26 |
Borrowings from central bank | ||
Receipts of deposits and deposits | ||
from other banks | 588,286,840.09 | 527,213,699.13 |
Loans from other banks | 250,000,000.00 | 350,000,000.00 |
Financial liabilities measured at fair |
value and its movement recorded through profit and loss
Derivative financial liabilities | |||
Notes payable | 1,417,113,769.49 | 1,299,804,364.19 | |
Accounts payable | 8 | 1,384,168,457.64 | 1,526,746,992.98 |
Advance from customers | 199,663,201.54 | 303,082,198.22 | |
Funds from selling out and | |||
repurchasing financial assets |
Fee and commission payable
Employee salary payable 105,911,905.79 102,912,994.81
Taxes payables 25,426,038.74 -347,088,631.55
Interests payable 55,151,085.52 53,716,956.57 Dividends payable
Other payables 257,257,848.82 242,762,492.73
Reinsurance accounts payables Reserves for insurance contracts Brokerage for trading securities
Brokerage for consigning securities Liabilities classified as held for sale Non-current liabilities due within
one year 34,422,532.04 32,395,168.40
Other current liabilities 93,369,345.75 98,038,848.99
Total current liabilities 5,990,219,536.09 6,128,540,029.73First Tractor Company Limited published this content on 28 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 March 2017 00:05:06 UTC.
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