PETROCHINA COMPANY LIMITED 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 limited company incorporated in the People's Republic of China with limited liability) (Hong Kong Stock Exchange Stock Code: 857; Shanghai Stock Exchange Stock Code: 601857)
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Important Notice
The Board of Directors of PetroChina Company Limited (the 'Company'), the Supervisory Committee and the Directors, Supervisors and Senior Management of the Company warrant that there are no material omissions from, or misrepresentation or misleading statements contained in this quarterly report, and jointly and severally accept full responsibility for the truthfulness, accuracy and completeness of the information contained in this quarterly report.
This quarterly report has been approved at an extraordinary meeting of the Board of Directors of the Company (the 'Board'). All Directors warrant, and have no doubt as to, the truthfulness, accuracy and completeness of the contents of this quarterly report.
The financial statements of the Company and its subsidiaries (the 'Group') have been prepared in accordance with the China Accounting Standards ('CAS') and the International Financial Reporting Standards ('IFRS'), respectively. The financial statements set out in this quarterly report are unaudited.
Mr. Wang Yilin, Chairman of the Board of the Company, Mr. Wang Dongjin, Vice Chairman of the Board of the Company and President of the Company and Mr. Yu Yibo, Chief Financial Officer of the Company, warrant the truthfulness, accuracy and completeness of the financial statements set out in this quarterly report.
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Basic Information of the Company
Key Financial Data and Financial Indicators
Key Financial Data and Financial Indicators Prepared under IFRS
Unit: RMB Million
Items As at the end of As at the end of the reporting the preceding period year Changes from the end of the preceding year to the end of the reporting period (%)Total assets 2,372,443 2,405,473 (1.4)
Equity attributable to owners of the
Company 1,169,353 1,175,894 (0.6)
Items From the beginning of the year to the end of the reporting period Changes over the same period of the preceding year (%)Net cash flows from
operating activities 199,341 (21.7)
Unit: RMB Million
Items
For the three months ended
September 30 (July-September)
For the nine months ended
September 30 (January-September)
2015
2014
Changes over
the same period of the preceding year (%)
2015
2014
Changes over
the same period of the preceding year (%)
0.4
2.4
points
2.6
8.2
points
Basic earnings per
share (RMB)
0.03
0.15
(81.4)
0.17
0.52
(68.1)
Return on net assets (%)
Turnover
Profit attributable to
427,481
600,580
(28.8)
1,305,105
1,754,548
(25.6)
owners of the Company
5,195
27,923
(81.4)
30,601
96,047
(68.1)
(2.0)
Percentage
(5.6)
Percentage
Diluted earnings per
share (RMB) 0.03 0.15 (81.4) 0.17 0.52 (68.1)
Key Financial Data and Financial Indicators Prepared under CAS
Unit: RMB Million
Items As at the end of As at the end of the reporting the preceding period year Changes from the end of the preceding year to the end of the reporting period (%)Total assets 2,372,342 2,405,376 (1.4)
Equity attributable to equity holders
of the Company 1,169,466 1,176,010 (0.6)
Items From the beginning of the year to the end of the reporting period Changes over the same period of the preceding year (%)Net cash flows from
operating activities 199,341 (21.7)
Unit: RMB Million
Items
For the three months ended
September 30 (July-September)
For the nine months ended
September 30 (January-September)
2015
2014
Changes over the same period
of the preceding year(%)
2015
2014
Changes over the same period
of the preceding year(%)
Operating income
Net profit attributable
427,481
600,580
(28.8)
1,305,105
1,754,548
(25.6)
to equity holders of the Company
5,194
27,922
(81.4)
30,598
96,044
(68.1)
Net profit after
deducting non-
recurring profit/loss
items attributable to
equity holders of
the Company
5,462
28,734
(81.0)
31,310
97,307
(67.8)
Weighted average return on net
(2.0)
Percentage
(5.6)
Percentage
assets (%)
0.4
2.4
points
2.6
8.2
points
Basic earnings per
share (RMB) 0.03 0.15 (81.4) 0.17 0.52 (68.1)
Diluted earnings
per share (RMB) 0.03 0.15 (81.4) 0.17 0.52 (68.1)
Unit: RMB Million
Non-recurring profit/loss items
For the nine months ended September 30, 2015 profit/(loss)
Net loss on disposal of non-current assets
(190)
Government grants recognised in the income statement
2,488
Net gain on disposal of available-for-sale financial assets
160
Reversal of provisions for bad debts against receivables
73
Other non-operating income and expenses
(3,300)
Sub-total
(769)
Tax impact of non-recurring profit/loss items
66
Impact of non-controlling interests
(9)
Total
(712)
Differences between CAS and IFRS
√ Applicable □ Inapplicable
The consolidated net profit for the reporting period under IFRS and CAS were RMB35,892 million and RMB35,889 million respectively, with a difference of RMB3 million; the consolidated shareholders' equity as at the end of the reporting period under IFRS and CAS were RMB1,311,108 million and RMB1,311,084 million respectively, with a difference of RMB24 million, which was primarily due to the revaluation for assets other than fixed assets and oil and gas properties revalued in 1999. During the restructuring in 1999, a valuation was carried out for assets and liabilities injected by China National Petroleum Corporation ('CNPC'). The valuation results on assets other than fixed assets and oil and gas properties were not recognised in the financial statements prepared under IFRS.
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