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FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
FIYTA Holdings Ltd.
2011 3rd Quarterly Report, Full Text
§1 Important
1.1. The Board of Directors, the Supervisory Committee, directors, supervisors and senior executives
hereby individually and collectively accept responsibility for the correctness, accuracy and completeness
of the contents of this report and confirm that there are no material omissions or errors which would
render any statement misleading.
1.2 The Company’s 3rd Quarterly Financial Report has not been audited by CPAs.
1.3. Mr. Wu Guangquan, the Company leader, Mr. Li Dehua, chief financial officer and the Mr. Hu
Xinglong, the person in charge of the accounting department (the person in charge of the accounting)
hereby confirm the authenticity and completeness of the financial report enclosed in this quarterly report.
§2 Company Information
2.1 Financial highlights
In CNY
Increase/Decrease Rate
September 30, 2011 December 31, 2010
(%)
Total assets, in CNY 2,571,386,908.42 2,436,539,054.39 5.53%
Owner’s equity attributable to the
1,377,039,789.50 1,265,996,583.67 8.77%
Company’s shareholders, in CNY
Capital stock, in shares 392,767,870.00 280,548,479.00 40.00%
Net asset per share attributable to the
3.51 4.51 -22.17%
Company’s shareholders (CNY/share)
Year-on-year Year-on-year
July to September, January to
increase/decrease increase/decrease
2011 September, 2011
(%) (%)
Gross Revenue, in CNY 641,861,183.58 41.53% 1,873,871,919.99 48.21%
Net profit attributable to the Company’s
51,400,912.13 96.77% 137,391,054.88 100.51%
shareholders, in CNY
Net cash flows arising from operating
- - -252,835,737.98 -
activities, in CNY
Net cash flows per share arising from
- - -0.64 -
operating activities (CNY/share)
Basic earning per share (CNY/share) 0.131 74.67% 0.35 78.57%
Diluted earning per share (CNY/share) 0.131 74.67% 0.35 78.57%
Net assets-income ratio, weighted
3.73% 1.91% 10.48% 10.08%
average (%)
Weighted net assets-income ratio
3.56% 3.19% 10.39% 21.95%
less non-recurring gains and loss (%)
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FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
Non-recurring profit and loss items
√ applicable □ inapplicable
In CNY
Non-recurring profit and loss items Amount Note (if applicable)
Gain/loss from disposal of non-current assets -358,566.03
Government subsidy counted to the current gain and loss but
except the government subsidy with close relation with the
1,596,718.21
Company’s normal business and in compliance with the national
policy, with the nominal amount or fixed amount
Income and expenses from the business other than the above
354,437.09
items
Amount influencing the income tax -317,168.90
Total 1,275,420.37 -
2.2 Total number of shareholders and shares held by the top ten shareholders of unrestricted
shares at the end of the report period
Shares
Total shareholders at the end of the report
16,062
period
Shares held by top 10 shareholders of unrestricted negotiable shares
Quantity of the unrestricted negotiable
Full names of shareholders Categories
shares held at the end of the period
China Construction Bank – Huaxia
Superiority Growth Stock Based Securities 14,920,073 A Shares
Investment Fund
Industrial and Commercial Bank of China –
E-Fund Value Growth Mixed Securities 10,725,704 A Shares
Investment Fund
China Merchants Securities (HK) Co., Ltd. 6,461,993 B shares
China Construction Bank of China –
MANULIFE TEDA Efficiency Selected Hybrid 5,475,186 A Shares
Securities Investment Fund
KGI ASIA LIMITED 4,192,765 B shares
BANK JULIUS BAER & CO.LTD 3,485,769 B shares
China Construction Bank – YINHUA Well-off
Theme Stock Based Securities Investment 3,229,373 A Shares
Fund
GSI S/A GOLDEN CHINA PLUS MASTER
3,039,059 B shares
FUND
Essence International Securities (Hong
2,815,192 B shares
Kong) Limited
China Construction Bank – Huaxia Shengshi
Selected Stock Based Securities Investment 2,447,414 A Shares
Fund
§3 Important Events
3.1 Big Changes in Principal Accounting Statement Items and Financial Indexes and the Causes
√ applicable □ inapplicable
(1) The monetary fund decreased by CNY 465.39 million over the year beginning, where the net operating cash flow arising
from development of the sales network as a project invested with the proceeds raised through share offering and increase
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FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
of procurement expenditure was CNY 252.84 million and the net cash flow arising from investment activities was CNY
–119.73 million, mainly including the expenditure for purchase of fixed assets and refurbishment of new shops amounting to
CNY 57.43 million; payment for acquisition of equity in Harmony and Henglianda amounting to CNY 19.11 million; purchase
of the use right of the land located at Guangming New Zone Industrial Park amounting to CNY 18.79 million; net cash flow
arising from fund raising activities amounting to CNY –92.77 million, which mainly includes repayment of the bank loan
amounting to CNY 28.83 million and payment of the bank loan interest amounting to CNY 35.89 million and payment of the
dividends amounting to CNY 28.05 million;
(2) Growth of the accounts receivable by RMB98.81 million over year beginning, where the growth of the accounts
receivable for trade of HARMONY world watches and FIYTA watches by RMB 90.47 million over the year beginning is
mainly due to growth of the sales scale. It belongs to normal settlement;
(3) Growth of the inventories over the year beginning by CNY 416.97 million is mainly due to expansion of the sales network
and growth of the new shops and brands;
(4) Growth of the intangible assets by CNY 18.54 million over the year beginning is mainly due to payment for purchase of
the use right of the land located at Guangming New Zone Industrial Park amounting to CNY18.79 million;
(5) Growth of the taxes payable by CNY 24.82 million over the year beginning is mainly due to growth of the sales of the
Company;
(6) Growth of the accounts payable over the year beginning by RMB 39.24 is mainly due to growth of the sales scale,
growth of the purchases of world famous watches. It belongs to normal settlement;
(7) Decrease of the capital reserve by CNY112.77 million over the year beginning is mainly due to conversion of the capital
reserve into share capital on 4-for-10 basis;
(8) Decrease of the minority shareholders’ equity by CNY18.50 million over the year beginning is mainly due to that the
Company acquired minority shareholders’ equity in HARMONY and HARMONY acquired the minority shareholders’ equity
in HENGLIANDA, one of HARMONY’s subsidiaries.
3.2 Progress of Significant Events, its Impacts and the Solutions
3.2.1 Qualified audit opinion
□ applicable √ inapplicable
3.2.2 Engagement in such activities as supply of fund to the controlling shareholder or other
related parties or outward guarantee against the regulations
□ applicable √ inapplicable
3.2.3 Subscription and Implementation of Significant Contracts for Daily Operation
□ applicable √ inapplicable
3.2.4 Miscellaneous
□ applicable √ inapplicable
3.3 Implementation of the Commitments of the Company, the Shareholders and the Eventual
Controller
The commitments of the Company, its directors, supervisors and senior executives, and the related parties, including the
shareholder holding over 5% of the Company’s total shares and the actual controller in the report period or extending to
the report period are as follows:
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FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
√ applicable □ inapplicable
Commitments Acceptors Description Implementation
(1) Shenzhen CATIC
Group committed that
upon completion of the
equity separation
reform of FIYTA, the
non-negotiable shares
held by Shenzhen
CATIC Group would
not be listed with
Shenzhen Stock
Exchange for trading Implementation of the commitment: The
within 36 months after commitment is in process of
the day when such implementation. Commencing from the
Commitment for Equity Separation Shenzhen shares got approved date when the equity separation reform
Reform CATIC Group for listing; (2) Within 24 was fulfilled to the end of the report period,
months after the 3-year Shenzhen CATIC Group has not reduced
sales restriction term or assigned any restricted shares held by
expires, in case Shenzhen CATIC Group.
Shenzhen CATIC
Group would sell the
non-negotiable FIYTA
shares it was holding
through listing with
Shenzhen Stock
Exchange, the sales
price must not be lower
than RMB 25.00 per
share.
Commitments in the acquisition report
or the written report on change of - - -
equity
Commitment at the time of important
- - -
assets reorganization
Commitment of
Shenzhen CATIC
Group: Within 36
months commencing
from the end of the
Company’s non-public Status of implementation of the
Shenzhen
Commitment at the time of issuing issuing (from commitment: The commitment is in
CATIC Group
December 30, 2010 to process of implementation.
December 29, 2013),
Shenzhen CATIC
Group shall not assign
any of the new shares
it has subscribed.
Other commitments (including
- - -
additional commitments)
3.4 Prediction of the possibility of the accumulated net profit from the year beginning to the end
of the next report period being of loss; or warning for big changes in the net profit in comparison
with the same period of the previous year and the reasons
□ applicable √ inapplicable
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FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
3.5 Other Important Matters Necessary to be Clarified
3.5.1 Securities Investment
□ applicable √ inapplicable
3.5.2 Statement of such activities as reception, research, communication, interview in the report
period
Discussion topics and provision of
Reception Time Reception place Way of reception Visitors received
materials
Guosen Securities
Co., Ltd., Rongtong
Fund Management
Co.,Ltd., Shanghai
Development trend of the domestic
Zexi Investment
luxury goods sector, some measures
Management Co.,
concerning the Company’s strategic
Ltd., Huaxia Fund
July 14, 2011 Company On-Site Survey development, brand construction,
Management Co.,
terminal management in the past
Ltd. and Fullgoal
three years. Provision of the
Fund Management
Company’s public brochures in 2011.
Co., Ltd., and
China Universal
Asset Management
Co., Ltd.
Development trend of the domestic
China International luxury goods sector, some measures
Capital Corporation concerning the Company’s strategic
August 16, 2011 Company On-Site Survey Limited and development, brand construction,
Shanghai Yuankai terminal management in the past
Group Co., Ltd. three years. Provision of the
Company’s public brochures in 2011.
Development trend of the domestic
luxury goods sector, some measures
concerning the Company’s strategic
HSBC Jintrust Fund development, brand construction,
Management terminal management in the past
Limited and New three years. Provision of the
September 7,
Company On-Site Survey Thinking Company’s public brochures in 2011.
2011
Investment
Management Co.,
Ltd.
Orient Securities
Company Limited,
RCM China
Investment Development trend of the domestic
Portfolio Fund, luxury goods sector, some measures
China Jianyin concerning the Company’s strategic
September 16,
Company On-Site Survey Investment development, brand construction,
2011
Securities Co., Ltd., terminal management in the past
Everbright three years. Provision of the
Securities Co., Ltd. Company’s public brochures in 2011.
and Pacific Assets
Management Co.,
Ltd.
Penghua Fund Development trend of the domestic
September 30, luxury goods sector, some measures
Company On-Site Survey Management Co.,
2011
Ltd. concerning the Company’s strategic
development, brand construction,
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FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
terminal management in the past
three years. Provision of the
Company’s public brochures in 2011.
3.6 Investment in Derivatives
□ applicable √ inapplicable
3.6.1 Holding of the Investments in Derivatives at the End of the Report Period
□ applicable √ inapplicable
§4 Appendix
4.1. Balance Sheet
Prepared by: FIYTA Holdings Ltd September 30, 2011 In CNY
Ending balance Opening balance
Items
Consolidated Parent company Consolidated Parent company
Current assets:
Monetary fund 148,062,094.89 49,909,205.17 613,455,817.52 529,568,738.47
Settlement Reserve
Inter-bank lending
Trading financial assets
Notes receivable
Accounts receivable 274,706,488.91 100,707,575.07 175,896,199.78 41,753,368.93
Prepayments 38,260,037.03 36,644,253.43
Insurance premium
receivable
Reinsurance accounts
receivable
Accounts receivable
reinsurance reserve
Interest receivable
Dividends receivable 41,263,246.36 50,196,167.69
Other receivables 39,113,831.51 574,677,143.34 27,390,628.12 545,533,120.97
Buying back the sale of
financial assets
Inventories 1,465,365,087.83 123,033,522.99 1,048,392,625.70 103,224,490.80
Non-current assets due
within a year
Other current assets 5,050,231.05 3,946,533.14
Total current assets 1,970,557,771.22 889,590,692.93 1,905,726,057.69 1,270,275,886.86
Non-Current Assets:
Disbursement of loans and
advances
Available-for-sale financial
assets
Held –to-due investment
Long-term accounts
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FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
receivable
Long-term equity investment 1,948,572.76 707,263,772.76 1,981,913.65 354,489,913.65
Investment based real estate 160,735,219.63 160,735,219.63 165,381,973.79 165,381,973.79
Fixed assets 276,628,566.29 221,363,399.90 251,742,068.63 228,700,096.61
Construction-in-process 249,000.00 249,000.00 0.00
Engineering supplies
Disposal of fixed assets
Productive biological assets
Oil and gas asset
Intangible assets 37,777,185.93 30,794,972.19 19,237,532.22 12,241,014.82
Development expenses
Goodwill
Long-term expenses to be
84,466,309.66 20,433,748.54 72,152,718.07 21,221,733.80
apportioned
Deferred income tax asset 39,024,282.93 3,926,911.99 20,316,790.34 3,926,911.99
Other non-current assets
Total non-current assets 600,829,137.20 1,144,767,025.01 530,812,996.70 785,961,644.66
Total assets 2,571,386,908.42 2,034,357,717.94 2,436,539,054.39 2,056,237,531.52
Current liabilities:
Short-term Loan 642,311,000.00 564,000,000.00 728,253,730.00 600,000,000.00
Amount due to the Central
Bank
Receipt of deposits and
deposits from other banks
Borrowing from banks
Trading financial liabilities
Notes payable
Accounts payable 195,585,024.59 28,477,579.92 156,353,328.00 57,467,235.33
Advance receipts 8,782,184.80 3,284,386.02 8,464,969.63 1,589,073.41
Financial assets sold for
repurchase
Service charge and
commission payable
Salaries payable to the
15,202,107.70 19,980,930.64 8,500,000.00
employees
Taxes payable 43,312,783.25 21,677,169.28 18,492,700.45 11,056,809.52
Interest payable 1,201,844.95 1,160,498.61 1,202,198.61 1,160,498.61
Dividends payable 190,263.50
Other payables 32,953,345.63 40,158,649.50 29,418,337.74 22,516,478.86
Reinsurance payable
Insurance contract reserve
Acting trading securities
Acting underwriting
securities
Non-current liabilities due
within a year
Other current liabilities 2,645,322.20
Total current liabilities 939,348,290.92 658,758,283.33 965,001,780.77 702,290,095.73
Non-Current Liabilities:
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Long-term loan 238,326,029.26 179,800,000.00 181,440,065.11 180,000,000.00
Bonds payable
Long term accounts payable
Special accounts payable
Predicted liabilities
Deferred income tax liability 205,539.19 128,393.19 131,259.28 131,259.28
Other non-current liabilities 13,396,733.89 4,000,000.00 2,400,000.00 1,900,000.00
Total non-current liabilities 251,928,302.34 183,928,393.19 183,971,324.39 182,031,259.28
Total liabilities 1,191,276,593.26 842,686,676.52 1,148,973,105.16 884,321,355.01
Owners’ equity (or
shareholders’ equity):
Paid up capital (or capital
392,767,870.00 392,767,870.00 280,548,479.00 280,548,479.00
stock)
Capital reserve 530,606,952.78 531,162,493.88 643,381,884.88 643,381,884.88
Less: shares in stock
Special reserve
Surplus reserve 121,066,992.16 121,066,992.16 121,066,992.16 121,066,992.16
Generic risk reserve
Retained earnings 331,850,776.57 146,673,685.38 222,514,569.59 126,918,820.47
Translation reserve 747,197.99 -1,515,341.96
Total owner’s equity
attributable to the parent 1,377,039,789.50 1,191,671,041.42 1,265,996,583.67 1,171,916,176.51
company
Minority equity 3,070,525.66 21,569,365.56
Total owners’ equity 1,380,110,315.16 1,191,671,041.42 1,287,565,949.23 1,171,916,176.51
Total liabilities and owners’
2,571,386,908.42 2,034,357,717.94 2,436,539,054.39 2,056,237,531.52
equity
4.2 Statement of Profit in the Report Period
Prepared by: FIYTA Holdings Ltd July to September, 2011 In CNY
Amount in the report period Amount in the previous period
Items
Consolidated Parent company Consolidated Parent company
I. Gross Revenue 641,861,183.58 111,503,992.84 453,527,789.59 83,751,545.27
Including: Operating revenue 641,861,183.58 111,503,992.84 453,527,789.59 83,751,545.27
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 578,024,878.75 97,863,057.53 423,991,436.80 82,085,500.89
Including: operating costs 412,861,059.88 59,630,259.87 314,084,267.50 36,755,799.17
Interest payment
Service charge and
commission payment
Surrender value
Compensation pay-out,
net
Provision for insurance
contract, net
Payment of policy
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FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
dividends
Reinsurance expenses
Business taxes and
3,904,148.50 1,675,717.01 1,689,146.75 1,085,360.75
surcharge
Sales costs 99,503,265.43 14,764,775.31 64,617,884.79 26,540,933.90
Administrative expenses 47,113,617.72 12,256,625.45 31,687,145.24 13,188,037.96
Financial expenses 14,751,687.22 9,535,679.89 11,912,992.52 4,515,369.11
Loss from impairment of
-108,900.00
assets
Add: Income from change of
fair value (loss expressed with
“-“)
Investment income (loss
15,644.59 15,644.59 131,025.93 131,025.93
expressed with “-“)
Including: income
from investment in associates 15,644.59 15,644.59 131,025.93 131,025.93
and joint ventures
Exchange income (loss
expressed with “-“)
III. Operating Profit (loss
63,851,949.42 13,656,579.90 29,667,378.72 1,797,070.31
expressed with “-“)
Plus: Non-operating income 718,635.87 658,171.76 2,006,506.95 1,311,367.99
Less: Non-operating
494,059.19 439,313.81 61,087.39 -15,970.48
expenses
Including: Loss from
439,310.49 439,313.81 3,709.60
disposal of non-current assets
IV. Total profit (total loss
64,076,526.10 13,875,437.85 31,612,798.28 3,124,408.78
expressed with “-“)
Less: Income tax expense 12,761,552.84 1,868,683.61 5,374,194.56 734,340.10
V. Net Profit (net loss
51,314,973.26 12,006,754.24 26,238,603.72 2,390,068.68
expressed with “-“)
Net profit attributable to
51,400,912.13 12,006,754.24 26,122,530.20 2,390,068.68
the parent company’s owner
Minority shareholders’
-85,938.87 0.00 116,073.52 0.00
gain/loss
VI. Earnings per share:
(I) Basic earnings per
0.131 0.075
share
(II) Diluted earnings per
0.131 0.075
share
VII. Other comprehensive
153,521.72 -19,241.39
income
VIII. Total comprehensive
51,468,494.98 12,006,754.24 26,219,362.33 2,390,068.68
income
Total comprehensive
income attributable to the 51,553,422.21 12,006,754.24 26,097,432.80 2,390,068.68
owner of the parent company
Total comprehensive
income attributable to minority -84,927.23 121,929.53
shareholders
In case consolidation of the enterprises under the same control took place in the report period, the net profit realized by
the enterprises to be consolidated before the consolidation was CNY 0.00.
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FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
4.3 Statement of Profit from Year Beginning to the End of the Report Period
Prepared by: Fiyta Holdings Ltd January to September, 2011 In CNY
Amount in the report period Amount in the previous period
Items
Consolidated Parent company Consolidated Parent company
I. Gross Revenue 1,873,871,919.99 340,925,689.45 1,264,339,700.40 235,063,961.29
Including: Operating revenue 1,873,871,919.99 340,925,689.45 1,264,339,700.40 235,063,961.29
Interest income
Earned premium
Service charge and
commission income
II. Total operating cost 1,707,385,622.32 325,453,494.98 1,190,052,152.40 236,753,813.99
Including: operating costs 1,233,347,806.65 167,800,126.12 879,391,324.14 106,047,954.17
Interest payment
Service charge and
commission payment
Surrender value
Compensation pay-out,
net
Provision for insurance
contract, net
Payment of policy
dividends
Reinsurance expenses
Business taxes and
9,423,273.56 4,166,939.68 4,768,927.34 3,220,356.88
surcharge
Sales costs 285,248,161.76 90,466,236.26 178,173,165.18 77,631,788.12
Administrative expenses 134,047,424.21 44,290,844.41 93,933,505.01 37,841,876.34
Financial expenses 43,171,405.29 18,729,348.51 33,372,981.58 12,011,838.48
Loss from impairment of
2,147,550.85 412,249.15
assets
Add: Income from change of
fair value (loss expressed with
“-“)
Investment income (loss
-33,340.89 34,153,790.04 131,025.93 13,889,979.73
expressed with “-“)
Including: income
from investment in associates -33,340.89 -33,340.89 131,025.93 131,025.93
and joint ventures
Exchange income (loss
expressed with “-“)
III. Operating Profit (loss
166,452,956.78 49,625,984.51 74,418,573.93 12,200,127.03
expressed with “-“)
Plus: Non-operating income 2,093,001.84 1,009,025.48 9,842,062.43 9,055,237.97
Less: Non-operating
500,412.57 439,800.81 690,461.35 553,438.36
expenses
Including: Loss from
439,797.49 439,800.81 174.00 20,570.60
disposal of non-current assets
IV. Total profit (total loss
168,045,546.05 50,195,209.18 83,570,175.01 20,701,926.64
expressed with “-“)
Less: Income tax expense 30,563,730.27 2,385,496.37 14,905,047.83 1,580,672.58
V. Net Profit (net loss 137,481,815.78 47,809,712.81 68,665,127.18 19,121,254.06
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expressed with “-“)
Net profit attributable to
137,391,054.88 47,809,712.81 68,522,001.86 19,121,254.06
the parent company’s owner
Minority shareholders’
90,760.90 143,125.32
gain/loss
VI. Earnings per share:
(I) Basic earnings per
0.35 0.196
share
(II) Diluted earnings per
0.35 0.196
share
VII. Other comprehensive
2,224,597.95 -38,137.91 0.00
income
VIII. Total comprehensive
139,706,413.73 47,809,712.81 68,626,989.27 19,121,254.06
income
Total comprehensive
income attributable to the 139,653,594.83 47,809,712.81 68,481,951.45 19,121,254.06
owner of the parent company
Total comprehensive
income attributable to minority 52,818.90 145,037.82 0.00
shareholders
In case consolidation of the enterprises under the same control took place from the year beginning to the report period,
the net profit realized by the enterprises to be consolidated before the consolidation was CNY 0.00.
4.4 Cash Flow Statement from Year Beginning to the End of the Report Period
Prepared by: Fiyta Holdings Ltd January to September, 2011 In CNY
Amount in the report period Amount in the previous period
Items
Consolidated Parent company Consolidated Parent company
I. Net cash flows arising from
operating activities:
Cash received from sales
2,054,780,510.08 327,672,723.08 1,401,308,543.97 258,468,848.65
of goods and supply of labor
Net increase of customers’
deposit and due from banks
Net increase of borrowings
from the central bank
Net increase of borrowings
from other financial institutions
Cash received from former
insurance contract premium
Net cash received from
reinsurance business
Net increase of insurance
reserve and investment
Net increase from disposal
of transactional financial asset
Cash received from
interest, service charge and
commission
Net increase of borrowings
Net increase of fund from
repurchases
Rebated taxes received 696,208.03 623,119.27 623,119.27
Other operation activity 11,200,038.07 61,494,349.22 8,915,624.72 18,314,144.25
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related cash receipts
Subtotal of cash flow in
2,066,676,756.18 389,167,072.30 1,410,847,287.96 277,406,112.17
from operating activity
Cash paid for purchase of
goods and reception of labor 1,809,663,867.99 167,961,430.56 1,130,704,968.19 102,942,930.99
services
Net increase of loans and
advances to customers
Net increase of due from
central bank and due from
banks
Cash for the former
insurance contract indemnity
payment
Cash paid for interest,
service charge and
commission
Cash paid for insurance
policy dividend
Cash paid to and for staff 187,387,545.73 67,522,284.07 128,977,388.33 52,865,431.19
Taxes paid 120,734,266.41 17,773,247.09 68,102,842.86 16,277,252.02
Other business related
201,726,814.03 135,541,944.07 141,246,457.27 159,164,557.82
cash payments
Subtotal of cash flow out
2,319,512,494.16 388,798,905.79 1,469,031,656.65 331,250,172.02
from operating activity
Net cash flow arising
-252,835,737.98 368,166.51 -58,184,368.69 -53,844,059.85
from operating activities
II. Cash flows arising from
investment activities:
Cash received from
1,350,000.00 1,350,000.00
recovery of investment
Cash received from
5,358,953.80
investment income
Net amount of cash
received from disposal of fixed
146,971.40 135,326.60 15,082,340.00 15,078,240.00
assets, intangible assets and
other long term assets
Net cash received from
disposal of subsidiaries and
other operating units
Other investment related
430.99
cash receipts
Subtotal of cash flow in
1,496,971.40 1,485,326.60 15,082,770.99 20,437,193.80
from investment activity
Cash paid for
construction/purchase of fixed
102,123,783.89 32,592,961.88 34,499,514.29 4,582,177.60
assets, intangible assets and
other long term assets
Cash paid for investment 19,107,200.00 352,807,200.00 7,942,195.00
Net increase of
hypothecated loans
Net cash received from
payment by subsidiaries and
other operating units
Other investment related
cash payments
12
rd
FIYTA Holdings Ltd. 2011 3 Quarterly Report, Full Text
Subtotal of cash flow out
121,230,983.89 385,400,161.88 42,441,709.29 4,582,177.60
from investment activity
Net cash flow arising
-119,734,012.49 -383,914,835.28 -27,358,938.30 15,855,016.20
from investment activities
III. Cash flows arising from
fund raising activities:
Cash received from
absorption of investment
Incl.: Cash received from
subsidiaries’ absorption of
minority shareholders’
investment
Cash received from
627,548,857.00 452,000,000.00 520,540,850.00 442,000,000.00
borrowings
Cash received from bond
issuing
Other fund-raising related
cash receipts
Subtotal of cash flow in
627,548,857.00 452,000,000.00 520,540,850.00 442,000,000.00
from fund raising activity
Cash paid for liabilities
656,380,053.28 488,200,000.00 385,000,000.00 355,000,000.00
repayment
Cash paid for
dividend/profit distribution or 63,711,042.54 59,681,264.53 50,609,192.10 47,764,749.71
repayment of interest
Including: Dividend and
profit paid by subsidiaries to 0.00
minority shareholders
Other fund-raising related
231,600.00 231,600.00 1,028,437.80 1,000,000.00
cash payments
Subtotal of cash flow out
720,322,695.82 548,112,864.53 436,637,629.90 403,764,749.71
from fund raising activity
Net cash flow arising
-92,773,838.82 -96,112,864.53 83,903,220.10 38,235,250.29
from fund-raising activities
IV. Influence from change of
exchange rate upon cash and -50,133.34 -52,173.97
cash equivalents
V. Net increase of cash and
-465,393,722.63 -479,659,533.30 -1,692,260.86 246,206.64
cash equivalents
Plus: Opening balance of
613,455,817.52 529,568,738.47 95,701,580.19 46,560,890.55
cash and cash equivalents
VI. Ending balance of cash and
148,062,094.89 49,909,205.17 94,009,319.33 46,807,097.19
cash equivalents
4.5 Audit Report
Auditor’s opinion: Unaudited
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