China Power International Development : Supplemental Announcement on the Annual Report for the Year ended 31 December 2019
August 18, 2020 at 06:36 am EDT
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China Power International Development Limited
中 國 電 力 國 際 發 展 有 限 公 司
(incorporated in Hong Kong with limited liability)
(Stock Code: 2380)
Supplemental Announcement
on the Annual Report for the Year ended 31 December 2019
Reference is made to the annual report of China Power International Development Limited (the "Company", together with its subsidiaries, collectively the "Group") for the year ended 31 December 2019 published on 23 April 2020 (the "Annual Report 2019"). Unless otherwise defined, all capitalized terms used herein shall have the respective meanings ascribed to them in the Annual Report 2019.
In addition to the information shown in the Annual Report 2019, the Company would provide further information and breakdown on the "other operating expenses" of RMB2,500,275,000 in the Group's consolidated income statement for the year ended 31 December 2019 as set out on page 95 of the Annual Report 2019 (together with the comparative figures of 2018) as follows:
Year ended 31 December
2019
2018
RMB'000
RMB'000
Administrative and selling expenses
552,980
370,733
Tax levies and surcharges
316,761
266,517
Power and heat generation related costs
595,922
563,542
Others
165,192
61,856
Items that were disclosed in Note 8 "Operating Profit" *
Amortization of prepaid lease payments
-
20,109
Amortization of other intangible assets
50,884
3,086
Auditor's remuneration
8,217
7,851
Research and development expenses
77,729
18,019
Lease rental expenses:
‐ equipment
3,588
5,323
‐ leasehold land and buildings
18,783
77,844
Separation and transfer expenses on water/power/gas supply and property
management
209,882
-
Impairment of inventories
-
10,367
Impairment of an amount due from a joint venture and other receivables
290,406
34,585
Reservoir maintenance and usage fees
135,241
125,917
Cost of purchase of unused power production quota
74,690
7,167
Total
2,500,275
1,572,916
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As disclosed in Note 8 "Operating Profit", the operating profit was stated after charging certain items, the details of which were set out on page 137 under the section Notes to the Consolidated Financial Statements in the Annual Report 2019.
The above additional information does not affect any other information contained in the Annual Report 2019 and, save as disclosed in this announcement, the remaining contents of the Annual Report 2019 remain unchanged.
By Order of the Board
China Power International Development Limited
Tian Jun
Chairman
Hong Kong, 18 August 2020
As at the date of this announcement, the directors of the Company are: executive directors Tian Jun and He Xi, non-executive directors Guan Qihong and Wang Xianchun, and independent non-executive directors Kwong Che Keung, Gordon, Li Fang and Yau Ka Chi.
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China Power International Development Ltd. published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 10:35:04 UTC
China Power International Development Limited is an investment holding company principally engaged in the sales of electricity to regional and provincial power grid companies. The Company is also engaged in the provision for power generation and related services. The Company operates its business through two segments: Generation and Sales of Coal-fired Electricity segment and Generation and Sales of Hydropower Electricity segment.