Gas Supply Security and Business Achievements
Financial Resources and Liquidity
(RMB million)
2011
2010
Cash on hand
5,869
2,851
Change
105.9%
A/R Days
16
18
(2 days)
Total Debts
10,672
6,263
70.4%
|- Short-term loans
3,213
2,379
35.1%
- Long-term loans
2,823
2,568
9.9%
7-year bonds
0
1,316
-100.0%
- 10-year bonds
4,636
0
N/A
Net Gearing Ratio
54.3%
45.3%
9.0%
ROE
17.8%
16.8%
1.0%
ENN 新奥
Only 13 gas projects with project financing among 104 projects, and the remaining 91 projects are
clean, without loan, so the debt will not affect our dividend payment ability.
Apart from adding new projects in China, we keep an eye on the opportunities of securing overseas
projects.
We do not have any swap and derivative contracts.
The income from gas sales (C/I and vehicle gas sales) attributable to the total revenue of the Group
will further increase and such development will deliver long-term and stable cash flow to the Group.
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