Energy Conversion and Financial Overview
Financial Resources and Liquidity
ENN 新奥
(RMB billion)
Cash on hand
At 30 Jun 2014
At 31 Dec 2013
Change
7.11
6.82
4.3%
A/R Days
15
18
(3)
Total Debts
12.04
12.44
(3.2)%
|- Short-term loans
0.69
0.92
(25.0)%
|- Long-term loans
2.94
3.10
(5.2)%
- 10-year bonds
4.54
4.50
0.8%
3.87
3.93
(1.5)%
38.9%
47.3%
(8.4)%
22.4%
21.3%
1.1%
|- Convertible bonds
Net Gearing Ratio
ROE*
*stripping out impact from the fair value change of CB
Only 9 city-gas projects with project financing, and the remaining projects are clean, without loan, so
the debt will not affect our dividend payment ability
We continue to look for suitable investment opportunity in the downstream sector to better utilize our
financial resources
We do not have any swap and derivative contracts
Revenue attributable to gas sales will further increase and such development will deliver long-term and
stable cash flow to the Group
17View entire presentation