Ping An of China (601318) notice, according to the People's Republic of China promulgated by the Ministry of Finance in 2006, "Accounting Standards for Business Enterprises", the first three quarters of this year net profit (attributable to shareholders of listed companies) will be at a loss.
China's Ping An drag is a major factor in the investment results of the Fortis Group. Notice that the Group of Fortis shares with a total investment cost of 23,874,000,000 yuan. On prudent accounting principles and related policies of the Group in the third quarter financial group Fortis will be in equity investments for impairment, the group in September 30, 2008 to reflect the net assets of about 15,700,000,000 yuan of market value changes Loss into profit reflected.
But safety notice further that, if in accordance with International Financial Reporting Standards for the 2008 third quarter financial data were preliminary estimates, the group expects net profit in the first three quarters of profitability will be maintained. The main difference lies in the fact that International Financial Reporting Standards with the Chinese accounting standards for life insurance liability reserve, as well as the calculation of deferred policy acquisition costs confirmation is different.
At the same time, the company notice of premium income. The four subsidiaries - Ping An Life Insurance, Ping An Property Insurance, Ping An Health Insurance and Ping An old-age insurance in the first three quarters of a total of the original insurance premium income of 77,412,970,000 yuan, 20,759,090,000 yuan, 24,020,000 yuan and 1,011,480,000 yuan.
No comments:
Post a Comment