FIH Mobile Limited — Earnings Release 2002

Mar 31, 2003

Listed Company Information

PETROCHINA<00857> - Results Announcement Petrochina Company Limited announced on 31/03/2003: (stock code: 00857 ) Year end date: 31/12/2002 Currency: RMB Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 31/12/2002 to 31/12/2001 Note ('Million ) ('Million ) Turnover : 244,424 241,320 Profit/(Loss) from Operations : 72,341 71,139 Finance cost : (3,369) (3,349) Share of Profit/(Loss) of Associates : 268 341 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 46,910 45,469 % Change over Last Period : +3.17 % EPS/(LPS)-Basic (in dollars) : 0.27 0.26 -Diluted (in dollars) : 0.27 0.26 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 46,910 45,469 Final Dividend : RMB 0.069951 RMB 0.050272 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 28/4/2003 to 28/5/2003 bdi. Payable Date : 12/6/2003 B/C Dates for Annual General Meeting : 28/4/2003 to 28/5/2003 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1) In accordance with the acquisition agreement between PetroChina Company Limited (the "Company") and China National Petroleum Corporation ("CNPC") dated September 26, 2002, the Company acquired from CNPC the assets, liabilities and interests related to CNPC's refined products marketing enterprises comprising primarily of service stations and related facilities for RMB 3,200 million. The acquisition price was determined on the basis of independent valuation and appraisals of the assets and liabilities of these marketing enterprises under applicable rules and regulations promulgated in PRC. The acquisition is a combination of entities under common control since the Company and the CNPC's refined products marketing enterprises are under the common control of CNPC. As a result, the Company has accounted for the acquisition in a manner similar to a uniting of interests, whereby the assets and liabilities of the marketing enterprises acquired are accounted for at historical cost to CNPC (net liabilities of RMB 2,956 million at the effective date). The consolidated financial statements have been restated to give effect to the acquisition with all periods presented as if the operations of the Company and these marketing enterprises have always been combined. The difference between RMB 3,200 million paid and the net liabilities transferred from CNPC has been adjusted against equity. The summarised results of operations and the financial position of the company and its subsidiaries (the "Group")for the separate entities and on a consolidated basis as at and for the year ended December 31, 2001 are set out below: The Group Marketing enterprises Consolidated ----------- ----------------- ------------ RMB million RMB million RMB million Results of operations: Turnover 238,893 12,354 241,320 Net profit/ (loss) 46,808 (1,339) 45,469 Basic and diluted earnings per share (RMB) 0.27 (0.01) 0.26 Financial position: Current assets 86,412 981 86,017 Total assets 460,874 3,167 462,665 Current liabilities 88,748 5,595 92,967 Total liabilities 162,616 5,683 166,923 Net assets/ (liabilities) 293,122 (2,516) 290,606 2)Basic and diluted earnings per share for the year ended December 31, 2002 have been computed by dividing net profit by the number of 175.82 billion shares issued and outstanding for the year. Basic and diluted earnings per share for the year ended December 31, 2001 have been computed by dividing net profit by the number of 175.82 billion shares issued and outstanding for the year. There are no dilutive potential ordinary shares. 3) At the meeting on March 31, 2003, the Board of Directors proposed a final dividend in respect of 2002 of RMB 0.069951 per share amounting to a total of RMB12,299 million. These financial statements do not reflect this dividend payable, which will be accounted for in shareholders' equity as a reduction of retained earnings in the year ending December 31, 2003.