Annual Financial Report
China CDM Exchange Centre Limited
Final results for the year ended 31 December 2012
Chairman's Statement
The Company operates within the framework of the Clean Development Mechanism
("CDM") of the Kyoto Protocol, established under the auspices of the United
Nations Framework Convention on Climate Change. The Protocol commits countries
to reducing their emissions of Green House Gasses ("GHGs") by pre-determined
amounts or compensates for maintained or higher GHGs emissions via emissions
trading.
In 2012，although the global economy returned to stable development, this year
is still a hard year as to the CDM Market. However, based upon the qualified
internal resources and reputable corporate partners, the Company gained the
revenue of US$1,300,000.00 in 2012. At the same time, With regard to the
current carbon market status, our Management team has considered extending the
new development fields and we are confident on our capability to make a good
performance in the new business.
I would like to extend my sincere thanks to the management and staff of the
Company for performing the tasks with zeal, vision and dedication and as well
as to our partners for their effective and efficient cooperation.
Outlook for 2013
In 2013, the company will develop the business focusing on the following areas:
1. To maintain the current advantages in the global carbon market;
2. To extend the new business in the China Energy Markets;
3. To strengthen management regulation, improve company's management level and
enroll high-quality talents.
……………………………
Mr.Kang Zheng
Chairman
Enquiries:
China CDM Exchange Centre Limited +86 010 87246056
sangpile@aol.com
PLUS Advisor: 020 7251 3762
Alfred Henry Corporate Finance Ltd
www.alfredhenry.com
Jon Isaacs/Nick Michaels
The Directors accept responsibility for this announcement.
CHINA CDM EXCHANGE CENTRE LIMITED
INCOME STATEMENTS
Notes 1/1/2012-12/31/2012 1/1/2011-12/31/2011
RMB GBP RMB GBP
Revenue 3 8,199,070.00 825,154.99
Cost of sales (7,629,593.00) (767,842.78) (7,591,192.00) (781,662.34)
Gross profit 569,477.00 57,312.21 (7,591,192.00) (781,662.34)
Selling
expense
Administration (1,581,472.35) (159,159.49) (1,831,070.55) (188,544.68)
expenses
Profit from 4 (1,011,995.35) (101,847.28) (9,422,262.55) (970,207.02)
operations
Foreign (329,441.85) (33,155.05) (726,335.25) (74,790.48)
exchange gains
Profit before (1,341,437.20) (135,002.33) (10,148,597.80) (1,044,997.50)
income tax
The accompanying notes form an integral part of these financial statements.
Average exchange rate:（2012）RMB/GBP：9.9364; （2011）RMB/GBP：10.3639
CHINA CDM EXCHANGE CENTRE LIMITED
BALANCE SHEETS
Note 12/31/2012 12/31/2011
RMB GBP RMB GBP
Non-current assets
Property Plant and 5 99,541.99 9,796.38 221,624.71 22,820.62
Equipment
Long term investment 6 372,042,500.00 36,614,392.14 372,042,500.00 38,309,083.93
Intangible assets 7 108,240,000.14 10,652,390.01 126,280,000.10 13,003,006.72
Total non-current assets 480,382,048.13 47,276,578.53 498,544,124.81 51,334,911.27
Current Assets
Trade receivable 8 68,121,055.03 6,704,102.41 68,121,055.03 7,014,400.82
Other receivables
Cash and cash 9 2,361,314.01 232,387.64 3,580,668.49 368,700.22
equivalents
Financial assets at fair
value through profit or
loss
Total current assets 70,482,369.04 6,936,490.05 71,701,723.52 7,383,101.04
Total assets 550,864,411.17 54,213,068.58 570,245,848.33 58,718,012.31
Capital and Reserves
Share capital 10 221,999,000.00 15,020,515.41 221,999,000.00 15,020,515.41
Capital surplus 109,304,345.70 10,761,985.30 127,344,345.66 13,112,602.01
Public product of 49,336,357.17 3,383,675.49 49,336,357.17 3,383,675.49
surplus
Undistributed profit 170,224,708.30 15,508,402.13 171,566,145.50 15,643,404.46
Foreign currency 9,538,490.26 11,557,814.94
translation difference
Total shareholder's 550,864,411.17 54,213,068.58 570,245,848.33 58,718,012.31
equity
Total liabilities and 550,864,411.17 54,213,068.58 570,245,848.33 58,718,012.31
shareholder's equity
The accompanying notes form an integral part of these financial statements.
Exchange rate:（31 Dec., 2012）RMB/GBP：10.1611; (31 Dec., 2011) RMB/GBP: 9.7116
CHINA CDM EXCHANGE CENTRE LIMITED
CASHFLOW STATEMENTS
Note 12/31/2012 12/31/2011
RMB GBP RMB GBP
Cashflows from operating
activities
Cashflows from operating 11 (889,912.63) (89,560.87) (9,306,339.83) (897,957.32)
operations:
Net cash generated from
operating activities
Cashflows from investing
activities
Cash payment for
investment
Other investment
Net cash used in
investing activities
Cashflows from financing
activities
Proceeds from issuance
of ordinary shares
Net cash used in
financing activities
Gains on foreign (329,441.85) (33,155.05) (726,335.25) (70,083.20)
transactions
Net (decrease)/increase (1,219,354.08) (122,715.92) (10,032,675.08) (968,040.51)
in cash and bank balance
Cash and bank balance at 3,580,668.49 360,358.73 13,613,343.57 1,313,534.82
the beginning of year
Cash and bank balance at 2,361,314.01 237,642.81 3,580,668.49 345,494.31
the end of year
The accompanying notes form an integral part of these financial statements.
Average exchange rate: （2012）RMB/GBP：9.9364; （2011）RMB/GBP：10.3639
Details of the adjusted earnings per share are set out below:
2012 2011
Basic EPS (GBP) -0.001 -0.009
Earnings attributable to ordinary shareholders (135,002.33) (1,044,997.50)
(GBP)
Weighted average number of shares 117,000,000 117,000,000
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