Half-yearly Report

CHINA CDM EXCHANGE CENTRE LIMITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2011 Statement of the Board China CDM Exchange Centre Limited ("the Company") presents its interim results for the six months ended 30 June 2011. The cessation on 31 December 2010 of the Cooperation Agreement between the Company Beijing Changjiang International Holding ("BCIH") has had a material impact on our business and we have been unable to generate any other revenue for the Company. As a result our loss for the six months period to 30 June 2011 was GBP494,948. Your Board of Directors has been communicating with BCIH and hope to reach agreement with them regarding a new contract. We expect to be able to announce the result of these discussions by 31 October 2011. Despite these setbacks the company remains in a stable financial position. As at 30 June 2011 we cash reserves of in excess of GBP1.3m and net current assets of over GBP7m. In addition our balance sheet still includes long term investments of GBP 35.8m representing our investments in three private companies which were made between 2008 and 2010. All the of the shareholdings are less than 20% of the entire share capital of investee company and the Directors have considered and are comfortable with the carrying value shown in these interim results. Moreover we still retain intangible assets on our balance sheet of GBP 13m representing pre-period development investment for CDM projects performed by the Company. The directors continue to monitor the carrying value of this intangible investment and will reconsider the its value once the negotiations with BCIH are concluded. At this time your Board believes its value is not impaired. ……………………… Chairman For and on behalf of the Board of China CDM Exchange Centre Limited Date: 30 September 2011 Enquiries: China CDM Exchange Centre Limited +86 010 65101886end_of_the_skype_highlighting Jeanne_0618@yahoo.com.cn PLUS Advisor: 020 7251 3762 Alfred Henry Corporate Finance Ltd www.alfredhenry.com Jon Isaacs/Nick Michaels The Directors accept responsibility for this announcement. STatement of comprehensive income 1/1/2011-6/30/2011 1/1/2010-6/30/2010 GBP GBP Unaudited Unaudited ITEM Revenue - 1,399,418.46 Cost of sales (268,198.87) (457,032.26) Gross profit (268,198.87) 942,386.20 Selling expenses (161,900.74) (177,453.31) Administrative expenses (33,785.12) (36,574.08) Profit from operation (463,884.73) 728,358.81 Income Taxation - - Profit for the year (463,884.73) 728,358.81 Other comprehensive income Foreign exchange gains/ (31,063.36) (102,819.99) (loss) Total comprehensive income (494,948.09) 625,538.82 for the year Statement of financial positioN 6/30/2011 6/30/2010 Unaudited Unaudited GBP GBP Non-current assets Property Plant and Equipment 26,638.31 38,977.22 Long term investment 35,778,133.59 34,468,350.71 Intangible assets 13,011,366.92 15,013,462.58 Total non-current assets 48,816,138.82 49,520,790.51 Current Assets Trade receivable and other 6,550,983.31 2,077,030.91 receivables Cash and cash equivalents 1,301,200.99 999,050.55 Financial assets at fair value - 1,958,192.59 through profit or loss Total current assets 7,852,184.30 5,034,274.05 Total assets 56,668,323.12 54,555,064.56 Current Liabilities Payroll 272,921.36 - Trade payable and other payables 193,308.96 440,406.68 Total Liabilities 466,230.32 440,406.68 Capital and Reserves Share capital 15,020,515.41 15,020,515.41 Capital surplus 14,541,807.50 16,465,581.68 Surplus reserve 3,383,675.49 3,383,675.49 Retained earnings 16,166,890.86 11,570,143.43 Foreign currency translation 7,089,203.54 7,674,741.87 difference Total Equity 56,202,092.80 54,114,657.88 Total liabilities and 56,668,323.12 54,555,064.56 shareholder's equity NOTES TO THE INTERIM REPORT 1. Accounting Policies The interim report has been prepared using accounting policies consistent with those set out in the Company's Annual Report and Accounts for the year ended 31 December 2010. The interim report, which is unaudited and has not been reviewed by the Company's auditor, for the six months to 30 June 2011 was approved by the Board on 30 September 2011.
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