Interim Report 2001

China Southern Airlines Company Limited
Business review
Liquidity, financial resources and capital structure
Financial risk management policy
Charges on assets
Capital and investing commitments
Contingent liabilities
Recent economic development
Prospects for the second half year
Use of proceeds
Structure of share capital
Substantial shareholders
Purchase, sale or redemption of shares
Equity interests in the company held by the directors and supervisors
Comprehensive services and employee benefits
Designated deposits and overdue time deposits
Compliance with the Code of Best Practices
Material litigation
Operating data summary
Consolidated profit and loss account (unaudited)
Consolidated statement of recognised gains and losses (unaudited)
Consolidated balance sheet (unaudited)
Condensed consolidated cash flow statement (unaudited)
Independent review report to the board of directors of China Southern Airlines Company Limited