Annual Report 2012

STATEMENT OF CHANGES IN EQUITY
for the year ended 31 December 2012
Total
Share Capital Specific Surplus Retained shareholders’
capital reserve reserve reserve profits equity
RMB millions RMB millions RMB millions RMB millions RMB millions RMB millions
Balance at 1 January 2011 86,702 37,922 1,025 141,711 118,059 385,419
Change for the year
1. Net profit — — — — 65,521 65,521
2. Other comprehensive income — (186) — — — (186)
Total comprehensive income — (186) — — 65,521 65,335
Transactions with owners, recorded directly
in shareholders’ equity:
3. Appropriations of profits:
– Appropriation for surplus reserves — — — 36,552 (36,552) —
– Distributions to shareholders — — — — (19,941) (19,941)
4 Net increase in specific reserve for the year — — 1,546 — — 1,546
5. Government grants — 274 — — — 274
6. Others — (27) — — — (27)
— 247 1,546 36,552 (56,493) (18,148)
Balance at 31 December 2011 86,702 37,983 2,571 178,263 127,087 432,606
Balance at 1 January 2012 86,702 37,983 2,571 178,263 127,087 432,606
Change for the year
1. Net profit — — — — 63,400 63,400
2. Other comprehensive income (Note 45) — 79 — — — 79
Total comprehensive income — 79 — — 63,400 63,479
Transactions with owners, recorded directly
in shareholders’ equity:
3. Appropriations of profits:
– Appropriation for surplus reserves (Note 34) — — — 6,340 (6,340) —
– Distributions to shareholders (Note 46) — — — — (26,046) (26,046)
4. Exercise of conversion of the 2011
Convertible Bonds (Note 31) 118 799 — — — 917
5. Net increase in specific reserve for the year (Note 33) — — 446 — — 446
6. Government grants — 287 — — — 287
7. Others — (2) — — — (2)
118 1,084 446 6,340 (32,386) (24,398)
Balance at 31 December 2012 86,820 39,146 3,017 184,603 158,101 471,687
These financial statements have been approved by the board of directors on 22 March 2013.
Fu Chengyu Wang Tianpu Wang Xinhua
Chairman Vice Chairman, President Chief Financial Office
(Authorised representative)
The notes on pages 80 to 133 form part of these financial statements.
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CHINA PETROLEUM & CHEMICAL CORPORATION Annual Report 2012
Financial Statements (PRC)