曝光臺 注意防騙 網曝天貓店富美金盛家居專營店坑蒙拐騙欺詐消費者

on cost as aircraft held under operating leases are not recognised as assets subject to valuation. Management therefore considers that the change to the cost model increases the level of consistency in accounting for aircraft which are not distinguished from an operational perspective.
• The high degree of subjectivity and risk of cyclical volatility associated with external valuation and second hand
aircraft fair values – the market value of second hand aircraft can be volatile and is influenced by transactions in global markets that may have little relevance to the operating environment in China. Management does not believe that financial statements that reflect, often subjective, movements in second hand values provide
meaningful information to investors.
This change in accounting policy has been accounted for retrospectively, and the comparative financial information
has also been restated. This change in accounting policy has no effect on reported profit or loss, total income and expenses or net assets for the years ended 31 December 2007, 2008 and 2009. The change in accounting policy only resulted in changes in the cost and accumulated depreciation of the PP&E of the same amount with no profit or loss effect as shown in Note 21. As the effect of change in accounting policy was not material to financial statements, no comparative balance sheet as at 1 January 2008 is presented.
4 traffic traffic revenue
2009 2008
RMB million RMB million
Passenger 50,059 50,412
Cargo and mail 2,908 3,501
52,967 53,913
Pursuant to various sales tax rules and regulations, the Group is required to pay sales tax (including business tax and other surcharges) to national and local tax authorities at the rate of approximately 3% of the traffic revenue in respect
of domestic flights and international, Hong Kong, Macau and Taiwan flights. Pursuant to the “Notice of exemption of business tax on fuel surcharge for airline companies” issued jointly by the PRC Ministry of Finance and the State
Administration of Taxation, the Group is exempted from business tax on fuel surcharge income received during the
period from 1 January 2008 to 31 December 2010. Sales tax incurred by the Group during the year ended 31 December 2009, netted off against revenue, amounted to RMB1,532 million (2008: RMB1,337 million). Traffic revenue is stated
net of sales tax.
CHINA SOUTHERN AIRLINES COMPANY LIMITED • ANNUAL REPORT 2009
74 Notes to the Financial Statements
(Prepared in accordance with International Financial Reporting Standards)
(Expressed in Renminbi)
5 other other operating re venue
2009 2008
RMB million RMB million
Commission income 342 317
General aviation income 197 133
Ground services income 320 250
Air catering income 112 107
Rental income 116 120
Expired sales in advance of carriage 350 276
Aircraft lease income 83 –
　
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