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 Dividends 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) Notes(1) Notes(2) Independent review report to the board of directors of China Southern Airlines Company Limited