Commissioning Report 21APR2007

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➢具体指标填列方法参见“会计科目与部门决 算报表对应关系表（国有建设单位）”： 1、要了解哪些会计科目对应基建收支； 2、基建收支不按预算年度转入结余科目，因 此当年收支要用“年末减年初”的方法得到； 3、根据基建资金来源结构确定非偿还性资金 占全部资金比重，以此确定支出中的非偿还 性部分。
第三部分 部门决算报表编制说明
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一、封面
单位名称 组织机构代码 规范的树形结构 财政预算代码 单位基本性质 单位执行会计制度
预算管理级次 隶属关系 部门标识代码 补充资料表标识 报表类型
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（一）单位名称：根据单位的全称填列，并加盖 单位行政公章。一级预算单位填报本级报表时， 应在单位名称后加“（本级）”。
（二）财政预算代码：本代码指单位在财政预算 部门的编码。
（三）单位基本性质： “行政单位”、“事业单 位”、“其他单位”和“经费自理事业单位”四 种类型。
“其他单位”仅限于列入2007年度财政预算范 围的企业集团、执行《民间非营利组织会计制度》 的非事业编制单位，以及主管部门代编的“经费 差额表” 选择填列。
资金报表
财决附01表 财政性资金国库集中支付
预算执行情况表
财决附02表 事业单位事业基金 增减变动情况表
财决附03表 事业单位专用基金 增减变动情况表
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资产报表
财决附04表 资产情况表
财决附06表 基本数字表
财决附07表 机构人员情况表
财决附08表 学生学员统计表
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返回
部门决算报表调整情况对照表
报表
2007
2006
总数
38（5） 44（4）

税务政策和管管理 局
理
1 1 份 ， 小 企业 管理 局
15 份 ， 社 会保障局
17 份 ，
邮政 局 14 份 。 审 计 关 注 的前五 大联 邦机 构分 别是 ： 国
、
ra
n
s
po
r
ta
t io
n
交通
防部 、 国土 安全 部 、 卫 生 和公共服 务部 、 交通 部 和农业
He a h h H o m e l a n d S ec u ri t y
以检查所有政府事务 。
一 、按主题 词 分
美 国 审计署 实行 审计项 目报 告 制 度 ， 完成 一 个项 目就 出 具 一 个报告 或提供一 份证 词 。 由于 每年 的审计 范 围大致 相 同 ，
2 0 0 7 年发 布 的报告 和证 词 按 主题 分 ： 农 业 和 食 品 14 份 ， 预算 支 出 24 份 ，工 商企 业 消费者 20 份 ， 民权 3 份 ， 经 济发展 2 l
预算 支出
I n c o m e S e c u ri t来自y商 消费者 工 企业
I n f o r m a t i o n M an a g e m e n t
收入 保障 信息管理
人 事 务 2 5 份 。 中英 文 主 题 名见 左 表格 。 美 国审计署应国会要求 ， 审计关 注 的前五 大主题
美国审计署 200 7 年发布的报告分类
美 国审计署 (GA O )是美 国最 高级 别 的政府审计 机构 ， 隶属 2 0 0 2 年 为 89 8 份 ， 2 00 3 年 为 9 9 2 份 ， 2 0 0 4 年 为 8 13 份 ， 2 0 0 5 年
于 国 会 。 根 据 法 律 的 要 求 和 授 权 ， 美 国 审计 署事 实上 应 当并 可 为 9 6 1 份 ， 2 0 0 6 年 为 8 8 8 份 ， 2 0 0 7 年 为 10 9 7 份 。

This Standard regards a retirement benefit plan as a reporting entity separate
from the employers of the participants in the plan. All other Standards apply to
plans where such financial statements are prepared.
2
Retirement benefit plans are sometimes referred to by various other names, such
as ‘pension schemes’, ‘superannuation schemes’ or ‘retirement benefit schemes’.
Net assets available for benefits are the assets of a plan less liabilities other than the actuarial present value of promised retirement benefits.
Defined benefit plans are retirement benefit plans under which amounts to be paid as retirement benefits are determined by reference to a formula usually based on employees’ earnings and/or years of service.
and welfare plans or bonus plans. Government social security type arrangements

2. BASIC INFORMATION OF THE COMPANY 2.1 Major accounting data and financial indicatorsAs at 30 September,2007As at31 December,2006Increase/decreasecompared to prioryear end (%)Total assets (RMB million)925,237727,08527.25 Total equity (excluding minority interest)(RMB million)168,725115,55746.01 Net assets per share (RMB) 5.97 4.0946.01For the nine months ended30 September, 2007Increase/decreasecompared to the same periodof 2006 (%)Net cash flow from operating activities(RMB million)N/A N/A Net cash flow per share from operatingactivities (RMB)N/A N/AFor the reporting period (from July toSeptember)For the ninemonths ended30 September,2007Increase/decreasecompared tothe same periodof 2006Net profit (RMB million)7,82324,696N/A Basic earnings per share (RMB)0.270.87N/A Basic earnings per share after deductingnon-recurring items (RMB)–0.87–Diluted Earnings per share (RMB)0.270.87N/A Return on net assets (%) 4.6414.64N/A Return on net assets after deductingnon-recurring items (%) 4.6414.64N/A As at 30 September, 2007, investment assets of the Company were RMB878,827 million. For the nine months ended 30 September, 2007, the investment yield was 8.63% and the surrender ratio was 4.90%. (The growth ratio of premiums earned not applicable; no corresponding figures for the period ended 30 September, 2006)Non-recurring items For the nine months ended30 September, 2007(RMB million)Gains/losses on disposal of non-current assets12 Non-operating income and expenses other than thosementioned above, net(22) Income tax expenses impacted3 Total(7) 2.2 Total number of shareholders and top ten holders of listed shares not subject to tradingmoratorium as at the end of the reporting periodTotal number of shareholders at the end of the reporting period (Shareholders)Number of A share holders: 147,614 Number of H share holders: 37,055Particulars of top ten holders of listed shares not subject to trading moratoriumName of shareholdersNumber of listedshares not subjectto moratorium heldat the end of thereporting period Type of sharesHKSCC Nominees Limited6,884,099,163H shares Richbo Investment Limited428,358,620H shares 37,964,174 A shares25,899,316 A shares 15,000,000 A shares 14,000,000 A shares 11,325,200 A shares 11,000,000 A shares 10,764,355 A shares 10,572,050 A shares 3. SIGN IFICAN T EVEN TS3.1 Particulars of, and reasons for, material changes in major accounting items and financialindicators of the Company√ Applicable Not applicableKey Financial IndexAs at30 September,2007As at31 December,2006Change(%)Main reasonsTotal equity (excluding minority interest)(RMB million )168,725115,55746.01Steady growth of insurance business,significant improvement in investmentreturn, increase in unrealized gains ofavailable-for-sale financial assetsNet assets per share (RMB)5.97 4.0946.01Steady growth of insurance business,significant improvement in investmentreturn, increase in unrealized gains ofavailable-for-sale financial assetsRMB millionKey Financial IndexAs at30 September,2007As at31 December,2006Change(%)Main reasonsPremiums receivables 7,7955,73435.94Steady growth of insurance business Receivables fromreinsurers67126-46.83Settlement of reinsurance business Policy loans4,8802,371105.82Increase in policy loans businessAvailable-for-sale financial assets 381,913239,46359.49Increase in available-for-sale financialassets and the unrealized gainsFinancial assets soldunder agreementsto repurchase53,0168,227544.41Increase in investmentPremiums receivedin advance1,0391,641-36.68Impact by the business cycle Payables to reinsurers 13043150.00Increase in short-term ceded businessEmployees’remuneration payable 2,6251,95134.55Increase in SARS expense due to theraise of H share priceTaxes and statutory fees payable 9,1711,157692.65Significant increase of income taxpayableBenefits and claims payable 3,4422,59432.69Insurance business cycle, accumulationof insurance responsibility andcentralized maturity of some productsPolicyholder dividends payable 62,98030,491106.55Significant increase of investmentreturn from participating insuranceproductsDeferred tax liabilities 12,2267,14871.04Increase of unrealized gains inavailable-for-sale financial assetsKey Financial IndexAs at30 September,2007As at31 December,2006Change(%)Main reasonsCapital reserves 99,34366,87248.56Increase of unrealized gains inavailable-for-sale financial assets Surplus reserves fund 3,6962,73635.09Increase in surplus reserves retained bythe CompanyRetained earnings 37,42117,684111.61Steady growth of insurance business,significant improvement in investmentreturnMinority interest87954062.78Increase of the net profits of thesubsidiaries3.2 Explanation and analysis of significant events and their impacts and solutions√ Applicable Not applicableBy a resolution passed at the second extraordinary meeting of the second session of the Board held on 26 September, 2007, Mr. Wan Feng was appointed as the Company’s President following a nomination by the Chairman of the Company. Related announcements can be found in China Securities Journal and Shanghai Securities Journal on 27 September, 2007, as well as and .3.3 Status of performance of undertakings by the Company, its shareholders and de factocontrollers√ Applicable Not applicableDuring the reporting period ended 30 September 2007, our controlling shareholder China Life Insurance (Group) Company has undertaken that it will not, within 36 months from the listing of A shares of the Company, transfer nor authorize others to manage any shares of the Company that is directly or indirectly owned by it, nor will it allow the Company acquire such shares. China Life Insurance (Group) Company has strictly adhered to and will strictly adhere to the above undertaking.At the time of the restructuring and establishment of the Company, China Life Insurance (Group) Company injected into the Company certain land use rights and properties. Of the land use rights titles injected into the Company, formalities for change of titles have not been completed for the land use rights in respect of 4 pieces of land with a total area of 10,421.12 square meters. Of the properties that were injected into the Company, formalities for change of title have not been completed for 6 properties with a gross floor area of 8,639.76 square meters. China Life Insurance (Group) Company undertakes that it will, within one year from the date of listing of the Company’s A shares, assist the Company in completing the formalities for change of titles in respect of the 4 pieces of land and 6 properties mentioned above, failing which it will bear any loss that may be suffered by the Company as a result of such defective titles. China Life Insurance (Group) Company will strictly adhere to the above undertaking and is now actively dealing with the formalities for change of titles in relation to the above land and properties.China CMG Life Insurance Company Ltd. is a sino-foreign equity joint venture established on 4 July 2000 and owned as to 51% by China Life Insurance (Group) Company and as to 49% by CMG Group of Australia. The business scope of China CMG Life Insurance Company Ltd. is to conduct the following businesses (excluding statutory insurance business) within the administrative district of Shanghai municipality and in the provinces, autonomous regions and centrally-governed cities where its branches have been established: (1) insurance business such as life insurances, health insurances and accident and injuries insurances; (2) re-insurance of the above insurance business. China Life Insurance (Group) Company agrees that it will, within 3 years of the listing of the Company on the Stock Exchange of Hong Kong, sell all its interests in such equity joint venture to any third parties or otherwise eliminate any competition between China CMG Life Insurance Company Ltd. and the Company. China Life Insurance (Group) Company is now actively working towards the disposal of its interests in China CMG Life Insurance Company Ltd.3.4 Warnings and explanation on accumulated net loss expected to be recorded from the beginningof the year to the end of the next reporting period or material changes as compared to the same period of 2006Applicable √ Not applicable3.5 Other significant events3.5.1 The Company’s shareholdings in other listed companies √ Applicable Not applicableSerialNo.Stock code Abbreviation Number ofshares(million)Percentage inthe shares(%)Initialinvestment cost(RMB million)Items in financial statements1600030CITIC Securities 39312.016,430Available-for-sale financial assets 563Hold-for-trading financial assets2600016China Ming ShengBanking Corporation1806.17748Hold-for-trading financial assets7145,448Available-for-sale financial assets3601939ChinaConstruction Bank7020.484,529Available-for-sale financial assets HK09394081,063Available-for-sale financial assets4601088China Shenhua 1370.695,071Available-for-sale financial assets5601398Industrial andCommercial Bankof China240.4475Hold-for-trading financial assets7792,432Available-for-sale financial assets HK13986512,030Available-for-sale financial assets6601988Bank of China1230.21380Available-for-sale financial assets1753Hold-for-trading financial assets HK39883941,180Available-for-sale financial assets7601318China Ping An310.421,160Available-for-sale financial assets8600009Shanghai Airport 432.371,002Available-for-sale financial assets 236Hold-for-trading financial assets9600036China MerchantsBank380.34793Available-for-sale financial assets1183Hold-for-trading financial assets10600019Bao Steel 130.5863Hold-for-trading financial assets 89785Available-for-sale financial assetsTotal––33,424–Note: The figures contained in “Number of shares” and “Percentage in the shares” have been rounded up3.5.2 The Company’s shareholdings in unlisted financial companies or companies proposed to be listed √ Applicable Not applicableCompany nameInitialinvestmentcost(RMB million)Number ofshares(million)Percentage inthe shares(%)Book valueas at the endof reportingperiod(RMB million)Guangdong Development Bank5,6712,282206,026 China Life Property and CasualtyInsurance Company Limited40040040393 Total6,0712,682–6,419 Note: Excluding the subsidiary companies.This announcement is published in both Chinese and English languages. The Chinese version shall prevail.By Order of the Board ofChina Life Insurance Company LimitedHeng Kwoo SengCompany SecretaryAs at the date of this announcement, the Board of Directors of the Company comprises:Executive Directors:Yang Chao, Wan FengNon-executive Directors:Shi Guoqing, Zhuang ZuojinIndependent non-executive Directors:Long Y ongtu, Sun Shuyi, Ma Y ongwei,Chau Tak Hay, Cai Rang, Ngai Wai FungHong Kong, 29 October, 2007。