Page 44 - China Mobile Limited - Annual Report 2012

China Mobile Limited
Annual Report 2012
38
Financial Review
Credit Ratings
The Group currently has a corporate credit rating of Aa3/Outlook Positive
from Moody’s Investor Service and AA-/Outlook Stable from Standard &
Poor’s, equivalent to China’s sovereign credit rating respectively. These
ratings demonstrated that the Company’s sound financial strength,
favorable business potentials and solid financial management have led to
wider and deeper market recognition.
Dividends
In view of the Group’s stable profitability in 2012 and taking into
consideration its long-term future development, the Board recommends
payment of a final dividend of HK$1.778 per share for the financial year
ended 31 December 2012 in accordance with the dividend payout ratio
of 43% planned for the full financial year of 2012. This, together with the
interim dividend of HK$1.633 per share that was paid in 2012, amounts
to an aggregate dividend payment of HK$3.411 per share for the full
financial year of 2012.
In 2013, taking into consideration various relevant factors such as the
Group’s overall financial condition, cash flow generating capability and
the needs for future sustainable development, the Company’s planned
dividend payout ratio for the full year of 2013 will be 43%.
The Board believes that the Company’s continuously stable profitability
and strong cash flow generating capability will be able to support future
sustainable development, while providing shareholders with a favorable
return.
Conclusion
The Group will consistently uphold prudent financial principles and strictly
monitor and control financial risks in order to strive for leading profitability,
robust cash flow generating capability and the ability to preserve and
enhance value. In addition, the Group will focus on scientific allocation of
resources, maintain a solid capital structure and aim to continuously
create value for its shareholders.