Annual Report 2012

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
for the year ended 31 December 2012
29 SHORT-TERM AND LONG-TERM DEBTS AND LOANS FROM SINOPEC GROUP COMPANY AND FELLOW SUBSIDIARIES
Short-term debts represent:
The Group The Company
2012 2011 2012 2011
RMB millions RMB millions RMB millions RMB millions
Third parties’ debts
Short-term bank loans 27,597 25,036 1,070 3,401
Current portion of long-term bank loans 15,387 4,609 15,354 4,579
Current portion of long-term other loans 79 79 2 2
Current portion of long-term corporate bonds — 38,500 — 38,500
15,466 43,188 15,356 43,081
Corporate bonds (a) 30,000 — 30,000 —
73,063 68,224 46,426 46,482
Loans from Sinopec Group Company and fellow subsidiaries
Short-term loans 42,631 11,949 622 441
Current portion of long-term loans 288 200 288 200
42,919 12,149 910 641
115,982 80,373 47,336 47,123
The Group’s and the Company’s weighted average interest rates on short-term loans were 1.9% (2011: 3.5%) and 4.7% (2011: 5.9%) at 31
December 2012, respectively.
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CHINA PETROLEUM & CHEMICAL CORPORATION Annual Report 2012
Financial Statements (International)