Directors' Report - Alibaba

More documents

Recommendations

Info

NOTES TO THE FINANCIAL STATEMENTS For the year ended December 31, 2010 7 PROFIT FROM OPERATIONS Profit from operations is stated after crediting/charging the following: Alibaba.com Limited Annual Report 2010 106 2009 2010 RMB’000 RMB’000 Crediting: Gain on deemed disposal of Alibaba Japan (Note 6(iii)) 6,980 – Charging: Staff costs (Note 9) 1,698,147 2,371,719 Depreciation expense of property and equipment (Note 15) 119,380 187,190 Operating lease rentals 68,013 69,790 Amortization of intangible assets (Note 16) 6,615 39,133 Auditors’ remuneration 5,350 6,020 Amortization of lease prepayment 587 587 Losses on disposals of property and equipment, net 191 514 8 FINANCE INCOME, NET 2009 2010 RMB’000 RMB’000 Interest income, net 140,479 158,286 Exchange gains, net 462 18,112 Total 140,941 176,398 9 STAFF COSTS (INCLUDING DIRECTORS’ EMOLUMENTS) 2009 2010 RMB’000 RMB’000 Salaries, bonuses and sales commission 1,243,515 1,610,431 Contributions to defined contribution plans (i) 204,416 313,328 Discretionary employee benefits 49,831 106,989 Share-based compensation expense (Note 27(c)) 200,385 340,971 Total 1,698,147 2,371,719 2009 2010 Number of employees 11,716 13,674
9 STAFF COSTS (INCLUDING DIRECTORS’ EMOLUMENTS) (Continued) (i) All local employees of the subsidiaries in the PRC participate in mandatory employee social security plans pursuant to the regulations enacted in the PRC, which cover pension, medical and other welfare benefits. The plans are organized and administered by various government authorities. Except for welfare benefits provided by these social security plans, the Group has no other material commitments owing to the employees. According to the relevant regulations, the portion of premium and welfare benefit contributions that should be borne by the Group in the PRC are principally determined based on a percentage of the monthly compensation of employees, subject to certain ceilings, and are paid to the respective labour and social welfare authorities. The Group also contributes to retirement plans for its employees outside the PRC at different percentages of the monthly compensation of employees in compliance with requirements of the respective governments. The contributions to the above plans are expensed as incurred. Assets of the plans are held and managed by publicly or privately administered pension insurance plans or government authorities and are separate from those of the Group. 10 DIRECTORS’ EMOLUMENTS The aggregate amounts of emoluments – paid and payable by the Company to directors of the Company are as follows: 107 2009 2010 RMB’000 RMB’000 Fees 1,416 1,657 Salaries, bonus, allowances and benefits in kind 14,819 8,734 Contributions to defined contribution plans 213 187 16,448 10,578 Share-based compensation expense (i) 66,647 91,740 Total 83,095 102,318 (i) Share-based compensation expense represents amortization of fair value of: (a) the share options, RSUs or other rights issued under the share-based incentive schemes of the ultimate holding company; and (b) the share options, RSUs and restricted shares issued by the Company. The fair values of these abovementioned share-based compensations were allocated/charged to the consolidated statement of comprehensive income of the Group, disregarding whether or not these share-based awards have been vested or exercised. 2009 2010 Number of directors – with emoluments 13 12 – without emoluments 2 1 Total 15 13 Alibaba.com Limited Annual Report 2010
Page 3 and 4:
02 Financial and Operational Highli
Page 5 and 6:
FINANCIAL HIGHLIGHTS Total register
Page 7 and 8:
SEPTEMBER AUGUST Organized a big bu
Page 9 and 10:
Award / Recognition Awarding Organi
Page 11 and 12:
LEGAL ADVISERS Freshfields Bruckhau
Page 13 and 14:
In closing, a word about the import
Page 15 and 16:
A WINDOW ON THE GLOBAL MARKET MANAG
Page 17 and 18:
were officially launched in the sec
Page 19 and 20:
At the end of September 2010, we an
Page 21 and 22:
Trust and safety With tens of milli
Page 23 and 24:
Financial performance summary Reven
Page 25 and 26:
Revenue from our international mark
Page 27 and 28:
Product development expenses Our pr
Page 29 and 30:
Profit attributable to equity owner
Page 31 and 32:
In 2010, our capital expenditures d
Page 33 and 34:
OUTLOOK Looking ahead to 2011, we f
Page 35 and 36:
PENG Yi Jie, Sabrina TSAI Chung, Jo
Page 37 and 38:
more than 30 years of global manage
Page 39 and 40:
CULTURE DEVELOPMENT Alibaba.com has
Page 41 and 42:
WE TRULY BELIEVE THAT SOCIAL RESPON
Page 43 and 44:
GROWING A GREENER COMMUNITY
Page 45 and 46:
Composition and attendance Director
Page 47 and 48:
Key principle/practice CP/RBP Note
Page 49 and 50:
Page 51 and 52:
Page 53 and 54:
Page 55 and 56:
Page 57 and 58: Key principle/practice CP/RBP Note
Page 59 and 60: We firmly believe that a sound cont
Page 61 and 62: Upholding Alibaba values is somethi
Page 63 and 64: RESERVES Details of movements in th
Page 65 and 66: Note (continued): (2) These securit
Page 68 and 69: DIRECTORS’ REPORT SHARE-BASED INC
Page 70 and 71: DIRECTORS’ REPORT (ii) Participan
Page 72 and 73: DIRECTORS’ REPORT (b) Particulars
Page 74: DIRECTORS’ REPORT DIRECTORS’ IN
Page 77 and 78: We have also engaged our auditors t
Page 79 and 80: Under the New Cooperation Framework
Page 81 and 82: Unless the parties otherwise agree
Page 83: PURCHASE, SALE OR REDEMPTION OF THE
Page 86 and 87: CONSOLIDATED BALANCE SHEET As of De
Page 88 and 89: BALANCE SHEET As of December 31, 20
Page 90 and 91: CONSOLIDATED STATEMENT OF CHANGES I
Page 92 and 93: CONSOLIDATED CASH FLOw STATEMENT Fo
Page 94 and 95: NOTES TO THE FINANCIAL STATEMENTS F
Page 146: FINANCIAL SUMMARY CONSOLIDATED INCO
show all

Directors' Report - Alibaba

Create successful ePaper yourself

Delete template?

Save as template?