Directors' Report - Alibaba

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NOTES TO THE FINANCIAL STATEMENTS For the year ended December 31, 2010 14 EARNINGS PER SHARE Basic earnings per share is calculated by dividing the profit attributable to equity owners of the Company for the year by the weighted average number of ordinary shares in issue during the year. Alibaba.com Limited Annual Report 2010 112 2009 2010 Profit attributable to equity owners of the Company (RMB’000) 1,013,026 1,469,464 Weighted average number of ordinary shares in issue (thousand shares) 5,040,685 5,043,800 Earnings per share, basic (RMB) 20 cents 29 cents Earnings per share, basic (HK$) (i) 23 cents 33 cents Diluted earnings per share is computed by dividing the profit attributable to equity owners for the year by the weighted average number of ordinary shares and potential ordinary shares outstanding during the year. Potential ordinary shares, composed of incremental ordinary shares issuable upon the exercise of share options and RSUs in all periods, are included in the computation of diluted earnings per share to the extent such shares are dilutive. Diluted earnings per share also takes into consideration the effect of diluted securities issued by subsidiaries. 2009 2010 Profit attributable to equity owners of the Company (RMB’000) 1,013,026 1,469,464 Weighted average number of ordinary shares in issue (thousand shares) 5,040,685 5,043,800 Adjustments for share options and RSUs (thousand shares) 38,942 35,020 Weighted average number of ordinary shares for the calculation of diluted earnings per share (thousand shares) 5,079,627 5,078,820 Earnings per share, diluted (RMB) 20 cents 29 cents Earnings per share, diluted (HK$) (i) 23 cents 33 cents (i) The translation of Renminbi amounts into Hong Kong dollars has been made at the rate of RMB0.8714 to HK$1.0000 (2009: RMB0.8812 to HK$1.0000). No representation is made that the Renminbi amounts have been, could have been or could be converted into Hong Kong dollars or vice versa, at that rate, or at any rates or at all.
15 PROPERTY AND EQUIPMENT Leasehold Furniture and building and office Computer Construction Building improvements equipment equipment in progress Total RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Year ended December 31, 2009 As of January 1, 2009, as previously reported – 13,108 26,850 126,804 209,213 375,975 Adjustment for business combination under common control (Note 1) – – 5 10,565 – 10,570 As of January 1, 2009, as restated – 13,108 26,855 137,369 209,213 386,545 Additions – 18,160 37,876 157,089 266,174 479,299 Acquisition of HiChina (Note 1) – 1,129 2,599 38,637 – 42,365 Disposals – (1,406) (1,614) (2,770) – (5,790) Transfer from construction in progress 322,838 135,670 10,931 1,390 (470,829) – Depreciation (2,246) (16,493) (16,005) (84,636) – (119,380) Exchange differences – 45 13 25 – 83 Closing net book amount 320,592 150,213 60,655 247,104 4,558 783,122 As of December 31, 2009 Cost 322,838 168,625 97,038 470,839 4,558 1,063,898 Accumulated depreciation (2,246) (18,412) (36,383) (223,735) – (280,776) Closing net book amount 320,592 150,213 60,655 247,104 4,558 783,122 Year ended December 31, 2010 As of January 1, 2010 320,592 150,213 60,655 247,104 4,558 783,122 Additions – 20,992 15,440 122,731 23,421 182,584 Acquisitions of Vendio and Auctiva (Note 33) – 33 787 3,878 – 4,698 Disposals – (263) (290) (775) – (1,328) Depreciation (6,738) (22,175) (26,895) (131,382) – (187,190) Exchange differences – (17) (65) (659) – (741) Closing net book amount 313,854 148,783 49,632 240,897 27,979 781,145 As of December 31, 2010 Cost 322,838 188,917 110,078 586,320 27,979 1,236,132 Accumulated depreciation (8,984) (40,134) (60,446) (345,423) – (454,987) Closing net book amount 313,854 148,783 49,632 240,897 27,979 781,145 Upon the completion of the construction of the corporate campus in September 2009, assets classified under construction in progress of RMB470,829,000 were transferred to other categories of property and equipment. 113 Alibaba.com Limited Annual Report 2010
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02 Financial and Operational Highli
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FINANCIAL HIGHLIGHTS Total register
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SEPTEMBER AUGUST Organized a big bu
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Award / Recognition Awarding Organi
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LEGAL ADVISERS Freshfields Bruckhau
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In closing, a word about the import
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A WINDOW ON THE GLOBAL MARKET MANAG
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were officially launched in the sec
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At the end of September 2010, we an
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Trust and safety With tens of milli
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Financial performance summary Reven
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Revenue from our international mark
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Product development expenses Our pr
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Profit attributable to equity owner
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In 2010, our capital expenditures d
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OUTLOOK Looking ahead to 2011, we f
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PENG Yi Jie, Sabrina TSAI Chung, Jo
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more than 30 years of global manage
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CULTURE DEVELOPMENT Alibaba.com has
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WE TRULY BELIEVE THAT SOCIAL RESPON
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GROWING A GREENER COMMUNITY
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Composition and attendance Director
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Key principle/practice CP/RBP Note
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We firmly believe that a sound cont
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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
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Directors' Report - Alibaba

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