Annual Report 2009 - Greentown China Holdings Limited

Notes to the Consolidated Financial Statements
For The Year Ended 31 December 2009
6. FINANCIAL INSTRUMENTS (Continued)
(c)
Fair value (Continued)
Fair value measurements recognised in the statement of financial position
The following table provides an analysis of financial instruments that are measured subsequent to
initial recognition at fair value, grouped into Levels 1 to 3 based on the degree to which the fair value is
observable.
• Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active
market for identical assets or liabilities.
• Level 2 fair value measurements are those derived from inputs other than quoted prices included
within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or
indirectly (i.e. derived from prices).
• Level 3 fair value measurements are those derived from valuation techniques that include inputs
for the asset or liability that are not based on observable market data (unobservable inputs).
2009
Level 3
RMB’000
Financial liabilities at FVTPL
Trust-related financial derivatives 338,080
Reconciliation of Level 3 fair value measurements of financial liabilities
Trust-related
financial
derivatives
RMB’000
At 1 January 2009 –
Issues 259,180
Total losses in profit or loss (included in fair value changes on
Trust-related financial derivatives) 78,900
At 31 December 2009 338,080
7. REVENUE AND SEGMENT INFORMATION
An analysis of the Group’s revenue from its major products and services is as follows:
2009 2008
RMB’000 RMB’000
Property sales 8,631,978 6,552,608
Hotel operations 72,229 50,078
Sales of construction materials 2,613 11,620
Other business 20,609 21,051
8,727,429 6,635,357
Greentown China Holdings Limited Annual Report 2009 125