Annual Report 2009 - Greentown China Holdings Limited

More documents

Recommendations

Info

Notes to the Consolidated Financial Statements For The Year Ended 31 December 2009 7. REVENUE AND SEGMENT INFORMATION (Continued) Property Hotel All other Segment development operations segments total Eliminations Total RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 For the year ended 31 December 2008 Revenue External revenue 6,552,608 50,078 32,671 6,635,357 – 6,635,357 Inter-segment revenue – 7,400 365,485 372,885 (372,885) – Total 6,552,608 57,478 398,156 7,008,242 (372,885) 6,635,357 Segment results 644,747 (64,399) (16) 580,332 2,076 582,408 Unallocated administrative expenses (19,166) Unallocated other income 303,469 Unallocated finance costs (298,809) Fair value changes on embedded financial derivatives 19,477 Unallocated taxation (20,757) Profit for the year 566,622 Segment assets and liabilities The following is an analysis of the Group’s assets and liabilities by reportable segment: Segment assets 2009 2008 RMB’000 RMB’000 Property development 70,525,033 40,937,232 Hotel operations 1,898,790 1,250,845 All other segments 2,021,740 492,644 Total segment assets 74,445,563 42,680,721 Unallocated 1,030,189 134,355 Consolidated assets 75,475,752 42,815,076 128 Greentown China Holdings Limited Annual Report 2009
Notes to the Consolidated Financial Statements For The Year Ended 31 December 2009 7. REVENUE AND SEGMENT INFORMATION (Continued) Segment liabilities 2009 2008 RMB’000 RMB’000 Property development 57,446,642 26,422,849 Hotel operations 105,044 173,718 All other segments 1,618,585 521,743 Total segment liabilities 59,170,271 27,118,310 Unallocated 3,856,905 5,415,440 Consolidated liabilities 63,027,176 32,533,750 For the purposes of monitoring segment performances and allocating resources between segments: • all assets are allocated to reportable segments other than bank balances and cash, property, plant and equipment, trade and other receivables, prepayments and deposits, and deferred tax assets pertaining to those non-operating group entities. • all liabilities are allocated to reportable segments other than senior notes, convertible bonds, Trustrelated financial derivatives, bank and other borrowings, and deferred tax liabilities pertaining to those non-operating group entities. Other segment information For the year ended 31 December 2009 Property Hotel All other Reportable development operations segments segment total Adjustments Total RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Amounts included in the measure of segment profit or loss or segments assets: Addition to non-current assets (Note) 237,518 671,173 57,525 966,216 27 966,243 Interests in associates 1,762,099 – – 1,762,099 – 1,762,099 Interests in jointly controlled entities 235,543 – – 235,543 – 235,543 Depreciation of property, plant and equipments 48,443 28,126 3,246 79,815 1,333 81,148 Reversal of impairment losses on property under development (42,433) – – (42,433) – (42,433) (Gains) losses on disposal of property, plant and equipment (540) – 20 (520) – (520) Interest income (101,978) (73) (1,035) (103,086) (96) (103,182) Finance costs 535,389 670 1,995 538,054 119,744 657,798 Share of results of associates (456,031) – – (456,031) – (456,031) Share of results of jointly controlled entities (159,341) – – (159,341) – (159,341) Taxation 439,358 – 1,249 440,607 37,471 478,078 Greentown China Holdings Limited Annual Report 2009 129
Page 1 and 2:
eauties in life Start with a dream
Page 3 and 4:
Contents Corporate Information 2 Co
Page 5 and 6:
Corporate Information Registered Of
Page 7:
Corporate Profile Greentown China H
Page 10:
Villa Changsha Bamboo Garden Shangh
Page 13 and 14:
Mansion Beijing Majestic Mansion Th
Page 15 and 16:
Urban Complex
Page 17 and 18:
Jinan National Games Project
Page 19 and 20:
Thousand-Island Lake Resort Condo -
Page 21 and 22:
Xinjiang 1.9% Proportion to total l
Page 23 and 24:
Portfolio Property projects Type In
Page 25 and 26:
Portfolio Completion schedule of pr
Page 27 and 28:
Portfolio Wenzhou Lucheng Plaza Nin
Page 29 and 30:
Page 31 and 32:
Page 33 and 34:
Portfolio Nanjing Rose Garden Prope
Page 35 and 36:
Page 37 and 38:
Portfolio Qingdao Ideal City Jinan
Page 39 and 40:
Page 41 and 42:
A romantic trip of timeless splendo
Page 43 and 44:
Dear Shareholders, In early 2009, t
Page 45 and 46:
CEO’s Review Sales of major proje
Page 47:
CEO’s Review Maintaining the “e
Page 50 and 51:
Management Discussion and Analysis
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
58 Greentown China Holdings Limited
Page 62 and 63:
Directors and Senior Management The
Page 64 and 65:
Directors and Senior Management Boa
Page 66 and 67:
Directors and Senior Management Ind
Page 68 and 69:
Directors and Senior Management Tan
Page 70 and 71:
Corporate Governance Report The Com
Page 72 and 73:
Corporate Governance Report Appoint
Page 74 and 75:
Corporate Governance Report (B) Dur
Page 76 and 77:
Report of the Directors The Directo
Page 78 and 79:
Report of the Directors (4) Pursuan
Page 80 and 81: Report of the Directors (4) A contr
Page 82 and 83: Report of the Directors Name of gra
Page 84 and 85: Report of the Directors (b) As Harb
Page 86 and 87: Report of the Directors (d) (e) Sha
Page 88 and 89: Report of the Directors (B) After c
Page 90 and 91: Report of the Directors (3) a compr
Page 92 and 93: Report of the Directors (2) an adve
Page 94 and 95: Report of the Directors (c) entered
Page 96 and 97: 94 Greentown China Holdings Limited
Page 98 and 99: Independent Auditor’s Report TO T
Page 100 and 101: Consolidated Statement of Comprehen
Page 102 and 103: Consolidated Statement of Financial
Page 104 and 105: Consolidated Statement of Cash Flow
Page 106 and 107: Notes to the Consolidated Financial
Page 180 and 181:
Notes to the Consolidated Financial
Page 182 and 183:
Page 184 and 185:
Page 186 and 187:
Page 188 and 189:
Page 190 and 191:
Page 192 and 193:
Five Years Financial Summary Consol
Page 194 and 195:
Valuation Report and Analysis Metho
Page 196 and 197:
Valuation Report and Analysis SUMMA
Page 198 and 199:
Valuation Report and Analysis Prope
Page 200 and 201:
Page 202 and 203:
Page 204 and 205:
Page 206 and 207:
Page 208 and 209:
Page 210 and 211:
Page 212 and 213:
Page 214 and 215:
Page 216 and 217:
Page 218 and 219:
Page 220 and 221:
Page 222 and 223:
Page 224 and 225:
Page 226 and 227:
Page 228 and 229:
Page 230 and 231:
Page 232 and 233:
Valuation Report and Analysis 3. As
Page 234 and 235:
Valuation Report and Analysis 25. A
show all

Annual Report 2009 - Greentown China Holdings Limited

Create successful ePaper yourself

Delete template?

Save as template?