Annual Report 2009 - Greentown China Holdings Limited

Notes to the Consolidated Financial Statements
For The Year Ended 31 December 2009
24. OTHER CURRENT ASSETS (Continued)
Other receivables are repayable on demand. Prepayments and deposits are expected to be recovered after more
than 12 months.
No allowance was made for trade and other receivables.
Bank balances and cash/pledged bank deposits
Bank balances and cash comprise cash held by the Group and short-term bank deposits with an original maturity
of three months or less. Bank balances carry interest at market rates which range from 0.36% to 1.71% (2008:
0.36% to 4.41%) per annum.
Pledged bank deposits represent deposits pledged to banks to secure short-term banking facilities granted to the
Group. The pledged bank deposits carry interest at market rates which range from 0.36% to 4.14% (2008: 1.98% to
5.58%) per annum.
As at 31 December 2009, the Group had bank balances and cash (including pledged bank deposits) denominated
in Renminbi amounting to RMB11,119,796,000 (2008: RMB1,624,869,000). Renminbi is not freely convertible into
other currencies.
Bank balances and cash/pledged bank deposits that are denominated in currencies other than the functional
currency of the respective group entities are set out below:
HKD
RMB’000
USD
RMB’000
As at 31 December 2009 16,716 645,657
As at 31 December 2008 42,729 50,640
25. TRADE AND OTHER PAYABLES
The aged analysis of trade payables is stated as follows:
2009 2008
RMB’000 RMB’000
0 – 30 days 2,373,452 1,693,002
31 – 90 days 183,009 193,780
91 – 180 days 172,634 109,312
181 – 365 days 456,886 441,368
Over 365 days 247,648 187,846
Trade payables 3,433,629 2,625,308
Other payables and accrued expenses 1,599,596 766,942
5,033,225 3,392,250
Trade payables and other payables principally comprise amounts outstanding for trade purposes and ongoing
costs.
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Greentown China Holdings Limited Annual Report 2009