Annual Report 2009 - Greentown China Holdings Limited

Notes to the Consolidated Financial Statements
For The Year Ended 31 December 2009
35. SHARE-BASED PAYMENT TRANSACTIONS (Continued)
The Group recognised the total expense of RMB107,413,000 for the year ended 31 December 2009 (2008: nil) in
relation to share options granted by the Company.
At the end of each reporting period, the Group revises its estimates of the number of share options that are
expected to ultimately vest. The impact of the revision of the estimates, if any, is recognised in profit and loss,
with a corresponding adjustment to the share options reserve.
36. PLEDGE OF ASSETS
At the end of the reporting period, the following assets were pledged to banks to secure general banking facilities
granted to the Group:
2009 2008
RMB’000 RMB’000
Land and buildings 65,449 35,724
Hotel buildings 1,042,707 873,990
Prepaid lease payment 60,865 41,999
Construction in progress 8,369 31,023
Properties for development 1,242,287 749,267
Properties under development 17,705,303 10,101,999
Completed properties for sale 104,818 161,448
Bank deposits 2,376,822 220,217
Amounts due from associates 510,000 –
Interests in associates 90,000 –
23,206,620 12,215,667
37. RETIREMENT BENEFITS PLANS
The employees of the Group’s subsidiaries in the PRC are members of the state-managed retirement benefits
schemes operated by the PRC government. The PRC subsidiaries are required to contribute a certain percentage
of payroll costs to the retirement benefits schemes to fund the benefits. The only obligation of the Group with
respect to the retirement benefits schemes is to make the specified contributions.
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Greentown China Holdings Limited Annual Report 2009