Sun Art Retail Group Limited - TodayIR.com

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 30 POSSIBLE IMPACT OF AMENDMENTS, NEW STANDARDS AND INTERPRETATIONS ISSUED BUT NOT YET EFFECTIVE Up to the date of issue of these financial statements, the HKICPA has issued a number of amendments and new standards which are not yet effective for the year ended 31 December 2012 and have not been adopted in these financial statements. These include the following which may be relevant to the Group. Effective for accounting periods beginning on or after • Amendments to HKAS 1, Presentation of financial statements - Presentation 1 July 2012 of items of other comprehensive income • HKFRS 10, Consolidated financial statements 1 January 2013 • HKFRS 11, Joint arrangements 1 January 2013 • HKFRS 12, Disclosure of interests in other entities 1 January 2013 • HKFRS 13, Fair value measurement 1 January 2013 • HKAS 27, Separate financial statements 1 January 2013 • HKAS 28, Investment in associates and joint ventures 1 January 2013 • Revised HKAS 19, Employee benefits 1 January 2013 • Amendments to HKFRS 7, Financial instruments: Disclosures – 1 January 2013 Disclosures – Offsetting financial assets and financial liabilities • Annual Improvements to HKFRSs – 2009-2011 Cycle 1 January 2013 • Amendments to HKFRS 10, Consolidated financial statements, HKFRS 11, 1 January 2013 Joint arrangements and HKFRS 12, Disclosure of interests in other entities – Transition guidance • Amendments to HKAS 32, Financial instruments: Presentation – Offsetting 1 January 2014 financial assets and financial liabilities • HKFRS 9, Financial instruments 1 January 2015 • Amendments to HKFRS 9, Financial instruments and HKFRS 7 Financial instruments: Disclosures – Mandatory effective date and transition disclosures 1 January 2015 The Group is in the process of making an assessment of what the impact of these amendments is expected to be in the period of initial application. So far it has concluded that the adoption of them is unlikely to have a significant impact on the Group’s financial position and results of operations. 31 INTEREST IN SUBSIDIARIES The Company At 31 December 2012 2011 RMB million RMB million Unlisted shares 15,321 15,321 The principal activity of the Company is investment holding. Sun Art Retail Group Limited Annual Report 2012 109
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 INTEREST IN SUBSIDIARIES (CONTINUED) Particulars of the Group’s principal subsidiaries are as follows: Held directly by the Company: Name of companies Note Effective interest of ownership attributable to the Group Principal activities Registered capital/issued and fully paid up capital 2012 2011 (million) CCIL (i) 100% 100% Investment holding USD 112 ACHK (i) 100% 100% Investment holding USD 216 Shanghai Art Management and Service Co., Ltd. 100% 100% Consulting Service USD 0.1 Held directly or indirectly by CCIL: Name of companies Note Effective interest of ownership attributable to the Group Principal activities Registered capital/issued and fully paid up capital 2012 2011 (million) RT-Mart Holdings Limited (i) 100% 100% Investment holding USD 112 Shanghai RT-MART (ii) 94.10% 94.37% Retailing USD 30 Jiangsu Bairuen Logistics Co., Ltd. (iii) 94.10% 94.37% Retailing, RMB 1 Jiaxing Xiuzhou Commercial Co., Ltd. 94.10% 94.37% Retailing RMB 15 People’s RT-MART Limited Jinan (ii) 90.08% 90.33% Retailing USD 21 Shanghai Rose Consulting Co., Ltd. 94.10% 94.37% Consulting USD 0.4 Nantong Tongruenfa Hypermarket Co., Ltd (iii) 94.10% 94.37% Retailing RMB 5 Qingdao Ruentex Enterprises Co., Ltd. 94.10% 94.37% Retailing RMB 200 Wuhan RT-MART Jianghan Hypermarket 94.10% 94.37% Retailing USD 8 Development Co., Ltd. Shenyang Ruentex Commercial Co., Ltd . 94.10% 94.37% Retailing USD 9 Haerbin RT-MART Commercial Co., Ltd. 94.10% 94.37% Retailing USD 8 Kunshan Ruenhua Commercial Co., Ltd. 94.10% 94.37% Retailing RMB 165 Shenyang RT-MART Commercial Co., Ltd. 94.10% 94.37% Retailing USD 7 Shanghai Jiji Commercial and Trading Co., Ltd. (iii) 94.10% 94.37% Property development, RMB 10 leasing and retailing Suzhou Ruenrui Commercial Co., Ltd. (iii) 94.10% 94.37% Retailing RMB 9 Foshan Shunde RT-MART Commercial Co., Ltd. 94.10% 94.37% Retailing USD 7 Suzhou Concord Warehousing Co.,Ltd. 94.10% 94.37% Warehousing USD 31 CIC 94.10% 94.37% Investment holding USD 229 and retailing Changshu RT-MART Hypermarket Co., Ltd. 94.10% 94.37% Retailing USD 7 Shanghai Minhang RT-MART Commercial 94.10% 94.37% Retailing USD 3 and Trading Co., Ltd. 110 Sun Art Retail Group Limited Annual Report 2012
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Sun Art Retail Group Limited (Incor
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CORPORATE INFORMATION DIRECTORS Exe
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CHAIRMAN’S STATEMENT Dear Shareho
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CHIEF EXECUTIVE OFFICER’S STATEME
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MANAGEMENT DISCUSSION AND ANALYSIS
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REPORT OF DIRECTORS Audit Committee
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CONSOLIDATED STATEMENT OF FINANCIAL
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STATEMENT OF FINANCIAL POSITION OF
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CONSOLIDATED CASH FLOW STATEMENT Fo
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