2012 Annual Report - ZTE

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ZTE CORPORATIONReport of the PRC Auditors (continued)III.OPINIONIn our opinion, the financial statements have been prepared in accordance with Accounting Standards for BusinessEnterprises, and present fairly, in all material aspects, the consolidated and company financial position as at 31December 2012 and the consolidated and company results of operations and cash flows of ZTE Corporation forthe year ended 31 December 2012.Ernst & Young Hua Ming LLPBeijing, the People’s Republic of ChinaChinese Certified Public Accountant:Li Yuxing ( 黎宇行 )Chinese Certified Public Accountant:Fu Jie ( 傅捷 )27 March 2013150
ANNUAL REPORT 2012Consolidated Balance Sheet(Prepared in accordance with PRC ASBEs)(All amounts in RMB’000 unless otherwise stated)(English translation for reference only)Assets Note V 2012 2011Current assetsCash 1 24,126,423 21,471,967Trading financial assets 2 106,297 95,618Bills receivable 3 4,282,220 3,223,529Trade receivables 4 22,068,176 23,873,425Factored trade receivables 4 4,165,514 3,623,096Other receivables 5 2,019,341 2,118,700Prepayments 6 742,551 494,200Inventories 7 11,442,389 14,988,379Amount due from customers for contract works 8 13,666,100 14,588,455Total current assets 82,619,011 84,477,369Non-current assetsAvailable-for-sale financial assets 9 1,092,335 819,972Long-term trade receivables 10 1,206,642 864,274Factored long-term trade receivables 10 4,018,484 4,156,083Long-term equity investments 12 455,768 514,091Investment properties 13 1,686,158 —Fixed assets 14 7,096,624 7,003,824Construction in progress 15 824,387 1,580,462Intangible assets 16 1,087,038 1,194,946Deferred development costs 16 2,446,934 1,925,610Deferred tax assets 17 1,218,605 1,128,836Long-term deferred assets 90,017 61,741Other non-current assets 19 3,604,303 1,640,906Total non-current assets 24,827,295 20,890,745TOTAL ASSETS 107,446,306 105,368,114151
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ImportantThe Board of Directors, Su
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ANNUAL REPORT 2012DefinitionsIn thi
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ANNUAL REPORT 2012GlossaryThis glos
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ANNUAL REPORT 2012Bearer networkCor
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ANNUAL REPORT 2012Corporate Informa
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ANNUAL REPORT 201210 AuditorsPRCErn
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ZTE CORPORATIONMajor Events of the
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ZTE CORPORATIONHighlights of accoun
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ZTE CORPORATIONHighlights of accoun
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ZTE CORPORATIONReport of the Board
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ANNUAL REPORT 20125. Breakdown of t
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ANNUAL REPORT 2012(3) Assets and li
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ANNUAL REPORT 2012In 2012, the Grou
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ANNUAL REPORT 2012Details in invest
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ANNUAL REPORT 20122. Liquidity risk
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ANNUAL REPORT 20123Change in the us
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ANNUAL REPORT 2012Nature Location T
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ANNUAL REPORT 2012(4) Interest rate
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ZTE CORPORATIONManagement Discussio
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ANNUAL REPORT 2012CAPITAL EXPENDITU
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ZTE CORPORATIONMaterial Matters(I)M
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ANNUAL REPORT 2012Huawei’s litiga
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ANNUAL REPORT 2012(11) In May 2012,
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ANNUAL REPORT 2012(IV)ASSET TRANSAC
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ANNUAL REPORT 2012(3) Progress of t
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ANNUAL REPORT 20125. Updates on the
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ANNUAL REPORT 20125. Status of liab
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ANNUAL REPORT 2012(VIII) PASSING OF
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ANNUAL REPORT 2012(XIV) SIGNIFICANT
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ANNUAL REPORT 2012At the Thirtieth
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ANNUAL REPORT 2012(4) Creditors and
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ANNUAL REPORT 2012Ruide will still
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ANNUAL REPORT 2012A potential suppl
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ANNUAL REPORT 2012• Pricing and o
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ANNUAL REPORT 2012Guaranteed partyD
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ANNUAL REPORT 2012Note 5:It was app
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ANNUAL REPORT 2012(XVI) UNDERTAKING
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ANNUAL REPORT 2012Changes in Shareh
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ANNUAL REPORT 2012(III)ISSUE AND LI
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Page 107 and 108: ANNUAL REPORT 2012Ms. Qu Xiaohui, b
Page 109 and 110: ANNUAL REPORT 2012Ms. Xu Weiyan, bo
Page 111 and 112: ANNUAL REPORT 2012Mr. Pang Shengqin
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Page 115 and 116: ANNUAL REPORT 2012Name Name of othe
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Page 122 and 123: ZTE CORPORATIONCorporate Governance
Page 125 and 126: ANNUAL REPORT 2012III.Information o
Page 127 and 128: ANNUAL REPORT 2012Finally, the Audi
Page 129 and 130: ANNUAL REPORT 2012With respect to a
Page 131 and 132: ANNUAL REPORT 2012(I)Functions of t
Page 133 and 134: ANNUAL REPORT 2012regular Board of
Page 135 and 136: ANNUAL REPORT 20124. In respect of
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Page 145 and 146: ANNUAL REPORT 2012VIII. Accountabil
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Page 157 and 158: ANNUAL REPORT 2012Consolidated Cash
Page 159 and 160: ANNUAL REPORT 2012Balance Sheet (co
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ANNUAL REPORT 2012Notes to Financia
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ANNUAL REPORT 2012Supplementary Inf
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ANNUAL REPORT 2012Independent Audit
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ANNUAL REPORT 2012Consolidated Stat
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ANNUAL REPORT 2012Statement of Fina
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2012 Annual Report - ZTE

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