2012 Annual Report - ZTE

ANNUAL REPORT 2012Balance Sheet (continued)(Prepared in accordance with PRC ASBEs)(All amounts in RMB’000 unless otherwise stated)(English translation for reference only)Liabilities and shareholders’ equity Note XIII 2012 2011Current liabilitiesShort-term loans 8,803,325 6,536,028Trading financial liabilities 42,325 —Bank advances on factored trade receivables 1 3,548,713 3,473,193Bills payable 13,775,960 11,904,593Trade payables 33,885,695 31,997,323Amount due to customers for contract works 2,600,053 2,401,582Advances from customers 1,765,544 1,608,213Salary and welfare payables 569,587 720,866Taxes payable (1,309,327) (1,628,377)Dividends payable 152 128Other payables 16,553,959 20,133,672Deferred income 133,179 29,483Provisions 159,693 241,134Long-term loans due within one year 4,518,134 693,099Total current liabilities 85,046,992 78,110,937Non-current liabilitiesLong-term loans — 1,130,090Bank advances on factored long-term trade receivables 4 3,582,669 4,059,772Bonds payable 6,107,993 3,884,198Deferred tax liabilities 138,400 —Other non-current liabilities 592,282 622,297Total non-current liabilities 10,421,344 9,696,357Total liabilities 95,468,336 87,807,294Shareholders’ equityShare capital 3,440,078 3,440,078Capital reserves 9,332,663 8,534,677Restricted shares subject to lock-up — (40,537)Surplus reserves 925,674 925,674Retained profits (118,276) 1,309,523Proposed final dividends — 686,190Foreign currency translation differences (17,138) (16,349)Total shareholders’ equity 13,563,001 14,839,256TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 109,031,337 102,646,550157