2012 Annual Report - ZTE

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ZTE CORPORATIONNotes to Financial Statements (continued)(Prepared in accordance with PRC ASBEs)(All amounts in RMB’000 unless otherwise stated)(English translation for reference only)V. EXPLANATORY NOTES TO MAJOR ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS(continued)15. Construction in progress (continued)2011BudgetOpeningbalanceIncreaseduring theperiodTransferto fixedassetsClosingbalance Source of fundsLiuxiandong ZTE Industrial ParkPhase I 1,000,000 70,152 731 (70,883) — Internal resourcesNanjing R&D Centre Nil 42,193 5,837 (47,300) 730 Internal resourcesShanghai R&D Centre Phase II Nil 23,808 — (23,049) 759 Internal resourcesXi’an Technology Park Phase II Nil 4,571 — (4,571) — Internal resourcesStaff quarters Nil 623,928 339,260 (349,703) 613,485 Internal resourcesSanya R&D Base Project Nil 1,123 918 — 2,041 Internal resourcesEquipment installation Nil 62,868 176,395 (103,880) 135,383 Internal resourcesXi’an District 2 Phase I Nil 21,408 483,148 — 504,556 Internal resourcesXi’an Technology Park Site A10 Nil 80,894 147,171 (52,302) 175,763 Internal resourcesTechnology Park C3 R&D Centre Nil 38,362 82,017 — 120,379 Internal resourcesHeyuan R&D training CenterPhase I Nil — 87 — 87 Internal resourcesIndustrial Park North Phase II Nil — 94 — 94 Internal resourcesOthers Nil 177,432 65,120 (215,367) 27,185 Internal resourcesTotal: 1,146,739 1,300,778 (867,055) 1,580,462As at 31 December 2012, there was no capitalized interest in the balance of the construction inprogress (31 December 2011: Nil).As at 31 December 2012, construction in progress with a book value of RMB683,394,000 (31 December2011: Nil) was under ownership restriction as they had been pledged as security for borrowings.224
ANNUAL REPORT 2012Notes to Financial Statements (continued)(Prepared in accordance with PRC ASBEs)(All amounts in RMB’000 unless otherwise stated)(English translation for reference only)V. EXPLANATORY NOTES TO MAJOR ITEMS IN THE CONSOLIDATED FINANCIAL STATEMENTS(continued)16. Intangible assets2012CostOpeningbalanceIncreaseduring theyearDecreaseduring theyearClosingbalanceSoftware 387,537 173,930 (122,496) 438,971Technology know-how 6,984 3,705 — 10,689Land use right 950,235 240,815 (200,876) 990,174Operating concessions 335,490 — (112,585) 222,905Accumulated amortization1,680,246 418,450 (435,957) 1,662,739Software 288,433 71,603 (47,108) 312,928Technology know-how 4,435 396 — 4,831Land use right 63,005 17,233 (5,414) 74,824Operating concessions 123,105 53,691 — 176,796Net book value478,978 142,923 (52,522) 569,379Software 99,104 102,327 (75,388) 126,043Technology know-how 2,549 3,309 — 5,858Land use right 887,230 223,582 (195,462) 915,350Operating concessions 212,385 (53,691) (112,585) 46,109Provision for impairment1,201,268 275,527 (383,435) 1,093,360Software — — — —Technology know-how — — — —Land use right 6,322 — — 6,322Operating concessions — — — —Book value6,322 — — 6,322Software 99,104 102,327 (75,388) 126,043Technology know-how 2,549 3,309 — 5,858Land use right 880,908 223,582 (195,462) 909,028Operating concessions 212,385 (53,691) (112,585) 46,1091,194,946 275,527 (383,435) 1,087,038225
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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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ANNUAL REPORT 2012Shareholdings of
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ANNUAL REPORT 2012Aerospace Guangyu
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ANNUAL REPORT 2012Directors, Superv
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ANNUAL REPORT 2012Ms. Qu Xiaohui, b
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ANNUAL REPORT 2012Ms. Xu Weiyan, bo
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ANNUAL REPORT 2012Mr. Pang Shengqin
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ANNUAL REPORT 2012(II)CHANGES IN TH
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ANNUAL REPORT 2012Name Name of othe
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ANNUAL REPORT 2012Note 7: Ms. Qu Xi
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ZTE CORPORATIONDirectors, Superviso
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ZTE CORPORATIONCorporate Governance
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ANNUAL REPORT 2012III.Information o
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ANNUAL REPORT 2012Finally, the Audi
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ANNUAL REPORT 2012With respect to a
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ANNUAL REPORT 2012(I)Functions of t
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ANNUAL REPORT 2012regular Board of
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ANNUAL REPORT 20124. In respect of
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ANNUAL REPORT 2012e) consider the r
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ANNUAL REPORT 2012(III)The Audit Co
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ANNUAL REPORT 2012r) consider the r
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ANNUAL REPORT 2012(IV)Corporate gov
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ANNUAL REPORT 2012VIII. Accountabil
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ANNUAL REPORT 20123. Internal contr
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ANNUAL REPORT 20122. Statement of t
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ANNUAL REPORT 2012Report of the PRC
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ANNUAL REPORT 2012Consolidated Bala
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ANNUAL REPORT 2012Consolidated Inco
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ANNUAL REPORT 2012Consolidated Cash
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ANNUAL REPORT 2012Balance Sheet (co
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ANNUAL REPORT 2012Statement of Chan
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ANNUAL REPORT 2012Notes to Financia
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ANNUAL REPORT 2012Supplementary Inf
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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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