2012 Annual Report - ZTE

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)30. Long-term non-current liabilities due within one year2012 2011Long-term loans due within one year 506,286 693,099Bonds cum warrants due within one year 4,018,134 —4,524,420 693,099Long-term loans due within one year are analysed as follows:Originalcurrency2012 2011RMBequivalentOriginalcurrencyRMBequivalentCredit loans RMB 500,000 500,000 — —USD — — 110,000 693,099Guaranteed loans USD 1,000 6,286 — —506,286 693,099As at 31 December 2012, long-term loans due within one year were as follows:LoanDrawdowndateLoan DuedateCurrencyInterest rate(%)Balance at the endof 2012ForeigncurrencyRMBequivalentBalance at the endof 2011ForeigncurrencyRMBequivalentThe Export-Import Bank ofChina 2011.2.1 2013.2.1 RMB Approx. 4% 500,000 500,000 500,000 500,000Shanghai PudongDevelopment Bank 2011.8.11 2013.8.11 USD Approx. 3% 1,000 6,286 1,000 6,301As at 31 December 2012, bonds cum warrants due within one year were as follows:CarryingvalueIssue dateTerm ofthe bondIssueamountLiabilitycost as atthe date ofissueOpeningbalanceInterestaccruablefor theyearInterestpayable forthe yearClosingbalanceBonds cumwarrants RMB100 2008.1.30 5 years 4,000,000 3,381,234 3,884,198 165,936 (32,000) 4,018,134237