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)43. Administrative expenses2012 2011Wages, welfare and bonuses 856,223 935,246Office expenses 130,381 220,168Amortization and depreciation charges 310,592 306,362Taxes 151,358 201,962Rental fees 161,297 196,614Travelling expenses 96,874 106,296Others 574,747 465,0552,281,472 2,431,70344. Losses from changes in fair values2012 2011Derivative financial instruments (49,456) (77,860)Financial assets at fair value through profit or loss (42,261) (10,815)Investment properties at fair value (15,679) —(107,396) (88,675)45. Investment income2012 2011Investment income from long-term equity investment under equitymethod 48,123 71,305Investment income from long-term equity investment under costmethod 13,069 11,061Investment income from the disposal of trading financial assets 6,908 128,550Investment income from Nationz Technologies — 866,503Investment income from the disposal of available-for-sale financialassets — 5,931Investment gains/(losses) from the disposal of equity interests 1,190,786 (18,801)1,258,886 1,064,549As at 31 December 2012, the Company was not subject to significant restrictions in remitting itsinvestment income.247