2012 Annual Report - ZTE

More documents

Recommendations

Info

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)VI.RELATIONSHIPS AND TRANSACTIONS WITH RELATED PARTIES (continued)5. Major transactions between the Group and related parties (continued)(2) Leasing with related parties: (continued)2011Shenzhen ZhongxingxinTelecommunications EquipmentCompany LimitedZhongxing Development CompanyLimited**Property Starting EndingLeaseleased date dateGainOffice 4/18/2010 4/17/2013 8,827Office 4/18/2007 4/17/2013 40,593三河中興發展有限公司 Office 3/18/2011 3/17/2013 827三河中興物業服務有限公司 Office 3/18/2011 3/17/2013 166Chongqing Zhongxing Development Office 10/23/2008 10/22/2011 4,430Company LimitedOffice 10/23/2011 12/31/2011 1,050(3) Guarantees for related parties:Receiving guarantees from related partiesIn 2012 and 2011, no guarantee was provided by related parties to any subsidiary of the Group.(4) Transfer of equity interests to related parties2012 2011無錫鴻圖微電子技術有限公司 1,425 —Zhongxing Development Company Limited ** 25,174 —26,599 —(5) Transfer of assets to related parties2012無錫鴻圖微電子技術有限公司 Sale of intangible assets 25,310無錫鴻圖微電子技術有限公司 Sale of fixed assets 46625,776(6) Other major related transactions2012 2011Amount Percentage (%) Amount Percentage (%)Remuneration of keymanagement personnel 9,272 0.07% 25,489 0.19%260
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)VI.RELATIONSHIPS AND TRANSACTIONS WITH RELATED PARTIES (continued)5. Major transactions between the Group and related parties (continued)(6) Other major related transactions (continued)Notes:(i) Commercial transactions with related parties: Commercial transactions with related parties was conducted by theGroup at market price during the year.(ii) Leasing property from related parties: Office space was leased to the aforesaid related parties by theGroup during the year and lease income of RMB16,500,000 (2011:RMB2,139,000) was recognized in accordance with relevant leasecontracts.Office space was leased from related parties by the Group during theyear and lease costs of RMB59,774,000 (2011: RMB55,893,000 wasrecognized in accordance with relevant lease contracts.(iii) Guarantee for related parties: This year, the Company has not provided new guarantees for relatedparties.(iv) Other major related transactions: The total amount of remuneration (in the form of monetary amounts,physical rewards or otherwise) for the key management personnelof the Company incurred the Group for the year was RMB9,272,000(2011: RMB25,489,000). There was no cost for share-based payment(2011: RMB1,174,000).6. Commitments with related parties(1) In December 2012, the Group entered into a purchase agreement for a term of 3 years withShenzhen Zhongxingxin Telecommunications Equipment Company Limited and subsidiaries forthe purchase of raw materials for use in production. The maximum amounts of total purchasesby the Group from the said related companies for the years 2013–2015 are estimated at RMB900million, RMB1,000 million and RMB1,100 million (before VAT), respectively.(2) In December 2012, the Group entered into a purchase agreement for a term of 3 years with MobiAntenna Technologies (Shenzhen) Company Limited for the purchase of raw materials for use inproduction. The maximum amounts of total purchases by the Group for the years 2013–2015 areestimated at RMB600 million, RMB800 million and RMB900 million (before VAT), respectively.(3) In June 2012, the Group entered into a purchase agreement for a term of 1 year with HuatongTechnology Company Limited for the purchase of software and outsourcing services. For detailsof purchases conducted during the year, please refer to Note VI. 5 (1). The maximum amount oftotal purchases by the Group for 2013 is estimated at RMB78 million (before VAT).(4) In June 2012, the Group entered into a purchase agreement for a term of 1 year with ZTE SoftwareTechnology (Nanchang) Company Limited for the purchase of software and outsourcing services.For details of purchases conducted during the year, please refer to Note VI. 5 (1)The maximumamount of total purchases by the Group for 2013 is estimated at RMB33 million (before VAT).261
Page 2 and 3:
ImportantThe Board of Directors, Su
Page 5 and 6:
ANNUAL REPORT 2012DefinitionsIn thi
Page 7 and 8:
ANNUAL REPORT 2012GlossaryThis glos
Page 9 and 10:
ANNUAL REPORT 2012Bearer networkCor
Page 11 and 12:
ANNUAL REPORT 2012Corporate Informa
Page 13:
ANNUAL REPORT 201210 AuditorsPRCErn
Page 20 and 21:
ZTE CORPORATIONMajor Events of the
Page 22 and 23:
ZTE CORPORATIONHighlights of accoun
Page 24 and 25:
ZTE CORPORATIONHighlights of accoun
Page 28 and 29:
ZTE CORPORATIONReport of the Board
Page 30 and 31:
Page 33 and 34:
ANNUAL REPORT 20125. Breakdown of t
Page 35 and 36:
ANNUAL REPORT 2012(3) Assets and li
Page 37 and 38:
ANNUAL REPORT 2012In 2012, the Grou
Page 39 and 40:
ANNUAL REPORT 2012Details in invest
Page 41:
ANNUAL REPORT 20122. Liquidity risk
Page 45 and 46:
ANNUAL REPORT 20123Change in the us
Page 48 and 49:
Page 51 and 52:
ANNUAL REPORT 2012Nature Location T
Page 53 and 54:
ANNUAL REPORT 2012(4) Interest rate
Page 56:
ZTE CORPORATIONManagement Discussio
Page 59:
ANNUAL REPORT 2012CAPITAL EXPENDITU
Page 62:
ZTE CORPORATIONMaterial Matters(I)M
Page 65 and 66:
ANNUAL REPORT 2012Huawei’s litiga
Page 67 and 68:
ANNUAL REPORT 2012(11) In May 2012,
Page 69 and 70:
ANNUAL REPORT 2012(IV)ASSET TRANSAC
Page 71 and 72:
ANNUAL REPORT 2012(3) Progress of t
Page 73 and 74:
ANNUAL REPORT 20125. Updates on the
Page 75 and 76:
ANNUAL REPORT 20125. Status of liab
Page 77 and 78:
ANNUAL REPORT 2012(VIII) PASSING OF
Page 79 and 80:
ANNUAL REPORT 2012(XIV) SIGNIFICANT
Page 81 and 82:
ANNUAL REPORT 2012At the Thirtieth
Page 83 and 84:
ANNUAL REPORT 2012(4) Creditors and
Page 85 and 86:
ANNUAL REPORT 2012Ruide will still
Page 87 and 88:
ANNUAL REPORT 2012A potential suppl
Page 89 and 90:
ANNUAL REPORT 2012• Pricing and o
Page 91 and 92:
ANNUAL REPORT 2012Guaranteed partyD
Page 93 and 94:
ANNUAL REPORT 2012Note 5:It was app
Page 95 and 96:
ANNUAL REPORT 2012(XVI) UNDERTAKING
Page 97 and 98:
ANNUAL REPORT 2012Changes in Shareh
Page 99 and 100:
ANNUAL REPORT 2012(III)ISSUE AND LI
Page 101 and 102:
ANNUAL REPORT 2012Shareholdings of
Page 103 and 104:
ANNUAL REPORT 2012Aerospace Guangyu
Page 105 and 106:
ANNUAL REPORT 2012Directors, Superv
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
Page 113 and 114:
ANNUAL REPORT 2012(II)CHANGES IN TH
Page 115 and 116:
ANNUAL REPORT 2012Name Name of othe
Page 117:
ANNUAL REPORT 2012Note 7: Ms. Qu Xi
Page 120 and 121:
ZTE CORPORATIONDirectors, Superviso
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
Page 137 and 138:
ANNUAL REPORT 2012e) consider the r
Page 139 and 140:
ANNUAL REPORT 2012(III)The Audit Co
Page 141 and 142:
ANNUAL REPORT 2012r) consider the r
Page 143 and 144:
ANNUAL REPORT 2012(IV)Corporate gov
Page 145 and 146:
ANNUAL REPORT 2012VIII. Accountabil
Page 147 and 148:
ANNUAL REPORT 20123. Internal contr
Page 149 and 150:
ANNUAL REPORT 20122. Statement of t
Page 151 and 152:
ANNUAL REPORT 2012Report of the PRC
Page 153 and 154:
ANNUAL REPORT 2012Consolidated Bala
Page 155 and 156:
ANNUAL REPORT 2012Consolidated Inco
Page 157 and 158:
ANNUAL REPORT 2012Consolidated Cash
Page 159 and 160:
ANNUAL REPORT 2012Balance Sheet (co
Page 161 and 162:
ANNUAL REPORT 2012Statement of Chan
Page 163 and 164:
ANNUAL REPORT 2012Notes to Financia
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212: ANNUAL REPORT 2012Notes to Financia
Page 261: ANNUAL REPORT 2012Notes to Financia
Page 311 and 312: ANNUAL REPORT 2012Supplementary Inf
Page 313 and 314:
ANNUAL REPORT 2012Supplementary Inf
Page 315 and 316:
ANNUAL REPORT 2012Independent Audit
Page 317 and 318:
ANNUAL REPORT 2012Consolidated Stat
Page 319 and 320:
Page 321 and 322:
Page 323 and 324:
Page 325 and 326:
ANNUAL REPORT 2012Statement of Fina
Page 327 and 328:
Page 329 and 330:
Page 331 and 332:
Page 333 and 334:
Page 335 and 336:
Page 337 and 338:
Page 339 and 340:
Page 341 and 342:
Page 343 and 344:
Page 345 and 346:
Page 347 and 348:
Page 349 and 350:
Page 351 and 352:
Page 353 and 354:
Page 355 and 356:
Page 357 and 358:
Page 359 and 360:
Page 361 and 362:
Page 363 and 364:
Page 365 and 366:
Page 367 and 368:
Page 369 and 370:
Page 371 and 372:
Page 373 and 374:
Page 375 and 376:
Page 377 and 378:
Page 379 and 380:
Page 381 and 382:
Page 383 and 384:
Page 385 and 386:
Page 387 and 388:
Page 389 and 390:
Page 391 and 392:
Page 393 and 394:
Page 395 and 396:
Page 397 and 398:
Page 399 and 400:
Page 401 and 402:
Page 403 and 404:
Page 405 and 406:
Page 407 and 408:
Page 409 and 410:
Page 411 and 412:
Page 413 and 414:
Page 415 and 416:
Page 417 and 418:
Page 419 and 420:
Page 421 and 422:
Page 423 and 424:
Page 425 and 426:
Page 427 and 428:
Page 429 and 430:
Page 431 and 432:
Page 433 and 434:
show all

2012 Annual Report - ZTE

Create successful ePaper yourself

Delete template?

Save as template?