2012 Annual Report - ZTE

ZTE CORPORATIONStatement of Financial Position(Prepared under Hong Kong Financial Reporting Standards)31 December 20122012 2011Notes RMB’000 RMB’000NON-CURRENT ASSETSProperty, plant and equipment 15 5,195,753 5,560,786Prepaid land lease payments 17 376,597 405,406Intangible assets 18 739,605 800,989Investment properties 16 1,381,593 —Investments in subsidiaries 20 8,583,680 7,248,807Investments in jointly-controlled entities 21 44,559 43,940Investments in associates 22 276,139 295,150Available-for-sale investments 23 323,655 212,448Long-term trade receivables 26 1,199,561 769,914Factored long-term trade receivables 27 3,582,669 4,059,772Deferred tax assets 40 581,507 622,619Pledged deposits 31 3,157,077 949,666Long-term prepayments, deposits and other receivables 19 217,482 540,278Total non-current assets 25,659,877 21,509,775CURRENT ASSETSPrepaid land lease payments 17 8,867 9,309Inventories 24 5,668,033 8,634,564Amount due from customers for contract works 25 8,440,613 12,171,992Trade and bills receivables 26 38,732,887 36,128,157Factored trade receivables 27 3,545,295 3,306,558Prepayments, deposits and other receivables 28 12,883,577 9,583,862Equity investment at fair value through profit or loss 29 44,919 87,180Derivative financial instruments 30 9,389 —Pledged deposits 31 734,069 298,444Cash and cash equivalents 31 15,276,437 13,276,734Total current assets 85,344,086 83,496,800CURRENT LIABILITIESTrade and bills payables 32 47,661,655 43,901,916Amount due to customers for contract works 25 2,600,053 2,401,582Other payables and accruals 33 19,625,334 23,095,349Interest-bearing bank borrowings 34 9,303,325 7,229,127Bank advances on factored trade receivables 27 3,548,713 3,473,193Bonds cum warrants 35 4,018,134 —Derivative financial instruments 30 42,325 —Tax payable 289,624 392,721Dividends payable 152 128Total current liabilities 87,089,315 80,494,016NET CURRENT ASSETS (1,745,229) 3,002,784TOTAL ASSETS LESS CURRENT LIABILITIES 23,914,648 24,512,559continued/…322