2012 Annual Report - ZTE

ANNUAL REPORT 2012Statement of Financial Position (continued)(Prepared under Hong Kong Financial Reporting Standards)31 December 20122012 2011Notes RMB’000 RMB’000TOTAL ASSETS LESS CURRENT LIABILITIES 23,914,648 24,512,559NON-CURRENT LIABILITIESBonds payable 36 6,107,993 3,884,198Interest-bearing bank borrowings 34 — 1,130,090Bank advances on factored long-term trade receivables 27 3,582,669 4,059,772Financial guarantee contract 48 3,689 3,689Deferred tax liabilities 40 138,400 —Provision for retirement benefits 37 54,041 48,716Other long-term payables 534,552 569,892Total non-current liabilities 10,421,344 9,696,357Net assets 13,493,304 14,816,202EQUITYIssued capital 41 3,440,078 3,440,078Shares subject to lock-up under the Share Incentive Scheme 44 — (40,537)Reserves 43 10,053,226 10,730,471Proposed final dividend 12 — 686,190Total equity 13,493,304 14,816,202Hou WeiguiDirectorShi LirongDirector323