2012 Annual Report - ZTE

ZTE CORPORATIONNotes to Financial Statements(Prepared under Hong Kong Financial Reporting Standards)31 December 20127. FINANCE COSTSAn analysis of finance costs is as follows:Group2012 2011Notes RMB’000 RMB’000Interest on bank loans wholly repayable within five years 856,066 691,954Interest on bonds cum warrants 35 165,936 160,408Interest on bonds payable 36 142,781 —Total interest expense on financial liabilitiesnot at fair value through profit or loss 1,164,783 852,362Other finance costs:Finance costs on trade receivables factoredand bills discounted 723,698 521,8011,888,481 1,374,1638. DIRECTORS’, CHIEF EXECUTIVES’ AND SUPERVISORS’ REMUNERATIONDirectors’, chief executives’ and supervisors’ remuneration for the year, disclosed pursuant to the ListingRules and Section 161 of the Hong Kong Companies Ordinance, are as follows:Group2012 2011RMB’000 RMB’000Fees — —Other emoluments of directors, chief executives and supervisors:Salaries, bonuses, allowances and welfare 4,164 4,144Performance related bonuses* 755 6,127Equity-settled share option expense — 30Retirement benefit scheme contributions 68 1104,987 10,411* Certain executive directors of the Company are entitled to bonus payments which are determined based on their work performance.366