2012 Annual Report - ZTE

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ZTE CORPORATIONNotes to Financial Statements(Prepared under Hong Kong Financial Reporting Standards)31 December 201215. PROPERTY, PLANT AND EQUIPMENT (continued)31 December 2012At 31 December 2011 andat 1 January 2012:BuildingsLeaseholdimprovementsCompanyMachinery,computersand officeequipmentMotorvehiclesConstructionin progressTotalRMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000Cost 3,246,435 30,935 3,543,348 258,415 739,549 7,818,682Accumulated depreciation andimpairment (434,220) (28,105) (1,691,191) (104,380) — (2,257,896)Net carrying amount 2,812,215 2,830 1,852,157 154,035 739,549 5,560,786At 1 January 2012, net ofaccumulated depreciation andimpairment 2,812,215 2,830 1,852,157 154,035 739,549 5,560,786Additions 1,513 — 539,634 6,700 280,259 828,106Disposals — — (23,284) (2,672) (4,510) (30,466)Transfer to investment property(note16) (210,793) — (8,843) — (219,368) (439,004)Transfers to subsidiaries — — (12,947) — — (12,947)Depreciation provided duringthe year (118,652) (971) (568,737) (22,362) — (710,722)Transfers 722,223 — 18,993 — (741,216) —At 31 December 2012, net ofaccumulated depreciation andimpairment 3,206,506 1,859 1,796,973 135,701 54,714 5,195,753At 31 December 2012:Cost 3,733,107 4,850 3,907,081 259,588 54,714 7,959,340Accumulated depreciation andimpairment (526,601) (2,991) (2,110,108) (123,887) — (2,763,587)Net carrying amount 3,206,506 1,859 1,796,973 135,701 54,714 5,195,753376
ANNUAL REPORT 2012Notes to Financial Statements(Prepared under Hong Kong Financial Reporting Standards)31 December 201215. PROPERTY, PLANT AND EQUIPMENT (continued)31 December 2011At 31 December 2010 andat 1 January 2011:BuildingsLeaseholdimprovementsCompanyMachinery,computersand officeequipmentMotorvehiclesConstructionin progressTotalRMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000Cost 2,915,435 67,842 2,936,164 234,240 796,915 6,950,596Accumulated depreciation andimpairment (340,272) (59,618) (1,400,754) (99,150) — (1,899,794)Net carrying amount 2,575,163 8,224 1,535,410 135,090 796,915 5,050,802At 1 January 2011, net ofaccumulated depreciation andimpairment 2,575,163 8,224 1,535,410 135,090 796,915 5,050,802Additions — — 739,496 47,759 425,535 1,212,790Disposals — — (34,407) (6,936) — (41,343)Transfers to subsidiaries — — (42,070) — — (42,070)Depreciation provided duringthe year (93,948) (5,394) (498,173) (21,878) — (619,393)Transfers 331,000 — 151,901 — (482,901) —At 31 December 2011, net ofaccumulated depreciation andimpairment 2,812,215 2,830 1,852,157 154,035 739,549 5,560,786At 31 December 2011:Cost 3,246,435 30,935 3,543,348 258,415 739,549 7,818,682Accumulated depreciation andimpairment (434,220) (28,105) (1,691,191) (104,380) — (2,257,896)Net carrying amount 2,812,215 2,830 1,852,157 154,035 739,549 5,560,786As at 31 December 2012, none of the Group’s buildings (2011: certain buildings with a net carrying amount ofRMB6,800,000) and certain of the Group’s machinery equipment with the carrying amount of RMB225,208,000(2011: RMB252,894,000) were pledged to secure bank borrowings granted to the Group(note 34).As at 31 December 2012, RMB683,394,000 of construction in progress (2011: Nil) were pledged to securebank borrowings granted to the Group (note 34).As at 31 December 2012, the Group was in the process of obtaining the real estate title certificates forbuildings located in Nanjing, Shenzhen, Shanghai, Xi’an and An’hui, the PRC, with net carrying value ofapproximately RMB1,128,081,000 (2011: RMB1,253,597,000), RMB1,916,442,000 (2011: RMB1,257,280,000),RMB211,076,000 (2011: RMB346,728,000), RMB203,338,000 (2011: RMB209,667,000) and RMB5,562,000(2011: RMB5,745,000), respectively.377
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ImportantThe Board of Directors, Su
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ANNUAL REPORT 2012DefinitionsIn thi
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ANNUAL REPORT 2012GlossaryThis glos
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ANNUAL REPORT 2012Bearer networkCor
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ANNUAL REPORT 2012Corporate Informa
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ANNUAL REPORT 201210 AuditorsPRCErn
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ZTE CORPORATIONMajor Events of the
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ZTE CORPORATIONHighlights of accoun
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ZTE CORPORATIONHighlights of accoun
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ZTE CORPORATIONReport of the Board
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ANNUAL REPORT 20125. Breakdown of t
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ANNUAL REPORT 2012(3) Assets and li
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ANNUAL REPORT 2012In 2012, the Grou
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ANNUAL REPORT 2012Details in invest
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ANNUAL REPORT 20122. Liquidity risk
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ANNUAL REPORT 20123Change in the us
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ANNUAL REPORT 2012Nature Location T
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ANNUAL REPORT 2012(4) Interest rate
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ZTE CORPORATIONManagement Discussio
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ANNUAL REPORT 2012CAPITAL EXPENDITU
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ZTE CORPORATIONMaterial Matters(I)M
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ANNUAL REPORT 2012Huawei’s litiga
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ANNUAL REPORT 2012(11) In May 2012,
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ANNUAL REPORT 2012(IV)ASSET TRANSAC
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ANNUAL REPORT 2012(3) Progress of t
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ANNUAL REPORT 20125. Updates on the
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ANNUAL REPORT 20125. Status of liab
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ANNUAL REPORT 2012(VIII) PASSING OF
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ANNUAL REPORT 2012(XIV) SIGNIFICANT
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ANNUAL REPORT 2012At the Thirtieth
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ANNUAL REPORT 2012(4) Creditors and
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ANNUAL REPORT 2012Ruide will still
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ANNUAL REPORT 2012A potential suppl
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ANNUAL REPORT 2012• Pricing and o
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ANNUAL REPORT 2012Guaranteed partyD
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ANNUAL REPORT 2012Note 5:It was app
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ANNUAL REPORT 2012(XVI) UNDERTAKING
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ANNUAL REPORT 2012Changes in Shareh
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ANNUAL REPORT 2012(III)ISSUE AND LI
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ANNUAL REPORT 2012Shareholdings of
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ANNUAL REPORT 2012Aerospace Guangyu
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ANNUAL REPORT 2012Directors, Superv
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ANNUAL REPORT 2012Ms. Qu Xiaohui, b
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ANNUAL REPORT 2012Ms. Xu Weiyan, bo
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ANNUAL REPORT 2012Mr. Pang Shengqin
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ANNUAL REPORT 2012(II)CHANGES IN TH
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ANNUAL REPORT 2012Name Name of othe
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ANNUAL REPORT 2012Note 7: Ms. Qu Xi
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ZTE CORPORATIONDirectors, Superviso
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ZTE CORPORATIONCorporate Governance
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ANNUAL REPORT 2012III.Information o
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ANNUAL REPORT 2012Finally, the Audi
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ANNUAL REPORT 2012With respect to a
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ANNUAL REPORT 2012(I)Functions of t
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ANNUAL REPORT 2012regular Board of
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ANNUAL REPORT 20124. In respect of
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ANNUAL REPORT 2012e) consider the r
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ANNUAL REPORT 2012(III)The Audit Co
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ANNUAL REPORT 2012r) consider the r
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ANNUAL REPORT 2012(IV)Corporate gov
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ANNUAL REPORT 2012VIII. Accountabil
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ANNUAL REPORT 20123. Internal contr
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ANNUAL REPORT 20122. Statement of t
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ANNUAL REPORT 2012Report of the PRC
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ANNUAL REPORT 2012Consolidated Bala
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ANNUAL REPORT 2012Consolidated Inco
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ANNUAL REPORT 2012Consolidated Cash
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ANNUAL REPORT 2012Balance Sheet (co
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ANNUAL REPORT 2012Statement of Chan
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ANNUAL REPORT 2012Notes to Financia
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ANNUAL REPORT 2012Supplementary Inf
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ANNUAL REPORT 2012Supplementary Inf
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ANNUAL REPORT 2012Independent Audit
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ANNUAL REPORT 2012Consolidated Stat
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ANNUAL REPORT 2012Statement of Fina
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