2012 Annual Report - ZTE

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ZTE CORPORATIONNotes to Financial Statements(Prepared under Hong Kong Financial Reporting Standards)31 December 201221. INVESTMENTS IN JOINTLY-CONTROLLED ENTITIESGroupCompany2012 2011 2012 2011RMB’000 RMB’000 RMB’000 RMB’000Unlisted investment, at cost — — 44,559 43,940Share of net assets 19,510 18,891 — —Goodwill on acquisition 27,304 27,304 — —46,814 46,195 44,559 43,940The Group’s balances of trade receivables with jointly-controlled entities are disclosed in notes 26 to thefinancial statements. The amounts due from jointly-controlled entities are unsecured and interest-free.Particulars of the jointly-controlled entities are as follows:NameBestel Communications Limited(“Bestel”)Puxing Mobile TechCompany Limited #( 普興移動通訊設備有限公司 )Place ofincorporation/registrationand operationsRepublic ofCyprusThe PRC/MainlandChinaNominal valueof issued andpaid-up capital/registered capitalOwnershipinterestPercentage ofVotingpowerProfitSharingPrincipal activitiesCYP600,000 50 50 50 Provision oftelecommunicationssolutions and relatedconsultancy servicesRMB128,500,000 34 50 50 Provision oftelecommunicationssolutions and relatedconsultancy services#The English name of this associate is directly translated from its Chinese name.The investment in Bestel is held by a wholly-owned subsidiary of the Company. There was no operatingactivity in 2012.The following table illustrates the summarised financial information of the Group’s jointly-controlled entities:2012 2011RMB’000 RMB’000Share of the jointly-controlled entities’ assets and liabilitiesAssets 142,496 152,652Liabilities 122,986 133,761Net assets 19,510 18,891Share of the jointly-controlled entities’ resultsRevenue 128,885 218,339Profit before tax 619 440Tax — —Profit after tax 619 440384
ANNUAL REPORT 2012Notes to Financial Statements(Prepared under Hong Kong Financial Reporting Standards)31 December 201222. INVESTMENTS IN ASSOCIATESGroupCompany2012 2011 2012 2011RMB’000 RMB’000 RMB’000 RMB’000Unlisted shares, at cost — — 285,913 304,924Share of net assets 408,954 467,896 — —408,954 467,896 285,913 304,924Provision for impairment — — (9,774) (9,774)408,954 467,896 276,139 295,150The Group’s balances of trade receivables and trade payables with associates are disclosed in notes 26 and32 to the financial statements, respectively.Particulars of the principal associates are as follows:NameWuxi Kaier Technology Co., Ltd. # *( 無錫凱爾科技有限公司 )ZTE Energy Co,. Ltd. # *( 中興能源有限公司 )Sizhuo Zhongxing HangzhouTechnology Co.,Ltd # *( 思卓中興 ( 杭州 ) 科技有限公司 )Wuxi Hongtu Micro-electronicTechnology Co., Ltd # *( 無錫鴻圖微電子技術有限公司 )Shenzhen Zhongxing Hetai HotelInvestment and ManagementCo., Ltd # *( 深圳市中興和泰酒店投資管理有限公司 )Xingtian CommunicationTechnology (Tianjin) Co., Ltd # *( 興天通訊技術 ( 天津 ) 有限公司 )Place ofregistration andoperationsThe PRC/MainlandChinaThe PRC/MainlandChinaThe PRC/MainlandChinaThe PRC/MainlandChinaThe PRC/MainlandChinaThe PRC/MainlandChinaNominal value ofissued and paid-upcapital/registeredcapitalPercentage ofownership interestattributable to theGroupPrincipal activitiesRMB11,332,729 42.64** Development, manufactureand sale of cameralenses for mobile phonesRMB1,290,000,000 23.26 Research, development andsale of biological energyand new energyUSD7,000,000 49.00 Research and sale ofcommunication deviceRMB62,860,000 35.00** Design IC elementRMB30,000,000 18.00 Hotel management serviceRMB20,000,000 30.00** Research and sales ofcommunication device#The English names of these associates are directly translated from their Chinese names.* Not audited by Ernst & Young, Hong Kong or another member firm of the Ernst & Young global network.** These associates are held through a non-wholly-owned subsidiary of the Company which has significant influence over the boardsof directors of these associates.385
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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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2012 Annual Report - ZTE

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