0175 Geely Automobile Holdings Limited Annual Report 2011

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Annual Report 2011Geely Automobile Holdings LimitedNOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTSFor the year ended 31 December 201135. Connected and Related Party TransactionsCertain transactions fell under the definition of continuing connected transactions under the Listing Rules aredisclosed in Directors’ Report.In addition to the transactions/information disclosed elsewhere in these consolidated financial statements, duringthe year, the Group had the following material transactions with connected and related parties:(a)Transactions2011 2010Name of related parties Nature of transactions RMB’000 RMB’000Related companies (note 1)Zhejiang Geely Automobile Sales of complete knock down kits 7,142,663 6,370,985Company Limitedand sedan tool kits(Formerly known as Sales of automobile parts 2,975 844“Zhejiang Geely Merrie and componentsAutomobile Company Claims income on defective 53,020 58,136Limited”)materials purchased( Purchase of complete buildup units 7,493,858 6,678,538( Purchase of automobile parts 3,066 128))and componentsSub-contracting fee paid 22,719 27,335Claims paid on defective 56,002 62,299materials soldAcquisition of property, 4,312 646plant and equipmentAcquisition of subsidiaries/ 762,085 –additional interest in subsidiariesShanghai Maple Automobile Sales of complete and semi knock 2,581,436 3,161,233Company Limiteddown kits and sedan tool kits() Sales of automobile parts 17,549 72,875and componentsClaims income on defective 36,686 30,726materials purchasedPurchase of complete 2,499,488 3,209,146buildup unitsClaims paid on 36,514 30,522defective materials soldPurchase of automobile 795 556parts and componentsAcquisition of property, 304 –plant and equipmentAcquisition of additional interest 116,590 –in subsidiaries113
Annual Report 2011Geely Automobile Holdings LimitedNOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTSFor the year ended 31 December 201135. Connected and Related Party Transactions (Continued)(a)Transactions (Continued)2011 2010Name of related parties Nature of transactions RMB’000 RMB’000Related companies (note 1)Zhejiang Haoqing Automobile Sales of complete knock down 8,114,438 7,313,453Manufacturing Company Limited kits and sedan tool kits() Sales of automobile parts 1,139 1,025and componentsClaims income on defective 95,904 128,985materials purchasedPurchase of complete 8,370,557 7,542,908buildup unitsPurchase of automobile parts 355 79and componentsSub-contracting fee paid 79,552 65,670Claims paid on defective 92,533 123,470materials soldAcquisition of property, 94,244 2,890plant and equipmentResearch and development 9,270 57,154services renderedAcquisition of additional interest 135,010 18,000in subsidiariesSales of property, 1,372 82,854plant and equipmentRental income 1,642 670Zhejiang Geely Automobile Parts Sales of automobile parts 65 244and Components Company and componentsLimited Claims income on defective 47,151 104,446(materials purchased) Purchase of automobile parts 5,458,549 7,514,542and componentsClaims paid on defective – 1,652materials soldShanghai Maple Engine Claims income on defective 10,052 24,771Company Limitedmaterials purchased() Purchase of automobile parts 511,583 882,841and componentsClaims paid on defective – 9,580materials soldZhejiang Automotive Vocational Rental income – 1,639and Technical College()114
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(Stock Code : 0175)
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KeyFiguresTurnover(RMB’Billion)22
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Annual Report 2011Geely Automobile
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Accounts
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CONSOLIDATEDSTATEMENT OF COMPREHENS
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0175 Geely Automobile Holdings Limited Annual Report 2011

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