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 201140. Balance Sheet of the Company2011 2010Note RMB’000 RMB’000Non-current assetsProperty, plant and equipment 124 93Investments in subsidiaries 41 293,697 293,697Investment in an associate 97,788 97,788391,609 391,578Current assetsOther receivables 1,622 1,040Amounts due from subsidiaries (a) 3,861,827 3,887,129Bank balances and cash 76,861 195,1753,940,310 4,083,344Current liabilitiesOther payables 11,164 27,931Borrowings 127,600 17,600138,764 45,531Net current assets 3,801,546 4,037,813Total assets less current liabilities 4,193,155 4,429,391Capital and reservesShare capital 28 139,573 139,279Reserves (b) 2,526,822 2,807,100Total equity 2,666,395 2,946,379Non-current liabilitiesConvertible bonds 24 1,526,760 1,483,0124,193,155 4,429,391Note: (a) The amounts due from subsidiaries are unsecured, interest-free and have no fixed repayment terms.(b)The movement of reserves represents:2011 2010RMB’000RMB’000At 1 January 2,807,100 2,969,726Shares issued under share option scheme 13,556 103,974Recognition of share-based payments 137,150 273,437Loss for the year (260,568) (391,685)Dividends paid (170,416) (148,352)At 31 December 2,526,822 2,807,100125
Annual Report 2011Geely Automobile Holdings LimitedNOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTSFor the year ended 31 December 201141. SubsidiariesInvestments in subsidiaries represent unlisted shares at cost.Name of companyPlace ofincorporation/registration andoperationsIssued and fullypaid shares/registered capitalPercentageof equityinterests heldPrincipal activitiesDirectlyIndirectlyCenturion IndustriesLimitedValue Century GroupLimitedGeely International LimitedZhejiang Fulin GuorunAutomobile Parts &Components Co., Ltd.*British Virgin Islands USD1 100% – Investment holdingBritish Virgin Islands USD1 100% – Investment holdingHong Kong HK$2 100% – InactivePRC USD15,959,200 – 100% Research, production,marketing andsales of automobileparts and relatedcomponents in thePRCLinkstate Overseas Limited British Virgin Islands USD1 100% – InactiveLuckview Group Limited British Virgin Islands USD1 100% – Investment holdingLuck Empire InvestmentLimitedHong Kong HK$1 – 100% Investment holdingDSI Holdings Pty Limited Australia A$54,563,403 100% – Design, developmentand manufacturingof automatictransmissionsShanghai LTI AutomobileComponents CompanyLimited^Zhejiang KingkongAutomobile Parts &Components R&DCompany Limited*PRC USD54,297,150 – 51% Research, development,production,marketing andsales of sedans andrelated automobilecomponents in thePRCPRC USD14,900,000 – 100% Research anddevelopment ofautomobile parts andcomponents in thePRC126
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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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