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 201119. Interests in Associates (Continued)The Group has significant influence over MBH and Ningbo DIPO Traffic Facilities Co., Ltd through the power tonominate representative on the board.The summarised financial information in respect of the Group’s associates are set out below:2011 2010RMB’000RMB’000Total assets 1,179,196 751,128Total liabilities (632,487) (405,850)Net assets 546,709 345,278Group’s share of net assets of associates 164,874 81,818Revenue 944,643 715,672Loss for the year attributable to equity holders of the associates (47,779 ) (56,970 )Group’s share of results of associates for the year (7,199 ) (7,302 )20. Inventories2011 2010RMB’000RMB’000At costs:Raw materials 681,515 487,777Work in progress 288,160 195,721Finished goods 387,831 303,0971,357,506 986,59595
Annual Report 2011Geely Automobile Holdings LimitedNOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTSFor the year ended 31 December 201121. Trade and Other Receivables2011 2010Note RMB’000 RMB’000Trade and notes receivablesTrade receivables– Third parties 951,550 962,228– Related companies controlled by thesubstantial shareholder of the Company 766,887 487,846(a) 1,718,437 1,450,074Notes receivable (b) 8,832,267 6,073,98710,550,704 7,524,061Deposit, prepayment and other receivablesPrepayment to suppliers– Third parties 106,201 214,367– Related companies controlled by thesubstantial shareholder of the Company 499,927 1,382,045606,128 1,596,412Deposits paid for acquisition of property,plant and equipment 237,203 298,316VAT and other taxes receivables 614,733 318,881Utility deposits and other receivables 191,524 175,2911,649,588 2,388,900Amounts due from related parties controlledby the substantial shareholder of the Company (c) 12,635 –Amount due from ultimate holding company (c) 1,764 –1,663,987 2,388,90012,214,691 9,912,961(a)Trade receivablesThe Group allows an average credit period of 30 days to 90 days to its local PRC trade customers. Thefollowing is an aged analysis of the trade receivables of local PRC trade customers based on invoice datesat the balance sheet dates:2011 2010RMB’000RMB’0000 – 60 days 653,886 588,08061 – 90 days 35,807 55,170Over 90 days 155,219 144,354844,912 787,60496
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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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0175 Geely Automobile Holdings Limited Annual Report 2011

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