Annual Report 2011 - QuamIR

Notes to the Consolidated Financial StatementsFor the year ended 31 March 201135. Capital Risk Management (continued)Gearing ratio (continued)The gearing ratio at the end of the reporting period was as follow:2011 2010HK$’000HK$’000Debts (Note (i)) – 152,442Cash and cash equivalents (311,810) (216,030)Net debt – –Equity (Note (ii)) 1,660,344 1,070,833Net debt-to-equity ratio Nil NilNotes:(i)(ii)Debts comprise, convertible bonds and promissory note as detailed in notes 27 and 28 respectively.Equity includes all capital, reserves and non-controlling interests.36. Financial Instruments36.1 Categories of financial instrumentsGroup2011 2010HK$’000HK$’000Financial assetsLoans and receivables– Financial assets included in trade and otherreceivables 8,133 5,933– Amount due from a non-controlling interestof a subsidiary 1 22– Bank balances and cash 311,810 216,030Financial liabilitiesFinancial liabilities at amortized cost– Financial liabilities included in trade and otherpayables 10,774 4,600– Amount due to a non-controlling interest ofa subsidiary 8,826 –– Amounts due to related companies 337 –– Convertible bonds – 47,072– Promissory note – 105,370Sino Prosper State Gold Resources Holdings Limited106