Interim Report 2012 - TodayIR.com

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Notes to Financial Statements30 June 201225. INTEREST-BEARING BANK LOANSGroup30 June 2012 31 December 2011EffectiveinterestEffectiveinterestrate (%) Maturity RMB’000 rate (%) Maturity RMB’000CurrentBank loans – secured (a) 6.71 2013 39,990 6.71 2012 40,000Bank loans – secured (b) 2.30 2012 13,858 2.30 2012 13,782Current portion of long termbank loans – secured (a) 6.65 2013 75,789 6.65 2012 75,789129,637 129,571Non-currentBank loans – secured (a) 6.65 2013 37,895129,637 167,466Analysed into:Bank loans repayable:Within one yearor on demand 129,637 129,571In the second year 37,895129,637 167,466(a)Shanghai Xiao Nan Guo Restaurant Co., Ltd., a subsidiary of the Group located in the PRC, entered into an agreement withStandard Chartered Bank (China) Limited, the lender, and Standard Chartered Bank (Hong Kong) Limited, the escrow accountbank, in March 2011 for:a 12-month revolving credit facility of up to RMB40 million; anda 24-month term loan of RMB120 million.The loans were guaranteed by Hai Zhi Yuan and the Company.(b)Xiao Nan Guo Holdings Limited, a subsidiary of the Group, located in Hong Kong, entered into a HK$17 million term loanfacility agreement with Standard Chartered Bank (Hong Kong) Limited in May 2011. The loan facility was guaranteed by theCompany’s parent company and secured by 80% equity interest in the Company.INTERIM REPORT 2012 63
Notes to Financial Statements30 June 201226. DEFERRED TAXThe movements in deferred tax liabilities and assets during the period are as follows:Deferred tax liabilitiesGroup30 June 2012Tax depreciationallowance inexcess ofaccountingCapitalisedexpenses indecorationdepreciation period TotalRMB’000 RMB’000 RMB’000At 1 January 2012 374 1,405 1,779Deferred tax charged/(credited) tothe income statement (note 10) 45 (381) (336)Exchange realignment 5 5Gross deferred tax liabilities at 30 June 2012 419 1,029 1,448Deferred tax assetsGroup30 June 2012Accountingdepreciationin excessof taxLoss availablefor offsettingImpairment of depreciation Deferred Accrued against futurefixed assets allowance lease rental expenses taxable profits TotalRMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000At 1 January 2012 119 1,801 3,050 7,440 8,922 21,332Deferred tax (charged)/creditedto the income statement (note 10) (18) 151 377 3,494 4,022 8,026Exchange realignment 9 4 9 22Gross deferred tax assets at 30 June 2012 101 1,961 3,431 10,934 12,953 29,38064XIAO NAN GUO RESTAURANTS HOLDINGS LIMITED
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CONTENTS2Corporate Information3Fina
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Management Discussion and AnalysisI
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Management Discussion and AnalysisT
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Management Discussion and AnalysisR
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Management Discussion and AnalysisL
Page 13 and 14: Management Discussion and AnalysisH
Page 15 and 16: Independent Auditors’ ReportOpini
Page 17 and 18: Consolidated Statement of Comprehen
Page 19 and 20: Consolidated Statement of Financial
Page 21 and 22: Consolidated Statement of Changes i
Page 23 and 24: Consolidated Statement of Cash Flow
Page 25 and 26: Notes to Financial Statements30 Jun
Page 63: Notes to Financial Statements30 Jun
Page 87 and 88: Other InformationNotes:(1) The lett
Page 89 and 90: Other InformationOutstanding option
Page 91: Other InformationCOMPLIANCE WITH TH
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