Annual Report 2007 - Hmdatalink.com hm datalink

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Notes to the consolidated financial statementsfor the year ended 31 December 200715. INTEREST IN ASSOCIATES (Continued)Attributableequity interestPlace of establishmentsindirectly heldName of company and operations Paid-up capital by the Group Principal activities PRC USD99,763,600 46.8% Research, development, production,Shanghai Maple Guorun Automobile Company Limited*marketing and sales of sedans and relatedautomobile components in the PRC PRC RMB15,000,000 46.8% Marketing and sales of sedans in the PRCZhejiang Geely Automobile Sales Company Limited # PRC RMB20,000,000 46.8% Marketing and sales of sedans in the PRCZheijiang Geely Holding Group AutomobileSales Company Limited # PRC RMB20,000,000 42.6% Export of sedans outside the PRCGeely International Corporation # PRC RMB30,000,000 46.8% Research and development of sedans andZhejiang Geely Automobile Research Institute Limited #related automobile components in the PRC PRC RMB10,000,000 46.8% Research and development ofNingbo Geely Engine Research Institute Limited #automobile engines in the PRC PRC RMB20,000,000 42.1% Marketing and sales of sedans in the PRCShanghai Maple Automobile Sales Company Limited # PRC RMB151,677,000 46.8% Research, development, production,Zhejiang Ruhoo Automobile Company Limited*marketing and sales of sedans and relatedautomobile components in the PRC PRC RMB235,000,000 46.8% Research, development, production andZhejiang Kingkong Automobile Company Limited*sales of sedans and related automobilecomponents in the PRC PRC RMB10,000,000 42.1% Production of automobile componentsZhejiang Geely Gearbox Limited # in the PRC PRC RMB1,000,000 42.6% Marketing and sales of automobileShanghai Guobang Automobile Parts components in the PRCCompany Limited # PRC USD25,000,000 46.8% Research, development, production, marketingHunan Geely Automobile Components and sales of sedans and relatedCompany Limited*automobile components in the PRC PRC RMB40,000,000 46.8% Production of moulds for automobileShanghai Maple Automobile Mouldsparts and components in the PRCManufacturing Company Limited #Manganese Bronze Holdings plc United Kingdom £6,241,000 22.83% UK-based speciality automotiveand taxi services groupGEELY AUTOMOBILE HOLDINGS LIMITED85ANNUAL REPORT 2 0 0 7
Notes to the consolidated financial statementsfor the year ended 31 December 200715. INTEREST IN ASSOCIATES (Continued)* The Company’s associates are sino-foreign equity joint ventures established in the PRC for a period of 30 to 50years.#Translation of registered name in Chinese for identification purposeThe summarised financial information in respect of the Group’s associates is set out below:2007 2006HK$’000HK$’000Total assets 10,310,038 6,949,568Total liabilities (5,402,959) (3,388,365)Net assets 4,907,079 3,561,203Group’s share of net assets of associates 2,106,516 1,666,999Revenue 12,054,701 6,588,845Profit for the year attributable to equity holders of the associates 757,811 519,611Group’s share of results of associates for the year 351,832 243,23016. INVENTORIES2007 2006HK$’000HK$’000At costs:Raw materials 9,127 5,656Work in progress 1,147 1,000Finished goods 4,224 3,25414,498 9,910GEELY AUTOMOBILE HOLDINGS LIMITED86ANNUAL REPORT 2 0 0 7
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Supplying the SAFEST, the MOST ENER
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Financial Summary and HighlightsFin
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Chairman’s StatementLi Shu Fu,Cha
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