Annual Report 2012

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Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)58 Operating segments (continued)(1) Geographical segments (continued)2011YangtzeRiver DeltaPearlRiver Delta Bohai Rim Central Western Northeastern Head Office Overseas TotalExternal net interest income 46,645 24,815 27,473 32,486 36,034 11,469 123,007 2,643 304,572Internal net interest income/(expense) 7,534 12,700 18,169 12,322 10,936 7,055 (69,224) 508 –Net interest income 54,179 37,515 45,642 44,808 46,970 18,524 53,783 3,151 304,572Net fee and commission income 21,011 15,556 13,917 13,360 11,845 5,467 4,692 1,146 86,994Net trading gain/(loss) 507 465 290 257 259 121 957 (2,468) 388Dividend income 7 – – 48 11 – 43 49 158Net gain arising from investment securities 64 – 5 434 17 41 1,147 48 1,756Other operating income, net 1,436 378 209 547 863 122 340 1,640 5,535Operating income 77,204 53,914 60,063 59,454 59,965 24,275 60,962 3,566 399,403Operating expenses (27,277) (19,330) (22,096) (24,795) (23,856) (10,622) (13,634) (2,927) (144,537)Impairment losses (8,811) (5,611) (4,218) (4,780) (4,666) (1,604) (5,727) (366) (35,783)Share of profits less losses of associatesand jointly controlled entities – – – (7) – – – 31 24Profit before tax 41,116 28,973 33,749 29,872 31,443 12,049 41,601 304 219,107Capital expenditure 3,631 2,690 3,224 4,522 4,166 1,932 2,546 93 22,804Depreciation and amortisation 2,107 1,451 1,847 2,259 1,978 1,020 1,727 108 12,497Segment assets 2,309,626 1,773,562 2,241,298 1,874,631 1,982,662 769,288 5,140,899 441,119 16,533,085Interests in associates and jointlycontrolled entities – – – – – – – 2,069 2,0692,309,626 1,773,562 2,241,298 1,874,631 1,982,662 769,288 5,140,899 443,188 16,535,154Deferred tax assets 21,410Elimination (4,274,730)Total assets 12,281,834Segment liabilities 2,304,167 1,769,903 2,232,283 1,869,614 1,976,095 766,375 4,402,281 418,827 15,739,545Deferred tax liabilities 358Elimination (4,274,730)Total liabilities 11,465,173Off-balance sheet credit commitments 565,867 365,648 406,115 245,292 233,361 103,085 12,002 50,579 1,981,949(2) Business segmentsBusiness segments, as defined for management reporting purposes, are as follows:Corporate bankingThis segment represents the provision of a range of financial products and services to corporations, government agencies andfinancial institutions. The products and services include corporate loans, trade financing, deposit taking and wealth managementservices, agency services, financial consulting and advisory services, cash management services, remittance and settlement services,custody services and guarantee services, etc.China Construction Bank Corporation annual report 2012157
Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)58 Operating segments (continued)(2) Business segments (continued)Personal bankingThis segment represents the provision of a range of financial products and services to individual customers. The products andservices comprise personal loans, deposit taking and wealth management services, card business, remittance services and agencyservices, etc.Treasury businessThis segment covers the Group’s treasury operations. The treasury enters into inter-bank money market transactions, repurchase andresale transactions, and invests in debt securities. It also trades in derivatives and foreign currency for its own account. The treasurycarries out customer-driven derivatives, foreign currency and precious metal trading. Its function also includes the management of theGroup’s overall liquidity position, including the issuance of debt securities.OthersThese represent equity investments and the revenues, results, assets and liabilities of overseas branches and subsidiaries.2012CorporatebankingPersonalbankingTreasurybusiness Others TotalExternal net interest income/(expenses) 215,820 (4,278) 134,933 6,727 353,202Internal net interest (expenses)/income (39,430) 115,742 (73,653) (2,659) –Net interest income 176,390 111,464 61,280 4,068 353,202Net fee and commission income 40,116 33,181 18,037 2,173 93,507Net trading gain/(loss) 3 448 1,895 (483) 1,863Dividend income – – – 239 239Net gain arising from investment securities – – 671 2,865 3,536Other operating income, net 441 242 871 8,632 10,186Operating income 216,950 145,335 82,754 17,494 462,533Operating expenses (67,759) (85,831) (5,651) (11,840) (171,081)Impairment losses (30,697) (7,841) (831) (672) (40,041)Share of profits less losses of associates andjointly controlled entities – – – 28 28Profit before tax 118,494 51,663 76,272 5,010 251,439Capital expenditure 9,195 20,498 1,043 3,720 34,456Depreciation and amortisation 4,066 9,064 461 298 13,889Segment assets 5,368,220 2,167,249 6,065,163 477,840 14,078,472Interests in associates and jointly controlled entities – – – 2,366 2,3665,368,220 2,167,249 6,065,163 480,206 14,080,838Deferred tax assets 27,051Elimination (135,061)Total assets 13,972,828Segment liabilities 6,529,675 5,744,452 335,719 548,102 13,157,948Deferred tax liabilities 332Elimination (135,061)Total liabilities 13,023,219Off-balance sheet credit commitments 1,641,277 317,226 – 57,796 2,016,299158 China Construction Bank Corporation annual report 2012
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Annual Report 2012China Constructio
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DEFINITIONSIn this annual report, u
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INTRODUCTIONHeadquartered in Beijin
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2 CORPORATE INFORMATIONLegal name a
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2 CORPORATE INFORMATIONForbes Ranke
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3 CHAIRMAN’S STATEMENTDear shareh
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4 PRESIDENT’S REPORTDear sharehol
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5 MANAGEMENT DISCUSSION AND ANALYSI
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6 CHANGES IN SHARE CAPITAL AND PART
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6 CHANGES IN SHARE CAPITAL AND PART
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7 CORPORATE GOVERNANCE REPORT7.2 BO
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7 CORPORATE GOVERNANCE REPORTBoard
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7 CORPORATE GOVERNANCE REPORTImpact
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7 CORPORATE GOVERNANCE REPORTAudit
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7 CORPORATE GOVERNANCE REPORTNomina
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7 CORPORATE GOVERNANCE REPORTCompos
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7 CORPORATE GOVERNANCE REPORTIn 201
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7 CORPORATE GOVERNANCE REPORTEffect
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8 PROFILES OF DIRECTORS, SUPERVISOR
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9 REPORT OF THE BOARD OF DIRECTORSP
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9 REPORT OF THE BOARD OF DIRECTORSD
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10 REPORT OF THE BOARD OF SUPERVISO
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11 MAJOR ISSUESMaterial litigations
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11 MAJOR ISSUESInterests in non-lis
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Consolidated statement of comprehen
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Statement of financial positionAs a
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Statement of changes in equityFor t
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Consolidated statement of cash flow
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Notes to the financial statements(E
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14 UNAUDITED SUPPLEMENTARY FINANCIA
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15 ORGANISATIONAL STRUCTUREPublic R
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16 BRANCHES AND SUBSIDIARIESTier-on
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16 BRANCHES AND SUBSIDIARIESBranche
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16 BRANCHES AND SUBSIDIARIESChongqi
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16 BRANCHES AND SUBSIDIARIESZhejian
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