Annual Report 2012

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14 UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION(Expressed in millions of RMB, unless otherwise stated)The following information of the Group does not form part of the audited financial statements, and is included herein for information purposesonly.1 Difference between the financial statements prepared under IFRS and thoseprepared in accordance with PRC GAAPChina Construction Bank Corporation (the “Bank”) prepares consolidated financial statements, which include the financial statementsof the Bank and its subsidiaries (collectively the “Group”), in accordance with International Financial Reporting Standards (“IFRS”) andits interpretations promulgated by the International Accounting Standards Board and the applicable disclosure provisions of the RulesGoverning the Listing of Securities on The Stock Exchange of Hong Kong Limited.As a financial institution incorporated in the People’s Republic of China (the “PRC”) and listed in the Shanghai Stock Exchange, the Groupalso prepares its consolidated financial statements for the year ended 31 December 2012 in accordance with the Accounting Standardsfor Business Enterprises and other relevant regulations issued by the regulatory bodies of the PRC (collectively “PRC GAAP andregulations”).There is no difference in the net profit for the year ended 31 December 2012 or total equity as at 31 December 2012 between theGroup’s consolidated financial statements prepared under IFRS and those prepared under PRC GAAP and regulations respectively.2 Liquidity ratiosAs at31 December2012Average forthe year ended31 December2012As at31 December2011Average forthe year ended31 December2011RMB current assets to RMB current liabilities 56.73% 56.65% 53.70% 52.33%Foreign currency current assets to foreign currency current liabilities 58.81% 58.53% 53.54% 51.40%The above liquidity ratios are calculated in accordance with the formula promulgated by the CBRC.The Hong Kong Banking (Disclosure) Rules (the “Rules”) took effect on 1 January, 2007. It requires the disclosure of average liquidity ratio,which is the arithmetic mean of each calendar month’s liquidity ratio. The Group prepared the liquidity ratios on a semi-annual basis and thedisclosed average liquidity ratio is the arithmetic mean of two consecutive liquidity ratios as at 30 June and 31 December.3 Currency concentrationsUSD(RMBequivalent)HKD(RMBequivalent)2012Others(RMBequivalent)Spot assets 524,730 153,916 125,957 804,603Spot liabilities (432,029) (161,150) (178,574) (771,753)Forward purchases 409,707 9,581 232,258 651,546Forward sales (499,732) (5,363) (179,561) (684,656)Net options position 28 – (1) 27TotalNet long/(short) position 2,704 (3,016) 79 (233)Net structural position 12 4,520 7 4,539China Construction Bank Corporation annual report 2012209
14 UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION(Expressed in millions of RMB, unless otherwise stated)3 Currency concentrations (continued)USD(RMBequivalent)HKD(RMBequivalent)2011Others(RMBequivalent)Spot assets 358,091 181,021 119,685 658,797Spot liabilities (276,244) (179,624) (139,599) (595,467)Forward purchases 303,678 11,648 107,787 423,113Forward sales (383,693) (3,648) (79,593) (466,934)TotalNet long position 1,832 9,397 8,280 19,509Net structural position 15 (74) 64 5The net option position is calculated using the delta equivalent approach required by the Hong Kong Monetary Authority (the “HKMA”).The net structural position of the Group includes the structural positions of the Bank’s overseas branches, banking subsidiaries and othersubsidiaries substantially involved in foreign exchange. Structural assets and liabilities include:– investments in property and equipment, net of accumulated depreciation;– capital and statutory reserves of overseas branches; and– investments in overseas subsidiaries and related companies.4 Cross-border claimsThe Group is principally engaged in business operations within Mainland China, and regards all claims on overseas third parties ascross-border claims.For the purpose of this unaudited supplementary financial information, Mainland China excludes Hong Kong Special Administrative Regionof the PRC (“Hong Kong”), Macau Special Administrative Region of the PRC (“Macau”) and Taiwan.Cross-border claims include loans and advances to customers, deposits and placements with banks and non-bank financial institutions,holdings of trade bills and certificates of deposit and investment securities.Cross-border claims have been disclosed by country or geographical area. A country or geographical area is reported where it constitutes10% or more of the aggregate amount of cross-border claims, after taking into account any risk transfers. Risk transfers are only made ifclaims are guaranteed by a party in a country which is different from that of the counterparty or if claims are on an overseas branch of abank whose head office is located in another country.Banks andnon-bankfinancialinstitutions2012Publicsectorentities Others TotalAsia Pacific excluding Mainland China 24,628 1,832 190,776 217,236– of which attributed to Hong Kong 16,581 – 161,805 178,386Europe 1,762 94 18,593 20,449North and South America 25,504 83 80,309 105,896Total 51,894 2,009 289,678 343,581210 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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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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Page 159 and 160: Notes to the financial statements(E
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