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Glorious Property
114
Annual Report 2011
Notes to the Consolidated Financial Statements
(Continued)
31 December 2011
5 Segment Information
(Continued)
RMB’000
Shanghai
Region
Yangtze
River Delta
(excluding
Shanghai)
Pan Bohai
Rim
Northeast
China
Others Elimination
Total
As at 31 December 2011
Total segment assets
29,870,673 28,497,850 6,453,050 9,318,674 16,280,377 (43,481,468) 46,939,156
Total segment assets include:
Investment in an associate
6,189
—
—
—
—
— 6,189
Investment in a jointly controlled entity
25,767
—
—
—
—
— 25,767
Deferred income tax assets
308,027
Other unallocated corporate assets
3,456,984
Total assets
50,704,167
As at 31 December 2010
Total segment assets
24,253,724 19,408,164 6,272,495 4,288,017 9,296,739 (24,218,153) 39,300,986
Total segment assets include:
Investment in an associate
5,851
—
—
—
—
— 5,851
Investment in a jointly controlled entity
29,910
—
—
—
—
— 29,910
Deferred income tax assets
201,167
Other unallocated corporate assets
2,823,968
Total assets
42,326,121
RMB’000
2011
2010
Segment results
3,248,386
2,794,848
Fair value changes of investment properties
677,136
2,452,402
Grant income
—
665,160
Depreciation and amortisation
(20,297)
(12,221)
Loss on redemption of a financial liability
(27,140)
(33,768)
Operating profit
3,878,085
5,866,421
Interest income
145,466
99,558
Finance costs
(2,526)
(3,750)
Profit before income tax
4,021,025
5,962,229
Additions to:
— Property, plant and equipment
167,339
93,618
— Investment properties
598,613
169,068
— Intangible assets
—
1,800
Analysis of revenue by category
RMB’000
2011
2010
Sales of properties
9,581,735
7,109,960
Others
3,708
4,065
Total
9,585,443
7,114,025
The Group has a number of customers. No revenue from a customer exceeds 10% or more of the Group’s revenue.