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129
Glorious Property
Annual Report 2011
Notes to the Consolidated Financial Statements
(Continued)
31 December 2011
17 Cash and Cash Equivalents
(Continued)
COMPANY
RMB’000
2011
2010
Cash at bank and in hand:
Denominated in RMB
254,598
1,907,989
Denominated in US$
16,112
40,123
Denominated in HK$
3,383
3,388
274,093
1,951,500
Less: Restricted cash
(200,000)
—
74,093
1,951,500
The conversion of Renminbi denominated balances into foreign currencies and the remittance of such foreign
currencies denominated bank balances and cash out of the PRC are subject to the relevant rules and regulations of
foreign exchange control promulgated by the PRC government.
Cash at bank earns interest at floating rates based on daily bank deposit rates ranging from 0.0% to 3.1%.
18 Share Capital and Share Premium
Number of
ordinary shares
Nominal
value of
ordinary shares
Equivalent
nominal
value of
ordinary shares
Share
premium
Total
HK$
RMB’000
RMB’000
RMB’000
Authorised:
Ordinary shares of HK$0.01 each
at 1 January 2010, 31 December 2010 and
31 December 2011
38,000,000,000 380,000,000
Issued:
Ordinary shares of HK$0.01 each
at 1 January 2010, 31 December 2010
and 31 December 2011
7,792,645,623
77,926,456
68,745
7,822,982
7,891,727