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Glorious Property
Annual Report 2011
Report of the Directors
(Continued)
Donations
Charitable donations made by the Group during the year amounted to RMB7.5 million (2010: RMB0.6 million).
Property, Plant and Equipment
Details of movements in property, plant and equipment, investment properties, properties under development and
completed properties held for sale of the Group during the year are set out in notes 6, 7, 12 and 13 to the consolidated
financial statements.
Borrowings
Particulars of the borrowings of the Group as at 31 December 2011 are set out in note 20 to the consolidated financial
statements.
Capitalised Borrowing Costs
Borrowing costs capitalised by the Group during the year amounted to approximately RMB1,828.5 million (2010:
RMB1,172.6 million).
Major Properties
Major properties of the Group as at 31 December 2011 are set out on pages 152 to 160 of this annual report.
Share Premium and Reserves
Details of movements in the share premium and reserves of the Company during the year ended 31 December 2011 are
set out in notes 18 and 19 to the consolidated financial statements.
Distributable Reserves
As at 31 December 2011, the reserves of the Company available for distribution to the shareholders amounted to
approximately RMB5,652.2 million (2010: 5,850.9 million).
Share Capital
Details of movements in the share capital of the Company during the year are set out in note 18 to the consolidated
financial statements.
Directors
The Directors of the Company who held office during the year and as at the date of this annual report are:
EXECUTIVE DIRECTORS:
Mr. Zhang Zhi Rong
(Chairman)
Mr. Ding Xiang Yang
(Vice-chairman)
Mr. Cheng Li Xiong
(Chief Executive Officer)
Mr. Liu Ning
(Chief Operating Officer)
Mr. Xia Jing Hua
Mr. Yan Zhi Rong
Mr. Yu Xiu Yang (appointed at the AGM held on 20 May 2011)
Mr. Li Xiao Bin (retired at the AGM held on 20 May 2011)
INDEPENDENT NON-EXECUTIVE DIRECTORS:
Mr. Yim Ping Kuen
Mr. Liu Shun Fai
Mr. Wo Rui Fang
Mr. Han Ping
In accordance with Article 84(1) of the articles of association of the Company, Messrs. Ding Xiang Yang, Yim Ping
Kuen, Liu Shun Fai and Han Ping are due to retire by rotation at the 2012 annual general meeting of the Company. All
of the retiring Directors, being eligible, offer themselves for re-election.