Basic HTML Version
Glorious Property
88
Annual Report 2011
Consolidated Balance Sheet
(Continued)
As at 31 December 2011
RMB’000
Note
2011
2010
LIABILITIES
Non-current liabilities
Borrowings
20
5,583,223
7,780,952
Deferred income tax liabilities
21
1,476,239
1,212,088
Obligations under finance lease
22
17,396
17,232
7,076,858
9,010,272
Current liabilities
Advanced proceeds received from customers
6,915,588
6,565,180
Trade and other payables
23
4,751,758
2,458,068
Income tax payable
4,311,586
2,994,321
Borrowings
20
9,302,813
6,005,443
Obligations under finance lease
22
868
868
25,282,613
18,023,880
Total liabilities
32,359,471
27,034,152
Total equity and liabilities
50,704,167
42,326,121
Net current assets
13,830,298
16,264,992
Total assets less current liabilities
25,421,554
24,302,241
Approved by the Board on 30 March 2012 and signed on its behalf by
Zhang Zhi Rong
Cheng Li Xiong
Director
Director
The notes on pages 93 to 150 are an integral part of these consolidated financial statements.