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89
Glorious Property
Annual Report 2011
Balance Sheet
As at 31 December 2011
RMB’000
Note
2011
2010
ASSETS
Non-current assets
Interests in subsidiaries
11
7,400,320
6,674,469
Property and equipment
6
73
477
7,400,393
6,674,946
Current assets
Prepayments
15
544
415
Restricted cash
16
200,000
—
Cash and cash equivalents
17
74,093
1,951,500
274,637
1,951,915
Total assets
7,675,030
8,626,861
EQUITY
Capital and reserves attributable to
the Company’s equity holders
Share capital
18
68,745
68,745
Share premium
18
7,822,982
7,822,982
Reserves
19
(2,170,748)
(1,972,055)
Total equity
5,720,979
5,919,672
LIABILITIES
Non-current liabilities
Borrowings
20
1,897,100
1,969,617
Current liabilities
Trade and other payables
23
6,214
7,133
Amounts due to subsidiaries
24
50,737
730,439
56,951
737,572
Total liabilities
1,954,051
2,707,189
Total equity and liability
7,675,030
8,626,861
Net current assets
217,686
1,214,343
Total assets less current liabilities
7,618,079
7,889,289
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.