深赤湾Ｂ：审计报告（英文版） .ppt

SHENZHEN CHIWAN WHARF HOLDINGS LIMITED,FINANCIAL STATEMENTS ANDREPORT OF THE AUDITORS,FOR THE YEAR ENDED 31 DECEMBER 2011,English Translation for Reference Only.Should there be any inconsistencybetween the Chinese and English versions,the Chinese version shall prevail.,3-4,5,6,7,8,SHENZHEN CHIWAN WHARF HOLDINGS LIMITEDEnglish translation for reference only,ContentsFinancial Statements and Report of the Auditors for the yearended 31 December 2011Report of the auditorsConsolidated and Companys balance sheetsConsolidated and Companys income statementsConsolidated and Companys cash flow statementsConsolidated statement of changes in owners equityCompanys statement of changes in owners equityNotes to financial statementsSupplementary information to financial statements,Page1-29-122123-125,English translation for reference only,Report of Auditors,PwC ZT Shen Zi(2012)No.10030,(Page 1 of 2),To the Shareholders of Shenzhen Chiwan Wharf Holdings Limited：,We have audited the accompanying financial statements of Shenzhen Chiwan Wharf Holdings Limited(hereinafter“Chiwan Wharf”),which comprise the consolidated and company balance sheets as at 31December 2011,and the consolidated and company income statements,the consolidated andcompany statements of changes in shareholders equity and the consolidated and company cash flowstatements for the year then ended,and the notes to the financial statements.,Managements Responsibility for the Financial Statements,Management of Chiwan Wharf is responsible for the preparation and fair presentation of thesefinancial statements in accordance with the requirements of Accounting Standards for BusinessEnterprises,and for such internal control as management determines is necessary to enable thepreparation of financial statements that are free from material misstatement,whether due to fraud orerror.,Auditors Responsibility,Our responsibility is to express an opinion on these financial statements based on our audit.Weconducted our audit in accordance with the China Standards on Auditing.Those standards requirethat we comply with ethical requirements and plan and perform the audit to obtain reasonableassurance whether the financial statements are free from material misstatement.,普华永道中天会计师事务所有限公司,PricewaterhouseCoopers Zhong Tian CPAs Limited Company,11/F PricewaterhouseCoopers Center2 Corporate Avenue,202 Hu Bin Road,Luwan District,Shanghai 200021,PRCT:+86(21)2323 8888,F:+86(21)2323 8800,English translation for reference only,PwC ZT Shen Zi(2012)No.10030,(Page 2 of 2),An audit involves performing procedures to obtain audit evidence about the amounts and disclosuresin the financial statements.The procedures selected depend on the auditors judgment,including theassessment of the risks of material misstatement of the financial statements,whether due to fraud orerror.In making those risk assessments,the auditor considers internal control relevant to the entityspreparation of the financial statements in order to design audit procedures that are appropriate in thecircumstances.An audit also includes evaluating the appropriateness of accounting policies used andthe reasonableness of accounting estimates made by management,as well as evaluating the overallpresentation of the financial statements.,We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basisfor our audit opinion.,Opinion,In our opinion,the accompanying financial statements present fairly,in all material respects,theconsolidated and companys financial position of Chiwan Wharf as of 31 December 2011,and theirfinancial performance and cash flows for the year then ended in accordance with the requirements ofAccounting Standards for Business Enterprises.,PricewaterhouseCoopers Zhong Tian CPAs Limited Company,Shanghai,the Peoples Republic of China,27 March 2012,-,-,-,-,-,-,-,-,-,-,-,-,-,SHENZHEN CHIWAN WHARF HOLDINGS LIMITEDCONSOLIDATED AND COMPANY BALANCE SHEETSAS AT 31 DECEMBER 2011(All amounts in RMB Yuan unless otherwise stated)English translation for reference only,31 December2011,31 December2010,31 December2011,31 December2010,ASSETS,Note(s),Consolidated,Consolidated,Company,Company,Current assets,Cash at bank and on handNotes receivableAccounts receivableAdvances to suppliersInterest receivable,5(1)5(2)5(4),14(1)5(6)5(3),478,788,943230,797,0033,497,66851,667,781,720,0834,640,000179,772,75531,256,1721,318,202,187,090,69416,623,7251,210,724206,151,494,364,3551,700,0009,336,968316,78091,902,Dividends receivable,529,289,881,304,203,089,Other receivablesInventories,5(5),14(2)5(7),11,833,87723,500,358,52,765,36123,888,526,243,256,537922,921,365,862,1361,099,168,Other current assets,1,003,913,Total current assets,749,473,429,1,075,361,099,978,600,633,1,176,974,398,Non-current assets,Available-for-sale financial assetsLong-term receivablesLong-term equity investmentsInvestment propertiesFixed assetsConstruction in progressIntangible assetsGoodwillLong-term prepaid expensesDeferred tax assetsOther non-current assetsTotal non-current assetsTOTAL ASSETS,5(8)7(6)5(9),14(3)5(11)5(12)5(13)5(14)5(15)5(16)5(18)5(17),5,690,0001,436,856,42034,679,2292,482,077,688517,818,1441,038,926,89210,858,89862,488,53259,250,919142,108,2845,790,755,0066,540,228,435,6,640,0001,149,921,88629,379,5442,652,957,91514,593,5161,074,247,81910,858,89863,848,18952,083,66272,292,2145,126,823,6436,202,184,742,5,690,00011,004,3042,002,116,57426,547,149156,481,155614,89465,552,3565,770,04629,709,4612,303,485,9393,282,086,572,6,640,00011,004,3041,589,644,57220,991,116156,903,932450,90068,371,7615,299,66621,221,3571,880,527,6083,057,502,006,-3-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,SHENZHEN CHIWAN WHARF HOLDINGS LIMITEDCONSOLIDATED AND COMPANY BALANCE SHEETSAS AT 31 DECEMBER 2011(Cond)(All amounts in RMB Yuan unless otherwise stated)English translation for reference only,31 December,31 December,31 December,31 December,LIABILITIES AND,2011,2010,2011,2010,OWNERS EQUITY,Note(s),Consolidated,Consolidated,Company,Company,Current liabilities,Short-term borrowingsNotes payableAccounts payableAdvances from customersEmployee benefits payableTaxes payableInterests payableDividends payableOther payablesCurrent portion of non-current liabilitiesTotal current liabilities,5(20)5(21)5(22)5(23)5(24)5(25)5(26)5(27)5(28)5(29),1,418,830,0008,704,900160,112,9545,045,31155,945,867121,781,0501,637,790365,161,45150,809,29314,951,7502,202,980,366,1,225,550,0001,895,750214,723,2514,769,32036,929,912100,583,5202,958,406213,351,04345,027,806412,951,7502,258,740,758,584,530,0007,493,90012,225,6073,907,29131,818,1601,392,6292,361,250749,075,2061,392,804,043,478,550,00016,221,2383,643,83515,275,662605,7561,829,970570,336,042212,500,0001,298,962,503,Non-current liabilities,Long-term borrowings,5(30),90,000,000,Special payable,5(31),81,790,541,69,119,645,Deferred tax liabilitiesOther non-current liabilitiesTotal non-current liabilitiesTotal liabilities,5(18)5(32),1,142,50058,250,957231,183,9982,434,164,364,1,324,80065,841,707136,286,1522,395,026,910,1,142,5001,142,5001,393,946,543,1,324,8001,324,8001,300,287,303,Owners equity,Share capitalCapital surplusSurplus reservesUndistributed profits,5(33)5(34)5(35)5(36),644,763,730166,226,055421,692,4052,248,722,001,644,763,730144,909,755383,570,4042,079,724,472,644,763,730153,438,328421,692,405668,245,566,644,763,730154,106,028383,570,404574,774,541,Foreign exchange translation differencesTotal equity attributable to equity holders of,(13,607,440),(13,419,303),the CompanyMinority interestsTotal owners equityTOTAL LIABILITIES AND OWNERS EQUITY,5(37),3,467,796,751638,267,3204,106,064,0716,540,228,435,3,239,549,058567,608,7743,807,157,8326,202,184,742,1,888,140,0291,888,140,0293,282,086,572,1,757,214,7031,757,214,7033,057,502,006,The accompanying notes form an integral part of these financial statements.-4-,SHENZHEN CHIWAN WHARF HOLDINGS LIMITEDCONSOLIDATED AND COMPANY INCOME STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2011(All amounts in RMB Yuan unless otherwise stated)English translation for reference only,2011,2010,2011,2010,ItemsRevenueLess:Cost of salesTax and levies on operations,Note(s)5(38),14(4)5(38),14(4)5(39),Consolidated1,708,136,899(768,040,243)(71,021,926),Consolidated1,740,417,668(742,312,284)(63,815,927),Company189,122,522(136,475,924)(8,055,454),Company159,991,095(134,094,813)(6,211,103),General and administrative,expensesFinancial(expenses)/income-netAsset impairment reversals/(losses)Add:Investment income,5(40)5(41)5(43)5(42),14(5),(158,186,232)(12,370,981)(251,074)118,228,183,(130,781,048)10,535,505(119,061)148,514,648,(62,568,055)(28,651,836)(38,601)468,021,351,(45,463,645)(940,246)(24,478)407,131,078,Including:share of results of,associatesOperating profitAdd:Non-operating incomeLess:Non-operating expenses,5(42)5(44)5(45),113,968,183816,494,6261,878,537(2,035,862),148,204,648962,439,5015,012,970(3,037,490),34,396,865421,354,0031,718,849(1,442,326),42,929,224380,387,888833,575(765,610),Including:Loss on disposals of non-,current assetsTotal profit,(1,960,173)816,337,301,(2,834,944)964,414,981,(1,437,106)421,630,526,(687,689)380,455,853,Less:Income tax(expenses)/incomeNet profit,5(46),(148,561,633)667,775,668,(137,775,617)826,639,364,8,488,107430,118,633,764,157381,220,010,Attributable to equity holders of the,CompanyMinority interestsEarnings per share(attributable to equity holders of theCompany),505,645,137162,130,531,596,680,156229,959,208,Basic earnings per shareDiluted earnings per share,5(49)5(49),0.7840.784,0.9250.925,Other comprehensive incomeTotal comprehensive income,(855,837)666,919,831,(565,642)826,073,722,(667,700)429,450,933,(500,400)380,719,610,Attributable to equity holders of the,CompanyMinority interest,504,789,300162,130,531,596,114,514229,959,208,The accompanying notes form an integral part of these financial statements.-5-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,SHENZHEN CHIWAN WHARF HOLDINGS LIMITEDCONSOLIDATED AND COMPANY CASH FLOW STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2011(All amounts in RMB Yuan unless otherwise stated)English translation for reference only,2011,2010,2011,2010,Items,Note(s),Consolidated,Consolidated,Company,Company,1.Cash flows from operating activities,Cash received from rendering of services,1,649,531,912,1,747,846,505,181,861,014,157,334,344,Cash received relating to other operating,activitiesSub-total of cash inflowsCash paid for goods and servicesCash paid to and on behalf of employeesPayments of taxes and levies,5(51),31,724,0821,681,255,994(412,465,800)(218,888,671)(225,859,493),31,299,0961,779,145,601(361,828,341)(204,083,048)(212,353,178),711,446,584893,307,598(98,191,799)(60,366,911)(9,322,699),603,753,822761,088,166(72,539,169)(55,544,227)(8,862,658),Cash paid relating to other operating,activitiesSub-total of cash outflowsNet cash flows from operating activities,5(51)5(52),(77,851,434)(935,065,398)746,190,596,(74,035,465)(852,300,032)926,845,569,(427,548,733)(595,430,142)297,877,456,(340,563,057)(477,509,111)283,579,055,2.Cash flows from investing activities,Cash received from disposals of investments,44,879,120,155,574,511,94,000,000,Cash received from returns on investments,51,044,863,310,000,210,574,000,316,109,210,Net cash received from disposals of fixed,assets and intangible assets,1,039,749,12,277,696,807,083,1,383,341,Cash received relating to other investing,activitiesSub-total of cash inflows,-96,963,732,-168,162,207,-211,381,083,12,478,235423,970,786,Cash paid to purchase fixed assets,intangible assets and other long-term,assets,(585,894,854),(199,524,278),(13,063,802),(5,307,600),Cash paid relating to other investing,activities,(749,655,300),(379,200,000),(779,655,300),Net cash paid from disposal of subsidiaries,and other business units,(220,284,181),Sub-total of cash outflowsNet cash flows from investing activities,(806,179,035)(709,215,303),(949,179,578)(781,017,371),(392,263,802)(180,882,719),(784,962,900)(360,992,114),3.Cash flows from financing activities,Cash received by investorsInclude:Cash received in subsidiary byminority shareholders,91,940,00091,940,000,Cash received from borrowingsSub-total of cash inflowsCash repayments of borrowings,1,449,050,0001,540,990,000(1,506,050,000),1,489,120,0001,489,120,000(1,178,320,000),728,550,000728,550,000(818,550,000),556,480,000556,480,000(216,480,000),Cash payments for interest expenses and,distribution of dividends or profits,(361,238,309),(408,546,358),(330,952,458),(220,050,769),Include:Distribution of dividends andprofits to minority,shareholders in subsidiary,(171,889,814),Cash paid relating to other activitiesSub-total of cash outflowsNet cash flows from financing activities,(4,448,649)(1,871,736,958)(330,746,958),(1,401,288)(1,588,267,646)(99,147,646),(2,606,625)(1,152,109,083)(423,559,083),(1,101,714)(437,632,483)118,847,517,4.Effect of foreign exchange rate changes,on cash and cash equivalents,(9,159,475),(6,056,736),(709,315),(478,061),5.Net increase in cash and cash,equivalents,(302,931,140),40,623,816,(307,273,661),40,956,397,Add:Cash and cash equivalents at,beginning of year6.Cash and cash equivalent at end of year,5(52)5(52),781,720,083478,788,943,741,096,267781,720,083,494,364,355187,090,694,453,407,958494,364,355,The accompanying notes form an integral part of these financial statements.-6-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,-,SHENZHEN CHIWAN WHARF HOLDINGS LIMITEDCONSOLIDATED STATEMENT OF CHANGES IN OWNERS EQUITYFOR THE YEAR ENDED 31 DECEMBER 2011(All amounts in RMB Yuan unless otherwise stated)English translation for reference onlyAttributable to equity holders of the Company,Share,Capital,Surplus,Undistributed,Translation,Minority,Total owners,ItemsBalance at 1 January 2010,Note,capital644,763,730,surplus145,410,155,reserves355,134,736,profits1,721,028,196,difference(13,354,061),interest567,608,774,equity3,420,591,530,Movement for the year ended 31 December 2010,Net profit,596,680,156,229,959,208,826,639,364,Other comprehensive income,5(34),(500,400),(65,242),(565,642),Profit appropriation,-appropriation to surplus reserves,5(35),28,435,668,(28,435,668),-profit distribution to equity owners,5(36),(209,548,212),(229,959,208),(439,507,420),Balance at 31 December 2010Balance at 1 January 2011,644,763,730644,763,730,144,909,755144,909,755,383,570,404383,570,404,2,079,724,4722,079,724,472,(13,419,303)(13,419,303),567,608,774567,608,774,3,807,157,8323,807,157,832,Movement for the year ended 31 December 2011,Investment by shareholdersNet profitOther comprehensive income,4(1)5(34),20,774,000(667,700),505,645,137,(188,137),71,166,000162,130,531,91,940,000667,775,668(855,837),Profit appropriation,-appropriation to surplus reserves,5(35),38,122,001,(38,122,001),-profit distribution to equity ownersOthers,5(36),1,210,000,(298,525,607),(163,627,985)990,000,(462,153,592)2,200,000,Balance at 31 December 2011,644,763,730,166,226,055,421,692,405,2,248,722,001,(13,607,440),638,267,320,4,106,064,071,The accompanying notes form an integral part of these financial statements.-7