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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
Annual Report 2011 /
1
9
Profit before tax
2011
2010
RMB’000
RMB’000
(Restated)
(a)
Staff costs:
Salaries, wages and other benefits
11,374,110
10,003,237
Contributions to defined contribution retirement schemes
915,830
807,293
12,289,940
10,810,530
(b)
Other items:
Depreciation
– Property, plant and equipment (note 17)
571,013
534,404
– Investment properties (note 18)
38,869
37,195
Amortisation
– Lease prepayments (note 20)
28,939
22,390
– Other intangible assets (note 22)
44,168
44,265
Auditors’ remuneration
42,150
38,000
Cost of inventories
15,519,709
13,496,980
Impairment losses on accounts and bills and other receivables
139,253
141,686
Reversal of impairment losses on accounts and bills and
other receivables
(40,076)
(25,879)
Operating lease charges
1,047,786
891,699
Research and development costs
841,038
514,413
Share of associates’ taxation
446
552
Research and development costs include RMB702 million (2010: RMB418 million) relating to staff costs,
which amount is also included in the staff cost disclosed in note 9(a).
10 Income tax
(a) Income tax in the consolidated income statement represents:
2011
2010
RMB’000
RMB’000
(Restated)
Current tax
PRC enterprise income tax
564,612
523,562
Overseas enterprise income tax
17,026
4,058
Deferred tax
Origination and reversal of temporary differences
(note 26)
(47,446)
(69,597)
Total income tax
534,192
458,023