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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
1
/ China Communications Services Corporation Limited
32 Restricted deposits
Restricted deposits represent cash pledged as deposits for bills payable and cash held in dedicated bank
accounts for certain construction projects.
33 Cash and cash equivalents
The Group
The Company
2011
2010
2011
2010
RMB’000
RMB’000
RMB’000
RMB’000
Cash at bank and in hand
6,843,171
7,612,626
100,989
481,258
Deposits with banks and other financial
institutions
455,061
857,623
27,337
200,000
Cash and cash equivalents
7,298,232
8,470,249
128,326
681,258
Renminbi is not a freely convertible currency and the remittance of funds out of the PRC is subject to the
exchange restrictions imposed by the PRC government.
34 Interest-bearing borrowings
The Group’s short-term borrowings comprise:
The Group
The Company
2011
2010
2011
2010
RMB’000
RMB’000
RMB’000
RMB’000
RMB denominated
Borrowings from banks
– unsecured
8,000
750,000
–
700,000
Loans from ultimate holding company
– unsecured
800,000
800,000
800,000
800,000
Loans from fellow subsidiaries
– unsecured
13,280
228,509
–
–
Central African CFA Franc denominated
Borrowings from banks
– unsecured
–
2,014
–
–
USD denominated
Borrowings from banks
– unsecured
177,055
–
–
–
998,335
1,780,523
800,000
1,500,000