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Notes To The Consolidated Financial Statements
(Expressed in Renminbi)
Annual Report 2011 /
1
34 Interest-bearing borrowings
(continued)
The Group’s short-term borrowings bearing fixed interest rate per annum are as follows:
The Group
The Company
2011
2010
2011
2010
RMB denominated
Borrowings from banks – unsecured
6.06%
3.51%–4.01%
–
3.76%
Loans from ultimate holding company
– unsecured
4.88%
4.08%
4.88%
3.89%–4.08%
Loans from fellow subsidiaries
– unsecured
2.39%
2.39%–5.51%
–
–
USD denominated
Borrowings from banks
– unsecured
1.55%–3.71%
–
–
–
As at 31 December 2011, no borrowings from bank were subject to financial covenants.
The loans from ultimate holding company as at 31 December 2011 are unsecured and repayable on 28 April
2012 and 9 June 2012 respectively.
35 Accounts and bills payable
Accounts and bills payable comprise:
The Group
2011
2010
RMB’000
RMB’000
Accounts payable
10,659,256
7,973,422
Bills payable
2,069,626
1,795,370
12,728,882
9,768,792
The ageing analysis of accounts and bills payable is as follows:
The Group
2011
2010
RMB’000
RMB’000
Within 1 year
11,841,672
9,093,470
After 1 year but less than 2 years
621,893
494,547
After 2 years but less than 3 years
177,454
112,808
After 3 years
87,863
67,967
12,728,882
9,768,792
Included in accounts and bills payable are amounts due to fellow subsidiaries of RMB808 million (2010:
RMB231 million) as at 31 December 2011. The amounts due to fellow subsidiaries are unsecured, interest-
free and are expected to be settled within one year.