PDF《Ⅴ Taxation》

(2) According to the income tax levied in the year 2008, net profit of the year

2008 reduces 183,847,012.

42 yuan, undistributed profit at the beginning of

2009 reduces 183,847,012.42 yuan. Ⅴ Taxation According to the regulation of Guoshuifa [2008]

28 circular and Guoshuihan [2004]

996 circular, income tax of the Bank is turned in on an aggregated basis by the headquarter at the end of a period, and business tax is turned in separately by the headquarter and branches. Yinding Holdings Ltd, a subsidiary of the Bank located in Hong Kong calculates and turns in its taxes in accordance to local taxation regulations. Ⅵ Contingencies and Major Off-balance Sheet Items 1. Legal proceedings Up until Dec. 31, 2009, there are no legal proceedings with significant influence over the Bank'

s financial position and operating results. 2. Capital commitments The Bank joined in the establishment of China-Italy Small and Medium Sized Enterprises Fund (Mandarin Fund) which has a total scale of 323.75 million euro. The bank committed to subscribe

75 million euro. Up until Dec.

31 2009, the Bank has paid a subscribing amount of 23,139,840.00 euro. The remaining amount will be paid before April

2012 according to the contract. The Bank committed to invest RMB

290 million yuan to Guoke Ruihua Venture Capital. Up until Dec 31, 2009, the Bank has made payment of RMB

145 million yuan, and the remaining amount will be paid before July 2013. The registered capital of Xi'

an Kangben Materials LLc. is

600 million yuan, and will be paid in separately in two phases. The Bank committed to pay in

270 million yuan. Up till Dec 31, 2009, the Bank has paid the first batch of 112.5 million yuan. The timing of the second payment will be dependent on the progress of the invested projects. The registered capital of Chengdu Investment Holding Group Co.,Ltd (CDIH) is 1.5 billion yuan, and will be paid in separately in three phases. The Bank committed to pay in

750 million yuan. Up till Dec 31, 2009, the Bank has paid the first batch of

250 million yuan. The timing of the second payment will be determined by the progress of the venture capital'

s investment project. The principal taxes and tax rates to which the Bank is subject to are listed below: Tax/fee Business tax City Construction tax Education surcharges Income taxes Tax/fee rate 5% 7% 3% 25% Tax/fee basis Taxable financial operations income Business tax Business tax Taxable income 财务报表附注 Notes to Financial Statements

110 ANNUAL REPORT

2009 THE EXPORT-IMPORT BANK OF CHINA 3. Credit commitments 4. Operating leases commitment The Bank'

s major operating lease commitment is the operating lease of Chemsunny World Trade Center as office building since March 2008. The lease term is

3 years. Up until Dec.

31 2009, the Bank had a remaining lease term of

14 months with an operating lease commitment of RMB 211,277,299.95. 5. Underwriting obligations Items Letters of guarantee issued Letters of credit issued Bank bill acceptance Irrevocable loan commitments Total Balance at the year end 4,828,039,353.96 147,542,183,836.16 1,957,609,333.25 255,699,391,066.86 410,027,223,590.23 Balance at the beginning of the year 3,347,087,812.33 133,334,141,232.10 835,631,128.14 135,654,036,829.45 273,170,897,002.02 Items Enterprise short-term financing bills Total Balance at the year end 190,000,00.00 190,000,00.00 Balance at the beginning of the year 270,000,000.00 270,000,000.00 Ⅶ Balance Sheet of Onlending Loans of Foreign Governments 2009-12-31 2,067,346 8,935,147 1,786,536 148,666,726 308,213 161,147,542 ASSETS Due from Banks Accounts Receivable Interest Receivable Onlent Foreign Government Loans Less: Provision for Doubtful Debt in Loans TOTAL ASSETS 2009-12-31 965,598 160,024,547 160,990,145 LIABILITIES Accounts Payable Borrowings of Foreign Government Loans TOTAL LIABILITIES 2009-12-31 157,397 157,397 161,147,542 OWNER'