PDF《Lingbao Gold Company Ltd. 灵宝黄金股份有限公司》

12 35,617 22,978 Deferred tax liabilities

93 7,338 1,470,272 1,759,925 NET ASSETS 2,434,650 2,346,366 CAPITAL AND RESERVES Share capital 154,050 154,050 Reserves 2,233,906 2,145,280 Total equity attributable to equity shareholders ? of the Company 2,387,956 2,299,330 Non-controlling interests 46,694 47,036 TOTAL EQUITY 2,434,650 2,346,366

6 Notes to the Financial Statements

1 Basis Of Preparation These financial statements have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards ( HKFRSs ), which collective term includes all applicable individual Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards ( HKASs ) and Interpretations issued by the Hong Kong Institute of Certified Public Accountants ( HKICPA ), accounting principles generally accepted in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance. These financial statements also comply with the applicable disclosure provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The HKICPA has issued certain new and revised HKFRSs that are first effective or available for early adoption for the current accounting period of the Group and the Company. Note

2 provides information on any changes in accounting policies resulting from initial application of these developments to the extent that they are relevant to the Group for the current and prior accounting periods reflected in these financial statements.

2 Changes in accounting policies The HKICPA has issued several amendments to HKFRSs that are first effective for the current accounting period of the Group. Of these, the following development is relevant to the Group'

s financial statements: Amendments to HKFRS 7, Financial instruments: Disclosures C Transfers of financial assets The amendments to HKFRS

7 require certain disclosures to be included in the financial statements in respect of transferred financial assets that are not derecognised in their entirety and for any continuing involvement in transferred financial assets that are derecognised in their entirety, irrespective of when the related transfer transaction occurred. However, an entity need not provide the disclosures for the comparative period in the first year of adoption. The Group did not have any significant transfers of financial assets in previous periods or the current period which require disclosure in the current accounting period under the amendments. The Group has not applied any new standard or interpretation that is not yet effective for the current accounting period.

7 3 Turnover The principal activities of the Group are mining, processing, smelting and sales of gold and other metallic products in the PRC. Turnover represents the sales value of goods sold to customers, net of sales tax and value added tax. The amount of each significant category of revenue recognised in turnover during the year is as follows:

2012 2011 RMB'

000 RMB'

000 Sales of: ? C Gold 4,694,853 4,203,270 ? C Other metals 1,666,819 1,470,326 ? C Others 38,119 56,590 Less: Sales taxes and levies (6,485) (9,351) 6,393,306 5,720,835 The Group'

s customer base is diversified and includes only one customer with whom transactions have exceeded 10% of the Group'

s revenues. In 2012, revenues from sales of gold products to this customer amounted to approximately RMB4,694,853,000 (2011: RMB4,203,270,000) arose in the Henan Province, the PRC.

4 Other revenue

2012 2011 RMB'

000 RMB'

000 Bank interest income 4,506 4,041 Delivery service income 3,139 6,591 Government grants 12,980 8,742 Scrap sales 2,957 3,899 Dividend income from other investments C 6,300 Sundry income 1,297