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

95 24,879 29,668

5 Other net loss

2012 2011 RMB'

000 RMB'

000 Net realised and unrealised gain/(loss) on financial ? instruments at fair value 5,940 (13,358) Net loss on disposal of property, plant and equipment, ? construction in progress and intangible assets (35) (1,944) Net foreign exchange losses (1,250) (13,397) Impairment of property, plant and equipment, ? intangible assets, construction in progress and goodwill (4,349) (10,852) Gain on disposal of subsidiaries C 4,640 Others (1,384) (1,750) (1,078) (36,661)

8 6 Profit before taxation Profit before taxation is arrived at after charging/(crediting):

2012 2011 RMB'

000 RMB'

000 (a) Finance costs: Interest expenses on bank advances wholly repayable within five years 195,758 139,837 Interest expenses on debentures 45,606 28,143 Interest expenses on other loans C 1,589 Other borrowing costs 3,735 2,109 Total interest expenses on financial liabilities not at fair value through profit or loss 245,099 171,678 Less: interest expenses capitalised into construction in progress* (3,818) (15,349) 241,281 156,329 * The borrowing costs have been capitalised at a rate of 5.70%~6.76% per annum (2011: 5.31% ~ 6.56%).

2012 2011 RMB'

000 RMB'

000 (b) Staff costs# : Salaries, wages and bonuses 301,799 227,543 Staff welfare 18,704 17,587 Contributions to retirement benefit schemes 29,586 25,405 350,089 270,535 Less: Staff costs capitalised into construction in progress (31,090) (33,972) 318,999 236,563

9 6 Profit before taxation (continued)

2012 2011 RMB'

000 RMB'

000 (c) Other items: Cost of inventories 5,589,812 4,841,792 Amortisation of lease prepayments 4,584 2,656 Amortisation of intangible assets# 14,406 7,503 Depreciation# 252,010 196,503 Less: Depreciation capitalised into construction in progress (1,446) (4,357) 250,564 192,146 Provision of impairment losses on: ? C trade and other receivables 2,764

507 ? C purchase deposits 4,263 3,434 ? C non-current prepayment C 1,000 ? C fixed asset and construction in progress C 5,930 ? C intangible assets 4,349 4,922 Operating lease charges in respect of properties 3,130 2,660 Auditors'

remuneration 4,626 4,383 Research and development expenses 34,828 9,098 Pollution discharge fee 5,835 2,479 Environmental rehabilitation fee 16,075 16,136 # Cost of inventories includes RMB424,580,000 (2011: RMB323,930,000) relating to staff costs, depreciation and amortisation expenses, which amount is also included in the respective total amounts disclosed separately above for each of these types of expenses.

10 7 Income tax in the consolidated income statement

2012 2011 RMB'

000 RMB'

000 Current tax C PRC income tax Provision for the year 94,080 139,228 Under-provision in respect of prior years

999 5,798 95,079 145,026 Deferred tax Origination and reversal of temporary differences (33,975) (16,905) Effect on deferred tax balance resulting from a change in tax rate (1,297) C (35,272) (16,905) 59,807 128,121

8 Dividends Dividends payable to equity shareholders of the Company attributable to the year

2012 2011 RMB'

000 RMB'

000 Final dividend proposed after the end of the reporting ? period of RMB0.07 (2011: RMB0.10) per ordinary share 53,917 77,025 Pursuant to a resolution passed at the directors'

meeting on

26 March 2013, a final dividend in respect of the year ended

31 December

2012 of RMB0.07 (2011: RMB0.10) per share totalling RMB53,917,436 (2011: RMB77,024,909) was proposed for shareholders'

approval at the annual general meeting. Final dividend of RMB53,917,436 (2011: RMB77,024,909) proposed after the end of the reporting period has not been recognised as a liability at the end of the reporting period.