曝光台 注意防骗
网曝天猫店富美金盛家居专营店坑蒙拐骗欺诈消费者
As at 31 December 2009, advance payments for acquisition of aircraft of the Group and the Company of approximately RMB7,601 million and RMB7,435 million, respectively (2008: RMB6,337 million and RMB6,337 million, respectively) were mortgaged under certain loan agreements (Note 35).
In 2008, the Company entered into agreements with certain third party lessors to sell 14 aircraft to the lessors prior to
the deliveries of these aircraft and then lease back the aircraft from the lessors in the form of operating leases. Upon delivery of aircraft, the advance payments paid to aircraft manufacturers and the related interest costs capitalised in respect of the aircraft included in construction in progress were transferred out to calculate the gain or loss on sales and lease back.
23 Interest in subsidiaries
The Company
2009 2008
RMB million RMB million
Unlisted shares/capital contributions, at cost 2,183 2,167
Less: impairment loss (43) (43)
2,140 2,124
Amounts due to subsidiaries – (676)
2,140 1,448
CHINA SOUTHERN AIRLINES COMPANY LIMITED • ANNUAL REPORT 2009
90 Notes to the Financial Statements
(Prepared in accordance with International Financial Reporting Standards)
(Expressed in Renminbi)
23 Interest in subsidiaries (cont’d)
During the year, the management assessed the recoverable amounts of the loss-making subsidiaries and determined that the carrying amounts of the investments in these subsidiaries exceeded their recoverable amounts by approximately
RMB43 million (2008: RMB43 million). Accordingly, a provision for impairment loss of RMB43 million was recorded on
31 December 2009 (2008: RMB43 million).
Details of the Group’s principal subsidiaries are set out in Note 59. In June 2009, the Company acquired 50% equity interest in a jointly controlled entity of the Company, Beijing Southern Airlines Ground Services Company Limited (“Beijing Ground Services”) from the other venturer, which has become a wholly-owned subsidiary of the Company since then.
24 Interest in associates
The Group
2009 2008
RMB million RMB million
Share of net assets 257 235
The Company
2009 2008
RMB million RMB million
Unlisted capital contributions, at cost 439 439
Less: impairment loss (296) (311)
143 128
In the Company’s balance sheet, a provision for impairment loss of RMB296 million was recorded on 31 December 2009 (2008: RMB311 million) in respect of investments in certain associates in which their carrying amounts were
determined to be not fully recoverable.
The details of the Group’s principal associates are set out in Note 60, all of which are unlisted corporate entities.
CHINA SOUTHERN AIRLINES COMPANY LIMITED • ANNUAL REPORT 2009 Notes to the Financial Statements 91
(Prepared in accordance with International Financial Reporting Standards)
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China Southern Airlines Company Limited Annual Report 2009(74)
