Sun Art Retail Group Limited - TodayIR.com
Sun Art Retail Group Limited - TodayIR.com Sun Art Retail Group Limited - TodayIR.com
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 INTEREST IN SUBSIDIARIES (CONTINUED) Held directly or indirectly by ACHK: (continued) Registered Effective interest of capital/issued ownership attributable and fully Name of companies Note to the Group Principal activities paid up capital 2012 2011 (million) Taizhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 10 Changzhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing RMB 122 Yangzhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 8 Anhui Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 12 Jiaxing Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 6 Zhenjiang Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 12 Wuxi Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 6 Huzhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 10 Shanghai Auchan Information and Technique 95.94% 96.85% Research and USD 1 Development Co., Ltd. development service Nantong Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 12 Nantong New Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 10/5 Yantai Auchan Hypermarkets Co., Ltd. 95.94% 96.85% Retailing USD 20/10 Note: (i) RT-Mart Holdings Limited and ACHK are incorporated in Hong Kong. CCIL is incorporated in the Cayman Islands. All other subsidiaries are established and operated in the PRC. (ii) These subsidiaries are co-operative joint ventures. With the exception of People’s RT-MART Limited Jinan, the joint venture partners are only entitled to fixed returns and do not otherwise participate in the profit or loss of these subsidiaries pursuant to the joint venture agreements (note 20). (iii) These subsidiaries are domestic enterprises. CIC and ACI are sino-foreign equity joint ventures. Except for (ii) and (iii), all other subsidiaries of the Group which are established in the PRC are wholly foreign owned enterprises. * The English translation of the names is for reference only. The official names of these entities are in Chinese. 32 SUBSEQUENT EVENTS After the end of the reporting period the directors proposed a final dividend. Further details are disclosed in note 22(b). Sun Art Retail Group Limited Annual Report 2012 119
FINANCIAL SUMMARY A summary of the published consolidated results and assets, liabilities, equity and non-controlling interests of the Group for the last five financial years is set out below: Year Ended 31 December 2012 2011 2010 2009 2008 RMB million Turnover 77,851 68,084 56,168 45,394 37,852 Gross Profit 16,150 13,857 10,968 8,580 7,089 Profit from Operations 3,518 2,906 2,474 1,953 1,527 Profit for the Year 2,533 1,985 1,614 1,254 1,016 Profit attributable to: Equity shareholders of the Company 2,409 1,600 1,031 811 680 Non-Controlling Interests 124 385 583 443 336 At 31 December 2012 2011 2010 2009 2008 RMB million Total assets 44,585 41,346 29,853 23,668 20,514 Total liabilities 27,227 25,829 23,033 17,476 15,726 Equity attributable to: Equity shareholders of the Company 16,830 15,139 4,403 4,005 3,191 Non-Controlling Interests 528 378 2,417 2,187 1,597 The consolidated financial statements of the Group have been prepared in accordance with HKFRSs. The above summary does not form a part of the consolidated financial statements. 120 Sun Art Retail Group Limited Annual Report 2012
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
31 INTEREST IN SUBSIDIARIES (CONTINUED)<br />
Held directly or indirectly by ACHK: (continued)<br />
Registered<br />
Effective interest of<br />
capital/issued<br />
ownership attributable<br />
and fully<br />
Name of <strong>com</strong>panies<br />
Note<br />
to the <strong>Group</strong><br />
Principal activities<br />
paid up capital<br />
2012 2011 (million)<br />
Taizhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 10<br />
Changzhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing RMB 122<br />
Yangzhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 8<br />
Anhui Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 12<br />
Jiaxing Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 6<br />
Zhenjiang Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 12<br />
Wuxi Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 6<br />
Huzhou Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 10<br />
Shanghai Auchan Information and Technique 95.94% 96.85% Research and USD 1<br />
Development Co., Ltd.<br />
development service<br />
Nantong Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 12<br />
Nantong New Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 10/5<br />
Yantai Auchan Hypermarkets Co., Ltd. 95.94% 96.85% <strong>Retail</strong>ing USD 20/10<br />
Note:<br />
(i)<br />
RT-Mart Holdings <strong>Limited</strong> and ACHK are incorporated in Hong Kong. CCIL is incorporated in the Cayman<br />
Islands. All other subsidiaries are established and operated in the PRC.<br />
(ii)<br />
These subsidiaries are co-operative joint ventures. With the exception of People’s RT-MART <strong>Limited</strong><br />
Jinan, the joint venture partners are only entitled to fixed returns and do not otherwise participate in<br />
the profit or loss of these subsidiaries pursuant to the joint venture agreements (note 20).<br />
(iii)<br />
These subsidiaries are domestic enterprises.<br />
CIC and ACI are sino-foreign equity joint ventures. Except for (ii) and (iii), all other subsidiaries of the <strong>Group</strong><br />
which are established in the PRC are wholly foreign owned enterprises.<br />
* The English translation of the names is for reference only. The official names of these entities are in<br />
Chinese.<br />
32 SUBSEQUENT EVENTS<br />
After the end of the reporting period the directors proposed a final dividend. Further details are<br />
disclosed in note 22(b).<br />
<strong>Sun</strong> <strong>Art</strong> <strong>Retail</strong> <strong>Group</strong> <strong>Limited</strong><br />
Annual Report 2012<br />
119
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