Sun Art Retail Group Limited - TodayIR.com

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
14 TRADE AND OTHER RECEIVABLES (continued)
The amounts due from Contracted Stores as at 31 December 2012 include the balance of prepaid
cards sold by the Contracted Stores which may be used by customers to purchase goods in certain
of the Group’s other stores, offset by advance payments made by Contracted Stores in respect of
purchase of goods.
The amounts due from Contracted Store Owners comprise advances made by the Group to certain
Contracted Store Owners and the Contracted Stores’ profit attributable to the Group (see note 1(f)).
These amounts are not expected to be recovered within one year.
Rental prepayments may be offset against future rentals due to landlords of hypermarket premises
leased by the Group in accordance with the relevant lease agreements.
Except for prepayments made for fixed assets which will be transferred to the relevant asset
category upon receipt of the assets and the balances due from Contracted Store Owners, all of
the trade and other receivables classified as current assets are expected to be recovered within
one year. Details of the Group’s credit policy are set out in note 23(a).
The Company
At 31 December
2012 2011
RMB million RMB million
Non-current
Loans to subsidiaries 7,586 7,586
Interest receivable from subsidiaries 28 –
Sub-total 7,614 7,586
Current
Dividends receivable from subsidiaries 966 803
Others – 9
Sub-total 966 812
Trade and other receivables 8,580 8,398
The loans to subsidiaries are unsecured, bear interest at a fixed rate of 0.25% per annum and are
repayable in 2014.
Sun Art Retail Group Limited
Annual Report 2012
89