The Differences Between IFRS and PRC GAAP
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A reconciliation of differences between the financial statements prepared under IFRSs and those prepared in accordance with PRC GAAP is set out below.
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2009 |
2008 |
| Profit for the year attributable to equity holders of the parent company under PRC GAAP |
128,599 |
110,766 |
| Adjustment of revaluation surplus on assets disposed of or impaired |
46 |
75 |
| Profit for the year attributable to equity holders of the parent company under IFRSs |
128,645 |
110,841 |
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31 December
2009 |
31 December
2008 |
| Equity attributable to equity holders of the parent company under PRC GAAP |
673,893 |
603,183 |
| Reversal of revaluation surplus |
- |
(508) |
| Equity attributable to equity holders of the parent company under IFRSs |
673,893 |
602,675 |
During the Group's restructuring, the Group performed revaluation on certain assets pursuant to relevant requirements, with the revaluation surplus recognised in the capital reserve in the financial statements prepared under PRC GAAP. Under IFRSs, certain assets were carried at cost and the revaluation surplus was reversed. Upon disposal or when such assets are impaired, adjustments on recognition of the revaluation surplus and impairment loss were reversed accordingly. In addition, for the available-for-sale equity investments included in these assets, when they meet the specific conditions to be measured at fair value under IFRSs, the adjustments on reversal of revaluation surplus were made to the investment revaluation reserve.
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（2010-04-08）
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