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The Differences Between IFRS and PRC GAAP
 
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A reconciliation of differences between the financial statements prepared under CASs and those prepared in accordance with IFRSs is set out below.

 
2008.1-12
Profit for the year attributable to equity holders of the parent company under CASs
110,766
Recognition of revaluation surplus on disposed assets
75
Profit for the year attributable to equity holders of the parent company under IFRSs
110,841

 
31/12/2008
Equity attributable to equity holders of the parent company under CASs
603,183
Reversal of revaluation surplus
(508)
Equity attributable to equity holders of the parent company under IFRSs
602,675

In the financial statements prepared under CASs, the Group performed the revaluation on certain assets pursuant to the relevant requirements, with the revaluation surplus recognised in the capital reserve. Under IFRSs, such assets were carried at cost and the revaluation surplus was reversed. Upon disposal of such assets, adjustments on recognition of revaluation surplus 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.


(2009-04-21)
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