NOTES TO FINANCIAL STATEMENTS
December 31, 2015
24
SENIOR NOTES (Cont’d)
In 2011, six of its subsidiaries provided a joint guarantee in respect of Notes 2018 issued by the Company amounting
to RMB2.520 billion (equivalent to US$400 million) for a term of seven years up to March 29, 2018. The joint
guarantee approximates RMB2.597 billion (2014 : RMB2.448 billion), the equivalent of US$400 million as at the end
of 2015. Additionally, shares in six of its subsidiaries are charged in favour of the global security agent and trustee of
Notes 2018.
In 2013, the Company and five of its subsidiaries provided a joint guarantee in respect of Notes 2016 issued by a
wholly-owned subsidiary of the Company amounting RMB2.000 billion for a term of three years up to May 22, 2016
(Note 37). The joint guarantee approximates RMB1.871 billion (2014 : RMB2.000 billion) as at the end of 2015.
Additionally, shares in five of its subsidiaries are charged in favour of the global security agent and trustee of Notes
2016.
In 2014, six of its subsidiaries provided a joint guarantee in respect of 6.2% Notes 2017 issued by the Company
amounting to RMB1.856 billion (equivalent to S$400 million) for a term of three years up to May 8, 2017. The joint
guarantee approximates RMB1.835 billion (2014 : RMB1.856 billion), the equivalent of S$400 million as at the end
of 2015. Additionally, shares in six of its subsidiaries are charged in favour of the global security agent and trustee
of 6.2% Notes 2017.
25
TRADE PAYABLES
GROUP
2015
2014
RMB’000
RMB’000
(Restated)
Non-controlling shareholder of a subsidiary
1,411,435
1,717,434
Outside parties
6,336,090
3,568,386
7,747,525
5,285,820
The average credit period for trade payables is 173 days (2014 : 186 days).
26
OTHER PAYABLES
GROUP
COMPANY
2015
2014
2015
2014
RMB’000
RMB’000
RMB’000
RMB’000
(Restated)
Advances received from customers
17,092,892
7,085,440
–
–
Accrued expenses
63,250
80,906
2,153
2,355
Business tax payable
97,260
42,915
–
–
Interest payable
133,417
132,354
94,088
84,465
Other payables
569,637
346,841
–
–
17,956,456
7,688,456
96,241
86,820
121
