NOTES TO FINANCIAL STATEMENTS
December 31, 2015
38
PRIOR YEAR’S ADJUSTMENTS AND RECLASSIFICATIONS
In current financial year, the Group re-assessed the control over a joint-investment with third party and concluded
that the Group does not have unilateral control under the joint venture agreement over the entity despite having
more than half of the board seats. Hence, the joint-investment (including two of its wholly-owned subsidiaries) has
been reclassified to investments in joint ventures. Accordingly, certain comparatives have been restated.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
December 31, 2014
As previously
reported
Adjustment
As restated
RMB’000
RMB’000
RMB’000
ASSETS
Non-current assets
Property, plant and equipment
1,065,073
(7,583) 1,057,490
Investment properties
10,244,250
– 10,244,250
Properties for development
8,958,369
(442,398) 8,515,971
Investment in an associate
–
–
–
Investments in joint ventures
694,013
414,758 1,108,771
Other receivables
304,876
– 304,876
Non-trade amount due from non-controlling
shareholders of subsidiaries
210,642
– 210,642
Intangible asset
613
–
613
Deferred tax assets
370,340
– 370,340
Derivative financial instruments
1,426
–
1,426
Total non-current assets
21,849,602
(35,223) 21,814,379
Current assets
Inventories
44,793
–
44,793
Completed properties for sale
5,221,147
– 5,221,147
Properties under development for sale
32,116,714
(968,405) 31,148,309
Trade receivables
39,118
–
39,118
Other receivables and deposits
583,587
(4,862) 578,725
Non-trade amounts due from:
Associate
366
–
366
Joint ventures
–
426,376 426,376
Non-controlling shareholders of subsidiaries
512,601
– 512,601
Other related parties
562
–
562
Income tax prepayment
324,619
(1,557) 323,062
Held-for-trading investment
13,610
–
13,610
Pledged bank deposits
29,842
–
29,842
Cash and cash equivalents
6,590,084
(33,241) 6,556,843
Total current assets
45,477,043
(581,689) 44,895,354
Total assets
67,326,645
(616,912) 66,709,733
YANLORD LAND GROUP LIMITED
ANNUAL REPORT 2015
132
