江 铃B:2010年年度审计报告(英文版)
（10会计4班 2010931304 王锐）
JIANGLING MOTORS CORPORATION, LTD.CONSOLIDATED FINANCIAL STATEMENTS AND REPORT OF THE AUDITORS .31 DECEMBER 2010 普华永道中天会计师事务所有限公司 11th Floor PricewaterhouseCoopers Center 2 Corporate Avenue 202 Hu Bin Road Shanghai 200021, P.R.C.Telephone +86 (21) 2323 8888 Facsimile +86 (21) 2323 8800 www.daodoc.com Independent Auditor\'s Report 2011/SH-030/BL/LLF To the shareholders of Jingling Motors Corporation, Ltd.We have audited the consolidated financial statements of Jingling Motors Corporation, Ltd.(the “Company”) and its subsidiary (together the “Group”) set out on pages 3 to 56, which comprise the consolidated statement of financial position as at 31 December 2010, and the consolidated statement of comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.Management’s responsibility for the Consolidated Financial Statements The management of the Company is responsible for the preparation and fair presentation of consolidated financial statements in accordance with International Financial Reporting Standards, and for such internal control as management determines is neceary to enable the preparation of consolidated financial statements that are free from material mitatement, whether due to fraud or error.Auditor’s responsibility
our responsibility is to expre an opinion on these consolidated financial statements
1 based on our audit.We conducted our audit in accordance with International Standards on Auditing.Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable aurance about whether the consolidated financial statements are free from material mitatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements.The procedures selected depend on the auditors’ judgment, including the aement of the risks of material mitatement of the consolidated financial statements, whether due to fraud or error.In making those risk aements, the auditor considers internal control relevant to the entities preparation and fair presentation of consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expreing an opinion on the effectivene of the entities internal control.An audit also includes evaluating the appropriatene of accounting policies used and the reasonablene of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.Opinion In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Group as at 31 December 2010, and of the Groups financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards.PricewaterhouseCoopers Zhen Tina CPAs Limited Company Shanghai, the Peoples Republic of China 16 March 2011 JIANGLING MOTORS CORPORATION, LTD.CONSOLIDATED STATEMENT OF FINANCIAL POSITION
2 AS AT 31 DECEMBER 2010 (All amounts in RMB unle otherwise stated) As at 31 December Note 2010 2009 RMB000 ASSETS Non-current aets Property, plant and equipment 5 2,630,524 2,491,159 Lease prepayment 6 277,870 284,393 Intangible aets 7 31,302 31,856 Investments in aociate 8 17,928 17,292 Deferred income tax aets 9 205,063 134,133 3,162,687 2,958,833 Current aets Inventories 10 1,436,492 1,059,798 Trade and other receivables 11 825,374 361,892 Cash and cash equivalents 12 5,813,162 3,913,823 8,075,028 5,335,513 Total aets 11,237,715 8,294,346 EQUITY Capital and reserves attributable to the Company’s equity holders
Share capital 13 863,214 863,214 Share premium 816,609 816,609 Other reserves 14 457,650 457,650 Retained earnings 3,989,803 2,706,474 6,127,276 4,843,947 Non-controlling interests 115,319 102,906 Total equity 6,242,595 4,946,853 LIABILITIES Non-current liabilities Borrowings 15 6,939 7,601 Retirement benefit obligations 16 54,569 70,475 Warranty provisions 17 171,789 122,361 233,297 200,437 Current liabilities Trade and other payables 18 4,628,421 3,079,345 Current income tax liabilities 96,310 28,716 Borrowings 15 25,004 25,447 Retirement benefit obligations 16 12,088 13,548 4,761,823 3,147,056 Total liabilities 4,995,120 3,347,493 Total equity and liabilities 11,237,715 8,294,346 The notes on pages 7 to 56 are an integral part of these consolidated financial statements.
3 -3- JIANGLING MOTORS CORPORATION, LTD.CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2010 (All amounts in RMB unle otherwise stated) Year ended 31 December Note 2010 2009 RMB000 RMB000 Revenue 19 15,767,897 10,433,205 Sales tax (287,283) (180,523) Cost of sales 20 (11,696,3
