Huawei 2011 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2011 Huawei annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 104

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104

58
/
17. Trade and other payables
18. Construction contracts
2011 2010
CNY 'million CNY 'million
Trade payables due to related parties 894 1,274
Other trade payables 26,145 27,330
Bills payable and letter of credit payables 8,685 10,720
Gross amount due to customers for contract work 2,325 2,023
Non-trade payables due to related parties 5 15
Other non-trade payables and accrued expenses 53,538 41,294
91,592 82,656
The aggregate amount of costs incurred plus
recognised profits less recognised losses to date for
the Group, included in the gross amount due from/to
All of the trade and other payables are expected to be settled within one year or are repayable on demand.
19. Provisions and contingencies
The provision for warranties relates primarily to
equipment sold during the year. The provision is
determined based on estimates made from historical
warranty data associated with similar products and
(a) Provision for warranties
2011 2010
CNY 'million CNY 'million
Balance at January 1 1,556 1,175
Provision made during the year 2,449 1,962
Provision used during the year (2,043) (1,581)
Balance at December 31 1,962 1,556
services and anticipated rates of warranty claims for its
products. The Group expects to settle majority of the
liability within the next twelve months.
customers for contract work at 31 December 2011, is
CNY27,053,171,000 (2010: CNY46,008,688,000).
Consolidated Financial Statements Summary and Notes