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2009/10 Annual Report Lenovo Group Limited
127127
28 Non-current liabilities (continued)
(c) The current portion of non-current liabilities presented in the balance sheet are as follows:
Group Company
2010 2009 2008 2010 2009
US$’000 US$’000 US$’000 US$’000 US$’000
Marketing rights 7,575 – 11,443 – –
Electronic waste
disposal levy 2,975 2,359 2,138 – –
Interest-bearing
bank loans 230,000 435,000 35,000 230,000 435,000
Deferred revenue 196,806 203,514 180,846 – –
437,356 640,873 229,427 230,000 435,000
The interest-bearing bank loans classified as current portion of non-current liabilities comprise US$200 million (2009:
US$400 million) of the 5-year revolving term loan with syndicated banks and US$30 million (2009: US$35 million) of
the 5-year fixed rate loan facility with a bank in China.
29 Share capital
2010
2009
Number of Number of
shares HK$’000 shares HK$’000
Authorized:
At the beginning and end of the year
Ordinary shares 20,000,000,000 500,000 20,000,000,000 500,000
Series A cumulative convertible
preferred shares 3,000,000 27,525 3,000,000 27,525
527,525 527,525
Number of Number of
shares US$’000 shares US$’000
Issued and fully paid:
Voting ordinary shares:
At the beginning of the year 9,211,389,406 29,530 8,888,786,650 28,496
Issue of ordinary shares (Note 37) 111,668,936 359 – –
Conversion from non-voting
ordinary shares – – 375,282,756 1,203
Conversion from Series A cumulative
convertible preferred shares 369,112,652 1,190 – –
Exercise of share options 32,370,500 104 24,948,000 80
Exercise of warrants 63,502,788 205 – –
Repurchase of shares – – (77,628,000) (249)
At the end of the year 9,788,044,282 31,388 9,211,389,406 29,530
Non-voting ordinary shares:
At the beginning of the year – – 375,282,756 1,203
Conversion to voting ordinary shares – – (375,282,756) (1,203)
At the end of the year – – – –
Issued and fully paid ordinary shares 9,788,044,282 31,388 9,211,389,406 29,530
Issued and fully paid Series A cumulative
convertible preferred shares (Note 28(b)):
At the beginning of the year 1,774,999 2,081 1,774,999 2,081
Conversion to voting ordinary shares (1,005,832) (1,190) – –
At the end of the year 769,167 891 1,774,999 2,081