As at December 31, 2011

Notes 2011 2010
    US$’000 US$’000
ASSETS    
Non-current assets
Property, plant and equipment
17 3,774 7,402
Intangible assets
20 14,710 26,188
Investments in subsidiaries
22 389,074 367,708
Loans to subsidiaries
22 536,347 317,943
Interests in associates
23 21,323 24,704
Available-for-sale investments
24 218 217
965,446 744,162
Current assets
Inventories
25 1,582 4,674
Trade and other receivables
26 3 8,963
Deposits and prepayments
17,762 13,540
Bills receivable
27 10,620
Tax recoverable
3,323
Amounts due from subsidiaries
28 813,857 1,088,098
Derivative financial instruments
30 2,998 5,989
Held-for-trading investments
31 8,288 10,696
Bank balances, deposits and cash
32 27,032 171,925
874,845 1,314,505
Current liabilities
Trade and other payables
33 14,901 47,017
Bills payable
34 42,994
Warranty provision
35 245 2,444
Derivative financial instruments
30 7,605 4,559
Amounts due to subsidiaries
28 338,475 152,147
Trade payable to an associate
36 4,127
Tax payable
523
Obligations under finance leases - due within one year
38 39
Discounted bills with recourse
39 323,959
Unsecured borrowings - due within one year
42 80,793 214,816
Convertible bonds
43 134,001
576,020 792,625
Net current assets  298,825 521,880
Total assets less current liabilities 1,264,271 1,266,042
Capital and Reserves
Share capital
44 20,533 20,598
Reserves
45 980,020 817,950
1,000,553 838,548
Non-current Liabilities
Unsecured borrowings - due after one year
42 263,094 297,475
Convertible bonds
43 127,225
Deferred tax liabilities
47 624 2,794
263,718 427,494
Total equity and non-current liabilities 1,264,271 1,266,042
Chi Chung Chan Stephan Horst Pudwill
Group Executive Director Group Executive Director