上海锦江国际酒店发展股份有限公司
A 股股票代码：600754
B 股股票代码：900934
2013 年半年度报告
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
重要提示
一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准
确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。
二、 本公司第七届董事会第十一次会议于 2013 年 8 月 27 日审议通过了本半年度报告。公
司全体董事出席董事会会议。
三、本公司按中国会计准则编制 2013 年半年度财务报表，经德勤华永会计师事务所（特殊
普通合伙）审阅，注册会计师唐恋炯先生、倪敏先生签字出具了德师报(阅)字(13)第 R0029
号标准无保留结论的审阅报告。
四、 公司负责人董事长俞敏亮先生、首席执行官张晓强先生、主管会计工作负责人执行总
裁卢正刚先生及会计机构负责人吴琳女士声明：保证本半年度报告中财务报告的真实、准
确、完整。
五、是否存在被控股股东及其关联方非经营性占用资金情况？
否
六、 是否存在违反规定决策程序对外提供担保的情况？
否
七、本半年度报告分别以中文和英文两种文字编制，在对中外文文本的理解发生歧义时，
以中文文本为准。
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
目录
第一节 释义 4
第二节 公司简介 5
第三节 会计数据和财务指标摘要 7
第四节 董事会报告 9
第五节 重要事项 31
第六节 股份变动及股东情况 37
第七节 董事、监事、高级管理人员情况 39
第八节 财务报告 40
第九节 备查文件目录 40
附：1、审阅报告 41
2、财务报表 42
3、财务报表附注 50
4、补充资料 154
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
第一节 释义
一、 释义
在本报告书中，除非文义另有所指，下列词语具有如下含义：
常用词语释义
公司、本公司、锦江股份 指 上海锦江国际酒店发展股份有限公司
锦江酒店集团 指 上海锦江国际酒店（集团）股份有限公司，本公司控股股东
锦江国际（集团）有限公司，锦江股份、锦江酒店集团之法
锦江国际 指
人实际控制人
锦江之星 指 锦江之星旅馆有限公司
旅馆投资公司 指 上海锦江国际旅馆投资有限公司
金广快捷 指 山西金广快捷酒店管理有限公司
锦江都城 指 上海锦江都城酒店管理有限公司
时尚之旅 指 时尚之旅酒店管理有限公司
达华宾馆 指 上海锦江达华宾馆有限公司
闵行饭店 指 上海闵行饭店有限公司
东亚饭店 指 上海锦江国际酒店发展股份有限公司东亚饭店
南京饭店 指 上海锦江国际酒店发展股份有限公司南京饭店
餐饮投资公司 指 上海锦江国际餐饮投资管理有限公司
新亚食品 指 上海新亚食品有限公司
锦江食品 指 上海锦江国际食品餐饮管理有限公司
锦箸餐饮 指 上海锦箸餐饮管理有限公司
新亚大家乐 指 上海新亚大家乐餐饮有限公司
锦江同乐 指 上海锦江同乐餐饮管理有限公司
上海吉野家 指 上海吉野家快餐有限公司
上海肯德基 指 上海肯德基有限公司
新亚富丽华 指 上海新亚富丽华餐饮股份有限公司
杭州肯德基 指 杭州肯德基有限公司
无锡肯德基 指 无锡肯德基有限公司
苏州肯德基 指 苏州肯德基有限公司
静安面包房 指 上海静安面包房有限公司
锦江财务公司 指 锦江国际集团财务有限责任公司
长江证券 指 长江证券股份有限公司
湖北长欣 指 湖北长欣投资发展有限责任公司
中国证监会 指 中国证券监督管理委员会
上交所 指 上海证券交易所
香港联交所 指 香港联合交易所有限公司
上海市国资委 指 上海市国有资产监督管理委员会
每间可供客房提供的每日平均客房收入，平均客房收入=平
RevPAR 指
均房价×平均出租率
《公司章程》 指 《上海锦江国际酒店发展股份有限公司章程》
报告期、本半年度 指 公历 2013 年 01 月 01 日至 2013 年 06 月 30 日
元、万元 指 人民币元、人民币万元
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
第二节 公司简介
一、 公司信息
公司的中文名称 上海锦江国际酒店发展股份有限公司
公司的中文名称简称 锦江股份
Shanghai Jin Jiang International Hotels
公司的外文名称
Development Co., Ltd.
公司的法定代表人 俞敏亮
二、 联系人和联系方式
董事会秘书 证券事务代表
姓名 胡暋 张珏
联系地址 上海市延安东路 100 号 25 楼 上海市延安东路 100 号 25 楼
电话 86-21-63217132 86-21-63217132
传真 86-21-63217720 86-21-63217720
电子信箱 JJIR@jinjianghotels.com JJIR@jinjianghotels.com
三、 基本情况变更简介
上海市浦东新区杨高南路 889 号东锦江大酒店
公司注册地址
商住楼四层（B 区域）
公司注册地址的邮政编码 200127
公司办公地址 上海市延安东路 100 号 25 楼
公司办公地址的邮政编码 200002
公司网址 http://www.jinjianghotels.sh.cn
电子信箱 JJIR@jinjianghotels.com
公司注册地址变更，请详见公司于 2013 年 3 月
报告期内变更情况查询索引
28 日披露的第七届董事会第六次会议决议公告
四、 信息披露及备置地点变更情况简介
公司选定的信息披露报纸名称 上海证券报、大公报
登载半年度报告的中国证监会指定网站的网址 www.sse.com.cn
公司半年度报告备置地点 公司董事会秘书室
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
五、 公司股票简况
公司股票简况
股票种类 股票上市交易所 股票简称 股票代码 变更前股票简称
A股 上海证券交易所 锦江股份 600754 新亚股份
B股 上海证券交易所 锦江 B 股 900934 新亚 B 股
六、 公司报告期内的注册变更情况
企业法人营业执照注册号 310000400101473（市局）
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
第三节 会计数据和财务指标摘要
一、 公司主要会计数据和财务指标
(一) 主要会计数据
单位：元 币种：人民币
本报告期比
主要会计数据 2013 年 1 至 6 月份 2012 年 1 至 6 月份
上年同期增减(%)
营业收入 1,203,320,942.20 1,112,975,201.54 8.12
归属于上市公司股东的净利润 168,057,536.12 224,766,986.23 -25.23
归属于上市公司股东的扣除非
124,108,126.90 161,377,435.42 -23.09
经常性损益的净利润
经营活动产生的现金流量净额 288,784,087.87 279,903,843.99 3.17
本报告期末比
2013 年 6 月 30 日 2012 年 12 月 31 日
上年度末增减(%)
归属于上市公司股东的净资产 4,032,396,559.28 4,246,411,923.90 -5.04
总资产 6,845,899,869.83 5,412,172,930.75 26.49
(二) 主要财务指标
本报告期比
主要财务指标 2013 年 1 至 6 月份 2012 年 1 至 6 月份
上年同期增减(%)
基本每股收益（元／股） 0.2786 0.3726 -25.23
稀释每股收益（元／股） 不适用 不适用 不适用
扣除非经常性损益后的基本每股收
0.2057 0.2675 -23.09
益（元／股）
加权平均净资产收益率（%） 3.89 5.40 减少 1.51 个百分点
扣除非经常性损益后的加权平均净
2.88 3.88 减少 1.00 个百分点
资产收益率（%）
二、 非经常性损益项目和金额
单位：元 币种：人民币
非经常性损益项目 金额 附注（如适用）
非流动资产处置损益 -193,373.22
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
计入当期损益的政府补助，但与公司正常
经营业务密切相关，符合国家政策规定、 锦江之星、新亚大家乐等取得的
19,046,502.02
按照一定标准定额或定量持续享受的政 政府补助
府补助除外
除同公司正常经营业务相关的有效套期
保值业务外，持有交易性金融资产、交易
出售长江证券股票取得的投资
性金融负债产生的公允价值变动损益，以 40,068,645.88
收益
及处置交易性金融资产、交易性金融负债
和可供出售金融资产取得的投资收益
除上述各项之外的其他营业外收入和支
1,605,628.78
出
少数股东权益影响额 -1,425,975.10
出售长江证券股票和取得政府
所得税影响额 -15,152,019.14
补助等应纳所得税额
合计 43,949,409.22
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
第四节 董事会报告
一、 董事会关于公司报告期内经营情况的讨论与分析
今年上半年，全球经济持续低迷，中国经济增速放缓，国内住宿和餐饮业同比增速 4.7%。
于今年 1 月 10 日，百胜餐饮集团就鸡肉原料事件向消费者道歉。于今年 3 月 31 日，国家卫生
和计划生育委员会向社会公布了人感染 H7N9 禽流感病毒病例。面对复杂多变经营环境，公司坚
定不移地执行发展战略，积极实施变革整合等措施，强化运营管理，较好地完成了今年上半年
主要经营任务。
根据董事会确定的公司定位于有限服务型酒店的发展战略，公司签署了相关重要合同（或
协议），并开始实施业务整合。
于今年 3 月 29 日，公司与锦江酒店集团签署《委托经营合同》，同时与锦江酒店集团子公
司上海南华亭酒店有限公司、上海金沙江大酒店有限公司、上海白玉兰宾馆有限公司分别签署
《租赁合同》。自 2013 年 4 月 1 日起，受托经营新亚大酒店和新城饭店，承租南华亭酒店、金
沙江大酒店和白玉兰宾馆三家公司物业资产。五家酒店现有客房 1,276 间。于 2013 年 4 至 6 月
份，这五家酒店的营业收入为 3,543 万元，扣除折旧摊销利息所得税前的利润（EBITDA）为-926
万元。公司根据董事会的相关决议精神，正在抓紧制定这五家酒店的业务整合实施方案。
于今年 6 月 14 日，公司与天津华胜旅业股权投资合伙企业（有限合伙）、中国华力控股集
团有限公司签署《时尚之旅酒店管理有限公司股权转让协议》。于今年 6 月 17 日，北京市工商
行政管理局颁发了完成工商变更登记的时尚之旅酒店管理有限公司《企业法人营业执照》。截至
报告期末，时尚之旅持有开业酒店 16 家，客房 2,382 间；尚未开业酒店 5 家，客房 728 间。公
司根据董事会的相关决议精神，正在实施对时尚之旅及其二十一家酒店的系统整合工作。
于 2013 年 6 月 14 日，公司（作为借款方）与锦江国际（作为委托方）、中国工商银行上海
市外滩支行（作为受托方）签订了《一般委托贷款借款合同》等相关文件。根据此借款合同，
公司从工行外滩支行获得由锦江国际提供的 6 个月期的人民币借款，借款总额为人民币 110,000
万元，年借款利率为 5.04%。此项借款已于 2013 年 6 月 24 日至 25 日借入，主要用于确保公司
有限服务型酒店业务发展的资金需求。
报告期内，公司主要会计数据同比发生变动及其主要因素如下 ：
于 2013 年 1 至 6 月份，公司实现合并营业收入 120,332 万元，比上年同期增长 8.12%。实
现利润总额 21,594 万元，比上年同期下降 22.63%。实现归属于上市公司股东的净利润 16,806
万元，比上年同期下降 25.23%。合并营业收入的同比增长，主要是公司有限服务型酒店业务收
入和食品与餐饮业务中团膳业务收入保持增长。利润总额和净利润的同比下降，主要受三个因
素变动的影响：一是有限服务型酒店业务利润同比增加 1,349 万元。二是上海肯德基因受鸡肉
原料事件和人感染 H7N9 禽流感疫情影响，致其今年上半年营业收入同比下降 27.39%，并给公
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
司带来报告期投资亏损 3,321 万元，上年同期为投资收益 2,697 万元。三是公司于报告期取得
可供出售金融资产项下出售税前收益和现金股利收入合计 6,361 万元，同比减少 2,668 万元。
于 2013 年 1 至 6 月份，公司实现经营活动产生的现金流量净额 28,878 万元，比上年同期
增长 3.17%。主要是有限服务型酒店业务收入和食品与餐饮业务中团餐业务收入增长等。
于 2013 年 6 月 30 日，公司资产总额 684,590 万元，比上年末增长 26.49%；负债总额 277,432
万元，比上年末增长 146.19%；归属于上市公司股东的净资产 403,240 万元，比上年末下降 5.04%。
总资产的同比增长，主要是公司于 2013 年 6 月 30 日将时尚之旅酒店管理有限公司纳入合并
财务报表范围。报告期末，时尚之旅酒店管理有限公司的总资产为 138,887 万元。负债总额的
同比增长，主要是公司于今年 6 月向锦江国际借入 110,000 万元人民币委托借款。归属于上市
公司所有者权益的同比下降，主要是公司于 2013 年 6 月份实施上年度利润分配方案支付现金
股利和长江证券等可供出售金融资产于报告期末公允价值下降等。
有限服务型酒店业务
于 2013 年 1 至 6 月份，有限服务型酒店业务实现合并营业收入 107,928 万元，比上年同
期增长 6.70%；实现营业利润 14,595 万元，比上年同期增长 2.16%；实现归属于有限服务型酒
店业务分部的净利润 12,339 万元，比上年同期增长 12.27%。合并营业收入中的首次加盟费收
入 3,630 万元，比上年同期增长 31.33%；持续加盟费收入 6,837 万元，比上年同期增长 24.56%；
中央订房系统渠道销售费 1,741 万元，比上年同期增长 70.19%。
1、有限服务型酒店开业和签约情况
于 2013 年 1 至 6 月份，净增开业有限服务型连锁酒店 82 家，其中直营酒店 37 家，加盟
酒店 45 家。在上半年度净增开业的 82 家酒店中， “锦江之星”品牌连锁酒店增加 52 家，“百
时快捷”品牌连锁酒店增加 4 家，“金广快捷”品牌连锁酒店增加 5 家， “白玉兰”品牌连锁
酒店增加 1 家，品牌整合中酒店（指通过收购、租赁或委托经营等方式取得的、且需实施品牌
转换之酒店，下同）增加 20 家。
截至 2013 年 6 月 30 日，已经开业的有限服务型连锁酒店合计为 772 家，其中开业直营酒
店 229 家，开业加盟酒店 543 家。开业的直营酒店家数和加盟酒店家数分别占全部开业酒店总
数的 29.66%和 70.34%。已经开业的有限服务型连锁酒店客房总数 94,068 间，其中开业直营酒
店客房总数 32,243 间，开业加盟酒店客房总数 61,825 间。开业的直营酒店客房间数和加盟酒
店客房间数分别占全部开业酒店客房总数的 34.28%和 65.72%。
在截至 2013 年 6 月 30 日已经开业的 772 家有限服务型连锁酒店中，“锦江之星”品牌连
锁酒店 653 家，“百时快捷”品牌连锁酒店 67 家，“金广快捷”品牌连锁酒店 25 家，“白玉兰”
品牌连锁酒店 7 家，品牌整合中酒店 20 家。
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
于 2013 年 1 至 6 月份，净增签约有限服务型连锁酒店 78 家，其中直营酒店 35 家，加盟
酒店 43 家。
截至 2013 年 6 月 30 日，已经签约的有限服务型连锁酒店合计达到 978 家，其中签约直营
酒店 264 家，签约加盟酒店 714 家。签约的直营酒店家数和加盟酒店家数分别占全部签约酒店
总数的 26.99%和 73.01%。已经签约的有限服务型连锁酒店客房总数 116,152 间，其中签约直营
酒店客房间数 36,815 间，签约加盟酒店客房间数 79,337 间。签约的直营酒店客房间数和加盟
酒店客房间数分别占全部签约酒店客房总间数的 31.70%和 68.30%。
在截至 2013 年 6 月 30 日已经签约的 978 家有限服务型连锁酒店中，“锦江之星”品牌连
锁酒店 817 家，“百时快捷”品牌连锁酒店 79 家，“金广快捷”品牌连锁酒店 45 家，“白玉兰”
品牌连锁酒店 10 家，品牌整合中酒店 27 家。
截至 2013 年 6 月 30 日，公司旗下签约有限服务型连锁酒店分布于中国 31 个省、自治区和
直辖市的 237 个城市。
下表列示了公司截至 2013 年 6 月 30 日全部有限服务型酒店家数和客房间数情况：
省(或直 开业酒店 签约酒店
辖市、自 直营酒店 加盟酒店 直营酒店 加盟酒店
治区) 酒店家数 客房间数 酒店家数 客房间数 酒店家数 客房间数 酒店家数 客房间数
北京 7 1,178 40 4,897 7 1,178 46 5,452
天津 8 1,225 7 738 9 1,355 12 1,264
河北 3 465 19 2,283 5 673 33 3,751
山西 15 1,890 15 1,858 18 2,196 17 2,057
内蒙古 1 128 10 1,388 1 128 19 2,424
辽宁 12 1,852 22 2,456 17 2,476 32 3,465
吉林 7 1,011 5 565 7 1,011 10 1,019
黑龙江 1 128 8 890 1 128 9 1,009
上海 39 5,956 61 7,107 43 6,469 74 8,237
江苏 34 4,125 105 11,617 36 4,408 126 13,686
浙江 21 2,702 34 3,608 23 2,994 48 4,893
安徽 6 852 14 1,429 7 998 19 1,936
福建 7 934 16 1,895 9 1,224 25 2,945
江西 5 700 9 1,068 5 700 13 1,464
山东 8 1,046 69 7,222 9 1,206 82 8,611
河南 4 755 25 3,061 5 889 35 4,175
湖北 11 1,863 14 1,564 11 1,863 17 1,855
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
湖南 5 737 3 415 6 877 4 506
广东 11 1,608 18 2,088 12 1,710 24 2,777
广西 2 387 2 151 3 498 3 281
海南 1 283 2 239 1 283 5 603
重庆 2 257 2 257
四川 5 736 7 763 10 1,348 11 1,132
贵州 6 595 8 832
云南 2 249 2 203 3 455 6 547
西藏 1 69 1 69
陕西 4 477 20 2,681 6 792 24 3,206
甘肃 2 163 3 342 2 163 3 342
青海 3 196 2 239 3 196 2 239
宁夏 1 173 3 250 1 173 4 350
新疆 1 98 2 213 1 98 3 279
合计 229 32,243 543 61,825 264 36,815 714 79,337
注：1、签约酒店包括开业酒店和尚在筹建中的酒店。
2、有限服务型酒店包括“锦江之星”、“百时快捷”、“金广快捷”、“白玉兰”等品
牌酒店，以及 “品牌整合中”酒店。
3、本表已包括公司附属的南京饭店、闵行饭店和锦江达华宾馆。
2、已经开业的有限服务型酒店客房运营情况
于 2013 年 1 至 6 月份，全部开业有限服务型连锁酒店（包括直营酒店和加盟酒店）实现的
客房收入 226,186 万元，比上年同期增加 31,635 万元，增长 16.26%。
于 2013 年 4 至 6 月份，开业的有限服务型连锁酒店的客房平均出租率 85.23%，比上年同
期减少 2.69 个百分点；平均房价 179.05 元，比上年同期下降 1.24%；每间可供客房提供的客
房收入（RevPAR）152.60 元，比上年同期下降 4.26%。
下表列示了于 2009 年至 2013 年各第二季度公司开业有限服务型连锁酒店客房运营情况：
2009 年 2010 年 2011 年 2012 年 2013 年
4 至 6 月份 4 至 6 月份 4 至 6 月份 4 至 6 月份 4 至 6 月份
平均出租率（%） 82.78 89.92 89.03 87.92 85.23
平均房价（元/间） 174.44 186.50 177.83 181.29 179.05
RevPAR 144.40 167.70 158.32 159.39 152.60
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
于 2013 年 1 至 6 月份，开业的有限服务型连锁酒店的客房平均出租率 81.20%，比上年同
期减少 2.58 个百分点；平均房价 177.06 元，比上年同期下降 1.01%；每间可供客房提供的客
房收入（RevPAR）143.77 元，比上年同期下降 4.05%。
下表列示了于 2009 年至 2013 年各上半年度公司开业有限服务型连锁酒店客房运营情况：
2009 年 2010 年 2011 年 2012 年 2013 年
6 月 30 日 6 月 30 日 6 月 30 日 6 月 30 日 6 月 30 日
开业酒店家数 284 369 485 606 772
开业酒店客房间数 38,323 49,023 61,504 74,457 94,068
2009 年 2010 年 2011 年 2012 年 2013 年
上半年 上半年 上半年 上半年 上半年
平均出租率（%） 79.19 84.06 84.48 83.78 81.20
平均房价（元/间） 171.89 179.67 175.54 178.86 177.06
RevPAR 136.12 151.03 148.30 149.84 143.77
注：1、“平均出租率”包括以“日住房”形式出租的客房间数。
2、“RevPAR”是指每间可供客房提供的每日平均客房收入，以下同。
下表列示了全部开业有限服务型连锁酒店 2013 年 1 至 6 月份分品牌的 RevPAR 及其与上年
同期的比较情况：
平均房价（元） 平均出租率（%） RevPAR（元）
2013 年 2012 年 2013 年 2012 年 2013 年 2012 年 同比
1 至6月 1至6月 1 至6月 1至6月 1 至6月 1至6月 增减(%)
锦江之星 180.18 181.94 82.04 84.25 147.82 153.29 -3.57
百时快捷 106.28 107.94 77.50 75.13 82.37 81.09 1.58
金广快捷 174.14 184.51 72.19 88.83 125.71 163.91 -23.31
白玉兰 233.09 213.47 64.17 66.58 149.57 142.13 5.23
全部品牌 176.70 178.86 81.35 83.78 143.75 149.84 -4.06
品牌整合中 279.19 - 53.42 - 149.14 - -
全部酒店 177.06 178.86 81.20 83.78 143.77 149.84 -4.05
截至 2013 年 6 月 30 日，在 772 家已经开业的有限服务型连锁酒店中，开业满 18 个月的酒
店为 543 家，占比为 70.34%；开业未满 18 个月的酒店为 229 家，占比为 29.66%。
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
下表列示了公司截至 2013 年 6 月 30 日已经开业酒店的情况：
首期租赁和
开业酒店 开业满 18 个月 开业不满 18 个月 每家酒店
加盟的期限
数量（家） 的酒店（家） 的酒店（家） 平均客房间数
（平均）
直营酒店 229 168 61 141 15 年
加盟酒店 543 374 169 114 8年
合计 772 542 230 122
下表列示了公司截至 2013 年 6 月 30 日全部开业酒店，以及开业满 18 个月酒店和开业未满
18 个月的酒店于 2013 年上半年的客房运营情况：
开业满 开业不满
全部开业酒店
18 个月的酒店 18 个月的酒店
客房出租率（%）： 81.20 84.22 70.97
其中：直营酒店 81.95 84.89 62.90
加盟酒店 80.85 83.84 72.84
平均房价（元/间） 177.06 180.10 164.82
其中：直营酒店 181.41 183.81 160.36
加盟酒店 174.99 177.99 165.71
RevPAR（元/间） 143.77 151.68 116.97
其中：直营酒店 148.67 156.04 100.87
加盟酒店 141.48 149.23 120.70
预计 2013 年第三季度有限服务型连锁酒店运营及管理业务收入 65,200 万元至 72,000 万
元。预计 2013 年 1 至 9 月份有限服务型连锁酒店运营及管理业务收入 173,128 万元至 179,928
万元，鉴于经营过程中存在各种不确定性，这些预计数据最终与定期报告数据存在差异，因而
该等预计数据仅供投资者参考。
食品与餐饮业务
于 2013 年 1 至 6 月份，食品与餐饮业务实现合并营业收入 12,393 万元，比上年同期增长
22.26%；驱动公司食品与餐饮业务合并营业收入增长的主要因素，是从事团膳业务的锦江食品
公司营业收入的大幅增长。另外，新亚大家乐、锦江同乐等附属公司和上海肯德基、上海吉野
家等联营公司的营业收入，与上年同期相比分别出现不同程度的下降，主要是受食品安全事件、
人感染 H7N9 禽流感疫情和其他内外环境因素的影响。归属于食品与餐饮业务分部的净利润 542
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
万元，比上年同期下降 89.50%；下降的主要原因是上海肯德基因受鸡肉原料事件和禽流感疫情
影响，致其今年上半年出现亏损 7,907 万元，并给公司带来投资亏损 3,321 万元，上年同期为
投资收益 2,697 万元。
以下列示了部分食品与餐饮企业的上半年度营业收入和上半年末连锁营业门店数量情况：
公司持有 100%股权的上海新亚食品有限公司于 2013 年上半年度实现营业收入 61 万元，比
上年同期增长 79.41%。
公司持有 100%股权的上海锦江国际食品餐饮管理有限公司，主要从事各类食品及餐饮管理
等业务。于 2013 年上半年度实现营业收入 3,655 万元，比上年同期增加 3,646 万元；报告期末
管理团膳餐厅为 24 家，上年末为 11 家。
公司持有 100%股权的上海锦箸餐饮管理有限公司，于今年 5 月在上海市浦东新区开设了第
一家“鼎味源”餐厅。于 2013 年上半年度实现营业收入 43 万元。
公司持有 75%股权的上海新亚大家乐餐饮有限公司于 2013 年上半年度实现营业收入 7,440
万元，比上年同期下降 15.98%；报告期末连锁门店总数为 64 家，其中点心小铺 10 家；上年末
连锁门店总数为 57 家，其中点心小铺 1 家。
公司持有 51%股权的上海锦江同乐餐饮管理有限公司于 2013 年上半年度实现营业收入
1,084 万元，比上年同期下降 12.37%；报告期末餐厅总数为 2 家，上年末为 2 家。
公司持有 42.815%股权的上海吉野家快餐有限公司于 2013 年上半年度实现营业收入 3,235
万元，比上年同期下降 20.69%；报告期末连锁餐厅总数为 21 家，上年末为 24 家。
公司持有 42%股权的上海肯德基有限公司于 2013 年上半年度实现营业收入 107,981 万元，
比上年同期下降 27.39%；报告期末连锁餐厅总数为 308 家，上年末为 310 家。
社会责任履行
公司在发展过程中，不仅将实现股东价值最大化作为企业追求的目标，同时以企业长期价
值最大化为使命，将社会责任摆在企业战略发展的重要位置，以达到企业经济效益和社会利益
的共赢。
公司以对社会负责和对人类负责的高度责任心，尤其重视将保护环境作为公司的一项重要
业务进行管理。“锦江之星”等品牌的经济型连锁酒店是根据国家绿色饭店的标准要求设计建造
的，是一种全新概念的经济型绿色酒店。例如：在缺水型城市酒店里使用了中水系统（把雨水
收集起来经过循环系统最终用于冲洗厕所及绿化用水等），采用高效的换气装置，推广使用保温、
隔热建筑材料和能源计量监测系统等一系列举措；锦江之星客房里所用材料经过公司工程部门
的随机检测以及外部权威机构检测，所选用的材料达到国家环保规定标准；同时锦江之星还注
重安全措施，对房屋结构进行检测与加固，达到当地的国家抗震标准，并采用先进的红外线防
盗系统。公司将绿色环保理念全面融入经济型酒店的设计、设备、材料、服务和经营与管理中，
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
进一步突出了“锦江之星”等品牌的经济型连锁酒店“安全、健康、舒适、专业”的特点，以
实现酒店的经济效益、社会效益和生态环境的有机统一。
本公司一贯注重改善职工薪酬与福利待遇，报告期内，本公司继续努力改善职工薪酬、完
善员工补充医疗保险计划。此外，本公司还积极投保《雇主责任险》，强化对员工安全和生活保
障的力度，取得了良好的效果。
(一) 主营业务分析
1、利润表及现金流量表相关科目变动分析表
于 2013 年 1 至 6 月份，公司合并利润表及合并现金流量表项目变动的情况及其主要原因如
下：
单位：元 币种：人民币
科目 本期数 上年同期数 变动比例（%）
营业收入 1,203,320,942.20 1,112,975,201.54 8.12
营业成本 140,776,538.36 129,901,099.42 8.37
销售费用 627,252,519.90 571,288,426.97 9.80
管理费用 250,682,952.35 227,374,397.03 10.25
财务费用 3,390,346.98 4,639,859.36 -26.93
资产减值损失 0 4,433,011.03 不适用
投资收益 80,599,168.47 158,810,225.05 -49.25
营业外收入 21,323,238.44 11,203,823.36 90.32
营业外支出 864,480.86 4,195,355.82 -79.39
少数股东损益 1,828,166.94 17,778.24 10183.17
经营活动产生的现金流量净额 288,784,087.87 279,903,843.99 3.17
投资活动产生的现金流量净额 -777,834,800.21 -62,581,937.27 不适用
筹资活动产生的现金流量净额 201,780,122.77 -225,304,205.84 不适用
研发支出 不适用 不适用 不适用
变动原因分析：
营业收入
本期 1,203,320,942.20 元，上年同期 1,112,975,201.54 元，上升 8.12%，主要是公司有
限服务型连锁酒店业务和食品与餐饮业务中团膳业务收入保持增长所致。自今年 4 月 1 日起，
公司受托经营新亚大酒店和新城饭店，承租南华亭酒店、金沙江大酒店和白玉兰宾馆三家公司
物业资产。于 2013 年 4 至 6 月份，这五家受托（或租赁）经营酒店的营业收入为 3,543 万元。
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
营业成本
本期 140,776,538.36 元，上年同期 129,901,099.42 元，上升 8.37%，主要是增加五家受
托（或租赁）经营酒店的营业成本，以及食品与餐饮业务中团膳业务随营业收入增加而相应增
加营业成本等。
销售费用
本期 627,252,519.90 元，上年同期 571,288,426.97 元，上升 9.80%，主要是增加受托（或
租赁）经营五家酒店销售费用等。
管理费用
本期 250,682,952.35 元，上年同期 227,374,397.03 元，上升 10.25%，主要是增加受托（或
租赁）经营五家酒店管理费用等。
财务费用
本期 3,390,346.98 元，上年同期 4,639,859.36 元，下降 26.93%，主要是银行结算手续费
率降低和 B 股股利发放购买外汇产生汇兑收益所致。
资产减值损失
本期 0 元，上年同期 4,433,011.03 元，主要是上年同期计提对静安面包房长期股权投资减
值准备所致。
投资收益
本期 80,599,168.47 元，上年同期 158,810,225.05 元，下降 49.25%，主要是上海肯德基
报告期发生亏损，并给公司带来投资亏损 3,321 万元（上年同期为取得投资收益 2,697 万元），
以及公司取得处置可供出售金融资产收益同比减少 3,778 万元和取得持有可供出售金融资产期
间收益同比增加 1,110 万元等共同影响所致。
营业外收入
本期 21,323,238.44 元，上年同期 11,203,823.36 元，上升 90.32%，主要是锦江之星和新
亚大家乐等取得政府补助收入比上年同期增加所致。
营业外支出
本期 864,480.86 元，上年同期 4,195,355.82 元，下降 79.39%，主要是上年同期东亚饭店
和达华宾馆因实施全面修缮而处置非流动资产损失所致。
少数股东损益
本期 1,828,166.94 元，上年同期 17,778.24 元，上升 10,183.17%，主要是锦江之星利润
总额同比增加，以及新亚大家乐亏损总额同比减少等所致。
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
⑴ 经营活动产生的现金流量净额
本期 288,784,087.87 元，上年同期 279,903,843.99 元，上升 3.17%。主要是公司有限服
务型酒店业务和食品与餐饮业务中团膳业务保持增长等而相应增加经营活动现金流量净额所
致。
⑵ 投资活动产生的现金流量净额
本期-777,834,800.21 元，上年同期-62,581,937.27 元，净流出额增加 715,252,862.94 元。
主要是本期支付受让时尚之旅股权价款 63,900 万元，以及本期处置可供出售金融资产同比减少
和有限服务型酒店固定资产投资同比增加等共同影响所致。
⑶ 筹资活动产生的现金流量净额
本期 201,780,122.77 元，上年同期-225,304,205.84 元，净增加 427,084,328.61 元，主
要是本期借入锦江国际委托借款 110,000 万元和时尚之旅偿还委托借款 67,500 万元共同影响所
致。
2、 其它
(1) 公司利润构成或利润来源发生重大变动的详细说明
本公司主要从事有限服务型酒店营运及管理业务和食品及餐饮业务。同时，公司持有一定
数额的可供出售金融资产如长江证券股票。公司的利润来源主要由这三个方面组成。
于 2013 年 1 至 6 月，公司食品及餐饮业务分部利润 542 万元，比上年同期减少 4,621 万元。
占当期净利润的比重约为 3%，比上年度减少约 19 个百分点。主要原因是上海肯德基因受鸡肉
原料事件和人感染 H7N9 禽流感疫情等影响，报告期给公司带来投资亏损 3,321 万元，上年同期
为取得投资收益 2,697 万元。同时，新亚大家乐本期比上年同期减少亏损 885 万元。主要受此
影响，报告期内公司来自于主营业务分部归属于母公司的净利润为 12,212 万元，比上年同期减
少 3,966 万元。
于 2013 年 1 至 6 月，公司可供出售金融资产交易和持有期间所获得的投资收益合计 6,361
万元，比上年同期减少 2,668 万元。可供出售金融资产交易和持有期间所获得的投资收益占当
年度公司净利润的比重约为 37%，比上年度减少约 3 个百分点。其中，处置可供出售金融资产
取得的所得税前收益 4,007 万元，比上年同期减少 3,778 万元；持有可供出售金融资产期间取
得的投资收益 2,354 万元，比上年同期增加 1,110 万元。
(2) 经营计划进展说明
公司本年度拟订的经营计划：全年预计实现营业收入 257,000 万元，报告期实际完成
120,332 万元，完成年度计划的 46.82%。目前预计，公司可以完成年度经营计划。
18
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
(二) 行业、产品或地区经营情况分析
1、 主营业务分行业、分产品情况
单位：元 币种：人民币
营业收入 营业成本 毛利率比
毛利率
分行业 营业收入 营业成本 比上年 比上年 上年增减
（％）
增减(%) 增减(%) （%）
有限服务
型酒店营 增加 0.17 个
1,079,279,664.26 81,777,800.33 92.42 6.70 4.30
运及管理 百分点
业务
食品与餐 增加 3.19 个
123,932,077.94 58,998,738.03 52.39 22.26 14.57
饮业务 百分点
其他业务 109,200.00 0.00 100 -6.35 不适用 不适用
减少 0.03 个
合计 1,203,320,942.20 140,776,538.36 88.30 8.12 8.37
百分点
注：毛利率= [（营业收入-营业成本）/营业收入]×100%
于 2013 年 1 至 6 月份，公司有限服务型连锁酒店业务毛利率 92.42%，同比略增 0.17 个百
分点，保持较好的盈利水平。食品与餐饮业务毛利率为 52.39%，同比增加 3.19 个百分点，主
要是新亚大家乐等企业通过控制食品原料成本，提升了毛利率水平。加权平均毛利率略减 0.03
个百分点，主要是毛利率水平相对较低的食品与餐饮业务权重增加 1.19 个百分点所致。
2、 主营业务分地区情况
单位：元 币种：人民币
地区 营业收入 营业收入比上年增减（％）
上海 540,688,274.65 18.02
其他 662,632,667.55 1.19
合计 1,203,320,942.20 8.12
于 2013 年 1 至 6 月份，公司于上海地区营业收入的增加，主要是食品与餐饮业务中保持增
长的团膳业务和自今年 4 月 1 日起公司受托（或租赁）经营的五家酒店全部分布在上海地区。
（三）资产、负债情况分析
于 2013 年 1 至 6 月份，合并资产负债表项目变动的情况及其主要原因如下：
19
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
单位：元 币种：人民币
2013 年 2012 年 变动
项目
6 月 30 12 月 31 日 金额 %
货币资金 464,475,655.57 751,746,245.14 -287,270,589.57 -38.21
应收账款 83,724,201.75 50,282,126.38 33,442,075.37 66.51
应收利息 1,588,115.11 2,193,260.34 -605,145.23 -27.59
应收股利 109,856,044.44 0 109,856,044.44 不适用
其他流动资产 3,659,878.29 1,636,178.51 2,023,699.78 123.68
可供出售金融资产 923,806,899.78 1,150,338,438.54 226,531,538.76 -19.69
长期股权投资 159,962,212.03 235,181,122.39 -75,218,910.36 -31.98
固定资产 2,562,988,444.17 1,145,685,724.82 1,417,302,719.35 123.71
在建工程 622,462,122.23 344,042,695.44 278,419,426.79 80.93
商誉 91,957,221.06 40,171,417.85 51,785,803.21 128.91
长期待摊费用 1,309,974,669.41 1,235,118,999.61 74,855,669.80 6.06
其他非流动资产 40,357,450.46 0 40,357,450.46 不适用
短期借款 1,100,000,000.00 0 1,100,000,000.00 不适用
应付账款 832,229,888.20 400,533,427.22 431,696,460.98 107.78
应付利息 1,026,423.35 0 1,026,423.35 不适用
应付股利 2,166,909.03 305,520.26 1,861,388.77 609.25
其他应付款 206,901,535.60 149,308,627.99 57,592,907.61 38.57
一年内到期非流动
251,692.55 448,496.32 -196,803.77 -43.88
负债
递延所得税负债 270,606,460.27 210,037,306.99 60,569,153.28 28.84
其他非流动负债 6,521,328.62 2,920,400.84 3,600,927.78 123.30
资本公积 2,123,599,214.49 2,282,473,041.43 -158,873,826.94 -6.96
变动原因分析：
货币资金
本期末 464,475,655.57 元，上年末 751,746,245.14 元，下降 38.21%，主要是于本期内借
入委托借款 110,000 万元，并支付受让时尚之旅股权价款 63,900 万元、时尚之旅偿还委托借款
67,500 万元和公司支付 2012 年现金股利 22,320 万元等共同影响所致。
应收账款
本期末 83,724,201.75 元，上年末 50,282,126.38 元，上升 66.51%，主要是公司有限服务
型酒店业务和食品与餐饮业务中团膳业务收入增加、以及时尚之旅纳入财务报表合并范围等共
同影响所致。
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
应收利息
本期末 1,588,115.11 元，上年末 2,193,260.34 元，下降 27.59%，主要是公司于本期末定
期存款本金比上年末减少所致。
应收股利
本期末 109,856,044.44 元，上年末 0 元，主要是于本期末增加应收上海肯德基、长江证券
和杭州、苏州、无锡肯德基等上年现金股利所致。
其他流动资产
本期末 3,659,878.29 元，上年末 1,636,178.51 元，上升 123.68%，主要是于本期末增加
时尚之旅待摊费用等所致。
可供出售金融资产
本期末 923,806,899.78 元，上年末 1,150,338,438.54 元，下降 19.69%，主要是于本期末
可供出售金融资产公允价值下降等所致。
长期股权投资
本期末 159,962,212.03 元，上年末 235,181,122.39 元，下降 31.98%，主要是于本期末按
权益法核算的上海肯德基分配 2012 年股利及其本期内经营亏损等所致。
固定资产
本期末 2,562,988,444.17 元，上年末 1,145,685,724.82 元，上升 123.71%，主要是于本
期末增加时尚之旅固定资产等所致。
在建工程
本期末 622,462,122.23 元，上年末 344,042,695.44 元，上升 80.93%，主要是于本期末增
加时尚之旅在建工程等所致。
商誉
本期末 91,957,221.06 元，上年末 40,171,417.85 元，上升 128.91%，主要是于本期末新
增非同一控制下企业合并时尚之旅的合并成本大于合并中取得对方可辨认净资产公允价值份额
的差异所致。
⑴ 长期待摊费用
本期末 1,309,974,669.41 元，上年末 1,235,118,999.61 元，上升 6.06%，主要是于本期
末旅馆投资公司因新开门店增加转入所致。
⑵ 其他非流动资产
本期末 40,357,450.46 元，上年末 0 元，主要是于本期末增加时尚之旅地下建筑租赁使用
费所致。
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
⑶ 短期借款
本期末 1,100,000,000.00 元，上年末 0 元，主要是于本期内向锦江国际借入委托借款所致。
⑷ 应付账款
本期末 832,229,888.20 元，上年末 400,533,427.22 元，上升 107.78%，主要是于本期末
增加时尚之旅应付购房款、地下建筑租赁使用费和工程款等所致。
⑸ 应付利息
本期末 1,026,423.35 元，上年末 0 元，主要是于本期末预提委托借款利息所致。
⑹ 应付股利
本期末 2,166,909.03 元，上年末 305,520.26 元，上升 609.25%，主要是于本期末锦江之
星应付少数股东股利增加所致。
⑺ 其他应付款
本期末 206,901,535.60 元，上年末 149,308,627.99 元，上升 38.57%，主要是于本期末预
计受让时尚之旅股权尾款等所致。
⑻ 一年内到期非流动负债
本期末 251,692.55 元，上年末 448,496.32 元，下降 43.88%，主要是于本期末达华宾馆和
闵行饭店因全面修缮停用融资租赁设备地源热泵影响所致。
⑼ 递延所得税负债
本期末 270,606,460.27 元，上年末 210,037,306.99 元，上升 28.84%，主要是于本期末受
让时尚之旅股权而产生的评估增值和长江证券等可供出售金融资产于期末公允价值下降等共同
引起的递延所得税负债变动所致。
⑽ 其他非流动负债
本期末 6,521,328.62 元，上年末 2,920,400.84 元，上升 123.30%，主要是于本期末锦江
之星会员卡消费积分增加所致。
(21)资本公积
本期末 2,123,599,214.49 元，上年末 2,282,473,041.43 元，下降 6.96%，主要是长江证
券等期末公允价值下降所致。
（四） 核心竞争力分析
公司经过将近二十年的努力，已经或正在形成自己的核心竞争力。根据公司发展战略的总
体目标，公司将经过若干年的努力，进一步增加在“管理、品牌、网络、人才”方面的优势，
确立并巩固公司在有限服务型酒店等相关行业的市场先导地位。
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
在国家旅游局 2010 年版的饭店星级标准中，第一次将饭店划分为“有限服务型酒店”和“完
全服务型酒店”。根据这个标准，“有限服务型酒店”是指适合大众消费价格，为客人提供专业
化服务的酒店。通常在服务、市场、组织结构和设备配置与维修保养等方面，具有不同于“完
全服务型酒店”的特点。更加强调住宿核心功能。
公司在大力发展经济型酒店的同时，根据公司战略规划，对发展有限服务商务酒店进行了
较长时间的筹划，经过慎重考虑，公司将以 “锦江都城”品牌发展有限服务商务酒店业务。公
司也将充分利用和发挥锦江酒店集团作为亚洲领先酒店集团、管理高星级酒店的平台优势，保
证较高的服务品质、管理水平和连锁化程度，加快品牌创建，扩大市场影响，为今后的长远发
展奠定坚实基础。
根据公司控股股东锦江酒店集团正在进行的品牌梳理和业务定位，锦江酒店集团酒店业务
涵盖全服务酒店和有限服务酒店，其中，锦江股份将致力于有限服务酒店（含经济型酒店和有
限服务商务酒店）业务的发展，从而为公司酒店业务的发展打开了更大的空间。
在有限服务商务酒店品牌发展初期，公司将租赁或受托经营锦江酒店集团旗下的部分三星
级酒店，同时也将寻找市场上符合发展该等类型酒店的潜在项目，以迅速抢占市场。
报告期内，公司在提高自身核心竞争力方面，作出了以下一些主要举措：
2013 年 3 月 29 日，公司与锦江酒店集团签署《委托经营合同》，与锦江酒店集团子公司上
海南华亭酒店有限公司、上海金沙江大酒店有限公司、上海白玉兰宾馆有限公司分别签署《租
赁合同》。在有限服务商务酒店品牌发展初期，公司以租赁或受托经营锦江酒店集团旗下的部分
三星级酒店，该部分酒店均处于上海较优的地理位置，可以加快公司对有限服务商务酒店品牌
的创建和业务拓展速度。
于 2013 年 6 月 14 日，公司与天津华胜旅业股权投资合伙企业（有限合伙）、中国华力控
股集团有限公司签署了《时尚之旅酒店管理有限公司股权转让协议》，收购时尚之旅 100%股权。
本次收购时尚之旅一次性获得了 21 家位于城市中心或副中心位置并正在经营或即将开业的商
务酒店物业，有利于加快公司“锦江都城”品牌进入有限服务商务酒店市场的步伐，并迅速抢
占有限服务品牌在该市场的领先地位。
于 2013 年 1 至 6 月份，锦江之星会员人数增加了 318.2 万，会员总数达到 950.0 万人，其
中锦江之星交行联名卡已发展到 83.2 万张，锦尚卡（积分类卡）572.4 万张。包括国际国内著
名品牌企业在内的客户数量突破 2.6 万家。同时，通过对新呼叫中心的投入使用和强化网上订
房促销，有力地促进了预定功能的不断增强，对全国连锁店的营销支持力度进一步加大，接待
能力日益提升。
于 2013 年 1 至 6 月份，锦江之星旅馆有限公司入选中国饭店业年会组织委员会 2012-2013
年度中国酒店百佳，并且荣膺“第十三届中国饭店金马奖”、“2012-2013 中国消费者最满意的
经济型酒店连锁品牌”；被中国饭店协会授予“2013 中国优秀品质饭店”；被中国连锁经营协会
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上海锦江国际酒店发展股份有限公司 2013 年半年度报告
授予“2012 年度中国特许经营创新奖”；在由中国标准化研究院顾客满意度测评中心和清华大
学中国企业研究中心联合发起的 2013 年中国顾客满意度测评中， “锦江之星”继续位列“快
捷酒店”品牌第一名；此外，根据中国连锁经营协会 2012 年度行业调查统计，锦江之星旅馆有
限公司进入“2012 中国特许连锁 120 强”。
（五） 投资状况分析
于报告期内，公司投资总额 88,719 万元，比上年同期增加 69,220 万元，增长 354.99%。
主要投资情况如下：
报告期内，公司对外股权投资额为 72,107 万元，比上年同期增加 65,765 万元，增加
1,037.01%。
于 2013 年 6 月 30 日，公司持有可供出售金融资产账面价值为 92,381 万元，比上年末减少
22,653 万元。变动的主要原因是长江证券股票的本期末每股收盘价格为 7.91 元，比上期末减
少 1.49 元。同时，于报告期内公司出售长江证券 560 万股。
根据公司发展战略的需要，公司继续向有限服务型酒店营运及管理业务提供并保有一定量
的委托贷款。于报告期内，收回委托贷款 41,500 万元，发放委托贷款 30,000 万元。截至 2013
年 6 月 30 日，委托贷款余额为 37,000 万元。
报告期内，公司继续加大对有限服务型型酒店和餐饮连锁门店的建设和改造，以及锦江之
星总部信息化项目的建设和完善，累计投资人民币 16,612 万元。
1、对外股权投资总体分析
(1) 持有其他上市公司股权情况
单位：元
期初 期末
证券 证券 持股 持股 报告期所有者 会计核 股份
最初投资成本 期末账面价值 报告期损益
代码 简称 比例 比例 权益变动 算科目 来源
(％) (％)
可供出
长江 投资
000783 318,223,759.98 5.11 4.88 914,633,297.90 63,194,645.88 -157,671,698.87 售金融
证券 取得
资产
可供出
全聚 投资
002186 56,408.72 <1 <1 1,340,422.67 23,902.00 -117,239.31 售金融
德 取得
资产
可供出
锦江 投资
600650 1,945,476.00 <1 <1 3,707,130.24 144,270.72 -423,403.20 售金融
投资 取得
资产
可供出
交通 投资
601328 1,540,945.00 <1 <1 4,126,048.97 243,305.04 -661,485.58 售金融
银行 取得
资产
合计 321,766,589.70 923,806,899.78 63,606,123.64 -158,873,826.96
24
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
注： 1、“报告期损益”指本公司于报告期内所获得的现金股利收入和出售部分股票的所得税前
收益。
2、于 2012 年 12 月 31 日，本公司持有长江证券 12,123 万股，占长江证券总股本的 5.11%。
于 2013 年 3 月 22 日至 5 月 22 日，锦江股份通过深圳证券交易所系统出售长江证券股份 560 万
股，扣除成本和相关交易税费后取得所得税前投资收益 4,006.86 万元。本次减持后，本公司持
有长江证券股份 11,563 万股，占长江证券总股本的 4.88%。
(2) 持有金融企业股权情况
期初持 期末持 报告期 报告期所
所持对 最初投资 持有数量 期末账面 会计核 股份
股比例 股比例 损益 有者权益
象名称 金额（元） （股） 价值（元） 算科目 来源
（％） （％） （元） 变动（元）
申银万
国证券 长期股 投资
10,000,000 11,088,566 <1 <1 5,000,000 0 0
股份有 权投资 取得
限公司
合计 11,088,566 / / / /
2、 非金融类公司委托理财及衍生品投资的情况
(1) 委托理财情况
本报告期公司无委托理财事项。
(2) 委托贷款情况
委托贷款项目情况
截至 2013 年 6 月 30 日，本公司及其分公司向锦江之星旅馆有限公司及其附属公司提供的
委托贷款情况如下：
单位：万元 币种：人民币
抵 资金
是
押 来源
贷 是 否 是 是 关 投
物 并说
委托贷 款 贷款 借款 否 关 否 否 联 预期 资
借款方名称 或 明是
款金额 期 利率 用途 逾 联 展 涉 关 收益 盈
担 否为
限 期 交 期 诉 系 亏
保 募集
易
人 资金
12
20,000 个 1.2% 无 否 否 否 否 否 216 -
全
月
流动 资
12
锦江之星旅 资金 子
10,000 个 1.2% 无 否 否 否 否 否 108 -
馆有限公司 周转 公
月
司
12
7,000 个 1.2% 无 否 否 否 否 否 75.6 -
月
25
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
3、 募集资金使用情况
报告期内，公司无募集资金或前期募集资金使用到本期的情况。
4、 主要子公司、参股公司分析
单位：万元 币种：人民币
2013 年 6 2013 年 1
2013 年
2013 年 月 30 日 2013 年 1 至 6 月份
6 月30 日
公司名称 主营业务 6 月30 日 归属于 至 6 月份 归属于
持股比例
注册资本 母公司的 营业收入 母公司的
（注 6）
净资产 净利润
一、有限服务型连锁酒店业务（主要
部分）：
有限服务型
1、锦江之星旅馆有限公司 酒店的租赁 100% 17,971 52,037 73,556 13,583
经营、管理
旅馆业的投
2、上海锦江国际旅馆投资有限公司 100% 122,500 168,974 27,542 -584
资
有限服务酒
其中子公司：山西金广快捷酒店管理
店的租赁经 100% 6,833 12,210 4,441 199
有限公司（注 1）
营、管理
有限服务商
3、上海锦江都城酒店管理有限公司
务酒店的投 100% 5,000 4,982 - -18
（注 2）
资、经营管理
有限服务型
4、时尚之旅酒店管理有限公司（注 3） 酒店住宿、餐 100% 30,000 29,379 不适用 不适用
饮管理
经营酒店及
5、上海锦江达华宾馆有限公司（注 4） 100% 3,170 473 21 -237
餐饮
经营酒店及
6、上海闵行饭店有限公司 100% 769 954 782 -46
餐饮
二、食品与餐饮业务（主要部分）：
餐饮业开发
1、上海锦江国际餐饮投资管理有限公
管理、国内 100% 14,993 8,864 12,233 -1,427
司
贸易
其中子公司：上海新亚食品有限公司 生产月饼及
100% 1,142 775 61 -330
（注 5） 冷冻食品
上海锦江国际食品餐饮
餐饮业务 100% 1,000 606 3,655 201
管理有限公司
上海锦箸餐饮管理有限
餐饮业务 100% 1,000 542 43 -458
公司（注 5）
26
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
上海新亚大家乐餐饮有
中西餐饮 75% 6,867 2,591 7,440 -151
限公司（注 5）
上海锦江同乐餐饮管理
中西餐饮 51% 1,890 541 1,084 15
有限公司（注 5）
联营公司：上海吉野家快餐有限公司 1,230
日式快餐 42.815% 3,607 3,235 -772
（注 5） 万美元
上海静安面包房有限公司 生产和销售 205
14.63% 357 4,003 -192
（注 5） 面包糕点 万美元
2,701
2、上海肯德基有限公司 西式快餐 42% 15,935 107,981 -7,907
万美元
3、上海新亚富丽华餐饮股份有限公司 中式餐饮 41% 3,500 5,988 8,493 483
西式快餐 2,150
4、杭州肯德基有限公司 8% 22,364 168,968 3,917
万美元
西式快餐 334.8
5、无锡肯德基有限公司 8% 5,496 48,866 444
万美元
西式快餐 620
6、苏州肯德基有限公司 8% 7,570 78,896 1,894
万美元
三、其他业务（主要部分）：
证券经纪、
长江证券股份有限公司 证券投资咨 4.88% 237,123 1,214,347 135,683 48,656
询
注：1、山西金广快捷酒店管理有限公司系上海锦江国际旅馆投资有限公司之全资子公司。
2、上海锦江都城酒店管理有限公司成立于 2013 年 4 月 27 日。
3、于 2013 年 6 月 14 日，本公司与天津华胜旅业股权投资合伙企业（有限合伙）（“华胜旅
业”）以及中国华力控股集团有限公司（“华力控股”）签署了《关于时尚之旅酒店管理有限公司
之股权转让协议》，本公司向华胜旅业收购了其拥有的时尚之旅 99%的股权，向华力控股收购了
其持有的时尚之旅 1%股权。于 2013 年 6 月 30 日，上述股权转让相关的交割手续已经完成。本
公司拥有对时尚之旅的实际控制权。自 2013 年 6 月 30 日起，本公司将时尚之旅的资产负债表
纳入财务报表合并范围。
4、上海锦江达华宾馆有限公司于 2011 年 3 月份起实施全店范围的修缮工程。
5、上海新亚食品有限公司的 95%股权、上海锦江国际食品餐饮管理有限公司的 82%股权、
上海锦箸餐饮管理有限公司 100%股权、上海新亚大家乐餐饮有限公司的 75%股权、上海锦江同
乐餐饮管理有限公司的 51%股权和上海吉野家快餐有限公司的 42.815%股权为上海锦江国际餐
饮投资管理有限公司所持有。上海静安面包房有限公司的 14.63%股权为上海锦江国际餐饮投资
管理有限公司所持有，后者对其能够施加重大影响。本公司持有上海锦江国际餐饮投资管理有
限公司的 100%股权、上海新亚食品有限公司的 5%股权、上海锦江国际食品餐饮管理有限公司的
18%股权。
27
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
6、表中期末持股比例为本公司直接或间接持有被投资单位的股权比例。
7、上述主要子公司、联营公司 1 至 6 月份的财务数据未经审计，敬供投资者参考。
参股公司经营情况（适用投资收益占净利润 10％以上的情况）
单位：万元 币种：人民币
2013 年上半年度 参股公司贡献的 占上市公司净利润
公司名称 经营范围
净利润 投资收益 的比重(%)
杭州肯德基有限公司 西式快餐 3,917 3,214 18.92
注：公司持有杭州肯德基有限公司 8%股权，该公司所贡献的投资收益为公司于 2013 年上半年
所确认的应分享其 2012 年度股利。
5、 非募集资金项目情况
(1) 1 月，本公司出资 248,000 美元，折合人民币 1,559,225.60 元，向苏州肯德基增资。
截至 2013 年 6 月 30 日，苏州肯德基注册资金为 620 万美元。本公司持有苏州肯德基 8%股权。
(2) 1 月，本公司全资子公司餐饮投资公司出资 10,000,000.00 元人民币，成立上海锦箸
餐饮管理有限公司。截至 2013 年 6 月 30 日，餐饮投资公司持有锦箸餐饮 100%股权。
(3) 2 月，本公司全资子公司旅馆投资公司出资 5,500,000.00 元人民币，成立沈阳锦富酒
店投资管理有限公司。截至 2013 年 6 月 30 日，旅馆投资公司持有沈阳锦富酒店投资管理有限
公司 55％股权。
(4) 2 月，本公司全资子公司餐饮投资公司出资 856,305 美元，折合人民币 5,384,626.34
元，向上海吉野家增资。截至 2013 年 6 月 30 日，上海吉野家的注册资本为 1,230 万美元，实
收资本为 1,230 万美元。餐饮投资公司持有上海吉野家 42.815%股权。
(5) 4 月，本公司出资 50,000,000.00 元人民币，成立上海锦江都城酒店管理有限公司。
截至 2013 年 6 月 30 日，本公司持有锦江都城 100％股权。
(6) 5 月，本公司出资 1,469,783.40 元人民币，餐饮投资公司出资 8,163,309.27 元人民
币，分别对锦江食品实施增资。截至 2013 年 6 月 30 日，锦江食品注册资本为 1,000 万元。餐
饮投资公司和本公司分别持有锦江食品 82%和 18%股权。
(7) 4 月和 6 月，本公司已合计出资 639,000,000.00 元人民币，支付受让时尚之旅股权价
款，尾款尚未结算。截至 2013 年 6 月 30 日，本公司持有时尚之旅 100％股权。
(8) 报告期内，本公司累计支付 1,953 万元人民币，用于东亚饭店、达华宾馆的整体改造。
(9) 报告期内，本公司全资子公司旅馆投资公司累计投资 11,683 万元人民币，用于门店的
建设和整体修缮。
28
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
(10) 报告期内，本公司全资子公司锦江之星累计支付 2,064 万元人民币，用于门店的建设
和整体修缮；累计支付 642 万元人民币，用于总部 IT 项目的建设。
(11）报告期内，本公司子公司新亚大家乐累计支付 270 万元人民币，用于连锁门店的建设
和整体修缮。
二、 利润分配或资本公积金转增预案
(一) 报告期实施的利润分配方案的执行或调整情况
经公司 2012 年度股东大会批准的利润分配方案为：以 2012 年末总股本 603,240,740 股为
基数，向全体股东每 10 股派发 3.70 元现金红利（含税），B 股股利折算成美元支付。公司 2012
年度股东大会决议公告刊登于 2013 年 5 月 29 日《上海证券报》和《大公报》。
公司 2012 年度分红派息实施公告刊登于 2013 年 6 月 6 日《上海证券报》和《大公报》：A
股股权登记日为 2013 年 6 月 14 日；B 股最后交易日为 2013 年 6 月 14 日，股权登记日为 2013
年 6 月 19 日；除息日为 2013 年 6 月 17 日；红利发放日为 2013 年 6 月 28 日。
三、报告期内公司合并报表范围的变动情况
与上年末相比，公司于 2013 年 6 月 30 日合并报表范围增加如下子公司：
1、上海锦箸餐饮管理有限公司，由餐饮投资公司持有 100%股权，注册资本 1,000 万元，住所
为上海闸北区中山北路 588 号，经营范围目前为餐饮企业管理。
2、 上海锦江都城酒店管理有限公司，由本公司持有 100%股权，注册资本 5,000 万元，住所为
浦东新区惠南镇沪南路 9628 号 1 幢 1108 室，经营范围为住宿、餐饮服务、投资管理、投资咨
询、酒店管理。
3、时尚之旅酒店管理有限公司，由本公司持有 100%股权，注册资本 30,000 万元，住所为北京
市门头沟区石龙经济开发区永安路 20 号 3 号楼 1-3736 室，经营范围为酒店管理、项目投资、
投资管理等。
4、上海锦真投资管理有限公司，由旅馆投资公司持有 100%股权，注册资本 500 万元，住所为
上海普陀区绥德路 1 弄 1 号 202 室 J 座，经营范围为投资管理投资咨询、实业投资。
5、沈阳锦富酒店投资管理有限公司，由旅馆投资公司持有 55%股权，注册资本 1,000 万元，住
所为沈阳市沈河区东顺城街 100 号，经营范围为酒店业投资与咨询服务。
29
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
四、 其他披露事项
(一) 董事会、监事会对会计师事务所“非标准审计报告”的说明
√ 不适用
30
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
第五节 重要事项
一、 重大诉讼、仲裁和媒体普遍质疑的事项
本报告期公司无重大诉讼、仲裁和媒体质疑事项。
二、 破产重整相关事项
本报告期公司无破产重整相关事项。
三、 资产交易、企业合并事项
(一) 公司收购、出售资产和企业合并事项已在临时公告披露且后续实施无变化的
事项概述及类型 查询索引
2013 年 4 月 25 日，公司与天津华胜旅业股权投
资合伙企业（有限合伙）、中国华力控股集团有 请详见公司于2013年4月26日披露的《关于签订股
限公司签署了《时尚之旅酒店管理有限公司股权 权转让意向书的公告》。
转让意向书》。
2013 年 6 月 14 日，公司与天津华胜旅业股权投
资合伙企业（有限合伙）、中国华力控股集团有 请详见公司于2013年6月15日披露的《关于签署时
限公司签署《时尚之旅酒店管理有限公司股权转 尚之旅酒店管理有限公司股权转让协议的公告》。
让协议》。
四、 公司股权激励情况及其影响
√ 不适用
五、 重大关联交易
(一) 与日常经营相关的关联交易
1、已在临时公告披露且后续实施无进展或变化的事项
事项概述 查询索引
2013 年 3 月 29 日，公司与锦江酒店集团签署《委 请详见公司于2013年3月30日披露的《关联交易公
托经营合同》，受托经营锦江酒店集团新城饭店分 告》。
31
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
公司、新亚大酒店分公司。受托经营期限自 2013
年 4 月 1 日至 2028 年 3 月 31 日，共计 15 年。本
公司享有委托期限届满后的续期选择权，续期不
少于 5 年。公司在受托经营期限内比照物业租金
标准每年向锦江酒店集团支付委托业务收益
993.6 万元和 2,020.8 万元，十五年受托经营期
限内维持固定不变，受托经营资产剩余收益或亏
损全部归本公司享有或承担。
2013 年 3 月 29 日，公司与锦江酒店集团子公司
上海南华亭酒店有限公司、上海金沙江大酒店有
限公司、上海白玉兰宾馆有限公司分别签署《租
赁合同》。租赁上述 3 家酒店的物业、场地及附属
设施。租赁期限自 2013 年 4 月 1 日至 2028 年 3 请详见公司于2013年3月30日披露的《关联交易公
月 31 日，共计 15 年。本公司享有续期租赁选择 告》。
权，续期不少于 5 年。南华亭酒店、金沙江大酒
店、白玉兰宾馆年租赁费用（含基础物业管理费）
分别为 856.8 万元、1058.4 万元、890.4 万元，
十五年租赁期限内维持固定不变。
2013 年 6 月 14 日，公司（作为借款方）与锦江
国际（作为委托方）、中国工商银行上海市外滩
支行（作为受托方）在上海签订了《一般委托贷
款借款合同》。根据此借款合同，公司从工行外
请详见公司于 2013 年 6 月 15 日披露的《关于委
滩支行获得由锦江国际提供的 6 个月期的人民币
托借款的关联交易公告》。
借款，借款总额为人民币 110,000 万元，年借款
利率为 5.04%，低于中国人民银行公布的同期贷
款基准利率（中国人民银行同期贷款基准利率为
5.6%）。
2、临时公告未披露的事项
单位：元 币种：人民币
关联
关联交易 关联交易 占同类交易金 关联交易
关联交易方 关联关系 交易 关联交易金额
内容 定价原则 额的比例(%) 结算方式
类型
最终控股
锦江国际、锦
公司、母 有限服务型
江酒店集团 提供
公司及其 连锁酒店管 市场价格 493,083.38 0.72 现金
下属酒店服 劳务
控股子公 理费收入
务类企业
司
32
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
最终控股
锦江国际、锦
公司、母
江酒店集团 提供 市场统筹
公司及其 市场价格 190,223.61 100.00 现金
下属酒店服 劳务 收入
控股子公
务类企业
司
最终控股
锦江国际集团 公司及其 提供
咨询服务费 市场价格 238,560.00 100.00 现金
下属企业 控股子公 劳务
司
最终控股
锦江国际、锦
公司、母 有限服务型
江酒店集团
公司及其 销售 连锁酒店销 市场价格 40,290.81 0.52 现金
下属酒店服
控股子公 售酒店物品
务类企业
司
最终控股
锦江国际、锦
公司、母
江酒店集团下
公司及其 销售 销售食品 市场价格 965,949.29 29.81 现金
属酒店服务类
控股子公
企业
司
联 营 公
静安面包房、
司、最终
锦江国际、锦
控 股 公 采购酒店物
江酒店集团 采购 市场价格 1,466,066.09 0.78 现金
司、母公 品食品
下属酒店服
司及其控
务类企业
股子公司
锦江酒店集 母公司及
接受
团及其下属 其控股子 差旅费 市场价格 680,185.00 7.48 现金
劳务
企业 公司
最终控股
锦江国际集团 公司及其 接受 会员积分服
市场价格 875,441.26 100.00 现金
下属企业 控股子公 劳务 务
司
合计 - 4,949,799.44 - -
关联交易的必要性、持续性、选择与关联方进行交易的原因：
锦江之星旅馆有限公司为锦江酒店集团、锦江国际下属酒店服务类企业提供有限服务型酒店管
理，主要是为了扩大市场份额。
（二）其他重大关联交易
本公司将部分结算资金或闲置资金存入锦江国际集团财务有限责任公司（经批准的非银行
金融机构），2012 年 12 月 31 日余额为 50,043 万元人民币，2013 年 6 月 30 日余额为 22,574 万
元人民币。本公司于 2013 年 5 月 28 日召开的 2012 年度股东大会审议通过了财务公司存款的决
议：公司 2013 年度在锦江国际集团财务有限责任公司预计存款余额最高上限不超过 7 亿元人民
33
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
币。2013 年上半年度发生相应存款利息收入 403 万元人民币。
本公司下属公司向锦江国际集团财务有限责任公司进行借款，于 2012 年 12 月 31 日余额为
0 万元人民币，2013 年 6 月 30 日余额为 0 万元。本公司于 2013 年 5 月 28 日召开的 2012 年度
股东大会审议通过了财务公司贷款的决议：公司 2013 年度在锦江国际集团财务有限责任公司预
计贷款最高上限不超过 7 亿元人民币。2013 年上半年度发生相应借款利息支出 0 万元人民币。
锦江国际集团财务有限责任公司章程第三章第十二条规定：“锦江国际（集团）有限公司董
事会承诺：在公司出现支付困难的紧急情况时，将督促上海锦江国际酒店（集团）股份有限公
司按照解决支付困难的实际需求，增加相应资本金。”
为进一步确保本公司在集团财务公司存款的安全性及独立性，本公司实际控制人锦江国际
（集团）有限公司又于 2009 年 12 月 22 日出具以下承诺：
“在本次重组获得批准并得以实施的前提下，将对你公司及附属企业在本次审计评估基准
日 2009 年 7 月 31 日存放在锦江财务的全部款项及其他金融资产及其后存放在锦江财务的任何
款项及其他金额资产提供全额担保。如锦江财务出现无法支付你公司及附属企业存款及其他金
融资产本金及利息的情况，我公司将即时代为支付。你公司与锦江财务进行资金存储等业务应
遵循自愿原则，独立决策，我公司承诺不采取任何方式对你公司在锦江财务的资金存储等业务
做统一要求，干扰你公司的正常决策，以保证你公司的财务独立性和资金安全性。为此你公司
须按照有关规定及时披露上述存款及担保情况（包括在定期报告中定期披露和重大情况及时披
露）”。
六、 重大合同及其履行情况
(一) 托管、承包、租赁事项
√ 不适用
(二) 担保情况
√ 不适用
(三) 其他重大合同或交易
请详见本章“五、重大关联交易/（一）与日常经营相关的关联交易”
34
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
七、 承诺事项履行情况
(一) 上市公司、持股 5%以上的股东、控股股东及实际控制人在报告期内或持续到报告期内的
承诺事项
是
是
否
否
承 及
有
诺 承诺 承诺 时
承诺内容 履 履行情况
背 类型 方 严
行
景 格
期
履
限
行
资产置换方案中，置入资产的租赁物业中有
30 家“锦江之星”门店物业存在一定程度的
权属瑕疵。针对该等风险及本公司计划解决
时间表，2010 年 3 月 1 日，锦江国际向本公
司做出承诺：1）如本公司未能在解决计划
时间表规定的相关期限内按照计划确定的
比例和家数解决租赁经营门店承租物业的 截至本报告披露日，锦江
上述权属瑕疵问题（即未能在中国证监会核 之星 30 家存在权属瑕疵
准本次重组之日起 12 个月内降低至 20%，或 问题的租赁经营门店承租
未能在 24 个月内降低至 10%，或未能在 36 物业中，有 19 家已经取得
与
个月内全部解决），本公司对于在上述三个 合法的租赁备案证明文件
重
期限时点分别未能达到计划整改比例及整 或相关国土资源管理部门
大
改家数的部分租赁经营门店，采取解除租 的确认函，不存在因尚未
资
约、重新选址开业的，我公司将承担该等解 取得房屋所有权和/或土
产
除租约重新选址开业的租赁经营门店因解 地使用权证明文件或证载
重 锦江
其他 除租约可能导致发生的违约金，并按照资产 是 是 用途不一致可能导致的重
组 国际
评估基准日 2009 年 7 月 31 日的具体资产评 大风险。剩余 11 家目前正
相
估值予以补偿。2）在置入资产未来经营过 在积极办理中。
关
程中，如由于“锦江之星”租赁经营门店存 截至本报告披露日，锦江
的
在瑕疵导致相关门店不得不重新选址开业， 之星租赁经营门店不存在
承
则自该门店停业之日起一年内，有关物业出 瑕疵导致相关门店不得不
诺
租方未能赔偿或未能全部赔偿该门店损失 重新选址开业的情况，故
的，锦江国际将立即按照下述方法计算的全 锦江国际未触及履行承诺
部损失向该门店予以全额补偿，用于支持其 的条件，不存在未履行承
搬迁开设新店。具体损失金额按照截至审计 诺的情形。
基准日 2009 年 7 月 31 日经审计的该门店固
定资产及装修投入的全部初始投资成本，与
其在资产评估基准日 2009 年 7 月 31 日的资
产评估值较高者计算。锦江国际进行上述补
偿后如收回物业出租方的赔偿款归其所有。
同时，锦江国际将按照该门店停业之日前一
35
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
个会计年度经审计的净利润金额向该门店
提供补偿，用于弥补该门店停业期间的营业
损失。
重组报告书披露：2009 年 12 月 22 日，锦江
国际向锦江股份承诺，在本次重组后，将对
报告期内，未出现锦江国
锦江股份及附属企业在本次审计评估基准
际财务公司无法支付本公
日 2009 年 7 月 31 日存放在锦江国际财务公
司及附属企业存款本金及
锦江 司的全部款项及其他金融资产，以及其后存
其他 是 是 利息及其他金融资产的情
国际 放在锦江国际财务公司的任何款项及其他
形。故锦江国际未触及履
金融资产提供全额担保。如锦江国际财务公
行承诺的条件，不存在未
司出现无法支付锦江股份及附属企业存款
履行承诺的情形。
本金及利息及其他金融资产的情况，锦江国
际将即时代为支付。
八、上市公司及其董事、监事、高级管理人员、持有 5%以上股份的股东、实际控制人、收购
人处罚及整改情况
本报告期公司及其董事、监事、高级管理人员、持有 5%以上股份的股东、实际控制人、收
购人均未受中国证监会的稽查、行政处罚、通报批评及证券交易所的公开谴责。
九、 公司治理情况
报告期内，公司按照《公司法》、《证券法》、《上市公司治理准则》等有关法律、法规的要
求规范运作，继续完善公司法人治理结构，健全治理机制和各项规章制度，强化规范运作和信
息披露。公司治理的实际情况符合有关法律法规和中国证监会有关要求。
36
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
第六节 股份变动及股东情况
一、 股本变动情况
(一) 股份变动情况表
1、 股份变动情况表
报告期内，公司股份总数及股本结构未发生变化。
(二) 限售股份变动情况
报告期内，本公司限售股份无变动情况。
二、 股东情况
(一) 股东数量和持股情况
单位：股
截止报告期末股东总数 50,933 户（其中：A 股股东 25,663 户，B 股股东 25,270 户）
前十名股东持股情况
持股 持有有限 质押或
报告期内
股东名称 股东性质 比例 持股总数 售条件股 冻结的
增减
(%) 份数量 股份数量
上海锦江国际酒店(集
国有法人 50.32 303,533,935 0 0 无
团)股份有限公司
INVESCO FUNDS SICAV 境外法人 2.00 12,057,301 1,345,115 0 未知
易方达价值成长混合型
其他 1.82 11,000,000 -4,750,000 0 无
证券投资基金
双钱集团股份有限公司 国有法人 1.42 8,541,951 0 0 无
新华优选分红混合型证
其他 0.91 5,502,321 3,987,250 0 无
券投资基金
TARGET VALUE FUND 境外法人 0.91 5,485,778 5,485,778 0 未知
全国社保基金一一零组
其他 0.91 5,478,676 1,778,333 0 无
合
INVESCO PERPETUAL
境外法人 0.82 4,942,249 0 0 未知
HONG KONG & CHINA FUND
长城安心回报混合型证
其他 0.81 4,900,000 0 0 无
券投资基金
37
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
华夏平稳增长混合型证
其他 0.58 3,500,000 -300,000 0 无
券投资基金
前十名无限售条件股东持股情况
持有无限售条件股份的
股东名称 股份种类及数量
数量
上海锦江国际酒店(集团)股份有限公司 303,533,935 人民币普通股
INVESCO FUNDS SICAV 12,057,301 境内上市外资股
易方达价值成长混合型证券投资基金 11,000,000 人民币普通股
双钱集团股份有限公司 8,541,951 人民币普通股
新华优选分红混合型证券投资基金 5,502,321 人民币普通股
TARGET VALUE FUND 5,485,778 境内上市外资股
全国社保基金一一零组合 5,478,676 人民币普通股
INVESCO PERPETUAL HONG KONG & CHINA
4,942,249 境内上市外资股
FUND
长城安心回报混合型证券投资基金 4,900,000 人民币普通股
华夏平稳增长混合型证券投资基金 3,500,000 人民币普通股
INVESCO FUNDS SICAV 与 INVESCO PERPETUAL HONG KONG &
CHINA FUND 同属于景顺投资管理有限公司（INVESCO）。
上述股东关联关系或一致行动的说明 除此之外，公司未知其他股东之间是否存在关联关系或属
于《上市公司股东持股变动信息披露管理办法》规定的一
致行动人。
(二) 控股股东或实际控制人变更情况
本报告期内公司控股股东或实际控制人没有发生变更。
38
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
第七节 董事、监事、高级管理人员情况
一、 持股变动情况
(一) 现任及报告期内离任董事、监事和高级管理人员持股变动情况
单位：股
报告期内股份
姓名 职务 期初持股数 期末持股数 增减变动原因
增减变动量
俞敏亮 董事长 14,305 14,305
杨卫民 副董事长 497,339 497,339
徐祖荣 副董事长 746,720 777,720 31,000 二级市场买卖
张晓强 董事、首席执行官
董事、执行总裁兼
卢正刚
财务负责人
薛建民 董事
张广生 独立董事
徐建新 独立董事
李志强 独立董事
昝 琳 监事长
陈君瑾 监事
王志成 监事 10,172 10,172
康 鸣 监事
俞 萌 副总裁 263,170 281,970 18,800 二级市场买卖
胡 暋 董事会秘书
二、 公司董事、监事、高级管理人员变动情况
本报告期内公司无董事、监事、高管人员变动。
39
上海锦江国际酒店发展股份有限公司 2013 年半年度报告
第八节 财务报告
一、 财务报表（附后）
二、财务报表附注（附后）
第九节 备查文件目录
一、 载有法定代表人、主管会计工作负责人、会计机构负责人签名并盖章的会计报表
二、 报告期内在《上海证券报》、《大公报》上披露过的所有公司文件的正本及公告的原件
董事长：俞敏亮
上海锦江国际酒店发展股份有限公司
2013 年 8 月 27 日
40
审阅报告
德师报(阅)字(13)第 R0029 号
上海锦江国际酒店发展股份有限公司全体股东：
我们审阅了后附的上海锦江国际酒店发展股份有限公司(以下简称“贵公司”)的财务报表，包括 2013
年 6 月 30 日的公司及合并资产负债表、2013 年 1 月 1 日至 2013 年 6 月 30 日止期间的公司及合并利润
表、公司及合并股东权益变动表和公司及合并现金流量表以及财务报表附注。这些财务报表的编制是贵
公司管理层的责任，我们的责任是在实施审阅工作的基础上对这些财务报表出具审阅报告。
我们按照《中国注册会计师审阅准则第 2101 号——财务报表审阅》的规定执行了审阅业务。该准则
要求我们计划和实施审阅工作，以对财务报表是否不存在重大错报获取有限保证。审阅主要限于询问公
司有关人员和对财务数据实施分析程序，提供的保证程度低于审计。我们没有实施审计，因而不发表审
计意见。
根据我们的审阅，我们没有注意到任何事项使我们相信财务报表没有按照企业会计准则的规定编制，
未能在所有重大方面公允反映贵公司 2013 年 6 月 30 日的公司及合并财务状况以及 2013 年 1 月 1 日至
2013 年 6 月 30 日止期间的公司及合并经营成果和公司及合并现金流量。
德勤华永会计师事务所(特殊普通合伙) 中国注册会计师
中国上海
唐恋炯
倪 敏
2013 年 8 月 27 日
41
上海锦江国际酒店发展股份有限公司
2013 年 6 月 30 日
合并资产负债表
人民币元
项目 附注 2013 年 6 月 30 日 2012 年 12 月 31 日 项目 附注 2013 年 6 月 30 日 2012 年 12 月 31 日
流动资产： 流动负债：
货币资金 (五)1 464,475,655.57 751,746,245.14 短期借款 (五)18 1,100,000,000.00 -
交易性金融资产 - - 交易性金融负债 - -
应收票据 - - 应付票据 - -
应收账款 (五)2 83,724,201.75 50,282,126.38 应付账款 (五)19 832,229,888.20 400,533,427.22
预付款项 (五)3 41,047,685.10 47,529,871.40 预收款项 (五)20 144,659,787.92 156,577,071.73
应收利息 1,588,115.11 2,193,260.34 应付职工薪酬 (五)21 120,432,438.86 120,182,458.89
应收股利 (五)4 109,856,044.44 - 应交税费 (五)22 82,729,726.72 79,918,214.20
其他应收款 (五)5 61,172,282.29 51,051,177.42 应付利息 (五)23 1,026,423.35 -
存货 (五)6 34,762,137.64 30,318,949.55 应付股利 (五)24 2,166,909.03 305,520.26
一年内到期的非流
- - 其他应付款 (五)25 206,901,535.60 149,308,627.99
动资产
一年内到期的非流动
其他流动资产 (五)7 3,659,878.29 1,636,178.51 (五)26 251,692.55 448,496.32
负债
流动资产合计 800,286,000.19 934,757,808.74 其他流动负债 - -
流动负债合计 2,490,398,402.23 907,273,816.61
非流动资产： 非流动负债：
可供出售金融资产 (五)8 923,806,899.78 1,150,338,438.54 长期借款 - -
持有至到期投资 - - 应付债券 - -
长期应收款 - - 长期应付款 (五)27 6,790,537.00 6,689,506.92
长期股权投资 (五)9 159,962,212.03 235,181,122.39 专项应付款 - -
投资性房地产 - - 预计负债 - -
固定资产 (五)10 2,562,988,444.17 1,145,685,724.82 递延所得税负债 (五)15 270,606,460.27 210,037,306.99
在建工程 (五)11 622,462,122.23 344,042,695.44 其他非流动负债 (五)28 6,521,328.62 2,920,400.84
工程物资 - - 非流动负债合计 283,918,325.89 219,647,214.75
固定资产清理 - - 负债合计 2,774,316,728.12 1,126,921,031.36
无形资产 (五)12 254,851,547.47 258,022,731.77 股东权益：
开发支出 - - 股本 (五)29 603,240,740.00 603,240,740.00
商誉 (五)13 91,957,221.06 40,171,417.85 减：库存股 - -
长期待摊费用 (五)14 1,309,974,669.41 1,235,118,999.61 资本公积 (五)30 2,123,599,214.49 2,282,473,041.43
递延所得税资产 (五)15 79,253,303.03 68,853,991.59 盈余公积 (五)31 482,301,658.50 482,301,658.50
其他非流动资产 (五)16 40,357,450.46 - 未分配利润 (五)32 823,254,946.29 878,396,483.97
非流动资产合计 6,045,613,869.64 4,477,415,122.01 外币报表折算差额 - -
归属于母公司所有者
4,032,396,559.28 4,246,411,923.90
权益合计
少数股东权益 (五)33 39,186,582.43 38,839,975.49
股东权益合计 4,071,583,141.71 4,285,251,899.39
资产总计 6,845,899,869.83 5,412,172,930.75 负债和股东权益总计 6,845,899,869.83 5,412,172,930.75
附注为财务报表的组成部分
第 42 页至第 153 页的财务报表由下列负责人签署：
法定代表人： 俞敏亮 主管会计工作负责人： 卢正刚 会计机构负责人： 吴 琳
42
上海锦江国际酒店发展股份有限公司
2013 年 6 月 30 日
母公司资产负债表
人民币元
项目 附注 2013 年 6 月 30 日 2012 年 12 月 31 日 项目 附注 2013 年 6 月 30 日 2012 年 12 月 31 日
流动资产： 流动负债：
货币资金 (十三)1 103,063,301.23 237,931,536.21 短期借款 (十三)15 1,163,000,000.00 -
交易性金融资产 - - 交易性金融负债 - -
应收票据 - - 应付票据 - -
应收账款 (十三)2 7,784,245.38 1,678,956.74 应付账款 17,255,364.36 16,375,122.44
预付款项 1,508,942.52 980,457.81 预收款项 5,745,564.65 5,797,918.30
应收利息 1,465,527.76 1,415,965.00 应付职工薪酬 (十三)16 19,784,075.13 21,760,282.23
应收股利 (十三)3 209,857,338.22 145,564.50 应交税费 (十三)17 23,882,552.09 25,864,224.78
其他应收款 (十三)4 677,454,153.59 22,510,009.97 应付利息 1,068,841.67 -
存货 (十三)5 2,933,787.77 751,869.11 应付股利 331,909.03 305,520.26
一年内到期的非流
- - 其他应付款 (十三)18 195,999,806.89 74,842,723.19
动资产
一年内到期的非流动
其他流动资产 (十三)6 370,353,714.87 485,305,458.01 - -
负债
流动资产合计 1,374,421,011.34 750,719,817.35 其他流动负债 - -
流动负债合计 1,427,068,113.82 144,945,791.20
非流动资产： 非流动负债：
可供出售金融资产 920,099,769.54 1,146,066,770.70 长期借款 - -
持有至到期投资 - - 应付债券 - -
长期应收款 (十三)7 10,328,000.00 10,328,000.00 长期应付款 - -
长期股权投资 (十三)8 3,158,584,554.06 2,497,787,397.47 专项应付款 - -
投资性房地产 - - 预计负债 - -
固定资产 (十三)9 54,841,051.33 32,267,439.74 递延所得税负债 (十三)13 147,124,168.72 199,446,924.86
在建工程 (十三)10 570,056.25 18,814,692.24 其他非流动负债 - -
工程物资 - - 非流动负债合计 147,124,168.72 199,446,924.86
固定资产清理 - - 负债合计 1,574,192,282.54 344,392,716.06
无形资产 (十三)11 63,452,896.30 64,787,089.18 股东权益：
开发支出 - - 股本 603,240,740.00 603,240,740.00
商誉 - - 减：库存股 - -
长期待摊费用 (十三)12 10,600,344.41 11,131,259.68 资本公积 (十三)19 2,506,997,060.67 2,665,447,484.41
递延所得税资产 - - 盈余公积 482,301,658.50 482,301,658.50
其他非流动资产 - - 未分配利润 426,165,941.52 436,519,867.39
非流动资产合计 4,218,476,671.89 3,781,182,649.01 股东权益合计 4,018,705,400.69 4,187,509,750.30
资产总计 5,592,897,683.23 4,531,902,466.36 负债和股东权益总计 5,592,897,683.23 4,531,902,466.36
法定代表人： 俞敏亮 主管会计工作负责人： 卢正刚 会计机构负责人： 吴 琳
43
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
合并利润表
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目 附注
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
一、营业收入 (五)34 1,203,320,942.20 1,112,975,201.54
(五)34
减：营业成本 140,776,538.36 129,901,099.42
、35
营业税金及附加 (五)36 66,336,805.57 62,042,252.62
销售费用 (五)35 627,252,519.90 571,288,426.97
管理费用 (五)35 250,682,952.35 227,374,397.03
财务费用 (五)37 3,390,346.98 4,639,859.36
资产减值损失 (五)39 - 4,433,011.03
加：公允价值变动收益(损失以“－”号填列) - -
投资收益(损失以“－”号填列) (五)40 80,599,168.47 158,810,225.05
其中：对联营企业和合营企业的投资收益 (34,714,083.48) 24,189,520.51
(损失)
二、营业利润(亏损以“－”号填列) 195,480,947.51 272,106,380.16
加：营业外收入 (五)41 21,323,238.44 11,203,823.36
减：营业外支出 (五)42 864,480.86 4,195,355.82
其中：非流动资产处置损失 208,904.66 3,258,421.16
三、利润总额(亏损总额以“－”号填列) 215,939,705.09 279,114,847.70
减：所得税费用 (五)43 46,054,002.03 54,330,083.23
四、净利润(净亏损以“－”号填列) 169,885,703.06 224,784,764.47
归属于母公司所有者的净利润 168,057,536.12 224,766,986.23
其中：同一控制下企业合并之被合并方
- -
在合并前实现的净利润
少数股东损益 (五)44 1,828,166.94 17,778.24
五、每股收益： (五)45
(一)基本每股收益 0.2786 0.3726
(二)稀释每股收益 不适用 不适用
六、其他综合收益(损失) (五)46 (158,873,826.94) 140,146,980.72
七、综合收益总额 11,011,876.12 364,931,745.19
归属于母公司所有者的综合收益总额 9,183,709.18 364,913,966.95
归属于少数股东的综合收益总额 1,828,166.94 17,778.24
法定代表人： 俞敏亮 主管会计工作负责人： 卢正刚 会计机构负责人： 吴 琳
44
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
母公司利润表
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目 附注
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
一、营业收入 (十三)20 73,365,482.88 39,370,659.37
减：营业成本 (十三)20、21 12,238,566.91 5,068,281.46
营业税金及附加 4,056,017.81 2,106,679.19
销售费用 (十三)21 49,160,181.10 21,028,558.34
管理费用 (十三)21 29,452,900.33 18,706,665.00
财务费用 (642,985.02) 172,052.88
资产减值损失 - -
加：公允价值变动收益(损失以“－”号填列) - -
投资收益(损失以“－”号填列) (十三)22 239,291,682.73 259,308,012.49
其中：对联营企业和合营企业的投资收益 (31,128,231.49) 28,493,832.85
(损失)
二、营业利润(亏损以“－”号填列) 218,392,484.48 251,596,434.99
加：营业外收入 (十三)23 49,483.19 14,031.56
减：营业外支出 176,591.50 897,399.02
其中：非流动资产处置损失 591.50 897,399.02
三、利润总额(亏损总额以“－”号填列) 218,265,376.17 250,713,067.53
减：所得税费用 5,420,228.24 18,200,399.60
四、净利润(净亏损以“－”号填列) 212,845,147.93 232,512,667.93
六、其他综合收益(损失) (158,450,423.74) 140,471,589.84
七、综合收益总额 54,394,724.19 372,984,257.77
法定代表人： 俞敏亮 主管会计工作负责人： 卢正刚 会计机构负责人： 吴 琳
45
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
合并现金流量表
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目 附注
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
一、经营活动产生的现金流量：
销售商品、提供劳务收到的现金 1,168,343,610.14 1,118,518,696.69
处置交易性金融资产净增加额 - -
收到的税费返还 - -
收到其他与经营活动有关的现金 (五)47(1) 27,451,920.91 17,156,818.43
经营活动现金流入小计 1,195,795,531.05 1,135,675,515.12
购买商品、接受劳务支付的现金 244,674,065.71 249,983,398.50
支付给职工以及为职工支付的现金 309,310,036.30 264,334,821.67
支付的各项税费 127,699,473.95 122,350,509.79
支付其他与经营活动有关的现金 (五)47(2) 225,327,867.22 219,102,941.17
经营活动现金流出小计 907,011,443.18 855,771,671.13
经营活动产生的现金流量净额 288,784,087.87 279,903,843.99
二、投资活动产生的现金流量：
收回投资收到的现金 54,768,415.38 104,192,354.56
取得投资收益收到的现金 12,837,240.45 49,841,910.03
处置固定资产、无形资产和其他长期资产收
1,806,960.76 1,177,702.19
回的现金净额
处置子公司及其他营业单位收到的现金净额 - -
收到其他与投资活动有关的现金 - -
投资活动现金流入小计 69,412,616.59 155,211,966.78
取得子公司及其他营业单位支付的现金净额 (五)47(3) 628,084,937.71 -
购建固定资产、无形资产和其他长期资产支
212,218,627.15 159,875,128.11
付的现金
投资所支付的现金 6,943,851.94 11,000,000.00
购买少数股东股权支付的现金 - 46,918,775.94
支付其他与投资活动有关的现金 - -
投资活动现金流出小计 847,247,416.80 217,793,904.05
投资活动产生的现金流量净额 (777,834,800.21) (62,581,937.27)
三、筹资活动产生的现金流量：
吸收投资收到的现金 4,500,000.00 -
其中：子公司吸收少数股东投资收到的现金 4,500,000.00 -
取得借款收到的现金 (五)47(4) 1,100,000,000.00 -
发行债券收到的现金 - -
收到其他与筹资活动有关的现金 - -
筹资活动现金流入小计 1,104,500,000.00 -
偿还债务支付的现金 (五)47(5) 675,000,000.00 4,500,000.00
分配股利、利润或偿付利息支付的现金 227,536,545.23 220,529,207.84
其中：子公司支付给少数股东的股利、利润 5,981,560.00 2,635,000.00
支付其他与筹资活动有关的现金 183,332.00 274,998.00
筹资活动现金流出小计 902,719,877.23 225,304,205.84
筹资活动产生的现金流量净额 201,780,122.77 (225,304,205.84)
四、汇率变动对现金及现金等价物的影响 - -
五、现金及现金等价物净减少额 (287,270,589.57) (7,982,299.12)
加：期初现金及现金等价物余额 (五)48(2) 751,746,245.14 593,770,377.96
六、期末现金及现金等价物余额 (五)48(2) 464,475,655.57 585,788,078.84
法定代表人： 俞敏亮 主管会计工作负责人： 卢正刚 会计机构负责人： 吴 琳
46
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
母公司现金流量表
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目 附注
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
一、经营活动产生的现金流量：
销售商品、提供劳务收到的现金 67,952,625.81 38,508,711.31
收到的税费返还 - -
收到其他与经营活动有关的现金 80,686,515.46 14,010,705.83
经营活动现金流入小计 148,639,141.27 52,519,417.14
购买商品、接受劳务支付的现金 18,343,237.99 9,017,464.35
支付给职工以及为职工支付的现金 38,824,089.99 24,293,215.89
支付的各项税费 16,044,292.65 2,388,329.98
支付其他与经营活动有关的现金 47,177,815.20 18,566,939.22
经营活动现金流出小计 120,389,435.83 54,265,949.44
经营活动产生的现金流量净额 28,249,705.44 (1,746,532.30)
二、投资活动产生的现金流量：
收回投资收到的现金 469,768,415.38 629,192,354.58
取得投资收益收到的现金 68,088,173.44 106,116,999.83
处置固定资产、无形资产和其他长期资产收回的
- 120,470.00
现金净额
资产置换及附属交易收到的现金 - -
收到其他与投资活动有关的现金 - -
投资活动现金流入小计 537,856,588.82 735,429,824.41
取得子公司及其他营业单位支付的现金净额 639,000,000.00 -
购建固定资产、无形资产和其他长期资产支付的
13,237,835.20 6,512,510.65
现金
投资支付的现金 353,029,009.01 515,000,000.00
支付其他与投资活动有关的现金 (十三)24 635,535,000.00 -
投资活动现金流出小计 1,640,801,844.21 521,512,510.65
投资活动产生的现金流量净额 (1,102,945,255.39) 213,917,313.76
三、筹资活动产生的现金流量：
吸收投资收到的现金 - -
取得借款收到的现金 (十三)24 1,163,000,000.00 -
收到其他与筹资活动有关的现金 - -
筹资活动现金流入小计 1,163,000,000.00 -
偿还债务支付的现金 - -
分配股利、利润或偿付利息支付的现金 223,172,685.03 217,140,990.84
支付其他与筹资活动有关的现金 - -
筹资活动现金流出小计 223,172,685.03 217,140,990.84
筹资活动产生的现金流量净额 939,827,314.97 (217,140,990.84)
四、汇率变动对现金及现金等价物的影响 - -
五、现金及现金等价物净增加(减少)额 (134,868,234.98) (4,970,209.38)
加：期初现金及现金等价物余额 (十三)27 237,931,536.21 93,279,799.42
六、期末现金及现金等价物余额 (十三)27 103,063,301.23 88,309,590.04
法定代表人： 俞敏亮 主管会计工作负责人： 卢正刚 会计机构负责人： 吴 琳
47
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
合并股东权益变动表
人民币元
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间 2012 年 1 月 1 日至 2012 年 6 月 30 日止期间
项目 归属于母公司所有者权益 归属于母公司所有者权益
少数 所有者 少数 所有者
未分配 股东权益 权益合计 实收资本 未分配 股东权益 权益合计
股本 资本公积 盈余公积 资本公积 盈余公积
利润 (或股本) 利润
一、上期期末及本期期初余额 603,240,740.00 2,282,473,041.43 482,301,658.50 878,396,483.97 38,839,975.49 4,285,251,899.39 603,240,740.00 2,137,083,446.08 482,301,658.50 726,406,089.09 81,859,645.64 4,030,891,579.31
二、本期增减变动金额 - (158,873,826.94) - (55,141,537.68) 346,606.94 (213,668,757.68) - 118,114,235.48 - 7,600,319.83 (45,503,252.46) 80,211,302.85
(一)净利润 - - - 168,057,536.12 1,828,166.94 169,885,703.06 - - - 224,766,986.23 17,778.24 224,784,764.47
(二)其他综合收益(损失) - (158,873,826.94) - - - (158,873,826.94) - 140,146,980.72 - - - 140,146,980.72
上述(一)和(二)小计 - (158,873,826.94) - 168,057,536.12 1,828,166.94 11,011,876.12 - 140,146,980.72 - 224,766,986.23 17,778.24 364,931,745.19
(三)所有者投入和减少资本 - - - - 4,500,000.00 4,500,000.00 - (22,032,745.24) - - (42,886,030.70) (64,918,775.94)
1．所有者投入资本 - - - - 4,500,000.00 4,500,000.00 - - - - - -
2. 收购少数股东股权 - - - - - - - (22,032,745.24) - - (42,886,030.70) (64,918,775.94)
(四)利润分配 - - - (223,199,073.80) (5,981,560.00) (229,180,633.80) - - - (217,166,666.40) (2,635,000.00) (219,801,666.40)
1．提取盈余公积 - - - - - - - - - - - -
2．对所有者(或股东)的分配 - - - (223,199,073.80) (5,981,560.00) (229,180,633.80) - - - (217,166,666.40) (2,635,000.00) (219,801,666.40)
(五)所有者权益内部结转 - - - - - - - - - - - -
(六)专项储备 - - - - - - - - - - - -
(七)其他 - - - - - - - - - - - -
三、本期期末余额 603,240,740.00 2,123,599,214.49 482,301,658.50 823,254,946.29 39,186,582.43 4,071,583,141.71 603,240,740.00 2,255,197,681.56 482,301,658.50 734,006,408.92 36,356,393.18 4,111,102,882.16
48
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
母公司股东权益变动表
人民币元
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间 2012 年 1 月 1 日至 2012 年 6 月 30 日止期间
项目
实收资本
股本 资本公积 盈余公积 未分配利润 所有者权益合计 (或股本) 资本公积 盈余公积 未分配利润 所有者权益合计
一、上期期末及本期期初初
603,240,740.00 2,665,447,484.41 482,301,658.50 436,519,867.39 4,187,509,750.30 603,240,740.00 2,497,267,722.54 482,301,658.50 398,133,653.47 3,980,943,774.51
余额
二、本期增减变动金额 - (158,450,423.74) - (10,353,925.87) (168,804,349.61) - 140,471,589.84 - 15,346,001.53 155,817,591.37
(一)净利润 - - - 212,845,147.93 212,845,147.93 - - - 232,512,667.93 232,512,667.93
(二)其他综合收益(损失) - (158,450,423.74) - - (158,450,423.74) - 140,471,589.84 - - 140,471,589.84
上述(一)和(二)小计 - (158,450,423.74) - 212,845,147.93 54,394,724.19 - 140,471,589.84 - 232,512,667.93 372,984,257.77
(三)所有者投入和减少资本 - - - - - - - - - -
(四)利润分配 - - - (223,199,073.80) (223,199,073.80) - - - (217,166,666.40) (217,166,666.40)
1．提取盈余公积 - - - - - - - - - -
2．对所有者(或股东)的分配 - - - (223,199,073.80) (223,199,073.80) - - - (217,166,666.40) (217,166,666.40)
(五)所有者权益内部结转 - - - - - - - - - -
(六)专项储备 - - - - - - - - - -
(七)其他 - - - - - - - - - -
三、本期期末余额 603,240,740.00 2,506,997,060.67 482,301,658.50 426,165,941.52 4,018,705,400.69 603,240,740.00 2,637,739,312.38 482,301,658.50 413,479,655.00 4,136,761,365.88
49
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(一) 公司基本情况
上海锦江国际酒店发展股份有限公司(“公司”或“本公司”)于 1993 年 6 月 9 日在上海市成立。本公司
及子公司(合称“本集团”)主要从事有限服务型酒店营运及管理业务、食品及餐饮等业务。
本公司持有企业法人营业执照注册号为：企股沪总字第 019036 号。法定代表人为俞敏亮。
1993 年 6 月，本公司以定向募集方式成立，股本总额为人民币 235,641,500 元。
1994 年 12 月，本公司溢价发行 1 亿股面值每股人民币 1 元的境内上市外资股(B 股)，发行价为每股 0.35
美元，于 1994 年 12 月 15 日在上海证券交易所上市交易，股本总额增至人民币 335,641,500 元。
1996 年 9 月，本公司经中国证券管理监督委员会批准公开溢价发行 1,900 万股面值每股人民币 1 元的境
内上市人民币普通股(A 股)，发行价为每股人民币 4.90 元，与 600 万股公司内部职工股一并于 1996 年
10 月 11 日在上海证券交易所上市交易，股本总额增至人民币 354,641,500 元。
1997 年 7 月，本公司向全体股东按 10:2 的比例用资本公积金转增股本，股本总额增至人民币 425,569,800
元。
1998 年 7 月，本公司向全体股东按 10:2 的的比例派送红股，按 10:1 的比例用资本公积金转增股本，股
本总额增至人民币 553,240,740 元。
2001 年 1 月，本公司经中国证券监督管理委员会核准溢价增发 5,000 万股面值每股人民币 1 元的境内上
市人民币普通股(A 股)，发行价为每股 10.80 元人民币，上述新增股份于同年 1 月 19 日起在上海证券交
易所分批上市。发行后总股本增至人民币 603,240,740 元。
本公司于 2006 年 1 月 23 日进行股权分置改革，由全体非流通股股东向股权分置改革方案所约定的股权
登记日(2006 年 1 月 19 日) 登记在册的流通 A 股股东每 10 股支付 3.1 股对价股份。根据股权分置改革方
案，2007 年 1 月 23 日有限售条件的流通股上市 49,009,806 股， 2007 年 3 月 21 日有限售条件的流通股
上市 10,065,610 股， 2008 年 1 月 23 日有限售条件的流通股上市 30,162,037 股，2009 年 1 月 23 日有限
售条件的流通股上市 229,151,687 股。于 2009 年 1 月 23 日，所有原非流通股股东所持有的股份均已实现
流通，共计 318,389,140 股有限售条件的流通股上市。
于 2013 年 6 月 30 日，本公司总股本为人民币 603,240,740 元。上海锦江国际酒店(集团)股份有限公司(“锦
江酒店集团”)持有本公司 303,533,935 股无限售条件股份，占总股本 50.32%，为本公司控股股东。锦江
国际(集团)有限公司(“锦江国际”)为锦江酒店集团的控股股东及本公司的最终控股股东。本公司的股本
结构详见附注(五)29。
本公司的公司及合并财务报表已经本公司董事会于 2013 年 8 月 27 日批准报出。
50
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计
1、财务报表的编制基础
本集团执行财政部于 2006 年 2 月 15 日颁布的《企业会计准则——基本准则》和 38 项具体会计准则以及
其后颁布的企业会计准则应用指南、企业会计准则解释及其他相关规定(以下合称“企业会计准则”)。
于 2013 年 6 月 30 日，本集团流动负债超过流动资产计人民币 1,690,112,402.04 元(于 2012 年 12 月 31 日：
流动负债低于流动资产计人民币 27,483,992.13 元)，本公司流动负债超过流动资产计人民币 52,647,102.48
元(于 2012 年 12 月 31 日：流动负债低于人民币 605,774,026.15 元)。于本财务报告期内，本公司收购时
尚之旅酒店管理有限公司(“时尚之旅”)100%股权。自中国工商银行上海市外滩支行获得由锦江国际提
供的到期日为 2013 年 12 月 24 日(可展期不超过 6 个月)的人民币借款 1,100,000,000.00 元。本公司还将
通过各种可行的融资方式，以维持本集团的继续经营。于 2013 年 6 月 25 日，本公司 2013 年第一次临时
股东大会审议通过了关于发行公司五年期债券的相关议案，相关申请也于 2013 年 8 月 16 日获得中国证
券监督管理委员会审核通过。本公司的母公司锦江酒店集团同意将提供一切控股股东应给予之财务支援，
以确保锦江股份在 2013 年 6 月 30 日后的十二个月内能够清偿到期债务，以维持公司持续经营。基于上
述情况，本公司管理层认为，本财务报表系在持续经营假设的基础上编制。
记账基础和计价原则
本集团会计核算以权责发生制为记账基础。除某些金融工具以公允价值计量外，本财务报表以历史成本
作为计量基础。资产如果发生减值，则按照相关规定计提相应的减值准备。
2、遵循企业会计准则的声明
本公司编制的财务报表符合企业会计准则的要求，真实、完整地反映了本公司于 2013 年 6 月 30 日的公
司及合并财务状况以及 2013 年 1 月 1 日至 2013 年 6 月 30 日期间的公司及合并经营成果和公司及合并现
金流量。
3、会计期间
本集团的会计年度为公历年度，即每年 1 月 1 日起至 12 月 31 日止。本财务报表的会计期间为 2013 年 1
月 1 日起至 2013 年 6 月 30 日止。
4、记账本位币
人民币为本集团经营所处的主要经济环境中的货币，本集团以人民币为记账本位币。本集团编制本财务
报表时所采用的货币为人民币。
5、同一控制下和非同一控制下企业合并的会计处理方法
企业合并分为同一控制下企业合并和非同一控制下企业合并。
5.1 同一控制下的企业合并
参与合并的企业在合并前后均受同一方或相同的多方最终控制，且该控制并非暂时性的，为同一控制下
的企业合并。
合并方在企业合并中取得的资产和负债，按合并日其在被合并方的账面价值计量。合并方取得的净资产
账面价值与支付的合并对价的账面价值的差额，调整资本公积中的股本溢价，股本溢价不足冲减的则调
整留存收益。合并方为进行企业合并发生的各项直接费用，于发生时计入当期损益。
51
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
5、同一控制下和非同一控制下企业合并的会计处理方法 - 续
5.2 非同一控制下的企业合并
参与合并的企业在合并前后不受同一方或相同的多方最终控制，为非同一控制下的企业合并。
合并成本指购买方为取得被购买方的控制权而付出的资产、发生或承担的负债和发行的权益性工具的公
允价值。购买方为企业合并发生的审计、法律服务、评估咨询等中介费用以及其他相关管理费用，于发
生时计入当期损益。通过多次交易分步实现非同一控制下的企业合并的，合并成本为购买日支付的对价
与购买日之前已经持有的被购买方的股权在购买日的公允价值之和。对于购买日之前已经持有的被购买
方的股权，按照购买日的公允价值进行重新计量，公允价值与其账面价值之间的差额计入当期投资收益；
购买日之前已经持有的被购买方的股权涉及其他综合收益的，与其相关的其他综合收益转为购买日当期
投资收益。
购买方在合并中所取得的被购买方符合确认条件的可辨认资产、负债及或有负债在购买日以公允价值计
量。合并成本大于合并中取得的被购买方可辨认净资产公允价值份额的差额，作为一项资产确认为商誉
并按成本进行初始计量。合并成本小于合并中取得的被购买方可辨认净资产公允价值份额的，首先对取
得的被购买方各项可辨认资产、负债及或有负债的公允价值以及合并成本的计量进行复核，复核后合并
成本仍小于合并中取得的被购买方可辨认净资产公允价值份额的，计入当期损益。
因企业合并形成的商誉在合并财务报表中单独列报，并按照成本扣除累计减值准备后的金额计量。 商誉
至少在每年年度终了进行减值测试。
对商誉进行减值测试时，结合与其相关的资产组或者资产组组合进行。即，自购买日起将商誉的账面价
值按照合理的方法分摊到能够从企业合并的协同效应中受益的资产组或资产组组合，如包含分摊的商誉
的资产组或资产组组合的可收回金额低于其账面价值的，确认相应的减值损失。减值损失金额首先抵减
分摊到该资产组或资产组组合的商誉的账面价值，再根据资产组或资产组组合中除商誉以外的其他各项
资产的账面价值所占比重，按比例抵减其他各项资产的账面价值。
可收回金额为资产的公允价值减去处置费用后的净额与资产预计未来现金流量的现值两者之中的较高
者。资产的公允价值根据公平交易中销售协议价格确定；不存在销售协议但存在资产活跃市场的，公允
价值按照该资产的买方出价确定；不存在销售协议和资产活跃市场的，则以可获取的最佳信息为基础估
计资产的公允价值。处置费用包括与资产处置有关的法律费用、相关税费、搬运费以及为使资产达到可
销售状态所发生的直接费用。资产预计未来现金流量的现值，按照资产在持续使用过程中和最终处置时
所产生的预计未来现金流量，选择恰当的折现率对其进行折现后的金额加以确定。
商誉减值损失在发生时计入当期损益，且在以后会计期间不予转回。
52
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
6、合并财务报表的编制方法
合并财务报表的合并范围以控制为基础予以确定。控制是指本集团能够决定另一个企业的财务和经营政
策，并能据以从该企业的经营活动中获取利益的权力。
对于本集团处置的子公司，处置日(丧失控制权的日期)前的经营成果和现金流量已经恰当地包括在合并
利润表和合并现金流量表中。
对于通过非同一控制下的企业合并取得的子公司，其自购买日(取得控制权的日期)起的经营成果及现金
流量已经恰当地包括在合并利润表和合并现金流量表中，不调整合并财务报表的期初数和对比数。
对于通过同一控制下的企业合并取得的子公司，无论该项企业合并发生在报告期的任一时点，视同该子
公司同受最终控制方控制之日起纳入本集团的合并范围，其自报告期最早期间期初起的经营成果和现金
流量已恰当地包括在合并利润表和合并现金流量表中。
子公司采用的主要会计政策和会计期间按照本公司统一规定的会计政策和会计期间厘定。
本公司与子公司及子公司相互之间的所有重大账目的余额及交易于合并时抵销。
子公司股东权益中不属于母公司的份额作为少数股东权益，在合并资产负债表中股东权益项目下以“少
数股东权益”项目列示。子公司当期净损益中属于少数股东权益的份额，在合并利润表中净利润项目下
以“少数股东损益”项目列示。
少数股东分担的子公司的亏损超过了少数股东在该子公司期初所有者权益中所享有的份额，其余额仍冲
减少数股东权益。
对于购买子公司少数股权或因处置部分股权投资但没有丧失对该子公司控制权的交易，作为权益性交易
核算，调整归属于母公司所有者权益和少数股东权益的账面价值以反映其在子公司中相关权益的变化。
少数股东权益的调整额与支付/收到对价的公允价值之间的差额调整资本公积，资本公积不足冲减的，调
整留存收益。
因处置部分股权投资或其他原因丧失了对原有子公司控制权的，剩余股权按照其在丧失控制权日的公允
价值进行重新计量。处置股权取得的对价与剩余股权公允价值之和，减去按原持股比例计算应享有原子
公司自购买日开始持续计算的净资产的份额之间的差额，计入丧失控制权当期的投资收益。与原有子公
司股权投资相关的其他综合收益，在丧失控制权时转为当期投资收益。
7、现金及现金等价物的确定标准
现金是指企业库存现金以及可以随时用于支付的存款。现金等价物是指本集团持有的期限短、流动性强、
易于转换为已知金额现金、价值变动风险很小的投资。
8、外币业务和外币报表折算
外币交易在初始确认时采用交易发生日的即期汇率折算为人民币入账。
于资产负债表日，外币货币性项目采用该日即期汇率折算为人民币，因该日的即期汇率与初始确认时或
者前一资产负债表日即期汇率不同而产生的汇兑差额，除符合资本化条件的外币专门借款的汇兑差额在
资本化期间予以资本化计入相关资产的成本外，其他汇兑差额均直接计入当期损益。
以历史成本计量的外币非货币性项目仍以交易发生日的即期汇率折算的记账本位币金额计量。
53
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
8、外币业务和外币报表折算- 续
外币现金流量采用与现金流量发生日的即期汇率折算，汇率变动对现金及现金等价物的影响额，作为调
节项目，在现金流量表中以“汇率变动对现金及现金等价物的影响”单独列示。
年初数和上期实际数按照上期财务报表折算后的数额列示。
9、金融工具
在本集团成为金融工具合同的一方时确认一项金融资产或金融负债。金融资产和金融负债在初始确认时
以公允价值计量。对于以公允价值计量且其变动计入当期损益的金融资产和金融负债，相关的交易费用
直接计入损益，对于其他类别的金融资产和金融负债，相关交易费用计入初始确认金额。
9.1 公允价值确定方法
公允价值，指在公平交易中，熟悉情况的交易双方自愿进行资产交换或债务清偿的金额。金融工具存在
活跃市场的，本集团采用活跃市场中的报价确定其公允价值。活跃市场中的报价是指易于定期从交易所、
经纪商、行业协会、定价服务机构等获得的价格，且代表了在公平交易中实际发生的市场交易的价格。
不存在活跃市场的，本集团采用估值技术确定其公允价值。估值技术包括参考熟悉情况并自愿交易的各
方最近进行的市场交易中使用的价格、参照实质上相同的其他金融工具当前的公允价值、现金流量折现
法和期权定价模型等。
9.2 实际利率法
实际利率法是指按照金融资产或金融负债(含一组金融资产或金融负债)的实际利率计算其摊余成本及各
期利息收入或支出的方法。实际利率是指将金融资产或金融负债在预期存续期间或适用的更短期间内的
未来现金流量，折现为该金融资产或金融负债当前账面价值所使用的利率。
在计算实际利率时，本集团将在考虑金融资产或金融负债所有合同条款的基础上预计未来现金流量(不考
虑未来的信用损失)，同时还将考虑金融资产或金融负债合同各方之间支付或收取的、属于实际利率组成
部分的各项收费、交易费用及折价或溢价等。
9.3 金融资产的分类、确认和计量
金融资产在初始确认时划分为以公允价值计量且其变动计入当期损益的金融资产、持有至到期投资、贷
款和应收款项以及可供出售金融资产。以常规方式买卖金融资产，按交易日会计进行确认和终止确认。
本集团持有的金融资产主要包括贷款和应收款项及可供出售金融资产。
9.3.1. 贷款和应收款项
贷款和应收款项是指在活跃市场中没有报价、回收金额固定或可确定的非衍生金融资产。本集团划分为
贷款和应收款项的金融资产包括应收账款、应收利息、应收股利及其他应收款。
贷款和应收款项采用实际利率法，按摊余成本进行后续计量，在终止确认、发生减值或摊销时产生的利
得或损失，计入当期损益。
54
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
9、金融工具 - 续
9.3 金融资产的分类、确认和计量 - 续
9.3.2. 可供出售金融资产
可供出售金融资产包括初始确认时即被指定为可供出售的非衍生金融资产，以及除了以公允价值计量且
其变动计入当期损益的金融资产、贷款和应收款项、持有至到期投资以外的金融资产。
可供出售金融资产采用公允价值进行后续计量，公允价值变动形成的利得或损失，除减值损失和外币货
币性金融资产与摊余成本相关的汇兑差额计入当期损益外，确认为其他综合收益并计入资本公积，在该
金融资产终止确认时转出，计入当期损益。
可供出售金融资产持有期间按实际利率法计算的利息及被投资单位宣告发放的现金股利，计入投资收益。
9.4 金融资产减值
除了以公允价值计量且其变动计入当期损益的金融资产外，本集团在每个资产负债表日对其他金融资产
的账面价值进行检查，有客观证据表明金融资产发生减值的，计提减值准备。表明金融资产发生减值的
客观证据是指金融资产初始确认后实际发生的、对该金融资产的预计未来现金流量有影响，且企业能够
对该影响进行可靠计量的事项。
金融资产发生减值的客观证据，包括下列可观察到的各项事项：
(1) 发行方或债务人发生严重财务困难；
(2) 债务人违反了合同条款，如偿付利息或本金发生违约或逾期等；
(3) 本集团出于经济或法律等方面因素的考虑，对发生财务困难的债务人作出让步；
(4) 债务人很可能倒闭或者进行其他财务重组；
(5) 因发行方发生重大财务困难，导致金融资产无法在活跃市场继续交易；
(6) 无法辨认一组金融资产中的某项资产的现金流量是否已经减少，但根据公开的数据对其进行总体评
价后发现，该组金融资产自初始确认以来的预计未来现金流量确已减少且可计量，包括：
该组金融资产的债务人支付能力逐步恶化；
债务人所在国家或地区经济出现了可能导致该组金融资产无法支付的状况；
(7) 债务人经营所处的技术、市场、经济或法律环境等发生重大不利变化，使权益工具投资人可能无
法收回投资成本；
(8) 权益工具投资的公允价值发生严重或非暂时性下跌；
(9) 其他表明金融资产发生减值的客观证据。
以摊余成本计量的金融资产减值
以摊余成本计量的金融资产发生减值时，将其账面价值减记至按照该金融资产的原实际利率折现确定的
预计未来现金流量 (不包括尚未发生的未来信用损失)现值，减记金额确认为减值损失，计入当期损益。
金融资产确认减值损失后，如有客观证据表明该金融资产价值已恢复，且客观上与确认该损失后发生的
事项有关，原确认的减值损失予以转回，但金融资产转回减值损失后的账面价值不超过假定不计提减值
准备情况下该金融资产在转回日的摊余成本。
本集团对单项金额重大的金融资产单独进行减值测试；对单项金额不重大的金融资产，单独进行减值测
试或包括在具有类似信用风险特征的金融资产组合中进行减值测试。单独测试未发生减值的金融资产(包
括单项金额重大和不重大的金融资产)，包括在具有类似信用风险特征的金融资产组合中再进行减值测
试。已单项确认减值损失的金融资产，不包括在具有类似信用风险特征的金融资产组合中进行减值测试。
55
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
9、金融工具 - 续
9.4 金融资产减值 - 续
可供出售金融资产减值
可供出售金融资产发生减值时，将原计入资本公积的因公允价值下降形成的累计损失予以转出并计入减
值损失，该转出的累计损失为该资产初始取得成本扣除已收回本金和已摊销金额、当前公允价值和原已
计入损益的减值损失后的余额。
在确认减值损失后，期后如有客观证据表明该金融资产价值已恢复，且客观上与确认该损失后发生的事
项有关，原确认的减值损失予以转回，可供出售权益工具投资的减值损失转回确认为其他综合收益并记
入资本公积，可供出售债务工具的减值损失转回计入当期损益。
以成本计量的金融资产减值
在活跃市场中没有报价且其公允价值不能可靠计量的权益工具投资，或与该权益工具挂钩并须通过交付
该权益工具结算的衍生金融资产发生减值时，将其账面价值减记至按照类似金融资产当时市场收益率对
未来现金流量折现确定的现值，减记金额确认为减值损失，计入当期损益。该金融资产的减值损失一经
确认不得转回。
9.5 金融资产转移
满足下列条件之一的金融资产，予以终止确认：(1)收取该金融资产现金流量的合同权利终止；(2)该金融
资产已转移，且将金融资产所有权上几乎所有的风险和报酬转移给转入方；(3)该金融资产已转移，虽然
企业既没有转移也没有保留金融资产所有权上几乎所有的风险和报酬，但是放弃了对该金融资产控制。
若本集团既没有转移也没有保留金融资产所有权上几乎所有的风险和报酬，且未放弃对该金融资产的控
制的，则按照继续涉入所转移金融资产的程度确认有关金融资产，并相应确认有关负债。继续涉入所转
移金融资产的程度，是指该金融资产价值变动使企业面临的风险水平。
金融资产整体转移满足终止确认条件的，将所转移金融资产的账面价值及因转移而收到的对价与原计入
其他综合收益的公允价值变动累计额之和的差额计入当期损益。
金融资产部分转移满足终止确认条件的，将所转移金融资产的账面价值在终止确认及未终止确认部分之
间按其相对的公允价值进行分摊，并将因转移而收到的对价与应分摊至终止确认部分的原计入其他综合
收益的公允价值变动累计额之和与分摊的前述账面金额之差额计入当期损益。
9.6 金融负债的分类、确认和计量
本集团将发行的金融工具根据该金融工具合同安排的实质以及金融负债和权益工具的定义确认为金融负
债或权益工具。
金融负债在初始确认时划分为以公允价值计量且其变动计入当期损益的金融负债和其他金融负债。本集
团的金融负债主要为其他金融负债，包括应付款项、借款等。
应付款项包括应付账款、应付职工薪酬、应交税费、应付股利、应付利息、其他应付款以及一年内到期
的非流动负债，以公允价值进行初始计量，并采用实际利率法按摊余成本进行后续计量。付款期限在一
年以下(含一年)的应付款项列示为流动负债，其余的列示为非流动负债。
借款按其公允价值扣除交易费用后的金额进行初始计量，并采用实际利率法按摊余成本进行后续计量。
借款期限在一年以下(含一年)的借款列示为短期借款；借款期限在一年以上但自资产负债表日起一年内
(含一年)到期的借款列示为一年内到期的非流动负债，其余借款列示为长期借款。
56
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
9、金融工具 - 续
9.7 金融负债的终止确认
金融负债的现时义务全部或部分已经解除的，才能终止确认该金融负债或其一部分。本集团(债务人)与
债权人之间签订协议，以承担新金融负债方式替换现存金融负债，且新金融负债与现存金融负债的合同
条款实质上不同的，终止确认现存金融负债，并同时确认新金融负债。
金融负债全部或部分终止确认的，将终止确认部分的账面价值与支付的对价(包括转出的非现金资产或承
担的新金融负债)之间的差额，计入当期损益。
9.8 金融资产和金融负债的抵销
当本集团具有抵销已确认金融资产和金融负债的法定权利，且目前可执行该种法定权利，同时本集团计
划以净额结算或同时变现该金融资产和清偿该金融负债时，金融资产和金融负债以相互抵销后的金额在
资产负债表内列示。除此以外，金融资产和金融负债在资产负债表内分别列示，不予相互抵销。
9.9 权益工具
权益工具是指能证明拥有本集团在扣除所有负债后的资产中的剩余权益的合同。权益工具，在发行时收
到的对价扣除交易费用后增加股东权益。
本集团对权益工具持有方的各种分配(不包括股票股利)，减少股东权益。本集团不确认权益工具的公允
价值变动额。
10、应收款项
10.1 单项金额重大并单项计提坏账准备的应收款项
单项金额重大的判断依据或金额标 本集团将单项金额大于人民币 500 万元的应收款项作为单项金
准 额重大的应收款项。
本集团对于单项金额重大的应收款项，单独进行减值测试。当
存在客观证据表明本集团将无法按应收款项的原有条款收回
单项金额重大并单项计提坏账准备 款项时，计提坏账准备。本集团对根据应收款项的预计未来现
的计提方法 金流量现值低于其账面价值的差额进行计提。单项测试已确认
减值损失的应收款项，不再包括在具有类似信用风险特征的应
收款项组合中进行减值测试。
10.2 按组合计提坏账准备的应收账款
确定组合的依据 本集团对单项金额不重大以及金额重大但单项测试未发生减
值的应收款项，按信用风险特征的相似性和相关性对金融资产
进行分组。这些信用风险通常反映债务人按照该等资产的合同
条款偿还所有到期金额的能力，并且与被检查资产的未来现金
流量测算相关。
组合 1 本组合为本集团内有限服务型酒店营运及管理业务的应收账
款。
57
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
10、应收款项 - 续
10.2 按组合计提坏账准备的应收账款 - 续
按组合计提坏账准备的计提方法
组合 1 账龄分析法
采用账龄分析法计提坏账准备的具体计提比例如下：
账龄 应收账款坏账准备计提比例(%)
3 个月以下 -
3 个月-6 个月 0.50
6 个月-1 年 25.00
1 年以上 100.00
除上述应收账款外，其他应收款项按个别分析法计提坏账准备。
11、存货
11.1 存货的分类
本集团的存货主要包括原材料、产成品、库存商品和周转材料等。按成本进行初始计量，存货成本包括
采购成本、加工成本和其他使存货达到目前场所和状态所发生的支出。
11.2 发出存货的计价方法
存货发出时采用成本按加权平均法或先进先出法确定发出存货的实际成本。
11.3 存货可变现净值的确定依据及存货跌价准备的计提方法
资产负债表日，存货按照成本与可变现净值孰低计量。当其可变现净值低于成本时，提取存货跌价准备。
可变现净值是指在日常活动中，存货的估计售价减去至完工时估计将要发生的成本、估计的销售费用以
及相关税费后的金额。在确定存货的可变现净值时，以取得的确凿证据为基础，同时考虑持有存货的目
的以及资产负债表日后事项的影响。
存货按单个存货项目的成本高于其可变现净值的差额提取存货跌价准备。
计提存货跌价准备后，如果以前减记存货价值的影响因素已经消失，导致存货的可变现净值高于其账面
价值的，在原已计提的存货跌价准备金额内予以转回，转回的金额计入当期损益。
11.4 存货的盘存制度
存货盘存制度为永续盘存制。
11.5 低值易耗品和包装物的摊销方法
周转材料为能够多次使用、逐渐转移其价值但仍保持原有形态但未确认为固定资产的材料，包括包装物、
低值易耗品等。
包装物与低值易耗品采用一次转销法进行摊销。酒店新开业所领用的大量低值易耗品，在领用后 12 个月
内进行摊销。
58
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
12、长期股权投资
12.1 投资成本的确定
对于企业合并形成的长期股权投资，如为同一控制下的企业合并取得的长期股权投资，在合并日按照取
得被合并方所有者权益/股东权益账面价值的份额作为初始投资成本；通过非同一控制下的企业合并取得
的长期股权投资，按照合并成本作为长期股权投资的初始投资成本。对于多次交易实现非同一控制下的
企业合并，长期股权投资成本为购买日之前所持被购买方的股权投资的账面价值与购买日新增投资成本
之和。除企业合并形成的长期股权投资外的其他股权投资，按成本进行初始计量。
12.2 后续计量及损益确认方法
12.2.1 成本法核算的长期股权投资
本集团对被投资单位不具有共同控制或重大影响并且在活跃市场中没有报价、公允价值不能可靠计量的
长期股权投资，采用成本法核算；此外，公司财务报表采用成本法核算对子公司的长期股权投资。子公
司是指本集团能够对其实施控制的被投资单位。
采用成本法核算时，长期股权投资按初始投资成本计价，除取得投资时实际支付的价款或者对价中包含
的已宣告但尚未发放的现金股利或者利润外，当期投资收益按照享有被投资单位宣告发放的现金股利或
利润确认。
12.2.2 权益法核算的长期股权投资
本集团对联营企业和合营企业的投资采用权益法核算。联营企业是指本集团能够对其施加重大影响的被
投资单位，合营企业是指本集团与其他投资方对其实施共同控制的被投资单位。
采用权益法核算时，长期股权投资的初始投资成本大于投资时应享有被投资单位可辨认净资产公允价值
份额的，不调整长期股权投资的初始投资成本；初始投资成本小于投资时应享有被投资单位可辨认净资
产公允价值份额的，其差额计入当期损益，并相应调增长期股权投资的成本。
采用权益法核算时，当期投资损益为应享有或应分担的被投资单位当年实现的净损益的份额。在确认应
享有被投资单位净损益的份额时，以取得投资时被投资单位各项可辨认资产等的公允价值为基础，并按
照本集团的会计政策及会计期间，对被投资单位的净利润进行调整后确认。对于本集团与联营企业及合
营之间发生的未实现内部交易损益，按照持股比例计算属于本集团的部分予以抵销，在此基础上确认投
资损益。但本集团与被投资单位发生的未实现内部交易损失，按照《企业会计准则第 8 号――资产减值》
等规定属于所转让资产减值损失的，不予以抵销。对被投资单位除净损益以外的其他所有者权益/股东权
益变动，相应调整长期股权投资的账面价值确认为其他综合收益并计入资本公积。
在确认应分担被投资单位发生的净亏损时，以长期股权投资的账面价值和其他实质上构成对被投资单位
净投资的长期权益减记至零为限。此外，如本集团对被投资单位负有承担额外损失的义务，则按预计承
担的义务确认预计负债，计入当期投资损失。被投资单位以后期间实现净利润的，本集团在收益分享额
弥补未确认的亏损分担额后，恢复确认收益分享额。
对于本集团 2007 年 1 月 1 日首次执行新会计准则之前已经持有的对联营企业和合营企业的长期股权投
资，如存在与该投资相关的股权投资借方差额，按原剩余期限直线摊销的金额计入当期损益。
12.2.3 处置长期股权投资
处置长期股权投资时，其账面价值与实际取得价款的差额，计入当期损益。采用权益法核算的长期股权
投资，在处置时将原计入所有者权益的部分按相应的比例转入当期损益。
59
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
12、长期股权投资 - 续
12.3 确定对被投资单位具有共同控制、重大影响的依据
控制是指有权决定一个企业的财务和经营政策，并能据以从该企业的经营活动中获取利益。共同控制是
指按照合同约定对某项经济活动所共有的控制，仅在与该项经济活动相关的重要财务和经营决策需要分
享控制权的投资方一致同意时存在。重大影响是指对一个企业的财务和经营政策有参与决策的权力，但
并不能够控制或者与其他方一起共同控制这些政策的制定。在确定能否对被投资单位实施控制或施加重
大影响时，已考虑投资企业和其他方持有的被投资单位当期可转换公司债券、当期可执行认股权证等潜
在表决权因素。
12.4 减值测试方法及减值准备计提方法
本集团在每一个资产负债表日检查长期股权投资是否存在可能发生减值的迹象。如果该资产存在减值迹
象，则估计其可收回金额。如果资产的可收回金额低于其账面价值，按其差额计提资产减值准备，并计
入当期损益。
长期股权投资的减值损失一经确认，在以后会计期间不予转回。
13、固定资产
13.1 固定资产确认条件
固定资产是指为生产商品、提供劳务、出租或经营管理而持有的，使用寿命超过一个会计年度的有形资
产。固定资产在与其有关的经济利益很可能流入本集团、且其成本能够可靠计量时予以确认。购置或新
建的固定资产按取得时的成本进行初始计量。本公司在进行公司制改建时，国有股股东投入的固定资产，
按国有资产管理部门确认的评估值作为入账价值。与固定资产有关的后续支出，如果与该固定资产有关
的经济利益很可能流入且其成本能可靠地计量，则计入固定资产成本，并终止确认被替换部分的账面价
值。除此以外的其他后续支出，在发生时计入当期损益。
13.2 各类固定资产的折旧方法
固定资产从达到预定可使用状态的次月起，采用年限平均法并按其入账价值减去预计净残值后在使用寿
命内计提折旧。对计提了减值准备的固定资产，则在未来期间按扣除减值准备后的账面价值及依据尚可
使用年限确定折旧额。
各类固定资产的使用寿命、预计净残值和年折旧率如下：
类别 折旧年限(年) 残值率(%) 年折旧率(%)
房屋及建筑物 20-40 5-10 2.25-4.75
设备 3-15 5-10 6.00-31.67
运输工具 4-10 5-10 9.00-23.75
固定资产装修支出 5 0 20.00
预计净残值是指假定固定资产预计使用寿命已满并处于使用寿命终了时的预期状态，本集团目前从该项
资产处置中获得的扣除预计处置费用后的金额。
60
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
13、固定资产 - 续
13.3 固定资产的减值测试方法及减值准备计提方法
本集团在每一个资产负债表日检查固定资产是否存在可能发生减值的迹象。如果该资产存在减值迹象，
则估计其可收回金额。估计资产的可收回金额以单项资产为基础，如果难以对单项资产的可收回金额进
行估计的，则以该资产所属的资产组为基础确定资产组的可收回金额。如果资产或资产组的可收回金额
低于其账面价值，按其差额计提资产减值准备，并计入当期损益。
固定资产减值损失一经确认，在以后会计期间不予转回。
13.4 融资租入固定资产的认定依据及计价方法
以融资租赁方式租入的固定资产采用与自有固定资产一致的政策计提租赁资产折旧。能够合理确定租赁
期届满时取得租赁资产所有权的在租赁资产使用寿命内计提折旧，无法合理确定租赁期届满能够取得租
赁资产所有权的，在租赁期与租赁资产使用寿命两者中较短的期间内计提折旧。
13.5 其他说明
本集团至少于年度终了对固定资产的使用寿命、预计净残值和折旧方法进行复核，如发生改变则作为会
计估计变更处理。
当固定资产处于处置状态或预期通过使用或处置不能产生经济利益时，终止确认该固定资产。固定资产
出售、转让、报废或毁损的处置收入扣除其账面价值和相关税费后的差额计入当期损益。
14、在建工程
在建工程按成本计量，包括在建期间发生的各项工程支出、工程达到预定可使用状态前的资本化的借款
费用以及其他相关费用等。在建工程不计提折旧。在建工程在达到预定可使用状态后结转为固定资产并
自次月起开始计提折旧。
本集团在每一个资产负债表日检查在建工程是否存在可能发生减值的迹象。如果该资产存在减值迹象，
则估计其可收回金额。估计资产的可收回金额以单项资产为基础，如果难以对单项资产的可收回金额进
行估计的，则以该资产所属的资产组为基础确定资产组的可收回金额。如果资产或资产组的可收回金额
低于其账面价值，按其差额计提资产减值准备，并计入当期损益。
在建工程减值损失一经确认，在以后会计期间不予转回。
15、借款费用
可直接归属于符合资本化条件的资产的购建或者生产的借款费用，在资产支出已经发生、借款费用已经
发生、为使资产达到预定可使用或可销售状态所必要的购建或生产活动已经开始时，开始资本化；当购
建或者生产的符合资本化条件的资产达到预定可使用状态或者可销售状态时，停止资本化。如果符合资
本化条件的资产在购建或生产过程中发生非正常中断、并且中断时间连续超过 3 个月的，暂停借款费用
的资本化，直至资产的购建或生产活动重新开始。其余借款费用在发生当期确认为费用。
专门借款当期实际发生的利息费用，减去尚未动用的借款资金存入银行取得的利息收入或进行暂时性投
资取得的投资收益后的金额予以资本化；一般借款根据累计资产支出超过专门借款部分的资产支出加权
平均数乘以所占用一般借款的资本化率，确定资本化金额。资本化率根据一般借款的加权平均利率计算
确定。
61
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
16、无形资产
16.1 无形资产
无形资产是指本集团拥有或者控制的没有实物形态的可辨认非货币性资产。无形资产包括土地使用权、
专利权等。
无形资产按成本进行初始计量。与无形资产有关的支出，如果相关的经济利益很可能流入本集团且其成
本能可靠地计量，则计入无形资产成本。除此以外的其他无形项目的支出，在发生时计入当期损益。
使用寿命有限的无形资产自可供使用时起，对其原值在其预计使用寿命内采用直线法分期平均摊销。使
用寿命不确定的无形资产不予摊销。
期末，对使用寿命有限的无形资产的使用寿命和摊销方法进行复核，必要时进行调整。
16.2 无形资产的减值测试方法及减值准备计提方法
本集团在每一个资产负债表日检查使用寿命确定的无形资产是否存在可能发生减值的迹象。如果该等资
产存在减值迹象，则估计其可收回金额。估计资产的可收回金额以单项资产为基础，如果难以对单项资
产的可收回金额进行估计的，则以该资产所属的资产组为基础确定资产组的可收回金额。如果资产或资
产组的可收回金额低于其账面价值，按其差额计提资产减值准备，并计入当期损益。
使用寿命不确定的无形资产和尚未达到可使用状态的无形资产，无论是否存在减值迹象，每年均进行减
值测试。
无形资产减值损失一经确认，在以后会计期间不予转回。
17、长期待摊费用
长期待摊费用为已经发生但应由本期和以后各期负担的分摊期限超过一年的各项费用。长期待摊费用在
预计受益期间分期平均摊销。
各类长期待摊费用的预计受益期间及年摊销率如下：
类别 受益期间(年) 年摊销率(%)
经营租入固定资产改良支出 实际使用寿命、经营期与租赁期三者孰短 -
经营租入固定资产装修支出 5 20.00
其他 合同约定租赁期 -
18、预计负债
在资产负债表日，考虑与或有事项有关的风险、不确定性和货币时间价值等因素，按照履行相关现时义
务所需支出的最佳估计数对预计负债进行计量。如果货币时间价值影响重大，则以预计未来现金流出折
现后的金额确定最佳估计数。
62
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
19、收入
19.1 商品销售收入
在已将商品所有权上的主要风险和报酬转移给买方，既没有保留通常与所有权相联系的继续管理权，也
没有对已售商品实施有效控制，收入的金额能够可靠地计量，相关的经济利益很可能流入企业，相关的
已发生或将发生的成本能够可靠地计量时，确认商品销售收入的实现。
19.2 提供劳务收入
本集团对外提供酒店客房服务的，在酒店客房服务已提供且取得收取服务费的权利时确认收入。
提供劳务同时授予客户奖励积分的业务，在提供劳务的同时，将销售取得的货款或应收货款在本次劳务
提供产生的收入与奖励积分的公允价值之间进行分配，将取得的现金或应收货款扣除奖励积分公允价值
的部分确认为收入、奖励积分的公允价值确认为递延收益。
客户兑换奖励积分时，本集团将原计入递延收益的与所兑换积分相关的部分确认为收入，确认为收入的
金额以被兑换用于换取奖励的积分数额占预期将兑换用于换取奖励的积分总数的比例为基础计算确定。
19.3 加盟费收入
根据有关合同或协议，按权责发生制确认收入。
19.4 中央订房系统渠道收入
根据有关合同或协议，按权责发生制确认收入。
19.5 会员卡收入
在会员受益期内按直线法分期确认收入。
19.6 利息收入
按照他人使用本集团货币资金的时间和实际利率计算确定。
20、营业成本及费用
本集团主要从事有限服务型酒店营运及管理、食品及餐饮和物品供应等，营业成本主要系商品销售成本
等。职工薪酬、能源及物料消耗、折旧与摊销、经营租赁费用、维修和维护费用等主要在销售和管理费
用中列示。
21、政府补助
政府补助是指本集团从政府无偿取得货币性资产和非货币性资产。政府补助在能够满足政府补助所附条
件且能够收到时予以确认。
政府补助为货币性资产的，按照收到或应收的金额计量。
与资产相关的政府补助，确认为递延收益，并在相关资产的使用寿命内平均分配计入当期损益。
与收益相关的政府补助，用于补偿以后期间的相关费用和损失的，确认为递延收益，并在确认相关费用
的期间计入当期损益；用于补偿已经发生的相关费用和损失的，直接计入当期损益。
63
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
22、所得税
所得税费用包括当期所得税和递延所得税。
22.1 当期所得税
资产负债表日，对于当期和以前期间形成的当期所得税负债(或资产)，以按照税法规定计算的预期应交
纳(或返还)的所得税金额计量。计算当期所得税费用所依据的应纳税所得额系根据有关税法规定对本期
税前会计利润作相应调整后计算得出。
22.2 递延所得税资产及递延所得税负债
对于某些资产、负债项目的账面价值与其计税基础之间的差额，以及未作为资产和负债确认但按照税法
规定对于可以确定其计税基础的项目的账面价值与计税基础之间的差额产生的暂时性差异，采用资产负
债表债务法确认递延所得税资产及递延所得税负债。
一般情况下所有暂时性差异均确认相关的递延所得税。但对于可抵扣暂时性差异，本集团以很可能取得
用来抵扣可抵扣暂时性差异的应纳税所得额为限，确认相关的递延所得税资产。对于能够结转以后年度
的可抵扣亏损及税款抵减，以很可能获得用来抵扣可抵扣亏损和税款抵减的未来应纳税所得额为限，确
认相应的递延所得税资产。此外，与商誉的初始确认有关，以及与既不是企业合并、发生时也不影响会
计利润和应纳税所得额(或可抵扣亏损)的交易中产生的资产或负债的初始确认有关的应纳税暂时性差
异，不予确认有关的递延所得税负债。
本集团确认与子公司、联营企业及合营企业投资相关的应纳税暂时性差异产生的递延所得税负债，除非
本集团能够控制暂时性差异转回的时间，而且该暂时性差异在可预见的未来很可能不会转回。对于与子
公司、联营企业及合营企业投资相关的可抵扣暂时性差异，只有当暂时性差异在可预见的未来很可能转
回，且未来很可能获得用来抵扣可抵扣暂时性差异的应纳税所得额时，本集团才确认递延所得税资产。
资产负债表日，对于递延所得税资产和递延所得税负债，根据税法规定，按照预期收回相关资产或清偿
相关负债期间的适用税率计量。
除与直接计入其他综合收益或股东权益的交易和事项相关的当期所得税和递延所得税计入其他综合收益
或股东权益，以及企业合并产生的递延所得税调整商誉的账面价值外，其余当期所得税和递延所得税费
用或收益计入当期损益。
资产负债表日，对递延所得税资产的账面价值进行复核，如果未来很可能无法获得足够的应纳税所得额
用以抵扣递延所得税资产的利益，则减记递延所得税资产的账面价值。在很可能获得足够的应纳税所得
额时，减记的金额予以转回。
当拥有以净额结算的法定权利，且意图以净额结算或取得资产、清偿负债同时进行时，本集团当期所得
税资产及当期所得税负债以抵销后的净额列报。
当拥有以净额结算当期所得税资产及当期所得税负债的法定权利，且递延所得税资产及递延所得税负债
是与同一税收征管部门对同一纳税主体征收的所得税相关或者是对不同的纳税主体相关，但在未来每一
具有重要性的递延所得税资产及负债转回的期间内，涉及的纳税主体意图以净额结算当期所得税资产和
负债或是同时取得资产、清偿负债时，本集团递延所得税资产及递延所得税负债以抵销后的净额列报。
64
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
23、租赁
融资租赁为实质上转移了与资产所有权有关的全部风险和报酬的租赁。融资租赁以外的其他租赁为经营
租赁。
23.1 本集团作为承租人记录经营租赁业务
经营租赁的租金支出在租赁期内的各个期间按直线法计入相关资产成本或当期损益。初始直接费用计入
当期损益。或有租金于实际发生时计入当期损益。
23.2 本集团作为出租人记录经营租赁业务
经营租赁的租金收入在租赁期内的各个期间按直线法确认为当期损益。对金额较大的初始直接费用于发
生时予以资本化，在整个租赁期间内按照与确认租金收入相同的基础分期计入当期损益；其他金额较小
的初始直接费用于发生时计入当期损益。或有租金于实际发生时计入当期损益。
23.3 本集团作为承租人记录融资租赁业务
于租赁期开始日，将租赁开始日租赁资产的公允价值与最低租赁付款额现值两者中较低者作为租入资产
的入账价值，将最低租赁付款额作为长期应付款的入账价值，其差额作为未确认融资费用。此外，在租
赁谈判和签订租赁合同过程中发生的，可归属于租赁项目的初始直接费用也计入租入资产价值。
未确认融资费用在租赁期内采用实际利率法计算确认当期的融资费用。或有租金于实际发生时计入当期
损益。最低租赁付款额扣除未确认融资费用后的余额分别长期负债和一年内到期的长期负债列示。
24、职工薪酬
除因解除与职工的劳动关系而给予的补偿外，本集团在职工提供服务的会计期间，将应付的职工薪酬确
认为负债。
本集团按规定参加由政府机构设立的职工社会保障体系，包括基本养老保险、医疗保险、住房公积金及
其他社会保障制度，相应的支出于发生时计入相关资产成本或当期损益。
在职工劳动合同到期之前解除与职工的劳动关系，或为鼓励职工自愿接受裁减而提出给予补偿的建议，
如果本集团已经制定正式的解除劳动关系计划或提出自愿裁减建议并即将实施，同时本集团不能单方面
撤回解除劳动关系计划或裁减建议的，确认因解除与职工劳动关系给予补偿产生的预计负债，并计入当
期损益。
职工内部退休计划采用上述辞退福利相同的原则处理。本集团将自职工停止提供服务日至正常退休日的
期间拟支付的内退人员工资和缴纳的社会保险费等，在符合预计负债确认条件时，计入当期损益(辞退福
利)。
25、股利分配
现金股利于股东大会批准的当期，确认为负债。
26、主要会计政策变更
本期内，无重大会计政策变更。
65
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
27、重要会计估计和判断
本集团根据历史经验和其他因素，包括对未来事项的合理预期，对所采用的重要会计估计和关键判断进
行持续的评价。
重要会计估计及其关键假设
下列重要会计估计及关键假设存在会导致下一会计年度资产和负债的账面价值出现重大调整的重要风
险：
27.1 固定资产的预计使用寿命与预计净残值
本集团管理层负责评估确认固定资产的预计使用寿命与预计净残值。这项估计是将性质和功能类似的固
定资产过往的实际使用寿命与实际净残值作为基础。在固定资产使用过程中，其所处的经济环境，技术
环境以及其他环境有可能对固定资产使用寿命与预计净残值产生较大影响。如果固定资产使用寿命与净
残值的预计数与原先估计数有差异，本集团管理层将对其进行调整。
27.2 经营租入物业改良支出与装修支出的预计受益期间
本集团以租赁物业经营若干酒店，并对这些酒店进行物业改良支出与装修支出。本集团管理层根据过往
经验和可取得的信息，将经营租入物业改良支出根据实际使用寿命、经营期与租赁期三者孰短进行摊销，
将经营租入物业装修支出按 5 年进行摊销。如果经营租入物业改良支出与装修支出的上述预计受益期间
与原先估计数有差异，本集团管理层将对其进行调整。
27.3 递延所得税资产和递延所得税负债
递延所得税资产和递延所得税负债按照预期收回该资产或清偿该债务期间的适用所得税税率计量。预期
适用所得税税率是根据有关现行的税务法规及本集团的实际情况而确定。若预计所得税税率与原估计有
差异，本集团管理层将对其进行调整。
递延所得税资产的确定，以很可能取得用来抵扣暂时性差异的应纳税所得额为限。如果预计未来期间无
法取得足够的应纳税所得额用以利用可抵扣暂时性差异带来的经济利益，本集团管理层将减记递延所得
税资产的账面价值。
由于无法确定相关可抵扣税务亏损和可抵扣暂时性差异是否很可能转回，故本集团对于部分可抵扣税务
亏损人民币以及可抵扣暂时性差异未确认为递延所得税资产。如未来实际产生的盈利多于预期，将视情
况调整相应的递延所得税资产，确认在该情况发生期间的合并利润表中。
27.4 长期股权投资、固定资产、土地使用权和经营租入固定资产改良支出与装修支出的减值
本集团管理层根据附注(二)12、13、16 以及 17 所述的会计政策，于资产负债表日评估长期股权投资、固
定资产、土地使用权和经营租入固定资产改良支出与装修支出是否出现任何减值。可收回金额为资产预
计未来现金流量的现值与公允价值减去处置费用后的净额两者中较高者，是按可以取得的最佳信息作出
估计，以反映知情自愿各方于各资产负债表日进行公平交易以处置资产而获取的款项(经扣减处置成本)
或持续使用该资产所产生的现金。该估计于每次减值测试时都可能予以调整。
66
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(二) 公司主要会计政策、会计估计 - 续
27、重要会计估计和判断- 续
27.5 应收款项减值
本集团管理层及时判断应收款项的可收回程度，以此来估计应收款项减值准备。如发生任何事件或情况
变动，显示本集团未必可追回有关余额，则会为应收款项计提准备，并需要使用估计。若预期数字与原
来估计数不同，有关差额则会影响应收款项的账面价值，以及在估计变动期间的减值费用。
27.6 商誉减值
本集团管理层在对商誉进行减值测试时，需计算商誉的可收回金额按照预计未来现金流量的现值，采用
项目内含报酬率作为折现率。若未来现金流量的实际数据及项目实际报酬率与估计数不同，有关差额则
会影响商誉的账面价值。
(三) 税项
主要税种及税率
税种 计税依据 税率
增值税 销项税额减可抵扣进项税后余额 13%或 17%
营业税 应税营业收入 5%或 20%
城市维护建设税 流转税额 7%
教育费附加 流转税额 3%
地方教育费附加 流转税额 2%
企业所得税 应纳税所得额 25%
房产税 房产计税原值、租金收入 1.2%或 12%
67
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(四) 企业合并及合并财务报表范围
1、子公司情况
(1)通过设立或投资等方式取得的子公司
实质上构成对子 少数股东权益中用
期末实际
序 业务 注册资本 公司净投资的其 持股 表决权 是否合并 少数股东权益 于冲减少数股东
子公司全称 子公司类型 注册地 经营范围 出资额
号 性质 (人民币千元) 他项目余额 比例(%) 比例(%) 报表 (人民币元) 损益的金额
(人民币千元)
(人民币千元) (人民币元)
上海锦江国际餐饮投资管理有限公司 一人有限 餐饮业开发管理、
1 上海市天目西路 285 号 服务 149,930 149,930 - 100.00 100.00 是 - -
（“餐饮投资”） 责任公司 国内贸易
有限责任 酒店及饮食
2 上海闵行饭店有限公司（“闵行饭店”） 上海市兰坪路 202 号 服务 7,688 7,688 - 100.00 100.00 是 - -
公司
餐饮管理，中西餐
有限责任 上海市浦东新区金桥路 999
3 上海锦江同乐餐饮管理有限公司 服务 18,900 饮，以及相关技术 9,639 - 51.00 51.00 是 2,660,016.68 -
公司 号 207 室
咨询服务
股份制企 饮食加工设备的批
4 上海饮食服务成套设备公司 上海市西藏中路 200 号 7 楼 贸易 2,051 2,051 - 100.00 100.00 是 - -
业 发兼零售、代销
有限责任 上海市天目西路 285 号 417 各类餐饮管理、投
5 上海锦江国际食品餐饮管理有限公司 服务 10,000 10,000 - 100.00 100.00 是 - -
公司 室 资和咨询服务等
有限责任 中西糕点、月饼、
6 上海新亚食品有限公司(注 1) 上海市沪闵路 1724 号 生产 11,415 11,415 10,328 100.00 100.00 是 - -
公司 速冻食品
一人有限 上海市虹口区南崇明路 2 号 2 食品销售管理(非
7 上海新亚食品销售有限公司(注 2) 贸易 500 500 - 100.00 100.00 是 - -
责任公司 层 实物方式)
一人有限 上海市嘉定区祁连山南路 酒店管理(不含食
8 上海锦祁酒店管理有限公司 服务 500 500 - 100.00 100.00 是 - -
责任公司 2221 号 品生产经营)
一人有限 上海市闵行区北青公路 1068 投资管理，投资咨
9 上海锦北投资管理有限公司 服务 5,000 5,000 - 100.00 100.00 是 - -
责任公司 号 询，实业投资
一人有限 上海市普陀区绥德路 1 弄 1 投资管理，投资咨
10 上海锦真投资管理有限公司(注 3) 服务 5,000 5,000 - 100.00 100.00 是 - -
责任公司 号 202 室 j 座 询，实业投资
有限责任 沈阳市沈河区东顺城街 100 酒店业投资与咨询
11 沈阳锦富酒店投资管理有限公司(注 3) 服务 10,000 5,500 - 55.00 55.00 是 4,500,000.00 -
公司 号 服务
上海锦江都城酒店管理有限公司(注 3) 一人有限 上海市浦东新区惠南镇沪南 投资管理，投资咨
12 服务 50,000 50,000 - 100.00 100.00 是 - -
（“锦江都城”） 责任公司 路 9628 号 1 幢 1108 室 询，酒店管理
一人有限 上海市闸北区中山北路 588 餐饮企业管理
13 上海锦箸餐饮管理有限公司(注 3) 服务 10,000 10,000 - 100.00 100.00 是 - -
责任公司 号 2 幢 2 层 251 室
注 1：系餐饮投资下属子公司。
注 2：系上海新亚食品有限公司下属子公司。
注 3：系本期新增子公司，详见附注(四)3(1)。
68
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(四) 企业合并及合并财务报表范围 - 续
1、子公司情况- 续
(2)同一控制下企业合并取得的子公司
实质上构成对子公 少数股东权益中
年末实际 少数股东
业务 注册资本 司净投资的其他 持股 表决权 是否合 用于冲减少数
序号 子公司全称 子公司类型 注册地 经营范围 出资额 权益
性质 (人民币千元) 项目余额 比例(%) 比例(%) 并报表 股东损益的金额
(人民币千元) (人民币元)
(人民币千元) (人民币元)
客房、餐饮、商场、旅游、烟酒销
一人有限责任 上海市浦东新区浦建
1 锦江之星旅馆有限公司 服务 179,712 售、食品加工和分装配销、饭店管 179,712 - 100.00 100.00 是 - -
公司 路 1121 号 101-103 室
理、咨询
一人有限责任 上海市浦东新区浦建 对旅馆业的投资及咨询，宾馆设备
2 上海锦江国际旅馆投资有限公司 服务 1,225,000 1,225,000 - 100.00 100.00 是 - -
公司 路 1121 号 104 室 的销售
一人有限责任 上海市长宁区延安西 住宿、中型饭店、堂饮酒，理发，
3 上海锦江达华宾馆有限公司("达华宾馆") 服务 31,704 31,704 - 100.00 100.00 是 - -
公司 路 914 号-918 号 零售卷烟，零售旅游金银饰品等
西安市解放路 110 号
4 西安锦江之星旅馆有限公司(注 4) 有限责任公司 服务 20,000 住宿餐饮等 18,000 - 100.00 100.00 是 - -
801 室
5 郑州锦江之星旅馆有限公司(注 4) 有限责任公司 郑州市商城东路 152 号 服务 20,000 住宿餐饮等 18,000 - 100.00 100.00 是 - -
天津市塘沽区河北路
6 天津锦江之星旅馆有限公司(注 4) 有限责任公司 服务 40,000 住宿餐饮等 31,986 - 100.00 100.00 是 - -
2-98 号
天津河东区十三经路
7 天津河东区锦江之星旅馆有限公司(注 4) 有限责任公司 服务 21,000 住宿餐饮等 21,000 - 100.00 100.00 是 - -
百瑞里综合楼
沈阳市和平区南五马
8 沈阳松花江街锦江之星旅馆有限公司(注 4) 有限责任公司 服务 20,000 住宿餐饮等 20,000 - 100.00 100.00 是 - -
路 135 号
舟山普陀区沈家门街
9 舟山沈家门锦江之星旅馆有限公司(注 4) 有限责任公司 服务 4,000 住宿餐饮等 4,000 - 100.00 100.00 是 - -
道东海西路 2 号
天津市南开区咸阳路
10 天津锦津旅馆有限公司(注 4) 有限责任公司 服务 4,000 住宿餐饮等 4,000 - 100.00 100.00 是 - -
47 号商务楼
上海市青浦区青赵公
11 上海锦浦投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
路 116 号 3 幢
南京市鼓楼区山西路
12 南京沪锦旅馆有限公司(注 4) 有限责任公司 服务 1,500 住宿餐饮等 1,500 - 100.00 100.00 是 - -
61 号
昆山开发区同丰东路
13 昆山锦旅投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
1993 号
常州天宁区晋陵中路
14 常州锦旅投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
586 号 2 栋
西安市碑林区柿园路
15 西安锦旅投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
49 号
长春市阳关区全安街
16 长春锦江之星旅管有限公司(注 4) 有限责任公司 道办事处大经路 2279 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
号 201 室
长春市阳关区全安街
17 长春锦旅投资管理有限公司(注 4) 有限责任公司 道办事处大经路 2279 服务 2,500 住宿餐饮等 2,500 - 100.00 100.00 是 - -
号 201 室
69
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(四) 企业合并及合并财务报表范围 - 续
1、子公司情况- 续
(2)同一控制下企业合并取得的子公司 - 续
实质上构成对子公 少数股东权益中用于
序 注册资本 期末实际出额 司净投资的其他 持股 是否合并 少数股东权益 冲减少数股东损益的
子公司全称 子公司类型 注册地 业务性质 经营范围 表决权比例(%)
号 (人民币千元) (人民币千元) 项目余额 比例(%) 报表 (人民币元) 金额
(人民币千元) (人民币元)
镇江市贺家弄 149 号
18 镇江京口锦江之星旅馆有限公司(注 4) 有限责任公司 服务 10,000 住宿餐饮等 10,000 - 100.00 100.00 是 - -
205 室
武汉市经济技术开发
19 武汉锦旅投资管理有限公司(注 4) 有限责任公司 区 3R 地块（神龙单身 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
公寓西楼）
金华市永康街 329 号
20 金华锦旅锦江之星旅馆有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
205 室
深圳市罗湖区桂圆路
21 深圳锦旅酒店管理有限公司(注 4) 有限责任公司 一号六层综合楼 2 号 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
全栋
沈阳市和平区南五马
22 沈阳文化路锦江之星旅馆有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
路 135 号
福州市鼓楼区五一北
23 福州锦旅投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
路 110 号附属楼
常州市天宁区桃林雅
24 常州锦宁旅馆投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
景园 6-102
马鞍山市花山区花山
25 马鞍山锦旅投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
路 23 号
合肥市庐阳区庐江路
26 合肥锦旅投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
123 号 4-12 层
呼和浩特市赛罕区鄂
27 呼和浩特市锦旅投资管理有限公司(注 4) 有限责任公司 尔多斯大街蓝天集贸 服务 10,000 住宿餐饮等 10,000 - 100.00 100.00 是 - -
市场商业楼 1 层
昆明市关上北路 95
28 昆明沪锦酒店有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
号一楼
常州市钟楼区关河西
29 常州锦江之星投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
路 180-1 号
青海省西宁市城中区
30 西宁锦旅酒店投资管理有限公司(注 4) 有限责任公司 服务 500 住宿餐饮等 500 - 100.00 100.00 是 - -
饮马街 37 号
青岛市四方区杭州路
31 青岛锦江之星旅馆有限公司(注 4) 有限责任公司 服务 20,000 住宿餐饮等 20,000 - 100.00 100.00 是 - -
38 号
一人有限责任 上海市闵行区虹梅路
32 上海锦乐旅馆有限公司(注 5) 服务 4,000 住宿餐饮等 2,080 - 100.00 100.00 是 - -
公司 227 号
宁波市鄞州区钟公庙
33 宁波锦波旅馆有限公司(注 5) 有限责任公司 镇中心区麦德龙路 2 服务 5,000 住宿餐饮等 5,000 - 100.00 100.00 是 - -
号
34 苏州新区锦狮旅馆有限公司(注 5) 有限责任公司 苏州市高新区长江路 服务 10,000 住宿餐饮等 6,000 - 60.00 60.00 是 5,362,104.38 -
上海市东宝兴路 440
35 上海锦宏旅馆有限公司(注 5) 有限责任公司 服务 10,000 住宿餐饮等 10,000 - 100.00 100.00 是 - -
号
70
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(四) 企业合并及合并财务报表范围 - 续
1、子公司情况- 续
(2)同一控制下企业合并取得的子公司 - 续
实质上构成对子公 少数股东权益中用于
业务 注册资本 期末实际出资额 司净投资的其他 持股 是否合并 少数股东权益 冲减少数股东损益的
序号 子公司全称 子公司类型 注册地 经营范围 表决权比例(%)
性质 (人民币千元) (人民币千元) 项目余额 比例(%) 报表 (人民币元) 金额
(人民币千元) (人民币元)
无锡市工艺路 40
36 无锡锦江之星旅馆有限公司(注 5) 有限责任公司 服务 5,000 住宿餐饮等 5,000 - 100.00 100.00 是 - -
号
北京市石景山区游
北京锦江之星旅馆投资管理有限公司
37 有限责任公司 乐园西侧雅苑八角 服务 28,000 住宿餐饮等 28,000 - 100.00 100.00 是 - -
(注 5)
饭店 508 室
南京市下关区中山
38 南京锦绣旅馆有限公司(注 5) 有限责任公司 服务 10,000 住宿餐饮等 6,000 - 60.00 60.00 是 4,868,981.32 -
北路 550 号
上海市闵行区水清
39 上海锦海旅馆有限公司(注 5) 有限责任公司 服务 1,000 住宿餐饮等 700 - 70.00 70.00 是 766,560.00 -
南路 19 号
上海市浦东浦建路
40 上海锦花旅馆有限公司(注 5) 有限责任公司 服务 10,000 住宿餐饮等 8,000 - 80.00 80.00 是 3,898,994.95 -
221 号
扬州市四望亭 363
41 扬州锦扬旅馆有限公司(注 5) 有限责任公司 服务 8,000 住宿餐饮等 7,545 - 75.00 75.00 是 2,047,329.67 -
号
上海市南汇区芦潮
上海滴水湖锦江之星旅馆有限公司(注 一人有限责任
42 港镇果园路 128 号 服务 20,000 住宿餐饮等 18,000 - 100.00 100.00 是 - -
5) 公司
10 室-12
大连市中山区解放
43 大连锦江之星旅馆有限公司(注 5) 有限责任公司 服务 3,000 住宿餐饮等 3,000 - 100.00 100.00 是 - -
路 410 号
淮安市健康东路 61
44 淮安锦江之星旅馆有限公司(注 5) 有限责任公司 服务 6,000 住宿餐饮等 5,657 - 100.00 100.00 是 - -
号
上海市漕宝路 440
45 上海锦亚旅馆有限公司(注 5) 有限责任公司 服务 18,000 住宿餐饮等 19,864 - 100.00 100.00 是 - -
号
杭州市上城区中山
46 杭州锦江之星旅馆有限公司(注 5) 有限责任公司 服务 10,000 住宿餐饮等 9,446 - 100.00 100.00 是 - -
中路 196 号
重庆市九龙坡区杨
47 重庆锦江之星旅馆投资有限公司(注 5) 有限责任公司 服务 18,000 住宿餐饮等 16,513 - 100.00 100.00 是 - -
家坪兴胜路 60 号
成都市青羊区文武
48 成都锦江之星旅馆有限公司(注 5) 有限责任公司 服务 10,000 住宿餐饮等 8,746 - 100.00 100.00 是 - -
路 69 号
上海市长宁区长宁
49 上海锦宁旅馆有限公司(注 5) 有限责任公司 路 546 号 4 号楼、5 服务 10,000 住宿餐饮等 10,697 - 100.00 100.00 是 - -
号楼
上海市闵行区吴中
50 上海锦闵旅馆有限公司(注 5) 有限责任公司 服务 40,000 住宿餐饮等 38,558 - 100.00 100.00 是 - -
路 259 号
南昌孺子路锦江之星旅馆有限公司(注 南昌市西湖区船山
51 有限责任公司 服务 10,000 住宿餐饮等 10,000 - 100.00 100.00 是 - -
5) 路 456 号
南昌南京西路锦江之星旅馆有限公司 南昌市南京西路
52 有限责任公司 服务 10,000 住宿餐饮等 10,000 - 100.00 100.00 是 - -
(注 5) 388 号
沈阳市是和平区南
53 沈阳锦江之星旅馆有限公司(注 5) 有限责任公司 服务 15,000 住宿餐饮等 15,000 - 100.00 100.00 是 - -
五马路 135 号
嘉兴市春波坊二期
54 嘉兴锦江之星旅馆有限公司(注 5) 有限责任公司 服务 8,000 住宿餐饮等 7,821 - 100.00 100.00 是 - -
商贸街 15 幢三楼
张家港市经济开发 5,000 5,000 -
55 张家港锦江之星旅馆有限公司(注 5) 有限责任公司 服务 住宿餐饮等 100.00 100.00 是 - -
区国泰路 1 号
71
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(四) 企业合并及合并财务报表范围 - 续
1、子公司情况- 续
(2)同一控制下企业合并取得的子公司 - 续
实质上构成对子公 少数股东权益中用于冲减
业务 注册资本 期末实际出资额 持股 表决权 是否合并 少数股东权益
序号 子公司全称 子公司类型 注册地 经营范围 司净投资的其他 少数股东损益的金额
性质 (人民币千元) (人民币千元) 比例(%) 比例(%) 报表 (人民币元)
项目余额 (人民币元)
南宁市民族大道 141 号
56 南宁锦江之星旅馆有限公司(注 5) 有限责任公司 服务 14,000 住宿餐饮等 14,000 - 100.00 100.00 是 - -
中鼎万象东方 A 栋
一人有限责任 上海市杨浦区临青路
57 上海临青宾馆有限公司(注 5) 服务 16,600 住宿餐饮等 - - 100.00 100.00 是 - -
公司 333 号
上海市奉贤区南桥镇
58 上海锦奉旅馆有限公司(注 5) 有限责任公司 航南公路 5493 号、5499 服务 4,000 住宿餐饮等 4,000 - 100.00 100.00 是 - -
号
天津市红桥区光荣道
59 天津沪锦旅馆投资有限公司(注 5) 有限责任公司 服务 18,000 住宿餐饮等 18,000 - 100.00 100.00 是 - -
99，105 号 201
60 拉萨锦江之星旅馆有限公司(注 5) 有限责任公司 拉萨市德吉南路 15 号 服务 1,000 住宿餐饮等 1,000 - 100.00 100.00 是 - -
上海市黄浦区中华路
61 上海豫锦酒店管理有限公司(注 5) 有限责任公司 服务 20,000 住宿餐饮等 12,000 - 60.00 60.00 是 8,605,986.30 -
1425 号 627 室
上海市淮海中路 1028
62 上海锦厨餐饮管理有限公司(注 5) 有限责任公司 服务 300 住宿餐饮等 300 - 100.00 100.00 是 - -
号 2 楼 202 单元
注 4：系旅馆投资下属子公司。
注 5：系锦江之星旅馆有限公司(“锦江之星”)下属子公司。
72
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(四) 企业合并及合并财务报表范围 - 续
1、子公司情况- 续
(3)非同一控制下企业合并取得的子公司
实质上构成对 少数股东权益中用
子公司 业务 注册资本 期末实际出资额 子公司净投资的 持股 表决权比例 是否合并 少数股东权益 于冲减少数股东
子公司全称 注册地 经营范围
类型 性质 (人民币千元) (人民币千元) 其他项目余额 比例(%) (%) 报表 (人民币元) 损益的金额
(人民币千元) (人民币元)
上海新亚大家乐餐 上海市浦东新区 中西餐饮、食品和熟
有限责
饮有限公司(“新亚 金桥路 999 号 服务 68,670 食加工、饮品及相关 51,503 - 75% 75% 是 6,476,609.13 -
任公司
大家乐”) 203 室 小礼品销售
山西金广快捷酒店 山西省太原市小
有限责
管理有限公司(“金 店区建设南路 服务 68,333 住宿餐饮等 200,860 - 100% 100% 是 - -
任公司
广快捷”) 459 号
北京市门头沟区
有限责 石龙经济开发区 住宿、餐饮服务、酒
时尚之旅(注) 服务 300,000 639,000 - 100% 100% 是 - -
任公司 永安路 20 号 3 号 店管理等
楼 1-3736 室
注：于 2013 年 6 月 30 日，本公司完成了自天津华胜旅业股权投资合伙企业（有限合伙）（“华胜旅业”）及中国华力控股集团有限公司（“华力控股”）受让
时尚之旅 100%股权的交割程序。时尚之旅成为本公司的子公司而纳入合并财务报表合并范围(详见附注(四)2)。
73
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(四) 企业合并及合并财务报表范围 - 续
2、非同一控制下的企业合并
本期，本集团发生非同一控制下的企业合并的基本情况如下：
(1) 基本情况：
于 2013 年 6 月 14 日，本公司与华胜旅业以及华力控股签署了《关于时尚之旅酒店管理有限公司之
股权转让协议》，本公司向华胜旅业收购其拥有的时尚之旅 99%的股权，向华力控股收购其持有的
时尚之旅 1%股权。于 2013 年 6 月 30 日交割程序完成后，本公司拥有对时尚之旅的实际控制权，
故从 2013 年 6 月 30 日起，本公司将时尚之旅纳入财务报表合并范围。
时尚之旅的基本情况详见附注(四)1(3)。
(2) 被购买方主要财务信息：
人民币元
2013 年 6 月 30 日(购买日)
账面价值 公允价值
可辨认资产：
货币资金 10,915,062.29 10,915,062.29
除货币资金外的
23,041,969.42 23,634,440.75
其他流动资产
固定资产 967,372,045.40 1,403,128,236.07
在建工程 341,846,496.48 360,153,045.48
除固定资产、在建工程外的其他非流动资产 45,697,378.64 45,402,887.05
小计 1,388,872,952.23 1,843,233,671.64
可辨认负债：
流动负债 1,095,084,237.11 1,095,084,237.11
长期借款 - -
除长期借款外的
- 113,590,179.85
其他非流动负债
小计 1,095,084,237.11 1,208,674,416.96
净资产及归属于本公司股东的权益合计 293,788,715.12 634,559,254.68
商誉的确认情况：
合并对价 686,345,057.89
减：归属于本公司股东的权益 634,559,254.68
商誉 51,785,803.21
上述可辨认资产以及负债的公允价值以上海东洲资产评估有限公司按资产基础法确定的估值结果为
基础确定。
74
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(四) 企业合并及合并财务报表范围 - 续
2、非同一控制下的企业合并 - 续
(3) 本公司以支付现金和承担债务为合并对价，所支付对价在购买日的账面价值及公允价值分别为：
人民币元
账面价值 公允价值
合并对价：
现金和现金等价物 639,000,000.00 639,000,000.00
债务计入其他应付款（注） 47,345,057.89 47,345,057.89
合计 686,345,057.89 686,345,057.89
注：根据有关股权转让协议的约定，在购买日后，上述合并对价中本公司尚需支付的债务金额将根
据协议约定且双方协商确认的最终金额进行调整。
本期末，有关的协商及确认工作尚在进行过程中。本公司管理层认为，本财务报表中披露的有关金
额代表本公司管理层的最佳估计。
(4) 本公司在本次收购交易中涉及的现金流量情况如下：
人民币元
金额
作为合并对价的现金和现金等价物 639,000,000.00
减：被合并子公司及其他营业单位持有的现金和现金等价物 10,915,062.29
取得子公司及其他营业单位支付的现金和现金等价物 628,084,937.71
75
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(四) 企业合并及合并财务报表范围 - 续
3、本期新纳入合并范围的主体及不再纳入合并范围的主体
(1) 本期新设立并纳入合并范围的子公司
人民币元
名称 期末净资产 本期净利润（亏损）
上海锦真投资管理有限公司 4,840,412.06 (102,768.58)
沈阳锦富酒店投资管理有限公司 10,000,000.00 -
上海锦江都城酒店管理有限公司 49,821,581.32 (178,418.68)
上海锦箸餐饮管理有限公司 5,420,809.71 (4,579,190.29)
(2) 本期无注销并不再纳入合并范围的子公司
76
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释
1、货币资金
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
项目 外币金额 折算率 人民币金额 外币金额 折算率 人民币金额
现金：
人民币 11,406,502.84 6,215,216.77
银行存款：
人民币 226,728,960.44 244,604,951.21
美元 96,541.29 6.1787 596,499.67 78,572.26 6.2855 493,865.94
其他金融机构存款
(注)：
人民币 225,743,692.62 500,432,211.22
合计 464,475,655.57 751,746,245.14
注：其他金融机构存款系存于锦江国际集团财务有限责任公司(经批准的非银行金融机构，以下简称“财
务公司”)的款项。
2、应收账款
(1) 应收账款按种类披露：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
账面余额 坏账准备 账面余额 坏账准备
比例 比例 比例 比例
种类 金额 (%) 金额 (%) 金额 (%) 金额 (%)
单项金额重大并单项计
提坏账准备的应收账款
单项金额虽不重大但单
项计提坏账准备的应收 22,719,181.79 26.72 108,478.12 0.48 6,350,311.67 12.32 58,682.09 0.92
账款
按组合计提坏账准备的应收账款
有限服务型酒店运营管
62,315,827.74 73.28 1,202,329.66 1.93 45,208,002.55 87.68 1,217,505.75 2.69
理业务应收账款
合计 85,035,009.53 100.00 1,310,807.78 1.54 51,558,314.22 100.00 1,276,187.84 2.48
(2) 应收账款账龄如下：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
比例 比例
账龄 金额 (%) 坏账准备 账面价值 金额 (%) 坏账准备 账面价值
1 年以内 83,325,322.57 97.99 185,755.55 83,139,567.02 49,965,536.77 96.91 141,035.20 49,824,501.57
1至2年 858,871.32 1.01 558,103.30 300,768.02 1,047,504.52 2.03 589,879.71 457,624.81
2至3年 818,885.23 0.96 535,018.52 283,866.71 513,342.52 1.00 513,342.52 -
3 年以上 31,930.41 0.04 31,930.41 - 31,930.41 0.06 31,930.41 -
合计 85,035,009.53 100.00 1,310,807.78 83,724,201.75 51,558,314.22 100.00 1,276,187.84 50,282,126.38
77
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
2、应收账款 - 续
(3) 按账龄分析法计提坏账准备的应收账款组合：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
比例 比例
账龄 金额 (%) 坏账准备 账面价值 金额 (%) 坏账准备 账面价值
1 至 2 个月 57,185,907.47 91.77 - 57,185,907.47 42,817,242.65 94.71 - 42,817,242.65
3 至 6 个月 3,851,601.51 6.18 19,258.01 3,832,343.50 780,995.50 1.73 3,904.98 777,090.52
7 至 12 个月 126,996.14 0.20 31,749.03 95,247.11 528,218.17 1.17 132,054.54 396,163.63
12 个月以上 1,151,322.62 1.85 1,151,322.62 - 1,081,546.23 2.39 1,081,546.23 -
合计 62,315,827.74 100.00 1,202,329.66 61,113,498.08 45,208,002.55 100.00 1,217,505.75 43,990,496.80
(4) 本期内应收款坏账准备变动如下：
人民币元
本期收购
项目 2012 年 12 月 31 日 子公司而增加 本期计提额 本期转回额 本期转销额 2013 年 6 月 30 日
有限服务型酒
店运营管理业 1,217,505.75 - - - (15,176.09) 1,202,329.66
务应收账款
单项金额虽不
重大但单项计
58,682.09 49,796.03 - - - 108,478.12
提坏账准备的
应收账款
合计 1,276,187.84 49,796.03 - - (15,176.09) 1,310,807.78
(5) 本期末应收账款中持有本集团 5%(含 5%)以上表决权股份的股东情况。
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
单位名称 金额 计提坏账金额 金额 计提坏账金额
锦江国际（集团） - -
79,520.00 -
有限公司
(6) 本报告期末本应收账款前五名情况。
人民币元
占应收账款总额
单位名称 与本公司关系 金额
的比例(%)
德必文化创意产业发展有限公司 第三方 1,620,792.85 1.94
秦山第三核电有限公司 第三方 1,159,685.69 1.39
上海证券交易所 第三方 1,107,308.77 1.32
上海白玉兰宾馆有限公司 同一母公司 965,412.55 1.15
上海期交物业管理有限公司张江分公司 第三方 919,060.18 1.10
合计 5,772,260.04 6.90
78
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
2、应收账款 - 续
(7) 应收关联方账款情况
人民币元
占应收账款总额
单位名称 与本公司关系 金额 的比例(%)
上海白玉兰宾馆有限公司 同一母公司 965,412.55 1.15
武汉锦江国际大酒店有限公司 同一母公司 769,536.00 0.92
锦江国际商务电子有限公司 同一最终控制方 509,964.63 0.61
锦江国际 最终控制方 79,520.00 0.09
上海虹桥宾馆有限公司 同一母公司 77,118.40 0.09
上海龙申商务服务有限公司 同一最终控制方 33,991.51 0.04
上海食品集团酒店管理有限公司
同一最终控制方 29,141.63 0.03
胶州度假旅馆
香港锦江旅游有限公司 同一最终控制方 27,613.00 0.03
上海龙柏饭店有限公司 同一母公司 24,246.80 0.03
上海锦江汤臣大酒店有限公司 同一母公司 10,560.00 0.01
上海市食品集团公司晋元大酒店 同一最终控制方 6,473.21 0.01
上海锦江国际酒店（集团）股份
母公司 5,000.00 0.01
有限公司
上海海仑宾馆有限公司 同一母公司 3,040.00 0.00
合计 2,541,617.73 3.02
3、预付款项
(1) 预付款项账龄如下：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
账龄 金额 比例(%) 金额 比例(%)
1 年以内 41,047,685.10 100.00 47,529,871.40 100.00
合计 41,047,685.10 100.00 47,529,871.40 100.00
(2) 预付款项金额前五名单位情况
人民币元
单位名称 与本公司关系 金额 时间 未结算原因
中国电子器材华东公司 第三方 3,237,184.35 1 年以内 预付房租
山东威海百货大楼集团股份有限公司 第三方 2,466,666.65 1 年以内 预付房租
西安庆阳大厦（西安大庆路店） 第三方 1,911,431.25 1 年以内 预付房租
成都鼎欣酒店管理有限公司 第三方 1,568,258.60 1 年以内 预付房租
上海机场（集团）有限公司 第三方 1,794,811.85 1 年以内 预付房租
合计 10,978,352.70
79
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
3、预付款项- 续
(3) 本期末本预付款项中并无持有本公司 5%(含 5%)以上表决权股份的股东单位。
(4) 本期末本集团的预付款项均为单项金额不重大的款项。
4、应收股利
人民币元
相关款项
未收回 是否发生
项目 2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日 的原因 减值
账龄一年以内的应收股利
(1)上海肯德基有限公司 - 47,448,678.82 - 47,448,678.82 不适用 否
(2)杭州肯德基有限公司 - 32,136,184.70 (9,651,714.85) 22,484,469.85 不适用 否
(3)长江证券股份有限公司 - 23,126,000.00 - 23,126,000.00 不适用 否
(4)苏州肯德基有限公司 - 12,324,839.68 - 12,324,839.68 不适用 否
(5)无锡肯德基有限公司 - 5,951,247.33 (2,975,623.60) 2,975,623.73 不适用 否
(6)申银万国证券股份有限公司 - 1,108,856.60 - 1,108,856.60 不适用 否
(7)上海锦江国际实业投资股份
- 144,270.72 - 144,270.72 不适用 否
有限公司
(8)上海商务中心股份有限公司 - 186,000.00 (186,000.00) - 不适用 否
(9)其他 - 267,207.04 (23,902.00) 243,305.04 不适用 否
合计 - 122,693,284.89 (12,837,240.45) 109,856,044.44 -- --
本期末本集团并无账龄一年以上的应收股利。
5、其他应收款
(1) 其他应收款按种类披露：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
账面余额 坏账准备 账面余额 坏账准备
种类 金额 比例(%) 金额 比例(%) 金额 比例(%) 金额 比例(%)
单项金额重大并单
项计提坏账准备的 5,869,500.44 8.95 2,640,000.00 44.98 7,169,500.44 12.93 2,640,000.00 36.82
其他应收款
单项金额虽不重大
但单项计提坏账准 59,702,351.78 91.05 1,759,569.93 2.95 48,281,246.91 87.07 1,759,569.93 3.64
备的其他应收款
按组合计提坏账准
- - - - - - - -
备的其他应收款
合计 65,571,852.22 100.00 4,399,569.93 6.71 55,450,747.35 100.00 4,399,569.93 7.93
(2) 本期末单项金额重大的其他应收款的性质及内容：
本期末，本集团单项金额超过人民币 500 万元的其他应收款系经依法仲裁，锦江之星就咸阳人民中
路店租赁纠纷应向被告陕西茂源实业集团有限公司收取的应返还的租赁定金、租金及相关经济损失
赔偿款，合计金额为人民币 5,869,500.44 元。本集团已根据该应收款项的可回收程度计提坏账准备人
民币 2,640,000.00 元。
80
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
5、其他应收账款 - 续
(3) 其他应收账款账龄如下：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
比例 比例
账龄 金额 (%) 坏账准备 账面价值 金额 (%) 坏账准备 账面价值
1 年以内 33,008,986.39 50.33 - 33,008,986.39 27,418,363.82 49.45 108,100.05 27,310,263.77
1至2年 7,184,509.74 10.96 108,100.05 7,076,409.69 9,859,882.61 17.78 2,640,000.00 7,219,882.61
2至3年 8,672,136.12 13.23 2,640,000.00 6,032,136.12 2,011,803.25 3.63 - 2,011,803.25
3 年以上 16,706,219.97 25.48 1,651,469.88 15,054,750.09 16,160,697.67 29.14 1,651,469.88 14,509,227.79
合计 65,571,852.22 100.00 4,399,569.93 61,172,282.29 55,450,747.35 100.00 4,399,569.93 51,051,177.42
(4) 本期内其他应收款坏账准备变动如下：
人民币元
项目 2012 年 12 月 31 日 本期计提额 本期转回额 本期转销额 2013 年 6 月 30 日
单项金额重大并单项
计提坏账准备的其他 2,640,000.00 - - - 2,640,000.00
应收款
单项金额虽不重大但
单项计提坏账准备的 1,759,569.93 - - - 1,759,569.93
其他应收款
合计 4,399,569.93 - - - 4,399,569.93
(5) 本期末其他应收款中无持有本集团 5%(含 5%)以上表决权股份的股东单位。
(6) 其他应收款金额前五名单位情况：
人民币元
占应收账款总额
单位名称 与本公司关系 金额
的比例(%)
华力控股（注） 第三方 10,200,000.00 16.67
陕西茂源实业集团有限公司 第三方 5,869,500.44 9.60
中国歌舞团 第三方 1,000,000.00 1.63
上海商务中心股份有限公司 第三方 900,000.00 1.47
浙江中房置业股份有限公司 第三方 850,000.00 1.39
合计 18,819,500.44 30.76
注：系时尚之旅原股东华力控股的暂借款，已于 2013 年 7 月 1 日归还。
81
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
5、其他应收账款 - 续
(7) 应收关联方款项
人民币元
占其他应收款
单位名称 与本公司关系 金额
总额比例(%)
上海白玉兰宾馆有限公司 同一母公司 3,223,319.37 5.27
上海锦江国际实业投资股份有限公司新锦江商旅酒店 同一母公司 821,385.22 1.34
新城饭店 同一母公司 560,464.89 0.92
上海金沙江大酒店有限公司 同一母公司 442,994.00 0.72
上海锦江国际酒店（集团）股份有限公司 母公司 299,699.27 0.49
上海华亭宾馆有限公司 同一母公司 11,070.56 0.02
合计 5,358,933.31 8.76
6、存货
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
项目 账面余额 跌价准备 账面价值 账面余额 跌价准备 账面价值
原材料 13,808,357.33 - 13,808,357.33 15,089,439.62 - 15,089,439.62
产成品 771,260.74 - 771,260.74 1,958,467.59 - 1,958,467.59
库存商品 4,030,264.36 - 4,030,264.36 3,367,910.70 - 3,367,910.70
周转材料 16,152,255.21 - 16,152,255.21 9,903,131.64 - 9,903,131.64
合计 34,762,137.64 - 34,762,137.64 30,318,949.55 - 30,318,949.55
7、其他流动资产
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
待摊费用 3,435,003.99 1,636,178.51
已支付的所得税 224,874.30 -
合计 3,659,878.29 1,636,178.51
8、可供出售金融资产
(1)可供出售金融资产情况
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
公允价值 公允价值
可供出售权益工具 923,806,899.78 1,150,338,438.54
合计 923,806,899.78 1,150,338,438.54
82
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
8、可供出售金融资产- 续
(2)可供出售权益工具情况
人民币元
被投资公司 股票 本期公允价值
2012 年 12 月 31 日 本期处置 2013 年 6 月 30 日 期末股数
名称 代码 变动
长江证券 000783 1,139,561,999.21 (210,228,931.81) (14,699,769.50) 914,633,297.90 115,630,000
交通银行 601328 5,008,029.74 (881,980.77) - 4,126,048.97 1,013,771
锦江投资 600650 4,271,667.84 (564,537.60) - 3,707,130.24 627,264
全聚德 002186 1,496,741.75 (156,319.08) - 1,340,422.67 95,608
合计 1,150,338,438.54 (211,831,769.26) (14,699,769.50) 923,806,899.78 117,366,643
本集团将上述权益工具分类为可供出售金融资产，本期末公允价值参照上海证券交易所和深圳证券交易
所于 2013 年 1 月 1 日至 2013 年 6 月 30 日止期间最后一个交易日，即 2013 年 6 月 28 日之收盘价确定。
本财务报告期内，本公司出售长江证券股票共计 5,600,000 股，出售后本公司持有长江证券的股票数量为
115,630,000 股；全聚德 2012 年的权益分配方案中，以每 10 股转增 10 股，转增后本公司持有全聚德的
股票数量为 95,608 股。
9、长期股权投资
(1) 长期股权投资分类汇总如下：
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
对联营企业投资 119,100,967.31 195,879,103.27
其他股权投资 45,861,244.72 44,302,019.12
合计 164,962,212.03 240,181,122.39
减：长期股权投资减值准备 5,000,000.00 5,000,000.00
长期股权投资净额 159,962,212.03 235,181,122.39
(2) 本期间长期股权投资减值准备变动如下：
人民币元
被投资企业名称 2012 年 12 月 31 日 本期增加额 本期减少额 2013 年 6 月 30 日
其他股权投资
申银万国证券股份有限公司 5,000,000.00 - - 5,000,000.00
合计 5,000,000.00 - - 5,000,000.00
83
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
9、长期股权投资 - 续
(3) 对联营公司投资明细如下：
在被投 在被投
资单位 资单位 在被投资单位 减 本期
本期增减变动 的有效 表决权 持股比例与表 值 计提
核算 追加 按权益法调整 宣告分派 其他权 持股比 比例 决权比例不一 准 减值
被投资单位 方法 初始投资成本 2012 年 12 月 31 日 (减少)投资 的净损益 的现金股利 益变动 2013 年 6 月 30 日 例(%) (%) 致的说明 备 准备
联营企业
上海肯德基有限公司 权益法 97,977,250.00 148,976,937.79 - (33,216,049.23) (47,448,678.82) - 68,312,209.74 42 42 不适用 - -
上海新鹿餐饮发展有
权益法 2,719,227.00 1,165,297.60 - 108,248.14 - - 1,273,545.74 25 25 不适用 - -
限公司
上海新亚富丽华餐饮
权益法 14,350,000.00 22,571,454.34 - 1,979,569.60 - - 24,551,023.94 41 41 不适用 - -
股份有限公司
上海吉野家快餐有限
权益法 37,590,040.10 13,362,786.01 5,384,626.34 (3,305,376.17) - - 15,442,036.18 42.815 42.815 不适用 - -
公司(注 1)
上海静安面包房有限
权益法 5,755,836.40 802,627.53 - (280,475.82) - - 522,151.71 14.63 14.63 不适用 - -
公司(注 2)
上海新锦酒店管理有
权益法 9,000,000.00 9,000,000.00 - 9,000,000.00 30 30 不适用 - -
限公司
合计 195,879,103.27 5,384,626.34 (34,714,083.48) (47,448,678.82) - 119,100,967.31
注1：本财务报告期内，餐饮投资与上海吉野家快餐有限公司其他各投资方对上海吉野家快餐有限公司同比例以货币资金增资。餐饮投资增资金额为856,305.00美元
(折合人民币5,384,626.34元)，增资后，餐饮投资对上海吉野家快餐有限公司的持股比例仍为42.815%。
注2：本公司子公司餐饮投资向静安面包房董事会派出董事，其在静安面包房董事会中占有两个席位。餐饮投资管理层认为其能对静安面包房施加重大影响，故将
静安面包房作为联营公司核算。
84
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
9、长期股权投资 - 续
(4) 其他长期股权投资明细如下：
在被投资单位 本期计提
被投资单位 核算方法 初始投资成本 2012 年 12 月 31 日 本期新增(减少)投资 2013 年 6 月 30 日 持股比例(%) 减值准备 减值准备
其他长期股权投资
杭州肯德基有限公司 成本法 12,265,725.33 12,265,725.33 - 12,265,725.33 8 - -
- -
苏州肯德基有限公司(注 1) 成本法 3,627,002.24 2,067,776.64 1,559,225.60 3,627,002.24 8
- -
无锡肯德基有限公司 成本法 3,761,343.20 3,761,343.20 - 3,761,343.20 8
长江联合发展公司 成本法 700,000.00 700,000.00 - 700,000.00 <1 - -
- -
上海商务中心股份有限公司 成本法 5,187,700.00 5,187,700.00 - 5,187,700.00 3
申银万国证券股份有限公司 成本法 10,000,000.00 10,000,000.00 - 10,000,000.00 <1 5,000,000.00 -
上海锦江酒店物品有限公司 成本法 1,469,473.95 1,469,473.95 - 1,469,473.95 15 - -
- -
其他(注 2) 成本法 8,850,000.00 8,850,000.00 - 8,850,000.00 <1
合计 44,302,019.12 1,559,225.60 45,861,244.72
注 1：本财务报告期内，本公司与苏州肯德基有限公司其他各投资方对苏州肯德基有限公司同比例增资，本公司增资金额为 552,000.00 美元，分两期出资，本财务报告期内支付
第一期出资额 248,000.00 美元(折合人民币 1,559,225.60 元)，增资后本公司对苏州肯德基有限公司的持股比例仍为 8%。
注 2：根据本公司于 2006 年 12 月 29 日与广东粤财信托投资有限公司(“受托人”)签署的协议，本公司已预留所持长江证券 5,296,709 股股权，用于实施长江证券员工的股权激
励计划，该股权激励计划应经主管部门批准后方可实施，本公司将该部分预留股权按照原始投资成本列为其他长期股权投资，计人民币 8,850,000.00 元。于 2009 年度，受
托人参与长江证券配股计划，使配股后本公司上述预留股权的股数上升为 6,447,079 股。根据本公司与受托人最终签署并于 2012 年 2 月 6 日生效的《粤财信托长江证券
股权激励计划之股权储备集合财产信托终止合同》(“信托终止合同”)所载，受托人自集合财产信托的全体委托人均与其签署信托终止合同之日起开始信托清算，并自全部
信托财产清算分配完毕之日起终止信托。于本期末，本公司管理层预计，该项长期股权投资的账面成本不高于自该信托财产清算可收回金额。
85
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
9、长期股权投资 - 续
(5) 对联营企业投资
本企业 本企业在被投
法定代 组织机构代 有效持股 资单位 期末 期末 期末 本期营业 本期
被投资单位名称 企业类型 注册地 表人 码 业务性质 注册资本 比例(%) 表决权比例(%) 资产总额 负债总额 净资产总额 收入总额 净利润(亏损)
联营企业
上海市杨浦区双辽路 768
上海肯德基有限公司 有限责任公司 朱宗毅 607206718 生产肯德基快餐 2,701 万美元 42% 42% 587,659,725.33 428,312,972.26 159,346,753.07 1,079,810,538.31 (79,074,204.28)
号
上海风味的菜肴兼营
上海新鹿餐饮发展有限公司 有限责任公司 上海市北京东路 813 号 张晓强 607382666 98 万美元 25% 25% 5,451,484.04 356,556.79 5,094,927.25 900,000.00 432,992.60
卡拉 ok 和舞厅
餐饮业、厨房设备、日 3,500 万元
上海新亚富丽华餐饮股份有限公司 股份有限公司 上海市淮海中路 808 号 张晓强 132521182 41% 41% 103,300,970.91 43,420,424.85 59,880,546.06 84,932,124.01 4,828,218.49
用化学品等 人民币
快餐、与相关商品的批
上海吉野家快餐有限公司 有限责任公司 上海市恒丰路 585 号 张晓强 738536856 1,230 万美元 42.815% 42.815% 41,511,787.30 5,444,903.79 36,066,883.51 32,347,703.32 (7,720,135.88)
发业务
上海市华泾路 1305 弄 10 面包及糕点的生产及
上海静安面包房有限公司 有限责任公司 张晓强 607242698 205.0581 万美元 14.63% 14.63% 38,278,837.47 34,709,789.51 3,569,047.96 40,033,544.76 (1,917,127.89)
号 A 区 603 室 销售、快餐业务
上海市南京东路 90 弄 1 号 3,000 万元
上海新锦酒店管理有限公司 有限责任公司 吴建初 56962437-9 酒店管理、实业投资 30% 30% 31,459,106.48 1,459,106.48 30,000,000.00 - -
101 室 人民币
本集团联营企业的重要会计政策与本集团的会计政策不存在重大差异。本期内，本集团长期股权投资向投资企业转移资金能力未受到限制。本期末，本集团并
无未确认的投资损失。
86
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
10、固定资产
(1) 固定资产情况
人民币元
项目 2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日
一、账面原值合计： 1,973,927,594.27 1,515,535,218.28 (3,221,073.68) 3,486,241,738.87
其中：房屋及建筑物 846,089,608.60 1,348,125,300.94 - 2,194,214,909.54
机器设备 1,026,982,906.84 122,020,580.27 (2,838,330.68) 1,146,165,156.43
运输工具 11,864,835.34 834,344.33 (382,743.00) 12,316,436.67
固定资产装修支出 88,990,243.49 44,554,992.74 - 133,545,236.23
二、累计折旧合计： 827,707,682.58 98,270,455.10 (2,879,379.09) 923,098,758.59
其中：房屋及建筑物 167,067,032.61 27,551,127.78 - 194,618,160.39
机器设备 583,323,388.20 60,855,203.12 (2,636,781.57) 641,541,809.75
运输工具 7,694,270.35 500,121.84 (242,597.52) 7,951,794.67
固定资产装修支出 69,622,991.42 9,364,002.36 - 78,986,993.78
三、固定资产账面净值合计 1,146,219,911.69 2,563,142,980.28
其中：房屋及建筑物 679,022,575.99 1,999,596,749.15
机器设备 443,659,518.64 504,623,346.68
运输工具 4,170,564.99 4,364,642.00
固定资产装修支出 19,367,252.07 54,558,242.45
四、减值准备合计 534,186.87 - (379,650.76) 154,536.11
其中：房屋及建筑物 - - - -
机器设备 534,186.87 - (379,650.76) 154,536.11
运输工具 - - - -
固定资产装修支出 - - - -
五、固定资产账面价值合计 1,145,685,724.82 2,562,988,444.17
其中：房屋及建筑物 679,022,575.99 1,999,596,749.15
机器设备 443,125,331.77 504,468,810.57
运输工具 4,170,564.99 4,364,642.00
固定资产装修支出 19,367,252.07 54,558,242.45
87
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
10、固定资产 - 续
(1) 固定资产情况 - 续
账面原值本期增加中，因购置而增加人民币 15,643,164.23 元，因在建工程转入而增加人民币 68,640,155.99
元，因购买子公司而增加人民币 1,431,251,898.06 元（详情参见附注（四）2）。
账面原值本期减少中，因处置而减少的固定资产原值人民币 3,221,073.68 元。
累计折旧本期增加中，本期计提人民币 70,146,793.11 元，因购买子公司而增加人民币 28,123,661.99 元（详
情参见附注（四）2）。
累计折旧本期减少中，因处置而减少人民币 2,879,379.09 元。
减值准备本期减少中，因处置而减少人民币 379,650.76 元。
(2) 通过融资租赁租入的固定资产情况
人民币元
项目 账面原值 累计折旧 账面净值
2012 年 12 月 31 日：
机器设备 8,794,490.75 2,726,018.86 6,068,471.89
2013 年 6 月 30 日： 8,794,490.75 3,057,428.55 5,737,062.20
机器设备
(3) 尚未办妥产权证书的固定资产情况
于 2013 年 6 月 30 日，子公司时尚之旅的净值为人民币 370,572,320.73 元的房屋建筑物产权证明尚
在办理中。
88
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
11、在建工程
(1) 在建工程明细如下：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
项目
账面余额 减值准备 账面净值 账面余额 减值准备 账面净值
一、固定资产装修
1、旅馆投资在建工程：
金广沈阳怀远店(双品牌）装修工程 19,609,181.22 - 19,609,181.22 6,916,666.20 - 6,916,666.20
绵阳科技大楼立交桥店(双品牌)装修工程 17,946,873.56 - 17,946,873.56 12,344,580.83 - 12,344,580.83
长治八一广场店(双品牌)装修工程 17,516,510.47 - 17,516,510.47 15,355,352.65 - 15,355,352.65
靖边县人民路店装修工程 16,179,510.37 - 16,179,510.37 2,668,352.87 - 2,668,352.87
威海百货大楼店装修工程 15,762,503.93 - 15,762,503.93 8,920,878.38 - 8,920,878.38
金广临汾解放路店装修工程 15,621,423.89 - 15,621,423.89 14,294,930.82 - 14,294,930.82
自贡市同兴路店装修工程 15,181,177.66 - 15,181,177.66 2,694,211.46 - 2,694,211.46
大连联合路店装修工程 14,563,549.46 - 14,563,549.46 1,345,014.22 - 1,345,014.22
泰州兴化英武大桥店装修工程 12,083,912.94 - 12,083,912.94 11,390,910.08 - 11,390,910.08
秦皇岛山海关店装修工程 11,977,338.76 - 11,977,338.76 10,948,618.34 - 10,948,618.34
上海真南路店装修工程 11,830,610.51 - 11,830,610.51 8,405,753.12 - 8,405,753.12
秦皇岛东港路店装修工程 11,730,140.28 - 11,730,140.28 10,731,280.02 - 10,731,280.02
汕头金砂西路店装修工程 10,776,446.87 - 10,776,446.87 3,258,617.37 - 3,258,617.37
延吉光华路店装修工程 270,938.06 - 270,938.06 14,043,622.24 - 14,043,622.24
沈阳沈北大学城店装修工程 48,344.00 - 48,344.00 17,183,987.06 - 17,183,987.06
上海虹桥枢纽店装修工程 37,710.00 - 37,710.00 12,124,392.85 - 12,124,392.85
无锡惠山区区政府店装修工程 35,198.00 - 35,198.00 17,845,624.08 - 17,845,624.08
萧山市心路店(百时)装修工程 22,316.74 - 22,316.74 23,295,793.99 - 23,295,793.99
台州黄岩环城东路店(双品牌)装修工程 8,728.00 - 8,728.00 18,131,632.41 - 18,131,632.41
绍兴柯桥万国中心店装修工程 3,918.90 - 3,918.90 13,037,485.27 - 13,037,485.27
旅馆投资其他装修工程 32,932,098.18 - 32,932,098.18 78,650,667.25 - 78,650,667.25
小计 224,138,431.80 - 224,138,431.80 303,588,371.51 - 303,588,371.51
89
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
11、在建工程 - 续
(1) 在建工程明细如下：- 续
2013 年 6 月 30 日 2012 年 12 月 31 日
项目
账面余额 减值准备 账面净值 账面余额 减值准备 账面净值
2、锦江之星在建工程：
锦江之星装修工程 6,960,970.68 - 6,960,970.68 4,362,447.47 - 4,362,447.47
小计 6,960,970.68 6,960,970.68 4,362,447.47 4,362,447.47
3、时尚之旅在建工程
长沙开福店装修工程 77,157,331.44 - 77,157,331.44
芜湖镜湖店装修工程 69,953,919.53 - 69,953,919.53
无锡江阴店装修工程 65,792,559.07 - 65,792,559.07
福建晋江店装修工程 65,641,983.14 - 65,641,983.14
郑州二七店装修工程 61,121,145.49 - 61,121,145.49
时尚之旅其他装修工程 20,486,106.81 - 20,486,106.81
小计 360,153,045.48 360,153,045.48
4、其他装修工程
达华宾馆装修工程 27,582,881.02 - 27,582,881.02 16,964,551.73 - 16,964,551.73
东亚饭店装修工程 - - - 18,727,924.73 - 18,727,924.73
其他装修工程 3,626,793.25 - 3,626,793.25 87,400.00 87,400.00
小计 31,209,674.27 31,209,674.27 35,779,876.46 35,779,876.46
二、软件
新亚大家乐用友 ERP 系统工程 330,653.50 (330,653.50) - 330,653.50 (330,653.50) -
大家乐供应商订单平台系统 - - 312,000.00 312,000.00
小计 330,653.50 (330,653.50) - 642,653.50 (330,653.50) 312,000.00
合计 622,792,775.73 (330,653.50) 622,462,122.23 344,373,348.94 (330,653.50) 344,042,695.44
90
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
11、在建工程 - 续
(2) 重大在建工程变动情况
人民币元
利息资本 其中:本期 本期利息
本期转入 本期转入 本期转入长 本期转出 工程投入占 资金来源
项目名称 预算数 2012 年 12 月 31 日 本期增加 2013 年 6 月 30 日 工程进度 化累计金 利息资本化 资本化率
固定资产 无形资产 期待摊费用 预算比例
额 金额 (%)
东亚饭店装修工程 26,160,000.00 18,727,924.73 4,594,132.37 (23,322,057.10) - - - - 89% 100% - - - 自筹资金
达华宾馆装修工程 34,377,550.00 16,964,551.73 10,618,329.29 - - - - 27,582,881.02 80% 80% - - - 自筹资金
长沙开福店装修工程 96,446,664.30 - 77,157,331.44 - - - - 77,157,331.44 80% 80% - - - 自筹资金
福建晋江店装修工程 72,935,536.82 - 65,641,983.14 - - - - 65,641,983.14 90% 90% - - - 自筹资金
郑州二七店装修工程 67,912,383.88 - 61,121,145.49 - - - - 61,121,145.49 90% 90% - - - 自筹资金
芜湖镜湖店装修工程 77,726,577.26 - 69,953,919.53 - - - - 69,953,919.53 90% 90% - - - 自筹资金
无锡江阴店装修工程 73,102,843.41 - 65,792,559.07 - - - - 65,792,559.07 90% 90% - - - 自筹资金
泰州兴化英武大桥店装修工程 10,332,900.00 11,390,910.08 693,002.86 - - - - 12,083,912.94 117% 99% - - - 自筹资金
沈阳沈北大学城店装修工程 16,377,200.00 17,183,987.06 - (3,544,452.93) - (12,916,566.64) (674,623.49) 48,344.00 105% 100% - - - 自筹资金
秦皇岛东港路店装修工程 9,665,200.00 10,731,280.02 998,860.26 - - - - 11,730,140.28 121% 99% - - - 自筹资金
台州黄岩环城东路店(双品牌)装修工程 18,130,000.00 18,131,632.41 - (4,066,906.50) - (13,898,653.63) (157,344.28) 8,728.00 100% 100% - - - 自筹资金
绵阳科技大楼立交桥店(双品牌)装修工
17,635,100.00 12,344,580.83 5,602,292.73 - - - - 17,946,873.56 102% 95% - - - 自筹资金
程
长治八一广场店(双品牌)装修工程 16,160,000.00 15,355,352.65 2,161,157.82 - - - - 17,516,510.47 108% 99% - - - 自筹资金
成都白果林地铁站店(双品牌)装修工程 23,752,100.00 26,999,353.45 - (5,021,506.17) - (16,924,674.30) (5,053,172.98) - 114% 100% - - - 自筹资金
长春汽贸城店装修工程 18,140,000.00 18,141,782.07 497,771.92 (4,484,786.56) - (14,154,767.43) - - 103% 100% - - - 自筹资金
威海百货大楼店装修工程 14,229,212.00 8,920,878.38 6,841,625.55 - - - - 15,762,503.93 111% 99% - - - 自筹资金
大连联合路店装修工程 13,924,400.00 1,345,014.22 13,218,535.24 - - - - 14,563,549.46 105% 95% - - - 自筹资金
自贡市同兴路店装修工程 14,180,000.00 2,694,211.46 12,486,966.20 - - - - 15,181,177.66 107% 95% - - - 自筹资金
金广沈阳怀远店(双品牌)装修工程 19,761,905.00 6,916,666.20 12,692,515.02 - - - - 19,609,181.22 99% 90% - - - 自筹资金
靖边县人民路店装修工程 17,788,770.00 2,668,352.87 13,511,157.50 - - - - 16,179,510.37 91% 85% - - - 自筹资金
金广临汾解放路店装修工程 14,290,000.00 14,294,930.82 1,326,493.07 - - - - 15,621,423.89 109% 99% - - - 自筹资金
其他在建工程 141,561,939.96 91,849,835.87 (28,200,446.73) (312,000.00) (102,267,560.71) (3,340,668.13) 99,291,100.26
合计 344,373,348.94 516,759,614.37 (68,640,155.99) (312,000.00) (160,162,222.71) (9,225,808.88) 622,792,775.73 - - -
91
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
11、在建工程 - 续
(2) 在建工程减值准备
人民币元
项目 2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日 计提原因
实施新系统，该系
新亚大家乐用友 ERP 系统工程 330,653.50 - - 330,653.50 统已停止开发，无
可使用价值
合计 330,653.50 - - 330,653.50
12、无形资产
人民币元
项目 2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日
一、账面原值合计 332,364,046.29 4,591,531.86 - 336,955,578.15
土地使用权 258,518,949.02 - - 258,518,949.02
长期租约受益权 47,247,974.97 - - 47,247,974.97
其他 26,597,122.30 4,591,531.86 - 31,188,654.16
二、累计摊销合计 74,341,314.52 7,762,716.16 - 82,104,030.68
土地使用权 52,592,493.66 3,141,387.78 - 55,733,881.44
长期租约受益权 8,071,795.62 1,935,799.98 - 10,007,595.60
其他 13,677,025.24 2,685,528.40 - 16,362,553.64
三、无形资产账面净值合计 258,022,731.77 254,851,547.47
土地使用权 205,926,455.36 202,785,067.58
长期租约受益权 39,176,179.35 37,240,379.37
其他 12,920,097.06 14,826,100.52
四、减值准备合计 -
土地使用权 -
长期租约受益权 -
其他 -
五、无形资产账面价值合计 258,022,731.77 - -- 254,851,547.47
土地使用权 205,926,455.36 - - 202,785,067.58
长期租约受益权 39,176,179.35 - - 37,240,379.37
其他 12,920,097.06 - - 14,826,100.52
账面原值本期增加中，因购置而增加人民币 3,741,885.86 元，因在建工程转入而增加人民币 312,000.00 元，
因购买子公司而增加人民币 537,646.00 元。
累计摊销本期增加中，本期计提人民币 7,727,163.35 元，因购买子公司而增加人民币 35,552.81 元。
92
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
13、商誉
人民币元
被投资单位名称或 期末减值
2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日
形成商誉的事项 准备
金广快捷(注2) 40,171,417.85 - - 40,171,417.85 -
时尚之旅(注1、注2) - 51,785,803.21 - 51,785,803.21 -
合计 40,171,417.85 51,785,803.21 - 91,957,221.06 -
注 1：本期新增系本集团于非同一控制下企业合并时尚之旅的合并成本大于合并中取得对方可辨认净资产公
允价值份额的差异(详情参见附注(四)2)。
注 2：本期末，本集团评估了该商誉的可收回金额，商誉的可收回金额按照预计未来现金流量的现值确定。
未来现金流量基于管理层批准的 2013 年至 2018 年的财务预算确定，并采用适当的折现率折现，超过
2018 年的现金流量按照零增长率为基础计算。本集团管理层认为上述假设发生的任何合理变化均不会
导致本集团商誉的账面价值合计超过该商誉的可收回金额，并确定与本集团相关的商誉并未发生减值。
14、长期待摊费用
人民币元
项目 2012 年 12 月 31 日 本期增加额 本期摊销额 其他减少额 2013 年 6 月 30 日
经营租入固定资产改良支出 1,105,904,963.13 133,291,023.82 (51,532,788.25) (4,173,525.29) 1,183,489,673.41
经营租入固定资产装修支出 108,093,581.26 27,649,654.89 (25,286,731.23) (1,472,463.20) 108,984,041.72
其他 21,120,455.22 588,612.62 (43,745.04) (4,164,368.52) 17,500,954.28
合计 1,235,118,999.61 161,529,291.33 (76,863,264.52) (9,810,357.01) 1,309,974,669.41
账面原值本期增加中包括了支付长期待摊费用人民币 31,448.13 元，在建工程完工转入长期待摊费用人民币
160,162,222.71 元，以及因购买子公司而增加人民币 1,335,620.49 元。
其他减少额包括了因报废或处置而减少的长期待摊费用人民币 4,182,817.64 元及因工程竣工结算调整而减少
的长期待摊费用人民币 5,627,539.37 元。
93
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
15、递延所得税资产/递延所得税负债
(1) 未经抵销的递延所得税资产及负债的组成项目
人民币元
2013 年 6 月 30 日 2013 年 6 月 30 日 2012 年 12 月 31 日 2012 年 12 月 31 日
可抵扣或应纳税 递延所得税资产或 可抵扣或应纳税 递延所得税资产或
项目 暂时性差异 负债 暂时性差异 负债
递延所得税资产：
应付职工薪酬 96,449,780.69 24,112,445.17 96,977,480.19 24,244,370.05
预收会员卡及积分的递
78,853,408.28 19,713,352.07 72,569,510.00 18,142,377.50
延收益
经营租赁费用 85,186,315.84 21,296,578.96 76,816,074.52 19,204,018.63
资产减值准备 11,145,168.92 2,786,292.24 10,770,431.33 2,692,607.84
固定资产折旧税会差异 21,849,199.67 5,462,299.92 17,869,090.28 4,467,272.57
可抵扣亏损 31,485,154.10 7,871,288.52 12,065,545.50 3,016,386.38
资本化利息支出的递延
4,038,893.76 1,009,723.44 4,231,891.84 1,057,972.96
所得税
开办费 761,685.36 190,421.34 478,262.16 119,565.54
其他 13,725,355.88 3,431,338.97 12,095,638.00 3,023,909.50
小计 343,494,962.50 85,873,740.63 303,873,923.82 75,968,480.97
递延所得税负债：
计入其他综合收益的可
供出售金融资产公允价 616,740,079.58 154,185,019.88 828,571,848.78 207,142,962.20
值变动
非同一控制下企业合并
中非流动资产公允价值 491,841,673.37 122,960,418.34 39,476,756.28 9,869,189.07
调整
其他 325,838.60 81,459.65 558,580.40 139,645.10
小计 1,108,907,591.55 277,226,897.87 868,607,185.46 217,151,796.37
(2) 递延所得税资产和递延所得税负债互抵明细
人民币元
项目 互抵金额
2013 年 6 月 30 日： 6,620,437.60
2012 年 12 月 31 日： 7,114,489.38
(3) 互抵后的递延所得税资产和递延所得税负债余额列示如下
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
递延所得税资产余额 79,253,303.03 68,853,991.59
递延所得税负债余额 270,606,460.27 210,037,306.99
94
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
15、递延所得税资产/递延所得税负债 - 续
(4)未确认递延所得税资产明细
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
可抵扣亏损 104,995,245.36 94,051,317.67
可抵扣暂时性差异 27,739,129.56 19,056,323.87
合计 132,734,374.92 113,107,641.54
(5)未确认递延所得税资产的可抵扣亏损将于以下年度到期
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
2013 年 14,287,406.88 14,803,542.55
2014 年 13,481,965.45 15,486,975.04
2015 年 7,220,504.81 7,220,504.81
2016 年 18,202,515.62 18,202,515.62
2017 年 32,708,984.02 38,337,779.65
2018 年 19,093,868.58 -
合计 104,995,245.36 94,051,317.67
16、其他非流动资产
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
地下建筑租赁使用费(注) 40,357,450.46 -
合计 40,357,450.46 -
注：地下建筑租赁使用费系时尚之旅地下室租赁使用费，租赁期限为 20 年。
95
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
17、资产减值准备明细
人民币元
本期收购子 本期减少
公司增加额 转回 转销
2012 年 12 月 31 （参见附注
项目 日 （四）2） 本期增加 2013 年 6 月 30 日
一、坏账准备 5,675,757.77 49,796.03 - - 15,176.09 5,710,377.71
二、存货跌价准备 - - - - - -
三、可供出售金融资产减值准备 - - - - - -
四、持有至到期投资减值准备 - - - - - -
五、长期股权投资减值准备 5,000,000.00 - - - - 5,000,000.00
六、投资性房地产减值准备 - - - - - -
七、固定资产减值准备 534,186.87 - - - 379,650.76 154,536.11
八、工程物资减值准备 - - - - -
九、在建工程减值准备 330,653.50 - - - - 330,653.50
十、生产性生物资产减值准备 - - - - - -
其中：成熟生产性生物资产减值
- - - - - -
准备
十一、油气资产减值准备 - - - - - -
十二、无形资产减值准备 - - - - - -
十三、商誉减值准备 - - - - - -
十四、其他 - - - - - -
合计 11,540,598.14 49,796.03 - - 394,826.85 11,195,567.32
18、短期借款
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
信用借款(注) 1,100,000,000.00 -
合计 1,100,000,000.00 -
注：本财务报告期内，本公司从中国工商银行上海市外滩支行获得由锦江国际提供的 6 个月期的人民币委托
借款，借款总额人民币 1,100,000,000 元，借款年利率为 5.04%，借款期限自 2013 年 6 月 24 日至 2013
年 12 月 24 日止。借款到期可办理一次展期，展期期限不超过 6 个月，借款的展期利率按原利率计收。
96
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
19、应付账款
(1) 应付账款明细如下：
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
应付购房款 383,018,352.40 -
应付工程项目款 297,098,829.45 254,232,159.45
应付经营货款 152,112,706.35 146,301,267.77
合计 832,229,888.20 400,533,427.22
(2) 本期应付账款中应付持有公司 5%(含 5%)以上表决权股份的股东单位或关联方的款项情况：
单位名称 2013 年 6 月 30 日 2012 年 12 月 31 日
锦江国际 7,207.20 1,089,600.00
合计 7,207.20 1,089,600.00
(3) 本期末本集团无账龄超过 1 年的大额应付账款。
20、预收款项
(1) 预收款项明细如下：
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
预收会员卡 78,856,859.49 72,272,203.24
预收房款及餐饮定金等 42,229,369.86 45,455,545.27
预收加盟费 23,573,558.57 38,849,323.22
合计 144,659,787.92 156,577,071.73
(2) 本期末本集团预收款项中并无预收持有公司 5%(含 5%)以上表决权股份的股东单位或关联方的款项。
(3) 本期末本集团无账龄超过 1 年的大额预收款项。
97
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
21、应付职工薪酬
人民币元
项目 2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日
一、工资、奖金、津贴
86,618,778.06 233,614,647.77 (234,348,080.75) 85,885,345.08
和补贴
二、职工福利费 - 9,366,606.82 (9,238,185.43) 128,421.39
三、社会保险费 12,273,543.11 50,539,211.24 (48,484,927.44) 14,327,826.91
其中：医疗保险费 2,982,026.30 15,691,518.22 (13,888,905.81) 4,784,638.71
养老保险费 8,759,755.87 30,772,163.65 (30,747,892.59) 8,784,026.93
失业保险费 366,088.33 2,249,726.24 (2,105,844.35) 509,970.22
工伤保险费 99,511.54 817,089.30 (778,081.60) 138,519.24
生育保险费 66,161.07 1,008,713.83 (964,203.09) 110,671.81
四、住房公积金 1,478,106.45 9,770,156.32 (9,732,115.69) 1,516,147.08
五、工会经费和职工教
3,152,592.80 5,229,243.02 (5,651,963.82) 2,729,872.00
育经费
六、辞退福利 16,650,670.65 - (1,316,609.53) 15,334,061.12
七、其他 8,767.82 1,040,151.10 (538,153.64) 510,765.28
合计 120,182,458.89 309,560,016.27 (309,310,036.30) 120,432,438.86
本期增加中，包括了本期计提人民币 306,899,246.20 元及因购买子公司而增加人民币 2,660,770.07 元，详情参
见附注(四)2。
本集团预计除辞退福利将按相关法规和使用计划支付外，其余款项将于未来 12 个月内全部支付和使用完毕。
22、应交税费
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
增值税 (1,956,081.22) (2,145,338.96)
营业税 12,466,748.34 9,841,598.63
企业所得税 44,879,005.92 44,900,192.71
个人所得税 5,138,223.68 11,005,673.39
房产税 5,225,161.74 3,053,662.76
其他 16,976,668.26 13,262,425.67
合计 82,729,726.72 79,918,214.20
23、应付利息
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
分期付息到期还本的长期借款利息 - -
短期借款利息 1,026,423.35 -
合计 1,026,423.35 -
98
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
24、应付股利
人民币元
单位名称 2013 年 6 月 30 日 2012 年 12 月 31 日 超过 1 年未支付原因
应付 A 股股东股利 331,909.03 305,520.26 不适用
上海花木经济发展总公司 1,520,000.00 - 不适用
扬州市双桥农工商总公司 315,000.00 - 不适用
合计 2,166,909.03 305,520.26
25、其他应付款
(1) 其他应付款明细如下：
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
预提重大资产置换及附属交易涉及税金 58,623,448.29 58,623,448.29
预提费用 55,863,386.02 52,142,922.34
预计应付时尚之旅股权转让款(详见附注(四)2) 47,345,057.89 -
定金和押金 11,884,793.76 10,045,857.93
代垫款 3,538,958.62 3,816,793.26
应付金广快捷股权转让款 1,000,000.00 1,000,000.00
其他 28,645,891.02 23,679,606.17
合计 206,901,535.60 149,308,627.99
(2) 本期末其他应付款中应付持有公司 5%(含 5%)以上表决权股份的股东单位或关联方情况如下：
人民币元
单位名称 2013 年 6 月 30 日 2012 年 12 月 31 日
锦江国际 860,000.00 860,000.00
合计 860,000.00 860,000.00
(3) 本期末账龄超过 1 年的大额其他应付款情况的说明
本期末，账龄超过 1 年的的大额其他应付款包括：
①. 本公司预提尚未支付的最终金额尚需待相关税金的申报、核准及清算工作完成后确定的重大资产置
换及附属交易涉及税金人民币 58,623,448.29 元。
②. 旅馆投资应付山西金广投资有限公司出让金广快捷 70%股权价款余额人民币 100 万元，该股权转
让价款余额作为交易保证金将于金广快捷瑕疵物业等事项解除后进行支付。
99
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
26、1 年内到期的非流动负债
(1) 1 年内到期的非流动负债明细如下：
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
1 年内到期的长期应付款 235,692.55 432,496.32
1 年内到期的其他非流动负债 16,000.00 16,000.00
合计 251,692.55 448,496.32
(2) 1 年内到期的长期应付款的情况详见附注(五)27。
(3) 1 年内到期的其他非流动负债详见附注(五)28。
27、长期应付款
(1) 本集团的长期应付款为应付融资租赁款。情况如下：
人民币元
融资租赁 融资租赁 期限 初始金额 年利率 应计利息 期末账面 借款条件
承租方 出租方 (%) 余额
闵行饭店 挪信能源技术
15 年 8,250,000.00 5.94 2,797,667.00 4,360,711.45 融资租赁
(本公司子公司) (上海)有限公司
达华宾馆 挪信能源技术
10 年 4,830,000.00 7.83 1,487,842.25 2,665,518.10 融资租赁
(本公司子公司) (上海)有限公司
合计 13,080,000.00 4,285,509.25 7,026,229.55
(2) 长期应付款中的应付融资租赁款明细
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
外币 人民币 外币 人民币
资产负债表日后第 1 年 - 574,666.67 - 791,500.00
资产负债表日后第 2 年 - 1,033,000.00 - 1,033,000.00
资产负债表日后第 3 年 - 1,033,000.00 - 1,033,000.00
以后年度 - 6,773,595.33 - 6,740,094.00
最低租赁付款额合计 - 9,414,262.00 - 9,597,594.00
未确认融资费用 - 2,388,032.45 - 2,475,590.76
应付融资租赁款 - 7,026,229.55 - 7,122,003.24
其中：1 年内到期的应付融资
- 235,692.55 - 432,496.32
租赁款
1 年后到期的应付融资租赁
- 6,790,537.00 - 6,689,506.92
款
并无由独立第三方为本集团融资租赁提供担保的金额。
100
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
28、其他非流动负债
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
递延收益 6,537,328.62 2,936,400.84
减：一年内到期的其他非流动负债 16,000.00 16,000.00
一年后到期的其他非流动负债 6,521,328.62 2,920,400.84
29、股本
人民币元
本期变动
期初数 期末数
发行新股 送股 公积金转股 其他 小计
2013 年 1 月 1 日至 6 月 30 日：
一、有限售条件股份
1 国家持股 - - - - - - -
2. 国有法人持股 - - - - - - -
3. 其他内资持股 - - - - - - -
4. 外资持股 - - - - - - -
有限售条件股份合计 - - - - - - -
二、无限售条件股份
1. 人民币普通股 447,240,740.00 - - - - - 447,240,740.00
2. 境内上市外资股 156,000,000.00 - - - - - 156,000,000.00
3. 境外上市外资股 - - - - - - -
4. 其他 - - - - - - -
无限售条件股份合计 603,240,740.00 - - - - - 603,240,740.00
三、股份总数 603,240,740.00 - - - - - 603,240,740.00
2012 年 1 月 1 日至 6 月 30 日：
一、有限售条件股份
1 国家持股 - - - - - - -
2. 国有法人持股 - - - - - - -
3. 其他内资持股 - - - - - - -
4. 外资持股 - - - - - - -
有限售条件股份合计 - - - - - - -
二、无限售条件股份
1. 人民币普通股 447,240,740.00 - - - - - 447,240,740.00
2. 境内上市外资股 156,000,000.00 - - - - - 156,000,000.00
3. 境外上市外资股 - - - - - - -
4. 其他 - - - - - - -
无限售条件股份合计 603,240,740.00 - - - - - 603,240,740.00
三、股份总数 603,240,740.00 - - - - - 603,240,740.00
自本公司股权分置改革方案于 2006 年 1 月 23 日实施后，本公司非流通股股份获得上市流通权，根据约
定 1 至 3 年不等的限售期。于 2009 年 1 月 23 日，所有原非流通股股东持有的股份均已实现流通(参见
附注(一))。
101
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
30、资本公积
人民币元
项目 期初数 本期增加 本期减少 期末数
2013 年 1 月 1 日至 6 月 30 日：
资本溢价 1,494,950,907.58 - - 1,494,950,907.58
其中：投资者投入的资本 605,917,945.00 - - 605,917,945.00
同一控制下企业合并形成的差额 1,026,105,852.62 - - 1,026,105,852.62
收购少数股东股权 (137,072,890.04) - - (137,072,890.04)
其他综合收益 624,019,321.85 - (158,873,826.94) 465,145,494.91
其中：可供出售金融资产产生的利得金额 825,492,942.34 - (211,831,769.26) 613,661,173.08
可供出售金融资产产生的所得税影响 (206,373,236.02) - 52,957,942.32 (153,415,293.70)
按照权益法核算的在被投资单位其他综
1,574,076.72 - - 1,574,076.72
合收益中所享有的份额
非同一控制下企业合并产生的资产增值 3,325,538.81 - - 3,325,538.81
其他资本公积-原制度资本公积转入 163,502,812.00 - - 163,502,812.00
合计 2,282,473,041.43 - (158,873,826.94) 2,123,599,214.49
2012 年 1 月 1 日至 6 月 30 日：
资本溢价 1,516,983,652.82 - (22,032,745.24) 1,494,950,907.58
其中：投资者投入的资本 605,917,945.00 - - 605,917,945.00
同一控制下企业合并形成的差额 1,026,105,852.62 - - 1,026,105,852.62
收购少数股东股权 (115,040,144.80) - (22,032,745.24) (137,072,890.04)
其他综合收益 456,596,981.26 140,146,980.72 - 596,743,961.98
其中：可供出售金融资产产生的损失金额 602,408,973.84 186,862,640.98 - 789,271,614.82
可供出售金融资产产生的所得税影响 (150,602,243.89) (46,715,660.26) - (197,317,904.15)
按照权益法核算的在被投资单位其他综
1,464,712.50 - - 1,464,712.50
合收益中所享有的份额
非同一控制下企业合并产生的资产增值 3,325,538.81 - - 3,325,538.81
其他资本公积-原制度资本公积转入 163,502,812.00 - - 163,502,812.00
合计 2,137,083,446.08 140,146,980.72 (22,032,745.24) 2,255,197,681.56
31、盈余公积
人民币元
项目 期初数 本期增加 本期减少 期末数
2013 年 1 月 1 日至 6 月 30 日：
法定盈余公积 301,620,370.00 - - 301,620,370.00
任意盈余公积 180,681,288.50 - - 180,681,288.50
合计 482,301,658.50 - - 482,301,658.50
2012 年 1 月 1 日至 6 月 30 日：
法定盈余公积 301,620,370.00 - - 301,620,370.00
任意盈余公积 180,681,288.50 - - 180,681,288.50
合计 482,301,658.50 - - 482,301,658.50
根据《中华人民共和国公司法》及本公司章程，本公司按年度母公司净利润的 10%提取法定盈余公积金，当
法定盈余公积金累计额达到股本的 50%以上时，可不再提取。法定盈余公积金经批准后可用于弥补亏损，或
者增加股本。任意盈余公积金经批准后可用于弥补以前年度亏损或增加股本。
公司法定盈余公积金累计额为人民币 301,620,370.00 元，已达到本公司股本的 50%。本期内，本公司未计提
盈余公积。
102
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
32、未分配利润
人民币元
项目 金额 提取或分配比例
2013 年 1 月 1 日至 6 月 30 日：
调整前：上年末未分配利润 878,396,483.97
调整：期初未分配利润合计数(调增+，调减-) -
调整后：期初未分配利润 878,396,483.97
加：本期归属于母公司所有者的净利润 168,057,536.12
减：提取法定盈余公积 -
提取任意盈余公积 -
应付普通股股利 223,199,073.80 派发现金股利每股人民币 0.37 元
转作股本的普通股股利 -
期末未分配利润 823,254,946.29
2012 年 1 月 1 日至 6 月 30 日：
调整前：上年末未分配利润 726,406,089.09
调整：期初未分配利润合计数(调增+，调减-) -
调整后：期初未分配利润 726,406,089.09
加：本期归属于母公司所有者的净利润 224,766,986.23
减：提取法定盈余公积 -
提取任意盈余公积 -
应付普通股股利 217,166,666.40 派发现金股利每股人民币 0.36 元
转作股本的普通股股利 -
期末未分配利润 734,006,408.92
(1) 股东大会已批准的现金股利
于 2013 年 5 月 28 日，本公司股东大会批准了本公司 2012 年度利润分配方案，按已发行之股份
603,240,740 股(每股面值人民币 1 元)计算，向全体股东派发现金股利每股人民币 0.37 元。该等现金股
利发放日为 2013 年 6 月 28 日。
(2) 资产负债表日后无利润分配。
103
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
33、少数股东权益
少数股东权益明细如下：
人民币元
少数股东名称 2013 年 6 月 30 日 2012 年 12 月 31 日
1.新亚大家乐少数股东：
天亨中国有限公司 6,476,609.13 7,003,588.08
2.锦江之星少数股东：
上海豫园集团有限公司 8,605,986.30 8,438,306.03
苏州新区狮山资产经营公司 5,362,104.38 5,857,261.66
上海浦东新区合庆绣品服装（集团）有限公司 4,868,981.32 6,947,824.72
沈阳副食品集团 4,500,000.00 -
上海花木经济发展总公司 3,898,994.95 4,628,180.07
扬州市双桥农工商总公司 2,047,329.67 2,177,810.91
上海市闵行区商业建设有限公司 766,560.00 1,198,560.00
3.上海锦江同乐餐饮管理有限公司少数股东：
同乐(中国)控股有限公司 2,660,016.68 2,588,444.02
合计 39,186,582.43 38,839,975.49
34、营业收入、营业成本
(1) 营业收入、营业成本
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
主营业务收入 1,186,953,351.19 1,098,863,563.18
其他业务收入 16,367,591.01 14,111,638.36
营业收入合计 1,203,320,942.20 1,112,975,201.54
主营业务成本 136,126,508.80 127,487,281.01
其他业务成本 4,650,029.56 2,413,818.41
营业成本合计 140,776,538.36 129,901,099.42
(2) 主营业务(分行业)
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
行业名称 主营业务收入 主营业务成本 主营业务收入 主营业务成本
有限服务型酒店营运及管理业务 1,066,983,270.31 79,148,247.56 997,879,631.31 76,340,230.47
食品及餐饮业务 119,970,080.88 56,978,261.24 100,983,931.87 51,147,050.54
合计 1,186,953,351.19 136,126,508.80 1,098,863,563.18 127,487,281.01
104
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
34、营业收入、营业成本 - 续
(3) 其他业务(分行业)
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
行业名称 其他业务收入 其他业务成本 其他业务收入 其他业务成本
租赁业务 13,934,237.58 4,570,623.20 12,460,626.12 2,351,585.69
其他业务 2,433,353.43 79,406.36 1,651,012.24 62,232.72
合计 16,367,591.01 4,650,029.56 14,111,638.36 2,413,818.41
(4) 按照地区划分的营业收入
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
上海地区 540,688,274.65 458,139,235.75
上海以外地区 662,632,667.55 654,835,965.79
合计 1,203,320,942.20 1,112,975,201.54
(5) 有限服务型酒店营运及管理业务营业收入及营业成本
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
行业名称 营业收入 营业成本 营业收入 营业成本
客房 758,029,316.53 - 722,301,884.45 -
餐饮 97,312,334.52 54,776,218.60 104,207,245.89 62,214,417.20
商品销售 16,610,344.38 17,162,209.99 11,240,378.83 9,138,664.44
管理：
首次加盟费 36,301,188.73 - 27,642,647.39 -
加盟管理费 68,366,900.24 - 54,894,350.06 -
订房渠道费(注) 17,407,691.40 - 10,229,692.88 -
其他 20,571,250.45 - 13,345,737.85 -
管理小计: 142,647,030.82 - 106,112,428.18 -
其他：
会员卡 38,240,707.53 - 32,415,114.58 -
租赁 13,825,037.58 4,105,830.96 11,959,903.54 2,002,888.97
其他 15,847,595.07 7,289,225.33 23,253,591.62 5,049,381.55
其他小计: 67,913,340.18 11,395,056.29 67,628,609.74 7,052,270.52
合计 1,082,512,366.43 83,333,484.88 1,011,490,547.09 78,405,352.16
注：系公司通过中央订房系统送达各连锁店的客房预订，按实际住店间夜数和一定标准收取的订房渠道销售
费。
105
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
34、营业收入、营业成本 - 续
(6) 本集团来自前五名客户的营业收入情况
人民币元
占公司全部营业收入
客户名称 营业收入
的比例(%)
上海期货交易所 3,563,784.43 0.30%
上海期交物业管理有限公司张江分公司 3,383,623.96 0.28%
上海威斯汀大饭店 2,731,218.00 0.23%
东方证券股份有限公司 2,311,950.55 0.19%
中国外汇交易中心 2,275,856.94 0.19%
合计 14,266,433.88 1.19%
35、按性质分类的成本与费用
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
商品销售成本 124,450,992.31 110,981,066.57
职工薪酬 306,899,246.20 275,621,174.73
其中：工资和薪金 232,964,225.41 217,825,164.95
社会保险费 48,528,863.53 40,073,617.94
住房公积金 9,770,156.32 7,254,718.34
福利费 9,366,606.82 6,717,132.19
其他费用 6,269,394.12 3,750,541.31
能源及物料消耗 149,843,841.58 142,585,679.68
折旧与摊销 154,737,220.98 155,078,410.46
经营租赁费用 176,104,488.83 146,586,682.80
维修和维护费 13,896,624.15 10,498,015.91
房产税及其他税费附加 6,831,171.12 5,468,300.22
其他 85,948,425.44 81,744,593.05
营业成本、销售费用及管理费用合计 1,018,712,010.61 928,563,923.42
36、营业税金及附加
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目 计缴标准
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
营业税 59,187,152.82 55,425,166.94 应税收入
城市维护建设税 4,117,501.11 3,826,641.92 流转税额
教育费附加 2,992,084.47 2,770,320.56 流转税额
其他 40,067.17 20,123.20 --
合计 66,336,805.57 62,042,252.62
106
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
37、财务费用
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
利息支出 1,331,281.86 837,027.54
减﹕已资本化的利息费用 - -
减﹕利息收入 4,620,367.81 5,049,420.49
汇兑差额 (367,742.27) 453,323.02
减﹕已资本化的汇兑差额 - -
其他 7,047,175.20 8,398,929.29
合计 3,390,346.98 4,639,859.36
38、借款费用
人民币元
项目 本期资本化的借款费用金额 资本化率
存货 - -
生产性生物资产 - -
公益性生物资产 - -
在建工程 - -
无形资产 - -
当期资本化借款费用小计 - -
计入当期损益的借款费用 1,331,281.86 -
当期借款费用合计 1,331,281.86 -
39、资产减值损失
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
一、坏账损失(转回) - -
二、存货跌价损失 - -
三、可供出售金融资产减值损失 - -
四、持有至到期投资减值损失 - -
五、长期股权投资减值损失 - 4,433,011.03
六、投资性房地产减值损失 - -
五、固定资产减值损失 - -
六、在建工程减值损失 - -
七、无形资产减值损失 - -
八、商誉减值损失 - -
合计 - 4,433,011.03
107
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
40、投资收益
(1) 投资收益明细情况
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
成本法核算的长期股权投资收益 51,707,128.31 44,330,748.00
权益法核算的长期股权投资收益 (34,714,083.48) 24,189,520.51
持有可供出售金融资产期间取得的投资收益 23,537,477.76 12,441,238.80
处置可供出售金融资产取得的投资收益 40,068,645.88 77,848,717.74
合计 80,599,168.47 158,810,225.05
(2) 按成本法核算的长期股权投资收益
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至 本期比上期增减
被投资单位
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间 变动的原因
杭州肯德基有限公司 32,136,184.70 28,665,193.14 宣告发放股利有所上升
苏州肯德基有限公司 12,324,839.68 10,203,306.15 宣告发放股利有所上升
无锡肯德基有限公司 5,951,247.33 5,282,248.71 宣告发放股利有所上升
其他 1,294,856.60 180,000.00 --
合计 51,707,128.31 44,330,748.00
(3) 按权益法核算的长期股权投资收益
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至 本期比上期增减
被投资单位
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间 变动的原因
因营业收入下降，故本期
上海肯德基有限公司 (33,216,049.23) 26,969,638.86
亏损
因上期存在关店损失，故
上海吉野家快餐有限公司 (3,305,376.17) (4,304,312.34)
本期亏损减少
上海新亚富丽华餐饮股份有 因营业收入增加，故本期
1,979,569.60 1,498,646.30
限公司 盈利增加
上海静安面包房有限公司 (280,475.82) - --
上海新鹿餐饮发展有限公司 108,248.14 25,547.69 --
合计 (34,714,083.48) 24,189,520.51
本集团投资收益汇回无重大限制。
(4) 持有可供出售金融资产期间取得的投资收益
人民币元
被投资单位名称 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
长江证券股份有限公司(注) 23,126,000.00 12,123,000.10
其他 411,477.76 318,238.70
合计 23,537,477.76 12,441,238.80
注：本期内，长江证券股份有限公司向全体股东每 10 股派发现金红利人民币 2 元；上期长江证券股份有限公
司向全体股东每 10 股派发现金红利人民币 1 元。
108
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
40、投资收益 - 续
(5) 处置可供出售金融资产取得的投资收益
人民币元
可供出售金融资产名称及代码 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
长江证券(000783)(注) 40,068,645.88 70,983,946.28
豫园商城(600655) - 6,864,771.46
合计 40,068,645.88 77,848,717.74
注：本期内，本公司出售长江证券股票共计 5,600,000 股；上期出售长江证券股票共计 9,566,701 股。
41、营业外收入
(1) 营业外收入明细：
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
非流动资产处置利得合计 15,531.44 220,108.73
其中：固定资产处置利得 15,531.44 220,108.73
政府补助 19,046,502.02 9,841,795.52
赔偿收入 220,279.42 11,617.98
其他 2,040,925.56 1,130,301.13
合计 21,323,238.44 11,203,823.36
(2) 政府补助明细：
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
地方经济扶持补贴(注) 19,046,502.02 9,841,795.52
合计 19,046,502.02 9,841,795.52
注：本财务报告期内，地方经济扶持补贴主要包括锦江之星的产业扶持资金以及新亚大家乐的早餐工程扶持
款等。
42、营业外支出
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
非流动资产处置损失合计 208,904.66 3,258,421.16
其中：固定资产处置损失 208,904.66 2,308,759.25
罚没支出 263,235.25 80,673.09
其他 392,340.95 856,261.57
合计 864,480.86 4,195,355.82
109
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
43、所得税费用
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
按税法及相关规定计算的当期所得税 53,819,810.53 60,205,224.45
上期所得税汇算清缴调整 (511,135.72) (1,834,503.40)
递延所得税调整 (7,254,672.78) (4,040,637.82)
合计 46,054,002.03 54,330,083.23
所得税所得税费用与会计利润的调节表如下：
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
会计利润 215,939,705.09 279,114,847.70
按 25%的税率计算的所得税费用 53,984,926.27 69,778,711.93
不可抵扣费用的纳税影响 566,789.98 564,759.39
非应税项目的纳税影响 (13,993,580.07) (21,606,561.00)
未确认可抵扣亏损和可抵扣暂时性差异的纳税
7,127,923.15 7,901,736.37
影响
利用以前年度未确认可抵扣亏损和可抵扣暂时
(1,100,146.35) (441,050.46)
性差异的纳税影响
在其他地区的子公司税率不一致的影响 (20,775.23) (33,009.60)
上期所得税汇算清缴调整 (511,135.72) (1,834,503.40)
所得税费用合计 46,054,002.03 54,330,083.23
110
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
44、少数股东损益
少数股东损益明细如下：
人民币元
少数股东名称 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
1.锦江之星少数股东：
上海花木经济发展总公司 790,814.88 765,076.86
上海市闵行区商业建设有限公司 466,560.00 864,000.00
苏州新区狮山资产经营公司 464,842.72 478,203.94
上海豫园集团有限公司 255,680.27 123,638.49
扬州市双桥农工商总公司 184,518.76 197,868.55
上海浦东新区合庆绣品服装(集团)有限公司 121,156.60 (72,923.53)
2.上海锦江同乐餐饮管理有限公司少数股东：
同乐(中国)控股有限公司 71,572.66 394,731.65
3.新亚大家乐少数股东：
天亨中国有限公司 (526,978.95) (2,738,617.88)
4.其他 - 5,800.16
合计 1,828,166.94 17,778.24
45、每股收益
计算基本每股收益时，归属于普通股股东的当期净利润为：
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
归属于普通股股东的当期净利润 168,057,536.12 224,766,986.23
其中：归属于持续经营的净利润 168,057,536.12 224,766,986.23
归属于终止经营的净利润 - -
计算基本每股收益时，分母为发行在外普通股加权平均数，计算过程如下：
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
期初发行在外的普通股股数 603,240,740.00 603,240,740.00
加：本期发行的普通股加权数 - -
减：本期回购的普通股加权数 - -
期末发行在外的普通股加权数 603,240,740.00 603,240,740.00
111
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
45、每股收益 - 续
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
按归属于母公司股东的净利润计算：
基本每股收益 0.2786 0.3726
稀释每股收益(注) 不适用 不适用
按归属于母公司股东的持续经营净利润计算：
基本每股收益 0.2786 0.3726
稀释每股收益(注) 不适用 不适用
按归属于母公司股东的终止经营净利润计算：
基本每股收益 - -
稀释每股收益 - -
注：本公司并不存在稀释性潜在普通股。
46、其他综合收益(损失)
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
1.可供出售金融资产产生的利得(损失)金额 (211,831,769.26) 186,862,640.98
减：可供出售金融资产产生的所得税影响 (52,957,942.32) 46,715,660.26
前期计入其他综合收益当期转入损益的净额 - -
小计 (158,873,826.94) 140,146,980.72
2.按照权益法核算的在被投资单位其他综合收益中所享有 - -
的份额
减：按照权益法核算的在被投资单位其他综合收益中所享有 - -
的份额产生的所得税影响
前期计入其他综合收益当期转入损益的净额 - -
小计 - -
3.现金流量套期工具产生的利得(或损失)金额 - -
减：现金流量套期工具产生的所得税影响 - -
前期计入其他综合收益当期转入损益的净额 - -
转为被套期项目初始确认金额的调整 - -
小计 - -
4.外币财务报表折算差额 - -
减：处置境外经营当期转入损益的净额 - -
小计 - -
5.非同一控制下企业合并产生的资产增值 - -
减：非同一控制下企业合并产生的资产增值产生的所得税影 - -
响
前期计入其他综合收益当期转入损益的净额 - -
小计 - -
合计 (158,873,826.94) 140,146,980.72
112
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
47、现金流量表项目注释
(1) 收到的其他与经营活动有关的现金
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
政府补助 19,046,502.02 9,841,795.52
利息收入 5,225,513.04 5,768,280.09
其他 3,179,905.85 1,546,742.82
合计 27,451,920.91 17,156,818.43
(2) 支付的其他与经营活动有关的现金
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
租赁费 161,981,260.66 133,721,660.57
支付的银行手续费 7,047,175.20 8,398,929.29
营业费用及管理费用中的其他支付额 56,011,597.43 75,592,093.63
其他 287,833.93 1,390,257.68
合计 225,327,867.22 219,102,941.17
(3) 取得子公司及其他营业单位支付的现金净额
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
收购时尚之旅所支付的现金净额 628,084,937.71 -
合计 628,084,937.71 -
(4) 取得借款收到的现金
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
从锦江国际借入的委托借款 1,100,000,000.00 -
合计 1,100,000,000.00 -
(5) 偿还债务支付的现金
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
时尚之旅偿还借款 675,000,000.00 -
合计 675,000,000.00 -
113
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
48、现金流量表补充资料
(1) 现金流量表补充资料
人民币元
补充资料 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
1．将净利润调节为经营活动现金流量：
净利润 169,885,703.06 224,784,764.47
加：计提的资产减值准备 - 4,433,011.03
固定资产折旧 70,146,793.11 70,414,834.89
无形资产摊销 7,727,163.35 7,050,367.15
长期待摊费用摊销 76,863,264.52 77,613,208.42
处置固定资产、无形资产和其他长期资产的
193,373.22 3,038,312.43
损失(收益以“－”号填列)
财务费用(收益以“－”号填列) 1,331,281.86 837,027.54
投资损失(收益以“－”号填列) (80,599,168.47) (158,810,225.05)
递延所得税资产减少(增加以“－”号填列) (7,191,588.53) (3,506,775.97)
递延所得税负债增加(减少以“－”号填列) (63,084.25) (533,861.85)
存货的减少(增加以“－”号填列) 3,574,343.53 862,338.98
经营性应收项目的减少(增加以“－”号填列) (22,882,639.36) (8,415,703.03)
经营性应付项目的增加(减少以“－”号填列) 69,798,645.83 62,136,544.98
经营活动产生的现金流量净额 288,784,087.87 279,903,843.99
2．不涉及现金收支的重大投资和筹资活动：
以债务购置固定资产 - 22,244,902.10
以债务增加长期股权投资 47,345,057.89 -
3．现金及现金等价物净变动情况：
现金的期末余额 464,475,655.57 585,788,078.84
减：现金的期初余额 751,746,245.14 593,770,377.96
加：现金等价物的期末余额 - -
减：现金等价物的期初余额 - -
现金及现金等价物净增加(减少)额 (287,270,589.57) (7,982,299.12)
(2) 现金和现金等价物的构成
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
一、现金 464,475,655.57 751,746,245.14
其中：库存现金 11,406,502.84 6,215,216.77
可随时用于支付的银行存款 453,069,152.73 745,531,028.37
可随时用于支付的其他货币资金 - -
二、现金等价物 - -
三、期末现金及现金等价物余额 464,475,655.57 751,746,245.14
114
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(五) 合并财务报表项目注释 - 续
49、以公允价值计量的资产和负债
人民币元
项目 2012 年 12 月 31 日 2013 年 6 月 30 日 计入权益的累计公允价值变动
金融资产
可供出售金融资产 1,150,338,438.54 923,806,899.78 (211,831,769.26)
金融负债 - - -
本期末本集团并无外币金融资产和外币金融负债。
115
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(六) 关联方及关联交易
1、本公司的控股公司情况
人民币元
母公司对本 母公司对本 企业
法定代 企业的持股 企业的表决 最终控制
母公司名称 关联关系 企业类型 注册地 表人 业务性质 注册资本 比例(%) 权比例(%) 方 组织机构代码
国有资产经营与管理、企
业投资及管理、酒店、食
品、旅游、车辆服务、物
国有独资 上海市延安 流服务、游乐业配套服
锦江国际 最终控制方 俞敏亮 人民币 200,000 万元 34.98 50.32 - 13220371-2
有限责任公司 东路100号 务、国内贸易、物业管理、
自有办公楼、公寓租赁、
产权经纪及相关项目的
咨询等
上海市浦东
新区杨新东 酒店投资、酒店经营
锦江酒店集团 母公司 股份有限公司 俞敏亮 人民币 556,600 万元 50.32 50.32 锦江国际 132237069
路 24 号 和管理及其他
316-318 室
本企业的母公司情况的说明
锦江酒店集团是一家在中华人民共和国境内由上海新亚(集团)有限公司改制而成的股份有限公司，成立于 1995 年 6 月 6 日，主要从事酒店、食品等业务。
2006 年 12 月 15 日公司股票获准在香港联合交易所有限公司挂牌交易。其母公司及最终控股股东均为锦江国际。
2、本公司的子公司情况
子公司的基本情况及相关信息参见附注(四)1。
3、本集团的合营和联营企业情况
合营企业和联营企业的基本情况及相关信息参见附注(五)9。
116
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
4、本集团的其他关联方情况
关联方名称 与本集团的关系
上海锦江国际酒店(集团)股份有限公司新锦江大酒店 母公司之组成部分
上海锦江国际酒店(集团)股份有限公司新亚大酒店 母公司之组成部分
上海锦江国际酒店(集团)股份有限公司新城饭店 母公司之组成部分
上海锦江饭店有限公司 同一母公司
上海锦江国际饭店有限公司 同一母公司
上海龙柏饭店有限公司 同一母公司
上海锦江金门大酒店有限公司 同一母公司
上海虹桥宾馆有限公司 同一母公司
上海银河宾馆有限公司 同一母公司
上海市上海宾馆有限公司 同一母公司
上海金沙江大酒店有限公司 同一母公司
上海和平饭店有限公司 同一母公司
武汉锦江国际大酒店有限公司 同一母公司
上海海仑宾馆有限公司 同一母公司
上海建国宾馆有限公司 同一母公司
上海白玉兰宾馆有限公司 同一母公司
锦江国际集团财务有限责任公司 同一母公司
上海新亚广场长城酒店有限公司 同一母公司
上海锦江国际酒店物品有限公司 同一母公司
锦江国际酒店管理有限公司 同一母公司
上海锦江国际管理专修学院 同一母公司
上海南华亭酒店有限公司 同一母公司
上海锦江旅游有限公司 同一母公司
上海锦江国际旅游股份有限公司 同一母公司
上海锦江国际实业投资股份有限公司新锦江商旅酒店 同一母公司
上海华亭宾馆有限公司 同一母公司
上海静安面包房有限公司 同一母公司
上海新苑宾馆 母公司之合营公司
上海锦江汤臣大酒店有限公司 母公司之合营公司
上海锦江国际理诺士酒店管理专修学院 母公司之联营公司
上海扬子江大酒店有限公司 母公司之联营公司
(以下将锦江酒店集团同上述公司统称为“锦江酒店集团及其下属企业”)
117
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
4、本集团的其他关联方情况 - 续
关联方名称 与本集团的关系
上海龙申商务服务有限公司 同一最终控制方
上海市食品(集团)有限公司 同一最终控制方
上海新亚(集团)经贸有限公司 同一最终控制方
上海食品集团酒店管理有限公司胶州度假旅馆 同一最终控制方
上海锦江广告装饰公司 同一最终控制方
上海锦江乐园 同一最终控制方
上海市食品集团公司晋元大酒店 同一最终控制方
上海锦江物业管理公司 同一最终控股方
上海庚杰投资管理有限公司 同一最终控制方
香港锦江旅游有限公司 同一最终控制方
上海东锦江大酒店有限公司 同一最终控制方
上海锦江印务有限公司 同一最终控制方
上海五丰上食食品有限公司 同一最终控制方
上海牛羊肉公司 同一最终控制方
上海锦江酒店工程管理有限公司 同一最终控制方
上海锦江国际投资管理有限公司 同一最终控制方
锦江国际商务电子有限公司 同一最终控制方
(以下将锦江国际同上述公司统称为“锦江国际及其下属企业”)
118
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
5、关联交易情况
(1) 购销商品、提供和接受劳务的关联交易
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
关联交易定 2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
关联交易 价方式 占同类交易 占同类交易
关联方 类型 关联交易内容 及决策程序 金额 金额的比例(%) 金额 金额的比例(%)
1.管理费收入
锦江国际及其下属企业 提供劳务 有限服务型酒店管理费收 合同价格 289,401.90 0.30 283,659.30 0.52
入
锦江酒店集团及其下属企业 提供劳务 有限服务型酒店管理费收 合同价格 203,681.48 0.42 251,849.45 0.46
入
小计 493,083.38 0.72 535,508.75 0.98
2.提供客房收入
锦江酒店集团及其下属企业 提供劳务 提供客房收入 合同价格 - - 53,523.00 0.01
锦江国际及其下属企业 提供劳务 提供客房收入 合同价格 - - 43,445.53 0.01
小计 - - 96,968.53 0.02
3.市场统筹费收入
锦江酒店集团及其下属企业 提供劳务 市场统筹收入 合同价格 114,990.07 60.45 122,825.50 61.79
锦江国际及其下属企业 提供劳务 市场统筹收入 合同价格 75,233.54 39.55 75,966.05 38.21
小计 190,223.61 100.00 198,791.55 100.00
4.销售酒店物品及食品收入
锦江酒店集团及其下属企业 销售 有限服务型酒店销售酒店 合同价格 35,274.08 0.46 16,685.99 0.47
物品
锦江国际及其下属企业 销售 有限服务型酒店销售酒店 合同价格 5,016.73 0.06 23,790.82 0.33
物品
小计 40,290.81 0.52 40,476.81 0.80
119
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
5、关联交易情况 - 续
(1) 购销商品、提供和接受劳务的关联交易-续
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
关联交易定价 2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
关联交易 方式及决策程 占同类交易 占同类交易
关联方 类型 关联交易内容 序 金额 金额的比例(%) 金额 金额的比例(%)
5.销售食品收入
锦江酒店集团及其下属企业 销售 销售食品 合同价格 633,886.72 19.56 38,188.03 11.17
锦江国际及其下属企业 销售 销售食品 合同价格 332,062.57 10.25 - -
小计 965,949.29 29.81 38,188.03 11.17
6.咨询服务收入
锦江国际及其下属企业 提供劳务 咨询服务费 合同价格 238,560.00 100.00 - -
小计 238,560.00 100.00 - -
7.采购
锦江酒店集团及其下属企业 采购 采购酒店物品、食品 合同价格 1,401,309.59 0.75 615,936.46 0.37
锦江国际及其下属企业 采购 采购酒店物品、食品 合同价格 64,756.50 0.03 141,906.06 0.09
小计 1,466,066.09 0.78 757,842.52 0.46
8.接受劳务
锦江酒店集团及其下属企业 接受劳务 差旅费 合同价格 680,185.00 7.48 1,012,857.00 11.34
小计 680,185.00 7.48 1,012,857.00 11.34
锦江酒店集团及其下属企业 接受劳务 订房服务费 合同价格 - - 126.00 0.00
小计 - - 126.00 0.00
锦江国际及其下属企业 接受劳务 会员积分服务费用 合同价格 875,441.26 100.00 - -
小计 875,441.26 100.00 - -
120
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
5、关联交易情况 - 续
(2) 关联租赁情况
人民币元
出租方名称 承租方名称 租赁资产情况 租赁起始日 租赁终止日 租赁收益 租赁收益确定依
据
本公司 上海锦江广告装饰公司 广告位 2005 年 05 月 01 日 2015 年 04 月 30 日 425,002.20 合同价格
达华宾馆 上海锦江国际理诺士酒店管理专修学院 办公区域 2013 年 04 月 01 日 2014 年 03 月 31 日 109,000.02 合同价格
小计 534,002.22
人民币元
出租方名称 承租方名称 租赁资产情况 租赁起始日 租赁终止日 租赁支出 租赁支出确定依据
上海庚杰投资管理有限公司 锦江之星 经营区域 2007 年 01 月 01 日 2026 年 12 月 31 日 5,400,000.00 合同价格
上海金沙江大酒店有限公司 本公司 经营区域 2013 年 04 月 01 日 2028 年 03 月 31 日 2,646,000.00 合同价格
上海南华亭酒店有限公司 本公司 经营区域 2013 年 04 月 01 日 2028 年 03 月 31 日 2,142,000.00 合同价格
上海白玉兰宾馆有限公司 本公司 经营区域 2013 年 04 月 01 日 2028 年 03 月 31 日 2,226,000.00 合同价格
上海锦江饭店有限公司 上海锦江同乐餐饮管理有限公司 餐厅 2006 年 06 月 06 日 2016 年 06 月 05 日 1,534,536.00 合同价格
锦江国际 本公司 办公区域 2012 年 07 月 01 日 2013 年 06 月 30 日 698,430.00 合同价格
上海新亚广场长城酒店有限公司 新亚大家乐 恒丰店销售店铺 2007 年 12 月 01 日 2017 年 11 月 30 日 780,685.56 合同价格
锦江国际 本公司 经营区域 2012 年 01 月 01 日 2014 年 12 月 31 日 544,800.00 合同价格
上海东锦江大酒店有限公司 本公司 办公区域 2013 年 02 月 01 日 2014 年 06 月 03 日 299,789.00 合同价格
上海锦江乐园 锦江之星 经营区域 1996 年 07 月 01 日 2016 年 06 月 30 日 289,630.98 合同价格
上海锦江物业管理公司 新亚大家乐 海宁店销售店铺 2012 年 01 月 01 日 2019 年 12 月 31 日 273,719.88 合同价格
武汉锦江国际大酒店有限公司 上海锦江同乐餐饮管理有限公司 餐厅 2006 年 06 月 06 日 2016 年 06 月 05 日 264,320.01 合同价格
上海锦江物业管理公司 本公司 办公区域 2012 年 01 月 01 日 2013 年 12 月 31 日 57,126.00 合同价格
上海锦江饭店有限公司 上海锦江同乐餐饮管理有限公司 员工楼 2006 年 06 月 06 日 2016 年 06 月 05 日 18,000.00 合同价格
小计 17,175,037.43
(3) 关联受托经营情况
委托方名称 受托方名称 受托经营情况 受托起始日 受托终止日 受托经营支出 受托经营支出确定依据
酒店集团 本公司 经营区域 2013 年 04 月 01 日 2028 年 03 月 31 日 7,536,000.00 合同价格
小计 7,536,000.00
121
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
5、关联交易情况 - 续
(4) 关联方资金拆借情况
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间发生额及于 2013 年 6 月 30 日的余额：
人民币元
关联方 拆借金额 起始日 到期日 2013 年 06 月 30 日 说明
拆入
锦江国际(注) 1,100,000,000.00 2013 年 6 月 24 日 2013 年 12 月 24 日 1,100,000,000.00 委托借款
小计 1,100,000,000.00 1,100,000,000.00
注：详见附注(五)18。
2012 年度发生额及于 2012 年 12 月 31 日的余额：
人民币元
关联方 拆借金额 起始日 到期日 2012 年 12 月 31 日 说明
拆入
财务公司 4,500,000.00 2011 年 12 月 19 日 2012 年 12 月 19 日 - 保证借款
小计 4,500,000.00 -
本集团与关联方之间资金拆借产生的利息费用列示如下：
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
利息支出 1,013,600.00 42,804.00
本集团将部分结算资金或闲置资金存入财务公司，期末余额及本期交易额列示如下：
人民币元
财务公司 2013 年 6 月 30 日 2012 年 12 月 31 日
期末存款余额 225,743,692.62 500,432,211.22
人民币元
财务公司 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
本期内累计存入财务公司的存款资金 3,310,813,593.71 4,201,585,883.21
利息收入 4,034,380.08 4,534,169.44
(5) 本期内本集团无关联方资产转让以及债务重组。
(6) 本期内本集团无其他关联交易。
122
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(六) 关联方及关联交易 - 续
6、关联方应收应付款项
人民币元
项目名称 关联方 2013 年 6 月 30 日 2012 年 12 月 31 日
应收账款 锦江国际及其下属企业 686,703.98 294,433.88
应收账款 锦江酒店集团及其下属企业 1,854,913.75 1,458,319.30
小计 2,541,617.73 1,752,753.18
其他应收款 锦江酒店集团及其下属企业 5,358,933.31 526,059.67
小计 5,358,933.31 526,059.67
预付款项 锦江酒店集团及其下属企业 1,431,200.00 2,050,000.00
小计 1,431,200.00 2,050,000.00
应收利息 锦江酒店集团及其下属企业 1,616,326.21 2,169,261.45
小计 1,616,326.21 2,169,261.45
应付账款 锦江国际及其下属企业 4,817,854.82 5,509,600.08
应付账款 锦江酒店集团及其下属企业 366,806.47 104,556.01
小计 5,184,661.29 5,614,156.09
其他应付款 锦江酒店集团及其下属企业 3,011,417.84 1,340,860.68
其他应付款 锦江国际及其下属企业 1,356,544.47 881,264.70
小计 4,367,962.31 2,222,125.38
预收款项 锦江国际及其下属企业 11,440.00 283,332.60
预收款项 锦江酒店集团及其下属企业 - 48,912.70
小计 11,440.00 332,245.30
(七) 承诺事项
1、重大承诺事项
(1) 资本承诺
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
已签约但尚未于财务报表中确认的
-购建长期资产承诺 32,927,157.51 69,769,215.61
-对外投资承诺 1,865,344.00 5,382,305.08
合计 34,792,501.51 75,151,520.69
(2) 经营租赁承诺
至资产负债表日止，本集团对外签订的不可撤销的经营租赁合约情况如下：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
不可撤销经营租赁的最低租赁付款额：
资产负债表日后第 1 年 387,872,873.49 300,228,814.58
资产负债表日后第 2 年 413,529,298.23 324,785,670.63
资产负债表日后第 3 年 407,076,951.89 320,952,404.11
以后年度 3,966,081,675.27 3,037,037,139.32
合计 5,174,560,798.88 3,983,004,028.64
123
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(八) 或有事项
于本期末，本集团并无重大的或有事项。
(九) 资产负债表日后事项
截止本财务报表报出日，本集团并无影响本财务报表报出的重大资产负债表日后事项。
(十) 分部报告
根据本集团的内部组织结构、管理要求及内部报告制度，本集团的本期经营业务划分为 3 个报告分部。
这些报告分部是以公司的业务性质为基础确定的。集团的管理层定期评价这些报告分部的经营成果，以
决定向其分配资源及评价其业绩。
公司董事会于 2013 年 3 月通过相关决议，公司将致于有限服务型酒店业务的发展，这为公司酒店业务的
长远发展打开了更大的空间。公司于本报告期内，将“经济型酒店营运及管理业务分部”变更为“有限
服务型酒店营运及管理业务”。
分部报告信息根据各分部向管理层报告时采用的会计政策及计量标准披露，这些计量基础与编制财务报
表时的会计与计量基础保持一致。
分部间转移价格参照市场价格确定，间接归属于各分部的费用按照收入比例在分部之间进行分配。
124
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十) 分部报告 - 续
1、分部报告信息
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间分部报告信息如下：
人民币元
有限服务型酒店营运
及管理业务（注） 食品及餐饮业务 其他 分部间相互抵减 合计
营业收入
对外交易收入 1,079,279,664.26 123,932,077.94 109,200.00 - 1,203,320,942.20
分部间交易收入 1,660,934.46 2,138,872.02 600,000.00 (4,399,806.48) -
分部营业收入合计 1,080,940,598.72 126,070,949.96 709,200.00 (4,399,806.48) 1,203,320,942.20
营业成本
对外交易成本 81,777,800.33 58,998,738.03 - - 140,776,538.36
分部间交易成本 853,533.08 2,138,872.02 600,000.00 (3,592,405.10) -
分部营业成本合计 82,631,333.41 61,137,610.05 600,000.00 (3,592,405.10) 140,776,538.36
减：营业税金及附加 59,258,966.62 6,908,461.35 169,377.60 - 66,336,805.57
销售费用 579,027,963.52 49,197,452.96 - (972,896.58) 627,252,519.90
管理费用 207,147,423.85 26,285,314.44 16,800,217.48 449,996.58 250,682,952.35
财务费用 7,069,715.38 (358,737.19) (861,587.82) (2,459,043.39) 3,390,346.98
资产减值损失 - - - - -
加:公允价值变动损益 - - - - -
投资收益 144,270.72 15,589,940.09 67,324,001.05 (2,459,043.39) 80,599,168.47
营业利润 145,949,466.66 (1,509,211.56) 51,325,193.79 (284,501.38) 195,480,947.51
营业外收入 20,366,873.97 7,327,868.89 33,136.00 (6,404,640.42) 21,323,238.44
营业外支出 695,522.24 168,958.62 - - 864,480.86
利润总额 165,620,818.39 5,649,698.71 51,358,329.79 (6,689,141.80) 215,939,705.09
所得税 39,951,560.64 682,213.15 5,420,228.24 - 46,054,002.03
净利润 125,669,257.75 4,967,485.56 45,938,101.55 (6,689,141.80) 169,885,703.06
少数股东损益 2,283,573.23 (455,406.29) - - 1,828,166.94
归属于母公司的净利润 123,385,684.52 5,422,891.85 45,938,101.55 (6,689,141.80) 168,057,536.12
125
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十) 分部报告 - 续
1、分部报告信息 - 续
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间分部报告信息如下：- 续
人民币元
有限服务型酒店营运
食品及餐饮业务 合计
及管理业务（注） 其他 分部间相互抵减
资产总额 5,505,169,437.92 168,792,816.37 2,594,459,844.37 (1,422,522,228.83) 6,845,899,869.83
其中：分部资产 5,495,718,087.92 152,828,628.48 2,459,913,170.23 (1,422,522,228.83) 6,685,937,657.80
长期股权投资 9,451,350.00 15,964,187.89 134,546,674.14 - 159,962,212.03
负债总额 2,459,311,889.91 65,383,862.20 1,551,620,607.89 (1,301,999,631.88) 2,774,316,728.12
补充信息：
折旧 66,326,682.49 3,488,806.77 331,303.85 - 70,146,793.11
摊销 82,385,903.81 1,834,584.46 369,939.60 - 84,590,427.87
利息收入 2,206,361.30 529,749.66 1,884,256.85 - 4,620,367.81
利息支出 2,721,483.58 - 1,068,841.67 (2,459,043.39) 1,331,281.86
当期确认的减值损失 - - - - -
采用权益法核算的长期股权投资确 - (34,822,331.62) 108,248.14 - (34,714,083.48)
认的投资收益
采用权益法核算的长期股权投资金 9,000,000.00 15,964,187.89 94,136,779.42 - 119,100,967.31
额
长期股权投资以外的非流动资产 4,842,709,097.73 49,993,906.68 1,123,732,488.13 (130,783,834.93) 5,885,651,657.61
资本性支出 169,997,843.09 5,953,724.02 71,500.00 - 176,023,067.11
其中：在建工程支出 152,018,589.29 4,587,979.60 - - 156,606,568.89
购置固定资产支出 14,405,367.94 1,166,296.29 71,500.00 - 15,643,164.23
购置无形资产支出 3,573,885.86 168,000.00 - - 3,741,885.86
购置长期待摊费用支出 - 31,448.13 - - 31,448.13
注：本期内，经济型酒店营运及管理业务分部更名为有限服务型酒店营运及管理业务分部。
126
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十) 分部报告 - 续
1、分部报告信息 - 续
2012 年 1 月 1 日至 2012 年 6 月 30 日止期间分部报告信息如下：
人民币元
有限服务型酒店营运
及管理业务 食品及餐饮业务 其他 分部间相互抵减 合计
营业收入
对外交易收入 1,011,490,547.09 101,368,054.45 116,600.00 - 1,112,975,201.54
分部间交易收入 297,900.00 - 600,000.00 (897,900.00) -
分部营业收入合计 1,011,788,447.09 101,368,054.45 716,600.00 (897,900.00) 1,112,975,201.54
营业成本
对外交易成本 78,405,352.16 51,495,747.26 - - 129,901,099.42
分部间交易成本 - - 600,000.00 (600,000.00)
分部营业成本合计 78,405,352.16 51,495,747.26 600,000.00 (600,000.00) 129,901,099.42
减：营业税金及附加 56,305,709.94 5,678,248.14 58,294.54 - 62,042,252.62
销售费用 518,600,650.96 53,435,672.59 - (747,896.58) 571,288,426.97
管理费用 207,803,673.21 6,719,684.01 12,782,266.81 68,773.00 227,374,397.03
财务费用 7,996,496.55 (584,651.21) 339,124.85 (3,111,110.83) 4,639,859.36
资产减值损失 - 4,433,011.03 - - 4,433,011.03
加:公允价值变动损益 - - - - -
投资收益 188,179.20 68,314,720.82 93,470,323.83 (3,162,998.80) 158,810,225.05
营业利润 142,864,743.47 48,505,063.45 80,407,237.63 329,335.61 272,106,380.16
营业外收入 8,519,702.28 2,684,121.08 - - 11,203,823.36
营业外支出 2,644,649.09 1,550,706.73 - - 4,195,355.82
利润总额 148,739,796.66 49,638,477.80 80,407,237.63 329,335.61 279,114,847.70
所得税 36,560,287.59 353,235.72 17,416,559.92 - 54,330,083.23
净利润 112,179,509.07 49,285,242.08 62,990,677.71 329,335.61 224,784,764.47
少数股东损益 2,281,486.32 (2,343,886.23) - 80,178.15 17,778.24
归属于母公司的净利润 109,898,022.75 51,629,128.31 62,990,677.71 249,157.46 224,766,986.23
127
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十) 分部报告 - 续
1、分部报告信息 - 续
2012 年 1 月 1 日至 2012 年 6 月 30 日止期间分部报告信息如下：- 续
人民币元
有限服务型酒店营运
食品及餐饮业务 合计
及管理业务 其他 分部间相互抵减
资产总额 3,527,520,182.72 171,935,912.80 2,165,997,826.69 (704,005,007.25) 5,161,448,914.96
其中：分部资产 3,518,068,832.72 155,317,219.93 1,978,274,203.61 (704,005,007.25) 4,947,655,249.01
长期股权投资 9,451,350.00 16,618,692.87 187,723,623.08 - 213,793,665.95
负债总额 1,260,631,600.06 46,981,254.49 317,030,689.04 (574,297,510.79) 1,050,346,032.80
补充信息：
折旧 67,541,304.00 2,536,810.33 336,720.56 - 70,414,834.89
摊销 82,373,911.76 1,957,698.01 331,965.80 - 84,663,575.57
利息收入 3,472,638.19 803,143.03 773,639.27 - 5,049,420.49
利息支出 3,956,675.77 (8,537.40) - (3,111,110.83) 837,027.54
当期确认的减值损失 - 4,433,011.03 - - 4,433,011.03
采用权益法核算的长期股权投资确 - 24,163,972.82 25,547.69 - 24,189,520.51
认的投资收益
采用权益法核算的长期股权投资金 9,000,000.00 15,295,867.50 148,872,953.96 - 173,168,821.46
额
长期股权投资以外的非流动资产 2,923,673,294.96 49,911,092.89 1,275,295,293.30 (143,629,154.22) 4,105,250,526.93
资本性支出 153,923,994.71 10,452,217.82 - - 164,376,212.53
其中：在建工程支出 142,202,062.23 9,788,509.96 - - 151,990,572.19
购置固定资产支出 10,794,283.48 554,320.86 - - 11,348,604.34
购置无形资产支出 927,649.00 - - - 927,649.00
购置长期待摊费用支出 - 109,387.00 - - 109,387.00
2、本集团本期间并无来源于其他国家的对外交易收入和位于其他国家的非流动资产。
3、本集团主要业务为酒店营运管理、食品及餐饮服务等，经营范围广泛，未有对特定客户的依赖。
128
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十一) 金融工具及风险管理
本集团的主要金融工具包括应收款项、应付款项、可供出售金融资产、借款、长期应付款等，各项金融
工具的详细情况说明详见附注(五)。与这些金融工具有关的风险，以及本集团为降低这些风险所采取的
风险管理政策如下所述。本集团管理层对这些风险敞口进行管理和监控以确保将上述风险控制在限定的
范围之内。
1、风险管理目标和政策
本集团从事风险管理的目标是在风险和收益之间取得适当的平衡，将风险对本集团经营业绩的负面影响
降低到最低水平，使股东及其他权益投资者的利益最大化。基于该风险管理目标，本集团风险管理的基
本策略是确定和分析本集团所面临的各种风险，建立适当的风险承受底线和进行风险管理，并及时可靠
地对各种风险进行监督，将风险控制在限定的范围之内。
本集团采用敏感性分析技术分析风险变量的合理、可能变化对当期损益或所有者权益可能产生的影响。
由于任何风险变量很少孤立的发生变化，而变量之间存在的相关性对某一风险变量的变化的最终影响金
额将产生重大作用，因此下述内容是在假设每一变量的变化是独立的情况下进行的。
1.1 市场风险
市场风险是指金融工具的公允价值或未来现金流量因市场价格变动而发生波动的风险，包括外汇风险、
利率风险和其他价格风险。
1.1.1 外汇风险
外汇风险，是指金融工具的公允价值或未来现金流量因外汇汇率变动而发生波动的风险。本集团主要在
中国大陆经营业务，主要业务活动以人民币计价结算，故大部分交易、资产和负债以人民币为单位。于
2013 年 6 月 30 日，本集团的外币余额主要集中在部分货币资金，本集团承受外汇风险主要与美元有关。
本集团密切关注汇率变动对集团外汇风险的影响，但由于外币结算业务非常有限，本集团认为目前的外
汇风险对于集团的经营影响不重大。
1.1.2 利率风险
利率风险，是指金融工具的公允价值或未来现金流量因市场利率变动而发生波动的风险。本集团面临的
利率风险主要来源于货币资金和借款。本集团认为目前的利率风险对于集团的经营影响不重大。
1.1.3 其他价格风险
其他价格风险，是指外汇风险和利率风险以外的市场风险。本集团面临的主要其他价格风险包括可供出
售权益工具的公允价值因证券价值的变化而波动的风险。于 2013 年 6 月 30 日，本集团的可供出售权益
工具详见附注(五)8。该等以公允价值计价的资产的其他价格风险可能对本集团的经营业绩和股东权益产
生影响。本集团密切关注证券价格变动对本集团利率风险的影响。本集团对证券价值风险进行了如下敏
感性分析，本集团认为目前的证券价值风险对于本集团的经营影响重大。
本集团因持有以公允价值计量的金融资产而面临价格风险。于 2013 年 6 月 30 日，在其他变量不变的情
况下，根据证券价值可能发生的合理变动，有关权益工具价格上升(下降)10%，将会导致集团股东权益增
加(减少)人民币 69,285,517.50 元。
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上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十一) 金融工具及风险管理 - 续
1、风险管理目标和政策 - 续
1.2 信用风险
于 2013 年 6 月 30 日，可能引起本集团财务损失的最大信用风险敞口主要来自于合同另一方未能履行义
务而导致本集团金融资产产生的损失以及本集团承担的财务担保，具体包括：
合并资产负债表中已确认的金融资产的账面金额；对于以公允价值计量的金融工具而言，账面价值
反映了其风险敞口，但并非最大风险敞口，其最大风险敞口将随着未来公允价值的变化而改变。
为降低信用风险，本集团控制信用额度、进行信用审批，并执行其他监控程序以确保采取必要的措施回
收过期债权。此外，本集团于每个资产负债表日审核每一单项应收款的回收情况，以确保对无法回收的
款项计提充分的坏账准备。
本集团关注集中信用风险的控制，采取必要措施避免债权过度集中。于 2013 年 6 月 30 日，本集团并未
面临重大信用集中风险。
本集团的流动资金存放在信用评级较高的银行及财务公司，故流动资金的信用风险较低。
1.3 流动风险
流动风险是指企业在履行与金融负债有关的义务时遇到资金短缺的风险。管理流动风险时，本集团保持
管理层认为充分的现金及现金等价物并对其进行监控，以满足本集团经营需要，并降低现金流量波动的
影响。本集团管理层对借款的使用情况进行监控并确保遵守借款协议。
于 2013 年 6 月 30 日，本集团流动负债超过流动资产计人民币 1,690,112,402.04 元(于 2012 年 12 月 31 日：
流动负债低于流动资产计人民币 27,483,992.13 元)，本公司流动负债超过流动资产计人民币 52,647,102.48
元(于 2012 年 12 月 31 日：流动负债低于人民币 605,774,026.15 元)。于本财务报告期内，本公司收购时
尚之旅 100%股权。自中国工商银行上海市外滩支行获得由锦江国际提供的到期日为 2013 年 12 月 24 日
(可展期不超过 6 个月)的人民币借款 1,100,000,000.00 元。本公司还将通过各种可行的融资方式，以维持
本集团的继续经营。于 2013 年 6 月 25 日，本公司 2013 年第一次临时股东大会审议通过了关于发行公司
五年期债券的相关议案，相关申请也于 2013 年 8 月 16 日获得中国证券监督管理委员会审核通过。本公
司的母公司锦江酒店集团同意将提供一切控股股东应给予之财务支援，以确保锦江股份在 2013 年 6 月
30 日后的十二个月内能够清偿到期债务，以维持公司持续经营。基于上述情况，本公司管理层认为，本
公司不存在重大流动性风险。
2、公允价值
金融资产和金融负债的公允价值按照下述方法确定：
具有标准条款及条件并存在活跃市场的金融资产及金融负债的公允价值分别参照相应的活跃市场现行出
价及现行要价确定；其他金融资产及金融负债(不包括衍生工具)的公允价值按照未来现金流量折现法为基
础的通用定价模型确定或采用可观察的现行市场交易价格确认；
本集团所有的金融资产与负债的账面价值均接近其公允价值。
公允价值计量层级
以公允价值进行后续计量的金融资产及金融负债，其公允价值计量中的三个层级分析如下：
第 1 层级：同类资产或负债在活跃市场上(未经调整)的报价；第 2 层级：直接(比如取自价格)或间接(比如
根据价格推算的)可观察到的、除市场报价以外的有关资产或负债的输入值估值；第 3 层级：以可观察到
的市场数据以外的变量为基础确定的资产或负债的输入值(不可观察输入值)。
130
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十一) 金融工具及风险管理 - 续
2、公允价值 - 续
公允价值计量层级 - 续
人民币元
期末数
第 1 层级 第 2 层级 第 3 层级 合计
可供出售金融资产-权益工具 923,806,899.78 - - 923,806,899.78
人民币元
期初数
第 1 层级 第 2 层级 第 3 层级 合计
可供出售金融资产-权益工具 1,150,338,438.54 - - 1,150,338,438.54
(十二) 其他重要事项
本公司于 2013 年 6 月 25 日召开了 2013 年第一次临时股东大会，会议审议并以现场投票和网络投票的表决方
式作出了三项议案，分别为：关于公司符合发行公司债券条件的议案，关于发行公司债券的议案，以及关于
提请公司股东大会授权董事会及董事会转授权人士全权办理本次发行公司债券相关事项的议案。本公司于
2013 年 7 月 29 日将发行债券相关申请材料报送给了中国证券监督管理委员会。于 2013 年 8 月 16 日，有关
公司债的发行申请已得到中国证券监督管理委员会审核通过。
(十三) 母公司财务报表主要项目注释
1、货币资金
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
项目 外币金额 折算率 人民币金额 外币金额 折算率 人民币金额
现金：
人民币 368,308.49 138,945.63
银行存款：
人民币 25,816,729.75 38,242,809.10
美元 78,592.12 6.1787 485,597.13 78,572.26 6.2855 493,865.94
其他金融机构存款
(注)：
人民币 76,392,665.86 199,055,915.54
合计 103,063,301.23 237,931,536.21
注：其他金融机构存款系存于锦江国际集团财务有限责任公司(经批准的非银行金融机构，以下简称“财务公
司”)的款项。
131
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
2、应收账款
(1) 应收账款按种类披露：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
账面余额 坏账准备 账面余额 坏账准备
比例 比例 比例
种类 金额 (%) 金额 (%) 金额 (%) 金额 比例(%)
单项金额重大并单项
计提坏账准备的应收 - - - - - - - -
账款
单项金额虽不重大但
单项计提坏账准备的 7,830,450.77 100.00 46,205.39 0.59 1,725,162.13 100.00 46,205.39 2.68
应收账款
按组合计提坏账准备
的应收账款 - - - - - - - -
合计 7,830,450.77 100.00 46,205.39 0.59 1,725,162.13 100.00 46,205.39 2.68
(2) 应收账款账龄如下：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
比例 比例
账龄 金额 (%) 坏账准备 账面价值 金额 (%) 坏账准备 账面价值
1 年以内 7,784,245.38 99.41 - 7,784,245.38 1,684,032.42 97.62 5,075.68 1,678,956.74
1至2年 5,075.68 0.06 5,075.68 - 21,676.00 1.25 21,676.00 -
2至3年 21,676.00 0.28 21,676.00 - - - - -
3 年以上 19,453.71 0.25 19,453.71 - 19,453.71 1.13 19,453.71 -
合计 7,830,450.77 100.00 46,205.39 7,784,245.38 1,725,162.13 100.00 46,205.39 1,678,956.74
(3) 本期内应收款坏账准备变动如下：
人民币元
项目 2012 年 12 月 31 日 本期计提额 本期转回额 本期转销额 2013 年 6 月 30 日
单项金额虽不重大但单项计提坏账
46,205.39 - - - 46,205.39
准备的应收账款
合计 46,205.39 - - - 46,205.39
(4) 本期末本公司应收账款中持有公司 5%以上(含 5%)表决权股份的股东单位的情况。
2013 年 6 月 30 日 2012 年 12 月 31 日
单位名称 金额 计提坏账金额 金额 计提坏账金额
锦江国际（集团）有 - -
5,000.00 -
限公司
132
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
3、应收股利
人民币元
相关款项
未收回的 是否发生
项目 2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日 原因 减值
账龄一年以内的应收股利
(1)上海肯德基有限公司 - 47,448,678.82 - 47,448,678.82 不适用 否
(2)锦江之星 - 150,000,000.00 (50,000,000.00) 100,000,000.00 不适用 否
(3)杭州肯德基有限公司 - 32,136,184.70 (9,651,714.85) 22,484,469.85 不适用 否
(4)长江证券股份有限公司 - 23,126,000.00 - 23,126,000.00 不适用 否
(5)苏州肯德基有限公司 - 12,324,839.68 - 12,324,839.68 不适用 否
(6)无锡肯德基有限公司 - 5,951,247.33 (2,975,623.60) 2,975,623.73 不适用 否
(7)申银万国证券股份有限公司 - 1,108,856.60 - 1,108,856.60 不适用 否
(8) 上海闵行饭店有限公司 - 2,726,260.70 (2,726,260.70) - 不适用 否
(9)其他 - 453,207.04 (209,902.00) 243,305.04 不适用 否
账龄一年以上的应收股利
(10)上海新亚食品有限公司 145,564.50 - - 145,564.50 不适用 否
合计 145,564.50 275,275,274.87 (65,563,501.15) 209,857,338.22 -- --
4、其他应收款
(1) 其他应收款按种类披露：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
账面余额 坏账准备 账面余额 坏账准备
比例 比例 比例 比例
金额 金额 金额 金额
种类 (%) (%) (%) (%)
单项金额重大并单
项计提坏账准备的 33,414,867.74 4.92 - - - - - -
其他应收款
单项金额虽不重大
但单项计提坏账准 645,690,755.73 95.08 1,651,469.88 0.26 24,161,479.85 100.00 1,651,469.88 6.84
备的其他应收款
按组合计提坏账准
- - - - - - - -
备的其他应收款
合计 679,105,623.47 100.00 1,651,469.88 0.24 24,161,479.85 100.00 1,651,469.88 6.84
(2) 其他应收账款账龄如下：
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
比例
账龄 金额 (%) 坏账准备 账面价值 金额 比例(%) 坏账准备 账面价值
1 年以内 671,871,915.39 98.94 - 671,871,915.39 16,841,497.80 69.71 - 16,841,497.80
1至2年 - - - - 3,692,524.87 15.28 - 3,692,524.87
2至3年 3,684,924.17 0.54 - 3,684,924.17 1,510,627.85 6.25 - 1,510,627.85
3 年以上 3,548,783.91 0.52 1,651,469.88 1,897,314.03 2,116,829.33 8.76 1,651,469.88 465,359.45
合计 679,105,623.47 100.00 1,651,469.88 677,454,153.59 24,161,479.85 100.00 1,651,469.88 22,510,009.97
(3) 本期内其他应收款坏账准备变动如下：
人民币元
项目 2012 年 12 月 31 日 本期计提额 本期转回额 本期核销额 2013 年 6 月 30 日
其他应收款坏账准备 1,651,469.88 - - - 1,651,469.88
(4) 本期其他应收款中无持有公司 5%(含 5%)以上表决权股份的股东单位情况。
133
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
4、其他应收款-续
(5) 其他应收款金额前五名单位情况
人民币元
占其他应收款
单位名称 与本公司关系 金额 年限 总额的比例(%)
时尚之旅(注) 子公司 635,535,000.00 1 年以内 93.81
达华宾馆 子公司 33,414,867.74 1~3 年 4.93
上海饮食服务成套设备公司 子公司 2,766,749.15 1~3 年 0.41
上海商务中心股份有限公司 子公司 900,000.00 1~2 年 0.13
锦江之星 子公司 128,337.90 1 年以内 0.02
合计 672,744,954.79 99.30
注：系本公司根据股权转让协议约定，在本期内划给时尚之旅用于偿还华胜旅业向时尚之旅提供的委托贷款
的款项。
(6) 应收关联方款项
人民币元
占其他应收款
单位名称 与本公司关系 金额 总额的比例(%)
时尚之旅 子公司 635,535,000.00 93.81
达华宾馆 子公司 33,414,867.74 4.93
锦江酒店集团及其下属企业 母公司 4,237,848.82 0.63
上海饮食服务成套设备公司 子公司 2,766,749.15 0.41
锦江之星旅馆有限公司 子公司 593,456.06 0.09
合计 676,547,921.77 99.87
5、存货
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
项目 账面余额 跌价准备 账面价值 账面余额 跌价准备 账面价值
原材料 2,272,632.36 - 2,272,632.36 440,279.07 - 440,279.07
库存商品 620,029.72 - 620,029.72 239,289.47 - 239,289.47
周转材料 41,125.69 - 41,125.69 72,300.57 - 72,300.57
合计 2,933,787.77 - 2,933,787.77 751,869.11 - 751,869.11
6、其他流动资产
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
委托贷款(注) 370,000,000.00 485,000,000.00
待摊费用 353,714.87 305,458.01
合计 370,353,714.87 485,305,458.01
注：系本公司委托财务公司向锦江之星发放的委托贷款。到期日在 2013 年 12 月 21 日至 2014 年 6 月 3 日之
间不等。
134
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
7、长期应收款
人民币元
2013 年 6 月 30 日 2012 年 12 月 31 日
关联方资金拨款(注) 10,328,000.00 10,328,000.00
合计 10,328,000.00 10,328,000.00
注：系应收公司全资子公司上海新亚食品有限公司的流动资金拨款。
8、长期股权投资
(1)长期股权投资分类汇总如下:
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
对子公司投资 3,027,107,303.87 2,289,292,462.57
对联营企业投资 94,136,779.42 172,713,689.73
其他股权投资 44,391,770.77 42,832,545.17
合计 3,165,635,854.06 2,504,838,697.47
减：长期股权投资减值准备 7,051,300.00 7,051,300.00
长期股权投资净额 3,158,584,554.06 2,497,787,397.47
(2) 本期长期股权投资减值准备变动如下：
人民币元
被投资单位 2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日
子公司
上海饮食服务成套设备公司 2,051,300.00 - - 2,051,300.00
小计 2,051,300.00 - - 2,051,300.00
其他股权投资
申银万国证券股份有限公司 5,000,000.00 - - 5,000,000.00
小计 5,000,000.00 - - 5,000,000.00
合计 7,051,300.00 - - 7,051,300.00
135
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
8、长期股权投资 - 续
(3) 对子公司投资明细如下：
人民币元
追加或 在被投资单位持股
2012 年 12 月 31 (减少)投资 在被投资单位 在被投资单位 比例与表决权比例 本期计提
被投资单位 核算方法 初始投资成本 日 (注) 2013 年 6 月 30 日 持股比例(%) 表决权比例(%) 不一致的说明 减值准备 减值准备
子公司
餐饮投资 成本法 149,804,836.13 149,804,836.13 - 149,804,836.13 100 100 不适用 - -
上海锦江国际食品餐饮 不适用 - -
成本法 3,269,783.41 1,800,000.00 1,469,783.41 3,269,783.41 18 100
管理有限公司(注 1)
上海闵行饭店有限公司 不适用 - -
成本法 5,505,600.00 5,505,600.00 - 5,505,600.00 98.25 100
(注 2)
上海饮食服务成套设备 不适用 2,051,300.00 -
成本法 2,051,300.00 2,051,300.00 - 2,051,300.00 100 100
公司
上海新亚食品有限公司 不适用 - -
成本法 1,088,150.00 1,088,150.00 - 1,088,150.00 5 100
(注 2)
锦江之星 成本法 377,261,176.09 377,261,176.09 - 377,261,176.09 100 100 不适用 - -
旅馆投资 成本法 1,733,088,660.71 1,733,088,660.71 - 1,733,088,660.71 100 100 不适用 - -
达华宾馆 成本法 18,692,739.64 18,692,739.64 - 18,692,739.64 100 100 不适用 - -
锦江都城(注 3) 成本法 50,000,000.00 - 50,000,000.00 50,000,000.00 100 100 不适用 - -
时尚之旅(注 4) 成本法 686,345,057.89 - 686,345,057.89 686,345,057.89 100 100 不适用 - -
合计 2,289,292,462.57 737,814,841.30 3,027,107,303.87 2,051,300.00
注 1：原系本公司下属子公司。本公司及餐饮投资对上海锦江国际食品餐饮管理有限公司原持股比例分别为 90%及 10%。本财务报告期内，本公司及餐饮
投资对上海锦江国际食品餐饮管理有限公司分别增资人民币 1,469,783.41 元及 8,163,309.27 元，增资后本公司及餐饮投资对上海锦江国际食品餐饮管
理有限公司持股比例变为 18%及 82%，上海锦江国际食品餐饮管理有限公司成为餐饮投资下属子公司。
注 2：本公司及餐饮投资对上海闵行饭店有限公司持股比例分别为 98.25%及 1.75%。本公司及餐饮投资对上海新亚食品有限公司持股比例分别为 5%及 95%。
注 3：系本期新增子公司。详见附注(四)3(1)。
注 4：系本期通过非同一控制下的企业合并取得的子公司，详见附注(四)2。
136
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
8、长期股权投资 - 续
(4) 对联营公司投资明细如下：
人民币元
本期增减变动 在被 在被投资
投资 在被投 单位持股
追加或 单位 资单位 比例与表
按权益法 宣告分派的 其他权益变 持股 表决权 决权比例 本期计
(减少)
核算 初始投资 调整的净损益 现金股利 动 比例 比例 不一致的 减值 提减值
投资
被投资单位 方法 成本 2012 年 12 月 31 日 2013 年 6 月 30 日 (%) (%) 说明 准备 准备
联营企业
上海肯德基有 - 42 42 不适用 - -
权益法 97,977,250.00 148,976,937.79 - (33,216,049.23) (47,448,678.82) 68,312,209.74
限公司
上海新鹿餐饮 - 25 25 不适用 - -
权益法 2,719,227.00 1,165,297.60 - 108,248.14 - 1,273,545.74
发展有限公司
- -
上海新亚富丽
41 41 不适用
华餐饮股份有 权益法 14,350,000.00 22,571,454.34 - 1,979,569.60 - - 24,551,023.94
限公司
-
小计 172,713,689.73 (31,128,231.49) (47,448,678.82) - 94,136,779.42
137
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
8、长期股权投资 - 续
(5) 其他长期股权投资明细如下：
人民币元
在被投资
单位 本期计提
被投资单位 核算方法 初始投资成本 2012 年 12 月 31 日 本期新增(减少)投资 2013 年 6 月 30 日 持股比例(%) 减值准备 减值准备
其他长期股权投资
杭州肯德基有限公司 成本法 12,265,725.33 12,265,725.33 - 12,265,725.33 8 - -
苏州肯德基有限公司(注 1) 成本法 3,627,002.24 2,067,776.64 1,559,225.60 3,627,002.24 8 - -
无锡肯德基有限公司 成本法 3,761,343.20 3,761,343.20 - 3,761,343.20 8 - -
长江联合发展公司 成本法 700,000.00 700,000.00 - 700,000.00 <1 - -
上海商务中心股份有限公司 成本法 5,187,700.00 5,187,700.00 - 5,187,700.00 3 - -
申银万国证券股份有限公司 成本法 10,000,000.00 10,000,000.00 - 10,000,000.00 <1 5,000,000.00 -
其他(注 2) 成本法 8,850,000.00 8,850,000.00 - 8,850,000.00 <1 - -
合计 42,832,545.17 1,559,225.60 44,391,770.77 5,000,000.00 -
注 1：本报告期内，本公司与苏州肯德基有限公司其他各投资方对苏州肯德基有限公司同比例增资，本公司增资金额为 552,000.00 美元，分两期出资，本报告期内支付第一期出
资额 248,000.00 美元，增资后本公司对苏州肯德基有限公司的持股比例仍为 8%。
注 2：根据本公司于 2006 年 12 月 29 日与广东粤财信托投资有限公司(“受托人”)签署的协议，本公司已预留所持长江证券 5,296,709 股股权，用于实施长江证券员工的股权激
励计划，该股权激励计划应经主管部门批准后方可实施，本公司将该部分预留股权按照原始投资成本列为其他长期股权投资，计人民币 8,850,000.00 元。于 2009 年度，受
托人参与长江证券配股计划，使配股后本公司上述预留股权的股数上升为 6,447,079 股。根据本公司与受托人最终签署并于 2012 年 2 月 6 日生效的《粤财信托长江证券
股权激励计划之股权储备集合财产信托终止合同》(“信托终止合同”)所载，受托人自集合财产信托的全体委托人均与其签署信托终止合同之日起开始信托清算，并自全部信
托财产清算分配完毕之日起终止信托。于本期末，本公司管理层预计，该项长期股权投资的账面成本不高于自该信托财产清算可收回金额。
本期末本公司向投资企业转移资金的能力未受到限制，并无未确认的投资损失。
138
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
9、 固定资产
(1) 固定资产情况
人民币元
项目 2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日
一、账面原值合计： 78,579,949.57 24,407,121.09 (11,830.00) 102,975,240.66
其中：房屋及建筑物 33,483,262.72 15,039,854.60 - 48,523,117.32
机器设备 35,144,278.00 6,135,145.49 (11,830.00) 41,267,593.49
运输工具 1,806,532.61 - - 1,806,532.61
固定资产装修支出 8,145,876.24 3,232,121.00 - 11,377,997.24
二、累计折旧合计： 46,312,509.83 1,832,918.00 (11,238.50) 48,134,189.33
其中：房屋及建筑物 12,755,543.12 502,772.67 - 13,258,315.79
机器设备 25,431,176.42 1,157,080.49 (11,238.50) 26,577,018.41
运输工具 1,536,156.39 22,090.80 - 1,558,247.19
固定资产装修支出 6,589,633.90 150,974.04 - 6,740,607.94
三、固定资产账面净值合计 32,267,439.74 54,841,051.33
其中：房屋及建筑物 20,727,719.60 35,264,801.53
机器设备 9,713,101.58 14,690,575.08
运输工具 270,376.22 248,285.42
固定资产装修支出 1,556,242.34 4,637,389.30
四、减值准备合计 - -
其中：房屋及建筑物 - -
机器设备 - -
运输工具 - -
固定资产装修支出 - -
五、固定资产账面价值合计 32,267,439.74 54,841,051.33
其中：房屋及建筑物 20,727,719.60 35,264,801.53
机器设备 9,713,101.58 14,690,575.08
运输工具 270,376.22 248,285.42
固定资产装修支出 1,556,242.34 4,637,389.30
账面原值本期增加中包括了因购置而增加的固定资产原值人民币 902,263.99 元及因在建工程完工转入而增
加的固定资产人民币原值 23,504,857.10 元。
账面原值本期减少为因处置而减少人民币 11,830.00 元。
累计折旧本期增加为本期计提人民币 1,832,918.00 元。
累计折旧本期减少为因处置而减少人民币 11,238.50 元。
139
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
10、在建工程
(1) 在建工程明细如下：
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
账面余额 减值准备 账面净值 账面余额 减值准备 账面净值
东亚饭店改造工程 - - - 18,795,890.24 - 18,795,890.24
其他装修工程 570,056.25 - 570,056.25 18,802.00 - 18,802.00
合计 570,056.25 - 570,056.25 18,814,692.24 - 18,814,692.24
(2) 重大在建工程项目变动情况
人民币元
项目名称 预算数 2013 年 本期增加 本期转入 本期转入 2013 年 工程投入占 工程进度 利息资 其中：本 本期利 资金来源
1月1日 固定资产 长期待摊费用 6 月 30 日 预算比例(%) 本化累 期利息资 息资本
计金额 本化金额 化率(%)
东亚饭店改造工程 26,162,290.00 18,795,890.24 4,526,166.86 (23,322,057.10) - - 100% 100% - - - 自筹拨款
其他装修工程 - 18,802.00 2,039,623.25 (182,800.00) (1,305,569.00) 570,056.25 - - - - -
合计 26,162,290.00 18,814,692.24 6,565,790.11 (23,504,857.10) (1,305,569.00) 570,056.25 - - - - -
140
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
11、无形资产
人民币元
项目 2012年12月31日 本期增加 本期减少 2013年6月30日
一、账面原值合计 93,782,813.28 - - 93,782,813.28
土地使用权 91,847,425.45 - - 91,847,425.45
其他 1,935,387.83 - - 1,935,387.83
二、累计摊销合计 28,995,724.10 1,334,192.88 - 30,329,916.98
土地使用权 27,762,605.83 1,171,202.88 - 28,933,808.71
其他 1,233,118.27 162,990.00 - 1,396,108.27
三、无形资产账面净值合计 64,787,089.18 63,452,896.30
土地使用权 64,084,819.62 62,913,616.74
其他 702,269.56 539,279.56
四、减值准备合计 - - - -
土地使用权 - - - -
其他 - - - -
五、无形资产账面价值合计 64,787,089.18 63,452,896.30
土地使用权 64,084,819.62 62,913,616.74
其他 702,269.56 539,279.56
累计摊销本期增加为本期计提人民币 1,334,192.88 元。
12、长期待摊费用
人民币元
项目 2012 年 12 月 31 本期增加额 本期摊销额 其他减少额 2013 年 6 月 30 日 其他减少的
日 原因
经营租入固定资产改良支出 2,330,184.63 975,107.00 (599,025.30) - 2,706,266.33 不适用
经营租入固定资产装修支出 8,649,342.95 330,462.00 (1,211,823.25) - 7,767,981.70 不适用
其他 151,732.10 - (25,635.72) - 126,096.38 不适用
合计 11,131,259.68 1,305,569.00 (1,836,484.27) - 10,600,344.41
账面原值本期增加系在建工程完工转入长期待摊费用人民币 1,305,569.00 元。
141
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
13、递延所得税资产/递延所得税负债
递延所得税资产和递延所得税负债以抵销后的净额列示
(1) 未经抵销的递延所得税资产及负债的组成项目
人民币元
2013 年 6 月 30 日可 2013 年 6 月 30 日 2012 年 12 月 31 日 2012 年 12 月 31 日
抵扣或应纳税 递延所得税资产或 可抵扣或应纳税暂 递延所得税资产或
项目 暂时性差异 负债 时性差异 负债
递延所得税资产：
应付职工薪酬 19,784,075.13 4,946,018.78 21,760,282.23 5,440,070.56
可抵扣亏损 - - - -
资产减值准备 6,697,675.27 1,674,418.82 6,697,675.27 1,674,418.82
小计 26,481,750.40 6,620,437.60 28,457,957.50 7,114,489.38
递延所得税负债：
计入其他综合收益的
可供出售金融资产公
允价值变动 614,978,425.34 153,744,606.32 826,245,657.00 206,561,414.24
小计 614,978,425.34 153,744,606.32 826,245,657.00 206,561,414.24
(2) 递延所得税资产和递延所得税负债互抵明细
人民币元
项目 互抵金额
2013 年 6 月 30 日： 6,620,437.60
2012 年 12 月 31 日： 7,114,489.38
(3) 互抵后的递延所得税资产和递延所得税负债余额列示如下
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
递延所得税资产余额 - -
递延所得税负债余额 147,124,168.72 199,446,924.86
142
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
14、资产减值准备明细
人民币元
本期减少
项目 2012 年 12 月 31 日 本期增加 转回 转销 2013 年 6 月 30 日
一、坏账准备 1,697,675.27 142.05 - - 1,697,817.32
二、存货跌价准备 - - - - -
三、可供出售金融资产减值
- - - - -
准备
四、持有至到期投资减值准
- - - - -
备
五、长期股权投资减值准备 7,051,300.00 - - - 7,051,300.00
六、投资性房地产减值准备 - - - - -
七、固定资产减值准备 - - - - -
八、工程物资减值准备 - - - - -
九、在建工程减值准备 - - - - -
十、生产性生物资产减值准
- - - - -
备
其中：成熟生产性生物资产
- - - - -
减值准备
十一、油气资产减值准备 - - - - -
十二、无形资产减值准备 - - - - -
十三、商誉减值准备 - - - - -
十四、其他 - - - - -
合计 8,748,975.27 142.05 - - 8,749,117.32
15、短期借款
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
信用借款(参见(十三)25(5)) 1,163,000,000.00 -
合计 1,163,000,000.00 -
本期内短期借款的加权平均年利率为 5.012%。
16、应付职工薪酬
人民币元
项目 2012 年 12 月 31 日 本期增加 本期减少 2013 年 6 月 30 日
一、工资、奖金、津贴和
3,832,131.91 24,653,095.04 (25,155,321.73) 3,329,905.22
补贴
二、职工福利费 - 2,246,559.40 (2,249,623.98) (3,064.58)
三、社会保险费 70,141.15 7,686,205.51 (7,336,342.71) 420,003.95
社会保险费分项
其中：医疗保险费 18,705.28 2,367,699.57 (2,260,193.07) 126,211.78
养老保险费 45,676.28 4,780,695.47 (4,555,680.27) 270,691.48
失业保险费 5,117.58 301,900.99 (292,258.09) 14,760.48
工伤保险费 404.57 93,245.21 (90,226.81) 3,422.97
生育保险费 237.44 142,664.27 (137,984.47) 4,917.24
四、住房公积金 182,800.00 1,779,430.23 (1,955,583.23) 6,647.00
五、工会经费和职工教育
1,024,538.52 482,592.71 (810,608.81) 696,522.42
经费
六、辞退福利 16,650,670.65 - (1,316,609.53) 15,334,061.12
合计 21,760,282.23 36,847,882.89 (38,824,089.99) 19,784,075.13
本公司预计除辞退福利将按相关法规和使用计划支付外，其余款项将于未来 12 个月内全部支付和使用完毕。
143
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
17、应交税费
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
增值税 (95,388.82) (88,978.25)
营业税 1,763,132.90 356,331.09
企业所得税 7,186,521.11 13,935,343.87
个人所得税 179,151.70 242,515.18
其他 14,849,135.20 11,419,012.89
合计 23,882,552.09 25,864,224.78
18、其他应付款
(1) 其他应付款明细如下：
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
经营周转款 70,510,292.18 203,852.25
预提重大资产置换及附属交易涉及税金 58,623,448.29 58,623,448.29
预计应付时尚之旅股权转让款(详见附注(四)2) 47,345,057.89 -
代垫款 8,142,778.26 6,446,794.24
预提费用 6,744,556.11 6,998,118.78
其他 4,633,674.16 2,570,509.63
合计 195,999,806.89 74,842,723.19
(2) 本期末其他应付款中无应付持有公司 5%(含 5%)以上表决权股份的股东单位或关联方情况
(3) 本期末账龄超过 1 年的大额其他应付款情况的说明
本期末，账龄超过 1 年的的大额其他应付款包括：本公司预提尚未支付的最终金额尚需待相关税金的申
报、核准及清算工作完成后确定的重大资产置换及附属交易涉及税金人民币 58,623,448.29 元。
(4) 本期末，除(3)中所述项目外，本集团大额的其他应付款的说明
本公司应付子公司旅馆投资经营周转款人民币 70,510,292.18 元，参见附注(十三)25(8)。
144
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
19、资本公积
人民币元
项目 期初数 本期增加 本期减少 期末数
2013 年 1 月 1 日至 6 月 30 日：
资本溢价 1,905,547,100.23 - - 1,905,547,100.23
其中：投资者投入的资本 605,917,945.21 - - 605,917,945.21
其他 1,299,629,155.02 - - 1,299,629,155.02
其他综合收益 621,244,319.68 - (158,450,423.74) 462,793,895.94
其中：可供出售金融资产产生的利得金额 826,245,657.00 - (211,267,231.66) 614,978,425.34
可供出售金融资产产生的所得税影响 (206,561,414.26) - 52,816,807.92 (153,744,606.34)
按照权益法核算的在被投资单位其他
1,560,076.94 - - 1,560,076.94
综合收益中所享有的份额
其他资本公积-原制度资本公积转入 138,656,064.50 - - 138,656,064.50
合计 2,665,447,484.41 - (158,450,423.74) 2,506,997,060.67
2012 年 1 月 1 日至 6 月 30 日：
资本溢价 1,905,547,100.23 - - 1,905,547,100.23
其中：投资者投入的资本 605,917,945.21 - - 605,917,945.21
其他 1,299,629,155.02 - - 1,299,629,155.02
其他综合收益(损失) 453,064,557.81 140,471,589.84 - 593,536,147.65
其中：可供出售金融资产产生的收益(损失)
602,151,793.46 187,295,453.14 - 789,447,246.60
金额
可供出售金融资产产生的所得税影响 (150,537,948.37) (46,823,863.30) - (197,361,811.67)
按照权益法核算的在被投资单位其他
1,450,712.72 - - 1,450,712.72
综合收益中所享有的份额
其他资本公积-原制度资本公积转入 138,656,064.50 - - 138,656,064.50
合计 2,497,267,722.54 140,471,589.84 - 2,637,739,312.38
20、营业收入、营业成本
(1) 营业收入、营业成本
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
主营业务收入 69,376,016.93 37,063,660.39
其他业务收入 3,989,465.95 2,306,998.98
营业收入合计 73,365,482.88 39,370,659.37
主营业务成本 11,634,009.67 4,468,281.46
其他业务成本 604,557.24 600,000.00
营业成本合计 12,238,566.91 5,068,281.46
145
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
20、营业收入、营业成本 - 续
(2) 主营业务(分行业)
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
行业名称 营业收入 营业成本 营业收入 营业成本
有限服务型酒店营运
业务
其中：客房 48,292,324.43 - 29,963,845.29 -
餐饮 16,010,590.60 7,605,656.16 4,204,535.30 2,347,251.48
商品销售 4,357,021.35 3,989,696.09 2,364,541.45 2,119,300.98
其他 716,080.55 38,657.42 530,738.35 1,729.00
合计 69,376,016.93 11,634,009.67 37,063,660.39 4,468,281.46
(3) 其他业务(分行业)
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
行业名称 其他业务收入 其他业务成本 其他业务收入 其他业务成本
租赁业务 3,377,199.32 604,557.24 1,767,687.48 600,000.00
其他业务 612,266.63 - 539,311.50 -
合计 3,989,465.95 604,557.24 2,306,998.98 600,000.00
(4) 来自前五名客户的营业收入情况
人民币元
客户名称 营业收入 占公司全部营业
收入的比例(%)
浦发银行客服中心 1,113,628.50 1.61%
同济大学职业技术教育学院 707,569.10 1.02%
华东师范大学 478,917.30 0.69%
外经贸培训中心 414,277.50 0.60%
香港大学 289,780.00 0.42%
合计 3,004,172.40 4.33%
146
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
21、按性质分类的成本与费用
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
商品销售成本 12,238,566.91 5,068,281.46
职工薪酬 36,847,882.89 20,427,566.88
其中：工资和薪金 24,653,095.04 13,691,932.84
社会保险费 7,686,205.51 4,326,513.45
住房公积金 1,779,430.23 772,818.00
福利费 2,246,559.40 1,379,488.80
其他费用 482,592.71 256,813.79
能源及物料消耗 9,363,629.99 4,911,374.25
折旧与摊销 5,003,595.15 5,044,976.20
经营租赁费用 17,718,509.38 2,955,905.60
维修和维护费 1,162,317.80 544,011.01
房产税及其他税费附加 242,740.57 207,301.36
广告费 1,185,714.80 464,098.91
业务招待费 284,753.34 117,539.04
其他 6,803,937.51 5,062,450.09
营业成本、销售费用及管理费用合计 90,851,648.34 44,803,504.80
22、投资收益
(1) 投资收益明细情况
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
权益法核算的长期股权投资收益 (31,128,231.49) 28,493,832.85
成本法核算的长期股权投资收益 204,433,389.01 137,549,403.50
处置长期股权投资产生的投资收益 - -
持有可供出售金融资产期间取得的投资收益 23,393,207.04 12,253,059.60
处置可供出售金融资产取得的投资收益 40,068,645.88 77,848,717.74
其他 2,524,672.29 3,162,998.80
合计 239,291,682.73 259,308,012.49
147
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
22、投资收益 - 续
(2) 按成本法核算的长期股权投资收益
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至 本期比上期增减
被投资单位
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间 变动的原因
锦江之星 150,000,000.00 80,000,000.00 本期宣告发放股利
杭州肯德基有限公司 32,136,184.70 28,665,193.14 宣告发放股利有所增加
苏州肯德基有限公司 12,324,839.68 10,203,306.15 宣告发放股利有所增加
旅馆投资 - 10,000,000.00 本期宣告发放股利
无锡肯德基有限公司 5,951,247.33 5,282,248.71 宣告发放股利有所减少
上海闵行饭店有限公司 2,726,260.70 3,112,091.00 宣告发放股利有所减少
其他 1,294,856.60 286,564.50 ---
合计 204,433,389.01 137,549,403.50
(3) 按权益法核算的长期股权投资收益：
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至 本期比上期增减
被投资单位
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间 变动的原因
上海肯德基有限公司 (33,216,049.23) 26,969,638.86 因营业收入减少，故本期
盈利状况减少
上海新亚富丽华餐饮股份有限 1,979,569.60 1,498,646.30 因营业收入增加，故本期
公司 盈利增加
其他 108,248.14 25,547.69 ---
合计 (31,128,231.49) 28,493,832.85
23、营业外收入
(1) 营业外收入明细：
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
其他 49,483.19 14,031.56
合计 49,483.19 14,031.56
24、现金流量表项目注释
(1) 支付其他与投资活动有关的现金
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
拨款予时尚之旅偿还借款 635,535,000.00 -
合计 635,535,000.00 -
148
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表项目注释 - 续
24、现金流量表项目注释 - 续
(2) 取得借款收到的现金
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
从锦江国际借入的委托借款 1,100,000,000.00 -
从锦江都城借入的委托借款 47,000,000.00 -
从餐饮投资借入的委托借款 11,000,000.00 -
从新亚大家乐借入的委托借款 5,000,000.00 -
合计 1,163,000,000.00 -
25、现金流量表补充资料
人民币元
补充资料 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
1．将净利润调节为经营活动现金流量：
净利润 212,845,147.93 232,512,667.93
加：资产减值准备 - -
固定资产折旧 1,832,918.00 1,865,356.46
无形资产摊销 1,334,192.88 1,318,719.08
长期待摊费用摊销 1,836,484.27 1,860,900.66
处置固定资产、无形资产和其他长期资产的损
- -
失(收益以“－”号填列)
固定资产报废损失(收益以“－”号填列) 591.50 897,399.02
公允价值变动损失(收益以“－”号填列) - -
财务费用(收益以“－”号填列) - -
投资损失(收益以“－”号填列) (239,291,682.73) (259,308,012.49)
递延所得税资产减少(增加以“－”号填列) 494,051.78 4,065,955.30
递延所得税负债增加(减少以“－”号填列) - -
存货的减少(增加以“－”号填列) (2,181,918.66) 529,010.32
经营性应收项目的减少(增加以“－”号填列) (26,140,736.58) (8,034,368.58)
经营性应付项目的增加(减少以“－”号填列) 77,520,657.05 22,545,840.00
经营活动产生的现金流量净额 28,249,705.44 (1,746,532.30)
2．不涉及现金收支的重大投资和筹资活动：
以债务增加长期股权投资 47,345,057.89 -
3．现金及现金等价物净变动情况：
现金的期末数 103,063,301.23 88,309,590.04
减：现金的期初数 237,931,536.21 93,279,799.42
加：现金等价物的期末数 - -
减：现金等价物的期初数 - -
现金及现金等价物净增加(减少)额 (134,868,234.98) (4,970,209.38)
149
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表主要项目注释 - 续
26、关联方及关联交易
(1) 关联方的基本情况及相关信息参见附注(六)
(2) 购销商品、提供和接受劳务的关联交易
人民币元
关联方 关联交易类型 关联交易内容 关联交易 2013 年 1 月 1 日至 2012 年 1 月 1 日至
定价方式 2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
及决策程 金额 占同类交易 金额 占同类交易
序 金额的比例 金额的比例(%)
(%)
上海锦江德尔互动
接受劳务 订房服务费 合同价格 - - 281,432.04 60.84
有限公司
小计 - - 281,432.04 60.84
上海锦江国际酒店
采购 采购酒店物品 合同价格 1,094,325.67 5.71 600,664.84 6.98
物品有限公司
锦江之星 采购 采购物品 合同价格 853,533.08 0.89 96,255.22 1.12
锦江国际食品 采购 采购食品 合同价格 171,392.62 4.45 - -
新亚食品 采购 采购食品 合同价格 6,666.67 0.03 - -
小计 2,125,918.04 11.08 696,920.06 8.10
(3) 关联租赁情况
人民币元
出租方名称 承租方名称 租赁资产 租赁起始日 租赁终止日 租赁收益 租赁收益确
情况 定依据
本公司 新亚大家乐 物流中心 2012 年 02 月 01 日 2022 年 01 月 31 日 600,000.00 合同价格
本公司 上海锦江广告装饰公司 广告位 2005 年 05 月 01 日 2015 年 04 月 30 日 425,000.00 合同价格
共和店销
本公司 新亚大家乐 2012 年 01 月 01 日 2013 年 12 月 31 日 200,000.00 合同价格
售店铺
大方店销
本公司 新亚大家乐 2012 年 01 月 01 日 2022 年 01 月 19 日 97,900.00 合同价格
售店铺
小计 1,322,900.00
人民币元
出租方名称 承租方 租赁资产 租赁起始日 租赁终止日 租赁支出 租赁支出确
名称 情况 定依据
上海金沙江大酒店有限公司 本公司 经营区域 2013 年 04 月 01 日 2028 年 03 月 31 日 2,646,000.00 合同价格
上海白玉兰宾馆有限公司 本公司 经营区域 2013 年 04 月 01 日 2028 年 03 月 31 日 2,226,000.00 合同价格
上海南华亭酒店有限公司 本公司 经营区域 2013 年 04 月 01 日 2028 年 03 月 31 日 2,142,000.00 合同价格
锦江国际 本公司 办公区域 2012 年 07 月 01 日 2013 年 06 月 30 日 698,430.00 合同价格
锦江国际 本公司 经营区域 2013 年 01 月 01 日 2014 年 12 月 31 日 544,800.00 合同价格
上海东锦江大酒店有限公司 本公司 办公区域 2013 年 02 月 01 日 2014 年 06 月 30 日 299,789.00 合同价格
上海锦江物业管理公司 本公司 办公区域 2012 年 01 月 01 日 2013 年 12 月 31 日 57,126.00 合同价格
小计 8,614,145.00
(4) 关联受托经营情况
人民币元
委托方名称 受托方名称 受托经营情况 受托起始日 受托终止日 受托经营支出 受托经营支出确定依据
酒店集团 本公司 经营区域 2013 年 04 月 01 日 2028 年 03 月 31 日 7,536,000.00 合同价格
小计 7,536,000.00
150
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表项目注释 - 续
26、关联方及关联交易 - 续
(5) 关联方资金拆借
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间发生额及于 2013 年 6 月 30 日余额：
人民币元
关联方 拆借金额 起始日 到期日 2013 年 6 月 30 日 说明
拆入
锦江国际 1,100,000,000.00 2013 年 06 月 24 日 2013 年 12 月 24 日 1,100,000,000.00 委托借款
锦江都城 47,000,000.00 2013 年 06 月 24 日 2014 年 06 月 23 日 47,000,000.00 委托借款
餐饮投资 11,000,000.00 2013 年 06 月 24 日 2014 年 06 月 23 日 11,000,000.00 委托借款
新亚大家乐 5,000,000.00 2013 年 06 月 24 日 2014 年 06 月 23 日 5,000,000.00 委托借款
合计 1,163,000,000.00 1,163,000,000.00
注：详见附注(十三)15。
关联方 拆借金额 起始日 到期日 2013 年 6 月 30 日 说明
拆出
锦江之星 100,000,000.00 2012 年 03 月 29 日 2013 年 03 月 29 日 - 委托贷款
锦江之星 300,000,000.00 2012 年 06 月 04 日 2013 年 06 月 04 日 - 委托贷款
锦江之星 70,000,000.00 2012 年 12 月 21 日 2013 年 12 月 21 日 70,000,000.00 委托贷款
锦江之星 100,000,000.00 2013 年 03 月 21 日 2014 年 03 月 20 日 100,000,000.00 委托贷款
锦江之星 200,000,000.00 2013 年 06 月 04 日 2014 年 06 月 03 日 200,000,000.00 委托贷款
合计 770,000,000.00 370,000,000.00
2012 年度发生额及于 2012 年 12 月 31 日余额：
人民币元
关联方 拆借金额 起始日 到期日 2012 年 12 月 31 日 说明
拆出
锦江之星 70,000,000.00 2012 年 12 月 21 日 2013 年 12 月 21 日 70,000,000.00 委托贷款
锦江之星 300,000,000.00 2012 年 06 月 04 日 2013 年 06 月 04 日 300,000,000.00 委托贷款
锦江之星 100,000,000.00 2012 年 03 月 29 日 2013 年 03 月 29 日 100,000,000.00 委托贷款
锦江之星 15,000,000.00 2012 年 03 月 29 日 2013 年 03 月 29 日 15,000,000.00 委托贷款
锦江之星 70,000,000.00 2011 年 12 月 21 日 2012 年 12 月 21 日 - 委托贷款
锦江之星 5,000,000.00 2011 年 12 月 09 日 2012 年 12 月 09 日 - 委托贷款
锦江之星 35,000,000.00 2011 年 12 月 09 日 2012 年 12 月 09 日 - 委托贷款
锦江之星 300,000,000.00 2011 年 06 月 23 日 2012 年 06 月 23 日 - 委托贷款
锦江之星 10,000,000.00 2010 年 09 月 29 日 2012 年 03 月 29 日 - 委托贷款
锦江之星 15,000,000.00 2010 年 09 月 29 日 2012 年 03 月 29 日 - 委托贷款
锦江之星 100,000,000.00 2010 年 09 月 29 日 2012 年 03 月 29 日 - 委托贷款
合计 1,020,000,000.00 485,000,000.00
本期末本公司与关联方之间资金拆借产生的利息费用和利息收入列示如下：
人民币元
项目 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
利息支出 1,068,725.00 -
利息收入 2,037,343.72 1,160,040.42
151
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表项目注释 - 续
26、关联方及关联交易 - 续
(5) 关联方资金拆借– 续
本公司将部分结算资金或闲置资金存入财务公司，期末余额及本期交易额列示如下：
人民币元
财务公司 2013 年 6 月 30 日 2012 年 12 月 31 日
期末存款余额 76,264,677.34 199,055,915.54
人民币元
财务公司 2013 年 1 月 1 日至 2012 年 1 月 1 日至
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
本期内累计存入财务公司的存款资金 715,681,273.52 1,041,713,049.46
利息收入 2,037,343.72 1,160,040.42
(6) 本期内本公司无关联方资产转让和债务重组。
(7) 本期内本公司并无其他关联交易。
(8) 关联方应收应付款
人民币元
项目名称 关联方 2013 年 6 月 30 日 2012 年 12 月 31 日
其他应收款 时尚之旅 635,535,000.00 -
其他应收款 达华宾馆 33,414,867.74 17,774,392.98
其他应收款 锦江酒店集团及其下属企业 4,237,848.82 -
其他应收款 上海饮食服务成套设备公司 2,766,749.15 2,230,777.39
其他应收款 锦江之星 593,456.06 480,497.17
其他应收款小计 676,547,921.77 20,485,667.54
应收利息 财务公司 1,354,527.76 1,264,195.00
应收利息 锦江之星 111,000.00 151,770.00
应收利息小计 1,465,527.76 1,415,965.00
其他流动资产 锦江之星 370,000,000.00 485,000,000.00
其他流动资产小计 370,000,000.00 485,000,000.00
长期应收款 上海新亚食品有限公司 10,328,000.00 10,328,000.00
长期应收款小计 10,328,000.00 10,328,000.00
应付账款 锦江国际及其下属企业 35,354.82 1,089,600.00
应付账款 锦江酒店集团及其下属企业 276,871.10 95,674.06
应付账款小计 312,225.92 1,185,274.06
其他应付款 锦江酒店集团及其下属企业 704,248.65 54,820.00
其他应付款 锦江之星 2,551,491.29 944,538.82
其他应付款 旅馆投资 70,510,292.18 203,852.25
其他应付款 新亚大家乐 15,000.00 15,000.00
其他应付款小计 73,781,032.12 1,218,211.07
预收款项 锦江国际及其下属企业 - 283,332.60
预收款项小计 - 283,332.60
152
上海锦江国际酒店发展股份有限公司
财务报表附注
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
(十三) 母公司财务报表项目注释 - 续
27、现金和现金等价物的构成
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日
一、现金 103,063,301.23 237,931,536.21
其中：库存现金 368,308.49 138,945.63
可随时用于支付的银行存款 102,694,992.74 237,792,590.58
可随时用于支付的其他货币资金 - -
二、现金等价物 - -
三、期末现金及现金等价物余额 103,063,301.23 237,931,536.21
153
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
补充资料
1、非经常性损益明细表
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目 2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
非流动资产处置损失 (193,373.22) (3,038,312.43)
越权审批或无正式批准文件的税收返还、减免 - -
计入当期损益的政府补助(与企业业务密切相关，按照
19,046,502.02 9,841,795.52
国家统一标准定额或定量享受的政府补助除外)
计入当期损益的对非金融企业收取的资金占用费 - -
企业取得子公司、联营企业及合营企业的投资成本小于
取得投资时应享有被投资单位可辨认净资产公允价值 - -
产生的收益
非货币性资产交换损益 - -
委托他人投资或管理资产的损益 - -
因不可抗力因素，如遭受自然灾害而计提的各项资产减
- -
值准备
债务重组损益 - -
企业重组费用，如安置职工的支出、整合费用等 - -
交易价格显失公允的交易产生的超过公允价值部分的
- -
损益
同一控制下企业合并产生的子公司期初至合并日的当
- -
期净损益
与公司正常经营业务无关的或有事项产生的损益 - -
除同公司正常经营业务相关的有效套期保值业务外，持
有交易性金融资产、交易性金融负债产生的公允价值变
40,068,645.88 77,848,717.74
动损益，处置交易性金融资产、交易性金融负债和可供
出售金融资产取得的投资收益
单独进行减值测试的应收款项减值准备转回 - -
对外委托贷款取得的损益 - -
采用公允价值模式进行后续计量的投资性房地产公允
- -
价值变动产生的损益
根据税收、会计等法律、法规的要求对当期损益进行一
- -
次性调整对当期损益的影响
受托经营取得的托管费收入 - -
除上述各项之外的其他营业外收入和支出 1,605,628.78 204,984.45
其他符合非经常性损益定义的损益项目 - -
所得税影响额 (15,152,019.14) (21,234,464.59)
少数股东权益影响额(税后) (1,425,975.10) (233,169.88)
合计 43,949,409.22 63,389,550.81
非经常性损益明细表编制基础
根据中国证券监督管理委员会《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益[2008]》的规定，
非经常性损益是指与公司正常经营业务无直接关系，以及虽与正常经营业务相关，但由于其性质特殊和偶发性，影响
报表使用人对公司经营业绩和盈利能力作出正确判断的各项交易和事项产生的损益。
154
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
补充资料
2、净资产收益率及每股收益
本净资产收益率和每股收益计算表是上海锦江国际酒店发展股份有限公司按照中国证券监督管理委员会颁布的《公开
发行证券公司信息披露编报规则第 09 号-净资产收益率和每股收益的计算及披露》(2010 年修订)的有关规定而编制的。
人民币元
加权平均净资产收益率 每股收益
报告期利润 (%) 基本每股收益 稀释每股收益(注)
归属于公司普通股股东的净利润 3.89 0.2786 -
扣除非经常性损益后归属于公司
2.88 0.2057 -
普通股股东的净利润
注：本公司并不存在稀释性潜在普通股。
155
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
补充资料
3、有限服务型酒店营运及管理业务分部汇总会计报表和客房运营报表
为方便报表使用者阅读并比较本公司有限服务型酒店营运及管理业务分部 2013 年 6 月 30 日与 2012 年 12 月 31 日的
资产负债变动状况、2013 年 1 月 1 日至 2013 年 6 月 30 日止期间和 2012 年 1 月 1 日至 2012 年 6 月 30 日止期间的经
营成果、现金流量情况及有限服务型酒店业务分部的客房运营数据，本公司编制了后附的有限服务型酒店营运及管理
业务分部汇总会计报表和客房运营报表。本有限服务型酒店营运及管理业务分部汇总会计报表并未对有限服务型酒店
营运及管理业务分部与本公司其他业务分部间的交易和往来余额进行抵销。本汇总会计报表和客房运营报表仅供报表
使用者参考。
有限服务型酒店营运及管理业务分部汇总资产负债表
人民币元
项目 2013 年 6 月 30 日 2012 年 12 月 31 日 项目 2013 年 6 月 30 日 2012 年 12 月 31 日
流动资产： 流动负债：
货币资金 332,065,200.41 475,706,821.38 短期借款 370,000,000.00 470,000,000.00
交易性金融资产 - - 交易性金融负债 - -
应收票据 - - 应付票据 - -
应收账款 72,499,449.45 46,041,356.70 应付账款 811,302,319.82 382,288,871.36
预付款项 38,045,222.71 44,056,204.10 预收款项 138,565,317.71 149,961,876.34
应收利息 175,669.18 898,209.71 应付职工薪酬 96,568,123.92 94,520,786.50
应收股利 144,270.72 - 应交税费 58,144,884.22 53,066,393.32
其他应收款 132,100,520.91 50,055,347.29 应付利息 123,333.34 172,333.34
存货 24,632,369.92 16,708,430.58 应付股利 101,835,000.00 -
一年内到期的非流
- - 其他应付款 745,727,061.18 100,958,968.91
动资产
一年内到期的非流动
其他流动资产 55,346,847.79 1,385,146.51 348,952.37 448,496.32
负债
流动资产合计 655,009,551.09 634,851,516.27 其他流动负债 - -
流动负债合计 2,322,614,992.56 1,251,417,726.09
非流动资产： 非流动负债：
可供出售金融资产 3,707,130.24 4,271,667.84 长期借款 - -
持有至到期投资 - - 应付债券 - -
长期应收款 - - 长期应付款 6,693,277.18 6,689,506.92
长期股权投资 9,451,350.00 9,451,350.00 专项应付款 - -
投资性房地产 - - 预计负债 - -
固定资产 2,517,296,189.93 1,100,301,557.66 递延所得税负债 123,482,291.55 10,590,382.13
在建工程 619,482,140.23 343,729,097.43 其他非流动负债 6,521,328.62 2,948,762.64
工程物资 - - 非流动负债合计 136,696,897.35 20,228,651.69
固定资产清理 - - 负债合计 2,459,311,889.91 1,271,646,377.78
生产性生物资产 - - 股东权益：
油气资产 - - 股本 1,794,103,922.55 1,444,103,922.55
无形资产 241,330,184.82 244,439,317.00 资本公积 745,606,944.21 398,742,593.16
开发支出 - - 减：库存股 - -
商誉 40,171,417.85 40,171,417.85 盈余公积 76,162,532.09 75,870,860.16
长期待摊费用 1,299,770,687.30 1,222,661,457.57 未分配利润 283,409,176.48 323,718,958.65
递延所得税资产 78,593,336.00 68,583,112.42 母公司拨款 116,525,016.07 126,507,442.41
归属于有限服务型酒
其他非流动资产 40,357,450.46 - 店业务分部所有者权 3,015,807,591.40 2,368,943,776.93
益合计
非流动资产合计 4,850,159,886.83 3,033,608,977.77 少数股东权益 30,049,956.61 27,870,339.33
股东权益合计 3,045,857,548.01 2,396,814,116.26
资产总计 5,505,169,437.92 3,668,460,494.04 负债和股东权益总计 5,505,169,437.92 3,668,460,494.04
156
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
补充资料
3、有限服务型酒店营运及管理业务分部汇总会计报表和客房运营报表 - 续
有限服务型酒店营运及管理业务分部汇总利润表
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
一、营业总收入 1,080,940,598.72 1,011,788,447.09
自有和租赁酒店 938,293,567.90 905,676,018.91
加盟和管理酒店 142,647,030.82 106,112,428.18
营业收入总额 1,080,940,598.72 1,011,788,447.09
减：营业税金及附加 59,258,966.62 56,305,709.94
营业收入净额 1,021,681,632.10 955,482,737.15
营业成本和费用：
自有和租赁酒店成本:
租金 154,894,049.04 129,203,735.59
能源 75,287,353.97 71,439,097.49
人工成本 206,447,361.18 169,035,050.86
折旧 63,557,218.53 64,859,008.44
摊销 78,800,045.07 79,692,370.42
消耗用品、食品和饮料 57,323,033.42 62,187,922.08
其他 117,681,609.22 106,653,929.28
自有和租赁酒店成本合计 753,990,670.43 683,071,114.16
销售和市场费用 28,662,483.29 22,263,546.13
一般行政管理费用 83,118,221.87 100,708,211.94
开办费 9,627,705.03 6,868,818.39
全部营业成本和费用合计 875,399,080.62 812,911,690.62
二、来自营业的利润 146,282,551.48 142,571,046.53
利息收入 2,206,361.30 3,472,638.19
利息支出 2,721,483.58 3,956,675.77
其他非营业收入 20,548,911.43 9,297,436.80
其他非营业支出 695,522.24 2,644,649.09
三、利润总额 165,620,818.39 148,739,796.66
所得税费用 39,951,560.64 36,560,287.59
四、净利润 125,669,257.75 112,179,509.07
减：少数股东收益 2,283,573.23 2,281,486.32
归属于有限服务型酒店业务分部的净利润 123,385,684.52 109,898,022.75
157
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
补充资料
3、有限服务型酒店营运及管理业务分部汇总会计报表和客房运营报表 - 续
有限服务型酒店营运及管理业务分部汇总现金流量表
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目
2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
一、经营活动产生的现金流量：
销售商品、提供劳务收到的现金 1,052,239,068.45 1,005,165,620.06
收到的税费返还 - -
收到其他与经营活动有关的现金 741,749,312.63 42,057,596.19
经营活动现金流入小计 1,793,988,381.08 1,047,223,216.25
购买商品、接受劳务支付的现金 287,281,426.13 264,547,900.10
支付给职工以及为职工支付的现金 272,068,621.42 232,303,022.20
支付的各项税费 107,204,217.96 117,049,444.10
支付其他与经营活动有关的现金 276,778,003.35 174,761,809.98
经营活动现金流出小计 943,332,268.86 788,662,176.38
经营活动产生的现金流量净额 850,656,112.22 258,561,039.87
二、投资活动产生的现金流量：
收回投资收到的现金 - -
取得投资收益收到的现金 - -
处置固定资产、无形资产和其他长期资产收回的现金
1,338,085.00 498,844.00
净额
处置子公司及其他营业单位收到的现金净额 2,990,256.00 -
取得子公司及其他营业单位收取的现金净额 - -
收到其他与投资活动有关的现金 - -
投资活动现金流入小计 4,328,341.00 498,844.00
购买或处置子公司和其他经营单位支付的现金 - 57,918,775.94
购建固定资产、无形资产和其他长期资产支付的现金 166,431,483.24 134,775,618.22
投资所支付的现金 52,000,000.00 -
支付其他与投资活动有关的现金 - -
投资活动现金流出小计 218,431,483.24 192,694,394.16
投资活动产生的现金流量净额 (214,103,142.24) (192,195,550.16)
三、筹资活动产生的现金流量：
吸收投资收到的现金 54,500,000.00 -
其中：子公司吸收少数股东投资收到的现金 4,500,000.00 -
取得借款收到的现金 300,000,000.00 400,000,000.00
收到其他与筹资活动有关的现金 - -
筹资活动现金流入小计 354,500,000.00 400,000,000.00
偿还债务支付的现金 1,075,000,000.00 455,500,000.00
分配股利、利润或偿付利息支付的现金 59,694,590.95 72,964,399.20
其中：子公司支付给少数股东的股利、利润 4,146,560.00 2,635,000.00
支付其他与筹资活动有关的现金 - -
筹资活动现金流出小计 1,134,694,590.95 528,464,399.20
筹资活动产生的现金流量净额 (780,194,590.95) (128,464,399.20)
四、汇率变动对现金及现金等价物的影响 - -
五、现金及现金等价物净增加(减少)额 (143,641,620.97) (62,098,909.49)
加：期初现金及现金等价物余额 475,706,821.38 502,649,126.00
六、期末现金及现金等价物余额 332,065,200.41 440,550,216.51
158
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
补充资料
3、有限服务型酒店营运及管理业务分部汇总会计报表和客房运营报表-续
有限服务型酒店营运及管理业务分部息税折旧摊销前利润表
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目 2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
归属于有限服务型酒店分部的净利润 123,385,684.52 109,898,022.75
利息收入 2,206,361.30 3,472,638.19
利息费用 2,721,483.58 3,956,675.77
所得税费用 39,951,560.64 36,560,287.59
折旧 66,326,682.49 64,859,008.44
摊销 82,385,903.81 79,692,370.42
息税折旧摊销前的利润(EBITDA) 312,564,953.74 291,493,726.78
息税折旧摊销前的利润占营业收入的比重(%) 28.92 28.81
汇兑损益 - -
开办费 9,627,705.03 6,868,818.39
调整后息税折旧摊销前的利润(EBITDA) 322,192,658.77 298,362,545.17
调整后息税折旧摊销前的利润占营业收入的比重
29.81 29.49
(%)
有限服务型酒店营运及管理业务分部成本费用表
人民币元
2013 年 1 月 1 日至 2012 年 1 月 1 日至
项目 2013 年 6 月 30 日止期间 2012 年 6 月 30 日止期间
金额 占营业收入(%) 金额 占营业收入(%)
营业收入 1,080,940,598.72 100.00 1,011,788,447.09 100.00
营业税金及附加 59,258,966.62 5.48 56,305,709.94 5.56
酒店营业成本 753,990,670.43 69.75 683,071,114.16 67.51
销售和市场费用 28,662,483.29 2.65 22,263,546.13 2.20
一般行政管理费用 83,118,221.87 7.69 100,708,211.94 9.95
预开业费用 9,627,705.03 0.89 6,868,818.39 0.68
全部营业成本和费用 875,399,080.62 80.98 812,911,690.62 80.34
159
上海锦江国际酒店发展股份有限公司
2013 年 1 月 1 日至 2013 年 6 月 30 日止期间
补充资料
3、有限服务型酒店营运及管理业务分部汇总会计报表和客房运营报表 - 续
有限服务型酒店营运及管理业务分部客房运营表(第二季度)
截至 2012 年 截至 2013 年 截至 2013 年
6 月 30 日 3 月 31 日 6 月 30 日
开业酒店数量(家)：
自有和租赁酒店 180 203 229
加盟和管理酒店 426 520 543
全部开业酒店 606 723 772
开业酒店全部客房数量(间)
自有和租赁酒店 25,539 28,006 32,243
加盟和管理酒店 48,918 59,260 61,825
全部开业酒店 74,457 87,266 94,068
全部签约酒店数量(家)
自有和租赁酒店 221 232 264
加盟和管理酒店 613 682 714
全部签约酒店 834 914 978
全部签约酒店客房数量(间)
自有和租赁酒店 30,101 31,719 36,815
加盟和管理酒店 68,542 76,114 79,337
全部签约酒店 98,643 107,833 116,152
2012 年 2013 年 2013 年
4 月至 6 月 1 月至 3 月 4 月至 6 月
客房出租率(%)
自有和租赁酒店 89.30 77.96 85.57
加盟和管理酒店 87.18 76.47 85.06
全部开业酒店 87.92 76.94 85.23
平均房价(人民币元/间)
自有和租赁酒店 186.62 178.11 184.13
加盟和管理酒店 178.40 173.15 176.58
全部开业酒店 181.29 174.73 179.05
可供客房提供的客房收入(人民币元/间)
自有和租赁酒店 166.65 138.85 157.56
加盟和管理酒店 155.53 132.41 150.20
全部开业酒店 159.39 134.44 152.60
160
Shanghai Jin Jiang International Hotels
Development Co., Ltd.
Stock code for A share：600754
Stock code for B share：900934
2013 Mid-year Report
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
Important Notice
I. The Board of Directors and Board of Supervisors of the Company and all its members
and senior management ensure that the information contained in this Report are free from any
false statement, misrepresentation or significant omission and will bear the joint and several
liabilities for the truth, accuracy and completeness of the contents of the Report.
II. The 11th session of 7th Board of Directors of the Company approved the mid-year report
and its summary on 27 August, 2013. All directors attended the board meeting.
III. The financial statements for the period ended 30 June 2013 prepared in accordance with
Accounting Standards for Business Enterprises are reviewed by Deloitte Touche Tohmatsu
CPA LLP. CPA Tang Lianjiong and CPA Ni Min signed and issued an reviewors report with
unqualified opinion for these financial statements (De Shi Bao Yue Zi (13) No.R0029).
IV. Mr. Yu Minliang, Chairman of Board and legal representative of the Company, Mr.
Zhang Xiaoqiang, Chief Executive Officer (“CEO”) of the Company, Mr. Lu Zhenggang,
person in charge of accounting function and executive president of the Company, Ms. Wu Lin
person in charge of accounting department, declare to guarantee the authenticity and integrity
of the financial statements in this Mid-year Report.
V. The Company has no non-operating funds occupied by holding shareholder and its
related parties.
VI. The Company has no guarantees provided violating the stipulated decision-making
process.
VII. The Mid-year Report is published in Chinese and English respectively. Should there be
any inconsistency between the Chinese and English versions, the Chinese version shall
prevail.
2
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
Contents
I. Definition and important Notice..............................................................................4
II. Basic Information of the Company.............................................................................6
III. Financial Highlights....................................................................................................8
IV. Report of the Board of Directors...............................................................................10
V. Significant Events......................................................................................................36
VI. Changes of Share Capital and Particulars of Shareholders.......................................43
VII. Directors, Supervisors, Senior Management and staff..............................................45
VIII. Financial Statements..................................................................................................46
IX. Document for reference.............................................................................................46
Attachment:
1. Report of the Reviewer.........................................................................................................47
2. Financial Statements.............................................................................................................48
3. Notes to the Financial Statements.........................................................................................56
4. Supplementary Information................................................................................................166
3
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
I. Definition and important Notice
(I) Definition
In this report，the words below had the meanings as following except for other requirements.
Commonly used words
Company, the company, Jin
as Shanghai Jin Jiang International Hotels Development Co., Ltd.
Jiang Hotels
Shanghai Jin Jiang International Hotels(Group)Co., Ltd.，the
Jin Jiang Hotels Group as
holding company of the Jin Jiang hotels
Jin Jiang International (Holdings) Co., Ltd. ， the ultimate
Jin Jiang International as holding company of Jin Jiang Hotels and Jin Jiang Hotels
Group
JJ Inn as Jin Jiang Inn Co., Ltd.
Hotels Investment as Shanghai Jin Jiang International Hotels Investment Co., Ltd.
Goldmet Inn as Shanxi Goldmet Inn Management Co., Ltd.
Jin Jiang Metropolo as Shanghai Jin Jiang Metropolo Hotel Management Co., Ltd.
Smartel as Smartel Hotel Management Co., Ltd
Da Hua Hotel as Shanghai Jin Jiang Da Hua Hotel Co., Ltd.
Minhang Hotel as Shanghai Minhang Hotel Co., Ltd.
Shanghai Jin Jiang International Hotels Development Co., Ltd.
East Asia Hotel as
East Asia Hotel
Shanghai Jin Jiang International Hotels Development Co.,
Nan Jing Hotel as
Ltd.Nan Jing Hotel
Catering Investment as Shanghai Jin Jiang International Catering Investment Co., Ltd.
New Asia Food as Shanghai New Asia Food Co., Ltd.
Shanghai Jinjiang International Food & Catering Management
Jinjiang Food as
Co.,Ltd.
Jinzhu Catering as Shanghai Jinzhu Catering Management Co.,Ltd.
New Asia Café de Coral as Shanghai New Asia Café de Coral Co.,Ltd.
Jin Jiang Tung Lok as Shanghai Jin Jiang Tung Lok Catering Management Inc.
Shanghai Yoshinoya as Shanghai Yoshinoya Co.,Ltd.
Shanghai KFC as Shanghai Kentucky Fried Chicken Co., Ltd.
New Asia Fulihua as Shanghai New Asia Fulihua Catering Co., Ltd.
HangzhouKFC as Hangzhou Kentucky Fried Chicken Co., Ltd.
Wuxi KFC as Wuxi Kentucky Fried Chicken Co., Ltd.
Suzhou KFC as Suzhou Kentucky Fried Chicken Co., Ltd.
Jing An Bakery as Shanghai Jing An Bakery Co., Ltd.
Jin Jiang Finance as Jin Jiang International Finance Co., Ltd.
Changjiang Securities as Changjiang Securities Co., Ltd.
Hubei Changxin as Hubei Changxin Investment and Development Limited
4
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
CSRC as China Securities Regulatory Commission
SSE as Shanghai Stock Exchange
SEHK as The Stock Exchange of Hong Kong Ltd.
Shanghai State-Owned Assets Supervision and Administration
SHSAC as
Commission of Shanghai Municipal Government
The average revenue daily from per available room，average
RevPAR as room revenus=average daily romm rate×average occupancy
rate
Articles of Shanghai Jin Jiang International Hotels
Articles of the company as
Development Co., Ltd.
Reporting period, this half
as 01/01/2013-30/06/2013
year
Yuan, '0000Yuan as RMB Yuan、RMB'0000Yuan
5
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
II. Basic Information of the Company
(I) Information of the Company
Chinese legal name 上海锦江国际酒店发展股份有限公司
Abbreviation for Chinese legal name 锦江股份
Shanghai Jin Jiang International Hotels
English name
Development Co., Ltd.
Legal representative Yu Minliang
(II) Contact person and contacts
Secretary to the Company's Board of
Securities Deputy
Directors
Name Hu Min Zhang Jue
25th Floor, No.100 Yan'an Road East, 25th Floor, No.100 Yan'an Road East,
Contact address
Shanghai Shanghai
Telephone: 86-21-63217132 86-21-63217132
Fax: 86-21-63217720 86-21-63217720
E-mail: JJIR@jinjianghotels.com JJIR@jinjianghotels.com
(III) Basic Introduction
B Area, 4th Floor, No.889, North Yang Gao Road,
Registered address Pu Dong New District, Shanghai, People's Republic
of China
Zip code of the registered address 200127
Business address 25th Floor, No.100 Yan'an Road East, Shanghai
Zip code of business address 200002
Internet website address http://www.jinjianghotels.sh.cn
E-mail JJIR@jinjianghotels.com
The Company's registered address has been
changed. Please refer to the announcement of 6th
Reference of changes during report period
session of 7th Board of
Directors on 28 March 2013 for details.
6
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
(IV) Information disclosure and venue for preparation and storage
Name of newspapers for information disclosure Shanghai Securities News, Ta Kung Pao
Internet website address designated by the CSRC
http://www.sse.com.cn
for the publication of the mid-year report
Venue for mid-year report preparation and storage Secretarial Office to the Company's Board of
directors
(V) Brief of the stock
Stock exchange for listing of the Company's
Abbreviation
Stock Type Stock Exchange Abbreviation Stock code
before changed
A share Shanghai Stock Exchange Jinjiang Shares 600754 New Asia Shares
B share Shanghai Stock Exchange Jinjiang B Shares 900934 New Asia B Shares
(VI) Change of registered information during the reporting period
Registered No. of legal person business license 310000400101473 (puc)
7
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
III. Financial Highlights
(I) Principal financial data and financial indexes
(i) Principal financial data
Unit: Yuan Currency: RMB
Flux (%)
Principal financial data 30 June, 2013 30 June, 2012 compared to
previous year
Revenue 1,203,320,942.20 1,112,975,201.54 8.12
Net profit for the year attributed to
shareholders of the Company 168,057,536.12 224,766,986.23 -25.23
Net profit for the year attributed to
shareholders of the Company, 124,108,126.90 161,377,435.42 -23.09
deducting the non-routine profit/loss
Net cash flows from operating
activities 288,784,087.87 279,903,843.99 3.17
Flux (%)
30 June, 2013 30 June, 2012 compared to
previous year
4,032,396,559.28 4,246,411,923.90 -5.04
Ownersequity (shareholders equity)
attributable to shareholders of the 6,845,899,869.83 5,412,172,930.75 26.49
Company
(ii) Principal financial indexes
Flux (%) compared
Principal financial indexes 30 June, 2013 30 June, 2012
to previous year
Basic earnings per share ( Yuan/share ) 0.2786 0.3726 -25.23
Diluted earnings per share ( Yuan/share ) N/A N/A N/A
Basic earnings per share after deducting
the non-routine profit/loss ( Yuan/share ) 0.2057 0.2675 -23.09
Weighted average of return on net assets Decreased by 1.51
(%) 3.89 5.40 percentage point
Weighted average of return on net assets
Decreased by 1.00
after deducting the non-routine 2.88 3.88 percentage point
profit/loss (%)
8
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
(II) Extraordinary gain and losses
Unit: Yuan Currency: RMB
Item Amount Note (if applicable)
Profit or loss on disposals of non-current
assets -193,373.22
Government grants recognised in profit and
loss for the current year (except government Government grants Jin Jiang Inn
grants that is highly business related and 19,046,502.02 and New Asia Café de Coral
determined based on a fixed scale according
to the national unified standard) obtained.
Investment income from changes in fair
value of held-for-trading financial assets
and liabilities and disposals of financial
Gain from disposal of Changjiang
assets, liabilities and available-for-sale 40,068,645.88 Securiteis.
financial assets except effective hedging
transactions related to the Group's normal
business
Other non-operating net income 1,605,628.78
Net profit attributable to minority interest -1,425,975.10
The income tax accrued for the
Tax effect of non-recurring profit or loss -15,152,019.14 sale of Changjiang Securities and
government grants obtained.
Total 43,949,409.22
9
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
IV. Reports of the Board of Directors
(I) Management Discussion and Analysis
In the first half year of 2013, the global economic downturns led the deceleration in economy growth
of China, with the growth of domestic accommodation and catering by 4.7% compared with the same
period of previous year. On 10 January 2013, Yum! Brands apologized to customers for the chicken
troubles. On 31 March 2013, the Chinese National Health and Family Planning Commission notified
of confirmed human cases of influenza A (H7N9). Facing the complicated and changeable business
environment, the Company insisted in implementing development, revolution and integration strategy,
and enhancing operation management, which led to a completion of the main operation goal of the
first half year.
According to the development strategy of devoting to limited service hotels approved by the board of
directors of the Company, several significant contracts or agreements have been signed and come into
operation.
On 29 March 2013, the Company signed the entrusted operation contract with Jin Jiang Hotels Group,
and signed rental contracts with Shanghai Hua Ting Guest House Co., Ltd., Jinshajiang Hotel Co.,
Ltd., and Shanghai BaiYulan Hotel Co., Ltd., the subsidiaries of Jin Jiang Hotels Group. From 1 April
2013, the Company was entrusted to operate Shanghai Jin Jiang International Hotels (Group) Co., Ltd.
New Asia Hotel and Shanghai Jin Jiang International Hotels (Group) Co., Ltd. Metro Hotel, and began
to rent the properties of Hua Ting Guest House, Jinshagjiang Hotel and Bai Yulan Hotel. The five
hotels have 1,276 rooms in total. From April to June in 2013, the five hotels achieved operating
revenue 35.43 million, and Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)
-9.26 million. The Company is engaged in formulating schemes of integrating the five hotels in
accordance with the relevant approval of the board of directors of the Company.
On 14 June 2013, The company signed "equity transfer of Smartel hotel management Co., Ltd." with
China Wallink Holding Group Co., Ltd. ("China Wallink") and Tianjin Huasheng Tourism equity
investment partnership ("Huasheng Tourism"). On 17 June 2013, business license of enterprise legal
person of Smartel Hotel which had completed the industrial and commercial registration of changes
was licensed by Beijing Administration for Industry and Commerce. As at the end of reporting period,
Smartel Hotel held 16 hotels in operation in total with 2,382 rooms and 5 hotels constructed in
progress with 728 rooms. The Company is engaged in formulating schemes of integrating the Smartel
and its 21 hotels in accordance with the relevant approval of the board of directors of the Company.
On 14 June 2013, the Company (as a borrower), signed an "ordinary entrusted loan contract" with Jin
Jiang International (as a principal) and the bund branch of ICBC (as an agent). According to the
contract, the Company obtained a 6-month loan provided by Jin Jiang International through the bund
branch of ICBC. The total amount of the loan is RMB 1,100,000,000, the interest rate is 5.04%, and
10
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
the period is from 24 June 2013 to 24 December 2013. The loan mainly supports the operation of the
limited service hotels of the Company.
During the reporting period, the significant fluctuation of financial data and analysis are as follows:
In the first half year of 2013, the Company achieved combined operating revenue amounting to RMB
1.203 billion, increasing 8.12% as compared with the same period of previous year, meanwhile
operating profit amounting to RMB 215.94 million, and increasing 22.63% as compared with the same
period of previous year. The Company achieved net profit attributable to shareholders of the Company
amounting to RMB 168.06 million, decreasing 25.23% as compared with the same period of previous
year. The increase of combined operating revenue was mainly caused by the maintenance of the
revenue growth of the limited service hotels and group meal business. The decrease of operating profit
and net profit was mainly caused by three factors: a. operating profit of limited service hotels
increasing RMB 13.49 million as compared with the same period of previous year; b. operating
revenue of KFC in the first half year decreasing by 27.39% and leading to investment loss RMB 33.21
million during the reporting period (investment income RMB 26.97 million the same period of
previous year) because of chicken problems and H7N9; c. before tax gain on disposal of
available-for-sale financial assets and cash dividends being RMB 63.61 million in total, decreasing
RMB 26.68 million as compared with the same period of previous year.
In the first half year of 2013, the Company achieved net cash flows from operating activities RMB
288.78 million, increasing by 3.17% as compared with the same period of previous year, which was
mainly because of the growth of the operating revenue of the limited service hotels and group meal
business.
As at 30 June 2013, the Company has total assets RMB 6.846 billion, increasing by 26.49% as
compared with the end of previous year, and has total liabilities RMB 2.774 billion, increasing by
146.19% as compared with the end of previous year. Meanwhile the net assets attributable to
shareholders of the Company amount to RMB 4.032 billion, decreasing by 5.04% as compared with
the end of previous year.
The increase of the total assets was mainly resulted from including Smartel in the scope of
consolidated financial statements as at 30 June 2013. At the end of the reporting period, Smartel has
total assets RMB 1.389 billion. The increase of the total liabilities was mainly resulted from an
entrusted loan amounting RMB 1.1 billion provided by Jin Jiang International. The decrease of net
assets attributable to shareholders of the Company was mainly resulted from the payment of cash
dividends according to the profit distribution plan last year, and the decline in fair value of investment
available for sale like Changjiang Securities etc.
11
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
Business of limited service hotels operation
In the first half year of 2013, limited service hotels operation brought operating revenue amounting to
RMB 1.079 billion, increasing by 6.70% as compared with the same period of previous year;
Operating profit amounting to RMB 145.95 million, increasing by 2.16% as compared with the same
period of previous year; net profit belonging to the segement of economy hotels amounting to RMB
123.39 million, increasing by 12.27% as compared with the same period of previous year. Income
from initial franchising fee amounting to RMB 36.30 million, increasing by 31.33% as compared with
the same period of previous year; ongoing franchising fee amounting to RMB 68.37 million,
increasing by 24.56% as compared with the same period of previous year; Reservation channel fee
amounting to RMB 17.41 million, increasing by 70.19% compared with the same period of previous
year.
(i) Information of limited service hotels
In the first half year of 2013, 82 limited service hotels were newly opened in net, 37 among which
are directly-managed inns by the Company, and the remaining 45 inns are franchise inns. Of all
the newly opened hotels, 52 are Jin Jiang Inn Brand, 4 are Bestay Hotels Express Brand, 5 are
Goldmet Inn Brand, and 1 is Magnotel brand. At the same time 20 hotels in progress of
integration (as acquiring by means of purchase, rental and entrusted operation and in need of
brand transfer, the same below) have been involved.
As at 30 June 2013, 772 limited service hotels have been opened, including 229 directly-managed
inns by the Company and 543 franchise inns. Directly-managed inns accounted for 29.66% of
total opened hotels and franchise inns accounted for 70.34%. The opened limited service hotels
have 94,068 rooms, including 32,243 rooms from directly-managed inns and 61,825 rooms from
franchise inns.The rooms of directly-managed inns and franchise inns accounted for 34.28% and
65.72% of total rooms of the opened inns.
As at 30 June 2012, of all the opened 772 hotels, there are 653 Jin Jiang Inn, 67 Bestay Hotels
Express, 25 Goldmet Express Hotel, 7 Magnotel brand hotels and 20 hotels in progress of
integration .
In the first half of 2013, 78 economy hotels were newly contracted in net, 35 among which are
directly-managed inns by the Company and the remaining 43 inns are franchise inns.
As at 30 June 2013, 978 economy hotels have been contracted with total 116,152 rooms,
including 254 directly-managed inns with 36,815 rooms and 714 franchise inns with 79,337
rooms. The contracted directly-managed inns accounted for 26.99% of total contracted hotels and
franchise inns accounted for 73.01%. The rooms of directly-managed inns accounted for 31.70%
of total rooms of contracted hotels and rooms of franchise inns accounted for 68.30%.
12
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
As at 30 June 2013, of all the contracted 978 economy hotels, there are 817 Jin Jiang Inn, 79
Bestay Hotels Express, 45 Jinguang Express Hotels ,10 Magnotel brand hotels and 27 brand
integration Hotels.
As at 30 June 2013, the network of economy hotels including Jin Jiang Inn and other brands by
the Company has covered more than 237 cities in 31 provinces.
The location and the total number of economy hotels and rooms as at 30 June 2013 are set as
below:
Province Operated Hotels Contracted Hotels
(autonom
Directly-managed Franchise Directly-managed Franchise
ous
regions Number Number Number Number Number Number Number Number
or of hotels of rooms of hotels of rooms of hotels of rooms of hotels of rooms
municipa
lities)
Beijing 7 1,178 40 4,897 7 1,178 46 5,452
Tianjin 8 1,225 7 738 9 1,355 12 1,264
HeBei 3 465 19 2,283 5 673 33 3,751
Shanxi 15 1,890 15 1,858 18 2,196 17 2,057
Inner
Mongolia
1 128 10 1,388 1 128 19 2,424
Liaoning 12 1,852 22 2,456 17 2,476 32 3,465
Jilin 7 1,011 5 565 7 1,011 10 1,019
Heilongjiang 1 128 8 890 1 128 9 1,009
Shanghai 39 5,956 61 7,107 43 6,469 74 8,237
Jiangsu 34 4,125 105 11,617 36 4,408 126 13,686
Zhejiang 21 2,702 34 3,608 23 2,994 48 4,893
Anhui 6 852 14 1,429 7 998 19 1,936
Fujian 7 934 16 1,895 9 1,224 25 2,945
Jiangxi 5 700 9 1,068 5 700 13 1,464
Shandong 8 1,046 69 7,222 9 1,206 82 8,611
Henan 4 755 25 3,061 5 889 35 4,175
Hubei 11 1,863 14 1,564 11 1,863 17 1,855
Hunan 5 737 3 415 6 877 4 506
Guangdong 11 1,608 18 2,088 12 1,710 24 2,777
Guangxi 2 387 2 151 3 498 3 281
Hainan 1 283 2 239 1 283 5 603
13
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
Chongqing 2 257 - - 2 257 - -
Sichuan 5 736 7 763 10 1,348 11 1,132
Guizhou - - 6 595 - - 8 832
Yunnan 2 249 2 203 3 455 6 547
Tibet 1 69 - - 1 69 - -
Shanxi 4 477 20 2,681 6 792 24 3,206
Gansu 2 163 3 342 2 163 3 342
Qinghai 3 196 2 239 3 196 2 239
Ningxia 1 173 3 250 1 173 4 350
Xinjiang 1 98 2 213 1 98 3 279
Total 229 32,243 543 61,825 264 36,815 714 79,337
Note 1: Contracted hotels include opened hotels and hotels under construction.
2: Economy hotels include Jin Jiang Inn, Bestay Hotels Express, Jinguang Express Hotel,
Magnotel brand hotels and etc. and brand integration Hotels.
3: The subsidiaries and branches of the Company, East Asia Hotel, Nanjing Hotel, Minhang
Hotel, and Da Hua Hotel, has been included.
(ii) Information of opened limited service hotels
In the first half of 2013, all opened hotels (including directly-managed inns by the Company and
franchised inns) brought room revenue amounting to RMB 2.262 billion, increasing RMB 31.635
million and 16.26%.
In the second quarter of 2013, average occupancy rate of all opened economy hotels was 85.23%,
decreasing 2.69 percentage as compared with the same period of previous year, average room rate
was RMB 179.05, decreasing 1.24 percentage as compared with the same period of previous year,
RevPAR (Revenue per Available Room) was RMB 152.60, decreasing 4.26 percentage as
compared with the same period of previous year.
Operation information of operated economy hotels in second quarter from 2009 to 2013 is set as
below:
2nd quarter 2nd quarter 2nd quarter 2nd quarter 2nd quarter
of 2009 of 2010 of 2011 of 2012 of 2013
Average
82.78 89.92 89.03 87.92 85.23
occupancy rate (%)
Average Room
174.44 186.50 177.83 181.29 179.05
Rate (RMB/room)
14
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
RevPAR 144.40 167.70 158.32 159.39 152.60
In the first half of 2013, average occupancy rate of all opened economy hotels was 81.20%,
decreasing 2.58 percentage as compared with the same period of previous year, average room rate
was RMB 177.06, increasing 1.89 percentage as compared with the same period of previous year,
RevPAR (Revenue per Available Room) was RMB 143.77, decreasing 4.05 percentage as
compared with the same period of previous year.
Operation information of operated economy hotels in the first half from 2009 to 2013 is set as
below:
2009/6/30 2010/6/30 2011/6/30 2012/6/30 2013/6/30
Number of
operated hotels 284 369 485 606 772
Number of Rooms 38,323 49,023 61,504 74,457 94,068
1st half of 1st half of 1st half of 1st half of 1st half of
2009 2010 2011 2012 2013
Average
occupancy rate (%) 79.19 84.06 84.48 83.78 81.20
Average Room
Rate (RMB/room) 171.89 179.67 175.54 178.86 177.06
RevPAR 136.12 151.03 148.30 149.84 143.77
Note 1: "Average occupancy rate" includes rooms rent by days.
2: RevPAR means Revenue per Available Room and the following the same.
Comparison of "RevPAR" per brand of all opened economy hotels between the first half of 2013
and 2012 is set as below：
Average room Price Average occupancy RevPAR (RMB)
(RMB) rate(%)
First half First half First half First half First half First half Flux
of 2013 of 2012 of 2013 of 2012 of 2013 of 2012 (%)
Jin Jiang Inns
180.18 181.94 82.04 84.25 147.82 153.29 -3.57
Bestay Hotel Express 106.28 107.94 77.50 75.13 82.37 81.09 1.58
Jinguang Express 174.14 184.51 72.19 88.83 125.71 163.91 -23.31
Magnotel brand hotels 233.09 213.47 64.17 66.58 149.57 142.13 5.23
Total brand 176.70 178.86 81.35 83.78 143.75 149.84 -4.06
Brand integration 279.19 - 53.42 - 149.14 - -
Total economy hotels 177.06 178.86 81.20 83.78 143.77 149.84 -4.05
15
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
As at 30 June 2013, there have been 543 inns opened for more than 18 months accounted for
70.34% and 229 inns opened less than 18 months accounted for 29.66% of all the 772 opened
economy hotels.
The details of opened economy hotels by 30 June 2013 are set as below:
Number of Open for Open for less Average Period of
Operated more than 18 than 18 number lease or
hotels months months of rooms per franchising
hotel
Leased and
229 168 61 141 15 years
operated hotels
Franchised and
543 374 169 114 8 years
managed hotels
Total 772 542 230 122
Operation information of the all economy hotels opened as at 30 June 2013, along with both
opened for more than 18 months and less than 18 months is set as below:
All hotels Open for more Open for less
opened than 18 months than 18 months
Occupancy Rate (%): 81.20 84.22 70.97
Including: Leased and operated hotels 81.95 84.89 62.90
Franchised and managed hotels 80.85 83.84 72.84
Average Room Rate (RMB/Room) 177.06 180.10 164.82
Including: Leased and operated hotels 181.41 183.81 160.36
Franchised and managed hotels 174.99 177.99 165.71
RevPAR(RMB/Room) 143.77 151.68 116.97
Including: Leased and operated hotels 148.67 156.04 100.87
Franchised and managed hotels 141.48 149.23 120.70
In the third quarter of 2013, economy hotels operation would be forecasted to bring operating
revenue amounting to RMB 652 million. From January to September of 2013, economy hotels
operation would be forecasted to bring operating revenue amounting to RMB 1,731.28 million to
1,799.28 million. Due to the uncertainty in the process of operation, the forecasted data would be
different from the final data from the report, thus the forecast was only for reference.
16
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
Business of Food and Restaurants
In the first half of 2013, business of food and restaurants brought colligated operating revenue
amounting to RMB 123.93 million, increasing 22.26% as compared with the same period of
previous year which was mainly due to the increasing of team catering revenue. In addition，the
revenue of joint venture like New Asia Café de Coral，Jin Jiang Tung Lok etc. and associate
company like Shanghai Kentucky Fried Chicken, Shanghai Yoshinoya etc. decreasing different
degrees as compared with the same period of previous year which was mainly due to the
influence of food safety and human cases of influenza A (H7N9). The net profit belongs to the
food and catering business amounting to RMB 51.63 million, decreasing 89.50% as compared
with the same period of previous year which was mainly due to the influence of food safety and
human cases of influenza A (H7N9). In the first half of this year, Shanghai Kentucky Fried
Chicken had loss of RMB 79.07 million, and brought to the company a loss of RMB 33.21
million investments, the investment income of RMB 26.97 million for the same period last year.
Operating revenues and number of restaurant of some food and restaurant business in the first
half of 2013 are listed as below:
Shanghai New Asia Food Co., Ltd., of which the Company holds 100% equity interest,
accomplished operating revenue amounting to RMB 610 thousands in the first half of 2013,
increased by 79.41% as compared with the same period of previous year.
Shanghai Jin Jiang International Catering Investment Co., Ltd., of which the Company holds
100% equity interest, mainly engaged in food and catering management. In the first half of 2013,
Shanghai Jin Jiang International Catering Investment Co., Ltd. accomplished operating revenue
amounting to RMB36.55 million, decreasing RMB36.46 million as compared with the same
period of previous year. At the end of reporting period, there were 24 restaurants managed. At
the end of last year, there were 11 restaurants managed.
Shanghai Jin Jiang Jinzhu Catering Management Inc, in which the Company holds 100% equity
interest, opened the first "Dingweiyuan" restaurant in Shanghai City, Pudong New Area on May
2013, and accomplished operating revenue amounting to RMB 430 thousands in the first half of
2013,
Shanghai New Asia Caféde Coral Co., Ltd, in which the Company holds 75% equity interest,
accomplished operating revenue amounting to RMB 74.40 million in the first half of 2013,
decreasing 15.98% as compared with the same period of previous year. At the end of the reporting
period, Shanghai New Asia Caféde Coral Company was operating 64 chain restaurants including
10 breakfast shops, 57 chain restaurants including 1 breakfast shop at the end of last year.
Shanghai Jin Jiang Tung Lok Catering Management Inc, in which the Company holds 51% equity
17
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
interest, accomplished operating revenue amounting to RMB 19.84 million in the first half of
2013, decreased by 12.37% as compared with the same period of previous year. At the end of the
reporting period, there were 2 restaurants, the same as the end of 2012.
Shanghai Yoshinoya Co., Ltd, in which the Company holds 42.815% equity interest,
accomplished operating revenue amounting to RMB 32.35 million in the first half of 2012,
decreasing 20.69% as compared with the same period of previous year. At the end of the reporting
period, Shanghai Yoshinoya Co., Ltd was operating 21 chain restaurants, 3 less than the end of
2012.
Shanghai Kentucky Fried Chicken Co., Ltd, in which the Company holds 42% equity interest
accomplished operating revenue amounting to RMB 1.08 billion in the first half of 2013,
decreasing 27.39% as compared with the same period of previous year. At the end of the reporting
period, Shanghai Kentucky was operating 308 chain restaurants, 2 more than the end of 2012.
Fulfillment of social responsibility
In the pursuit of maximizing shareholders' interest, the Company values the sustained profitable
with great importance and places the social responsibility at the core in order to achieve a
win-win situation between the corporate economic efficiency and social benefits.
Being committed to the society and human being, the Company makes all efforts to protect
environment. Economy hotels such as Jin Jiang Inn built by national eco-friendly standards are
with brand new concepts of "green economy hotels". For example, water recycling system, like
collecting the rainwater for flushing and watering, was introduced in those cities located in fresh
water shortage areas. Meanwhile, a series of environment-friendly settings such as high-efficient
air interchanger and insulation building materials have been used in designing hotels. The indoor
construction materials used in Jin Jiang Inn were double tested by both engineering department
and external authority institution to assure the materials reached national environment-friendly
quality. In order to provide a safe accommodation, Jin Jiang Inn detected and strengthened the
building structure to reach national aseismic standards and introduced advanced infrared security
system. The green idea is fully involved in economy hotels design, equipment and materials used,
service, operation and management to stress the concept of "safe, healthy, comfortable and
professional" of economy hotels like Jin Jiang Inn.
The Company is consistently focusing on improving salaries and benefits of employees. During
the reporting period, the Company kept on devoting to raise employee's salaries and amending
supplementary medical insurance project for employees. Furthermore, the Company bought the
insurance of employer's responsibilities to enhance the protection of safety and life of employees,
18
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
good effect was obtained.
(II) Analysis of Main operation and performance
(i) Changes of Accounts in Income Statement and Cash Flow Statement
The reasons of fluctuations are analyzed as follows:
Unit: Yuan Currency: RMB
From 2013.1.1 to From 2012.1.1 to
Item Flux (%)
2013.6.30 2012.6.30
Operating income 1,203,320,942.20 1,112,975,201.54 8.12
Operating cost 140,776,538.36 129,901,099.42 8.37
Selling expenses 627,252,519.90 571,288,426.97 9.80
Administrative expenses 250,682,952.35 227,374,397.03 10.25
Financial expenses 3,390,346.98 4,639,859.36 -26.93
Impairment losses in respect of assets - 4,433,011.03 Not applicable
Investment income 80,599,168.47 158,810,225.05 -49.25
Non-operating income 21,323,238.44 11,203,823.36 90.32
Non-operating expenses 864,480.86 4,195,355.82 -79.39
Profit or loss attributable to minority
1,828,166.94 17,778.24 10183.17
interests
Net cash flows from operating activities 288,784,087.87 279,903,843.99 3.17
Net cash flows from investing activities -777,834,800.21 -62,581,937.27 Not applicable
Net cash flows from financing activities 201,780,122.77 -225,304,205.84 Not applicable
R&D expenditure Not applicable Not applicable Not applicable
The reasons of fluctuations are analyzed as follows:
(1) Operating income
Operating income for current period and previous period are approximately RMB 1,203,320,942
and RMB 1,112,975,202 respectively, increased by 8.12% which was mainly due to the revenue
growth of the group meal of food and catering business. Since 1 April 2013, The company trusted
operating New Asia Hotel, Metro Hotel and rented the fixed assets of Hua Ting Guest House,
Jinshajiang Hotel, BaiYulan Hotel. In the second quarter of 2013, Amount of revenue about five
hotels is RMB 35.43 million.
(2) Operating cost
Operating cost for current period and previous period are approximately RMB 140,776,538 and
RMB 129,901,099 respectively, increased by 8.37% which was mainly due to the increasing
19
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
operating cost of trusted operating five hotels and the increasing revenue of team catering.
(3) Selling expenses
Selling expenses for current period and previous period are approximately RMB 627,252,520 and
RMB 571,288,427 respectively, increased by 9.80% which was mainly due to the increasing
administrative expenses of trusted operating five hotels.
(4) Administrative expenses
Administrative expenses for current period and previous period are approximately RMB
250,682,952 and RMB 227,374,397 respectively, increased by 10.25% which was mainly due to
the increasing administrative expenses of trusted operating five hotels.
(5) Financial expenses
Financial expenses for current period and previous period are approximately RMB 3,390,347 and
RMB 4,639,859 respectively, decreased by 26.93% which was mainly due to the decreasing
clearing fee of bank and the exchange gains from B share dividend to buy foreign exchange.
(6) Impairment losses in respect of assets
Impairment losses in respect of assets for current period and previous period are approximately
RMB 0 and RMB 4,433,011 respectively, which was mainly due to the impairment losses accrued
for the long-term equity investment of Jin An Bakery Co., Ltd. in the last period.
(7) Investment income
Investment income for current period and previous period are approximately RMB 80,599,168
and RMB 158,810,225 respectively, decreased by 49.25% which was mainly due to Shanghai
Kentucky Fried Chicken had losses in the report period and brought to the company a loss of
RMB 33.21 million investment, the investment income of RMB 26.97 million for the same period
last year. The gain from the sale of available-for-sale investments decreased RMB 37.78 million
compared to the same period. The gain from the gain of available-for-sale investments increased
RMB 11.10 million compared to the same period.
(8) Non-operating income
Non-operating income for current period and previous period are approximately RMB 21,323,238
and RMB 11,203,823 respectively, increased by 90.32% which is mainly due to increase of
Jinjiang Inn and New Asia Caféde Coral acquired grants from the government as compared with
the same period in previous year.
(9) Non-operating expenses
Non-operating expense for current period and previous period are approximately RMB 864,481
and RMB 4,195,356 respectively, decreased by 79.39% which is mainly due to loss of disposal of
fixed assets in the process of the renovation of Dong Ya Hotel and Da Hua Hotel.
(10) Profit or loss attributable to minority interests
Profit or loss attributable to minority interests for current period and previous period are
approximately RMB 1,828,167 and RMB 17,778, increased by 10,183.17% which was mainly
20
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
due to the profit of Jinjiang Inn increase and New Asia Café de Coral the losses of decrease
compared to the same period.
(11) Net cash flows from operating activities
Net cash flows from operating activities for current period and previous period are approximately
RMB 288,784,088 and RMB 279,903,844 respectively, increasing by 3.17%, which is mainly due
to the increase of the revenue growth of the limited service hotels and group meal.
(12) Net cash flows from investing activities
Net cash flows from investing activities for current period and previous period are approximately
RMB -777,834,800 and RMB -62,581,937 respectively, having a net increase by RMB
715,252,863 which was mainly due to paid RMB 639million for acquiring equity interest of
Smartel hotel and reduced the sale of available-for-sale investments. The limited service hotel
increased the investments of fixed assets.
(13) Net cash flows from financing activities
Net cash flows from financing activities for current period and previous period are RMB
201,780,123 and RMB -225,304,206 respectively, having a net increase of RMB 427,084,329
which was mainly due to borrowed entrusted loans RMB 1.1billion from Jinjiang International ,
and Smartel hotel repaid entrusted loans RMB 675million .
(ii) Others
(1) Details on significant changes of profits sources
The Company is mainly engaged in business of limited service hotels operation and management,
and the business of food and restaurant. Meanwhile, the Company holds a certain amount of
available-for-sale financial assets and Changjiang Securities. The profits of the Company are
mainly composed of the three parts.
In the first half of 2013, The amount of the profits from business of food and restaurant is RMB
5.42 million, decreasing RMB 46.21 million as compared with the same period of previous year,
and the profits approximately accounted for 3% of total net profits, decreasing about 19
percentages as compared with previous year. Shanghai Kentucky Fried Chicken leading to
investment loss RMB 33.21 million during the reporting period (investment income RMB 26.97
million the same period of previous year) because of chicken problems and H7N9. The losses for
the year of New Asia Café de Coral decreasing RMB 8.85 million as compared with previous
year. The net profit brought by main business amounting to RMB 122.12 million, decreasing
RMB 39.66 million as compared with the same period of previous year
In the first half of 2013, The amount of the investment income from available-for-sale financial
assets and other investment is RMB 63.61 million, decreasing RMB26.68 million as compared
21
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
with previous year. The investment income from available-for-sale financial assets and other
investment accounted for 37% of total net profits, decreasing 11 percentages as compared with
previous year. Among them, the income before tax of selling stock of Changjiang Securities was
approximately RMB 40.07 million, decreasing RMB 37.78 million as compared with previous
year, and gain of cash dividends of Changjiang Securities was RMB 23.54 million, increasing
RMB 11.10 million as compared with previous year.
(2) Others Operating plan progress analysis
According to the annul plan, the revenue is estimated to amount to RMB 2.57 billion. In the
reporting period, the actual revenue achieved by the Company amounted to RMB 1.20 billion,
representing 46.82% out of the total revenue of the annual plan. Current estimates, the company
can complete the annual operating plan.
(III) Analysis of Main operation and performance
(i) Main operation analysis by industries or by products
Unit: Yuan Currency: RMB
Profit margin Increase/decre Profit margin
Increase/decreas
By industry or Revenue from Cost of main for main ase in revenue for main
e in cost of main
by products main operation operation operation from main operation
operation (%)
(%) operation (%) (%)
Limited Increased
service hotels
1,079,279,664.26 81,777,800.33 92.42 6.70 4.30 by 0.17
operation &
management percentage
Increased
Food and
123,932,077.94 58,998,738.03 52.39 22.26 14.57 by 3.19
restaurants
percentage
Others 109,200.00 0.00 100 -6.35 Not applicable Not applicable
Decreased
Total 1,203,320,942.20 140,776,538.36 88.30 8.12 8.37 by 0.03
percentage
Note: Gross operating profit margin = [(Operating revenue– Operating cost)/Operating revenue]*
100%
In the first half of 2013, The amount of gross operating profit margin of limited service hotel is
92.42%，increased by 0.17% as compared with the same period of previous year，and keeping a
good level of profitability。The amount of gross operating profit margin of business of food and
restaurants is 52.39%, increased by 3.19% as compared with the same period of previous year.
The increase of gross operating profit margin mainly due to New Asia Caféde Coral control food
cost. The weighted average gross operating profit margin decreased 0.03 percentages，because
22
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
of food and catering business which industry is low gross operating profit margin increased 1.19
percentages.
(ii) Main operation analysis by operating regions
Unit: Yuan Currency: RMB
Increase/decrease against previous
Area Operating revenue
year (%)
Shanghai 540,688,274.65 18.02
Other areas 662,632,667.55 1.19
Total 1,203,320,942.20 8.12
In the first half of 2013, The increase of operating revenue in Shanghai which was mainly due to
the revenue growth of the group meal of food and catering business. Since 1 April 2013, The
company trusted operating five hotels all in Shanghai.
(IV) Remarks on significant changes in the balance sheet items during reporting period
Remarks on significant changes in the balance sheet items in the first half of 2013:
Unit: Yuan Currency: RMB
30 June 31 December Change
Item
2013 2012 Amount Flux %
Currency funds 464,475,655.57 751,746,245.14 -287,270,589.57 -38.21
Accounts receivable 83,724,201.75 50,282,126.38 33,442,075.37 66.51
Interest receivable 1,588,115.11 2,193,260.34 -605,145.23 -27.59
Not
Dividends receivable 109,856,044.44 0 109,856,044.44 applicable
Other current assets 3,659,878.29 1,636,178.51 2,023,699.78 123.68
Available-for-sale financial assets 923,806,899.78 1,150,338,438.54 226,531,538.76 -19.69
Long-term equity investments 159,962,212.03 235,181,122.39 -75,218,910.36 -31.98
Fixed assets 2,562,988,444.17 1,145,685,724.82 1,417,302,719.35 123.71
Construction-in-progress 622,462,122.23 344,042,695.44 278,419,426.79 80.93
Goodwill 91,957,221.06 40,171,417.85 51,785,803.21 128.91
Long-term prepaid expenses 1,309,974,669.41 1,235,118,999.61 74,855,669.80 6.06
Not
Other none-current assets 40,357,450.46 0 40,357,450.46 applicable
23
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
Not
Short-term borrowings 1,100,000,000.00 0 1,100,000,000.00 applicable
Accounts payable 832,229,888.20 400,533,427.22 431,696,460.98 107.78
Not
Interest payable 1,026,423.35 0 1,026,423.35 applicable
Dividends payable 2,166,909.03 305,520.26 1,861,388.77 609.25
Other payables 206,901,535.60 149,308,627.99 57,592,907.61 38.57
Current portion of
251,692.55 448,496.32 -196,803.77 -43.88
non-current liabilities
Deferred tax liabilities 270,606,460.27 210,037,306.99 60,569,153.28 28.84
Other none-current liabilities 6,521,328.62 2,920,400.84 3,600,927.78 123.30
Capital reserve 2,123,599,214.49 2,282,473,041.43 -158,873,826.94 -6.96
The reasons of fluctuations are analyzed as follows:
(i) Currency funds
The ending and beginning balances of currency funds were approximately RMB 464,475,655.57
and RMB 751,746,245.14 respectively, decreasing by 38.11% which was mainly due to borrowed
entrusted loans RMB 1.1billion, paid RMB 639million for acquiring equity interest of Smartel
hotel, Smartel hotel repaid entrusted loans RMB 675million and paid cash dividend RMB
223million for last year.
(ii) Accounts receivable
The ending and beginning balances of accounts receivable were approximately RMB 83,724,202
and RMB 50,282,126 respectively, increased by 66.51% which was mainly due to the increasing
of team catering accounts receivable along with the growth of revenue of limited service hotels
and Smartel Hotel included in the scope of financial statements.
(iii) Interest receivable
The ending and beginning balances of interest receivable were approximately RMB1,588,115.11 and
RMB 2,193,260.34 respectively, decreased by 27.59% which was mainly due to the fluctuation of
deposits.
(iv) Dividends receivable
The ending and beginning balances of dividends receivable were approximately RMB 109,856,044.44
and RMB 0 respectively, which was mainly because the Company recognized the dividends receivable
from Shanghai Kentucky Fried Chicken Co., Ltd., Hangzhou Kentucky Fried Chicken Co., Ltd.,
Suzhou Kentucky Fried Chicken Co., Ltd, Wuxi Kentucky Fried Chicken Co., Ltd. and Changjiang
Securities.
(v) Other current assets
The ending and beginning balances of interest receivable were approximately RMB 3,659,878.29 and
RMB 1,636,178.51 respectively, increased by 123.68% which was mainly due to the increase of
amortization of Smartel.
24
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
(vi) Available-for-sale financial assets
The ending and beginning balances of available -for-sale financial assets were approximately RMB
923,806,899.78 and RMB 1,150,338,438.54 respectively, decreased by 19.69% which was due to the
decrease in fair value of available-for-sale financial assets.
(vii) Long-term equity investments
The ending and beginning balances of long-term equity investment were approximately RMB
159,962,212.03 and RMB 235,181,122.39 respectively, decreased by 31.98%, which was because the
jointly-controlled company Shanghai Kentucky Fried Chicken Co., Ltd distributed a cash dividend
and had a loss in profit in the current period.
(viii) Fixed assets
The ending and beginning balances of fixed assets were approximately RMB 2,562,988,444.17 and
RMB 1,145,685,724.82 respectively, increased by 123.71%, which was due to the increase on
acquisition of Smartel.
(ix) Construction-in-progress
The ending and beginning balances of construction-in-progress were approximately RMB
622,462,122.23 and RMB 344,042,695.44 respectively, increased by 80.93% which was mainly due to
the increase on acquisition of Smartel.
(x) Goodwill
The ending and beginning balances of goodwill were approximately RMB 91,957,221.06 and RMB
40,171,417.85 respectively, increased by 128.91%, which was due to business combination involving
enterprises not under common control in the current period, and was measured as the difference
between the combination cost and the share of the fair value of identifiable assets of the target
enterprise.
(xi) Long-term prepaid expense
The ending and beginning balances of long-term prepaid expense were approximately RMB
1,309,974,669.41 and RMB 1,235,118,999.61 respectively, increased by 6.06%, which was due to the
increase of new-opened branches of JJ inn.
(xii) Other non-current assets
The ending and beginning balances of other non-current assets were approximately RMB
40,357,450.46 and 0 respectively. The amount of this period end was prepaid rental of basements of
Smartel.
(xiii) Short-term borrowings
The ending and beginning balances of short-term-borrowings were approximately RMB
1,100,000,000 and zero respectively. The amount of this period end was short-term-borrowings from
Jin Jiang International (Group) Limited.
(xiv) Accounts payables
The ending and beginning balances of accounts payables were approximately RMB 832,229,888.20
and RMB 400,533,427.22 respectively, increased by 107.78%, which was due to an increase on
25
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
acquisition of Smartel, including payables for property, payables for rental of basements and payables
for constructions.
(xv) Interest payables
The ending and beginning balances of interest payables were approximately RMB 1,026,423.35 and 0
respectively. The amount of this period end was accrual of interest of borrowings.
(xvi) Dividend payables
The ending and beginning balances of dividend payables were approximately RMB 2,166,909.03 and
RMB 305,520.26 respectively, increased by 609.25%, which was due to the increase of dividends
payable to minority of JJ inn.
(xvii) Other payables
The ending and beginning balances of other payables were approximately RMB 206,901,535.60 and
RMB 149,308,627.99 respectively, increased by 38.57%, which was due to the residue of acquisition
of Smartel.
(xviii) Non-current liabilities due within one year
The ending and beginning balances of non-current liabilities due within one year were approximately
RMB 251,692.55 and RMB 448,496.32 respectively, decreased by 43.88%, which was because Dahua
Hotel and Minhang Hotel stopped using their finance lease equipment.
(xix) Deferred tax liabilities
The ending and beginning balances of deferred tax liabilities were approximately
RMB270,606,460.27 and RMB 210,037,306.99 respectively, increased by 28.84%, which was mainly
due to the tax effect derived from the fair value changes of available-for-sale financial assets and
revaluation surplus arising from acquisition.
(xx) Other non-current liabilities
The ending and beginning balances of other non-current liabilities were approximately
RMB6,521,328.62 and RMB 2,920,400.84 respectively, increased by 123.3%, which was due to the
transfer out of bonus points of membership card published by Jin Jiang Inns.
(xxi) Capital reserve
The ending and beginning balances of capital reserve were approximately RMB 2,123,599,214.49 and
RMB 2,282,473,041.43 respectively, decreased by 6.96%, which was mainly due to the fair value
changes of Changjiang Securities.
(V) Analysis of core-competitiveness
The Company has been making great efforts for about 20 years and has been achieving
core-competitiveness. In accordance with the overall goals of development strategy, the Company will
make further efforts to enhance the advantages in management, brand, network and talent, and to build
and consolidate the leading position in limited service hotel market.
26
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
It is the first time that hotels are divided into "Limited service hotels" and "All service hotels"
according to the benchmark of hotel star issued by National Tourism Administration in 2010. Limited
service hotels are hotels which provide specialized service for popular consumption, emphasize on
accommodation, and have different characteristics from "all service hotels" in service, marketing,
organization structure and allocation and maintenance of devices, etc.
After a long time planning for developing limited-service business hotels and careful deliberation, the
"Jinjiang metropolo" is chosen to be the flagship of limited-service business hotel unit. The company
will take full advantage of Jinjiang Hotels Group's experience of managing high star-level hotels to
ensure higher quality of service and management, to speed up brand building and expand its influence,
setting a solid foundation for the long-term development in the future.
According to the main shareholder of Jin Jiang Hotel Group's brand combing and ongoing business
positioning, Jin Jiang Hotels Group's hotel business covers all service hotels and limited service hotel.
Jin Jiang Group will focus on limited service hotels (including economic hotels and limited service
Hotel ) business development, and thus to open up more space for the development of the hotel
business.
In the early days of developing limited service business hotels, the company will manage some 3-star
hotels of Jinjiang Hotels Group by leasing or entrusted operating, and meanwhile, find some
compatible potential projects to seize market share.
During the reporting period, the Company took several measures to enhance core-competitiveness
On 29 March,2013, the company signed entrusted operation contract with Jinjiang Hotels Group and
leasing contracts with Shanghai Hua Ting Guest House Co., Ltd, Jinshajiang Hotel Co., Ltd and
Shanghai BaiYulan Hotel Co., Ltd. These hotels are situated in superior geographical locations in
Shanghai, which can speed up brand building and business development of limited-service business
hotels.
On 14 June 2013, The Company signed "equity transfer of Smartel hotel management Co., Ltd." with
China Wallink Holding Group Co., Ltd. ("China Wallink") and Tianjin Huasheng Tourism equity
investment partnership ("Huasheng Tourism"), acquiring 100% equity interest of Smartel. The
company obtained 21 hotels situated in the city center or vice center through the acquisition, which
will accelerate the pace of brand "Jinjiang Metropolo" to enter the market of limited-service hotels and
occupy the leading position in the market.
In Jan. to June 2013, the members of Jin Jiang Inns had been increased 3.18 million, and the total
members had been up to 9.5 million. A record number of 832 thousand Jin Jiang Inn corporation credit
cards with Bank of Communications and 5.72 million Jin Shang integral cards had been issued
accumulatively. The amount of enterprise customers went up over 26,000.Meanwhile, by starting to
27
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
use new call center and complete the upgrading of the internet reservation system, the Company's
reservation platform has been gradually intensified and its marketing support and reception for
nationally wide chains were furthermore improved.
In Jan. to June 2013, Jin Jiang Inn was selected one of the top 100 hotels in China and awarded as "the
13th Chinese Hotels Golden Horse Award", "The Most Satisfactory Franchise Brand in 2012-2013" by
the Chinese Hotel Industry Annual Conference Organizing Committee; awarded as "The Outstanding
Hotel in China in 2013" by Chinese Hotel Association; awarded as" the Innovation Award of
Franchise of China" by the China Chain Store and Franchise Association. In the satisfaction
investigation of Chinese customers in 2012 by China Standardization Institute Customer Satisfaction
Assessment Center and Tsinghua University Chinese corporation research center, "Jin Jiang Inns"
ranked the top in the category of economy hotel. And, according to the industry survey of China Chain
Store and Franchise Association, Jin Jiang Inns was included in "the best 120 franchise chain
corporation".
(VI) Details for the investments of the Company
During the reporting period, the total amount of investment was RMB 887.19 million, increasing
RMB 692.2 million as compared with previous year by 354.99%.
Details are as follow:
During the reporting period, the amount of equity investment was RMB 721,07 million, increasing
RMB 657.65 million by 1037.01%.
As at 30 June 2013, the book value of available-for-sale financial assets held by the Company was
RMB 923.81 million, decreasing by RMB 226.53 million as compared with the end of previous year.
The fluctuation was mainly due to the closing price of Changjiang Securities being RMB 7.91 per
share, decreasing RMB 1.49 as compared with the end of previous year. Meanwhile, the Company
sold 5,600,000 shares of Changjiang Securities.
According to the needs of development strategy, the company continued to provide a certain amount
of entrusted loans for the business of economy hotels operation and management. During the reporting
period, RMB 415 million was repaid and RMB 300 million was borrowed as entrusted loans. As at 30
June 2013, the closing balance of entrusted loans was RMB 370 million.
During the reporting period, the Company further enlarged the renovation of economy hotels and
chain restaurants, along with IT projects of headquarters of Jin Jiang Inns, which accumulatively cost
RMB 166.12 million.
28
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
(i) General Analysis of Equity Investment
(1) Equity interest of other listing companies held by the Company
Unit:RMB
Equity Equity
shares shares
Change in
at the at the Profit/loss for Source
Stock Abbreviation of Initial Book value at owners
beginnin ending the reporting Account of
code the stock investment year end equity for the
g of the of the period shares
reporting period
period(% period(%
) )
Available-f
Changjiang or-sale Invest
000783 318,223,759.98 5.11 4.88 914,633,297.90 63,194,645.88 -157,671,698.87
Securities financial ment
assets
Availablef
or-sale Invest
002186 Quanjude 56,408.72 <1 <1 1,340,422.67 23,902.00 -117,239.31
financial ment
assets
Availablef
Jinjiang or-sale Invest
600650 1,945,476.00 <1 <1 3,707,130.24 144,270.72 -423,403.20
Investment financial ment
assets
Availablef
Bank of or-sale Invest
601328 1,540,945.00 <1 <1 4,126,048.97 243,305.04 -661,485.58
Communications financial ment
assets
Total 321,766,589.70 923,806,899.78 63,606,123.64 -158,873,826.96
Note1: Profit or loss for the reporting period represents the cash dividend income and the disposal of
stocks for the reporting period.
Note2: As at 31 December 2012, the Company totally held 121,230,000 listed shares of trading in
Changjiang Securities, representing 5.11% of its total share capital. From 22 Mar. to 22 May 2013, the
Company sold 5,600,000 shares of Changjiang Securities through Shenzhen Securities Trading
System, and achieved a pre-tax investment income of RMB 40,068,600 deducting the cost and related
fees. After the reduction, the Company held 115,630,000 shares of Changjiang Securities, which
equals to 4.88% equity interest.
(2) Equity interest of unlisted financial institution held by the Company
Change
Equity Equity Profit/ in
Equity Initial shares at the shares at Book loss for owners' Source
Equity interest
interest investment beginning of the ending value at the equity for Account of
(share) the of the
held in (Yuan) year end reportin the shares
period(%) period(%) g period reporting
period
Longter
Shenyin & Wanguo
m equity Invest-
Securities Company 10,000,000 11,088,566 <1 <1 5,000,000 0 0
investme ment
Limited
nt
Total 11,088,566 / / / /
29
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
(ii) Details for entrusted financing and derivatives investment of non-financial companies
(1) Details for entrusted loans
There is no entrusted assets management in the reporting period.
(2) Details for entrusted loans
Entrusted loans:
As at 30 June 2013, the entrusted loans from the Company and its branches provided for Jin Jiang Inns
and its affiliated companies are as follows
Unit: 000 Currency: RMB
Sourse
RPT RPT Expec Prof
Exte of
Rate Guara Ove trans Law Relati ted it
Borrower Amount Maturity Purpose nsio funds(
(%) ntor rdue actio suit onshi incom and
n Place
n p e loss
ment)
Jin Jiang 200,000 12 months 1.2% N/A No No No No No 2,160 -
100,000 12 months 1.2% Capital N/A No No No No No Subsi 1,080 -
Inn Co., turnover diary
70,000 12 months 1.2% N/A No No No No No 756 -
Ltd.
(3) Details for replacement use
During the reporting period, there was no replacement existed.
(4) Business operation and performance of principal subsidiaries and invested companies
Unit: 000 Currency: RMB
Equity Registered Net assets Operating
Principal Net Profit in
Interests at Capital at end of the revenue in
Company name Jan to June
operation 30 June at30 June period at30 Jan to
2013
2013(note6) 2013 June 2013 June 2013
I. Business of limited service hotels
(Principal):
Operation and
1. Jin Jiang Inn Co., Ltd. management of 100% 179,710 520,370 735,560 135,830
limited service hotels
2. Shanghai International Hotels
Hotels investment 100% 1,225,000 1,689,740 275,420 -5,840
Investment Co., Ltd.
Operation and
Including subsidiary: Shanxi Goldmet Inn
Management Co., Ltd. (Note 1) management of 100% 68,330 122,100 44,410 1,990
limited service hotels
Operation and
3. Shanghai Jin jiang Metropolo Hotel
Investment Management Co., Ltd(note2) management of 100% 50,000 49,820 - -180
limited service
30
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
business hotels
Operation of hotel and
4. Smartel Hotel Management Co.,
Ltd(note3) catering of limited 100% 300,000 293,790 N/A N/A
service hotels
5. Shanghai Jin Jiang Da Hua Hotel Operation of hotel and
Co., Ltd.(note4) catering 100% 31,700 4,730 210 -2,370
Operation of hotel and
6. Shanghai Minhang Hotel Co., Ltd 100% 7,690 9,540 7,820 -460
catering
II. Business of food and restaurant
(Principal):
Development and
1. Shanghai Jin Jiang International Management of
Catering Investment Co., Ltd. restaurants, domestic 100% 149,930 88,640 122,330 -14,270
trading
Including subsidiary: Shanghai New Asia Production of moon
Food(note5) cakes and frozen food 100% 11,420 7,750 610 -3,300
Shanghai Jinjiang International Food
Catering 100% 10,000 6,060 36,550 2,010
& Catering Management Co.,Ltd
Shanghai Jinzhu Catering
Catering 100% 10,000 5,420 430 -4,580
Management Co.,Ltd(note5)
Shanghai New Asia Café de Coral
Catering 75% 68,670 25,910 74,400 -1,510
Co., Ltd. (note5)
Shanghai Jin Jiang Tung Lok Catering of Chinese
and western cuisine 51% 18,900 5,410 10,840 150
Catering Management Inc (note5)
Associated Companies: Shanghai Operations of
Yoshinoya Co., Ltd.(note5) Japanese fast food 42.815% $12,300 36,070 32,350 -7,720
Shanghai Jing An Bakery Co., Ltd
(note5) Bakery 14.63% $2,050 3,570 40,030 -1,920
2. Shanghai Kentucky Fried Chicken Operations of western
Co., Ltd. fast food 42% $27,010 159,350 1,079,810 -79,070
3. Shanghai New Asia Fulihua Operations of Chinese
Catering Co.,Ltd. restaurants 41% $35,000 59,880 84,930 4,830
4. Hangzhou Kentucky Fried Chicken Operations of western
Co., Ltd. fast food 8% $21,500 223,640 1,689,680 39,170
5. Wuxi Kentucky Fried Chicken Co., Operations of western
Ltd. fast food 8% $3,348 54,960 488,660 4,440
6. Suzhou Kentucky Fried Chicken Operations of western
Co., Ltd. fast food 8% $6,200 75,700 788,960 18,940
III. Others (Principal):
Securities agency and
Changjiang Securities Co.,Ltd. investment consulting 4.88% 2,371,230 12,143,470 1,356,830 486,560
business
Note 1: Shanxi Goldmet Inn Management Co., Ltd. is the wholly-owned subsidiary of Shanghai
International Hotels Investment Co., Ltd.
Note 2: Shanghai Jin jiang Metropolo Hotel Investment Management Co., Ltd was established on 27
Apr. 2013.
Note 3: On 14 June 2013, The company signed "equity transfer of Smartel hotel management Co.,
Ltd." with China Wallink Holding Group Co., Ltd. ("China Wallink") and Tianjin Huasheng Tourism
31
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
equity investment partnership ("Huasheng Tourism"). The company acquired 99% equity interest of
Smartel hotel held by Huasheng Tourism. The company acquired 1% equity interest of Smartel hotel
held by China Wallink. The company obtained the control of Smartel hotel after the transaction on 30
June. Smartel Hotel included in the scope of financial statements after 30 June 2013.
Note 4: In March 2011, Shanghai Jin Jiang Da Hua Hotel Co., Ltd. implemented the renovation of all
range of the hotel.
Note 5: Shanghai Jin Jiang International Catering Investment Co., Ltd. holds 95% equity interest of
Shanghai New Asia Food Co., Ltd., 10% equity interest of Shanghai Jinjiang International Food &
Catering Management Co. Ltd., 75% equity interest of Shanghai New Asia Caféde Coral Catering
Co., Ltd., and 42.815% equity interest of Shanghai Yoshinoya Co., Ltd. In addition, Shanghai Jin
Jiang International Catering Investment Co., Ltd. holds 14.36% equity interest of Shanghai Jing An
Bakery Co., Ltd., and has the capability of exerting significant influence on Shanghai Jing An Bakery
Co., Ltd. The Company holds 100% equity interest of Shanghai Jin Jiang International Catering
Investment Co., Ltd., 90% equity interest of Shanghai Jinjiang International Food & Catering
Management Co., Ltd. and 5% equity interest of Shanghai New Asia Food Co., Ltd
Note 6: Equity interest at the end of the reporting period in above sheet represents total equity
interest held by the Company directly and indirectly.
Note 7: The financial data of subsidiaries and associate companies in Jan. to June is unaudited,
which is for reference.
Operation of invested company (For companies whose investment income accounted for more
than 10% of the net profit)
Unit:000 Currency:RMB
Investment
Net Profit in Proportion of net
Principal income
Company Name Jan to June profit of listed
operation contributed by
2013 company(%)
invested company
Hangzhou Kentucky Operations of
39,170 32,140 18.92
Fried Chicken Co., Ltd. western fast food
Note: The company hold 8% equity interest of Hangzhou Kentucky Fried Chicken Co., Ltd. The
investment income from it is its dividend of year 2012.
32
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
(5) Details for non-raised capital items
① In January, the company invested USD 248,000, equal to RMB 1,559,225.60 to increase capital
of Suzhou Kentucky Fried Chicken. As at 30 June 2013, the registered capital of Suzhou Kentucky
Fried Chicken is USD 6,200,000. The company held 8% equity interest of Suzhou Kentucky Fried
Chicken.
② In February, Catering Investment, the wholly owned subsidiary of the Company invested RMB
10,000,000 to establish Shanghai Jinzhu Catering Management Co., Ltd. As at 30 June 2013, the
Company held 100% equity interest of Shanghai Jinzhu Catering Management Co., Ltd.
③ In February, International Hotels Investment, the wholly owned subsidiary of the Company
invested RMB 5,500,000 to establish Shenyang Jinfu Hotel Investment Management Co., Ltd. As at
30 June 2013, International Hotels Investment held 55% equity interest of Shenyang Jinfu Hotel
Investment Management Co., Ltd.
④ In February, Catering Investment, the wholly owned subsidiary of the company invested USD
856,305, equal to RMB 5,384,626.34 to increase capital of Shanghai Yoshinoya. As at 30 June 2013,
the registered capital of Shanghai Yoshinoya is USD 12,300,000 as well as the paid-in capital.
Catering Investment held 42.815% equity interest of Shanghai Yoshinoya.
⑤ In April, the Company invested RMB 50,000,000 to establish Shanghai Jinjiang Metropolo Hotel
Investment Management Co., Ltd. As at 30 June 2013, the Company held 100% equity interest of
Shanghai Jinjiang Metropolo Hotel Investment Management Co., Ltd.
⑥ In May, the Company and Catering Investment invested RMB 1,469,783.40 and RMB
8,163,309.27 respectively to increase capital of Shanghai Jinjiang International Food & Catering
Management Co.,Ltd. As at 30 June 2013, the registered capital of Shanghai Jinjiang International
Food & Catering Management Co., Ltd is RMB 10,000,000. Catering Investment held 82% equity
interest of Jinjiang Food while the Company held 18%.
⑦ In April and June, the Company invested RMB 639,000,000 in total to acquire Smartel Hotel
Management Co., Ltd. There is some payment unsettled. As at 30 June 2013, the Company held 100%
equity interest of Smartel Hotel Management Co., Ltd.
⑧ During the reporting period, the Company accumulatively paid RMB 19.53 million for the
renovation of East Asia Hotel and Da Hua Hotel.
⑨ During the reporting period, Shanghai Jin Jiang International Hotels Investment Co., Ltd., the
wholly owned subsidiary of the Company accumulatively invested RMB 116.83 million for
renovation of inns.
33
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
⑩ During the reporting period, Jin Jiang Inn Co., Ltd., the wholly owned subsidiary of the
Company accumulatively invested RMB 20.64 million for renovation of inns; invested RMB 6.42
million for IT project of headquarter.
During the reporting period, Shanghai New Asia Café de Coral Co., Ltd., the wholly owned
subsidiary of the Company accumulatively paid RMB 2.7 million for renovation of its stores
(iii) The proposal on profit distribution or capitalization of reserves
During the reporting period, 2012 profit distribution has been approved by the general meetings
of shareholders. A cash dividend of RMB 0.37 per share (tax included) for all shareholders on the
basis of the total share capital of 603,240,740 shares at the end of 2012, for which B shareholders
are entitled to a cash dividend of USD. The announcement on resolutions of 2012 shareholders'
meetings was published on Shanghai Securities News and Ta Kung Pao on 29 May 2013.
The announcement of dividend payment was published on Shanghai Securities News and Ta
Kung Pao on 6 June 2013: date of record of A share is 14 June 2013; last trading day of B share is
14 June 2013 and date of record is 19 June 2013; ex-dividend date is 17 June 2013; the dividend
payment date is 28 June 2013.
(iv) Subsidiaries newly incorporated during the financial reporting period
Subsidiaries newly incorporated during the financial reporting period:
Shanghai Jinzhu Catering Management Co., Ltd. Catering Investment holds its 100% equity
interest. The registered capital is RMB 10 million. The registered address is North Zhongshan Road,
Zhabei District, Shanghai. The principal business and operation scope is catering management
currently.
Shanghai Jinjiang Metropolo Hotel Investment Management Co., Ltd. The Company holds its
100% equity interest. The registered capital is RMB 50 million. The registered address is Room 1108,
Building 1,No 9628 Hunan Road, Huinan Town, Pu Dong New District, Shanghai. The principal
business and operation scope is hotel and catering operation, investment management, consulting and
hotel management.
Smartel Hotel Management Co., Ltd. The Company holds its 100% equity interest. The
registered capital is RMB 300 million. The registered address is Room 1-3736,Building 3, No 20,
Shilong Development Zone, Mentougou District, Beijing. The principal business and operation scope
is hotel management, project investment and investment management.
34
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
Shanghai Jinzhen Investment Management Co., Ltd. Hotel Investment holds its 100% equity
interest. The registered capital is RMB 5 million. The registered address is Building J,Room 202,No
1,Lane 1 Suide Road, PuTuo District, Shanghai. The principal business and operation scope is
investment management, consulting and industry investment.
Shenyang Jinfu Hotel Investment Management Co., Ltd. Hotel Investment holds its 55% equity
interest. The registered capital is RMB 10 million. The registered address is No 100, Dongshuncheng
Street, Shenhe District, Shenyang. The principal business and operation scope is hotel investment
management and consulting.
(v) Other Disclosure Events
(i) Description of the Board of Directors for the CPA firm "non-standard audit report
N/A
35
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
V. Significant Events
(I) Significant lawsuits and arbitrations
The Company did not have any significant lawsuits and arbitrations during the year.
(II) Events of bankruptcy and reorganization
The Company did not have any bankruptcy and reorganization during the reporting period.
(III) Transaction of assets, merger or acquisition
Overview and type of matters Query index
On 25 April 2013, The company signed the intent
letter of "equity transfer of Smartel hotel
management Co., Ltd." with China Wallink The The details of the matter refer to the relevant
Holding Group Co., Ltd. ("China Wallink") and announcements published on 25 April 2013.
Tianjin Huasheng Tourism equity investment
partnership ("Huasheng Tourism").
On 14 June 2013, The company signed the
contract of "equity transfer of Smartel hotel
management Co., Ltd." with China Wallink The The details of the matter refer to the relevant
Holding Group Co., Ltd. ("China Wallink") and announcements published on 14 June 2013.
Tianjin Huasheng Tourism equity investment
partnership ("Huasheng Tourism").
(IV) Equity incentive and their impact
N/A
(V) Significant related party transactions during the reporting period
(i) Related party transactions in association with daily operation
Related party transactions announced on the interim announcements and without further changes.
Overview and type of matters Query index
On 29 March 2013, the Company signed the entrusted operation
contract with Jin Jiang Hotels Group and was entrusted to operate The The details of the matter
Shanghai Jin Jiang International Hotels (Group) Co., Ltd, New Asia refer to the relevant
Hotel and Shanghai Jin Jiang International Hotels (Group) Co., Ltd. announcements published on
Metro Hotel. The operating period is from April 1, 2013 to March 31, 30 March 2013.
2028. The company has the right of extend when the contract expires,
36
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
but the extension should not less than 5 years. During the entrustment,
the company should pay the fixed expense RMB9,936,000 and RMB
20,208,000 respectively to the Jin Jiang Hotels Group.The gain or loss
of the relavent assets during the entrustment will be enjoyed or borne
by the company.
On 29 March 2013, the Company signed leasing contracts with Shanghai
Hua Ting Guest House Co., Ltd., Jinshajiang Hotel Co., Ltd., and
Shanghai BaiYulan Hotel Co., Ltd., the subsidiaries of Jin Jiang Hotels The The details of the matter
Group to have the right to use their property and equipments. The lease refer to the relevant
term is from April 1, 2013 to March 31, 2028. The company has the announcements published on
right of extend when the contract expires, but the extension should not less 30 March 2013.
than 5 years. During the lease, the company should pay the fixed expense
RMB8,568,0000, RMB10,584,000 and RMB 8,904,000.
On 14 June 2013, the Company (as a borrower), signed an "ordinary
entrusted loan contract" with Jin Jiang International (as a principal) and
the bund branch of ICBC (as an agent). According to the contract, the
The The details of the matter
Company obtained a 6-month loan provided by Jin Jiang International
refer to the relevant
through the bund branch of ICBC. The total amount of the loan is
announcements published on
RMB 1,100,000,000; the period is from 24 June 2013 to 24 December
15 June 2013.
2013.The interest rate is 5.04%, which is less than the benchmark
interest rate for renminbi loans-5.60% for the same period published by
the people's bank of China.
Related party transactions not announced on the interim announcements
Unit: Yuan Currency: RMB
Related Proportion in
Related party Transaction Pricing Settlemen
Related party Content party congener
relationship type policy t by
transactions business (%)
JinJiang
International Ultimate
Limited
(Holdings) Co., holding
Rendering service Market
Ltd., Jin Jiang company, parent management 493,083.38 0.72 Cash
of service price
Hotels Group and company and its fee
their hotel-related subsidiaries
subsidiaries
JinJiang
International Ultimate
(Holdings) Co., holding Market
Rendering Market
Ltd., Jin Jiang company, parent co-ordination 190,223.61 100.00 Cash
of service price
Hotels Group and company and its fee
their hotel-related subsidiaries
subsidiaries
Jin Jiang Hotels Parent company
Rendering Consulting fee Market
Group and its and its 238,560.00 100.00 Cash
of service of food service price
subsidiaries subsidraies
JinJiang Ultimate Sales of Sale of hotel Market 40,290.81 0.52 Cash
37
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
International holding goods goods and price
(Holdings) Co., company, parent food
Ltd., Jin Jiang company and its
Hotels Group and subsidiaries
their hotel-related
subsidiaries
JinJiang
International
(Holdings) Co., Parent company
Sales of Market
Ltd., Jin Jiang and its Sale of food 965,949.29 29.81 Cash
goods price
Hotels Group and subsidraies
their hotel-related
subsidiaries
Jing'an bakery,
JinJiang Associated
International companies,
Purchase of
(Holdings) Co., ultimate holding Purchase of Market 1,466,066.0
hotel goods 0.78 Cash
Ltd., Jin Jiang company, parent goods price 9
and food
Hotels Group and company and its
their hotel-related subsidiaries
subsidiaries
Jin Jiang Hotels Parent company
Receiving Travel Market
Group and its and its 680,185.00 7.48 Cash
of services expenses price
subsidiaries subsidraies
JinJiang
Ultimate
International Member
holding Receiving Market
(Holdings) Co., integration 875,441.26 100.00 Cash
company, and of services price
Ltd., and its services
its subsidraies
subsidiaries
Total / / / /
Necessity and sustainability for these related party transactions and reasons for choosing of these
related parties:
Jin Jiang Inn Co., Ltd., a subsidiary of the Company, provides limited service hotel management
services to Jin Jiang international, Jin Jiang Hotels Group and its subordinative hotel-related
entities. The main purpose is to expand market share of limited service hotel management.
(ii) Other significant related party transaction
The Company deposits part of its operation or idle fund into Jin Jiang International Finance Co.,
Ltd. (an authorized non-bank finance institution, Jin Jiang International Finance), and the balance
at end of reporting period was approximately RMB 225,740,000 and the balance at beginning of
reporting period was approximately RMB 500,430,000. The Company's 2012 annual
shareholders' meeting convened on 28 May 2013 considered and approved the resolution on
38
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
making deposit in the Jin Jiang International Finance: the Company's outstanding deposits in the
Jin Jiang International Finance in 2013 shall not exceed RMB 700,000,000. Interest income
derived from the deposit for the reporting period was RMB4, 030,000.
The subsidiaries of the Company have borrowings from Jin Jiang International Finance Co., Ltd.,
and the balance at the both the beginning and end of reporting period end was RMB 0. On 28
May 2013, the general meeting of shareholders considered and approved the resolution on
borrowings from the Jin Jiang International Finance Co., Ltd.: the Company's outstanding
borrowings from the Jin Jiang International Finance Co., Ltd. in 2013 shall not exceed RMB
700,000,000. Interest expense derived from the borrowings for the reporting period was
approximately RMB 0.
As is stipulated by the Article12 of 3rd Chapter of Article of Association of Jin Jiang
International Finance, it is committed by the Board of Directors of Jin Jiang International
Holdings Company Limited that in the case of the difficulty in payment of the Company, Jin
Jiang International Holdings Company Limited will supervise and urge Jin Jiang Hotels Group to
inject relevant capital according to the practical demand to settle the difficulty of payment.
To further ensure the security and independence of the Companys deposit in Jin Jiang
International Finance, Jin Jiang Hotels Group, the substantial controller of the Company, made
commitment on 22 December 2009 as follows:
Based on the precondition that the reorganization is approved and implemented, Jin Jiang Hotels
Group will provide full guarantee for the Companys and its subsidiaries deposit in Jiang
International Finance and other financial assets as at 31 July 2009,the date of evaluation and audit,
and their deposit Jiang International Finance and other financial assets thereafter. In the case that
Jiang International Finance fail to repay the deposit and principal and interest of other financial
assets of your Company, Jin Jiang Hotels Group will repay on behalf of Jiang International
Finance. Businesses like capital deposit and withdrawal between the Company and Jiang
International Finance are based on the freewill and independent decision of the two parties. Jin
Jiang Hotels Group committed not to make unitive arrangement on the businesses like capital
deposit and withdrawal between the Company and Jiang International Finance by any means to
interfere the normal decision making of the Company so as to ensure the independence of the
finance and the secure of capital. As a result, the Company shall disclose the deposit and
guarantee stated above timely according to certain regulations (including the periodical disclose
in periodical reports and timely disclose of significant events).
39
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
(VI) Significant contracts and fulfillment of contracts
(i) Trusteeship, contracting or leasing counting for more than 10% of the total profit of the
Company for the current period
Events on trusteeship
The Company had no significant events on trusteeship for the year.
Events on contracting
The Company had no significant events on contracting for the year.
Events on leasing
The Company had no significant events on leasing for the year.
(ii) Events on guarantee
The Company did not have any events on guarantee for the year.
(iii) Other significant contracts or transactions
Please refer to Note (V) 1 for details.
(VII) Fulfillment of commitment
(i) The commitment in reporting period and last for the reporting period and background (the
commitment that had been fulfilled before the reporting period didn't disclosure)made by the
listed company, holding shareholders and ultimate holding company
Background Type Promiser Fulfill
Commitment Deadline Fulfillment
timely
As at the reporting date,
Agreement of Assets
among all of the
Replacement, it is noted that
operating inns which
30 inns among the transferred
have properties' defects
in and acquired assets of Jin
problems, 17 inns have
Commitments Jin Jiang Jiang Inn have the properties
obtained the legal lease
regarding to International defects problems. For the
record proofs or
Others Holdings purpose of resolving the the Yes Yes
the assets confirmations issued by
Company above defects problems and
reorganizaiton Bureau of Land and
Limited setting the timetables, as at 1
Resources, which means
March 2010, Jin Jiang
that they dont have
International (Holdings) Co.,
properties' defects
Ltd. acknowledged for below:
problems. There is no
1) If Jin Jiang International significant risk caused by
40
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
(Holdings) Co., Ltd. failed to not obtaining
ownerships certificate,
solve the properties defects
land use right certificate
problems within the scheduled
or having difference
timetable and quantities, that
between the record
means the amount of the inns
proofs and operation.
to be declined to 20% within
The remaining 13 inns
12 months; or to be declined to
still have the properties
10% within 24 months; or to
defects problems.
be totally solved within 36
months after the approvals of
CSRC, Jin Jiang International
Jin Jiang Inn has fulfilled
(Holdings) Co., Ltd will
the resolving proposal
undertake the default penalty
made by the Company as
for the cancellation of the
“after the Assets
rental contract and should
Reorganization approved
make the compensation by the
by Chinese Securities
evaluated amount of the assets
Regulatory Commission
at the base date of appraisal
("CSRC"), the amount of
(31 July 2009).
the inns, which have
2) In the future operation of properties defects
the transferred in and acquired problems, should be
assets, the several lease inns of declined to 20% (17
Jin Jiang Inn may have to inns)at the base date of
relocate due to the relevant appraisal within 12
defects. In the case that the months”.
lessors couldnt fully
As at the reporting date,
compensate the loss, Jin Jiang
since the lease inns of Jin
International (Holdings) Co.,
jiang Inn do not have
Ltd. should fully compensate
properties defects
the inns for their loss as the
problems, Jin Jiang
support to relocation and
International (Holdings)
reopening in accordance with
Co., Ltd. does not need
the below calculation. The
to implement the
specific loss amount of an
commitments and as also
asset should be settled as the
doesnt violate the
higher of the evaluated amount
commitments.
of the assets at the base date of
appraisal (31 July 2009) and
total original cost of fixed
assets and decoration based
upon the audit result of 31 July
2009. After the compensation
by Jin Jiang International
(Holdings) Co., Ltd, any
compensation repayment from
the lessors will belong to Jin
Jiang International (Holdings)
Co., Ltd. Meanwhile, Jin Jiang
International (Holdings) Co.,
Ltd. should compensate the
relevant inns of the fiscal year
audited net profit before close
41
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
to make up for the loss of
business during the inn closed.
The reorganization report
discloses ： On 22 December
2009, Jin Jiang International
made a commitment to
provide full guarantee for the During the reporting
whole balance of deposits and period, Jiang
all of the other financial International Finance
assets , which are deposited in Co., Ltd. did not have
Jin Jiang Jin Jiang International Finance payment crisis for the
International
Holdings Co., Ltd. of the Company and deposits and interest of
Others Yes Yes
Company its subsidiaries from the base the Company and its
Limited date of appraisal (31 July subsidiaries. Therefore,
2009). For example, Jin Jiang there was no necessary
International will pay the for Jin Jiang
deposits and interest for Jin International to fulfill the
Jiang International Finance commitment.
Co., Ltd. to the Company and
its subsidiaries when Jin Jiang
International Finance Co., Ltd.
are unable to pay.
(VIII) The punishment received by the Company and the Directors, Supervisors, senior
management, shareholders and substantial controller and the remedial actions adopted
The Company and the Company's Directors, Supervisors, senior management, shareholders and
substantial controller all had not been investigated, punished and publicly reprimanded by the China
Securities Regulatory Committee and not publicly condemned by the stock exchange this year.
(IX) Corporate governance
During the reporting period, the company operated standardly according to the "Company Law",
"Securities Law", "Corporate Governance Standards of Listed Company" and other relevant laws,
regulations and requirements. The company continues to improve the structure, mechanism of
corporate, strengthen the standardized operation and information disclosure. The actual situation of
corporate governance in accordance with the relevant laws and regulations of China Securities
Regulatory Commission and the relevant requirements. The company's actual results of corporate
governance matched the relevant regulations of laws and CSRC.
42
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
VI. Change of Share Capital and Particulars of Shareholders
(I) Change of Share Capital
(i) Change of Share Capital
During the period, no change in share capital was incurred.
(ii) Change of Restricted Tradable Shares
During the reporting period, no change in restricted tradable shares was incurred.
(II) Particulars of shareholders
(i) Number of shareholders and their shareholding
Unit: share
Total number of shareholders at end of 50,933（including: 25,663A share shareholders and 25,270 B share
period shareholders）
Shareholding of the top 10 shareholders
Increase/
Number of Number of
Shareholding Total decrease
Nature of restricted shares
Name of shareholder proportion number of during the
shareholder tradable pledged or
(%) shares held reporting
shares frozen
period
State-owned
Jin Jiang Hotels Group 50.32 303,533,935 0 0 None
legal person
Overseas
INVESCO FUNDS SICAV 2.00 12,057,301 1,345,115 0 Unknown
legal person
E Fund Value Growth
Mixed Securities Others 1.82 11,000,000 -4,750,000 0 None
Investment Fund
Double Coins Holdings State-owned
1.42 8,541,951 0 0 None
legal person
Ltd.
Xinhua Premium
Distributing Hybrid Others 0.91 5,502,321 3,987,250 0 None
Serurities Investment Fund
Overseas
TARGET VALUE FUND 0.91 5,485,778 5,485,778 0 Unknown
legal person
43
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
National Social Security
Others 0.91 5,478,676 1,778,333 0 None
Fund portfolio
INVESCO PERPETUAL
Overseas
HONG KONG & CHINA 0.82 4,942,249 0 0 Unknown
legal person
FUND
Great Wall Absolute Return
Others 0.81 4,900,000 0 0 None
Mixed-type Fund
Huaxia growth Mixed-type
Others 0.58 3,500,000 -300,000 0 None
Fund
Particulars of top 10 unrestricted tradable share shareholders
Numbers of unrestricted
Name of shareholder Category
tradable shares
Jin Jiang Hotels Group 303,533,935 RMB ordinary shares
INVESCO FUNDS SICAV 12,057,301 Domestically-listed foreign shares
E Fund Value Growth Mixed Securities RMB ordinary shares
11,000,000
Investment Fund
Double Coins Holdings Ltd. 8,541,951 RMB ordinary shares
Xinhua Premium Distributing Hybrid Serurities
5,502,321 RMB ordinary shares
Investment Fund
TARGET VALUE FUND 5,485,778 Domestically-listed foreign shares
National Social Security Fund portfolio 5,478,676 RMB ordinary shares
INVESCO PERPETUAL HONG KONG & Domestically-listed foreign shares
4,942,249
CHINA FUND
Great Wall Absolute Return Mixed-type Fund 4,900,000 RMB ordinary shares
Huaxia growth Mixed-type Fund 3,500,000 RMB ordinary shares
E Fund Value Growth Mixed Securities Investment Fund, E Fund
Growth Securities Investment Fund are all belonging to E Fund
Explanation on associated relationship among Management Co., Ltd. The Company didn't know whether the
the top 10 shareholders or acting-in-concert other shareholders were related parties or the person
acting-in-concert defined as" Measures for the administration of
disclosure of shareholders' equity changes of listed companies ".
(ii) The holding shareholder and the substantial controller
During the period, no change of the holding shareholder and the substantial controller was incurred.
44
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
VII. Directors, Supervisors and Senior Management
(I) Changes in shareholding of Directors, Supervisors and senior Management
Unit: Share
Shares held at Shares held at Changes during
Reason for
Name Position beginning of the the end of the the period
change
period period
Yu Minliang Chairman 0
14,305 14,305
of the board
Yang Weimin Vice Chairman 497,339 497,339 0
trading on
Xu Zurong Vice Chairman 746,720 777,720 31,000 secondary
market
Zhang Director 0 0 0
Xiaoqiang CEO
Executive Director and the
Lu
person in charge of financial 0 0 0
Zhenggang function
Xue Jianmin Director 0 0 0
Zhang Independent Director
0 0 0
Guangsheng
Xu Jianxin Independent Director 0 0 0
Li Zhiqiang Independent Director 0 0 0
Chief
Zan Lin 0 0 0
Supervisor
Chen JunJin Supervisor 0 0 0
Wang Supervisor
10,172 10,172 0
Zhicheng
Kang Ming Supervisor 0 0 0
trading on
Yu Meng Vice president 263,170 281,970 18,800 secondary
market
Hu Min Secretary to Board 0 0 0
(II) Change of Directors, Supervisors and senior Management
During the reporting period, no change of Directors, Supervisors and senior Management was
incurred.
45
Shanghai Jin Jiang International Hotels Development Co., Ltd. 2013 Mid-year Report
VIII. Financial statements
(I) Financial statements (attached)
(II) Notes of the financial statements (attached)
IX. Document for Reference
(I) Financial statements signed and sealed by legal representative, person in charge of financial
function, person in charge of the financial department;
(II) All the formal files and original announcements disclosed in Shanghai Securities News and
Ta Kung Pao during the reporting period.
Chairman of the Board: Yu Minliang
Shanghai Jin Jiang International Hotels Development Co., Ltd.
27 August 2013
46
De Shi Bao (Yue) Zi (13) No.R0029
[Translation]
REVIEWERS' REPORT
TO THE SHAREHOLDERS OF SHANGHAI JIN JIANG INTERNATIONAL HOTELS DEVELOPMENT CO.,
LTD.:
We have reviewed the accompanying financial statements of Shanghai Jin Jiang International Hotels Development
Co., Ltd. (“the Company”), which comprise the companys and consolidated balance sheets as at 30 June 2013, and the
companys and consolidated income statements, the companys and consolidated statements of changes in shareholders
equity and the companys and consolidated cash flow statements for the period then ended, and the notes to the financial
statements. Preparation of these financial statements is managements responsibility. Our responsibility is to issue review
report based on our review.
We conducted our review in accordance with Chinese Certified Public Accountants Review Standards
No.2101-Review of financial statements. Those standards require that we plan and perform the review to obtain
limited assurance as to whether the financial statements are free from material misstatement. Review is mainly
confined to inquiry the company staff and conduct analytical procedures, which the extent of assurance is lower than
the audit. We didn't conduct audit and didn't express an audit opinion.
In accordance with our review, We didn't notice any matter which makes us believe that the financial
statements of the Company have not been prepared in accordance with Accounting Standards for Business
Enterprise in all material respect and not present fairly the companys and consolidated financial position as of 30
June 2013, and the companys and consolidated results of operations and cash flows for the period then ended.
Deloitte Touche Tohmatsu CPA LLP Chinese Certified Public Accountant
Shanghai, China
Tang Lianjiong
Ni Min
27 August 2013
The auditors’ report and the accompanying financial statements are English translations of the Chinese auditors’ report and
statutory financial statements prepared under accounting principles and practices generally accepted in the People’s Republic
of China. These financial statements are not intended to present the financial position and results of operations and cash
flows in accordance with accounting principles and practices generally accepted in other countries and jurisdictions. In
case the English version does not conform to the Chinese version, the Chinese version prevails.
47
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
AT 30 JUNE 2013
CONSOLIDATED BALANCE SHEET
UNIT: RMB
Item Note 2013/6/30 2012/12/31 Item Note 2013/6/30 2012/12/31
Current Assets: Current Libilities:
Currency funds (V)1 464,475,655.57 751,746,245.14 Short-term borrowings (V)18 1,100,000,000.00 -
Held-for-trading Held-for-trading financial
- - - -
financial assets liabilities
Notes receivable - - Notes payable - -
Accounts receivable (V)2 83,724,201.75 50,282,126.38 Accounts payable (V)19 832,229,888.20 400,533,427.22
Advances to suppliers (V)3 41,047,685.10 47,529,871.40 Advances from customers (V)20 144,659,787.92 156,577,071.73
Interest receivable Employee benefits (V)21
1,588,115.11 2,193,260.34 120,432,438.86 120,182,458.89
payable
Dividends receivable (V)4 109,856,044.44 - Taxes payable (V)22 82,729,726.72 79,918,214.20
Other receivables (V)5 61,172,282.29 51,051,177.42 Interest payable (V)23 1,026,423.35 -
Inventories (V)6 34,762,137.64 30,318,949.55 Dividends payable (V)24 2,166,909.03 305,520.26
Non-current assets
- - Other payables (V)25 206,901,535.60 149,308,627.99
due within one year
Non-current liabilities due
Other current assets (V)7 3,659,878.29 1,636,178.51 (V)26 251,692.55 448,496.32
within one year
Total current assets 800,286,000.19 934,757,808.74 Other current liabilities -
Total current liabilities 2,490,398,402.23 907,273,816.61
Non-current Assets: Non-current Liabilities:
Available-for-sale (V)8
923,806,899.78 1,150,338,438.54 Long-term borrowings - -
financial assets
Held-to-maturity
- - Bonds payable - -
investments
Long-term receivables - - Long-term payables (V)27 6,790,537.00 6,689,506.92
Long-term equity (V)9
159,962,212.03 235,181,122.39 Special payables - -
investments
Investment properties - Foreseeable liabilities - -
Fixed assets (V)10 2,562,988,444.17 1,145,685,724.82 Deferred tax liabilities (V)15 270,606,460.27 210,037,306.99
Construction in (V)11 Other non-current (V)28
622,462,122.23 344,042,695.44 6,521,328.62 2,920,400.84
progress liabilities
Total non-current
Construction materials - - 283,918,325.89 219,647,214.75
liabilities
Fixed and held for
- - TOTAL LIABILITIES 2,774,316,728.12 1,126,921,031.36
disposal
(V)12 SHAREHOLDERS'
Intangible assets 254,851,547.47 258,022,731.77
EQUITY:
Development (V)29
- Share capital 603,240,740.00 603,240,740.00
expenditure
Goodwill (V)13 91,957,221.06 40,171,417.85 Less: Treasury shares
Long-term prepaid (V)14 (V)30
1,309,974,669.41 1,235,118,999.61 2,123,599,214.49 2,282,473,041.43
expenses Capital reserve
Deferred tax assets (V)15 79,253,303.03 68,853,991.59 Surplus reserve (V)31 482,301,658.50 482,301,658.50
Other non-current (V)32
(V)16 40,357,450.46 - Unappropriated profits 823,254,946.29 878,396,483.97
assets
Translation differences
arising on translation of
Total non-current
6,045,613,869.64 4,477,415,122.01 financial statements - -
assets
denominated in foreign
currencies
Total shareholders' equity
attributable to the parent 4,032,396,559.28 4,246,411,923.90
company
Minority interests (V)33 39,186,582.43 38,839,975.49
TOTAL
SHAREHOLDERS' 4,071,583,141.71 4,285,251,899.39
EQUITY
TOTAL LIABILITIES
AND
TOTAL ASSETS 6,845,899,869.83 5,412,172,930.75 6,845,899,869.83 5,412,172,930.75
SHAREHOLDERS'
EQUITY
The accompanying notes form part of the financial statements.
Legal Representative: Yu Minliang
Chief Financial Officer: Lu Zhenggang
Person in Charge of the Accounting Body: Wu Lin
48
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
AT 30 JUNE 2013
COMPANY'S BALANCE SHEET
UNIT: RMB
Item Note 2013/6/30 2012/12/31 Item Note 2013/6/30 2012/12/31
Current Assets： Current Liabilities:
Short-term
(XIII)1 103,063,301.23 237,931,536.21 (XIII)15 1,163,000,000.00 -
Currency funds borrowings
Held-for-trading Held-for-trading
- - - -
financial assets financial liabilities
Notes receivable - - Notes payable - -
Accounts receivable (XIII)2 7,784,245.38 1,678,956.74 Accounts payable 17,255,364.36 16,375,122.44
Advances from
Advances to suppliers 1,508,942.52 980,457.81 5,745,564.65 5,797,918.30
customers
Employee benefits
Interest receivable 1,465,527.76 1,415,965.00 (XIII)16 19,784,075.13 21,760,282.23
payable
Dividends receivable (XIII)3 209,857,338.22 145,564.50 Taxes payable (XIII)17 23,882,552.09 25,864,224.78
Other receivables (XIII)4 677,454,153.59 22,510,009.97 Interest payable 1,068,841.67 -
Inventories (XIII)5 2,933,787.77 751,869.11 Dividends payable 331,909.03 305,520.26
Non-current assets
- - Other payables (XIII)18 195,999,806.89 74,842,723.19
due within one year
Non-current
Other current assets (XIII)6 370,353,714.87 485,305,458.01 liabilities due within - -
one year
Other current
1,374,421,011.34 750,719,817.35 - -
Total current assets liabilities
Total current
1,427,068,113.82 144,945,791.20
liabilities
Non-current
Non-current Assets:
Liabilities:
Available-for-sale Long-term
920,099,769.54 1,146,066,770.70 - -
financial assets borrowings
Held-to-maturity
- - Bonds payable - -
investments
Long-term
(XIII)7 10,328,000.00 10,328,000.00 Long-term payables - -
receivables
Long-term equity
(XIII)8 3,158,584,554.06 2,497,787,397.47 Special payables - -
investments
Foreseeable
- - - -
Investment properties liabilities
Deferred tax
(XIII)9 54,841,051.33 32,267,439.74 (XIII)13 147,124,168.72 199,446,924.86
Fixed assets liabilities
Construction in Other non-current
(XIII)10 570,056.25 18,814,692.24 - -
progress liabilities
Construction Total non-current
- - 147,124,168.72 199,446,924.86
materials liabilities
Fixed and held for TOTAL
- - 1,574,192,282.54 344,392,716.06
disposal LIABILITIES
SHAREHOLDERS
(XIII)11 63,452,896.30 64,787,089.18
Intangible assets ' EQUITY:
Development
- - Share capital 603,240,740.00 603,240,740.00
expenditure
Less: Treasury
- -
Goodwill shares
Long-term prepaid (XIII)19
(XIII)12 10,600,344.41 11,131,259.68 Capital reserve 2,506,997,060.67 2,665,447,484.41
expenses
Deferred tax assets - - Surplus reserve 482,301,658.50 482,301,658.50
Other non-current Unappropriated
- - 426,165,941.52 436,519,867.39
assets profits
TOTAL
Total non-current 4,218,476,671.89 3,781,182,649.01 SHAREHOLDERS 4,018,705,400.69 4,187,509,750.30
assets ' EQUITY
TOTAL
LIABILITIES
TOTAL ASSETS 5,592,897,683.23 4,531,902,466.36 AND 5,592,897,683.23 4,531,902,466.36
SHAREHOLDERS
' EQUITY
Legal Representative: Yu Minliang
Chief Financial Officer: Lu Zhenggang
Person in Charge of the Accounting Body: Wu Lin
49
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
CONSOLIDATED INCOME STATEMENT
UNIT: RMB
Period ended Period ended
Item Note
2013/6/30 2012/6/30
I. Operating income (V)34 1,203,320,942.20 1,112,975,201.54
II. Total Operating costs (V)34,35 140,776,538.36 129,901,099.42
Business taxes and levies (V)36 66,336,805.57 62,042,252.62
Selling and distribution expenses (V)35 627,252,519.90 571,288,426.97
Administrative expenses (V)35 250,682,952.35 227,374,397.03
Financial expenses (V)37 3,390,346.98 4,639,859.36
Impairment losses in respect of assets (V)39 - 4,433,011.03
Add: Profit arising from changes in fair value - -
Investment income (V)40 80,599,168.47 158,810,225.05
Including: Investment income from investment in (34,714,083.48) 24,189,520.51
associates and jointly controlled
entities
III .Operating profit 195,480,947.51 272,106,380.16
Add: Non-operating income (V)41 21,323,238.44 11,203,823.36
Less: Non-operating expenses (V)42 864,480.86 4,195,355.82
Including: Losses from disposal of non-current assets 208,904.66 3,258,421.16
IV. Total profit 215,939,705.09 279,114,847.70
Less: Income tax expenses (V)43 46,054,002.03 54,330,083.23
V. Net profit 169,885,703.06 224,784,764.47
Net profit attributable to the parent company 168,057,536.12 224,766,986.23
Including: Net profit of the party being absorbed
before the combination date in a business
- -
combination involving entities under common
control
Profit or loss attributable to minority interests (V)44 1,828,166.94 17,778.24
VI. Earnings per share: (V)45
(I) Basic earnings per share 0.2786 0.3726
(II) Diluted earnings per share N/A N/A
VII. Other comprehensive income (losses) (V)46 (158,873,826.94) 140,146,980.72
VIII. Comprehensive income 11,011,876.12 364,931,745.19
Comprehensive income attributable to 9,183,709.18 364,913,966.95
shareholders of the parent
Comprehensive income attributable to minority 1,828,166.94 17,778.24
interests
Legal Representative: Yu Minliang
Chief Financial Officer: Lu Zhenggang
Person in Charge of the Accounting Body: Wu Lin
50
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
COMPANY'S INCOME STATEMENT
UNIT: RMB
Period ended Period ended
Item Note
2013/6/30 2012/6/30
I. Operating income (XIII)20 73,365,482.88 39,370,659.37
Less: Operating costs (XIII)20,21 12,238,566.91 5,068,281.46
Business taxes and levies 4,056,017.81 2,106,679.19
Selling and distribution expenses (XIII)21 49,160,181.10 21,028,558.34
Administrative expenses (XIII)21 29,452,900.33 18,706,665.00
Financial expenses (642,985.02) 172,052.88
Impairment losses in respect of assets - -
Add: Profit arising from changes in fair value - -
Investment income (XIII)22 239,291,682.73 259,308,012.49
Including: Investment income from investment in (31,128,231.49) 28,493,832.85
associates and jointly controlled entities
II. Operating profit 218,392,484.48 251,596,434.99
Add: Non-operating income (XIII)23 49,483.19 14,031.56
Less: Non-operating expenses 176,591.50 897,399.02
Including: Losses from disposal of non-current assets 591.50 897,399.02
III. Total profit 218,265,376.17 250,713,067.53
Less: Income tax expenses 5,420,228.24 18,200,399.60
IV. Net profit 212,845,147.93 232,512,667.93
VI. Other comprehensive income (losses) (158,450,423.74) 140,471,589.84
VII. Comprehensive income (losses) 54,394,724.19 372,984,257.77
Legal Representative: Yu Minliang
Chief Financial Officer: Lu Zhenggang
Person in Charge of the Accounting Body: Wu Lin
51
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
CONSOLIDATED CASH FLOW STATEMENT
UNIT: RMB
Period ended Period ended
Item Note
2013/6/30 2012/6/30
I. Cash flows from operating activities:
Cash receipts from the sale of goods and the rendering of
1,168,343,610.14 1,118,518,696.69
services
Proceeds from disposal of held-for-trading financial assets - -
Receipts of taxes refund - -
Other cash receipts relating to operating activities (V)47(1) 27,451,920.91 17,156,818.43
Sub-total of cash inflows 1,195,795,531.05 1,135,675,515.12
Cash payments for goods purchased and services received 244,674,065.71 249,983,398.50
Cash payments to and on behalf of employees 309,310,036.30 264,334,821.67
Payments of taxes 127,699,473.95 122,350,509.79
Other cash payment relating to operating activities (V)47(2) 225,327,867.22 219,102,941.17
Sub-total of cash outflows 907,011,443.18 855,771,671.13
Net cash flows from operating activities 288,784,087.87 279,903,843.99
II. Cash flows from investing activities:
Cash receipts from disposal of investments 54,768,415.38 104,192,354.56
Cash receipts from returns on investments 12,837,240.45 49,841,910.03
Net cash receipts from disposal of fixed assets, intangible assets
1,806,960.76 1,177,702.19
and other long-term assets
Cash receipts relating to other investing activities - -
Sub-total of cash inflows 69,412,616.59 155,211,966.78
Net cash payments to acquisition and disposals of subsidiaries
(V)47(3) 628,084,937.71 -
and other business Units
Cash payments to acquire fixed assets, intangible assets and
212,218,627.15 159,875,128.11
other long-term assets
Cash payments to acquire investments 6,943,851.94 11,000,000.00
Cash payments to acquire minority interests - 46,918,775.94
Cash payments relating to other investing activities - -
Sub-total of cash outflows 847,247,416.80 217,793,904.05
Net cash flows from investing activities (777,834,800.21) (62,581,937.27)
III. Cash flows from financing activities:
Cash receipts from capital contributions 4,500,000.00 -
Including: Cash receipts from capital contributions by minority
shareholders of subsidiaries 4,500,000.00 -
Cash receipts from borrowings (V)47(4) 1,100,000,000.00 -
Cash receipts from issuing of debentures - -
Cash receipts relating to other financing activities - -
Sub-total of cash inflows 1,104,500,000.00 -
Cash repayments of borrowings (V)47(5) 675,000,000.00 4,500,000.00
Cash payments for interest expenses and distribution of
dividends or profits 227,536,545.23 220,529,207.84
Including: Cash payments to minority shareholders for
distribution of dividends or profits 5,981,560.00 2,635,000.00
Cash payments relating to other financing activities 183,332.00 274,998.00
Sub-total of cash outflows 902,719,877.23 225,304,205.84
Net cash flows from financing activities 201,780,122.77 (225,304,205.84)
IV. Effect of foreign exchange rate changes on cash and cash
equivalents - -
V. Net increase in cash and cash equivalents (287,270,589.57) (7,982,299.12)
Add: Opening balance of cash and cash equivalents (V)48(2) 751,746,245.14 593,770,377.96
VI. Closing balance of cash and cash equivalents (V)48(2) 464,475,655.57 585,788,078.84
Legal Representative: Yu Minliang
Chief Financial Officer: Lu Zhenggang
Person in Charge of the Accounting Body: Wu Lin
52
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
COMPANY'S INCOME STATEMENT
UNIT: RMB
Period ended Period ended
Item Note
2013/6/30 2012/6/30
I. Cash flows from operating activities:
Cash receipts from the sale of goods and the rendering of 67,952,625.81 38,508,711.31
services
Receipts of taxes refund - -
Other cash receipts relating to operating activities 80,686,515.46 14,010,705.83
Sub-total of cash inflows 148,639,141.27 52,519,417.14
Cash payments for goods purchased and services received 18,343,237.99 9,017,464.35
Cash payments to and on behalf of employees 38,824,089.99 24,293,215.89
Payments of taxes 16,044,292.65 2,388,329.98
Other cash payment relating to operating activities 47,177,815.20 18,566,939.22
Sub-total of cash outflows 120,389,435.83 54,265,949.44
Net cash flows from operating activities 28,249,705.44 (1,746,532.30)
I. Cash flows from investing activities:
Cash receipts from disposal of investments 469,768,415.38 629,192,354.58
Cash receipts from returns on investments 68,088,173.44 106,116,999.83
Net cash receipts from disposal of fixed assets, intangible
- 120,470.00
assets and other long-term assets
Cash receipts from replacement and affiliated transactions - -
Cash receipts relating to other investing activities - -
Sub-total of cash inflows 537,856,588.82 735,429,824.41
Net cash payments to acquisition and disposals of subsidiaries
639,000,000.00 -
and other business Units
Cash payments to acquire fixed assets, intangible assets and
13,237,835.20 6,512,510.65
other long-term assets
Cash payments to acquire investments 353,029,009.01 515,000,000.00
Cash payments relating to other investing activities (XIII)24 635,535,000.00 -
Sub-total of cash outflows 1,640,801,844.21 521,512,510.65
Net cash flows from investing activities (1,102,945,255.39) 213,917,313.76
II. Cash flows from financing activities:
Cash receipts from capital contributions - -
Cash receipts from borrowings (XIII)24 1,163,000,000.00 -
Cash receipts relating to other financing activities - -
Sub-total of cash inflows 1,163,000,000.00 -
Cash repayments of borrowings - -
Cash payments for interest expenses and distribution of 223,172,685.03 217,140,990.84
dividends or profits
Cash payments relating to other financing activities - -
Sub-total of cash outflows 223,172,685.03 217,140,990.84
Net cash flows from financing activities 939,827,314.97 (217,140,990.84)
III. Effect of foreign exchange rate changes on cash and cash - -
equivalents
IV. Net increase in cash and cash equivalents (134,868,234.98) (4,970,209.38)
Add: Opening balance of cash and cash equivalents (XIII)27 237,931,536.21 93,279,799.42
V. Closing balance of cash and cash equivalents (XIII)27 103,063,301.23 88,309,590.04
Legal Representative: Yu Minliang
Chief Financial Officer: Lu Zhenggang
Person in Charge of the Accounting Body: Wu Lin
53
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
UNIT: RMB
Period ended 2013/6/30 Period ended 2012/6/30
Item Attributable to equity holders of the parent Total Attributable to equity holders of the parent Total
Minority Minority
Share Capital Surplus Unappropri shareholders Share Capital Surplus Unappropria shareholders'
interests interests
capital reserve reserve ated profits ' equity capital reserve reserve ted profits equity
I: Openning balances 603,240,740.00 2,282,473,041.43 482,301,658.50 878,396,483.97 38,839,975.49 4,285,251,899.39 603,240,740.00 2,137,083,446.08 482,301,658.50 726,406,089.09 81,859,645.64 4,030,891,579.31
II. Changes for the year - (158,873,826.94) - (55,141,537.68) 346,606.94 (213,668,757.68) - 118,114,235.48 - 7,600,319.83 (45,503,252.46) 80,211,302.85
(I) Net profit - - - 168,057,536.12 1,828,166.94 169,885,703.06 - - - 224,766,986.23 17,778.24 224,784,764.47
(II)Other comprehensive income
(losses) - (158,873,826.94) - - - (158,873,826.94) - 140,146,980.72 - - - 140,146,980.72
Subtotal of (I) and (II) - (158,873,826.94) - 168,057,536.12 1,828,166.94 11,011,876.12 - 140,146,980.72 - 224,766,986.23 17,778.24 364,931,745.19
(III) Owner's contributions and
- - - - 4,500,000.00 4,500,000.00 - (22,032,745.24) - - (42,886,030.70) (64,918,775.94)
reduction in capital
1.Capital contribution from owners - - - - 4,500,000.00 4,500,000.00 - - - - - -
2.Acqiure Minority interests - - - - - - - (22,032,745.24) - - (42,886,030.70) (64,918,775.94)
(IV) Profit distribution - - - (223,199,073.80) (5,981,560.00) (229,180,633.80) - - - (217,166,666.40) (2,635,000.00) (219,801,666.40)
1. Transfer to surplus reserve - - - - - - - - - - - -
2. Distribution to shareholders - - - (223,199,073.80) (5,981,560.00) (229,180,633.80) - - - (217,166,666.40) (2,635,000.00) (219,801,666.40)
(V) Transfer within shareholders'
equity
- - - - - - - - - - - -
(VI) Special reserve - - - - - - - - - - - -
(VII) Others - - - - - - - - - - - -
III. Closing balances 603,240,740.00 2,123,599,214.49 482,301,658.50 823,254,946.29 39,186,582.43 4,071,583,141.71 603,240,740.00 2,255,197,681.56 482,301,658.50 734,006,408.92 36,356,393.18 4,111,102,882.16
54
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
COMPANY'S STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
Unit: RMB
Period ended 2013/6/30 Period ended 2012/6/30
Item
Surplus Unappropriate Total shares' Surplus Unappropriate Total shares'
Share capital Capital reserve Share capital Capital reserve
reserve d profits equity reserve d profits equity
I: Openning balances 603,240,740.00 2,665,447,484.41 482,301,658.50 436,519,867.39 4,187,509,750.30 603,240,740.00 2,497,267,722.54 482,301,658.50 398,133,653.47 3,980,943,774.51
II. Changes for the year - (158,450,423.74) - (10,353,925.87) (168,804,349.61) - 140,471,589.84 - 15,346,001.53 155,817,591.37
(I) Net profit - - - 212,845,147.93 212,845,147.93 - - - 232,512,667.93 232,512,667.93
(II)Other comprehensive income
(losses) - (158,450,423.74) - - (158,450,423.74) - 140,471,589.84 - - 140,471,589.84
Subtotal of (I) and (II) - (158,450,423.74) - 212,845,147.93 54,394,724.19 - 140,471,589.84 - 232,512,667.93 372,984,257.77
(III) Owner's contributions and
reduction in capital - - - - - - - - - -
(IV) Profit distribution - - - (223,199,073.80) (223,199,073.80) - - - (217,166,666.40) (217,166,666.40)
1. Transfer to surplus reserve - - - - - - - - - -
2. Distribution to shareholders - - - (223,199,073.80) (223,199,073.80) - - - (217,166,666.40) (217,166,666.40)
(V) Transfer within shareholders'
equity - - - - - - - - - -
(VI) Special reserve - - - - - - - - - -
(VII) Others - - - - - - - - - -
III. Closing balances 603,240,740.00 2,506,997,060.67 482,301,658.50 426,165,941.52 4,018,705,400.69 603,240,740.00 2,637,739,312.38 482,301,658.50 413,479,655.00 4,136,761,365.88
55
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
I. GENERAL
Shanghai Jin Jiang International Hotels Development Co., Ltd. (the "Company") is a limited company
incorporated in Shanghai, the People's Republic of China (the "PRC"), on 9 June 1993 as a joint stock limited
company. The Company and its subsidiaries ("together, the Group") are principally engaged in operation and
management of limited service hotels and food and cuisine.
The company holds a business license with which registration number is "Qi Gu Hu Zong Zi No. 019036". The
legal representative is Yu Minliang.
In June 1993, the Company was established by private placing with total share capital of RMB 235,641,500.
In December 1994, the Company issued 100,000,000 domestically-listed foreign shares (B shares) of RMB 1
per share at premium with the issue price of USD 0.35 per share. On 15 December 1994, these shares
commenced listing in Shanghai Stock Exchange and the share capital of the Company accordingly increased to
RMB 335,641,500.
In September 1996, the Company issued public offering of 19,000,000 domestically-listed RMB ordinary shares
(A share) of RMB 1 per share at premium with the issue price of RMB 4.90. On October 1996, these A shares,
together with 6,000,000 staff owned shares, commenced listing in Shanghai Stock Exchange and the share
capital of the Company accordingly increased to RMB 354,641,500.
In July 1997, the Company capitalized its capital surplus into share capital on a 10:2 proportion, resulting in the
increase of share capital to RMB 425,569,800.
In July 1998, the Company prorated 2 bonus shares for every 10 shares to all shareholders and capitalized its
capital surplus into share capital on a 10:1 proportion, resulting in the increase of share capital to RMB
553,240,740.
In January 2001, upon the approval of China Securities Regulatory Commission, the Company issued additional
offering of 50,000,000 domestically-listed RMB ordinary shares (A shares) of RMB 1 per share at premium
with the issue price of RMB 10.80. The Additional offering commenced listing in Shanghai Stock Exchange
started from 19 January 2001 and the share capital of the Company accordingly increased to RMB 603,240,740.
On 23 January 2006, the share merger reform was carried out. The unlisted A share shareholders of the
Company transferred to public A shareholders registered in the book as at the registration date of equity
shares(19 January 2006)3.1 shares for every 10 listed shares. In accordance with the share merger reform
program, 49,009,806 of non-tradable floating shares were listed on 23 January 2007, 10,065,610 of non-tradable
floating shares were listed on 21 March 2007, 30,162,037 of non-tradable floating shares were listed on 23
January 2008 and 229,151,687 of non-tradable floating shares were listed on 23 January 2008. As at 23 January
2009, all shares held by the shareholders formerly holding the unlisted shares were listed.
As at 31 Dec 2012, the total share capital of the Company was RMB 603,240,740. Jin Jiang Hotels Group
effectively held 303,533,935 unrestricted tradable shares of the Company, representing 50.32% of the total share
capital and was the parent company of the Company. Jin Jiang International (Holdings) Co., Ltd. ("Jin Jiang
International") was the parent company of Jin Jiang Hotels Group and the ultimate holding company of the
Company.
The shareholding structure of the Company is stated in note (V) 29.
On 27 August 2013, Board of Directors of the Company authorized these financial statements for issuance.
56
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES
1. Basis of preparation of financial statements
These financial statements have been prepared in accordance with the Basic Standard and 38 specific standards
of the Accounting Standards for Business Enterprises issued by the Ministry of Finance on 15 February 2006.
As at 30 June 2013, the Group had total current liabilities in excess of total current assets of RMB
1,690,112,402.04 (as at 31 December 2013, total current liabilities in excess of total current assets of RMB
27,483,992.13), and the Company had total current liabilities in excess of total current assets of RMB
52,647,102.48 (as at 31 December 2013, total current liabilities in excess of total current assets of RMB
605,774,026.15). During the reporting period, the Company acquired 100% equity interest of Smartel Hotel
Management Co., Ltd.(Smartel hotel), and obtained a loan provided by Jin Jiang International through the bund
branch of ICBC. The total amount of the loan is RMB 1,100,000,000, and the due date is 24 December 2013
(extension for no more than 6 months). Meanwhile the Company will adopt several workable financing methods
so as to maintain the Group's ability to continue as a going concern. On 25 June 2013, the Company held the
first extraordinary general meeting 2013 considered and adopted the proposal of issuing the 5-year corporate
bonds which was approved by China Securities Regulatory Commission on 16 August 2013. Jin Jiang Hotels
Group, the Company's parent company, has agreed to provide all necessary financial support to the Group to
assure of repaying the debts mature in the next 6 months. The financial statements have been prepared on a
going concern basis.
Basis of accounting and principle of measurement
The Group has adopted the accrual basis of accounting. Except for certain financial instruments which are
measured at fair value, the Group has adopted the historical cost as the principle of measurement of the financial
statements. Where assets are impaired, provisions for asset impairment are made in accordance with relevant
requirements.
2. Statement of compliance with the accounting standards for business enterprises
The financial statements of the Company have been prepared in accordance with the Accounting Standards for
Business Enterprises ("new CASs") issued by the Ministry of Finance on 15 February 2006, and present truly
and completely, the Company's and Consolidated financial position as of 30 June 2013, and the Company's and
Consolidated results of operations and cash flows for the period then ended.
3. Accounting period
The Group has adopted the calendar year as its accounting year, i.e. from 1 January to 31 December. The current
reporting period was from 1 January to 30 June, 2013.
4. Functional currency
Renminbi ("RMB") is the currency of the primary economic environment in which the Group operates. The
functional currency of the Group is RMB. RMB is used as reporting currency to prepare the financial
statements.
5. Business combinations under common control and under non common control
Business combinations are classified into business combinations involving enterprises under common control
and business combinations not involving enterprises under common control.
57
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES– continued
5. Business combinations under common control and under non common control– continued
5.1 A business combination involving enterprises under common control
A business combination involving enterprises under common control is a business combination in which all of
the combining enterprises are ultimately controlled by the same party or parties both before and after the
combination, and that control is not transitory.
Assets and liabilities that are obtained by the absorbing party in a business combination are measured at their
carrying amounts at the combination date as recorded by the party being absorbed. The difference between the
carrying amount of the net assets obtained and the carrying amount of the consideration paid for the
combination (or the aggregate face value of shares issued as consideration) is adjusted to capital premium in
capital reserve. If the capital premium in capital reserve is not sufficient to absorb the difference, any excess is
adjusted against retained earnings.
Costs incurred by the absorbing party that are directly attributable to the combination are charged to profit or
loss in the period in which they are incurred.
5.2 A business combination not involving enterprises under common control and goodwill
A business combination not involving enterprises under common control is a business combination in which all
of the combining enterprises are not ultimately controlled by the same party or parties before and after the
combination.
For a business combination not involving enterprises under common control, the cost of combination is the
aggregate of the fair values, at the acquisition date, of the assets given, liabilities incurred or assumed, and
equity securities issued by the acquirer in exchange for control of the acquire. In a business combination not
involving enterprises under common control, the audit fee, legal service fee and appraisal consulting fee and
other administration fee etc. by acquirer should be recorded in profit or loss of current period when occurred;
the transaction fee in issuance of equity bond or debenture as consolidation consideration should be recorded as
initial cost of equity bond or debenture. For a business combination achieved in stages that involves multiple
exchange transactions, the cost of combination is the aggregate of the fair values of the costs of individual
transactions. In consolidation financial statements, the equity investment in acquiree before acquisition date
should be re-measured at fair value at acquisition date, the difference between the fair value and the carrying
amount should be recognised in profit or loss for current period. Other comprehensive income related to the
equity investment in acquiree before acquisition date should be transferred to profit or loss for current period.
The acquiree's identifiable assets, liabilities and contingent liabilities that satisfy the recognition criteria, which
are acquired in a business combination not involving enterprises under common control, are measured at their
fair value at the acquisition date. Where the cost of combination exceeds the acquirer's interest in the fair value
of the acquiree's identifiable net assets, the difference is recognised as goodwill. Where the cost of combination
is less than the acquirer's interest in the fair value of the acquiree's identifiable net assets, the difference is
accounted for as follows: firstly, the acquirer reassesses the measurement of the fair values of the acquiree's
identifiable assets, liabilities and contingent liabilities and measurement of the cost of combination; then, if after
that reassessment, the cost of combination is still less than the acquirer's interest in the fair value of the
acquiree's identifiable net assets, the acquirer recognises the remaining difference immediately in profit or loss
for the current period.
Goodwill arising in a business combination should be presented separately in the consolidated financial
statements, and the carrying amount of which being recognized as the cost deducted accumulated impairment.
Goodwill is reviewed for impairment at least annually.
58
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES– continued
5. Business combinations under common control and under non common control– continued
For the purpose of impairment testing, goodwill is considered together with the related asset group or sets of
asset groups. Namely, the carrying amount of goodwill, from the acquisition date, is allocated on a reasonable
basis to each related asset group; if it is not possible to allocate to the related asset groups, it is allocated to each
of the related sets of asset groups. When the recoverable amount of an asset group or a set of asset groups is less
than its carrying amount, an impairment loss is recognised accordingly. The amount of impairment loss first
reduces the carrying amount of any goodwill allocated to the asset group or set of asset groups, and then reduces
the carrying amount of other assets (other than goodwill) within the asset group or set of asset groups, pro rata
on the basis of the carrying amount of each asset.
The recoverable amount of an asset is the higher of its fair value less costs of disposal and the present value of
the future cash flows expected to be derived from the asset. An asset's fair value is the price in a sale agreement
in an arm's length transaction. If there is no sale agreement but an asset is traded in an active market, fair value
is the current bid price. If there is no sale agreement or active market for an asset, fair value is based on the best
information available. Costs of disposal include legal costs related to the disposal of the asset, related taxes,
costs of removing the asset and direct costs to bring the asset into condition for its sale.The fair value of an asset
is determined in accordance with its estimated future cash receipts through the expected life and the final
disposal of the financial asset.The estimated future cash flows are discounted to their present value using a
appropriate discount rate
Once an impairment loss on goodwill is recognised, it is not reversed in a subsequent period.
5. Preparation of consolidated financial statements
The scope of consolidated financial statements is determined on the basis of control. Control is the power to
govern the financial and operating policies of an enterprise so as to obtain benefits from its operating activities.
For a subsidiary already disposed of, its operating results and cash flows before the disposal date are
appropriately included in the consolidated income statement and the consolidated cash flow statement
Where a subsidiary has been acquired through a business combination not involving enterprises under common
control, the subsidiary's operating results and cash flows after the acquisition date are appropriately included in
the consolidated income statement and the consolidated cash flow statement, and no adjustments are made to
the opening balance and comparative figures of the consolidated financial statements.
Where a subsidiary has been acquired through a business combination involving enterprises under common
control, the subsidiary's operating results and cash flows from the beginning of the reporting period to the
combination date are appropriately included in the consolidated income statement and the consolidated cash
flow statement, no matter the combination occurs at which date of the reporting period.
Major accounting policies and accounting periods adopted by the subsidiary(ies) are defined according to the
standardised accounting policies and accounting periods established by the Company.
All significant intra-group accounts and transactions between the Company and its subsidiaries or between
subsidiaries are eliminated on consolidation.
The portion of a subsidiary's equity that is not attributable to the parent is treated as minority interest and
presented as "minority interest" in the consolidated balance sheet within owners' equity. The portion of net
profits or losses of subsidiaries for the period attributable to minority interest is presented in the consolidated
income statement below the "net profit" line item as "minority interest".
59
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
5. Business combinations under common control and under non common control– continued
In consolidation financial statements, when the losses for current period attributed to minority shareholder of
subsidiary exceed the share proportion of the minority shareholder in opening balance of shareholders' equity, the
difference should be deducted to minority interests.
When the parent doesnt lose control over investee by disposing part of equity investment in the investee or acquires
equity from the minority shareholders, the the accounting measurement should be as an equity method and the
shareholders' equity attributable to the parent company and minority interests should be adjusted in order to
reflect the changes of the interests of its subsidiaries. The difference between the adjustment of the minority
interests and the cash received/payed for the fair value should be recognized in capital reserve; then, if the
capital reserve is not sufficient, the acquirer recognises the remaining difference in retained earnings.
When the parent loses control over investee by disposing part of equity investment in the investee or other reasons,
remaining part of the equity investment should be re-measured at fair value at the date when losing control over
the investee. The cash received in disposal of the equity investment and the fair value of remaining part of the
equity investment, deducting net assets proportion calculated by original share percentage since the acquisition
date should be recorded in profit or loss for current period of disposal. Other comprehensive income related to
the equity investment in acquiree before disposal date should be transferred to profit or loss for current period of
disposal.
7. Cash and cash equivalents
Cash comprises cash on hand and deposits that can be readily withdrawn on demand. Cash equivalents are
short-term, highly liquid investments that are readily convertible to known amounts of cash and which are
subject to an insignificant risk of change in value.
8. Translation of transactions denominated in foreign currencies
On initial recognition, foreign currency transactions are translated by applying the spot exchange rate at the
dates of the transactions.
At the balance sheet date, foreign currency monetary items are translated to RMB using the spot exchange rate
at that date. Exchange differences arising from the differences between the spot exchange rate prevailing at the
balance sheet date and those spot rates used on initial recognition or at the previous balance sheet date are
recognised in profit or loss for the current period, except for those attributable to foreign currency borrowings
that have been taken out specifically for the acquisition, or construction of qualifying assets, which are
capitalized as part of the cost of those assets during the capitalization period.
Foreign currency non-monetary items carried at historical cost continue to be measured at the amounts in
functional currency translated using the spot exchange rates at the dates of the transactions.
Cash flows of foreign currency are translated at the exchange rates at the dates of the cash flows. The effect of
changes in exchange rates on cash and cash equivalents is presented separately as a reconciling item in the cash
flow statement.
The opening balances and prior year's figures are presented according to the translated amounts of the prior
year.
60
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
9. Financial instruments
Financial assets and financial liabilities are recognised on trade date when the Group becomes a party of a
financial instruments contract.Financial assets and financial liabilities are initially measured at fair value. For
those financial assets and liabilities classified as at fair value through profit or loss (FVTPL), related transaction
costs are recognized directly in profit or loss; for the other kinds of financial assets and liabilities, they are
initially measured at fair value, plus related transaction costs.
9.1 The method to determine the fair value of financial instruments
The "fair value" refers to the amount, at which both parties to a transaction who are familiar with the condition
exchange their assets or clear off their debts under fair conditions. As for the financial assets or financial
liabilities for which there is an active market, the quoted prices in the active market shall be used to determine
the fair values thereof. The quoted prices in the active market refer to the prices, which are easily available from
the stock exchanges, brokers, industry associations, pricing service institutions and etc. at a fixed term, and
which represent the prices at which actually occurred market transactions are made under fair conditions. Where
there is no active market for a financial instrument, the enterprise concerned shall adopt value appraisal
techniques to determine its fair value. The value appraisal techniques mainly include the prices adopted by the
parties, who are familiar with the condition, in the latest market transaction upon their own free will, the current
fair value obtained by referring to other financial instruments of the same essential nature, the cash flow
capitalization method and the option pricing model, etc.
9.2 The effective interest method
The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating
interest income over the relevant period. The effective interest rate is the rate that exactly discounts the
estimated future cash receipts (including all fees on points paid or received that form an integral part of the
effective interest rate, transaction costs and other premiums or discounts) through the expected life of the debt
instrument, or (where appropriate) a shorter period, to the net carrying amount on initial recognition.
When calculating the effective interest rate, the Group estimates future cash flows of a financial asset or
financial liability under the basis of the contractual terms(without considering the future credit losses), as well
as the related cost,transaction fees and discount or premium of the receivements or payements included in the
effective interest rate by each party.
9.3 Classification, recognition and measurement of financial assets
On initial recognition, financial assets are classified into the following categories: financial assets at fair value
through profit or loss (FVTPL), held-to-maturity investments, loans and receivables and available-for-sale
(AFS) financial assets.All regular way purchase or sales of financial assets are recognised and derecognised on
a settlement date basis.
Financial assets held by the Group comprise mainly receivables and available-for-sale financial assets.
9.3.1. Loans and Receivables
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not
quoted in an active market. The accounts receivable, interest receivables, dividends receivable and other
receivable are included in this category.
Loans and receivables are subsequently measured at amortised cost using the effective interest method. Gains or
losses arising from derecognition, impairment or amortisation are recognized in profit or loss for the current
period. The effective interest method is a method of calculating the amortised cost of a financial asset or a
financial liability (or group of financial assets or financial liabilities) and of allocating the interest income or
interest expense over the relevant period, using the effective interest rate.
61
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
9. Financial instruments– continued
9.3.2. AFS financial assets
AFS financial assets are those non-derivative financial assets that are designated as available-for-sale or are not
classified as (1) financial assets at FVTPL, (2) loans and receivables, and (3) held-to-maturity investments.
Available-for-sale financial assets are included in other current assets in the balance sheet if they will be
disposed within 12 months of the balance sheet date.
AFS financial assets are subsequently measured at fair value. Gain or losses arising from changes in fair value
(other than impairment losses and foreign exchange gain and losses resulted from foreign currency monetary
assets which are recognised in profit or loss for the current period) are recognised directly in shareholders'
equity, and are reversed and recognised in profit or loss for the period when such financial assets are
derecognized.
Interest received during the period in which the Group holds the AFS financial assets and cash dividends
declared by the investee are recognised as investment income.
9.4 Impairment of financial assets
The Group assesses the carrying amount of financial assets, other than those at FVTPL, at each balance sheet
date. If there is objective evidence that financial assets are impaired the Group determines the amount of any
impairment loss.A objective evidence measns that, after the initial recognize of a financial asset, items occured
and surely have influence on estimated future cash flows of the relevant financial asset, and a reliable estimate
can be made of the amount of the influence.
Objective evidence that a financial asset is impaired includes evidence arising from the following events:
(1) Significant financial difficulty of the issuer or obligor;
(2) A breach of contract, such as a default or delinquency in interest or principal payments;
(3) The lender, for economic or legal reasons relating to the borrowers financial difficulty, granting to the
borrower a concession that the lender would not otherwise consider;
(4) It becoming probable that the borrower will enter bankruptcy or other financial reorganization;
(5) The disappearance of an active market for that financial asset because of financial difficulties;
(6) Observable data indicating that there is a measureable decrease in the estimated future cash flows from a
group of financial assets since the initial recognition of those assets, although the decrease cannot yet be
identified with the individual financial assets in the group, including:
- Adverse changes in the payment status of borrowers in the group;
- National or local economic conditions that correlate with defaults on the assets in the group
(7) Significant changes with an adverse effect that have taken place in the technological, market, economic
or legal environment in which the issuer operates, and indicates that the cost of the investment in the
equity instrument may not be recovered;
(8) A significant or prolonged decline in the fair value of an investment in an equity instrument below its cost
(9) Others
- Impairment of financial assets carried at amortised cost
The carrying amount of financial assets carried at amortised cost is reduced to the present value of estimated
future cash flows, with the reduced amount recognised as impairment losses and charged to profit or loss for the
current period. If, after the recognition of impairment losses, the carrying amount of financial assets increases
and the increase can be related objectively to an event occurring after the impairment was recognised, the
previously recognised impairment losses are reversed through profit or loss to the extent that the carrying
amount of the financial assets at the date the impairment is reversed does not exceed what the amortised cost
would have been had the impairment not been recognised.
62
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
9. Financial instruments– continued
Financial assets that are individually significant are subject to separate impairment assessment; financial assets
that are not significant are individually evaluated for impairment, or evaluated for impairment grouped on the
basis of similarity and relevance of credit risk characteristics. Those financial assets that have been individually
evaluated for impairment and found not to be impaired are grouped on the basis of similarity and relevance of
credit risk characteristics and be re-evaluated for impairment.Those found to be impaired are not grouped on the
basis of similarity and relevance of credit risk characteristics and be re-evaluated for impairment.
- Impairment of AFS financial assets
Where AFS financial assets are impaired, accumulated losses due to decreases in fair value previously
recognised directly in capital reserve are reversed and charged to profit or loss for the current period. The
reversed accumulated losses are the asset's initial acquisition costs after deducting amounts recovered and
amortised, current fair value and impairment losses previously recognised in profit or loss.
If, in a subsequent period, the carrying amount of financial assets increases and the increase can be related
objectively to an event occurring after the impairment was recognised, the previously recognised impairment
losses are reversed. The reversal of impairment losses of AFS equity instruments is recognised in equity, and the
impairment losses of AFS debt instruments are recognised in profit or loss for the current period.
9.7 Derecognition of financial liabilities
The Group derecognises a financial liability (or part of it) only when the underlying present obligation (or part
of it) is discharged. An agreement between the Group (an existing borrower) and an existing lender to replace
the original financial liability with a new financial liability with substantially different terms is accounted for as
an extinguishment of the original financial liability and the recognition of a new financial liability.
When the Group derecognises a financial liability or a part of it, the Group recognises the difference between
the carrying amount of the financial liability (or part of the financial liability) derecognised and the
consideration aid (including any non-cash assets transferred or new financial liabilities assumed) in profit or
loss for the period.
9.8 Offsetting a financial asset and a financial liability
Financial assets and financial liabilities are presented separately in the balance sheet and are not offset. However,
a financial asset and a financial liability is offset and the net amount presented in the balance sheet when both of
the following conditions are satisfied: (1) the Group has a legal right to set off the recognised amounts and the
legal right is currently enforceable; and (2) the Group intends either to settle on a net basis, or to realise the
financial asset and settle the financial liability simultaneously.
9.9 Equity instruments
An equity instrument is any contract that evidences a residual interest in the assets of the Group after deducting
all of its liabilities. The consideration received from issuing equity instruments, net of transaction costs, is added
to owners equity.
All types of distributions made by the Group to holders of equity instruments (excluding stock dividends) are
deducted from owners equity. The Group does not recognise changes in the fair value of equity instruments.
63
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
10. Accounts receivable
10.1 Individually significant receivables that are individually evaluated for impairment
Determining basis or the standard The Group recognises accounts receivable of over RMB5,000,000
amount of individually significant as individually significant receivables.
receivables
Receivables that are individually significant are subject to separate
impairment assessment, if there is objective evidence that the
Measurement of the provision for
Group will not be able to collect the full amounts according to the
impairment of individually significant
original terms, a provision for impairment of the receivable is
receivables that are individually
established. The provision for impairment of the receivable is
evaluated for impairment
established at the difference between the carrying amount of the
receivable and the present value of estimated future cash flow.
10.2 Receivables being grouped evaluated for impairment
Determining basis of receivables being Receivables that are not individually significant together with
grouped evaluated for impairment those receivables that have been individually evaluated for
impairment and found not to be impaired are grouped on the basis
of similarity and relevance of credit risk characteristics. The credit
risks normally reflect debtors' capabilities of contractual
repayment for all due receivables, as well as the future cash flow
of the assets inspected.
Group 1 The receivables of limited service hotels operation and
management business.
10.2 Receivables being grouped evaluated for impairment– continued
Recognition of the provision for impairment of the receivable being grouped evaluated for impairment
Group 1 Aging analysis
The ratios of bad debt provion being provided by aging analysis are as below:
Aging Ratio of bad debt provision (%)
Within 3 months -
3-6 months 0.50
6 months-1year 25.00
After 1 year 100.00
Except for above trade receivables, other receivabless provisions for impairment are provided individually.
64
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
11. Inventories
11.1 Classification of inventories
The Group's inventories include raw materials, finished goods, goods in stock and materials for overside
processing, and are measured at the lower of cost and net realisable value. The cost of finished goods comprises
raw materials, direct labor and related production overhead expenditures based on normal operating capacity.
11.2 The measurement of inventories issued
Cost of sales is determined using the first-in; first-out ("FIFO") method and weighted average method.
11.3 Recongnition of the net realisable value and measurement of provision for decline in value of inventories
At the balance sheet date, inventories are measured at the lower of cost and net realisable value. If the cost of
inventories is higher than the net realisable value, a provision for decline in value of inventories is recognised.
Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of
completion and the estimated costs necessary to make the sale and relevant taxes. The Group determines the net
realisable value of inventories based on solid evidence obtained and after taking into consideration the purpose
for which the inventory is held, and the effect of events occurring after the balance sheet date.
For inventories, the excess of cost over the net realisable value is generally recognised as provision for decline
in value of inventories on an item-by-item basis.
After provision for decline in value of inventories has been made, if the circumstances that previously caused
inventories to be written down no longer exist which results in the net realisable value is higher than the
carrying amount, the amount of the write-down is reversed in profit or loss for the current period; the reversal is
limited to the amount originally provided for the decline in value of inventories.
11.4 The stock count system for inventories
The perpetual inventory system is adopted for stock count.
11.5 Amortization methods of low-value consumables and packaging materials
Reusable materials are materials that will transfer their values gradually through multiple usages without
changing their original shapes while they are not recognized as fixed assets, including packaging materials and
low-value consumables.
Low-value consumables are written off in full when issued for use. Significant amount of low value
consumables used in the commencement of hotels are amortized within 12 months after issue.
65
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
12. Long-term equity investments
12.1Recognition of initial investment cost
For a long-term equity investment acquired through a business combination involving enterprises under
common control, the initial investment cost of the long-term equity investment is the absorbing party's share of
the carrying amount of the shareholders' equity of the party being absorbed at the date of combination. For a
long-term equity investment acquired through business combination not involving enterprises under common
control, the initial investment cost of the long-term equity investment acquired is the cost of acquisition. The
long-term equity investment acquired through means other than a business combination is initially measured at
its cost.
12.2 Subsequent measurement and recognition of profit and loss
12.2.1. A long-term equity investment accounted for using the cost method
Where the Group does not have joint control or significant influence over the investee, the investment is not
quoted in an active market and its fair value cannot be reliably measured, a long-term equity investment is
accounted for using the cost method. In addition, the company uses the cost method to account the long-term
equity investments in subsidiaries. Subsidiaries are the investee that the Group can exercise control over.
Under the cost method, a long-term equity investment is measured at initial investment cost. Cash dividends or
distributions received other than the actual purchase price paid and cash dividends or distributions declared but
not yet paid by the investee at the acquisition date are recognized as investment income.
12.2.2 A long-term equity investment accounted for using the equity method
Long-term equity investments in jointly controlled entities and in associates are accounted for using the equity
method. The Group has joint control in a jointly controlled entity and has significant influence over an
associated entity.
Under the equity method, where the initial investment cost of a long-term equity investment exceeds the
Group's interest in the fair values of the investee's identifiable net assets at the acquisition date, no adjustment is
made to the initial investment cost.Where the initial investment cost is less than the Group's interest in the fair
values of the investee's identifiable net assets at the acquisition date, the difference is charged to profit or loss
for the current period, and the cost of the long-term equity investment is adjusted accordingly.
66
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
12. Long-term equity investments– continued
12.2 Subsequent measurement and recognition of profit and loss– continued
12.2.2 A long-term equity investment accounted for using the equity method– continued
Under the equity method, investment income or loss represents the Group's share of the net profits or losses
made by the investee for the current period. The Group recognises its share of the investee's net profits or losses
based on the fair values of the investee's individual separately identifiable assets at the acquisition date, after
making appropriate adjustments thereto in conformity with the accounting policies and accounting periods of
the Group. For the unrealized profit or loss between the Group and an associate or joint venture, the part
belongs to the Group, calculated with ratio held by the Group, should be offset. Accordingly, the Group
recognizes investment income. But if the unrealized loss is related with an impairment of the assets transferred
between the Group and the investee, according to the Accounting Standards for Business Enterprises
No.8-Impairment of Assets, the loss cannot be offset. For any changes in shareholders' equity other than net
profits or losses in the investee, the Group adjusts the carrying amount of the long-term equity investment and
includes the corresponding adjustment in other comprehensive income of capital reserve.
The Group's share of net losses of the investee is recognised to the extent that the carrying amount of the
long-term equity investment together with any long-term interests that in substance form part of the investor's
net investment in the investee are reduced to zero. If the Group has to assume additional obligations, the
estimated obligation assumed is provided for and charged to the profit or loss as investment loss for the period.
Where the investee records profits in subsequent periods, the Group resumes recognising its share of profits
after setting off profits against the unrecognised share of losses.
For long-term equity investments in associates and joint ventures held before 1 January 2007, on which the new
Accounting Standards for Enterprise implemented formally, the amount of straight-line amortization of a debit
balance of equity differences associated with the investment should be recognised in profit or loss for the period
according to the original remaining period.
12.2.3 Disposal of long-term equity investments
On disposal of a long term equity investment, the difference between the proceeds actually received and
receivable and the carrying amount is recognised in profit or loss for the period. For a long-term equity
investment accounted for using the equity method, the amount included in the [owners’ /shareholders'] equity
attributable to the percentage interest disposed is transferred to profit or loss for the period.
12.3 Basis for determining joint control and significant influence over investee
Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its
activities. Joint control is the contractually agreed sharing of control over an economic activity, and exists only
when the strategic financial and operating policy decisions relating to the activity require the unanimous consent
of the parties sharing control. Significant influence is the power to participate in the financial and operating
policy decisions of the investee but is not control or joint control over those policies. When determining whether
an investing enterprise is able to exercise control or significant influence over an investee, the effect of potential
voting rights of the investee (for example, warrants and convertible debts) held by the investing enterprises or
other parties that are currently exercisable or convertible shall be considered.
12.4 Methods of impairment assessment and determining the provision for impairment loss
The Group reviews the long-term equity investments at each balance sheet date to determine whether there is
any indication that they have suffered an impairment loss. If an impairment indication exists, the recoverable
amount is estimated. If such recoverable amount is less than its carrying amount, a provision for impairment
losses in respect of the deficit is recognised in profit or loss for the period.
Once an impairment loss is recognised for a long-term equity investment, it will not be reversed in any
subsequent period.
67
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
13. Fixed assets
13.1 Recognition criteria for fixed assets
Fixed assets are tangible assets that are held for use in the production or supply of goods or services, for rental
to others, or for administrative purposes, and have useful lives of more than one accounting year. A fixed asset
is recognised only when it is probable that economic benefits associated with the asset will flow to the Group
and the cost of the asset can be measured reliably. Fixed assets are initially measured at cost.
Subsequent expenditures incurred for the fixed asset are included in the cost of the fixed asset and if it is
probable that economic benefits associated with the asset will flow to the Group and the subsequent
expenditures can be measured reliably. Meanwhile the carrying amount of the replaced part is derecognised.
Other subsequent expenditures are recognised in profit or loss in the period in which they are incurred.
13.2 Depreciation methods
Depreciation is provided to write off the cost of each category of fixed assets after deducting their estimated
residual values over their estimated useful lives from the month after they are brought to working condition for
the intended use, using the straight-line method .For the fixed assets being provided for impairment loss, the
related depreciation charge is prospectively determined based upon the adjusted carrying amounts over their
remaining useful lives.
The useful lives, estimated net residual values rates and annual depreciation rates of each class of fixed assets
are as follows:
Annual
Useful life Residual
Category of fixed assets depreciation rates
(years) value(%)
(%)
Buildings 20-40 5-10 2.25-4.75
Equipment 3-15 5-10 6.00-31.67
Motor vehicles 4-10 5-10 9.00-23.75
Renovation expenditure 5 0 20.00
Estimated net residual value of a fixed asset is the estimated amount that the Group would currently obtain from
disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in
the condition expected at the end of its useful life.
13.3 Impairment of fixed assets
The Group assesses at each balance sheet date whether there is any indication that fixed assets may be impaired.
If there is any indication that an asset may be impaired, the recoverable amount is estimated for the individual
asset. If it is not possible to estimate the recoverable amount of the individual asset, the Group determines the
recoverable amount of the asset group to which the asset belongs. If the recoverable amount of an asset is less
than its carrying amount, the difference is recognised as an impairment loss and charged to profit or loss for the
current period.
Once any impairment loss on fixed assets is recognised, it is not reversed in a subsequent period.
68
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
13. Fixed assets- continued
13.4 Recognition and measurement of fixed assets leased under finance leases
A finance lease is a lease that transfers in substance all the risks and rewards incidental to ownership of an asset.
Title may or may not eventually be transferred. The leased asset is recorded at the amount equal to the lower of
the fair value of the leased asset and the present value of the minimum lease payments. Consistent depreciation
policies are adopted to finance leased fixed assets. Leased fixed assets are depreciated over the estimated useful
lives when it is reasonably determined that the ownership of the asset will be obtained after the lease term is
over. Otherwise, the leased assets are depreciated over the shorter period between the lease term and the
estimated useful lives of the assets.
13.5 Others
The Group reviews the useful life and estimated net residual value of a fixed asset and the depreciation method
applied at least at each financial year-end. A change in the useful life or estimated net residual value of a fixed
asset or the depreciation method used is accounted for as a change in an accounting estimate.
A fixed asset is derecognized on disposal or when no future economic benefits are expected from its use or
disposal. When a fixed asset is sold, transferred, retired or damaged, the Group recognises the amount of any
proceeds on disposal of the asset net of the carrying amount and related taxes in profit or loss for the current
period.
14. Construction in progress
Cost of construction in progress is determined as the expenditure actually incurred for the construction,
comprising all expenditure incurred for construction projects, borrowing costs that are eligible for capitalization
and other costs necessary to bring the fixed assets ready for their intended use. . Construction in progress is
reclassified as fixed assets when it has reached working condition for its intended use and depreciation begins
from the following month.
The Group assesses at each balance sheet date whether there is any indication that construction in progress may
be impaired. If there is any indication that an asset may be impaired, the recoverable amount is estimated for the
individual asset. If it is not possible to estimate the recoverable amount of the individual asset, the Group
determines the recoverable amount of the asset group to which the asset belongs. If the recoverable amount of
an asset is less than its carrying amount, the difference is recognised as an impairment loss and charged to profit
or loss for the current period.
Once any loss of asset impairment is recognised, it is not reversed in a subsequent period.
69
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
15. Borrowing costs
For borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying
asset, capitalisation of such borrowing costs can commence only when all of the following conditions are
satisfied: (1) expenditures for the asset are being incurred; (2) borrowing costs are being incurred; and (3)
activities relating to the acquisition, construction or production of the asset that are necessary to prepare the
asset for its intended use or sale have commenced. Capitalisation of such borrowing costs ceases when the
qualifying assets being acquired, constructed or produced become ready for their intended use or sale.
Capitalisation of borrowing costs is suspended during periods in which the acquisition, construction or
production of a qualifying asset is interrupted abnormally and when the interruption is for a continuous period
of more than 3 months, until the acquisition, construction or production is resumed.The amount of other
borrowing costs incurred is recognised as an expense in the period in which they are incurred.
Where funds are borrowed under a specific-purpose borrowing, the amount of interest to be capitalised is the
actual interest expense incurred on that borrowing for the period less any bank interest earned from depositing
the borrowed funds before being used on the asset or any investment income on the temporary investment of
those funds. Where funds are borrowed under general-purpose borrowings, the amount of interest to be
capitalised on such borrowings is determined by applying a capitalisation rate to the weighted average of the
excess amounts of cumulative expenditure on the asset over and above the amounts of specific-purpose
borrowings. The capitalisation rate is the weighted average of the interest rates applicable to the general-purpose
borrowings.
16. Intangible assets
16.1 Intangible assets
An intangible asset is an identifiable non-monetary asset without physical substance owned or controlled by the
Group.
An intangible asset is initially measured at cost. The expenditures incurred on an intangible asset is recognised
as cost of the intangible asset only if: 1) it is probable that economic benefits associated with the asset will flow
to the Group; and 2) the cost of the asset can be measured reliably. Other expenditures on an intangible asset
that fail to meet the recognition criteria are charged to profit or loss when incurred.
An intangible asset with a finite useful life is amortised using the straight-line method over its useful life when
the asset is available for use. An intangible asset with an indefinite useful life is not amortised.
For an intangible asset with a finite useful life, the Group reviews the useful life and amortisation method at
least at each financial year-end and makes changes if necessary.
16.2 Impairment of intangible assets
The Group assesses at each balance sheet date whether there is any indication that intangible assets with finite
useful life may be impaired. If there is any indication that an asset may be impaired, the recoverable amount is
estimated for the individual asset. If it is not possible to estimate the recoverable amount of the individual asset,
the Group determines the recoverable amount of the asset group to which the asset belongs. If the recoverable
amount of an asset is less than its carrying amount, the difference is recognised as an impairment loss and
charged to profit or loss for the current period.
An intangible asset with an indefinite useful life or an intangible asset that is yet to be available for use is tested
for impairment annually, irrespective of whether there is any indication that the asset may be impaired.
Once any loss of asset impairment is recognized, it is not revesed in a subsequent period
70
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
17. Long-term prepayment
Long-term prepayments are various expenditures incurred but that should be allocated over the current and
future periods of more than one year. Long-term prepayments are evenly amortised over the respective
beneficial period.
The estimated beneficial periods and annual amortization rate are as follows:
Categories of long-term Annual amortization
Estimated beneficial periods
prepayment rate (%)
The shorter period among the lease term, -
Leasehold improvement
useful period and the operating period.
Leasehold decoration 5 20.00
Others Lease term under contract -
18. Provisions
At the balance sheet date, a provision is measured at the best estimate of the expenditure required to settle the
related present obligation, taking into account the factors pertaining to a contingency such as the risks,
uncertainties and time value of money. Where the effect of the time value of money is material, the best estimate
is determined by discounting the related future cash outflows.
19. Revenue
19.1 Revenue from the sale of goods
Revenue is recognised when the Group has delivered products to the location specified in the sales contracts and
the distributor has confirmed the acceptance of the products. The Company remains no effective control over
the goods after the consignment and the economic benefits associated with the transaction will flow to the
Group, the relevant revenue can be reliably measured and specific revenue recognisation criteria have been met.
19.2 Revenue arising from the rendering of services
Revenue for the Group's provision of hotel accommodation services to external parties is recognized when the
services are rendered and the right of collect service charge is obtained.
Amounts received or receivable from business rendering service with awards points granted to customers
should be allocated between revenue from the service and fair value of awards points. Cash received or amounts
receivable less the fair value of awards points is recognized as revenue, the fair value of awards points is
recognized as deferred income.
When customers exchange awards points, the Group recognised amounts previously recorded as deferred
income as revenue calculated upon the basis of percentage of amounts exchanged to amounts expected to be
exchanged.
19.3 Income from initial fee
Income from initial fee is recognized on an accrual basis in accordance with relevant contracts or agreements.
19.4 Income from central booking system
Income from central booking system is recognized on an accrual basis in accordance with relevant contracts or
agreements.
71
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
19. Revenue– continued
19.5 Membership income
Membership income is recognised on a straight-line basis over the beneficial period of the members.
19.6 Interest income
The amount of interest income is determined according to the length of time for which the Group's monetary
funds are used by others and the effective interest rate.
20. Operating costs and expenses
The Group is principally engaged in operation and management of limited service hotel and food and cuisine.
Operating costs comprise mainly cost of hotel supplier sold and cost of food consumed. Employee benefits,
utility cost and consumables, depreciation and amortization charges, operating leases, as well as repairs and
maintenance are included in selling expense and administrative expense.
21. Government grant
Government grants are the transfer of monetary assets or non-monetary assets from the Government to the
Group at no consideration excluding capital contribution from the Government as an owner of the Group to the
Group. Government grants are recognized when the enterprise complies with the conditions for the government
grant and the enterprise can receive the government grant.
If a government grant is in the form of a transfer of a monetary asset, the item is measured at the amount
received or receivable.If a government grant is in the form of a transfer of a non-monetary asset, the item is
measured as deferred revenue.
A government grant related to an asset is recognised as deferred income, and evenly amortised to profit or loss
over the useful life of the related asset.
For a government grant related to income, if the grant is a compensation for related expenses or losses to be
incurred in subsequent periods, the grant is recognised as deferred income, and recognised in profit or loss over
the periods in which the related costs are recognised; if the grant is a compensation for related expenses or
losses already incurred, the grant is recognised immediately in profit or loss for the current period.
22. Income tax
Income tax expense comprises current tax expense and deferred tax expense.
22.1. Current income taxes
At the balance sheet date, current income tax liabilities (or assets) for the current and prior periods are measured
at the amount expected to be paid (or recovered) according to the requirements of tax laws. Taxable profits,
which are the basis for calculating the current tax expense, are determined after adjusting the accounting profits
before tax for the year in accordance with relevant requirements of tax laws.
72
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
22. Income tax– continued
22.2. Deferred tax assets and deferred tax liabilities
Temporary differences arising from the difference between the carrying amount of an asset or liability and its
tax base, or the difference between the tax base and the carrying amount of those items that are not recognised
as assets or liabilities but have a tax base that can be determined according to tax laws, are recognised as
deferred tax assets and deferred tax liabilities using the balance sheet liability method.
Under normal circumstances, all temporary differences can be recognized as relevant deferred tax assets and
deferred tax liabilities. But for deductible temporary differences, the Group recognises the corresponding
deferred tax asset to the extent that it is probable that taxable profits will be available against which the
deductible temporary differences can be utilized. The Group recognises a deferred tax asset for the carryforward
of deductible losses and tax credits to subsequent periods, to the extent that it is probable that future taxable
profits will be available against which the deductible losses and tax credits can be utilised. In addition, deferred
tax liabilities are not recognised for taxable temporary differences related to (1) the initial recognition of
goodwill; and (2) the initial recognition of an asset or liability in a transaction which is neither a business
combination nor affects accounting profit or taxable profit (or deductible loss) at the time of the transaction.
For taxable temporary differences associated with investments in subsidiaries, associates and joint ventures,
unless the Group is able to control the timing of the reversal of the temporary difference and it is probable that
the temporary difference will not reverse in the foreseeable future, the Group does not recognise the
corresponding deferred tax liability.The Group does not recognise the corresponding deferred tax asset for
deductible temporary differences associated with investments in subsidiaries, associates and joint ventures,
except when both of the following conditions are satisfied: (1) it is probable that the temporary difference will
be reversed in the foreseeable future; and (2) it is probable that taxable profits will be available in the future,
against which the temporary difference can be utilised. At the balance sheet date, deferred tax assets and
deferred tax liabilities are measured at the tax rates that are expected to apply to the period when the asset is
realised or the liability is settled, according to the requirements of tax laws.
Current tax expense (current tax income) and deferred tax expense (deferred tax income) are included in profit
or loss for the current period, except for: (1) current tax and deferred tax related to transactions or events that
are directly recognised in owners' equity or other comprehensive income, which are recognised directly in
owners' equity or other comprehensive income; (2) deferred tax arising from a business combination, which is
adjusted against the carrying amount of goodwill.
At the balance sheet date, the Group reviews the carrying amount of a deferred tax asset. If it is probable that
sufficient taxable profits will not be available in future periods to allow the benefit of the deferred tax asset to be
utilised, the carrying amount of the deferred tax asset is reduced. Any such reduction in amount is reversed
when it becomes probable that sufficient taxable profits will be available.
Current tax assets and liabilities are offset when: (1)The Group has a legally enforceable right to offset current
tax assets against current tax liabilities; and (2)the Group intends either to settle current tax liabilities and assets
on a net basis, or to realize the assets and settle the liabilities simultaneously.
Deferred tax assets and liabilities are offset when the deferred tax assets and the deferred tax liabilities relate to
income taxes levied by the same taxation authority on: (1) the same taxable entity; or (2) different taxable
entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and
settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities
or assets are expected to be settled or recovered.
73
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES – continued
23. Leases
A finance lease is a lease that transfers in substance all the risks and rewards incidental to ownership of an asset.
Title may or may not eventually be transferred. An operating lease is a lease other than a finance lease.
23.1. Recording of operating leases by the Group as lessee
Lease payments under an operating lease are recognised on a straight-line basis over the lease term. Initial direct
costs are charged to profit or loss for the current period. Contingent rents are charged to profit or los in the
period in which they are actually incurred.
23.2. Recording of operating leases by the Group as lessor
Lease income from operating leases is recognised in profit or loss on a straight-line basis over the lease term.
Significant initial direct cost are capitalised when incurred and charged to profit or loss for the responding
period according to the same basis for rental income recognition. Other insignificant initial direct costs are
charged to profit or loss for the period in which they are incurred. Contingent rents are credited to profit or loss
in the period in which they actually arise
23.3. Recording of finance leases by the Group as lessee
At the commencement of the lease term, the Group records the leased asset at an amount equal to the lower of
the fair value of the leased asset and the present value of the minimum lease payments, each determined at the
inception of the lease, and recognises a long-term payable at an amount equal to the minimum lease payments.
The difference between the recorded amount of the leased asset and the recorded amount of the payable is
accounted for as unrecognized finance charge. Initial direct costs that are attributable to the leased item during
the process of negotiating and securing the lease agreement are added to the amount recognised for the leased
asset. The net amount of long-term payables under finance leases less unrecognised finance charges is separated
into long-term liabilities and the portion of long-term liabilities due within one year for presentation.
Unrecognised finance charges are allocated to each period during the lease term; finance charges for the current
period are recognised using the effective interest method. Contingent rents are charged to profit or loss in the
period in which they are actually incurred.
24. Employee benefits
In the accounting period in which an employee has rendered services, the Group recognises the employee
benefits for those services as a liability excepet the compensation due to the termination of the employment
relationship with employees.
Expenditures related to payments for employees' social welfare system established by the state, including
pensions, medical insurance, housing funds and other social welfare contributions, are included in the cost of
related assets or profit or loss for the period in which they are incurred.
When the Group terminates the employment relationship with employees before the end of the employment
contracts or provides compensation as an offer to encourage employees to accept voluntary redundancy, if the
Group has a formal plan for termination of employment relationship or has made an offer for voluntary
redundancy which will be implemented immediately, and at the same time the Group cannot unilaterally
withdraw from the termination plan or the redundancy offer, a provision is recognised for the compensation
arising from termination of employment relationship with employees, with a corresponding charge to the profit
or loss for the current period.
An internal retirement plan is accounted for using the same principles as described above. Salaries and social
insurance contributions to be paid to the internally retired employees by the Group during the period from the
date when the employee ceases to provide services to the normal retirement date are recognised in profit or loss
for the period when the recognition criteria for provisions are met (termination benefits).
25. Dividend distribution
Cash dividend is recognized as a liability in the Group's financial statements in the period in which the
dividends are approved by the shareholders' general meeting.
74
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
26. Changes in accounting policies
During the reporting period, there were no significant changes in accounting policies.
27. Basis of determining significant accounting policies and key assumptions and uncertainties in
accounting estimates
The Group continuously evaluates the critical accounting estimates and key judgments applied based on
historical experience and other factors, including expectations of future events that are believed to be reasonable
under the circumstances.
Critical accounting estimated and judgments
The critical accounting estimates and key assumptions that have a significant risk of causing a material
adjustment to the carrying amount of assets and liabilities within the next financial year are outlined as below:
27.1 Estimated useful lives and residual values of fixed assets
The Group's management determines the estimated useful lives and residual values for its fixed assets. This
estimate is based on the historical experience of the actual useful lives and residual lives of fixed assets of
similar nature and functions. It could change significantly as a result of changes in economic environment,
technical innovations and other conditions. The management will adjust the estimations where the actual useful
lives and residual values are different from estimated useful lives and residual values.
27.2 Estimated beneficial periods of leasehold improvement and decoration
The Group operates numbers of hotels with rental properties, and makes payments to leasehold improvement
and decoration of the hotels. Based on the historical experience and available information, the leasehold
improvement is amortized within shorter period among useful lives,lease terms and expected beneficial
periods,;and leasehold decoration is amortized within 5 years. The management of the Group will revise the
expectation where the estimated beneficial period of leasehold improvement and decoration is different from the
original expectation.
27.3 Deferred income tax assets and deferred income tax liabilities
Deferred income tax assets and liabilities are determined using tax rates that are expected to apply when the
related deferred income tax assets are realized or the related deferred income tax liabilities are settled. The
expected applicable tax rate is determined based on the enacted tax laws and regulations and the actual situation
of the Group. The management of the Group will revise the expectation where the intending tax rate is different
from the original expectation.
Deferred income tax assets are recognized to the extent that it is probable that future taxable profit will be
available against which the temporary differences can be utilized. The carrying amount of deferred income tax
assets is written down when it is expected that there is not sufficient taxable profits to be obtained to utilize the
temporary differences in the coming periods.
75
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
II. PRINCIPAL ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES - continued
27 Basis of determining significant accounting policies and key assumptions and uncertainties in
accounting estimates- continued
27.4 Impairment of long-term investments, fixed assets, land useright and leasehold improvement
The Groups management assesses at each of the balance sheet date whether long-term investments, fixed assets,
land useright and leasehold improvement have any indication of impairment, in accordance with the accounting
policy stated in note (II)12, 13, 16 and 17. The recoverable amount is higher of an assets present value of
estimated future cash flows and fair value less costs to sell, which is estimated based on the best information
available to reflect the amount that is obtainable at each of the balance sheet date, from the disposal of the asset
in an arms length transaction between knowledgeable, willing parties, after deducting the costs to disposal, or
cash to be generated from continuously using the assets. The estimation is likely to be adjusted in each
impairment test.
27.5 Impairment of receivables
The Groups management estimates the provisions of impairment of accounts receivables and other receivables
by assessing their recoverability. Provisions are applied to accounts receivables and other receivables where
events or changes in circumstances indicate that the balances may not be collected and require useing estimation.
Where the expectation is different from the original estimation, such difference will have impact on carrying
value of receivables and the impairment charge.
27.6 Impairment of goodwill
The Groups management tests the provisions of impairment of goodwill by calculating the recoverability in
accordance with the present value of expected future cash flow using the internal rate of return of the event as
discount rate.
III. Taxation
1. Taxes and tax rate
Taxes Tax basis Tax rate
Value added tax Value added tax ("VAT") on sales is 13% or 17%
(General taxpayers) calculated on revenue from
principal operations and paid after
deducting input VAT on purchases
Business tax Taxable revenue 5% or 20%
Urban maintenance and construction 7%
Turnover tax
tax
Levy for Education Turnover tax 3%
Local levy for education Turnover tax 2%
Income tax Taxable income 25%
Property tax Residual value of property, rental 1.2% or 12%
income
76
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
IV. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT
1. Subsidiaries
(1) Subsidiaries set up or invested by the Group
Other items that in Equity attributable
substance form part Included to the minorities
Registered Actual capital of the investor's net Equity in used to offset the
Nature of capital paid as at year investment (RMB interest Voting consolidati Minority loss attributable to
No. Name of subsidiaries Type Registered address business (RMB'000) Principal business and operation scope end(RMB'000) '000) (%) rights(%) on interests the minorities
1 Shanghai Jin Jiang One-person No 285,West Tianmu Service Catering development and
International Catering limited Road, Shanghai 149,930 management, domestic trading 149,930 - 100.00 100.00 Yes - -
Investment Co., Ltd. company
2 Shanghai Minhang Hotel Co., Limited No.202 Lanping Road, Service Hotel and catering operation
7,688 7,688 - 100.00 100.00 Yes - -
Ltd. company Shanghai
3 Shanghai Jin Jiang Tung Lok Limited Room 207,No 999 Jinqiao Service Catering management, Chinese and
Catering Management Inc company Road, Pu Dong New 18,900 western cuisine and consultation 9,639 - 51.00 51.00 Yes 2,660,016.68 -
District, Shanghai
4 Shanghai Food and Beverage Joint stock Floor7,No200,Middle Trading Sale of food processing equipment
2,051 2,051 - 100.00 100.00 Yes - -
Serving Equipment Co., Ltd. enterprise Xizang Road, Shanghai
5 Shanghai Jinjiang Limited Room 417,No 285, Tianmu Service Catering management ,investment
International Food & Catering company Road, Shanghai 10,000 and consultation services 10,000 - 100.00 100.00 Yes - -
Management Co.,Ltd.
6 Shanghai New Asia Food Co., Limited No 1724,Huming Road, Manufact Bakery, cake, biscuit, frozen food
11,415 11,415 10,328 100.00 100.00 Yes - -
Ltd. (Note 1) company Shanghai uring
7 Shanghai New Asia Food One-person Floor2,No2,South Trading
Sales Co., Ltd. (Note 2) limited Chongmin Road, Hongkou 500 Management of sales of foods 500 - 100.00 100.00 Yes - -
company District, Shanghai
Shanghai Qihong Hotels One-person No 2221, South Qilianshan Service
Hotel management (Excluding food
8 Management Co., Ltd. limited Road, Jiading District, 500 500 - 100.00 100.00 Yes - -
manufacturing or catering
company Shanghai
One-person Service
Shanghai Jinbei Investment No 1068, Beiqing Road, Investment management, consulting
9 limited 5,000 5,000 - 100.00 100.00 Yes - -
Management Co., Ltd. Minhang District, Shanghai and industry investment
company
Shanghai Jinzhen Investment One-person Building J,Room 202,No Service
Investment management, consulting
10 Management Co., Ltd. (Note limited 1,Lane 1 Suide Road, 5,000 5,000 - 100.00 100.00 Yes - -
and industry investment
3) company PuTuo District, Shanghai
Shenyang Jinfu Hotel No 100, Dongshuncheng Service
Limited Hotel investment management,
11 Investment Management Co., Street, Shenhe District, 10,000 5,500 - 55.00 55.00 Yes 4,500,000.00 -
company consulting
Ltd. (Note 3) Shenyang
Shanghai Jinjiang Metropolo Room 1108, Building 1,No Service
One-person
Hotel Investment 9628 Hunan Road, Huinan Investment management, consulting
12 limited 50,000 50,000 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note Town, Pu Dong New and industry investment
company
3) District, Shanghai
Floor2, Room 251, Service
Shanghai Jinzhu Catering One-person
Building 1,No588,North
13 Management Co.,Ltd. (Note limited 10,000 Catering management 10,000 - 100.00 100.00 Yes - -
Zhongshan Road, Zhabei
3) company
District, Shanghai
Note 1: Subsidiaries of Shanghai Jin Jiang International Catering Investment Co., Ltd.
Note 2: Subsidiary of Shanghai New Asia Food Co., Ltd.
Note 3: Subsidiary incorporated in the current period. Please refer to Note (IV) 3(1) for details.
77
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
IV. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT- continued
1. Subsidiaries- continued
(2) Subsidiaries acquired through a business combination involving enterprises under common control
Equity
Other items that in attributable to
Actual capital substance form part Included the minorities
Registered paid as at year of the investor's net Equity in used to offset the
Nature of capital end investment (RMB interest Voting consolid Minority loss attributable
No. Name of subsidiaries Type Registered address business (RMB'000) Principal business and operation scope (RMB'000) '000) (%) rights(%) ation interests to the minorities
Hotel, catering, shopping, travel,
One-pers
Room 101~103,No 1121, Pujian Road, sale of tobacco and liquor, food
1 Jin Jiang Inn Co., Ltd. on limited Service 179,712 179,712 - 100.00 100.00 Yes - -
Pu Dong New District, Shanghai processing, package and sale, hotel
company
management and consultation
One-pers
Shanghai Jin Jiang International Room 104,No 1121, Pujian Road, Pu Investment and consultation of
2 on limited Service 1,225,000 1,225,000 - 100.00 100.00 Yes - -
Hotels Investment Co., Ltd. Dong New District, Shanghai hotels, sale of equipment of hotels
company
Hotel operation,medium-sized
One-pers
Shanghai Jin Jiang Da Hua Hotel No 914~918, Yan'an Road, Changning restaurant,lobby-drinking ,haircut,re
3 on limited Service 31,704 31,704 - 100.00 100.00 Yes - -
Co., Ltd. District, Shanghai tail of tobacco,retail of gold and
company
silver jewelry
Xi'an Jin Jiang Inn Co., Limited
4 Room 801, No 110, Jiefang Road, Xi'an Service 20,000 Hotel and catering operation 18,000 - 100.00 100.00 Yes - -
Ltd.(Note 4) company
Zhengzhou Jin Jiang Inn Co., Limited No 152,East Shangcheng Road,
5 Service 20,000 Hotel and catering operation 18,000 - 100.00 100.00 Yes - -
Ltd.(Note 4) company Zhengzhou
Tianjin Jin Jiang Inn Co., Limited No.2~98,Hebei Road, Tanggu District,
6 Service 40,000 Hotel and catering operation 31,986 - 100.00 100.00 Yes - -
Ltd.(Note 4) company Tianjin
Bairuili Comprehensive building,
Tianjin Dongqu Jin Jiang Inn Limited
7 Thirteen jing Road, East District, Service 21,000 Hotel and catering operation 21,000 - 100.00 100.00 Yes - -
Co., Ltd.( Note 4) company
Tianjin
Shenyang Songhuajie Jin Jiang Limited 135,South Wuma Road, Heping
8 Service 20,000 Hotel and catering operation 20,000 - 100.00 100.00 Yes - -
Inn Co., Ltd.( Note 4) company District, Shenyang
Zhoushan Shenjiamen Jin Jiang Limited No 2,West Donghai Road, Shenjiamen
9 Service 4,000 Hotel and catering operation 4,000 - 100.00 100.00 Yes - -
Inn Co., Ltd. (Note 4) company Street, Putuo District, Zhoushan
Tianjin JinJin Hotel Co., Ltd. Limited Business business, No 47,Xianyang
10 Service 4,000 Hotel and catering operation 4,000 - 100.00 100.00 Yes - -
(Note 4) company Road, Nankai District, Tianjin
Shanghai Jinpu Investment and Limited Building 3,No 116,Zhaogong Road,
11 Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note4) company Qingpu District, Shanghai
Nanjing HuJin Investment and Limited No 61,Shanxi Road, Gulou District,
12 Service 1,500 Hotel and catering operation 1,500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4) company Nanjing
Kunshan Jinlv Investment and Limited No 1993,East Tongfeng Road, Kunshan
13 Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4) company Development District
Changzhou Jinlv Investment and Limited Building 2,No 586,Middle Jinlin Road,
14 Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4) company Tianning District, Changzhou
Xi'an Jinlv Investment and Limited No 49,Shiyuan Road, Beilin District,
15 Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4) company Xi'an
Changchun Jin Jiang Inn Room 201,No 2279,Dajing
Limited
16 Investment and Management Road,Representative office of Anquan Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
company
Co., Ltd. (Note 4) Street,Yangguan Distrit, Changchun
Room 201,No 2279,Dajing
Changchun Jinlv Investment and Limited
17 Road,Representative office of Anquan Service 2,500 Hotel and catering operation 2,500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4) company
Street,Yangguan Distrit, Changchun
78
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
IV. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT- continued
1. Subsidiaries- continued
(2) Subsidiaries acquired through a business combination involving enterprises under common control- continued
Other items that
in substance Equity attributable
Registered Actual capital form part of the Include to the minorities
capital paid as at year investor's net Equity Voting d in used to offset the
Nature of (RMB'000 Principal business and operation end investment interest rights( consoli Minority loss attributable to
No. Name of subsidiaries Type Registered address business ) scope (RMB'000) (RMB '000) (%) %) dation interests the minorities
Zhenjiang Jingkou Jin Jiang Inn Room 205,No 149,Hejia Lane, 10,0
18 Limited company Service Hotel and catering operation 10,000 - 100.00 100.00 Yes - -
Co., Ltd. (Note 4) Zhenjiang 00
Wuhan Jinlv Investment and 3R Block,Economic and Technological
19 Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4) Development Zone, Wuhan
Jinhua Jinlv Investment,
Room 205, No.329 Yongkang Street,
20 Consultation and Management Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Jinhua
Co., Ltd.(Note 4)
No 2,Floor 6,Comprehensive building,
Shenzhen Jinlv Investment and
21 Limited company Guiyuan Road, Luohu District, Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4)
Shenzhen
Shenyang Wenhualu Jingkou Jin No 135,South Wuma Road, Heping
22 Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Jiang Inn Co., Ltd.(note 4) District, Shenyang
Fuzhou Jinlv Investment and No 110,Affiliated building, North Wuyi
23 Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4) Road, Gulou District, Fuzhou
Changzhou Jinning Hotels
No 6~102,Taolinyajing Gardon,
24 Investment and Management Co., Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Tianning District, Changzhou
Ltd. (Note 4)
Ma'anshan Jinlv Investment and No 23,Huashan Road, Huashan
25 Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4) District, Ma'anshan
Hefei Jinlv Investment and Floor 4~12,No123,Lujiang Road,
26 Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Management Co., Ltd..(Note 4) Luyang District, Hefei
First Floor,Business Building,Lantian
Huhehaote Jinlv Investment and 10,0
27 Limited company trading market, E'er'duosi Street, Saian Service Hotel and catering operation 10,000 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 4) 00
District, Huhehaote
Kunming Hujin Hotel Co., Ltd. First floor,No 95, North Guanshan
28 Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
(Note 4) Road, Kunming
Changzhou Jin Jiang Inn
No.180-1,Zhonghe west Road, District
29 Investment and Management Co., Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
Zhonglou, Changzhou
Ltd. (Note 4)
Xining Jinlv Inn Investment
No.37, Yinma Road, Chenzhong
30 and Management Co., Ltd. (Note Limited company Service 500 Hotel and catering operation 500 - 100.00 100.00 Yes - -
District, Xining
4)
Qingdao Jin Jiang Inn Hotel Co., No.38,Hangzhou Road, Sifang District, Service 20,0
31 Limited company Hotel and catering operation 20,000 - 100.00 100.00 Yes - -
Ltd.(Note 4) Qingdao 00
Shanghai Jinle Hotel Co., Ltd. One-person No 227,Hongmei Road, Minhang 4,00
32 Service Hotel and catering operation 2,080 - 100.00 100.00 Yes - -
(Note 5) limited company District, Shanghai 0
Ningbo Jinbo Hotel Co., Ltd. No 2,Delong Road, Zhongxin District, 5,00
33 Limited company Service Hotel and catering operation 5,000 - 100.00 100.00 Yes - -
(Note 5) Zhonggongmiao Town, 0
Suzhou New District Jinshi Changjiang Road, High-tech District, 10,0
34 Limited company Service Hotel and catering operation 6,000 - 60.00 60.00 Yes 5,362,104.38 -
Hotels Co., Ltd. (Note 5) Suzhou 00
Shanghai Jinhong Hotel Co., Ltd. 10,0
35 Limited company No 440,East Baoxing Road, Shanghai Service Hotel and catering operation 10,000 - 100.00 100.00 Yes - -
(Note 7) 00
79
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
IV. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT- continued
1. Subsidiaries- continued
(3) Subsidiaries acquired through a business combination involving enterprises under common control- continued
Other items that in Equity attributable
Actual capital substance form part Include to the minorities
Registered paid as at year of the investor's net Equity Voting d in used to offset the
Nature of capital end investment (RMB interest rights( consoli Minority loss attributable to
No. Name of subsidiaries Type Registered address business (RMB'000) Principal business and operation scope (RMB'000) '000) (%) %) dation interests the minorities
Wuxi Jinxi Hotel Co., Ltd. (Note Limited
36 No 40,Gongyi Road, Wuxi Service 5,000 Hotel and catering operation 5,000 - 100.00 100.00 Yes - -
7) company
Beijin Jin Jiang Inn Hotels Room 508,Yayuanbajiao
Limited
37 Investment and Management Co., Restaurant,West of Amusement Park, Service 28,000 Hotel and catering operation 28,000 - 100.00 100.00 Yes - -
company
Ltd. (Note 7) Shijinshan District, Beijing
Nanjing Jinxiu Hotel Co., Limited No550,North Zhongshan Road,
38 Service 10,000 Hotel and catering operation 6,000 - 60.00 60.00 Yes 6,947,824.72 -
Ltd.(Note 5) company Xiaguan District, Nanjing
Shanghai Jinhai Hotel Co., Limited No19,South Qingshui, Minhang
39 Service 1,000 Hotel and catering operation 700 - 70.00 70.00 Yes 1,198,560.00 -
Ltd.(Note 5) company District, Shanghai
Shanghai Jinhua Hotel Co., Ltd. Limited No 221,Pujian Road, Pu Dong New
40 Service 10,000 Hotel and catering operation 8,000 - 80.00 80.00 Yes 4,628,180.07 -
(Note 5) company District, Shanghai
Yangzhou Jinyang Hotel Co., Limited
41 No 363,Siwangting,Yangzhou Service 8,000 Hotel and catering operation 7,545 - 75.00 75.00 Yes 2,177,810.91 -
Ltd. (Note 5) company
Shanghai Dishuihu Jin Jiang Inn Limited Room 10~12,No 128,Guoyuan Road,
42 Service 20,000 Hotel and catering operation 18,000 - 100.00 100.00 Yes - -
Hotel Co., Ltd. (Note 5) company Luchao Port, Nanhui District, Shanghai
Dalian Jin Jiang Inn Hotel Co., Limited No 410,Jiefang Road, Zhongshan
43 Service 3,000 Hotel and catering operation 3,000 - 100.00 100.00 Yes - -
Ltd. (Note 5) company District, Dalian
Huai'an Jin Jiang Inn Hotel Co., Limited
44 No 61,East Jiankang Road, Huai'an Service 6,000 Hotel and catering operation 5,657 - 100.00 100.00 Yes - -
Ltd. (Note 5) company
Shanghai Jinya Hotel Co., Ltd. Limited
45 No 440,Caobao Road, Shanghai Service 18,000 Hotel and catering operation 19,864 - 100.00 100.00 Yes - -
(Note 5) company
Hangzhou Jin Jiang Inn Hotel Limited No 196,Middle Zhongshan Road,
46 Service 10,000 Hotel and catering operation 9,446 - 100.00 100.00 Yes - -
Co., Ltd. (Note 5) company Shangcheng District, Hangzhou
Chongqin Jin Jiang Inn Hotel Limited No 60,Xingsheng Road,Yangjiaping,
47 Service 18,000 Hotel and catering operation 16,513 - 100.00 100.00 Yes - -
Co., Ltd. (Note 5) company Jiulongpo District, Chongqing
Chengdu Jin Jiang Inn Hotel Co., Limited No 69,Wenwu Road, Qingyang
48 Service 10,000 Hotel and catering operation 8,746 - 100.00 100.00 Yes - -
Ltd. (Note 5) company District, Chengdu
Shanghai Jinning Hotel Co., Ltd. Limited No 4&5 building,No 546,Changning
49 Service 10,000 Hotel and catering operation 10,697 - 100.00 100.00 Yes - -
(Note 5) company Road, Changning District, Shanghai
Shanghai Jinmin Hotel Co., Ltd. Limited No 259,Wuzhong Road, Minhang
50 Service 40,000 Hotel and catering operation 38,558 - 100.00 100.00 Yes - -
(Note 5) company District, Shanghai
Nanchang Ruzilu Jin Jiang Inn Limited No 456,Chuanshan Road, West Lake
51 Service 10,000 Hotel and catering operation 10,000 - 100.00 100.00 Yes - -
Hotel Co., Ltd. (Note 5) company District, Nanchang
Nanchang South Nanjin Road Inn Limited
52 No 388, Souht Nanjin Road, Nanchang Service 10,000 Hotel and catering operation 10,000 - 100.00 100.00 Yes - -
Hotel Co., Ltd. (Note 5) company
Shenyang Jin Jiang Inn Hotel Limited No 135,South Wuma Road, Heping
53 Service 15,000 Hotel and catering operation 15,000 - 100.00 100.00 Yes - -
Co., Ltd. (Note 5) company District, Shenyang
Floor 3,Building 15, and trade Street,
Jiaxing Jin Jiang Inn Hotel Co., Limited
54 Commerce, Second phrase Chuanbo Service 8,000 Hotel and catering operation 7,821 - 100.00 100.00 Yes - -
Ltd. (Note 5) company
Lane, Jiaxing
80
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
IV. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT- continued
1. Subsidiaries- continued
(2) Subsidiaries acquired through a business combination involving enterprises under common control- continued
Other items
that in Equity
substance attributable to
form part of the minorities
Actual capital the investor's Included used to offset
Registered paid as at year net Equity Voting in the loss
Nature of capital end investment interest rights( consolidati Minority attributable to
No. Name of subsidiaries Type Registered address business (RMB'000) Principal business and operation scope (RMB'000) (RMB '000) (%) %) on interests the minorities
Zhangjiagang Jin Jiang Inn Hotel Limited No1,Guotai Road, Economic 5,000 5,000 -
55 Service Hotel and catering operation 100.00 100.00 Yes - -
Co., Ltd. (Note 5) company Development District, Zhangjiagang
Nanning Jin Jiang Inn Hotel Co., Limited Zhongding wanxiang East Building
56 Service 14,000 Hotel and catering operation 14,000 - 100.00 100.00 Yes - -
Ltd. (Note 5) company A,No141,Minzu Venue, Nanning
Shanghai Lin Qing Hotel Co., Limited No 333,Linqing Road, Yapu District,
57 Service 16,600 Hotel and catering operation - - 100.00 100.00 Yes - -
Ltd.(Note 5) company Shanghai
Shanghai Jin Feng Hotel Co., Limited No 5493,5499,Hangnan Road, Nanqiao
58 Service 4,000 Hotel and catering operation 4,000 - 100.00 100.00 Yes - -
Ltd. (Note 5) company Town,Fengxian District, Shanghai,
Tianjin Hu Jin Hotel Investment Limited Room 201,No 99 & 105,Guangrong
59 Service 18,000 Hotel and catering operation 18,000 - 100.00 100.00 Yes - -
Co., Ltd.(Note 5) company Street, Hongqiao District, Tianjin
Lasa Jin Jiang Inn Hotel Co., Limited
60 No 15,South Deji Road, Lasa Service 1,000 Hotel and catering operation 1,000 - 100.00 100.00 Yes - -
Ltd.(Note 5) company
Shanghai Yujin Hotels Limited Room 627,No 1425,Zhonghua Road, 8,605,986.3
61 Service 20,000 Hotel and catering operation 12,000 - 60.00 60.00 Yes -
Management Co., Ltd.(Note 5) company Huangpu District, Shanghai 0
Shanghai Jin Chu Catering Limited Room202,Floor 2, No.1028, Middle
62 Service 300 Hotel and catering operation 300 - 100.00 100.00 Yes - -
Management Co., Ltd. (Note 5) company Huaihai Road, Shanghai
Note 4: Subsidiaries of Hotels Investment.
Note 5: Subsidiaries of Jin Jiang Inn.
81
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
IV. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT- continued
1. Subsidiaries- continued
(3) Subsidiaries acquired through a business combination not involving enterprises under common control
Other items that in
substance form Equity attributable
part of the Included to the minorities
Registered Actual capital paid investor's net Equity in used to offset the
Name of Nature of capital Principal business and as at year investment (RMB interest Voting consolid loss attributable to
subsidiaries Type Registered address business (RMB'000) operation scope end(RMB'000) '000) (%) rights (%) ation Minority interests the minorities
Room 203,No Chinese and western
Shanghai New Asia 999,Jianqiao catering, processing of
Limited
Caféde Coral Co.,
company
District, Pu Dong Service 68,670 cooked food and 51,503 - 75 75 Yes 6,476,609.13 -
Ltd. New District, beverage and sales of
Shanghai gifts
No.459, North
Shanxi Goldmet Limited
Jianshe Road, Xiao
Hotel and catering
Inn Management company
Dian District, Service 68,333 operation 200,860 - 100 100 Yes - -
Co., Ltd. Taiyuan, Shanxi
Province
Room
1-3736,Building 3,
Smartel hotel Limited No 20, Shilong
Service 30,000
Hotel and catering
30,000 - 100 100 Yes - -
(Note) company Development Zone, operation
Mentougou District,
Beijing
Note: On 30 June 2013, The company completed equity transaction of 100% equity interest of Smartel hotel held by Tianjin Huasheng Tourism equity investment
partnership and China Wallink Holding Group Co., Ltd. Smartel hotel included in the scope of consolidated financial statements as subsidiary (refer to note(IV)2).
82
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
IV. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT- continued
2. Business combination not involving enterprises under common control
General information of Business combination not involving enterprises under common control of the group
occurred during the financial reporting period is as below:
(5) General Information：
On 14 June 2013, The Company signed "equity transfer of Smartel hotel management Co., Ltd." with China
Wallink Holding Group Co., Ltd. ("China Wallink") and Tianjin Huasheng Tourism equity investment
partnership ("Huasheng Tourism"). The company acquired 99% equity interest of Smartel hotel held by
Huasheng Tourism. The company acquired 1% equity interest of Smartel hotel held by China Wallink. The
company obtained the control of Smartel hotel after the transaction on 30 June. Smartel Hotel included in the
scope of financial statements after 30 June 2013.
Please refer to note (IV) 1(3) for the general information of Smartel Hotel.
(6) The financial information of the acquiree：
Unit: RMB
30 June 2013
(acquisition date)
Carrying value Fair value
Identifiable assets：
Currency funds 10,915,062.29 10,915,062.29
Other current asset except currency funds 23,041,969.42 23,634,440.75
Fixed assets 967,372,045.40 1,403,128,236.07
Construction in progress 341,846,496.48 360,153,045.48
Other non-current asset except Fixed assets and
45,697,378.64 45,402,887.05
Construction in progress
Subtotal 1,388,872,952.23 1,843,233,671.64
Identifiable liabilities：
Current liabilities 1,095,084,237.11 1,095,084,237.11
Long-term loan - -
Non-current liabilities except long-term loan
- 113,590,179.85
Subtotal 1,095,084,237.11 1,208,674,416.96
Total of net assets and Equity interest
attributable to the shareholders of the 293,788,715.12 634,559,254.68
company
Recognition of goodwill：
Consolidation consideration 686,345,057.89
Less: Equity interest attributable to the
634,559,254.68
shareholders of the company
Goodwill 51,785,803.21
The fair value of identifiable assets and liabilities above-mentioned was based on evaluated amount using
income approach issued by Shanghai Orient Certified appraisal Co., Ltd.
83
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
IV. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT- continued
4. Business combination not involving enterprises under common control
(7) Consolidation consideration of the company was cash payment and liability assumption. The carrying value and fair
value of the consideration paid on acquisition date as below:
Unit: RMB
Carrying value Fair value
Consolidation consideration：
Cash and cash equivalents 639,000,000.00 639,000,000.00
Liabilities recorded as other payables 47,345,057.89 47,345,057.89
Total 686,345,057.89 686,345,057.89
Note: According to the agreement of equity transfer. After acquisition date, the company still need to pay the
amount of debt which describe in consolidation consideration will be adjusted according to the final amount of
agreement and consultation between the two sides confirmed.
At the end of reporting period, the negotiation and confirmation are still in the process. The management considered
that，the amount of disclosure in the financial statements is the best estimate.
(8) The cash flows of the acquiree for the transaction process are as below:
Unit: RMB
Amount
The cash and cash equivalents as consideration 639,000,000.00
Less: Cash and cash equivalents held by the subsidiaries and branches 10,915,062.29
acquired
Cash and cash equivalents received from subsidiaries and branches 628,084,937.71
acquired
84
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
IV. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT- continued
5. Subsidiaries newly incorporated and cancelled during the financial reporting period
(3) Subsidiaries newly incorporated during the financial reporting period
Unit: RMB
Name Net assets(libiliaties) as at 31 December 2012 Net loss
Shanghai Jinzhen Investment Management Co., Ltd. 4,840,412.06 (102,768.58)
Shenyang Jinfu Hotel Investment Management Co., Ltd. 10,000,000.00 -
Shanghai Jinjiang Metropolo Hotel Investment Management Co., Ltd. 49,821,581.32 (178,418.68)
Shanghai Jinzhu Catering Management Co., Ltd. 5,420,809.71 (4,579,190.29)
(4) There is no subsidiary cancelled during the financial reporting period
85
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
1. Currency funds
Unit: RMB
2013/06/30 2012/12/31
Foreign Exchange Foreign Exchange
Item Currency rate RMB Currency rate RMB
Cash:
RMB 11,406,502.84 6,215,216.77
Cash deposit:
RMB 226,728,960.44 244,604,951.21
USD 96,541.29 6.1787 596,499.67 78,572.26 6.2855 493,865.94
Deposit in other financial
institution (note1):
RMB 225,743,692.62 500,432,211.22
Total 464,475,655.57 751,746,245.14
Note1: Deposit in other financial institution represents the amount deposited in Jin Jiang International Finance
Co., Ltd. (authorized non-bank financial institute, "Finance Company").
2. Accounts receivable
(8) Disclosure of accounts receivable by categories:
Unit: RMB
2013/06/30 2012/12/31
Book balance Bad debt provision Book balance Bad debt provision
Ratio Ratio Ratio Ratio
Item Amount (%) Amount (%) Amount (%) Amount (%)
Individually significant - - - - - - - -
accounts receivable and
bad debt provision
recognized individually
Individually insignificant
accounts receivable but
22,719,181.79 26.72 108,478.12 0.48 6,350,311.67 12.32 58,682.09 0.92
bad debt provision
recognized individually
Bad debt provision of accounts receivable recognized by groups
Accounts receivable from
limited service hotels
62,315,827.74 73.28 1,202,329.66 1.93 45,208,002.55 87.68 1,217,505.75 2.69
operation and management
business
Total 85,035,009.53 100.00 1,310,807.78 1.54 51,558,314.22 100.00 1,276,187.84 2.48
(9) The aging analysis of accounts receivable is as follow:
Unit: RMB
2013/06/30 2012/12/31
Ratio Bad debt Carrying Ratio Bad debt Carrying
Aging Amount (%) provision amount Amount (%) provision amount
Within 1 year 83,325,322.57 97.99 185,755.55 83,139,567.02 49,965,536.77 96.91 141,035.20 49,824,501.57
1-2 years 858,871.32 1.01 558,103.30 300,768.02 1,047,504.52 2.03 589,879.71 457,624.81
2-3 years 818,885.23 0.96 535,018.52 283,866.71 513,342.52 1.00 513,342.52 -
Over 3 years 31,930.41 0.04 31,930.41 - 31,930.41 0.06 31,930.41 -
Total 85,035,009.53 100.00 1,310,807.78 83,724,201.75 51,558,314.22 100.00 1,276,187.84 50,282,126.38
86
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
3. Accounts receivable– continued
(10) Bad debt provision of the Groups accounts receivable that recognized by aging analysis:
Unit: RMB
2013/06/30 2012/12/31
Ratio Bad debt Carrying Ratio Bad debt Carrying
Aging Amount (%) provision amount Amount (%) provision amount
1-2 months 57,185,907.47 91.77 - 57,185,907.47 42,817,242.65 94.71 - 42,817,242.65
3-6 months 3,851,601.51 6.18 19,258.01 3,832,343.50 780,995.50 1.73 3,904.98 777,090.52
7-12 months 126,996.14 0.20 31,749.03 95,247.11 528,218.17 1.17 132,054.54 396,163.63
Over 12
1,151,322.62 1.85 1,151,322.62 - 1,081,546.23 2.39 1,081,546.23 -
months
Total 62,315,827.74 100.00 1,202,329.66 61,113,498.08 45,208,002.55 100.0 1,217,505.75 43,990,496.80
0
(4) During the reporting period, the bad debt movement of accounts receivable is as follows：
Unit: RMB
Increased by
acquisition of
Item 2012/12/31 a subsidiary Addition Reversal Write-off 2013/06/30
Accounts receivable from
limited service hotels
operation
1,217,505.75 - - - (15,176.09) 1,202,329.66
and management business
Individually insignificant
accounts receivable but
bad debt provision
58,682.09 49,796.03 - - - 108,478.12
recognized individually
Total 1,276,187.84 49,796.03 - - (15,176.09) 1,310,807.78
(5) Accounts receivable due from shareholders holding at least 5% of the Company's shares with voting power
in the reporting period.
Unit: RMB
2013/06/30 2012/12/31
Name of entity Amount Amount of bad Amount Amount of bad
debt provision debt provision
Jin Jiang International
(Holdings) Co., Ltd. 79,520.00 - - -
(6) Top five entities with the largest balances of accounts receivable
Unit: RMB
Proportion of the
amount to the total
Relationship with the accounts receivable (%)
Name of entity Company Amount
Dobe Cultural and Creative Industry Development ThirdParty 1,620,792.85 1.94
Co., Ltd.
Qinshan No.3 nuclear power Co., Ltd. ThirdParty 1,159,685.69 1.39
Shanghai Stock Exchange ThirdParty 1,107,308.77 1.32
Shanghai BaiYulan Hotel Co., Ltd. Fellow subsidiary 965,412.55 1.15
Shanghai Qijiao Property Management Co., Ltd. ThirdParty 919,060.18 1.10
Zhangjiang Branch
Total 5,772,260.04 6.90
87
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
2. Accounts receivable– continued
(7) Accounts receivable due from related parties is as follows:
Unit: RMB
Relationship with the
Name Group Amount Ratio (%)
Shanghai BaiYulan Hotel Co., Ltd. Fellow subsidiary 965,412.55 1.15
Wuhan Jin Jiang International Hotel Fellow subsidiary 769,536.00 0.92
Shanghai Jin Jiang International Subsidiary of ultimate 509,964.63 0.61
E-Commerce Co., Ltd. holding company
Jin Jiang International Ultimate holding company 79,520.00 0.09
Shanghai Hongqiao Hotel Co., Ltd. Fellow subsidiary 77,118.40 0.09
Shanghai Longshen business service Co., Subsidiary of ultimate 33,991.51
Ltd. holding company 0.04
Jiaozhou Resort Hotel of Shanghai Food Subsidiary of ultimate 29,141.63
Group Hotel Management Co., Ltd. holding company 0.03
Subsidiary of ultimate 0.03
Jin Jiang (Hong Kong) Travel Co., Ltd.
holding company 27,613.00
Cypress Hotel Co., Ltd. Fellow subsidiary 24,246.80 0.03
Shanghai InterContinental Hotel 0.01
Pudong Co., Ltd.
Fellow subsidiary 10,560.00
Subsidiary of ultimate 0.01
Jinyuan Hotel by Shanghai Food Group
holding company 6,473.21
Shanghai Jin Jiang International Hotels 0.01
(Group) Co., Ltd. Parent company 5,000.00
Sofitel Shanghai Hyland Hotel Co., Ltd Fellow subsidiary 3,040.00 0.00
Total 2,541,617.73 3.02
3. Advances to suppliers
(5) The aging analysis of advances to suppliers is as follows:
Unit: RMB
2013/06/30 2012/12/31
Aging
Amount Ratio (%) Amount Ratio (%)
Within 1 year 41,047,685.10 100.00 47,529,871.40 100.00
Total 41,047,685.10 100.00 47,529,871.40 100.00
(6) The information on the advances to top five debtors is as follow:
Unit: RMB
Relationship Cause for
Name Amount Aging
with the Group outstanding
ChinaElectronic Equipment East China Company ThirdParty 3,237,184.35 Within 1 year Rental
prepayment
Shandong Weihai Shopping Mall Holdings Co., ThirdParty 2,466,666.65 Within 1 year Rental
Ltd. prepayment
Xi'an Qingyang Building (Xi'an Daqing Road ThirdParty 1,911,431.25 Within 1 year Rental
Hotel) prepayment
Chengdu Dingxin Hotel Investment Management ThirdParty 1,568,258.60 Within 1 year Rental
Co., Ltd. prepayment
Shanghai Airport (Holdings) Co. Ltd. ThirdParty 1,794,811.85 Within 1 year Rental
prepayment
Total 10,978,352.70
88
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
3. Advances to suppliers– continued
(7) There is no other receivables due from shareholders holding at least 5% of the Company's' shares with
voting power in the reporting period.
(8) At the end of reporting period, there is no significant balance.
4. Dividends receivable
Unit: RMB
Reason for Devalua
Item 2012/12/31 Addition Deduction 2013/06/30 outstanding tion
Aging within 1 year
(1) Shanghai Kentucky Fried Not Applicable No
- 47,448,678.82 - 47,448,678.82
Chicken Co., Ltd.
(2) Hangzhou Kentucky Fried Not Applicable No
- 32,136,184.70 (9,651,714.85) 22,484,469.85
Chicken Co., Ltd.
(3) Chang Jiang Security Co., Not Applicable No
- 23,126,000.00 - 23,126,000.00
Ltd.
(4) Suzhou Kentucky Fried Not Applicable No
- 12,324,839.68 - 12,324,839.68
Chicken Co., Ltd.
(5) Wuxi Kentucky Fried Not Applicable No
- 5,951,247.33 (2,975,623.60) 2,975,623.73
Chicken Co., Ltd.
(6) Shenyin and Wanguo Not Applicable No
- 1,108,856.60 - 1,108,856.60
Securities Co., Ltd.
(7) Shanghai Jin Jiang Not Applicable No
International Industrial - 144,270.72 - 144,270.72
Investment Co., Ltd.
(8) Shanghai Trade Center Not Applicable No
- 186,000.00 (186,000.00) -
Company Limited
(9)Others - 267,207.04 (23,902.00) 243,305.04 Not Applicable No
Total - 122,693,284.89 (12,837,240.45) 109,856,044.44 -- --
As at the end of reporting period, there is no outstanding balance of dividends receivable aging more than 1
year.
5. Other receivables
(8) Disclosure of other receivables by categories:
Unit: RMB
2013/06/30 2012/12/31
Book balance Bad debt provision Book balance Bad debt provision
Ratio Ratio Ratio Ratio
Amount Amount Amount Amount
Category (%) (%) (%) (%)
Individually
significant
accounts and bad
5,869,500.44 8.95 2,640,000.00 44.98 7,169,500.44 12.93 2,640,000.00 36.82
debt provision
recognized
individually
Individually
insignificant
accounts but bad
59,702,351.78 91.05 1,759,569.93 2.95 48,281,246.91 87.07 1,759,569.93 3.64
debt provision
recognized
individually
Bad debt
provision of
other receivable - - - - - - - -
recognized by
groups
Total 65,571,852.22 100.00 4,399,569.93 6.71 55,450,747.35 100.00 4,399,569.93 7.93
89
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
5. Other receivables– continued
(9) Nature or content of significant other receivables:
At the end of reporting period,，the balances of other receivables which are more than RMB 5,000,000 is
rental deposit, rental and related economic loss compensation, a total amount of RMB 5,869,500.44 which
Jinjiang Inns Xianyang people Road shop accused of Shanxi MaoYuan Industrial Group Co.,Ltd. about the
leasing disputes in accordance with the law of arbitration. A provision (RMB 2,640,000.00) for impairment
of the receivable is established according to the assessment of recoverable amounts.
(10) The aging analysis of other receivables is as follows:
Unit: RMB
2013/06/30 2012/12/31
Ratio Bad debt Carrying Ratio Bad debt
Aging Book balance (%) provision amount Book balance (%) provision Carrying amount
Within 1
33,008,986.39 50.33 - 33,008,986.39 27,418,363.82 49.45 108,100.05 27,310,263.77
year
1-2 years 7,184,509.74 10.96 108,100.05 7,076,409.69 9,859,882.61 17.78 2,640,000.00 7,219,882.61
2-3 years 8,672,136.12 13.23 2,640,000.00 6,032,136.12 2,011,803.25 3.63 - 2,011,803.25
Over 3
16,706,219.97 25.48 1,651,469.88 15,054,750.09 16,160,697.67 29.14 1,651,469.88 14,509,227.79
years
Total 65,571,852.22 100.00 4,399,569.93 61,172,282.29 55,450,747.35 100.00 4,399,569.93 51,051,177.42
(11) During the reporting period, the movement of bad debt of other receivable is as follows：
Unit: RMB
Item 2012/12/31 Addition Reversal Write-off 2013/06/30
Individually significant
accounts and bad debt
provision recognized 2,640,000.00 - - - 2,640,000.00
individually
Individually insignificant
accounts receivable but
bad debt provision
1,759,569.93 - - - 1,759,569.93
recognized individually
Total 4,399,569.93 - - - 4,399,569.93
(12) At the end of reporting period, there is no receivable from the shareholders holding more than 5%
(including 5%) of the Company's voting rights.
90
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
5. Other receivables– continued
(13) Top five entities with the largest balances of other receivables
Unit: RMB
Proportion of the
Relationship with the amount to the total
Name of entity Company Amount other receivables (%)
China Wallink Holding Group Co., Ltd.(note) ThirdParty 10,200,000.00 16.67
Shanxi MaoYuan Industrial Group Co.,Ltd. ThirdParty 5,869,500.44 9.60
China National Song & Dance Ensemble ThirdParty 1,000,000.00 1.63
Shanghai Trade Center Company Limited ThirdParty 900,000.00 1.47
Zhejiang Zhongfang Real Estate Company Limited ThirdParty 850,000.00 1.39
Total 18,819,500.44 30.76
Note: The temporary loan of China Wallink Holding Group Co., Ltd. has been returned at 1 July 2013.
(7) The balance of other receivables due from related parties is as follows:
Unit: RMB
Relationship with
Name Amount Ratio (%)
the Company
Shanghai BaiYulan Hotel Co., Ltd. Fellow subsidiary 3,223,319.37 5.27
Shanghai Jin Jiang International Industrial Investment
Co., Ltd. New Jin Jiang Business Travel Hotel
Fellow subsidiary 821,385.22 1.34
Metro Hotel Fellow subsidiary 560,464.89 0.92
Jinshajiang Hotel Co., Ltd. Fellow subsidiary 442,994.00 0.72
Shanghai Jin Jiang International Hotels (Group) Co., Ltd. Parent company 299,699.27 0.49
Shanghai Hua Ting Guest House Co., Ltd. Fellow subsidiary 11,070.56 0.02
Total 5,358,933.31 8.76
6. Inventories
Unit: RMB
2013/06/30 2012/12/31
Provision Provision
for the for the
decline in decline in Carrying
Item Cost value Carrying amount Cost value amount
Raw material 13,808,357.33 - 13,808,357.33 15,089,439.62 - 15,089,439.62
Goods in stock 771,260.74 - 771,260.74 1,958,467.59 - 1,958,467.59
Finished goods 4,030,264.36 - 4,030,264.36 3,367,910.70 - 3,367,910.70
Materials for
16,152,255.21 - 16,152,255.21 9,903,131.64 - 9,903,131.64
overside processing
Total 34,762,137.64 - 34,762,137.64 30,318,949.55 - 30,318,949.55
91
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
7. Other current assets
Unit: RMB
Item 2013/06/30 2012/12/31
Prepaid expenses 3,435,003.99 1,636,178.51
Income tax paid 224,874.30 -
Total 3,659,878.29 1,636,178.51
8. Available-for-sale financial assets
(1)Available-for-sale financial assets
Unit: RMB
Item Fair Value as at Fair Value as at
30 June 2013 31 December 2012
Available-for-sale equity instruments 923,806,899.78 1,150,338,438.54
Total 923,806,899.78 1,150,338,438.54
(2) Available-for-sale equity instruments
Unit: RMB
Name of
Fair value Acquisition Number of
the Stock
2012/12/31 change for the (disposal) for 2013/06/30 Shares held
invested Code
year the year at year end
companies
Changjiang
000783 935,196,411.55 229,477,784.00 (25,112,196.34) 1,139,561,999.21 121,230,000
Securities
Bank of
Communic 601328 4,541,695.08 466,334.66 - 5,008,029.74 1,013,771
ations
Jin Jiang
600650 5,281,562.88 (1,009,895.04) - 4,271,667.84 627,264
Investment
Quan jude 002186 1,287,838.27 208,903.48 - 1,496,741.75 47,804
Total 953,598,106.88 223,083,968.50 (26,343,636.84) 1,150,338,438.54
The Group recognizes the above available-for-sale equity instruments as available-for-sale financial assets.
The fair value as at 30 June 2013 is according to the closing prices of 28 June 2013 in Shanghai Stock
Exchange and Shenzhen Stock Exchange.
During the reporting period, the Group disposed a number of 5,600,000 shares of Changjiang Securities. After
the disposal the total number of shares of Changjiang Securities the Group hold dropped to 115,630,000.
According to the distribution of profits of Quan jude in 2012, 10 shares were offered with every 10 shares and
the total number of shares of Quan jude the Company hold rose to 95,608.
92
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
9. Long-term equity investment
(1) Details of long-term equity investments are as follows:
Unit: RMB
Item 2013/06/30 2012/12/31
Investments in jointly controlled entities 119,100,967.31 195,879,103.27
Other long-term equity investments 45,861,244.72 44,302,019.12
Total 164,962,212.03 240,181,122.39
Less: Provision for impairment of long-term 5,000,000.00
5,000,000.00
equity investments
Net value of long-term equity investments 159,962,212.03 235,181,122.39
(2) Movement of provision for impairment of long-term equity investments for the reporting period:
Unit:
RMB
Investee 2012/12/31 Addition Deduction 2013/06/30
Other equity Investment
Shenyin & Wanguo Securities Co., Ltd. 5,000,000.00 - - 5,000,000.00
Total 5,000,000.00 - - 5,000,000.00
93
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
9. Long-term equity investment-continued
(3) Investment in associates are set out as below:
Unit: RMB
Impai
Change for the year Provi rment
Addition Net profit Cash dividend Other Remark on sion loss
/(Deduction) /(losses) adjusted declared changes inconsistent for provi
investment using equity in equity
method
between impa ded
Accounti Equity Voting equity irme for
ng Initial interest right interest and nt the
Investee method investments 2012/12/31 2013/06/30 (%) (%) voting right loss year
Associates
Shanghai Kentucky Equity Not
Fried Chicken Co., Ltd. 97,977,250.00 148,976,937.79 - (33,216,049.23) (47,448,678.82) - 68,312,209.74 42 42 - -
Method applicable
Shanghai Xinlu Equity Not
Catering Development Method 2,719,227.00 1,165,297.60 - 108,248.14 - - 1,273,545.74 25 25 - -
Co., Ltd.
applicable
Shanghai New Asia Equity Not
Fulihua Catering Co., Method 14,350,000.00 22,571,454.34 - 1,979,569.60 - - 24,551,023.94 41 41 - -
Ltd.
applicable
Shanghai Yoshinoya Equity Not
Co., Ltd. (Note 1) 24,046,286.00 13,362,786.01 5,384,626.34 (3,305,376.17) - - 15,442,036.18 42.815 42.815 - -
Method applicable
Shanghai Jing An Equity Not
Bakery Co., Ltd. Method 5,755,836.40 802,627.53 - (280,475.82) - - 522,151.71 14.63 14.63 - -
(Note 2)
applicable
Shanghai Xinjin Hotel Equity Not
9,000,000.00 9,000,000.00 - 9,000,000.00 30 30 - -
Management Co., Ltd. Method applicable
Total 195,879,103.27 5,384,626.34 (34,714,083.48) (47,448,678.82) - 119,100,967.31 - -
Note1: During the reporting period, Shanghai Jin Jiang International Catering Investment Co., Ltd. and the investment side of Shanghai Yoshinoya Co., Ltd increased the same
proportion of monetary capital to Shanghai Yoshinoya Fast Food Co.,Ltd. Increase the amount of $856,305.00 (RMB 5,384,626.34).After the capital increase, the shareholding
ratio of Catering Investment on Shanghai Yoshinoya Co., Ltd is still 42.815%.
Note2: There are two directors in Shanghai Jing An Bakery Co., Ltd.,so the management of Shanghai Jin Jiang International Catering Investment Co., Ltd. considered that they
could have significant influence over Shanghai Jing An Bakery Co., Ltd., therefore they accounted it as associate.
94
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
9. Long-term equity investment– continued
(4) Other long-term equity investments are set below:
Impairment
Accountin Initial Addition (Deduction) Equity Provision for loss provided
Investee g method investments 2012/12/31 Investment for the period 2013/06/30 interest (%) impairment loss for the period
Other long-term equity investment
Hangzhou Kentucky Fried Chicken Cost - -
12,265,725.33 12,265,725.33 - 12,265,725.33 8
Co., Ltd. Method
Suzhou Kentucky Fried Chicken Cost - -
3,627,002.24 2,067,776.64 1,559,225.60 3,627,002.24 8
Co., Ltd. (Note1) Method
Wuxi Kentucky Fried Chicken Cost - -
3,761,343.20 3,761,343.20 - 3,761,343.20 8
Co., Ltd. Method
Chang Jiang United Development Cost - - -
700,000.00 700,000.00 700,000.00 <1
Co., Ltd. Method
Shanghai Trade Center Company Cost - -
5,187,700.00 5,187,700.00 - 5,187,700.00 3
Limited Method
Shenyin & Wanguo Securities Co., Ltd. Cost -
10,000,000.00 10,000,000.00 10,000,000.00 <1 5,000,000.00 -
Method
Shanghai Jin Jiang International Hotel Cost - -
1,469,473.95 1,469,473.95 - 1,469,473.95 15
Commodities Co., Ltd. Method
Others (Note2) Cost - -
8,850,000.00 8,850,000.00 - 8,850,000.00 <1
Method
Total 44,302,019.12 1,559,225.60 45,861,244.72 5,000,000.00 -
Note1: During the reporting period, The Company and the investment side of Suzhou Kentucky Fried Chicken Co., Ltd increased the same proportion of monetary capital to Suzhou
Kentucky Fried Chicken Co., Ltd. increasing the amount of $552,000.00. The payment of capital increase divided into two parts and company payed the first phase $248,000.00
(RMB 1,559,225.60).After the capital increase, the shareholding ratio of Catering Investment on Suzhou Kentucky Fried Chicken Co., Ltd is still 8%.
Note2: Pursuant to the agreement reached by the Company and Guangdong Finance Trust and Investment Co., Ltd. ("entrustee") on 29 December 2006, the Company kept 5,296,709
shares to implement a share incentive scheme for the employees of Changjiang Securities, which was pending for the approval of authorization department. The Group
accounted for the kept shares as other long-term investment according to the initial investment cost, amounting to RMB 8,850,000. During 2009, the equity shares aforesaid
held by the Company increased to 6,447,079 shares after the entrustee participated in the allotment plan of Changjiang Securities. According to the statement of "Yuecai trust-
equity reserve collection property trust termination of contract on Changjiang Securities equity incentive plan(" the termination of the trust contract" ) which ultimately signed
by the company and trustee and came into force on 6 Feb. 2012, the liquidation of the trust will begin by trustee since the date when all clients of the collection property trust
sign termination of the trust contract with the trustee and terminate the trust when the all the trust property have been distributed . At the end of this year, the management
estimated that the book value of the long term equity investment will not exceed the estimated recoverable amount received from the liquidation of the trust.
95
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. BUSINESS COMBINATION AND CONSOLIDATED FINANCIAL STATEMENT - continued
9. Long-term equity investment - continued
(6) Investment in associates
Corpora
te Equity Voting Total assets Total Net profit
Category of represen Organizati Registered interest rights at period Liabilities at Net assets Revenue (losses) for the
Name of the investee enterprises Registered address tative on Code Principal operation Capital (%) (%) end period end at period end for the period period
Associates
No.768
Limited
Shanghai Kentucky Fried Shuangliao Zhu fast food USD
liability 607206718 42% 42% 806,045,725.17 451,338,730.41 354,706,994.76 2,990,157,709.94 116,309,298.65
Chicken Co., Ltd. Road, Yangpu Zongyi operation 27,010,000
company
District, Shanghai
Limited No.813 East Shanghai
Shanghai Xinlu Catering Zhang USD
liability Beijing Road, 607382666 cuisine, karaoke 25% 25% 4,984,456.30 322,647.80 4,661,808.50 1,350,000.00 541,207.59
Development Co., Ltd. Baohua 980,000
company Shanghai and ballroom
Limited No.808 Zhang
Shanghai New Asia Fulihua Catering, kitchen RMB
liability Huaihaizhong Xiaoqia 132521182 41% 41% 103,300,970.91 43,420,424.85 59,880,546.06 84,932,124.01 4,828,218.49
Catering Co., Ltd. Equipments 35,000,000
company Road, Shanghai ng
Fast food and
Limited Zhang
No.585 Hengfeng relevant USD
Shanghai Yoshinoya Co., Ltd. liability Xiaoqia 738536856 42.815% 42.815% 41,511,787.30 5,444,903.79 36,066,883.51 32,347,703.32 (7,720,135.88)
Road, Shanghai commodity 1,230
company ng
wholesale
Shanghai Jing An Bakery Co., Limited Zhang
No.1305 Huajing Road, Bakery, cake, USD
Ltd. liability Xiaoqia 607242698 14.63% 14.63% 38,278,837.47 34,709,789.51 3,569,047.96 40,033,544.76 (1,917,127.89)
Shanghai biscuit, frozen food 2,050,581
company ng
Limited Hotel management
Shanghai Xinjin Hotel No.90 East Nanjing Wu RMB
liability 56962437-9 and industrial 30% 30% 31,459,106.48 1,459,106.48 30,000,000.00 - -
Management Co., Ltd. Road Jianchu 30,000,000
company investment
There is no significant difference between the principal accounting policies adopted by the jointly controlled entities and associates and the one adopted by the Company.
During the reporting period, the Group is not exposed to limitation on the transfer of funds from the investee. At as 30 June 2013, the Group doesn't have unrecognised
investment loss.
96
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
10. Fixed assets
(3) Information of fixed assets
Unit: RMB
Item 2012/12/31 Addition Deduction 2013/06/30
I. Cost 1,973,927,594.27 1,515,535,218.28 (3,221,073.68) 3,486,241,738.87
Including: Buildings 846,089,608.60 1,348,125,300.94 - 2,194,214,909.54
Equipments 1,026,982,906.84 122,020,580.27 (2,838,330.68) 1,146,165,156.43
Motor vehicles 11,864,835.34 834,344.33 (382,743.00) 12,316,436.67
Decoration 88,990,243.49 44,554,992.74 - 133,545,236.23
II. Accumulated depreciation 827,707,682.58 98,270,455.10 (2,879,379.09) 923,098,758.59
Including: Buildings 167,067,032.61 27,551,127.78 - 194,618,160.39
Equipment 583,323,388.20 60,855,203.12 (2,636,781.57) 641,541,809.75
Motor vehicles 7,694,270.35 500,121.84 (242,597.52) 7,951,794.67
Decoration 69,622,991.42 9,364,002.36 - 78,986,993.78
III. Net book value 1,146,219,911.69 2,563,142,980.28
Including: Buildings 679,022,575.99 1,999,596,749.15
Equipments 443,659,518.64 504,623,346.68
Motor vehicles 4,170,564.99 4,364,642.00
Decoration 19,367,252.07 54,558,242.45
IV. Provision for impairment
534,186.87 - (379,650.76) 154,536.11
Loss
Including: Buildings - - - -
Equipments 534,186.87 - (379,650.76) 154,536.11
Motor vehicles - - - -
Decoration - - - -
V. Carrying amount 1,145,685,724.82 2,562,988,444.17
Including: Buildings 679,022,575.99 1,999,596,749.15
Equipments 443,125,331.77 504,468,810.57
Motor vehicles 4,170,564.99 4,364,642.00
Decoration 19,367,252.07 54,558,242.45
97
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
10. Fixed assets - continued
(4) Information of fixed assets - continued
Among the additions of cost of the reporting period, the acquisition of the fixed assets amounts to RMB
15,643,164.23, the amount transferred in from construction in progress is RMB 68,640,155.99; the increase for
the purchase of subsidiaries is RMB 1,431,251,898.06 (Refer to Note(IV)2).
Among the deduction of cost of the reporting period, the disposal of fixed assets amounts to RMB 3,221,073.68.
The additions of accumulated depreciation of the reporting period represent disposed fixed assets amounts to
RMB 70,146,793.11. The increase for the purchase of subsidiaries is RMB 28,123,661.99 (Refer to Note(IV)2).
The deduction of accumulated depreciation of the reporting period represents depreciation of the disposal of
fixed assets amount to RMB 2,879,379.09.
The deduction of provision for impairment loss of the reporting period represents disposed fixed assets amounts
to RMB 379,650.76.
(5) Information of fixed assets by finance lease
Unit: RMB
Item Cost Accumulated Carrying amount
depreciation
2012/12/31
Equipments 8,794,490.75 2,726,018.86 6,068,471.89
2013/06/30
Equipments 8,794,490.75 3,057,428.55 5,737,062.20
(6) Fixed assets of which certificates of title have not been obtained
On 30 June 2013, the amounts of fixed assets of which certificates of title have not been obtained are RMB
370,572,320.73 belong to Smartel Hotel.
98
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
11. Construction in progress
(1) Details of construction in progress are as follows:
Unit: RMB
2013/06/30 2012/12/31
Item Original value Provision for Original value Provision for
Net booking value Net booking value
impairment loss impairment loss
I. Fixed assets decoration and improvement
1. Renovation of Hotels Investment
Renovation of Shenyang Huaiyuan Hotel(dual-brand) 19,609,181.22 - 19,609,181.22 6,916,666.20 - 6,916,666.20
Renovation of Mianyang Science and Technology Hotel(Dual-brand) 17,946,873.56 - 17,946,873.56 12,344,580.83 - 12,344,580.83
Renovation of Changzhi Bayi Plaza (Dual-brand) 17,516,510.47 - 17,516,510.47 15,355,352.65 - 15,355,352.65
Renovation of Jinbian Renming Road Hotel 16,179,510.37 - 16,179,510.37 2,668,352.87 - 2,668,352.87
Renovation of Weihai Shopping Mall Hotel 15,762,503.93 - 15,762,503.93 8,920,878.38 - 8,920,878.38
Renovation of Linfen Jiefang Road Hotel 15,621,423.89 - 15,621,423.89 14,294,930.82 - 14,294,930.82
Renovation of Zigong Tongxing Road Hotel 15,181,177.66 - 15,181,177.66 2,694,211.46 - 2,694,211.46
Renovation of Dalian Lianhe Road Hotel 14,563,549.46 - 14,563,549.46 1,345,014.22 - 1,345,014.22
Renovation of Taizhou Xinghua Yingwu Bridge Hotel 12,083,912.94 - 12,083,912.94 11,390,910.08 - 11,390,910.08
Renovation of Qinhuangdao Shanhaiguan Pass Hotel 11,977,338.76 - 11,977,338.76 10,948,618.34 - 10,948,618.34
Renovation of Shanghai Zhennan Road Hotel 11,830,610.51 - 11,830,610.51 8,405,753.12 - 8,405,753.12
Renovation of Qinhuangdao Donggang Road Hotel 11,730,140.28 - 11,730,140.28 10,731,280.02 - 10,731,280.02
Renovation of Shantou Western Jinsha Road Hotel 10,776,446.87 - 10,776,446.87 3,258,617.37 - 3,258,617.37
Renovation of Yanji Guanghua Road Hotel 270,938.06 - 270,938.06 14,043,622.24 - 14,043,622.24
Renovation of Shenyang Shenbei University City Hotel 48,344.00 - 48,344.00 17,183,987.06 - 17,183,987.06
Renovation of Shanghai Hongqiao Hub Hotel 37,710.00 - 37,710.00 12,124,392.85 - 12,124,392.85
Renovation of Wuxi Huishan District Government Hotel 35,198.00 - 35,198.00 17,845,624.08 - 17,845,624.08
Renovation of Xiaoshan Central City Road hotel(Bestay) 22,316.74 - 22,316.74 23,295,793.99 - 23,295,793.99
Renovation of Taizhou Huangyan East Huancheng Road 8,728.00 - 8,728.00 18,131,632.41 - 18,131,632.41
Hotel(Dual-brand)
Renovation of Shaoxing Keqiao Wanguo Center Hotel 3,918.90 - 3,918.90 13,037,485.27 - 13,037,485.27
Others 32,932,098.18 - 32,932,098.18 78,650,667.25 - 78,650,667.25
Subtotal 224,138,431.80 - 224,138,431.80 303,588,371.51 - 303,588,371.51
99
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
11. Construction in progress - continued
(1) Details of construction in progress are as follows:
Unit: RMB
2013/06/30 2012/12/31
Item Original value Provision for Original value Provision for
Net booking value Net booking value
impairment loss impairment loss
2. Renovation of Jinjiang Inn
Renovation of Jinjiang Inn 6,960,970.68 - 6,960,970.68 4,362,447.47 - 4,362,447.47
Subtotal 6,960,970.68 6,960,970.68 4,362,447.47 4,362,447.47
3. Renovation of Smartel Hotel
Renovation of Changsha Kaifu Hotel 77,157,331.44 - 77,157,331.44
Renovation of Wuhu Jinhu Hotel 69,953,919.53 - 69,953,919.53
Renovation of Wuxi Jiangyin Hotel 65,792,559.07 - 65,792,559.07
Renovation of Fujian Jinjiang Hotel 65,641,983.14 - 65,641,983.14
Renovation of Zhengzhou Erqi Plaza Hotel 61,121,145.49 - 61,121,145.49
Others 20,486,106.81 - 20,486,106.81
Subtotal 360,153,045.48 360,153,045.48
4. Renovation of Others
Renovation of Dahua Hotel 27,582,881.02 - 27,582,881.02 16,964,551.73 - 16,964,551.73
Renovation of Dongya Hotel - - - 18,727,924.73 - 18,727,924.73
Others 3,626,793.25 - 3,626,793.25 87,400.00 87,400.00
Subtotal 31,209,674.27 31,209,674.27 35,779,876.46 35,779,876.46
II. Software
ERP system project of New Asia Caféde Coral 330,653.50 (330,653.50) - 330,653.50 (330,653.50) -
Supplier orders platforms project of New Asia Caféde Coral - - 312,000.00 312,000.00
Subtotal 330,653.50 (330,653.50) - 642,653.50 (330,653.50) 312,000.00
Total 622,792,775.73 (330,653.50) 622,462,122.23 344,373,348.94 (330,653.50) 344,042,695.44
100
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
11. Construction in progress - continued
(4) Movement of significant construction in progress:
Unit: RMB
Including:
Transfer to Ratio of
Transfer to Project in Cumulative amount of
Addition due to Project in the interest
Transfer to long-term the Rate of amount of interest
Item Budge 2012/12/31 subsidiaries Addition intangible 2013/6/30
proportion
proportion of
progress interest capitalization
capitalization
acquisition fixed assets prepaid budgetary for this period
assets of budgetary capitalization for this
expenses (%)
period
Renovation of Dongya Hotel 26,160,000.00 18,727,924.73 4,594,132.37 (23,322,057.10) - - - - 89% 100% - - - Self-financing
Renovation of Dahua Hotel 34,377,550.00 16,964,551.73 10,618,329.29 - - - - 27,582,881.02 80% 80% - - - Self-financing
Renovation of Changsha Kaifu Hotel 96,446,664.30 - 77,157,331.44 - - - - 77,157,331.44 80% 1% - - - Self-financing
Renovation of Fujian Jinjiang Hotel 72,935,536.82 - 65,641,983.14 - - - - 65,641,983.14 90% 90% - - - Self-financing
Renovation of Zhengzhou Erqi Hotel 67,912,383.88 - 61,121,145.49 - - - - 61,121,145.49 90% 90% - - - Self-financing
Renovation of Wuhu Jinhu Hotel 77,726,577.26 - 69,953,919.53 - - - - 69,953,919.53 90% 90% - - - Self-financing
Renovation of Wuxi Jiangyin Hotel 73,102,843.41 - 65,792,559.07 - - - - 65,792,559.07 90% 90% - - - Self-financing
Renovation of Taizhou Xinghua Yingwu - 12,083,912.94 117% 99% Self-financing
10,332,900.00 11,390,910.08 693,002.86 - - - - - -
Bridge Hotel
Renovation of Shenyang Shenbei University - 48,344.00 105% 99% Self-financing
16,377,200.00 17,183,987.06 - (3,544,452.93) (12,916,566.64) (674,623.49) - - -
City Hotel
Renovation of Qinhuangdao Donggang Road - 11,730,140.28 121% 99% Self-financing
9,665,200.00 10,731,280.02 998,860.26 - - - - - -
Hotel
Renovation of Taizhou Huangyan East - 8,728.00 100% 99% Self-financing
18,130,000.00 18,131,632.41 - (4,066,906.50) (13,898,653.63) (157,344.28) - - -
Huancheng Road Hotel(Dual-brand)
Renovation of Mianyang Science and - 17,946,873.56 102% 95% Self-financing
17,635,100.00 12,344,580.83 5,602,292.73 - - - - - -
Technology Hotel(Dual-brand)
Renovation of Changzhi Bayi Plaza - 17,516,510.47 108% 90% Self-financing
16,160,000.00 15,355,352.65 2,161,157.82 - - - - - -
Dual-brand Hotel
Renovation of Chengdu Baiguoling Metro - - 114% 100% Self-financing
23,752,100.00 26,999,353.45 - (5,021,506.17) (16,924,674.30) - - -
Station Dual-brand Hotel (5,053,172.98)
Renovation of Changchun Automobile Trade - - 103% 100% Self-financing
18,140,000.00 18,141,782.07 497,771.92 (4,484,786.56) (14,154,767.43) - - - -
Center Hotel
Renovation of Weihai Shopping Mall Hotel 14,229,212.00 8,920,878.38 6,841,625.55 - - - - 15,762,503.93 111% 99% - - - Self-financing
Renovation of Dalian Lianhe Road Hotel 13,924,400.00 1,345,014.22 13,218,535.24 - - - - 14,563,549.46 105% 95% - - - Self-financing
Renovation of Zigong Tongxing Road Hotel 14,180,000.00 2,694,211.46 12,486,966.20 - - - - 15,181,177.66 107% 95% - - - Self-financing
Renovation of Shenyang Huaiyuan - 19,609,181.22 99% 90% Self-financing
19,761,905.00 6,916,666.20 12,692,515.02 - - - - - -
Hotel(dual-brand)
Renovation of Jinbian Renming Road Hotel 17,788,770.00 2,668,352.87 13,511,157.50 - - - - 16,179,510.37 91% 85% - - - Self-financing
Renovation of Linfen Jiefang Road Hotel() 14,290,000.00 14,294,930.82 1,326,493.07 - - - - 15,621,423.89 109% 99% - - - Self-financing
Others 141,561,939.96 91,849,835.87 (28,200,446.73) (312,000.00) (102,267,560.71) 99,291,100.26
(3,340,668.13)
Total 344,373,348.94 516,759,614.37 (68,640,155.99) (312,000.00) (160,162,222.71) (9,225,808.88) 622,792,775.73 - - -
101
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
11. Construction in progress - continued
(3) Provision for impairment loss of construction in progress
Unit: RMB
Item 2012/12/31 Addition Deduction 2013/6/30 Reason for
provision
The system has no
ERP system project of New Asia use value, because
330,653.50 - - 330,653.50
Caféde Coral of a new system
putting into use
Total 330,653.50 - - 330,653.50
12. Intangible assets
Unit: RMB
Item 2012/12/31 Addition Deduction 2013/6/30
I. Cost 332,364,046.29 4,591,531.86 - 336,955,578.15
Land userights 258,518,949.02 - - 258,518,949.02
Beneficial right of long-term 47,247,974.97 - - 47,247,974.97
leases
Others 26,597,122.30 4,591,531.86 - 31,188,654.16
II. Accumulated 74,341,314.52 7,762,716.16 - 82,104,030.68
amortisation
Land userights 52,592,493.66 3,141,387.78 - 55,733,881.44
Beneficial right of long-term 8,071,795.62 1,935,799.98 - 10,007,595.60
leases
Others 13,677,025.24 2,685,528.40 - 16,362,553.64
III.Net book value 258,022,731.77 254,851,547.47
Land userights 205,926,455.36 202,785,067.58
Beneficial right of long-term 39,176,179.35 37,240,379.37
leases
Others 12,920,097.06 14,826,100.52
IV. Provision for -
impairment losses
Land userights -
Beneficial right of long-term -
leases
Others -
V. Carrying amount 258,022,731.77 - -- 254,851,547.47
Land userights 205,926,455.36 - - 202,785,067.58
Beneficial right of long-term 39,176,179.35 - - 37,240,379.37
leases
Others 12,920,097.06 - - 14,826,100.52
The increase in the cost for the reporting period consists of acquisitions of RMB 3,741,885.86, an increase of RMB
312,000.00 transferred from construction in progress and an increase of RMB 537,646.00 on acquisition of a
subsidiary.
The increase in accumulated amortization for the current period consists of charge for the current period of RMB
7,727,163.35, and an increase of RMB 35,552.81 on acquisition of a subsidiary.
102
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
13. Goodwill
Unit: RMB
Provision
Name of the investee or entities
causing deriving goodwill
2012/12/31 Addition Deduction 2013/6/30 at period
end
Shanxi Goldmet Inn
40,171,417.85 - - 40,171,417.85 -
Management Co., Ltd. (Note2)
Smartel Hotel(Note1,Note2) - 51,785,803.21 - 51,785,803.21 -
Total 40,171,417.85 51,785,803.21 - 91,957,221.06 -
Note1: There is an increase due to business combination involving enterprises not under common control in the current
period; which is measured as the difference between the combination cost and the share of the fair value of
identifiable net assets of the target enterprise.
Note2: At the end of reporting period, goodwill is reviewed by the management. The fair value of the goodwill is
determined in accordance with its estimated future cash flows which are discounted to their present value using a
proper discount rate. The cash flow projection is based on financial budgets approved by management covering a
5 year period from year 2013 to 2018. The cash flows beyond the five year period are extrapolated using a growth
rate of 0%. The management of the Group considered that any reasonably possible change in any of these
assumptions would not cause the carrying amount of the goodwill to exceed the corresponding recoverable
amount and no impairment provision was needed on the goodwill.
14. Long-term prepaid expenses
Unit: RMB
Item 2012/12/31 Addition Amortization Other deduction 2013/6/30
Leasehold improvement 1,105,904,963.13 133,291,023.82 (51,532,788.25) (4,173,525.29) 1,183,489,673.41
Leasehold decoration 108,093,581.26 27,649,654.89 (25,286,731.23) (1,472,463.20) 108,984,041.72
Other 21,120,455.22 588,612.62 (43,745.04) (4,164,368.52) 17,500,954.28
Total 1,235,118,999.61 161,529,291.33 (76,863,264.52) (9,810,357.01) 1,309,974,669.41
The increase in the original carrying amount for the reporting period consists of acquisitions of RMB 31,448.13, an
increase of RMB 160,162,222.71 transferred from construction in progress and an increase of RMB 1,335,620.49
on acquisition of a subsidiary.
The reduction in the original carrying amount for the reporting period consists of a decrease of RMB 4,182,817.64
on disposals, and a decrease of RMB 5,627,539.37 on adjustments of construction completion settlement.
103
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
15. Deferred tax assets and liabilities
(1) Deferred tax assets and liabilities before offsetting are set below:
Unit: RMB
Closing balance of Closing balance of Opening balance of Opening balance of
Deductible and Taxable deferred tax assets Deductible and Taxable deferred tax assets
Items temporary differences or liabilities temporary differences or liabilities
Deferred tax assets:
Employee benefits payable 96,449,780.69 24,112,445.17 96,977,480.19 24,244,370.05
Advances of membership card and deferred
revenue on membership points
78,853,408.28 19,713,352.07 72,569,510.00 18,142,377.50
Operating lease expenses 85,186,315.84 21,296,578.96 76,816,074.52 19,204,018.63
Assets provision for impairment losses 11,145,168.92 2,786,292.24 10,770,431.33 2,692,607.84
Depreciation differences between tax base and
accounting base
21,849,199.67 5,462,299.92 17,869,090.28 4,467,272.57
Deductable losses 31,485,154.10 7,871,288.52 12,065,545.50 3,016,386.38
Interest capitalization 4,038,893.76 1,009,723.44 4,231,891.84 1,057,972.96
Pre-operating expenses 761,685.36 190,421.34 478,262.16 119,565.54
Others 13,725,355.88 3,431,338.97 12,095,638.00 3,023,909.50
Subtotal 343,494,962.50 85,873,740.63 303,873,923.82 75,968,480.97
Deferred liabilities:
Changes in fair value of available-for-sale
financial assets recognized in other 616,740,079.58 154,185,019.88 828,571,848.78 207,142,962.20
comprehensive income
Adjustment of fair value of non-current assets
derived from business combination involving 491,841,673.37 122,960,418.34 39,476,756.30 9,869,189.07
enterprises not under common control
Others 325,838.60 81,459.65 558,580.40 139,645.10
Subtotal 1,108,907,591.55 277,226,897.87 868,607,185.46 217,151,796.37
(2) Details of offsetting between deferred tax assets and liabilities:
Unit: RMB
Item Offsetting amount
2013/6/30: 6,620,437.60
2012/12/31: 7,114,489.38
(3) Deferred tax assets and liabilities after offsetting are set below:
Unit: RMB
Item 2013/6/30 2012/12/31
Deferred tax assets - net 79,253,303.03 68,853,991.59
Deferred tax liabilities - net 270,606,460.27 210,037,306.99
(4) Details of Unrecognised deferred tax assets:
Unit: RMB
Item 2013/6/30 2012/12/31
Deductible losses 104,995,245.36 94,051,317.67
Deductible temporary differences 27,739,129.56 19,056,323.87
Total 132,734,374.92 113,107,641.54
(5) Deductible losses which are not recognised as deferred tax assets will expire as follows:
Unit: RMB
Item 2013/6/30 2012/12/31
2013 14,287,406.88 14,803,542.55
2014 13,481,965.45 15,486,975.04
2015 7,220,504.81 7,220,504.81
2016 18,202,515.62 18,202,515.62
2017 32,708,984.02 38,337,779.65
2018 19,093,868.58 -
Total 104,995,245.36 94,051,317.67
104
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
16. Other Non-Current Assets
Unit: RMB
Item 2013/6/30 2012/12/31
Rental for basements(Note) 40,357,450.46 -
Total 40,357,450.46 -
Note: Rental for basements in the reporting period is Smartel's prepaid rental for basements. The period of lease is 20
years, and it will be automatically renewed till the expiration of the leasehold's transfer period on the state-owned
land-use right.
17. Provision for impairment loss of assets
Unit: RMB
Addition on
Deduction
acquisition of a
Item 2012/12/31 subsidiary(ref Addition 2013/6/30
Reversal Write-off
to Note(Ⅳ)2)
I. Provision for bad debt 5,675,757.77 49,796.03 - - 15,176.09 5,710,377.71
II.Provision for impairment loss of
- - - - - -
inventories
III. Provision for impairment loss
- - - - - -
of available for sale financial assets
IV. Provision for impairment loss of
- - - - - -
held to maturity financial assets
V. Provision for impairment loss of
5,000,000.00 - - - - 5,000,000.00
long-term equity investments
VI. Provision for impairment loss
- - - - - -
of investment property
VII. Provision for impairment loss
534,186.87 - - - 379,650.76 154,536.11
of fixed Assets
VIII. Provision for impairment loss
- - - - -
of construction materials
IX. Provision for impairment loss
330,653.50 - - - - 330,653.50
of construction in progress
X. Provision for impairment loss of
- - - - - -
bearer biological assets
Including: maturity bearer
- - - - - -
biological assets
XI. Provision for impairment loss
- - - - - -
of oil and gas assets
XII. Provision for impairment loss
- - - - - -
of intangible assets
XIII. Provision for impairment loss
- - - - - -
of goodwill
XIV. Others - - - - - -
Total 11,540,598.14 49,796.03 - - 394,826.85 11,195,567.32
18. Short-term borrowings
Unit: RMB
Item 2013/6/30 2012/12/31
Credit borrowings(Note) 1,100,000,000.00 -
Total 1,100,000,000.00 -
Note: During the reporting period, the Company obtained a 6-month loan which was provided by Jin Jiang
International through the bund branch of ICBC. The total amount of the loan is RMB 1,100,000,000, the interest rate
is 5.04%, and the period is from 24 June 2013 to 24 December 2013. No more than 6-month extension could be
applied once when the borrowings mature. The interest rate remains the original rate.
105
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
18. Short-term borrowings - continued
The weighted average interest rate of the short-term borrowings for the reporting period is 5.040% (the comparative
period of last year: 5.055%).
19. Accounts payable
(4) Details of accounts payable are as follows:
Unit: RMB
Item 2013/6/30 2012/12/31
Payables for property 383,018,352.40 -
Payables for constructions 297,098,829.45 254,232,159.45
Payables for goods 152,112,706.35 146,301,267.77
Total 383,018,352.40 -
(2) Accounts payable to shareholders holding at least 5% of the Company's shares with voting power in the
reporting period:
Item 2013/6/30 2012/12/31
Jin Jiang International 7,207.20 1,089,600.00
Total 7,207.20 1,089,600.00
(3) At the end of reporting period, no significant amount aging over 1 year in the balance of accounts payable.
20. Advances from customers
(4) Details of advances from customers are as follows:
Unit: RMB
Item 2013/6/30 2012/12/31
Advances for membership card 78,856,859.49 72,272,203.24
Advances for room rates and catering deposits and
42,229,369.86 45,455,545.27
deposits for catering
Initial fee advanced 23,573,558.57 38,849,323.22
Total 144,659,787.92 156,577,071.73
(5) At the end of reporting period, no outstanding balance due to either the shareholders holding more than 5%
(including 5%) of the Company's voting rights or related parties.
(6) At the end of reporting period, no significant amount aging over 1 year is included in the balance of advance
from customers.
106
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
21. Employee benefits payable
Unit: RMB
Item 2012/12/31 Addition Deduction 2013/6/30
I. Wages or salaries,
bonus, allowance, 86,618,778.06 233,614,647.77 (234,348,080.75) 85,885,345.08
subsidies
II. Staff welfare - 9,366,606.82 (9,238,185.43) 128,421.39
III. Social security
12,273,543.11 50,539,211.24 (48,484,927.44) 14,327,826.91
contributions
Including:Medical
2,982,026.30 15,691,518.22 (13,888,905.81) 4,784,638.71
insurance
Pension insurance 8,759,755.87 30,772,163.65 (30,747,892.59) 8,784,026.93
Unemployment
366,088.33 2,249,726.24 (2,105,844.35) 509,970.22
insurance
Work injury insurance 99,511.54 817,089.30 (778,081.60) 138,519.24
Maternity insurance 66,161.07 1,008,713.83 (964,203.09) 110,671.81
IV. Housing fund 1,478,106.45 9,770,156.32 (9,732,115.69) 1,516,147.08
V. Labor union fund
3,152,592.80 5,229,243.02 (5,651,963.82) 2,729,872.00
and education fund
VI.Termination benefits 16,650,670.65 - (1,316,609.53) 15,334,061.12
VII. Others 8,767.82 1,040,151.10 (538,153.64) 510,765.28
Total 120,182,458.89 309,560,016.27 (309,310,036.30) 120,432,438.86
The increase in the original carrying amount for the reporting period consists of accruals of RMB 203,899,246.20,
an increase of RMB 2,660,770.07 on acquisition of a subsidiary (ref to Note (V.)2).
Except for the termination benefits, other employee benefit payable, in accordance with relevant laws and regulations
and utilization plans, will be fully paid and utilized in current accounting year.
22. Taxes payable
Unit: RMB
Item 2013/6/30 2012/12/31
Value added tax (1,956,081.22) (2,145,338.96)
Business tax 12,466,748.34 9,841,598.63
Enterprise Income tax 44,879,005.92 44,900,192.71
Individual income tax 5,138,223.68 11,005,673.39
Property tax 5,225,161.74 3,053,662.76
Others 16,976,668.26 13,262,425.67
Total 82,729,726.72 79,918,214.20
23. Interest payable
Unit: RMB
Item 2013/6/30 2012/12/31
Interest payable for long-term borrowings with interest paid by -
-
periods and principles returned when matured
Interest payable for short-term borrowings 1,026,423.35 -
Total 1,026,423.35 -
107
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
24. Dividends payable
Unit: RMB
Name 2013/6/30 2012/12/31 Cause for unpaid
over one year
A share unrestricted shareholders 331,909.03 305,520.26 Not applicable
Shanghai Huamu Economic Development 1,520,000.00 Not applicable
-
Corporation
Yangzhou Shuangqiao Agriculture Corporation 315,000.00 - Not applicable
Total 2,166,909.03 305,520.26
25. Other payables
(1) Details of other payables are as follows:
Unit: RMB
Item 2013/6/30 2012/12/31
Tax for assets replacement and affiliated transactions
accrued 58,623,448.29 58,623,448.29
Accrued expenses 55,863,386.02 52,142,922.34
Expected payable for the equity transfer of Smartel
-
(refer to note (IV) 2) 47,345,057.89
Deposits 11,884,793.76 10,045,857.93
Payments on behalf of other parties 3,538,958.62 3,816,793.26
Payable for the equity transfer of goldmet 1,000,000.00 1,000,000.00
Others 28,645,891.02 23,679,606.17
Total 206,901,535.60 149,308,627.99
(2) The outstanding balance of other payables at the reporting period end due from shareholder holding more than
5% (including 5%) of the Company's voting rights is as below:
Unit: RMB
Name 2013/6/30 2012/12/31
Jin Jiang International 860,000.00 860,000.00
Total 860,000.00 860,000.00
(3) Reasons for significant amount aging over 1 year in the balance of other payables:
As at the end of the reporting period, significant amount aging over 1year in balance of other payables includes:
① The significant replacement and related transactions payment and taxation involved amounting to RMB
58,623,448.29 that should be paid by the Company after the report and verification of the involved taxation.
② The payment for the 70% equity interest of Goldmet Inns as guarantees amouting to RMB 1,000,000.00 that
should be paid by Hotels Investment to Shanxi Goldmet Investment Co., Ltd after the fault of property was
finished.
108
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
26. Non-current liabilities due within 1 year
(4) Details of non-current liabilities due within 1 year are as follows:
Unit: RMB
Name 2013/6/30 2012/12/31
Long-term payables due within 1 year 235,692.55 432,496.32
Other non-current liabilities due within 1 year 16,000.00 16,000.00
Total 251,692.55 448,496.32
(5) Please refer to Note (V) 27 for the details of long-term payables due within 1 year.
(6) Please refer to Note (V) 28 for the details of other non-current liabilities due within 1 year
27. Long-term payables
(3) Details of long-term payables are as follows:
Unit: RMB
Lessee Lessor Duration Principal Annual Interest Balance at Lending
Rate payables 2013/6/30 condition
(%)
Norwegian energy Financial
Minhang
technology letters 15years 8,250,000.00 5.94 2,797,667.00 4,360,711.45 leasehold
Hotel (Shanghai) Co., Ltd.
Norwegian energy Financial
Da Hua
technology letters 10years 4,830,000.00 7.83 1,487,842.25 2,665,518.10 leasehold
Hotel (Shanghai) Co., Ltd.
Total 13,080,000.00 4,285,509.25 7,026,229.55
(4) Details of financial leasehold payables are as follows:
Unit: RMB
2013/6/30 2012/12/31
Original currency RMB Original currency RMB
Within 1 year - 574,666.67 - 791,500.00
Between 1 to 2 years - 1,033,000.00 - 1,033,000.00
Between 2 to 3 years - 1,033,000.00 - 1,033,000.00
Over 3 years - 6,773,595.33 - 6,740,094.00
Minimum lease payment total - 9,414,262.00 - 9,597,594.00
Unrecognized financing costs - 2,388,032.45 - 2,475,590.76
Financial leasehold payables - 7,026,229.55 - 7,122,003.24
Including: due within 1 year - 235,692.55 - 432,496.32
due after 1 year - 6,790,537.00 - 6,689,506.92
There is no guarantee from third party for the Group's finance lease.
109
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
28. Other non-current liabilities
Unit: RMB
Name 2013/6/30 2012/12/31
Deferred revenue 6,537,328.62 2,936,400.84
Less: other non-current liabilities due within 1 year 16,000.00 16,000.00
Other non-current liabilities due after 1 year 6,521,328.62 2,920,400.84
29. Share capital
Unit: RMB
Change for the period
Opening Capitalisation Closing
balance New issue Bonus balance
of surplus Others Subtotal
of share issue
reserve
From 2012/12/31 to 2013/6/30:
I. Restricted tradable
shares
1 State-owned shares - - - - - - -
2. State-owned legal - - - - -
- -
person shares
3. Other domestic - - - - -
- -
shares
4. Other foreign - - - - -
- -
shares
Total restricted tradable - - - - -
- -
shares
II.Tradable shares
1. Ordinary shares - - - - -
447,240,740.00 447,240,740.00
denominated in RMB
2. Foreign capital - - - - -
shares listed 156,000,000.00 156,000,000.00
domestically
3. Foreign capital - - - - -
- -
shares listed overseas
4. Others - - - - - - -
Total tradable shares 603,240,740.00 - - - - - 603,240,740.00
III. Total shares 603,240,740.00 - - - - - 603,240,740.00
From 2012/12/31 to 2013/6/30:
I. Restricted tradable
shares
1 State-owned shares - - - - - - -
2. State-owned legal - - - - -
- -
person shares
3. Other domestic - - - - -
- -
shares
4. Other foreign - - - - -
- -
shares
Total restricted tradable - - - - -
- -
shares
II.Tradable shares
1. Ordinary shares - - - - -
447,240,740.00 447,240,740.00
denominated in RMB
2. Foreign capital - - - - -
shares listed 156,000,000.00 156,000,000.00
domestically
3. Foreign capital - - - - -
- -
shares listed overseas
4. Others - - - - - - -
Total tradable shares 603,240,740.00 - - - - - 603,240,740.00
III. Total shares 603,240,740.00 - - - - - 603,240,740.00
On 23 January 2006, the share merger reform was carried out. The unlisted A share shareholders of the Company
transferred to public A share shareholders with 1 to 3 years' restriction on transaction. As at 23 January 2009, all
shares held by the shareholders formerly holding the unlisted shares were listed (refer to Note (I)).
110
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
30. Capital reserve
Unit: RMB
Item Opening balance Addition Deduction Closing balance
From 2012/12/31 to 2013/6/30:
Share premium 1,494,950,907.58 - - 1,494,950,907.58
Including: Capital injected by investors 605,917,945.00 - - 605,917,945.00
Differences derived from business
combination involving enterprises under 1,026,105,852.62 - - 1,026,105,852.62
common control
Premium derived from the acquisition of
(137,072,890.04) - - (137,072,890.04)
minority interest
Other comprehensive income 624,019,321.85 - (158,873,826.94) 465,145,494.91
Including: Fair value changes on available-for-sale
825,492,942.34 - (211,831,769.26) 613,661,173.08
financial assets
Tax effect derived from available-for-sale
(206,373,236.02) - 52,957,942.32 (153,415,293.70)
financial assets
Change in capital reserve of invested
1,574,076.72 - - 1,574,076.72
entities under equity method
Assets revaluation gain in business
combination involving enterprises not 3,325,538.81 - - 3,325,538.81
under common control
Other capital reserve-Transfer from capital reserve
163,502,812.00 - - 163,502,812.00
under the previous accounting system
Total 2,282,473,041.43 - (158,873,826.94) 2,123,599,214.49
From 2012/12/31 to 2013/6/30:
Share premium 1,516,983,652.82 - (22,032,745.24) 1,494,950,907.58
Including: Capital injected by investors 605,917,945.00 - - 605,917,945.00
Differences derived from business
combination involving enterprises under 1,026,105,852.62 - - 1,026,105,852.62
common control
Premium derived from the acquisition of
(115,040,144.80) - (22,032,745.24) (137,072,890.04)
minority interest
Other comprehensive income 456,596,981.26 140,146,980.72 - 596,743,961.98
Including: Fair value changes on available-for-sale
602,408,973.84 186,862,640.98 - 789,271,614.82
financial assets
Tax effect derived from available-for-sale
(150,602,243.89) (46,715,660.26) - (197,317,904.15)
financial assets
Change in capital reserve of invested
1,464,712.50 - - 1,464,712.50
entities under equity method
Assets revaluation gain in business
combination involving enterprises not 3,325,538.81 - - 3,325,538.81
under common control
Other capital reserve-Transfer from capital reserve
163,502,812.00 - - 163,502,812.00
under the previous accounting system
Total 2,137,083,446.08 140,146,980.72 (22,032,745.24) 2,255,197,681.56
31. Surplus reserve
Unit: RMB
Item Opening balance Addition Deduction Closing balance
From 2012/12/31 to 2013/6/30:
Statutory surplus reserve 301,620,370.00 - - 301,620,370.00
Discretionary surplus reserve 180,681,288.50 - - 180,681,288.50
Total 482,301,658.50 - - 482,301,658.50
From 2012/12/31 to 2013/6/30:
Statutory surplus reserve 301,620,370.00 - - 301,620,370.00
Discretionary surplus reserve 180,681,288.50 - - 180,681,288.50
Total 482,301,658.50 - - 482,301,658.50
111
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
31. Surplus reserve – continued
Pursuant to the PRC Company Law and Article of association, the Company appropriates 10% of net profit for the
year as statutory surplus reserve. When the balance of such reserve reaches 50% of the Companys registered share
capital, any further appropriation is optional. The statutory surplus reserve can be utilized to offset prior years losses
or capitalized into share capital upon approval. The discretionary surplus reserve fund can be utilized to offset prior
years losses or capitalized into share capital upon approval.
The Company's statutory surplus reserve has reached the 50% of the Companys registered share capital, RMB
301,620,370.00. During the reporting period, the Company didn't appropriate surplus reserve.
32. Unappropriated profits
Unit: RMB
Item Amount Proportion of addition
From 2013/1/1 to 2013/6/30:
Before adjustment: Unappropriated profits at the end of 878,396,483.97
last year
Adjustment: Total amount of unappropriated profits at -
beginning of period (Addition+, Deduction-)
After adjustment: Unappropriated profits at beginning of 878,396,483.97
period
Add: Net profit for attributable to shareholders of the 168,057,536.12
parent for the period
Less: Appropriation to statutory surplus reserve -
Appropriation to discretionary surplus reserve -
Dividends payable 223,199,073.80 Cash dividends amounting to RMB 0.37 per share
Ordinary shares dividends converted -
into share capital
Unappropriated profits at end of period 823,254,946.29
From 2012/1/1 to 2012/6/30:
Before adjustment: Unappropriated profits at the end of 726,406,089.09
last year
Adjustment: Total amount of unappropriated profits at -
beginning of period (Addition+, Deduction-)
After adjustment: Unappropriated profits at beginning of 726,406,089.09
period
Add: Net profit for attributable to shareholders of the 224,766,986.23
parent for the period
Less: Appropriation to statutory surplus reserve -
Appropriation to discretionary surplus reserve -
Dividends payable 217,166,666.40 Cash dividends amounting to RMB 0.36 per share
Ordinary shares dividends converted -
into share capital
Unappropriated profits at end of period 734,006,408.92
(1) Cash dividends approved by General Meeting of Shareholders:
On 28 May 2013, the General Meeting of Shareholders approved the scheme on dividends distribution of the
Company, which proposes to distribute a dividend of RMB 0.37 per share to the shareholders, calculated based on
the total share of 603,240,740 (with the par value of RMB 1 per share). The dividends were paid on 28 June 2013.
(2) There is no profits distribution after reporting date.
112
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
33. Minority interests
Details of minority interests are as follows:
Unit: RMB
Name of the minority shareholders 2013/6/30 2012/12/31
1. Minority shareholders of Shanghai New Asia
Caféde Coral Co., Ltd:
Tin Hang China Ltd. 6,476,609.13 7,003,588.08
2. Minority shareholders of Jin Jiang Inn Co.,
Ltd.:
Shanghai Yu Yuan Group Co., Ltd 8,605,986.30 8,438,306.03
Suzhou New District Lion Asset Management 5,362,104.38 5,857,261.66
Company
Shanghai Pudong Heqing Embroidery Clothing 4,868,981.32 6,947,824.72
(Group) Co., Ltd
Shengyang Grocery Group 4,500,000.00 -
Shanghai Huamu Economic Development 3,898,994.95 4,628,180.07
Corporation
Yangzhou Shuangqiao Agriculture Corporation 2,047,329.67 2,177,810.91
Shanghai Minhang District Commercial 766,560.00 1,198,560.00
Construction Co., Ltd.
3. Minority of Shanghai Jin Jiang Tung Lok
Catering Management Inc:
Tung Lok (China) Holdings Limited 2,660,016.68 2,588,444.02
Total 39,186,582.43 38,839,975.49
34. Operating income and operating costs
(7) Operating income and operating costs:
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Principal operating income 1,186,953,351.19 1,098,863,563.18
Other operating income 16,367,591.01 14,111,638.36
Subtotal - operating income 1,203,320,942.20 1,112,975,201.54
Principal operating costs 136,126,508.80 127,487,281.01
Other operating costs 4,650,029.56 2,413,818.41
Subtotal - operating costs 140,776,538.36 129,901,099.42
(8) Principal operating income and principal operating cost by industries:
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Principal operating Principal operating Principal operating Principal operating
Industry income costs income costs
Limited service hotels 1,066,983,270.31 79,148,247.56 997,879,631.31 76,340,230.47
operation and management
Food and restaurant 119,970,080.88 56,978,261.24 100,983,931.87 51,147,050.54
Total 1,186,953,351.19 136,126,508.80 1,098,863,563.18 127,487,281.01
113
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
34. Operating income and operating costs - continued
(9) Other operating income and other operating costs by industries:
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Other operating Other operating Other operating Other operating
Industry income costs income costs
Lease of properties 13,934,237.58 4,570,623.20 12,460,626.12 2,351,585.69
Others 2,433,353.43 79,406.36 1,651,012.24 62,232.72
Total 16,367,591.01 4,650,029.56 14,111,638.36 2,413,818.41
(10) Operating income by area
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Shanghai 540,688,274.65 458,139,235.75
Other area outside Shanghai 662,632,667.55 654,835,965.79
Total 1,203,320,942.20 1,112,975,201.54
(11) Operating income and costs of economy hotels operation and management by sources:
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Industry operating income operating costs operating income operating costs
Rooms 758,029,316.53 - 722,301,884.45 -
Food and restaurant 97,312,334.52 54,776,218.60 104,207,245.89 62,214,417.20
Commodity sales 16,610,344.38 17,162,209.99 11,240,378.83 9,138,664.44
Management:
Initial fee 36,301,188.73 - 27,642,647.39 -
Management fee 68,366,900.24 - 54,894,350.06 -
Reservation channel 17,407,691.40 - 10,229,692.88 -
fee (Note)
Others 20,517,250.45 - 13,345,737.85 -
Subtotal of Management 142,593,030.82 - 106,112,428.18 -
Others:
Membership cards 38,240,707.53 - 32,415,114.58 -
Lease of properties 13,825,037.58 4,105,830.96 11,959,903.54 2,002,888.97
Others 15,901,595.07 7,289,225.33 23,253,591.62 5,049,381.55
Subtotal of Others 67,967,340.18 11,395,056.29 67,628,609.74 7,052,270.52
Total 1,082,512,366.43 83,333,484.88 1,011,490,547.09 78,405,352.16
Note： Reservation channel fee is based on the effective number of rooms sold and definite standard which are from
the room reservation sent by central reservation system.
114
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
34. Operating income and operating costs - continued
(12) Details of the revenue from top 5 customers of the Group are as below:
Unit: RMB
Name of customer Operating income Ratio (%)
Shanghai Futures Exchange 3,563,784.43 0.30%
Shanghai Qijiao Property Management Co.,Ltd. 3,383,623.96 0.28%
Zhangjiang Branch
The Westin Bund Center 2,731,218.00 0.23%
Oriental Securites Company Limited 2,311,950.55 0.19%
China Foreign Exchange Trading Center 2,275,856.94 0.19%
Total 14,266,433.88 1.19%
35. Costs and expenses by nature
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Cost of goods sold 124,450,992.31 110,981,066.57
Employee benefits 306,899,246.20 275,621,174.73
Including: Wages or salaries 232,964,225.41 217,825,164.95
Social insurance 48,528,863.53 40,073,617.94
Housing fund 9,770,156.32 7,254,718.34
Welfare 9,366,606.82 6,717,132.19
Other expenditures 6,269,394.12 3,750,541.31
Utilities and material consumption 149,843,841.58 142,585,679.68
Depreciation and amortization 154,737,220.98 155,078,410.46
Rental of operating lease 176,104,488.83 146,586,682.80
Repair and maintenance fee 13,896,624.15 10,498,015.91
Property tax and other levies 6,831,171.12 5,468,300.22
Others 85,948,425.44 81,744,593.05
Total 1,018,712,010.61 928,563,923.42
36. Business taxes and levies
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
Tax base
to 2013/6/30 to 2012/6/30
Business tax 59,187,152.82 55,425,166.94 Taxable income
Urban maintenance and 4,117,501.11
Rotation taxation
construction tax 3,826,641.92
Levi for education 2,992,084.47 2,770,320.56 Rotation taxation
Others 40,067.17 20,123.20 --
Total 66,336,805.57 62,042,252.62
115
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
37. Financial expenses
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Interest expenses 1,331,281.86 837,027.54
Less: Interest expenses capitalized - -
Less: Interest income 4,620,367.81 5,049,420.49
Foreign exchange difference (367,742.27) 453,323.02
Less﹕Foreign exchange difference capitalized - -
Others 7,047,175.20 8,398,929.29
Total 3,390,346.98 4,639,859.36
38. Borrowings cost
Unit: RMB
Item Borrowings cost capitalized in Capitalization rate
current period
Inventory - -
Bearer biological assets - -
Public welfare biological assets - -
Construction in progress - -
Intangible assets - -
Subtotal of borrowings cost capitalized in - -
current period
Borrowings cost recorded in current period 1,331,281.86 -
profit and loss
Subtotal of borrowings cost for current period 1,331,281.86 -
39. Impairment loss in respect of assets
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
I.Impairment loss (Reversal) of bad debt - -
II.Impairment loss of inventories - -
III.Impairment loss of available for sale financial
- -
assets
IV.Impairment loss of held to maturity financial
- -
assets
V.Impairment loss of long-term equity
- 4,433,011.03
investments
VI.Impairment loss of investment property - -
VII.Impairment loss of fixed assets - -
VIII. Impairment loss of construction in progress - -
IX. Impairment loss of intangible assets - -
X. Impairment loss of goodwill - -
Total - 4,433,011.03
116
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
40. Investment income
(6) Details of investment income are as follows:
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Investment income from long-term equity 51,707,128.31 44,330,748.00
investments under cost method of accounting
Investment income from long-term equity (34,714,083.48) 24,189,520.51
investments under equity method of accounting
Investment income from available-for-sale financial 23,537,477.76 12,441,238.80
assets
Gain on disposal of available-for-sale financial assets 40,068,645.88 77,848,717.74
Total 80,599,168.47 158,810,225.05
(7) Investment income from long-term equity investments under cost method of accounting
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1 Explanation on the
Investee
to 2013/6/30 to 2012/6/30 changes
Hangzhou Kentucky Fried Increase of Dividends
32,136,184.70 28,665,193.14
Chicken Company Limited distribution
Suzhou Kentucky Fried Increase of Dividends
12,324,839.68 10,203,306.15
Chicken Company Limited distribution
Wuxi Kentucky Fried Chicken Increase of Dividends
5,951,247.33 5,282,248.71
Company Limited distribution
Others 1,294,856.60 180,000.00 --
Total 51,707,128.31 44,330,748.00
(8) Investment income from long-term equity investments under euqity method of accounting
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1 Explanation on the
Investee
to 2013/6/30 to 2012/6/30 changes
The decline of revenue
Shanghai Kentucky Fried
(33,216,049.23) 26,969,638.86 result in losses in this
Chicken Company Limited
period
Due to the increase in
Shanghai Yoshinoya
(3,305,376.17) (4,304,312.34) operating income, losses
Company Limited
decrease in this period
Due to the increase in
Shanghai New Asia Fulihua operating income, current
1,979,569.60 1,498,646.30
Catering Company Limited period profit is better than
last period
Shanghai Jing An Bakery Co., --
(280,475.82) -
Ltd.
Shanghai Xinlu Catering --
108,248.14 25,547.69
Development Co., Ltd.
Total (34,714,083.48) 24,189,520.51
There is no significant restriction on remittance of the Companys gains on investment.
117
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
40. Investment income - continued
(9) Investment income from available-for-sale financial assets
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1
Investee
to 2013/6/30 to 2012/6/30
Changjiang Securities Company Limited (Note) 23,126,000.00 12,123,000.10
Others 411,477.76 318,238.70
Total 23,537,477.76 12,441,238.80
Note：In the reporting period, Changjiang Securities distributed a cash dividend of 0.2 Yuan/share to all the
shareholders (0.1Yuan/share in last period).
(10) Gain on disposal of available-for-sale financial assets
Unit: RMB
Investee Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Changjiang Securities (Stock code: 000783) (Note) 40,068,645.88 70,983,946.28
Yuyuan Tourist Mart (Stock code: 600655) - 6,864,771.46
Total 40,068,645.88 77,848,717.74
Note：In the reporting period, the Company sold 5,600,000 shares of Changjiang Securities, while 9,566,701 shares
of Changjiang Securities were sold in the previous period.
41. Non-operating income
(3) Details of non-operating income are as follows:
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Gains on disposal of non-current assets 15,531.44 220,108.73
Including: Gain on disposal of fixed assets 15,531.44 220,108.73
Government grants 19,046,502.02 9,841,795.52
Compensation from third party 220,279.42 11,617.98
Others 2,040,925.56 1,130,301.13
Total 21,323,238.44 11,203,823.36
(4) Details of government grants are as follows:
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Subsidies relating to financial support from local
19,046,502.02 9,841,795.52
authorities
Total 19,046,502.02 9,841,795.52
Note: Included in subsidies relating to financial support from local authorities in the reporting period is industry
supporting funds of Jinjiang Inn, and supporting funds for breakfast project of New Asia Caféde Coral.
118
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
42. Non-operating expenses
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Losses on disposal of non-current assets 208,904.66 3,258,421.16
Including: losses on disposal of fixed assets 208,904.66 2,308,759.25
Penalty Losses 263,235.25 80,673.09
Others 392,340.95 856,261.57
Total 864,480.86 4,195,355.82
43. Income taxes
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Current income tax calculated according to tax
53,819,810.53 60,205,224.45
laws and relevant regulations
Additional tax paid in respect of the prior year (511,135.72) (1,834,503.40)
Deferred income tax expense (7,254,672.78) (4,040,637.82)
Total 46,054,002.03 54,330,083.23
Reconciliation of income tax expenses to the accounting profit is as follows:
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Accounting profit 215,939,705.09 279,114,847.70
Income tax expenses calculated at 25% 53,984,926.27 69,778,711.93
Effect of expenses that are not deductible for tax
566,789.98 564,759.39
purposes
Effect of tax-free income (13,993,580.07) (21,606,561.00)
Effect of unrecognised deductible losses and
7,127,923.15 7,901,736.37
deductible temporary differences for tax purposes
Effect of using previously unrecognised deductible
losses and deductible temporary differences for tax (1,100,146.35) (441,050.46)
purposes
Effect of different tax rates of subsidiaries (20,775.23) (33,009.60)
Additional tax paid in respect of the prior year (511,135.72) (1,834,503.40)
Total 46,054,002.03 54,330,083.23
119
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
44. Minority interests
Details of minority interests are as follows:
Unit: RMB
Name of the minority shareholders Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
1. Minority shareholders of Jin Jiang Inn Co.,
Ltd.:
Shanghai Huamu Economic Development 790,814.88 765,076.86
Corporation
Shanghai Minhang District Commercial
466,560.00 864,000.00
Construction Co., Ltd.
Suzhou New District Lion Asset Management 464,842.72 478,203.94
Company
Shanghai Yu Yuan Group Co., Ltd. 255,680.27 123,638.49
Yangzhou Shuangqiao Agriculture Corporation 184,518.76 197,868.55
Shanghai Pudong Heqing Embroidery Clothing 121,156.60 (72,923.53)
(Group) Co., Ltd.
2. Minority of Shanghai Jin Jiang Tung Lok
Catering Management Inc:
Tung Lok (China) Holdings Limited 71,572.66 394,731.65
3. Minority shareholders of Shanghai New Asia
Caféde Coral Co., Ltd.:
Tin Hang China Ltd. (526,978.95) (2,738,617.88)
4. Others - 5,800.16
Total 1,828,166.94 17,778.24
45. Earnings per share
Calculating basic earnings per share, the current period net profit attributable to shareholders are as follows:
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Net profit for current period attributable to common 168,063,830.42 224,766,986.23
stock shareholders
Including:Net profit from continuing operations 168,063,830.42 224,766,986.23
Net profit from discontinuing operations - -
The denominator is the weighted average number of outstanding ordinary shares and its calculation process is as
follows:
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Number of ordinary shares outstanding at the 603,240,740.00 603,240,740.00
beginning of period
Add: weighted average number of ordinary shares - -
issued during the period
Less: weighted average number of ordinary shares - -
repurchased during the period
Number of ordinary shares outstanding at the closing 603,240,740.00 603,240,740.00
of year
120
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
45. Earnings per share – continued
Unit: RMB
Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Net profit from the period attributable to shareholders
of the parent:
Basic earnings per share 0.2786 0.3726
Diluted earnings per share (Note) N/A N/A
Net profit from continuing operations for the period
attributable to shareholders of the parent
Basic earnings per share 0.2786 0.3726
Diluted earnings per share (Note) N/A N/A
Net profit from discontinued operations for the period
attributable to shareholders of the parent
Basic earnings per share - -
Diluted earnings per share - -
Note: As there are no potentially dilutive securities, there is no difference between the basic and diluted earnings per
share.
121
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
46. Other comprehensive income (loss)
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
1. Fair value gain (loss) on of available-for-sale financial (211,831,769.26) 186,862,640.98
assets
Less:Income tax relating to available-for-sales financial (52,957,942.32) 46,715,660.26
assets
Amounts previously recognised in other comprehensive - -
income being reclassified to profit or loss
Sub-total (158,873,826.94) 140,146,980.72
2. Share of other comprehensive income of - -
investees under equity method of accounting
Less: Income tax relating to Share of other - -
comprehensive income of investees under equity method
of accounting
Amounts previously recognised in other comprehensive - -
income being reclassified to profit or loss
Sub-total - -
3. Gain (or Loss) derived from Cash flow hedge - -
instrument
Less: Income tax relating to cash flow hedge instrument - -
Amounts previously recognised in other comprehensive - -
income being reclassified to profit or loss
Adjustment for initial recognition of hedged item - -
Sub-total - -
4. Foreign currency translation differences of financial - -
statements
Less: Net gain/loss derived from disposal of overseas - -
operation
Sub-total - -
5. Assets appreciation derived from business - -
combination involving enterprises not under common
control
Less: Income tax relating to assets appreciation derived - -
from business combination involving enterprises not
under common control
Amounts previously recognised in other comprehensive - -
income being reclassified to profit or loss
Sub-total - -
Total (158,873,826.94) 140,146,980.72
122
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
47. Notes to the cash flow statements
(6) Other cash receipts relating to operating activities:
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Government grants 19,046,502.02 9,841,795.52
Interest income 5,225,513.04 5,768,280.09
Others 3,179,905.85 1,546,742.82
Total 27,451,920.91 17,156,818.43
(7) Other cash payments relating to operating activities
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Rental expenses 161,981,260.66 133,721,660.57
Payment of bank charges 7,047,175.20 8,398,929.29
Other payments in General and administrative expenses 56,011,597.43 75,592,093.63
and selling and distribution expenses
Others 287,833.93 1,390,257.68
Total 225,327,867.22 219,102,941.17
(8) Net cash payment to acquisition and other business units
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Net cash payment to acquire Smartel 628,084,937.71 -
Total 628,084,937.71 -
(9) Cash receipts from borrowings
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Entrusted borrowings from Jinjiang International 1,100,000,000.00 -
Total 1,100,000,000.00 -
(10) Cash repayments of borrowings
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Smartel's repayments of borrowings 675,000,000.00 -
Total 675,000,000.00 -
123
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
48. Supplementary information of cash flows
(3) Supplementary information of cash flows
Unit: RMB
Supplementary information Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
1.Reconciliation of net profit to cash flow from
operating activities:
Net profit 169,885,703.06 224,784,764.47
Add: Provision for asset impairment - 4,433,011.03
Depreciation of fixed assets 70,146,793.11 70,414,834.89
Amortization of intangible assets 7,727,163.35 7,050,367.15
Amortization of long-term prepayments 76,863,264.52 77,613,208.42
Gains on disposal of fixed assets, intangible
193,373.22 3,038,312.43
assets and other long-term assets (Less:gain)
Financial expenses (Less:gain) 1,331,281.86 837,027.54
Gains arising from investments (Less:gain) (80,599,168.47) (158,810,225.05)
Decrease in deferred tax assets (Less:gain) (7,191,588.53) (3,506,775.97)
Increase in deferred tax liabilities (63,084.25) (533,861.85)
(Less:decrease)
Decrease in Inventory (Less:gain) 3,574,343.53 862,338.98
Decrease (increase) in operating receivables (22,882,639.36) (8,415,703.03)
Increase (decrease) in operating payables 69,798,645.83 62,136,544.98
Net cash flow from operating activities 288,784,087.87 279,903,843.99
2.Significant investing and financing activities that
do not involve cash receipts and payments
Purchase fixed assets by debt - 22,244,902.10
Purchase long-term investment by debt 47,345,057.89 -
3.Net changes in cash and cash equivalents:
Cash at end of period 464,475,655.57 585,788,078.84
Less: Cash at beginning of period 751,746,245.14 593,770,377.96
Add: Cash equivalents at end of period - -
Less: Cash equivalents at beginning of period - -
Net increase(decrease) in cash and cash (287,270,589.57) (7,982,299.12)
equivalents
(4) Cash and cash equivalents
Unit: RMB
Item Period from 2013/1/1 Period from 2012/1/1
to 2013/6/30 to 2012/6/30
Cash 464,475,655.57 751,746,245.14
Including: Cash on hand 11,406,502.84 6,215,216.77
Bank deposits that can be readily 453,069,152.73 745,531,028.37
Other cash on demand for payment
withdrawn balance used - -
Cash equivalents
readily - -
Closing balance of cash and cash equivalents 464,475,655.57 751,746,245.14
124
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
V. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – continued
49. Assets and liabilities recognized at fair value
Unit: RMB
Accumulative change in fair value
Item 2012/12/31 2013/6/30 charged into equity
Financial assets
Available for sale
1,150,338,438.54 923,806,899.78 (211,831,769.26)
financial assets
Financial liabilities - - -
There are no foreign currency financial assets or liabilities in current reporting period.
125
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VI RELATED PARTY RELATIONSHIPS AND TRANSACTIONS
1. Basic information of parent company
Unit: RMB
Corpor
ate Equity Voting Ultimate Organizations
Name of Category of Registered represe Registered interests rights holding and agencies
company Relationship enterprise address ntative Principal operation capital (%) (%)) company code
State assets operation and
management,corporate investment
and management,hotel service,food,
No.100
Ultimate Limited travelling services,vehicle operating, RMB
Jin Jiang Yanan East Yu Min
holding company transportation services, amusement 200 34.98 50.32 - 13220371-2
International Road,Shang liang
company (state-owned) service ,domestic trading, property million
hai,PRC
management,owned building,rental
hotel,property agent,related
consulting service and etc.
Room316-31
8,No.24
Yangxin
Hotels Investment,hotel management RMB Jin Jiang
Jin Jiang Parent Stock Limited East Road, Yu Min
and others 556.6 50.32 50.32 Internation 132237069
Hotels Group company Pudong liang
million al
District,Shan
ghai,PRC
Additional information of parent company
On 6 June 1995, Jin Jiang Hotels Group Stock Limited was restructured from Shanghai New Asia Group Co., Ltd in PRC, principal operation of that include hotels
investment, food and others.On 15 Decemember 2006, Jin Jiang Hotels Groups share was approved to list in Hongkong Stock Exchange.Its parent company and
ultimate holding company is Jin Jiang International.
2. Basic information of subsidiary
The general information and other related information of the subsidiaries is set out in note (IV)1.
3. Basic information of jointly controlled entities and associate
The Company has no jointly controlled entities. The general information and other related information of associate is set out in Note (V) 9.
126
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VI RELATED PARTY RELATIONSHIPS AND TRANSACTIONS – continued
4. Other related parties
Name of the company Relationship with the Group
Shanghai Jin Jiang Hotels (Group) Co., Ltd.New Jin Jiang Hotel Branch of parent company
Shanghai Jin Jiang International Hotels (Group) Co., Ltd.
New Asia Hotel Branch of parent company
Shanghai Jin Jiang International Hotels (Group) Co., Ltd.
Metro Hotel Branch of parent company
Shanghai Jin Jiang Hotel Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang international Hotel Co., Ltd. Fellow subsidiary
Cypress Hotel Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang Pacific Hotel Co., Ltd. Fellow subsidiary
Y.M.C.A Hotel Co., Ltd. Fellow subsidiary
Shanghai Hongqiao Hotel Co., Ltd. Fellow subsidiary
Shanghai Galaxy Hotel Co., Ltd. Fellow subsidiary
Shanghai Hotel Co., Ltd. Fellow subsidiary
Jinshajiang Hotel Co., Ltd. Fellow subsidiary
Shanghai Peace Hotel Co., Ltd. Fellow subsidiary
Kunming Jin Jiang Hotel Co., Ltd. Fellow subsidiary
Wuhan Jin Jiang Hotel Co., Ltd. Fellow subsidiary
Sofitel Shanghai Hyland Hotel Co., Ltd. Fellow subsidiary
Shanghai Jianguo Hotel Co., Ltd. Fellow subsidiary
Xian Xijing Intl Hotel Co., Ltd Fellow subsidiary
Shanghai BaiYulan Hotel Co., Ltd. Fellow subsidiary
Jin Jiang International Finance Co., Ltd. Fellow subsidiary
Shanghai New Asia Plaza Great Wall Hotel Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang International Hotel Commodities Co., Ltd. Fellow subsidiary
Jin Jiang International Hotel Management Co., Ltd. Fellow subsidiary
Jin Jiang International Hotel Management College Fellow subsidiary
Shanghai Jin Jiang Vocational School Fellow subsidiary
Shanghai Hua Ting Guest House Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang Travel Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang International Travel Corporation Fellow subsidiary
Shanghai China Tour Guide Services Co., Ltd. Fellow subsidiary
Shanghai Jin Jiang Jin Jiang International
Industrial Investment Fellow subsidiary
Shanghai Hua Ting Hotel and Towers Co., Ltd. Fellow subsidiary
Shanghai Jing An Bakery Co., Ltd. Fellow subsidiary
Shanghai New Garden Hotel Jointly controlled entity of
parent companry
Thayer Jin Jiang Interactive Co., Ltd. Jointly controlled entity of
parent companry
Shanghai Jin Jiang Tomson Hotel Co., Ltd. Jointly controlled entity of
parent companry
Shanghai Jin Jiang International Les Roches Hotel
Management College Associate of parent companry
Beijing Kunlun Hotel Co., Ltd. Associate of parent companry
companryJiangsu Jin Jiang Nanjing Hotel Co., Ltd. Associate of parent companry
Wuxi Jin Jiang Grand Hotel Co., Ltd. Associate of parent companry
Shanghai Yangtze Hotel Co., Ltd Associate of parent companry
(Together, Jin Jiang Hotels Group and all above entities named as “Jin Jiang Hotels Group and related
entities”)
127
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VI RELATED PARTY RELATIONSHIPS AND TRANSACTIONS – continued
4. Other related parties – continued
Name of the company Relationship with the Group
Shanghai Longshen business service Co., Ltd Subsidiary of ultimate holding company
Shanghai Food (Group) Co., Ltd. Subsidiary of ultimate holding company
Shanghai New Asia (Group) Trade Co., Ltd. Subsidiary of ultimate holding company
Jiaozhou Resort Hotel of Shanghai Food Group
Hotel Management Co., Ltd. Subsidiary of ultimate holding company
Shanghai Jin Jiang advertising Co.,Ltd Subsidiary of ultimate holding company
Shanghai Jin Jiang Amusement Park Subsidiary of ultimate holding company
Jinyuan Inn of Shanghai Foods Group Subsidiary of ultimate holding company
Shanghai Jin Jiang property management Co., Ltd. Subsidiary of ultimate holding company
Shanghai Genjie investment management Co., Ltd. Subsidiary of ultimate holding company
Shanghai JC Mandarin Hotel Co., Ltd. Subsidiary of ultimate holding company
Hong Kong Jin Jiang Travle Co., Ltd Subsidiary of ultimate holding company
Shanghai East Jin Jiang Hotel Co., Ltd. Associate of ultimate holding company
(Together, Jin Jiang International and all above entities named as “Jin Jiang International and related
entities”)
128
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VI RELATED PARTY RELATIONSHIPS AND TRANSACTIONS – continued
5. Related party transactions
(7) Purchases or sales of goods, rendering or receiving of services
Unit: RMB
Period ended 2013/06/30 Period ended 2012/12/31
Related parties Transaction type Transaction nature Transaction pricing Amount Ratio(%) Amount Ratio(%)
1.Managment fee
Rendering of Management fee of economy hotel 283,659.30 0.52
Jin Jiang International and related entities Performed by contracts 289,401.90 0.30
services
Rendering of Management fee of economy hotel 251,849.45 0.46
Jin Jiang Hotels Group and related entities Performed by contracts 203,681.48 0.42
services
Sub-total 493,083.38 0.72 535,508.75 0.98
2.Sales of room service
Rendering of
Jin Jiang Hotels Group and related entities Revenue of room Performed by contracts - - 53,523.00 0.01
services
Rendering of
Jin Jiang International and related entities Revenue of room Performed by contracts - -- 43,445.53 0.01
services
Sub-total - - 96,968.53 0.02
3.Market co-ordination fee
Rendering of Performed by contracts 114,990.07 60.45 122,825.50 61.79
Jin Jiang Hotels Group and related entities Revenue of market Co-ordination
services
Rendering of Performed by contracts 75,233.54 39.55 75,966.05 38.21
Jin Jiang International and related entities Revenue of market Co-ordination
services
Sub-total 190,223.61 100.00 198,791.55 100.00
4.Sales of catering service
Rendering of Performed by contracts 35,274.08 0.46 16,685.99 0.47
Jin Jiang Hotels Group and related entities Mooncake ODM
services
Rendering of Performed by contracts 5,016.73 0.06 23,790.82 0.33
Jin Jiang International and related entities Mooncake ODM
services
Sub-total 40,290.81 0.52 40,476.81 0.80
129
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VI RELATED PARTY RELATIONSHIPS AND TRANSACTIONS – continued
5. Related party transactions – continued
(1) Purchases or sales of goods, rendering or receiving of services – continued
Unit: RMB
Period ended 2013/06/30 Period ended 2012/12/31
Related parties Transaction type Transaction nature Transaction pricing Amount Ratio(%) Amount Ratio(%)
5. Sales of goods and food
Jin Jiang Hotels Group and related entities Sales Sales of food Performed by contracts 633,886.72 19.56 38,188.03 11.17
Jin Jiang International and related entities Sales Sales of food Performed by contracts 332,062.57 10.25 - -
Sub-total 965,949.29 29.81 38,188.03 11.17
6. Sales of consulting service
Jin Jiang International and related entities Sales Sales of consulting service 238,560.00 100.00 - -
Sub-total 238,560.00 100.00 - -
7. Purchase
Purchase of hotel commodities and
Jin Jiang Hotels Group and related entities Purchase Performed by contracts 1,401,309.59 0.75 615,936.46 0.37
food
Jin Jiang International and related entities Purchase of hotel commodities and
Purchase Performed by contracts 64,756.50 0.03 141,906.06 0.09
food
Sub-total 1,466,066.09 0.78 757,842.52 0.46
8. Receiving of services
Receiving of Travelling fee
Jin Jiang Hotels Group and related entities Performed by contracts 680,185.00 7.48 1,012,857.00 11.34
services
Sub-total 680,185.00 7.48 1,012,857.00 11.34
Jin Jiang Hotels Group and related entities Receiving of Service fee of room reservation
Performed by contracts - - 126.00 0.00
services
Sub-total - - 126.00 0.00
Jin Jiang International and related entities Receiving of Service fee of membership points
Performed by contracts 875,441.26 100.00 - -
services
Sub-total 875,441.26 100.00 - -
130
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VI RELATED PARTY RELATIONSHIPS AND TRANSACTIONS – continued
5. Related party transactions – continued
(8) Leasing arrangements
Unit: RMB
Leaser Leasee Asset for leasement Beginning date Ending date Rental income Transaction pricing
The Company Shanghai Jin Jiang advertising Co.,Ltd Advertising location 01/05/2005 30/04/2015 425,002.20 Contract price
Shanghai Jin Jiang International Les Roches Contract price
Da Hua Hotel Office 01/04/2013 31/03/2014 109,000.02
Hotel Management College
Total 534,002.22
Unit: RMB
Leaser Leasee Asset for leasement Beginning date Ending date Rental expense Transaction pricing
Shanghai Genjie investment
Jin Jiang Inn Operating region 2007-01-01 2026-12-31 5,400,000.00 Contract price
management Co., Ltd.
Jinshajiang Hotel Co., Ltd. The Company Operating region 2013-04-01 2028-03-31 2,646,000.00 Contract price
Shanghai Hua Ting Guest House Co.,
The Company Operating region 2013-04-01 2028-03-31 2,142,000.00 Contract price
Ltd.
Shanghai BaiYulan Hotel Co., Ltd. The Company Operating region 2013-04-01 2028-03-31 2,226,000.00 Contract price
Shanghai Jin Jiang Tung Lok Catering
Shanghai Jin Jiang Hotel Co., Ltd. Restaurant 2006-06-06 2016-06-05 1,534,536.00 Contract price
Management Inc
Jin Jiang International The Company Office 2012-07-01 2013-06-30 698,430.00 Contract price
Shanghai New Asia Plaza Great Wall Shanghai New Asia Caféde Coral Co., Sales locationof Hengfeng
2007-12-01 2017-11-30 780,685.56 Contract price
Hotel Co., Ltd. Ltd. store
Jin Jiang International The Company Operating region 2012-01-01 2014-12-31 544,800.00 Contract price
Shanghai East Jin Jiang Hotel Co., Ltd. The Company Office 2013-02-01 2014-06-03 299,789.00 Contract price
Shanghai Jin Jiang Amusement Park Jin Jiang Inn Operating region 1996-07-01 2016-06-30 289,630.98
Shanghai Jin Jiang property Shanghai New Asia Caféde Coral Co., Sales locationof Haining
2012-01-01 2019-12-31 273,719.88 Contract price
management Co., Ltd. Ltd. store
Shanghai Jin Jiang Tung Lok Catering
Wuhan Jin Jiang Hotel Co., Ltd. Restaurant 2006-06-06 2016-06-05 264,320.01 Contract price
Management Inc
Shanghai Jin Jiang property
The company Office 2012-01-01 2013-12-31 57,126.00 Contract price
management Co., Ltd.
Shanghai Jin Jiang Tung Lok Catering
Shanghai Jin Jiang Hotel Co., Ltd. Office 2006-06-06 2016-06-05 18,000.00 Contract price
Management Inc
Total 17,175,037.43
131
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VI RELATED PARTY RELATIONSHIPS AND TRANSACTIONS – continued
5. Related party transactions – continued
(9) Entrusted operation
Unit: RMB
Asset for Rental Transaction
Principal Trustees Beginning date Ending date
entrustment expense pricing
Jin Jiang Hotels
The Company Operating region 2013-04-01 2028-03-31 7,536,000.00 Contract price
Group (note)
Total: 7,536,000.00
Note: Please refer to Note (V) 18.
(10) Financing
The transaction in period 2013/1/1-2013/6/30 and balance as of 30 June 2013:
Unit: RMB
Related parties Amount Beginning date Maturity Date 2013/06/30 Note
Loan
Finance Company 1,100,000,000.00 2013-6-24 2013-12-24 1,100,000,000.00 Entrusted
Total: 1,100,000,000.00 1,100,000,000.00
The transaction in year 2012 and balance as of 31 December 2012:
Unit: RMB
Related parties Amount Beginning date Maturity Date 2012/12/31 Note
Loan
Finance Company 4,500,000.00 2011-12-19 2012-12-19 - Guarantee
Total: 4,500,000.00 -
132
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VI RELATED PARTY RELATIONSHIPS AND TRANSACTIONS – continued
5. Related party transactions – continued
(4) Financing – continued
Interest exepense and interest income between the Group and related parties as below:
Unit: RMB
Item Period ended 2013/6/30 Period ended 2012/6/30
Interest exepense 1,013,600.00 42,804.00
Interest income 4,034,380.08 4,534,169.44
The Group has cash deposits in Finance Company.The balance and transactions are as follows:
Unit: RMB
Finance company Period ended 2013/6/30 Period ended 2012/6/30
Balance 225,743,692.62 500,432,211.22
Unit: RMB
Finance company Period ended 2013/6/30 Period ended 2012/6/30
Accumulative amount of deposits 3,310,813,593.71 4,201,585,883.21
Interest income 4,034,380.08 4,534,169.44
(11) During the reporting period, there was no transfer with related parties or debt restructuring occurred.
(12) No other transaction with related parties during this period.
133
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VI RELATED PARTY RELATIONSHIPS AND TRANSACTIONS – continued
6. Account receivables and payables with related parties
Unit: RMB
Item Related parties 2013/06/30 2012/12/31
Accounts 294,433.88 79,087.46
Jin Jiang International and related entities
receivable
Accounts 1,458,319.30 1,222,736.52
Jin Jiang Hotels Group and related entities
receivable
Sub total 1,752,753.18 1,301,823.98
Other receivables Jin Jiang Hotels Group and related entities 526,059.67 638,781.45
Sub total 526,059.67 638,781.45
Advance to Jin Jiang Hotels Group and related entities 2,050,000.00 -
suppliers
Sub total 2,050,000.00 -
Interest 2,169,261.45 1,775,103.94
Jin Jiang Hotels Group and related entities
receivable
Sub total 2,169,261.45 1,775,103.94
Accouts payable Jin Jiang International and related entities 5,509,600.08 3,625,351.17
Accouts payable Jin Jiang Hotels Group and related entities 104,556.01 61,084.70
Sub total 5,614,156.09 3,686,435.87
Other payables Jin Jiang Hotels Group and related entities 1,340,860.68 729,442.71
Other payables Jin Jiang International and related entities 881,264.70 881,264.70
Sub total 2,222,125.38 1,610,707.41
Advance from 283,332.60 283,332.60
Jin Jiang International and related entities
customers
Advance from 48,912.70 22,439.00
Jin Jiang Hotels Group and related entities
customers
Sub total 332,245.30 305,771.60
VII COMMITMENTS
1. Significant commitments
(1) Capital commitments
Unit: RMB
2013/06/30 2012/12/31
Capital commitments that have been entered into
agreements but have not been recognised in the
financial statements
- commitments for the acquisition of property, plant 32,927,157.51 69,769,215.61
and equipment
- investment commitments 1,865,344.00 5,382,305.08
Total 34,792,501.51 75,151,520.69
134
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
VII COMMITMENTS – continued
1. Significant commitments – continued
(2) Operating lease commitments
As at the balance sheet date, the Group has the following commitments in respect of non-cancellable operating
leases:
Unit: RMB
2013/06/30 2012/12/31
Minimum lease payments under
non-cancellable operating leases:
1st year subsequent to the balance sheet day 387,247,873.49 300,228,814.58
2nd year subsequent to the balance sheet day 413,529,298.23 324,785,670.63
3rd year subsequent to the balance sheet day 407,076,951.89 320,952,404.11
Subsequent periods 3,966,081,675.27 3,037,037,139.32
Total 5,173,935,798.88 3,983,004,028.64
2. Fulfillment of prior commitments
At the end of reporting period, the prior commitments have been fully achieved.
VIII Contingent Events
At the end of reporting period, the Group has no significant contingencies that need to be disclosed.
IX Significant Subsequent Events
At the end of reporting period, the Group has no significant subsequent events that affect the financial report.
X SEGMENT INFORMATION
According to internal organization and management structure and internal reporting system, the Group identify
three reporting segment on base of business type. The management of Group assigns resources and assesses
achievement according to periodical assessment on reporting segment.
An agreement was approved by the board of directors of the Company in March 2013 that the Company will
concentrate on developing limited service hotels, which will contribute to the long-term development of the
Company's hotel operation. During the reporting period, "Economy hotels Operation and management business"
changed its name to "Limited service hotels Operation and management business".
Segment accounting policies are the accounting policies adopted for preparing the consolidated financial
statements or the financial statements of the enterprise.
Transfer price in segments is decided according to market price and indirect expenses are allocated to segment by
revenue.
135
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
X SEGMENT INFORMATION - continued
Segment information
Segment information for the period 2013/1/1-2013/6/30 is set below:
UNIT: RMB
Limited service hotels
Operation and management Food and restaurant business Others Inter-segment eliminations Total
business(Note)
Operating income
Revenue arising from external transactions 1,079,279,664.26 123,932,077.94 109,200.00 - 1,203,320,942.20
Revenue arising from inter-segment
transactions
1,660,934.46 2,138,872.02 600,000.00 (4,399,806.48) -
Total operating income 1,080,940,598.72 126,070,949.96 709,200.00 (4,399,806.48) 1,203,320,942.20
Operating cost
Cost arising from external transactions 81,777,800.33 58,998,738.03 - - 140,776,538.36
Cost arising from inter-segment transactions 853,533.08 2,138,872.02 600,000.00 (3,592,405.10) -
Total Operating cost 82,631,333.41 61,137,610.05 600,000.00 (3,592,405.10) 140,776,538.36
Less: Business taxes and levies 59,258,966.62 6,908,461.35 169,377.60 - 66,336,805.57
Selling and distribution expenses 579,027,963.52 49,197,452.96 - (972,896.58) 627,252,519.90
Administrative expenses 207,454,861.05 26,385,530.69 17,088,940.48 (246,379.87) 250,682,952.35
Financial expenses 7,069,715.38 (358,737.19) (861,587.82) (2,459,043.39) 3,390,346.98
Impairment loss in respect of assets - - - - -
Add: Profits arising from changes in fair
values
- - - - -
Investment income 144,270.72 15,589,940.09 67,324,001.05 (2,459,043.39) 80,599,168.47
Operating profit 145,642,029.46 (1,609,427.81) 51,036,470.79 411,875.07 195,480,947.51
Non-operating income 20,366,873.97 7,327,868.89 33,136.00 (6,404,640.42) 21,323,238.44
Non-operating expenses 695,522.24 168,958.62 - - 864,480.86
Total profit 165,313,381.19 5,549,482.46 51,069,606.79 (5,992,765.35) 215,939,705.09
Income tax expenses 39,951,560.64 682,213.15 5,420,228.24 - 46,054,002.03
Net profit 125,361,820.55 4,867,269.31 45,649,378.55 (5,992,765.35) 169,885,703.06
Profit or loss attributable to minority interests 2,283,573.23 (455,406.29) - - 1,828,166.94
Net profit attributable to the parent company 123,078,247.32 5,322,675.60 45,649,378.55 (5,992,765.35) 168,057,536.12
136
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
X SEGMENT INFORMATION - continued
1. Segment information
Segment information for the period ended 30 June 2013 is set below:
UNIT: RMB
Limited service hotels
Operation and management Food and restaurant business Others Inter-segment eliminations Total
business(Note)
Total assets 5,505,169,437.92 168,792,816.37 2,594,459,844.37 (1,422,522,228.83) 6,845,899,869.83
Including: Long-term equity investment 5,495,718,087.92 152,828,628.48 2,459,913,170.23 (1,422,522,228.83) 6,685,937,657.80
Other segment assets 9,451,350.00 15,964,187.89 134,546,674.14 - 159,962,212.03
Total liabilities 2,459,311,889.91 65,383,862.20 1,551,620,607.89 (1,301,999,631.88) 2,774,316,728.12
Supplemental information:
Depreciation 66,326,682.49 3,488,806.77 331,303.85 - 70,146,793.11
Amortisation 82,385,903.81 1,834,584.46 369,939.60 - 84,590,427.87
Interest income 2,206,361.30 529,749.66 1,884,256.85 - 4,620,367.81
Interest expenses 2,721,483.58 - 1,068,841.67 (2,459,043.39) 1,331,281.86
Impairment losses recognized in the current period - - - - -
Investment income from long-term equity investments
under equity method of accounting - (34,822,331.62) 108,248.14 - (34,714,083.48)
Amount of long-term equity investments under equity
method of accounting 9,000,000.00 15,964,187.89 94,136,779.42 - 119,100,967.31
None-current assets except for long-term equity
investment 4,842,709,097.73 49,993,906.68 1,123,732,488.13 (130,783,834.93) 5,885,651,657.61
Capital expenditure 169,997,843.09 5,953,724.02 71,500.00 - 176,023,067.11
Including: Expenditure arising from construction in
progress 152,018,589.29 4,587,979.60 - - 156,606,568.89
Expenditure arising from
acquisition of fixed assets 14,405,367.94 1,166,296.29 71,500.00 - 15,643,164.23
Expenditure arising from
acquisition of intangible assets 3,573,885.86 168,000.00 - - 3,741,885.86
Expenditure arising from acquisition of
long-term prepaid expenses - 31,448.13 - - 31,448.13
Note: During the reporting period, "Economy hotels Operation and management business" changed its name to "Limited service hotels Operation and management
business".
137
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
X SEGMENT INFORMATION - continued
1. Segment information - continued
Segment information for the period 2012/1/1-2012/6/30 is set below:
UNIT: RMB
Limited service hotels
Operation and management Food and restaurant business Others Inter-segment eliminations Total
business
Operating income
Revenue arising from external transactions 1,011,490,547.09 101,368,054.45 116,600.00 - 1,112,975,201.54
Revenue arising from inter-segment 297,900.00 - 600,000.00 (897,900.00) -
transactions
Total operating income 1,011,788,447.09 101,368,054.45 716,600.00 (897,900.00) 1,112,975,201.54
Operating cost
Cost arising from external transactions 78,405,352.16 51,495,747.26 - - 129,901,099.42
Cost arising from inter-segment transactions - - 600,000.00 (600,000.00)
Total Operating cost 78,405,352.16 51,495,747.26 600,000.00 (600,000.00) 129,901,099.42
Less: Business taxes and levies 56,305,709.94 5,678,248.14 58,294.54 - 62,042,252.62
Selling and distribution expenses 518,600,650.96 53,435,672.59 - (747,896.58) 571,288,426.97
Administrative expenses 207,803,673.21 6,719,684.01 12,782,266.81 68,773.00 227,374,397.03
Financial expenses 7,996,496.55 (584,651.21) 339,124.85 (3,111,110.83) 4,639,859.36
Impairment loss in respect of assets - 4,433,011.03 - - 4,433,011.03
Add: Profits arising from changes in fair - - - - -
values
Investment income 188,179.20 68,314,720.82 93,470,323.83 (3,162,998.80) 158,810,225.05
Operating profit 142,864,743.47 48,505,063.45 80,407,237.63 329,335.61 272,106,380.16
Non-operating income 8,519,702.28 2,684,121.08 - - 11,203,823.36
Non-operating expenses 2,644,649.09 1,550,706.73 - - 4,195,355.82
Total profit 148,739,796.66 49,638,477.80 80,407,237.63 329,335.61 279,114,847.70
Income tax expenses 36,560,287.59 353,235.72 17,416,559.92 - 54,330,083.23
Net profit 112,179,509.07 49,285,242.08 62,990,677.71 329,335.61 224,784,764.47
Profit or loss attributable to minority interests 2,281,486.32 (2,343,886.23) - 80,178.15 17,778.24
Net profit attributable to the parent company 109,898,022.75 51,629,128.31 62,990,677.71 249,157.46 224,766,986.23
138
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
X SEGMENT INFORMATION - continued
1. Segment information - continued
Segment information for the period ended 30 June 2012 is set below:- continued:
UNIT: RMB
Limited service hotels
Operation and management Food and restaurant business Others Inter-segment eliminations Total
business
Total assets 3,527,520,182.72 171,935,912.80 2,165,997,826.69 (704,005,007.25) 5,161,448,914.96
Including: Long-term equity investment 3,518,068,832.72 155,317,219.93 1,978,274,203.61 (704,005,007.25) 4,947,655,249.01
Other segment assets 9,451,350.00 16,618,692.87 187,723,623.08 - 213,793,665.95
Total liabilities 1,260,631,600.06 46,981,254.49 317,030,689.04 (574,297,510.79) 1,050,346,032.80
Supplemental information:
Depreciation 67,541,304.00 2,536,810.33 336,720.56 - 70,414,834.89
Amortisation 82,373,911.76 1,957,698.01 331,965.80 - 84,663,575.57
Interest income 3,472,638.19 803,143.03 773,639.27 - 5,049,420.49
Interest expenses 3,956,675.77 (8,537.40) - (3,111,110.83) 837,027.54
Impairment losses recognized in the current period - 4,433,011.03 - - 4,433,011.03
Investment income from long-term equity investments
under equity method of accounting - 24,163,972.82 25,547.69 - 24,189,520.51
Amount of long-term equity investments under equity
method of accounting 9,000,000.00 15,295,867.50 148,872,953.96 - 173,168,821.46
None-current assets except for long-term equity
investment 2,923,673,294.96 49,911,092.89 1,275,295,293.30 (143,629,154.22) 4,105,250,526.93
Capital expenditure 153,923,994.71 10,452,217.82 - - 164,376,212.53
Including: Expenditure arising from construction in
progress 142,202,062.23 9,788,509.96 - - 151,990,572.19
Expenditure arising from
acquisition of fixed assets 10,794,283.48 554,320.86 - - 11,348,604.34
Expenditure arising from
acquisition of intangible assets 927,649.00 - - - 927,649.00
Expenditure arising from
acquisition of long-term prepaid - 109,387.00 - - 109,387.00
expenses
2. During the reporting period, no revenue arising from other countries and no non-current assets of the Group located in other countries.
3. Principal business of the Group includes hotel operation and management, food and restaurant service etc. The business of the Group is
fully diversifies and the Group doesn’t rely on any specific customers.
139
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XI FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
The Group's major financial instruments include account receivables, account payables, available-for-sale
financial assets, borrowings and long-term payables etc. Details of these financial instruments are disclosed in
Note (V). The risks associated with these financial instruments and the policies on how to mitigate these risks
are set out below. Management manages and monitors these exposures to ensure appropriate measures are
implemented on a timely and effective manner.
1. Risk management objectives and policies
The Group's risk management objectives are to achieve proper balance between risks and yield, minimize the
adverse impacts of risks on the Group's operation performance, and maximize the benefits of the shareholders
and other equity investors. Based on these risk management objectives, the Group's basic risk management
strategy is to identify and analyze the industry's exposure to various risks, establish appropriate bottom line for
risk tolerance, implement risk management, and monitors these exposures to ensure appropriate measures are
implemented on a timely and effective manner.
The Group adopts sensitivity analysis techniques to analyze how the entity's profit and loss for the period and
owners' equity would have been affected by changes in the relevant risk variables that were reasonably possible.
As it is unlikely that risk variables will change in an isolated manner, and the interdependence between risk
variables will have significant effect on the amount ultimately influenced by the changes in a single risk
variable, the following items are based on the assumption that each risk variable has changes on a stand-alone
basis.
1.1 Market risk
Market risk is the risk of changes in the fair value or future cash flow will occur because of changes in market
price, including currency risk, interest risk and other price risk.
1.1.1. Currency risk
Currency risk is the risk of changes in the fair value or future cash flow will occur because of changes in foreign
exchange rates. The Group's other principal activities are denominated and settled in RMB. As at 30 June 2013,
the foreign currency balance mainly is bank, cash, and other receivables. The Group's exposure to the currency
risk is primarily associated with USD. Currency risk arising from the foreign currency balance of assets and
liabilities has no significant impact on the Groups performance.
1.1.2. Interest rate risk:
Interest rate risk is the risk of changes in the fair value or future cash flow will occur because of changes in
interest rates. The Group's exposure to the interest rate risk is primarily associated with bank and cash, loan.
Interest rate risk has no significant impact on the Groups performance.
1.1.3. Other price risk
Other price risk is the risk except for currency and interest rate risk. The Group's available-for-sale financial
assets and held-for-trade financial assets are measured at fair value at each balance sheet date. Therefore, the
Group is exposed to the risks of changes in the equity security prices. As at 30 June 2013, the Group's
available-for-sale financial assets and held-for-trade financial assets is set out in note (V) 8. Other price risk of
assets in fair value may affect the Groups performance. The Group pays special attention to interest rate risk
arising from the change in stock value and future value. The Group adopts the sensitivity analysis techniques to
analyse the effects of reasonably possible changes in stock value risk. Stock price risk has significant impact on
the Groups performance.
140
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XI FINANCIAL INSTRUMENTS AND RISK MANAGEMENT- continued
1. Risk management objectives and policies- continued
1.1 Market risk - continued
1.1.3. Other price risk - continued
The Group is exposed to the price risk arising from financial assets which are measured at fair value. As at
30 June 2013, all other variables keep constant, the reasonably 10% increment (decrement) in equity
instrument price will result in an increment (decrement) amounting to RMB 83,558,783.25 in Groups
equity.
1.2. Credit risk
As at 30 June 2013, the Group's maximum exposure to credit risk which will cause a financial loss to the
Group due to failure to discharge an obligation by the counterparties and financial guarantees issued by the
Group is arising from:
The carrying amount of the respective recognised financial assets as stated in the consolidated balance
sheet. For financial instruments measured at fair value, the carrying amount reflects the exposure to risks
(but not the maximum exposure to risks); the maximum exposure to risks would vary according to the
future changes in fair value.
In order to minimize the credit risk, the Group has delegated a team responsible for determination of credit
limits, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover
overdue debts. In addition, the Group reviews the recoverable amount of each individual trade debt at each
balance sheet date to ensure that adequate impairment losses are made for irrecoverable amounts. In this regard,
the management of the Group considers that the Group's credit risk is significantly reduced.
The Group has adopted a policy of only dealing with creditworthy counterparties. The Group has no other
significant concentration of credit risk.
The current bank and cash has been saved in bank and financial company with high credit standard, so the credit
risk is very low.
1.3. Liquidity risk
In the management of the liquidity risk, the Company monitors and maintains a level of cash and cash
equivalents deemed adequate by the management to finance the Companys operations and mitigate the effects
of fluctuations in cash flows. The management monitors the utilization of borrowings and ensures compliance
with loan covenants.
As at 30 June 2013, the Group had total current liabilities in excess of total current assets of RMB
1,690,112,402.04 (as at 31 December 2013, total current liabilities in excess of total current assets of RMB
27,483,992.13), and the Company had total current liabilities in excess of total current assets of RMB
52,647,102.48 (as at 31 December 2013, total current liabilities in excess of total current assets of RMB
605,774,026.15). During the reporting period, the Company acquired 100% equity interest of Smartel
hotel, and obtained a loan provided by Jin Jiang International through the bund branch of ICBC. The total
amount of the loan is RMB 1,100,000,000, and the due date is 24 December 2013 (extension for no more
than 6 months). Meanwhile the Company will adopt several workable financing methods so as to maintain
the Group's ability to continue as a going concern. On 25 June 2013, the Company held the first
extraordinary general meeting 2013 considered and adopted the proposal of issuing the 5-year corporate
bonds which was approved by China Securities Regulatory Commission on 16 August 2013. Jin Jiang
Hotels Group, the Company's parent company, has agreed to provide all necessary financial support to the
Group to assure of repaying the debts mature in the next 6 months. The Group believes there are no
significant liquidity risks.
141
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XI FINANCIAL INSTRUMENTS AND RISK MANAGEMENT- continued
2. Fair value
Fair values of the financial assets and financial liabilities are determined as follows:
The fair value of financial assets and financial liabilities with standard terms and conditions and traded on
active markets are determined with reference to quoted market bid prices and ask prices respectively;
The fair value of other financial assets and financial liabilities (excluding derivative instruments) are
determined in accordance with generally accepted pricing models based on discounted cash flow analysis
or using prices from observable current market transactions;
The fair value of derivative instruments are determined with reference to quoted market prices. Where
such quoted prices are not available, the fair value of a non-option-based derivative is estimated using
discounted cash flow analysis and the applicable yield curve. For an option-based derivative, the fair value
is estimated using option pricing model (for example, the binomial model).
The management considers that the carrying amounts of financial assets and financial liabilities recorded at
amortised cost in the financial statements approximate their fair values.
2.1 Fair value measurements recognised in the statement of financial position
The following table provides an analysis of financial instruments that are measured subsequent to initial
recognition at fair value, grouped into Levels 1 to 3 based on the degree to which the fair value is
observable.:
Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for
identical assets or liabilities.
Level 2 fair value measurements are those derived from inputs other than quoted prices included within
Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived
from prices).
Level 3 fair value measurements are those derived from valuation techniques that include inputs for the
asset or liability that are not based on observable market data (unobservable inputs).
Unit: RMB
At Period End
Level 1 Level 2 Level 3 Total
Available-for-sale financial assets -
923,806,899.78 - - 923,806,899.78
equity instruments
Unit: RMB
At Period Beginning
Level 1 Level 2 Level 3 Total
Available-for-sale financial assets-
1,150,338,438.54 - - 1,150,338,438.54
equity instruments
XII OTHER SIGNIFICANT EVENTS
The Company held the first Extraordinary General Meeting of 2013 at June 25, 2013. The meeting made three motions
by on-site voting and Internet voting: The motion of the Company complies with the conditions for issuance of corporate
bonds; The motion of issuance of corporate bonds; The motion of submition to the company shareholders' meeting for
authorizing the Board and the Board of Directors to delegate discretionary persons handling the matters related to
issuance of corporate bonds. The Company submitted the relevant application materials of the Bonds issue at July 29,
2013 to the China Securities Regulatory Commission. On 16 August 2013, the proposal of issuing the 5-year corporate
bonds was approved by China Securities Regulatory Commission.
142
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS
1. Currency funds
Unit: RMB
2013/06/30 2012/12/31
Foreign Exchange Foreign
Item Currency rate RMB Currency Exchange rate RMB
Cash:
RMB 368,308.49 138,945.63
Cash deposit:
RMB 25,816,729.75 38,242,809.10
USD 78,592.12 6.1787 485,597.13 78,572.26 6.2855 493,865.94
Deposit in other financial
institution (note):
RMB 76,392,665.86 199,055,915.54
Total 103,063,301.23 237,931,536.21
Note: Deposit in other financial institution represents the amount deposited in Jin Jiang International Finance
Co., Ltd. (authorized non-bank financial institute, "Finance Company").
2. Account receivable
(5) Disclosure of accounts receivable by categories:
UNIT: RMB
2013/06/30 2012/12/31
Book balance Bad debt provision Book balance Bad debt provision
Ratio Ratio Ratio Ratio
Item Amount (%) Amount (%) Amount (%) Amount (%)
Individually significant
accounts receivable and bad
- - - - - - - -
debt provision recognized
individually
Individually insignificant
accounts receivable but bad
7,830,450.77 100.00 46,205.39 0.59 1,725,162.13 100.00 46,205.39 2.68
debt provision recognized
individually
Bad debt provision of accounts
receivable recognized by - - - - - - - -
groups
Total 7,830,450.77 100.00 46,205.39 0.59 1,725,162.13 100.00 46,205.39 2.68
(6) The aging analysis of accounts receivables is as follows：
Unit: RMB
2013/06/30 2012/12/31
Ratio Bad debt Carrying Ratio Bad debt Carrying
Aging Book balance (%) provision amount Book balance (%) provision amount
Within 1 year 7,784,245.38 99.41 - 7,784,245.38 1,684,032.42 97.62 5,075.68 1,678,956.74
1-2 years 5,075.68 0.06 5,075.68 - 21,676.00 1.25 21,676.00 -
2-3 years 21,676.00 0.28 21,676.00 - - - - -
Over 3 years 19,453.71 0.25 19,453.71 - 19,453.71 1.13 19,453.71 -
Total 7,830,450.77 100.00 46,205.39 7,784,245.38 1,725,162.13 100.00 46,205.39 1,678,956.74
(7) Movement of bad debt provision is as follows：
Unit: RMB
Item 2012/12/31 Provision Reversal Write-off in the 2013/06/30
in the period in the period period
Individually insignificant
accounts receivable but bad debt 46,205.39 - - - 46,205.39
provision recognized individually
Total 46,205.39 - - - 46,205.39
143
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS
2. Account receivable - continued
(8) At the end of reporting period,the balances due to the shareholders holding more than 5% (including 5%) of
the Company's voting rights are as follows:
2013/06/30 2012/12/31
Name Amount Bad debt provision Amount Bad debt provision
Jin Jiang - -
5,000.00 -
International
3. Dividends receivable
Unit: RMB
Reason for Devalu
Item 2012/12/31 Addition Deduction 2013/06/30 outstanding ation
Aging within 1 year
(1) Shanghai Kentucky Fried Chicken
- 47,448,678.82 - 47,448,678.82 Not Applicable No
Co., Ltd.
(2) Jin Jiang Inn Co., Ltd. - 150,000,000.00 (50,000,000.00) 100,000,000.00 Not Applicable No
(3) Hangzhou Kentucky Fried
- 32,136,184.70 (9,651,714.85) 22,484,469.85 Not Applicable No
Chicken Co., Ltd.
(4) Chang Jiang Security Co., Ltd. - 23,126,000.00 - 23,126,000.00 Not Applicable No
(5) Suzhou Kentucky Fried Chicken
- 12,324,839.68 - 12,324,839.68 Not Applicable No
Co., Ltd.
(6) Wuxi Kentucky Fried Chicken
- 5,951,247.33 (2,975,623.60) 2,975,623.73 Not Applicable No
Co., Ltd.
(7) Shenyin & Wanguo Securities
- 1,108,856.60 - 1,108,856.60 Not Applicable No
Co.,Ltd.
(8) Shanghai Minhang Hotel Co., Ltd. - 2,726,260.70 (2,726,260.70) - Not Applicable No
(9) Others - 453,207.04 (209,902.00) 243,305.04 Not Applicable No
Aging more than 1 year
(10) Shanghai New Asia Food Co., Ltd. 145,564.50 - - 145,564.50 Not Applicable No
Total 145,564.50 275,275,274.87 (65,563,501.15) 209,857,338.22 -- --
4. Other receivables
(7) Disclosure of other receivables by category:
UNIT: RMB
2013/06/30 2012/12/31
Book balance Bad debt provision Book balance Bad debt provision
Ratio Ratio Ratio Ratio
Amount Amount
Item (%) (%) Amount (%) Amount (%)
Individually significant
accounts and bad debt
33,414,867.74 4.92 - - - - - -
provision recognized
individually
Individually insignificant
accounts but bad debt
645,690,755.73 95.08 1,651,469.88 0.26 24,161,479.85 100.00 1,651,469.88 6.84
provision recognized
individually
Bad debt provision of
other receivable - - - - - - - -
recognized by groups
Total 679,105,623.47 100.00 1,651,469.88 0.24 24,161,479.85 100.00 1,651,469.88 6.84
(8) The aging analysis of other receivables is as follows:
UNIT: RMB
2013/06/30 2012/12/31
Ratio Bad debt Carrying Ratio Bad debt Carrying
Aging Book balance (%) provision amount Book balance (%) provision amount
Within 1 year 671,871,915.39 98.94 - 671,871,915.39 16,841,497.80 69.71 - 16,841,497.80
1-2 years - - - - 3,692,524.87 15.28 - 3,692,524.87
2-3 years 3,684,924.17 0.54 - 3,684,924.17 1,510,627.85 6.25 - 1,510,627.85
Over 3 years 3,548,783.91 0.52 1,651,469.88 1,897,314.03 2,116,829.33 8.76 1,651,469.88 465,359.45
Total 679,105,623.47 100.00 1,651,469.88 677,454,153.59 24,161,479.85 100.00 1,651,469.88 22,510,009.97
144
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS
4. Other receivables - continued
(9) Movement of bad debt provision is as follows:
UNIT: RMB
Item 2012/12/31 Provision Reversal Write-off in the 2013/06/30
in the period in the period period
Bad debt provision –
1,651,469.88 - - - 1,651,469.88
other receivables
(10) At the end of reporting period, no outstanding balance due to the shareholders holding more than 5%
(including 5%) of the Company's voting rights.
(11) As the end of reporting period, the balances of other receivables due from top five debtors are as follows:
UNIT: RMB
Name Relationship Amount Aging Ratio (%)
Smartel Subsidiary 635,535,000.00 Within 1 year 93.58
Da Hua Hotel Subsidiary 33,414,867.74 1-3year 4.92
Shanghai Food and Beverage
Subsidiary 2,766,749.15 1-3year 0.41
Serving Equipment Co., Ltd.
Shanghai Business Center Co., 900,000.00
Subsidiary 1-2year 0.13
Ltd.
Jin Jiang Inn Subsidiary 128,337.90 Within 1 year 0.02
Total 672,744,954.79 99.06
Note: According to the equity transfer agreement, the Company should afford the repayment of entrusted loan
provided by Huasheng Tourism.
(12) As the end of reporting period, the balances of other receivables due from related parties are as follows:
UNIT: RMB
Ratio (%)
Name of company Relationship Amount
93.58
Smartel Subsidiary 635,535,000.00
4.92
Da Hua Hotel Subsidiary 33,414,867.74
Jin Jiang Hotels Group and related 0.62
Parent company 4,237,848.82
entities
Shanghai Food and Beverage Serving 2,766,749.15 0.41
Subsidiary
Equipment Co., Ltd.
0.09
Jin Jiang Inn Subsidiary 593,456.06
Total 676,547,921.77 99.62
5. Inventories
UNIT: RMB
2013/06/30 2012/12/31
Item Cost Provision Carrying value Cost Provision Carrying value
Raw material 2,272,632.36 - 2,272,632.36 440,279.07 - 440,279.07
Finished goods 620,029.72 - 620,029.72 239,289.47 - 239,289.47
Stock merchandise 41,125.69 - 41,125.69 72,300.57 - 72,300.57
Revolving material 2,933,787.77 - 2,933,787.77 751,869.11 - 751,869.11
145
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
6. Other current assets
UNIT: RMB
Item 2013/06/30 2012/12/31
Entrusted loans (Note) 370,000,000.00 485,000,000.00
Prepaid expenses 353,714.87 305,458.01
Total 370,353,714.87 485,305,458.01
Note: The balance of other current assets represents the entrusted loans which were entrusted to Finance
company by the Company for its subsidrary Jin Jiang Inn.The due date is 21 December 2013 and 3 June 2014,
respectively.
7. Long-term receivables
Unit: RMB
Item 2013/06/30 2012/12/31
Operating funds from related parties 10,328,000.00 10,328,000.00
Total 10,328,000.00 10,328,000.00
Note: The balance of long-term receivables is operating receivable from Shanghai New Asia Food Co., Ltd.
8. Long-term equity investments
(1) Details of long-term equity investments are as follows:
Unit: RMB
Item 2013/06/30 2012/12/31
Investments in subsidiaries 3,027,107,303.87 2,289,292,462.57
Investments in associates 94,136,779.42 172,713,689.73
Other equity investments 44,391,770.77 42,832,545.17
Total 3,165,635,854.06 2,504,838,697.47
Less: Provision for impairment loss of
7,051,300.00 7,051,300.00
long-term equity investments
Net value of long-term equity investments 3,158,584,554.06 2,497,787,397.47
(2) Movements of provision for impairment of long-term equity investments for the period:
Unit: RMB
Investee 2012/12/31 Addition Transfer out 2013/06/30
Subsidiary
Shanghai Food and Beverage
2,051,300.00 - - 2,051,300.00
Serving Equipment Co., Ltd.
Subtotal 2,051,300.00 - - 2,051,300.00
Other equity investments
Shenyin & Wanguo Securities
5,000,000.00 - - 5,000,000.00
Co., Ltd
Subtotal 5,000,000.00 - - 5,000,000.00
Total 7,051,300.00 - - 7,051,300.00
146
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
9. Long-term equity investments - continued
(3) Details of long-term equity investments in subsidiary are as follows:
Unit: RMB
Remark on
inconsistent
between equity Impairment
Accountin Initial investment Addition/(Deduct Equity interest Voting right interest and voting Provision for loss provided
Investee g method costs 2012/12/31 ion) investment 2013/06/30 (%) (%) right impairment loss for the period
Subsidiary
Shanghai Jin Jiang Cost method - -
International Catering 149,804,836.13 149,804,836.13 - 149,804,836.13 100 100 Not Applicable
Investment Co., Ltd.
Shanghai Jinjiang Cost method - -
International Food &
3,269,783.41 1,800,000.00 1,469,783.41 3,269,783.41 18 100 Not Applicable
Catering Management
Co.,Ltd. (note 1)
Shanghai Minhang Hotel Cost method - -
Co., Ltd.,(note 2)
5,505,600.00 5,505,600.00 - 5,505,600.00 98.25 100 Not Applicable
Shanghai Food and Cost method 2,051,300.00 -
Beverage Serving 2,051,300.00 2,051,300.00 - 2,051,300.00 100 100 Not Applicable
Equipment Co., Ltd
Shanghai New Asia Food Cost method - -
Co., Ltd. (note 2)
1,088,150.00 1,088,150.00 - 1,088,150.00 5 100 Not Applicable
Jin Jiang Inn Cost method 377,261,176.09 377,261,176.09 - 377,261,176.09 100 100 Not Applicable - -
Hotels Investment Cost method 1,733,088,660.71 1,733,088,660.71 - 1,733,088,660.71 100 100 Not Applicable - -
Da Hua Hotel Cost method 18,692,739.64 18,692,739.64 - 18,692,739.64 100 100 Not Applicable - -
Jinjiang Metropolo Cost method - -
50,000,000.00 - 50,000,000.00 50,000,000.00 100 100 Not Applicable
Hotle(note 3)
Smartel Hotel(note 4) Cost method 686,345,057.89 - 686,345,057.89 686,345,057.89 100 100 Not Applicable - -
Total 2,289,292,462.57 737,814,841.30 3,027,107,303.87 2,051,300.00
Note1: Subsidiary of the Company. The Company and Shanghai Jin Jiang International Catering Investment Co., Ltd. held 90% and 10% equity interest of Shanghai Jin Jiang International Food &
Catering Management Co., Ltd.respectively. The Company and Shanghai Jin Jiang International Catering Investment Co., Ltd. increase the capital of Shanghai Jin Jiang International Food
& Catering Management Co., Ltd, amounting to RMB 1,469,783.41 and 8,163,309.27. After the capital increase, The Company and Shanghai Jin Jiang International Catering
Investment Co., Ltd shareholding ratio becomes 18% and 82%. Shanghai Jinjiang International Food & Catering Management Co.,Ltd. became the subsidiary of Shanghai Jin Jiang
International Catering Investment Co., Ltd.
Note2: The Company and Shanghai Jin Jiang International Catering Investment Co., Ltd. held 98.25% and 1.75% equity interest of Shanghai Minhang Hotel Co. Ltd. respectively. The Company
and Shanghai Jin Jiang International Catering Investment Co., Ltd. held 5% and 95% equity interest of Shanghai New Asia Food Co. Ltd. respectively.
Note3: New subsidiary of the Company. Refer to Note (IV) 3(1).
Note4: New subsidiary by business combinations not involving enterprises under common control.Refer to Note (IV) 2.
147
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
9. Long-term equity investments - continued
(4) Details of long-term equity investments in associates are as follow:
Unit: RMB
Change for the period Provi
Remark on sion
inconsistent for Impairme
between impa nt loss
Accounti Initial Addition Net profit (losses) Other Equity Voting equity interest irme provided
ng investment (Deductio) adjusted using Cash dividend changes in interest right and voting nt for the
Investee method costs 2012/12/31 Investment equity method declared equity 2013/06/30 (%) (%) right loss period
Associate
Shanghai Kentucky Fried Equity Not applicable - -
Chicken Co., Ltd. method
97,977,250.00 148,976,937.79 - (33,216,049.23) (47,448,678.82) - 68,312,209.74 42 42
Shanghai Xinlu Catering Equity Not applicable - -
Development method 2,719,227.00 1,165,297.60 - 108,248.14 - - 1,273,545.74 25 25
Co., Ltd.
Shanghai New Asia Equity Not applicable - -
Fulihua Catering Co., method 14,350,000.00 22,571,454.34 - 1,979,569.60 - - 24,551,023.94 41 41
Ltd.
Total 172,713,689.73 - (31,128,231.49) (47,448,678.82) - 94,136,779.42
148
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
9. Long-term equity investments - continued
(5) Details of other long-term equity investments are as follow:
Unit: RMB
Impairment loss
Accounting Initial investment Addition (Deduction) Equity interest Provision for provided for the
Investee method costs 2012/12/31 Investment for the period 2013/06/30 (%) impairment loss period
Other long-term equity investments
Hangzhou Kentucky Fried Chicken Co., Cost method
Ltd.
12,265,725.33 12,265,725.33 - 12,265,725.33 8 - -
Suzhou Kentucky Fried Chicken Co., Cost method
Ltd.
2,067,776.64 2,067,776.64 1,559,225.60 3,627,002.24 8 - -
Wuxi Kentucky Fried Chicken Co., Ltd. Cost method 3,761,343.20 3,761,343.20 - 3,761,343.20 8 - -
Chang Jiang United Development Co., Cost method
Ltd.
700,000.00 700,000.00 - 700,000.00 <1 - -
Shanghai Trade Center Co., Ltd. (Note1) Cost method 5,187,700.00 5,187,700.00 - 5,187,700.00 3 - -
Shenyin & Wanguo Securities Co., Ltd. Cost method 10,000,000.00 10,000,000.00 - 10,000,000.00 <1 5,000,000.00 -
Others(Note2) Cost method 8,850,000.00 8,850,000.00 - 8,850,000.00 <1 - -
Total 42,832,545.17 1,559,225.60 44,391,770.77 5,000,000.00 -
Note:
1. In the reporting period, the Company together with other shareholders of Suzhou Kentucky Fried Chicken Co., Ltd. increased the capital by same proportion, amounting to
$ 552,000.00. After the capital increase, the Company still held 8% equity interest of Suzhou Kentucky Fried Chicken Co., Ltd.
2. According to the statement of "Yuecai trust- equity reserve collection property trust termination of contract on Changjiang Securities equity incentive plan(" the termination of
the trust contract" ) which ultimately signed by the company and trustee and came into force on 6 Feb. 2012, The Company has reserved 5,296,709 shares held by Chang
Jiang United Development Co., Ltd.,the liquidation of the trust will begin by trustee since the date when all clients of the collection property trust sign termination of the trust
contract with the trustee and terminate the trust when the all the trust property have been distributed . At the end of period, the management estimated that the book value of
the long term equity investment will not exceed the estimated recoverable amount received from the liquidation of the trust.
During the reporting period, the Company is not exposed to limitation on the transfer of funds from the investee. At end of period, the Group doesn't have unrecognized
investment loss.
149
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
9. Fixed Assets
(2) Fixed assets
Unit: RMB
Item 2012/12/31 Addition Deduction 2013/6/30
I. Cost 78,579,949.57 24,407,121.09 (11,830.00) 102,975,240.66
Including: Buildings 33,483,262.72 15,039,854.60 - 48,523,117.32
Equipments 35,144,278.00 6,135,145.49 (11,830.00) 41,267,593.49
Motor vehicles 1,806,532.61 - - 1,806,532.61
Decoration 8,145,876.24 3,232,121.00 - 11,377,997.24
II. Accumulated depreciation 46,312,509.83 1,832,918.00 (11,238.50) 48,134,189.33
Including: Buildings 12,755,543.12 502,772.67 - 13,258,315.79
Equipments 25,431,176.42 1,157,080.49 (11,238.50) 26,577,018.41
Motor vehicles 1,536,156.39 22,090.80 - 1,558,247.19
Decoration 6,589,633.90 150,974.04 - 6,740,607.94
III. Net book value 32,267,439.74 54,841,051.33
Including: Buildings 20,727,719.60 35,264,801.53
Equipments 9,713,101.58 14,690,575.08
Motor vehicles 270,376.22 248,285.42
Decoration 1,556,242.34 4,637,389.30
IV. Provision for impairment
- -
loss
Including: Buildings - -
Equipments - -
Motor vehicles - -
Decoration - -
V. Carrying amount 32,267,439.74 54,841,051.33
Including: Buildings 20,727,719.60 35,264,801.53
Equipments 9,713,101.58 14,690,575.08
Motor vehicles 270,376.22 248,285.42
Decoration 1,556,242.34 4,637,389.30
Among the additions of cost of the reporting period, the acquisition of the fixed assets amounts to RMB
902,263.99 and the amount transferred in from construction in progress is RMB 23,504,857.10.
Among in the deduction of cost of the reporting period, the disposal of fixed assets amounts to RMB 11,830.00.
The additions of accumulated depreciation of the reporting period represents depreciation charged for the current
period amounted to RMB 1,832,918.00.
Included in the deduction of accumulated depreciation of the reporting period, accumulated depreciation of
disposed fixed assets amounts to RMB 11,238.50.
150
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
10. Construction in progress
(1) Details of construction in progress are as follows:
Unit: RMB
Item 2013/6/30 2012/12/31
Original value Provision for impairment Net booking value Original value Provision for impairment Net booking value
loss loss
Renovation of Dongya Hotel - - - 18,795,890.24 - 18,795,890.24
Others 570,056.25 - 570,056.25 18,802.00 - 18,802.00
Total 570,056.25 - 570,056.25 18,814,692.24 - 18,814,692.24
(2) Movement of significant construction in progress:
Unit: RMB
Including: Ratio of
Cumulative amount of interest
Transfer to Project in the amount of interest capitalization
Transfer to fixed long-term prepaid proportion of Rate of interest capitalization for this Sources of
Item Budget 2012/12/31 Addition assets expenses 2013/6/30 budgetary progress capitalization for this period period (%) funds
Renovation of
26,162,290.00 18,795,890.24 4,526,166.86 (23,322,057.10) - - 100% 100% - - - Self-financing
Dongya Hotel
Others - 18,802.00 2,039,623.25 (182,800.00) (1,305,569.00) 570,056.25 - - - - -
Total 26,162,290.00 18,814,692.24 6,565,790.11 (23,504,857.10) (1,305,569.00) 570,056.25 - - - - -
151
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
11. Intangible assets
Unit: RMB
Item 2012/12/31 Addition Deduction 2013/6/30
I. Cost 93,782,813.28 - - 93,782,813.28
Land userights 91,847,425.45 - - 91,847,425.45
Others 1,935,387.83 - - 1,935,387.83
II. Accumulated amortisation 28,995,724.10 1,334,192.88 - 30,329,916.98
Land userights 27,762,605.83 1,171,202.88 - 28,933,808.71
Others 1,233,118.27 162,990.00 - 1,396,108.27
III.Net book value 64,787,089.18 63,452,896.30
Land userights 64,084,819.62 62,913,616.74
Others 702,269.56 539,279.56
IV. Provision for impairment loss - - - -
Land userights - - - -
Others - - - -
V. Carrying amount 64,787,089.18 63,452,896.30
Land userights 64,084,819.62 62,913,616.74
Others 702,269.56 539,279.56
The addition of accumulated amortisation of the reporting period represents amortisation charged for intangible assets
for the reporting period amounting to RMB 1,334,192.88.
12. Long-term prepaid expenses
Unit: RMB
Reason for
Other other
Item 2012/12/31 Addition Amotisation deduction 2013/6/30 decrease
Leasehold decoration 2,330,184.63 975,107.00 (599,025.30) - 2,706,266.33 N/A
Leasehold improvement 8,649,342.95 330,462.00 (1,211,823.25) - 7,767,981.70 N/A
Other 151,732.10 - (25,635.72) - 126,096.38 N/A
Total 11,131,259.68 1,305,569.00 (1,836,484.27) - 10,600,344.41
Among the addition of the cost of reporting period, the amount in from construction in progress amounts to RMB
1,305,569.00.
152
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
13. Deferred tax assets and liabilities
Deferred tax assets and deferred tax liabilities are presented in the amount after offsetting.
(1) Deferred tax assets and liabilities before offsetting are set below:
Unit: RMB
Closing balance of Opening balance of
Deductible and Closing balance of Deductible and Opening balance of
Taxable temporary deferred tax assets or Taxable temporary deferred tax assets or
Items differences liabilities differences liabilities
Deferred tax assets:
Employee benefits 19,784,075.13 4,946,018.78 21,760,282.23 5,440,070.56
payable
Deductible loss - - - -
Assets impairment 6,697,675.27 1,674,418.82 6,697,675.27 1,674,418.82
provision
Subtotal 26,481,750.40 6,620,437.60 28,457,957.50 7,114,489.38
Deferred tax liabilities:
Changes in fair value of
available-for-sale
financial assets
recognized in other
comprehensive income 614,978,425.34 153,744,606.32 826,245,657.00 206,561,414.24
Subtotal 614,978,425.34 153,744,606.32 826,245,657.00 206,561,414.24
(2) Details of offsetting between deferred tax assets and liabilities:
Unit: RMB
Item Offsetting amount
2013/6/30: 6,620,437.60
2012/12/31: 7,114,489.38
(3) Deferred tax assets and liabilities after offsetting are set below:
Unit: RMB
Item 2013/6/30 2012/12/31
Deferred tax assets - net - -
Deferred tax liabilities - net 147,124,168.72 199,446,924.86
153
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
14. Provision for impairment loss of assets
Unit: RMB
Deduction
Item 2012/12/31 Addition Reversal Write-off 2013/6/30
I. Provision for bad debt 1,697,675.27 142.05 - - 1,697,817.32
II. Provision for impairment loss of - - - - -
inventories
III. Provision for impairment loss of available - - - - -
for sale financial assets
IV. Provision for impairment loss of held to - - - - -
maturity financial assets
V. Provision for impairment loss of long-term 7,051,300.00 - - - 7,051,300.00
equity investments
VI. Provision for impairment loss of - - - - -
investment property
VII. Provision for impairment loss of fixed - - - - -
assets
VIII. Provision for impairment loss of - - - - -
construction materials
IX. Provision for impairment loss of - - - - -
construction in progress
X. Provision for impairment loss of bearer - - - - -
biological assets
- - - - -
Including: maturity bearer biological assets
XI. Provision for impairment loss of oil and - - - - -
gas assets
XII. Provision for impairment loss of - - - - -
intangible assets
XIII. Provision for impairment loss of - - - - -
goodwill
XIV. Others - - - - -
Total 8,748,975.27 142.05 - - 8,749,117.32
15. Short-term borrowings
人民币元
Item 2013/6/30 2012/12/31
Credit borrowings (refer to Note (XIII)26(5)) 1,163,000,000.00 -
Total 1,163,000,000.00 -
The weighted average interest rate of the short-term borrowings for the reporting period is 5.012%.
154
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
16. Employee benefits payable
Unit: RMB
Item 2012/12/31 Addition Deduction 2013/6/30
I. Wages or salaries, bonus, allowance,
3,832,131.91 24,653,095.04 (25,155,321.73) 3,329,905.22
subsidies
II. Staff welfare - 2,246,559.40 (2,249,623.98) (3,064.58)
III. Social security contributions 70,141.15 7,686,205.51 (7,336,342.71) 420,003.95
Premiums or contributions on medical
insurance
Medical insurance 18,705.28 2,367,699.57 (2,260,193.07) 126,211.78
Pension insurance 45,676.28 4,780,695.47 (4,555,680.27) 270,691.48
Unemployment insurance 5,117.58 301,900.99 (292,258.09) 14,760.48
Work injury insurance 404.57 93,245.21 (90,226.81) 3,422.97
Maternity insurance 237.44 142,664.27 (137,984.47) 4,917.24
IV. Housing fund 182,800.00 1,779,430.23 (1,955,583.23) 6,647.00
1,024,538.52 482,592.71 (810,608.81) 696,522.42
V. Labor union fund and education fund
VI. Termination benefits 16,650,670.65 - (1,316,609.53) 15,334,061.12
Total 21,760,282.23 36,847,882.89 (38,824,089.99) 19,784,075.13
Except for the terimination benefits, other employee benefit payable according to relevant laws and regulations and
utilization plans, will be fully paid and utilized in the coming 12 months.
17. Tax payable
Unit: RMB
Item 2013/6/30 2012/12/31
Value added tax (95,388.82) (88,978.25)
Business tax 1,763,132.90 356,331.09
Enterprise Income tax 7,186,521.11 13,935,343.87
Individual income tax 179,151.70 242,515.18
Others 14,849,135.20 11,419,012.89
Total 23,882,552.09 25,864,224.78
18. Other payables
(1) Details of other payables are as follows:
Unit: RMB
Item 2013/6/30 2012/12/31
Operating payable 70,510,292.18 203,852.25
Tax for assets replacement and affiliated transactions
58,623,448.29
accrued 58,623,448.29
Payable for the equity transfer-Smartel 47,345,057.89 -
Payments on behalf of other parties 8,142,778.26 6,446,794.24
Accrued expenses 6,744,556.11 6,998,118.78
Others 4,633,674.16 2,570,509.63
Total 195,999,806.89 74,842,723.19
(2) At the end of reporting period, no outstanding balance due to either the shareholders holding more than 5%
(including 5%) of the Company's voting rights or related parties.
155
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
18. Other payables - continued
(3) Reasons for significant amount aging over 1 year in the balance of other payables:
As at the end of the reporting period, significant amount aging over 1year in balance of other payables includes:
The significant replacement and related transactions payment and taxation involved amounting to RMB
58,623,448.29 that should be paid by the Company after the report and verification of the involved taxation.
(4) Descriptions for significant balance of other payables, except for items mentioned in (3).
The significant operating payable for Hotels investment, the subsidiary of the Company amounting to RMB
70,510,292.18. (Refer to note (XIII)25(8))
19. Capital reserve
UNIT: RMB
Items Opening balance Addition Deduction Closing balance
2013/1/1 – 2013/6/30：
Share premium 1,905,547,100.23 - - 1,905,547,100.23
Including: Capital injected by investors 605,917,945.21 - - 605,917,945.21
Others 1,299,629,155.02 - - 1,299,629,155.02
Other comprehensive income 621,244,319.68 - (158,450,423.74) 462,793,895.94
Including: Fair value changes on
826,245,657.00 - (211,267,231.66) 614,978,425.34
available-for-sale financial assets
Tax effect derived from
(206,561,414.26) - 52,816,807.92 (153,744,606.34)
available-for-sale financial assets
Change in capital reserve of invested
1,560,076.94 - - 1,560,076.94
entities under equity method
Other capital reserve-Transfer from capital
138,656,064.50 - - 138,656,064.50
reserve under the previous accounting system
Total 2,665,447,484.41 - (158,450,423.74) 2,506,997,060.67
2012/1/1 – 2012/6/30：
Share premium 1,905,547,100.23 - - 1,905,547,100.23
Including: Capital injected by investors 605,917,945.21 - - 605,917,945.21
Others 1,299,629,155.02 - - 1,299,629,155.02
Other comprehensive income 453,064,557.81 140,471,589.84 - 593,536,147.65
Including: Fair value changes on
602,151,793.46 187,295,453.14 - 789,447,246.60
available-for-sale financial assets
Tax effect derived from
(150,537,948.37) (46,823,863.30) - (197,361,811.67)
available-for-sale financial assets
Change in capital reserve of invested
1,450,712.72 - - 1,450,712.72
entities under equity method
Other capital reserve-Transfer from capital
138,656,064.50 - - 138,656,064.50
reserve under the previous accounting system
Total 2,497,267,722.54 140,471,589.84 - 2,637,739,312.38
156
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
20. Operating income and operating costs
(5) Operating income and operating costs:
UNIT: RMB
Item 2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Principal operating income 69,376,016.93 37,063,660.39
Other operating income 3,989,465.95 2,306,998.98
Subtotal - operating income 73,365,482.88 39,370,659.37
Principal operating costs 11,634,009.67 4,468,281.46
Other operating costs 604,557.24 600,000.00
Subtotal - operating costs 12,238,566.91 5,068,281.46
(6) Principal operating income and principal operating costs by industry:
UNIT: RMB
2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Industry Operating income Operating cost Operating income Operating cost
Hotel operation
Including: Room 48,292,324.43 - 29,963,845.29 -
Food and restaurant 16,010,590.60 7,605,656.16 4,204,535.30 2,347,251.48
Commodity supplies 4,357,021.35 3,989,696.09 2,364,541.45 2,119,300.98
Others 716,080.55 38,657.42 530,738.35 1,729.00
Total 69,376,016.93 11,634,009.67 37,063,660.39 4,468,281.46
(7) Other operating income and other operating costs by industries:
UNIT: RMB
2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Industry Operating income Operating cost Operating income Operating cost
Lease of properties 3,377,199.32 604,557.24 1,767,687.48 600,000.00
Others 612,266.63 - 539,311.50 -
Total 3,989,465.95 604,557.24 2,306,998.98 600,000.00
(8) Details of the revenue from top 5 customers of the Company are as below:
UNIT: RMB
Name of customer Operating income Ratio (%)
Customer Service Center of SPD Bank 1,113,628.50 1.61%
Institute of Vocational Instructors of Tongji University 707,569.10 1.02%
East China Normal University 478,917.30 0.69%
Foreign Trade Training Center 414,277.50 0.60%
The University of Hong Kong 289,780.00 0.42%
Total 3,004,172.40 4.33%
157
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
21. Operating cost and expense by nature
UNIT: RMB
项目 2013/1/1 – 2012/1/1 –
2013/6/30 2012/6/30
Cost of goods sold 12,238,566.91 5,068,281.46
Employee benefits payable 36,847,882.89 20,427,566.88
Including: Wages or salaries, bonus, allowance, subsidies 24,653,095.04 13,691,932.84
Social insurance 7,686,205.51 4,326,513.45
Housing fund 1,779,430.23 772,818.00
Welfare 2,246,559.40 1,379,488.80
Other expenditure 482,592.71 256,813.79
Utilities and material consumption 9,363,629.99 4,911,374.25
Depreciation and amortization 5,003,595.15 5,044,976.20
Rental of operating lease 17,718,509.38 2,955,905.60
Repair and maintenance expense 1,162,317.80 544,011.01
Property tax and other levies 242,740.57 207,301.36
Advertising expense 1,185,714.80 464,098.91
Entertainment expense 284,753.34 117,539.04
Others 6,803,937.51 5,062,450.09
Total of operating cost, selling expense and general & administrative expense 90,851,648.34 44,803,504.80
22. Investment income
(4) Details of investment income are as follow:
UNIT: RMB
Item 2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Investment income from long-term equity (31,128,231.49) 28,493,832.85
investments under equity method of accounting
Investment income from long-term equity 204,433,389.01 137,549,403.50
investments under cost method of accounting
Gain on disposal of long-term equity investments - -
Investment income from available-for-sale financial 23,393,207.04 12,253,059.60
assets
Gain on disposal of available-for-sale financial assets 40,068,645.88 77,848,717.74
Others 2,524,672.29 3,162,998.80
Total 239,291,682.73 259,308,012.49
158
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
22. Investment income- continued
(5) Investment income from long-term equity investments under cost method of accounting
UNIT: RMB
2013/1/1 – 2012/1/1 – Explanation on the
Investee
2013/6/30 2012/6/30 changes
Declaration of dividends
Jin Jiang Inn 150,000,000.00 80,000,000.00
distribution
Declaration of dividends
Hangzhou Kentucky Fried Chicken Co., Ltd 32,136,184.70 28,665,193.14
distribution increased
Suzhou Kentucky Fried Declaration of dividends
12,324,839.68 10,203,306.15
Chicken Co., Ltd distribution increased
Declaration of dividends
Hotels Investment - 10,000,000.00
distribution
Wuxi Kentucky Fried Chicken Declaration of dividends
5,951,247.33 5,282,248.71
Co., Ltd distribution decreased
Declaration of dividends
Shanghai Minhang Hotel Co., Ltd 2,726,260.70 3,112,091.00
distribution decreased
Others 1,294,856.60 286,564.50 ---
Total 204,433,389.01 137,549,403.50
(6) Investment income from long-term equity investments under equity method of accounting
UNIT: RMB
2013/1/1 – 2012/1/1 – Explanation on the
Investee
2013/6/30 2012/6/30 changes
With the decrease of
Shanghai Kentucky Fried Chicken Co., operating revenue, profit
(33,216,049.23) 26,969,638.86
Ltd. in current period is lower
than the one of last period
With the increase of
Shanghai New Asia Fulihua Catering operating revenue, profit
1,979,569.60 1,498,646.30
Co., Ltd. in current period is higher
than the one of last period
Others 108,248.14 25,547.69 ---
Total (31,128,231.49) 28,493,832.85
23. Non-operating income
(2) Details of non-operating income are as follow:
UNIT: RMB
Item 2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Others 49,483.19 14,031.56
Total 49,483.19 14,031.56
24. Notes to the cash flow statements
(3) Other cash payments relating to investing activities
UNIT: RMB
Item 2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Appropriate fund to Smartel for loan repayment 635,535,000.00 -
Total 635,535,000.00 -
159
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
24. Notes to the cash flow statements- continued
(4) Cash receipts from borrowings
UNIT: RMB
Item 2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Entrusted borrowings from Jin Jiang International 1,100,000,000.00 -
Entrusted borrowings from Jin Jiang Metropolo Hotel 47,000,000.00 -
Entrusted borrowings from Shanghai Jin Jiang 11,000,000.00 -
International Catering Investment Co., Ltd.
Entrusted borrowings from Shanghai New Asia Caféde 5,000,000.00 -
Coral Catering Co., Ltd.
Total 1,163,000,000.00 -
160
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
25. Supplementary information to the cash flow statement
UNIT: RMB
Supplementary information 2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
I. Reconciliation of net profit to cash flow from
operating activities:
Net profit 212,845,147.93 232,512,667.93
Add: Provision for asset impairment - -
Depreciation of fixed assets 1,832,918.00 1,865,356.46
Amortization of intangible assets 1,334,192.88 1,318,719.08
Amortization of long-term prepaid expenses 1,836,484.27 1,860,900.66
Losses (Gain) on disposal of fixed assets,
intangible assets and other long-term assets - -
(gains are indicated by "-")
Write-off of fixed assets (gains are indicated by 591.50 897,399.02
"-")
Losses (gain) on changes in fair values (gains - -
are indicated by "-")
Financial expenses (gains are indicated by "-") - -
Losses (gain) arising from investments (gains (239,291,682.73) (259,308,012.49)
are indicated by "-")
Decrease (increase) in deferred tax assets 494,051.78 4,065,955.30
(gains are indicated by "-")
Increase (decrease) in deferred tax liabilities - -
(gains are indicated by "-")
Decrease (increase) in inventories (gains are (2,181,918.66) 529,010.32
indicated by "-")
Decrease (increase) in operating receivables (26,140,736.58) (8,034,368.58)
(gains are indicated by "-")
Increase (decrease) in operating payables 77,520,657.05 22,545,840.00
(gains are indicated by "-")
Net cash flow from operating activities 28,249,705.44 (1,746,532.30)
II. Significant investing and financing activities
that do not involve cash receipts and payments:
Long-term equity investments acquired under 47,345,057.89 -
finance leases
Fixed assets acquired under finance leases
- 5,769,781.10
III. Net changes in cash and cash equivalents:
Closing balance of cash 103,063,301.23 88,309,590.04
Less: Opening balance of cash 237,931,536.21 93,279,799.42
Add: Closing balance of cash equivalents - -
Less: Opening balance of cash equivalents - -
Net increase (decrease) in cash and cash (134,868,234.98) (4,970,209.38)
equivalents
161
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
26. Related party relationships and transactions
(4) Basic information of related parties is set out in Note (VI).
(5) Purchase and sales of goods, rendering and receiving of service
UNIT: RMB
Transaction 2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Related parties Transaction type Transaction nature pricing Amount Ratio (%) Amount Ratio (%)
Shanghai Thayer Jin Jiang Receiving of
Interactive Co., Ltd. services
Service fee of reservation Contract price - - 281,432.04 60.84
Subtotal - - 281,432.04 60.84
Shanghai Jin Jiang
Purchase of hotel
International Hotel Purchase
commodities
Contract price 1,094,325.67 5.71 600,664.84 6.98
Commodities Co., Ltd.
Jin Jiang Inn Purchase Purchase of commodities Contract price 853,533.08 0.89 96,255.22 1.12
Shanghai Jinjiang
International Food &
Purchase Purchase of food Contract price 171,392.62 4.45 - -
Catering Management Co.,
Ltd.
Shanghai New Asia Food
Purchase Purchase of food Contract price 6,666.67 0.03 - -
Co., Ltd.
Total 2,125,918.04 11.08 696,920.06 8.10
(6) Leasing arrangements
UNIT: RMB
Recognition
Asset for criteria for
Lesser Lessee leasehold Beginning date Expiry date Rental income rental income
Shanghai New Asia Caféde Coral Logistics
The Company
Catering Co., Ltd. Center
2012/02/01 2022/01/31 600,000.00 Contract price
Shanghai Jin Jiang Advertising Co., Advertising
The Company
Ltd. board
2005/05/01 2015/04/30 425,000.00 Contract price
Lease of
Shanghai New Asia Caféde Coral
The Company
Catering Co., Ltd.
Gonghexin 2012/01/01 2013/12/31 200,000.00 Contract price
branch
Lease of
Shanghai New Asia Caféde Coral
The Company
Catering Co., Ltd.
Dafang 2012/01/01 2022/01/19 97,900.00 Contract price
branch
Sub-total 1,322,900.00
UNIT: RMB
Recognition
criteria for rental
Lesser Lessee Asset for leasehold Beginning date Expiry date Rental expenses expenses
Jinshajiang Hotel Co., Ltd. The Company Operating Building 2013/04/01 2028/03/31 2,646,000.00 Contract price
Shanghai BaiYulan Hotel Co., The Company Operating Building Contract price
2013/04/01 2028/03/31 2,226,000.00
Ltd.
Shanghai Hua Ting Guest The Company Operating Building Contract price
2013/04/01 2028/03/31 2,142,000.00
House Co., Ltd.
Jin Jiang International The Company Office 2012/07/01 2013/06/30 698,430.00 Contract price
Jin Jiang International The Company Operating Building 2013/01/01 2014/12/31 544,800.00 Contract price
Shanghai East Jin Jiang Hotel The Company Office Contract price
2013/02/01 2014/06/30 299,789.00
Co., Ltd.
Shanghai Jin Jiang property The Company Office Contract price
2012/01/01 2013/12/31 57,126.00
management Co., Ltd.
Total 8,614,145.00
(4) Entrusted operation
UNIT: RMB
Principal Trustees Asset for entrustment Beginning date Ending date Rental expense Transaction pricing
Jin Jiang Hotels Group The Company Operating region 2013/04/01 2028/03/31 7,536,000.00 Contract price
Total 7,536,000.00
162
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
26. Related party relationships and transactions- continued
(5) Financing
Transaction for the period from 1 January 2013 to 30 June 2013 and balance as of at 30 June 2013
UNIT: RMB
Related parties Amount Beginning date Expiry date 2013/6/30 Note
Borrowings(Note)
Jin Jiang International 1,100,000,000.00 2013/06/24 2013/12/24 1,100,000,000.00 Entrusted Loan
Jin Jiang Metropolo Hotel 47,000,000.00 2013/06/24 2014/06/23 47,000,000.00 Entrusted Loan
Shanghai Jin Jiang 11,000,000.00 2013/06/24 2014/06/23 11,000,000.00 Entrusted Loan
International Catering
Investment Co., Ltd.
Shanghai New Asia Caféde 5,000,000.00 2013/06/24 2014/06/23 5,000,000.00 Entrusted Loan
Coral Co., Ltd.
Total 1,163,000,000.00 1,163,000,000.00
Note: Please refer to Note (XIII) 15.
UNIT: RMB
Related parties Amount Beginning date Expiry date 2013/6/30 Note
Loan
Jin Jiang Inn 100,000,000.00 2012/03/29 2013/03/29 - Entrusted Loan
Jin Jiang Inn 300,000,000.00 2012/06/04 2013/06/04 - Entrusted Loan
Jin Jiang Inn 70,000,000.00 2012/12/21 2013/12/21 70,000,000.00 Entrusted Loan
Jin Jiang Inn 100,000,000.00 2013/03/21 2014/03/20 100,000,000.00 Entrusted Loan
Jin Jiang Inn 200,000,000.00 2013/06/04 2014/06/03 200,000,000.00 Entrusted Loan
Total 770,000,000.00 370,000,000.00
Transaction for the period from 1 January 2012 to 31 December 2012 and balance as of at 31 December
2012
Related parties Amount Beginning date Expiry date 2012/12/31 Note
Loan
Jin Jiang Inn 70,000,000.00 2012/12/21 2013/12/21 70,000,000.00 Entrusted Loan
Jin Jiang Inn 300,000,000.00 2012/06/04 2013/06/04 300,000,000.00 Entrusted Loan
Jin Jiang Inn 100,000,000.00 2012/03/29 2013/03/29 100,000,000.00 Entrusted Loan
Jin Jiang Inn 15,000,000.00 2012/03/29 2013/03/29 15,000,000.00 Entrusted Loan
Jin Jiang Inn 70,000,000.00 2011/12/21 2012/12/21 - Entrusted Loan
Jin Jiang Inn 5,000,000.00 2011/12/09 2012/12/09 - Entrusted Loan
Jin Jiang Inn 35,000,000.00 2011/12/09 2012/12/09 - Entrusted Loan
Jin Jiang Inn 300,000,000.00 2011/06/23 2012/06/23 - Entrusted Loan
Jin Jiang Inn 10,000,000.00 2010/09/29 2012/03/29 - Entrusted Loan
Jin Jiang Inn 15,000,000.00 2010/09/29 2012/03/29 - Entrusted Loan
Jin Jiang Inn 100,000,000.00 2010/09/29 2012/03/29 - Entrusted Loan
合计 1,020,000,000.00 485,000,000.00
Interest expense and interest income between the Company and the related parties were as follows:
UNIT: RMB
Item 2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Interest expenses 1,068,725.00 -
Interest income 2,037,343.72 1,160,040.42
163
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
26. Related party relationships and transactions- continued
(5) Financing- continued
The Company had cash deposits in Finance Company. The balance and transactions were as follows:
UNIT: RMB
Finance Company 2013/6/30 2012/12/31
Closing balance 76,264,677.34 199,055,915.54
UNIT: RMB
Finance Company 2013/1/1 – 2013/6/30 2012/1/1 – 2012/6/30
Accumulative amount of deposits 715,681,273.52 1,041,713,049.46
Interest income 2,037,343.72 1,160,040.42
(6) There was no assets transfer and debt restructure with related parties for this reporting period.
(7) No other transactions between the Company and related parties during the reporting period.
(8) Accounts receivable and payable with related parties
UNIT: RMB
Item Related parties 2013/6/30 2012/12/31
Other receivables Smartel Hotel 635,535,000.00 -
Other receivables Da Hua Hotel 33,414,867.74 17,774,392.98
Other receivables Jin Jiang Hotels Group and related 4,237,848.82 -
entities
Other receivables Shanghai Food and Beverage Serving 2,766,749.15 2,230,777.39
Equipment Co., Ltd.
Other receivables Jin Jiang Inn 593,456.06 480,497.17
Sub total 676,547,921.77 20,485,667.54
Interest receivables Finance Company 1,354,527.76 1,264,195.00
Interest receivables Jin Jiang Inn 111,000.00 151,770.00
Sub total 1,465,527.76 1,415,965.00
Other current assets Jin Jiang Inn 370,000,000.00 485,000,000.00
Sub total 370,000,000.00 485,000,000.00
Long-term receivables Shanghai New Asia Food Co., Ltd. 10,328,000.00 10,328,000.00
Sub total 10,328,000.00 10,328,000.00
Accounts payable Jin Jiang International and related entities 35,354.82 1,089,600.00
Accounts payable Jin Jiang Hotels Group and related 276,871.10 95,674.06
entities
Sub total 312,225.92 1,185,274.06
Other payables Jin Jiang Hotels Group and related 704,248.65 54,820.00
entities
Other payables Jin Jiang Inn 2,551,491.29 944,538.82
Other payables Hotels Investment 70,510,292.18 203,852.25
Other payables Shanghai New Asia Caféde Coral Catering 15,000.00 15,000.00
Co., Ltd.
Sub total 73,781,032.12 1,218,211.07
Advances from customers Jin Jiang International and related entities - 283,332.60
Sub total - 283,332.60
164
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD FROM 1 JANUARY 2013 TO 30 JUNE 2013
XIII NOTES TO THE COMPANY'S FINANCIAL STATEMENTS - continued
27. Cash and cash equivalents
UNIT: RMB
Items 2013/6/30 2012/12/31
Cash 103,063,301.23 237,931,536.21
Including: Cash on hand 368,308.49 138,945.63
Bank deposits that can be readily withdrawn on 102,694,992.74 237,792,590.58
Other cash balance used for payment readily - -
Cash equivalents - -
Closing balance of cash and cash equivalents 103,063,301.23 237,931,536.21
165
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD ENDED 30 June 2013
SUPPLEMENTARY INFORMATION
1. EXTRODINARY GAIN AND LOSSES
UNIT: RMB
2013/1/1 – 2012/1/1 –
Item 2013/6/30 2012/6/30
Profit or loss on disposals of non-current assets (193,373.22) (3,038,312.43)
Tax refunds or reductions with ultra vires approval or without official - -
approval documentsrecognised in profit and loss for the current year (except
Government grants
government grants that is highly business related and determined based on a 19,046,502.02 9,841,795.52
fixed scale according to the national unified standard)
Interest income recognised in profit and loss for the current year from - -
non-financial companies
The excess of attributable fair value of identifiable assets and liabilities over
the consideration paid for subsidiaries recognised on business - -
Profit or loss on exchange of non-monetary assets - -
Profit or loss on entrusted investments - -
Impairment losses provided for each asset due to force majeure
- -
Profit or loss on debt restructuring - -
Business restructuring expenses, e.g., expenditure for layoff of employees, - -
integrationlossexpenses, etc.the unfair portion in transactions with unfair
Profit or relating to
transaction price - -
Net profit or loss of subsidiaries recognised as a result of business
combination of enterprises under common control from the beginning of the - -
period up to the business combination date
Profit or loss arising from provisions other than those related to principal
- -
business activities of the Company
Investment income from changes in fair value of held-for-trading financial
assets and liabilities and disposals of financial assets, liabilities and
available-for-sale financial assets except effective hedging transactions 40,068,645.88 77,848,717.74
related to the Group's normal business
Reversal of specific bad debt provision - -
Profit and loss acquired from loan committed to other entities - -
Profit and loss due to change in fair value of investment properties measured
subsequently with the fair value model - -
Impact of one-off adjustment to profit or loss of current period based on the
requirements of laws and statutes of tax and accounting on the profit of loss - -
of current period
Income of trustee fee acquired from committed operation - -
Other non-operating net income 1,605,628.78 204,984.45
Other non-recurring profit or loss - -
Tax effect of non-recurring profit or loss (15,152,019.14) (21,234,464.59)
Net profit attributable to minority interest (after tax) (1,425,975.10) (233,169.88)
Total 43,949,409.22 63,389,550.81
Preparation basis of extraordinary gains and losses
According to “Explanatory notice No. 1 of information disclosure for public offering securities - Extraordinary gain and losses [2008]” issued by
China Securities Regulatory Commission, extraordinary gain and losses is arising from the transactions or events that is not directly related to
daily operations, or the transactions or events associated with normal operations but may affect the investors proper judgments on the performance
and profitability of the Company for because special and incidental nature.
166
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD ENDED 30 June 2013
SUPPLEMENTARY INFORMATION
2. RETURN ON NET ASSETS AND EARNINGS PER SHARE ("EPS")
The calculation of return on net assets and EPS by Shanghai Jin Jiang International Hotels Development Co., Ltd. is in
accordance with Information Disclosure and Presentation Rules for Companies Making Public Offering No. 9 –
Calculation and Disclosure of Return on Net Assets and Earnings per Share (Revised 2011) issued by China Securities
Regulatory Commission.
UNIT: RMB
Weighted average rate of EPS
Profit for the reporting period return on net assets (%) Basic Diluted(Note)
Calculated based on net profit
3.89 0.2786 Not applicable
attributable to ordinary equity holders
Calculated based on net profit
attributable to ordinary equity holders 2.88 0.2057 Not applicable
after extraordinary gain and losses
Note：The company had no diluted potential ordinary shares.
167
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD ENDED 30 June 2013
SUPPLEMENTARY INFORMATION
3. COMBINED FINANCIAL STATEMENTS AND OPERATING DATA OF LIMITED SERVICE HOTEL SEGMENT
Attached are the financial statements of limited service hotel segment, including combined balance sheets, combined
income statements and combined cash flow statements (both period ended 30 June 2013 and 2012), and relevant
operating data for reference. The inter-segment balances and transactions are not eliminated in these combined financial
statements. The combined financial statements and operating data are just for users' reference.
Combined balance sheet of limited service hotel segment
Unit: RMB
Item 2013/6/30 2012/12/31 Item 2013/6/30 2012/12/31
Current Assets: Current Libilities:
Currency funds 332,065,200.41 475,706,821.38 Short-term borrowings 370,000,000.00 470,000,000.00
Held-for-trading Held-for-trading financial
- - - -
financial assets liabilities
Notes receivable - - Notes payable - -
Accounts receivable 72,499,449.45 46,041,356.70 Accounts payable 811,302,319.82 382,288,871.36
Advances to 44,056,204.10 149,961,876.34
38,045,222.71 Advances from customers 138,565,317.71
suppliers
Interest receivable 175,669.18 898,209.71 Employee benefits payable 96,568,123.92 94,520,786.50
Dividends - 53,066,393.32
144,270.72 Taxes payable 58,144,884.22
receivable
Other receivables 132,100,520.91 50,055,347.29 Interest payable 123,333.34 172,333.34
Inventories 24,632,369.92 16,708,430.58 Dividends payable 101,835,000.00 -
Non-current assets
- - Other payables 745,727,061.18 100,958,968.91
due within one year
Non-current liabilities due within
Other current assets 55,346,847.79 1,385,146.51 348,952.37 448,496.32
one year
Total current -
655,009,551.09 634,851,516.27 Other current liabilities -
assets
Total current liabilities 2,322,614,992.56 1,251,417,726.09
Non-current
Non-current Liabilities:
Assets:
Available-for-sale 4,271,667.84
3,707,130.24 Long-term borrowings - -
financial assets
Held-to-maturity -
- Bonds payable - -
investments
Long-term -
- Long-term payables 6,693,277.18 6,689,506.92
receivables
Long-term equity 9,451,350.00
9,451,350.00 Special payables - -
investments
Investment -
- Foreseeable liabilities - -
properties
Fixed assets 2,517,296,189.93 1,100,301,557.66 Deferred tax liabilities 123,482,291.55 10,590,382.13
Construction in 343,729,097.43
619,482,140.23 Other non-current liabilities 6,521,328.62 2,948,762.64
progress
Construction
- - Total non-current liabilities 136,696,897.35 20,228,651.69
materials
Fixed and held for
- - TOTAL LIABILITIES 2,459,311,889.91 1,271,646,377.78
disposal
Bearer biological
- - SHAREHOLDERS' EQUITY:
assets
Oil and gas assets - - Share capital 1,794,103,922.55 1,444,103,922.55
Intangible assets 241,330,184.82 244,439,317.00 Capital reserve 745,606,944.21 398,742,593.16
Development
- - Less: Treasury shares - -
expenditure
Goodwill 40,171,417.85 40,171,417.85 Surplus reserve 76,162,532.09 75,870,860.16
Long-term prepaid
1,299,770,687.30 1,222,661,457.57 Unappropriated profits 283,409,176.48 323,718,958.65
expenses
Appropriations from parent
Deferred tax assets 78,593,336.00 68,583,112.42 116,525,016.07 126,507,442.41
company
Total shareholders' equity
Other non-current
40,357,450.46 - attributable to limited service 3,015,807,591.40 2,368,943,776.93
assets
hotel segment
Total non-current
4,850,159,886.83 3,033,608,977.77 Minority interests 30,049,956.61 27,870,339.33
assets
TOTAL SHAREHOLDERS’
3,045,857,548.01 2,396,814,116.26
EQUITY
TOTAL LIABILITIES AND
TOTAL ASSETS 5,505,169,437.92 3,668,460,494.04 5,505,169,437.92 3,668,460,494.04
SHAREHOLDERS' EQUITY
168
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD ENDED 30 June 2013
SUPPLEMENTARY INFORMATION
3. COMBINED FINANCIAL STATEMENTS AND OPERATING DATA OF LIMITED SERVICE HOTEL SEGMENT - continued
Combined income statement of limited service hotel segment
Unit: RMB
Period ended Period ended
Items
2013/6/30 2012/6/30
1. Revenues: 2,103,693,739.07 1,889,474,840.89
Leased-and-operated hotels 1,873,299,772.43 1,718,452,421.44
Franchised-and-managed hotels 230,393,966.64 171,022,419.45
Total revenues 2,103,693,739.07 1,889,474,840.89
Less: Business taxes and levies 117,227,384.48 106,181,288.43
Net revenues 1,986,466,354.59 1,783,293,552.46
Operating costs and expenses:
Leased-and-operated hotels:
Rents 154,894,049.04 129,203,735.59
Energy costs 75,287,353.97 71,439,097.49
Employee benefits expense 206,447,361.18 169,035,050.86
Depreciation 63,557,218.53 64,859,008.44
Amortisation 78,800,045.07 79,692,370.42
Food, beverage and consumables used 57,323,033.42 62,187,922.08
Others 117,681,609.22 106,653,929.28
Subtotal: 753,990,670.43 683,071,114.16
Selling and marketing expenses 28,662,483.29 22,263,546.13
General and administrative expenses 83,118,221.87 100,708,211.94
Pre-opening expenses 9,627,705.03 6,868,818.39
Total operating costs and expenses 875,399,080.62 812,911,690.62
2. Income (loss) from operations 146,282,551.48 142,571,046.53
Interest income 2,206,361.30 3,472,638.19
Interest expense 2,721,483.58 3,956,675.77
Other non-operating income 20,548,911.43 9,297,436.80
Other non-operating expense 695,522.24 2,644,649.09
3. Profit before tax 165,620,818.39 148,739,796.66
Less: Income tax expense 39,951,560.64 36,560,287.59
Net Income 125,669,257.75 112,179,509.07
Less: minority interest 2,283,573.23 2,281,486.32
Net income (loss) attributable to economy hotel segment 123,385,684.52 109,898,022.75
169
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD ENDED 30 June 2013
SUPPLEMENTARY INFORMATION
3. COMBINED FINANCIAL STATEMENTS AND OPERATING DATA OF LIMITED SERVICE HOTEL SEGMENT - continued
Combined cash flow statement of limited service hotel segment
Unit: RMB
Period ended Period ended
Items
2013/6/30 2012/6/30
I. Cash flow from operating activities:
Cash receipts from the sale of goods and the rendering of 1,052,239,068.45 1,005,165,620.06
services
Receipts of tax refund - -
Other cash receipts relating to operating activities 741,749,312.63 42,057,596.19
Sub-total of cash inflows 1,793,988,381.08 1,047,223,216.25
Cash payments for goods purchased and services received 287,281,426.13 264,547,900.10
Cash payments to and on behalf of employees 272,068,621.42 232,303,022.20
Payments of taxes 107,204,217.96 117,049,444.10
Other cash payments relating to operating activities 276,778,003.35 174,761,809.98
Sub-total of cash outflows 943,332,268.86 788,662,176.38
Net cash flow from operating activities 850,656,112.22 258,561,039.87
II. Cash flow from investing activities:
Cash receipts from returns on investments - -
Cash receipts from investment income - -
Net cash receipts from disposal of property, plant and 1,338,085.00 498,844.00
equipment
Net cash receipts from disposal of subsidiary 2,990,256.00 -
Net cash receipts to acquisition and disposals of subsidiaries and - -
other business units
Other cash receipts relating to investing activities - -
Sub-total of cash inflows 4,328,341.00 498,844.00
Net cash payments to acquisition and disposals of subsidiaries - 57,918,775.94
and other business units
Cash payments for construct fixed assets, intangible assets and 166,431,483.24 134,775,618.22
other long-term assets
Cash payments to acquire investments 52,000,000.00 -
Other cash payments relating to investing activities - -
Sub-total of cash outflows 218,431,483.24 192,694,394.16
Net cash flow from investing activities (214,103,142.24) (192,195,550.16)
III. Cash flow from financing activities:
Cash receipts from capital contributions 54,500,000.00 -
Including: Cash receipts from capital contributions by 4,500,000.00 -
minority shareholders of subsidiaries
Cash receipts from borrowings 300,000,000.00 400,000,000.00
Other cash receipts relating to financing activities - -
Sub-total of cash inflows 354,500,000.00 400,000,000.00
Cash repayments of borrowings 1,075,000,000.00 455,500,000.00
Cash payments for interest expenses and distribution of 59,694,590.95 72,964,399.20
dividends or profits
Including: Cash payments to minority shareholders for 4,146,560.00 2,635,000.00
distribution of dividends or profits
Other cash payments relating to financing activities - -
Sub-total of cash outflows 1,134,694,590.95 528,464,399.20
Net cash flows from financing activities (780,194,590.95) (128,464,399.20)
IV. Effect of foreign exchange rate changes on cash and cash
equivalents - -
V. Net increase in cash and cash equivalents (143,641,620.97) (62,098,909.49)
Add: Opening balance of cash and cash equivalents 475,706,821.38 502,649,126.00
VI. Closing balance of cash and cash equivalents 332,065,200.41 440,550,216.51
170
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD ENDED 30 June 2013
SUPPLEMENTARY INFORMATION
3. COMBINED FINANCIAL STATEMENTS AND OPERATING DATA OF LIMITED SERVICE HOTEL SEGMENT - continued
EBITDA of limited service hotel segment
Unit: RMB
Period ended Period ended
Items 2013/6/30 2012/6/30
Net income of limited service hotel segment 123,385,684.52 109,898,022.75
Interest income 2,206,361.30 3,472,638.19
Interest expense 2,721,483.58 3,956,675.77
Income tax 39,951,560.64 36,560,287.59
Depreciation 66,326,682.49 64,859,008.44
Amortisation 82,385,903.81 79,692,370.42
EBITDA 312,564,953.74 291,493,726.78
EBITDA / Revenue (%) 28.92 28.81
Exchange gain or loss - -
Pre-opening expenses 9,627,705.03 6,868,818.39
Adjusted EBITDA 322,192,658.77 298,362,545.17
Adjusted EBITDA / Revenue (%) 29.81 29.49
Operating costs and expenses of limited service hotel segment
Unit: RMB
Period ended Period ended
Items 2013/6/30 2012/6/30
Amount Amt/Revenue (%) Amount Amt/Revenue (%)
Revenues 1,080,940,598.72 100.00 1,011,788,447.09 100.00
Business taxes and levies 59,258,966.62 5.48 56,305,709.94 5.56
Hotel operating costs 753,990,670.43 69.75 683,071,114.16 67.51
Selling and marketing expenses 28,662,483.29 2.65 22,263,546.13 2.20
General and administrative 83,118,221.87 7.69 100,708,211.94 9.95
expenses
Pre-opening expenses 9,627,705.03 0.89 6,868,818.39 0.68
Operating costs and expenses: 875,399,080.62 80.98 812,911,690.62 80.34
171
SHANGHAI JINJIANG INTERNATIONAL HOTELS DEVELOPMENT CO., LTD.
FOR THE PERIOD ENDED 30 June 2013
SUPPLEMENTARY INFORMATION
3. COMBINED FINANCIAL STATEMENTS AND OPERATING DATA OF LIMITED SERVICE HOTEL SEGMENT - continued
Hotel operating data of limited service hotel segment (2th Quarter, Year 2013)
2012/6/30 2013/3/31 2013/6/30
Total hotels in operation:
Leased-and-operated hotels 180 203 229
Franchised-and-managed hotels 426 520 543
In total 606 723 772
Total hotel rooms in operation:
Leased-and-operated hotels 25,539 28,006 32,243
Franchised-and-managed hotels 48,918 59,260 61,825
In total 74,457 87,266 94,068
Total hotels including pre-opening:
Leased-and-operated hotels 221 232 264
Franchised-and-managed hotels 613 682 714
In total 834 914 978
Total rooms including pre-opening:
Leased-and-operated hotels 30,101 31,719 36,815
Franchised-and-managed hotels 68,542 76,114 79,337
In total 98,643 107,833 116,152
2th Quarter, 2012 1rd Quarter, 2013 2th Quarter, 2013
Occupancy rate (as a percentage)
Leased-and-operated hotels 89.30 77.96 85.57
Franchised-and-managed hotels 87.18 76.47 85.06
In total 87.92 76.94 85.23
Average daily room rate (in RMB/room)
Leased-and-operated hotels 186.62 178.11 184.13
Franchised-and-managed hotels 178.40 173.15 176.58
In total 181.29 174.73 179.05
RevPAR (in RMB/room)
Leased-and-operated hotels 166.65 138.85 157.56
Franchised-and-managed hotels 155.53 132.41 150.20
In total 159.39 134.44 152.60
172