## NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 

(RMB AND US$ AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT PER SHARE DATA) 

2. Basis of preparation and accounting policies (cont’d) 

2.3 Summary of significant accounting policies (cont’d) 

(v) Segment reporting 

For management purposes, the Group is organized into operating segments based on their products and services which are independently managed by the respective segment managers responsible for the performance of the respective segments under their charge. The segment managers report directly to the management of the Company who regularly review the segment results in order to allocate resources to the segments and to assess the segment performance. Additional disclosures on each of these segments are shown in Note 30, including the factors used to identify the reportable segments and the measurement basis of segment information. 

2.4 Changes in accounting policy and disclosures New and amended standards and interpretations 

The accounting policies adopted are consistent with those of the previous financial year, except for the following new and revised standards and amendments to IFRS effective as of January 1, 2013: 

l IFRS 1 First-time Adoption of International Financial Reporting Standards – Government Loans – Amendments to IFRS 1 

l IFRS 7 Financial Instruments: Disclosures – Offsetting Financial Assets and Financial Liabilities – Amendments to IFRS 7 

l IFRS 10 Consolidated Financial Statements and IAS 27  Separate Financial Statements 

l IFRS 11 Joint Arrangements and IAS 28  Investment in Associates and Joint Ventures 

l IFRS 12  Disclosure of Interests in Other Entities 

l IFRS 13 Fair Value Measurement 

l IAS 1 Presentation of Items of Other Comprehensive Income – Amendments to IAS 1 

l IAS 1 Clarification of the requirement for comparative information (Amendment) 

l IAS 19 Employee Benefits (Revised 2011) 

l IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine 

The adoption of the standards or interpretation is described below: 

## IFRS 1 First-time Adoption of International Financial Reporting Standards  – Government Loans  – Amendments to IFRS 1 

These amendments require first-time adopters to apply the requirements of IAS 20 Accounting for Government Grants and Disclosure of Government Assistance , prospectively to government loans existing at the date of transition to IFRS. Entities may choose to apply the requirements of IFRS 9 (or IAS 39, as applicable) and IAS 20 to government loans retrospectively if the information needed to do so had been obtained at the time of initially accounting for that loan. The exception would give first-time adopters relief from retrospective measurement of government loans with a below-market rate of interest. The amendment was effective for annual periods on or after January 1, 2013. The amendment has no impact on the Group. 

