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## NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 

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

## 26. Trade and other payables (cont’d) 

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(i) Non-current other payables relate to provision for bonus which is not expected to be settled next 12 months. 

Terms and conditions of the above financial liabilities: 

l Trade payables are non-interest bearing and are normally settled on 60-day terms. 

l Other payables (current) are non-interest bearing and have an average term of three months. 

l Interest payable is normally settled throughout the financial year. As of December 31, 2012 and 2013, Rmb 14,296 and Rmb 27,626 (US$4,514) of interest payable were related to outstanding short-term financing bonds and medium-term notes, respectively. 

l For terms and conditions relating to related parties, refer to Note 28. 

## 27. Provision for product warranty 

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## 28. Related party disclosures 

## The ultimate parent 

As of December 31, 2013, the controlling shareholder of the Company, HLA, indirectly owned 12,998,040, or 34.9%, of the ordinary shares in the capital of the Company, as well as a special share that entitles it to elect a majority of directors of the Company. HLA controls the Company through its wholly-owned subsidiary, HLC, and through HLT, a wholly-owned subsidiary of HLC. HLT owns approximately 21.0% of the ordinary shares in the capital of the Company and is, and has since August 2002 been, the registered holder of the special share. HLA also owns, through another wholly-owned subsidiary, Well Summit Investments Limited, approximately 13.9% of the ordinary shares in the capital of the Company. HLA is a member of the Hong Leong Investment Holdings Pte. Ltd., or Hong Leong Investment group of companies. Prior to August 2002, the Company was controlled by Diesel Machinery (BVI) Limited, which, until its dissolution, was a holding company controlled by HLC and was the prior owner of the special share. Through HLT’s stock ownership and the rights accorded to the special share under Bye-Laws of the Company and various agreements among shareholders, HLA is able to effectively approve and effect most corporate transactions. 

There were transactions other than dividends paid, between the Group and HLA of Rmb 329, Rmb Nil and Rmb 98 (US$16) during the financial years ended December 31, 2011, 2012 and 2013 respectively. 

