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/ China Communications Services Corporation Limited /
Management’sDiscussionandAnalysis of Financial Conditions andResults ofOperations
Contractual Obligations
The following table sets out our contractual obligations as at 31 December 2011:
Total
2012
2013
2014
2015
2016
and after
RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000
Short-term debt
998,335 998,335
–
–
–
–
Operating lease commitments
468,696 185,647 92,143 63,215 38,284 89,407
Capital commitments
154,947 154,947
–
–
–
–
Of which:
Authorized and contracted for
93,431 93,431
–
–
–
–
Authorized but not contracted for
61,516 61,516
–
–
–
–
Total of contractual obligations
1,621,978 1,338,929 92,143 63,215 38,284 89,407
Exchange Rate
Most of our revenues and expenses are settled in Renminbi and therefore the risks associated with foreign currency
exchange rates have no significant impact on our business performance. As at the end of 2011, the balance of our
cash and cash equivalents in foreign currencies accounted for 4.3% of our total cash and cash equivalents, of which
2.5% and 0.6% were denominated in US dollars and Hong Kong dollars, respectively.