Page 73 - China Mobile Limited - Annual Report 2012

China Mobile Limited
Annual Report 2012
67
Report of Directors
The auditors of the Company were engaged to report on the Group’s Continuing Connected Transactions in accordance
with Hong Kong Standard on Assurance Engagements 3000 “Assurance Engagements Other Than Audits or Reviews of
Historical Financial Information” and with reference to Practice Note 740 “Auditor’s Letter on Continuing Connected
Transactions under the Hong Kong Listing Rules” issued by the Hong Kong Institute of Certified Public Accountants. The
auditors have issued their unqualified letter containing their findings and conclusions in respect of the Continuing Connected
Transactions in accordance with Rule 14A.38 of the Hong Kong Listing Rules. The auditors’ letter has confirmed that the
Continuing Connected Transactions:
(A) have received the approval of the Board;
(B) were in accordance with the pricing policy as stated on the annual report;
(C) have been entered into in accordance with the relevant agreements governing the Continuing Connected Transactions;
and
(D) have not exceeded their respective upper limits for the financial year ended 31 December 2012 set out in the previous
announcements of the Company.
A copy of the auditors’ letter in relation to the Continuing Connected Transactions has been provided by the Company to the
Stock Exchange.
In respect of the Continuing Connected Transactions, the Company has complied with the disclosure requirements under
the Hong Kong Listing Rules in force from time to time.
Purchase, Sale or Redemption of the Company’s Listed Securities
The Company and its subsidiaries did not purchase, sell or redeem any of the listed securities of the Company during the
year ended 31 December 2012.
Bank and Other Loans
Particulars of bank and other loans of the Group as at 31 December 2012 are set out in note 31 to the financial statements.
Financial Summary
A summary of the audited results and of the audited statements of the assets and liabilities of the Group for the last five
financial years is set out on pages 151 to 153 of this annual report.