Annual Reports  >  2013  > Financial Information > Consolidated Financial ... > NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Financial Statements for the Years Ended December 31, 2013 and 2012
and Independent Auditors’ Report
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012

34.

DECONSOLIDATION OF SUBSIDIARY

Starting June 2013, the Company has no power to govern the financial and operating policies of Xintec due to the loss of power to cast the majority of votes at meetings of the Board of Directors; accordingly, the Company derecognized related assets, liabilities and noncontrolling interests of Xintec.

a.

Consideration received

The Company did not receive any consideration in the deconsolidation of Xintec.

b.

Analysis of assets and liabilities over which the Company lost control

c.

Gain on deconsolidation of subsidiary

Gain on deconsolidation of subsidiary was included in other gains and losses for the year ended December 31, 2013.

d.

Net cash outflow arising from deconsolidation of the subsidiary