Financial Hightlights

Consolidated Statement of Financial Position

(All amounts in RMB millions)

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  Note 31 Dec 2019 31 Dec 2020
ASSETS
Non-current assets
Property, plant and equipment 15 367,401 364,187
Right-of-use assets 16 43,073 37,960
Goodwill 17 2,771 2,771
Interest in associates 19 36,445 38,802
Interest in joint ventures 20 4,771 5,656
Deferred income tax assets 13 1,226 745
Contract assets 21 595 103
Contract costs 22 4,923 3,672
Financial assets measured at fair value 23 3,891 3,493
Other assets 25 13,808 14,591
478,904 471,980
Current assets
Inventories and consumables 26 2,359 1,951
Contract assets 21 1,308 823
Accounts receivable 27 17,233 16,287
Prepayments and other current assets 28 12,456 15,882
Amounts due from ultimate holding company 45 7,688 10,570
Amounts due from related parties 45 240 195
Amounts due from domestic carriers 3,448 3,665
Financial assets measured at fair value 23 202 24,189
Short-term bank deposits and restricted deposits 24 3,716 11,989
Cash and cash equivalents 29 34,945 23,085
83,595 108,636
Total assets 562,499 580,616
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 30 254,056 254,056
Reserves 31 (18,803) (18,821)
Retained profits
– Proposed final dividend 32 4,529 5,018
– Others 80,265 86,334
320,047 326,587
Non-controlling interests 708 933
Total equity 320,755 327,520

  Note 31 Dec 2019 31 Dec 2020
LIABILITIES
Non-current liabilities
Long-term bank loans 33 2,869 2,482
Promissory notes 34 998 998
Corporate bonds 35 2,998 1,999
Lease liabilities 36 21,535 16,458
Deferred income tax liabilities 13 87 64
Deferred revenue 37 4,851 5,927
Amounts due to related parties 45 3,042 3,042
Other obligations 38 174 98
36,554 31,068
Current liabilities
Short-term bank loans 39 5,564 740
Commercial papers 40 8,995 7,000
Current portion of long-term bank loans 33 437 418
Current portion of corporate bonds 35 1,000
Lease liabilities 36 10,790 11,503
Accounts payable and accrued liabilities 41 117,525 134,437
Bills payable 4,039 5,482
Taxes payable 1,534 2,805
Amounts due to ultimate holding company 45 1,779 1,640
Amounts due to related parties 45 7,851 9,183
Amounts due to domestic carriers 2,174 2,291
Dividend payable 920
Current portion of other obligations 38 2,604 2,529
Contract liabilities 21 40,648 42,641
Advances from customers 330 359
205,190 222,028
Total liabilities 241,744 253,096
Total equity and liabilities 562,499 580,616
Net current liabilities (121,595) (113,392)
Total assets less current liabilities 357,309 358,588

The notes on pages 102 to 185 are an integral part of these consolidated financial statements.