Financial Hightlights

Unaudited Condensed Consolidated Statement of Financial Position

(All amounts in RMB millions)

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  Note 31 Dec 2020 30 Jun 2021
ASSETS
Non-current assets
Property, plant and equipment 14 364,187 341,890
Right-of-use assets 15 37,960 35,385
Goodwill 2,771 2,771
Interest in associates 38,802 39,647
Interest in joint ventures 5,656 6,409
Deferred income tax assets 12 745 1,537
Contract assets 103 19
Contract costs 3,672 3,602
Financial assets measured at fair value 16 3,493 4,012
Other assets 18 14,591 15,134
471,980 450,406
Current assets
Inventories and consumables 19 1,951 2,748
Contract assets 823 544
Accounts receivable 20 16,287 24,117
Prepayments and other current assets 21 15,882 16,521
Amounts due from ultimate holding company 35 10,570 10,566
Amounts due from related parties 35 195 362
Amounts due from domestic carriers 3,665 4,254
Financial assets measured at fair value 16 24,189 33,439
Short-term bank deposits and restricted deposits 17 11,989 5,816
Cash and cash equivalents 22 23,085 22,494
108,636 120,861
Total assets 580,616 571,267
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 23 254,056 254,056
Reserves (18,821) (18,491)
Retained profits
– Proposed 2021 interim dividend 24 3,672
– Proposed 2020 final dividend 24 5,018
– Others 86,334 91,829
326,587 331,066
Non-controlling interests 933 974
Total equity 327,520 332,040

  Note 31 Dec 2020 30 Jun 2021
LIABILITIES
Non-current liabilities
Long-term bank loans 25 2,482 1,996
Promissory notes 26 998 998
Corporate bonds 27 1,999
Lease liabilities 16,458 14,097
Deferred income tax liabilities 12 64 63
Deferred revenue 5,927 6,320
Amounts due to related parties 35 3,042 742
Other obligations 98 96
31,068 24,312
Current liabilities
Short-term bank loans 28 740 490
Commercial papers 29 7,000 2,000
Current portion of long-term bank loans 25 418 346
Current portion of corporate bonds 27 1,000 2,022
Lease liabilities 11,503 11,774
Accounts payable and accrued liabilities 30 134,437 126,965
Bills payable 5,482 8,258
Taxes payable 2,805 2,595
Amounts due to ultimate holding company 35 1,640 3,772
Amounts due to related parties 35 9,183 11,105
Amounts due to domestic carriers 2,291 2,486
Current portion of other obligations 2,529 2,556
Contract liabilities 42,641 40,201
Advances from customers 359 345
222,028 214,915
Total liabilities 253,096 239,227
Total equity and liabilities 580,616 571,267
Net current liabilities (113,392) (94,054)
Total assets less current liabilities 358,588 356,352

The notes on pages 18 to 44 are an integral part of these unaudited condensed consolidated interim financial statements.