Financial Hightlights

Consolidated Statement of Financial Position

(All amounts in RMB millions)

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  Note As at 31 Dec 2018 As at 31 Dec 2019
Note
ASSETS
Non-current assets
Property, plant and equipment 15 384,475 367,401
Lease prepayments 16 9,290
Right-of-use assets 17 43,073
Goodwill 18 2,771 2,771
Interest in associates 20 35,758 36,445
Interest in joint ventures 21 3,966 4,771
Deferred income tax assets 13 3,401 1,226
Contract assets 22 570 595
Contract costs 23 5,632 4,923
Financial assets at fair value through other comprehensive income 24 3,903 3,323
Financial assets at fair value through profit and loss 568
Other assets 25 14,645 13,808
464,411 478,904
Current assets
Inventories and consumables 26 2,388 2,359
Contract assets 22 1,254 1,308
Accounts receivable 27 14,433 17,233
Prepayments and other current assets 28 11,106 12,456
Amounts due from ultimate holding company 46 7,431 7,688
Amounts due from related parties 46 935 240
Amounts due from domestic carriers 3,812 3,448
Financial assets at fair value through profit and loss 770 202
Short-term bank deposits and restricted deposits 29 3,720 3,716
Cash and cash equivalents 30 30,060 34,945
75,909 83,595
Total assets 540,320 562,499
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 31 254,056 254,056
Reserves 32 (20,154) (18,803)
Retained profits
– Proposed final dividend 33 4,100 4,529
– Others 75,920 80,265
313,922 320,047
Non-controlling interests 364 708
Total equity 314,286 320,755

  Note As at 31 Dec 2018 As at 31 Dec 2019
Note
LIABILITIES
Non-current liabilities
Long-term bank loans 34 3,173 2,869
Promissory notes 35 998
Corporate bonds 36 999 2,998
Lease liabilities 37 21,535
Deferred income tax liabilities 13 111 87
Deferred revenue 38 3,609 4,851
Amounts due to related parties 46 3,042 3,042
Other obligations 39 190 174
11,124 36,554
Current liabilities
Short-term bank loans 40 15,085 5,564
Commercial papers 41 8,995
Current portion of long-term bank loans 34 441 437
Current portion of corporate bonds 36 16,994
Lease liabilities 37 10,790
Accounts payable and accrued liabilities 42 122,458 121,564
Taxes payable 911 1,534
Amounts due to ultimate holding company 46 1,214 1,779
Amounts due to related parties 46 8,843 7,851
Amounts due to domestic carriers 2,144 2,174
Dividend payable 920 920
Current portion of deferred revenue 38 78
Current portion of other obligations 39 2,844 2,604
Contract liabilities 22 42,650 40,648
Advances from customers 328 330
214,910 205,190
Total liabilities 226,034 241,744
Total equity and liabilities 540,320 562,499
Net current liabilities (139,001) (121,595)
Total assets less current liabilities 325,410 357,309

Note: The Group has initially applied IFRS/HKFRS 16 at 1 January 2019 using the modified retrospective approach. Under this approach, comparative information is not restated. See Note 2.

The notes on pages 102 to 197 are an integral part of these consolidated financial statements.