Financial Hightlights

Unaudited Condensed Consolidated Interim Statement of Financial Position

(All amounts in RMB millions)

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  Note 31 Dec 2019 30 Jun 2020
ASSETS
Non-current assets
Property, plant and equipment 14 367,401 357,713
Right-of-use assets 15 43,073 40,695
Goodwill 2,771 2,771
Interest in associates 36,445 36,624
Interest in joint ventures 4,771 5,093
Deferred income tax assets 12 1,226 1,436
Contract assets 595 266
Contract costs 4,923 4,035
Financial assets measured at fair value 16 3,891 3,071
Other assets 18 13,808 13,519
478,904 465,223
Current assets
Inventories and consumables 19 2,359 2,765
Contract assets 1,308 969
Accounts receivable 20 17,233 25,381
Prepayments and other current assets 21 12,456 13,760
Amounts due from ultimate holding company 35 7,688 10,515
Amounts due from related parties 35 240 242
Amounts due from domestic carriers 3,448 4,019
Financial assets measured at fair value 16 202 2,916
Short-term bank deposits, restricted deposits and other financial assets measured at amortised costs 17 3,716 16,585
Cash and cash equivalents 22 34,945 26,359
83,595 103,511
Total assets 562,499 568,734
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 23 254,056 254,056
Reserves (18,803) (19,499)
Retained profits
– Proposed 2019 final dividend 24 4,529
– Others 80,265 87,834
320,047 322,391
Non-controlling interests 708 762
Total equity 320,755 323,153

  Note 31 Dec 2019 30 Jun 2020
LIABILITIES
Non-current liabilities
Long-term bank loans 25 2,869 2,720
Promissory notes 26 998 1,019
Corporate bonds 27 2,998 2,001
Lease liabilities 21,535 19,026
Deferred income tax liabilities 12 87 87
Deferred revenue 4,851 5,371
Amounts due to related parties 3,042 3,042
Other obligations 174 122
36,554 33,388
Current liabilities
Short-term bank loans 28 5,564 1,271
Commercial papers 29 8,995 9,131
Current portion of long-term bank loans 25 437 433
Current portion of corporate bonds 27 1,002
Lease liabilities 10,790 11,750
Accounts payable and accrued liabilities 30 117,525 122,914
Bills payable 4,039 6,654
Taxes payable 1,534 2,755
Amounts due to ultimate holding company 35 1,779 2,271
Amounts due to related parties 35 7,851 11,510
Amounts due to domestic carriers 2,174 2,424
Dividend payable 24 920 2
Current portion of other obligations 2,604 2,571
Contract liabilities 40,648 37,167
Advances from customers 330 338
205,190 212,193
Total liabilities 241,744 245,581
Total equity and liabilities 562,499 568,734
Net current liabilities (121,595) (108,682)
Total assets less current liabilities 357,309 356,541

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