Investor Relations
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As At 31 December 2022
(All amounts in RMB millions)
At 31 December 2022
  Note 2021 2022
ASSETS
Non-current assets
Property, plant and equipment 15 355,031 352,433
Right-of-use assets 16 32,866 59,227
Goodwill 17 2,771 2,771
Interest in associates 19 41,278 42,469
Interest in joint ventures 20 7,138 8,582
Deferred income tax assets 13 271 469
Contract assets 21 71 61
Contract costs 22 4,025 5,857
Financial assets measured at fair value 23 3,715 4,109
Other assets 25 17,682 20,442
464,848 496,420
Current assets
Inventories 26 1,846 1,882
Contract assets 21 406 271
Accounts receivable 27 17,957 26,331
Prepayments and other current assets 28 17,925 21,155
Amounts due from ultimate holding company 45 10,558 4,606
Amounts due from related parties 45 270 465
Amounts due from domestic carriers 2,007 1,944
Financial assets measured at fair value 23 29,011 19,593
Short-term bank deposits and restricted deposits 24 11,968 14,699
Cash and cash equivalents 29 34,280 55,297
126,228 146,243
Total assets 591,076 642,663
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 30 254,056 254,056
Reserves 31 (17,228) (15,234)
Retained profits
– Proposed final dividend 32 2,937 3,335
– Others 92,572 99,462
332,337 341,619
Non-controlling interests 1,096 1,917
Total equity 333,433 343,536
LIABILITIES
Non-current liabilities
Long-term bank loans 33 1,835 1,528
Lease liabilities 36 10,415 36,429
Deferred income tax liabilities 13 417 950
Deferred revenue 37 6,951 7,832
Amounts due to ultimate holding company 45 300
Amounts due to related parties 45 742
Other obligations 38 1,098 1,218
21,458 48,257
Current liabilities
Short-term bank loans 39 385 331
Commercial papers 40 6,875 5,025
Current portion of long-term bank loans 33 372 368
Current portion of promissory notes 34 1,004
Current portion of corporate bonds 35 2,039
Lease liabilities 36 12,144 12,495
Accounts payable and accrued liabilities 41 140,124 154,838
Bills payable 4,246 5,811
Taxes payable 1,435 2,197
Amounts due to ultimate holding company 45 4,028 1,759
Amounts due to related parties 45 12,926 18,326
Amounts due to domestic carriers 2,262 2,125
Current portion of other obligations 38 2,519 2,493
Contract liabilities 21 45,704 44,714
Advances from customers 122 388
236,185 250,870
Total liabilities 257,643 299,127
Total equity and liabilities 591,076 642,663
Net current liabilities (109,957) (104,627)
Total assets less current liabilities 354,891 391,793

The notes on pages 106 to 205 are an integral part of these consolidated financial statements.

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