Financial Hightlights

Consolidated Statement of Financial Position (Extracted from 2016 Annual Report dated 15 March 2017)

(All amounts in RMB millions)

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  As at 31 December
  Note 2015 2016
ASSETS
Non-current assets
Property, plant and equipment 15 454,631 451,115
Lease prepayments 16 9,148 9,436
Goodwill 17 2,771 2,771
Interest in associates 19 31,997 32,248
Interest in joint ventures 978 1,175
Amounts due from related parties 39 18,322
Deferred income tax assets 13 5,642 5,986
Financial assets at fair value through other comprehensive income 20 4,852 4,326
Other assets 21 25,335 24,879
  553,676 531,936
Current assets      
Inventories and consumables 22 3,946 2,431
Accounts receivable 23 14,957 13,622
Prepayments and other current assets 24 10,864 14,023
Amounts due from related parties 39 2,846 22,724
Amounts due from domestic carriers 1,994 3,908
Financial assets at fair value through profit and loss 106 123
Short-term bank deposits and restricted deposits 25 202 1,754
Cash and cash equivalents 26 21,755 23,633
56,670 82,218
Total assets   610,346 614,154
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 27 179,102 179,102
Reserves 28 (20,734) (21,017)
Retained profits
– Proposed final dividend 29 4,071
– Others 68,777 69,322
231,216 227,407
Non-controlling interests 275
Total equity   231,216 227,682

  As at 31 December
  Note 2015 2016
LIABILITIES
Non-current liabilities
Long-term bank loans 30 1,748 4,495
Promissory notes 31 36,928 17,906
Corporate bonds 32 2,000 17,970
Deferred income tax liabilities 13 18 113
Deferred revenue 2,005 2,998
Other obligations 33 357 335
    43,056 43,817
Current liabilities    
Short-term bank loans 34 83,852 76,994
Commercial papers 35 19,945 35,958
Current portion of long-term bank loans 30 84 161
Current portion of promissory notes 31 2,499 18,976
Accounts payable and accrued liabilities 36 167,396 143,224
Taxes payable 3,163 732
Amounts due to ultimate holding company 39 1,437 2,463
Amounts due to related parties 39 3,930 8,700
Amounts due to domestic carriers 1,300 1,989
Dividend payable 920 920
Current portion of corporate bonds 32 2,000
Current portion of deferred revenue 394 369
Current portion of other obligations 33 2,797 3,141
Advances from customers   48,357 47,028
336,074 342,655
Total liabilities   379,130 386,472
Total equity and liabilities   610,346 614,154
Net current liabilities   (279,404) (260,437)
Total assets less current liabilities   274,272 271,499

The notes on pages 93 to 161 are an integral part of these consolidated financial statements.