Financial Hightlights

Unaudited Condensed Consolidated Interim Statement of Financial Position

(All amounts in RMB millions)

Download
  Note 31 Dec 2018 30 Jun 2019
ASSETS
Non-current assets
Property, plant and equipment 14 389,475 371, 145
Lease prepayments 9,290
Right-of-use assets 44,542
Goodwill 2,771 2,771
Interest in associates 33,758 36,077
Interest in joint ventures 3,966 4,322
Deferred income tax assets 12 3,401 2,495
Contract assets 570 609
Contract costs 5,632 5,460
Financial assets at fair value through other comprehensive income 15 3,903 3,838
Other assets 16 14,645 12,592
464,411 483,851
Current assets
Inventories and consumables 17 2,388 2,278
Contract assets 1,254 1,251
Accounts receivable 18 14,433 21,433
Prepayments and other current assets 19 11,106 11,425
Amounts due from ultimate holding company 31 7,431 9,403
Amounts due from related parties 31 935 248
Amounts due from domestic carriers 3,812 3,909
Financial assets at fair value through profit and loss 770 265
Short-term bank deposits and restricted deposits 3,720 3,560
Cash and cash equivalents 30,060 27,504
75,909 81,276
Total assets 540,320 565,127
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 20 254,056 254,056
Reserves (20,154) (19,846)
Retained profits
– Proposed 2018 final dividend 21 4,100
– Others 75,920 81,830
313,922 316,040
Non-controlling interests 364 647
Total equity 314,286 316,687

  Note 31 Dec 208 30 Jun 2019
LIABILITIES
Non-current liabilities
Long-term bank loans 22 3,173 3,023
Lease liabilities 23,523
Corporate bonds 23 999 2,996
Deferred income tax liabilities 12 111 112
Deferred revenue 3,609 4,349
Amounts due to related parties 3,042 3,042
Other obligations 190 229
11,124 37,274
Current liabilities
Short-term bank loans 24 15,085 10,620
Lease liabilities 10,666
Current portion of long-term bank loans 22 441 435
Accounts payable and accrued liabilities 25 122,458 123,473
Taxes payable 911 790
Amounts due to ultimate holding company 31 1,214 1,425
Amounts due to related parties 31 8,843 8,069
Amounts due to domestic carriers 2,144 2,399
Dividend payable 21 920 920
Current portion of corporate bonds 23 16,994 10,000
Current portion of deferred revenue 78
Current portion of other obligations 2,844 2,676
Contract liabilities 42,650 39,402
Advances from customers 328 291
214,910 221,166
Total liabilities 226,034 248,440
Total equity and liabilities 540,320 565,127
Net current liabilities (139,001) (129,890)
Total assets less current liabilities 325,410 353,961

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 3.

The notes on pages 18 to 54 are an integral part of this unaudited condensed consolidated interim financial information.