Financial Hightlights

Consolidated Statement of Financial Position

(All amounts in RMB millions)

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  As at 31 December
  Note 2016 2017
ASSETS
Non-current assets
Property, plant and equipment 15 451,115 416,596
Lease prepayments 16 9,436 9,313
Goodwill 17 2,771 2,771
Interest in associates 19 32,248 33,233
Interest in joint ventures 20 1,175 2,368
Deferred income tax assets 13 5,986 5,973
Financial assets at fair value through other comprehensive income 21 4,326 4,286
Other assets 22 24,879 20,721
531,936 495,261
Current assets
Inventories and consumables 23 2,431 2,239
Accounts receivable 24 13,622 13,964
Prepayments and other current assets 25 14,023 13,801
Amounts due from ultimate holding company 41 239
Amounts due from related parties 41 22,724 3,274
Amounts due from domestic carriers 3,908 4,683
Financial assets at fair value through profit and loss 123 160
Short-term bank deposits and restricted deposits 26 1,754 5,526
Cash and cash equivalents 27 23,633 32,836
82,218 76,722
Total assets 614,154 571,983
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 28 179,102 254,056
Reserves 29 (21,017) (20,912)
Retained profits
– Proposed final dividend 30 1,591
– Others 69,322 69,315
227,407 304,050
Non-controlling interests 275 297
Total equity   227,682 304,347

  As at 31 December
  Note 2016 2017
LIABILITIES
Non-current liabilities
Long-term bank loans 31 4,495 3,473
Promissory notes 32 17,906
Corporate bonds 33 17,970 17,981
Deferred income tax liabilities 13 113 108
Deferred revenue 34 2,998 3,020
Other obligations 35 335 432
43,817 25,014
Current liabilities    
Short-term bank loans 36 76,994 22,500
Commercial papers 37 35,958 8,991
Current portion of long-term bank loans 31 161 410
Current portion of promissory notes 32 18,976 17,960
Accounts payable and accrued liabilities 38 143,224 125,260
Taxes payable 732 1,121
Amounts due to ultimate holding company 41 2,463 2,176
Amounts due to related parties 41 8,700 8,126
Amounts due to domestic carriers 1,989 2,538
Dividend payable 920 920
Current portion of corporate bonds 33 2,000
Current portion of deferred revenue 34 369 350
Current portion of other obligations 35 3,141 2,987
Advances from customers 47,028 49,283
342,655 242,622
Total liabilities   386,472 267,636
Total equity and liabilities   614,154 571,983
Net current liabilities   (260,437) (165,900)
Total assets less current liabilities   271,499 329,361

The notes on pages 111 to 187 are an integral part of these consolidated financial statements.