Financial Hightlights

Unaudited Condensed Consolidated Interim Statement of Financial Position

(All amounts in RMB millions)

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  Note 31 Dec 2017 30 Jun 2018
ASSETS
Non-current assets
Property, plant and equipment 14 416,596 389,649
Lease prepayments 9,313 9,224
Goodwill 2,771 2,771
Interest in associates 33,233 33,787
Interest in joint ventures 2,368 2,659
Deferred income tax assets 12 5,973 4,160
Contract assets 472
Contract costs 5,937
Financial assets at fair value through other comprehensive income 15 4,286 3,780
Other assets 16 20,721 14,949
495,261 467,388
Current assets
Inventories and consumables 17 2,239 1,939
Contract assets 1,505
Accounts receivable 18 13,964 17,011
Prepayments and other current assets 19 13,801 10,186
Amounts due from ultimate holding company 32 239 2,985
Amounts due from related parties 32 3,274 3,184
Amounts due from domestic carriers 4,683 4,608
Financial assets at fair value through profit and loss 160 695
Short-term bank deposits and restricted deposits 5,526 3,411
Cash and cash equivalents 32,836 37,993
76,722 83,517
Total assets 571,983 550,905
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 20 254,056 254,056
Reserves (20,912) (20,999)
Retained profits
– Proposed 2017 final dividend 21 1,591
– Others 69,315 76,034
304,050 309,091
Non-controlling interests 297 339
Total equity 304,347 309,430

  Note 31 Dec 2017 30 Jun 2018
LIABILITIES
Non-current liabilities
Long-term bank loans 22 3,473 3,322
Corporate bonds 24 17,981 10,992
Deferred income tax liabilities 12 108 107
Contract liabilities 1,153
Deferred revenue 3,020 2,240
Other obligations 432 332
25,014 18,146
Current liabilities
Short-term bank loans 25 22,500 18,506
Commercial papers 26 8,991
Current portion of long-term bank loans 22 410 421
Current portion of promissory notes 23 17,960 9,987
Accounts payable and accrued liabilities 27 125,260 119,471
Taxes payable 1,121 1,030
Amounts due to ultimate holding company 32 2,176 3,567
Amounts due to related parties 32 8,126 11,667
Amounts due to domestic carriers 2,538 2,505
Dividend payable 21 920 920
Current portion of corporate bonds 6,995
Current portion of deferred revenue 350 23
Current portion of other obligations 2,987 2,874
Contract liabilities 45,363
Advances from customers 49,283
242,622 223,329
Total liabilities 267,636 241,475
Total equity and liabilities 571,983 550,905
Net current liabilities (165,900) (139,812)
Total assets less current liabilities 329,361 327,576

Note: The Group has initially applied IFRS/HKFRS 15 and IFRS/HKFRS 9 (2014) at 1 January 2018. Under the transition method chosen, comparative information is not restated. See Note 3.

The notes on pages 16 to 52 are an integral part of this unaudited condensed consolidated interim financial information.