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Annual Report 2017

Consolidated Statement of Financial Position

(All amounts in RMB millions)

As at 31 December
  Note 20172016
ASSETS
Non-current assets
Property, plant and equipment 15 416,596 451,115
Lease prepayments 16 9,313 9,436
Goodwill 17 2,771 2,771
Interest in associates 19 33,233 32,248
Interest in joint ventures 20 2,368 1,175
Deferred income tax assets 13 5,973 5,986
Financial assets at fair value through other comprehensive income 21 4,286 4,326
Other assets 22 20,721 24,879
495,261 531,936
Current assets
Inventories and consumables 23 2,239 2,431
Accounts receivable 24 13,964 13,622
Prepayments and other current assets 25 13,801 14,023
Amounts due from ultimate holding company 41 239 -
Amounts due from related parties 41 3,274 22,724
Amounts due from domestic carriers 4,683 3,908
Financial assets at fair value through profit and loss 160 123
Short-term bank deposits and restricted deposits 26 5,526 1,754
Cash and cash equivalents 27 32,836 23,633
76,722 82,218
Total assets 571,983 614,154
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 28 254,056 179,102
Reserves 29 (20,912) (21,017)
Retained profits
- Proposed final dividend 30 1,591 -
- Others 69,315 69,322
304,050 227,407
Non-controlling interests 297 275
Total equity 304,347 227,682
As at 31 December
  Note 20172016
LIABILITIES
Non-current liabilities
Long-term bank loans 31 3,473 4,495
Promissory notes 32 - 17,906
Corporate bonds 33 17,981 17,970
Deferred income tax liabilities 13 108 113
Deferred revenue 34 3,020 2,998
Other obligations 35 432 335
25,014 43,817
Current liabilities
Short-term bank loans 36 22,500 76,994
Commercial papers 37 8,991 35,958
Current portion of long-term bank loans 31 410 161
Current portion of promissory notes 32 17,960 18,976
Accounts payable and accrued liabilities 38 125,260 143,224
Taxes payable 1,121 732
Amounts due to ultimate holding company 41 2,176 2,463
Amounts due to related parties 41 8,126 8,700
Amounts due to domestic carriers 2,538 1,989
Dividend payable 920 920
Current portion of corporate bonds 33 - 2,000
Current portion of deferred revenue 34 350 369
Current portion of other obligations 35 2,987 3,141
Advances from customers 49,283 47,028
242,622 342,655
Total liabilities 267,636 386,472
Total equity and liabilities 571,983 614,154
Net current liabilities (165,900) (260,437)
Total assets less current liabilities 329,361 271,499

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

Approved and authorised for issue by the Board of Directors on 15 March 2018 and signed on behalf of the Board by:

Wang Xiaochu
Director

Li Fushen
Director