Consolidated Statement of Financial Position
At 31 December 2017
(Amounts in millions)
Consolidated Statement of Financial Position
  Notes 31 Dec 2016
RMB
(restated)
31 Dec 2017
RMB
ASSETS  
Non-current assets  
Property, plant and equipment, net 4 389,671 406,257
Construction in progress 5 80,386 73,106
Lease prepayments   22,955 22,262
Goodwill 6 29,923 29,920
Intangible assets 7 11,244 12,391
Interests in associates 9 34,572 35,726
Investments 10 1,535 1,154
Deferred tax assets 11 5,061 5,479
Other assets 19 3,077 3,349
Total non-current assets   578,424 589,644
Current assets  
Inventories 12 5,106 4,123
Income tax recoverable   50 693
Accounts receivable, net 13 21,465 22,096
Prepayments and other current assets 14 19,565 22,128
Short-term bank deposits   3,331 3,100
Cash and cash equivalents 15 24,617 19,410
Total current assets   74,134 71,550
Total assets   652,558 661,194
LIABILITIES AND EQUITY  
Current liabilities  
Short-term debt 16 40,780 54,558
Current portion of long-term debt and payable 16 62,276 1,146
Accounts payable 17 122,493 119,321
Accrued expenses and other payables 18 91,173 98,695
Income tax payable   1,106 404
Current portion of finance lease obligations   52 51
Current portion of deferred revenues 19 1,253 1,233
Total current liabilities   319,133 275,408
Net current liabilities   (244,999) (203,858)
Total assets less current liabilities   333,425 385,786
Non-current liabilities      
Long-term debt 16 9,370 48,596
Finance lease obligations   50 26
Deferred revenues 19 2,305 1,828
Deferred tax liabilities 11 4,770 8,010
Other non-current liabilities   582 629
Total non-current liabilities   17,077 59,089
Total liabilities   336,210 334,497
Equity  
Share capital 20 80,932 80,932
Reserves 21 234,445 244,935
Total equity attributable to equity holders of the Company   315,377 325,867
Non-controlling interests   971 830
Total equity   316,348 326,697
Total liabilities and equity   652,558 661,194

The notes on pages 153 to 221 form part of these consolidated financial statements.

2016 financial data were restated to include the retrospective impact of the acquisition of satellite communications business and Shaanxi Zhonghe Hengtai Insurance Agent Limited.