Consolidated Statement of Financial Position
At 31 December 2020
(Amounts in millions)
Consolidated Statement of Financial Position
  Notes 31 Dec 2019
RMB
31 Dec 2020
RMB
 
ASSETS  
 
Non-current assets  
Property, plant and equipment, net 4 410,008 418,605
Construction in progress 5 59,206 48,425
Right-of-use assets 6 61,549 59,457
Goodwill 7 29,923 29,920
Intangible assets 8 16,349 18,508
Interests in associates 10 39,192 40,303
Financial assets at fair value through profit or loss 73
Equity instruments at fair value through other comprehensive income 11 1,458 1,073
Deferred tax assets 12 7,577 8,164
Other assets 13 4,687 6,552
 
Total non-current assets 629,949 631,080
 
Current assets  
Inventories 15 2,880 3,317
Income tax recoverable 1,662 334
Accounts receivable, net 16 21,489 21,502
Contract assets 17 474 604
Prepayments and other current assets 18 22,219 25,167
Financial assets at fair value through profit or loss 39
Short-term bank deposits and restricted cash 3,628 9,408
Cash and cash equivalents 19 20,791 23,684
 
Total current assets 73,182 84,016
 
Total assets 703,131 715,096
 
LIABILITIES AND EQUITY  
 
Current liabilities
Short-term debt 20 42,527 27,994
Current portion of long-term debt 20 4,444 1,126
Accounts payable 21 102,616 107,578
Accrued expenses and other payables 22 48,516 56,775
Contract liabilities 23 54,388 63,849
Income tax payable 243 350
Current portion of lease liabilities 24 11,569 13,192
Current portion of deferred revenues 25 358 278
 
Total current liabilities 264,661 271,142
 
Net current liabilities (191,479) (187,126)
 
Total assets less current liabilities 438,470 443,954
 
Non-current liabilities
Long-term debt 20 32,051 24,222
Lease liabilities 24 30,577 27,455
Deferred revenues 25 1,097 861
Deferred tax liabilities 12 19,078 24,208
Other non-current liabilities 627 1,033
 
Total non-current liabilities 83,430 77,779
 
Total liabilities 348,091 348,921
 
Equity  
Share capital 26 80,932 80,932
Reserves 27 271,578 282,524
 
Total equity attributable to equity holders of the Company 352,510 363,456
Non-controlling interests 2,530 2,719
 
Total equity 355,040 366,175
 
Total liabilities and equity 703,131 715,096

The notes on pages 171 to 244 form part of these consolidated financial statements.

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