Consolidated Statement of Financial Position
At 31 December 2020
(Amounts in millions)
(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.