Consolidated Statement of Financial Position
At 31 December 2018
(Amounts in millions)
(Amounts in millions)
| Consolidated Statement of Financial Position | |||
|---|---|---|---|
| Notes | 31 Dec 2017 RMB |
31 Dec 2018 RMB |
|
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment, net | 4 | 406,257 | 407,795 |
| Construction in progress | 5 | 73,106 | 66,644 |
| Lease prepayments | 22,262 | 21,568 | |
| Goodwill | 6 | 29,920 | 29,922 |
| Intangible assets | 7 | 12,391 | 14,161 |
| Interests in associates | 9 | 35,726 | 38,051 |
| Investments | 10 | 1,154 | – |
| Equity instruments at fair value through other comprehensive income | 11 | – | 852 |
| Deferred tax assets | 12 | 5,479 | 6,544 |
| Other assets | 13 | 3,349 | 4,840 |
| Total non-current assets | 589,644 | 590,377 | |
| Current assets | |||
| Inventories | 14 | 4,123 | 4,832 |
| Income tax recoverable | 693 | 121 | |
| Accounts receivable, net | 15 | 22,096 | 20,475 |
| Contract assets | 16 | – | 478 |
| Prepayments and other current assets | 17 | 22,128 | 23,619 |
| Short-term bank deposits | 3,100 | 6,814 | |
| Cash and cash equivalents | 18 | 19,410 | 16,666 |
| Total current assets | 71,550 | 73,005 | |
| Total assets | 661,194 | 663,382 | |
| LIABILITIES AND EQUITY | |||
| Current liabilities | |||
| Short-term debt | 19 | 54,558 | 49,537 |
| Current portion of long-term debt | 19 | 1,146 | 1,139 |
| Accounts payable | 20 | 119,321 | 107,887 |
| Accrued expenses and other payables | 21 | 98,695 | 43,497 |
| Contract liabilities | 22 | – | 55,783 |
| Income tax payable | 404 | 601 | |
| Current portion of finance lease obligations | 51 | 101 | |
| Current portion of deferred revenues | 23 | 1,233 | 375 |
| Total current liabilities | 275,408 | 258,920 | |
| Net current liabilities | (203,858) | (185,915) | |
| Total assets less current liabilities | 385,786 | 404,462 | |
| Non-current liabilities | |||
| Long-term debt | 19 | 48,596 | 44,852 |
| Finance lease obligations | 26 | 115 | |
| Deferred revenues | 23 | 1,828 | 1,454 |
| Deferred tax liabilities | 12 | 8,010 | 13,138 |
| Other non-current liabilities | 629 | 804 | |
| Total non-current liabilities | 59,089 | 60,363 | |
| Total liabilities | 334,497 | 319,283 | |
| Equity | |||
| Share capital | 24 | 80,932 | 80,932 |
| Reserves | 25 | 244,935 | 262,137 |
| Total equity attributable to equity holders of the Company | 325,867 | 343,069 | |
| Non-controlling interests | 830 | 1,030 | |
| Total equity | 326,697 | 344,099 | |
| Total liabilities and equity | 661,194 | 663,382 | |
The notes on pages 169 to 261 form part of these consolidated financial statements.