Consolidated Statement of Financial Position
At 31 December 2018
(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.