Consolidated Statement of Financial Position

At 31 December 2009
(Amounts in millions)

2009

2008

Note

RMB

RMB

           
 

ASSETS

Non-current assets

Property, plant and equipment, net

4

286,328

299,159

Construction in progress

5

11,567

13,615

Lease prepayments

5,517

5,608

Goodwill

6

29,922

29,922

Intangible assets

7

12,311

14,235

Interests in associates

9

997

882

Investments

10

722

177

Deferred tax assets

11

12,898

14,628

Other assets

19

5,322

6,612

           
 

Total non-current assets

365,584

384,838

 

Current assets

Inventories

12

2,628

2,561

Income tax recoverable

1,714

Accounts receivable, net

13

17,438

17,289

Prepayments and other current assets

14

3,910

7,386

Time deposits with original maturity over three months

442

397

Cash and cash equivalents

15

34,804

27,866

           
 

Total current assets

60,936

55,499

           
 

Total assets

426,520

440,337

           
 

LIABILITIES AND EQUITY

Current liabilities

 

Short-term debt

16

51,650

83,448

Current portion of long-term debt

16

1,487

565

Accounts payable

17

34,321

34,458

Accrued expenses and other payables

18

52,193

53,628

Income tax payable

395

164

Current portion of finance lease obligations

18

22

Current portion of deferred revenues

19

3,417

4,505

           
 

Total current liabilities

143,481

176,790

           
 

Net current liabilities

(82,545)

 

(121,291)

           
 

Total assets less current liabilities

283,039

263,547

 

Non-current liabilities

Long-term debt

16

52,768

39,226

Finance lease obligations

18

Deferred revenues

19

5,045

6,939

Deferred tax liabilities

11

2,613

2,816

           
 

Total non-current liabilities

60,426

48,999

           
 

Total liabilities

203,907

225,789

           
 

Equity

Share capital

20

80,932

80,932

Reserves

21

140,800

132,104

           
 

Total equity attributable to equity holders of the Company

221,732

213,036

Minority interests

881

1,512

           
 

Total equity

222,613

214,548

           
 

Total liabilities and equity

426,520

440,337

           

Approved and authorised for issue by the Board of Directors on 22 March 2010.

Wang Xiaochu

Shang Bing

Wu Andi

Chairman and Chief

Executive Director,

Executive Director,

Executive Officer

President and

Executive Vice President

Chief Operating Officer

and Chief Financial Officer

The notes on pages 110 to 166 form part of these financial statements.