at 31 December 2010 (Amounts in millions)
2010 |
2009 |
||
Note |
RMB |
RMB |
|
ASSETS |
|||
Non-current assets |
|||
Property, plant and equipment, net |
3 |
275,248 |
286,328 |
Construction in progress |
4 |
14,445 |
11,567 |
Lease prepayments |
5,377 |
5,517 |
|
Goodwill |
5 |
29,920 |
29,922 |
Intangible assets |
6 |
9,968 |
12,311 |
Interests in associates |
8 |
1,123 |
997 |
Investments |
9 |
854 |
722 |
Deferred tax assets |
10 |
10,779 |
12,898 |
Other assets |
18 |
4,396 |
5,322 |
Total non-current assets |
352,110 |
365,584 |
|
Current assets |
|||
Inventories |
11 |
3,170 |
2,628 |
Income tax recoverable |
1,882 |
1,714 |
|
Accounts receivable, net |
12 |
17,328 |
17,438 |
Prepayments and other current assets |
13 |
5,073 |
3,910 |
Time deposits with original maturity over three months |
1,968 |
442 |
|
Cash and cash equivalents |
14 |
25,824 |
34,804 |
Total current assets |
55,245 |
60,936 |
|
Total assets |
407,355 |
426,520 |
|
LIABILITIES AND EQUITY |
|||
Current liabilities |
|||
Short-term debt |
15 |
20,675 |
51,650 |
Current portion of long-term debt |
15 |
10,352 |
1,487 |
Accounts payable |
16 |
40,039 |
34,321 |
Accrued expenses and other payables |
17 |
52,885 |
52,193 |
Income tax payables |
327 |
395 |
|
Current portion of finance lease obligations |
– |
18 |
|
Current portion of deferred revenues |
18 |
2,645 |
3,417 |
Total current liabilities |
126,923 |
143,481 |
|
Net current liabilities |
(71,678) |
(82,545) |
|
Total assets less current liabilities |
280,432 |
283,039 |
|
Non-current liabilities |
|||
Long-term debt |
15 |
42,549 |
52,768 |
Deferred revenues |
18 |
3,558 |
5,045 |
Deferred tax liabilities |
10 |
2,361 |
2,613 |
Total non-current liabilities |
48,468 |
60,426 |
|
Total liabilities |
175,391 |
203,907 |
|
Equity |
|||
Share capital |
19 |
80,932 |
80,932 |
Reserves |
20 |
150,536 |
140,800 |
Total equity attributable to equity holders of the Company |
231,468 |
221,732 |
|
Non-controlling interests |
496 |
881 |
|
Total equity |
231,964 |
222,613 |
|
Total liabilities and equity |
407,355 |
426,520 |
|
Approved and authorised for issue by the Board of Directors on 22 March 2011.
Wang Xiaochu |
Shang Bing |
Wu Andi |
Chairman and Chief Executive Officer |
Executive Director, President and Chief Operating Officer |
Executive Director, Executive Vice President and Chief Financial Officer |
The notes on pages 98 to 146 form part of these financial statements.