Financial Statements > Consolidated Statement of Financial Position

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.