Consolidated Statement of Financial Position

(All amounts in RMB millions)

As at 31 December
Note 2016 2015
ASSETS
Non-current assets
Property, plant and equipment 15 451,115 454,631
Lease prepayments 16 9,436 9,148
Goodwill 17 2,771 2,771
Interest in associates 19 32,248 31,997
Interest in joint ventures 1,175 978
Amounts due from related parties 39 - 18,322
Deferred income tax assets 13 5,986 5,642
Financial assets at fair value through other comprehensive income 20 4,326 4,852
Other assets 21 24,879 25,335
531,936 553,676
Current assets
Inventories and consumables 22 2,431 3,946
Accounts receivable 23 13,622 14,957
Prepayments and other current assets 24 14,023 10,864
Amounts due from related parties 39 22,724 2,846
Amounts due from domestic carriers 3,908 1,994
Financial assets at fair value through profit and loss 123 106
Short-term bank deposits and restricted deposits 25 1,754 202
Cash and cash equivalents 26 23,633 21,755
82,218 56,670
Total assets 614,154 610,346
EQUITY
Equity attributable to equity shareholders of the Company
Share capital 27 179,102 179,102
Reserves 28 (21,017) (20,734)
Retained profits
– Proposed final dividend 29 - 4,071
– Others 69,322 68,777
227,407 231,216
Non-controlling interests 275 -
Total equity 227,682 231,216

As at 31 December
Note 2016 2015
LIABILITIES
Non-current liabilities
Long-term bank loans 30 4,495 1,748
Promissory notes 31 17,906 36,928
Corporate bonds 32 17,970 2,000
Deferred income tax liabilities 13 113 18
Deferred revenue 2,998 2,005
Other obligations 33 335 357
43,817 43,056
Current liabilities
Short-term bank loans 34 76,994 83,852
Commercial papers 35 35,958 19,945
Current portion of long-term bank loans 30 161 84
Current portion of promissory notes 31 18,976 2,499
Accounts payable and accrued liabilities 36 143,224 167,396
Taxes payable 732 3,163
Amounts due to ultimate holding company 39 2,463 1,437
Amounts due to related parties 39 8,700 3,930
Amounts due to domestic carriers 1,989 1,300
Dividend payable 920 920
Current portion of corporate bonds 32 2,000 -
Current portion of deferred revenue 369 394
Current portion of other obligations 33 3,141 2,797
Advances from customers 47,028 48,357
342,655 336,074
Total liabilities 386,472 379,130
Total equity and liabilities 614,154 610,346
Net current liabilities (260,437) (279,404)
Total assets less current liabilities 271,499 274,272

The notes on pages 93 to 161 are an integral part of these consolidated financial statements.

Approved and authorised for issue by the Board of Directors on 15 March 2017 and signed on behalf of the Board by:

Wang Xiaochu
Li Fushen
Director
Director

My Annual Report

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