At 31 December 2022
(All amounts in RMB millions)
|
As at 31 December |
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|
Note |
2022 |
2021 |
|
|
|
|
|
|
|
ASSETS |
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|
Non-current assets |
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|
Property, plant and equipment |
352,433 |
355,031 |
|
|
Right-of-use assets |
59,227 |
32,866 |
|
|
Goodwill |
2,771 |
2,771 |
|
|
Interest in associates |
42,469 |
41,278 |
|
|
Interest in joint ventures |
8,582 |
7,138 |
|
|
Deferred income tax assets |
469 |
271 |
|
|
Contract assets |
61 |
71 |
|
|
Contract costs |
5,857 |
4,025 |
|
|
Financial assets measured at fair value |
4,109 |
3,715 |
|
|
Other assets |
20,442 |
17,682 |
|
|
|
|
|
|
|
496,420 |
464,848 |
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|
|
|
|
|
|
Current assets |
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|
Inventories |
1,882 |
1,846 |
|
|
Contract assets |
271 |
406 |
|
|
Accounts receivable |
26,331 |
17,957 |
|
|
Prepayments and other current assets |
21,155 |
17,925 |
|
|
Amounts due from ultimate holding company |
4,606 |
10,558 |
|
|
Amounts due from related parties |
465 |
270 |
|
|
Amounts due from domestic carriers |
1,944 |
2,007 |
|
|
Financial assets measured at fair value |
19,593 |
29,011 |
|
|
Short-term bank deposits and restricted deposits |
14,699 |
11,968 |
|
|
Cash and cash equivalents |
55,297 |
34,280 |
|
|
|
|
|
|
|
146,243 |
126,228 |
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|
|
|
|
|
|
Total assets |
642,663 |
591,076 |
|
|
|
|
|
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|
EQUITY |
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|
Equity attributable to equity shareholders of the Company |
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|
Share capital |
254,056 |
254,056 |
|
|
Reserves |
(15,234) |
(17,228) |
|
|
Retained profits |
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|
— Proposed final dividend |
3,335 |
2,937 |
|
|
— Others |
99,462 |
92,572 |
|
|
|
|
|
|
|
341,619 |
332,337 |
||
|
|
|
|
|
|
Non-controlling interests |
1,917 |
1,096 |
|
|
|
|
|
|
|
Total equity |
343,536 |
333,433 |
|
|
|
|
|
|
|
LIABILITIES |
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|
Non-current liabilities |
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|
Long-term bank loans |
1,528 |
1,835 |
|
|
Lease liabilities |
36,429 |
10,415 |
|
|
Deferred income tax liabilities |
950 |
417 |
|
|
Deferred revenue |
7,832 |
6,951 |
|
|
Amounts due to ultimate holding company |
300 |
— |
|
|
Amounts due to related parties |
— |
742 |
|
|
Other obligations |
1,218 |
1,098 |
|
|
|
|
|
|
|
48,257 |
21,458 |
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|
|
|
|
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|
Current liabilities |
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|
Short-term bank loans |
331 |
385 |
|
|
Commercial papers |
5,025 |
6,875 |
|
|
Current portion of long-term bank loans |
368 |
372 |
|
|
Current portion of promissory notes |
— |
1,004 |
|
|
Current portion of corporate bonds |
— |
2,039 |
|
|
Lease liabilities |
12,495 |
12,144 |
|
|
Accounts payable and accrued liabilities |
154,838 |
140,124 |
|
|
Bills payable |
5,811 |
4,246 |
|
|
Taxes payable |
2,197 |
1,435 |
|
|
Amounts due to ultimate holding company |
1,759 |
4,028 |
|
|
Amounts due to related parties |
18,326 |
12,926 |
|
|
Amounts due to domestic carriers |
2,125 |
2,262 |
|
|
Current portion of other obligations |
2,493 |
2,519 |
|
|
Contract liabilities |
44,714 |
45,704 |
|
|
Advances from customers |
388 |
122 |
|
|
|
|
|
|
|
250,870 |
236,185 |
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|
|
|
|
|
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Total liabilities |
299,127 |
257,643 |
|
|
|
|
|
|
|
Total equity and liabilities |
642,663 |
591,076 |
|
|
|
|
|
|
|
Net current liabilities |
(104,627) |
(109,957) |
|
|
|
|
|
|
|
Total assets less current liabilities |
391,793 |
354,891 |
|
|
|
|
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|
The notes on pages 106 to 205 are an integral part of these consolidated financial statements.
Approved and authorised for issue by the Board of Directors on 8 March 2023 and signed on behalf of the Board by:
|
Liu Liehong |
Li Yuzhuo |
|
Chairman and Chief Executive Officer |
Executive Director and Chief Financial Officer |