Consolidated Statement of Financial Position
at 31 December 2023 (Amounts in millions)
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31 December |
31 December |
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Notes |
RMB |
RMB |
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ASSETS |
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Non-current assets |
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Property, plant and equipment, net |
409,943 |
413,963 |
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Construction in progress |
72,238 |
58,443 |
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Right-of-use assets |
76,908 |
87,055 |
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Goodwill |
29,923 |
29,922 |
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Intangible assets |
22,702 |
20,780 |
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Interests in associates and joint ventures |
43,158 |
42,220 |
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Financial assets at fair value through profit or loss |
397 |
402 |
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Equity instruments at fair value through |
1,426 |
885 |
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Deferred tax assets |
1,347 |
3,821 |
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Other assets |
9,909 |
9,135 |
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Total non-current assets |
667,951 |
666,626 |
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Current assets |
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Inventories |
3,417 |
3,513 |
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Income tax recoverable |
140 |
154 |
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Accounts receivable, net |
32,210 |
24,312 |
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Contract assets |
4,665 |
3,042 |
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Prepayments and other current assets |
35,580 |
33,751 |
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Short-term bank deposits and restricted cash |
10,805 |
3,835 |
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Cash and cash equivalents |
81,046 |
72,465 |
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Total current assets |
167,863 |
141,072 |
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Total assets |
835,814 |
807,698 |
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LIABILITIES AND EQUITY |
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Current liabilities |
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Short-term debts |
2,867 |
2,840 |
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Current portion of long-term debts |
1,133 |
3,160 |
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Accounts payable |
145,872 |
127,260 |
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Accrued expenses and other payables |
74,260 |
65,229 |
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Contract liabilities |
65,417 |
67,841 |
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Income tax payable |
488 |
919 |
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Current portion of lease liabilities |
13,399 |
14,488 |
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Total current liabilities |
303,436 |
281,737 |
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Net current liabilities |
(135,573) |
(140,665) |
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Total assets less current liabilities |
532,378 |
525,961 |
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Non-current liabilities |
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Long-term debts |
5,142 |
4,484 |
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Lease liabilities |
42,650 |
52,408 |
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Deferred tax liabilities |
31,025 |
27,945 |
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Other non-current liabilities |
6,394 |
4,697 |
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Total non-current liabilities |
85,211 |
89,534 |
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Total liabilities |
388,647 |
371,271 |
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Equity |
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Share capital |
91,507 |
91,507 |
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Reserves |
351,419 |
340,582 |
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Total equity attributable to equity holders of the |
442,926 |
432,089 |
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Non-controlling interests |
4,241 |
4,338 |
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Total equity |
447,167 |
436,427 |
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Total liabilities and equity |
835,814 |
807,698 |
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Approved and authorised for issue by the Board of Directors on 26 March 2024 and are signed on its behalf by:
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Ke Ruiwen |
Li Yinghui |
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Executive Director, |
Executive Director, Executive Vice President, |
The notes on pages 170 to 252 form part of these consolidated financial statements.