Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document and entity information [abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2018 |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | FY |
Trading Symbol | CHL |
Entity Registrant Name | CHINA MOBILE LTD /ADR/ |
Entity Central Index Key | 0001117795 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Entity Common Stock, Shares Outstanding | 20,475,482,897 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Operating revenue | |||
Revenue from telecommunications services | ¥ 670,907 | ¥ 668,351 | ¥ 623,422 |
Revenue from sales of products and others | 65,912 | 72,163 | 84,999 |
Operating revenue | 736,819 | 740,514 | 708,421 |
Operating expenses | |||
Leased lines and network assets | 47,470 | 46,336 | 39,083 |
Interconnection | 20,692 | 21,762 | 21,779 |
Depreciation | 152,545 | 149,780 | 138,090 |
Employee benefit and related expenses | 93,939 | 85,513 | 79,463 |
Selling expenses | 60,326 | 61,086 | 57,493 |
Cost of products sold | 66,231 | 73,668 | 87,352 |
Other operating expenses | 174,229 | 182,243 | 167,073 |
Operating expenses | 615,432 | 620,388 | 590,333 |
Profit from operations | 121,387 | 120,126 | 118,088 |
Other gains | 2,906 | 2,389 | 1,968 |
Interest and other income | 15,885 | 15,883 | 16,005 |
Finance costs | (144) | (210) | (235) |
Income from investments accounted for using the equity method | 13,861 | 9,949 | 8,636 |
Profit before taxation | 153,895 | 148,137 | 144,462 |
Taxation | (35,944) | (33,723) | (35,623) |
PROFIT FOR THE YEAR | 117,951 | 114,414 | 108,839 |
Items that will not be subsequently reclassified to profit or loss | |||
Changes in the fair value of equity investments at fair value through other comprehensive income | (168) | ||
Share of other comprehensive income/(loss) of investments accounted for using the equity method | 60 | (16) | |
Items that may be subsequently reclassified to profit or loss | |||
Change in value of available-for-sale financial assets | (5) | 24 | |
Currency translation differences | 1,160 | (735) | 774 |
Share of other comprehensive income/(loss) of investments accounted for using the equity method | 1,188 | (1,038) | (1,043) |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 120,191 | 112,636 | 108,578 |
Profit attributable to: | |||
Equity shareholders of the Company | 117,781 | 114,279 | 108,741 |
Non-controlling interests | 170 | 135 | 98 |
PROFIT FOR THE YEAR | 117,951 | 114,414 | 108,839 |
Total comprehensive income attributable to: | |||
Equity shareholders of the Company | 120,021 | 112,501 | 108,480 |
Non-controlling interests | 170 | 135 | 98 |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | ¥ 120,191 | ¥ 112,636 | ¥ 108,578 |
Earnings per share - Basic and diluted | ¥ 5.75 | ¥ 5.58 | ¥ 5.31 |
Consolidated Balance Sheets
Consolidated Balance Sheets ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) |
Non-current assets | ||
Property, plant and equipment | ¥ 666,496 | ¥ 648,029 |
Construction in progress | 72,180 | 78,112 |
Land lease prepayments and others | 27,778 | 28,322 |
Goodwill | 35,343 | 35,343 |
Other intangible assets | 2,620 | 1,721 |
Investments accounted for using the equity method | 145,325 | 132,499 |
Deferred tax assets | 29,654 | 33,343 |
Financial assets at fair value through other comprehensive income | 587 | |
Available-for-sale financial assets | 44 | |
Restricted bank deposits | 12,369 | 6,504 |
Other non-current assets | 8,442 | |
Non-current assets | 1,000,794 | 963,917 |
Current assets | ||
Inventories | 8,857 | 10,222 |
Contract assets | 5,022 | |
Accounts receivable | 26,540 | 24,153 |
Other receivables | 39,543 | 31,201 |
Prepayments and other current assets | 27,002 | 24,552 |
Amount due from ultimate holding company | 570 | 221 |
Tax recoverable | 1,959 | 1,519 |
Financial assets at fair value through profit or loss | 76,425 | |
Available-for-sale financial assets | 65,630 | |
Restricted bank deposits | 9 | 691 |
Bank deposits | 291,887 | 279,371 |
Cash and cash equivalents | 57,302 | 120,636 |
Current assets | 535,116 | 558,196 |
Total assets | 1,535,910 | 1,522,113 |
Current liabilities | ||
Accounts payable | 190,847 | 233,169 |
Bills payable | 3,221 | 3,303 |
Deferred revenue | 63,185 | 85,282 |
Accrued expenses and other payables | 195,572 | 190,866 |
Amount due to ultimate holding company | 11,020 | 8,646 |
Income tax payable | 10,553 | 8,716 |
Current liabilities | 474,398 | 529,982 |
Non-current liabilities | ||
Deferred revenue - non-current | 4,881 | 2,888 |
Deferred tax liabilities | 822 | 362 |
Non-current liabilities | 5,703 | 3,250 |
Total liabilities | 480,101 | 533,232 |
Equity | ||
Share capital | 402,130 | 402,130 |
Reserves | 650,275 | 583,506 |
Total equity attributable to equity shareholders of the Company | 1,052,405 | 985,636 |
Non-controlling interests | 3,404 | 3,245 |
Total equity | 1,055,809 | 988,881 |
Total equity and liabilities | ¥ 1,535,910 | ¥ 1,522,113 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - CNY (¥) ¥ in Millions | Total | Share capital [Member] | Capital reserve [Member] | General reserve [Member] | Exchange reserve [Member] | PRC statutory and other reserves [member] | Retained profits [Member] | Attributable to equity shareholders of the Company [member] | Non-controlling interests [Member] |
Beginning balance at Dec. 31, 2015 | ¥ 920,368 | ¥ 402,130 | ¥ (264,289) | ¥ 72 | ¥ (165) | ¥ 279,484 | ¥ 500,104 | ¥ 917,336 | ¥ 3,032 |
Changes in equity | |||||||||
PROFIT FOR THE YEAR | 108,839 | 108,741 | 108,741 | 98 | |||||
Change in value of available-for-sale financial assets | 24 | 24 | 24 | ||||||
Currency translation differences | 774 | 774 | 774 | ||||||
Share of other comprehensive income (loss) of investments accounted for using the equity method | (1,059) | (1,043) | (16) | (1,059) | |||||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 108,578 | (1,019) | 774 | 108,725 | 108,480 | 98 | |||
Dividends approved in respect of previous year (note 32(b)(ii)) | (20,777) | (20,764) | (20,764) | (13) | |||||
Dividends declared in respect of current year (note 32(b)(i)) | (26,227) | (26,227) | (26,227) | ||||||
Transfer to PRC statutory reserves (note 32(c)(ii)) | 25,525 | (25,525) | |||||||
Others | 196 | 196 | 196 | ||||||
Ending balance at Dec. 31, 2016 | 982,138 | 402,130 | (265,308) | 72 | 609 | 305,205 | 536,313 | 979,021 | 3,117 |
Changes in equity | |||||||||
PROFIT FOR THE YEAR | 114,414 | 114,279 | 114,279 | 135 | |||||
Change in value of available-for-sale financial assets | (5) | (5) | (5) | ||||||
Currency translation differences | (735) | (735) | (735) | ||||||
Share of other comprehensive income (loss) of investments accounted for using the equity method | (1,038) | (1,038) | (1,038) | ||||||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 112,636 | (1,043) | (735) | 114,279 | 112,501 | 135 | |||
Dividends approved in respect of previous year (note 32(b)(ii)) | (22,211) | (22,204) | (22,204) | (7) | |||||
Dividends declared in respect of current year (note 32(b)(i)) | (83,832) | (83,832) | (83,832) | ||||||
Transfer to PRC statutory reserves (note 32(c)(ii)) | 21,808 | (21,808) | |||||||
Others | 150 | 150 | 150 | ||||||
Ending balance (Previously stated [member]) at Dec. 31, 2017 | 988,881 | 402,130 | (266,351) | 72 | (126) | 327,163 | 522,748 | 985,636 | 3,245 |
Ending balance (Increase decrease due to changes in accounting policy required by IFRS15 and IFRS9 [member]) at Dec. 31, 2017 | 6,531 | 548 | 1,181 | 4,802 | 6,531 | ||||
Ending balance (As restated [member]) at Dec. 31, 2017 | 995,412 | 402,130 | (265,803) | 72 | (126) | 328,344 | 527,550 | 992,167 | 3,245 |
Ending balance at Dec. 31, 2017 | 988,881 | ||||||||
Changes in equity | |||||||||
PROFIT FOR THE YEAR | 117,951 | 117,781 | 117,781 | 170 | |||||
Changes in the fair value of financial assets at fair value through other comprehensive income | (168) | (168) | (168) | ||||||
Currency translation differences | 1,160 | 1,160 | 1,160 | ||||||
Share of other comprehensive income (loss) of investments accounted for using the equity method | 1,248 | 1,248 | 1,248 | ||||||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 120,191 | 1,080 | 1,160 | 117,781 | 120,021 | 170 | |||
Dividends approved in respect of previous year (note 32(b)(ii)) | (27,070) | (27,060) | (27,060) | (10) | |||||
Dividends declared in respect of current year (note 32(b)(i)) | (32,870) | (32,870) | (32,870) | ||||||
Transfer to PRC statutory reserves (note 32(c)(ii)) | 19,148 | (19,148) | |||||||
Others | 146 | 147 | 147 | (1) | |||||
Ending balance at Dec. 31, 2018 | ¥ 1,055,809 | ¥ 402,130 | ¥ (264,723) | ¥ 72 | ¥ 1,034 | ¥ 347,639 | ¥ 566,253 | ¥ 1,052,405 | ¥ 3,404 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Operating activities | |||
Profit before taxation | ¥ 153,895 | ¥ 148,137 | ¥ 144,462 |
Adjustments for: | |||
Depreciation of property, plant and equipment | 152,545 | 149,780 | 138,090 |
Amortization of other intangible assets | 1,609 | 515 | 499 |
Amortization of land lease prepayments | 467 | 446 | 443 |
Loss/(gain) on disposal of property, plant and equipment | 8 | 8 | (180) |
Write-off and impairment of property, plant and equipment | 1,250 | 12,593 | 7,216 |
Impairment loss of doubtful accounts | 4,635 | 3,392 | 3,734 |
Write-down of inventories | 155 | 297 | 282 |
Interest and other income | (15,885) | (15,883) | (16,005) |
Finance costs | 144 | 210 | 235 |
Income from investments accounted for using the equity method | (13,861) | (9,949) | (8,636) |
Net exchange gain | (46) | (27) | 115 |
Operating cash flows before changes in working capital | 284,916 | 289,519 | 270,255 |
Decrease/(increase) in inventories | 1,212 | (1,690) | 886 |
Increase in contract assets | (874) | ||
Increase in contract cost | (2,021) | ||
Increase in accounts receivable | (7,058) | (8,367) | (4,930) |
Decrease/(increase) in other receivables | 1,784 | 648 | (4,668) |
Increase in prepayments and other current assets | (2,999) | (6,330) | (5,071) |
(Increase)/decrease in amount due from ultimate holding company | (348) | 26 | |
Increase in deposited customer reserves | (4,835) | (3,047) | |
(Decrease)/increase in accounts payable | (16,400) | (1,246) | 11,931 |
Increase in bills payable | 873 | 1,695 | 227 |
(Decrease)/increase in deferred revenue | (19,588) | 1,811 | 7,231 |
Increase in accrued expenses and other payables | 4,613 | 9,956 | 17,545 |
Increase in amount due to ultimate holding company | 112 | 24 | 10 |
Cash generated from operations | 239,387 | 282,973 | 293,442 |
Tax paid | |||
Net cash generated from operating activities | 206,151 | 245,514 | 253,701 |
Investing activities | |||
Capital expenditure | (192,395) | (193,015) | (188,209) |
Land lease prepayments and others | (580) | (590) | (1,157) |
Acquisition of other intangible assets | (2,189) | (638) | (1,399) |
Proceeds from disposal of property, plant and equipment | 8 | 287 | 564 |
(Increase)/decrease in bank deposits | (11,578) | 53,889 | (11,967) |
(Increase)/decrease in restricted bank deposits (excluding deposited customer reserves) | (348) | 578 | (135) |
Interest received | 11,810 | 15,204 | 13,862 |
Payment for investments accounted for using the equity method | (375) | (168) | (2,451) |
Dividends received from investments accounted for using the equity method | 691 | 847 | 1,944 |
Purchase of available-for-sale financial assets | (106,296) | (77,320) | |
Maturity of available-for-sale financial assets | 75,550 | 65,881 | |
Purchase of financial assets at fair value through profit or loss | (116,810) | ||
Maturity of financial assets at fair value through profit or loss | 110,087 | ||
Purchase of financial assets at fair value through other comprehensive income | (711) | ||
Short-term loans granted by China Mobile Finance and payment for other investments | (16,210) | (14,417) | (1,650) |
Maturity of short-term loans granted by China Mobile Finance and other investments | 6,367 | 4,650 | 2,500 |
Receipt of consideration from China Tower | 57,585 | 5,000 | |
Others | 2 | 1 | 14 |
Net cash used in investing activities | (212,231) | (106,533) | (194,523) |
Financing activities | |||
Interest paid | (142) | (247) | (232) |
Dividends paid to the Company's equity shareholders | (59,930) | (106,036) | (46,991) |
Dividends paid to non-controlling shareholders of subsidiaries | (10) | (7) | (13) |
Short-term deposits placed by ultimate holding company | 10,873 | 8,611 | 5,552 |
Repayment of short-term deposits placed by ultimate holding company | (8,611) | (5,552) | (7,274) |
Repayment of bonds | (5,000) | ||
Net cash used in financing activities | (57,820) | (108,231) | (48,958) |
Net (decrease)/increase in cash and cash equivalents | (63,900) | 30,750 | 10,220 |
Cash and cash equivalents at beginning of year | 120,636 | 90,413 | 79,842 |
Effect of changes in foreign exchange rate | 566 | (527) | 351 |
Cash and cash equivalents at end of year | 57,302 | 120,636 | 90,413 |
Hong Kong [member] | |||
Tax paid | |||
Tax paid | (233) | (135) | (236) |
PRC [member] | |||
Tax paid | |||
Tax paid | ¥ (33,003) | ¥ (37,324) | ¥ (39,505) |
General Information
General Information | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
General Information | 1 GENERAL INFORMATION China Mobile Limited (the “Company”) was incorporated in the Hong Kong Special Administrative Region (“Hong Kong”) of the People’s Republic of China (the “PRC”) on September 3, 1997. The principal activities of the Company and its subsidiaries (together referred to as the “Group”) are the provision of telecommunications and related services in Mainland China and in Hong Kong (for the purpose of preparing the consolidated financial statements, Mainland China refers to the PRC excluding Hong Kong, Macau Special Administrative Region of the PRC and Taiwan). The Company’s immediate holding company is China Mobile Hong Kong (BVI) Limited (incorporated in British Virgin Islands), and the Company’s ultimate holding company is China Mobile Communications Group Co., Ltd. (“CMCC”, incorporated in Mainland China). The address of the Company’s registered office is 60 th Floor, The Center, 99 Queen’s Road Central, Hong Kong. The shares of the Company have been listed on The Stock Exchange of Hong Kong Limited (the “HKEX”) since October 23, 1997 and the American Depositary Shares of the Company have been listed on the New York Stock Exchange since October 22, 1997. |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Significant Accounting Policies | 2 SIGNIFICANT ACCOUNTING POLICIES (a) Statement of compliance These financial statements have been prepared in accordance with all applicable International Financial Reporting Standards (“IFRSs”) issued by the International Accounting Standards Board (“IASB”), which collective term includes all applicable individual International Financial Reporting Standards, International Accounting Standards (“IASs”) and Interpretations issued by the IASB. A summary of the significant accounting policies adopted by the Group is set out below. (b) Basis of preparation The consolidated financial statements for the year ended December 31, 2018 comprise the Group and the Group’s interest in associates and joint ventures. The measurement basis used in the preparation of the financial statements is the historical cost basis, as modified by the revaluation of financial assets at fair value through other comprehensive income (“FVOCI”) and fair value through profit or loss (“FVPL”) which are carried at fair value. All of the new or amended standards or interpretations that effective for the year beginning on January 1, 2018 have been applied for the first time by the Group. The impact of adopting these new or amended standards or interpretations is disclosed in note 3. The preparation of financial statements in conformity with IFRSs requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Judgements made by management in the application of IFRSs that have significant effect on the financial statements and major sources of estimation uncertainty are discussed in note 37. (c) Subsidiaries and non-controlling (i) Subsidiaries Subsidiaries are all entities (including structured entities) over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. An investment in a subsidiary is consolidated into the consolidated financial statements from the date that control commences until the date that control ceases. Intra-group balances and transactions and any unrealized gains arising from intra-group transactions are eliminated in full in preparing the consolidated financial statements. Unrealized losses resulting from intra-group transactions are eliminated in the same way as unrealized gains but only to the extent that there is no evidence of impairment. Accounting policies of subsidiaries would be changed where necessary in the consolidated financial statements to ensure consistency with the policies adopted by the Group. Non-controlling non-controlling Non-controlling Non-controlling non-controlling Changes in the Group’s interests in a subsidiary that do not result in a loss of control are accounted for as equity transactions, whereby adjustments are made to the amounts of controlling and non-controlling When the Group loses control of a subsidiary, it is accounted for as a disposal of the entire interest in that subsidiary, with a resulting gain or loss being recognized in profit or loss. Any interest retained in that former subsidiary at the date when control is lost is recognized at fair value and this amount is regarded as the fair value on initial recognition of a financial asset or, when appropriate, the cost on initial recognition of an investment in an associate or a joint venture. (ii) Business combination other than under common control The Group applies the acquisition method to account for business combination of entities and businesses which are not under common control. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity interests issued by the Group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Acquisition-related costs are expensed as incurred. (iii) Business combination under common control Under IFRSs, the Group use merger accounting to account for the business combination of entities and businesses under common control in accordance with the Accounting Guideline 5 “Merger Accounting for Common Control Combinations” issued by the Hong Kong Institute of Certified Public Accountants. The consolidated financial statements incorporate the financial statements of the combining entities or businesses in which the common control combination occurs as if they had been combined from the date when the combining entities or businesses first came under the control of the controlling party. The assets and liabilities of the combining entities or businesses are combined using the carrying book values from the controlling parties’ perspective. No amount is recognized in consideration for goodwill or excess of acquirers’ interest in the net fair value of acquiree’s identifiable assets, liabilities and contingent liabilities over the consideration at the time of common control combination, to the extent of the continuation of the controlling party’s interest. The consolidated statements of comprehensive income includes the results of each of the combining entities or businesses from the earliest date presented or since the date when the combining entities or businesses first came under the common control, where there is a shorter period, regardless of the date of the common control combination. Transaction costs, including professional fees, registration fees, costs of furnishing information to shareholders, costs or losses incurred in combining operations of the previously separate businesses, etc., incurred in relation to the common control combination that is to be accounted for by using merger accounting is recognized as an expense in the period in which they were incurred. (d) Investments accounted for using the equity method An associate is an entity in which the Group has significant influence, but not control or joint control, over its management, including participation in the financial and operating policy decisions. The Group has applied IFRS 11 to all joint arrangements. Under IFRS 11, investments in joint arrangements are classified as either joint operations or joint ventures depending on the contractual rights and obligations of each investor. The Group has assessed the nature of its joint arrangements and determined them to be joint ventures. The Group accounted for its investment in associates and joint ventures using the equity method. Under the equity method, the investment is initially recorded at cost. Thereafter, the investment is adjusted for the post-acquisition change in the Group’s share of the investee’s net assets and any impairment loss relating to the investment (see note 2(j)). The Group’s share of the post-acquisition post-tax When the Group’s share of losses exceeds its interest in the associate or joint ventures, the Group’s interest is reduced to nil and recognition of further losses is discontinued except to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the investee. For this purpose, the Group’s interest in the investee is the carrying amount of the investment under the equity method together with the Group’s long-term interests that in substance form part of the Group’s net investment in the associates or joint ventures. Unrealized profits and losses resulting from transactions between the Group and its associates or joint ventures are eliminated to the extent of the Group’s interest in the investee, except where unrealized losses provide evidence of an impairment of the asset transferred, in which case they are recognized immediately in profit or loss. Accounting policies of associates or joint ventures would be changed where necessary in the consolidated financial statements to ensure consistency with the policies adopted by the Group. Gain or loss on dilution of equity interest in associates and joint ventures are recognized in profit or loss. (e) Goodwill Goodwill represents the excess of: (i) the aggregate of the fair value of the consideration transferred, the amount of any non-controlling (ii) the net fair value of the acquiree’s identifiable assets and liabilities measured as of the acquisition date. When (ii) is greater than (i), then this excess is recognized immediately in profit or loss as a gain on a bargain purchase. Goodwill is stated at cost less accumulated impairment losses. Goodwill arising on a business combination is allocated to each cash-generating unit, or groups of cash-generating units, that is expected to benefit from the synergies of the combination and is tested annually for impairment (see note 2(j)). Each unit or groups of units to which the goodwill is allocated represents the lowest level within the Group at which the goodwill is monitored for internal management purpose. Goodwill is monitored at the operating segment level. On disposal of a cash-generating unit during the year, any attributable amount of purchased goodwill is included in the calculation of the gain or loss on disposal. (f) Other intangible assets Other intangible assets such as operating license and copyrights that are acquired by the Group are stated in the balance sheets at cost less accumulated amortization (where the estimated useful life is finite) and impairment losses (see note 2(j)). Amortization of intangible assets with finite useful lives is recorded in other operating expenses on a straight-line basis over the assets’ estimated useful lives, from the date they are available for use. Both the period and method of amortization are reviewed annually. Intangible assets are not amortized where their useful lives are assessed to be indefinite. The useful life of an intangible asset that is not being amortized is reviewed annually to determine whether events and circumstances continue to support the indefinite useful life assessment for that asset. Otherwise, the change in useful life assessment from indefinite to finite is accounted for prospectively from the date of change and in accordance with the policy for amortization of intangible assets with finite lives as set out above. (g) Property, plant and equipment Property, plant and equipment are stated in the balance sheets at cost less accumulated depreciation and impairment losses (see note 2(j)). The cost of property, plant and equipment comprises the purchase price and any directly attributable costs of bringing the asset to its working location and condition for its intended use. Subsequent expenditure relating to an item of property, plant and equipment that has already been recognized is added to the carrying amount of the asset when it is probable that future economic benefits, in excess of the originally assessed standard of performance of the existing asset, will flow to the entity. All other subsequent expenditure is recognized as an expense in the period in which it is incurred. Gains or losses arising from the retirement or disposal of an item of property, plant and equipment are determined as the difference between the net disposal proceeds and the carrying amount of the item and are recognized in profit or loss on the date of retirement or disposal. Depreciation is calculated to write off the cost of items of property, plant and equipment, less their estimated residual value, if any, using the straight-line method over their estimated useful lives as follows: Buildings 8 - 30 years Telecommunications transceivers, switching centers, transmission and other network equipment 5 - 10 years Office equipment, furniture, fixtures and others 3 - 10 years Both the assets’ useful lives and residual values, if any, are reviewed annually. (h) Construction in progress Construction in progress is stated at cost less impairment losses (see note 2(j)). Cost comprises direct costs of construction as well as interest expense and exchange differences capitalized during the periods of construction and installation. Capitalization of these costs ceases and the construction in progress is transferred to property, plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided for in respect of construction in progress until it is completed and ready for its intended use. (i) Leased assets An arrangement, comprising a transaction or a series of transactions, is or contains a lease if the Group determines that the arrangement conveys a right to use a specific asset or assets for an agreed period of time in return for a payment or a series of payments. Such a determination is made based on an evaluation of the substance of the arrangement and is regardless of whether the arrangement takes the legal form of a lease. (i) Classification of assets leased to the Group Assets that are held by the Group under leases which transfer to the Group substantially all the risks and rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially all the risks and rewards of ownership to the Group are classified as operating leases. (ii) Assets acquired under finance leases Where the Group acquires the use of assets under finance leases, the amounts representing the fair value of the leased asset, or, if lower, the present value of the minimum lease payments of such assets is included in property, plant and equipment and the corresponding liabilities, net of finance charges, are recorded as obligations under finance leases. Depreciation is provided for at rates, which write off the cost of the assets over the term of the relevant lease or, where it is likely the Group will obtain ownership of the asset, the useful life of the asset as set out in note 2(g). Impairment losses are accounted for in accordance with the accounting policy as set out in note 2(j). Finance charges implicit in the lease payments are charged to profit or loss over the period of the leases so as to produce an approximately constant periodic rate of charge on the remaining balance of the obligations for each accounting period. Contingent rentals are charged to profit or loss in the accounting period in which they are incurred. (iii) Leased lines and network assets and operating lease charges Where the Group has the use of assets held under operating leases, payments made under the leases are charged to profit or loss in equal instalments over the accounting periods covered by the lease term, except where an alternative basis is more representative of the time pattern of benefits to be derived from the leased asset. Lease incentives received are recognized in profit or loss as an integral part of the aggregate net lease payments made. Contingent rentals are charged to profit or loss in the accounting period in which they are incurred. The cost of acquiring land held under an operating lease is amortized on a straight-line basis over the period of the lease term. (j) Impairment of non-financial (i) Impairment of investments accounted for using the equity method Investments accounted for using the equity method are reviewed at the end of each reporting period to determine whether there is objective evidence of impairment. Objective evidence of impairment includes observable data that comes to the attention of the Group about one or more of the following loss events: – significant financial difficulty of the entity; – a breach of contract, such as a default or delinquency in interest or principal payments; – it becoming probable that the entity will enter bankruptcy or other financial reorganization; – significant changes in the technological, market, economic or legal environment that have an adverse effect on the entity; and – decline in the fair value of an investment in an equity instrument below its cost. If any such evidence exists, the impairment loss is measured by comparing the recoverable amount of the investment with its carrying amount in accordance with note 2(j)(ii). The impairment loss is reversed if there has been a favorable change in the estimates used to determine the recoverable amount in accordance with note 2(j)(ii). (ii) Impairment of other assets Internal and external sources of information are reviewed at the end of each reporting period to identify indications that the following assets may be impaired or, except in the case of goodwill and other intangible assets with indefinite useful lives, an impairment loss previously recognized no longer exists or may have decreased: – property, plant and equipment; – construction in progress; – prepaid interests in leasehold land classified as being held under an operating lease; – investments in subsidiaries; – goodwill; and – other intangible assets. If any such indication exists, the asset’s recoverable amount is estimated. For goodwill and other intangible assets that have indefinite useful lives, the recoverable amount is estimated annually whether or not there is any indication of impairment. – Calculation of recoverable amount The recoverable amount of an asset is the higher of its fair value less costs of disposal and value in use (“VIU”). In assessing VIU, the estimated future cash flows are discounted to their present value using a pre-tax – Recognition of impairment losses An impairment loss is recognized in profit or loss if the carrying amount of an asset, or the cash-generating unit to which it belongs, exceeds its recoverable amount. Impairment losses recognized in respect of cash-generating units are allocated first to reduce the carrying amount of any goodwill allocated to the cash-generating unit (or group of units) and then, to reduce the carrying amount of the other assets in the unit (or group of units) on a pro rata basis, except that the carrying value of an asset will not be reduced below its individual fair value less costs of disposal, or VIU, if determinable. – Reversals of impairment losses In respect of assets other than goodwill, an impairment loss is reversed if there has been a favorable change in the estimates used to determine the recoverable amount. An impairment loss in respect of goodwill is not reversed. A reversal of an impairment loss is limited to the asset’s carrying amount that would have been determined had no impairment loss been recognized in prior years. Reversals of impairment losses are credited to profit or loss in the year in which the reversals are recognized. (k) Inventories Inventories are carried at the lower of cost and net realizable value. Cost represents purchase cost of goods calculated using the weighted average cost method. Net realizable value is determined by reference to the sales proceeds of items sold in the ordinary course of business or to management’s estimates based on prevailing market conditions. When inventories are sold, the carrying amount of those inventories is recognized as cost of products sold. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories, arising from an increase in net realizable value, is recognized as a reduction in the amount of inventories recognized as an expense in the period in which the reversal occurs. No reversal of any write-down of inventories occurred during the years presented. (l) Investments and other financial assets Recognition and derecognition Regular way purchases and sales of financial assets are recognized on trade-date, the date on which the Group commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership. Classification From January 1, 2018 onwards, the Group classifies its financial assets, depending on the Group’s business model for managing the financial assets and the contractual terms of the related cash flows, under the following measurement categories: • those to be measured at amortized cost, and • those to be measured at fair value (either through other comprehensive income, or through profit or loss). Measurement At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at FVPL, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. (i) The Group’s financial assets measured at amortized cost represent those financial assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest. Interest from these financial assets is included in interest income using the effective interest rate method. Any gain or loss arising on derecognition is recognized directly in profit or loss and presented in other gains together with foreign exchange gains and losses. Impairment losses are presented in other operating expenses. (ii) For equity instruments that are not held for trading, the Group has made an irrevocable election at the time of initial recognition to account for these equity investments at FVOCI. There is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investments. Dividends from such investments continue to be recognized in profit or loss when the Group’s right to receive payments is established. (iii) Assets that do not meet the criteria for amortized cost or are not elected/classified as FVOCI are classified as FVPL. A gain or loss on a financial instrument that is subsequently measured at FVPL is recognized in profit or loss and presented net within interest and other income in the period in which it arises. Impairment From January 1, 2018, the Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortized cost. The Group has adopted the simplified expected credit loss model for its accounts receivable and contract assets, which requires expected lifetime losses to be recognized from their initial recognition. For other debt instruments carried at amortized cost, which have low credit risk at both the beginning and end of the reporting period, the Group adopted the expected credit loss model. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Financial assets are written off when the Group is satisfied that recovery is remote. When loans or receivables have been written off, the Group continues to attempt to recover the receivable due. When recoveries are made, the recovered amount is recognized in profit or loss. Accounting policies applied until December 31, 2017 The Group has retrospectively applied IFRS 9, but has elected not to restate comparative information. As a result, the comparative information provided continues to be accounted for in accordance with the Group’s previous accounting policy. Until December 31, 2017, the Group classifies its financial assets in the following categories: • Financial assets at fair value through profit or loss; • Held-to-maturity • Loans and receivables; and • Available-for-sale The classification determined on the purpose for which the investments were acquired. Management determined the classification of its investments at initial recognition. The Group assessed at the end of each reporting period whether there was objective evidence that a financial asset or group of financial assets was impaired. A financial asset or a group of financial assets was impaired and impairment losses were incurred only if there was objective evidence of impairment as a result of one or more loss events and that loss event (or events) had an impact on the estimated future cash flows of the financial asset or group of financial assets that could be reliably estimated. If any such evidence exists, any impairment loss is determined and recognized as follows: – For unquoted equity securities carried at cost, the impairment loss is measured as the difference between the carrying amount of the financial asset and the estimated future cash flows, discounted at the current market rate of return for a similar financial asset where the effect of discounting is material. Impairment losses for such equity securities are not reversed. – For debt instruments classified as available-for-sale available-for-sale available-for-sale – For trade and other current receivables carried at amortized cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate (i.e. the effective interest rate computed at initial recognition of these assets), where the effect of discounting is material. This assessment is made collectively where these financial assets share similar risk characteristics, such as similar past due status, and have not been individually assessed as impaired. Future cash flows for financial assets which are assessed for impairment collectively are based on historical loss experience for assets with credit risk characteristics similar to the collective group. If in a subsequent period the amount of an impairment loss decreases and the decrease can be linked objectively to an event occurring after the impairment loss was recognized, the impairment loss is reversed through profit or loss. A reversal of an impairment loss shall not result in the asset’s carrying amount exceeding that which would have been determined had no impairment loss been recognized in prior years. Impairment losses are written off against the corresponding assets directly, except for impairment losses recognized in respect of debtors included within trade and other receivables, whose recovery is considered doubtful but not remote. In this case, the impairment losses for doubtful debts are recorded using an allowance account. When the Group is satisfied that recovery is remote, the amount considered irrecoverable is written off against trade debtors directly and any amounts held in the allowance account relating to that debt are reversed. Subsequent recoveries of amounts previously charged to the allowance account are reversed against the allowance account. Other changes in the allowance account and subsequent recoveries of amounts previously written off directly are recognized in profit or loss. (m) Accounts receivable and other receivables Accounts receivable and other receivables are initially recognized at fair value and thereafter stated at amortized cost using the effective interest method less loss allowance for impairment loss of accounts receivable and other receivables (see note 2(l)), except where the effect of discounting would be immaterial. (n) Cash and cash equivalents Cash and cash equivalents comprise bank deposits with original maturity within three months, cash at banks and in hand, demand deposits with banks, and short-term, highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value, having been within three months of maturity at acquisition. (o) Accounts payable and other payables Accounts payable and other payables are initially recognized at fair value and subsequently stated at amortized cost unless the effect of discounting would be immaterial. (p) Deferred revenue Deferred revenue consists primarily of contract liability which is from the excess of the cumulative consideration received or receivables from the contracted customer over the cumulative revenue, mainly including prepaid service fees received from customers which are generally not refundable and revenue deferred for unredeemed point rewards under customer point reward program (“Reward Program”). (q) Interest-bearing borrowings Interest-bearing borrowings are recognized initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest-bearing borrowings are stated at amortized cost with any difference between the amount initially recognized and redemption value being recognized in profit or loss over the period of the borrowings, together with any interest and fees payable, using the effective interest method. (r) Revenue recognition from contracts with customers The Group mainly provides voice, data and other telecommunications services and sells telecommunication related products to its customers through entering into contracts that are either cancellable on monthly basis or for a fixed contract period generally with prepayment term and/or penalty for early termination. For the telecommunications services (such as voice and data services), telecommunication related products (such as handsets), customer point rewards and/or other promotional goods/services provided by the Group, if the customer can benefit from the goods or services and the Group’s promise to transfer the services or products is separately identifiable, the Group identifies them as separate performance obligations. Revenue is measured at the transaction price which is the amount of consideration to which the Group is entitled in exchange for transferring promised performance obligations to the customer excluding amounts collected on behalf of third parties. The amount of consideration is generally explicitly stated in the contract and does not include significant financing component. The Group may provide cash subsidies to third party agents in respect of specific telecommunications service contracts obtained via the agents. As the cash subsidies are ultimately enjoyed by end customers via the indirect sales channel, they represent consideration payable to customers and accounted for as a reduction of the transaction price. When control of a service or product is transferred to a customer, revenue is generally recognized using an output method in profit or loss as follows: (i) Revenue for each performance obligation is recognized when the Group satisfies the performance obligation by transferring the promised goods or services to a customer. Generally, revenue is recognized when the customer obtains the control of the telecommunications services over the time of provision of the services. Revenue is recognized when a customer obtains the control of the product at a point of time. (ii) For contracts which include the provision of multiple performance obligations including services, products and/or customer point rewards, the Group allocates the transaction price to each performance obligation based on the relative stand-alone selling price. The stand-alone selling price of products and services are mainly based on its observable selling price. The standalone selling price of each point in the customer point rewards is based on its fair value. Revenue for each performance obligation is then recognized when the control of the promised goods or services transfers to the customer. (iii) The Group usually controls the services and the products it provided before they are transferred to the customer. In certain situations, the Group would consider the primary responsibilities in the arrangement, the establishment of selling price, and the inventory risks to determine if the Group is acting as a principal or agent. If the Group has assessed and concluded that it does not obtain the control of a specified good before transferring to the customer, the Group is acting as |
Changes in Accounting Policies
Changes in Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
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Changes in Accounting Policies | 3 CHANGES IN ACCOUNTING POLICIES The following new standards, annual improvements and interpretations are mandatory for the first time for the Group’s financial year beginning on January 1, 2018 and are applicable for the Group: IFRS 9 “Financial Instruments” IFRS 15 “Revenue from Contracts with Customers” Annual Improvement to IFRSs 2014-2016 cycle* IFRIC– Int 22, “Foreign Currency Transactions and Advance Consideration” * It includes amendment to IFRS 12 “Disclosure of interests in other entities” which was effective on January 1, 2017 and does not have a material impact on the Group. New standards, annual improvement or interpretation to IFRS and IAS effective for the financial year beginning on January 1, 2018 do not have a material impact on the Group other than IFRS 9 and IFRS 15, details of which are set out in note 3(b) and 3(c), respectively. In addition, the IASB also published a number of new standards, amendments to standards and interpretations which are effective for the financial year beginning on or after January 1, 2019 and have not been early adopted by the Group (see note 38). Management is assessing the impact of such new standards and amendments to standards and will adopt the relevant standards and amendments to standards in the subsequent periods as required. (a) Impact on the financial statements This note explains the impact of the adoption of IFRS 9 and IFRS 15 on the Group’s financial statements. As explained in note 3(b), in accordance with the transitional provisions, IFRS 9 was adopted without restating the comparative figures. And as explained in note 3(c), IFRS15 was generally adopted using the modified retrospective approach without restating comparative figures. The reclassifications and the adjustments are therefore recognized in the balance sheets on January 1, 2018. The following tables show the adjustments recognized for each individual line item. Line items that were not affected by the changes have not been included. The adjustments are explained in more detail in note 3(b) and note 3(c). Consolidated Balance Sheets (Extract) December 31, Changes in Changes in January 1, Million Million Million Million Assets Non-current Investments accounted for using the equity method 132,499 (2,194 ) — 130,305 Deferred tax assets 33,343 24 (2,879 ) 30,488 Financial assets at fair value through other comprehensive income — 44 — 44 Available-for-sale 44 (44 ) — — Other non-current — — 6,469 6,469 963,917 (2,170 ) 3,590 965,337 Current assets Contract assets — — 4,139 4,139 Accounts receivable 24,153 (195 ) — 23,958 Financial assets at fair value through profit or loss — 65,630 — 65,630 Available-for-sale 65,630 (65,630 ) — — 558,196 (195 ) 4,139 562,140 Total assets 1,522,113 (2,365 ) 7,729 1,527,477 December 31, Changes in Changes in January 1, Equity and liabilities Liabilities Current liabilities Accrued expenses and other payables 190,866 — (782 ) 190,084 Deferred revenue 85,282 — (385 ) 84,897 529,982 — (1,167 ) 528,815 Total liabilities 533,232 — (1,167 ) 532,065 Equity Reserves 583,506 (2,365 ) 8,896 590,037 Total equity 988,881 (2,365 ) 8,896 995,412 Total equity and liabilities 1,522,113 (2,365 ) 7,729 1,527,477 (b) IFRS 9 “Financial Instruments IFRS 9 replaces the provisions of IAS 39 “Financial Instruments: Recognition and Measurement” that mainly affect the recognition, classification and measurement of financial assets and financial liabilities and impairment of financial assets of the Group. The adoption of IFRS 9 from January 1, 2018 resulted in changes in accounting policies and adjustments to the amounts recognized in the financial statements. The new accounting policies are set out in note 2(l) above. In accordance with the transitional provisions, comparative figures have not been restated. Classification and measurement On January 1, 2018 (the date of initial application of IFRS 9), the Group’s management assessed the classification of the financial assets according to their business models and classified its financial instruments into the appropriate IFRS 9 categories. (i) Reclassification of debt investment from available-for-sale In accordance with IFRS 9, the Group assessed and reclassified wealth management products issued by banks (“WMP”) from available-for-sale (ii) Equity investments previously classified as available-for-sale For long-term investments, which are not held for trading and not expected to be sold in the short term, the Group elected to present in other comprehensive income for the changes in their fair value. As a result, RMB44 million were reclassified from available-for-sale available-for-sale Impairment (i) Accounts receivable and contract assets Upon the adoption of the simplified expected credit loss model, the related retained profits were reduced by RMB165 million and the PRC statutory reserves were reduced by RMB6 million as of January 1, 2018. Please refer to note 4(a) for details of the loss allowances for contract assets on January 1, 2018. (ii) Other financial assets at amortized cost Other financial assets at amortized cost include cash and cash equivalents, bank deposits and other receivables, etc. They are considered to be of low credit risk and thus management considers that the expected credit loss is insignificant. Impact from the adoption of IFRS 9 by investments accounted for using the equity method Shanghai Pudong Development Bank Co., Ltd. (“SPD Bank”), a major associate of the Group has adopted IFRS 9 for the year beginning January 1, 2018 without restating the comparative figures in accordance with the transitional provisions stipulated in IFRS 9. Accordingly, the balance of investment accounted for using the equity method, the retained profits and PRC statutory reserves of the Group as of January 1, 2018 were reduced by RMB2,194 million, RMB2,194 million, and RMB548 million, respectively; while the other comprehensive income of the Group as of the same date was increased by RMB548 million. (c) IFRS 15 “Revenue from Contracts with Customers” The adoption of IFRS 15 from January 1, 2018 resulted in changes in accounting policies and adjustments to the amounts recognized in the financial statements. The new accounting policies are set out in note 2(r) above. (i) The impact on the Group’s equity Accounting for multiple performance obligations Prior to the adoption of IFRS 15, the consideration received from offerings which include the provision of services and sale of mobile handset, was allocated to each element using the residual method. Upon the adoption of IFRS 15, the total consideration from arrangement with multiple performance obligations, such as mobile services, telecommunication related products (such as handsets), customer point rewards and/or other promotional goods/services, is allocated to each performance obligation based on their relative stand-alone selling prices. In addition, prior to the adoption of IFRS 15, certain subsidies, payable to third party agents in respect of customer contracts obtained and ultimately enjoyed by end customers, were expensed as incurred. Upon the adoption of IFRS 15, such payments via the third party agents are qualified as consideration payable to a customer and accounted for as a reduction of the transaction price. To reflect these changes in policy, as of January 1, 2018, the Group recognized contract assets of RMB5,654 million, net of a related impairment provision amounting to RMB303 million, reduced its contract liabilities and receipts-in-advance Accounting for costs incurred to obtain a contract and to fulfil a contract Upon the adoption of IFRS 15, the Group recognizes contract costs for incremental commission expenses paid to the agents in conjunction with obtaining customer contracts, which were previously expensed as incurred. And such cost is amortized using the straight-line method over the expected life of the customer contract. When the expected amortization period is one year or less, the Group utilizes the practical expedient and expenses the costs as incurred. Upon the adoption of IFRS 15, the Group recognized contract costs incurred to fulfil a contract for the costs directly related to the Group’s telecommunications service contracts and are not within the scope of another accounting standard, which were previously expensed as incurred. Such cost is amortized using the straight-line method over the expected life of the customer contract. To reflect the above changes in policy, as of January 1, 2018, the Group recognized contract costs of RMB4,954 million. Accordingly, the impact on the Group’s equity as of the same date were an increase of RMB2,973 million of retained profits, and an increase of RMB710 million of the PRC statutory reserves, respectively. (ii) Summary of effects arising from initial application of IFRS 15 The following table shows the impact from the adoption of IFRS 15 relative to IAS 18 “Revenue” on certain impacted financial statement line items in the Group’s consolidated statements of comprehensive income for the year ended December 31, 2018 and consolidated balance sheets as of December 31, 2018. Line items that were not affected by the initial application have not been included. The impacted areas are consistent with those disclosed in note 3(c)(i). Consolidated Statements of Comprehensive Income (Extract) 2018 As reported Adjustments Amounts without Million Operating revenue Revenue from telecommunications services 670,907 10,833 681,740 Revenue from sales of products and others 65,912 (5,821 ) 60,091 Operating expenses Selling expenses 60,326 6,048 66,374 Cost of products sold 66,231 847 67,078 Other operating expenses 174,229 54 174,283 Consolidated Balance Sheets (Extract) As of December 31, 2018 As reported Adjustments Balances without Assets Non-current Deferred tax assets 29,654 3,301 32,955 Other non-current 8,442 (8,442 ) — Current assets Contract assets 5,022 (5,022 ) — Equity and liabilities Liabilities Current liabilities Accrued expenses and other payables 195,572 68 195,640 Deferred revenue 63,185 177 63,362 Equity Reserves 650,275 (10,408 ) 639,867 |
Operating Revenue
Operating Revenue | 12 Months Ended |
Dec. 31, 2018 | |
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Operating Revenue | 4 OPERATING REVENUE 2018 2017 2016 Million Million Million Revenue from telecommunications services Voice services 108,083 156,918 209,949 Data services 542,083 493,350 394,937 Others 20,741 18,083 18,536 670,907 668,351 623,422 Revenue from sales of products and others 65,912 72,163 84,999 736,819 740,514 708,421 The majority of the Group’s operating revenue is from contracts with customers, the remaining is not material. (a) Assets related to contracts with customers The Group has recognized the following assets related to contract with customers: As of As of Note December 31, 2018 January 1, 2018 Million Million Contract assets (i) 6,489 5,654 Less: current portion (5,022 ) (4,139 ) Non-current non-current 1,467 1,515 Contract costs incurred to obtain a contract recorded in other non-current (ii) 6,880 4,924 Contract costs incurred to fulfil a contract recorded in other non-current 95 30 Other non-current 8,442 6,469 Note: (i) Significant changes in contract assets: Contract assets Gross Loss Million Million As of January 1, 2018 5,957 (303 ) Increase resulting from satisfaction of performance obligation 7,325 — Reclassified to accounts receivable (6,451 ) — Net impairment loss of contract assets — (39 ) As of December 31, 2018 6,831 (342 ) (ii) The capitalized amount of contract costs incurred to obtain contracts was RMB9,620 million for the year ended December 31, 2018. The amount of amortization was RMB7,664 million for contract costs incurred to obtain contracts. As of December 31, 2018, the management performed impairment test for the contract costs incurred to obtain contracts and determined such impairment was not significant. (b) Details of contract liabilities Contract liabilities are presented in deferred revenue in the consolidated balance sheets. As of December 31, 2018, total contract liabilities amounted to RMB62,812 million (as of January 1, 2018: RMB81,147 million). For the year ended December 31, 2018, revenue recognized related to contract liabilities existing at January 1, 2018 amounted to RMB66,370 million. The decrease of contract liabilities is mainly due to the Group’s adjustment in marketing strategy in reaction to the market environment. (c) Unsatisfied long-term contracts The unsatisfied performance obligation of the Group is mainly relating to telecommunications services. The Group generally enters into service contracts with customers monthly or for a fixed term, and bills the customers on monthly basis based on the contract terms for the Group’s unconditional right to consideration. For the contracts that have an original expected duration of one year or less and the performance obligations which are regarded as satisfied as billed, the Group has applied the practical expedient permitted under IFRS 15, therefore, the information about the remaining performance obligations were not disclosed. |
Employee Benefit and Related Ex
Employee Benefit and Related Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Employee Benefit and Related Expenses | 5 EMPLOYEE BENEFIT AND RELATED EXPENSES 2018 2017 2016 Million Million Million Salaries, wages, labor service expenses and other benefits 81,843 74,427 69,546 Retirement costs: contributions to defined contribution retirement plans 12,096 11,086 9,917 93,939 85,513 79,463 |
Other Operating Expenses
Other Operating Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Other Operating Expenses | 6 OTHER OPERATING EXPENSES 2018 2017 2016 Note Million Million Million Maintenance 54,569 55,737 53,852 Impairment loss of doubtful accounts 4,635 3,392 3,734 Write-down of inventories 155 297 282 Amortization of other intangible assets 1,609 515 499 Operating lease charges - land and buildings 11,439 11,453 11,628 - others (i) 4,663 3,698 4,248 Loss/(gain) on disposal of property, plant and equipment 8 8 (180 ) Write-off 1,250 12,593 7,216 Power and utilities expenses 32,032 30,518 29,461 Operation support and research and development expenses (ii) 44,001 38,016 32,296 Auditors’ remuneration - audit services (iii) 108 107 103 - tax services 3 3 1 - other services 6 12 9 Others (iv) 19,751 25,894 23,924 174,229 182,243 167,073 Note: (i) Other operating lease charges represent the operating lease charges for motor vehicles, computer and other office equipment. (ii) Operation support and research and development expenses mainly include support expenses for new business operation, research and development cost for new technology evolution, amortization of testing equipment, and other related costs. (iii) Audit services include reporting on the Group’s internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act of the United States of America with the service fee amount of RMB22 million (2017: RMB22 million; 2016: RMB22 million). (iv) Others consist of administrative expenses, property management expenses, taxes and surcharges, and other miscellaneous expenses. |
Other Gains
Other Gains | 12 Months Ended |
Dec. 31, 2018 | |
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Other Gains | 7 OTHER GAINS 2018 2017 2016 Million Million Million Compensation income 1,184 1,118 764 Others 1,722 1,271 1,204 2,906 2,389 1,968 |
Interest and Other Income
Interest and Other Income | 12 Months Ended |
Dec. 31, 2018 | |
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Interest and Other Income | 8 INTEREST AND OTHER INCOME 2018 2017 2016 Million Million Million Interest income from bank deposits 11,443 12,884 14,714 Fair value gains recognized 4,442 2,999 1,291 15,885 15,883 16,005 |
Finance Costs
Finance Costs | 12 Months Ended |
Dec. 31, 2018 | |
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Finance Costs | 9 FINANCE COSTS 2018 2017 2016 Million Million Million Interest on short-term deposits received (note 33(a)) 142 21 7 Interest on bonds — 187 228 Others 2 2 — 144 210 235 |
Directors' Remuneration
Directors' Remuneration | 12 Months Ended |
Dec. 31, 2018 | |
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Directors' Remuneration | 10 DIRECTORS’ REMUNERATION Directors’ remuneration during 2018 is as follows: Directors’ ’000 Salaries, Contributions ’000 2018 Executive directors (Expressed in RMB) YANG Jie 1 — — — — SHANG Bing 2 — 867 134 1,001 LI Yue (Chief Executive Officer) — 1,000 163 1,163 SHA Yuejia 3 — 745 104 849 DONG Xin 4 — 890 157 1,047 — 3,502 558 4,060 Independent non-executive WONG Kwong Shing, Frank * 177 — — 177 CHENG Mo Chi, Moses 460 — — 460 CHOW Man Yiu, Paul 455 — — 455 YIU Kin Wah, Stephen ** 417 — — 417 YANG Qiang *** — — — — 1,509 — — 1,509 Directors’ remuneration during 2017 is as follows: Directors’ ’000 Salaries, Contributions ’000 2017 Executive directors (Expressed in RMB) SHANG Bing 2 — 781 123 904 LI Yue (Chief Executive Officer) — 781 151 932 LIU Aili 5 — 592 110 702 SHA Yuejia 3 — 702 148 850 DONG Xin 4 — 695 145 840 — 3,551 677 4,228 Independent non-executive WONG Kwong Shing, Frank * 470 — — 470 CHENG Mo Chi, Moses 460 — — 460 CHOW Man Yiu, Paul 455 — — 455 YIU Kin Wah, Stephen ** 255 — — 255 1,640 — — 1,640 Directors’ remuneration during 2016 is as follows: Directors’ ’000 Salaries, Contributions ’000 2016 Executive directors (Expressed in RMB) SHANG Bing 2 — 498 122 620 LI Yue (Chief Executive Officer) — 717 147 864 LIU Aili 5 — 662 141 803 XUE Taohai 6 — 646 143 789 SHA Yuejia 3 — 662 141 803 — 3,185 694 3,879 Independent non-executive LO Ka Shui **** 130 — — 130 WONG Kwong Shing, Frank * 470 — — 470 CHENG Mo Chi, Moses 452 — — 452 CHOW Man Yiu, Paul 405 — — 405 1,457 — — 1,457 1 Mr. YANG Jie has been appointed as an executive director and the chairman of the Company with effect from March 21, 2019. 2 Mr. SHANG Bing has resigned from his positions as an executive director and the chairman of the Company with effect from March 4, 2019. 3 Mr. SHA Yuejia resigned from his position as executive director of the Company with effect from May 17, 2018. 4 Mr. DONG Xin was appointed as an executive director of the Company with effect from March 23, 2017. 5 Mr. LIU Aili resigned from his position as executive director of the Company with effect from September 29, 2017. 6 Mr. XUE Taohai resigned from the position as executive director of the Company with effect from March 23, 2017. * Mr. Frank WONG Kwong Shing resigned from the role of independent non-executive ** Mr. Stephen YIU Kin Wah was appointed as an independent non-executive director of the Company with effect from March 23, 2017. *** Dr. YANG Qiang has been appointed as an independent non-executive **** Mr. LO Ka Shui resigned from the position as independent non-executive In 2016, 2017 and 2018, executive directors of the Company voluntarily waived their directors’ fees. The unpaid portion of executive directors’ performance related bonuses for 2018 will be determined based on the evaluation conducted in 2019, and the additional bonuses related to their term of service will be determined based on the evaluation conducted upon the completion of three-year evaluation period. Directors’ remuneration paid during 2018 included directors’ performance related bonuses and additional bonuses related to their term of service for previous years. |
Individuals with Highest Emolum
Individuals with Highest Emoluments | 12 Months Ended |
Dec. 31, 2018 | |
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Individuals with Highest Emoluments | 11 INDIVIDUALS WITH HIGHEST EMOLUMENTS The emoluments payable to the five individuals with highest emoluments during 2016, 2017 and 2018 are as follows: 2018 2017 2016 ’000 ’000 ’000 Salaries, allowances and benefits in kind 6,579 5,259 5,602 Performance related bonuses 4,208 4,014 2,029 Retirement scheme contributions 156 158 157 10,943 9,431 7,788 The emoluments fell within the following bands: 2018 2017 2016 Number of Number of Number of Emolument bands 1,500,001 - 2,000,000 — 3 5 2,000,001 - 2,500,000 5 2 — |
Taxation
Taxation | 12 Months Ended |
Dec. 31, 2018 | |
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Taxation | 12 TAXATION (a) Taxation in the consolidated statements of comprehensive income represents: 2018 2017 2016 Note Million Million Million Current tax Provision for the PRC enterprise income tax on the estimated taxable profits for the year (i ) 34,395 36,945 39,709 Provision for Hong Kong profits tax on the estimated assessable profits for the year (ii ) 275 260 193 34,670 37,205 39,902 Deferred tax Origination and reversal of temporary differences, net (note 20) 1,274 (3,482 ) (4,279 ) 35,944 33,723 35,623 Note: (i) The provision for the PRC enterprise income tax is based on the statutory tax rate of 25% (2017: 25%; 2016: 25%) on the estimated taxable profits determined in accordance with the relevant income tax rules and regulations of the PRC for the year ended December 31, 2018. Certain subsidiaries of the Company enjoy the preferential tax rate of 15% (2017: 15%; 2016: 15%). (ii) The provision for Hong Kong profits tax is calculated at 16.5% (2017: 16.5%; 2016: 16.5%) of the estimated assessable profits for the year ended December 31, 2018. (iii) Pursuant to the “Notice regarding Matters on Determination of Tax Residence Status of Chinese-controlled Offshore Incorporated Enterprises under Rules of Effective Management” issued by SAT in 2009 (“2009 Notice”), the Company is qualified as a PRC offshore-registered resident enterprise. Accordingly, the dividend income of the Company from its subsidiaries in the PRC is exempted from PRC enterprise income tax. (b) Reconciliation between income tax expense and accounting profit at applicable tax rates: 2018 2017 2016 Million Million Million Profit before taxation 153,895 148,137 144,462 Notional tax on profit before tax, calculated at the PRC’s statutory tax rate of 25% (Note) 38,474 37,034 36,116 Tax effect of non-taxable - Income from investments accounted for using the equity method (3,465 ) (2,487 ) (2,159 ) - Interest and other income (131 ) (41 ) (22 ) Tax effect of non-deductible 604 772 798 Tax effect of non-deductible 85 70 76 Rate differential of certain PRC operations (note 12(a)(i)) (1,835 ) (2,317 ) (1,580 ) Rate differential on Hong Kong operations (note 12(a)(ii)) (189 ) (182 ) (133 ) Tax effect of deductible temporary difference for which no deferred tax asset was recognized 1,414 154 1,562 Tax effect of deductible tax loss for which no deferred tax asset was recognized 1,267 818 1,349 Others (280 ) (98 ) (384 ) Taxation 35,944 33,723 35,623 Note: The PRC’s statutory tax rate is adopted as the majority of the Group’s operations are subject to this rate. (c) The tax (charged)/credited relating to components of other comprehensive income is as follows: 2018 2017 2016 Before Tax After Before Tax After Before Tax After Million Million Million Million Million Million Million Million Million Change in value of available-for-sale — — — (7 ) 2 (5 ) 32 (8 ) 24 Change in value of financial assets at FVOCI (168 ) — (168 ) — — — — — — Currency translation differences 1,160 — 1,160 (735 ) — (735 ) 774 — 774 Share of other comprehensive income/(loss) of investments accounted for using the equity method 1,248 — 1,248 (1,038 ) — (1,038 ) (1,059 ) — (1,059 ) Other comprehensive income/(loss) 2,240 — 2,240 (1,780 ) 2 (1,778 ) (253 ) (8 ) (261 ) Current tax — — — Deferred tax — 2 (8 ) — 2 (8 ) |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2018 | |
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Earnings Per Share | 13 EARNINGS PER SHARE The calculation of basic earnings per share for the year is based on the profit attributable to equity shareholders of the Company of RMB117,781 million (2017: RMB114,279 million; 2016: RMB108,741 million) and the weighted average number of 20,475,482,897 shares (2017: 20,475,482,897 shares; 2016: 20,475,482,897 shares) in issue during the year. In 2016, 2017 and 2018 there was no dilutive potential ordinary shares of the Company outstanding. Therefore, there was no dilution impact on weighted average number of shares (diluted) of the Company. |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2018 | |
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Property, Plant and Equipment | 14 PROPERTY, PLANT AND EQUIPMENT Buildings Telecommunications Office Total Million Million Million Million Cost: As of January 1, 2017 136,923 1,286,267 22,991 1,446,181 Transferred from construction in progress 10,577 174,250 833 185,660 Other additions 820 962 1,193 2,975 Disposals (72 ) (181 ) (109 ) (362 ) Assets written-off (331 ) (38,971 ) (1,117 ) (40,419 ) Exchange differences (141 ) (359 ) (4 ) (504 ) As of December 31, 2017 147,776 1,421,968 23,787 1,593,531 As of January 1, 2018 147,776 1,421,968 23,787 1,593,531 Transferred from construction in progress 7,624 160,654 1,616 169,894 Other additions 257 465 1,504 2,226 Disposals (18 ) (1,304 ) (118 ) (1,440 ) Assets written-off (323 ) (33,168 ) (1,490 ) (34,981 ) Exchange differences 135 236 2 373 As of December 31, 2018 155,451 1,548,851 25,301 1,729,603 Accumulated depreciation and impairment: As of January 1, 2017 41,502 766,221 16,102 823,825 Charge for the year 5,695 143,026 1,227 149,948 Written back on disposals (58 ) (45 ) (105 ) (208 ) Assets written-off (299 ) (26,465 ) (1,068 ) (27,832 ) Exchange differences (20 ) (208 ) (3 ) (231 ) As of December 31, 2017 46,820 882,529 16,153 945,502 As of January 1, 2018 46,820 882,529 16,153 945,502 Charge for the year 5,625 145,504 1,480 152,609 Written back on disposals (15 ) (1,297 ) (116 ) (1,428 ) Assets written-off (290 ) (32,064 ) (1,372 ) (33,726 ) Exchange differences 18 131 1 150 As of December 31, 2018 52,158 994,803 16,146 1,063,107 Net book value: As of December 31, 2018 103,293 554,048 9,155 666,496 As of December 31, 2017 100,956 539,439 7,634 648,029 For the year ended December 31, 2017, as a result of the optimization of 4G network coverage, the continuing impact of the mobile Internet substitution effect, and particularly, the significant progress of Voice over LTE business services, the usage and utilization of the Group’s 2G network has been decreasing rapidly. Meanwhile, due to the further decline of voice tariff, the revenue from voice services dropped even faster and the management anticipates more pressure on the profitability of 2G wireless and related assets (“2G Network Assets”). Therefore, based on the impairment testing results, management recognized an impairment loss of RMB10,450 million on the 2G Network Assets. No additional impairment was provided in 2018. |
Construction in Progress
Construction in Progress | 12 Months Ended |
Dec. 31, 2018 | |
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Construction in Progress | 15 CONSTRUCTION IN PROGRESS 2018 2017 Million Million As of January 1 78,112 89,853 Additions 163,962 173,919 Transferred to property, plant and equipment (169,894 ) (185,660 ) As of December 31 72,180 78,112 As of December 31, 2018, construction in progress primarily comprises expenditure incurred on the network expansion projects but not yet completed. |
Land Lease Prepayments and Othe
Land Lease Prepayments and Others | 12 Months Ended |
Dec. 31, 2018 | |
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Land Lease Prepayments and Others | 16 LAND LEASE PREPAYMENTS AND OTHERS For the year ended December 31, 2018, the amortization of land lease prepayments expensed in the profit or loss amounted to approximately RMB467 million (2017: approximately RMB446 million; 2016: approximately RMB443 million). |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2018 | |
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Goodwill | 17 GOODWILL 2018 2017 Million Million Cost and carrying amount: As of January 1 and December 31 35,343 35,343 Impairment tests for goodwill As of December 31, 2018, the goodwill of RMB35,300 million is attributable to the cash-generating units in relation to the operation in Mainland China which management currently monitors. The recoverable amount of the cash-generating unit is determined based on the VIU calculations by using the discounted cash flow method. This method considers the pre-tax pre-tax |
Subsidiaries
Subsidiaries | 12 Months Ended |
Dec. 31, 2018 | |
Investments accounted for using equity method [abstract] | |
Subsidiaries | 18 SUBSIDIARIES The following list contains only the particulars of subsidiaries as of December 31, 2018, which principally affected the results, assets or liabilities of the Group. The class of shares held is ordinary unless otherwise stated. Place of Proportion of incorporation/ Particulars ownership interest establishment of issued and Held by the Held by a Name of company* and operation paid up capital Company subsidiary Principal activity China Mobile Communication (BVI) Limited British Virgin Islands (“BVI”) HK$1 100% — Investment holding company China Mobile Communication Co., Ltd. (“CMC”)** Mainland China RMB1,641,848,326 — 100% Network and business coordination center China Mobile Group Guangdong Co., Ltd. Mainland China RMB5,594,840,700 — 100% Telecommunications operator China Mobile Group Zhejiang Co., Ltd. Mainland China RMB2,117,790,000 — 100% Telecommunications operator China Mobile Group Jiangsu Co., Ltd. Mainland China RMB2,800,000,000 — 100% Telecommunications operator China Mobile Group Fujian Co., Ltd. Mainland China RMB5,247,480,000 — 100% Telecommunications operator China Mobile Group Henan Co., Ltd. Mainland China RMB4,367,733,641 — 100% Telecommunications operator China Mobile Group Hainan Co., Ltd. Mainland China RMB643,000,000 — 100% Telecommunications operator China Mobile Group Beijing Co., Ltd. Mainland China RMB6,124,696,053 — 100% Telecommunications operator China Mobile Group Shanghai Co., Ltd. Mainland China RMB6,038,667,706 — 100% Telecommunications operator China Mobile Group Tianjin Co., Ltd. Mainland China RMB2,151,035,483 — 100% Telecommunications operator China Mobile Group Hebei Co., Ltd. Mainland China RMB4,314,668,600 — 100% Telecommunications operator China Mobile Group Liaoning Co., Ltd. Mainland China RMB5,140,126,680 — 100% Telecommunications operator China Mobile Group Shandong Co., Ltd. Mainland China RMB6,341,851,146 — 100% Telecommunications operator China Mobile Group Guangxi Co., Ltd. Mainland China RMB2,340,750,100 — 100% Telecommunications operator China Mobile Group Anhui Co., Ltd. Mainland China RMB4,099,495,494 — 100% Telecommunications operator China Mobile Group Jiangxi Co., Ltd. Mainland China RMB2,932,824,234 — 100% Telecommunications operator China Mobile Group Chongqing Co., Ltd. Mainland China RMB3,029,645,401 — 100% Telecommunications operator Place of Proportion of incorporation/ Particulars ownership interest establishment of issued and Held by the Held by a Name of company* and operation paid up capital Company subsidiary Principal activity China Mobile Group Sichuan Co., Ltd. Mainland China RMB7,483,625,572 — 100% Telecommunications operator China Mobile Group Hubei Co., Ltd. Mainland China RMB3,961,279,556 — 100% Telecommunications operator China Mobile Group Hunan Co., Ltd. Mainland China RMB4,015,668,593 — 100% Telecommunications operator China Mobile Group Shaanxi Co., Ltd. Mainland China RMB3,171,267,431 — 100% Telecommunications operator China Mobile Group Shanxi Co., Ltd. Mainland China RMB2,773,448,313 — 100% Telecommunications operator China Mobile Group Neimenggu Co., Ltd. Mainland China RMB2,862,621,870 — 100% Telecommunications operator China Mobile Group Jilin Co., Ltd. Mainland China RMB3,277,579,314 — 100% Telecommunications operator China Mobile Group Heilongjiang Co., Ltd. Mainland China RMB4,500,508,035 — 100% Telecommunications operator China Mobile Group Guizhou Co., Ltd. Mainland China RMB2,541,981,749 — 100% Telecommunications operator China Mobile Group Yunnan Co., Ltd. Mainland China RMB4,137,130,733 — 100% Telecommunications operator China Mobile Group Xizang Co., Ltd. Mainland China RMB848,643,686 — 100% Telecommunications operator China Mobile Group Gansu Co., Ltd. Mainland China RMB1,702,599,589 — 100% Telecommunications operator China Mobile Group Qinghai Co., Ltd. Mainland China RMB902,564,911 — 100% Telecommunications operator China Mobile Group Ningxia Co., Ltd. Mainland China RMB740,447,232 — 100% Telecommunications operator China Mobile Group Xinjiang Co., Ltd. Mainland China RMB2,581,599,600 — 100% Telecommunications operator China Mobile Group Design Institute Co., Ltd. Mainland China RMB160,232,500 — 100% Provision of telecommunications network planning design and consulting services Place of Proportion of incorporation/ Particulars ownership interest establishment of issued and Held by the Held by a Name of company* and operation paid up capital Company subsidiary Principal activity China Mobile Holding Company Limited** Mainland China US$30,000,000 100% — Investment holding company China Mobile Information Technology Co., Ltd.** Mainland China US$7,633,000 — 100% Provision of roaming clearance, IT system operation, technology support services Aspire Holdings Limited Cayman Islands HK$93,964,583 66.41% — Investment holding company Aspire (BVI) Limited # BVI US$1,000 — 100% Investment holding company Aspire Technologies (Shenzhen) Limited** # Mainland China US$10,000,000 — 100% Technology platform development and maintenance Aspire Information Network (Shenzhen) Limited** # Mainland China US$5,000,000 — 100% Provision of mobile data solutions, system integration and development Aspire Information Technologies (Beijing) Limited** # Mainland China US$5,000,000 — 100% Technology platform development and maintenance Fujian FUNO Mobile Communication Technology Company Limited*** Mainland China US$3,800,000 — 51% Network construction and maintenance, network planning and optimizing, training and communication services Advanced Roaming & Clearing House Limited BVI US$2 100% — Provision of roaming clearance services Fit Best Limited BVI US$1 100% — Investment holding company China Mobile Hong Kong Company Limited Hong Kong HK$951,046,930 — 100% Provision of telecommunications and related services China Mobile International Holdings Limited Hong Kong HK$18,195,670,000 100% — Investment holding company China Mobile International Limited Hong Kong HK$6,400,000,000 — 100% Provision of voice and roaming clearance services, Internet services and value-added services China Mobile Group Device Co., Ltd. Mainland China RMB6,200,000,000 — 99.97% Provision of electronic communication products design and sale of related products Place of Proportion of incorporation/ Particulars ownership interest establishment of issued and Held by the Held by a Name of company* and operation paid up capital Company subsidiary Principal activity China Mobile Group Finance Co., Ltd. (“China Mobile Finance”) Mainland China RMB11,627,783,669 — 92% Provision of non-banking China Mobile IoT Company Limited Mainland China RMB2,500,000,000 — 100% Provision of network services China Mobile (Suzhou) Software Technology Co., Ltd. Mainland China RMB980,000,000 — 100% Provision of computer hardware and software research and development services China Mobile (Hangzhou) Information Technology Co., Ltd. Mainland China RMB1,250,000,000 — 100% Provision of computer hardware and software research and development services China Mobile Online Services Co., Ltd. Mainland China RMB50,000,000 — 100% Provision of call center services MIGU Company Limited Mainland China RMB7,000,000,000 — 100% Provision of Mobile Internet digital content services China Mobile TieTong Company Limited Mainland China RMB31,880,000,000 — 100% Provision of telecommunications services China Mobile Internet Company Limited Mainland China RMB2,700,000,000 — 100% Provision of value added telecommunications services China Mobile Investment Holdings Company Limited Mainland China RMB590,000,000 — 100% Investment holding company China Mobile Quantong System Integration Co., Ltd. Mainland China RMB550,000,000 — 100% Provision of computer system integration, construction, maintenance and related technology development services China Mobile (Chengdu) ICT Co., Ltd. Mainland China RMB200,000,000 — 100% Provision of Information technology products and technology research and development services China Mobile (Shanghai) ICT Co., Ltd. Mainland China RMB200,000,000 — 100% Provision of Information technology products and technology research and development services China Mobile Financial Technology Co., Ltd. Mainland China RMB500,000,000 — 100% Provision of e-payment, e-commerce * The nature of all the legal entities established in the Mainland China is limited liability company. ** Companies registered as wholly owned foreign enterprises in the Mainland China. *** Company registered as a sino-foreign equity joint venture in the Mainland China. # Effective interest held by the Group is 66.41%. |
Investments Accounted for Using
Investments Accounted for Using the Equity Method | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Investments Accounted for Using the Equity Method | 19 INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD The amounts recognized in the consolidated balance sheets are as follows: As of As of As of December 31, January 1, December 31, (As restated) (Note 3) (As previously Million Million Million Associates 144,059 129,442 131,636 Joint ventures 1,266 863 863 145,325 130,305 132,499 Details of principal associates are as follows: Name of associate Place of Proportion of interest held Principal activity Listed company SPD Bank PRC 18% Provision of China Tower Corporation Limited (“China Tower”) PRC 28% Construction, telecommunications IFLYTEK Co., Ltd. (“IFLYTEK”) PRC 13% Provision of Chinese speech and True Corporation Public Company Limited (“True Corporation”) Thailand 18% Provision of telecommunications (i) Summary financial information on principal associates: SPD Bank As of December 31 2018 2017 Million Million Total assets 6,289,606 6,137,240 Total liabilities 5,811,226 5,706,255 Total equity 478,380 430,985 Total equity attributable to ordinary equity shareholders 441,642 395,484 Percentage of ownership of the Group 18% 18% Total equity attributable to the Group 80,291 71,896 The impact of fair value adjustments at the time of acquisition, goodwill and others 6,660 6,663 Interest in associates 86,951 78,559 China Tower IFLYTEK True Corporation As of December 31 As of December 31 As of December 31 2018 2017 2018 2017 2018 2017 Million Million Million Million Million Million Total current assets 31,799 30,517 7,762 7,329 26,309 23,566 Total non-current 283,565 292,126 7,540 6,151 78,251 69,511 Total current liabilities 114,759 150,041 5,813 4,428 43,097 39,589 Total non-current 20,103 45,107 1,278 1,042 33,215 26,643 Total equity 180,502 127,495 8,211 8,010 28,248 26,845 Total equity attributable to equity shareholders 180,502 127,495 7,971 7,759 28,123 26,711 Percentage of ownership of the Group 28% 38% 13% 13% 18% 18% Total equity attributable to the Group 50,414 48,448 1,075 1,047 5,062 4,808 The impact of fair value adjustments at the time of acquisition, goodwill and others — — 812 805 2,851 2,664 Elimination of unrealized profits resulting from the transfer of Tower Assets and its realization (3,115 ) (4,856 ) — — — — Interest in associates 47,299 43,592 1,887 1,852 7,913 7,472 Note: The Group has recognized its share of SPD Bank’s and IFLYTEK’s comprehensive income for the year 2018 based on the unaudited financial information released and publicly disclosed by SPD Bank and IFLYTEK. On August 8, 2018, China Tower successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited and made an offering of 46,663,856,000 new ordinary shares (including both Hong Kong and International offerings with over-allotment option exercised) at a price of HK$1.26 per share. The Group’s shareholding in China Tower has been diluted from 38% to 28% and the gain as a result of equity interest dilution following the initial public offering of China Tower amounted to approximately RMB2,271 million was recorded in income from investments accounted for using the equity method. SPD Bank China Tower 2018 2017 2016 2018 2017 2016 Million Million Million Million Million Million Revenue 171,542 168,619 160,792 71,819 68,665 54,474 Profit/(loss) before taxation 65,284 69,828 69,975 3,475 2,685 (776 ) Profit/(loss) attributable to ordinary equity shareholders for the year 54,189 52,533 51,374 2,650 1,943 (575 ) Other comprehensive income/(loss) 6,979 (5,568 ) (5,480 ) — — — Total comprehensive income/(loss) 61,168 46,965 45,894 2,650 1,943 (575 ) Dividends received from associates 533 821 1,921 — — — IFLYTEK True Corporation 2018 2017 2016 2018 2017 2016 Million Million Million Million Million Million Revenue 7,917 5,458 3,320 33,214 28,262 23,520 Profit/(loss) before taxation 659 584 561 2,662 726 (437 ) Profit/(loss) attributable to ordinary equity shareholders for the year 542 428 484 1,444 465 (531 ) Other comprehensive (loss)/income 1 — — (46 ) 32 (87 ) Total comprehensive income/(loss) 543 428 484 1,398 497 (618 ) Dividends received from associates 18 18 18 39 — 5 (ii) The fair values of the interests in listed associates are based on quoted market prices (level 1: quoted price (unadjusted) in active markets) at the balance sheet date without any deduction for transaction costs and disclosed as follows: As of December 31, As of December 31, Carrying Fair Carrying Fair Million Million Million Million SPD Bank 86,951 52,282 78,559 67,166 China Tower 47,299 63,738 43,592 NA IFLYTEK 1,887 6,623 1,852 10,598 True Corporation 7,913 6,589 7,472 7,450 (iii) The Group assesses at the end of each reporting period whether there is objective evidence that interest in associates are impaired. As of December 31, 2018, the fair value of investment in SPD Bank was assessed to be RMB52,282 million (2017: RMB67,166 million), which was below its carrying amount by approximately 39.9% (2017: approximately 14.5%). Management of the Group performed an impairment test and determined the respective recoverable amount of the investment by the adoption of the VIU method. The calculation has considered pre-tax As of December 31, 2018, the fair value of investment in True Corporation was assessed to be RMB6,589 million (2017: RMB7,450 million), which was below its carrying amount by approximately 16.7% (2017: approximately 0.3%). Management of the Group performed an impairment test and determined its recoverable amount as the higher of its fair value less costs of disposal and VIU. Based on the management’s assessment results, there was no impairment of the investment as of December 31, 2018. Other than above, the management has determined that there was no impairment indicator of the Group’s interests in other associates as of December 31, 2017 and 2018. Details of a major joint venture are as follows: In 2015, CMC, a wholly-owned subsidiary of the Company, together with State Development & Investment Corporation and China Mobile State Development & Investment Management Company Limited (45% of its registered capital is owned by CMCC), established China Mobile Innovative Business Fund (Shenzhen) Partnership (Limited Partnership) (the “Fund”). The Group recognized the investment as interest in a joint venture. CMC committed to invest RMB1,500 million in cash, which represents 50% of the equity interest of the Fund. As of December 31, 2018, CMC had contributed RMB1,134 million (2017: RMB759 million) to the Fund with an outstanding commitment to further invest RMB366 million (2017: RMB741 million) to the Fund upon a request lodged by the Fund. There were no contingent liabilities relating to the Group’s interest in this joint venture as of December 31, 2018. |
Deferred Tax Assets and Liabili
Deferred Tax Assets and Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
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Deferred Tax Assets and Liabilities | 20 DEFERRED TAX ASSETS AND LIABILITIES The analysis of deferred tax assets and liabilities are as follows: As of As of Million Million Deferred tax assets: - Deferred tax asset to be recovered after 12 months 2,982 8,236 - Deferred tax asset to be recovered within 12 months 26,672 25,107 29,654 33,343 Deferred tax liabilities: - Deferred tax liabilities to be settled after 12 months (598 ) (258 ) - Deferred tax liabilities to be settled within 12 months (224 ) (104 ) (822 ) (362 ) Deferred tax assets and liabilities recognized and the movements during 2018 As of Changes As of (Charged)/ Charged to Exchange As of 2018 Million Million Million Million Million Million Million Deferred tax assets arising from: Write-down for obsolete inventories 120 — 120 (45 ) — — 75 Write-off 7,082 — 7,082 (1,793 ) — — 5,289 Accrued operating expenses 18,934 — 18,934 (1,219 ) — — 17,715 Deferred revenue from Reward Program 5,943 — 5,943 (159 ) — — 5,784 Impairment loss of doubtful accounts 1,270 24 1,294 164 — — 1,458 Change in value of available-for-sale (6 ) 6 — — — — — Change in value of financial assets at FVOCI — (6 ) (6 ) — — — (6 ) Contract asset, contract liability and contract cost relating to customer contract — (2,879 ) (2,879 ) 2,218 — — (661 ) 33,343 (2,855 ) 30,488 (834 ) — — 29,654 Deferred tax liabilities arising from: Depreciation allowance in excess of related depreciation (362 ) — (362 ) (736 ) — (19 ) (1,117 ) Others — — — 296 — (1 ) 295 (362 ) — (362 ) (440 ) — (20 ) (822 ) Total 32,981 (2,855 ) 30,126 (1,274 ) — (20 ) 28,832 Deferred tax assets and liabilities recognized and the movements during 2017 As of (Charged)/ Credited to Exchange As of Million Million Million Million Million Deferred tax assets arising from: Write-down for obsolete inventories 175 (55 ) — — 120 Write-off 4,538 2,544 — — 7,082 Accrued operating expenses 17,969 965 — — 18,934 Deferred revenue from Reward Program 5,796 147 — — 5,943 Impairment loss for doubtful accounts 1,297 (27 ) — — 1,270 Change in value of available-for-sale (8 ) — 2 — (6 ) 29,767 3,574 2 — 33,343 Deferred tax liabilities arising from: Depreciation allowance in excess of related depreciation (292 ) (92 ) — 22 (362 ) Total 29,475 3,482 2 22 32,981 Deferred tax assets are recognized for deductible temporary differences and tax losses carry-forwards only to the extent that the realization of the related tax benefit through future taxable profits is probable. Certain subsidiaries of the Group did not recognize deferred tax assets of RMB3,130 million (2017: RMB1,716 million) and RMB3,346 million (2017: RMB2,079 million) in respect of deductible temporary differences and tax losses amounting to RMB12,536 million (2017: RMB6,885 million) and RMB16,490 million (2017: RMB8,713 million) respectively that can be carried forward against future taxable income as of December 31, 2018. The deductible tax losses are allowed to be carried forward in next five years against the future taxable profits. |
Fair Value Measurement of Finan
Fair Value Measurement of Financial Instruments | 12 Months Ended |
Dec. 31, 2018 | |
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Fair Value Measurement of Financial Instruments | 21 FAIR VALUE MEASUREMENT OF FINANCIAL INSTRUMENTS Available-for-sale financial assets Equity WMP FVOCI FVPL As of December 31, 2017 44 65,630 — — Changes in accounting policy - IFRS 9 (44 ) (65,630 ) 44 65,630 As of January 1, 2018 (As restated) -Current portion — — — 65,630 -Non-current — — 44 — Addition — — 711 116,941 Maturity — — — (110,087 ) Fair value gains recognized in profit or loss — — — 4,442 Fair value gains recognized in other comprehensive income, before tax — — (168 ) — As of December 31, 2018 — — 587 76,926 Less: Current portion — — — (76,425 ) Non-current — — 587 501 Note: (i) The category of FVOCI is primarily the equity investments in listed companies that are not held for trading. The equity investments represent the Group’s investments in other companies at fair values (mainly level 1: quoted price (unadjusted) in active markets) through other comprehensive income as of December 31 and January 1, 2018. (ii) The category of FVPL mainly comprises WMPs. All the WMPs will mature within one year with variable return rates indexed to the performance of underlying assets. As of December 31 and January 1, 2018, they were measured at the fair value as level 3 of fair value hierarchy. The fair values were determined based on cash flow discounted assuming the expected return will be obtained upon maturity. There were no transfers between the levels of fair value hierarchy for the year ended December 31, 2018. |
Restricted Bank Deposits
Restricted Bank Deposits | 12 Months Ended |
Dec. 31, 2018 | |
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Restricted Bank Deposits | 22 RESTRICTED BANK DEPOSITS As of December 31, 2018 As of December 31, 2017 Non-current Current Total Non-current Current Total Million Million Million Million Million Million Restricted bank deposits - Statutory deposit reserves (Note) 4,486 — 4,486 3,453 — 3,453 - Deposited customer reserves (Note) 7,882 — 7,882 3,047 — 3,047 - Pledged bank deposits 1 9 10 4 691 695 12,369 9 12,378 6,504 691 7,195 Note: The statutory deposit reserves and the deposited customer reserves are deposited by the subsidiaries of the Company, China Mobile Finance and China Mobile E-Commerce |
Inventories
Inventories | 12 Months Ended |
Dec. 31, 2018 | |
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Inventories | 23 INVENTORIES As of As of December 31, December 31, Million Million SIM cards, handsets and other terminals 6,939 8,357 Other consumables 1,918 1,865 8,857 10,222 |
Accounts Receivable
Accounts Receivable | 12 Months Ended |
Dec. 31, 2018 | |
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Accounts Receivable | 24 ACCOUNTS RECEIVABLE (a) Aging analysis Aging analysis of accounts receivable, net of loss allowance is as follows: As of As of December 31, December 31, Million Million Within 30 days 11,160 13,711 31 - 60 days 3,680 3,002 61 - 90 days 2,358 1,798 Over 90 days 9,342 5,642 26,540 24,153 Accounts receivable primarily comprise receivables from customers and telecommunications operators. Customers with balances that are overdue or have exceeded credit limits are required to settle all outstanding balances before any further telecommunications services can be provided. The increase of accounts receivable is mainly due to the increase in revenue from corporate markets. Customers from corporate markets normally enjoy longer credit term and have better creditability. Accounts receivable are expected to be recovered within one year. (b) Impairment of accounts receivable The following table summarizes the changes in loss allowance of accounts receivable: 2018 2017 Million Million As of January 1 (As previously reported) 5,668 5,762 Changes in accounting policy - IFRS 9 195 — As of January 1 (As restated) 5,863 5,762 Impairment loss recognized 4,480 3,415 Accounts receivable written off (3,074 ) (3,509 ) As of December 31 7,269 5,668 |
Other Receivables, Prepayments
Other Receivables, Prepayments and Other Current Assets | 12 Months Ended |
Dec. 31, 2018 | |
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Other Receivables, Prepayments and Other Current Assets | 25 OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS Other receivables are expected to be recovered within one year. They primarily include interest receivable from banks, utilities deposits and rental deposits etc., short-term loans granted to China Tower of RMB11,000 million (2017: RMB8,050 million) and other short-term loans granted to banks and other financial institutions as well as short-term debt investments purchased of RMB13,260 million (2017: RMB5,600 million) through China Mobile Finance. The interest rates of short-term loans are mutually agreed among the parties with reference to the market interest rates. Prepayments and other current assets primarily consist of rental prepayments, maintenance prepayments, input VAT to be deducted. As of December 31, 2017 and 2018, there were no significant overdue amounts for other receivables. |
Amounts Due from_to Ultimate Ho
Amounts Due from/to Ultimate Holding Company | 12 Months Ended |
Dec. 31, 2018 | |
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Amounts Due from/to Ultimate Holding Company | 26 AMOUNTS DUE FROM/TO ULTIMATE HOLDING COMPANY Amount due from ultimate holding company is unsecured, interest free, repayable on demand and arising in the ordinary course of business. As of December 31, 2018, amount due to ultimate holding company comprises the short-term deposits of CMCC and its subsidiaries (“CMCC Group”) in China Mobile Finance amounting to RMB10,873 million (2017: RMB8,611 million) and the corresponding interest payable arising from the deposits. The deposits are unsecured and carry interest at prevailing market rate. |
Bank Deposits
Bank Deposits | 12 Months Ended |
Dec. 31, 2018 | |
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Bank Deposits | 27 BANK DEPOSITS Bank deposits represent term deposits with banks with original maturity exceeding three months. The applicable interest rate is determined in accordance with the benchmark interest rate published by PBOC or with reference to the market interest rate. |
Cash and Cash Equivalents
Cash and Cash Equivalents | 12 Months Ended |
Dec. 31, 2018 | |
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Cash and Cash Equivalents | 28 CASH AND CASH EQUIVALENTS As of As of December 31, December 31, Million Million Bank deposits with original maturity within three months 3,470 5,907 Cash at banks and on hand 53,832 114,729 57,302 120,636 |
Accounts Payable
Accounts Payable | 12 Months Ended |
Dec. 31, 2018 | |
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Accounts Payable | 29 ACCOUNTS PAYABLE Accounts payable primarily include payables for expenditure of network expansion, maintenance and interconnection expenses. The aging analysis of accounts payable is as follows: As of As of December 31, December 31, Million Million Payable in the periods below: Within 1 month or on demand 164,081 201,429 After 1 month but within 3 months 8,902 13,086 After 3 months but within 6 months 7,349 7,660 After 6 months but within 9 months 3,411 2,761 After 9 months but within 12 months 7,104 8,233 190,847 233,169 All of the accounts payable are expected to be settled within one year or are repayable on demand. |
Deferred Revenue
Deferred Revenue | 12 Months Ended |
Dec. 31, 2018 | |
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Deferred Revenue | 30 DEFERRED REVENUE Deferred revenue primarily includes prepaid service fees received from customers and unredeemed point rewards. 2018 2017 Million Million As of January 1 (As previously reported) 88,170 86,464 Changes in accounting policy - IFRS 15 (385 ) — As of January 1 (As restated) - Current portion 84,897 84,289 - Non-current 2,888 2,175 Additions during the year 299,383 352,011 Recognized in the consolidated statements of comprehensive income (319,102 ) (350,305 ) As of December 31 68,066 88,170 Less: Current portion (63,185 ) (85,282 ) Non-current 4,881 2,888 |
Accrued Expenses and Other Paya
Accrued Expenses and Other Payables | 12 Months Ended |
Dec. 31, 2018 | |
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Accrued Expenses and Other Payables | 31 ACCRUED EXPENSES AND OTHER PAYABLES As of As of December 31, December 31, Million Million Receipts-in-advance 69,629 73,583 Other payables 31,990 26,643 Accrued salaries, wages, labor service expenses and other benefits 6,950 6,535 Accrued expenses 87,003 84,105 195,572 190,866 |
Capital, Reserves and Dividends
Capital, Reserves and Dividends | 12 Months Ended |
Dec. 31, 2018 | |
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Capital, Reserves and Dividends | 32 CAPITAL, RESERVES AND DIVIDENDS (a) Share capital Ordinary shares, issued and fully paid: Equivalent Number HK$ RMB of shares Million Million As of January 1 and December 31, 2017 and 2018 20,475,482,897 382,263 402,130 The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regard to the Company’s residual assets. (b) Dividends (i) Dividends attributable to the year: 2018 2017 2016 Ordinary interim dividend declared and paid of HK$1.826 (equivalent to approximately RMB1.540) (2017: HK$1.623 (equivalent to approximately RMB1.409); 2016: HK$1.489 (equivalent to approximately RMB1.273)) per share 32,870 28,211 26,227 Special dividend declared and paid of HK$3.200 (equivalent to approximately RMB2.777) per share in 2017 — 55,621 — Ordinary final dividend proposed after the balance sheet date of HK$1.391 (equivalent to approximately RMB1.219) (2017: HK$1.582 (equivalent to approximately RMB1.322); 2016: HK$1.243 (equivalent to approximately RMB1.112)) per share 24,955 27,077 22,766 57,825 110,909 48,993 The proposed ordinary final dividend, which is declared in Hong Kong dollar is translated into RMB with reference to the rate HK$1 = RMB0.8762, being the rate announced by the State Administration of Foreign Exchange in the PRC on December 28, 2018. As the ordinary final dividend was declared after the balance sheet date, such dividend is not recognized as liability as of December 31, 2018. In accordance with the 2009 Notice and the PRC enterprise income tax law, the Company is required to withhold enterprise income tax equal to 10% of any dividend, when it is distributed to non-resident (ii) Dividends attributable to the previous financial year, approved and paid during the year: 2018 2017 2016 Million Million Million Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.582 (equivalent to approximately RMB1.322) (2017: HK$1.243 (equivalent to approximately RMB1.112); 2016: HK$1.196 (equivalent to approximately RMB1.002)) per share 27,060 22,204 20,764 (c) Nature and purpose of reserves (i) Capital reserve The capital reserve mainly comprises the following: - RMB295,665 million debit balance brought forward as a result of the elimination of goodwill arising on the acquisition of subsidiaries before January 1, 2001 against the capital reserve; - Share of other comprehensive income/(loss) of investments accounted for using the equity method; - The changes in fair value of financial assets at FVOCI, net of tax, until the financial assets are derecognized; and - The difference between the consideration and the aggregate carrying amounts of certain assets, businesses and related liabilities as well as its related employees in relation to the fixed-line telecommunications operations acquired from the controlling party under business combinations under common control. (ii) PRC statutory reserves PRC statutory reserves mainly include statutory surplus reserve and discretionary surplus reserve. In accordance with the Company Law of the PRC, domestic enterprises in Mainland China are required to transfer 10% of their profit after taxation, as determined under accounting principles generally accepted in the PRC (“PRC GAAP”), to the statutory surplus reserve until such reserve balance reaches 50% of the registered capital of relevant Mainland subsidiaries. Moreover, upon a resolution made by the shareholders, a certain percentage of domestic enterprises’ profit after taxation, as determined under PRC GAAP, is transferred to the discretionary surplus reserve. During the year, appropriations were made by such subsidiaries to the statutory surplus reserves and discretionary surplus reserves accordingly. The statutory and discretionary surplus reserves can be used to reduce previous years’ losses, if any, and may be converted into paid-up In accordance with relevant regulations issued by the Ministry of Finance of the PRC, a subsidiary of the Company, China Mobile Finance, is required to set aside a reserve through appropriations of profit after tax according to a certain ratio of the ending balance of its gross risk-bearing assets to cover potential losses against such assets. (iii) Exchange reserve The exchange reserve comprises all currency translation differences arising from the translation of the financial statements of overseas entities. The reserve is dealt with in accordance with the accounting policies set out in note 2(x). (d) Capital management The Group’s primary objectives of capital management are to maintain a reasonable capital structure and to safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders. The Group actively and regularly reviews and manages its capital structure to stabilize the capital position and prevent operation risk. Meanwhile, the Group will maximize the shareholders’ return when having high level of borrowings and will make adjustment on the capital structure in accordance with the changes in economic conditions. The Group monitors capital on the basis of total debt-to-book As of December 31, 2017 and 2018, the Group’s total debt-to-book Except China Mobile Finance is subject to certain capital requirements imposed by China Banking and Insurance Regulatory Commission, the Company and its subsidiaries are not subject to externally imposed capital requirements. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2018 | |
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Related Party Transactions | 33 RELATED PARTY TRANSACTIONS (a) Transactions with CMCC Group The following is a summary of principal related party transactions entered into by the Group with CMCC Group for the years ended December 31, 2016, 2017 and 2018. 2018 2017 2016 Note Million Million Million Telecommunications services revenue (i) 71 47 159 Property leasing and management services revenue (ii) 226 188 197 Property leasing and management services charges (ii) 1,009 999 976 Network assets leasing charges (iii) 2,308 2,494 2,738 Network capacity leasing charges (iii) 402 1,047 2,696 Short-term bank deposits received (iv) 10,873 8,611 5,552 Short-term bank deposits repaid (iv) 8,611 5,552 7,274 Interest expenses (iv) 142 21 7 Note: (i) The amounts represent telecommunications services settlement received/receivable from CMCC Group for the telecommunications project planning, design and construction services, telecommunications line and pipeline construction services, and telecommunications line maintenance services. (ii) The amount represents the rental and property management fees received/receivable from or paid/payable to CMCC Group in respect of offices, retail outlets and warehouses. (iii) The amounts represent the network assets leasing settlement paid/payable to CMCC Group, and the TD-SCDMA TD-SCDMA (iv) The amounts represent the deposits received from or repaid to CMCC Group and interest expenses paid/payable to CMCC Group in respect of the deposits. (b) Amounts due from/to CMCC Group Amounts due from/to CMCC Group, other than amount due from/to ultimate holding company, are included in the following accounts captions summarized as follows: As of As of December 31, December 31, Million Million Accounts receivable 282 301 Other receivables 145 116 Prepayments and other current assets 5 — Accounts payable 5,825 4,580 Accrued expenses and other payables 80 131 The amounts are unsecured, interest-free, repayable on demand/on contract terms and arise in the ordinary course of business. (c) Significant transactions with associates and joint venture of the Group and of CMCC Group The Group has entered into transactions with associates and joint venture of the Group or CMCC Group. The major transactions entered into by the Group and these companies and amounts due from/to these companies are as follows: Note As of Million As of Million Accounts receivable (i ) 240 313 Interest receivable (ii ) 829 997 Other receivables (iii ) 12,518 12,565 Prepayments and other current assets 160 51 Available-for-sale (iii ) — 31,778 Financial assets at FVPL (iii ) 41,128 — Bank deposits (iii ) 44,955 62,969 Accounts payable (iv ) 3,252 4,479 Accrued expenses and other payables (iv ) 7,301 5,429 2018 2017 2016 Note Million Million Million Telecommunications services revenue (i ) 604 828 637 Telecommunications services charges (v ) — — 422 Property leasing and management services revenue (vi ) 40 99 1 Charges for use of tower assets (iv ) 37,837 36,335 28,144 Interest and other income (ii ) 4,083 4,807 4,140 Dividend income 691 847 1,944 Note: (i) The amounts represent the telecommunications services revenue received/receivable from the Group’s associates. (ii) The amounts primarily represent interest received/receivable from deposits placed with SPD Bank, short-term loans granted to China Tower and placements with SPD Bank by China Mobile Finance; and represent the income from WMP purchased from SPD Bank. The interest rate of deposits placed with SPD Bank is determined in accordance with the benchmark interest rate published by PBOC. (iii) Other receivables primarily represent the short-term loans granted to China Tower and placements with SPD Bank by China Mobile Finance, which will mature by or before December 2019 and withholding power and utilities expenses and lease charges payable on behalf of China Tower, etc. Available-for-sale (iv) The amounts primarily represent the charges paid/payable to China Tower for the use of telecommunications towers and related assets and the services (“Leased Tower”). On July 8, 2016, CMC and China Tower finalized the leasing and pricing arrangement in relation to the lease of Leased Tower, and entered into an agreement (the “Lease Agreement”). Accordingly, the respective provincial companies of CMC and China Tower entered into provincial company service agreements for the leasing of individual Leased Tower based on their actual service requirements. Pursuant to the management’s assessment, the 5 years lease terms of the Lease Agreement does not account for the major part of the economic lives of the Leased Tower and the present value of the minimum lease payments is not considered substantial comparing to the fair value of the corresponding Leased Tower. At the end of the lease term, there is no purchase option granted to the Group to purchase the Leased Tower. The Group also does not bear any gains or losses in the fluctuation in the fair value of the Leased Tower at the end of the lease terms. As a result, the Group does not substantially bear the risks and reward incidental to the ownership of the Leased Tower, and hence the Group accounts for the Leased Tower leasing as operating leases. On January 31, 2018, CMC and China Tower unanimously agreed on supplementary provisions to the Lease Agreement (“Supplementary Agreement”). The Supplementary Agreement mainly included: the adjustments to the pricing of tower products, the term of the agreement shall be 5 years, effective from January 1, 2018 and expiring on December 31, 2022. The Supplementary Agreement did not affect the Group’s judgement on operating lease aforementioned. (v) The amount represents the telecommunications services charges paid/payable to Union Mobile Pay Co., Ltd., an associate of CMCC Group until July 2016. (vi) The amount represents the property leasing revenue received/receivable from SPD Bank and China Tower. (d) Transactions with other government-related entities in the PRC The Group is a government-related enterprise and operates in an economic regime currently dominated by entities directly or indirectly controlled by the PRC government through government authorities, agencies, affiliations and other organization (collectively referred to as “government-related entities”). Apart from transactions with CMCC Group (notes 26 and 33(a)), associates and joint venture (note 33(c)) and the transaction to increase contribution to the Fund (note 19), the Group has collectively, but not individually, significant transactions with other government-related entities which include but not limited to the following: – rendering and receiving telecommunications services, including interconnection revenue/charges – purchasing of goods, including use of public utilities – placing of bank deposits These transactions are conducted during the ordinary course of the Group’s business based on terms comparable to the terms of transactions enacted with other entities that are not government-related. The Group prices its telecommunications services and products based on commercial negotiations with reference to rules and regulations stipulated by related authorities of the PRC Government, where applicable. The Group has also established its procurement policies and approval processes for purchases of products and services, which do not depend on whether the counterparties are government-related entities or not. (e) For key management personnel remuneration, please refer to note 10. |
Financial Risk Management and F
Financial Risk Management and Fair Values | 12 Months Ended |
Dec. 31, 2018 | |
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Financial Risk Management and Fair Values | 34 FINANCIAL RISK MANAGEMENT AND FAIR VALUES Exposure to credit, liquidity, interest rate and foreign currency risks arises in the normal course of the Group’s business. The Group’s exposure to these risks and the financial risk management policies and practices used by the Group to manage these risks are described below: (a) Credit risk and concentration risk The Group’s credit risk is primarily attributable to the financial assets in the consolidated balance sheets, which mainly include deposits with banks, WMP (recorded in FVPL), accounts receivable and other FVPL receivables. The maximum exposure to credit risk is represented by the carrying amount of the financial assets. (i) Risk management Substantially all the Group’s cash at banks and bank deposits are deposited in financial institutions in Mainland China and Hong Kong. The credit risk on liquid funds is limited as the majority of counterparties are financial institutions with high credit ratings assigned by international credit-rating agencies and large state-controlled financial institutions. WMPs are issued by major domestic banks investing in low risk underlying assets, which mainly consist of bank deposits, treasury bond, central bank bill, local government debt, corporate bond or debt with high credit ratings, and the related credit risks are low. The accounts receivable of the Group is primarily comprised of receivables due from customers and other telecommunications operators. Accounts receivable from individual customers are spread among an extensive number of customers and the majority of the receivables from customers are due for payment within one month from the date of billing. For corporate customers, the credit period granted by the Group is based on the service contract terms, normally not exceeding 1 year. Other receivables primarily comprise interest receivable from banks, utilities deposits, rental deposits and short-term loans granted to other companies through China Mobile Finance. Management has a credit policy in place and the exposures to these credit risks are monitored on an ongoing basis, taking into account the counter parties’ financial position, the Group’s past experience and other factors. Meanwhile, concentrations of credit risk with respect to accounts receivable are limited due to the Group’s customer base being large and unrelated. As such, management considers the aggregate risks arising from the possibility of credit losses is limited and to be acceptable. (ii) Impairment of financial assets The Group has 3 types of financial assets that are subject to IFRS 9’s expected credit loss model: • Accounts receivable • Contract assets • Other financial assets at amortized cost Accounts receivable The Group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all accounts receivable and contract assets. To measure the expected credit losses, accounts receivable have been grouped by amounts due from individual customers, corporate customers, and other miscellaneous customer groups based on similar credit risk characteristics and ages. The expected loss rate as of December 31 and January 1, 2018 was determined as follows for each customers group of accounts receivable due from individual customers and corporate customers, respectively: Within 31 days to 91 days to Over Individual customers Expected loss rate 2 % 20 % 80 % 100 % Within 181 days 1 year to 2 years Over Corporate customers Expected loss rate 2 % 20 % 60 % 80 % 100 % Receivables from other customers are of lower risk, and the expected credit loss is insignificant. Impairment losses on accounts receivable and contract assets are presented as impairment losses of doubtful accounts within other operating expenses. Subsequent recoveries of amounts previously written off are credited against the same line item. In the prior year, the impairment of accounts receivable was assessed based on the incurred loss model of IAS 39. Individual receivables which were known to be uncollectible were written off by reducing the carrying amount directly. The loss allowances increased by a further RMB1,406 million to RMB7,269 million for accounts receivable in 2018 determined under IFRS 9 and the amounts are not materially different from the amounts which would otherwise been determined under the incurred loss model of IAS 39. Other financial assets at amortized cost Other financial assets at amortized cost include cash and cash equivalents, bank deposits, other receivables and amounts due from ultimate holding company etc. They are considered to be of low credit risk and thus the impairment provision recognized is limited to 12 months. Management considers that the expected credit loss is insignificant. (b) Liquidity risk Liquidity risk refers to the risk that funds will not be available to meet liabilities as they fall due, and results from timing and amount mismatches of cash inflow and outflow. The Group manages liquidity risk by maintaining sufficient cash balances and bank deposits (which are readily convertible to known amounts of cash) to meet its funding needs, including working capital, principal and interest payments on debts, dividend payments and capital expenditures. The following table sets out the remaining contractual maturities at the balance sheet date of the Group’s financial liabilities, which are based on the undiscounted cash flows (including interest payments computed using contractual rates or, if floating, based on prevailing rates at the balance sheet date) and the earliest date the Group would be required to repay: As of As of Carrying Carrying Million Million Accounts payable 190,847 233,169 Bills payable 3,221 3,303 Accrued expenses and other payables 195,572 190,866 Amount due to ultimate holding company 11,020 8,646 400,660 435,984 The contractual undiscounted cash flow of the above items as of December 31, 2017 and December 31, 2018 were equal to their respective carrying amounts and all of which are expected to be settled within one year or repayable on demand. (c) Interest rate risk The Group consistently monitors the current and potential fluctuation of interest rates in managing the interest rate risk on a reasonable level. As of December 31, 2018, the Group did not have any interest-bearing borrowings at variable rates, but had RMB10,873 million of short-term bank deposits placed by CMCC (2017: RMB8,611 million), which was at fixed rate and expose the Group to fair value interest rate risk. The Group determines the amount of its fixed rate borrowings depending on the prevailing market condition. Management does not expect fair value interest rate risk to be high as the interest involved will not be significant. As of December 31, 2018, total cash and bank balances of the Group amounted to RMB361,567 million (2017: RMB407,202 million), interest-bearing receivables amounted to RMB24,260 million (2017: RMB13,650 million) and WMPs amounted to RMB76,425 million (2017: RMB65,630 million). The interest and other income for 2018 was RMB15,885 million (2017: RMB15,883 million ; 2016: RMB16,005 million) and the average interest rate was 3.33% (2017: 3.13%; 2016: 3.44%). Assuming the total cash and bank balances, interest-bearing receivables and WMPs are stable in the coming year and interest rate increases/decreases by 100 basis points, the profit for the year and total equity would approximately increase/decrease by RMB3,480 million (2017: RMB3,182 million; 2016: RMB3,695 million). (d) Foreign currency risk The Group has foreign currency risk as certain cash and deposits with banks are denominated in foreign currencies, principally US dollars and Hong Kong dollars. As the amount of the Group’s foreign currency cash and deposits with banks represented 3.3% (2017: 2.5%) of the total cash and deposits with banks and predominantly all of the business operations of the Group are transacted in RMB, the Group does not expect the appreciation or depreciation of the RMB against foreign currency will materially affect the Group’s financial position and result of operations. (e) Fair values The carrying amount of the financial instruments carried at amortized cost are not materially different from their respective fair values at the balance sheet dates due to the short-terms or repayable on demand nature. |
Commitments
Commitments | 12 Months Ended |
Dec. 31, 2018 | |
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Commitments | 35 COMMITMENTS (a) Capital commitments The Group’s capital expenditure contracted for as of December 31 but not provided in the consolidated financial statements were as follows: 2018 2017 Million Million Land and buildings 9,327 10,950 Telecommunications equipment 44,174 32,112 53,501 43,062 (b) Operating lease commitments The total future minimum lease payments under non-cancellable Land Leased lines Others Total Million Million Million Million As of December 31, 2018 Within one year 10,067 44,867 1,402 56,336 After one year but within five years 24,843 123,088 1,324 149,255 After five years 11,165 3,464 81 14,710 46,075 171,419 2,807 220,301 As of December 31, 2017 Within one year 10,344 46,730 1,023 58,097 After one year but within five years 20,372 112,465 961 133,798 After five years 4,831 1,183 58 6,072 35,547 160,378 2,042 197,967 The Group leases certain land and buildings, leased lines and network assets, motor vehicles, computer and other office equipment under operating leases. (c) Investment commitments The Group has an investment commitment to a joint venture (see note 19). |
Post Balance Sheet Event
Post Balance Sheet Event | 12 Months Ended |
Dec. 31, 2018 | |
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Post Balance Sheet Event | 36 POST BALANCE SHEET EVENT After the balance sheet date, the Board of Directors proposed a final dividend for the year ended December 31, 2018. Further details are disclosed in note 32(b)(i). |
Accounting Estimates and Judgem
Accounting Estimates and Judgements | 12 Months Ended |
Dec. 31, 2018 | |
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Accounting Estimates and Judgements | 37 ACCOUNTING ESTIMATES AND JUDGEMENTS Key sources of estimation uncertainty Note 17 contains information about the assumptions relating to goodwill impairment, and note 33 contains information about the judgements on the lease classification of leasing of TD-SCDMA Impairment of accounts receivable The loss allowance for accounts receivable is based on assumptions about risk of default and expected loss rates. The Group assesses these assumptions and selects the inputs to the impairment calculation, based on the Group’s past history, existing market conditions as well as forward looking estimates at each balance sheet date. Amortization of contract cost As disclosed in note 3(c), certain costs incurred to obtain contracts are deferred and recognized as assets on the Group’s consolidated balance sheets. Such assets should be amortized on a systematic basis consistent with the pattern of the transfer of the goods or services to which the asset relates. The Group determines the amortization periods for these assets as the expected life of the customer contract, which is consistent with the recognition of revenue from the products and services to which the assets relate. Such costs are amortized using the straight-line method. The amortization period is updated if there is a significant change in the Group’s expected life of the customer contract. Depreciation Depreciation is calculated to write off the cost of items of property, plant and equipment, less their estimated residual value, if any, using the straight-line method over their estimated useful lives. The Group reviews the estimated useful lives and residual values of the assets annually in order to determine the amount of depreciation expense to be recorded during any reporting period. The useful lives and residual values are determined based on the Group’s historical experience with similar assets and take into account anticipated technological changes. The depreciation expense for future periods is adjusted if there are significant changes from previous estimates. Taxation The Group is subject to income taxes mainly in Mainland China and Hong Kong. Significant judgment is required in determining the provision for income taxes. There are many transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The Group recognizes liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the income tax and deferred tax provisions in the period in which such determination is made. For temporary differences which give rise to deferred tax assets, the Group assesses the likelihood that the deferred tax assets could be recovered. Deferred tax assets are recognized based on the Group’s estimates and assumptions that they will be recovered from taxable income arising from continuing operations in the foreseeable future. Impairment of property, plant and equipment, goodwill, other intangible assets and investments accounted for using the equity method The Group’s property, plant and equipment comprise a significant portion of the Group’s total assets. Changes in technology or industry conditions may cause the estimated period of use or the value of these assets to change. Property, plant and equipment, other intangible assets subject to amortization and investments accounted for using the equity method, are reviewed at least annually to determine whether there is any indication of impairment. The recoverable amount is estimated whenever events or changes in circumstances have indicated that their carrying amounts may not be recoverable. In addition, for goodwill and other intangible assets with indefinite useful lives, the recoverable amount is estimated annually whether or not there is any indication of impairment. The recoverable amount of an asset is the greater of its fair value less costs of disposal and VIU. In assessing VIU, the estimated future cash flows are discounted to their present value using a pre-tax Classification of leases The Group has a number of lease arrangements. The Group follows the guidance of IAS 17 “Leases” to determine the classification of leases as operating leases versus finance leases. Significant judgements and assumptions are required in the assessment of the classification. The determination of classification depends on whether the lease transfers substantially all the risks and rewards of the assets to the Group. In particular, during the assessment, the management estimates (i) economic lives of lease assets, (ii) the discount rate used in the calculation of present value of minimum lease payments, and (iii) the fair value of the leased assets. Any future changes to these judgements or assumptions will affect the classification and hence the results of operation and financial position of the Group. |
Possible Impact of Amendments,
Possible Impact of Amendments, New Standards, Interpretations and Disclosures Issued but Not Yet Effective for the Year Ended December 31, 2018 | 12 Months Ended |
Dec. 31, 2018 | |
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Possible Impact of Amendments, New Standards, Interpretations and Disclosures Issued but Not Yet Effective for the Year Ended December 31, 2018 | 38 POSSIBLE IMPACT OF AMENDMENTS, NEW STANDARDS, INTERPRETATIONS AND DISCLOSURES ISSUED BUT NOT YET EFFECTIVE FOR THE YEAR ENDED DECEMBER 31, 2018 Up to the date of issue of these consolidated financial statements, the IASB has issued a number of amendments and new standards and interpretations which are not yet effective for the year ended December 31, 2018 and which have not been adopted in these consolidated financial statements. Of these developments, the following relate to matters that may be relevant to the Group’s operations and financial statements: Effective for IFRS 16 January 1, 2019 IFRIC – Int 23 January 1, 2019 Amendments to IAS 28 January 1, 2019 Annual Improvements to IFRS Standards 2015-2017 Cycle January 1, 2019 Amendments to IAS 19 January 1, 2019 Amendment to IFRS 3 January 1, 2020 Amendments to IFRS 10 and IAS 28 NA * * In December the IASB decided to defer the application date of this amendment until such time as the IASB has finalized its research project on the equity method. IFRS 16 “Leases” IFRS 16 was issued in January 2016. For lessee, it will result in almost all leases being recognized on the balance sheets, as the distinction between operating and finance leases is removed. Under the new standard, an asset (the right to use the leased item) and a financial liability to pay rentals are recognized. The only exceptions are short-term and low value leases. This accounting treatment is significantly different from the lessee accounting for leases that are classified as operating leases under IAS 17. The accounting for lessors will not significantly change. In accordance with IFRS 16, the lessee will recognize right-of-use The Group has completed the evaluation of the lease portfolio, system optimization and system support upgrade, and applied the standard from its mandatory adoption date of January 1, 2019. The Group has applied the simplified transition approach and not restated comparative amounts for the year prior to first adoption, with the cumulative effect of initial adoption recognized as an adjustment to the opening balance of retained earnings. Right-of-use right-of-use |
Condensed Financial Information
Condensed Financial Information of the Company | 12 Months Ended |
Dec. 31, 2018 | |
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Condensed Financial Information of the Company | 39 CONDENSED FINANCIAL INFORMATION OF THE COMPANY (a) Condensed statements of comprehensive income 2018 2017 2016 Dividend income 60,044 111,490 49,080 Operating expenses (67 ) (77 ) (71 ) Interest and other income 41 23 11 Other gains/(losses) 250 (87 ) 57 Finance costs — (2 ) (3 ) Profit before taxation 60,268 111,347 49,074 Taxation — (14 ) (1 ) PROFIT FOR THE YEAR 60,268 111,333 49,073 Other comprehensive income for the year — — — TOTAL COMPREHENSIVE INCOME FOR THE YEAR 60,268 111,333 49,073 (b) Condensed balance sheets As of As of Non-current 491,748 490,256 Current assets 2,614 2,718 Current liabilities 4,708 3,658 Non-current — — NET ASSETS 489,654 489,316 TOTAL EQUITY 489,654 489,316 In the Company’s balance sheets, an investment in a subsidiary is stated at cost less impairment losses. The results of subsidiaries are accounted for by the Company on the basis of dividends received and receivable. (c) Condensed statements of cash flows 2018 2017 2016 Net cash generated from operating activities 2 (72 ) (69 ) Net cash generated from investing activities 15,792 28,840 12,900 Net cash used in financing activities (16,331 ) (28,913 ) (12,813 ) Net (decrease)/increase in cash and cash equivalents (537 ) (145 ) 18 Cash and cash equivalents at beginning of year 554 796 753 Effect of changes in foreign exchange rate 228 (97 ) 25 Cash and cash equivalents at end of year 245 554 796 |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
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Statement of compliance | (a) Statement of compliance These financial statements have been prepared in accordance with all applicable International Financial Reporting Standards (“IFRSs”) issued by the International Accounting Standards Board (“IASB”), which collective term includes all applicable individual International Financial Reporting Standards, International Accounting Standards (“IASs”) and Interpretations issued by the IASB. A summary of the significant accounting policies adopted by the Group is set out below. |
Basis of preparation | (b) Basis of preparation The consolidated financial statements for the year ended December 31, 2018 comprise the Group and the Group’s interest in associates and joint ventures. The measurement basis used in the preparation of the financial statements is the historical cost basis, as modified by the revaluation of financial assets at fair value through other comprehensive income (“FVOCI”) and fair value through profit or loss (“FVPL”) which are carried at fair value. All of the new or amended standards or interpretations that effective for the year beginning on January 1, 2018 have been applied for the first time by the Group. The impact of adopting these new or amended standards or interpretations is disclosed in note 3. The preparation of financial statements in conformity with IFRSs requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Judgements made by management in the application of IFRSs that have significant effect on the financial statements and major sources of estimation uncertainty are discussed in note 37. |
Subsidiaries and non-controlling interests | (c) Subsidiaries and non-controlling (i) Subsidiaries Subsidiaries are all entities (including structured entities) over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. An investment in a subsidiary is consolidated into the consolidated financial statements from the date that control commences until the date that control ceases. Intra-group balances and transactions and any unrealized gains arising from intra-group transactions are eliminated in full in preparing the consolidated financial statements. Unrealized losses resulting from intra-group transactions are eliminated in the same way as unrealized gains but only to the extent that there is no evidence of impairment. Accounting policies of subsidiaries would be changed where necessary in the consolidated financial statements to ensure consistency with the policies adopted by the Group. Non-controlling non-controlling Non-controlling Non-controlling non-controlling Changes in the Group’s interests in a subsidiary that do not result in a loss of control are accounted for as equity transactions, whereby adjustments are made to the amounts of controlling and non-controlling When the Group loses control of a subsidiary, it is accounted for as a disposal of the entire interest in that subsidiary, with a resulting gain or loss being recognized in profit or loss. Any interest retained in that former subsidiary at the date when control is lost is recognized at fair value and this amount is regarded as the fair value on initial recognition of a financial asset or, when appropriate, the cost on initial recognition of an investment in an associate or a joint venture. (ii) Business combination other than under common control The Group applies the acquisition method to account for business combination of entities and businesses which are not under common control. The consideration transferred for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred to the former owners of the acquiree and the equity interests issued by the Group. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Acquisition-related costs are expensed as incurred. (iii) Business combination under common control Under IFRSs, the Group use merger accounting to account for the business combination of entities and businesses under common control in accordance with the Accounting Guideline 5 “Merger Accounting for Common Control Combinations” issued by the Hong Kong Institute of Certified Public Accountants. The consolidated financial statements incorporate the financial statements of the combining entities or businesses in which the common control combination occurs as if they had been combined from the date when the combining entities or businesses first came under the control of the controlling party. The assets and liabilities of the combining entities or businesses are combined using the carrying book values from the controlling parties’ perspective. No amount is recognized in consideration for goodwill or excess of acquirers’ interest in the net fair value of acquiree’s identifiable assets, liabilities and contingent liabilities over the consideration at the time of common control combination, to the extent of the continuation of the controlling party’s interest. The consolidated statements of comprehensive income includes the results of each of the combining entities or businesses from the earliest date presented or since the date when the combining entities or businesses first came under the common control, where there is a shorter period, regardless of the date of the common control combination. Transaction costs, including professional fees, registration fees, costs of furnishing information to shareholders, costs or losses incurred in combining operations of the previously separate businesses, etc., incurred in relation to the common control combination that is to be accounted for by using merger accounting is recognized as an expense in the period in which they were incurred. |
Investments accounted for using the equity method | (d) Investments accounted for using the equity method An associate is an entity in which the Group has significant influence, but not control or joint control, over its management, including participation in the financial and operating policy decisions. The Group has applied IFRS 11 to all joint arrangements. Under IFRS 11, investments in joint arrangements are classified as either joint operations or joint ventures depending on the contractual rights and obligations of each investor. The Group has assessed the nature of its joint arrangements and determined them to be joint ventures. The Group accounted for its investment in associates and joint ventures using the equity method. Under the equity method, the investment is initially recorded at cost. Thereafter, the investment is adjusted for the post-acquisition change in the Group’s share of the investee’s net assets and any impairment loss relating to the investment (see note 2(j)). The Group’s share of the post-acquisition post-tax When the Group’s share of losses exceeds its interest in the associate or joint ventures, the Group’s interest is reduced to nil and recognition of further losses is discontinued except to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the investee. For this purpose, the Group’s interest in the investee is the carrying amount of the investment under the equity method together with the Group’s long-term interests that in substance form part of the Group’s net investment in the associates or joint ventures. Unrealized profits and losses resulting from transactions between the Group and its associates or joint ventures are eliminated to the extent of the Group’s interest in the investee, except where unrealized losses provide evidence of an impairment of the asset transferred, in which case they are recognized immediately in profit or loss. Accounting policies of associates or joint ventures would be changed where necessary in the consolidated financial statements to ensure consistency with the policies adopted by the Group. Gain or loss on dilution of equity interest in associates and joint ventures are recognized in profit or loss. |
Goodwill | (e) Goodwill Goodwill represents the excess of: (i) the aggregate of the fair value of the consideration transferred, the amount of any non-controlling (ii) the net fair value of the acquiree’s identifiable assets and liabilities measured as of the acquisition date. When (ii) is greater than (i), then this excess is recognized immediately in profit or loss as a gain on a bargain purchase. Goodwill is stated at cost less accumulated impairment losses. Goodwill arising on a business combination is allocated to each cash-generating unit, or groups of cash-generating units, that is expected to benefit from the synergies of the combination and is tested annually for impairment (see note 2(j)). Each unit or groups of units to which the goodwill is allocated represents the lowest level within the Group at which the goodwill is monitored for internal management purpose. Goodwill is monitored at the operating segment level. On disposal of a cash-generating unit during the year, any attributable amount of purchased goodwill is included in the calculation of the gain or loss on disposal. |
Other intangible assets | (f) Other intangible assets Other intangible assets such as operating license and copyrights that are acquired by the Group are stated in the balance sheets at cost less accumulated amortization (where the estimated useful life is finite) and impairment losses (see note 2(j)). Amortization of intangible assets with finite useful lives is recorded in other operating expenses on a straight-line basis over the assets’ estimated useful lives, from the date they are available for use. Both the period and method of amortization are reviewed annually. Intangible assets are not amortized where their useful lives are assessed to be indefinite. The useful life of an intangible asset that is not being amortized is reviewed annually to determine whether events and circumstances continue to support the indefinite useful life assessment for that asset. Otherwise, the change in useful life assessment from indefinite to finite is accounted for prospectively from the date of change and in accordance with the policy for amortization of intangible assets with finite lives as set out above. |
Property, plant and equipment | (g) Property, plant and equipment Property, plant and equipment are stated in the balance sheets at cost less accumulated depreciation and impairment losses (see note 2(j)). The cost of property, plant and equipment comprises the purchase price and any directly attributable costs of bringing the asset to its working location and condition for its intended use. Subsequent expenditure relating to an item of property, plant and equipment that has already been recognized is added to the carrying amount of the asset when it is probable that future economic benefits, in excess of the originally assessed standard of performance of the existing asset, will flow to the entity. All other subsequent expenditure is recognized as an expense in the period in which it is incurred. Gains or losses arising from the retirement or disposal of an item of property, plant and equipment are determined as the difference between the net disposal proceeds and the carrying amount of the item and are recognized in profit or loss on the date of retirement or disposal. Depreciation is calculated to write off the cost of items of property, plant and equipment, less their estimated residual value, if any, using the straight-line method over their estimated useful lives as follows: Buildings 8 - 30 years Telecommunications transceivers, switching centers, transmission and other network equipment 5 - 10 years Office equipment, furniture, fixtures and others 3 - 10 years Both the assets’ useful lives and residual values, if any, are reviewed annually. |
Construction in progress | (h) Construction in progress Construction in progress is stated at cost less impairment losses (see note 2(j)). Cost comprises direct costs of construction as well as interest expense and exchange differences capitalized during the periods of construction and installation. Capitalization of these costs ceases and the construction in progress is transferred to property, plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. No depreciation is provided for in respect of construction in progress until it is completed and ready for its intended use. |
Leased assets | (i) Leased assets An arrangement, comprising a transaction or a series of transactions, is or contains a lease if the Group determines that the arrangement conveys a right to use a specific asset or assets for an agreed period of time in return for a payment or a series of payments. Such a determination is made based on an evaluation of the substance of the arrangement and is regardless of whether the arrangement takes the legal form of a lease. (i) Classification of assets leased to the Group Assets that are held by the Group under leases which transfer to the Group substantially all the risks and rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially all the risks and rewards of ownership to the Group are classified as operating leases. (ii) Assets acquired under finance leases Where the Group acquires the use of assets under finance leases, the amounts representing the fair value of the leased asset, or, if lower, the present value of the minimum lease payments of such assets is included in property, plant and equipment and the corresponding liabilities, net of finance charges, are recorded as obligations under finance leases. Depreciation is provided for at rates, which write off the cost of the assets over the term of the relevant lease or, where it is likely the Group will obtain ownership of the asset, the useful life of the asset as set out in note 2(g). Impairment losses are accounted for in accordance with the accounting policy as set out in note 2(j). Finance charges implicit in the lease payments are charged to profit or loss over the period of the leases so as to produce an approximately constant periodic rate of charge on the remaining balance of the obligations for each accounting period. Contingent rentals are charged to profit or loss in the accounting period in which they are incurred. (iii) Leased lines and network assets and operating lease charges Where the Group has the use of assets held under operating leases, payments made under the leases are charged to profit or loss in equal instalments over the accounting periods covered by the lease term, except where an alternative basis is more representative of the time pattern of benefits to be derived from the leased asset. Lease incentives received are recognized in profit or loss as an integral part of the aggregate net lease payments made. Contingent rentals are charged to profit or loss in the accounting period in which they are incurred. The cost of acquiring land held under an operating lease is amortized on a straight-line basis over the period of the lease term. |
Impairment of non-financial assets | (j) Impairment of non-financial (i) Impairment of investments accounted for using the equity method Investments accounted for using the equity method are reviewed at the end of each reporting period to determine whether there is objective evidence of impairment. Objective evidence of impairment includes observable data that comes to the attention of the Group about one or more of the following loss events: – significant financial difficulty of the entity; – a breach of contract, such as a default or delinquency in interest or principal payments; – it becoming probable that the entity will enter bankruptcy or other financial reorganization; – significant changes in the technological, market, economic or legal environment that have an adverse effect on the entity; and – decline in the fair value of an investment in an equity instrument below its cost. If any such evidence exists, the impairment loss is measured by comparing the recoverable amount of the investment with its carrying amount in accordance with note 2(j)(ii). The impairment loss is reversed if there has been a favorable change in the estimates used to determine the recoverable amount in accordance with note 2(j)(ii). (ii) Impairment of other assets Internal and external sources of information are reviewed at the end of each reporting period to identify indications that the following assets may be impaired or, except in the case of goodwill and other intangible assets with indefinite useful lives, an impairment loss previously recognized no longer exists or may have decreased: – property, plant and equipment; – construction in progress; – prepaid interests in leasehold land classified as being held under an operating lease; – investments in subsidiaries; – goodwill; and – other intangible assets. If any such indication exists, the asset’s recoverable amount is estimated. For goodwill and other intangible assets that have indefinite useful lives, the recoverable amount is estimated annually whether or not there is any indication of impairment. – Calculation of recoverable amount The recoverable amount of an asset is the higher of its fair value less costs of disposal and value in use (“VIU”). In assessing VIU, the estimated future cash flows are discounted to their present value using a pre-tax – Recognition of impairment losses An impairment loss is recognized in profit or loss if the carrying amount of an asset, or the cash-generating unit to which it belongs, exceeds its recoverable amount. Impairment losses recognized in respect of cash-generating units are allocated first to reduce the carrying amount of any goodwill allocated to the cash-generating unit (or group of units) and then, to reduce the carrying amount of the other assets in the unit (or group of units) on a pro rata basis, except that the carrying value of an asset will not be reduced below its individual fair value less costs of disposal, or VIU, if determinable. – Reversals of impairment losses In respect of assets other than goodwill, an impairment loss is reversed if there has been a favorable change in the estimates used to determine the recoverable amount. An impairment loss in respect of goodwill is not reversed. A reversal of an impairment loss is limited to the asset’s carrying amount that would have been determined had no impairment loss been recognized in prior years. Reversals of impairment losses are credited to profit or loss in the year in which the reversals are recognized. |
Inventories | (k) Inventories Inventories are carried at the lower of cost and net realizable value. Cost represents purchase cost of goods calculated using the weighted average cost method. Net realizable value is determined by reference to the sales proceeds of items sold in the ordinary course of business or to management’s estimates based on prevailing market conditions. When inventories are sold, the carrying amount of those inventories is recognized as cost of products sold. The amount of any write-down of inventories to net realizable value and all losses of inventories are recognized as an expense in the period the write-down or loss occurs. The amount of any reversal of any write-down of inventories, arising from an increase in net realizable value, is recognized as a reduction in the amount of inventories recognized as an expense in the period in which the reversal occurs. No reversal of any write-down of inventories occurred during the years presented. |
Investments and other financial assets | (l) Investments and other financial assets Recognition and derecognition Regular way purchases and sales of financial assets are recognized on trade-date, the date on which the Group commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership. Classification From January 1, 2018 onwards, the Group classifies its financial assets, depending on the Group’s business model for managing the financial assets and the contractual terms of the related cash flows, under the following measurement categories: • those to be measured at amortized cost, and • those to be measured at fair value (either through other comprehensive income, or through profit or loss). Measurement At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at FVPL, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. (i) The Group’s financial assets measured at amortized cost represent those financial assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest. Interest from these financial assets is included in interest income using the effective interest rate method. Any gain or loss arising on derecognition is recognized directly in profit or loss and presented in other gains together with foreign exchange gains and losses. Impairment losses are presented in other operating expenses. (ii) For equity instruments that are not held for trading, the Group has made an irrevocable election at the time of initial recognition to account for these equity investments at FVOCI. There is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investments. Dividends from such investments continue to be recognized in profit or loss when the Group’s right to receive payments is established. (iii) Assets that do not meet the criteria for amortized cost or are not elected/classified as FVOCI are classified as FVPL. A gain or loss on a financial instrument that is subsequently measured at FVPL is recognized in profit or loss and presented net within interest and other income in the period in which it arises. Impairment From January 1, 2018, the Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortized cost. The Group has adopted the simplified expected credit loss model for its accounts receivable and contract assets, which requires expected lifetime losses to be recognized from their initial recognition. For other debt instruments carried at amortized cost, which have low credit risk at both the beginning and end of the reporting period, the Group adopted the expected credit loss model. The impairment methodology applied depends on whether there has been a significant increase in credit risk. Financial assets are written off when the Group is satisfied that recovery is remote. When loans or receivables have been written off, the Group continues to attempt to recover the receivable due. When recoveries are made, the recovered amount is recognized in profit or loss. Accounting policies applied until December 31, 2017 The Group has retrospectively applied IFRS 9, but has elected not to restate comparative information. As a result, the comparative information provided continues to be accounted for in accordance with the Group’s previous accounting policy. Until December 31, 2017, the Group classifies its financial assets in the following categories: • Financial assets at fair value through profit or loss; • Held-to-maturity • Loans and receivables; and • Available-for-sale The classification determined on the purpose for which the investments were acquired. Management determined the classification of its investments at initial recognition. The Group assessed at the end of each reporting period whether there was objective evidence that a financial asset or group of financial assets was impaired. A financial asset or a group of financial assets was impaired and impairment losses were incurred only if there was objective evidence of impairment as a result of one or more loss events and that loss event (or events) had an impact on the estimated future cash flows of the financial asset or group of financial assets that could be reliably estimated. If any such evidence exists, any impairment loss is determined and recognized as follows: – For unquoted equity securities carried at cost, the impairment loss is measured as the difference between the carrying amount of the financial asset and the estimated future cash flows, discounted at the current market rate of return for a similar financial asset where the effect of discounting is material. Impairment losses for such equity securities are not reversed. – For debt instruments classified as available-for-sale available-for-sale available-for-sale – For trade and other current receivables carried at amortized cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate (i.e. the effective interest rate computed at initial recognition of these assets), where the effect of discounting is material. This assessment is made collectively where these financial assets share similar risk characteristics, such as similar past due status, and have not been individually assessed as impaired. Future cash flows for financial assets which are assessed for impairment collectively are based on historical loss experience for assets with credit risk characteristics similar to the collective group. If in a subsequent period the amount of an impairment loss decreases and the decrease can be linked objectively to an event occurring after the impairment loss was recognized, the impairment loss is reversed through profit or loss. A reversal of an impairment loss shall not result in the asset’s carrying amount exceeding that which would have been determined had no impairment loss been recognized in prior years. Impairment losses are written off against the corresponding assets directly, except for impairment losses recognized in respect of debtors included within trade and other receivables, whose recovery is considered doubtful but not remote. In this case, the impairment losses for doubtful debts are recorded using an allowance account. When the Group is satisfied that recovery is remote, the amount considered irrecoverable is written off against trade debtors directly and any amounts held in the allowance account relating to that debt are reversed. Subsequent recoveries of amounts previously charged to the allowance account are reversed against the allowance account. Other changes in the allowance account and subsequent recoveries of amounts previously written off directly are recognized in profit or loss. |
Accounts receivable and other receivables | (m) Accounts receivable and other receivables Accounts receivable and other receivables are initially recognized at fair value and thereafter stated at amortized cost using the effective interest method less loss allowance for impairment loss of accounts receivable and other receivables (see note 2(l)), except where the effect of discounting would be immaterial. |
Cash and cash equivalents | (n) Cash and cash equivalents Cash and cash equivalents comprise bank deposits with original maturity within three months, cash at banks and in hand, demand deposits with banks, and short-term, highly liquid investments that are readily convertible into known amounts of cash and which are subject to an insignificant risk of changes in value, having been within three months of maturity at acquisition. |
Accounts payable and other payables | (o) Accounts payable and other payables Accounts payable and other payables are initially recognized at fair value and subsequently stated at amortized cost unless the effect of discounting would be immaterial. |
Deferred revenue | (p) Deferred revenue Deferred revenue consists primarily of contract liability which is from the excess of the cumulative consideration received or receivables from the contracted customer over the cumulative revenue, mainly including prepaid service fees received from customers which are generally not refundable and revenue deferred for unredeemed point rewards under customer point reward program (“Reward Program”). |
Interest-bearing borrowings | (q) Interest-bearing borrowings Interest-bearing borrowings are recognized initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest-bearing borrowings are stated at amortized cost with any difference between the amount initially recognized and redemption value being recognized in profit or loss over the period of the borrowings, together with any interest and fees payable, using the effective interest method. |
Revenue recognition from contracts with customers | (r) Revenue recognition from contracts with customers The Group mainly provides voice, data and other telecommunications services and sells telecommunication related products to its customers through entering into contracts that are either cancellable on monthly basis or for a fixed contract period generally with prepayment term and/or penalty for early termination. For the telecommunications services (such as voice and data services), telecommunication related products (such as handsets), customer point rewards and/or other promotional goods/services provided by the Group, if the customer can benefit from the goods or services and the Group’s promise to transfer the services or products is separately identifiable, the Group identifies them as separate performance obligations. Revenue is measured at the transaction price which is the amount of consideration to which the Group is entitled in exchange for transferring promised performance obligations to the customer excluding amounts collected on behalf of third parties. The amount of consideration is generally explicitly stated in the contract and does not include significant financing component. The Group may provide cash subsidies to third party agents in respect of specific telecommunications service contracts obtained via the agents. As the cash subsidies are ultimately enjoyed by end customers via the indirect sales channel, they represent consideration payable to customers and accounted for as a reduction of the transaction price. When control of a service or product is transferred to a customer, revenue is generally recognized using an output method in profit or loss as follows: (i) Revenue for each performance obligation is recognized when the Group satisfies the performance obligation by transferring the promised goods or services to a customer. Generally, revenue is recognized when the customer obtains the control of the telecommunications services over the time of provision of the services. Revenue is recognized when a customer obtains the control of the product at a point of time. (ii) For contracts which include the provision of multiple performance obligations including services, products and/or customer point rewards, the Group allocates the transaction price to each performance obligation based on the relative stand-alone selling price. The stand-alone selling price of products and services are mainly based on its observable selling price. The standalone selling price of each point in the customer point rewards is based on its fair value. Revenue for each performance obligation is then recognized when the control of the promised goods or services transfers to the customer. (iii) The Group usually controls the services and the products it provided before they are transferred to the customer. In certain situations, the Group would consider the primary responsibilities in the arrangement, the establishment of selling price, and the inventory risks to determine if the Group is acting as a principal or agent. If the Group has assessed and concluded that it does not obtain the control of a specified good before transferring to the customer, the Group is acting as agent in satisfying a performance obligation, and the revenue is recognized in the net amount of any fee or commission to which it expects to be entitled from another party. The Group has both pre-paid non-current Non-current non-current Incremental costs incurred to obtain a contract, which mainly comprise sales commissions payable to third party agents, are amortized on straight-line basis over the expected life of the customer contract and recorded in selling expense, if recoverable. When the expected amortization period is one year or less, the Group utilizes the practical expedient and expenses the costs as incurred. Capitalized incremental costs incurred to obtain a contract is recorded as other non-current Cost incurred to fulfil a contract represents the cost directly related to the Group’s telecommunications service contracts which are not within the scope of another accounting standard. The amount is amortized based on straight-line basis over the expected life of the customer contract and recorded as other operating expense, if recoverable. Capitalized cost incurred to fulfil a contract is recorded as other non-current Accounting policies applied until December 31, 2017 Revenue is measured at the fair value of the consideration received or receivable. Provided it is probable that the economic benefits will flow to the Group and the revenue and costs, if applicable, can be measured reliably, revenue is recognized in profit or loss as follows: (i) revenue derived from voice and data services are recognized when the service is rendered; (ii) sales of products are recognized when the title is passed to the buyer; (iii) for offerings which include the provision of services and sale of mobile handset, the Group determines the revenue from the sale of the mobile handset by deducting the fair value of the service element from the total contract consideration; and (iv) for transactions which offer customer points reward when services are provided, the consideration allocated to the customer points reward is based on its fair value which is deducted from revenue and recorded as deferred revenue when the rewards are granted and recognized as revenue when the points are redeemed or expired. |
Interest income | (s) Interest income Interest income is recognized as it accrues using the effective interest method. |
Income tax | (t) Income tax Income tax for the year comprises current tax and movements in deferred tax assets and liabilities. Current tax and movements in deferred tax assets and liabilities are recognized in profit or loss except items recognized in other comprehensive income or directly in equity, in which case the relevant amounts of tax are recognized in other comprehensive income or directly in equity, respectively. Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years. Deferred tax assets and liabilities arise from deductible and taxable temporary differences respectively, being the differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases. Deferred tax assets also arise from unused tax losses and unused tax credits. Apart from certain limited exceptions, all deferred tax liabilities, and all deferred tax assets to the extent that it is probable that future taxable profits will be available against which the asset can be utilized, are recognized. Future taxable profits that may support the recognition of deferred tax assets arising from deductible temporary differences include those that will arise from the reversal of existing taxable temporary differences, provided those differences relate to the same taxation authority and the same taxable entity, and are expected to reverse either in the same period as the expected reversal of the deductible temporary difference or in periods into which a tax loss arising from the deferred tax asset can be carried back or forward. The same criteria are adopted when determining whether existing taxable temporary differences support the recognition of deferred tax assets arising from unused tax losses and credits, that is, those differences are taken into account if they relate to the same taxation authority and the same taxable entity, and are expected to reverse in a period, or periods, in which the tax loss or credit can be utilized. The limited exceptions to recognition of deferred tax assets and liabilities are those temporary differences arising from initial recognition of goodwill, the initial recognition of assets or liabilities that affect neither accounting nor taxable profit (provided they are not part of a business combination), and temporary differences relating to investments in subsidiaries and associates to the extent that, in the case of taxable temporary differences, the Group controls the timing of the reversal and it is probable that the differences will not reverse in the foreseeable future, or in the case of deductible differences, unless it is probable that they will reverse in the future. The amount of deferred tax recognized is measured based on the expected manner of realization or settlement of the carrying amount of the assets and liabilities, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted. The carrying amount of a deferred tax asset is reviewed at the end of each reporting period and is reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow the related tax benefit to be utilized. Any such reduction is reversed to the extent that it becomes probable that sufficient taxable profits will be available. Current tax balances and deferred tax balances, and movements therein, are presented separately from each other and are not offset. Current tax assets are offset against current tax liabilities, and deferred tax assets against deferred tax liabilities, if the Group has the legally enforceable right to set off current tax assets against current tax liabilities and the following additional conditions are met: – in the case of current tax assets and liabilities, the Group intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously; or – in the case of deferred tax assets and liabilities, if they relate to income taxes levied by the same taxation authority on either: – the same taxable entity; or – different taxable entities, which, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered, intend to realize the current tax assets and settle the current tax liabilities on a net basis or realize and settle simultaneously. |
Provisions and contingent liabilities | (u) Provisions and contingent liabilities Provisions are recognized for liabilities of uncertain timing or amount when the Group has a legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and the amount can be estimated reliably. Where the time value of money is material, provisions are stated at the present value of the expenditures expected to settle the obligation. Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic benefits is remote. Possible obligations, whose existence will only be confirmed by the occurrence or non-occurrence |
Employee benefits | (v) Employee benefits (i) Short-term employee benefits and contributions to defined contribution retirement plans Salaries, annual bonuses, paid annual leave, leave passage, contributions to defined contribution retirement plans and the cost of non-monetary The Company and subsidiaries incorporated in Hong Kong are required to make contributions to Mandatory Provident Funds under the Hong Kong Mandatory Provident Fund Schemes Ordinance. Such contributions are recognized as an expense in profit or loss as incurred. The employees of the subsidiaries in Mainland China participate in the defined contribution retirement plans managed by the local government authorities whereby the subsidiaries are required to contribute to the schemes at fixed rates of the employees’ salary costs. In addition to the local governmental defined contribution retirement plans, the subsidiaries also participate in a pension scheme launched by the Group managed by an independent insurance company whereby the subsidiaries are required to make contributions to the retirement plans at fixed rates of the employees’ salary costs or in accordance with the terms of the plans. The Group’s contributions to these plans are charged to profit or loss when incurred. The Company and subsidiaries have no obligations for the payment of retirement and other post-retirement benefits of staff other than the contributions described above. (ii) Share-based payments The fair value of share options granted to employees is recognized as an employee cost with a corresponding increase in a capital reserve within equity. The fair value is measured at grant date using the binomial lattice model, taking into account the terms and conditions upon which the options were granted. Where the employees have to meet vesting conditions before becoming unconditionally entitled to the options, the total estimated fair value of the options is spread over the vesting period, taking into account the probability that the options will vest. During the vesting period, the number of share options that is expected to vest is reviewed at each balance sheet date. Any resulting adjustment to the cumulative fair value recognized in prior years is credited/charged to the profit or loss for the year of the review, unless the original employee expenses qualify for recognition as an asset, with a corresponding adjustment to the capital reserve. On vesting date, the amount recognized as an expense is adjusted to reflect the actual number of share options that vest (with a corresponding adjustment to the capital reserve). The equity amount is recognized in the capital reserve until either the option is exercised (when it is transferred to the share capital account) or the option expires (when it is released directly to retained profits). In the Company’s balance sheets, share-based payment transactions in which the Company grants share options to subsidiaries’ employees are accounted for as an increase in value of investments in subsidiaries, which is eliminated on consolidation. (iii) Termination benefits Termination benefits are recognized when, and only when, the Group demonstrably commits itself to terminate employment which is without realistic possibility of withdrawal or to provide benefits as a result of voluntary redundancy by having a detailed formal plan which is without realistic possibility of withdrawal. |
Borrowing costs | (w) Borrowing costs Borrowing costs that are directly attributable to the acquisition, construction or production of an asset which necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of that asset. Other borrowing costs are expensed in the period in which they are incurred. The capitalization of borrowing costs as part of the cost of a qualifying asset commences when expenditure for the asset is being incurred, borrowing costs are being incurred and activities that are necessary to prepare the asset for its intended use or sale are in progress. Capitalization of borrowing costs is suspended or ceased when substantially all the activities necessary to prepare the qualifying asset for its intended use or sale are interrupted or completed. |
Translation of foreign currencies | (x) Translation of foreign currencies The functional currency of majority of the entities within the Group is RMB, which is the currency of the primary economic environment in which most of the Group’s entities operate. The Group adopted RMB as its presentation currency in the preparation of the consolidated financial statements. Foreign currency transactions during the year are translated at the foreign exchange rates ruling at the transaction dates. Monetary assets and liabilities denominated in currencies other than the functional currency are retranslated at the foreign exchange rates ruling at the balance sheet date. Exchange gains and losses are recognized in profit or loss. Non-monetary Non-monetary The results of overseas entities are translated into RMB at the exchange rates approximating the foreign exchange rate ruling at the dates of transactions. Balance sheet items are translated into RMB at the exchange rates ruling at the balance sheet date. The resulting currency translation differences are recognized in other comprehensive income and accumulated separately in equity in the exchange reserve. On disposal of an overseas entity, the cumulative amount of the currency translation differences relating to that particular foreign operation is reclassified from equity to profit or loss. For the purpose of the consolidated statements of cash flows, the cash flows of overseas entities within the Group are translated into RMB by using the exchange rates approximating the foreign exchange rate ruling at the dates of the cash flows. |
Related parties | (y) Related parties (a) A person, or a close member of that person’s family, is related to the Group if that person: (i) has control or joint control of the Group; (ii) has significant influence over the Group; or (iii) is a member of the key management personnel of the Group or the Group’s parent. (b) An entity is related to the Group if any of the following conditions applies: (i) The entity and the Group are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others); (ii) One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member); (iii) Both entities are joint ventures of the same third party; (iv) One entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v) The entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group; (vi) The entity is controlled or jointly controlled by a person identified in note 2(y)(a); or (vii) A person identified in note 2(y)(a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity). Close members of the family of a person are those family members who may be expected to influence, or be influenced by, that person in their dealings with the entity. |
Segment reporting | (z) Segment reporting An operating segment is a component of the Group that engages in business activities from which the Group may earn revenue and incur expenses, and is identified on the basis of the internal financial reports that are provided to and regularly reviewed by the Group’s Chief Operating Decision Maker (“CODM”) in order to allocate resources and assess performance of the segment. The CODM has been identified as the Executive Directors of the Company. For the years presented, the Group as a whole is an operating segment since the Group is only engaged in telecommunications and related businesses. No geographical information has been disclosed as the majority of the Group’s operating activities are carried out in Mainland China. The Group’s assets located and operating revenue derived from activities outside Mainland China are less than 5% of the Group’s assets and operating revenue, respectively. |
Dividend distribution | (aa) Dividend distribution Dividend distribution to the Company’s shareholders is recognized as a liability in the Group’s and the Company’s financial statements in the period in which the dividends are approved by the Company’s shareholders or directors, where appropriate. |
Significant Accounting Polici_3
Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Estimated Useful Lives of Property, Plant and Equipment | Depreciation is calculated to write off the cost of items of property, plant and equipment, less their estimated residual value, if any, using the straight-line method over their estimated useful lives as follows: Buildings 8 - 30 years Telecommunications transceivers, switching centers, transmission and other network equipment 5 - 10 years Office equipment, furniture, fixtures and others 3 - 10 years Both the assets’ useful lives and residual values, if any, are reviewed annually. |
Changes in Accounting Policies
Changes in Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Consolidated Balance Sheet (Extract) | Consolidated Balance Sheets (Extract) December 31, Changes in Changes in January 1, Million Million Million Million Assets Non-current Investments accounted for using the equity method 132,499 (2,194 ) — 130,305 Deferred tax assets 33,343 24 (2,879 ) 30,488 Financial assets at fair value through other comprehensive income — 44 — 44 Available-for-sale 44 (44 ) — — Other non-current — — 6,469 6,469 963,917 (2,170 ) 3,590 965,337 Current assets Contract assets — — 4,139 4,139 Accounts receivable 24,153 (195 ) — 23,958 Financial assets at fair value through profit or loss — 65,630 — 65,630 Available-for-sale 65,630 (65,630 ) — — 558,196 (195 ) 4,139 562,140 Total assets 1,522,113 (2,365 ) 7,729 1,527,477 December 31, Changes in Changes in January 1, Equity and liabilities Liabilities Current liabilities Accrued expenses and other payables 190,866 — (782 ) 190,084 Deferred revenue 85,282 — (385 ) 84,897 529,982 — (1,167 ) 528,815 Total liabilities 533,232 — (1,167 ) 532,065 Equity Reserves 583,506 (2,365 ) 8,896 590,037 Total equity 988,881 (2,365 ) 8,896 995,412 Total equity and liabilities 1,522,113 (2,365 ) 7,729 1,527,477 |
Summary of Effects Arising from Initial Application of IFRS 15 | Consolidated Statements of Comprehensive Income (Extract) 2018 As reported Adjustments Amounts without Million Operating revenue Revenue from telecommunications services 670,907 10,833 681,740 Revenue from sales of products and others 65,912 (5,821 ) 60,091 Operating expenses Selling expenses 60,326 6,048 66,374 Cost of products sold 66,231 847 67,078 Other operating expenses 174,229 54 174,283 Consolidated Balance Sheets (Extract) As of December 31, 2018 As reported Adjustments Balances without Assets Non-current Deferred tax assets 29,654 3,301 32,955 Other non-current 8,442 (8,442 ) — Current assets Contract assets 5,022 (5,022 ) — Equity and liabilities Liabilities Current liabilities Accrued expenses and other payables 195,572 68 195,640 Deferred revenue 63,185 177 63,362 Equity Reserves 650,275 (10,408 ) 639,867 |
Operating Revenue (Tables)
Operating Revenue (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Disaggregation of operating revenue | 2018 2017 2016 Million Million Million Revenue from telecommunications services Voice services 108,083 156,918 209,949 Data services 542,083 493,350 394,937 Others 20,741 18,083 18,536 670,907 668,351 623,422 Revenue from sales of products and others 65,912 72,163 84,999 736,819 740,514 708,421 |
Summary of Contract Assets | The Group has recognized the following assets related to contract with customers: As of As of Note December 31, 2018 January 1, 2018 Million Million Contract assets (i) 6,489 5,654 Less: current portion (5,022 ) (4,139 ) Non-current non-current 1,467 1,515 Contract costs incurred to obtain a contract recorded in other non-current (ii) 6,880 4,924 Contract costs incurred to fulfil a contract recorded in other non-current 95 30 Other non-current 8,442 6,469 |
Summary of Significant Changes in Contract Assets Relating to Contracts with Customers | Contract assets Gross Loss Million Million As of January 1, 2018 5,957 (303 ) Increase resulting from satisfaction of performance obligation 7,325 — Reclassified to accounts receivable (6,451 ) — Net impairment loss of contract assets — (39 ) As of December 31, 2018 6,831 (342 ) (ii) The capitalized amount of contract costs incurred to obtain contracts was RMB9,620 million for the year ended December 31, 2018. The amount of amortization was RMB7,664 million for contract costs incurred to obtain contracts. As of December 31, 2018, the management performed impairment test for the contract costs incurred to obtain contracts and determined such impairment was not significant. |
Employee Benefit and Related _2
Employee Benefit and Related Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Employee Benefit and Related Expenses | 2018 2017 2016 Million Million Million Salaries, wages, labor service expenses and other benefits 81,843 74,427 69,546 Retirement costs: contributions to defined contribution retirement plans 12,096 11,086 9,917 93,939 85,513 79,463 |
Other Operating Expenses (Table
Other Operating Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Operating Expenses | 2018 2017 2016 Note Million Million Million Maintenance 54,569 55,737 53,852 Impairment loss of doubtful accounts 4,635 3,392 3,734 Write-down of inventories 155 297 282 Amortization of other intangible assets 1,609 515 499 Operating lease charges - land and buildings 11,439 11,453 11,628 - others (i) 4,663 3,698 4,248 Loss/(gain) on disposal of property, plant and equipment 8 8 (180 ) Write-off 1,250 12,593 7,216 Power and utilities expenses 32,032 30,518 29,461 Operation support and research and development expenses (ii) 44,001 38,016 32,296 Auditors’ remuneration - audit services (iii) 108 107 103 - tax services 3 3 1 - other services 6 12 9 Others (iv) 19,751 25,894 23,924 174,229 182,243 167,073 Note: (i) Other operating lease charges represent the operating lease charges for motor vehicles, computer and other office equipment. (ii) Operation support and research and development expenses mainly include support expenses for new business operation, research and development cost for new technology evolution, amortization of testing equipment, and other related costs. (iii) Audit services include reporting on the Group’s internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act of the United States of America with the service fee amount of RMB22 million (2017: RMB22 million; 2016: RMB22 million). (iv) Others consist of administrative expenses, property management expenses, taxes and surcharges, and other miscellaneous expenses. |
Other Gains (Tables)
Other Gains (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Gains | 2018 2017 2016 Million Million Million Compensation income 1,184 1,118 764 Others 1,722 1,271 1,204 2,906 2,389 1,968 |
Interest and Other Income (Tabl
Interest and Other Income (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary Of Interest and Other Income | 2018 2017 2016 Million Million Million Interest income from bank deposits 11,443 12,884 14,714 Fair value gains recognized 4,442 2,999 1,291 15,885 15,883 16,005 |
Finance Costs (Tables)
Finance Costs (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Finance Costs | 2018 2017 2016 Million Million Million Interest on short-term deposits received (note 33(a)) 142 21 7 Interest on bonds — 187 228 Others 2 2 — 144 210 235 |
Directors' Remuneration (Tables
Directors' Remuneration (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Directors' Remuneration | Directors’ remuneration during 2018 is as follows: Directors’ ’000 Salaries, Contributions ’000 2018 Executive directors (Expressed in RMB) YANG Jie 1 — — — — SHANG Bing 2 — 867 134 1,001 LI Yue (Chief Executive Officer) — 1,000 163 1,163 SHA Yuejia 3 — 745 104 849 DONG Xin 4 — 890 157 1,047 — 3,502 558 4,060 Independent non-executive WONG Kwong Shing, Frank * 177 — — 177 CHENG Mo Chi, Moses 460 — — 460 CHOW Man Yiu, Paul 455 — — 455 YIU Kin Wah, Stephen ** 417 — — 417 YANG Qiang *** — — — — 1,509 — — 1,509 Directors’ remuneration during 2017 is as follows: Directors’ ’000 Salaries, Contributions ’000 2017 Executive directors (Expressed in RMB) SHANG Bing 2 — 781 123 904 LI Yue (Chief Executive Officer) — 781 151 932 LIU Aili 5 — 592 110 702 SHA Yuejia 3 — 702 148 850 DONG Xin 4 — 695 145 840 — 3,551 677 4,228 Independent non-executive WONG Kwong Shing, Frank * 470 — — 470 CHENG Mo Chi, Moses 460 — — 460 CHOW Man Yiu, Paul 455 — — 455 YIU Kin Wah, Stephen ** 255 — — 255 1,640 — — 1,640 Directors’ remuneration during 2016 is as follows: Directors’ ’000 Salaries, Contributions ’000 2016 Executive directors (Expressed in RMB) SHANG Bing 2 — 498 122 620 LI Yue (Chief Executive Officer) — 717 147 864 LIU Aili 5 — 662 141 803 XUE Taohai 6 — 646 143 789 SHA Yuejia 3 — 662 141 803 — 3,185 694 3,879 Independent non-executive LO Ka Shui **** 130 — — 130 WONG Kwong Shing, Frank * 470 — — 470 CHENG Mo Chi, Moses 452 — — 452 CHOW Man Yiu, Paul 405 — — 405 1,457 — — 1,457 1 Mr. YANG Jie has been appointed as an executive director and the chairman of the Company with effect from March 21, 2019. 2 Mr. SHANG Bing has resigned from his positions as an executive director and the chairman of the Company with effect from March 4, 2019. 3 Mr. SHA Yuejia resigned from his position as executive director of the Company with effect from May 17, 2018. 4 Mr. DONG Xin was appointed as an executive director of the Company with effect from March 23, 2017. 5 Mr. LIU Aili resigned from his position as executive director of the Company with effect from September 29, 2017. 6 Mr. XUE Taohai resigned from the position as executive director of the Company with effect from March 23, 2017. * Mr. Frank WONG Kwong Shing resigned from the role of independent non-executive ** Mr. Stephen YIU Kin Wah was appointed as an independent non-executive director of the Company with effect from March 23, 2017. *** Dr. YANG Qiang has been appointed as an independent non-executive **** Mr. LO Ka Shui resigned from the position as independent non-executive |
Individuals with Highest Emol_2
Individuals with Highest Emoluments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Emoluments Payable to the Five Individuals with Highest Emoluments | The emoluments payable to the five individuals with highest emoluments during 2016, 2017 and 2018 are as follows: 2018 2017 2016 ’000 ’000 ’000 Salaries, allowances and benefits in kind 6,579 5,259 5,602 Performance related bonuses 4,208 4,014 2,029 Retirement scheme contributions 156 158 157 10,943 9,431 7,788 |
Emoluments by Bands | The emoluments fell within the following bands: 2018 2017 2016 Number of Number of Number of Emolument bands 1,500,001 - 2,000,000 — 3 5 2,000,001 - 2,500,000 5 2 — |
Taxation (Tables)
Taxation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Taxation in Consolidated Statements of Comprehensive Income | (a) Taxation in the consolidated statements of comprehensive income represents: 2018 2017 2016 Note Million Million Million Current tax Provision for the PRC enterprise income tax on the estimated taxable profits for the year (i ) 34,395 36,945 39,709 Provision for Hong Kong profits tax on the estimated assessable profits for the year (ii ) 275 260 193 34,670 37,205 39,902 Deferred tax Origination and reversal of temporary differences, net (note 20) 1,274 (3,482 ) (4,279 ) 35,944 33,723 35,623 Note: (i) The provision for the PRC enterprise income tax is based on the statutory tax rate of 25% (2017: 25%; 2016: 25%) on the estimated taxable profits determined in accordance with the relevant income tax rules and regulations of the PRC for the year ended December 31, 2018. Certain subsidiaries of the Company enjoy the preferential tax rate of 15% (2017: 15%; 2016: 15%). (ii) The provision for Hong Kong profits tax is calculated at 16.5% (2017: 16.5%; 2016: 16.5%) of the estimated assessable profits for the year ended December 31, 2018. (iii) Pursuant to the “Notice regarding Matters on Determination of Tax Residence Status of Chinese-controlled Offshore Incorporated Enterprises under Rules of Effective Management” issued by SAT in 2009 (“2009 Notice”), the Company is qualified as a PRC offshore-registered resident enterprise. Accordingly, the dividend income of the Company from its subsidiaries in the PRC is exempted from PRC enterprise income tax. |
Reconciliation Between Income Tax Expense and Accounting Profit at Applicable Tax Rates | (b) Reconciliation between income tax expense and accounting profit at applicable tax rates: 2018 2017 2016 Million Million Million Profit before taxation 153,895 148,137 144,462 Notional tax on profit before tax, calculated at the PRC’s statutory tax rate of 25% (Note) 38,474 37,034 36,116 Tax effect of non-taxable - Income from investments accounted for using the equity method (3,465 ) (2,487 ) (2,159 ) - Interest and other income (131 ) (41 ) (22 ) Tax effect of non-deductible 604 772 798 Tax effect of non-deductible 85 70 76 Rate differential of certain PRC operations (note 12(a)(i)) (1,835 ) (2,317 ) (1,580 ) Rate differential on Hong Kong operations (note 12(a)(ii)) (189 ) (182 ) (133 ) Tax effect of deductible temporary difference for which no deferred tax asset was recognized 1,414 154 1,562 Tax effect of deductible tax loss for which no deferred tax asset was recognized 1,267 818 1,349 Others (280 ) (98 ) (384 ) Taxation 35,944 33,723 35,623 Note: The PRC’s statutory tax rate is adopted as the majority of the Group’s operations are subject to this rate. |
Tax Credited/(Charged) Relating to Components of Other Comprehensive Income | (c) The tax (charged)/credited relating to components of other comprehensive income is as follows: 2018 2017 2016 Before Tax After Before Tax After Before Tax After Million Million Million Million Million Million Million Million Million Change in value of available-for-sale — — — (7 ) 2 (5 ) 32 (8 ) 24 Change in value of financial assets at FVOCI (168 ) — (168 ) — — — — — — Currency translation differences 1,160 — 1,160 (735 ) — (735 ) 774 — 774 Share of other comprehensive income/(loss) of investments accounted for using the equity method 1,248 — 1,248 (1,038 ) — (1,038 ) (1,059 ) — (1,059 ) Other comprehensive income/(loss) 2,240 — 2,240 (1,780 ) 2 (1,778 ) (253 ) (8 ) (261 ) Current tax — — — Deferred tax — 2 (8 ) — 2 (8 ) |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Property, Plant and Equipment | Buildings Telecommunications Office Total Million Million Million Million Cost: As of January 1, 2017 136,923 1,286,267 22,991 1,446,181 Transferred from construction in progress 10,577 174,250 833 185,660 Other additions 820 962 1,193 2,975 Disposals (72 ) (181 ) (109 ) (362 ) Assets written-off (331 ) (38,971 ) (1,117 ) (40,419 ) Exchange differences (141 ) (359 ) (4 ) (504 ) As of December 31, 2017 147,776 1,421,968 23,787 1,593,531 As of January 1, 2018 147,776 1,421,968 23,787 1,593,531 Transferred from construction in progress 7,624 160,654 1,616 169,894 Other additions 257 465 1,504 2,226 Disposals (18 ) (1,304 ) (118 ) (1,440 ) Assets written-off (323 ) (33,168 ) (1,490 ) (34,981 ) Exchange differences 135 236 2 373 As of December 31, 2018 155,451 1,548,851 25,301 1,729,603 Accumulated depreciation and impairment: As of January 1, 2017 41,502 766,221 16,102 823,825 Charge for the year 5,695 143,026 1,227 149,948 Written back on disposals (58 ) (45 ) (105 ) (208 ) Assets written-off (299 ) (26,465 ) (1,068 ) (27,832 ) Exchange differences (20 ) (208 ) (3 ) (231 ) As of December 31, 2017 46,820 882,529 16,153 945,502 As of January 1, 2018 46,820 882,529 16,153 945,502 Charge for the year 5,625 145,504 1,480 152,609 Written back on disposals (15 ) (1,297 ) (116 ) (1,428 ) Assets written-off (290 ) (32,064 ) (1,372 ) (33,726 ) Exchange differences 18 131 1 150 As of December 31, 2018 52,158 994,803 16,146 1,063,107 Net book value: As of December 31, 2018 103,293 554,048 9,155 666,496 As of December 31, 2017 100,956 539,439 7,634 648,029 |
Construction in Progress (Table
Construction in Progress (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Construction in Progress | 2018 2017 Million Million As of January 1 78,112 89,853 Additions 163,962 173,919 Transferred to property, plant and equipment (169,894 ) (185,660 ) As of December 31 72,180 78,112 |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Goodwill | 2018 2017 Million Million Cost and carrying amount: As of January 1 and December 31 35,343 35,343 |
Subsidiaries (Tables)
Subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Investments accounted for using equity method [abstract] | |
Summary of Subsidiaries | The following list contains only the particulars of subsidiaries as of December 31, 2018, which principally affected the results, assets or liabilities of the Group. The class of shares held is ordinary unless otherwise stated. Place of Proportion of incorporation/ Particulars ownership interest establishment of issued and Held by the Held by a Name of company* and operation paid up capital Company subsidiary Principal activity China Mobile Communication (BVI) Limited British Virgin Islands (“BVI”) HK$1 100% — Investment holding company China Mobile Communication Co., Ltd. (“CMC”)** Mainland China RMB1,641,848,326 — 100% Network and business coordination center China Mobile Group Guangdong Co., Ltd. Mainland China RMB5,594,840,700 — 100% Telecommunications operator China Mobile Group Zhejiang Co., Ltd. Mainland China RMB2,117,790,000 — 100% Telecommunications operator China Mobile Group Jiangsu Co., Ltd. Mainland China RMB2,800,000,000 — 100% Telecommunications operator China Mobile Group Fujian Co., Ltd. Mainland China RMB5,247,480,000 — 100% Telecommunications operator China Mobile Group Henan Co., Ltd. Mainland China RMB4,367,733,641 — 100% Telecommunications operator China Mobile Group Hainan Co., Ltd. Mainland China RMB643,000,000 — 100% Telecommunications operator China Mobile Group Beijing Co., Ltd. Mainland China RMB6,124,696,053 — 100% Telecommunications operator China Mobile Group Shanghai Co., Ltd. Mainland China RMB6,038,667,706 — 100% Telecommunications operator China Mobile Group Tianjin Co., Ltd. Mainland China RMB2,151,035,483 — 100% Telecommunications operator China Mobile Group Hebei Co., Ltd. Mainland China RMB4,314,668,600 — 100% Telecommunications operator China Mobile Group Liaoning Co., Ltd. Mainland China RMB5,140,126,680 — 100% Telecommunications operator China Mobile Group Shandong Co., Ltd. Mainland China RMB6,341,851,146 — 100% Telecommunications operator China Mobile Group Guangxi Co., Ltd. Mainland China RMB2,340,750,100 — 100% Telecommunications operator China Mobile Group Anhui Co., Ltd. Mainland China RMB4,099,495,494 — 100% Telecommunications operator China Mobile Group Jiangxi Co., Ltd. Mainland China RMB2,932,824,234 — 100% Telecommunications operator China Mobile Group Chongqing Co., Ltd. Mainland China RMB3,029,645,401 — 100% Telecommunications operator Place of Proportion of incorporation/ Particulars ownership interest establishment of issued and Held by the Held by a Name of company* and operation paid up capital Company subsidiary Principal activity China Mobile Group Sichuan Co., Ltd. Mainland China RMB7,483,625,572 — 100% Telecommunications operator China Mobile Group Hubei Co., Ltd. Mainland China RMB3,961,279,556 — 100% Telecommunications operator China Mobile Group Hunan Co., Ltd. Mainland China RMB4,015,668,593 — 100% Telecommunications operator China Mobile Group Shaanxi Co., Ltd. Mainland China RMB3,171,267,431 — 100% Telecommunications operator China Mobile Group Shanxi Co., Ltd. Mainland China RMB2,773,448,313 — 100% Telecommunications operator China Mobile Group Neimenggu Co., Ltd. Mainland China RMB2,862,621,870 — 100% Telecommunications operator China Mobile Group Jilin Co., Ltd. Mainland China RMB3,277,579,314 — 100% Telecommunications operator China Mobile Group Heilongjiang Co., Ltd. Mainland China RMB4,500,508,035 — 100% Telecommunications operator China Mobile Group Guizhou Co., Ltd. Mainland China RMB2,541,981,749 — 100% Telecommunications operator China Mobile Group Yunnan Co., Ltd. Mainland China RMB4,137,130,733 — 100% Telecommunications operator China Mobile Group Xizang Co., Ltd. Mainland China RMB848,643,686 — 100% Telecommunications operator China Mobile Group Gansu Co., Ltd. Mainland China RMB1,702,599,589 — 100% Telecommunications operator China Mobile Group Qinghai Co., Ltd. Mainland China RMB902,564,911 — 100% Telecommunications operator China Mobile Group Ningxia Co., Ltd. Mainland China RMB740,447,232 — 100% Telecommunications operator China Mobile Group Xinjiang Co., Ltd. Mainland China RMB2,581,599,600 — 100% Telecommunications operator China Mobile Group Design Institute Co., Ltd. Mainland China RMB160,232,500 — 100% Provision of telecommunications network planning design and consulting services Place of Proportion of incorporation/ Particulars ownership interest establishment of issued and Held by the Held by a Name of company* and operation paid up capital Company subsidiary Principal activity China Mobile Holding Company Limited** Mainland China US$30,000,000 100% — Investment holding company China Mobile Information Technology Co., Ltd.** Mainland China US$7,633,000 — 100% Provision of roaming clearance, IT system operation, technology support services Aspire Holdings Limited Cayman Islands HK$93,964,583 66.41% — Investment holding company Aspire (BVI) Limited # BVI US$1,000 — 100% Investment holding company Aspire Technologies (Shenzhen) Limited** # Mainland China US$10,000,000 — 100% Technology platform development and maintenance Aspire Information Network (Shenzhen) Limited** # Mainland China US$5,000,000 — 100% Provision of mobile data solutions, system integration and development Aspire Information Technologies (Beijing) Limited** # Mainland China US$5,000,000 — 100% Technology platform development and maintenance Fujian FUNO Mobile Communication Technology Company Limited*** Mainland China US$3,800,000 — 51% Network construction and maintenance, network planning and optimizing, training and communication services Advanced Roaming & Clearing House Limited BVI US$2 100% — Provision of roaming clearance services Fit Best Limited BVI US$1 100% — Investment holding company China Mobile Hong Kong Company Limited Hong Kong HK$951,046,930 — 100% Provision of telecommunications and related services China Mobile International Holdings Limited Hong Kong HK$18,195,670,000 100% — Investment holding company China Mobile International Limited Hong Kong HK$6,400,000,000 — 100% Provision of voice and roaming clearance services, Internet services and value-added services China Mobile Group Device Co., Ltd. Mainland China RMB6,200,000,000 — 99.97% Provision of electronic communication products design and sale of related products Place of Proportion of incorporation/ Particulars ownership interest establishment of issued and Held by the Held by a Name of company* and operation paid up capital Company subsidiary Principal activity China Mobile Group Finance Co., Ltd. (“China Mobile Finance”) Mainland China RMB11,627,783,669 — 92% Provision of non-banking China Mobile IoT Company Limited Mainland China RMB2,500,000,000 — 100% Provision of network services China Mobile (Suzhou) Software Technology Co., Ltd. Mainland China RMB980,000,000 — 100% Provision of computer hardware and software research and development services China Mobile (Hangzhou) Information Technology Co., Ltd. Mainland China RMB1,250,000,000 — 100% Provision of computer hardware and software research and development services China Mobile Online Services Co., Ltd. Mainland China RMB50,000,000 — 100% Provision of call center services MIGU Company Limited Mainland China RMB7,000,000,000 — 100% Provision of Mobile Internet digital content services China Mobile TieTong Company Limited Mainland China RMB31,880,000,000 — 100% Provision of telecommunications services China Mobile Internet Company Limited Mainland China RMB2,700,000,000 — 100% Provision of value added telecommunications services China Mobile Investment Holdings Company Limited Mainland China RMB590,000,000 — 100% Investment holding company China Mobile Quantong System Integration Co., Ltd. Mainland China RMB550,000,000 — 100% Provision of computer system integration, construction, maintenance and related technology development services China Mobile (Chengdu) ICT Co., Ltd. Mainland China RMB200,000,000 — 100% Provision of Information technology products and technology research and development services China Mobile (Shanghai) ICT Co., Ltd. Mainland China RMB200,000,000 — 100% Provision of Information technology products and technology research and development services China Mobile Financial Technology Co., Ltd. Mainland China RMB500,000,000 — 100% Provision of e-payment, e-commerce * The nature of all the legal entities established in the Mainland China is limited liability company. ** Companies registered as wholly owned foreign enterprises in the Mainland China. *** Company registered as a sino-foreign equity joint venture in the Mainland China. # Effective interest held by the Group is 66.41%. |
Investments Accounted for Usi_2
Investments Accounted for Using the Equity Method (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Investments Accounted for Using the Equity Method | The amounts recognized in the consolidated balance sheets are as follows: As of As of As of December 31, January 1, December 31, (As restated) (Note 3) (As previously Million Million Million Associates 144,059 129,442 131,636 Joint ventures 1,266 863 863 145,325 130,305 132,499 |
Details of Principal Associates | Details of principal associates are as follows: Name of associate Place of Proportion of interest held Principal activity Listed company SPD Bank PRC 18% Provision of China Tower Corporation Limited (“China Tower”) PRC 28% Construction, telecommunications IFLYTEK Co., Ltd. (“IFLYTEK”) PRC 13% Provision of Chinese speech and True Corporation Public Company Limited (“True Corporation”) Thailand 18% Provision of telecommunications |
Summary Financial Information on Principal Associates | SPD Bank As of December 31 2018 2017 Million Million Total assets 6,289,606 6,137,240 Total liabilities 5,811,226 5,706,255 Total equity 478,380 430,985 Total equity attributable to ordinary equity shareholders 441,642 395,484 Percentage of ownership of the Group 18% 18% Total equity attributable to the Group 80,291 71,896 The impact of fair value adjustments at the time of acquisition, goodwill and others 6,660 6,663 Interest in associates 86,951 78,559 China Tower IFLYTEK True Corporation As of December 31 As of December 31 As of December 31 2018 2017 2018 2017 2018 2017 Million Million Million Million Million Million Total current assets 31,799 30,517 7,762 7,329 26,309 23,566 Total non-current 283,565 292,126 7,540 6,151 78,251 69,511 Total current liabilities 114,759 150,041 5,813 4,428 43,097 39,589 Total non-current 20,103 45,107 1,278 1,042 33,215 26,643 Total equity 180,502 127,495 8,211 8,010 28,248 26,845 Total equity attributable to equity shareholders 180,502 127,495 7,971 7,759 28,123 26,711 Percentage of ownership of the Group 28% 38% 13% 13% 18% 18% Total equity attributable to the Group 50,414 48,448 1,075 1,047 5,062 4,808 The impact of fair value adjustments at the time of acquisition, goodwill and others — — 812 805 2,851 2,664 Elimination of unrealized profits resulting from the transfer of Tower Assets and its realization (3,115 ) (4,856 ) — — — — Interest in associates 47,299 43,592 1,887 1,852 7,913 7,472 Note: The Group has recognized its share of SPD Bank’s and IFLYTEK’s comprehensive income for the year 2018 based on the unaudited financial information released and publicly disclosed by SPD Bank and IFLYTEK. On August 8, 2018, China Tower successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited and made an offering of 46,663,856,000 new ordinary shares (including both Hong Kong and International offerings with over-allotment option exercised) at a price of HK$1.26 per share. The Group’s shareholding in China Tower has been diluted from 38% to 28% and the gain as a result of equity interest dilution following the initial public offering of China Tower amounted to approximately RMB2,271 million was recorded in income from investments accounted for using the equity method. SPD Bank China Tower 2018 2017 2016 2018 2017 2016 Million Million Million Million Million Million Revenue 171,542 168,619 160,792 71,819 68,665 54,474 Profit/(loss) before taxation 65,284 69,828 69,975 3,475 2,685 (776 ) Profit/(loss) attributable to ordinary equity shareholders for the year 54,189 52,533 51,374 2,650 1,943 (575 ) Other comprehensive income/(loss) 6,979 (5,568 ) (5,480 ) — — — Total comprehensive income/(loss) 61,168 46,965 45,894 2,650 1,943 (575 ) Dividends received from associates 533 821 1,921 — — — IFLYTEK True Corporation 2018 2017 2016 2018 2017 2016 Million Million Million Million Million Million Revenue 7,917 5,458 3,320 33,214 28,262 23,520 Profit/(loss) before taxation 659 584 561 2,662 726 (437 ) Profit/(loss) attributable to ordinary equity shareholders for the year 542 428 484 1,444 465 (531 ) Other comprehensive (loss)/income 1 — — (46 ) 32 (87 ) Total comprehensive income/(loss) 543 428 484 1,398 497 (618 ) Dividends received from associates 18 18 18 39 — 5 |
Fair Value of Interests in Listed Associates | As of December 31, As of December 31, Carrying Fair Carrying Fair Million Million Million Million SPD Bank 86,951 52,282 78,559 67,166 China Tower 47,299 63,738 43,592 NA IFLYTEK 1,887 6,623 1,852 10,598 True Corporation 7,913 6,589 7,472 7,450 |
Deferred Tax Assets and Liabi_2
Deferred Tax Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Analysis of Deferred Tax Assets and Liabilities | The analysis of deferred tax assets and liabilities are as follows: As of As of Million Million Deferred tax assets: - Deferred tax asset to be recovered after 12 months 2,982 8,236 - Deferred tax asset to be recovered within 12 months 26,672 25,107 29,654 33,343 Deferred tax liabilities: - Deferred tax liabilities to be settled after 12 months (598 ) (258 ) - Deferred tax liabilities to be settled within 12 months (224 ) (104 ) (822 ) (362 ) |
Deferred Tax Assets and Liabilities Recognized and Movements During the Period | Deferred tax assets and liabilities recognized and the movements during 2018 As of Changes As of (Charged)/ Charged to Exchange As of 2018 Million Million Million Million Million Million Million Deferred tax assets arising from: Write-down for obsolete inventories 120 — 120 (45 ) — — 75 Write-off 7,082 — 7,082 (1,793 ) — — 5,289 Accrued operating expenses 18,934 — 18,934 (1,219 ) — — 17,715 Deferred revenue from Reward Program 5,943 — 5,943 (159 ) — — 5,784 Impairment loss of doubtful accounts 1,270 24 1,294 164 — — 1,458 Change in value of available-for-sale (6 ) 6 — — — — — Change in value of financial assets at FVOCI — (6 ) (6 ) — — — (6 ) Contract asset, contract liability and contract cost relating to customer contract — (2,879 ) (2,879 ) 2,218 — — (661 ) 33,343 (2,855 ) 30,488 (834 ) — — 29,654 Deferred tax liabilities arising from: Depreciation allowance in excess of related depreciation (362 ) — (362 ) (736 ) — (19 ) (1,117 ) Others — — — 296 — (1 ) 295 (362 ) — (362 ) (440 ) — (20 ) (822 ) Total 32,981 (2,855 ) 30,126 (1,274 ) — (20 ) 28,832 Deferred tax assets and liabilities recognized and the movements during 2017 As of (Charged)/ Credited to Exchange As of Million Million Million Million Million Deferred tax assets arising from: Write-down for obsolete inventories 175 (55 ) — — 120 Write-off 4,538 2,544 — — 7,082 Accrued operating expenses 17,969 965 — — 18,934 Deferred revenue from Reward Program 5,796 147 — — 5,943 Impairment loss for doubtful accounts 1,297 (27 ) — — 1,270 Change in value of available-for-sale (8 ) — 2 — (6 ) 29,767 3,574 2 — 33,343 Deferred tax liabilities arising from: Depreciation allowance in excess of related depreciation (292 ) (92 ) — 22 (362 ) Total 29,475 3,482 2 22 32,981 |
Fair Value Measurement of Fin_2
Fair Value Measurement of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Analysis of Fair Value Measurement of Financial Assets | Available-for-sale financial assets Equity WMP FVOCI FVPL As of December 31, 2017 44 65,630 — — Changes in accounting policy - IFRS 9 (44 ) (65,630 ) 44 65,630 As of January 1, 2018 (As restated) -Current portion — — — 65,630 -Non-current — — 44 — Addition — — 711 116,941 Maturity — — — (110,087 ) Fair value gains recognized in profit or loss — — — 4,442 Fair value gains recognized in other comprehensive income, before tax — — (168 ) — As of December 31, 2018 — — 587 76,926 Less: Current portion — — — (76,425 ) Non-current — — 587 501 Note: (i) The category of FVOCI is primarily the equity investments in listed companies that are not held for trading. The equity investments represent the Group’s investments in other companies at fair values (mainly level 1: quoted price (unadjusted) in active markets) through other comprehensive income as of December 31 and January 1, 2018. (ii) The category of FVPL mainly comprises WMPs. All the WMPs will mature within one year with variable return rates indexed to the performance of underlying assets. As of December 31 and January 1, 2018, they were measured at the fair value as level 3 of fair value hierarchy. The fair values were determined based on cash flow discounted assuming the expected return will be obtained upon maturity. |
Restricted Bank Deposits (Table
Restricted Bank Deposits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Restricted Bank Deposits | As of December 31, 2018 As of December 31, 2017 Non-current Current Total Non-current Current Total Million Million Million Million Million Million Restricted bank deposits - Statutory deposit reserves (Note) 4,486 — 4,486 3,453 — 3,453 - Deposited customer reserves (Note) 7,882 — 7,882 3,047 — 3,047 - Pledged bank deposits 1 9 10 4 691 695 12,369 9 12,378 6,504 691 7,195 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Inventories | As of As of December 31, December 31, Million Million SIM cards, handsets and other terminals 6,939 8,357 Other consumables 1,918 1,865 8,857 10,222 |
Accounts Receivable (Tables)
Accounts Receivable (Tables) - Trade receivables [member] | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Aging Analysis of Accounts Receivable, Net of Loss Allowance | Aging analysis of accounts receivable, net of loss allowance is as follows: As of As of December 31, December 31, Million Million Within 30 days 11,160 13,711 31 - 60 days 3,680 3,002 61 - 90 days 2,358 1,798 Over 90 days 9,342 5,642 26,540 24,153 |
Summary of Changes in Loss Allowance of Accounts Receivable | The following table summarizes the changes in loss allowance of accounts receivable: 2018 2017 Million Million As of January 1 (As previously reported) 5,668 5,762 Changes in accounting policy - IFRS 9 195 — As of January 1 (As restated) 5,863 5,762 Impairment loss recognized 4,480 3,415 Accounts receivable written off (3,074 ) (3,509 ) As of December 31 7,269 5,668 |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Cash and Cash Equivalents | As of As of December 31, December 31, Million Million Bank deposits with original maturity within three months 3,470 5,907 Cash at banks and on hand 53,832 114,729 57,302 120,636 |
Accounts Payable (Tables)
Accounts Payable (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Aging Analysis of Accounts Payable | The aging analysis of accounts payable is as follows: As of As of December 31, December 31, Million Million Payable in the periods below: Within 1 month or on demand 164,081 201,429 After 1 month but within 3 months 8,902 13,086 After 3 months but within 6 months 7,349 7,660 After 6 months but within 9 months 3,411 2,761 After 9 months but within 12 months 7,104 8,233 190,847 233,169 |
Deferred Revenue (Tables)
Deferred Revenue (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Deferred Revenue | Deferred revenue primarily includes prepaid service fees received from customers and unredeemed point rewards. 2018 2017 Million Million As of January 1 (As previously reported) 88,170 86,464 Changes in accounting policy - IFRS 15 (385 ) — As of January 1 (As restated) - Current portion 84,897 84,289 - Non-current 2,888 2,175 Additions during the year 299,383 352,011 Recognized in the consolidated statements of comprehensive income (319,102 ) (350,305 ) As of December 31 68,066 88,170 Less: Current portion (63,185 ) (85,282 ) Non-current 4,881 2,888 |
Accrued Expenses and Other Pa_2
Accrued Expenses and Other Payables (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Accrued Expenses And Other Payables | As of As of December 31, December 31, Million Million Receipts-in-advance 69,629 73,583 Other payables 31,990 26,643 Accrued salaries, wages, labor service expenses and other benefits 6,950 6,535 Accrued expenses 87,003 84,105 195,572 190,866 |
Capital, Reserves and Dividen_2
Capital, Reserves and Dividends (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Share Capital | Ordinary shares, issued and fully paid: Equivalent Number HK$ RMB of shares Million Million As of January 1 and December 31, 2017 and 2018 20,475,482,897 382,263 402,130 |
Summary of Dividends | (b) Dividends (i) Dividends attributable to the year: 2018 2017 2016 Ordinary interim dividend declared and paid of HK$1.826 (equivalent to approximately RMB1.540) (2017: HK$1.623 (equivalent to approximately RMB1.409); 2016: HK$1.489 (equivalent to approximately RMB1.273)) per share 32,870 28,211 26,227 Special dividend declared and paid of HK$3.200 (equivalent to approximately RMB2.777) per share in 2017 — 55,621 — Ordinary final dividend proposed after the balance sheet date of HK$1.391 (equivalent to approximately RMB1.219) (2017: HK$1.582 (equivalent to approximately RMB1.322); 2016: HK$1.243 (equivalent to approximately RMB1.112)) per share 24,955 27,077 22,766 57,825 110,909 48,993 The proposed ordinary final dividend, which is declared in Hong Kong dollar is translated into RMB with reference to the rate HK$1 = RMB0.8762, being the rate announced by the State Administration of Foreign Exchange in the PRC on December 28, 2018. As the ordinary final dividend was declared after the balance sheet date, such dividend is not recognized as liability as of December 31, 2018. In accordance with the 2009 Notice and the PRC enterprise income tax law, the Company is required to withhold enterprise income tax equal to 10% of any dividend, when it is distributed to non-resident (ii) Dividends attributable to the previous financial year, approved and paid during the year: 2018 2017 2016 Million Million Million Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.582 (equivalent to approximately RMB1.322) (2017: HK$1.243 (equivalent to approximately RMB1.112); 2016: HK$1.196 (equivalent to approximately RMB1.002)) per share 27,060 22,204 20,764 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
China Mobile Communications Corporation [member] | |
Statement [LineItems] | |
Summary of Principal Related Party Transactions | The following is a summary of principal related party transactions entered into by the Group with CMCC Group for the years ended December 31, 2016, 2017 and 2018. 2018 2017 2016 Note Million Million Million Telecommunications services revenue (i) 71 47 159 Property leasing and management services revenue (ii) 226 188 197 Property leasing and management services charges (ii) 1,009 999 976 Network assets leasing charges (iii) 2,308 2,494 2,738 Network capacity leasing charges (iii) 402 1,047 2,696 Short-term bank deposits received (iv) 10,873 8,611 5,552 Short-term bank deposits repaid (iv) 8,611 5,552 7,274 Interest expenses (iv) 142 21 7 Note: (i) The amounts represent telecommunications services settlement received/receivable from CMCC Group for the telecommunications project planning, design and construction services, telecommunications line and pipeline construction services, and telecommunications line maintenance services. (ii) The amount represents the rental and property management fees received/receivable from or paid/payable to CMCC Group in respect of offices, retail outlets and warehouses. (iii) The amounts represent the network assets leasing settlement paid/payable to CMCC Group, and the TD-SCDMA TD-SCDMA (iv) The amounts represent the deposits received from or repaid to CMCC Group and interest expenses paid/payable to CMCC Group in respect of the deposits. |
Amounts Due from (to) Related Party | Amounts due from/to CMCC Group, other than amount due from/to ultimate holding company, are included in the following accounts captions summarized as follows: As of As of December 31, December 31, Million Million Accounts receivable 282 301 Other receivables 145 116 Prepayments and other current assets 5 — Accounts payable 5,825 4,580 Accrued expenses and other payables 80 131 |
Associates and joint ventures [member] | |
Statement [LineItems] | |
Summary of Principal Related Party Transactions | The Group has entered into transactions with associates and joint venture of the Group or CMCC Group. The major transactions entered into by the Group and these companies and amounts due from/to these companies are as follows: Note As of Million As of Million Accounts receivable (i ) 240 313 Interest receivable (ii ) 829 997 Other receivables (iii ) 12,518 12,565 Prepayments and other current assets 160 51 Available-for-sale (iii ) — 31,778 Financial assets at FVPL (iii ) 41,128 — Bank deposits (iii ) 44,955 62,969 Accounts payable (iv ) 3,252 4,479 Accrued expenses and other payables (iv ) 7,301 5,429 2018 2017 2016 Note Million Million Million Telecommunications services revenue (i ) 604 828 637 Telecommunications services charges (v ) — — 422 Property leasing and management services revenue (vi ) 40 99 1 Charges for use of tower assets (iv ) 37,837 36,335 28,144 Interest and other income (ii ) 4,083 4,807 4,140 Dividend income 691 847 1,944 Note: (i) The amounts represent the telecommunications services revenue received/receivable from the Group’s associates. (ii) The amounts primarily represent interest received/receivable from deposits placed with SPD Bank, short-term loans granted to China Tower and placements with SPD Bank by China Mobile Finance; and represent the income from WMP purchased from SPD Bank. The interest rate of deposits placed with SPD Bank is determined in accordance with the benchmark interest rate published by PBOC. (iii) Other receivables primarily represent the short-term loans granted to China Tower and placements with SPD Bank by China Mobile Finance, which will mature by or before December 2019 and withholding power and utilities expenses and lease charges payable on behalf of China Tower, etc. Available-for-sale (iv) The amounts primarily represent the charges paid/payable to China Tower for the use of telecommunications towers and related assets and the services (“Leased Tower”). On July 8, 2016, CMC and China Tower finalized the leasing and pricing arrangement in relation to the lease of Leased Tower, and entered into an agreement (the “Lease Agreement”). Accordingly, the respective provincial companies of CMC and China Tower entered into provincial company service agreements for the leasing of individual Leased Tower based on their actual service requirements. Pursuant to the management’s assessment, the 5 years lease terms of the Lease Agreement does not account for the major part of the economic lives of the Leased Tower and the present value of the minimum lease payments is not considered substantial comparing to the fair value of the corresponding Leased Tower. At the end of the lease term, there is no purchase option granted to the Group to purchase the Leased Tower. The Group also does not bear any gains or losses in the fluctuation in the fair value of the Leased Tower at the end of the lease terms. As a result, the Group does not substantially bear the risks and reward incidental to the ownership of the Leased Tower, and hence the Group accounts for the Leased Tower leasing as operating leases. On January 31, 2018, CMC and China Tower unanimously agreed on supplementary provisions to the Lease Agreement (“Supplementary Agreement”). The Supplementary Agreement mainly included: the adjustments to the pricing of tower products, the term of the agreement shall be 5 years, effective from January 1, 2018 and expiring on December 31, 2022. The Supplementary Agreement did not affect the Group’s judgement on operating lease aforementioned. (v) The amount represents the telecommunications services charges paid/payable to Union Mobile Pay Co., Ltd., an associate of CMCC Group until July 2016. (vi) The amount represents the property leasing revenue received/receivable from SPD Bank and China Tower. |
Financial Risk Management and_2
Financial Risk Management and Fair Values (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Expected Loss Rate Accounts Receivable Due | The expected loss rate as of December 31 and January 1, 2018 was determined as follows for each customers group of accounts receivable due from individual customers and corporate customers, respectively: Within 31 days to 91 days to Over Individual customers Expected loss rate 2 % 20 % 80 % 100 % Within 181 days 1 year to 2 years Over Corporate customers Expected loss rate 2 % 20 % 60 % 80 % 100 % |
Remaining Contractual Maturities of Financial Liabilities | The following table sets out the remaining contractual maturities at the balance sheet date of the Group’s financial liabilities, which are based on the undiscounted cash flows (including interest payments computed using contractual rates or, if floating, based on prevailing rates at the balance sheet date) and the earliest date the Group would be required to repay: As of As of Carrying Carrying Million Million Accounts payable 190,847 233,169 Bills payable 3,221 3,303 Accrued expenses and other payables 195,572 190,866 Amount due to ultimate holding company 11,020 8,646 400,660 435,984 |
Commitments (Tables)
Commitments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Capital Commitments | The Group’s capital expenditure contracted for as of December 31 but not provided in the consolidated financial statements were as follows: 2018 2017 Million Million Land and buildings 9,327 10,950 Telecommunications equipment 44,174 32,112 53,501 43,062 |
Future Minimum Lease Payments Under Non-cancellable Operating Leases | The total future minimum lease payments under non-cancellable Land Leased lines Others Total Million Million Million Million As of December 31, 2018 Within one year 10,067 44,867 1,402 56,336 After one year but within five years 24,843 123,088 1,324 149,255 After five years 11,165 3,464 81 14,710 46,075 171,419 2,807 220,301 As of December 31, 2017 Within one year 10,344 46,730 1,023 58,097 After one year but within five years 20,372 112,465 961 133,798 After five years 4,831 1,183 58 6,072 35,547 160,378 2,042 197,967 |
Condensed Financial Informati_2
Condensed Financial Information of the Company (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Condensed Statements of Comprehensive Income | (a) Condensed statements of comprehensive income 2018 2017 2016 Dividend income 60,044 111,490 49,080 Operating expenses (67 ) (77 ) (71 ) Interest and other income 41 23 11 Other gains/(losses) 250 (87 ) 57 Finance costs — (2 ) (3 ) Profit before taxation 60,268 111,347 49,074 Taxation — (14 ) (1 ) PROFIT FOR THE YEAR 60,268 111,333 49,073 Other comprehensive income for the year — — — TOTAL COMPREHENSIVE INCOME FOR THE YEAR 60,268 111,333 49,073 |
Condensed Balance Sheets | (b) Condensed balance sheets As of As of Non-current 491,748 490,256 Current assets 2,614 2,718 Current liabilities 4,708 3,658 Non-current — — NET ASSETS 489,654 489,316 TOTAL EQUITY 489,654 489,316 |
Condensed Statements of Cash Flows | (c) Condensed statements of cash flows 2018 2017 2016 Net cash generated from operating activities 2 (72 ) (69 ) Net cash generated from investing activities 15,792 28,840 12,900 Net cash used in financing activities (16,331 ) (28,913 ) (12,813 ) Net (decrease)/increase in cash and cash equivalents (537 ) (145 ) 18 Cash and cash equivalents at beginning of year 554 796 753 Effect of changes in foreign exchange rate 228 (97 ) 25 Cash and cash equivalents at end of year 245 554 796 |
Significant Accounting Polici_4
Significant Accounting Policies - Estimated Useful Lives of Property, Plant and Equipment (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Buildings [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 8 years |
Buildings [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 30 years |
Telecommunications transceivers, switching centers, transmission and other network equipment [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 5 years |
Telecommunications transceivers, switching centers, transmission and other network equipment [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 10 years |
Office equipment, furniture, fixtures and others [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 3 years |
Office equipment, furniture, fixtures and others [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives of property, plant and equipment | 10 years |
Significant Accounting Polici_5
Significant Accounting Policies - Additional Information (Detail) - Top of range [member] - Foreign countries [member] | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of summary of significant accounting policies [line items] | |
Foreign assets percentage | 5.00% |
Foreign operating revenue percentage | 5.00% |
Changes in Accounting Policie_2
Changes in Accounting Policies - Consolidated Balance Sheets (Extract) (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Non-current assets | |||||
Investments accounted for using the equity method | ¥ 145,325 | ¥ 130,305 | ¥ 132,499 | ||
Deferred tax assets | 29,654 | 33,343 | |||
Financial assets at fair value through other comprehensive income | 587 | ||||
Available-for-sale financial assets | 44 | ||||
Other non-current assets | 8,442 | 6,469 | |||
Non-current assets | 1,000,794 | 963,917 | |||
Current assets | |||||
Contract assets | 5,022 | 4,139 | |||
Accounts receivable | 26,540 | 24,153 | |||
Financial assets at fair value through profit or loss | 76,425 | ||||
Available-for-sale financial assets | 65,630 | ||||
Current assets | 535,116 | 558,196 | |||
Total assets | 1,535,910 | 1,522,113 | |||
Current liabilities | |||||
Accrued expenses and other payables | 195,572 | 190,866 | |||
Deferred revenue | 63,185 | 85,282 | |||
Current liabilities | 474,398 | 529,982 | |||
Total liabilities | 480,101 | 533,232 | |||
Equity | |||||
Reserves | 650,275 | 583,506 | |||
Total equity | 1,055,809 | 988,881 | ¥ 982,138 | ¥ 920,368 | |
Total equity and liabilities | 1,535,910 | 1,522,113 | |||
Previously stated [member] | |||||
Non-current assets | |||||
Investments accounted for using the equity method | 132,499 | ||||
Deferred tax assets | 33,343 | ||||
Available-for-sale financial assets | 44 | ||||
Non-current assets | 963,917 | ||||
Current assets | |||||
Accounts receivable | 24,153 | ||||
Available-for-sale financial assets | 65,630 | ||||
Current assets | 558,196 | ||||
Total assets | 1,522,113 | ||||
Current liabilities | |||||
Accrued expenses and other payables | 190,866 | ||||
Deferred revenue | 85,282 | ||||
Current liabilities | 529,982 | ||||
Total liabilities | 533,232 | ||||
Equity | |||||
Reserves | 583,506 | ||||
Total equity | 988,881 | ||||
Total equity and liabilities | 1,522,113 | ||||
Increase (decrease) due to application of IFRS 9 [member] | |||||
Non-current assets | |||||
Investments accounted for using the equity method | (2,194) | ||||
Deferred tax assets | 24 | ||||
Financial assets at fair value through other comprehensive income | 44 | ||||
Available-for-sale financial assets | (44) | ||||
Non-current assets | (2,170) | ||||
Current assets | |||||
Accounts receivable | (195) | ||||
Financial assets at fair value through profit or loss | 65,630 | ||||
Available-for-sale financial assets | (65,630) | ||||
Current assets | (195) | ||||
Total assets | (2,365) | ||||
Equity | |||||
Reserves | (2,365) | ||||
Total equity | (2,365) | ||||
Total equity and liabilities | (2,365) | ||||
Increase (decrease) due to application of IFRS 15 [member] | |||||
Non-current assets | |||||
Deferred tax assets | 3,301 | (2,879) | |||
Other non-current assets | (8,442) | 6,469 | |||
Non-current assets | 3,590 | ||||
Current assets | |||||
Contract assets | (5,022) | 4,139 | |||
Current assets | 4,139 | ||||
Total assets | 7,729 | ||||
Current liabilities | |||||
Accrued expenses and other payables | 68 | (782) | |||
Deferred revenue | 177 | (385) | |||
Current liabilities | (1,167) | ||||
Total liabilities | (1,167) | ||||
Equity | |||||
Reserves | ¥ (10,408) | 8,896 | |||
Total equity | 8,896 | ||||
Total equity and liabilities | 7,729 | ||||
As restated [member] | |||||
Non-current assets | |||||
Investments accounted for using the equity method | 130,305 | ||||
Deferred tax assets | 30,488 | ||||
Financial assets at fair value through other comprehensive income | 44 | ||||
Other non-current assets | 6,469 | ||||
Non-current assets | 965,337 | ||||
Current assets | |||||
Contract assets | 4,139 | ||||
Accounts receivable | 23,958 | ||||
Financial assets at fair value through profit or loss | 65,630 | ||||
Current assets | 562,140 | ||||
Total assets | 1,527,477 | ||||
Current liabilities | |||||
Accrued expenses and other payables | 190,084 | ||||
Deferred revenue | 84,897 | 84,897 | ¥ 84,289 | ||
Current liabilities | 528,815 | ||||
Total liabilities | 532,065 | ||||
Equity | |||||
Reserves | 590,037 | ||||
Total equity | 995,412 | ¥ 995,412 | |||
Total equity and liabilities | ¥ 1,527,477 |
Changes in Accounting Policie_3
Changes in Accounting Policies (IFRS 9) - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 | |
Disclosure of initial application of standards or interpretations [line items] | |||
Investments accounted for using the equity method | ¥ 145,325 | ¥ 130,305 | ¥ 132,499 |
Increase/(decrease) due to IFRS9 - associates [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Retained profit | (2,194) | ||
PRC statutory reserves | (548) | ||
Increase of other comprehensive income of the group | 548 | ||
Investments accounted for using the equity method | ¥ (2,194) | ||
Increase/(decrease) due to IFRS9 - classification and measurement [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Financial assets at fair value profit or loss | 65,630 | ||
Equity investments measured at fair value of other comprehensive income | 44 | ||
Financial assets at fair value of other comprehensive income reserve | 19 | ||
Increase/(decrease) due to IFRS9 - Impairment [member] | |||
Disclosure of initial application of standards or interpretations [line items] | |||
Retained profit | (165) | ||
PRC statutory reserves | ¥ (6) |
Changes in Accounting Policie_4
Changes in Accounting Policies (IFRS 15) - Additional Information (Detail) - CNY (¥) ¥ in Millions | Jan. 01, 2018 | Dec. 31, 2018 |
Disclosure of initial application of standards or interpretations [line items] | ||
Contract liabilities | ¥ 81,147 | ¥ 62,812 |
Increase/(decrease) due to IFRS15 - contract assets [member] | ||
Disclosure of initial application of standards or interpretations [line items] | ||
Contract assets | 5,654 | |
Impairment provision related to contract assets | 303 | |
Contract liabilities | (1,167) | |
Retained profit | 4,188 | |
PRC statutory reserves | 1,025 | |
Increase/(decrease) due to IFRS15 - contract costs [member] | ||
Disclosure of initial application of standards or interpretations [line items] | ||
Retained profit | 2,973 | |
PRC statutory reserves | 710 | |
Contract costs | ¥ 4,954 |
Changes in Accounting Policie_5
Changes in Accounting Policies - Summary of Effects Arising from Initial Application of IFRS 15 (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | |
Disclosure of initial application of standards or interpretations [line items] | ||||
Operating revenue | ¥ 736,819 | ¥ 740,514 | ¥ 708,421 | |
Revenue from telecommunications services | 670,907 | 668,351 | 623,422 | |
Revenue from sales of products and others | 65,912 | 72,163 | 84,999 | |
Operating expenses | 615,432 | 620,388 | 590,333 | |
Selling expenses | 60,326 | 61,086 | 57,493 | |
Cost of products sold | 66,231 | 73,668 | 87,352 | |
Other operating expenses | 174,229 | 182,243 | ¥ 167,073 | |
Non-current assets | ||||
Deferred tax assets | 29,654 | 33,343 | ||
Other non-current assets | 8,442 | ¥ 6,469 | ||
Current assets | ||||
Contract assets | 5,022 | 4,139 | ||
Current liabilities | ||||
Accrued expenses and other payables | 195,572 | 190,866 | ||
Deferred revenue | 63,185 | 85,282 | ||
Equity | ||||
Reserves | 650,275 | ¥ 583,506 | ||
Increase (decrease) due to application of IFRS 15 [member] | ||||
Disclosure of initial application of standards or interpretations [line items] | ||||
Revenue from telecommunications services | 10,833 | |||
Revenue from sales of products and others | (5,821) | |||
Selling expenses | 6,048 | |||
Cost of products sold | 847 | |||
Other operating expenses | 54 | |||
Non-current assets | ||||
Deferred tax assets | 3,301 | (2,879) | ||
Other non-current assets | (8,442) | 6,469 | ||
Current assets | ||||
Contract assets | (5,022) | 4,139 | ||
Current liabilities | ||||
Accrued expenses and other payables | 68 | (782) | ||
Deferred revenue | 177 | (385) | ||
Equity | ||||
Reserves | (10,408) | ¥ 8,896 | ||
Amounts (Balance) without adoption of IFRS 15 [member] | ||||
Disclosure of initial application of standards or interpretations [line items] | ||||
Revenue from telecommunications services | 681,740 | |||
Revenue from sales of products and others | 60,091 | |||
Selling expenses | 66,374 | |||
Cost of products sold | 67,078 | |||
Other operating expenses | 174,283 | |||
Non-current assets | ||||
Deferred tax assets | 32,955 | |||
Other non-current assets | 0 | |||
Current assets | ||||
Contract assets | 0 | |||
Current liabilities | ||||
Accrued expenses and other payables | 195,640 | |||
Deferred revenue | 63,362 | |||
Equity | ||||
Reserves | ¥ 639,867 |
Operating Revenue - Disaggregat
Operating Revenue - Disaggregation of Operating Revenue (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of products and services [line items] | |||
Revenue from telecommunication services | ¥ 670,907 | ¥ 668,351 | ¥ 623,422 |
Revenue from sales of products and others | 65,912 | 72,163 | 84,999 |
Operating revenue | 736,819 | 740,514 | 708,421 |
Voice services [member] | |||
Disclosure of products and services [line items] | |||
Revenue from telecommunication services | 108,083 | 156,918 | 209,949 |
Data services [member] | |||
Disclosure of products and services [line items] | |||
Revenue from telecommunication services | 542,083 | 493,350 | 394,937 |
Others [member] | |||
Disclosure of products and services [line items] | |||
Revenue from telecommunication services | ¥ 20,741 | ¥ 18,083 | ¥ 18,536 |
Operating Revenue - Summary of
Operating Revenue - Summary of Contract Assets (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Jan. 01, 2018 |
Disclosure of products and services [line items] | ||
Contract assets | ¥ (5,022) | ¥ (4,139) |
Other non-current assets | 8,442 | 6,469 |
Contract assets relating to contracts with customers [member] | ||
Disclosure of products and services [line items] | ||
Total contract assets | 6,489 | 5,654 |
Contracts with customers non current portion recorded in other non current assets [member] | ||
Disclosure of products and services [line items] | ||
Total contract assets | 1,467 | 1,515 |
Contract costs incurred to obtain a contract [member] | ||
Disclosure of products and services [line items] | ||
Other non-current assets | 6,880 | 4,924 |
Contract costs incurred to fulfil a contract [member] | ||
Disclosure of products and services [line items] | ||
Other non-current assets | ¥ 95 | ¥ 30 |
Operating Revenue - Summary o_2
Operating Revenue - Summary of Significant Changes in Contract Assets Relating to Contracts with Customers (Detail) ¥ in Millions | 12 Months Ended |
Dec. 31, 2018CNY (¥) | |
Contract assets [member] | |
Disclosure of contract assets [line items] | |
Beginning balance | ¥ 5,957 |
Increase resulting from satisfaction of performance obligation | 7,325 |
Reclassified to accounts receivable | (6,451) |
Ending balance | 6,831 |
Contract Assets Loss Allowance [member] | |
Disclosure of contract assets [line items] | |
Beginning balance | (303) |
Net impairment loss of contract assets | (39) |
Ending balance | ¥ (342) |
Operating Revenue - Summary o_3
Operating Revenue - Summary of Significant Changes in Contract Assets Relating to Contracts with Customers (Parenthetical) (Detail) ¥ in Millions | 12 Months Ended |
Dec. 31, 2018CNY (¥) | |
Contract assets [abstract] | |
Amortization of Contract cost incurred to obtain contract | ¥ 7,664 |
Capitalized amount of contract costs incurred to obtain contract | ¥ 9,620 |
Operating Revenue - Additional
Operating Revenue - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Jan. 01, 2018 | |
Disclosure of products and services [abstract] | ||
Contract liabilities | ¥ 62,812 | ¥ 81,147 |
Revenue recognized related to contract liabilities | ¥ 66,370 |
Employee Benefit and Related _3
Employee Benefit and Related Expenses - Summary of Employee Benefit and Related Expenses (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Classes of employee benefits expense [abstract] | |||
Salaries, wages, labor service expenses and other benefits | ¥ 81,843 | ¥ 74,427 | ¥ 69,546 |
Retirement costs: contributions to defined contribution retirement plans | 12,096 | 11,086 | 9,917 |
Employee benefit and related expenses | ¥ 93,939 | ¥ 85,513 | ¥ 79,463 |
Other Operating Expenses - Summ
Other Operating Expenses - Summary of Other Operating Expenses (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Analysis of income and expense [abstract] | |||
Maintenance | ¥ 54,569 | ¥ 55,737 | ¥ 53,852 |
Impairment loss of doubtful accounts | 4,635 | 3,392 | 3,734 |
Write-down of inventories | 155 | 297 | 282 |
Amortization of other intangible assets | 1,609 | 515 | 499 |
Operating lease charges | |||
- land and buildings | 11,439 | 11,453 | 11,628 |
- others | 4,663 | 3,698 | 4,248 |
Loss/(gain) on disposal of property, plant and equipment | 8 | 8 | (180) |
Write-off and impairment of property, plant and equipment | 1,250 | 12,593 | 7,216 |
Power and utilities expenses | 32,032 | 30,518 | 29,461 |
Operation support and research and development expenses | 44,001 | 38,016 | 32,296 |
Auditors' remuneration | |||
- audit services | 108 | 107 | 103 |
- tax services | 3 | 3 | 1 |
- other services | 6 | 12 | 9 |
Other operating expenses - others | 19,751 | 25,894 | 23,924 |
Other operating expenses | ¥ 174,229 | ¥ 182,243 | ¥ 167,073 |
Other Operating Expenses - Su_2
Other Operating Expenses - Summary of Other Operating Expenses (Parenthetical) (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of other operating expenses [line items] | |||
Auditor's remuneration for audit service | ¥ 108 | ¥ 107 | ¥ 103 |
United States [member] | Attestation under s404 of Sarbanes-Oxley Act 2002 [member] | |||
Disclosure of other operating expenses [line items] | |||
Auditor's remuneration for audit service | ¥ 22 | ¥ 22 | ¥ 22 |
Other Gains - Summary of Other
Other Gains - Summary of Other Gains (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Analysis of income and expense [abstract] | |||
Compensation income | ¥ 1,184 | ¥ 1,118 | ¥ 764 |
Others | 1,722 | 1,271 | 1,204 |
Other gains | ¥ 2,906 | ¥ 2,389 | ¥ 1,968 |
Interest and Other Income - Sum
Interest and Other Income - Summary of Interest and Other Income (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of interest and other income [abstract] | |||
Interest income from bank deposits | ¥ 11,443 | ¥ 12,884 | ¥ 14,714 |
Fair value gains recognized | 4,442 | 2,999 | 1,291 |
Interest and other income | ¥ 15,885 | ¥ 15,883 | ¥ 16,005 |
Finance Costs - Summary of Fina
Finance Costs - Summary of Finance Costs (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Analysis of income and expense [abstract] | |||
Interest on short-term deposits received (note 33(a)) | ¥ 142 | ¥ 21 | ¥ 7 |
Interest on bonds | 187 | 228 | |
Others | 2 | 2 | |
Finance costs | ¥ 144 | ¥ 210 | ¥ 235 |
Directors' Remuneration - Summa
Directors' Remuneration - Summary of Directors' Remuneration (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018HKD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2017HKD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2016HKD ($) | |
Executive directors [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | ¥ 3,502 | ¥ 3,551 | ¥ 3,185 | |||
Contributions relating to social insurance, housing fund and retirement scheme | 558 | 677 | 694 | |||
Total | 4,060 | 4,228 | 3,879 | |||
Executive directors [member] | YANG Jie [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | ||||||
Salaries, allowances and bonuses | ||||||
Contributions relating to social insurance, housing fund and retirement scheme | ||||||
Total | ||||||
Executive directors [member] | SHANG Bing [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 867 | 781 | 498 | |||
Contributions relating to social insurance, housing fund and retirement scheme | 134 | 123 | 122 | |||
Total | 1,001 | 904 | 620 | |||
Executive directors [member] | LI Yue [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 1,000 | 781 | 717 | |||
Contributions relating to social insurance, housing fund and retirement scheme | 163 | 151 | 147 | |||
Total | 1,163 | 932 | 864 | |||
Executive directors [member] | LIU Aili [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 592 | 662 | ||||
Contributions relating to social insurance, housing fund and retirement scheme | 110 | 141 | ||||
Total | 702 | 803 | ||||
Executive directors [member] | DONG Xin [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 890 | 695 | ||||
Contributions relating to social insurance, housing fund and retirement scheme | 157 | 145 | ||||
Total | 1,047 | 840 | ||||
Executive directors [member] | SHA Yuejia [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 745 | 702 | 662 | |||
Contributions relating to social insurance, housing fund and retirement scheme | 104 | 148 | 141 | |||
Total | ¥ 849 | ¥ 850 | 803 | |||
Executive directors [member] | XUE Taohail [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 646 | |||||
Contributions relating to social insurance, housing fund and retirement scheme | 143 | |||||
Total | ¥ 789 | |||||
Independent non-executive directors [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | $ 1,509 | $ 1,640 | $ 1,457 | |||
Total | $ | 1,509 | 1,640 | 1,457 | |||
Independent non-executive directors [member] | WONG Kwong Shing Frank [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 177 | 470 | 470 | |||
Total | $ | 177 | 470 | 470 | |||
Independent non-executive directors [member] | CHENG Mo Chi, Moses [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 460 | 460 | 452 | |||
Total | $ | 460 | 460 | 452 | |||
Independent non-executive directors [member] | CHOW Man Yiu, Paul [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 455 | 455 | 405 | |||
Total | $ | 455 | 455 | 405 | |||
Independent non-executive directors [member] | YIU Kin Wah, Stephen [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 417 | 255 | ||||
Total | $ | 417 | $ 255 | ||||
Independent non-executive directors [member] | LO Ka Shui [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 130 | |||||
Total | $ | $ 130 | |||||
Independent non-executive directors [member] | YANG Qiang [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 0 | |||||
Total | $ | $ 0 |
Individuals with Highest Emol_3
Individuals with Highest Emoluments - Emoluments Payable to the Five Individuals with Highest Emoluments (Detail) - Five individuals with the highest emoluments [member] - CNY (¥) ¥ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of transactions between related parties [line items] | |||
Salaries, allowances and benefits in kind | ¥ 6,579 | ¥ 5,259 | ¥ 5,602 |
Performance related bonuses | 4,208 | 4,014 | 2,029 |
Retirement scheme contributions | 156 | 158 | 157 |
Total | ¥ 10,943 | ¥ 9,431 | ¥ 7,788 |
Individuals With Highest Emol_4
Individuals With Highest Emoluments - Emoluments by Bands (Detail) - Individual | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Emolument band 1,500,001 - 2,000,000 [member] | |||
Disclosure of transactions between related parties [line items] | |||
Number of individuals | 3 | 5 | |
Emolument band 2,000,001 - 2,500,000 [member] | |||
Disclosure of transactions between related parties [line items] | |||
Number of individuals | 5 | 2 |
Taxation - Taxation in Consolid
Taxation - Taxation in Consolidated Statements of Comprehensive Income (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Current tax | |||
Current tax | ¥ 34,670 | ¥ 37,205 | ¥ 39,902 |
Deferred tax | |||
Origination and reversal of temporary differences, net (note 20) | 1,274 | (3,482) | (4,279) |
Taxation | 35,944 | 33,723 | 35,623 |
PRC [member] | |||
Current tax | |||
Current tax | 34,395 | 36,945 | 39,709 |
Hong Kong [member] | |||
Current tax | |||
Current tax | ¥ 275 | ¥ 260 | ¥ 193 |
Taxation - Taxation in Consol_2
Taxation - Taxation in Consolidated Statements of Comprehensive Income (Parenthetical) (Detail) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
PRC [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Income tax rate | 25.00% | 25.00% | 25.00% |
Hong Kong [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Income tax rate | 16.50% | 16.50% | 16.50% |
Subsidiaries [member] | PRC [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Preferential tax rate | 15.00% | 15.00% | 15.00% |
Taxation - Reconciliation Betwe
Taxation - Reconciliation Between Income Tax Expense and Accounting Profit at Applicable Tax Rates (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Profit before taxation | ¥ 153,895 | ¥ 148,137 | ¥ 144,462 |
Notional tax on profit before tax, calculated at the PRC's statutory tax rate of 25% (Note) | 38,474 | 37,034 | 36,116 |
Tax effect of deductible temporary difference for which no deferred tax asset was recognized | 1,414 | 154 | 1,562 |
Tax effect of deductible tax loss for which no deferred tax asset was recognized | 1,267 | 818 | 1,349 |
Others | (280) | (98) | (384) |
Taxation | 35,944 | 33,723 | 35,623 |
PRC [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Tax effect of non-deductible expenses | 604 | 772 | 798 |
Rate differential | (1,835) | (2,317) | (1,580) |
Hong Kong [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Tax effect of non-deductible expenses | 85 | 70 | 76 |
Rate differential | (189) | (182) | (133) |
Income from investments accounted for using the equity method [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Tax effect of non-taxable items | (3,465) | (2,487) | (2,159) |
Interest and other income [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Tax effect of non-taxable items | ¥ (131) | ¥ (41) | ¥ (22) |
Taxation - Tax Credited_(Charge
Taxation - Tax Credited/(Charged) Relating to Components of Other Comprehensive Income (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income tax relating to components of other comprehensive income [abstract] | |||
Change in value of available-for-sale financial assets, Before tax | ¥ (7) | ¥ 32 | |
Change in value of financial assets at FVOCI, Before tax | ¥ (168) | ||
Currency translation differences, Before tax | 1,160 | (735) | 774 |
Share of other comprehensive income/(loss) of investments accounted for using the equity method, Before tax | 1,248 | (1,038) | (1,059) |
Other comprehensive income/(loss), Before tax | 2,240 | (1,780) | (253) |
Change in value of available-for-sale financial assets, Tax credited/(charged) | 2 | (8) | |
Change in value of financial assets at FVOCI, Tax credited/(charged) | 0 | 0 | 0 |
Currency translation differences, Tax credited/(charged) | 0 | 0 | 0 |
Share of other comprehensive income/(loss) of investments accounted for using the equity method, Tax credited/(charged) | 0 | 0 | 0 |
Other comprehensive income/(loss), Tax credited/(charged) | 2 | (8) | |
Change in value of available-for-sale financial assets, After tax | (5) | 24 | |
Change in value of financial assets at FVOCI, After tax | (168) | ||
Currency translation differences, After tax | 1,160 | (735) | 774 |
Share of other comprehensive income/(loss) of investments accounted for using the equity method, After tax | 1,248 | (1,038) | (1,059) |
Other comprehensive income/(loss), After tax | 2,240 | (1,778) | (261) |
Tax credited/(charged) relating to components of other comprehensive income, Tax credited/(charged) | |||
Current tax | ¥ 0 | 0 | 0 |
Deferred tax | 2 | (8) | |
Other comprehensive income/(loss), Tax credited/(charged) | ¥ 2 | ¥ (8) |
Earnings Per Share - Additional
Earnings Per Share - Additional Information (Detail) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018CNY (¥)shares | Dec. 31, 2017CNY (¥)shares | Dec. 31, 2016CNY (¥)shares | |
Basic earnings per share | |||
Profit attributable to equity shareholders | ¥ | ¥ 117,781 | ¥ 114,279 | ¥ 108,741 |
Weighted average number of shares | 20,475,482,897 | 20,475,482,897 | 20,475,482,897 |
Stock option outstanding | 0 | 0 | 0 |
Dilution impact on weighted average number of shares | 0 | 0 | 0 |
Property, Plant and Equipment -
Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | ¥ 648,029 | |
Transferred from construction in progress | (169,894) | ¥ (185,660) |
Ending balance | 666,496 | 648,029 |
Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,593,531 | 1,446,181 |
Transferred from construction in progress | 169,894 | 185,660 |
Other additions | 2,226 | 2,975 |
Disposals | (1,440) | (362) |
Assets written-off and impairment loss | (34,981) | (40,419) |
Exchange differences | 373 | (504) |
Ending balance | 1,729,603 | 1,593,531 |
Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 945,502 | 823,825 |
Charge for the year | 152,609 | 149,948 |
Written back on disposals | (1,428) | (208) |
Assets written-off and impairment loss | (33,726) | (27,832) |
Exchange differences | 150 | (231) |
Ending balance | 1,063,107 | 945,502 |
Buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 100,956 | |
Ending balance | 103,293 | 100,956 |
Buildings [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 147,776 | 136,923 |
Transferred from construction in progress | 7,624 | 10,577 |
Other additions | 257 | 820 |
Disposals | (18) | (72) |
Assets written-off and impairment loss | (323) | (331) |
Exchange differences | 135 | (141) |
Ending balance | 155,451 | 147,776 |
Buildings [member] | Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 46,820 | 41,502 |
Charge for the year | 5,625 | 5,695 |
Written back on disposals | (15) | (58) |
Assets written-off and impairment loss | (290) | (299) |
Exchange differences | 18 | (20) |
Ending balance | 52,158 | 46,820 |
Telecommunications transceivers, switching centers, transmission and other network equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 539,439 | |
Ending balance | 554,048 | 539,439 |
Telecommunications transceivers, switching centers, transmission and other network equipment [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,421,968 | 1,286,267 |
Transferred from construction in progress | 160,654 | 174,250 |
Other additions | 465 | 962 |
Disposals | (1,304) | (181) |
Assets written-off and impairment loss | (33,168) | (38,971) |
Exchange differences | 236 | (359) |
Ending balance | 1,548,851 | 1,421,968 |
Telecommunications transceivers, switching centers, transmission and other network equipment [member] | Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 882,529 | 766,221 |
Charge for the year | 145,504 | 143,026 |
Written back on disposals | (1,297) | (45) |
Assets written-off and impairment loss | (32,064) | (26,465) |
Exchange differences | 131 | (208) |
Ending balance | 994,803 | 882,529 |
Office equipment, furniture, fixtures and others [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 7,634 | |
Ending balance | 9,155 | 7,634 |
Office equipment, furniture, fixtures and others [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 23,787 | 22,991 |
Transferred from construction in progress | 1,616 | 833 |
Other additions | 1,504 | 1,193 |
Disposals | (118) | (109) |
Assets written-off and impairment loss | (1,490) | (1,117) |
Exchange differences | 2 | (4) |
Ending balance | 25,301 | 23,787 |
Office equipment, furniture, fixtures and others [member] | Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 16,153 | 16,102 |
Charge for the year | 1,480 | 1,227 |
Written back on disposals | (116) | (105) |
Assets written-off and impairment loss | (1,372) | (1,068) |
Exchange differences | 1 | (3) |
Ending balance | ¥ 16,146 | ¥ 16,153 |
Property, Plant and Equipment_2
Property, Plant and Equipment - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Dec. 31, 2017CNY (¥) | |
Telecommunications transceivers, switching centers, transmission and other network equipment [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Impairment loss recognised in profit or loss, property, plant and equipment | ¥ 10,450 |
Construction in Progress - Summ
Construction in Progress - Summary of Construction in Progress (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about property, plant and equipment [abstract] | ||
Beginning balance | ¥ 78,112 | ¥ 89,853 |
Additions | 163,962 | 173,919 |
Transferred to property, plant and equipment | (169,894) | (185,660) |
Ending balance | ¥ 72,180 | ¥ 78,112 |
Land Lease Prepayments and Ot_2
Land Lease Prepayments and Others - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of quantitative information about leases for lessee [abstract] | |||
Amortization of land lease prepayments expensed in the profit or loss | ¥ 467 | ¥ 446 | ¥ 443 |
Goodwill - Summary of Goodwill
Goodwill - Summary of Goodwill (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Changes in goodwill [abstract] | ||
As of January 1 and December 31 | ¥ 35,343 | ¥ 35,343 |
Goodwill - Additional Informati
Goodwill - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of information for cash-generating units [Line Items] | ||
Goodwill | ¥ 35,343 | ¥ 35,343 |
Period over which management has projected cash flows | Five years | |
Pre-tax discount rate | 11.00% | |
For five years ended Dec. 31, 2021 [Member] | ||
Disclosure of information for cash-generating units [Line Items] | ||
Growth rate | 1.50% | |
For the years beyond Dec. 31, 2021 [Member] | ||
Disclosure of information for cash-generating units [Line Items] | ||
Growth rate | 1.00% | |
Operation in Mainland China [Member] | ||
Disclosure of information for cash-generating units [Line Items] | ||
Goodwill | ¥ 35,300 |
Subsidiaries - Summary of Subsi
Subsidiaries - Summary of Subsidiaries (Detail) | 12 Months Ended | ||||||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018HKD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2017HKD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2016HKD ($) | |
Disclosure of subsidiaries [Line Items] | |||||||
Particulars of issued and paid up capital | ¥ 402,130,000,000 | $ 382,263,000,000 | ¥ 402,130,000,000 | $ 382,263,000,000 | ¥ 402,130,000,000 | $ 382,263,000,000 | |
Aspire Holdings Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Cayman Islands | ||||||
Place of establishment and operation | Cayman Islands | ||||||
Particulars of issued and paid up capital | $ | 93,964,583 | ||||||
Proportion of ownership interest Held by the Company | 66.41% | ||||||
Principal activity | Investment holding company | ||||||
China mobile communication (bvi) limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | British Virgin Islands ("BVI") | ||||||
Place of establishment and operation | British Virgin Islands ("BVI") | ||||||
Particulars of issued and paid up capital | $ | 1 | ||||||
Proportion of ownership interest Held by the Company | 100.00% | ||||||
Principal activity | Investment holding company | ||||||
China Mobile Communication Co. Ltd. (CMC) [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 1,641,848,326 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Network and business coordination center | ||||||
China Mobile Group Guangdong Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 5,594,840,700 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Zhejiang Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,117,790,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Jiangsu Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,800,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Fujian Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 5,247,480,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Henan Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 4,367,733,641 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Hainan Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 643,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Beijing Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 6,124,696,053 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Shanghai Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 6,038,667,706 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Tianjin Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,151,035,483 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Hebei Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 4,314,668,600 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Liaoning Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 5,140,126,680 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Shandong Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 6,341,851,146 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Guangxi Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,340,750,100 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Anhui Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 4,099,495,494 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Jiangxi Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,932,824,234 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Chongqing Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 3,029,645,401 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Sichuan Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 7,483,625,572 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Hubei Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 3,961,279,556 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Hunan Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 4,015,668,593 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Shaanxi Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 3,171,267,431 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Shanxi Co., Ltd. [Member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,773,448,313 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Neimenggu Co., Ltd. [Member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,862,621,870 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Jilin Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 3,277,579,314 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Heilongjiang Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 4,500,508,035 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Guizhou Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,541,981,749 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Yunnan Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 4,137,130,733 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Xizang Co., Ltd. [Member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 848,643,686 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Gansu Co., Ltd. [Member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 1,702,599,589 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Qinghai Co., Ltd. [Member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 902,564,911 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Ningxia Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 740,447,232 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Xinjiang Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,581,599,600 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Telecommunications operator | ||||||
China Mobile Group Design Institute Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 160,232,500 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of telecommunications network planning design and consulting services | ||||||
China Mobile Holding Company Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | $ | $ 30,000,000 | ||||||
Proportion of ownership interest Held by the Company | 100.00% | ||||||
Principal activity | Investment holding company | ||||||
China Mobile Information Technology Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | $ | 7,633,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of roaming clearance, IT system operation, technology support services | ||||||
Aspire (BVI) Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | BVI | ||||||
Place of establishment and operation | BVI | ||||||
Particulars of issued and paid up capital | $ | 1,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Investment holding company | ||||||
Aspire Technologies (Shenzhen) Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | $ | 10,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Technology platform development and maintenance | ||||||
Aspire Information Network (Shenzhen) Limited [Member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | $ | 5,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of mobile data solutions, system integration and development | ||||||
Aspire Information Technologies (Beijing) Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | $ | 5,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Technology platform development and maintenance | ||||||
Fujian FUNO Mobile Communication Technology Company Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | $ | 3,800,000 | ||||||
Proportion of Held by a subsidiary | 51.00% | ||||||
Principal activity | Network construction and maintenance, network planning and optimizing, training and communication services | ||||||
Advanced Roaming & Clearing House Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | BVI | ||||||
Place of establishment and operation | BVI | ||||||
Particulars of issued and paid up capital | $ | 2 | ||||||
Proportion of ownership interest Held by the Company | 100.00% | ||||||
Principal activity | Provision of roaming clearance services | ||||||
Fit Best Limited [Member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | BVI | ||||||
Place of establishment and operation | BVI | ||||||
Particulars of issued and paid up capital | $ | $ 1 | ||||||
Proportion of ownership interest Held by the Company | 100.00% | ||||||
Principal activity | Investment holding company | ||||||
China Mobile Hong Kong Company Limited [Member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Hong Kong | ||||||
Place of establishment and operation | Hong Kong | ||||||
Particulars of issued and paid up capital | $ | 951,046,930 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of telecommunications and related services | ||||||
China Mobile International Holdings Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Hong Kong | ||||||
Place of establishment and operation | Hong Kong | ||||||
Particulars of issued and paid up capital | $ | 18,195,670,000 | ||||||
Proportion of ownership interest Held by the Company | 100.00% | ||||||
Principal activity | Investment holding company | ||||||
China Mobile International Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Hong Kong | ||||||
Place of establishment and operation | Hong Kong | ||||||
Particulars of issued and paid up capital | $ | $ 6,400,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of voice and roaming clearance services, Internet services and value-added services | ||||||
China Mobile Group Device Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 6,200,000,000 | ||||||
Proportion of Held by a subsidiary | 99.97% | ||||||
Principal activity | Provision of electronic communication products design and sale of related products | ||||||
China Mobile Group Finance Co., Ltd. ("China Mobile Finance") [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 11,627,783,669 | ||||||
Proportion of Held by a subsidiary | 92.00% | ||||||
Principal activity | Provision of non-banking financial services | ||||||
China Mobile IoT Company Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,500,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of network services | ||||||
China Mobile (Suzhou) Software Technology Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 980,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of computer hardware and software research and development services | ||||||
China Mobile (Hangzhou) Information Technology Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 1,250,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of computer hardware and software research and development services | ||||||
China Mobile Online Services Co., Ltd. [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 50,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of call center services | ||||||
MIGU Company Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 7,000,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of Mobile Internet digital content services | ||||||
China Mobile TieTong Company Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 31,880,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of telecommunications services | ||||||
China Mobile Internet Company Limited [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 2,700,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of value added telecommunications services | ||||||
China Mobile Investment Holdings Company Limited ("CM Investment") [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 590,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Investment holding company | ||||||
China Mobile Quantong System Integration Co Ltd [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 550,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of computer system integration, construction, maintenance and related technology development services | ||||||
China Mobile Chengdu ICT Co., Ltd [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 200,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of Information technology products and technology research and development services | ||||||
China Mobile Shanghai ICT Co Ltd [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 200,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of Information technology products and technology research and development services | ||||||
China Mobile Financial Technology Co Ltd [member] | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 500,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of e-payment, e-commerce and Internet finance services |
Subsidiaries - Summary of Sub_2
Subsidiaries - Summary of Subsidiaries (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Aspire Holdings Limited [member] | |
Disclosure of subsidiaries [Line Items] | |
Effective interest held | 66.41% |
Investments Accounted for Usi_3
Investments Accounted for Using the Equity Method - Summary of Investments Accounted for Using the Equity Method (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Investments in subsidiaries, joint ventures and associates [abstract] | |||
Associates | ¥ 144,059 | ¥ 129,442 | ¥ 131,636 |
Joint ventures | 1,266 | 863 | 863 |
Investments accounted for using equity method | ¥ 145,325 | ¥ 130,305 | ¥ 132,499 |
Investments Accounted for Usi_4
Investments Accounted for Using the Equity Method - Details of Principal Associates (Detail) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
SPD Bank [member] | ||
Disclosure of associates [line items] | ||
Place of incorporation | PRC | |
Place of establishment and operation | PRC | |
Proportion of ownership interest held by the Company or its subsidiary | 18.00% | 18.00% |
Principal activity | Provision of banking services | |
China Tower Corporation Limited (China Tower) [member] | ||
Disclosure of associates [line items] | ||
Place of incorporation | PRC | |
Place of establishment and operation | PRC | |
Proportion of ownership interest held by the Company or its subsidiary | 28.00% | 38.00% |
Principal activity | Construction, maintenance and operation of telecommunications towers | |
IFLYTEK Co., Ltd. ("IFLYTEK") [member] | ||
Disclosure of associates [line items] | ||
Place of incorporation | PRC | |
Place of establishment and operation | PRC | |
Proportion of ownership interest held by the Company or its subsidiary | 13.00% | 13.00% |
Principal activity | Provision of Chinese speech and language technology products and services | |
True Corporation Public Company Limited ("True Corporation") [member] | ||
Disclosure of associates [line items] | ||
Place of incorporation | Thailand | |
Place of establishment and operation | Thailand | |
Proportion of ownership interest held by the Company or its subsidiary | 18.00% | 18.00% |
Principal activity | Provision of telecommunications services |
Investments Accounted for Usi_5
Investments Accounted for Using the Equity Method - Summary Financial Information on Principal Associates (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | Dec. 31, 2015 | |
Disclosure of associates [line items] | |||||
Total current assets | ¥ 535,116 | ¥ 558,196 | |||
Total assets | 1,535,910 | 1,522,113 | |||
Total non-current assets | 1,000,794 | 963,917 | |||
Total liabilities | 480,101 | 533,232 | |||
Total current liabilities | 474,398 | 529,982 | |||
Total non-current liabilities | 5,703 | 3,250 | |||
Total equity | 1,055,809 | 988,881 | ¥ 982,138 | ¥ 920,368 | |
Total equity attributable to equity shareholders | 1,052,405 | 985,636 | |||
Interest in associates | 144,059 | 131,636 | ¥ 129,442 | ||
Revenue | 736,819 | 740,514 | 708,421 | ||
Profit/(loss) before taxation | 153,895 | 148,137 | 144,462 | ||
Profit/(loss) attributable to ordinary equity shareholders for the year | 117,781 | 114,279 | 108,741 | ||
Other comprehensive income/(loss) | 2,240 | (1,778) | (261) | ||
Total comprehensive income/(loss) | 120,191 | 112,636 | 108,578 | ||
SPD Bank [member] | |||||
Disclosure of associates [line items] | |||||
Total assets | 6,289,606 | 6,137,240 | |||
Total liabilities | 5,811,226 | 5,706,255 | |||
Total equity | 478,380 | 430,985 | |||
Total equity attributable to equity shareholders | ¥ 441,642 | ¥ 395,484 | |||
Percentage of ownership of the Group | 18.00% | 18.00% | |||
Total equity attributable to the Group | ¥ 80,291 | ¥ 71,896 | |||
The impact of fair value adjustments at the time of acquisition, goodwill and others | 6,660 | 6,663 | |||
Interest in associates | 86,951 | 78,559 | |||
Revenue | 171,542 | 168,619 | 160,792 | ||
Profit/(loss) before taxation | 65,284 | 69,828 | 69,975 | ||
Profit/(loss) attributable to ordinary equity shareholders for the year | 54,189 | 52,533 | 51,374 | ||
Other comprehensive income/(loss) | 6,979 | (5,568) | (5,480) | ||
Total comprehensive income/(loss) | 61,168 | 46,965 | 45,894 | ||
Dividends received from associates | 533 | 821 | 1,921 | ||
China Tower Corporation Limited (China Tower) [member] | |||||
Disclosure of associates [line items] | |||||
Total current assets | 31,799 | 30,517 | |||
Total non-current assets | 283,565 | 292,126 | |||
Total current liabilities | 114,759 | 150,041 | |||
Total non-current liabilities | 20,103 | 45,107 | |||
Total equity | 180,502 | 127,495 | |||
Total equity attributable to equity shareholders | ¥ 180,502 | ¥ 127,495 | |||
Percentage of ownership of the Group | 28.00% | 38.00% | |||
Total equity attributable to the Group | ¥ 50,414 | ¥ 48,448 | |||
Elimination of unrealized profits resulting from the transfer of Tower Assets and its realization | (3,115) | (4,856) | |||
Interest in associates | 47,299 | 43,592 | |||
Revenue | 71,819 | 68,665 | 54,474 | ||
Profit/(loss) before taxation | 3,475 | 2,685 | (776) | ||
Profit/(loss) attributable to ordinary equity shareholders for the year | 2,650 | 1,943 | (575) | ||
Total comprehensive income/(loss) | 2,650 | 1,943 | (575) | ||
IFLYTEK Co., Ltd. ("IFLYTEK") [member] | |||||
Disclosure of associates [line items] | |||||
Total current assets | 7,762 | 7,329 | |||
Total non-current assets | 7,540 | 6,151 | |||
Total current liabilities | 5,813 | 4,428 | |||
Total non-current liabilities | 1,278 | 1,042 | |||
Total equity | 8,211 | 8,010 | |||
Total equity attributable to equity shareholders | ¥ 7,971 | ¥ 7,759 | |||
Percentage of ownership of the Group | 13.00% | 13.00% | |||
Total equity attributable to the Group | ¥ 1,075 | ¥ 1,047 | |||
The impact of fair value adjustments at the time of acquisition, goodwill and others | 812 | 805 | |||
Interest in associates | 1,887 | 1,852 | |||
Revenue | 7,917 | 5,458 | 3,320 | ||
Profit/(loss) before taxation | 659 | 584 | 561 | ||
Profit/(loss) attributable to ordinary equity shareholders for the year | 542 | 428 | 484 | ||
Other comprehensive income/(loss) | 1 | ||||
Total comprehensive income/(loss) | 543 | 428 | 484 | ||
Dividends received from associates | 18 | 18 | 18 | ||
True Corporation Public Company Limited ("True Corporation") [member] | |||||
Disclosure of associates [line items] | |||||
Total current assets | 26,309 | 23,566 | |||
Total non-current assets | 78,251 | 69,511 | |||
Total current liabilities | 43,097 | 39,589 | |||
Total non-current liabilities | 33,215 | 26,643 | |||
Total equity | 28,248 | 26,845 | |||
Total equity attributable to equity shareholders | ¥ 28,123 | ¥ 26,711 | |||
Percentage of ownership of the Group | 18.00% | 18.00% | |||
Total equity attributable to the Group | ¥ 5,062 | ¥ 4,808 | |||
The impact of fair value adjustments at the time of acquisition, goodwill and others | 2,851 | 2,664 | |||
Interest in associates | 7,913 | 7,472 | |||
Revenue | 33,214 | 28,262 | 23,520 | ||
Profit/(loss) before taxation | 2,662 | 726 | (437) | ||
Profit/(loss) attributable to ordinary equity shareholders for the year | 1,444 | 465 | (531) | ||
Other comprehensive income/(loss) | (46) | 32 | (87) | ||
Total comprehensive income/(loss) | 1,398 | ¥ 497 | (618) | ||
Dividends received from associates | ¥ 39 | ¥ 5 |
Investments Accounted for Usi_6
Investments Accounted for Using the Equity Method - Summary Financial Information on Principal Associates (Parenthetical) (Detail) - 12 months ended Dec. 31, 2018 - China Tower Corporation Limited (China Tower) [member] ¥ in Millions | CNY (¥) | $ / sharesshares |
Disclosure of associates [line items] | ||
Proportion of ownership interest held by the Company or its subsidiary before dilution | 38.00% | |
Proportion of ownership interest held by the Company or its subsidiary after dilution | 28.00% | |
Ordinary shares issued | shares | 46,663,856,000 | |
Issue price per share | $ / shares | $ 1.26 | |
Gain from equity interest dilution | ¥ | ¥ 2,271 |
Investments Accounted for Usi_7
Investments Accounted for Using the Equity Method - Fair Value of Interests in Listed Associates (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of associates [line items] | |||
Carrying amount | ¥ 144,059 | ¥ 129,442 | ¥ 131,636 |
SPD Bank [member] | |||
Disclosure of associates [line items] | |||
Carrying amount | 86,951 | 78,559 | |
Fair value | 52,282 | 67,166 | |
China Tower Corporation Limited (China Tower) [member] | |||
Disclosure of associates [line items] | |||
Carrying amount | 47,299 | 43,592 | |
Fair value | 63,738 | ||
IFLYTEK Co., Ltd. ("IFLYTEK") [member] | |||
Disclosure of associates [line items] | |||
Carrying amount | 1,887 | 1,852 | |
Fair value | 6,623 | 10,598 | |
True Corporation Public Company Limited ("True Corporation") [member] | |||
Disclosure of associates [line items] | |||
Carrying amount | 7,913 | 7,472 | |
Fair value | ¥ 6,589 | ¥ 7,450 |
Investments Accounted for Usi_8
Investments Accounted for Using the Equity Method - Additional Information (Detail) - CNY (¥) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
China Mobile Innovative Business Fund (Shenzhen) Partnership (Limited Partnership) [Member] | ||
Disclosure of associates [line items] | ||
Committed cash to joint venture | ¥ 1,500,000,000 | |
Percentage of equity interest | 50.00% | |
Amount contributed to joint venture | ¥ 1,134,000,000 | ¥ 759,000,000 |
Remaining commitment to joint venture | 366,000,000 | 741,000,000 |
Contingent liabilities relating to interest in the joint ventures | 0 | |
SPD Bank [member] | ||
Disclosure of associates [line items] | ||
Fair value of investment | ¥ 52,282,000,000 | ¥ 67,166,000,000 |
Percentage of fair value of investment below its carrying amount | 39.90% | 14.50% |
Impairment on investment | ¥ 0 | |
True Corporation Public Company Limited ("True Corporation") [member] | ||
Disclosure of associates [line items] | ||
Fair value of investment | ¥ 6,589,000,000 | ¥ 7,450,000,000 |
Percentage of fair value of investment below its carrying amount | 16.70% | 0.30% |
Impairment on investment | ¥ 0 |
Deferred Tax Assets and Liabi_3
Deferred Tax Assets and Liabilities - Analysis of Deferred Tax Assets and Liabilities (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deferred tax assets | ¥ 29,654 | ¥ 33,343 |
Deferred tax liabilities | (822) | (362) |
After 12 months [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deferred tax assets | 2,982 | 8,236 |
Deferred tax liabilities | (598) | (258) |
Within 1 year or on demand [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deferred tax assets | 26,672 | 25,107 |
Deferred tax liabilities | ¥ (224) | ¥ (104) |
Deferred Tax Assets and Liabi_4
Deferred Tax Assets and Liabilities - Deferred Tax Assets and Liabilities Recognized and Movements During the Period (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | ¥ 32,981 | ¥ 29,475 | |
(Charged)/ credited to profit or loss | (1,274) | 3,482 | |
(Charged)/ credited to other comprehensive income | 2 | ¥ (8) | |
Exchange differences | (20) | 22 | |
Ending balance | 28,832 | 32,981 | 29,475 |
Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 32,981 | ||
Ending balance | 32,981 | ||
Increase (decrease) due to changes in accounting policy [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (2,855) | ||
Ending balance | (2,855) | ||
As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 30,126 | ||
Ending balance | 30,126 | ||
Deferred tax asset [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 33,343 | 29,767 | |
(Charged)/ credited to profit or loss | (834) | 3,574 | |
(Charged)/ credited to other comprehensive income | 2 | ||
Ending balance | 29,654 | 33,343 | 29,767 |
Deferred tax asset [member] | Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 33,343 | ||
Ending balance | 33,343 | ||
Deferred tax asset [member] | Increase (decrease) due to changes in accounting policy [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (2,855) | ||
Ending balance | (2,855) | ||
Deferred tax asset [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 30,488 | ||
Ending balance | 30,488 | ||
Deferred tax asset [member] | Write-down for obsolete inventories [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 120 | 175 | |
(Charged)/ credited to profit or loss | (45) | (55) | |
Ending balance | 75 | 120 | 175 |
Deferred tax asset [member] | Write-down for obsolete inventories [member] | Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 120 | ||
Ending balance | 120 | ||
Deferred tax asset [member] | Write-down for obsolete inventories [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 120 | ||
Ending balance | 120 | ||
Deferred tax asset [member] | Write-off and impairment of certain network equipment and related assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 7,082 | 4,538 | |
(Charged)/ credited to profit or loss | (1,793) | 2,544 | |
Ending balance | 5,289 | 7,082 | 4,538 |
Deferred tax asset [member] | Write-off and impairment of certain network equipment and related assets [member] | Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 7,082 | ||
Ending balance | 7,082 | ||
Deferred tax asset [member] | Write-off and impairment of certain network equipment and related assets [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 7,082 | ||
Ending balance | 7,082 | ||
Deferred tax asset [member] | Accrued operating expenses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 18,934 | 17,969 | |
(Charged)/ credited to profit or loss | (1,219) | 965 | |
Ending balance | 17,715 | 18,934 | 17,969 |
Deferred tax asset [member] | Accrued operating expenses [member] | Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 18,934 | ||
Ending balance | 18,934 | ||
Deferred tax asset [member] | Accrued operating expenses [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 18,934 | ||
Ending balance | 18,934 | ||
Deferred tax asset [member] | Deferred revenue from Reward Program [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 5,943 | 5,796 | |
(Charged)/ credited to profit or loss | (159) | 147 | |
Ending balance | 5,784 | 5,943 | 5,796 |
Deferred tax asset [member] | Deferred revenue from Reward Program [member] | Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 5,943 | ||
Ending balance | 5,943 | ||
Deferred tax asset [member] | Deferred revenue from Reward Program [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 5,943 | ||
Ending balance | 5,943 | ||
Deferred tax asset [member] | Impairment loss of doubtful accounts [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,270 | 1,297 | |
(Charged)/ credited to profit or loss | 164 | (27) | |
Ending balance | 1,458 | 1,270 | 1,297 |
Deferred tax asset [member] | Impairment loss of doubtful accounts [member] | Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,270 | ||
Ending balance | 1,270 | ||
Deferred tax asset [member] | Impairment loss of doubtful accounts [member] | Increase (decrease) due to changes in accounting policy [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 24 | ||
Ending balance | 24 | ||
Deferred tax asset [member] | Impairment loss of doubtful accounts [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,294 | ||
Ending balance | 1,294 | ||
Deferred tax asset [member] | Change in value of available for sale financial assets [Member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (6) | (8) | |
(Charged)/ credited to other comprehensive income | 2 | ||
Ending balance | (6) | (8) | |
Deferred tax asset [member] | Change in value of available for sale financial assets [Member] | Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (6) | ||
Ending balance | (6) | ||
Deferred tax asset [member] | Change in value of available for sale financial assets [Member] | Increase (decrease) due to changes in accounting policy [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 6 | ||
Ending balance | 6 | ||
Deferred tax asset [member] | Change in value of financial assets at F- V- O- C- I- [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Ending balance | (6) | ||
Deferred tax asset [member] | Change in value of financial assets at F- V- O- C- I- [member] | Increase (decrease) due to changes in accounting policy [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (6) | ||
Ending balance | (6) | ||
Deferred tax asset [member] | Change in value of financial assets at F- V- O- C- I- [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (6) | ||
Ending balance | (6) | ||
Deferred tax asset [member] | Contract asset, contract liability and contract cost relating to customer contract [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
(Charged)/ credited to profit or loss | 2,218 | ||
Ending balance | (661) | ||
Deferred tax asset [member] | Contract asset, contract liability and contract cost relating to customer contract [member] | Increase (decrease) due to changes in accounting policy [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (2,879) | ||
Ending balance | (2,879) | ||
Deferred tax asset [member] | Contract asset, contract liability and contract cost relating to customer contract [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (2,879) | ||
Ending balance | (2,879) | ||
Deferred tax liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
(Charged)/ credited to profit or loss | (440) | ||
Exchange differences | (20) | ||
Ending balance | (822) | ||
Deferred tax liabilities [member] | Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (362) | ||
Ending balance | (362) | ||
Deferred tax liabilities [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (362) | ||
Ending balance | (362) | ||
Deferred tax liabilities [member] | Depreciation allowance in excess of related depreciation [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (362) | (292) | |
(Charged)/ credited to profit or loss | (736) | (92) | |
Exchange differences | (19) | 22 | |
Ending balance | (1,117) | (362) | ¥ (292) |
Deferred tax liabilities [member] | Depreciation allowance in excess of related depreciation [member] | Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (362) | ||
Ending balance | (362) | ||
Deferred tax liabilities [member] | Depreciation allowance in excess of related depreciation [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (362) | ||
Ending balance | ¥ (362) | ||
Deferred tax liabilities [member] | Deferred tax liabilities other [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
(Charged)/ credited to profit or loss | 296 | ||
Exchange differences | (1) | ||
Ending balance | ¥ 295 |
Deferred Tax Assets and Liabi_5
Deferred Tax Assets and Liabilities - Additional Information (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deductible temporary differences where deferred tax assets were not recognized | ¥ 12,536 | ¥ 6,885 |
Tax losses where deferred tax assets were not recognized | 16,490 | 8,713 |
Deferred tax assets | 29,654 | 33,343 |
Temporary differences [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deferred tax assets | 3,130 | 1,716 |
Unused tax losses [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deferred tax assets | ¥ 3,346 | ¥ 2,079 |
Fair Value Measurement of Fin_3
Fair Value Measurement of Financial Instruments - Analysis of Fair Value Measurement of Financial Assets (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | |
Disclosure of fair value measurement of assets [line items] | ||||
Fair value gains recognized in profit or loss | ¥ 4,442 | ¥ 2,999 | ¥ 1,291 | |
Current portion | 76,425 | |||
Non-current portion | 587 | |||
As restated [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Current portion | ¥ 65,630 | |||
Non-current portion | ¥ 44 | |||
Equity investments [member] | Previously stated [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Beginning balance | 44 | |||
Equity investments [member] | Increase (decrease) due to changes in accounting policy [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Beginning balance | (44) | |||
Wealth management products [member] | Previously stated [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Beginning balance | 65,630 | |||
Wealth management products [member] | Increase (decrease) due to changes in accounting policy [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Beginning balance | (65,630) | |||
Financial assets at fair value through other comprehensive income, category [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Addition | 711 | |||
Fair value gains recognized in other comprehensive income, before tax | (168) | |||
Ending balance | 587 | |||
Non-current portion | 587 | |||
Financial assets at fair value through other comprehensive income, category [member] | Increase (decrease) due to changes in accounting policy [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Beginning balance | 44 | |||
Financial assets at fair value through other comprehensive income, category [member] | As restated [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Non-current portion | 44 | |||
Financial assets at fair value through profit or loss, category [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Addition | 116,941 | |||
Maturity | (110,087) | |||
Fair value gains recognized in profit or loss | 4,442 | |||
Ending balance | 76,926 | |||
Current portion | (76,425) | |||
Non-current portion | 501 | |||
Financial assets at fair value through profit or loss, category [member] | Increase (decrease) due to changes in accounting policy [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Beginning balance | 65,630 | |||
Financial assets at fair value through profit or loss, category [member] | As restated [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Current portion | ¥ 65,630 |
Fair Value Measurement of Fin_4
Fair Value Measurement of Financial Instruments - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Disclosure of fair value measurement of assets [abstract] | |
Transfers between the levels of fair value hierarchy | $ 0 |
Restricted Bank Deposits - Summ
Restricted Bank Deposits - Summary of Restricted Bank Deposits (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of restricted bank deposits [Line Items] | ||
Restricted bank deposits, Non-current assets | ¥ 12,369 | ¥ 6,504 |
Restricted bank deposits, Current assets | 9 | 691 |
Restricted bank deposits, Total | 12,378 | 7,195 |
Statutory deposit reserves [member] | ||
Disclosure of restricted bank deposits [Line Items] | ||
Restricted bank deposits, Non-current assets | 4,486 | 3,453 |
Restricted bank deposits, Total | 4,486 | 3,453 |
Deposited customer reserves [member] | ||
Disclosure of restricted bank deposits [Line Items] | ||
Restricted bank deposits, Non-current assets | 7,882 | 3,047 |
Restricted bank deposits, Total | 7,882 | 3,047 |
Pledged bank deposits [member] | ||
Disclosure of restricted bank deposits [Line Items] | ||
Restricted bank deposits, Non-current assets | 1 | 4 |
Restricted bank deposits, Current assets | 9 | 691 |
Restricted bank deposits, Total | ¥ 10 | ¥ 695 |
Inventories - Summary of Invent
Inventories - Summary of Inventories (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Classes of current inventories [abstract] | ||
SIM cards, handsets and other terminals | ¥ 6,939 | ¥ 8,357 |
Other consumables | 1,918 | 1,865 |
Inventories | ¥ 8,857 | ¥ 10,222 |
Accounts Receivable - Aging Ana
Accounts Receivable - Aging Analysis of Accounts Receivable, Net of Loss Allowance (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Accounts receivable, net | ¥ 26,540 | ¥ 24,153 |
Within 30 days [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable, net | 11,160 | 13,711 |
31-60 days [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable, net | 3,680 | 3,002 |
61-90 days [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable, net | 2,358 | 1,798 |
Over 90 days [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable, net | ¥ 9,342 | ¥ 5,642 |
Accounts Receivable - Summary o
Accounts Receivable - Summary of Changes in Loss Allowance of Accounts Receivable (Detail) - Impairment of accounts receivable [member] - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | ||
Beginning balance | ¥ 5,668 | ¥ 5,762 |
Impairment loss recognized | 4,480 | 3,415 |
Accounts receivable written off | (3,074) | (3,509) |
Ending balance | 7,269 | 5,668 |
As restated [member] | ||
Disclosure of financial assets [line items] | ||
Beginning balance | 5,863 | 5,762 |
Ending balance | ¥ 5,863 | |
Increase (decrease) due to changes in accounting policy [member] | ||
Disclosure of financial assets [line items] | ||
Changes in accounting policy-IFRS 9 | ¥ 195 |
Other Receivables, Prepayment_2
Other Receivables, Prepayments and Other Current Assets - Additional Information (Detail) - CNY (¥) | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets [line items] | ||
Other receivables, current | ¥ 39,543,000,000 | ¥ 31,201,000,000 |
China Tower Corporation Limited (China Tower) [member] | ||
Disclosure of financial assets [line items] | ||
Other receivables, current | 11,000,000,000 | 8,050,000,000 |
China Mobile Finance [member] | ||
Disclosure of financial assets [line items] | ||
Other receivables, current | 13,260,000,000 | 5,600,000,000 |
China Mobile Finance [member] | Neither past due nor impaired [member] | ||
Disclosure of financial assets [line items] | ||
Other receivables, current | ¥ 0 | ¥ 0 |
Amount Due From_To Ultimate Hol
Amount Due From/To Ultimate Holding Company - Additional Information (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of transactions between related parties [line items] | ||
Amount due to ultimate holding company | ¥ 11,020 | ¥ 8,646 |
China Mobile Finance [member] | ||
Disclosure of transactions between related parties [line items] | ||
Amount due to ultimate holding company | ¥ 10,873 | ¥ 8,611 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Cash and cash equivalents [abstract] | ||||
Bank deposits with original maturity within three months | ¥ 3,470 | ¥ 5,907 | ||
Cash at banks and on hand | 53,832 | 114,729 | ||
Cash and cash equivalents | ¥ 57,302 | ¥ 120,636 | ¥ 90,413 | ¥ 79,842 |
Accounts Payable - Aging Analys
Accounts Payable - Aging Analysis of Accounts Payable (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial liabilities [line items] | ||
Accounts payable | ¥ 190,847 | ¥ 233,169 |
Within 1 month or on demand [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | 164,081 | 201,429 |
After 1 month but within 3 months [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | 8,902 | 13,086 |
After 3 months but within 6 months [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | 7,349 | 7,660 |
After 6 months but within 9 months [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | 3,411 | 2,761 |
After 9 months but within 12 months [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | ¥ 7,104 | ¥ 8,233 |
Deferred Revenue - Summary of D
Deferred Revenue - Summary of Deferred Revenue (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of deferred income [line items] | ||
Beginning balance | ¥ 88,170 | |
Beginning balance, Current portion | 85,282 | |
Beginning balance, Non-current portion | 2,888 | ¥ 2,175 |
Additions during the year | 299,383 | 352,011 |
Recognized in the consolidated statements of comprehensive income | (319,102) | (350,305) |
Ending balance | 68,066 | 88,170 |
Less: Ending balance, Current portion | (63,185) | (85,282) |
Ending balance, Non-current portion | 4,881 | 2,888 |
Previously stated [member] | ||
Disclosure of deferred income [line items] | ||
Beginning balance | 88,170 | 86,464 |
Beginning balance, Current portion | 85,282 | |
Ending balance | 88,170 | |
Less: Ending balance, Current portion | (85,282) | |
Increase (decrease) due to changes in accounting policy [member] | ||
Disclosure of deferred income [line items] | ||
Changes in accounting policy - IFRS 15 | (385) | |
As restated [member] | ||
Disclosure of deferred income [line items] | ||
Beginning balance, Current portion | ¥ 84,897 | 84,289 |
Less: Ending balance, Current portion | ¥ (84,897) |
Accrued Expenses and Other Pa_3
Accrued Expenses and Other Payables - Summary of Accrued Expenses And Other Payables (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Subclassifications of assets, liabilities and equities [abstract] | ||
Receipts-in-advance | ¥ 69,629 | ¥ 73,583 |
Other payables | 31,990 | 26,643 |
Accrued salaries, wages, labor service expenses and other benefits | 6,950 | 6,535 |
Accrued expenses | 87,003 | 84,105 |
Accrued expenses and other payables | ¥ 195,572 | ¥ 190,866 |
Capital, Reserves and Dividen_3
Capital, Reserves and Dividends - Summary of Share Capital (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥)shares | Dec. 31, 2018HKD ($)shares | Dec. 31, 2017CNY (¥)shares | Dec. 31, 2017HKD ($)shares |
Disclosure of classes of share capital [abstract] | ||||
Number of shares, beginning period | 20,475,482,897 | 20,475,482,897 | 20,475,482,897 | 20,475,482,897 |
Number of shares, end period | 20,475,482,897 | 20,475,482,897 | 20,475,482,897 | 20,475,482,897 |
Ordinary shares, issued and fully paid at beginning period | ¥ 402,130 | $ 382,263 | ¥ 402,130 | $ 382,263 |
Ordinary shares, issued and fully paid at ending period | ¥ 402,130 | $ 382,263 | ¥ 402,130 | $ 382,263 |
Capital, Reserves and Dividen_4
Capital, Reserves and Dividends - Summary of Dividends (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Ordinary interim dividend declared and paid of HK$1.826 (equivalent to approximately RMB1.540) (2017: HK$1.623 (equivalent to approximately RMB1.409); 2016: HK$1.489 (equivalent to approximately RMB1.273)) per share | ¥ 32,870 | ¥ 28,211 | ¥ 26,227 |
Special dividend declared and paid of HK$3.200 (equivalent to approximately RMB2.777) per share in 2017 | 55,621 | ||
Ordinary final dividend proposed after the balance sheet date of HK$1.391 (equivalent to approximately RMB1.219) (2017: HK$1.582 (equivalent to approximately RMB1.322); 2016: HK$1.243 (equivalent to approximately RMB1.112)) per share | 24,955 | 27,077 | 22,766 |
Dividends recognised as distributions to owners | 57,825 | 110,909 | 48,993 |
Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.582 (equivalent to approximately RMB1.322) (2017: HK$1.243 (equivalent to approximately RMB1.112); 2016: HK$1.196 (equivalent to approximately RMB1.002)) per share | 27,070 | 22,211 | 20,777 |
Attributable to equity shareholders of the Company [member] | |||
Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.582 (equivalent to approximately RMB1.322) (2017: HK$1.243 (equivalent to approximately RMB1.112); 2016: HK$1.196 (equivalent to approximately RMB1.002)) per share | ¥ 27,060 | ¥ 22,204 | ¥ 20,764 |
Capital, Reserves and Dividen_5
Capital, Reserves and Dividends - Summary of Dividends (Parenthetical) (Detail) | 12 Months Ended | |||||
Dec. 31, 2018$ / shares | Dec. 31, 2018¥ / shares | Dec. 31, 2017$ / shares | Dec. 31, 2017¥ / shares | Dec. 31, 2016$ / shares | Dec. 31, 2016¥ / shares | |
Statement of changes in equity [abstract] | ||||||
Dividend declared and paid, per share | (per share) | $ 1.826 | ¥ 1.540 | $ 1.623 | ¥ 1.409 | $ 1.489 | ¥ 1.273 |
Dividend proposed per share, per share | (per share) | 1.391 | 1.219 | 1.582 | 1.322 | 1.243 | 1.112 |
Special dividend declared and paid per share | (per share) | 0 | 0 | 3.200 | 2.777 | 0 | 0 |
Dividend approved and paid of the previous financial year, per share | (per share) | $ 1.582 | ¥ 1.322 | $ 1.243 | ¥ 1.112 | $ 1.196 | ¥ 1.002 |
Capital, Reserves and Dividen_6
Capital, Reserves and Dividends - Additional Information (Detail) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018CNY (¥) | Dec. 28, 2018 | Dec. 31, 2017 | |
Statement of changes in equity [abstract] | |||
Exchange rate of HK$1 at dividend declaration date | 0.87620 | ||
Enterprise income tax percentage of dividends | 10.00% | ||
Capital reserve | ¥ 295,665 | ||
Percentage of profit after taxation required to be transferred to the statutory surplus reserve | 10.00% | ||
Threshold percentage of profit after taxation required to the statutory surplus reserve | 50.00% | ||
Minimum statutory reserve percentage | 25.00% | ||
Total debt-to-book capitalization ratio | 0.00% | 0.00% |
Related Party Transactions - Tr
Related Party Transactions - Transactions with CMCC Group (Detail) - China Mobile Communications Corporation [member] - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of transactions between related parties [line items] | |||
Short-term bank deposits received | ¥ 10,873 | ¥ 8,611 | ¥ 5,552 |
Short-term bank deposits repaid | 8,611 | 5,552 | 7,274 |
Interest expenses | 142 | 21 | 7 |
Telecommunications [member] | |||
Disclosure of transactions between related parties [line items] | |||
Services revenue | 71 | 47 | 159 |
Property leasing and management [member] | |||
Disclosure of transactions between related parties [line items] | |||
Services revenue | 226 | 188 | 197 |
Services charges | 1,009 | 999 | 976 |
Network assets [member] | |||
Disclosure of transactions between related parties [line items] | |||
Leasing charges | 2,308 | 2,494 | 2,738 |
Network capacity [member] | |||
Disclosure of transactions between related parties [line items] | |||
Leasing charges | ¥ 402 | ¥ 1,047 | ¥ 2,696 |
Related Party Transactions - Am
Related Party Transactions - Amounts due from/to CMCC Group (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of transactions between related parties [line items] | ||
Prepayments and other current assets | ¥ 27,002 | ¥ 24,552 |
China Mobile Communications Corporation [member] | ||
Disclosure of transactions between related parties [line items] | ||
Accounts receivable | 282 | 301 |
Other receivables | 145 | 116 |
Prepayments and other current assets | 5 | |
Accounts payable | 5,825 | 4,580 |
Accrued expenses and other payables | ¥ 80 | ¥ 131 |
Related Party Transactions - Si
Related Party Transactions - Significant transactions with associates of the Group and of CMCC Group (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of transactions between related parties [line items] | |||
Prepayments and other current assets | ¥ 27,002 | ¥ 24,552 | |
Bank deposits | 291,887 | 279,371 | |
Telecommunications services revenue | 670,907 | 668,351 | ¥ 623,422 |
Interest and other income | 15,885 | 15,883 | 16,005 |
Associates and joint ventures [member] | |||
Disclosure of transactions between related parties [line items] | |||
Accounts receivable | 240 | 313 | |
Interest receivable | 829 | 997 | |
Other receivables | 12,518 | 12,565 | |
Prepayments and other current assets | 160 | 51 | |
Available-for-sale financial assets | 31,778 | ||
Financial assets at FVPL | 41,128 | ||
Bank deposits | 44,955 | 62,969 | |
Accounts payable | 3,252 | 4,479 | |
Accrued expenses and other payables | 7,301 | 5,429 | |
Telecommunications services revenue | 604 | 828 | 637 |
Telecommunications services charges | 422 | ||
Property leasing and management services revenue | 40 | 99 | 1 |
Charges for use of tower assets | 37,837 | 36,335 | 28,144 |
Interest and other income | 4,083 | 4,807 | 4,140 |
Dividend income | ¥ 691 | ¥ 847 | ¥ 1,944 |
Financial Risk Management and_3
Financial Risk Management and Fair Values - Summary of Expected Loss Rate Accounts Receivable Due (Detail) | Dec. 31, 2018 |
Within 30 days [member] | Individual customer [member] | |
Disclosure of provision matrix [line items] | |
Expected loss rate | 2.00% |
31 days to 90 days [member] | Individual customer [member] | |
Disclosure of provision matrix [line items] | |
Expected loss rate | 20.00% |
91 days to 1 year [member] | Individual customer [member] | |
Disclosure of provision matrix [line items] | |
Expected loss rate | 80.00% |
Over 1 year [member] | Individual customer [member] | |
Disclosure of provision matrix [line items] | |
Expected loss rate | 100.00% |
Within 180 days [member] | Corporate customer [member] | |
Disclosure of provision matrix [line items] | |
Expected loss rate | 2.00% |
181 days to 1 year [member] | Corporate customer [member] | |
Disclosure of provision matrix [line items] | |
Expected loss rate | 20.00% |
1 year to 2 years [member] | Corporate customer [member] | |
Disclosure of provision matrix [line items] | |
Expected loss rate | 60.00% |
2 years to 3 years [member] | Corporate customer [member] | |
Disclosure of provision matrix [line items] | |
Expected loss rate | 80.00% |
Over 3 years [member] | Corporate customer [member] | |
Disclosure of provision matrix [line items] | |
Expected loss rate | 100.00% |
Financial Risk Management and_4
Financial Risk Management and Fair Values - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about financial instruments [Line Items] | |||
Short-term bank deposits from ultimate holding company | ¥ 10,873 | ¥ 8,611 | |
Cash and bank balances | 53,832 | 114,729 | |
Interest and other income | 15,885 | 15,883 | ¥ 16,005 |
Wealth management products | ¥ 76,425 | ¥ 65,630 | |
Foreign currency cash and deposits, percentage | 3.30% | 2.50% | |
Accounts receivables [member] | |||
Disclosure of detailed information about financial instruments [Line Items] | |||
Loss allowances increase | ¥ 1,406 | ||
Accounts receivable, loss allowances | 7,269 | ||
Interest rate risk [member] | |||
Disclosure of detailed information about financial instruments [Line Items] | |||
Cash and bank balances | 361,567 | ¥ 407,202 | |
Interest bearing receivables | 24,260 | 13,650 | |
Interest and other income | ¥ 15,885 | ¥ 15,883 | ¥ 16,005 |
Average interest rate | 3.33% | 3.13% | 3.44% |
Sensitivity analysis, percentage | 1.00% | 1.00% | 1.00% |
Sensitivity analysis, increase/decrease in profit for the year and total equity | ¥ 3,480 | ¥ 3,182 | ¥ 3,695 |
Financial Risk Management and_5
Financial Risk Management and Fair Values - Remaining Contractual Maturities of Financial Liabilities (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of maturity analysis for non-derivative financial liabilities [abstract] | ||
Accounts payable | ¥ 190,847 | ¥ 233,169 |
Bills payable | 3,221 | 3,303 |
Accrued expenses and other payables | 195,572 | 190,866 |
Amount due to ultimate holding company | 11,020 | 8,646 |
Financial liabilities | ¥ 400,660 | ¥ 435,984 |
Commitments - Summary of Capita
Commitments - Summary of Capital Commitments (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of capital commitments [Line Items] | ||
Contractual capital commitments | ¥ 53,501 | ¥ 43,062 |
Land and buildings [member] | ||
Disclosure of capital commitments [Line Items] | ||
Contractual capital commitments | 9,327 | 10,950 |
Telecommunications transceivers, switching centers, transmission and other network equipment [member] | ||
Disclosure of capital commitments [Line Items] | ||
Contractual capital commitments | ¥ 44,174 | ¥ 32,112 |
Commitments - Future Minimum Le
Commitments - Future Minimum Lease Payments Under Non-cancellable Operating Leases (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | ¥ 220,301 | ¥ 197,967 |
Within 1 year or on demand [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 56,336 | 58,097 |
After one year but within five years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 149,255 | 133,798 |
After five years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 14,710 | 6,072 |
Land and buildings [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 46,075 | 35,547 |
Land and buildings [member] | Within 1 year or on demand [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 10,067 | 10,344 |
Land and buildings [member] | After one year but within five years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 24,843 | 20,372 |
Land and buildings [member] | After five years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 11,165 | 4,831 |
Leased lines and network assets [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 171,419 | 160,378 |
Leased lines and network assets [member] | Within 1 year or on demand [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 44,867 | 46,730 |
Leased lines and network assets [member] | After one year but within five years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 123,088 | 112,465 |
Leased lines and network assets [member] | After five years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 3,464 | 1,183 |
Others [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 2,807 | 2,042 |
Others [member] | Within 1 year or on demand [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 1,402 | 1,023 |
Others [member] | After one year but within five years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | 1,324 | 961 |
Others [member] | After five years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Future minimum lease payments under non-cancellable operating leases | ¥ 81 | ¥ 58 |
Possible Impact of Amendments_2
Possible Impact of Amendments, New Standards, Interpretations and Disclosures Issued but Not Yet Effective for the Year Ended December 31, 2018 - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of expected impact of initial application of new standards or interpretations [abstract] | ||
Operating lease commitments | ¥ 220,301 | ¥ 197,967 |
Increase percentage of lease liability to right-of-use assets | 3.50% |
Condensed Financial Informati_3
Condensed Financial Information of the Company - Condensed Statements of Comprehensive Income (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of analysis of other comprehensive income by item [Line Items] | |||
Operating expenses | ¥ (615,432) | ¥ (620,388) | ¥ (590,333) |
Interest and other income | 15,885 | 15,883 | 16,005 |
Other gains/(losses) | 2,906 | 2,389 | 1,968 |
Finance costs | (144) | (210) | (235) |
Profit before taxation | 153,895 | 148,137 | 144,462 |
Taxation | (35,944) | (33,723) | (35,623) |
PROFIT FOR THE YEAR | 117,951 | 114,414 | 108,839 |
Other comprehensive income for the year | 2,240 | (1,778) | (261) |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 120,191 | 112,636 | 108,578 |
Parent [member] | |||
Disclosure of analysis of other comprehensive income by item [Line Items] | |||
Dividend income | 60,044 | 111,490 | 49,080 |
Operating expenses | (67) | (77) | (71) |
Interest and other income | 41 | 23 | 11 |
Other gains/(losses) | 250 | (87) | 57 |
Finance costs | (2) | (3) | |
Profit before taxation | 60,268 | 111,347 | 49,074 |
Taxation | (14) | (1) | |
PROFIT FOR THE YEAR | 60,268 | 111,333 | 49,073 |
Other comprehensive income for the year | 0 | 0 | 0 |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | ¥ 60,268 | ¥ 111,333 | ¥ 49,073 |
Condensed Financial Informati_4
Condensed Financial Information of the Company - Condensed Balance Sheets (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Disclosure of information about amounts recognised in balance sheet [Line Items] | ||||
Non-current assets | ¥ 1,000,794 | ¥ 963,917 | ||
Current assets | 535,116 | 558,196 | ||
Current liabilities | 474,398 | 529,982 | ||
Non-current liabilities | 5,703 | 3,250 | ||
Total equity | 1,055,809 | 988,881 | ¥ 982,138 | ¥ 920,368 |
Parent [member] | ||||
Disclosure of information about amounts recognised in balance sheet [Line Items] | ||||
Non-current assets | 491,748 | 490,256 | ||
Current assets | 2,614 | 2,718 | ||
Current liabilities | 4,708 | 3,658 | ||
Non-current liabilities | 0 | 0 | ||
NET ASSETS | 489,654 | 489,316 | ||
Total equity | ¥ 489,654 | ¥ 489,316 |
Condensed Financial Informati_5
Condensed Financial Information of the Company - Condensed Statements of Cash Flows (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of cash flow statement [Line Items] | |||
Net cash generated from operating activities | ¥ 206,151 | ¥ 245,514 | ¥ 253,701 |
Net cash generated from investing activities | (212,231) | (106,533) | (194,523) |
Net cash used in financing activities | (57,820) | (108,231) | (48,958) |
Net (decrease)/increase in cash and cash equivalents | (63,900) | 30,750 | 10,220 |
Cash and cash equivalents at beginning of year | 120,636 | 90,413 | 79,842 |
Effect of changes in foreign exchange rate | 566 | (527) | 351 |
Cash and cash equivalents at end of year | 57,302 | 120,636 | 90,413 |
Parent [member] | |||
Disclosure of cash flow statement [Line Items] | |||
Net cash generated from operating activities | 2 | (72) | (69) |
Net cash generated from investing activities | 15,792 | 28,840 | 12,900 |
Net cash used in financing activities | (16,331) | (28,913) | (12,813) |
Net (decrease)/increase in cash and cash equivalents | (537) | (145) | 18 |
Cash and cash equivalents at beginning of year | 554 | 796 | 753 |
Effect of changes in foreign exchange rate | 228 | (97) | 25 |
Cash and cash equivalents at end of year | ¥ 245 | ¥ 554 | ¥ 796 |