Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2019shares | |
Cover [Abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Annual Report | true |
Document Transition Report | false |
Document Shell Company Report | false |
Entity Voluntary Filers | No |
Entity Interactive Data Current | Yes |
Document Period End Date | Dec. 31, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | FY |
Trading Symbol | CHL |
Title of 12(b) Security | Ordinary shares |
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 |
Entity Address, Country | CN |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Operating revenue | |||
Revenue from telecommunications services | ¥ 674,392 | ¥ 670,907 | ¥ 668,351 |
Revenue from sales of products and others | 71,525 | 65,912 | 72,163 |
Operating revenue | 745,917 | 736,819 | 740,514 |
Operating expenses | |||
Network operation and support expenses | 175,810 | 200,007 | 192,340 |
Depreciation and amortization | 182,818 | 154,154 | 150,295 |
Employee benefit and related expenses | 102,518 | 93,939 | 85,513 |
Selling expenses | 52,813 | 60,326 | 61,086 |
Cost of products sold | 72,565 | 66,231 | 73,668 |
Other operating expenses | 46,244 | 40,775 | 57,486 |
Operating expenses | 632,768 | 615,432 | 620,388 |
Profit from operations | 113,149 | 121,387 | 120,126 |
Other gains | 4,029 | 2,906 | 2,389 |
Interest and other income | 15,560 | 15,885 | 15,883 |
Finance costs | (3,246) | (144) | (210) |
Income from investments accounted for using the equity method | 12,641 | 13,861 | 9,949 |
Profit before taxation | 142,133 | 153,895 | 148,137 |
Taxation | (35,342) | (35,944) | (33,723) |
PROFIT FOR THE YEAR | 106,791 | 117,951 | 114,414 |
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 | (75) | (168) | |
Share of other comprehensive income of investments accounted for using the equity method | 14 | 60 | |
Items that may be subsequently reclassified to profit or loss | |||
Change in value of available-for-sale financial assets | (5) | ||
Currency translation differences | 683 | 1,160 | (735) |
Share of other comprehensive income/(loss) of investments accounted for using the equity method | 428 | 1,188 | (1,038) |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 107,841 | 120,191 | 112,636 |
Profit attributable to: | |||
Equity shareholders of the Company | 106,641 | 117,781 | 114,279 |
Non-controlling interests | 150 | 170 | 135 |
PROFIT FOR THE YEAR | 106,791 | 117,951 | 114,414 |
Total comprehensive income attributable to: | |||
Equity shareholders of the Company | 107,691 | 120,021 | 112,501 |
Non-controlling interests | 150 | 170 | 135 |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | ¥ 107,841 | ¥ 120,191 | ¥ 112,636 |
Earnings per share – Basic | ¥ 5.21 | ¥ 5.75 | ¥ 5.58 |
Earnings per share – Diluted | ¥ 5.18 | ¥ 5.75 | ¥ 5.58 |
Consolidated Balance Sheets
Consolidated Balance Sheets ¥ in Millions, $ in Millions | Dec. 31, 2019CNY (¥) | Dec. 31, 2018CNY (¥) |
Non-current assets | ||
Property, plant and equipment | ¥ 674,832 | ¥ 666,496 |
Right-of-use assets | 74,308 | |
Construction in progress | 67,978 | 72,180 |
Land use rights and others | 27,455 | 27,778 |
Goodwill | 35,343 | 35,343 |
Other intangible assets | 3,475 | 2,620 |
Investments accounted for using the equity method | 155,228 | 145,325 |
Deferred tax assets | 32,628 | 29,654 |
Financial assets at fair value through other comprehensive income | 513 | 587 |
Restricted bank deposits | 10,063 | 12,369 |
Other non-current assets | 17,551 | 8,442 |
Non-current assets | 1,099,374 | 1,000,794 |
Current assets | ||
Inventories | 7,338 | 8,857 |
Contract assets | 5,003 | 5,022 |
Accounts receivable | 32,694 | 26,540 |
Other receivables | 34,133 | 39,543 |
Prepayments and other current assets | 26,708 | 27,002 |
Amount due from ultimate holding company | 1,350 | 570 |
Prepaid income tax | 1,278 | 1,959 |
Financial assets at fair value through profit or loss | 114,259 | 76,425 |
Restricted bank deposits | 371 | 9 |
Bank deposits | 130,799 | 291,887 |
Cash and cash equivalents | 175,933 | 57,302 |
Current assets | 529,866 | 535,116 |
Total assets | 1,629,240 | 1,535,910 |
Current liabilities | ||
Accounts payable | 164,818 | 190,847 |
Bills payable | 2,896 | 3,221 |
Deferred revenue | 57,825 | 63,185 |
Accrued expenses and other payables | 182,368 | 195,572 |
Amount due to ultimate holding company | 21,677 | 11,020 |
Income tax payable | 9,815 | 10,553 |
Lease liabilities | 22,668 | |
Current liabilities | 462,067 | 474,398 |
Non-current liabilities | ||
Lease liabilities – non-current | 51,635 | |
Deferred revenue – non-current | 6,861 | 4,881 |
Deferred tax liabilities | 1,388 | 822 |
Non-current liabilities | 59,884 | 5,703 |
Total liabilities | 521,951 | 480,101 |
Equity | ||
Share capital | 402,130 | 402,130 |
Reserves | 701,643 | 650,275 |
Total equity attributable to equity shareholders of the Company | 1,103,773 | 1,052,405 |
Non-controlling interests | 3,516 | 3,404 |
Total equity | 1,107,289 | 1,055,809 |
Total equity and liabilities | ¥ 1,629,240 | ¥ 1,535,910 |
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, 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 34(b)(ii)) | (22,211) | (22,204) | (22,204) | (7) | |||||
Dividends declared in respect of current year (note 34(b)(i)) | (83,832) | (83,832) | (83,832) | ||||||
Transfer to PRC statutory reserves (note 34(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 |
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 34(b)(ii)) | (27,070) | (27,060) | (27,060) | (10) | |||||
Dividends declared in respect of current year (note 34(b)(i)) | (32,870) | (32,870) | (32,870) | ||||||
Transfer to PRC statutory reserves (note 34(c)(ii)) | 19,148 | (19,148) | |||||||
Others | 146 | 147 | 147 | (1) | |||||
Ending balance (Previously stated [member]) at Dec. 31, 2018 | 1,055,809 | 402,130 | (264,723) | 72 | 1,034 | 347,639 | 566,253 | 1,052,405 | 3,404 |
Ending balance (Increase decrease due to changes in accounting policy required by IFRS16 [member]) at Dec. 31, 2018 | (3,106) | (336) | (2,770) | (3,106) | |||||
Ending balance (As restated [member]) at Dec. 31, 2018 | 1,052,703 | 402,130 | (264,723) | 72 | 1,034 | 347,303 | 563,483 | 1,049,299 | 3,404 |
Ending balance at Dec. 31, 2018 | 1,055,809 | ||||||||
Changes in equity | |||||||||
PROFIT FOR THE YEAR | 106,791 | 106,641 | 106,641 | 150 | |||||
Changes in the fair value of financial assets at fair value through other comprehensive income | (75) | (75) | (75) | ||||||
Currency translation differences | 683 | 683 | 683 | ||||||
Share of other comprehensive income (loss) of investments accounted for using the equity method | 442 | 442 | 442 | ||||||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 107,841 | 367 | 683 | 106,641 | 107,691 | 150 | |||
Dividends approved in respect of previous year (note 34(b)(ii)) | (25,097) | (25,059) | (25,059) | (38) | |||||
Dividends declared in respect of current year (note 34(b)(i)) | (28,206) | (28,206) | (28,206) | ||||||
Transfer to PRC statutory reserves (note 34(c)(ii)) | 1,929 | (1,929) | |||||||
Others | 48 | 48 | 48 | ||||||
Ending balance at Dec. 31, 2019 | ¥ 1,107,289 | ¥ 402,130 | ¥ (264,356) | ¥ 72 | ¥ 1,717 | ¥ 349,280 | ¥ 614,930 | ¥ 1,103,773 | ¥ 3,516 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Operating activities | |||
Profit before taxation | ¥ 142,133 | ¥ 153,895 | ¥ 148,137 |
Adjustments for: | |||
Depreciation and amortization | 182,818 | 154,621 | 150,741 |
(Gain)/loss on disposal of property, plant and equipment | (64) | 8 | 8 |
Write-off and impairment of property, plant and equipment | 2,975 | 1,250 | 12,593 |
Credit impairment losses | 5,761 | 4,635 | 3,392 |
Write-down of inventories | 171 | 155 | 297 |
Interest and other income | (15,560) | (15,885) | (15,883) |
Finance costs | 3,246 | 144 | 210 |
Dividend income from equity investments at fair value through other comprehensive income | (2) | ||
Income from investments accounted for using the equity method | (12,641) | (13,861) | (9,949) |
Net exchange loss/(gain) | 67 | (46) | (27) |
Operating cash flows before changes in working capital | 308,904 | 284,916 | 289,519 |
Decrease /(increase) in inventories | 1,348 | 1,212 | (1,690) |
Increase in contract assets | (64) | (874) | |
Increase in contract cost | (9,012) | (2,021) | |
Increase in accounts receivable | (11,981) | (7,058) | (8,367) |
(Increase)/decrease in other receivables | (1,364) | 1,784 | 648 |
Increase in prepayments and other current assets | (3,075) | (2,999) | (6,330) |
Increase in amount due from ultimate holding company | (780) | (348) | |
Decrease/(increase) in deposited customer reserves | 6,447 | (4,835) | (3,047) |
Decrease in accounts payable | (3,334) | (16,400) | (1,246) |
Increase in bills payable | 794 | 873 | 1,695 |
(Decrease)/increase in deferred revenue | (3,380) | (19,588) | 1,811 |
Increase in accrued expenses and other payables | 508 | 4,613 | 9,956 |
(Decrease)/increase in amount due to ultimate holding company | (107) | 112 | 24 |
Cash generated from operations | 284,904 | 239,387 | 282,973 |
Tax paid | |||
Net cash generated from operating activities | 247,591 | 206,151 | 245,514 |
Investing activities | |||
Payment for property, plant and equipment | (202,365) | (192,395) | (193,015) |
Payment for land use rights | (355) | (580) | (590) |
Payment for other intangible assets | (2,245) | (2,189) | (638) |
Proceeds from disposal of property, plant and equipment | 423 | 8 | 287 |
Decrease/(increase) in bank deposits | 157,709 | (11,578) | 53,889 |
(Increase)/decrease in restricted bank deposits (excluding deposited customer reserves) | (4,503) | (348) | 578 |
Interest received | 11,550 | 11,810 | 15,204 |
Payment for investments accounted for using the equity method | (161) | (375) | (168) |
Dividends received from investments accounted for using the equity method | 2,299 | 691 | 847 |
Purchase of available-for-sale financial assets | (106,296) | ||
Maturity of available-for-sale financial assets | 75,550 | ||
Purchase of financial assets at fair value through profit or loss | (161,343) | (116,810) | |
Maturity of financial assets at fair value through profit or loss | 129,505 | 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 | (11,464) | (16,210) | (14,417) |
Maturity of short-term loans granted by China Mobile Finance and other investments | 16,810 | 6,367 | 4,650 |
Receipt of consideration from China Tower | 57,585 | ||
Others | (66) | 2 | 1 |
Net cash used in investing activities | (64,206) | (212,231) | (106,533) |
Financing activities | |||
Interest paid in relation to short-term deposits placed by ultimate holding company | (187) | (142) | (247) |
Dividends paid to the Company's equity shareholders | (53,265) | (59,930) | (106,036) |
Dividends paid to non-controlling shareholders of subsidiaries | (38) | (10) | (7) |
Short-term deposits placed by ultimate holding company | 21,637 | 10,873 | 8,611 |
Repayment of short-term deposits placed by ultimate holding company | (10,873) | (8,611) | (5,552) |
Repayment of bonds | (5,000) | ||
Repayment of principal and interest of lease liabilities | (22,175) | ||
Net cash used in financing activities | (64,901) | (57,820) | (108,231) |
Net increase/(decrease) in cash and cash equivalents | 118,484 | (63,900) | 30,750 |
Cash and cash equivalents at beginning of year | 57,302 | 120,636 | 90,413 |
Effect of changes in foreign exchange rate | 147 | 566 | (527) |
Cash and cash equivalents at end of year | 175,933 | 57,302 | 120,636 |
Hong Kong [member] | |||
Tax paid | |||
Tax paid | (13) | (233) | (135) |
PRC [member] | |||
Tax paid | |||
Tax paid | ¥ (37,300) | ¥ (33,003) | ¥ (37,324) |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parenthetical) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Statement of cash flows [abstract] | |||
Capital expenditure incurred but not paid | ¥ 64,480 | ¥ 74,816 | ¥ 100,584 |
Additions of lease liabilities | ¥ 13,219 | ¥ 0 | ¥ 0 |
General Information
General Information | 12 Months Ended |
Dec. 31, 2019 | |
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 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, 2019 | |
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. The consolidated financial statements were authorized by the Board of Directors to issue on April 28, 2020. (b) Basis of preparation The consolidated financial statements for the year ended December 31, 2019 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, 2019 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 39 (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 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 uses merger accounting to account for the 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 depreciation and amortization 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. (i) Leases (i) As lessee Other than land use right, the Group primarily leases telecommunications towers, buildings and premises and other network equipment. Lease contracts are typically made for fixed periods with no extension options. Recognition and measurement of lease liabilities Lease liabilities are initially measured on the present value of unpaid lease payments at the commencement date. Lease payments include the net present value of fixed payments, variable lease payments that are based on an index or a rate, residual value guarantees payments, lease payments to be made under reasonably certain extension options and payments of penalties for terminating the lease. As the interest rate implicit in the lease of the Group cannot be readily determined, the Group uses incremental borrowing rate as the discounted rate for calculating the present value of lease payments. When determine the incremental borrowing rate, the Group makes adjustments on risk-free interest based on lease term and credit risk for leases, as the Group does not have recent third party financing. Lease payments are allocated between principal and finance cost. The Group calculates lease liability interests based on a constant periodic rate, which is charged to profit or loss as finance cost over the lease period. Recognition and measurement of right-of-use asset Right-of-use Right-of-use Other lease expense Payments associated with short-term leases and leases of low-value Classification of lease related cash flow Short-term lease payments, payments for leases of low-value (ii) As lessor Lease income from operating leases where the Group is a lessor is recognized in income on a straight-line basis over the lease term. Initial direct costs incurred in obtaining an operating lease are added to the carrying amount of the lease asset and recognized as expense over the lease term on the same basis as lease income. The respective leased assets are included in the balance sheets based on their nature. The Group did not need to make any adjustments to the accounting for assets held as lessor as a result of adopting the new leasing standard. Accounting policies applied until December 31, 2018 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; • right-of-use • construction in progress; • land use rights; • investments in subsidiaries; • goodwill; and • other intangible assets with definite life. 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. (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 investments; • Loans and receivables; and • Available-for-sale financial assets. 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 financial assets, if any impairment evidence exists, the cumulative loss (measured as the difference between the acquisition cost (net of any principal repayment and amortization) and the current fair value, less any impairment loss on that financial asset previously recognized in profit or loss) is reclassified from equity and recognized in profit or loss. If, in a subsequent period, the fair value of a debt instrument classified as available-for-sale increases and the increase can be objectively related to an event occurring after the impairment loss was recognized in profit or loss, the impairment loss is reversed through profit or loss. For equity instruments classified as available-for-sale financial assets, a significant or prolonged decline in the fair value of the security below its cost is also evidence that the assets are impaired. If any impairment evidence exists, the cumulative loss (measured as the difference between the acquisition cost and the current fair value, less any impairment loss on that financial asset previously recognized in profit or loss) is reclassified from equity and recognized in profit or loss. Impairment losses recognized in profit or loss on equity instruments are not reversed through profit or loss. • 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 are initially recognized at the amount of consideration that is unconditional and other receivables are initially recognized at fair value. Considering the discounting impact is immaterial, both of them are thereafter stated at cost less related loss allowance for impairment (see note 2(l)). (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. Considering the discounting impact is immaterial, both of them are thereafter stated at cost. (p) Deferred revenue Deferred revenue consists primarily of contract liability which is from the excess of the cumulative recognized 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 recogn |
Changes in Accounting Policies
Changes in Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
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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, 2019 and are applicable for the Group: IFRS 16 “Leases” IFRIC – Int 23 “Uncertainty over income tax treatments” Amendments to IAS 28 “Investments in associates and joint ventures” Annual Improvements to IFRS Standards 2015-2017 Cycle Amendments to IAS 19 “Employee benefits” Amendments to IFRS 9 “Financial instruments” 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 “Financial Instruments” and IFRS 15 “Revenue from Contracts with Customers”, details of which are set out in note 3(b) and 3(c), respectively. New standards, annual improvement or interpretation to IFRS and IAS effective for the financial year beginning on January 1, 2019 do not have a material impact on the Group other than IFRS 16, details of which are set out in note 3(d). 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, 2020 and have not been early adopted by the Group (see note 40). 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 as of January 1, 2018 This note explains the impact of the adoption of IFRS 9 and IFRS 15 on the Group’s financial statements as of January 1, 2018. 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), IFRS 15 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 Sheet s (Extract) December 31, 2017 (As previously reported) Changes in accounting policy – IFRS 9 Changes in accounting policy – IFRS 15 January 1, 2018 (As restated) Million Million Million Million Assets Non-current assets 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 financial assets 44 (44 ) — — Other non-current assets — — 6,469 6,469 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 financial assets 65,630 (65,630 ) — — Equity and liabilities Liabilities Current liabilities Accrued expenses and other payables 190,866 — (782 ) 190,084 Deferred revenue 85,282 — (385 ) 84,897 Equity Reserves 583,506 (2,365 ) 8,896 590,037 (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 financial assets to FVPL In accordance with IFRS 9, the Group assessed and reclassified wealth management products issued by banks (“WMPs”) from available-for-sale financial assets to financial assets at FVPL (RMB65,630 million as of January 1, 2018). (ii) Equity investments previously classified as available-for-sale financial assets that are not held for trading 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 financial assets to financial assets at FVOCI and accumulated fair value gains of RMB19 million were reclassified from the available-for-sale financial assets reserve to the FVOCI reserve on January 1, 2018, both of which are included in capital reserves. 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. (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 by RMB1,167 million, respectively. Accordingly, the impact on the Group’s equity as of the same date were an increase of RMB4,188 million of retained profits, and an increase of RMB1,025 million of the PRC statutory reserves, respectively. 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 duration 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 duration 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 Statement s of Comprehensive Income (Extract) 2018 As Adjustments Amounts without adoption of IFRS 15 Million Million 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 Network operation and support expenses 200,007 86 200,093 Selling expenses 60,326 6,048 66,374 Cost of products sold 66,231 847 67,078 Other operating expenses 40,775 (32 ) 40,743 Consolidated Balance Sheet s (Extract) As of December 31, 2018 As Adjustments Balances without adoption of IFRS 15 Million Million Million Assets Non-current assets Deferred tax assets 29,654 3,301 32,955 Other non-current assets 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 (d) IFRS 16 “Leases” (i) Initial application The Group applied the IFRS 16 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 sheets. As of January 1, 2019, right-of-use In applying IFRS 16, the Group has used the practical expedients permitted by the standard, including: applying a single discount rate to a portfolio of leases with reasonably similar characteristics; accounting for leases with a remaining lease term of less than 12 months as of January 1, 2019 in the same way as short-term leases; excluding initial direct costs for the measurement of the right-of-use The Group considers that the assets and liabilities arising from the lease are generated in a single transaction, therefore, the Group applies IAS 12 “Income Taxes” requirements to the leasing transaction as a whole. Temporary differences relating to right-of-use assets and lease liabilities are assessed on a net basis. (ii) The reconciliation between the operating lease commitments disclosed as of December 31, 2018 and the lease liabilities recognized as of January 1, 2019 is as follows: Note Million Operating lease commitments disclosed as of December 31, 2018 220,301 Discounted using the lessee’s incremental borrowing rate at the date of initial application 202,651 Less: Short-term leases and low-value (5,827 ) Contracts reassessed as service arrangement (i) (90,520 ) Variable lease payments not recognized as lease liabilities (ii) (26,097 ) Lease liabilities recognized as of January 1, 2019 80,207 Of which: Current portion 19,917 Non-current 60,290 Notes: (i) Contracts reassessed as service arrangement primarily comprise non-lease component of lease contracts of telecommunications towers and related assets, lines and network assets, etc.. (ii) Variable lease payments not recognized as lease liabilities primarily comprise variable lease payments not based on an index or a rate of lease contracts of telecommunications towers and related assets. (iii) Summary of effects arising from initial application of IFRS 16 The following table shows the impact from the adoption of IFRS 16 on certain impacted financial statement line items in the Group’s consolidated balance sheets as of December 31, 2018. Line items that were not affected by the changes have not been included. Consolidated Balance Sheets (Extracted) December 31, Changes 2018 accounting January 1, (As previously policy 2019 reported) – IFRS 16 (As restated) Million Million Million Assets Non-current Right-of-use — 84,289 84,289 Land use rights and others 27,778 (4,665 ) 23,113 Investments accounted for using the equity method 145,325 (1,216 ) 144,109 Deferred tax assets 29,654 488 30,142 Current assets Prepayments and other current assets 27,002 (1,811 ) 25,191 Equity and liabilities Liabilities Current liabilities Lease liabilities — 19,917 19,917 Non-current Lease liabilities – non-current — 60,290 60,290 Deferred tax liabilities 822 (16 ) 806 Equity Reserves 650,275 (3,106 ) 647,169 To ensure the consistency of the accounting policies adopted by the Group and its associates and joint ventures, the opening balance of investment accounted for using the equity method, the opening retained profits and PRC statutory reserves of the Group as of January 1, 2019 were reduced by RMB1,216 million, RMB1,202 million and RMB14 million, respectively upon the adoption of IFRS 16, which were included in the table above. |
Operating Revenue
Operating Revenue | 12 Months Ended |
Dec. 31, 2019 | |
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Operating Revenue | 4 OPERATING REVENUE 2019 2018 2017 Million Million Million Revenue from telecommunications services Voice services 88,624 108,083 156,918 Data services -SMS & MMS 28,648 28,800 28,058 -Wireless data traffic 384,999 383,297 364,906 -Wireline broadband 68,835 54,285 39,731 -Applications and information services 82,543 75,701 60,655 Others 20,743 20,741 18,083 674,392 670,907 668,351 Revenue from sales of products and others 71,525 65,912 72,163 745,917 736,819 740,514 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, 2019 December 31, 2018 Million Million Contract assets (i ) 6,567 6,489 Less: current portion (5,003 ) (5,022 ) Non-current non-current 1,564 1,467 Contract costs recorded in other non-current (ii ) 15,987 6,975 Other non-current 17,551 8,442 Note: (i) Changes in contract assets: Contract assets Gross amount Loss allowance Million Million As of January 1, 2019 6,831 (342 ) Increase resulting from satisfaction of performance obligation 6,886 — Reclassified to accounts receivable (6,834 ) — Net impairment loss of contract assets — 26 As of December 31, 2019 6,883 (316 ) (ii) Changes in contract costs Contract costs 2019 2018 Million Million As of January 1 6,975 4,954 Addition 24,149 9,711 Amortization for the year (15,137 ) (7,690 ) As of December 31 15,987 6,975 Contract costs primarily include sales commissions payable to third party agents and costs related to connecting a customer to the Group’s network for the provision of telecommunications services. The increase of contract costs was mainly due to the Group’s continuing investment in the industrial informatization and household market. (b) Details of contract liabilities Contract liabilities are presented in deferred revenue in the consolidated balance sheets. Changes in contract liabilities are as follows: Contract liabilities 2019 2018 Million Million As of January 1 62,812 81,147 Opening balance recognized in the consolidated statement of comprehensive income for the year (56,409 ) (66,370 ) Other changes for the year 51,028 48,035 As of December 31 57,431 62,812 (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. |
Network Operaton And Support Ex
Network Operaton And Support Expenses | 12 Months Ended |
Dec. 31, 2019 | |
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Disclosure Of Network Operation and Support Expenses Explanatory | 5 NETWORK OPERATION AND SUPPORT EXPENSES For the year ended December 31, 2019, to better reflect the cost structure, the Group optimized the presentation of operating expenses. The changes in presentation have no effect on reported operating revenue, operating expenses or net profits for any of the years/periods presented. The comparative figures have been reclassified to conform to current year’s presentation. The new presentation classifies operating expenses into network operation and support expenses, depreciation and amortization, employee benefit and related expenses, selling expenses, cost of products sold and other operating expenses. Details of network operation and support expenses are as follows: 2019 2018 2017 Note Million Million Million Maintenance 53,216 54,569 55,737 Power and utilities expenses 32,837 32,032 30,518 Operation support and related expenses 39,764 41,087 36,612 Charges for use of tower assets (i ) 25,518 38,981 36,946 Charges for use of lines and network assets (ii ) 7,715 8,489 9,390 Charges for use of other assets (ii ) 7,492 16,102 15,151 Others 9,268 8,747 7,986 175,810 200,007 192,340 Note: (i) For the year ended December 31, 2019, charges for use of tower assets included the non-lease component charges (maintenance, utility connection and telecommunications equipment room and related support services) and the lease component charges of variable lease payments not based on an index or a rate, which are recorded in profit or loss as incurred. (ii) For the year ended December 31, 2019, charges for use of lines and network assets and other assets mainly included the non-lease low-value (iii) For the year ended December 31, 2019, short-term leases payments and leases payments of low-value assets amounted to RMB6,757 million, and variable leases payments not based on an index or a rate, which are recorded in profit or loss as incurred, amounted to RMB8,186 million. |
Employee Benefit and Related Ex
Employee Benefit and Related Expenses | 12 Months Ended |
Dec. 31, 2019 | |
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Employee Benefit and Related Expenses | 6 EMPLOYEE BENEFIT AND RELATED EXPENSES 2019 2018 2017 Million Million Million Salaries, wages, labor service expenses and other benefits 86,610 81,843 74,427 Retirement costs: contributions to defined contribution retirement plans 15,908 12,096 11,086 102,518 93,939 85,513 |
Other Operating Expenses
Other Operating Expenses | 12 Months Ended |
Dec. 31, 2019 | |
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Other Operating Expenses | 7 OTHER OPERATING EXPENSES 2019 2018 2017 (Note 5) (Note 5) Note Million Million Million Interconnection 21,037 20,692 21,762 Credit impairment losses 5,761 4,635 3,392 Write-down of inventories 171 155 297 (Gain)/loss on disposal of property, plant and equipment (64 ) 8 8 Write-off 2,975 1,250 12,593 Auditors’ remuneration - audit services (i ) 111 108 107 - tax services 2 3 3 - other services 10 6 12 Others (ii ) 16,241 13,918 19,312 46,244 40,775 57,486 Note: (i) Audit services include reporting on the Group’s internal controls over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act of the United States of America at a service fee of RMB22 million (2018: RMB22 million; 2017: RMB22 million). (ii) Others consist of administrative expenses, taxes and surcharges, and other miscellaneous expenses. |
Other Gains
Other Gains | 12 Months Ended |
Dec. 31, 2019 | |
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Other Gains | 8 OTHER GAINS 2019 2018 2017 Million Million Million Compensation income 915 1,184 1,118 Others 3,114 1,722 1,271 4,029 2,906 2,389 |
Interest and Other Income
Interest and Other Income | 12 Months Ended |
Dec. 31, 2019 | |
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Interest and Other Income | 9 INTEREST AND OTHER INCOME 2019 2018 2017 Million Million Million Interest income 10,065 11,443 12,884 Fair value gains recognized, net 5,495 4,442 2,999 15,560 15,885 15,883 |
Finance Costs
Finance Costs | 12 Months Ended |
Dec. 31, 2019 | |
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Finance Costs | 10 FINANCE COSTS 2019 2018 2017 Million Million Million Interest for lease liabilities 3,052 — — Interest on short-term deposits received (note 35(a)) 187 142 21 Interest on bonds — — 187 Others 7 2 2 3,246 144 210 |
Directors' and Senior Managemen
Directors' and Senior Management's Remuneration | 12 Months Ended |
Dec. 31, 2019 | |
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Directors' and Senior Management's Remuneration | 11 DIRECTORS’ AND SENIOR MANAGEMENT’S REMUNERATION Directors’ remuneration during 2019 is as follows: Contributions relating to Salaries, social insurance, Directors’ allowances housing fund and 2019 fees and bonuses retirement scheme Total ’000 ’000 ’000 ’000 Executive directors (Expressed in RMB) YANG Jie 1 — 461 169 630 SHANG Bing 2 — 1,354 89 1,443 LI Yue 3 — 1,585 187 1,772 Wang Yuhang 4 — 415 163 578 DONG Xin 5 — 1,469 195 1,664 — 5,284 803 6,087 Independent non-executive CHENG Mo Chi, Moses 460 — — 460 CHOW Man Yiu, Paul 455 — — 455 YIU Kin Wah, Stephen * 470 — — 470 YANG Qiang ** — — — — 1,385 — — 1,385 Directors’ remuneration during 2018 is as follows: Contributions relating to Salaries, social insurance, Directors’ allowances housing fund and 2018 fees and bonuses retirement scheme Total ’000 ’000 ’000 ’000 Executive directors (Expressed in RMB) YANG Jie 1 — — — — SHANG Bing 2 — 867 134 1,001 LI Yue 3 — 1,000 163 1,163 SHA Yuejia 6 — 745 104 849 DONG Xin 5 — 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: Contributions relating to Salaries, social insurance, Directors’ allowances housing fund and 2017 fees and bonuses retirement scheme Total ’000 ’000 ’000 ’000 Executive directors (Expressed in RMB) SHANG Bing 2 — 781 123 904 LI Yue (Chief Executive Officer) 3 — 781 151 932 LIU Aili 7 — 592 110 702 SHA Yuejia 6 — 702 148 850 DONG Xin 5 — 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 1 Mr. YANG Jie was appointed as an executive director and the chairman of the Company with effect from March 21, 2019. 2 Mr. SHANG Bing resigned from his position as an executive director and the chairman of the Company with effect from March 4, 2019. 3 Mr. LI Yue resigned from his position as an executive director and chief executive officer of the Company with effect from October 11, 2019. 4 Mr. WANG Yuhang was appointed as an executive director of the Company with effect from October 24, 2019. 5 Mr. DONG Xin was appointed as an executive director of the Company with effect from March 23, 2017. 6 Mr. SHA Yuejia resigned from his position as executive director of the Company with effect from May 17, 2018. 7 Mr. LIU Aili resigned from his position as executive director of the Company with effect from September 29, 2017. * Mr. Stephen YIU Kin Wah was appointed as an independent non-executive ** Dr. YANG Qiang was appointed as an independent non-executive *** Mr. Frank WONG Kwong Shing resigned from the role of independent non-executive In 2017, 2018 and 2019, executive directors of the Company voluntarily waived their directors’ fees. The unpaid portion of executive directors’ performance related bonuses for 2019 will be determined based on the evaluation conducted in 2020, 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 2019 included directors’ performance related bonuses and additional bonuses related to their term of service for previous years determined and paid during the year. The Company’s senior management’s remuneration level during 2019, including basic remuneration for the year, performance related bonuses for prior year and additional bonuses related to their three-year term of service, was within the range between RMB1,500,000 to RMB2,000,000. |
Individuals with Highest Emolum
Individuals with Highest Emoluments | 12 Months Ended |
Dec. 31, 2019 | |
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Individuals with Highest Emoluments | 12 INDIVIDUALS WITH HIGHEST EMOLUMENTS For the year ended December 31, 2017, 2018 and 2019, none of the five individuals with the highest emoluments in the Group are directors or senior management. The emoluments payable to the five individuals with highest emoluments during 2017, 2018 and 2019 are as follows: 2019 2018 2017 ’000 ’000 ’000 Salaries, allowances and benefits in kind 6,592 6,579 5,259 Performance related bonuses 4,314 4,208 4,014 Retirement scheme contributions 187 156 158 11,093 10,943 9,431 The emoluments fell within the following bands: 2019 2018 2017 Number of individuals Number of individuals Number of individuals Emolument bands 1,500,001—2,000,000 — — 3 2,000,001—2,500,000 5 5 2 |
Taxation
Taxation | 12 Months Ended |
Dec. 31, 2019 | |
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Taxation | 13 TAXATION (a) Taxation in the consolidated statements of comprehensive income represents: 2019 2018 2017 Note Million Million Million Current tax Provision for the PRC enterprise income tax on the estimated taxable profits for the year (i) 36,989 34,395 36,945 Provision for Hong Kong profits tax on the estimated assessable profits for the year (ii) 269 275 260 37,258 34,670 37,205 Deferred tax Origination and reversal of temporary differences, net (note 22) (1,916 ) 1,274 (3,482 ) 35,342 35,944 33,723 Note: (i) The provision for the PRC enterprise income tax is based on the statutory tax rate of 25% (2018: 25%; 2017: 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, 2019. Certain subsidiaries of the Company enjoy the preferential tax rate of 15% (2018: 15%; 2017: 15%). (ii) The provision for Hong Kong profits tax is calculated at 16.5% (2018: 16.5%; 2017: 16.5%) of the estimated assessable profits for the year ended December 31, 2019. (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: 2019 2018 2017 Million Million Million Profit before taxation 142,133 153,895 148,137 Notional tax on profit before tax, calculated at the PRC’s statutory tax rate of 25% (Note) 35,533 38,474 37,034 Tax effect of non-taxable – Income from investments accounted for using the equity method (3,160 ) (3,465 ) (2,487 ) – Interest and other income (75 ) (131 ) (41 ) Tax effect of non-deductible 1,211 604 772 Tax effect of non-deductible 114 85 70 Rate differential of certain PRC operations (note 13(a)(i)) (930 ) (1,835 ) (2,317 ) Rate differential of Hong Kong operations (note 13(a)(ii)) (177 ) (189 ) (182 ) Tax effect of deductible temporary difference for which no deferred tax asset was recognized 668 1,414 154 Tax effect of deductible tax loss for which no deferred tax asset was recognized 2,019 1,267 818 Others 139 (280 ) (98 ) Taxation 35,342 35,944 33,723 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: 2019 2018 2017 Before Tax After Before Tax After Before Tax After Change in value of available-for-sale — — — — — — (7 ) 2 (5 ) Changes in value of financial assets at FVOCI (74 ) (1 ) (75 ) (168 ) — (168 ) — — — Currency translation differences 683 — 683 1,160 — 1,160 (735 ) — (735 ) Share of other comprehensive income/(loss) of investments accounted for using the equity method 442 — 442 1,248 — 1,248 (1,038 ) — (1,038 ) Other comprehensive income/(loss) 1,051 (1 ) 1,050 2,240 — 2,240 (1,780 ) 2 (1,778 ) Current tax — — — Deferred tax (1 ) — 2 (1 ) — 2 |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2019 | |
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Earnings Per Share | 14 EARNINGS PER SHARE (a) Basic 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 RMB106,641 million (2018: RMB117,781 million; 2017: RMB114,279 million) and the weighted average number of 20,475,482,897 shares (2018: 20,475,482,897 shares; 2017: 20,475,482,897 shares) in issue during the year. (b) Diluted earnings per share The calculation of diluted earnings per share for the year is based on the profit attributable to equity shareholders of the Company which is used in calculating diluted earnings per share, calculated as follows, of RMB106,050 million (2018: RMB117,781 million; 2017: RMB114,279 million) and the weighted average number of 20,475,482,897 shares (2018: 20,475,482,897 shares; 2017: 20,475,482,897 shares) in issue during the year. 2019 2018 2017 Million Million Million Profit attributable to equity shareholders of the Company used in calculating basic earnings per share 106,641 117,781 114,279 Add: Dilution impact on share of profit of investment in an associate due to the associate’s convertible bonds (note 23) 41 — — Less: Fair value gain on the associate’s convertible bonds held by the Group, net of tax (632 ) — — Profit attributable to equity shareholders of the Company used in calculating diluted earnings per share 106,050 117,781 114,279 |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2019 | |
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Property, Plant and Equipment | 15 PROPERTY, PLANT AND EQUIPMENT Buildings Telecommunications Million Office equipment, fixtures Total Cost: 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 ) 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 As of January 1, 2019 155,451 1,548,851 25,301 1,729,603 Transferred from construction in progress 6,251 159,098 2,165 167,514 Other additions 539 1,235 911 2,685 Disposals — (28 ) (19 ) (47 ) Written-off (822 ) (100,962 ) (2,450 ) (104,234 ) Exchange differences 71 161 9 241 As of December 31, 2019 161,490 1,608,355 25,917 1,7 ,762 Accumulated depreciation and impairment: 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 ) 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 As of January 1, 2019 52,158 994,803 16,146 1,063,107 Charge for the year 5,983 150,243 1,817 158,043 Written back on disposals — (13 ) (14 ) (27 ) Written-off (33 ) (99,027 ) (1,192 ) (100,252 ) Exchange differences 9 49 1 59 As of December 31, 2019 58,117 1,046,055 16,758 1,120,930 Net book value: As of December 31, 2019 103,373 562,300 9,159 674,832 As of December 31, 2018 103,293 554,048 9,155 666,496 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 and 2019. |
Leases
Leases | 12 Months Ended |
Dec. 31, 2019 | |
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Leases | 16 LEASES This note provides lease information about the Group as a lessee. (a) Right-of-use Telecommunications Towers and related Buildings premises Others Total Million Million Million Million Cost: As of January 1, 2019 75,169 35,790 3,545 114,504 Additions 5,696 9,135 1,139 15,970 Early termination and modification of lease contracts (1,890 ) (1,620 ) (567 ) (4,077 ) Exchange gains and losses — 22 — 22 As of December 31, 2019 78,975 43,327 4,117 126,419 Accumulated amortization and impairment: As of January 1, 2019 15,299 12,409 2,507 30,215 Charge for the year 14,738 7,675 338 22,751 Early termination of lease contracts (276 ) (435 ) (151 ) (862 ) Exchange gains and losses — 7 — 7 As of December 31, 2019 29,761 19,656 2,694 52,111 Net book value: As of December 31, 2019 49,214 23,671 1,423 74,308 As of January 1, 2019 59,870 23,381 1,038 84,289 (b) Amounts recognized in the consolidated statement of comprehensive income For the year ended December 31, 2019, the depreciation charge of right-of-use right-of-use low-value |
Construction in Progress
Construction in Progress | 12 Months Ended |
Dec. 31, 2019 | |
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Construction in Progress | 17 CONSTRUCTION IN PROGRESS 2019 2018 Million Million As of January 1 72,180 78,112 Additions 163,312 163,962 Transferred to property, plant and equipment (167,514 ) (169,894 ) As of December 31 67,978 72,180 As of December 31, 2019, construction in progress primarily comprises expenditure incurred on the network expansion projects but not yet completed. |
Land Use Rights and Others
Land Use Rights and Others | 12 Months Ended |
Dec. 31, 2019 | |
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Land Use Rights and Others | 18 LAND USE RIGHTS AND OTHERS As of December 31, 2019, total land use rights amounted to RMB16,489 million (2018: RMB16,593 million). For the year ended December 31, 2019, the amortization of land use rights expensed in the profit or loss amounted to approximately RMB462 million (2018: approximately RMB467 million; 2017: approximately RMB446 million). In addition to the land use rights, this item also comprises long-term prepaid expenses and financial assets. |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2019 | |
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Goodwill | 19 GOODWILL 2019 2018 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, 2019, the goodwill of RMB 35,300 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, 2019 | |
Investments accounted for using equity method [abstract] | |
Subsidiaries | 20 SUBSIDIARIES The following list contains only the particulars of subsidiaries, 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 ownership interest Name of company* establishment Particulars of issued Held by the Held by a Principal activity China Mobile Communication British Virgin HK$1 100 % — Investment holding company China Mobile Communication Mainland China RMB1,641,848,326 — 100 % Network and business coordination center China Mobile Group Guangdong Co., Ltd. (“Guangdong Mobile”) 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 RMB4,314,668,531 — 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 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 RMB2,581,599,639 — 100 % Telecommunications operator China Mobile Group Design Institute Co., Ltd. Mainland China RMB160,232,547 — 100 % Provision of telecommunications network planning design and consulting services 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 % Development, services and maintenance of industry value-added platform 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 % Operation support and capability service of digital content Fujian FUNO Mobile Communication Technology Company Limited*** Mainland China RMB60,000,000 — 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$19,319,810,000 100 % — Investment holding company China Mobile International Limited Hong Kong HK$8,100,000,000 — 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 services and sale of related products 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 RMB3,000,000,000 — 100 % Provision of network services China Mobile (Suzhou) Software Technology Co., Ltd. Mainland China RMB980,000,000 — 100 % Provision of Mobile Cloud research and development and operation support services China Mobile E-Commerce E-Commerce”) Mainland China RMB500,000,000 — 100 % Provision of e-payment e-commerce China Mobile (Hangzhou) Information Technology Co., Ltd. Mainland China RMB1,250,000,000 — 100 % Provision of family information products, capability research and development services China Mobile Online Services Co., Ltd. Mainland China RMB2,000,000,000 — 100 % Provision of call center and internet information services MIGU Company Limited Mainland RMB7,000,000,000 — 100 % Provision of mobile Internet digital content services China Mobile TieTong Company Limited Mainland RMB31,880,000,000 — 100 % Provision of engineering, maintenance, sales and telecommunications services China Mobile Internet Company Limited Mainland RMB2,900,000,000 — 100 % Provision of Internet related services China Mobile Investment Holdings Company Limited Mainland RMB975,920,000 — 100 % Investment holding company China Mobile System Integration Co., Ltd. (formerly known as China Mobile Quantong System Integration Co., Ltd.) Mainland RMB550,000,000 — 100 % Provision of computer system integration, construction, maintenance and related technology development services China Mobile (Chengdu) ICT Co., Ltd. Mainland RMB300,000,000 — 100 % Provision of Information technology products and technology research and development services China Mobile (Shanghai) ICT Co., Ltd. Mainland RMB200,000,000 — 100 % Provision of Information technology products and technology research and development services China Mobile Financial Technology Co., Ltd. Mainland RMB500,000,000 — 100 % Provision of e-payment e-commerce China Mobile Xiong’an Information & Telecommunication Technology Company Limited Mainland RMB150,000,000 — 100 % Provision of Information technology products and technology research and development services Zhongyidong Information Technology Co., Ltd. Mainland RMB1,000,000,000 — 100 % Provision of IT solution including digital technology * The nature of all the legal entities established in Mainland China is limited liability company. ** Companies registered as wholly owned foreign enterprises in Mainland China. *** Company registered as a sino-foreign equity joint venture in 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, 2019 | |
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Investments Accounted for Using the Equity Method | 21 INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD The amounts recognized in the consolidated balance sheets are as follows: As of As of As of Million Associates 154,004 142,843 144,059 Joint ventures 1,224 1,266 1,266 155,228 144,109 145,325 Details of principal associates, all of which are listed on exchanges, are as follows: Name of associate Place of Proportion of Principal activity SPD Bank PRC 18 % Provision of banking services China Tower Corporation Limited PRC 28 % Construction, maintenance and operation of telecommunications towers IFLYTEK Co., Ltd. PRC 13 % Provision of intelligent voice and artificial intelligence products and services True Corporation Public Company Limited Thailand 18 % Provision of telecommunications services (i) Summary financial information on principal associates: SPD Bank As of December 31 2019 2018 Total assets 7,005,929 6,289,606 Total liabilities 6,444,878 5,811,226 Total equity 561,051 478,380 Total equity attributable to ordinary equity shareholders 493,945 441,642 Percentage of ownership of the Group 18% 18% Total equity attributable to the Group 89,774 80,291 The impact of fair value adjustments at the time of acquisition, goodwill and others 6,084 6,660 Interest in associates 95,858 86,951 China Tower IFLYTEK True Corporation As of December 31 As of December 31 As of December 31 2019 2018 2019 2018 2019 2018 Total current assets 40,995 31,799 11,430 7,762 31,298 26,309 Total non-current 297,072 283,565 8,671 7,540 90,680 78,251 Total current liabilities 128,364 114,759 6,866 5,813 35,186 43,097 Total non-current 27,142 20,103 1,500 1,278 57,457 33,215 Total equity 182,561 180,502 11,735 8,211 29,335 28,248 Total equity attributable to equity shareholders 182,559 180,502 11,418 7,971 29,184 28,123 Percentage of ownership of the Group 28% 28% 13% 13% 18% 18% Total equity attributable to the Group 51,281 50,414 1,465 1,075 5,253 5,062 The impact of fair value adjustments at the time of acquisition, goodwill and others — — 810 812 1,834 2,851 Elimination of unrealized profits resulting from the transfer of Tower Assets and its realization (2,543) (3,115) — — — — Interest in associates 48,738 47,299 2,275 1,887 7,087 7,913 Note: The Group has recognized its share of SPD Bank’s and IFLYTEK’s comprehensive income for the year 2019 based on the 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 2019 2018 2017 2019 2018 2017 Revenue 190,688 170,865 168,619 76,428 71,819 68,665 Profit before taxation 69,817 65,284 69,828 6,837 3,475 2,685 Profit attributable to ordinary equity shareholders 57,186 54,189 52,533 5,222 2,650 1,943 Other comprehensive income/(loss) attributable to ordinary equity shareholders 2,608 6,979 (5,568 ) — — — Total comprehensive income attributable to ordinary equity shareholders 59,794 61,168 46,965 5,222 2,650 1,943 Dividends received from associates 1,867 533 821 111 — — IFLYTEK True Corporation 2019 2018 2017 2019 2018 2017 Revenue 10,079 7,917 5,458 31,423 33,214 28,262 Profit before taxation 99 5 659 584 1,727 2,662 726 Profit attributable to ordinary equity shareholders 8 19 542 428 1,256 1,444 465 Other comprehensive income/(loss) attributable to ordinary equity shareholders — 1 — (186 ) (46 ) 32 Total comprehensive income attributable to ordinary equity shareholders 8 19 543 428 1,070 1,398 497 Dividends received from associates 27 18 18 117 39 — (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, 2019 As of December 31, 2018 Carrying amount Fair value Carrying amount Fair value Million Million Million Million SPD Bank 95,858 65,993 86,951 52,282 China Tower 48,738 75,729 47,299 63,738 IFLYTEK 2,275 9,268 1,887 6,623 True Corporation 7,087 6,432 7,913 6,589 (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, 2019, the fair value of investment in SPD Bank was RMB65,993 million (2018: RMB52,282 million) based on its quoted market price, which was below its carrying amount by approximately 31.2% (2018: approximately 39.9%). Management of the Group performed an impairment test and determined the respective recoverable amount of the investment based on its VIU. The calculation has considered pre-tax As of December 31, 2019, the fair value of investment in True Corporation was RMB6,432 million (2018: RMB6,589 million) based on its quoted market price, which was below its carrying amount by approximately 9.2% (2018: approximately 16.7%). 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, 2019. 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, 2018 and 2019. 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, which represents 50% of the equity interest of the Fund. As of December 31, 2019, CMC had contributed RMB1,256 million (2018: RMB1,134 million) to the Fund with an outstanding commitment to further invest RMB244 million (2018: RMB366 million) to the Fund upon request to be lodged by the Fund. There were no contingent liabilities relating to the Group’s interest in this joint venture as of December 31, 2019. |
Deferred Tax Assets and Liabili
Deferred Tax Assets and Liabilities | 12 Months Ended |
Dec. 31, 2019 | |
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Deferred Tax Assets and Liabilities | 22 DEFERRED TAX ASSETS AND LIABILITIES The analysis of deferred tax assets and liabilities are as follows: As of As of December 31, December 31, Million Million Deferred tax assets: - Deferred tax asset to be recovered after 12 months 3,519 2,982 - Deferred tax asset to be recovered within 12 months 29,109 26,672 32,628 29,654 Deferred tax liabilities: - Deferred tax liabilities to be settled after 12 months (857 ) (598 ) - Deferred tax liabilities to be settled within 12 months (531 ) (224 ) (1,388 ) (822 ) Deferred tax assets and liabilities recognized and the movements during 2019 As of Changes As of (Charged)/ Charged to Exchange As of Million Million Million Million Million Million Million Net deferred tax assets after offsetting: Write-down of obsolete inventories 75 — 75 (62 ) — — 13 Depreciation, write-off 5,289 — 5,289 833 — — 6,122 Accrued expenses and others 17,715 — 17,715 1,003 — — 18,718 Deferred revenue from Reward Program 5,784 — 5,784 (299 ) — — 5,485 Credit impairment losses 1,458 — 1,458 179 — — 1,637 Recognition of right-of-use assets and lease liabilities — 488 488 281 — — 769 Change in value of financial assets at FVOCI (6 ) — (6 ) — (1 ) — (7 ) Contract asset, contract liability and contract cost relating to customer contract (661 ) — (661 ) 552 — — (109 ) 29,654 488 30,142 2,487 (1 ) — 32,628 Net deferred tax liabilities after offsetting: Depreciation of property, plant and equipment (1,117 ) — (1,117 ) (1,152 ) — (13 ) (2,282 ) Recognition of right-of-use — 16 16 45 — — 61 Deferred revenue from Reward Program 157 — 157 109 — — 266 Accrued expenses and others 138 — 138 427 — 2 567 (822 ) 16 (806 ) (571 ) — (11 ) (1,388 ) Total 28,832 504 29,336 1,916 (1 ) (11 ) 31,240 Deferred tax assets and liabilities recognized and the movements during 2018 As of (Charged)/ Charged to Exchange As of Million Million Million Million Million Net deferred tax assets after offsetting: Write-down of obsolete inventories 120 (45 ) — — 75 Depreciation, write-off 7,082 (1,793 ) — — 5,289 Accrued expenses and others 18,934 (1,219 ) — — 17,715 Deferred revenue from Reward Program 5,943 (159 ) — — 5,784 Credit impairment losses 1,294 164 — — 1,458 Change in value of financial assets at FVOCI (6 ) — — — (6 ) Contract asset, contract liability and contract cost relating to customer contract (2,879 ) 2,218 — — (661 ) 30,488 (834 ) — — 29,654 Net deferred tax liabilities after offsetting: Depreciation of property, plant and equipment (362 ) (736 ) — (19 ) (1,117 ) Others — 296 — (1 ) 295 (362 ) (440 ) — (20 ) (822 ) Total 30,126 (1,274 ) — (20 ) 28,832 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 RMB8,677 million (2018: RMB6,476 million) in respect of deductible temporary differences and tax losses amounting to RMB42,469 million (2018: RMB29,026 million) that can be carried forward against future taxable income as of December 31, 2019. The deductible tax losses are allowed to be carried forward within next five years against the future taxable profits, while those of high-tech enterprises are allowed to be within next ten years. |
Fair Value Measurement of Finan
Fair Value Measurement of Financial Instruments | 12 Months Ended |
Dec. 31, 2019 | |
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Fair Value Measurement of Financial Instruments | 23 FAIR VALUE MEASUREMENT OF FINANCIAL INSTRUMENTS Financial assets at fair ( i) Financial assets at fair (ii) Million Million As of December 31, 2018 -Current portion — 76,425 -Non-current 587 501 587 76,926 Addition — 161,343 Maturity — (129,505 ) Fair value gains recognized in profit or loss — 5,495 Fair value losses recognized in other comprehensive income, before tax (74 ) — As of December 31, 2019 513 114,259 Less: Current portion — (114,259 ) Non-current 513 — 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, 2018 and 2019. (ii) The category of FVPL mainly comprises WMPs offered by various financial institutions in China amounting to RMB103,328 million and the Group’s investment in the convertible bonds issued by SPD Bank (“CB”) amounting to RMB9,928 million. All the WMPs will mature within one year with variable return rates indexed to the performance of underlying assets. As of December 31, 2019 and 2018, they were measured at fair values (level 3: inputs for the assets or liabilities that are not based on observable market data (that is unobservable inputs)). The fair values were determined based on cash flow discounted assuming the expected return will be obtained upon maturity. The CB was acquired by Guangdong Mobile, a wholly-owned subsidiary of the Company in October 2019 at a purchase consideration of RMB9,085 million upon SPD Bank publicly issued the instruments. The CB have been listed for trading and can be converted into equity shares of SPD Bank from May 4, 2020 to October 27, 2025. The CB were measured at the fair value as level 1 of fair value hierarchy. There were no transfers between the levels of fair value hierarchy for the year ended December 31, 2018 and 2019. |
Restricted Bank Deposits
Restricted Bank Deposits | 12 Months Ended |
Dec. 31, 2019 | |
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Restricted Bank Deposits | 24 RESTRICTED BANK DEPOSITS As of December 31, 2019 As of December 31, 2018 Non-current Current Total Non-current Current Total Restricted bank deposits - Statutory deposit reserves (Note) 8,586 — 8,586 4,486 — 4,486 - Deposited customer reserves (Note) 1,435 — 1,435 7,882 — 7,882 - Pledged bank deposits 42 371 413 1 9 10 10,063 371 10,434 12,369 9 12,378 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, 2019 | |
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Inventories | 25 INVENTORIES As of As of December 31, December 31, Handsets, SIM cards and other terminals 5,205 6,939 Other consumables 2,133 1,918 7,338 8,857 |
Accounts Receivable
Accounts Receivable | 12 Months Ended |
Dec. 31, 2019 | |
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Accounts Receivable | 26 ACCOUNTS RECEIVABLE (a) Aging analysis Aging analysis of accounts receivable, net of loss allowance is as follows: As of As of December 31, 2019 December 31, 2018 Within 30 days 14,353 11,160 31 - 60 days 3,789 3,680 61 - 90 days 3,035 2,358 90 days - 1 year 9,575 7,649 Over 1 year 1,942 1,693 32,694 26,540 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. (b) Impairment loss allowance of accounts receivable The following table summarizes the changes in impairment loss allowance of accounts receivable: 2019 2018 Million Million As of January 1 7,269 5,863 Credit loss recognized 5,833 4,480 Accounts receivable written off (3,545 ) (3,074 ) As of December 31 9,557 7,269 |
Other Receivables, Prepayments
Other Receivables, Prepayments and Other Current Assets | 12 Months Ended |
Dec. 31, 2019 | |
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Other Receivables, Prepayments and Other Current Assets | 27 OTHER RECEIVABLES, PREPAYMENTS AND OTHER CURRENT ASSETS Other receivables, which are measured at amortized cost, are expected to be recovered within one year. They primarily include interest receivable from banks, utilities deposits, rental deposits, short-term loans and short-term debt investments; Among which, short-term loans granted to China Tower through China Mobile Finance was RMB7,450 million (2018: RMB11,000 million), and other short-term loans granted to banks and other financial institutions as well as short-term debt investments purchased through China Mobile Finance was RMB11,464 million (2018: RMB13,260 million). 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 maintenance prepayments, power and utilities prepayments and input value-added tax to be deducted. As of December 31, 2018 and 2019, 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, 2019 | |
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Amounts Due from/to Ultimate Holding Company | 28 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, 2019, amount due to ultimate holding company comprises the short-term deposits of CMCC and its subsidiaries excluding the Group (“CMCC Group”) in China Mobile Finance amounting to RMB21,637 million (2018: RMB10,873 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, 2019 | |
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Bank Deposits | 29 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, 2019 | |
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Cash and Cash Equivalents | 30 CASH AND CASH EQUIVALENTS As of As of December 31, 2019 December 31, 2018 Bank deposits with original maturity within three months 8,959 3,470 Cash at banks and on hand 166,974 53,832 175,933 57,302 |
Accounts Payable
Accounts Payable | 12 Months Ended |
Dec. 31, 2019 | |
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Accounts Payable | 31 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, 2019 December 31, 2018 Payable in the periods below: Within 1 month or on demand 139,856 164,081 After 1 month but within 3 months 6,270 8,902 After 3 months but within 6 months 4,839 7,349 After 6 months but within 9 months 4,569 3,411 After 9 months but within 12 months 9,284 7,104 164,818 190,847 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, 2019 | |
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Deferred Revenue | 32 DEFERRED REVENUE Deferred revenue primarily includes prepaid service fees received from customers and unredeemed point rewards. 2019 2018 Million Million As of January 1 - Current portion 63,185 84,897 - Non-current 4,881 2,888 68,066 87,785 Additions during the year 256,432 299,383 Recognized in the consolidated statements of comprehensive income (259,812 ) (319,102 ) As of December 31 64,686 68,066 Less: Current portion (57,825 ) (63,185 ) Non-current 6,861 4,881 |
Accrued Expenses and Other Paya
Accrued Expenses and Other Payables | 12 Months Ended |
Dec. 31, 2019 | |
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Accrued Expenses and Other Payables | 33 ACCRUED EXPENSES AND OTHER PAYABLES As of As of December 31, 2019 December 31, 2018 Receipts-in-advance 69,421 69,629 Other payables 28,962 31,990 Accrued salaries, wages and other benefits 7,213 6,950 Accrued expenses 76,772 87,003 182,368 195,572 |
Capital, Reserves and Dividends
Capital, Reserves and Dividends | 12 Months Ended |
Dec. 31, 2019 | |
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Capital, Reserves and Dividends | 34 CAPITAL, RESERVES AND DIVIDENDS (a) Share capital Ordinary shares, issued and fully paid: Number HK$ Equivalent of shares Million Million As of January 1 and December 31, 2018 and 2019 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: 2019 2018 2017 Million Million Million Ordinary interim dividend declared and paid of HK$1.527 (equivalent to approximately RMB1.343) (2018: HK$1.826 (equivalent to approximately RMB1.540); 2017: HK$1.623 (equivalent to approximately RMB1.409)) per share 28,206 32,870 28,211 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$1.723 (equivalent to approximately RMB1.543 million) (2018: HK$1.391 (equivalent to approximately RMB1.219); 2017: HK$1.582 (equivalent to approximately RMB1.322)) per share 31,602 24,955 27,077 59,808 57,825 110,909 The proposed ordinary final dividend, which is declared in Hong Kong dollar is translated into RMB with reference to the rate HK$1 = RMB0.89578, being the rate announced by the State Administration of Foreign Exchange in the PRC on December 31, 2019. As the ordinary final dividend was declared after the balance sheet date, such dividend is not recognized as liability as of December 31, 2019. 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: 2019 2018 2017 Million Million Million Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.391 (equivalent to approximately RMB1.219) (2018: HK$1.582 (equivalent to approximately RMB1.322); 2017: HK$1.243 (equivalent to approximately RMB1.112)) per share 25,059 27,060 22,204 (c) Nature and purpose of different 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 carrying amounts of net assets of acquired business 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 foreign currency translation differences arising from the translation of foreign currency denominated financial statements of overseas enterprises. 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, 2019 and 2018, the Group’s total debt-to-book Except for China Mobile Finance that is subject to certain capital requirements imposed by China Banking and Insurance Regulatory Commission, the Company and its other subsidiaries are not subject to externally imposed capital requirements. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2019 | |
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Related Party Transactions | 35 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, 2017, 2018 and 2019. The majority of these transactions also constitute continuing connected transactions as defined under Chapter 14A of Listing Rules. Further details of these continuing connected transactions are disclosed under the paragraph “Connected Transactions” in the Report of Directors. Note 2019 2018 2017 Telecommunications services revenue (i) 495 71 47 Property leasing and management services revenue (ii) 197 226 188 Telecommunications services charges (i) 103 — — Property leasing and management services charges (ii) 1,129 1,009 999 Charges for use of network assets (iii) 1,448 2,308 2,494 Charges of use of network capacity (iii) 30 402 1,047 Interest expenses (iv) 187 142 21 Short-term bank deposits received (iv) 21,637 10,873 8,611 Short-term bank deposits repaid (iv) 10,873 8,611 5,552 Consideration of assets transferred (v) 873 — — The outstanding balances related to transactions with CMCC Group are included in the following accounts captions summarized as follows: As of As of December 31, December 31, 2018 Note Million Million Accounts receivable 630 282 Other receivables 277 145 Prepayments and other current assets 2 5 Amounts due from ultimate holding company 1,350 570 Right-of-use 399 — Lease liabilities 468 — Accounts payable 6,741 5,825 Accrued expenses and other payables 90 80 Amounts due to ultimate holding company (iv) 21,677 11,020 These amounts arise in the ordinary course of business and with terms determined through mutual negotiation. Note: (i) The amounts represent telecommunications services settlement received/receivable or paid/payable 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 amounts represent the charges of property leasing and management fees received/receivable from or paid/payable to CMCC Group in respect of offices, retail outlets and warehouses. For the year ended December 31, 2019, the amounts included the depreciation of right-of-use (iii) The amounts represent the charges for use of network assets and the 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. (v) On August 9, 2019, the Group completed an acquisition of assets related to the “Village Connect” project, at a total consideration of RMB873 million. (b) Principal transactions with associates and joint ventures of the Group The following is a summary of principal related party transactions entered into by the Group with the associates and joint ventures of the Group for the year ended December 31, 2017, 2018 and 2019. Note 2019 2018 2017 Telecommunications services revenue (i) 535 604 828 Property leasing and management services revenue (ii) 30 40 99 Interest and other income (iii) 6,130 4,083 4,807 Dividend income 2,299 691 847 Related costs for use of tower assets (iv) 39,843 37,837 36,335 The outstanding balances related to transactions with the associates and joint ventures of the Group are included in the following accounts captions summarized as follows: As of December 31, As of December 31, Note Million Million Accounts receivable (i) 225 240 Interest receivable (iii) 831 829 Right-of-use assets (iv) 40,316 — Other receivables (v) 9,545 12,518 Financial assets at FVPL (vi) 54,490 41,128 Bank deposits (vii) 59,205 44,955 Prepayments and other current assets 36 160 Lease liabilities (iv) 43,142 — Accounts payable (iv) 4,708 3,252 Bills payable (iv) 356 135 Accrued expenses and other payables (iv) 6,511 7,301 Note: (i) The amounts represent the telecommunications services revenue received/receivable from the Group’s associates and joint ventures. (ii) The amounts represent the property leasing revenue received/receivable from China Tower. (iii) The amounts primarily represent interest received/receivable from deposits placed with SPD Bank, placements with SPD Bank and short-term loans granted to China Tower; and they also include income derived from WMP purchased from SPD Bank and the income from the CB publicly issued by SPD Bank as mentioned in Note 23. (iv) The amounts primarily represent the right-of-use right-of-use (v) Other receivables primarily represent the short-term loans granted to China Tower and placements with SPD Bank and withholding power and utilities expenses and lease charges payable on behalf of China Tower, etc. The interest rates of short-term loans are mutually agreed among both parties with reference to the market interest rates. (vi) The amounts represent the WMP purchased from SPD Bank and the CB publicly issued by SPD Bank. The return rates of WMP are determined with reference to market conditions and the fair values of CB are based on quoted market prices (level 1). (vii) The amounts represent the deposits placed with SPD Bank, the interest rate of which is determined in accordance with the benchmark interest rate published by PBOC. (c) Transactions with associates and joint ventures of CMCC Group In addition, the Group has entered into transactions with associates and joint ventures of CMCC Group during the ordinary course of the Group’s business based on terms comparable to terms of transactions enacted with other entities, the amounts of such transactions and related outstanding balances were not material. (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 28 and 35(a)), associates and joint venture (note 35(b)) and the transaction to increase contribution to the Fund (note 21), 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 all 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 11. |
Financial Risk Management and F
Financial Risk Management and Fair Values | 12 Months Ended |
Dec. 31, 2019 | |
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Financial Risk Management and Fair Values | 36 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 balance sheets, which mainly include deposits with banks, WMPs (recorded in FVPL), CB (recorded in FVPL), accounts receivable and other 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. CB are bonds with AAA credit rating bonds issued by SPD Bank, with a low level of credit risks. 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 acceptable. (ii) Impairment of financial assets The Group has 3 types of assets that are subject to expected credit loss model: – Accounts receivable – Contract assets – Other financial assets at amortized cost Accounts receivable and contract assets The Group applies the 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, 2018 and 2019 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 1 Individual customers Expected loss rate 2 % 20 % 80 % 100 % Within 181 days 1 year to 2 years 2 years to Over 3 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. Credit impairment losses on accounts receivable and contract assets are presented within other operating expenses. Subsequent recoveries of amounts previously written off are credited against the same line item. Individual receivables which were known to be uncollectible were written off by reducing the carrying amount directly. 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 loss allowance 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, payments for short-term deposits of CMCC Group received by China Mobile Finance, 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: Carrying Total contractual Within or on More than 1 year but 3 years More than 3 years but 5 years More than 5 years Million Million Million Million Million Million As of December 31, 2019 Accounts payable 164,818 164,818 164,818 — — — Bills payable 2,896 2,896 2,896 — — — Accrued expenses and other payables 182,368 182,368 182,368 — — — Amount due to ultimate holding company 21,677 21,677 21,677 — — — Lease liabilities 74,303 80,973 23,814 39,791 9,662 7,706 446,062 452,732 395,573 39,791 9,662 7,706 Carrying Total contractual Within or on More than 1 year but 3 years More than 3 years but 5 years More than 5 years Million Million Million Million Million Million As of December 31, 2018 Accounts payable 190,847 190,847 190,847 — — — Bills payable 3,221 3,221 3,221 — — — Accrued expenses and other payables 195,572 195,572 195,572 — — — Amount due to ultimate holding company 11,020 11,020 11,020 — — — 400,660 400,660 400,660 — — — (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, 2019, the Group did not have any interest-bearing borrowings at variable rates, but had RMB21,637 million of short-term bank deposits placed by CMCC (2018: RMB10,873 million), which were 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, 2019, total cash and bank balances of the Group amounted to RMB317,166 million (2018: RMB361,567 million), interest-bearing receivables amounted to RMB18,914 million (2018: RMB24,260 million) and WMPs amounted to RMB103,328 million (2018: RMB76,425 million). The interest and other income generated by the assets mentioned above for 2019 was RMB14,408 million (2018: RMB15,885 million; 2017: RMB15,883 million) and the average interest rate was 3.17% (2018: 3.33%; 2017: 3.13%). 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 RMB3,334 million (2018: RMB3,480 million; 2017: RMB3,182 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 that is different from the functional currency of the respective group entities. As the amount of the Group’s foreign currency cash and deposits with banks represented 3.5% (2018: 3.3%) 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, 2019 | |
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Commitments | 37 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: 2019 2018 Million Million Land and buildings 7,430 9,327 Telecommunications equipment and others 34,463 44,174 41,893 53,501 (b) Operating lease commitments The Group leases certain land and buildings, leased lines and network assets, motor vehicles, computer and other office equipment. From January 1, 2019, in accordance with IFRS 16, the Group has recognized right-of-use low-value d The portfolio of the majority short-term leases which were committed by the Group as of December 31, 2019 was similar to the portfolio of short-term leases which were recorded in the profit or loss as incurred during 2019. Therefore, there is no need to disclose short-term lease commitments separately. The total future minimum lease payments under non-cancellable Land and 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 (c) Investment commitments The Group has an investment commitment to a joint venture (see note 21). |
Post Balance Sheet Event
Post Balance Sheet Event | 12 Months Ended |
Dec. 31, 2019 | |
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Post Balance Sheet Event | 38 POST BALANCE SHEET EVENT After the balance sheet date, the Board of Directors proposed a final dividend for the year ended December 31, 2019. Further details are disclosed in note 34(b)(i). On January 23, 2020, the Company announced that it had resolved to propose the adoption of the share option scheme (the “Scheme”) to further improve the governance structure of the Company and to effectively attract, motivate and retain the core backbone employees of the Company, which has been approved by the State-owned Assets Supervision and Administration Commission of the State Council (the “SASAC”), and is still subject to the obtaining of the approval from the shareholders of the Company. As of the approval date of the consolidated financial statements, the Company has not granted any share options under the Scheme. The Group’s 4G and 5G networks are expected to co-exist for a long time in 2020 and beyond, and the technologies in relation to its 4G wireless assets (mainly comprising base station main equipment, base station extension equipment and antenna feed lines) are relatively stable and have not experienced any major upgrade since investment in such assets. After the Group’s assessment of the actual state of use of its 4G wireless assets, the Company has resolved to adjust the depreciable life of the Group’s 4G wireless assets from 5 years to 7 years with effect from January 1, 2020. The adjusted depreciable life of the Group’s 4G wireless assets is the same as the depreciable life of its 5G wireless assets, which the Company considers to be a more reasonable reflection of the expected useful life of such type of assets. The aforesaid changes in accounting estimates will be made using the prospective application method with no need for any retrospective adjustment, and hence the Group’s financial reports for 2019 and earlier years will not be affected. According to the Company’s static calculation based on currently available information, the aforesaid changes are expected to impact the Group’s depreciation by a decrease of approximately RMB18.3 billion for the year ending December 31, 2020. After the outbreak of the coronavirus disease (“COVID-19 outbreak”) in early 2020, a series of precautionary and control measures have been implemented across the country. The pandemic has impacted the business development and operating results of the Group to some extent, and the Group will pay close attention to the development of the COVID-19 outbreak and continuously evaluate its impact on the financial position and operating results of the Group. |
Accounting Estimates and Judgem
Accounting Estimates and Judgements | 12 Months Ended |
Dec. 31, 2019 | |
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Accounting Estimates and Judgements | 39 ACCOUNTING ESTIMATES AND JUDGEMENTS Key sources of estimation uncertainty Key sources of estimation uncertainty are as follows: Impairment losses of accounts receivable The impairment loss allowance of 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 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 duration of the customer contract, which is consistent with the recognition of revenue from the products and services to which the assets relate. The amortization period is updated if there is a significant change in the Group’s expected duration 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, right-of-use 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, right-of-use 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 |
Possible Impact of Amendments,
Possible Impact of Amendments, New Standards, Interpretations and Disclosures Issued but Not Yet Effective for the Year Ended December 31, 2019 | 12 Months Ended |
Dec. 31, 2019 | |
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Possible Impact of Amendments, New Standards, Interpretations and Disclosures Issued but Not Yet Effective for the Year Ended December 31, 2019 | 40 POSSIBLE IMPACT OF AMENDMENTS, NEW STANDARDS, INTERPRETATIONS AND DISCLOSURES ISSUED BUT NOT YET EFFECTIVE FOR THE YEAR ENDED DECEMBER 31, 2019 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, 2019 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 accounting periods beginning on or after IFRS 17 “Insurance Contracts” January 1, 2021 Amendments to IAS 1 “Presentation of Financial Statements” and IAS 8 “Accounting Policies, Changes in Accounting Estimates and Errors” January 1, 2020 Amendments to IFRS 3 “Business Combinations” - “Definition of a Business” January 1, 2020 Revised Conceptual Framework for Financial Reporting January 1, 2020 Amendment to IFRS 9 “Financial Instruments” and IFRS 7 “Financial Instruments: Disclosures” - January 1, 2020 Amendments to IFRS 10 “Consolidated Financial Statements” and IAS 28 “Investments in associates and joint ventures” To be determined 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. |
Condensed Financial Information
Condensed Financial Information of the Company | 12 Months Ended |
Dec. 31, 2019 | |
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Condensed Financial Information of the Company | 41 CONDENSED FINANCIAL INFORMATION OF THE COMPANY (a) Condensed statements of comprehensive income 2019 2018 2017 Million Million Million Dividend income 53,475 60,044 111,490 Operating expenses (70 ) (67 ) (77 ) Interest and other income 38 41 23 Other gains/(losses) 77 250 (87 ) Finance costs — — (2 ) Profit before taxation 53,520 60,268 111,347 Taxation (9 ) — (14 ) PROFIT FOR THE YEAR 53,511 60,268 111,333 Other comprehensive income for the year — — — TOTAL COMPREHENSIVE INCOME FOR THE YEAR 53,511 60,268 111,333 (b) Condensed balance sheets As of As of December 31, 2019 December 31, 2018 Million Million Non-current 492,759 491,748 Current assets 2,262 2,614 Current liabilities 5,121 4,708 Non-current — — NET ASSETS 489,900 489,654 TOTAL EQUITY 489,900 489,654 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 2019 2018 2017 Million Million Million Net cash (used)/generated from operating activities (156 ) 2 (72 ) Net cash generated from investing activities 14,778 15,792 28,840 Net cash used in financing activities (14,532 ) (16,331 ) (28,913 ) Net increase/(decrease) in cash and cash equivalents 90 (537 ) (145 ) Cash and cash equivalents at beginning of year 245 554 796 Effect of changes in foreign exchange rate (25 ) 228 (97 ) Cash and cash equivalents at end of year 310 245 554 |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
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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. The consolidated financial statements were authorized by the Board of Directors to issue on April 28, 2020. |
Basis of preparation | (b) Basis of preparation The consolidated financial statements for the year ended December 31, 2019 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, 2019 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 39 |
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 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 uses merger accounting to account for the 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 depreciation and amortization 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. |
Leased assets | (i) Leases (i) As lessee Other than land use right, the Group primarily leases telecommunications towers, buildings and premises and other network equipment. Lease contracts are typically made for fixed periods with no extension options. Recognition and measurement of lease liabilities Lease liabilities are initially measured on the present value of unpaid lease payments at the commencement date. Lease payments include the net present value of fixed payments, variable lease payments that are based on an index or a rate, residual value guarantees payments, lease payments to be made under reasonably certain extension options and payments of penalties for terminating the lease. As the interest rate implicit in the lease of the Group cannot be readily determined, the Group uses incremental borrowing rate as the discounted rate for calculating the present value of lease payments. When determine the incremental borrowing rate, the Group makes adjustments on risk-free interest based on lease term and credit risk for leases, as the Group does not have recent third party financing. Lease payments are allocated between principal and finance cost. The Group calculates lease liability interests based on a constant periodic rate, which is charged to profit or loss as finance cost over the lease period. Recognition and measurement of right-of-use asset Right-of-use Right-of-use Other lease expense Payments associated with short-term leases and leases of low-value Classification of lease related cash flow Short-term lease payments, payments for leases of low-value (ii) As lessor Lease income from operating leases where the Group is a lessor is recognized in income on a straight-line basis over the lease term. Initial direct costs incurred in obtaining an operating lease are added to the carrying amount of the lease asset and recognized as expense over the lease term on the same basis as lease income. The respective leased assets are included in the balance sheets based on their nature. The Group did not need to make any adjustments to the accounting for assets held as lessor as a result of adopting the new leasing standard. Accounting policies applied until December 31, 2018 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; • right-of-use • construction in progress; • land use rights; • investments in subsidiaries; • goodwill; and • other intangible assets with definite life. 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. |
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 investments; • Loans and receivables; and • Available-for-sale financial assets. 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 financial assets, if any impairment evidence exists, the cumulative loss (measured as the difference between the acquisition cost (net of any principal repayment and amortization) and the current fair value, less any impairment loss on that financial asset previously recognized in profit or loss) is reclassified from equity and recognized in profit or loss. If, in a subsequent period, the fair value of a debt instrument classified as available-for-sale increases and the increase can be objectively related to an event occurring after the impairment loss was recognized in profit or loss, the impairment loss is reversed through profit or loss. For equity instruments classified as available-for-sale financial assets, a significant or prolonged decline in the fair value of the security below its cost is also evidence that the assets are impaired. If any impairment evidence exists, the cumulative loss (measured as the difference between the acquisition cost and the current fair value, less any impairment loss on that financial asset previously recognized in profit or loss) is reclassified from equity and recognized in profit or loss. Impairment losses recognized in profit or loss on equity instruments are not reversed through profit or loss. • 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 are initially recognized at the amount of consideration that is unconditional and other receivables are initially recognized at fair value. Considering the discounting impact is immaterial, both of them are thereafter stated at cost less related loss allowance for impairment (see note 2(l)). |
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. Considering the discounting impact is immaterial, both of them are thereafter stated at cost. |
Deferred revenue | (p) Deferred revenue Deferred revenue consists primarily of contract liability which is from the excess of the cumulative recognized 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 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. The Group also sells telecommunication related products to its customers. 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 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 the 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. If a stand-alone selling price is not directly observable, the Group considers all information that is reasonably available and maximise the use of observable inputs to estimate the stand-alone 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 is transferred 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 a systemic basis that is consistent with the transfer to the customer of the goods or services to which the costs incurred to obtain a customer contract relates over the expected duration of the contract and recorded in selling expense, if it is expected to be recovered. 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 on a systemic basis that is consistent with the transfer to the customer of the goods or services to which the costs incurred to fulfil a customer contract relates over the expected duration of the contract and recorded as network operation and support expenses, if it is expected to be recovered. 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-employment 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, 2019 | |
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, 2019 | |
Text block [abstract] | |
Consolidated Balance Sheet (Extract) | Consolidated Balance Sheet s (Extract) December 31, 2017 (As previously reported) Changes in accounting policy – IFRS 9 Changes in accounting policy – IFRS 15 January 1, 2018 (As restated) Million Million Million Million Assets Non-current assets 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 financial assets 44 (44 ) — — Other non-current assets — — 6,469 6,469 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 financial assets 65,630 (65,630 ) — — Equity and liabilities Liabilities Current liabilities Accrued expenses and other payables 190,866 — (782 ) 190,084 Deferred revenue 85,282 — (385 ) 84,897 Equity Reserves 583,506 (2,365 ) 8,896 590,037 Consolidated Balance Sheets (Extracted) December 31, Changes 2018 accounting January 1, (As previously policy 2019 reported) – IFRS 16 (As restated) Million Million Million Assets Non-current Right-of-use — 84,289 84,289 Land use rights and others 27,778 (4,665 ) 23,113 Investments accounted for using the equity method 145,325 (1,216 ) 144,109 Deferred tax assets 29,654 488 30,142 Current assets Prepayments and other current assets 27,002 (1,811 ) 25,191 Equity and liabilities Liabilities Current liabilities Lease liabilities — 19,917 19,917 Non-current Lease liabilities – non-current — 60,290 60,290 Deferred tax liabilities 822 (16 ) 806 Equity Reserves 650,275 (3,106 ) 647,169 |
Reconciliation Between Operating Lease Commitments And Lease Liabilities | (ii) The reconciliation between the operating lease commitments disclosed as of December 31, 2018 and the lease liabilities recognized as of January 1, 2019 is as follows: Note Million Operating lease commitments disclosed as of December 31, 2018 220,301 Discounted using the lessee’s incremental borrowing rate at the date of initial application 202,651 Less: Short-term leases and low-value (5,827 ) Contracts reassessed as service arrangement (i) (90,520 ) Variable lease payments not recognized as lease liabilities (ii) (26,097 ) Lease liabilities recognized as of January 1, 2019 80,207 Of which: Current portion 19,917 Non-current 60,290 Notes: (i) Contracts reassessed as service arrangement primarily comprise non-lease component of lease contracts of telecommunications towers and related assets, lines and network assets, etc.. (ii) Variable lease payments not recognized as lease liabilities primarily comprise variable lease payments not based on an index or a rate of lease contracts of telecommunications towers and related assets. |
Summary of Effects Arising from Initial Application of IFRS 15 | Consolidated Statement s of Comprehensive Income (Extract) 2018 As Adjustments Amounts without adoption of IFRS 15 Million Million 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 Network operation and support expenses 200,007 86 200,093 Selling expenses 60,326 6,048 66,374 Cost of products sold 66,231 847 67,078 Other operating expenses 40,775 (32 ) 40,743 Consolidated Balance Sheet s (Extract) As of December 31, 2018 As Adjustments Balances without adoption of IFRS 15 Million Million Million Assets Non-current assets Deferred tax assets 29,654 3,301 32,955 Other non-current assets 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, 2019 | |
Text block [abstract] | |
Disaggregation of operating revenue | 2019 2018 2017 Million Million Million Revenue from telecommunications services Voice services 88,624 108,083 156,918 Data services -SMS & MMS 28,648 28,800 28,058 -Wireless data traffic 384,999 383,297 364,906 -Wireline broadband 68,835 54,285 39,731 -Applications and information services 82,543 75,701 60,655 Others 20,743 20,741 18,083 674,392 670,907 668,351 Revenue from sales of products and others 71,525 65,912 72,163 745,917 736,819 740,514 |
Summary of Contract Assets | The Group has recognized the following assets related to contract with customers: As of As of Note December 31, 2019 December 31, 2018 Million Million Contract assets (i ) 6,567 6,489 Less: current portion (5,003 ) (5,022 ) Non-current non-current 1,564 1,467 Contract costs recorded in other non-current (ii ) 15,987 6,975 Other non-current 17,551 8,442 |
Summary of Significant Changes in Contract Assets Relating to Contracts with Customers | Contract assets Gross amount Loss allowance Million Million As of January 1, 2019 6,831 (342 ) Increase resulting from satisfaction of performance obligation 6,886 — Reclassified to accounts receivable (6,834 ) — Net impairment loss of contract assets — 26 As of December 31, 2019 6,883 (316 ) |
Summary of Significant Changes in Contract Costs Relating to Contracts with Customers | Contract costs 2019 2018 Million Million As of January 1 6,975 4,954 Addition 24,149 9,711 Amortization for the year (15,137 ) (7,690 ) As of December 31 15,987 6,975 |
Summary of contract liabilities | Contract liabilities are presented in deferred revenue in the consolidated balance sheets. Changes in contract liabilities are as follows: Contract liabilities 2019 2018 Million Million As of January 1 62,812 81,147 Opening balance recognized in the consolidated statement of comprehensive income for the year (56,409 ) (66,370 ) Other changes for the year 51,028 48,035 As of December 31 57,431 62,812 |
Network Operaton And Support _2
Network Operaton And Support Expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Details of network operation and support expenses | Details of network operation and support expenses are as follows: 2019 2018 2017 Note Million Million Million Maintenance 53,216 54,569 55,737 Power and utilities expenses 32,837 32,032 30,518 Operation support and related expenses 39,764 41,087 36,612 Charges for use of tower assets (i ) 25,518 38,981 36,946 Charges for use of lines and network assets (ii ) 7,715 8,489 9,390 Charges for use of other assets (ii ) 7,492 16,102 15,151 Others 9,268 8,747 7,986 175,810 200,007 192,340 Note: (i) For the year ended December 31, 2019, charges for use of tower assets included the non-lease component charges (maintenance, utility connection and telecommunications equipment room and related support services) and the lease component charges of variable lease payments not based on an index or a rate, which are recorded in profit or loss as incurred. (ii) For the year ended December 31, 2019, charges for use of lines and network assets and other assets mainly included the non-lease low-value (iii) For the year ended December 31, 2019, short-term leases payments and leases payments of low-value assets amounted to RMB6,757 million, and variable leases payments not based on an index or a rate, which are recorded in profit or loss as incurred, amounted to RMB8,186 million. |
Employee Benefit and Related _2
Employee Benefit and Related Expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Employee Benefit and Related Expenses | 2019 2018 2017 Million Million Million Salaries, wages, labor service expenses and other benefits 86,610 81,843 74,427 Retirement costs: contributions to defined contribution retirement plans 15,908 12,096 11,086 102,518 93,939 85,513 |
Other Operating Expenses (Table
Other Operating Expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Other Operating Expenses | 2019 2018 2017 (Note 5) (Note 5) Note Million Million Million Interconnection 21,037 20,692 21,762 Credit impairment losses 5,761 4,635 3,392 Write-down of inventories 171 155 297 (Gain)/loss on disposal of property, plant and equipment (64 ) 8 8 Write-off 2,975 1,250 12,593 Auditors’ remuneration - audit services (i ) 111 108 107 - tax services 2 3 3 - other services 10 6 12 Others (ii ) 16,241 13,918 19,312 46,244 40,775 57,486 Note: (i) Audit services include reporting on the Group’s internal controls over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act of the United States of America at a service fee of RMB22 million (2018: RMB22 million; 2017: RMB22 million). (ii) Others consist of administrative expenses, taxes and surcharges, and other miscellaneous expenses. |
Other Gains (Tables)
Other Gains (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Other Gains | 2019 2018 2017 Million Million Million Compensation income 915 1,184 1,118 Others 3,114 1,722 1,271 4,029 2,906 2,389 |
Interest and Other Income (Tabl
Interest and Other Income (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary Of Interest and Other Income | 2019 2018 2017 Million Million Million Interest income 10,065 11,443 12,884 Fair value gains recognized, net 5,495 4,442 2,999 15,560 15,885 15,883 |
Finance Costs (Tables)
Finance Costs (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Finance Costs | 2019 2018 2017 Million Million Million Interest for lease liabilities 3,052 — — Interest on short-term deposits received (note 35(a)) 187 142 21 Interest on bonds — — 187 Others 7 2 2 3,246 144 210 |
Directors' and Senior Managem_2
Directors' and Senior Management's Remuneration (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Directors' Remuneration | Directors’ remuneration during 2019 is as follows: Contributions relating to Salaries, social insurance, Directors’ allowances housing fund and 2019 fees and bonuses retirement scheme Total ’000 ’000 ’000 ’000 Executive directors (Expressed in RMB) YANG Jie 1 — 461 169 630 SHANG Bing 2 — 1,354 89 1,443 LI Yue 3 — 1,585 187 1,772 Wang Yuhang 4 — 415 163 578 DONG Xin 5 — 1,469 195 1,664 — 5,284 803 6,087 Independent non-executive CHENG Mo Chi, Moses 460 — — 460 CHOW Man Yiu, Paul 455 — — 455 YIU Kin Wah, Stephen * 470 — — 470 YANG Qiang ** — — — — 1,385 — — 1,385 Directors’ remuneration during 2018 is as follows: Contributions relating to Salaries, social insurance, Directors’ allowances housing fund and 2018 fees and bonuses retirement scheme Total ’000 ’000 ’000 ’000 Executive directors (Expressed in RMB) YANG Jie 1 — — — — SHANG Bing 2 — 867 134 1,001 LI Yue 3 — 1,000 163 1,163 SHA Yuejia 6 — 745 104 849 DONG Xin 5 — 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: Contributions relating to Salaries, social insurance, Directors’ allowances housing fund and 2017 fees and bonuses retirement scheme Total ’000 ’000 ’000 ’000 Executive directors (Expressed in RMB) SHANG Bing 2 — 781 123 904 LI Yue (Chief Executive Officer) 3 — 781 151 932 LIU Aili 7 — 592 110 702 SHA Yuejia 6 — 702 148 850 DONG Xin 5 — 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 1 Mr. YANG Jie was appointed as an executive director and the chairman of the Company with effect from March 21, 2019. 2 Mr. SHANG Bing resigned from his position as an executive director and the chairman of the Company with effect from March 4, 2019. 3 Mr. LI Yue resigned from his position as an executive director and chief executive officer of the Company with effect from October 11, 2019. 4 Mr. WANG Yuhang was appointed as an executive director of the Company with effect from October 24, 2019. 5 Mr. DONG Xin was appointed as an executive director of the Company with effect from March 23, 2017. 6 Mr. SHA Yuejia resigned from his position as executive director of the Company with effect from May 17, 2018. 7 Mr. LIU Aili resigned from his position as executive director of the Company with effect from September 29, 2017. * Mr. Stephen YIU Kin Wah was appointed as an independent non-executive ** Dr. YANG Qiang was appointed as an independent non-executive *** Mr. Frank WONG Kwong Shing resigned from the role of independent non-executive |
Individuals with Highest Emol_2
Individuals with Highest Emoluments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Emoluments Payable to the Five Individuals with Highest Emoluments | The emoluments payable to the five individuals with highest emoluments during 2017, 2018 and 2019 are as follows: 2019 2018 2017 ’000 ’000 ’000 Salaries, allowances and benefits in kind 6,592 6,579 5,259 Performance related bonuses 4,314 4,208 4,014 Retirement scheme contributions 187 156 158 11,093 10,943 9,431 |
Emoluments by Bands | The emoluments fell within the following bands: 2019 2018 2017 Number of individuals Number of individuals Number of individuals Emolument bands 1,500,001—2,000,000 — — 3 2,000,001—2,500,000 5 5 2 |
Taxation (Tables)
Taxation (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Taxation in Consolidated Statements of Comprehensive Income | (a) Taxation in the consolidated statements of comprehensive income represents: 2019 2018 2017 Note Million Million Million Current tax Provision for the PRC enterprise income tax on the estimated taxable profits for the year (i) 36,989 34,395 36,945 Provision for Hong Kong profits tax on the estimated assessable profits for the year (ii) 269 275 260 37,258 34,670 37,205 Deferred tax Origination and reversal of temporary differences, net (note 22) (1,916 ) 1,274 (3,482 ) 35,342 35,944 33,723 Note: (i) The provision for the PRC enterprise income tax is based on the statutory tax rate of 25% (2018: 25%; 2017: 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, 2019. Certain subsidiaries of the Company enjoy the preferential tax rate of 15% (2018: 15%; 2017: 15%). (ii) The provision for Hong Kong profits tax is calculated at 16.5% (2018: 16.5%; 2017: 16.5%) of the estimated assessable profits for the year ended December 31, 2019. (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: 2019 2018 2017 Million Million Million Profit before taxation 142,133 153,895 148,137 Notional tax on profit before tax, calculated at the PRC’s statutory tax rate of 25% (Note) 35,533 38,474 37,034 Tax effect of non-taxable – Income from investments accounted for using the equity method (3,160 ) (3,465 ) (2,487 ) – Interest and other income (75 ) (131 ) (41 ) Tax effect of non-deductible 1,211 604 772 Tax effect of non-deductible 114 85 70 Rate differential of certain PRC operations (note 13(a)(i)) (930 ) (1,835 ) (2,317 ) Rate differential of Hong Kong operations (note 13(a)(ii)) (177 ) (189 ) (182 ) Tax effect of deductible temporary difference for which no deferred tax asset was recognized 668 1,414 154 Tax effect of deductible tax loss for which no deferred tax asset was recognized 2,019 1,267 818 Others 139 (280 ) (98 ) Taxation 35,342 35,944 33,723 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: 2019 2018 2017 Before Tax After Before Tax After Before Tax After Change in value of available-for-sale — — — — — — (7 ) 2 (5 ) Changes in value of financial assets at FVOCI (74 ) (1 ) (75 ) (168 ) — (168 ) — — — Currency translation differences 683 — 683 1,160 — 1,160 (735 ) — (735 ) Share of other comprehensive income/(loss) of investments accounted for using the equity method 442 — 442 1,248 — 1,248 (1,038 ) — (1,038 ) Other comprehensive income/(loss) 1,051 (1 ) 1,050 2,240 — 2,240 (1,780 ) 2 (1,778 ) Current tax — — — Deferred tax (1 ) — 2 (1 ) — 2 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Disclosure of diluted earnings per share | 2019 2018 2017 Million Million Million Profit attributable to equity shareholders of the Company used in calculating basic earnings per share 106,641 117,781 114,279 Add: Dilution impact on share of profit of investment in an associate due to the associate’s convertible bonds (note 23) 41 — — Less: Fair value gain on the associate’s convertible bonds held by the Group, net of tax (632 ) — — Profit attributable to equity shareholders of the Company used in calculating diluted earnings per share 106,050 117,781 114,279 |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Property, Plant and Equipment | Buildings Telecommunications Million Office equipment, fixtures Total Cost: 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 ) 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 As of January 1, 2019 155,451 1,548,851 25,301 1,729,603 Transferred from construction in progress 6,251 159,098 2,165 167,514 Other additions 539 1,235 911 2,685 Disposals — (28 ) (19 ) (47 ) Written-off (822 ) (100,962 ) (2,450 ) (104,234 ) Exchange differences 71 161 9 241 As of December 31, 2019 161,490 1,608,355 25,917 1,7 ,762 Accumulated depreciation and impairment: 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 ) 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 As of January 1, 2019 52,158 994,803 16,146 1,063,107 Charge for the year 5,983 150,243 1,817 158,043 Written back on disposals — (13 ) (14 ) (27 ) Written-off (33 ) (99,027 ) (1,192 ) (100,252 ) Exchange differences 9 49 1 59 As of December 31, 2019 58,117 1,046,055 16,758 1,120,930 Net book value: As of December 31, 2019 103,373 562,300 9,159 674,832 As of December 31, 2018 103,293 554,048 9,155 666,496 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Disclosure of right of use assets | (a) Right-of-use Telecommunications Towers and related Buildings premises Others Total Million Million Million Million Cost: As of January 1, 2019 75,169 35,790 3,545 114,504 Additions 5,696 9,135 1,139 15,970 Early termination and modification of lease contracts (1,890 ) (1,620 ) (567 ) (4,077 ) Exchange gains and losses — 22 — 22 As of December 31, 2019 78,975 43,327 4,117 126,419 Accumulated amortization and impairment: As of January 1, 2019 15,299 12,409 2,507 30,215 Charge for the year 14,738 7,675 338 22,751 Early termination of lease contracts (276 ) (435 ) (151 ) (862 ) Exchange gains and losses — 7 — 7 As of December 31, 2019 29,761 19,656 2,694 52,111 Net book value: As of December 31, 2019 49,214 23,671 1,423 74,308 As of January 1, 2019 59,870 23,381 1,038 84,289 |
Construction in Progress (Table
Construction in Progress (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Construction in Progress | 2019 2018 Million Million As of January 1 72,180 78,112 Additions 163,312 163,962 Transferred to property, plant and equipment (167,514 ) (169,894 ) As of December 31 67,978 72,180 |
Goodwill (Tables)
Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Goodwill | 2019 2018 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, 2019 | |
Investments accounted for using equity method [abstract] | |
Summary of Subsidiaries | The following list contains only the particulars of subsidiaries, 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 ownership interest Name of company* establishment Particulars of issued Held by the Held by a Principal activity China Mobile Communication British Virgin HK$1 100 % — Investment holding company China Mobile Communication Mainland China RMB1,641,848,326 — 100 % Network and business coordination center China Mobile Group Guangdong Co., Ltd. (“Guangdong Mobile”) 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 RMB4,314,668,531 — 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 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 RMB2,581,599,639 — 100 % Telecommunications operator China Mobile Group Design Institute Co., Ltd. Mainland China RMB160,232,547 — 100 % Provision of telecommunications network planning design and consulting services 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 % Development, services and maintenance of industry value-added platform 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 % Operation support and capability service of digital content Fujian FUNO Mobile Communication Technology Company Limited*** Mainland China RMB60,000,000 — 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$19,319,810,000 100 % — Investment holding company China Mobile International Limited Hong Kong HK$8,100,000,000 — 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 services and sale of related products 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 RMB3,000,000,000 — 100 % Provision of network services China Mobile (Suzhou) Software Technology Co., Ltd. Mainland China RMB980,000,000 — 100 % Provision of Mobile Cloud research and development and operation support services China Mobile E-Commerce E-Commerce”) Mainland China RMB500,000,000 — 100 % Provision of e-payment e-commerce China Mobile (Hangzhou) Information Technology Co., Ltd. Mainland China RMB1,250,000,000 — 100 % Provision of family information products, capability research and development services China Mobile Online Services Co., Ltd. Mainland China RMB2,000,000,000 — 100 % Provision of call center and internet information services MIGU Company Limited Mainland RMB7,000,000,000 — 100 % Provision of mobile Internet digital content services China Mobile TieTong Company Limited Mainland RMB31,880,000,000 — 100 % Provision of engineering, maintenance, sales and telecommunications services China Mobile Internet Company Limited Mainland RMB2,900,000,000 — 100 % Provision of Internet related services China Mobile Investment Holdings Company Limited Mainland RMB975,920,000 — 100 % Investment holding company China Mobile System Integration Co., Ltd. (formerly known as China Mobile Quantong System Integration Co., Ltd.) Mainland RMB550,000,000 — 100 % Provision of computer system integration, construction, maintenance and related technology development services China Mobile (Chengdu) ICT Co., Ltd. Mainland RMB300,000,000 — 100 % Provision of Information technology products and technology research and development services China Mobile (Shanghai) ICT Co., Ltd. Mainland RMB200,000,000 — 100 % Provision of Information technology products and technology research and development services China Mobile Financial Technology Co., Ltd. Mainland RMB500,000,000 — 100 % Provision of e-payment e-commerce China Mobile Xiong’an Information & Telecommunication Technology Company Limited Mainland RMB150,000,000 — 100 % Provision of Information technology products and technology research and development services Zhongyidong Information Technology Co., Ltd. Mainland RMB1,000,000,000 — 100 % Provision of IT solution including digital technology * The nature of all the legal entities established in Mainland China is limited liability company. ** Companies registered as wholly owned foreign enterprises in Mainland China. *** Company registered as a sino-foreign equity joint venture in 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, 2019 | |
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 Million Associates 154,004 142,843 144,059 Joint ventures 1,224 1,266 1,266 155,228 144,109 145,325 |
Details of Principal Associates | Details of principal associates, all of which are listed on exchanges, are as follows: Name of associate Place of Proportion of Principal activity SPD Bank PRC 18 % Provision of banking services China Tower Corporation Limited PRC 28 % Construction, maintenance and operation of telecommunications towers IFLYTEK Co., Ltd. PRC 13 % Provision of intelligent voice and artificial intelligence products and services True Corporation Public Company Limited Thailand 18 % Provision of telecommunications services |
Summary Financial Information on Principal Associates | SPD Bank As of December 31 2019 2018 Total assets 7,005,929 6,289,606 Total liabilities 6,444,878 5,811,226 Total equity 561,051 478,380 Total equity attributable to ordinary equity shareholders 493,945 441,642 Percentage of ownership of the Group 18% 18% Total equity attributable to the Group 89,774 80,291 The impact of fair value adjustments at the time of acquisition, goodwill and others 6,084 6,660 Interest in associates 95,858 86,951 China Tower IFLYTEK True Corporation As of December 31 As of December 31 As of December 31 2019 2018 2019 2018 2019 2018 Total current assets 40,995 31,799 11,430 7,762 31,298 26,309 Total non-current 297,072 283,565 8,671 7,540 90,680 78,251 Total current liabilities 128,364 114,759 6,866 5,813 35,186 43,097 Total non-current 27,142 20,103 1,500 1,278 57,457 33,215 Total equity 182,561 180,502 11,735 8,211 29,335 28,248 Total equity attributable to equity shareholders 182,559 180,502 11,418 7,971 29,184 28,123 Percentage of ownership of the Group 28% 28% 13% 13% 18% 18% Total equity attributable to the Group 51,281 50,414 1,465 1,075 5,253 5,062 The impact of fair value adjustments at the time of acquisition, goodwill and others — — 810 812 1,834 2,851 Elimination of unrealized profits resulting from the transfer of Tower Assets and its realization (2,543) (3,115) — — — — Interest in associates 48,738 47,299 2,275 1,887 7,087 7,913 Note: The Group has recognized its share of SPD Bank’s and IFLYTEK’s comprehensive income for the year 2019 based on the 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 2019 2018 2017 2019 2018 2017 Revenue 190,688 170,865 168,619 76,428 71,819 68,665 Profit before taxation 69,817 65,284 69,828 6,837 3,475 2,685 Profit attributable to ordinary equity shareholders 57,186 54,189 52,533 5,222 2,650 1,943 Other comprehensive income/(loss) attributable to ordinary equity shareholders 2,608 6,979 (5,568 ) — — — Total comprehensive income attributable to ordinary equity shareholders 59,794 61,168 46,965 5,222 2,650 1,943 Dividends received from associates 1,867 533 821 111 — — IFLYTEK True Corporation 2019 2018 2017 2019 2018 2017 Revenue 10,079 7,917 5,458 31,423 33,214 28,262 Profit before taxation 99 5 659 584 1,727 2,662 726 Profit attributable to ordinary equity shareholders 8 19 542 428 1,256 1,444 465 Other comprehensive income/(loss) attributable to ordinary equity shareholders — 1 — (186 ) (46 ) 32 Total comprehensive income attributable to ordinary equity shareholders 8 19 543 428 1,070 1,398 497 Dividends received from associates 27 18 18 117 39 — |
Fair Value of Interests in Listed Associates | As of December 31, 2019 As of December 31, 2018 Carrying amount Fair value Carrying amount Fair value Million Million Million Million SPD Bank 95,858 65,993 86,951 52,282 China Tower 48,738 75,729 47,299 63,738 IFLYTEK 2,275 9,268 1,887 6,623 True Corporation 7,087 6,432 7,913 6,589 |
Deferred Tax Assets and Liabi_2
Deferred Tax Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
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 December 31, December 31, Million Million Deferred tax assets: - Deferred tax asset to be recovered after 12 months 3,519 2,982 - Deferred tax asset to be recovered within 12 months 29,109 26,672 32,628 29,654 Deferred tax liabilities: - Deferred tax liabilities to be settled after 12 months (857 ) (598 ) - Deferred tax liabilities to be settled within 12 months (531 ) (224 ) (1,388 ) (822 ) |
Deferred Tax Assets and Liabilities Recognized and Movements During the Period | Deferred tax assets and liabilities recognized and the movements during 2019 As of Changes As of (Charged)/ Charged to Exchange As of Million Million Million Million Million Million Million Net deferred tax assets after offsetting: Write-down of obsolete inventories 75 — 75 (62 ) — — 13 Depreciation, write-off 5,289 — 5,289 833 — — 6,122 Accrued expenses and others 17,715 — 17,715 1,003 — — 18,718 Deferred revenue from Reward Program 5,784 — 5,784 (299 ) — — 5,485 Credit impairment losses 1,458 — 1,458 179 — — 1,637 Recognition of right-of-use assets and lease liabilities — 488 488 281 — — 769 Change in value of financial assets at FVOCI (6 ) — (6 ) — (1 ) — (7 ) Contract asset, contract liability and contract cost relating to customer contract (661 ) — (661 ) 552 — — (109 ) 29,654 488 30,142 2,487 (1 ) — 32,628 Net deferred tax liabilities after offsetting: Depreciation of property, plant and equipment (1,117 ) — (1,117 ) (1,152 ) — (13 ) (2,282 ) Recognition of right-of-use — 16 16 45 — — 61 Deferred revenue from Reward Program 157 — 157 109 — — 266 Accrued expenses and others 138 — 138 427 — 2 567 (822 ) 16 (806 ) (571 ) — (11 ) (1,388 ) Total 28,832 504 29,336 1,916 (1 ) (11 ) 31,240 Deferred tax assets and liabilities recognized and the movements during 2018 As of (Charged)/ Charged to Exchange As of Million Million Million Million Million Net deferred tax assets after offsetting: Write-down of obsolete inventories 120 (45 ) — — 75 Depreciation, write-off 7,082 (1,793 ) — — 5,289 Accrued expenses and others 18,934 (1,219 ) — — 17,715 Deferred revenue from Reward Program 5,943 (159 ) — — 5,784 Credit impairment losses 1,294 164 — — 1,458 Change in value of financial assets at FVOCI (6 ) — — — (6 ) Contract asset, contract liability and contract cost relating to customer contract (2,879 ) 2,218 — — (661 ) 30,488 (834 ) — — 29,654 Net deferred tax liabilities after offsetting: Depreciation of property, plant and equipment (362 ) (736 ) — (19 ) (1,117 ) Others — 296 — (1 ) 295 (362 ) (440 ) — (20 ) (822 ) Total 30,126 (1,274 ) — (20 ) 28,832 |
Fair Value Measurement of Fin_2
Fair Value Measurement of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Analysis of Fair Value Measurement of Financial Assets | Financial assets at fair ( i) Financial assets at fair (ii) Million Million As of December 31, 2018 -Current portion — 76,425 -Non-current 587 501 587 76,926 Addition — 161,343 Maturity — (129,505 ) Fair value gains recognized in profit or loss — 5,495 Fair value losses recognized in other comprehensive income, before tax (74 ) — As of December 31, 2019 513 114,259 Less: Current portion — (114,259 ) Non-current 513 — 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, 2018 and 2019. (ii) The category of FVPL mainly comprises WMPs offered by various financial institutions in China amounting to RMB103,328 million and the Group’s investment in the convertible bonds issued by SPD Bank (“CB”) amounting to RMB9,928 million. All the WMPs will mature within one year with variable return rates indexed to the performance of underlying assets. As of December 31, 2019 and 2018, they were measured at fair values (level 3: inputs for the assets or liabilities that are not based on observable market data (that is unobservable inputs)). The fair values were determined based on cash flow discounted assuming the expected return will be obtained upon maturity. The CB was acquired by Guangdong Mobile, a wholly-owned subsidiary of the Company in October 2019 at a purchase consideration of RMB9,085 million upon SPD Bank publicly issued the instruments. The CB have been listed for trading and can be converted into equity shares of SPD Bank from May 4, 2020 to October 27, 2025. The CB were measured at the fair value as level 1 of fair value hierarchy. |
Restricted Bank Deposits (Table
Restricted Bank Deposits (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Restricted Bank Deposits | As of December 31, 2019 As of December 31, 2018 Non-current Current Total Non-current Current Total Restricted bank deposits - Statutory deposit reserves (Note) 8,586 — 8,586 4,486 — 4,486 - Deposited customer reserves (Note) 1,435 — 1,435 7,882 — 7,882 - Pledged bank deposits 42 371 413 1 9 10 10,063 371 10,434 12,369 9 12,378 |
Inventories (Tables)
Inventories (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Inventories | As of As of December 31, December 31, Handsets, SIM cards and other terminals 5,205 6,939 Other consumables 2,133 1,918 7,338 8,857 |
Accounts Receivable (Tables)
Accounts Receivable (Tables) - Trade receivables [member] | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019 December 31, 2018 Within 30 days 14,353 11,160 31 - 60 days 3,789 3,680 61 - 90 days 3,035 2,358 90 days - 1 year 9,575 7,649 Over 1 year 1,942 1,693 32,694 26,540 |
Summary of Changes in Loss Allowance of Accounts Receivable | The following table summarizes the changes in impairment loss allowance of accounts receivable: 2019 2018 Million Million As of January 1 7,269 5,863 Credit loss recognized 5,833 4,480 Accounts receivable written off (3,545 ) (3,074 ) As of December 31 9,557 7,269 |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Cash and Cash Equivalents | As of As of December 31, 2019 December 31, 2018 Bank deposits with original maturity within three months 8,959 3,470 Cash at banks and on hand 166,974 53,832 175,933 57,302 |
Accounts Payable (Tables)
Accounts Payable (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Aging Analysis of Accounts Payable | The aging analysis of accounts payable is as follows: As of As of December 31, 2019 December 31, 2018 Payable in the periods below: Within 1 month or on demand 139,856 164,081 After 1 month but within 3 months 6,270 8,902 After 3 months but within 6 months 4,839 7,349 After 6 months but within 9 months 4,569 3,411 After 9 months but within 12 months 9,284 7,104 164,818 190,847 All of the accounts payable are expected to be settled within one year or are repayable on demand. |
Deferred Revenue (Tables)
Deferred Revenue (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Deferred Revenue | Deferred revenue primarily includes prepaid service fees received from customers and unredeemed point rewards. 2019 2018 Million Million As of January 1 - Current portion 63,185 84,897 - Non-current 4,881 2,888 68,066 87,785 Additions during the year 256,432 299,383 Recognized in the consolidated statements of comprehensive income (259,812 ) (319,102 ) As of December 31 64,686 68,066 Less: Current portion (57,825 ) (63,185 ) Non-current 6,861 4,881 |
Accrued Expenses and Other Pa_2
Accrued Expenses and Other Payables (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Accrued Expenses And Other Payables | As of As of December 31, 2019 December 31, 2018 Receipts-in-advance 69,421 69,629 Other payables 28,962 31,990 Accrued salaries, wages and other benefits 7,213 6,950 Accrued expenses 76,772 87,003 182,368 195,572 |
Capital, Reserves and Dividen_2
Capital, Reserves and Dividends (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Share Capital | Ordinary shares, issued and fully paid: Number HK$ Equivalent of shares Million Million As of January 1 and December 31, 2018 and 2019 20,475,482,897 382,263 402,130 |
Summary of Dividends | (b) Dividends (i) Dividends attributable to the year: 2019 2018 2017 Million Million Million Ordinary interim dividend declared and paid of HK$1.527 (equivalent to approximately RMB1.343) (2018: HK$1.826 (equivalent to approximately RMB1.540); 2017: HK$1.623 (equivalent to approximately RMB1.409)) per share 28,206 32,870 28,211 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$1.723 (equivalent to approximately RMB1.543 million) (2018: HK$1.391 (equivalent to approximately RMB1.219); 2017: HK$1.582 (equivalent to approximately RMB1.322)) per share 31,602 24,955 27,077 59,808 57,825 110,909 The proposed ordinary final dividend, which is declared in Hong Kong dollar is translated into RMB with reference to the rate HK$1 = RMB0.89578, being the rate announced by the State Administration of Foreign Exchange in the PRC on December 31, 2019. As the ordinary final dividend was declared after the balance sheet date, such dividend is not recognized as liability as of December 31, 2019. 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: 2019 2018 2017 Million Million Million Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.391 (equivalent to approximately RMB1.219) (2018: HK$1.582 (equivalent to approximately RMB1.322); 2017: HK$1.243 (equivalent to approximately RMB1.112)) per share 25,059 27,060 22,204 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
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, 2017, 2018 and 2019. The majority of these transactions also constitute continuing connected transactions as defined under Chapter 14A of Listing Rules. Further details of these continuing connected transactions are disclosed under the paragraph “Connected Transactions” in the Report of Directors. Note 2019 2018 2017 Telecommunications services revenue (i) 495 71 47 Property leasing and management services revenue (ii) 197 226 188 Telecommunications services charges (i) 103 — — Property leasing and management services charges (ii) 1,129 1,009 999 Charges for use of network assets (iii) 1,448 2,308 2,494 Charges of use of network capacity (iii) 30 402 1,047 Interest expenses (iv) 187 142 21 Short-term bank deposits received (iv) 21,637 10,873 8,611 Short-term bank deposits repaid (iv) 10,873 8,611 5,552 Consideration of assets transferred (v) 873 — — Note: (i) The amounts represent telecommunications services settlement received/receivable or paid/payable 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 amounts represent the charges of property leasing and management fees received/receivable from or paid/payable to CMCC Group in respect of offices, retail outlets and warehouses. For the year ended December 31, 2019, the amounts included the depreciation of right-of-use (iii) The amounts represent the charges for use of network assets and the 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. (v) On August 9, 2019, the Group completed an acquisition of assets related to the “Village Connect” project, at a total consideration of RMB873 million. |
Amounts Due from (to) Related Party | The outstanding balances related to transactions with CMCC Group are included in the following accounts captions summarized as follows: As of As of December 31, December 31, 2018 Note Million Million Accounts receivable 630 282 Other receivables 277 145 Prepayments and other current assets 2 5 Amounts due from ultimate holding company 1,350 570 Right-of-use 399 — Lease liabilities 468 — Accounts payable 6,741 5,825 Accrued expenses and other payables 90 80 Amounts due to ultimate holding company (iv) 21,677 11,020 |
Associates and joint ventures [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 the associates and joint ventures of the Group for the year ended December 31, 2017, 2018 and 2019. Note 2019 2018 2017 Telecommunications services revenue (i) 535 604 828 Property leasing and management services revenue (ii) 30 40 99 Interest and other income (iii) 6,130 4,083 4,807 Dividend income 2,299 691 847 Related costs for use of tower assets (iv) 39,843 37,837 36,335 The outstanding balances related to transactions with the associates and joint ventures of the Group are included in the following accounts captions summarized as follows: As of December 31, As of December 31, Note Million Million Accounts receivable (i) 225 240 Interest receivable (iii) 831 829 Right-of-use assets (iv) 40,316 — Other receivables (v) 9,545 12,518 Financial assets at FVPL (vi) 54,490 41,128 Bank deposits (vii) 59,205 44,955 Prepayments and other current assets 36 160 Lease liabilities (iv) 43,142 — Accounts payable (iv) 4,708 3,252 Bills payable (iv) 356 135 Accrued expenses and other payables (iv) 6,511 7,301 Note: (i) The amounts represent the telecommunications services revenue received/receivable from the Group’s associates and joint ventures. (ii) The amounts represent the property leasing revenue received/receivable from China Tower. (iii) The amounts primarily represent interest received/receivable from deposits placed with SPD Bank, placements with SPD Bank and short-term loans granted to China Tower; and they also include income derived from WMP purchased from SPD Bank and the income from the CB publicly issued by SPD Bank as mentioned in Note 23. (iv) The amounts primarily represent the right-of-use right-of-use (v) Other receivables primarily represent the short-term loans granted to China Tower and placements with SPD Bank and withholding power and utilities expenses and lease charges payable on behalf of China Tower, etc. The interest rates of short-term loans are mutually agreed among both parties with reference to the market interest rates. (vi) The amounts represent the WMP purchased from SPD Bank and the CB publicly issued by SPD Bank. The return rates of WMP are determined with reference to market conditions and the fair values of CB are based on quoted market prices (level 1). (vii) The amounts represent the deposits placed with SPD Bank, the interest rate of which is determined in accordance with the benchmark interest rate published by PBOC. |
Financial Risk Management and_2
Financial Risk Management and Fair Values (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Summary of Expected Loss Rate Accounts Receivable Due | The expected loss rate as of December 31, 2018 and 2019 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 1 Individual customers Expected loss rate 2 % 20 % 80 % 100 % Within 181 days 1 year to 2 years 2 years to Over 3 Corporate customers Expected loss rate 2 % 20 % 60 % 80 % 100 % |
Remaining Contractual Maturities of Financial Liabilities | Carrying Total contractual Within or on More than 1 year but 3 years More than 3 years but 5 years More than 5 years Million Million Million Million Million Million As of December 31, 2019 Accounts payable 164,818 164,818 164,818 — — — Bills payable 2,896 2,896 2,896 — — — Accrued expenses and other payables 182,368 182,368 182,368 — — — Amount due to ultimate holding company 21,677 21,677 21,677 — — — Lease liabilities 74,303 80,973 23,814 39,791 9,662 7,706 446,062 452,732 395,573 39,791 9,662 7,706 Carrying Total contractual Within or on More than 1 year but 3 years More than 3 years but 5 years More than 5 years Million Million Million Million Million Million As of December 31, 2018 Accounts payable 190,847 190,847 190,847 — — — Bills payable 3,221 3,221 3,221 — — — Accrued expenses and other payables 195,572 195,572 195,572 — — — Amount due to ultimate holding company 11,020 11,020 11,020 — — — 400,660 400,660 400,660 — — — |
Commitments (Tables)
Commitments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
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: 2019 2018 Million Million Land and buildings 7,430 9,327 Telecommunications equipment and others 34,463 44,174 41,893 53,501 |
Future Minimum Lease Payments Under Non-cancellable Operating Leases | The total future minimum lease payments under non-cancellable Land and 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 |
Condensed Financial Informati_2
Condensed Financial Information of the Company (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Text block [abstract] | |
Condensed Statements of Comprehensive Income | (a) Condensed statements of comprehensive income 2019 2018 2017 Million Million Million Dividend income 53,475 60,044 111,490 Operating expenses (70 ) (67 ) (77 ) Interest and other income 38 41 23 Other gains/(losses) 77 250 (87 ) Finance costs — — (2 ) Profit before taxation 53,520 60,268 111,347 Taxation (9 ) — (14 ) PROFIT FOR THE YEAR 53,511 60,268 111,333 Other comprehensive income for the year — — — TOTAL COMPREHENSIVE INCOME FOR THE YEAR 53,511 60,268 111,333 |
Condensed Balance Sheets | (b) Condensed balance sheets As of As of December 31, 2019 December 31, 2018 Million Million Non-current 492,759 491,748 Current assets 2,262 2,614 Current liabilities 5,121 4,708 Non-current — — NET ASSETS 489,900 489,654 TOTAL EQUITY 489,900 489,654 |
Condensed Statements of Cash Flows | (c) Condensed statements of cash flows 2019 2018 2017 Million Million Million Net cash (used)/generated from operating activities (156 ) 2 (72 ) Net cash generated from investing activities 14,778 15,792 28,840 Net cash used in financing activities (14,532 ) (16,331 ) (28,913 ) Net increase/(decrease) in cash and cash equivalents 90 (537 ) (145 ) Cash and cash equivalents at beginning of year 245 554 796 Effect of changes in foreign exchange rate (25 ) 228 (97 ) Cash and cash equivalents at end of year 310 245 554 |
Significant Accounting Polici_4
Significant Accounting Policies - Estimated Useful Lives of Property, Plant and Equipment (Detail) | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019 | |
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, 2019 | Jan. 01, 2019 | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Non-current assets | |||||
Right-of-use assets | ¥ 74,308 | ||||
Land use rights and others | 27,455 | ¥ 27,778 | |||
Investments accounted for using the equity method | 155,228 | ¥ 144,109 | 145,325 | ||
Deferred tax assets | 32,628 | 29,654 | |||
Financial assets at fair value through other comprehensive income | 513 | 587 | |||
Other non-current assets | 17,551 | 8,442 | |||
Current assets | |||||
Contract assets | 5,003 | 5,022 | |||
Accounts receivable | 32,694 | 26,540 | |||
Financial assets at fair value through profit or loss | 114,259 | 76,425 | |||
Prepayments and other current assets | 26,708 | 27,002 | |||
Current liabilities | |||||
Accrued expenses and other payables | 182,368 | 195,572 | |||
Deferred revenue | 57,825 | 63,185 | |||
Lease liabilities | 22,668 | 19,917 | |||
Non-current liabilities | |||||
Lease liabilities – non-current | 51,635 | 60,290 | |||
Deferred tax liabilities | 1,388 | 822 | |||
Equity | |||||
Reserves | ¥ 701,643 | 650,275 | |||
Previously stated [member] | |||||
Non-current assets | |||||
Land use rights and others | 27,778 | ||||
Investments accounted for using the equity method | 145,325 | ¥ 132,499 | |||
Deferred tax assets | 29,654 | 33,343 | |||
Available-for-sale financial assets | 44 | ||||
Current assets | |||||
Accounts receivable | 24,153 | ||||
Available-for-sale financial assets | 65,630 | ||||
Prepayments and other current assets | 27,002 | ||||
Current liabilities | |||||
Accrued expenses and other payables | 190,866 | ||||
Deferred revenue | 85,282 | ||||
Non-current liabilities | |||||
Deferred tax liabilities | 822 | ||||
Equity | |||||
Reserves | 650,275 | 583,506 | |||
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) | ||||
Current assets | |||||
Accounts receivable | (195) | ||||
Financial assets at fair value through profit or loss | 65,630 | ||||
Available-for-sale financial assets | (65,630) | ||||
Equity | |||||
Reserves | (2,365) | ||||
Increase (decrease) due to application of IFRS 15 [member] | |||||
Non-current assets | |||||
Deferred tax assets | 3,301 | (2,879) | |||
Financial assets at fair value through other comprehensive income | 0 | ||||
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 | |||
Increase (decrease) due to application of IFRS 16 [member] | |||||
Non-current assets | |||||
Right-of-use assets | 84,289 | ||||
Land use rights and others | (4,665) | ||||
Investments accounted for using the equity method | (1,216) | ||||
Deferred tax assets | 488 | ||||
Current assets | |||||
Prepayments and other current assets | (1,811) | ||||
Current liabilities | |||||
Lease liabilities | 19,917 | ||||
Non-current liabilities | |||||
Lease liabilities – non-current | 60,290 | ||||
Deferred tax liabilities | (16) | ||||
Equity | |||||
Reserves | (3,106) | ||||
As restated [member] | |||||
Non-current assets | |||||
Right-of-use assets | 84,289 | ||||
Land use rights and others | 23,113 | ||||
Investments accounted for using the equity method | 144,109 | 130,305 | |||
Deferred tax assets | 30,142 | 30,488 | |||
Financial assets at fair value through other comprehensive income | 44 | ||||
Other non-current assets | 6,469 | ||||
Current assets | |||||
Contract assets | 4,139 | ||||
Accounts receivable | 23,958 | ||||
Financial assets at fair value through profit or loss | 65,630 | ||||
Prepayments and other current assets | 25,191 | ||||
Current liabilities | |||||
Accrued expenses and other payables | 190,084 | ||||
Deferred revenue | 84,897 | ¥ 84,897 | |||
Lease liabilities | 19,917 | ||||
Non-current liabilities | |||||
Lease liabilities – non-current | 60,290 | ||||
Deferred tax liabilities | 806 | ||||
Equity | |||||
Reserves | ¥ 647,169 | ¥ 590,037 |
Changes in Accounting Policie_3
Changes in Accounting Policies (IFRS 9 and IFRS 16) - Additional Information (Detail) - CNY (¥) ¥ in Millions | Jan. 01, 2018 | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of initial application of standards or interpretations [line items] | ||||
Investments accounted for using the equity method | ¥ 155,228 | ¥ 144,109 | ¥ 145,325 | |
Bottom of range [member] | ||||
Disclosure of initial application of standards or interpretations [line items] | ||||
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16 | 3.50% | |||
Top of range [member] | ||||
Disclosure of initial application of standards or interpretations [line items] | ||||
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16 | 4.00% | |||
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 application of IFRS 16 [member] | ||||
Disclosure of initial application of standards or interpretations [line items] | ||||
Investments accounted for using the equity method | ¥ (1,216) | |||
Increase/(decrease) due to application of IFRS 16 [member] | IFRS 16 lease [member] | ||||
Disclosure of initial application of standards or interpretations [line items] | ||||
Retained profit | (1,202) | |||
PRC statutory reserves | (14) | |||
Investments accounted for using the equity method | ¥ (1,216) | |||
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, 2019 | Dec. 31, 2018 |
Disclosure of initial application of standards or interpretations [line items] | |||
Contract liabilities | ¥ 57,431 | ¥ 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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2018 | |
Disclosure of initial application of standards or interpretations [line items] | ||||
Revenue from telecommunications services | ¥ 674,392 | ¥ 670,907 | ¥ 668,351 | |
Revenue from sales of products and others | 71,525 | 65,912 | 72,163 | |
Network operation and support expenses | 175,810 | 200,007 | 192,340 | |
Selling expenses | 52,813 | 60,326 | 61,086 | |
Cost of products sold | 72,565 | 66,231 | 73,668 | |
Other operating expenses | 46,244 | 40,775 | ¥ 57,486 | |
Non-current assets | ||||
Deferred tax assets | 32,628 | 29,654 | ||
Other non-current assets | 17,551 | 8,442 | ||
Current assets | ||||
Contract assets | 5,003 | 5,022 | ||
Current liabilities | ||||
Accrued expenses and other payables | 182,368 | 195,572 | ||
Deferred revenue | 57,825 | 63,185 | ||
Equity | ||||
Reserves | ¥ 701,643 | 650,275 | ||
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) | |||
Network operation and support expenses | 86 | |||
Selling expenses | 6,048 | |||
Cost of products sold | 847 | |||
Other operating expenses | (32) | |||
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 | |||
Network operation and support expenses | 200,093 | |||
Selling expenses | 66,374 | |||
Cost of products sold | 67,078 | |||
Other operating expenses | 40,743 | |||
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 |
Changes in Accounting Policie_6
Changes in Accounting Policies - Reconciliation between the Operating Lease Commitments and Lease Liability Recognized (Detail) - CNY (¥) ¥ in Millions | Jan. 01, 2019 | Dec. 31, 2019 |
Disclosure Of Reconciliation Between Operating Lease Commitments And Lease Liabilities Abstract [Abstract] | ||
Operating lease commitments disclosed as of December 31, 2018 | ¥ 220,301 | |
Discounted using the lessee's incremental borrowing rate at the date of initial application | 202,651 | |
Less: Short-term leases and low-value leases recognized on a straight-line basis as expense | (5,827) | |
Contracts reassessed as service arrangement | (90,520) | |
Variable lease payments not recognized as lease liabilities | (26,097) | |
Lease liabilities recognized as of January 1, 2019 | 80,207 | |
Lease liabilities [abstract] | ||
Current portion | 19,917 | ¥ 22,668 |
Non-current portion | ¥ 60,290 | ¥ 51,635 |
Operating Revenue - Disaggregat
Operating Revenue - Disaggregation of Operating Revenue (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of products and services [line items] | |||
Revenue from telecommunications services | ¥ 674,392 | ¥ 670,907 | ¥ 668,351 |
Revenue from sales of products and others | 71,525 | 65,912 | 72,163 |
Operating revenue | 745,917 | 736,819 | 740,514 |
Voice services [member] | |||
Disclosure of products and services [line items] | |||
Revenue from telecommunications services | 88,624 | 108,083 | 156,918 |
Others [member] | |||
Disclosure of products and services [line items] | |||
Revenue from telecommunications services | 20,743 | 20,741 | 18,083 |
Data services-SMS&MMS [Member] | |||
Disclosure of products and services [line items] | |||
Revenue from telecommunications services | 28,648 | 28,800 | 28,058 |
Data services-Wireless data traffic [Member] | |||
Disclosure of products and services [line items] | |||
Revenue from telecommunications services | 384,999 | 383,297 | 364,906 |
Data services-Wireline broadband [Member] | |||
Disclosure of products and services [line items] | |||
Revenue from telecommunications services | 68,835 | 54,285 | 39,731 |
Data services-Applications and information services [Member] | |||
Disclosure of products and services [line items] | |||
Revenue from telecommunications services | ¥ 82,543 | ¥ 75,701 | ¥ 60,655 |
Operating Revenue - Summary of
Operating Revenue - Summary of Contract Assets (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of products and services [line items] | ||
less:current portion | ¥ (5,003) | ¥ (5,022) |
Other non-current assets | 17,551 | 8,442 |
Contract assets relating to contracts with customers [member] | ||
Disclosure of products and services [line items] | ||
Total contract assets | 6,567 | 6,489 |
Contracts with customers non current portion recorded in other non current assets [member] | ||
Disclosure of products and services [line items] | ||
Total contract assets | 1,564 | 1,467 |
Contract costs recorded in other non current assets [member] | ||
Disclosure of products and services [line items] | ||
Other non-current assets | ¥ 15,987 | ¥ 6,975 |
Operating Revenue - Summary o_2
Operating Revenue - Summary of Changes in Contract Assets Relating to Contracts with Customers (Detail) ¥ in Millions | 12 Months Ended |
Dec. 31, 2019CNY (¥) | |
Contract assets [member] | |
Disclosure of contract assets [line items] | |
Beginning balance | ¥ 6,831 |
Increase resulting from satisfaction of performance obligation | 6,886 |
Reclassified to accounts receivable | (6,834) |
Ending balance | 6,883 |
Contract Assets Loss Allowance [member] | |
Disclosure of contract assets [line items] | |
Beginning balance | (342) |
Net impairment loss of contract assets | 26 |
Ending balance | ¥ (316) |
Operating Revenue - Summary o_3
Operating Revenue - Summary of Changes in Contract Costs Relating to Contracts with Customers (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of products and services [abstract] | ||
Beginning balance | ¥ 6,975 | ¥ 4,954 |
Addition | 24,149 | 9,711 |
Amortization for the year | (15,137) | (7,690) |
Ending balance | ¥ 15,987 | ¥ 6,975 |
Operating Revenue - Summary o_4
Operating Revenue - Summary of Contract Liabilities Are Presented In Deferred Revenue In The Consolidated Balance Sheet (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Of Contract Liabilities [Line Items] | ||
Begining balance | ¥ 62,812 | |
Opening balance recognized in the consolidated statement of comprehensive income for the year | (56,409) | ¥ (66,370) |
Other changes for the year | 51,028 | 48,035 |
Ending balance | ¥ 57,431 | 62,812 |
Restated balance [member] | ||
Disclosure Of Contract Liabilities [Line Items] | ||
Begining balance | ¥ 81,147 |
Network Operaton And Support _3
Network Operaton And Support Expenses - Details Of Network Operation And Support Expenses (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Material income and expense [abstract] | ||||
Maintenance | ¥ 53,216 | ¥ 54,569 | ¥ 55,737 | |
Power and utilities expenses | 32,837 | 32,032 | 30,518 | |
Operation support and related expenses | 39,764 | 41,087 | 36,612 | |
Charges for use of tower assets | [1] | 25,518 | 38,981 | 36,946 |
Charges for use of lines and network assets | [2] | 7,715 | 8,489 | 9,390 |
Charges for use of other assets | [2] | 7,492 | 16,102 | 15,151 |
Others | 9,268 | 8,747 | 7,986 | |
Total | ¥ 175,810 | ¥ 200,007 | ¥ 192,340 | |
[1] | For the year ended December 31, 2019, charges for use of tower assets included the non-lease component charges (maintenance, utility connection and telecommunications equipment room and related support services) and the lease component charges of variable lease payments not based on an index or a rate, which are recorded in profit or loss as incurred. | |||
[2] | For the year ended December 31, 2019, charges for use of lines and network assets and other assets mainly included the non-lease components charges and the lease components charges, such as short-term leases payments, leases payments of low-value assets and variable leases payments not based on an index or a rate, which are recorded in profit or loss as incurred. |
Network Operaton And Support _4
Network Operaton And Support Expenses - Details Of Network Operation And Support Expenses (Parenthetical) (Detail) ¥ in Millions | 12 Months Ended |
Dec. 31, 2019CNY (¥) | |
Material Income And Expense [Line Items] | |
Short-term leases payments and leases payments of low-value assets | ¥ 6,757 |
Variable leases payments | ¥ 8,186 |
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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Classes of employee benefits expense [abstract] | |||
Salaries, wages, labor service expenses and other benefits | ¥ 86,610 | ¥ 81,843 | ¥ 74,427 |
Retirement costs: contributions to defined contribution retirement plans | 15,908 | 12,096 | 11,086 |
Employee benefit and related expenses | ¥ 102,518 | ¥ 93,939 | ¥ 85,513 |
Other Operating Expenses - Summ
Other Operating Expenses - Summary of Other Operating Expenses (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Analysis of income and expense [abstract] | |||
Interconnection | ¥ 21,037 | ¥ 20,692 | ¥ 21,762 |
Credit impairment losses | 5,761 | 4,635 | 3,392 |
Write-down of inventories | 171 | 155 | 297 |
(Gain)/loss on disposal of property, plant and equipment | (64) | 8 | 8 |
Write-off and impairment of property, plant and equipment | 2,975 | 1,250 | 12,593 |
Auditors' remuneration | |||
- audit services | 111 | 108 | 107 |
- tax services | 2 | 3 | 3 |
- other services | 10 | 6 | 12 |
Other operating expenses - others | 16,241 | 13,918 | 19,312 |
Other operating expenses | ¥ 46,244 | ¥ 40,775 | ¥ 57,486 |
Other Operating Expenses - Su_2
Other Operating Expenses - Summary of Other Operating Expenses (Parenthetical) (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of other operating expenses [line items] | |||
Auditor's remuneration for audit service | ¥ 111 | ¥ 108 | ¥ 107 |
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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Analysis of income and expense [abstract] | |||
Compensation income | ¥ 915 | ¥ 1,184 | ¥ 1,118 |
Others | 3,114 | 1,722 | 1,271 |
Other gains | ¥ 4,029 | ¥ 2,906 | ¥ 2,389 |
Interest and Other Income - Sum
Interest and Other Income - Summary of Interest and Other Income (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of interest and other income [abstract] | |||
Interest income | ¥ 10,065 | ¥ 11,443 | ¥ 12,884 |
Fair value gains recognized, net | 5,495 | 4,442 | 2,999 |
Interest and other income | ¥ 15,560 | ¥ 15,885 | ¥ 15,883 |
Finance Costs - Summary of Fina
Finance Costs - Summary of Finance Costs (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Analysis of income and expense [abstract] | |||
Interest for lease liabilities | ¥ 3,052 | ||
Interest on short-term deposits received (note 35(a)) | 187 | ¥ 142 | ¥ 21 |
Interest on bonds | 187 | ||
Others | 7 | 2 | 2 |
Finance costs | ¥ 3,246 | ¥ 144 | ¥ 210 |
Directors' and Senior Managem_3
Directors' and Senior Management's Remuneration - Summary of Directors' Remuneration (Detail) ¥ in Thousands, $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2019CNY (¥) | Dec. 31, 2019HKD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018HKD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2017HKD ($) | |
Executive directors [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | ¥ 5,284 | ¥ 3,502 | ¥ 3,551 | |||
Contributions relating to social insurance, housing fund and retirement scheme | 803 | 558 | 677 | |||
Total | 6,087 | 4,060 | 4,228 | |||
Executive directors [member] | YANG Jie [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 461 | |||||
Contributions relating to social insurance, housing fund and retirement scheme | 169 | |||||
Total | 630 | |||||
Executive directors [member] | SHANG Bing [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 1,354 | 867 | 781 | |||
Contributions relating to social insurance, housing fund and retirement scheme | 89 | 134 | 123 | |||
Total | 1,443 | 1,001 | 904 | |||
Executive directors [member] | LI Yue [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 1,585 | 1,000 | 781 | |||
Contributions relating to social insurance, housing fund and retirement scheme | 187 | 163 | 151 | |||
Total | 1,772 | 1,163 | 932 | |||
Executive directors [member] | Wang Yuhang [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 415 | |||||
Contributions relating to social insurance, housing fund and retirement scheme | 163 | |||||
Total | 578 | |||||
Executive directors [member] | LIU Aili [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 592 | |||||
Contributions relating to social insurance, housing fund and retirement scheme | 110 | |||||
Total | 702 | |||||
Executive directors [member] | SHA Yuejia [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 745 | 702 | ||||
Contributions relating to social insurance, housing fund and retirement scheme | 104 | 148 | ||||
Total | 849 | 850 | ||||
Executive directors [member] | DONG Xin [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Salaries, allowances and bonuses | 1,469 | 890 | 695 | |||
Contributions relating to social insurance, housing fund and retirement scheme | 195 | 157 | 145 | |||
Total | ¥ 1,664 | ¥ 1,047 | ¥ 840 | |||
Independent non-executive directors [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | $ 1,385 | $ 1,509 | $ 1,640 | |||
Total | $ | 1,385 | 1,509 | 1,640 | |||
Independent non-executive directors [member] | WONG Kwong Shing Frank [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 177 | 470 | ||||
Total | $ | 177 | 470 | ||||
Independent non-executive directors [member] | CHENG Mo Chi, Moses [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 460 | 460 | 460 | |||
Total | $ | 460 | 460 | 460 | |||
Independent non-executive directors [member] | CHOW Man Yiu, Paul [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 455 | 455 | 455 | |||
Total | $ | 455 | 455 | 455 | |||
Independent non-executive directors [member] | YIU Kin Wah, Stephen [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | 470 | 417 | 255 | |||
Total | $ | 470 | 417 | $ 255 | |||
Independent non-executive directors [member] | YANG Qiang [member] | ||||||
Disclosure of transactions between related parties [line items] | ||||||
Directors' fees | $ | $ 0 | $ 0 |
Directors' and Senior Managem_4
Directors' and Senior Management's Remuneration - Additional Information (Detail) - Senior management [member] | 12 Months Ended |
Dec. 31, 2019CNY (¥) | |
Bottom of range [member] | |
Disclosure of transactions between related parties [line items] | |
Salaries, allowances and bonuses | ¥ 1,500,000 |
Top of range [member] | |
Disclosure of transactions between related parties [line items] | |
Salaries, allowances and bonuses | ¥ 2,000,000 |
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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Salaries, allowances and benefits in kind | ¥ 6,592 | ¥ 6,579 | ¥ 5,259 |
Performance related bonuses | 4,314 | 4,208 | 4,014 |
Retirement scheme contributions | 187 | 156 | 158 |
Total | ¥ 11,093 | ¥ 10,943 | ¥ 9,431 |
Individuals With Highest Emol_4
Individuals With Highest Emoluments - Emoluments by Bands (Detail) - Individual | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Emolument band 1,500,001 - 2,000,000 [member] | |||
Disclosure of transactions between related parties [line items] | |||
Number of individuals | 3 | ||
Emolument band 2,000,001 - 2,500,000 [member] | |||
Disclosure of transactions between related parties [line items] | |||
Number of individuals | 5 | 5 | 2 |
Taxation - Taxation in Consolid
Taxation - Taxation in Consolidated Statements of Comprehensive Income (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Current tax | |||
Current tax | ¥ 37,258 | ¥ 34,670 | ¥ 37,205 |
Deferred tax | |||
Origination and reversal of temporary differences, net (note 22) | (1,916) | 1,274 | (3,482) |
Taxation | 35,342 | 35,944 | 33,723 |
PRC [member] | |||
Current tax | |||
Current tax | 36,989 | 34,395 | 36,945 |
Hong Kong [member] | |||
Current tax | |||
Current tax | ¥ 269 | ¥ 275 | ¥ 260 |
Taxation - Taxation in Consol_2
Taxation - Taxation in Consolidated Statements of Comprehensive Income (Parenthetical) (Detail) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Profit before taxation | ¥ 142,133 | ¥ 153,895 | ¥ 148,137 |
Notional tax on profit before tax, calculated at the PRC's statutory tax rate of 25% (Note) | 35,533 | 38,474 | 37,034 |
Tax effect of deductible temporary difference for which no deferred tax asset was recognized | 668 | 1,414 | 154 |
Tax effect of deductible tax loss for which no deferred tax asset was recognized | 2,019 | 1,267 | 818 |
Others | 139 | (280) | (98) |
Taxation | 35,342 | 35,944 | 33,723 |
PRC [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Tax effect of non-deductible expenses | 1,211 | 604 | 772 |
Rate differential | (930) | (1,835) | (2,317) |
Hong Kong [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Tax effect of non-deductible expenses | 114 | 85 | 70 |
Rate differential | (177) | (189) | (182) |
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 | (3,160) | (3,465) | (2,487) |
Interest and other income [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Tax effect of non-taxable items | ¥ (75) | ¥ (131) | ¥ (41) |
Taxation - Tax Credited_(Charge
Taxation - Tax Credited/(Charged) Relating to Components of Other Comprehensive Income (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Income tax relating to components of other comprehensive income [abstract] | |||
Change in value of available-for-sale financial assets, Before tax | ¥ (7) | ||
Changes in value of financial assets at FVOCI, Before tax | ¥ (74) | ¥ (168) | |
Currency translation differences, Before tax | 683 | 1,160 | (735) |
Share of other comprehensive income/(loss) of investments accounted for using the equity method, Before tax | 442 | 1,248 | (1,038) |
Other comprehensive income/(loss), Before tax | 1,051 | 2,240 | (1,780) |
Change in value of available-for-sale financial assets, Tax credited/(charged) | 2 | ||
Changes in value of financial assets at FVOCI, Tax credited/(charged) | (1) | ||
Other comprehensive income/(loss), Tax credited/(charged) | (1) | 2 | |
Change in value of available-for-sale financial assets, After tax | (5) | ||
Changes in value of financial assets at FVOCI, After tax | (75) | (168) | |
Currency translation differences, After tax | 683 | 1,160 | (735) |
Share of other comprehensive income/(loss) of investments accounted for using the equity method, After tax | 442 | 1,248 | (1,038) |
Other comprehensive income/(loss), After tax | 1,050 | ¥ 2,240 | (1,778) |
Tax credited/(charged) relating to components of other comprehensive income, Tax credited/(charged) | |||
Deferred tax | (1) | 2 | |
Other comprehensive income/(loss), Tax credited/(charged) | ¥ (1) | ¥ 2 |
Earnings Per Share - Disclosure
Earnings Per Share - Disclosure Of Diluted Earnings Per Share Table (Detail) - CNY (¥) ¥ in Millions, shares in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Profit attributable to equity shareholders of the Company: | |||
Profit attributable to equity shareholders of the Company used in calculating basic earnings per share | ¥ 106,641 | ¥ 117,781 | ¥ 114,279 |
Add: Dilution impact on share of profit of investment in an associate due to the associate's convertible bonds (note 23) | 41 | 0 | 0 |
Less: Fair value gain on the associate's convertible bonds held by the Group, net of tax | (632) | 0 | 0 |
Profit attributable to equity shareholders of the Company used in calculating diluted earnings per share | ¥ 106,050 | ¥ 117,781 | ¥ 114,279 |
Earnings Per Share - Additional
Earnings Per Share - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Earnings per share [abstract] | |||
Profit attributable to equity shareholders of the Company used in calculating basic earnings per share | ¥ 106,641 | ¥ 117,781 | ¥ 114,279 |
Weighted average number of shares | 20,475,482,897 | 20,475,482,897 | 20,475,482,897 |
Profit attributable to equity shareholders of the Company used in calculating diluted earnings per share | ¥ 106,050 | ¥ 117,781 | ¥ 114,279 |
Dilution impact on weighted average number of shares | 20,475,482,897 | 20,475,482,897 | 20,475,482,897 |
Property, Plant and Equipment -
Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | ¥ 666,496 | |
Transferred from construction in progress | (167,514) | ¥ (169,894) |
Ending balance | 674,832 | 666,496 |
Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,729,603 | 1,593,531 |
Transferred from construction in progress | 167,514 | 169,894 |
Other additions | 2,685 | 2,226 |
Disposals | (47) | (1,440) |
written-off | (104,234) | (34,981) |
Exchange differences | 241 | 373 |
Ending balance | 1,795,762 | 1,729,603 |
Accumulated depreciation and impairment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,063,107 | 945,502 |
Charge for the year | 158,043 | 152,609 |
Written back on disposals | (27) | (1,428) |
written-off | (100,252) | (33,726) |
Exchange differences | 59 | 150 |
Ending balance | 1,120,930 | 1,063,107 |
Buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 103,293 | |
Ending balance | 103,373 | 103,293 |
Buildings [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 155,451 | 147,776 |
Transferred from construction in progress | 6,251 | 7,624 |
Other additions | 539 | 257 |
Disposals | (18) | |
written-off | (822) | (323) |
Exchange differences | 71 | 135 |
Ending balance | 161,490 | 155,451 |
Buildings [member] | Accumulated depreciation and impairment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 52,158 | 46,820 |
Charge for the year | 5,983 | 5,625 |
Written back on disposals | (15) | |
written-off | (33) | (290) |
Exchange differences | 9 | 18 |
Ending balance | 58,117 | 52,158 |
Telecommunications transceivers, switching centers, transmission and other network equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 554,048 | |
Ending balance | 562,300 | 554,048 |
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 | 1,548,851 | 1,421,968 |
Transferred from construction in progress | 159,098 | 160,654 |
Other additions | 1,235 | 465 |
Disposals | (28) | (1,304) |
written-off | (100,962) | (33,168) |
Exchange differences | 161 | 236 |
Ending balance | 1,608,355 | 1,548,851 |
Telecommunications transceivers, switching centers, transmission and other network equipment [member] | Accumulated depreciation and impairment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 994,803 | 882,529 |
Charge for the year | 150,243 | 145,504 |
Written back on disposals | (13) | (1,297) |
written-off | (99,027) | (32,064) |
Exchange differences | 49 | 131 |
Ending balance | 1,046,055 | 994,803 |
Office equipment, furniture, fixtures and others [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 9,155 | |
Ending balance | 9,159 | 9,155 |
Office equipment, furniture, fixtures and others [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 25,301 | 23,787 |
Transferred from construction in progress | 2,165 | 1,616 |
Other additions | 911 | 1,504 |
Disposals | (19) | (118) |
written-off | (2,450) | (1,490) |
Exchange differences | 9 | 2 |
Ending balance | 25,917 | 25,301 |
Office equipment, furniture, fixtures and others [member] | Accumulated depreciation and impairment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 16,146 | 16,153 |
Charge for the year | 1,817 | 1,480 |
Written back on disposals | (14) | (116) |
written-off | (1,192) | (1,372) |
Exchange differences | 1 | 1 |
Ending balance | ¥ 16,758 | ¥ 16,146 |
Property, Plant and Equipment_2
Property, Plant and Equipment - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
2G Network Assets [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Impairment loss recognised in profit or loss, property, plant and equipment | ¥ 0 | ¥ 0 | ¥ 10,450 |
Leases - Right-of-use assets (D
Leases - Right-of-use assets (Detail) - CNY (¥) ¥ in Millions | Jan. 01, 2019 | Dec. 31, 2019 |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Charge for the year | ¥ 22,751 | |
Ending balance | 74,308 | |
Increase (decrease) due to application of IFRS 16 [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Net book value: | ¥ 84,289 | 74,308 |
Ending balance | 84,289 | |
Gross carrying amount [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 114,504 | 114,504 |
Additions | 15,970 | |
Early termination and modification of lease contracts | (4,077) | |
Exchange gains and losses | 22 | |
Ending balance | 126,419 | |
Accumulated amortization and impairment [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 30,215 | 30,215 |
Charge for the year | 22,751 | |
Early termination of lease contracts | (862) | |
Exchange gains and losses | 7 | |
Ending balance | 52,111 | |
Telecommunications Towers and related assets [Member] | Increase (decrease) due to application of IFRS 16 [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Net book value: | 59,870 | 49,214 |
Telecommunications Towers and related assets [Member] | Gross carrying amount [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 75,169 | 75,169 |
Additions | 5,696 | |
Early termination and modification of lease contracts | (1,890) | |
Ending balance | 78,975 | |
Telecommunications Towers and related assets [Member] | Accumulated amortization and impairment [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 15,299 | 15,299 |
Charge for the year | 14,738 | |
Early termination of lease contracts | (276) | |
Ending balance | 29,761 | |
Buildings and premises [Member] | Increase (decrease) due to application of IFRS 16 [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Net book value: | 23,381 | 23,671 |
Buildings and premises [Member] | Gross carrying amount [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 35,790 | 35,790 |
Additions | 9,135 | |
Early termination and modification of lease contracts | (1,620) | |
Exchange gains and losses | 22 | |
Ending balance | 43,327 | |
Buildings and premises [Member] | Accumulated amortization and impairment [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 12,409 | 12,409 |
Charge for the year | 7,675 | |
Early termination of lease contracts | (435) | |
Exchange gains and losses | 7 | |
Ending balance | 19,656 | |
Others [Member] | Increase (decrease) due to application of IFRS 16 [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Net book value: | 1,038 | 1,423 |
Others [Member] | Gross carrying amount [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | 3,545 | 3,545 |
Additions | 1,139 | |
Early termination and modification of lease contracts | (567) | |
Ending balance | 4,117 | |
Others [Member] | Accumulated amortization and impairment [member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Beginning balance | ¥ 2,507 | 2,507 |
Charge for the year | 338 | |
Early termination of lease contracts | (151) | |
Ending balance | ¥ 2,694 |
Leases - Additional Information
Leases - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Dec. 31, 2019CNY (¥) | |
Disclosure of detailed information about depreciated charge of right-of-use assets recognized in the consolidated statement of comprehensive income [abstract] | |
Depreciation charge of right-of-use assets | ¥ 22,751 |
Construction in Progress - Summ
Construction in Progress - Summary of Construction in Progress (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [abstract] | ||
Beginning balance | ¥ 72,180 | ¥ 78,112 |
Additions | 163,312 | 163,962 |
Transferred to property, plant and equipment | (167,514) | (169,894) |
Ending balance | ¥ 67,978 | ¥ 72,180 |
Land Use Rights and Others - Ad
Land Use Rights and Others - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of quantitative information about leases for lessee [abstract] | |||
Amortization of land use rights expensed in the profit or loss | ¥ 462 | ¥ 467 | ¥ 446 |
Land use rights | ¥ 16,489 | ¥ 16,593 |
Goodwill - Summary of Goodwill
Goodwill - Summary of Goodwill (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
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, 2019 | Dec. 31, 2018 | |
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, 2024 [Member] | ||
Disclosure of information for cash-generating units [Line Items] | ||
Growth rate | 1.50% | |
For the years beyond Dec. 31, 2024 [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, 2019CNY (¥) | Dec. 31, 2019USD ($) | Dec. 31, 2019HKD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018HKD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2017HKD ($) | |
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 | ¥ 4,314,668,531 | ||||||
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 | ¥ 2,581,599,639 | ||||||
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 | ¥ 160,232,547 | ||||||
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 | Development, services and maintenance of industry value- added platform | ||||||
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 | Operation support and capability service of digital content | ||||||
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 | ¥ 60,000,000 | ||||||
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 | $ | 19,319,810,000 | ||||||
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 | $ | $ 8,100,000,000 | ||||||
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 services 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 | ¥ 3,000,000,000 | ||||||
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 Mobile Cloud research and development and operation support services | ||||||
China Mobile E-Commerce Co., Ltd. ("China Mobile E-Commerce") | |||||||
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 | ||||||
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 family information products, capability 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 | ¥ 2,000,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of call center and internet information 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 engineering maintenance, sales and 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 | ¥ 2,900,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of Internet related services | ||||||
China Mobile Investment Holdings 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 | ¥ 975,920,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Investment holding company | ||||||
China Mobile System Integration Co., Ltd. (formerly known as 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. | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 300,000,000 | ||||||
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. | |||||||
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 | ||||||
China Mobile Xiong'an Information & Telecommunication 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 | ¥ 150,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of Information technology products and technology research and development services | ||||||
Zhongyidong Information Technology Co., Ltd. | |||||||
Disclosure of subsidiaries [Line Items] | |||||||
Place of incorporation | Mainland China | ||||||
Place of establishment and operation | Mainland China | ||||||
Particulars of issued and paid up capital | ¥ 1,000,000,000 | ||||||
Proportion of Held by a subsidiary | 100.00% | ||||||
Principal activity | Provision of IT solution including digital technology |
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, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Investments in subsidiaries, joint ventures and associates [abstract] | |||
Associates | ¥ 154,004 | ¥ 142,843 | ¥ 144,059 |
Joint ventures | 1,224 | 1,266 | 1,266 |
Investments accounted for using the equity method | ¥ 155,228 | ¥ 144,109 | ¥ 145,325 |
Investments Accounted for Usi_4
Investments Accounted for Using the Equity Method - Details of Principal Associates (Detail) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
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% | 28.00% |
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 intelligent voice and artificial intelligence 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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2019 | Dec. 31, 2016 | |
Disclosure of associates [line items] | |||||
Total current assets | ¥ 529,866 | ¥ 535,116 | |||
Total assets | 1,629,240 | 1,535,910 | |||
Total non-current assets | 1,099,374 | 1,000,794 | |||
Total liabilities | 521,951 | 480,101 | |||
Total current liabilities | 462,067 | 474,398 | |||
Total non-current liabilities | 59,884 | 5,703 | |||
Total equity | 1,107,289 | 1,055,809 | ¥ 982,138 | ||
Total equity attributable to equity shareholders | 1,103,773 | 1,052,405 | |||
Interest in associates | 154,004 | 144,059 | ¥ 142,843 | ||
Revenue | 745,917 | 736,819 | ¥ 740,514 | ||
Profit before taxation | 142,133 | 153,895 | 148,137 | ||
Profit attributable to ordinary equity shareholders | 106,641 | 117,781 | 114,279 | ||
Other comprehensive income/(loss) attributable to ordinary equity shareholders | 1,050 | 2,240 | (1,778) | ||
Total comprehensive income attributable to ordinary equity shareholders | 107,841 | 120,191 | 112,636 | ||
SPD Bank [member] | |||||
Disclosure of associates [line items] | |||||
Total assets | 7,005,929 | 6,289,606 | |||
Total liabilities | 6,444,878 | 5,811,226 | |||
Total equity | 561,051 | 478,380 | |||
Total equity attributable to equity shareholders | ¥ 493,945 | ¥ 441,642 | |||
Percentage of ownership of the Group | 18.00% | 18.00% | |||
Total equity attributable to the Group | ¥ 89,774 | ¥ 80,291 | |||
The impact of fair value adjustments at the time of acquisition, goodwill and others | 6,084 | 6,660 | |||
Interest in associates | 95,858 | 86,951 | |||
Revenue | 190,688 | 170,865 | 168,619 | ||
Profit before taxation | 69,817 | 65,284 | 69,828 | ||
Profit attributable to ordinary equity shareholders | 57,186 | 54,189 | 52,533 | ||
Other comprehensive income/(loss) attributable to ordinary equity shareholders | 2,608 | 6,979 | (5,568) | ||
Total comprehensive income attributable to ordinary equity shareholders | 59,794 | 61,168 | 46,965 | ||
Dividends received from associates | 1,867 | 533 | 821 | ||
China Tower Corporation Limited (China Tower) [member] | |||||
Disclosure of associates [line items] | |||||
Total current assets | 40,995 | 31,799 | |||
Total non-current assets | 297,072 | 283,565 | |||
Total current liabilities | 128,364 | 114,759 | |||
Total non-current liabilities | 27,142 | 20,103 | |||
Total equity | 182,561 | 180,502 | |||
Total equity attributable to equity shareholders | ¥ 182,559 | ¥ 180,502 | |||
Percentage of ownership of the Group | 28.00% | 28.00% | |||
Total equity attributable to the Group | ¥ 51,281 | ¥ 50,414 | |||
The impact of fair value adjustments at the time of acquisition, goodwill and others | 0 | ||||
Elimination of unrealized profits resulting from the transfer of Tower Assets and its realization | (2,543) | (3,115) | |||
Interest in associates | 48,738 | 47,299 | |||
Revenue | 76,428 | 71,819 | 68,665 | ||
Profit before taxation | 6,837 | 3,475 | 2,685 | ||
Profit attributable to ordinary equity shareholders | 5,222 | 2,650 | 1,943 | ||
Other comprehensive income/(loss) attributable to ordinary equity shareholders | 0 | ||||
Total comprehensive income attributable to ordinary equity shareholders | 5,222 | 2,650 | 1,943 | ||
Dividends received from associates | 111 | ||||
IFLYTEK Co., Ltd. ("IFLYTEK") [member] | |||||
Disclosure of associates [line items] | |||||
Total current assets | 11,430 | 7,762 | |||
Total non-current assets | 8,671 | 7,540 | |||
Total current liabilities | 6,866 | 5,813 | |||
Total non-current liabilities | 1,500 | 1,278 | |||
Total equity | 11,735 | 8,211 | |||
Total equity attributable to equity shareholders | ¥ 11,418 | ¥ 7,971 | |||
Percentage of ownership of the Group | 13.00% | 13.00% | |||
Total equity attributable to the Group | ¥ 1,465 | ¥ 1,075 | |||
The impact of fair value adjustments at the time of acquisition, goodwill and others | 810 | 812 | |||
Elimination of unrealized profits resulting from the transfer of Tower Assets and its realization | 0 | ||||
Interest in associates | 2,275 | 1,887 | |||
Revenue | 10,079 | 7,917 | 5,458 | ||
Profit before taxation | 995 | 659 | 584 | ||
Profit attributable to ordinary equity shareholders | 819 | 542 | 428 | ||
Other comprehensive income/(loss) attributable to ordinary equity shareholders | 0 | 1 | |||
Total comprehensive income attributable to ordinary equity shareholders | 819 | 543 | 428 | ||
Dividends received from associates | 27 | 18 | 18 | ||
True Corporation Public Company Limited ("True Corporation") [member] | |||||
Disclosure of associates [line items] | |||||
Total current assets | 31,298 | 26,309 | |||
Total non-current assets | 90,680 | 78,251 | |||
Total current liabilities | 35,186 | 43,097 | |||
Total non-current liabilities | 57,457 | 33,215 | |||
Total equity | 29,335 | 28,248 | |||
Total equity attributable to equity shareholders | ¥ 29,184 | ¥ 28,123 | |||
Percentage of ownership of the Group | 18.00% | 18.00% | |||
Total equity attributable to the Group | ¥ 5,253 | ¥ 5,062 | |||
The impact of fair value adjustments at the time of acquisition, goodwill and others | 1,834 | 2,851 | |||
Elimination of unrealized profits resulting from the transfer of Tower Assets and its realization | 0 | ||||
Interest in associates | 7,087 | 7,913 | |||
Revenue | 31,423 | 33,214 | 28,262 | ||
Profit before taxation | 1,727 | 2,662 | 726 | ||
Profit attributable to ordinary equity shareholders | 1,256 | 1,444 | 465 | ||
Other comprehensive income/(loss) attributable to ordinary equity shareholders | (186) | (46) | 32 | ||
Total comprehensive income attributable to ordinary equity shareholders | 1,070 | 1,398 | ¥ 497 | ||
Dividends received from associates | ¥ 117 | ¥ 39 |
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, 2019 - 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, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of associates [line items] | |||
Carrying amount | ¥ 154,004 | ¥ 142,843 | ¥ 144,059 |
SPD Bank [member] | |||
Disclosure of associates [line items] | |||
Carrying amount | 95,858 | 86,951 | |
Fair value | 65,993 | 52,282 | |
China Tower Corporation Limited (China Tower) [member] | |||
Disclosure of associates [line items] | |||
Carrying amount | 48,738 | 47,299 | |
Fair value | 75,729 | 63,738 | |
IFLYTEK Co., Ltd. ("IFLYTEK") [member] | |||
Disclosure of associates [line items] | |||
Carrying amount | 2,275 | 1,887 | |
Fair value | 9,268 | 6,623 | |
True Corporation Public Company Limited ("True Corporation") [member] | |||
Disclosure of associates [line items] | |||
Carrying amount | 7,087 | 7,913 | |
Fair value | ¥ 6,432 | ¥ 6,589 |
Investments Accounted for Usi_8
Investments Accounted for Using the Equity Method - Additional Information (Detail) - CNY (¥) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
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 | ¥ 1,256,000,000 | ¥ 1,134,000,000 |
Remaining commitment to joint venture | 244,000,000 | 366,000,000 |
Contingent liabilities relating to interest in the joint ventures | 0 | |
SPD Bank [member] | ||
Disclosure of associates [line items] | ||
Fair value of investment | ¥ 65,993,000,000 | ¥ 52,282,000,000 |
Percentage of fair value of investment below its carrying amount | 31.20% | 39.90% |
Impairment on investment | ¥ 0 | |
True Corporation Public Company Limited ("True Corporation") [member] | ||
Disclosure of associates [line items] | ||
Fair value of investment | ¥ 6,432,000,000 | ¥ 6,589,000,000 |
Percentage of fair value of investment below its carrying amount | 9.20% | 16.70% |
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, 2019 | Dec. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deferred tax assets | ¥ 32,628 | ¥ 29,654 |
Deferred tax liabilities | (1,388) | (822) |
After 12 months [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deferred tax assets | 3,519 | 2,982 |
Deferred tax liabilities | (857) | (598) |
Within 1 year [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deferred tax assets | 29,109 | 26,672 |
Deferred tax liabilities | ¥ (531) | ¥ (224) |
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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | ¥ 28,832 | ¥ 30,126 | |
(Charged)/ credited to profit or loss | 1,916 | (1,274) | |
(Charged)/ credited to other comprehensive income | (1) | ¥ 2 | |
Exchange differences | (11) | (20) | |
Ending balance | 31,240 | 28,832 | 30,126 |
Increase/(decrease) due to changes in accounting policy required by IFRS 16 [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 504 | ||
Ending balance | 504 | ||
As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 29,336 | ||
Ending balance | 29,336 | ||
Deferred tax asset [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 29,654 | 30,488 | |
(Charged)/ credited to profit or loss | 2,487 | (834) | |
(Charged)/ credited to other comprehensive income | (1) | ||
Ending balance | 32,628 | 29,654 | 30,488 |
Deferred tax asset [member] | Increase/(decrease) due to changes in accounting policy required by IFRS 16 [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 488 | ||
Ending balance | 488 | ||
Deferred tax asset [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 30,142 | ||
Ending balance | 30,142 | ||
Deferred tax asset [member] | Write-down of obsolete inventories [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 75 | 120 | |
(Charged)/ credited to profit or loss | (62) | (45) | |
Ending balance | 13 | 75 | 120 |
Deferred tax asset [member] | Write-down of obsolete inventories [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 75 | ||
Ending balance | 75 | ||
Deferred tax asset [member] | Depreciation, write-off and impairment of property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 5,289 | 7,082 | |
(Charged)/ credited to profit or loss | 833 | (1,793) | |
Ending balance | 6,122 | 5,289 | 7,082 |
Deferred tax asset [member] | Depreciation, write-off and impairment of property, plant and equipment [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 5,289 | ||
Ending balance | 5,289 | ||
Deferred tax asset [member] | Accrued expenses and others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 17,715 | 18,934 | |
(Charged)/ credited to profit or loss | 1,003 | (1,219) | |
Ending balance | 18,718 | 17,715 | 18,934 |
Deferred tax asset [member] | Accrued expenses and others [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 17,715 | ||
Ending balance | 17,715 | ||
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 | 5,784 | 5,943 | |
(Charged)/ credited to profit or loss | (299) | (159) | |
Ending balance | 5,485 | 5,784 | 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 | 5,784 | ||
Ending balance | 5,784 | ||
Deferred tax asset [member] | Credit impairment losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,458 | 1,294 | |
(Charged)/ credited to profit or loss | 179 | 164 | |
Ending balance | 1,637 | 1,458 | 1,294 |
Deferred tax asset [member] | Credit impairment losses [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,458 | ||
Ending balance | 1,458 | ||
Deferred tax asset [member] | Recognition of right-of-use assets and lease liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
(Charged)/ credited to profit or loss | 281 | ||
Ending balance | 769 | ||
Deferred tax asset [member] | Recognition of right-of-use assets and lease liabilities [member] | Increase/(decrease) due to changes in accounting policy required by IFRS 16 [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 488 | ||
Ending balance | 488 | ||
Deferred tax asset [member] | Recognition of right-of-use assets and lease liabilities [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 488 | ||
Ending balance | 488 | ||
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] | |||
Beginning balance | (6) | (6) | |
(Charged)/ credited to other comprehensive income | (1) | ||
Ending balance | (7) | (6) | (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] | |||
Beginning balance | (661) | (2,879) | |
(Charged)/ credited to profit or loss | 552 | 2,218 | |
Ending balance | (109) | (661) | (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 | (661) | ||
Ending balance | (661) | ||
Deferred tax liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (822) | (362) | |
(Charged)/ credited to profit or loss | (571) | (440) | |
Exchange differences | (11) | (20) | |
Ending balance | (1,388) | (822) | (362) |
Deferred tax liabilities [member] | Increase/(decrease) due to changes in accounting policy required by IFRS 16 [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 16 | ||
Ending balance | 16 | ||
Deferred tax liabilities [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (806) | ||
Ending balance | (806) | ||
Deferred tax liabilities [member] | Accrued expenses and others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 138 | ||
(Charged)/ credited to profit or loss | 427 | ||
Exchange differences | 2 | ||
Ending balance | 567 | 138 | |
Deferred tax liabilities [member] | Accrued expenses and others [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 138 | ||
Ending balance | 138 | ||
Deferred tax liabilities [member] | Deferred revenue from Reward Program [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 157 | ||
(Charged)/ credited to profit or loss | 109 | ||
Ending balance | 266 | 157 | |
Deferred tax liabilities [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 | 157 | ||
Ending balance | 157 | ||
Deferred tax liabilities [member] | Recognition of right-of-use assets and lease liabilities [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
(Charged)/ credited to profit or loss | 45 | ||
Ending balance | 61 | ||
Deferred tax liabilities [member] | Recognition of right-of-use assets and lease liabilities [member] | Increase/(decrease) due to changes in accounting policy required by IFRS 16 [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 16 | ||
Ending balance | 16 | ||
Deferred tax liabilities [member] | Recognition of right-of-use assets and lease liabilities [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 16 | ||
Ending balance | 16 | ||
Deferred tax liabilities [member] | Depreciation of property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (1,117) | (362) | |
(Charged)/ credited to profit or loss | (1,152) | (736) | |
Exchange differences | (13) | (19) | |
Ending balance | (2,282) | (1,117) | ¥ (362) |
Deferred tax liabilities [member] | Depreciation of property, plant and equipment [member] | As restated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (1,117) | ||
Ending balance | (1,117) | ||
Deferred tax liabilities [member] | Deferred tax liabilities other [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | ¥ 295 | ||
(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, 2019 | Dec. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||
Deductible temporary difference and tax losses where deferred tax assets were not recognized | ¥ 42,469 | ¥ 29,026 |
Deferred tax assets not recognized | ¥ 8,677 | ¥ 6,476 |
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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of fair value measurement of assets [line items] | |||
Fair value gains recognized in profit or loss | ¥ 5,495 | ¥ 4,442 | ¥ 2,999 |
less:current portion | (114,259) | (76,425) | |
Non-current portion | 513 | 587 | |
Financial assets at fair value through other comprehensive income, category [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Beginning balance | 587 | ||
Fair value gains recognized in other comprehensive income, before tax | (74) | ||
Ending balance | 513 | ||
Non-current portion | 513 | 587 | |
Financial assets at fair value through profit or loss, category [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Beginning balance | 76,926 | ||
Addition | 161,343 | ||
Maturity | (129,505) | ||
Fair value gains recognized in profit or loss | 5,495 | ||
Ending balance | 114,259 | ||
less:current portion | ¥ (114,259) | (76,425) | |
Non-current portion | ¥ 501 |
Fair Value Measurement of Fin_4
Fair Value Measurement of Financial Instruments - Analysis of Fair Value Measurement of Financial Assets (Parenthetical) (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Oct. 31, 2019 | Dec. 31, 2018 | |
Disclosure of fair value measurement of assets [line items] | |||
Wealth management products | ¥ 103,328 | ¥ 76,425 | |
SPD Bank [member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Purchase of convertible bonds | ¥ 9,928 | ||
Purchase consideration | ¥ 9,085 |
Fair Value Measurement of Fin_5
Fair Value Measurement of Financial Instruments - Additional Information (Detail) ¥ in Millions | 12 Months Ended |
Dec. 31, 2019CNY (¥) | |
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, 2019 | Dec. 31, 2018 |
Disclosure of restricted bank deposits [Line Items] | ||
Restricted bank deposits, Non-current assets | ¥ 10,063 | ¥ 12,369 |
Restricted bank deposits, Current assets | 371 | 9 |
Restricted bank deposits, Total | 10,434 | 12,378 |
Statutory deposit reserves [member] | ||
Disclosure of restricted bank deposits [Line Items] | ||
Restricted bank deposits, Non-current assets | 8,586 | 4,486 |
Restricted bank deposits, Total | 8,586 | 4,486 |
Deposited customer reserves [member] | ||
Disclosure of restricted bank deposits [Line Items] | ||
Restricted bank deposits, Non-current assets | 1,435 | 7,882 |
Restricted bank deposits, Total | 1,435 | 7,882 |
Pledged bank deposits [member] | ||
Disclosure of restricted bank deposits [Line Items] | ||
Restricted bank deposits, Non-current assets | 42 | 1 |
Restricted bank deposits, Current assets | 371 | 9 |
Restricted bank deposits, Total | ¥ 413 | ¥ 10 |
Inventories - Summary of Invent
Inventories - Summary of Inventories (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Classes of current inventories [abstract] | ||
Handsets, SIM cards and other terminals | ¥ 5,205 | ¥ 6,939 |
Other consumables | 2,133 | 1,918 |
Inventories | ¥ 7,338 | ¥ 8,857 |
Accounts Receivable - Aging Ana
Accounts Receivable - Aging Analysis of Accounts Receivable, Net of Loss Allowance (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets [line items] | ||
Accounts receivable, net | ¥ 32,694 | ¥ 26,540 |
Within 30 days [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable, net | 14,353 | 11,160 |
31-60 days [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable, net | 3,789 | 3,680 |
61-90 days [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable, net | 3,035 | 2,358 |
90 days - 1 year | ||
Disclosure of financial assets [line items] | ||
Accounts receivable, net | 9,575 | 7,649 |
Over 1 year [member] | ||
Disclosure of financial assets [line items] | ||
Accounts receivable, net | ¥ 1,942 | ¥ 1,693 |
Accounts Receivable - Summary o
Accounts Receivable - Summary of Changes in Loss Allowance of Accounts Receivable (Detail) - Impairment of accounts receivable [member] - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of financial assets [line items] | ||
Beginning balance | $ 7,269 | $ 5,863 |
Credit loss recognized | 5,833 | 4,480 |
Accounts receivable written off | (3,545) | (3,074) |
Ending balance | $ 9,557 | $ 7,269 |
Other Receivables, Prepayment_2
Other Receivables, Prepayments and Other Current Assets - Additional Information (Detail) - CNY (¥) | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial assets [line items] | ||
Other receivables, current | ¥ 34,133,000,000 | ¥ 39,543,000,000 |
China Tower Corporation Limited (China Tower) [member] | ||
Disclosure of financial assets [line items] | ||
Other receivables, current | 7,450,000,000 | 11,000,000,000 |
China Mobile Finance [member] | ||
Disclosure of financial assets [line items] | ||
Other receivables, current | 11,464,000,000 | 13,260,000,000 |
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, 2019 | Dec. 31, 2018 |
Disclosure of transactions between related parties [line items] | ||
Amount due to ultimate holding company | ¥ 21,677 | ¥ 11,020 |
China Mobile Finance [member] | ||
Disclosure of transactions between related parties [line items] | ||
Amount due to ultimate holding company | ¥ 21,637 | ¥ 10,873 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Cash and cash equivalents [abstract] | ||||
Bank deposits with original maturity within three months | ¥ 8,959 | ¥ 3,470 | ||
Cash at banks and on hand | 166,974 | 53,832 | ||
Cash and cash equivalents | ¥ 175,933 | ¥ 57,302 | ¥ 120,636 | ¥ 90,413 |
Accounts Payable - Aging Analys
Accounts Payable - Aging Analysis of Accounts Payable (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of financial liabilities [line items] | ||
Accounts payable | ¥ 164,818 | ¥ 190,847 |
Within 1 month or on demand [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | 139,856 | 164,081 |
After 1 month but within 3 months [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | 6,270 | 8,902 |
After 3 months but within 6 months [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | 4,839 | 7,349 |
After 6 months but within 9 months [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | 4,569 | 3,411 |
After 9 months but within 12 months [member] | ||
Disclosure of financial liabilities [line items] | ||
Accounts payable | ¥ 9,284 | ¥ 7,104 |
Deferred Revenue - Summary of D
Deferred Revenue - Summary of Deferred Revenue (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of deferred income [line items] | ||
Beginning balance, Current portion | ¥ 63,185 | |
Beginning balance, Non-current portion | 4,881 | |
Beginning balance | 68,066 | |
Additions during the year | 256,432 | ¥ 299,383 |
Recognized in the consolidated statements of comprehensive income | (259,812) | (319,102) |
Ending balance | 64,686 | 68,066 |
Less: Ending balance, Current portion | (57,825) | (63,185) |
Ending balance, Non-current portion | ¥ 6,861 | 4,881 |
As restated [member] | ||
Disclosure of deferred income [line items] | ||
Beginning balance, Current portion | 84,897 | |
Beginning balance, Non-current portion | 2,888 | |
Beginning balance | ¥ 87,785 |
Accrued Expenses and Other Pa_3
Accrued Expenses and Other Payables - Summary of Accrued Expenses And Other Payables (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Subclassifications of assets, liabilities and equities [abstract] | ||
Receipts-in-advance | ¥ 69,421 | ¥ 69,629 |
Other payables | 28,962 | 31,990 |
Accrued salaries, wages and other benefits | 7,213 | 6,950 |
Accrued expenses | 76,772 | 87,003 |
Accrued expenses and other payables | ¥ 182,368 | ¥ 195,572 |
Capital, Reserves and Dividen_3
Capital, Reserves and Dividends - Summary of Share Capital (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2019CNY (¥)shares | Dec. 31, 2019HKD ($)shares | Dec. 31, 2018CNY (¥)shares | Dec. 31, 2018HKD ($)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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Ordinary interim dividend declared and paid of HK$1.527 (equivalent to approximately RMB1.343) (2018: HK$1.826 (equivalent to approximately RMB1.540); 2017: HK$1.623 (equivalent to approximately RMB1.409)) per share | ¥ 28,206 | ¥ 32,870 | ¥ 28,211 |
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$1.723 (equivalent to approximately RMB1.543 million) (2018: HK$1.391 (equivalent to approximately RMB1.219); 2017: HK$1.582 (equivalent to approximately RMB1.322)) per share | 31,602 | 24,955 | 27,077 |
Dividends recognised as distributions to owners | 59,808 | 57,825 | 110,909 |
Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.391 (equivalent to approximately RMB1.219) (2018: HK$1.582 (equivalent to approximately RMB1.322); 2017: HK$1.243 (equivalent to approximately RMB1.112)) per share | 25,097 | 27,070 | 22,211 |
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$1.391 (equivalent to approximately RMB1.219) (2018: HK$1.582 (equivalent to approximately RMB1.322); 2017: HK$1.243 (equivalent to approximately RMB1.112)) per share | ¥ 25,059 | ¥ 27,060 | ¥ 22,204 |
Capital, Reserves and Dividen_5
Capital, Reserves and Dividends - Summary of Dividends (Parenthetical) (Detail) | 12 Months Ended | |||||
Dec. 31, 2019$ / shares | Dec. 31, 2019¥ / shares | Dec. 31, 2018$ / shares | Dec. 31, 2018¥ / shares | Dec. 31, 2017$ / shares | Dec. 31, 2017¥ / shares | |
Statement of changes in equity [abstract] | ||||||
Dividend declared and paid, per share | (per share) | $ 1.527 | ¥ 1.343 | $ 1.826 | ¥ 1.540 | $ 1.623 | ¥ 1.409 |
Dividend proposed per share, per share | (per share) | 1.723 | 1.543 | 1.391 | 1.219 | 1.582 | 1.322 |
Special dividend declared and paid per share | (per share) | 3.200 | 2.777 | ||||
Dividend approved and paid of the previous financial year, per share | (per share) | $ 1.391 | ¥ 1.219 | $ 1.582 | ¥ 1.322 | $ 1.243 | ¥ 1.112 |
Capital, Reserves and Dividen_6
Capital, Reserves and Dividends - Additional Information (Detail) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2019CNY (¥)Individual | Dec. 31, 2018 | |
Statement of changes in equity [abstract] | ||
Exchange rate of HK$1 at dividend declaration date | Individual | 0.89578 | |
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) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Interest expenses | ¥ 187 | ¥ 142 | ¥ 21 |
Short-term bank deposits received | 21,637 | 10,873 | 8,611 |
Short-term bank deposits repaid | 10,873 | 8,611 | 5,552 |
China Mobile Communications Corporation [member] | |||
Disclosure of transactions between related parties [line items] | |||
Consideration of assets transferred | 873 | ||
China Mobile Communications Corporation [member] | Telecommunications [member] | |||
Disclosure of transactions between related parties [line items] | |||
Services revenue | 495 | 71 | 47 |
Services charges | 103 | ||
China Mobile Communications Corporation [member] | Property leasing and management [member] | |||
Disclosure of transactions between related parties [line items] | |||
Services revenue | 197 | 226 | 188 |
Services charges | 1,129 | 1,009 | 999 |
China Mobile Communications Corporation [member] | Network assets [member] | |||
Disclosure of transactions between related parties [line items] | |||
Charges for use of network assets | 1,448 | 2,308 | 2,494 |
China Mobile Communications Corporation [member] | Network capacity [member] | |||
Disclosure of transactions between related parties [line items] | |||
Charges for use of network capacity | ¥ 30 | ¥ 402 | ¥ 1,047 |
Related Party Transactions - Am
Related Party Transactions - Amounts due from/to CMCC Group (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of transactions between related parties [line items] | |||
Prepayments and other current assets | ¥ 26,708 | ¥ 27,002 | |
Amounts due from ultimate holding company | 1,350 | 570 | |
Right-of-use assets | 74,308 | ||
Lease liabilities | ¥ 80,207 | ||
Amounts due to ultimate holding company | 21,677 | 11,020 | |
China Mobile Communications Corporation [member] | |||
Disclosure of transactions between related parties [line items] | |||
Accounts receivable | 630 | 282 | |
Other receivables | 277 | 145 | |
Prepayments and other current assets | 2 | 5 | |
Right-of-use assets | 399 | ||
Lease liabilities | 468 | ||
Accounts payable | 6,741 | 5,825 | |
Accrued expenses and other payables | 90 | 80 | |
Ultimate Holding Company [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Amounts due from ultimate holding company | 1,350 | 570 | |
Amounts due to ultimate holding company | ¥ 21,677 | ¥ 11,020 |
Related Party Transactions - _2
Related Party Transactions - Amounts due from/to CMCC Group (Parenthetical) (Detail) ¥ in Millions | Aug. 09, 2019CNY (¥) |
Village connect project [Member] | |
Disclosure of transactions between related parties [line items] | |
Consideration of assets transferred | ¥ 873 |
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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2019 | |
Disclosure of transactions between related parties [line items] | ||||
Right-of-use assets | ¥ 74,308 | |||
Bank deposits | 130,799 | ¥ 291,887 | ||
Prepayments and other current assets | 26,708 | 27,002 | ||
Telecommunications services revenue | 674,392 | 670,907 | ¥ 668,351 | |
Interest and other income | 15,560 | 15,885 | 15,883 | |
Lease liabilities | ¥ 80,207 | |||
Associates and joint ventures [member] | ||||
Disclosure of transactions between related parties [line items] | ||||
Accounts receivable | 225 | 240 | ||
Interest receivable | 831 | 829 | ||
Right-of-use assets | 40,316 | |||
Other receivables | 9,545 | 12,518 | ||
Financial assets at FVPL | 54,490 | 41,128 | ||
Bank deposits | 59,205 | 44,955 | ||
Prepayments and other current assets | 36 | 160 | ||
Telecommunications services revenue | 535 | 604 | 828 | |
Property leasing and management services revenue | 30 | 40 | 99 | |
Interest and other income | 6,130 | 4,083 | 4,807 | |
Dividend income | 2,299 | 691 | 847 | |
Related costs for use of tower assets | 39,843 | 37,837 | ¥ 36,335 | |
Lease liabilities | 43,142 | |||
Accounts payable | 4,708 | 3,252 | ||
Bills payable | 356 | 135 | ||
Accrued expenses and other payables | ¥ 6,511 | ¥ 7,301 |
Financial Risk Management and_3
Financial Risk Management and Fair Values - Summary of Expected Loss Rate Accounts Receivable Due (Detail) | Dec. 31, 2019 |
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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about financial instruments [Line Items] | |||
Short-term bank deposits from ultimate holding company | ¥ 21,637 | ¥ 10,873 | |
Cash and bank balances | 166,974 | 53,832 | |
Interest and other income | 15,560 | 15,885 | ¥ 15,883 |
Wealth management products | ¥ 103,328 | ¥ 76,425 | |
Foreign currency cash and deposits, percentage | 3.50% | 3.30% | |
Interest rate risk [member] | |||
Disclosure of detailed information about financial instruments [Line Items] | |||
Cash and bank balances | ¥ 317,166 | ¥ 361,567 | |
Interest-bearing receivables | 18,914 | 24,260 | |
Interest and other income | ¥ 14,408 | ¥ 15,885 | ¥ 15,883 |
Average interest rate | 3.17% | 3.33% | 3.13% |
Sensitivity analysis, percentage | 1.00% | 1.00% | 1.00% |
Sensitivity analysis, increase/decrease in profit for the year and total equity | ¥ 3,334 | ¥ 3,480 | ¥ 3,182 |
Financial Risk Management and_5
Financial Risk Management and Fair Values - Remaining Contractual Maturities of Financial Liabilities (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Jan. 01, 2019 | Dec. 31, 2018 |
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Accounts payable | ¥ 164,818 | ¥ 190,847 | |
Bills payable | 2,896 | 3,221 | |
Accrued expenses and other payables | 182,368 | 195,572 | |
Amount due to ultimate holding company | 21,677 | 11,020 | |
Lease liabilities | ¥ 80,207 | ||
Carrying amount [member] | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Accounts payable | 164,818 | 190,847 | |
Bills payable | 2,896 | 3,221 | |
Accrued expenses and other payables | 182,368 | 195,572 | |
Amount due to ultimate holding company | 21,677 | 11,020 | |
Lease liabilities | 74,303 | ||
Financial liabilities | 446,062 | 400,660 | |
Total contractual undiscounted cash flow [member] | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Accounts payable | 164,818 | 190,847 | |
Bills payable | 2,896 | 3,221 | |
Accrued expenses and other payables | 182,368 | 195,572 | |
Amount due to ultimate holding company | 21,677 | 11,020 | |
Lease liabilities | 80,973 | ||
Financial liabilities | 452,732 | 400,660 | |
Within 1 year or on demand [member] | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Accounts payable | 164,818 | 190,847 | |
Bills payable | 2,896 | 3,221 | |
Accrued expenses and other payables | 182,368 | 195,572 | |
Amount due to ultimate holding company | 21,677 | 11,020 | |
Lease liabilities | 23,814 | ||
Financial liabilities | 395,573 | ¥ 400,660 | |
More than 1 year but less than 3 years [member] | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 39,791 | ||
Financial liabilities | 39,791 | ||
More than 3 years but less than 5 years [member] | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 9,662 | ||
Financial liabilities | 9,662 | ||
More than 5 years [member] | |||
Disclosure of maturity analysis for non-derivative financial liabilities [line items] | |||
Lease liabilities | 7,706 | ||
Financial liabilities | ¥ 7,706 |
Commitments - Summary of Capita
Commitments - Summary of Capital Commitments (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of capital commitments [Line Items] | ||
Contractual capital commitments | ¥ 41,893 | ¥ 53,501 |
Land and buildings [member] | ||
Disclosure of capital commitments [Line Items] | ||
Contractual capital commitments | 7,430 | 9,327 |
Telecommunications equipment and others [member] | ||
Disclosure of capital commitments [Line Items] | ||
Contractual capital commitments | ¥ 34,463 | ¥ 44,174 |
Commitments - Future Minimum Le
Commitments - Future Minimum Lease Payments Under Non-cancellable Operating Leases (Detail) ¥ in Millions | Dec. 31, 2018CNY (¥) |
Disclosure of finance lease and operating lease by lessee [Line Items] | |
Future minimum lease payments under non-cancellable operating leases | ¥ 220,301 |
Within 1 year [member] | |
Disclosure of finance lease and operating lease by lessee [Line Items] | |
Future minimum lease payments under non-cancellable operating leases | 56,336 |
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 |
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 |
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 |
Land and buildings [member] | Within 1 year [member] | |
Disclosure of finance lease and operating lease by lessee [Line Items] | |
Future minimum lease payments under non-cancellable operating leases | 10,067 |
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 |
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 |
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 |
Leased lines and network assets [member] | Within 1 year [member] | |
Disclosure of finance lease and operating lease by lessee [Line Items] | |
Future minimum lease payments under non-cancellable operating leases | 44,867 |
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 |
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 |
Others [member] | |
Disclosure of finance lease and operating lease by lessee [Line Items] | |
Future minimum lease payments under non-cancellable operating leases | 2,807 |
Others [member] | Within 1 year [member] | |
Disclosure of finance lease and operating lease by lessee [Line Items] | |
Future minimum lease payments under non-cancellable operating leases | 1,402 |
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 |
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 |
Condensed Financial Informati_3
Condensed Financial Information of the Company - Condensed Statements of Comprehensive Income (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of analysis of other comprehensive income by item [Line Items] | |||
Operating expenses | ¥ (632,768) | ¥ (615,432) | ¥ (620,388) |
Interest and other income | 15,560 | 15,885 | 15,883 |
Other gains/(losses) | 4,029 | 2,906 | 2,389 |
Finance costs | (3,246) | (144) | (210) |
Profit before taxation | 142,133 | 153,895 | 148,137 |
Taxation | (35,342) | (35,944) | (33,723) |
PROFIT FOR THE YEAR | 106,791 | 117,951 | 114,414 |
Other comprehensive income for the year | 1,050 | 2,240 | (1,778) |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 107,841 | 120,191 | 112,636 |
Parent [member] | |||
Disclosure of analysis of other comprehensive income by item [Line Items] | |||
Dividend income | 53,475 | 60,044 | 111,490 |
Operating expenses | (70) | (67) | (77) |
Interest and other income | 38 | 41 | 23 |
Other gains/(losses) | 77 | 250 | (87) |
Finance costs | 0 | (2) | |
Profit before taxation | 53,520 | 60,268 | 111,347 |
Taxation | (9) | (14) | |
PROFIT FOR THE YEAR | 53,511 | 60,268 | 111,333 |
Other comprehensive income for the year | 0 | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | ¥ 53,511 | ¥ 60,268 | ¥ 111,333 |
Condensed Financial Informati_4
Condensed Financial Information of the Company - Condensed Balance Sheets (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2016 |
Disclosure of information about amounts recognised in balance sheet [Line Items] | |||
Non-current assets | ¥ 1,099,374 | ¥ 1,000,794 | |
Current assets | 529,866 | 535,116 | |
Current liabilities | 462,067 | 474,398 | |
Non-current liabilities | 59,884 | 5,703 | |
Total equity | 1,107,289 | 1,055,809 | ¥ 982,138 |
Parent [member] | |||
Disclosure of information about amounts recognised in balance sheet [Line Items] | |||
Non-current assets | 492,759 | 491,748 | |
Current assets | 2,262 | 2,614 | |
Current liabilities | 5,121 | 4,708 | |
Non-current liabilities | 0 | ||
NET ASSETS | 489,900 | 489,654 | |
Total equity | ¥ 489,900 | ¥ 489,654 |
Condensed Financial Informati_5
Condensed Financial Information of the Company - Condensed Statements of Cash Flows (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of cash flow statement [Line Items] | |||
Net cash (used)/generated from operating activities | ¥ 247,591 | ¥ 206,151 | ¥ 245,514 |
Net cash generated from investing activities | (64,206) | (212,231) | (106,533) |
Net cash used in financing activities | (64,901) | (57,820) | (108,231) |
Net increase/(decrease) in cash and cash equivalents | 118,484 | (63,900) | 30,750 |
Cash and cash equivalents at beginning of year | 57,302 | 120,636 | 90,413 |
Effect of changes in foreign exchange rate | 147 | 566 | (527) |
Cash and cash equivalents at end of year | 175,933 | 57,302 | 120,636 |
Parent [member] | |||
Disclosure of cash flow statement [Line Items] | |||
Net cash (used)/generated from operating activities | (156) | 2 | (72) |
Net cash generated from investing activities | 14,778 | 15,792 | 28,840 |
Net cash used in financing activities | (14,532) | (16,331) | (28,913) |
Net increase/(decrease) in cash and cash equivalents | 90 | (537) | (145) |
Cash and cash equivalents at beginning of year | 245 | 554 | 796 |
Effect of changes in foreign exchange rate | (25) | 228 | (97) |
Cash and cash equivalents at end of year | ¥ 310 | ¥ 245 | ¥ 554 |
Post Balance Sheet Event - Addi
Post Balance Sheet Event - Additional Information (Detail) - CNY (¥) ¥ in Billions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Non adjusting Events After Reporting Period [Member] | ||
Statement [line items] | ||
Estimated value of decrease in depreciation due to change in useful life | ¥ 18.3 | |
FourG Wireless Assets [Member] | ||
Statement [line items] | ||
Useful life of property palnt and equipment | 5 years | |
FourG Wireless Assets [Member] | Non adjusting Events After Reporting Period [Member] | ||
Statement [line items] | ||
Useful life of property palnt and equipment | 7 years |