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Capital, Reserves and Dividends (Tables)
12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Summary of Share Capital

Ordinary shares, issued and fully paid:

 

                   Equivalent  
     Number      HK$      RMB  
     of shares      Million      Million  

As of January 1 and December 31, 2017 and 2018

     20,475,482,897        382,263        402,130  
  

 

 

    

 

 

    

 

 

 
Summary of Dividends
(b)

Dividends

 

  (i)

Dividends attributable to the year:

 

     2018
Million
     2017
Million
     2016
Million
 

Ordinary interim dividend declared and paid of HK$1.826 (equivalent to approximately RMB1.540) (2017: HK$1.623 (equivalent to approximately RMB1.409); 2016: HK$1.489 (equivalent to approximately RMB1.273)) per share

     32,870        28,211        26,227  

Special dividend declared and paid of HK$3.200 (equivalent to approximately RMB2.777) per share in 2017

     —          55,621        —    

Ordinary final dividend proposed after the balance sheet date of HK$1.391 (equivalent to approximately RMB1.219) (2017: HK$1.582 (equivalent to approximately RMB1.322); 2016: HK$1.243 (equivalent to approximately RMB1.112)) per share

     24,955        27,077        22,766  
  

 

 

    

 

 

    

 

 

 
     57,825        110,909        48,993  
  

 

 

    

 

 

    

 

 

 

 

The proposed ordinary final dividend, which is declared in Hong Kong dollar is translated into RMB with reference to the rate HK$1 = RMB0.8762, being the rate announced by the State Administration of Foreign Exchange in the PRC on December 28, 2018. As the ordinary final dividend was declared after the balance sheet date, such dividend is not recognized as liability as of December 31, 2018.

In accordance with the 2009 Notice and the PRC enterprise income tax law, the Company is required to withhold enterprise income tax equal to 10% of any dividend, when it is distributed to non-resident enterprise shareholders whose names appeared on the Company’s register of members, as of the record date for such dividend, and who were not individuals.

 

  (ii)

Dividends attributable to the previous financial year, approved and paid during the year:

 

     2018      2017      2016  
     Million      Million      Million  

Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.582 (equivalent to approximately RMB1.322) (2017: HK$1.243 (equivalent to approximately RMB1.112); 2016: HK$1.196 (equivalent to approximately RMB1.002)) per share

     27,060        22,204        20,764