Condensed Financial Information of the Company

12 Months Ended

Dec. 31, 2020

Text block [abstract]

Condensed Financial Information of the Company

43 CONDENSED FINANCIAL INFORMATION OF THE COMPANY

(a) Condensed statements of comprehensive income

	2020			2019			2018
	Million			Million			Million
Dividend income		61,401			53,475			60,044
Operating expenses		(70	)		(70	)		(67	)
Interest and other income		17			38			41
Other gains		—			77			250
Profit before taxation		61,348			53,520			60,268
Taxation		(4	)		(9	)		—
PROFIT FOR THE YEAR		61,344			53,511			60,268
Other comprehensive income for the year		—			—			—
TOTAL COMPREHENSIVE INCOME FOR THE YEAR		61,344			53,511			60,268

(b) Condensed balance sheets

	As of		As of
	December 31, 2020		December 31, 2019
	Million		Million
Non-current assets		494,236		492,759
Current assets		2,183		2,262
Current liabilities		4,669		5,121
Non-current liabilities		—		—
NET ASSETS		491,750		489,900
TOTAL EQUITY		491,750		489,900

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

	2020			2019			2018
	Million			Million			Million
Net cash (used)/generated from operating activities		(96	)		(156	)		2
Net cash generated from investing activities		16,414			14,778			15,792
Net cash used in financing activities		(16,288	)		(14,532	)		(16,331	)
Net increase/(decrease) in cash and cash equivalents		30			90			(537	)
Cash and cash equivalents at beginning of year		310			245			554
Effect of changes in foreign exchange rate		(46	)		(25	)		228
Cash and cash equivalents at end of year		294			310			245