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/ China Communications Services Corporation Limited
Financial Summary
(Amounts in thousands, except per share data)
At 31 December
2011
2010
2009
2008
2007
RMB
RMB
RMB
RMB
RMB
(Note 2)
(Note 2)
(Note 1&2)
(Note 1&2)
Financial condition
Property, plant and equipment, net
3,929,111
3,884,946 3,768,044 3,487,340 3,225,428
Other non-current assets
3,090,305
2,971,585 2,526,516 2,584,032 2,355,732
Inventories
1,692,638
1,833,186 1,659,626 1,182,471 1,042,854
Accounts and bills receivables, net
17,257,870
12,887,557 10,467,689 9,330,772 6,826,220
Prepayments and other current assets
4,608,480
3,967,876 3,140,398 2,975,964 2,253,543
Cash and cash equivalents
7,298,232
8,470,249 8,870,424 8,538,142 6,769,323
Restricted deposits
320,039
269,099
160,525
178,312
251,129
Total assets
38,196,675
34,284,498 30,593,222 28,277,033 22,724,229
Interest-bearing borrowings
998,335
1,780,523 1,268,280 1,993,426 2,593,256
Accounts and bills payable
12,728,882
9,768,792 8,844,718 7,746,786 4,837,946
Receipts in advance for contract work
1,150,095
1,083,587 1,088,327
808,197
520,725
Accrued expenses and other payables
6,807,175
6,564,306 5,553,079 4,826,825 4,318,266
Income tax payable
303,720
284,941
194,701
186,525
200,213
Non-current liabilities
83,641
53,101
57,281
52,965
12,601
Total liabilities
22,071,848
19,535,250 17,006,386 15,614,724 12,483,007
Equity attributable to shareholders of
the Company
16,003,567
14,616,614 13,478,458 12,505,843 10,165,048
Non-controlling interests
121,260
132,634
108,378
156,466
76,174
Total equity
16,124,827
14,749,248 13,586,836 12,662,309 10,241,222
Total liabilities and equity
38,196,675
34,284,498 30,593,222 28,277,033 22,724,229
Note 1:On 26 May 2009, the Group acquired the Target Interests from CTC. Since the Group and the Target Interests are
under common control of CTC, the Target Interests have been accounted for as a combination of entities under
common control in manner silmilar to pooling-of-interests. Accordingly, the assets and liabilities of the Target
Interests have been accounted for at historical costs and the consolidated financial statements of the Company prior
to the acquisition of the Target Interests have been restated to include the results of operations and assets and
liabilities of the Target Interests on a combined basis. Our financial summary of 2007 and 2008 have been restated
to include the results and financial condition of the Traget Interests in the relevant period.
Note 2:As a result of the amendment to IFRS 1, the Group has retrospectively adjusted the amounts reported for previous
periods in the respective IFRS financial statements to be consistent with the retrospective recognition of property,
plant and equipment, investment properties, lease prepayment, other intangible assets and other investments
assumed during the Restructuring and acquired during the acquisition of Target Business at their deemed cost in
the respective first IFRS financial statements based on the results of valuations, with consequential adjustments for
depreciation and amortisation charged in subsequent periods.