Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document and entity information [abstract] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2018 |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | FY |
Trading Symbol | CHU |
Entity Registrant Name | CHINA UNICOM (HONG KONG) LTD |
Entity Central Index Key | 0001113866 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Entity Filer Category | Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 30,598,124,345 |
Consolidated Statements of Inco
Consolidated Statements of Income ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥)¥ / shares | Dec. 31, 2018USD ($)$ / shares | Dec. 31, 2017CNY (¥)¥ / shares | Dec. 31, 2016CNY (¥)¥ / shares | |
Profit or loss [abstract] | ||||
Revenue | ¥ 290,877 | $ 42,306 | ¥ 274,829 | ¥ 274,197 |
Interconnection charges | (12,579) | (1,830) | (12,617) | (12,739) |
Depreciation and amortization | (75,777) | (11,021) | (77,492) | (76,805) |
Network, operation and support expenses | (55,077) | (8,011) | (54,507) | (51,167) |
Employee benefit expenses | (48,143) | (7,002) | (42,471) | (36,907) |
Costs of telecommunications products sold | (27,604) | (4,015) | (26,643) | (39,301) |
Other operating expenses | (62,561) | (9,099) | (57,166) | (54,585) |
Finance costs | (1,625) | (236) | (5,734) | (5,017) |
Interest income | 1,712 | 249 | 1,647 | 1,160 |
Share of net profit of associates | 2,477 | 360 | 893 | 204 |
Share of net profit of joint ventures | 598 | 87 | 574 | 153 |
Other income - net | 783 | 115 | 1,280 | 1,591 |
Income before taxation | 13,081 | 1,903 | 2,593 | 784 |
Income tax expenses | (2,824) | (411) | (743) | (154) |
Net income for the year | 10,257 | 1,492 | 1,850 | 630 |
Attributable to: | ||||
Equity shareholders of the Company | 10,197 | 1,483 | 1,828 | 625 |
Non-controlling interests | ¥ 60 | $ 9 | ¥ 22 | ¥ 5 |
Earnings per share for income attributable to equity shareholders of the Company during the year: | ||||
Basic earnings per share | (per share) | ¥ 0.33 | $ 0.05 | ¥ 0.07 | ¥ 0.03 |
Diluted earnings per share | (per share) | ¥ 0.33 | $ 0.05 | ¥ 0.07 | ¥ 0.03 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Statement of comprehensive income [abstract] | ||||
Net income for the year | ¥ 10,257 | $ 1,492 | ¥ 1,850 | ¥ 630 |
Items that will not be reclassified to statements of income: | ||||
Changes in fair value of financial assets through other comprehensive income (non-recycling) | (383) | (55) | (56) | (544) |
Tax effect on changes in fair value of financial assets through other comprehensive income | 2 | (2) | 14 | |
Changes in fair value of financial assets through other comprehensive income, net of tax (non-recycling) | (381) | (55) | (58) | (530) |
Remeasurement of net defined benefit liability, net of tax | (4) | (1) | 6 | 14 |
Items that will not be reclassified to statements of income | (385) | (56) | (52) | (516) |
Item that may be reclassified subsequently to statements of income: | ||||
Currency translation differences | 140 | 20 | (178) | 153 |
Other comprehensive income for the year, net of tax | (245) | (36) | (230) | (363) |
Total comprehensive income for the year | 10,012 | 1,456 | 1,620 | 267 |
Total comprehensive income attributable to: | ||||
Equity shareholders of the Company | 9,952 | 1,447 | 1,598 | 262 |
Non-controlling interests | ¥ 60 | $ 9 | ¥ 22 | ¥ 5 |
Consolidated Statements of Fina
Consolidated Statements of Financial Position ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Non-current assets | |||
Property, plant and equipment | ¥ 384,475 | $ 55,920 | ¥ 416,596 |
Lease prepayments | 9,290 | 1,351 | 9,313 |
Goodwill | 2,771 | 403 | 2,771 |
Interest in associates | 35,758 | 5,201 | 33,233 |
Interest in joint ventures | 3,966 | 577 | 2,368 |
Deferred income tax assets | 3,401 | 494 | 5,973 |
Contract assets | 570 | 83 | |
Contract costs | 5,632 | 819 | |
Financial assets at fair value through other comprehensive income | 3,903 | 568 | 4,286 |
Other assets | 14,645 | 2,130 | 20,721 |
Non-current assets | 464,411 | 67,546 | 495,261 |
Current assets | |||
Inventories and consumables | 2,388 | 347 | 2,239 |
Contract assets | 1,254 | 183 | |
Accounts receivable | 14,433 | 2,099 | 13,964 |
Prepayments and other current assets | 11,106 | 1,615 | 13,801 |
Financial assets at fair value through profit and loss | 770 | 112 | 160 |
Short-term bank deposits and restricted deposits | 3,720 | 541 | 5,526 |
Cash and cash equivalents | 30,060 | 4,372 | 32,836 |
Current assets | 75,909 | 11,040 | 76,722 |
Total assets | 540,320 | 78,586 | 571,983 |
EQUITY | |||
Share capital | 254,056 | 36,951 | 254,056 |
Reserves | (20,154) | (2,931) | (20,912) |
Retained profits | |||
Proposed final dividend | 4,100 | 596 | 1,591 |
Others | 75,920 | 11,042 | 69,315 |
Equity attributable to equity shareholders of the Company | 313,922 | 45,658 | 304,050 |
Non-controlling interests | 364 | 53 | 297 |
Total equity | 314,286 | 45,711 | 304,347 |
Non-current liabilities | |||
Long-term bank loans | 3,173 | 462 | 3,473 |
Corporate bonds | 999 | 145 | 17,981 |
Deferred income tax liabilities | 111 | 16 | 108 |
Deferred revenue | 3,609 | 525 | 3,020 |
Amounts due to related parties | 3,042 | 442 | |
Other obligations | 190 | 28 | 432 |
Non-current liabilities | 11,124 | 1,618 | 25,014 |
Current liabilities | |||
Short-term bank loans | 15,085 | 2,194 | 22,500 |
Commercial papers | 8,991 | ||
Current portion of long-term bank loans | 441 | 64 | 410 |
Current portion of promissory notes | 17,960 | ||
Accounts payable and accrued liabilities | 122,458 | 17,811 | 125,260 |
Taxes payable | 911 | 132 | 1,121 |
Dividend payable | 920 | 134 | 920 |
Current portion of corporate bonds | 16,994 | 2,472 | |
Current portion of deferred revenue | 78 | 11 | 350 |
Current portion of other obligations | 2,844 | 414 | 2,987 |
Contract liabilities | 42,650 | 6,203 | |
Advances from customers | 328 | 48 | 49,283 |
Current liabilities | 214,910 | 31,257 | 242,622 |
Total liabilities | 226,034 | 32,875 | 267,636 |
Total equity and liabilities | 540,320 | 78,586 | 571,983 |
Net current liabilities | (139,001) | (20,217) | (165,900) |
Total assets less current liabilities | 325,410 | 47,329 | 329,361 |
Ultimate holding company [member] | |||
Current assets | |||
Accounts receivable | 7,431 | 1,081 | 239 |
Current liabilities | |||
Accounts payable and accrued liabilities | 1,214 | 176 | 2,176 |
Related parties [member] | |||
Current assets | |||
Accounts receivable | 935 | 136 | 3,274 |
Current liabilities | |||
Accounts payable and accrued liabilities | 8,843 | 1,286 | 8,126 |
Domestic carriers [member] | |||
Current assets | |||
Accounts receivable | 3,812 | 554 | 4,683 |
Current liabilities | |||
Accounts payable and accrued liabilities | ¥ 2,144 | $ 312 | ¥ 2,538 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity ¥ in Millions, $ in Millions | CNY (¥) | USD ($) | Share capital [member]CNY (¥) | Share capital [member]USD ($) | General risk reserve [member]CNY (¥) | General risk reserve [member]USD ($) | Investment revaluation reserve [member]CNY (¥) | Investment revaluation reserve [member]USD ($) | Statutory reserve [member]CNY (¥) | Statutory reserve [member]USD ($) | Other reserves [member]CNY (¥) | Other reserves [member]USD ($) | Retained earnings [member]CNY (¥) | Retained earnings [member]USD ($) | Equity attributable to owners of parent [member]CNY (¥) | Equity attributable to owners of parent [member]USD ($) | Non-controlling interests [member]CNY (¥) | Non-controlling interests [member]USD ($) |
Balance at Dec. 31, 2015 | ¥ 231,216 | ¥ 179,102 | ¥ (6,406) | ¥ 28,780 | ¥ (43,108) | ¥ 72,848 | ¥ 231,216 | |||||||||||
Total comprehensive income for the year | 267 | (530) | 167 | 625 | 262 | ¥ 5 | ||||||||||||
Capital contribution from non-controlling interests | 270 | 270 | ||||||||||||||||
Appropriation to statutory reserves | 47 | (47) | ||||||||||||||||
Appropriation to other reserve | ¥ 33 | (33) | ||||||||||||||||
Dividends relating to 2015 and 2017(Note 32) | (4,071) | (4,071) | (4,071) | |||||||||||||||
Balance at Dec. 31, 2016 | 227,682 | 179,102 | 33 | (6,936) | 28,827 | (42,941) | 69,322 | 227,407 | 275 | |||||||||
Total comprehensive income for the year | 1,620 | (58) | (172) | 1,828 | 1,598 | 22 | ||||||||||||
Issue of share capital | 74,954 | 74,954 | 74,954 | |||||||||||||||
Share of associate's other reserve | 91 | 91 | 91 | |||||||||||||||
Appropriation to statutory reserves | 50 | (50) | ||||||||||||||||
Appropriation to other reserve | 194 | (194) | ||||||||||||||||
Balance (Previously stated [member]) at Dec. 31, 2017 | 304,347 | 254,056 | 227 | (6,994) | 28,877 | (43,022) | 70,906 | 304,050 | 297 | |||||||||
Balance (Impact on initial application of IFRS 15 [member]) at Dec. 31, 2017 | 1,750 | 175 | 1,575 | 1,750 | ||||||||||||||
Balance (Impact on initial application of IFRS 9 (2014) [member]) at Dec. 31, 2017 | (853) | (85) | (768) | (853) | ||||||||||||||
Balance (Balance After IFRS Adjustments [member]) at Dec. 31, 2017 | 305,244 | 254,056 | 227 | (6,994) | 28,967 | (43,022) | 71,713 | 304,947 | 297 | |||||||||
Balance at Dec. 31, 2017 | 304,347 | |||||||||||||||||
Total comprehensive income for the year | Impact on initial application of IFRS 15 [member] | (365) | |||||||||||||||||
Total comprehensive income for the year | 10,012 | $ 1,456 | (381) | 136 | 10,197 | 9,952 | 60 | |||||||||||
Capital contribution from non-controlling interests | 7 | 7 | ||||||||||||||||
Appropriation to statutory reserves | 52 | (52) | ||||||||||||||||
Appropriation to other reserve | 247 | (247) | ||||||||||||||||
Dividends relating to 2015 and 2017(Note 32) | (1,591) | (1,591) | (1,591) | |||||||||||||||
Capital contribution relating to share-based payment borne by China United Network Communications Limited ("A Share Company") (Note 43) | 614 | 614 | 614 | |||||||||||||||
Balance (Impact on initial application of IFRS 15 [member]) at Dec. 31, 2018 | 1,385 | |||||||||||||||||
Balance at Dec. 31, 2018 | ¥ 314,286 | $ 45,711 | ¥ 254,056 | $ 36,951 | ¥ 474 | $ 69 | ¥ (7,375) | $ (1,073) | ¥ 29,019 | $ 4,221 | ¥ (42,272) | $ (6,148) | ¥ 80,020 | $ 11,638 | ¥ 313,922 | $ 45,658 | ¥ 364 | $ 53 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Cash flows from operating activities | ||||
Cash generated from operations | ¥ 93,882 | $ 13,655 | ¥ 91,519 | ¥ 81,168 |
Interest received | 1,688 | 245 | 807 | 335 |
Interest paid | (2,457) | (357) | (6,293) | (4,938) |
Income tax paid | (726) | (106) | (979) | (1,972) |
Net cash inflow from operating activities | 92,387 | 13,437 | 85,054 | 74,593 |
Cash flows from investing activities | ||||
Purchase of property, plant and equipment | (52,176) | (7,589) | (61,489) | (98,293) |
Proceeds from disposal of Tower Assets and other property, plant and equipment | 1,090 | 159 | 22,121 | 6,390 |
Dividend received from financial assets at fair value through other comprehensive income | 203 | 30 | 167 | 357 |
Investment income received from financial assets at fair value through profit and loss | 36 | 5 | ||
Proceeds from disposal of financial assets at fair value through profit and loss | 60 | 68 | ||
Dividends received from associates | 20 | 3 | 10 | |
Decrease /(Increase) in short-term bank deposits and restricted deposits | 3,094 | 450 | (3,094) | 2 |
Purchase of other assets | (4,590) | (668) | (4,204) | (4,092) |
Acquisition of financial assets at fair value through profit and loss | (585) | (85) | (74) | (51) |
Acquisition of financial assets at fair value through other comprehensive income | (8) | (18) | ||
Acquisition of interest in associates | (67) | (10) | (5) | (48) |
Acquisition of interest in joint ventures | (1,000) | (145) | (620) | (64) |
Net cash outflow from investing activities | (61,179) | (8,898) | (47,336) | (95,749) |
Cash flows from financing activities | ||||
Proceeds from share issued | 74,954 | |||
Capital contributions from non-controlling interests | 7 | 1 | 270 | |
Proceeds from commercial papers | 26,941 | 59,880 | ||
Proceeds from short-term bank loans | 53,306 | 7,753 | 117,571 | 142,567 |
Proceeds from long-term bank loans | 1,549 | 3,307 | ||
Loans from ultimate holding company | 5,237 | |||
Loans from related parties | 3,090 | 449 | 535 | |
Proceeds from corporate bonds | 17,965 | |||
Repayment of commercial papers | (9,000) | (1,309) | (54,000) | (44,000) |
Repayment of short-term bank loans | (60,730) | (8,833) | (172,065) | (149,425) |
Repayment of long-term bank loans | (435) | (63) | (2,686) | (84) |
Repayment of related party loan | (475) | (69) | (60) | |
Repayment of ultimate holding company loan | (1,344) | (195) | (3,893) | (1,344) |
Repayment of finance lease | (493) | (72) | (695) | (406) |
Repayment of promissory notes | (18,000) | (2,618) | (19,000) | (2,500) |
Repayment of corporate bonds | (2,000) | |||
Payment of issuing expense for promissory notes | (67) | (10) | (82) | (102) |
Dividends paid to equity shareholders of the Company | (1,591) | (231) | (4,071) | |
Net deposits/(withdrawal) with/from Finance Company | 2,354 | 342 | (100) | 2,397 |
Increase in statutory reserve deposits placed by Finance Company | (680) | (99) | (620) | (1,577) |
Net cash inflow/(outflow) from financing activities | (34,058) | (4,954) | (28,414) | 22,877 |
Net increase/(decrease) in cash and cash equivalents | (2,850) | (415) | 9,304 | 1,721 |
Cash and cash equivalents at beginning of year | 32,836 | 4,776 | 23,633 | 21,755 |
Effect of changes in foreign exchange rate | 74 | 11 | (101) | 157 |
Cash and cash equivalents at end of year | 30,060 | 4,372 | 32,836 | 23,633 |
Analysis of the balances of cash and cash equivalents: | ||||
Cash balances | 1 | 3 | 1 | |
Bank balances | 30,059 | 4,372 | 32,833 | 23,632 |
Cash and cash equivalents at end of year | 30,060 | 4,372 | 32,836 | 23,633 |
Income before taxation | 13,081 | 1,903 | 2,593 | 784 |
Adjustments for: | ||||
Depreciation and amortization | 75,777 | 11,021 | 77,492 | 76,805 |
Interest income | (1,712) | (249) | (1,647) | (1,160) |
Finance costs | 1,676 | 244 | 5,363 | 4,832 |
Loss on disposal of property, plant and equipment | 4,148 | 603 | 3,489 | 355 |
Credit loss allowance and write-down of inventories | 3,846 | 560 | 3,955 | 4,173 |
Dividend from financial assets at fair value through other comprehensive income | (203) | (30) | (206) | (357) |
Investment income from financial assets at fair value through profit and loss | (36) | (5) | ||
Share of net profit of associates | (2,477) | (360) | (893) | (204) |
Share of net profit of joint ventures | (598) | (87) | (574) | (153) |
Expenses for restricted shares of A Share Company granted to the Group's employees | 614 | 89 | ||
Other investment gain | (31) | (5) | (19) | (9) |
Changes in working capital: | ||||
Increase in accounts receivable | (4,887) | (711) | (3,667) | (2,664) |
Decrease in contract assets | 1,150 | 167 | ||
Increase in contract costs | (3,001) | (436) | ||
Decrease/(Increase) in inventories and consumables | (385) | (56) | 81 | 1,354 |
Decrease / (Increase) in short-term bank deposits and restricted deposits | (581) | (85) | (58) | 23 |
(Increase) / Decrease in other assets | 1,584 | 230 | (2,034) | (4,763) |
Decrease in prepayments and other current assets | 60 | 9 | 166 | 4,171 |
Increase in amounts due from ultimate holding company | (20) | (3) | (39) | |
(Increase) / Decrease in amounts due from related parties | 2,339 | 340 | 112 | (3,302) |
(Increase) / Decrease in amounts due from domestic carriers | 871 | 127 | (775) | (1,914) |
(Decrease) / Increase in accounts payable and accrued liabilities | 6,591 | 959 | 5,752 | (835) |
(Decrease) / Increase in taxes payable | 33 | 5 | 362 | (1,176) |
(Decrease) / Increase in advances from customers | 45 | 7 | 2,255 | (1,329) |
Decrease in contract liabilities | (4,322) | (629) | ||
Increase in deferred revenue | 1,474 | 214 | 365 | 395 |
Increase in other obligations | 68 | 10 | 45 | 69 |
Increase /(Decrease) in amounts due to ultimate holding company | 40 | 6 | (203) | 73 |
Increase/(Decrease) in amounts due to related parties | (868) | (126) | (945) | 5,311 |
Increase/(Decrease) in amounts due to domestic carriers | (394) | (57) | 549 | 689 |
Cash generated from operations | 93,882 | 13,655 | 91,519 | ¥ 81,168 |
China United Network Communications Group Company Limited and its subsidiaries [member] | ||||
Cash flows from investing activities | ||||
Lending by Unicom Group Finance Company Limited ("Finance Company") | (13,558) | (1,972) | (700) | |
Repayment of loan lent by Finance Company | 6,354 | $ 924 | 500 | |
Cash flows from financing activities | ||||
Net deposits/(withdrawal) with/from Finance Company | ¥ 2,354 | ¥ (112) |
Organization and Principal Acti
Organization and Principal Activities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Organization and Principal Activities | 1. ORGANIZATION AND PRINCIPAL ACTIVITIES China Unicom (Hong Kong) Limited (the “Company”) was incorporated as a limited liability company in the Hong Kong Special Administrative Region (“Hong Kong”), the People’s Republic of China (the “PRC”) on February 8, 2000. The principal activity of the Company is investment holding. The principal activities of the Company’s subsidiaries are the provision of voice usage, broadband and mobile data services, data and internet application services, other value-added services, transmission lines usage and associated services and sales of telecommunications products in the PRC. The Company and its subsidiaries are hereinafter referred to as the “Group”. The address of the Company’s registered office is 75th Floor, The Center, 99 Queen’s Road Central, Hong Kong. The shares of the Company were listed on The Stock Exchange of Hong Kong Limited (“SEHK”) on June 22, 2000 and the American Depositary Shares (“ADS”) of the Company were listed on the New York Stock Exchange on June 21, 2000. The substantial shareholders of the Company are China Unicom (BVI) Limited (“Unicom BVI”) and China Unicom Group Corporation (BVI) Limited (“Unicom Group BVI”). The majority of equity interests in Unicom BVI is owned by A Share Company, a joint stock company incorporated in the PRC on December 31, 2001, with its A shares listed on the Shanghai Stock Exchange on October 9, 2002. Under a mixed ownership reform, A Share Company completed a non-public non-public non-public On November 28, 2017, the Company issued 6,651,043,262 new shares to Unicom BVI for a cash consideration of RMB74,954 million. As a result, the shareholding of Unicom BVI in the Company increased from 40.61% to 53.52%. The directors of the Company consider Unicom Group as the ultimate holding company. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Significant Accounting Policies | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. 2.1 Statement of Compliance The 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. These consolidated financial statements have been authorized for issue by the Company’s board of directors on April 23, 2019. 2.2 Basis of Preparation The consolidated financial statements have been prepared under the historical cost convention, except that the following assets are stated at their fair value set out below: • Financial assets at fair value through other comprehensive income • Financial assets at fair value through profit and loss (a) Going Concern Assumption As of December 31, 2018, current liabilities of the Group exceeded current assets by approximately RMB139.0 billion (2017: approximately RMB165.9 billion). Considering the current economic conditions and taking into account of the Group’s expected capital expenditure in the foreseeable future, management has comprehensively considered the Group’s available sources of funds as follows: • The Group’s continuous net cash inflows from operating activities; • Approximately RMB260.9 billion of revolving banking facilities, of which approximately RMB245.6 billion was unutilized as of December 31, 2018; and • Other available sources of financing from domestic banks and other financial institutions in view of the Group’s good credit history. In addition, the Group believes it has the ability to raise funds from short, medium and long-term perspectives and maintain reasonable financing costs through appropriate financing portfolio. Based on the above considerations, the Board of Directors is of the opinion that the Group has sufficient funds to meet its working capital commitments and debt obligations. As a result, the consolidated financial statements of the Group for the year ended December 31, 2018 have been prepared on a going concern basis. (b) Critical Accounting Estimates and Judgments The preparation of the consolidated financial statements in conformity with IFRSs requires management to make judgments, 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 judgments 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. Judgments 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 4. (c) New Accounting Standards and Amendments The Group has early adopted IFRS 9 (2010) “Financial Instruments” (“IFRS 9 (2010)”) in 2011. In 2018, the Group has been impacted by IFRS 9 (2014), “Financial Instruments” (“IFRS 9 (2014)”) in relation to measurement of credit losses, and impacted by IFRS 15, “Revenue from Contracts with Customers” (“IFRS 15”) in relation to capitalization of contract costs and presentation of contract assets and contract liabilities. Details of the changes in accounting policies are discussed in Note 2.2(c)(ii) for IFRS 9 (2014) and Note 2.2(c)(iii) for IFRS 15. (i) Overview Under the transition method chosen, the Group recognizes cumulative effect of the initial application of IFRS 9 (2014) and IFRS 15 as an adjustment to the opening balance of equity at January 1, 2018. Comparative information is not restated. The following table gives a summary of the opening balance adjustments recognized for each line item in the consolidated statements of financial position that has been impacted by IFRS 9 (2014) and IFRS 15: At December 31, 2017 Impact on initial (Note 2.2(c)(ii)) Impact on initial (Note 2.2(c)(iii)) At January 1, 2018 ASSETS Deferred income tax assets 5,973 265 (584 ) 5,654 Contract assets — — 753 753 Other assets 20,721 — (5,275 ) 15,446 Contract costs — — 6,856 6,856 Total non-current 495,261 265 1,750 497,276 Accounts receivable 13,964 (1,118 ) — 12,846 Prepayments and other current assets 13,801 — (2,221 ) 11,580 Contract assets — — 2,221 2,221 Total current assets 76,722 (1,118 ) — 75,604 Total assets 571,983 (853 ) 1,750 572,880 EQUITY Reserves (20,912 ) (85 ) 175 (20,822 ) Retained profits - Proposed final dividend 1,591 — — 1,591 - Others 69,315 (768 ) 1,575 70,122 Total equity 304,347 (853 ) 1,750 305,244 CURRENT LIABILITIES Accounts payable and accrued liabilities 125,260 — 3,671 128,931 Current portion of deferred revenue 350 — (311 ) 39 Advances from customers 49,283 — (49,000 ) 283 Contract liabilities — — 45,640 45,640 NON-CURRENT Deferred revenue 3,020 — (782 ) 2,238 Contract liabilities — — 782 782 Total equity and liabilities 571,983 (853 ) 1,750 572,880 Net current liabilities (165,900 ) (1,118 ) — (167,018 ) Total assets less current liabilities 329,361 (853 ) 1,750 330,258 Further details of these changes are set out in sub-sections (ii) IFRS 9 (2014), “Financial instruments”, including the amendments to IFRS 9, “Prepayment features with negative compensation” The Group has early adopted IFRS 9 (2010) in 2011 and has applied IFRS 9 (2014) on January 1, 2018. Compared with IFRS 9 (2010), IFRS 9 (2014) includes the new expected credit losses model for impairment of financial assets, the new general hedge accounting requirements and limited amendments to the classification and measurement of financial assets. The Group has applied IFRS 9 (2014) retrospectively to items that existed at January 1, 2018 in accordance with the transition requirements. The Group has recognized the cumulative effect of initial application as an adjustment to the opening equity at January 1, 2018. Therefore, comparative information continues to be reported under IFRS 9 (2010). The following table summarizes the impact of transition to IFRS 9 (2014) on retained profits and reserves and the related tax impact at January 1, 2018. Reserves and Retained profits Recognition of additional expected credit losses on: - financial assets measured at amortized cost (1,118 ) Related tax 265 Net decrease in retained profits and reserves at January 1, 2018 (853 ) Further details of the nature and effect of the changes to previous accounting policies and the transition approach are set out below: i. Credit losses IFRS 9 (2014) replaces the “incurred loss” model in IFRS 9 (2010) with an “expected credit loss” (“ECL”) model. The ECL model requires an ongoing measurement of credit risk associated with a financial asset and therefore recognizes ECLs earlier than under the “incurred loss” accounting model in IFRS 9 (2010). The Group applies the new ECL model to the following items: • financial assets measured at amortized cost (including cash and cash equivalents, short-term bank deposits and restricted deposits, accounts receivable, prepayments and other current assets, amounts due from ultimate holding company, amounts due from related parties, amounts due from domestic carriers and certain other assets); and • contract assets as defined in IFRS 15 (see Note 2.2(c)(iii)). For further details on the Group’s accounting policy for accounting for credit losses, see Note 2.15. Opening balance adjustment As a result of this change in accounting policy, the Group has recognized additional ECLs amounting to RMB1,118 million, which decreased statutory reserve and retained profits by RMB853 million and increased gross deferred tax assets by RMB265 million at January 1, 2018. The following table reconciles the closing loss allowance determined in accordance with IFRS 9 (2010) as of December 31, 2017 with the opening loss allowance determined in accordance with IFRS 9 (2014) as of January 1, 2018. Loss allowance at December 31, 2017 under IFRS 9 (2010) 6,657 Additional credit loss recognized at January 1, 2018 on: - Accounts receivable 1,118 Loss allowance at January 1, 2018 under IFRS 9 (2014) 7,775 ii. Transition Changes in accounting policies resulting from the adoption of IFRS 9 (2014) have been applied retrospectively, except as described below: • Information relating to comparative periods has not been restated. Differences in the carrying amounts of financial assets resulting from the adoption of IFRS 9 (2014) are recognized in retained profits and reserves as of January 1, 2018. Accordingly, the information presented for 2017 continues to be reported under IFRS 9 (2010) and thus may not be comparable with the current period. • If, at the date of initial application, the assessment of whether there has been a significant increase in credit risk since initial recognition would have involved undue cost or effort, a lifetime ECL has been recognized for that financial instrument. (iii) IFRS 15, “Revenue from Contracts with Customers” IFRS 15 establishes a comprehensive framework for recognizing revenue and some costs from contracts with customers. IFRS 15 replaces IAS 18, “Revenue”, which covered revenue arising from sale of goods and rendering of services, and IAS 11, “Construction contracts”, which specified the accounting for construction contracts. IFRS 15 also introduces additional qualitative and quantitative disclosure requirements which aim to enable users of the financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Group has elected to use the cumulative effect transition method and has recognized the cumulative effect of initial application as an adjustment to the opening balance of equity at January 1, 2018. Therefore, comparative information has not been restated and continues to be reported under IAS 11 and IAS 18. As allowed by IFRS 15, the Group has applied the new requirements only to contracts that were not completed before January 1, 2018. The Group’s previous revenue recognition accounting policies of bundled sales transactions were generally consistent with the requirements of IFRS 15 in material respects. Further details of the nature and effect of the changes on previous accounting policies are set out below: i. Sales commission The Group previously recognized sales commissions payable as other operating expenses when they were incurred. Under IFRS 15, the Group is required to capitalize these sales commissions as costs of obtaining contracts when they are incremental and are expected to be recovered, unless the expected amortization period is one year or less from the date of initial recognition of the asset, in which case the sales commissions can be expensed when incurred. Capitalized commissions are charged to profit or loss when the revenue from the related contract is recognized and are included as other operating expenses at that time. The following table summarizes the impact of transition to IFRS 15 on retained profits and reserves and the related tax impact at January 1, 2018: Reserves and Retained profits Capitalization of sales commissions 2,334 Related tax (584 ) Net increase in retained profits and reserves at January 1, 2018 1,750 ii. Presentation of contract assets, contract cost and contract liabilities Under IFRS 15, a receivable is recognized only if the Group has an unconditional right to consideration. If the Group recognizes the related revenue before being unconditionally entitled to the consideration for the promised goods and services in the contract, then the entitlement to consideration is classified as a contract asset. Similarly, a contract liability, rather than a payable, is recognized when a customer pays consideration, or is contractually required to pay consideration and the amount is already due, before the Group recognizes the related revenue. For a single contract with the customer, either a net contract asset or a net contract liability is presented. For multiple contracts, contract assets and contract liabilities of unrelated contracts are not presented on a net basis. Previously, contract balances relating to contracts in progress were presented in the consolidated statements of financial position under “Prepayments and other current assets”, “Other assets”, “Advances from customers” and “Deferred revenue”. To reflect these changes in presentation, the Group has made the following adjustments at January 1, 2018, as a result of the adoption of IFRS 15: a. “Receivables for the sales of mobile handsets, net of allowance” which were previously included in “Prepayments and other current assets” and “Other assets”, amounting to RMB2,221 million and RMB753 million, respectively, are now included under contract assets. b. “Direct incremental costs for activating broadband and Internet Protocol Television (“IPTV”) subscribers” which were previously included in “Other assets”, amounting to RMB4,522 million, are now included under contract costs. c. (1) “Advances received from customers for prepaid cards, other calling cards and prepaid service fees” amounting to RMB45,329 million, which were previously included in “Advances from customers”; (2) “allocated portion of fair value for the subscriber points reward” which were previously included in “Deferred revenue” and “Current portion of deferred revenue”, amounting to RMB525 million and RMB207 million, respectively; (3) “installation fees of fixed-line service” which were previously included in “Deferred revenue” and “Current portion of deferred revenue”, amounting to RMB207 million and RMB104 million, respectively; and (4) “Advances received from customers for transmission lines usage and associated services” amounting to RMB50 million, which were previously included in “Deferred revenue”, are now included under contract liabilities. “Value-added tax (“VAT”) received from customer in advance” amounting to RMB3,671 million, which were previously included in “Advances from customers” are now included in accounts payables and accrued liabilities. iii. Disclosure of the estimated impact on the amounts reported in respect of the year ended December 31, 2018 as a result of the adoption of IFRS 15 on January 1, 2018. The following tables summarize the estimated impact of adoption of IFRS 15 on the Group’s consolidated financial statements for the year ended December 31, 2018, by comparing the amounts reported under IFRS 15 in these consolidated financial statements with estimates of the hypothetical amounts that would have been recognized under IAS 18 and IAS 11 if those superseded standards had continued to apply to 2018 instead of IFRS 15. These tables show only those line items impacted by the adoption of IFRS 15: Amounts reported in accordance with IFRS 15 Hypothetical amounts under IASs 18 and 11 Difference: Estimated impact of adoption of IFRS 15 on 2018 Line items in the consolidated statements of income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: Other operating expenses 62,561 62,074 487 Income before taxation 13,081 13,568 (487 ) Income tax expenses (2,824 ) (2,946 ) 122 Net Income for the year 10,257 10,622 (365 ) Net Income attributable to equity shareholders of the Company 10,197 10,562 (365 ) Earnings per share for income attributable to equity shareholders of the Company during the year: Basic earnings per share (RMB) 0.33 0.34 (0.01 ) Diluted earnings per share (RMB) 0.33 0.34 (0.01 ) Line items in the consolidated statements of comprehensive income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: Total comprehensive income for the year 10,012 10,377 (365 ) Total comprehensive income attributable to: Equity shareholders of the Company 9,952 10,317 (365 ) Amounts reported in accordance with IFRS 15 Hypothetical amounts under IASs 18 and 11 Difference: Estimated impact of adoption of IFRS 15 on 2018 Line items in the consolidated statements of financial position as of December 31, 2018 impacted by the adoption of IFRS 15: ASSETS Deferred income tax assets 3,401 3,630 (229 ) Contract assets 570 — 570 Other assets 14,645 19,000 (4,355 ) Contract costs 5,632 — 5,632 Total non-current 464,411 462,793 1,618 Prepayments and other current assets 11,106 12,360 (1,254 ) Contract assets 1,254 — 1,254 Total current assets 75,909 75,909 — Total assets 540,320 538,702 1,618 EQUITY Reserves (20,154 ) (20,293 ) 139 Retained profits - Others 75,920 74,674 1,246 Total equity 314,286 312,901 1,385 LIABILITIES Accounts payable and accrued liabilities 122,458 119,060 3,398 Taxes payable 911 678 233 Current portion of deferred revenue 78 1,161 (1,083 ) Advances from customers 328 45,293 (44,965 ) Contract liabilities 42,650 — 42,650 Total current liabilities 214,910 214,677 233 Total equity and liabilities 540,320 538,702 1,618 Net current liabilities (139,001 ) (138,768 ) (233 ) Total assets less current liabilities 325,410 324,025 1,385 Line items in the reconciliation of income before taxation to cash generated from operations for the year ended December 31, 2018 impacted by the adoption of IFRS 15: Income before taxation 13,081 13,568 (487 ) Increase in contract costs (3,001 ) — (3,001 ) Decrease/(Increase) in other assets 1,584 (1,721 ) 3,305 Decrease in contract assets 1,150 — 1,150 Decrease in prepayments and other current assets 60 1,027 (967 ) Increase in accounts payable and accrued liabilities 6,591 6,268 323 Decrease in contract liabilities (4,322 ) — (4,322 ) Increase in deferred revenue 1,474 1,464 10 Increase/(Decrease) in advances from customers 45 (3,944 ) 3,989 The differences arise as a result of the changes in accounting policies described above. (iv) IFRIC 22, “Foreign currency transactions and advance consideration” (“IFRIC 22”) This interpretation provides guidance on determining “the date of the transaction” for the purpose of determining the exchange rate to use on initial recognition of the related asset, expense or income (or part of it) arising from a transaction in which an entity receives or pays advance consideration in a foreign currency. The interpretation clarifies that “the date of the transaction” is the date on initial recognition of the non-monetary (v) Possible impact of amendments, new standards and interpretations issued but not yet effective for the year ended December 31, 2018 The IASB has issued a number of new IFRSs and amendments to IFRSs and IAS which are not yet effective for the year ended December 31, 2018 and which have not been adopted in these financial statements. Of these, the following developments are relevant to the Group’s financial statements: Effective for IFRS 16, “Leases” January 1, 2019 IFRIC 23, “Uncertainty over income tax treatments” January 1, 2019 Annual Improvements to IFRSs 2015-2017 Cycle January 1, 2019 Amendments to IAS 28, “Long-term interest in associates and joint ventures” January 1, 2019 The Group is assessing the impact of such new standards, amendments to standards and interpretations, and will adopt the relevant standards, amendments to standards and interpretations in the subsequent period as required. In particular, the Group provides the following information in respect of IFRS 16, “Leases” which may has a significant impact on the Group’s consolidated financial statements. While the assessment has been substantially completed for IFRS 16, the actual impact upon the initial adoption of this standard may differ as the assessment completed to date is based on the information currently available to the Group, and further impacts may be identified before the standard is initially applied in the Group’s interim financial report for the six months ending June 30, 2019. The Group may also change its accounting policy elections, including the transition options, until the standard is initially applied in that financial report. IFRS 16, “Leases” (“IFRS 16”) Currently the Group classifies leases into finance leases and operating leases and accounts for the lease arrangements differently, depending on the classification of the lease. The Group enters into some leases as the lessor and others as the lessee. IFRS 16 is not expected to impact significantly on the way that lessors account for their rights and obligations under a lease. However, once IFRS 16 is adopted, lessees will no longer distinguish between finance leases and operating leases. Instead, subject to practical expedients, lessees will account for all leases in a similar way to current finance lease accounting, i.e. at the commencement date of the lease the lessee will recognize and measure a lease liability at the present value of the minimum future lease payments and will recognize a corresponding “right-of-use” right-of-use low-value IFRS 16 will primarily affect the Group’s accounting as a lessee of leases for properties, plant and equipment which are currently classified as operating leases. The application of the new accounting model is expected to lead to an increase in both assets and liabilities and to impact on the timing of the expense recognition in the statements of income over the period of the lease. IFRS 16 is effective for annual periods beginning on or after January 1, 2019. As allowed by IFRS 16, the Group plans to use the practical expedient to grandfather the previous assessment of which existing arrangements are, or contain, leases. The Group will therefore apply the new definition of a lease in IFRS 16 only to contracts that are entered into on or after the date of initial application. In addition, the Group plans to elect the practical expedient for not applying the new accounting model to short-term leases and leases of low-value The Group plans to elect to use the modified retrospective approach for the adoption of IFRS 16 and will recognize the cumulative effect of initial application as an adjustment to the opening balance of equity at January 1, 2019 and will not restate the comparative information. Based on the information currently available, upon the initial adoption of IFRS 16, the Group will recognize lease liabilities and the corresponding right-of-use assets of approximately RMB32 billion to RMB36 billion, with a corresponding after-tax decrease to the opening balance of retained profits and reserves amounted to approximately RMB0.5 billion to RMB1.0 billion as of January 1, 2019. Other than the recognition of lease liabilities and right-of-use 2.3 Subsidiaries and Non-Controlling Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed, 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. When assessing whether the Group has power, only substantive rights (held by the Group and other parties) are considered. 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, transactions and cash flows and any unrealized profits 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. The Group adopted the purchase method of accounting to account for business combination of entities and businesses under common control before 2005. Under the purchase method of accounting in force at the date of the acquisition, the cost of an acquisition was measured at the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the acquisition. Identifiable assets acquired and liabilities and contingent liabilities assumed were measured initially at their fair values at the acquisition date, irrespective of the extent of any non-controlling Business combination of entity and business under common control of the Group after 2005 was accounted for using merger accounting. Upon the first adoption of IFRSs by the Group in 2008, the Group adopted the accounting policy to account for business combinations of entities and businesses under common control using the predecessor values method. Non-controlling non-controlling 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 (see Note 2.13) or, when appropriate, the cost on initial recognition of an investment in an associate or joint venture (see Note 2.4). In the Company’s statements of financial position, an investment in a subsidiary is stated at cost less impairment losses (see Note 2.14), unless the investment is classified as held for sale (or included in a disposal group that is classified as held for sale). 2.4 Associates and Joint Ventures 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. A joint venture is an arrangement whereby the Group and other parties contractually agree to share control of the arrangement, and have rights to the net assets of the arrangement. An investment in an associate or a joint venture is accounted for in the consolidated financial statements under the equity method, unless it is classified as held for sale (or included in a disposal group that is classified as held for sale). Under the equity method, the investment is initially recorded at cost, adjusted for any excess of the Group’s share of the acquisition-date fair values of the investee’s identifiable net assets over the cost of the investment (if any). The cost of the investment includes purchase price, other costs directly attributable to the acquisition of the investment, and any direct investment into the associate or joint venture that forms part of the Group’s equity investment. 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. The Group’s share of the post-acquisition post-tax post-tax When the Group’s share of losses exceeds its interest in the associate or the joint venture, 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 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 associate or the joint venture. Unrealized profits and losses resulting from transactions between the Group and its associates and joint venture 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. If an investment in an associate becomes an investment in a joint venture or vice versa, retained interest is not remeasured. Instead, the investment continues to be accounted for under the equity method. In all other cases, when the Group ceases to have significant influence over an associate or joint control over a joint venture, it is accounted for as a disposal of the entire interest in that investee, with a resulting gain or loss being recognized in profit or loss. Any interest retained in that former investee at the date when significant influence or joint control is lost is recognized at fair value and this amount is regarded as the fair value on initial recognition of a financial asset. 2.5 Segment Reporting Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision-Maker (“CODM”). The CODM, who is responsible for allocating resources and assessing performance of the operating segments regularly, has been identified as the Executive Directors of the Company that makes strategic decisions. 2.6 Foreign Currency Translation (a) Functional and presentation currency Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entities operate (“the functional currency”). The consolidated financial statements are presented in RMB, which is the Company’s functional and presentation currency. For the convenience of the reader, the translation of RMB into United States dollars (“US$”) has been made at the rate of RMB6.8755 to US$1.00, representing the rate as certified by the H.10 weekly statistical release of Federal Reserve Board on December 31, 2018. No representation is made that RMB amounts could have been, or could be, converted into US$ at that rate or at any other certain rate on December 31, 2018 or at any other date. The US$ convenience translation is not required under IFRS and all US$ convenience translation amounts in the accompanying consolidated financial statements are unaudited. (b) Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are re-measured. year-end (c) Group companies The results and financial position of all the Group entities (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: • Assets and liabilities for each statement of financial position presented are translated at the closing rate at the statements of financial position date; • Income and expenses for each statement of income are translated at average exchange rates (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the dates of the transactions); and • All resulting exchange differences are recognized in other comprehensive income and as a separate component of equity into other reserve. On consolidation, exchange differences arising from the translation of the net investment in foreign operations, and of borrowings and other currency instruments designated as hedges of such investments, are taken to shareholders’ equity. When a foreign operation is sold, such exchange differences are recognized in the statements of income as part of the gain or loss on disposal. 2.7 Property, Plant and Equipment (a) Construction-in-progress Construction-in-progress (b) Property, plant and equipment Property, plant and equipment held by the Group are stated at cost less accumulated depreciation and accumulated impairment losses, and are depreciated over their expected useful lives. Property, plant and equipment comprise buildings, telecommunications equipment, leasehold improvements, office furniture, fixtures, motor vehicles and other equipment. The cost of an asset, except for those acquired in exchange for a non-monetary If an item of property, plant and equipment is acquired in exchange for another item of property, plant and equipment, |
Financial Risk Management and F
Financial Risk Management and Fair Values of Financial Instruments | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Financial Risk Management and Fair Values of Financial Instruments | 3. FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL INSTRUMENTS 3.1 Financial risk factors The Group’s operating activities expose it to a variety of financial risks: market risk (including foreign currency risk, price risk, cash flow and fair value interest rate risk), credit risk and liquidity risk. The Group’s overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Group’s financial performance. Financial risk management is carried out by the Group’s fund management center at its headquarters, following the overall direction determined by the Executive Directors of the Company. The Group’s fund management center at its headquarters identifies and evaluates financial risks in close co-operation (a) Market risk (i) Foreign exchange risk The Group’s major operational activities are carried out in Mainland China and a majority of the transactions are denominated in RMB. The Group is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to US dollars, HK dollars and Euro. Exchange risk mainly exists with respect to the repayment of indebtedness to foreign lenders and payables to equipment suppliers and contractors. The Group’s fund management center at its headquarters is responsible for monitoring the amount of monetary assets and liabilities denominated in foreign currencies. From time to time, the Group may consider entering into forward exchange contracts or currency swap contracts to mitigate the foreign exchange risk. During the years of 2016, 2017 and 2018, the Group had not entered into any forward exchange contracts or currency swap contracts. The following table details the Group’s exposure at the end of the reporting period to currency risk arising from recognized assets or liabilities denominated in a currency other than the functional currency of the entity to which they relate and have been translated to RMB at the applicable rates quoted by the People’s Bank of China (“PBOC”) as of December 31, 2017 and 2018. 2017 2018 Original Exchange rate RMB Original Exchange rate RMB Cash and cash equivalents: - denominated in HK dollars 508 0.84 425 66 0.88 58 - denominated in US dollars 150 6.53 980 114 6.86 783 - denominated in Euro 12 7.80 95 16 7.85 123 - denominated in Japanese Yen 17 0.06 1 17 0.06 1 - denominated in SGD — 4.88 1 — 5.01 — - denominated in GBP 1 8.78 10 — 8.68 1 - denominated in CHF — 6.68 — — 6.95 1 Sub-total 1,512 967 Accounts receivable: - denominated in HK dollars — 0.84 — 1 0.88 1 - denominated in US dollars 229 6.53 1,496 233 6.86 1,599 - denominated in Euro 2 7.80 16 1 7.85 8 Sub-total 1,512 1,608 Financial assets at fair value through other comprehensive income: - denominated in Euro 522 7.80 4,070 471 7.85 3,698 Total 7,094 6,273 Borrowings: - denominated in US dollars 43 6.53 278 37 6.86 252 - denominated in Euro 9 7.80 72 8 7.85 62 - denominated in HK dollars 520 0.84 435 2 0.88 2 Sub-total 785 316 Accounts payable: - denominated in US dollars 58 6.53 379 73 6.86 501 - denominated in Euro 2 7.80 16 1 7.85 8 Sub-total 395 509 Total 1,180 825 The Group did not have and does not believe it will have any difficulties in exchanging its foreign currency cash into RMB at the exchange rates quoted by the People’s Bank of China. As of December 31, 2018, if the RMB had strengthened/weakened by 10% against foreign currencies, primarily with respect to US dollars, HK dollars, Euro, Japanese Yen, SGD, CHF and GBP, while all other variables are held constant, the effect on income after tax would be approximately RMB131 million (2016: approximately RMB216 million; 2017: approximately RMB138 million) for cash and cash equivalents, borrowings and obligations under finance lease included in other obligations denominated in foreign currencies, and the effect on other comprehensive income would be approximately RMB370 million (2016: approximately RMB414 million ; 2017: approximately RMB407 million) for financial assets denominated in foreign currency, which were recorded in fair value through other comprehensive income. (ii) Price risk The Group is exposed to equity securities price risk because investments held by the Group are classified in the consolidated statements of financial position as financial assets at fair value through other comprehensive income. The financial assets at fair value through other comprehensive income comprise primarily equity securities of Telefónica S.A. (“Telefónica”). As of December 31, 2018, if the share price of Telefónica had increased/decreased by 10%, while the exchange rate of RMB against Euro is held constant, the effect on other comprehensive income would be approximately RMB370 million (2016: approximately RMB414 million; 2017: approximately RMB407 million). (iii) Cash flow and fair value interest rate risk The Group’s interest-bearing assets are mainly represented by bank deposits. Management does not expect the changes in market deposit interest rates will have significant impact on the financial statements as the deposits are all short-term in nature and the interest involved will not be significant. The Group’s interest rate risk mainly arises from interest-bearing borrowings including bank loans, commercial papers, promissory notes, corporate bonds and related parties loans. Borrowings issued at floating rates expose the Group to cash flow interest rate risk. Borrowings issued at fixed rates expose the Group to fair value interest rate risk upon renewal. The Group determines the amount of its fixed rate or floating rate borrowings depending on the prevailing market conditions. During the years of 2017 and 2018, the Group’s borrowings were mainly at fixed rates and were mainly denominated in RMB. Increases in interest rates will increase the cost of new borrowing and the interest expense with respect to the Group’s outstanding floating rate borrowings, and therefore could have a material adverse effect on the Group’s financial position. Management continuously monitors the interest rate position of the Group and makes decisions with reference to the latest market conditions. From time to time, the Group may enter into interest rate swap agreements to mitigate its exposure to interest rate risks in connection with the floating rate borrowings, although the Group did not consider it was necessary to do so in the years of 2017 and 2018. As of December 31, 2018, the Group had approximately RMB19,784 million (2017: approximately RMB35,607 million) of floating rate borrowings and short-term fixed rate borrowings and approximately RMB24,889 million (2017: approximately RMB40,516 million) of long-term fixed rate borrowings. For the year ended December 31, 2018, if interest rates on the floating rate borrowings and short-term fixed rate borrowings had increased/decreased 50 basic points while all other variables are held constant, the effect on income after tax is approximately RMB74 million (2016: approximately RMB433 million; 2017: approximately RMB134 million). (b) Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in a financial loss to the Group Credit risk is managed on a group basis. Credit risk arises from cash and cash equivalents and short-term bank deposits with banks, as well as credit exposures to major corporate customers, individual subscribers and general corporate customers, related parties and other operators. To limit exposure to credit risk relating to cash and cash equivalents and short-term bank deposits, the Group primarily places cash and cash equivalents and short-term bank deposits only with large state-owned financial institutions in the PRC and other banks with acceptable credit ratings. Therefore, the Group expects that there is no significant credit risk and does not expect that there will be any significant losses from non-performance In addition, the Group has no significant concentrations of credit risk with respect to individual subscribers and corporate customers. The Group has policies to limit the credit exposure on receivables for services and the sales of mobile handsets. The Group assesses the credit quality of and sets credit limits on all its customers by taking into account their financial position, the availability of guarantee from third parties, their credit history and other factors such as current market conditions. The normal credit period granted by the Group to individual subscribers and general corporate customers is 30 days from the date of billing unless they meet certain specified credit assessment criteria. For major corporate customers, the credit period granted by the Group is based on the service contract terms, normally not exceeding 1 year. The utilization of credit limits and the settlement pattern of the customers are regularly monitored by the Group. In respect of other receivables, individual credit evaluations are performed on all counterparties requiring credit over a certain amount. These evaluations focus on the counterparties’ past history of making payments when due and current ability to pay, and take into account information specific to the counterparties as well as the economic environment in which the counterparties operates. Credit risk relating to amounts due from related parties and other operators is not considered to be significant as these companies are reputable and their receivables are settled on a regular basis. (c) Liquidity risk Prudent liquidity risk management includes maintaining sufficient cash and availability of funds including the raising of bank loans and issuance of commercial papers, promissory notes and corporate bonds. Due to the dynamic nature of the underlying business, the Group’s fund management center at its headquarters maintains flexibility in funding through having adequate amount of cash and cash equivalents and utilizing different sources of financing when necessary. The following tables show the undiscounted balances of the financial liabilities (including interest expense) categorized by time from the end of the period under review to the contractual maturity date: Less than Between 1 Between 2 Over 5 Carrying At December 31, 2017 Long-term bank loans 412 444 1,329 2,567 3,883 Corporate bonds 544 17,282 1,049 — 17,981 Promissory notes 18,440 — — — 17,960 Other obligations 3,006 293 48 47 3,419 Accounts payable and accrued liabilities 125,260 — — — 125,260 Amounts due to related parties 8,138 — — — 8,126 Amounts due to ultimate holding company 2,184 — — — 2,176 Amounts due to domestic carriers 2,538 — — — 2,538 Commercial papers 9,127 — — — 8,991 Short-term bank loans 22,945 — — — 22,500 192,594 18,019 2,426 2,614 212,834 At December 31, 2018 Long-term bank loans 452 439 1,334 2,150 3,614 Corporate bonds 17,282 34 1,015 — 17,993 Other obligations 2,853 32 48 49 3,034 Accounts payable and accrued liabilities 122,458 — — — 122,458 Amounts due to related parties 8,977 132 3,436 — 11,885 Amounts due to ultimate holding company 1,214 — — — 1,214 Amounts due to domestic carriers 2,144 — — — 2,144 Short-term bank loans 15,449 — — — 15,085 170,829 637 5,833 2,199 177,427 Regarding the Group’s use of the going concern basis for the preparation of its financial statements, please refer to Note 2.2(a) for details. 3.2 Capital risk management The Group’s objectives when managing capital are: • To safeguard the Group’s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders. • To support the Group’s stability and growth. • To provide capital for the purpose of strengthening the Group’s risk management capability. In order to maintain or adjust the capital structure, the Group reviews and manages its capital structure actively and regularly to ensure optimal capital structure and shareholder returns, taking into account the future capital requirements of the Group and capital efficiency, prevailing and projected profitability, projected operating cash flows, projected capital expenditures and projected strategic investment opportunities. The Group monitors capital on the basis of the debt-to-capitalization The Group’s debt-to-capitalization 2017 2018 Interest-bearing debts: - Commercial papers 8,991 — - Short-term bank loans 22,500 15,085 - Long-term bank loans 3,473 3,173 - Corporate bonds 17,981 999 - Obligations under finance lease included in other obligations 231 6 - Amounts due to ultimate holding company 1,344 — - Amounts due to related parties 475 3,090 - Current portion of long-term bank loans 410 441 - Current portion of promissory notes 17,960 — - Current portion of corporate bonds — 16,994 - Current portion of obligations under finance lease 461 234 73,826 40,022 Total equity: 304,347 314,286 Interest-bearing debts plus total equity 378,173 354,308 Debt-to-capitalization 19.5 % 11.3 % The decrease in debt-to-capitalization 3.3 Fair value estimation Financial assets of the Group mainly include cash and cash equivalents, short-term bank deposits and restricted deposits, financial assets at fair value through other comprehensive income, financial assets at fair value through profit and loss, accounts receivable, receivables for the sales of mobile handsets, amounts due from ultimate holding company, related parties and domestic carriers. Financial liabilities of the Group mainly include accounts payable and accrued liabilities, short-term bank loans, commercial papers, corporate bonds, promissory notes, long-term bank loans, other obligations and amounts due to ultimate holding company, related parties and domestic carriers. (a) Financial assets and liabilities measured at fair value The table below analyzes financial instruments carried at fair value, by valuation method. The different levels have been defined as follows: • Level 1 valuation: unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date • Level 2 valuation: observable inputs which fail to meet Level 1, and not using significant unobservable inputs. Unobservable inputs for which market data are not available • Level 3 valuation: fair value measured using significant unobservable inputs The following table presents the Group’s assets that are measured at fair value at December 31, 2017: Level 1 Level 2 Level 3 Total Recurring fair value measurement: Financial assets at fair value through other comprehensive income - Equity securities -Listed 4,228 — — 4,228 -Unlisted — — 58 58 4,228 — 58 4,286 Financial assets at fair value through profit and loss - Equity securities -Unlisted — — 63 63 -Wealth management products — 97 — 97 Total 4,228 97 121 4,446 The following table presents the Group’s assets that are measured at fair value at December 31, 2018: Level 1 Level 2 Level 3 Total Recurring fair value measurement: Financial assets at fair value through other comprehensive income - Equity securities -Listed 3,845 — — 3,845 -Unlisted — — 58 58 3,845 — 58 3,903 Financial assets at fair value through profit and loss - Equity securities -Unlisted — — 200 200 -Wealth management products — 570 — 570 Total 3,845 570 258 4,673 The fair value of financial instruments traded in active markets is based on quoted market prices at the statements of financial position date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The quoted market price used for financial assets held by the Group is the current bid price. These instruments are included in level 1 and comprise primarily equity securities of Telefónica which are classified as financial assets at fair value through other comprehensive income. During the years ended December 31, 2017 and 2018, there were no transfer between Level 1 and Level 2, or transfer into or out of Level 3. The Group’s policy is to recognize transfers between levels of fair value hierarchy as of the end of the reporting period in which they occur. (b) Fair value of financial assets and liabilities carried at other than fair value The carrying amounts of the Group’s financial instruments carried at amortized cost are not materially different from their fair values as of December 31, 2017 and 2018. Their carrying amounts, fair values and the level of fair values hierarchy are disclosed below: Carrying Fair value as of Carrying Fair value as of Fair value measurement as of Level 1 Level 2 Level 3 Non-current 3,473 3,187 3,173 3,098 — 3,098 — Non-current 17,981 17,712 999 1,014 1,014 — — The fair value of the non-current Besides, the carrying amounts of the Group’s other financial assets and liabilities carried at amortized cost approximated their fair values as of December 31, 2017 and 2018 due to the nature or short maturity of those instruments. |
Critical Accounting Estimates a
Critical Accounting Estimates and Judgements | 12 Months Ended |
Dec. 31, 2018 | |
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Critical Accounting Estimates and Judgements | 4. CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Group makes estimates and assumptions concerning the future. The resulting accounting estimates may not be equal to the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. 4.1 Depreciation on property, plant and equipment Depreciation on the Group’s property, plant and equipment is calculated using the straight-line method to allocate cost up to residual values over the estimated useful lives of the assets. The Group reviews the useful lives and residual values periodically to ensure that the method and rates of depreciation are consistent with the expected pattern of realization of economic benefits from property, plant and equipment. The Group estimates the useful lives of property, plant and equipment based on historical experience, taking into account anticipated technological changes. If there are significant changes from previously estimated useful lives, the amount of depreciation expenses may change. 4.2 Impairment of Non-Financial Assets The Group tests whether non-financial pre-tax non-financial non-financial No significant impairment loss on property, plant and equipment was recognized for the years ended December 31, 2016, 2017 and 2018. 4.3 Allowance for expected credit losses Management estimates expected credit loss allowance on account receivables and contract assets using a provision matrix based on the Group’s historical credit loss experience, and adjusted for factors that are specific to the debtors and an assessment of both the current and forecast general economic conditions at the reporting date. The Group monitored and reviewed the assumptions relating to expected credit loss regularly. For the Group’s detailed assessment of credit risk, please refer to Note 3.1(b). 4.4 Income tax and deferred taxation The Group estimates its income tax provision and deferred taxation in accordance with the prevailing tax rules and regulations, taking into account any special approvals obtained from relevant tax authorities and any preferential tax treatment to which it is entitled in each location or jurisdiction in which the Group operates. 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. Major deferred tax assets relate to deductible tax losses, unrecognized revaluation surplus on prepayments for the leasehold land determined under PRC regulations, accruals of expenses not yet deductible for tax purpose, and credit loss allowance. Due to the effects of these temporary differences on income tax, the Group has recorded net deferred tax assets amounting to approximately RMB3,401 million as of December 31, 2018 (2017: approximately RMB5,973 million) (see Note 13). 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. The Group believes it has recorded adequate current tax provision and deferred taxes based on the prevailing tax rules and regulations and its current best estimates and assumptions. In the event that future tax rules and regulations or related circumstances change, adjustments to current and deferred taxation may be necessary which would impact the Group’s results or financial position. 4.5 Determining the type of lease The Group analyzed the substance of the leases to determine whether the arrangements should be classified as operating leases or finance leases in accordance with the requirements of the prevailing accounting standards. The Group bases its judgment on the lease agreements and related arrangements to assess whether substantially all the risks and rewards incidental to ownership of the leased assets has been transferred. |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2018 | |
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Segment Information | 5. SEGMENT INFORMATION The Executive Directors of the Company have been identified as the CODM. Operating segments are identified on the basis of internal reports that the CODM reviews regularly in allocating resources to segments and in assessing their performances. The CODM make resources allocation decisions based on internal management functions and assess the Group’s business performance as one integrated business instead of by separate business lines or geographical regions. Accordingly, the Group has only one operating segment and therefore, no segment information is presented. The Group primarily operates in Mainland China and accordingly, no geographic information is presented. No single customer accounted for 10 percent or more of the Group’s revenue in all periods presented. |
Revenue
Revenue | 12 Months Ended |
Dec. 31, 2018 | |
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Revenue | 6. REVENUE Revenue from telecommunications services are subject to VAT and VAT rates applicable to various telecommunications services. The Ministry of Finance and the State Administration of Taxation (“SAT”) of the PRC jointly issued a notice dated April 4, 2018 which stipulates downward adjustments of VAT rate for basic telecommunications services from 11% to 10% and VAT rate for sales of telecommunications products from 17% to 16% from May 1, 2018. The VAT rate for value-added telecommunications services remains at 6%. Basic telecommunications services include business activities for the provision of voice services, and transmission lines usage and associated services etc. Value-added telecommunications services include business activities for the provision of Short Message Service and Multimedia Message Service, broadband and mobile data services, and data and internet application services etc. VAT is excluded from the revenue. Disaggregation of revenue from customers by major services and products: 2016 (Note) 2017 (Note) 2018 Voice usage and monthly fees 47,500 39,154 32,486 Broadband and mobile data services 118,209 137,133 148,431 Data and internet application services 17,782 20,074 26,489 Other value-added services 24,187 22,793 24,606 Interconnection fees 14,748 14,233 13,708 Transmission lines usage and associated services 11,618 12,519 14,178 Other services 3,989 3,109 3,785 Total service revenue 238,033 249,015 263,683 Sales of telecommunications products 36,164 25,814 27,194 Total 274,197 274,829 290,877 Include: Revenue from contracts with customers within the scope of IFRS 15 289,810 Revenue from other sources 1,067 Note: The Group has initially applied IFRS 15 using the cumulative effect method. Under this method, the comparative information is not restated and was prepared in accordance with IAS 18, and IAS 11 (see Note 2.2(c)(iii)). The Group’s revenue is primarily generated from the provision of voice usage, broadband and mobile data services, data and internet application services, other value-added services, transmission lines usage and associated services and sale of telecommunication products. The Group bills the majority of its customers based on a fixed rate and service volume each month, and then has a right to consideration from the customers. Transaction prices that were allocated to unsatisfied performance obligations as of the end of the reporting period are expected to be recognized within one to five years when services are rendered. The Group has applied the practical expedient in paragraph 121 of IFRS 15 and therefore the information about remaining performance obligations is not disclosed for contracts that have an original expected duration of one year or less and also for those performance obligations which are regarded as satisfied as invoiced. |
Network, Operation and Support
Network, Operation and Support Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Network, Operation and Support Expenses | 7. NETWORK, OPERATION AND SUPPORT EXPENSES Note 2016 2017 2018 Repairs and maintenance 11,150 10,531 11,102 Power and water charges 13,898 14,853 14,481 Operating lease and other services charges for network, premises, equipment and facilities 9,779 10,724 11,445 Operating lease and other service charges from China Tower Corporation Limited (“Tower Company”) 44.2 14,887 16,524 15,982 Others 1,453 1,875 2,067 51,167 54,507 55,077 |
Employee Benefit Expenses
Employee Benefit Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Employee Benefit Expenses | 8. EMPLOYEE BENEFIT EXPENSES Note 2016 2017 2018 Salaries and wages 27,178 32,155 35,498 Contributions to defined contribution pension schemes 5,236 5,550 6,823 Contributions to medical insurance 1,889 2,010 2,241 Contributions to housing fund 2,569 2,722 2,944 Other housing benefits 35 34 23 Share-based compensation 43 — — 614 36,907 42,471 48,143 |
Costs of Telecommunications Pro
Costs of Telecommunications Products Sold | 12 Months Ended |
Dec. 31, 2018 | |
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Costs of Telecommunications Products Sold | 9. COSTS OF TELECOMMUNICATIONS PRODUCTS SOLD 2016 2017 2018 Handsets and other telecommunication products 38,888 26,406 27,403 Others 413 237 201 39,301 26,643 27,604 |
Other Operating Expenses
Other Operating Expenses | 12 Months Ended |
Dec. 31, 2018 | |
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Other Operating Expenses | 10. OTHER OPERATING EXPENSES Note 2016 2017 2018 Credit loss allowance and write-down of inventories 4,173 3,955 3,846 Commission and other service expenses 23,826 22,658 23,151 Advertising and promotion expenses 2,325 2,463 2,882 Internet access terminal maintenance expenses 3,857 3,547 3,358 Customer retention costs 3,775 3,987 4,085 Auditors’ remuneration 69 74 78 Property management fee 2,150 2,169 2,192 Office and administrative expenses 1,972 1,919 1,763 Transportation expense 1,676 1,642 1,565 Miscellaneous taxes and fees 1,375 1,251 1,387 Service technical support expenses 4,641 4,355 8,035 Repairs and maintenance expenses 852 824 770 Loss on disposal of property, plant and equipment 15 355 3,489 4,148 Others 3,539 4,833 5,301 54,585 57,166 62,561 |
Finance Costs
Finance Costs | 12 Months Ended |
Dec. 31, 2018 | |
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Finance Costs | 11. FINANCE COSTS Note 2016 2017 2018 Finance costs: - Interest on bank loans repayable within 5 years 2,730 3,378 908 - Interest on corporate bonds, promissory notes and commercial papers repayable within 5 years 2,885 2,403 1,113 - Interest on related party loans repayable within 5 years — 73 33 - Interest on bank loans repayable over 5 years 62 53 47 - Less: Amounts capitalized in CIP 15 (769 ) (670 ) (534 ) Total interest expense 4,908 5,237 1,567 - Net exchange (gain)/loss (260 ) 231 (80 ) - Others 369 266 138 5,017 5,734 1,625 |
Other Income - Net
Other Income - Net | 12 Months Ended |
Dec. 31, 2018 | |
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Other Income - Net | 12. OTHER INCOME – NET 2016 2017 2018 Dividend income from financial assets at fair value through other comprehensive income 357 206 203 Others 1,234 1,074 580 1,591 1,280 783 |
Taxation
Taxation | 12 Months Ended |
Dec. 31, 2018 | |
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Taxation | 13. TAXATION Hong Kong profits tax has been provided at the rate of 16.5% (2016: 16.5%; 2017: 16.5%) on the estimated assessable income for the year. Taxation on income outside Hong Kong has been calculated on the estimated assessable income for the year at the rates of taxation prevailing in the countries in which the Group operates. The Company’s subsidiaries operate mainly in the PRC and the applicable statutory enterprise income tax rate is 25% (2016: 25%; 2017: 25%). Taxation for certain subsidiaries in the PRC was calculated at a preferential tax rate of 15% (2016: 15%; 2017: 15%). 2016 2017 2018 Provision for income tax on the estimated taxable income for the year - Hong Kong 13 44 88 - Mainland China and other countries 1,722 654 459 (Over)/Under-provision in respect of prior years (41 ) 39 18 1,694 737 565 Deferred taxation (1,540 ) 6 2,259 Income tax expenses 154 743 2,824 Reconciliation between actual income tax expense and accounting profit at PRC statutory tax rate: Note 2016 2017 2018 Income before taxation 784 2,593 13,081 Expected income tax expense at PRC statutory tax rate of 25% 196 648 3,270 Impact of different tax rates outside Mainland China (14 ) (55 ) (47 ) Tax effect of preferential tax rate (i ) (68 ) (82 ) (91 ) Tax effect of non-deductible 191 300 421 Tax effect of non-taxable (38 ) (143 ) (150 ) Tax effect of non-taxable (ii ) 39 (133 ) (369 ) (Over)/Under-provision in respect of prior years (41 ) 39 18 Tax effect of unused tax losses not recognized, net of utilization (iii ) (45 ) 49 (162 ) Others (66 ) 120 (66 ) Actual tax expense 154 743 2,824 (i) According to the PRC enterprise income tax law and its relevant regulations, entities that are qualified as High and New Technology Enterprise under the tax law are entitled to a preferential income tax rate of 15%. Certain subsidiaries of the Group obtained the approval of High and New Technology Enterprise and were entitled to a preferential income tax rate of 15%. (ii) Adjustment to investment in associates represents the tax effect on share of net loss/(profit) of associates, including dilution gain, net of reversal of deferred tax assets on release of unrealized profit from transactions with Tower Company. (iii) As of December 31, 2018, the Group did not recognize deferred tax assets in respect of tax losses of approximately RMB1,313 million (2017: approximately RMB1,923 million), since it is not probable that future taxable profits will be available against which the deferred tax asset can be utilized. The tax losses can be carried forward for five years from the year incurred and hence will be expired by the year of 2023. As of December 31, 2018, the Group did not recognize deferred tax assets of RMB1,942 million (2017: RMB1,849 million) in respect of changes in fair value on financial assets through other comprehensive income, since it is not probable that the related tax benefit will be realized. The analysis of deferred tax assets and deferred tax liabilities are as follows: 2017 2018 Deferred tax assets: - Deferred tax asset to be recovered after 12 months 8,011 7,931 - Deferred tax asset to be recovered within 12 months 2,598 2,011 10,609 9,942 Deferred tax liabilities: - Deferred tax liabilities to be settled after 12 months (4,079 ) (5,770 ) - Deferred tax liabilities to be settled within 12 months (557 ) (771 ) (4,636 ) (6,541 ) Net deferred tax assets after offsetting 5,973 3,401 Deferred tax liabilities: - Deferred tax liabilities to be settled after 12 months (108 ) (111 ) - Deferred tax liabilities to be settled within 12 months — — (108 ) (111 ) Net deferred tax liabilities after offsetting (108 ) (111 ) The movement of the net deferred tax assets/(liabilities) is as follows: Note 2016 2017 2018 Net deferred tax assets after offsetting: - Balance at December 31, 2015, 2016 and 2017 5,642 5,986 5,973 - Impact on initial application of IFRS 15 — — (584 ) - Impact on initial application of IFRS 9 (2014) — — 265 - Balance at January 1, 2016, 2017 and 2018 5,642 5,986 5,654 - Deferred tax credited/ (charged) to the statements of income 1,635 (11 ) (2,256 ) - Deferred tax credited/ (charged) to other comprehensive income 13 (2 ) 3 - Reclassified from current taxes payable (i ) (1,304 ) — — - End of year 5,986 5,973 3,401 Net deferred tax liabilities after offsetting: - Beginning of year (18 ) (113 ) (108 ) - Deferred tax (charged)/ credited to the statements of income (95 ) 5 (3 ) - End of year (113 ) (108 ) (111 ) (i) On October 14, 2015, The Group disposed tower assets (“Tower Assets Disposal”) to Tower Company in exchange for cash and shares issued by Tower Company (see Note 4). According to the applicable tax laws issued by the Ministry of Finance (“MOF”) and the SAT of the PRC, the gain from Tower Assets Disposal in exchange for investment in Tower Company (“Qualified Income”) is, upon fulfilling the filing requirement with in-charge in-charge The components of the deferred tax assets/(liabilities) recognized in the consolidated statements of financial position and the movements during the year are as follows: Credit Unrecognized Deductible Accruals of Unrealized Accelerated (Note (iii) ) Gain from (Note (ii)) Contract costs Others Total Deferred tax arising from: At January 1, 2016 1,431 1,504 — 1,221 877 (992 ) — — 1,583 5,624 Credited/(Charged) to the statements of income 122 (53 ) 2,433 472 (90 ) (1,251 ) 186 — (279 ) 1,540 Credited to other comprehensive income — — — — — — — — 13 13 Reclassification of current tax payable — — — — — — (1,304 ) — — (1,304 ) At December 31, 2016 1,553 1,451 2,433 1,693 787 (2,243 ) (1,118 ) — 1,317 5,873 Credited/(Charged) to the statements of income 50 (48 ) (189 ) 861 (90 ) (1,627 ) 373 — 664 (6 ) Charged to other comprehensive income — — — — — — — — (2 ) (2 ) At December 31, 2017 1,603 1,403 2,244 2,554 697 (3,870 ) (745 ) — 1,979 5,865 Impact on initial application of IFRS 15 — — — — — — — (584 ) — (584 ) Impact on initial application of IFRS 9 265 — — — — — — — — 265 At January 1, 2018 1,868 1,403 2,244 2,554 697 (3,870 ) (745 ) (584 ) 1,979 5,546 (Charged)/Credited to the statements of income (154 ) (49 ) (941 ) 626 (252 ) (2,051 ) 373 355 (166 ) (2,259 ) Credited to other comprehensive income — — — — — — — — 3 3 At December 31, 2018 1,714 1,354 1,303 3,180 445 (5,921 ) (372 ) (229 ) 1,816 3,290 Deferred taxation as of year-end Note 2017 2018 Net deferred tax assets after offsetting: Deferred tax assets: Credit loss allowance 1,603 1,714 Unrecognized revaluation surplus on prepayments for the leasehold land determined under PRC regulations (i ) 1,403 1,354 Accruals of expenses not yet deductible for tax purpose 2,554 3,180 Deferred revenue on subscriber points reward program 183 203 Unrealized income for the inter-company transactions 120 153 Unrealized income from the transactions with Tower Company 697 445 Government grants related to assets 363 536 Intangible assets amortization difference 423 418 Deductible tax losses 2,244 1,303 Others 1,019 636 10,609 9,942 Deferred tax liabilities: Gain from Tower Assets Disposal (745 ) (372 ) Accelerated depreciation of property, plant and equipment (ii ) (3,870 ) (5,921 ) Contract costs — (229 ) Others (21 ) (19 ) (4,636 ) (6,541 ) 5,973 3,401 Net deferred tax liabilities after offsetting: Deferred tax liabilities: Accelerated depreciation for tax purpose (108 ) (111 ) (108 ) (111 ) (i) The prepayments for the leasehold land were revalued for PRC tax purposes as of December 31, 2003 and 2004. However, the resulting revaluations of the prepayments for the leasehold land were not recognized under IFRSs. Accordingly, deferred tax assets were recorded by the Group under IFRSs. (ii) According to “Announcement on Enterprise Income Tax Policy for Those Enterprise Involved in the Accelerated Depreciation of Property, Plant and Equipment” (Caishui [2014] No.75) issued by the MOF and the State Administration of Taxation (“SAT ”) of the PRC, starting from 2014, the Group’s property, plant and equipment that comply with this tax policy are allowed to be depreciated under the accelerated depreciation method, or fully deducted for tax purpose in the year of purchase. Temporary differences arise from the different useful life under tax basis and accounting basis have been recorded as deferred tax liabilities. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2018 | |
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Earnings Per Share | 14. EARNINGS PER SHARE Basic earnings per share for the years ended December 31, 2016, 2017 and 2018 were computed by dividing the income attributable to equity shareholders of the Company by the weighted average number of ordinary shares outstanding during the years. Diluted earnings per share for the years ended December 31, 2016, 2017 and 2018 were computed by dividing the income attributable to equity shareholders of the Company by the weighted average number of ordinary shares outstanding during the years, after adjusting for the effects of the dilutive potential ordinary shares. No dilutive potential ordinary shares for the years ended December 31, 2016, 2017 and 2018. The following table sets forth the computation of basic and diluted earnings per share: Note 2016 2017 2018 Numerator (in RMB millions): Income attributable to equity shareholders of the Company used in computing basic/diluted earnings per share 625 1,828 10,197 Denominator (in millions): Weighted average number of ordinary shares outstanding used in computing basic/diluted earnings per share (i) 23,947 24,567 30,598 Basic/Diluted earnings per share (in RMB) 0.03 0.07 0.33 (i) Weighted average number of ordinary shares 2016 2017 2018 (in millions) (in millions) (in millions) Issued ordinary shares at January 1 23,947 23,947 30,598 Effect of shares issued — 620 — Weighted average number of ordinary shares at December 31 23,947 24,567 30,598 |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2018 | |
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Property, Plant and Equipment | 15. PROPERTY, PLANT AND EQUIPMENT The movements of property, plant and equipment for the years ended December 31, 2017 and 2018 are as follows: 2017 Buildings Tele- Office furniture, motor vehicles and Leasehold CIP Total Cost: Beginning of year 67,140 876,452 20,007 4,035 78,905 1,046,539 Additions 129 293 426 290 41,510 42,648 Transfer from CIP 4,219 58,535 783 284 (63,821 ) — Transfer to other assets — — — — (4,376 ) (4,376 ) Disposals (411 ) (64,588 ) (1,046 ) (319 ) — (66,364 ) End of year 71,077 870,692 20,170 4,290 52,218 1,018,447 Accumulated depreciation and impairment: Beginning of year (29,174 ) (548,472 ) (14,986 ) (2,687 ) (105 ) (595,424 ) Charge for the year (2,765 ) (62,311 ) (1,386 ) (810 ) — (67,272 ) Disposals 225 59,384 928 308 — 60,845 End of year (31,714 ) (551,399 ) (15,444 ) (3,189 ) (105 ) (601,851 ) Net book value: End of year 39,363 319,293 4,726 1,101 52,113 416,596 Beginning of year 37,966 327,980 5,021 1,348 78,800 451,115 2018 Buildings Tele- Office furniture, motor vehicles and Leasehold CIP Total Cost: Beginning of year 71,077 870,692 20,170 4,290 52,218 1,018,447 Additions 136 469 396 135 43,574 44,710 Transfer from CIP 2,959 44,805 746 253 (48,763 ) — Transfer to other assets — — — — (4,723 ) (4,723 ) Disposals (296 ) (69,581 ) (1,232 ) (762 ) — (71,871 ) End of year 73,876 846,385 20,080 3,916 42,306 986,563 Accumulated depreciation and impairment: Beginning of year (31,714 ) (551,399 ) (15,444 ) (3,189 ) (105 ) (601,851 ) Charge for the year (2,712 ) (62,308 ) (1,271 ) (551 ) (13 ) (66,855 ) Disposals 204 64,496 1,156 762 — 66,618 End of year (34,222 ) (549,211 ) (15,559 ) (2,978 ) (118 ) (602,088 ) Net book value: End of year 39,654 297,174 4,521 938 42,188 384,475 Beginning of year 39,363 319,293 4,726 1,101 52,113 416,596 As of December 31, 2018, the net book value of assets held under finance leases was approximately RMB343 million (2017: approximately RMB789 million). For the year ended December 31, 2018, interest expense of approximately RMB534 million (2016: approximately RMB769 million; 2017: approximately RMB670 million) was capitalized to CIP. The capitalized borrowing rate represents the cost of capital for raising the related borrowings and varied from 3.16% to 3.61% for the year ended December 31, 2018 (2016: 3.33% to 3.79%; 2017: 3.21% to 3.88%). As a result of the Group’s ongoing modification of its telecommunications network and following subscribers’ voluntarily cross-network migration progress, the Group disposed certain property, plant and equipment with carrying amounts of RMB5,253 million for sales consideration of RMB1,105 million for the year ended December 31, 2018 (2016: RMB3,556 million and RMB3,201 million; 2017: RMB5,519 million and RMB2,030 million, respectively), resulting in a net loss of approximately RMB4,148 million for the year ended December 31, 2018 (2016: approximately RMB355 million; 2017: approximately RMB3,489 million). |
Lease Prepayments
Lease Prepayments | 12 Months Ended |
Dec. 31, 2018 | |
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Lease Prepayments | 16. LEASE PREPAYMENTS The Group’s long-term prepayment for land use rights represents prepaid operating lease payments for land use rights. The movement of lease prepayments for the years ended December 31, 2017 and 2018 are as follow: 2017 2018 Beginning of the year 9,436 9,313 Addition 186 282 Amortization (309 ) (305 ) End of the year 9,313 9,290 |
Goodwill
Goodwill | 12 Months Ended |
Dec. 31, 2018 | |
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Goodwill | 17. GOODWILL Goodwill arising from the acquisitions of Unicom New Century Telecommunications Co., Ltd. and Unicom New World Telecommunications Co., Ltd. by the Group in 2002 and 2003, respectively, represented the excess of the purchase consideration over the Group’s shares of the fair values of the separately identifiable net assets acquired. Goodwill is allocated to the Group’s cash-generating units (“CGU”). The recoverable amount of goodwill is determined based on value in use calculations. These calculations use pre-tax pre-tax |
Investments in Subsidiaries
Investments in Subsidiaries | 12 Months Ended |
Dec. 31, 2018 | |
Investments accounted for using equity method [abstract] | |
Investments in Subsidiaries | 18. INVESTMENTS IN SUBSIDIARIES As of December 31, 2018, the details of the Company’s subsidiaries are as follows: Name Place and date of incorporation /establishment and Percentage of Particular of issued share Principal activities and place of operation Direct Indirect China United Network Communications Corporation Limited (“CUCL”) The PRC, April 21, 2000, limited liability company 100 % — RMB 213,044,797,828 Telecommunications operation in the PRC China Unicom Global Limited Hong Kong, May 29,2015, limited company 100 % — HKD 2,625,097,491 Investment holding China Unicom (Hong Kong) Operations Limited Hong Kong, May 24, 2000, limited company — 100 % HKD 1,510,100,000 Telecommunications service in Hong Kong China Unicom (Americas) Operations Limited USA, May 24, 2002, limited company — 100 % 5,000 shares, USD100 each Telecommunications service in the USA China Unicom (Europe) Operations Limited The United Kingdom, November 8, 2006, limited company — 100 % 4,861,000 shares, GBP1 each Telecommunications operation in the United Kingdom China Unicom (Japan) Operations Corporation Japan, January 25, 2007, limited company — 100 % 1,000 shares, JPY366,000 each Telecommunications operation in Japan China Unicom (Singapore) Operations Pte Limited Singapore, August 5, 2009, limited company — 100 % 30,000,000 shares, RMB1 each Telecommunications operation in Singapore China Unicom (South Africa) Operations (Pty) Limited South Africa, November 19, 2012, limited liability company — 100 % 100 shares, Telecommunications operation in South Africa China Unicom (MYA) Operations Company Limited The Republic of the Union of Myanmar (“Myanmar”), June 7, 2013, limited liability company 30 % 70 % 2,150,000 shares, USD1 each Communications technology training in Myanmar China Unicom (Australia) Operations Pty Limited Australia, May 27, 2014, limited liability company — 100 % 4,350,000 shares, AUD 1 each Telecommunications operation in Australia China Unicom (Russia) Operations Limited Liability Company Russia, December 28, 2016, limited liability company — 100 % RUB10,000 Telecommunications service in Russia Name Place and date of incorporation /establishment and Percentage of Particulars of capital/paid up capital Principal activities and place of operation Direct Indirect China Unicom (Brazil) Telecommunications Limited Brazil, June 23, 2016, limited liability company — 100 % R$ 21,165,840 Telecommunications service in Brazil China Unicom (Brazil) Holdings Ltda. Brazil, October 27, 2017 , limited liability company — 100 % R$ 21,277,298 Investment holding China Unicom Operations (Thailand) Limited Thailand, November 20, 2017, limited liability company — 100 % 20,000 shares, Baht100 each Telecommunications service in Thailand China Unicom Operations (Malaysia) Sdn. Bhd Malaysia, November 10, 2017, limited liability company — 100 % 10,000 shares, MYR1 each Telecommunications service in Malaysia China Unicom Operations Korea Co., Ltd Korea, November 24, 2017, limited liability company — 100 % 60,000 shares, KRW5,000 each Telecommunications service in Korea China Unicom (Vietnam) Operations Company Limited Vietnam, April 19, 2018, limited liability company — 100 % VND 2,276,000,000 Telecommunications service in Vietnam China Unicom Operations (Cambodia) Operations Co.Ltd Cambodia, May 11, 2018, limited liability company — 100 % 10,000 shares, Riels4,000 each Telecommunications service in Cambodia Unicom Vsens Telecommunications Company Limited The PRC, August 19, 2008, limited liability company — 100 % RMB 610,526,500 Sales of handsets, telecommunication equipment and provision of technical services in the PRC China Unicom System Integration Limited Corporation The PRC, April 30, 2006, limited liability company — 100 % RMB 932,200,000 Provision of information communications technology services in the PRC China Unicom Online Information Technology Company Limited The PRC, March 29, 2006, limited liability company — 100 % RMB 400,000,000 Provision of internet information services and value-added telecommunications services in the PRC Beijing Telecom Planning and Designing Institute Company Limited The PRC, April 25, 1996, limited liability company — 100 % RMB 264,227,115 Provision of telecommunications network construction, planning and technical consulting services in the PRC Name Place and date of incorporation /establishment and nature of legal entity Percentage of Particular of up capital Principal activities and place of operation Direct Indirect China Information Technology Designing & Consulting Institute Company Limited The PRC, November 11, 1991, limited liability company — 100 % RMB 430,000,000 Provision of consultancy, survey, design and contract services relating to information projects and construction projects in the telecommunications industry in the PRC China Unicom Information Navigation Company Limited The PRC, September 17, 1998, limited liability company — 100 % RMB 6,825,087,800 Provision of customer services in the PRC Huaxia P&T Project Consultation and Management Company Limited The PRC, March 5, 1998, limited liability company — 100 % RMB 50,100,000 Provision of project consultation and management service in the PRC Zhengzhou Kaicheng Industrial Company Limited The PRC, December 21, 2005, limited liability company — 100 % RMB 2,200,000 Provision of property management services in the PRC Unicompay Company Limited The PRC, April 11, 2011, limited liability company — 100 % RMB 250,000,000 Provision of e-payment Beijing Wo Digital Media Advertising Co., Ltd The PRC, July 21, 2006, limited liability company — 100 % RMB 20,000,000 Provision of advertising design, production, agency and publication in the PRC Unicom Horizon Mobile Communications Company Limited(“Unicom Horizon”) The PRC, February 14, 2001, limited liability company — 100 % RMB 40,233,739,557 Provision of lease service of telecommunications networks in the PRC Place and date of incorporation /establishment and Percentage of Particular of up capital Principal activities and place of operation Name Direct Indirect Unicom Cloud Data Company Limited The PRC, June 4, 2013, limited liability company — 100 % RMB 2,854,851,100 Provision of technology development, transfer and consulting service in the PRC Unicom Innovation Investment Company Limited The PRC, April 29, 2014, limited liability company — 100 % RMB 740,000,000 Venture capital investment business in the PRC Xiaowo Technology Co. Ltd The PRC, October 24, 2014, limited liability company — 100 % RMB 200,000,000 Communications technology development and promotion in the PRC China Unicom Smart Connection Technology Company Limited The PRC, August 7, 2015, limited liability company — 100 % RMB 170,000,000 Auto informatization in the PRC Unicom Intelligent Network Ruixing Technology (Beijing) Co., Ltd. The PRC September 26, 2018, limited liability company — 80 % RMB 10,000,000 Provision of technology promotion service of intelligent transportation system’s products in the PRC Unicom Intelligent Vehicle Technology (Shanghai) Co., Ltd The PRC September 28, 2018, limited liability company — 100 % Not Provision of technology development, technology consultation and other services in the PRC Finance Company The PRC, June 17, 2016, limited liability company — 91 % RMB 3,000,000,000 Provision of financial services in the PRC China Unicom Innovation Investment Company (Shenzhen) Limited The PRC, January 28, 2016, limited liability company — 100 % Not Venture capital investment business in the PRC China Unicom Innovation Investment Company (Guizhou) Limited The PRC, October 8, 2016, limited liability company — 60 % RMB 1,000,000 Venture capital investment business in the PRC China Unicom Innovation Investment (Shenzhen) Investment Center The PRC, February 1, 2016, limited partnership — 100 % RMB 28,500,000 Venture capital investment business in the PRC Unicom Big Data Co., Ltd. The PRC, August 24, 2017, limited liability company — 100 % RMB 165,000,000 Provision of data processing service in the PRC Place and date of incorporation /establishment and Percentage of Particular of Principal activities and place of operation Name Direct Indirect Liantong Travel Service (Beijing) Company Limited The PRC, September 30, 2017, limited liability company — 100 % RMB 12,000,000 Provision of tourism and information services in the PRC China Unicom (Guangdong Branch) Internet Industry Limited The PRC, January 5, 2017, limited liability company — 100 % RMB 100,000,000 Provision of information communications technology services in the PRC China Unicom (Zhejiang) Industry Internet Company Limited The PRC, June 20, 2017, limited liability company — 100 % RMB 11,000,000 Provision of information communications technology services in the PRC China Unicom (ShanDong) Industrial Internet Company Limited The PRC, March 3, 2017, limited liability company — 100 % RMB 50,000,000 Provision of information communications technology services in the PRC China Unicom (Fujian) Industrial Internet Company Limited The PRC, February 23, 2018, limited liability company — 100 % RMB 50,000,000 Provision of information communications technology services in the PRC China Unicom (Shanxi) Industrial Internet Company Limited The PRC, March 21, 2018, limited liability company — 100 % RMB 20,000,000 Provision of information communications technology services in the PRC China Unicom Xiongan Industrial Internet Company Limited The PRC, April 25, 2018, limited liability company — 100 % RMB 15,000,000 Provision of information communications technology services in the PRC China Unicom (Sichuan) Industrial Internet Company Limited The PRC, March 29, 2018, limited liability company — 100 % RMB 50,000,000 Provision of information communications technology services in the PRC China Unicom (Liaoning) Industrial Internet Company Limited The PRC, March 28, 2018, limited liability company — 100 % RMB 5,000,000 Provision of information communications technology services in the PRC China Unicom (Shaanxi) Industrial Internet Company Limited The PRC, March 27, 2018, limited liability company — 100 % RMB 20,000,000 Provision of information communications technology services in the PRC Place and date of incorporation /establishment and nature of legal entity Percentage of Particular of Principal activities and place of operation Name Direct Indirect China Unicom (Jiangsu) Industrial Internet Company Limited The PRC, May 9, 2018, limited liability company — 100 % RMB 26,200,000 Provision of information communications technology services in the PRC China Unicom (Shanghai) Industrial Internet Company Limited The PRC, March 13, 2018, limited liability company — 100 % RMB 20,000,000 Provision of information communications technology services in the PRC China Unicom (Heilongjiang) Industrial Internet Company Limited The PRC, March 14, 2018, limited liability company — 100 % RMB 15,000,000 Provision of information communications technology services in the PRC China Unicom Video Technology Co., Ltd. The PRC, January 17, 2018, limited liability company — 100 % RMB 100,000,000 Provision of technology research and development, consultation and services of TV Video and Mobile Video in the PRC China Unicom Internet of Things Corporation Limited The PRC, March 16, 2018, limited liability company — 100 % RMB 107,000,000 Online Data Processing and Transaction Business in the PRC China Unicom High-tech Big Data Artificial Intelligence Technology (Chengdu) Co., Ltd. The PRC, March 29, 2018, limited liability company — 100 % RMB 10,000,000 Provision of Big Data Service in the PRC China Unicom iRead Science and Culture, Co., Ltd. The PRC, April 28, 2018, limited liability company — 100 % RMB 51,000,000 Provision of Online Video, Online Reading Material in the PRC China Unicom WO Music & Culture Co., Ltd. The PRC, May 8, 2018, limited liability company — 100 % RMB 100,000,000 Provision of Network Music Service in the PRC China Unicom Leasing Co., Ltd. The PRC, April 11, 2018, limited liability company 25 % 75 % RMB 2,000,000,000 Provision of Financing leasing business in the PRC |
Interest in Associates
Interest in Associates | 12 Months Ended |
Dec. 31, 2018 | |
Investments accounted for using equity method [abstract] | |
Interest in Associates | 19. INTEREST IN ASSOCIATES 2017 2018 Share of net assets 33,233 35,758 The following list contains the particulars of a material associate: Name Form of Place of Proportion of Paid up capital Principal activities Tower Company Incorporated The PRC 20.65 % RMB 176,008,471,024 Construction, maintenance and operation of communications towers in the PRC (Note 44.2) The above associate is accounted for using the equity method in the consolidated financial statements. In August 2018, Tower Company was listed on the SEHK and issued new shares in connection there of, which resulted in a decrease in the Group’s shareholding percentage in Tower Company from 28.1% to 20.65%. The associated dilution has resulted in an increase in the Group’s share of net profit of associates accounted for under equity method by RMB793 million and a one-off Summarized financial information of the material associate, adjusted for any differences in accounting policies, and reconciled to the carrying amount in the consolidated financial statements, are disclosed below: Tower Company 2017 2018 Current assets 30,517 31,799 Non-current 292,126 283,565 Current liabilities (150,041 ) (114,759 ) Non-current (45,107 ) (20,103 ) Equity (127,495 ) (180,502 ) Revenue 68,665 71,819 Income for the year 1,943 2,650 Total comprehensive income for the year 1,943 2,650 Reconciled to the Group’s interest in the associate: Net assets of the associate 127,495 180,502 The Group’s effective interest 28.1 % 20.65 % 35,826 37,278 Adjustment for the remaining balance of the deferred gain from the Group’s Tower Assets Disposal (2,784 ) (1,780 ) Carrying amount in the consolidated financial statements 33,042 35,498 The fair values of the interests in Tower Company is based on quoted market prices (level 1: quoted price (unadjusted) in active markets) at the financial position date without any deduction for transaction costs and disclosed as follows: As of December 31, 2018 Carrying amount Million Fair value Million Tower Company 35,498 53,792 Interest in listed associate 35,498 53,792 |
Interest in Joint Ventures
Interest in Joint Ventures | 12 Months Ended |
Dec. 31, 2018 | |
Investments accounted for using equity method [abstract] | |
Interest in Joint Ventures | 20. INTEREST IN JOINT VENTURES 2017 2018 Share of net assets 2,368 3,966 The following list contains the particulars of a material joint venture, which is unlisted corporate entity which has no available quoted market price: Name Form of Place of Proportion of Paid up capital Principal Merchants Union Consumer Finance Company Limited (“MUCFC”) Incorporated The PRC 50 % RMB 3,868,960,000 Consumer Summarized financial information of the material joint venture, adjusted for any differences in accounting policies, and reconciled to the carrying amount in the consolidated financial statements, are disclosed below: MUCFC 2017 2018 Assets 46,980 74,748 Liabilities (42,339 ) (66,854 ) Equity (4,641 ) (7,894 ) Revenue 4,163 6,956 Income for the year 1,189 1,253 Total comprehensive income for the year 1,189 1,253 Included in above income: Interest income 5,593 9,887 Interest expense (1,516 ) (3,079 ) Income tax expense (383 ) (391 ) Reconciled to the Group’s interests in the joint venture: Net assets of the joint venture 4,641 7,894 The Group’s effective interest 50% 50% Carrying amount in the consolidated financial statements 2,321 3,947 |
Contract Assets and Contract Li
Contract Assets and Contract Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Contract Assets and Contract Liabilities | 21. CONTRACT ASSETS AND CONTRACT LIABILITIES (a) Contract assets: December 31, 2017 January 1, 2018 December 31, 2018 Receivables for the sales of mobile handsets, net of allowance — 2,974 1,824 Less: Current portion — 2,221 1,254 — 753 570 The Group offers preferential packages to the customers which include the bundle sales of mobile handsets and provision of service. The total contract consideration of such preferential packages is allocated to service revenue and sales of handsets based on their standalone selling prices. The revenue relating to the sale of the handsets is recognized when the titles are passed to the customers and the consideration allocated to the sales of mobile handsets is gradually received during the contract period when the customers pay the monthly package fee. Before January 1, 2018, the Group recognized such consideration outstanding from the customers in “Prepayments and other current assets” and “Other assets”. As stated in Note 2.2 (c)(iii), upon the adoption of IFRS 15 from January 1, 2018, the outstanding balance of such consideration was reclassified to contract assets as the Group’s right to receive this balance is conditional on the provision of services. (b) Contract liabilities Note December 31, 2017 January 1, 2018 December 31, 2018 Advances received from customers for future services (i ) — 45,329 41,567 Others — 1,093 1,083 — 46,422 42,650 (i) Contract liabilities primarily arises from relates to the considerations received from customers before the Group satisfying performance obligations. It would be recognized as revenue upon the rendering of services. Approximately 96% of the contract liability balance as of January 1, 2018 was recognized as revenue during the year. |
Contract Costs
Contract Costs | 12 Months Ended |
Dec. 31, 2018 | |
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Contract Costs | 22. CONTRACT COSTS Note December 31, 2017 January 1, 2018 December 31, 2018 Direct incremental costs of broadband and IPTV service (i ) — 4,522 3,785 Sales commissions (ii ) — 2,334 1,847 — 6,856 5,632 (i) Direct incremental costs for activating broadband and IPTV subscribers mainly include the costs of installing broadband and IPTV terminals at customer’s homes for the provision of broadband and IPTV services, and are amortized over the expected service period. As stated in Note 2.2 (c)(iii), such costs are presented as other assets before January 1, 2018. Upon the adoption of IFRS 15, the unamortized balance of such costs are presented as contract costs. The amount of capitalized direct incremental costs for activating broadband and IPTV subscribers recognized in profit or loss during the year was RMB4,044 million. The amount of capitalized direct incremental costs for activating broadband and IPTV subscribers that is expected to be recovered after more than one year is RMB1,417 million. (ii) Sales commissions are paid to agents whose selling activities resulted in new customers entering into contracts with the Group. As stated in Note 2.2 (c)(iii), such costs are recognized as other operating expenses when they were incurred before January 1, 2018. Upon the adoption of IFRS 15, the Group is required to capitalize these sales commissions as costs of obtaining contracts when they are incremental and are expected to be recovered, unless the expected amortization period is one year or less from the date of initial recognition of the asset. The amount of capitalized sales commissions recognized in profit or loss during the year was RMB1,642 million. There was no significant impairment in relation to the opening balance of capitalized costs or the costs capitalized during the year. The amount of capitalized sales commissions that is expected to be recovered after more than one year is RMB683 million. |
Financial Assets at Fair Value
Financial Assets at Fair Value through Other Comprehensive Income | 12 Months Ended |
Dec. 31, 2018 | |
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Financial Assets at Fair Value through Other Comprehensive Income | 23. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 2017 2018 Listed in the PRC 158 147 Listed outside the PRC 4,070 3,698 Unlisted 58 58 4,286 3,903 For the year ended December 31, 2018, decrease in fair value of financial assets at fair value through other comprehensive income amounted to approximately RMB383 million (2016: decrease of approximately RMB544 million; 2017: decrease of approximately RMB56 million). The decrease, net of tax impact, of approximately RMB381 million (2016: decrease, together with tax impact, of approximately RMB530 million; 2017: decrease, net of tax impact, of approximately RMB58 million) has been recorded in the consolidated statements of comprehensive income. |
Other Assets
Other Assets | 12 Months Ended |
Dec. 31, 2018 | |
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Other Assets | 24. OTHER ASSETS Note 2017 2018 Intangible assets (i) 10,988 11,156 Prepaid rental for premises, transmission lines and electricity cables 2,812 2,260 Direct incremental costs for activating broadband and IPTV subscribers 22 4,522 — Receivables for sales of mobile handsets, net of allowance 21 (a) 753 — VAT recoverable (ii) 596 424 Others 1,050 805 20,721 14,645 (i) Intangible assets Computer software Others Total Cost: At January 1, 2017 25,221 2,076 27,297 Additions 42 2 44 Transfer from CIP 3,222 568 3,790 Disposals (1,327 ) (60 ) (1,387 ) At December 31, 2017 27,158 2,586 29,744 Additions 170 581 751 Transfer from CIP 3,693 405 4,098 Disposals (2,065 ) (167 ) (2,232 ) At December 31, 2018 28,956 3,405 32,361 Accumulated amortization and impairment: At January 1, 2017 (15,225 ) (952 ) (16,177 ) Amortization charge for the year (3,657 ) (290 ) (3,947 ) Disposals 1,323 45 1,368 At December 31, 2017 (17,559 ) (1,197 ) (18,756 ) Amortization charge for the year (4,220 ) (413 ) (4,633 ) Disposals 2,034 150 2,184 At December 31, 2018 (19,745 ) (1,460 ) (21,205 ) Net book value: At December 31, 2018 9,211 1,945 11,156 At December 31, 2017 9,599 1,389 10,988 (ii) VAT recoverable includes input VAT and prepaid VAT which will likely be deducted beyond one year. VAT recoverable which will be deducted within one year are included in prepayments and other current assets (see Note 27(i)). |
Inventories and Consumables
Inventories and Consumables | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Inventories and Consumables | 25. INVENTORIES AND CONSUMABLES 2017 2018 Handsets and other telecommunication products 2,005 2,111 Consumables 24 27 Others 210 250 2,239 2,388 |
Accounts Receivable
Accounts Receivable | 12 Months Ended |
Dec. 31, 2018 | |
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Accounts Receivable | 26. ACCOUNTS RECEIVABLE 2017 2018 Accounts receivable 19,174 21,142 Less: Credit loss allowance (5,210 ) (6,709 ) 13,964 14,433 The gross carrying amount of accounts receivable from contracts with customers amounted to RMB21,053 million as of December 31, 2018. The aging analysis of accounts receivable, based on the billing date and net of credit loss allowance, is as follows: 2017 2018 Within one month 7,184 8,158 More than one month to three months 2,763 2,285 More than three months to one year 2,737 2,843 More than one year 1,280 1,147 13,964 14,433 The normal credit period granted by the Group to individual subscribers and general corporate customers is thirty days from the date of billing unless they meet certain specified credit assessment criteria. For major corporate customers, the credit period granted by the Group is based on the service contract terms, normally not exceeding one year. There is no significant concentration of credit risk with respect to customers receivables, as the Group has a large number of customers. The Group measures loss allowances for account receivables at an amount equal to lifetime ECLs, which is calculated using a provision matrix. As the Group’s historical credit loss experience indicate that there are different loss patterns for different customer types, the loss allowance based on past due status is distinguished between the Group’s different customer types. The following table provides information about the Group’s exposure to credit risk and ECLs for account receivables as of December 31,2018: For individual subscribers and general corporate customers Expected Gross carrying Loss Current (not past due) 7 % 3,202 (212 ) 1 - 90 days past due 50 % 1,395 (702 ) 91 - 180 days past due 90 % 862 (776 ) More than 180 days past due 100 % 2,188 (2,188 ) 7,647 (3,878 ) For major corporate customers Expected Gross carrying Loss Current (not past due) 4 % 7,539 (286 ) Within 1 year past due 13 % 3,141 (404 ) 1 - 2 years past due 47 % 1,063 (500 ) 2 - 3 years past due 88 % 549 (485 ) More than 3 years past due 96 % 1,203 (1,156 ) 13,495 (2,831 ) Expected loss rates are based on actual loss experience over past years. These rates are adjusted to reflect differences between economic conditions during the period over which the historic data has been collected, current conditions and the Group’s view of economic conditions over the expected lives of the receivables. Comparative information under IFRS 9 (2010) Prior to January 1, 2018, an impairment loss was recognized only when there was objective evidence of impairment. The Group makes a full or partial allowance against those accounts receivable based on its past experience, historical collection patterns, subscribers’ creditworthiness and collection trends. As of December 31, 2017, accounts receivable of approximately RMB10,284 million were neither past due nor impaired. Accounts receivable of approximately RMB1,314 million were past due but not impaired. The aging analysis of these receivables is as follows: 2017 More than one month to three months 926 More than three months to one year 105 More than one year 283 1,314 The movement in the credit loss allowance in respect of accounts receivable during the year, is as follows: 2016 2017 2018 Balance, beginning of year 4,910 5,466 5,210 Impact on initial application of IFRS 9 (2014) (Note2.2(c) (ii)) — — 1,118 Allowance for the year 3,999 3,325 3,300 Written-off (3,443 ) (3,581 ) (2,919 ) Balance, end of year 5,466 5,210 6,709 The creation and release of allowance for impaired receivables have been recognized in the consolidated statements of income. Amounts charged to the allowance account are generally written-off The maximum exposure to credit risk as of the statements of financial position date is the carrying value of accounts receivable mentioned above. The Group does not hold any collateral as security. |
Prepayments and Other Current A
Prepayments and Other Current Assets | 12 Months Ended |
Dec. 31, 2018 | |
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Prepayments and Other Current Assets | 27. PREPAYMENTS AND OTHER CURRENT ASSETS The nature of prepayments and other current assets, net of credit loss allowance, are as follows: Note 2017 2018 Receivables for the sales of mobile handsets, net of allowance 21 (a) 2,221 — Prepaid rental 2,305 2,207 Deposits and prepayments 1,579 1,847 Advances to employees 20 22 VAT recoverable (i) 4,948 4,568 Prepaid enterprise income tax 438 312 Others 2,290 2,150 13,801 11,106 (i) VAT recoverable includes the input VAT and prepaid VAT that can be deducted within one year. Prepayments and other current assets are expected to be recovered or recognized as expenses within one year. As of December 31, 2018, there was no significant impairment for the prepayments and other current assets. |
Short-term Bank Deposits and Re
Short-term Bank Deposits and Restricted Deposits | 12 Months Ended |
Dec. 31, 2018 | |
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Short-term Bank Deposits and Restricted Deposits | 28. SHORT-TERM BANK DEPOSITS AND RESTRICTED DEPOSITS Note 2017 2018 Bank deposits with maturity exceeding three months 3,124 34 Statutory reserve deposits (i ) 2,197 2,877 Restricted deposits 205 809 5,526 3,720 (i) In order to carry on its business, Finance Company placed statutory reserve deposits with the People’s Bank of China according to “Notice of the People’s Bank of China on Implementing the Average Method to Assess Deposit Reserves” (Yinfa [2015] No.289). These statutory reserve deposits are not available for use by the Group in daily operations. |
Cash And Cash Equivalents And O
Cash And Cash Equivalents And Other Cash Flow Information | 12 Months Ended |
Dec. 31, 2018 | |
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Cash And Cash Equivalents And Other Cash Flow Information | 29. CASH AND CASH EQUIVALENTS AND OTHER CASH FLOW INFORMATION (a) Cash and cash equivalents 2017 2018 Cash at bank and in hand 32,836 30,060 (b) Reconciliation of liabilities arising from financing activities The table below details changes in the Group’s liabilities from financing activities, including both cash and non-cash Short-term Long-term Commercial Promissory notes Corporate Finance lease Other Total (Note 38) (Note 33) (Note 39) (Note 34) (Note 35) (Note (Note 44) At January 1, 2017 76,994 4,656 35,958 36,882 19,970 794 2,397 177,651 Changes from financing cash flows: Proceeds from commercial papers — — 26,941 — — — — 26,941 Proceeds from short-term bank loans 117,571 — — — — — — 117,571 Proceeds from long-term bank loans — 1,549 — — — — — 1,549 Loans from ultimate holding company — — — — — — 5,237 5,237 Loans from related parties — — — — — — 535 535 Repayment of commercial papers — — (54,000 ) — — — — (54,000 ) Repayment of short-term bank loans (172,065 ) — — — — — — (172,065 ) Repayment of long-term bank loans — (2,686 ) — — — — — (2,686 ) Repayment of ultimate holding company loan — — — — — — (3,893 ) (3,893 ) Repayment of related parties loan — — — — — — (60 ) (60 ) Repayment of finance lease — — — — — (695 ) — (695 ) Repayment of promissory notes — — — (19,000 ) — — — (19,000 ) Repayment of corporate bonds — — — — (2,000 ) — — (2,000 ) Payment of issuing expense for promissory notes — — — (82 ) — — — (82 ) Net withdrawal by Unicom Group and its subsidiaries from Finance Company — — — — — — (112 ) (112 ) Net deposits from a joint venture with Finance Company — — — — — — 12 12 Total changes from financing cash flows (54,494 ) (1,137 ) (27,059 ) (19,082 ) (2,000 ) (695 ) 1,719 (102,748 ) Exchange adjustments — (13 ) — — — — — (13 ) Other changes: New financing leases — — — — — 573 — 573 Finance charges on obligations under finance leases — — — — — 20 — 20 Interest expenses — 377 92 160 11 — — 640 Total other changes — 377 92 160 11 593 — 1,233 At December 31, 2017 22,500 3,883 8,991 17,960 17,981 692 4,116 76,123 Short-term Long-term Commercial Promissory notes Corporate Finance lease Other Total (Note 38) (Note 33) (Note 39) (Note 34) (Note 35) (Note 37(b)) (Note 44) At January 1, 2018 22,500 3,883 8,991 17,960 17,981 692 4,116 76,123 Changes from financing cash flows: Proceeds from short-term bank loans 53,306 — — — — — — 53,306 Loans from related parties — — — — — — 3,090 3,090 Repayment of commercial papers — — (9,000 ) — — — — (9,000 ) Repayment of short-term bank loans (60,730 ) — — — — — — (60,730 ) Repayment of long-term bank loans — (435 ) — — — — — (435 ) Repayment of ultimate holding company loan — — — — — — (1,344 ) (1,344 ) Repayment of related parties loan — — — — — — (475 ) (475 ) Repayment of finance lease — — — — — (493 ) — (493 ) Repayment of promissory notes — — — (18,000 ) — — — (18,000 ) Payment of issuing expense for promissory notes — — — (67 ) — — — (67 ) Net withdrawal by Unicom Group and its subsidiaries from Finance Company — — — — — — 2,354 2,354 Total changes from financing cash flows (7,424 ) (435 ) (9,000 ) (18,067 ) — (493 ) 3,625 (31,794 ) Exchange adjustments 9 77 — — — — — 86 Other changes: New financing leases — — — — — 10 — 10 Interest expenses — 89 9 107 12 31 — 248 Total other changes — 89 9 107 12 41 — 258 At December 31, 2018 15,085 3,614 — — 17,993 240 7,741 44,673 |
Share Capital
Share Capital | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Share Capital | 30. SHARE CAPITAL Issued and fully paid: Note Number of shares millions Share capital At January 1, 2016 and at December 31, 2016 23,947 179,102 Shares issued 1 6,651 74,954 At December 31, 2017 and 2018 30,598 254,056 On November 28, 2017, the Company issued 6,651,043,262 new shares to Unicom BVI in return for a cash consideration of RMB74,954 million. |
Reserves
Reserves | 12 Months Ended |
Dec. 31, 2018 | |
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Reserves | 31. RESERVES (a) Nature and purpose (i) Statutory reserves CUCL is registered as a foreign investment enterprise in the PRC. In accordance with the Articles of Association, it is required to provide for certain statutory reserves, namely, general reserve fund and staff bonus and welfare fund, which are appropriated from income after tax and non-controlling CUCL is required to allocate at least 10% of its income after tax and non-controlling Accordingly, CUCL appropriated approximately RMB52 million (2017: approximately RMB50 million) to the general reserve fund for the year ended December 31, 2018. Appropriation to the staff bonus and welfare fund is made at the discretion of the Board of Directors. The staff bonus and welfare fund can only be used for special bonuses or the collective welfare of the employees and cannot be distributed as cash dividends. Under IFRSs, the appropriations to the staff bonus and welfare fund are charged to the statements of income as expenses incurred since any assets acquired through this fund belong to the employees. For the years ended December 31, 2016, 2017 and 2018, no appropriation to staff bonus and welfare fund has been made by CUCL. According to the PRC tax approval document issued by the MOF and the SAT of the PRC, the upfront connection fees were not subject to the PRC enterprise income tax and an amount equal to the upfront connection fees recognized in the retained profits had been transferred from retained profits to the statutory reserve. As of December 31, 2011, an accumulated appropriation of approximately RMB12,289 million was made to the statutory reserve and no more upfront connection fees are recognized afterwards. (ii) General risk reserve CUCL and Unicom Group established the Finance Company to provide certain financial services. Pursuant to “Requirements on Impairment Allowance for Financial Institutions” (Caijin [2012] No. 20) issued by the MOF which effective on July 1, 2012 (the “Document”), the Finance Company establishes a general risk reserve within the shareholders’ equity, through appropriation of retained profits, to address unidentified potential losses relating to risk assets. The general risk reserve balance should not be less than 1.5% of the ending balance of risk assets, as defined in the Document. (iii) Investment revaluation reserve The investment revaluation reserve represents the changes in fair value of financial assets through other comprehensive income, net of tax, until the financial assets are derecognized. (iv) Other reserve Other reserve mainly represents the difference between the consideration and the net assets value for business combination of entities and businesses under common control, the effect of CUCL’s capitalization of retained profits, and capital contribution relating to share-based payment borne by A Share Company. |
Dividends
Dividends | 12 Months Ended |
Dec. 31, 2018 | |
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Dividends | 32. DIVIDENDS At a meeting held on March 15, 2017, the Board of the Directors of the Company resolved not to pay a final dividend for the year ended December 31, 2016. At the annual general meeting held on May 11, 2018, the shareholders of the Company approved the payment of a final dividend of RMB0.052 per ordinary share for the year ended December 31, 2017, totaling approximately RMB1,591 million which has been reflected as a reduction of retained profit for the year ended December 31, 2018. At a meeting held on March 13, 2019, the Board of Directors of the Company proposed the payment of a final dividend of RMB0.134 per ordinary share to the shareholders for the year ended December 31, 2018 totaling approximately RMB4,100 million. This proposed dividend has not been reflected as a dividend payable in the financial statements as of December 31, 2018, but will be reflected in the financial statements for the year ending December 31, 2019. 2017 2018 Proposed final dividend: RMB0.134 (2017: RMB0.052) per ordinary share by the Company 1,591 4,100 Pursuant to the PRC enterprise income tax law, a 10% withholding income tax is levied on dividends declared on or after January 1, 2008 by foreign investment enterprises to their foreign enterprise shareholders unless the enterprise investor is deemed as a PRC Tax Resident Enterprise (“TRE”). On November 11, 2010, the Company obtained an approval from the SAT of the PRC, pursuant to which the Company qualifies as a PRC TRE from January 1, 2008. Therefore, as of December 31, 2017 and 2018, the Company’s subsidiaries in the PRC did not accrue for withholding tax on dividends distributed to the Company and there has been no deferred tax liability accrued in the Group’s consolidated financial statements for the undistributed profits of the Company’s subsidiaries in the PRC. For the Company’s non-PRC non-PRC |
Long-Term Bank Loans
Long-Term Bank Loans | 12 Months Ended |
Dec. 31, 2018 | |
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Long-Term Bank Loans | 33. LONG-TERM BANK LOANS Interest rates and final maturity 2017 2018 RMB denominated bank loans Fixed interest rates ranging from 1.08 % to 1.20% (2017: 1.08% to 1.20%) per annum with maturity through 2036 (2017: maturity through 2036) 3,533 3,300 USD denominated bank loans Fixed interest rates ranging from Nil to 1.55% (2017: Nil to 1.55%) per annum with maturity through 2039 (2017: maturity through 2039) 278 252 Euro denominated bank loans Fixed interest rates ranging from 1.10% to 2.50% (2017: 1.10% to 2.50%) per annum with maturity through 2034 (2017: maturity through 2034) 72 62 Sub-total 3,883 3,614 Less: Current portion (410 ) (441 ) 3,473 3,173 As of December 31, 2018, long-term bank loans of approximately RMB96 million (2017: approximately RMB105 million) were guaranteed by third parties. The repayment schedule of the long-term bank loans is as follows: 2017 2018 Balances due: - no later than one year 410 441 - later than one year and no later than two years 423 417 - later than two years and no later than five years 1,175 1,173 - later than five years 1,875 1,583 3,883 3,614 Less: Portion classified as current liabilities (410 ) (441 ) 3,473 3,173 |
Promissory Notes
Promissory Notes | 12 Months Ended |
Dec. 31, 2018 | |
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Promissory Notes | 34. PROMISSORY NOTES On June 15, 2015, CUCL issued tranche one of 2015 promissory notes in an amount of RMB4 billion, with a maturity period of 3 years from the date of issue and which carries interest at 3.85% per annum, and was fully repaid in June 2018. On June 18, 2015, CUCL issued tranche two of 2015 promissory notes in an amount of RMB4 billion, with a maturity period of 3 years from the date of issue and which carries interest at 3.85% per annum, and was fully repaid in June 2018. On November 30, 2015, CUCL issued tranche three of 2015 promissory notes in an amount of RMB3.5 billion, tranche four of 2015 promissory notes in an amount of RMB3.5 billion and tranche five of 2015 promissory notes in an amount of RMB3 billion, all with a maturity period of 3 years from the date of issue and which carries interest at 3.30% per annum, and was fully repaid in November 2018. |
Corporate Bonds
Corporate Bonds | 12 Months Ended |
Dec. 31, 2018 | |
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Corporate Bonds | 35. CORPORATE BONDS On June 7, 2016, the Group issued RMB7 billion 3-year 5-year On July 14, 2016, the Group issued RMB10 billion 3-year |
Deferred Revenue
Deferred Revenue | 12 Months Ended |
Dec. 31, 2018 | |
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Deferred Revenue | 36. DEFERRED REVENUE Deferred revenue mainly represents the unused portion of subscriber points and the unamortized portion of government grants. 2017 2018 Balance at December 31, 2016 and 2017 3,367 3,370 - Impact on initial application of IFRS 15 — (1,093 ) Balance at January 1, 2017 and 2018 3,367 2,277 Additions for the year - subscriber points 813 — - government grants 513 972 - others 36 831 1,362 1,803 Reductions for the year - usage of subscriber points (703 ) — - recognition of government grants in profit or loss and other reductions (507 ) (323 ) - others (149 ) (70 ) Balance at end of the year 3,370 3,687 Representing: - current portion 350 78 - non-current 3,020 3,609 3,370 3,687 |
Other Obligations
Other Obligations | 12 Months Ended |
Dec. 31, 2018 | |
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Other Obligations | 37. OTHER OBLIGATIONS Note 2017 2018 One-off (a ) 2,496 2,496 Obligations under finance lease (b ) 692 240 Others 231 298 Sub-total 3,419 3,034 Less: Current portion (2,987 ) (2,844 ) 432 190 (a) One-off Certain staff quarters, prior to 1998, were sold to certain of the Group’s employees at preferential prices, subject to a number of eligibility requirements. In 1998, the State Council issued a circular which stipulated that the sale of quarters to employees at preferential prices should be terminated. In 2000, the State Council issued a further circular stating that cash subsidies should be made to certain eligible employees following the withdrawal of the allocation of staff quarters. However, the specific timetable and procedures for the implementation of these policies were to be determined by individual provincial or municipal governments based on the particular situation of the provinces or municipality. Based on the relevant detailed local government regulations promulgated, certain entities within the Group adopted cash housing subsidy plans. In accordance with these plans, for those eligible employees who had not been allocated with quarters or who had not been allocated with quarters up to the prescribed standards before the discounted sales of quarters were terminated, the Group determined to pay them one-off In January 2009, through the absorption of China Netcom (Group) Company Limited (“CNC China”) by CUCL and the absorption of China Network Communications Group Corporation (“Netcom Group”) by Unicom Group, the rights and obligations formerly undertaken by CNC China and Netcom Group were taken over by CUCL and Unicom Group separately. As of December 31, 2018, the Group’s unpaid one-off one-off (b) Obligations under finance lease The obligations under finance lease represent the payables for the finance lease of telecommunications equipment. The lease payments under finance lease are analyzed as follows: 2017 2018 Total minimum lease payments under finance lease: - not later than one year 484 243 - later than one year and not later than two years 236 2 - later than two years and not later than three years — 4 720 249 Less: Future finance charges (28 ) (9 ) Present value of minimum obligations 692 240 Representing obligations under finance lease: - current liabilities 461 234 - non-current 231 6 |
Short-Term Bank Loans
Short-Term Bank Loans | 12 Months Ended |
Dec. 31, 2018 | |
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Short-Term Bank Loans | 38. SHORT-TERM BANK LOANS Interest rates and final maturity 2017 2018 RMB denominated bank loans Fixed interest rates ranging from 2.35% to 4.77% (2017: 2.35% to 5.80%) per annum with maturity through 2019 (2017: maturity through 2018) 22,500 15,085 Total 22,500 15,085 At December 31, 2017 and 2018, all short-term bank loans were unsecured. |
Commercial Papers
Commercial Papers | 12 Months Ended |
Dec. 31, 2018 | |
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Commercial Papers | 39. COMMERCIAL PAPERS On July 6, 2017, CUCL issued tranche four of 2017 super short term commercial papers in an amount of RMB1 billion, with a maturity period of 270 days from the date of issue and which carries interest at 4.38% per annum, and was fully repaid in April 2018. On August 7, 2017, CUCL issued tranche six of 2017 super short term commercial papers in an amount of RMB4 billion, with a maturity period of 270 days from the date of issue and which carries interest at 4.26% per annum, and was fully repaid in May 2018. On August 10, 2017, CUCL issued tranche seven of 2017 super short term commercial papers in an amount of RMB4 billion, with a maturity period of 270 days from the date of issue and which carries interest at 4.23% per annum, and was fully repaid in May 2018. |
Accounts Payable and Accrued Li
Accounts Payable and Accrued Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
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Accounts Payable and Accrued Liabilities | 40. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 2017 2018 Payables to contractors and equipment suppliers 82,444 70,526 Payables to telecommunications products suppliers 4,548 4,349 Customer/contractor deposits 5,262 6,381 Repair and maintenance expense payables 5,348 6,252 Bills payable 49 — Salary and welfare payables 3,711 5,900 Interest payable 709 299 Amounts due to services providers/content providers 2,253 1,920 VAT received from customer in advance — 3,398 Accrued expenses 14,845 15,935 Others 6,091 7,498 125,260 122,458 The aging analysis of accounts payables and accrued liabilities is based on the invoice date as follows: 2017 2018 Less than six months 104,691 105,606 Six months to one year 9,009 6,984 More than one year 11,560 9,868 125,260 122,458 |
Mutual Investment of The Compan
Mutual Investment of The Company and Telefonica In Each Other | 12 Months Ended |
Dec. 31, 2018 | |
Investments accounted for using equity method [abstract] | |
Mutual Investment of The Company and Telefonica In Each Other | 41. MUTUAL INVESTMENT OF THE COMPANY AND TELEFÓNICA IN EACH OTHER On September 6, 2009, the Company announced that in order to strengthen the cooperation between the Company and Telefónica, the parties entered into a strategic alliance agreement and a subscription agreement, pursuant to which each party conditionally agreed to invest an equivalent of USD1 billion in each other through an acquisition of each other’s shares. On January 23, 2011, the Company entered into an agreement to enhance the strategic alliance with Telefónica that: (a) Telefónica would purchase ordinary shares of the Company for a consideration of USD500 million through acquisition from third parties; and (b) the Company would acquire from Telefónica 21,827,499 ordinary shares of Telefónica held in treasury (“Telefónica Treasury Shares”) for an aggregate purchase price of Euro374,559,882.84. On January 25, 2011, the Company completed the purchase of Telefónica Treasury Shares in accordance with the strategic agreement. During 2011, Telefónica completed its investment of USD500 million in the Company. On May 14, 2012, Telefónica declared a dividend. The Company chose to implement it by means of a scrip dividend and received 1,646,269 ordinary shares of approximately RMB146 million. As of December 31, 2018, the related financial assets at fair value through other comprehensive income amounted to approximately RMB3,698 million (2017: approximately RMB4,070 million). For the year ended December 31, 2018, the decrease in fair value of the financial assets through other comprehensive income was approximately RMB372 million (2016: decrease of approximately RMB531 million ; 2017: decrease of approximately RMB68 million), has been recorded in the consolidated statements of comprehensive income. |
Equity-Settled Share Option Sch
Equity-Settled Share Option Schemes | 12 Months Ended |
Dec. 31, 2018 | |
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Equity-Settled Share Option Schemes | 42. EQUITY-SETTLED SHARE OPTION SCHEMES On April 16, 2014, the Company adopted a new share option scheme (the “2014 Share Option Scheme”). The 2014 Share Option Scheme is valid and effective for a period of 10 years commencing on April 22, 2014 and will expire on April 22, 2024. Under the 2014 Share Option Scheme, the share options may be granted to employees including all directors; any grant of share options to a Connected Person (as defined in the Listing Rules) of the Company must be approved by the independent non-executive non-executive (i) The closing price of the shares on the SEHK on the offer date in respect of the share options; and (ii) The average closing price of the shares on the SEHK for the five trading days immediately preceding the offer date; The option period commences on any day after the date on which such share option is offered, but may not exceed 10 years from the offer date. No share options had been granted since adoption of the 2014 Share Option Scheme. No options outstanding as of December 31, 2017 and 2018. |
Restricted A-Share Incentive Sc
Restricted A-Share Incentive Scheme | 12 Months Ended |
Dec. 31, 2018 | |
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Restricted A-Share Incentive Scheme | 43. RESTRICTED A-SHARE Pursuant to the share incentive scheme of A Share Company (“the Restricted A-Share A-Share The Restricted Shares are subject to various lock-up “Lock-Up Lock-up Lock-Up Subject to fulfillment of all service and performance conditions under the Restricted A-Share lock-up Lock-Up Lock-up During the year ended December 31, 2018, no Restricted Shares are considered forfeited or repurchased. For the year ended December 31, 2018, the Group recognized share-based payment expenses and other reserve of RMB614 million as a result of subscription during the year under the Restricted A-Share On February 1, 2019, additional 13,156,000 Restricted Shares were subscribed by eligible employees with a subscription price of RMB3.79 per share. The additional Restricted Shares are also subject to various lock-up |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2018 | |
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Related Party Transactions | 44. RELATED PARTY TRANSACTIONS Unicom Group is a state-owned enterprise directly controlled by the PRC government. The PRC government is the Company’s ultimate controlling party. Neither Unicom Group nor the PRC government publishes financial statements available for public use. The PRC government controls a significant portion of the productive assets and entities in the PRC. The Group provides telecommunications services as part of its retail transactions, thus, is likely to have extensive transactions with the employees of other state-controlled entities, including their key management personnel and their close family members. These transactions are carried out on commercial terms that are consistently applied to all customers. Management considers certain state-owned enterprises have material transactions with the Group in its ordinary course of business, which include but not limited to 1) rendering and receiving telecommunications services, including interconnection revenue/charges; 2) purchasing of goods, including use of public utilities; and 3) placing of bank deposits and borrowing money. The Group’s telecommunications network depends, in large part, on interconnection with the network and on transmission lines service provided by other domestic carriers. These transactions are mainly carried out on terms comparable to those conducted with third parties or standards promulgated by relevant government authorities and have been reflected in the financial statements. Amounts due from domestic carries are all derived from contracts with customers. Management believes that meaningful information relating to related party transactions has been disclosed below. 44.1 Connected transactions with Unicom Group and its subsidiaries (a) Recurring transactions The following is a summary of significant recurring transactions carried out by the Group with Unicom Group and its subsidiaries. In the directors’ opinion, these transactions were carried out in the ordinary course of business. Note 2016 2017 2018 Transactions with Unicom Group and its subsidiaries: Charges for value-added telecommunications services (i), (ii) 42 30 43 Rental charges for property leasing (i), (iii) 1,050 1,017 1,033 Charges for lease of telecommunications resources (i), (iv) 281 270 277 Charges for engineering design and construction services (i), (v) 4,487 2,411 2,055 Charges for shared services (i), (vi) 104 83 77 Charges for materials procurement services (i), (vii) 88 60 34 Charges for ancillary telecommunications services (i), (viii) 2,541 2,699 2,905 Charges for comprehensive support services (i), (ix) 1,690 1,274 1,231 Income from comprehensive support services (i), (ix) 51 67 83 Lending by Finance Company to Unicom Group (i), (xi) — 700 13,558 Repayment of loan lending by Finance Company (i), (xi) — 500 6,354 Interest income from lending services (i), (xi) — 8 150 (i) On November 25, 2016, CUCL entered into the agreement, “2017-2019 Comprehensive Services Agreement” with Unicom Group to renew certain continuing connected transactions. 2017-2019 (ii) UNISK (Beijing) Information Technology Corporation Limited (“UNISK”) agreed to provide the mobile subscribers of CUCL with various types of value-added services through its cellular communications network and data platform. The Group retains a portion of the revenue generated from the value-added services provided to the Group’s subscribers (and actually received by the Group) and allocates a portion of such fees to UNISK for settlement, on the condition that such proportion allocated to UNISK does not exceed the average proportion allocated to independent value-added telecommunications content providers who provide value-added telecommunications content to the Group in the same region. The percentage of revenue to be allocated to UNISK by the Group varies depending on the types of value-added service provided to the Group. (iii) CUCL and Unicom Group agreed to mutually lease properties and ancillary facilities from each other. Rentals are based on the lower of the market rates and the depreciation costs and taxes. For the year ended December 31, 2018, the rental charge paid by Unicom Group was approximately RMB5.75 million, which was negligible. (iv) Unicom Group agreed to lease to CUCL certain international telecommunications resources (including international telecommunications channel gateways, international telecommunications service gateways, international submarine cable capacity, international land cables and international satellite facilities) and certain other telecommunications facilities for its operations. The rental charges for the leasing of international telecommunications resources and other telecommunications facilities are based on the annual depreciation charges of such resources and facilities provided that such charges would not be higher than market rates. For maintenance service to the telecommunications facilities aforementioned, unless otherwise agreed by CUCL and Unicom Group, such maintenance service charges would be borne by CUCL and determined with reference to market rates or a cost-plus basis if there are no market rates. (v) Unicom Group agreed to provide engineering design, construction and supervision services and IT services to CUCL. The charges payable by CUCL for the above services are determined with reference to the market price and are settled when the relevant services are provided. (vi) Unicom Group and CUCL agreed to provide shared services to each other and would share the costs related to the shared services proportionately in accordance with their respective total assets value with certain adjustments. For the year ended December 31, 2018, the services charges paid by Unicom Group to CUCL was negligible. (vii) Unicom Group agreed to provide comprehensive procurement services for imported and domestic telecommunications materials and other domestic non-telecommunications (viii) Unicom Group agreed to provide ancillary telecommunications services to CUCL. These services include certain telecommunications pre-sale, on-sale (ix) Unicom Group and CUCL agreed to provide comprehensive support services to each other, including dining services, facilities leasing services (excluding those facilities mentioned in (iv) above), vehicle services, health and medical services, labor services, security services, hotel and conference services, gardening services, decoration and renovation services, sales services, construction agency, equipment maintenance services, market development, technical support services, research and development services, sanitary services, parking services, staff trainings, storage services, advertising services, marketing, property management services, information and communications technology services (including construction and installation services, system integration services, software development, product sales and agent services, operation and maintenance services, and consultation services). The charges are based on market rates, government guidance price or cost-plus basis and are settled as and when the relevant services are provided. (x) Unicom Group is the registered proprietor of the “Unicom” trademark in English and the trademark bearing the “Unicom” logo, which are registered at the PRC State Trademark Bureau. Pursuant to an exclusive PRC trademark license agreement between Unicom Group and the Group, the Group has been granted the right to use these trademarks on a royalty free and renewal basis. (xi) Finance Company has agreed to provide financial services to Unicom Group and its subsidiaries, including deposit services, lending and other credit services, and other financial services. For the lending services from Finance Company to Unicom Group and its subsidiaries, the interest rate will follow the interest rate standard promulgated by the People’s Bank of China, and will be no less than the minimum interest rate offered to other clients for the same type of loan, and the applicable interest rate offered to Unicom Group by the general commercial banks in PRC for the same type of loan. (b) Amounts due from and to Unicom Group and its subsidiaries Amount due from Unicom Group as of December 31, 2018 included loans from Finance Company to Unicom Group of RMB7,404 million in total with respective floating interest rate agreed at 90% to 110% of the benchmark interest rate published by the People’s Bank of China (“PBOC”) for the same class of loans (2016: Nil; 2017: RMB200 million with floating interest rate at 90% of the benchmark interest rate published by the PBOC). Apart from the above and as disclosed in Note 44.3 below, amounts due from and to Unicom Group and its subsidiaries are unsecured, interest-free, repayable on demand/on contract terms and arise in the ordinary course of business in respect of transactions with Unicom Group and its subsidiaries as described in (a) above. 44.2 Related party transactions with Tower Company (a) Related party transactions Note 2016 2017 2018 Transactions with Tower Company: Interest income from Cash Consideration (i ) 809 755 49 Operating lease and other service charges (ii ) 14,887 16,524 15,982 Income from engineering design and construction services (iii ) 151 267 235 (i) On October 14, 2015, CUCL and Unicom Horizon (“Unicom Horizon”, a wholly-owned subsidiary of CUCL and an indirectly wholly-owned subsidiary of the Company) entered into a transfer agreement (the “Transfer Agreement,”), amongst China Mobile Communications Company Limited and its related subsidiaries (“China Mobile”), China Telecom Corporation Limited (“China Telecom”), China Reform Holdings Corporation Limited (“CRHC”) and Tower Company. Pursuant to the Transfer Agreement, the Group, China Mobile and China Telecom will sell certain of their telecommunications towers and related assets (“Tower Assets”) to Tower Company in exchange for shares issued by Tower Company and cash consideration. In addition, CRHC will make a cash subscription for shares of Tower Company. The Tower Assets Disposal was completed on October 31, 2015 (“Completion Date”). The final consideration amount for the Tower Assets Disposal attributed to the Group was determined as RMB54,658 million. Tower Company issued 33,335,836,822 shares (“Consideration Shares”) to CUCL at an issue price of RMB1.00 per share and the balance of the consideration of approximately RMB21,322 million payable in cash (“Cash Consideration”). The outstanding Cash Consideration and related VAT carries interest at 3.92% per annum. The first tranche and remaining Cash Consideration of RMB3,000 million and RMB18,322 million payable by Tower Company were settled in February 2016 and December 2017, respectively. For the year ended December 31, 2018, the interest income arisen from outstanding VAT related to Cash Consideration were approximately RMB49 million (2016: approximately RMB809 million arisen from outstanding Cash Consideration and related VAT; 2017: approximately RMB755 million arisen from outstanding Cash Consideration and related VAT). (ii) At the time the Tower Assets Disposal was completed, CUCL and the Tower Company were in the process of finalizing the terms of lease and service. However, to ensure there were no interruptions in the operations of the Group, the Tower Company had undertaken to allow the Group to use the Tower Assets during a transition period, notwithstanding that the terms of the lease and service have not all been finalized, and CUCL paid service charges for the use of the Tower Assets from the Completion Date to the date that formal agreement was entered into. In addition, CUCL also leased other telecommunications towers and related assets from the Tower Company which were previously owned by China Mobile and China Telecom, or constructed by the Tower Company. On July 8, 2016, CUCL and Tower Company entered into a framework agreement to confirm the pricing and related arrangements in relation to the usage of certain telecommunications towers and related assets (the “Agreement”). The Agreement finalized terms including assets categories, pricing basis for usage charges, and relevant service period etc. Provincial service agreements and detailed lease confirmation for specified towers have been signed subsequently. On January 31, 2018, after further arm-length co-tenancy co-sharing In connection with its use of telecommunication towers and related assets, the Group recognized operating lease and other service charges for the year ended December 31, 2018 of totalled RMB15,982 million (2016: approximately RMB14,887 million; 2017: approximately RMB16,524 million). (iii) The Group provide engineering design and construction services, including system integration and engineering design services to Tower Company. (b) Amounts due from and to Tower Company Amount due from Tower Company as of December 31, 2018 included VAT recoverable related to Cash Consideration from Tower Company of RMB382 million (2017: RMB2,704 million). Amount due to Tower Company balance mainly included operating lease and other service charges payable, and payable balance in relation to power charges paid by Tower Company on behalf of the Group, of RMB2,635 million in total as of December 31, 2018 (2017: RMB2,480 million in total). Except as mentioned above, amounts due from and to Tower Company are unsecured, interest-free, repayable on demand/on contract terms and arise in the ordinary course of business in respect of transactions with Tower Company as described in (a) above. 44.3 Related party transactions with Unicom Group and its subsidiaries (a) Related party transactions Note 2016 2017 2018 Transactions with Unicom Group and its subsidiaries: Unsecured entrusted loan from Unicom Group and its subsidiaries (i ) — 5,237 3,042 Repayment of unsecured entrusted loan to Unicom Group (i ) 1,344 3,893 1,344 Loan from a related party (ii ) — 435 48 Repayment of loan from a related party (ii ) — — 435 Interest expenses on unsecured entrusted loan (i ) 33 70 10 Interests expenses on loan from a related party (ii ) — — 12 Net deposits/(withdrawal) by Unicom Group and its subsidiaries with/from Finance Company (iii ) 2,397 (112 ) 2,336 Interest expenses on the deposits in Finance Company (iii ) 11 34 93 (i) On February 27, 2017, the Group borrowed an unsecured entrusted loan from Unicom Group of RMB1,344 million with a maturity period of 1 year and interest rate at 3.92% per annum, and was fully repaid in February 2018. On August 24, 2017, the Group borrowed an unsecured entrusted loan from Unicom Group of RMB3,893 million with a maturity period of 6 months and interest rate at 3.92% per annum, and was fully repaid in October 2017. On December 26, 2018, the Group borrowed an unsecured entrusted loan from A Share Company of RMB3,042 million with a maturity period of 5 years and interest rate at 4.28% per annum. (ii) On December 21, 2017, the Group borrowed a loan from Unicom Group BVI of RMB435 million with a maturity period of 1 year and floating interest rate at 1 year HIBOR plus 1.2%, and was fully repaid in December 2018. On December 28, 2018, the Group borrowed a loan from Unicom Group BVI of RMB48 million with a maturity period of 1 year, of which RMB46 million with a maturity period of 1 year and interest rate at 4.77% per annum and HKD2 million with a maturity period of 1 year and floating interest rate at 1 year HIBOR plus 1.11%. (iii) Finance Company has agreed to provide financial services to Unicom Group and its subsidiaries. For the deposit services, the interest rate for deposits placed by Unicom Group and its subsidiaries will be no more than the maximum interest rate promulgated by the PBOC for the same type of deposit, the interest rate for the same type of deposit offered to other clients and the applicable interest rate offered by the general commercial banks in PRC for the same type of deposit. 44.3 Related party transactions with Unicom Group and its subsidiaries (b) Amounts due to Unicom Group and its subsidiaries Amount due to Unicom Group and its subsidiaries as of December 31, 2018 included a balance of deposits received by Finance Company from Unicom Group and its subsidiaries of RMB4,621 million with interest rates ranging from 0.42% to 2.75% per annum for saving and deposits of different terms (2017: RMB2,285 million with interest rates ranging from 0.35% to 2.75% per annum). Amount due to Unicom Group and its subsidiaries as of December 31, 2018 also included a balance of loan from Unicom Group BVI of approximately RMB48 million with a maturity period of 1 year, of which RMB46 million with a maturity period of 1 year and interest rate at 4.77% per annum and HKD2 million with a maturity period of 1 year and floating interest rate at 1 year HIBOR plus 1.11% (2017: approximately RMB435 million with a maturity period of 1 year and floating interest rate at 1 year HIBOR plus 1.2%). Amount due to Unicom Group and its subsidiaries as of December 31, 2018 also included a balance of unsecured entrusted loan from A Share Company of approximately RMB3,042 million with a maturity period of 5 years and interest rate at 4.28% per annum. 44.4 Related party transactions with joint ventures (a) Related party transactions Note 2016 2017 2018 Transactions with joint ventures Unsecured entrusted loans from joint venture (i ) — 100 — Repayment of unsecured entrusted loans to joint venture (i ) — 60 40 Interest expenses on unsecured entrusted loans — 1 1 Net deposits from a joint venture with Finance Company — 12 18 (i) On April 24, 2017, the Group borrowed an unsecured entrusted loan from Smart Steps Digital Technology Co., Ltd., a joint venture company of the Group, of RMB50 million with a maturity period of 6 months and interest rate at 3.92% per annum, and was fully repaid in October 2017. On October 24, 2017, the Group borrowed an unsecured loan from Smart Steps Digital Technology Co., Ltd., of RMB50 million with a maturity period of 1 year and interest rate at 3.92% per annum, and repaid RMB10 million in December 2017 and RMB40 million during the year of 2018. (b) Amounts due to joint ventures Amounts due to a joint venture as of December 31, 2018 also included a balance of deposits received by Finance Company from Smart Steps Digital Technology Co., Ltd. of RMB30 million with interest rates ranging from 0.42% to 1.48% per annum for saving and deposits of different terms (2016: Nil; 2017: RMB12 million with interest rates ranging from 0.42% to 1.48% per annum). 44.5 Operating lease and other commitments to related parties As of December 31, 2017 and 2018, the Group had commitments to related parties in respect of total future aggregate minimum operating lease payments under non-cancellable |
Contingencies and Commitments
Contingencies and Commitments | 12 Months Ended |
Dec. 31, 2018 | |
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Contingencies and Commitments | 45. CONTINGENCIES AND COMMITMENTS 45.1 Capital commitments As of December 31, 2017 and 2018, the Group had capital commitments, mainly in relation to the construction of telecommunications network, as follows: 2017 2018 Total Land and Equipment Total Authorized and contracted for 13,084 3,882 14,499 18,381 Authorized but not contracted for 37,793 7,495 32,001 39,496 50,877 11,377 46,500 57,877 45.2 Operating lease and other commitments As of December 31, 2017 and 2018, the Group had total future aggregate minimum operating lease payments under non-cancellable 2017 2018 Total Land and Equipment Ancillary Total** Arrangements expiring: - not later than one year 19,131 1,147 7,524 4,154 12,825 - later than one year and not later than five years 29,580 2,044 25,098 12,825 39,967 - later than five years 977 290 1,669 — 1,959 49,688 3,481 34,291 16,979 54,751 * The amount included payment commitments for non-lease ** Variable lease payments are not included in the commitments. 45.3 Contingent liabilities As of December 31, 2018, the Group had no material contingent liabilities and no material financial guarantees issued. |
Comparative Figures
Comparative Figures | 12 Months Ended |
Dec. 31, 2018 | |
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Comparative Figures | 46. COMPARATIVE FIGURES The Group has initially applied IFRS 15 and IFRS 9 (2014) at January 1, 2018. Under the transition method chosen, comparative information is not restated. Further details of the changes in accounting policies are disclosed in Note 2. |
Non-Adjusting Events After The
Non-Adjusting Events After The Reporting Period | 12 Months Ended |
Dec. 31, 2018 | |
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Non-Adjusting Events After The Reporting Period | 47. NON-ADJUSTING Proposed dividend After the statements of financial position date, the Board of Directors proposed a final dividend for 2018. For detail, please refer to Note 32. |
China Unicom (Hong Kong) Limite
China Unicom (Hong Kong) Limited (Parent Company) | 12 Months Ended |
Dec. 31, 2018 | |
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China Unicom (Hong Kong) Limited (Parent Company) | 48. CHINA UNICOM (HONG KONG) LIMITED (PARENT COMPANY) Relevant PRC statutory laws and regulation permit payments of dividends by the Company’s subsidiaries in the PRC only out of their retained earnings, if any, as determined in accordance with the PRC accounting standards and regulations. As of December 31, 2017 and 2018, RMB28,877 million and RMB 29,019 million (US$4,221 million) were appropriated from retained earnings and set aside for the statutory reserve by the Company’s PRC subsidiaries, respectively. As a result of these PRC laws and regulations, the Company’s subsidiaries in the PRC are restricted in its ability to transfer a portion of its net assets to either in the form of dividends, loans or advances, which consisted of registered capital and statutory reserves that amounted to RMB252,350 million and RMB256,466 million (US$37,301 million) as of December 31, 2017 and 2018, respectively. Condensed Statements of Financial Position As of December 31 2017 2018 2018 RMB RMB US$ (Unaudited) ASSETS Non-current Property, plant and equipment 5 4 1 Investments in subsidiaries 234,768 237,301 34,514 Loan to a subsidiary 22,832 6,829 993 Financial assets at fair value through other comprehensive Income 4,070 3,698 538 261,675 247,832 36,046 Current assets Loan to subsidiaries 202 5,615 817 Amounts due from subsidiaries 2,510 223 32 Dividend receivable 2,712 4,612 671 Prepayments and other current assets 60 23 3 Short-term bank deposits 3,091 — — Cash and cash equivalents 1,229 969 141 9,804 11,442 1,664 Total assets 271,479 259,274 37,710 EQUITY Equity attributable to equity shareholders of the Company Share capital 254,056 254,056 36,951 Reserves (6,516 ) (6,888 ) (1,002 ) Retained profits - Proposed final dividend 1,591 4,100 596 - Others 7,184 6,915 1,006 Total equity 256,315 258,183 37,551 LIABILITIES Current liabilities Short-term bank loans 12,694 — — Accounts payable and accrued liabilities 160 99 14 Loan from immediate holding company 435 48 7 Loans from subsidiaries 928 — — Taxes payable 27 24 4 Dividend payable 920 920 134 15,164 1,091 159 Total liabilities 15,164 1,091 159 Total equity and liabilities 271,479 259,274 37,710 Net current liabilities (5,360 ) 10,351 1,505 Total assets less current liabilities 256,315 258,183 37,551 Condensed Statements of Comprehensive Income Year ended December 31 2016 2017 2018 2018 RMB RMB RMB US$ (Unaudited) Revenue 6 6 — — Dividend income 371 1,441 3,296 479 General and administrative expenses (63 ) (67 ) (61 ) (9 ) Interest income 1,250 1,192 535 78 Finance costs (718 ) (1,647 ) 80 12 Other income-net 1,060 1 1 — Income before income tax 1,906 926 3,851 560 Income tax expenses (36 ) (20 ) (20 ) (3 ) Net income 1,870 906 3,831 557 Other comprehensive income: Change in fair value of financial assets through other comprehensive income-net (531 ) (68 ) (372 ) (54 ) Total comprehensive income for the year 1,339 838 3,459 503 Condensed Statements of Cash Flows Year ended December 31 2016 2017 2018 2018 RMB RMB RMB US$ (Unaudited) Net cash outflow from operating activities (85 ) (86 ) (62 ) (9 ) Net cash inflow/(outflow) from investing activities 537 (66,865 ) 3,987 580 Net cash inflow/(outflow) from financing activities 266 66,682 (4,206 ) (612 ) - Dividend paid to equity shareholders of the Company (1,005 ) — (1,591 ) (231 ) Net increase/(decrease) in cash and cash equivalents 718 (269 ) (281 ) (41 ) Cash and cash equivalents at beginning of year 657 1,443 1,229 179 Effect of changes in foreign exchange rate 68 55 21 3 Cash and cash equivalents at end of year 1,443 1,229 969 141 |
Approval of Financial Statement
Approval of Financial Statements | 12 Months Ended |
Dec. 31, 2018 | |
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Approval of Financial Statements | 49. APPROVAL OF FINANCIAL STATEMENTS The financial statements were approved by the Board of Directors on April 23, 2019. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
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Statement of Compliance | 2.1 Statement of Compliance The 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. These consolidated financial statements have been authorized for issue by the Company’s board of directors on April 23, 2019. |
Basis of Preparation | 2.2 Basis of Preparation The consolidated financial statements have been prepared under the historical cost convention, except that the following assets are stated at their fair value set out below: • Financial assets at fair value through other comprehensive income • Financial assets at fair value through profit and loss (a) Going Concern Assumption As of December 31, 2018, current liabilities of the Group exceeded current assets by approximately RMB139.0 billion (2017: approximately RMB165.9 billion). Considering the current economic conditions and taking into account of the Group’s expected capital expenditure in the foreseeable future, management has comprehensively considered the Group’s available sources of funds as follows: • The Group’s continuous net cash inflows from operating activities; • Approximately RMB260.9 billion of revolving banking facilities, of which approximately RMB245.6 billion was unutilized as of December 31, 2018; and • Other available sources of financing from domestic banks and other financial institutions in view of the Group’s good credit history. In addition, the Group believes it has the ability to raise funds from short, medium and long-term perspectives and maintain reasonable financing costs through appropriate financing portfolio. Based on the above considerations, the Board of Directors is of the opinion that the Group has sufficient funds to meet its working capital commitments and debt obligations. As a result, the consolidated financial statements of the Group for the year ended December 31, 2018 have been prepared on a going concern basis. (b) Critical Accounting Estimates and Judgments The preparation of the consolidated financial statements in conformity with IFRSs requires management to make judgments, 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 judgments 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. Judgments 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 4. (c) New Accounting Standards and Amendments The Group has early adopted IFRS 9 (2010) “Financial Instruments” (“IFRS 9 (2010)”) in 2011. In 2018, the Group has been impacted by IFRS 9 (2014), “Financial Instruments” (“IFRS 9 (2014)”) in relation to measurement of credit losses, and impacted by IFRS 15, “Revenue from Contracts with Customers” (“IFRS 15”) in relation to capitalization of contract costs and presentation of contract assets and contract liabilities. Details of the changes in accounting policies are discussed in Note 2.2(c)(ii) for IFRS 9 (2014) and Note 2.2(c)(iii) for IFRS 15. (i) Overview Under the transition method chosen, the Group recognizes cumulative effect of the initial application of IFRS 9 (2014) and IFRS 15 as an adjustment to the opening balance of equity at January 1, 2018. Comparative information is not restated. The following table gives a summary of the opening balance adjustments recognized for each line item in the consolidated statements of financial position that has been impacted by IFRS 9 (2014) and IFRS 15: At December 31, 2017 Impact on initial (Note 2.2(c)(ii)) Impact on initial (Note 2.2(c)(iii)) At January 1, 2018 ASSETS Deferred income tax assets 5,973 265 (584 ) 5,654 Contract assets — — 753 753 Other assets 20,721 — (5,275 ) 15,446 Contract costs — — 6,856 6,856 Total non-current 495,261 265 1,750 497,276 Accounts receivable 13,964 (1,118 ) — 12,846 Prepayments and other current assets 13,801 — (2,221 ) 11,580 Contract assets — — 2,221 2,221 Total current assets 76,722 (1,118 ) — 75,604 Total assets 571,983 (853 ) 1,750 572,880 EQUITY Reserves (20,912 ) (85 ) 175 (20,822 ) Retained profits - Proposed final dividend 1,591 — — 1,591 - Others 69,315 (768 ) 1,575 70,122 Total equity 304,347 (853 ) 1,750 305,244 CURRENT LIABILITIES Accounts payable and accrued liabilities 125,260 — 3,671 128,931 Current portion of deferred revenue 350 — (311 ) 39 Advances from customers 49,283 — (49,000 ) 283 Contract liabilities — — 45,640 45,640 NON-CURRENT Deferred revenue 3,020 — (782 ) 2,238 Contract liabilities — — 782 782 Total equity and liabilities 571,983 (853 ) 1,750 572,880 Net current liabilities (165,900 ) (1,118 ) — (167,018 ) Total assets less current liabilities 329,361 (853 ) 1,750 330,258 Further details of these changes are set out in sub-sections (ii) IFRS 9 (2014), “Financial instruments”, including the amendments to IFRS 9, “Prepayment features with negative compensation” The Group has early adopted IFRS 9 (2010) in 2011 and has applied IFRS 9 (2014) on January 1, 2018. Compared with IFRS 9 (2010), IFRS 9 (2014) includes the new expected credit losses model for impairment of financial assets, the new general hedge accounting requirements and limited amendments to the classification and measurement of financial assets. The Group has applied IFRS 9 (2014) retrospectively to items that existed at January 1, 2018 in accordance with the transition requirements. The Group has recognized the cumulative effect of initial application as an adjustment to the opening equity at January 1, 2018. Therefore, comparative information continues to be reported under IFRS 9 (2010). The following table summarizes the impact of transition to IFRS 9 (2014) on retained profits and reserves and the related tax impact at January 1, 2018. Reserves and Retained profits Recognition of additional expected credit losses on: - financial assets measured at amortized cost (1,118 ) Related tax 265 Net decrease in retained profits and reserves at January 1, 2018 (853 ) Further details of the nature and effect of the changes to previous accounting policies and the transition approach are set out below: i. Credit losses IFRS 9 (2014) replaces the “incurred loss” model in IFRS 9 (2010) with an “expected credit loss” (“ECL”) model. The ECL model requires an ongoing measurement of credit risk associated with a financial asset and therefore recognizes ECLs earlier than under the “incurred loss” accounting model in IFRS 9 (2010). The Group applies the new ECL model to the following items: • financial assets measured at amortized cost (including cash and cash equivalents, short-term bank deposits and restricted deposits, accounts receivable, prepayments and other current assets, amounts due from ultimate holding company, amounts due from related parties, amounts due from domestic carriers and certain other assets); and • contract assets as defined in IFRS 15 (see Note 2.2(c)(iii)). For further details on the Group’s accounting policy for accounting for credit losses, see Note 2.15. Opening balance adjustment As a result of this change in accounting policy, the Group has recognized additional ECLs amounting to RMB1,118 million, which decreased statutory reserve and retained profits by RMB853 million and increased gross deferred tax assets by RMB265 million at January 1, 2018. The following table reconciles the closing loss allowance determined in accordance with IFRS 9 (2010) as of December 31, 2017 with the opening loss allowance determined in accordance with IFRS 9 (2014) as of January 1, 2018. Loss allowance at December 31, 2017 under IFRS 9 (2010) 6,657 Additional credit loss recognized at January 1, 2018 on: - Accounts receivable 1,118 Loss allowance at January 1, 2018 under IFRS 9 (2014) 7,775 ii. Transition Changes in accounting policies resulting from the adoption of IFRS 9 (2014) have been applied retrospectively, except as described below: • Information relating to comparative periods has not been restated. Differences in the carrying amounts of financial assets resulting from the adoption of IFRS 9 (2014) are recognized in retained profits and reserves as of January 1, 2018. Accordingly, the information presented for 2017 continues to be reported under IFRS 9 (2010) and thus may not be comparable with the current period. • If, at the date of initial application, the assessment of whether there has been a significant increase in credit risk since initial recognition would have involved undue cost or effort, a lifetime ECL has been recognized for that financial instrument. (iii) IFRS 15, “Revenue from Contracts with Customers” IFRS 15 establishes a comprehensive framework for recognizing revenue and some costs from contracts with customers. IFRS 15 replaces IAS 18, “Revenue”, which covered revenue arising from sale of goods and rendering of services, and IAS 11, “Construction contracts”, which specified the accounting for construction contracts. IFRS 15 also introduces additional qualitative and quantitative disclosure requirements which aim to enable users of the financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Group has elected to use the cumulative effect transition method and has recognized the cumulative effect of initial application as an adjustment to the opening balance of equity at January 1, 2018. Therefore, comparative information has not been restated and continues to be reported under IAS 11 and IAS 18. As allowed by IFRS 15, the Group has applied the new requirements only to contracts that were not completed before January 1, 2018. The Group’s previous revenue recognition accounting policies of bundled sales transactions were generally consistent with the requirements of IFRS 15 in material respects. Further details of the nature and effect of the changes on previous accounting policies are set out below: i. Sales commission The Group previously recognized sales commissions payable as other operating expenses when they were incurred. Under IFRS 15, the Group is required to capitalize these sales commissions as costs of obtaining contracts when they are incremental and are expected to be recovered, unless the expected amortization period is one year or less from the date of initial recognition of the asset, in which case the sales commissions can be expensed when incurred. Capitalized commissions are charged to profit or loss when the revenue from the related contract is recognized and are included as other operating expenses at that time. The following table summarizes the impact of transition to IFRS 15 on retained profits and reserves and the related tax impact at January 1, 2018: Reserves and Retained profits Capitalization of sales commissions 2,334 Related tax (584 ) Net increase in retained profits and reserves at January 1, 2018 1,750 ii. Presentation of contract assets, contract cost and contract liabilities Under IFRS 15, a receivable is recognized only if the Group has an unconditional right to consideration. If the Group recognizes the related revenue before being unconditionally entitled to the consideration for the promised goods and services in the contract, then the entitlement to consideration is classified as a contract asset. Similarly, a contract liability, rather than a payable, is recognized when a customer pays consideration, or is contractually required to pay consideration and the amount is already due, before the Group recognizes the related revenue. For a single contract with the customer, either a net contract asset or a net contract liability is presented. For multiple contracts, contract assets and contract liabilities of unrelated contracts are not presented on a net basis. Previously, contract balances relating to contracts in progress were presented in the consolidated statements of financial position under “Prepayments and other current assets”, “Other assets”, “Advances from customers” and “Deferred revenue”. To reflect these changes in presentation, the Group has made the following adjustments at January 1, 2018, as a result of the adoption of IFRS 15: a. “Receivables for the sales of mobile handsets, net of allowance” which were previously included in “Prepayments and other current assets” and “Other assets”, amounting to RMB2,221 million and RMB753 million, respectively, are now included under contract assets. b. “Direct incremental costs for activating broadband and Internet Protocol Television (“IPTV”) subscribers” which were previously included in “Other assets”, amounting to RMB4,522 million, are now included under contract costs. c. (1) “Advances received from customers for prepaid cards, other calling cards and prepaid service fees” amounting to RMB45,329 million, which were previously included in “Advances from customers”; (2) “allocated portion of fair value for the subscriber points reward” which were previously included in “Deferred revenue” and “Current portion of deferred revenue”, amounting to RMB525 million and RMB207 million, respectively; (3) “installation fees of fixed-line service” which were previously included in “Deferred revenue” and “Current portion of deferred revenue”, amounting to RMB207 million and RMB104 million, respectively; and (4) “Advances received from customers for transmission lines usage and associated services” amounting to RMB50 million, which were previously included in “Deferred revenue”, are now included under contract liabilities. “Value-added tax (“VAT”) received from customer in advance” amounting to RMB3,671 million, which were previously included in “Advances from customers” are now included in accounts payables and accrued liabilities. iii. Disclosure of the estimated impact on the amounts reported in respect of the year ended December 31, 2018 as a result of the adoption of IFRS 15 on January 1, 2018. The following tables summarize the estimated impact of adoption of IFRS 15 on the Group’s consolidated financial statements for the year ended December 31, 2018, by comparing the amounts reported under IFRS 15 in these consolidated financial statements with estimates of the hypothetical amounts that would have been recognized under IAS 18 and IAS 11 if those superseded standards had continued to apply to 2018 instead of IFRS 15. These tables show only those line items impacted by the adoption of IFRS 15: Amounts reported in accordance with IFRS 15 Hypothetical amounts under IASs 18 and 11 Difference: Estimated impact of adoption of IFRS 15 on 2018 Line items in the consolidated statements of income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: Other operating expenses 62,561 62,074 487 Income before taxation 13,081 13,568 (487 ) Income tax expenses (2,824 ) (2,946 ) 122 Net Income for the year 10,257 10,622 (365 ) Net Income attributable to equity shareholders of the Company 10,197 10,562 (365 ) Earnings per share for income attributable to equity shareholders of the Company during the year: Basic earnings per share (RMB) 0.33 0.34 (0.01 ) Diluted earnings per share (RMB) 0.33 0.34 (0.01 ) Line items in the consolidated statements of comprehensive income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: Total comprehensive income for the year 10,012 10,377 (365 ) Total comprehensive income attributable to: Equity shareholders of the Company 9,952 10,317 (365 ) Amounts reported in accordance with IFRS 15 Hypothetical amounts under IASs 18 and 11 Difference: Estimated impact of adoption of IFRS 15 on 2018 Line items in the consolidated statements of financial position as of December 31, 2018 impacted by the adoption of IFRS 15: ASSETS Deferred income tax assets 3,401 3,630 (229 ) Contract assets 570 — 570 Other assets 14,645 19,000 (4,355 ) Contract costs 5,632 — 5,632 Total non-current 464,411 462,793 1,618 Prepayments and other current assets 11,106 12,360 (1,254 ) Contract assets 1,254 — 1,254 Total current assets 75,909 75,909 — Total assets 540,320 538,702 1,618 EQUITY Reserves (20,154 ) (20,293 ) 139 Retained profits - Others 75,920 74,674 1,246 Total equity 314,286 312,901 1,385 LIABILITIES Accounts payable and accrued liabilities 122,458 119,060 3,398 Taxes payable 911 678 233 Current portion of deferred revenue 78 1,161 (1,083 ) Advances from customers 328 45,293 (44,965 ) Contract liabilities 42,650 — 42,650 Total current liabilities 214,910 214,677 233 Total equity and liabilities 540,320 538,702 1,618 Net current liabilities (139,001 ) (138,768 ) (233 ) Total assets less current liabilities 325,410 324,025 1,385 Line items in the reconciliation of income before taxation to cash generated from operations for the year ended December 31, 2018 impacted by the adoption of IFRS 15: Income before taxation 13,081 13,568 (487 ) Increase in contract costs (3,001 ) — (3,001 ) Decrease/(Increase) in other assets 1,584 (1,721 ) 3,305 Decrease in contract assets 1,150 — 1,150 Decrease in prepayments and other current assets 60 1,027 (967 ) Increase in accounts payable and accrued liabilities 6,591 6,268 323 Decrease in contract liabilities (4,322 ) — (4,322 ) Increase in deferred revenue 1,474 1,464 10 Increase/(Decrease) in advances from customers 45 (3,944 ) 3,989 The differences arise as a result of the changes in accounting policies described above. (iv) IFRIC 22, “Foreign currency transactions and advance consideration” (“IFRIC 22”) This interpretation provides guidance on determining “the date of the transaction” for the purpose of determining the exchange rate to use on initial recognition of the related asset, expense or income (or part of it) arising from a transaction in which an entity receives or pays advance consideration in a foreign currency. The interpretation clarifies that “the date of the transaction” is the date on initial recognition of the non-monetary (v) Possible impact of amendments, new standards and interpretations issued but not yet effective for the year ended December 31, 2018 The IASB has issued a number of new IFRSs and amendments to IFRSs and IAS which are not yet effective for the year ended December 31, 2018 and which have not been adopted in these financial statements. Of these, the following developments are relevant to the Group’s financial statements: Effective for IFRS 16, “Leases” January 1, 2019 IFRIC 23, “Uncertainty over income tax treatments” January 1, 2019 Annual Improvements to IFRSs 2015-2017 Cycle January 1, 2019 Amendments to IAS 28, “Long-term interest in associates and joint ventures” January 1, 2019 The Group is assessing the impact of such new standards, amendments to standards and interpretations, and will adopt the relevant standards, amendments to standards and interpretations in the subsequent period as required. In particular, the Group provides the following information in respect of IFRS 16, “Leases” which may has a significant impact on the Group’s consolidated financial statements. While the assessment has been substantially completed for IFRS 16, the actual impact upon the initial adoption of this standard may differ as the assessment completed to date is based on the information currently available to the Group, and further impacts may be identified before the standard is initially applied in the Group’s interim financial report for the six months ending June 30, 2019. The Group may also change its accounting policy elections, including the transition options, until the standard is initially applied in that financial report. IFRS 16, “Leases” (“IFRS 16”) Currently the Group classifies leases into finance leases and operating leases and accounts for the lease arrangements differently, depending on the classification of the lease. The Group enters into some leases as the lessor and others as the lessee. IFRS 16 is not expected to impact significantly on the way that lessors account for their rights and obligations under a lease. However, once IFRS 16 is adopted, lessees will no longer distinguish between finance leases and operating leases. Instead, subject to practical expedients, lessees will account for all leases in a similar way to current finance lease accounting, i.e. at the commencement date of the lease the lessee will recognize and measure a lease liability at the present value of the minimum future lease payments and will recognize a corresponding “right-of-use” right-of-use low-value IFRS 16 will primarily affect the Group’s accounting as a lessee of leases for properties, plant and equipment which are currently classified as operating leases. The application of the new accounting model is expected to lead to an increase in both assets and liabilities and to impact on the timing of the expense recognition in the statements of income over the period of the lease. IFRS 16 is effective for annual periods beginning on or after January 1, 2019. As allowed by IFRS 16, the Group plans to use the practical expedient to grandfather the previous assessment of which existing arrangements are, or contain, leases. The Group will therefore apply the new definition of a lease in IFRS 16 only to contracts that are entered into on or after the date of initial application. In addition, the Group plans to elect the practical expedient for not applying the new accounting model to short-term leases and leases of low-value The Group plans to elect to use the modified retrospective approach for the adoption of IFRS 16 and will recognize the cumulative effect of initial application as an adjustment to the opening balance of equity at January 1, 2019 and will not restate the comparative information. As disclosed in Note 45.2, the Group’s future aggregate minimum operating lease and other service payments amounted to RMB54,751 million at December 31, 2018. Upon the initial adoption of IFRS 16, certain of the lease commitments will be recognized as the opening balances of lease liabilities and the corresponding right-of-use Other than the recognition of lease liabilities and right-of-use |
Subsidiaries and Non-Controlling Interests | 2.3 Subsidiaries and Non-Controlling Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed, 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. When assessing whether the Group has power, only substantive rights (held by the Group and other parties) are considered. 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, transactions and cash flows and any unrealized profits 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. The Group adopted the purchase method of accounting to account for business combination of entities and businesses under common control before 2005. Under the purchase method of accounting in force at the date of the acquisition, the cost of an acquisition was measured at the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the acquisition. Identifiable assets acquired and liabilities and contingent liabilities assumed were measured initially at their fair values at the acquisition date, irrespective of the extent of any non-controlling Business combination of entity and business under common control of the Group after 2005 was accounted for using merger accounting. Upon the first adoption of IFRSs by the Group in 2008, the Group adopted the accounting policy to account for business combinations of entities and businesses under common control using the predecessor values method. Non-controlling non-controlling 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 (see Note 2.13) or, when appropriate, the cost on initial recognition of an investment in an associate or joint venture (see Note 2.4). In the Company’s statements of financial position, an investment in a subsidiary is stated at cost less impairment losses (see Note 2.14), unless the investment is classified as held for sale (or included in a disposal group that is classified as held for sale). |
Associates and Joint Ventures | 2.4 Associates and Joint Ventures 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. A joint venture is an arrangement whereby the Group and other parties contractually agree to share control of the arrangement, and have rights to the net assets of the arrangement. An investment in an associate or a joint venture is accounted for in the consolidated financial statements under the equity method, unless it is classified as held for sale (or included in a disposal group that is classified as held for sale). Under the equity method, the investment is initially recorded at cost, adjusted for any excess of the Group’s share of the acquisition-date fair values of the investee’s identifiable net assets over the cost of the investment (if any). The cost of the investment includes purchase price, other costs directly attributable to the acquisition of the investment, and any direct investment into the associate or joint venture that forms part of the Group’s equity investment. 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. The Group’s share of the post-acquisition post-tax post-tax When the Group’s share of losses exceeds its interest in the associate or the joint venture, 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 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 associate or the joint venture. Unrealized profits and losses resulting from transactions between the Group and its associates and joint venture 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. If an investment in an associate becomes an investment in a joint venture or vice versa, retained interest is not remeasured. Instead, the investment continues to be accounted for under the equity method. In all other cases, when the Group ceases to have significant influence over an associate or joint control over a joint venture, it is accounted for as a disposal of the entire interest in that investee, with a resulting gain or loss being recognized in profit or loss. Any interest retained in that former investee at the date when significant influence or joint control is lost is recognized at fair value and this amount is regarded as the fair value on initial recognition of a financial asset. |
Segment Reporting | 2.5 Segment Reporting Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision-Maker (“CODM”). The CODM, who is responsible for allocating resources and assessing performance of the operating segments regularly, has been identified as the Executive Directors of the Company that makes strategic decisions. |
Foreign Currency Translation | 2.6 Foreign Currency Translation (a) Functional and presentation currency Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entities operate (“the functional currency”). The consolidated financial statements are presented in RMB, which is the Company’s functional and presentation currency. For the convenience of the reader, the translation of RMB into United States dollars (“US$”) has been made at the rate of RMB6.8755 to US$1.00, representing the rate as certified by the H.10 weekly statistical release of Federal Reserve Board on December 31, 2018. No representation is made that RMB amounts could have been, or could be, converted into US$ at that rate or at any other certain rate on December 31, 2018 or at any other date. The US$ convenience translation is not required under IFRS and all US$ convenience translation amounts in the accompanying consolidated financial statements are unaudited. (b) Transactions and balances Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions or valuation where items are re-measured. year-end (c) Group companies The results and financial position of all the Group entities (none of which has the currency of a hyperinflationary economy) that have a functional currency different from the presentation currency are translated into the presentation currency as follows: • Assets and liabilities for each statement of financial position presented are translated at the closing rate at the statements of financial position date; • Income and expenses for each statement of income are translated at average exchange rates (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the dates of the transactions); and • All resulting exchange differences are recognized in other comprehensive income and as a separate component of equity into other reserve. On consolidation, exchange differences arising from the translation of the net investment in foreign operations, and of borrowings and other currency instruments designated as hedges of such investments, are taken to shareholders’ equity. When a foreign operation is sold, such exchange differences are recognized in the statements of income as part of the gain or loss on disposal. |
Property, Plant and Equipment | 2.7 Property, Plant and Equipment (a) Construction-in-progress Construction-in-progress (b) Property, plant and equipment Property, plant and equipment held by the Group are stated at cost less accumulated depreciation and accumulated impairment losses, and are depreciated over their expected useful lives. Property, plant and equipment comprise buildings, telecommunications equipment, leasehold improvements, office furniture, fixtures, motor vehicles and other equipment. The cost of an asset, except for those acquired in exchange for a non-monetary If an item of property, plant and equipment is acquired in exchange for another item of property, plant and equipment, the cost of such an item of property, plant and equipment is measured at fair value unless (i) the exchange transactions lacks commercial substance or (ii) the fair value of neither the asset received nor the asset given up is reliably measurable. If the acquired item is not measured at fair value, its cost is measured at the carrying amount of the asset given up. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable at the time the costs are incurred that future economic benefits associated with the item will flow to the Group, and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the statements of income during the financial period in which they are incurred. (c) Depreciation Depreciation on property, plant and equipment is calculated using the straight-line method to allocate their costs less their residual values over their estimated useful lives, as follows: Depreciable life Residual rate Buildings 10 - 30 years 3-5 % Telecommunications equipment 5 - 10 years 3-5 % Office furniture, fixtures, motor vehicles and other equipment 5 - 10 years 3-5 % Leasehold improvements are depreciated over the shorter of their estimated useful lives and the lease periods. The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at each statement of financial position date. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount (Note 2.14). (d) Gain or loss on disposal of property, plant or equipment Gains or losses on disposal of property, plant or equipment are determined by comparing the net sales proceeds with the carrying amounts, and are recognized in the statements of income. |
Goodwill | 2.8 Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the Group’s share of the net identifiable assets of the acquired subsidiaries at the date of acquisition. Goodwill is tested at least annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Gain or loss on the disposal of an entity includes the carrying amount of goodwill relating to the entity sold. Goodwill is allocated to cash-generating units for the purpose of impairment testing. The allocation is made to those cash-generating units or groups of cash-generating units that are expected to benefit from the synergies of business combination in which the goodwill arose. |
Lease Prepayments | 2.9 Lease Prepayments Lease prepayments represent payments for land use rights. Lease prepayments for land use rights are stated at cost initially and expensed on a straight-line basis over the lease period. |
Contract costs | 2.10 Contract costs Contract costs are either the incremental costs of obtaining a contract with a customer or the costs to fulfill a contract with a customer which are not capitalized as inventory (see Note 2.16), property, plant and equipment (see Note 2.7) or intangible assets. Incremental costs of obtaining a contract are those costs that the Group incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained e.g. an incremental sales commission. Incremental costs of obtaining a contract are capitalized when incurred if the costs are expected to be recovered, unless the expected amortization period is one year or less from the date of initial recognition of the asset, in which case the costs are expensed when incurred. Other costs of obtaining a contract are expensed when incurred. Costs to fulfill a contract are capitalized if the costs relate directly to an existing contract or to a specifically identifiable anticipated contract; generate or enhance resources that will be used to provide goods or services in the future; and are expected to be recovered. Costs that relate directly to an existing contract or to a specifically identifiable anticipated contract may include direct labor, direct materials, allocations of costs, costs that are explicitly chargeable to the customer and other costs that are incurred only because the Group entered into the contract. Other costs of fulfilling a contract, which are not capitalized as inventory, property, plant and equipment or intangible assets, are expensed as incurred. Capitalized contract costs are stated at cost less accumulated amortization and impairment losses. Impairment losses are recognized to the extent that the carrying amount of the contract cost asset exceeds the net of (i) remaining amount of consideration that the Group expects to receive in exchange for the goods or services to which the asset relates, less (ii) any costs that relate directly to providing those goods or services that have not yet been recognized as expenses. Amortization of capitalized contract costs is charged to profit or loss when the revenue to which the asset relates is recognized. The accounting policy for revenue recognition is set out in Note 2.26. |
Contract assets and contract liabilities | 2.11 Contract assets and contract liabilities A contract asset is recognized when the Group recognizes revenue (see Note 2.26) before being unconditionally entitled to the consideration under the payment terms set out in the contract. Contract assets are assessed for ECL in accordance with the policy set out in Note 2.2(c)(ii) and are reclassified to receivables when the right to the consideration has become unconditional (see Note 2.17). A contract liability is recognized when the customer pays consideration before the Group recognizes the related revenue (see Note 2.26). A contract liability would also be recognized if the Group has an unconditional right to receive consideration before the Group recognizes the related revenue. In such cases, a corresponding receivable would also be recognized (see Note 2.17). The Group provides subscriber points reward program, the transaction price of providing telecommunications services and the subscriber points reward is allocated based on their standalone price. The allocated portion of transaction price for the subscriber points reward is recorded as contract liability when the rewards are granted and recognized as revenue when the points are redeemed or expired; For a single contract with the customer, either a net contract asset or a net contract liability is presented. For multiple contracts, contract assets and contract liabilities of unrelated contracts are not presented on a net basis. When the contract includes a significant financing component, the contract balance includes interest accrued under the effective interest method (see Note 2.26). |
Other Assets | 2.12 Other Assets Other assets mainly represent (i) computer software; (ii) prepaid rental for premises, transmission lines and electricity cables. (i) Acquired computer software licenses are capitalized on the basis of the costs incurred to acquire and bring to use the specific software. These costs are amortized over their estimated useful lives on a straight-line basis. (ii) Long-term prepaid rental and usage fees for premises, transmission lines and electricity cables are amortized using a straight-line method over service period. |
Financial Assets | 2.13 Financial Assets The Group classifies its financial assets into two measurement categories: those measured at amortized cost and those measured at fair value. The determination is made at initial recognition and the classification depends on the entity’s business model for managing its financial instruments and the contractual cash flow characteristics of the instrument. Financial assets measured at amortized cost Investments are classified under this category if they satisfy both of the following conditions: • The assets are held within a business model whose objective is to hold assets in order to collect contractual cash flows for managing liquidity and generating income on the investments, but not for the purpose of realizing fair value gains; and • The contractual terms of the financial assets give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding, with interest being the consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time. Cash and cash equivalents, short-term bank deposits and restricted deposits, accounts receivable, prepayments and other current assets, amounts due from ultimate holding company, amounts due from related parties, amounts due from domestic carriers and certain other assets are also classified under this category. Financial assets under this category are carried at amortized cost using effective interest method less provision for impairment. Gains and losses arising from disposal, being the differences between the net sales proceeds and the carrying values, are recognized in the statements of income. Interest income is recognized in the statements of income using the effective interest method and disclosed as interest income. Financial assets measured at fair value Investments and other financial assets are classified under this category if they do not meet the conditions to be measured at amortized cost. Financial assets under this category are equity investments carried at fair value. Gains and losses arising from changes in fair value are included in the statements of income or the statements of comprehensive income in cases where an irrevocable election is made by the Group to recognize changes in fair value of an equity investment measured at fair value through the statements of income or the statements of comprehensive income, in the period in which they arise. Upon disposal of the investments, the differences between the net sale proceeds and the carrying values are included in the statements of income or the statements of comprehensive income. Dividend income is recognized when the right to receive a dividend is established and is disclosed separately as dividend income. Purchases and sales of financial assets are recognized on the trade date. Financial assets are derecognized when the rights to receive cash flows from the assets have expired or the Group has transferred substantially all the risks and rewards of ownership of the assets. |
Impairment of Non-Financial Assets | 2.14 Impairment of Non-Financial Assets that have an indefinite useful life or are not yet available for use are not subject to amortization and are tested for impairment at each statement of financial position date. Assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of (i) an asset’s fair value less costs to sell and (ii) value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units). Assets other than goodwill that impairment losses were previously recognized are reviewed for possible reversal of the impairment at each reporting date. |
Credit losses from financial instruments, contract assets and lease receivables | 2.15 Credit losses from financial instruments and contract assets a) Policy applicable from January 1, 2018 The Group recognizes a loss allowance for ECLs on the following items: • financial assets measured at amortized cost (including cash and cash equivalents, short-term bank deposits and restricted deposits, accounts receivable, prepayments and other current assets, amounts due from ultimate holding company, amounts due from related parties, amounts due from domestic carriers and certain other assets); and • contract assets as defined in IFRS 15 (see Note 2.2(c)(iii)). Financial assets measured at fair value, including financial assets at fair value through profit and loss and financial assets at fair value through other comprehensive income, are not subject to the ECL assessment. Measurement of ECLs ECLs are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all expected cash shortfalls (i.e. the difference between the cash flows due to the Group in accordance with the contract and the cash flows that the Group expects to receive). The maximum period considered when estimating ECLs is the maximum contractual period over which the Group is exposed to credit risk. In measuring ECLs, the Group takes into account reasonable and supportable information that is available without undue cost or effort. This includes information about past events, current conditions and forecasts of future economic conditions. ECLs are measured on either of the following bases: • twelve month ECLs: these are losses that are expected to result from possible default events within the twelve months after the reporting date; and • lifetime ECLs: these are losses that are expected to result from all possible default events over the expected lives of the items to which the ECL model applies. Loss allowances for accounts receivable and contract assets are always measured at an amount equal to lifetime ECLs. ECLs on these financial assets are estimated using a provision matrix based on the Group’s historical credit loss experience, adjusted for factors that are specific to the debtors and an assessment of both the current and forecast general economic conditions at the reporting date. For all other financial instruments, the Group recognizes a loss allowance equal to twelve months ECLs unless there has been a significant increase in credit risk of the financial instrument since initial recognition, in which case the loss allowance is measured at an amount equal to lifetime ECLs. Significant increases in credit risk In assessing whether the credit risk of a financial instrument has increased significantly since initial recognition, the Group compares the risk of default occurring on the financial instrument assessed at the reporting date with that assessed at the date of initial recognition. The Group considers both quantitative and qualitative information that is reasonable and supportable, including historical experience and forward-looking information that is available without undue cost or effort. In particular, the following information is taken into account when assessing whether credit risk has increased significantly since initial recognition: • failure to make payments of principal or interest on their contractually due dates; • an actual or expected significant deterioration in a financial instrument’s external or internal credit rating (if available); • an actual or expected significant deterioration in the operating results of the debtor; and • existing or forecast changes in the technological, market, economic or legal environment that have a significant adverse effect on the debtor’s ability to meet its obligation to the Group. Depending on the nature of the financial instruments, the assessment of a significant increase in credit risk is performed on either an individual basis or a collective basis. When the assessment is performed on a collective basis, the financial instruments are grouped based on shared credit risk characteristics, such as past due status and credit risk ratings. ECLs are remeasured at each reporting date to reflect changes in the financial instrument’s credit risk since initial recognition. Any change in the ECL amount is recognized as an impairment gain or loss in profit or loss. The Group recognizes an impairment gain or loss for all financial instruments with a corresponding adjustment to their carrying amount through a loss allowance account. Credit-impaired financial assets At each reporting date, the Group assesses whether a financial asset is credit-impaired. A financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes the following observable events: • significant financial difficulties of the debtor; • a breach of contract, such as a default or delinquency in interest or principal payments; • it becoming probable that the borrower will enter into bankruptcy or other financial reorganization; • significant changes in the technological, market, economic or legal environment that have an adverse effect on the debtor; or • the disappearance of an active market for a security because of financial difficulties of the issuer. Write-off The gross carrying amount of a financial asset or contract asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when the Group determines that the debtor does not have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. Subsequent recoveries of an asset that was previously written off are recognized as a reversal of impairment in profit or loss in the period in which the recovery occurs. b) Policy applicable prior to January 1, 2018 Prior to January 1, 2018, the Group assesses at the end of each reporting period whether there is objective evidence that a financial asset or group of financial assets measured at amortized cost is impaired. A financial asset or a group of financial assets is impaired and impairment losses are incurred only if there is objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the asset (a “loss event”) and that loss event (or events) has an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably estimated. |
Inventories and Consumables | 2.16 Inventories and Consumables Inventories, which primarily comprise handsets, SIM/USIM cards and accessories, are stated at the lower of cost and net realizable value. Cost is based on the first-in-first-out Consumables consist of materials and supplies used in maintaining the Group’s telecommunications networks and are charged to the statements of income when brought into use. Consumables are stated at cost less any provision for obsolescence. |
Accounts Receivables | 2.17 Accounts Receivables A receivable is recognized when the Group has an unconditional right to receive consideration. A right to receive consideration is unconditional if only the passage of time is required before payment of that consideration is due. If revenue has been recognized before the Group has an unconditional right to receive consideration, the amount is presented as a contract asset (see Note 2.11). Receivables are stated at amortized cost using the effective interest method less allowance for credit losses (see Note 2.15). |
Short-term Bank Deposits | 2.18 Short-term Bank Deposits Short-term bank deposits are cash invested in fixed-term deposits with original maturities ranging from more than three months to one year. |
Cash and Cash Equivalents | 2.19 Cash and Cash Equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less. |
Government Grants | 2.20 Government Grants Government grants are recognized in the statements of financial position initially when there is reasonable assurance that they will be received and that the Group will comply with the conditions attaching to them. Grants that compensate the Group for expenses incurred are recognized as income in profit or loss on a systematic basis in the same period in which the expenses are incurred. Grants that compensate the Group for the cost of an asset are recognized as deferred income consequently are effectively recognized in profit or loss over the useful life of the asset as other income. |
Borrowings | 2.21 Borrowings Borrowings are recognized initially at fair value, net of transaction costs incurred. Borrowings are subsequently stated at amortized cost, any difference between the proceeds (net of transaction costs) and the redemption value is recognized in the statements of income over the period of the borrowings using the effective interest method. Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least twelve months after the statements of financial position date. |
Share Capital | 2.22 Share Capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issuance of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. Where any group company purchases the Company’s equity share capital (treasury shares), the consideration paid, including any directly attributable incremental costs (net of tax) is deducted from equity attributable to equity shareholders of the Company and no gain or loss shall be recognized in the statements of income. |
Employee Benefits | 2.23 Employee Benefits (a) Retirement benefits The Group participates in defined contribution pension schemes. For defined contribution plans, the Group pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The contributions are recognized as employee benefit expenses when they are due. Prepaid contributions are recognized as an asset to the extent that a reduction in the future payments is available. (b) Medical insurance The Group’s contributions to basic and supplementary medical insurances are expensed as incurred. The Group has no further payment obligations once the contributions have been paid. (c) Housing benefits One-off The Group’s contributions to the housing fund, special monetary housing benefits and other housing benefits are expensed as incurred. The Group has no further payment obligations once the contributions have been paid. (d) Supplementary benefits In addition to participating in local governmental defined contribution social insurance, subsidiaries of the Group also provide other post retirement supplementary benefits to their employees, including supplementary pension allowance, reimbursement of medical expenses and supplementary medical insurance. These post retirement supplementary benefits are accounted as defined benefit plan. The present value of the defined benefit obligation is included in non-current (e) Share-based compensation costs The Group operates an equity-settled, share-based compensation plan. The fair value of the employee services received in exchange for the grant of the share options is recognized as an expense. The total amount to be expensed over the vesting period is determined by reference to the fair value of the share options granted at the grant date excluding the impact of any non-market non-market The equity amount is recognized in the employee share-based compensation reserve until either the option is exercised (when it is included in the amount recognized in share capital for the shares issued) or the option expires (when it is released directly to retained profits). (f) Restricted A-Share Restricted shares granted by A-Share At the end of each reporting period, the Group revises its estimates of the number of restricted shares that are expected to be vested. The impact of the revision of the original estimates, if any, is recognized in profit or loss, with a corresponding adjustment to equity. |
Accounts Payable | 2.24 Accounts Payable Accounts payable are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as non-current Accounts payable are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method. |
Provisions | 2.25 Provisions Provisions are recognized when the Group has present legal or constructive obligations as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured at the present value of the pre-tax |
Revenue Recognition | 2.26 Revenue Recognition Income is classified by the Group as revenue when it arises from the provision of services and the sale of goods in the ordinary course of the Group’s business. Revenue is recognized when control over a product or service is transferred to the customer, or the lessee has the right to use the asset, at the amount of promised consideration to which the Group is expected to be entitled, excluding those amounts collected on behalf of third parties. Revenue excludes value added tax or other sales taxes and is after deduction of any trade discounts. Where the contract contains a financing component which provides a significant financing benefit to the customer for more than twelve months, revenue is measured at the present value of the amount receivable, discounted using the discount rate that would be reflected in a separate financing transaction with the customer, and interest income is accrued separately under the effective interest method. Where the contract contains a financing component which provides a significant financing benefit to the Group, revenue recognized under that contract includes the interest expense accreted on the contract liability under the effective interest method. The Group takes advantage of the practical expedient in IFRS 15 and does not adjust the consideration for any effects of a significant financing component if the period of financing is twelve months or less. Further details of the Group’s revenue and other income recognition policies are as follows: • Voice usage and monthly fees are recognized when the services are rendered; • Revenue from the provision of broadband and mobile data services are recognized when the services are provided to customers; • Data and internet application service revenue, which mainly represent revenue from the provision of data storage and application, information communications technology and other internet related services, are recognized when services are rendered; • Other value-added services revenue, which mainly represents revenue from the provision of services such as short message, cool ringtone, personalized ring, caller number display and secretarial services to subscribers etc., are recognized when services are rendered; • Interconnection fees, which represent revenue received or receivable from other domestic and foreign telecommunications operators for the use of the Group’s telecommunications network, are recognized when services are rendered; • Revenue from transmission lines usage and associated services, which mainly represent income from offering lines and customer-end • Standalone sales of telecommunications products, which mainly represent handsets and accessories, and telecommunications equipment, are recognized when title have been passed to the buyers; • The Group offers preferential packages to the customers which include the bundle sale of mobile handset and provision of service. The total contract consideration of such preferential packages is allocated to service revenue and sales of handsets based on their standalone selling prices. Revenue relating to the sale of the handset is recognized when the title is passed to the customer whereas service revenue is recognized based upon the actual usage of the telecommunications service. The cost of the mobile handset is expensed immediately to the statements of income upon revenue recognition. In general revenue from rendering of telecommunication services are recognized over-time upon fulfillment of services obligation, whereas revenue from sales of handsets and other telecommunications equipment, in case they are treated as separate performance obligations, are recognized at a point in time. |
Interest income | 2.27 Interest income Interest income from deposits in banks or other financial institutions is recognized on a time proportion basis, using the effective interest method. For financial assets measured at amortized cost that are not credit-impaired, the effective interest rate is applied to the gross carrying amount of the asset. For credit impaired financial assets, the effective interest rate is applied to the amortized cost of the asset. |
Dividend income | 2.28 Dividend income Dividend income is recognized when the right to receive payment is established. |
Leases (as the lessee) | 2.29 Leases (as the lessee) (a) Operating lease Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor), including long-term prepayment for land use rights, are expensed in the statements of income on a straight-line basis over the period of the lease. (b) Finance lease Leases of assets where the Group has substantially all the risks and rewards of ownership are classified as finance leases. Finance leases are capitalized at the commencement of the lease at the lower of the fair value of the leased assets and the present value of the minimum lease payments. The corresponding liabilities, net of finance charges, are recorded as obligations under finance leases. The interest element implicit in the lease payment is recognized in the statements of income over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. (c) Sale and leaseback Under certain circumstances, the Group may enter into sale and leaseback arrangements whereby it sells certain assets and leases back a portion of those assets. The Group reviews the substance of each of these transactions to determine whether the leaseback is a finance lease or an operating lease. Where it is determined that the leaseback is an operating lease and (i) the Group does not maintain or maintains only minor continuing involvement in these assets, other than the required lease payments and (ii) these transactions are established at fair value, the gain or loss on sale is recognized in the statements of income immediately subject to any elimination of such gain or loss in accordance with Note 2.4 above. Any gain or loss on a sale and finance leaseback transaction is deferred and amortized over the term of the lease. |
Borrowing Costs | 2.30 Borrowing Costs Borrowing costs are expensed as incurred, except for interest directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use, in which case they are capitalized as part of the cost of that asset. Capitalization of borrowing costs commences when expenditures for the asset and borrowing costs are being incurred and the activities to prepare the asset for its intended use are in progress. Borrowing costs are capitalized up to the date when the project is completed and ready for its intended use. To the extent that funds are borrowed specifically for the purpose of obtaining a qualifying asset, the amount of borrowing costs eligible for capitalization is determined at the actual borrowing costs incurred on that borrowing during the period less any investment income on the temporary investment of those borrowings. To the extent that funds are borrowed generally and used for the purpose of obtaining a qualifying asset, the amount of borrowing costs eligible for capitalization is determined by applying a capitalization rate to the expenditures on that asset. The capitalization rate is the weighted average of the borrowing costs applicable to the borrowings of the Group that are outstanding during the period, other than borrowings made specifically for the purpose of obtaining a qualifying asset. The amount of borrowing costs capitalized during a period should not exceed the amount of borrowing cost incurred during that period. Other borrowing costs are recognized as expenses when incurred. |
Taxation | 2.31 Taxation (a) Current income tax The current income tax charge is calculated on the basis of the tax laws enacted or substantially enacted at the statements of financial position date in the countries where the Company and its subsidiaries operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and establishes provisions where appropriate on the basis of the amount expected to be paid to the tax authorities. (b) Deferred income tax 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 goodwill not deductible for tax purposes, 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 to the extent that, in the case of taxable 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 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. |
Dividend Distribution | 2.32 Dividend Distribution Dividend distribution to the Company’s shareholders is recognized as a liability in the Company’s financial statements in the period in which the dividends are approved by the Company’s shareholders. |
Contingent Liabilities and Contingent Assets | 2.33 Contingent Liabilities and Contingent Assets A contingent liability is a possible obligation that arises from past events and whose existence will only be confirmed by the occurrence or non-occurrence A contingent liability is not recognized but is disclosed in the notes to the financial statements. When a change in the probability of an outflow of economic resources occurs so that outflow is probable, the liability will then be recognized as a provision. A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence A contingent asset is not recognized but is disclosed in the notes to the financial statements when an inflow of economic benefits is probable. When an inflow is virtually certain, an asset is recognized. |
Earnings per Share | 2.34 Earnings per Share Basic earnings per share is computed by dividing the income attributable to equity shareholders of the Company by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share is computed by dividing the income attributable to equity shareholders of the Company by the weighted average number of ordinary shares outstanding during the year, after adjusting for the effects of the dilutive potential ordinary shares. |
Related parties | 2.35 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 over 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 (a); or (vii) A person identified in (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. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Summary of Estimated Impact of Adoption of New Accounting Policy on Group's Consolidated Financial Statements | The following table gives a summary of the opening balance adjustments recognized for each line item in the consolidated statements of financial position that has been impacted by IFRS 9 (2014) and IFRS 15: At December 31, 2017 Impact on initial (Note 2.2(c)(ii)) Impact on initial (Note 2.2(c)(iii)) At January 1, 2018 ASSETS Deferred income tax assets 5,973 265 (584 ) 5,654 Contract assets — — 753 753 Other assets 20,721 — (5,275 ) 15,446 Contract costs — — 6,856 6,856 Total non-current 495,261 265 1,750 497,276 Accounts receivable 13,964 (1,118 ) — 12,846 Prepayments and other current assets 13,801 — (2,221 ) 11,580 Contract assets — — 2,221 2,221 Total current assets 76,722 (1,118 ) — 75,604 Total assets 571,983 (853 ) 1,750 572,880 EQUITY Reserves (20,912 ) (85 ) 175 (20,822 ) Retained profits - Proposed final dividend 1,591 — — 1,591 - Others 69,315 (768 ) 1,575 70,122 Total equity 304,347 (853 ) 1,750 305,244 CURRENT LIABILITIES Accounts payable and accrued liabilities 125,260 — 3,671 128,931 Current portion of deferred revenue 350 — (311 ) 39 Advances from customers 49,283 — (49,000 ) 283 Contract liabilities — — 45,640 45,640 NON-CURRENT Deferred revenue 3,020 — (782 ) 2,238 Contract liabilities — — 782 782 Total equity and liabilities 571,983 (853 ) 1,750 572,880 Net current liabilities (165,900 ) (1,118 ) — (167,018 ) Total assets less current liabilities 329,361 (853 ) 1,750 330,258 Further details of these changes are set out in sub-sections |
Summary of Impact of Transition to IFRS 9 on Retained Profits and Reserves and Related Tax Impact | The following table summarizes the impact of transition to IFRS 9 (2014) on retained profits and reserves and the related tax impact at January 1, 2018. Reserves and Retained profits Recognition of additional expected credit losses on: - financial assets measured at amortized cost (1,118 ) Related tax 265 Net decrease in retained profits and reserves at January 1, 2018 (853 ) |
Summary of Reconciles of Closing and Opening Loss Allowance | The following table reconciles the closing loss allowance determined in accordance with IFRS 9 (2010) as of December 31, 2017 with the opening loss allowance determined in accordance with IFRS 9 (2014) as of January 1, 2018. Loss allowance at December 31, 2017 under IFRS 9 (2010) 6,657 Additional credit loss recognized at January 1, 2018 on: - Accounts receivable 1,118 Loss allowance at January 1, 2018 under IFRS 9 (2014) 7,775 |
Summary of Impact of Transition to IFRS 15 on Retained Profits and Reserves and Related Tax Impact | The following table summarizes the impact of transition to IFRS 15 on retained profits and reserves and the related tax impact at January 1, 2018: Reserves and Retained profits Capitalization of sales commissions 2,334 Related tax (584 ) Net increase in retained profits and reserves at January 1, 2018 1,750 |
Schedule of New and Amendments to IFRS and IAS Standards That Are Not Yet Effective for the Year | The IASB has issued a number of new IFRSs and amendments to IFRSs and IAS which are not yet effective for the year ended December 31, 2018 and which have not been adopted in these financial statements. Of these, the following developments are relevant to the Group’s financial statements: Effective for IFRS 16, “Leases” January 1, 2019 IFRIC 23, “Uncertainty over income tax treatments” January 1, 2019 Annual Improvements to IFRSs 2015-2017 Cycle January 1, 2019 Amendments to IAS 28, “Long-term interest in associates and joint ventures” January 1, 2019 |
Summary of Estimated Useful Lives of Property Plant and Equipment | Depreciation on property, plant and equipment is calculated using the straight-line method to allocate their costs less their residual values over their estimated useful lives, as follows: Depreciable life Residual rate Buildings 10 - 30 years 3-5 % Telecommunications equipment 5 - 10 years 3-5 % Office furniture, fixtures, motor vehicles and other equipment 5 - 10 years 3-5 % |
IFRS 15 [member] | |
Statement [LineItems] | |
Summary of Estimated Impact of Adoption of New Accounting Policy on Group's Consolidated Financial Statements | The following tables summarize the estimated impact of adoption of IFRS 15 on the Group’s consolidated financial statements for the year ended December 31, 2018, by comparing the amounts reported under IFRS 15 in these consolidated financial statements with estimates of the hypothetical amounts that would have been recognized under IAS 18 and IAS 11 if those superseded standards had continued to apply to 2018 instead of IFRS 15. These tables show only those line items impacted by the adoption of IFRS 15: Amounts reported in accordance with IFRS 15 Hypothetical amounts under IASs 18 and 11 Difference: Estimated impact of adoption of IFRS 15 on 2018 Line items in the consolidated statements of income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: Other operating expenses 62,561 62,074 487 Income before taxation 13,081 13,568 (487 ) Income tax expenses (2,824 ) (2,946 ) 122 Net Income for the year 10,257 10,622 (365 ) Net Income attributable to equity shareholders of the Company 10,197 10,562 (365 ) Earnings per share for income attributable to equity shareholders of the Company during the year: Basic earnings per share (RMB) 0.33 0.34 (0.01 ) Diluted earnings per share (RMB) 0.33 0.34 (0.01 ) Line items in the consolidated statements of comprehensive income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: Total comprehensive income for the year 10,012 10,377 (365 ) Total comprehensive income attributable to: Equity shareholders of the Company 9,952 10,317 (365 ) Amounts reported in accordance with IFRS 15 Hypothetical amounts under IASs 18 and 11 Difference: Estimated impact of adoption of IFRS 15 on 2018 Line items in the consolidated statements of financial position as of December 31, 2018 impacted by the adoption of IFRS 15: ASSETS Deferred income tax assets 3,401 3,630 (229 ) Contract assets 570 — 570 Other assets 14,645 19,000 (4,355 ) Contract costs 5,632 — 5,632 Total non-current 464,411 462,793 1,618 Prepayments and other current assets 11,106 12,360 (1,254 ) Contract assets 1,254 — 1,254 Total current assets 75,909 75,909 — Total assets 540,320 538,702 1,618 EQUITY Reserves (20,154 ) (20,293 ) 139 Retained profits - Others 75,920 74,674 1,246 Total equity 314,286 312,901 1,385 LIABILITIES Accounts payable and accrued liabilities 122,458 119,060 3,398 Taxes payable 911 678 233 Current portion of deferred revenue 78 1,161 (1,083 ) Advances from customers 328 45,293 (44,965 ) Contract liabilities 42,650 — 42,650 Total current liabilities 214,910 214,677 233 Total equity and liabilities 540,320 538,702 1,618 Net current liabilities (139,001 ) (138,768 ) (233 ) Total assets less current liabilities 325,410 324,025 1,385 Line items in the reconciliation of income before taxation to cash generated from operations for the year ended December 31, 2018 impacted by the adoption of IFRS 15: Income before taxation 13,081 13,568 (487 ) Increase in contract costs (3,001 ) — (3,001 ) Decrease/(Increase) in other assets 1,584 (1,721 ) 3,305 Decrease in contract assets 1,150 — 1,150 Decrease in prepayments and other current assets 60 1,027 (967 ) Increase in accounts payable and accrued liabilities 6,591 6,268 323 Decrease in contract liabilities (4,322 ) — (4,322 ) Increase in deferred revenue 1,474 1,464 10 Increase/(Decrease) in advances from customers 45 (3,944 ) 3,989 |
Financial Risk Management and_2
Financial Risk Management and Fair Values of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Summary of Undiscounted Balances of Financial Liabilities | The following tables show the undiscounted balances of the financial liabilities (including interest expense) categorized by time from the end of the period under review to the contractual maturity date: Less than Between 1 Between 2 Over 5 Carrying At December 31, 2017 Long-term bank loans 412 444 1,329 2,567 3,883 Corporate bonds 544 17,282 1,049 — 17,981 Promissory notes 18,440 — — — 17,960 Other obligations 3,006 293 48 47 3,419 Accounts payable and accrued liabilities 125,260 — — — 125,260 Amounts due to related parties 8,138 — — — 8,126 Amounts due to ultimate holding company 2,184 — — — 2,176 Amounts due to domestic carriers 2,538 — — — 2,538 Commercial papers 9,127 — — — 8,991 Short-term bank loans 22,945 — — — 22,500 192,594 18,019 2,426 2,614 212,834 At December 31, 2018 Long-term bank loans 452 439 1,334 2,150 3,614 Corporate bonds 17,282 34 1,015 — 17,993 Other obligations 2,853 32 48 49 3,034 Accounts payable and accrued liabilities 122,458 — — — 122,458 Amounts due to related parties 8,977 132 3,436 — 11,885 Amounts due to ultimate holding company 1,214 — — — 1,214 Amounts due to domestic carriers 2,144 — — — 2,144 Short-term bank loans 15,449 — — — 15,085 170,829 637 5,833 2,199 177,427 |
Summary of Debt-to-Capitalization Ratios | The Group’s debt-to-capitalization 2017 2018 Interest-bearing debts: - Commercial papers 8,991 — - Short-term bank loans 22,500 15,085 - Long-term bank loans 3,473 3,173 - Corporate bonds 17,981 999 - Obligations under finance lease included in other obligations 231 6 - Amounts due to ultimate holding company 1,344 — - Amounts due to related parties 475 3,090 - Current portion of long-term bank loans 410 441 - Current portion of promissory notes 17,960 — - Current portion of corporate bonds — 16,994 - Current portion of obligations under finance lease 461 234 73,826 40,022 Total equity: 304,347 314,286 Interest-bearing debts plus total equity 378,173 354,308 Debt-to-capitalization 19.5 % 11.3 % |
Summary of Assets Measured at Fair Value | The following table presents the Group’s assets that are measured at fair value at December 31, 2017: Level 1 Level 2 Level 3 Total Recurring fair value measurement: Financial assets at fair value through other comprehensive income - Equity securities -Listed 4,228 — — 4,228 -Unlisted — — 58 58 4,228 — 58 4,286 Financial assets at fair value through profit and loss - Equity securities -Unlisted — — 63 63 -Wealth management products — 97 — 97 Total 4,228 97 121 4,446 The following table presents the Group’s assets that are measured at fair value at December 31, 2018: Level 1 Level 2 Level 3 Total Recurring fair value measurement: Financial assets at fair value through other comprehensive income - Equity securities -Listed 3,845 — — 3,845 -Unlisted — — 58 58 3,845 — 58 3,903 Financial assets at fair value through profit and loss - Equity securities -Unlisted — — 200 200 -Wealth management products — 570 — 570 Total 3,845 570 258 4,673 |
Summary of Financial Instruments Measured at Carrying Value that are not Materially Different from their Fair Values | The carrying amounts of the Group’s financial instruments carried at amortized cost are not materially different from their fair values as of December 31, 2017 and 2018. Their carrying amounts, fair values and the level of fair values hierarchy are disclosed below: Carrying Fair value as of Carrying Fair value as of Fair value measurement as of Level 1 Level 2 Level 3 Non-current 3,473 3,187 3,173 3,098 — 3,098 — Non-current 17,981 17,712 999 1,014 1,014 — — |
Foreign exchange risk [member] | |
Statement [LineItems] | |
Summary of Foreign Exchange Risk | The following table details the Group’s exposure at the end of the reporting period to currency risk arising from recognized assets or liabilities denominated in a currency other than the functional currency of the entity to which they relate and have been translated to RMB at the applicable rates quoted by the People’s Bank of China (“PBOC”) as of December 31, 2017 and 2018. 2017 2018 Original Exchange rate RMB Original Exchange rate RMB Cash and cash equivalents: - denominated in HK dollars 508 0.84 425 66 0.88 58 - denominated in US dollars 150 6.53 980 114 6.86 783 - denominated in Euro 12 7.80 95 16 7.85 123 - denominated in Japanese Yen 17 0.06 1 17 0.06 1 - denominated in SGD — 4.88 1 — 5.01 — - denominated in GBP 1 8.78 10 — 8.68 1 - denominated in CHF — 6.68 — — 6.95 1 Sub-total 1,512 967 Accounts receivable: - denominated in HK dollars — 0.84 — 1 0.88 1 - denominated in US dollars 229 6.53 1,496 233 6.86 1,599 - denominated in Euro 2 7.80 16 1 7.85 8 Sub-total 1,512 1,608 Financial assets at fair value through other comprehensive income: - denominated in Euro 522 7.80 4,070 471 7.85 3,698 Total 7,094 6,273 Borrowings: - denominated in US dollars 43 6.53 278 37 6.86 252 - denominated in Euro 9 7.80 72 8 7.85 62 - denominated in HK dollars 520 0.84 435 2 0.88 2 Sub-total 785 316 Accounts payable: - denominated in US dollars 58 6.53 379 73 6.86 501 - denominated in Euro 2 7.80 16 1 7.85 8 Sub-total 395 509 Total 1,180 825 |
Revenue (Tables)
Revenue (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Disaggregation of Revenue From Customers by Major Services and Products | Disaggregation of revenue from customers by major services and products: 2016 (Note) 2017 (Note) 2018 Voice usage and monthly fees 47,500 39,154 32,486 Broadband and mobile data services 118,209 137,133 148,431 Data and internet application services 17,782 20,074 26,489 Other value-added services 24,187 22,793 24,606 Interconnection fees 14,748 14,233 13,708 Transmission lines usage and associated services 11,618 12,519 14,178 Other services 3,989 3,109 3,785 Total service revenue 238,033 249,015 263,683 Sales of telecommunications products 36,164 25,814 27,194 Total 274,197 274,829 290,877 Include: Revenue from contracts with customers within the scope of IFRS 15 289,810 Revenue from other sources 1,067 |
Network, Operation and Suppor_2
Network, Operation and Support Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Network, Operation and Support Expenses | Note 2016 2017 2018 Repairs and maintenance 11,150 10,531 11,102 Power and water charges 13,898 14,853 14,481 Operating lease and other services charges for network, premises, equipment and facilities 9,779 10,724 11,445 Operating lease and other service charges from China Tower Corporation Limited (“Tower Company”) 44.2 14,887 16,524 15,982 Others 1,453 1,875 2,067 51,167 54,507 55,077 |
Employee Benefit Expenses (Tabl
Employee Benefit Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Employee Benefit Expenses | Note 2016 2017 2018 Salaries and wages 27,178 32,155 35,498 Contributions to defined contribution pension schemes 5,236 5,550 6,823 Contributions to medical insurance 1,889 2,010 2,241 Contributions to housing fund 2,569 2,722 2,944 Other housing benefits 35 34 23 Share-based compensation 43 — — 614 36,907 42,471 48,143 |
Costs of Telecommunications P_2
Costs of Telecommunications Products Sold (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Costs of Telecommunications Products Sold | 2016 2017 2018 Handsets and other telecommunication products 38,888 26,406 27,403 Others 413 237 201 39,301 26,643 27,604 |
Other Operating Expenses (Table
Other Operating Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Operating Expenses | Note 2016 2017 2018 Credit loss allowance and write-down of inventories 4,173 3,955 3,846 Commission and other service expenses 23,826 22,658 23,151 Advertising and promotion expenses 2,325 2,463 2,882 Internet access terminal maintenance expenses 3,857 3,547 3,358 Customer retention costs 3,775 3,987 4,085 Auditors’ remuneration 69 74 78 Property management fee 2,150 2,169 2,192 Office and administrative expenses 1,972 1,919 1,763 Transportation expense 1,676 1,642 1,565 Miscellaneous taxes and fees 1,375 1,251 1,387 Service technical support expenses 4,641 4,355 8,035 Repairs and maintenance expenses 852 824 770 Loss on disposal of property, plant and equipment 15 355 3,489 4,148 Others 3,539 4,833 5,301 54,585 57,166 62,561 |
Finance Costs (Tables)
Finance Costs (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Finance Costs | Note 2016 2017 2018 Finance costs: - Interest on bank loans repayable within 5 years 2,730 3,378 908 - Interest on corporate bonds, promissory notes and commercial papers repayable within 5 years 2,885 2,403 1,113 - Interest on related party loans repayable within 5 years — 73 33 - Interest on bank loans repayable over 5 years 62 53 47 - Less: Amounts capitalized in CIP 15 (769 ) (670 ) (534 ) Total interest expense 4,908 5,237 1,567 - Net exchange (gain)/loss (260 ) 231 (80 ) - Others 369 266 138 5,017 5,734 1,625 |
Other Income - Net (Tables)
Other Income - Net (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Income - Net | 2016 2017 2018 Dividend income from financial assets at fair value through other comprehensive income 357 206 203 Others 1,234 1,074 580 1,591 1,280 783 |
Taxation (Tables)
Taxation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Income Tax Expenses | 2016 2017 2018 Provision for income tax on the estimated taxable income for the year - Hong Kong 13 44 88 - Mainland China and other countries 1,722 654 459 (Over)/Under-provision in respect of prior years (41 ) 39 18 1,694 737 565 Deferred taxation (1,540 ) 6 2,259 Income tax expenses 154 743 2,824 |
Summary of Reconciliation Between Actual Income Tax Expense and Accounting Profit | Reconciliation between actual income tax expense and accounting profit at PRC statutory tax rate: Note 2016 2017 2018 Income before taxation 784 2,593 13,081 Expected income tax expense at PRC statutory tax rate of 25% 196 648 3,270 Impact of different tax rates outside Mainland China (14 ) (55 ) (47 ) Tax effect of preferential tax rate (i ) (68 ) (82 ) (91 ) Tax effect of non-deductible 191 300 421 Tax effect of non-taxable (38 ) (143 ) (150 ) Tax effect of non-taxable (ii ) 39 (133 ) (369 ) (Over)/Under-provision in respect of prior years (41 ) 39 18 Tax effect of unused tax losses not recognized, net of utilization (iii ) (45 ) 49 (162 ) Others (66 ) 120 (66 ) Actual tax expense 154 743 2,824 (i) According to the PRC enterprise income tax law and its relevant regulations, entities that are qualified as High and New Technology Enterprise under the tax law are entitled to a preferential income tax rate of 15%. Certain subsidiaries of the Group obtained the approval of High and New Technology Enterprise and were entitled to a preferential income tax rate of 15%. (ii) Adjustment to investment in associates represents the tax effect on share of net loss/(profit) of associates, including dilution gain, net of reversal of deferred tax assets on release of unrealized profit from transactions with Tower Company. (iii) As of December 31, 2018, the Group did not recognize deferred tax assets in respect of tax losses of approximately RMB1,313 million (2017: approximately RMB1,923 million), since it is not probable that future taxable profits will be available against which the deferred tax asset can be utilized. The tax losses can be carried forward for five years from the year incurred and hence will be expired by the year of 2023. |
Summary of Analysis of Deferred Tax Assets and Deferred Tax Liabilities | The analysis of deferred tax assets and deferred tax liabilities are as follows: 2017 2018 Deferred tax assets: - Deferred tax asset to be recovered after 12 months 8,011 7,931 - Deferred tax asset to be recovered within 12 months 2,598 2,011 10,609 9,942 Deferred tax liabilities: - Deferred tax liabilities to be settled after 12 months (4,079 ) (5,770 ) - Deferred tax liabilities to be settled within 12 months (557 ) (771 ) (4,636 ) (6,541 ) Net deferred tax assets after offsetting 5,973 3,401 Deferred tax liabilities: - Deferred tax liabilities to be settled after 12 months (108 ) (111 ) - Deferred tax liabilities to be settled within 12 months — — (108 ) (111 ) Net deferred tax liabilities after offsetting (108 ) (111 ) |
Summary of Movement of Net Deferred Tax Assets/(Liabilities) | The movement of the net deferred tax assets/(liabilities) is as follows: Note 2016 2017 2018 Net deferred tax assets after offsetting: - Balance at December 31, 2015, 2016 and 2017 5,642 5,986 5,973 - Impact on initial application of IFRS 15 — — (584 ) - Impact on initial application of IFRS 9 (2014) — — 265 - Balance at January 1, 2016, 2017 and 2018 5,642 5,986 5,654 - Deferred tax credited/ (charged) to the statements of income 1,635 (11 ) (2,256 ) - Deferred tax credited/ (charged) to other comprehensive income 13 (2 ) 3 - Reclassified from current taxes payable (i ) (1,304 ) — — - End of year 5,986 5,973 3,401 Net deferred tax liabilities after offsetting: - Beginning of year (18 ) (113 ) (108 ) - Deferred tax (charged)/ credited to the statements of income (95 ) 5 (3 ) - End of year (113 ) (108 ) (111 ) (i) On October 14, 2015, The Group disposed tower assets (“Tower Assets Disposal”) to Tower Company in exchange for cash and shares issued by Tower Company (see Note 4). According to the applicable tax laws issued by the Ministry of Finance (“MOF”) and the SAT of the PRC, the gain from Tower Assets Disposal in exchange for investment in Tower Company (“Qualified Income”) is, upon fulfilling the filing requirement with in-charge in-charge |
Summary of Components of Deferred Tax Assets/(Liabilities) | The components of the deferred tax assets/(liabilities) recognized in the consolidated statements of financial position and the movements during the year are as follows: Credit Unrecognized Deductible Accruals of Unrealized Accelerated (Note (iii) ) Gain from (Note (ii)) Contract costs Others Total Deferred tax arising from: At January 1, 2016 1,431 1,504 — 1,221 877 (992 ) — — 1,583 5,624 Credited/(Charged) to the statements of income 122 (53 ) 2,433 472 (90 ) (1,251 ) 186 — (279 ) 1,540 Credited to other comprehensive income — — — — — — — — 13 13 Reclassification of current tax payable — — — — — — (1,304 ) — — (1,304 ) At December 31, 2016 1,553 1,451 2,433 1,693 787 (2,243 ) (1,118 ) — 1,317 5,873 Credited/(Charged) to the statements of income 50 (48 ) (189 ) 861 (90 ) (1,627 ) 373 — 664 (6 ) Charged to other comprehensive income — — — — — — — — (2 ) (2 ) At December 31, 2017 1,603 1,403 2,244 2,554 697 (3,870 ) (745 ) — 1,979 5,865 Impact on initial application of IFRS 15 — — — — — — — (584 ) — (584 ) Impact on initial application of IFRS 9 265 — — — — — — — — 265 At January 1, 2018 1,868 1,403 2,244 2,554 697 (3,870 ) (745 ) (584 ) 1,979 5,546 (Charged)/Credited to the statements of income (154 ) (49 ) (941 ) 626 (252 ) (2,051 ) 373 355 (166 ) (2,259 ) Credited to other comprehensive income — — — — — — — — 3 3 At December 31, 2018 1,714 1,354 1,303 3,180 445 (5,921 ) (372 ) (229 ) 1,816 3,290 |
Summary of Temporary Differences | Deferred taxation as of year-end Note 2017 2018 Net deferred tax assets after offsetting: Deferred tax assets: Credit loss allowance 1,603 1,714 Unrecognized revaluation surplus on prepayments for the leasehold land determined under PRC regulations (i ) 1,403 1,354 Accruals of expenses not yet deductible for tax purpose 2,554 3,180 Deferred revenue on subscriber points reward program 183 203 Unrealized income for the inter-company transactions 120 153 Unrealized income from the transactions with Tower Company 697 445 Government grants related to assets 363 536 Intangible assets amortization difference 423 418 Deductible tax losses 2,244 1,303 Others 1,019 636 10,609 9,942 Deferred tax liabilities: Gain from Tower Assets Disposal (745 ) (372 ) Accelerated depreciation of property, plant and equipment (ii ) (3,870 ) (5,921 ) Contract costs — (229 ) Others (21 ) (19 ) (4,636 ) (6,541 ) 5,973 3,401 Net deferred tax liabilities after offsetting: Deferred tax liabilities: Accelerated depreciation for tax purpose (108 ) (111 ) (108 ) (111 ) (i) The prepayments for the leasehold land were revalued for PRC tax purposes as of December 31, 2003 and 2004. However, the resulting revaluations of the prepayments for the leasehold land were not recognized under IFRSs. Accordingly, deferred tax assets were recorded by the Group under IFRSs. (ii) According to “Announcement on Enterprise Income Tax Policy for Those Enterprise Involved in the Accelerated Depreciation of Property, Plant and Equipment” (Caishui [2014] No.75) issued by the MOF and the State Administration of Taxation (“SAT ”) of the PRC, starting from 2014, the Group’s property, plant and equipment that comply with this tax policy are allowed to be depreciated under the accelerated depreciation method, or fully deducted for tax purpose in the year of purchase. Temporary differences arise from the different useful life under tax basis and accounting basis have been recorded as deferred tax liabilities. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Computation of Basic and Diluted Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share: Note 2016 2017 2018 Numerator (in RMB millions): Income attributable to equity shareholders of the Company used in computing basic/diluted earnings per share 625 1,828 10,197 Denominator (in millions): Weighted average number of ordinary shares outstanding used in computing basic/diluted earnings per share (i) 23,947 24,567 30,598 Basic/Diluted earnings per share (in RMB) 0.03 0.07 0.33 (i) Weighted average number of ordinary shares |
Summary of Weighted Average Number of Ordinary Shares | 2016 2017 2018 (in millions) (in millions) (in millions) Issued ordinary shares at January 1 23,947 23,947 30,598 Effect of shares issued — 620 — Weighted average number of ordinary shares at December 31 23,947 24,567 30,598 |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Movements of Property, Plant and Equipment | The movements of property, plant and equipment for the years ended December 31, 2017 and 2018 are as follows: 2017 Buildings Tele- Office furniture, motor vehicles and Leasehold CIP Total Cost: Beginning of year 67,140 876,452 20,007 4,035 78,905 1,046,539 Additions 129 293 426 290 41,510 42,648 Transfer from CIP 4,219 58,535 783 284 (63,821 ) — Transfer to other assets — — — — (4,376 ) (4,376 ) Disposals (411 ) (64,588 ) (1,046 ) (319 ) — (66,364 ) End of year 71,077 870,692 20,170 4,290 52,218 1,018,447 Accumulated depreciation and impairment: Beginning of year (29,174 ) (548,472 ) (14,986 ) (2,687 ) (105 ) (595,424 ) Charge for the year (2,765 ) (62,311 ) (1,386 ) (810 ) — (67,272 ) Disposals 225 59,384 928 308 — 60,845 End of year (31,714 ) (551,399 ) (15,444 ) (3,189 ) (105 ) (601,851 ) Net book value: End of year 39,363 319,293 4,726 1,101 52,113 416,596 Beginning of year 37,966 327,980 5,021 1,348 78,800 451,115 2018 Buildings Tele- Office furniture, motor vehicles and Leasehold CIP Total Cost: Beginning of year 71,077 870,692 20,170 4,290 52,218 1,018,447 Additions 136 469 396 135 43,574 44,710 Transfer from CIP 2,959 44,805 746 253 (48,763 ) — Transfer to other assets — — — — (4,723 ) (4,723 ) Disposals (296 ) (69,581 ) (1,232 ) (762 ) — (71,871 ) End of year 73,876 846,385 20,080 3,916 42,306 986,563 Accumulated depreciation and impairment: Beginning of year (31,714 ) (551,399 ) (15,444 ) (3,189 ) (105 ) (601,851 ) Charge for the year (2,712 ) (62,308 ) (1,271 ) (551 ) (13 ) (66,855 ) Disposals 204 64,496 1,156 762 — 66,618 End of year (34,222 ) (549,211 ) (15,559 ) (2,978 ) (118 ) (602,088 ) Net book value: End of year 39,654 297,174 4,521 938 42,188 384,475 Beginning of year 39,363 319,293 4,726 1,101 52,113 416,596 |
Lease Prepayments (Tables)
Lease Prepayments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Movement of Lease Prepayments | The movement of lease prepayments for the years ended December 31, 2017 and 2018 are as follow: 2017 2018 Beginning of the year 9,436 9,313 Addition 186 282 Amortization (309 ) (305 ) End of the year 9,313 9,290 |
Investments in Subsidiaries (Ta
Investments in Subsidiaries (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Investments accounted for using equity method [abstract] | |
Summary of Company's Subsidiaries | As of December 31, 2018, the details of the Company’s subsidiaries are as follows: Name Place and date of incorporation /establishment and Percentage of Particular of issued share Principal activities and place of operation Direct Indirect China United Network Communications Corporation Limited (“CUCL”) The PRC, April 21, 2000, limited liability company 100 % — RMB 213,044,797,828 Telecommunications operation in the PRC China Unicom Global Limited Hong Kong, May 29,2015, limited company 100 % — HKD 2,625,097,491 Investment holding China Unicom (Hong Kong) Operations Limited Hong Kong, May 24, 2000, limited company — 100 % HKD 1,510,100,000 Telecommunications service in Hong Kong China Unicom (Americas) Operations Limited USA, May 24, 2002, limited company — 100 % 5,000 shares, USD100 each Telecommunications service in the USA China Unicom (Europe) Operations Limited The United Kingdom, November 8, 2006, limited company — 100 % 4,861,000 shares, GBP1 each Telecommunications operation in the United Kingdom China Unicom (Japan) Operations Corporation Japan, January 25, 2007, limited company — 100 % 1,000 shares, JPY366,000 each Telecommunications operation in Japan China Unicom (Singapore) Operations Pte Limited Singapore, August 5, 2009, limited company — 100 % 30,000,000 shares, RMB1 each Telecommunications operation in Singapore China Unicom (South Africa) Operations (Pty) Limited South Africa, November 19, 2012, limited liability company — 100 % 100 shares, Telecommunications operation in South Africa China Unicom (MYA) Operations Company Limited The Republic of the Union of Myanmar (“Myanmar”), June 7, 2013, limited liability company 30 % 70 % 2,150,000 shares, USD1 each Communications technology training in Myanmar China Unicom (Australia) Operations Pty Limited Australia, May 27, 2014, limited liability company — 100 % 4,350,000 shares, AUD 1 each Telecommunications operation in Australia China Unicom (Russia) Operations Limited Liability Company Russia, December 28, 2016, limited liability company — 100 % RUB10,000 Telecommunications service in Russia Name Place and date of incorporation /establishment and Percentage of Particulars of capital/paid up capital Principal activities and place of operation Direct Indirect China Unicom (Brazil) Telecommunications Limited Brazil, June 23, 2016, limited liability company — 100 % R$ 21,165,840 Telecommunications service in Brazil China Unicom (Brazil) Holdings Ltda. Brazil, October 27, 2017 , limited liability company — 100 % R$ 21,277,298 Investment holding China Unicom Operations (Thailand) Limited Thailand, November 20, 2017, limited liability company — 100 % 20,000 shares, Baht100 each Telecommunications service in Thailand China Unicom Operations (Malaysia) Sdn. Bhd Malaysia, November 10, 2017, limited liability company — 100 % 10,000 shares, MYR1 each Telecommunications service in Malaysia China Unicom Operations Korea Co., Ltd Korea, November 24, 2017, limited liability company — 100 % 60,000 shares, KRW5,000 each Telecommunications service in Korea China Unicom (Vietnam) Operations Company Limited Vietnam, April 19, 2018, limited liability company — 100 % VND 2,276,000,000 Telecommunications service in Vietnam China Unicom Operations (Cambodia) Operations Co.Ltd Cambodia, May 11, 2018, limited liability company — 100 % 10,000 shares, Riels4,000 each Telecommunications service in Cambodia Unicom Vsens Telecommunications Company Limited The PRC, August 19, 2008, limited liability company — 100 % RMB 610,526,500 Sales of handsets, telecommunication equipment and provision of technical services in the PRC China Unicom System Integration Limited Corporation The PRC, April 30, 2006, limited liability company — 100 % RMB 932,200,000 Provision of information communications technology services in the PRC China Unicom Online Information Technology Company Limited The PRC, March 29, 2006, limited liability company — 100 % RMB 400,000,000 Provision of internet information services and value-added telecommunications services in the PRC Beijing Telecom Planning and Designing Institute Company Limited The PRC, April 25, 1996, limited liability company — 100 % RMB 264,227,115 Provision of telecommunications network construction, planning and technical consulting services in the PRC Name Place and date of incorporation /establishment and nature of legal entity Percentage of Particular of up capital Principal activities and place of operation Direct Indirect China Information Technology Designing & Consulting Institute Company Limited The PRC, November 11, 1991, limited liability company — 100 % RMB 430,000,000 Provision of consultancy, survey, design and contract services relating to information projects and construction projects in the telecommunications industry in the PRC China Unicom Information Navigation Company Limited The PRC, September 17, 1998, limited liability company — 100 % RMB 6,825,087,800 Provision of customer services in the PRC Huaxia P&T Project Consultation and Management Company Limited The PRC, March 5, 1998, limited liability company — 100 % RMB 50,100,000 Provision of project consultation and management service in the PRC Zhengzhou Kaicheng Industrial Company Limited The PRC, December 21, 2005, limited liability company — 100 % RMB 2,200,000 Provision of property management services in the PRC Unicompay Company Limited The PRC, April 11, 2011, limited liability company — 100 % RMB 250,000,000 Provision of e-payment Beijing Wo Digital Media Advertising Co., Ltd The PRC, July 21, 2006, limited liability company — 100 % RMB 20,000,000 Provision of advertising design, production, agency and publication in the PRC Unicom Horizon Mobile Communications Company Limited(“Unicom Horizon”) The PRC, February 14, 2001, limited liability company — 100 % RMB 40,233,739,557 Provision of lease service of telecommunications networks in the PRC Place and date of incorporation /establishment and Percentage of Particular of up capital Principal activities and place of operation Name Direct Indirect Unicom Cloud Data Company Limited The PRC, June 4, 2013, limited liability company — 100 % RMB 2,854,851,100 Provision of technology development, transfer and consulting service in the PRC Unicom Innovation Investment Company Limited The PRC, April 29, 2014, limited liability company — 100 % RMB 740,000,000 Venture capital investment business in the PRC Xiaowo Technology Co. Ltd The PRC, October 24, 2014, limited liability company — 100 % RMB 200,000,000 Communications technology development and promotion in the PRC China Unicom Smart Connection Technology Company Limited The PRC, August 7, 2015, limited liability company — 100 % RMB 170,000,000 Auto informatization in the PRC Unicom Intelligent Network Ruixing Technology (Beijing) Co., Ltd. The PRC September 26, 2018, limited liability company — 80 % RMB 10,000,000 Provision of technology promotion service of intelligent transportation system’s products in the PRC Unicom Intelligent Vehicle Technology (Shanghai) Co., Ltd The PRC September 28, 2018, limited liability company — 100 % Not Provision of technology development, technology consultation and other services in the PRC Finance Company The PRC, June 17, 2016, limited liability company — 91 % RMB 3,000,000,000 Provision of financial services in the PRC China Unicom Innovation Investment Company (Shenzhen) Limited The PRC, January 28, 2016, limited liability company — 100 % Not Venture capital investment business in the PRC China Unicom Innovation Investment Company (Guizhou) Limited The PRC, October 8, 2016, limited liability company — 60 % RMB 1,000,000 Venture capital investment business in the PRC China Unicom Innovation Investment (Shenzhen) Investment Center The PRC, February 1, 2016, limited partnership — 100 % RMB 28,500,000 Venture capital investment business in the PRC Unicom Big Data Co., Ltd. The PRC, August 24, 2017, limited liability company — 100 % RMB 165,000,000 Provision of data processing service in the PRC Place and date of incorporation /establishment and Percentage of Particular of Principal activities and place of operation Name Direct Indirect Liantong Travel Service (Beijing) Company Limited The PRC, September 30, 2017, limited liability company — 100 % RMB 12,000,000 Provision of tourism and information services in the PRC China Unicom (Guangdong Branch) Internet Industry Limited The PRC, January 5, 2017, limited liability company — 100 % RMB 100,000,000 Provision of information communications technology services in the PRC China Unicom (Zhejiang) Industry Internet Company Limited The PRC, June 20, 2017, limited liability company — 100 % RMB 11,000,000 Provision of information communications technology services in the PRC China Unicom (ShanDong) Industrial Internet Company Limited The PRC, March 3, 2017, limited liability company — 100 % RMB 50,000,000 Provision of information communications technology services in the PRC China Unicom (Fujian) Industrial Internet Company Limited The PRC, February 23, 2018, limited liability company — 100 % RMB 50,000,000 Provision of information communications technology services in the PRC China Unicom (Shanxi) Industrial Internet Company Limited The PRC, March 21, 2018, limited liability company — 100 % RMB 20,000,000 Provision of information communications technology services in the PRC China Unicom Xiongan Industrial Internet Company Limited The PRC, April 25, 2018, limited liability company — 100 % RMB 15,000,000 Provision of information communications technology services in the PRC China Unicom (Sichuan) Industrial Internet Company Limited The PRC, March 29, 2018, limited liability company — 100 % RMB 50,000,000 Provision of information communications technology services in the PRC China Unicom (Liaoning) Industrial Internet Company Limited The PRC, March 28, 2018, limited liability company — 100 % RMB 5,000,000 Provision of information communications technology services in the PRC China Unicom (Shaanxi) Industrial Internet Company Limited The PRC, March 27, 2018, limited liability company — 100 % RMB 20,000,000 Provision of information communications technology services in the PRC Place and date of incorporation /establishment and nature of legal entity Percentage of Particular of Principal activities and place of operation Name Direct Indirect China Unicom (Jiangsu) Industrial Internet Company Limited The PRC, May 9, 2018, limited liability company — 100 % RMB 26,200,000 Provision of information communications technology services in the PRC China Unicom (Shanghai) Industrial Internet Company Limited The PRC, March 13, 2018, limited liability company — 100 % RMB 20,000,000 Provision of information communications technology services in the PRC China Unicom (Heilongjiang) Industrial Internet Company Limited The PRC, March 14, 2018, limited liability company — 100 % RMB 15,000,000 Provision of information communications technology services in the PRC China Unicom Video Technology Co., Ltd. The PRC, January 17, 2018, limited liability company — 100 % RMB 100,000,000 Provision of technology research and development, consultation and services of TV Video and Mobile Video in the PRC China Unicom Internet of Things Corporation Limited The PRC, March 16, 2018, limited liability company — 100 % RMB 107,000,000 Online Data Processing and Transaction Business in the PRC China Unicom High-tech Big Data Artificial Intelligence Technology (Chengdu) Co., Ltd. The PRC, March 29, 2018, limited liability company — 100 % RMB 10,000,000 Provision of Big Data Service in the PRC China Unicom iRead Science and Culture, Co., Ltd. The PRC, April 28, 2018, limited liability company — 100 % RMB 51,000,000 Provision of Online Video, Online Reading Material in the PRC China Unicom WO Music & Culture Co., Ltd. The PRC, May 8, 2018, limited liability company — 100 % RMB 100,000,000 Provision of Network Music Service in the PRC China Unicom Leasing Co., Ltd. The PRC, April 11, 2018, limited liability company 25 % 75 % RMB 2,000,000,000 Provision of Financing leasing business in the PRC |
Interest in Associates (Tables)
Interest in Associates (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Summary of Share of Net Assets in Associates | 2017 2018 Share of net assets 33,233 35,758 |
Summary of Particulars of Material Associate | The following list contains the particulars of a material associate: Name Form of Place of Proportion of Paid up capital Principal activities Tower Company Incorporated The PRC 20.65 % RMB 176,008,471,024 Construction, maintenance and operation of communications towers in the PRC (Note 44.2) |
Summary of Fair Values of Interests in Associates Based on Quoted Market Prices Without any Deduction for Transaction Costs | The fair values of the interests in Tower Company is based on quoted market prices (level 1: quoted price (unadjusted) in active markets) at the financial position date without any deduction for transaction costs and disclosed as follows: As of December 31, 2018 Carrying amount Million Fair value Million Tower Company 35,498 53,792 Interest in listed associate 35,498 53,792 |
China Tower Corporation Limited ("Tower Company") [member] | |
Statement [LineItems] | |
Summary of Financial Information of Material Associate | Summarized financial information of the material associate, adjusted for any differences in accounting policies, and reconciled to the carrying amount in the consolidated financial statements, are disclosed below: Tower Company 2017 2018 Current assets 30,517 31,799 Non-current 292,126 283,565 Current liabilities (150,041 ) (114,759 ) Non-current (45,107 ) (20,103 ) Equity (127,495 ) (180,502 ) Revenue 68,665 71,819 Income for the year 1,943 2,650 Total comprehensive income for the year 1,943 2,650 Reconciled to the Group’s interest in the associate: Net assets of the associate 127,495 180,502 The Group’s effective interest 28.1 % 20.65 % 35,826 37,278 Adjustment for the remaining balance of the deferred gain from the Group’s Tower Assets Disposal (2,784 ) (1,780 ) Carrying amount in the consolidated financial statements 33,042 35,498 |
Interest in Joint Ventures (Tab
Interest in Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Investments accounted for using equity method [abstract] | |
Summary of Interests In Joint Venture | 2017 2018 Share of net assets 2,368 3,966 |
Summary of Company's Interest in Joint Venture | Name Form of Place of Proportion of Paid up capital Principal Merchants Union Consumer Finance Company Limited (“MUCFC”) Incorporated The PRC 50 % RMB 3,868,960,000 Consumer |
Summary of Financial Information of Material Joint Venture | Summarized financial information of the material joint venture, adjusted for any differences in accounting policies, and reconciled to the carrying amount in the consolidated financial statements, are disclosed below: MUCFC 2017 2018 Assets 46,980 74,748 Liabilities (42,339 ) (66,854 ) Equity (4,641 ) (7,894 ) Revenue 4,163 6,956 Income for the year 1,189 1,253 Total comprehensive income for the year 1,189 1,253 Included in above income: Interest income 5,593 9,887 Interest expense (1,516 ) (3,079 ) Income tax expense (383 ) (391 ) Reconciled to the Group’s interests in the joint venture: Net assets of the joint venture 4,641 7,894 The Group’s effective interest 50% 50% Carrying amount in the consolidated financial statements 2,321 3,947 |
Contract Assets and Contract _2
Contract Assets and Contract Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Contract Assets | (a) Contract assets: December 31, 2017 January 1, 2018 December 31, 2018 Receivables for the sales of mobile handsets, net of allowance — 2,974 1,824 Less: Current portion — 2,221 1,254 — 753 570 |
Summary of Contract Liabilities | (b) Contract liabilities Note December 31, 2017 January 1, 2018 December 31, 2018 Advances received from customers for future services (i ) — 45,329 41,567 Others — 1,093 1,083 — 46,422 42,650 (i) Contract liabilities primarily arises from relates to the considerations received from customers before the Group satisfying performance obligations. It would be recognized as revenue upon the rendering of services. Approximately 96% of the contract liability balance as of January 1, 2018 was recognized as revenue during the year. |
Contract Costs (Tables)
Contract Costs (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Contract Costs | Note December 31, 2017 January 1, 2018 December 31, 2018 Direct incremental costs of broadband and IPTV service (i ) — 4,522 3,785 Sales commissions (ii ) — 2,334 1,847 — 6,856 5,632 (i) Direct incremental costs for activating broadband and IPTV subscribers mainly include the costs of installing broadband and IPTV terminals at customer’s homes for the provision of broadband and IPTV services, and are amortized over the expected service period. As stated in Note 2.2 (c)(iii), such costs are presented as other assets before January 1, 2018. Upon the adoption of IFRS 15, the unamortized balance of such costs are presented as contract costs. The amount of capitalized direct incremental costs for activating broadband and IPTV subscribers recognized in profit or loss during the year was RMB4,044 million. The amount of capitalized direct incremental costs for activating broadband and IPTV subscribers that is expected to be recovered after more than one year is RMB1,417 million. (ii) Sales commissions are paid to agents whose selling activities resulted in new customers entering into contracts with the Group. As stated in Note 2.2 (c)(iii), such costs are recognized as other operating expenses when they were incurred before January 1, 2018. Upon the adoption of IFRS 15, the Group is required to capitalize these sales commissions as costs of obtaining contracts when they are incremental and are expected to be recovered, unless the expected amortization period is one year or less from the date of initial recognition of the asset. The amount of capitalized sales commissions recognized in profit or loss during the year was RMB1,642 million. There was no significant impairment in relation to the opening balance of capitalized costs or the costs capitalized during the year. The amount of capitalized sales commissions that is expected to be recovered after more than one year is RMB683 million. |
Financial Assets at Fair Valu_2
Financial Assets at Fair Value through Other Comprehensive Income (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Financial Assets at Fair Value through Other Comprehensive Income | 2017 2018 Listed in the PRC 158 147 Listed outside the PRC 4,070 3,698 Unlisted 58 58 4,286 3,903 |
Other Assets (Tables)
Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Assets | Note 2017 2018 Intangible assets (i) 10,988 11,156 Prepaid rental for premises, transmission lines and electricity cables 2,812 2,260 Direct incremental costs for activating broadband and IPTV subscribers 22 4,522 — Receivables for sales of mobile handsets, net of allowance 21 (a) 753 — VAT recoverable (ii) 596 424 Others 1,050 805 20,721 14,645 (i) Intangible assets Computer software Others Total Cost: At January 1, 2017 25,221 2,076 27,297 Additions 42 2 44 Transfer from CIP 3,222 568 3,790 Disposals (1,327 ) (60 ) (1,387 ) At December 31, 2017 27,158 2,586 29,744 Additions 170 581 751 Transfer from CIP 3,693 405 4,098 Disposals (2,065 ) (167 ) (2,232 ) At December 31, 2018 28,956 3,405 32,361 Accumulated amortization and impairment: At January 1, 2017 (15,225 ) (952 ) (16,177 ) Amortization charge for the year (3,657 ) (290 ) (3,947 ) Disposals 1,323 45 1,368 At December 31, 2017 (17,559 ) (1,197 ) (18,756 ) Amortization charge for the year (4,220 ) (413 ) (4,633 ) Disposals 2,034 150 2,184 At December 31, 2018 (19,745 ) (1,460 ) (21,205 ) Net book value: At December 31, 2018 9,211 1,945 11,156 At December 31, 2017 9,599 1,389 10,988 (ii) VAT recoverable includes input VAT and prepaid VAT which will likely be deducted beyond one year. VAT recoverable which will be deducted within one year are included in prepayments and other current assets (see Note 27(i)). |
Inventories and Consumables (Ta
Inventories and Consumables (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Inventories and Consumables | 2017 2018 Handsets and other telecommunication products 2,005 2,111 Consumables 24 27 Others 210 250 2,239 2,388 |
Accounts Receivable (Tables)
Accounts Receivable (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Summary of Information about Groups Exposure to Credit Risk and Expected Credit Loss for Account Receivables | For individual subscribers and general corporate customers Expected Gross carrying Loss Current (not past due) 7 % 3,202 (212 ) 1 - 90 days past due 50 % 1,395 (702 ) 91 - 180 days past due 90 % 862 (776 ) More than 180 days past due 100 % 2,188 (2,188 ) 7,647 (3,878 ) For major corporate customers Expected Gross carrying Loss Current (not past due) 4 % 7,539 (286 ) Within 1 year past due 13 % 3,141 (404 ) 1 - 2 years past due 47 % 1,063 (500 ) 2 - 3 years past due 88 % 549 (485 ) More than 3 years past due 96 % 1,203 (1,156 ) 13,495 (2,831 ) |
Accounts receivables [member] | |
Statement [LineItems] | |
Summary of Accounts Receivable | 2017 2018 Accounts receivable 19,174 21,142 Less: Credit loss allowance (5,210 ) (6,709 ) 13,964 14,433 |
Summary of Aging Analysis of Accounts Receivable | The aging analysis of accounts receivable, based on the billing date and net of credit loss allowance, is as follows: 2017 2018 Within one month 7,184 8,158 More than one month to three months 2,763 2,285 More than three months to one year 2,737 2,843 More than one year 1,280 1,147 13,964 14,433 |
Summary of Receivables Past Due but not Impaired | 2017 More than one month to three months 926 More than three months to one year 105 More than one year 283 1,314 |
Summary of Movement in Allowance for Doubtful Debts | The movement in the credit loss allowance in respect of accounts receivable during the year, is as follows: 2016 2017 2018 Balance, beginning of year 4,910 5,466 5,210 Impact on initial application of IFRS 9 (2014) (Note2.2(c) (ii)) — — 1,118 Allowance for the year 3,999 3,325 3,300 Written-off (3,443 ) (3,581 ) (2,919 ) Balance, end of year 5,466 5,210 6,709 |
Prepayments and Other Current_2
Prepayments and Other Current Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Prepayments and Other Current Assets | The nature of prepayments and other current assets, net of credit loss allowance, are as follows: Note 2017 2018 Receivables for the sales of mobile handsets, net of allowance 21 (a) 2,221 — Prepaid rental 2,305 2,207 Deposits and prepayments 1,579 1,847 Advances to employees 20 22 VAT recoverable (i) 4,948 4,568 Prepaid enterprise income tax 438 312 Others 2,290 2,150 13,801 11,106 (i) VAT recoverable includes the input VAT and prepaid VAT that can be deducted within one year. |
Short-term Bank Deposits and _2
Short-term Bank Deposits and Restricted Deposits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Short-term Bank Deposits and Restricted Deposits | Note 2017 2018 Bank deposits with maturity exceeding three months 3,124 34 Statutory reserve deposits (i ) 2,197 2,877 Restricted deposits 205 809 5,526 3,720 (i) In order to carry on its business, Finance Company placed statutory reserve deposits with the People’s Bank of China according to “Notice of the People’s Bank of China on Implementing the Average Method to Assess Deposit Reserves” (Yinfa [2015] No.289). These statutory reserve deposits are not available for use by the Group in daily operations. |
Cash And Cash Equivalents And_2
Cash And Cash Equivalents And Other Cash Flow Information (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Cash and Cash Equivalents | (a) Cash and cash equivalents 2017 2018 Cash at bank and in hand 32,836 30,060 |
Summary of Reconciliation of Liabilities Arising from Financing Activities | The table below details changes in the Group’s liabilities from financing activities, including both cash and non-cash Short-term Long-term Commercial Promissory notes Corporate Finance lease Other Total (Note 38) (Note 33) (Note 39) (Note 34) (Note 35) (Note (Note 44) At January 1, 2017 76,994 4,656 35,958 36,882 19,970 794 2,397 177,651 Changes from financing cash flows: Proceeds from commercial papers — — 26,941 — — — — 26,941 Proceeds from short-term bank loans 117,571 — — — — — — 117,571 Proceeds from long-term bank loans — 1,549 — — — — — 1,549 Loans from ultimate holding company — — — — — — 5,237 5,237 Loans from related parties — — — — — — 535 535 Repayment of commercial papers — — (54,000 ) — — — — (54,000 ) Repayment of short-term bank loans (172,065 ) — — — — — — (172,065 ) Repayment of long-term bank loans — (2,686 ) — — — — — (2,686 ) Repayment of ultimate holding company loan — — — — — — (3,893 ) (3,893 ) Repayment of related parties loan — — — — — — (60 ) (60 ) Repayment of finance lease — — — — — (695 ) — (695 ) Repayment of promissory notes — — — (19,000 ) — — — (19,000 ) Repayment of corporate bonds — — — — (2,000 ) — — (2,000 ) Payment of issuing expense for promissory notes — — — (82 ) — — — (82 ) Net withdrawal by Unicom Group and its subsidiaries from Finance Company — — — — — — (112 ) (112 ) Net deposits from a joint venture with Finance Company — — — — — — 12 12 Total changes from financing cash flows (54,494 ) (1,137 ) (27,059 ) (19,082 ) (2,000 ) (695 ) 1,719 (102,748 ) Exchange adjustments — (13 ) — — — — — (13 ) Other changes: New financing leases — — — — — 573 — 573 Finance charges on obligations under finance leases — — — — — 20 — 20 Interest expenses — 377 92 160 11 — — 640 Total other changes — 377 92 160 11 593 — 1,233 At December 31, 2017 22,500 3,883 8,991 17,960 17,981 692 4,116 76,123 Short-term Long-term Commercial Promissory notes Corporate Finance lease Other Total (Note 38) (Note 33) (Note 39) (Note 34) (Note 35) (Note 37(b)) (Note 44) At January 1, 2018 22,500 3,883 8,991 17,960 17,981 692 4,116 76,123 Changes from financing cash flows: Proceeds from short-term bank loans 53,306 — — — — — — 53,306 Loans from related parties — — — — — — 3,090 3,090 Repayment of commercial papers — — (9,000 ) — — — — (9,000 ) Repayment of short-term bank loans (60,730 ) — — — — — — (60,730 ) Repayment of long-term bank loans — (435 ) — — — — — (435 ) Repayment of ultimate holding company loan — — — — — — (1,344 ) (1,344 ) Repayment of related parties loan — — — — — — (475 ) (475 ) Repayment of finance lease — — — — — (493 ) — (493 ) Repayment of promissory notes — — — (18,000 ) — — — (18,000 ) Payment of issuing expense for promissory notes — — — (67 ) — — — (67 ) Net withdrawal by Unicom Group and its subsidiaries from Finance Company — — — — — — 2,354 2,354 Total changes from financing cash flows (7,424 ) (435 ) (9,000 ) (18,067 ) — (493 ) 3,625 (31,794 ) Exchange adjustments 9 77 — — — — — 86 Other changes: New financing leases — — — — — 10 — 10 Interest expenses — 89 9 107 12 31 — 248 Total other changes — 89 9 107 12 41 — 258 At December 31, 2018 15,085 3,614 — — 17,993 240 7,741 44,673 |
Share Capital (Tables)
Share Capital (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Share Capital | Issued and fully paid: Note Number of shares millions Share capital At January 1, 2016 and at December 31, 2016 23,947 179,102 Shares issued 1 6,651 74,954 At December 31, 2017 and 2018 30,598 254,056 |
Dividends (Tables)
Dividends (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Proposed Final Dividend | 2017 2018 Proposed final dividend: RMB0.134 (2017: RMB0.052) per ordinary share by the Company 1,591 4,100 |
Long-Term Bank Loans (Tables)
Long-Term Bank Loans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Long-Term Bank Loans | Interest rates and final maturity 2017 2018 RMB denominated bank loans Fixed interest rates ranging from 1.08 % to 1.20% (2017: 1.08% to 1.20%) per annum with maturity through 2036 (2017: maturity through 2036) 3,533 3,300 USD denominated bank loans Fixed interest rates ranging from Nil to 1.55% (2017: Nil to 1.55%) per annum with maturity through 2039 (2017: maturity through 2039) 278 252 Euro denominated bank loans Fixed interest rates ranging from 1.10% to 2.50% (2017: 1.10% to 2.50%) per annum with maturity through 2034 (2017: maturity through 2034) 72 62 Sub-total 3,883 3,614 Less: Current portion (410 ) (441 ) 3,473 3,173 |
Summary of Repayment Schedule of Long-Term Bank Loans | The repayment schedule of the long-term bank loans is as follows: 2017 2018 Balances due: - no later than one year 410 441 - later than one year and no later than two years 423 417 - later than two years and no later than five years 1,175 1,173 - later than five years 1,875 1,583 3,883 3,614 Less: Portion classified as current liabilities (410 ) (441 ) 3,473 3,173 |
Deferred Revenue (Tables)
Deferred Revenue (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Deferred Revenue | Deferred revenue mainly represents the unused portion of subscriber points and the unamortized portion of government grants. 2017 2018 Balance at December 31, 2016 and 2017 3,367 3,370 - Impact on initial application of IFRS 15 — (1,093 ) Balance at January 1, 2017 and 2018 3,367 2,277 Additions for the year - subscriber points 813 — - government grants 513 972 - others 36 831 1,362 1,803 Reductions for the year - usage of subscriber points (703 ) — - recognition of government grants in profit or loss and other reductions (507 ) (323 ) - others (149 ) (70 ) Balance at end of the year 3,370 3,687 Representing: - current portion 350 78 - non-current 3,020 3,609 3,370 3,687 |
Other Obligations (Tables)
Other Obligations (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Obligations | Note 2017 2018 One-off (a ) 2,496 2,496 Obligations under finance lease (b ) 692 240 Others 231 298 Sub-total 3,419 3,034 Less: Current portion (2,987 ) (2,844 ) 432 190 (a) One-off Certain staff quarters, prior to 1998, were sold to certain of the Group’s employees at preferential prices, subject to a number of eligibility requirements. In 1998, the State Council issued a circular which stipulated that the sale of quarters to employees at preferential prices should be terminated. In 2000, the State Council issued a further circular stating that cash subsidies should be made to certain eligible employees following the withdrawal of the allocation of staff quarters. However, the specific timetable and procedures for the implementation of these policies were to be determined by individual provincial or municipal governments based on the particular situation of the provinces or municipality. Based on the relevant detailed local government regulations promulgated, certain entities within the Group adopted cash housing subsidy plans. In accordance with these plans, for those eligible employees who had not been allocated with quarters or who had not been allocated with quarters up to the prescribed standards before the discounted sales of quarters were terminated, the Group determined to pay them one-off In January 2009, through the absorption of China Netcom (Group) Company Limited (“CNC China”) by CUCL and the absorption of China Network Communications Group Corporation (“Netcom Group”) by Unicom Group, the rights and obligations formerly undertaken by CNC China and Netcom Group were taken over by CUCL and Unicom Group separately. As of December 31, 2018, the Group’s unpaid one-off one-off (b) Obligations under finance lease The obligations under finance lease represent the payables for the finance lease of telecommunications equipment. The lease payments under finance lease are analyzed as follows: 2017 2018 Total minimum lease payments under finance lease: - not later than one year 484 243 - later than one year and not later than two years 236 2 - later than two years and not later than three years — 4 720 249 Less: Future finance charges (28 ) (9 ) Present value of minimum obligations 692 240 Representing obligations under finance lease: - current liabilities 461 234 - non-current 231 6 |
Short-Term Bank Loans (Tables)
Short-Term Bank Loans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Short-Term Bank Loans | Interest rates and final maturity 2017 2018 RMB denominated bank loans Fixed interest rates ranging from 2.35% to 4.77% (2017: 2.35% to 5.80%) per annum with maturity through 2019 (2017: maturity through 2018) 22,500 15,085 Total 22,500 15,085 |
Accounts Payable and Accrued _2
Accounts Payable and Accrued Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Accounts Payable and Accrued Liabilities | 2017 2018 Payables to contractors and equipment suppliers 82,444 70,526 Payables to telecommunications products suppliers 4,548 4,349 Customer/contractor deposits 5,262 6,381 Repair and maintenance expense payables 5,348 6,252 Bills payable 49 — Salary and welfare payables 3,711 5,900 Interest payable 709 299 Amounts due to services providers/content providers 2,253 1,920 VAT received from customer in advance — 3,398 Accrued expenses 14,845 15,935 Others 6,091 7,498 125,260 122,458 |
Summary of Aging Analysis of Accounts Payables and Accrued Liabilities | The aging analysis of accounts payables and accrued liabilities is based on the invoice date as follows: 2017 2018 Less than six months 104,691 105,606 Six months to one year 9,009 6,984 More than one year 11,560 9,868 125,260 122,458 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Connected transactions with Unicom Group and its subsidiaries [member] | |
Statement [LineItems] | |
Summary of Transactions Between Related Parties | The following is a summary of significant recurring transactions carried out by the Group with Unicom Group and its subsidiaries. In the directors’ opinion, these transactions were carried out in the ordinary course of business. Note 2016 2017 2018 Transactions with Unicom Group and its subsidiaries: Charges for value-added telecommunications services (i), (ii) 42 30 43 Rental charges for property leasing (i), (iii) 1,050 1,017 1,033 Charges for lease of telecommunications resources (i), (iv) 281 270 277 Charges for engineering design and construction services (i), (v) 4,487 2,411 2,055 Charges for shared services (i), (vi) 104 83 77 Charges for materials procurement services (i), (vii) 88 60 34 Charges for ancillary telecommunications services (i), (viii) 2,541 2,699 2,905 Charges for comprehensive support services (i), (ix) 1,690 1,274 1,231 Income from comprehensive support services (i), (ix) 51 67 83 Lending by Finance Company to Unicom Group (i), (xi) — 700 13,558 Repayment of loan lending by Finance Company (i), (xi) — 500 6,354 Interest income from lending services (i), (xi) — 8 150 (i) On November 25, 2016, CUCL entered into the agreement, “2017-2019 Comprehensive Services Agreement” with Unicom Group to renew certain continuing connected transactions. 2017-2019 (ii) UNISK (Beijing) Information Technology Corporation Limited (“UNISK”) agreed to provide the mobile subscribers of CUCL with various types of value-added services through its cellular communications network and data platform. The Group retains a portion of the revenue generated from the value-added services provided to the Group’s subscribers (and actually received by the Group) and allocates a portion of such fees to UNISK for settlement, on the condition that such proportion allocated to UNISK does not exceed the average proportion allocated to independent value-added telecommunications content providers who provide value-added telecommunications content to the Group in the same region. The percentage of revenue to be allocated to UNISK by the Group varies depending on the types of value-added service provided to the Group. (iii) CUCL and Unicom Group agreed to mutually lease properties and ancillary facilities from each other. Rentals are based on the lower of the market rates and the depreciation costs and taxes. For the year ended December 31, 2018, the rental charge paid by Unicom Group was approximately RMB5.75 million, which was negligible. (iv) Unicom Group agreed to lease to CUCL certain international telecommunications resources (including international telecommunications channel gateways, international telecommunications service gateways, international submarine cable capacity, international land cables and international satellite facilities) and certain other telecommunications facilities for its operations. The rental charges for the leasing of international telecommunications resources and other telecommunications facilities are based on the annual depreciation charges of such resources and facilities provided that such charges would not be higher than market rates. For maintenance service to the telecommunications facilities aforementioned, unless otherwise agreed by CUCL and Unicom Group, such maintenance service charges would be borne by CUCL and determined with reference to market rates or a cost-plus basis if there are no market rates. (v) Unicom Group agreed to provide engineering design, construction and supervision services and IT services to CUCL. The charges payable by CUCL for the above services are determined with reference to the market price and are settled when the relevant services are provided. (vi) Unicom Group and CUCL agreed to provide shared services to each other and would share the costs related to the shared services proportionately in accordance with their respective total assets value with certain adjustments. For the year ended December 31, 2018, the services charges paid by Unicom Group to CUCL was negligible. (vii) Unicom Group agreed to provide comprehensive procurement services for imported and domestic telecommunications materials and other domestic non-telecommunications (viii) Unicom Group agreed to provide ancillary telecommunications services to CUCL. These services include certain telecommunications pre-sale, on-sale (ix) Unicom Group and CUCL agreed to provide comprehensive support services to each other, including dining services, facilities leasing services (excluding those facilities mentioned in (iv) above), vehicle services, health and medical services, labor services, security services, hotel and conference services, gardening services, decoration and renovation services, sales services, construction agency, equipment maintenance services, market development, technical support services, research and development services, sanitary services, parking services, staff trainings, storage services, advertising services, marketing, property management services, information and communications technology services (including construction and installation services, system integration services, software development, product sales and agent services, operation and maintenance services, and consultation services). The charges are based on market rates, government guidance price or cost-plus basis and are settled as and when the relevant services are provided. (x) Unicom Group is the registered proprietor of the “Unicom” trademark in English and the trademark bearing the “Unicom” logo, which are registered at the PRC State Trademark Bureau. Pursuant to an exclusive PRC trademark license agreement between Unicom Group and the Group, the Group has been granted the right to use these trademarks on a royalty free and renewal basis. (xi) Finance Company has agreed to provide financial services to Unicom Group and its subsidiaries, including deposit services, lending and other credit services, and other financial services. |
China Tower Corporation Limited ("Tower Company") [member] | |
Statement [LineItems] | |
Summary of Transactions Between Related Parties | 44.2 Related party transactions with Tower Company (a) Related party transactions Note 2016 2017 2018 Transactions with Tower Company: Interest income from Cash Consideration (i ) 809 755 49 Operating lease and other service charges (ii ) 14,887 16,524 15,982 Income from engineering design and construction services (iii ) 151 267 235 (i) On October 14, 2015, CUCL and Unicom Horizon (“Unicom Horizon”, a wholly-owned subsidiary of CUCL and an indirectly wholly-owned subsidiary of the Company) entered into a transfer agreement (the “Transfer Agreement,”), amongst China Mobile Communications Company Limited and its related subsidiaries (“China Mobile”), China Telecom Corporation Limited (“China Telecom”), China Reform Holdings Corporation Limited (“CRHC”) and Tower Company. Pursuant to the Transfer Agreement, the Group, China Mobile and China Telecom will sell certain of their telecommunications towers and related assets (“Tower Assets”) to Tower Company in exchange for shares issued by Tower Company and cash consideration. In addition, CRHC will make a cash subscription for shares of Tower Company. The Tower Assets Disposal was completed on October 31, 2015 (“Completion Date”). The final consideration amount for the Tower Assets Disposal attributed to the Group was determined as RMB54,658 million. Tower Company issued 33,335,836,822 shares (“Consideration Shares”) to CUCL at an issue price of RMB1.00 per share and the balance of the consideration of approximately RMB21,322 million payable in cash (“Cash Consideration”). The outstanding Cash Consideration and related VAT carries interest at 3.92% per annum. The first tranche and remaining Cash Consideration of RMB3,000 million and RMB18,322 million payable by Tower Company were settled in February 2016 and December 2017, respectively. For the year ended December 31, 2018, the interest income arisen from outstanding VAT related to Cash Consideration were approximately RMB49 million (2016: approximately RMB809 million arisen from outstanding Cash Consideration and related VAT; 2017: approximately RMB755 million arisen from outstanding Cash Consideration and related VAT). (ii) At the time the Tower Assets Disposal was completed, CUCL and the Tower Company were in the process of finalizing the terms of lease and service. However, to ensure there were no interruptions in the operations of the Group, the Tower Company had undertaken to allow the Group to use the Tower Assets during a transition period, notwithstanding that the terms of the lease and service have not all been finalized, and CUCL paid service charges for the use of the Tower Assets from the Completion Date to the date that formal agreement was entered into. In addition, CUCL also leased other telecommunications towers and related assets from the Tower Company which were previously owned by China Mobile and China Telecom, or constructed by the Tower Company. On July 8, 2016, CUCL and Tower Company entered into a framework agreement to confirm the pricing and related arrangements in relation to the usage of certain telecommunications towers and related assets (the “Agreement”). The Agreement finalized terms including assets categories, pricing basis for usage charges, and relevant service period etc. Provincial service agreements and detailed lease confirmation for specified towers have been signed subsequently. On January 31, 2018, after further arm-length co-tenancy co-sharing In connection with its use of telecommunication towers and related assets, the Group recognized operating lease and other service charges for the year ended December 31, 2018 of totalled RMB15,982 million (2016: approximately RMB14,887 million; 2017: approximately RMB16,524 million). (iii) The Group provide engineering design and construction services, including system integration and engineering design services to Tower Company. |
China United Network Communications Group Company Limited and its subsidiaries [member] | |
Statement [LineItems] | |
Summary of Transactions Between Related Parties | 44.3 Related party transactions with Unicom Group and its subsidiaries (a) Related party transactions Note 2016 2017 2018 Transactions with Unicom Group and its subsidiaries: Unsecured entrusted loan from Unicom Group and its subsidiaries (i ) — 5,237 3,042 Repayment of unsecured entrusted loan to Unicom Group (i ) 1,344 3,893 1,344 Loan from a related party (ii ) — 435 48 Repayment of loan from a related party (ii ) — — 435 Interest expenses on unsecured entrusted loan (i ) 33 70 10 Interests expenses on loan from a related party (ii ) — — 12 Net deposits/(withdrawal) by Unicom Group and its subsidiaries with/from Finance Company (iii ) 2,397 (112 ) 2,336 Interest expenses on the deposits in Finance Company (iii ) 11 34 93 (i) On February 27, 2017, the Group borrowed an unsecured entrusted loan from Unicom Group of RMB1,344 million with a maturity period of 1 year and interest rate at 3.92% per annum, and was fully repaid in February 2018. On August 24, 2017, the Group borrowed an unsecured entrusted loan from Unicom Group of RMB3,893 million with a maturity period of 6 months and interest rate at 3.92% per annum, and was fully repaid in October 2017. On December 26, 2018, the Group borrowed an unsecured entrusted loan from A Share Company of RMB3,042 million with a maturity period of 5 years and interest rate at 4.28% per annum. (ii) On December 21, 2017, the Group borrowed a loan from Unicom Group BVI of RMB435 million with a maturity period of 1 year and floating interest rate at 1 year HIBOR plus 1.2%, and was fully repaid in December 2018. On December 28, 2018, the Group borrowed a loan from Unicom Group BVI of RMB48 million with a maturity period of 1 year, of which RMB46 million with a maturity period of 1 year and interest rate at 4.77% per annum and HKD2 million with a maturity period of 1 year and floating interest rate at 1 year HIBOR plus 1.11%. (iii) Finance Company has agreed to provide financial services to Unicom Group and its subsidiaries. For the deposit services, the interest rate for deposits placed by Unicom Group and its subsidiaries will be no more than the maximum interest rate promulgated by the PBOC for the same type of deposit, the interest rate for the same type of deposit offered to other clients and the applicable interest rate offered by the general commercial banks in PRC for the same type of deposit. |
Joint ventures where entity is venturer [member] | |
Statement [LineItems] | |
Summary of Transactions Between Related Parties | 44.4 Related party transactions with joint ventures (a) Related party transactions Note 2016 2017 2018 Transactions with joint ventures Unsecured entrusted loans from joint venture (i ) — 100 — Repayment of unsecured entrusted loans to joint venture (i ) — 60 40 Interest expenses on unsecured entrusted loans — 1 1 Net deposits from a joint venture with Finance Company — 12 18 (i) On April 24, 2017, the Group borrowed an unsecured entrusted loan from Smart Steps Digital Technology Co., Ltd., a joint venture company of the Group, of RMB50 million with a maturity period of 6 months and interest rate at 3.92% per annum, and was fully repaid in October 2017. On October 24, 2017, the Group borrowed an unsecured loan from Smart Steps Digital Technology Co., Ltd., of RMB50 million with a maturity period of 1 year and interest rate at 3.92% per annum, and repaid RMB10 million in December 2017 and RMB40 million during the year of 2018. |
Contingencies and Commitments (
Contingencies and Commitments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Capital Commitments | As of December 31, 2017 and 2018, the Group had capital commitments, mainly in relation to the construction of telecommunications network, as follows: 2017 2018 Total Land and Equipment Total Authorized and contracted for 13,084 3,882 14,499 18,381 Authorized but not contracted for 37,793 7,495 32,001 39,496 50,877 11,377 46,500 57,877 |
Summary of Total Future Aggregate Minimum Operating Lease Payments Under Non-cancellable Operating Leases and Other Commitments | As of December 31, 2017 and 2018, the Group had total future aggregate minimum operating lease payments under non-cancellable 2017 2018 Total Land and Equipment Ancillary Total** Arrangements expiring: - not later than one year 19,131 1,147 7,524 4,154 12,825 - later than one year and not later than five years 29,580 2,044 25,098 12,825 39,967 - later than five years 977 290 1,669 — 1,959 49,688 3,481 34,291 16,979 54,751 * The amount included payment commitments for non-lease ** Variable lease payments are not included in the commitments. |
China Unicom (Hong Kong) Limi_2
China Unicom (Hong Kong) Limited (Parent Company) (Tables) - Parent [member] | 12 Months Ended |
Dec. 31, 2018 | |
Statement [LineItems] | |
Condensed Statements of Financial Position | Condensed Statements of Financial Position As of December 31 2017 2018 2018 RMB RMB US$ (Unaudited) ASSETS Non-current Property, plant and equipment 5 4 1 Investments in subsidiaries 234,768 237,301 34,514 Loan to a subsidiary 22,832 6,829 993 Financial assets at fair value through other comprehensive Income 4,070 3,698 538 261,675 247,832 36,046 Current assets Loan to subsidiaries 202 5,615 817 Amounts due from subsidiaries 2,510 223 32 Dividend receivable 2,712 4,612 671 Prepayments and other current assets 60 23 3 Short-term bank deposits 3,091 — — Cash and cash equivalents 1,229 969 141 9,804 11,442 1,664 Total assets 271,479 259,274 37,710 EQUITY Equity attributable to equity shareholders of the Company Share capital 254,056 254,056 36,951 Reserves (6,516 ) (6,888 ) (1,002 ) Retained profits - Proposed final dividend 1,591 4,100 596 - Others 7,184 6,915 1,006 Total equity 256,315 258,183 37,551 LIABILITIES Current liabilities Short-term bank loans 12,694 — — Accounts payable and accrued liabilities 160 99 14 Loan from immediate holding company 435 48 7 Loans from subsidiaries 928 — — Taxes payable 27 24 4 Dividend payable 920 920 134 15,164 1,091 159 Total liabilities 15,164 1,091 159 Total equity and liabilities 271,479 259,274 37,710 Net current liabilities (5,360 ) 10,351 1,505 Total assets less current liabilities 256,315 258,183 37,551 |
Condensed Statements of Comprehensive Income | Condensed Statements of Comprehensive Income Year ended December 31 2016 2017 2018 2018 RMB RMB RMB US$ (Unaudited) Revenue 6 6 — — Dividend income 371 1,441 3,296 479 General and administrative expenses (63 ) (67 ) (61 ) (9 ) Interest income 1,250 1,192 535 78 Finance costs (718 ) (1,647 ) 80 12 Other income-net 1,060 1 1 — Income before income tax 1,906 926 3,851 560 Income tax expenses (36 ) (20 ) (20 ) (3 ) Net income 1,870 906 3,831 557 Other comprehensive income: Change in fair value of financial assets through other comprehensive income-net (531 ) (68 ) (372 ) (54 ) Total comprehensive income for the year 1,339 838 3,459 503 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows Year ended December 31 2016 2017 2018 2018 RMB RMB RMB US$ (Unaudited) Net cash outflow from operating activities (85 ) (86 ) (62 ) (9 ) Net cash inflow/(outflow) from investing activities 537 (66,865 ) 3,987 580 Net cash inflow/(outflow) from financing activities 266 66,682 (4,206 ) (612 ) - Dividend paid to equity shareholders of the Company (1,005 ) — (1,591 ) (231 ) Net increase/(decrease) in cash and cash equivalents 718 (269 ) (281 ) (41 ) Cash and cash equivalents at beginning of year 657 1,443 1,229 179 Effect of changes in foreign exchange rate 68 55 21 3 Cash and cash equivalents at end of year 1,443 1,229 969 141 |
Organization and Principal Ac_2
Organization and Principal Activities - Additional Information (Detail) - CNY (¥) ¥ in Millions | Nov. 28, 2017 | Nov. 27, 2017 | Oct. 31, 2017 |
China Structural Reform Fund Corporation [member] | |||
Line items representing organization and principal activities [Line Items] | |||
Cash consideration | ¥ 12,975 | ||
China United Network Communication Limited (A Share Company) [member] | |||
Line items representing organization and principal activities [Line Items] | |||
Cash consideration | ¥ 61,725 | ||
China Unicom (BVI) Limited [member] | |||
Line items representing organization and principal activities [Line Items] | |||
Cash consideration | ¥ 74,954 | ||
Shares issued | 6,651,043,262 | ||
Owned interest | 53.52% | 40.61% |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Additional Information (Detail) ¥ in Millions, $ in Millions | Jan. 01, 2019CNY (¥) | Jan. 01, 2018CNY (¥) | Dec. 31, 2018CNY (¥)ExchangeRate | Dec. 31, 2018USD ($)ExchangeRate | Dec. 31, 2017CNY (¥) |
Line items representing significant accounting policies [Line Items] | |||||
Amount current liabilities of the Group exceeded current assets | ¥ (139,001) | $ (20,217) | ¥ (165,900) | ||
Contract assets | ¥ 753 | 570 | |||
Contract liabilities | 46,422 | 42,650 | |||
Present value of the defined benefit obligation | 73 | ¥ 68 | |||
Impact on initial application of IFRS 15 [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Amount current liabilities of the Group exceeded current assets | ¥ (233) | ||||
Impact on initial application of IFRS 15 [member] | Prepayments And Other Current Assets [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Contract assets | 2,221 | ||||
Impact on initial application of IFRS 15 [member] | Other assets [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Contract assets | 753 | ||||
Contract costs | 4,522 | ||||
Impact on initial application of IFRS 15 [member] | Reserves and retained profits [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Related tax | (584) | ||||
Net increase (decrease) in retained profits and reserves | 1,750 | ||||
Impact on Initial Application of IFRS15 [member] | Deferred revenue on Installation fees of fixed-line service [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Contract liabilities | 207 | ||||
Impact on Initial Application of IFRS15 [member] | Deferred revenue on advances received from customers for transmission lines usage and associated services [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Contract liabilities | 50 | ||||
Impact on Initial Application of IFRS15 [member] | Advance Payment From Customers [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Contract liabilities | 45,329 | ||||
Impact on Initial Application of IFRS15 [member] | Deferred revenue on subscriber points reward program [member] | Allocated portion of fair value for the subscriber points reward [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Contract liabilities | 525 | ||||
Impact on Initial Application of IFRS15 [member] | Current portion of deferred revenue [member] | Allocated portion of fair value for the subscriber points reward [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Contract liabilities | 207 | ||||
Impact on Initial Application of IFRS15 [member] | Current portion of deferred revenue [member] | Installation fees of fixed-line service [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Contract liabilities | 104 | ||||
Impact on Initial Application of IFRS15 [member] | Advances from customers [member] | Advance value added tax received from customer [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Contract liabilities | 3,671 | ||||
Impact on initial application of IFRS 9 (2014) [member] | Reserves and retained profits [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Recognition of additional expected credit losses on: - financial assets measured at amortized cost | (1,118) | ||||
Related tax | 265 | ||||
Net increase (decrease) in retained profits and reserves | ¥ (853) | ||||
US dollars [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Foreign exchange currency rate, RMB per US$1.00 | ExchangeRate | 6.8755 | 6.8755 | |||
IFRS 16, "Leases" [member] | Bottom of range [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Lease liabilities | ¥ 32,000 | ||||
Right-of-use assets | 32,000 | ||||
IFRS 16, "Leases" [member] | Bottom of range [member] | Reserves and retained profits [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Net increase (decrease) in retained profits and reserves | (500) | ||||
IFRS 16, "Leases" [member] | Top of range [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Lease liabilities | 36,000 | ||||
Right-of-use assets | 36,000 | ||||
IFRS 16, "Leases" [member] | Top of range [member] | Reserves and retained profits [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Net increase (decrease) in retained profits and reserves | ¥ (1,000) | ||||
Revolving banking facilities [member] | |||||
Line items representing significant accounting policies [Line Items] | |||||
Revolving banking facilities | ¥ 260,900 | ||||
Unutilized revolving banking facilities | ¥ 245,600 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Summary of Opening Balance Adjustments Recognized in the Consolidated Statement of Financial Position Impacted by IFRS 9 (2014) and IFRS 15 (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Jan. 01, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
ASSETS | ||||||
Deferred income tax assets | ¥ 3,401 | $ 494 | ¥ 5,973 | |||
Contract assets | 570 | 83 | ||||
Other assets | 14,645 | 2,130 | 20,721 | |||
Contract costs | 5,632 | 819 | ¥ 6,856 | |||
Non-current assets | 464,411 | 67,546 | 495,261 | |||
Accounts receivable | 14,433 | 2,099 | 13,964 | |||
Prepayments and other current assets | 11,106 | 1,615 | 13,801 | |||
Contract assets | 1,254 | 183 | ||||
Current assets | 75,909 | 11,040 | 76,722 | |||
Total assets | 540,320 | 78,586 | 571,983 | |||
EQUITY | ||||||
Reserves | (20,154) | (2,931) | (20,912) | |||
Retained profits | ||||||
Proposed final dividend | 4,100 | 596 | 1,591 | |||
Others | 75,920 | 11,042 | 69,315 | |||
Total equity | 314,286 | 45,711 | 304,347 | ¥ 227,682 | ¥ 231,216 | |
Current liabilities | ||||||
Accounts payable and accrued liabilities | 122,458 | 17,811 | 125,260 | |||
Current portion of deferred revenue | 78 | 11 | 350 | |||
Advances from customers | 328 | 48 | 49,283 | |||
Contract liabilities | 42,650 | 6,203 | ||||
Non-current liabilities | ||||||
Deferred revenue | 3,609 | 525 | 3,020 | |||
Total equity and liabilities | 540,320 | 78,586 | 571,983 | |||
Net current liabilities | (139,001) | (20,217) | (165,900) | |||
Total assets less current liabilities | 325,410 | $ 47,329 | 329,361 | |||
Adjustment for Adoption of IFRS 9 [member] | ||||||
ASSETS | ||||||
Deferred income tax assets | 265 | |||||
Non-current assets | 265 | |||||
Accounts receivable | (1,118) | |||||
Current assets | (1,118) | |||||
Total assets | (853) | |||||
EQUITY | ||||||
Reserves | (85) | |||||
Retained profits | ||||||
Others | (768) | |||||
Total equity | (853) | |||||
Non-current liabilities | ||||||
Total equity and liabilities | (853) | |||||
Net current liabilities | (1,118) | |||||
Total assets less current liabilities | (853) | |||||
Impact on initial application of IFRS 15 [member] | ||||||
ASSETS | ||||||
Deferred income tax assets | (229) | (584) | ||||
Contract assets | 570 | 753 | ||||
Other assets | (4,355) | (5,275) | ||||
Contract costs | 5,632 | 6,856 | ||||
Non-current assets | 1,618 | 1,750 | ||||
Prepayments and other current assets | (1,254) | (2,221) | ||||
Contract assets | 1,254 | 2,221 | ||||
Total assets | 1,618 | 1,750 | ||||
EQUITY | ||||||
Reserves | 139 | 175 | ||||
Retained profits | ||||||
Others | 1,246 | 1,575 | ||||
Total equity | 1,385 | 1,750 | 1,750 | |||
Current liabilities | ||||||
Accounts payable and accrued liabilities | 3,398 | 3,671 | ||||
Current portion of deferred revenue | (1,083) | (311) | ||||
Advances from customers | (44,965) | (49,000) | ||||
Contract liabilities | 42,650 | 45,640 | ||||
Non-current liabilities | ||||||
Deferred revenue | (782) | |||||
Contract liabilities | 782 | |||||
Total equity and liabilities | 1,618 | 1,750 | ||||
Net current liabilities | (233) | |||||
Total assets less current liabilities | ¥ 1,385 | 1,750 | ||||
Balance After IFRS Adjustments [member] | ||||||
ASSETS | ||||||
Deferred income tax assets | 5,654 | |||||
Contract assets | 753 | |||||
Other assets | 15,446 | |||||
Contract costs | 6,856 | |||||
Non-current assets | 497,276 | |||||
Accounts receivable | 12,846 | |||||
Prepayments and other current assets | 11,580 | |||||
Contract assets | 2,221 | |||||
Current assets | 75,604 | |||||
Total assets | 572,880 | |||||
EQUITY | ||||||
Reserves | (20,822) | |||||
Retained profits | ||||||
Proposed final dividend | 1,591 | |||||
Others | 70,122 | |||||
Total equity | 305,244 | ¥ 305,244 | ||||
Current liabilities | ||||||
Accounts payable and accrued liabilities | 128,931 | |||||
Current portion of deferred revenue | 39 | |||||
Advances from customers | 283 | |||||
Contract liabilities | 45,640 | |||||
Non-current liabilities | ||||||
Deferred revenue | 2,238 | |||||
Contract liabilities | 782 | |||||
Total equity and liabilities | 572,880 | |||||
Net current liabilities | (167,018) | |||||
Total assets less current liabilities | ¥ 330,258 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Summary of Impact of Transition to IFRS 9 on Retained Profits and Reserves and Related Tax Impact (Detail) - Impact on initial application of IFRS 9 (2014) [member] ¥ in Millions | Jan. 01, 2018CNY (¥) |
Disclosure of Impact (net of tax) of transition to IFRS 9 on reserves and retained earnings [line items] | |
Recognition of additional expected credit losses on: - financial assets measured at amortized cost | ¥ (1,118) |
Reserves and retained profits [member] | |
Disclosure of Impact (net of tax) of transition to IFRS 9 on reserves and retained earnings [line items] | |
Recognition of additional expected credit losses on: - financial assets measured at amortized cost | (1,118) |
Related tax | 265 |
Net increase (decrease) in retained profits and reserves at January 1, 2018 | ¥ (853) |
Summary of Significant Accoun_7
Summary of Significant Accounting Policies - Summary of Reconciles of Closing and Opening Loss Allowance (Detail) - Impact on initial application of IFRS 9 (2014) [member] ¥ in Millions | Jan. 01, 2018CNY (¥) |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |
Balance, beginning of year | ¥ 6,657 |
Additional credit loss recognized at January 1, 2018 on: - Accounts receivable | 1,118 |
Balance, end of year | ¥ 7,775 |
Summary of Significant Accoun_8
Summary of Significant Accounting Policies - Summary of Impact of Transition to IFRS 15 on Retained Profits and Reserves and Related Tax Impact (Detail) - Impact on initial application of IFRS 15 [member] - Reserves and retained profits [member] ¥ in Millions | Jan. 01, 2018CNY (¥) |
Disclosure of Impact (net of tax) of transition to IFRS 15 on retained profits and reserves [line items] | |
Capitalization of sales commissions | ¥ 2,334 |
Related tax | (584) |
Net increase (decrease) in retained profits and reserves at January 1, 2018 | ¥ 1,750 |
Summary of Significant Accoun_9
Summary of Significant Accounting Policies - Summary of Estimated Impact of Adoption of IFRS 15 on Group's Consolidated Financial Statements (Detail) ¥ / shares in Units, $ / shares in Units, ¥ in Millions, $ in Millions | 12 Months Ended | ||||||
Dec. 31, 2018CNY (¥)¥ / shares | Dec. 31, 2018USD ($)$ / shares | Dec. 31, 2017CNY (¥)¥ / shares | Dec. 31, 2016CNY (¥)¥ / shares | Dec. 31, 2018USD ($) | Jan. 01, 2018CNY (¥) | Dec. 31, 2015CNY (¥) | |
Line items in the consolidated statements of income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Income before taxation | ¥ 13,081 | $ 1,903 | ¥ 2,593 | ¥ 784 | |||
Income tax expenses | (2,824) | (411) | (743) | (154) | |||
Net income for the year | 10,257 | 1,492 | 1,850 | 630 | |||
Net Income attributable to equity shareholders of the Company | ¥ 10,197 | $ 1,483 | ¥ 1,828 | ¥ 625 | |||
Earnings per share for income attributable to equity shareholders of the Company during the year: | |||||||
Basic earnings per share (RMB) | (per share) | ¥ 0.33 | $ 0.05 | ¥ 0.07 | ¥ 0.03 | |||
Diluted earnings per share (RMB) | (per share) | ¥ 0.33 | $ 0.05 | ¥ 0.07 | ¥ 0.03 | |||
Line items in the consolidated statements of comprehensive income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Total comprehensive income for the year | ¥ 10,012 | $ 1,456 | ¥ 1,620 | ¥ 267 | |||
Total comprehensive income attributable to: | |||||||
Equity shareholders of the Company | 9,952 | 1,447 | 1,598 | 262 | |||
ASSETS | |||||||
Deferred income tax assets | 3,401 | 5,973 | $ 494 | ||||
Contract assets | 570 | 83 | |||||
Other assets | 14,645 | 20,721 | 2,130 | ||||
Contract costs | 5,632 | 819 | ¥ 6,856 | ||||
Total non-currentassets | 464,411 | 495,261 | 67,546 | ||||
Prepayments and other current assets | 11,106 | 13,801 | 1,615 | ||||
Contract assets | 1,254 | 183 | |||||
Total current assets | 75,909 | 76,722 | 11,040 | ||||
Total assets | 540,320 | 571,983 | 78,586 | ||||
EQUITY | |||||||
Reserves | (20,154) | (20,912) | (2,931) | ||||
- Others | 75,920 | 69,315 | 11,042 | ||||
Total equity | 314,286 | 304,347 | 227,682 | 45,711 | ¥ 231,216 | ||
LIABILITIES | |||||||
Accounts payable and accrued liabilities | 122,458 | 125,260 | 17,811 | ||||
Taxes payable | 911 | 1,121 | 132 | ||||
Current portion of deferred revenue | 78 | 350 | 11 | ||||
Advances from customers | 328 | 49,283 | 48 | ||||
Contract liabilities | 42,650 | 6,203 | |||||
Total current liabilities | 214,910 | 242,622 | 31,257 | ||||
Total equity and liabilities | 540,320 | 571,983 | 78,586 | ||||
Net current liabilities | (139,001) | (165,900) | (20,217) | ||||
Total assets less current liabilities | 325,410 | 329,361 | $ 47,329 | ||||
Line items in the reconciliation of income before taxation to cash generated from operations for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Income before taxation | 13,081 | 1,903 | 2,593 | 784 | |||
Increase in contract costs | (3,001) | (436) | |||||
Decrease/(Increase) in other assets | 1,584 | 230 | (2,034) | (4,763) | |||
Decrease in contract assets | 1,150 | 167 | |||||
Decrease in prepayments and other current assets | 60 | 9 | 166 | 4,171 | |||
Increase in accounts payable and accrued liabilities | 6,591 | 959 | 5,752 | (835) | |||
Decrease in contract liabilities | (4,322) | (629) | |||||
Increase in deferred revenue | 1,474 | 214 | 365 | 395 | |||
Increase/(Decrease) in advances from customers | 45 | $ 7 | 2,255 | ¥ (1,329) | |||
IFRS 15 [member] | |||||||
Line items in the consolidated statements of income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Other operating expenses | 62,561 | ||||||
Income before taxation | 13,081 | ||||||
Income tax expenses | (2,824) | ||||||
Net income for the year | 10,257 | ||||||
Net Income attributable to equity shareholders of the Company | ¥ 10,197 | ||||||
Earnings per share for income attributable to equity shareholders of the Company during the year: | |||||||
Basic earnings per share (RMB) | ¥ / shares | ¥ 0.33 | ||||||
Diluted earnings per share (RMB) | ¥ / shares | ¥ 0.33 | ||||||
Line items in the consolidated statements of comprehensive income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Total comprehensive income for the year | ¥ 10,012 | ||||||
Total comprehensive income attributable to: | |||||||
Equity shareholders of the Company | 9,952 | ||||||
ASSETS | |||||||
Deferred income tax assets | 3,401 | ||||||
Contract assets | 570 | ||||||
Other assets | 14,645 | ||||||
Contract costs | 5,632 | ||||||
Total non-currentassets | 464,411 | ||||||
Prepayments and other current assets | 11,106 | ||||||
Contract assets | 1,254 | ||||||
Total current assets | 75,909 | ||||||
Total assets | 540,320 | ||||||
EQUITY | |||||||
Reserves | (20,154) | ||||||
Retained profits | 0 | ||||||
- Others | 75,920 | ||||||
Total equity | 314,286 | ||||||
LIABILITIES | |||||||
Accounts payable and accrued liabilities | 122,458 | ||||||
Taxes payable | 911 | ||||||
Current portion of deferred revenue | 78 | ||||||
Advances from customers | 328 | ||||||
Contract liabilities | 42,650 | ||||||
Total current liabilities | 214,910 | ||||||
Total equity and liabilities | 540,320 | ||||||
Net current liabilities | (139,001) | ||||||
Total assets less current liabilities | 325,410 | ||||||
Line items in the reconciliation of income before taxation to cash generated from operations for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Income before taxation | 13,081 | ||||||
Increase in contract costs | (3,001) | ||||||
Decrease/(Increase) in other assets | 1,584 | ||||||
Decrease in contract assets | 1,150 | ||||||
Decrease in prepayments and other current assets | 60 | ||||||
Increase in accounts payable and accrued liabilities | 6,591 | ||||||
Decrease in contract liabilities | (4,322) | ||||||
Increase in deferred revenue | 1,474 | ||||||
Increase/(Decrease) in advances from customers | 45 | ||||||
Hypothetical amount under IASs 18 and 11 [member] | |||||||
Line items in the consolidated statements of income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Other operating expenses | 62,074 | ||||||
Income before taxation | 13,568 | ||||||
Income tax expenses | (2,946) | ||||||
Net income for the year | 10,622 | ||||||
Net Income attributable to equity shareholders of the Company | ¥ 10,562 | ||||||
Earnings per share for income attributable to equity shareholders of the Company during the year: | |||||||
Basic earnings per share (RMB) | ¥ / shares | ¥ 0.34 | ||||||
Diluted earnings per share (RMB) | ¥ / shares | ¥ 0.34 | ||||||
Line items in the consolidated statements of comprehensive income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Total comprehensive income for the year | ¥ 10,377 | ||||||
Total comprehensive income attributable to: | |||||||
Equity shareholders of the Company | 10,317 | ||||||
ASSETS | |||||||
Deferred income tax assets | 3,630 | ||||||
Other assets | 19,000 | ||||||
Total non-currentassets | 462,793 | ||||||
Prepayments and other current assets | 12,360 | ||||||
Total current assets | 75,909 | ||||||
Total assets | 538,702 | ||||||
EQUITY | |||||||
Reserves | (20,293) | ||||||
Retained profits | 0 | ||||||
- Others | 74,674 | ||||||
Total equity | 312,901 | ||||||
LIABILITIES | |||||||
Accounts payable and accrued liabilities | 119,060 | ||||||
Taxes payable | 678 | ||||||
Current portion of deferred revenue | 1,161 | ||||||
Advances from customers | 45,293 | ||||||
Total current liabilities | 214,677 | ||||||
Total equity and liabilities | 538,702 | ||||||
Net current liabilities | (138,768) | ||||||
Total assets less current liabilities | 324,025 | ||||||
Line items in the reconciliation of income before taxation to cash generated from operations for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Income before taxation | 13,568 | ||||||
Decrease/(Increase) in other assets | (1,721) | ||||||
Decrease in prepayments and other current assets | 1,027 | ||||||
Increase in accounts payable and accrued liabilities | 6,268 | ||||||
Increase in deferred revenue | 1,464 | ||||||
Increase/(Decrease) in advances from customers | (3,944) | ||||||
Impact on initial application of IFRS 15 [member] | |||||||
Line items in the consolidated statements of income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Other operating expenses | 487 | ||||||
Income before taxation | (487) | ||||||
Income tax expenses | 122 | ||||||
Net income for the year | (365) | ||||||
Net Income attributable to equity shareholders of the Company | ¥ (365) | ||||||
Earnings per share for income attributable to equity shareholders of the Company during the year: | |||||||
Basic earnings per share (RMB) | ¥ / shares | ¥ (0.01) | ||||||
Diluted earnings per share (RMB) | ¥ / shares | ¥ (0.01) | ||||||
Line items in the consolidated statements of comprehensive income for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Total comprehensive income for the year | ¥ (365) | ||||||
Total comprehensive income attributable to: | |||||||
Equity shareholders of the Company | (365) | ||||||
ASSETS | |||||||
Deferred income tax assets | (229) | (584) | |||||
Contract assets | 570 | 753 | |||||
Other assets | (4,355) | (5,275) | |||||
Contract costs | 5,632 | 6,856 | |||||
Total non-currentassets | 1,618 | 1,750 | |||||
Prepayments and other current assets | (1,254) | (2,221) | |||||
Contract assets | 1,254 | 2,221 | |||||
Total assets | 1,618 | 1,750 | |||||
EQUITY | |||||||
Reserves | 139 | 175 | |||||
Retained profits | 0 | ||||||
- Others | 1,246 | 1,575 | |||||
Total equity | 1,385 | ¥ 1,750 | 1,750 | ||||
LIABILITIES | |||||||
Accounts payable and accrued liabilities | 3,398 | 3,671 | |||||
Taxes payable | 233 | ||||||
Current portion of deferred revenue | (1,083) | (311) | |||||
Advances from customers | (44,965) | (49,000) | |||||
Contract liabilities | 42,650 | 45,640 | |||||
Total current liabilities | 233 | ||||||
Total equity and liabilities | 1,618 | 1,750 | |||||
Net current liabilities | (233) | ||||||
Total assets less current liabilities | 1,385 | ¥ 1,750 | |||||
Line items in the reconciliation of income before taxation to cash generated from operations for the year ended December 31, 2018 impacted by the adoption of IFRS 15: | |||||||
Income before taxation | (487) | ||||||
Increase in contract costs | (3,001) | ||||||
Decrease/(Increase) in other assets | 3,305 | ||||||
Decrease in contract assets | 1,150 | ||||||
Decrease in prepayments and other current assets | (967) | ||||||
Increase in accounts payable and accrued liabilities | 323 | ||||||
Decrease in contract liabilities | (4,322) | ||||||
Increase in deferred revenue | 10 | ||||||
Increase/(Decrease) in advances from customers | ¥ 3,989 |
Summary of Significant Accou_10
Summary of Significant Accounting Policies - Schedule of New and Amendments to IFRS and IAS Standards That Are Not Yet Effective for the Year (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
IFRS 16, "Leases" [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Effective for accounting periods beginning on or after | Jan. 1, 2019 |
IFRIC 23, "Uncertainty over income tax treatments" [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Effective for accounting periods beginning on or after | Jan. 1, 2019 |
Annual improvements to IFRSs 2015-2017 cycle [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Effective for accounting periods beginning on or after | Jan. 1, 2019 |
Amendments to IAS 28, Long-term interest in associates and joint ventures [member] | |
Disclosure of initial application of standards or interpretations [line items] | |
Effective for accounting periods beginning on or after | Jan. 1, 2019 |
Summary of Significant Accou_11
Summary of Significant Accounting Policies - Summary of Estimated Useful Lives of Property Plant and Equipment (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Buildings [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Depreciable life | 10 years |
Residual rate | 3.00% |
Buildings [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Depreciable life | 30 years |
Residual rate | 5.00% |
Telecommunications equipment [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Depreciable life | 5 years |
Residual rate | 3.00% |
Telecommunications equipment [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Depreciable life | 10 years |
Residual rate | 5.00% |
Office furniture, fixtures, motor vehicles and other equipment [member] | Bottom of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Depreciable life | 5 years |
Residual rate | 3.00% |
Office furniture, fixtures, motor vehicles and other equipment [member] | Top of range [member] | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |
Depreciable life | 10 years |
Residual rate | 5.00% |
Financial Risk Management and_3
Financial Risk Management and Fair Values of Financial Instruments - Summary of Foreign Exchange Risk (Detail) € in Millions, ¥ in Millions, ¥ in Millions, £ in Millions, $ in Millions, $ in Millions | Dec. 31, 2018CNY (¥)ExchangeRate | Dec. 31, 2018USD ($)ExchangeRate | Dec. 31, 2018EUR (€)ExchangeRate | Dec. 31, 2018HKD ($)ExchangeRate | Dec. 31, 2018JPY (¥)ExchangeRate | Dec. 31, 2017CNY (¥)ExchangeRate | Dec. 31, 2017USD ($)ExchangeRate | Dec. 31, 2017EUR (€)ExchangeRate | Dec. 31, 2017HKD ($)ExchangeRate | Dec. 31, 2017GBP (£)ExchangeRate | Dec. 31, 2017JPY (¥)ExchangeRate | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Cash and cash equivalents | ¥ 30,060 | $ 4,372 | ¥ 32,836 | $ 4,776 | ¥ 23,633 | ¥ 21,755 | |||||||
Accounts receivable | 14,433 | 2,099 | 13,964 | ||||||||||
Financial assets at fair value through other comprehensive income | 3,903 | $ 568 | 4,286 | ||||||||||
Accounts payable | ¥ 70,526 | 82,444 | |||||||||||
US dollars [member] | |||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Exchange rate | ExchangeRate | 6.8755 | 6.8755 | 6.8755 | 6.8755 | 6.8755 | ||||||||
Foreign exchange risk [member] | |||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Cash and cash equivalents | ¥ 967 | $ 114 | € 16 | $ 66 | ¥ 17 | 1,512 | 150 | € 12 | $ 508 | £ 1 | ¥ 17 | ||
Accounts receivable | 1,608 | 233 | 1 | 1 | 1,512 | 229 | 2 | ||||||
Financial assets at fair value through other comprehensive income | € | 471 | 522 | |||||||||||
Borrowings | 316 | 37 | 8 | $ 2 | 785 | 43 | 9 | $ 520 | |||||
Total | 6,273 | 7,094 | |||||||||||
Accounts payable | 509 | $ 73 | € 1 | 395 | $ 58 | € 2 | |||||||
Total financial liabilities | ¥ 825 | ¥ 1,180 | |||||||||||
Foreign exchange risk [member] | HK dollars [member] | |||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Exchange rate | ExchangeRate | 0.88 | 0.88 | 0.88 | 0.88 | 0.88 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | ||
Cash and cash equivalents | ¥ 58 | ¥ 425 | |||||||||||
Accounts receivable | 1 | ||||||||||||
Borrowings | ¥ 2 | ¥ 435 | |||||||||||
Foreign exchange risk [member] | US dollars [member] | |||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Exchange rate | ExchangeRate | 6.86 | 6.86 | 6.86 | 6.86 | 6.86 | 6.53 | 6.53 | 6.53 | 6.53 | 6.53 | 6.53 | ||
Cash and cash equivalents | ¥ 783 | ¥ 980 | |||||||||||
Accounts receivable | 1,599 | 1,496 | |||||||||||
Borrowings | 252 | 278 | |||||||||||
Accounts payable | ¥ 501 | ¥ 379 | |||||||||||
Foreign exchange risk [member] | Euro [member] | |||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Exchange rate | ExchangeRate | 7.85 | 7.85 | 7.85 | 7.85 | 7.85 | 7.80 | 7.80 | 7.80 | 7.80 | 7.80 | 7.80 | ||
Cash and cash equivalents | ¥ 123 | ¥ 95 | |||||||||||
Accounts receivable | 8 | 16 | |||||||||||
Borrowings | 62 | 72 | |||||||||||
Financial assets at fair value through other comprehensive income | 3,698 | 4,070 | |||||||||||
Accounts payable | ¥ 8 | ¥ 16 | |||||||||||
Foreign exchange risk [member] | Japanese Yen [member] | |||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Exchange rate | ExchangeRate | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | ||
Cash and cash equivalents | ¥ 1 | ¥ 1 | |||||||||||
Foreign exchange risk [member] | SGD [member] | |||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Exchange rate | ExchangeRate | 5.01 | 5.01 | 5.01 | 5.01 | 5.01 | 4.88 | 4.88 | 4.88 | 4.88 | 4.88 | 4.88 | ||
Cash and cash equivalents | ¥ 1 | ||||||||||||
Foreign exchange risk [member] | CHF [member] | |||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Exchange rate | ExchangeRate | 6.95 | 6.95 | 6.95 | 6.95 | 6.95 | 6.68 | 6.68 | 6.68 | 6.68 | 6.68 | 6.68 | ||
Cash and cash equivalents | ¥ 1 | ||||||||||||
Foreign exchange risk [member] | GBP [member] | |||||||||||||
Disclosure of nature and extent of risks arising from financial instruments [Line Items] | |||||||||||||
Exchange rate | ExchangeRate | 8.68 | 8.68 | 8.68 | 8.68 | 8.68 | 8.78 | 8.78 | 8.78 | 8.78 | 8.78 | 8.78 | ||
Cash and cash equivalents | ¥ 1 | ¥ 10 |
Financial Risk Management and_4
Financial Risk Management and Fair Values of Financial Instruments - Additional Information (Detail) $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2016CNY (¥) | |
Disclosure of detailed information about financial instruments [Line Items] | ||||
Balance of deposits received by Finance Company | ¥ 3,720,000,000 | ¥ 5,526,000,000 | $ 541 | |
Transfer between Level 1 and Level 2 | 0 | 0 | ||
Transfer between Level 2 and Level 1 | 0 | 0 | ||
Transfer into Level 3 | 0 | 0 | ||
Transfer out of Level 3 | ¥ 0 | ¥ 0 | ||
Bottom of range [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Percentage of market rates | 0.79% | 1.18% | ||
Top of range [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Percentage of market rates | 4.48% | 5.51% | ||
Smart Steps Digital Technology Co., Ltd [member] | Finance Company Limited [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Balance of deposits received by Finance Company | ¥ 30,000,000 | ¥ 12,000,000 | ||
China United Network Communications Group Company Limited and its subsidiaries [member] | Finance Company Limited [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Balance of deposits received by Finance Company | ¥ 4,621,000,000 | ¥ 2,285,000,000 | ||
Foreign exchange risk [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
RMB percentage of strengthened/weakened against foreign currencies | 10.00% | 10.00% | 10.00% | 10.00% |
Foreign exchange risk [member] | Cash and cash equivalents, borrowings and obligations under finance lease [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
RMB strengthened/weakened against foreign currencies effect on income after tax and other comprehensive income | ¥ 131,000,000 | ¥ 138,000,000 | ¥ 216,000,000 | |
Foreign exchange risk [member] | Financial assets recorded in fair value through other comprehensive income [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
RMB strengthened/weakened against foreign currencies effect on income after tax and other comprehensive income | ¥ 370,000,000 | ¥ 407,000,000 | ¥ 414,000,000 | |
Price risk [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
RMB percentage of strengthened/weakened against foreign currencies | 10.00% | 10.00% | 10.00% | 10.00% |
RMB strengthened/weakened against foreign currencies effect on income after tax and other comprehensive income | ¥ 370,000,000 | ¥ 407,000,000 | ¥ 414,000,000 | |
Interest rate risk [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
RMB percentage of strengthened/weakened against foreign currencies | 0.50% | 0.50% | 0.50% | 0.50% |
RMB strengthened/weakened against foreign currencies effect on income after tax and other comprehensive income | ¥ 74,000,000 | ¥ 134,000,000 | ¥ 433,000,000 | |
Floating rate borrowings and short-term fixed rate borrowings | 19,784,000,000 | 35,607,000,000 | ||
Interest rate risk [member] | Fixed rate [member] | ||||
Disclosure of detailed information about financial instruments [Line Items] | ||||
Long-term borrowings | ¥ 24,889,000,000 | ¥ 40,516,000,000 |
Financial Risk Management and_5
Financial Risk Management and Fair Values of Financial Instruments - Summary of Undiscounted Balances of Financial Liabilities (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items] | ||
Long-term bank loans | ¥ 3,614 | ¥ 3,883 |
Corporate bonds | 17,993 | 17,981 |
Promissory notes | 17,960 | |
Other obligations | 3,034 | 3,419 |
Accounts payable and accrued liabilities | 122,458 | 125,260 |
Amounts due to related parties | 11,885 | 8,126 |
Amounts due to ultimate holding company | 1,214 | 2,176 |
Amounts due to domestic carriers | 2,144 | 2,538 |
Commercial papers | 8,991 | |
Short-term bank loans | 15,085 | 22,500 |
Financial liabilities | 177,427 | 212,834 |
Less than 1 year [member] | ||
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items] | ||
Long-term bank loans | 452 | 412 |
Corporate bonds | 17,282 | 544 |
Promissory notes | 18,440 | |
Other obligations | 2,853 | 3,006 |
Accounts payable and accrued liabilities | 122,458 | 125,260 |
Amounts due to related parties | 8,977 | 8,138 |
Amounts due to ultimate holding company | 1,214 | 2,184 |
Amounts due to domestic carriers | 2,144 | 2,538 |
Commercial papers | 9,127 | |
Short-term bank loans | 15,449 | 22,945 |
Financial liabilities | 170,829 | 192,594 |
Between 1 and 2 years [member] | ||
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items] | ||
Long-term bank loans | 439 | 444 |
Corporate bonds | 34 | 17,282 |
Other obligations | 32 | 293 |
Amounts due to related parties | 132 | |
Financial liabilities | 637 | 18,019 |
Between 2 and 5 years [member] | ||
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items] | ||
Long-term bank loans | 1,334 | 1,329 |
Corporate bonds | 1,015 | 1,049 |
Other obligations | 48 | 48 |
Amounts due to related parties | 3,436 | |
Financial liabilities | 5,833 | 2,426 |
Over 5 years [member] | ||
Disclosure of maturity analysis for non-derivative financial liabilities [Line Items] | ||
Long-term bank loans | 2,150 | 2,567 |
Other obligations | 49 | 47 |
Financial liabilities | ¥ 2,199 | ¥ 2,614 |
Financial Risk Management and_6
Financial Risk Management and Fair Values of Financial Instruments - Summary of Debt-to-Capitalization Ratios (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Disclosure of objectives, policies and processes for managing capital [abstract] | |||||
Commercial papers | ¥ 8,991 | ||||
Short-term bank loans | ¥ 15,085 | $ 2,194 | 22,500 | ||
Long-term bank loans | 3,173 | 462 | 3,473 | ||
Corporate bonds | 999 | 145 | 17,981 | ||
Obligations under finance lease included in other obligations | 6 | 231 | |||
Amounts due to ultimate holding company | 1,344 | ||||
Amounts due to related parties | 3,090 | 475 | |||
Current portion of long-term bank loans | 441 | 64 | 410 | ||
Current portion of promissory notes | 17,960 | ||||
Current portion of corporate bonds | 16,994 | 2,472 | |||
Current portion of obligations under finance lease | 234 | 461 | |||
Interest-bearing debts | 40,022 | 73,826 | |||
Total equity | 314,286 | $ 45,711 | 304,347 | ¥ 227,682 | ¥ 231,216 |
Interest-bearing debts plus total equity | ¥ 354,308 | ¥ 378,173 | |||
Debt-to-capitalization ratio | 11.30% | 11.30% | 19.50% |
Financial Risk Management and_7
Financial Risk Management and Fair Values of Financial Instruments - Summary of Assets Measured at Fair Value (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | ¥ 3,903 | $ 568 | ¥ 4,286 |
Financial assets at fair value through other profit or loss | 770 | $ 112 | 160 |
Recurring fair value measurement [Member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | 3,903 | 4,286 | |
Total | 4,673 | 4,446 | |
Recurring fair value measurement [Member] | Level 1 [Member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | 3,845 | 4,228 | |
Total | 3,845 | 4,228 | |
Recurring fair value measurement [Member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Total | 570 | 97 | |
Recurring fair value measurement [Member] | Level 3 [Member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | 58 | 58 | |
Total | 258 | 121 | |
Recurring fair value measurement [Member] | Equity securities listed [Member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | 3,845 | 4,228 | |
Recurring fair value measurement [Member] | Equity securities listed [Member] | Level 1 [Member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | 3,845 | 4,228 | |
Recurring fair value measurement [Member] | Equity securities unlisted [Member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | 58 | 58 | |
Financial assets at fair value through other profit or loss | 200 | 63 | |
Recurring fair value measurement [Member] | Equity securities unlisted [Member] | Level 3 [Member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | 58 | 58 | |
Financial assets at fair value through other profit or loss | 200 | 63 | |
Recurring fair value measurement [Member] | Equity Securities Wealth Management Products [member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other profit or loss | 570 | 97 | |
Recurring fair value measurement [Member] | Equity Securities Wealth Management Products [member] | Level 2 [Member] | |||
Disclosure of fair value measurement of assets [Line Items] | |||
Financial assets at fair value through other profit or loss | ¥ 570 | ¥ 97 |
Financial Risk Management and_8
Financial Risk Management and Fair Values of Financial Instruments - Summary of Financial Instruments Measured at Carrying Value that are not Materially Different from their Fair Values (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of fair value measurement of liabilities [Line Items] | |||
Non-current portion of long-term bank loans | ¥ 3,173 | $ 462 | ¥ 3,473 |
Non-current portion of corporate bonds | 999 | $ 145 | 17,981 |
Level 1 [Member] | |||
Disclosure of fair value measurement of liabilities [Line Items] | |||
Non-current portion of corporate bonds | 1,014 | ||
Level 2 [Member] | |||
Disclosure of fair value measurement of liabilities [Line Items] | |||
Non-current portion of long-term bank loans | 3,098 | ||
Fair value [Member] | |||
Disclosure of fair value measurement of liabilities [Line Items] | |||
Non-current portion of long-term bank loans | 3,098 | 3,187 | |
Non-current portion of corporate bonds | ¥ 1,014 | ¥ 17,712 |
Critical Accounting Estimates_2
Critical Accounting Estimates and Judgments - Additional Information (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of changes in accounting estimates [abstract] | |||
Net deferred tax assets | ¥ 3,401 | $ 494 | ¥ 5,973 |
Revenue - Additional Informatio
Revenue - Additional Information (Detail) | May 01, 2018 | Dec. 31, 2018 |
Basic telecommunications services [member] | ||
Disclosure of products and services [Line Items] | ||
Value added tax rate | 11.00% | 10.00% |
Sales of telecommunications products [member] | ||
Disclosure of products and services [Line Items] | ||
Value added tax rate | 17.00% | 16.00% |
Value-added telecommunications services [member] | ||
Disclosure of products and services [Line Items] | ||
Value added tax rate | 6.00% | 6.00% |
Revenue - Summary of Disaggrega
Revenue - Summary of Disaggregation of Revenue From Customers by Major Services and Products (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of products and services [Line Items] | ||||
Voice usage and monthly fees | ¥ 32,486 | ¥ 39,154 | ¥ 47,500 | |
Broadband and mobile data services | 148,431 | 137,133 | 118,209 | |
Data and internet application services | 26,489 | 20,074 | 17,782 | |
Other value-added services | 24,606 | 22,793 | 24,187 | |
Interconnection fees | 13,708 | 14,233 | 14,748 | |
Transmission lines usage and associated services | 14,178 | 12,519 | 11,618 | |
Other services | 3,785 | 3,109 | 3,989 | |
Total service revenue | 263,683 | 249,015 | 238,033 | |
Sales of telecommunications products | 27,194 | 25,814 | 36,164 | |
Total Revenue | 290,877 | $ 42,306 | ¥ 274,829 | ¥ 274,197 |
Revenue from other sources | 1,067 | |||
Impact on initial application of IFRS 15 [member] | ||||
Disclosure of products and services [Line Items] | ||||
Revenue from contracts with customers | ¥ 289,810 |
Network, Operation and Suppor_3
Network, Operation and Support Expenses - Summary of Network, Operation and Support Expenses (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of analysis of income and expense [Line Items] | ||||
Network operations and support expenses | ¥ 55,077 | $ 8,011 | ¥ 54,507 | ¥ 51,167 |
Network, operation and support expenses [member] | ||||
Disclosure of analysis of income and expense [Line Items] | ||||
Repairs and maintenance | 11,102 | 10,531 | 11,150 | |
Power and water charges | 14,481 | 14,853 | 13,898 | |
Others | 2,067 | 1,875 | 1,453 | |
Network, operation and support expenses [member] | Property, plant and equipment [member] | ||||
Disclosure of analysis of income and expense [Line Items] | ||||
Operating lease and other services charges for network, premises, equipment and facilities | 11,445 | 10,724 | 9,779 | |
Network, operation and support expenses [member] | China Tower Corporation Limited ("Tower Company") [member] | ||||
Disclosure of analysis of income and expense [Line Items] | ||||
Operating lease and other service charges | ¥ 15,982 | ¥ 16,524 | ¥ 14,887 |
Employee Benefit Expenses - Sum
Employee Benefit Expenses - Summary of Employee Benefit Expenses (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Classes of employee benefits expense [abstract] | ||||
Salaries and wages | ¥ 35,498 | ¥ 32,155 | ¥ 27,178 | |
Contributions to defined contribution pension schemes | 6,823 | 5,550 | 5,236 | |
Contributions to medical insurance | 2,241 | 2,010 | 1,889 | |
Contributions to housing fund | 2,944 | 2,722 | 2,569 | |
Other housing benefits | 23 | 34 | 35 | |
Share-based compensation | 614 | |||
Employee benefit expenses | ¥ 48,143 | $ 7,002 | ¥ 42,471 | ¥ 36,907 |
Costs of Telecommunications P_3
Costs of Telecommunications Products Sold - Summary of Costs of Telecommunications Products Sold (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of products and services [Line Items] | ||||
Costs of telecommunications products sold | ¥ 27,604 | $ 4,015 | ¥ 26,643 | ¥ 39,301 |
Handsets and other telecommunication products [member] | ||||
Disclosure of products and services [Line Items] | ||||
Costs of telecommunications products sold | 27,403 | 26,406 | 38,888 | |
Others [member] | ||||
Disclosure of products and services [Line Items] | ||||
Costs of telecommunications products sold | ¥ 201 | ¥ 237 | ¥ 413 |
Other Operating Expenses - Summ
Other Operating Expenses - Summary of Other Operating Expenses (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of analysis of income and expense [Line Items] | |||
Other operating expenses | ¥ 62,561 | ¥ 57,166 | ¥ 54,585 |
Other operating expenses [Member] | |||
Disclosure of analysis of income and expense [Line Items] | |||
Credit loss allowance and write-down of inventories | 3,846 | 3,955 | 4,173 |
Commission and other service expenses | 23,151 | 22,658 | 23,826 |
Advertising and promotion expenses | 2,882 | 2,463 | 2,325 |
Internet access terminal maintenance expenses | 3,358 | 3,547 | 3,857 |
Customer retention costs | 4,085 | 3,987 | 3,775 |
Auditors' remuneration | 78 | 74 | 69 |
Property management fee | 2,192 | 2,169 | 2,150 |
Office and administrative expenses | 1,763 | 1,919 | 1,972 |
Transportation expense | 1,565 | 1,642 | 1,676 |
Miscellaneous taxes and fees | 1,387 | 1,251 | 1,375 |
Service technical support expenses | 8,035 | 4,355 | 4,641 |
Repairs and maintenance expenses | 770 | 824 | 852 |
Loss on disposal of property, plant and equipment | 4,148 | 3,489 | 355 |
Others | ¥ 5,301 | ¥ 4,833 | ¥ 3,539 |
Finance Costs - Summary of Fina
Finance Costs - Summary of Finance Costs (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of analysis of income and expense [Line Items] | ||||
- Less: Amounts capitalized in CIP | ¥ (534) | ¥ (670) | ¥ (769) | |
Total interest expense | 1,567 | 5,237 | 4,908 | |
Net exchange (gain)/loss | (80) | 231 | (260) | |
Others | 138 | 266 | 369 | |
Finance Costs | 1,625 | $ 236 | 5,734 | 5,017 |
Within 5 years [member] | ||||
Disclosure of analysis of income and expense [Line Items] | ||||
Interest on bank loans repayable | 908 | 3,378 | 2,730 | |
Interest on corporate bonds, promissory notes and commercial papers repayable | 1,113 | 2,403 | 2,885 | |
Interest on related party loans repayable within 5 years | 33 | 73 | ||
Over 5 years [member] | ||||
Disclosure of analysis of income and expense [Line Items] | ||||
Interest on bank loans repayable | ¥ 47 | ¥ 53 | ¥ 62 |
Other Income - Net - Summary of
Other Income - Net - Summary of Other Income - Net (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Analysis of income and expense [abstract] | |||
Dividend income from financial assets at fair value through other comprehensive income | ¥ 203 | ¥ 206 | ¥ 357 |
Others | 580 | 1,074 | 1,234 |
Other income - net | ¥ 783 | ¥ 1,280 | ¥ 1,591 |
Taxation - Additional Informati
Taxation - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of income tax expenses [Line Items] | |||
Applicable tax rate | 25.00% | 25.00% | 25.00% |
Preferential tax rate | 15.00% | 15.00% | 15.00% |
Deductible temporary differences for which no deferred tax asset is recognized | ¥ 1,942 | ¥ 1,849 | |
Hong Kong [member] | |||
Disclosure of income tax expenses [Line Items] | |||
Applicable tax rate | 16.50% | 16.50% | 16.50% |
PRC [member] | |||
Disclosure of income tax expenses [Line Items] | |||
Applicable tax rate | 25.00% | 25.00% | 25.00% |
Preferential tax rate | 15.00% | 15.00% | 15.00% |
Taxation - Summary of Income Ta
Taxation - Summary of Income Tax Expenses (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of income tax expenses [Line Items] | ||||
(Over)/Under-provision in respect of prior years | ¥ 18 | ¥ 39 | ¥ (41) | |
Total tax expenses excluded deferred taxation | 565 | 737 | 1,694 | |
Deferred taxation | 2,259 | 6 | (1,540) | |
Income tax expenses | 2,824 | $ 411 | 743 | 154 |
Hong Kong [member] | ||||
Disclosure of income tax expenses [Line Items] | ||||
Provision for income tax on the estimated taxable income for the year | 88 | 44 | 13 | |
Mainland China and other countries [member] | ||||
Disclosure of income tax expenses [Line Items] | ||||
Provision for income tax on the estimated taxable income for the year | ¥ 459 | ¥ 654 | ¥ 1,722 |
Taxation - Summary of Reconcili
Taxation - Summary of Reconciliation Between Actual Income Tax Expense and Accounting Profit (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | ||||
Income before taxation | ¥ 13,081 | $ 1,903 | ¥ 2,593 | ¥ 784 |
Expected income tax expense at PRC statutory tax rate of 25% | 3,270 | 648 | 196 | |
Impact of different tax rates outside Mainland China | (47) | (55) | (14) | |
Tax effect of preferential tax rate | (91) | (82) | (68) | |
Tax effect of non-deductible expenses | 421 | 300 | 191 | |
Tax effect of non-taxable income from share of net profit of joint ventures | (150) | (143) | (38) | |
Tax effect of non-taxable income from share of net loss/(profit) of associates | (369) | (133) | 39 | |
(Over)/Under-provision in respect of prior years | 18 | 39 | (41) | |
Tax effect of unused tax losses not recognized, net of utilization | (162) | 49 | (45) | |
Others | (66) | 120 | (66) | |
Income tax expenses | ¥ 2,824 | $ 411 | ¥ 743 | ¥ 154 |
Taxation - Summary of Reconci_2
Taxation - Summary of Reconciliation Between Actual Income Tax Expense and Accounting Profit (Parenthetical) (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Reconciliation of accounting profit multiplied by applicable tax rates [abstract] | |||
Statutory tax rate | 25.00% | 25.00% | 25.00% |
Preferential tax rate | 15.00% | 15.00% | 15.00% |
Deferred tax assets not recognized in respect of tax losses | ¥ 1,313 | ¥ 1,923 | |
Tax losses carried forward years | 5 years |
Taxation - Summary of Analysis
Taxation - Summary of Analysis of Deferred Tax Assets and Deferred Tax Liabilities (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Net deferred tax assets after offsetting | ¥ 3,401 | $ 494 | ¥ 5,973 |
Net deferred tax liabilities after offsetting | (111) | $ (16) | (108) |
Carrying amount [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 9,942 | 10,609 | |
Deferred tax liabilities | (6,541) | (4,636) | |
Net deferred tax liabilities after offsetting | (111) | (108) | |
Carrying amount [member] | More than one year [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 7,931 | 8,011 | |
Deferred tax liabilities | (5,770) | (4,079) | |
Net deferred tax liabilities after offsetting | (111) | (108) | |
Carrying amount [member] | Less than 1 year [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 2,011 | 2,598 | |
Deferred tax liabilities | ¥ (771) | ¥ (557) |
Taxation - Summary of Movement
Taxation - Summary of Movement of Net Deferred Tax Assets/(Liabilities) (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||||
Net deferred tax assets, Beginning balance | ¥ 5,973 | |||
Net deferred tax liabilities, Beginning balance | (108) | |||
- Deferred tax (charged)/ credited to the statements of income | (2,259) | ¥ (6) | ¥ 1,540 | |
Deferred tax credited/ (charged) to other comprehensive income | 3 | (2) | 13 | |
Net deferred tax liabilities, Ending balance | (111) | $ (16) | (108) | |
Reclassified from current taxes payable | (1,304) | |||
Net deferred tax assets, Ending balance | 3,401 | $ 494 | 5,973 | |
Impact on initial application of IFRS 15 [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||||
Net deferred tax assets, Ending balance | (229) | |||
Deferred tax assets [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||||
Net deferred tax assets, Beginning balance | 5,973 | 5,986 | 5,642 | |
- Deferred tax (charged)/ credited to the statements of income | (2,256) | (11) | 1,635 | |
Deferred tax credited/ (charged) to other comprehensive income | 3 | (2) | 13 | |
Reclassified from current taxes payable | (1,304) | |||
Net deferred tax assets, Ending balance | 3,401 | 5,973 | 5,986 | |
Deferred tax assets [member] | Previously stated [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||||
Net deferred tax assets, Beginning balance | 5,973 | 5,986 | 5,642 | |
Net deferred tax assets, Ending balance | 5,973 | 5,986 | ||
Deferred tax assets [member] | Impact on initial application of IFRS 15 [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||||
Net deferred tax assets, Beginning balance | (584) | |||
Net deferred tax assets, Ending balance | (584) | |||
Deferred tax assets [member] | Application of IFRS9 [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||||
Net deferred tax assets, Beginning balance | 265 | |||
Net deferred tax assets, Ending balance | 265 | |||
Deferred tax liabilities [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | ||||
Net deferred tax liabilities, Beginning balance | (108) | (113) | (18) | |
- Deferred tax (charged)/ credited to the statements of income | (3) | 5 | (95) | |
Net deferred tax liabilities, Ending balance | ¥ (111) | ¥ (108) | ¥ (113) |
Taxation - Summary of Movemen_2
Taxation - Summary of Movement of Net Deferred Tax Assets/(Liabilities) (Parenthetical) (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax (Charged)/Credit to the statements of income | ¥ (2,259) | ¥ (6) | ¥ 1,540 |
China Tower Corporation Limited ("Tower Company") [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax (Charged)/Credit to the statements of income | ¥ 373 | ¥ 373 |
Taxation - Summary of Component
Taxation - Summary of Components of Deferred Tax Assets/(Liabilities) (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | ¥ 5,546 | ¥ 5,873 | ¥ 5,624 |
(Charged)/Credited to the statements of income | (2,259) | (6) | 1,540 |
(Charged)/credited to other comprehensive income | 3 | (2) | 13 |
Reclassification of current tax payable | (1,304) | ||
Ending balance | 3,290 | 5,546 | 5,873 |
Credit loss allowance [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,868 | 1,553 | 1,431 |
(Charged)/Credited to the statements of income | (154) | 50 | 122 |
Ending balance | 1,714 | 1,868 | 1,553 |
Unrecognized revaluation surplus on prepayments for the leasehold land determined under PRC regulations [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,403 | 1,451 | 1,504 |
(Charged)/Credited to the statements of income | (49) | (48) | (53) |
Ending balance | 1,354 | 1,403 | 1,451 |
Deductible tax losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 2,244 | 2,433 | |
(Charged)/Credited to the statements of income | (941) | (189) | 2,433 |
Ending balance | 1,303 | 2,244 | 2,433 |
Accruals of expenses not yet deductible for tax purpose [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 2,554 | 1,693 | 1,221 |
(Charged)/Credited to the statements of income | 626 | 861 | 472 |
Ending balance | 3,180 | 2,554 | 1,693 |
Unrealized income from the transactions with Tower Company [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 697 | 787 | 877 |
(Charged)/Credited to the statements of income | (252) | (90) | (90) |
Ending balance | 445 | 697 | 787 |
Accelerated depreciation of property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (3,870) | (2,243) | (992) |
(Charged)/Credited to the statements of income | (2,051) | (1,627) | (1,251) |
Ending balance | (5,921) | (3,870) | (2,243) |
Gain from Tower Assets disposal [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (745) | (1,118) | |
(Charged)/Credited to the statements of income | 373 | 373 | 186 |
Reclassification of current tax payable | (1,304) | ||
Ending balance | (372) | (745) | (1,118) |
Contract costs [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (584) | ||
(Charged)/Credited to the statements of income | 355 | ||
Ending balance | (229) | (584) | |
Others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,979 | 1,317 | 1,583 |
(Charged)/Credited to the statements of income | (166) | 664 | (279) |
(Charged)/credited to other comprehensive income | 3 | (2) | 13 |
Ending balance | 1,816 | 1,979 | ¥ 1,317 |
Previously stated [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 5,865 | ||
Ending balance | 5,865 | ||
Previously stated [member] | Credit loss allowance [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,603 | ||
Ending balance | 1,603 | ||
Previously stated [member] | Unrecognized revaluation surplus on prepayments for the leasehold land determined under PRC regulations [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,403 | ||
Ending balance | 1,403 | ||
Previously stated [member] | Deductible tax losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 2,244 | ||
Ending balance | 2,244 | ||
Previously stated [member] | Accruals of expenses not yet deductible for tax purpose [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 2,554 | ||
Ending balance | 2,554 | ||
Previously stated [member] | Unrealized income from the transactions with Tower Company [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 697 | ||
Ending balance | 697 | ||
Previously stated [member] | Accelerated depreciation of property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (3,870) | ||
Ending balance | (3,870) | ||
Previously stated [member] | Gain from Tower Assets disposal [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (745) | ||
Ending balance | (745) | ||
Previously stated [member] | Others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 1,979 | ||
Ending balance | 1,979 | ||
Impact on initial application of IFRS 15 [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (584) | ||
Ending balance | (584) | ||
Impact on initial application of IFRS 15 [member] | Contract costs [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | (584) | ||
Ending balance | (584) | ||
Impact on initial application of IFRS 9 (2014) [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | 265 | ||
Ending balance | 265 | ||
Impact on initial application of IFRS 9 (2014) [member] | Credit loss allowance [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Beginning balance | ¥ 265 | ||
Ending balance | ¥ 265 |
Taxation - Summary of Temporary
Taxation - Summary of Temporary Differences (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Net deferred tax assets | ¥ 3,401 | $ 494 | ¥ 5,973 |
Net deferred tax liabilities after offsetting | (111) | $ (16) | (108) |
Carrying amount [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 9,942 | 10,609 | |
Deferred tax liabilities | (6,541) | (4,636) | |
Net deferred tax liabilities after offsetting | (111) | (108) | |
Carrying amount [member] | Credit loss allowance [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 1,714 | 1,603 | |
Carrying amount [member] | Unrecognized revaluation surplus on prepayments for the leasehold land determined under PRC regulations [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 1,354 | 1,403 | |
Carrying amount [member] | Accruals of expenses not yet deductible for tax purpose [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 3,180 | 2,554 | |
Carrying amount [member] | Deferred revenue on subscriber points reward program [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 203 | 183 | |
Carrying amount [member] | Unrealized income for the inter-company transactions [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 153 | 120 | |
Carrying amount [member] | Unrealized income from the transactions with Tower Company [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 445 | 697 | |
Carrying amount [member] | Government grants related to assets [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 536 | 363 | |
Carrying amount [member] | Intangible assets amortization difference [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 418 | 423 | |
Carrying amount [member] | Deductible tax losses [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 1,303 | 2,244 | |
Carrying amount [member] | Others [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax assets | 636 | 1,019 | |
Deferred tax liabilities | (19) | (21) | |
Carrying amount [member] | Gain from Tower Assets disposal [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax liabilities | (372) | (745) | |
Carrying amount [member] | Accelerated depreciation of property, plant and equipment [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax liabilities | (5,921) | (3,870) | |
Carrying amount [member] | Contract costs [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Deferred tax liabilities | (229) | ||
Carrying amount [member] | Accelerated depreciation for tax purpose [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [Line Items] | |||
Net deferred tax liabilities after offsetting | ¥ (111) | ¥ (108) |
Earnings Per Share - Summary of
Earnings Per Share - Summary of Computation of Basic and Diluted Earnings Per Share (Detail) ¥ / shares in Units, ¥ in Millions, shares in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥)¥ / sharesshares | Dec. 31, 2018USD ($)shares | Dec. 31, 2017CNY (¥)¥ / sharesshares | Dec. 31, 2016CNY (¥)¥ / sharesshares | |
Earnings per share [abstract] | ||||
Income attributable to equity shareholders of the Company used in computing basic/diluted earnings per share | ¥ 10,197 | $ 1,483 | ¥ 1,828 | ¥ 625 |
Weighted average number of ordinary shares outstanding used in computing basic/diluted earnings per share | shares | 30,598 | 30,598 | 24,567 | 23,947 |
Basic/Diluted earnings per share (in RMB) | ¥ / shares | ¥ 0.33 | ¥ 0.07 | ¥ 0.03 |
Earnings Per Share - Summary _2
Earnings Per Share - Summary of Weighted Average Number of Ordinary Shares (Detail) - shares shares in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Earnings per share [line items] | |||
Weighted average number of ordinary shares outstanding beginning balance | 24,567 | 23,947 | 23,947 |
Effect of shares issued | 0 | 620 | 0 |
Weighted average number of ordinary shares outstanding ending balance | 30,598 | 24,567 | 23,947 |
Increase (decrease) due to corrections of prior period errors [member] | |||
Earnings per share [line items] | |||
Weighted average number of ordinary shares outstanding beginning balance | 30,598 | ||
Weighted average number of ordinary shares outstanding ending balance | 30,598 |
Property, Plant and Equipment -
Property, Plant and Equipment - Summary of Movements of Property, Plant and Equipment (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | ¥ 416,596 | ¥ 451,115 | |
End of year | 384,475 | $ 55,920 | 416,596 |
Carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 1,018,447 | 1,046,539 | |
Additions | 44,710 | 42,648 | |
Transfer to other assets | (4,723) | (4,376) | |
Disposals | (71,871) | (66,364) | |
End of year | 986,563 | 1,018,447 | |
Accumulated depreciation, amortization and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | (601,851) | (595,424) | |
Charge for the year | (66,855) | (67,272) | |
Disposals | 66,618 | 60,845 | |
End of year | (602,088) | (601,851) | |
Buildings [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 39,363 | 37,966 | |
End of year | 39,654 | 39,363 | |
Buildings [member] | Carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 71,077 | 67,140 | |
Additions | 136 | 129 | |
Transfer from CIP | 2,959 | 4,219 | |
Disposals | (296) | (411) | |
End of year | 73,876 | 71,077 | |
Buildings [member] | Accumulated depreciation, amortization and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | (31,714) | (29,174) | |
Charge for the year | (2,712) | (2,765) | |
Disposals | 204 | 225 | |
End of year | (34,222) | (31,714) | |
Telecommunications equipment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 319,293 | 327,980 | |
End of year | 297,174 | 319,293 | |
Telecommunications equipment [member] | Carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 870,692 | 876,452 | |
Additions | 469 | 293 | |
Transfer from CIP | 44,805 | 58,535 | |
Disposals | (69,581) | (64,588) | |
End of year | 846,385 | 870,692 | |
Telecommunications equipment [member] | Accumulated depreciation, amortization and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | (551,399) | (548,472) | |
Charge for the year | (62,308) | (62,311) | |
Disposals | 64,496 | 59,384 | |
End of year | (549,211) | (551,399) | |
Office furniture, fixtures, motor vehicles and other equipment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 4,726 | 5,021 | |
End of year | 4,521 | 4,726 | |
Office furniture, fixtures, motor vehicles and other equipment [member] | Carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 20,170 | 20,007 | |
Additions | 396 | 426 | |
Transfer from CIP | 746 | 783 | |
Disposals | (1,232) | (1,046) | |
End of year | 20,080 | 20,170 | |
Office furniture, fixtures, motor vehicles and other equipment [member] | Accumulated depreciation, amortization and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | (15,444) | (14,986) | |
Charge for the year | (1,271) | (1,386) | |
Disposals | 1,156 | 928 | |
End of year | (15,559) | (15,444) | |
Leasehold improvements [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 1,101 | 1,348 | |
End of year | 938 | 1,101 | |
Leasehold improvements [member] | Carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 4,290 | 4,035 | |
Additions | 135 | 290 | |
Transfer from CIP | 253 | 284 | |
Disposals | (762) | (319) | |
End of year | 3,916 | 4,290 | |
Leasehold improvements [member] | Accumulated depreciation, amortization and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | (3,189) | (2,687) | |
Charge for the year | (551) | (810) | |
Disposals | 762 | 308 | |
End of year | (2,978) | (3,189) | |
Construction-in-progress [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 52,113 | 78,800 | |
End of year | 42,188 | 52,113 | |
Construction-in-progress [member] | Carrying amount [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | 52,218 | 78,905 | |
Additions | 43,574 | 41,510 | |
Transfer from CIP | (48,763) | (63,821) | |
Transfer to other assets | (4,723) | (4,376) | |
End of year | 42,306 | 52,218 | |
Construction-in-progress [member] | Accumulated depreciation, amortization and impairment [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Beginning of year | (105) | (105) | |
Charge for the year | (13) | ||
End of year | ¥ (118) | ¥ (105) |
Property,Plant and Equipment -
Property,Plant and Equipment - Additional Information (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Net book value of assets held under finance leases | ¥ 343 | ¥ 789 | |
Interest expense | 534 | 670 | ¥ 769 |
Disposal of property, plant and equipment | 5,253 | 5,519 | 3,556 |
Sales consideration | 1,105 | 2,030 | 3,201 |
Gain (loss) on disposal of property, plant and equipment | ¥ (4,148) | ¥ (3,489) | ¥ (355) |
Bottom of range [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Capitalized borrowing rate | 3.16% | 3.21% | 3.33% |
Top of range [member] | |||
Disclosure of detailed information about property, plant and equipment [Line Items] | |||
Capitalized borrowing rate | 3.61% | 3.88% | 3.79% |
Lease Prepayments - Summary of
Lease Prepayments - Summary of Movement of Lease Prepayments (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | |
Disclosure Of Lease Prepayments [abstract] | |||
Beginning of the year | ¥ 9,313 | ¥ 9,436 | |
Addition | 282 | 186 | |
Amortization | (305) | (309) | |
End of the year | ¥ 9,290 | $ 1,351 | ¥ 9,313 |
Goodwill - Additional Informati
Goodwill - Additional Information (Detail) - CNY (¥) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Goodwill [abstract] | ||
Pre-tax cash flow projections period | 5 years | 5 years |
Service revenue annual growth rate | 1.00% | 2.00% |
Discount rate | 11.00% | 11.00% |
Impairment of goodwill | ¥ 0 | ¥ 0 |
Investments in Subsidiaries - S
Investments in Subsidiaries - Summary of Company's Subsidiaries (Detail) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2018CNY (¥)¥ / sharesshares | Dec. 31, 2018HKD ($)shares | Dec. 31, 2018£ / shares | Dec. 31, 2018¥ / shares | Dec. 31, 2018R / shares | Dec. 31, 2018$ / shares | Dec. 31, 2018$ / shares | Dec. 31, 2018₽ / shares | Dec. 31, 2018BRL (R$)shares | Dec. 31, 2018฿ / shares | Dec. 31, 2018RM / shares | Dec. 31, 2018₩ / shares | Dec. 31, 2018VND (₫)shares | Dec. 31, 2018KHR (៛)shares | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) | |
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Issued share capital, value | ¥ 254,056,000,000 | ¥ 254,056,000,000 | ¥ 179,102,000,000 | ¥ 179,102,000,000 | |||||||||||||
China United Network Communications Corporation Limited ("CUCL") [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China United Network Communications Corporation Limited (“CUCL”) | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Apr. 21, 2000 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 213,044,797,828 | ||||||||||||||||
Principal activities and place of operation | Telecommunications operation in the PRC | ||||||||||||||||
China United Network Communications Corporation Limited ("CUCL") [member] | Direct [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Global Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Global Limited | ||||||||||||||||
Place of incorporation/establishment | Hong Kong | ||||||||||||||||
Date of incorporation/establishment | May 29, 2015 | ||||||||||||||||
Nature of legal entity | limited company | ||||||||||||||||
Issued share capital, value | $ | $ 2,625,097,491 | ||||||||||||||||
Principal activities and place of operation | Investment holding | ||||||||||||||||
China Unicom Global Limited [member] | Direct [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Hong Kong) Operations Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Hong Kong) Operations Limited | ||||||||||||||||
Place of incorporation/establishment | Hong Kong | ||||||||||||||||
Date of incorporation/establishment | May 24, 2000 | ||||||||||||||||
Nature of legal entity | limited company | ||||||||||||||||
Issued share capital, value | $ | $ 1,510,100,000 | ||||||||||||||||
Principal activities and place of operation | Telecommunications service in Hong Kong | ||||||||||||||||
China Unicom (Hong Kong) Operations Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Americas) Operations Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Americas) Operations Limited | ||||||||||||||||
Place of incorporation/establishment | USA | ||||||||||||||||
Date of incorporation/establishment | May 24, 2002 | ||||||||||||||||
Nature of legal entity | limited company | ||||||||||||||||
Issued share capital, shares | shares | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | ||||||||||||
Issued share capital, par value | $ / shares | $ 100 | ||||||||||||||||
Principal activities and place of operation | Telecommunications service in the USA | ||||||||||||||||
China Unicom (Americas) Operations Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Europe) Operations Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Europe) Operations Limited | ||||||||||||||||
Place of incorporation/establishment | The United Kingdom | ||||||||||||||||
Date of incorporation/establishment | Nov. 8, 2006 | ||||||||||||||||
Nature of legal entity | limited company | ||||||||||||||||
Issued share capital, shares | shares | 4,861,000 | 4,861,000 | 4,861,000 | 4,861,000 | 4,861,000 | ||||||||||||
Issued share capital, par value | £ / shares | £ 1 | ||||||||||||||||
Principal activities and place of operation | Telecommunications operation in the United kingdom | ||||||||||||||||
China Unicom (Europe) Operations Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Japan) Operations Corporation [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Japan) Operations Corporation | ||||||||||||||||
Place of incorporation/establishment | Japan | ||||||||||||||||
Date of incorporation/establishment | Jan. 25, 2007 | ||||||||||||||||
Nature of legal entity | limited company | ||||||||||||||||
Issued share capital, shares | shares | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | ||||||||||||
Issued share capital, par value | ¥ / shares | ¥ 366,000 | ||||||||||||||||
Principal activities and place of operation | Telecommunications operation in Japan | ||||||||||||||||
China Unicom (Japan) Operations Corporation [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Singapore) Operations Pte Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Singapore) Operations Pte Limited | ||||||||||||||||
Place of incorporation/establishment | Singapore | ||||||||||||||||
Date of incorporation/establishment | Aug. 5, 2009 | ||||||||||||||||
Nature of legal entity | limited company | ||||||||||||||||
Issued share capital, shares | shares | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 | ||||||||||||
Issued share capital, par value | ¥ / shares | ¥ 1 | ||||||||||||||||
Principal activities and place of operation | Telecommunications operation in Singapore | ||||||||||||||||
China Unicom (Singapore) Operations Pte Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (South Africa) Operations (Pty) Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (South Africa) Operations (Pty) Limited | ||||||||||||||||
Place of incorporation/establishment | South Africa | ||||||||||||||||
Date of incorporation/establishment | Nov. 19, 2012 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, shares | shares | 100 | 100 | 100 | 100 | 100 | ||||||||||||
Issued share capital, par value | R / shares | R 1 | ||||||||||||||||
Principal activities and place of operation | Telecommunications operation in South Africa | ||||||||||||||||
China Unicom (South Africa) Operations (Pty) Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (MYA) Operations Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (MYA) Operations Company Limited | ||||||||||||||||
Place of incorporation/establishment | The Republic of the Union of Myanmar ("Myanmar") | ||||||||||||||||
Date of incorporation/establishment | Jun. 7, 2013 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, shares | shares | 2,150,000 | 2,150,000 | 2,150,000 | 2,150,000 | 2,150,000 | ||||||||||||
Issued share capital, par value | $ / shares | $ 1 | ||||||||||||||||
Principal activities and place of operation | Communications technology training in Myanmar | ||||||||||||||||
China Unicom (MYA) Operations Company Limited [member] | Direct [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 30.00% | ||||||||||||||||
China Unicom (MYA) Operations Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 70.00% | ||||||||||||||||
China Unicom (Australia) Operations Pty Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Australia) Operations Pty Limited | ||||||||||||||||
Place of incorporation/establishment | Australia | ||||||||||||||||
Date of incorporation/establishment | May 27, 2014 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, shares | shares | 4,350,000 | 4,350,000 | 4,350,000 | 4,350,000 | 4,350,000 | ||||||||||||
Issued share capital, par value | $ / shares | $ 1 | ||||||||||||||||
Principal activities and place of operation | Telecommunications operation in Australia | ||||||||||||||||
China Unicom (Australia) Operations Pty Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Russia) Operations Limited Liability Company [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Russia) Operations Limited Liability Company | ||||||||||||||||
Place of incorporation/establishment | Russia | ||||||||||||||||
Date of incorporation/establishment | Dec. 28, 2016 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, par value | ₽ / shares | ₽ 10,000 | ||||||||||||||||
Principal activities and place of operation | Telecommunications service in Russia | ||||||||||||||||
China Unicom (Russia) Operations Limited Liability Company [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Brazil) Telecommunications Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Brazil) Telecommunications Limited | ||||||||||||||||
Place of incorporation/establishment | Brazil | ||||||||||||||||
Date of incorporation/establishment | Jun. 23, 2016 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | R$ | R$ 21165840 | ||||||||||||||||
Principal activities and place of operation | Telecommunications service in Brazil | ||||||||||||||||
China Unicom (Brazil) Telecommunications Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Brazil) Holdings Ltda. [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Brazil) Holdings Ltda. | ||||||||||||||||
Place of incorporation/establishment | Brazil | ||||||||||||||||
Date of incorporation/establishment | Oct. 27, 2017 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | R$ | R$ 21277298 | ||||||||||||||||
Principal activities and place of operation | Investment holding | ||||||||||||||||
China Unicom (Brazil) Holdings Ltda. [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Operations (Thailand) Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Operations (Thailand) Limited | ||||||||||||||||
Place of incorporation/establishment | Thailand | ||||||||||||||||
Date of incorporation/establishment | Nov. 20, 2017 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, shares | shares | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | ||||||||||||
Issued share capital, par value | ฿ / shares | ฿ 100 | ||||||||||||||||
Principal activities and place of operation | Telecommunications service in Thailand | ||||||||||||||||
China Unicom Operations (Thailand) Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Operations (Malaysia) Sdn. Bhd [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Operations (Malaysia) Sdn. Bhd | ||||||||||||||||
Place of incorporation/establishment | Malaysia | ||||||||||||||||
Date of incorporation/establishment | Nov. 10, 2017 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, shares | shares | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | ||||||||||||
Issued share capital, par value | RM / shares | RM 1 | ||||||||||||||||
Principal activities and place of operation | Telecommunications services in Malaysia | ||||||||||||||||
China Unicom Operations (Malaysia) Sdn. Bhd [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Operations Korea Co., Ltd [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Operations Korea Co., Ltd | ||||||||||||||||
Place of incorporation/establishment | Korea | ||||||||||||||||
Date of incorporation/establishment | Nov. 24, 2017 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, shares | shares | 60,000 | 60,000 | 60,000 | 60,000 | 60,000 | ||||||||||||
Issued share capital, par value | ₩ / shares | ₩ 5,000 | ||||||||||||||||
Principal activities and place of operation | Telecommunications service in Korea | ||||||||||||||||
China Unicom Operations Korea Co., Ltd [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Vietnam) Operations Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China unicom (Vietnam)Operations Company Limited | ||||||||||||||||
Place of incorporation/establishment | Vietnam | ||||||||||||||||
Date of incorporation/establishment | Apr. 19, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ₫ | ₫ 2,276,000,000 | ||||||||||||||||
Principal activities and place of operation | Telecommunications Services in Vietnam | ||||||||||||||||
China Unicom (Vietnam) Operations Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Operations (Cambodia) Operations Co. Ltd [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Unicom Operations (Cambodia)Operations Co.Ltd | ||||||||||||||||
Place of incorporation/establishment | Cambodia | ||||||||||||||||
Date of incorporation/establishment | May 11, 2018 | ||||||||||||||||
Nature of legal entity | Limited liability company | ||||||||||||||||
Issued share capital, value | ៛ | ៛ 4,000 | ||||||||||||||||
Issued share capital, shares | shares | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | ||||||||||||
Principal activities and place of operation | Telecommunications Services in Cambodia | ||||||||||||||||
China Unicom Operations (Cambodia) Operations Co. Ltd [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Unicom Vsens Telecommunications Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Unicom Vsens Telecommunications Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Aug. 19, 2008 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 610,526,500 | ||||||||||||||||
Principal activities and place of operation | Sales of handsets, telecommunication equipment and provision of technical services in the PRC | ||||||||||||||||
Unicom Vsens Telecommunications Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom System Integration Limited Corporation [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom System Integration Limited Corporation | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Apr. 30, 2006 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 932,200,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom System Integration Limited Corporation [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Online Information Technology Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Online Information Technology Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 29, 2006 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 400,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of internet information services and value-added telecommunications services in the PRC | ||||||||||||||||
China Unicom Online Information Technology Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Beijing Telecom Planning and Designing Institute Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Beijing Telecom Planning and Designing Institute Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Apr. 25, 1996 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 264,227,115 | ||||||||||||||||
Principal activities and place of operation | Provision of telecommunications network construction, planning and technical consulting services in the PRC | ||||||||||||||||
Beijing Telecom Planning and Designing Institute Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Information Technology Designing & Consulting Institute Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Information Technology Designing & Consulting Institute Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Nov. 11, 1991 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 430,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of consultancy, survey, design and contract services relating to information projects and construction projects in the telecommunications industry in the PRC | ||||||||||||||||
China Information Technology Designing & Consulting Institute Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Information Navigation Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Information Navigation Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Sep. 17, 1998 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 6,825,087,800 | ||||||||||||||||
Principal activities and place of operation | Provision of customer services in the PRC | ||||||||||||||||
China Unicom Information Navigation Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Huaxia P&T Project Consultation and Management Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Huaxia P&T Project Consultation and Management Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 5, 1998 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 50,100,000 | ||||||||||||||||
Principal activities and place of operation | Provision of project consultation and management service in the PRC | ||||||||||||||||
Huaxia P&T Project Consultation and Management Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Zhengzhou Kaicheng Industrial Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Zhengzhou Kaicheng Industrial Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Dec. 21, 2005 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 2,200,000 | ||||||||||||||||
Principal activities and place of operation | Provision of property management services in the PRC | ||||||||||||||||
Zhengzhou Kaicheng Industrial Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Unicompay Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Unicompay Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Apr. 11, 2011 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 250,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of e-payment services in the PRC | ||||||||||||||||
Unicompay Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Beijing Wo Digital Media Advertising Co., Ltd [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Beijing Wo Digital Media Advertising Co., Ltd | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Jul. 21, 2006 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 20,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of advertising design, production, agency and publication in the PRC | ||||||||||||||||
Beijing Wo Digital Media Advertising Co., Ltd [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Unicom Horizon Mobile Communications Company Limited (Unicom Horizon) [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Unicom Horizon Mobile Communications Company Limited("Unicom Horizon") | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Feb. 14, 2001 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 40,233,739,557 | ||||||||||||||||
Principal activities and place of operation | Provision of lease service of telecommunications networks in the PRC | ||||||||||||||||
Unicom Horizon Mobile Communications Company Limited (Unicom Horizon) [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Unicom Cloud Data Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Unicom Cloud Data Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Jun. 4, 2013 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 2,854,851,100 | ||||||||||||||||
Principal activities and place of operation | Provision of technology development, transfer and consulting service in the PRC | ||||||||||||||||
Unicom Cloud Data Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Unicom Innovation Investment Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Unicom Innovation Investment Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Apr. 29, 2014 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 740,000,000 | ||||||||||||||||
Principal activities and place of operation | Venture capital investment business in the PRC | ||||||||||||||||
Unicom Innovation Investment Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Xiaowo Technology Co. Ltd [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Xiaowo Technology Co. Ltd | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Oct. 24, 2014 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 200,000,000 | ||||||||||||||||
Principal activities and place of operation | Communications technology development and promotion in the PRC | ||||||||||||||||
Xiaowo Technology Co. Ltd [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Smart Connection Technology Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Smart Connection Technology Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Aug. 7, 2015 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 170,000,000 | ||||||||||||||||
Principal activities and place of operation | Auto informatization in the PRC | ||||||||||||||||
China Unicom Smart Connection Technology Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Unicom Intelligent Network Ruixing Technology (Beijing) Co., Ltd.[member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Unicom Intelligent Network Ruixing Technology (Beijing) Co., Ltd. | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Sep. 26, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 10,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of technology promotion service of intelligent transportation system’s products in the PRC | ||||||||||||||||
Unicom Intelligent Network Ruixing Technology (Beijing) Co., Ltd.[member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 80.00% | ||||||||||||||||
Unicom Intelligent Vehicle Technology (Shanghai) Co., Ltd. | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Unicom Intelligent Vehicle Technology (Shanghai) Co., Ltd | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Sep. 28, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Principal activities and place of operation | Provision of technology development, technology consultation and other services in the PRC | ||||||||||||||||
Unicom Intelligent Vehicle Technology (Shanghai) Co., Ltd. | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Finance Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Finance Company | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Jun. 17, 2016 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 3,000,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of financial services in the PRC | ||||||||||||||||
China Unicom Finance Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 91.00% | ||||||||||||||||
China Unicom Innovation Investment Company (Shenzhen) Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Innovation Investment Company (Shenzhen) Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Jan. 28, 2016 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Principal activities and place of operation | Venture capital investment business in the PRC | ||||||||||||||||
China Unicom Innovation Investment Company (Shenzhen) Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Innovation Investment Company (Guizhou) Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Innovation Investment Company (Guizhou) Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Oct. 8, 2016 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 1,000,000 | ||||||||||||||||
Principal activities and place of operation | Venture capital investment business in the PRC | ||||||||||||||||
China Unicom Innovation Investment Company (Guizhou) Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 60.00% | ||||||||||||||||
China Unicom Innovation Investment (Shenzhen) Investment Center [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Innovation Investment (Shenzhen) Investment Center | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Feb. 1, 2016 | ||||||||||||||||
Nature of legal entity | limited partnership | ||||||||||||||||
Issued share capital, value | ¥ 28,500,000 | ||||||||||||||||
Principal activities and place of operation | Venture capital investment business in the PRC | ||||||||||||||||
China Unicom Innovation Investment (Shenzhen) Investment Center [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Big Data Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Unicom Big Data Co., Ltd. | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Aug. 24, 2017 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 165,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of data processing service in the PRC | ||||||||||||||||
China Unicom Big Data Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
Liantong Travel Service Beijing Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | Liantong Travel Service (Beijing) Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Sep. 30, 2017 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 12,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of tourism and information services in the PRC | ||||||||||||||||
Liantong Travel Service Beijing Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Guangdong Branch) Intenet Industry Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Guangdong Branch) Internet Industry Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Jan. 5, 2017 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 100,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom (Guangdong Branch) Intenet Industry Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Zhejiang) Industry Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Zhejiang) Industry Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Jun. 20, 2017 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 11,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom (Zhejiang) Industry Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (ShanDong) Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (ShanDong) Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 3, 2017 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 50,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom (ShanDong) Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Fujian) Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Fujian) Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Feb. 23, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 50,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom (Fujian) Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Shanxi) Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Shanxi) Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 21, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 20,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom (Shanxi) Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Xiongan Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Xiongan Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Apr. 25, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 15,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom Xiongan Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (sichuan) Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Sichuan) Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 29, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 50,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom (sichuan) Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Liaoning Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Liaoning) Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 28, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 5,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom Liaoning Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Shaanxi Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Shaanxi) Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 27, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 20,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom Shaanxi Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Jiangsu Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Jiangsu) Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | May 9, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 26,200,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom Jiangsu Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Shanghai) Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Shanghai) Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 13, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 20,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom (Shanghai) Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom (Heilongjiang) Industrial Internet Company Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom (Heilongjiang) Industrial Internet Company Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 14, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 15,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of information communications technology services in the PRC | ||||||||||||||||
China Unicom (Heilongjiang) Industrial Internet Company Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Video Technology Co., Ltd. [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Video Technology Co., Ltd. | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Jan. 17, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 100,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of technology research and development, consultation and services of TV Video and Mobile Video in the PRC | ||||||||||||||||
China Unicom Video Technology Co., Ltd. [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Internet of Things Corporation Limited [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Internet of Things Corporation Limited | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 16, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 107,000,000 | ||||||||||||||||
Principal activities and place of operation | Online Data Processing and Transaction Business in the PRC | ||||||||||||||||
China Unicom Internet of Things Corporation Limited [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom High-tech Big Data Artificial Intelligence Technology (Chengdu) Co., Ltd [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom High-tech Big Data Artificial Intelligence Technology (Chengdu) Co., Ltd. | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Mar. 29, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 10,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of Big Data Service in the PRC | ||||||||||||||||
China Unicom High-tech Big Data Artificial Intelligence Technology (Chengdu) Co., Ltd [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom iRead Science and Culture, Co., Ltd. [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom iRead Science and Culture, Co., Ltd. | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Apr. 28, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 51,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of Online Video, Online Reading Material in the PRC | ||||||||||||||||
China Unicom iRead Science and Culture, Co., Ltd. [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom WO Music & Culture Co., Ltd. [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom WO Music & Culture Co., Ltd. | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | May 8, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 100,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of Network Music Service in the PRC | ||||||||||||||||
China Unicom WO Music & Culture Co., Ltd. [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 100.00% | ||||||||||||||||
China Unicom Leasing Co., Ltd [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Name | China Unicom Leasing Co., Ltd. | ||||||||||||||||
Place of incorporation/establishment | The PRC | ||||||||||||||||
Date of incorporation/establishment | Apr. 11, 2018 | ||||||||||||||||
Nature of legal entity | limited liability company | ||||||||||||||||
Issued share capital, value | ¥ 2,000,000,000 | ||||||||||||||||
Principal activities and place of operation | Provision of Financing leasing business in the PRC | ||||||||||||||||
China Unicom Leasing Co., Ltd [member] | Direct [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 25.00% | ||||||||||||||||
China Unicom Leasing Co., Ltd [member] | Indirectly [member] | |||||||||||||||||
Disclosure of subsidiaries [Line Items] | |||||||||||||||||
Percentage of equity interests held | 75.00% |
Interest in Associates - Summar
Interest in Associates - Summary of Share of Net Assets in Associates (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of associates [abstract] | |||
Share of net assets | ¥ 35,758 | $ 5,201 | ¥ 33,233 |
Interest in Associates - Summ_2
Interest in Associates - Summary of Particulars of Material Associate (Detail) - CNY (¥) | 1 Months Ended | 12 Months Ended | |||
Aug. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Disclosure of associates [Line Items] | |||||
Paid up capital | ¥ 254,056,000,000 | ¥ 254,056,000,000 | ¥ 179,102,000,000 | ¥ 179,102,000,000 | |
China Tower Corporation Limited ("Tower Company") [member] | |||||
Disclosure of associates [Line Items] | |||||
Name | Tower Company | ||||
Form of business structure | Incorporated | ||||
Place of incorporation | The PRC | ||||
Place of business | The PRC | ||||
Proportion of ownership interest held by a subsidiary | 20.65% | 20.65% | 28.10% | ||
Paid up capital | ¥ 176,008,471,024 | ||||
Principal activities | Construction, maintenance and operation of communications towers in the PRC (Note 44.2) |
Interest in Associates - Additi
Interest in Associates - Additional Informations (Detail) ¥ in Millions, $ in Millions | 1 Months Ended | 12 Months Ended | |||
Aug. 31, 2018CNY (¥) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of associates and joint ventures [line items] | |||||
Share of net profit of associates under equity method | ¥ 2,477 | $ 360 | ¥ 893 | ¥ 204 | |
China Tower Corporation Limited ("Tower Company") [member] | |||||
Disclosure of associates and joint ventures [line items] | |||||
Share of net profit of associates under equity method | ¥ 793 | ||||
Group's effective interest | 20.65% | 20.65% | 20.65% | 28.10% | |
Realization of unrealized profit | ¥ 682 |
Interest in Associates - Summ_3
Interest in Associates - Summary of Financial Information of Material Associate (Detail) ¥ in Millions, $ in Millions | 1 Months Ended | 12 Months Ended | |||||
Aug. 31, 2018 | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2015CNY (¥) | |
Disclosure of associates [Line Items] | |||||||
Current assets | ¥ 75,909 | ¥ 76,722 | $ 11,040 | ||||
Non-current assets | 464,411 | 495,261 | 67,546 | ||||
Current liabilities | (214,910) | (242,622) | (31,257) | ||||
Non-current liabilities | (11,124) | (25,014) | (1,618) | ||||
Equity | 314,286 | 304,347 | ¥ 227,682 | 45,711 | ¥ 231,216 | ||
Revenue | 290,877 | $ 42,306 | 274,829 | 274,197 | |||
Income for the year | 10,257 | 1,492 | 1,850 | 630 | |||
Total comprehensive income for the year | 10,012 | $ 1,456 | 1,620 | ¥ 267 | |||
Reconciled to the Group's interest in the associate: | |||||||
Carrying amount | 35,758 | 33,233 | $ 5,201 | ||||
China Tower Corporation Limited ("Tower Company") [member] | |||||||
Disclosure of associates [Line Items] | |||||||
Current assets | 31,799 | 30,517 | |||||
Non-current assets | 283,565 | 292,126 | |||||
Current liabilities | (114,759) | (150,041) | |||||
Non-current liabilities | (20,103) | (45,107) | |||||
Equity | (180,502) | (127,495) | |||||
Revenue | 71,819 | 68,665 | |||||
Income for the year | 2,650 | 1,943 | |||||
Total comprehensive income for the year | 2,650 | 1,943 | |||||
Reconciled to the Group's interest in the associate: | |||||||
Net assets of the associate | ¥ 180,502 | ¥ 127,495 | |||||
The Group's effective interest | 20.65% | 20.65% | 20.65% | 28.10% | |||
Carrying amount | ¥ 35,498 | ¥ 33,042 | |||||
China Tower Corporation Limited ("Tower Company") [member] | Carrying amount [member] | |||||||
Reconciled to the Group's interest in the associate: | |||||||
Carrying amount | 37,278 | 35,826 | |||||
China Tower Corporation Limited ("Tower Company") [member] | Adjustment for the remaining balance of the deferred gain from the Group's Tower Assets Disposal [member] | |||||||
Reconciled to the Group's interest in the associate: | |||||||
Carrying amount | ¥ (1,780) | ¥ (2,784) |
Interest in Associates - Summ_4
Interest in Associates - Summary of Fair Values of Interests in Associates Based on Quoted Market Prices Without any Deduction for Transaction Costs (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of associates and joint ventures [line items] | |||
Carrying amount | ¥ 35,758 | $ 5,201 | ¥ 33,233 |
Tower Company [member] | |||
Disclosure of associates and joint ventures [line items] | |||
Carrying amount | 35,498 | ||
Fair value | 53,792 | ||
Interest in listed associate [member] | |||
Disclosure of associates and joint ventures [line items] | |||
Carrying amount | 35,498 | ||
Fair value | ¥ 53,792 |
Interest in Joint Ventures - Su
Interest in Joint Ventures - Summary of Interests In Joint Venture (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of joint ventures [abstract] | ||
Share of net assets | ¥ 3,966 | ¥ 2,368 |
Interest in Joint Ventures - Ad
Interest in Joint Ventures - Additional Information (Detail) | Dec. 31, 2018CNY (¥) |
Disclosure of joint ventures [abstract] | |
Available quoted market price | ¥ 0 |
Interest in Joint Ventures - _2
Interest in Joint Ventures - Summary of Company's Interest in Joint Venture (Detail) - Merchants Union Consumer Finance Company Limited [member] - CNY (¥) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of joint ventures [line items] | ||
Form of business structure | Incorporated | |
Place of incorporation and business | The PRC | |
Proportion of ownership interest held by a subsidiary | 50.00% | 50.00% |
Paid up capital | ¥ 3,868,960,000 | |
Principal activities | Consumer finance consulting in the PRC |
Interest in Joint Ventures - _3
Interest in Joint Ventures - Summary of Financial Information of Material Joint Venture (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2015CNY (¥) | |
Disclosure of joint ventures [line items] | ||||||
Assets | ¥ 540,320 | ¥ 571,983 | $ 78,586 | |||
Liabilities | (226,034) | (267,636) | (32,875) | |||
Equity | (314,286) | (304,347) | ¥ (227,682) | $ (45,711) | ¥ (231,216) | |
Revenue | 290,877 | $ 42,306 | 274,829 | 274,197 | ||
Net income for the year | 10,257 | 1,492 | 1,850 | 630 | ||
Total comprehensive income for the year | 10,012 | 1,456 | 1,620 | 267 | ||
Interest income | 1,712 | 249 | 1,647 | 1,160 | ||
Interest expense | (1,625) | (236) | (5,734) | (5,017) | ||
Income tax expense | (2,824) | $ (411) | (743) | ¥ (154) | ||
Merchants Union Consumer Finance Company Limited [member] | ||||||
Disclosure of joint ventures [line items] | ||||||
Assets | 74,748 | 46,980 | ||||
Liabilities | (66,854) | (42,339) | ||||
Equity | (7,894) | (4,641) | ||||
Revenue | 6,956 | 4,163 | ||||
Net income for the year | 1,253 | 1,189 | ||||
Total comprehensive income for the year | 1,253 | 1,189 | ||||
Interest income | 9,887 | 5,593 | ||||
Interest expense | (3,079) | (1,516) | ||||
Income tax expense | (391) | (383) | ||||
Reconciled to the Group's interests in the joint venture: | ||||||
Net assets of the joint venture | ¥ 7,894 | ¥ 4,641 | ||||
The Group's effective interest | 50.00% | 50.00% | 50.00% | |||
Carrying amount in the consolidated financial statements | ¥ 3,947 | ¥ 2,321 |
Contract Assets and Contract _3
Contract Assets and Contract Liabilities - Summary of Contract Assets (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Jan. 01, 2018 |
Disclosure of contract assets [line items] | ||
Contract assets | ¥ 570 | ¥ 753 |
Receivables for sales of mobile handsets net of allowance [member] | ||
Disclosure of contract assets [line items] | ||
Contract assets | 1,824 | 2,974 |
Less current portion [member] | ||
Disclosure of contract assets [line items] | ||
Contract assets | ¥ 1,254 | ¥ 2,221 |
Contract Assets and Contract _4
Contract Assets and Contract Liabilities - Summary of Contract Liabilities (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Jan. 01, 2018 |
Disclosure of contract liabilities [line items] | ||
Contract liabilities | ¥ 42,650 | ¥ 46,422 |
Advances received from customers for future services [member] | ||
Disclosure of contract liabilities [line items] | ||
Contract liabilities | 41,567 | 45,329 |
Other contract liabilities [member] | ||
Disclosure of contract liabilities [line items] | ||
Contract liabilities | ¥ 1,083 | ¥ 1,093 |
Contract Assets and Contract _5
Contract Assets and Contract Liabilities - Summary of Contract Liabilities (Parenthetical) (Detail) | Jan. 01, 2018 |
Contract liabilities [abstract] | |
Contract liability recognized as revenue | 96.00% |
Contract Costs - Schedule of Co
Contract Costs - Schedule of Contract Costs (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Jan. 01, 2018CNY (¥) |
Disclosure of detailed information about contract costs [line items] | |||
Contract costs | ¥ 5,632 | $ 819 | ¥ 6,856 |
Direct incremental costs of broadband and IPTV service [member] | |||
Disclosure of detailed information about contract costs [line items] | |||
Contract costs | 3,785 | 4,522 | |
Sales commissions [member] | |||
Disclosure of detailed information about contract costs [line items] | |||
Contract costs | ¥ 1,847 | ¥ 2,334 |
Contract Costs - Schedule of _2
Contract Costs - Schedule of Contract Costs (Parenthetical) (Detail) ¥ in Millions | 12 Months Ended |
Dec. 31, 2018CNY (¥) | |
Sales commissions [member] | |
Disclosure of detailed information about contract costs [line items] | |
Capitalized sales commissions recognized in profit or loss | ¥ 1,642 |
Capitalized sales commissions expected to recovered after more than one year | 683 |
Direct incremental costs for activating broadband and IPTV subscribers [member] | |
Disclosure of detailed information about contract costs [line items] | |
Capitalized direct incremental costs for activating broadband and IPTV subscribers expected to recovered after more than one year | 1,417 |
Capitalized direct incremental costs for activating broadband and IPTV subscribers recognized in profit or loss | ¥ 4,044 |
Financial Assets at Fair Valu_3
Financial Assets at Fair Value through Other Comprehensive Income - Summary of Financial Assets at Fair Value through Other Comprehensive Income (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of financial assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | ¥ 3,903 | $ 568 | ¥ 4,286 |
Listed in the PRC [member] | |||
Disclosure of financial assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | 147 | 158 | |
Listed outside the PRC [member] | |||
Disclosure of financial assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | 3,698 | 4,070 | |
Unlisted [member] | |||
Disclosure of financial assets [Line Items] | |||
Financial assets at fair value through other comprehensive income | ¥ 58 | ¥ 58 |
Financial Assets at Fair Valu_4
Financial Assets at Fair Value through Other Comprehensive Income - Additional Information (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Financial assets at fair value through other comprehensive income [abstract] | ||||
Decrease in fair value of financial assets through other comprehensive income | ¥ (383) | $ (55) | ¥ (56) | ¥ (544) |
Decrease in fair value of financial assets through other comprehensive income, net of tax | ¥ (381) | $ (55) | ¥ (58) | ¥ (530) |
Other Assets - Summary of Other
Other Assets - Summary of Other Assets (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Miscellaneous non-current assets [abstract] | |||
Intangible assets | ¥ 11,156 | ¥ 10,988 | |
Prepaid rental for premises, transmission lines and electricity cables | 2,260 | 2,812 | |
Direct incremental costs for activating broadband and IPTV subscribers | 0 | 4,522 | |
Receivables for sales of mobile handsets, net of allowance | 753 | ||
VAT recoverable | 424 | 596 | |
Others | 805 | 1,050 | |
Total | ¥ 14,645 | $ 2,130 | ¥ 20,721 |
Other Assets - Summary of Oth_2
Other Assets - Summary of Other Assets (Parenthetical) (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about intangible assets [Line Items] | ||
Beginning balance | ¥ 10,988 | |
Ending balance | 11,156 | ¥ 10,988 |
Computer software [member] | ||
Disclosure of detailed information about intangible assets [Line Items] | ||
Beginning balance | 9,599 | |
Ending balance | 9,211 | 9,599 |
Others [member] | ||
Disclosure of detailed information about intangible assets [Line Items] | ||
Beginning balance | 1,389 | |
Ending balance | 1,945 | 1,389 |
Carrying amount [member] | ||
Disclosure of detailed information about intangible assets [Line Items] | ||
Beginning balance | 29,744 | 27,297 |
Additions | 751 | 44 |
Transfer from CIP | 4,098 | 3,790 |
Disposals | (2,232) | (1,387) |
Ending balance | 32,361 | 29,744 |
Carrying amount [member] | Computer software [member] | ||
Disclosure of detailed information about intangible assets [Line Items] | ||
Beginning balance | 27,158 | 25,221 |
Additions | 170 | 42 |
Transfer from CIP | 3,693 | 3,222 |
Disposals | (2,065) | (1,327) |
Ending balance | 28,956 | 27,158 |
Carrying amount [member] | Others [member] | ||
Disclosure of detailed information about intangible assets [Line Items] | ||
Beginning balance | 2,586 | 2,076 |
Additions | 581 | 2 |
Transfer from CIP | 405 | 568 |
Disposals | (167) | (60) |
Ending balance | 3,405 | 2,586 |
Accumulated depreciation, amortization and impairment [member] | ||
Disclosure of detailed information about intangible assets [Line Items] | ||
Beginning balance | (18,756) | (16,177) |
Amortization charge for the year | (4,633) | (3,947) |
Disposals | 2,184 | 1,368 |
Ending balance | (21,205) | (18,756) |
Accumulated depreciation, amortization and impairment [member] | Computer software [member] | ||
Disclosure of detailed information about intangible assets [Line Items] | ||
Beginning balance | (17,559) | (15,225) |
Amortization charge for the year | (4,220) | (3,657) |
Disposals | 2,034 | 1,323 |
Ending balance | (19,745) | (17,559) |
Accumulated depreciation, amortization and impairment [member] | Others [member] | ||
Disclosure of detailed information about intangible assets [Line Items] | ||
Beginning balance | (1,197) | (952) |
Amortization charge for the year | (413) | (290) |
Disposals | 150 | 45 |
Ending balance | ¥ (1,460) | ¥ (1,197) |
Inventories and Consumables - S
Inventories and Consumables - Summary of Inventories and Consumables (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Classes of current inventories [abstract] | |||
Handsets and other telecommunication products | ¥ 2,111 | ¥ 2,005 | |
Consumables | 27 | 24 | |
Others | 250 | 210 | |
Total | ¥ 2,388 | $ 347 | ¥ 2,239 |
Accounts Receivable - Summary o
Accounts Receivable - Summary of Accounts Receivable (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Disclosure of financial assets [Line Items] | |||||
Accounts receivable | ¥ 14,433 | $ 2,099 | ¥ 13,964 | ||
Accounts receivables [member] | |||||
Disclosure of financial assets [Line Items] | |||||
Less Credit loss allowance | (6,709) | (5,210) | ¥ (5,466) | ¥ (4,910) | |
Carrying amount [member] | |||||
Disclosure of financial assets [Line Items] | |||||
Accounts receivable | ¥ 21,142 | ¥ 19,174 |
Accounts Receivable - Additiona
Accounts Receivable - Additional Information (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of financial assets [Line Items] | |||
Accounts receivable | ¥ 21,053 | ||
Accounts receivable | ¥ 14,433 | $ 2,099 | ¥ 13,964 |
Neither past due nor impaired [member] | |||
Disclosure of financial assets [Line Items] | |||
Accounts receivable | 10,284 | ||
Past due but not impaired [member] | |||
Disclosure of financial assets [Line Items] | |||
Accounts receivable | ¥ 1,314 |
Accounts Receivable - Summary_2
Accounts Receivable - Summary of Aging Analysis of Accounts Receivable (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of financial assets [Line Items] | |||
Accounts receivable | ¥ 14,433 | $ 2,099 | ¥ 13,964 |
Within one month [member] | |||
Disclosure of financial assets [Line Items] | |||
Accounts receivable | 8,158 | 7,184 | |
More than one month to three months [member] | |||
Disclosure of financial assets [Line Items] | |||
Accounts receivable | 2,285 | 2,763 | |
More than three months to one year [member] | |||
Disclosure of financial assets [Line Items] | |||
Accounts receivable | 2,843 | 2,737 | |
More than one year [member] | |||
Disclosure of financial assets [Line Items] | |||
Accounts receivable | ¥ 1,147 | ¥ 1,280 |
Accounts Receivable - Summary_3
Accounts Receivable - Summary of Information about Groups Exposure to Credit Risk and Expected Credit Loss for Account Receivables (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | ¥ 14,433 | $ 2,099 | ¥ 13,964 | ||
Accounts receivables [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | ¥ (6,709) | (5,210) | ¥ (5,466) | ¥ (4,910) | |
Individual subscribers and general corporate customers [member] | Current (not past due) [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Expected loss rate | 7.00% | 7.00% | |||
Individual subscribers and general corporate customers [member] | 1 - 90 days past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Expected loss rate | 50.00% | 50.00% | |||
Individual subscribers and general corporate customers [member] | 91 - 180 days past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Expected loss rate | 90.00% | 90.00% | |||
Individual subscribers and general corporate customers [member] | More than 180 days past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Expected loss rate | 100.00% | 100.00% | |||
Individual subscribers and general corporate customers [member] | Accounts receivables [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | ¥ (3,878) | ||||
Individual subscribers and general corporate customers [member] | Accounts receivables [member] | Current (not past due) [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | (212) | ||||
Individual subscribers and general corporate customers [member] | Accounts receivables [member] | 1 - 90 days past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | (702) | ||||
Individual subscribers and general corporate customers [member] | Accounts receivables [member] | 91 - 180 days past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | (776) | ||||
Individual subscribers and general corporate customers [member] | Accounts receivables [member] | More than 180 days past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | ¥ (2,188) | ||||
Major corporate customers [member] | Current (not past due) [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Expected loss rate | 4.00% | 4.00% | |||
Major corporate customers [member] | Within 1 year past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Expected loss rate | 13.00% | 13.00% | |||
Major corporate customers [member] | 1 - 2 years past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Expected loss rate | 47.00% | 47.00% | |||
Major corporate customers [member] | 2 - 3 years past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Expected loss rate | 88.00% | 88.00% | |||
Major corporate customers [member] | More than 3 years past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Expected loss rate | 96.00% | 96.00% | |||
Major corporate customers [member] | Accounts receivables [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | ¥ (2,831) | ||||
Major corporate customers [member] | Accounts receivables [member] | Current (not past due) [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | (286) | ||||
Major corporate customers [member] | Accounts receivables [member] | Within 1 year past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | (404) | ||||
Major corporate customers [member] | Accounts receivables [member] | 1 - 2 years past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | (500) | ||||
Major corporate customers [member] | Accounts receivables [member] | 2 - 3 years past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | (485) | ||||
Major corporate customers [member] | Accounts receivables [member] | More than 3 years past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Loss allowance | (1,156) | ||||
Carrying amount [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 21,142 | ¥ 19,174 | |||
Carrying amount [member] | Individual subscribers and general corporate customers [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 7,647 | ||||
Carrying amount [member] | Individual subscribers and general corporate customers [member] | Current (not past due) [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 3,202 | ||||
Carrying amount [member] | Individual subscribers and general corporate customers [member] | 1 - 90 days past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 1,395 | ||||
Carrying amount [member] | Individual subscribers and general corporate customers [member] | 91 - 180 days past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 862 | ||||
Carrying amount [member] | Individual subscribers and general corporate customers [member] | More than 180 days past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 2,188 | ||||
Carrying amount [member] | Major corporate customers [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 13,495 | ||||
Carrying amount [member] | Major corporate customers [member] | Current (not past due) [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 7,539 | ||||
Carrying amount [member] | Major corporate customers [member] | Within 1 year past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 3,141 | ||||
Carrying amount [member] | Major corporate customers [member] | 1 - 2 years past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 1,063 | ||||
Carrying amount [member] | Major corporate customers [member] | 2 - 3 years past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | 549 | ||||
Carrying amount [member] | Major corporate customers [member] | More than 3 years past due [member] | |||||
Disclosure of credit risk exposure [line items] | |||||
Gross carrying amount | ¥ 1,203 |
Accounts Receivable - Summary_4
Accounts Receivable - Summary of Receivables Past Due but not Impaired (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of financial assets that are either past due or impaired [Line Items] | |||
Accounts receivable | ¥ 14,433 | $ 2,099 | ¥ 13,964 |
Past due but not impaired [member] | |||
Disclosure of financial assets that are either past due or impaired [Line Items] | |||
Accounts receivable | 1,314 | ||
Past due but not impaired [member] | More than one month to three months [member] | |||
Disclosure of financial assets that are either past due or impaired [Line Items] | |||
Accounts receivable | 926 | ||
Past due but not impaired [member] | More than three months to one year [member] | |||
Disclosure of financial assets that are either past due or impaired [Line Items] | |||
Accounts receivable | 105 | ||
Past due but not impaired [member] | More than one year [member] | |||
Disclosure of financial assets that are either past due or impaired [Line Items] | |||
Accounts receivable | ¥ 283 |
Accounts Receivable - Summary_5
Accounts Receivable - Summary of Movement in Allowance for Doubtful Debts (Detail) - Accounts receivables [member] - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of financial assets [Line Items] | |||
Balance, beginning of year | ¥ 5,210 | ¥ 5,466 | ¥ 4,910 |
Impact on initial application of IFRS 9 (2014) (Note2.2(c) (ii)) | 1,118 | ||
Allowance for the year | 3,300 | 3,325 | 3,999 |
Written-off during the year | (2,919) | (3,581) | (3,443) |
Balance, end of year | ¥ 6,709 | ¥ 5,210 | ¥ 5,466 |
Prepayments and Other Current_3
Prepayments and Other Current Assets - Summary of Prepayments and Other Current Assets (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Current prepayments and other current assets [abstract] | |||
Receivables for the sales of mobile handsets, net of allowance | ¥ 2,221 | ||
Prepaid rental | ¥ 2,207 | 2,305 | |
Deposits and prepayments | 1,847 | 1,579 | |
Advances to employees | 22 | 20 | |
VAT recoverable | 4,568 | 4,948 | |
Prepaid enterprise income tax | 312 | 438 | |
Others | 2,150 | 2,290 | |
Total | ¥ 11,106 | $ 1,615 | ¥ 13,801 |
Short-term Bank Deposits and _3
Short-term Bank Deposits and Restricted Deposits - Summary of Short-term Bank Deposits and Restricted Deposits (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Miscellaneous current assets [abstract] | |||
Bank deposits with maturity exceeding three months | ¥ 34 | ¥ 3,124 | |
Statutory reserve deposits | 2,877 | 2,197 | |
Restricted deposits | 809 | 205 | |
Short-term bank deposits and restricted deposits | ¥ 3,720 | $ 541 | ¥ 5,526 |
Cash and Cash Equivalents and_3
Cash and Cash Equivalents and Other Cash Flow Information - Summary of Cash and Cash Equivalents (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Cash and cash equivalents [abstract] | ||
Cash at bank and in hand | ¥ 30,060 | ¥ 32,836 |
Cash and Cash Equivalents and_4
Cash and Cash Equivalents and Other Cash Flow Information - Summary of Reconciliation of Liabilities Arising from Financing Activities (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning balance | ¥ 76,123 | ¥ 177,651 | ||
Changes from financing cash flows: | ||||
Proceeds from commercial papers | 26,941 | ¥ 59,880 | ||
Proceeds from short-term bank loans | 53,306 | $ 7,753 | 117,571 | 142,567 |
Proceeds from long-term bank loans | 1,549 | 3,307 | ||
Loans from ultimate holding company | 5,237 | |||
Loans from related parties | 3,090 | 449 | 535 | |
Repayment of commercial papers | (9,000) | (1,309) | (54,000) | (44,000) |
Repayment of short-term bank loans | (60,730) | (8,833) | (172,065) | (149,425) |
Repayment of long-term bank loans | (435) | (63) | (2,686) | (84) |
Repayment of ultimate holding company loan | (1,344) | (195) | (3,893) | (1,344) |
Repayment of related parties loan | (475) | (69) | (60) | |
Repayment of finance lease | (493) | (72) | (695) | (406) |
Repayment of promissory notes | (18,000) | (2,618) | (19,000) | (2,500) |
Repayment of corporate bonds | (2,000) | |||
Payment of issuing expense for promissory notes | (67) | (10) | (82) | (102) |
Net deposits/(withdrawal) with/from Finance Company | 2,354 | $ 342 | (100) | 2,397 |
Total changes from financing cash flows | (31,794) | (102,748) | ||
Exchange adjustments | 86 | (13) | ||
Other changes | ||||
New financing leases | 10 | 573 | ||
Finance charges on obligations under finance leases | 20 | |||
Interest expenses | 248 | 640 | ||
Total other changes | 258 | 1,233 | ||
Ending balance | 44,673 | 76,123 | 177,651 | |
China United Network Communications Group Company Limited and its subsidiaries [member] | ||||
Changes from financing cash flows: | ||||
Net deposits/(withdrawal) with/from Finance Company | 2,354 | (112) | ||
Smart Steps Digital Technology Co., Ltd [member] | ||||
Changes from financing cash flows: | ||||
Net deposits/(withdrawal) with/from Finance Company | 12 | |||
Short-term bank loans [member] | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning balance | 22,500 | 76,994 | ||
Changes from financing cash flows: | ||||
Proceeds from short-term bank loans | 53,306 | 117,571 | ||
Repayment of short-term bank loans | (60,730) | (172,065) | ||
Total changes from financing cash flows | (7,424) | (54,494) | ||
Exchange adjustments | 9 | |||
Other changes | ||||
Ending balance | 15,085 | 22,500 | 76,994 | |
Long-term bank loans [Member] | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning balance | 3,883 | 4,656 | ||
Changes from financing cash flows: | ||||
Proceeds from long-term bank loans | 1,549 | |||
Repayment of long-term bank loans | (435) | (2,686) | ||
Total changes from financing cash flows | (435) | (1,137) | ||
Exchange adjustments | 77 | (13) | ||
Other changes | ||||
Interest expenses | 89 | 377 | ||
Total other changes | 89 | 377 | ||
Ending balance | 3,614 | 3,883 | 4,656 | |
Commercial papers [Member] | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning balance | 8,991 | 35,958 | ||
Changes from financing cash flows: | ||||
Proceeds from commercial papers | 26,941 | |||
Repayment of commercial papers | (9,000) | (54,000) | ||
Total changes from financing cash flows | (9,000) | (27,059) | ||
Other changes | ||||
Interest expenses | 9 | 92 | ||
Total other changes | 9 | 92 | ||
Ending balance | 8,991 | 35,958 | ||
Promissory notes [member] | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning balance | 17,960 | 36,882 | ||
Changes from financing cash flows: | ||||
Repayment of promissory notes | (18,000) | (19,000) | ||
Payment of issuing expense for promissory notes | (67) | (82) | ||
Total changes from financing cash flows | (18,067) | (19,082) | ||
Other changes | ||||
Interest expenses | 107 | 160 | ||
Total other changes | 107 | 160 | ||
Ending balance | 17,960 | 36,882 | ||
Corporate bonds [Member] | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning balance | 17,981 | 19,970 | ||
Changes from financing cash flows: | ||||
Repayment of corporate bonds | (2,000) | |||
Total changes from financing cash flows | (2,000) | |||
Other changes | ||||
Interest expenses | 12 | 11 | ||
Total other changes | 12 | 11 | ||
Ending balance | 17,993 | 17,981 | 19,970 | |
Finance lease [Member] | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning balance | 692 | 794 | ||
Changes from financing cash flows: | ||||
Repayment of finance lease | (493) | (695) | ||
Total changes from financing cash flows | (493) | (695) | ||
Other changes | ||||
New financing leases | 10 | 573 | ||
Finance charges on obligations under finance leases | 20 | |||
Interest expenses | 31 | |||
Total other changes | 41 | 593 | ||
Ending balance | 240 | 692 | 794 | |
Other borrowings [Member] | ||||
Disclosure of reconciliation of liabilities arising from financing activities [Line Items] | ||||
Beginning balance | 4,116 | 2,397 | ||
Changes from financing cash flows: | ||||
Loans from ultimate holding company | 5,237 | |||
Loans from related parties | 3,090 | 535 | ||
Repayment of ultimate holding company loan | (1,344) | (3,893) | ||
Repayment of related parties loan | (475) | (60) | ||
Total changes from financing cash flows | 3,625 | 1,719 | ||
Other changes | ||||
Ending balance | 7,741 | 4,116 | ¥ 2,397 | |
Other borrowings [Member] | China United Network Communications Group Company Limited and its subsidiaries [member] | ||||
Changes from financing cash flows: | ||||
Net deposits/(withdrawal) with/from Finance Company | ¥ 2,354 | (112) | ||
Other borrowings [Member] | Smart Steps Digital Technology Co., Ltd [member] | ||||
Changes from financing cash flows: | ||||
Net deposits/(withdrawal) with/from Finance Company | ¥ 12 |
Share Capital - Summary of Shar
Share Capital - Summary of Share Capital (Detail) - CNY (¥) ¥ in Millions, shares in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of classes of share capital [abstract] | |||
Number of shares, Beginning balance | 30,598 | 23,947 | 23,947 |
Shares issued | 0 | 6,651 | 0 |
Number of shares, Ending balance | 30,598 | 30,598 | 23,947 |
Share capital, Beginning balance | ¥ 254,056 | ¥ 179,102 | ¥ 179,102 |
Shares issued | 74,954 | 0 | |
Share capital, Ending balance | ¥ 254,056 | ¥ 254,056 | ¥ 179,102 |
Share Capital - Additional Info
Share Capital - Additional Information (Detail) - China Unicom (BVI) Limited [member] ¥ in Millions | Nov. 28, 2017CNY (¥)shares |
Disclosure of classes of share capital [line items] | |
Shares issued | shares | 6,651,043,262 |
Cash consideration | ¥ | ¥ 74,954 |
Reserves - Additional Informati
Reserves - Additional Information (Detail) - CNY (¥) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of reserves within equity [Line Items] | |||
Appropriation to staff bonus and welfare fund | ¥ 0 | ¥ 0 | ¥ 0 |
Accumulated appropriation made to the statutory reserve | ¥ 12,289,000,000 | ||
Minimum percentage of general risk reserve | 1.50% | ||
Statutory reserve [member] | |||
Disclosure of reserves within equity [Line Items] | |||
Amount appropriated to general reserve fund | ¥ 52,000,000 | ¥ 50,000,000 | ¥ 47,000,000 |
Bottom of range [member] | |||
Disclosure of reserves within equity [Line Items] | |||
Minimum required percentage of income after tax and non-controlling interests to allocate to the general reserve fund | 10.00% | ||
Top of range [member] | |||
Disclosure of reserves within equity [Line Items] | |||
Percentage of registered capital threshold when no longer required to allocate to the general reserve fund | 50.00% |
Dividends - Additional Informat
Dividends - Additional Information (Detail) - CNY (¥) ¥ / shares in Units, ¥ in Millions | Mar. 13, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of dividends [Line Items] | |||
Enterprise income tax rate on dividends declared | 10.00% | ||
Dividend for fiscal year twenty seventeen [member] | |||
Disclosure of dividends [Line Items] | |||
Approval of a final dividend, per ordinary share | ¥ 0.052 | ||
Approval of a final dividend, total | ¥ 1,591 | ||
Dividend for fiscal year twenty eighteen [member] | |||
Disclosure of dividends [Line Items] | |||
Approval of a final dividend, per ordinary share | ¥ 0.134 | ¥ 0.052 | |
Approval of a final dividend, total | ¥ 4,100 | ¥ 1,591 | |
Dividend for fiscal year twenty eighteen [member] | Dividends Proposed [member] | |||
Disclosure of dividends [Line Items] | |||
Approval of a final dividend, per ordinary share | ¥ 0.134 | ||
Approval of a final dividend, total | ¥ 4,100 |
Dividends - Summary of Proposed
Dividends - Summary of Proposed Final Dividend (Detail) - CNY (¥) ¥ in Millions | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Dividend for fiscal year twenty eighteen [member] | ||
Disclosure of proposed dividend [line items] | ||
Proposed final dividend | ¥ 4,100 | ¥ 1,591 |
Dividends - Summary of Propos_2
Dividends - Summary of Proposed Final Dividend (Parenthetical) (Detail) - ¥ / shares | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Dividend for fiscal year twenty eighteen [member] | ||
Disclosure of proposed dividend [line items] | ||
Approval of a final dividend, per ordinary share | ¥ 0.134 | ¥ 0.052 |
Long-Term Bank Loans - Summary
Long-Term Bank Loans - Summary of Long-Term Bank Loans (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of detailed information about borrowings [Line Items] | |||
Long-term bank loans | ¥ 3,614 | ¥ 3,883 | |
Less: Current portion | (441) | $ (64) | (410) |
Long-term bank loans, noncurrent | 3,173 | $ 462 | 3,473 |
RMB [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Long-term bank loans | 3,300 | 3,533 | |
US dollars [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Long-term bank loans | 252 | 278 | |
Euro [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Long-term bank loans | ¥ 62 | ¥ 72 |
Long-Term Bank Loans - Summar_2
Long-Term Bank Loans - Summary of Long-Term Bank Loans (Parenthetical) (Detail) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
RMB [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, maturity period | 2036 | 2036 |
RMB [member] | Bottom of range [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, bearing interest rate | 1.08% | 1.08% |
RMB [member] | Top of range [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, bearing interest rate | 1.20% | 1.20% |
US dollars [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, maturity period | 2039 | 2039 |
US dollars [member] | Bottom of range [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, bearing interest rate | 0.00% | 0.00% |
US dollars [member] | Top of range [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, bearing interest rate | 1.55% | 1.55% |
Euro [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, maturity period | 2034 | 2034 |
Euro [member] | Bottom of range [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, bearing interest rate | 1.10% | 1.10% |
Euro [member] | Top of range [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, bearing interest rate | 2.50% | 2.50% |
Long-Term Bank Loans - Addition
Long-Term Bank Loans - Additional Information (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [Line Items] | ||
Long-term bank loans | ¥ 3,614 | ¥ 3,883 |
Guaranteed by third parties [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Long-term bank loans | ¥ 96 | ¥ 105 |
Long-Term Bank Loans - Summar_3
Long-Term Bank Loans - Summary of Repayment Schedule Of Long-Term Bank Loans (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of detailed information about borrowings [Line Items] | |||
Long-term bank loans | ¥ 3,614 | ¥ 3,883 | |
Less: Portion classified as current liabilities | (441) | $ (64) | (410) |
Long-term bank loans | 3,173 | $ 462 | 3,473 |
Less than 1 year [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Long-term bank loans | 441 | 410 | |
Between 1 and 2 years [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Long-term bank loans | 417 | 423 | |
Between 2 and 5 years [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Long-term bank loans | 1,173 | 1,175 | |
Over 5 years [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Long-term bank loans | ¥ 1,583 | ¥ 1,875 |
Promissory Notes - Additional I
Promissory Notes - Additional Information (Detail) - China United Network Communications Corporation Limited ("CUCL") [member] - Promissory notes [member] - CNY (¥) ¥ in Billions | Nov. 30, 2015 | Jun. 18, 2015 | Jun. 15, 2015 |
Tranche one [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Nominal amount of notes | ¥ 4 | ||
Notes maturity period | 3 years | ||
Notes interest rate | 3.85% | ||
Tranche two [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Nominal amount of notes | ¥ 4 | ||
Notes maturity period | 3 years | ||
Notes interest rate | 3.85% | ||
Tranche three [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Nominal amount of notes | ¥ 3.5 | ||
Notes maturity period | 3 years | ||
Notes interest rate | 3.30% | ||
Tranche four [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Nominal amount of notes | ¥ 3.5 | ||
Notes maturity period | 3 years | ||
Notes interest rate | 3.30% | ||
Tranche five [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Nominal amount of notes | ¥ 3 | ||
Notes maturity period | 3 years | ||
Notes interest rate | 3.30% |
Corporate Bonds - Additional In
Corporate Bonds - Additional Information (Detail) - CNY (¥) ¥ in Billions | Jul. 14, 2016 | Jun. 07, 2016 |
3-year corporate bonds [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds issued | ¥ 10 | ¥ 7 |
Bonds, maturity period | 3 year | 3 year |
Bonds, bearing interest rate | 2.95% | 3.07% |
5-year corporate bond [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds issued | ¥ 1 | |
Bonds, maturity period | 5 year | |
Bonds, bearing interest rate | 3.43% |
Deferred Revenue - Summary of D
Deferred Revenue - Summary of Deferred Revenue (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2018CNY (¥) | Dec. 31, 2017CNY (¥) | Dec. 31, 2018USD ($) | |
Disclosure of deferred revenue [line items] | |||
Balance at beginning of the year | ¥ 2,277 | ¥ 3,367 | |
Additions of deferred revenue during period | 1,803 | 1,362 | |
Balance at end of the year | 3,687 | 2,277 | |
- current portion | 78 | 350 | $ 11 |
- non-current portion | 3,609 | 3,020 | $ 525 |
Previously stated [member] | |||
Disclosure of deferred revenue [line items] | |||
Balance at beginning of the year | 3,370 | 3,367 | |
Balance at end of the year | 3,370 | ||
Impact on Initial Application of IFRS15 [member] | |||
Disclosure of deferred revenue [line items] | |||
Balance at beginning of the year | (1,093) | ||
Balance at end of the year | (1,093) | ||
Subscriber points [member] | |||
Disclosure of deferred revenue [line items] | |||
Additions of deferred revenue during period | 813 | ||
Government grants related to assets [member] | |||
Disclosure of deferred revenue [line items] | |||
Additions of deferred revenue during period | 972 | 513 | |
Other deferred revenue additions [member] | |||
Disclosure of deferred revenue [line items] | |||
Additions of deferred revenue during period | 831 | 36 | |
Usage of subscriber points [member] | |||
Disclosure of deferred revenue [line items] | |||
Reductions of deferred revenue during period | (703) | ||
Recognition of government grants in profit or loss and other reductions [member] | |||
Disclosure of deferred revenue [line items] | |||
Reductions of deferred revenue during period | (323) | (507) | |
Other deferred revenue reductions [member] | |||
Disclosure of deferred revenue [line items] | |||
Reductions of deferred revenue during period | ¥ (70) | ¥ (149) |
Other Obligations - Summary of
Other Obligations - Summary of Other Obligations (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2000CNY (¥) |
Classes of other provisions [abstract] | ||||
One-off cash housing subsidies | ¥ 2,496 | ¥ 2,496 | ¥ 4,142 | |
Obligations under finance lease | 240 | 692 | ||
Others | 298 | 231 | ||
Sub-total | 3,034 | 3,419 | ||
Less: Current portion | (2,844) | $ (414) | (2,987) | |
Other obligations, noncurrent | ¥ 190 | $ 28 | ¥ 432 |
Other Obligations - Summary o_2
Other Obligations - Summary of Other Obligations (Parenthetical) (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2000 |
Disclosure of finance lease and operating lease by lessee [Line Items] | |||
Cash housing subsidies | ¥ 2,496 | ¥ 2,496 | ¥ 4,142 |
Minimum lease payments under finance lease | 249 | 720 | |
Less: Future finance charges | (9) | (28) | |
Present value of minimum obligations | 240 | 692 | |
Representing obligations under finance lease,current liabilities | 234 | 461 | |
Representing obligations under finance lease, non-current liabilities | 6 | 231 | |
Less than 1 year [member] | |||
Disclosure of finance lease and operating lease by lessee [Line Items] | |||
Minimum lease payments under finance lease | 243 | 484 | |
Between 1 and 2 years [member] | |||
Disclosure of finance lease and operating lease by lessee [Line Items] | |||
Minimum lease payments under finance lease | 2 | ¥ 236 | |
Later than two years and not later than three years [member] | |||
Disclosure of finance lease and operating lease by lessee [Line Items] | |||
Minimum lease payments under finance lease | ¥ 4 |
Short-Term Bank Loans - Summary
Short-Term Bank Loans - Summary of Short-Term Bank Loans (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of detailed information about borrowings [Line Items] | |||
Short term borrowings | ¥ 15,085 | $ 2,194 | ¥ 22,500 |
Short-term bank loans [member] | |||
Disclosure of detailed information about borrowings [Line Items] | |||
Short term borrowings | ¥ 15,085 | ¥ 22,500 |
Short-Term Bank Loans - Summa_2
Short-Term Bank Loans - Summary of Short-Term Bank Loans (Parenthetical) (Detail) - Short-term bank loans [member] | Dec. 31, 2018 | Dec. 31, 2017 |
Bottom of range [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, bearing interest rate | 2.35% | 2.35% |
Top of range [member] | ||
Disclosure of detailed information about borrowings [Line Items] | ||
Bonds, bearing interest rate | 4.77% | 5.80% |
Commercial Papers - Additional
Commercial Papers - Additional Information (Detail) - CNY (¥) ¥ in Millions | Aug. 10, 2017 | Aug. 07, 2017 | Jul. 06, 2017 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [Line Items] | ||||
Commercial papers | ¥ 8,991 | |||
China United Network Communications Corporation Limited ("CUCL") [member] | 2017 super short term commercial papers [member] | Tranche four [member] | ||||
Disclosure of detailed information about borrowings [Line Items] | ||||
Commercial papers | ¥ 1,000 | |||
Bonds, maturity period | 270 days | |||
Commercial papers interest | 4.38% | |||
China United Network Communications Corporation Limited ("CUCL") [member] | 2017 super short term commercial papers [member] | Tranche six [member] | ||||
Disclosure of detailed information about borrowings [Line Items] | ||||
Commercial papers | ¥ 4,000 | |||
Bonds, maturity period | 270 days | |||
Commercial papers interest | 4.26% | |||
China United Network Communications Corporation Limited ("CUCL") [member] | 2017 super short term commercial papers [member] | Tranche seven [member] | ||||
Disclosure of detailed information about borrowings [Line Items] | ||||
Commercial papers | ¥ 4,000 | |||
Bonds, maturity period | 270 days | |||
Commercial papers interest | 4.23% |
Accounts Payable and Accrued _3
Accounts Payable and Accrued Liabilities - Summary of Accounts Payable and Accrued Liabilities (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Trade and other payables [abstract] | |||
Payables to contractors and equipment suppliers | ¥ 70,526 | ¥ 82,444 | |
Payables to telecommunications products suppliers | 4,349 | 4,548 | |
Customer/contractor deposits | 6,381 | 5,262 | |
Repair and maintenance expense payables | 6,252 | 5,348 | |
Bills payable | 49 | ||
Salary and welfare payables | 5,900 | 3,711 | |
Interest payable | 299 | 709 | |
Amounts due to services providers/content providers | 1,920 | 2,253 | |
VAT received from customer in advance | 3,398 | ||
Accrued expenses | 15,935 | 14,845 | |
Others | 7,498 | 6,091 | |
Accounts payables and accrued liabilities | ¥ 122,458 | $ 17,811 | ¥ 125,260 |
Accounts Payable and Accrued _4
Accounts Payable and Accrued Liabilities - Summary of Aging Analysis of Accounts Payables and Accrued Liabilities (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure of financial liabilities [Line Items] | |||
Accounts payables and accrued liabilities | ¥ 122,458 | $ 17,811 | ¥ 125,260 |
Less than six months [member] | |||
Disclosure of financial liabilities [Line Items] | |||
Accounts payables and accrued liabilities | 105,606 | 104,691 | |
Six months to one year [member] | |||
Disclosure of financial liabilities [Line Items] | |||
Accounts payables and accrued liabilities | 6,984 | 9,009 | |
More than one year [member] | |||
Disclosure of financial liabilities [Line Items] | |||
Accounts payables and accrued liabilities | ¥ 9,868 | ¥ 11,560 |
Mutual Investment of the Comp_2
Mutual Investment of the Company and Telefonica in Each Other - Additional Information (Detail) ¥ in Millions, $ in Millions | May 14, 2012CNY (¥)shares | Jan. 23, 2011USD ($) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | Dec. 31, 2018USD ($) | Jan. 23, 2011EUR (€)shares | Sep. 06, 2009USD ($) |
Disclosure of joint operations [Line Items] | |||||||||
Mutual investment amount through acquisition of each other's shares | $ | $ 1,000 | ||||||||
Purchase of ordinary shares in consideration from third parties | $ | $ 500 | ||||||||
Financial assets at fair value through other comprehensive income | ¥ 3,903 | ¥ 4,286 | $ 568 | ||||||
Increase (decrease) in fair value of financial assets through other comprehensive income, net of tax | (381) | $ (55) | (58) | ¥ (530) | |||||
Telefonica [member] | |||||||||
Disclosure of joint operations [Line Items] | |||||||||
Telefonica ordinary shares held in treasury to be acquired | shares | 21,827,499 | ||||||||
Telefonica ordinary shares held in treasury to be acquired, value | € | € 374,559,882.84 | ||||||||
Ordinary shares received through scrip dividend | shares | 1,646,269 | ||||||||
Ordinary share value received through scrip dividend | ¥ 146 | ||||||||
Financial assets at fair value through other comprehensive income | 3,698 | 4,070 | |||||||
Increase (decrease) in fair value of financial assets through other comprehensive income, net of tax | ¥ 372 | ¥ (68) | ¥ (531) |
Equity-Settled Share Option S_2
Equity-Settled Share Option Schemes - Additional Information (Detail) | 12 Months Ended | |
Dec. 31, 2018$ / shares | Dec. 31, 2017 | |
Disclosure of terms and conditions of share-based payment arrangement [abstract] | ||
Number of options, available for issue | 1,777,437,107 | |
Payable for the grant of share options | $ 1 | |
Options outstanding | 0 | 0 |
Restricted A-Share Incentive _2
Restricted A-Share Incentive Scheme - Additional Information (Detail) - CNY (¥) | Mar. 21, 2018 | Dec. 31, 2018 | Feb. 01, 2019 |
Potential ordinary share transactions [member] | |||
Disclosure of classes of share capital [line items] | |||
Number of shares subscribed | 13,156,000 | ||
Subscription price per share | ¥ 3.79 | ||
China United Network Communication Limited (A Share Company) [member] | Share Incentive Plan [member] | |||
Disclosure of classes of share capital [line items] | |||
Number of shares granted to employees | 848,000,000 | ||
Number of shares subscribed | 793,861,000 | ||
Subscription price per share | ¥ 3.79 | ||
Fair value of restricted shares granted | ¥ 2.34 | ||
Market price per share | ¥ 6.13 | ||
Restricted shares forfeited or repurchased | 0 | ||
Share-based payment expenses | ¥ 614,000,000 | ||
China United Network Communication Limited (A Share Company) [member] | Share-based payment arrangement tranche one [member] | Share Incentive Plan [member] | |||
Disclosure of classes of share capital [line items] | |||
Restricted share lock up period | 2 years | ||
Proportion of total number of the Restricted Shares granted | 40.00% | ||
China United Network Communication Limited (A Share Company) [member] | Share-based payment arrangement tranche two [member] | Share Incentive Plan [member] | |||
Disclosure of classes of share capital [line items] | |||
Restricted share lock up period | 3 years | ||
Proportion of total number of the Restricted Shares granted | 30.00% | ||
China United Network Communication Limited (A Share Company) [member] | Share-based payment arrangement tranche three [member] | Share Incentive Plan [member] | |||
Disclosure of classes of share capital [line items] | |||
Restricted share lock up period | 4 years | ||
Proportion of total number of the Restricted Shares granted | 30.00% |
Related Party Transactions - Su
Related Party Transactions - Summary of Connected Transactions with Unicom Group and its Subsidiaries (Detail) - Connected transactions with Unicom Group and its subsidiaries [member] - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of transactions between related parties [Line Items] | |||
Charges for value-added telecommunications services | ¥ 43 | ¥ 30 | ¥ 42 |
Rental charges for property leasing | 1,033 | 1,017 | 1,050 |
Charges for lease of telecommunications resources | 277 | 270 | 281 |
Charges for engineering design and construction services | 2,055 | 2,411 | 4,487 |
Charges for shared services | 77 | 83 | 104 |
Charges for materials procurement services | 34 | 60 | 88 |
Charges for ancillary telecommunications services | 2,905 | 2,699 | 2,541 |
Charges for comprehensive support services | 1,231 | 1,274 | 1,690 |
Income from comprehensive support services | 83 | 67 | ¥ 51 |
Lending by Finance Company to Unicom Group | 13,558 | 700 | |
Repayment of loan lending by Finance Company | 6,354 | 500 | |
Interest income from lending services | ¥ 150 | ¥ 8 |
Related Party Transactions - _2
Related Party Transactions - Summary of Connected Transactions with Unicom Group and its Subsidiaries (Parenthetical) (Detail) - CNY (¥) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Connected transactions with Unicom Group and its subsidiaries [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Rental charge paid | ¥ 5,750,000 | ||
Unsecured entrusted loan | 13,558,000,000 | ¥ 700,000,000 | |
China United Network Communications Group Company Limited [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Unsecured entrusted loan | ¥ 7,404,000,000 | ¥ 200,000,000 | ¥ 0 |
Unsecured entrusted loan interest rate | 90.00% | ||
China United Network Communications Group Company Limited [member] | Bottom of range [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Unsecured entrusted loan interest rate | 90.00% | ||
China United Network Communications Group Company Limited [member] | Top of range [member] | |||
Disclosure of transactions between related parties [Line Items] | |||
Unsecured entrusted loan interest rate | 110.00% |
Related Party Transactions - _3
Related Party Transactions - Summary of Transactions with Tower Company (Detail) - China Tower Corporation Limited ("Tower Company") [member] - CNY (¥) ¥ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of transactions between related parties [Line Items] | |||
Interest income from Cash Consideration | ¥ 49 | ¥ 755 | ¥ 809 |
Operating lease and other service charges | 15,982 | 16,524 | 14,887 |
Income from engineering design and construction services | ¥ 235 | ¥ 267 | ¥ 151 |
Related Party Transactions - _4
Related Party Transactions - Summary of Transactions with Tower Company (Parenthetical) (Detail) - China Tower Corporation Limited ("Tower Company") [member] - CNY (¥) ¥ / shares in Units, ¥ in Millions | Oct. 31, 2015 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Feb. 29, 2016 |
Disclosure of transactions between related parties [Line Items] | |||||
Consideration paid | ¥ 54,658 | ||||
Consideration shares | 33,335,836,822 | ||||
Share price per share | ¥ 1 | ||||
Cash consideration | ¥ 21,322 | ||||
Cash Consideration and related VAT interest rate | 3.92% | ||||
Interest income from Cash Consideration and related VAT | ¥ 49 | ¥ 755 | ¥ 809 | ||
Operating lease and other service charges | 15,982 | 16,524 | ¥ 14,887 | ||
VAT recoverable related Cash Consideration | 382 | 2,704 | |||
Operating lease and other service charges payable, and payable balance in relation to power charges paid by related party | ¥ 2,635 | 2,480 | |||
Tranche one [member] | |||||
Disclosure of transactions between related parties [Line Items] | |||||
Cash consideration | ¥ 18,322 | ¥ 3,000 |
Related Party Transactions - _5
Related Party Transactions - Summary of Transactions with Unicom Group and its Subsidiaries (Detail) - CNY (¥) ¥ in Millions | Dec. 26, 2018 | Dec. 21, 2017 | Aug. 24, 2017 | Feb. 27, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
China United Network Communications Group Company Limited and its subsidiaries [member] | |||||||
Disclosure of transactions between related parties [Line Items] | |||||||
Unsecured entrusted loan from Unicom Group and its subsidiaries | ¥ 3,893 | ¥ 1,344 | ¥ 3,042 | ¥ 5,237 | |||
Repayment of unsecured entrusted loan to Unicom Group | 1,344 | 3,893 | ¥ 1,344 | ||||
Loan from a related party | ¥ 435 | 48 | 435 | ||||
Repayment of loan from a related party | 435 | ||||||
Interest expenses on unsecured entrusted loan | 10 | 70 | 33 | ||||
Interests expenses on loan from a related party | 12 | ||||||
Net deposits/(withdrawal) by Unicom Group and its subsidiaries with/from Finance Company | 2,336 | (112) | 2,397 | ||||
Interest expenses on the deposits in Finance Company | ¥ 93 | ¥ 34 | ¥ 11 | ||||
Bonds, maturity period | 1 year | 6 months | 1 year | ||||
A Share Company [member] | |||||||
Disclosure of transactions between related parties [Line Items] | |||||||
Unsecured entrusted loan from Unicom Group and its subsidiaries | ¥ 3,042 | ||||||
Bonds, maturity period | 5 years |
Related Party Transactions - _6
Related Party Transactions - Summary of Transactions with Unicom Group and its Subsidiaries (Parenthetical) (Detail) ¥ in Millions, $ in Millions | Dec. 28, 2018CNY (¥) | Dec. 28, 2018HKD ($) | Dec. 26, 2018CNY (¥) | Dec. 21, 2017CNY (¥) | Aug. 24, 2017CNY (¥) | Feb. 27, 2017CNY (¥) | Dec. 31, 2018CNY (¥) | Dec. 31, 2018HKD ($) | Dec. 31, 2017CNY (¥) |
China United Network Communications Group Company Limited and its subsidiaries [member] | |||||||||
Disclosure of transactions between related parties [Line Items] | |||||||||
Unsecured entrusted loan from Unicom Group | ¥ 3,893 | ¥ 1,344 | ¥ 3,042 | ¥ 5,237 | |||||
Borrowings interest rate | 3.92% | 3.92% | |||||||
Bonds, maturity period | 1 year | 6 months | 1 year | ||||||
Loan from related parties | ¥ 435 | 48 | 435 | ||||||
Borrowings interest rate basis | 1 year HIBOR plus 1.2% | ||||||||
Amounts due to related party transactions | ¥ 4,621 | ¥ 2,285 | |||||||
China United Network Communications Group Company Limited and its subsidiaries [member] | Bottom of range [member] | |||||||||
Disclosure of transactions between related parties [Line Items] | |||||||||
Deposits interest rate | 0.42% | 0.35% | |||||||
China United Network Communications Group Company Limited and its subsidiaries [member] | Top of range [member] | |||||||||
Disclosure of transactions between related parties [Line Items] | |||||||||
Deposits interest rate | 2.75% | 2.75% | |||||||
China Unicom (BVI) Limited [member] | |||||||||
Disclosure of transactions between related parties [Line Items] | |||||||||
Borrowings interest rate | 4.77% | ||||||||
Bonds, maturity period | 1 year | 1 year | 1 year | 1 year | 1 year | ||||
Loan from related parties | ¥ 48 | ¥ 48 | ¥ 435 | ||||||
Borrowings interest rate basis | 1 year HIBOR plus 1.11% | 1 year HIBOR plus 1.11% | 1 year HIBOR plus 1.2% | ||||||
China Unicom (BVI) Limited [member] | Borrowing interest rate 4.77% [member] | |||||||||
Disclosure of transactions between related parties [Line Items] | |||||||||
Borrowings interest rate | 4.77% | 4.77% | |||||||
Bonds, maturity period | 1 year | 1 year | |||||||
Loan from related parties | ¥ 46 | ¥ 46 | |||||||
China Unicom (BVI) Limited [member] | Floating interest rate at one year HIBOR plus 1.11% [member] | |||||||||
Disclosure of transactions between related parties [Line Items] | |||||||||
Bonds, maturity period | 1 year | 1 year | |||||||
Loan from related parties | $ | $ 2 | $ 2 | |||||||
Borrowings interest rate basis | 1 year HIBOR plus 1.11% | 1 year HIBOR plus 1.11% | |||||||
China Unicom (BVI) Limited [member] | Borrowing interest rate 4.28 % [member] | |||||||||
Disclosure of transactions between related parties [Line Items] | |||||||||
Borrowings interest rate | 4.28% | ||||||||
Bonds, maturity period | 5 years | 5 years | |||||||
Loan from related parties | ¥ 3,042 | ||||||||
A Share Company [member] | |||||||||
Disclosure of transactions between related parties [Line Items] | |||||||||
Unsecured entrusted loan from Unicom Group | ¥ 3,042 | ||||||||
Borrowings interest rate | 4.28% | ||||||||
Bonds, maturity period | 5 years |
Related Party Transactions - Re
Related Party Transactions - Related Party Transactions with Joint Ventures (Detail) - Smart Steps Digital Technology Co., Ltd [member] - CNY (¥) | Oct. 24, 2017 | Apr. 24, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of transactions between related parties [Line Items] | |||||
Unsecured entrusted loans from joint venture | ¥ 50,000,000 | ¥ 50,000,000 | ¥ 100,000,000 | ||
Repayment of unsecured entrusted loans to joint venture | ¥ 40,000,000 | 60,000,000 | |||
Interest expenses on unsecured entrusted loans | 1,000,000 | 1,000,000 | |||
Net deposits from a joint venture with Finance Company | 18,000,000 | 12,000,000 | |||
Borrowings interest rate | 3.92% | 3.92% | |||
Bonds, maturity period | 1 year | 6 months | |||
Repayment of unsecured entrusted loans to joint venture | 40,000,000 | 10,000,000 | |||
Unsecured entrusted loan from joint venture | ¥ 30,000,000 | ¥ 12,000,000 | ¥ 0 | ||
Bottom of range [member] | |||||
Disclosure of transactions between related parties [Line Items] | |||||
Deposits interest rate | 0.42% | 0.42% | |||
Top of range [member] | |||||
Disclosure of transactions between related parties [Line Items] | |||||
Deposits interest rate | 1.48% | 1.48% |
Related Party Transactions - _7
Related Party Transactions - Related Party Transactions with Joint Ventures (Parenthetical) (Detail) - Smart Steps Digital Technology Co., Ltd [member] - CNY (¥) ¥ in Millions | Oct. 24, 2017 | Apr. 24, 2017 | Dec. 31, 2017 |
Disclosure of transactions between related parties [Line Items] | |||
Unsecured entrusted loans from joint venture | ¥ 50 | ¥ 50 | ¥ 100 |
Borrowings interest rate | 3.92% | 3.92% | |
Bonds, maturity period | 1 year | 6 months |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of transactions between related parties [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | ¥ 54,751 | ¥ 49,688 |
Related parties [member] | ||
Disclosure of transactions between related parties [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | ¥ 35,857 | ¥ 46,821 |
Contingencies and Commitments -
Contingencies and Commitments - Summary of Capital Commitments (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about property, plant and equipment [Line Items] | ||
Authorized and contracted for | ¥ 18,381 | ¥ 13,084 |
Authorized but not contracted for | 39,496 | 37,793 |
Capital commitments | 57,877 | ¥ 50,877 |
Land and buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [Line Items] | ||
Authorized and contracted for | 3,882 | |
Authorized but not contracted for | 7,495 | |
Capital commitments | 11,377 | |
Equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [Line Items] | ||
Authorized and contracted for | 14,499 | |
Authorized but not contracted for | 32,001 | |
Capital commitments | ¥ 46,500 |
Contingencies and Commitments_2
Contingencies and Commitments - Summary of Total Future Aggregate Minimum Operating Lease Payments Under Non-cancellable Operating Leases and Other Commitments (Detail) - CNY (¥) ¥ in Millions | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | ¥ 54,751 | ¥ 49,688 |
Less than 1 year [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 12,825 | 19,131 |
Within 5 years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 39,967 | 29,580 |
Over 5 years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 1,959 | ¥ 977 |
Land and buildings [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 3,481 | |
Land and buildings [member] | Less than 1 year [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 1,147 | |
Land and buildings [member] | Within 5 years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 2,044 | |
Land and buildings [member] | Over 5 years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 290 | |
Equipment [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 34,291 | |
Equipment [member] | Less than 1 year [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 7,524 | |
Equipment [member] | Within 5 years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 25,098 | |
Equipment [member] | Over 5 years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 1,669 | |
Ancillary facilities [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 16,979 | |
Ancillary facilities [member] | Less than 1 year [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | 4,154 | |
Ancillary facilities [member] | Within 5 years [member] | ||
Disclosure of finance lease and operating lease by lessee [Line Items] | ||
Minimum operating lease payments under non-cancellable operating leases and other commitments | ¥ 12,825 |
Contingencies and Commitments_3
Contingencies and Commitments - Additional Information (Detail) | Dec. 31, 2018CNY (¥) |
Contingent liabilities [member] | |
Disclosure of contingent liabilities [Line Items] | |
Contingent liabilities | ¥ 0 |
Financial guarantees [member] | |
Disclosure of contingent liabilities [Line Items] | |
Contingent liabilities | ¥ 0 |
China Unicom (Hong Kong) Limi_3
China Unicom (Hong Kong) Limited (Parent Company) - Additional Information (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) |
Disclosure Of Parent Company Financial Statements [abstract] | |||
Statutory reserve | ¥ 29,019 | $ 4,221 | ¥ 28,877 |
Restricted net assets | ¥ 256,466 | $ 37,301 | ¥ 252,350 |
China Unicom (Hong Kong) Limi_4
China Unicom (Hong Kong) Limited (Parent Company) - Condensed Statements of Financial Position (Detail) ¥ in Millions, $ in Millions | Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2017USD ($) | Dec. 31, 2016CNY (¥) | Dec. 31, 2015CNY (¥) |
Non-current assets | ||||||
Property, plant and equipment | ¥ 384,475 | $ 55,920 | ¥ 416,596 | ¥ 451,115 | ||
Financial assets at fair value through other comprehensive income | 3,903 | 568 | 4,286 | |||
Non-current assets | 464,411 | 67,546 | 495,261 | |||
Current assets | ||||||
Prepayments and other current assets | 11,106 | 1,615 | 13,801 | |||
Cash and cash equivalents | 30,060 | 4,372 | 32,836 | $ 4,776 | 23,633 | ¥ 21,755 |
Current assets | 75,909 | 11,040 | 76,722 | |||
Total assets | 540,320 | 78,586 | 571,983 | |||
Equity attributable to equity shareholders of the Company | ||||||
Share capital | 254,056 | 36,951 | 254,056 | |||
Reserves | (20,154) | (2,931) | (20,912) | |||
Retained profits | ||||||
- Proposed final dividend | 4,100 | 596 | 1,591 | |||
- Others | 75,920 | 11,042 | 69,315 | |||
Total equity | 314,286 | 45,711 | 304,347 | 227,682 | 231,216 | |
Current liabilities | ||||||
Short-term bank loans | 15,085 | 2,194 | 22,500 | |||
Accounts payable and accrued liabilities | 122,458 | 17,811 | 125,260 | |||
Taxes payable | 911 | 132 | 1,121 | |||
Dividend payable | 920 | 134 | 920 | |||
Current liabilities | 214,910 | 31,257 | 242,622 | |||
Total liabilities | 226,034 | 32,875 | 267,636 | |||
Total equity and liabilities | 540,320 | 78,586 | 571,983 | |||
Net current liabilities | 139,001 | 20,217 | 165,900 | |||
Total assets less current liabilities | 325,410 | 47,329 | 329,361 | |||
Parent Company [Member] | ||||||
Non-current assets | ||||||
Property, plant and equipment | 4 | 1 | 5 | |||
Investments in subsidiaries | 237,301 | 34,514 | 234,768 | |||
Loan to a subsidiary | 6,829 | 993 | 22,832 | |||
Financial assets at fair value through other comprehensive income | 3,698 | 538 | 4,070 | |||
Non-current assets | 247,832 | 36,046 | 261,675 | |||
Current assets | ||||||
Loan to subsidiaries | 5,615 | 817 | 202 | |||
Amounts due from subsidiaries | 223 | 32 | 2,510 | |||
Dividend receivable | 4,612 | 671 | 2,712 | |||
Prepayments and other current assets | 23 | 3 | 60 | |||
Short-term bank deposits | 3,091 | |||||
Cash and cash equivalents | 969 | 141 | 1,229 | $ 179 | ¥ 1,443 | ¥ 657 |
Current assets | 11,442 | 1,664 | 9,804 | |||
Total assets | 259,274 | 37,710 | 271,479 | |||
Equity attributable to equity shareholders of the Company | ||||||
Share capital | 254,056 | 36,951 | 254,056 | |||
Reserves | (6,888) | (1,002) | (6,516) | |||
Retained profits | ||||||
- Proposed final dividend | 4,100 | 596 | 1,591 | |||
- Others | 6,915 | 1,006 | 7,184 | |||
Total equity | 258,183 | 37,551 | 256,315 | |||
Current liabilities | ||||||
Short-term bank loans | 12,694 | |||||
Accounts payable and accrued liabilities | 99 | 14 | 160 | |||
Loan from immediate holding company | 48 | 7 | 435 | |||
Loans from subsidiaries | 928 | |||||
Taxes payable | 24 | 4 | 27 | |||
Dividend payable | 920 | 134 | 920 | |||
Current liabilities | 1,091 | 159 | 15,164 | |||
Total liabilities | 1,091 | 159 | 15,164 | |||
Total equity and liabilities | 259,274 | 37,710 | 271,479 | |||
Net current liabilities | 10,351 | 1,505 | (5,360) | |||
Total assets less current liabilities | ¥ 258,183 | $ 37,551 | ¥ 256,315 |
China Unicom (Hong Kong) Limi_5
China Unicom (Hong Kong) Limited (Parent Company) - Condensed Statements of Comprehensive Income (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of parent company financial statements [Line Items] | ||||
Revenue | ¥ 290,877 | $ 42,306 | ¥ 274,829 | ¥ 274,197 |
Interest income | 1,712 | 249 | 1,647 | 1,160 |
Finance costs | (1,625) | (236) | (5,734) | (5,017) |
Other income-net | 783 | 1,280 | 1,591 | |
Income before taxation | 13,081 | 1,903 | 2,593 | 784 |
Income tax expenses | (2,824) | (411) | (743) | (154) |
Net income | 10,257 | 1,492 | 1,850 | 630 |
Other comprehensive income: | ||||
Change in fair value of financial assets through other comprehensive income-net | (381) | (55) | (58) | (530) |
Total comprehensive income for the year | 10,012 | 1,456 | 1,620 | 267 |
Parent Company [Member] | ||||
Disclosure of parent company financial statements [Line Items] | ||||
Revenue | 0 | 0 | 6 | 6 |
Dividend income | 3,296 | 479 | 1,441 | 371 |
General and administrative expenses | (61) | (9) | (67) | (63) |
Interest income | 535 | 78 | 1,192 | 1,250 |
Finance costs | 80 | 12 | (1,647) | (718) |
Other income-net | 1 | 1 | 1,060 | |
Income before taxation | 3,851 | 560 | 926 | 1,906 |
Income tax expenses | (20) | (3) | (20) | (36) |
Net income | 3,831 | 557 | 906 | 1,870 |
Other comprehensive income: | ||||
Change in fair value of financial assets through other comprehensive income-net | (372) | (54) | (68) | (531) |
Total comprehensive income for the year | ¥ 3,459 | $ 503 | ¥ 838 | ¥ 1,339 |
China Unicom (Hong Kong) Limi_6
China Unicom (Hong Kong) Limited (Parent Company) - Condensed Statements of Cash Flows (Detail) ¥ in Millions, $ in Millions | 12 Months Ended | |||
Dec. 31, 2018CNY (¥) | Dec. 31, 2018USD ($) | Dec. 31, 2017CNY (¥) | Dec. 31, 2016CNY (¥) | |
Disclosure of parent company financial statements [Line Items] | ||||
Net cash outflow from operating activities | ¥ 92,387 | $ 13,437 | ¥ 85,054 | ¥ 74,593 |
Net cash inflow/(outflow) from investing activities | (61,179) | (8,898) | (47,336) | (95,749) |
Net cash inflow/(outflow) from financing activities | (34,058) | (4,954) | (28,414) | 22,877 |
- Dividend paid to equity shareholders of the Company | (1,591) | (231) | (4,071) | |
Net increase/(decrease) in cash and cash equivalents | (2,850) | (415) | 9,304 | 1,721 |
Cash and cash equivalents at beginning of year | 32,836 | 4,776 | 23,633 | 21,755 |
Effect of changes in foreign exchange rate | 74 | 11 | (101) | 157 |
Cash and cash equivalents at end of year | 30,060 | 4,372 | 32,836 | 23,633 |
Parent Company [Member] | ||||
Disclosure of parent company financial statements [Line Items] | ||||
Net cash outflow from operating activities | (62) | (9) | (86) | (85) |
Net cash inflow/(outflow) from investing activities | 3,987 | 580 | (66,865) | 537 |
Net cash inflow/(outflow) from financing activities | (4,206) | (612) | 66,682 | 266 |
- Dividend paid to equity shareholders of the Company | (1,591) | (231) | (1,005) | |
Net increase/(decrease) in cash and cash equivalents | (281) | (41) | (269) | 718 |
Cash and cash equivalents at beginning of year | 1,229 | 179 | 1,443 | 657 |
Effect of changes in foreign exchange rate | 21 | 3 | 55 | 68 |
Cash and cash equivalents at end of year | ¥ 969 | $ 141 | ¥ 1,229 | ¥ 1,443 |