The segment results of the Group for the year ended December 31, 2017 are as follows:
Airline transportation operations |
Other segments |
Elimination | Unallocated* | Total | ||||||||||||||||
RMB million | RMB million | RMB million | RMB million | RMB million | ||||||||||||||||
Revenue from external customers |
126,077 | 1,412 | — | — | 127,489 | |||||||||||||||
Inter-segment sales |
159 | 2,823 | (2,982 | ) | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Reportable segment revenue |
126,236 | 4,235 | (2,982 | ) | — | 127,489 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Reportable segment profit before taxation |
7,708 | 529 | — | 561 | 8,798 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Reportable segment profit after taxation |
5,875 | 381 | — | 577 | 6,833 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Other segment information |
||||||||||||||||||||
Income tax |
1,833 | 148 | — | (16 | ) | 1,965 | ||||||||||||||
Interest income |
74 | 15 | — | — | 89 | |||||||||||||||
Interest expense |
2,724 | 23 | — | — | 2,747 | |||||||||||||||
Depreciation and amortization |
13,112 | 201 | — | — | 13,313 | |||||||||||||||
Impairment loss |
440 | 2 | — | — | 442 | |||||||||||||||
Share of associates’ results |
— | — | — | 420 | 420 | |||||||||||||||
Share of joint ventures’ results |
— | — | — | 99 | 99 | |||||||||||||||
Remeasurement of the originally held equity interests in a joint venture |
— | — | — | 88 | 88 | |||||||||||||||
Fair value movement of derivative financial instruments |
— | — | — | (64 | ) | (64 | ) | |||||||||||||
Non-current assets additions during the year# |
30,776 | 1,828 | — | — | 32,604 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
The segment results of the Group for the year ended December 31, 2016 are as follows:
Airline transportation operations |
Other segments |
Elimination | Unallocated* | Total | ||||||||||||||||
RMB million | RMB million | RMB million | RMB million | RMB million | ||||||||||||||||
Revenue from external customers |
113,490 | 1,302 | — | — | 114,792 | |||||||||||||||
Inter-segment sales |
101 | 2,231 | (2,332 | ) | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Reportable segment revenue |
113,591 | 3,533 | (2,332 | ) | — | 114,792 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Reportable segment profit before taxation |
6,471 | 459 | — | 717 | 7,647 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Reportable segment profit after taxation |
4,834 | 337 | — | 717 | 5,888 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Other segment information |
||||||||||||||||||||
Income tax |
1,637 | 122 | — | — | 1,759 | |||||||||||||||
Interest income |
79 | 10 | — | — | 89 | |||||||||||||||
Interest expense |
2,458 | 7 | — | — | 2,465 | |||||||||||||||
Depreciation and amortization |
12,693 | 96 | — | — | 12,789 | |||||||||||||||
Impairment loss |
127 | 3 | — | — | 130 | |||||||||||||||
Share of associates’ results |
— | — | — | 511 | 511 | |||||||||||||||
Share of joint ventures’ results |
— | — | — | 102 | 102 | |||||||||||||||
Gain on deemed disposal of a subsidiary |
— | — | — | 90 | 90 | |||||||||||||||
Non-current assets additions during the year# |
29,126 | 120 | — | — | 29,246 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
The segment results of the Group for the year ended December 31, 2015 are as follows:
Airline transportation operations |
Other segments |
Elimination | Unallocated* | Total | ||||||||||||||||
RMB million | RMB million | RMB million | RMB million | RMB million | ||||||||||||||||
Revenue from external customers |
110,067 | 1,400 | — | — | 111,467 | |||||||||||||||
Inter-segment sales |
114 | 1,528 | (1,642 | ) | — | — | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Reportable segment revenue |
110,181 | 2,928 | (1,642 | ) | — | 111,467 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Reportable segment profit before taxation |
5,480 | 279 | — | 582 | 6,341 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Reportable segment profit after taxation |
4,199 | 205 | — | 582 | 4,986 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Other segment information |
||||||||||||||||||||
Income tax |
1,281 | 74 | — | — | 1,355 | |||||||||||||||
Interest income |
244 | 9 | — | — | 253 | |||||||||||||||
Interest expense |
2,156 | 32 | — | — | 2,188 | |||||||||||||||
Depreciation and amortization |
11,915 | 97 | — | — | 12,012 | |||||||||||||||
Impairment loss |
105 | 3 | — | — | 108 | |||||||||||||||
Share of associates’ results |
— | — | — | 462 | 462 | |||||||||||||||
Share of joint ventures’ results |
— | — | — | 107 | 107 | |||||||||||||||
Non-current assets additions during the year# |
24,242 | 98 | — | — | 24,340 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
The segment assets and liabilities of the Group as at December 31, 2017 and December 31, 2016 are as follows:
Airline transportation operations |
Other segments |
Elimination | Unallocated* | Total | ||||||||||||||||
RMB million | RMB million | RMB million | RMB million | RMB million | ||||||||||||||||
As at December 31, 2017 |
||||||||||||||||||||
Reportable segment assets |
208,116 | 5,799 | (402 | ) | 4,816 | 218,329 | ||||||||||||||
Reportable segment liabilities |
154,391 | 2,111 | (402 | ) | 64 | 156,164 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
As at December 31, 2016 |
||||||||||||||||||||
Reportable segment assets |
192,881 | 3,201 | (376 | ) | 4,755 | 200,461 | ||||||||||||||
Reportable segment liabilities |
144,768 | 1,355 | (370 | ) | — | 145,753 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
* | Unallocated assets primarily include goodwill, interest in associates and joint ventures, available-for-sale financial assets, derivative financial instruments and other investments in equity securities. Unallocated results primarily include the share of results of associates and joint ventures, dividend income from available-for-sale financial assets and other investments in equity securities, remeasurement of the originally held equity interests in a joint venture, gain on deemed disposal of a subsidiary, and the fair value movement of derivative financial instruments recognized through profit or loss. |
# | The additions of non-current assets do not include goodwill, interests in associates and joint ventures, other investments in equity securities, available-for-sale financial assets, derivative financial instruments and deferred tax assets. |