SINOPEC SHANGHAI PETROCHEMICAL CO LTD | CIK:0000908732 | 3

  • Filed: 4/27/2018
  • Entity registrant name: SINOPEC SHANGHAI PETROCHEMICAL CO LTD (CIK: 0000908732)
  • Generator: Unknown
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/908732/000119312518138156/0001193125-18-138156-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/908732/000119312518138156/shi-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000908732
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfOperatingSegmentsExplanatory

        2015     2016     2017  
        Total
    segment
    revenue    		     Inter-
    segment
    revenue    		     Revenue
    from
    external
    customers    		     Total
    segment
    revenue    		     Inter-
    segment
    revenue    		     Revenue
    from
    external
    customers    		     Total
    segment
    revenue    		     Inter-
    segment
    revenue    		     Revenue
    from
    external
    customers    		  
        RMB’000     RMB’000     RMB’000     RMB’000     RMB’000     RMB’000     RMB’000     RMB’000     RMB’000  

    Synthetic fibres

    		     2,397,015       —         2,397,015       1,915,242       —         1,915,242       2,061,765       —         2,061,765  

    Resins and plastics

    		     10,348,002       106,042       10,241,960       10,164,433       91,673       10,072,760       10,596,844       123,824       10,473,020  

    Intermediate petrochemicals

    		     23,305,685       13,697,886       9,607,799       20,360,722       11,248,718       9,112,004       23,302,939       12,949,321       10,353,618  

    Petroleum products

    		     47,473,490       3,579,131       43,894,359       38,776,209       3,514,487       35,261,722       53,259,378       8,737,935       44,521,443  

    Trading of petrochemical products

    		     16,940,621       3,220,905       13,719,716       22,148,401       1,551,453       20,596,948       24,953,285       1,240,250       23,713,035  

    Others

    		     1,429,317       542,028       887,289       1,369,671       485,441       884,230       1,364,977       525,443       839,534  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
        101,894,130       21,145,992       80,748,138       94,734,678       16,891,772       77,842,906       115,539,188       23,576,773       91,962,415  
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

         2015      2016      2017  
         RMB’000      RMB’000      RMB’000  

    Segment result - Profit/(loss) from operations

    		         

    Petroleum products

    		      1,862,304        3,812,973        3,120,024  

    Resins and plastics

    		      1,218,598        1,637,578        1,355,908  

    Intermediate petrochemicals

    		      956,820        1,810,011        2,206,128  

    Trading of petrochemical products

    		      15,165        51,168        60,583  

    Synthetic fibres

    		      (356,399 )       (608,891 )       (475,266 ) 

    Others

    		      212,444        75,017        134,496  
      

     

     

    		     

     

     

    		     

     

     

    		  

    Profit from operations

    		      3,908,932        6,777,856        6,401,873  

    Net finance (expenses)/income

    		      (243,779 )       83,685        207,332  

    Share of profit of investments accounted for using the equity method

    		      572,035        916,754        1,243,693  
      

     

     

    		     

     

     

    		     

     

     

    		  

    Profit before taxation

    		      4,237,188        7,778,295        7,852,898  
      

     

     

    		     

     

     

    		     

     

     

    		  

     

         Other profit and loss disclosures

     

        2015     2016     2017  
        Depreciation
    and
    amortisation    		     Impairment
    loss    		     Inventory
    write
    down    		     Depreciation
    and
    amortisation    		     Impairment
    loss    		     Inventory
    write
    down    		     Depreciation
    and
    amortisation    		     Impairment
    loss    		     Inventory
    (write-down)
    /reversal    		  
        RMB’000     RMB’000     RMB’000     RMB’000     RMB’000     RMB’000     RMB’000     RMB’000     RMB’000  

    Synthetic fibres

    		     (159,472 )      —         (4,768 )      (137,153 )      (185,096 )      (38,750 )      (79,658 )      (49,107 )      (38,287 ) 

    Resins and plastics

    		     (122,558 )      —         (339 )      (120,641 )      —         1,575       (163,618 )      (9 )      (5,177 ) 

    Intermediate

    petrochemicals

    		     (552,833 )      (50,001 )      (429 )      (525,698 )      (14,351 )      (642 )      (538,435 )      (50,210 )      (4,487 ) 

    Petroleum products

    		     (979,911 )      —         (3,168 )      (886,784 )      (53,155 )      —         (922,670 )      (44 )      (12,399 ) 

    Trading of petrochemical products

    		     (175 )      —         (13,150 )      (176 )      —         —         (171 )      —         —    

    Others

    		     (230,012 )      (756 )      (23,014 )      (211,808 )      (1,570 )      (38,451 )      (129,577 )      (18,875 )      (111 ) 
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  
        (2,044,961 )      (50,757 )      (44,868 )      (1,882,260 )      (254,172 )      (76,268 )      (1,834,129 )      (118,245 )      (60,461 ) 
     

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		    

     

     

    		  

     

         As at 31 December  
         2016      2017  
         Total assets      Total assets  
         RMB’000      RMB’000  

    Allocated assets

    		      

    Synthetic fibres

    		      1,405,804        1,101,836  

    Resins and plastics

    		      1,821,576        2,184,706  

    Intermediate petrochemicals

    		      4,441,418        5,122,226  

    Petroleum products

    		      13,426,863        13,792,883  

    Trading of petrochemical products

    		      1,186,590        1,229,927  

    Others

    		      2,323,376        1,883,275  
      

     

     

    		     

     

     

    		  

    Allocated assets

    		      24,605,627        25,314,853  
      

     

     

    		     

     

     

    		  

    Unallocated assets

    		      

    Investments accounted for using the equity method

    		      3,688,794        4,452,044  

    Cash and cash equivalents

    		      5,440,623        7,504,266  

    Time deposits with financial institutions

    		      —          2,000,000  

    Deferred income tax assets

    		      103,091        119,307  

    Others

    		      107,475        52,993  
      

     

     

    		     

     

     

    		  

    Unallocated assets

    		      9,339,983        14,128,610  
      

     

     

    		     

     

     

    		  

    Total assets

    		      33,945,610        39,443,463  
      

     

     

    		     

     

     

    		  

     

         As at 31 December  
         2016      2017  
         Total liabilities      Total liabilities  
         RMB’000      RMB’000  

    Allocated liabilities

    		      

    Synthetic fibres

    		      344,287        461,706  

    Resins and plastics

    		      1,118,166        1,209,940  

    Intermediate petrochemicals

    		      1,126,031        1,330,601  

    Petroleum products

    		      4,323,580        5,718,117  

    Trading of petrochemical products

    		      1,407,484        1,521,818  

    Others

    		      76,395        79,584  
      

     

     

    		     

     

     

    		  

    Allocated liabilities

    		      8,395,943        10,321,766  
      

     

     

    		     

     

     

    		  

    Unallocated liabilities

    		      

    Borrowings

    		      546,432        606,157  
      

     

     

    		     

     

     

    		  

    Unallocated liabilities

    		      546,432        606,157  
      

     

     

    		     

     

     

    		  

    Total liabilities

    		      8,942,375        10,927,923  
      

     

     

    		     

     

     

    		  

     

         2015      2016      2017  
         RMB’000      RMB’000      RMB’000  

    Additions to property, plant and equipment, construction in progress, lease prepayments and other assets

    		         

    Synthetic fibres

    		      38,629        106,872        130,908  

    Resins and plastics

    		      94,935        169,330        156,189  

    Intermediate petrochemicals

    		      180,806        261,291        525,828  

    Petroleum products

    		      546,996        740,520        1,076,212  

    Others

    		      96,886        36,965        20,738  
      

     

     

    		     

     

     

    		     

     

     

    		  
         958,252        1,314,978        1,909,875