| 44 | PARTLY-OWNED SUBSIDIARIES WITH MATERIAL NON-CONTROLLING INTERESTS |
Details of the Group’s subsidiaries that have material non-controlling interests are set out below:
| 2017 | 2016 | |||||||
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Percentage of equity interest held by non-controlling interests: |
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CEA Jiangsu |
37.44 | % | 37.44 | % | ||||
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CEA Yunnan |
9.64 | % | 9.64 | % | ||||
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CEA Wuhan |
40.00 | % | 40.00 | % | ||||
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China Cargo |
— | 17.00 | % | |||||
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| 2017 | 2016 | |||||||
| RMB million | RMB million | |||||||
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Profit for the year allocated to non-controlling interests: |
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CEA Jiangsu |
216 | 191 | ||||||
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CEA Yunnan |
67 | 75 | ||||||
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CEA Wuhan |
178 | 173 | ||||||
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China Cargo |
3 | 29 | ||||||
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Dividends paid to non-controlling interests of CEA Jiangsu |
37 | 56 | ||||||
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Dividends paid to non-controlling interests of CEA Wuhan |
22 | — | ||||||
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Accumulated balances of non-controlling interests at the reporting dates: |
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CEA Jiangsu |
1,416 | 1,236 | ||||||
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CEA Yunnan |
641 | 574 | ||||||
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CEA Wuhan |
1,393 | 1,249 | ||||||
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China Cargo |
— | (105 | ) | |||||
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The following tables illustrate the summarized financial information of the above subsidiaries. The amounts disclosed are before any inter-company eliminations:
| CEA Jiangsu | CEA Yunnan | CEA Wuhan | China Cargo | |||||||||||||
| RMB million | RMB million | RMB million | RMB million | |||||||||||||
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2017 |
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Revenue |
8,257 | 8,939 | 4,289 | 507 | ||||||||||||
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Total expenses |
7,680 | 8,244 | 3,843 | 462 | ||||||||||||
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Profit for the year |
577 | 695 | 446 | 45 | ||||||||||||
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Total comprehensive income for the year |
580 | 695 | 461 | 45 | ||||||||||||
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Current assets |
1,124 | 1,230 | 79 | — | ||||||||||||
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Non-current assets |
9,313 | 16,171 | 7,047 | — | ||||||||||||
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Current liabilities |
2,260 | 4,471 | 1,576 | — | ||||||||||||
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Non-current liabilities |
4,395 | 6,282 | 2,067 | — | ||||||||||||
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Net cash flows from operating activities |
1,491 | 1,230 | 846 | — | ||||||||||||
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Net cash flows used in investing activities |
(588 | ) | (274 | ) | (156 | ) | — | |||||||||
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Net cash flows used in financing activities |
(894 | ) | (948 | ) | (682 | ) | — | |||||||||
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Effect of foreign exchange rate changes, net |
— | — | — | — | ||||||||||||
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Net increase in cash and cash equivalents |
9 | 8 | 8 | — | ||||||||||||
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| CEA Jiangsu | CEA Yunnan | CEA Wuhan | China Cargo | |||||||||||||
| RMB million | RMB million | RMB million | RMB million | |||||||||||||
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2016 |
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Revenue |
7,298 | 9,054 | 3,706 | 3,770 | ||||||||||||
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Total expenses |
6,787 | 8,280 | 3,273 | 3,598 | ||||||||||||
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Profit for the year |
511 | 774 | 433 | 172 | ||||||||||||
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Total comprehensive income for the year |
503 | 774 | 438 | 157 | ||||||||||||
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Current assets |
1,260 | 990 | 79 | 1,595 | ||||||||||||
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Non-current assets |
8,163 | 16,153 | 6,108 | 1,525 | ||||||||||||
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Current liabilities |
1,971 | 3,056 | 1,216 | 2,834 | ||||||||||||
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Non-current liabilities |
4,149 | 8,134 | 1,849 | 889 | ||||||||||||
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Net cash flows from/( used in ) operating activities |
1,937 | 3,178 | (196 | ) | 279 | |||||||||||
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Net cash flows (used in)/from investing activities |
(675 | ) | (1,098 | ) | 428 | 11 | ||||||||||
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Net cash flows used in financing activities |
(1,301 | ) | (2,096 | ) | (241 | ) | (11 | ) | ||||||||
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Effect of foreign exchange rate changes, net |
— | — | — | (1 | ) | |||||||||||
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Net (decrease)/increase in cash and cash equivalents |
(39 | ) | (16 | ) | (9 | ) | 278 | |||||||||
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