| 12. | OTHER INCOME – NET |
| Note | 2015 | 2016 | 2017 | |||||||||||||
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Dividend income from financial assets at fair value through other comprehensive income |
397 | 357 | 206 | |||||||||||||
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Gain on Tower Assets Disposal |
(i) | 9,246 | — | — | ||||||||||||
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Others |
925 | 1,234 | 1,074 | |||||||||||||
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| 10,568 | 1,591 | 1,280 | ||||||||||||||
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| (i) | Disposal of Telecommunications Towers and Related Assets |
On October 31, 2015, China United Network Communications Corporation Limited (“CUCL”) and Unicom New Horizon Telecommunications Company Limited (“Unicom New Horizon”, a wholly-owned subsidiary of CUCL and an indirectly wholly-owned subsidiary of the Company) completed the disposal of tower assets (“Tower Assets Disposal”) to China Tower Corporation Limited( “Tower Company”) with a total consideration of approximately RMB54,658 million.
The Tower Assets Disposal was accounted as an assets disposal. Since the Company owned 28.1% of the share capital of Tower Company, only 71.9% of the gain on the Group’s Tower Assets Disposal was recognized for the year ended December 31, 2015 with the remaining 28.1% of the aforesaid gain deferred over the remaining useful life of the Tower Assets related to the Group.
The details of the Tower Assets related to the Group as at the Completion Date and the gain on the Group’s Tower Assets Disposal were as follows:
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Property, plant and equipment |
37,632 | |||
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Other current assets |
829 | |||
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Other non-current assets |
3,017 | |||
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The Group’s Tower Assets disposed of |
41,478 | |||
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Consideration |
54,658 | |||
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Relevant expenses and taxes |
(320 | ) | ||
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Gain on the Group’s Tower Assets Disposal |
12,860 | |||
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Deferred gain from the Group’s Tower Assets Disposal |
(3,614 | ) | ||
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Disposal gain recognized |
9,246 | |||
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