| Share premium |
Other reserves |
Unrealised (losses) from -sale |
Share of other comprehensive |
Statutory reserve fund |
Discretionary reserve fund |
General reserve |
Exchange differences on translating foreign operations |
Total | ||||||||||||||||||||||||||||
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RMB million |
RMB million |
RMB million |
RMB million |
RMB million |
RMB million |
RMB million |
RMB million |
RMB million |
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(a) | (b) | (c) |
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As at 1 January 2015 |
53,860 | 817 | 23,254 | (184 | ) | 24,801 | 21,627 | 21,747 | (3 | ) | 145,919 | |||||||||||||||||||||||||
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Other comprehensive income for the year |
— | — | 6,709 | 364 | — | — | — | 3 | 7,076 | |||||||||||||||||||||||||||
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Appropriation to reserves |
— | — | — | — | 3,438 | 3,160 | 3,492 | — | 10,090 | |||||||||||||||||||||||||||
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Others |
— | 296 | — | — | — | — | — | — | 296 | |||||||||||||||||||||||||||
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As at 31 December 2015 |
53,860 | 1,113 | 29,963 | 180 | 28,239 | 24,787 | 25,239 | — | 163,381 | |||||||||||||||||||||||||||
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As at 1 January 2016 |
53,860 | 1,113 | 29,963 | 180 | 28,239 | 24,787 | 25,239 | — | 163,381 | |||||||||||||||||||||||||||
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Other comprehensive income for the year |
— | — | (24,863 | ) | (918 | ) | — | — | — | 7 | (25,774 | ) | ||||||||||||||||||||||||
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Appropriation to reserves |
— | — | — | — | 1,927 | 3,438 | 2,002 | — | 7,367 | |||||||||||||||||||||||||||
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Others |
— | 33 | — | — | — | — | — | — | 33 | |||||||||||||||||||||||||||
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As at 31 December 2016 |
53,860 | 1,146 | 5,100 | (738 | ) | 30,166 | 28,225 | 27,241 | 7 | 145,007 | ||||||||||||||||||||||||||
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As at 1 January 2017 |
53,860 | 1,146 | 5,100 | (738 | ) | 30,166 | 28,225 | 27,241 | 7 | 145,007 | ||||||||||||||||||||||||||
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Other comprehensive income for the year |
— | — | (7,086 | ) | 21 | — | — | — | (847 | ) | (7,912 | ) | ||||||||||||||||||||||||
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Appropriation to reserves |
— | — | — | — | 3,218 | 1,927 | 3,300 | — | 8,445 | |||||||||||||||||||||||||||
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Others |
— | 135 | — | — | — | — | — | — | 135 | |||||||||||||||||||||||||||
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As at 31 December 2017 |
53,860 | 1,281 | (1,986 | ) | (717 | ) | 33,384 | 30,152 | 30,541 | (840 | ) | 145,675 | ||||||||||||||||||||||||
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| (a) | Pursuant to the relevant PRC laws, the Company appropriated 10% of its net profit under Chinese Accounting Standards (“CAS”) to statutory reserve which amounted to RMB3,218 million for the year ended 31 December 2017 (2016: RMB1,927 million, 2015: RMB3,438 million). |
| (b) | Approved at the Annual General Meeting in May 2017, the Company appropriated RMB1,927 million to the discretionary reserve fund for the year ended 31 December 2016 based on net profit under CAS (2016: RMB3,438 million, 2015: RMB3,160 million). |
| (c) | Pursuant to “Financial Standards of Financial Enterprises—Implementation Guide” issued by the Ministry of Finance of the PRC on 30 March 2007, for the year ended 31 December 2017, the Company appropriated 10% of net profit under CAS which amounted to RMB3,218 million to the general reserve for future uncertain catastrophes, which cannot be used for dividend distribution or conversion to share capital increment (2016: RMB1,927 million, 2015: RMB3,438 million). In addition, pursuant to the CAS, the Group appropriated RMB82 million to the general reserve of its subsidiaries attributable to the Company in the consolidated financial statements (2016: RMB75 million, 2015: RMB54 million). |