Summarized financial information in respect of the Group’s principal subsidiaries with significant non-controlling interests is as follows:
CNPC Exploration and Development Company Limited |
PetroChina Pipelines Co., Ltd. |
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December 31, 2017 |
December 31, 2016 |
December 31, 2017 |
December 31, 2016 |
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RMB | RMB | RMB | RMB | |||||||||||||
Percentage ownership interest (%) |
50.00 | 50.00 | 72.26 | 72.26 | ||||||||||||
Current assets |
24,722 | 26,489 | 2,882 | 19,193 | ||||||||||||
Non-current assets |
133,328 | 134,510 | 232,842 | 235,023 | ||||||||||||
Current liabilities |
13,273 | 15,504 | 6,059 | 26,186 | ||||||||||||
Non-current liabilities |
13,211 | 11,648 | 8,408 | 12,344 | ||||||||||||
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Net assets |
131,566 | 133,847 | 221,257 | 215,686 | ||||||||||||
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Summarized statement of comprehensive income is as follows:
CNPC Exploration and Development Company Limited |
PetroChina Pipelines Co., Ltd. (note) |
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2017 | 2016 | 2015 | 2017 | 2016 | 2015 | |||||||||||||||||||
RMB | RMB | RMB | RMB | RMB | RMB | |||||||||||||||||||
Revenue |
37,304 | 28,196 | 33,541 | 43,627 | 41,794 | 2,796 | ||||||||||||||||||
Profit from continuing operations |
3,696 | 24,153 | 2,448 | 17,891 | 20,420 | 1,015 | ||||||||||||||||||
Total comprehensive (loss) / income |
(1,050 | ) | 30,391 | (7,889 | ) | 17,891 | 20,420 | 1,015 | ||||||||||||||||
Profit attributable to non-controlling interests |
2,390 | 12,414 | 1,292 | 4,963 | 5,664 | 282 | ||||||||||||||||||
Dividends paid to non-controlling interests |
1,420 | 444 | 775 | 3,569 | — | 720 |
Note: PetroChina Pipelines Co., Ltd. was established in November 2015.
Summarized statement of cash flows is as follows:
CNPC Exploration and Development Company Limited |
PetroChina Pipelines Co., Ltd. (note) |
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2017 | 2016 | 2015 | 2017 | 2016 | 2015 | |||||||||||||||||||
RMB | RMB | RMB | RMB | RMB | RMB | |||||||||||||||||||
Net cash inflow from operating activities |
18,545 | 9,053 | 8,293 | 31,160 | 30,270 | 2,554 | ||||||||||||||||||
Net cash (outflow) / inflow from investing activities |
(12,304 | ) | (18,036 | ) | (2,762 | ) | 2,869 | 14,799 | (19,434 | ) | ||||||||||||||
Net cash (outflow) / inflow from financing activities |
(4,296 | ) | (2,248 | ) | (4,284 | ) | (36,190 | ) | (47,624 | ) | 21,744 | |||||||||||||
Effect of foreign exchange rate changes on cash and cash equivalents |
(2,183 | ) | 748 | 586 | — | — | — | |||||||||||||||||
Net (decrease) / increase in cash and cash equivalents |
(238 | ) | (10,483 | ) | 1,833 | (2,161 | ) | (2,555 | ) | 4,864 | ||||||||||||||
Cash and cash equivalents at the beginning of the year |
18,220 | 28,703 | 26,870 | 2,309 | 4,864 | — | ||||||||||||||||||
Cash and cash equivalents at the end of the year |
17,982 | 18,220 | 28,703 | 148 | 2,309 | 4,864 |
Note: PetroChina Pipelines Co., Ltd. was established in November 2015.