| 41 | CONDENSED FINANCIAL INFORMATION OF THE COMPANY |
| (a) | Condensed statements of comprehensive income |
| 2017 | 2016 | 2015 | ||||||||||
| Million | Million | Million | ||||||||||
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Dividend income |
111,490 | 49,080 | 43,848 | |||||||||
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Operating expenses |
(77 | ) | (71 | ) | (77 | ) | ||||||
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Interest income |
23 | 11 | 25 | |||||||||
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Other (losses)/gains |
(87 | ) | 57 | 61 | ||||||||
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Finance costs |
(2 | ) | (3 | ) | (3 | ) | ||||||
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Profit before taxation |
111,347 | 49,074 | 43,854 | |||||||||
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Taxation |
(14 | ) | (1 | ) | — | |||||||
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PROFIT FOR THE YEAR |
111,333 | 49,073 | 43,854 | |||||||||
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Other comprehensive income for the year |
— | — | — | |||||||||
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
111,333 | 49,073 | 43,854 | |||||||||
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| (b) | Condensed balance sheets |
| As of December 31, 2017 |
As of December 31, 2016 |
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| Million | Million | |||||||
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Non-current assets |
490,256 | 487,290 | ||||||
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Current assets |
2,718 | 2,144 | ||||||
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Current liabilities |
3,658 | 5,415 | ||||||
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Non-current liabilities |
— | — | ||||||
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NET ASSETS |
489,316 | 484,019 | ||||||
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TOTAL EQUITY |
489,316 | 484,019 | ||||||
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In the Company’s balance sheets, an investment in a subsidiary is stated at cost less impairment losses. The results of subsidiaries are accounted for by the Company on the basis of dividends received and receivable.
| (c) | Condensed statements of cash flows |
| 2017 | 2016 | 2015 | ||||||||||
| Million | Million | Million | ||||||||||
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Net cash used in operating activities |
(72 | ) | (69 | ) | (78 | ) | ||||||
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Net cash generated from investing activities |
28,840 | 12,900 | 9,760 | |||||||||
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Net cash used in financing activities |
(28,913 | ) | (12,813 | ) | (11,964 | ) | ||||||
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Net increase/(decrease) in cash and cash equivalents |
(145 | ) | 18 | (2,282 | ) | |||||||
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Cash and cash equivalents at beginning of year |
796 | 753 | 3,030 | |||||||||
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Effect of changes in foreign exchange rate |
(97 | ) | 25 | 5 | ||||||||
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Cash and cash equivalents at end of year |
554 | 796 | 753 | |||||||||
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