PETROCHINA CO LTD | CIK:0001108329 | 3

  • Filed: 4/27/2018
  • Entity registrant name: PETROCHINA CO LTD (CIK: 0001108329)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1108329/000119312518137017/0001193125-18-137017-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1108329/000119312518137017/ptr-20171231.xml
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    • ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory

    18 SUBSIDIARIES

    The principal subsidiaries of the Group are:

     

    Company Name

    		   

    Country of

    Incorporation

    		    Issued
    Capital
    RMB    		     

    Type of
    Legal
    Entity

    		    Attributable
    Equity
    Interest %    		      Voting
    Rights%    		   

    Principal Activities

    Daqing Oilfield Company Limited

    		    PRC      47,500      Limited liability company      100.00      100.00    Exploration, production and sale of crude oil and natural gas

    CNPC Exploration and Development Company Limited (i)

    		    PRC      16,100      Limited liability company      50.00      57.14    Exploration, production and sale of crude oil and natural gas in and outside the PRC

    PetroChina Hong Kong Limited

    		    Hong Kong     
    		 HKD
    7,592 million    		  
         		    Limited liability company      100.00      100.00    Investment holding. The principal activities of its subsidiaries, associates and joint ventures are the exploration, production and sale of crude oil in and outside the PRC as well as natural gas sale and transmission in the PRC

    PetroChina International Investment Company Limited

    		    PRC      31,314      Limited liability company      100.00      100.00   

    Investment holding. The

    principal activities of its

    subsidiaries and joint ventures are the exploration, development

    and production of crude

    oil, natural gas, oil sands and coalbed methane outside the PRC

    PetroChina International Company Limited

    		    PRC      18,096      Limited liability company      100.00      100.00    Marketing of refined products and trading of crude oil and petrochemical products, storage, investment in refining, chemical engineering, storage facilities, service station, and transportation facilities and related business in and outside the PRC

    PetroChina Pipelines Co., Ltd.

    		    PRC      80,000      Limited liability company      72.26      72.26   

    Oil and gas pipeline

    transportation, investment

    holding, import and export of goods, agency of import and export, import and export of technology, technology promotion service, professional contractor, main contractor

     

    (i) The Company consolidated the financial statements of the entity because it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity.

    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.    		  
         December 31,
    2017    		      December 31,
    2016    		      December 31,
    2017    		      December 31,
    2016    		  
         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  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

    Net assets

    		      131,566        133,847        221,257        215,686  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

    Summarized statement of comprehensive income is as follows:

     

         CNPC Exploration and
    Development Company Limited    		     PetroChina Pipelines Co.,
    Ltd. (note)    		  
         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)    		  
         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.