CHINA SOUTHERN AIRLINES CO LTD | CIK:0001041668 | 3

  • Filed: 4/26/2018
  • Entity registrant name: CHINA SOUTHERN AIRLINES CO LTD (CIK: 0001041668)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1041668/000119312518134851/0001193125-18-134851-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1041668/000119312518134851/znh-20171231.xml
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  • ifrs-full:DisclosureOfInterestsInAssociatesExplanatory

    25 Interest in associates

     

         2017
    RMB million
         2016
    RMB million
     

    Share of net assets

         3,031        2,590  
      

     

     

        

     

     

     

    All the Group’s associates are unlisted without quoted market price. The particulars of the Group’s principal associates as at December 31, 2017 are as follows:

     

                      Proportion of ownership
    interest held by
               
        

    Place of
    establishment

    / operation

        

    Group’s

    effective

    interest

       

    The

    Company

        Subsidiaries    

    Proportion

    of voting

    rights held

    by the Group

        Principal activity

    Southern Airlines Group Finance Co., Ltd. (“SA Finance”)

         PRC        33.98     25.28     8.70     33.98   Provision of Airlines

    financial services

    Sichuan Airlines Co., Ltd. (“Sichuan Airlines”)

         PRC        39     39     —         39   Airline
    transportation

    SACM

         PRC        40     40     —         40   Advertising services

    Xinjiang Civil Aviation Property Management Limited

         PRC        42.80     42.80     —         42.80   Property
    management

    There is no associate that is individually material to the Group.

    The Group has interests in a number of individually immaterial associates that are accounted for using the equity method. The aggregate financial information of these associates is summarized as following:

     

         2017
    RMB million
         2016
    RMB million
        

    2015

    RMB million

     

    Aggregate carrying amount of individually immaterial associates

         3,031        2,590        1,995  
      

     

     

        

     

     

        

     

     

     

    Aggregate amounts of the Group’s share of:

            

    Profit from continuing operations

         431        509        460  

    Other comprehensive income

         2        (2      (7
      

     

     

        

     

     

        

     

     

     

    Total comprehensive income

         433        507        453