| 12. | INTERESTS IN ASSOCIATES |
| December 31, | ||||||||
| 2016 | 2017 | |||||||
| RMB | RMB | |||||||
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Unlisted equity investments, at cost |
36,347 | 36,648 | ||||||
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Share of post-acquisition changes in net assets |
(1,775 | ) | (922 | ) | ||||
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| 34,572 | 35,726 | |||||||
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The Group’s interests in associates are accounted for under the equity method. Details of the Group’s principal associates are as follows:
|
Name of company |
Attributable equity interest |
Principal activities |
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| China Tower Corporation Limited | 27.9 | % | Construction, maintenance and operation of telecommunications towers as well as ancillary facilities | |||
| Shanghai Information Investment Incorporation | 24.0 | % | Provision of information technology consultancy services | |||
The above associates are established and operated in the PRC and are not traded on any stock exchange.
Summarized financial information of the Group’s principal associates and reconciled to the carrying amounts of interests in associates in the Group’s consolidated financial statements are disclosed below:
|
China Tower Corporation Limited |
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| 2016 | 2017 | |||||||
| RMB | RMB | |||||||
|
Current assets |
39,565 | 30,517 | ||||||
|
Non-current assets |
272,103 | 292,126 | ||||||
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Current liabilities |
171,568 | 150,438 | ||||||
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Non-current liabilities |
14,548 | 44,710 | ||||||
|
Operating revenues |
54,474 | 68,665 | ||||||
|
(Loss) / profit for the year |
(575 | ) | 1,943 | |||||
|
Other comprehensive income for the year |
— | — | ||||||
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Total comprehensive income for the year |
(575 | ) | 1,943 | |||||
|
Dividend received from the associate |
— | — | ||||||
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Reconciled to the Group’s interests in the associate |
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Net assets of the associate |
125,552 | 127,495 | ||||||
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Non-controlling interests of the associate |
— | — | ||||||
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Group’s effective interest in the associate |
27.9 | % | 27.9 | % | ||||
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Group’s share of net assets of the associate |
35,029 | 35,571 | ||||||
|
Adjustment for the remaining balance of the deferred gain from the Tower Assets Disposal |
(1,782 | ) | (1,580 | ) | ||||
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Carrying amount of the associate in the consolidated financial statements of the Group |
33,247 | 33,991 | ||||||
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Shanghai Information Investment Incorporation |
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| 2016 | 2017 | |||||||
| RMB | RMB | |||||||
|
Current assets |
6,688 | 7,146 | ||||||
|
Non-current assets |
8,421 | 8,049 | ||||||
|
Current liabilities |
5,754 | 5,835 | ||||||
|
Non-current liabilities |
3,104 | 2,673 | ||||||
|
Operating revenues |
4,222 | 4,313 | ||||||
|
Profit for the year |
413 | 563 | ||||||
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Other comprehensive income for the year |
24 | 22 | ||||||
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Total comprehensive income for the year |
437 | 585 | ||||||
|
Dividend received from the associate |
9 | 9 | ||||||
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Reconciled to the Group’s interests in the associate |
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Net assets of the associate |
6,251 | 6,687 | ||||||
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Non-controlling interests of the associate |
(1,940 | ) | (2,004 | ) | ||||
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Group’s effective interest in the associate |
24.0 | % | 24.0 | % | ||||
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Group’s share of net assets of the associate |
1,035 | 1,124 | ||||||
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Carrying amount of the associate in the consolidated financial statements of the Group |
1,035 | 1,124 | ||||||
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Aggregate financial information of the Group’s associates that are not individually material is disclosed below:
| 2016 | 2017 | |||||||
| RMB | RMB | |||||||
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The Group’s share of profit of these associates |
21 | 36 | ||||||
|
The Group’s share of other comprehensive income of these associates |
— | 2 | ||||||
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The Group’s share of total comprehensive income of these associates |
21 | 38 | ||||||
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Aggregate carrying amount of these associates in the consolidated financial statements of the Group |
290 | 611 | ||||||