| 19. | INTEREST IN ASSOCIATES |
| 2016 | 2017 | |||||||
|
Share of net assets |
32,248 | 33,233 | ||||||
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The following list contains the particulars of material associate, which is unlisted corporate entity whose quoted market price is not available:
|
Name |
Form of |
Place of |
Proportion of ownership interest held by a subsidiary |
Paid up capital |
Principal activities |
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|
Tower Company |
Incorporated |
The PRC |
28.1 | % |
RMB 129,344,615,024 |
Construction, maintenance and operation of communications towers in the PRC (Note 41.2) |
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The above associate is accounted for using the equity method in the consolidated financial statements.
Summarized financial information of the material associate, adjusted for any differences in accounting policies, and reconciled to the carrying amount in the consolidated financial statements, are disclosed below:
| Tower Company | ||||||||
| 2016 | 2017 | |||||||
|
Current assets |
39,565 | 30,517 | ||||||
|
Non-current assets |
272,103 | 292,126 | ||||||
|
Current liabilities |
(171,568 | ) | (150,438 | ) | ||||
|
Non-current liabilities |
(14,548 | ) | (44,710 | ) | ||||
|
Equity |
(125,552 | ) | (127,495 | ) | ||||
|
Revenue |
54,474 | 68,665 | ||||||
|
(Loss)/income for the year |
(575 | ) | 1,943 | |||||
|
Total comprehensive income for the year |
(575 | ) | 1,943 | |||||
|
Reconciled to the Group’s interest in the associate: |
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|
Net assets of the associate |
125,552 | 127,495 | ||||||
|
Group’s effective interest |
28.1 | % | 28.1 | % | ||||
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| 35,280 | 35,826 | |||||||
|
Adjustment for the remaining balance of the deferred gain from the Group’s Tower Assets Disposal |
(3,145 | ) | (2,784 | ) | ||||
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Carrying amount in the consolidated financial statements |
32,135 | 33,042 | ||||||
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