2019 Annual Report (^123)
Summarised financial information of TD Tech, reconciled to the carrying amounts in the consolidated financial
statements, is as follows:
(CNY million) 2019 2018
Gross amounts of the associate’s
Non-current assets 334 317
Current assets 2,258 1,908
Non-current liabilities 144 –
Current liabilities 1,284 1,161
Equity 1,164 1,064
Revenue 3,368 3,796
Profit (note) 101 101
Other comprehensive income – (18)
Total comprehensive income (note) 101 83
Reconciled to the Group’s interest in the associate
Net assets of the associate 1,165 1,064
Group’s effective interest 49% 49%
Group’s share of net assets of the associate 571 521
Elimination of unrealised profit (74) (35)
Carrying amount in the consolidated financial statements 497 486
Note: As the issuance date of the Group’s consolidated financial statements is ahead of TD Tech’s audit report date, the Group applies the
equity method to account for its investment in TD Tech based on unaudited financial information contained in TD Tech’s management
accounts, which may differ from TD Tech’s audited results. Any differences are to be accounted for in the Group’s next financial period.
Aggregate carrying amounts and summarised financial information of individually immaterial associates and joint
ventures are as follows:
Associates Joint ventures
(CNY million) 2019 2018 2019 2018
Aggregate carrying amount 177 18 57 58
Aggregate amount of the Group’s
share of those associates’ and
joint ventures’
Profit for the year 1 – – –
Other comprehensive income – – – (1)
Total comprehensive income 1 – – (1)
For the years ended December 31, 2019 and 2018, no dividend was declared or paid by the associates or joint
ventures.
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