annual_report_2019_en

(coco) #1

2019 Annual Report (^133)
Reconciliation of movements of major liabilities to cash flows arising from financing activities
Year ended December 31, 2019
Related liabilities/
(CNY million)
Other
loans and
borrowings
Corporate
bonds
Royalty
instalments
Lease
liabilities
Interest
payable
related to
financing
activities
Balance at January 1, 2019 39,274 30,667 4,055 7, 303 392
Net proceeds from borrowings 77,622 5,991 – – –
Repayment of borrowings (35,549) – – – –
Royalties acquired – – 454 – –
Instalment payments – – (1,111) – –
New leases – – – 5,076 –
Payment of lease liabilities – – – (2,378) –
Interest incurred during the
year



  • – – 374 4,040


Interest paid – – – (179) (3,855)
Amortisation of capitalised
interest and transaction costs
57 32 92 – –

Issuance cost payable – (8) – – –
Non-cash transaction (note) (6,900) – – – –
Termination of leases – – – (354) –
Reclassified as liabilities
directly associated with
the assets held for sale


  • – – (13) –


Exchange adjustments 404 572 184 (142) (59)
Balance at December 31, 2019 74,908 37, 25 4 3,674 9,687 518

Year ended December 31, 2018


Related liabilities/
(CNY million)

Other
loans and
borrowings

Corporate
bonds

Royalty
instalments

Interest
payable related
to financing
activities
Balance at January 1, 2018 10,780 29,145 1,359 276
Proceeds from borrowings 51,216 – – –
Repayment of borrowings (20, 351) – – –
Royalties acquired – – 3,291 –
Instalment payments – – (729) –
Interest incurred during the year – – – 2,333
Interest paid – – – (2,067)
Amortisation of capitalised interest
and transaction costs
20 29 89 –

Non-cash transaction (note) (3,14 8) – – –
Exchange adjustments 757 1,493 45 (150)
Balance at December 31, 2018 39,274 30,667 4,055 392

Note: Under certain financing arrangements, the Group’s contractual obligations are transferred to customers without recourse when the
Group obtains unconditional entitlements to the considerations of relevant customer contracts. During the year ended December 31,
2019, the Group derecognised loans and borrowings equivalent to CNY6,900 million (2018: CNY3,148 million) under these arrangements
when the Group became unconditionally entitled to the relevant contract consideration.

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