annual_report_2019_en

138 Huawei Investment & Holding Co., Ltd.

32 Related parties

A related party is a person or an entity that has control or joint control or significant influence over the Group,

or is a member of its key management personnel, or is member of the Group, including joint ventures and

associates.

Details of the Group’s significant transactions with related parties are set out below.

Transactions with an associate and a joint venture

2019

(CNY million)

Sales of goods

and service

Purchase of

goods and

service

Rental income

An associate 1,589 894 –

2018

(CNY million)

Sales of goods

and service

Purchase of

goods and

service

Rental income

An associate 1,575 680 –

A joint venture (note) 75 553 3

1,650 1,233 3

Note: On August 1, 2018, the Group obtained control over a previous joint venture, Huawei Marine Systems Co., Limited, which was

consolidated into the Group’s financial statements from August 1, 2018. The transaction amounts disclosed above related to the

period from January 1, 2018 to July 31, 2018.

Balances with an associate

December 31, 2019

(CNY million)

Trade

receivables

Contract

assets

Other

assets

Trade

payables

Contract

liabilities

Other

liabilities

An associate 77 16 376 585 17 415

December 31, 2018

(CNY million)

Trade

receivables

Contract

assets

Other

assets

Trade

payables

Contract

liabilities

Other

liabilities

An associate 64 6 332 500 8 289