annual_report_2019_en

118 Huawei Investment & Holding Co., Ltd.

13 Other comprehensive income

(a) Tax effects relating to each component of other comprehensive income

2019 2018

(CNY million)

Before-tax

amount

Tax benefit

Net-of-tax

amount

Before-tax

amount

Tax expense

Net-of-tax

amount

Re-measurement of defined

benefit obligations

• The Group 202 (16) 186 (816) 50 (766)
  Net change in the fair value
  and impairment loss of
  financial assets measured
  at FVOCI:
  Net change in the fair value of
  equity investments
  184 (36) 148 (78) 12 (66)

Net change in the fair value and

impairment loss of non-equity

financial assets

• The Group (11) (3) (14) 35 1 36


• Share of associates and joint
  ventures
  
  
  • – – (9) – (9)
  
  
  
  

173 (39) 134 (52) 13 (39)

Translation differences on

foreign operations

• The Group 1,881 – 1,881 1,247 – 1,247


• Share of associates and joint
  ventures
  
  
  • – – (12) – (12)
  
  
  
  

1,881 – 1,881 1,235 – 1,235

2,256 (55) 2,201 367 63 430

(b) Components of other comprehensive income, including reclassification adjustments

(CNY million) 2019 2018

Net change in the fair value and impairment loss of financial assets

measured at FVOCI:

Changes in fair value recognised during the year 238 (52)

Reclassification adjustments for amounts transferred to profit or loss:

• Gain on derecognition (note 11) (78) (1)
  Loss allowances recognised during the year 13 1
  Net deferred tax (debited)/credited to other comprehensive income (39) 13
  Net movement in the fair value reserve during the year 134 (39)

(CNY million) 2019 2018

Translation differences on foreign operations:

Recognised during the year 1,820 1,253

Reclassification adjustments for amounts transferred to profit or loss:

• Disposal of subsidiaries 55 (27)


• Disposal of an associate and a joint venture 6 (1)


• Deemed disposal of a joint venture – 10
  Net movement in the translation reserve during the year 1,881 1,235