2019 Annual Report (^93)
(CNY million) Note
December 31,
2019
December 31,
2018
Liabilities
Loans and borrowings 25 104,531 66,170
Deferred government grants 1,013 1,209
Deferred tax liabilities 19 1,755 1,937
Lease liabilities 6,413 –
Other liabilities 28 3,157 4,161
Non-current liabilities 116,869 73,477
Loans and borrowings 25 7,631 3,771
Employee benefits 98,375 98,16 4
Income tax payable 3,909 4,191
Trade and bills payable 26 142,185 96,919
Contract liabilities 27 69,327 58,278
Lease liabilities 3,274 –
Other liabilities 28 106,005 87,6 83
Provisions 29 15,549 10,244
Current liabilities 446,255 359,250
Total liabilities 563,124 432,727
Total equity and liabilities 858,661 665,792
Note: The Group has initially applied IFRS 16 at January 1, 2019, using the modified retrospective approach under which comparative
information is not restated. See note 4.
The notes on pages 95 to 141 form part of this consolidated financial statements summary.
coco
(coco)
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