CITIC Annual Report 2018

CONSOLIDATED BALANCE SHEET

		As at 31 December 2018
	Note	2018 HK$ million	2017 HK$ million
Assets
Cash and deposits	20	832,968	924,584
Placements with banks and non-bank financial institutions	21	200,030	205,346
Financial assets at fair value through profit or loss	22	N/A	91,350
Derivative financial instruments	23	37,294	79,339
Trade and other receivables	24	111,057	149,204
Amounts due from customers for contract work		N/A	1,820
Contract assets	25	11,068	N/A
Inventories	26	58,087	58,552
Financial assets held under resale agreements	27	12,955	65,349
Loans and advances to customers and other parties	28	4,024,401	3,721,886
nvestments in financial assets	29
– Financial assets at amortised cost		899,348	N/A
– Financial assets at fair value through profit or loss		395,259	N/A
– Debt investments at fair value through other comprehensive income		582,899	N/A
– Equity investments at fair value through other comprehensive income		6,921	N/A
Available-for-sale financial assets	30	N/A	807,912
Held-to-maturity investments	31	N/A	261,654
Investments classified as receivables	32	N/A	644,789
Interests in associates	34	116,631	98,644
Interests in joint ventures	35	38,620	37,418
Fixed assets	36	189,647	196,047
Investment properties	36	32,579	33,073
Intangible assets	37	14,387	23,721
Goodwill	38	22,885	23,989
Deferred tax assets	39	50,011	48,585
Other assets		23,666	47,477
Total assets		7,660,713	7,520,739

As at 31 December 2018

		As at 31 December
Note		2018 HK$ million	2017 HK$ million
Liabilities
Borrowing from central banks		327,629	284,818
Deposits from banks and non-bank financial institutions	40	888,966	954,638
Placements from banks and non-bank financial institutions	41	129,163	90,131
Financial liabilities at fair value through profit or loss		1,468	–
Derivative financial instruments	23	37,676	80,075
Trade and other payables	42	171,093	226,110
Amounts due to customers for contract work		N/A	3,334
Contract liabilities	25	18,535	N/A
Financial assets sold under repurchase agreements	43	138,589	160,902
Deposits from customers	44	4,159,924	4,056,158
Employee benefits payables		22,705	20,429
Income tax payable	39	11,551	13,446
Bank and other loans	45	156,678	142,442
Debt instruments issued	46	745,031	653,371
Provisions	47	9,713	5,474
Deferred tax liabilities	39	8,756	9,438
Other liabilities		22,576	26,332
Total liabilities		6,850,053	6,727,098
Equity	48
Share capital		381,710	381,710
Perpetual capital securities		–	7,873
Reserves		176,835	161,368
Total ordinary shareholders’ funds and perpetual capital securities		558,545	550,951
Non-controlling interests		252,115	242,690
Total equity		810,660	793,641
Total liabilities and equity		7,660,713	7,520,739

Approved and authorised for issue by the board of directors on 29 March 2019.

Director: Chang Zhenming

Director: Wang Jiong

The notes form part of these consolidated financial statements.