CHINA SOUTHERN AIRLINES CO LTD | CIK:0001041668 | 3

  • Filed: 4/26/2018
  • Entity registrant name: CHINA SOUTHERN AIRLINES CO LTD (CIK: 0001041668)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1041668/000119312518134851/0001193125-18-134851-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1041668/000119312518134851/znh-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001041668
  • Open this page in separate window: Click
  • ifrs-full:DisclosureOfCashFlowStatementExplanatory

    (b) Reconciliation of profit before income tax to cash generated from operating activities:

     

         Note      2017
    RMB million
         2016
    RMB million
         2015
    RMB million
     

    Profit before income tax

            8,874        7,661        6,118  

    Depreciation charges

         13        12,963        12,418        11,766  

    Other amortisation

         13        360        332        227  

    Amortisation of deferred benefits and gains

         13        (161 )       (131 )       (148 ) 

    Impairment losses on property, plant, equipment

         20        324        71        90  

    Share of associates’ results

         25        (431 )       (509 )       (460 ) 

    Share of joint ventures’ results

         26        (99 )       (102 )       (108 ) 

    Gain on disposal of property, plant and equipment and construction in progress

         15        (989 )       (557 )       (312 ) 

    Gain on deemed disposal of equity interest in a subsidiary

            —          (90 )       —    

    Fair value movement of derivative financial instruments

         29        64        —          —    

    Remeasurement of the originally held equity interests in a joint venture

         24(iv)        (109 )       —          —    

    Interest income

            (89 )       (89 )       (253 ) 

    Interest expense

         16        2,747        2,465        2,188  

    Dividend income from other investments in equity securities and available-for-sale financial assets

         27 & 28        (18 )       (14 )       (13 ) 

    Exchange (gain)/losses, net

            (642 )       3,368        5,516  

    (Increase)/decrease in inventories

            (34 )       18        55  

    Decrease/(increase) in trade receivables

            314        (409 )       103  

    (Increase)/decrease in other receivables

            (1,840 )       637        418  

    Decrease/(increase) in prepaid expenses and other current assets

            81        (224 )       (184 ) 

    Increase/(decrease) in net amounts due to related companies

            15        186        (153 ) 

    Increase/(decrease) in trade payables

            222        (597 )       843  

    (Decrease)/increase in sales in advance of carriage

            (567 )       1,289        1,030  

    Increase in accrued expenses

            223        2,066        695  

    Increase/(decrease) in other liabilities

            762        (186 )       (277 ) 

    Increase/(decrease) in deferred revenue

            430        86        (75 ) 

    Increase in provision for major overhauls

            719        194        630  

    Decrease in provision for early retirement benefits

            (3 )       (7 )       (20 ) 

    Increase/(decrease) in deferred benefits and gains

            362        (195 )       181  
         

     

     

        

     

     

        

     

     

     

    Cash generated from operating activities

            23,478        27,681        27,857