Page 117 - China Mobile Limited - Annual Report 2012

China Mobile Limited
Annual Report 2012
111
Notes to the Financial Statements
(Expressed in Renminbi unless otherwise indicated)
18 Investments In Subsidiaries
The Company
As at
31 December
2012
As at
31 December
2011
RMB million RMB million
Unlisted equity, at cost 471,810 471,810
Equity share-based payment in subsidiaries 4,972 4,972
476,782 476,782
In accordance with IFRS/HKFRS 2 Share-based Payment, share-based payment transactions in which an entity
receives services from its employees as consideration for equity instruments of the entity are accounted for as equity-
settled transactions (see note 1(u)(ii)). The Company has recognized the grant of equity instruments to its subsidiaries’
employees amounting to RMB4,972,000,000 (2011: RMB4,972,000,000) as capital contributions to its subsidiaries.
Amounts due from subsidiaries under current assets are unsecured, interest free, repayable on demand and arose in
the ordinary course of business. As at 31 December 2012, amount due to a subsidiary under non-current liabilities
represented an amount due to China Mobile Group Guangdong Co., Ltd. (“Guangdong Mobile”) in relation to the
guaranteed bonds. The amount was unsecured and interest free (see note 31(a)).
The following list contains only the particulars of subsidiaries which principally affected the results, assets or liabilities of
the Group. The class of shares held is ordinary unless otherwise stated.
Name of company
Place of
incorporation
and operation
Particulars of issued
and paid up capital
Proportion of ownership interest
Principal activity
Held by the
Company
Held by a
subsidiary
China Mobile
Communication
(BVI) Limited
BVI 1 share at HK$1 100% – Investment holding
company
China Mobile
Communication
Co., Ltd. (“CMC”) *
PRC RMB1,641,848,326 – 100% Network and business
coordination center
Guangdong Mobile PRC RMB5,594,840,700 – 100% Mobile telecom-
munications operator
China Mobile Group
Zhejiang Co., Ltd.
PRC RMB2,117,790,000 – 100% Mobile telecom-
munications operator
China Mobile Group
Jiangsu Co., Ltd.
PRC RMB2,800,000,000 – 100% Mobile telecom-
munications operator
China Mobile Group
Fujian Co., Ltd.
PRC RMB5,247,480,000 – 100% Mobile telecom-
munications operator