Page 122 - China Mobile Limited - Annual Report 2012

China Mobile Limited
Annual Report 2012
116
Notes to the Financial Statements
(Expressed in Renminbi unless otherwise indicated)
19 Interest In Associates
The Group
As at
31 December
2012
As at
31 December
2011
RMB million RMB million
Share of net assets of associates 48,343 43,794
Details of the associates are as follows:
Name of associate
Place of
incorporation
and operation
Proportion of
ownership
interest held by
a subsidiary Principal activity
Non-listed company
China Motion United Telecom Limited Hong Kong 30% Provision of telecommunications
services
Shenzhen China Motion
Telecom United Limited
PRC 30% Provision of telecommunications
services
Listed company
Shanghai Pudong Development
Bank Co., Ltd. (“SPD Bank”)
PRC 20% Provision of banking services
All the above investments in associates are owned by Guangdong Mobile, the Company’s wholly-owned subsidiary.
The carrying amounts of Group’s share of net assets of China Motion United Telecom Limited and Shenzhen China
Motion Telecom United Limited were nil. These two entities were in a net liability position based on their latest
management accounts as at 31 December 2011 and 2012.
As at 31 December 2012, the interests in associates include the investment in SPD Bank, which is a company listed
on The Shanghai Stock Exchange, the PRC.