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
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  • ifrs-full:DisclosureOfOperatingSegmentsExplanatory

    The segment results of the Group for the year ended December 31, 2017 are as follows:

     

         Airline
    transportation
    operations
         Other
    segments
         Elimination     Unallocated*     Total  
         RMB million      RMB million      RMB million     RMB million     RMB million  

    Revenue from external customers

         126,077        1,412        —         —         127,489  

    Inter-segment sales

         159        2,823        (2,982     —         —    
      

     

     

        

     

     

        

     

     

       

     

     

       

     

     

     

    Reportable segment revenue

         126,236        4,235        (2,982     —         127,489  
      

     

     

        

     

     

        

     

     

       

     

     

       

     

     

     

    Reportable segment profit before taxation

         7,708        529        —         561       8,798  
      

     

     

        

     

     

        

     

     

       

     

     

       

     

     

     

    Reportable segment profit after taxation

         5,875        381        —         577       6,833  
      

     

     

        

     

     

        

     

     

       

     

     

       

     

     

     

    Other segment information

                

    Income tax

         1,833        148        —         (16     1,965  

    Interest income

         74        15        —         —         89  

    Interest expense

         2,724        23        —         —         2,747  

    Depreciation and amortization

         13,112        201        —         —         13,313  

    Impairment loss

         440        2        —         —         442  

    Share of associates’ results

         —          —          —         420       420  

    Share of joint ventures’ results

         —          —          —         99       99  

    Remeasurement of the originally held equity interests in a joint venture

         —          —          —         88       88  

    Fair value movement of derivative financial instruments

         —          —          —         (64     (64

    Non-current assets additions during the year#

         30,776        1,828        —         —         32,604  
      

     

     

        

     

     

        

     

     

       

     

     

       

     

     

     

     

    The segment results of the Group for the year ended December 31, 2016 are as follows:

     

         Airline
    transportation
    operations
         Other
    segments
         Elimination     Unallocated*      Total  
         RMB million      RMB million      RMB million     RMB million      RMB million  

    Revenue from external customers

         113,490        1,302        —         —          114,792  

    Inter-segment sales

         101        2,231        (2,332     —          —    
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    Reportable segment revenue

         113,591        3,533        (2,332     —          114,792  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    Reportable segment profit before taxation

         6,471        459        —         717        7,647  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    Reportable segment profit after taxation

         4,834        337        —         717        5,888  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    Other segment information

                 

    Income tax

         1,637        122        —         —          1,759  

    Interest income

         79        10        —         —          89  

    Interest expense

         2,458        7        —         —          2,465  

    Depreciation and amortization

         12,693        96        —         —          12,789  

    Impairment loss

         127        3        —         —          130  

    Share of associates’ results

         —          —          —         511        511  

    Share of joint ventures’ results

         —          —          —         102        102  

    Gain on deemed disposal of a subsidiary

         —          —          —         90        90  

    Non-current assets additions during the year#

         29,126        120        —         —          29,246  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

     

    The segment results of the Group for the year ended December 31, 2015 are as follows:

     

         Airline
    transportation
    operations
         Other
    segments
         Elimination     Unallocated*      Total  
         RMB million      RMB million      RMB million     RMB million      RMB million  

    Revenue from external customers

         110,067        1,400        —         —          111,467  

    Inter-segment sales

         114        1,528        (1,642     —          —    
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    Reportable segment revenue

         110,181        2,928        (1,642     —          111,467  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    Reportable segment profit before taxation

         5,480        279        —         582        6,341  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    Reportable segment profit after taxation

         4,199        205        —         582        4,986  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    Other segment information

                 

    Income tax

         1,281        74        —         —          1,355  

    Interest income

         244        9        —         —          253  

    Interest expense

         2,156        32        —         —          2,188  

    Depreciation and amortization

         11,915        97        —         —          12,012  

    Impairment loss

         105        3        —         —          108  

    Share of associates’ results

         —          —          —         462        462  

    Share of joint ventures’ results

         —          —          —         107        107  

    Non-current assets additions during the year#

         24,242        98        —         —          24,340  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    The segment assets and liabilities of the Group as at December 31, 2017 and December 31, 2016 are as follows:

     

         Airline
    transportation
    operations
         Other
    segments
         Elimination     Unallocated*      Total  
         RMB million      RMB million      RMB million     RMB million      RMB million  

    As at December 31, 2017

                 

    Reportable segment assets

         208,116        5,799        (402     4,816        218,329  

    Reportable segment liabilities

         154,391        2,111        (402     64        156,164  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

    As at December 31, 2016

                 

    Reportable segment assets

         192,881        3,201        (376     4,755        200,461  

    Reportable segment liabilities

         144,768        1,355        (370     —          145,753  
      

     

     

        

     

     

        

     

     

       

     

     

        

     

     

     

     

    * Unallocated assets primarily include goodwill, interest in associates and joint ventures, available-for-sale financial assets, derivative financial instruments and other investments in equity securities. Unallocated results primarily include the share of results of associates and joint ventures, dividend income from available-for-sale financial assets and other investments in equity securities, remeasurement of the originally held equity interests in a joint venture, gain on deemed disposal of a subsidiary, and the fair value movement of derivative financial instruments recognized through profit or loss.
    # The additions of non-current assets do not include goodwill, interests in associates and joint ventures, other investments in equity securities, available-for-sale financial assets, derivative financial instruments and deferred tax assets.