The following is a summary of principal related party transactions entered into by the Group with CMCC Group, for the years ended December 31, 2015, 2016 and 2017.
| 2017 | 2016 | 2015 | ||||||||||||
| Note | Million | Million | Million | |||||||||||
|
Telecommunications services revenue |
(i) | 47 | 159 | 474 | ||||||||||
|
Property leasing and management services revenue |
(ii) | 188 | 197 | 191 | ||||||||||
|
Property leasing and management services charges |
(ii) | 999 | 976 | 956 | ||||||||||
|
Network assets leasing charges |
(iii) | 2,494 | 2,738 | 4,376 | ||||||||||
|
Network capacity leasing charges |
(iii) | 1,047 | 2,696 | 4,757 | ||||||||||
|
Entrusted loans received |
(iv) | — | — | 8,592 | ||||||||||
|
Entrusted loans repaid |
(iv) | — | — | 18,834 | ||||||||||
|
Short-term bank deposits received |
(iv) | 8,611 | 5,552 | 7,274 | ||||||||||
|
Short-term bank deposits repaid |
(iv) | 5,552 | 7,274 | 4,181 | ||||||||||
|
Interest expenses |
(iv) | 21 | 7 | 194 | ||||||||||
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Note:
| (i) | The amounts represent telecommunications services settlement received/receivable from CMCC Group for the telecommunications project planning, design and construction services, telecommunications line and pipeline construction services, and telecommunications line maintenance services. |
| (ii) | The amount represents the rental and property management fees received/receivable from or paid/payable to CMCC Group in respect of offices, retail outlets and warehouses. |
| (iii) | The amounts represent the network assets leasing settlement paid/payable to CMCC Group, and the TD-SCDMA network capacity charges paid/payable to CMCC Group. On December 29, 2008, the Company entered into a network capacity leasing agreement with CMCC Group for the provision of TD-SCDMA related services. Based on the lease classification assessments, the Group does not substantially bear the risks and reward incidental to the ownership of the leased network assets, and accordingly the Group accounts for the network assets leasing and the network capacity leasing as operating leases. |
| (iv) | The amounts represent the entrusted loans/bank deposits received from or repaid to CMCC and interest expenses paid/payable to CMCC in respect of the entrusted loans/bank deposits. |