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:DisclosureOfJointVenturesExplanatory

         2017
    RMB million
         2016
    RMB million
     

    Share of net assets

         1,015        1,522  
      

     

     

        

     

     

     

    All the Group’s joint ventures are unlisted without quoted market price. The particulars of the Group’s principal joint ventures as at December 31, 2017 are as follows:

     

                      Proportion of ownership
    interest held by
                
        

    Place of

    establishment/

    operation

        

    Group’s

    effective

    interest

       

    The

    Company

        Subsidiaries     

    Proportion

    of voting

    rights held

    by the Group

        Principal activity

    Guangzhou Aircraft Maintenance Engineering Co., Ltd. (”GAMECO”)

         PRC        50     50     —          50   Aircraft repair and
    maintenance services

    Guangzhou China Southern Zhongmian Dutyfree Store Co., Limited

         PRC        50     50     —          50   Sales of duty free

    goods in flight

    China Southern West Australian Flying College Pty Ltd. (“Flying College”)

         Australia        48.12     48.12     —          50   Pilot training

    services