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