| 25 | Interest in associates |
| 2017 RMB million |
2016 RMB million |
|||||||
|
Share of net assets |
3,031 | 2,590 | ||||||
|
|
|
|
|
|||||
All the Group’s associates are unlisted without quoted market price. The particulars of the Group’s principal associates as at December 31, 2017 are as follows:
| Proportion of ownership interest held by |
||||||||||||||||||||||
|
Place of / operation |
Group’s effective interest |
The Company |
Subsidiaries |
Proportion of voting rights held by the Group |
Principal activity | |||||||||||||||||
|
Southern Airlines Group Finance Co., Ltd. (“SA Finance”) |
PRC | 33.98 | % | 25.28 | % | 8.70 | % | 33.98 | % | Provision of Airlines financial services |
||||||||||||
|
Sichuan Airlines Co., Ltd. (“Sichuan Airlines”) |
PRC | 39 | % | 39 | % | — | 39 | % | Airline transportation |
|||||||||||||
|
SACM |
PRC | 40 | % | 40 | % | — | 40 | % | Advertising services | |||||||||||||
|
Xinjiang Civil Aviation Property Management Limited |
PRC | 42.80 | % | 42.80 | % | — | 42.80 | % |
Property management |
|||||||||||||
There is no associate that is individually material to the Group.
The Group has interests in a number of individually immaterial associates that are accounted for using the equity method. The aggregate financial information of these associates is summarized as following:
| 2017 RMB million |
2016 RMB million |
2015 RMB million |
||||||||||
|
Aggregate carrying amount of individually immaterial associates |
3,031 | 2,590 | 1,995 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Aggregate amounts of the Group’s share of: |
||||||||||||
|
Profit from continuing operations |
431 | 509 | 460 | |||||||||
|
Other comprehensive income |
2 | (2 | ) | (7 | ) | |||||||
|
|
|
|
|
|
|
|||||||
|
Total comprehensive income |
433 | 507 | 453 | |||||||||
|
|
|
|
|
|
|
|||||||