SINOPEC SHANGHAI PETROCHEMICAL CO LTD | CIK:0000908732 | 3

  • Filed: 4/27/2018
  • Entity registrant name: SINOPEC SHANGHAI PETROCHEMICAL CO LTD (CIK: 0000908732)
  • Generator: Unknown
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/908732/000119312518138156/0001193125-18-138156-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/908732/000119312518138156/shi-20171231.xml
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  • ifrs-full:DisclosureOfReconciliationOfSummarisedFinancialInformationOfAssociateAccountedForUsingEquityMethodToCarryingAmountOfInterestInAssociateExplanatory

    2016    Shanghai
    Secco
    RMB’000
        Chemical
    Industry
    RMB’000
        Jinsen
    RMB’000
        Azbil
    RMB’000
     

    Opening net assets 1 January

         8,893,798       3,795,350       206,986       112,315  

    Profit/(loss) for the year

         3,753,476       513,804       (16,394 )      16,278  

    Other comprehensive income

         —         47,603       —         —    

    Declared dividends

         (2,451,000 )      (45,000 )      (7,340 )      (18,000 ) 
      

     

     

       

     

     

       

     

     

       

     

     

     

    Closing net assets

         10,196,274       4,311,757       183,252       110,593  
      

     

     

       

     

     

       

     

     

       

     

     

     

    % of ownership interest

         20.00 %      38.26 %      40.00 %      40.00 % 

    Interest in associates

         2,039,256       1,649,677       73,301       44,237  

    Unrealized upstream and downstream transaction

         (7,979 )      —         —         —    
      

     

     

       

     

     

       

     

     

       

     

     

     

    Unentitled portion (Note a)

         —         (348,600 )      —         —    
      

     

     

       

     

     

       

     

     

       

     

     

     

    Carrying value

         2,031,277       1,301,077       73,301       44,237  
      

     

     

       

     

     

       

     

     

       

     

     

     
    2017    Shanghai
    Secco
    RMB’000
        Chemical
    Industry
    RMB’000
        Jinsen
    RMB’000
        Azbil
    RMB’000
     

    Opening net assets 1 January

         10,196,274       4,311,757       183,252       110,593  

    Profit/(loss) for the year

         5,179,254       407,709       (17,069 )      26,182  

    Other comprehensive income

         —         (2,116 )      —         —    

    Declared dividends

         (2,105,600 )      (53,001 )      —         (17,000 ) 
      

     

     

       

     

     

       

     

     

       

     

     

     

    Closing net assets

         13,269,928       4,664,349       166,183       119,775  
      

     

     

       

     

     

       

     

     

       

     

     

     

    % of ownership interest

         20 %      38.26 %      40.00 %      40.00 % 

    Interest in associates

         2,653,987       1,784,580       66,473       47,910  

    Unrealized upstream and downstream transaction

         (9,512 )      —         —         —    

    Unentitled portion (Note a)

         —         (348,346 )      —         —    
      

     

     

       

     

     

       

     

     

       

     

     

     

    Carrying value

         2,644,475       1,436,234       66,473       47,910  
      

     

     

       

     

     

       

     

     

       

     

     

     

    Note a: Unentitled portion represented the earnings from sales of the lands injected by Government in Chemical Industry cannot be shared by other shareholders.