$CHKIF

CHINA SOUTHERN AIRLINES CO LTD

CIK:0001041668|SEC Filings

CONSOLIDATED INCOME STATEMENTS - CNY (¥) ¥ in Millions	12 Months Ended
CONSOLIDATED INCOME STATEMENTS - CNY (¥) ¥ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating revenue
Traffic revenue	¥ 80,901	¥ 95,279	¥ 87,027
Other operating revenue	6,158	6,365	5,534
Total operating revenue	87,059	101,644	92,561
Operating expenses
Flight operation expenses	51,241	45,569	37,545
Maintenance expenses	11,224	12,162	13,375
Aircraft and transportation service expenses	17,506	21,147	18,743
Promotion and selling expenses	4,355	4,705	5,007
General and administrative expenses	3,511	3,663	4,088
Depreciation and amortization	24,266	24,241	24,590
Impairment losses on property, plant and equipment, right-of-use assets and other assets	449	2,597	3,961
Others	2,710	2,256	1,802
Total operating expenses	115,262	116,340	109,111
Other net income	5,661	4,767	4,686
Operating losses	(22,542)	(9,929)	(11,864)
Interest income	457	675	322
Interest expense	(6,006)	(6,202)	(6,716)
Exchange (loss)/ gain, net	(3,619)	1,575	3,485
Share of associates' results	(13)	9	(776)
Share of joint ventures' results	304	271	309
Changes in fair value of financial assets / liabilities	(388)	(309)	53
Gain/(loss) on disposal of subsidiaries	215	0	(8)
Gain on disposal of associates	42	0	0
Loss before income tax	(31,550)	(13,910)	(15,195)
Income tax	(2,166)	2,894	3,368
Loss for the year	(33,716)	(11,016)	(11,827)
Loss attributable to:
Equity shareholders of the Company	(32,699)	(12,106)	(10,847)
Non-controlling interests	(1,017)	1,090	(980)
Loss for the year	¥ (33,716)	¥ (11,016)	¥ (11,827)
Loss per share
Basic and diluted (expressed in RMB per share)	¥ (1.9)	¥ (0.75)	¥ (0.77)

CONSOLIDATED CASH FLOW STATEMENTS - CNY (¥) ¥ in Millions	12 Months Ended
CONSOLIDATED CASH FLOW STATEMENTS - CNY (¥) ¥ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities
Cash generated from operating activities	¥ 5,807	¥ 15,277	¥ 10,727
Interest received	444	671	295
Interest paid	(6,359)	(6,354)	(6,646)
Income tax paid	(2,342)	(1,906)	(1,678)
Net cash (used in)/ generated from operating activities	(2,450)	7,688	2,698
Investing activities
Proceeds from disposal of property, plant and equipment and right-of-use assets	4,799	990	2,848
Dividends received from associates	34	26	91
Dividends received from joint ventures	97	237	246
Dividends received from other equity instrument investments and other non-current financial assets	8	7	20
Acquisition of term deposits	(648)	(60)	(898)
Proceeds from maturity of term deposits	698	120	654
Acquisition of property, plant and equipment and other assets	(11,696)	(17,137)	(11,061)
Acquisition of an associate		(3)
Proceeds from disposal of subsidiaries	724
Proceeds from disposal of associates	43
Proceeds from disposal of other equity instrument investments and other non-current financial assets	90
Proceeds from disposal of derivative financial instruments			51
Net cash used in investing activities	(5,851)	(15,820)	(8,049)
Financing activities
Proceeds from issuance of shares	6,046		15,951
Proceeds from bank borrowings	75,429	76,910	71,841
Proceeds from ultra-short-term financing bills	27,500	82,500	48,300
Proceeds from corporate bonds	3,900	9,000	25,000
Repayment of bank borrowings	(36,359)	(70,437)	(52,601)
Repayment of ultra-short-term financing bills	(39,600)	(68,900)	(59,800)
Repayment of corporate bonds	(7,500)	(3,749)	(2,655)
Capital element of lease rentals paid	(21,960)	(21,613)	(20,670)
Capital injections from non-controlling interests	116	1,128	3,802
Payment for purchase of non-controlling interest			(260)
Refund of aircraft lease deposits	13	49	69
Payments for aircraft lease deposits	(18)	(15)
Dividends paid to non-controlling interests	(909)	(687)	(32)
Net cash generated from financing activities	6,658	4,186	28,945
Net (decrease)/ increase in cash and cash equivalents	(1,643)	(3,946)	23,594
Cash and cash equivalents at January 1	21,456	25,419	1,849
Exchange gain/(loss) on cash and cash equivalents	76	(17)	(24)
Cash and cash equivalents at December 31	¥ 19,889	¥ 21,456	¥ 25,419

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CNY (¥) ¥ in Millions	Dec. 31, 2022	Dec. 31, 2021
Non-current assets
Property, plant and equipment, net	¥ 90,517	¥ 91,186
Construction in progress	33,300	31,847
Right-of-use assets	131,954	138,439
Goodwill	237	237
Interest in associates	2,588	2,637
Interest in joint ventures	3,618	3,341
Aircraft lease deposits	354	321
Other equity instrument investments	659	563
Other non-current financial assets	436	589
Derivative financial assets	27	0
Amounts due from related companies	357	151
Deferred tax assets	12,471	12,823
Other assets	2,274	3,211
Total non-current assets	278,792	285,345
Current assets
Inventories	1,387	1,652
Trade receivables	2,619	2,858
Other receivables	7,939	9,599
Cash and cash equivalents	19,889	21,456
Assets held for sale	709	1,292
Restricted bank deposits	174	158
Prepaid expenses and other current assets	619	736
Derivative financial assets	2	0
Amounts due from related companies	116	115
Total current assets	33,454	37,866
Current liabilities
Derivative financial liabilities	1,708	1,222
Borrowings	85,336	57,913
Lease liabilities	21,799	20,805
Trade payables	1,537	1,328
Contract liabilities	1,496	1,542
Sales in advance of carriage	3,383	3,716
Current income tax	312	844
Amounts due to related companies	435	363
Accrued expenses	17,636	15,479
Other liabilities	7,816	7,778
Total current liabilities	141,458	110,990
Non-current liabilities
Borrowings	34,444	38,354
Lease liabilities	72,963	81,944
Derivative financial liabilities	0	20
Other non-current liabilities	1,954	1,824
Amounts due to related companies	85	0
Provision for major overhauls	5,199	4,820
Deferred benefits and gains	760	725
Deferred tax liabilities	24	26
Total non-current liabilities	115,429	127,713
Net assets	55,359	84,508
Capital and reserves
Share capital	18,121	16,948
Reserves	23,154	50,903
Total equity attributable to equity shareholders of the Company	41,275	67,851
Non-controlling interests	14,084	16,657
Total equity	¥ 55,359	¥ 84,508