Founded in 1987, Huawei is a leading global provider of information and communications

(ii) Subsidiaries
The financial statements consolidate the 
results, assets, liabilities and cash flows of all 
subsidiaries which the Group controls.
Subsidiaries are consolidated from the date 
that control commences until the date 
that control ceases. Intra-group balances, 
transactions, cash flows and any unrealised 
gains arising from intra-group transactions 
are eliminated in preparing the consolidated 
financial statements. Unrealised losses 
resulting from intra-group transactions are 
eliminated in the same way as unrealised gains 
but only to the extent that there is no evidence 
of impairment.
The Group controls an entity when it is 
exposed, or has rights, to variable returns 
from its involvement with the entity and has 
the ability to affect those returns through its 
power over the entity. When assessing whether 
the Group has power, only substantive rights 
are considered.