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Net movement in the fair value reserve during the year
2,333
134
(CNY million)
2020
2019
Translation differences on foreign operations:
Recognised during the year
(3,995)
1,820
Reclassification adjustments for amounts transferred to profit or loss:
– Disposal of subsidiaries
8
55
– Disposal of an associate and a joint venture
–
6
Net movement in the translation reserve during the year
(3,987)
1,881
108
Huawei Investment & Holding Co., Ltd.
14 Goodwill and intangible assets
(CNY million)
Goodwill
Software
Patents
and royalties
(note (a))
Trademark
and others
Total
Cost:
At January 1, 2019
4,382
2,690
10,649
963
18,684
Exchange adjustments
115
12
12
3
142
Additions
–
642
1,674
1,409
3,725
Acquisition of subsidiaries
108
29
277
20
434
Reclassified as assets held for sale
(136)
–
(111)
(156)
(403)
Disposals
–
(967)
(1,080)
(139)
(2,186)
At December 31, 2019
4,469
2,406
11,421
2,100
20,396
At January 1, 2020
4,469
2,406
11,421
2,100
20,396
Exchange adjustments
(250)
(20)
(16)
(20)
(306)
Additions
–
549
3,105
1,013
4,667
Acquisition of a subsidiary
21
–
–
538
559
Reclassified as assets held for sale
–
(4)
(51)
(30)
(85)
Disposals
–
(192)
(1,080)
(303)
(1,575)
At December 31, 2020
4,240
2,739
13,379
3,298
23,656
Amortisation and impairment:
At January 1, 2019
4,005
1,950
4,255
510
10,720
Exchange adjustments
97
9
10
4
120
Amortisation for the year
–
513
1,802
632
2,947
Impairment loss
–
11
–
–
11
Reclassified as assets held for sale
–
–
(10)
(54)
(64)
Disposals
–
(964)
(1,059)
(137)
(2,160)
At December 31, 2019
4,102
1,519
4,998
955
11,574
At January 1, 2020
4,102
1,519
4,998
955
11,574
Exchange adjustments
(243)
(16)
(27)
(15)
(301)
Amortisation for the year
–
495
1,986
804
3,285
Impairment loss
17
25
1,324
–
1,366
Reclassified as assets held for sale
–
(3)
(8)
(7)
(18)
Disposals
–
(191)
(967)
(261)
(1,419)
At December 31, 2020
3,876
1,829
7,306
1,476
14,487
Carrying amount:
At December 31, 2020
364
910
6,073
1,822
9,169
At December 31, 2019
367
887
6,423
1,145
8,822
2020 Annual Report
109
(a) As at December 31, carrying amounts of patents and royalties are analysed as
follows:
(CNY million)
2020
2019
Patents
3,612
3,286
Royalties
2,461
3,137
6,073
6,423
(b)
Based on the use of the related assets, the amortisation charge for the year is allocated to Cost of sales,
Research and development expenses, Selling and administrative expenses. Impairment losses are mainly
recognised on certain intangible assets with recoverable amounts less than carrying amounts as a result of
the Events and are charged to Cost of sales and Other income, net in the summary consolidated statement of
profit or loss and other comprehensive income.
(c)
As at December 31, 2020 and 2019, all of the carrying amount of goodwill is allocated across multiple CGUs
and the amount so allocated to each unit is not significant.
(d)
As at December 31, 2020 and 2019, the Group did not hold any intangible assets whose title is restricted or
pledged as security for liabilities.
110
Huawei Investment & Holding Co., Ltd.
15 Property, plant and equipment
(CNY million)
Freehold land
Buildings
Machinery
Electronic
and other
equipment
Motor vehicles
Construction
in progress
Investment
property
Decoration
and leasehold
improvements
Total
Cost:
At January 1, 2019
434
22,111
22,660
42,868
566
14,998
323
18,337
122,297
Exchange adjustments
16
24
20
193
(2)
(16)
25
66
326
Additions
1
227
4,230
4,138
84
32,330
–
108
41,118
Acquisition of subsidiaries
–
–
–
1
–
–
–
1
2
Transfer from construction in
progress
–
4,759
6,547
16,934
3
(33,229)
–
4,986
–
Disposals
–
(385)
(446)
(1,528)
(60)
(108)
–
(415)
(2,942)
Reclassified as assets held
for sale
–
–
(18)
(20)
(1)
(1)
–
(2)
(42)
Hyperinflation adjustments
–
–
1
72
1
–
–
16
90
At December 31, 2019
451
26,736
32,994
62,658
591
13,974
348
23,097
160,849
At January 1, 2020
451
26,736
32,994
62,658
591
13,974
348
23,097
160,849
Exchange adjustments
(24)
(191)
(171)
(1,115)
(12)
(96)
(12)
(257)
(1,878)
Additions
1
2,428
1,708
1,499
25
40,912
25
1,319
47,917
Acquisition of a subsidiary
–
–
–
1
–
–
–
–
1
Transfer from construction in
progress
–
2,019
6,067
20,643
13
(31,888)
–
3,146
–
Disposals
–
(19)
(249)
(1,807)
(31)
(2)
–
(317)
(2,425)
Reclassified as assets held
for sale
–
–
(1,170)
(869)
–
–
–
–
(2,039)
Hyperinflation adjustments
–
–
1
132
8
7
–
26
174
At December 31, 2020
428
30,973
39,180
81,142
594
22,907
361
27,014
202,599
Accumulated depreciation
and impairment:
At January 1, 2019
–
4,262
8,403
24,672
356
7
88
9,847
47,635
Exchange adjustments
–
2
5
109
(1)
–
1
31
147
Depreciation charge for the
year
–
430
3,369
10,834
73
–
9
2,920
17,635
Impairment loss
–
–
31
62
–
8
–
22
123
Disposals
–
(273)
(362)
(1,386)
(53)
(5)
–
(386)
(2,465)
Reclassified as assets held
for sale
–
–
(3)
(9)
–
–
–
(1)
(13)
Hyperinflation adjustments
–
–
–
54
1
–
–
13
68
At December 31, 2019
–
4,421
11,443
34,336
376
10
98
12,446
63,130
At January 1, 2020
–
4,421
11,443
34,336
376
10
98
12,446
63,130
Exchange adjustments
–
(17)
(40)
(531)
(11)
–
(2)
(124)
(725)
Depreciation charge for the
year
–
923
4,289
14,346
71
–
6
2,912
22,547
Impairment loss
–
–
1,310
483
–
5
–
189
1,987
Disposals
–
–
(173)
(1,561)
(27)
(2)
–
(219)
(1,982)
Reclassified as assets held
for sale
–
–
(443)
(435)
–
–
–
–
(878)
Hyperinflation adjustments
–
–
–
112
4
–
–
26
142
At December 31, 2020
–
5,327
16,386
46,750
413
13
102
15,230
84,221
Carrying amount:
At December 31, 2020
428
25,646
22,794
34,392
181
22,894
259
11,784
118,378
At December 31, 2019
451
22,315
21,551
28,322
215
13,964
250
10,651
97,719
2020 Annual Report
111
Based on the use of related assets, the depreciation charge for the year is allocated to Cost of sales, Research and
development expenses, Selling and administrative expenses. Impairment losses are recognised on assets being
idle mainly as a result of the Events and are charged to Cost of sales and Other income, net in the summary
consolidated statement of profit or loss and other comprehensive income.
As at December 31, 2020 and 2019, the Group did not hold any property, plant and equipment as collateral for
liabilities or contingent liabilities.
Investment property
The fair value of investment property as at December 31, 2020 is estimated by management to be CNY380 million
(2019: CNY417 million).
The fair value of investment property is determined by the Group with reference to market conditions and
discounted cash flow forecasts, taking into account current lease agreements on an arm’s-length basis.
16 Interests in associates and joint ventures
(CNY million)
2020
2019
Associates
1,672
674
Joint ventures
167
57
1,839
731
Associates and joint ventures are accounted for using the equity method. None of the associates and joint
ventures is individually significant.
Aggregate carrying amounts and summarised financial information of associates and joint ventures are as follows:
Associates
Joint ventures
(CNY million)
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