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

participation in the financial and operating 
policy decisions.
A joint venture is an arrangement whereby the 
Group and other parties contractually agree 
to share control of the arrangement, and have 
rights to the net assets of the arrangement.
An investment in an associate or a joint 
venture is accounted for in the consolidated 
financial statements using the equity method 
until the date on which significant influence or 
joint control ceases. It is initially recognised at 
cost and subsequently adjusted to include the 
Group’s share of the profit or loss and other 
comprehensive income (OCI).
Unrealised profits and losses resulting from 
transactions between the Group and its 
associates and joint ventures are eliminated 
to the extent of the Group’s interest in the 
investee, except where unrealised losses 
provide evidence of an impairment of the asset 
transferred, in which case they are recognised 
immediately in profit or loss.
(e) Financial  instruments