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

part of the Group’s cash management are also 
included as a component of cash and cash 
equivalents for the purpose of the consolidated 
statement of cash flows.

---

2020 Annual Report
 
       
93
(m) Employee  benefits
(i) Short-term employee benefits, 
contributions to defined contribution 
retirement plans and other long-term 
employee benefits
Salaries, profit-sharing and bonus payments, 
paid annual leave and contributions to defined 
contribution retirement plans and  
non-monetary benefits are recognised as 
liabilities and in profit or loss or in the cost 
of related assets in the period in which the 
associated services are rendered by employees. 
Where payment or settlement is expected 
to be made 12 months after the end of the 
reporting period, these amounts are discounted 
and stated at their present values.