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annual report 2020 en

11 Finance income and expenses
(CNY million)
Note
2020
2019
Interest income on financial assets measured  
at amortised cost
– deposits and wealth management products
3,828
6,228
other financial assets
691
480
Interest income on financial assets measured at FVOCI
83
128
Dividend income
750
634
Net gains on non-derivative financial assets mandatorily 
measured at FVPL
(i)
1,913
28
Net gains on disposal of financial assets measured at FVOCI
13(b)

78
Interest income on lease receivables
33
22
Finance income
7,298
7,598
Interest expense on loans and borrowings
(4,779)
(4,807)
Interest cost on employee benefit obligations
(600)
(637)
Interest expense on lease liabilities
29(a)(ii)
(420)
(374)
Other interest expense
(229)
(252)
Net foreign exchange loss
(1,638)
(1,340)
Impairment loss reversals
5

Bank charges
(4)
(10)
Finance expenses
(7,665)
(7,420)
Net finance (expenses)/income
(367)
178
(i)  Non-derivative financial assets mandatorily measured at FVPL mainly represent investment funds and equity 
securities measured at FVPL.
(ii) During the year ended December 31, 2020, interest expenses of CNY5 million were capitalised (2019: nil).

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