China Communications Services Corporation Limited Annual Report 2015
140
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
29. PREPAYMENTS AND OTHER CURRENT ASSETS
2015
2014
RMB’000
RMB’000
Advances to staff
172,833
224,602
Amounts due from CTC Group and other related parties
1,430,237
1,468,131
Prepayments in connection with construction work and equipment purchases
2,648,540
2,271,376
Prepaid expenses and deposits
709,866
590,965
Others
1,911,598
1,278,113
6,873,074
5,833,187
The amounts due from CTC Group and other related parties are unsecured, interest-free and are expected to be recovered
within one year.
30. RESTRICTED DEPOSITS
Restricted deposits represent cash in bank pledged as deposits for bills payable and cash held in dedicated bank accounts
for certain construction projects, and deposits with original maturity over three months. Restricted deposits carry interest at
prevailing market interest rates.
31. CASH AND CASH EQUIVALENTS
2015
2014
RMB’000
RMB’000
Cash at bank and in hand
8,748,298
6,331,789
Deposits at bank with original maturity less than three months
787,553
981,726
Cash and cash equivalents
9,535,851
7,313,515
Bank balances carry interest at prevailing market interest rates.
RMB is not a freely convertible currency and the remittance of funds out of the PRC is subject to the exchange restrictions
imposed by the PRC government.
