Deferred Tax Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

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Analysis of Deferred Tax Assets and Liabilities

The analysis of deferred tax assets and liabilities are as follows:

	As of			As of
	December 31, 2019			December 31, 2018
	Million			Million
Deferred tax assets:
- Deferred tax asset to be recovered after 12 months		3,519			2,982
- Deferred tax asset to be recovered within 12 months		29,109			26,672
		32,628			29,654
Deferred tax liabilities:
- Deferred tax liabilities to be settled after 12 months		(857	)		(598	)
- Deferred tax liabilities to be settled within 12 months		(531	)		(224	)
		(1,388	)		(822	)

Deferred Tax Assets and Liabilities Recognized and Movements During the Period

Deferred tax assets and liabilities recognized and the movements during 2019

	As of December 31, 2018 (As previously reported)			Changes in accounting policies (Note 3)		As of January 1, 2019 (As restated)			(Charged)/ credited to profit or loss			Charged to other comprehensive income			Exchange differences			As of December 31, 2019
	Million			Million		Million			Million			Million			Million			Million
Net deferred tax assets after offsetting:
Write-down of obsolete inventories		75			—		75			(62	)		—			—			13
Depreciation, write-off and impairment of property, plant and equipment		5,289			—		5,289			833			—			—			6,122
Accrued expenses and others		17,715			—		17,715			1,003			—			—			18,718
Deferred revenue from Reward Program		5,784			—		5,784			(299	)		—			—			5,485
Credit impairment losses		1,458			—		1,458			179			—			—			1,637
Recognition of right-of-use assets and lease liabilities		—			488		488			281			—			—			769
Change in value of financial assets at FVOCI		(6	)		—		(6	)		—			(1	)		—			(7	)
Contract asset, contract liability and contract cost relating to customer contract		(661	)		—		(661	)		552			—			—			(109	)
		29,654			488		30,142			2,487			(1	)		—			32,628
Net deferred tax liabilities after offsetting:
Depreciation of property, plant and equipment		(1,117	)		—		(1,117	)		(1,152	)		—			(13	)		(2,282	)
Recognition of right-of-use assets and lease liabilities		—			16		16			45			—			—			61
Deferred revenue from Reward Program		157			—		157			109			—			—			266
Accrued expenses and others		138			—		138			427			—			2			567
		(822	)		16		(806	)		(571	)		—			(11	)		(1,388	)
Total		28,832			504		29,336			1,916			(1	)		(11	)		31,240

Deferred tax assets and liabilities recognized and the movements during 2018

	As of January 1, 2018			(Charged)/ credited to profit or loss			Charged to other comprehensive income		Exchange differences			As of December 31, 2018
	Million			Million			Million		Million			Million
Net deferred tax assets after offsetting:
Write-down of obsolete inventories		120			(45	)		—		—			75
Depreciation, write-off and impairment of property, plant and equipment		7,082			(1,793	)		—		—			5,289
Accrued expenses and others		18,934			(1,219	)		—		—			17,715
Deferred revenue from Reward Program		5,943			(159	)		—		—			5,784
Credit impairment losses		1,294			164			—		—			1,458
Change in value of financial assets at FVOCI		(6	)		—			—		—			(6	)
Contract asset, contract liability and contract cost relating to customer contract		(2,879	)		2,218			—		—			(661	)
		30,488			(834	)		—		—			29,654
Net deferred tax liabilities after offsetting:
Depreciation of property, plant and equipment		(362	)		(736	)		—		(19	)		(1,117	)
Others		—			296			—		(1	)		295
		(362	)		(440	)		—		(20	)		(822	)
Total		30,126			(1,274	)		—		(20	)		28,832