Capital, Reserves and Dividends (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Share Capital

Ordinary shares, issued and fully paid:

Number

HK$

Equivalent
RMB

of shares

Million

As of January 1 and December 31, 2018 and 2019

20,475,482,897

382,263

402,130

Summary of Dividends

(b)

Dividends

(i)

Dividends attributable to the year:


	2019		2018		2017
	Million		Million		Million
Ordinary interim dividend declared and paid of HK$1.527 (equivalent to approximately RMB1.343) (2018: HK$1.826 (equivalent to approximately RMB1.540); 2017: HK$1.623 (equivalent to approximately RMB1.409)) per share		28,206		32,870		28,211
Special dividend declared and paid of HK$3.200 (equivalent to approximately RMB2.777) per share in 2017		—		—		55,621
Ordinary final dividend proposed after the balance sheet date of HK$1.723 (equivalent to approximately RMB1.543 million) (2018: HK$1.391 (equivalent to approximately RMB1.219); 2017: HK$1.582 (equivalent to approximately RMB1.322)) per share		31,602		24,955		27,077

	59,808		57,825		110,909

The proposed ordinary final dividend, which is declared in Hong Kong dollar is translated into RMB with reference to the rate HK$1 = RMB0.89578, being the rate announced by the State Administration of Foreign Exchange in the PRC on December 31, 2019. As the ordinary final dividend was declared after the balance sheet date, such dividend is not recognized as liability as of December 31, 2019.

In accordance with the 2009 Notice and the PRC enterprise income tax law, the Company is required to withhold enterprise income tax equal to 10% of any dividend, when it is distributed to

non-resident

enterprise shareholders whose names appeared on the Company’s register of members, as of the record date for such dividend, and who were not individuals.

(ii)

Dividends attributable to the previous financial year, approved and paid during the year:


	2019		2018		2017
	Million		Million		Million
Ordinary final dividend in respect of the previous financial year, approved and paid during the year, of HK$1.391 (equivalent to approximately RMB1.219) (2018: HK$1.582 (equivalent to approximately RMB1.322); 2017: HK$1.243 (equivalent to approximately RMB1.112)) per share		25,059		27,060		22,204