Below are the financial statements of China Mengniu Dairy, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of CNY | 2024 | 2023 |
---|---|---|
Non-current assets | — | — |
Property, plant and equipment | 20,905.22a | 21,715.38a |
Construction in progress | 2,278.03a | 2,348.78a |
Investment properties | 57.78a | 59.42a |
Right-of-use assets | 2,584.72a | 2,733.5a |
Goodwill | 7,677.84a | 8,952.28a |
Other intangible assets | 8,829.05a | 12,618a |
Investments in associates | 9,648.89a | 10,408.63a |
Deferred tax assets | 930.17a | 1,434.2a |
Derivative financial instruments | 241.79a | 324.51a |
Other financial assets | 16,205.55a | 20,147.28a |
Long-term prepayments | 1,165.98a | 349.71a |
Total non-current assets | 70,525.01a | 81,091.69a |
Current assets | — | — |
Other financial assets | 8,138.86a | 8,531.77a |
Derivative financial instruments | 8.58a | 23.49a |
Inventories | 4,936.67a | 6,088.45a |
Trade and bills receivables | 3,261.86a | 3,668.6a |
Prepayments, other receivables and other assets | 1,979.28a | 3,095.55a |
Pledged deposits | 103.38a | 276.59a |
Cash and bank balances | 17,339.16a | 12,443.8a |
Total current assets | 35,767.79a | 34,128.26a |
Current liabilities | — | — |
Trade and bills payables | 8,647.23a | 9,499.44a |
Other payables and accruals | 11,244.09a | 12,892.17a |
Interest-bearing bank and other borrowings | 16,661.58a | 9,806.94a |
Derivative financial instruments | 38.28a | 0a |
Income tax payable | 370.79a | 340.85a |
Other financial liabilities | 44.61a | 54.66a |
Total current liabilities | 37,006.56a | 32,594.06a |
Net current (liabilities)/assets | -1,238.78a | 1,534.2a |
Total assets less current liabilities | 69,286.23a | 82,625.89a |
Non-current liabilities | — | — |
Interest-bearing bank and other borrowings | 17,975.63a | 27,603.82a |
Deferred income | 728.27a | 636.19a |
Deferred tax liabilities | 2,556.84a | 3,729.71a |
Derivative financial instruments | 0a | 4.46a |
Total non-current liabilities | 21,260.74a | 31,974.18a |
Net assets | 48,025.49a | 50,651.71a |
Equity | — | — |
Equity attributable to owners of the Company | 41,562.29a | 44,319.96a |
Share capital | 356.66a | 358.14a |
Shares held under share award scheme | -114.29a | -148.34a |
Treasury shares | -17.98a | 0a |
Other reserves | 8,105.17a | 10,045.2a |
Retained earnings | 33,232.73a | 34,064.96a |
Non-controlling interests | 6,463.2a | 6,331.75a |
Total equity | 48,025.49a | 50,651.71a |
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