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38 Huawei Investment & Holding Co., Ltd. 2014 Annual Report
Net Finance Expenses
CNY Million 2014 2013 YoY
Net foreign exchange loss 2,135 3,686 (42.1%)
Other net finance gains/losses (680) 256 (365.6%)
Total net finance expenses 1,455 3,942 (63.1%)
Net finance expenses in 2014 amounted to CNY1,455 million, a decrease of CNY2,487 million from 2013. This was
attributable to a decline of CNY1,551 million year-on-year in exchange loss coupled with a decrease of CNY936
million year-on-year in other net finance gains/losses.
Financial Position
CNY Million
December 31,
2014
December 31,
2013
Restated
YoY
Non-current assets 52,668 44,688 17.9%
Current assets 257,105 199,403 28.9%
Total assets 309,773 244,091 26.9%
Among which: Cash and short-term investments 106,036 81,944 29.4%
Trade receivables 75,845 72,351 4.8%
Inventory 46,576 24,929 86.8%
Non-current liabilities 31,249 33,602 (7.0%)
Among which: Long-term borrowings 17,578 19,990 (12.1%)
Current liabilities 178,539 124,223 43.7%
Among which: Short-term borrowings* 10,530 3,043 246.0%
Trade payables 45,144 31,290 44.3%
Owner's equity 99,985 86,266 15.9%
Total liabilities and owner's equity 309,773 244,091 26.9%
* Long-term borrowings that will mature within one year amount to CNY8,639 million.
As of December 31, 2014, the cash and short-term investment balance reached CNY106,036 million, up 29.4%
year-on-year.