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CITIC LIMITED
Notes to the Consolidated Financial Statements
For the six months ended 30 June 2016
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14 Segment reporting
(continued)
(b) Geographical information
An analysis of the Group’s revenue and total assets by geographical area are as follows:
Revenue from external customers Reportable segment assets
Six months ended 30 June
30 June
31 December
2016
2015 (Restated)
2016
2015
HK$ million
HK$ million
HK$ million
HK$ million
Mainland China
155,249
162,847
6,758,928
6,312,332
Hong Kong and Macau
16,797
20,391
383,789
380,549
Overseas
11,928
13,324
122,100
110,428
183,974
196,562
7,264,817
6,803,309
15 Cash and deposits
30 June
2016
31 December
2015
HK$ million
HK$ million
Cash
7,937
8,827
Bank deposits
62,521
63,166
Balances with central banks (note (i)):
– Statutory deposit reserve funds (note (ii))
512,644
519,487
– Surplus deposit reserve funds (note (iii))
173,102
75,983
– Foreign exchange reserves (note (iv))
16,909
4,078
– Fiscal deposits (note (v))
8,746
4,532
Deposits with banks and non-bank financial institutions
91,667
125,542
873,526
801,615
Notes:
(i)
The balances with central banks represent deposits placed with central banks by China CITIC Bank Corporation Limited (“CITIC Bank”)
and CITIC Finance Company Limited (“CITIC Finance”).
(ii)
CITIC Bank and CITIC Finance place statutory deposit reserves with the People’s Bank of China and overseas central banks where they
have operations. The statutory deposit reserves are not available for use in their daily business.
As at 30 June 2016, the statutory deposit reserve placed by CITIC Bank with the People’s Bank of China was calculated at 15% (31
December 2015: 15%) of eligible RMB deposits for domestic branches of CITIC Bank, and at 15% (31 December 2015: 0%) of eligible RMB
deposits from overseas financial institutions respectively. In addition, CITIC Bank is required to deposit an amount equivalent to 5% (31
December 2015: 5%) of its foreign currency deposits from domestic branch customers as statutory deposit reserve as at 30 June 2016.
As at 30 June 2016, the statutory RMB deposit reserve rate applicable to Zhejiang Lin’an CITIC Rural Bank Corporation Limited, a
subsidiary of CITIC Bank, was at 9% (31 December 2015: 9.5%).
The amounts of statutory deposit reserves placed with the central banks of overseas countries are determined by local jurisdictions. The
foreign currency reserve deposits placed with the People’s Bank of China are non-interest bearing.
As at 30 June 2016, the statutory deposit reserve placed by CITIC Finance with the People’s Bank of China was calculated at 7% (31
December 2015: 7.5%) of eligible RMB deposits from the customers of CITIC Finance. As at 30 June 2016, CITIC Finance is also required
to deposit an amount equivalent to 5% (31 December 2015: 5%) of its foreign currency deposits from the customers as statutory deposit
reserve.