In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity.

China Life Insurance Company Limited Balance Sheet Statement - Assets

As of 31 Dec 2021, The total current assets of China Life Insurance Company Limited (HKEX:2628) was around ¥374,412,000,000 which consisted of ¥55,800,000,000 of Cash, no Inventory and ¥36,532,000,000 of Net receivables. Current assets represent all the assets of a company that are expected to be conveniently sold, consumed, used, or exhausted through standard business operations within one year.

All amounts in CNY

Cash
¥55.8B
Current assets
¥374.41B
Total assets
¥4.89T

The latest balance sheet of China Life Insurance Company Limited also showed ¥56,154,000,000 of Property Plant Equipment and no Good will. Also there were ¥8,409,000,000 of Intangible assets and ¥704,270,000,000 of Other assets. The total assets including current and Intangibles/Deferred Long Term Asset Charges were ¥4,891,085,000,000.

China Life Insurance Company Limited Balance Sheet Statement - Liabilities

2628's latest annual results shows the balance sheet has ¥317,739,000,000 of Accounts Payable. Also there were ¥794,000,000 of Short/Long term debt, ¥51,410,000,000 of Long term debt, ¥63,877,000,000 of Other Current liabilities and ¥643,754,000,000 of Total Current Liabilities. Current liabilities are a company's short-term financial obligations that are due within one year or within a normal operating cycle.

Account payable
¥317.74B
Current liabilities
¥643.75B
Total liabilities
¥4.4T

As per the 31 Dec 2021's annual report of China Life Insurance Company Limited, the total liabilities were ¥4,404,427,000,000.

2628 Balance Sheet Statement - Stock Holder Equity

Stockholders' equity, also referred to as shareholders' equity, is the remaining amount of assets available to shareholders after all liabilities have been paid. It is calculated either as a firm's total assets less its total liabilities or alternatively as the sum of share capital and retained earnings less treasury shares. Stockholders' equity might include common stock, paid-in capital, retained earnings and treasury stock.

The latest Balance sheet of China Life Insurance Company Limited showed the total stock holder equity was ¥478,585,000,000 which consisted of ¥28,265,000,000 of Common stocks, ¥345,717,000,000 of Retained earnings and ¥50,299,000,000 of Other stock holder equity.

2628 Balance Sheet Statement History

Following table shows the history of balance sheet for China Life Insurance Company Limited (2628).

31 Dec 2021 31 Dec 2020 31 Dec 2019 31 Dec 2018
Cash 55.8B 36.26B 30.52B 30.78B
Net Receivables 36.53B 27.01B 23.9B 28.71B
Inventory - - - -
Total Current Assets 374.41B 304.59B 275.77B 280.72B
Property Plant Equipment 56.15B 54.85B 54.24B 46.47B
Good Will - - - -
Intangible Assets 8.41B 8.34B 8.07B 8.12B
Other Assets 704.27B 695.21B 646.19B 480.84B
Deferred Long Term Asset Charges 121M 87M 128M 1.26B
Total Assets 4.89T 4.25T 3.73T 3.25T
Accounts Payable 317.74B 302.19B 276.66B 231.63B
Short/Long Term Debt 794M - 3.13B 15.49B
Other Current Liabilities 63.88B 68.88B 75.13B 63.71B
Long Term Debt 51.41B 52.91B 50.79B 3.66B
Other Liabilities 3.71T 3.22T 2.77T 2.41T
Total Current Liabilities 643.75B 516.49B 497.09B 522.3B
Total Liabilities 4.4T 3.8T 3.32T 2.93T
Common Stock 28.27B 28.27B 28.27B 28.27B
Retained Earnings 345.72B 312.93B 283.54B 232.98B
Treasury Stock 50.3B 54.86B 36.95B 2.18B
Other Stockholder Equity 50.3B 54.86B 36.95B 2.18B
Total Stockholder Equity 478.58B 450.06B 403.76B 318.37B
Net Tangible Assets 470.18B 441.71B 395.69B 310.25B

China Life Insurance Company Limited (HKEX:2628) Balance Sheet Statement FAQ

1. How much Cash China Life Insurance Company Limited has on their balance sheet?

As of 31 Dec 2021, China Life Insurance Company Limited (HKEX:2628) has ¥55,800,000,000 of Cash.

2. What's the long term debt of China Life Insurance Company Limited?

As per the latest Balance sheet of China Life Insurance Company Limited (HKEX:2628), it has ¥51,410,000,000 of Long term debt.

3. How much share holder equity does China Life Insurance Company Limited has?

The China Life Insurance Company Limited (HKEX:2628)'s balance sheet shows that it has ¥478,585,000,000 of Total stock holder equity.