China Life Insurance Company Limited
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has China Life Insurance Company Limited's balance sheet done over the years? Its assets were worth $5,888,479,000,000 last year, which is more than in the previous period. 92% of China Life Insurance Company Limited’s total assets is currently financed by debt. Its liabilities reached the amount of $5,418,437,000,000, which means an increase by 23% compared compared to last year.
Debt to Assets
| 2013 | 1970687000000 | 1.75T | 88.82% |
|---|---|---|---|
| 2014 | 2246567000000 | 1.95T | 87.21% |
| 2015 | 2448315000000 | 2.12T | 86.68% |
| 2016 | 2692924000000 | 2.38T | 88.73% |
| 2017 | 2897591000000 | 2.57T | 88.77% |
| 2018 | 3249484000000 | 2.93T | 90.2% |
| 2019 | 3721156000000 | 3.31T | 89.15% |
| 2020 | 4245530000000 | 3.79T | 89.4% |
| 2021 | 4883012000000 | 4.40T | 90.2% |
| 2023 | 5888479000000 | 5.41T | 92.02% |
LFC Balance Sheet (2013 – 2023)
| 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 149.56B | 60.44B | 56.62B | 53.30B | 50.80B | 48.58B | 67.04B | 76.09B | 47.03B | 21.33B |
Short term investments | 2.26T | 1.42T | 1.21T | 1.05T | 870.53B | 810.73B | 766.42B | 770.51B | 607.53B | 491.52B |
Net receivables | 0 | 31.46B | 24.35B | 21.65B | 26.12B | 30.74B | 15.55B | 24.29B | 0 | 18.70B |
Inventory | 0 | 0 | 0 | 0 | 0 | -146.23B | 0 | -182.31B | 0 | 0 |
Other current assets | 681.56B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 322.89B | 0 |
Total current assets | 3.09T | 1.52T | 1.29T | 1.13T | 947.47B | 890.06B | 67.04B | 870.90B | 665.73B | 55.98B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 54.77B | 56.91B | 55.82B | 55.27B | 47.28B | 42.70B | 30.38B | 26.97B | 25.34B | 23.39B |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 8.36B | 8.01B | 8.05B | 7.83B | 7.90B | 6.20B | 5.85B | 5.99B | 6.13B | 6.18B |
Long term investments | 4.48T | 3.42T | 2.80T | 2.35T | 2.01T | 1.82T | 1.69T | 1.45T | 1.22T | 1.06T |
Other non-current assets | -4.54T | -3.49T | -2.87T | -2.41T | -2.07T | -6.47B | -1.69T | -12.16B | -1.25T | -1.07T |
Total non-current assets | 8.98T | 3.49T | 2.87T | 2.41T | 2.07T | 1.87T | 30.38B | 1.49T | 1.25T | 20.23B |
Total assets | 5.88T | 4.88T | 4.24T | 3.72T | 3.24T | 2.89T | 2.69T | 2.44T | 2.24T | 1.97T |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 18.50B | 0 | 32.37B | 0 | 0 |
Short term debt | 0 | 0 | 0 | 0 | 0 | 780M | 0 | 0 | 0 | 0 |
Total current liabilities | 260.92B | 62.17B | 62.08B | 58.43B | 54.73B | 50.47B | 1.21B | 32.69B | 25.61B | 750M |
| Non-current liabilities: | ||||||||||
Long term debt | 48.97B | 55.86B | 57.21B | 58.12B | 20.15B | 18.01B | 54.16B | 70.63B | 70.61B | 67.98B |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | -48.97B | -1.17B | -72.49B | -68.45B | -20.15B | -36.51B | 2.38T | -70.63B | -70.61B | 1.38T |
Total non-current liabilities | 4.85T | 62.17B | 72.49B | 68.45B | 20.15B | 23.66B | 2.38T | 87.59B | 89.98B | 1.38T |
Total liabilities | 5.41T | 4.40T | 3.79T | 3.31T | 2.93T | 2.57T | 2.38T | 2.12T | 1.95T | 1.75T |
| Data source | Data source | Data source | Data source | Data source | Data source |