B.A.T. CHINA LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. B.A.T. CHINA LIMITED 1991-12-06 → present
2. BRITISH CIGARETTE COMPANY LIMITED 1985-03-13 → 1991-12-06
3. EXCHANGE TOBACCO COMPANY LIMITED 1914-03-06 → 1985-03-13

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Group structure

1. B.A.T. CHINA LIMITED · parent
   1. CTBAT International Co. Limited 50% · Hong Kong, China · manages the worldwide international cigarette trademarks State Express 555 and Shuang Xi.

Significant events

• “The main pension scheme operated in Hong Kong is a defined benefit externally funded scheme which provides a lump sum on retirement or leaving service. The scheme has been terminated effective 1 September 2025. As a result, all members exited the scheme and were enrolled in the defined contribution scheme, Mandatory Provident Fund (MPF), of the Hong Kong branch. The remaining assets of the scheme after all benefits and expenses have been paid or transferred were refunded to the employer, in net amount of £139,370.”
• “During 2024, the Company was a party to a brand migration arrangement with British American Tobacco Bangladesh Company Limited, a fellow Group subsidiary, and CTBAT in the Bangladesh market. As part of this on-going arrangement, the Company has agreed to absorb certain charges and recover certain costs incurred from CTBAT on behalf of the wider BAT Group to support the brand migration.”
• “Under this arrangement, the Company has entered into an agreement with CTBAT providing an undertaking to perform certain actions during and upon the termination of the brand migration arrangement. Should the Company fail to carry out these actions, compensation would be payable to CTBAT. The value of this potential compensation is subject to a number of market-based factors and would be assessed and agreed between the Company and CTBAT at that time. Management has assessed that the likelihood of the guarantee being triggered is remote. Management has assessed that the value of the compensation payable would be between £1 million and £5 million based on current assumptions.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.