In a first substrate, a reflective first common electrode is located on the first and second source lines and extending toward a region between the first and second source lines so as to form an aperture portion. A transmissive pixel electrode is arranged in a pixel defined by the first gate line, the second gate line, the first source line and the second source line and electrically connected with a switching element. The transmissive pixel electrode includes a first end extending along the first and second source lines so as to face the first common electrode. A second substrate includes a second common electrode arranged facing the pixel electrode and set to the same potential as the first common electrode. A liquid crystal layer is held between vertical alignment films formed on the first substrate and the second substrate.