Consolidated Statement of Income

(All amounts in Renminbi (“RMB”) millions, except per share data)

Year ended 31 December
Note 2018 2017
Revenue 6 290,877 274,829
Interconnection charges (12,579) (12,617)
Depreciation and amortisation (75,777) (77,492)
Network, operation and support expenses 7 (55,077) (54,507)
Employee benefit expenses 8 (48,143) (42,471)
Costs of telecommunications products sold 9 (27,604) (26,643)
Other operating expenses 10 (62,561) (57,166)
Finance costs 11 (1,625) (5,734)
Interest income 1,712 1,647
Share of net profit of associates 2,477 893
Share of net profit of joint ventures 598 574
Other income - net 12 783 1,280
Profit before income tax 13,081 2,593
Income tax expenses 13 (2,824) (743)
Profit for the year 10,257 1,850
Profit attributable to:      
Equity shareholders of the Company 10,197 1,828
Non-controlling interests 60 22
Earnings per share for profit attributable to equity shareholders of the Company during the year:
Basic earnings per share (RMB) 14 0.33 0.07
Diluted earnings per share (RMB) 14 0.33 0.07
Note: The Group has initially applied IFRS/HKFRS 15 and IFRS/HKFRS 9 (2014) at 1 January 2018. Under the transition method chosen, comparative information is not restated. See Note 2.

Details of dividends attributable to equity shareholders of the Company for the years ended 31 December 2018 and 2017 are set out in Note 32.

The notes on pages 102 to 193 are an integral part of these consolidated financial statements.

MY ANNUAL REPORT

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