Financial Summary

For the five-year ended 31 December 2018
(All amounts in RMB millions, except per share data)

Selected financial summary for 2014 to 2018, including selected consolidated statement of income data and consolidated statement of financial position data for 2014, 2015, 2016, 2017 and 2018 were prepared in accordance with IFRSs/HKFRSs.

RESULTS

Selected Statement of Income Data

2018 2017201620152014
Revenue 290,877 274,829274,197277,049284,681
Interconnection charges (12,579) (12,617)(12,739)(13,093)(14,599)
Depreciation and amortisation (75,777) (77,492)(76,805)(76,738)(73,868)
Network, operation and support expenses (55,077) (54,507)(51,167)(42,308)(37,851)
Employee benefit expenses (48,143) (42,471)(36,907)(35,140)(34,652)
Costs of telecommunications products sold (27,604) (26,643)(39,301)(46,079)(44,863)
Other operating expenses (62,561) (57,166)(54,585)(52,927)(59,945)
Finance costs (1,625) (5,734)(5,017)(6,934)(4,617)
Interest income 1,712 1,6471,160438283
Share of net profit/(loss) of associates 2,477 893204(759)-
Share of net profit/(loss) of joint ventures 598 574153(42)-
Other income - net 783 1,2801,59110,5681,362
Profit before income tax 13,081 2,59378414,03515,931
Income tax expenses (2,824) (743)(154)(3,473)(3,876)
Profit for the year 10,257 1,85063010,56212,055
Attributable to:    
Equity shareholders of the Company 10,197 1,82862510,56212,055
Non-controlling interests 60 225--
2018 2017201620152014
Earnings per share for profit attributable to equity shareholders of the Company
- basic (RMB) 0.33 0.070.030.440.51
- diluted (RMB) 0.33 0.070.030.440.49

Selected Statement of Financial Position Data

2018 2017 2016 2015 2014
Property, plant and equipment 384,475 416,596 451,115 454,631 438,321
Financial assets at fair value through other
comprehensive income 3,903 4,286 4,326 4,852 5,902
Current assets 75,909 76,722 82,218 56,670 56,574
Accounts receivable 14,433 13,964 13,622 14,957 14,671
Cash and cash equivalents 30,060 32,836 23,633 21,755 25,308
Total assets 540,320 571,983 614,154 610,346 545,072
Current liabilities 214,910 242,622 342,655 336,074 291,920
Accounts payable and accrued liabilities 122,458 125,260 143,224 167,396 120,371
Short-term bank loans 15,085 22,500 76,994 83,852 91,503
Commercial papers - 8,991 35,958 19,945 9,979
Current portion of promissory notes - 17,960 18,976 2,499 -
Current portion of corporate bonds 16,994 - 2,000 - -
Current portion of long-term bank loans 441 410 161 84 45
Convertible bonds - - - - 11,167
Long-term bank loans 3,173 3,473 4,495 1,748 420
Promissory notes - - 17,906 36,928 21,460
Corporate bonds 999 17,981 17,970 2,000 2,000
Total liabilities 226,034 267,636 386,472 379,130 317,531
Total equity 314,286 304,347 227,682 231,216 227,541

MY ANNUAL REPORT

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