Financial Highlights

Five-year Summary (Extracted from 2016 Annual Report dated 15 March 2017)

For the five-year ended 31 December 2016
(All amounts in RMB millions, except per share data)

Selected financial summary for 2012 to 2016, including selected consolidated statement of income data and consolidated statement of financial position data for 2012, 2013, 2014, 2015 and 2016 were prepared in accordance with IFRSs/HKFRSs.

Selected Statement of Income Data

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  2012 2013 2014 2015 2016  
Revenue 248,926 295,038 284,681 277,049 274,197  
Interconnection charges (18,681) (20,208) (14,599) (13,093) (12,739)  
Depreciation and amortisation (61,057) (68,196) (73,868) (76,738) (76,805)  
Network, operation and support expenses (32,516) (33,704) (37,851) (42,308) (51,167)  
Employee benefit expenses (28,778) (31,783) (34,652) (35,140) (36,907)  
Costs of telecommunications products sold (45,040) (63,416) (43,397) (44,046) (36,529)  
Other operating expenses (51,252) (61,964) (61,411) (54,960) (57,357)  
Finance costs (3,664) (3,113) (4,617) (6,934) (5,017)  
Interest income 240 173 283 438 1,160  
Share of net profit/(loss) of associates (759) 204  
Share of net profit/(loss) of joint ventures (42) 153  
Other income – net 1,343 887 1,362 10,568 1,591  
Profit before income tax 9,521 13,714 15,931 14,035 784  
Income tax expenses (2,425) (3,306) (3,876) (3,473) (154)  
Profit for the year 7,096 10,408 12,055 10,562 630  
Attributable to:          
Equity shareholders of the Company 7,096 10,408 12,055 10,562 625  
Non-controlling interests 5  
Earnings per share for profit attributable to equity shareholders of the Company  
– basic (RMB) 0.30 0.44 0.51 0.44 0.03  
– diluted (RMB) 0.30 0.43 0.49 0.44 0.03  

Selected Statement of Financial Position Data

  2012 2013 2014 2015 2016  
Property, plant and equipment 430,997 431,625 438,321 454,631 451,115  
Financial assets at fair value through other comprehensive income 5,567 6,497 5,902 4,852 4,326  
Current assets 48,174 52,210 56,574 56,670 82,218  
Accounts receivable 13,753 14,842 14,671 14,957 13,622  
Cash and cash equivalents 18,250 21,506 25,308 21,755 23,633  
Total assets 516,124 529,171 545,072 610,346 614,154  
Current liabilities 302,320 295,239 291,920 336,074 342,655  
Accounts payable and accrued liabilities 108,486 102,212 120,371 167,396 143,224  
Short-term bank loans 70,025 94,470 91,503 83,852 76,994  
Commercial papers 38,000 35,000 9,979 19,945 35,958  
Current portion of promissory notes 15,000 2,499 18,976  
Current portion of corporate bonds 5,000 2,000  
Convertible bonds 11,215 11,002 11,167  
Long-term bank loans 536 481 420 1,748 4,495  
Promissory notes 21,460 36,928 17,906  
Corporate bonds 2,000 2,000 2,000 2,000 17,970  
Total liabilities 306,619 310,272 317,531 379,130 386,472  
Total equity 209,505 218,899 227,541 231,216 227,682