Financial Highlights

Consolidated Statement of Income (Extracted from 2016 Annual Report dated 15 March 2017)

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

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  Year ended 31 December
  Note 2015 2016
Revenue 6 277,049 274,197
Interconnection charges (13,093) (12,739)
Depreciation and amortisation (76,738) (76,805)
Network, operation and support expenses 7 (42,308) (51,167)
Employee benefit expenses 8 (35,140) (36,907)
Costs of telecommunications products sold 9 (44,046) (36,529)
Other operating expenses 10 (54,960) (57,357)
Finance costs 11 (6,934) (5,017)
Interest income 438 1,160
Share of net (loss)/ profit of associates (759) 204
Share of net (loss)/ profit of joint ventures (42) 153
Other income – net 12 10,568 1,591
Profit before income tax   14,035 784
Income tax expenses 13 (3,473) (154)
Profit for the year   10,562 630
Profit attributable to:
Equity shareholders of the Company   10,562 625
Non-controlling interests   5
Earnings per share for profit attributable to equity shareholders of the Company during the year:
Basic earnings per share (RMB) 14 0.44 0.03
Diluted earnings per share (RMB) 14 0.44 0.03

Details of dividends attributable to equity shareholders of the Company for the years ended 31 December 2016 and 2015 are set out in Note 29.

The notes on pages 93 to 161 are an integral part of these consolidated financial statements.