Financial Highlights

Five-year 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

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  2014 2015 2016 2017 2018  
Revenue 284,681 277,049 274,197 274,829 290,877  
Interconnection charges (14,599) (13,093) (12,739) (12,617) (12,579)  
Depreciation and amortisation (73,868) (76,738) (76,805) (77,492) (75,777)  
Network, operation and support expenses (37,851) (42,308) (51,167) (54,507) (55,077)  
Employee benefit expenses (34,652) (35,140) (36,907) (42,471) (48,143)  
Costs of telecommunications products sold (44,863) (46,079) (39,301) (26,643) (27,604)  
Other operating expenses (59,945) (52,927) (54,585) (57,166) (62,561)  
Finance costs (4,617) (6,934) (5,017) (5,734) (1,625)  
Interest income 283 438 1,160 1,647 1,712  
Share of net (loss)/profit of associates (759) 204 893 2,477  
Share of net (loss)/profit of joint ventures (42) 153 574 598  
Other income – net 1,362 10,568 1,591 1,280 783  
Profit before income tax 15,931 14,035 784 2,593 13,081  
Income tax expenses (3,876) (3,473) (154) (743) (2,824)  
Profit for the year 12,055 10,562 630 1,850 10,257  
Attributable to:  
Equity shareholders of the Company 12,055 10,562 625 1,828 10,197  
Non-controlling interests 5 22 60  
Earnings per share for profit attributable to equity shareholders of the Company  
– basic (RMB) 0.51 0.44 0.03 0.07 0.33  
– diluted (RMB) 0.49 0.44 0.03 0.07 0.33  

Selected Statement of Financial Position Data

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