Financial Highlights

Five-year Summary

For the five-year ended 31 December 2017
(All amounts in RMB millions, except per share data)

Selected financial summary for 2013 to 2017, including selected consolidated statement of income data and consolidated statement of financial position data for 2013, 2014, 2015, 2016 and 2017 were prepared in accordance with IFRSs/HKFRSs.

Results


Selected Statement of Income Data

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  2013 2014 2015 2016 2017  
Revenue 295,038 284,681 277,049 274,197 274,829  
Interconnection charges (20,208) (14,599) (13,093) (12,739) (12,617)  
Depreciation and amortisation (68,196) (73,868) (76,738) (76,805) (77,492)  
Network, operation and support expenses (33,704) (37,851) (42,308) (51,167) (54,507)  
Employee benefit expenses (31,783) (34,652) (35,140) (36,907) (42,471)  
Costs of telecommunications products sold (64,365) (44,863) (46,079) (39,301) (26,643)  
Other operating expenses (61,015) (59,945) (52,927) (54,585) (57,166)  
Finance costs (3,113) (4,617) (6,934) (5,017) (5,734)  
Interest income 173 283 438 1,160 1,647  
Share of net (loss)/profit of associates (759) 204 893  
Share of net (loss)/profit of joint ventures (42)153 574  
Other income – net 887 1,362 10,568 1,591 1,280  
Profit before income tax 13,714 15,931 14,035 784 2,593  
Income tax expenses (3,306) (3,876) (3,473) (154) (743)  
Profit for the year 10,408 12,055 10,562 630 1,850  
Attributable to:          
Equity shareholders of the Company 10,408 12,055 10,562 625 1,828  
Non-controlling interests 5 22  
Earnings per share for profit attributable to equity shareholders of the Company  
– basic (RMB) 0.44 0.51 0.44 0.03 0.07  
– diluted (RMB) 0.43 0.49 0.44 0.03 0.07  

Selected Statement of Financial Position Data

  2013 2014 2015 2016 2017  
Property, plant and equipment 431,625 438,321 454,631 451,115 416,596  
Financial assets at fair value through other comprehensive income 6,497 5,902 4,852 4,326 4,286  
Current assets 52,210 56,574 56,670 82,218 76,722  
Accounts receivable 14,842 14,671 14,957 13,622 13,964  
Cash and cash equivalents 21,506 25,308 21,755 23,633 32,836  
Total assets 529,171 545,072 610,346 614,154 571,983  
Current liabilities 295,239 291,920 336,074 342,655 242,622  
Accounts payable and accrued liabilities 102,212 120,371 167,396 143,224 125,260  
Short-term bank loans 94,470 91,503 83,852 76,994 22,500  
Commercial papers 35,000 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  
Current portion of long-term bank loans 48 45 84 161 410  
Convertible bonds 11,002 11,167  
Long-term bank loans 481 420 1,748 4,495 3,473  
Promissory notes 21,460 36,928 17,906  
Corporate bonds 2,000 2,000 2,000 17,970 17,981  
Total liabilities 310,272 317,531 379,130 386,472 267,636  
Total equity 218,899 227,541 231,216 227,682 304,347