Financial Highlights

Consolidated Statement of Income

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

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  Year ended 31 December
  Note 2017 2018
Revenue 6 274,829 290,877
Interconnection charges (12,617) (12,579)
Depreciation and amortisation (77,492) (75,777)
Network, operation and support expenses 7 (54,507) (55,077)
Employee benefit expenses 8 (42,471) (48,143)
Costs of telecommunications products sold 9 (26,643) (27,604)
Other operating expenses 10 (57,166) (62,561)
Finance costs 11 (5,734) (1,625)
Interest income 1,647 1,712
Share of net profit of associates 893 2,477
Share of net profit of joint ventures 574 598
Other income – net 12 1,280 783
Profit before income tax 2,593 13,081
Income tax expenses 13 (743) (2,824)
Profit for the year 1,850 10,257
Profit attributable to:
Equity shareholders of the Company 1,828 10,197
Non-controlling interests 22 60
Earnings per share for profit attributable to equity shareholders of the Company during the period:
Basic earnings per share (RMB) 14 0.07 0.33
Diluted earnings per share (RMB) 14 0.07 0.33

Note: The Group has initially applied IFRS/HKFRS 15 and IFRS/HKFRS 9 (2014) at 1 January 2018. Under the transition method chosen, comparative information is not restated. See Note 2.

Details of dividends attributable to equity shareholders of the Company for the years ended 31 December 2018 and 2017 are set out in Note 32.

The notes on pages 102 to 193 are an integral part of these consolidated financial statements.