Financial Highlights

CONSOLIDATED STATEMENT OF INCOME

For the year ended 31 December 2021
(All amounts in RMB millions, except per share data)

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  Year ended 31 December
  Note 2020 2021
Revenue 6 303,838 327,854
Interconnection charges (10,574) (11,557)
Depreciation and amortisation (83,017) (85,652)
Network, operation and support expenses 7 (46,286) (53,087)
Employee benefit expenses 8 (55,740) (58,944)
Costs of telecommunications products sold 9 (26,862) (30,683)
Other operating expenses 10 (70,237) (77,263)
Finance costs 11 (1,747) (1,385)
Interest income 1,366 1,215
Share of net profit of associates 1,588 1,862
Share of net profit of joint ventures 787 1,448
Other income — net 12 2,911 4,119
Profit before income tax 16,027 17,927
Income tax expenses 13 (3,450) (3,420)
Profit for the year 12,577 14,507
Profit attributable to:
Equity shareholders of the Company 12,493 14,368
Non-controlling interests 84 139
Profit for the year 12,577 14,507
Earnings per share for profit attributable to equity shareholders of the Company during the year:
Basic earnings per share (RMB) 14 0.41 0.47
Diluted earnings per share (RMB) 14 0.41 0.47

The notes on pages 106 to 199 are an integral part of these consolidated financial statements.