Financial Highlights

Unaudited Condensed Consolidated Interim Statement of Income

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

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  Six months ended 30 June
  Note 2018 2019
Revenue 5 149,105 144,954
Interconnection charges (6,685) (5,779)
Depreciation and amortisation 3 (38,646) (41,791)
Network, operation and support expenses 3,6 (27,744) (20,800)
Employee benefit expenses 7 (24,410) (25,192)
Costs of telecommunications products sold 8 (14,696) (12,391)
Other operating expenses 3,9 (29,897) (31,284)
Finance costs 3,10 (1,122) (1,180)
Interest income 908 645
Share of net profit of associates 554 689
Share of net profit of joint ventures 291 326
Other income – net 11 161 543
Profit before income tax 7,819 8,740
Income tax expenses 12 (1,870) (1,849)
Profit for the period 3 5,949 6,891
Profit attributable to:
Equity shareholders of the Company 5,912 6,877
Non-controlling interests 37 14
Earnings per share for profit attributable to equity shareholders of the Company during the period:
Basic earnings per share (RMB) 13 0.19 0.22
Diluted earnings per share (RMB) 13 0.19 0.22

Note: The Group has initially applied IFRS/HKFRS 16 at 1 January 2019 using the modified retrospective approach. Under this approach, comparative information is not restated. See Note 3.

The notes on pages 18 to 54 are an integral part of this unaudited condensed consolidated interim financial information.