Annual Report 2019

Consolidated Statement of Income

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

Year ended 31 December
 Note20192018
   Note
Revenue6290,515290,877
Interconnection charges(11,513)(12,579)
Depreciation and amortisation2(83,080)(75,777)
Network, operation and support expenses2, 7(43,236)(55,077)
Employee benefit expenses8(50,516)(48,143)
Costs of telecommunications products sold9(26,412)(27,604)
Other operating expenses2, 10(64,480)(62,561)
Finance costs2, 11(2,123)(1,625)
Interest income1,2721,712
Share of net profit of associates1,3592,477
Share of net profit of joint ventures646598
Other income — net121,735783
Profit before income tax14,16713,081
Income tax expenses13(2,795)(2,824)
Profit for the year211,37210,257
Profit attributable to:
  Equity shareholders of the Company11,33010,197
  Non-controlling interests4260
Earnings per share for profit attributable to equity shareholders of the Company during the year:    
Basic earnings per share (RMB)140.370.33
Diluted earnings per share (RMB)140.370.33

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 2.

Details of dividends attributable to equity shareholders of the Company for the years ended 31 December 2019 and 2018 are set out in Note 33.

The notes on pages 102 to 197 are an integral part of these consolidated financial statements.

MY ANNUAL REPORT

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