Annual Report 2019

Financial Summary

For the five-year ended 31 December 2019

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

Selected financial summary for 2015 to 2019, including selected consolidated statement of income data and consolidated statement of financial position data for 2015, 2016, 2017, 2018 and 2019 were prepared in accordance with IFRS/HKFRSs.

RESULTS

Selected Statement of Income Data
20192018201720162015
Revenue290,515290,877274,829274,197277,049
Interconnection charges(11,513)(12,579)(12,617)(12,739)(13,093)
Depreciation and amortisation(83,080)(75,777)(77,492)(76,805)(76,738)
Network, operation and support
  expenses(43,236)(55,077)(54,507)(51,167)(42,308)
Employee benefit expenses(50,516)(48,143)(42,471)(36,907)(35,140)
Costs of telecommunications products
  sold(26,412)(27,604)(26,643)(39,301)(46,079)
Other operating expenses(64,480)(62,561)(57,166)(54,585)(52,927)
Finance costs(2,123)(1,625)(5,734)(5,017)(6,934)
Interest income1,2721,7121,6471,160438
Share of net profit/(loss) of associates1,3592,477893204(759)
Share of net profit/(loss) of joint
  ventures646598574153(42)
Other income — net1,7357831,2801,59110,568
Profit before income tax14,16713,0812,59378414,035
Income tax expenses(2,795)(2,824)(743)(154)(3,473)
Profit for the year11,37210,2571,85063010,562
Attributable to:
Equity shareholders of the Company11,33010,1971,82862510,562
Non-controlling interests4260225-
Earnings per share for profit
  attributable to equity shareholders of the Company
  — basic (RMB)0.370.330.070.030.44
— diluted (RMB)0.370.330.070.030.44

Selected Statement of Financial Position Data
20192018201720162015
Property, plant and equipment367,401384,475416,596451,115454,631
Right-of-use assets43,073
Financial assets at fair value through
  other comprehensive income3,3233,9034,2864,3264,852
Current assets83,59575,90976,72282,21856,670
Accounts receivable17,23314,43313,96413,62214,957
Cash and cash equivalents34,94530,06032,83623,63321,755
Total assets562,499540,320571,983614,154610,346
Lease liabilities (non-current portion)21,535
Current liabilities205,190214,910242,622342,655336,074
Accounts payable and accrued liabilities121,564122,458125,260143,224167,396
Short-term bank loans5,56415,08522,50076,99483,852
Lease liabilities (current portion)10,790
Commercial papers8,9958,99135,95819,945
Current portion of promissory notes17,96018,9762,499
Current portion of corporate bonds16,9942,000
Current portion of long-term
  bank loans43744141016184
Long-term bank loans2,8693,1733,4734,4951,748
Promissory notes99817,90636,928
Corporate bonds2,99899917,98117,9702,000
Total liabilities241,744226,034267,636386,472379,130
Total equity320,755314,286304,347227,682231,216

MY ANNUAL REPORT

Your page has been added successfully.