Financial Highlights

Five-year Summary

For the five-year ended 31 December 2015
(All amounts in RMB millions, except per share data)

Selected Statement of Income Data

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  2011 2012 2013 2014 2015  
Revenue 209,167 248,926 295,038 284,681 277,049  
Interconnection charges (16,380) (18,681) (20,208) (14,599) (13,093)  
Depreciation and amortisation (58,021) (61,057) (68,196) (73,868) (76,738)  
Network, operation and support expenses (29,449) (32,516) (33,704) (37,851) (42,308)  
Employee benefit expenses (26,601) (28,778) (31,783) (34,652) (35,140)  
Costs of telecommunications products sold (29,739) (45,040) (63,416) (43,397) (44,046)  
Other operating expenses (43,586) (51,252) (61,964) (61,411) (54,960)  
Finance costs (1,474) (3,664) (3,113) (4,617) (6,934)  
Interest income 230 240 173 283 438  
Share of loss of associates (759)  
Share of loss of joint venture (42)  
Other income – net 1,451 1,343 887 1,362 10,568  
Profit before income tax 5,598 9,521 13,714 15,931 14,035  
Income tax expenses (1,371) (2,425) (3,306) (3,876) (3,473)  
Profit for the year 4,227 7,096 10,408 12,055 10,562  
Attributable to:            
Equity shareholders of the Company 4,227 7,096 10,408 12,055 10,562  
Earnings per share for profit attributable to equity shareholders of the Company            
– basic (RMB) 0.18 0.30 0.44 0.51 0.44  
– diluted (RMB) 0.18 0.30 0.43 0.49 0.44  

Selected Statement of Financial Position Data

  2011 2012 2013 2014 2015  
Property, plant and equipment 381,859 430,997 431,625 438,321 454,631  
Financial assets at fair value through other comprehensive income 6,951 5,567 6,497 5,902 4,852  
Current assets 38,803 48,174 52,210 56,574 56,670  
Accounts receivable 11,412 13,753 14,842 14,671 14,957  
Cash and cash equivalents 15,106 18,250 21,506 25,308 21,755  
Total assets 456,233 516,124 529,171 545,072 610,346  
Current liabilities 213,927 302,320 295,239 291,920 336,074  
Accounts payable and accrued liabilities 95,252 108,486 102,212 120,371 167,396  
Short-term bank loans 32,372 70,025 94,470 91,503 83,852  
Commercial papers 38,000 38,000 35,000 9,979 19,945  
Current portion of promissory notes 15,000 2,499  
Current portion of corporate bonds 5,000  
Convertible bonds 11,118 11,215 11,002 11,167  
Long-term bank loans 1,384 536 481 420 1,748  
Promissory notes 15,000 21,460 36,928  
Corporate bonds 7,000 2,000 2,000 2,000 2,000  
Total liabilities 250,335 306,619 310,272 317,531 379,130  
Total equity 205,898 209,505 218,899 227,541 231,216