Financial Highlights
Five-year 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.
| 2015 | 2016 | 2017 | 2018 | 2019 | ||
| Revenue | 277,049 | 274,197 | 274,829 | 290,877 | 290,515 | |
| Interconnection charges | (13,093) | (12,739) | (12,617) | (12,579) | (11,513) | |
| Depreciation and amortisation | (76,738) | (76,805) | (77,492) | (75,777) | (83,080) | |
| Network, operation and support expenses | (42,308) | (51,167) | (54,507) | (55,077) | (43,236) | |
| Employee benefit expenses | (35,140) | (36,907) | (42,471) | (48,143) | (50,516) | |
| Costs of telecommunications products sold | (46,079) | (39,301) | (26,643) | (27,604) | (26,412) | |
| Other operating expenses | (52,927) | (54,585) | (57,166) | (62,561) | (64,480) | |
| Finance costs | (6,934) | (5,017) | (5,734) | (1,625) | (2,123) | |
| Interest income | 438 | 1,160 | 1,647 | 1,712 | 1,272 | |
| Share of net (loss)/profit of associates | (759) | 204 | 893 | 2,477 | 1,359 | |
| Share of net (loss)/profit of joint ventures | (42) | 153 | 574 | 598 | 646 | |
| Other income – net | 10,568 | 1,591 | 1,280 | 783 | 1,735 | |
| Profit before income tax | 14,035 | 784 | 2,593 | 13,081 | 14,167 | |
| Income tax expenses | (3,473) | (154) | (743) | (2,824) | (2,795) | |
| Profit for the year | 10,562 | 630 | 1,850 | 10,257 | 11,372 | |
| Attributable to: | ||||||
| Equity shareholders of the Company | 10,562 | 625 | 1,828 | 10,197 | 11,330 | |
| Non-controlling interests | – | 5 | 22 | 60 | 42 | |
| Earnings per share for profit attributable to equity shareholders of the Company | ||||||
| – basic (RMB) | 0.44 | 0.03 | 0.07 | 0.33 | 0.37 | |
| – diluted (RMB) | 0.44 | 0.03 | 0.07 | 0.33 | 0.37 |
Selected Statement of Financial Position Data
| 2015 | 2016 | 2017 | 2018 | 2019 | ||
| Property, plant and equipment | 454,631 | 451,115 | 416,596 | 384,475 | 367,401 | |
| Right-of-use assets | – | – | – | – | 43,073 | |
| Financial assets at fair value through other comprehensive income | 4,852 | 4,326 | 4,286 | 3,903 | 3,323 | |
| Current assets | 56,670 | 82,218 | 76,722 | 75,909 | 83,595 | |
| Accounts receivable | 14,957 | 13,622 | 13,964 | 14,433 | 17,233 | |
| Cash and cash equivalents | 21,755 | 23,633 | 32,836 | 30,060 | 34,945 | |
| Total assets | 610,346 | 614,154 | 571,983 | 540,320 | 562,499 | |
| Lease liabilities (non-current portion) | – | – | – | – | 21,535 | |
| Current liabilities | 336,074 | 342,655 | 242,622 | 214,910 | 205,190 | |
| Accounts payable and accrued liabilities | 167,396 | 143,224 | 125,260 | 122,458 | 121,564 | |
| Short-term bank loans | 83,852 | 76,994 | 22,500 | 15,085 | 5,564 | |
| Lease liabilities (current portion) | – | – | – | – | 10,790 | |
| Commercial papers | 19,945 | 35,958 | 8,991 | – | 8,995 | |
| Current portion of promissory notes | 2,499 | 18,976 | 17,960 | – | – | |
| Current portion of corporate bonds | – | 2,000 | – | 16,994 | – | |
| Current portion of long-term bank loans | 84 | 161 | 410 | 441 | 437 | |
| Long-term bank loans | 1,748 | 4,495 | 3,473 | 3,173 | 2,869 | |
| Promissory notes | 36,928 | 17,906 | – | – | 998 | |
| Corporate bonds | 2,000 | 17,970 | 17,981 | 999 | 2,998 | |
| Total liabilities | 379,130 | 386,472 | 267,636 | 226,034 | 241,744 | |
| Total equity | 231,216 | 227,682 | 304,347 | 314,286 | 320,755 |
