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.

Results


Selected Statement of Income Data

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  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