Financial Highlights

Consolidated Statement of Income

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

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  Year ended 31 December
  Note 2019 2020
Revenue 6 290,515 303,838
Interconnection charges (11,513) (10,574)
Depreciation and amortisation (83,080) (83,017)
Network, operation and support expenses 7 (43,236) (46,286)
Employee benefit expenses 8 (50,516) (55,740)
Costs of telecommunications products sold 9 (26,412) (26,862)
Other operating expenses 10 (64,480) (70,237)
Finance costs 11 (2,123) (1,747)
Interest income 1,272 1,366
Share of net profit of associates 1,359 1,588
Share of net profit of joint ventures 646 787
Other income — net 12 1,735 2,911
Profit before income tax 14,167 16,027
Income tax expenses 13 (2,795) (3,450)
Profit for the year 11,372 12,577
Profit attributable to:
Equity shareholders of the Company 11,330 12,493
Non-controlling interests 42 84
Earnings per share for profit attributable to equity shareholders of the Company during the year:
Basic earnings per share (RMB) 14 0.37 0.41
Diluted earnings per share (RMB) 14 0.37 0.41

Details of dividends attributable to equity shareholders of the Company for the years ended 31 December 2020 and 2019 are set out in Note 32.

The notes on pages 102 to 185 are an integral part of these consolidated financial statements.