Financial Highlights

Consolidated Statement of Income

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

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  Year ended 31 December
  Note 2018 2019
Note
Revenue 6 290,877 290,515
Interconnection charges (12,579) (11,513)
Depreciation and amortisation 2 (75,777) (83,080)
Network, operation and support expenses 2,7 (55,077) (43,236)
Employee benefit expenses 8 (48,143) (50,516)
Costs of telecommunications products sold 9 (27,604) (26,412)
Other operating expenses 2,10 (62,561) (64,480)
Finance costs 2,11 (1,625) (2,123)
Interest income 1,712 1,272
Share of net profit of associates 2,477 1,359
Share of net profit of joint ventures 598 646
Other income – net 12 783 1,735
Profit before income tax 13,081 14,167
Income tax expenses 13 (2,824) (2,795)
Profit for the year 2 10,257 11,372
Profit attributable to:
Equity shareholders of the Company 10,197 11,330
Non-controlling interests 60 42
Earnings per share for profit attributable to equity shareholders of the Company during the year:
Basic earnings per share (RMB) 14 0.33 0.37
Diluted earnings per share (RMB) 14 0.33 0.37

Note: The Group has initially applied IFRS/HKFRS 16 at 1 January 2019 using the modified retrospective approach. Under this approach, comparative information is not restated. See Note 2.

Details of dividends attributable to equity shareholders of the Company for the years ended 31 December 2019 and 2018 are set out in Note 33.

The notes on pages 102 to 197 are an integral part of these consolidated financial statements.