Consolidated Statement of Comprehensive Income
for the year ended 31 December 2020 (Amounts in millions except for per share data)
|
2020 |
2019 |
||
|
Notes |
RMB |
RMB |
|
|
Operating revenues |
28 |
393,561 |
375,734 |
|
Operating expenses |
|||
|
Depreciation and amortisation |
(90,240) |
(88,145) |
|
|
Network operations and support |
29 |
(119,517) |
(109,799) |
|
Selling, general and administrative |
(55,059) |
(57,361) |
|
|
Personnel expenses |
30 |
(65,989) |
(63,567) |
|
Other operating expenses |
31 |
(29,074) |
(27,792) |
|
Impairment loss on property, plant and equipment |
4 |
(5,042) |
– |
|
Total operating expenses |
32 |
(364,921) |
(346,664) |
|
Operating profit |
28,640 |
29,070 |
|
|
Net finance costs |
33 |
(3,014) |
(3,639) |
|
Investment income |
60 |
30 |
|
|
Share of profits of associates |
1,701 |
1,573 |
|
|
Profit before taxation |
27,387 |
27,034 |
|
|
Income tax |
34 |
(6,307) |
(6,322) |
|
Profit for the year |
21,080 |
20,712 |
|
|
Other comprehensive income for the year |
|||
|
Items that will not be reclassified subsequently to profit or loss: |
|||
|
Change in fair value of investments in equity instruments at fair value through other comprehensive income |
(385) |
604 |
|
|
Deferred tax on change in fair value of investments in equity instruments at fair value through other comprehensive income |
97 |
(147) |
|
|
(288) |
457 |
||
|
Items that may be reclassified subsequently to profit or loss: |
|||
|
Exchange difference on translation of financial statements of subsidiaries outside mainland China |
(312) |
102 |
|
|
Share of other comprehensive income of associates |
(4) |
(2) |
|
|
(316) |
100 |
||
|
Other comprehensive income for the year, net of tax |
(604) |
557 |
|
|
Total comprehensive income for the year |
20,476 |
21,269 |
|
|
Profit attributable to |
|||
|
Equity holders of the Company |
20,850 |
20,517 |
|
|
Non-controlling interests |
230 |
195 |
|
|
Profit for the year |
21,080 |
20,712 |
|
|
Total comprehensive income attributable to |
|||
|
Equity holders of the Company |
20,244 |
21,074 |
|
|
Non-controlling interests |
232 |
195 |
|
|
Total comprehensive income for the year |
20,476 |
21,269 |
|
|
Basic earnings per share |
39 |
0.26 |
0.25 |
|
Number of shares (in millions) |
39 |
80,932 |
80,932 |
The notes on pages 171 to 244 form part of these consolidated financial statements.