Financial Summary
(Amounts in millions, except per share data)
|
Year ended 31 December |
|||||
|
2020 |
2019 |
2018 |
2017 |
2016 |
|
|
RMB |
RMB |
RMB |
RMB |
RMB |
|
|
Results of operation |
|||||
|
Operating revenues |
393,561 |
375,734 |
377,124 |
366,229 |
352,534 |
|
Depreciation and amortisation |
(90,240) |
(88,145) |
(75,493) |
(74,951) |
(67,942) |
|
Network operations and support |
(119,517) |
(109,799) |
(116,062) |
(103,969) |
(94,156) |
|
Selling, general and administrative |
(55,059) |
(57,361) |
(59,422) |
(58,434) |
(56,426) |
|
Personnel expenses |
(65,989) |
(63,567) |
(59,736) |
(56,043) |
(54,504) |
|
Other operating expenses |
(29,074) |
(27,792) |
(37,697) |
(45,612) |
(52,286) |
|
Impairment loss on property, plant and equipment |
(5,042) |
– |
– |
– |
– |
|
Operating expenses |
(364,921) |
(346,664) |
(348,410) |
(339,009) |
(325,314) |
|
Operating profit |
28,640 |
29,070 |
28,714 |
27,220 |
27,220 |
|
Net finance costs |
(3,014) |
(3,639) |
(2,708) |
(3,291) |
(3,235) |
|
Investment income |
60 |
30 |
38 |
147 |
40 |
|
Income from investments in associates |
1,701 |
1,573 |
2,104 |
877 |
91 |
|
Profit before taxation |
27,387 |
27,034 |
28,148 |
24,953 |
24,116 |
|
Income tax |
(6,307) |
(6,322) |
(6,810) |
(6,192) |
(5,993) |
|
Profit for the year |
21,080 |
20,712 |
21,338 |
18,761 |
18,123 |
|
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 |
(385) |
604 |
(324) |
– |
– |
|
Deferred tax on change in fair value of investments |
97 |
(147) |
82 |
– |
– |
|
Items that may be reclassified subsequently to profit or loss: |
|||||
|
Change in fair value of available-for-sale equity securities |
– |
– |
– |
(400) |
(228) |
|
Deferred tax on change in fair value of |
– |
– |
– |
100 |
57 |
|
Exchange difference on translation of financial statements |
(312) |
102 |
154 |
(259) |
190 |
|
Share of other comprehensive income of associates |
(4) |
(2) |
(7) |
7 |
6 |
|
Other comprehensive income for the year, net of tax |
(604) |
557 |
(95) |
(552) |
25 |
|
Total comprehensive income for the year |
20,476 |
21,269 |
21,243 |
18,209 |
18,148 |
|
Profit attributable to |
|||||
|
Equity holders of the Company |
20,850 |
20,517 |
21,210 |
18,617 |
18,018 |
|
Non-controlling interests |
230 |
195 |
128 |
144 |
105 |
|
Profit for the year |
21,080 |
20,712 |
21,338 |
18,761 |
18,123 |
|
Total comprehensive income attributable to |
|||||
|
Equity holders of the Company |
20,244 |
21,074 |
21,115 |
18,065 |
18,043 |
|
Non-controlling interests |
232 |
195 |
128 |
144 |
105 |
|
Total comprehensive income for the year |
20,476 |
21,269 |
21,243 |
18,209 |
18,148 |
|
Basic earnings per share |
0.26 |
0.25 |
0.26 |
0.23 |
0.22 |
|
As at 31 December of the year |
|||||
|
2020 |
2019 |
2018 |
2017 |
2016 |
|
|
RMB |
RMB |
RMB |
RMB |
RMB |
|
|
Financial condition |
|||||
|
Property, plant and equipment, net |
418,605 |
410,008 |
407,795 |
406,257 |
389,671 |
|
Construction in progress |
48,425 |
59,206 |
66,644 |
73,106 |
80,386 |
|
Other non-current assets |
164,050 |
160,735 |
115,938 |
110,281 |
108,367 |
|
Cash and bank deposits |
33,092 |
24,419 |
23,480 |
22,510 |
27,948 |
|
Other current assets |
50,924 |
48,763 |
49,525 |
49,040 |
46,186 |
|
Total assets |
715,096 |
703,131 |
663,382 |
661,194 |
652,558 |
|
Current liabilities |
271,142 |
264,661 |
258,920 |
275,408 |
319,133 |
|
Non-current liabilities |
77,779 |
83,430 |
60,363 |
59,089 |
17,077 |
|
Total liabilities |
348,921 |
348,091 |
319,283 |
334,497 |
336,210 |
|
Total equity attributable to equity holders of the Company |
363,456 |
352,510 |
343,069 |
325,867 |
315,377 |
|
Non-controlling interests |
2,719 |
2,530 |
1,030 |
830 |
971 |
|
Total equity |
366,175 |
355,040 |
344,099 |
326,697 |
316,348 |
|
Total liabilities and equity |
715,096 |
703,131 |
663,382 |
661,194 |
652,558 |