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