FINANCIAL SUMMARY
For the five-year ended 31 December 2020
(All amounts in RMB millions, except per share data)
Selected financial summary for 2016 to 2020, including selected consolidated statement of income data and consolidated statement of financial position data for 2016, 2017, 2018, 2019 and 2020 were prepared in accordance with IFRSs/HKFRSs.
RESULTS
Selected Statement of Income Data
|
2020 |
2019 |
2018 |
2017 |
2016 |
|
|
|
|
|
|
|
|
|
Revenue |
303,838 |
290,515 |
290,877 |
274,829 |
274,197 |
|
Interconnection charges |
(10,574) |
(11,513) |
(12,579) |
(12,617) |
(12,739) |
|
Depreciation and amortisation |
(83,017) |
(83,080) |
(75,777) |
(77,492) |
(76,805) |
|
Network, operation and support expenses |
(46,286) |
(43,236) |
(55,077) |
(54,507) |
(51,167) |
|
Employee benefit expenses |
(55,740) |
(50,516) |
(48,143) |
(42,471) |
(36,907) |
|
Costs of telecommunications products sold |
(26,862) |
(26,412) |
(27,604) |
(26,643) |
(39,301) |
|
Other operating expenses |
(70,237) |
(64,480) |
(62,561) |
(57,166) |
(54,585) |
|
Finance costs |
(1,747) |
(2,123) |
(1,625) |
(5,734) |
(5,017) |
|
Interest income |
1,366 |
1,272 |
1,712 |
1,647 |
1,160 |
|
Share of net profit of associates |
1,588 |
1,359 |
2,477 |
893 |
204 |
|
Share of net profit of joint ventures |
787 |
646 |
598 |
574 |
153 |
|
Other income — net |
2,911 |
1,735 |
783 |
1,280 |
1,591 |
|
|
|
|
|
|
|
|
Profit before income tax |
16,027 |
14,167 |
13,081 |
2,593 |
784 |
|
Income tax expenses |
(3,450) |
(2,795) |
(2,824) |
(743) |
(154) |
|
|
|
|
|
|
|
|
Profit for the year |
12,577 |
11,372 |
10,257 |
1,850 |
630 |
|
|
|
|
|
|
|
|
Profit attributable to: |
|||||
|
Equity shareholders of the Company |
12,493 |
11,330 |
10,197 |
1,828 |
625 |
|
|
|
|
|
|
|
|
Non-controlling interests |
84 |
42 |
60 |
22 |
5 |
|
|
|
|
|
|
|
|
Earnings per share for profit attributable to equity shareholders of the Company: |
|||||
|
— basic (RMB) |
0.41 |
0.37 |
0.33 |
0.07 |
0.03 |
|
|
|
|
|
|
|
|
— diluted (RMB) |
0.41 |
0.37 |
0.33 |
0.07 |
0.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and equipment |
364,187 |
367,401 |
384,475 |
416,596 |
451,115 |
|
Right-of-use assets |
37,960 |
43,073 |
— |
— |
— |
|
Financial assets measured at fair value |
27,682 |
4,093 |
4,673 |
4,446 |
4,449 |
|
Current assets |
108,636 |
83,595 |
75,909 |
76,722 |
82,218 |
|
Accounts receivable |
16,287 |
17,233 |
14,433 |
13,964 |
13,622 |
|
Cash and cash equivalents |
23,085 |
34,945 |
30,060 |
32,836 |
23,633 |
|
Total assets |
580,616 |
562,499 |
540,320 |
571,983 |
614,154 |
|
Lease liabilities (non-current portion) |
16,458 |
21,535 |
— |
— |
— |
|
Current liabilities |
222,028 |
205,190 |
214,910 |
242,622 |
342,655 |
|
Accounts payable and accrued liabilities |
134,437 |
117,525 |
122,458 |
125,211 |
143,156 |
|
Short-term bank loans |
740 |
5,564 |
15,085 |
22,500 |
76,994 |
|
Lease liabilities (current portion) |
11,503 |
10,790 |
— |
— |
— |
|
Commercial papers |
7,000 |
8,995 |
— |
8,991 |
35,958 |
|
Current portion of promissory notes |
— |
— |
— |
17,960 |
18,976 |
|
Current portion of corporate bonds |
1,000 |
— |
16,994 |
— |
2,000 |
|
Current portion of long-term bank loans |
418 |
437 |
441 |
410 |
161 |
|
Long-term bank loans |
2,482 |
2,869 |
3,173 |
3,473 |
4,495 |
|
Promissory notes |
998 |
998 |
— |
— |
17,906 |
|
Corporate bonds |
1,999 |
2,998 |
999 |
17,981 |
17,970 |
|
Total liabilities |
253,096 |
241,744 |
226,034 |
267,636 |
386,472 |
|
Total equity |
327,520 |
320,755 |
314,286 |
304,347 |
227,682 |
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