Tools

Annual Report 2017

Financial Summary

For the five-year ended 31 December 2017
(All amounts in RMB millions, except per share data)

Selected financial summary for 2013 to 2017, including selected consolidated statement of income data and consolidated statement of financial position data for 2013, 2014, 2015, 2016 and 2017 were prepared in accordance with IFRSs/HKFRSs.

RESULTS

Selected Statement of Income Data

2017 2016 2015 2014 2013
Revenue 274,829 274,197 277,049 284,681 295,038
Interconnection charges (12,617) (12,739) (13,093) (14,599) (20,208)
Depreciation and amortisation (77,492) (76,805) (76,738) (73,868) (68,196)
Network, operation and support expenses (54,507) (51,167) (42,308) (37,851) (33,704)
Employee benefit expenses (42,471) (36,907) (35,140) (34,652) (31,783)
Costs of telecommunications products sold (26,643) (39,301) (46,079) (44,863) (64,365)
Other operating expenses (57,166) (54,585) (52,927) (59,945) (61,015)
Finance costs (5,734) (5,017) (6,934) (4,617) (3,113)
Interest income 1,647 1,160 438 283 173
Share of net profit/(loss) of associates 893 204 (759) - -
Share of net profit/(loss) of joint ventures 574 153 (42) - -
Other income - net 1,280 1,591 10,568 1,362 887
Profit before income tax 2,593 784 14,035 15,931 13,714
Income tax expenses (743) (154) (3,473) (3,876) (3,306)
Profit for the year 1,850 630 10,562 12,055 10,408
Attributable to:
Equity shareholders of the Company 1,828 625 10,562 12,055 10,408
Non-controlling interests 22 5 - - -
2017 2016 2015 2014 2013
Earnings per share for profit attributable to
equity shareholders of the Company
– basic (RMB) 0.07 0.03 0.44 0.51 0.44
– diluted (RMB) 0.07 0.03 0.44 0.49 0.43

Selected Statement of Financial Position Data

2017 2016 2015 2014 2013
Property, plant and equipment 416,596 451,115 454,631 438,321 431,625
Financial assets at fair value
      through other comprehensive income
4,286 4,326 4,852 5,902 6,497
Current assets 76,722 82,218 56,670 56,574 52,210
Accounts receivable 13,964 13,622 14,957 14,671 14,842
Cash and cash equivalents 32,836 23,633 21,755 25,308 21,506
Total assets 571,983 614,154 610,346 545,072 529,171
Current liabilities 242,622 342,655 336,074 291,920 295,239
Accounts payable and accrued liabilities 125,260 143,224 167,396 120,371 102,212
Short-term bank loans 22,500 76,994 83,852 91,503 94,470
Commercial papers 8,991 35,958 19,945 9,979 35,000
Current portion of promissory notes 17,960 18,976 2,499 - -
Current portion of corporate bonds - 2,000 - - -
Current portion of long-term bank loans 410 161 84 45 48
Convertible bonds - - - 11,167 11,002
Long-term bank loans 3,473 4,495 1,748 420 481
Promissory notes - 17,906 36,928 21,460 -
Corporate bonds 17,981 17,970 2,000 2,000 2,000
Total liabilities 267,636 386,472 379,130 317,531 310,272
Total equity 304,347 227,682 231,216 227,541 218,899