Consolidated Statement of Income

(All amounts in Renminbi (“RMB”) millions, except per share data)

Year ended 31 December
Note 2016 2015
Revenue

6 274,197 277,049
Interconnection charges (12,739) (13,093)
Depreciation and amortisation (76,805) (76,738)
Network, operation and support expenses 7 (51,167) (42,308)
Employee benefit expenses 8 (36,907) (35,140)
Costs of telecommunications products sold 9 (36,529) (44,046)
Other operating expenses 10 (57,357) (54,960)
Finance costs 11 (5,017) (6,934)
Interest income 1,160 438
Share of net profit/(loss) of associates 204 (759)
Share of net profit/(loss) of joint ventures 153 (42)
Other income - net 12 1,591 10,568
Profit before income tax 784 14,035
Income tax expenses 13 (154) (3,473)
Profit for the year 630 10,562
Profit attributable to:
Equity shareholders of the Company 625 10,562
Non-controlling interests 5 -
Earnings per share for profit attributable to equity shareholders of the Company during the year:
Basic earnings per share (RMB) 14 0.03 0.44
Diluted earnings per share (RMB) 14 0.03 0.44

Details of dividends attributable to equity shareholders of the Company for the years ended 31 December 2016 and 2015 are set out in Note 29.

The notes on pages 93 to 161 are an integral part of these consolidated financial statements.

My Annual Report

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