Financial Summary

For the five-year ended 31 December 2016
(All amounts in RMB millions, except per share data)

Selected financial summary for 2012 to 2016, including selected consolidated statement of income data and consolidated statement of financial position data for 2012, 2013, 2014, 2015 and 2016 were prepared in accordance with IFRSs/HKFRSs.

RESULTS

Selected Statement of Income Data

2016 2015 2014 2013 2012
Revenue 274,197 277,049 284,681 295,038 248,926
Interconnection charges (12,739) (13,093) (14,599) (20,208) (18,681)
Depreciation and amortisation (76,805) (76,738) (73,868) (68,196) (61,057)
Network, operation and support expenses (51,167) (42,308) (37,851) (33,704) (32,516)
Employee benefit expenses (36,907) (35,140) (34,652) (31,783) (28,778)
Costs of telecommunications products sold (36,529) (44,046) (43,397) (63,416) (45,040)
Other operating expenses (57,357) (54,960) (61,411) (61,964) (51,252)
Finance costs (5,017) (6,934) (4,617) (3,113) (3,664)
Interest income 1,160 438 283 173 240
Share of net profit/(loss) of associates 204 (759) - - -
Share of net profit/(loss) of joint ventures 153 (42) - - -
Other income - net 1,591 10,568 1,362 887 1,343
Profit before income tax 784 14,035 15,931 13,714 9,521
Income tax expenses (154) (3,473) (3,876) (3,306) (2,425)
Profit for the year 630 10,562 12,055 10,408 7,096
Attributable to:
Equity shareholders of the Company 625 10,562 12,055 10,408 7,096
Non-controlling interests 5 - - - -
Earnings per share for profit attributable to
  equity shareholders of the Company

- basic (RMB)
0.03 0.44 0.51 0.44 0.30
- diluted (RMB) 0.03 0.44 0.49 0.43 0.30

Selected Statement of Financial Position Data

2016 2015 2014 2013 2012
Property, plant and equipment 451,115 454,631 438,321 431,625 430,997
Financial assets at fair value through other
   comprehensive income 4,326 4,852 5,902 6,497 5,567
Current assets 82,218 56,670 56,574 52,210 48,174
Accounts receivable 13,622 14,957 14,671 14,842 13,753
Cash and cash equivalents 23,633 21,755 25,308 21,506 18,250
Total assets 614,154 610,346 545,072 529,171 516,124
Current liabilities 342,655 336,074 291,920 295,239 302,320
Accounts payable and accrued liabilities 143,224 167,396 120,371 102,212 108,486
Short-term bank loans 76,994 83,852 91,503 94,470 70,025
Commercial papers 35,958 19,945 9,979 35,000 38,000
Current portion of promissory notes 18,976 2,499 - - 15,000
Current portion of corporate bonds 2,000 - - - 5,000
Convertible bonds - - 11,167 11,002 11,215
Long-term bank loans 4,495 1,748 420 481 536
Promissory notes 17,906 36,928 21,460 - -
Corporate bonds 17,970 2,000 2,000 2,000 2,000
Total liabilities 386,472 379,130 317,531 310,272 306,619
Total equity 227,682 231,216 227,541 218,899 209,505

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