Annual Report
2018

Consolidated Statement of Comprehensive Income

for the year ended 31 December 2018 (Amounts in millions, except per share data)

Notes 2018 RMB 2017 RMB
Operating revenues 26 377,124 366,229
Operating expenses
Depreciation and amortisation (75,493) (74,951)
Network operations and support 27 (116,062) (103,969)
Selling, general and administrative (59,422) (58,434)
Personnel expenses 28 (59,736) (56,043)
Other operating expenses 29 (37,697) (45,612)
Total operating expenses 30 (348,410) (339,009)
Operating profit 28,714 27,220
Net finance costs 31 (2,708) (3,291)
Investment income 38 147
Income from investments in associates 9 2,104 877
Profit before taxation 28,148 24,953
Income tax 32 (6,810) (6,192)
Profit for the year 21,338 18,761
Other comprehensive income for the year
Items that will not be reclassified subsequently to profit or loss:
Change in fair value of investments in equity instruments at fair value through other comprehensive income (324) -
Deferred tax on change in fair value of investments in equity instruments at fair value through other comprehensive income 82 -
(242) -
Items that may be reclassified subsequently to profit or loss: (400)
Change in fair value of available-for-sale equity securities _ (400)
Deferred tax on change in fair value of available-for-sale equity securities _ 100
Exchange difference on translation of financial statements of subsidiaries outside mainland China 154 (259)
Share of other comprehensive income of associates (7) 7
147 (552)
Other comprehensive income for the year, net of tax (95) (552)
Total comprehensive income for the year 21,243 18,209
Profit attributable to
Equity holders of the Company 21,210 18,617
Non-controlling interests 128 144
Profit for the year 21,338 18,761
Total comprehensive income attributable to
Equity holders of the Company 21,115 18,065
Non-controlling interests 128 144
Total comprehensive income for the year 21,243 18,209
Basic earnings per share 37 0.26 0.23
Number of shares (in millions) 37 80,932 80,932
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