Five-year Summary

(Amounts in millions, expect per share data)
Five-year Summary
  Year ended 31 December
  2013
RMB
(restated)
2014
RMB
(restated)
2015
RMB
(restated)
2016
RMB
(restated)
2017
RMB
Results of operation
Voice 96,904 88,319 78,661 70,185 61,678
Internet 99,441 112,556 126,665 150,449 172,554
Telecommunications network resource services and lease of network equipment 17,586 17,332 17,635 17,781 19,125
Information and application services and others 107,886 106,548 108,556 114,119 112,872
Operating revenues 321,817 324,755 331,517 352,534 366,229
Depreciation and amortisation 69,086 66,348 67,666 67,942 74,951
Network operations and support 53,236 68,885 81,433 94,156 103,969
Selling, general and administrative 70,455 62,753 54,480 56,426 58,434
Personnel expenses 46,766 50,698 52,586 54,504 56,043
Other operating expenses 54,806 47,555 48,905 52,286 45,612
Operating expenses 294,349 296,239 305,070 325,314 339,009
Operating profit 27,468 28,516 26,447 27,220 27,220
Gain from Tower Assets Disposal 5,214
Net finance costs (5,153) (5,291) (4,273) (3,235) (3,291)
Investment income 670 6 8 40 147
Share of profits/(losses) of associates 103 34 (698) 91 877
Profit before taxation 23,088 23,265 26,698 24,116 24,953
Income tax (5,422) (5,498) (6,552) (5,993) (6,192)
Profit for the year 17,666 17,767 20,146 18,123 18,761
Other comprehensive income for the year
Items that may be reclassified subsequently to profit or loss:
Change in fair value of available-for-sale equity securities 414 (54) 652 (228) (400)
Deferred tax on change in fair value of available-for-sale equity securities (104) 14 (163) 57 100
Exchange difference on translation of financial statements of subsidiaries outside mainland China (79) 3 129 190 (259)
Share of other comprehensive income of associates 5 (3) 3 6 7
Other comprehensive income for the year, net of tax 236 (40) 621 25 (552)
Total comprehensive income for the year 17,902 17,727 20,767 18,148 18,209
Profit attributable to
Equity holders of the Company 17,545 17,688 20,058 18,018 18,617
Non-controlling interests 121 79 88 105 144
Profit for the year 17,666 17,767 20,146 18,123 18,761
Total comprehensive income attributable to
Equity holders of the Company 17,781 17,648 20,679 18,043 18,065
Non-controlling interests 121 79 88 105 144
Total comprehensive income for the year 17,902 17,727 20,767 18,148 18,209
Basic earnings per share 0.22 0.22 0.25 0.22 0.23
  As at 31 December of the year
  2013
RMB
(restated)
2014
RMB
(restated)
2015
RMB
(restated)
2016
RMB
(restated)
2017
RMB
Financial condition
Property, plant and equipment, net 374,354 372,898 374,004 389,671 406,257
Construction in progress 44,169 53,183 69,107 80,386 73,106
Other non-current assets 71,958 75,674 108,369 108,367 110,281
Cash and bank deposits 18,357 21,815 34,388 27,948 22,510
Other current assets 34,576 37,967 43,879 46,186 49,040
Total assets 543,414 561,537 629,747 652,558 661,194
Current liabilities 200,246 206,553 256,074 319,133 275,408
Non-current liabilities 64,477 64,841 68,883 17,077 59,089
Total liabilities 264,723 271,394 324,957 336,210 334,497
Total equity attributable to equity holders of the Company 277,768 289,218 303,823 315,377 325,867
Non-controlling interests 923 925 967 971 830
Total equity 278,691 290,143 304,790 316,348 326,697
Total liabilities and equity 543,414 561,537 629,747 652,558 661,194

2013-2016 financial data were restated to include the retrospective impact of the acquisition of satellite communications business and Shaanxi Zhonghe Hengtai Insurance Agent Limited.