Five-year Summary

(Amounts in millions, expect per share data)
Five-year Summary
  Year ended 31 December
  2015
RMB
2016
RMB
2017
RMB
2018
RMB
2019
RMB
Results of operation
Operating revenues 331,517 352,534 366,229 377,124 375,734
Depreciation and amortisation 67,666 67,942 74,951 75,493 88,145
Network operations and support 81,433 94,156 103,969 116,062 109,799
Selling, general and administrative 54,480 56,426 58,434 59,422 57,361
Personnel expenses 52,586 54,504 56,043 59,736 63,567
Other operating expenses 48,905 52,286 45,612 37,697 27,792
Operating expenses 305,070 325,314 339,009 348,410 346,664
Operating profit 26,447 27,220 27,220 28,714 29,070
Gain from Tower Assets Disposal 5,214
Net finance costs (4,273) (3,235) (3,291) (2,708) (3,639)
Investment income 8 40 147 38 30
Income from investments in associates (698) 91 877 2,104 1,573
Profit before taxation 26,698 24,116 24,953 28,148 27,034
Income tax (6,552) (5,993) (6,192) (6,810) (6,322)
Profit for the year 20,146 18,123 18,761 21,338 20,712
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) 604
Deferred tax on change in fair value of investments in equity instruments at fair value through other comprehensive income - - - 82 (147)
Items that may be reclassified subsequently to profit or loss:
Change in fair value of available-for-sale equity securities 652 (228) (400) - -
Deferred tax on change in fair value of available-for-sale equity securities (163) 57 100 - -
Exchange difference on translation of financial statements of subsidiaries outside mainland China 129 190 (259) 154 102
Share of other comprehensive income of associates 3 6 7 (7) (2)
Other comprehensive income for the year, net of tax 621 25 (552) (95) 557
Total comprehensive income for the year 20,767 18,148 18,209 21,243 21,269
Profit attributable to
Equity holders of the Company 20,058 18,018 18,617 21,210 20,517
Non-controlling interests 88 105 144 128 195
Profit for the year 20,146 18,123 18,761 21,338 20,712
Total comprehensive income attributable to
Equity holders of the Company 20,679 18,043 18,065 21,115 21,074
Non-controlling interests 88 105 144 128 195
Total comprehensive income for the year 20,767 18,148 18,209 21,243 21,269
Basic earnings per share 0.25 0.22 0.23 0.26 0.25
  As at 31 December of the year
  2015
RMB
2016
RMB
2017
RMB
2018
RMB
2019
RMB
Financial condition
Property, plant and equipment, net 374,004 389,671 406,257 407,795 410,008
Construction in progress 69,107 80,386 73,106 66,644 59,206
Other non-current assets 108,369 108,367 110,281 115,938 160,735
Cash and bank deposits 34,388 27,948 22,510 23,480 24,419
Other current assets 43,879 46,186 49,040 49,525 48,763
Total assets 629,747 652,558 661,194 663,382 703,131
Current liabilities 256,074 319,133 275,408 258,920 264,661
Non-current liabilities 68,883 17,077 59,089 60,363 83,430
Total liabilities 324,957 336,210 334,497 319,283 348,091
Total equity attributable to equity holders of the Company 303,823 315,377 325,867 343,069 352,510
Non-controlling interests 967 971 830 1,030 2,530
Total equity 304,790 316,348 326,697 344,099 355,040
Total liabilities and equity 629,747 652,558 661,194 663,382 703,131