Five-year Summary

(Amounts in millions, expect per share data)
Five-year Summary
  Year ended 31 December
  2014
RMB
2015
RMB
2016
RMB
2017
RMB
2018
RMB
Results of operation
Operating revenues 324,755 331,517 352,534 366,229 377,124
Depreciation and amortisation 66,348 67,666 67,942 74,951 75,493
Network operations and support 68,885 81,433 94,156 103,969 116,062
Selling, general and administrative 62,753 54,480 56,426 58,434 59,422
Personnel expenses 50,698 52,586 54,504 56,043 59,736
Other operating expenses 47,555 48,905 52,286 45,612 37,697
Operating expenses 296,239 305,070 325,314 339,009 348,410
Operating profit 28,516 26,447 27,220 27,220 28,714
Gain from Tower Assets Disposal 5,214
Net finance costs (5,291) (4,273) (3,235) (3,291) (2,708)
Investment income 6 8 40 147 38
Income from investments in associates 34 (698) 91 877 2,104
Profit before taxation 23,265 26,698 24,116 24,953 28,148
Income tax (5,498) (6,552) (5,993) (6,192) (6,810)
Profit for the year 17,767 20,146 18,123 18,761 21,338
Other comprehensive income for the year
Items that may 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
Items that may be reclassified subsequently to profit or loss:
Change in fair value of available-for-sale equity securities (54) 652 (228) (400) -
Deferred tax on change in fair value of available-for-sale equity securities 14 (163) 57 100 -
Exchange difference on translation of financial statements of subsidiaries outside mainland China 3 129 190 (259) 154
Share of other comprehensive income of associates (3) 3 6 7 (7)
Other comprehensive income for the year, net of tax (40) 621 25 (552) (95)
Total comprehensive income for the year 17,727 20,767 18,148 18,209 21,243
Profit attributable to
Equity holders of the Company 17,688 20,058 18,018 18,617 21,210
Non-controlling interests 79 88 105 144 128
Profit for the year 17,767 20,146 18,123 18,761 21,338
Total comprehensive income attributable to
Equity holders of the Company 17,648 20,679 18,043 18,065 21,115
Non-controlling interests 79 88 105 144 128
Total comprehensive income for the year 17,727 20,767 18,148 18,209 21,243
Basic earnings per share 0.22 0.25 0.22 0.23 0.26
  As at 31 December of the year
  2014
RMB
2015
RMB
2016
RMB
2017
RMB
2018
RMB
Financial condition
Property, plant and equipment, net 372,898 374,004 389,671 406,257 407,795
Construction in progress 53,183 69,107 80,386 73,106 66,644
Other non-current assets 75,674 108,369 108,367 110,281 115,938
Cash and bank deposits 21,815 34,388 27,948 22,510 23,480
Other current assets 37,967 43,879 46,186 49,040 49,525
Total assets 561,537 629,747 652,558 661,194 663,382
Current liabilities 206,553 256,074 319,133 275,408 258,920
Non-current liabilities 64,841 68,883 17,077 59,089 60,363
Total liabilities 271,394 324,957 336,210 334,497 319,283
Total equity attributable to equity holders of the Company 289,218 303,823 315,377 325,867 343,069
Non-controlling interests 925 967 971 830 1,030
Total equity 290,143 304,790 316,348 326,697 344,099
Total liabilities and equity 561,537 629,747 652,558 661,194 663,382