Consolidated Statement of Comprehensive Income
For the year ended 31 December 2018
(Amounts in millions, except per share data)
Consolidated Statement of Comprehensive Income
  Notes 2017
RMB
2018
RMB
Operating revenues 26 366,229 377,124
Operating expenses
Depreciation and amortisation
(74,951) (75,493)
Network operations and support
27 (103,969) (116,062)
Selling, general and administrative
(58,434) (59,422)
Personnel expenses
28 (56,043) (59,736)
Other operating expenses
29 (45,612) (37,697)
Total operating expenses
30 (339,009) (348,410)
Operating profit 27,220 28,714
Net finance costs
31 (3,291) (2,708)
Investment income
147 38
Income from investments in associates
9 877 2,104
Profit before taxation 24,953 28,148
Income tax
32 (6,192) (6,810)
Profit for the year 18,761 21,338
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:
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
(259) 154
Share of other comprehensive income of associates
7 (7)
(552) 147
Other comprehensive income for the year, net of tax (552) (95)
Total comprehensive income for the year 18,209 21,243
Profit attributable to
Equity holders of the Company
18,617 21,210
Non-controlling interests
144 128
Profit for the year 18,761 21,338
Total comprehensive income attributable to
Equity holders of the Company
18,065 21,115
Non-controlling interests
144 128
Total comprehensive income for the year 18,209 21,243
Basic earnings per share 37 0.23 0.26
Number of shares (in millions) 37 80,932 80,932

The notes on pages 169 to 261 form part of these consolidated financial statements.