Consolidated Statement of Comprehensive Income
For the year ended 31 December 2020
(Amounts in millions except for per share data)
Consolidated Statement of Comprehensive Income
  Notes 2019
RMB
2020
RMB
 
Operating revenues 28 375,734 393,561
 
Operating expenses
Depreciation and amortisation
(88,145) (90,240)
Network operations and support
29 (109,799) (119,517)
Selling, general and administrative
(57,361) (55,059)
Personnel expenses
30 (63,567) (65,989)
Other operating expenses
31 (27,792) (29,074)
Impairment loss on property, plant and equipment
4 (5,042)
Total operating expenses
32 (346,664) (364,921)
Operating profit 29,070 28,640
Net finance costs 33 (3,639) (3,014)
Investment income 30 60
Share of profits of associates 1,573 1,701
Profit before taxation 27,034 27,387
Income tax 34 (6,322) (6,307)
Profit for the year 20,712 21,080
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
604 (385)
Deferred tax on change in fair value of investments in equity instruments at fair value through other comprehensive income
(147) 97
457 (288)
Items that may be reclassified subsequently to profit or loss:
Exchange difference on translation of financial statements of subsidiaries outside mainland China
102 (312)
Share of other comprehensive income of associates
(2) (4)
100 (316)
Other comprehensive income for the year, net of tax 557 (604)
Total comprehensive income for the year 21,269 20,476
Profit attributable to
Equity holders of the Company
20,517 20,850
Non-controlling interests
195 230
Profit for the year 20,712 21,080
Total comprehensive income attributable to
Equity holders of the Company
21,074 20,244
Non-controlling interests
195 232
Total comprehensive income for the year 21,269 20,476
Basic earnings per share 39 0.25 0.26
Number of shares (in millions) 39 80,932 80,932

The notes on pages 171 to 244 form part of these consolidated financial statements.

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