(Amounts in millions, except per share data)
Year ended 31 December |
|||||
2010 |
2009 |
2008 |
2007 |
2006 |
|
RMB |
RMB |
RMB |
RMB |
RMB |
|
Results of operation |
|||||
Wireline voice |
62,498 |
78,432 |
96,258 |
111,573 |
121,492 |
Mobile voice |
28,906 |
20,027 |
3,955 |
– |
– |
Internet |
63,985 |
51,567 |
40,727 |
31,802 |
24,308 |
Managed data and leased line |
12,389 |
11,499 |
10,231 |
9,183 |
7,920 |
Upfront connection fees |
497 |
1,151 |
2,022 |
3,294 |
4,971 |
Value-added services, integrated information application services and others |
51,589 |
46,694 |
33,336 |
24,952 |
18,527 |
Operating revenues |
219,864 |
209,370 |
186,529 |
180,804 |
177,218 |
Depreciation and amortisation |
51,656 |
52,243 |
53,880 |
52,607 |
51,690 |
Network operations and support |
47,288 |
42,903 |
36,096 |
29,856 |
29,487 |
Selling, general and administrative |
42,130 |
40,507 |
27,501 |
24,130 |
22,442 |
Personnel expenses |
35,529 |
32,857 |
28,946 |
27,419 |
26,390 |
Other operating expenses |
19,106 |
17,449 |
10,794 |
9,051 |
8,209 |
Impairment loss on property, plant and equipment |
139 |
753 |
24,167 |
– |
– |
Operating expenses |
195,848 |
186,712 |
181,384 |
143,063 |
138,218 |
Operating profit |
24,016 |
22,658 |
5,145 |
37,741 |
39,000 |
Deficit on revaluation of property, plant and equipment |
– |
– |
– |
(2,755) |
– |
Net finance costs |
(3,600) |
(4,375) |
(5,076) |
(4,288) |
(4,472) |
Investment income/(loss) |
361 |
791 |
5 |
83 |
(25) |
Share of profits of associates |
131 |
101 |
112 |
215 |
61 |
Profit before taxation |
20,908 |
19,175 |
186 |
30,996 |
34,564 |
Income tax |
(5,031) |
(4,549) |
793 |
(6,704) |
(6,919) |
Profit for the year |
15,877 |
14,626 |
979 |
24,292 |
27,645 |
Other comprehensive income for the year |
|||||
Change in fair value of available-for-sale equity securities |
132 |
538 |
(92) |
78 |
66 |
Deferred tax on change in fair value of available-for-sale equity securities |
(48) |
(120) |
23 |
(14) |
(22) |
Exchange difference on translation of financial statements of subsidiaries outside mainland PRC |
(48) |
(2) |
(83) |
(103) |
(309) |
Effect of changes in tax rates |
– |
– |
– |
(1,577) |
5 |
Surplus on revaluation of property, plant and equipment |
– |
– |
– |
4,809 |
– |
Deferred tax on revaluation surplus |
– |
– |
– |
(1,136) |
– |
Share of other comprehensive income from associates |
(25) |
– |
– |
– |
– |
Other comprehensive income for the year, net of tax |
11 |
416 |
(152) |
2,057 |
(260) |
Total comprehensive income for the year |
15,888 |
15,042 |
827 |
26,349 |
27,385 |
Profit attributable to |
|||||
Equity holders of the Company |
15,759 |
14,422 |
884 |
24,195 |
27,562 |
Non-controlling interests |
118 |
204 |
95 |
97 |
83 |
Profit for the year |
15,877 |
14,626 |
979 |
24,292 |
27,645 |
Total comprehensive income attributable to |
|||||
Equity holders of the Company |
15,770 |
14,763 |
732 |
26,252 |
27,302 |
Non-controlling interests |
118 |
279 |
95 |
97 |
83 |
Total comprehensive income for the year |
15,888 |
15,042 |
827 |
26,349 |
27,385 |
Basic earnings per share |
0.19 |
0.18 |
0.01 |
0.30 |
0.34 |
Financial condition |
|||||
Property, plant and equipment, net |
275,248 |
286,328 |
299,159 |
329,292 |
330,436 |
Construction in progress |
14,445 |
11,567 |
13,615 |
13,626 |
19,563 |
Other non-current assets |
62,417 |
67,689 |
72,064 |
26,303 |
28,187 |
Cash and bank deposits |
27,792 |
35,246 |
28,263 |
21,649 |
23,492 |
Other current assets |
27,453 |
25,690 |
27,236 |
22,461 |
22,179 |
Total assets |
407,355 |
426,520 |
440,337 |
413,331 |
423,857 |
Current liabilities |
126,923 |
143,481 |
176,790 |
140,245 |
159,451 |
Non-current liabilities |
48,468 |
60,426 |
48,999 |
47,114 |
53,609 |
Total liabilities |
175,391 |
203,907 |
225,789 |
187,359 |
213,060 |
Total equity attributable to equity holders of the Company |
231,468 |
221,732 |
213,036 |
224,521 |
209,349 |
Non-controlling interests |
496 |
881 |
1,512 |
1,451 |
1,448 |
Total equity |
231,964 |
222,613 |
214,548 |
225,972 |
210,797 |
Total liabilities and equity |
407,355 |
426,520 |
440,337 |
413,331 |
423,857 |