Financial Statements > Financial Summary

(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