Consolidated Statement of Comprehensive Income
for the year ended 31 December 2011 (Amounts in millions, except per share data)

       
   

2011

2010

 

Note

RMB

RMB

     

(restated)

       

Operating revenues

22

245,041

219,864

       

Operating expenses

     

Depreciation and amortisation

 

(51,224)

(52,215)

Network operations and support

 

(52,912)

(47,432)

Selling, general and administrative

 

(48,741)

(42,130)

Personnel expenses

23

(39,167)

(35,529)

Other operating expenses

24

(28,868)

(19,106)

       

Total operating expenses

25

(220,912)

(196,412)

       

Operating profit

 

24,129

23,452

Net finance costs

26

(2,254)

(3,600)

Investment income

 

40

328

Share of profits of associates

 

99

131

       

Profit before taxation

 

22,014

20,311

Income tax

27

(5,416)

(4,846)

       

Profit for the year

 

16,598

15,465

       

Other comprehensive income for the year:

     

Change in fair value of available-for-sale equity securities

 

(205)

132

Deferred tax on change in fair value of available-for-sale equity securities

 

51

(48)

Exchange difference on translation of financial statements of subsidiaries
outside mainland China

 

(103)

(48)

Share of other comprehensive income from associates

 

–

(25)

       

Other comprehensive income for the year, net of tax

 

(257)

11

       

Total comprehensive income for the year

 

16,341

15,476

       

Profit attributable to:

     

Equity holders of the Company

 

16,502

15,347

Non-controlling interests

 

96

118

       

Profit for the year

 

16,598

15,465

       

Total comprehensive income attributable to:

     

Equity holders of the Company

 

16,245

15,358

Non-controlling interests

 

96

118

       

Total comprehensive income for the year

 

16,341

15,476

       

Basic earnings per share

32

0.20

0.19

       

Number of shares (in millions)

32

80,932

80,932

       

The notes on pages 96 to 146 form part of these financial statements.